nio68:


In the medium term with regards to the bolded ,my only concern is the pre and post election period.. I hope the owners of the creek wouldn't rear their heads again.

if regime remains the same no shocks expected. it will be be relatively stable for another 4years. provided no drastic measures is introduced by commander in chief

Redoil:
Trump is angry about the increase in oil price and plans are on to crash it so as to benefit non opec countries.
So be watchfull and prepare to sell ur stock at a better price

when he crash it does it benefit shale oil companies?

Mpeace:
http://allafrica.com/stories/201307081277.html They own vessels. Part of their business is leasing out those vessels of theirs to their clients.
Japaul has 9 vessels. That diamond loan was used to purchase their last 6vessels.

I thought some people said here that d company is been shut down and nothing is working?

yom2:
I thought some people said here that d company is been shut down and nothing is working?

The company appears not to be well managed.

emmanuelewumi:



Can you share a link to the performance by Seplat.

https://www.proshareng.com/news/Corporate%20Results/SEPLAT-Declares-N81.11-billion-PAT-in-2017-Audited--Result--SP-N657.90k-/38664

Mpeace:
Go through Japaul financial statement and see that the said loan is not due for payment before you start saying bad loan.
Japaul used their vessels as security for the loan and the loan itself is categorised under loan due for payment within 1-5years but not within 1year.

what kind of vessel?
How many do they have?
Apologies I can't look for that info now.

Japaul has been BAD since 2007. What's different now?

... Zzz

yom2:
when he crash it does it benefit shale oil companies?

lol!
Billion dollar question!

RealityShot:
https://www.proshareng.com/news/Corporate%20Results/SEPLAT-Declares-N81.11-billion-PAT-in-2017-Audited--Result--SP-N657.90k-/38664

Thanks. The current performance is not sustainable.

I hope Seplat can make a profit after tax of N30 billion in 2018.



How can a company make a PAT of N81 billion and could not Pay a dividend of N6 billion to N8
billion from the N81 billion.

The interim dividend that may be paid is definitely an after thought.

Managers should be able to strike a balance between growing the business, planning for the future of the business by ploughing back profits and compensating the shareholders after all the CEO was compensated through stock options and remuneration of almost N500 million in 2017.

All the same Seplat is still good to go at the current price.

currentprice:
That stambic result na bomb, N75 stock if they can maintain such tempo till Q4

Hmmmm. Result boosted by recoveries. Check the credit impairment charges before making a decision.

Coolcash1:
My stock pick for next week

Seplat- based on oil price rally, expansion of gas plant capacity, return to profitability, higher ROE and operating efficiency
Oando- based on oil price rally and market sentiment...
HF- strong fundamentals, trading below its intrinsic value, profitability recovery and gradual growth in earnings
Transcorp- government favourable policy on power, increase in earnings generation driven by its power business line, low PE ratio and PEG
Diamond- possibility of div payment based on sale of subsidiary, low NPLs among tier 2 banks, market repositioning, etc

DD strongly advised....

Be careful of HF. Managementwise.

nio68:


In the medium term with regards to the bolded ,my only concern is the pre and post election period.. [b]I hope the owners of the creek wouldn't rear their heads [/b]again.

Settlement tinz

Redoil:
Trump is angry about the increase in oil price and plans are on to crash it so as to benefit non opec countries.
So be watchfull and prepare to sell ur stock at a better price

Yeah.i read about that. But Anything he does will crash the shale industry where some of their companies depend on high price to succeed.

Agbalowomeri:
Really tempting me to come in for the dividend hunt in June

Are you sure you want dividend or you want to stay and then pick race?

Mpeace:
http://allafrica.com/stories/201307081277.html They own vessels. Part of their business is leasing out those vessels of theirs to their clients.
Japaul has 9 vessels. That diamond loan was used to purchase their last 6vessels.

Vessels wey dey do wetin?

They don't carry oil ooo.. maybe they meant house boat and other logistics vessels.

yom2:
I thought some people said here that d company is been shut down and nothing is working?

This story was there all the while. I was monitoring them when I still had the shares and knew they were in business with one O & G coy.

This wasn't a new story.

If you look at their financial report,they still have REVENUE. This means they still do business. However, their cost of sales is more than their revenue. This shows that the business isn't a good one.

RealityShot:
what kind of vessel?
How many do they have?
Apologies I can't look for that info now.

Japaul has been BAD since 2007. What's different now?

Then when I was following them up, it was a logistics vessels (houseboat, delivery vessels) used to support operations. Nothing much in my opinion.

Dem no dey carry crude oil

So people shouldn't think it is a tanker.

RabbiDoracle:


Vessels wey dey do wetin?

They don't carry oil ooo.. maybe they meant house boat and other logistics vessels.

They lend/lease those vessels to oil companies.
See as una done make me dey defend japaul. I no even get the share sef.
Ngwa loco come and take over.

wanaj0:


Hmmmm. Result boosted by recoveries. Check the credit impairment charges before making a decision.

Sir, the writebacks are ok na. Gradually, banks are recovering their lost investments.


Even if you take out the writebacks, it will still leave PAT at N18b. This is N2b more than the 2017 Q1.

Mpeace:
They lend/lease those vessels to oil companies.
See as una done make me dey defend japaul. I no even get the share sef.
Ngwa loco come and take over.

This was done then when I had the shares. So nothing has changed.

Now that companies are repricing contracts and cutting cost, they must have reduced the rates they pay these people.

In summary, it is not profitable a business.

RabbiDoracle:


Sir, the writebacks are ok na. Gradually, banks are recovering their lost investments.


Even if you take out the writebacks, it will still leave PAT at N18b. This is N2b more than the 2017 Q1.

FBNH promised an over 20billion write back in their full year 2017 result. Just wondering how the result will look. Promise was made at q2 and q3 conference call.

FBNH Q1 2018 will be bomb....take it or leave it

pluto09:



Thanks.

You welcome boss.

Mpeace:
FBNH promised an over 20billion write back in their full year 2017 result. Just wondering how the result will look. Promise was made at q2 and q3 conference call.

FBNH Q1 2018 will be bomb...

RabbiDoracle:


Sir, the writebacks are ok na. Gradually, banks are recovering their lost investments.


Even if you take out the writebacks, it will still leave PAT at N18b. This is N2b more than the 2017 Q1.

Yes they are ok BUT you cannot make projections based on that. Will they continue to have write backs? Has GTB done/reflected any writeback?

RabbiDoracle:


This was done then when I had the shares. So nothing has changed.

Now that companies are repricing contracts and cutting cost, they must have reduced the rates they pay these people.

In summary, it is not profitable a business.

Which oil companies are doing business with JaPaul?

I know C&I Leasing is supplying vessels to the IOC's

RabbiDoracle:


Then when I was following them up, it was a logistics vessels (houseboat, delivery vessels) used to support operations. Nothing much in my opinion.

Dem no dey carry crude oil

So people shouldn't think it is a tanker.

lol...
Thank you.

I hope people will just leave that wayo company to Hit 1kobo

If I may say, these companies will be the last I will put my monies:
1. Japaul
2. CI leasing
3. Caverton.


or any logistic support companies serving OIC. All is a matter of time. OIC companies are very notorious in

negatively affect these business. The level of risk is just alarming. Lose of contract is the beginning of their down fall.

You just have to keep your ears on ground at all times to manage risk. It is a shaky industry at the beck and call of OIC. You no what

contracts are in Nigeria? The moment you can not play with the power that Be, you become a gonner.

RabbiDoracle:


Be careful of HF. Managementwise.

please explain more...

Am interested because the IPO was around 7 or 8 naira in 2008 just like dangflour: was thinking their recent Pat postings might mean their Ecobank debt saga is over and better days ahead.

As lots of people are stuck at 7-8 naira.. It might be a good medium to long term stock.. I thought.

Thank you

RabbiDoracle:


Vessels wey dey do wetin?

They don't carry oil ooo.. maybe they meant house boat and other logistics vessels.

tug boat na vessel Naa...