Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Nigerian Stock Exchange

Nigerian Stock Exchange The Nigerian Stock Exchange, Stock brokers, CSCS

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #24001 (permalink)  
Old 17th November 2012, 02:30 PM
dr dowell's Avatar
Rank: Senior Member
Points: 3,037, Level: 33
Points: 3,037, Level: 33 Points: 3,037, Level: 33 Points: 3,037, Level: 33
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2012
Posts: 766
Thanks: 8
Thanked 21 Times in 20 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
dr dowell is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
I understand the issues with this company and I understand why KOD is apprehensive but my grouse with rating stocks based on various metrices is that on their own they don't always tell the full story.

Is Ikeja hotel slowly destroying shareholder value? Yes, but at current price the company is trading at such a huge discount that it'll take decades of continous destruction for a current buyer to make a loss.

That being said, there are so many once in a lifetime opportunities that that the opportunity cost of holding Ikeja holel is just too great for me hence I sold off my holdings.
There are issues I would like to be fully explained.(1) destroying shareholders value. Looking at their 2010 AGM report shareholders fund increased . Is co operate governance included in shareholder Value? (2) Why would they be destroying shareholders value since they want to come and raise fund from capital market when things stabilize. Will it not affect the out come? (3) having study reasons for late release of results, I discovered that Ikeja hotel release 2005 audited result in Nov 2006 even before public listing. I think it is because of regulatory lapses that allowed such abnormality to continue even after listing.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24002 (permalink)  
Old 17th November 2012, 03:59 PM
nosa2's Avatar
Rank: Senior Member
Points: 39,185, Level: 100
Points: 39,185, Level: 100 Points: 39,185, Level: 100 Points: 39,185, Level: 100
Activity: 9%
Activity: 9% Activity: 9% Activity: 9%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,328
Thanks: 541
Thanked 246 Times in 221 Posts
Groans: 52
Groaned at 8 Times in 8 Posts
Blog Entries: 6
Rep Power: 12
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
There are issues I would like to be fully explained.(1) destroying shareholders value. Looking at their 2010 AGM report shareholders fund increased . Is co operate governance included in shareholder Value? (2) Why would they be destroying shareholders value since they want to come and raise fund from capital market when things stabilize. Will it not affect the out come? (3) having study reasons for late release of results, I discovered that Ikeja hotel release 2005 audited result in Nov 2006 even before public listing. I think it is because of regulatory lapses that allowed such abnormality to continue even after listing.
Had you used the word please you'd have gotten a response from me but you didn't so you won't.
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24003 (permalink)  
Old 17th November 2012, 04:13 PM
dr dowell's Avatar
Rank: Senior Member
Points: 3,037, Level: 33
Points: 3,037, Level: 33 Points: 3,037, Level: 33 Points: 3,037, Level: 33
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2012
Posts: 766
Thanks: 8
Thanked 21 Times in 20 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
dr dowell is on a distinguished road
Angry Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
Had you used the word please you'd have gotten a response from me but you didn't so you won't.
Oga mi. Treasure of wisdom. Pillar of experience. Please explain. Ejoo.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24004 (permalink)  
Old 17th November 2012, 06:29 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 83,272, Level: 100
Points: 83,272, Level: 100 Points: 83,272, Level: 100 Points: 83,272, Level: 100
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Aug 2007
Location: Chicago
Posts: 26,239
Thanks: 110
Thanked 247 Times in 199 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 37
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
I understand the issues with this company and I understand why KOD is apprehensive but my grouse with rating stocks based on various metrices is that on their own they don't always tell the full story.

Is Ikeja hotel slowly destroying shareholder value? Yes, but at current price the company is trading at such a huge discount that it'll take decades of continous destruction for a current buyer to make a loss.

That being said, there are so many once in a lifetime opportunities that that the opportunity cost of holding Ikeja holel is just too great for me hence I sold off my holdings.
chei..oga Nosa don run o
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24005 (permalink)  
Old 17th November 2012, 06:33 PM
nosa2's Avatar
Rank: Senior Member
Points: 39,185, Level: 100
Points: 39,185, Level: 100 Points: 39,185, Level: 100 Points: 39,185, Level: 100
Activity: 9%
Activity: 9% Activity: 9% Activity: 9%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,328
Thanks: 541
Thanked 246 Times in 221 Posts
Groans: 52
Groaned at 8 Times in 8 Posts
Blog Entries: 6
Rep Power: 12
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: MarketWatch

Quote:
Originally Posted by hispy99 View Post
chei..oga Nosa don run o
My oga e no reach to run! Na December 2012 we dey enter oh and still no 2011 result not to talk of 2012
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24006 (permalink)  
Old 17th November 2012, 07:05 PM
duduspace's Avatar
Rank: Senior Member
Points: 8,182, Level: 61
Points: 8,182, Level: 61 Points: 8,182, Level: 61 Points: 8,182, Level: 61
Activity: 33%
Activity: 33% Activity: 33% Activity: 33%
 
Join Date: Feb 2007
Posts: 888
Thanks: 27
Thanked 107 Times in 66 Posts
Groans: 1
Groaned at 1 Time in 1 Post
Rep Power: 8
duduspace is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
My oga e no reach to run! Na December 2012 we dey enter oh and still no 2011 result not to talk of 2012
The only thing I don't understand is your claim that they are destroying shareholder value. Without seeing their results, how can we come to this conclusion?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24007 (permalink)  
Old 17th November 2012, 08:23 PM
nosa2's Avatar
Rank: Senior Member
Points: 39,185, Level: 100
Points: 39,185, Level: 100 Points: 39,185, Level: 100 Points: 39,185, Level: 100
Activity: 9%
Activity: 9% Activity: 9% Activity: 9%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,328
Thanks: 541
Thanked 246 Times in 221 Posts
Groans: 52
Groaned at 8 Times in 8 Posts
Blog Entries: 6
Rep Power: 12
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: MarketWatch

Quote:
Originally Posted by duduspace View Post
The only thing I don't understand is your claim that they are destroying shareholder value. Without seeing their results, how can we come to this conclusion?
With ROE below the rate of inflation it'll be more efficient to sell the assets of the hotel and using the funds to buy treasury bills but wh I think this yard stick is misleading is because anyone who buys in at current price would be getting the same assets for a fraction of their book value, so…

Anyway what I'm trying to workout in my head is a relationship between price, book value and ROE.
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24008 (permalink)  
Old 17th November 2012, 08:47 PM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
With ROE below the rate of inflation it'll be more efficient to sell the assets of the hotel and using the funds to buy treasury bills but wh I think this yard stick is misleading is because anyone who buys in at current price would be getting the same assets for a fraction of their book value, so…

Anyway what I'm trying to workout in my head is a relationship between price, book value and ROE.
first you need to know why their ROE is low and investors may have discounted this in thier current price. Try and use due point analysis of ROE. BTW which is thier most recent financial result
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24009 (permalink)  
Old 17th November 2012, 09:09 PM
faithgonuel's Avatar
Rank: Senior Member
Points: 6,861, Level: 54
Points: 6,861, Level: 54 Points: 6,861, Level: 54 Points: 6,861, Level: 54
Activity: 6%
Activity: 6% Activity: 6% Activity: 6%
 
Join Date: Mar 2008
Posts: 957
Thanks: 25
Thanked 21 Times in 19 Posts
Groans: 2
Groaned at 2 Times in 2 Posts
Rep Power: 7
faithgonuel is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by hispy99 View Post
chei..oga Nosa don run o
First na CCNN,
Now Ikeja Hotel,
Next fit be NEM, C&I Leasing or Redstar....
We dey watch
__________________
Buy your groceries by day and stocks by night - faith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24010 (permalink)  
Old 17th November 2012, 10:42 PM
dr dowell's Avatar
Rank: Senior Member
Points: 3,037, Level: 33
Points: 3,037, Level: 33 Points: 3,037, Level: 33 Points: 3,037, Level: 33
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2012
Posts: 766
Thanks: 8
Thanked 21 Times in 20 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
dr dowell is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by goldsun View Post
first you need to know why their ROE is low and investors may have discounted this in thier current price. Try and use due point analysis of ROE. BTW which is thier most recent financial result
Following the Discussion, Using those matrix ROE, Book value and stock price may be misleading in the case of Ikeja hotel reason being that the most recent result is 3rd quarter result released on 7th Dec 2011. A lot most have happened in the company at present which may not be captured by those matrix. I believe that is why Oga Laso believe it is a gamble and Oga KOD believe it is risky. I believe the the up side of the gamble is 60%.Going by antecedent of Ikeja hotel. Hence still in the race. The 2 reason is that market sentiment is low toward the stock leading to a lot of discountance because of poor cooperate governance. In medicine nothing is absolute. I believe that absolute so does it apply to other natural and social sciences. I believe those theorem of valuation in Ikeja hotel will not stand for Ikeja hotel now. I am open for forum criticism and correction.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24011 (permalink)  
Old 18th November 2012, 12:35 AM
nosa2's Avatar
Rank: Senior Member
Points: 39,185, Level: 100
Points: 39,185, Level: 100 Points: 39,185, Level: 100 Points: 39,185, Level: 100
Activity: 9%
Activity: 9% Activity: 9% Activity: 9%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,328
Thanks: 541
Thanked 246 Times in 221 Posts
Groans: 52
Groaned at 8 Times in 8 Posts
Blog Entries: 6
Rep Power: 12
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: MarketWatch

Quote:
Originally Posted by faithgonuel View Post
First na CCNN,
Now Ikeja Hotel,
Next fit be NEM, C&I Leasing or Redstar....
We dey watch
Trust me, if you dey watch you go enter bush.
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24012 (permalink)  
Old 18th November 2012, 12:37 AM
nosa2's Avatar
Rank: Senior Member
Points: 39,185, Level: 100
Points: 39,185, Level: 100 Points: 39,185, Level: 100 Points: 39,185, Level: 100
Activity: 9%
Activity: 9% Activity: 9% Activity: 9%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,328
Thanks: 541
Thanked 246 Times in 221 Posts
Groans: 52
Groaned at 8 Times in 8 Posts
Blog Entries: 6
Rep Power: 12
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
Following the Discussion, Using those matrix ROE, Book value and stock price may be misleading in the case of Ikeja hotel reason being that the most recent result is 3rd quarter result released on 7th Dec 2011. A lot most have happened in the company at present which may not be captured by those matrix. I believe that is why Oga Laso believe it is a gamble and Oga KOD believe it is risky. I believe the the up side of the gamble is 60%.Going by antecedent of Ikeja hotel. Hence still in the race. The 2 reason is that market sentiment is low toward the stock leading to a lot of discountance because of poor cooperate governance. In medicine nothing is absolute. I believe that absolute so does it apply to other natural and social sciences. I believe those theorem of valuation in Ikeja hotel will not stand for Ikeja hotel now. I am open for forum criticism and correction.
Is Ikeja hotel a cheap stock? I think so… is it the best value for MY money? …
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24013 (permalink)  
Old 18th November 2012, 06:41 AM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
goldsun is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
Following the Discussion, Using those matrix ROE, Book value and stock price may be misleading in the case of Ikeja hotel reason being that the most recent result is 3rd quarter result released on 7th Dec 2011. A lot most have happened in the company at present which may not be captured by those matrix. I believe that is why Oga Laso believe it is a gamble and Oga KOD believe it is risky. I believe the the up side of the gamble is 60%.Going by antecedent of Ikeja hotel. Hence still in the race. The 2 reason is that market sentiment is low toward the stock leading to a lot of discountance because of poor cooperate governance. In medicine nothing is absolute. I believe that absolute so does it apply to other natural and social sciences. I believe those theorem of valuation in Ikeja hotel will not stand for Ikeja hotel now. I am open for forum criticism and correction.
i guess you are emotionally attached to the stock
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24014 (permalink)  
Old 18th November 2012, 06:59 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 83,272, Level: 100
Points: 83,272, Level: 100 Points: 83,272, Level: 100 Points: 83,272, Level: 100
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Aug 2007
Location: Chicago
Posts: 26,239
Thanks: 110
Thanked 247 Times in 199 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 37
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: MarketWatch

Aliko Dangote... Set to Hit the London Market, Articles | THISDAY LIVE
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24015 (permalink)  
Old 18th November 2012, 12:21 PM
dr dowell's Avatar
Rank: Senior Member
Points: 3,037, Level: 33
Points: 3,037, Level: 33 Points: 3,037, Level: 33 Points: 3,037, Level: 33
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2012
Posts: 766
Thanks: 8
Thanked 21 Times in 20 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
dr dowell is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by goldsun View Post
i guess you are emotionally attached to the stock
Could it be true that I am emotionally attached to the stock? I may not be a judge in my own case. I think the little I know about equity trading is that it is not far from prostitution. You follow the winning Guy. Well when my radar spot a winning stock I will abandon Ikeja hotel immediately and move on. I believe the time is fast approaching.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24016 (permalink)  
Old 18th November 2012, 02:03 PM
dr.abrahamb's Avatar
Rank: Senior Member
Points: 4,644, Level: 43
Points: 4,644, Level: 43 Points: 4,644, Level: 43 Points: 4,644, Level: 43
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: May 2011
Posts: 833
Thanks: 67
Thanked 64 Times in 55 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 0
dr.abrahamb is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
Could it be true that I am emotionally attached to the stock? I may not be a judge in my own case. I think the little I know about equity trading is that it is not far from prostitution. You follow the winning Guy. Well when my radar spot a winning stock I will abandon Ikeja hotel immediately and move on. I believe the time is fast approaching.
May be this is the reason my mentor invests, and is so far from prostitution.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24017 (permalink)  
Old 18th November 2012, 04:56 PM
dr dowell's Avatar
Rank: Senior Member
Points: 3,037, Level: 33
Points: 3,037, Level: 33 Points: 3,037, Level: 33 Points: 3,037, Level: 33
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2012
Posts: 766
Thanks: 8
Thanked 21 Times in 20 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
dr dowell is on a distinguished road
Smile Re: MarketWatch

Quote:
Originally Posted by dr.abrahamb View Post
May be this is the reason my mentor invests, and is so far from prostitution.
You can get to Abuja either by air or Road. Anyhow make sure you get to your destination by all means.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24018 (permalink)  
Old 18th November 2012, 05:22 PM
netotse's Avatar
Rank: Senior Member
Points: 7,146, Level: 55
Points: 7,146, Level: 55 Points: 7,146, Level: 55 Points: 7,146, Level: 55
Activity: 4%
Activity: 4% Activity: 4% Activity: 4%
 
Join Date: Sep 2007
Location: down south
Posts: 746
Thanks: 72
Thanked 51 Times in 36 Posts
Groans: 2
Groaned at 1 Time in 1 Post
Rep Power: 7
netotse is on a distinguished road
Send a message via Yahoo to netotse
Default Re: MarketWatch

Hello Everyone,

I just realised something about technical analysis just now:

I took a look at proshare's WE sentiment analyis for last week and when they discussed unity bank and concluded it had a moderate chance of extending(abi continuing) it's uptrend, they didn't mention the single major factor that I think is behind the price 9.4% increase, it's addition to the ranks of stocks with market makers.

You know that moment when something you read makes sense? well I'm having one of those right now...lol
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24019 (permalink)  
Old 18th November 2012, 07:37 PM
Vincenta11's Avatar
Rank: Senior Member
Points: 5,284, Level: 46
Points: 5,284, Level: 46 Points: 5,284, Level: 46 Points: 5,284, Level: 46
Activity: 23%
Activity: 23% Activity: 23% Activity: 23%
 
Join Date: Dec 2008
Posts: 435
Thanks: 83
Thanked 9 Times in 9 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
Vincenta11 is on a distinguished road
Default Re: MarketWatch

Hello everyone,

I am new to fundamental analysis of stocks and I would want to know;

How important a matrix is PEG and which is the best formular to calculate the Annual Growth Rate of PAT.

Thanks.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #24020 (permalink)  
Old 18th November 2012, 08:30 PM
dr.abrahamb's Avatar
Rank: Senior Member
Points: 4,644, Level: 43
Points: 4,644, Level: 43 Points: 4,644, Level: 43 Points: 4,644, Level: 43
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: May 2011
Posts: 833
Thanks: 67
Thanked 64 Times in 55 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 0
dr.abrahamb is on a distinguished road
Default Re: MarketWatch

Quote:
Originally Posted by Vincenta11 View Post
Hello everyone,

I am new to fundamental analysis of stocks and I would want to know;

How important a matrix is PEG and which is the best formular to calculate the Annual Growth Rate of PAT.

Thanks.
PEG is very very important. Sometimes you might have a very high-priced value company with a high PE. You might be making a wrong decision to stay away because of its high PE (relative to market average), but this company might have just entered a growth spurt that dwarfs the average annual growth rate in its sector; its only the PEG that will 'tangibly' bring that fact out to you in a very simple way.

I know just a very simple formula:
Present annual PAT minus Previous annual PAT 'all over' Previous annual PAT.

NB: Use a 3 - 5 year average, and not just figures for a single year. Use absolute figures obtained from your calculation e.g P/E of 10 over AGR of 20% gives a PEG of 0.5 only. Please note that there are cases where Operational Profit will serve you better than PAT in calculating AGR for the purposes of estimating PEG e.g. comparing DangCem and Older Cement companies. Which other formulae do you know?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 2 (1 members and 1 guests)
Bayuze79
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 03:31 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37