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  #41 (permalink)  
Old 6th June 2008, 04:36 PM
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C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008

TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m

PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m

TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m

PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m
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  #42 (permalink)  
Old 6th June 2008, 07:08 PM
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Quote:
Originally Posted by hispy99 View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008

TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m

PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m

TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m

PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m
not good enough but not dat bad.
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  #43 (permalink)  
Old 6th June 2008, 07:38 PM
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Quote:
Originally Posted by hispy99 View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008
TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m
PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m
TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m
PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m
I hope u guys noticed that c&i hasn't released the full year results yet...
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  #44 (permalink)  
Old 6th June 2008, 07:55 PM
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Quote:
Originally Posted by hispy99 View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008

TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m

PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m

TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m

PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m
Not too impressive. we are still waiting for the audited result.
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  #45 (permalink)  
Old 6th June 2008, 08:00 PM
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So PAT company QTR1 '08 is more than PAT group QTR1 '08?? Looks a little odd to me....
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Old 8th June 2008, 08:03 PM
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So PAT company QTR1 '08 is more than PAT group QTR1 '08?? Looks a little odd to me....
If the figure though unaudited is truly reliable, the only logical explanation to that was that other subsidiary(ies) in the group have made loss(es) which was net off the PAT of the company. But then, lets wait for the full audited results to assess the true position of the company/group.
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  #47 (permalink)  
Old 9th June 2008, 02:22 AM
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Thumbs up Blazing HOT!!
Quote:
Originally Posted by hispy99 View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008

TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m

PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m

TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m

PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m
Based on this result the earning per share is 40K with a projected earnings of 160K at year end (Feb 2009). At the current price of N11.16, the forward PE is 6.98. Goodness gracious!! Who said this result is not good enough?? Can you see what I am seeing?? This result is blazing HOT!

I think it is time for me to get back into C&I Leasing. Left to me, this company is the cheapest on the stock exchange at the moment with a PE of 6.98, cheaper than skye bank with a PE of 7.03. It is time to get back into this company!!
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Last edited by knightofdelta : 9th June 2008 at 02:26 AM.
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  #48 (permalink)  
Old 9th June 2008, 04:12 AM
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Quote:
Originally Posted by knightofdelta View Post
Based on this result the earning per share is 40K with a projected earnings of 160K at year end (Feb 2009). At the current price of N11.16, the forward PE is 6.98. Goodness gracious!! Who said this result is not good enough?? Can you see what I am seeing?? This result is blazing HOT!

I think it is time for me to get back into C&I Leasing. Left to me, this company is the cheapest on the stock exchange at the moment with a PE of 6.98, cheaper than skye bank with a PE of 7.03. It is time to get back into this company!!
6.98 ke? where you take see that one o. I have a PE ~ 55. Shares oustanding is 1.6B. Make u run quick change your bedsheet
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  #49 (permalink)  
Old 9th June 2008, 07:29 AM
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Originally Posted by hispy99 View Post
6.98 ke? where you take see that one o. I have a PE ~ 55. Shares oustanding is 1.6B. Make u run quick change your bedsheet
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008
TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m
PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m
TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m
PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m

Earning per share for Q1(April 2008) = 40K (Based on 2 billion units of shares in issue not 1.6 billion: they raised 1.4 billion in 2006 and had 600 million units before then)

Projected earning per share for year end (Jan 2009) = 40K x 4 = 160K

Current price = N11.16

Forward price earning ratio (Jan 2009 based on linear projection) = 6.98

My bedsheet still get some unwrinkled portions.
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  #50 (permalink)  
Old 9th June 2008, 08:52 AM
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Default Is it 40k or 4k?
The group PAT for QTR1 '08 is N80,935,000

The total share outstanding is supposed to be 2Billion

Therefore EPS is 0.04....which methinks is 4kobo and NOT 40KOBO

Guys pls check it again....
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  #51 (permalink)  
Old 9th June 2008, 12:46 PM
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Quote:
Originally Posted by blanka View Post
The group PAT for QTR1 '08 is N80,935,000

The total share outstanding is supposed to be 2Billion

Therefore EPS is 0.04....which methinks is 4kobo and NOT 40KOBO

Guys pls check it again....

@Blanka you are right... i get N0.04 too not 40k.

@Knight - i think your bedsheet get plenty wrinkled areas- at least there are some 'zeros' still rearing their heads
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Old 9th June 2008, 12:56 PM
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thanks for the efreebook. More Success to your efforts, amen. Please keep the ball rolling. Can i get the list of legal stock brokers please? thanks.
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  #53 (permalink)  
Old 9th June 2008, 01:10 PM
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Quote:
Originally Posted by knightofdelta View Post
Based on this result the earning per share is 40K with a projected earnings of 160K at year end (Feb 2009). At the current price of N11.16, the forward PE is 6.98. Goodness gracious!! Who said this result is not good enough?? Can you see what I am seeing?? This result is blazing HOT!

I think it is time for me to get back into C&I Leasing. Left to me, this company is the cheapest on the stock exchange at the moment with a PE of 6.98, cheaper than skye bank with a PE of 7.03. It is time to get back into this company!!

Le them release their full yr earning first. Hope u have not forgotten that tey are coming to raise more fund and they might likely promise the people u buy the ipo with dividend and even if they dont, by the time they release the certificate, the price will crash. Skye bank after diluting the new share will be around 18 if their is no oversubscription and their will be certain oversub.
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  #54 (permalink)  
Old 9th June 2008, 02:38 PM
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Quote:
Originally Posted by knightofdelta View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008
TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m
PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m
TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m
PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m

Earning per share for Q1(April 2008) = 40K (Based on 2 billion units of shares in issue not 1.6 billion: they raised 1.4 billion in 2006 and had 600 million units before then)

Projected earning per share for year end (Jan 2009) = 40K x 4 = 160K

Current price = N11.16

Forward price earning ratio (Jan 2009 based on linear projection) = 6.98

My bedsheet still get some unwrinkled portions.

I have around 1B additional shares listed for the PO. Are we sure the 1.4B shares offer was fully subscribed? Please anyone with this info in-house?

If the shares outstanding is 2B, then the PE is even worse than the 55 I stated earlier. I hope you know it is N80M PAT for Q1 and not N800M?

PE is ~ 69 if shares outstanding is 2B. As mentioned by other posters, EPS is 4k*4 = 16kobo
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Old 9th June 2008, 06:24 PM
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Quote:
Originally Posted by knightofdelta View Post
C&I LEASING PLC, UNAUDITED RESULT FOR 1ST QUARTER ENDED 30-04-2008
TURNOVER GROUP 08 N1.086b, COMPANY 08 N989.541m, COMPANY 07 N517.626m
PBT GROUP 08 N101.471m, COMPANY 08 N102.680m, COMPANY 07 N76.155m
TAXATION GROUP 08 N15.402m, COMPANY 08 N15.402m, COMPANY 07 N15.231m
PAT GROUP 08 N80.935m, COMPANY 08 N87.278m, COMPANY 07 N60.924m

Earning per share for Q1(April 2008) = 40K (Based on 2 billion units of shares in issue not 1.6 billion: they raised 1.4 billion in 2006 and had 600 million units before then)

Projected earning per share for year end (Jan 2009) = 40K x 4 = 160K

Current price = N11.16

Forward price earning ratio (Jan 2009 based on linear projection) = 6.98

My bedsheet still get some unwrinkled portions.

Dear All,

I sincerely apologize for the misrepresentation of C&I Leasing fundamentals, which was brought forth as a result of miscalculations. I thought N80 million was N800 million.

Please thread cautiously with this particular stock.

At the end of the day, a good error is better than bad error abi?
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Old 9th June 2008, 09:24 PM
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