₦airaland Forum

goran3310:
From this forum. Everyone likes that term for prostitutes. 😊😊

goran3310:
No. Really not. Sex, yes. But love, no. I am alone. It will stay that way. I often think about love. Love is so beautiful. I know what is love.
No.
Only sex.
No love for me.
It"s over.
Only Andjelina olosho(very hot and sexy) 2 times a week. 🥺
No love.
I was born alone. I will die alone.
No.Can't buy.

Olosho? where did you get that from?

goran3310:
Very likely. Everything depends on genes. I'm sorry but that's the truth. Genetics is almost everything.

Hmmmmmmmmmmm

tensazangetsu20:
Why tell us on Nairaland. Why not just take the next flight to Nigeria. It’s a 6 hour flight.

robobo:
I beg make dem just hold d tin till late on Friday so that the vexation to dump am go reduce small over the weekend

Omooloriredade:
Really? You reckon an EPS of N15.27 is impressive for a stock trading at N415?

That's a whooping PE of 27.18 at FYE. Why don't you compare with other companies in the same industry/sector to see if it's actually impressive or not? #Sector analysis o.

You send N415 on an errand and it returns with N15.27 earning. The bar has really been lowered sha or am I missing something?

I didn't even check the price to know the P/E

chimex38:
They improved na..
From Negative ₦2.73k to
Negative ₦2.72k Y-O-Y


They even removed 1 person from the labour market Y-o-Y

Youngzedd:
BUAFOODS

Impressive

18% net margin is cool.
Good result

Bagwa:
Honeyflour

I don't like stocks with extremely low margins.
Profit of 8.8b from a revenue of 277b is a no no for me.
3.2% net margin.
God forbid

nosa2:
Abeg what is OFC and CCI?

Sorry.
It is OCF - Operating Cash Flow
CCC - Cash Conversion Cycle

Sunrisepebble:
Vitafoam on full bid

It will and it should but there is a long-term problem on the horizon. For short and medium-term profits, it's okay

NNFM -

They sold 29,534mt of products in 9M/24, 2,590mt lesser than 9M/23 of 32,124mt.
Despite the lesser sales, they made more revenue of 29.6b than prior 9M of 21.8b.
They have been able to raise the selling price in such a way to maximize sales without hurting the revenue, but it reflected in the inventory - a 300% rise in inventory to 16.5b from 5.1b says it.
They sold 7160mt of products in Q3/24 to generate 8.5b revenue. It means inventory at 16.5b, the company can afford to sell their products for 2 quarters or 6 months (Q4/24 and Q1/25) without producing anything - Just send the workers home for 5 months.
Coupled with the fact that semolina or semovita has 6 months average best before or expiry date, it means they already have products that may be due to expire in store, before factoring in getting to wholesalers, retailers and final consumers.
It is either they slow down on production or expand their market share to sell more products.
P/E of 3.8x is low compared to peers and compared to her history, so we may see the share price go to around 100-150 per share all things been equal in a short time.
A note of caution - the OCF negative 1.7b. Checking the CCC, it was impressive. 13 days to sell and convert your inventory to cash but the large inventory is causing it to be negative.

nosa2:
Does anybody know why the distribution expenses dropped?

I dont think this is going to be sustainable. If it is just a one off then the result is not so good

I think it is the advert.
They increased their advert expenses to 95m from 2.6m while reducing their selling expenses from 3.18b to 220m. I think it paid-off.

Raider76:
Petroleum marketing is actually a very low margin business. What kept these companies going are the side wuru wuru of import of substandard products ar inflated prices for NNPC, inflated subsidy payments, bridging charges, high artificial prices through the creation of scarcity, and the chain of black marketing petrol stations along interstate highways. All these sources of arbitrage have now been blocked, except the import one, which they are sustaining, by fire by force, with the collusion of their NNPC partners.

So, I expect that the fundamentals of companies like MRS, Total, Conoil and Eterna will not support their current market prices going forwards unless they diversify.

I totally agree with you, though i don't like low margin stocks

wadijoo:
Yes it's compulsory. It serves as an evidence of payment especially this new AVITS mode of operation.

Where will i get this evidence of payment? Is it the teller from the bank?

Deadlytruth:
Taking companies' forecasts seriously is suicidal. I have never seen any forecast in which the company projected a loss for itself.

Hmmmmmmmm

Streetinvestor2:
What could cause this heavy difference for the last quarter based on thr initial projection

Culprits - Inflation

- finance cost of 9.96b from 4.57b prior year
- Admin cost of 19.2b from 15.2b prior year
- Cost of sales rose to 226b to generate 248b compares to 188b to generate 213b revenue prior year.

From the results have checked so far, i think Ikeja Hotel, Japaul and euinesell are stocks that tick my box for jijo for 50-100% profit within short to medium term.

emmaodet:
Total inventory rose to 152b from 74b, that is a 100% and which is 5X of net profit of 27.8b. That is worrisome.
Q4/24 eps shrink to 117k from 616k despite a 16% increase in revenue of 248b from 213.4b.
A meagre net profit of 416m from 248bb revenue - a 0.2% margin compared to 950m from 213b revenue prior year.

Culprits - Inflation

- finance cost of 9.96b from 4.57b prior year
- Admin cost of 19.2b from 15.2b prior year
- Cost of sales rose to 226b to generate 248b compares to 188b to generate 213b revenue prior year.

A 0.2% net margin is not encouraging and means the company may fall into negative any moment. It has no room to absorb shocks or unforeseen circumstances.

The most disheartening about this report is that Total released a Q4/24 forecast of revenue 238b, actual is 248b which is more than the forecasted.
Net profit forecasted is 5.69b, actual is just 399m. A whooping 93% downside.
Forecasted eps of #16.7, actual is #1.17

Rubyjade:
Which company is this?

Total

ositadima1:
My take.

From the table, we can see COS is too high and NP is too low.
Checking the sector, i noticed it is a general problem - Eterna, Cap Oil, Mrs, Conoil

ositadima1:
Lol, sorry bro, my bad. The data covers total financials from 2019 to 2024. I couldn't fit everything, so I summarized the key points. The metrics under 2024 are specific to that year, while the other columns provide a summary of the entire period.

For example, the 52% represents the compounded annual growth of EPS from 2019 to 2024. The MEAN is the average over this time frame, calculated similarly to summing all gross profit margins from 2019–2024 and dividing by total revenue over the same period. Max and Min represent the highest and lowest values within the six years. For instance, in 2024, 88.9% of revenue was spent on the cost of goods and services—the highest percentage in the period—so it appears under Max.

All the droop values for 2024 add up to 100% because they represent the portion of revenue allocated to each business level according to the income statement. I explained this before—I thought you had read my earlier post a few days ago. Thanks.

Okay.

Thanks for the breakdown.
Now i understand it.

ositadima1:
My take.

Can you explain the picture better for me? I didn't get it bro

DeRuggedProf:
Hope some won't think the figure is fenced to protect the 'wonderful' eps....

pluto09:
Keep it up bro.
Your effort is well appreciated.

Thanks brotherly

Deadlytruth:
Same mindset with me. I have an aversion for physical business especially in the Nigerian environment. Since I entered the stock market in 2003 and realized that it is a business which requires only intellectual energy, physical businesses stopped appealing to me.

Exactly bro

Total inventory rose to 152b from 74b, that is a 100% and which is 5X of net profit of 27.8b. That is worrisome.
Q4/24 eps shrink to 117k from 616k despite a 16% increase in revenue of 248b from 213.4b.
A meagre net profit of 416m from 248bb revenue - a 0.2% margin compared to 950m from 213b revenue prior year.

Culprits - Inflation

- finance cost of 9.96b from 4.57b prior year
- Admin cost of 19.2b from 15.2b prior year
- Cost of sales rose to 226b to generate 248b compares to 188b to generate 213b revenue prior year.

A 0.2% net margin is not encouraging and means the company may fall into negative any moment. It has no room to absorb shocks or unforeseen circumstances.

essentialone:
It is different.

Okay

Sunrisepebble:
Interesting, they made a loss in Q4.
That dividend is super though, N80

I don't think they are declaring any dividends.
Where did you get a dividends of #80? i saw #25/share for FY23

Deadlytruth:
I my own opinion, a person truly enlightened on investment would not run away from it just because of a temporary bad experience. Come to think of it; is there really any economic endeavour in life that gives profits all the time without losses at some point at all? Nearly all of us oldies here got burnt in 2008 but we didn't run away because we had a truly enlightened objective of coming to the market which was to create sustainable wealth. Most of those who rushed in and rushed out between 2008 and 2009 came with the mindset that stock investment was a kind of lottery but got disappointed when the events of 2098 proved them wrong.

Is even doing a physical business any better? it is not as easy too.
I know how much have lost in farming - maize, groundnut etc, vegetable oil production factory i closed down 2 years ago (mechanical issues and power frustration etc) and so many more.
I just feel more comfortable and relaxed with bonds, treasury bills, mutual funds and stocks.
I can monitor it from anywhere in the world unlike physical biz where managers will be eating your money and doing virtually nothing

Omooloriredade:
#Musings only

If Oando goes ahead to buy the refinery in the Caribbean or anywhere else, it will be a terrible decision in my opinion. They are not exactly known as an exceptional or efficient management yet. Even if they are, it's still a bad business decision at this stage.

The upstream and power segments remain the cashcows management should focus on while growing other business segments. Margins in refinery operations are thin. Dangote might be able to squeeze a slightly higher margin than Aradel refinery because of economies of scale but it still won't be comparable to upstream business. Refinery business is not as profitable as a lot of people imagine it to be.


The segment reporting is simple and clear enough to buttress my point. Aradel is focusing on the upstream and experienced the highest growth and margins in this segment. It is an open secret. 13,751 bbls/day in a $82.3 per barrel market. Take advantage of the stable and high prices now by channelling your resources to the business segment that offers the best returns. Good company. That production figure is ahead of Oando's FYE 23 and Q3 24 results. How? Not good enough on Oando's part.

Oando just needs to ramp up production. No excuses.

Good observation.
I like this

essentialone:
For more than 4 months, Afrinvest has kept their website suspended and out of use for their clients. A very useless Stockbroking Firm.

Is Afrinvest also Africa Prudential? if yes, then their app is working. Just delete and re-download the app again