rebekah2011:
Someone mentioned here a few days ago how the CHAMS profit came about. Provisions no longer required and VAT write backs both totalled N711m. The implication is that without this the company would not have made a profit in the year under consideration.

Have gone through their result yourself, please do, check their other comprehensive earning, and total comprehensive earning. http://www.nse.com.ng/Financial_NewsDocs/25430_CHAMS_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf Check the originality of your claimed, and tell me whether they would have not make or making gained, also where will they get money to pay their dividend, if no gain is recorded.

Remembered we argued to learn.
Not an attack, but knowledge sharing.

Kashif:
Abeg which get link to Fidelity Bank '18 FY

The link is plenty here now, you could have just flip past some last few pages. See am:

http://www.nse.com.ng/Financial_NewsDocs/25470_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf

soloniger:
why you people de ignore ogas at the to?

Lol. You know I didnt even notice that, thought its one Seun11 that used to post here.
That kwesion na from oga on top to my ogassss on top here.
Oga Kolaish come and carry your kwesion from Oga Seun.

Agbalowomeri:
When Ikeja hotels starts gaining 10% Lol It is bearish season

Agba, abeg simplify in newbie terms.

The other comprehensive income figure of over 500m relates to revaluation surplus recorded on intangible assets. If you look closely under other comprehensive income, you will notice that the figure came under item that will not be reclassified to profit or loss. The meaning is that this cannot be taken to be under consideration when you are computing your EPS. Hence, it cannot be paid out as a dividend. This year is my 11th year in practice as a qualified accountant and tax practitioner. So I know a bit about audited accounts when I see them. But Investing in stocks is a different ball game. One Oga said here too, that you can make money in any stock. You only have to be smart to know the type of game you are playing. But the advice that I will always give to the newbies is for them to flow with tested and durable stocks like Zenith, Gtbank, UBA, Total etc. Chams, Union Diagnostic, and their likes are just there waiting for guys to swallow. I remember way back when Union Diagnostic did their private placement, I travelled all the way from Ijebu-Ode to Lagos to try and buy. Unfortunately, I could not locate where to buy their shares then. Look at Medview Airline, when did the company list? How come they declared billions in losses in their 2018 full year? Let me just go and earn my little minimum wage so that I can find money to buy my future stocks. Good morning Sir.

Chibuking81:


Have gone through their result yourself, please do, check their other comprehensive earning, and total comprehensive earning. http://www.nse.com.ng/Financial_NewsDocs/25430_CHAMS_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf Check the originality of your claimed, and tell me whether they would have not make or making gained, also where will they get money to pay their dividend, if no gain is recorded.

Remembered we argued to learn.
Not an attack, but knowledge sharing.

DOLLARTEX:
I don put one leg here sha,this volume is not ordinary,

Dollar man, I hope you're following that convo from Oga Rebekah and Chibuking?
If Chams profit is a one-off gain brought about by VAT writeback and provision for something again, I think one needs to tread with caution around them until the coast is clear.

Chibuking81:
You always find one reason to discourage people from buying, allow the companies to enjoy when they declare a good result, when they fail, they will also declare it themselves, by posting their result, and will equally receive punishment when they fail.

While no one knows it all in this market, I think warning people about what they want to put their money into is not bad at all.
He's been putting forward healthy debates based on figures and classified info which may be hidden somewhere in the reports but not known or seen by many.
Speaking on behalf of myself, I dont see him as discouraging anyone at all. Let's not discourage him as well....... afterall individuals are manager of their portfolios and have 100% right to click buy/sell button.

EKUU CHAMs TALK O

chams must rise now, if no rise how mkt will take adjust the 3k dividend

currentprice:
EKUU CHAMs TALK O

Lol. No be small thing. As Chibuking don put money there we no go rest again.
Edited.

rebekah2011:
The other comprehensive income figure of over 500m relates to revaluation surplus recorded on intangible assets. If you look closely under other comprehensive income, you will notice that the figure came under item that will not be reclassified to profit or loss. The meaning is that this cannot be taken to be under consideration when you are computing your EPS. Hence, it cannot be paid out as a dividend. This year is my 11th year in practice as a qualified accountant and tax practitioner. So I know a bit about audited accounts when I see them. But Investing in stocks is a different ball game. One Oga said here too, that you can make money in any stock. You only have to be smart to know the type of game you are playing. But the advice that I will always give to the newbies is for them to flow with tested and durable stocks like Zenith, Gtbank, UBA, Total etc. Chams, Union Diagnostic, and their likes are just there waiting for guys to swallow. I remember way back when Union Diagnostic did their private placement, I travelled all the way from Ijebu-Ode to Lagos to try and buy. Unfortunately, I could not locate where to buy their shares then. Look at Medview Airline, when did the company list? How come they declared billions in losses in their 2018 full year? Let me just go and earn my little minimum wage so that I can find money to buy my future stocks. Good morning Sir.

Ceteris paribus, I still believed that they make gain, to pay 3 kobo even if its not 7/8 kobo as presented. Anyway their 2019 q1 result will tell the truth, whether they are moving forward or still backward.

I still appreciate your effort.

Mcy56:

Lol. You know I didnt even notice that, thought its one Seun11 that used to post here.
That kwesion na from oga on top to my ogassss on top here.
Oga Kolaish come and carry your kwesion from Oga Seun.

Dont mind seun he is in stealth mode or cant you decode

he is a succesful tech guy and he suddenly becomes very interested when one of the top mismanaged public tech coy is being offloaded, dat sure tells u something is in d offing. yoruba wld say to ba ri agbalagba to n sare losan gangan. ti inkan ko ba n le dodan ni wipe o n le inkan. (if u see an elderly man running furiously in mid afternoon you can definitely be sure that if something is not pursuing him he is definitely pursuing something)

n.b please not a buy recommendation becos even if i am correct wld not touch d thing with a long pole cos i like my life slow and steady and not fast and furious

Mcy56:

Lol. No be small thing. As Chibuking don put money there we no go rest again.
CP what do you have to say about it as well?

Am not deep there yet, but with one leg waiting for their 2019 q1 result, which suppose to show on or before the end of this month, going by NSE rule.

currentprice:
chams must rise now, if no rise how mkt will take adjust the 3k dividend

If it rises to 25kobo,chibuking will be sitting at a comfortable gain if he sells.

If it rises to 25kobo and chibuking fails to sell because of dividend,he will gain the 3kobo and may not be able to bail out again until the Q1 result appear.

Who know if this company will be caverton, Transcorp of 2019..........

For me I stick to strong fundamentals

currentprice:
chams must rise now, if no rise how mkt will take adjust the 3k dividend

Hahaha lol

Mercy come answer this question

locodemy:


If it rises to 25kobo,chibuking will be sitting at a comfortable gain if he sells.

If it rises to 25kobo and chibuking fails to sell because of dividend,he will gain the 3kobo and may not be able to bail out again until the Q1 result appear.

Who know if this company will be caverton, Transcorp of 2019..........

For me I stick to strong fundamentals

Qualification date not yet disclosed, the date might be after q1 result, which will likely clear the doubt of those believing that the company has not bounced back to profit making.

Chibuking81:

Qualification date not yet disclosed, the date might be after q1 result.

Make sure you use wisdom to trade this stock.Some companies will declare dividend,the qualification and payment date becomes infinity or later cancel.It happens here at Nse.

Do you think this is good?
Rebekah is making sense in this case......

Chibuking81:
Hahaha lol
Mercy come answer this question

Lol. Na proverb CP dey talk here o.
If I understand him well, he said they must push the price to 23k or more "by fire by force" so as to be able to adjust the price for markdown.
That anyone wey no bail out before markdown might be in for a longggggggg ride with Chams......just like those wey don siddon inside the bus sinnccceeee.

Mcy56:

Lol. No be small thing. As Chibuking don put money there we no go rest again.
CP what do you have to say about it as well?

honestly all my oga have said it all negative retain earnings, VAT write back etc need to be considered before taken decision. 5b from share premium was trf to retain earnings thereby reduced from negative 7.6b to 1.9

fairprice look attractive sha based on abracadabra result. my opinion, chams will likely rise first like union diag toward their Q1 result before greedy pple get stuck back to the park

Mcy56:

Dollar man, I hope you're following that convo from Oga Rebekah and Chibuking?
If Chams profit is a one-off gain brought about by VAT writeback and provision for something again, I think one needs to tread with caution around them until the coast is clear.

you have a solid point there.however my marriage with charms will last for a short time.this volume swing we must see where it leads to!

Chibuking81:
Qualification date not yet disclosed, the date might be after q1 result, which will likely clear the doubt of those believing that the company has not bounced back to profit making.

Why not ask the question on what is delaying them from posting dividend info since they released the result?
Anyway, you may end up being the 'right' person eventually .......but caution is required.

currentprice:
EKUU CHAMs TALK O

This ur greeting dee awz crack me plenty

robobo:


Dont mind seun he is in stealth mode or cant you decode

he is a succesful tech guy and he suddenly becomes very interested when one of the top mismanaged public tech coy is being offloaded, dat sure tells u something is in d offing. yoruba wld say to ba ri agbalagba to n sare losan gangan. ti inkan ko ba n le dodan ni wipe o n le inkan. (if u see an elderly man running furiously in mid afternoon you can definitely be sure that if something is not pursuing him he is definitely pursuing something)

n.b please not a buy recommendation becos even if i am correct wld not touch d thing with a long pole cos i like my life slow and steady and not fast and furious

fast and furious?uguysheregokillmehereonedaywithlaff

ndidigood:
fast and furious?uguysheregokillmehereonedaywithlaff

My sis dey laugh small small ooo

oh......the yesterday 1kobo gain is erased this morning.

Back to value zone again.This shows weakness.

@chibuking,this stock is not good for you.If I were you,I will take this forum advice and sell off the stock now.

I talk am say there's a trend of "dumping good stocks" that's now ongoing in NSE, not a good trend honestly but how can only one now be singled out? Talking about carv....

currentprice:
honestly all my oga have said it all negative retain earnings, VAT write back etc need to be considered before taken decision. 5b from share premium was trf to retain earnings thereby reduced from negative 7.6b to 1.9
fairprice look attractive sha based on abracadabra result. my opinion, chams will likely rise first like union diag toward their Q1 result before greedy pple get stuck back to the park

Hhmmmmm, na final answer be this as far as I'm concerned. Dollartex, Chibu, you are OYO I wish you good luck.

Mcy56:


Hhmmmmm, na final answer be this as far as I'm concerned. Dollartex, Chibu, you are OYO I wish you good luck.

Reward of over optimistic.

passengers that will take it to the promise Land never boarded.How can the bus move without them.

DAILY STOCK MARKET GUIDE FOR 02 APRIL 2019

MSCI Nigeria continues with buying of 3 equities on 1st April, transaction low at a value of only USD50,000 compared to their normal value of activities. The market is still trying to find a bottom, expecting a bearish day.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.

Mcy56:
I talk am say there's a trend of "dumping good stocks" that's now ongoing in NSE, not a good trend honestly but how can only one now be singled out? Talking about carv....

when someone here was projecting N5 caverton yesterday i just dey laugh when i saw the projection! Investors sentiment over a stock must also be considered not just goodness of a stock and that is what is happening currently in caverton. Zenith is a perfect example at least the stock should be selling at 29-30 naira but investors sentiments is making the stock to be staggering all the time.

Mcy56:

My sis dey laugh small small ooo

mydear,l can't help it

locodemy:
oh......the yesterday 1kobo gain is erased this morning.

Back to value zone again.This shows weakness.

@chibuking,this stock is not good for you.If I were you,I will take this forum advice and sell off the stock now.

honest guy