Mpeace:
Ucap is really doing well todaybut not enough units to appreciate officially.

Elumelu is about to strike, even Transcorp will pick soon.

megawealth01:


Have you sold?

I only analyse it for you, I never tell you I invested or not. Everyone need to becareful when gambling which is different from investment.

Veritas price should be higher than Unity Bank looking at their financial. Veritas EPS is 19k and price is around 44k

veecovee:

... is well. But some things that raised my eye brow over unitybnk is that it's the bank that has the lowest OS in the exchange and their last post reconstruction price was N5. Ceteris paribus, that bank should be above N5

All things being equal, the stock should be trading below N1 because it is the only banking stock that recorded loss in 2023 Q3 despite the naira revaluation.

Download the memorandum of listing on their website to see the 5 years financial summary.

[Qquote author=Uchetoba post=127065311]Did Mecure start business in 2023? Why did they publish the result for 2023 alone without their previous year's result for investors to compare and make informed decision? And why is SEC silent on issues like this?[/quote]

chinonsobest:



If they have the power to manipulate things as you stipulated, why did OANDO end up paying some shareholders millions as directed by SEC?

Is only when you make a list of what OANDO stand to gain or lose if they delist. Then you will be able to overcome the fear of delisting.

Even when Wale has given you expo that some of the agrieved minority shareholders has left but as humans, I understand the fear of unknown. But then you should ask your self if a bank was able to trust OANDO with $800m why can't I risk a million or two.


Pls this is not an advise to buy OANDO as OANDO is not a game for boys but men.

A mafia accept lost in a small battle in order for the opponent to accept them when they win the war, so paying millions to shareholders is just a compliance to regulatory instruction.

You can consult Google or textbooks on advantages of private entity, I will give only one purpose, their books will not be meant for public scrutiny so any shady transactions they used in gaming the economy won't be exposed to the public.

Are you not aware that loan approval in this part of the world is based on network connections and not credibility.

I never asked you not to gamble with your money we are only analysing information available because no one knows it all, FYI, I have over 1m units of Oando in my portfolio, we are all gambling together.

You guys need to desist from classifying yourselves men and tag some people boys. No one can always beat the market, we got our finger burnt atimes, so stop this pride that you understand the market of making profit at all times.

Happy Sunday!

You are correct with the 2022 EPS, how the auditors made such costly mistake amazes me.

emmanuelewumi:




With N2.6 billion profit after tax for 2022, using 4 billion outstanding shares the EPS for 2022 will be 65k, but the 9 month EPS for 2023 is 50k. We need to wait for the audited financial report

The Udani family are yet to sell a unit of their shareholdings, the little cross deal was transferred from Dukor shares.

cantiride2:
Mecure is likely to like some shares via IPO IN THE FUTURE.

They may not exit truly, but there are reasons behind them not releasing stocks to the market in order to push the price upward.

emmanuelewumi:




I am not sure they want to exit Nigeria most of the Indian owned businesses of the Vaswanis, Aswanis, Chellaram and many orders have been operating in Nigeria for the past 80 years, most of them their grandfathers japaed to Nigeria over 100 years.


I have aged parents who patronize them and I can tell you that the business and Investment opportunities in the health sector is enormous.


Very difficult to see a Nigerian owned family business that will outlive their founders up to the third generation

The ordinary shares for 2022 is 4billion units which is the same for 2023. Please check page 26 & 27 of the listing memorandum.

emmanuelewumi:



Are you sure PAT fell, the outstanding shares used to calculate the EPS was last year is different from the current one

Entity concept: BAT is different from Wale Tinubu and Oando so it has nothing to do with wooing investors or NASDAQ Bell ringing. Oando would be the vehicle that will be used to siphon national assets so it need to go private at all cost in order to avoid public in scrutinising their dealings. They may increase the buy out price to compensate minority shareholders, but it will definitely go private.

BabsO2:


I thought of this angle too. He rang the NASDAQ bell calling for FPI' to come to NGX. Oando delisting plus all the other delistings will make a huge mockery of his wooing FPI and FDI investors.

He will be in G20 next week in Germany on special invitation.

Exactly, what am thinking, they move their shareholdings from 20k to 4 billion for listing purpose. They refused to sell to the market after listing and strategically inflating the price for them to exit at optimal price. They will recoup their investment and also hold substantial holdings while they keep managing the business and also pay themselves bogus emoluments at the expense of dividends to other shareholders.

ositadima1:


Considering that the family holds over 96% of the company's shares, what could be the motivation behind listing the company that has been operating successfully since 2005? What is the underlying strategy?

I hope it is not a covert tactic to partially withdraw from Nigeria at the expense of the public. For instance, the stock price could be pumped up, followed by a gradual sell-off of shares.

I don't need to look at the messenger, but look at the message, analyse the elements of truth in it and also link it with public available information to guide my investment decision

OBAGADAFFI:


Be carefull with information from Jackson Ude

The result is not impressive in my opinion because they did 2.6billion for full year of 2022 as a private company, I don't see them making 700m within 3 months to match 2022 performance. EPS fall from 1.3 to 0.5.

Locotrader:
With Mecure 4billion os, I don't think this result is bad.Market will still review the price upwards.The stock will still touch #6.50 to #7 but as a new company at NSE,I will set my entry at #4 to 4.50 if the opportunity calls.

Using the word "thrash" is unnecessary, by the way you should also note that they can use govt power to push away minority shareholders. It has both pros and cons

ProphetUtuocha:
Thrash! Rather than being a negative, it's inadvertently positive to Oando shareholders. Being close to the government in power is afterall a plus for us!

Bank will use your last AFS and your current performance with assumptions to analyse the future projections, but in a situation where past performance is yet to be certify and such company got approval calls for questioning, such company can get all things to muscle out minority shareholders

mikeapollo:


You may be right, but only to some extent.
What banks/businesses invest in is the FUTURE, not necessarily the past.
A company may have a terrible past, but banks would give loans and invest in it if they are convinced of the future prospects. Most companies doing well today have had difficult pasts!
Oando has good prospects as an upstream company (sales and receivables in dollars), plus additional resources from the acquisition of ENI. Their shares would clock the N100s the moment they are able to stabilize paying their loans and dividends to shareholders

A company that can get loan approval of $800m without latest AFS, got court case withdrawal through govt will definitely buy it way to get kangaroo judgement to muscle out minority shareholders.

megawealth01:


The only fears here na the delisting if not Oando suppose do well

Below thread is exposed information on Oando:

https:///jacksonpbn/status/1725482936261054629?s=20

Mpeace:
Oando's potentials are not in doubt. Its just the managers that people fear.
The stock would rise unbelievably if only Wale has enough units and wants it up there.

The integrity of AFRIXM management should be question, how could you approve $800m loan for a company without due diligence? No latest audited FS. Africa financial services market I shitty

mikeapollo:


If the release of their results and corporate info are managed well, Oando could break the N20 mark within 2 weeks.
As highlighted in the FY2021 audited accounts, I think Oando's FY2022 results might not be too great, and that may cause another decline in price when it is eventually released. Please watch out, take advantage to buy more if possible.
But FY2023 should be much better, and that should impact the prices positively. The FY2021 audited accounts mentioned the fact that company expects to start making profits from FY2023.

Trancorp is the most underpriced stock. I see the stocks going places in the near future couple with the recapitalisation of disco by FG. I see Transcorp acquiring some discos soon.

The letter clearly stated that it's shares based on private arrangement to acquire 100% in a company and another 40% in another company, so the ordinary shares will increase

ebuka1997:


Unless it’s convertible warrants that can be turned to shares in the future it will.

It will definitely increase the equity and investment in subsidiary on the assets side.

Harvestock01:


Not necessarily because of the assets swap nature of the deal but we will need to see the full details of the placement deal for a more informed analyses.

Transcorp

Hedgefunds:
IF YOU HAD TO BUY AND HOLD JUST 1 STOCK FOR THE NEXT 5 YEARS, WHAT WOULD IT BE?

cc
emmanuelewumi

ojesymsym:
That guy was actually buttressing your point na.

Read am again

Thanks for calling my attention, I have apologised to him.

ositadima1:



I don't know where you saw in my post that there is one way to wealth creation. I may have a prospect to relocate and I asked if I could fund my account in naira from wherever I find myself.

Then I mentioned one of the reasons why I would do that.

Besides, it's not theory - everything I wrote there is pure fact. I knew with almost 100% certainty that GTCO and DANGSUGAR would deliver before they did, and if you follow my posts, you'll see that it's there. I also know that bonds now are at above 14%.

The only thing I don't know is the fate of the naira or the UK bond rate in 10 years.

My apologies, I think quoted you wrongly.

ositadima1:


That is part of the plan.

I did a little calculation, but before that I want to point out that the Nigerian market can be predicted to a large extent, although it requires a lot of patience and observation. Some notable stocks that would have been almost sure bankers for an astute investor are GTCO, DANGSUGAR, and some other banking stocks. By this time last year, the picture would have started to become clearer.

Now back to the calculation. ₦25 million, which was £25,000, was doubled, and now he can sell off and enter sukuk or long-term bonds at 14% minimum. After ten years, his ₦50 million (after the double) would amount to ₦113 million, while the same pound at 4.5% would be £34,000 at the end of 10 years. The naira would need to fall above ₦3,320 per pound for him to do worse in the next 10 years.

Most of you don't understand that no one way to wealth building through portfolio management, you don't have to stick to a pattern. You move base on changes. What you wrote is just theory which is good on paper only. For your information I only invested 30% of my savings in the NGX, 70% is in fixed income in the UK which would be used for future investment in £, that is diversification.

megawealth01:
Dey play... How much was pounds then and now?

I think you need reason and punch calculator before nasty comment. I sold pounds @ N1,000 and it is around N1,230 which is about 25% depreciation and my portfolio appreciated above 100%.

YoshihideSuga:


I'm curious, why would someone abroad use dollars to invest into companies which are generating their revenues in naira? Is that financially sensible? Investing in the NSE makes sense if the investor generates his cash/earnings in naira, not dollars.

Depending on the angle you are looking at it. I invested N25m in May 2023 which was £25,000. I bought over 8m units of Transcorp, I exited with value in excess of 40m which was around £33,000. I entered Oando @ 7.35, it rose to N16, I didn't sell because by my projection I expected Oando to do N20. Even @ current price my portfolio is around N50m (£40,600). Can you now tell me it unwise to invest in naira? I believe in price appreciation strategy and not dividend payout.

The best interest you can get in the UK fixed income investment is 4.5% per annum, if I had chosen that option my investment will worth £26,125 after a year.

Fuckingmallam45:

Bros we know what we are saying, below statement was from my cousin, who's residing in UK presently.
" How expensive is to have a car in London?
Running a car in London is dear. You have to pay insurance, road tax, fuel, maintenance and plus the penalties-touched a bus lane, congestion charge zone and parking places during restricted hours.

For a small car, road tax is a bit cheaper but for a family car is dearer. It depends what car you would like to have.

Mine, I paid £25 per month for my road tax and my insurance is around £20 a month and I have not added yet some penalties I had.

How many times I got fine just for parking my car on Sunday in Westminster. I thought it was at weekend but it was not. I forgot to read a small sign lurking in the dark. You see how expensive is London for motorists. I paid £60 within 14 days. If you lapsed paying within 14 days, you will pay more than a hundred quid.

However, if you are not used of having a car, better not to have one in London because public transport is very efficient.

But for those who are used of having a car, it is very difficult to let car go. I feel like my car is my faithful friend"

You said £20 road tax, £20 insurance is too expwnsive? Can you please post how much you get paid per hour? Then compare with earnings and Tax in Lagos to know which state is more expensive. You committed traffic offence and you are fined, what do you expect? All what you mentioned are totally different from what Lagos govt did

amaridigital:


Will you be willing to pay the same amount those guys in the developed countries are paying for electricity, education, transportation etc? Find out the cost of taxi ride in New York and you will pee in your pants. Tuition fee per year in an average American university is about $7000 for the locals which is above #4.7m per year while our students at some federal Universities here are paying #10,000 per year. You want the best facilities but you are expecting God to help you pay for them.

Point of correction, citizens don't pay the fees you quoted, most of them are on student finance. My electricity bill alone in Lagos is 60k despite blackout and I still have to buy fuel to power my house, in Manchester my gas and electric cost me £75 monthly without interruption of supply. Do the calculation yourself. Is Lagos not expensive than Manchester?

You guys will just be posting beer parlor gist online.

inoki247:


isn't about quoting the country I know nothing about you're the one wey no understand what im saying or is beyond ur thinking capacity here...

always trying to play Politics with everything here normally every land must have a step back...



The Step Back na Govt property dey can choose to put sign board dere nd if dey feel like leasing it out for parking na Govt property...


Just because UK no get fence dere are perimeter you've access to park if u pass dat perimeter u will be fined talkless of a place where dem don du fence already still trying to make use of where don pass dere allocated land....

Am not here to argue or make any political score just need to correct you on generalizing things that parking on road or setback are taxed in the UK.

Enjoy your weekend!

Difrent:


You are very stoopid.
I'm talking to those who can afford to drive a car in London not underground hawkers like you.

Does low standard of living exempt anyone from paying taxes? Does anyone go on a rant about paying parking fees in England and insinuate the London authorities are doing so to raise campaign funds for Boris Johnson?....your foolishness is enough reason for you to be deported.....English men detest fools like you.

Don't say what you don't know, you can buy a car from your one month pay in the UK, it's in Nigeria that is meant for rich people, a teenager on minimum wage drive a good car in the UK.

Elddergod:


Outside your house is not your house..
It's a normal thing in developed society. You want Nigeria to look like Dubai yet you can't adhere to simple instructions..this is what they do to organize their cities and you don't see them complain.

IT IS DIFFICULT TO GOVERN THE BLACK MAN ��

May be when you visit UK and you see how vehicles are parked you will come and delete this post. I don't know why people will just make example of what they know nothing about. Most vehicles are parked in the road in UK.