Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb

Why Courteville’s facts behind the figure presentation makes us want to dump the stock

Nairametrics by Nairametrics
May 16, 2015
in Blurb
Why Courteville’s facts behind the figure presentation makes us want to dump the stock
Share on FacebookShare on TwitterShare on Linkedin

Courteville Business Solution Plc was on the floor of Nigerian Stock Exchange a few days ago promoting its facts behind the figure presentation. Typically, when companies do that it is an opportunity for them to showcase to investors the company’s prospects and how they intend to translate that into significant creation of  shareholder value now or in the near future.

Looking at the presentation uploaded on the website of the NSE, the presentation looks like it is nothing to write home about. The bungled up presentation included a few slides that were ineligible to read and contained little details about the company’s business.

But that aside, there were more questions to be asked that answered after reading that presentation. Why did Courteville decline to pay dividends in 2014? Why did they acquire an asset in Jamaica? Why are they even expanding to more African States when they haven’t conquered their home country? Why is profitability growth stalling and why is cash flow not as robust as one should associate with tech companies? Where do they see their share price heading to by the end of the year? Are they happy to see it remain at 50 kobo per share?

RelatedPosts

Top 5 Nigerian insurtech startups by funds raised in 2021/2022

ASUU strike: Governor Umahi says it is impossible for Nigeria to borrow N1.1 trillion to meet Union’s demand

We have written severally about this company and will not like to belabour the issue. Courteville in our opinion is failing to create shareholder value and as it is there is no clear plan to achieve that. The company is still profitable but can’t continue to be at a profit level of under N400m. The Board and Management of the company need to recapitalise and reinvest in its current infrastructure if it desires to capture the whole of Sub-Saharan Africa and the Caribbean’s as a business solutions company. Revenues are growing at double digits but not fast and large enough to create any significant impact. The company also has to consider adopting a B2B model rather than rely mostly on Government for business.

Our outlook for Courteville remains bearish and will SELL if the opportunity arises.

News continues after this ad


 

Disclosure – Nairametrics and the author of this article owns shares in Courteville Business Solutions and does not plan to buy shares in Courteville Business Solutions in the next one week. The author of this article wrote it themselves, and did not write this article on behalf of Courteville Business Solutions , its associates or representatives. The article is purely their opinion.

News continues after this ad


Related

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Top 5 Nigerian insurtech startups by funds raised in 2021/2022
    • ASUU strike: Governor Umahi says it is impossible for Nigeria to borrow N1.1 trillion to meet Union’s demand
    • Suspended Accountant-General of the Federation, Ahmed Idris approaches EFCC for plea bargain

    Follow us on social media:

    Recent News

    4 startups driving insurance adoption through tech

    Top 5 Nigerian insurtech startups by funds raised in 2021/2022

    August 11, 2022
    Covid-19: Ebonyi State says it has no reported cases of covid-19 and cholera

    ASUU strike: Governor Umahi says it is impossible for Nigeria to borrow N1.1 trillion to meet Union’s demand

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com