₦airaland Forum

Chibuking81:
https://gtigroupblog.com/gti-top-5-weekly-stock-picks-08-01-2018/

Mcy56:
Who could have imagined that these penny stocks will be making intendy's new high list. This life na turn by turn.

Japaul reversed to close at 25kobo.....we wouldnt see negative comments .....until the day it shed some kobos again. Peter Una well done o.

zionaigbokhan:
A good Morning to all the ogas in the house, I'm tempted to sell my access bank and enter neimeth. All advice and criticism welcome. God Bless us all

RabbiDoracle:
I want you to face me. Don't face OGG.

Put your money where your mouth is.

Deposit N1m into someone's account. I will choose Jejebaba's account. Jejebaba is a member here.

Then we tell another person ( Person A) who bought Zenith at N11 to sell 40,000 units of his Zenith bank shares on Monday at N16.90. Because he/she will buy back at 11.90 according to you.

Where this doesn't happen and Zenith keep going higher, Jejebaba will needs to transfer your N1m to Person A to compensate for the unearned gains he may have suffered. The N1m is a projection that Zenith will hit N25 (based on the 40,000 units.

Where Zenith slides to N11, I will make a transfer of N250K to Jejebaba to pay you (Meshpips). The N250K will be the proceed as if you shorted Person A's stock from N16.90 (29th of May 2020 closing price) and bought back for the person A at N11.

Where it gets to N11, Person A will be excited and pocked the difference for selling at 16.90 and buying back lower. Person A loses nothing. It is only when it goes higher that person A demands that Jejebaba pay him/her once Zenith hits N25.

Are you interested?

OBAGADAFFI:
Guys, is shorting possible on NSE?

veecovee:
TWO HOLES ON EVERY WOMAN'S BODY THAT HAD DESTROYED MANY

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/29#90518604

cc derugged

emmanuelewumi:
What if it doesn't happen? Always be prepared for the unexpected .

UPDC REIT and UPDC shares are awoof or bonus for UACN shareholders, most people always spend their awoof. They can only spend the awoof by selling .


REIT won't pay N1.00 dividend, maximum dividend is 60k. It paid 58k last year

emmanuelewumi:
What gave you the impression that UPDC REIT will fly after the unbundling, I expect the share price of UPDC REIT to fall after the unbundling. Like what happened when United Capital and APR were unbundled, there was a sell off by shareholders of UBA who were given the shares of Ucap and APR which made their stock prices to fall, but strategic Investors will accumulate during the sell off

PETERiCHY:
in 2017 FIDSON rise from 80kobo to N6
Same way M&B rise from 90kobo to N6
Now it's NEIMETH turn will probably rise from 38kobo to circa N4

As for JAPAULIANS there's a SLIGHT OPPORTUNITY to BAIL OUT @23kobo next PORT of CALL is sub20kobo with all DOORS & WINDOWS closed and no VENTILATION or AC

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
Doubt if uacn can repeat what Neimeth is doing.....we wait and see.....

locodemy:
Bros,to be sincere....if see any way to recover those cash you invested in those listed equities of yours,you will pick race and start telling us to hold cash.

I have read your heart Mr stcool.

locodemy:
Bros,talk true......inside you,can you sleep normal sleep with those stocks you listed in this era of uncertainty.

To me,holding your cash would have been better than to buy A and compasate B.

You are sounding restless judging from emotions.

GonFreecss1:
For someone who was sure Zenith (a profitable business) was going to drop lower, though you changed your mind later and you then go and bought shares of companies that have some comma...

Bros! The Village people arrow prof was talking about, you sure say no be you e enter?

PETERiCHY:
Hope you are buying more JAPUAL OIL @25kobo

Zero BID vs 24m OFFERS

Mcy56:
As for FO, people made fortune with it before finally obeying the so called law of gravity, made a lot rich and richer.

Thing is, this waiver favours Japaul any way we look at it. Japaul can still make use of the fund to launch into other related biz
Will Access sell dregers to cover for the debt in case of default? Or do they want to go into dredging biz?
Japaul's problem is management related, thats my understanding of it.

emmanuelewumi:
Any capital appreciation that is not supported by figures can't stand the test of time.

Capital appreciation caused by market manipulation or market euphoria, will evaporate when normalcy and rationality returns to the market

TLAX:
To hope is good....sometimes.

klas:
Please, was this recent or before 2010 when it was AP?

emmanuelewumi:
They should have liquidated the remaining N5 billion debt. And then use the dredgers to generate income for the business instead of working to pay the bank for the next 5 to 6 years

klas:
Nsempas are correct.

Note 11.3 of the financial statuements gives enough information for analysis.

1.JP owed Access and Standard Chartered banks

2. The 2 banks took over some of its assets (dredgers, barges and building) at a value of N55.712b to cover the amount owed.

3. The carrying value of those assets in the books of JP before the banks took them over was N12.69b.

4. The difference between the gross value of the loans at which value the banks took over the assets less the carrying amount is N43b which JP recognised as other income.

You can see that JP lost some of its assets while the banks lost the difference between the loan amount and the assets value.

N43b other income is a paper profit as it just involved writing back the accrual for interest (now waived) which JP had been doing over the years, it is not cash backed.

JP may not even be in a position to pay 1kobo dividend unless it borrows because it has negative cash flow without receivables.

The receivable of N10.4b it reflected in the account is largely audio because subsidiary and associate members of the group owe N8.5b out of it (essentially JP owes itself). Only 686m is trade receivable.

Disclosure: I joined JP bus in 2008 (no disembarking) and without doing due diligence bought additional 1m @ 0.24k. JP should let me know its juju man. I need him

emmanuelewumi:
You now agree on the suggestion that it is a paper profit.


Thank you @ Wanajo on your seminar concerning Creative Accountiu

emmanuelewumi:
The bank won't operate it, they may tell Japaul or any other person to running the business for them.

Can you now see why Japaul will need to raise funds into to pay the remaining debt and stay in business. Another reason why you can't earn any dividend

emmanuelewumi:
This is a tall one, the dredgers will pay N1 billion every year. What will happen if the business did not generate enough revenue for the loan repayment, considering the fact that the business generated a total revenue of N800 million in 2019.


Na to takeover the carcass go remain, because Access won't accept default

DeRuggedProf:
Oga don give house girl Belle...

emmanuelewumi:
Check the Genesis of the problems of UPDC. A business will die when you are not generating enough revenue to run the business, when you start selling assets to run the business and pay debts

emmanuelewumi:
There will be a right offer, this will prevent the funeral of the business

Mcy56:
You know, what I read here earlier was that they sold off assets to pay diamond debt, whereas diamond/access debt was a waiver.
You see what I was saying about sentiment? Nsempas are not even ready to look at what the financial book was saying at all. This doesn't look good enough.
I mentioned it sometimes ago that analysis of audited financial books have long been replaced with mere speculations, assumptions and sentiments here.

emmanuelewumi:
Paper profits, the Q1 and Q2 will give an idea of the future of this business