₦airaland Forum

kolaish:
Bad times no doubt for the consumer goods sector. I have to look at the result twice to be sure of what I am seeing. I hope this would not lead to downsizing and lost of jobs in most of these companies.

I am beginning to think if the result of the banks can sustain the market from the generational low predicted by oracle.

These results cannot bring generational lows. I think they are mixed. some of them have come out good while others came unexpectedly bad. NASCON is one example(we are yet to see dang sugar).
Generational lows will come if the tribunals removes tinubu(which is most unlikely).

pluto09:
Have you seen Nestlé result?
I need someone to help me interpret it.
Don't know wht they swallowed! Chocking!
Where is cp please?

Hmmm eps from 35naira last year to (negative) -63. No be small loss.
Ebe like say Nestlé drink otapiapia. But them go survive

Companies are just releasing anyhow results. See even mtn sef, decline in pat and eps. Although unrealised fx loss of 131billion as against only 13billion of last year, did the damage. An wa oh.

Shalom428:
Seplat made Totalenergies flat result looks good. Only the banking sector is completely immune at this point. Seplat don spoil the weekend groove wey I plan.

The thing tire me. But I saw some accounting abrakatabra in the result sha

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/39139_ETERNA_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

I've been checking for Eterna result since.....but can't get it on NGX yet....*Edited: seen!

* If we look closely at the result, ETERNA's profit was more more than doubled......over +100%
* The FX revaluation loss was attributed to the PMS importation expected in July but for which the order was made in the 2nd quarter...
* I saw a news with regards to this importation challenges before now.......on self funding stuff.
* This FX loss doesn't seems to be what it is on the paper....... b/4 the Unification issue came up......
* I saw this as a paper loss that will be rectified as soon as Orders starts to arrive.
* Hope I'm even making sense..... ......we will wait for Eterna at good bargain junction should Mr. Market decide to 'punish it....knowing fully well that a good news will take care of the rest.

PS: I have Eterna and not ready to sell.

Your own better you see explanation for the loss.
I no fit find explanation for seplat poor performance. Revenue was positive, same with gross profit but it appear like they have stared that thing transcorp use to do. Non controlling interest and equity holders of the parent company don dey share the profit.

locodemy:
Hewu......I guess this is the worst result so far

https://doclib.ngxgroup.com/Financial_NewsDocs/39098_NIGERIAN_BREWERIES_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Will IB escape this?

But there is an improvement from last year. Lol

Willie2015:
Sold all my holdings in Total 2day...
Yeye Total ...
I also take profit on Seplat 2day...

E be like you don see seplat result

MrDiligence:
Ministerial list officially unveiled by the senate. Let's see how the market reacts

Political cabinate list. Lets see how the portfolios are assigned.

OBAGADAFFI:
But the result was't impressive

Wow. Just saw it now. Not too much improvement, just slight.
Seplat is what I am really waiting on. I expect them to declare a good result although it appears like the best results should come from the banks.

The way they rush totalenergies today, e be ike say them don see something.

yMcy56:
More results coming in.....
Mixed reactions in market...

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

Afriprud did not do well. Last year was far better

megawealth01:
Abeg update if legit

I pray its not legit cos its filled with polititians.
Lets just wait for the senate to make it open

lexy2lexy:
Serious manipulation going on there. They traded few units until last trade of the day both yesterday and today. Imagine 133K units traded today and last trade was 105K. Similar pattern yesterday

Chai, This person want put sand sand for inside garri. Abeg allow them to manipulate. This corruption shall benefit me and my family.

On a very serious note, the rules dont favour big companies. To think that I can change the shareprice of a company like Daarcoms and send it to full bid with just 1million naira but i will need atleast 150million naira to move seplat in the same market, is not fair. What moves A should also move B. That is equallity and justice. But until those are achieved, manipulations or what ever it is called is allowed, once done within the rules.

Mind you there was no manipulation today. Someone sold 100k units and another bought.

That is something the market makers can easily do and legally too.

yMcy56:
SEPLAT
Up with another +10%!
Now @1693.60.......Up with N153.90...

Mpeace we've done it again o. Shebi you said make we try again.....but remember no be by words of mouth alone o.

* This one will just be increasing the ASI anyhow now...

Meanwhile, there's last minute Pullback in ACCESS!

Chai. See seplat wey no dey move before. Abeg yMcy56, do it for us tomorrow again.

Meanwhile Access, Zenith, Gtb, fidelity and Uba usually audit their results every 2nd quarter, so we don't expect there result this month end. It is expected that they will not experience much increase in price.
But seplat,mtn, dangsugar, nascon, totalenergies results should start coming from tomorrow.
Seplat, totalenergies and mtn should give us good interim dividends this week.

I pray what I just saw as the ministerial list is not true. If not we are in for another set of buhari like cabinate

megawealth01:
I've always loved SEPLAT but got scared one time then I stopped investing

Seplat is one of those companies that must benefit from the fx unification stuff. If they calculate their quarterly interim dividend using the current rates, they should have one of the best dividend yield on nse.
Mind you, they earn in USD$

megawealth01:
MTN still very much in the box... It's SEPLAT that I didn't load well back when they were 300+ I later averaged to around 500+

Wish I'm well loaded in SEPLAT than MTN

We expect seplat result this friday with another quarterly interim dividend. Btw seplat need to so small bonus giveaway.

yMcy56:
Lol.
Ok we don help you move your MTNN first ......now @284+......Up with +14.90....
We will reason that of Seplat later.....

No be small money dey enter this market o.....

Mpeace we don do am oooo, Seplat officially up with +10%! .....Oya bring my commission....

Who no know yMcy56, no get person. Since over two weeks wey seplat dey look for volume to do 10% we no see. Na him yMcy56 do in less than 5mins wey we beg her.
You try as you add mtn join. You too much.
Just do it again!!!

yMcy56:
This COCOA is really enjoying the blessings of the elders.....
Imagine full bid today again! Chai!!
Who could have imagine that this one will make people rich this year when some other sound stocks are yet to deliver 50% self?

..and on the other, SEPLAT is still looking for 100k bulk to move the price up with +10%....
N154Mil no be moinmoin....
I for say make I help you talk to one billionaire friend to help you move it, but you'll call me manipulator or MH........

* Crude oil predicted to sell for $86 by end of 2023...*edited*

* GTCO: @38.70 as at now....
* ZEE @35....
FBNH @22...
ACCESS above 18
UBA @15....
Fidelity: 8.45........thry wan push this one reach 10 by whatever means....lol.
OKOMU testing 265......no 100k bulk purchase yet...

Chai. I no go call you anything. Just put hand for pocket move seplat for me.
Although the major issue with the stock is lack of sellers. Buyers dey.

This fx crisis is just too real. I read somewhere this morning that the completion date for dangote refinery is to be shifted to 2025. Hmmm wahala dey oh
Where do we source the fx to defend the naira.

thebargainhunte:
Brent @ $83.166

E no show for seplat price. Its always on full bid but never has enough units to appreciate in price.
Oando is going out of reach of the ordinary man now that they have reduced the company's debt and its about to start gaining from its crude.
Transcorp has not started exploiting its oil block.
Conoil and Totalenergies crude oil segments are not listed on nse.
Its hard to see how we can benefit from this increase in oil price.

thebargainhunte:
Big man...that is about #35m. Show Ur boi love.

The guy na very big boi forget say he too like penny stocks.
I remember when he dey do give away for this forum

Agbalowomeri:
Cheap comes at a cost Lol

I swear. Huge cost at that. And in the long run, its no longer cheap.

seyisanya:
I just logged in now and realized that Morgan Capital is yet to effect change of ref. prices as per today's market. I believe this is the same for everyone that uses MC. Hopefully, they'll get it sorted over the weekend or next Monday.

Its very unfortunate that whenever something big is about to happen on the market, they begin to have these issues. You can imagine how much their clients have lost to these issues. You see bad news that will cause general bear, you cannot login the next day to place a sell order until every other person from other brokers have sold and price has bottomed.
You see good new that should bring bulls, you cannot login the next day to buy at good price until others have bought and there is huge number of bids at the highest price. Its very very unfortunate.

9free:
I see Zenith flashing us EPS of about N10.

Lol. I pray all the ridiculous eps translate to huge dividends

aj8:
I am buying more Stanbic @57.1500. The other banks are responding positively to the prospects . Target now N90.00

U are lucky. Morgan capital is down

They will not connect now until fbnh shares finish for market

BabsO2:
Some banks will benefit more than others.

Note this: The top 5 benefactors will be FBNH, FCMB, GTCO, Zenith and UBA according to a Chapel Hill report.

Please this is not a buy or sell recommendation

Y do you guys always underestimate my darling Access bank? Lol

They had to release this result early to end the closed period on time before Oba takes up all the shares. If not, when last did fbnh release results this early.

Kingchuks:
FBN HOLDINGS PLC- QUARTER 2 - FINANCIAL STATEMENT FOR 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/39018_FBN_HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Jesus, see result.
Eps from 1.55 to 5.19.
You no go see this one buy tomorrow
If they replicate this accross the othe remaining quarter, fbnh might just climb to 100/share.

Hmmm.

The three tiers of government are set to share N1.959 trillion in July 2023 — probably a record, TheCable can report.

This is nearly triple the N786.161 billion shared in June and more than triple the N655.93 billion in May.

Allocations are usually shared from the preceding month’s revenue — meaning June will be shared in July.

The Federation Account Allocation Committee (FAAC) will meet in Abuja on Wednesday to allocate the revenue to the tiers of government — federal, state and local — based on the sharing metrics.

Statutory collections make up N1.7 trillion of the federally collected revenues, followed by N293 billion from VAT and N12 billion from electronic money transfer charges.

TheCable is yet to establish if there had been any higher monthly revenue in the history of Nigeria.

A snap analysis by TheCableIndex data team suggests that the fall in the official exchange of the naira might have contributed to the seemingly unprecedented rise in revenue.

FAAC adopted N436.38/$ as exchange rate for the calculation of the forex component of federally-collected revenues for June 2023 but this has now gone up to at least N750/$.

TheCable could not confirm the actual exchange rate used for July.

FAAC is made up of the minister of finance as chairman, all state commissioners of finance, state accountants-general, the accountant-general of the federation and the permanent secretary of the federal ministry of finance.