₦airaland Forum

currentprice:
not bad but not too good, infact 1st time flourmil will do wuruwuru to the answer on their eps. EPS at my end is 310k

the stock is lightly overprice @ currentprice in my own opinion

cc pluto

Don't think it is a good result. I have not gotten time to study it in details and I will need to compare it with q3 so as to get the q/q details.

The dividend is though in line with my expectations.

currentprice:
close to 10 week now until he carry his kaya, how many pple know Agba day inside honneyflour apart from we the followers talkless of average down noises here and there

spot the difference

_{^{at the end the mkt will still do it things, keep believing nsemp can impact the mkt}}

Na true talk. He cannot just keep his game close to his chest.Talking as if na only him dey buy zenith.

currentprice:
learn from the elders, Agba cash out his loot around february, waited to enter mkt again by April/May. he follow his plan by enter honnyflour late April. despite mkt bearish mood he waited it out by not selling honneyflour. honyflour did up/down before it gave up bye bye janet to N1.99. my oga feel something is not right but no panic to offload but knew something is wrong somewhere. he monitor the price moving back to around his entry price and quickly press the sell button.

he press the button not necessarily the result will be that bad but becase his time of staying in the mkt is over expire. now he is trap in cash like some of us.

if he want honneyflour at the park tomorrow don't blame him o

okay he want zenith @ 15 i pray join so that tritri wannabe eyes go clear ^{"1.2 million extra unit @ 15 "}

I just hope you people will not confuse loco again to panic and sell zenith at a loss

musty00:
Yeah you're right, Oil price was also crashing around that period, but election was also a major factor. I remember the crazy bull that followed when Buhari won and Jonathan conceded defeat.

Let's see how it goes this time.

Just like agba said, the sell off was mainly because of fall in oil price and shortage of dollars.
Election alone has little or no effects on the NSE

wanaj0:
Cement company acquiring a petroleum company What's the wisdom in that?

This story get as e be. No mention of Milost?

Reverses merger, hmnn.
This reminds me of O and O again.

musty00:
Here's how some selected stocks were battered in 2014 before election. The highs and lows are closing prices. Most of the lows here were attained in December 2014.

We have had election for about five times since the advent of this new democracy.
I think it will be better if you can help us post how the NSE behave in those other years preceding elections I.e 1998,2002,2006,&2010 so that we can make an educative and informed judgement.

Agbalowomeri:
To have any meaningful investment (which should realistically be TB) in Nigeria that would be able to support you as a family man after say 10 years of saving and sacrifice (assuming wify doesn't work, which is common) you must have been earning in the region of 500k monthly. How many people earn that in naija?

Don't mind oracle.

He thinks everyone is earning those robber's salaries they are earning in "NRC"

Chibuking81:
What I posted since morning, you are just seeing it now, hope you are not been trap by Mr bear?

Or are you one of their agent?

I am just reading through now.

I am not one giving to arguments. However I hate to see those who don't seem to have a proper understanding of what is happening around them go on and on to show their ignorance to the whole world.

Chibuking81:
You may no see or understand what am seeing and saying for now but later you will. But fact still remain that foreign investors are taking their gain. Converting 100 billion in dollar now, at current primary and secondly market will be more valuable when converting back to naira later to buy again when naira strengthen, and it will buy more units of share later when naira strengthen to #190 per a dollar.

( I.e 100 x 360 = 36000) ( 100 x 190 = 19000) https:///dollar-to-naira-exchange-rate-today-black-market/
still leave the money in naira Zenith at 25, how many units will each buy?

Or are you one of the agent of foreign investors

Your inference is very very wrong.

musty00:
Thanks for the update.

Got my own N1 alert for the 2 AFOLABI units I left in my portfolio

RabbiDoracle:
You are on 55% gain in your Cutix.

And a gain in your UPL. It will.not reach these ones because they are crazily illiquid.

Sold 50% of my holdings in cutix at 40% gain before you decided to attack the stock with bear

I have about 10 stocks in my portfolio and FMN is the only one in red now.
My fear is that FMN results might not be that good as expected.
Most consumer goods companies that i studied did not do well in the quarter January to march 2018 .

mendes911:
Where is Tritri and those that were trying to convince him that he made a mistake by selling then? He can re-enter now and have change left.

That is why it is always good for one to be a real man in taking investment decision. Nobody knows tomorrow.

Meanwhile FMN has officially brought the bear to my side, the first stock to enter into negative territory out of the ones I bought this year.

Kashif:
I jumped out of DF today with multiple fractures Apart from the 2008 shalama that has not regrown up till now, this is the biggest hit I've taken!

DF has done much worse than DBN! I am now having headache on one part of my head

Its good to think loss when thinking profit. Chai! And the technical was so great when I bought!

Pele o.

Owiii:
Please, is it advisable for me to buy Japaul shares at the moment?

Why will you buy japaul
If you don't know what to buy just look the way of tier 1 banks. Some of them are selling at a forward p.e of < 5.

Yayira:
Is that diamond I’m seeing bid ? Now trading between 1.50 and 1.52 ? isoright
Please what happened to our 0.80 abi na 0.50 ?
I was also waiting to buy at 0.40
E better come down oo

Do you actually believe it will get to N0.80k?
If you want to play this one you better set a realistic target.

PETERiCHY:
Dangflour now heading to VETIVA N7:00k Bargain junction

The way Mr. MARKET is dealing with CP rightnow

This peter gets mouth o.
I can't keep laughing

smasher1:
That's the Knight of Delta of Stock Market Nigeria who put all his hopes in Diamond bank since up to ten years ago. I am not sure if he recovered from it. As Diamond does not even comfort shareholders with dividends.

Not only KOD, the oyinbo people that bought at N7 are yet to recover.

Chibuking81:
Don't worry Diamond bank is coming down to have a handshake with transcorpedia.
Anyway, based on 2018, which of them has a higher EPS?

Which one are you talking about?
I don't do transcorp and can only play kalokalo with diamond if the price is right.

PETERiCHY:
You and them are birds of same feather,
Wonder why you ain't talking about Cileasing again,
What has change

Nothing has changed.
Ci is experiencing a pull back which is normal.
Those who missed the last journey can start to accumulate now.

And by the way, CP doesn't monkey hunt,I am very sure of this.

IchimokuPilot:
And this stock many times in the past held unto illiquidity trophy as if illiquidity is used in producing cement.

Size is important if you want to play illquid stocks .
You must also buy early at a very good price .
CCNN sold for less than N5 last year and it isn't ironic that the company commanded less attention then.

elitestrategist:
Cement Company of Northern Nigeria Plc: Strategies hold long term payoffs
By Adie Vanessa Offiong | Publish Date: Jul 20 2015 7[color=#006600][/color]
Cement Company of Northern Nigeria Plc is one of Nigeria’s oldest companies, with principal activities including the production and marketing of cement under the brand name Sokoto Cement. The Company produces CEM II type cement, with a market area primarily covering six states of the North-West Zone namely: Sokoto, Kebbi, Zamfara, Katsina, Kano, and Kaduna. Founded by the Premier of the then Northern Region, Alhaji Sir Ahmadu Bello, Sardauna of Sokoto, CCNN Plc was incorporated in 1962 and commenced production in 1967 with an initial installed capacity of 100,000 tons per annum at its Kalambaina plant. Today Sokoto Cement has a rated output in the region of 750,000 tons per annum.
Between 1992 till 2000, the government (military and then civilian) divested its holdings in Sokoto Cement, from 20% in 1992 under the Babangida administration to full Privatization in 2000, under the Obasanjo government. Notably, in 2010, commodities, steel and construction conglomerate BUA International Limited acquired 50.72 percent of equity shareholding to become the majority shareholder in CCNN Plc, as well as its technical partner, thus positioning Sokoto Cement well within the sustained fulfillment of its strategic mission “to produce and market high quality cement for national development.”
Other disclosed shareholders are Nasdal Bap Nigeria Limited with 11.48 percent of equity, Polunin Capital Partners Limited (0.10%) as well as Afribank of Nigeria Plc, Union Bank of Nigeria Plc and Guaranty Trust Bank Plc.
Management
Cement Company of Northern Nigeria Plc’s board of directors as at the period under review comprises Dr. Abdulsamad Rabiu, Mr Alf Karlsen, Mr Trond Waerp, Mr Yusuf Binji, Mr Ibrahim Aminu, Mr Finn Arnoldsen, Mr Tajudeen Dantata, Ms Aishatu Gwandu, Mr Chimaobi Madukwe, Mr Kabiru Rabiu, Mr Musa Suleiman, Mr Faruk Umar, Mr Muhammad Zauro, and Mr. Ahmed Aliyu, who is Acting Company Secretary.
Financing Structure
Cement Company of Northern Nigeria Plc’s authorized share capital stood at 628,338,885million ordinary shares, with a then price per share of 11.74 kobo worth N7.4 billion in the 2014 financial year. Its Annual General Meeting is scheduled to hold 13 August 2015, therefore Sokoto Cement is announcing a dividend payout of N0.35kobo per share, a yield of 3.04%, resulting in a Return of Average Equity of 21.64%. This dividend payout is nevertheless a drop, compared to earnings per share of 70kobo in FY2013. Investment research firm Meristem Securities has disclosed that the lesser dividend may be due to the need for CCNN Plc to retain a larger part of its earnings as part of contributions to fund its proposed USD300m cement plant expansion, which will see a modernisation of its facilities and increase its output by 200% to 1.5 million metric tonnes of cement annually.
Fixed assets of Sokoto Cement rose to N8.4 billion or 17.95 percent in 2014, from N7.1 billion in the 2013 financial year. Its current assets showed a slight reduction, moving from N7.9 billion in 2013 to N7.4 billion in 2014, this presents a drop of about N500 million, or 6.9 percent.
Profitability
Cement Company of Nigeria Plc’s revenue went down by about N668 million in 2014 to N15.119 billion from N15.787 billion in 2013, representing a decrease of 1.25 per cent.
This was due to lower cement sales recorded in Q4:2014, largely as a result of the heightened crisis in the northern region, as well as lower cement demand in Nigeria during the period.
The company compensated for this tapered top line via cost cutting strategies, as Cost of Sales dropped from N10.77 billion in 2013, to N9.98 billion in 2014. This is a reduction of N790 million, or 7.2 percent.
CCNN Plc’s bottom line was also helped by the fact that its production and operating expenses also declined to N2.40 billion in 2014 from N2.77 billion in 2013, representing a drop of N370 million, or 13.56 percent.
CCNN Plc made N5.13 billion gross profit in the review period of 2014, which was some N630 million, or 13.2 percent over the N4.53 billion made as gross profit in the preceding accounting period. It also recorded a profit before tax of N2.477 billion in 2014, up 17.61% from profits of N2.106 billion in 2013.
Profit after tax stood at N1.918 billion, a 23.05 percent increase from profits before tax of N1.559 billion in the 2013 financial year. Analysts have placed a “Hold” recommendation on this stock, which means Cement Company of Northern Nigeria Plc is expected to perform with the market, or at the same pace as comparable companies in its area of business.
Liquidity
Current ratio has improved. In 2013 it was 1:0.9 meaning the current assets of Sokoto Cement could only take care of liabilities, but would have little left. However, in 2014 the current ratio is 2:0.9, which means the company will only need to utilise about half its current assets to offset its current liabilities, if the need arises. Business from its chief shareholder the BUA Group Ltd (which is building a greenfield cement plant in Okpella, Edo State that will be supplied with cement clinker from CCNN Plc), as well as CCNN Plc’s upgrade of its power plants and its ongoing cost management processes are expected to further boost bottom-line growth for the cement manufacturer. Ms Adetutu Adegbayibi, an Investment Research Analyst at Meristem Securities forecasts a FY2015 Profit After Tax of N1.94 billion, 1.93 percent higher than 2014.
Score Card
Provided the current upgrading of its facilities continue apace, Cement Company of Northern Nigeria Plc should reap significant returns, which should shore up revenue figures. This is because its net income increased; the consolidated statements show the company made 12.69% of its revenue as net income, a marked increase from 10.18% in the previous financial year of 2013, despite also spending N1.79 billion on investing activities in 2014.
Also, ahead of its August AGM, Sokoto Cement’s shareholders are expected to be receiving a dividend of N0.35 kobo per share in 2014, compared to N7.00 kobo per share in 2013, as earlier noted. This proposed dividend represents a 50 per cent increase versus the dividends paid in 2013. The dividend also represents 22.93 percent of earnings per share versus 56.42 percent in the 2013 financial year.

I don't think this is the best time to buy CCNN. Price is approaching fair value.
The only attraction at the current price is the plan to bring into operations a new line that will double production.
Been waiting since last year for the commissioning of the new production line.It might be that they are close to opening the line and that might be the reason for the recent surge in price.
One needs to tread with caution here so as not to carry the can.

IchimokuPilot:
Sir Dipo, next time Dozies unleashes this kind of nuclear missile on our exchange, do this: look for a picture of one of those shareholders you decsribed during Wema AGM and snap, Photoshop her on a hospital bed with two drips running simultaneously.
Do a headline that goes thus: ' Diamond bank bombs shareholder with negative results that landed her in ICU after years of dividend default'.....

Diamond has been disappointing investors since KOD time
The talks about better future did not start today.
Those who want to live on hope can continue to buy into the bank.

As for me ,I will only buy diamond if the price is right just to play some kalokalo on the NSE.

dipoolowoo:
Diamond Bank, just like Fidelity Bank, has a good prospect of becoming a good stock in the future. It might take time, but the management style and their products show they can pull through to become a sweet sweet stock. My view though.

I have two major issues with diamond bank.

-Low CAR and
-high impairment charge which have refused to go away.

They are taking some steps to solve the first one but will need to see the 2017 full year result to know how successful they are.

For the second, I actually don't know when the high impairment charge will go away.

For me, the bank will have to be selling at a huge discount before I can put my money in it.

NoMoney:
What I have is this.

Shares Outstanding : 28,974,797,023
Market Cap: 71,567,748,646.81
2017 PAT: 18,857
Total Comprehensive Income: 21,967
PE Ratio (based on PAT): 3.795
PE Ratio (based on TCI): 3.25

Kindly confirm if this is accurate. Some sources say that Fidelity has a PE Ratio of 2 which I don't understand.

You are very correct. Fidelity doesn't have a PE of 2.

fxuser:
Fidelity
- unlike FCMB , its vice versa here
- trading below prev 2 monthly close um
- lacking momentum wt daily RSI stuck below 50 levels since Feb
- N2.50 prev support turned to resistance (dis happened at N3)
- if ur carrying a drawdown here waiting to break even umm . . chop patience
- post qualification shud be interesting

If I am to buy any bank outside of the tier 1, it will be Fidelity.

currentprice:
one thing i have learn long time ago is never ague against wanaj0 opinion. it may take time but he will win

i still remember the long post on sterling bank reconstruction, oando , just of recent dangote and so on

If there is anyone I have learnt not to argue against, it is wanajo.

After the oando experience, I have no other option than to respect his opinion.

currentprice:
one thing i have learn long time ago is never ague against wanaj0 opinion. it may take time but he will win

i still remember the long post on sterling bank reconstruction, oando , just of recent dangote and so on

If there is anyone I have learnt not to argue against his opinion, it is wanajo.

After the oando experience, I have no other option than to respect his opinion.

RabbiDoracle:
Bros, Pluto don hammer on Cutix.

He immediately sent his 670K units out for sale.

That oga is bad gaaaan.

With this kind of stock, you only talk after you might have bought /sold your holdings.

That 670k units is not my own though.

wanaj0:
Seems the Pumping of C&I Leasing is taking a break

We need that break my oga.
Couldn't buy enough before the stock zoomed off.
Hope it will pull back to my value zone.

IchimokuPilot:
You have a total of say 250K in the market.
You decided that you will NEVER put more than 25K in any stock.
Your position size therefore is 25K.
This will get you into 10 stocks if you are completely invested.
If any stock/position enters a fiery trance, you can have less worry and WANAJOSTICALLY ignore the stock for over 10yrs without caring.
However, if you feel too greedy or adrenalin triggered for short term geometric gains, and use the 250K on one trade, that is when you will be FXUSERISTICALLY confronted with an extremely TIGHT stop loss, else your trading career may be looking over an ugly cliff.....

Yayira:
@Pluto are you not done buying that illiquid stock you talked about to finally give me the name ?

Is it among these stocks ?

UPL
CUTIX
CILEASING

I am in all the 3

It was cutix I was buying then when it was selling around N2.20k. My target is just 50%.

IchimokuPilot:
Just wondering how every clear statements is getting waxed.
I once got trapped in Champion by thinking there was an 'N' in front of the 'zero point' ..
The stock entered FULL OFFER after my massive entry. On xchecking, I discovered it was my bias that introduced the 'N' inside my head.....
It took several moons and a parachute to land, I even eventually landed behind enemy line...?

Ah ah, that same champion got me and confused me with that kobo kobo thing.
Thank God I didn't enter with both legs before I discovered my error, na gorimapa I for get