₦airaland Forum

osiawa:
Most UK schools don’t truly offer scholarships. They inflate the tuition, then give a “discount” called a scholarship, which only brings the cost back to the original fee. It’s misleading . When you think you’re getting partial funding, but you’re still paying a hefty amount.

My take: if it’s not a full scholarship, don’t fall for it. It’s just a well-packaged illusion.

Hmmmmm

illicit:
Are you actually saying that Nigeria doesn't have unemployment problem but unemployability is the problem?

I wouldn't employ you too...

fashionnisir:
Here are some companies listed in the Blue category on the Nigerian Stock Exchange's Alternative Securities Market (NASD):
- *Financial Sector:*
- *Access Bank PLC*: ₦19.30
- *AG Mortgage Bank Plc*: ₦0.53
- *Central Securities Clearing System (CSCS) PLC*: ₦21.71
- *Cititrust Holdings PLC*: ₦13.50
- *Nigeria Mortgage Refinance Company Plc*: ₦5.50
- *NASD Plc*: ₦19.00
- *Real Estate Sector:*
- *Afriland Properties Plc*: ₦17.78
- *Purple Real Estate Income PLC*: ₦7.47
- *UBN Property Company Plc*: ₦2.10
- *Other Sectors:*
- *11 PLC (Oil & Gas)*: ₦236.25
- *Air Liquide Plc (Oil & Gas)*: ₦8.25
- *CAPITAL HOTELS PLC (Hospitality)*: ₦5.00
- *Friesland Campina Wamco Nigeria PLC (Consumer Goods)*: ₦35.37

Thanks for the update

temi4fash:
Please what is TIP?

Please how do i claim my dividend payments?

The Initiates Plc.

There is a site you fill up your details and they will automatically process it for you at a little cost. Will try and check it up or you can send a mail to the registrar of the stock company you bought

ositadima1:
Most of the revenue/profit growth you folks are celebrating—I've read how Agba is praising the heavy returns in the consumer sector—I have just one question: Have you converted those returns to dollars and compared them with previous years’ returns using the exchange rates of those times? Which one do you think is better?

To me, it looks like we're seeing more money that’s worth much less.

And before anyone launches an attack saying “we spend in naira,” let me ask: how many made-in-Nigeria items do you actually own, aside from a few consumables?

It’s actually quite funny. Someone who used to earn ₦20 million a year before the Tinubu and Buhari administrations could afford a decent car and still live comfortably. Today, that same ₦20 million might only buy a car—if your taste isn’t even that high.

So, Brother t, while you’re sharing all this profitability news, please do us a favour: convert the figures to dollars—using the old rate (below ₦700) and the current rate (around ₦1,600)—so we can make a more meaningful comparison.

Thank you.

If you look at it on a year or two basis, you may not get the big picture.
You have to look at a typical business cycle of 5 years to get a good equity return.
In summary, an average 30-35% return on a mixture of mmf, equity (plus dividends and bonuses) per year will do just fine to hedge naira devaluation and inflation in relations to dollar.
Or a mixture of mmf, stock plus dollar mmf to hedge inflation in your portfolio at a 2:1 will be just fine too.
Have posted the calculations before but will take my time to post one tomorrow when less busy

Bizibi:
it means many Nigerians are not interested in stocks,t.bills and bonds but they are always interested in Ponzi schemes.

I will say the awareness is not there

cnnamoko:
The Opay effect

I told a cashier in G.. that was raising shoulder during naira scacity period, that this big bank hall ll be converted to a museum or better still a poultry farm in 5-10 years time. She was still formimg untop of my unreversed 11k tilll date.

Fintech ll show them shege. Without a single major branch Opay and Moneipoint ll snatch all their customers like how sidechicks do it professionally

Sunrisepebble:

Why you come dey laugh me now sunrise pebble stones?

ndept:
Commendations for your analysis on financial results. However, the current PE of TIP is around 10.67 and not 1.43 as quoted by the company or 3 as stated in the bolded, taking into account that the market price of TIP is 450k, while the eps is 42k

I believe you used the Q1/25 to divide the price instead of using a full year eps to divide the price.
It is either you use the trialing 12 months eps - Q2/24 + Q3/24 + Q4/24 + Q1/25 divide by 4 or you use forward /estimated eps 4 x Q1/25 being the easiest to use.
Your 42k Q1/25 x 4 is 168k for full year but I prefer to be conservative with 1.5 which gives us a p/e of 3

nosa2:
What company is this?

Also please I suspect your analysis is great but the acronyms make it difficult to understand

As per the picture attached, sometimes we have to use the best valuation tool to get a stock fair value.
The common mistake of using P/E ratios every time by investors is not right.
As per TIP company, the company is in the growing stage of business - revenue, gross profit, operating profit and net profit all growing rapidly.
You can use a stone to hit a nail but the best tool is hammer.
you can use a knife or teeth to cut a wire but the best tool is plier.
you can use a knife to unscrew a bolt but the best tool is screw driver.
There are many valuation tools to use but i feel more comfortable using these ones and it doesn't mean they don't have there drawbacks or lapses nor are they perfect like any other tool.
It only raises your chances of been correct.
So the best valuation tools are - price to sales, price to gross profit, price to forward P/E and price to free cashflow ( if positive and constant for some years) because TIP falls between stage 3 and 4 of business cycle - growing and operating stages.
Using the P/S for example - TIP has fluctuated between 0.4 to 1.3 from 2019 to 2024.
Current TTM P/S as at yesterday is 3.0 which is above historic average of 0.6 for me.
But we expect the revenue to grow by atleast 50% in 2025 based on previous performance of 80% per year from 2020 to 2024 and confidence in management to deliver and projected expansion growth.
TTM revenue per share is 0.8. If it grows by 50%,
Estimated FY revenue per share = share price #4.5 x (1+0.5) = 6.8
So, estimated Annualized FY 25 price = New Revenue x P/S ratio = 6.8 x 0.8 = #5.4
You can do your valuation for other metrics and give them a weighted average to arrive at a reasonable price for TIP

nosa2:
What company is this?

Also please I suspect your analysis is great but the acconyms make it difficult to understand

The initiates Pls (TIP) - a waste management company sited in PH.
Sorry about the acronyms, i believe 80% of the monikers on this group understands these basic terms by now to reduce writing stress.
Anyway, let's get down to business -
TIP p/e as referenced from the company's report in picture attached below stated that p/e was 6.8 in 2024 but has reduced to 1.6, i believe as at the time they prepared the report . Trailing twelve month (TTM) p/e
Current P/E as at yesterday when i did my valuation was 3 - current Market price (MP) of 4.5 divided by estimated full year eps ( Est. FY EPS 2025) = 1.5.
Looking at the historical p/e i attached - both annual and quarterly P?S ration fluctuates but the average as been 3 while sector has been 5.
So you can always use a forward P?E of 3 or 5 to make your valuation to give a good implied price ( estimated price)

GP - Gross profit
NP - Net profit
OCF - Operating Free Cashflow
QoE - Quality of Earnings - You compared operating cashflow generated diveide by net profit to see if the company is manipulating what they claimed to have generated.
it is easier to manipulate or pad income statement and claimed to have made profit but what you can manipulate and hard to frame is the actual money in the company's current/corproate account in the bank which is where cashflow report comes in.
QoE that is close to 1 or above 1 when you divide OCF by NP shows that what the company claimed to have made in profit is real but lower than 0.5 or negative, you shouldn't take the earnings or profit made serious.

Streetinvestor2:
I still dey see my own.E no go better for all fbn past ceo way play me street. My saving grace be say I averaged down enough at #6.
Ote wan start him own street. Any day I leave fbn I no go look back like I have done with some stock. They become permanent enemy even if they begin declare trillions as gain

PETERiCHY:
ACCESSBk N2.05k dividend markdown was done before trading commenced yesterday and it still gained 50kobo at close of trade.

On MAY 9th NASCON #2:00K dividend payment will take place Again on MAY 15th we will pocket another decent dividend from ACCESSBK dividend meanwhile LOCO is busy chasing the winds

Our TOP 3 picks for 2025

1) CADBURY
2) NASCON
3) ACCESS BANK ♿

Choose WISELY don't be like LOCO 😜

BARGAIN HUNTERS TAKE NOTE!

Na WA oooo.
Wetin Locomotive Locodemus do una for this thread?

crownprince2017:
The day I gave up on loco was the day he put cwg, etransact and cham in the same category and rate e transact over cwg. I just they laugh that day.

Did you see cwg results....

I'm expecting your comments.

Buy quality not quantity, a whole buffet as to bend his own rule when he met Morgan.


We don't have to hawk our picks, the market will place them where they belongs to with time.

TIP.

MP = #4.5
Q1 eps = 350k
Est. FY eps = #1.4
Current p/e = 1.43
Q1 2024 p/e = 6.8
FY 24 p/e = 1.6
Highest p/e last 5 years was in 2022 = 10.8
Industry p/e =5
Implied price FY25 = #7

The good thing is the growth tendency.
They did 5 projects in Q1 compared to 1 project in Q1/24
They added 3 new clients in Q1 compared to none in Q1/24.
So they are growing and there is still room to grow.
Rev up 282% to 1.2b
GP = 50%
NP = 25%
Working capital increased 293% to 1.38b
eps growth of 376% from 7k from Q1/24.
OCF = 964m which give QoE of 3

BetaGlass Q1/25 eps = #16.66
Est. FY eps = #66
MP = 99.85
5 years median p/s = 5
implied FY price = #330 but to be on a safe side, 30% margin of safety to give #230

Vitafoam H1

Eps H1 = 501k from (-468k)
Q2 eps = 294k from (-607k)
PAT H1 = 6.7b from negative PAT previous H1/24
Q2 PAT = 3.88b from (-7.46b)
Current Market Price = 52.8
Currentp/e = 5.3
Historical avg p/e = 8
FV = #80

crownprince2017:
To you, it's hopeville, to me it's an investment that have higher chances of making me a billionaire, it may take time to happen but the chances of it happening is higher.

Remember buffet statement, if you buy what is popular often time, you wouldn't do well enough.

I have done the physical DD of the farm via a Friend and we like what we see n are ready to wait it out.

Ellahlakes looks like hopeville now but many will be surprised very soon.

Loco calls on multiverse comes to mind, people are still trapped, loco is trader an investor must avoid his calls.

Agba, boys are still expecting gt at 5, I hope it will still happen, I I'll also stake my gain from ellahlakes to buy that one too.

I believe in ellahlakes too.
I will position there next week for 1 million units for long term.
I believe they will spring up between now and 2027-2028.
It is better to be in the bus when there is still seat before it starts moving

Agbalowomeri:
Baba you still dey draw graph

This season na for FA

Even Agba don drop TA face FA.
In this business, as e dey turn na to turn follow am.
E get where e go reach, you turn to Spiritual Analysis, Gut Analysis, Dream Analysis etc

SonofElElyonRet:
Loco beru Olorun o

thebargainhunte:
It is about to turn into Charcoal

CaveAdullam:
Kudos, chief.

Happy New Month of May.

Wish you the same bro

Agbalowomeri:
Baba you still dey draw graph

This season na for FA

Nazgul:
Of course they do get married. In fact if you attend the wedding ceremony of a guy who earns 200k, you'd be shocked. You might doubt that he actually earns such amount.

Because he planned his wedding properly, using committee of friends, groups he belongs to, church donations...etc. With all these groups behind him, his wedding might be the talk of the town.

Agbalowomeri:
Las Las Aliko go sell Dangsugar plus the shareholders to Chinese the same way he did for Dangflour

Agbalowomeri:
You sef don carry emotion join body. PRESCO will deliver another 100% and ELLALAKES will still be dancing palongo in hopeville Lol. Chop the food wey dey ground now and return to the other when e don don

190:
una get time sha!

to de pursue woman!

U know how many women i don change since my ex days for uni

I don even forget wetin dem de call that one sef


Wetin i even see for that girl body is beyond me!

Veery local

When you come, you come to your senses

Agbalowomeri:
This eterna will enter loss for year end. E no get choice

HesInMe:
Better business... Presco's net profit margin is double Chams' gross profit.

Madd ooo

HesInMe:
Lol. At least you don finally reach the 7th stage of grief:

Shock > Denial > Anger > Bargaining > Depression > Testing > Acceptance.

While not necessarily a joyful or happy stage, acceptance is where individuals come to terms with the reality of the loss and begin to move forward, finding a new normal.

Nazgul:
That money won't even be enough to transport you and your people to go and see her parents.

But people with 200k salary will still marry now

Thanks Kipaji for the hardwork