FSDH’s Analysis of UACN and Oando Results

FSDH’s Analysis of UACN Properties:

  1. Impressive result
  2. Believes the fair price should be N34.37, a discount of 27%
  3. Income was derived from two major areas - Business properties (N0.09bn/15.83) and Residential Properties (N4.78bn/84.17%)
  4. Projects a PAT of N3.06bn for 2008
  5. Rates the stock a BUY

FSDH Company Analysis - UACN Properties (36)
FSDH’s Analysis of OANDO PLC:

  1. Believes the fair price should be N196.82, a discount of 16%
  2. Working capital position is not very impressive. Believes that the company might find it difficult to meet its short term obligations as at when due
  3. Stock is rated as a BUY

FSDH Company Analysis - Oando Q2 ‘08 (55)

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