₦airaland Forum

PETERiCHY:
UBA Dividend just landed

So you have up to 500,000 units of UBA and your are advising people to leave NGX.
That's people here don't take you seriously.

yMcy56:
Transcorp on full offer!!
These big guys be toying with this market upandan....

@Locodemy, Oya keep your spare fund for close by ooo.... Let's keep waiting for the next news .....
Even if it's for Transcorp, I'll hang around for now...

Somebody angrly offloading after fail takeover

Agbalowomeri:
One leg north
One leg south
What a lovely spread

You are always erotic

yMcy56:
Overtime, Transcorp may go and balance @ circa N5......just my opinion.

Once Tony/HH Capital is able to control 50%,
Otedola 10%
UBA nominees roughly 10%,
Then, Free float will reduce to less than 30% (From 89%).
Na just my opinion o.

HH, UBA are Tony's indirect holdings in Transcorp.

Tony H.Holdings doing well o

locodemy:
Other stocks that closed on full bids today are:

Livestock
Total
Nnfm
Aiico
Japaul
Ikeja hotel
Academy
Ftn cocoa

Some did 10%, some 9+%, some 7 - 8+%.
Soon 52w high will start pouring in if more bullish strength is seen in the market.

Only:-
Livestock
Cadbury
Honeywell
Transcorp
RTBRISCOE

pluto09:
I have been buying DS since last year after they published their q2 result though I was disappointment with q3 so I am not looking for endorsement. One of the attractions then was the low price of raw sugar.
I looked at price of sugar in the international market yesterday and I was not too comfortable with what I saw hence my calling on oracle to say something about the chart on sugar . Between the time I checked last year and yesterday, price of raw sugar has gone up by about 50%.
Going by my experience over the years with DS, an increase in the international price of sugar always affect the company performance as there will be a time lag for them to pass the increments to the consumers.
When one decides to have a substantial part of his portfolio in a particular company, I believe one should be well informed about the company and everything that can affect its performance going forward.

DS backward integration is the biggest sugar investment in Nigeria,

Princkez:
JAPAULGOLD

JAPAULGOLD didn't close on fullbid

FullBid ;-
Cadbury
Honeywell
Transcorp
RTBRISCOE

emmanuelewumi:
Mind you, I don't pay corporate tax


My younger sister pays far more than that oo. I am sure a lot of people on NSEMPA pay more than that

21% as tax is on the high side

Nice one.
I am Learning everyday

emmanuelewumi:
It is still cheaper. I don't think I would have paid 500k per annum if it was PAYE.


That 500k per annum covered my direct tax assessment for the 3 branches of the business

Oga 500k plenty o.
That's more than than 40k per month.
PAYE is from 7% to 24%.

Most big CEOs don't pay more than 21%

emmanuelewumi:
They only used their discretion, that I should be be able to pay an additional tax as my personal income tax even though I don't report to work every day roughly between 10 to 12 hours per week.

I need the tax clearance to renew my permit for the business

That's discretion is the reason why some of us register as LLC and fill income tax through our Salaries (PAYE).

FIRS is mild compared to LIRS

emmanuelewumi:
How can I be on 3 payrolls. The direct assessment is cheaper for me.

I understand

emmanuelewumi:
It is registered, they are paid PAYE every month from the workers

I think the direct assessment from LIRS which I pay once in a year is cheaper for me

I don't like the direct assessment, because it is at discretion of the LIRS.

As a business owner, you should also be on the payroll
Filling your PAYE through your company payroll is cheaper and convenient.

emmanuelewumi:
They hate passive income earneers like Kilode.

Yes, but registering your company and filling your tax through Salaries is the best way to handle this situation.

Mpeace:
Mtn suppose pay today oh. Nothing yet.

Yes .

MTN has paid

jideflash:
FG approves Oxford Malaria vaccine
“The Marketing Authorization Holder is Fidson Healthcare in line with the Agency’s Drug and Related Products Registration Regulation 2021.
https://nairametrics.com/2023/04/17/fg-approves-oxford-malaria-vaccine/

This is good news

Zagee:
TOE has refused to price his possession for long and make shareholders smile. Oh well, I hope he losses out oh.

He learning the hard way.

Lion123:
Elumelu/Heirs Holdings are the ones behind the massive bids on Transcorp today and not pension funds or institutional funds. Also, Transcorp rushed to publish their bad results yesterday in an attempt to drive down the price but retail investors no dey gree sell. E dey sweet.

Well, Elumelu/Heirs Holdings won't allow transcorp out of their grip.

ositadima1:
I watched the movie nah, Jordan and his team made mad money by cunning people into buying bad stocks, especially dead penny stocks. It has nothing to do with volatility.

Those people in the movie were not even doing any TA or FA, just be buying stocks based on recommendations from the wrong people.

To make money in the market you need to do due diligence, whether TA, FA or with luck charms.

Well they feed on greedy investors.

dapix:
Abeg which bank una dey use o, as I never see my own o, and cement o?

UBA

Dangote Suger paid

Mpeace:
Transcorp will go places before a very fast reversal. E go be fastest fingers first. But befor then it has to go beyond 2naira

Transcorp is not for the impatience and faint hearted

Lion123:
No. According to the annual report, Tony owns less than 5% of Transcorp. If he owns more than what is stated in the annual report then he is likely committing a crime of non-disclosure which should be punishable.

I said through "Heirs Holdings".
Tony is Heirs Holdings chairman.

Mr. Tony O.Elumelo, CON ( Heirs Holdings LTD) (Indirect)
Mr. Tony O.Elumelo, CON ( HH Capital ) (indirect)

BabsO2:
What are these two men Otedola-Elumelu up to with Femi reportedly currently owning more Transcorp shares than Tony ?

Tony Owns more shares in Transcorp through Heirs Holdings

yMcy56:
I thought AMCON was the buyer

Femi Otedola

emmanuelewumi:
It is the lowest in the sector


Dangote cement has about 17.5 billion shares

Bua cement has 33 billion shares

Thank you.

Still wondering why the price is still @21

emmanuelewumi:
I was able to extract the following from the current annual report of Lafarge Africa about 2 weeks ago.



Revenue: N373 billion
Equity: N416 billion
Outstanding shares: 16.1b
EPS: N3.33
3 years average EPS N2.80k
Net asset per share N25.80k
Return On Equity 13%

Total Asset N601b
Current Asset N196b
Current liability N168b
Working capital N28b

Cash: N118b
Excess cash N99b


Operating expenses N113b
Capital expenses N23b
Finance cost N16b


Market capitalization N425b
Enterprise value N352b


Operating cash flow N100b
Free cash flow N76b


Profit margin 14.5%
FCF margin 20%


Gross profit N196b
EBITDA N108b
EBIT N86b
Operating Profit N84b
Profit after tax N53.6b


Capital employed N433b
Invested capital N334b
Net debt N17b



Gross profit/total asset 33%
Quick ratio 70%
Capex/sales 6%
Opex/Sales 30%


Return On Capital Employed 20%
Return On invested Capital 17.6%
Cash Flow Return On Investment 23.1%
Cash Return On invested Capital 23.6%


EV/Sale 0.95
EV/FCF 4.1
EV/EBIT 3.85
EV/EBITDA 3.25


FCF/Enterprise value yield 24.6%.




I will share that of BUA cement tomorrow and Dangote cement on Monday

Lafarge Africa got sound fundamentals.
It should be trading @50, but the Outstanding shares: 16.1b is high

yMcy56:
Twale sir. Na people like you just dey collect free money from NSE.
Long term also have it's advantages if one can get it right o.

Can just imagine if the SEPLAT I picked @312.70 is still there, Nahco @2.06, FIDELITY 1.77, etc. You for never see me here self. Will just be coming to read as a guest too. Lol. Let me make myself happy at least.

You are the Qween here.

If your have MTN hold it well o o

emmanuelewumi:
Very good.


Hope you paid your tithe

Yes o.

emmanuelewumi:
What did you buy with your loot

WAPCO - %113
UCAP- %304

Others
FBNH-%102
GUINNESS - %142

Since cost has been recoverd through dividends, i see no reason to sell them.

yMcy56:
April 6th is the final qualification Date , will be marked down the next trading day which is 11th April.

** When I was telling Pa Emma to specify earlier, e be like say my own too much.

In another news, I was searching for something and stumbled on the attached in my statement.......for doubting Thomases......
ZENITH picked @10.70 and 10.75 in March 2020......
UCAP 3.24, Fcmb 1.44/1.89, Wapco 8.90/9.10, Jaiz 0.42/0.47k, Transcorp 0.60/0.61k, Fidson 2.45, FBNH @4, etc.....and the Ucap was expensive then cos it went back to around 1.90......
Chai! It is well o
**Imagine if someone had retained the stocks at these prices till now!

Most of us didn't offload this stocks since 2020.