₦airaland Forum

ositadima1:
Are we looking at the same document? It’s really strange how far our minds can go in twisting evidence once we are invested in a stock.

Even with the ₦208 billion unrealized FX loss—if we exclude that figure—
DangSugawould still have recorded a significant loss. Finance costs ballooned from ₦29 billion to ₦53 billion, which is far above the gross profit of ₦31 billion. And this isn’t even considering operating profit, which is even lower at ₦12.7 billion.

Did you notice that performance is worse than the previous year? Gross profit dropped from ₦86 billion to ₦31 billion, while operating profit fell from ₦72.7 billion to ₦12.7 billion.

My friend, even at below ₦30 per share, this stock is very risky. They haven't found a solution to their problems yet. The only possible fix I see is raising product prices—but how will customers react to that? I don’t know.

To newbies like me, please take the time to examine the financials. Don’t just accept what this guy, me, or anyone else here says as fact. Some people distort reality for personal interests.


Seriously ion understand how you arrived at the bolded, if we add back 208b to profit we would still be at loss, how?

Pls explain..na night school I attend.

SonofElElyonRet:
First Bank building 40 storey head office at Eko Atlantic City... Misplaced priority?

zendi:
When was the contract awarded? Under the past or present leadership, do you know? No particular reason for asking.
Just being curious.

Raider76:
Is UCAP causing Transcorp and UBA to fall?

Raider76:
Is UCAP causing Transcorp and UBA to fall?

SonofElElyonRet:
First Bank building 40 storey head office at Eko Atlantic City... Misplaced priority?

SonofElElyonRet:
First Bank building 40 storey head office at Eko Atlantic City... Misplaced priority?

megawealth01:
That should be the first time they are having an head office that's theirs

mikeapollo:
Very soon, other companies would follow suit and the whole Atlantic City area becomes another traffic-prone like we have in Marina

emmanuelewumi:
I hope the current vacant skyscrapers at Marina will be converted to residential apartments

Streetinvestor2:
Mcy come see this your oga don shift goal post.Dividend that will come April/may.
He said we should expect the bear before mid January .Na so he go still shift go October/November.
TA don dey smoke oncolos.

No wahala,I like the new goal post.The q1 2025 results go done show face as guide for 2025 for FA guys

SonofElElyonRet:
First Bank building 40 storey head office at Eko Atlantic City... Misplaced priority?

emmanuelewumi:
Who is the owner of the current head office building?

Streetinvestor2:
Do they real need such building. I hope it is not whr to waste the fund raised they are creating. What value does this project bring to shareholders should be the big question

megawealth01:
Not FBN

megawealth01:
That should be the first time they are having an head office that's theirs

emmanuelewumi:
I hope the current vacant skyscrapers at Marina will be converted to residential apartments

KarlTom:
How so?

You think a 130 y-o bank still 'paying rent' for some of their HQ space is normal?
Note that they now operate as a HoldCo so it might be a move to put all entities in one place.

PS: the funds hitherto tagged 'bad debts' will sort a large portion of the building funds...

yMcy56:
Did you factor in our own refinery?
We self don dey refine oil nah

Streetinvestor2:
Do they real need such building. I hope it is not whr to waste the fund raised they are creating. What value does this project bring to shareholders should be the big question

GeneralDae:
True. The Dangote refinery is ramping up and we have reduced petrol imports by so much this year.

The yellow in this data signifies Port Harcourt Refinery and the blue line signifies imports, the DORC cabotage is Dangote supply via sea and DORC trucking is Dangote supply via truck. Local production dominated the market over imports for the first time in a long while in February 2025.

Source : CITAC Africa.

zendi:
Everything no be shareholders.

Wale throw party, una cry shareholders.
Now this prestige project and you say shareholders.

The shareholders must have approved the project at a past AGM.

Shareholders should be proud investing in a biz with the tallest hqrs building in Nigeria and W/Africa.

chimex38:
Otedola office go dey ontop.

The Billionaire wan see the universe from there
and especially monitor some of these FBN cacus Directors

chimex38:
I suppose the point being made is more in reference to the major source of Govt revenue which is the upstream oil sector..
If its global prices drops especially below the $75 bench mark of our budget , it could trickle down to the economy in general like paying salaries, completing projects, etc and indirectly to businesses getting local returns, etc..and negative sentiment to FPI, etc.

Not necessarily directed at Dangote Refinery but entire NGX.
The ngx is a subset of the economy as well..

zendi:
Everything no be shareholders.

Wale throw party, una cry shareholders.
Now this prestige project and you say shareholders.

The shareholders must have approved the project at a past AGM.

Shareholders should be proud investing in a biz with the tallest hqrs building in Nigeria and W/Africa.

chimex38:
I suppose the point being made is more in reference to the major source of Govt revenue which is the upstream oil sector..
If its global prices drops especially below the $75 bench mark of our budget , it could trickle down to the economy in general like paying salaries, completing projects, etc and indirectly to businesses getting local returns, etc..and negative sentiment to FPI, etc.

Not necessarily directed at Dangote Refinery but entire NGX.
The ngx is a subset of the economy as well..