C&I Leasing

[Survival2006]

Hello Folks, Can we share our knowledge on C & I Leasing. I see there has been some increased activity on the shares of this company lately, and they even paid a 6k Interim Dividend. Their half year result is adjudged impressive compared to their last year performance. Its shares outstanding is given as 600,000,000. It almost always features in the BUY recommend lists of notable analysts. What more can be said about this stock? Please if you do know, kindly share. Thanks for your self-sacrificing spirit.

[hispy99]

My brothers and sisters on this forum...

I have heard a number of people say good things about this company and I have decided to take a look myself. However, I cannot find financials on this firm on my own (they have a website, but everytime i try to connect to it, I fail) or from my broker. Anyone with financials of this company in the house or a link to where I can get the financials? I promise to share my observations with the house if the financials are detailed enough to permit a thorough analysis.

[JEI]

Information gathered from Stockwatch weekly revealed that C & I leasing Plc's earnings have been improving consistentently since the beginning of the current financial year as the company has acquired 40% of a leasing company in Ghana. Its recent 5 kobo interim dividend paid to its shareholders and the possibility of final dividend at the year end is high as the market expects the company's audited result for the finanacial year ending January 2008.

[blanka]

Really wanted to buy C&I back when it was 5 bucks....the Eps of 47kobo at third quater is impressive...eps full year is likely to exceed 60kobo cos they are making an average of 15-16kobo/quater....The implication of this is that there is a huge prospect for cap appreciation(60kobo full year can support N12)...and div possibility is high!

[Gengen]

CILeasing is one of the dark horses that I have followed for some time. However, I will like to clarify some issues from those of you that know much about this company.
Some Questions:
1. Was the acquisition of a leasing company in Ghana successful?
2. Who are the major share holders? Any foreign investors?
3. Is the outstanding share number of 600,000,000 shares correct?
4. Are there any plans for a Public Offer soon?

Expecting your FEEDBACKS yesterday!!!

[pumping]

Originally Posted by Gengen

CILeasing is one of the dark horses that I have followed for some time. However, I will like to clarify some issues from those of you that know much about this company.
Some Questions:
1. Was the acquisition of a leasing company in Ghana successful?
2. Who are the major share holders? Any foreign investors?
3. Is the outstanding share number of 600,000,000 shares correct?
4. Are there any plans for a Public Offer soon?

Expecting your FEEDBACKS yesterday!!!

3. Outstanding shares is around 1.6B

PO sometime June 2006 for 1.4B shares - 75% subscribed according to the SEC website.

[blanka]

Shareholding structure as gleaned from 2006 annual report shows that leadway assurance and crusader insurance has 6 and 5% respectively,a certain credit alliance fin services has 10%,petra properties ltd has 11%,out consortium fin ltd has 13%.....No chance of a PO soon cos one was done in mid 2006....shares oustanding should be in the region of 1.6B to 2B shares.reason is C&I had 600million shares as at jan 2006(as seen in the 2006 annual report), they have since issued a PO of 1.4Billion shares. even if i don't know the level of subscription...And yes GENGEN the aquisition of a 48% stake in that leasing firm in Ghana was a done deal...I hope this helps!

[Gengen]

A BIG THANKS to Blanka and Pumping for your feedbacks. I really appreciate this.

This issue of having wrong Outstanding shares, with margin of error high (compare 0.6 billion vs. 1.6 billion), needs to be addressed. Even the NSE website is wrong

[biyi oshinaga]

guys, ive been observing c&i leasing lately, the company has been posting good earnings lately..., the latest eps is 47kobo from 29kobo.the conpany has also divisified into leasing of oil equipment, therefore boosting its earnings. after a comparative analysis, i realized that c&i is cheap and a good buy at the crrent market price... guys.. lets invest with numbers....any other views?

[pumping]

Originally Posted by biyi oshinaga

guys, ive been observing c&i leasing lately, the company has been posting good earnings lately..., the latest eps is 47kobo from 29kobo.the conpany has also divisified into leasing of oil equipment, therefore boosting its earnings. after a comparative analysis, i realized that c&i is cheap and a good buy at the crrent market price... guys.. lets invest with numbers....any other views?

Having very good future prospects is one thing, but cheap??? I don't agree. CILeasing has a projected PE of over 32 currently. It is expensive now.

A good stock to have but a reasonable price for now is N6 and not the current N7.50.

That said, if the stock price refuses to fall, what gives??

[newton]

Quite right pumping. More than ever there's need to time entry into stocks that have good future prospects else u'll just join the wagon of folks pushing up the price when its goin up. I remember picking up some c&i leasing units early in the year @ N1.10k. I think identifying future earnings spinners wd work beta 4 us all!

[Taipan]

Originally Posted by pumping

Having very good future prospects is one thing, but cheap??? I don't agree. CILeasing has a projected PE of over 32 currently. It is expensive now.

A good stock to have but a reasonable price for now is N6 and not the current N7.50.

That said, if the stock price refuses to fall, what gives??

I dont believe that there's anything like 'the price refusing to fall'. Water will always find its' level (or isnt that how they say it?). All that is required is patience and steel nerves.
But that aside, if indeed the price refuses to fall, there are always other stocks out there. No matter how good a company's prospects are, if you buy high, you're just being one of the masses who are bound to get slaughtered sooner or later.
I try to look for stocks that are so cheap that even with a very marginal price increase or none at all, my earnings are still guaranteed- not many of them out there though. (You wont catch me buying stocks with PE above 20. I target the 0-15 range.) But again, since water ALWAYS finds its level, such stocks are bound to rise up to at least the market average sooner or later. Mr Market may be blind and over-euphoric, but he's smart enough that with time, he'll recognise value.

[chineduz]

Originally Posted by hispy99

My brothers and sisters on this forum...

I have heard a number of people say good things about this company and I have decided to take a look myself. However, I cannot find financials on this firm on my own (they have a website, but everytime i try to connect to it, I fail) or from my broker. Anyone with financials of this company in the house or a link to where I can get the financials? I promise to share my observations with the house if the financials are detailed enough to permit a thorough analysis.

I was wodering if you had any luck with this chase. I am thinking about picking up the stock but have not got much to decide on. Would appreciate if you could share some of your findings. Cheers

[Goddey]

Check this website, they have all of their financial statements posted. Go to the INvestors Relations link.

Welcome to C & I Leasing

[chineduz]

Originally Posted by Goddey

Check this website, they have all of their financial statements posted. Go to the INvestors Relations link.

Welcome to C & I Leasing

Thanks, Good job and keep it up!

[hispy99]

Originally Posted by chineduz

I was wodering if you had any luck with this chase. I am thinking about picking up the stock but have not got much to decide on. Would appreciate if you could share some of your findings. Cheers

This was a while back, but I decided not to buy in the end. I was obviously very wrong