₦airaland Forum

mikeapollo:
Your rhyme about Deap will rightly make you right at the right right!.

Itzlinda:
Oh I see. The price doesn't seems bargain to me. That's why I'm confused 😀

zendi:
Bargain in this case doesn't mean cheap in terms of the overall market.

If you want to see cheap, go to the insurance sector.

PETERiCHY is alerting bargain hunters that Dangsugar is now at the best price to buy according to it's own recent price movement or history.

Olaide1295:
What are your thoughts on this?
cc: @emmanuelewumi

My thinking is that if FBNH is stoked up, we will see a general bull in other FUGAZ so far the fundamentals are good.

Agbalowomeri:


Loco and PEtERicY

Itzlinda:
Thank you. I wanted to buying ahead of their q2 result only to see price jumps 10%. I will wait and see if I can get some tomorrow when the markets open. If the q2 shows the company turn profitable from previous loss, we may see the price revisit the all time high again.

yMcy56:
@Aj8
Kindly assist to check the common sense value of MEYER
With CAP at close to 70, I think Meyer is undervalued at below 20....
Financials checked and ok from my amateur's perspective.
Thanks sir.

PuristForest:
get sunnuassur..

Willie2015:
U too like to dey throw stones

U go dey troublesome fpr pri and sec school

aj8:
@yMcy56 Meyer’s 2024 dividend was 30k.
Q1 2025 earnings per share..33k
X4 of this = 1.32
X4 x4 of this = 5.28

Current price =17.05
Current price / Common Sense price =17.05/5.28 = 3.229



CAP’s 2024 dividend… N2.40
Q1 2025 earnings per share N1.41
X4 of this = 5.64
X4 x4 of this = 22.56
Current price = 66.00

Current price / Common Sense price = 66/22.56 =2.926

For Meyer to be at par with CAP based on earnings
Current Price/ 5.64 = 2.926
Current price must fall to 5.64x2.926 =16.50


Already at these prices,
CAP dividend at N2.40 assumption =2.40/66 x 100 =3.6%

Meyer dividend at 30k assumption = 0.30/17.05 x 100 = 1.8 %

For Meyer to be par with CAP,
Dividend /17.05 x 100 =3.6
100 Dividend = 17.05 x3.6=61.38
Dividend =61.38/100 = 0.6138

Meyer will need to pay at least 60k dividend to have a yield approximately that of CAP at their current prices.


However CAPs Q1 2025 change vs Q1 2024 is about flat
While Meyer Q 1 , 2025 is huge compared to Meyer’s Q1 2024 change

Only based on if this trajectory can be sustained into following year can I see huge prospects in Meyer.

Therefore, for Meyer to make Common Sense, I would buy below N16.50 and pray and hold a couple of years.

The ratio of the current price of CAP to that of Meyer is 3.87

Let’s watch the price action on the 25th July during and around the BM to give some clues to insider information on their Q2 results. If green with increasing volume and price..i may consider buying and if red hold or better still run.

Of course anything is still possible. This is NGX, not everything needs make sense but I like to play safe.

Apologies for all the mathematics.

Itzlinda:
Thank you. I wanted to buying ahead of their q2 result only to see price jumps 10%. I will wait and see if I can get some tomorrow when the markets open. If the q2 shows the company turn profitable from previous loss, we may see the price revisit the all time high again.

SAK:
Dangote Sugar board of directors met today to approve their q2 results but no news yet?

aj8:
Fidelity vs Wema….quite a match playing out here.

SonofElElyonRet:
Thanks Mike with the "Mic" in his hand..

Deap to the moon on the Apollo

KarlTom:
UPDATED

yMcy56:
I'm sensing another time to move FBN is getting closer..
Once we starts seeing volumes now, interested persons should be taking position...

Why was Otedola's N320billion injection into FBN coinciding with the N324bn mega purchase of 25% FBN shares?
Something is fishy and yet to be disclosed....
* In fact, I'm of the opinion that the recent shedding of the share price is deliberate... Maybe to move it to acquisition point....
** In case Otedola wasn't the acquirer, then we should expect counter acquisition and mopping up of FBN shares in coming days....
*** If you have FBN shares, HOLD.

https://proshare.co/articles/femi-otedola-affirms-intention-to-increase-stake-to-over-n320bn-by-2026-promises-to-guide-group-to-african-financial-dominance?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

Zooposki:
Vest.

emmaodet:
How do you fund your vest account for international/US trading?

Zooposki:
Wire Transfers but I think you can also do bank transfers from your Naira account.

SAK:
Dangote Sugar board of directors met today to approve their q2 results but no news yet?

aj8:
@yMcy56 Meyer’s 2024 dividend was 30k.
Q1 2025 earnings per share..33k
X4 of this = 1.32
X4 x4 of this = 5.28

Current price =17.05
Current price / Common Sense price =17.05/5.28 = 3.229



CAP’s 2024 dividend… N2.40
Q1 2025 earnings per share N1.41
X4 of this = 5.64
X4 x4 of this = 22.56
Current price = 66.00

Current price / Common Sense price = 66/22.56 =2.926

For Meyer to be at par with CAP based on earnings
Current Price/ 5.64 = 2.926
Current price must fall to 5.64x2.926 =16.50


Already at these prices,
CAP dividend at N2.40 assumption =2.40/66 x 100 =3.6%

Meyer dividend at 30k assumption = 0.30/17.05 x 100 = 1.8 %

For Meyer to be par with CAP,
Dividend /17.05 x 100 =3.6
100 Dividend = 17.05 x3.6=61.38
Dividend =61.38/100 = 0.6138

Meyer will need to pay at least 60k dividend to have a yield approximately that of CAP at their current prices.


However CAPs Q1 2025 change vs Q1 2024 is about flat
While Meyer Q 1 , 2025 is huge compared to Meyer’s Q1 2024 change

Only based on if this trajectory can be sustained into following year can I see huge prospects in Meyer.

Therefore, for Meyer to make Common Sense, I would buy below N16.50 and pray and hold a couple of years.

The ratio of the current price of CAP to that of Meyer is 3.87

Let’s watch the price action on the 25th July during and around the BM to give some clues to insider information on their Q2 results. If green with increasing volume and price..i may consider buying and if red hold or better still run.

Of course anything is still possible. This is NGX, not everything needs make sense but I like to play safe.

Apologies for all the mathematics.

Mpeace:
News is that the stock went on full bid probably after the saw the result.
They might want to fully digest the result in the market before the investing public could see and also digest.