₦airaland Forum

essentialone:
only 2 units of Fortis Insurance has been sold today. Holders are not smiling at all...

Oasisblue:
Lol. How do you folks interprete financial results? You call this not good? Really?
The balance sheet has moved from a mid-cap profile to a mega-cap powerhouse.
Total Assets: Surged by 495% to ₦10.42 trillion (FY 2024: ₦1.75 trillion). 
Property, Plant & Equipment (PPE): Jumped to ₦5.01 trillion from ₦676.6 billion, reflecting the acquisition of productive oil and gas assets. 
Decommissioning Liabilities: Increased significantly to ₦1.46 trillion, a long-term obligation associated with the newly acquired fields. 
Total Equity: More than doubled to ₦3.48 trillion, primarily due to the addition of non-controlling interests from the new subsidiaries.

emmaodet:
Honestly, i am not really impressed with the result.
70% of the profit before tax comes from ''other income'' and ''share of profit from associate''
They have a worrying receivables of 2.56 trillion, borrowing ballooned to 1.7 trillion from just 40 billion previous year, decommissioning liabilities of 3.35t, payables increased from 120b to 2.9 trillion.
In the share holders equity, non-controlling interest is now above 50%.
Ever since they came to Ngx, i think they have learnt the act of playing with the books unlike them.

KarlTom:
FIRSTHOLDCO

Monibabakan:

KarlTom:
FIRSTHOLDCO

essentialone:
No, they have been on Suspension for the past 7 years.

KarlTom:
Kindly confirm the page you got the bolded from

Monibabakan:

mikeapollo:
Na waa to you ooo You no dey joke at all!
Cant you allow something small to pass?. Na so you caught my mistake for Oando matter.

zendi:
This is how you know some of us old timers in this market.
A Gamble wagered 7 years ago that ended in a death-like trap.

Thank God it did not pass from coma to death;
From suspension to delisting like many did.

All this my celebration is for just a tasere sub 1 million units, not a fraction unit of which is for sale under 5, no fex...

cocolacec:
Lasaco

https://doclib.ngxgroup.com/Financial_NewsDocs/45951_LASACO_ASSURANCE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_FEBRUARY_2026.pdf

KarlTom:
This is money matter.

I'll take you serious until you inform me otherwise...

Deadlytruth:
So happy to see Standard Alliance now Fortis Global out of technical suspension. It is the last school fees stock in my portfolio.

Agbalowomeri:
Dollar is really nose-diving

mikeapollo:
I serious ooo but your own na wa.
I will make sure all my figures are 1000% accurate before I post them.

It is good someone like you with sharp eyes and attention to details dey here. People for dey form with figures anyhow

crownprince2017:
Somebody tell what is in the result of wapco the renew interest means something.

deathwing:
Thoughts on CUSTODIAN as a longterm investment?

essentialone:
6 Stocks that have hit a new ATH today are Daarcomm, Berger Paints, RT Briscoe, Abbey Mortgage Bank, TIP, Wema Bank, if you want to make quick money, these are the stocks to look into...

Oasisblue:
I am waiting for JAPAULGOLD results. I will sell off if its not impressive. Tired of parking my funds there for over a year without any appreciation and zero dividends.