sterlingD:


Guinness MTO

https://doclib.ngxgroup.com/Financial_NewsDocs/43294_GUINNESS_NIG_PLC-NOTICE_OF_MTO_BY_N_SEVEN_NIG_LTD_ON_GUINNESS_NIGERIA_PLC_SHARES_CORPORATE_ACTIONS_MARCH_2025.pdf

KarlTom:
Good News...

https://nairametrics.com/2025/03/06/opec-oil-output-rises-in-february-as-nigeria-exceeds-quota-by-70000-bpd/

zendi:

I was crying that oil price was falling and you're rejoicing with "Good News" that we're cheating on OPEC Quota.

The quota is meant to protect the price.

The price is looking up now that Trump has paused some of his trade war.

KarlTom:
Hmmm...

Every mallam to his kettle

Youngzedd:



Is 81.6 a fair price?


Stingy people everywhere. They wan chop alone.

DeRuggedProf:
From the financial statements of Dangote Sugar Refinery Plc for 2024, we can analyze the arguments of both individuals.

Key Observations from the Financials:

1. Revaluation and Its Effect on Profit

A revaluation surplus of ₦432.17 billion was recorded under Other Comprehensive Income (OCI).

The income tax on this revaluation surplus was ₦106.57 billion, leaving a net revaluation surplus of ₦325.6 billion.

This suggests that the revaluation gains were not part of the profit for the year but rather recorded under OCI.

2. Losses Before and After Taxation

The loss before tax was ₦270.89 billion, and after tax, the net loss stood at ₦192.6 billion.

This means the company was in loss even before considering any revaluation gains.

3. Foreign Exchange Losses

The company suffered foreign exchange losses of ₦201.88 billion, which significantly impacted its financial results.

This loss was largely due to Naira depreciation, making it an unrealized forex loss that could be reversed if the Naira strengthens further.

4. Interest Expenses and Cost of Finance

Interest expense on bank loans was ₦7.25 billion, which is quite significant.

If interest expense exceeds operating profit, it indicates financial strain.


Evaluating the Arguments:

Guy Osita's Claims

He argues that the revaluation was included below profit for the year, affecting EPS negatively. However, the revaluation was not included in the profit for the year but was recorded under OCI.

He also claims that even if the ₦208 billion revaluation is removed, the company would still be in losses. This is correct since the loss before tax was already ₦270.89 billion.

He is correct about the high interest expenses exceeding operating profit, which is a financial concern.

However, his claim that the company "played on intelligence" does not hold since the revaluation was properly accounted for in OCI.


Guy Street's Claims

He correctly notes that the revaluation was not based on physical assets but forex-related losses. This aligns with the financials, where a large portion of losses came from unrealized forex losses.

He also mentions that the company still has over ₦200 billion in unrealized forex losses, which could be written back if the Naira appreciates. This is accurate, as a large part of the losses were from exchange rate fluctuations.

His claim that technically, the company made no loss is incorrect because the core financial results still show a net loss of ₦192.6 billion, excluding the revaluation effects.

He is right about most forex dealings being forward contracts, meaning values may change at future payment dates, impacting reported forex gains/losses.


Final Verdict: Who is More Correct?

Guy Osita is correct in pointing out that the company is still in losses even without the revaluation, and interest expenses are high. However, his understanding of how revaluation is accounted for is flawed.

Guy Street has a better grasp of the nature of forex losses and revaluation, correctly identifying unrealized forex losses as a factor. However, he is wrong in saying the company technically made no loss.


Thus, Guy Street has a stronger argument based on a deeper understanding of forex losses, but his statement about the company not making a loss is incorrect. Guy Osita is right about the losses and interest burden but misunderstands revaluation treatment.

mcsugk:
Hey everyone, I wanted to share a potential investment opportunity with you called Pcex. It claims to offer daily returns through trading signals. My close friend has had success with it, withdrawing $2,900 after investing $500. However, remember that all investments involve risk, and you should only invest what you can afford to lose. If you're interested in learning more, feel free to reach out to me. This my number 08068363113

megawealth01:
Hoarders Lose As Food Prices Crash By 40%


https://guardian.ng/news/hoarders-lose-as-food-prices-crash-by-40/

Mpeace:
Story. Where did foodstuff crash by 40%

chimex38:

Lol.. I Wonder.

na to cut down food-money by 40% by next-market-day to confirm the crash.
40% bawo!

Agbalowomeri:


But food prices have gone down

Agbalowomeri:


But food prices have gone down

Agbalowomeri:


But food prices have gone down

Mpeace:
Story. Where did foodstuff crash by 40%

mcsugk:
Hey everyone, I wanted to share a potential investment opportunity with you called Pcex. It claims to offer daily returns through trading signals. My close friend has had success with it, withdrawing $2,900 after investing $500. However, remember that all investments involve risk, and you should only invest what you can afford to lose. If you're interested in learning more, feel free to reach out to me. This my number 08068363113

otokx:


slightly if at all

SonofElElyonRet:
Pepsi went back from N450 to N400
Not food but similar

KarlTom:
TRANSCORP

https://doclib.ngxgroup.com/Financial_NewsDocs/43303_TRANSNATIONAL_CORPORATION_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MARCH_2025.pdf

ojeysky:


How come transcorp was only able to pay 60k dividend with profit of over 90bn and EPS increase of over 200%. The maths is not adding up o

zendi:
What do you mean?
Agege bread ati butter washed down with Pepsi is correct meal to many.

Mpeace:
Na wickedness. They are paying only 10billion out of 90billion profit after tax

ojeysky:


How come transcorp was only able to pay 60k dividend with profit of over 90bn and EPS increase of over 200%. The maths is not adding up o

Mpeace:
Na wickedness. They are paying only 10billion out of 90billion profit after tax

ojeysky:


How come transcorp was only able to pay 60k dividend with profit of over 90bn and EPS increase of over 200%. The maths is not adding up o