ConOil

[gbim]

But why is d share price 4 conoil plc so low. Somebody should explain better to me

[gbim]

I am sure we are waiting 4 d coporate actions of conoil plc

[cashrules]

Originally Posted by gbim

I am sure we are waiting 4 d coporate actions of conoil plc

Audited Results (Dec, 2011)
CONOIL PLC
July 18, 2012
Audited Results (Dec, 2011)
Profit and Loss Information
Turnover 31-12-11 N157.512b 31-12-10 N102.878b
Cost of Sales 11 (N142.554b) 10 (N89.192b)
Gross Profit 11 N14.958b 10 N13.686b
Admin Expenses 11 (N6.212b) 10 (N6.186b)
Trading Profit 11 N5.682b 10 N4.731b
Other Income 11 N239.482m 10 N580.312m
Interest & Similar Income 11 N48.899m 10 N474.060m
Interest & Similar Charges 11 (N1.581b) 10 (N1.765b)
Profit before Tax 11 N4.389b 10 N4.021b
Taxation 11 (N1.440b) 10 (N1.231b)
Profit after Tax 11 N2.949b 10 N2.790b
Earnings per Share (kobo) 11 425k 10 402k

Balance Sheet Information
Fixed Assets 31-12-11 N7.967b 31-12-10 N7.670b
Investments 11 N10,000 10 N10,000
Stocks 11 N7.352b 10 N6.872b
Trade Debtors 11 N9.699b 10 N9.378b
Cash & Bank Balances 11 N18.557b 10 N10.153b
Other Debtors 11 N18.266b 10 N7.417b
Trade Creditors 11 N7.765b 10 N5.253b
Short Term Borrowings 11 N11.907b 10 N6.202b
Other Short Term Credits 11 N23.191b 10 N12.666b
Deferred Taxation 11 N1.275b 10 N1.260b
Distributors’ Deposit 11 N459.584m 10 N425.377m
Provisions (Staff Gratuity) 11 N423.859m 10 N423.859m
Working Capital 11 N11.012b 10 N9.699b
Net Assets 11 N16.821b 10 N15.260b


Corporate Actions
Proposed Dividend N2.50
Proposed Bonus Nil
Qualification Date 3rd August 2012
Closure Date 6th – 10th August 2012
AGM Date 30th August 2012
Payment Date 14th September 2012
AGM Venue Yet to be communicated

[emmanuel ewumi]

Originally Posted by cashrules

Audited Results (Dec, 2011)
CONOIL PLC
July 18, 2012
Audited Results (Dec, 2011)
Profit and Loss Information
Turnover 31-12-11 N157.512b 31-12-10 N102.878b
Cost of Sales 11 (N142.554b) 10 (N89.192b)
Gross Profit 11 N14.958b 10 N13.686b
Admin Expenses 11 (N6.212b) 10 (N6.186b)
Trading Profit 11 N5.682b 10 N4.731b
Other Income 11 N239.482m 10 N580.312m
Interest & Similar Income 11 N48.899m 10 N474.060m
Interest & Similar Charges 11 (N1.581b) 10 (N1.765b)
Profit before Tax 11 N4.389b 10 N4.021b
Taxation 11 (N1.440b) 10 (N1.231b)
Profit after Tax 11 N2.949b 10 N2.790b
Earnings per Share (kobo) 11 425k 10 402k

Balance Sheet Information
Fixed Assets 31-12-11 N7.967b 31-12-10 N7.670b
Investments 11 N10,000 10 N10,000
Stocks 11 N7.352b 10 N6.872b
Trade Debtors 11 N9.699b 10 N9.378b
Cash & Bank Balances 11 N18.557b 10 N10.153b
Other Debtors 11 N18.266b 10 N7.417b
Trade Creditors 11 N7.765b 10 N5.253b
Short Term Borrowings 11 N11.907b 10 N6.202b
Other Short Term Credits 11 N23.191b 10 N12.666b
Deferred Taxation 11 N1.275b 10 N1.260b
Distributors’ Deposit 11 N459.584m 10 N425.377m
Provisions (Staff Gratuity) 11 N423.859m 10 N423.859m
Working Capital 11 N11.012b 10 N9.699b
Net Assets 11 N16.821b 10 N15.260b


Corporate Actions
Proposed Dividend N2.50
Proposed Bonus Nil
Qualification Date 3rd August 2012
Closure Date 6th – 10th August 2012
AGM Date 30th August 2012
Payment Date 14th September 2012
AGM Venue Yet to be communicated

The stock gained 4.5% today. The stock price is now over N26.00 and it is moving towards N30.00. Nice ride for investors who bought Conoil for less than N20.00.

[laso]

Originally Posted by emmanuel ewumi

The stock gained 4.5% today. The stock price is now over N26.00 and it is moving towards N30.00. Nice ride for investors who bought Conoil for less than N20.00.

I dont know if u bought d stock @ < N20. The last time i sought d opinion of d house about d stock when it was selling around N20, d general consesus was dat conoil was too risky 2 buy. Thank God i bought some, if not i wil b regreting my action by now. Dancing!

[goldsun]

Originally Posted by laso

I dont know if u bought d stock @ < N20. The last time i sought d opinion of d house about d stock when it was selling around N20, d general consesus was dat conoil was too risky 2 buy. Thank God i bought some, if not i wil b regreting my action by now. Dancing!

enjoy your dance, you have aways make your own decision after weighing the risk. I guess the house did not say you should not buy.

[dr.abrahamb]

Originally Posted by laso

I dont know if u bought d stock @ < N20. The last time i sought d opinion of d house about d stock when it was selling around N20, d general consesus was dat conoil was too risky 2 buy. Thank God i bought some, if not i wil b regreting my action by now. Dancing!

What were the reasons behind this consensus (I can't remember the whole house discussing Conoil) 'risk-rating'? Did you ask? Check them up again.

What was the basis for the reasons behind the risk-rating that you were given? Was it based on fundamentals? Or was it just technical?

Always ask the reasons behind the ratings, and always weigh them against your own findings. This way you garner experience at a quicker rate.

[bivins1]

Originally Posted by dr.abrahamb

What were the reasons behind this consensus (I can't remember the whole house discussing Conoil) 'risk-rating'? Did you ask? Check them up again.

What was the basis for the reasons behind the risk-rating that you were given? Was it based on fundamentals? Or was it just technical?

Always ask the reasons behind the ratings, and always weigh them against your own findings. This way you garner experience at a quicker rate.

Bros you go leave that guy. Afterall na paper profit the guy dey talk about. until he takes profit (which i will be advising him to do right away) ,the stock will fall below 20 naira again immediately after closure date for the dividends .
When we discuss a stock here , the onus still lies on you to do your due dilligence . Sometimes you win and sometimes it doesnt go your way but dont be beat your chest like you know what was going to happen . Just watch this market after Guaranty, first bank and Zenith declare their half year . Brokers are at work here so thread carefully . Take your proft ooooo before you yarn.

[dr.abrahamb]

Originally Posted by bivins1

Bros you go leave that guy. Afterall na paper profit the guy dey talk about. until he takes profit (which i will be advising him to do right away) ,the stock will fall below 20 naira again immediately after closure date for the dividends .
When we discuss a stock here , the onus still lies on you to do your due dilligence . Sometimes you win and sometimes it doesnt go your way but dont be beat your chest like you know what was going to happen . Just watch this market after Guaranty, first bank and Zenith declare their half year . Brokers are at work here so thread carefully . Take your proft ooooo before you yarn.

Chairman, i dey greet O. I don look away from this sector tey tey because of their low margin and 'subsidy-stained' management. Now I must pick another sector to put in my next tranche of cash.

[emmanuel ewumi]

Originally Posted by laso

I dont know if u bought d stock @ < N20. The last time i sought d opinion of d house about d stock when it was selling around N20, d general consesus was dat conoil was too risky 2 buy. Thank God i bought some, if not i wil b regreting my action by now. Dancing!

I bought more of Conoil at N16.00, FBN at N8.00, UBA at 2.00, Access bank at N3.50, Oando at N15.00, Redstar at N2.20, Unilever at N8.00 and Nigerian breweries at N45.00 during the capital market meltdown

[emmanuel ewumi]

Originally Posted by bivins1

Bros you go leave that guy. Afterall na paper profit the guy dey talk about. until he takes profit (which i will be advising him to do right away) ,the stock will fall below 20 naira again immediately after closure date for the dividends .
When we discuss a stock here , the onus still lies on you to do your due dilligence .t doesnt go yo Sometimes you win and sometimes iur way but dont be beat your chest like you know what was going to happen . Just watch this market after Guaranty, first bank and Zenith declare their half year . Brokers are at work here so thread carefully . Take your proft ooooo before you yarn.

Peter Lynch said in this business if you are good, you will be right six times out of ten, and it is not possible to be right nine times out of ten.

Some investors are mainly concerned with dividend income and dividend yield, they will always prefer the stock prices of good companies to go down.

[dr.abrahamb]

Originally Posted by emmanuel ewumi

Peter Lynch said in this business if you are good, you will be right six times out of ten, and it is not possible to be right nine times out of ten.

Some investors are mainly concerned with dividend income and dividend yield, they will always prefer the stock prices of good companies to go down.

...yeah...good companies in management quality and cash flow; not upward price movements.

[bivins1]

Originally Posted by emmanuel ewumi

Peter Lynch said in this business if you are good, you will be right six times out of ten, and it is not possible to be right nine times out of ten.

Some investors are mainly concerned with dividend income and dividend yield, they will always prefer the stock prices of good companies to go down.

Unfortunately price of good stocks seldom go down . instead they hold steady and finally rise rapidly. Its the investors sentiments that is making him wish the price go down. Divest sentiments from investing .like Wanajo said "Past performance is not guarantee for future performance."
For a seasoned veteran investor like you, it sometimes becomes difficult for you not to become sentimental if you think of all the wealth some particular stocks have amassed for you hence it will be difficult for you to see all is not well with oil marketing companies

[emmanuel ewumi]

Originally Posted by bivins1

Unfortunately price of good stocks seldom go down . instead they hold steady and finally rise rapidly. Its the investors sentiments that is making him wish the price go down. Divest sentiments from investing .like Wanajo said "Past performance is not guarantee for future performance."
For a seasoned veteran investor like you, it sometimes becomes difficult for you not to become sentimental if you think of all the wealth some particular stocks have amassed for you hence it will be difficult for you to see all is not well with oil marketing companies

We have more than enough examples of good company that the prices went down, even though they gave a good performance.
Some people are good at capitalizing on the market sentiment. What happened to Unilever that made the price to fall to N8.00 during the melt down, that same stock is now selling for over N30.00.

I disagree with you that all is not well with oil marketing companies, except we have gotten another alternative for petrol, kerosene, diesel etc in the country.

[hispy99]

[Conoil Defies Downturn in Petroleum Marketing, Approves N1.7bn Dividend, Articles | THISDAY LIVE

[gbim]

Originally Posted by hispy99

[Conoil Defies Downturn in Petroleum Marketing, Approves N1.7bn Dividend, Articles | THISDAY LIVE

Nice reward 4 conoil investors

[Dicobody]

http://www.nse.com.ng/Financial%20Ne...JUNE302012.pdf

[Dicobody]

Originally Posted by emmanuel ewumi

The stock gained 4.5% today. The stock price is now over N26.00 and it is moving towards N30.00. Nice ride for investors who bought Conoil for less than N20.00.

Oga emma the rally story has changed,marked down today though,i see the bear eating it now

[omowilly]

6 August 2012

CONOIL PLC

August 6, 2012

SECOND QUARTER RESULTS (Q2), June, 2012

Statement of Comprehensive Income

Turnover 30/06/2012 N76.208b 30/06/2012 N79.907b Audited 11 N157.512b Cost of Sales 12 (N68.477b) 11 (N70.429b) Audited 11 (N142.554b)
Gross Profit 12 N7.732b 11 N9.478b Audited 11 N14.958b
Other Income 12 N61.820m 11 N60.683m Audited 11 N288.381m
Distribution & Admin Expenses 12 (N5.753b) 11 (N5.404b) Audited 11 (N9.277b)
Finance Cost 12 (N1.378b) 11 (N627.078m) Audited 11 (N1.581b)
Profit before Tax 12 N663.137m 11 N3.508b Audited 11 N4.389b
Taxation 12 (N212.204m) 11 (N1.123b) Audited 11 (N1.440b)
Profit after Tax 12 N450.933m 11 N2.385b Audited 11 N2.949b
Earnings per share (k) 12 65 11 344 Audited 11 425

Statement of Financial Position

Property, Plant & Equipment 30-06-12 N7.122b 31-12-11 N7.967b
Long term Investments 12 N10,000 11 N10,000
Inventories 12 N12.404b 11 N7.352b
Trade & Other Receivables 12 N36.799b 11 N27.966b
Cash and Cash Equivalents 12 N77.323m 11 N18.557b
Trade & Other Payables 12 N5.160b 11 N7.765b
Overdrafts/Short term Borrowings 12 N18.212b 11 N11.907b
Other Creditors 12 N11.732b 11 N21.533b
Taxation 12 N1.821b 11 N1.658b
Distributors Deposits 12 N459.584m 11 N459.584m
Staff Gratuity Benefits 12 N423.859m 11 N423.859m
Deferred Taxation 12 N1.322b 11 N1.275b
Working Capital 12 N12.355b 11 N11.012b
Net Assets 12 N17.272b 11 N16.821b

Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Nil
Closure Date
Nil
AGM Date
Nil
FINANCIALS - INTERIM

[hispy99]

Conoil Acquires World-class Aviation Fuel Bowsers, Articles | THISDAY LIVE