Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Other Stocks & Investment strategies

Other Stocks & Investment strategies Discuss other stocks

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
  #1 (permalink)  
Old 19th May 2008, 05:10 PM
Abinishio's Avatar
Rank: Senior Member
Points: 4,398, Level: 42
Points: 4,398, Level: 42 Points: 4,398, Level: 42 Points: 4,398, Level: 42
Activity: 5%
Activity: 5% Activity: 5% Activity: 5%
 
Join Date: Jan 2008
Location: Houston, TX USA
Posts: 262
Thanks: 9
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
Abinishio is on a distinguished road
Thumbs up Presco plc

YE '2007
Div 5k
Bonus 1:1Result just released today.
The rally is on

AB
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 19th May 2008, 05:34 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 80,676, Level: 100
Points: 80,676, Level: 100 Points: 80,676, Level: 100 Points: 80,676, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 25,124
Thanks: 97
Thanked 243 Times in 195 Posts
Groans: 1
Groaned at 3 Times in 3 Posts
Rep Power: 36
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

Quote:
Originally Posted by Abinishio View Post
YE '2007
Div 5k
Bonus 1:1Result just released today.
The rally is on

AB
PRESCO: YE DEC 2007 & 1ST QTR MAR 2008

PRESCO PLC, AUDITED ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2007

TURNOVER 07 N2.266b, 06 N2.104b

EXCEPTIONAL ITEMS 07 N32.315m

PROFIT BEFORE TAXATION 07 N239.913m, 06 N293.711m

TAXATION 07 (N202.662m) 06 (N76.841m)

PROFIT AFTER TAXATION 07 N37.251m, 06 N216.870m

PROPOSED DIVIDEND /SHARE 5KOBO

PROPOSED BONUS ISSUE 1 FOR 1

CLOSURE DATE 30TH JUNE TO 4TH JULY 2008

PAYMENT DATE 30TH JULY 2008
__________________
“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
  #3 (permalink)  
Old 19th May 2008, 09:20 PM
newton's Avatar
Rank: Senior Member
Points: 6,389, Level: 52
Points: 6,389, Level: 52 Points: 6,389, Level: 52 Points: 6,389, Level: 52
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2007
Location: New Brunswick, NJ
Posts: 533
Thanks: 2
Thanked 6 Times in 5 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
newton is on a distinguished road
Send a message via Yahoo to newton
Default

Little wonder the bonus issue, the comparative result is quite bad (check PAT drop...)
__________________
Once u know what the market is thinking, jump the other way, bet the unexpected... (Soros)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 19th May 2008, 09:54 PM
tonidol's Avatar
Rank: Senior Member
Points: 7,434, Level: 57
Points: 7,434, Level: 57 Points: 7,434, Level: 57 Points: 7,434, Level: 57
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Dec 2006
Location: UK
Posts: 642
Thanks: 0
Thanked 3 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
tonidol is on a distinguished road
Default

Presco closed today @22.95 with 4.99% +change.

I don't really follow this sector but can anyone explain the reason for this sharp drop in PAT?

If it is a one off problem during the year, l do not mind jumping in before the close date of 30 June at the right price to benefit from the bonus issue.

Gurus following this sector, what is the right price to take position to benefit from the bonus please?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 19th May 2008, 09:59 PM
anekwlc's Avatar
Rank: Senior Member
Points: 7,112, Level: 55
Points: 7,112, Level: 55 Points: 7,112, Level: 55 Points: 7,112, Level: 55
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 169
Thanks: 0
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
anekwlc is on a distinguished road
Default

Quote:
Originally Posted by newton View Post
Little wonder the bonus issue, the comparative result is quite bad (check PAT drop...)
.
Not sure it is bad. They showed exceptional item for 2007 and also released a Q1 result for 08 with Turnover growth of 80% and PAT of 160%. To me it seems like they have been investing and are now ready for harvesting. I think the split is to reward their patient investors.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 19th May 2008, 10:02 PM
tonidol's Avatar
Rank: Senior Member
Points: 7,434, Level: 57
Points: 7,434, Level: 57 Points: 7,434, Level: 57 Points: 7,434, Level: 57
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Dec 2006
Location: UK
Posts: 642
Thanks: 0
Thanked 3 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
tonidol is on a distinguished road
Default

Quote:
Originally Posted by anekwlc View Post
.
Not sure it is bad. They showed exceptional item for 2007 and also released a Q1 result for 08 with Turnover growth of 80% and PAT of 160%. To me it seems like they have been investing and are now ready for harvesting. I think the split is to reward their patient investors.
Do you have details of what the exceptional item is???
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 19th May 2008, 10:16 PM
anekwlc's Avatar
Rank: Senior Member
Points: 7,112, Level: 55
Points: 7,112, Level: 55 Points: 7,112, Level: 55 Points: 7,112, Level: 55
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 169
Thanks: 0
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
anekwlc is on a distinguished road
Default

Quote:
Originally Posted by tonidol View Post
Do you have details of what the exceptional item is???
Not yet but tried their website today and was impressed with the organisation. They showed when they started planting, hecters planted , upgrading their Boiler and about 75% are ready for harvesting. I wonder why I have not gone to this site before now. I am not thinking of buying now because I am not sure i will get at good price. They have about 600M shares with 60% in the hand of one Belgium investor. Upto you guy
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 20th May 2008, 01:26 PM
tonidol's Avatar
Rank: Senior Member
Points: 7,434, Level: 57
Points: 7,434, Level: 57 Points: 7,434, Level: 57 Points: 7,434, Level: 57
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Dec 2006
Location: UK
Posts: 642
Thanks: 0
Thanked 3 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
tonidol is on a distinguished road
Default

Quote:
Originally Posted by anekwlc View Post
Not yet but tried their website today and was impressed with the organisation. They showed when they started planting, hecters planted , upgrading their Boiler and about 75% are ready for harvesting. I wonder why I have not gone to this site before now. I am not thinking of buying now because I am not sure i will get at good price. They have about 600M shares with 60% in the hand of one Belgium investor. Upto you guy
Up to me indeed!!! Will also try to visit their website to know the full scope of their operation. If they are into any form of food production apart from poultry, with the global food crisis, it should then be a worthy investment. Anyway, thanks.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 20th May 2008, 07:41 PM
DaInvestor's Avatar
Rank: Senior Member
Points: 7,086, Level: 55
Points: 7,086, Level: 55 Points: 7,086, Level: 55 Points: 7,086, Level: 55
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Posts: 233
Thanks: 1
Thanked 6 Times in 5 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
DaInvestor is on a distinguished road
Default

the rally has started, good luck to the guys that took position on this one

Last edited by DaInvestor; 20th May 2008 at 07:55 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 21st May 2008, 07:54 AM
Apache's Avatar
Forum Moderator
Rank: Senior Member
Points: 20,972, Level: 91
Points: 20,972, Level: 91 Points: 20,972, Level: 91 Points: 20,972, Level: 91
Activity: 6%
Activity: 6% Activity: 6% Activity: 6%
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,493
Thanks: 10
Thanked 7 Times in 7 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
Apache is on a distinguished road
Default

From your discussions, I guess none of you have seen their 1st Qtr result. They had a PAT of =N=278m against =N=76m in the previous quarter which is a 160% increase.
I hope those guys that sent me PMs on what to buy early in the year got into this stock as i recommended then when it was hovering btw =N=10-12. Though, can't advise you enter now.
__________________
Advice is one thing that is freely given away, but watch that you take only what is worth having
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #11 (permalink)  
Old 21st May 2008, 08:23 AM
ntom's Avatar
Rank: Senior Member
Points: 3,829, Level: 39
Points: 3,829, Level: 39 Points: 3,829, Level: 39 Points: 3,829, Level: 39
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2008
Posts: 128
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
ntom is on a distinguished road
Default

presco is a growing concern it is a mistake we did not notice it in time with there 1st qtr result and the expansion going on we have miss it our elders on this forum pls any news on redstar and ikeja hotel let us know in time b4 it becomes another presco
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #12 (permalink)  
Old 21st May 2008, 01:44 PM
zainabusman's Avatar
Rank: Senior Member
Points: 9,730, Level: 66
Points: 9,730, Level: 66 Points: 9,730, Level: 66 Points: 9,730, Level: 66
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jan 2008
Posts: 3,110
Thanks: 22
Thanked 36 Times in 26 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 14
zainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of light
Default

Quote:
Originally Posted by DaInvestor View Post
the rally has started, good luck to the guys that took position on this one
The way the market is of recent the rallies dont last long. Lets watch and see.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 21st May 2008, 02:32 PM
newton's Avatar
Rank: Senior Member
Points: 6,389, Level: 52
Points: 6,389, Level: 52 Points: 6,389, Level: 52 Points: 6,389, Level: 52
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2007
Location: New Brunswick, NJ
Posts: 533
Thanks: 2
Thanked 6 Times in 5 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
newton is on a distinguished road
Send a message via Yahoo to newton
Default

Quote:
Originally Posted by anekwlc View Post
.
Not sure it is bad. They showed exceptional item for 2007 and also released a Q1 result for 08 with Turnover growth of 80% and PAT of 160%. To me it seems like they have been investing and are now ready for harvesting. I think the split is to reward their patient investors.
I dont place much reliance on interim results as we've had instances of coys with 9month PAT much more than FY PAT. Especially for companies without proper controls over financial reporting (most securities on the NSE are in this category), also the foreign investor thing is usually a means of repartriating funds overseas as they make money even when their affiliates are in losses (thru technical services cahrges / management charges / intercompany transactions - i'v seen all sorts of these in due diligence reviews)
__________________
Once u know what the market is thinking, jump the other way, bet the unexpected... (Soros)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 21st May 2008, 04:01 PM
BLUEMONEY's Avatar
Rank: Senior Member
Points: 5,589, Level: 48
Points: 5,589, Level: 48 Points: 5,589, Level: 48 Points: 5,589, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2008
Posts: 1,362
Thanks: 1
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
BLUEMONEY will become famous soon enoughBLUEMONEY will become famous soon enough
Wink

Quote:
Originally Posted by zainabusman View Post
The way the market is of recent the rallies dont last long. Lets watch and see.
you are correct. is like the bear is refusing to let go of the market.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #15 (permalink)  
Old 28th May 2008, 05:53 PM
BLUEMONEY's Avatar
Rank: Senior Member
Points: 5,589, Level: 48
Points: 5,589, Level: 48 Points: 5,589, Level: 48 Points: 5,589, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2008
Posts: 1,362
Thanks: 1
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
BLUEMONEY will become famous soon enoughBLUEMONEY will become famous soon enough
Wink

[QUOTE=hispy99;19501]We need to be careful with PRESCO, I have gone through their results from 2003 and usually, they have around 2 bad quarters every fiscal year.

this was originally posted by hispy99 in the NASCON thread and i am in total agreement of what he said.

this every year father christmas of giving bonus this by company is alarming becuase they have not shown any evidence of improving profit.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 28th May 2008, 07:19 PM
Babs_O's Avatar
Rank: Senior Member
Points: 8,754, Level: 63
Points: 8,754, Level: 63 Points: 8,754, Level: 63 Points: 8,754, Level: 63
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,313
Thanks: 17
Thanked 18 Times in 14 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
Babs_O will become famous soon enough
Default

Quote:
Originally Posted by zainabusman View Post
The way the market is of recent the rallies dont last long. Lets watch and see.
The PRESCO rally has really lasted long. It has done 100% price appreciation this year. Wonder if it will start falling during summer ?
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #17 (permalink)  
Old 28th May 2008, 08:04 PM
BLUEMONEY's Avatar
Rank: Senior Member
Points: 5,589, Level: 48
Points: 5,589, Level: 48 Points: 5,589, Level: 48 Points: 5,589, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2008
Posts: 1,362
Thanks: 1
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
BLUEMONEY will become famous soon enoughBLUEMONEY will become famous soon enough
Wink

Quote:
Originally Posted by Babs_O View Post
The PRESCO rally has really lasted long. It has done 100% price appreciation this year. Wonder if it will start falling during summer ?
Yes it has done 100% this year but i believe what zainabusman was trying to point out was the rally after the release of the result. Despite the bonus, the rally was short-lived unlike in a Bull market.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #18 (permalink)  
Old 28th May 2008, 09:19 PM
Babs_O's Avatar
Rank: Senior Member
Points: 8,754, Level: 63
Points: 8,754, Level: 63 Points: 8,754, Level: 63 Points: 8,754, Level: 63
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,313
Thanks: 17
Thanked 18 Times in 14 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
Babs_O will become famous soon enough
Default

Quote:
Originally Posted by BLUEMONEY View Post
Yes it has done 100% this year but i believe what zainabusman was trying to point out was the rally after the release of the result. Despite the bonus, the rally was short-lived unlike in a Bull market.
No she made the remark on the 21st @ N25. And it still rallied for 1 more week. It was just N16 a month ago.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #19 (permalink)  
Old 29th May 2008, 01:13 AM
anekwlc's Avatar
Rank: Senior Member
Points: 7,112, Level: 55
Points: 7,112, Level: 55 Points: 7,112, Level: 55 Points: 7,112, Level: 55
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 169
Thanks: 0
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
anekwlc is on a distinguished road
Default

Quote:
Originally Posted by Babs_O View Post
No she made the remark on the 21st @ N25. And it still rallied for 1 more week. It was just N16 a month ago.
People made their money in this stock this year and will still make more after the mark down. The stock was selling for N12 at the begining of the year
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #20 (permalink)  
Old 29th May 2008, 02:28 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 80,676, Level: 100
Points: 80,676, Level: 100 Points: 80,676, Level: 100 Points: 80,676, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 25,124
Thanks: 97
Thanked 243 Times in 195 Posts
Groans: 1
Groaned at 3 Times in 3 Posts
Rep Power: 36
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

I repeat, if history is anything to go by, PRESCO is going to have 1 or 2 dissapointing quarters, so extrapolating 2008 Q1's results might be misleading.
__________________
“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
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
presco and vitafaom ntom Guest & Beginners Questions 1 8th May 2008 07:04 PM


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
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 06:33 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