dipoolowoo:
Fidelity Bank and Diamond Bank are two mid-lenders investors should look into. They have prospects of yielding cool returns in the near future.

Diamond should prove itself first by releasing its results!
Hope is a bad investment strategy!

My people when is the master gold digger releasing con oil result??

There are some coys one should not invest in. Conoil has serious issues when it comes to releasing results on time.

Nairaruky:
My people when is the master gold digger releasing con oil result??

onegentleguy:
On OANDO, if I have to put out my findings from both their YE 2017 and Q1 2018 report, some folks will be shocked !!
In truth, that coy is of a negative Fair Value. ...that is the bitter truth.
Some persons are excited, but they seem to be unaware that the acclaimed Q1 2018 result is even worse than the YE 2017 which they already know was bad.

Here are a few of the alarming highlights:

- The company has in excess of an over 170 Billion on short term facilities. ...the big worry here is that they utilized the proceeds in financing longer term projects. ...and so this will continue to pile up the already immense pressure on finance cost. A clear case of funding mismatch and management incompetence.
-Oando has an approx 200 Billion in negative Retained Earnings.
...now lets try and extrapolate that figure;
Going by a 19 Billion PAT from the group, assuming that run rate is maintained (...which I very much doubt given current metrics), then it would have to take a 200/19 time frame, which is about 10 years before this coy can ever pay dividend.
Except they try to neutralize this from their Share premium A/c. But then again the company is seriously cash striped. ...No wonder they had to dispose of an airline asset taking a nearly 40% haircut.
-The company is seriously struggling to meet up with its obligations to the banks. ...currently, there is an over 120 Billion loan that were restructured with a moratorium on interest. ...and ur guess is as good as mine on what will happen when those interest are capitalized.
-from their YE report, the coy practically has zero revenue, while Admin expense, Opex and Finance cost continues to jump astronomically.
-The downstream arm of business, which would've aided revenue is virtually sold as Oando owns just a minot 5% with Vitol now running the show. ...even the upstream segment is been planned for a sale in other to upset their huge debt burden.
The sale of their downstream business segment and venturing into a very complicated upstream segment, are to me 2 of their greatest undoing.

The clear truth is that there will continue to be a huge strain on Cash Flow plus a very shaky efficiency. ...add that to the far less than sound management in the coy, and it becomes 'a what u see is what u get scenario'.
No wonder the auditors at Ernest & Young have consistently been issuing a caveat on doubts surrounding Oando as a growing concern for 3 years now.
But folks will likely pay lip service to that.

Money could be made, but more money will likely be lost.
The key lies in be been extremely VIGILANTE !!
...because the downside risk can well surmount any financial gain.
If u must be a part of the Oando movie, then speculate and trade but do not key in with the mindset of an investor.
...so u don't get caught up in the web.
May that not be our lot !!

NOTE: This is not to be interpreted as any sort of recommendation. ...DD still advised as always pls.

...my 2 cents.

Your analysis is good,just to buttress ot,OANDO sold its best area of competency (downstream) and ventures into an area of incompetency(upstream)
The upstream will surely swim away all the capital and assets of Oando
Bad biznez decision
Poor forcast
Poor projection
Greediness and wale tinubu =oando magic

mendes911:


Less than 20% pay out of their year end EPS?

Cant recall the allowed percentage again of year end eps..but I think it shouldn't be more than 30percent or so if your bad loans are at a level..someone help my memory..

Is this now a requirement? I saw that UPDC did this also. I think NSE should allow us to see the unaudited Q4 of coys quoted on the NSE. From that we can deduce the board that declare bogus quartely results to deceive their shareholders

mendes911:

UPL:

http://www.nse.com.ng/Financial_NewsDocs/22089_UNIVERSITY_PRESS_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

rebekah2011:
Is this now a requirement? I saw that UPDC did this also. I think NSE should allow us to see the unaudited Q4 of coys quoted on the NSE. From that we can deduce the board that declare bogus quartely results to deceive their shareholders

With YE of March 2018, the audited report is expected to be released not later than 30th June 2018. So there is still time before UPL result is released.

But they have an unaudited Q4 in the public now.

wanaj0:


With YE of March 2018, the audited report is expected to be released not later than 30th June 2018. So there is still time before UPL result is released.

rebekah2011:
But they have an unaudited Q4 in the public now.

If the year end result is different from this Q4 result released today,it means the year end eps will be over 50kobo.I need someone to summarize this for us to understand.

Oga Loco, the full year EPS cannot be more than 38kobo oooooo

locodemy:


If the year end result is different from this Q4 result released today,it means the year end eps will be over 50kobo.I need someone to summarize this for us to understand.

rebekah2011:
Oga Loco, the full year EPS cannot be more than 38kobo oooooo

There is no clarifications here.Pls explain vehemently.

2018 Q1 best result going by their EPS and PE
1. Julius Berger
2. Zenith Bank
3. Dangote sugar
Fair
1. Eternal
2. Fidelity
etc

Chibuking81:
2018 Q1 best result going by their EPS and PE
1. Julius Berger
2. Zenith Bank
3. Dangote sugar
Fair
1. Eternal
2. Fidelity
etc

Have u seen mobil?21,000% increase in PAT https://nairametrics.com/11-plc-q1-2018/

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/22146_SOVEREIGN_TRUST_INSURANCE_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/22149_CAPITAL_OIL_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/22151_BERGER_PAINTS_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/22163_SOVEREIGN_TRUST_INSURANCE_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/22164_THE_INITIATES_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

You must be a leizy yoot.....

Thx for prompt updates!

Teeonly:
http://www.nse.com.ng.pdf

Thanks for the efforts. Highly appreciated!
Looks more of handiwork of intendy, moniker of teeonly.

Mcy56:

Thanks for the efforts. Highly appreciated!
Looks more of handiwork of intendy, moniker of teeonly.

Intendified updates....
One day we will be fortunate to start having updates here before NSE...

IchimokuPilot:
Intendified updates....
One day we will be fortunate to start having updates here before NSE...

Na so! Really up and doing!
More grease to the elbows of our amiable members saddled with the responsibilities of providing us with up to date infos, including our yet to be ordained Nsempa Poet.

onegentleguy:


Gbam !!
...Its even a good strategic move to retain cash. From what I've seen so far looking at their results, this would help put them in slightly better stead going forward.
Fidelity is still grossly undervalued.
Going by this YE 2017, and Q1 2018 results, my spread analysis booklet shows that the coy still screams of a BUY.
However, and as has often been the case, Mr Market might react negatively to the drop in dividend pay out.
...but I think that would be very short lived.

My Fair Price loading...

Oga...my fair price is N5.0.......FIDELITY is the BEST Tier 2 banks in the results so far released

mendes911:

UPL:

http://www.nse.com.ng/Financial_NewsDocs/22089_UNIVERSITY_PRESS_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/20777_UNIVERSITY_PRESS_PLC._FINANCIAL_STATEMENTS_JANUARY_2018.pdf

Above is the Q3 result with Revenue of N1.7bn, PAT of N217.5m and EPS of 50.43kobo

Full year result (unaudited) is Revenue N1.8bn, PAT of N163.m and EPS of 37.99kobo

Effect of seasonality of operations is evident! so IF full year EPS is 37.99 kobo, what is the expected price now?

Still a massive improvement on full year 2017 result when the EPS was 27.45kobo.

Onegentleguy... and his beautiful analysis. So good to read.

#OANDOMAGIC

No diamond bank result yet? Experts in the house, what is the consequences of that?

Thinkbigga:
No diamond bank result yet? Experts in the house, what is the consequences of that?

Results with Mpeace

Jeez2 sighted

Stocks - The case for long term investing
by Ankita
April 25 (Lagos) - A majority of millennials are scared to invest in the stock market today, either it is the fear of a bad investment, or the money to invest is an obstacle, whereas for some it is just not knowing whom to trust to help them invest. Moreover the devaluation and recession did not make it easier.
Stocks really aren’t as unsafe or scary as one might think. When analyzing graphs, it’s true that if you focus on the short-term “noise”, you will get lost in a dizzying sea of madness. Prices go up, prices go down. The trick is to simply ignore the day-to-day fluctuations. When we step back and look at the full picture, we will see that the stock market performs extremely well over long periods of time.
In contrast to gold, when you buy a share of stock, you are actually buying ownership into a living, breathing corporation. Over time, these companies will release more products, gain more customers, increase earnings, acquire other companies, etc, and grow.
As an invested shareholder, you no doubt are entitled to all the perks and benefits of this success. Many companies are also willing to share the profits with you, and reward shareholders in the form of dividend payouts. This is the critical component really needed to supercharge returns.
So, not only does the share price increase in value, but the dividends earned can also be reinvested each quarter, or year, to buy more shares. By employing this strategy, a shareholder will quickly accumulate a large number of shares over the years.
The story of Anne Scheiber is a popular tale of a woman who worked at the IRS until retirement, invested $5000 into stocks in 1944, and upon her death at the age of 101 saw her assets balloon to upwards of $22 million.
How’s that for a return on investment?
Since the stock market is a vote of confidence, a crash can devastate economic growth. Lower stock prices mean less wealth for businesses, pension funds and individual investors. Companies can't get as much funding for expansion.
When retirement fund values fall, it reduces consumer spending. If stock prices stay depressed long enough, new businesses can't get funds to grow. Companies that had invested their cash in stocks won't have enough to pay employees, or fund pension plans.
Older workers will find they don't have enough money to retire.
But investing in the stock market is the best way to beat inflation over time. It makes sense to own more stocks, but if market drops still make you nervous, remember this: It may be painful for a time, but if the stock market behaves as it has over long periods, you should be able to ride it out. This is why stocks should be owned for the long term.
It has taken many years, even multiple decades, to recover from the worst historical declines in the stock market. But, overall, stocks still offer the most growth potential, by far—as long as you can stay the course over the long term.
Thinking of it this way may help, too: Losses are just on paper unless you sell your investments. If you are tempted to sell investments when they are down, remind yourself that you are investing for a time far in the future.
So why lock in losses when you have time to ride the market back up? Also, if you save regularly and continue to invest during down markets (and the market demonstrates the kind of long-term growth that it has historically), you will be adding to your savings during those market dips, or "buying low." When the market recovers, you may be even better positioned for growth.
Also, there are ways to mitigate the risk - through diversification.Investors should look at investing offers that provide a diversified portfolio with a balance based on their overall investing goals. In general, a portfolio that contains a variety of ETFs, bonds and cash is a great place to start with.
Stocks also affect the country's economy in three critical ways. Firstly, they allow individual investors to own part of a successful company. Without stocks, only large private equity investors could profit from Nigeria’s free market economy.
Secondly, stocks provide the capital for companies to grow large enough to gain competitive advantage through economies of scale. Owners use personal credit cards, bank loans and eventually even float their own bonds . But that only takes a company so far. To sell stocks, they take the company public through an Initial Public Offering This raises a lot of cash and signals that a company is successful enough to afford the IPO process. The only drawback is that the founders no longer own the company. The stockholders do. But they can retain a controlling interest in the company if they own at least 51 percent of the shares.
Thirdly, stocks give an assessment of how valuable investors think the company is. When stock prices rise, it means investors think earnings will improve. Falling stock prices mean investors have lost confidence in the company's ability to increase its profit margins.
No matter your age—and how far away retirement is—you want to enjoy your retirement years and do the things you want without having to worry about money. To help you achieve that, the historical odds favor a diversified mix of investments with a significant exposure to stocks. So, beware of investing too conservatively.
Get used to riding the ups and downs of the market. For those investing for the long term and saving regularly, a downturn can even help boost savings—because the same amount of money can buy more shares of a stock, stock mutual fund, or ETF at lower prices.To begin with, do you homework, and then go slow.
Start with a savings account that will give you a competitive rate of return and pay yourself first by putting whatever you can, even if it's just a small amount, from each paycheck into that savings account. History has proven time and again that the key to achieving financial security is to start saving and investing early. What people need most is to face the 'Someday Scaries' head on and get started, taking one small step at a time.
reporting for easykobo.com on Wednesday, April 25 2018 from Lagos, Nigeria

Source - written by ANKITA

Good morning wonderful people. I am trying to collect some of my outstanding dividend from the registrars. I filled and submited my e-mandate at my bank which as been processed but united securities to be specific responded that they can't process my outstanding until I complete a purchase transfer form as I bought through the secondary market and they don't have a specimen of my signature.
Please how does this work? Note that I have been paid my outstanding by first registrars and Africa Prudential without asking for this.

Agbalowomeri:


Results with Mpeace

Diamond bank result is not too good for public consumption. We have decided to toe the skye line.

mendes911:


Naahhh. Milost is done and dusted. Maybe next investor might be Dangote. Ask Sam Loco the investor he "sighted" when he bought into this coy.

Dangote has oil wells..what would he want with a bad "oil servicing" company when he can buy new vessels "if" he needs them?

RealityShot:
Dangote has oil wells..what would he want with a bad "oil servicing" company when he can buy new vessels "if" he needs them?

Sir, you should be able to "sight" a humour!