Biafran4life:
let me assume your line of example may have to go with my moniker but I don't mind. Now to more important thing.let take APR whose main business is registrar business but this has made the business PAT to be stagnant.They are moving into ict services for other business to grow the group PAT. And if in future that turns out to be a better earning to the group though it wasn't thr core business. Then capitalize on it as thr strength.will you still view that as a problem. What is ucap core business as an investment bank from your view

You are correct in your own way too.

The point is that all three four companies mentioned so far are controlled by the same individual, and that alone is a big risk.

The transaction between UCAP and Heirs Insurance reportedly took place in 2020. Why are we being informed briefly about it in 2022 Q1?

What are the indepth details of the transaction? who and who were involved? What are the long term implications to UCAP's top and bottom line?

Why the insurance sector? who is it related to UCAP's core business?

its just that Nigeria is a failed state. If not, someone should be facing SEC for this transactions

Why Heir holdings? A company controlled by the same man

Anyways, you know why you bought bro. Let that reason be your guide and may your trade be profitable.

Wapgod:

Mr Tony owns shares in ucap?

You never knew?

UCAP was a subsidiary of UBA before CBN intructed banks to divest from such subsidiaries.

Elumelu still owns controlling shares of UCAP

Wapgod:

The only information in the financial statement was that the investment was done in 2020, UCAP got 25% equity in Heirs Insurance in return for 2.5 billion naira.

Meaning Elumelu bought shares from himself for N2.5B and got 25% equity

This is intra-human transaction

Yet, you want investors not to be wary

When your companies are always buying shares from your companies

Biafran4life:
From what you have stated. Would you have preferred the group to have drop in its PAT than the company instead. I think anyone should be more interested in what the group is doing than the company because that is what you use to judge the business.Infact when a company or subset of the group is not doing well is better to let it go .Or is thr something I am missing in your post.I have seen groups here sell off subset/company dragging it down to become a better business

You are right. If they want to do that, then they should let us know that they are changing their business structure by filing a corporate action.

This is a PLC, not Loco and son's enterprises.

I think you should see unaudited financial statements for what they are; Management's report card, graded by themselves and presented to the public for approval.

Its just like a babe about to go out. She will Makeup for attention until bathroom audits her.

Wapgod:


I already know all this.
My question was when was the 25% stake acquired?

Good question

Biafran4life:
From what you have stated. Would you have preferred the group to have drop in its PAT than the company instead. I think anyone should be more interested in what the group is doing than the company because that is what you use to judge the business.Infact when a company or subset of the group is not doing well is better to let it go .Or is thr something I am missing in your post.I have seen groups here sell off subset/company dragging it down to become a better business

Biafran4life opens a business and registers as a terrorist facilitator. Now, this is his primary business and what he has told the world he is good at.

Along the line, he engages in side hustle of armed robbery, kidnapping and herdsmen stuff. These are side hustle and not his primary business.

Because these are side hustle and not registered as primary lines of businesses, Biafran4life is mandated to also report the income from them as a consolidated entity which means that the income from terrorism, armed robbery, kidnapping and herdsmen stuff are reported as a group while he also has to tell us how his terrorist facilitating business is faring separately.

In Q1 2022, Biafran4life reports that the group income from terrorism, armed robbery, kidnapping and herdsmen stuff increased by 100% but that his income from terrorism dropped by 50%.

Overall, Biafran4life has done well as a group but what about his primary business? This can mean that he has started deviating from his primary business, which is a very dangerous signal to his shareholders (who were told that he is primarily a terrorist).

I hope you get the point now

Heishere:


The company's financials is fine. The revenue increased significantly. Infact, the fees and commission which is the engine room increased by over 100%. The reduction PAT was because of a significant jump in professional fees which I believe to be a one-off payment and general administrative expense. The administrative expense also similarly increased in the group and I am suspecting it has to do with recruitments for newly created Hiers Insurance.

Well, that is your own opinion.

Everyone looks at financials differently and you cant generalize for them.

Fees and commission cannot be the engine room in a Group-Subsidiary relationship sir. UCAP is a company. Heirs Insurance is not its subsidiary.

Going by your explanation, I will sell my UCAP if I have any and watch for more clarity because you just justified that there is an abracadabra that has not been explained.

Not surprised sha. Its Elumelu and his group of companies

seyisanya:
It seems some investors read this report upside down with the way they're dumping UCAP despite this result. Well, this is an opportunity for those who have been wanting to join UCAP to begin to test the waters gradually.

I think they are probably dumping for one or both of the reasons below;

1. They have information about the company that we do not have at the moment, or

2. They are evaluating the result deeper than we are doing here right now.

If you look at the results properly, you will notice that group financials grew, while the company financials dropped. Now, thats a warning sign.
The company is the engine room. The koko of the business

Such a drop in the profitability of the company signals that something went wrong in Q1 but that they were able to pull income from other sources (which we need to find out), in other to boost the group's results.

What do I know self?

Itibolibo like me

gbengafaro1986:
the bulls came out of nowhere right ?

Yes, they did

What a day

BabsO2:


I don't really think it's the confirmation of Presidential candidate for APC or PDP that will cause a downwards re-pricing. But rather further breakdown of law and order beyond what we are currently experiencing. There are more chances the atmosphere will improve.

Watching Ogun State Transportation Master plan live on Channels TV. The future is bright.

I no sabi talk too much. Lets wait and see

BabsO2:
Looking closely at GTCO it may stay low till Q1 results comes out this month. If the results look good and departs from the poor outcome of last year, the price will not stay low again. If the Q1 is not exciting, it is bound to go further down till those dumping it finish (suspect 1 or 2 FPI's is dumping). If Q1 turns out good despite the election brohaha it will resist major price drop and instead creep up slowly as local bargain hunters cherry pick.

Generally, I think the election brohaha and the current country outlook is already priced into the current depressed valuation of most stocks, resulting in very low PE's and PB's. Should outlook change prices will start creeping up slowly. Pray outlook changes for the better and does not deteriorate further.

Wait until Tinubu is confirmed as the candidate of APC and potential president of Nigeria, then you will see the real pricing in.

BabsO2:


That means the good tide started with him. Where was he in the last two years ?

Visiting EFCC and taking naps there

But what is really happening to Caverton Helicopters self?

I mean the kpa kpa kpa stock

BabsO2:


Is it the CEO under which this occurred that is crossing over to FBNH ?

Nnamdi Okonkwo held the Executive Director position until January 1, 2014, when he was appointed the Managing Director/CEO of Fidelity Bank. As the Managing Director, he oversaw the bank’s general activities. His tenure ended on December 31, 2019.

emmanuelewumi:



I thank God for your life, more blessings and growth in all ramifications

Thanks. I thank God too

emmanuelewumi:



Please can you get a life, this is a thread where serious issues are discussed you do not have to agree with people's comments and opinion, the best thing to do is jump and pass

I am sorry sir, but my present life is your dream life.

Thats your life-long aspiration.

shalom

In other news....

This 27million units wedge @ N7.7 in UBA is looking like its going to be there for a long time (MANIPULATED STOCK)

Fidelity just exhibited the quality I was talking about a few days ago about the shenanigans on NGX. How can you explain a single transaction of 40million units at above N3.3, just a few days to result release Someone obviously say the result before everyone else and traded on it.

Zenith/GTCO are presenting a great entry point for interested individuals. People who rushed in because of dividend are stuck in it right now as they are sitting in a net loss position post-dividend. Before they can make a profit post div, the stock has to trade above 24.3.

if you buy now, you already made 50% of the dividend.

You can also wait for it to fall further and make more. Rinse and repeat

onegentleguy:




@ GANDALF, GANDALF1...

Sorry I never knew there wasn't a connection btw the 1st 2 post above (there are even more) and the 3rd below.
But I do know that even a dumb fellow could do better at representing matters and drawing up the right inference.

Anyway, I already said I forgave you (your replicant and cohorts) of everything so no point laying emphasis on whether you are GUILTY or not. ...you were already "discharged and acquitted" before now.
Infact you can even say that I am guilty. ...whatever helps you sleep at night dear!

So pls, kindly move on to more important things!
Do take care of you.

Fake Analyst

meine:
I have suggested to you in the past to stop taking issues too serious, Learn to ignore . This matter didn't get to you and you dey write this much , if the matter con get to you wetin you go write?

Currentprice didn't mock you, his bedsheet was also dragged. Also, Toluway didn't mention you and even if they did every one is entitled to an opinion, its a faceless forum. So just do your thing, those who follow you will follow.

Also saying 60% of posters here are posting for selfish reasons is nonsense, if that's true you must be the leader of that 60% because no one dares challenge your stock picks without you feeling slighted.

Meanwhile, UBA has outperformed Accessbank in terms of dividend payout. You cursed me on this issue months ago, Access has not delivered the goods as you projected. Can you see no one knows it all in this stock market. You've got PZ right though,so kudos to you on that one.

No further comments

GANDALF1:
Market is trading sideways now, you will never see all these fake analysts coming out to quote their previous posts.

They have all muted their keyboards and are viewing the thread as guests. Even to render common account number help is now taking 2 days.

Let small bull surface, they will show up and start quoting posts of 1960 with epistles longer than chapters in the bible.

Funny enough, they have previous posts on ALL NGX stocks to quote about ALL the stocks in NGX (ALL NGX STOCKS ARE RECOMMEND IN THE APPROPRIATE WEATHER ).

las las, una go dey alright!

Such an innocent open post with no name mentioned.

Yet an individual rose to the task and owned it

Multiple explanations, 6 mentions and a forgiveness for crimes I never committed

The guilty explaineth when no one asketh for explanations - Book of Wickedness, Chapter 6 Verse 2

megawealth01:


Name please

if you are asking me for name, then my post is obviously not for you.

The time I have been shouting about has finally come o

He who has ears, let him hear.

Come and take your share of the national cake o

Bonanza! Bonanza!! Bonanza!!!

gbengafaro1986:
im ok with this GTCO/ Zenith Sub 23 entry price.....so im packing it, to the elders in the house, anything i should know before i spend all my money??

I am not an elder in the house but I think you should buy in tranches.

Don't spend all your money in one day.

Nobody can predict where the bottom is

goody234:
OK my learned guys i have 200k where should i put it ...i am eyeing Total and academy press ..ogas in the house we wait

Buying opportunities have started popping up man!

Start looking at investing that your N200k

Peace

By the way, I see a pattern reoccurring in UBA.

I don't know where it will fall to but that stock will test supports soon.

DO NO BUY IT AT CURRENT PRICE!

That's a fluke. If you sort orders by price, you will see the wedge holding supporting the stock from falling. That's obviously a market maker and not a true bid.

Saw same happen last year (I wonder why they don't bring new tricks every year)

Once that wedge is taken off, it will fall like others. MIGHT trade as low as N6.5 or less but no guarantees.

Do your due diligence and have a reason for buying.

Do not buy or sell any share on NGX or any other exchange, because someone you think knows better recommended it.

The true analysts are just humans like you. They look out for trends and predict based on it while others study the financial statements and economic outlook.

Even more, the self acclaimed analysts do none of these. they accumulate a stock pile of posts with recommendations on all the stock in the exchange, so they can fall back on them and say "I recommended it before' later.

Get out of your ignorance. Study the same trends. Study the Financial statements. Come to your conclusions.

Buy that stock because you have a reason to. That's called due diligence. Even when they crowd dislikes the stock, if you see a reason to get it, buy it!

When the tide turns green, your reason will justify your efforts.

If the tide goes against you, always remember your reason for buying and that will help you get through the reds.

Shalom

Market is trading sideways now, you will never see all these fake analysts coming out to quote their previous posts.

They have all muted their keyboards and are viewing the thread as guests. Even to render common account number help is now taking 2 days.

Let small bull surface, they will show up and start quoting posts of 1960 with epistles longer than chapters in the bible.

Funny enough, they have previous posts on ALL NGX stocks to quote about ALL the stocks in NGX (ALL NGX STOCKS ARE RECOMMEND IN THE APPROPRIATE WEATHER ).

las las, una go dey alright!

sonofElElyon:


Just sold all of mine at 98 Kobo

Which bargain sef? 2kobo dividend company

Where is your boss, locomotive, that pushed you into this agbero stock?

I thought he was the best thing to be invented after slice bread?

70years old man Now dem never leave you?

They have left you behind

PETERiCHY:
This what happens when you follow MOTIVATIONAL SPEAKERS to invest in NSE

Been waiting for thissssssss



General Peterichy is BACK

The Nigerian leaders always know the right thing to do in other to move the country forward, but they will never do it because they will lose the gains of the rot they are presently enjoying.

Tell me why a bank will have to submit its result to CBN for vetting and approval, before its release to the public?

Also, why must company results be submitted to SEC for publishing on its disclosures website?

If you think the banks are flouting rules in their financial reporting, why not set up hefty fines and sanctions, and punish them when they are found guilty of manipulating results?

The reason is simple!

CBN wants their cut from the largesse. SEC also wants their cut too

Now, a bank sends in results. CBN staff "vets" it and sees the result before everyone, and then if the result is fantastic what happens? The staff gets some for their self, informs friendly colleagues in other departments to do same, notifies their family members to do same, church or mosque members, et al.

And when they get their fill, they forward same result to SEC to repeat the same process, before the result is published on the disclosures website.
Effect: Huge short-term trades before and after the release of results that profits individuals who never invested in the company whereas there are people who invested their money in the companies for long term and whose value is being depreciated.

How it should be:
First, companies should have a direct access to the NGX disclosures website and should upload disclosures directly from their investor relations or corporate office. No other eye should see disclosures before the public apart from the directors of the company, who also should be monitored for insider trades from time to time.

Finally, banks should upload their disclosures and results directly to the NGX disclosures site after audit or release. CBN should investigate and vet the results after release for discrepancies. If any discrepancy is found, then the bank should be fined heavily and the directors sanctioned appropriately.

BUT... will this be implemented? Oga at the top no go gree because money go commot from him table

Bad condition!!!

locodemy:


Chairman.stop all these trashes and face your challenges caused by frustrations of life.

The market was there when we came.
It will also be there while we go.
Any one who does not make money in this market is a greedy one.I give my stock picks and wait for market to discover it and it do work.Is it a crime?People who knows who I am as a day/swing trader join me to make their own gain.I think some of our members here benefited from my stock picks and those who are trapped wanted it so.Must I tell you when I am exiting?

I chose to be a very short term holder of any stock and I have gained much except the ones I got trapped due to miscalculations that is converted to long term and sometimes I sell off at loss and move forward.

Because of you and all you have said, From this moment,I will be in a guest mode for a while if not permanent exit.In as much as I remain a day/swing trader, my 10-100% is sure at Nigeria stock exchange where I trade stocks.How it works remains a mystery to you forever.



Good bye.

Because of you and all you have said, From this moment,I will be in a guest mode for a while if not permanent exit.In

You even wrote it in bold

Rather that dispute why knowledge is better than experience, you are threatening to leave

Those that left before you, did they announce it? Attention seeker

yen yen yen