Market doing justice to GTCO already

17th April court case approaching.
Oando on the rise.Maybe #15 possible before the date.

Locotrader:
17th April court case approaching.
Oando on the rise.Maybe #15 possible before the date.

With the possibility that the company may release the much expected 2022 AFS result

ndept:
With the possibility that the company may release the much expected 2022 AFS result

Since the AFS has been approved by the Board and sent to FRC, are we sure some people have not seen it?

sky2891:

Since the AFS has been approved by the Board and sent to FRC, are we sure some people have not seen it?

Sure. Insiders must have seen it and those close to the regulatory authority

sky2891:

Since the AFS has been approved by the Board and sent to FRC, are we sure some people have not seen it?

When the bids gets to 50m or above, know something good is about to happen but for now..........

UBA is trying to push portfolios value up, Dangote Sugar is doing everything to pull it down..And to sell Dangote they fear person

Market saying thank you to UBA & Zenith and telling GT that their proposed dividend falls below expectation

OANDO

sky2891:

Since the AFS has been approved by the Board and sent to FRC, are we sure some people have not seen it?

Locotrader:

When the bids gets to 50m or above, know something good is about to happen but for now..........

Already on full bid with max daily gain. No offers on the floor for sale at the moment. That's how optimisim springs up once court date is nearing. Time for this case to be struck out joor.

@yMcy56 where your comments. I have told you to stop cooking beans in the morning of a market day

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https://www.youtube.com/watch?v=ZFCtzMKUI1s

defebe:
UBA is trying to push portfolios value up, Dangote Sugar is doing everything to pull it down..And to sell Dangote they fear person

You are not alone here. I should have sold some DS when it was N59 last week and re-enter at below N53 maybe tomorrow. Anyway all is well. At last patience will be key.

emmanuelewumi:



Consider the average 5 years trend, profitability of the business and earning quality.


Instead of dropping in a screener, I will do it manually for stocks on my watchlist.


Some of the stocks that appeared on the screener are dead.

Capital intensity of a business is also dependent on the industry. You can't compares the capital intensity of Julius Berger with that APR

delvzy:

I will advise you to do it based on sectors rather than just making comparisons haphazardly.

For the return on net tangible assets (RONTA), look for one with at least 20%.

Use the formula;
RONTA = Net Income / Net Tangible Assets

To find the [b]Net Tangible Asset [/b]use;
Total Assets (-) Total Liabilities (-) Intangible Assets

Thanks!

...

BabsO2:
OANDO



Already on full bid with max daily gain. No offers on the floor for sale at the moment. That's how optimisim springs up once court date is nearing. Time for this case to be struck out joor.

I doubt oando will be delisted

thebargainhunte:


I doubt oando will be delisted

I bet it will not be delisted.
Rather it will start paying dividends by next year latest. Will not be surprised if we even get a dividend this year.

BabsO2:


I bet it will not be delisted.
Rather it will start paying dividends by next year latest. Will not be surprised if we even get a dividend this year.

If he wanted, he would have done it long time ago the way Ardova did. I think he needed the drama to tidy the results up. You might not be far from the truth, he wanted to turn a new leave now. Oando remains a stock to watch, but one has to know dinning with Oando is like dinning with the ....

ndept:
@yMcy56 where your comments. I have told you to stop cooking beans in the morning of a market day

Lol.
I dey market o, everything happening so fast when market opens.......
Pat on the back of UBA/ZEE
Scolding for GT
.....but las las, everyone go calm down...

Serious accumulation ongoing in TRANSCORP @13/13.05......
OANDO on full bid @12.55......
ACCESS/UCAP marked down today...

thebargainhunte:


If he wanted, he would have done it long time ago the way Ardova did. I think he needed the drama to tidy the results up. You might not be far from the truth, he wanted to turn a new leave now. Oando remains a stock to watch, but one has to know dinning with Oando is like dinning with the ....

"I think he needed the drama to tidy the results up" == in hindisght (20/20), this is looking more like the intention.


"You might not be far from the truth, he wanted to turn a new leave now"== i would not bet on this, i would rather say my goals are aligned with his. the day that goals does not align again you would really understand that he has not turn any new leave (or tree)

WT like most (if not all) Nigeria big man are driven by ego (forbes thing e.t.c.) so you can be rest assured since they are in government that would be on his top radar also. so Oando might not be going anywhere, might even witness a lot of pumping once the AFS are sound enough i.e. post release of AFS for 2022 and 2023 FY

( i am seeing/dreaming something like the AP / Otedola saga from sub 10 to over 300)

ndept:
You are not alone here. I should have sold some DS when it was N59 last week and re-enter at below N53 maybe tomorrow. Anyway all is well. At last patience will be key.

SUGAR/SALT's time is also coming too.....
Hope SEC won't frustraste people before the time comes..

yMcy56:

Lol.
I dey market o, everything happening so fast when market opens.......
Pat on the back of UBA/ZEE
Scolding for GT
.....but las las, everyone go calm down...

Serious accumulation ongoing in TRANSCORP......
OANDO on full bid @12.55......

This na ordinary full bid.
We want to go extra-ordinary this time.
All eyes on oando now.....

chipa:


Can this be done for the 5 fugaz banks? Thanks

FBNH's audited results is not yet out. But UBA has been added.

Image credits to @rufyb on X.

Locotrader:
This na ordinary full bid.
We want to go extra-ordinary this time.
All eyes on oando now.....

So, you self don join us for OANDO matter.
The bulletin says the 2022 FYE report has been finalized......
2023 to be submitted on/before July 31st....
Court case in-between next week 17th....
Make we still dey watch.....

https://doclib.ngxgroup.com/Financial_NewsDocs/40881_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_APRIL_2024.pdf

yMcy56:

I think Mr. Market just have a way of placing these stocks in their respective positions......but, looking at this comparison, I think ACCESS is grossly undervalued compared to the prices of GT and ZEE.

If only we can see UBA and FBNH on the table as well.

Thanks for this table. Very informative.

ACCESS' undervaluation may be linked to its expansion spree which has entailed buying off underperforming entities. That carries some risks which investors will naturally price in.

However, I recall pre-expansion(including Diamond Bank acquisition), Access used to be one of the most efficient banks. Long term investors need to closely monitor how they bring that traditional efficiency to bear on the acquisitions outside Nigeria. ACCESS looks like a long-term gold mine. Risky play. But the risks are not life-threatening. They are more of "opportunity-cost" risks.

thebargainhunte:


If he wanted, he would have done it long time ago the way Ardova did. I think he needed the drama to tidy the results up. You might not be far from the truth, he wanted to turn a new leave now. Oando remains a stock to watch, but one has to know dinning with Oando is like dinning with the ....

Looking more and more like he needed the drama to tidy things up and come out bragging of the turnaround he has led. Could see the bragging already started in the November 2023 AGM The air around him in that AGM suggests he would love the good limelight and not a boring delisted operation. Though he can still achieve limelight by SM even if he delists - dinning with the ......

See dumping of Zenith bank shares, wow 67million units

dapix:
See dumping of Zenith bank shares, wow 67million units

It's cross deals at bargain price not dumping......that's my opinion though..... and what it looks like..

Despite the "punishment" for GTCo, heavy cross deals are still ongoing....

Some hefty cross deals in ZENITH @39/39+ too....

The 67M+ units costs N2.6bn only

yMcy56:

It's cross deals at bargain price not dumping......that's my opinion though..... and what it looks like..

Despite the "punishment" for GTCo, heavy cross deals are still ongoing....

Some hefty cross deals in ZENITH @39/39+ too....

Price dey go down you say no be dumping

robobo:


"I think he needed the drama to tidy the results up" == in hindisght (20/20), this is looking more like the intention.

( i am seeing/dreaming something like the AP / Otedola saga from sub 10 to over 300)

That will be a lovely thing if it happens
But make him stay up like SEPLAT and not fall back like AP
Make him embrace quarterly dividends like global oil companies that SEPLAT has emulated.

Agbalowomeri:

Price dey go down you say no be dumping

Ok no vex sir.
It's because of the 67.2M cross deals I said that, it was even more than that.......since it was done off market. Reason I said it was my opinion..

Transcorp on full bid.

Is anything happening?

TRANSCORP on full bid oooo....sis McY56 any information??