austinkenneth:

What about the working capital adjustment which is stated there? How did you adjust to it?

What value did you get in your calculation?

DOLLARTEX:
wetin concern cileasing with central bank?

Coolcash1:


Another monkey hunter sighted....

rebekah2011:
United Securities has reduced its brokerage commission to 1%. I hope Morgan Capital will also step up too.

Dear Esteemed Client,

In our commitment to making client participation in the stock market activities easier, we have dropped brokerage commission across all executive channels from the statutory 1.35% to 1%. The reduced fees open the potential for cheaper trades and a better experience on our platform. The new commission is already in effect so you can trade at 1% commission right away.

Chibuking81:


People seen not yet understand that Chams PLC result seems to be the best result so far, stock of 20 kobo with 8 kobo EPS and 3 kobo dividend, for now based on their price, they have better result than Zenith and Caverton, or is there anything am not understanding in their result?

mendes911:


He may be referring to my post on ChiBuKing.

ChibuKing said we shouldn't buy UBA when it traded below N7, that it will still fall much more lower to N4 and below. Only for Chibuking to buy at above N7.70 and has been preaching about same stock, telling us 50% upside. What has changed in UBA? If that's not monkey hunting, I guess I don't know the meaning of Monkey Hunting.

valentinenwoko:
CI Leasing: Please explain how price was 8.29 instead of 7.12.i is 1:4 ratio reconstruction.plce was 1.78 trading before suspension

valentinenwoko:
Old I need explanation how CILeasing share price was arrived at N8.29. I thought it is 1:4 therefore price is N1.78*4=N7.12

onegentleguy:


There is a 20% gain/loss possibility within a given trading day.
To illustrate;
Assuming a stock Y closed @ N5 on a market day.
...then given the new rule for a maximum 10% gain or loss, the stock can trade at price bands of plus or minus 10% when it opens for trade the next market day.
This means that the coy can drop to as low as 4.50 (which is a minus 10% loss) or move up to as high as 5.50 (which is a plus 10% gain).
A person who manages to buy at the price band low of 4.50 and sells the same day at the price band high of 5.50 has made a 20% gain. (5.5-4.5/5 x 100% = 20%).
...on the flip side, one can also lose 20% on the same day.

If ur using an online trading platform, u would've observed that there is a 10% price boundary both on the bid and offer side of trade.

I have since highlighted these rules long before now.

Regards.

Yayira:


What capital did she preserve ?
She bought at 2.30, sold at 2.31 tell me how she take preserve capital ?
2.39 was her exit price including charges..
All these small losses here and there they add up oo.. before you know your money don finish.
Is not as if she bought the worst stock... na people wey buy Japaul for they run up-and-down not she

DOLLARTEX:
the only concern I have on cileasing is the massive loan from abraag group.abraag group is presently having serious issues based on trust in Dubai.

mendes911:


Why should this stock be trading more than Fidelity by this margin? On what basis are they enjoying this premium?

rebekah2011:
Yes, you are correct Sir. But it now depends on what the the management now decides to do with the largesse from the dividend income received from its investment in StanbicIbtc Pension Managers. Watch out if they are spending it on acquisition of motor vehicles for the management , payment of bogus salaries and bonuses etc.

rationalmind:


Fine result, may not be sustainable though going by Q1.

What's your fair price biko, mine is around 200% discount

cc:Mcy56 (Insurance food don land )

NoMoney:


Guys please confirm the following for Fidelity Bank

Shares Outstanding
Market Cap
2017 PAT
PE Ratio

I seem to get a PE Ratio that is different from everybody else.

pluto09:



If I am to buy any bank outside of the tier 1, it will be Fidelity.

rationalmind:


This insurance people don dey try sha, result looks quite good on the surface.

wanaj0:


Where is that person proclaiming that this company will pay some fat dividend? Lol

rationalmind:
@all, I paid into Morgan but what I have is 50 naira less the amount I paid.

Any idea why this is so?

valentinenwoko:
I was at CI LEASING PLC EGM today, share reconstruction was endorsed by shareholders.

Agbalowomeri:


Confirmation bias full here Oga.
The voice of men is the voice God. Oando protagonists of those days will narrate their experience. Anyway, all the best with C/I leasin. Afterall, there is still a 10% chance that you could be right.

samguru:
Global Spectrum Energy Services was incorporated in 2006, is an integrated Oil & Gas Offshore Support Vessel Services Company involved in many of the key Oil and Gas producing areas in West Africa. Our range of Services covers complimentary Offshore Support Vessel Services, Maritime Security, Logistics, Energy and Engineering Services.


C & L leasing advocate, this is another reason why you should have sleepless night over your investment as this company is coming to list her shares on monday (27/11/2017)

samguru:


1.if there debt is sustainable why issuing commercial papers and eager to raise fresh capital? To take advantage of opportunities in the market place and reduce debt.

2 Those companies became shareholders as a result of conversion of debt instrument to equity,which to me is not the best way to get majority holding. No shareholder has converted debt instruments to Equity and only Abraaj holds convertible debt instruments

3.The company offer the following services
a: Leasing of ships to IOCs. Revenue is in dollars are you aware the competition is stiff now as more oil servicing companies are springing up as a result of sudden increase in crude oil price C&I Leasing locks in long term contracts before procuring the vessels.
b: Provision of contract staff to major companies including Diamond Bank profit from this segment is very slim when you consider the salary,medical expenses and other expenses to mention a few Theoretically. Practically this is their second largest source of revenue and profit. The market space is very wide and has not been properly tapped.
c: Sale of Suzuki cars in nigeria (loss making at the moment) The brand is not buyable in Nigeria and that is the reason they are making loss,or if you want to buy car today would you think of suzuki brand?[/b]Closing this unit will automatically add N300m to profits annually. This unit on the average loses N300m annually.In my opinion, the unit should be sold to the Vaswanis that have the core competence in the sale of motor vehicles
d: Operator of the Hertz franchise in Nigeria [b] oga wake up uber,taxify and other operators have dominated the car renting space in Nigeria and beyond[/b]Hertz operates in its own niche. I however don't know if this unit profitable and will not comment on what I do not know
e: diversifying into the power industry and other sectors [b]No No,the company will not see the light of the day as the industry is capital intensive and not profitable yet,going by their balance sheet they don't even stand a chance to be a mid player in the industry There are lots of ancillary services to be provided in the power value chain such as revenue collection e.g PAWAKAD, FETS etc.
f: provision of car tracking services what is tracking service? when any technician can do it for you, see let me tell you something if the 4.5G network is properly harnessed in Nigeria you can configure your phone for tracking Theoretically. Practically this unit is profitable and added almost N100m to the bottom line annually


4:Profits have been consistently growing but they need to raise additional equity given the volume of business to be tapped due to the cabotage law which favours Nigerian companies for the provision of shipping services in nigeria. they have previously relied on bank loans to finance the business and paid 2billion interest in 2016.See profit growth is nothing to me, respect sustainability. I strongly believe you don't understand what Cabotage Law is ? if you understand go and ask the indigenous ship owners they will tell you it can not work in Nigeria though is good on paper.just ask anybody working in the seaports how indigenous ship owners are surviving.They thought the foreign companies have taken there work not realizing that they grossly lack the capacity to handle them and that is the reason why Federal government is considering floating shipping line. using more than 10% of your gross revenue to finance your debt is a recipe for catastrophe aaaaahahaha me I know dey. I know for a fact most of the ships were financed via asset financing where the cash flow from long term contract with IOC are used to pay for the loans used in buying the ships. This is a fact not an assumption.About cabotage law not working in Nigeria, C&I has grown its fleet of vessel to over 18 ships under the regime with some ships costing $15m

I have seen a couple of people mention Japaul while referring to C&I Leasing. You could as well mention Oceanic and Intercontinental when referring to the investment prospect of UBA. Kindly judge each company on its own strength

I failed to mention that C&I leasing owns the largest leasing company in Ghana LeaseAfric and also has a very profitable subsidiary in Ghana.



@Fxuser
@agbalowomeri
@peterichy
abeg make we continue sipping our cold kunu and zobo

Intendy:


Are they (board members) the only one playing this game ?

This is not pure mathematics sir.

Market will have its say.

samguru:



Bruv,

These are the parameters I look out for before I consider investing in any company,

1. Liabilities (debt profile)

2. The shareholding structure (if you have an individual or institutional investor with more than 30% stake)

3. visibility of the company's products/services in the market

4. Reserve accumulated as a result of consistent profits/disposal

If I weigh all any company on these scales and it fails,its a NO No No No No for me.

Guy think twice before you start defending what can not be defended so that you will save yourself the unnecessary headaches and endless posts on nairaland.

Mpeace:
You value the company at N2.5billion. You say it is on track to make ONLY 1billion in PAT, and you still thing it will sell at N3 after increasing its outstanding shares to 25billion units. I no dey plan go village any time soon sha.

Investnow2017:


Did I foresee disaster here Think some stocks will be used to test the power of 1k policy regime Did I hear Loco say Halleluyah since he is now a full-fledged, tithe-paying member of DeRuggedProf Synagogue of NSE

Mpeace:
If the bolded is true then it is real danger. To raise 25billion by equity could mean rights issue or some other special placement that could see additional 20billion units of share or more. Hmm. If that is the case then this stock is an early candidate of 0.01. per share. Thank God for removing my interest from all these companies wey I no know wetin them dey sell. The 'excellent' result could be a ploy to lure both gullible and innocent investors into a long thing. Another DAARCOM loading, if true.