₦airaland Forum

Uba plc 5 year/ q1 2019 & 2020 analysis...

@Seyisanya

Where have you been? Been a while you said anything here...

I see you in the shadows though...

zimams:
Not exactly....
Nigeria has taken a production cut like other OPEC nations to bring about this $40. Based on the production cut we are down to less than 300 million barrels per day as against 1.1Billion per day before this wahala started. So Nigeria is making far less revenue than before.

Just for the record, production cuts aren't this deep.

"As a result of the output cut, Nigeria will now be producing 1.412 million barrels per day, 1.495 million barrels per day, and 1.579 million barrels per day respectively for the corresponding periods in the agreement; as against the 1.829 million barrels per day of dry crude oil that was the reference production in October 2018."
https://nairametrics.com/2020/04/10/opec-deal-nigeria-to-cut-oil-output-by-22-to-1-4mbpd/

megamart247:
emmanuelewumi and meine are doing the works of their father which is the devil but they can only deceive the gullibles and unsuspecting investors.

I don't think statements like this should be condoned here...

You might not be able to choose whose advice you listen to but you can certainly choose whose advice you follow...

If their recommendation does not suit you, leave it and pass. Attacking the person helps no-one...

arduino:
Jegede Oil on full bid!!!! 10% already. Wonders of NSE.

No wonder there was some heavy buying a couple of weeks ago...

https://nairametrics.com/2020/05/31/want-to-be-like-warren-buffet-here-are-the-secrets/

Very interesting read...

DrAwo:
The Nigerian beer market is facing stiff competition from the imported spirits, wines and vodka which the younger generation who drink tend to align more with these days...

The 3 major brewers (NB, IB and Guinness... In no particular order) are also jostling amongst themselves for market share...

They need to start thinking of diversifying...

stcool:
Oracle what seems to be the major issue with Guinness, I know their imported spirits is doing well in the market.

Or people no dey drink origin again

If you read the discussion that followed my post above I believe you'll get a cleared picture of the problem the breweries are facing as a whole...

For those in the Vitafoam bus, enjoy your loot...

The company seems to be enjoying a breakout year. The question you need to ask yourself is "why is vitafoam flying and how sustainable is it?"

Q1 saw EPS double year on year. Q2 also did the same. A closer look at the numbers however show reduced revenue in both quarters so the company didn't make more sales but is making higher profits...

Cost of sales declined significantly in both q1 and Q2 2020 as compared with 2019. Looking as the notes to the financial statements show that their raw materials were bought cheaper year on year.

A Google search shows polyurethane (derived from crude oil) as a major raw material in foam production. So you see where this is going - the massive drop crude oil price was a big blessing for vitafoam...

Expect a good q3 too as crude oil prices are still down year on year but don't expect the party to continue forever. Oil prices are rebounding.

Dont be the one holding the empty cup when the music stops....

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/30131_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

At a price of 2.9
PE ratio 2.2
Debt ratio 67%
Debt/equity ratio 207%
ROA 6.61%
ROI 26.44%
ROE 20.2%
Book price 6.4
Price/book ratio 0.45

You can decide if its a good result or not...

Mcy56:
Wapco is warming up.......others in the sector are doing well.....
CAVERTON : board meeting was yesterday, result may surface over the weekend.....don't know why I'm optimistic about their 2019 FYE.... and I'm not a fan....

Hmmmn

A wise man once said "Delayed results are almost always decayed results. "

Caverton, please prove him wrong for my sake...

meshpips:
That price is the Volume Adjusted Price for this week.

Zenith has a cumulative net sell volume currently. So if it hits the level and closes next week with a bearish body, it will CERTAINLY go down to retest the 11.90 support.

Thanks for this and for always sharing your thoughts irrespective of the reception it gets...

I've added volume adjusted price to my 'things to learn' list...

meshpips:
ZENITH will face its litmus test today.

Let's see what happens after it touches 17.44

If the next week closes with a bearish body the we will of necessity see 11.90 and possibly lower.

All the best everyone!

Good day boss...

Just had a look at the charts...

There's a resistance at 17.40 thereabout but I'm not sure it's a major resistance... Maybe I'm not looking at the right time frame or using the indicators you used but can you throw more light on this...

#iAmLearning...

Redstar express....

Silently doing the deed...

Caverton offshores' Board meeting 21st May (Thursday) after which FY2019 and possible dividend will be declared...

Still waiting for NAHCO to announce the date of theirs...

Fingers crossed...

leo1234:
Compare WAPCO and UBA Q1 report.

Uchetoba:
Things with over 200% growth are yet to rally. Let's see how goes this week.

Would be helpful if you were explicit...
Don't make me start doing a vertical analysis looking for wetin no lost Abeg...

http://www.nse.com.ng/Financial_NewsDocs/29950_NPF_MICROFINANCE_BANK_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29951_NPF_MICROFINANCE_BANK_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

EPS 35k
Dividend 20k

This guy has become a heavy weight...
Kudos...

CAVEAT: This is not a serious post. Be warned...

Something is 'paining' me...

It is doing me one kain one kain... Please if anyone knows the MD, CEO or Company secretary of Presco and Okomu oil palm, help me remind them that we are in the 21st century...

Each time I try to read through their reports, the impression I get is that they went to type it across the street at a business centre and then sent the photocopy to NSE for publication...

Haba... Let them buy computer for their secretary. I'm sure he or she will do a better job at producing an aesthetic report rather than the business centre operator.

Thanks

ositadima1:
Can you do that on yours? How do you do it.

Note, I have chrome, puffin, Mozills, UC, and opera.

I use chrome.
If you click on the little triangle beside the stock ticker, then click on market orders and then select if you want it displayed by price or by order...

Mr or Mrs/Miss systematic redstar express dumper is back at it today...

NEVER less than N2.8 and never more than 99,500 units....

debeey87:
It will likely close at 3 naira. 100,000 unit was transacted in one of the trades at 3 nairan

Yeah... That's the exact point... After securing that price move someone started steadily offloading at 2.80 with maximum units per transaction of 99,500...

What do I know though...
We wait for the results in July...

NSE ASI goes above the proverbial 24,000...
Lets see if it stays up there and if the NSEMPA famous 10 10% has come to stay...

DeRuggedProf:
Sterling. Masquerade MM..

Its probably a bot that places those trades...
No one will have the time to manually place each of those trades...

DrAwo:
Redstar express is pulling some serious volume today...
Interesting...

There is more to this than meets the eyes... Someone is possibly smartly dumping his/her position here in a way that wouldn't affect the close price for the day...

There is something fishy here...

Caverton on full bid...

Redstar express is pulling some serious volume today...
Interesting...

Round 2 starting gradually...

Momentum seems to be slowing up generally now...
Gtb still firing on all cylinders....
Round 2 in the making

Zenith bounced off resistance at 15.95...
We'll see if it can retest that level again today...

Market on steroids...

@Pa Emma...

At what value monitarily would you advise that one diversifies his/her portfolio from being stock/shares only to include other vehicles such as bonds and treasury bills?

Anyone with informed opinion can answer as well...

Thanks