Uacn

[muranay@yahoo.com]

UAC Of Nigeria Plc : Appointments - Proshare

[hispy99]

UAC of Nigeria Plc: Unbundling of Divisions and Proposed Venture with Tiger Brands, South Africa - Proshare

[muranay@yahoo.com]

UAC Plc releases Q1 and Q4 2011 forecast with N6.23 billion PAT forecast in Q4 - Proshare

[BigSeun]

UACN PLC
Audited Report for the Year ended 31st December 2010
2010 2009 %
mn mn
TURNOVER 52,313.00 56,604.00 -7.58%
PROFIT AFTER TAX 7,093.00 8,078.00 -12.19%
PROFIT BEFORE TAX 5,450.00 6,177.00 -11.77%

Proposed Dividend 110 kobo
Bonus -
Closure Date 23-May-11
Payment Date 15-Jun-11

[123.rado]

Originally Posted by BigSeun

UACN PLC
Audited Report for the Year ended 31st December 2010
2010 2009 %
mn mn
TURNOVER 52,313.00 56,604.00 -7.58%
PROFIT AFTER TAX 7,093.00 8,078.00 -12.19%
PROFIT BEFORE TAX 5,450.00 6,177.00 -11.77%

Proposed Dividend 110 kobo
Bonus -
Closure Date 23-May-11
Payment Date 15-Jun-11

UAC GROUP PLC
05 April 2011
Audited Year Ended (December) 2010

Profit and Loss Information
Turnover 10 N52.313b 09 N56.604b
Profit Before Tax 10 N7.093b 09 N8.076b
Taxation 10 (N1.642b) 09 (N1.899b)
Profit After Taxation 10 N5.450b 09 N6.177b

Balance Sheet Information
Fixed Assets 10 N30.355b 09 N30.131b
Investments 10 N21.115b 09 N24.206b
Stock 10 N8.440b 09 N10.244b
Trade Debtors 10 N5.373b 09 N3.796b
Cash And Bank Balances 10 N7.246b 09 N5.530b
Other Debit Balances 10 N29.841b 09 N20.181b
Trade Creditors 10 N7.707b 09 N7.688b
Short Term Borrowings 10 N7.081b 09 N15.173b
Other Credit Balances 10 N41.995b 09 N26.265b
Working Capital 10 N16.486b 09 (N110.590m)
Net Assets 10 N45.587b 09 N44.963b

Corporate Actions
Proposed Dividend: 110kobo
Proposed Bonus: Nil
Payment Date: 15th June 2011
Closure Date: 23rd – 27th May 2011
AGM Date: 15th June 2011
AGM Venue: Nil

[aysok1]

Result Announcement
UAC NIGERIA PLC
3 May 2011
Unaudited Q1 (March) 2011
Profit and Loss Information
Turnover 11 N12.533b 10 N10.912b Profit Before Tax & Minority Interests 11 N1.182b 10 N1.024b Taxation 11 (N351.288m) 10 (N299.952m) Minority Interests 11 (N367.397m) 10 (N302.797m) Profit After Tax 11 N464.296m 10 N422.088m
Balance Sheet Information
Fixed Assets 31-03-11 N29.169b 31-12-10 N30.355b Stock 11 N9.325b 10 N8.440b Trade Debtors 11 N2.702b 10 N5.373b Cash and Bank Balances 11 N7.096b 10 N7.246b Other Debit Balances 11 N55.697b 10 N50.957b Trade Creditors 11 N4.822b 10 N7.707b Short Term Borrowings 11 N9.834b 10 N7.081b Other Credit Balances 11 N45.997b 10 N41.995b Working Capital 11 N14.493b 10 N16.486b Net Assets 11 N43.337b 10 N45.587b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil

[knightofdelta]

Kindly be informed that UACN Plc have just released their unaudited results for the period ended June 30, 2011.

• Turnover ‘11 N27.101b ‘10 N23.773b
• Profit Before Tax ’11 N9.071b ‘10 N3.212b
• Tax ’11 N(1.294b) ’10 N(0.988b)
• Profit After Taxation ‘11 N7.777b ’10 N2.224b

[nosa2]

Originally Posted by knightofdelta

Kindly be informed that UACN Plc have just released their unaudited results for the period ended June 30, 2011.

• Turnover ‘11 N27.101b ‘10 N23.773b
• Profit Before Tax ’11 N9.071b ‘10 N3.212b
• Tax ’11 N(1.294b) ’10 N(0.988b)
• Profit After Taxation ‘11 N7.777b ’10 N2.224b

Wow! What new business did they start

[horlads]

Originally Posted by knightofdelta

Kindly be informed that UACN Plc have just released their unaudited results for the period ended June 30, 2011.

• Turnover ‘11 N27.101b ‘10 N23.773b
• Profit Before Tax ’11 N9.071b ‘10 N3.212b
• Tax ’11 N(1.294b) ’10 N(0.988b)
• Profit After Taxation ‘11 N7.777b ’10 N2.224b

Originally Posted by nosa2

Wow! What new business did they start

I'm thinking the leap in profits have to do with the transaction they did with Tiger Brands....some exceptional item....

[knightofdelta]

Originally Posted by horlads

I'm thinking the leap in profits have to do with the transaction they did with Tiger Brands....some exceptional item....

I agree. Because the turnover is not inline with the profits...

[nosa2]

Originally Posted by knightofdelta

I agree. Because the turnover is not inline with the profits...

Hmm. . . So we should be looking for exceptional dividend come year end, seems I might just become a shareholder before then

[BigSeun]

Originally Posted by nosa2

Wow! What new business did they start

Originally Posted by nosa2

Wow! What new business did they start

UAC OF NIGERIA PLC
02 August 2011
Unaudited Q2 (June) 2011
Profit and Loss Information
Turnover 11 N27.101b 10 N23.773b
Cost Of Sales 11 (N19.178b) 10 (N16.879b)
Profit Before Tax 11 N9.071b 10 N3.212b
Taxation 11 (N1.294b) 10 (N988.388m)
Profit After Tax 11 N7.777b 10 N2.224b

Balance Sheet Information
Fixed Assets 30-06-11 N30.041b 31-12-10 N30.355b
Long Term Invesments 11 N2.253b 10 N2.253b
Stock 11 N8.006b 10 N8.440b
Trade Debtors 11 N4.205b 10 N5.373b
Cash and Bank Balances 11 N13.111b 10 N7.246b
Other Debit Balances 11 N51.596b 10 N29.841b
Trade Creditors 11 N4.055b 10 N4.707b
Short Term Borrowings 11 N3.964b 10 N7.081b
Other Credit Balances 11 N49.668b 10 N42.890b
Net Assets 11 N40.311b 10 N36.406b

[waaan5]

Originally Posted by horlads

I'm thinking the leap in profits have to do with the transaction they did with Tiger Brands....some exceptional item....

Originally Posted by nosa2

Hmm. . . So we should be looking for exceptional dividend come year end, seems I might just become a shareholder before then

"Please find below our Research Note expressing our initial thoughts on the recently released H1 2011 results by UAC of Nigeria Plc.



UAC of Nigeria Plc (UACN) today released its unaudited financial results for the half year ended 30 June 2011. Turnover grew by 14.0% to N27.1bn from the N23.8bn reported in Q2 2010, while PBT and PAT increased by 15.2% and 8.2% from N3.2bn and N2.2bn to N3.7bn and N2.4bn respectively. The company also reported an extra-ordinary item of N5.4bn, representing the proceeds of the 49.0% stake in UAC Foods division sold to Tiger Brands. Quarter-on-quarter, the Company grew turnover by 16.2% to N14.6bn, with an increase of 113.0% and 89.6% in PBT and PAT to N2.5bn and N1.6bn from Q1 2011 levels respectively.



On the strength of this performance, UACN trades at a trailing P/E of 11.6x earnings based on an EPS of N3.41 and current market price of N39.50 (as at August 02, 2011). This is a discount to its peer average trailing P/E of 16.1x. We remain positive on the long term prospects on UACN, particularly with the anticipated impact of the strategic move by the Company in the Foods Division. We place an ACCUMULATE recommendation on the stock having established a target price of N44.76 based on a blend of valuation methodologies, which implies a 13.3% upside potential to its current price. "

[horlads]

Originally Posted by waaan5

"Please find below our Research Note expressing our initial thoughts on the recently released H1 2011 results by UAC of Nigeria Plc.



UAC of Nigeria Plc (UACN) today released its unaudited financial results for the half year ended 30 June 2011. Turnover grew by 14.0% to N27.1bn from the N23.8bn reported in Q2 2010, while PBT and PAT increased by 15.2% and 8.2% from N3.2bn and N2.2bn to N3.7bn and N2.4bn respectively. The company also reported an extra-ordinary item of N5.4bn, representing the proceeds of the 49.0% stake in UAC Foods division sold to Tiger Brands. Quarter-on-quarter, the Company grew turnover by 16.2% to N14.6bn, with an increase of 113.0% and 89.6% in PBT and PAT to N2.5bn and N1.6bn from Q1 2011 levels respectively.



On the strength of this performance, UACN trades at a trailing P/E of 11.6x earnings based on an EPS of N3.41 and current market price of N39.50 (as at August 02, 2011). This is a discount to its peer average trailing P/E of 16.1x. We remain positive on the long term prospects on UACN, particularly with the anticipated impact of the strategic move by the Company in the Foods Division. We place an ACCUMULATE recommendation on the stock having established a target price of N44.76 based on a blend of valuation methodologies, which implies a 13.3% upside potential to its current price. "

I personally discount the fact that UACN is a conglomerate and the profits which are due to minority shareholders is huge which invariably, affect their ability to pay bumper dividends....

On a lighter note, I remember when CSL was bullish on the stock...It never achieved the potential CSL accrued to it and I don't see it doing the same any time soon... (KOD, na play i dey play ooh)

[Waves]

Nigerian conglomerate UAC plans aggressive growth | News by Country | Reuters

'...UAC plans to turn its restaurant business into a subsidiary by year end and has signed a management agreement with a global partner..''

I hope it is Mc Donalds.

[Salida]

Equity Research Report : UAC of Nigeria Plc

[BigSeun]

UAC OF NIGERIA PLC
October 31, 2011
Unaudited Q3 (Sept.) 2011
Profit and Loss Information
Gross Earnings 30/09/2011 N44.6b 30/09/2010 N37.11b
Cost of Sales 11 (N33.2b) 10 (N26.6b)
Operating Expenses 11 (N5.48B) 10 (N5.27b)
Other Income 11 N6.33B 10 N1.06B
Interest Charges 11 (N1.21B) 10 (N1.15B)
Profit Before Tax 11 N11.04b 10 N5.13b
Taxation 11 (N1.41B) 10 (N1.29B)
Profit After Tax 11 N9.63b 10 N3.83b.

Balance Sheet Information
Fixed Assets 30-09-11 N29.83b 31-12-10 N30.35b
Long term Investments 11 N290.7M 10 N2.25b
Short term Investments 11 N7.77b 10 N8.44b
Trade Debtors 11 N3.57b 10 N5.37b
Cash and Bank Balances 11 N14.46b 10 N7.25b
Other Debit Balances 11 N26.61b 10 N27.49b
Trade Creditors 11 N5.68b 10 N7.7b
Short Term Borrowings 11 N10.11b 10 N7.08b
Other Credit Balances 11 N19.31b 10 N17.27b
Working Capital 11 N17.31b 10 N16.48b
Net Assets 11 N51.14b 10 N45.59b

[goldsun]

While looking at the annual report of this company i saw a column called non controlling interest, the value of which is deducted from thier PAT and net current asset. House pls explain this

[horlads]

Originally Posted by goldsun

While looking at the annual report of this company i saw a column called non controlling interest, the value of which is deducted from thier PAT and net current asset. House pls explain this

Non-controlling interest is d portion of profits that they do not own. For instance, UACN Group is a conglomerate of companies (CAP Plc, UACN-Prop, UACN Foods etc are all subsidiaries). They don't own those companies 100%, so the percentage of profits coming from CAP Plc that belongs to other shareholders will be stated as non-controlling interests when they report the results for UACN Group. You can read more (via google) on subsidiaries and contrast them from associate companies.

[dr.abrahamb]

Originally Posted by goldsun

While looking at the annual report of this company i saw a column called non controlling interest, the value of which is deducted from thier PAT and net current asset. House pls explain this

Originally Posted by horlads

Non-controlling interest is d portion of profits that they do not own. For instance, UACN Group is a conglomerate of companies (CAP Plc, UACN-Prop, UACN Foods etc are all subsidiaries). They don't own those companies 100%, so the percentage of profits coming from CAP Plc that belongs to other shareholders will be stated as non-controlling interests when they report the results for UACN Group. You can read more (via google) on subsidiaries and contrast them from associate companies.

Oga horlads, abeg na which one PREFERENCE SHARES come be? Because i dey see the same effect wey this non-controlling interest get for UAC Income Statement for Zenith bank too, the only difference be say Zenith no dey subtract im own from current assets but from profit-after tax (before them go come share the rest for common shareholders like us).

Are they the same?