₦airaland Forum

Mpeace:
Chai. Hope you know some pple bought at 90?

mikeapollo:
Nothing is impossible.
But if they should report good profits for Q3, they will use it to promote the capital raise and nothing will stop Oando from hitting N100.

EDUECO:
Japaulwood marketer why have you not moved it to 7 Naira?

From 3 Naira to this current price.

Investor wey dey play kaloialo!

EDUECO:
Japaulwood marketer why have you not moved it to 7 Naira?

From 3 Naira to this current price.

Investor wey dey play kaloialo!

SonofElElyonRet:
He who laughs last... It will go above N5 before the capital raise which is projected to be in the region of N5 per share according to deductions from the EGM resolutions

nosa2:
Make una continue oh

EDUECO:
Japaulwood marketer why have you not moved it to 7 Naira?

From 3 Naira to this current price.

Investor wey dey play kaloialo!

SonofElElyonRet:
Make e first come down to N30 make I jump enter bus

SonofElElyonRet:
Might also be interested. How many is plenty?

Agbalowomeri:
Una wan collect back the billions wey loco don carry

I am sure he has sold and ran away

Agbalowomeri:
It will get back there in 15 years

mikeapollo:
Hope you know how this Oando ''molue bus'' operates?
It is either you ''enter early'' and hope you are lucky to find an ''empty seat'', or enter when fully packed and take ''standing'' position, or you run after the bus in motion, ''jump and hang by the door'' and gradually ''squeeze'' your way in.

Agbalowomeri:
Una wan collect back the billions wey loco don carry

I am sure he has sold and ran away

SonofElElyonRet:
I go enter when bus break down dey await repair. Many people go don lose hope join another bus

ositadima1:
VFD Group’s Q1 results showed great improvement, yet the share price kept falling. I think this is the time to accumulate, assuming they maintain the same total dividend payout: ₦2.50 per share × 7,601,094,600 shares = ₦19,002,736,500.

After their proposed rights issue of 2 for 3 at ₦10 (is this correct?), I expect to see new shares outstanding of about 12,668,491,000. Dividing ₦19,002,736,500 by 12,668,491,000 gives roughly ₦1.50 per share.

Stay with me: if they maintain (and I actually think they might pay higher) the same total payout ratio, the dividend should come to about ₦1.50 per share (probably more). Here’s where it gets interesting — after running a dividend valuation, I arrive at ₦20 (minimum).

With the current price at ₦12, that’s still a significant upside, even if one doesn’t pick up rights. To me, VFD Group is a solid BUY at ₦12 (or maybe a little lower). Do your DD, and keep in mind it will likely be a gradual climb.

Agbalowomeri:
Lol that means youhaven't been following my calls

Agbalowomeri:
To close at 150 may mean that we could still see 125-130k before a roar back up

Agbalowomeri:
Una wan collect back the billions wey loco don carry

I am sure he has sold and ran away

nosa2:
Na today nyash dey back?

All na bull market talk.

Las las you be wicked somebody oh!! See the matter wey you go rise

SonofElElyonRet:
He who laughs last... It will go above N5 before the capital raise which is projected to be in the region of N5 per share according to deductions from the EGM resolutions

SonofElElyonRet:
I'm not asking anyone to invest. Just use the number of shares to be created and the amount sought to be raised in order to discover likely share price for capital raise

Agbalowomeri:
Una wan collect back the billions wey loco don carry

I am sure he has sold and ran away

crownprince2017:
Loco run ke...

Person wey supposed they accumulate run bawo.....

Agba u no go kii person..

Naso person think him don't wicked me wey enter ellah at 2.84....

He go tey before I lose my gains talkless of capital..

ositadima1:
VFD Group’s Q1 results showed great improvement, yet the share price kept falling. I think this is the time to accumulate, assuming they maintain the same total dividend payout: ₦2.50 per share × 7,601,094,600 shares = ₦19,002,736,500.

After their proposed rights issue of 2 for 3 at ₦10 (is this correct?), I expect to see new shares outstanding of about 12,668,491,000. Dividing ₦19,002,736,500 by 12,668,491,000 gives roughly ₦1.50 per share.

Stay with me: if they maintain (and I actually think they might pay higher) the same total payout ratio, the dividend should come to about ₦1.50 per share (probably more). Here’s where it gets interesting — after running a dividend valuation, I arrive at ₦20 (minimum).

With the current price at ₦12, that’s still a significant upside, even if one doesn’t pick up rights. To me, VFD Group is a solid BUY at ₦12 (or maybe a little lower). Do your DD, and keep in mind it will likely be a gradual climb.

awesomeJ:
DANGCEM won't pull it that much,
BUAs are not that distributed.
AIRTEL is stuck till 2027 😁
Only bad Q3 from MTNN would give your expectation some hope.

Bank dividends too, but those cannot drag more than 5k off.

150k is more likely than 130

mikeapollo:
Thanks for bringing this up.
This VFD seems a quiet, but valuable stocks. What is getting me confused is why they did a 5:1 bonus just over a year ago, and then do another capital raise this year. Apart from this, their fundamentals look good. It is a stocks one can load without much noise if the price is right.

courage89:
Interesting analysis. Thanks for sharing

I doubt they’ll be able to maintain similar payout ratio. The #2.5 Naira (3.2 billion Naira) for 2024 fy represents about ~28% payout ratio of their 11 billion Naira PAT. Also, that was based on lower outstanding shares, pre- 5 for 1 bonus. 2025 fy outstanding shares will rise to 12.7 billion as you rightly highlighted. Half year net income was 5 billion Naira. Assuming they double that, that should put their net income at 11 billion Naira (EPS of ~1.45 Naira).

Assuming a high payout ratio of 50%, that’s about 0.73 Naira (7% yield at 10 Naira share price).

I do agree, the company is undervalue based on book value.