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  #221 (permalink)  
Old 20th November 2012, 02:05 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by knightofdelta View Post
I bought at N3.21 average price and I am still waiting for the market to prove me wrong. Shrinking margins was due to rise in interest rates, which made them pay more interest expenses. MPR has been stabilized and the CBN is likely to cut rates by Q1 2013. Vitafoam is not a growth stock, it is just undervalued and at an ROE of more than 20%, it should not stay undervalued for too long.
At your average price of #3.21 it was undervalued by as much as 20%. I will want to buy too if I see that price.

But at current price of #3.70 - #4, it is probably fairly valued, above this price range means you will buy another L4.
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  #222 (permalink)  
Old 20th November 2012, 05:55 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by afolabi27 View Post
Year end book value.

Q3 2012 as given.

Projected at December 2012 = Q3 2012 position + 3month forward profit at same run rate.
You need to use the average of the book value for 2011 year end and your estimated year end book value.

Reason: It was the starting year book value that was used to generate profits from the start of the year not year end book value.

Your reasoning for it being fairly valued is probably based on relative terms with the likes of the banks and insurance companies. A sector by sector analysis, and a need for diversification will probably make it a plausible investment. I intend to buy a little more into my portfolio, just to reach a round figure.
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Last edited by knightofdelta; 20th November 2012 at 06:02 PM.
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  #223 (permalink)  
Old 20th November 2012, 06:02 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by knightofdelta View Post
You need to use the average of the book value for 2011 year end and your estimated year end book value.

Reason: It was the starting year book value that was used to generate profits from the start of the year not year end book value.
Not too significant eventually. I am aware of that school of thought. Consistency of approach is more important.
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  #224 (permalink)  
Old 20th November 2012, 11:25 PM
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Default Re: Vitafoam Plc

Vitafoam positions to remain key player in Capital Market
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  #225 (permalink)  
Old 21st November 2012, 06:31 AM
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Default Re: Vitafoam Plc

very enlightening
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  #226 (permalink)  
Old 2nd January 2013, 01:41 PM
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Default Re: Vitafoam Plc

paying 30k
Qdate=15/02/13
Cdate=18-22/02/13
Pdate=?
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  #227 (permalink)  
Old 2nd January 2013, 04:16 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by baotoghile View Post
paying 30k
Qdate=15/02/13
Cdate=18-22/02/13
Pdate=?
Hmm...
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  #228 (permalink)  
Old 2nd January 2013, 09:02 PM
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Default Re: Vitafoam Plc

VITAFOAM declares N502m PAT in '12 Audited result,(SP:N3.84k) - Proshare
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  #229 (permalink)  
Old 2nd January 2013, 09:17 PM
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Default Re: Vitafoam Plc

hmmm...this is what is called stagnant result
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  #230 (permalink)  
Old 2nd January 2013, 09:36 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by hispy99 View Post
hmmm...this is what is called stagnant result
May be current valuation already reflect this result, insiders! ROE suddenly dropped to 16.3%, still above inflation though, but valuation probably worse off. Time to see how the herd reacts to dividend announcement despite declining valuation.
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  #231 (permalink)  
Old 2nd January 2013, 09:53 PM
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Default Re: Vitafoam Plc

VITAFOAM forecasts N388.21m profit in March 2013(SP:N3.84k) - Proshare



Q1 2013 forecast
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  #232 (permalink)  
Old 2nd January 2013, 10:59 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by hispy99 View Post
hmmm...this is what is called stagnant result
You will need to destroy Ariaria/Faulks Road foam market before the turnover moves here in 9ja. Dem fit start to dey send go neighbouring countries sha.
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  #233 (permalink)  
Old 2nd January 2013, 11:03 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by afolabi27 View Post
May be current valuation already reflect this result, insiders! ROE suddenly dropped to 16.3%, still above inflation though, but valuation probably worse off. Time to see how the herd reacts to dividend announcement despite declining valuation.
They may pay 50kobo to mark their 50th anniversary!

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  #234 (permalink)  
Old 4th January 2013, 05:31 AM
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Default Re: Vitafoam Plc

Vitafoam records abysmal 2012 performance as profit, turnover fall
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  #235 (permalink)  
Old 4th January 2013, 07:14 AM
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Default Re: Vitafoam Plc

Are they not going to pay dividend at all as suggested here or they will announce it at a latter date
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  #236 (permalink)  
Old 4th January 2013, 07:36 AM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by Oracle View Post
You will need to destroy Ariaria/Faulks Road foam market before the turnover moves here in 9ja. Dem fit start to dey send go neighbouring countries sha.
For as long as these guys at Ariaria continue to give these guys a run for their money..they will continue to wobble
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  #237 (permalink)  
Old 4th January 2013, 06:44 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by Oracle View Post
You will need to destroy Ariaria/Faulks Road foam market before the turnover moves here in 9ja. Dem fit start to dey send go neighbouring countries sha.
Quote:
Originally Posted by overload View Post
For as long as these guys at Ariaria continue to give these guys a run for their money..they will continue to wobble
What is Ariaria/Faulks Road foam
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  #238 (permalink)  
Old 5th January 2013, 05:50 AM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by goldsun2 View Post
What is Ariaria/Faulks Road foam
It's a market in Aba, Abia state where foams at competitive prices to that of Vitafoam is available. At least I know Ariara market well well for clothing materials. No designer label or design that they cannot bring out for you.
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  #239 (permalink)  
Old 5th January 2013, 06:07 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by arostuff View Post
Are they not going to pay dividend at all as suggested here or they will announce it at a latter date
Quote:
Originally Posted by baotoghile View Post
paying 30k
Qdate=15/02/13
Cdate=18-22/02/13
Pdate=?
Answer
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  #240 (permalink)  
Old 5th January 2013, 09:10 PM
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Default Re: Vitafoam Plc

Quote:
Originally Posted by goldsun2
What is Ariaria/Faulks Road foam

Quote:
Originally Posted by Salida View Post
It's a market in Aba, Abia state where foams at competitive prices to that of Vitafoam is available. At least I know Ariara market well well for clothing materials. No designer label or design that they cannot bring out for you.
Like Oga Salida explained, there is a huge foam market in Ariaria,Aba. If you lived in Aba, you will know what I mean. They even export to other states like Akwa Ibom,Imo,Anambra etc. That is why if you go to some shops in that town, you will see names like VITAL FOAM, MORKA FOAM,VONA FOAM etc on sliced mattress clothing. They are copied from the original(...you know their names).

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