NewStats: 3,262,147 , 8,176,203 topics. Date: Saturday, 31 May 2025 at 11:14 PM 2r4zz

https://doclib.ngxgroup.com/Financial_NewsDocs/41100_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

See result. Nahco go just release better result another 2 go kill the supposed bullish effect with there own result. How general bull wan use come to help out those inside Dangote trains.

Ok,

ositadima1:


I have stopped taking any statements that are based on hopeville seriously; it is the new age of evidence-based reasoning.

It is a 20 naira stock abi, and we have people buying it in the millions. 100,000 units are even uncountable.

Maybe na money miss road, or corrupt politicians abi? Lol, you may not see it at 40 by nextweek sef, they way some people are swallowing it.

No forget trend no dey move in a straight line o. Wave must dey. Abi you no wan make we follow enter the train Trajectory is ...

They will be mopping it up while dragging the price down to force out the hands of the faint hearted/itchy fingers. You can wait it out & start averaging down when it gets to N35. But I see it touching N30 "hopefully" which is when I'll most likely start entering.

I need IEI at bargain prices.
Let's deal if you have

Locotrader:
I need IEI at bargain prices.
Let's deal if you have

Why will anyone sell to you at bargain price if they can sell it on the floor. I will sell to you @ N1.50. Will you buy? That is what I will sell on the floor when it gets there.

KayOn1:
https://doclib.ngxgroup.com/Financial_NewsDocs/41100_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

See result. Nahco go just release better result another 2 go kill the supposed bullish effect with there own result. How general bull wan use come to help out those inside Dangote trains.

Ok,

The negative result from Vitafoam seems to originate from istrative expenses......... istrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase. While Finance Cost jumped from 464,937,000 to 2,055,220,000 That's a 342% increase.........

KayOn1:


Why will anyone sell to you at bargain price if they can sell it on the floor. I will sell to you @ N1.50. Will you buy? That is what I will sell on the floor when it gets there.

Okay,but I am bidding to get supply but supply is kept high.

If I no see supply at those prices in coming days,I go remove those bids

222Martins:
The negative result from Vitafoam seems to originate from istrative expenses......... istrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase.

To God be the Glory though. Just started picking up units yesterday and today see bombshell. Will revisit them @Circa13. Interested SPECULATORS, EnjoY.

Locotrader:


Okay,but I am bidding to get supply but supply is kept high.

If I no see supply at those prices in coming days,I go remove those bids

The earlier you remove and look for somewhere else to key in, the better. You won't see good supply till N1.5 or very close to that. "Bend down well, make you see Aba."

222Martins:
The negative result from Vitafoam seems to originate from istrative expenses......... istrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase.

Read the notes and you will find out that it is still due to foreign exchange losses, about 7 billion naira.

I noticed that companies that avoided reporting the foreign exchange losses in their annual results did so in this first quarter. I mean manufacturing companies. Service companies like NAHCO and some others didn't have this problem.

One exception is MTNN; it reported these losses in both reports.

Cornerstone cooking good food?

222Martins:
The negative result from Vitafoam seems to originate from istrative expenses......... istrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase. While Finance Cost jumped from 464,937,000 to 2,055,220,000 That's a 342% increase.........

That one na the management headache, make dey sort am out na their work that they are being compensated for handsomely. If not, we go tell them wetin their performance worth for the market and expect the board to also do their job which is to send them packing. If both parties no come gree, Otedola vs Tony will be their case with time.

ositadima1:



Read the notes and you will find out that it is still due to foreign exchange losses, about 7 billion naira.

I noticed that companies that avoided reporting the foreign exchange losses in their annual results did so in this first quarter. I mean manufacturing companies. Service companies like NAHCO and some others didn't have this problem.

One exception is MTNN; it reported these losses in both reports.

Bros, Long grammar no dey pay again. All the grammar, " og-one ka o putalu na afia"
Start mopping up, we go buy from you later. Na your body go tell you.

KayOn1:


The earlier you remove and look for somewhere else to key in, the better. You won't see good supply till N1.5 or very close to that. "Bend down well, make you see Aba."

I don't want to bet because IEI is my top stock pick For 2024.

If i bet or disagree with you,things go call yakata

Locotrader:


I don't want to bet because IEI is my top stock pick For 2024.

If i bet or disagree with you,things go call yakata

It closed @1.39 today with 303,000 units sold. Where will you see the sizeable volume you are looking for at below 1.50? If it closes above 1.45 tomorrow, my offer is off the table. All the best.

KayOn1:


Bros, Long grammar no dey pay again. All the grammar, " og-one ka o putalu na afia"
Start mopping up, we go buy from you later. Na your body go tell you.

You no go because you want to buy at bargain they talk something way dey incorrect.

DS never release Q1, u talk say they release and it is bad.

U talk say DS go dey fall, I talk say not necessarily, look at bids.

Some guy say Nascon bad, I talk say na FX make am bad small o cos dey still make profit, if not na very good eh be.

So, d coco be say, no dey add salt and pepper, cos somebody go correct you.

KayOn1:


It closed @1.39 today with 303,000 units sold. Where will you see the sizeable volume you are looking for at below 1.50? If it closes above 1.45 tomorrow, my offer is off the table. All the best.

I am soft now sha
Is tomorrow not public holiday?

mikeapollo:


Oando is believed to be hiding behind the proponents and pretending as if the proposal to delist did not emanate from them, but from the 14 minority shareholders who are the main proponents.
So in law, Oando would be required to respond and indicate if they are willing to accept the request of the proponents or not. Oando responded and expressed their willingness to grant the wish of the 14 minority shareholders.
But most people suspect that the 14 minority shareholders are a disguise and actually doing the bidding of Oando management. Hence some other minority shareholders decided to in the suit to oppose the 14 minority shareholders and told the court that the proponents were never mandated by all shareholders to ask for the delisting and do they do not have any written resolution of the shareholders to delist the shares.

Any way the case goes, Oando management can always pretend and say that they are not the ones that took the case to court, but only had to respond to the proposal as requested by the court.

I see. Typical Oando abrakadabra. Thanks for the explanations.

ositadima1:


You no go because you want to buy at bargain they talk something way dey incorrect.

DS never release Q1, u talk say they release and it is bad.

U talk say DS go dey fall, I talk say not necessarily, look at bids.

Some guy say Nascon bad, I talk say na FX make am bad small o cos dey still make profit, if not na very good eh be.

So, d coco be say, no dey add salt and pepper, cos somebody go correct you.

I posted Vitafoam result and said it was bad but let me go thru my posts to before I reply.

Locotrader:


I am soft now sha
Is tomorrow not public holiday?

I do not know about naija public holidays o. E be like say the country get the highest number of public holidays for the world or close to that. Na only the country dey give - Good Friday, Easter Monday plus all the other Eid(s).

Locotrader:


I am soft now sha
Is tomorrow not public holiday?

Worker's Day

I gambled on UPl big time , they just released a disappointing result.
I am in pain.

ositadima1:


You no go because you want to buy at bargain they talk something way dey incorrect.

DS never release Q1, u talk say they release and it is bad.

U talk say DS go dey fall, I talk say not necessarily, look at bids.

Some guy say Nascon bad, I talk say na FX make am bad small o cos dey still make profit, if not na very good eh be.

So, d coco be say, no dey add salt and pepper, cos somebody go correct you.

Just read thru all my posts from Pg.7740 onwards. Bros, I no see where I talk say DS result bad o except if eye don dey pain me. I only said, "make we see if e go fall another max today, then we will take it from there" which it did fall.

The next statement I made regarding DS was that Trends do not move in a straight line which you know except you wan dey economical with the truth.
I am always sympathetic when people loose their hard earned money in investment choices that didn't pan out as they planned because I know raising capital is not easy but it still doesn't stop me from saying the hard truth.

I even said that MM will be mopping up the shares while pushing the price down to force people to sell to cut their losses but the patient ones who can wait should wait it out & average down from Circa 30 which it arrived today closing at 38.90.

Abeg, if you see where I talk say DS result bad, show me make I know when to begin go see my eye doctor.

Udo!!!

KayOn1:


Just read thru all my posts from Pg.7740 onwards. Bros, I no see where I talk say DS result bad o except if eye don dey pain me. I only said, "make we see if e go fall another max today, then we will take it from there" which it did fall.

The next statement I made regarding DS was that Trends do not move in a straight line which you know except you wan dey economical with the truth.
I am always sympathetic when people loose their hard earned money in investment choices that don't pan out as they planned because I know raising capital is not easy but it still doesn't stop me from saying the hard truth.

Abeg, if you see where I talk say DS result bad, show me make I know when to begin go see my eye doctor.

Udo!!!

Sorry o, na one person them been dey call KarlTom talk am. I don do enough tik tok for today, I need to rest jare.

...

ositadima1:


Sorry o, na one person them been dey call KarlTom talk am. I don do enough tik tok for today, I need to rest .

megawealth01:
Cornerstone cooking good food?

Did you see the result or are you in it and looking for who to dump on? If none of the above, move on, there are better options if you are looking for capital appreciation.

Enough said for 1 week in 1 day. Back to Ghost mode.

KayOn1:


Did you see the result or are you in it and looking for who to dump on? If none of the above, move on, there are better options if you are looking for capital appreciation.

Enough said for 1 week in 1 day. Back to Ghost mode.

Cornerstone has a good oxygen now but no dey poo well.Maybe this time things go correct.
It is not a bad investment bro

ositadima1:


Sorry o, na one person them been dey call KarlTom talk am. I don do enough tik tok for today, I need to rest jare.

but Dang sugar result is just too bad. 68billion loss after tax. No be small thing. That person see the result before them post the thing.

LILBIMS:
Yes it is , any question ?

they are too slow even their customer service infact their services are poor

Mpeace:
but Dang sugar result is just too bad. 68billion loss after tax. No be small thing. That person see the result before them post the thing.

Can you pls post Dangote sugar Q1 result

Now you see that NASCON did perform 'well'

Mpeace:
Nascon did not perform well either.
This regime and their economic team ehhh. Their emphasis is on raising government revenue while companies and the masses suffer.

ndept:
Yes, I suspected he saw it this morning on ogas table when he went to carry the NGX opening bell

...

Locotrader:


Can you pls post Dangote sugar Q1 result