e don dey start! https://www.nairaland.com/5396338/oando-sacks-100-workers

pluto09:



And it closed at 0.82k, its 52 week low......

It must be a last minute manipulation

pluto09:



I am still trying to get clarification from my broker.
Placed a bid at 0.85k for UAC--PROP today but nothing in my account..

Most brokers wants to make you feel investing is difficult,so that you can pay them for the job
Online investing is an option sir

But if i may know why your choice of UAC PROP, (probably there is something we are missing out)cos i see a lot of steady earners wih low prices in the market .

Valueinvestor:

Honestly sir,zenith and gtb almost spoilt my day,my traps at 17 and 27 did not work out (they just refused to embrace this level,tomorrow is another day sha(at least for gtb),Anyway got some compensation from dang cem,dangsugar, and uacn

"Successful investing doesn't require sophistication or complexity, all that is necessary is a healthy dose of common sense" - Jack Bogle.

pluto09:



And it closed at 0.82k, its 52 week low......

That's shocking.

It close on full bid

Last trade was 0.96k

Valueinvestor:



"Successful investing doesn't require sophistication or complexity, all that is necessary is a healthy dose of common sense" - Jack Bogle Sinclair please...

It is difficult to get a man to understand something when his salary depends upon his not understanding it... Sinclair

Valueinvestor:
A ku Analysis o

Watchlist for the week(based on today's analysis

1 .UACN
2 .DANG SUGAR

Dangote sugar is heading to #6 junction soon. In this September most good and bad stocks will drop downward from their current price, final year result and dividend news expectation is still far.
Half year news and it interim dividend news has come and gone, and set a ground for investors onwards picking decision.

onegentleguy:
A CHOICE BETWEEN UPDC and UACN !!

Everything will depend on weather u want to play it short or not(investment horizon)
In my view, any price rise in UPDC will likely be short-lived.
The most logical reason for the full bid(chase) might be because the said rights(which will be channelled towards delaveraging UPDCs over burdened long-term debt stance) might have been priced @ a good premium to mkt. ...or maybe the source of funding(likely a PE investor) plans to take up their stake @ a P/B valuation premium to mkt.

However, it will be better to think of the proposal this way;

Buying into UPDC now will give one a stake in the RE trust arm(UPDC reits) which ceases to exist post proposed unbundling.
But buying into UACN gives one a stake in UPDC plus a follow-up stake in the REITS(updc reits), as well as the possibility to tap in from(MoS discount in view) the VALUE of an underpriced asset.
Again, aligning with the 1st would simply mean buying into the price of a weak asset(fundamentally) with an assumption that it will be less the proposed offer price.
...while keying into UACN will equate to buying an increasingly healthier asset(fundamentally) with the mindset of tapping into a feasible growth in future value.

Bottom line: Between UPDC and UACN, aligning with one will be chasing PRICE, while doing so with the other will be buying VALUE !!
...and since VALUE preceeds PRICE(not the other way round), I would gladly choose to align with UACN ahead of UPDC.

But that's just me. ...so due diligence should still remain ur 1st priority.
My advise: Pls kindly follow ur instinct.

A CHOICE BETWEEN UPDC and UACN... part 2

In my view, the move to unbundle or possibly divest from some of its loss-making and not-so-profitable business segments is coming a bit late. ...though better late than never.

Just a few weeks ago, the group(UACN) gave up its majority stake position(51% before then) in their logistic business arm(MDS logistic) to the core investor(imperial logistics). ...taking their total stake to 57% and reducing that of UACN to 43%(an 8% swap).
That arm has witnessed a difficult path to cost optimization(higher CoS) and dwindling revenue, despite the groups effort at curbing down OPEX. Worse still, is that vol has been on the downward trend for some quarters now.
I think it will be best for UACN to consider given up more stake in that arm(logistic) of business to aid leverage.
I also think the quick service restaurant arm of business should be divested from in totality. ...think UACN holds more than a 50% stake therein.

However, the move to give up of its entire stake in UPDC(64.2% as at H1, 2019) is the most STRATEGIC move to growth if u ask me.
The increased revenue witnessed in Q2, 2019 by UPDC is not sustainable. ...especially when u consider the fact that any drive in sales has always been bitten down by high interest payments.

Good a thing, the group(UACN) is gradually recovering its mkt share in the Agric feeds business segment(H1, 2019 in view). ...while the packaged foods(UAC foods) and paint business segments are doing great.

At the current mkt price, I have no doubt in my mind that UACN holds in it, a lot of prospect. ...a lot of inherent VALUE !!

onegentleguy:


A CHOICE BETWEEN UPDC and UACN... part 2

In my view, the move to unbundle or possibly divest from some of its loss-making and not-so-profitable business segments is coming a bit late. ...though better late than never.

Just a few weeks ago, the group(UACN) gave up its majority stake position(51% before then) in their logistic business arm(MDS logistic) to the core investor(imperial logistics). ...taking their total stake to 57% and reducing that of UACN to 43%(an 8% swap).
That arm has witnessed a difficult path to cost optimization(higher CoS) and dwindling revenue, despite the groups effort at curbing down OPEX. Worse still, is that vol has been on the downward trend for some quarters now.
I think it will be best for UACN to consider given up more stake in that arm(logistic) of business to aid leverage.
I also think the quick service restaurant arm of business should be divested from in totality. ...think UACN holds more than a 50% stake therein.

However, the move to give up of its entire stake in UPDC(64.2% as at H1, 2019) is the most STRATEGIC move to growth if u ask me.
The increased revenue witnessed in Q2, 2019 by UPDC is not sustainable. ...especially when u consider the fact that any drive in sales has always been bitten down by high interest payments.

Good a thing, the group(UACN) is gradually recovering its mkt share in the Agric feeds business segment(H1, 2019 in view). ...while the packaged foods(UAC foods) and paint business segments are doing great.

At the current mkt price, I have no doubt in my mind that UACN holds in it, a lot of prospect. ...a lot of inherent VALUE !!

A CHOICE BETWEEN UPDC and UACN... part 3

Away from the matter of the proposed unbundling, and safe for the points I highlighted ealier, there are a couple of other reasons why I'd choose UACN ahead of UPDC.
One such reason is the issue of RISK when put side by side with ones expected ROI.
To help guage that, it would be nice to compare their ALTMAN Z-SCORE and relate it to their FVE(H1 2019 financial print in view)
It's a fine way to permute from btw 2 or more coys with the aim of gauging btw risk and VALUE.

By the way, the ALTMAN Z-SCORE is an investment tool used to assess the risk-return(ROI discounting risk) profile of a company in line with an investors preference.
The idea is to try to benchmark the risk inherent in a company against ur risk tolerance at any given time.

The formula for ALTMAN Z-SCORE is;
Az= 1.2W + 1.4L + 3.3R + 0.6P + T

Where W is the company's NWC ratio(ie working capital pegged against total asset)

L is the leverage power of the company(the ability to finance their asset through retained profit ahead of debt)
Mathematically, L= retained earnings/total asset

R is ROTA(return on total asset). ...a measure of how well a firm can generate earnings from its assets.(I also love ZENITH, FCMB, CAVERTON, FO, UBA, AIICO, CONOIL, FIDELITY, GTB and LARFAGE WAPCO for this and of course, a few other reasons)
R= EBIT/total asset

P is the price to book(P/B) of the coy.

While T is the total asset to turnover(used to checkmate how well a company's revenue/sales was generated from its assets)
Mathematically, T= revenue/total asset.

In principle, its far much safer to invest in a company with a high or above peer average ALTMAN Z-SCORE than the low ones.
The thing about de-risking means that it might sometimes be even better to invest in a rightly priced or even slightly overvalued asset with high Altman z-score than an underpriced asset with a much lower score. This partly explains why the price of GTB has consistently outperformed its direct peer ZENITH and priced @ a seemingly undeserving premium to it. ...and why a stock like NESTLE may not crash in price as some investors might expect.

Bottom line: UACN has a far better 'score' ahead of UPDC.
So if one where to measure their risk against any expected return, the former makes far more sense to align with.

NOTE: The ALTMAN Z-SCORE though a powerful one, is only but one valuation tool. A combination of several key tools to valuation in line with ones investment PERSONALITY is still advised.

My take: UACN is a BUY(infact, accumulate) for us !!
My advise: Pls kindly follow ur instinct.

Enough said !!

Valueinvestor:


Most brokers wants to make you feel investing is difficult,so that you can pay them for the job
Online investing is an option sir

But if i may know why your choice of UAC PROP, (probably there is something we are missing out)cos i see a lot of steady earners wih low prices in the market .

You still have to go through a broker with online investing....
I placed the trade myself through my broker platform..what I noticed is that my mandate is not showing on the outstanding order page for all my mandate today...

I have a long time view of the stock market and I try to buy good stocks that are selling at a discount to fair value. How ever I have another account with which I play kalokalo on NSE most especially when we have a boring market...

UAC--PROP is basically a gambling thing for me....

onegentleguy:


A CHOICE BETWEEN UPDC and UACN... part 2

In my view, the move to unbundle or possibly divest from some of its loss-making and not-so-profitable business segments is coming a bit late. ...though better late than never.

Just a few weeks ago, the group(UACN) gave up its majority stake position(51% before then) in their logistic business arm(MDS logistic) to the core investor(imperial logistics). ...taking their total stake to 57% and reducing that of UACN to 43%(an 8% swap).
That arm has witnessed a difficult path to cost optimization(higher CoS) and dwindling revenue, despite the groups effort at curbing down OPEX. Worse still, is that vol has been on the downward trend for some quarters now.
I think it will be best for UACN to consider given up more stake in that arm(logistic) of business to aid leverage.
I also think the quick service restaurant arm of business should be divested from in totality. ...think UACN holds more than a 50% stake therein.

However, the move to give up of its entire stake in UPDC(64.2% as at H1, 2019) is the most STRATEGIC move to growth if u ask me.
The increased revenue witnessed in Q2, 2019 by UPDC is not sustainable. ...especially when u consider the fact that any drive in sales has always been bitten down by high interest payments.

Good a thing, the group(UACN) is gradually recovering its mkt share in the Agric feeds business segment(H1, 2019 in view). ...while the packaged foods(UAC foods) and paint business segments are doing great.

At the current mkt price, I have no doubt in my mind that UACN holds in it, a lot of prospect. ...a lot of inherent VALUE !!

You are good at putting your thought into writing.... I envy you sir.
I am in agreement with your analysis here..

Chibuking81:

Dangote sugar is heading to #6 junction soon. In this September most good and bad stocks will drop downward from their current price, final year result and dividend news expectation is still far.
Half year news and it interim dividend news has come and gone, and set a ground for investors onwards picking decision.

The short bull run that ended in 2018 actually started in Oct/Nov 2017. When it wants to happen it will happen and sometimes it will be for inexplicable reasons.

pluto09:


You still have to go through a broker with online investing....
I placed the trade myself through my broker platform..what I noticed is that my mandate is not showing on the outstanding order page for all my mandate today...

I have a long time view of the stock market and I try to buy good stocks that are selling at a discount to fair value. How ever I have another account with which I play kalokalo on NSE most especially when we have a boring market...

UAC--PROP is basically a gambling thing for me....

Nice one sir,i have had a similar experience too,do you use meristem, and at about what time did you place the order.Atimes,you may need to re check/re-place your order,or probably chat them up

Chibuking81:

Dangote sugar is heading to #6 junction soon. In this September most good and bad stocks will drop downward from their current price, final year result and dividend news expectation is still far.
Half year news and it interim dividend news has come and gone, and set a ground for investors onwards picking decision.

Noted sir

swilo:


It is difficult to get a man to understand something when his salary depends upon his not understanding it... Sinclair

Valueinvestor:

30 likes.

onegentleguy:


A CHOICE BETWEEN UPDC and UACN... part 3

Away from the matter of the proposed unbundling, and safe for the reason I mentioned ealier, there are a couple of other reasons why I'd choose UACN ahead of UPDC.
One such reason is the issue of RISK when put side by side with ones expected ROI.
To help guage that, it would be nice to compare their ALTMAN Z-SCORE and relate it to their FVE(H1 2019 financial print in view)
It's a fine way to permute from btw 2 or more coys where there is a divestiture, unbundling or merger/aquisation without a stipulated known pricing.

By the way, the ALTMAN Z-SCORE is an investment tool used to assess the risk-return(ROI discounting risk) profile of a company in line with an investors preference.
The idea is to try to benchmark the risk inherent in a company against ur risk tolerance at any given time.

The formula for ALTMAN Z-SCORE is;
Az= 1.2W + 1.4L + 3.3R + 0.6P + T

Where W is the company's NWC ratio(ie working capital pegged against total asset)

L is the leverage power of a company(their ability to finance their asset thru retained profit ahead of debt)
Mathematically, L= retained earnings/total asset

R is ROTA(return on total asset). ...a measure of how well a firm can generate earnings from its assets.(I also love ZENITH, FCMB, CAVERTON, FO, UBA, AIICO, CONOIL, FIDELITY, GTB and LARFAGE WAPCO for this and of course, a few other reasons)
R= EBIT/total asset

P is the price to book(P/B) of the coy.

While T is the total asset to turnover(used to checkmate how well a company's revenue/sales was generated from its assets)
Mathematically, T= revenue/total asset.

In principle, its far much safer to invest in a company with a high or above peer average ALTMAN Z-SCORE than the low ones.
The thing about de-risking means that it might sometimes be even better to invest in a rightly priced or even slightly overvalued asset with high Altman z-score than an underpriced asset with a much lower score. This partly explains why the price of GTB has consistently outperformed its direct peer ZENITH and priced @ a seemingly undeserving premium to it. ...and why a stock like NESTLE may not crash in price as some investors might expect.

Bottom line: UACN has a far better 'score' ahead of UPDC.
So if one where to measure their risk against any expected return, the former makes far more sense to align with.

NOTE: The ALTMAN Z-SCORE though a powerful one, is only but one valuation tool. A combination of several key tools to valuation in line with ones investment PERSONALITY is still advised.

My take: UACN is a BUY(infact, accumulate) for us !!
My advise: Pls kindly follow ur instinct.

Enough said !!

Advanced stock analysis...

Valueinvestor:
A ku Analysis o

Watchlist for the week(based on today's analysis

1 .UACN
2 .DANG SUGAR

We The Witches Want you to go through The Q1,Q2 for Dang Sugar , it Very Bad.

Agbalowomeri:


It must be a last minute manipulation

I was complaining, but some folks didn't understand

OBAGADAFFI:


That's shocking.

It close on full bid

Last trade was 0.96k

I was wondering but some were making fun of me

veecovee:
I was wondering but some were making fun of me

Vee, it simply means no one released 100k unit to move the price up till market closed.

pluto09:



You are good at putting your thought into writing.... I envy you sir.
I am in agreement with your analysis here..

... good to be educated and that young man is

Mcy56:

Vee, it simply means no one release 100k unit to move the price up till market closed.
Think I checked the price before 2.20 and it remained at 82k, was thinking someone will move it btw 2.20 - 2.30 with 100k but that wasnt done. The bids at 96k were more than 6M.

Nawao

veecovee:
Nawao

Vee relax. 2maro is another day, God willing. You are seriously active these few days.

veecovee:


I was wondering but some were making fun of me

stop wondering on anything on NSE bro. not new, i think same thing happen to FO last week even today DS gain almost 5% till 2.30 and it close flat

Mcy56:

FO did not move 50k at a go since last 2 trading days. I didnt notice that of DS. It's well.

are u sure with 1.9m trades? i doubt it

veecovee:


... good to be educated and that young man is

Until his stock analysis ends you in trouble.
You are here praising epistles to the Galatians...
You will soon discover it was not written to you...
Too much book no good for stock business oo.
I remain cautious of this UACN stuff.
I prefer worshipping where the worship house is completed, I have no gift of interpreting tongues....
Can't be donating forever, from land purchase, foundation, .......roofing...

*edited*

Witches:



We The Witches Want you to go through The Q1,Q2 for Dang Sugar , it Very Bad.

Ah cant argue with the witches o,they see what we cannot see

onegentleguy:


Just tell them the stock is DANGOTE SUGAR and stop all this turning around.
U are not the only one who has had to face destructive criticisms from a few bad eggs here.
...a lot of good folks who have been selfless(including my humble self) have also had to put up with a lack of appreciation and show of ingratitude from some members here.
Even u, have also criticized me in the past for no just course.

Some of us still manage to post(sometimes) and give our genuine take, analysis and advise, not because we like been unduly criticized, but because we understand that trying to please humans(especially in a mostly faceless forum like this) should take less prominence compared to what identifies as the real aim of why we are all here.
Over time, I have learnt that when u want to offer genuine help to someone, do so ONLY with the mindset of expecting nothing(good) in return.
True help comes NOT with seeking any forward-looking trust or reward from man, but from given every forward-looking EMPATHY to man and reward from God.

That said, this is NOT saying that those who engage in unnecessary and sometimes baseless criticism are RIGHT.
I have always thought that the best way to engage someone is through objective counter-analysis that can be supported by verifiable Nos or any other practical view.

So those who indulge in the habit of destructive criticism should pls stop it !!
It's not healthy for this place.

Regards.

DeRuggedProf:


Until his stock analysis ends you in trouble.
You are here praising epistles to the Galatians...
You will soon discover it was not written to you...
Too much book no good for stock business oo.
I remain cautious of this UACN stuff.
I prefer worshipping where the worship house is completed, I have no gift of interpreting tongues....
Can't be donating forever, from land purchase, foundation, .......roofing...

I guess my several advise to u the many times u repeatedly besieged my mail box for recommendations in the past has also put u in trouble.
It's funny how some of u will benefit from the selfless and free input of others, yet decide to wallow as ingrates.
...showing two and sometimes several sides to a face.

Anyway u can continue. ...It wasn't like I was expecting even a thank u or any appreciation in return.
It's especially because of folks like u that I wrote and highlighted the part of the post above.
The thing about life is that we(and every generational link) connected to us shall always stew from our own juice !!
So I have no intention to judge u. ...only God shall do so with all of us, at his own appointed time !!

Thank u for the criticism.
It is well !!

onegentleguy:



I guess my several advise to u the many times u repeatedly besieged my mail box for recommendations in the past has also put u in trouble.
It's funny how some of u will benefit from the selfless and free input of others, yet decide to wallow as ingrates.
...showing two and sometimes several sides to a face.

Anyway u can continue. ...It wasn't like I was expecting even a thank u or any appreciation in return.
It's especially because of folks like u that I wrote and highlighted the part of the post above.
The thing about life is that we(and every generational link) connected to us shall always stew from own juice !!
So I have no intention to judge u. ...only God shall do so with all of us, at his own appointed time !!

Thank u for the criticism.
It is well !!

Goan sleep joor. Who dey besiege ya inbox