vacanci:


my calculation was also on the PAT and it gave me N6 EPS annualized using the current OS of about 19.8B Units.

So yes, the figure in their report is correct

What you call annualized is actually forward EPS. This is not the same as EPS. What they publish in their report is factually wrong

vacanci:


it will be good you show us how you arrive at your own figure. As far as the data available is applied, they are correct at N6.01

Profit for the period is N59.431 Billion
outstanding shares is 19.803B

when you divide profit by OS you get N3
When you annualize this, it becomes N6

perhaps you are using recapitalized OS which has not been commited yet.

And when you say without forex gain, do you now mean that all 100% gained will be stripped off the bank?
I want to learn something here

I changed my original post back to PAT. And yes, I removed 100% of FX gain (35,191,270,000)

SonofElElyonRet:


N6 EPS ma niyi ke?

Q2 EPS is actually N3. Its still impressive..

Q2 EPS without FX gains is N1.23. Not bad but not as impressive.

Lets see what other banks do

SonofElElyonRet:


I think its too late to jump in now

If one is really interested they can buy after mark down. Though I don't get why anyone would be chasing bonus shares

Mfunkynation:

I think nobody knows the exact time frame

Oga can't wait to offload

Agbalowomeri:


Hypocrisy at its peak

Assuming it passes I really hope someone challenges the move in court

BullBearMkt:

...I think it's more of the bonus

Which is not a real return but dem go dey alright

Bagwa:
https://doclib.ngxgroup.com/Financial_NewsDocs/41707_UNITED_CAPITAL_PLC-PROPOSED_INTERIM_DIVIDEND_AND_BONUS_CORPORATE_ACTIONS_JULY_2024.pdf

Wait first oh, a N33 stock pays interim dividend of N0.90k and the market gets excited. Cant wait to see bank results

naturalflow:
the stated EPS is 258 in kobo not in Naira.so for the full year is 258×2=516kobo or 5.16 naira.No dey argue with agba nosa oooh,him be chief for this game.

Thanks oh. Na how I take do the calculation.

megawealth01:


Really

Forward EPS of N5.16 and forward P.E of around 7?

Thats expensive in this market

yMcy56:
UCAP

https://doclib.ngxgroup.com/Financial_NewsDocs/41703_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

This result is not so great in my opinion

KarlTom:
JAIZ DIV 5 has landed

Link please

emmanuelewumi:



Just tried to explain why Nosa said N20 was useless

Why bother?

ndept:
The possibility of Oando selling 5 times its current market price (CMP) in the next one year is 75%. An upstream oil company selling for less than N20 to me is a steal and I am seated permanently in it waiting for the next one year. The fact that Wale was perceived as a cowboy doesn't mean that he can never change his way to return Oando back to those good old days when Oando was paying dividend of N3, infact he will be super proud to do that. Wale has over 4.7 billion units of Oando amounting to N75b at CMP. If Oando should appreciate 5 times in price, that means Wale's worth in Oando alone will amount to N376bn. Don't you think Wale will prefer to be as rich in Oando just like Ovia is rich in Zenith?

ndept:
An upstream oil company selling for less than N20 to me is a steal and I am seated permanently in it waiting for the next one year.

You know the N20 number is meaningless right?

Streetinvestor2:
I like this seriously. The original nosa of smn

Why you dey make me look like devil. Valuation 2 years ago no be the same thing today na.

I am/was talking based on today's valuation. If Q2 comes out in few weeks and the numbers turn ugly then the prediction/expectation go change

unite4real:


What was it 2 years ago?

Don't know don't care

Streetinvestor2:
like seriously it moved from #100 to 1000 in just 2 yrs.Nobe small thing oh

Watch what GTCO will do in 2 years

unite4real:


They specifically said they should not touch their earnings

I believe they said fx earnings shouldn't be paid out as dividends

Agbalowomeri:


You no follow CBN instructions?

CBN set the amount but not the method

unite4real:


Access does not have bragging right to claim they do not want much dilution.
What then should GTCO say?
GTCO outstanding shares after the offer will be about 31% increase while Access is 50%.

Access will end up at over 51B units while GTCO will end up with less than 39B units.
Who is now the chief diluter .

Their PE ratios and EPS will be affected by these dilutions accordingly

GTCO is raising approx N400b from this offer. GTCO made over N400b in Q1 2024.

Is it just me or would it not be sesible to just retain earnings?

Mankind2024:
I respectfully disagree. This company was thriving in the real world, competing successfully with Nigerian Breweries and Guinness.
Trophy vs Star larger
Trophy vs Guinness lager
Budweiser, castle Light vs Heineken
Hero and Eagle vs Champion larger
Flying fish is now the top pick for milenia ladies.
Trophy stout/Eagle stout has systematically led to reduce patronage of Guinness stout due to competitive price advantage and improve quality.
Grandmalt and Betamalt are no pushover vs Maltina and Malta Guinness
in the premium categories, a streetwise analysis reveals that IB plc's products are certainly not pushovers. However, it appears that the company is attempting to delist IB plc. At the current trend and momentum, I doubt IB plc will remain listed on the exchange for another five years if the current selfish rights issue fails. The reason is that they may resort to excessive and unsustainable borrowing, leading to potential delisting.
A smart team can turnaround the misfortune of IB plc within 2 years regardless of Nigeria economy.

When I asked you why you bought the company you were quoting financials

Mankind2024:
A value trap entity managed by the greediest individuals in Nigeria's stock listing history. Although the company generates income, the cost of doing so consistently exceeds the revenue. It's a case of 'monkey work, baboon eat,' where the management reaps the benefits while investors bear the burden. Surprisingly, they requested a rights issue in 2024, despite being the least expected to do so. For the past five financial years, investors have been 'slaving' for the management team, with no prioritisation of dividend payments or capital appreciation. This listed company is heading towards potential delisting, and only time will tell.

I think you miss the point of Peter Lynch's book "Invest in what youy know". I believe what he was saying was that you should invest in companies that you see doing well in the real world. So in this case if we were to use this as a metric, you would need to have been seeing an increased consumption of their products in the real world.

Using financial statements (though valid) is not following Peter Lynch's teachings.

Mankind2024:
My view on International Breweries plc.
I'm borrowing a word from the legendary investor, Peter Lynch, who opined that the best way to make money from the stock market is not to get scared out of it. I'm sitting on a 33% paper loss on my investment in IB since 2017/2018, when I bought 10,000 units at N48 per share. I have been averaging down on this value-trapped stock. Reading Peter Lynch's book titled "Invest in What You Know", I resolved not to get scared out of IB, which I strongly believe will soon trade below N3.50 once the unjustifiable rights issue is completed. This is when I would start averaging down again. I am not getting scared out of IB until the company is delisted. My message to the management of this good company with bad management is that they should be ashamed of themselves and resign en masse.
With the look of things, Wale Tinubu might have repented, while the same cannot be said about the clueless managing team of IB plc.

What do you see in international breweries?

Jerekre:

Please share the link

Application for
approval and listing
of Guaranty Trust
Holding Company
Plc’s Offer for
Subscription of
9,000,000,000
ordinary shares of 50
kobo each at N44.50
per share


https://ngxgroup.com/ngx-download/x-compliance/?wpdmdl=26202&refresh=6688494dece211720207693&ind=1720197932143&filename=X-Compliance-Report-5-July-2024.pdf

bovali:


I’m not sharing portfolio again.
Make nobody send me mail. If you have question ask me here

You can share portfolio just use percentages.

SpaceX:
my Queenie daughter actually have access to my account.

Nothings do you my guy

SpaceX:
Hello, please how can I move $45 in Skrill to my PayPal?

Hope she found a way to move her $45

emmanuelewumi:
Make una continue to dey share your portfolio online

Evans go soon come collect e share

SpaceX:
Hello, Good day to everyone. Before I introduce myself, I will humbly like to appreciate what I have seen so far reading every single post right from day one or post one which ever the case.
I'm Mr Steve Jimson a hedge fund manager trading with an asset acquisition accumulatively of over $3billion Dollar. I have a over 20 years experience in the financial world. My portfolio consist of vast investment in NGX insurance, Oando, flourmill, dansugar etc
I'm here to help people in finding a standard structure of investments to their portfolio, feel free to reach out to me on any questions regarding investments. I'm here for you.
I have helped over a dozen of people in finding their bearings in the financial world and all have seen and testified great improvement in their portfolios.
Like I say in the financial scene; investing with me is an unsinkable ship.
Thank you!!!!!

This is a post you made on the 29th of May 2020

SpaceX:
Hello programmers, it just occur to me that I need to start learning how to code if I want to add value to my society. I'm kind of confused on where to start so I just registered on freecodecamp. These were the recommended topics given to me by the site:

1)Responsive Web Design Certification (300 hours)

A)Basic HTML and HTML5
Not Passed11/28

B)Basic CSS
Not Passed0/44

C)Applied Visual Design
Not Passed0/52

D)Applied Accessibility
Not Passed0/22

E)Responsive Web Design Principles
Not Passed0/4

F)CSS Flexbox
Not Passed0/17

G)CSS Grid
Not Passed0/22

H)Responsive Web Design Projects
Not Passed0/5

2)JavaScript Algorithms and Data Structures Certification (300 hours)

3)Front End Libraries Certification (300 hours)

4)Data Visualization Certification (300 hours)

5)APIs and Microservices Certification (300 hours)

6)Information Security and Quality Assurance Certification (300 hours)

7)Coding Interview Prep (Thousands of hours of challenges)


I'm currently on Basic HTML and HTML5. I want to ask if I'm heading in the right direction? Also if you can recommend well explanatory books to match it up. Thank you.
Cc:
Seun

Javanian
lordZOUGA
kodewrita
tensazangetsu20

Now you are a hedge fund manager with 20+ years experience

Yeye dey smell

PuristForest:

I might be wrong but i think UBA will hit around the 19 mark before the rally resumes...

Anything is possible. If numbers stay the same and price falls to 19 then UBA will move from undervalued to grossly undervalued

Princkez:
UBA now #24

UBA is grossly undervalued.

P.S where are you getting these price updates. Trading view still showing N23.60

PETERiCHY:


Also REMEMBER to UPDATE us when OANDO goes on FULL OFFER.

Haha!!!

This world is just a merry go round. As we get older, more experienced and less impulsive; the younger ones are making new discoveries and getting all excited by it.

Full bid can turn to full offer in a matter of seconds.

sky2891:

Please is there a formula or indices from audit reports I can use to get a company's fair value?

https://www.investopedia.com/articles/fundamental-analysis/09/five-must-have-metrics-value-investors.asp

happy hunting