NewStats: 3,264,094 , 8,182,584 topics. Date: Monday, 09 June 2025 at 04:23 PM 6q1g2d

Princkez:
Bought some UCAP @#18...

Nice move!
Many will remain misled by comparing EPS between 2023 FY and 2024 FY.
1. Operating income about doubled - organic growth

2. Cash and cash equivalents doubled - Asset growth, tool for expansion

3. Total expense halved, net operating income almost doubled - Increased efficiency

4. Actual profit for the year more than doubled - Income growth

5. Net cash from operating activities tripled - tool for expansion, evidence of real business growth. Cash flow is growing aggressively.

2023 gross earnings and EPS was boosted by artificial items or one time valuation gains such as forex (Notes 7 and 35.2).

UCAP remains a money spinner for value investors. It will take more than unfavorable economic policies, aggressive targeted regulations, poor management and other unimaginable enemies of business/economy to destroy the future ahead of this company.

Their raw material is cash, their product is cash, they do most of what banks do, but are not aggressively regulated like banks. The microfinance arm is a highway to grabbing every dime on the streets and local markets. I go hold this one tight, even if money to top up no dey.

Capitas7:

Nice move!
Many will remain misled by comparing EPS between 2023 FY and 2024 FY.
1. Operating income about doubled - organic growth

2. Cash and cash equivalents doubled - Asset growth, tool for expansion

3. Total expense halved, net operating income almost doubled - Increased efficiency

4. Actual profit for the year more than doubled - Income growth

5. Net cash from operating activities tripled - tool for expansion, evidence of real business growth. Cash flow is growing aggressively.

2023 gross earnings and EPS was boosted by artificial items or one time valuation gains such as forex (Notes 7 and 35.2).

UCAP remains a money spinner for value investors. It will take more than unfavorable economic policies, aggressive targeted regulations, poor management and other unimaginable enemies of business/economy to destroy the future ahead of this company.

Their raw material is cash, their product is cash, they do most of what banks do, but are not aggressively regulated like banks. The microfinance arm is a highway to grabbing every dime on the streets and local markets. I go hold this one tight, even if money to top up no dey.

like one oga said.You talked about a business and some are talking about a stock.
The business is wonderfully made and doing great..They really know how to multiple the money they got from the bonus issued.

I am looking forward to see which bank can do same from recapitalisation money.I am betting on gtbank and uba in such regards based on q1 2025 results.

I will definitely buy back the ucap I sold to take position in another stock

FG Confirms Plan To Pay ₦7.7 Trillion Fuel Subsidy Debts To NNPC


https://saharareporters.com/2025/03/04/nigerian-government-confirms-plan-pay-n77trillion-fuel-subsidy-debts-nnpcl

ALHAJI refinery really put these guys on their toes

Streetinvestor2:
like one oga said.You talked about a business and some are talking about a stock.
The business is wonderfully made and doing great..They really know how to multiple the money they got from the bonus issued.

I am looking forward to see which bank can do same from recapitalisation money.I am betting on gtbank and uba in such regards based on q1 2025 results.

I will definitely buy back the ucap I sold to take position in another stock

Very true Oga Street!
I'm looking forward to UBA's performance too.

I guess you sold after the bonus issue. I'm sure it's worth buying back as it reaches panic-sell lows.

yMcy56:
See as UCAP brought red to the market since yesterday....
*Edited....market not smiling today....

Mercy the Analyst you are doing a good job, ever consistent, Good to read from you here its been long years? Where are the likes of OGG, Currentprice, Rabidoracle , have they changed Monikers?

PuristForest:
buy transcorp in 2 weeks

On feb 19,, I said buy transcorp in 2 weeks, tomorrow will be 2 weeks, this is when you should START thinking about buying transcorp...best not to buy all at once. dont buy above 51....enjoy

omowesites:
Good day, everyone,

I understand that FCMB public offer shares have been allotted. How can I check my allotment?

Also, is there any timeline for when Fidelity Bank shares will be allotted?

Send an email to your stockbroker and ask for your current cscs statement. If your subscription form was filled out correctly with your cscs number and CHN indicated, both stocks will be in your cscs. The shares of both companies were allotted in February.

yMcy56:

No

alright thank you

idealtailor:
Please which of these will you recomend a new investor to add to his portfolio?
dangote cement, fbn, Jaiz bank, okomu oil, presco, livestock, scoa, Juli plc, nem insurance.

It depends on the type of investor you are or you chose to be.
* If you plan to buy for long term, and possibly topping up when it dips then all are good aside SCOA and JULI which I don't have much insight into for now.

If you look at picking one of them, then one of my Ogas here already told you which one to pick first......
DANGCEM

My own other picks will be due to possibility of more rooms to grow and liquidity compared to those big Caps (maybe it's personal sha, I don't know):
LIVESTOCK
JAIZBANK
FBNH
PRESCO
NEM

** Note: You can always pick these stocks during "downtime" when some of them will shed weight in of share price.

Other Ogas here can also contribute so s/he can pick the best in order of Fundamentals.

Tvegas:
Mercy the Analyst you are doing a good job, ever consistent, Good to read from you here its been long years? Where are the likes of OGG, Currentprice, Rabidoracle , have they changed Monikers?

Compliments sir.
You've been away for long sir!
Wetin you bring come for me? 😁

The Oga patapatas that you asked of are no longer active here again.... ASIDE Oga that used to show once in a while.
Agba is still here and active, so also Pa Emma. 😊

NASCON
Corporate Action....

Final dividend: N2.00k
Qualification Date: 16th April, 2025
Payment Date: 9th May, 2025

https://doclib.ngxgroup.com/Financial_NewsDocs/43268_NASCON_ALLIED_INDUSTRIES_PLC-2025_CORPORATE_ACTIONS_NOTICE_CORPORATE_ACTIONS_MARCH_2025.pdf

yMcy56:

Compliments sir.
You've been away for long sir!
Wetin you bring come for me? 😁

The Oga patapatas that you asked of are no longer active here again.... ASIDE Oga that used to show once in a while.
Agba is still here and active, so also Pa Emma. 😊

Someone here doesn't like it when people are being called oga, may be out of envy
Just watch out

Laso09:


Someone here doesn't like it when people are being called oga, may be out of envy
Just watch out

Rabble-ro

Key insight in sugar financial prints

Sugar with unrealized fx loss of 201b
Direct overhead of 52b
Cost of raw materials of 546b
Biological asset/sugar cane 19b
Net asset per share of 17.47

in reality did dangotesugar actually made loss?


Well no wahala we know what to do, just bring the price down by another 10% tomorrow.

Shalom428:
Caverton is now in t venture with NNPC and Stena Bulk on Maritime Transportation in West Africa.

Really?! wow, thanks!

yMcy56:

Possibly because of one recent positive news.....
If I see am, I go paste am on this post

Thank you mama

Jeez2:


Really?! wow, thanks!

low margin cyclical business. Enjoy the rise and run

Good evening PuristForest.
Please when is ideal price for Buying Guinea Insurance PLC.
Please help me check TA chart
Please I appreciate your response

PuristForest:
On feb 19,, I said buy transcorp in 2 weeks, tomorrow will be 2 weeks, this is when you should START thinking about buying transcorp...best not to buy all at once. dont buy above 51....enjoy

Good evening PuristForest.
Please when is ideal price/ range for Buying Guinea Insurance PLC.
Please help me check TA chart
Please I appreciate your response

crownprince2017:
Key insight in sugar financial prints

Sugar with unrealized fx loss of 201b
Direct overhead of 52b
Cost of raw materials of 546b
Biological asset/sugar cane 19b
Net asset per share of 17.47

in reality did dangotesugar actually made loss?


Well no wahala we know what to do, just bring the price down by another 10% tomorrow.

With EPS of Minus 15 which is 2x that of the previous fy. Not encouraging IMO but will remain in the boat sha

ojeysky:


With EPS of Minus 15 which is 2x that of the previous fy. Not encouraging IMO but will remain in the boat sha

We are talking of total loss you are talking about eps, where did eps come from..

Take the loss out of the unrealized fx of 201b and tell me the eps again.

crownprince2017:


We are talking of total loss you are talking about eps, where did eps come from..

Take the loss out of the unrealized fx of 201b and tell me the eps again.

Are we looking at the same document? It’s really strange how far our minds can go in twisting evidence once we are invested in a stock.

Even with the ₦208 billion unrealized FX loss—if we exclude that figure—DangSugar would still have recorded a significant loss. Finance costs ballooned from ₦29 billion to ₦53 billion, which is far above the gross profit of ₦31 billion. And this isn’t even considering operating profit, which is even lower at ₦12.7 billion.

Did you notice that performance is worse than the previous year? Gross profit dropped from ₦86 billion to ₦31 billion, while operating profit fell from ₦72.7 billion to ₦12.7 billion.

My friend, even at below ₦30 per share, this stock is very risky. They haven't found a solution to their problems yet. The only possible fix I see is raising product prices—but how will customers react to that? I don’t know.

To newbies like me, please take the time to examine the financials. Don’t just accept what this guy, me, or anyone else here says as fact. Some people distort reality for personal interests.

They used asset revaluation to mislead people—lol, very clever gimmicks. Any company on the NGX could add extra billions just by revaluing its assets, not just DangSugar.

My plot of land, which was worth ₦2 million before Tinubu, is now valued at over ₦6 million. Does that mean I’m actually richer?

If you're on the wrong train, get off at the next station - the longer you stay , the more expensive the return trip will be

DS is in trouble and there is no end in sight, that is the truth and nothing but the truth. If you plan to stay because of the potential merger, it's best to align with Nascon for now, at least, you go dey use dividends hold body and if merger finally happens , you go still chop inside

ositadima1:
They used asset revaluation to mislead people—lol, very clever gimmicks. Any company on the NGX could add extra billions just by revaluing its assets, not just DangSugar.

My plot of land, which was worth ₦2 million before Tinubu, is now valued at over ₦6 million. Does that mean I’m actually richer?

I beg to disagree with you.The revaluation was not based on assets. The valuation on biological assets take care on that.
When I checked dangota sugar and IB results at the pick of these loses. This are two companies I am in big afolabi units. So I wanted to know the major cause of the loss.I saw the loss was on forex then.The difference was IB forex loss was already realised on large scale and nothing could change it.That of sugar was not yet realised on large scale.
The revaluation is from the revaluation on that loss based on the strengthening of naira against dollars. That is why it was classified as income and taxed
The company still has 200B plus unrealised loss which some could be written back in future if naira still strength further at payment time. Technically looking sugar made no loss as equally all those big losses you saw in the past wr just ed for but not yet realised. This means most of thr forex dealings are forward on dollars which could change in value at future payments date.That means sugar is not buying thr raw materials on cash and carry bases.

The backward integration will only reduce forex exposure.The results of sugar for this year will definitely be much better because alhaji has added true cost to sugar now based on exchange rate.
The only problem sugar has now is the cost of finance which should go down soon because rates will definitely drop as other government rates drop

Thank you so much for this insight analysis. I was already looking at the same companies you picked due to the research I have done on them.
May God bless you for doing this for free.

yMcy56:

It depends on the type of investor you are or you chose to be.
* If you plan to buy for long term, and possibly topping up when it dips then all are good aside SCOA and JULI which I don't have much insight into for now.

If you look at picking one of them, then one of my Ogas here already told you which one to pick first......
DANGCEM

My own other picks will be due to possibility of more rooms to grow and liquidity compared to those big Caps (maybe it's personal sha, I don't know):
LIVESTOCK
JAIZBANK
FBNH
PRESCO
NEM

** Note: You can always pick these stocks during "downtime" when some of them will shed weight in of share price.

Other Ogas here can also contribute so s/he can pick the best in order of Fundamentals.

First Bank building 40 storey head office at Eko Atlantic City... Misplaced priority?

Thank you so much. Please what do you think about Caverton, now they are expanding thier business.
It's it a good time to buy?

Youngzedd:


dangote cement
fbn
presco

* I would rather replace NEM with MANSARD when it goes below 9 naira, averaging down.


Whisper: As a beginner who wants to build a solid portfolio. Pick one MOAT stock from each sector. Also, try to target oversold stocks, don't FOMO.

MOAT - "In stock market , a "moat" refers to a company's sustainable competitive advantage, essentially acting as a barrier that protects it from competitors, allowing it to maintain profitability and market share over a long period, similar to the moat surrounding a medieval castle; the wider the moat, the stronger the company's competitive edge." - Gemini


#NFA
#DYOR
#DD

Streetinvestor2:
I beg to disagree with you.The revaluation was not based on assets. The valuation on biological assets take care on that.
When I checked dangota sugar and IB results at the pick of these loses. This are two companies I am in big afolabi units. So I wanted to know the major cause of the loss.I saw the loss was on forex then.The difference was IB forex loss was already realised on large scale and nothing could change it.That of sugar was not yet realised on large scale.
The revaluation is from the revaluation on that loss based on the strengthening of naira against dollars. That is why it was classified as income and taxed
The company still has 200B plus unrealised loss which could be written back in future if naira still strength further at execution time. Technically looking sugar made no loss as equally all those big losses you saw in the past wr just ed for but not yet realised. This means most of thr forex dealings are forward on dollars which could change in value at future payments date.That means sugar is not buying thr raw materials on cash and carry bases.

The backward integration will only reduce forex exposure.The results of sugar for this year will definitely be much better because alhaji has added true cost to sugar now based on exchange rate.
The only problem sugar has now is the cost of finance which should go down soon because rates will definitely drop as other government rates drop

Emotions are clouding your judgment. Where was the revaluation taxed, if I may ask? Look carefully—it is below the profit for the year. That’s why the EPS is negative. If you add back the revaluation, the EPS will turn positive. They simply played on your intelligence.

Did you notice the interest expense? Isn’t it higher than the actual profit from operations? And did you read where I mentioned that even if you remove the ₦208 billion, the company would still be in losses?

Can you provide your own summary of the financials—just the raw figures? I want to see your calculations. Like I said before, don’t let stubbornness and emotions cloud your judgment.

In one of Trump's interviews, the interviewer asked him, "What if Russia breaks the proposed ceasefire?" Trump replied, "Too many what-ifs. What if a bomb falls on your head right now?" LOL.

Are you really going to base your investment thesis on the Naira strengthening back to below ₦1,000? I thought you were a street guy—maybe I was wrong.



One more thing—if the losses are unrealized, why did they include them there instead of below the profit for the year? Everything that contributes to the profit for the year has already been ed for.

yMcy56:
NASCON
Corporate Action....

Final dividend: N2.00k
Qualification Date: 16th April, 2025
Payment Date: 9th May, 2025

https://doclib.ngxgroup.com/Financial_NewsDocs/43268_NASCON_ALLIED_INDUSTRIES_PLC-2025_CORPORATE_ACTIONS_NOTICE_CORPORATE_ACTIONS_MARCH_2025.pdf

Please what do you think about Caverton, now they are expanding thier business.
It's it a good time to buy?

idealtailor:
Thank you so much. Please what do you think about Caverton, now they are expanding thier business.
It's it a good time to buy?

No idea.

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/TANTALIZERS_PLC_ACQUIRES_10_TRAWLERS_.pdf