₦airaland Forum

emmanuelewumi:
Please carry out your due diligence

emmanuelewumi:
What will you say about Sahcol.

Current PE is 16.3, if they pay 90% of earnings as dividends the dividend yield will be 5.5%, if they can continue to their earnings and dividends by 30% for the next 5 years that will be about 20% dividend yield based on the current stock price

Dividend yield plus earning growth divided by current PE

5.5+30

Agbalowomeri:
Let the optimism push it higher.

emmanuelewumi:
Nahco making us proud

Odenscollection:
it's a lie. Nothing kerosene can do to snakes, are they flies?

Love800:
Forget all those stuffs.

Some snakes have adapted and can resist the kerosene.

The lemon grass that they say snakes are afraid of, now snakes even hide inside the grass and move effortlessly around it.

deathwing:
TIP on full bid. Up 10% to land at 16.40. Omo. I hope the CEO stays true to his word and accepts all oversubscription.

aj8:
Common Sense Target for TIP = revised to approximately 16.00 considering OS of 2.0 bill
Common Sense Target for Veritaskap = 3.72- 4.65


Please do your research/ due diligence.


@unite4real

faoogoke:
Why is an Eps of N0.93 bad result considering the increase in OS?

The numbers are slight up. I mean profit after tax, income etc.

And sure they will pay dividend notwithstanding the result.

unite4real:
I also hope so as I applied for as much as I could.
I also sold off all my holdings in Cadbury for N67.95 and deployed all funds into TIP at N14.70 in case I do not get all my allotments on the public offer. I am only guaranteed the rights issue of N7 per share. Although I didn't apply for additional rights because it will only be stupid for people to not take up such rights. I can't go and tie my money down.

Shalom428:
2026 is going to be a good one for discerning investors. TIP and NAHCO don deliver. Expecting another banger from NASCON

Follow The Money

iskalamong:
The stock has been that way for long.

Its Nigeria's Nvidia in terms of returns and momentum.

When you consider the dividend payout, dividend yield and dividend growth, its even better.

The stock is growing rapidly in performance, dividend and share price.

Now people are getting acquainted with the stock judging by its current price.

In previous years, it would be trading at N80 by now and when dividend (and result) is announced, it will go past the N100 mark. This makes it not only good for holding for the long haul but also for very easy, almost risk free trading.

But now, it is already trading at N120 (more than 10x of the expected dividend).

I think Nigerian investors are becoming more savvy. Media outlets like Nairametrics e.t.c. may be one of the reasons for this.

There used to be so many mispricings in the NGX especially close to earnings season (especially for the tier one high dividend paying banks).

Iskalamong!

.

.

emmanuelewumi:
Dividend payout is 90% of profi after tax

So I expect a dividend of N8.30k compared to N5.96k paid last year

emmanuelewumi:
Summary of Nahco result for 2025


Revenue N65.2 billion
Gross profit N38.6 billion

Operating profit N24.8 billion

Earnings Before Interest and Taxes N26.4 billion

Profit after tax N18 billion

Market Capitalization N238 billion

Enterprise Value N233 billion

Stock price N120

Equity N26.5 billion

Debt N6.1 billion

Cash N11.2 billion

Capital expenses N1.3 billion

Capital employed N31.3 billion

Total Asset N53.9 billion

Net Operating cash flow N17.7 billion

Free Cash Flow N16.4 billion

Return on Equity 68%

Return on Capital Employed 85%

Cash Flow Return on Investment 56.5%

Gross Profit/Total Asset 71.6%


Working Capital N7.3 billion

Net profit margin 27.6%

Operating Profit margin 38%

EBIT margin 40.5%

Gross margin 59%

Operating cash flow margin 27%

Free Cash Flow margin 25%

Capex/Sales 2%

Capex/OCF 7.5%

Price Earning ratio 13.2

EV/EBIT 8.9

Bahamas95:
I don't know why, this story is kinda difficult for me to believe.

How would someone stay without having siblings, friends, relatives, neighbours etc that would check up on him once in a while?



ADONBILIVIT.

Bahamas95:
I don't know why, this story is kinda difficult for me to believe.

How would someone stay without having siblings, friends, relatives, neighbours etc that would check up on him once in a while?



ADONBILIVIT.

It's possible if you live far from your home state, new in an environment and have a job with very tight schedules. He probably lived alone in a bungalow fenced round with gate. A setting that is only good for a married man with children

mikeapollo:
Theoretically, you may be right. But it still depends on the particular stock, the sector, business model of the company, the free float, listing/offer price etc.
It could be a mistake to wait for 3-6 months after IPO to buy a stock like Dangote Refinery which enjoys a huge monopoly in a very critical sector like oil and gas downstream with significant exports. Alhaji also promised to pay dividends in dollars, just like Seplat.

Recall MTN and Airtel? Their price doubled in less than six months after listing.

franknero1:
What do you think about the comment from reddit?


Do NOT buy the Dangote Refinery stock immediately on the first day.

Wait 2–6 months before entering.


WHY YOU SHOULD NOT BUY IMMEDIATELY (IMPORTANT)

1. ⁠New stocks often launch at a high price

When a big company like Dangote lists, demand is very high:

• ⁠hype
• ⁠media attention
• ⁠institutional buying
• ⁠excitement from retail investors

This pushes the price up too high in the first days or weeks.

After the hype ends → the price usually drops.

2. Early investors normally take profit

Banks, institutions and insiders who got early allocation often sell some shares after listing.

This causes the price to fall.

3. Better buying opportunities come later

Historically, Nigerian IPOs behave like this:

Day 1–14 → price rises (hype)
Month 1–3 → price stabilises
Month 3–6 → price pulls back
After 6 months → strong buying opportunity

This happened with:

• ⁠MTN Nigeria
• ⁠Seplat
• ⁠Flour Mills
• ⁠Airtel Africa
• ⁠Dangote Cement (old listing behaviour)

THE BEST STRATEGY FOR YOU

Wait 2–6 months before buying.

You will get:

• ⁠better price
• ⁠less hype
• ⁠more clarity on refinery operations
• ⁠more stable market conditions

During this waiting period you will see:

• ⁠actual revenue
• ⁠performance
• ⁠crude supply stability
• ⁠production output
• ⁠profit margins

Then you invest with confidence.