₦airaland Forum

emmanuelewumi:
Presco at full year EPS of N100

This guys are into money rituals called business

emmanuelewumi:
Presco at full year EPS of N100

100 eps!!!
Impressive!!
Na Oil Vs Oyel for Ngx

SonofElElyonRet:
This helps keep hope alive for ellah

Lets give Ellahlakes this year to show full working.

No more chochocho.

chimex38:
Almost all insurance had a poor quarter 4 outing.
Those that managed to stayed in profit benefited from diversification.
I think and suspect they probably pay claims and other deferred payables by year end.

Na watin make them wan do kolabo with IGP.The police na them wan market 3rd part insurance this year for them as many naija dey use fake ones..lol

emmanuelewumi:
Check the operating profit of N130 billion .

I will work on a normalized EPS of N80.

Should be able to pay a dividend of N40

Na #50 I dey expect oh as sugar fall my hand

Correct business. How much of the revenue is FX-related?

emmanuelewumi:
Presco at full year EPS of N100

HesInMe:
Correct business. How much of the revenue is FX-related?

None..lol.Na for naija dem dey make the money

Yes even without that gain added back. Result is still fantastic in Q4.
It seems they’ve acquired the 52% stake in the Company and profit has started acrruing.
That is what added to revenue in Q4. Wow. What a company

emmanuelewumi:
Check the operating profit of N130 billion .

I will work on a normalized EPS of N80.

Should be able to pay a dividend of N40

Ehen, this response is slightly better. You misunderstood my comments about Chams and banks, but that's okay. I don't do short-term trading or predictions. I can't even recall when last I sold a stock.

About the banks: You're making my point without knowing it. That our cash-rich banks can no longer make the easy money (FX round-tripping, net interest), and will be forced to seek out longer-term opportunities or risk higher non-performing loans. So their medium-term earnings will be under pressure even as their shares outstanding have grown.

(You're technically wrong about Eko DisCo sha. It was acquired by a consortium including a Stanbic IBTC fund, not the bank itself. You and I can invest in the fund directly, so why buy the shares?)

Streetinvestor2:
When did you realise this statement. You did sound with certainty in banks and chams.
Are you still wondering what banks can still do with the new funds to increase thr revenue. Are they no longer structured as holco businesses. Did you read the news of a bank acquiring eko distribution company. You are wondering what someone like ToNy can do with additional capital. Have you ran any business of your own.
Chams own na big shock

How far with Mtn results

Rough face value analysis
GOPDC added N20bn in Revenue for Q4 and N10bn in PBT based on 52% stake.
So next year if the stake remains the same we’re seeing N80bn in revenue and N40bn in PBT based on 52%. With 100%. N150bn in revenue and N75bn in PBT

Without the acquisition Presco alone made N179bn in Revenue and N120bn in PBT.
Assuming the business stands till and at 52% stake. We can see N250bn revenue and N175bn PBT. Tax is about 20-25%. N130bn PAT

Based on 100% stake. N320bn Revenue, N195bn PBT. N150bn PAT

Sunrisepebble:
Yes even without that gain added back. Result is still fantastic in Q4.
It seems they’ve acquired the 52% stake in the Company and profit has started acrruing.
That is what added to revenue in Q4. Wow. What a company

PRESCO

I’m just thinking of the level of bid on Monday.
I’m praying people don’t see the result

KarlTom:
PRESCO

Sunrisepebble:
I’m just thinking of the level of bid on Monday.
I’m praying people don’t see the result

Nobi children stock oh.How much own you wan buy.Many people na jijo them come do oh for the market. The stock does not fall into that category.And the Os no go help matter

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?

Also check your account the money can sneak in without alerting you

Hmm. I think the big players will come for it. They should sha leave 35k units for me to top up

Streetinvestor2:
Nobi children stock oh.How much own you wan buy.Many people na jijo them come do oh for the market. The stock does not fall into that category.And the Os no go help matter

Agbalowomeri:
It seems I am the only one not in the know about this new trend of unaudited full year results been churned out

Abi na old age

l noticed the trend too. Maybe they were advised to do so ( just a wild guess).

More analysis on this tomorrow sleep is in my eye
But from what it looks like. The GOPDC forecast we had previously, seems as if the actual performance of the company is a lot stronger than previously projected.

Sunrisepebble:
Rough face value analysis
GOPDC added N20bn in Revenue for Q4 and N10bn in PBT based on 52% stake.
So next year if the stake remains the same we’re seeing N80bn in revenue and N40bn in PBT based on 52%. With 100%. N150bn in revenue and N75bn in PBT

Without the acquisition Presco alone made N179bn in Revenue and N120bn in PBT.
Assuming the business stands till and at 52% stake. We can see N250bn revenue and N175bn PBT. Tax is about 20-25%. N130bn PAT

Based on 100% stake. N320bn Revenue, N195bn PBT. N150bn PAT

PuristForest:
If our TA does not work, how have we been recording over 200% in most of the assets that we document, check our twitter handle and get the gist, i held myself from making this post about the market cos i always know that folks will generally not receive it well but i had to say it so that people be cautious and maybe perform better due diligence before jumping into buying...Even in the red years, there will always be winners. Our TA is strictly based on principles of Elliot wave theory and it works for the most part becuasae market moveements are driven by human psychology and moves in cycles of optimism and pessimism whcih are reflected indistict wave patterns. you dont have to believe but there are rules in everything in life including the market. One of many pointers i can give you towards a bearish market in Q2 is the ASI itself, we will be hitting a market top in april at about 108k after a 5 wave impulse, when that happens, then our next support will be 100k and that will take us to about october, that 6% decline will not come easy i can tell you for free..do the maths.

Worst case scenario is a flat market and not a fall due to any wave theory

I think effects of naira devaluation can mess up any TA waves without some correction or adjustments for massive devaluation. Also fundamentals in Naira terms is on upwards trajectory for many stocks with low levels or none existing overvaluations. Also the economy is still experiencing growth. Worst case I forecast is a flat index and not a drop. This can materialize from a global problem like rapid oil price drop. Without a negative impactful global (or local) event the market will climb up. Perhaps gradually perhaps steeply.

SonofElElyonRet:
This helps keep hope alive for ellah

Abi Na when they finally become serious

Sunrisepebble:
Good stock but I have never seen up to even 50k units on the market to buy before

My brother! That is the problem, one does all the required analysis/due diligence and enter a good stock. Hold for years but due to liquidity or may be people not liking the stock (Betaglass) or poor results over the years (Livestock) you sell-off everything - boom the stocks starts moving!!!
This market eh, you win some, you lose some....but ensure you never lose money after-all half bread is better than ONE - said one old man!

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.

Which AI are you using to analyze these financial reports bro? Claudia or Deepseek?

emmaodet:
Which AI are you using to analyze these financial reports bro? Claudia or Deepseek?

emmanuelewumi:
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

I believe two key factors are currently driving NAHCO's positive performance. First, the growing insecurity of road travel has made air travel a more attractive option, increasing demand for ground handling services. Second, although I'm less certain about this, it’s possible that NAHCO's revenue is tied to airline ticket prices, meaning that as ticket prices rise, so does their income.

However, I don’t expect these trends to continue indefinitely. In my view, we’ve reached peak levels of both insecurity and ticket prices, which suggests that the current growth drivers may not sustain in the future. As a result, I’m hesitant to bet on NAHCO’s growth continuing at this pace.

I acknowledge that I could be wrong, but this is my current perspective. That said, the recent results are undeniably strong.

chimex38:
Almost all insurance had a poor quarter 4 outing.
Those that managed to stayed in profit benefited from diversification.
I think and suspect they probably pay claims and other deferred payables by year end.

CONSOLIDATED HALLMARK is the best of all results so far and not just the insurance alone.

What they dropped was like a bomb

emmanuelewumi:
Presco at full year EPS of N100

Damn!!!

This result is sexy

Thanks, meritrade customer care agent did use the expression, "escalate the issue".

essentialone:
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.

I have lots of issue with them maybe because I am so used to Morgan I trade platform.
Let me not go deep.
Let me wait till Monday

PuristForest:
This is sad, i have not heard about direct mapping with them before, i think you should copy cscs, a friend of mine had a similar issue until he did that, i posted here about it so you can read it up. MS is beginning to lose my confidence and thats unfortunate cos i always rooted for them cos of their easy ui. dm me if you need the email address...

Ok, thanks,

yMcy56:
You'll get your money, maybe on Monday.
CSCS will pay you, not Meristem.....but Meristem can help you track it if still not received.
You may also send mail to CSCS with evidence.

PuristForest:
If our TA does not work, how have we been recording over 200% in most of the assets that we document, check our twitter handle and get the gist, i held myself from making this post about the market cos i always know that folks will generally not receive it well but i had to say it so that people be cautious and maybe perform better due diligence before jumping into buying...Even in the red years, there will always be winners. Our TA is strictly based on principles of Elliot wave theory and it works for the most part becuasae market moveements are driven by human psychology and moves in cycles of optimism and pessimism whcih are reflected indistict wave patterns. you dont have to believe but there are rules in everything in life including the market. One of many pointers i can give you towards a bearish market in Q2 is the ASI itself, we will be hitting a market top in april at about 108k after a 5 wave impulse, when that happens, then our next support will be 100k and that will take us to about october, that 6% decline will not come easy i can tell you for free..do the maths.

@PuristForest, I may not share the same sentiment about the market being red in 2025 as you mentioned in one of your posts. However, I must commend you on your excellent TA analysis using Elliott waves to interpret NGX stocks. You are doing a wonderful job, and only those knowledgeable about TA will appreciate your work. Kudos!

nosa2:
I believe two key factors are currently driving NAHCO's positive performance. First, the growing insecurity of road travel has made air travel a more attractive option, increasing demand for ground handling services. Second, although I'm less certain about this, it’s possible that NAHCO's revenue is tied to airline ticket prices, meaning that as ticket prices rise, so does their income.

However, I don’t expect these trends to continue indefinitely. In my view, we’ve reached peak levels of both insecurity and ticket prices, which suggests that the current growth drivers may not sustain in the future. As a result, I’m hesitant to bet on NAHCO’s growth continuing at this pace.

I acknowledge that I could be wrong, but this is my current perspective. That said, the recent results are undeniably strong.

According to you the purported N300 billion revenue forecast in 2029 is not possible.

They made a revenue forecast of N39 billion for 2024 but achieved N53 billion

Presco made a full year EPS forecast of N49 for 2024 but achieved N104

Don't joke with companies that are modest with their projections

Q1 2025 result prove if they still have room for growth.

They make the Nairs equivalent of between $10,000 to $20,000 per foreign aircraft they handle .

They are also diversifying into cargo handling of the exportation of agricultural produce

emmanuelewumi:
According to you the purported N300 billion revenue forecast in 2029 is not possible.

They made a revenue forecast of N39 billion for 2024 but achieved N53 billion

Presco made a full year EPS forecast of N49 for 2024 but achieved N104

Don't joke with companies that are modest with their projections

Q1 2025 result prove if they still have room for growth.

They make the Nairs equivalent of between $10,000 to $20,000 per foreign aircraft they handle .

They are also diversifying into cargo handling of the exportation of agricultural produce

Is the company doing well? YES!!!

Have I paid attention to them? NO

As I said my analysis could be wrong. However given current stock market conditions and the company's stock price, the numbers are not sexy enough to get me salivating