Lion123:


The CBN is delaying granting approval. Emefiele is just a useless guy all round.

This your anger towards Emefiele.....nawaoooo

Wetin de guy do you nah?

@Sir OGG, I am an ardent follower of your post and kindly don't look at the critics. Keep giving us an eye opener on making profitable investment in the stock market. I have paid school fees in the past, reason why I always look forward to your post. One more favour I will like to ask for his kind help do a glossary of terms to understand this your abbreviations and you can also teach some of us how to do this valuation. No dey give us fish, we sef wan learn how to fish.

onegentleguy:


An assets growth indicators(NPM, OCF margin, EBITDA margin, PEG, ROE, EM, RoIC, AER, CGPR etc) does not tell the whole story bro !!
WAPCO @ the current mkt price is even better off than the 2 other coys u mentioned in many of those indicators. ...particularly BUA.

That coy is a giveaway at the present mkt peg !!
Sincerely, ur FVE of N18 is to say the least quite conservative.

Btw, on why their H1 report came better than expected, i'll suggest u do an in-depth review of the coys statement of CF and observe how the Nos reflected in their BS.
...in between, the NTS will do u some good.

Again, WAPCO is a strong BUY.
...HOLD !!

Regards

ukay2:


We are good Madam.

Waiting for UGAZ Q2 reports

Please add the "F" na Oga. You don't want your boys to chop

Team WAPCO average down, .. Present sir!

onegentleguy:


An assets growth indicators(NPM, OCF margin, EBITDA margin, PEG, ROE, EM, RoIC, AER, CGPR etc) does not tell the whole story bro !!
WAPCO @ the current mkt price is even better off than the 2 other coys u mentioned in many of those indicators. ...particularly BUA.

That coy is a giveaway at the present mkt peg !!
Sincerely, ur FVE of N18 is to say the least quite conservative.

Btw, on why their H1 report came better than expected, i'll suggest u do an in-depth review of the coys statement of CF and observe how the Nos reflected in their BS.
...in between, the NTS will do u some good.

Again, WAPCO is a strong BUY.
...HOLD !!

Regards

I posted wapco as a stock that will surprise the mkt b4 any member here and i still stand on it. just trying to reason why wapco selling at currentprice with the superb result compare to others in the same sector.

if u compute earnings growth rate of those company may be you will understand where am coming from. cash flows is very important for me while analyzing a stock, wapco had fantastic H1 cashflow so as BUa and DC.

BUA is currently selling at premium based on earnings valuation but at discount base on cash valuation. cash i call oxygen is one of the reason bua price refused to fall

wapco is currently selling at a discount based on earnings and cash valuations for the first time after years of hardship

i say it again wapco is a good stock to buy for me before bua and dc

Justcul:


Please add the "F" na Oga. You don't want your boys to chop

Team WAPCO average down, .. Present sir!

There's need to be cautiously optimistic with FBNH.
Though the coy is a BUY @ the current mkt price, but there are still a few clear worries.
...which could potentially disrupt the thing about its current growth trajectory going into H2, 2020.

I'll advise folks to assign more of their portfolio in fellow P2P coys, ACCESS and UBA ahead of FBNH.
A 40, 40, 20 or 45, 35 20 percentage weighting in ACEESS, UBA before FBNH, in that order won't be bad idea.

Selah

Justcul:


Please add the "F" na Oga. You don't want your boys to chop

Team WAPCO average down, .. Present sir!

F has presented Q2 na....First Bank

onegentleguy:


It's important to be cautiously optimistic with FBNH.
Though the coy is a BUY @ the current mkt price, but there are still a few clear worries.
...which could potentially disrupt the thing about the current growth trajectory going into H2, 2020.

I'll advise folks to assign more of their portfolio in fellow P2P coys, ACCESS and UBA ahead of FBNH.
A 40, 40, 20 or 45, 35 20 percentage weighting in ACEESS, UBA before FBNH, in that order won't be bad idea.

Selah

Thanks OGG. He that is down fears no fall..

onegentleguy:


It's important to be cautiously optimistic with FBNH.
Though the coy is a BUY @ the current mkt price, but there are still a few clear worries.
...which could potentially disrupt the thing about the current growth trajectory going into H2, 2020.

I'll advise folks to assign more of their portfolio in fellow P2P coys, ACCESS and UBA ahead of FBNH.
A 40, 40, 20 or 45, 35 20 percentage weighting in ACEESS, UBA before FBNH, in that order won't be bad idea.

Selah

I prefer UBA to Access until ACCESS has finished swallowing other smaller banks in Africa.

currentprice:


I posted wapco as a stock that will surprise the mkt b4 any member here and i still stand on it. just trying to reason why wapco selling at currentprice with the superb result compare to others in the same sector.

if u compute earnings growth rate of those company may be you will understand where am coming from. cash flows is very important for me while analyzing a stock, wapco had fantastic H1 cashflow so as BUa and DC.

BUA is currently selling at premium based on earnings valuation but at discount base on cash valuation. cash i call oxygen is one of the reason bua price refused to fall

wapco is currently selling at a discount based on earnings and cash valuations for the first time after years of hardship

i say it again wapco is a good stock to buy for me before bua and dc

Thank you Sir Currentprice.

At the right time, Mr Market will visit us at Wapco Basement

Wema Bank’s profit after tax (PAT) declined by 33.53 per cent to N1.49 billion in the first six months of the year, compared to N2.25 billion it made in H1’19. Its profit before tax (PBT) also fell 33.75 per cent to N1.73 billion in H1 2020.

https://businesslive.ng/2020/08/25/wema-bank-half-year-performance-worries-shareholders-as-profit-drops-by-34-percent/

WEMA showing investors weeen from time immemorial

Fair value is 10kobo

BARGAIN HUNTERS TAKE NOTE!

Justcul:


Thanks OGG. He that is down fears no fall..

... but could be trampled on.

bigjay01:


... but could be trampled on.

Hahahaha lolz due diligence has been done sir

Mcy56:

No vex.

No qualms, my sister in the lord.

Justcul:


Hahahaha lolz due diligence has been done sir

What did you see in the Due Diligence Sir?

bigjay01:


... but could be trampled on.

This one oga Bigjay show today....what are we expecting from Market Sir?

currentprice:


I posted wapco as a stock that will surprise the mkt b4 any member here and i still stand on it. just trying to reason why wapco selling at currentprice with the superb result compare to others in the same sector.

if u compute earnings growth rate of those company may be you will understand where am coming from. cash flows is very important for me while analyzing a stock, wapco had fantastic H1 cashflow so as BUa and DC.

BUA is currently selling at premium based on earnings valuation but at discount base on cash valuation. cash i call oxygen is one of the reason bua price refused to fall

wapco is currently selling at a discount based on earnings and cash valuations for the first time after years of hardship

i say it again wapco is a good stock to buy for me before bua and dc

...I get ur point dear.
I agree that CASH and its near term equivalents is indeed very important.

On that line, there are 4 KEY factors that determine how a coys CASH flows and transcends to EARNINGS.
1) Cash utilization
2) cost optimization(both from the earnings and expense line)
3) Company' level of innovation and effectiveness
4) Management efficiency

These 4 factors are very important. In all 4 lines, I dare say say that WAPCO did very well.
On the 1st 2 lines, the coy made the best use of cash(CGPR in view) and tinkered their COST LINE in a way that would delineate it from the supply disruption with the covid-shock at the time.
For emphasis, If there are supply disruptions and u truly desire to make the best of the cash at ur disposal to generate positive net margins, then u should know that u ought not to spend the same(previous) amount of money running cost. There's need to spend much less, management may have thought !!
What line would require pruning down? Obviously COGS, particularly production cost, since revenue was bound to contract with the corona-induced environment.
...and so they cut down on all lines including electrical energy expense, by-product expense, personnel expense, admin expense, OPEX/overhead etc
These reductions, including that from the grossly lowered Finance cost(following recent debt restructuring) ensured a very robust BS.

On the 3rd line, the coy was innovative with paying down a huge chunk of their higher interest bearing lines to avoid future cash strain from a possible funding mismatch... and also quickly utilized additional free cash to pay down on other debit line.(i.e the tax credit accessed in 2019 was settled) ...but for that, NPM(net profit matgin) would've printed far higher.
Part of the matter of innovation and effectiveness is also why wapco has a great buffer against Fx-related strain to ensure that NWC remains healthy. I mentioned here that that buffer currently stands at no less than 21%.
This is one of the key difference btw WAPCO and a coy like FLOURMILLS. FLOURMILLs had a wonderful YE scorecard but Q1report exposed their currency weakness(Fx-related loss in view)

And the last line sums up why WAPCO is grossly underpriced.
There are lots to say but let just stop at this.

There are far more good things to say than bad in that coy bro !!
I extrapolate the figures in their statement of CF and the the coys very robust BS, and all I can see is VALUE !!

It is well.

ukay2:


What did you see in the Due Diligence Sir?

That FBNH has recapitalized with their 25 billion naira proceeds from FBN insurance's sale, that i had a buy average of 4 (average up from 3.7) sir. I am also long with the CEO Mr. Uk. just to add, this elephant is too big to be trampled upon...

onegentleguy:


...I get ur point dear.
I agree that CASH FLOW and its near term equivalents is indeed very important.

On this, note that there are4 KEY factors that determine how a coys CASH flows and transcends to EARNINGS.
1) Cash utilization
2) cost optimization(both from the earnings and expense line)
3) Company' level of innovation and effectiveness
4) Management efficiency

From little information I have about WAPCO Management inefficiency is the major problem.

But they are improving.

Dangote really hit WAPCO hard.

OBAGADAFFI:


From little information I have about WAPCO Management inefficiency is the major problem.

But they are improving.

Dangote really hit WAPCO hard.

Good u can admit that they are improving.
I was at the forefront of those who criticized the management of the coy for their inefficiency in times past.
At the time, I kept screaming that the coy was a SELL when it was trading for btw N47-50.
U can dig up my past post for verification.

Well, things have since changed. ...and we love to align with change when its clearly POSITIVE !!

Regards

Justcul:


That FBNH has recapitalized with their 25 billion naira proceeds from FBN insurance's sale, that i had a buy average of 4 (average up from 3.7) sir. I am also long with the CEO Mr. Uk. just to add, this elephant is too big to be trampled upon...

Good to that part in bold. Indeed it's a very fine entry peg for the mid to long term.
...so yes, u are good to go dear !!

Good luck to u !!

onegentleguy:


Good u can admit that they are improving.
I was at the forefront of those who criticized the management of the coy for their inefficiency in times past.
At the time, I kept screaming that the coy was a SELL when it was trading for btw N47-50.
U can dig up my past post for verification.

Well, things have since changed. ...and we love to align with change when its clearly POSITIVE !!

Regards

Notice the price has been ranging, breakout is expectct at any moment .

There was a time WAPCO competitive moat was great In the Cement industry but they became complacent.

PETERiCHY:
Wema Bank’s profit after tax (PAT) declined by 33.53 per cent to N1.49 billion in the first six months of the year, compared to N2.25 billion it made in H1’19. Its profit before tax (PBT) also fell 33.75 per cent to N1.73 billion in H1 2020.

https://businesslive.ng/2020/08/25/wema-bank-half-year-performance-worries-shareholders-as-profit-drops-by-34-percent/

WEMA showing investors weeen from time immemorial

Fair value is 10kobo

BARGAIN HUNTERS TAKE NOTE!

My man

OBAGADAFFI:



Notice the price has been ranging, breakout is expectct at any moment .

There was a time WAPCO competitive moat was great In the Cement industry but they became complacent.

Yeah right !!
Indeed they were very complacent, otherwise they should still hold or at the very least be battling that makt leadership position with Alhaji D. ...especially when u consider their history both in Africa(particularly here in Nigeria) and abroad.

That coy ought to be trading at well above N20 by now !!

It is well.

Join us tomorrow as we will be hosting a webinar on how to create an investment portfolio that aligns with your risk profile, capital and time horizon.

Also, the strategies involved in balancing and re-balancing an investment portfolio.

Click to register
https://investment-one.zoom.us/webinar/register/WN_18r2nmGETO-pCTb88TDqpA

Wow...it seem most people on this forum are heavily invested in WAPCO....

When WAPCO finally move, the way people for this forum go take "BLOW" ehenn ...them go just retire

Calebbold:
Wow...it seem most people on this forum are heavily invested in WAPCO....

When WAPCO finally move, the way people for this forum go take "BLOW" ehenn ...them go just retire

Are you sure?

Lets not forget dividend of N16,107,798,000.00 for FY19 is yet to leave Wapco books and the over N45 billion short term loan as at June 2020 ending. I think the above will limit Wapco ability to pay good dividend for FY20. Beside the above, I think Wapco is set to go far.

currentprice:


I posted wapco as a stock that will surprise the mkt b4 any member here and i still stand on it. just trying to reason why wapco selling at currentprice with the superb result compare to others in the same sector.

if u compute earnings growth rate of those company may be you will understand where am coming from. cash flows is very important for me while analyzing a stock, wapco had fantastic H1 cashflow so as BUa and DC.

BUA is currently selling at premium based on earnings valuation but at discount base on cash valuation. cash i call oxygen is one of the reason bua price refused to fall

wapco is currently selling at a discount based on earnings and cash valuations for the first time after years of hardship

i say it again wapco is a good stock to buy for me before bua and dc

Calebbold:
Wow...it seem most people on this forum are heavily invested in WAPCO....

When WAPCO finally move, the way people for this forum go take "BLOW" ehenn ...them go just retire

The period when one makes money in the market is the ”waiting time " and not when one buys or sells. The question is How many people has that patience to wait.

Valueinvestor:


The period when one makes money in the market is the ”waiting time " and not when one buys or sells. The question is How many people has that patience to wait.

We are # team5-10years......are you with us?

Pa Emma, open my eyes on the subject matter. Average down or up. As I don't want Northward movements be an excuse for not sticking to my monthly purchase

emmanuelewumi:



Team average down

ukay2:


We are # team5-10years......are you with us?

ukay2:


We are # team5-10years......are you with us?

I am with you, but definitely not for that long, before rebalancing.
I hail all you ultra long termers