Calebbold:
http://www.nse.com.ng/Financial_NewsDocs/31687_LAFARGE_AFRICA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf

Wapco Q3 2020 result

Calebbold:
http://www.nse.com.ng/Financial_NewsDocs/31687_LAFARGE_AFRICA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf

Wapco Q3 2020 result

Calebbold:
http://www.nse.com.ng/Financial_NewsDocs/31687_LAFARGE_AFRICA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf

Wapco Q3 2020 result

Calebbold:
http://www.nse.com.ng/Financial_NewsDocs/31687_LAFARGE_AFRICA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf

Wapco Q3 2020 result

rmx:


Received an alert for all my law union and rock shares this noon

But I did not agree to the sales nah

emmanuelewumi:

From your calculation, if I buy N1m worth of UPDC shares on Monday, I will be getting close to N390,000 worth of UPDC REIT. This sound sweet. Should I go ahead? If not which stock will the house recommend from medium to long term that wont or difficult to go wrong

You will get 82 UPDC REIT shares for every 1000 UPDC shares


UACN should have there own court ordered meeting by first quarter of 2021. From my calculation you should be able to get 225 UPDC REIT shares for every 1000 UACN shares

onegentleguy:




The likes of PZ and most recently UNILEVER have also had to tour a similar route in recent past.
Guiness could have sought the route of higher repayment period, but the challenge with WC has come with a high running near term debt(unlike say UNILEVER), so management(guiness) had little option in front of them.
The coy still needs cash.

...it is well.

maishai:
wapco result was flat in my opinon, cost rose to blut out any rise in revenue..........My biggest concern is the reports emphasis on free float....... its the first time in a long time that any company in the cem3nt industry will be laying emphasis on this

Something is brewing here, probably a sale by majority stakeholders

bigjay01:

Good result. However, I am concerned by the increase in technical service fees from N259M to a whopping N1.329B.

nna777:


If this was a normal year, I will say this is a good result. But this year has been anything but normal. This is a fantastic result to say the least. Liquidity, loan book, Income etc for the 9month ended all looking great. It should reflect on share price next week.

onegentleguy:


There was a merger with one of its arm, Larfarge ready mix, which I think, might have something to do with that.
Great result, but there's need for management to improve more on certain profitability and efficiency lines.
...will score them a 7 on a scale of 1 to 10.

Selah

lexy2lexy:
It will be interesting to know what is driving the higher technical fees. How will the merger with ready mix drive an increase in technical fees without corresponding increase in revenue. Usually technical fees are a percentage of revenue. The 3Q result was poor in my opinion, the quarter EPS dropped significantly compared to the earlier quarters in the year.

BTW, really appreciate the depth and quality of your analysis. Maximum respect bro!

pluto09:
On WAPCO..

Liquidity has increased significantly which is a plus.
The result also look good y/y.
However it is a poor result q/q and I am still studying it to see what might be responsible for that.
Cost of sales went up significantly from 32b in q2 to about 45b in q3 and PAT drops from 15b to 4.8b resulting in a drop of eps of 96k to 30k over q2 and q3.

Could this be a pointer to what will happen in ,q4 bearing in mind that the company reported a negative earnings in q4 2019?

Calebbold:


Study Wapco company result(not the group's result) 2019 q2 &q3, then u will understand that Wapco doesn't usually make much profit in 3rd quarter.

I feel it's majorly due to the weather in most South South states which is Wapco's stronghold...it usually rains alot during this period/quarter.

Wapco best result is usually in the first and second quarter of the year.

But I don't think they will come at a loss in q4.. but we could be expecting something closer to the 3rd quarter result or even better.

Most investment houses already know this...study their PAT forecast for WAPCO 2020..I think the highest was around 35 billion.

megawealth01:
WAPCO never do bulls run oooooo

pluto09:



Some of your points are very valid but I have my reservation about the reason you adduced to the reduction in profit.
Going by your point, revenue should have reduced but that was not the case. The reason for the reduction in profit was because cost of sales went up significantly in q3, may be if we scrutinize this area properly we might get a better understanding of their operations.

OBAGADAFFI:


Really, did you fill any form.

Did they give any qualifications day.

ukay2:


Do they have Investors Conference Call for this Q3 result?

cucumbar:
Please, what stock can I buy within the next on month that could yield a 25-30 percent gain by January?

Pee2Jay9:
Hello everyone, great job y'all are doing here. Pls can someone kindly explain this stock business to me? I've been reading from page 6000 and I can only infer that it's buying and selling. Is it all to it?
How do one know when to buy?
How are the purchases done?
I know that experience will teach me which shares to buy or not buy, but kindly educate a lay man like me that is new to all this. Thanks alot

ojeysky:


Maybe Intbrew, Guinness or Eti?