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  #101 (permalink)  
Old 9th November 2011, 09:08 PM
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Default Re: Presco plc

Quote:
Originally Posted by samking View Post
Yes cash flow is used to know if a company can pay dividend, my question is which of the cash flow activity can one use to check if they can pay dividend. Is it cash flow from operations or investment or finance or better still the net cash flow. what about the free cash flow?
Oga Samking, I think the answered seek is embedded within your question (your last sentence - bolded part).
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  #102 (permalink)  
Old 10th November 2011, 02:22 PM
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Default Re: Presco plc

[quote=knightofdelta;111742]It is perfectly okay for the company to have a negative cash flow from financing (negative cash balance as seen in the balance sheet) in order to fund investments, when they have a superb cash flow from operations.
...
Keep your eyes on the Cashflow(from operations) to Debt Ratio when companies decide to do as Oga KOD mentioned.

Quote:
Originally Posted by samking View Post
Yes cash flow is used to know if a company can pay dividend, my question is which of the cash flow activity can one use to check if they can pay dividend. Is it cash flow from operations or investment or finance or better still the net cash flow. what about the free cash flow?
Samking, see your answer here from oga Faith...
Quote:
Originally Posted by faithgonuel View Post
Oga Samking, I think the answered seek is embedded within your question (your last sentence - bolded part).
But...
Its not that simple. Many companies have a negative free-cash flow, but have learned how to reward shareholders with cashflow from operations, and going ahead to borrow long-term(cashflow from finance) to fund capital investments like Oga KOD highlighted(mind you this borrowing is not to fund operating accounts/current assets O). I suspect Nestle does this.
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  #103 (permalink)  
Old 17th November 2011, 04:24 AM
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Default Re: Presco plc

Quote:
Originally Posted by BigSeun View Post
PRESCO PLC
03 August 2011
Unaudited Q2 (June) 2011
Profit and Loss Information
Turnover 11 N3.742b 10 N2.758b
Cost Of Sales 11 (N1.621b) 10 (N1.443b)
Profit Before Tax 11 N1.710b 10 N905.745m
Taxation 11 (N210.873m) 10 (N187.615m)
Profit After Tax 11 N1.500b 10 N718.129m
Balance Sheet Information
Fixed Assets 30-06-11 N6.508b 31-12-10 N5.914b
Stock 11 N1.658b 10 N828.482m
Trade Debtors 11 N397.623m 10 N172.384m
Cash and Bank Balances 11 (N198.948m) 10 N161.524m
Other Debit Balances 11 N197.950m 10 N304.333m
Trade Creditors 11 N105.273m 10 N136.977m
Short Term Borrowings 11 N28.333m 10 Nil
Other Credit Balances 11 N3.411b 10 N3.725b
Working Capital 11 N1.547b 10 N932.588m
Net Assets 11 N5.018b 10 N3.518b


How come the company did not improve on it Q2 PAT?
An important question that seems to have gone unnoticed
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  #104 (permalink)  
Old 30th November 2011, 05:40 PM
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Default Re: Presco plc

[quote=dr.abrahamb;112304]
Quote:
Originally Posted by knightofdelta View Post
It is perfectly okay for the company to have a negative cash flow from financing (negative cash balance as seen in the balance sheet) in order to fund investments, when they have a superb cash flow from operations.
...
Keep your eyes on the Cashflow(from operations) to Debt Ratio when companies decide to do as Oga KOD mentioned.



Samking, see your answer here from oga Faith...


But...
Its not that simple. Many companies have a negative free-cash flow, but have learned how to reward shareholders with cashflow from operations, and going ahead to borrow long-term(cashflow from finance) to fund capital investments like Oga KOD highlighted(mind you this borrowing is not to fund operating accounts/current assets O). I suspect Nestle does this.

studying the cash flow statement, i seem to get confussed about the cash and cash equivalent at the start of year which is being added to the net cash flow to make cash and cash equivalent at the end of year. my question, is it that the cash and cash equivalent at the start of the year is not used during that period
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  #105 (permalink)  
Old 28th December 2011, 07:25 AM
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Default Re: Presco plc

Presco Oil gets N8.5bn turnover
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  #106 (permalink)  
Old 28th December 2011, 09:05 AM
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Default Re: Presco plc

Quote:
Originally Posted by Salida View Post
WE EXPECT N3B PAT; N1 DV.
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  #107 (permalink)  
Old 3rd January 2012, 04:00 AM
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Default Re: Presco plc

Quote:
Originally Posted by Salida View Post
Hope this one no be fabuuuu. Q3 Turnover was like N5.7bn. So in Q4 turnover will be like N5.3bn????

IF the turnover is true then some people go party well well ooo
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  #108 (permalink)  
Old 16th March 2012, 02:12 PM
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Default Re: Presco plc

Quote:
Originally Posted by wanaj0 View Post
Hope this one no be fabuuuu. Q3 Turnover was like N5.7bn. So in Q4 turnover will be like N5.3bn????

IF the turnover is true then some people go party well well ooo
People taking position waiting for replication of okomuoil. waka jeje o
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  #109 (permalink)  
Old 16th March 2012, 05:12 PM
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Default Re: Presco plc

Quote:
Originally Posted by 123.rado View Post
People taking position waiting for replication of okomuoil. waka jeje o
Am taking position in this ASAP.....hopeully we shall get a min of 10% yield by the time result is out!

Chai!! Why i no buy this all the while???
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  #110 (permalink)  
Old 16th March 2012, 08:02 PM
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Default Re: Presco plc

Quote:
Originally Posted by cashrules View Post
Am taking position in this ASAP.....hopeully we shall get a min of 10% yield by the time result is out!

Chai!! Why i no buy this all the while???
Hope you get to BUY. Liquidity is a serious issue here
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  #111 (permalink)  
Old 28th March 2012, 01:49 PM
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Default Re: Presco plc

Full Year 2011 results just released. Dividend = 100k.
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  #112 (permalink)  
Old 28th March 2012, 01:56 PM
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Default Re: Presco plc

Quote:
Originally Posted by solo66 View Post
Full Year 2011 results just released. Dividend = 100k.
Presco Plc rewards investors with N1.00 dividend in '11 Audited result.

10% DIV YIELD AS EXPECTED !!!GOOD RESULT! GOOD CORPORATE ACTION!!
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  #113 (permalink)  
Old 28th March 2012, 03:26 PM
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Default Re: Presco plc

2011 2010
N'm N'm %
Turnover 8,536.00 5,386.00 58.48%
Cost of Sales 4,306.00 3,089.00 39.40%
Gross Profit 4,230.00 2,297.00 84.15%
Operating Expenses 1,493.00 907.57 64.51%
Other Income/ (Expenses) 61.28 109.21 43.89%
Exceptional item 0.00 0.00 0.00%
Interest Charges 217.74 164.79 32.13%
Profit before tax 2,580.54 1,333.85 93.47%
Taxation 888.54 238.85 272.01%
Profit after tax 1,692.00 1,095.00 54.52%
EPS 1.69 1.10 54.52%

Balance Sheet
Fixed Assets 7,550.00 5,914.00 27.66%
Stocks 2,017.00 828.48 143.46%
Trade Debtors 590.50 172.38 242.55%
Cash & Bank Balances 28.96 161.52 82.07%
Other debit balances 1,328.00 304.33 336.36%
Trade Creditors 139.01 136.98 1.49%
Short term borrowing 754.06 0.00
Other creditors 4,358.00 2,844.00 53.23%
Working capital 537.03 932.59 42.42%
Net Assets 4,691.00 3,518.00 33.34%

Corporate Action
Dividend 100kobo per share
Closure Date 16th – 20th June 2012
AGM 25th June 2012
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  #114 (permalink)  
Old 28th March 2012, 03:40 PM
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Default Re: Presco plc

Quote:
Originally Posted by BigSeun View Post
2011 2010
N'm N'm %
Turnover 8,536.00 5,386.00 58.48%
Cost of Sales 4,306.00 3,089.00 39.40%
Gross Profit 4,230.00 2,297.00 84.15%
Operating Expenses 1,493.00 907.57 64.51%
Other Income/ (Expenses) 61.28 109.21 43.89%
Exceptional item 0.00 0.00 0.00%
Interest Charges 217.74 164.79 32.13%
Profit before tax 2,580.54 1,333.85 93.47%
Taxation 888.54 238.85 272.01%
Profit after tax 1,692.00 1,095.00 54.52%
EPS 1.69 1.10 54.52%

Balance Sheet
Fixed Assets 7,550.00 5,914.00 27.66%
Stocks 2,017.00 828.48 143.46%
Trade Debtors 590.50 172.38 242.55%
Cash & Bank Balances 28.96 161.52 82.07%
Other debit balances 1,328.00 304.33 336.36%
Trade Creditors 139.01 136.98 1.49%
Short term borrowing 754.06 0.00
Other creditors 4,358.00 2,844.00 53.23%
Working capital 537.03 932.59 42.42%
Net Assets 4,691.00 3,518.00 33.34%

Corporate Action
Dividend 100kobo per share
Closure Date 16th – 20th June 2012
AGM 25th June 2012
Payment date: 6th August 2012
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  #115 (permalink)  
Old 28th March 2012, 03:40 PM
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Default Re: Presco plc

Quote:
Originally Posted by BigSeun View Post
2011 2010
N'm N'm %
Turnover 8,536.00 5,386.00 58.48%
Cost of Sales 4,306.00 3,089.00 39.40%
Gross Profit 4,230.00 2,297.00 84.15%
Operating Expenses 1,493.00 907.57 64.51%
Other Income/ (Expenses) 61.28 109.21 43.89%
Exceptional item 0.00 0.00 0.00%
Interest Charges 217.74 164.79 32.13%
Profit before tax 2,580.54 1,333.85 93.47%
Taxation 888.54 238.85 272.01%
Profit after tax 1,692.00 1,095.00 54.52%
EPS 1.69 1.10 54.52%

Balance Sheet
Fixed Assets 7,550.00 5,914.00 27.66%
Stocks 2,017.00 828.48 143.46%
Trade Debtors 590.50 172.38 242.55%
Cash & Bank Balances 28.96 161.52 82.07%
Other debit balances 1,328.00 304.33 336.36%
Trade Creditors 139.01 136.98 1.49%
Short term borrowing 754.06 0.00
Other creditors 4,358.00 2,844.00 53.23%
Working capital 537.03 932.59 42.42%
Net Assets 4,691.00 3,518.00 33.34%

Corporate Action
Dividend 100kobo per share
Closure Date 16th – 20th June 2012
AGM 25th June 2012
Another one in the kitty. Next?
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  #116 (permalink)  
Old 28th March 2012, 03:48 PM
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Default Re: Presco plc

Some of the companies in the Agricultural sector are not doing badly. Used to know when this stock was selling for N2.00, that was when Osunkeye was the Chairman of the company.
For Stanbic IBTC Asset Mgt to have a seat on the board of this company, they might know some thing which some of us do not know.
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  #117 (permalink)  
Old 28th March 2012, 04:16 PM
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Default Re: Presco plc

Quote:
Originally Posted by emmanuel ewumi View Post
Some of the companies in the Agricultural sector are not doing badly. Used to know when this stock was selling for N2.00, that was when Osunkeye was the Chairman of the company.
For Stanbic IBTC Asset Mgt to have a seat on the board of this company, they might know some thing which some of us do not know.
Do you know how they got the seat? I hope it was not like the case of 7UP where they were the underwriters of a rights issue that was not fully subscribed so they ended up being stuck with a huge chunk of shares.
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  #118 (permalink)  
Old 28th March 2012, 04:34 PM
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Default Re: Presco plc

Quote:
Originally Posted by hispy99 View Post
Do you know how they got the seat? I hope it was not like the case of 7UP where they were the underwriters of a rights issue that was not fully subscribed so they ended up being stuck with a huge chunk of shares.
Bros, make you no come put sand sand for we garri for here now. At least dividend go land for their account now.
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  #119 (permalink)  
Old 28th March 2012, 04:46 PM
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Default Re: Presco plc

Quote:
Originally Posted by 123.rado View Post
Bros, make you no come put sand sand for we garri for here now. At least dividend go land for their account now.
Bros.. help me tell oga Hispy999 o!!! anyway na true our oga dey talk o!! at times some of thses deals back fire and the Asset manager /underwriter go just swallow saliva like say notin happen
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  #120 (permalink)  
Old 28th March 2012, 07:38 PM
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Default Re: Presco plc

Quote:
Originally Posted by 123.rado View Post
Payment date: 6th August 2012
My Ogas, why are some of the coys declaring 2011 FYE results putting their payments dates 3 to 5(as is d case with presco) months after declaration? I think 2 months is a fair time for whatever collation that needs to be done and I see this as inefficiency on the part of management. Abi dem no get cash?

Last edited by xplicitiyke; 28th March 2012 at 07:53 PM.
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