₦airaland Forum

BullBearMkt:
A last call?

Streetinvestor2:
On a serious note @ osita.That profit you posted from that revenue can not be right. Which kind baboon dey work monkey dey chop financial statement.And the 15 is not even right for cost.For naija it 45 and above.

megawealth01:

yMcy56:
ELLAHLAKES trying to reverse up as well....
Is it behaving like twin bros of Caverton? Lol.

Osita,at least I made positive post about Ellah now, na wetin I observe for market....

Some Banks trying to add small flesh small today......GT, WEMA, Sterling, Fidelity

BullBearMkt:
...it is sometimes good to have comedian on the platform

crownprince2017:
Na the person wey they compare caverton wey yahoo them with numbers with ellahlakes cause am...


No vex my oga..

yMcy56:
Well said Boss.

Streetinvestor2:
vex self dey catch me. The stock I saw last month for my 1 million naira challenge has almost done 50%.I saw it at 1.20.Na to begin look for another one.
Happy new month and the month of my birth. I won't say independence because nothing to celebrate for such occasion

GeeKudi:
It is called living in one's own bubble. Make a post with S, like it with G and share it with the clownish Und

Ginalex:
My wedding gift came in earlier than expected ...

Ginalex:
MY UBA full bid o. Bid will scatter everywhere 💃💃💃💃

Streetinvestor2:
You see that victim mentality or format does not work with me.I don't know what it means to be gentle man.My kind of Christian is if you slap me firt.I will not slap you back.I will rather remove your head.
To all mY be concerned. If any one comes here to attack me first and you pretend not to see the rubbish. When I react. Pls don't come to my post to try to me on how to react .It has been playing out severally now.If you don't caution such post then don't respond to mine because you won't like me

SonofElElyonRet:
Birds of the same plumage...

Streetinvestor2:
I am very happy with myself because I don't come to this thread to hustle rather I I hustle on nse.They are complete two different thing. I can beat my chest and say every stock I have ever supported on this thread has never returned to the trading price when I called it or supported. And if you say I am lying bring out the stock and I will search and bring out the post when I called it out.

Dangota cement
Transcorp plc
Chem
Presco
Uba
Ucap
C and I leasing
Varitas
Wapco
Oando(which is still betnaija)
I no dey do marketing for yeye stocks and have active businesses which is my main thing. Onlike the ones home/abroad claiming audio portfolio which we done decode long ago.Na here be there main marke 24/7...lol.I am thr biggest obstacle to dey continue to hammer for people head with yeye calls.why can't you people try to be like Emma of this thread.
The funny part of life ,they are equally helping me to recover school fees I paid in some of these stock fish like japaul. I have never asked anyone to buy IB since I started making loss in it..If you are not highest mugu how can you even consider dead wood like unity.

yMcy56:
Caverton don turn it's back again against her faithfuls......full offer @2.68 today again......

.

Streetinvestor2:
ok BV in the positive based on asset/liability. Why is the retained earnings still heading south

ositadima1:
Based on current plans and progress, Ellah Lakes Plc is anticipated to commence revenue generation in 2025. Their 2,400 hectare oil palm plantation in Edo State is projected to commence oil production in 2024, and their cassava processing plant is also anticipated to be operational in 2024. Upon the operationalization of these facilities, Ellah Lakes will be able to begin selling their products and generating revenue.

Its total equity stands at 19.9 billion naira as at the end of July 2023, which has been increasing, primarily owing to land appreciation. The group has been incurring an average of 900 million naira annually to run the farm and business. I estimate that they will expend a total of approximately 2 billion naira before commencing revenue generation in 2025. This amount will be covered by land appreciation.

ELLAHLAKES possesses 5,000 hectares of land, with 2,100 hectares currently planted, while OKOMUOIL owns over 32,000 hectares of land, with 19,000 hectares planted.

Below is a simplified back-of-the-envelope calculation of what may be anticipated from ELLAHLAKES in 2025:

*Currently, OKOMUOIL generates 16.2 billion naira in profit after tax (PAT) from their 19,000 hectares.

*I project ELLAHLAKES to generate 1.8 billion naira in PAT from their 2,100 hectares proportionally.

*Assuming reduced efficiency due to ELLAHLAKES being relatively new, 0.8 x 1.8 billion naira = 1.44 billion naira in PAT.

*Earnings per share (EPS) of 1.44 billion naira / 2 = 0.72 naira.

*At the current price of 3.13 naira per share, the price-to-earnings (PE) ratio should be 4.34 compared to 14 for OKOMUOIL.

*Estimated dividend yield of (0.72 naira / 3.13 naira) x .8 = 16%.

Conclusion: If all goes well, purchasing it now or at a lower price, if feasible, would be akin to purchasing UCAP in 2020, lol.

Additionally, I have observed increased interest in the stock in the last 3 months. A stock that previously traded below 10 million naira in a month is now trading 300 million and 190 million naira monthly.

lexy2lexy:
I’m yet to receive Zenith interim dividend. Is there any other person yet to receive

Panadee:
Same here. I sent an email today to customercare@veritasregistrars.com but it 'bounced back'.

I then sent an email to enquiry@veritasregistrars.com but there has been no acknowledgment of receipt.

Same thing happened to me with the 2023 dividend payment but the email I sent to their customer care was replied and the dividend paid within a week or so.

Agbalowomeri:
Good job baby girl
However, you can hardly get any naija bank selling above PBV > 0.5
Dividend is important. I don't see ACCESS giving N3 so stock price would still hit resistance at that 30. However, I am almost sure that it can do a 30 by 3rd week of January (yes take it to the bank ) which is 50%. You notice how UBA has been hovering around 23/24. Na majority wey dey risk for 10% dividend. At all at all.... . Naija Banks will also hardly sell above P/E of 4 unless we see a RoE of 40%

Sorry to dampen your expectation. Na grey hair dey worry me Lol . Apart from FBNH sentiment, all banks will move together and the likelihood of better capital appreciation historically has been better with lower priced banks. It's just the way our psyche is conditioned in this market.

However, maybe we will get a new ololo trend this time.

BullBearMkt:
It can, to form double bottom. The corrections will then change from simple to complex.

BullBearMkt:
You are absolutely correct Agba!
As soon as the All-Share-Index completes its correction and closes above 100,528; then...

crownprince2017:
Up till now, pa Emma, aj8, ogg, mcy et.al did not tell me their clear view of fidson based on their recent reports.


Sell or hold

ositadima1:
Let me try my hand at analyzing Fidson. Fidson is a tough one, and there may be hidden notes in the 2023 financial report, but I haven't checked thoroughly.

Fidson's cash flow from operations is about 1.54 billion naira, as reported in the financials, which it almost entirely paid out as dividends of 60 kobo per share. However, capital expenditure was several times the cash flow, at about 4.53 billion naira, which I guess was funded by a 6.7 billion naira increase in borrowings for the year.

Most of this capex comes from capital work in progress (WIP), about 3.3 billion naira. A similar magnitude was also invested in the previous year, 2022. I don't know what they're planning, but maybe they acquired some of GlaxoSmithKline's assets. Since it's WIP, it's not yet operational and has yet to generate revenue.

As I mentioned before, debt increased significantly, but the debt-to-equity ratio was still acceptable at 0.96. I anticipate Fidson generating much more revenue and, consequently, profits when the WIP investments become operational.

I hope a FCFE per share of 1.2 naira will not be too far off. Running the MC simulation with 1.2 would put Fidson's value between 16 and 31 naira. Fidson appears to be undervalued.

Note: The key to Fidson's future performance will likely be how well they can translate their capital investments (the huge capital WIP) into revenue and profit growth.

aj8:
Over priced based on eps. Common sense about N3.30 and still falling . Not the type I like to touch even with my health care background. Time to book whatever profits and let your principle run if you are in love with the stock.

creategist:
This is highly unnecessary

Megapower:
This is becoming an obsession, just out of the blues
What's the connection?

godlyguy:
You can all see that Oando and their marketers don't seem to have the sincere interest of their shareholders at heart.

They don't mind circulating old news just to market it. The politics around it and media hypes is what people are buying for the moment so they have to keep dishing out recycled news to keep the price within a particular range until it gets to their target so they can raise funds from the same people that have not benefited anything since they started this wayo years back. I pity the unsuspecting. You are dealing with manipulative heavy money bags

New entrants should be very careful of this government, Oando and their many marketers here and on many other fronts. See what the government is doing to Alhaji ref. And you want to believe them on this Oando packaging? Someone said E go cast and everyone wants to swallow him.

Safeguard your capital/money newbies until they do the needful and not just selling hopes in hopeviles by whatever means possible

Be wise