₦airaland Forum

DeRuggedProf:
I dont understand ETERNA.
PLUTO09 to the rescue.

Na results i dey follow o
Not impressed wit their q2
Waka pass

DeRuggedProf:
Must some people bid stocks..
I think someone has to show some people where crayfish is sold....

You get mouth too much, ki lo de

leo1234:
It has come to my notice that ci leasing is no longer available in the market. Both premarket and market.

The sellers are on holiday
If i can't get today,i will move to other things

fxuser:
never looked at the chart before until now
monthly chart indicators are at all time highs and in support of possibilities.
interesting ( https://invst.ly/4pm09)
nice one


#justobserving

I just looked at the result too.
Two consecutive quaters with solid performance
eps of 38.7k as at q2
projected eps of about 77k at year end.
Decent increase in turnover.
The negatives include;
. liquidity, as i was once trapped here before
. high debt profile
. past incosistency with the numbers.

Mpeace:
The stock had been in a particular place for too long. Just wanted to raise some small cash for jijo, then suddenly every thing began to rise (even oando moved from 7.5 to

hmnnn...

DeRuggedProf:
The market will continue to defy bears until Q2 results of Tier1 banks gives an order...

My opinion.

I concur

Mpeace:
I am not willing to chase. He better come and pick me from where he left me, lest I board another.

What was your reason for selling in the first place?

fxuser:
Presco / Okomu
- both pulling back on d monthly and weekly !
- both falling back within last week range
- typical rest behaviour after a surge

. With the latest result, i will pick okomu over presco.
. q on q . okomu did better in q2
. traditionally, q2 is suppose to present the strongest earnings.
. presco earnings in q2 is less than that of q1
. entry point is the joker if one can get it right.

valacious:
@Deruggedprof, fxuser and all okomu or presco which would you hit buy on?
I analyse that since Presco has a higher EPS of N5+ compared to Okomu of N3+...Pls advise...

Okomu is N6+ and not N3+.

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/19286_PRESCO_PLC_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_AUGUST_2017.pdf

A not so impresive result.
Well below my expectation
Okomu did better in q2

DeRuggedProf:
We are close to PLUTO09's gate....
Never chase an enemy into his territory...

Ah ah, drug with sugar! You got me really cracked up
Those drug vendors have refused to give their drugs today, na only sugar i dey chew now licking it with honey.
Tomorrow is another day

DeRuggedProf:
Birds of prey everywhere.
No one wants to blink first...

The thing tire me

DeRuggedProf:
Rights issue...

Ah ah, i have not heard anything about this o.
I dont like dilution for anything

fxuser:
Fidson
Daily
- negative RSI divergence formed
- negative macd divergence also
- further pull back expected

. been waiting for price to drop below N3
. to comence my second missionary journey at N3 $ below
. hoping the second journey will be succesful as the first one

Coolcash1:
With respect to the bolded, not at all. Though my strategy is in two folds; One, buy more today If the price drops to my entry point and hope for appreciation prior to div qualification date before I sell. Two, reload at post dividend price and hold for 3months....

Good, all the best!

Coolcash1:
Mine was kind of funny...seeing that I couldn't enter on Monday at N11.47, I placed my bud during pre-market at 12.56. Minutes after trading started I saw that my order has been filled... I was happy..

However, the joy was short lived as I later realized that the price was falling so fast... faster that it entered my stop loss, 11.59 then I knew I had to take a quick decision... Of course, yours truly had to JO..

Thereafter again I noticed that sellers refused to go below the 11.59 and gradually the bid was growing...Immediately this was noticed, I re-entered at 12.03 and went away saying to myself that whatever happens thereafter I will accept it...However, I was happy to see that it closed high yesterday ....

This is serious. Does that mean you are going to sell again today if the price drops below N11.59
I am in for the long haul,8 to 12 months,though will not hesitate to sell if the price runs ahead of time. With a.stock with good gundamentals, i dont have to worry much about day to day flunctuation in price, if there is a pull back, i simply add to my position provided cash is available and i have not exceded my acceptable limit in portfolio size for that particular stock. My next point of worry would be at the release of q3 result when my position will be due for review.
Yesterday was interesting,the market got me confused too,bought in four tranches,12.56, 12.59. 12.14 & 12.1 and i ended up buying half of what i projected to buy.

Today is another day, we' ll see how it goes!

I beg, where is presco result? Has anybody seen it or it has not been released

DeRuggedProf:
I will look at the charts and do the needful at the right time. I am heavily liquid from my wounded legs...

It is well

@ prof, that concenterated nonsense has turned from being on offer to bid today. Hope you have not sold
Pick some units again today though,my aroro worked against me. Could have picked more units at a better price. Nothing spoil anyway...

This market is so unpredictable

Tritri:
@pluto09 Is that result a positive or negative ? abi it like oando ?

@DeRuggedProf Our Food dan land.

Positive or negative is relative.
What are your expectations/projections?
If the result meets your projection,then it is positive and if it does'nt, then it is negative.

stcool:
Page 8, Forte Oil, I am not understanding the Profit declared vis a vis EPS.
Anyways as I expected they was drop in revenue from Fuels
Slight increase in the lubricant biz
The only thing holding up Forte Oil now is the Energy generation biz which generated over 11bn compared to 2bn last year.
In total they was a drop in revenue QoQ. They need to find away to grow more.

PG 43
Drop in gross profit, drop in PAT. EPS 1.05(2017) compared to 1.88(2016)

Not so good for me. Let market be the judge.

Pls accountants in the house kindly review pg 8 & pg 43 of the result, we need clarification. Confusing what they did here.

The eps is calculated with the profit attributed to the owners of the company which is N1.365b. The remaining balance of N2.79b out of the total profit of N4.1b is for non controlling interests. Give it to the cowboys. Like otedola like Tony!

Coolcash1:
I left bidding for Dangote Sugar to buy NAscon but realized its also on bid...Nawa o...

Tomorrow is another day.

BullBearMkt:
...best of luck my brother.
However, since June ending, sugar has found bottom and is now creating higher-highs. But you are correct Dangote Sugar must have hedge a lot while the price was falling. Nice ride.

Thanks a million time!

leo1234:
I didn't bother adding any bid. Less than 150k units traded when I checked, sellers are on leave. I went for nestle.

I dont understand that nestle o. The stock always looks expensive to me. The p.e is just too high for my comfort.

BullBearMkt:
...you get lever o! @Maximum price?

I am using FA and not TA. Anything below N13 is a good entry price for me.
Dangote sugar will make good money this year as price of raw sugar has been trending downward in the international market.
It is not every time that one finds this kind of investment oppurtunity with the stock meeting all one's investement criteria.The only problem now is availability..Will chase this one up to N13. Just wish me good luck in getting enough units.

fxuser:
d sellers don lock up

O ga ju

nio68:
Men holding tight to Dansugar ... would do the same if I had it in my portfolio

Danflour moving slowly

Nobody is willing to sell Dangote sugar.
I have added my own bid at maximum price.
Hopefully i will be lucky to get a sizeable units today!

Manonamission:
If I could hazard a guess, I'd say it is acceptable though not ideal. Companies may chose to defer payable tax. In this case, NPFMFB chooses to defer it's tax obligations till the final quarter. Also, tax quoted in unaudited quarterly results may not correlate to year end tax payable. There may be over-payment or under-payment in the quarterlies. In fact, a company may underpay tax in the quarter to make margins look good until the result is audited.

You explanation makes sense. Thanks!

@ Prof, these are my findings on dangote flour and the noddle bussiness;

.The noodles bussiness has not been sold as at june 2017
.It represents a small fraction of the DF group with a contribution of about 1.4% to the turnover
.The operation of the noodles section resulted in a loss of about N400m as at q2

My conclusion,
the management will be happy to give out the noodles bussiness for free just to plug the hole and as such i am not expecting any major windfall in term of cash from disposing off the noodles segment.
You will do well to discount this in your evaluation of what you expect from the company.It is better to have a positive suprise than a negative one.

Wish you a very bullish week!

holm:
Pluto,

Do you find this acceptable (in accounting at least), that a company will not state, the tax paid in Q1-Q3 2016 and disclose such in full at FY2016?
I noticed this in NPF.

Ah ah, may be it is because they are police. lol.
Honestly, I dont know if that is acceptable or not in accounting as I am not an accountant. The accountants in the house can help us out.