emmanuelewumi:



We also have FCF for the firm and for the equity

I guess, from d "firm", we need to add back interet paid to debt olders while calculating net cash flow from operating activities. Debt and equity are considered together as one capital input. They call it unlevereged FCF.

Explained here:

" Unleverged fcf
Free cash flow (FCF) is a measure of a company's financial performance that indicates how much cash is generated by the business after accounting for capital expenditures. FCF is calculated by subtracting capital expenditures from operating cash flow, which is the cash generated from a company's normal business operations.

Unlevered free cash flow (UFCF) is a variation of FCF that excludes the impact of the company's debt. In other words, it is the amount of cash that the company would have available if it did not have any debt.

To calculate UFCF, the following formula is used:

UFCF = FCF + Interest expense (1 - Tax rate)

where FCF is the free cash flow, interest expense is the interest paid on the company's debt, and the tax rate is the company's effective tax rate.

Unlevered free cash flow is a useful metric for comparing the financial performance of companies with different levels of debt, as it allows investors to compare the cash generated by the business without the impact of debt. It is also a useful input in valuation models, as it reflects the cash available to shareholders after accounting for the costs of financing the business."

ositadima1:
and then this one ; What Nigerian stocks should I buy?

its answer: "I'm sorry, but I am not able to provide specific stock recommendations. As a large language model trained by OpenAI, my primary function is to provide general information and answer questions to the best of my ability based on the information that has been input into my system. I do not have access to real-time stock information, and I am not able to provide personalized financial advice."

ha this is scary I don't know what to make of it

yMcy56:


June 04 2021 posts.
BUACEM closed @91.70 today!
Oga Emma and the Old CCNN investors here, E Ku market o.
My tashere Registrar's copy is showing +576% gain!
Could imagine what the long termers would be feeling like by now......
Think I've always prefer BUA to Wapco, though both are good. Maybe one day with 3xtra dose of patience, Wapco too may be able to make her investors also smile.

Financial institution don't accept Bua as collateral, those who do discount it by 70%

ositadima1:


I guess, from d "firm", we need to add back interet paid to debt olders while calculating net cash flow from operating activities. Debt and equity are considered together as one capital input. They call it unlevereged FCF.

Explained here:

" Unleverged fcf
Free cash flow (FCF) is a measure of a company's financial performance that indicates how much cash is generated by the business after accounting for capital expenditures. FCF is calculated by subtracting capital expenditures from operating cash flow, which is the cash generated from a company's normal business operations.

Unlevered free cash flow (UFCF) is a variation of FCF that excludes the impact of the company's debt. In other words, it is the amount of cash that the company would have available if it did not have any debt.

To calculate UFCF, the following formula is used:

UFCF = FCF + Interest expense (1 - Tax rate)

where FCF is the free cash flow, interest expense is the interest paid on the company's debt, and the tax rate is the company's effective tax rate.

Unlevered free cash flow is a useful metric for comparing the financial performance of companies with different levels of debt, as it allows investors to compare the cash generated by the business without the impact of debt. It is also a useful input in valuation models, as it reflects the cash available to shareholders after accounting for the costs of financing the business."

Correct.



I use Fcf for valuation and not earning

Good day my people oooooo

We chat with Mr Michael Nwakalor, CFA, a professional who works with a Value Investing focused Asset Management firm this week on the podcast.

He speaks on the practical aspects of value investing, why mispricings happen, how to spot them, cognitive biases and the most important trait that retail investors need to invest profitably.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/NWNkYjQ4MTYtZjUyYS00ZTVlLWE3YjctNTI1ZmU1NTdkYzIw?ep=14

Here's a rundown of key events on the NGX last week.

https://twitter.com/quansimodo/status/1601960274638114816?t=E8NM92wAgACuGggQ8LT4Jg&s=19

Thank you Doc for this episode. Quite enlightening. Any idea the Eurobonds he mentioned towards the tail-end of the interview that is accessible to retail investors? Ran a google search without much useful results. Thanks for the consistent hardwork and knowledg-sharing via this podcast.

DrAwo:
We chat with Mr Michael Nwakalor, CFA, a professional who works with a Value Investing focused Asset Management firm this week on the podcast.

He speaks on the practical aspects of value investing, why mispricings happen, how to spot them, cognitive biases and the most important trait that retail investors need to invest profitably.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/NWNkYjQ4MTYtZjUyYS00ZTVlLWE3YjctNTI1ZmU1NTdkYzIw?ep=14

creategist:
Thank you Doc for this episode. Quite enlightening. Any idea the Eurobonds he mentioned towards the tail-end of the interview that is accessible to retail investors? Ran a google search without much useful results. Thanks for the consistent hardwork and knowledg-sharing via this podcast.

Thanks for the kind words and encouragement... It means a lot to us...

As per the Eurobonds, I'm not quite sure which specific Sovereigns he was referring to but I know that the yields on Nigeria's Eurobonds were as high as 12% last month. Not quite sure what it is now... See the picture below for the yields as at November.

The challenge with the Eurobonds were s that the minimum amount required to directly participate is quite prohibitive (for me, that is). It can be as high as $200,000. You can speak with the large asset management companies and I'm sure they can hook you up with them.

For little people like myself, buying an Eurobond Mutual fund is a good way to enter that sphere. The minimum amount needed to buy into such mutual funds vary depending on which firm one is speaking with. I'll advice that one shops around and one should get a firm that's willing to deal with people like us.

I hope this helps...

emmanuelewumi:
Financial institution don't accept Bua as collateral, those who do discount it by 70%

Their loss.


BTW, FCMB sighted at N3.50.......from 3.25.....

Make sure you carry and keep ya Christmas/Election bull under ya mattress

I LOVE THIS NIGERIA MARKET
This market continue to sound the warning bell that it want to retrace. Looking at the chart below, I believe you will not buy aggressively. Whether you know how to read charts or not, yo can see that the all share index is at a temporary top.

So, what can we buy today? We have given our opinion to the people that matters and they appreciate it.

Follow what we tell you and stay on the profitable side.

yok:
I LOVE THIS NIGERIA MARKET
This market continue to sound the warning bell that it want to retrace. Looking at the chart below, I believe you will not buy aggressively. Whether you know how to read charts or not, yo can see that the all share index is at a temporary top.

So, what can we buy today? We have given our opinion to the people that matters and they appreciate it.

Follow what we tell you and stay on the profitable side.

Retrace from which resistance?

Agbalowomeri:


Retrace from which resistance?

the downtrend line there is acting as resistance

juniorrate:


the downtrend line there is acting as resistance

A trendline that touches only ONE historical top?
Fitting data to biases niyen
IMO, if the trendline is properly drawn without ignoring the two subsequent tops, you will realise that we are already above the trendline

Good evening everyone,

I made a web payment for a flight on the 2nd of November, it declined. I then made the payment via a Wema bank which went through. On the 6th of November my bank debited me for the web transaction. I have complained to the bank twice and they have rejected my complain and even said I can take it up with the CBN.
Please how do I take this up with the CBN?

igbizen:
Good evening everyone,

I made a web payment for a flight on the 2nd of November, it declined. I then made the payment via a Wema bank which went through. On the 6th of November my bank debited me for the web transaction. I have complained to the bank twice and they have rejected my complain and even said I can take it up with the CBN.
Please how do I take this up with the CBN?

I work in aviation sector.
My advice is this: there is the possibility that it declined but the transfer still went through to the airline. We call it timed out tickets. Contact the airline and give the all the details of the transaction and they would then check if the transfer came through. If the transfer came through, they would ticket it for a date of your choice or do a refund.

yeddy99:

I work in aviation sector.
My advice is this: there is the possibility that it declined but the transfer still went through to the airline. We call it timed out tickets. Contact the airline and give the all the details of the transaction and they would then check if the transfer came through. If the transfer came through, they would ticket it for a date of your choice or do a refund.

I experience this sometimes when vending electricity for customer.

What is driving the price of Learn Africa?

 Learn Africa in their Q2 2022 showed a remarkable departure from their Q2 2021. Instead of the loss position of N126,432.00 they made a profit of N110,078 which represents 187% growth. The market forces work randomly to compensate or punish prices for their performances.

The stock has been trading at N165 since the beginning of the month and this jump is a testimony that the market is set to end the year on a high note.

•             Why is Neimeth and AXA Mansard trending down?

Neimeth has been trending down since the beginning of the month from N1.40 and the N1.28k it closed on December 12, 2022

A cursory look at their last released earnings report revealed that their earnings trended down as well.

Turnover dipped by 11.3%, they experienced 140.5% loss after tax and a negative earning per share (eps) of -5.77k from an eps of 14k representing a decline of 141.2%.

The market is a discounting factor, this has to be well reflected in the price of the stock, that is what we are seeing.

•How attractive is FBNH at N11?

 The big elephant is pregnant with non-public information. I still believe in its strength to weather a lot of adverse market conditions and still continue to stand.

At N11.00, FBNH still has the leverage of moving as far as its 52 week high of about N15.00 though the price has been sticking around N11.00

•What are the possibilities in Zenith Bank, Fidelity and WAPCO?

Zenith, Fidelity and Wapco are stocks we should keep an eye on. The liquidity of Zenith serves as both advantage and disadvantage. It may take a lot of efforts for the price to rally, but it will surely do when the market dynamics are favourable to it.

Fidelity has always come out with their quarterly earnings with fantastic earnings yields signifying the cheapness of the stock. It is set for the rally when the market turns fully.

Wapco has continually tried to measure up  in the industry it belongs. It is the cheapest cement stock and also has the potential of catching up with the prices of other stocks in the industry.

The news about the parent company bothering on the issues of terrorism sponsorship has come and gone and that had been factored into the price and the moment the market turns, Wapco will turn with it.

Please how long does it take for merger of CSCS accounts to be completed?

is there likely going to be a general pullback after the holidays or are these prices crusing till after End of year results come out

essentialone:
Please how long does it take for merger of CSCS accounts to be completed?

Keep following it up with your stockbroker.
The reason for the delay might be that cscs rejected your submitted documents.

gbengafaro1986:
is there likely going to be a general pullback after the holidays or are these prices crusing till after End of year results come out

JAMB QUESTION.
We as for me, I will say, we wait and see how January go be o, based on election!!!!!!!!!!!

Vitafoam Audited result should be coming out soon, hoping for a dividend of N1.50 per share or more.

Wapgod:

Keep following it up with your stockbroker.
The reason for the delay might be that cscs rejected your submitted documents.

Thanks for the clarification

I experienced this a few months ago.

From start to finish took 6 weeks with a lot of emails in between chasing the broker and CSCS.

Ofcourse, I wasn't chasing them daily.

essentialone:
Please how long does it take for merger of CSCS accounts to be completed?

thesilentone:
I experienced this a few months ago.

From start to finish took 6 weeks with a lot of emails in between chasing the broker and CSCS.

Ofcourse, I wasn't chasing them daily.

Quite a long time

I wasn't persistent in chasing them. Yours could be quicker

essentialone:


Quite a long time

Chams Plc silently delivered at 21k near Market Close.

BUACEM: @97.75.......we are roughly N2 to first target, KM 100........

ZENITH: Sighted @23.50! Getting investors' attention......back to 23........much volumes in their upandan..
GTCO on the other hand saw village people queue @21 in series of chain offers at that spot......we'll see how GT handles them...

CHAMS: Driver don arrive bus stop to pick passengers for another round trip in near/far future.....

UCAP: Sighted @13.65...