₦airaland Forum

SonofElElyonRet:
With all due respect, you are in no position to speak so emphatically on the matter... Except you can provide some hard evidence to prove it's a fake story. The best you can do is to express doubts as to the veracity

nosa2:
That's a possibility. It's also very possible we would not touch N19 for another 10 years.

emmanuelewumi:
All the billionaires are writing their biography, Dangote will include that encounter in his biography

SonofElElyonRet:
Not logically correct that if he doesn't include the story in his biography then it means it is false

nosa2:
The game is the game. And God knows I love this game

zendi:
Megawealth01= the game is the game.

Nosa2= it is not a team sport.

KarlTom= every malam to his own kettle.

Zendi= nsempa no go kee pesin.

The shaping of nsempa thought.

Streetinvestor2:
The bag holders have not yet bought. Those insurance stocks will still go above those prices this yr.Some will still touch #5.It is not only kpakus that can manipulate thr price.The burst will come after thr full yr result. The jingles is seriously happening in social media platforms to an extent my wife is now interested and asking what is jijo. She want to invest because someone is promising 500% on his twitter space for insurance stock. Na me no agree yet

Agbalowomeri:
Have you heard any of those stories from Dangote himself? Nigeria Pentecostal businessesmen and claiming glory 5&6

Same way Christ embassy dey claim Elon Musk as a sponsor of Rhapsody

If you tell a lie 100x, it doesn't become the truth

Itzlinda:
The jingles have indeed started in social media.. I see the top happening around December.

I see some Hausa content creators teaching people how to buy stock with 2000 naira

nosa2:
That's a possibility. It's also very possible we would not touch N19 for another 10 years.

emmanuelewumi:
The only one I can remember of are Dunlop and Oando

I am always lucky to bailout before katakata .
burst. I bailed out before Intercontinental bank, Oceanic bank, Wema Bank, Mutual Benefits Assurance, Union Bank, Skye Bank, Afribank had issues. I sold everything.
I drastically reduced my holdings in First Bank before they had issues

I bailed out of Oando at between N20 and N24 about 12 years ago and never looked back.


It is a fact that a business can't go under overnight, it must have been giving the signs about 2 years ago

EDUECO:
What were the signs that made you to sell your holdings in these companies?

Itzlinda:
The jingles have indeed started in social media.. I see the top happening around December.

I see some Hausa content creators teaching people how to buy stock with 2000 naira

SonofElElyonRet:
Not likely.. not when they are raising N250b and plan to acquire a "significant agricultural asset". There's bound to be good news at many junctions along the journey

emmanuelewumi:
Dividend cut.

Borrowing to pay dividends. You can know this when the dividend declared is more than the free cash flow.

Nestle dipped hands into reserve in order to pay dividends about 2 years ago.

You also consider the debt. I think total debt should not be more than twice of the EBIT.

Late submission of financial reports to regulatory bodies.

I also try to read and digest the auditor's report.

And many others

emmanuelewumi:
Dividend cut.

Borrowing to pay dividends. You can know this when the dividend declared is more than the free cash flow.

Nestle dipped hands into reserve in order to pay dividends about 2 years ago.

You also consider the debt. I think total debt should not be more than twice of the EBIT.

Late submission of financial reports to regulatory bodies.

I also try to read and digest the auditor's report.

And many others

emmanuelewumi:
It took our banks took our banks 18 to 19 years to attain the All Time High stock prices they had between 2006 and 2007

emmanuelewumi:
It took our banks took our banks 18 to 19 years to attain the All Time High stock prices they had between 2006 and 2007

Phlinx:
not. get letters of administration for the shares. should be normal sailing from there on.

Mpeace:
It is not that difficult. It is just expensive.
Letter of administration will take like 15% of the cost of the shares depending on the state.
Then you identify the particular registrar for each company and make the necessary applications and fees for confirmation of the Letter of admin.

SonofElElyonRet:
Not likely.. not when they are raising N250b and plan to acquire a "significant agricultural asset". There's bound to be good news at many junctions along the journey

Agbalowomeri:
How sure are you that we are not already at the top?

nosa2:
You guys really didn't get it Sha. The N250b will be shared amongst more mouths na. Do each share will be with a lot less.

Anyway I'm not here to teach or argue. Market will teach everyone

nosa2:
You guys really don't get it Sha. The N250b will be shared amongst more mouths na. So each share will be with a lot less in the short term

Anyway I'm not here to teach or argue. Market will teach everyone

emmanuelewumi:
Another thing to consider is the quality of the earnings.

Some profits are not backed by cash.

I expect a free cash flow conversion of at least 70%

That is free cash flow/profit after tax.

Profit should also be from operation. Some businesses that are popular here made profits through the disposal of their assets or tax credits. This is not sustainable

Continuous reduction in ROE and margins are also red flags

chimex38:
Good news @ many junctions till...........?
We await this "good news analysis"

OandO go be child's play..

emmanuelewumi:
It must be included jor, an encounter that made him the richest Blackman in the world.

How can he forget that life changing encounter

SonofElElyonRet:
Till Ellah begins to make profit and pay dividends. At that stage you'll be chasing the bus at km 100

emmanuelewumi:
Check out the Math. Current equity is less than N25 billion, but want to raise N250 billion.

Probably people who invest in the planned N250 billion public offer, will own 45% of the business.

I don't think intelligent investors will buy that although we have more of emotional and unintelligent investors in the market

The best bet is for them to have a right offer, but I know that can't work. Because most of the current shareholders are looking for a greater fool. So a right offer can't fly

emmanuelewumi:
For that to be justified based on the current 3.6 billion shares of the company.

Ellah must make a revenue of N72 billion and profit after tax of N36 billion at a net profit margin of 50%.

That will give it EPS of N10 and probably pay a dividend of N7 per share


It is very possible, they only need to show workings and evidence