₦airaland Forum

Chibuking81:
It's almost the right time to invest, meaning that the right time to invest is about to come. Share prices are still falling. For instance, #6 million injected into Oando stock today at #6, will be reduce to #2 million, if Oando price go down to #2. A man that started falling from two story building will reach ground first and rest, after nursing his injury, he will start climbing up again. Remember, his fall might stop at the first floor or the ground floor. Stocks are falling and may not pick up quick. With the present government, the era of stock manipulation, fake company results declaration, fake worth of share price is now a thing of the past. Nigeria is going to be better again.

Are u coming back from deliverance and Holyghost baptism. This is your best post ever, flesh and blood didn't reveal this to you. Remain blessed

Just thinking; if the proposed rise in electrical tariff will affect "transcorp" shares positively?

ileman:
Just thinking; if the proposed rise in electrical tariff will affect "transcorp" shares positively?

No

Chibuking81:
1. Change of government, 2. Nigeria 2015 economic melt down, 3. The era of Stock price manipulation is coming to an end.

If you're to price Transcorp, what price will you place it on?

Youngzedd:
What is the main reason behind this Transcorp share price fall?

The main reason is that other stocks are falling and transcorp will not be left behind but in other hand, I think the market is reacting to unimpressive Hi result of transcorp. market is factoring in the result and making price correction to reflect the true value.


I think transcorp is still very expensive at the current price but investors are willing to buy at premium because transcorp stock is a growth stock which hold so much potentials

angrybull:
The main reason is that other stocks are falling and transcorp will not be left behind but in other hand, I think the market is reacting to unimpressive Hi result of transcorp. market is factoring in the result and making price correction to reflect the true value.


I think transcorp is still very expensive at the current price but investors are willing to buy at premium because transcorp stock is a growth stock which hold so much potentials

To you what's the value of Transcorp?

Youngzedd:
To you what's the value of Transcorp?

Investors pay more for transcorp because of its inherent potentials but I think its true value must not be more than 1 naira.

angrybull:
Investors pay more for transcorp because of its inherent potentials but I think its true value must not be more than 1 naira.

Thank you sir.

angrybull:
Investors pay more for transcorp because of its inherent potentials but I think its true value must not be more than 1 naira.

Transcorp! Just imagine I sold this stock 5.88, chai stock market ehn. And we were there arguing that it's not feasible to buy it again for less than 3

Godisfaithful:
China Gets Back To Buying Nigerian Crude In November

http://uk.reuters.com/article/2015/10/30/oil-west-africa-exports-idUKL8N12U27S20151030

hahaha..... Oga Peroo no dey like the kind news.

PETERiCHY:
Well all I can say is that FLOURMILL is a PYRAMID of WEALTH.

Sub N21 is a bargain. looking forward to their FY result come APril 2016.

[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

OPEC crude production climbed this month, led by gains in Libya and Saudi Arabia.
Output by the Organization of Petroleum Exporting Countries rose by 74,000 barrels to 32.211 million a day this month,

According to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 89,000 barrels higher to 32.137 million a day because of changes to the Iraqi, Ecuadorean and Emirati estimates.

http://bloom.bg/1RDAbPg

Youngzedd:
If you're to price Transcorp, what price will you place it on?

80 kobo.

Saudi Arabia’s credit rating was cut by Standard & Poor’s , which said the decline in oil prices will increase the budget deficit in a country that relies on energy exports for 80 percent of its revenue.

S&P cut the sovereign rating one level to A+, the fifth-highest classification, as it said the biggest OPEC producer’s deficit will increase to 16 percent of gross domestic product this year. The nation’s credit outlook is negative as the decline in oil prices makes it difficult to reverse the fiscal deterioration, S&P said in a statement.

http://bloom.bg/1RDWsfH

Hedge funds raised bearish bets on U.S. natural gas to an all-time high just before prices capped their worst performance for the month of October since 2008 on the outlook for record stockpiles.

http://bloom.bg/1Mng1Vu

PETERiCHY:
[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

Excellent result.

Did I see from 2billion to 22billion profit for the year?
Fmn result is really excellent.

Let's go there.

Modifed- not all that glitter is gold.
Result not sustainable.

Most of the money came from sale of investment at 27 billion.
Abt 10b ofit from sale of fixed asset.
Which investment is that?

Increase in revenue stands at abt 17% yoy.

mercylicious:
Most of the money came from sale of investment at 27 billion.
Which investment is that?

MAYBE THIS

http://www.thisdaylive.com/articles/flour-mills-explains-benefit-of-unicem-divestment/194557/

Group Managing Director, Flour Mills Nigeria Plc, Mr. Paul Gbededo has assured shareholders of the company that the sale of its 30 per cent equity investment in United Cement Company of Nigeria to Nigeria Cement Holding will benefit the company and enhance shareholders’ value.

mercylicious:
Did I see from 2billion to 22billion profit for the year?
Fmn result is really excellent.

Let's go there.

I have Flour Mills and will double holdings next week, the improvement in performance is not from their operations but proceeds from the sale of FMN shares in UNICEM.

Youngzedd:
To you what's the value of Transcorp?

Well, am not an expert and I don't use fa ( fundermental analysis ) most of the times.
Just check up the book value of the coy. A formulae to calc bv have been posted on this thread many moons back. The lesser the price is from bV, the better. Some might be trading at 20%, 50% bv and are cheap, while othera trading above yhe bv are considered expensive.

Growth stocks and stock with proven track performance are most times, priced ahead of their book value, stocks with consistent roe of more than 25% or more.

The below is a personal method rough estimate of price of stock which I use.
I get the EPs for the year, divide by two, then multiply by ten. ( 10% yield).

If it is half year EPs that is available, I multiply by ten straight away.

FMN is making profits divesting from other business
Oando is recording losses acquiring other business.

Lessons:Efficiency is the reason behind profitable business.


The same reason why GTB is topping the financial services sector.

PETERiCHY:
[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

Ogas
peterRichy.
Manie
Angeloe
Angry bulls
Agba
Stockbull
Chibukings
Godisfaithul(myjoy)
Others i forgot to mention


please am not a financial analyst guru....

1.What are the meaning of PBT and EPS and how do they tell whether a company is doing well or not.
2. I do not understand Most financial statements of companies, what are the parameters to look out for to know a company is doing well or not?

Please I need a layman's understanding of most financial statements of companies.

Thanks.

mercylicious:
Most of the money came from sale of investment at 27 billion.
Abt 10b ofit from sale of fixed asset.
Which investment is that?

Increase in revenue stands at abt 17% yoy.

Flour Mills is expecting between N47 billion and N55 billion from the sale of UNICEM shares, i guess this is the proceed from the first tranche of the share sale.

ukay2:
Ogas
peterRichy.
Manie
Angeloe
Angry bulls
Agba
Stockbull
Chibukings
Godisfaithul(myjoy)
Others i forgot to mention


please am not a financial analyst guru....

1.What are the meaning of PBT and EPS and how do they tell whether a company is doing well or not.
2. I do not understand Most financial statements of companies, what are the parameters to look out for to know a company is doing well or not?

Please I need a layman's understanding of most financial statements of companies.

Thanks.

PBT profit before tax. EPS earning per share

ukay2:
Ogas
peterRichy.
Manie
Angeloe
Angry bulls
Agba
Stockbull
Chibukings
Godisfaithul(myjoy)
Others i forgot to mention


please am not a financial analyst guru....

1.What are the meaning of PBT and EPS and how do they tell whether a company is doing well or not.
2. I do not understand Most financial statements of companies, what are the parameters to look out for to know a company is doing well or not?

Please I need a layman's understanding of most financial statements of companies.

Thanks.

Open this links to grasp the basics
1)
Earnings per share (EPS) is the portion of a company’s profit that is allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.

http://www.investopedia.com/ask/answers/070114/what-formula-calculating-earnings-share-eps.asp
2)
The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings.


http://www.investopedia.com/terms/p/price-earningsratio.asp
3) book value: A financial measure that represents a per share assessment of the minimum value of a company's equity. More specifically, this value is determined by relating the original value of a firm's common stock adjusted for any outflow (dividends and stock buybacks) and inflow (retained earnings) modifiers to the amount of shares outstanding.

http://www.investopedia.com/terms/b/bvps.asp

Explore the above links and ge more detailed information including : PBT,PBT, retain earning etc.

mercylicious:
Well, am not an expert and I don't use fa ( fundermental analysis ) most of the times.
Just check up the book value of the coy. A formulae to calc bv have been posted on this thread many moons back. The lesser the price is from bV, the better. Some might be trading at 20%, 50% bv and are cheap, while othera trading above yhe bv are considered expensive.

Growth stocks and stock with proven track performance are most times, priced ahead of their book value, stocks with consistent roe of more than 25% or more.

The below is a personal method rough estimate of price of stock which I use.
I get the EPs for the year, divide by two, then multiply by ten. ( 10% yield).

If it is half great EPs that is available, I multiply by ten straight away.

Thanks.

manie:
Flour Mills is expecting between N47 billion and N55 billion from the sale of UNICEM shares, i guess this is the proceed from the first tranche of the share sale.

2nd tranche.

Mpeace:
Excellent result.

Yes, excellent result in terms of profitability. But the cash position is weak with a negative cash flow of 28.6billion. At this rate, Cash dividend may not be feasible; another bonus issue may be cooking. But it may also be that the sales proceeds from Unicem disposal is in receivables. That be the case, the cash position will turn positive in the fullness of time.

Hello BNSITL

Are there Android /iOS apps that can help in analysing equities and calculating stock values?

rebekah2011:
2nd tranche.

When did they get the first tranche, the 2nd tranche ought to be paid on or before March 2016.

manie:
Being a long term investors does not mean you invest and go to sleep, you need to keep on monitoring the fundamentals of of your company. I was an investor of Oando for about 20 years before selling all my holdings in 2013.

.................................................. ................................................

This is the dividend payment history of First bank from 2000 to date.

Year end Units Dividend Total dividend paid less WHT
Mar 2000 20000 N1.25 N22,500
Mar 2001 25000 N1.30 N29,250
Mar 2002 30000 N1.30 N35,100
Mar 2003 35000 N1.50 N47250
Mar 2004 39375 N1.55 N54,928
Mar 2005 49218 N1.60 N70,874
Mar 2006 51186 N1.00 N46,067
Mar 2007 102372 N1.00 N92,135
Mar 2008 149291 N1.20 N161,234
Mar 2009 174171 N1.35 N211,617
Dec 2009 174171 N0.10 N15,675
Dec 2010 195000 N0.60 N105,300
Dec 2011 195000 N0.80 N140,400
Dec 2012 195000 N1.00 N175,500
Dec 2013 195000 N1.10 N193,050
Dec 2014 195000 N0.10 N17,550


Total dividend earned between 2000 and 2003 is over 134k, which is already more than the 100k invested in 2000.


Total dividend earned from 2000 to date is N1,418,430, the investor could have used the dividends earned to increase his holdings, buy others shares, invest in treasury bills or real estate.

Great analysis Emmanuel. Fabulous job. Might I add that when we add the dividends received of N1,418,430.00 (from 2000 till date) to the current value of the shareholding which would now stand at 214,500 shares (due to the 1 for 10 bonus announced for the 2014 financial year), the value for the shareholder becomes N2,512,380.00 (214,500 shares at today's price of N5.10 per share equals N1,093,950.00) which is over 25 times the initial sum of N100,000.00 invested in year 2000.

If the shareholder had ploughed back all the dividends received into buying more FBNH shares over the years, the value gained and wealth accumulated by the shareholder would be significantly more/higher. So though the price of the FBNH stock has yoyo-ed over the years, the shareholder has really lost nothing of his investment put in originally.

CAVEAT: This relates to investments made over the years and should not be deemed as a recommendation (or otherwise) by anyone.