Eterna oil

[123.rado]

Originally Posted by solo66

ETERNA PLC Unaudited Q3 June 2011
October 17, 2011
Unaudited Q3 September 2011
Profit and Loss Information
Turnover 30/09/2011 N27.571b 30/09/2010 N11.157b
Cost of Sales 11 (N25.931b) 10 (N9.938b)
Earnings before Interest & Tax 11 N1.824b 10 N1.427b
Interest Expenses 11 (N237.676m) 10 (N468.897m)
Profit Before Tax 11 N1.586b 10 N958.703m
Taxation 11 (N507.678m) 10 (N306.785m)
Profit After Tax 11 N1.078m 10 N651.918m)

Balance Sheet Information
Fixed Assets 30/09/2011 N1.133b 31/12/2010 N1.107b
Long term Prepayments 11 N4.910b 10 N5.134b
Stocks 11 N2.018b 10 N340.533m
Trade Debtors 11 N1.053b 10 N1.519b
Cash and Bank Balances 11 N360.717m 10 N261.798m
Other Debit Balances 11 N958.078m 10 N914.382m
Trade Creditors 11 N1.135b 10 N1.536b
Other Credit Balances 11 N3.596b 10 N3.118b
Working Capital 11 N1.712b 10 (N465.516m)
Net Assets 11 N5.702b 10 N1.623b

Abi I dey see double? What sort of calculation is this biko? Is the PAT not supposed to be in billions rather than millions quoted here? Even Proshare follow report this kind result.

This stock should have a Q3 eps of 86kobo and pe of 5.29x nah. Make dem no come cause confusion for person o abeg.

[solo66]

Originally Posted by 123.rado

Abi I dey see double? What sort of calculation is this biko? Is the PAT not supposed to be in billions rather than millions quoted here? Even Proshare follow report this kind result.

This stock should have a Q3 eps of 86kobo and pe of 5.29x nah. Make dem no come cause confusion for person o abeg.

make u use your tongue to count your teeth oooo. I just copy the nonsense and paste am like that, although I sabi say them commit foul for the PAT figure. This is Nigeria where round pegs are put in square holes. Many of the people working for The NSE may not appreciate the weight of the the errors between one zero and three zeros.

I strongly recommend that The NSE put very numerate and analytical men and women in positions that have to do with with this issue of results publication.

Even when the current figures are correct, the comparative figures are either against the wrong period or they are totally wrong when you recall what they published in that previous period.

[123.rado]

Originally Posted by solo66

make u use your tongue to count your teeth oooo. I just copy the nonsense and paste am like that, although I sabi say them commit foul for the PAT figure. This is Nigeria where round pegs are put in square holes. Many of the people working for The NSE may not appreciate the weight of the the errors between one zero and three zeros.

I strongly recommend that The NSE put very numerate and analytical men and women in positions that have to do with with this issue of results publication.

Even when the current figures are correct, the comparative figures are either against the wrong period or they are totally wrong when you recall what they published in that previous period.

The error is already causing wahala for this stock. Losing 22kobo with over 400thousand on offer and no bid at all. Na wa o.

[solo66]

Originally Posted by 123.rado

The error is already causing wahala for this stock. Losing 22kobo with over 400thousand on offer and no bid at all. Na wa o.

The stockbrokers want 'bail out' funds to restore market confidence when they can't help enforce simple timely, full, correct and adequate disclosure of company financial results and other relevant information.

For market confidence to be restored, let The NSE, among others, upload all electronic copies of all companies' financial information, etc to enable anybody anywhere in the world access and assess these companies.

[baotoghile]

Originally Posted by solo66

The stockbrokers want 'bail out' funds to restore market confidence when they can't help enforce simple timely, full, correct and adequate disclosure of company financial results and other relevant information.

For market confidence to be restored, let The NSE, among others, upload all electronic copies of all companies' financial information, etc to enable anybody anywhere in the world access and assess these companies.

ETERNA PLC
October 24, 2011 Unaudited Q3 (September 2011)
Profit and Loss Information
Turnover 30/09/2011 N27.571b 30/09/2010 N11.157b
Cost of Sales 11 (N25.931b) 10 (N9.938b)
Earnings before Interest & Tax 11 N1.824b 10 N1.427b
Interest Expenses 11 (N237.676m) 10 (N468.897m)
Profit Before Tax 11 N1.586b 10 N958.703m
Taxation 11 (N507.678m) 10 (N306.785m)
Profit After Tax 11 N1.078b 10 N651.918m

Balance Sheet Information
Fixed Assets 30/09/2011 N1.133b 31/12/2010 N1.107b
Long term Prepayments 11 N4.910b 10 N5.134b
Stocks 11 N2.018b 10 N340.533m
Trade Debtors 11 N1.053b 10 N1.519b
Cash and Bank Balances 11 N360.717m 10 N261.798m
Other Debit Balances 11 N958.078m 10 N914.382m
Trade Creditors 11 N1.135b 10 N1.536b
Other Credit Balances 11 N3.596b 10 N3.118b
Working Capital 11 N1.712b 10 (N465.516m)
Net Assets 11 N5.702b 10 N1.623b

Corporate Actions
Proposed Dividend Nil
Proposed Bonus Nil
Payment Date Nil
Closure Date Nil
AGM Date Nil
AGM Venue Nil
Notes


This result was presented last week but is being re-presented today to correct an observed error.

[nosa2]

Forward p.e of 4.3, e be like say this one cheap o! Especially for this sector

[1himself]

Originally Posted by nosa2

Forward p.e of 4.3, e be like say this one cheap o! Especially for this sector

When i read post without checking the poster and i see P.E i dont bother checking the poster...its oga Nosa...

My oga 2 much sweet result for NSE so sweet that wit each releases u feel like jumping into each coys...
I reallly wanna be an OLIVER TWIST in dss market...

Was wa8ting for Oando to come below N20 so i missed out FOR NOW..so i might use ds as an alernative...its just that one does not know if they will be givin out Div\bonus ds time around....
Oga Bato over to u.....

[Nelsonekos]

why the huge jump in turnover? is it one-off or sustainable?

[baotoghile]

Originally Posted by Nelsonekos

why the huge jump in turnover? is it one-off or sustainable?

You may visit Eterna Plc | The Energy Company that delivers exceptional value. Lisited coys from weakly regulated subsectors, unlike banking subsectors, are now increasingly posing more complex risk for investors who live at mercy of uncensored management of these listed but unregulated entities!!

[omowilly]

any news from this coy?

[Picolena66]

Originally Posted by omowilly

any news from this coy?

Hmmm..............Only that the stock been advancing all week long, but it may have something to do with Iran

3.50 NGN - Up 0.03 Rised - 0.86%

[omowilly]

RESULT ANNOUNCEMENT
ETERNA PLC
May 4, 2012
Audited Results (Dec, 2011)
PROFIT AND LOSS INFORMATION
Turnover 31-12-11 N41.068b 31-12-10 N14.138b
Cost of Sales 11 (N38.628b) 10 (N12.585b)
Other Income 11 N1.001b 10 N1.217b
Admin Expenses 11 (N1.290b) 10 (N1.010b)
Interest Expense (Net) 11 (N360.456m) 10 (N601.215m)
Profit before Tax 11 N1.789b 10 N1.159b
Taxation 11 (N578.726m) 10 (N436.979m)
Profit after Tax 11 N1.211b 10 N722.751m

BALANCE SHEET INFORMATION

Fixed Assets 31-12-11 N1.262b 31-12-10 N1.107b
Long term Prepayments 11 N4.831b 10 N5.134b
Stocks 11 N1.058b 10 N340.533m
Trade Debtors 11 N2.164b 10 N1.448b
Cash and Bank Balances 11 N1.155b 10 N261.798m
Other Debit Balances 11 N4.240b 10 N985.657m
Trade Creditors 11 N495.350m 10 N787.164m
Short term Borrowings 11 N669.814m 11 Nil
Other Credit Balances 11 N7.711b 10 N3.867b
Working Capital 11 (N18.308m) 10 (N465.517m)
Net Assets 11 N5.834b 10 N4.623b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Nil
Closure Date
Nil
AGM Date
Nil
Payment Date
Nil
AGM Venue
Nil
Notes

[cashrules]

ETERNA PLC
May 7th 2012
Unaudited Results (March, 2012)
Statement of Comprehensive Income
Turnover 31/03/2012 N41.240b 31/03/2011 N3.837b 31/12/2011 N41.068b
Cost of Sales 12 (N40.292b) 11 (N3.274b) Audited 11 (N38.628b)
Other Income 12 N16.196m 11 N343.274m Audited 11 N1.001b
Admin & Other Expenses 12 (N281.319m) 11 (N262.719m) Audited 11 (N1.290b)
Interest Expenses 12 (N76.683m) 11 (N79.983m) Audited 11 N(360.456m)
Profit before Tax 12 N605.646m 11 N563.115m Audited 11 N1.789b
Taxation 12 (Nil) 11 (Nil) Audited 11 (N578.726m)
Profit after Tax 12 N605.646m 11 N563.115m Audited 11 N1.211b

Statement of Financial Position
Plant, Property & Equipment 31-03-12 N1.360b 31-12-11 N1.262b
Long term Prepayments 12 N4.804b 11 N4.831b
Stocks 12 N3.059b 11 N1.058b
Trade Receivables 12 N1.944b 11 N2.164b
Cash and Bank Balances 12 N977.836m 11 N1.155b
Other Debit Balances 12 N1.873b 11 N4.240b
Trade Payables 12 N3.012b 11 N495.350m
Short Term Borrowings 12 N446.206m 11 N669.814m
Other Credit Balances 12 N4.120b 11 N7.711b
Working Capital 12 N753.222m 11(N18.308m)
Net Assets 12 N6.440b 11 N5.834b

[solo66]

Originally Posted by cashrules

ETERNA PLC
May 7th 2012
Unaudited Results (March, 2012)
Statement of Comprehensive Income
Turnover 31/03/2012 N41.240b 31/03/2011 N3.837b 31/12/2011 N41.068b
Cost of Sales 12 (N40.292b) 11 (N3.274b) Audited 11 (N38.628b)
Other Income 12 N16.196m 11 N343.274m Audited 11 N1.001b
Admin & Other Expenses 12 (N281.319m) 11 (N262.719m) Audited 11 (N1.290b)
Interest Expenses 12 (N76.683m) 11 (N79.983m) Audited 11 N(360.456m)
Profit before Tax 12 N605.646m 11 N563.115m Audited 11 N1.789b
Taxation 12 (Nil) 11 (Nil) Audited 11 (N578.726m)
Profit after Tax 12 N605.646m 11 N563.115m Audited 11 N1.211b

Statement of Financial Position
Plant, Property & Equipment 31-03-12 N1.360b 31-12-11 N1.262b
Long term Prepayments 12 N4.804b 11 N4.831b
Stocks 12 N3.059b 11 N1.058b
Trade Receivables 12 N1.944b 11 N2.164b
Cash and Bank Balances 12 N977.836m 11 N1.155b
Other Debit Balances 12 N1.873b 11 N4.240b
Trade Payables 12 N3.012b 11 N495.350m
Short Term Borrowings 12 N446.206m 11 N669.814m
Other Credit Balances 12 N4.120b 11 N7.711b
Working Capital 12 N753.222m 11(N18.308m)
Net Assets 12 N6.440b 11 N5.834b

This turnover is questionable.

[123.rado]

Originally Posted by solo66

This turnover is questionable.

It is just a typo. The turnover should read N4.1240b and the cost of sales is N4.0292b.