₦airaland Forum

Agbalowomeri:
Locoman sorry that man no allow ya chams move
Day don break sha
Harmattan go soon enter town

Christ will only come when the gospel is fully circulated.
No bears until the bull touch all sectors.
ICT and BREWERIES never collect their own share but their body language is/will responding/respond to calls now/soon (within Q1)

Locotrader:
Christ will only come when the gospel is fully circulated.
No bears until the bull touch all sectors.
ICT and BREWERIES never collect their own share but their body language is/will responding/respond to calls now/soon (within Q1)

Okay we wait for their ICT and BREWERIES bull

ositadima1:
Only? That means UCAP performed even better. A ₦10 million investment in UCAP in 2020 should be worth over ₦400 million today.

The tachere I bought at 2.6 in 2020—I know how much it's worth today.

And you've not sold since then? I envy you o

Locotrader:
Christ will only come when the gospel is fully circulated.
No bears until the bull touch all sectors.
ICT and BREWERIES never collect their own share but their body language is/will responding/respond to calls now/soon (within Q1)

The banks have not really done any bull based on thr present valuation.

CHARMED
https://doclib.ngxgroup.com/Financial_NewsDocs/43086_CHAMS_HOLDING_COMPANY_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

nosa2:
The company is doing well but given current market conditions I feel the stock has priced in the performance.

Thanks for this analysis

EPS increased from 20k in 2020 to N6.60k in 2024. That is over 100% compounded annualized earning growth rate

Going forward I assume a compounded annualized earning growth rate of 30% for the next 5 years

Justified forward PE should not be less than 12

ojeysky:
And you've not sold since then? I envy you o

I wanted to sell last year or the year before. In one of my posts just before the split, I asked whether I should sell and invest in Sukuk or hold, considering the stock was paying me about half of my initial investment in dividends at the time. Some suggested I should sell, as the stock would likely dilute post-split.

Anyway, I finally decided to hold. I wish I had bought more in 2020—that would have been a jackpot for me. I shouldn’t have gone for the 2027 Sukuk that pays 11.6%.

Streetinvestor2:
The banks have not really done any bull based on thr present valuation.

The market will be stagnant after Q1 2025.
Bull continuity will be selective.

Bros check that chams result.Its out finally.
Let's digest it

Locotrader:
The market will be stagnant after Q1 2025.
Bull continuity will be selective.

Bros check that chams result.Its out finally.
Let's digest it

If chams no do full bid tomorrow make I know watin cause am.

Streetinvestor2:
I am waiting to equally see chams results. Just my thoughts,stop dropping stock anyhow going forward. When you sense jijo stock buy and enjoy your ride.Or be dropping it coded to avoid too many name calling.
I no dey ready again to help anyone make or loose money because it adds no value to me..I have taken new position in some stocks in my jijo
portfolio as results come out for 2025 while I rebalance my investment portfolio

I have learnt today that there are two types of portfolio, namely: Jijo portfolio and investment portfolio.

Even investment gurus and fund managers in the corporate world would marvel at the investment terminologies used on NSEMPA.

KarlTom:
CHARMED
https://doclib.ngxgroup.com/Financial_NewsDocs/43086_CHAMS_HOLDING_COMPANY_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Investor Locodemus you go wait small before you go fit see dividend here

Or you fit sneak and sell in the night like Nicodemus

Locotrader:
The market will be stagnant after Q1 2025.
Bull continuity will be selective.

Bros check that chams result.Its out finally.
Let's digest it

My guy.i have seen it oh.
You should call the attention of that ,devil in me guy.This is how he has been saying rubbish about banks.what they will be doing new to earn more revenue. Na there I give up on him.You are asking the captain of this companies what they will be doing with new fund forgeting that they are now holdco which can invest in other sectors mostly power sector at this time and other infrastructure.
I have downloaded and just looked at page 2 and what I saw sweet my stomach. Will spend more time on it over wkned. Look at profit after tax and revenue line.He only comes to speak English and market rubbish Mtn that can hardly go above #280/300 even with 50% tariff increase. Which labour union still dey make noise about.
All I remember telling him is charms will definitely do 100% this yr minimum

Agbalowomeri:
Investor Locodemus you go wait small before you go fit see dividend here

Or you fit sneak and sell in the night like Nicodemus

I am not expecting any dividend from chams in 2024 operations but I expected PAT of N1.5B . Nevertheless they tried.
There are some things to find out from this result as Q3 revenue was same as Q4.

Agbalowomeri:
Investor Locodemus you go wait small before you go fit see dividend here

Or you fit sneak and sell in the night like Nicodemus

Did you buy and sold as you claimed base on dividend

What price should we be expecting gtbank and zenith in you bear call.I want to have a reminder when it gets to those price.Since you sold gtbank it never went back to that price. Why is this time going to be different. Pls tell your disciples on time..lwkd

mikeapollo:
Lol!
I didn't mean it in that context
I pray that God grants all of us good health. Without a good healthy life, none of our investments is safe.
[b]I pray none of us will experience any health or other emergency that could push or compel us to sell off our stocks prematurely [/b]to incur losses.

Words on marble. Without good health, everything else in life is meaningless including investment. It is when one falls so sick and on hospital bed that one realizes that health is the most important thing in life.

Streetinvestor2:
My guy.i have seen it oh.
You should call the attention of that ,devil in me guy.This is how he has been saying rubbish about banks.what they will be doing new to earn more revenue. Na there I give up on him.You are asking the captain of this companies what they will be doing with new fund forgeting that they are now holdco which can invest in other sectors mostly power sector at this time and other infrastructure.
I have downloaded and just looked at page 2 and what I saw sweet my stomach. Will spend more time on it over wkned. Look at profit after tax and revenue line.He only comes to speak English and market rubbish Mtn that can hardly go above #280/300 even with 50% tariff increase. Which labour union still dey make noise about.
All I remember telling him is charms will definitely do 100% this yr minimum

Anyway the result is not bad sha.
Na this year 2025 operations I based my forecast.With this result,the stock is a N4 stock.
I have projected chams at N15 by year end.There is one news I am waiting for based on the information at hand.

Streetinvestor2:
My guy.i have seen it oh.
You should call the attention of that ,devil in me guy.This is how he has been saying rubbish about banks.what they will be doing new to earn more revenue. Na there I give up on him.You are asking the captain of this companies what they will be doing with new fund forgeting that they are now holdco which can invest in other sectors mostly power sector at this time and other infrastructure.
I have downloaded and just looked at page 2 and what I saw sweet my stomach. Will spend more time on it over wkned. Look at profit after tax and revenue line.He only comes to speak English and market rubbish Mtn that can hardly go above #280/300 even with 50% tariff increase. Which labour union still dey make noise about.
All I remember telling him is charms will definitely do 100% this yr minimum

Financial Analysis of Chams Holding Company Plc for FY 2024

1. Profitability
- Revenue Growth: Revenue surged by 53% (from ₦9.47B to ₦14.51B), driven by core segments like Printer Solutions (₦7.31B) and Card Personalization (₦6.48B).
- Gross Profit Margin: Improved from 22.5% (2023) to 30.1% (2024), indicating better cost control or pricing power.
- Operating Profit: Jumped 137% to ₦1.89B, reflecting operational efficiency despite rising administrative and staff costs.
- Net Profit: Increased 218% to ₦1.30B, with basic EPS rising from 4.53 kobo to 23.07 kobo.

2. Liquidity & Cash Flow
- Cash Position: Cash reserves grew by 26% (₦1.88B to ₦2.37B), though operating cash flow declined to ₦387.5M (from ₦533.9M in 2023).
- Working Capital: Receivables increased sharply (₦3.93B to ₦6.77B), raising concerns about collection efficiency. Inventory decreased by 62%, suggesting better inventory management.

3. Balance Sheet Strength
- Total Assets: Increased by 12% (₦18.91B to ₦21.08B), driven by investments in PPE (₦7.39B) and intangible assets.
- Debt Levels: Long-term loans nearly tripled (₦783M to ₦1.99B), pushing total liabilities to ₦10.12B. Leverage ratio (Debt/Equity) rose, indicating higher financial risk.
- Equity: Total equity grew to ₦10.96B, but retained earnings remain negative (₦1.11B deficit), though improving from 2023 (₦2.16B deficit).

4. Segment Performance
- Printer Solutions & Card Personalization: Contributed 94% of revenue (₦13.8B combined).
- Payment Systems & Agency Banking: Smaller segments (₦239.7M and ₦475.2M) but potential growth areas.

5. Risks & Concerns
- High Receivables: Trade receivables rose 73% (₦3.93B to ₦6.77B), risking liquidity strain if uncollected.
- Debt Dependency: Reliance on borrowing (₦2.31B new loans) for expansion could pressure future cash flows.
- Negative Retained Earnings: Despite profits, accumulated losses persist, limiting dividend capacity.

6. Audit & Governance
- Unaudited Statements: Results are provisional and subject to adjustments.
- Non-Controlling Interest (NCI): Increased to ₦4.80B, reflecting subsidiary performance.

Conclusion
Chams Holding demonstrated strong growth in revenue and profitability, backed by operational efficiency and segmental strength. But, rising debt, receivables, and persistent retained earnings deficits warrant caution.

Good day,great investors.
Pls, I have a company share known as STANDARD ALLIANCE INSURANCE PLC
Does anyone knows about the company.
Their code on Nigeria stocks Exchange? Current price.
I tried to search for the company on meritrade (meristem trading platform) buy couldn't find it.
Pls,help.

Deadlytruth:
Words on marble. Without good health, everything else in life is meaningless including investment. It is when one falls so sick and on hospital bed that one realizes that health is the most important thing in life.

Health is priceless

A sick man can exchange all his assets just to be well again

To be fair, they're trying. At least they're improving their atrocious gross margins, most likely due to changing revenue mix with a shift away from commoditized card printing.

If I were management, I'd quickly raise new equity and continue to reinvent the business like so. Might take 5 years, but if existing shareholders are so Cham'd that they're willing to pay for a low-margin business, you should oblige them.

ositadima1:
- Gross Profit Margin: Improved from 22.5% (2023) to 30.1% (2024), indicating better cost control or pricing power.

- Debt Levels: Long-term loans nearly tripled (₦783M to ₦1.99B), pushing total liabilities to ₦10.12B. Leverage ratio (Debt/Equity) rose, indicating higher financial risk.

- High Receivables: Trade receivables rose 73% (₦3.93B to ₦6.77B), risking liquidity strain if uncollected.

Chams Holding demonstrated strong growth in revenue and profitability, backed by operational efficiency and segmental strength. But, rising debt, receivables, and persistent retained earnings deficits warrant caution.

Locotrader:
Anyway the result is not bad sha.
Na this year 2025 operations I based my forecast.With this result,the stock is a N4 stock.
I have projected chams at N15 by year end.There is one news I am waiting for based on the information at hand .

Make I hang tough and follow loco's footsteps.. may my patience reward me

CHAMS and Fidson set for Full Bids from Monday...

olaide68:
Good day,great investors.
Pls, I have a company share known as STANDARD ALLIANCE INSURANCE PLC
Does anyone knows about the company.
Their code on Nigeria stocks Exchange? Current price.
I tried to search for the company on meritrade (meristem trading platform) buy couldn't find it.
Pls,help.

Always learn to read News...

https://punchng.com/endura-completes-standard-alliance-insurance-acquisition-appoints-new-board/

https://www.businessamlive.com/standard-alliance-announces-new-management-begins-claims-payment/

https://www.vanguardngr.com/2023/07/court-restores-standard-alliance-licence-fines-nicom/

https://nairametrics.com/2025/01/17/standard-alliance-insurance-clarifies-delay-in-filing-financial-statements/

I thought this too. I think they will release because in
the past they have dropped Q4 unaudited. Let’s give them one more week

Mpeace:
How far with presco. Abi them want submitt audited result within the next two months?

https://doclib.ngxgroup.com/Financial_NewsDocs/43082_FIDSON_HEALTHCARE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf FIDSON

Wonderful result from FIDSON

Hello to all the boss, I sold japaul stocks ( on 24/1/2025) as I needed cash to position in another stock on meritrade platform . Surprisingly, the proceed didn't reflect in my trading account so I reach out to their customer care agent online and he said my account is mapped on DIRECT CASH SETTLEMENT and that I will get the cash in my bank account after 3 working days. Today is 31/1/2025 and I have not gotten alert yet.
Please what should I do?

I hope my money no enter voicemail for DIRECT CASH SETTLEMENT so?

jp130:
Hello to all the boss, I sold japaul stocks ( on 24/1/2025) as I needed cash to position in another stock on meritrade platform . Surprisingly, the proceed didn't reflect in my trading account so I reach out to their customer care agent online and he said my account is mapped on DIRECT CASH SETTLEMENT and that I will get the cash in my bank account after 3 working days. Today is 31/1/2025 and I have not gotten alert yet.
Please what should I do?

ositadima1:
Financial Analysis of Chams Holding Company Plc for FY 2024

1. Profitability
- Revenue Growth: Revenue surged by 53% (from ₦9.47B to ₦14.51B), driven by core segments like Printer Solutions (₦7.31B) and Card Personalization (₦6.48B).
- Gross Profit Margin: Improved from 22.5% (2023) to 30.1% (2024), indicating better cost control or pricing power.
- Operating Profit: Jumped 137% to ₦1.89B, reflecting operational efficiency despite rising administrative and staff costs.
- Net Profit: Increased 218% to ₦1.30B, with basic EPS rising from 4.53 kobo to 23.07 kobo.

2. Liquidity & Cash Flow
- Cash Position: Cash reserves grew by 26% (₦1.88B to ₦2.37B), though operating cash flow declined to ₦387.5M (from ₦533.9M in 2023).
- Working Capital: Receivables increased sharply (₦3.93B to ₦6.77B), raising concerns about collection efficiency. Inventory decreased by 62%, suggesting better inventory management.

3. Balance Sheet Strength
- Total Assets: Increased by 12% (₦18.91B to ₦21.08B), driven by investments in PPE (₦7.39B) and intangible assets.
- Debt Levels: Long-term loans nearly tripled (₦783M to ₦1.99B), pushing total liabilities to ₦10.12B. Leverage ratio (Debt/Equity) rose, indicating higher financial risk.
- Equity: Total equity grew to ₦10.96B, but retained earnings remain negative (₦1.11B deficit), though improving from 2023 (₦2.16B deficit).

4. Segment Performance
- Printer Solutions & Card Personalization: Contributed 94% of revenue (₦13.8B combined).
- Payment Systems & Agency Banking: Smaller segments (₦239.7M and ₦475.2M) but potential growth areas.

5. Risks & Concerns
- High Receivables: Trade receivables rose 73% (₦3.93B to ₦6.77B), risking liquidity strain if uncollected.
- Debt Dependency: Reliance on borrowing (₦2.31B new loans) for expansion could pressure future cash flows.
- Negative Retained Earnings: Despite profits, accumulated losses persist, limiting dividend capacity.

6. Audit & Governance
- Unaudited Statements: Results are provisional and subject to adjustments.
- Non-Controlling Interest (NCI): Increased to ₦4.80B, reflecting subsidiary performance.

Conclusion
Chams Holding demonstrated strong growth in revenue and profitability, backed by operational efficiency and segmental strength. But, rising debt, receivables, and persistent retained earnings deficits warrant caution.

I think I would prefer this Human AI.

jp130:
I hope my money no enter voicemail for DIRECT CASH SETTLEMENT so?

It sounds like you're experiencing a delay in receiving the proceeds from selling your Japaul stocks on the Meritrade platform. The customer care agent mentioned that your account is set up for Direct Cash Settlement, which means the funds should be transferred to your bank account within three working days.

Since today is January 31st, 2025, and you sold the stocks on January 24th, 2025, you're right to expect the funds by now. Here are some steps you can take:

- Contact Meritrade's Customer Care Again: Reach out to the customer care team and inquire about the status of your payment. They may be able to provide more information or escalate the issue.
- Check Your Bank Account: Double-check your bank account to ensure that the funds haven't been deposited yet. Sometimes, delays can occur due to banking processes.
- Verify Your Account Details: Ensure that your bank account details are correctly registered with Meritrade. Any discrepancies might cause delays or issues with the payment.

If you're still unable to resolve the issue, you may want to consider contacting the Nigerian Stock Exchange (NGX) or the Securities and Exchange Commission (SEC) for further assistance.

This year is not what we all think it wil be ...its will be a red year for the most part however, there are still a handful of great opportunities....Investors should tighten up......Our Oando analysis has been updated but not far from the initial analysis which i shared here previously...https://ewnation.com/oandoplc-stock-far-from-safe-at-current-price/

https://doclib.ngxgroup.com/Financial_NewsDocs/43038_DAAR_COMMUNICATIONS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

DAAR COMMUNICATION