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Re: Nigerian Stock Exchange Market Pick Alerts by Teeonly: 8:11am On Apr 30, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:14am On Apr 30, 2018 |
https://www.financialwatchngr.com/2018/04/30/cbn-threatens-bank-ceos-with-sack-over-delayed-accounts/ Are they reading our comments here. Someone here, guess, Wanajo advocated that bank md and chairman be sacked for delayed bank results. Great step in nice direction by CBN. |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 8:15am On Apr 30, 2018 |
onegentleguy: Thanks. If you remember, the discussion was not about whether DF is a good investment BUT that whether 2017 performance in terms of profit and revenue growth can be sustained. And I explained that because of the competition in that sector it will be IMPOSSIBLE for DF to sustain that double digit growth year on year. When analysing a stock, you need to also consider the sector in which it operates. The competition in that sector (including no name brands) is huge. |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 8:18am On Apr 30, 2018 |
valacious: No be me ooo By the way, which bank is this: One Systematically Important Bank (SIB) with offshore subsidiaries in three countries has failed to publish its financial statement for the past three years. Its last published financial statement was for the third quarter ended September 30, 2015. The shareholders better call for an EGM! |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 8:26am On Apr 30, 2018 |
onegentleguy: Why do I need cashflow statement to determine whether there is increase in revenue and profit? Again, the discussion was not about the competency of the management or otherwise. Discussion was about sustainability of the GROWTH in revenue and profit based on the FY2017 result. |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 8:33am On Apr 30, 2018 |
valacious: The duration granted is even unreasonably too wide. Six (6) months look more like it. Can these same guys accept not to collect any of their entitlements for up to six months in a stretch? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Teeonly: 8:33am On Apr 30, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 9:07am On Apr 30, 2018 |
Krisuba: Not so good IMO. Plenty small gains, nothing major after the beginning of the year. I already smell that happening. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:07am On Apr 30, 2018 |
wanaj0: Skye Bank is the only SIB yet to release results. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:10am On Apr 30, 2018 |
RabbiDoracle: Since 2015 Na wa ooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:11am On Apr 30, 2018 |
RabbiDoracle: It has 3 offshore subsidiaries 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 9:12am On Apr 30, 2018 |
apiakason:LASACO looks like a 419 company to me. 2016 FYE dividend not yet paid. Even the so call N0.04 dividend declared for 2017 is not accounted in any corporate actions for 2017 I have seen so far. "Na only you waka come" company. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:15am On Apr 30, 2018 |
wanaj0: It was around that time. In 2016, CBN sacked the Skye Bank board. See how time flies. I vividly remembered "sai Baba" song. Now it is almost 4 years. I think years pass so fast. Maybe Earth is rotating very fast. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by gloriousdawn: 9:23am On Apr 30, 2018 |
onegentleguy: I actually do not like the slow down of DF quarter on quarter. There was a slow down in Q4 2017, and yet another slow down Q1 2018. Though Noodle division is no more and did not contribute to Revenue in Q1 2018, Flour division is slowing down. Some metrics: Net finance cost, Q1 2018 (N250m), Q1 2017 (N445m); Gross Margin, Q1 2018 (17.5%), Q1 2017 (23.7%); Dist. & Admin cost to Revenue, Q1 2018 (9.3%), Q1 2017 (9.6%); Net Margin, Q1 2018 (6%), Q1 2017 (8.9%). Going by this Q1 2018 performance, I am projecting a Full year EPS of N1.80 for DF. Using a PE of 10, which is more like the average PE of the Consumer sector (Food product) of the NSE. I am looking at a fair value for DF to be N18, an upside of 28%. A BUY rating. Please trade cautiously, Election is around the corner. |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 9:28am On Apr 30, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by hyness: 9:57am On Apr 30, 2018 |
It has 3 offshore subsidiaries[/quote] Good one Oga Rabbi, guessing which Bank it could be was a good one. Well done Sir. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:02am On Apr 30, 2018 |
CBN is the shareholder of this Bank wanaj0: |
Re: Nigerian Stock Exchange Market Pick Alerts by apiakason: 10:07am On Apr 30, 2018 |
[Thanks for the insight quote author=jamace post=67148331] LASACO looks like a 419 company to me. 2016 FYE dividend not yet paid. Even the so call N0.04 dividend declared for 2017 is not accounted in any corporate actions for 2017 I have seen so far. "Na only you waka come" company. [/quote] |
Re: Nigerian Stock Exchange Market Pick Alerts by Rick9(m): 10:11am On Apr 30, 2018 |
swilo: Well, being a DJ doesn't stop you from engaging in business does it ? |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:14am On Apr 30, 2018 |
let see where cileasing push price to this week 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:19am On Apr 30, 2018 |
DF on early offer... |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:28am On Apr 30, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:35am On Apr 30, 2018 |
currentprice:Peter's KM7 loading |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 10:35am On Apr 30, 2018 |
currentprice: Why are you pushing the price up this week? |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:02am On Apr 30, 2018 |
currentprice: |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:03am On Apr 30, 2018 |
currentprice: |
Re: Nigerian Stock Exchange Market Pick Alerts by Teeonly: 11:04am On Apr 30, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:06am On Apr 30, 2018 |
currentprice: Oga CP has succeeded in pushing the price to 1.52 and full bid. |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 11:11am On Apr 30, 2018 |
Jejebaba:That is to say that NSE |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:17am On Apr 30, 2018 |
currentprice: onegentleguy: ...and CAVERTON shall follow. |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 11:17am On Apr 30, 2018 |
FY 2017 and Q1 2018 Investors and Analysts Presentation http://www.c-ileasing.com/wp-content/uploads/2016/10/CI-Leasing-Plc-FY-2017-and-Q1-2018-Investors-and-Analysts-Presentation.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:22am On Apr 30, 2018 |
onegentleguy: Sir, u mean we will soon Skye up the Caverton Airline ? |
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