₦airaland Forum

Olaide1295:
Insider: Kunle Alake bought 2 million units of DangCem yesterday.
https://doclib.ngxgroup.com/Financial_NewsDocs/50_Notification_of_Insider_Dealing_-_Olakunle_Alake_(Final).pdf

Olaide1295:
Conoil H1 results. Revenue & profits fell. Oil marketers are in trouble .

https://doclib.ngxgroup.com/Financial_NewsDocs/44807_CONOIL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

Olaide1295:
Conoil H1 results. Revenue & profits fell. Oil marketers are in trouble .

https://doclib.ngxgroup.com/Financial_NewsDocs/44807_CONOIL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

Mpeace:
Eps from N11 to N1.
Downstream oil sector dey suffer.

Someone told me the dangote revolution will also affect those with tankers and tank farms.

Agbalowomeri:
Where una dey see this money

crownprince2017:
What about the bonus share they are distributing, wouldn't you still value it more because of that.


Bonus lanje.....

Payunsin:
This Nidf dividend sweet oo

Olaide1295:
Conoil H1 results. Revenue & profits fell. Oil marketers are in trouble .

https://doclib.ngxgroup.com/Financial_NewsDocs/44807_CONOIL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_AUGUST_2025.pdf

GeeKudi:
From the press release by Oando following the H1 report:

"We are pleased to announce that the distribution process has now received all necessary regulatory approvals, including clearance from the Securities and Exchange Commission (SEC). With these approvals secured, Oando confirms that the Tranche 1 distribution is expected to be completed on or before August 8, 2025."

Redoil:
these are parts of the lies the cowboys want us to believe so they can steal every thing until price go up and never come down

ositadima1:
It's a good tool, though it still requires a lot of maintenance. The NGX would probably give you access to data for a fee—I think Stock Bubbles is built on top of that. You could host it like Stock Bubbles and allow users to create their own IDs, like Yochaa.

Redoil:
these are parts of the lies the cowboys want us to believe so they can steal every thing until price go up and never come down

Mpeace:
Eps from N11 to N1.
Downstream oil sector dey suffer.

Someone told me the dangote revolution will also affect those with tankers and tank farms.

yMcy56:
My thoughts as well.
MTNN also deceived people with such lies until they changed the game.
Share price N5? Funny
Share price that will establish support on Monday
Wale that is still trying to do gentleman, when he's ready, na all of una go open mouth dey watch the film.......just like some watched it moved from 8 to 90+

** Don't take my words for it o. 😁

awesomeJ:
I'll check out those tools when I'm in the mood, for now I'm happy with the functionality.

You probably mean `efforts`? Which isn't a lot at all.

Maintenance is not in context here. The app is stable.

Streetinvestor2:
@derugged Prof. I am in onado, Ci leasing, and will never be part of ellah kpakus.
Can you use the same 13 fronts used on oando on this two.I want to see the results too

ositadima1:
What happens when a company gets delisted or added to the NGX, since you're using a dropdown? Also, to track your performance, you'd have to manually enter current prices, which is prone to errors. That’s the kind of maintenance I’m thinking of.

DeRuggedProff:
Excellent, Commander ⚔️.
I’ll now put C&I Leasing Plc (H1 2025) side‑by‑side with Caverton Offshore Support Group Plc (Q2 2025) — both dissected using the same elite forensic reconnaissance framework. This will expose exactly which battlefield offers the superior risk‑reward profile.


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🔍 CI Leasing vs Caverton – H1/Q2 2025 Forensic Battle Dossier

Zone C&I Leasing (H1 2025) Caverton (Q2 2025) Battlefield Verdict

Revenue Growth ₦20.5B (+12.6% YoY) ₦16.1B (−14.3% YoY) CI wins: steady growth vs Caverton’s contraction
Revenue Mix 88% lease rentals → highly concentrated 85% helicopter ops; CATC rising but <20% Both high risk concentration
Margins Gross Margin 68.5%; Net Margin 5.3% Gross Margin 55.9%; Net Margin 13% Caverton wins: better profitability (boosted by FX gains)
FX Impact ₦681M FX loss (negative drag) ₦6.9B FX gain (artificial boost) CI’s profit more real; Caverton’s FX reliance risky
Debt Profile ₦44.3B debt; D/E 0.91x ₦63.4B debt; negative equity ₦−52.5B CI far stronger; Caverton equity destroyed
Interest Coverage 0.9x → barely above water 1.2x → slightly better, but FX‑boosted Edge Caverton short‑term, CI safer structurally
Equity Base ₦48.6B positive; BVPS ₦19 ₦−52.5B → shareholder value wiped CI clear winner
Liquidity Ratios Current 1.26x; Cash 0.15x Current 0.56x; Cash 0.02x CI much safer
Efficiency Receivable Days 157; Asset Turnover 0.16x Receivable Days 135; Asset Turnover 0.21x Caverton more efficient; CI sluggish collections
Profitability Ratios ROE ~4.4%; ROA 0.8% ROE not meaningful (negative equity); ROA 2.7% Caverton better ROA but structurally weak
Valuation (Blended) ₦9.50–₦10.50 fair value; Upside +44–60% from ₦6.58 ₦7.50–₦9.00 fair value; Upside +0–10% from ₦8.18 CI offers bigger upside
Red Flags “Other Assets” surge (+67%); high debt load FX gains distort profit; negative equity; liquidity crisis Caverton riskier
Strategic Catalysts MV BELLO commissioning; debt restructure; foreign JV interest CATC aviation school; potential capital raise; FX stability CI catalysts more tangible
Altman Z‑Score Grey Zone → borderline distress <1.8 → distress zone CI safer
Beneish M‑Score Risk Possible accrual manipulation via “Other Assets” FX‑boosted numbers hide fragility Both carry manipulation risk



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⚔️ Tactical Verdict

CI Leasing (₦6.58):

Fair Value: ₦9.50 – ₦10.50.

Upside: +44% to +60%.

Risk: Heavy debt & receivable drag, but profits real.

Status: Tactical BUY (risk‑tolerant).


Caverton (₦8.18):

Fair Value: ₦7.50 – ₦9.00.

Upside: Neutral at current price.

Risk: Negative equity; liquidity crisis masked by FX gain.

Status: SPECULATIVE HOLD — trade, don’t invest.




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🧭 Forward-Looking Commander’s Outlook

If you want a safer long‑term asset with deep undervaluation: CI Leasing.

If you want a speculative turnaround bet riding on CATC + FX luck: Caverton.

But CI is the one with real equity, real book value, and more credible catalysts.



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⚔️ So, Commander — want me to now simulate what happens if MV BELLO is fully operational by Q4 2025, and how much that alone could shift CI’s fair value? That would reveal whether holding through the volatility at ₦6.58 could deliver a double‑digit return blast.

awesomeJ:
I'll check out those tools when I'm in the mood, for now I'm happy with the functionality.

You probably mean `efforts`? Which isn't a lot at all.

Maintenance is not in context here. The app is stable.

awesomeJ:
That's not what maintenance means in the context of software development.

And for my use case, getting a csv from my brokers would be what's needed.


What you'd get from NGX is probably web socket communication which would require you to leave the app running for hours.

That's unnecessary for my use case.


If a stock is delisted it's totally a non issue, it's just same flow as having a stock in the drop down that I didn't trade for the day.

Plus I could have a clean up button that takes the ticker as input and just delists it from my DB too.

for closing prices, you only need to enter those who have price changes in the session and which I haven't exited. Could be 5 or less.


I think you're making way more comments on the app than you have context.

Your context is limited on its functionality as well as my use case.

For me, if I saw it as a paid app while I didn't have web development skills, I would gladly pay 20k monthly for it in its current form.