stcool:


So till now, you still thnk we are the same persons

I no dey take the kind risk wey MEGA dey take na...I get family to think of when investing o!

ositadima1:


I see where you are coming from. Companies leaving, insecurity, and poor legal systems are serious issues. However, refined fuel products are Nigeria's largest expense, draining foreign exchange reserves and hurting the economy. With local refineries coming online soon and the potential to even earn foreign exchange, Nigeria is poised to see significant improvements.

I haven't delved into the details yet, but that will be my next project - analyzing how much Nigeria stands to save in foreign exchange and the potential impact on the economy.

Ojoboak:

NGX is to a very large extent immune to the perceived bolded. That is more for politically exposed.

sterlingD:
........and Unilever
https://doclib.ngxgroup.com/Financial_NewsDocs/40126_UNILEVER_NIGERIA_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

ojeysky:
Asi moved by over 2% again. This thing will touch 110 this quarter like this o. Something is happening at Unilever

ojeysky:
Asi moved by over 2% again. This thing will touch 110 this quarter like this o. Something is happening at Unilever

Agbalowomeri:


Come see my portfolio

yMcy56:
Wonders of NSE!!
ZENITH and ACCESS that was shedding since.... closed strong and positive!

Huge cross deals in ZENITH @45!
ACCESS @30

GTCO ......closed -ve @44+ anyway.....

** ZENITH officially overtake GTB....... interesting days ahead...

stcool:


Has it been announced "The Merger Ratio"?

onegentleguy:

A pivotal line of disclosure...

Over 2 yrs ago (btw Q2-Q3, 2019), We highlighted the worries in the company UNILEVER Nig Plc.
Before that time, I gave an underperform/sell rating given the coys near N30 market price.

Fast forward to Q1, 2020 and things only worsened for the company with inherent risk consistently taken a bite from what should've been due to an investor.
See 2 amongst the last post I put out back then. (Note the lines therein)

Within that period, risk was clearly ahead of the combination of REWARD and price with the continually pressured MoS resulting in the jettisoning of the stock by value investors. ...and unsurprisingly, the coys equity peg underperforming both it's sector and NGX index in the last 2 yrs.

What has changed?

Many of the major risk drivers highlighted then have been dwarfed by the company's present stance. (diminishing effect in view) ...with improvement recorded accross several key revenue and earnings line (at least by a 72% margin as certain triggers from core top-down and bottom-up positive line combines to good effect)

The present UNILEVER...

• Accelerating RM and OIM amidst drive to recover initially lost mkt share.
This is already working for the company!

• Healthier working capital stand on the back of higher ITP (ref: >> ∆ inventory turnover) and better performing receivables.
There's been a 64.9% YoY jump in consumer spend... with Nigerians parting with over N108 Trillion in 2021 alone despite inflationary pressure.
In retrospect, "tough times can't really be that tough" as passthrough impact from cost reflective challenges is minimized by higher comparative prices amidst increased consumer appetite.
A coy like UNILEVER now appears well placed to wither the storm given her broadly inelastic product mix.
Again, the decision of the Nig gov't to reopen the border should by implication, also greatly improve this line.

• Expanded reach in distributorship chain amidst in-company restructuring.
Expect lower CBR (ref: CRP) and higher CCC to JPBM in 2022.

• Back to back improvement (QoQ in view) in AsQ, ROCE, EM, AER, CGPR and AsY following deficits/squeeze in the previous 5 quarters.

• Improved value accretive stand at present compared to most sector peers in view of the current low base effect. (ref: NCPS, EV/EBITDA, JPBM)
...I also highlighted this same line while comparing WAPCO @ N9 and later, INTEBREW @ <N5 to their respective sector peers. (P2P weighting in view)

I see a similar pattern to fellow P2P coy, PZ.
Recall that we also gave a sell/underperform recommendation on PZ @ over N15 sometime in 2019... forecasting that price could drop to N4+.
Well, it did... and we later issued an outperform/buy signal @ that N4+.
PZ is currently trading @ N13+ and could rise even further.

UNILEVER can well follow the same path. ...the probability that its price can rise from current level is now closer to 1 than zero. (aside it's FA, certain KEY technical indicators are beginning to gather momentum)

With UNILEVER, potential REWARD has accelerated by an approx 2.7x multiple ahead of surrounding volatility/risk in view of it's CMP.

Using an appropriate blend of valuation model that assumes a minot growth margin of 0.15x TTM (5% QoQ to YE, 2022) but also benchmarked to risk-discounted levels of 500bps above current surrounding peg, UNILEVER' FVE computes to N29.15
This, by the way, implies a very conservative approach. ...that FVE can expand by well over 46% if a similar growth margin from Q1 is reproduced in Q2, 2022.

Rating now upgraded to; Overweight/Outperform

IT'S TIME TO INVEST IN UNILEVER!
BUY... ACCUMULATE... HOLD!

CAVEAT: The need for due diligence should still take higher precedence ahead of this post.

PuristForest:
. youre welcomed to learn here https://discord.g g/njjnmepX (remove spaces btw the g's)

vacanci:


the way FCMB and Fidelity dey tag each other, na so TIP and McNichols PLC dey tag each other

onegentleguy:
https://technologytimes.ng/michael-ikpoki-ex-mtn-nigeria-ceo-appointed-unilever-director/

How time flies!
Was privileged to know Mr. Mike during his tenure as a CEO in MTN Nigeria.
...very competent and completely equiped fellow. An undoubted case of having the round peg in a round hole!

Most folks will recall when we 1st gave out a buy and later an outperform rating on UNILEVER @ N10+ and N11.4--12.1 respectively.

Indeed, it is well!

DeRuggedProf:


"Call me Mike"....
He did his best to dismantle the culture of eye service in MTN. Strictly went for competence. Hmmm time really flies. Some bosses became weak as boys started calling everyone by name...

onegentleguy:


I am beginning to suspecting you.
Pls kindly bring me that my remote.

Regards

onegentleguy:


When things began to change!
...was a great time to sweep in on the coy.

#stillahugeupsidepotential
#deservingassetreprising

It is well.

Streetinvestor2:
I hope your ladies won't be thr too

sky2891:
We in OANDO bus seems left out from all these serious bullish market.
Na so we go dey?

yMcy56:
Wonders of NSE!!
ZENITH and ACCESS that was shedding since.... closed strong and positive!

Huge cross deals in ZENITH @45!
ACCESS @30

GTCO ......closed -ve @44+ anyway.....

** ZENITH officially overtake GTB....... interesting days ahead...

ositadima1:


I see where you are coming from. Companies leaving, insecurity, and poor legal systems are serious issues. However, refined fuel products are Nigeria's largest expense, draining foreign exchange reserves and hurting the economy. With local refineries coming online soon and the potential to even earn foreign exchange, Nigeria is poised to see significant improvements.

I haven't delved into the details yet, but that will be my next project - analyzing how much Nigeria stands to save in foreign exchange and the potential impact on the economy.

stronglink:
please what is the meaning of cross deals?

123ABCXYZ:
That was mainly for foreign investors. Trust me, its a big deal for foreign investors - If there is no trust in the judicial system, then their investments are not protected. If you look at any strategic analysis performed by these global corporations, you'll see qualitative factors like this in there eg bribery and corruption index, etc

BabsO2:


Black rock just met with the CBN governor this week. Hope they got positive insights. Also don't forget the ratings agencies upgraded Nigeria last year.

vibesdot001:
US market is suffering because of Blackrock, Vanguard and their likes because of Manipulation and Shorting. I hope they won't influence our market negatively.

Olaide1295:

How is the US market suffering because of Blackrock etc? Please explain.

vibesdot001:
US market is suffering because of Blackrock, Vanguard and their likes because of Manipulation and Shorting. I hope they won't influence our market negatively.