Flight Caverton don finally full.

Destination N4.00 here we come

For purchase of >500k but <1m units at off market price, pm me.

kolaish:
It will take sometime for the dusk to settle on CHAMS. There are some entity dumping massively despite the result.

It mightbe uninformed investors who have been caged for long time, and have been on their stockbroker neck to sell when ever there is an opportunity to bail out, who will later regret when they find out. And by now they have not heard of their wonderful performance, but as long as this their result stand, with 8 kobo EPs and 3 kobo dividend, they are the best so far.
For instance.
1. Zenith at #22 with dividend of #2.50, and 100 unit of Chams at 20 kobo = #20 naira, 3 kobo dividend x 1000 = #3
2. Zenith EPs of #6.15, while Chams 8 kobo x 100 = #8

For me as caverton bus is filled up, Chams bus suppose to be the next available bus.

It is not so difficult to see that FCMB did better than Fidelity in 2018 but people benchmarking FCMB against Fidelity probably because they share close spot on the exchange.

FCMB time will come if they continue to perform.

Chibuking81:

It mightbe uninformed investors who have been caged for long time, and have been on their stockbroker neck to sell when ever there is an opportunity bail out, who will later regret when they find out. And by now they have not heard of their wonderful performance, but as long as this their result stand, with 8 kobo EPs and 3 kobo dividend, they are the best so far.
For instance.
1. Zenith at #22 with dividend of #2.50, and 100 unit of Chams at 20 kobo = #20 naira, 3 kobo dividend x 1000 = #3
2. Zenith EPs of #6.15, while Chams 8 kobo x 100 = #8

What's the payment date for Chams?

austinkenneth:


What's the payment date for Chams?

Not yet posted, but might be out today.

Chibuking81:

It mightbe uninformed investors who have been caged for long time, and have been on their stockbroker neck to sell when ever there is an opportunity to bail out, who will later regret when they find out. And by now they have not heard of their wonderful performance, but as long as this their result stand, with 8 kobo EPs and 3 kobo dividend, they are the best so far.
For instance.
1. Zenith at #22 with dividend of #2.50, and 100 unit of Chams at 20 kobo = #20 naira, 3 kobo dividend x 1000 = #3
2. Zenith EPs of #6.15, while Chams 8 kobo x 100 = #8

For me as caverton bus is filled up, Chams bus suppose to be the next available bus.

Good points no doubt, but a member here drew attention to their negative Retained Earnings which is about N1.9b. Could it be the likely reason why investors are cautious?

OBAGADAFFI:


I call my broker about this of Friday.

He gave me the CHN - C........OS and the Shareholders AC Number.

Note- I noticed the Shareholders account number is the CSCS NUMBER.

Pls check your Morgan Account details after you log in

You will see your CHN number - Clearing House No on that page.

Ur CSCS account number is there too

kolaish:
Good points no doubt, but a member here drew attention to their negative Retained Earnings which is about N1.9b. Could it be the likely reason why investors are cautious?

If it has to do with that the regulatory commission will not approved their 3 kobo dividend. The company has bounce back to profit, for them to record high percentage of earning in their q3, and final against the previous years, it means that they back to business now than before.
Anyway, time will tell.

kolaish:
Good points no doubt, but a member here drew attention to their negative Retained Earnings which is about N1.9b. Could it be the likely reason why investors are cautious?

Be careful with CHAMS. ...so u don't get trapped 'in the closet'
He just might have a similar price behaviour like that of JAPAUL.

Just an advise. ...NOT a recommendation.

onegentleguy:


Be careful with CHAMS. ...so u don't get trapped 'in the closet'
He just might have a similar price behaviour like that of JAPAUL.

Just an advise. ...NOT a recommendation.

Japaul was with forward looking statement, anticipating of money injection with no action and no dividend payment, but Chams came with high surprise and action (3 kobo dividend) time will tell.

All banks in Nigeria have released their result except First Bank. It is difficult to have faith in First Bank.

Chibuking81:


People seen not yet understand that Chams PLC result seems to be the best result so far, stock of 20 kobo with 8 kobo EPS and 3 kobo dividend, for now based on their price, they have better result than Zenith and Caverton, or is there anything am not understanding in their result?

You left out the Other Comprehensive Income of N571m to give a Total Comprehensive Income of N951m.

My problem though is that the profits due to one off items that might not repeat itself in future namely

1)The write back of excess VAT paid in previous years N560m (page 34 of the financials)
2) The revaluation of intanglible Asset N571m which was responsible for the Other Comprehensive Earning

Chams still has a negative retained earnings of N1.9bn so I wonder how they were able to declare 3k dividend for the year.

The company has been in the woods for a couple of years and their latest results does not convince me that they are out of the woods yet

NoMoney:


You left out the Other Comprehensive Income of N571m to give a Total Comprehensive Income of N951m.

My problem though is that the profits due to one off items that might not repeat itself in future namely

1)The write back of excess VAT paid in previous years N560m (page 34 of the financials)
2) The revaluation of intanglible Asset N571m which was responsible for the Other Comprehensive Earning

Chams still has a negative retained earnings of N1.9bn so I wonder how they were able to declare 3k dividend for the year.

The company has been in the woods for a couple of years and their latest results does not convince me that they are out of the woods yet

U are indeed a sharp fellow !!
Anyone who pays a cursory and in-depth attention to detail would see that their 2018 financial print leaves much to be desired.
I have since given my verdict on the coy.
A word they say, is enough for the ...

Regards.

wat is happening to FBNH AND DANGSUGAR ? dey r trying to pump dangsugar now.

Chibuking81:

It mightbe uninformed investors who have been caged for long time, and have been on their stockbroker neck to sell when ever there is an opportunity to bail out, who will later regret when they find out. And by now they have not heard of their wonderful performance, but as long as this their result stand, with 8 kobo EPs and 3 kobo dividend, they are the best so far.
For instance.
1. Zenith at #22 with dividend of #2.50, and 100 unit of Chams at 20 kobo = #20 naira, 3 kobo dividend x 1000 = #3
2. Zenith EPs of #6.15, while Chams 8 kobo x 100 = #8

For me as caverton bus is filled up, Chams bus suppose to be the next available bus.

This is definitely your first time of buying chams.
Those that have been trapped in the company (charms)for more than 10 years will not be impressed or excited.
Nothing bad in living in a dream land.

Some time people have difference view, I remember the days of Dangote flour, when they returned back to business, exactly what is happening now happened then, people pointed out many points against them moving forward, Dangoteflour still move foreword until last year final which they drop back , I remember many later jump into Dangote flour stock, also when Jberger returned back to profit, the same.

From look of things, Chams has returned back to profit making, and will likely maintain it for some time. All companies strategy is how to improve and move forward and Chams has started.
Time will tell

fidelity pls if you are falling just fall to the other side don't near fcmb.fidelity1.86! *Corporate Actions*
Fidelity Bank Plc will hold a conference call today following the release of its FY 2018 results. Here are the call details.

 Time: 15:00 Lagos/ 10:00 New York

Dial in: +234 (0)18889001 (Nigeria); 0800 982 759 (South Africa); +44 (0)20 7043 4129/ 0844 873 8149 (UK); +1 213 325 3283 (US)

Conference Call ID: 796 298#

FCMB Group will hold a conference call tomorrow following the release of its FY 2018 results last week, Here are the call details.

Date: Tuesday, April 02, 2019

Time: 15:00 Lagos/ 10:00 New York

Dial in: +234 1 227 8750 (Nigeria); +27 10 500 7996 (South Africa); +44 (0) 844 571 8892 (UK); +1 631 510 7495 (US)

Access code: 6049807

Check out the Nairametrics Apps store today

http://app.nairametrics.com/

Chibuking81:
Some time people have difference view, I remember the days of Dangote flour, when they returned back to business, exactly what is happening now happened then, people pointed out many points against them moving forward, Dangoteflour still move foreword until last year final which they drop back , I remember many later jump into Dangote flour stock, also when Jberger returned back to profit, the same.

From look of things, Chams has returned back to profit making, and will likely maintain it for some time. All companies strategy is how to improve and move forward and Chams has started. This will be my final post on Chams today.
Time will tell

can you buy it ?

People doubted it that FCMB will sell ahead of Fidelity today, but now
FCMB 1.90
FIDELITY 1.86

tritritri:
wat is happening to FBNH AND DANGSUGAR ? dey r trying to pump dangsugar now.

Only God knws wat going on in the mind of WEMA investors...dey probably asking demself where did we get it wrong ?

tritritri:



Only God knws wat going on in the mind of WEMA investors...dey probably asking demself where did we get it wrong ?

uguysnogokiimeherwithlafff

Monitor These Five Stocks This Week
https://businesspost.ng/2019/04/01/monitor-these-five-stocks-this-week/

FY 2018: Unity Bank Returns to Profitability, Nets N1.3bn Profit
https://businesspost.ng/2019/04/01/fy-2018-unity-bank-returns-to-profitability-nets-n1-3bn-profit/

Fidelity Bank Slices NPL Ratio to 5.7%
https://businesspost.ng/2019/04/01/fidelity-bank-slices-npl-ratio-to-5-7/

Hello Folks, Did Sterling Bank declare any dividend?

How can CHAMS ever entice anyone to buy it? I hope people will not come back and start lamenting ooooo. The stock is going nowhere. It can be pumped and pumped. Newbies here should not be caught unawares. The pathway is filled with a lot of landmines.

This Oga Chibuking81 sabi market sha. Chams of all stocks. When the company was in real business, the managers' chop and clean mouth. The stock is a NO unless you are a director in the company.

Chibuking81:


People seen not yet understand that Chams PLC result seems to be the best result so far, stock of 20 kobo with 8 kobo EPS and 3 kobo dividend, for now based on their price, they have better result than Zenith and Caverton, or is there anything am not understanding in their result?

onegentleguy:
For those who missed the CAVERTON train, there is a great OPPORTUNITY that's also waiting to be taped.
Join the AIICO general lane. ...and until 'the appointed time', just 'take ur necessary but required drug of PATIENCE'.
Elsewhere are the few other coys I've mentioned here in the past.
CAVERTON, FCMB, FIDELITY, UBA, ZENITH, TRANSCORP, MAY & BAKER and LEANAFRICA readily comes to mind.
U shall live to thank me later !!

Again, this shouldn't be depended upon as an outright recommendation. ...due diligence still applies.

It is well.

You forgot to add Wemabank and Uniondac

https://www.proshareng.com/news/STOCK%20PICKS/Afrinvest-Stock-Recommendation-For-The-Week-010419/44660

I beg to disagree on accumulate position on Dangote flour, or did they recommend before releasing of their result?

STNWAUME:


You forgot to add Wemabank and Uniondac

Lol!

rebekah2011:
How can CHAMS ever entice anyone to buy it? I hope people will not come back and start lamenting ooooo. The stock is going nowhere. It can be pumped and pumped. Newbies here should not be caught unawares. The pathway is filled with a lot of landmines.

Ever since dey pump aiico to 0.90k years ago till now e never near d price..over carefulness dey worry me.

Sebi wema declared profit. Why is their share price still going down

samzepaparazi:
Sebi wema declared profit. Why is their share price still going down

Plus dividend sef....

samzepaparazi:
Sebi wema declared profit. Why is their share price still going down

Ask Oga long epistle