₦airaland Forum

chillykelly86:
That EPS value can't be with the current 7.5 billion units listed and the results provided. The likely explanation would be that the shares outstanding was much less than 7.5b but to create liquidity with listing in view, they did a bonus issue.

Bottomline is: recalculate your EPS with the current shares outstanding as you would be making a mistake to think that the Transpower listed today has an EPS of #218.

You took it out of my mouth. It is customary practice of deceit

chillykelly86:
That EPS value can't be with the current 7.5 billion units listed and the results provided. The likely explanation would be that the shares outstanding was much less than 7.5b but to create liquidity with listing in view, they did a bonus issue.

Bottomline is: recalculate your EPS with the current shares outstanding as you would be making a mistake to think that the Transpower listed today has an EPS of #218.

True! current EPS should be around 7.02 - 7.3 naira

Every where is filled with irrational exuberance galore!

If you're a newbie like me,just buy yourself Zenith Bank shares every month.

EDUECO:
Everything where is filled with irrational exuberance galore!

If you're a newbie like me,just buy yourself Zenith Bank shares every month.

Same here. Zenith is one of the safest stock for newbie long-term investors to avoid stress. It's price appreciation might be slow but steady due to organic growth backed by results. Just buy as your power reach every month end and you will be fine in the long run.

Agbalowomeri:
You took it out of my mouth. It is customary practice of deceit

You dey mind am.No be only #218 na #2018.The only reason people believe transcorp will see #500 and above is just the manipulation that happened in geregu power company by ote.what was the eps of mtn before listing and now as listed company. We will buy power at the right time .It is just that Tony is using transcorp plc to achieve his personal goal/his fmly.The one we got from uba was because of cbn been dey the matter......Apr and ucap

Year 2022 was clearly stated. And from the 2022 AFS, there were no outstanding shares...

Yes! The 2024 EPS will be diluted but does that water down the comparative analysis with GEREGU? NO!
See the bigger picture...

chillykelly86:
That EPS value can't be with the current 7.5 billion units listed and the results provided. The likely explanation would be that the shares outstanding was much less than 7.5b but to create liquidity with listing in view, they did a bonus issue.

Bottomline is: recalculate your EPS with the current shares outstanding as you would be making a mistake to think that the Transpower listed today has an EPS of #218.

Jaakay:
With the qualifications date for the bonus issue, is it safe to presume the merger cannot be before that date of May 6th? Since the stock will need to be on suspension technically before the merger.

If this holds, Dangote Sugar might fall below 40 at some point

Over to DANGSUGAR...

KarlTom:
I understand some might want to give up on getting TRANSPOWER @ below 500.
Let me fuel your determination:

GEREGU SP on 04.03.2024. 1000
TRANSPOWER SP on 04.03.2024. 264

GEREGU. 435MW installed capacity. 270MW generated capacity.
TRANSPOWER. 1000MW installed capacity. 500MW generated capacity. ( TRANSAFAM POWER not included)

In 2022, TRANSPOWER had a EPS of NGN218 (yes that is correct).

What you make of this info is up to you...

EPS of N218, from 80 million outstanding shares. Now it is about 7 billion or thereabout

KarlTom:
Year 2022 was clearly stated. And from the 2022 AFS, there were no outstanding shares...

Yes! The 2024 EPS will be diluted but does that water down the comparative analysis with GEREGU? NO!
See the bigger picture...

What was the PAT for 2022?
I have searched and I couldn't find the answer.

emmanuelewumi:
EPS of N218, from 80 million outstanding shares. Now it is about 7 billion or thereabout

Thanks.
Can you please post the financial statement here if you have it.

emmanuelewumi:
EPS of N218, from 80 million outstanding shares. Now it is about 7 billion or thereabout

based on their posted PAT, their current eps could be less than 7 naira.

Note also that Elumelu sabi separate
Eps attributable to owners of the company and eps attributable to noncontrolling members.

But its the power sector, and with geregu as competitor, eps would not have much relationship with price.

USAfall2024:
Same here. Zenith is one of the safest stock for newbie long-term investors to avoid stress. It's price appreciation might be slow but steady due to organic growth backed by results. Just buy as your power reach every month end and you will be fine in the long run.

It is absurd for an intelligent investor to buy a stock for N900 to N1000(when the current earning per share is not even up to N10).

'Intelligent Investor' and 'Security Analysis ' by Benjamin Graham is a compulsory read for any serious investor .

Mpeace:
based on their posted PAT, their current eps could be less than 7 naira.

Note also that Elumelu sabi separate
Eps attributable to owners of the company and eps attributable to noncontrolling members.

But its the power sector, and with geregu as competitor, eps would not have much relationship with price.

Mpeace:
based on their posted PAT, their current eps could be less than 7 naira.

Note also that Elumelu sabi separate
Eps attributable to owners of the company and eps attributable to noncontrolling members.

But its the power sector, and with geregu as competitor, eps would not have much relationship with price.

I don't think it maybe that straight. Geregu has 2.5 billion os and transcorp is 7.5 billion. And geregu has little floating. I don't think Tony can control the float of transcorp like ote.We wait to see shareholders structure of TPP

EDUECO:
It is absurd for an intelligent investor to buy a stock for N900 to N1000(the current earning per share is not even up to N50).

'Intelligent Investor and 'Security Analysis ' by Benjamin Graham is compulsory read for any serious investor .

NSE has nothing to do with intelligence.

Mpeace:
NSE has nothing to do with intelligence.

Lwkd ...so na kalo kalo we just dey play
Guy you get bad mouth oh,Some of us don get gray hair oh..hahaha

Streetinvestor2:
I don't think it maybe that straight. Geregu has 2.5 billion os and transcorp is 7.5 billion. And geregu has little floating. I don't think Tony can control the float of transcorp like ote.We wait to see shareholders structure of TPP

Geregu free float is more than that of transcorp power t the moment

Abeg to those in IT sector. Which part of the raw materials really took this much loss from mtn as per forex loss.Is it all this outdated mask everywhere. I see it as mtn just trying to short changed shareholders and naija government of what ever it is supposed to pay.

Then what exchange rate did most of this companies use to determine the forex loss.
And I hope all this forex loss ended with 2023 financial year if naira stabilizes from now.

How come most of the forex upwards review lwas not transferred to thr customers like regular business men on the street who import.

mbok help me out here...
Transcorp power didn't trade last week but how come Morgan capital stock recommendation shows dem buy it at 265...

Streetinvestor2:
I don't think it maybe that straight. Geregu has 2.5 billion os and transcorp is 7.5 billion. And geregu has little floating. I don't think Tony can control the float of transcorp like ote.We wait to see shareholders structure of TPP

Tony has learnt from ote.
I want to believe that might be one of the reasons he didn't distribute shares of transpower to transcorp shareholders.
As it is now, tony is in firm control of transpower and he can do whatsoever he likes with it just like ote....

APR
https://doclib.ngxgroup.com/Financial_NewsDocs/40447_AFRICA_PRUDENTIAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

Mfunkynation:
mbok help me out here...
Transcorp power didn't trade last week but how come Morgan capital stock recommendation shows dem buy it at 265...

The listing info and price was already known before today.
They're brokers and have a research department.

Streetinvestor2:
Abeg to those in IT sector. Which part of the raw materials really took this much loss from mtn as per forex loss.Is it all this outdated mask everywhere. I see it as mtn just trying to short changed shareholders and naija government of what ever it is supposed to pay.

Then what exchange rate did most of this companies use to determine the forex loss.
And I hope all this forex loss ended with 2023 financial year if naira stabilizes from now.

How come most of the forex upwards review lwas not transferred to thr customers like regular business men on the street who import.

MTN is Highly Geared. Their operations are mostly funded by loans especially foreign currency denominated ones.

Almost all the equipments they use are imported from the likes of Ericsson, Siemens, etc; hence they pay the companies in dollars. Even licence fees are in dollars. Most of these telcos usually raise this huge funds in dollars from banks.

Streetinvestor2:
Abeg to those in IT sector. Which part of the raw materials really took this much loss from mtn as per forex loss.Is it all this outdated mask everywhere. I see it as mtn just trying to short changed shareholders and naija government of what ever it is supposed to pay.

Then what exchange rate did most of this companies use to determine the forex loss.
And I hope all this forex loss ended with 2023 financial year if naira stabilizes from now.

How come most of the forex upwards review lwas not transferred to thr customers like regular business men on the street who import.

very valid question

Pls , how much dividend is Nascon paying ? I saw an article on Nairametrics saying 5naira , I saw someone saying here earlier 1naira, pls which one to believe ?

owolabi5:
MTN is Highly Geared. Their operations are mostly funded by loans especially foreign currency denominated ones.

Almost all the equipments they use are imported from the likes of Ericsson, Siemens, etc; hence they pay the companies in dollars. Even licence fees are in dollars. Most of these telcos usually raise this huge funds in dollars from banks.

The truth of the matter, no government or tax authority can force an individual nor a quoted company to declare profit or pay a direct taxes on earnings.
The decision is yours, all they need from you is a financial statements.
The Auditor/s usually request for receipt of expenditures , contract, loans and overdraft advances.
As a sole proprietor, I ensure all my on and off business expenditures are directly and indirectly transferred to my Entrrprise. The implication of this is that the government cannot and would never get a direct income tax from me, coz I I was not employed by them nor listed on their payroll.
MTNN just decided to show Nigeria government and shareholders a maximum shege BARAWO BANZA.
You will need a all the forensic auditors in Africa to investigate MTNN.
We are just @ ther mercy

APR.
45k dividend.
5k less than that declared for 2022.
We will manage it.

yMcy56:
APR
https://doclib.ngxgroup.com/Financial_NewsDocs/40447_AFRICA_PRUDENTIAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf


The listing info and price was already known before today.
They're brokers and have a research department.

owolabi5:
MTN is Highly Geared. Their operations are mostly funded by loans especially foreign currency denominated ones.

Almost all the equipments they use are imported from the likes of Ericsson, Siemens, etc; hence they pay the companies in dollars. Even licence fees are in dollars. Most of these telcos usually raise this huge funds in dollars from banks.

After brainstorming with Gemini, we came to this conclusion: Having a dedicated investment arm to manage foreign currency investments and assets could potentially help companies in Nigeria hedge against currency devaluations and inflationary pressures.

Mankind2024:
The truth of the matter, no government or tax authority can force an individual nor a quoted company to declare profit or pay a direct taxes on earnings.
The decision is yours, all they need from you is a financial statements.
The Auditor/s usually request for receipt of expenditures , contract, loans and overdraft advances.
As a sole proprietor, I ensure all my on and off business expenditures are directly and indirectly transferred to my Entrrprise. The implication of this is that the government cannot and would never get a direct income tax from me, coz I I was not employed by them nor listed on their payroll.
MTNN just decided to show Nigeria government and shareholders a maximum shege BARAWO BANZA.
You will need a all the forensic auditors in Africa to investigate MTNN.
We are just @ ther mercy

* MTN's exposure: MTN has foreign currency-denominated liabilities (e.g., dollar-denominated debt) and local assets and liabilities (e.g., masts, office equipment, and naira-denominated debts).

* Impact on financials: With the naira's devaluation, the value of MTN's naira assets and liabilities remained the same, while its foreign currency liabilities increased when converted to naira. This difference resulted in a reported foreign exchange loss.

Also, MTN's operational performance was very good, but the currency fluctuation adversely impacted their financial statements.

MTN's financial statements were released, yet some people chose to believe in conspiracy theories that make no sense. Why would MTN want to fake losses?

The great "Tinubulation" happened to us all, both big and small, yet some people are in denial.

Mankind2024:
The truth of the matter, no government or tax authority can force an individual nor a quoted company to declare profit or pay a direct taxes on earnings.
The decision is yours, all they need from you is a financial statements.
The Auditor/s usually request for receipt of expenditures , contract, loans and overdraft advances.
As a sole proprietor, I ensure all my on and off business expenditures are directly and indirectly transferred to my Entrrprise. The implication of this is that the government cannot and would never get a direct income tax from me, coz I I was not employed by them nor listed on their payroll.
MTNN just decided to show Nigeria government and shareholders a maximum shege BARAWO BANZA.
You will need a all the forensic auditors in Africa to investigate MTNN.
We are just @ ther mercy

There is no mago mago here. The major reason for the loss is the dollar denominated contract with the likes of IHS and co who manage almost all the towers across the country. Recently they have been working on new contracts with other vendors that will require them to only pay in Naira. The same is applicable to other telcos. Airtel 9 months result only made 2Million dollars and this is the global business. Wait for their full year result and check that of Nigeria subsidiary and you will notice similar trend. Una government messed up the country. The good thing is that they too are affected because the billions of naira they normally receive in tax from these companies is gone until things improve.