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  #461 (permalink)  
Old 13th May 2015, 12:36 PM
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Default Re: Presco plc

Quote:
Originally Posted by wondas View Post
Announcement should be next month and closure will be mid July while AGM hold two weeks later. this has been the trend for the past 5 years.
Thanks Bros SMNly. I actually saw that what you said happened last year. I did not know it is the norm for them. Lets hope they surprise us with some bonus given the good results they announced.
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  #462 (permalink)  
Old 16th June 2015, 02:59 PM
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Default Re: Presco plc

Quote:
Originally Posted by manemi View Post
Thanks Bros SMNly. I actually saw that what you said happened last year. I did not know it is the norm for them. Lets hope they surprise us with some bonus given the good results they announced.
Detail coperate action
Proposed Dividend: N1.00k per share
Dividend yield: 2.90%
Closure Date: July 6th - 8th, 2015
Date of Payment: July 27th, 2015
AGM Date: July 22nd, 2015
AGM Venue: TBA
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  #463 (permalink)  
Old 29th July 2015, 09:11 AM
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Default Re: Presco plc

http://www.nse.com.ng/Financial_News..._JULY_2015.pdf
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  #464 (permalink)  
Old 31st July 2015, 03:25 PM
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Default Re: Presco plc

Presco Lauds CBN's Forex Restriction on Importation, Articles | THISDAY LIVE
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  #465 (permalink)  
Old 21st August 2015, 08:29 PM
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Default Re: Presco plc

PRESCO: Cost savings trigger earnings revision - Proshare
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  #466 (permalink)  
Old 2nd September 2015, 03:04 PM
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Default Re: Presco plc

Quote:
Originally Posted by hispy99 View Post
Presco Nigeria profit surges on cost cuts | BusinessDay
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  #467 (permalink)  
Old 29th October 2015, 11:52 AM
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Default Re: Presco plc

http://www.nse.com.ng/Financial_News...TOBER_2015.pdf
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  #468 (permalink)  
Old 31st August 2016, 09:49 AM
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Default Re: Presco plc

So quiet here ooo. They should have substantial forex gains from their 'export' business.
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  #469 (permalink)  
Old 31st August 2016, 12:20 PM
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Default Re: Presco plc

Quote:
Originally Posted by wanaj0 View Post
So quiet here ooo. They should have substantial forex gains from their 'export' business.
So why is okomu not also flying?
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  #470 (permalink)  
Old 4th September 2016, 05:39 PM
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Default Re: Presco plc

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Originally Posted by shigidi View Post
So why is okomu not also flying?
Okomu get plenty forex loan ooo.

I also think that Presco is better managed.
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  #471 (permalink)  
Old 23rd September 2016, 06:15 PM
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Default Re: Presco plc

Nigeria’s Currency Woes a Boon for Top Palm-Oil Producer - Bloomberg


Nigeria’s ban on importers accessing foreign exchange for certain products is proving a boon for the country’s biggest palm-oil producer as it stokes demand for domestic goods.
Profit at Presco Plc, a Benin City-based manufacturer of the edible oil, more than doubled in the six months through June as sales jumped 60 percent to 7.5 billion naira ($24 million), according to ...........................
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  #472 (permalink)  
Old 23rd September 2016, 10:07 PM
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Default Re: Presco plc

Quote:
Originally Posted by Getthere View Post
Nigeria’s Currency Woes a Boon for Top Palm-Oil Producer - Bloomberg


Nigeria’s ban on importers accessing foreign exchange for certain products is proving a boon for the country’s biggest palm-oil producer as it stokes demand for domestic goods.
Profit at Presco Plc, a Benin City-based manufacturer of the edible oil, more than doubled in the six months through June as sales jumped 60 percent to 7.5 billion naira ($24 million), according to ...........................
Great story. What about Ground Nut Oil from Kano. Why no good news like this on it.
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  #473 (permalink)  
Old 24th October 2016, 07:47 PM
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Default Re: Presco plc

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Originally Posted by wanaj0 View Post
It's all a matter of personality and investment strategy. I bought Presco at <N8.00 because I considered it undervalued. I wanted to buy more at N12.00 in November but the thing just stayed at N14.00. When it got to N24.00 I believe it was fairly valued. I posted here that if it crosses N40.00 I am out because at that price the valuation will be crazy! There are other companies with better valuation.

I always sell in tranches that's one reason I did not sell all. Additionally, I always retain some minute units so as to keep me 'glued' to the stock (monitor and analyse).

Many asked me what to buy and my response was always to tell them what I am buying and why. Because our philosophy and strategies are different, we dont have to respond to information the same way. There is no RIGHT or WRONG answer. It's all about what is suitable for your philosophy and strategy. Mind you, it is not always about MAKING MONEY!
Sir wanajo

I hope you see now at 40 naira PRESCO is fairly priced
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  #474 (permalink)  
Old 24th October 2016, 07:48 PM
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Default Re: Presco plc

http://www.nse.com.ng/Financial_News...TOBER_2016.pdf
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  #475 (permalink)  
Old 25th October 2016, 01:18 AM
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Default Re: Presco plc

Quote:
Originally Posted by shigidi View Post
Probably time to start considering these Agriculture companies again. PE less than 10 in Q3 results and holding its value in the middle of a bearish market.
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  #476 (permalink)  
Old 27th October 2016, 07:34 AM
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Default Re: Presco plc

Quote:
Originally Posted by shigidi View Post
Sir wanajo

I hope you see now at 40 naira PRESCO is fairly priced
Fairly priced??? Ok ooo Hope you saw the N4.4bn gain from changes in fair value of biological assets.

Always a FAN of PRESCO. The restriction on forex is helping them. Even competitors are sourcing CPO from them now.

Well managed company with good strategy.

Last edited by wanaj0; 27th October 2016 at 07:38 AM.
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  #477 (permalink)  
Old 18th April 2017, 04:43 PM
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Default Re: Presco plc

http://nse.com.ng/Financial_NewsDocs...DEC%202016.pdf
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