₦airaland Forum

A brief on UNION DIAGONISTICS & CLINICAL SERV (UNIONDAC) Q3 RESULT.

Folks should not be DECEIVED by the totally infinitesimal 0.06% drop in EPS at 9M over the same period of last year.
...their equity earnings line (EPS) actually printed an increase from 38k to 40k in Q3.
However, this alone does not interpret the basics and/or collective positives of the result.
The company recorded a drop in revenue yet managed to return more in earnings which occasioned the higher profit margin in the period btw July to Sept 2018 (Q3 alone), even with a near 80% gap up in their expense line (opex margin, CoS, admin exp)
Suffice to say that there are still positives in the coys ROAA, RE and RoIC in the last 3 months. ...which is KEY.
So turnaround and growth trajectory is still very much intact.
...I also like the coys EM.

That said, management will need to work on curbing down their cost line and apply more innovation with driving their sales line. (inventory position)
But in all, the company actually witnessed an above average performance !!

Assuming a zero % growth and using a TTM EPS of 5.12k (as at Q3 but which may well be surpassed by YE), at a risk free rate of 13%, Fair Value computes to approx 40k !!
...which presents a potential 48% price appreciation given the current market price of 27k.
Note that this is considering the coys 9M financial print alone and discounting for any and all possible risk.
...and so UNIONDAC remains a BUY from our end.

Will I sell the coy if I currently hold a stake in it? ...Not at all !! Because there's still some good measure of value to tap from.
Will I consider buying at the current market price? ...of course, yes !! But only if my investment horizon is of the mid term.

Disclosure: I hold some unit of UNIONDAC in my investment portfolio.
Disclaimer: NOT an investment advise. ...due diligence still applies.

http://www.nse.com.ng/Financial_NewsDocs/24341_ABC_TRANSPORT_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf


http://www.nse.com.ng/Financial_NewsDocs/24344_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/24341_ABC_TRANSPORT_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf


http://www.nse.com.ng/Financial_NewsDocs/24344_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Waste of Data

onegentleguy:
A brief on UNION DIAGONISTICS & CLINICAL SERV (UNIONDAC) Q3 RESULT.
Folks should not be DECEIVED by the totally infinitesimal 0.06% drop in EPS at 9M over the same period of last year.
...their equity earnings line (EPS) actually printed an increase from 38k to 40k in Q3.
But in all, the company actually witnessed an above average performance !!
Will I sell the coy if I currently hold a stake in it? ...Not at all !! Because there's still some good measure of value to tap from.
Will I consider buying at the current market price? ...of course, yes !! But only if my investment horizon is of the mid term. .

Good analysis. Mpeace, you don read am?
I know you are still targeting that your 25k junction.

Mcy56:
Good analysis. Mpeace, you don read am?
I know you are still targeting that your 25k junction.

Lol. I will get it at 25k tomorrow then we all go to the 40k junction.
I like the stock well.

Diamond Bank to Complete Sale of UK Subsidiary in Q4, Return to Profitability—CEO
https://www.businesspost.ng/2018/10/31/diamond-bank-to-complete-sale-of-uk-subsidiary-in-q4-return-to-profitability-ceo/

Mpeace:
Lol. I will get it at 25k tomorrow then we all go to the 40k junction.
I like the stock well.

Lol. That's your initial strategy now. You want it to come down so you can jump in ba.

Your fidelity is already descending the stair case o.

Mpeace:
Lol. I will get it at 25k tomorrow then we all go to the 40k junction.
I like the stock well.

I will buy mine at 20-22kobo

Mcy56:
Lol. That's your initial strategy now. You want it to come down so you can jump in ba.

Your fidelity is already descending the stair case o.

My fidelity and transcorp bleeding seriously. No money to buy more.
But thank God for Oando. Its clearing all losses at the moment.

Mpeace:
My fidelity and transcorp bleeding seriously. No money to buy more.
But thank God for Oando. It clearing all losses at the moment.

You dont want to reduce your exposure?

Is ETI a good buy @#15?

Is FCMB a good buy #1:50k?

cc. BBM. Fuxer and at all

Mcy56:
You dont want to reduce your exposure?

I am in good position so no need.
Bought fidelity at Average 1.62, Transcorp average 1.12 and Oando at 5. Am holding all till May 2019. I expect a miracle in oando. A very big miracle.

locodemy:
I will buy mine at 20-22kobo

I know say na u dey sell all that aiico at. 71k

where is that guy that needed fidelity at 2 yesterday.you can have it in abundance now but my advice is WAIT and get it at 20% discount from today's price.

Mpeace:
I know say na u dey sell all that aiico at. 71k

lol.

locodemy:
where is that guy that needed fidelity at 2 yesterday.you can have it in abundance now but my advice is WAIT and get it at 20% discount from today's price.

20% discount?...

I don't really think it would get to that.

Mpeace:
I am in good position so no need.
Bought fidelity at Average 1.62, Transcorp average 1.12 and Oando at 5. Am holding all till May 2019. I expect a miracle in oando. A very big miracle.

I may have to join your miracle group. For now sha what I can support with is prayers.

Mpeace:
I know say na u dey sell all that aiico at. 71k

lol.Aiico I am making an arrangement to charter at a lower price.I hold less than 100k units.

Why is no one talking about Elliot waves again?

Time to take a week off to allow this dark cloud on some stocks fade away.

Time to digest the comments of some monikers here and improve my result analysis and understanding skills.

megamart247:
Is ETI a good buy @#15?

Is FCMB a good buy #1:50k?

cc. BBM. Fuxer and at all

...technically:

FCMB: has good support at 1.47 & if that fails, then there is another good support at 1.30
ETI: has good support at 16 otherwise 14

A good buy? I don't know...I'm waiting for NSE index on monthly to find its bottom as any rally could be short-lived

swilo:
Why is no one talking about Elliot waves again?

Time to take a week off to allow this dark cloud on some stocks fade away.

Time to digest the comments of some monikers here and improve my result analysis and understanding skills.

Because of the method NSE is operating, we focus mainly on the rallying side, if we can short the market, you will see so many analysis here and there. In any case on a monthly outlook, we are witnessing wave 4 on Elliot wave. If it falls below 78%, then the rule is broken

locodemy:
where is that guy that needed fidelity at 2 yesterday.you can have it in abundance now but my advice is WAIT and get it at 20% discount from today's price.

Boss, I cannot time Mr. Market oh........ so immediately I sighted Fidelity @N2.00, I dived in Head First

Friends how market? Cash is king. Bonanza journey loading

Chibuking81:
Friends how market? Cash is king. Bonanza journey loading

Some of us have comfortably covered the loss we made earlier this year, while you are still waiting for Bonanza. I remember mentioning Transcorp and fidelity to you and you were saying wait till they go further down. I have gone on transcorp rides a couple of times now, and made some cool cash. Just cashed out of fidelity that I entered at 1.70, so all good. If bonanza comes it will be an opportunity to buy more if it doesn’t come will still go along with my strategy. All good....

Now I have also loaded FCMB at 1.50, will let you know when I cash out. And if it falls further then I will load more. The fundamentals are strong....

Momoney54:
Some of us have comfortably covered the loss we made earlier this year, while you are still waiting for Bonanza. I remember mentioning Transcorp and fidelity to you and you were saying wait till they go further down. I have gone on transcorp rides a couple of times now, and made some cool cash. Just cashed out of fidelity that I entered at 1.70, so all good. If bonanza comes it will be an opportunity to buy more if it doesn’t come will still go along with my strategy. All good....

Gbam!

Momoney54:
Now I have also loaded FCMB at 1.50, will let you know when I cash out. And if it falls further then I will load more. The fundamentals are strong....

I wish I had money for fcmb. Its looking too attractive. Imagine, yeye diamond at 1.40, with all their issues. I don't see fcmb making a loss in q3 moreso that they have a healthy NPL level. May the price remain at this point or even lower till money comes.

Momoney54:
Some of us have comfortably covered the loss we made earlier this year, while you are still waiting for Bonanza. I remember mentioning Transcorp and fidelity to you and you were saying wait till they go further down. I have gone on transcorp rides a couple of times now, and made some cool cash. Just cashed out of fidelity that I entered at 1.70, so all good. If bonanza comes it will be an opportunity to buy more if it doesn’t come will still go along with my strategy. All good....

Is alright, have you paid your tithe?
Bonanza presence always come by surprise, in which all the door will be shut down, one may likely pay more than he/she gain in jijo period, back to bonanza unannounced first visit.
Main while remember to pay your tithe

Yeild on 1yr treasury bills is now 14.4%, might increase more in months to come.....I sha know that dividend paying banks will match the price of their stock with this......Stock prices about to fall

Can Wema pay dividend this year, I am being tempted as if they declare dividend even if na 1k, price will be like #2 come april next year...

maishai:
Yeild on 1yr treasury bills is now 14.4%, might increase more in months to come.....I sha know that dividend paying banks will match the price of their stock with this......Stock prices about to fall

If u follow the trend, u discover it is normal for stock prices in NSE to fall or be stagnant by early - mid November. By late November, it would pick up again.