BAGCO Plc

[1himself]

Originally Posted by goldsun

my problem has always been where will i get this book

if ur talkn of d book itself then u can get it in some book shops i ll post 4 u later.
But if ur talkn of d Ebook then its available here,just check the thread of BOOKS by Ms Risky then u can download frm there.
If ur avin prob locating d thread use d coustomized google search.

[WOKILUMO]

QUESTION-WHATS GOING ON WITH BAGCO?.[/QUOTE]..

Same thoughts here.......in the words of Olu Jacobs in 'The Third eye' and i quote '' I WONDER, I JUST WONDER"

[1himself]

Originally Posted by WOKILUMO

QUESTION-WHATS GOING ON WITH BAGCO?.

..

Same thoughts here.......in the words of Olu Jacobs in 'The Third eye' and i quote '' I WONDER, I JUST WONDER" [/QUOTE]


its so sad on how d BEARS has changed our orientation dat we are not even expecting BULL again.
I told u before dat i dont think there is any spectacular thing moving BAGCO to d extent i know though.
Its a general bullish trend in d market n its nt Bagco alone.

Japaul is up abt 60%
iKODa hotel abt 70%
Nem/glink abt 25%
most banks abt 50%
etc etc.
So oga WOKILUMO put ur mind at rest n enjoy ur ride.

[WOKILUMO]

Originally Posted by 1himself

..

Same thoughts here.......in the words of Olu Jacobs in 'The Third eye' and i quote '' I WONDER, I JUST WONDER"

its so sad on how d BEARS has changed our orientation dat we are not even expecting BULL again.
I told u before dat i dont think there is any spectacular thing moving BAGCO to d extent i know though.
Its a general bullish trend in d market n its nt Bagco alone.

Japaul is up abt 60%
iKODa hotel abt 70%
Nem/glink abt 25%
most banks abt 50%
etc etc.
So oga WOKILUMO put ur mind at rest n enjoy ur ride.[/QUOTE]
Bros no be small thing, the way that BEAR take ravage man port folio!!!

[123.rado]

Stock: BAGCO

Release: Q3: Dec.'10

Turnover(N’bn): 8.69

%Chg: 14

P B T(N’bn): 0.98

%Chg: 15

P A T(N’bn): 0.67

%Chg: 15

[Oracle]

NIGERIAN BAGS MANUFACTURING COMPANY PLC 1 July 211
Audited Year Ended March 211
Profit and Loss Information
2011 2010
Turnover N18.585b N16.142b
Profit before Tax N1.499b N873.947m
Taxation (N473.830m)(N520.612m)
Profit after Tax N1.025b N353.335m
Balance Sheet Information
Fixed Assets N11.188b N10.348b
Stock N8.328b N6.067b
Trade Debtors N1.305b N720.547m
Cash and Bank Balances N289.059m N80.926m
Other Debit Balances N1.996b N3.536b
Trade Creditors N1.982b N998.643m
Short Term Borrowings N7.454b N5.539b
Other Credit Balances N4.486b N5.247b
Working Capital N1.165b N2.474b
Net Assets N9.185b N8.968b
Corporate Actions
Proposed Dividend 13 Kobo
Payment Date 13 September 211
Closure Date 8 to 12 August 211
AGM Date 6 September 211
AGM Venue Tahir Guest Palace Kano State at 2.30pm

[cashrules]

NIGERIAN BAG MANUFACTURING CO. PLC
November 3, 2011
Unaudited Q2 (Sept.) 2011
Profit and Loss Information
Turnover 30/09/2011 N7.484b 30/09/2010 N5.737b
Cost of Sales 11 (N5.01b) 10 (N3.741b)
Admin Expenses 11 (N750.683m) 10 (N630.247m)
Distribution & Selling 11 (N252.975m) 10 (N126.280m)
Other Operating Income 11 N117.921m 10 N93.696m
Profit Before Tax 11 N999.267m 10 N746.549m
Taxation 11 (N319.765m) 10 (N238.896m)
Profit After Tax 11 N679.502m 10 N507.653m

Balance Sheet Information
Fixed Assets 30-09-11 N6.957b 31-12-10 N7.244b
Investments 11 N35m 10 N35m
Stocks 11 N5.436m 10 N4.635m
Trade Debtors 11 N1.268m 10 N568.401m
Cash and Bank Balances 11 N172.819m 10 N148.269m
Other Debit Balances 11 N852.877m 10 N968.342m
Trade Creditors 11 N2.295b 10 N1.378b
Short Term Borrowings 11 N5.436b 10 N6.348b
Other Credit Balances 11 N4.905b 10 N3.511b
Working Capital 11 N6.436b 10 N5.061b
Net Assets 11 N10.068b 10 N9.860b

[Salida]

Nigerian Bag Manufacturing Co. Plc: Appointments of Company Secretary and Director


January 6, 2012

The Company has notified The Exchange of the appointment to Messrs. Olukorede Okusanya as Company Secretary / Director and Thanasis Mazarakis as Non-Executive Director.

Okusanya has an Upper Credit (HND) in Accounting from Ondo State Polytechnic, Owo, Ondo State. He is a Fellow of the Institute of Chartered Accountants of Nigeria, Fellow, Chartered Institute of Taxation of Nigeria and Associate Member, Nigeria Institute of Management. He obtained Masters’ Degree in Business Administration from Olabisi Onabanjo University, Ago Iwoye, Ogun State. He joined the company in 1999 as Assistant Manager, Accounts and rose to the position of Chief Accountant in 2003 and Chief Accountant / Director in 2009 the position which he held until his appointment as Company Secretary / Director, effective September, 2011

Mazarakis holds a Bachelor of Arts degree from Princeton University (1984) and a Masters in Business Administration from the Wharton School at the University of Pennsylvania (1985). Mazarakis is the Chief Operating Officer of Southern Star Shipping Company in the United States. He has held numerous positions in Finance, Marketing and General Management. Until this appointment, he was the Chief Financial Officer of Presidential Insurance Company of America, one of the largest US Life Insurance Companies.

He was appointed to the Board of Flour Mills of Nigeria Plc. as a Non-Executive Director in July 2006, but current appointment as a Non-Executive Director took effect from November, 2011.

[BigSeun]

NIGERIAN BAG MANUFACTURERS COMPANY PLC
February 3, 2012
Unaudited Results Q3 (31 December, 2011)
Profit and Loss Information
Turnover 11 N10.841b 10 N8.465b
Cost of Sales 11 (N7.277b) 10 (N5.683b)
Expenses 11 (N2.375b) 10 (N2.026b)
Other Income 11 N267.039m 10 N228.026m
Profit before Tax 11 N1.455b 10 N984.139m
Taxation 11 (N465.808m) 10 (N314.924m)
Profit after Tax 11 N989.842m 10 N669.213m

Balance Sheet Information
Fixed Assets 31-12-11 N6.910b 31-03-11 N7.244b
Investments in Subsidiaries 11 N35.000m 11 N35.000m
Stocks 11 N5.575b 11 N4.635b
Trade Debtors 11 N1.090b 11 N568.401m
Cash and Bank Balances 11 N1.016b 11 N148.269m
Other Debit Balances 11 N7.505m 11 N8.467b
Trade Creditors 11 N353.671m 11 N6.348b
Other Credit Balances 11 N8.053b 11 N3.511b
Working Capital 11 N10.292b 11 N5.061b
Net Assets 11 N10.524b 11 N9.8600b

[nosa2]

Originally Posted by BigSeun

NIGERIAN BAG MANUFACTURERS COMPANY PLC
February 3, 2012
Unaudited Results Q3 (31 December, 2011)
Profit and Loss Information
Turnover 11 N10.841b 10 N8.465b
Cost of Sales 11 (N7.277b) 10 (N5.683b)
Expenses 11 (N2.375b) 10 (N2.026b)
Other Income 11 N267.039m 10 N228.026m
Profit before Tax 11 N1.455b 10 N984.139m
Taxation 11 (N465.808m) 10 (N314.924m)
Profit after Tax 11 N989.842m 10 N669.213m

Balance Sheet Information
Fixed Assets 31-12-11 N6.910b 31-03-11 N7.244b
Investments in Subsidiaries 11 N35.000m 11 N35.000m
Stocks 11 N5.575b 11 N4.635b
Trade Debtors 11 N1.090b 11 N568.401m
Cash and Bank Balances 11 N1.016b 11 N148.269m
Other Debit Balances 11 N7.505m 11 N8.467b
Trade Creditors 11 N353.671m 11 N6.348b
Other Credit Balances 11 N8.053b 11 N3.511b
Working Capital 11 N10.292b 11 N5.061b
Net Assets 11 N10.524b 11 N9.8600b

At the price of N1.74 the forward p.e is approximately 8

[Gbolu]

Hi all,
What do you guys think about this BUY advice placed on BAGCO by FSDH... media stunt?

FSDH places a BUY on the shares of BAGCO Plc at the current market price

[nosa2]

Originally Posted by Gbolu

Hi all,
What do you guys think about this BUY advice placed on BAGCO by FSDH... media stunt?

FSDH places a BUY on the shares of BAGCO Plc at the current market price

Read the report and to be honest what I can see is a moderately priced stock in a cheap market, so while the analysis may not be propaganda there are better stocks out there.

Thanks for pasting the report thou and please post more reports

[baotoghile]

NIGERIAN BAG MANUFACTURERS COMPANY PLC
February 3, 2012
Unaudited Results Q3 (31 December, 2011)
Profit and Loss Information
Turnover 11 N10.841b 10 N8.465b
Cost of Sales 11 (N7.277b) 10 (N5.683b)
Expenses 11 (N2.375b) 10 (N2.026b)
Other Income 11 N267.039m 10 N228.026m
Profit before Tax 11 N1.455b 10 N984.139m
Taxation 11 (N465.808m) 10 (N314.924m)
Profit after Tax 11 N989.842m 10 N669.213m

Balance Sheet Information
Fixed Assets 31-12-11 N6.910b 31-03-11 N7.244b
Investments in Subsidiaries 11 N35.000m 11 N35.000m
Stocks 11 N5.575b 11 N4.635b
Trade Debtors 11 N1.090b 11 N568.401m
Cash and Bank Balances 11 N1.016b 11 N148.269m
Other Debit Balances 11 N7.505m 11 N8.467b
Trade Creditors 11 N3.201b 11 N6.348b
Other Credit Balances 11 N8.053b 11 N3.511b
Working Capital 11 N10.292b 11 N5.061b
Net Assets 11 N10.524b 11 N9.860b

Corporate Actions
Proposed Dividend Nil
Proposed Bonus Nil
Payment Date Nil
Closure DateNil
AGM Date Nil
AGM VenueNil
Notes