₦airaland Forum

Streetinvestor2:
I no be trader oh.I be investor.
I no go collect proxy form from you because I bookmarked one of your post.
In that particular post you claim the 250 billion is already at hand.So after egm and is not true.
I go drag you like tiger generator here for lying..lol
And if na true you go collect 21 salute .I know say we way no be audio sabi it is not even easy for banks to raise that kind money in this recapitalisation

SonofElElyonRet:
What's this one saying Ogbeni, did Cinderella not have an enemy who was her cruel step mother? Does Ellah lakes not have vicious enemies here? I am comparing Ellah lakes to Cinderella and not talking about people.

emmaodet:
I don't know how Nascon has been moving below my radar all this while without noticing.
The company is been run well.
Good income statement, Balance sheet is impressive and cash flow statement very nice.
Some observations -
DIO = 67 - Inventory sits in warehouse on an average 67 days before been sold. That is a bit on the high side. Should be less than a month. Signals not so much demand or high competition from other players in the market.
DSO = 28 days - average days to get back receivables which is good.
DPO = 12 days - Takes 12 days to pay suppliers.
Overall - Cash get used up faster, tied up compared to the time taken to generate cash.
In the mean time, the FCF and OCF are positive and increasing.
CCC = 82 - it takes on average 82 days to buy(use up cash) inventory, process it, sell and get back cash (generate).
Capex/Dep is 0.6 - 60% of depreciation is capital expenditure. The machines are depreciating faster than the money invested back into them to avoid breakdowns and increase production on the long run.
Current Price #74.9. At P/E of 10, my implied FY price should be around ₦100. roughly a 25% upside

emmaodet:
I don't know how Nascon has been moving below my radar all this while without noticing.
The company is been run well.
Good income statement, Balance sheet is impressive and cash flow statement very nice.
Some observations -
DIO = 67 - Inventory sits in warehouse on an average 67 days before been sold. That is a bit on the high side. Should be less than a month. Signals not so much demand or high competition from other players in the market.
DSO = 28 days - average days to get back receivables which is good.
DPO = 12 days - Takes 12 days to pay suppliers.
Overall - Cash get used up faster, tied up compared to the time taken to generate cash.
In the mean time, the FCF and OCF are positive and increasing.
CCC = 82 - it takes on average 82 days to buy(use up cash) inventory, process it, sell and get back cash (generate).
Capex/Dep is 0.6 - 60% of depreciation is capital expenditure. The machines are depreciating faster than the money invested back into them to avoid breakdowns and increase production on the long run.
Current Price #74.9. At P/E of 10, my implied FY price should be around #100. roughly a 25% upside

Streetinvestor2:
I will be coming with the card Ellah kpakus will likely play today being Friday being a street guy.Friday is always different like other days if you have been in this business long ago

Princkez:
I no mean stock trader ..I'm talking of ANAMBRA type of trade

KarlTom:

SonofElElyonRet:
No vex if I sounded harsh but you misunderstood my post

KarlTom:
Reason I decided against selling...

I await H1 results

Locotrader:
Ellah lakes,Japaul and CI leasing stabilizes today.
Go into these stocks today and enjoy your ride next week.

The land is getting set for full 💚🍏 green

Enjoy

Xidget:
I thought you sold at 82 yesterday?

Streetinvestor2:
Bros dey try give c I leasing small respect when you dey tag the stock with some junks..lol

Locotrader:
No stock is a junk one.
Check YTD returns to shareholders.
Transcorp is the junk stock instead.
Na money we dey find .
There is time for fundamentals,not now.
When the results start coming out,we will ride fundamental Euphoria.
By then we are out of Ellah lakes to allow it receive the punishment due for it.
Na so we go dey ride am for now

KarlTom:
Let me burst your bubble on DEAPCAP

1. They have a debt of ₦2.525 billion (non-bank creditors) which will be converted to equity at ₦1.69.
2. They have another debt of about ₦1.58 billion resulting from AMCON bailing them out of bad loans (this has not been mentioned so far).
3. The deferred income has been received in advance so it increases their liability (until the goods/service is rendered).

Every mallam to his kettle...

Locotrader:
Ellah lakes,Japaul and CI leasing stabilizes today.
Go into these stocks today and enjoy your ride next week.

The land is getting set for full 💚🍏 green

Enjoy

mikeapollo:
How would you burst my bubble when the items you listed are steps being taken to improve the fortunes and balance sheet of the company?
If you (as MD) had a deferred/unearned income of N1.5b, you would do everything to move it from liability to earned income by expediting delivery of the required goods/services. The obligation to perform is usually within a year so th valu will gradually transit from liability to sales in the coming months.