₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_MAY%20BAKER_2013-11-29.pdf

http://www.nse.com.ng/Financial_NewsDocs/C%20AND%20I%20LEASING%20PLC%20HALF%20YEAR%20JUNE%202013.pdf

Moneysage: The bulls are chopping grass They may not efen sleep overnight... Let's see what the week holds for d NSE.

BTW, does anybody has info about Sterling bank? Seems they recently released a financial statement.

@So-brit: Stockbull is the BOSS!!! He has earned his impeccable reputation. I guess his hands are on some other projects or he his enjoying some market cash. Sincerely, I like d way Oga Elai and B2Brich fill in for Oga stockbull.

Lest I forget, where is stockbear kwa? I thought he will be a good complement for oga stockbull but it's been a while he posted here.

STERLING BANK PLC: UNAUDITED RESULT
FOR
THE PERIOD ENDED SEPT. 30, 2013- N’000
Gross Earnings Sept 30, 2013 N65,120,660
Sept 30, 2012 N49,559,232 Profit/Loss
After
Tax Sept 30, 2013 N 5,074,367 Sept 30,
2012
N 4,493,226

Www.web.ugometrics.com/official-letter-transcorp-plc-shareholders-detailing-companys-recent-achievements-future-plans/

Transcorp this week gained 61.7% to rise to
the top of the Gainers chart. The astronomic
rise began in the week ended 8th of November
where it gained 20% followed by the week
ended November 15th where it gained 60% as
well. The stocks seems unstoppable at the
moment and its no coincidence the Chairman
of the company, Tony Elumelu had to release
the official statement in the website of the
NSE.
I am writing to thank you for your
support and to report that we are
already seeing the first fruits of our
plans to deliver value. Significant
recent successes include:
• The acquisition of the 1000MW
capacity Ughelli Power Plc through our
subsidiary – Transcorp Ughelli Power
Ltd (TUPL). TUPL paid $300m for 100%
ownership of the Plant. On November
1, 2013, TUPL successfully took over
ownership and physical possession of
the plant. We will significantly raise
output, from the current 160MW to at
least 1,500MW, over the next 3-5
years. With a dedicated pipeline
supplying gas to the plant and a long
term off-take agreement, with the
Bulk Electricity Trader, the return
profile of this investment is
compelling. The potential impact of the
investment on Transcorp’s fortunes is
significant. Equally important is the
impact of secure and sustainable
power generation on the living
standards of all Nigerians. We are
proud of the leading role that your
company is able to play in the
transformation of a sector critical to
enabling Nigeria achieve her true
potential.
• The signing of an agreement with
Hilton Worldwide, to commence the
development of a 300 room five- star
hotel in Ikoyi, Lagos, complementing
our flagship Transcorp Hilton in Abuja.
This project will be the first of eight
internationally-branded hotels that we
plan to build over the next five years.
Construction will begin in Q1 2014 and
will be completed within 30 months.
We have also completed the
acquisition of a site in Port Harcourt
for the development of another 300
room five star hotel. We expect to sign
the management agreement in Q1,
2014 and commence construction by
the second quarter. Nigeria is
dramatically underserved in the
hospitality sector, and we see many
opportunities to bring world class
facilities to our guests from home and
abroad.
• We also commenced the renovation
and upgrade of the Transcorp Hilton,
Abuja, Nigeria’s premier five-star
hotel. As well as a dramatic
transformation of our existing
facilities, this project will also see the
addition of a 5,000 seat capacity
conference facility and 200 serviced
luxury apartments to the hotel, firmly
cementing our position as the
destination venue in the Nation’s
capital, Abuja.
• The commencement of production of
orange, mango and pineapple
concentrates from the Teragro-
Benfruit plant in Makurdi, Benue State.
In October 2013, the plant received the
ISO 9001:2008 (Quality Management
System) and FSSC 22000:2005 (Food
Safety Management System)
certifications, illustrating that our
products and processes meet the
highest global standards. We plan to
significantly increase the size and
scope of this business. Teragro is the
only juice concentrate producer in
Nigeria and we are creating a fully
integrated agro-allied business,
ensuring that value added processing
occurs here in Nigeria.
• We continue to develop our oil and
gas strategy, with our existing oil
block, OPL 281, expected to begin
production before the end of 2014. We
have put in place a world class
management team and are committed
to developing the synergies between
our natural resources portfolio and our
power interests, creating an integrated
energy approach that directly links
Nigeria’s natural resource wealth to
the daily needs of our people
These successes, which are the
products of the recent transformation
in your company, will begin to
contribute month period ended
September 30, 2013, your company
recorded profits before tax of N5.1bn,
a 30% increase over the total profit for
the whole of the 2012 financial year.
Looking forward, your Company will
continue to create and grow value in
our chosen core business areas of Oil
& Gas, Power, Agriculture and
Hospitality, through strategic
investments, acquisitions and business
turn around under pinned by our
watchwords of Execution, Excellence,
and Entrepreneurship.
Likewise, we remain committed to
identifying and transforming
underperforming businesses, in other
sectors, which we believe are critical to
our nation’s growth.
We thank our current, over 300,000
strong, indigenous shareholders, for
their support and look forward to
welcoming many more to join in our
success. We will not relent in
positioning Transcorp as a true vehicle
for popular participation in Nigeria’s
bright future and prosperity.
Tony Elumelu CON

Krisuba: Pls any site with price history? Used 2 use cscs b4 thier curent one bt can't locate price history anymore.

Try http://www.nse.com.ng

http://www.cscsnigeriaplc.com/home/new/dailypricelist.jsp

mercylicious: Guy, u no try ooo. D guyfit go load chams thinking u are serious.
The truth is that its not easy to get a gud stock dt nobody is interested in. What you should be asking for is fundermentally gud stocks selling at a discount, or stocks that policies might favour very soon. You are either a trader or an investor, traders are speculators, they use mostly news, investors use coy results to analyse coy and forcast into their future.

I would also want you to note that you take responsibilities of ur decisns. Ppl on this forum can only recommend, but in the end, anything can happen.

Stock mkt is not entirely predictable. I bought eterna oil wen the fair value was 7naira but was selling below dt, I was expecting a gud result. They delayed their result by over 10months and wen d result was out, it was a flop. No div was declared. I wanted to sell same day(at a huge loss), but I didn't sell by stroke of luck. Few days later, forte oil and con oil started rising magically, ppl started taking position in eterna oil, later news came dt some subsidy amt have been paid to petroleum mkts. Another rumour came out dt they hv sumtin to do wit power and it has been riding high since then.

On the other hand, wen transcorp was N2, I was waiting for it to dip to 1.9 so as to take position in anticipation of the power deal, b4 I knew it, the thing sped off and has refused to retrace.

No one formula solves stock mkt equatns.

Ma you are right, this made me to remember one of my oga quotes that said "you're the ceo of your portfolio "

SWG 1: I think there isnt much interest in Ag leventis, ABC-trans and a slight interest in Ubacap. just do your due diligence before u embark on the bus.

but seriously, there is no good stock ppl are not interested in.
The type of stock i think ur looking for a very risky ones which there only movt from scrap garage is good news. If thats the case the' tell me. I ve loads of them in my portfolio eg DAAR for a start

Cho! Oga you too harsh i, and DAAR COM. Anyway share make he try UNIONDIAGNOSTIC, or CHAMS,. Nobody is interested in these stocks as well

SWG 1: Reminds me of my Unic, Guinea and IEI insurance coupled with UTC,PHB and union diagnostic. Even if i find buyers, i can't just sell it without going through big time Agony.

Well since transcorp and oando have left, let me gradually board Abc transport.

My Oga una don forget CHAMS PLC

jposuagwu: @Feelalong

Who is your broker? I need to port from my broker. Who knows agbero broker that can deliver mandate same day?

My date is always taken care same day. I used shalom

Union diagnostics don leave car park. What is new o

ihedioramma: WHAT WAS THE PRICE AT 2008 LISTING?

Either #7 or 7.5k

Born 2be Rich: E bi like say u dey front seat for dis bus.

My Oga how I go de for front seat where you de? Na one back seat I de, but I know say the stock go make me laugh with the little unit l get

Oando Energy Resources reaffirms
acquisition of Conoco Phillips’ Nigerian
assets
November 13, 2013 | Filed under: main story
| Author: Editor
Oando Energy Resources(OER), an affiliate
company of Oando PLC, focused on oil
exploration and production in Nigeria, has
expressed confidence in concluding the
acquisition of the Nigerian oil and gas business
of ConocoPhillips (COP). The corporate affairs
department of the company made his
statement, refuting a wire service report that
the deal had already been concluded.
OER had paid COP an initial deposit of US$435
million and the net purchase price payable to
complete the acquisition of the remaining
assets associated with the COP Acquisition is
estimated to be approximately US$1.22 billion.
To conclude the deal, OER has also received
commitment letters for up to US$815 million
of bank credit facilities, with US$465 million
drawn from Reserve Based Lending Facility,
internationally placed and led by BNP Paribas,
Standard Bank, and Standard Chartered Bank;
and a US$350 million Senior Secured Loan,
jointly arranged locally in Nigeria, by FBN
Capital and FCMB Capital Markets.
“Maximizing value for our shareholders is our
ultimate goal, and through optimal financing
we remain determined to conclude the COP
Acquisition as soon as possible and increase
our market share and infrastructure within the
sector,” said Pade Durotoye, CEO of Oando
Energy Resources.
Once the deal is concluded, OER’s daily
production will substantially increase from
4,500 bpd to 45,000 bpd, and will place the
company as the largest indigenous producer
behind the International Oil Companies (IOCs).
The acquisition also paves the way for other
indigenous companies to address operational
boundaries within Nigeria and position
themselves as global players, thus providing
unprecedented opportunities for local and
international investors to invest in Nigeria.

Www.businessdayonline.com/2013/11/oando-energy-resources-reaffirms-acquisition-of-conoco-phillips-nigerian-assets.com
Oando deal with ConocoPhillips

Born 2be Rich: I read somewhere that the dead line for the conoco deal will expire on 30th of nov

Please my Oga how true be this tory, though I trust say you no de give fake.
But nowadays you no de gree answer my question.

feelamong: guy,.. you want make Otedola pass Adenuga for Forbes Rich list??

I am scared of this stock, though I bought a little unit. Which was less than 1000 unit, should I hold or run?

Born 2be Rich: Na wah o..Conoil don amost reach N70...wetin Oando still dey wait for na..

Please wetin de push Conoil Is it still the results or something else?

bigx: 1 unit

Thanks

My Oga at the top! What is the minimum amount of holding (company stock) I can have to register for edividen..
My ogas, sir stockbull, Elai, b2brich, 9free,ma'am mercy and the host of other. Please help

Elai147: I foresee Oando shares jump up by 40% by end of Nov but this FO get as e b sha

Na activity Oando dey... Na only CoP deal completion go fit perform some magic and that may not be this year. Oando shares still dey under review by most analysts because of the ibori saga wey never clear finish. The only tin wey dey fear me be say before we go officially hear say CoP deal don complete, the inner caucus men wey dey get insider information go don buy everything finish and the price go don skyrocket. So those that already have positions in the stock will benefit most.

Is there anyone who knows when the cop deal will be completed?

www.nse.com.ng/Financial_NewsDocs/4733_INT'L_BREWERIES_6_MONTHS_SEPT_2013_FINANCIAL_STATEMENTS_NOVEMBER_2013.pdf

2013 / 2012
revenue : 8,6277299000 / 6,185104000
pbt : 1,601334000 / 1,324376000
pat : 1,088909000 / 900,576000
eps ; 33k / 27k

9free: [size=128pt]SEUN[/size] [size=80pt]do something about[/size] [size=128pt]SMN!!!![/size]

SMN IS BACK

www.nse.com.ng/Financial_NewsDocs/4440_AIICO_INS_PLC_Q1_RESULTS_MARCH2013_FINANCIAL_STATEMENTS_OCTOBER_2013.pdf

AIICO result and NEM result were both delayed but AIICO result was out and also the first quarter result is also out. With this I think something is wrong with NEM result

9free: FIXED CHARGES:
SEC FEES = 0.6%
CSCS FEES + NSE VAT = 0.105%
STAMP DUTIES = 0.075%

Oga 9free you are too much

9free: Three things you must add to the stock price:
1. Broker commission - Depends on ur broker
2. Sec Charges - Fixed
3. NSE/CSCS Charges - Fixed

Thanks a lot sir, which means I am the one to find out the cost. Please what are the price of the fixed cost.
Thanks again