₦airaland Forum

Ginalex:
If na joke bros abeg stop am

Come and beat me now....
I am passing an information...
E don cast

crownprince2017:
Can you share some insight on this sir. Thanks in advance.

Just reduced their debt to less than N2 billion, BUA Cement has debt of about N700 billion, Dangote Cement has debt of N1.6 Trillion.

Currently has the highest Return On Invested Capital in the industry.

A whooping N33 billion was used to pay down debt in Q2. This won't happen in Q3 and Q4 therefore there will be more money for shareholders

debeey87:
You won't say this if you bought it below 200 over 4yrs ago

Thats too long ...self..
Some of us bought just above a N1000/

emmanuelewumi:
If there is a cement stock that can do 100% in the next 12 months.

Lafarge Africa is the stock

lafarge don cast though it is one of my retirement stock. I am heavily invested in it.ler them be doing follow follow..I was not impressed with the H1 but I realised I t cut across that sector

emmanuelewumi:
Just reduced their debt to less than N2 billion, BUA Cement has debt of about N700 billion, Dangote Cement has debt of N1.6 Trillion.

Currently has the highest Return On Invested Capital in the industry.

A whooping N33 billion was used to pay down debt in Q2. This won't happen in Q3 and Q4 therefore there will be more money for shareholders

Bua cement don cast oooo... so this is the reason for the chest full of offer

Mfunkynation:
Zenith is heading to 30....
H1 not looking good

Do you have figures to back that. Although I still expect banking stocks to lose 15% to 20% in the next 9 months. Due to the current capital raising exercise in the sector.


My opinion though

Ginalex:
I'm kuku secretly praying for it to happen so I can join in ... Make una no stone me abeg

Salt is going to 20 naira. Na Current Price tell me ooo.

Mfunkynation:
Bua cement don cast oooo... so this is the reason for the chest full of offer

I don think so.

Mfunkynation:
Come and beat me now....
I am passing an information...
E don cast

🌚🌚🌚 Dividend dey to use hold body

Ginalex:
🌚🌚🌚 Dividend dey to use hold body

hahahaha 🤣🤣🤣🤣...

ositadima1:
Salt is going to 20 naira. Na Current Price tell me ooo.

I pray it gets to even below 20 so I can load more... The ones I loaded not enough oooooo

yMcy56:
SUGAR @44.35......todays high..
Up with +N4......
Any news from within?
Or just taking position ahead of positive news?
We'll know as time goes on...

When sugar was 30+ i talk am say dangote and his boys no go fit shake me commot.

I talk am again, ... even if sugar go down to N10, no shaking

Streetinvestor2:
lafarge don cast though it is one of my retirement stock. I am heavily invested in it.ler them be doing follow follow..I was not impressed with the H1 but I realised I t cut across that sector

But operating profit increased from N52 billion to N79 bullion.

It was the finance cost of over N30 billion which reduced the profit after tax from N35 billion to N29 billion

veecovee:
When sugar was 30+ i talk am say dangote and his boys no go fit shake me commot.

I talk am again, ... even if sugar go down to N10, no shaking

If it ever gets to #10 eh na to just sell 10% of my dollars holdings and put in DS

emmanuelewumi:
Just reduced their debt to less than N2 billion, BUA Cement has debt of about N700 billion, Dangote Cement has debt of N1.6 Trillion.

Currently has the highest Return On Invested Capital in the industry.

A whooping N33 billion was used to pay down debt in Q2. This won't happen in Q3 and Q4 therefore there will be more money for shareholders

You see why you be oga to follow. You have given dd findings .It is not buy and thank me later.

ositadima1:
Salt is going to 20 naira. Na Current Price tell me ooo.

e be like say u and current price want collect abi... people blood they hot here today oooo.

Streetinvestor2:
You see why you be oga to follow. You have given dd findings .It is not buy and tank me later.

This street na wahala person, which be buy and thank me later again.

This is United Capital current stock coverage.

Lafarge is the only cement stock in their radar.

Breaking news International breweries has resurrected. Pls buy tomorrow. DD not necessary

The only potential risk for Oando is being delisted; otherwise, there's no cause for concern. The Okpai power plant alone justifies a valuation well above 40 Naira per share, and that doesn't even take into account their oil and gas assets

I entered @ 12 naira ...but we don build tent here ....na who get mind go last.

emmanuelewumi:
This is United Capital current stock coverage.

Lafarge is the only cement stock in their radar.

WAPCO needs to pay more than 2 naira in dividends if it wants its stock price to soar. The current 2 naira dividend places it in the 26 to 50 naira price bracket.

I don't have any evidence to back up my claim, only Monte Carlo simulations.

emmanuelewumi:
This is United Capital current stock coverage.

Lafarge is the only cement stock in their radar.

Meristem, Vetiva, afrinvest, Ucap and futureview are all recommending a buy for Wapco this week.

Infact make I go top up. Their H1 result didnt look fantastic but your insight on their debt repayment makes sense,

emmanuelewumi:
Presco is coming back to N300

Opportunity to buy more.

ositadima1:
WAPCO needs to pay more than 2 naira in dividends if it wants its stock price to soar. The current 2 naira dividend places it in the 26 to 50 naira price bracket.

I don't have any evidence to back up my claim, only Monte Carlo simulations.

Made EPS of N1.88k in H1, N33 billion was used to pay debt in Q2. That is equivalent to EPS of N2.00 used to service loan.

Since they are done working for the banks, I am expecting a full year EPS of about N5.70k.

With a debt of N1.6 Trillion by Dangote cement at 20%, that will be about N320 billion that would be used as inteest expenses.

With debt of N700 billion by BUA at 20%, that will be about N140 billion that would be paid to banks instead of shareholders.

By the way interest rate is currently at 25% and both banks don't have a ROIC of over 25%

brotherly:
Meristem, Vetiva, afrinvest, Ucap and futureview are all recommending a buy for Wapco this week.

Infact make I go top up. Their H1 result didnt look fantastic but your insight on their debt repayment makes sense,

Never knew this. They must have seen what I saw

emmanuelewumi:
This is United Capital current stock coverage.

Lafarge is the only cement stock in their radar.

Na rubbish recommendations dey this list Lol

By the way Lafarge has a new chairman im person of Mr Gbenga Oyebode SAN. He became the chairman during Q2.

He is the Chairman of Okomu Oil, he was chairman of Access Bank and was a non executive director at MTN

Agbalowomeri:
Na rubbish recommendations dey this list Lol

Can you share yours with us

emmanuelewumi:
Can you share yours with us

Make Una ready to use bank shares to do duvet after fund raising

emmanuelewumi:
Made EPS of N1.88k in H1, N33 billion was used to pay debt in Q2. That is equivalent to EPS of N2.00 used to service loan.

Since they are done working for the banks, I am expecting a full year EPS of about N5.70k.

With a debt of N1.6 Trillion by Dangote cement at 20%, that will be about N320 billion that would be used as inteest expenses.

With debt of N700 billion by BUA at 20%, that will be about N140 billion that would be paid to banks instead of shareholders.

By the way interest rate is currently at 25% and both banks don't have a ROIC of over 25%

You mean both Dangote Cement and BUA Cement? This is part of what made me run from Dangote Sugar. If I had bought most of it below 18 naira, I would have tried my luck, but at the price I bought it, I don't want to take risks since I was doing long-term investment. Banks currently lend at 25%; a company's Return on Invested Capital (ROIC) needs to be above that before considering shareholders' gain, and it's worse when equity is negative.

Anyway, I'm deviating from our main discussion, which is WAPCO. If WAPCO is able to pay 3 naira in dividends, then my valuation would move to the 41 to 82 naira range.

ositadima1:
You mean both Dangote Cement and BUA Cement? This is part of what made me run from Dangote Sugar. If I had bought most of it below 18 naira, I would have tried my luck, but at the price I bought it, I don't want to take risks since I was doing long-term investment. Banks currently lend at 25%; a company's Return on Invested Capital (ROIC) needs to be above that before considering shareholders' gain, and it's worse when equity is negative.

Anyway, I'm deviating from our main discussion, which is WAPCO. If WAPCO is able to pay 3 naira in dividends, then my valuation would move to the 41 to 82 naira range.

Return on Invested Capital gives a better picture of the company compared to Return on Equity.


Because ROIC will divide the Net Operating Profit After Tax by the Invested Capital ( equity +short and long term debts)

Mfunkynation:
Zenith is heading to 30....
H1 not looking good

no downward movement they fear us....whether #10,we buy more...remember covid year