₦airaland Forum

DEAPCAP
Debt-to-equity @169k ...

Mankind2024:
DEAP CAPITAL MANAGEMENT AND TRUST PLC. Q1 STATEMENT.
The deep financial crisis in DEAP Capital offers no hope for investors, but favors traders.
The recent increase in market activity and share price of Deap Capital Plc is notable, especially considering its first-quarter 2025 financial statements. These statements present significant challenges, including negative equity and accumulated losses, raising concerns about the company's long-term viability. Given these financial indicators, the possibility of potential delisting from the NGX warrants consideration.
Based on my analysis of the financial statement, here are some potential red flags:
1.Negative Equity: The company has negative equity. As of March 31, 2025, the total equity is negative at N'000 (2,627,879). This means the company's liabilities exceed its assets, which is a significant going concern issue.
2.Accumulated Losses: The company has significant accumulated losses. The retained earnings/ (loss) brought forward is N'000 (5,508,415) as of March 2025. This indicates a history of losses, which erodes the company's capital base.
3.Borrowings vs. Assets: The company's borrowings are a substantial portion of its total assets. As of March 2025, borrowings are N437,354,000 while total assets are N302,752,000.This indicates that the company is heavily reliant on debt to finance its operations, which increases financial risk.
4.Cash Flow Issues:The oxygen and life blood of Deap capital is in a state of comatose. The statement of cash flows shows negative cash flow from operating activities. The net cash outflow from operating activities is N4,833,000) for the quarter ended March 2025. This suggests the company is struggling to generate cash from its core business operations.
5.Going Concern Risk: The combination of negative equity, accumulated losses, high borrowings, and negative operating cash flow indicates a significant risk that the company may not be able to continue as a going concern.
Disclaimer:
I do not have a single unit of DEAP Capital, nor do I plan to invest my hard-earned resources in it. I was searching for the next UCAP on NGX when I came across its Q1 statement.

ARADEL. ±
CONOIL. ±
ETERNA. -2.27%
OandO. +10.00%

TRANSCORP +10%

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”

- Benjamin Graham

Ding!

Every mallam to his kettle...

nosa2:
...

We may all be wrong Sha.

Of course!

The 1m was obvious and was executed at 'clearing'

megawealth01:
And someone bought more than 1m today na

I love to ignore a lot of talks here because nobody is MR TIME and MARKET here

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. +4.41%

Someone sold 1m units of ELLAHLAKE

Seems the pressure is getting to a few...

They promised to release outstanding results by 30 May (18days away).

We remain hopeful for a improved result...

Streetinvestor2:
If you get eyes you go notice say oando go do full bid soon. The soon is what I can't say.
I will like hit #50 this month

Ding!

Is this a threat?

Locotrader:
Be careful in quoting me on breast so you don't get banned

Seems we're now on breastville 🤔

Locotrader:
Imagine Loco that is known for buying junk stocks as supposed by some of our members see Ellah and run away.

At least you can see a fresh breast in all Loco's stock.

As beautiful as Ellah and very mature,where is her breast?

UBA Directors are accumulating shares in the millions.
The RI might be closer than we think...

Mpeace:
All that money might end up in UBA next offer.

Loco collect stray bullet

Agbalowomeri:
Is Loco not enough reason

TRANSPOWER lost 9.98%, TRANSCORP lost 4.55%, TRANSHOTEL lost 2.54%

Like father like sons...

Don't conclude.
He might have a reason...

crownprince2017:
When people buy things without reasons, you are bound to sell at loss without reason.

Ote$ factor

Agbalowomeri:
No be pump dem pump TRANSCORP by X10?

NB have commenced the production of DISTELL products at their plant.
There will definitely be a greater demand for packaging by NB...

Every mallam to his kettle

NettyNelly:
Their Biggest Cutomers is NB, it is likely that NB stockpiled packaging inventory in Q1.

ARADEL. ±
CONOIL. ±
ETERNA. -2.22%
OandO. ±

Should be around 15-17cents in total for 2024

Streetinvestor2:
How is the total dividend for 2024

SEPLAT FY DIV
57.05

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Announcement_of_Currency_Exchange_Rate_for_2024_Final_Dividend_and_Special_Dividend_.pdf

On the SUGAR - RICE - NASCON merger talks

“The merger between SUGAR and RICE and NASCON is currently on hold. More importantly because a few things need to be done by SUGAR and also RICE. So, we are waiting for when we think is the right moment to consummate the merger… but discussions are still on and when… and as we progress, we will definitely inform the shareholders and the public”

Mr Olakunle ALAKE
Chairman, NASCON Board of Directors at AGM 2024, May 8, 2025


https://www.youtube.com/watch?v=Iyz_UYA9xwE

You no even dey consider madam Ginalex...

megawealth01:
They should come down to my bargain entry joor... That is when I will look their side

4th July

nosa2:
When is the qualification date?

Okay I get you.
Your reference to 'expensive' is more about the margin than the SP...

emmaodet:
That is what I think it is worth as at the time of my valuation.
If you think a keg of palm oil worths 50k if you take it to market in Lagos, why do you want to buy it at the same 50k from the village?
I preferred to have entered 100-110 leaving a good margin of safety.
At 145-165? The margin of safety becomes risky. My valuation may be wrong and I want a good breathing space for it

Time to load up at sub 300

Ginalex:
Transpower finally down by 10%

Vitória é certa! ✊🏾

iyb:
Aluta continues

PRESCO @880

Ding