₦airaland Forum

emmanuelewumi:
I sold last year at N80 to buy more of Presco for about N460

What do you think about VFDGROUP?

I picked some interesting base on their financials.

Which one is this again?

emmanuelewumi:
I sold last year at N80 to buy more of Presco for about N460

Yes I remember then.i equally bought afolabi units of presco at that price in one of my portfolio .I was buying even close to 1k and since then I stopped.
I was expecting pull back that has refused to happen and not likely to happen again unless we have serious bear market. The Ghana deal will definitely improve more of the numbers

Raider76:
Which one is this again?

OANDO

Raider76:
Which one is this again?

Are the things thr written in French haba.
You can equally go back on the thread today and see alot has been said regarding it.
Why do we have this bad reading culture when you can just start from the first page of this thread today if you have been busy.

I come in peace

Tinubu’s Reforms Will Make Nigerians Abroad Want To Return, Says Youth Minister


https://www.thecable.ng/tinubus-reforms-will-make-nigerians-abroad-want-to-return-says-youth-minister/?fbclid=IwQ0xDSwLrZxBjbGNrAutnD2V4dG4DYWVtAjExAAEe701LCGkoeYV9xeffUsAUHNb9LYa4C7LvmMDMqrZkXvmNCErGz4hMZ2gXWv0_aem__vF_ttRIBF6aLZv3Xcyf6g

Streetinvestor2:
Yes I remember then.i equally bought afolabi units of presco at that price in one of my portfolio .I was buying even close to 1k and since then I stopped.
I was expecting pull back that has refused to happen and not likely to happen again unless we have serious bear market. The Ghana deal will definitely improve more of the numbers

I erroneously assumed that after an acquisition, a business’s financials will take a hit for a few quarters (since they will have used their balance sheet to acquire another company)….similar to what was happening with Access.

I then thought to wait before buying Presco….terrible assumptions.

Lafarge Africa Plc’s financial statement for the six months ended 30 June 2025 reveals strong financial performance compared to the same period in 2024.

Key Highlights:
•Revenue: The Group’s revenue rose sharply to ₦516.98 billion from ₦295.58 billion in H1 2024, indicating robust sales growth.
•Gross Profit: Gross profit for the period more than doubled to ₦295.77 billion from ₦147.64 billion, reflecting increased efficiency and higher sales.
•Operating Profit: Operating profit surged to ₦192.27 billion compared to ₦78.91 billion previously, showing improved core profitability.
•Profit before Tax: There was a significant jump in profit before tax to ₦199.74 billion from ₦46.63 billion, driven by higher operating profit and a favorable finance cost position.
•Profit After Tax: Profit after tax increased strongly to ₦132.68 billion, up from ₦29.35 billion, illustrating excellent bottom-line growth.
•Earnings per Share: Basic earnings per share rose to 824 kobo in H1 2025 from 182 kobo in H1 2024.
•Expenses: While selling, distribution, and administrative expenses increased, these were outweighed by revenue growth and efficiency gains.
•Financial Position: Property, plant, and equipment stood at ₦422.3 billion, showing continued investment in fixed assets.
Overall, Lafarge Africa Plc demonstrated substantial improvement in revenue, profitability, and earnings for the first half of 2025, indicating a strong operational and financial position.

Credit @bivins1

Sunrisepebble:
H1 EPS for WAPCO N8.24, 200bn PBT

Succinct! Indeed, less is more (valuable)!!

Aliko Dangote’s refinery is getting even bigger.

Africa’s richest man has confirmed plans to expand the Dangote Refinery’s capacity from 650,000 to 700,000 barrels per day by the fourth quarter of 2025, a boost backed by upgrades and a surge in U.S. crude imports.

Currently, a key unit of the refinery, the Residue Fluid Catalytic Cracking (RFCC) unit, is running at 85% efficiency, converting heavy oil into high-demand fuels like diesel and LPG.

Meanwhile, the refinery has purchased 19 million barrels of U.S. crude in June and July alone, meeting over half of its monthly demand.

Since opening, the $19 billion refinery has helped cut Nigeria’s fuel imports significantly and is now pushing further into natural gas and fertilizer production.

Raider76:
Which one is this again?

I think this is just to satisfy the disclosure in Oando's 2024 AFS where it was stated that there will be an extra ordinary general meeting (EGM) in 2025 to deliberate on the capital and financial position of the company.

KarlTom:
Looking at the year on year results, I find myself wondering (and asking) what really changed?

Is this improvement a result of the Chinese bid or something else

Naija company management dey fear Chinese...so report must be correct!
NB: I hold WAPCO....

emmanuelewumi:
I sold last year at N80 to buy more of Presco for about N460

Chai.... You do have a vision!
460 => 1300+
See Hammer!

Nigeria GDP Swells To ₦372.8 Trillion In 2024 After Rebasing

https://businessday.ng/business-economy/article/nigeria-gdp-swells-to-n372-8-trillion-in-2024-after-rebasing/

Warren Buffett imparted his unique viewpoint on success, underscoring the significance of love and respect over the accumulation of wealth.

Buffett, while interacting with students at Georgia Tech, expressed that the ultimate yardstick of success is not wealth, but the love and respect one garners from others.

In his biography “The Snowball: Warren Buffett and the Business of Life,” Buffett’s insights suggest that the real measure of a successful life is the love one receives from those they hold dear. He pointed out that numerous affluent individuals receive public acclaim, but lack genuine love and respect from others.

Buffett’s viewpoint challenges the traditional definition of success, which frequently highlights personal accomplishment and wealth accumulation.

He contends that a concentration on caring for others, rather than oneself, leads to greater success in areas that truly count, such as trust, respect, loyalty, and meaningful impact.

Buffett’s message is especially relevant in the current climate of division and widespread burnout. He proposes that a leader’s legacy is not determined by their professional accomplishments, but by how they treat others.

Buffett’s philosophy of success, centered around love and respect, provides a fresh perspective in a world often ruled by self-interest and competition.

Buffett’s unconventional perspective on success is a timely reminder of the importance of empathy and respect in a world often driven by materialistic pursuits.

His philosophy underscores the significance of human connections and the value of earning love and respect from others.

This approach, centered around love and respect, offers a refreshing perspective in a world often dominated by self-interest and competition.

It serves as a reminder that success is not just about wealth accumulation, but also about the positive impact one can have on others.

Don't romanticize, canonize or eulogize poverty. There's no virtue in poverty.

Relate cordially with people here/elsewhere who are willing to assist you on your path to MEGAWEALTH. Avoid negative minded people if possible BLOCK them especially MENTALLY.

Above all EMBRACE WORKABLE KNOWLEDGE, BE DILIGENT, BE INTENTIONAL, BE PATIENT and always ask questions for DIRECTIONS. GIVE IT TIME.

YOUR MEGAWEALTH is SURE in JESUS CHRIST name!!!

What are we expecting from some of these companies (like japaul, Ellah and others) that want to raise funds, can they fix a price higher or lower than their current quoted price on the exchange? I mean based on old experience of the companies which did fund raising before.

stockish:
What are we expecting from some of these companies (like japaul, Ellah and others) that want to raise funds, can they fix a price higher or lower than their current quoted price on the exchange? I mean based on old experience of the companies which did fund raising before.

The higher the better for their fund raising to avoid a bloated OS

Learn from this...

Dunstan Low had a beautiful home worth $1 million, but despite his best efforts, no one wanted to buy it. Instead of lowering the price or giving up, he took a bold and creative risk: he launched a public raffle where anyone could buy a ticket for just $1. What started as a desperate move quickly became a viral phenomenon. People from all over the world bought tickets hoping to win a mansion for the price of a coffee.

In total, Low sold 2 million tickets and raised $2 million, twice what he originally asked for. He gave the home away to one lucky winner in a dramatic live television event. Not only did he offload the house, but he also inspired a new way of thinking about real estate. Sometimes, the solution isn’t lowering the price, it’s raising the stakes.

stockish:
What are we expecting from some of these companies (like japaul, Ellah and others) that want to raise funds, can they fix a price higher or lower than their current quoted price on the exchange? I mean based on old experience of the companies which did fund raising before.

Yes, they can, but most commonly, the offer price is set LOWER than the current market price. This is done strategically to encourage existing and new investors to participate.

• Based on Past Experience in Nigeria

Here’s what usually happens in practice:

1. Rights Issues

A rights issue allows existing shareholders to buy more shares at a discounted price.

Example:

If a company’s current market price is ₦1.20, the rights issue may be priced at ₦0.90 or ₦1.00.

This discount serves as an incentive for shareholders to take up the rights.

2. Private Placements / Public Offers

These can also be priced below market price to attract institutional or high-net-worth investors.

In some rare cases, especially when investor confidence is high, the company may price at or slightly above the market price, particularly if there’s a strong growth story or strategic acquisition behind the fundraising.

📌 Examples from the Nigerian Market

• Transcorp Hotels (2020)

Conducted a rights issue at ₦3.76/share, while the market price was about ₦4.85/share — a clear discount.

• UBA Rights Issue (2014)

Priced at ₦4.00, below the then-market price of around ₦5.00, to encourage uptake.

• Ellah Lakes (Planned Capital Raise 2021–2024)

Their previous announcements suggested plans for private placements to strategic investors. Though pricing details weren't always disclosed publicly, market watchers expected them to offer at a discount to market price due to low liquidity and risk appetite.

• Japaul Gold & Ventures

In 2020–2021, Japaul made attempts to raise funds to support its transition into mining. While no major rights issue was concluded, any pricing would likely have been at a discount, given the speculative nature of its stock and investor caution.

• Key Regulatory Guidelines (NGX/SEC Nigeria)

SEC Approval Required: The SEC must approve the pricing, and the company must justify it.

Fair Valuation: A fairness opinion or valuation report is often required if the price differs significantly from market.

Shareholder Approval: Especially for private placements, shareholders must approve the price and structure.

What’s your expectation for Q2 for the bolded, have not really been following the sector. Added more yesterday

emmanuelewumi:
I sold last year at N80 to buy more of Presco for about N460

We missed yesterday due to a data outage from the source. Thanks for riding it out with us!

Mfunkynation:
Chai.... You do have a vision!
460 => 1300+
See Hammer!

Lol, many people pointed it out—myself included. I told the guys in DangSugar back then to get out because of all the issues. I also disclosed that I was entering Presco as a much better alternative. I've more than doubled since then. How are the sugar guys doing now? When the dust settles someday, I’ll be back with you on sugar, lol.

megawealth01:
Tinubu’s Reforms Will Make Nigerians Abroad Want To Return, Says Youth Minister


https://www.thecable.ng/tinubus-reforms-will-make-nigerians-abroad-want-to-return-says-youth-minister/?fbclid=IwQ0xDSwLrZxBjbGNrAutnD2V4dG4DYWVtAjExAAEe701LCGkoeYV9xeffUsAUHNb9LYa4C7LvmMDMqrZkXvmNCErGz4hMZ2gXWv0_aem__vF_ttRIBF6aLZv3Xcyf6g

Lol. It may be sarcastically true
It may be a reverse directional flow: those abroad may want to return because their little foreign currency cash can afford them millions of naira to enjoy life and flex, while those living in the country will want to run abroad in desperation to escape harsh poverty in the country.

I don't know what some of these politicians smoke/drink or what they take citizens for.

ositadima1:
You are the one who is late to the party, not TA. After 2022, TA would have advised you to wait for it at 20, as there was support there from 2021. The other significant point would have been around 30, which is clear in the chart because that was the resistance throughout 2022. In 2023, that resistance was broken, and if you had WAPCO in your sights, you should have entered then.

As of today, support is at about 35 or below. If you can acquire it there, you should be fine. Set your target for 45 and above. But why do people try to dismiss what they don't understand? I respect all strategies, whether FA or TA; they all have their strengths and weaknesses. And, just as we have Buffett, we also have Simons, who made billions using technicals.

ositadima1:
Amber Alert!!!

Watch out for WAPCO and GUINNESS. There are some sentiments reflected in their charts, though I'm not certain whether they are positive or negative.

Check the dates I posted those. One was in response to the fellow called Street, and the other was a standalone statement — made well before the news about Chinkos intentions. The charts had already hinted at a rise back then.

So, you follow fundamental analysis — that’s fine. Technical analysis also has its strengths.

Now back to my hobby — take a look at EllahLakes. If you're in profit, take profit. I didn’t say sell off completely, just take some profit. There are sellers waiting around ₦12, and they’ll crash it again as soon as buyers build up.

Fundamentally, it has overshot. I’m particularly interested in this one because I started the current EllahLakes movement here, and it's only honorable to point out hiccups when I see them — unlike some people who only talk about entry, but never talk about exit.

Sunrisepebble:
What’s your expectation for Q2 for the bolded, have not really been following the sector. Added more yesterday

I am expecting Q2 EPS of N50 and H1 EPS of N97.

Full year EPS of N195 to N200

mikeapollo:
Lol. It may be sarcastically true
It may be a reverse directional flow: those abroad may want to return because their little foreign currency cash can afford them millions of naira to enjoy life and flex, while those living in the country will want to run abroad in desperation to escape harsh poverty in the country.

I don't know what some of these politicians smoke/drink or what they take citizens for.

It's all about 2027

Stocks on my watchlist for today's trading session on the NGX


https://www.youtube.com/watch?v=Qzzj_POoNq0

Thanks for the explanation. It's good to see Oando fulfilling promises. Maybe they will get around to actually fulfilling the one of share redistribution.

mikeapollo:
I think this is just to satisfy the disclosure in Oando's 2024 AFS where it was stated that there will be an extra ordinary general meeting (EGM) in 2025 to deliberate on the capital and financial position of the company.

Ding

We go again today......


Happy trading/investing