ositadima1:
Does Monkey Go to School ?

@nnadengram






Dengram we sing to you
Lux fiat
Dengram we bring to you
Faith untold
You challenge and inspire
Your hope is our desire
We sing to you
Our Alma mater
Lux fiat!

Show the light! I rep amaka boys.

Summarize for us naa. The document they hang for 62.58kb/604.61kb.

KayOn1:


Cut wetin for DS - losses? If they open that 43.20 door at this point, ...
I REST MY CASE.
They better wait o till the market picks up a bit after some good Q1 results are released.

There are situations where even exiting isn't possible. But, I'll advise those inside to keep an eye on the fundamentals as chances of it getting battered more than normal is high once the prices start moving.

I don't have either in my portfolio.

All the best to those in the DS/Nascon buses.

Locotrader:
Na waoh

https://doclib.ngxgroup.com/Financial_NewsDocs/41009_CHAMS_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Summarize for us naa. The document they hang for 62.58kb/604.61kb and my network is not slow.

ositadima1:


What the heck are you saying, my friend? What is the certainty in that champion brewery that you have been parading here?

You see hope that the price may go up if XYZ happens, the same way people in DS/NS saw hope when they heard about the merger. If you claim that the merger would not have sent DS/NS flying upward, then I don't think you are a good investor either.

Now, the merger is on pause, not canceled, pending when the issues holding it back get cleared. I understand Dangote is quite busy with his refinery, which is why he hasn't pushed this one further. I can assure you that I haven't seen a project of this magnitude abandoned by Dangote; the rice mill will come, as he has invested quite a lot. The merger will happen; it is not a matter of hope, it is a matter of when.

So, don't talk as if you know what the market will do next, besides hoping that your permutation is right. If you were a pro, we would know...

There is neither certainty in Champion Brewery nor in life itself..... That is why i only risked 10% of my portfolio in ChampBrew and i will not come on Nairaland to lament or cry like a baby if things go south. For the record, i have never encouraged or asked anyone to invest in ChampBrew. All i do here is discuss the upsides or downsides of companies.......while waiting to drink the tears of NS/DS. I have zero emotions to your losses or gains on the NGX.

If for instance anyone here on NSEMPA gets involved in an accident tomorrow, i can console you, pray and contribute for your treatment. But if you lose money for NGX, i will drink your tears and cherrypick your stocks like NS/DS with zero emotions attached. I no get strength or time to read the book of Lamentations. That is the game we signed up for.

BullBearMkt:

...good talk! While FA means a lot to you, Technical Analysis, Sentiment Analysis, Spiritual Analysis; all mean a lot to some other people. That's why it's not good to talk down other people's opinion (or analysis) because you might not be privy to the knowledge at their disposal.

Own yours and move on. No man has the monopoly of knowledge

I'm sorry if it appears I am talking down anyone's analysis. FA and TA also work together. TA works more for short termers and for better targeting entry for medium to long termers.

My last post was meant to address sentimental attachments to stocks. Once again, I'm sorry for any offense it may have caused.

KayOn1:


Summarize for us naa. The document they hang for 62.58kb/604.61kb and my network is not slow.

I don create enemies for myself this time.
I dey dodge my head for stones.
Chams na streetinvestor2 bus too.
They wan use TAX destroy the #5 bus

Choiceguy:


The only thing Oando needs now to appreciate in price is the issues of delist, once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

If the acquisition of NAOC by Oando becomes successful and finalized, Oando would have proven oil reserves of about 1billion barrels. At a very conservative estimate of USD50 per barrel, that gives USD50billion. Even if only 50% of that is recoverable, that makes it USD25billion.
At a conservative rate of N1000/USD, that is N25 Trillion naira! The total indebtedness of Oando is far less than that, so there is HUGE potential in Oando. The short-term may be very challenging but the long term prospect is very bright! But for those who don't mind buying and waiting

Locotrader:
Na waoh

https://doclib.ngxgroup.com/Financial_NewsDocs/41009_CHAMS_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

The result is not bad.

Locotrader:


I don't create enemies for myself.
I dey dodge my head for stones.
Champs na streetinvestor2 bus too

Enemies ke? Screenshot the FS and post. Unable to download from my end. It is crashing my Chrome OS. Even NCR dey hang for road. Haba.

ndept:
I need you to just say amen to the prayer first in order for you to judge your conscience. Even Otedola, Elumelu etc will not make that statement you made in public forum. The NGX is not all about someone loosing before you make it. If you must know, there is always a win-win situation most atimes. When you buy stock, make some money and hand over to another set to make their money too. Some bought UBA @ N5 and sold at N12 to others who are still holding/have sold at current price of N23. Not necessarily praying for people to loose money for you to profit from their lost.

The last time I check, your name is not agbalowomeri , I would have understand your position. I come in peace sha.

This is not the reality in NGX or any stock market for that matter. There are always ups and downs.

I'll just leave it at that because tensions are already running high.

Peace to the house.

OBAGADAFFI:


The result is not bad.

I am after where the price is going.
Smart investors look at figures.
The figure is not encouraging or justifying the price at #2.
They need to explain the tax they paid.

[quote author=Locotrader post=129630487]Loco and 222martins will be roasted when the local champions report or update fails.
Chai....I go enter guest mode.[quote]

Enter guest mode for who exactly? I laugh

KayOn1:


Enemies ke? Screenshot the FS and post. Unable to download from my end. It is crashing my Chrome OS. Even NCR dey hang for road. Haba.

No worry to open NCR.
You will not like what you will see.

This one below is chams page

Locotrader:

Many thanks. 🙏

Personally, I do not think the result is bad but if the market reacts negatively to the result, the better. For me, It is a good buy at current price, a whole lot better if it goes south a few notches more.

DD advised as alwayZ!

Locotrader:


No worry to open NCR.
You will not like what you will see.

This one below is chams page

Bros, 25% of my portfolio has been moved to a JIJO account so I buy and sell all Ngx stocks that meet my trading criteria.

KayOn1:


Bros, 25% of my portfolio has been moved to a JIJO account so I buy and sell all Ngx stocks that meet my trading criteria.

No stock at NSE worth holding for long.

I am only following champion for nyash because if e no poo,e go vomit.Thats the only interest.
Once it menses up,e go collect wotowoto from me.

Locotrader:


No stock at NSE worth holding for long.

I am only following champion for nyash because if e no poo,e go vomit.Thats the only interest.
Once it menses up,e go collect wotowoto from me.

NAHCO is a good one to hold long term. It is one stock I still regret selling till today eventhough I made a significant profit from it.

This submission is relative (although you did not specify how long you meant).

TRANSCORP is a very good example...

Locotrader:


No stock at NSE worth holding for long.

I am only following champion for nyash because if e no poo,e go vomit.Thats the only interest.
Once it menses up,e go collect wotowoto from me.

Choiceguy:


The only thing Oando needs now to appreciate in price is the issues of delist,once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

Delisting aside. Also finance costs aside Oando needs to show operations with stronger margins. The 2022FY conveyed an extremely high revenue as revenue jumped from N805b to N1,993 billion. A rise of 148%. But cost of sales jumped up at a faster rate of 151% and nearly wiped out the whole revenue. Oando achieved a 4% Gross profit in 2022. While Seplat had a gross profit of 49% in 2022. Gross profit is before any finance cost is deducted. The Gross Profit is unusually low in the last two annual reports released.

mikeapollo:


Anything can still happen in Oando, either good or bad!
We all are taking risks in the market. The higher the risks, the bigger the rewards, all things being equal (although all things are rarely equal). Lol.

The boardroom squabbles that rocked the company for many years and its battles with the SEC are majorly responsible for most of the current challenges the company is facing today.
This could even make it very difficult for Oando to get any sympathy or smooth deal if they should approach the SEC with a ridiculous offer price for the proposed delisting. The SEC could use it as opportunity to rein in and deal with Oando (all things being equal).
But generally, the company seems to be overcoming its challenges, one step after the other.
Nobody expected it to be able to acquire Conoco Philips, NAOC, settle aggrieved shareholders for USD600m, and obtain a USD800m facility from Africa EXIM Bank.
Also remember the current president is related to Oando CEO. This could bring in potential bigger deals.

As regards funding, it would not be too difficult to attract the required funds if Wale Tinubu would be willing to shed some of his control and let others buy more of the company's shares. For instance, if a person like Otedola or Elumelu should enter Oando now, everything go change overnight!

Anyhow, anyhow, those staying with Oando know what they are about, and those jumping the ship also know what they are doing. Each Mallam with his kettle!

SEC chairman has been changed recently.
I hope its not what I am thinking.
Like changing INEC chairman prior to election...

Choiceguy:


The only thing Oando needs now to appreciate in price is the issues of delist,once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

Court Ruling does not necessarily end a court case.

sky2891:

SEC chairman has been changed recently.
I hope its not what I am thinking.
Like changing INEC chairman prior to election...

Your brain is working too fast; Lol.
Abeg, let us allow Oando breathe small!
Wale must be tired and exhausted by now if he were to be on this platform

sky2891:

Court Ruling does not necessarily end a court case.

Depending on the type of ruling. Some rulings do.

Mpeace:
Depending on the type of ruling. Some rulings do.

Right.... that's why I used the word ''NECESSARILY ''

BabsO2:


Delisting aside. Also finance costs aside Oando needs to show operations with stronger margins. The 2022FY conveyed an extremely high revenue as revenue jumped from N805b to N1,993 billion. A rise of 148%. But cost of sales jumped up at a faster rate of 151% and nearly wiped out the whole revenue. Oando achieved a 4% Gross profit in 2022. While Seplat had a gross profit of 49% in 2022. Gross profit is before any finance cost is deducted. The Gross Profit is unusually low in the last two annual reports released.

This is a very good observation. Seplat show a full disclosure of what make up it cost of sales, i am still looking for what make up the cost of sales of N1.9 trillion for Oando.

mikeapollo:


If the acquisition of NAOC by Oando becomes successful and finalized, Oando would have proven oil reserves of about 1billion barrels. At a very conservative estimate of USD50 per barrel, that gives USD50billion. Even if only 50% of that is recoverable, that makes it USD25billion.
At a conservative rate of N1000/USD, that is N25 Trillion naira! The total indebtedness of Oando is far less than that, so there is HUGE potential in Oando. The short-term may be very challenging but the long term prospect is very bright! But for those who don't mind buying and waiting

Even wale have hinted in the last meeting that he is not delisting Oando,I watched the video when he was asked when he will resume payment of dividends,he answered soon. 😀

Lux Fiat!

ositadima1:
Does Monkey Go to School ?

@nnadengram






Dengram we sing to you
Lux fiat
Dengram we bring to you
Faith untold
You challenge and inspire
Your hope is our desire
We sing to you
Our Alma mater
Lux fiat!

222Martins:
Na laugh i just dey laugh you .........When jungle mature, all animals will know their level... I no be like una wey dey change moniker like pant to hide una identity. For now, make we dey enjoy the mask of our moniker.

But what i will not fail to do is to drink your tears in NS/DS when the price falls.........No matter how pained and bittered you are, no emotions in business and investing.

Your type have nothing to offer me when it comes to investment on nse.And for level when I see one I know.
I will rather put my money many times in DS than try it with champion. Ds can declare loss but not the possibility of closing shop like champion. Do you know what it means for a brewery to be running one production line for all its products....when you dey street you must get sense

Locotrader:


You mean Martins222 is Loco?
Same Loco attacked martins222 sometime ago about one trading he did and alerted us here about it

No need for any attack bro.what has happened has happened.We can only wait for some updates and damage control things

Post whr I mention your name join the moniker
Why e dey pain you say I talk truth about a company I follow they do business with.
Champion is not the first company I have said NO

Locotrader:


I don create enemies for myself this time.
I dey dodge my head for stones.
Chams na streetinvestor2 bus too.
They wan use TAX destroy the #5 bus

Thank God you remember I said yes to chams and put 10 yrs horizon on it.
Then on your dearling japaul you remember we had fight concerning it.You only accepted the truth after you had offloaded and made a kill. Your warning came after you have dumped it on mugu.So I will not accept that as warning my bro but I understand. If mugu no fall guy man no go chop
I am highly surprised you are now advocate of fundamentals of a company. Is it because you don hammer and scared of taking risk not to loss the hammered cash....u na my guy sha
Ur first attack on me na for dangota cement that yr lol