₦airaland Forum

talk2me2:
Them Tori no get end
https://doclib.ngxgroup.com/Financial_NewsDocs/41532_NPF_MICROFINANCE_BANK_PLC-DELAY_IN_FILING_FINANCIAL_STATEMENTS_CORPORATE_ACTIONS_JUNE_2024.pdf

Some people no just get shame.

One eruola mgbe ayi ji agba ibara, ...

For those trading Penny Stocks, know there are market rules and ignorant of them doesn't mean they do not apply to you.

My 2 Cents.

KarlTom:
By that time the plane might have taken off...

I go still follow una Jolly small with the <100k units I have.
At all, at all na e bad pass but I refuse to jump in with two legs into ... for now but all options are open when things improve including cross deals.

May salary for some s..ffs sef, ...

DD.

yMcy56:
If OANDO didn't delist, we'll be back to remind some of you about these your posts.....God willing .

Fundamentals is not the only factor that move stock prices especially in Nigeria. Family name does too. Till Fundamentals improve, I am not increasing my position.

** I am the Captain of my ship and the last time I checked, I have not veered off the desired trajectory.

When people drive from Warri to Onne to collect a bolt, ...

bovali:
This is as high level as i can make it to keep it brief. All i'll say is when you invest, think to yourself if wale tinubu is someone you can trust with your money. Cause with oando, you're betting on the person running it to succeed. The whole of 2023, and only one profitable quarter. In Q2 they had an FX gain of 258bn, hence the 140bn profit for the period. Then guess what happened in Q4? Another 377bn in FX gain but this time they lost 70bn for the period. How do you make less with more? Don't ask me further questions because everything is in public space for all to see and analyse. Your own DD is advised.

How many of their Rigs are operational and contracted out sef.

** DD advised is for a reason. I say no more.
** I have <100,000 units for gambling & FOMU tho.

Welcome back again Sir, @Nosa2.
You sure came back to the market at the right time.

MARKETJJC:
Is this one also listed on NSE?

It is Briscoe PLC and not Erisco

Digital footprints will always be left.
There's a thin line between whistleblowing and ...
Why anonymous

** SEC should investigate but unguarded statements have been known to wipe out billions in minuites. Hopefully, he is not a disgruntled sacked employee.

DD as Alwayz.

Redoil:
Lovers of Toyota vehicles who buy from one of its foremost dealer, Briscoe Nigeria Plc can begin to start looking for another company to trade with as we can report authoritatively that the company is on the verge of folding up, due to fraudulent practices currently going on there. Our sources within the company revealed that even though the management of the Company has been trying to conceal this fact but on a daily basis, it’s becoming difficult for them. The company is ‘broke’ & heavily indebted we learnt. The company’s indebtedness is to the tune of N14bn at the moment & has been consistently making losses in the past 4 years. The loss for year 2014 is in the tune of N1.84bn, a situation which will make the shareholders likely revolt this time around. The half year report for this current year is already estimated at a loss of over N1bn. There are insinuations that this is due to bad management, particularly the current Managing Director, Mr Bukola Oluseyi Onajide who since taking over in January 2010 has nosedived the fortunes of company. The smooth-talking Managing Director is enjoying very good relationship with the Chairman of the board of directors & there is not even a single Executive director in the company; this has made it practically impossible for other board members to know the ‘true’ situation of the company. It was also learnt that the daughter of the foremost Toyota Representative in Nigeria (Chief Ade-Ojo) is also on the board of the dying company but she’s also not aware of the underground happenings. It has been alleged that the current Managing Director & General Manager (Finance) have embezzled over N500 million. This is however not new to some people as it was discovered allegedly that the General Manager (Finance) was involved in fraud in his last organization before joining RT Briscoe. The two men our sources disclosed have been siphoning the company’s funds & covering up the books in a smart way. The Chairman was due for retirement since 2013 but is still trying to retain the seat despite the bad situation of the company. The Managing Director lives a very extravagant and flamboyant lifestyle; throwing very lavish parties all on the company’s resources. The current situation has forced the company to commence sacking of workers; it was learn that close to 70 members of staff will be affected by this exercise. The Managing Director according to our sources within the company gives out brand new vehicles to several of his female friends & family members at the expense of the organization and also colluding with the GM (Finance) to siphon large amounts of money. This looting prompted the GM (Finance) to recently delete all the CCTV recordings in his office so as to destroy any evidence that could implicate him. The Managing director we learnt doesn’t have regard for all members of staff as he sees himself as the all-in-all because there is no single Executive Director or Deputy Managing Director. Most of the productive salesmen have been frustrated out of the system. Meanwhile, so many shareholders are preparing for war as the AGM comes up in a few days. Stay tuned for more details on his fraudulent and philandering lifestyle.


copied........................

ERISCO

Disembark:
My boss I no fit comprehend the Bolded

It's a follow up with my chat with Panadee regarding profiling penny stocks.

Panadee:
I have to commend your effort.
You have really dedicated time and resources to this venture.
Truly, there are many charlatans globally and some can even give fake news for a fee!
I need to learn too because one day fisherman fit no come river and we no go see fish chop

.

Panadee:
Your way pure.
Your source sure.
Thanks for the info.
The Vaxart was a good call, same with SBFM.
Continue the good work.
As always, we should endeavour to do due diligence.

I will be very honest with you, there's no source. The calls are a result of 16hrs+ work day for the last 4 weeks trying to profile the 700+ penny stocks in the US market.
It is a lot of hard work but once the profiling is done, ...

Have noticed for sometime now, there are a lot of opportunists & charlatans in the Nigerian financial space that are only out to take advantage of the gullible. Times are hard no doubt but must you also ...

EnjoY while it lasts but like I always advice friends & colleagues, seek knowledge for yourself first and avoid handouts.

** 3.42am ET.

SBFM has done over 25%. You can exit if you want.

One more, then we will call it a ...

Oando that only one of ...

All these people buying/selling 1 unit of a stock, dey no pay commission ni or what

Jaakay:
Bros, are you are referring to me? Chams making us recover the school fees paid on dangote sugar and nascon 😀.
But on a serious note, any news from them?

Follow who know road,
But hold transport money.

Funny while some people are re-couping/just re-couped their school fees, others are about to pay a very steep one

DD as AlwayZ.

In the spirit of Ubuntu, I will buy SBFM today.

DD as alwayz.

** Couldn't get AGFY. Did over 100% once market opened. 😢 😭
- Those in VXRT, know when to call it a day o.

Cadbury will get to N20 at the very least short-term.

** Do your DD sha.

yMcy56:
No vex.
No do as your power reach.
.....but there's nothing you can post that can alter anything as such....in as much as it's not the mind of Mr. Market itself.

Besides, I read streetinvestor2 also mentioned buying @1.40 when some guys were dumping it at 1.50, then down to 1.40 few trading days ago.

So no be people dey make the market get mind of itself abi? Or you want put me for
Dey Play, market na spirit.

yMcy56:
Streetinvestor2

E be like say na Essentialone wey make me talk say I go punch above my weight just once say go push am go 1.40 or even 1.20 but not lower.

** If no be say na patented work, I for just upload something spoil market for all these opportunists wey no sabi their mate but ...

Chams on full bid.

Wey that my 1.40 friend?

What most people fail to realize is that one person can put multiple bids, same price, same time making full bids. E go do people like film when full bids go turn turn to full offers within ...

megawealth01:
Day two full bid... Any news on unity bank?

Purely TA. Same with Veritas. Distribution & Accumulation going on depending on which side you are on.

nosa2:
In my opinion the devaluation is done. Nigerian equites are ridiculously cheap. Look at GTB, ROE of over 60% yet forward PE is less than 1. That's crazy na. Its almost like free money.

100%

Agbalowomeri:
Facts behind the figures sir😂
Once Forex earning is done and with all these rights issues and attendant dilution, let me siddon for my N18 yunction

Really

nosa2:
In my opinion the devaluation is done. Nigerian equites are ridiculously cheap. Look at GTB, ROE of over 60% yet forward PE is less than 1. That's crazy na. Its almost like free money.

The devaluation almost got me ...
Brought funds in @ 570:1. Took a lot of dexterity ... to break even.

Ok.

nosa2:
My brother na lie?!! everybody dey chop woto woto for this market?

The timing of this your return to Nigerian market is suspect though. For you to return by this time T, ...

I no talk pass so. Welcome back make we "rofo rofo" am together because it is about to ...

Agbalowomeri:
They will not sell😂
People patronise fraudsters

Well, ....
The best advice I can give those starting out, seek knowledge and avoid handouts.

https://www.drewinvestments.com/reading-list

emmanuelewumi:
1. Summmary and review of 2023 Financial performance of Presco

Revenue N102 billion
Gross profit N65 billion
EBITDA N63.2 billion
EBIT N59 billion
Net operating profit after tax N42 billion
Profit after tax N37 billion

Total asset N170 billion
Cash N10 billion

Capital employed N134 billion
Invested capital N123 billion
Equity N57 billion

Return on Capital Employed 44%
Return on Invested Capital 34%
Return on Equity 57%
Gross Profit/Total Asset 38%

Net Operating cash flow N32.6 billion
Free Cash flow N20 billion

Cash Flow Return on Investment 24%
Cash Return on Invested Capital 16.5%
EBIT margin 58%
FCF Margin 20%
Net margin 32%.


2. Proposed acquisition in Ghana
Presco is planning to buy a similar company in Ghana for a total sum of $125 million. The acquisition will increase the production capacity of Presco by 20%.
With this we can assume that the business in Ghana is about 20% of the size of Presco when looking at it based on production ability.

If the business in Ghana is valued at $125 million it is logical to value Presco at ($125 million multiplied by 5) That will give us $625 million or N875 billion or N875 per share. Using N1400 per $1.

The business in Ghana made an Operating Profit of GHC 188 million. Using GHC 15 conversion to $1, that will give an operating profit of $12.5 million.

For Presco to value the business in Ghana at $125 million, they probably used a multiple of 10 of the Operating profit.

Presco made an Operating profit of N59 billion or $39 million in 2023. If we use the same multiple of 10 for the operating profit of Presco that will give us a valuation of $390 million or N546 billion using N1400 to $1.


3. The analysis is lagging because I used 2023 figures, the performance for the current year ie 2024 is expected to be good based on Q1 2024 result that was released 2 months ago
The growth observed from Q1 2023 and Q1 2024


Total asset increased from N170 billion to N204 billion

Equity increased from N57 billion to N81 billion

Current asset increased from N68 billion to N94 billion

Retained earnings increased from N74 billion to N98 billion

Revenue increased from N28 billion to N42 billion

Operating profit increased from N15 billion to N32 billion

Working capital increased from N33 billion to N46 billion

Just wondering if people like @Emmanuelewumi, BullBearMkt, Nosa2, KOD, & ... decide to monetize their expertise, ...

Well, who no know person dey call am my friend.

**
“If you see someone without a smile today, give ‘em yours,” D. Parton

VXRT has done over 20% today o for those who want to exit. I will still post here when I am about entering a couple of others I am looking at.

Naija hard, any way person fit use help ur bro/sis do, you don't have to monetize everything.