₦airaland Forum

I

Morhziez:
thanks big bro... I'll do just that.

Great

Morhziez:
Alright man... Already read tons of book on stocks and financial markets. I need someone to show me the terrain. Thanks

Good, for some of Us here, we don't need anyone to show us the terrain.

We just just read the books, discuss of Forum and follow Market activities.

Morhziez:
Hello guys. A very good morning to you all. Pls I need an expert to mentor/ tutor me on the Nigerian stocks market.
Whatsapp No. 07018189085

Hi read "The Intelligent Investor
Book by Benjamin Graham"

Then follow the posts of both TA and FA analyst here.

Is that Toyota Camry 2010. V6 Limited Edition in the Picture?

seunmsg:
You think N100billion can complete the projects? Like seriously

But the government claim 100billion Sukkuk will complete the 27 roads.

So we are yet to complete the 27 projects financed with SUKUK loan?

And we want to borrow another $29 billion for infrastructural projects, were are we going with this?

Where is everybody?

locodemy:
They no gree say na jijo stock until their financials carry the real oxygen.

Collect your 15-20% profit in any jijo or volatile stock and don't regret selling.You may have done the best at the right time.

Let me come and be going ........oga Mendes na my teacher for this 15% profit booking

That is the truth in bold.

mendes911:
Some days later abi the following day?

Yes, the following day.
The guy might no even buy FO after that full-offer

Crazy market.

chocboi78:
lol...d people reigning insults are actually enjoying while m d toxic one??
Kana de lafia

What you call insults, is normal football fans bantering.

They do it at every viewing center.

Cool down.

chocboi78:
See all this old jobless people arguing even to The point of insulting themselves because of people who don't nd probably will never know u existed.....just wait to see who d winner is and y'all can go to sleep quietly pls..stop disgracing ur families here

Why are you so toxic.

People are enjoying themselves here and you angry.

Go sleep jor.

Mcy56:
Village people..

Why are you surprised?

UACN will continue to experience this volatility till.........


I remembered one of our friend here was sad for missing the FO bus.
Lo and behold, the same FO went on full offer somedays later.


The market is always open with opportunities.

What is so special here?

Mcy56:
Yes. That's the new development now.

https://punchng.com/e-dividend-sec-cancels-bank-signature-verification/

Thank you

Mcy56:
Continsure:
I filled my e-dividend form and sent via email to their registrar.
1st time: No reply.
2nd time: I re-forwarded it again. There was a reply that I should submit through the bank or submit to their office
Me: Replied them that SEC already phased out the bank in the confirmation/validation process, that we were told to submit directly to the registrars and I'd done this without any hazzle with another registrar.
Next reply from Registrar: Your completed e-div mandate form has been adopted and will be process shortly.
Me. Thank you sir.

Really @ the bold.

pluto09:
DC produces more than 30MT and the market values it at N2.4trillion.
WAPCO is 10MT and the market values it at N224billion.
OBU will be 8MT and they valued it at N1.2trillion.

When Obu is eventually listed,Mr market will place it where it belongs. That overvaluation can not stand for long.

That is the KOKO.

Mcy56:
Continsure has been suspended for trading.
These people can be funny. No notice, no info at all.
I just wish they'll increase the offer price to N3.00 at least.

Wow, i was think of selling on Friday?

YourCoffin:
He is right though. That is the price they will be listing

We need to get more details about the listing price.

mendes911:
You haven't met Ucheson before?

Uchetoba:
Good morning all

There is need for us to return to the discussion about CCNN merger with Obu Cement I will not like us to miss out

CCNN is will be delisted and Obu will be listed on 8th January 2020

The publications so far are not very clear as to how much the listing price of Obu will be but they are pointing towards N35.11

Like I said earlier I don't think it's a bad Idea to buy CCNN @ its current price and sell on 8th January .........

And how did they arrive at that price?

rebekah2011:
Thanks Boss. The stocks that give this magical returns are hardly available when the journey starts. You do not want to be trapped in this type of bus. The audited account of the company is being expected latest Dec 31, 2019. The Q3 is nothing to be optimistic about. Maybe there is impending news ahead. I do not want to be caught in a bus like this.

That Q3 is not looking good.

Anyone buying NEIMITH without seeing a positive Q4 is doing it based speculation.

I thought they denied the the sack.

Highlights of Committee’s decision
MPR was kept at 13.50%
The asymmetric corridor of +200/-500 basis points around the MPR was retained.
CRR was held at 22.5%
The Liquidity Ratio was also kept at 30%

https://nairametrics.com

onegentleguy:
For those who care to know, this report from ARM inv. on UACN(which is broadly in line with some of our past analysis here) shows the huge feasible potential in the coy !!
The wise ones are aligning into the growth story now.
This coy will surely surprise a lot of folks at the time of reckoning !!
...see report below

UAC Nigeria Plc - Old things have passed away…

"In this report, we resume coverage on UACN with a target price of N96 which translates to a BUY rating at current price.
While UACN’s history of reporting poor operating performance dulled investor’s sentiment, we believe lower finance cost and little or no impairment charge in coming years, post exit from UPDC, supports a rerating. Coupled with recovery in the feeds business, we see improvement in earnings over our forecast period.
Comparing 5-year historical average EV/EBITDA of 9.9x, to current level of 3.3x, UACN presents a good entry point on current valuation.
At current price and based on our FY 19E dividend of N0.65, we view expected dividend yield of 10.6% as attractive and could be compelling to investors."

Restructuring exercise is POSITIVE for UACN.
"Ahead of the planned restructuring of UACN (which would involve UACN’s outright dissolution of its interest in UPDC directly to its shareholders), UPDC was classified as a discontinued operation as at 9M 19 unaudited numbers. Accordingly, related finance cost and impairment charges (through the fair value difference between UPDC REIT and market value) were classified as discontinued operation, leaving UACN 9M 19 numbers at the strongest level we modelled post restructuring. With the exclusion of UPDC from 9M numbers and restatement of prior year, UACN delivered EBIT and PBT expansion of 175bps and 150bps YoY respectively, with EPS growing 30% YoY.
Notably, without the exclusion of UPDC and restatement of the prior year, UACN would have reported a loss after tax of N8 billion (9M 18 loss of N994 million).
With the exclusion of the volatility emanating from impairment charge on the real estate property and higher finance expense (UPDC account for 80% to 90% of total UACN borrowings) we expect stable growth in earnings over our forecast period, with EPS CAGR of 12.4% between..."

Recovery in feeds business to soften OPEX pressure.
"Our market survey revealed that OLAM and UACN’s feed products now sell at similar price points, as OLAM steps down its aggressive pricing strategy.
As a result, we see improvement in sales from feeds with contribution to group revenue gradually picking up to pre-2018 levels.
In the short term, we believe the extended border closure creates some incentive for sales upside for local poultry products and by extension the feeds business."

Value play or value trap?
"With the recovery in sale of feeds already evident in the 9M 19 numbers, amidst flattened cost, we expect improvement in gross and operating margins by 117bps and 116bps YoY to 19% and 3.9% respectively in 2019.
Though the management guided to an improvement in its operating expense, we are less optimistic of a significant change as the company has only been able to tame the cost and not reduce it as at 9M 19.
On that note, we left opex to sales ratio unchanged at 15% till 2020 and gradual improvement from 2021 with mild improvement in operating margin to 4.1% in 2020 and average of 7% over FY21-24.
Further down, with reduced finance cost and absence of impairment charge, following the reclassification of UPDC as discontinued operation, we expect earnings from continued operation to print at N1.35 in 2020 (N1.32 in FY 19E from a loss per share of N2.08 recorded in the prior year) with 5-year earnings CAGR of 12.4% between 2020 and 2024.
At current market price, UACN trades at 2019E and 2020E EV/EBITDA of 3.12x and 3.01x respectively, which is attractive when compared to 5-year historical average of 9.9x."

About to"FEEDS",.
Is livestocks feed still under UACN?

“Fidelity Bank is there for anyone who cares to see. I pay the bank daily from sales. It is automatic,” Mr Onyema said

I think we should slow down on the issue.

There is now they can charge My Onyema without indicting the banks.