₦airaland Forum

Habbeyy:
to die self no easy. He ran out of the hotel room after drinking the sniper. This is sad and funny at the same time.

Nokio2:
,which Kai rubbish hospital b dat
If better patient come make Dem give am that oxygen o..
This boy suppose dey receive him own treatment for mortuary..
Abeg anybody no d guy
if him sniper remain make him help me mosquitoes wan finish me for this Lafia heat
Water pia pia wey I dey use because of balablu economy,e come b like na energy drink for this mosquitoes o..

Omoapena:
The way this young boys drive its as if they have extra life at home..

Stocks with unusual high volume today

essentialone:
Okitipupa Plc is most likely

I will try and get it but offers are not available for now

Which stock do you think will move from Nasd to NGX?

I bought cscs at 23/share

Willie2015:
Betaglass now N=86.50
Munching my pop corn in one corner smillin
Still on bid

I valued it at 90 3-weeks ago. I think ositadinma says it can go as high as 170 abi 190 sef, have forgotten.
The value band is between 90 to 170

yMcy56:
NNFM
Now @73.20!
It's well o.....

Who is dulling JAPAUL around this time self?
Including Loco's CHAMS?

My valuation for NMFM is 100/150 based on their eps and low p/e. Tried buying it around 40/50 but no offer

essentialone:
*If someone is not replying to your chats or messages, just message the person, "Send your Account Number". You will be surprised the total number of nonsense people we have in Nigeria.*

LordAdam16:
Happy New Year, emma!

Trust you're well.

-Lord

I am fine bro and you? how is family? work/biz?

essentialone:
*FIDSON HEALTHCARE ACHIEVES 27% GROWTH IN FY 2024 PRE-TAX PROFIT AS FULL-YEAR REVENUE HITS N84 BILLION*
Fidson Healthcare PLC has reported a full-year pre-tax profit of N7.5 billion in its recent unaudited financial report, published on the Nigerian Exchange (NGX) on January 30, 2025.
This represents a 27.31% increase from the N5.9 billion reported for 2023, with fourth-quarter pre-tax profit reaching N2.3 billion—an increase of 282.35% from the N627 million reported in the same quarter last year.
In terms of revenue, Q4 saw an increase of 92.96%, totaling N24.4 billion compared to N12.6 billion in the same quarter last year.
Overall, total revenue surged by 58.70% in FY 2024, climbing from N53 billion to N84.1 billion, primarily contributed by ethical goods, which made up 65% of sales, and Over-The-Counter (OTC) products, which accounted for 31.3%.
Key highlights
1) Administrative Expenses: N8.7 billion, +33.31% YoY
2) Cost of Sales: N49.2 billion, +54.09% YoY
3) Finance Costs: N5.4 billion, +161.38% YoY
4) Finance Income: N60 million, +160.87% YoY
5) Gross Profit: N34.9 billion, +65.69% YoY
6) Operating Profit: N12.9 billion, +62.17% YoY
7) Other Gains: N636.7 million, +28.11% YoY
8.) Pre-tax Profit: N7.5 billion, +27.31% YoY
9) Revenue: N84.1 billion, +58.70% YoY
10) Selling and Distribution Expenses: N8.1 billion, +46.37% YoY
Commentary
Fidson Healthcare reported a full-year revenue of N84.1 billion for FY 2024, marking a year-over-year increase of 58.70% from N53 billion in FY 2023.
1) The revenue composition shows that ethical goods accounted for N55 billion, or 65% of total sales, while Over-The-Counter (OTC) products contributed N26.3 billion (31%), with Consumer Healthcare Products making up the remaining N2.8 billion.
However, the cost of sales rose by 54.09% year-over-year, totaling N49.2 billion, up from N31.9 billion in the previous year.
1) The costs associated with ethical goods and OTC products represented a substantial portion of these expenses.
Despite the increased cost of sales, the company’s gross profit surged to N34.9 billion, reflecting a year-over-year increase of 65.69% from N21 billion.
Fidson’s ‘other gains’ increased by 28.11% YoY to N636.7 million, up from N497 million the previous year, primarily due to N468.6 million in amortization of government grants and N153.7 million from scrap sales.
However, administrative expenses rose by 33.31% year-over-year, and selling and distribution (S&d.) expenses climbed 46.37%, with sales expenses representing 53.4% of the total S&d. expenses and logistics accounting for 39.0%.
Despite these cost pressures, the company recorded strong operating profit of N12.9 billion, a 62.17% increase from N7.9 billion reported in the prior year.
In contrast, finance costs spiked by 161.38% YoY to N5.4 billion, largely driven by rising interest on loans and other financial liabilities.
However, finance income saw an increase of 160.87%, reaching N60 million compared to N23 million in 2023, entirely attributed to interest earned on loans and receivables.
Ultimately, Fidson Healthcare reported a full-year pre-tax profit of N7.5 billion, reflecting a 27.31% year-over-year increase from N5.9 billion in the previous year.
Asset position
In FY 2024, Fidson reported total assets of N73.3 billion, reflecting a significant increase from N61.9 billion in 2023.
1) Non-current assets for 2024 amounted to N25.6 billion, up from N23.7 billion the prior year, with property, plant, and equipment constituting a substantial portion at N24.8 billion.
2) Current assets also saw growth, reaching N47.6 billion compared to N38.2 billion in the previous year.
3) This increase was primarily driven by inventories, which totalled N23.9 billion, and prepayments, amounting to N12.5 billion.

The break-down is good but at the end of the day, you have to value it and give a number else, it won't make much meaning to the average investor.
How much does Fidson worth after the financial breakdown?

BabsO2:
Maybe they are loading turn by turn and not in one go. Surprised I didn’t see breakdown of what was added and when. Perhaps they will load that later too.

Checked my cscs account and noticed my Access RI has been credited to my meristem account but on checking my meristem account, it hasn't reflected. What should i do?

LordAdam16:
At the end of January, Secretary of State, Marco Rubio made a noteworthy admission.
It flew under the radar for the most part.
But it is easily one of the most consequential utterances by a US SecState since the end of the Cold War.



https://www.state.gov/secretary-marco-rubio-with-megyn-kelly-of-the-megyn-kelly-show/

Pansophist started this thread in Aug 2023.
In less than 18 months, it's done.
The Americans accept multipolarism as the de facto new world order.

Pansophist, you'll need to decide the theme of the thread going forward.
The multipolarism vs hegemonism contest is over.
The Hegemony tapped out.

We're switching to an era of full-spectrum Great Power competition.
A radically different proposition.

-Lord

spicyuzo:
Today I officially join this race, and declare that It shall end in praise. Amen

Thanks @GraciousWords for the very comprehensive compilation. God bless you

Bro, pls can you guide me on how to go about it?

luminouz:
Boss...I'm having fun jare ..

Make I pepper them well before I go offline small🙂

I understand bro.
Abeg catch cruise small

luminouz:
Again..it's always about money to you lots. Don't you have shame? Everything has to revolve around money to make sense to you. How in hell do you know which country I am or how much money I have in the bank? I'm talking about values, integrity,honesty, good heart and peace of mind that comes from women who are not using men for papers and you think it's money or travel experience I lacked?

How does your generational waka-waka experience affect your attitude to your men? Or being to 20,000 countries show that you are a good woman?

Why dafuq am I conversing with these set of potato-heads nitori olorun?

Shogunxxxx:
They will be fighting over natural resources like they know what to do with it🤦

Africa and resource curse!

ositadima1:
Financial Analysis of Chams Holding Company Plc for FY 2024

1. Profitability
- Revenue Growth: Revenue surged by 53% (from ₦9.47B to ₦14.51B), driven by core segments like Printer Solutions (₦7.31B) and Card Personalization (₦6.48B).
- Gross Profit Margin: Improved from 22.5% (2023) to 30.1% (2024), indicating better cost control or pricing power.
- Operating Profit: Jumped 137% to ₦1.89B, reflecting operational efficiency despite rising administrative and staff costs.
- Net Profit: Increased 218% to ₦1.30B, with basic EPS rising from 4.53 kobo to 23.07 kobo.

2. Liquidity & Cash Flow
- Cash Position: Cash reserves grew by 26% (₦1.88B to ₦2.37B), though operating cash flow declined to ₦387.5M (from ₦533.9M in 2023).
- Working Capital: Receivables increased sharply (₦3.93B to ₦6.77B), raising concerns about collection efficiency. Inventory decreased by 62%, suggesting better inventory management.

3. Balance Sheet Strength
- Total Assets: Increased by 12% (₦18.91B to ₦21.08B), driven by investments in PPE (₦7.39B) and intangible assets.
- Debt Levels: Long-term loans nearly tripled (₦783M to ₦1.99B), pushing total liabilities to ₦10.12B. Leverage ratio (Debt/Equity) rose, indicating higher financial risk.
- Equity: Total equity grew to ₦10.96B, but retained earnings remain negative (₦1.11B deficit), though improving from 2023 (₦2.16B deficit).

4. Segment Performance
- Printer Solutions & Card Personalization: Contributed 94% of revenue (₦13.8B combined).
- Payment Systems & Agency Banking: Smaller segments (₦239.7M and ₦475.2M) but potential growth areas.

5. Risks & Concerns
- High Receivables: Trade receivables rose 73% (₦3.93B to ₦6.77B), risking liquidity strain if uncollected.
- Debt Dependency: Reliance on borrowing (₦2.31B new loans) for expansion could pressure future cash flows.
- Negative Retained Earnings: Despite profits, accumulated losses persist, limiting dividend capacity.

6. Audit & Governance
- Unaudited Statements: Results are provisional and subject to adjustments.
- Non-Controlling Interest (NCI): Increased to ₦4.80B, reflecting subsidiary performance.

Conclusion
Chams Holding demonstrated strong growth in revenue and profitability, backed by operational efficiency and segmental strength. But, rising debt, receivables, and persistent retained earnings deficits warrant caution.

Which AI are you using to analyze these financial reports bro? Claudia or Deepseek?

ositadima1:
Financial Analysis of Oando PLC for the Year Ended 31 December 2024


1. Profitability
Revenue & Profitability:

The Group reported a profit of N65.5 billion for the 12 months ended December 2024, driven by the Exploration & Production (E&P) segment (N141.9 billion profit).

However, Q3 2024 saw a loss of N10.8 billion, primarily due to high administrative expenses (N402.7 billion annually) and finance costs (N232.1 billion).

The Supply & Trading segment improved significantly, turning a profit of N61.1 billion in 2024 compared to a loss in 2023.

2. Financial Position
Assets:

Total assets grew by 109% (N3.9 trillion in 2024 vs. N1.9 trillion in 2023), driven by acquisitions (e.g., NAOC) and revaluation of property, plant, and equipment (N2.04 trillion).

Intangible assets (e.g., goodwill, exploration assets) surged to N1.27 trillion, reflecting acquisitions and ongoing upstream investments.

Liabilities:

Total borrowings increased to N2.76 trillion (2024), with significant short-term debt (N1.05 trillion).

Lease liabilities (N8.99 billion) and decommissioning provisions (N93.7 billion) add to long-term obligations.

3. Cash Flow
Operating Activities: Net cash used in operations was N545.5 billion (2024), compared to positive cash flow in 2023, driven by working capital changes (e.g., receivables).

Investing Activities: Cash outflow of N686.2 billion due to acquisitions (e.g., NAOC) and capital expenditures.

Financing Activities: Reliance on debt (N2.27 trillion proceeds) to fund expansion, leading to a net cash inflow of N1.46 trillion.

4. Key Risks
High Leverage: Debt-to-equity ratio deteriorated, with total liabilities exceeding equity (N2.76 trillion vs. N273 billion equity). Interest expenses (N232.1 billion) strain profitability.

Legal & Contingent Liabilities:

Pending litigation (e.g., minority shareholder disputes, arbitration settlements).

Contingent liabilities from guarantees and unresolved tax claims.

Foreign Exchange Volatility: N155.9 billion foreign exchange loss in 2024 highlights exposure to currency fluctuations.

5. Strategic Moves
Acquisitions:

Completed the NAOC acquisition (OMLs 60–63) for N458.2 billion, boosting upstream assets.

Expansion into Angola’s Block KON 13 signals growth in exploration but adds execution risk.

Go-Private Initiative: Ongoing court battles with minority shareholders over the N7.71/share buyback scheme could delay restructuring.

6. Segment Performance
Exploration & Production (E&P):

Revenue: N416.9 billion (2024), up 229% YoY.

Operating profit: N218.9 billion (98% of Group total).

Supply & Trading:

Revenue: N3.7 trillion (2024), with a turnaround to N70.8 billion operating profit.

Corporate & Others: Drag on profits (N135.4 billion loss), likely due to consolidation adjustments and restructuring costs.

7. Outlook
Upside: Upstream growth (NAOC integration, Angola block) could boost reserves and production.

Downside: Debt servicing, legal disputes, and volatile oil prices threaten liquidity.

Nice break-down bro

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.