University Press

Abinishio · #1 (**permalink**) 1st July 2008, 11:18 PM

House,
Im thinking of taking position here.
Any comments on coy prospects and performance.
I don burn my hands much this period.
Comments urgently welcomed.

AB

pumping · #2 (**permalink**) 2nd July 2008, 01:51 AM

Quote:

Originally Posted by Abinishio

House,
Im thinking of taking position here.
Any comments on coy prospects and performance.
I don burn my hands much this period.
Comments urgently welcomed.

AB

Not a bad idea but timing is crucial. I entered on Monday.

UPL gave 30k dividend for last year and the current forward PE is around 13x which is good. In fact, the best in the sector. Compare to Longman at 23x.

The bears dealt with the stock driving down the price and it was overlooked when the bulls rebounded so a good entry choice.

hispy99 · #3 (**permalink**) 2nd July 2008, 02:21 AM

Quote:

Originally Posted by pumping

Not a bad idea but timing is crucial. I entered on Monday.

UPL gave 30k dividend for last year and the current forward PE is around 13x which is good. In fact, the best in the sector. Compare to Longman at 23x.

The bears dealt with the stock driving down the price and it was overlooked when the bulls rebounded so a good entry choice.

As of today, I have PE ~ 16 for Longman and ~ 15 for UPL. Longman released full year result last week.

pumping · #4 (**permalink**) 2nd July 2008, 10:52 AM

Quote:

Originally Posted by hispy99

As of today, I have PE ~ 16 for Longman and ~ 15 for UPL. Longman released full year result last week.

I did not update Longman's result. Now I have. Depending on how your project your earnings we will differ. I now have 13x for Longman and 13x for UPL too. Ordinarily I won't go for Longman because it is illiquid and the 100k rule will impact it. In any case it is in TS.

knightofdelta · #5 (**permalink**) 2nd July 2008, 07:33 PM

UPL has a projected full year EPS of 56K based on 300 million shares in issue. The small share float is in its favor but getting it to buy at this time is another question. The forward PE by my calculations at today's closing price, N9.14, is 16.32x. It is still fairly priced and good for long term but there are stocks with better safety margin in the market at the moment.

Abinishio · #6 (**permalink**) 2nd July 2008, 07:51 PM

Quote:

Originally Posted by knightofdelta

UPL has a projected full year EPS of 56K based on 300 million shares in issue. The small share float is in its favor but getting it to buy at this time is another question. The forward PE by my calculations at today's closing price, N9.14, is 16.32x. It is still fairly priced and good for long term but there are stocks with better safety margin in the market at the moment.

KOD,
Abeg, I hear you.
Pls advise stock you are talking about.
Maybe im not seeing well, pls send me a PM if need be.

Waiting,
AB

pumping · #7 (**permalink**) 2nd July 2008, 08:29 PM

Quote:

Originally Posted by knightofdelta

UPL has a projected full year EPS of 56K based on 300 million shares in issue. The small share float is in its favor but getting it to buy at this time is another question. The forward PE by my calculations at today's closing price, N9.14, is 16.32x. It is still fairly priced and good for long term but there are stocks with better safety margin in the market at the moment.

You have to understand that UPL and Longman are quite seasonal. Q-4 is a very important quarter for them and you have to weigh this when estimating your full year PAT.

UPL was a target because while everyone was chasing other stocks, no one was looking at it. Many stocks have good fundamentals right now but because they have gained like 20% in the last few days, short termers will trying bailing out and this will dent the price. There is no point buying a stock at a point that it gained 25% in 5 days. By the time your shares clear CSCS which is another 3 days, profit takers will have caused damage to the price.

We already saw this with First Bank and Dangote today.

knightofdelta · #8 (**permalink**) 2nd July 2008, 09:05 PM

Quote:

Originally Posted by pumping

You have to understand that UPL and Longman are quite seasonal. Q-4 is a very important quarter for them and you have to weigh this when estimating your full year PAT.

UPL was a target because while everyone was chasing other stocks, no one was looking at it. Many stocks have good fundamentals right now but because they have gained like 20% in the last few days, short termers will trying bailing out and this will dent the price. There is no point buying a stock at a point that it gained 25% in 5 days. By the time your shares clear CSCS which is another 3 days, profit takers will have caused damage to the price.

We already saw this with First Bank and Dangote today.

Their 4th quarter is from January to March. Do you mean they usually make more money during this period than any other time of the year? Ah! I would have thought the 3rd quarter was their season, based on the fact that schools generally resume new sessions at this time.

ntom · #9 (**permalink**) 4th August 2008, 11:14 PM

Quote:

Originally Posted by Abinishio

KOD,
Abeg, I hear you.
Pls advise stock you are talking about.
Maybe im not seeing well, pls send me a PM if need be.

Waiting,
AB

kod pls if that list remain pm too

pegheneji · #10 (**permalink**) 9th August 2008, 01:27 PM

the release of the result 4 UPL is getting too long o hope is going to be rewarding as as longman and academic press!

riskreturn · #11 (**permalink**) 29th August 2008, 11:05 AM

UNIVERSITY PRESS PLC
AUDITED ACCOUNT FOR THE YEAR ENDED 31 MARCH 2008
2008 2007
TURNOVER N956.945m N691.754m
PROFIT BEFORE TAXATION N240.700m N168.040m
TAXATION (N77.186m) (N58.615m)
PROFIT AFTER TAXATION N163.514m N109.425m
PROPOSED DIVIDEND 35K CLOSURE OF REGISTER 15TH TO 18TH
SEPTEMBER 2008 PAYMENT DATE 25TH SEPTEMBER 2008
AGM 30TH AGM JOGOR CENTRE NO 1 HARVESTER DRIVE LIBERTY
ROAD OFF RING ROAD IBADAN THURSDAY 25TH SEPTEMBER
2008 AT 11 A.M

billions · #12 (**permalink**) 15th September 2008, 06:27 PM

The share price of UPL was adjusted for dividend payment of N0.35k per share.

hispy99 · #13 (**permalink**) 15th October 2008, 03:15 AM

Latest Market Info
UPL: 6 MONTHS SEPT REPORT 2008

UNIVERSITY PRESS PLC, 6 MONTHS ENDED 30-09-2008 TURNOVER 08 N714.495m, 07 N383.549m

PBTAXATION 08 N168.235m, 07 N55.629m

TAXATION 08 (N50.674m) 07 (N16.810m)

PAT 08 N117.561m, 07 N38.828m

pegheneji · #14 (**permalink**) 15th October 2008, 12:58 PM

this is a very good result and i think it is worth investing in now.

hispy99 · #15 (**permalink**) 15th October 2008, 01:22 PM

Quote:

Originally Posted by pegheneji

this is a very good result and i think it is worth investing in now.

I agree with you, the result is good.

knightofdelta · #16 (**permalink**) 16th October 2008, 05:48 PM

Wow... that is the only thing I can say...

The linear year end EPS is 78K based on this results... but wait a minute, University Press is not on the NSE list today. Has it been delisted or what?