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  #181 (permalink)  
Old 7th November 2012, 03:30 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by overload View Post
correct man! u sabi the place wella.

I think KOD needs to go and look at that foam market very well.

I wont be surprised that 50% of the so called 'Vitafoam' being marketed in the eastern markets are Aba made!

the last one i bought and took to my village from there has even outlasted the vitafoam i bought in enugu for my mum years after that,.
Why I like Aba market is because of the way things are arranged. Every road has a unique thing that is sold there. No two products would be sold(in large quantities) on a particular road. Example Kent road sells only clothing materials. Cameroun road sells only nylon/BAGCO/packaging material. Pound road sells only electronics etc. Well organized market!
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  #182 (permalink)  
Old 7th November 2012, 03:46 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by Oracle View Post
Why I like Aba market is because of the way things are arranged. Every road has a unique thing that is sold there. No two products would be sold(in large quantities) on a particular road. Example Kent road sells only clothing materials. Cameroun road sells only nylon/BAGCO/packaging material. Pound road sells only electronics etc. Well organized market!

The government needs to work on crime, armed robbery, kidnapping, and security issues in the City. The government also needs to invest on infrastructural facilities.
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  #183 (permalink)  
Old 7th November 2012, 03:50 PM
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Default Re: Vitafoam Plc

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Originally Posted by emmanuel ewumi View Post
The government needs to work on crime, armed robbery, kidnapping, and security issues in the City. The government also needs to invest on infrastructural facilities.
Forget that place! It is not a good city to bring up a child!
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  #184 (permalink)  
Old 7th November 2012, 04:03 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by Oracle View Post
Forget that place! It is not a good city to bring up a child!

Our children are our future, that means the place will not be a good place to live or do business in the future.

I believe politicians from the region are reading people's comments about the City.
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  #185 (permalink)  
Old 7th November 2012, 04:08 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by overload View Post
correct man! u sabi the place wella.

I think KOD needs to go and look at that foam market very well.

I wont be surprised that 50% of the so called 'Vitafoam' being marketed in the eastern markets are Aba made!

the last one i bought and took to my village from there has even outlasted the vitafoam i bought in enugu for my mum years after that,.
Don't bother. If you want me to sell my Vitafoam stocks, go and change the numbers that keep popping up on my spreadsheet. I can't make my decision based on one market in Aba when Vitafoam is in several countries in West Africa.

Until then, I remain bullish.
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  #186 (permalink)  
Old 8th November 2012, 02:06 AM
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Default Re: Vitafoam Plc

Seems I am missing something. PAT is dropping. Margins shrinking. So what is the excitement about? Revenue grew ONLY 2% in the 9 month result. Any plan to arrest this trend?
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  #187 (permalink)  
Old 19th November 2012, 06:52 AM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by wanaj0 View Post
Seems I am missing something. PAT is dropping. Margins shrinking. So what is the excitement about? Revenue grew ONLY 2% in the 9 month result. Any plan to arrest this trend?
oga Wanaj don ask this question long time imo river but nobody provide answer. Oya Oga Oracle and KOD, na una be board members for this stock, make una provide answer .
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  #188 (permalink)  
Old 19th November 2012, 10:04 AM
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Default Re: Vitafoam Plc

Vitafoam Assures NSE on Timely Disclosure, Articles | THISDAY LIVE
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  #189 (permalink)  
Old 19th November 2012, 11:46 AM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by bivins1 View Post
oga Wanaj don ask this question long time imo river but nobody provide answer. Oya Oga Oracle and KOD, na una be board members for this stock, make una provide answer .
Na KOD go answer! We still dey sleep with Ariaria 'vitafoam'!
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  #190 (permalink)  
Old 19th November 2012, 12:32 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by wanaj0 View Post
Seems I am missing something. PAT is dropping. Margins shrinking. So what is the excitement about? Revenue grew ONLY 2% in the 9 month result. Any plan to arrest this trend?
Hmm......if you miss anything Oga, may be just that gross margin is still up there at 32% against 31.5% in Q3 2011. Other than this, you no miss anything O, Oga KOD thought he saw insider dealing going on using technical analysis, and he dived.

The ROE at 15.3% might demand a second look, but P/B at 0.96 for an illiquid stock might be a no no for some of us.

Oga KOD, over to you.
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  #191 (permalink)  
Old 19th November 2012, 12:32 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by wanaj0 View Post
Seems I am missing something. PAT is dropping. Margins shrinking. So what is the excitement about? Revenue grew ONLY 2% in the 9 month result. Any plan to arrest this trend?
my oga, do you have their current annual report. Its not on their website
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  #192 (permalink)  
Old 19th November 2012, 12:33 PM
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Default Re: Vitafoam Plc

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Originally Posted by goldsun View Post
my oga, do you have their current annual report. Its not on their website
Go to proshareng.com
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  #193 (permalink)  
Old 19th November 2012, 12:51 PM
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Default Re: Vitafoam Plc

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Originally Posted by afolabi27 View Post
Go to proshareng.com
the latest they have is 2009
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  #194 (permalink)  
Old 19th November 2012, 01:03 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by goldsun View Post
the latest they have is 2009

Pardon me, I refer to the Q3 2012 management account. I have searched for audited or recently published accounts, I guess Q3 is the latest from the company.

VITAFOAM NIGERIA PLC - Investors Relations
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  #195 (permalink)  
Old 19th November 2012, 01:24 PM
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Default Re: Vitafoam Plc

Vitafoam (ROE 20.4%) has a forward EPS of N0.78k and is trading at a forward p.e of 4.7 and has a book value of N3.80

Is it a good long term buy? Probably, and I am currently a shareholder but I don't see any compelling reason for me to hold onto it.
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  #196 (permalink)  
Old 19th November 2012, 01:32 PM
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Default Re: Vitafoam Plc

i followed d stock wella...so get to know that it did not release it result by quater... It released a 9mth own at a go..
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  #197 (permalink)  
Old 19th November 2012, 01:37 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by nosa2 View Post
Vitafoam (ROE 20.4%) has a forward EPS of N0.78k and is trading at a forward p.e of 4.7 and has a book value of N3.80

Is it a good long term buy? Probably, and I am currently a shareholder but I don't see any compelling reason for me to hold onto it.
The ROE is not as high as 20.4% my brother. You have taken a forward EPS but a static book value

If you adjust for this, you should get a ROE sub 20%. And where is the discount for lack of liquidity? I think it is appropriately valued with "don't buy yet" written all over it.

So I guess you are selling now?
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  #198 (permalink)  
Old 19th November 2012, 01:39 PM
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Default Re: Vitafoam Plc

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Originally Posted by afolabi27 View Post
The ROE is not as high as 20.4% my brother. You have taken a forward EPS but a static book value

If you adjust for this, you should get a ROE sub 20%. And where is the discount for lack of liquidity? I think it is appropriately valued with "don't buy yet" written all over it.

So I guess you are selling now?
What earnings did you use in calculating ROE? I used N645m. As for selling, I'm waiting, as The release of the result draws nearer I'll offload. My holding isn't a lot so I don't have to worry too much about liquidity.
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Last edited by nosa2; 19th November 2012 at 01:42 PM.
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  #199 (permalink)  
Old 19th November 2012, 01:51 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by nosa2 View Post
What earnings did you use in calculating ROE? I used N645m. As for selling, I'm waiting, as The release of the result draws nearer I'll offload. My holding isn't a lot so I don't have to worry too much about liquidity.
Yes, N645m is the annualised earning. Comprised of 9month actual of N484m as reported, then annualised by adding 3 month forward at same run rate.
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  #200 (permalink)  
Old 19th November 2012, 02:10 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by afolabi27 View Post
Yes, N645m is the annualised earning. Comprised of 9month actual of N484m as reported, then annualised by adding 3 month forward at same run rate.
And using this you got a different ROE?
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