Premier paints

[anekwlc]

Nigeria: Shoreline Energy International Acquires 40 Percent Stake in Premier Paints.
Source: allAfrica.com: Nigeria: Shoreline Energy International Acquires 40 Percent Stake in Premier Paints (Page 1 of 1)

[newton]

They r the main owners of costain. Apache already made a post in this regard under a thread named costain

[hispy99]

Premier Paints unfolds market expansion agenda

Guardian Newspapers

[billions]

i cannot believe dat the price of premier paint moved from N1.21 to over 16 naira and i did not join the trip at anytime.it was 1.21 naira in jan dis yr and its now over 16 naira.

pls which stock will move like dat again?

[edwardaigbokhan]

Originally Posted by billions

i cannot believe dat the price of premier paint moved from N1.21 to over 16 naira and i did not join the trip at anytime.it was 1.21 naira in jan dis yr and its now over 16 naira.

pls which stock will move like dat again?

There was no way you could have seen this stock to buy till like 8 or 10 naira.

[BLUEMONEY]

Originally Posted by edwardaigbokhan

There was no way you could have seen this stock to buy till like 8 or 10 naira.

you are very correct. when the news that shoreline is buying a major stake in this company hit the market, the number of units available for sale was very few as usual.

[billions]

Originally Posted by edwardaigbokhan

There was no way you could have seen this stock to buy till like 8 or 10 naira.

okay...i dont normally follow penny stocks b4 but i will try to change my style now.thx.

[zainabusman]

Originally Posted by billions

okay...i dont normally follow penny stocks b4 but i will try to change my style now.thx.

This kind of astronomical price increases will be difficult to achieve with the new rule requiring at least 100,000 units to be traded b4 the price can move.

For example only 15,700 units were traded on May 16th and no volume today! So the price remains the same.

[Muaz]

Hi, This post of mine is very knowledgable and may enhance the information of the viewers , however I would like some specific information for myself. If someone can help me then please send me a private message. Best Regards,

[Abinishio]

Originally Posted by Muaz

Hi, This post of mine is very knowledgable and may enhance the information of the viewers , however I would like some specific information for myself. If someone can help me then please send me a private message. Best Regards,

What is your question here?

[hispy99]

Originally Posted by Abinishio

What is your question here?

Congratulations on your 100th post!

[tonidol]

Originally Posted by hispy99

Congratulations on your 100th post!

I throway salute o!!! Senior member status confirmed

[waaan5]

Originally Posted by Abinishio

What is your question here?

That's a Troll which should have been flagged! I would do just thatn now.

[emmanuel ewumi]

Beware of Shoreline,they drove the price of Constain from less than N4.00 to over N80.Now the same stock is selling for around N22.
They made a lot of billions,that their accout balance was noticed by the MD of the bank on the Zenith height.This MD had to hoste his big customers that is the Karim brothers to a private dinner.
This brothers that sold out at N80 are now buying back at about a quater of their sale price.Guys beware of Premier paint at the current price,there are better stocks to buy at this time.

[billions]

PREMIER PAINTS PLC
PERIOD 2-01-2007 TO 31-12-2007
2007 2006 %CHANGE
TURNOVER N186.017m N203.082m (8.4)
PROFIT BEFORE TAXATION N12.072m N12.869m (6)
TAXATION (N891.337) (N1.014m) (187)
PROFIT AFTER TAXATION N6.114m (N16.593m) (63)
RETAINED EARNINGS (N33.644m) (N39.759m) (184)
BALANCE SHEET INFORMATION
FIXED ASSETS N112.201m N110.082m
STOCK N28.036m N32.480m (13.68)
TRADE DEBTORS N22.290m N15.367m 45
CASH AND BANK BALANCES N1.121m N873.895 28
OTHER DEBIT BALANCE - -
TRADE CREDITS N59.461m N65.104m 8
SHORT TERM BORROWINGS N18.353m N10.251m 79.04
OTHER CREDIT BALANCES N580.676 N5.580m (89.59)
WORKING CAPITAL (N26.366m) N26.633m 198.99
NET ASSETS N85.254m N77.868m 94.86
AGM DECEMBER 11TH 2008 CLOSURE OF REGISTER 13TH
NOVEMBER TO 19TH NOVEMBER 2008

[hispy99]

PREMIER PAINTS PLC PERIOD AS AT 31ST DECEMBER 2008 AUDITED ACCOUNTS
PROFIT AND LOSS ACCOUNTS INFORMATION
TURNOVER 08 N234.925m 07 N186.017m
TAXATION 08 (N901.913) 07 (N891.337)
PROFIT AFTER TAXATION 08 N8.682m 07 N6.114m
RETAINED EARNINGS 08 NIL 07 (N33.644m)
BAL SHEET INFO FIXED ASSETS 08 N155.728m 07 N112.201m
STOCK 08 N36.431m 07 N28.036m
TRADE DEBTORS 08 N26.923m 07 N22.290m
CASH AND BANK BAL 08 N7.043m 07 N1.121m
TRADE CREDITS 08 N59.703m 07 N59.461m
SHORT TERM BORROWINGS 08 NIL 07 N18.353m
OTHER CREDIT BALANCES 08 N43.885m 07 N580.676
WORKING CAPITAL 08 N166.422m 07 N85.835m
NET ASSETS 08 N122.537m 07 N85.254m
CORPORATE ACTIONS PROPOSED BONUS ISSUE 1 FOR 5
ANNUAL GENERAL MEETING DATE: THURSDAY MAY 28TH 2009
CLOSURE OF REGISTER APRIL 23 TO 29 2009
VENUE: THE COMPANY'S HEAD OFFICE/FACTORY AT KM-2 IFO-IBOGUN ROAD IFO OGUN STATE AT 11am
PAYMENT DATE JUNE 4 2009 ANNUAL.

[123.rado]

PREMIER PAINTS PLC
04 August 2010
Audited Year Ended (December) 2009

Profit and Loss Information
Turnover 09 N223.511m 08 N234.925m
PBT 09 N6.648m 08 N9.584m
Tax 09 (N1.112m) 08 (N901,913)
PAT 09 N5.536m 08 N8.682m

Balance Sheet Information
Fixed Assets 09 N150.746m 08 N155.728m
Stock 09 N30.665m 08 N36.431m
Trade Debtors 09 N28.113m 08 N26.678m
Cash And Bank Balances 09 N1.676m 08 N7.043m
Other Debit Balances 09 N2.751m 08 N244,500
Trade Creditors 09 N19.208m 08 N33.666m
Short Term Borrowings 09 N23.836m 08 Nil
Other Credit Balances 09 N66.847m 08 N69.923m
Working Capital 09 (N20.402m) 08 N10.694m
Net Assets 09 N104.059m 08 N122.537m

Corporate Actions
Proposed Dividend:Nil
Proposed Bonus:Nil
Payment Date:Nil
Closure Date:2nd -8th September 2010
AGM Date:23rd September 2010
AGM Venue:Km 2 Ifo-Obogun Road Ifo, Ogun State

[baotoghile]

PREMIER PAINTS PLC
23 August 2011

Unaudited Q1 (March) 2011
Profit and Loss Information
Turnover 11 N26.591m 10 N58.147m
Cost Of Sales 11 (N19.286m) 10 (N42.689m)
Profit Before Tax 11 (N10.304m) 10 (N600,000)
Taxation 11 Nil 10 Nil Profit
After Tax 11 (N10.304m) 10 (N600,000)

Balance Sheet Information
Fixed Assets 31-03-11 N142.446m 31-12-10 N142.275m
Stock 11 N30.950m 10 N10.119m
Trade Debtors 11 N20.142m 10 N14.834m
Cash and Bank Balances 11 N30.446m 10 N754,000
Trade Creditors 11 N93.450m 10 (N106.574m)
Other Credit Balances 11 N125.341m 10 N76.130m
Working Capital 11 (N11.912m) 10 (N83.252m)
Net Assets 11 N5.193m 10 (N14.722m)
=============================================
Unaudited Q2 (June) 2011
Profit and Loss Information
Turnover 11 N85.628m 10 N108.098m
Cost Of Sales 11 (N61.845m) 10 (N80.193m)
Profit Before Tax 11 (N19.007m) 10 (N4.294m)
Taxation 11 Nil 10 Nil Profit
After Tax 11 (N19.007m) 10 (N4.294m)

Balance Sheet Information
Fixed Assets 30-06-11 N144.198m 31-12-10 N142.275m
Stock 11 N27.442m 10 N10.119m
Trade Debtors 11 N26.775m 10 N14.834m
Cash and Bank Balances 11 N14.902m 10 N754,000
Trade Creditors 11 N90.754m 10 (N106.574m)
Other Credit Balances 11 N126.072m 10 N76.130m
Working Capital 11 (N22.366m) 10 (N83.252m)
Net Assets 11 (N3.509m) 10 (N14.722m)

[knightofdelta]

And this stock is listed on the NSE...

[Oracle]

THE Nigerian STOCK EXCHANGE
Result Announcement
PREMIER PAINTS PLC
November 4, 2011
Unaudited Q3 (Sept.) 2011
Profit and Loss Information
Turnover 30/09/2011 N138.077m 30/09/2010 N138.729m Cost of Sales 11 (N105.569m) 10 (N110.486m) Selling, Distribution & Admin Expenses 11 (N60.515m) 10 (N62.732m) Other Income 11 Nil 10 Nil Interest and Similar charges 11 (N4.395m) 10 (N5.663m) Profit Before Tax 11 (N32.403m) 10 (N40.152m) Taxation 11 Nil 10 Nil Profit After Tax 11 (N32.403m) 10 (N40.152m)
Balance Sheet Information
Fixed Assets 30-09-11 N140.287m 31-12-10 N148.931m Investments 11 Nil 10 Nil Stocks 11 N23.351m 10 N20.563m Trade Debtors 11 N27.988m 10 N28.181m Cash and Bank Balances 11 N1.440m 10 N1.578m Other Debit Balances 11 N312,000 10 N1.942m Trade Creditors 11 N17.528m 10 N20.940m Short Term Borrowings 11 Nil 10 N39.598m Other Credit Balances 11 N222.974m 10 N108.449m Working Capital 11 N60.606m 10 N55.708m Net Assets 11 N47.125m 10 N32.208m
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil
Notes