₦airaland Forum

Intendy:
As a buyer or seller??

As a buyer

Intendy:
This is to inform all Dealing members that the Rights offer for the under-listed securities are available for trading. Kindly see below details: 1.TRANS-NATIONWIDE EXPRESS PLC Code : RR2017TRNEXP Opening Date: 24 July 2017 Closing Date: 30 August 2017 2.GUINNESS NIGERIA PLC: Code: RR2017GUNNES Opening Date: 24 July 2017 Closing Date: 30 August 2017 This is coming on the back of the Rights Trading automation.

Oga intendy, can you pls expatiate on how to go about this. I'm very much interested.

Manonamission:
Typical of this stock. However, consider that the company reported improved margins yoy aside the uptick in revenues too. Looking at the margins again, you would realise the power segment is the main driver making up for the lull in the hospitality segment during the Abuja airport closure. Historical, the hospitality segment was the main cash cow of the group before TUP joined the group. Margins are expected to improve further over the next quarters (usually stronger for the hotel segment). Going forward, the power segment will determine the price valuation. The market considers Power investment an invaluable asset. Same reason the market won't price FO in the same league as MRS (all things being equal).

Cons: non-controlling interest ish
Unpredictability of uncle Tony
Large OS
Power and regulatory issues in Naija

Disclaimer: Remains my personal opinion. I also hold JIJO positions here.

Well said my brother!

DeRuggedProf:
I will appreciate your fair value.

When you have a company in which profit attributed to non controling interest is more than the profit attributed to the owners of the company, assingning a fair value is always very difficult.

stcool:
...we asked people to buy @N50 they said it was too expensive.

That the price is rising does not mean the stock is not expensive.

stokfrick:
Bros na d same result wen I de see for here u de see so?
Where u get ur own from.
The EPS is year to date

It is the same result, the eps is in kobo and not naira

stokfrick:
Three naira 87kobo

wrong, wrong, wrong. Check it very well again!

stokfrick:
Chaaii!
Transcorp EPs 3.87
Kai

Naira or kobo

http://www.vanguardngr.com/2017/07/alleged-unrecovered-tsa-funds-no-hidden-accounts-nnpc/

Another angle to the story, may be somebody is interested in getting 5% of that money, chai!

locodemy:
Is this transactions different from the one of Tuesday where they informed us of share buy back from UBA?
pls i need clarifications from this transactions.is it in favour of UBA shareholders or APR shareholders since both stocks are listed differently and ever since UBA divested from APR,nothing holds them in common again.

pls who knows better.........?

I will not be suprised if it turns out that vanguard retract that story. I cant connect with what the story is
saying.

DeRuggedProf:
This result is good for interim div.
Who can tell?

That would be an icing on the cake. We are waiting

Intendy:
http://nse.com.ng/Financial_NewsDocs/18888_AFRICA_PRUDENTIAL_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Good one. Very much in line with expectation.

DeRuggedProf:
someone has just done a tactical maneuver on AFRIPRUD @ N3.00...
This person has seen Q2!!!

Yea, full of expectation here myself. Bought more today

DeRuggedProf:
A Crude cabal, cacophonically conducting obnoxious deals since the days of John the Baptist, after the elimination of EXCEPTIONAL ITEMS...

pluto09:
I dont have problem with uba result, they are doing well and if you ask me i will pick uba ahead of other tier1 bank if i am to buy bank stock today.
I asked the question so as to generate healthy debate and probably learn one or two things.

And one more question; how will this transaction impact on the bank balance sheet- where will the N19b be coming from, will it be taking from retained earnings or charged to P & L account

emmanuelewumi:
The buy back was bought from the staff Investment Trust Scheme. The staff investment Trust Scheme members are insiders who will not be willing to sell at N4 to N6.

If UBA had bought the over 2 billion units on the floor from you and I, your guess is as good as mine UBA would have been selling higher than the current price.

Let us wait for the q2 performance of UBA. But with the 36.3 billion outstanding shares, the company was able to make EPS of N2 for the full year of 2016.

I dont have problem with uba result, they are doing well and if you ask me i will pick uba ahead of other tier1 bank if i am to buy bank stock today.
I asked the question so as to generate healthy debate and probably learn one or two things.

emmanuelewumi:
I guess management, insiders and some investors like me bought at those prices and even at lower prices. But those purchases were done in the personal capacities of management, insiders and informed investors.

The share buy back was approved by shareholders during the last AGM, and the buy back was done by the company. I share buy back also needs the approval of SEC.

If you are a value investor you will agree with me that UBA is not a N10 stock.

I also read it that the share buy back was approved by shareholders since last year.That is the reason i am asking the question.
I am very much in support of share buy back but i equally understand that shareholders get a better deal if it is done at a very low price hence my question of why now?
Yes i agree uba is not a N10 stock but i will rather buy the stock when it was N4 than wait for it to get to N10.

emmanuelewumi:
I think that is a nice one from Tony.

Management who have confidence in the future of their companies should not be bothered by the cheap valuation by the market.

If the market value my company at N9 and I know that the company is worth N15, the best thing is to buy back the shares.

But one would want to ask, why didnt the management buy the share back when uba was selling for N4 or N5

alekuwodo:
Ire, Igbemo and Afao Ekiti.

I am based in ekiti and will be interested

stcool:
The NSE can not claim ignorance, I remember vividly during the days of stockmarket Nigeria website, where most guys I respect so much in investing where raising the red flag countless number of times about Oando (At a point I was arguing wrongly). They saw it long coming and they pulled out all their investmets in Oando and never went back.

Wale is a killer, he killed Oando. Forget about the ConocoPhillips deal. God exposed him. They never had the interest of minority shareholders at heart going into that deal. If Oil price had stayed up, they would have diverted so much including divesting most holdings to their cronies.

Have you tried going through Oando financials: Oando bahamas, Oando this & that, so many sub companies under one company you begin to wonder. Go and check the shareholding structure of Oando Energy Resources, the same way they are diluting Oando plc Nigeria, is the same way they are diluting shares in Oando Energy resources.

At the end, the real Oando shareholders own nothing in all this deal. But they are quick to raise capital from minority shareholders. God will punish Wale & Co.

I feel you bro. I was also among those who were arguing blindly about oando on SMN. I have learnt my lessons and that is why i will not buy into some companies on the nse now no matter the temptation.
Those guys are crooks!

alekuwodo:
Are you thinking of getting land for farming or any purpose in Ekiti state, over 100 acres of land is now available for sale.
fertile and suitable for all crops
grazing free
easily accessible
hassle free

#100,000.00/acre.

where in ekiti

stcool:
Oga, I go vex if later I hear say you buy ConOil oh!

I bought conoil at an average price of N32. I am out altlready with a marginal profit of about 20%. Might buy again if the price and sentiment are right.

stcool:
All investments irrespective of price is risky. I bought ConOil this year after careful study and that was the best price I could get in then, If price goes down the better for me to increase my position in this good company.

For the 5yrs Financials have a good look @ the possibility in this company, both cash flow and dividend payout is +ve .

A company that is sitting on over 42 Billion Naira in cash, consistent dividend, cash reserve and continues to reduce its debt (9 Billion) in the down stream petroleum sector is +ve for my investment decision long term. Let me accumulate ConOil @ below N30 & wait for N4.00 Dividend next year. Shalom

My best wishes to you!

stcool:
For ConOil the bad news I am aware of is the litigation's against them in the lower court .While we await the judgement of the supreme court, my investment strategy is good for ConOil. My average purchase is N40, so if it gets down to 20 I can average down to N25 ahead of next year dividend. If Judgement goes against them, which is worst case scenario and I still get N3 dividend year end, then I don't think I have made a bad investment. What if Supreme court throws out the lower court ruling?

Buying conoil at N40 in the first place represent an investment decision with a very big risk. As a fundamentalist, your entry price is one of the most important thing.
I will advise that you study conoil results for the past six years as this will help you to understand the company better. There is no guarantee that conoil result will be good next year.

Oga intendy,you help us see any result again today

fxuser:
they turn up at 2.20 to 2.30

Yeah, they are the real undertakers.

fxuser:
Ucap
- long term trend slopes not aggressive like last year
- i get d buy and hold till dividend . . . umm


My view:
- Neutral
- lack explosive tendency, weekly RSI breaking down lower

You are master of your emotion.
I envy you sir!

rebekah2011:
I do not think it is a disappointing results. Check the OCI, if this is factored the EPS will be 56k.

That was why i said from my own perspective.
I sold all my holdings in the company after the release of 2016 fy result for reason that has nothing to do with the company performance.,
I have been keeping my eyes on it for me to enter again at the right time and price. However the latest result has broaden my perspective about the company...

DeRuggedProf:
I never take your opinions on company results lightly.
Keep up the good work.
After each result, I normally wait for your microscopic analysis...
You are always finding trouble for management....
Thanks a lot.

Thank you prof for the compliment.

holm:
http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

A dissappointing result from my own perspective.
Shareholders 'chopped' last year, this year might be for the real owner of the company to 'chop' too.
Bogus administrative and other expenses!
Time again for APR to overtake UCAP in quoted price on the NSE.

Omexonomy:
Please house and bullbearmkt when it is the right amount to enter conoil 29 or 33 naira

Be careful with conoil!!

DeRuggedProf:
UCAP.
AFRIPRUD.
Dangflour.
JB.

I rest my case.

NB: Buy right.

And FMN(below N23) and honeywell at a very good price