₦airaland Forum

Agbalowomeri:
8 months of consolidation

The incoming bull go mad gan

Get set and enjoy the bull

Agbalowomeri:
Baba there is no too words for akagum😂. It's a pathology

Agbalowomeri:
The house was before the wealth. Why get wealthy?

Agbalowomeri:
Didn't we hear that he lived in the same house for decades despite all these fortunes

nosa2:
double entry

Sunrisepebble:
FINAL and FULL info on FMN, as it is no longer classified info and has spread far and wide within various circles, the coy wants to delist from the exchange. And will ofcourse purchase at a premium. The premium was set around #70 while the stock was trading ~#45, however with recent gains, it will be revised upwards. HONEYFLOUR will be included in the transaction, as they want to delist the two entities, consolidate and then list again as a new entity. Purchase price for HONEYFLOUR, I am unsure of. Congrats to all those who listened to the initial signal

RodgersAkpafu:
I would like to add some perspective on this very good point you raised with respect to dividends and asset valuation

You see, whether you like it or now, part of the reason WHY that is the case is because we live in a LOW TRUST SOCIETY.

So investors will rather take the dividends that they can see and touch with their two eyes, than take a chance at retained earnings for 10 years straight for reinvestment that could then lead to massive capital appreciation in the next decade.

Long story short
whether we like it or not, most of us don't trust the management or regulatory oversight in totality

when management is telling you that we wanna retain all earnings for capital reinvestment, a Conventional Nigerian will be suspicious

2006-2008 period is still fresh in our mind
the results were "good"
but wetin happen las las?
till date most companies have not attained those highs of that period

and this is almost 16 years going


My thoughts sha
thank you

Raider76:
Unless they have finished the RI price will continue to be affected by that.

Agbalowomeri:
Don't worry, banks and all stocks will rally at Christmas and new year

However, it seems you are using the same valuation lens for banks as for other blue chips in other sectors. You should discount by at least 50% because of 1) inherent risk and CBN pronouncements and 2) Dividend plays a heavy role in pricing banks. With all these profits, shouldn't GTCO and Zenith be paying N10 dividend? Do you think they will pay up to that by year end? If not, getting any price near 100 may be dreamland.

KarlTom:
CORPORATE ACTION

GTCO
INT DIV: ₦1:00
Q. DATE: 25 SEPT '24
P. DATE: 07 OCT '24

https://doclib.ngxgroup.com/Financial_NewsDocs/42125_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO-CORPORATE_ACTIONS_ANNOUNCEMENT__CORPORATE_ACTIONS_SEPTEMBER_2024.pdf

Agbalowomeri:
I was waiting for NOSA2
Whether na you go be prophet of GTCO
With banks the more you look...😂

KarlTom:
GTHCO

PBT: ₦1Trillion
INTERIM DIV: ₦1.00

https://doclib.ngxgroup.com/Financial_NewsDocs/42120_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_SEPTEMBER_2024.pdf

gare2510:
I attempted selling my OANDO at #73.75 there were about 6million bids in front of me but it was filled immediately, is this possible?

KarlTom:
One thing is certain, after commencement of full operations at DR our FX will improve significantly.

I honestly do not see FG/NNPC satisfying the crude oil needs of DR and he'll have to import more crude to meet demand/full capacity,

That means, at cheaper $-₦, the produce of the refinery will be cheaper ex-depot.

I think the bolded can be achieved on the mid- to long-term...

designking:
I waited too long... Tomorrow I am cashing out all my Oando shares too.

Oando pullback will be epic

Streetinvestor2:
My broker just called me.He told me is Warren Buffett that is buying

I didn't want to say it till market close for the day

megawealth01:
Union Bank records 138% profit growth for 2023 as restructuring plans continue

https://nairametrics.com/2024/08/17/union-bank-records-138-profit-growth-for-2023-as-restructuring-plans-continue/

abiodunbright:
hi

chimex38:
Thank you for this video..
Didn't know it was this detailed to an extent.

On Rice(@34.00mins)
OMO!
Give you seeds, insecticides, fertilizer, hectares of Lands,etc for free for you to just grow it and still buy the Rice back from you @ harvest? Not take back BUY back!!

Dangote Industries na Country inside Country, kalakuta Republic dey learn work.

Bizibi:
they are into oil processing but it takes a good management to take Ellahlakes to greater heights and I believe they have a good management.

Bizibi:
when I heard okomu years ago nobody was really into them in Benin city but the management did a great job turning the company around,now people wait to get their order because of the demand. When I drove to presco oil plantation 8 years ago I knew the company will be a success story because of what I saw there.....

I see Ellahlakes as a long term and a future success.it always remind me of okumu many years ago.

vacanci:
my calculation was also on the PAT and it gave me N6 EPS annualized using the current OS of about 19.8B Units.

So yes, the figure in their report is correct

vacanci:
it will be good you show us how you arrive at your own figure. As far as the data available is applied, they are correct at N6.01

Profit for the period is N59.431 Billion
outstanding shares is 19.803B

when you divide profit by OS you get N3
When you annualize this, it becomes N6

perhaps you are using recapitalized OS which has not been commited yet.

And when you say without forex gain, do you now mean that all 100% gained will be stripped off the bank?
I want to learn something here

SonofElElyonRet:
N6 EPS ma niyi ke?

SonofElElyonRet:
I think its too late to jump in now

Mfunkynation:
I think nobody knows the exact time frame

Agbalowomeri:
Hypocrisy at its peak

BullBearMkt:
...I think it's more of the bonus

Bagwa:
https://doclib.ngxgroup.com/Financial_NewsDocs/41707_UNITED_CAPITAL_PLC-PROPOSED_INTERIM_DIVIDEND_AND_BONUS_CORPORATE_ACTIONS_JULY_2024.pdf

naturalflow:
the stated EPS is 258 in kobo not in Naira.so for the full year is 258×2=516kobo or 5.16 naira.No dey argue with agba nosa oooh,him be chief for this game.