₦airaland Forum

immanuello: pls dextarex,mk you do a me a favor by bringing down that stubborn wapic junction frm 72/73kobo to possibly 66kobo or betterstill 70kobo.Hmmm lols.

mercylicious: its not resting in peace . The news dt caused the riae in price will affect the 2015 result.
They now have a guaranteed mkt for their produce and expansion for tlheir facilties.The company is turning arnd for good.

nitrogen: Oga Dexterex, you still dey wapic so? I don do my second entering and exiting oooo....no time. At least 10% on each.

Dexterax: Beautiful inversion.

The existing shareholders will have to buy it at a premium while non-holders like me can get it at a discounted market price as the price continues to plummet.

Well I expect some proxy companies and market makers to do the bidding of you-know-who.

passwelle: Love the NSE sha. Access last trade at 8.67. Rights will be at 8.90

passwelle: Anyone notice the volumes on Seplat today?

4dchairman: Sorry for the long absence. So OANDO bring result?

myjoy08: Sir, seriously Oando is taking the beat by loosing between 5 kobo and 10 kobo. This is serious beating oooooooooo!

passwelle: Sir, it is temporary. The institutional investors are not around today hence the offer is presently 5 times the bid. Once they return, they will mop up at a faster rate as it steadily increases.

Agbalowomeri: To every seller, there is a buyer and time will prove one to have made the wrong decision

#Abeg wey my garri wey I been dey soak

johnwisdom10: I have being following this trend for a while now and I really love the way everything is moving. please do and body know about PREMBREW stock. please advice me on if or not to trade PREMBREW stock. thanks

Agbalowomeri: Lol!

How consistent is their data? Here comes 'believability' Me I no wan base my hope on Q3 ROE of 30% only for the audited ROE to turn 15% and on top that 3% dividend, that is if dem give at all. NEM readily comes to mind!

passwelle: Cool. I just didnt want to be surprised again.

passwelle: Anyone here in the NASCON bus pre closure? Can you confirm receipt of fy 13 dividends? Read something about non receipt of full dividends by the registrars on smn.

Agbalowomeri: Bros there is a linear relationship between ROE and PBV. I used to be glued on PE sometimes ago, no wonder some stocks will trade at almost the same PE forever. To determine that a stock is undervalued, one needs to see where the stock's data lies on the smoothed curve of PBV versus ROE (please dexter help). For example, if PBV is on the y-axis and ROE is on the x-axis, any stock that falls below the smoothed line is likely undervalued. One may need to do a research on the possible value of the gradient; perhaps this would likely differ from sector to sector. I think I have seen a similar graph in one proshare's document.

So, if a stock is trading at PBV of 0.5 and a PE of 4 and the ROE is 8 and you think it is cheap? Bros it is just rightly valued! But if a stock trades at PBV of 1.0 and the audited ROE is 25, bros you won't get this kind of bargain anywhere in the market! Please if u do abeg just let me know. That is why a stock with a high ROE will always be more expensive. For example, Stanbic's PE is already taking over from GTB because the ROE has moved higher than that of GTB, the same reason GTB traded a higher PE than its peer all along, the same reason it appears FBNH is getting cheaper by the day because of its depreciating ROE.

Back to Afriprud; ROE here is around 25 (I'm projecting it to year end 30 as it appears from history their earnings increase towards year end), PBV is currently around 1.5. Now for an ROE of 25 in the global market, PBV should be around 3.0 and above. Now you can see it is cheap to me. Then the dividend payout ratio appears to be high. Finally, strong growth!

stokfrick: dude- only those who feel guilty of my post will take it personal

stokfrick: the problem i have with most peeps in ds foum is that if they r not in a particular hot bus and others r, they must find a way to water it down. that is how it happened in FO and today they r licking their wounds for not boardind dat bus. that is how dey analyse heaven and earth on smn, then if them analyse finish d market go do him mind. then them go begin dey reanalyse again from under!
i want u to always rember that dis is NSE and that most of the times, d realities in d market becomes no respecter of our views here. so chilax!

passwelle: Access bank rights issue price is NGN8.90 per share. Will be surprised if the stock price doesn't drop below that the week the suspension is lifted.
Oh, and the rights issue wont be underwritten.
http://www.proshareng.com/news/24477.html

passwelle: Those Proshare dudes, wonder when they want us to start buying Afriprud

omaojo1: Bros, them don borrow that rights money since July. What they want to do now is to get the money and repay the lenders(that is what they are telling the lenders for now). It is actually a convertible debt they issued.

I think they'll take the rights money and use it to meet other needs and leave those guys with no option but to convert. By the time all this transactions settle eh, OS in issue go near 20billion.

Last bullet: no one will be talking down a coy without reason. Forget emotion and ur bias and add 2 to 2 and see if you can get 22. Indirect interest is over 500million and he is here spewing all this against himself.

mpi210: Oando can't be looking for money to develop the assets they bought from COP and be paying dividends. The journey they just embarked on is CAPITAL INTENSIVE and we're talking MILLIONS OF DOLLARS.

omaojo1: Oga, all this media propaganda no go work.

Please don't fail to get today's Thisday, see page vii for aiteo's position. Amongst others, it stated that:

-The Aiteo Group did not bid nor has it indicated any interest to bid for the OandoPlc downstream assets.

-The Aiteo Group has no intent to purchase the said Oando downstream assets.

The situation as it is is that there is only one interested party and the outcome is still probabilistic for now.