₦airaland Forum

Mcy56:
Whosoever jumps on Japaul cos everybody is jumping and you don't know the reason why is "OYO".

Caveat: Purely Mcy's opinion. I may be wrong. Na you get your Kaya.

*Updated: just saw that the bids at day's high disappeared already before I finished typing. Issorite!

They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

Heishere:
Below is an expose on UACN with FVE placed at N8.96. Any secondary opinion please before I make a decision?

UAC Nigeria released its unaudited result for FY 2019 wherein it reported a profit from continuing operations of N6.1 billion (EPS: N2.14)- coming from its re-stated FY 18 PAT of N5.5 billion (EPS: N1.91). Relative to our estimate, revenue and profit deviated by 0.3% and 1.1% respectively. However, incorporating the loss from discontinued operations takes the earnings position to a loss of N9.3 billion. On its continuing operations, the outturn stemmed from one-off sale of its investment property which helped shoulder the OPEX pressure.

For us, the result further confirm our concerns on increasing OPEX (See our previous report: Old things have passed away…) which is yet to translate into improved sales. For context, operating expense increased by 23% YoY, while sales only increased by 11% YoY over FY 19. While the management has communicated its drive for operational efficiency as its key strategy this year, we are less optimistic of its success this year.
Elevated OPEX trump margin gains. While we have seen a lot of re-structing in UACN which started since last year and partly explains the jump in operating expense – both admin and S& expenses. We believe a 71% YoY (45% QoQ) jump in OPEX to N4.8 billion is unjustified when compared to a 3% YoY growth in sales to N23.4 billion over Q4 19. Though we saw gross margin improve by 311bps YoY to 22.3%, increased operating expense left EBIT lower by 36.5% to N1.15 billion. and EBIT margin compressed by 200bps to 4.9%.

Lower finance income further pressure earnings. Overall, PAT declined by 42.9% YoY to N1.41 billion over Q4 19 with related EPS at N0.49. The bottom line was further pressured by the lower finance income – mirroring the lower cash balance – which offset the gains from lower effective tax rate (-214bps to 9.3%). While we await release of the audited numbers, our last-communicated FVE prints at N8.96 which translates to a SELL recommendation relative to the current market price. UAC trades at a P/E of 4.6x which is a discount to its Bloomberg MENA peer average of 16x.

Some useful information there.....
Look at the facts stated there and form your own opinion, you don't have to follow their recommendation......

[quote author=tunene66 post=86433698][/quote]Thanks.

bigjay01:
"Provision no longer required is as at result of Access/Diamond Banks debt waiver together with
Finance and Operating leases written off"

Whatever this means

Where did you get this?
The one I downloaded does have notes.

735i:
See closing price na. Today's play was pure pump and dump. I knew it was unreal when it went into full bid.

Who is pumping and who is dumping....
Market forces at play, people buy and sell for different reasons.

ebuka1997:
that's true, noted but seeing a red portfolio takes a lot of determination not to press that sell button.

If you want to be a successful trader, taking control of your emotions is as important as.......

mendes911:
How often do you "come" once you "enter"?

You and agba....

ebuka1997:
i sold some zenith at 21 for profit, abeg any guys that can move the stock small i'm waiting let it come back let me join the train again.

It is not that easy...... And nobody can be right all the times. There are times we will exit/enter too early and at other time we will exit/enter late
You loose some and you win some.... The koko is to have more wins ....

DeRuggedProf:
On the fence, It saves energy to collect the game from the weary hunter that did the kill......
You cant mistake a dead game....

lol

DeRuggedProf:
I would have love to read this day before yesterday/yesterday......
I pray this testimony will remain permanent.
Are there other testifiers?

Exaggerations on both sides......as it is with bear gang so also it is with bull people
Which side you dey my Prof

Agbalowomeri:
Lol which oil reversed? At 55?
NSE no look oil face jare.
My point is if u wan buy, technically the support is a best guess
If u fear, buy some % at the support then wait
If it breaks support, buy more at the next support

And if it continues to break support after support...

Mcy56:
Agba you mentioned it, even thru the chart.

That is the problem with charts....
The thing was sitting on a support, but those interpreting will tell you that if the support is broken.....and how do you know if the support will be broken or not

Toluway:
While i haven't seen significant drop in stock prices since Monday this week, I've been seing some stocks consistently gaining 9%, 8%, 7%, 5% etc in capital appreciation.
I begin to think that prices are no longer likely to fall, and enjoin the visionaries in this forum to start coming up with stocks pick. Thanks.

We are in a dynamic market.
Either bear or bull, some stocks will still outperform the market...
If you can identify any stock that you think will deliver, nothing stops you from going ahead to buy it, your stock picks do not need validation from anybody.......

arduino:
I need Jaiz and Unity @ 50k each. Make una helep me do the needful

Patient...... You will get your desire met

Why are we not getting updates from Oracle again on oil price?

Agbalowomeri:
Na oga Pluto wan see wetin siddon on top gun powder Lol

Sometimes I see charts as self reinforcing......
People look at the charts and say oh , it is bearish , they decide to sell and the price continue to fall...and when the charts show bullishness, people buy more and the price continue to move up..........

Agbalowomeri:
NSE fit now carry the negative and ignore the positive

Our NSE get as e be

Agbalowomeri:
Banking index at a critical support
I expect stability here, otherwise na hurricane

Make you dey post the charts nauw.
That will be of help to someone like me than all the argument

RabbiDoracle:
For some stocks, August low can be threatened (and possibly broken).



Watch that space.

The possibility of August low being threatened is high but the question now is when

currentprice:
nobody see coronavirus coming, this virus affected the movement seen last month which expected to continue this month but mkt has been badly affected and change the sentiments to favor those expecting bear mkt in order to buy low. seeing price move below the cycle pinbar on daily was a bad signal and price unable to move inside the weekly clouds makes matter worse

though the fundamental of stocks remain intact but if one have the opportunities to sell with little profit since price still well above August/sept prices, do so to buy more unit later.

if you sell, it not necessarily you buy back same stock as new opportunities will shows on other good stock. it another opportunity to make us rich

In addition to the coronavirus, I also think the increase in CRR by CBN sent wrong signals to the market.....

The size of the cake is getting reduced day by day

Chai, table done turn.
Agba is not celebrating bear anymore

Mendes and Oracle, be careful ba

mendes911:
Mcy56 is not providing updates today.

Did anybody actually say people should buy access at N12

Mcy56:
Cadbury:
http://www.nse.com.ng/Financial_NewsDocs/28836_CADBURY_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Signify if you havent seen your coy result yet.

Caverton helicopters

ositadima1:
Another Noobish question of mine. So, In my bid to consolidate my understanding after skimming through a few books on stocks I downloaded the last FBNH annual report dated 2018.

These books keep mentioning the true worth of a company vs its market cap as a measure.

Ok, FBNH total equity as at December 2018 is about 530 billions, while market cap as at yesterday is about 249 billions. Does it mean that FBNH stocks are very very underpriced at this moment and as a result make for a good entry? Or am I missing something here?

Thanks in advance.

Your observation is right and I really like your spirit.
What you have described is the book value of first bank which is one of numerous ways of determining a company worth.
When I started my stock investment, that was what I was using to determine if a company is undervalue or overvalue.

I have grown to using different metrics to place value on a particular stock and the most important one for me now is owners profit-the bottom line .

Keep learning and searching and with experience you will get better but don't put too much emphasis on book value in placing a bet on stocks on NSE.

Agbalowomeri:
Eeewoooooo
Brent at 56

That alone can 'kill' the market..

Agbalowomeri:
Using the current quarterly earnings, what would be your projected 2020 EPS?

N1.20k

mendes911:
Transcorp should do and release their own atomic bomb. Some of us are waiting jejely at 75k.

Are you sure you will buy at 75k if you see it at that price

mendes911:
But the result is not far from what most expected. The attraction is in the spin off activities and not in 2019 FY result.

Same way DBN was attractive not based on their result but on the buy out.

The main kata kata will be if they decide not to proceed with the spin off. Then UACN might taste N1.00

Some of those that bought were doing follow follow and did not study the last quarterly result....
Nothing new, the result is as expected...

I still don't understand some things about the spin off and I have expressed my reservation....
In addition, most companies in that sector are not doing well and I expect uacn to still struggle even after the unbundling....

Uchetoba:
Has anyone noticed the confusion in the NPFMCRFBK Q4 eps 2019 unaudited accounts? How did 32k as
at Q3 + 52K only in Q4 give them 34k for the year?

Can you post the result.

mendes911:
My oga, I went to preserve the little I made so far. LOL.

We are still holding paper profit o.........

Will join you people very soon as target for the season remain small

Amotekun is here too.

Hope is not mendes that brought her

mendes911:
Make I re-sharpen my knife and be getting ready. Looks like this rain will be the type they call torrential rain....

Where have you been

Welcome