₦airaland Forum

HesInMe:
Interesting. First time I'm hearing about this. Can you please share more?

Sourcing and exporting raw cashew nuts, sasame seeds, hisbiscus, etc. to india, vietnam, turkey and other destinations.
Leveraging their export processing center in Lagos and their strong logistics network.
This is a whole universe of growth for Nahco and they are taking it very serious. That's all I can say.

HesInMe:
You try, but I'm still confused

Anyway, we'll know in a month or so. But Nahco is an excellently positioned company sha.

Agro export.

chimex38:
I think people are keying in to the 14% extra bonus (1 for 7) added to dividend yield from the proposed dividend. That's about 17%-20% in total dividend
( for average purchases between ₦100-₦180).

QD is also at hand=May 1.
So probably rotational investors want to acquire as much as possible to make the 14% extra bonus worthwhile, hence the high demand as the closing window approaches.

With this few points of mine hope I have been able to convince you why the 50% rally is holding for now aside the hotel lunching

You guys are forgetting agro-exports. Watch out for Q1 and see agro export contribution to revenue growth.

nosa2:
Oh no i didnt. I bought GTCO at 38. Bought Zenith at N60 and now bought ETI at N46.

Each time the reaction from my fellow market participants was the same. And each time I laughed in Bini

Like I said, to each his own.

Joyful365:
Over optimism is sometimes not good.

By the time you account for the impact the high cost of diesel will have on their bottom line together with fall in aggregate demand by consumers you'll be shocked that you don't see the results you expected.

The company itself has tappered down their expectations but una still no wan hear.

You forget that Q1 is always slow for such business as the yuletide has ended. Add all the other negative macro events taking place and you'll see that the possibility of the stock retracing heavily is not far fetched.

Well, time is always a great teacher. Let's wait and see

you don miss am. Q1 is usually the best quarter. It is very important to understand the business before you invest

emmanuelewumi:
We also forgot that Presco had debt of over N160 billion in 2025, finance expenses in 2025 was N43 billion.

The business is now deleveraged, the plantation is now bigger.

Even if price of their products fail, I still expect a minimum growth of 25% in their earnings when compared with Q1 2025

Beyond price, there's been real volume expansion. Presco is achieving serious volume expansion this year expecially from SNL (rivers) and Ato (edo). The focus is on expanding volumes of CPO, RBDO, Stearin, Olein, CPKO, along with other monetized by-products like PFAD and palm kenel cake PKC. These guys aren't supplying supermarkets, they are supplying industries. B2B.

Hold your PRESCO tight. It is a retirement stock.

emmanuelewumi:
The effects of the N250 billion raised by Presco through right offer in December 2025 will be seen in the Q1 financials that will be out in the next 3 weeks

You sabi ball sir. Q1 go shock some people wer no sabi the business. No need for plenty talk.

unite4real:
to be honest, i would have bought close to 40 stocks on the exchange before looking at ETI

Left GTCO, ZENITH, NAHCO, ARADEL, PRESCO, WAPCO, DANGCEM, SEPLAT, etc.

Left these real pillars, to go ETI.

Well, to each his own, make Nosa sha remember say NGX is a "unique animal", according to one guy like that.

We sabi say na OG e be sha, but be cautious with banking valuation, and moderate expectation of capital appreciation especially for a bank like ETI wer no de poo or vomit dividends.

nosa2:
Based on current earnings it is expensive. Now that earnings are expected to drop you think a 50% drop is out of it? Lets see how earnings pan out this year before calculating fair value

PRESCO you should have just bought and taken position swiftly. If you did, you wouldn't be so anti-Presco.
You go pack your kaya for ETI wer no dey pay dividends.
NGX responds to dividends o. Welcome back to NGX
My brotherly advice: Better take profit from ETI before dividend season sha

Why sell Zenith for ETI sef? hmm. To each his own

crownprince2017:
They know this fact right, they just wanted to mislead people who doesn't understand the business under the stock so that they can buy at discount.

The game plan is clear, create panic, buy at discount then come and tell us how good the business is.

Company that is serously pursuing and achieving volume expansion. If you can hack "volume" in this CPO business, you know what that means.

deathwing:
Na so e dey be. During corrections, plenty of explanation dey usually abound. It is human nature. When events stray into your bias, you justify it somehow.

.

unite4real:
PRESCO has gained 10% now N1,871.20

I was just laughing at all the talk over the past days.
When Q1 is released, people will understand why PRESCO is called a serial compounding machine.

Streetinvestor2:
Locally the price of palm oil has dropped by almost 50% presently. The 1.5 litter use to be #4500. It is now #2400

N2,400 ke. Be sure of what you are buying oo. Hope you aren't buying those ones that are mixed with local dye?
Better to buy original Okomu banger oil oo.
Feed the body that makes the money with better original banger oil o.
Health is Wealth oo!!!

Kesta22:
Thanks

Welcome, try to have both Presco and Aradel, for long term.

This is not financial advice. Do your due dilligence.

.

naturalflow:
You rated presco ahead of aradel? Incredible!

Both are great and deal with commodities. I have both.
However, Presco moves ahead considering longterm earning, cashflow, & dividend growth that is less affected by external influences like product price volatility/swings and US energy policy shifts.

Do not underate how much Nigerian oil palm producers/refiners can make in the next 5 to 10 years beacuse their pricing model bakes in International CPO prices, FX premium, Security premium, and local inflation.

The elements in bold above plus CPO prod volume expansion are the reason you cant see Presco or Okomu's profit swing low due to any CPO price volatility. Revenue, Earnings, Cash flow and Dividend will continue to go up in the long run, so will Market Cap.

The fund managers (both pension and asset mgrs) and the moneybags quietly playing in the arena know this

Kesta22:
Presco, Aradel and bua foods which one is good to invest in?

Ranked
1. Presco
2. Aradel
3. BuaFoods

NFA

mikeapollo:
Yeah... it is true
I guess United Capital should be up and doing

United Capital Securities is the best i've used. you can simply fund your account instantly in 5 seconds.

You can also get a margin loan if needed.

Raider76:
I think if the CBN will put the forbearance issue aside banks like Zenith that paid disappointing interim dividend should pay good final dividend. I think FBN will also do better since Ote$ did address the poor dividend issue during the AGM. Time will tell.

ZenithBank has completely exited Forbearance. Expect a good dividend this time.

Not at all. Q3 is off season in Nigeria Oil Palm Industry
Only saying that Presco has found a strategy to mitigate the volume decline that characterizes off season.
You won't see a QoQ decline as steep as Okomu's.

unite4real:
Are you saying Presco will be impressive in Q3 against Q2 and Q1?

Yes, It is impressive!
You need to understand the business.
Q3 is typically off peak season, so the decline is expected.

That is another aspect of the business where Presco edges Okomu.
Presco rapidly ramps up production & builds inventory in H1, then sell/supply in Q3 which helps mitigated the off season effect in Q3.
Products price also help to mitigate the effect, as prices are usually elevated in Q3/Q4

Understanding the business is crucial to analyzing the fiancial reports

KarlTom:
Is it really impressive? There's a massive decline Q-on-Q...

EPS
Q1 22.78
Q2 27.05
Q3 13.41

PAT
Q1 21.738bn
Q2 25.799bn
Q3 12.795bn

Sunrisepebble:
What I have so far
Wema as at end of 3rd quarter are at 150bn in profit before tax
Vitafoam, as at last I heard had made around 17-18bn in profit before tax, they will likely pay dividend and bonus issue of 1 for 5.
GTCO from their H1 call they’re targeting 60% payout ratio which translates to around N13-14 dividend but from an insider CBN might moderate that to around 8-9 which means around 9-10 for FY

.

KarlTom:
A dutiful MM split the 100k units...

The MM should better allow PRESCO come down. In the past weeks, there's been a lot more offers (1.3m) vs few bids (200K+)