Ekocorp Plc.

[billions]

UNAUDITED 2ND QUARTER ACCOUNT ENDED 30/06/2008.
2008 2007
TURNOVER N314.0M N250.6M
PROFIT BEFORE TAXATION N30.6m N55.4m
TAXATION (N3.0m) (N5.5m)
PROFIT AFTER TAXATION N27.58m N49.9m

[hispy99]

COMPANY RESULTS
TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Sep-08 9 Mths N193,518 N37,969 (N2,657) N35,311
30-Sep-07 9 Mths N166,001 N44,630 (N4,463) N40,167
16.58% -14.92% -12.09%

[knightofdelta]

Originally Posted by hispy99

COMPANY RESULTS
TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Sep-08 9 Mths N193,518 N37,969 (N2,657) N35,311
30-Sep-07 9 Mths N166,001 N44,630 (N4,463) N40,167
16.58% -14.92% -12.09%

Na wa o. The health sector has been totally neglected...

[BLUEMONEY]

Originally Posted by hispy99

COMPANY RESULTS
TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
30-Sep-08 9 Mths N193,518 N37,969 (N2,657) N35,311
30-Sep-07 9 Mths N166,001 N44,630 (N4,463) N40,167
16.58% -14.92% -12.09%

It is clear from this result that this stock is overpriced.

[hispy99]

Originally Posted by knightofdelta

Na wa o. The health sector has been totally neglected...

You can do your part too. Stop using local concotions and visit the hospital.

[BLUEMONEY]

Originally Posted by hispy99

You can do your part too. Stop using local concotions and visit the hospital.

While that is not a bad Suggestion, it may also lead to the Abandonment of our Trado-medical Doctors a.k.a Native Doctors that also have thier own Association in Naija. if that Happens, then Expect them to Riot.

And I Doubt if K.O.D uses Local Concotions

[knightofdelta]

Originally Posted by hispy99

You can do your part too. Stop using local concotions and visit the hospital.

Hehehe... I try my best o. In fact I tried my best, really. Why do you think a medical doctor like me would diversify into investment banking? Just because we are no longer worth it in this country. Not when our president decides that we are not worthy of treating him. Once Mr P. starts visiting Nigerian hospitals maybe other Nigerians will follow...

It is painful man... truck drivers in the US earn more than Nigerian doctors and entry level bankers earn on the average more than Specialists... why Ekocorp go release good results?

[knightofdelta]

Originally Posted by BLUEMONEY

While that is not a bad Suggestion, it may also lead to the Abandonment of our Trado-medical Doctors a.k.a Native Doctors that also have thier own Association in Naija. if that Happens, then Expect them to Riot.

And I Doubt if K.O.D uses Local Concotions

Ol boy no doubt am o. I don dey use local concoctions. NAFDAC has been very quiet of recent and it is disquieting... ampiclox and panadol don turn to chalk but egbogi from yemkem dey do the magic...

[BLUEMONEY]

Originally Posted by knightofdelta

Ol boy no doubt am o. I don dey use local concoctions. NAFDAC has been very quiet of recent and it is disquieting... ampiclox and panadol don turn to chalk but egbogi from yemkem dey do the magic...

Ha, if you are using it then what are we waiting for ????? Mr P may also be using it.

[knightofdelta]

Originally Posted by BLUEMONEY

Ha, if you are using it then what are we waiting for ????? Mr P may also be using it.

With the way you dey talk ehn... Ekocorp shares fit turn negative and people go begin pay to offload their shares o.

[bivins1]

Originally Posted by hispy99

You can do your part too. Stop using local concotions and visit the hospital.

Bros you go kill person hia ooooo

[BLUEMONEY]

Originally Posted by knightofdelta

With the way you dey talk ehn... Ekocorp shares fit turn negative and people go begin pay to offload their shares o.

Well I Certainly hope the situation wont get to that level.

[hispy99]

Additional Listing

110,000,000 Additional Shares Were Listed In Favor Of Ekocorp Plc Following The Approval Of A Special Placement.

[zainabusman]

Originally Posted by knightofdelta

Hehehe... I try my best o. In fact I tried my best, really. Why do you think a medical doctor like me would diversify into investment banking? Just because we are no longer worth it in this country. Not when our president decides that we are not worthy of treating him. Once Mr P. starts visiting Nigerian hospitals maybe other Nigerians will follow...

It is painful man... truck drivers in the US earn more than Nigerian doctors and entry level bankers earn on the average more than Specialists... why Ekocorp go release good results?

Sorry to digress.

I can assure u a Trainee Geologist in one of the top oil service firms earns more than a specialist. I just saw an offer letter for a trainee geologist. I could not believe how high these guys are paid. I cant blame anyone who decides medicine is a no go area for now unfortunately.


As for Ekocorp, i participated in their IPO back in 1997 i think at N3.25. I managed to finally sell off my 2,000 units plus bonuses late last year. I have been trying to sell b4 but no buyers. That was when it occurred to me we might have a bubble. The investment return was very modest when compared to what one could have earned if invested in FBN etc. But then it was a small amount. Thank God!

[BLUEMONEY]

Originally Posted by hispy99

Additional Listing

110,000,000 Additional Shares Were Listed In Favor Of Ekocorp Plc Following The Approval Of A Special Placement.

Special Placement -- it is like the Big Boys have made thier moves.