Onuokwu:


Go to note 47c in the accounts. Though called Diamond Bank S.A. its not a south african subsidiary but a west african subsidiary. The bank made a N14 billion + profit from the sale.

Thanks

IchimokuPilot:
[/b]That is my fear. I had intensely studied volume behaviour to discern the 'comfort price' for this stock before the release of this result and discovered no one wanted to create ripples on the price surface...
The game is not over yet, N7B worth of UK asset will soon be filling all available media spaces.
If you are trapped, be vigilant, the insiders will soon start heavy crosses to deceive.
You can then Jaaaaaaaa.Diamond is Oceanic....

This post makes a lot of sense. He who has ears.....
You are definitely good with words...... only that, errrmmm, on behalf of Night School Students Association, we implore you to be grammatically coming down to our levels some times.

Mpeace:

Yes they did. It seems they used it, and more. Their CAR went high.

Thanks

ogedanny:


thanks but I have no business with stocks with bad motor engine...if it's not rising, am not buying.

I target 10-15% profit and am out.

here is my recommended stocks next week - http://nigerianstockstobuy.com/top-gaining-stocks-watch-closely-week-14th-may-2018/

I started picking Caverton from N2.78 down to N2.30, back to N2.50, then stopped, when other buyers started distracting the price....
I will sell @ N7.00 next year....

For Okomu, my hand no dey....

Chibuking81:

Your stock pick was OK, but their motor was already on a very high speed, when you recommended.
Anyway that's good work.

Also help to recommend medium term pick, like 2 to 6 months duration, based on stocks performance, like as I have done for Jberger using their 2017/ 2018 performance, Even with or without their (OCI) Other comprehensive income, based on their current PAT and the previous year PAT.

By so doing, most of us that can use our computer can do comprehensive research without sentiment.
Let set a goal, by recommending good stocks to buy, for week, and for months. I hope by so doing this our forum will serve it purpose.
The sky is to big for a bird to fly, if we use our years of experience to recommend a good stock to this forum, other stock recommendation house will copy ours for recommendation. Truly we have our individuals occupation, but we are really the field workers in NSEM.

Many has fall victims of stock recommending house.

There is nothing exciting in JBerger result. All I see is a strategic disclose of foreign exchange loss. Let us also observe that they refused to put a disclosure note on anything relating to foreign exchange movement both in the SCI and the OCI.

1 Gross profit fell year on year
2 Operating profit also fell year on year
3. 13 directors went home with over N500m
4. Most key management staff are not shareholders.

The most profitable thing in JBERGER for me would be to become a staff not a shareholder. Staff cost is juicy.

I don't like raining on any body's parade, but if it is 2017 FS that wants to make this stock fly, then I am waiting.
It's PE is over 8. It's price to book is 1.2. Dividend yield is like 3%.
Honestly, not an impressive result at the current price.

If the stock price goes up from current price, then congratulations to the market for proving me wrong.

I deliberately ignore Q1 result for personal reasons.

This is how they report BAD results when they must have created holes in investors wallets:
https://nairametrics.com/q1-2018-results-diamond-bank-posts-₦1-25-billion-profit-before-tax/


You will hear of PBT or REVENUE in the headlines instead of focusing on PAT or EPS.......

Parisfran:


There is nothing exciting in JBerger result. All I see is a strategic disclose of foreign exchange loss. Let us also observe that they refused to put a disclosure note on anything relating to foreign exchange movement both in the SCI and the OCI.

1 Gross profit fell year on year
2 Operating profit also fell year on year
3. 13 directors went home with over 500,000
4. Most key management staff are not shareholders.

The most profitable thing in JBERGER for me would be to become a staff not a shareholder. Staff cost is juicy.

I don't like raining on any body's parade, but if it is 2017 FS that wants to make this stock fly, then I am waiting.
It's PE is over 8. It's price to book is 1.2. Dividend yield is like 3%.
Honestly, not an impressive result at the current price.

If the stock price goes up from current price, then congratulations to the market for proving me wrong.

I deliberately ignore Q1 result for personal reasons.

Don't personalize it.
Use 'OBVIOUS' boldly. If anyone disagree, send him to audit insurance results for better understanding....

Q1= killer results
Q2= roasted results.
Q3= Cooked results.
Q4= Served results with hair, feathers and every other impurities in raw form...

IchimokuPilot:


Don't personalize it.
Use 'OBVIOUS' boldly. If anyone disagree, send him to audit insurance results for better understanding....

Q1= killer results
Q2= roasted results.
Q3= Cooked results.
Q4= Served results with hair, feathers and every other impurities in raw form...

Hahahahah.... I don't want them to beat me o.
I look at most Q1 and I just laugh. If your Q1 is better than 1/4 of last year FS. I will mentally adjust for it.

What kind of money are you making between Jan to March that you didn't see to make last year. It's only publishing companies I just look at their Q1 to see if the result for the period is crazy.

ogedanny:


thanks but I have no business with stocks with bad motor engine...if it's not rising, am not buying.

I target 10-15% profit and am out.

here is my recommended stocks next week - http://nigerianstockstobuy.com/top-gaining-stocks-watch-closely-week-14th-may-2018/

IchimokuPilot:
[/b]


I started picking Caverton from N2.78 down to N2.30, back to N2.50, then stopped, when other buyers started distracting the price....
I will sell @ N7.00 next year....

For Okomu, my hand no dey....

currentprice:


okomo hav new faiprice of N1O5

I miss this onions at N28 greediness chai!

okomo was 60 something few week ago when i made the post

Onuokwu:


Go to note 47c in the accounts. Though called Diamond Bank S.A. its not a south african subsidiary but a west african subsidiary. The bank made a N14 billion + profit from the sale.

They sold Diamond bank du Benin.

Which do you look at? Bank or Group results?

Which one is considered for EPS and PE calculations? Isn't it group results.

If it is group, don't you think you should consider the profit of N2b + made by the group rather than N14b + recorded by the bank.

safepaulooo:
PRICE PRECEDES NEWS -basic stock rule. The news about Diamond has already been priced in long ago.This stock came down from above N3 to a low of 1.66. The lowest we might see from reactions to this release is a return to 1.66 or 1.6 at the worst. My Opinion....

This Uzoma guy gave a loan of N49b in 2011 to Geometric Power and it is now impaired. Does this guy know he is playing with people's money?

Anyway I dey wait for am at 80kobo.

IchimokuPilot:

[/b]

That is my fear. I had intensely studied volume behaviour to discern the 'comfort price' for this stock before the release of this result and discovered no one wanted to create ripples on the price surface...
The insiders holding big volumes were scared of attempting to offload to avoid detection. The buyers were also counting their money coin by coin.....

Offloading will be done using news of UK sale, as it was impossible to do reasonable offloading earlier, which was one of the main reasons for the delay of releasing results....
When it became clear that the pillow case gang ingested more patience that could last them 10yrs, the result was reluctantly pushed out.
The game is not over yet, N7B worth of UK asset will soon be filling all available media spaces.
If you are trapped, be vigilant, the insiders will soon start heavy crosses to deceive.
You can then Jaaaaaaaa.
Diamond is Oceanic....

Diamond bank will need to raise money from the market. PO or FX bonds.

It will not be easy for them.

currentprice:
Diamond bank Q1 eps of 14k is annualized

this bank don do the shareholder strong thinz, no wonder veecovee praying for the bull when asked to do the closing prayer

Wondering how they will remedy the next results.

No catalyst in sight.

RabbiDoracle:


Diamond bank will need to raise money from the market. PO or FX bonds.

It will not be easy for them.

How much at what price?....
Maybe they will contact Milost....

Parisfran:


There is nothing exciting in JBerger result. All I see is a strategic disclose of foreign exchange loss. Let us also observe that they refused to put a disclosure note on anything relating to foreign exchange movement both in the SCI and the OCI.

1 Gross profit fell year on year
2 Operating profit also fell year on year
3. 13 directors went home with over N500m
4. Most key management staff are not shareholders.

The most profitable thing in JBERGER for me would be to become a staff not a shareholder. Staff cost is juicy.

I don't like raining on any body's parade, but if it is 2017 FS that wants to make this stock fly, then I am waiting.
It's PE is over 8. It's price to book is 1.2. Dividend yield is like 3%.
Honestly, not an impressive result at the current price.

If the stock price goes up from current price, then congratulations to the market for proving me wrong.

I deliberately ignore Q1 result for personal reasons.

Dont bother yourself. People see what they want to see!

When they get trapped, eye go clear!

safepaulooo:
PRICE PRECEDES NEWS -basic stock rule. The news about Diamond has already been priced in long ago.This stock came down from above N3 to a low of 1.66. The lowest we might see from reactions to this release is a return to 1.66 or 1.6 at the worst. My Opinion....

I think I agree with you.The bad result had been factored in. I still expect a knee jerk reaction and finally in the short term price will stabilize around that band. As long as FCMB and Fidelity are trading at the current band it will rise.This is my N2 analysis.

Parisfran:


There is nothing exciting in JBerger result. All I see is a strategic disclose of foreign exchange loss. Let us also observe that they refused to put a disclosure note on anything relating to foreign exchange movement both in the SCI and the OCI.

1 Gross profit fell year on year
2 Operating profit also fell year on year
3. 13 directors went home with over N500m
4. Most key management staff are not shareholders.

The most profitable thing in JBERGER for me would be to become a staff not a shareholder. Staff cost is juicy.

I don't like raining on any body's parade, but if it is 2017 FS that wants to make this stock fly, then I am waiting.
It's PE is over 8. It's price to book is 1.2. Dividend yield is like 3%.
Honestly, not an impressive result at the current price.

If the stock price goes up from current price, then congratulations to the market for proving me wrong.

I deliberately ignore Q1 result for personal reasons.

I respect peoples view, since you choose to ignore their result based on personal reason, likewise I welcome their result based on personal reason too.

They are construction company, that most of their gain come through winning and carrying out contract, if last year fail to favour them due to economic down tone, and this year favour them due to economic bounce back, is that bad?.

Their 52 weeks low was not below #23, if I may ask, do you think with the improvement in their income, that they will soon visit their 52 weeks low or to head towards high? Or are you of opinion that their earning did not improve at all?

From my observation despite their administrative sharing of fund, their worse days are over, with gradually bouncing back of economic, and award of road contract.

Yes their 2017, PE was 8+, remember that they recorded loss in 2017 q1, but started growing from other quarter, their 2018, q1 is 1.29. If their growth continue, which there is high percentage sign that it will continue, their PE will likely come down to 5+, or 4+.

Most time I always stand as a lone man, in advertising a stock, while many will secretly be taking position. Let leave matter for Mathias, I just gave maximum of 90 days period which will cover the release of 2018 q2 result.

(Pls remember to bookmark this quote)

Chibuking81:


I respect peoples view, since you choose to ignore their result based on personal reason, likewise I welcome their result based on personal reason too.

They are construction company, that most of their gain come through winning and carrying out contract, if last year fail to favour them due to economic down tone, and this year favour them due to economic bounce back, is that bad?.

Their 52 weeks low was not below #23, if I may ask, do you think with the improvement in their income, that they will soon visit their 52 weeks low or to head towards high? Or are you of opinion that their earning did not improve at all?

From my observation despite their administrative sharing of fund, their worse days are over, with gradually bouncing back of economic, and award of road contract.

Yes their 2017, PE was 8+, remember that they recorded loss in 2017 q1, but started growing from other quarter, their 2018, q1 is 1.29. If their growth continue, which there is high percentage sign that it will continue, their PE will likely come down to 5+, or 4+.

Most time I always stand as a lone man, in advertising a stock, while many will secretly be taking position. Let leave matter for Mathias, I just gave maximum of 90 days period which will cover the release of 2018 q2 result.

(Pls remember to bookmark this quote)

If their growth continue and price remains the same. That's when the PE will reduce.

I'm not afraid of being wrong though. I can't decipher the politics behind share price movement, but I can decipher the price movement that comes from an annual report.

Parisfran:

If their growth continue and price remains the same. That's when the PE will reduce.

I'm not afraid of being wrong though. I can't decipher the politics behind share price movement, but I can decipher the price movement that comes from an annual report.

The following company has the following PE
1. CCNN = 9.61 PE
2. GTB = 7.18 PE
3. FMN = 7.29 PE
4. UACN = 27.67 PE
5.OKOMO OIL = 8.98 PE
6. STANBIC = 9.29 PE
7. FBNH = 8.82 PE
8. OANDO = 10.06 PE

Chibuking81:


The following company has the following PE
1. CCNN = 9.61 PE
2. GTB = 7.18 PE
3. FMN = 7.29 PE
4. UACN = 27.67 PE
5.OKOMO OIL = 8.98 PE
6. STANBIC = 9.29 PE
7. FBNH = 8.82 PE
8. OANDO = 10.06 PE

You missed out the big daddy: Nestle
I don't look at PE in isolation. What is the price to book and dividend yield? What is the gross profit margin and what is the ROA? Another important bit for me is, what position does it command in its industry.

After all said and done, if a bull comes to nse all good stocks will rise and during a bear era all will fall. Only outliers defy the will of the general market trend.

Pls keep the recommendations coming, I need to read more financial statements to catch stocks like ccnn early.

Parisfran:


Your missed out the big daddy: Nestle
I don't look at PE in isolation. What is the price to book and dividend yield? What is the gross profit margin and what is the ROA? Another important bit for me is, what position does it command in its industry.

After all said and done, if a bull comes to nse all good stocks will rise and during a bear era all will fall. Only outliers defy the will of the general market trend.

Pls keep the recommendations coming, I need to read more financial statements to catch stocks like ccnn early.

Go for Stanbic, study their q1 result, I think they are making a head way.

Or how did you view their result

The Stanbic Q1 result seems interesting. They bettered the result of 2017 Q1 in many aspects. The major concern i have in this financial is the write back of impairment in 2018 Q1. This is a managment account though, its not audited. The period between sign off of their 2017 financials and Q1 2018 is barely a week, if there was a recovery on an impaired facility the auditors would have accounted for it in the 2017 financials.

Not a bad result for Q1 anyway but i wil back out the impairment charge reversal in making any decision.

Chibuking81:


Go for Stanbic, study their q1 result, I think they are making a head way.

Or how did you view their result

The result is good, but like Frankyj said, take off impairment write back. If that is taken off the profit for the period will become more humble.

For me to take Q1 serious, I had to look at the prior year AFS.
2017 they impaired N25.6 billion which resulted in a 29% increase from its 2016 impairment figure.

Now 2018 Q1, they have recovered N5.1 billion back. My concern is 2017 financials was signed off in February 2018. If the write back was valid, the auditor would have taken it into consideration. Except they say the loan suddenly became good in the month of March.

If I use my formula of dividing last year's total profit by 4, I should expect a Q1 profit of about N12 billion, which is far lower than the 23 billion they are reporting.

If this year wants to be super, I will start believing from Half year financials.

Expect this OLD news to resurface this week......

http://www.cityam.com/284762/industrialist-sanjeev-gupta-gbp30m-deal-buy-diamond-bank

http://pmexpressng.com/indian-billionaire-gupta-buying-pascal-dozies-diamond-bank-uk/



Monkeys must be hunted....

Parisfran:

The result is good, but like Frankyj said, take off impairment write back. If that is taken off the profit for the period will become more humble.

For me to take Q1 serious, I had to look at the prior year AFS.
2017 they impaired N25.6 billion which resulted in a 29% increase from its 2016 impairment figure.

Now 2018 Q1, they have recovered N5.1 billion back. My concern is 2017 financials was signed off in February 2018. If the write back was valid, the auditor would have taken it into consideration. Except they say the loan suddenly became good in the month of March.

If I use my formula of dividing last year's total profit by 4, I should expect a Q1 profit of about N12 billion, which is far lower than the 23 billion they are reporting.

If this year wants to be super, I will start believing from Half year financials.

That's good, I appreciate your effort and your view.

IchimokuPilot:
Expect this OLD news to resurface this week......

http://www.cityam.com/284762/industrialist-sanjeev-gupta-gbp30m-deal-buy-diamond-bank

http://pmexpressng.com/indian-billionaire-gupta-buying-pascal-dozies-diamond-bank-uk/



Monkeys must be hunted....

Your head is there

https://www.bloomberg.com/quote/FIDELITY:NL https://www.bloomberg.com/quote/DANGCEM:NL
That a good look at the list of board members on the pages above. Keep your inference to yourself.

Chibuking81:


The following company has the following PE
1. CCNN = 9.61 PE
2. GTB = 7.18 PE
3. FMN = 7.29 PE
4. UACN = 27.67 PE
5.OKOMO OIL = 8.98 PE
6. STANBIC = 9.29 PE
7. FBNH = 8.82 PE
8. OANDO = 10.06 PE

The next stock dt wi do ccnn magic is champion BREWERY.
The informed are busy accumulating this equity now
After the current crash,the support will begin in 3rd Q

RealityShot:
https://www.bloomberg.com/quote/FIDELITY:NL
https://www.bloomberg.com/quote/DANGCEM:NL

That a good look at the list of board members on the pages above.
Keep your inference to yourself.

That was why he gave Dangote group a big loan when he first came on board as the chairman of Fidelity.

elitestrategist:




The next stock dt wi do ccnn magic is champion BREWERY.
The informed are busy accumulating this equity now
After the current crash,the support will begin in 3rd Q

I thought champion brewery has negative retained earnings. Or has it changed?