₦airaland Forum

Mpeace:
I use pufin on my android, and its not working too. Can't even view stocks and trades. Morgan capital with their issues.

Manonamission:
Dangcem pushing the index up. Well done

Agbalowomeri:
Sorry I meant Intbrew

Mpeace:
Fcmb loan provisions(impairments) fell from 34billion last year to 12billion this year, meaning that they saved as much as 22billion. Yet the bad result. diamond took 35billion loan provisions.

DeRuggedProf:
INSIDER TRADING!!!

fxuser:
serz gap up
opening 16.42 on big vol
engulfing weekly candle developing

Agbalowomeri:
Is this 'Numbers' or HoPe?

locodemy:
sir i am also holding unto my analysis.
what happened in maybaker MUST surely happen in Transcorp.
oga currentprice.......Transcorp will make one very rich soon.
This is one of the few stocks that will defies NUMBERS simply because its a growth stock.
Just position yourself as well irrespective of the NUMBERS.

Agbalowomeri:
Wave 3 of the major Elliot wave moving in within 2 weeks
Long bull like no other
Call for reinforcement to hold down nse screens to prevent a "bull-crash"

Fasten your seat belt

tritritri:
Aberg Just leave OANDO out of this...oando has ruined many life .

locodemy:
What is cooking in uba is also cooking in Transcorp.
it wont take time the kasala go burst.

NoMoney:
Dear Samguru,

I will try to address your concerns

1.Liability: C&I Leasing has a lot of debt which is very sustainable. I will try to explain sustainable. If I can lend money at 13% from a bank and fix in treasury bills at 15% that debt is sustainable and the more debt I collect from the bank the better. If they are willing to lend me N100billion, I will collect. C&I leasing major debts are used to finance the purchase of vessels that are put on operating leases to the major IOCs such as shell, Chevron etc on fixed term contracts of 5-8 years. The cashflow from these contracts can pay off the loans while the vessels have a 50 years life span. Once the loans are paid off the remaining cashflow less operational costs translates to profit.

In lay man terms, If you are asked to take a N1billion loan to build a house and chevron is ready to rent the house for 5 years at N250ma year. In five years the rent pays the loan and interest whilst form the sixth year all the rent is mine once the loan has been paid off and the house is fully yours. Will you be willing to take this loan?

2. Abraaj, Custodian and Allied Assurance Leadway Assurance are major shareholders in the company. The Executive Vice Chairman also represents a major share holder in the company


3. The company offer the following services
a: Leasing of ships to IOCs. Revenue is in dollars
b: Provision of contract staff to major companies including Diamond Bank
c: Sale of Suzuki cars in nigeria (loss making at the moment)
d: Operator of the Hertz franchise in Nigera
e: diversifying into the power industry and other sectors
f: provision of car tracking services

4:Profits have been consistently growing but they need to raise additional equity given the volume of business to be tapped due to the cabotage law which favours Nigerian companies for the provision of shipping services in nigeria. they have previously relied on bank loans to finance the business and paid 2billion interest in 2016.

I am NOT a C&I leasing insider but yes I have shares in the company and I have done my research and the company is a resounding BUY.

NoMoney:
Please argue constructively and with figures. I find wise cracks about going to the village lame.
I did not value the company at N2.5billion the market values it at N2.5billion (1.8billion shares * N1.30k per share)
Its share holder's funds is around N8billion which is closer to its intrinsic value.
At PAT of N1billion it has a PE ratio of 2.5 which is fantastic in any market very few shares beat that in any market and if you find such jump on them especially if you expect the profits to continue to increase into the future.
Total number of shares at the moment is 1.8 billion shares which will be reduced to 400m shares via reconstruction
After reconstruction, the company will sell 2.6billion share to raise N25billion naira and will now have 3billion shares at about N10 each giving a total market capitalization of about N30billion
To sell rights at N10 the market price might have to get to N12 (which is N3 pre construction)
I never said they are selling 25billion shares at N3, where did you get that from?

NoMoney:
I see the share price getting to N3 or (N12 post construction) before the rights issue.

C&I Leasing is a company valued at N2.5 billion at the moment on track to make N1b full year PAT. How low can it really go? It has the fundamentals to more than support the current share price. The management seems to be preparing the company for the second stage of its growth trajectory given its asset base and deal pipeline.

currentprice:
@ Loco. i don't understand all your post. i am looking for fcmb Q3 to update my bedsheet and you saying i hate the stock by pulling it down because your there
you are there doesn't mean we should not raise caution to other shareholder or someone planning to enter the stock because of the penny nature. abeg i have nothing with the stock, let them give us good result today and see my next post. fidelity is a stock i will tell pple to run for their life this time last year ^{may be because of their large oustanding}. today fidelity is one of my strong watch out stock due to their latest brilliant performance.

brov grow up

chunkuli:
so what is ur take on buying at the current mkt price?

BullBearMkt:
...uac is sitting on its value zone at 17

DeRuggedProf:
Me?..
I dance with the wind, like a palm tree on the sea shore so I don't get broken...
I walk on thorns in the market like a snail, I never inhibit thorns from growing or bother predicting their sharpness or bluntness....

DeRuggedProf:
Nice one.
GTB no gree crack....

tritritri:
https://www.nairaland.com/4181191/fg-comes-up-action-plan

is this true ??

leo1234:
Currentprice, there is a discussion about dangflour going up there. Can you please help break it down?
Is it a positive or negative development for the company?
I also heard dangflour lost 1 box this week.

Coolcash1:
You just veered off! How will you acquire a business and not buy the inventory.... Use your tongue to count your teeth now bros . You wan fall my hand o. To help you, the consideration paid is NET ASSETS (Assets less liabilities) + premium

bigjay01:
are you suggesting they'd be buying Dangote noodles or Dangote flour?

Mpeace:
But dangflour of N383.94mil is not too much as to cause a 300% rise in price. Its just about 45mil units. I know some men here have more than that, esp loco, cadillac, manonamission etc

Princkez:
It will also buy stock worth N383.94m, according to a report by Reuters.(pls explain dis)