Bianco1:


Not surprised that Stanbic is there - I hope they are able to shake things up - UACN/LIVESTOCK!

There is value in the company, they only need entrepreneurial and street smart managers at UACN.

Seems that the Mr Biggs brand is dead

emmanuelewumi:



There is value in the company, they only need entrepreneurial and street smart managers at UACN.

Who are the Corporate raiders in " corporate Nigeria".

If the Institutional investors, insurance companies, pension fund managers, mutual fund managers etc had joined forces together and done the needful Wale and his goons who not have raped Oando and brought her to her knees.

rebekah2011:
Seems that the Mr Biggs brand is dead

Not really, i usually have my lunch in the one at Marina or Broad Street whenever I am in Lagos island, but the brand needs to be relaunched and repositioned.

CAP plc and Portland paint plc should be merged, Grand cereals and oil and Livestock feeds should be merged.

Grand cereals and oil is not quoted but it is highly profitable, making profit after tax in the region of billions.

Stanbic IBTC can act as the financial adviser, these and many more were the suggestions I wanted to make at the AGM.

Chibuking81:

It also involve buying and selling. There is increase, i.e more gain accrue to the participating companies.

In this price regulated environment for petrol, with subsidy and all the issues around it not being paid on time, i am still trying to understand how the advantage of increasing oil prices will play out. Eterna is a player in the downstream sector so i imagine the "lifting" in question is petrol.

To start with, going from news item, only NNPC still find it attractive to import petrol to the country and distributes to others. This is because of the high cost and unwillingness by the majors or independents to import.

If you take time to go through the financials of mrs, forte oil, conoil, the quarterly rev and profitability appear to be declining since oil prices started rising. Now i don't know if that corelation is real but it is worth testing.

Having said that, i think Eterna still has some way to go in share price increase but for other "reasons" that i am still studying and trying to grasp, rather than increase in international crude oil prices.

emmanuelewumi:
Who are the Corporate raiders in " corporate Nigeria".

If the Institutional investors, insurance companies, pension fund managers, mutual fund managers etc had joined forces together and done the needful Wale and his goons who not have raped Oando and brought her to her knees.

Bra, I agree with your submission, same thing happened to Nigeria politically, what were the legislooters and federal xter commission doing when jubril northernised the NA,NAF,DSS,NIS, NPS,NDLEA,NCS,NIA,NPF ETC
SAME TIN HAPPENED TO THE WATCH DOGS......THEY ARE SIMPLY TOOTHLESS

Nairaruky:

Bra, I agree with your submission, same thing happened to Nigeria politically, what were the legislooters and federal xter commission doing when jubril northernised the NA,NAF,DSS,NIS, NPS,NDLEA,NCS,NIA,NPF ETC
SAME TIN HAPPENED TO THE WATCH DOGS......THEY ARE SIMPLY TOOTHLESS

Corporate raiders will make management to sit up, which will be to the benefits of retail investors on the long run.
Those new guys at UACN most have been secretly buying those shares through multiple stock accounts and cross deals over the years.

But Carlyle Group has been in Diamond bank since and I cannot see any difference. Nigerian Managers have found a way to pollute their foreign partners. That is even if the foreign guys are not crooks themselves.

emmanuelewumi:




Corporate raiders will make management to sit up, which will be to the benefits of retail investors on the long run.
Those new guys at UACN most have been secretly buying those shares through multiple stock accounts and cross deals over the years.

rebekah2011:
But Carlyle Group has been in Diamond bank since and I cannot see any difference. Nigerian Managers have found a way to pollute their foreign partners. That is even if the foreign guys are not crooks themselves.

Those foreigners are overrated.
They can also go wrong.

Tony Elumelu was a corporate raider, who preyed on UBA.

Aig Imoukhuode tried it with Union Bank and later with Afribank but the management of the company were able to challenge the attack from Aig.

Rather than using the resources of Union Bank and Afribank to turnaround the fortunes of the banks, management was using the resources to wade of attacks from corporate raiders.

Where is Union Bank and Afribank as we speak, these were banks the used to belong to the elite group of the top 5 banks in Nigeria.

The best and easiest way to wade off attacks from corporate raiders is to deliver superior returns to shareholders and investors.

I need to read this book again" it is not the big that eats the small, but it is the fast that eats the slow".

rebekah2011:
But Carlyle Group has been in Diamond bank since and I cannot see any difference. Nigerian Managers have found a way to pollute their foreign partners. That is even if the foreign guys are not crooks themselves.

How long have them spent in the company? Have they spent up to 4 years in the company? How much did they buy the shares of Diamond bank?

Are they foreign portfolio investors in company or foreign direct investors in the company? Are they represented on the board of Diamond bank? If they foreign portfolio investors, are you sure they have not secretly exited?

Just asking.

pluto09:



Those foreigners are overrated.
They can also go wrong.

You need to know the difference between foreign portfolio investors and foreign direct investors.

You also need to know the aims of the investors, and how long the investor wants to be fully invested in the company.

There is limit to how foreigners can play in the banking sector in Nigeria. If they are setting up a new bank, no problem but if they are buying into existing banks, there are too many hurdles to cross

emmanuelewumi:


You need to know the difference between foreign portfolio investors and foreign direct investors.

You also need to know the aims of the investors, and how long the investor wants to be fully invested in the company.

Seplat Lists Additional 25m Shares on Nigerian Stock Exchange
https://www.businesspost.ng/2018/02/02/seplat-lists-additional-25m-shares-nigerian-stock-exchange/

rebekah2011:
There is limit to how foreigners can play in the banking sector in Nigeria. If they are setting up a new bank, no problem but if they are buying into existing banks, there are too many hurdles to cross

It is easier for Foreigners buying into existing bank, than setting-up new Bank.

OBAGADAFFI:


It is easier for Foreigners buying into existing bank, than setting-up new Bank.

Eg Stanbic IBTC

Agbalowomeri:


If there is an increase in lifting operations

Increase in crude oil price does not translates to increase in 'lifting' operations EXCEPT there is an increase in the quantity being produced.

Again, it is good for people to understand how VALUE is created in the Companies they are buying so that they will know when they are being fed with cock and bull stories.

Chibuking81:

It also involve buying and selling. There is increase, i.e more gain accrue to the participating companies.
https://www./process-buying-nnpc-off-opec-nigerian-crude-oil-gabrich-global

If you read the link you posted, you will notice that lifting contracts is such that there is a 'fixed margin' hence independent of Oil price.

TLAX:


In this price regulated environment for petrol, with subsidy and all the issues around it not being paid on time, i am still trying to understand how the advantage of increasing oil prices will play out. Eterna is a player in the downstream sector so i imagine the "lifting" in question is petrol.

To start with, going from news item, only NNPC still find it attractive to import petrol to the country and distributes to others. This is because of the high cost and unwillingness by the majors or independents to import.

If you take time to go through the financials of mrs, forte oil, conoil, the quarterly rev and profitability appear to be declining since oil prices started rising. Now i don't know if that corelation is real but it is worth testing.

Having said that, i think Eterna still has some way to go in share price increase but for other "reasons" that i am still studying and trying to grasp, rather than increase in international crude oil prices.

You are correct. The majors are not doing as much business as before since they are only collecting PMS from NNPC to sell since only NNPC is importing. So they are left ONLY with marketers margin which is more or less fixed. That will impact the profitability of those oil marketing companies.

Some of them are diverting or selling to the Independent marketers at 'higher' prices hence why in most towns you don't get fuel to buy at N145.

Eterna Oil has an advantage in its lubricant business where it is in partnership with Castro

rebekah2011:
Seems that the Mr Biggs brand is dead

One just closed down along Ogudu road.

emmanuelewumi:



Eg Stanbic IBTC

Yes.

wanaj0:


How will someone with a 'lifting contract' benefits from the increase in the price of crude oil? Where is the link?

Lifting contract for oil for now does not translate into profit for companies, unless the government increase the price of petroleum product officially. Even, NNPC has been incurring a lot of debt over this landing cost palaver for a while. As at last week, I learnt their account is in red to the tune of about N170bn.

Chibuking81:

Only those that do their DD and those who work in spirit can see it for now. Time is coming and it's almost at hand when both those that wear glasses and those who did not wear will see it clearly.

Then I will remind you of today.

Don't forget so soon, that they are among 2017/2018 indigenous company that won contract award to lift oil. Afro and Okitipupa oil were not among.
https://www.vanguardngr.com/2017/01/nnpc-names-39-crude-oil-off-takers-20172018/

Last year when there was red oil boom, you need no prophet to tell you that Okomu oil and Prosco will move up, Okomu oil moved from #27 to #60/#70.

Crude oil move from 27 dollars per a barrel to 69 per a barrel within 2 years. ( https://www.oil-price.net ) premium motor spirit pump price move from #145 to #200/#250

Boldness in Ignorance

If and when you hear of subsidy reinstatement, you may make this claim. You are not right about Eterna and crude price increase

Manonamission:


Boldness in Ignorance

If and when you hear of subsidy reinstatement, you may make this claim. You are not right about Eterna and crude price increase

Kai, this one na upper cut combined with lower high momentum blow.

Chibuking, what sayest thou

mendes911:


Kai, this one na upper cut combined with lower high momentum blow.

Chibuking, what sayest thou

Trouble maker!

But really, their profit is derived from trade margins. The trade volume itself is fixed based on the allocation (in barrels of crude by day). This is simply just winning business which will increase top and bottom line but not as a result of flunctuation in crude price. Additional income stream for Eterna from trading margins not from production (Oando and Seplat benefit directly from high crude prices).
Also we all should understand that there is a difference between Crude OIL and Petrol.

How is it possible for multiverse PLC and medviev airline to release result on proshare with alert via Nse corporate documents

Result not posted on Nse website is

ogedanny:
I have made more money in the stock than anywhere in 2017 - follow my journey on http://nigerianstockstobuy.com/ as I share my trading secrets that net 10-20% monthly profit.

You got your percentage calculation wrong in the Oceanic bank example. The right calculation is 540%. A look at the following example:

If the share price of a stock you bought at N2 increases to N6.

6 - 2 = 4
4 / 2 = 2

Expressing in percentage terms:
2 x 100= 200%

That the share price trippled doesn't equate 300%.

Cc NSEMPA members who make this mistake too

rebekah2011:
But Carlyle Group has been in Diamond bank since and I cannot see any difference. Nigerian Managers have found a way to pollute their foreign partners. That is even if the foreign guys are not crooks themselves.

When there's no rule of law, you will see the bad side of people - no matter where they come from! The only deterrent to fraud and stealing of shareholders funds is when you have a truly independent press and an empowered institution that does their job without fear and interference from government. Do we have such institutions in Nigeria? Crooks will always setup office where they know they can get away with whatever they do and most Nigerian corporate managers are aggressively greedy/selfish they don't care about retail investors/shareholders. We are just fishing with greedy sharks hence must always be watchful!

Dow is plunging.

Una don hear weeen

RabbiDoracle:
Dow is plunging.

Una don hear weeen

No be small thing o! Blood on the street!!

RabbiDoracle:
Dow is plunging.

Una don hear weeen

i wonder how d media wud hv called d headlines if it had dropped more


#interesting