courage89:


I want to believe the primary reason for Presco’s bumper harvest is due to devaluation of Naira. What’s your estimate for Presco assuming Naira revalues to sub 1000 naira in the next 3-4 years?

GeeKudi:
Hello billionaire!
What are the stocks in your portfolio?

zendi:

Come SpaceX, Why is it difficult to get to you, l have been pleading and asking for you all year round? Please grant me five minute of your time.

SpaceX:
I usually don't like to Bragg about my social status in fact i have never done that except for folks here who prefer to address me as such. Anyways, my portfolio are usually well refined and well search sophisticated picks that only guarantees maximum profit I will find time to show you later today, I'm on some privately owned island with my family having a good time decompressing with premium wine and cigers.

emmanuelewumi:



Okomu nko? After all both of them are doing the same business

SpaceX:
I usually don't like to Bragg about my social status in fact i have never done that except for folks here who prefer to address me as such. Anyways, my portfolio are usually well refined and well search sophisticated picks that only guarantees maximum profit I will find time to show you later today, I'm on some privately owned island with my family having a good time decompressing with premium wine and cigers.

Streetinvestor2:
I know okomu was doing better than presco. How did they turn the table around. I remember ogg having preference for presco over okomu but I did not believe it

SpaceX:
I'm in dire need of help. I often find myself thinking that I'm the person Elon Musk depends on for his daily bread. Yet when I return to some semblance of sanity, I find myself still begging for data.

veecovee:


Chaii your wife don suffer

Coolcash1:
Chams! I gallant inside the bus...let's go.

Mpeace:
I left my Totalenergies upon seeing their result and ported to presco immediately. Not that Totalenergies didn't to well, just that I wasn't really impressed.
Chams did well but not that well. Its not late to try other options.
Don't let too much emotions lead you to miss out on good dividends this season like "Dangfoods" did to some of us last year.

Coolcash1:
Chams! I gallant inside the bus...let's go.

Mpeace:
I left my Totalenergies upon seeing their result and ported to presco immediately. Not that Totalenergies didn't to well, just that I wasn't really impressed.
Chams did well but not that well. Its not late to try other options.
[b]Don't let too much emotions lead you to miss out on good dividends this season like "Dangfoods" [/b]did to some of us last year.

Locotrader:


Chams move is not by this result.
This result is only but eye opener to the smart ones.You can only see 80-100% profit with this result.
Wait for some news that will drive the price to N15 in the next 12 months.Chams is now open for hundreds of million dollar investments.

SpaceX:
I usually don't like to Bragg about my social status in fact i have never done that except for folks here who prefer to address me as such. Anyways, my portfolio are usually well refined and well search sophisticated picks that only guarantees maximum profit I will find time to show you later today, I'm on some privately owned island with my family having a good time decompressing with premium wine and cigers.

zendi:
Forumites should understand that deranged SpaceX hacked my post above and put false words in it, and I hacked his' back, and put the true words in his mouth.

SonofElElyonRet:



You SpaceX me, I Zendi you

chimex38:

https://www.thecable.ng/cbn-approves-cfa-for-repatriation-of-export-proceeds/

My understanding
African countries with CFA franc don't need to source for dollars to pay for our exports.
It is officially a foreign exchange tradable currency for Nigeria by CBN inaddition to dollar, Pounds, Euro and now Chinese yuan.

Streetinvestor2:
Na watin make them wan do kolabo with IGP.The police na them wan market 3rd part insurance this year for them as many naija dey use fake ones..lol

essentialone:
DAAR COMMUNICATIONS PLC REPORTS EARNINGS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2024
Daar Communications Plc reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported sales was NGN 2,103.46 million compared to NGN 1,316.95 million a year ago. Net loss was NGN 889.09 million compared to NGN 808.27 million a year ago. Basic loss per share from continuing operations was NGN 0.11 compared to NGN 0.1 a year ago.
For the full year, Sales was NGN 4,991.93 million compared to NGN 4,510.34 million a year ago. Net loss was NGN 2,870.81 million compared to NGN 1,509.03 million a year ago.

faoogoke:
As many as are hoping on palm oil producing companies, PRESCO, OKUMO and ELLAH LAKES.

As they expand their farms and with increase planting from small scale holders the possibility of a glut should be factored.

essentialone:
There is one very wrong thing that most stockbroking firms do. When you previously have 1,000 units of Stock A at the Cost Price of N1.00 and you later buy same just 10 units of same Stock A, when the price is now N2.00, they just add up the 2 prices and give you a new Average Cost of N1.50 Am I the only one that sees this practice as being very wrong?

unite4real:


Why do you think that palm oil export is banned in Nigeria.
We are not producing enough. If it's easy to jump into the business and create a glut, Ellhlakes would have started producing. It takes time. It's not like maize or rice farming.

The moment Nigeria becomes self sufficient, the PRESCO will make more money because they will start exporting.

Palm oil that some countries are already using as bio fuel. Many industries need it. Examples are pharmaceutical companies, cosmetics, personal care (soaps, shampoos, lotions), food industries, lubricants, surfactants, animal feeds, paper and packaging. Not to talk of our daily cooking.

It will outlive crude oil.

emmanuelewumi:
PRESCO

Comparing 2024 performance with 2023 performance

Revenue N198 billion against N102 billion

Gross profit N135 billion against N65 billion

Operating profit N138 billion against N59 billion

Net Operating profit after tax N114 billion against N33 billion

Profit after tax N104 billion against N33 billion

Equity N172 billion against N59 billion

Invested Capital N233 billion against N127 billion

Capital Employed N249 billion against N134 billion

Operating cash flow N129 billion against N33 billion

Free Cash flow N62 billion against N20 billion

Return on Capital Employed 55% against 44%

Return on Invested Capital 49% against 33%

Return on Equity 60% against 57%

Cash Flow Return on investment 52% against 25%

Cash Return on Invested Capital 27% against 16%

Working Capital N14.6 billion against N28.5 billion

Gross Margin 68% against 64%

Operating margin 69% against 58%

Net margin 52% against 32%

Operating Cash flow margin 65% against 32%

Free cash flow margin 31% against 20%

Debt/Operating profit 0.44 years against 1.18 years

GeneralDae:

This is a strategic one. It could be a strategy to formalise the informal cross border trades and reduce this fight for conversion to more expensive dollars. Those from Niger, Benin, and Chad who live in Nigeria and want to trade goods can easily transfer their CFA to Banks without hustling for more expensive dollars from the BDC’s.

Streetinvestor2:
I know okomu was doing better than presco. How did they turn the table around. I remember ogg having preference for presco over okomu but I did not believe it

courage89:


I want to believe the primary reason for Presco’s bumper harvest is due to devaluation of Naira. What’s your estimate for Presco assuming Naira revalues to sub 1000 naira in the next 3-4 years?