₦airaland Forum

RabbiDoracle:
How do they share revenue obtained from taxing cigarette and Alcohol?

States in the North where consuming of alcohol is forbidden/haram should not partake in the tax revenue gotten from the Alcohol. Because that tax revenue is also haram.

You can't tax Lagos or Anambra where the shayo plenty and share such revenue to Zamfara where some groups go and destroy bottles of alcohol declaring it is haram.

Same applies to VAT.

That said, no one will care about sharing formula if there is good leadership.

locodemy:
So you guys are trying to tell us stocks will rally this week without results?
I know when to enter the market fully.For now make I dey manage UPL as a lamb of sacrifice.

You and UPL? Even Learn Africa figures look better.

For the lovers of Caverton, this may interest you:

http://www.4-traders.com/CAVERTON-OFFSHORE-SUPPORT-20707999/news/Caverton-Offshore-Support-Drive-to-Strengthen-Capacity-26133855/

https://www.thisdaylive.com/index.php/2018/03/09/cavertons-drive-to-strengthen-capacity/

The Chevron Contract was in 2017.

https://www.thisdaylive.com/index.php/2017/08/21/caverton-wins-chevron-contract-for-helicopter-services/

This na real FAMILY business. Chairman, Executive Vice Chairman and Chief Operating Officer as family members! Discussions will be done over dinner in the family dining room. If you don't have access to that room, better to stay away!

mendes911:
Next action is forceful takeover by a new investor.

1k rule is working joorrr. Good.

Thought a new investor already took over. That's why you have UNIC holdings!

phemmie06:
The National Insurance Commission (NAICOM) on Thursday took over UNIC Insurance Plc.
The take over is coming on the heels of the Commission’s drive to sanitise the sector and ensure safety of policyholders investment in the sector.
Although, UNIC Insurance has been unable to pay claims to policyholders and had weak financial result, the Commission is yet to state its reasons for taking over the firm. Sources within the sector said the board of the firm has been sacked while a four man interim board to pilot the affairs of the company for the next six months has been contituted.
The interim board is chaired by NAICOM’s former Director of Finance and Accounts, Chief Samuel Ordu while Theophilus Eke will serve as its interim Managing Director. Other members are Ifeyinwa Ann Momah and Nicholas Shaiyen. The interim board has an initial period of six months to do a forensic audit on the firm’s financial position as well as point out the corporate governance failures observed in the course of reviewing the financial statements of the company.
It was also learnt that the Commission is prepared to intervene in more companies. Few days ago, the Commissioner for Insurance, Mohammed Kari said there is an urgent need for consolidation between the firms. He said aside the underwriters, all other insurance operators especially brokers would also need to consolidate.
Kari said the resolution to consolidate was reached and agreed upon by the regulator and operators at the Insurers Retreat held recently in Abeokuta, Ogun State. He further advised operators who are seeking or may want to seek for a new operating license to acquire some of the existing weak companies. He said consolidation will enable the companies to strengthen themselves financially.
He stressed that the Commission found that out of 27 companies, only 6 or 7 have paid dividend in last 3 years.

https://trwstockbrokers./2018/03/09/naicom-takes-over-unic-insurance/

More confusion!!!!

I thought what is listed now on the NSE is UNIC Holdings?

Is NAICOM taking over UNIC Holdings or UNIC Insurance? Is NAICOM taking over the ownership or only sacking the management?

Bianco1:
Also it's doubtful if there's anything NSE/SEC can do or investigate until some interested party reports an infringement or violation

Nothing anybody can do. There was an expression of interest and people are free to change their mind. I doubt Milost will bring that amount of money to Nigeria within such a short time frame. The valuation put on those companies make me even more suspicious.

pluto09:
There is nothing new here. Some banks results were rejected last year for representation to the CBN.

That's why I am surprised. It is standard practice. Insurance companies are WORSE!

RabbiDoracle:
My Oga, let them announce first and let someone carry our Kaya for us.

Let putting down the money be another issue.

Na the announcement be the koko.

Wicked somebody.You know the announcements by OandO including refinery?

rebekah2011:
If they fail to put money down. Then I think heads should roll both in NSE and SEC.

Why? MOU can break down!

RabbiDoracle:
Which insurance company is that?

Let it be Sovereign Trust ooo....make the stock reach N10

I will be surprised if Milost (or is it Milo) actually put any money down!

kolaish:
UPL is a stock that can give 50% capital appreciation in the next 4 months.
Dividend (N) Bonus Accounting Year
0.2 Nil 2015
0.35 Nil 2014
0.35 Nil 2013
0.35 Nil 2012
0.4 1:05 2010
0.4 1:05 2009
0.35 Nil 2011
0.4 1:05 2010
0.35 Nil 2008
0.25 Nil 2007
0.25 Nil 2006
0.15 Nil 2003

Evidence of dwindling performance especially when you add 2016 and 2017 figures.

There is actually a report from Bureau of Statistics that talked about the state of the publishing industry in Nigeria

shigidi:
You do not like 1 stock constituting that high? Its not always a bad thing

Except I have direct access to the MD! No stock should be 20% of my portfolio. It is part of my investment/risk management strategy.

Risk management is key to successful investing. Many are taking unnecessary risks.

bigjay01:
NEM @ 2.47

sell or not to sell?

but then again, selling is not in our DNA

destination unknown, what a journey sha

who says it doesn't pay to hold!

ride on jare

Will start selling to rebalance my portfolio. It is now constituting almost 20% of my portfolio which is unacceptable.

bigjay01:
Ride on, carry go jare

AIICO will surely join

AIICO and NEM are not in the same category o ooo. AIICO money from their public offer vanished into thin air!

currentprice:
i will love to see their Q1 but base on current Audit report my fairvalue stand at N1450, currently selling @ almost 100% discount

Q1 will give more clue sha,,, waiting.......

Hope you considered the impact of the tax credit in your analysis. There is also the issue of Pioneer status.

Investnow2017:
I see Presco doing N90 - N100 shortly

Hmmmm. That stock na trap! How much dividend will justify that price? Same thing with Beta Glass

Coolcash1:
Honeywell on bid...Buyers should come up with their price...

Bid at a price lower than previous close

locodemy:
flying?
flying volume not up to 500k.
O boy men dey buy stocks to offload easily on volume.
make this a strategy in stock trading.
It will help us a lot in this biz.

You know whether my investment capital na N100k? 500k volume is good for me biko.

Tolktob:
Bra Wanajo,this tin" HMARKINS:LAG" no gree reach your junction oooo.
flying already !

Not in a hurry. There are better ones out there. No need pursuing a moving bus.

osayande2012:
most of these companies that came for public offers in 2007 came with window- dressed financial status such as daar comm,union diagnosis,many insurance companies. They deceived unsuspecting public raked in billions which dey used for frivolities now dey cant meet up their promises because the fundamentals werent there in the first place.Those with union diagnostic, daar comm,and some insurance companies etc share certificates are just keeping ordinary papers.They should just move on and forget about d certificates because these company are slidding which will make it very difficult to ever meet up their promises to shareholders as they ve not been able to meet up in d last 10 yrs.I was a victim of these scam.

The public should have known that the fundamentals are not there. The public refuse to ask salient questions. How do they or will they make profit? Nigerians love NOSPETCO type of business.

laydap:
https://www.milostglobal.com/news/154-us-based-milost-snaps-up-nigerian-real-estate-firm-for-1-1-billion


Could the fourth to the last paragraph be the key to the recent spike in NEM...

$1.1bn Na beans??

They claimed to 'own' FEMAB also [url]http://femabproperties.com/
[/url]

BEWARE

locodemy:
To believe what you are saying,pls tell him to bring it out on the floor,let us know what will happen.
He may have a substantial units but I am sure he cant sell or dash it out.
we are plenty here looking for that particular stock at a large volume if any.............

Precious things are not found on the floor

rebekah2011:
Na Oga Loco dey hammer University Press Plc anyhow. It will be sweet at below N2. It used to compete with RedStar back in the days with dividend and price. Red Star that pays 35kobo yearly is flying above 5. UCAP and AFRIPRUD struggling below N5.

Una no dey buy books again now. Na only ebooks everybody dey read.

I think they've got some UBE contract.

Learn Africa is another one in the same line of business.

locodemy:
Buying 1-5m units of upl is not moi moi.
It is very much illiquid and difficult unless you are ready to take it at any price.
The stock may be more illiquid if it gets below #2.00.

Just contact Dr Lekan Are. He should have substantial amount to dash you.

maishai:
#80, I thank God for this forum and 2008 experience, What will make me buy a stock for #80 when i am not even sure of #5 dividend yearly......anyway I will buy a year after Peterichy buys

Na burnt offering.

https://af.reuters.com/article/africaTech/idAFL8N1QI889

MTN collecting donation for its fine

pluto09:
The retail investors who had an exaggerated expectation of the dividend payment are transferring wealth to those who can recognize a company selling at a price below its fair value.

Unrealistic is the word. People get so carried away that they forget about reality!

RabbiDoracle:
They should do cost cutting. They will save more when they reprice services, localise some training and trips, asset review and sales etc. This is the only way to lower your costs. Check Total result.

Are you comparing upstream company with downstream?

Actually, instead of reducing such costs they are better off improving uptime/plant availability.

They want to compete with the IOC's so they may have to pay a premium for now. But it will not continue for long.

RabbiDoracle:
25m units for N17b. This is like N680 per unit.

They could have given their employees at 20% discount rather than selling at close to market price. They could have gone to the market to buy it.

Me thinks it is a strategic investment o from outsiders.

It was stated as shares for employees. It may actually be given to employees 'free'.

tiar:
They rewarded themselves with 25m shares worth close to 17b. They increased their salaries too. 2 years without dividend is an issue BOSS[B]

Bigger hype was given to AFREN trading on the main board of LSE with operations in Cote D' Ivoire, Nigeria etc. Where is AFREN now? Seplat is just riding on Nigerian investors' perpetual thirst for any company into oil business especially UPSTREAM.

This is what killed and is killing many bank's loan books. Keep getting sucked into giving loans to companies with businesses dependent on hard commodities and shunning soft commodities. The irony of life.

Seplat is a complicated company: the books, transparency, operations, ownership and liabilities.

Main difference between AFREN and SEPLAT is MANAGEMENT. AFREN was managed by 'finance' people. SEPLAT is manged by oil industry professionals. A big difference.

SEPLAT is an OPERATING company. They actually have staff OPERATING facilities. They are NOT a briefcase company.

https://seplatpetroleum.com/wp-content/uploads/2018/02/Seplat-FY-2017-Results-for-Release-28-February-2018.pdf

Game set

Dividend

During a period in which Seplat’s key focus has been on preservation of liquidity and selective capital allocation to ensure the
Company maintains a necessary level of financial flexibility the Board believes that the Company and its shareholders are
better served at this point in time by selectively deploying available capital (on a discretionary basis) into the portfolio of
production opportunities and preserving a liquidity buffer.

onegentleguy:
U are indeed a sharp Boss !!
...For I am certain that u are seen what am also seen.

They have just employed a new executive director who is more like DMD. He was recruited to take over from the current Austin. That is succession planning for you.

Board changes
The Company announced in March that Stuart Connal retired from his role as COO and executive director effective 31 March
2017. The board, management and all staff would like to thank Mr Connal for his significant contribution to Seplat in the last
few years. On the 23 February 2018, the Company announced the appointment of Effiong Okon to its board as Operations
Executive Director.

I love the way they manage/mitigate their risks. The oil industry is all about risk management. The hedging strategy is one. The Amukpe/Escravos line is another. The Warri Jetty is also there. They've also worked on the reconciliation factor.

The Ahaoji project is a game changer for them. Now they can compete with the IOC's in project execution and delivery! They demonstrated it on Oben and based on that got a share of the Asa North/Ahaoji project from SPDC.

If you want a REAL OIL Company. You have one here!