Stanbic IBTC equity fund did over 800% in 20 years, that is an average of over 40% per year. This is a wonderful result. The only tragedy is by my calculations if you had left that same amount in dollars without even investing you would have been richer today. This really gave me perspective. A very sad one.

You should also note that the all share index did over 400% in that same period. A good result too.

EKUU mkt BULL o

Where is Zenith running to - sighted at N25.7, could possibly touch N26 anytime

* Update: now slowing down: N25 - N25.2 range

hope chibukking see something buy, cos we told him bear might not listen to his shout this time. there is time for everything

anyway Loco stock stilll there waiting for picking before she join 10% daily gain

cc chibuking

currentprice:
hope chibukking see something buy, cos we told him bear might not listen to his shout this time. there is time for everything

anyway Loco stock stilll there waiting for picking before she join 10% daily gain

cc chibuking

Pls which stock is this?

Hope we enjoying the bull ride?

Michael11stock:
When we dey preach since say position now for good fundamental stock, small bull show head now some people go dey rush buy high it is well ooo. This is my own opinion and not a buy or sell recommendation, all the panic investors already sold off long ago i don't see more panic sellers in the market, that is more reasons why you see share price stabilizing for a while now, little volume and no movement if we all observed, some people call it dull market. Either APC Or PDP wins people will buy in a huge volume by that time we may not have the chance again to get cheap stock to buy.

Warning this my own opinion nobody should use it as a buy or sell recommendation biko.

TRANSCORP
ACCESS
UBA
OANDO Short term

Bulls seen on the floor of the NSE. They are seriously bullying most banking stocks with GTB and Zenith Bank leading the charge.

Bonanza might never happen. If you are in, sit tight and fasten your sit bet.

CP please help with fair price of Seplat based on their last result. Would greatly appreciate this. Thanks

So nobody saw the 50M unit of UNILEVER ...worth 1.8B ...kai..

By CardinalStone Research,

Seplat Petroleum Development Company Plc (SEPLAT) 9M’18 results – Turnover unsurprisingly surged to $568.0 million (+103.9% YoY), in line with our estimate of $579.1 million (-2.0% deviation). The remarkable YoY growth in the nine-month period was majorly driven by higher crude prices and increased production. Contrasting with an after-tax loss of $5.3 million in 9M’17, the firm made an after-tax profit of $91.5 million—beating our estimate of $82.4 million (+9.9% deviation).

Other highlights:

• SEPLAT’s revenue rose 53.5% YoY and 39.0% QoQ to $225.3 million in Q3’18, reflecting improved oil production during the quarter (average oil production- Q3’18: 28.9 Kbopd, Q2’18: 23.3 kbopd). The two-week downtime at the Trans Forcados Pipeline (TFP) in Q2’18 created a lower base for QoQ turnover comparison. The rally in Brent prices up to four-year high of $85.71/bbl in Q3’18 also supported top line growth (average Brent price- Q3’18: $76.02/bbl, Q2’18: $74.91/bbl). In light of the aforementioned, revenue from oil advanced by 57.8% QoQ to $183.6 million—accounting for 81.5% of total revenue in Q3’18.

• Due to the rainy season, natural gas production moderated to 119 MMscfd in Q3’18 (Q2’18: 152 MMscfd)—the lowest in the last four quarters—as some off-takers resorted to fuller hydroelectric dams for power generation during the quarter. Following the QoQ drop in natural gas production, sales from the gas segment declined by 8.9% QoQ to $41.7 million.

• SEPLAT’s profitability margins improved in Q3’18. Gross margin came in stronger at 58.3% (Q2’18: 50.3%, Q3’17: 48.3%) as cost of sales (+16.4% QoQ) rose at a much slower pace than top line (+39.0% QoQ). The growth in cost of sales was driven by the rise in crude handling charges (+26.0% QoQ), royalties (+10.6% QoQ) and depreciation (+4.7% QoQ), which collectively move in tandem with crude production.

• Though the firm was twice as operationally efficient as it was in Q2’18 (operating expenses/sales ratio- Q3’18: 8.2%, Q2’18: 16.0%), Q3’18 operating margin improved marginally to 46.9% (Q2’18: 46.0%). Operating margin was impacted by overlift revaluation losses of about $7.3 million, contrasting with underlift revaluation gains of $19.2 million in the preceding quarter.

• The revenue growth recorded in Q3’18 sieved through the income statement to boost earnings for shareholders, as after-tax earnings advanced by 92.6% YoY and 53.3% QoQ to $42.9 million.

• Given the striking performance in the nine-month period, the Board has declared an interim dividend of $0.05 (N15.33) per share, translating to a dividend yield of 2.4% on the last close share price.

Analyst take:

SEPLAT’s Q3’18 performance was quite impressive as the firm’s major profitability drivers (crude production and crude prices) edged higher during the quarter. We anticipate similar stellar performance in the next quarter as the TFP is expected to remain functional while Brent continues to trade within the band of $70-80/bbl in the interim. Furthermore, we expect sales of natural gas to inch up in Q4’18 when the dry season kicks in and major off-takers fall back to gas thermal plants for power generation. More so, the firm remains committed to diversifying the risk of over-reliance on the TFP as the Amukpe-Escravos Pipeline (AEP) is expected to come online in Q4’18. Taken together, SEPLAT looks set to return value to its shareholders in FY’18, evinced by 9M’18 earnings per share (EPS) of $0.16 contrasting with a loss per share of $0.01 in FY’17. Our target price on the counter remains unchanged at N977.57 (BUY).

GTay:
CP please help with fair price of Seplat based on their last result. Would greatly appreciate this. Thanks

Michael11stock:
By CardinalStone Research,

Seplat Petroleum Development Company Plc (SEPLAT) 9M’18 results – Turnover unsurprisingly surged to $568.0 million (+103.9% YoY)
Our target price on the counter remains unchanged at N977.57 (BUY).

Thanks for sharing this Michael
Its great to see the company's amazing growth YoY [>100%]
Its also worthy to note that Brent price has dipped since the report was put together [now trading in the 60 - 62 range]

Note to self: Consider for long-term gameplay

The bulls are still soaking it in.....

NSEMPA its gonna be a jolly ride...We are making money this year.

Imagine ,i left wapco yesterday because of inactivity for the pass weeks

Tolktob:
Imagine ,i left wapco yesterday because of inactivity for the pass weeks

The bolded still persists

Thank your star you left

Tolktob:
Imagine ,i left wapco yesterday because of inactivity for the pass weeks

You welcome

GTay:


Thanks for sharing this Michael
Its great to see the company's amazing growth YoY [>100%]
Its also worthy to note that Brent price has dipped since the report was put together [now trading in the 60 - 62 range]

Note to self: Consider for long-term gameplay

GTay:
CP please help with fair price of Seplat based on their last result. Would greatly appreciate this. Thanks

not long ago i was praying to see this stock buy @ N700, cos i saw 100% or more rise. dont know how i came about that.

checking the latest result for your request. i see the stock selling above fairprice of N480 though the company still highly liquid.

i will check again to see how i came about my over N1000 in d past to be sure if it was not as a result of high on 33

edwardaigb:


Pls which stock is this?

""for loco list to three " Zenith, Transcorp and Access"""... Quoted text

If you are smart, you'll know the right stock.

That my eyes are on Transcorp doesn't mean Transcorp is the chosen one...

GTay:


Thanks for sharing this Michael
Its great to see the company's amazing growth YoY [>100%]
Its also worthy to note that Brent price has dipped since the report was put together [now trading in the 60 - 62 range]

Note to self: Consider for long-term gameplay

One of the best stock on NSE...
N20 -- Special Dividend in March
N20-- Interim Dividend - Nov

[quote author=tritritri post=75529439]So nobody saw the 50M unit of UNILEVER ...worth 1.8B ...kai..

[I saw it ooooo even my phone calculator could not calculate the amount. 50m units x N37] people get money share. I still dey learn

currentprice:


not long ago i was praying to see this stock buy @ N700, cos i saw 100% or more rise. dont know how i came about that.

checking the latest result for your request. i see the stock selling above fairprice of N480 though the company still highly liquid.

i will check again to see how i came about my over N1000 in d past to be sure if it was not as a result of high on 33

Ohhh. not high on 33. i think it was their 2017 FY. let me not go far by posting PAT alone:

2017 FY PAT = N81,111M
2018 Q1 =N6,287M
2018 Q2 =N14,844M
2018 Q3 latest =N 27,968M

Equities market defies analysts’ projections

Equities market, yesterday, recorded remarkable performance following a 1.9 percent gain, thus lifting the Year to Date, YtD, performance and the Nigerian Stock Exchange, NSE, All Share Index back to positive territory by 0.01 percent, despite the closeness of the general elections from Vanguard




Lets see how next week is gonna be like ..we need more bulls till after election

REVIEW OF THE STOCK MARKET (NSE ASI & ELECTION 1999-2019).

For your reading pleasure.

#This is not an advert

House please, when is the best time to sell? Is it when the results are out? How can one know the results will be out? Please I’m still learning any enlightenment will be well appreciated.

swilo:


""for loco list to three " Zenith, Transcorp and Access"""... Quoted text

If you are smart, you'll know the right stock.

That my eyes are on Transcorp doesn't mean Transcorp is the chosen one...

Tnx and have a nice day..... @Mcy hope all is well not read from you lately.

Mcy is fine she dey other room with me busy why you disturbing?

edwardaigb:


Tnx and have a nice day..... @Mcy hope all is well not read from you lately.

BOnanza gang right now

Michael11stock:
BOnanza gang right now

the bear will b back next week

Michael11stock:
Mcy is fine she dey other room with me busy why you disturbing?

Very funny... Is she incubating cos she has been there for weeks now...

BringBackOurMcy56

Today is obviously for the FUGAZ. The tier banks are trying to ride the wave but from trading activities, it is definitely not their day.


So much expectations from Transcorp, but it doesn't seem to be ready to fly.

Next week will open a new vista

GonFreecss1:
Stanbic IBTC equity fund did over 800% in 20 years, that is an average of over 40% per year. This is a wonderful result. The only tragedy is by my calculations if you had left that same amount in dollars without even investing you would have been richer today. This really gave me perspective. A very sad one.

You should also note that the all share index did over 400% in that same period. A good result too.

@ bolded, I am not sure that's true. Parallel market rates at 1999 were about 88 NGN in 1999 (Official market rate was 22 naira but it was a racket, hardly anybody got at that price). So you wouldn't be richer than investing in the Stanbic IBTC equity fund.

we go send fulani herdsmen bull to go hunt

tritritri:



the bear will b back next week