₦airaland Forum

You mean to tell me that Access and FBNH are yet to release their results?

Bigdeal01:
Betaglass declared divided of N1.40k from EPS of N22.70k. This is way too poor. What do shareholders gain from companies like this? Capital appreciation?

2023 they paid N1.17k from EPS of N10.74k

$2.95k

Streetinvestor2:
This line is becoming a problem oh.These children come home with homework. They are all looking for phone to do homework instead of looking out for solutions via test books.They just want to get the answers or result quick instead of serious test book work.It is giving me concern mostly the ones in senior secondary. Do you think is a good development as it was not the case during my days

Oga Street, na problem o for people in school ooo, because of it assignments fit no carry marks again, exams fit dey be 100% with no phone allowed.

RodgersAkpafu:
You mean to tell me that Access and FBNH are yet to release their results?

It is what it is.

We wait for em.

RodgersAkpafu:
You mean to tell me that Access and FBNH are yet to release their results?

The dividend result both will present will shock everyone.

faoogoke:
The dividend result both will present will shock everyone.

Positively?
Or negatively.
Pikin wey do well for school no dey waste time to show im papa his report card.
We wait

Agbalowomeri:
So, not looking at stock price is a fallacy

looking at daily price fluctuations or using TA to view price is different thing .
Doing VALUATION OF THE BUSINESS and realising that the business is now over priced based on current price .Then you decide to do portfolio rebalancing is different .

The information I have is that Access applied for an extension

RodgersAkpafu:
You mean to tell me that Access and FBNH are yet to release their results?

faoogoke:
The dividend result both will present will shock everyone.

make him no be kobo kobo dividend oooo

Streetinvestor2:
looking at daily price fluctuations or using TA to view price is different thing .
Doing VALUATION OF THE BUSINESS and realising that the business is now over priced based on current price .Then you decide to do portfolio rebalancing is different .

Do you do valuation only once? Don't you do valuation regularly? Even Warren does not buy based on valuation but based on potential. There is no foolproof strategy in this business. People conveniently point to success stories. How many fantastic businesses have crumbled on the way. You think Warren sold Tesla purely based on valuation? Why then did he not sell everything? Omo all of us dey do permutation and combination 😂

Agbalowomeri:
But he has sold plenty positions and currently heavy in cash?

Well... If he now decides to sell some after decades as a long term holder he don try. Maybe he wants to diversify. Don't think he panic sold because of falling price

Eid Mubarak to all Muslims in the group!

May Allah bless us with good health, abundant wealth, and endless happiness.

May we celebrate many more Eids together with love, peace, and prosperity.

Ameen 🤲🏼

Lagos, March 28, 2025
AXA Mansard Insurance Plc

NOTIFICATION OF CLOSED PERIOD AND BOARD MEETING FOR THE APPROVAL OF UNAUDITED
FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31, 2025

Pursuant to the post-listing requirements of the Nigerian Exchange Limited (NGX) for Issuers, AXA
Mansard Insurance Plc (the Company) hereby informs NGX, esteemed shareholders and stakeholders
that the Board of Directors of the Company is scheduled to meet on Tuesday 30th of April 2024 to consider
the Unaudited Financial Statements for the period ended March 31, 2025.

Consequently, the closed period for trading in the Company’s shares, which commenced from 1 April
2025 in compliance with NGX’s amended closed period rule, until 24 hours after the Quarter 1 Unaudited
Financial Statements for the period ended March 31, 2025, is released to NGX and by extension the
general public.

Accordingly, no Director, employee, persons discharging managerial responsibility, advisers of the
Company, and their connected persons may directly or indirectly deal in the securities of the Company
in any manner during the Closed Period.
Thank you for your usual cooperation.

for: AXA MANSARD INSURANCE PLC

Streetinvestor2:
You have serious believe in the current management. ... 50%
Let see how q1 2025 will be then

Close to a quarter of the Bussiness is owned by the current Chairman Dr Fadeni (Indirectly), through his family run Bussiness Godsmart. They are paying out 90% Eps as Dividend, the Incentive is there. Dr Fadeni Will run that Company like his baby.

I'm big on the Insider Ownership. 70% of my thesis is on it, so that's what my eyes is on.

Agbalowomeri:
Do you do valuation only once? Don't you do valuation regularly? Even Warren does not buy based on valuation but based on potential. There is no foolproof strategy in this business. People conveniently point to success stories. How many fantastic businesses have crumbled on the way. You think Warren sold Tesla purely based on valuation? Why then did he not sell everything? Omo all of us dey do permutation and combination 😂

valuation is needed before buying to be sure that potential not already priced in. It margin of safety. Just how people are ignoring nestle brand pricing power and return on capital employed

emmanuelewumi:
Look at the compounded annualized earning growth from 2020 to 2024, from 2021 to 2024, from 2022 to 2024, then year on year earning growth from 2023 to 2024.

The trend will give you an idea if earning growth is slowing down or increasing and what to forecast for the next 3 to 5 years

If you Dollarize the Revenue, it is not as spectacular at it looks in Naira.
The Bussiness depends on Flight volumes it handles and Price increase. If you look at the Flight volumes it reports on the backpage, it's been quite sticky (no growth).
The past performance has been blend of Hike in Handling rates (2021), Fx(2023-2024) and Covid Recovery(2020-2021) volumes.
2025 will look good with the return of Fly Emirates to Nigeria in Oct last year (one of their biggest customers) and possible successful 400% hike in Domestic handling rates they are currently pushing for.

But using past performance to project the Next 3-5 years will be hard, because with stable volumes, how far can they push for more Price increases going forward, if fx remains stable.

Insurance big boys have landed. Custodian and Nem leading the pack so far.

Bigdeal01:
Betaglass declared divided of N1.40k from EPS of N22.70k. This is way too poor. What do shareholders gain from companies like this? Capital appreciation?

2023 they paid N1.17k from EPS of N10.74k

It's their Culture of low payout. Management argues they need to retain earings because of the capital intensive nature of the Bussiness. They never wants to borrow to fund capital investments.

NettyNelly:
If you Dollarize the Revenue, it is not as spectacular at it looks in Naira.
The Bussiness depends on Flight volumes it handles and Price increase. If you look at the Flight volumes it reports on the backpage, it's been quite sticky (no growth).
The past performance has been blend of Hike in Handling rates (2021), Fx(2023-2024) and Covid Recovery(2020-2021) volumes.
2025 will look good with the return of Fly Emirates to Nigeria in Oct last year (one of their biggest customers) and possible successful 400% hike in Domestic handling rates they are currently pushing for.

But using past performance to project the Next 3-5 years will be hard, because with stable volumes, how far can they push for more Price increases going forward, if fx remains stable.

Don't cherry pick, better to dollarize the revenue and profit from 2020 to 2024 to find out if there is growth.


You didn't look at the improved efficiency and profitability from 2020 to 2024.

Return on equity increased from 7% in 2020 to 64% in 2024.

Profit margin increased from 4% in 2020 to 24% in 2024.

An investor who got a dividend of N2.54 million last year who will now get a dividend of N5.94 million from the same number of shares will tell you that his dividend income from the stock beat currency devaluation between last year and now

faoogoke:
The dividend result both will present will shock everyone.

Good shock or bad shock ?

God abeggo

Youngzedd:
It is what it is.

We wait for em.

They will sha declare something
Very important

emmanuelewumi:
Look at the compounded annualized earning growth from 2020 to 2024, from 2021 to 2024, from 2022 to 2024, then year on year earning growth from 2023 to 2024.

The trend will give you an idea if earning growth is slowing down or increasing and what to forecast for the next 3 to 5 years

Compounded annualized earning growth rate of 155% from 2020 to 2024.

155% from 2021 to 2024

119% from 2022 to 2024

132% year on year earning growth rate from 2023 to 2024

Chief Emma, this is 100%. Fela sang it:

"Suffer, suffer for world
Enjoy for Heaven
Christians go dey yab
"In Spiritum Heavinus"
Muslims go dey call
"Allahu Akbar"
Open your eye everywhere
Archbishop na miliki
Pope na enjoyment
Imam na gbaladun"

But the magas must pay. One should only pay where there is accountability or help the truly needy directly.

emmanuelewumi:
My take

As the break long nah so some people use 3+ pages to derail this forum.
NSEMPA people no fit to stop to amaze person. The market resumes on Wednesday.
Enjoy the holiday people!

USA2019:
Lol stop tagging me in all the senselessness. This irrational mentality is why the country/continent is retrogressive while rational European countries are progressing, yet you crave for all the products of their rationality. LMAO. I see, Africans were not giving birth before your European masters came to show you how to give birth in the hospital. If your brain (rationality) is not suspended you cannot be worshipping in most of those places you call church in Nigeria. Please stop already.

So the country/continent is retrogressive, because of "irrational thinking and senseless" practices like tithe paying/collecting by those who wish, while Europe which brought us Christianity, tithe paying and collecting by those who wish, is progressive even though they're still in those practices.

So, remind me, from which village in Europe did you migrate to Houston?

Donald Trump's deportation squad has my permission over you, not to harm you, but to bundle you back here to come and repeat your home training.
But if they choose to rendition you to El Salvador, still nothing too bad.
They will only teach you there how to enter another man's country legally.

Don't forget to start your warped rebuttal with "Lol".

Apologies, I don't converse with people having comprehension issues. When you have mastered the art of comprehension, you can come back for a conversation.

zendi:
So the country/continent is retrogressive, because of "irrational thinking and senseless" practices like tithe paying/collecting by those who wish, while Europe which brought us Christianity, tithe paying and collecting by those who wish, is progressive even though they're still in those practices.

So, remind me, from which village in Europe did you migrate to Houston?

Donald Trump's deportation squad has my permission over you, not to harm you, but to bundle you back here to repeat your home training.
But if they choose to rendition you to El Salvador, still nothing too bad.
They will only teach you there how to enter another man's country legally.

Don't forget to start your warped rebuttal with "Lol".

emmanuelewumi:
My take

Giving money to a church, or the practice of Christianity, or even Religious practice of any sort, or lack of it, are all matters of individual volition.
But you can only say what your own faith does in you, and not what mine does in me, such as motivating me to take bold actions that often result in wealth making.

USA2019:
Chief Emma, this is 100%. Fela sang it:

"Suffer, suffer for world
Enjoy for Heaven
Christians go dey yab
"In Spiritum Heavinus"
Muslims go dey call
"Allahu Akbar"
Open your eye everywhere
Archbishop na miliki
Pope na enjoyment
Imam na gbaladun"

But the magas must pay. One should only pay where there is accountability or help the truly needy directly.

I still don't understand how those guys succeeded in scamming the so called educated, intelligent, knowledgeable and informed Nigerians.


At the end of the day, their spouses and children will inherit the business whose stock in trade is imaginary hope, motivation, miracle, breakthrough etc.

zendi:
So the country/continent is retrogressive, because of "irrational thinking and senseless" practices like tithe paying/collecting by those who wish, while Europe which brought us Christianity, tithe paying and collecting by those who wish, is progressive even though they're still in those practices.

So, remind me, from which village in Europe did you migrate to Houston?

Donald Trump's deportation squad has my permission over you, not to harm you, but to bundle you back here to come and repeat your home training.
But if they choose to rendition you to El Salvador, still nothing too bad.
They will only teach you there how to enter another man's country legally.

Don't forget to start your warped rebuttal with "Lol".

Lol.. na him type dey cry all over social media on trump immigration policy. Hand go definitely touch the guy soon. English go finish for him mouth

Caverton will sure be digging for an helicopter with this their gigantic loss x3 loss compared to fy23. Na wa o

emmanuelewumi:
I still don't understand how those guys succeeded in scamming the so called educated, intelligent, knowledgeable and informed Nigerians.


At the end of the day, their spouses and children will inherit the business whose stock in trade is imaginary hope, motivation, miracle, breakthrough etc.

This life is a choice. Funny enough the fela who didn't fall into giving to those categories did not equally leave behind good family legacy or moral standard..It was just his music that made waves He decided to spend his own money on drugs,drinks and women. It was said he had HIv too before death allegedly So he made his choice and nothing special .

I wish I understood what you mean by imaginary miracle. As I believe miracle happens according to your faith and not another person faith .