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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11376203 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 10:00am On Jul 31 |
Ding ![]() ![]() ![]() 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:02am On Jul 31 |
![]() Mankind2024: |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:06am On Jul 31 |
Looks like smart money is moving out of Oando in early trades. |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 10:08am On Jul 31 |
@currentprice good morning o. The DS entry price you predicted is already here o. Be like I go wait some more make e enter sub 30 before I enter |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:08am On Jul 31 |
Based on the H1 financial statements for Dangote Sugar Refinery Plc, here's an analysis with insights, recommendations, projections, and an opinion on whether to hold, sell or buy: Key Insights: 1. Revenue Growth: The company has shown strong revenue growth, with H1 2024 revenue of N295.6 billion, up 45.8% from N202.8 billion in H1 2023. 2. Profitability Concerns: Despite revenue growth, the company has swung to significant losses. Net loss for H1 2024 was N144 billion, compared to a loss of N28 billion in H1 2023. 3. High Finance Costs: The main driver of losses appears to be extremely high finance costs, which jumped to N234.2 billion in H1 2024 from N90.7 billion in H1 2023. 4. Negative Equity: As of June 30, 2024, the company has negative equity of N64.8 billion, indicating significant financial distress. 5. Liquidity Issues: While cash and cash equivalents remain substantial at N183.1 billion, current liabilities far exceed current assets, suggesting potential liquidity problems. Recommendations: 1. Debt Restructuring: The company urgently needs to address its high finance costs. Management should consider restructuring its debt or exploring alternative financing options. 2. Cost Management: While revenue has grown, cost of sales has grown at a faster rate. The company should focus on improving operational efficiency and reducing costs. 3. Working Capital Management: There's a need to improve working capital management, particularly in terms of inventory and receivables. 4. Capital Injection: Given the negative equity position, the company may need to consider raising additional capital to strengthen its balance sheet. 5. Diversification: To reduce risk, the company could explore diversifying its product range or expanding into new markets. Projections: Given the current trajectory, without significant changes: 1. Revenue: Likely to continue growing, potentially reaching N500-550 billion for full year 2024. 2. Profitability: Losses may continue or even widen if finance costs aren't addressed. 3. Liquidity: May face increasing liquidity pressure, potentially leading to difficulty meeting short-term obligations. Opinion on Hold/Sell/Buy: Given the significant financial distress indicated by these results, my recommendation would be to SELL. Rationale: 1. The company has swung to substantial losses. 2. Negative equity indicates severe financial distress. 3. High finance costs are eroding any operational gains. 4. There are potential liquidity issues on the horizon. However, it's important to note that this recommendation comes with caveats: 1. The sugar industry in Nigeria has high barriers to entry and Dangote Sugar is a major player. 2. If the company can successfully restructure its debt and reduce finance costs, it could potentially turn around quickly. 3. The strong revenue growth suggests underlying demand for the company's products remains strong. For existing shareholders, holding might be considered if they have a high risk tolerance and believe in the company's ability to turn around its financial situation. For potential new investors, it would be prudent to wait for signs of financial stabilization before considering a purchase. As always, this analysis is based on the financial statements and general market knowledge. Investors should conduct their own due diligence and consider their individual financial situations and risk tolerance before making investment decisions. 9 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 10:10am On Jul 31 |
Mark this: Oando profit takers will struggle to join a moving train. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:11am On Jul 31 |
Raider76: Let them move out. I want the price to drop further so I can buy more. For me, Oando is more of a long term deal. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:13am On Jul 31 |
OANDO Pullback earlier.......down to 23.30 or so...... It's back @25.95..... With bids increasing.... |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 10:15am On Jul 31 |
ProphetUtuocha: We know.. just drop new jewel |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 10:16am On Jul 31 |
The haircut of DS and NS ehn, person fit go bald o ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:16am On Jul 31 |
Ginalex: I'm looking at that DS too |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 10:17am On Jul 31 |
yMcy56: I checked online and saw 26.90 |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:24am On Jul 31 |
UCAP trend reversing up. Let's see where it will close. Today is qualification 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:27am On Jul 31 |
onegentleguy: After the outline ride from N1.4 to N4, another window of opportunity will soon be here. ...it should pay to bank with JAIZ. ![]() ![]() CAVEAT: Not an investment advice. Due diligence still applies as always. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 10:30am On Jul 31 |
onegentleguy: Any update on Dangote sugar ? ![]() ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:30am On Jul 31 |
megawealth01:I think the loss has already been factored into the price..... No heavy offer so far.......MM may come to stabilize it Let's see how it goes.... |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:33am On Jul 31 |
SonofElElyonRet:It opened @26.90.... Pullback came in-between.....and is currently reversing back up....and is presently at 25.70 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 10:35am On Jul 31 |
yMcy56:Ok thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:37am On Jul 31 |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:38am On Jul 31 |
Now that you are seeing oando offer be listening to yeye noise. It is when it hit #30 your eyes again will clear. They should tell you the fundamentals that move transcorp hotel and ote power to the present price I am buying tomorrow because the money I am expecting will be available tomorrow 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 10:40am On Jul 31 |
SonofElElyonRet:see He has already been recognize as NSEMpa prophet. Let him just bring new prophesy. And leave the past ones!! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:41am On Jul 31 |
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 10:42am On Jul 31 |
KarlTom: Has the company submitted its merger documents to the Securities and Exchange Commission (SEC) for review and approval? |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:44am On Jul 31 |
onegentleguy: So DS has just released a bad financial print largely driven by finance cost and to a lower degree, input cost. But then again... My students should be able to fully comprehend what's playing out here and how to take advantage of it. ![]() ![]() Some folks still do.not understand how the price of an asset tend to mirror sector events from the macroeconomic end and PRICE IN the IMPACT of these events ahead of time. As is often the case, many will be carried away until they miss out on a fascinating prospect/opportunity. DS/NASCON. Anyway, a TA/position trader should know... I can not come and go and come and kill myself for nothing. ![]() ![]() ![]() It is well 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:45am On Jul 31 |
No info on that yet... ![]() Zegra: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:48am On Jul 31 |
onegentleguy: You are doing well |
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 10:49am On Jul 31 |
MTN NIGERIA Q2 2024 https://doclib.ngxgroup.com/Financial_NewsDocs/41930_MTN_NIGERIA_COMMUNICATIONS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf UNIVERSAL INSURANCE Q1 https://doclib.ngxgroup.com/Financial_NewsDocs/41931_UNIVERSAL_INSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf UNIVERSAL INSURANCE Q2 https://doclib.ngxgroup.com/Financial_NewsDocs/41937_UNIVERSAL_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf OMATEK VENTURES https://doclib.ngxgroup.com/Financial_NewsDocs/41934_OMATEK_VENTURES_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf CAVERTON https://doclib.ngxgroup.com/Financial_NewsDocs/41940_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf JULI PLC https://doclib.ngxgroup.com/Financial_NewsDocs/41942_JULI_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:51am On Jul 31 |
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Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 11:00am On Jul 31 |
Krisuba: Seconded ! |
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 11:00am On Jul 31 |
SonofElElyonRet: I was shocked when I saw it back to 27 but no regrets 100% made on my little units...am out 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:05am On Jul 31 |
![]() ojeysky: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:08am On Jul 31 |
Time to Sit back. Relax. Enjoy your gains... ![]() ojeysky: 1 Like |
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