University Press

[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

[pumping]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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

[hispy99]

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]

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

[hispy99]

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]

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?

[hispy99]

Originally Posted by knightofdelta

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?

Not delisted...it most likely did not trade today

[hispy99]

The Punch - News, Fresh and Factual

[pegheneji]

i am begining to eye this stock, considering the fact that they gave 2/3 of their EPS as divident last year and with the current estimated EPS of about .90k i expect them to give up to .55k as div. this year and considering that both longman & Accademic press has issued bonus in the past one your, i am considering entering this stock as hidden place out financial services. please is there any one inside the house that have any 'off the shelf' new about this company?

[zainabusman]

Originally Posted by pegheneji

i am begining to eye this stock, considering the fact that they gave 2/3 of their EPS as divident last year and with the current estimated EPS of about .90k i expect them to give up to .55k as div. this year and considering that both longman & Accademic press has issued bonus in the past one your, i am considering entering this stock as hidden place out financial services. please is there any one inside the house that have any 'off the shelf' new about this company?

The div yield at current price is about 9.2% which is not bad. However, this stock is not very liquid and it might be difficult to sell should u want to exit.