₦airaland Forum

nosa2:
You're right that we are at peak interest rates but guess what? (I suspect) Banks are buying the FGN bonds at record pace. And when rates start to fall these bonds will go up in value and we will potentially have another windfall.

Heads banks win, tails banks win

X21:
Driven by intangible assets and receivable growth
Receivable grew by an amount bigger than turnover and is not explained in the notes

Intangible assets will eventually be written off

Locotrader:
It's obvious.
In 2008,I bought some insurance companies like staco,GNI,Niger etc at #1 plus each and sold after making 100%.In my eyes almost all did 500%.

I am trying to be careful and to resist temptation this time so I can make it at once.something tells me Custodian,Nem and mansard will touch #20 and these kobo stocks will touch #2 or above.

Any insurance stock sold now will be repurchased higher in the coming days.

I never forgiven myself since I sold sunu and Consolidated Hallmark.

These 2 I have now,I will see to the end if there is no global crises or meltdown

megawealth01:
NIGERIA BREWERIES

Sunrisepebble:
Slowly but surely. That Guinness result has shown me where my focus should be now

Sunrisepebble:
Slowly but surely. That Guinness result has shown me where my focus should be now

HesInMe:
I agree. But you're actually making the case for not investing in banks. You and I can go and buy the very same high-interest FGN and corporate bonds the banks are accumulating. Why pay executive salaries and office space for the privilege?

KarlTom:
Let me drop my 2cents on JAPAUL (for posterity sake)

1. Japaul Offshore seems to be the mainstream for now.
2. FY'24 Profit is ₦1.833bn.
3. There's a sustained loss of ₦18.54bn which was overshadowed by the increased share capital AND share premium. Recall that ₦20bn was injected by an investor last year...
4. Lastly, OS is about 14.26bn. EPS is about ₦0:12k

See also Notes 6 to 8

... ✌🏽

Jaakay:
Even with their gagatum loss for the last 3 quarters?

Sunrisepebble:
N5.42 EPS for a quarter wow. This is on my buy radar at good entry

Ginalex:
Spot on. Any small rally today before people digest this results, na to exit

nosa2:
There is no way banks will raise more capital and not deploy it. Return on equity just shows the efficiency of the company in milking out profit from the capital they have.

Please don't forget that as rates fall bond prices go up. So bonds being bought today will be more valuable as rates come down in the future

emmaodet:
Yes, it looks good because the major drawdown on their net profit is ''Loss on remeasurement of foreign currency balances including trade and other receivables, trade and other payables and cash and cash equivalents balances'' which cost 89.4b in FY24 with a net loss of 54.8b
Looking at the economy and expecting a stabilized exchange rate, i don't expect them to have such in their finance cost for the time being.
TTM NL = 49b, EPS = -#22.78 but with a strong Q2 eps of #5.42, i expect them to have a FY25 eps of atleast #10 which i EXPECT but not GUARANTEED to increase the price to #100/share around mid this year.

Sunrisepebble:
You are spot on. I ran through the numbers on excel, forecasting around 100-110 again for the stock. Hopefully they pay out a good dividend also

nosa2:
There is no way banks will raise more capital and not deploy it. Return on equity just shows the efficiency of the company in milking out profit from the capital they have.

Please don't forget that as rates fall bond prices go up. So bonds being bought today will be more valuable as rates come down in the future

KarlTom:
This KON-13 Block had Serinus Energy as the preferred bidder for 55% in January 2024.
Today OandO Energy is the designated operator of 45%. The remaining 10% is "still available for award".

What happened between January 2024 and January 2025

Stay tuned...

Jaakay:
Even with their gagatum loss for the last 3 quarters?

SonofElElyonRet:
For those looking to US for real estate.. worth considering.
Read to the end.. Hello all. For those of us who are interested in acquiring real estate in USA but do not have the funds, Iyanu is here with a solution! I will give you property options to choose from as well as provide you with funding options for your purchase. Am i nice or what!!!

Options available are already tenanted and dollar income yielding .. 20 units of tenanted and income yielding 3 bedroom townhomes in Valdosta Georgia..
Of particular importance is the fact that the CEO of the company that owns the townhomes is a learned colleague called to the Nigerian bar in 1992. He is also a lawyer in the US where he currently resides. He also has an estate of houses, flats and lands under development in Ajah lagos. A man of integrity. My company is one of their partners in the sale of their properties.
Now the great news! Come 11th January, few days from now, there'll be a webinar where the CEO of the company that owns the townhomes and a US based mortgage provider will be speaking on how Nigerians both in Nigeria and in the US can access funds to purchase homes in the USA, both for investment (rental income) and as personal homes.. You can't afford to miss it !!!
All those interested should send me a message so i can send you the registration link for the webinar. Webinar is absolutely free. No strings attached but i need to introduce you to the developers so they'll know you are from me. Without that they won't pay me my commission if you decide to buy. You don't have to pay me any commission. Owners will pay my fee. Feel free to get in touch by message/mail or Whatsapp or call. My numbers are on the e-flyer attached.

Raider76:
I wish Mcy will throw in her analysis and recommendations before market opens.

toyeoye:
Thank you so much for the encouragement and thoughtful suggestion! TikTok is definitely an interesting avenue to explore for broader engagement. I appreciate your support and will consider this idea seriously. Cheers boss! 🙌🏽👏💡

yMcy56:
As i logged in, this is what I first saw on the latest page, lol.
JAPAULGOLD declared over +250% profit after tax..
One thing is inevitable, JAPAUL is set for a turn around...
I have my own valuation already, whether market respond immediately to the result or not. 😊
I've said it long before now that anyone considering medium to long term should pick JAPAULGOLD...
It may however surprise us in the short term, who knows.....except Mr. Market.

I particularly love the coy names/improvement sighted on the shareholders' structure too...
Moreover, a new Company Auditor is also likely coming in, some internal restructuring ongoing already...
We see how the company fairs in the short to long run.....😊

KarlTom:
Let me drop my 2cents on JAPAUL (for posterity sake)
1. Japaul Offshore seems to be the mainstream for now.
2. FY'24 Profit is ₦1.833bn.
3. There's a sustained loss of ₦18.54bn which was overshadowed by the increased share capital AND share premium. Recall that ₦20bn was injected by an investor last year...
4. Lastly, OS is about 14.26bn. EPS is about ₦0:12k

See also Notes 6 to 8

... ✌🏽

mikeapollo:
Could this be the reason or explanation, as contained in the official release?

....''Block KON 13 is strategically located in the prolific Kwanza Onshore Basin which
represents significant exploration potential in both pre-salt and post-salt plays, with
estimated prospective resources of 770 to 1,100 million barrels of oil. The block has two
(2) exploration wells previously drilled to a target depth of 3,000m, with oil and gas
observed across various depths. With a 45% participating interest, OER will lead the
development of the block as operator, alongside Effimax (30%) and Sonangol (15%) as
co-venturers.''

yMcy56:
The question is: The so called sustained loss, what brought it about? Was it there in 2023 FYE?

The "sustained loss" to me was a working Capital due to the private placement done in August 2024, that was why it's reflecting in the 2024 FYE.
If you check thru the result, you'll see where this was identified as equity as well.

Anyway, everyone is free to give the result his/her interpretation based on their objectives or mindset, but to Mcy, it was a good result and an improved one for that matter.

The Onshore biz delivered so well this time around too.

essentialone1:
Hope everything is fine?

Zegra:
Life is good for folks that bought fidelity public offer at N9.75 per share