₦airaland Forum

kotlass:
Left to me, the result does not justify the pricing. Non-controlling interest once again taking up almost 40% of PAT. At 13.1k EPS, I would be surprised if FY EPS of >18k is achieved. So what percentage of this will be paid as div.? The stock is presently trading more than double BVPS. For me, it is a NO. Let's see the opinion of Mr Market.

You would also notice that the P & L acct for Q3'14 was compared to Q3'13 but this was not done for balance sheet statement (sorry I be Engineer in case I don mix am up o). We all know there was no Ughelli at the corresponding period in 2013.

#Modified

When Ugodre of Nairametrics while reviewing Transcorp's 2013 results warned about this same owners versus non-controlling interest imbalance in Transcorp's profit-sharing, I am sure not many people saw his warnings or if they did, took him seriously:

"Out of the N6.9billion declared by the group Transcorp Plc (which is the company quoted on the NSE) only lays claim to N4billion (57%) of that amount with Non-Controlling Interest (NCI) having N2.9billion. It was N1.1billion and N1.3billion for Transcorp and the NCI in 2012 respectively.
This basically means the value added to shareholders of Transcorp from this result is N4billion. Out of this N4billion declared by the group Transcorp Plc was paid dividend of N2.1billion. So essentially it earned N2.1billion in 2013 as dividends from its various subsidiaries. This in my opinion should be the focus of any investor….how much does Transcorp actually earn from its various subsidiaries and from its own proprietary transactions."

http://web.nairametrics.com/analysis-10-things-need-know-transcorp-2013-result/

chukyjones:
Hi all,
just wanted to know if anyone here purchased acorn petroleum PP some years back.

any news about their listing yet?

I did o. I had already forgotten about them and considered it one of my bad investments until I got sent by post an annual report last month...of course after the meeting had been held. Appears they want to raise money and suddenly remembered their long forgotten shareholders. There was a loud silence about any possibility of a public listing. Ma worry; I just tanda dey wait for their approach with my bow and poisoned arrows.

With this Ben Obi as his SSA, Gov. Obiano had better watch his back because he is certain to betray him tomorrow once he steps down from power. Ben Obi displays so much pettiness in this story that you wonder the truth in everything he says. So you were Peter Obi's schoolmate? Clap for yourself. So you drove Ojukwu in your HUMMER? Make we begin dobale for you, abi? Onye ara. Rabbeesh!!!

stokfrick:
pls can yem0350 or or any one here pls give me the phone no. or email adress of the CEO of morgan capital group? pls i'll like ur response urgently cos they just removed a large amount of money from my account. i contacted their staff and as usual with their poor customer service instead of talking to me directly they opted for mailing me as against my wish. when i tried the number severally immediately after they gave me the mail option, the number refused to go tru.pls help me i suspect some fornm of fraud here!

Hmmmmm

Aks:
Diamond Bank MD, Alex Otti resigns to contest for Abia governorship

This guy must have a drummer somewhere frantically pushing him to the dance floor. Hope he knows what dance steps it takes to win this brutal competition.

MallamKolo:
Walahi this is a great question

Gaskiya, this is a great observation

Blitz888:
Another jaundice and myopic evaluation... Me think that the players position on this list doesn't truly reflect their rating and as such this can be best described as flawed... No KANU, no Elhaj Diouf, no Van der saar, Mark Viduka, no Essen, Gud Johnson, Alex Song, London Donovan, Tim Cahill, Steven Pinaar....

No Junihno, no Gudjonsen either.

ROSSIKE:
69) Nicky Butt

93) Jay Jay Okocha


Tells you all you need to know about the goats who drew up the so-called list.

You dey mind them? The English press always lionizing their own players since 230 BC; yet at major tournaments those players usually turn out to be cold turkeys with the English national team reguarly getting hammered by teams without players' media-visibility like the Brits.

hopilo:
Thank you for explain what he Buhari said because I was finding it very difficult comprehend Buhari's speech when he pick the form.

Better frefare o. When Buhari unlikely becmes fresident, Nigerians are going to need interfreters to understand his broadcasts.

jachi001:
They shouldn't have sack him. Is ahmodu more better than him?

Amodu is MORE BETTER o...
























Mo' Better Blues, that is.

Keshi's luck finally ran out. You don't win matches by arrogantly keeping away your best materials from your team for very petty reasons.

joedejana:
Union bank does 24%, I'm really serious.

More details, pls because this sounds too good to be true.

There really has to be something wrong with a coach who consistently has petty issues with his players. From Adebayor to Osaze, from Yobo to now Ike Uche, Keshi seems to just show that the term manager isn't something to be applied to him, like it is with most great coaches. He is just an old-fashioned coach. And not even a great one at that. Reading through his explanation I could not see anywhere Ike Uche acted like he wanted to be begged to play. Keshi claims the player called him first and they apparently chatted cordially. Yet it was too much for Keshi to use the opportunity to say:" ol' boy, get ready o. Your name is on my next list for South Africa." Instead, like an inept manager, he tells a subordinate to ask Uche if his travel papers are available. Like Uche did, if I were in his shoes I would have asked that same subordinate what he was talking about. Obviously, Keshi does not know Nigerians playing football abroad are also professionals. He assumes they are schoolboys he could deal with at his own whims. But I've got news for him: the vultures are already circling. His hubris will be his great undoing. Enough said.

I agree. Maka ndi uta.

Dexterax:
@Agbalowomeri...

Kindly track this Amos fellow to ensure its all about business.

We need players with experience and commitment, not those who will be invited to the national team and they'll be forming big boyz. If you ask them to run or chase a ball, they'll think you are insulting them. Meanwhile in their clubs they are willing to run one kilometer if they are told to run just 100 meters.

Stelvin101:
If u see Martins as an old man. Wetin u go call Drogba who is still playing for big club like Chel :Psea? Keshi abeg call am oo. We need players with experience, not all these small boiz with fish brain playing rubbish football

Cuche: Are you nuts? They are not on the same intellectual plain. We were reliably informed that Peter was a dull brain from CKC to UNN, it was the same story. The moment Obiano came in he showed that natural intelligence in managing the State, he knows what to do at every turn unlike Peter who go about donating money.
Forget ANIDS, minus roads which I dare say are substandard Peter did very little, and he's always quick to say he was busy planning for 6 years and saving money in 'Fidelity' bank. Now where is the money he saved? Obiano being a grateful being does not want to expose Okwute

Bros, why do you keep wasting your time in beer parlours where you source for news and information heavily coloured and diluted by the quantity of "palmy" and cheap beer the informant has already consumed? You say you were reliably informed, abi? Did they also reliably inform you that CKC Onitsha in the 70s was a top school famous for its educational standards and you didn't pass into it with beer parlour-type brains. Ditto for UNN in the late 70s and early to middle 80s. By the way, how come Obi "the dullard" was so dull he managed to be the boss of Obiano at Fidelity bank for several years before he also became the boss that helped him to power. So much for your reliable information and "dull brain."

FreeGlobe: These hired Peter obi minions everywhere. if I ask you now to state in clear terms what obi did in 8 years, you will start beating about the bush with the familiar Peter obi propaganda. Obiano has not flagged off any new project? How about the 2 flyovers in Awka? ogbunike cave, roads etc?

It's easier for a camel to pass through the eye of a needle than for a blinkered man to see the monumental achievements of Obi in 8 years of a stable rule in Anambra during which kidnappers both big and small and all those who had all along tried to make the state ungovernable because they lost out of the state's federal allocations that they thought were their birthrights were kept quiet. Secondly, I am sure you are unaware that Anambra public schools are now probably the best in Nigeria since Obi launched his educational revolution; so much so that the state has now topped WAEC's SSCExam's performance two years in row and with every sign that it will continue in the foreseeable future if his successor will be ready to improve on it. I don't even want to talk about the roads that now connect every town and village in the state and make a trip home for all Anambrarians such a pleasant driving experience. Or about the hospitals and healthcare centres in all communities in Anambra. Or about the end of insecurity evidenced in the dismantling of Bakassi Boys and the total onslaught against the properties of kidnap kingpins. You still wanna hear more?

emeraldlife: For all the hatred i have for Peter Obi, i must confess he did very well. He may have overlooked Awka as a capital (obviously am from awka) but he won my heart for being true to his propaganda

How come someone who didn't perform became the first man ever to govern Anambra for two consecutive tenures of four years and ended up with the kind of sendoff he got (another first by a departing incumbent) that physically attracted the likes of Dangote and Okonjo-Iweala who showered him with plaudits like a confetti? Make una dey there dey hate while Obi continues to quietly grow from strength to strength.

FreeGlobe: When you perform, ndi Anambra will rally behind you irrespective of political differences. People abandoned Peter obi because he didn't perform, forget all his propaganda

If Obi didn't perform would you have Obiano as his replacement? I am sure you voted for Ngige to replace Obi. Ndi anya ufu.

bigiyaro: Nice one op. The earlier Nigerians discover that attending University or tertiary institutions does not guarantee success or wealth the better our country will become.

Not so fast, bros. If a list of those successful ones who did go to university is compiled in comparison, na you go come keep quiet o because dem go reach hundreds of thousands.

bigiyaro: Nice one op. The earlier Nigerians discover that attending University or tertiary institutions does not guarantee success or wealth the better our country will become.

Not so fast, bros. If a list of those succesful ones who did go to university is compiled in comparison, na you go come keep quiet o.

Haba blos. Ndigbo have always asked for melit since 1914. And it has arways favoured us when melit is the main criterion. I still wonder why hall the yorubas who can't deal with competition halways react the way you just did when they hare given an halternative view.

Steadmann: Yeah,

When it favours your people, it's MELIT.

I got it.

Cheers.

Bros, you have a point with your reference to the Presidential scholarships and the dominance of the Yorubas in it, even though truth be told Igbos are the next largest bloc of recipients. But using the scholarships alone to determine the educational statuses of both ethnic groups may be misleading in my opinion. I think a more inclusive analysis should include the total number of Igbos in secondary schools and universities in other states of the country including Yoruba states relative to the number of Yoruba students in those schools and in those states including Igboland. When you view it from that prism you'll begin to get a clearer picture, I think.

0merta: It ain't about ratings, aroma or price but about LOYALTY! Hennessy till I die! My Nigger, Tupac loved Hennessy too, you know!

How dare you use WAEC results as a yardstick? With the number of special centres discovered in Anambra and other South eastern states?

Don't you think parameters like the annual NUC ranking of Nigerian Universities and the Presidential Scholarship Scheme for Innovation and Development (PRESSID) would be better yardsticks?

If you listened to President GEJ's speech earlier this morning, he reiterated the fact that the PRESSID scheme is based purely on merit and outstanding academic excellence, whose Scholars are given full scholarships to study in any of the top 25 best universities in the world.

Well, in case you don't know, Yorubas had 54% slots in the 2014 Presidential Scholarship Scheme for Innovation and Development (PRESSID), with the rest of Nigeria sharing the remaining 46%? In the 2013 maiden edition of the scheme, 70% slots went to South westerners, and the rest of the country shared the remaining 30%.

With regards to the NUC ranking of federal, state and private universities, you know the South west always come tops year in year out...from time immemorial!

Bros, nowhere in the world is the VC position given stricly to the most senior academic in a particular university. It is also usally not strictly for the most brillant. Or else only Nobel Prize winners would be VCs abroad. So your argument is weak on that score.
As for the alleged cronysm of Zik in the Dr Dike, it is really laughable. UI in the late 50s and early 60s was peopled by mostly expatriate academic staff and merit was still the order of the day. Only the man who combined strong academic credentials with an acknowledged leadership quality could have emerged. And he happened to be Dike.

Steadmann: This matter has been debated several times here on nl

The most senior Nigerian Prof at U.I then was a Yoruba(I have forgotten his name).

But because Igbos(Zik of Onisa) and Hausas(Balewa) were the ones running the affair of Nigeria then, Prof Dike was appointed as the VC of University of Ibadan.

VC position has always been a political appointment till now.

Google is your friend.

Don't start unnecessary arguement.

Abi you've forgotten the Chinua Asebe statement that Yoruba was ahead and Igbos later caught up(according to him oooo, he made sure he caused confusion before he kpaied).

Anyway,

Enjoy yourself. It's your keyboard.

Cheers.

Chukwuemeka Odumegwu-Ojukwu - the man who saw tomorrow. Wole Soyinka - the man whose implacable opposition to injustice and tyranny is both ever-lasting and universal. Chinua Achebe - the man who spoke bitter truth to power regardless of whether that power was European (Western) or local (Nigerian.)

Unfortunately, these are now almost all our ancestors. Whatever happened to our generation and the unwillingness to be heroes and heroines?

"Common sense revolution" indeed. The type in which ALL Nigerians will each have their mums as Iyalojas and when she dies they'll deliberately replace her with their daughters while also in the process wangling in their wives and sons-in-law to displace and replace some other incumbents as the representatives of their constituencies at the state and national assemblies. Common sense revolution indeed! We don hear.

Charlesnerd: I don't have Skye in my portfolio,but I have some tashere units of Fidelity I bought during their IPO and I can class it among the underperforming stocks I've owned.

The "cowboys" in the bank operate on a different level - they corner the state funds,deposit it in their bank and sell a lie to the masses that they are saving money for the rainy day,they in turn loan the money to themselves and their businesses and to be honest,very viable businesses.

At the end of the day,the masses are shortchanged,the shareholders get no reasonble return ,but the directors live large and grow their businesses.

If a bank gets N60 billion free and assured deposit for 4-8 years,with almost zero percent cost of fund and the bank is still not growing ,then something is definitely wrong somewhere.

Why don't you just call Peter Obi by his given name instead of all this incantations?

Funke Osibodu is looking for cheap labour again after flushing out the experienced hands she had.

nsche: Benin disco on point

dsonofmaan: I know a lot of you are gonna hate but this album is
'FAT', wizkid is just the orginal superstar.

My fave song on the album is "Murder". Maleek Berry killed the beat, Wale 'murdered' it and wiz showing great versatility...#Amazing...

Ojuelegba and Jaiye Jaiye are my favs.

A photocopier that reproduces $1000 bills as genuinely and with all embedded security features in the original as possible.

Only someone cocooned in his hideout in one hidden part of Nigeria and so does not know what goes on in other parts would blindly omit UNN from a supposed list of Nigeria's 10 most competitive universities in terms of admission. All he deserves is pity for his insularity and ignorance.

toyetade: People like you are the enemies of this nation. You look at everything in the eye of ethnicity. Let the law takes it course. The man should be probed and if found guilty he should be made to pay back whatever sum. At least Nigeria stands to benefit if he refund the money and will teach others lession

On the contrary, it is people like you who are the bigger enemies of the country because you chose and select which corruption is probe-able because of where the corrupt persons hails from. Even for sake of argument we admit that Ihejirika was corrupt, is he more corrupt than OBJ, TY and IBB all of whom are generally known to be multi billionaires despite tbe fact that all their lives in the army they depended on only their military salaries and allowances. Nigerians with their stu.pid selectivity.