are u in Abuja? i will love to do physical inspection first

Kereokwu:
I opened my 2nd account with Atlas portfolio, I specifically told them that I have CHN already and want to use it for the new account opening. A new account was finally opened after 3days of reminders with a new CHN, I have sent mails to them requesting that I use my first CHN and no response whatsoever. Can I tell them to close the account?, thank God I have not funded yet. Any implication?
@Mercy

you should have entered ur old CHN while filling the form. Maybe u left it blank. I just opened an account and filled my CHN and all went well. I also funded the account and in 20 minutes, the wallet was credited and i have carried out transactions already.

maybe the customer service is terrible from all i can read here. i am yet to find that out. But from their website, i tried chatting with them and no response for more than 36 hours

Heishere:


It makes no business sense to buy above 250 at the moment. If I can't get it at that price I am fine. There are other better opportunities

Geregu did not make sense when the price rose to N400.

afterwards it never looked back and moved passed N1,000.

Locotrader:


Thanks for this confirmation.
When only one person see a snake,He/she might claim python.

Mansard still has the best result in the insurance sector.

There is a one off forex gain of over 75% of profit. I guess investors knew why the stock didn't gain much attention after the release of the Q3 report.

You might want to check it again. I might not be correct.

The US stocks market opened today at 2.30pm Nigerian time and has not yet closed. Will close around 10pm tonight.

You cannot at this point say how much Musk's wealth has increased by.

Princkez:
do you think oando will still loose today?...#63.35 or #63.40

63.40

63.35 will not fly

designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

u can only buy 16,666 units.

It's actually 1 for 6. so divide what u have by 6

emmanuelewumi:
If Oando na bank, CBN would have taken over the management of the business

Will the suspension be lifted without Q1 and Q2 reports?

emmanuelewumi:



It got to to over N10,000 on NASD

That means those that bought it on NASD above current price post split and are still holding, should be in paper loss position.

I don't think the downtrend will continue below N400. Anything below that might see a bounce

emmanuelewumi:



You will make a kill it should get close to the book value. Full year return on equity should be between 10% to 12%, which is lower than the 5 year average even with the jump in profitability.

Total Energy BV is N221

emmanuelewumi:
Please what is the current book value per share of Aradel?

should be around N311

Sunrisepebble:
Its not some o, they want to sell all

700m units is no joke at all. if we go by the daily average volume, then it will take not less than 10 months to get them all cleared.

yMcy56:

Boss don't mind him....
Instead make he assist to check his candles, he's busy getting ideas
His mind needs cleansing. 😁

he will still bold a word from this comment

Ibrahim505:
The book value make this stock look attractive for trading and investing.

Maybe after diluting the outstanding shares, we need to review the book value again

designking:

At the basic level, the current minimum wage increase will mean more buying power for workers across the nation. This will increase the turnover of most FMCG and the banks.

The new wage increase means an additional ₦4trillion from the FG, another ₦5trillion from state government and ₦10trillion from the private sector.


This is a lot of money entering the economy

And this should lead to inflation.
Now CBN will have to squeeze these funds by increasing interest rates to attract investors.
This will have negative effects on the stock market.
These things are just like pills. You solve one problem and create another.

Wike did more in 1 year in Abuja than what Bala Mohammed did in all his years as minister of fct. I don't think it's going down well with him.
His successor in FCT made him look like a hero due to extreme poor performance, but Wike made both of them looked like secondary school prefects.

Aradel price has moved

ositadima1:


Here is a breakdown of the key points:

1. Dangote Refinery has filed a lawsuit against the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies.

2. Dangote Refinery is seeking to void the import licenses of these companies, claiming they are importing refined petroleum products that Dangote Refinery is already producing and able to supply.

3. Dangote Refinery is seeking ₦100 billion in damages against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for allegedly continuing to issue import licenses to these companies.

4. Dangote Refinery claims the import licenses issued to these companies are crippling its business, as its products are left largely unpatronized.

5. Dangote Refinery is also seeking several other declarations and injunctions, including:
- Declaring that Dangote Refinery is exempt from all federal, state and local government taxes, levies and other rates as a Free Zone Enterprise.
- Preventing NMDPRA from imposing additional levies on Dangote Refinery.
- Ordering NMDPRA to withdraw the import licenses issued to the other companies.

6. The case is currently adjourned to January 20, 2025 to allow the parties to attempt to reach a settlement.

7. This lawsuit comes amid disputes between Dangote and regulatory authorities, as well as Dangote's previous announcement of willingness to sell his refinery to NNPC.

Response from Dangote

RodgersAkpafu:


I think under 400 is a stretch though

I don pick tasere units at 560

As it slips more
I pick more
Aradel, Nestle MTN and Airtel are my 4 non bank targets for the next couple of months

has it even traded N560?

yMcy56:

OANDO and ETERNA are not in the same league.
Though in same Sector but with different areas of operation.....
ETERNA downstream, OANDO upstream

It's about the contagion effect Oando price movement have had with Eterna. I wasn't comparing them.

ETERNA is now inversely to OANDO.

has the cord been broken?

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/42337_UNITED_CAPITAL_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

EPS of N3.55 was annualized and based on 6B units of outstanding shares.

If we factor in the 18B units after the dilution, EPS for 9 months will be 88k and after annualizing this, it will be N1.17

Final dividend should not exceed N1.

Maybe less than 80k.

That is if they extremely generous with the payout ratio

But it's the beginning of big things to happen for UCAP

emmanuelewumi:



Yes did bonus share of 1 for 1 about 2 years ago

Ok sir

emmanuelewumi:



Wamco is about 950 million,

Will confirm that of CSCS by tomorrow

Wamco should be about 1.95B units

KarlTom:
It's correct (up until 15 Sept '24)

This was calculated using OS of 217,242,218 (4,344,844,360 ÷ 20).

However, I understand that this disclosure should be included to avoid misleading many...

That's true.
Reason we are here to share ideas and help each other.

Thank you. I have been looking for that old OS figure actually.

KarlTom:
Q1. ₦101.3 > ... $0.08

H1. ₦480.7 > ... $0.29

Every mallam to his kettle...

This may not be based on the new 4.34B outstanding shares. Check properly.

This is about 68% earning per share if you relate with the share price of N702.

No oil company in Nigeria doing this. Not even 20%. So look very closely so there is no misleading. Perhaps the report may be based on a smaller outstanding shares.
What you should do is to do your own due diligence by dividing the profit after tax with the current OS of about 4.3B units so you can see if you will arrive at what you posted

Attached below is Q1 2024 and H1 2024 reports on a flash

For Q1
N22B pat divide by 4.344B OS will give u less than N6 EPS for Q1 if u use the current OS.

For H1
N101B pat divide by 4.344B OS gives around N24 EPS

Let's not run the way of Caverton

Do ur thing urself

Should it not be insufficient passengers as a result of high fares that causes cancellations?
When there are fewer planes in relation to more passengers then there shouldn't be reason to cancel flights. But if you have few passengers with empty planes, there could be cancellations to reduce cost. This is just what I think

Sunrisepebble:
Cardinal stone have released their report on Aradel ahead of Monday, they see it trading at a premium to Seplat. Their target price is #1,200 and they see a much better div yield, with #0.06USD per share forecasted for FY24

0.06usd is around N98/99.

I doubt this amount will be paid as dividend.

What's their EPS in their most recent report. Is it even up to N25 for H1? What will be the payout ratio?

crownprince2017:


Fantastic fantabulous in mr macaroni voice...good results..

how is it good compared to the market price?

Book value is around N20. Market price N1,150

PE is around 118 to 120

forward PE should be around 89

Streetinvestor2:
Is this a new result. Is it not the same result with error that pushed it pass #4.

It's same result. The old result has a tiny minus sign before it and it confused many people as one would be expecting an open and closed bracket to signify a loss. So many thought it was a gain because the minus sign is not conventional reporting.

ositadima1:
Money dey agric, no be only palm oil they give money, some people go shock sha when matter go do fiam for them eyes.

How much be one heavy weight pig?

Pig is very expensive. Fully grown well fed pig could be as high as N300,000

STILL ON CAVERTON

Total equity stood at Negative N4,450,407,000

Book Value is -1.32 which is also in negative territory

shareholders' fund completely wiped out

There is need to quickly turn things around