Chams Nigeria Plc

[ayemco]

Originally Posted by hispy99

Chams Plc grows PAT by 3024.8% in Q1 2010 result. - Proshare

That balance sheet does not add up for me. Actually the whole accounts:

Check out the P/L for 2009. The PBT and PAT versus tax does not add up
With over a1Billion liabilities against 300 million assets they report net assets of 8 million.

[Oracle]

29-10-2010 CHAMS PLC Unaudited Q2 (June) 2010
Profit and Loss Information
2010 2009
Turnover N457.329m N121.716m
Profit Before Tax (N288.613m) (N466.608m)
Taxation (N43.292m) (N69.991m)
Profit After Taxa (N331.905m) (N536.600m)
30-06-10 31-12-2010
Fixed Assets N2.434b N2.585b
Stock N253.412m N333.949m
Trade Debtors N4.173b N3.414b
Cash And Bank Bals N6.864m N10.110m
Other Debit Balances N1.538b N1.612b
Trade Creditors N233.624m N253.664m
Short Term Borrowings N1.084b N637.192m
Other Credit Balances N1.044b N1.080b
Working capital N4.010b N3.875b
Net Assets N8.471b N8.761b


This one na ''gbelo....gbebo'' company.

[knightofdelta]

Originally Posted by Oracle

29-10-2010 CHAMS PLC Unaudited Q2 (June) 2010
Profit and Loss Information
2010 2009
Turnover N457.329m N121.716m
Profit Before Tax (N288.613m) (N466.608m)
Taxation (N43.292m) (N69.991m)
Profit After Taxa (N331.905m) (N536.600m)
30-06-10 31-12-2010
Fixed Assets N2.434b N2.585b
Stock N253.412m N333.949m
Trade Debtors N4.173b N3.414b
Cash And Bank Bals N6.864m N10.110m
Other Debit Balances N1.538b N1.612b
Trade Creditors N233.624m N253.664m
Short Term Borrowings N1.084b N637.192m
Other Credit Balances N1.044b N1.080b
Working capital N4.010b N3.875b
Net Assets N8.471b N8.761b


This one na ''gbelo....gbebo'' company.

Another nonsense company on the NSE. When others are releasing Q3, it is just struggling to release Q2, then they will start popping the champagne. Nonsense company...

[muranay@yahoo.com]

Chams Plc: Concession Agreement - Proshare

[muranay@yahoo.com]

Chams Plc declares N1.17 billion loss in Q3 2010 result. - Proshare

[pesadilla]

Originally Posted by muranay@yahoo.com

Chams Plc declares N1.17 billion loss in Q3 2010 result. - Proshare

nonsense company,stupid PP money lovers,keeping on declaring losses untill you get delisted from the exchnge

[cashrules]

Originally Posted by pesadilla

nonsense company,stupid PP money lovers,keeping on declaring losses untill you get delisted from the exchnge

Guy.. U dey vex o!!!! Take am easy naa!!!

[pesadilla]

Originally Posted by cashrules

Guy.. U dey vex o!!!! Take am easy naa!!!

leave me make i yab them small,they used fraudulent valuations to our collect PP money,( the mother of all PP's )

[faithgonuel]

Originally Posted by Oracle

29-10-2010 CHAMS PLC Unaudited Q2 (June) 2010
Profit and Loss Information
2010 2009
Turnover N457.329m N121.716m
Profit Before Tax (N288.613m) (N466.608m)
Taxation (N43.292m) (N69.991m)
Profit After Taxa (N331.905m) (N536.600m)
30-06-10 31-12-2010
Fixed Assets N2.434b N2.585b
Stock N253.412m N333.949m
Trade Debtors N4.173b N3.414b
Cash And Bank Bals N6.864m N10.110m
Other Debit Balances N1.538b N1.612b
Trade Creditors N233.624m N253.664m
Short Term Borrowings N1.084b N637.192m
Other Credit Balances N1.044b N1.080b
Working capital N4.010b N3.875b
Net Assets N8.471b N8.761b


This one na ''gbelo....gbebo'' company.

I dey only see good candidate to be delisted from them the floor of the NSE
Oga KOD...., wetin u think?

[Oracle]

Originally Posted by pesadilla

leave me make i yab them small,they used fraudulent valuations to our collect PP money,( the mother of all PP's )

hope u have learnt something about PPs?

[knightofdelta]

Originally Posted by faithgonuel

I dey only see good candidate to be delisted from them the floor of the NSE
Oga KOD...., wetin u think?

Nonsense company...

[Oracle]

Chams Plc declares N657.36 million loss in Q3 2010 result. - Proshare

The end!

[baotoghile]

Originally Posted by Oracle

Chams Plc declares N657.36 million loss in Q3 2010 result. - Proshare

The end!

on november 25, 2010 proshare published q3 report for this same cham:
pat as -1.174b; na as 7.997b!!!

Pls help me ask proshare why the conflicting report!

[ayemco]

Originally Posted by baotoghile

on november 25, 2010 proshare published q3 report for this same cham:
pat as -1.174b; na as 7.997b!!!

Pls help me ask proshare why the conflicting report!

It does not really make any difference anyway. This comopany is dead. National ID or not.

[newton]

Originally Posted by ayemco

It does not really make any difference anyway. This comopany is dead. National ID or not.

I couldn't agree more, one of the very clear cases of fraudulent practice in the system. They basically rode the PP tide and riped off investors, like me...lol. Guess u win some and lose some.

[Babs_O]

These guys despite pius looks have contributed their quota to making NSE PP or whatever not attractive. We just have little option than to continue hoping for a better tide in the Economy / NSE come next year.

[nosmas]

Originally Posted by Babs_O

These guys despite pius looks have contributed their quota to making NSE PP or whatever not attractive. We just have little option than to continue hoping for a better tide in the Economy / NSE come next year.

the name of the company sound likes SHAMS. They are very true to the spirit of the sound.

[Jacobian]

Originally Posted by nosmas

the name of the company sound likes SHAMS. They are very true to the spirit of the sound.

Oga Nosmas, I understand your anger but sometimes it might be good for us to guard our emotions. Chams, in my opinion, is not doing great as expected but still have some future potentials. If not for anything, it is currently an active employer of labour in Nigeria. Their fortunes, no doubt, could still change tomorrow. Sometimes, I struggle to understand what their problems are at the moment. If you don't mind, you could go through the Japaul thread to see how their image was battered for not doing well at some point and today it is a different story. So, never say never!

Disclaimer: I am not currently a shareholder of Chams Plc.

[nosmas]

Originally Posted by Jacobian

Disclaimer: I am not currently a shareholder of Chams Plc.

MY ASSUMPTION

[Babs_O]

Originally Posted by nosmas

MY ASSUMPTION

My assumption is you hold some units like me and they currently on paper have delivered a fat loss. And the company is still releasing reports of loss.