odeloladf:
House kindly advice, I have the sum of 1,100,000 that I wish to invest in shares. Which company shares is stable and profitable that I pay buy into.

Chibuking81:

1.Okomu oil
2. Dangote sugar
3. Dangote flour
4. Eterna
5. FCMB
6. Zenith bank
7. UBA
8. CCNN
9. Cutix
10. Fidelity bank
note
some of the stock might still lose a little, but their upward potential in the near future is high.
Now is the best time to invest.
Truly, some people has had their investment money reduce by half, some one and half.
But some that listened when the warning of bear, and its grand father visit was going on sold theirs with just a little loss.
But in the near future bull and its grandfather will visit, people that listen now and invest will smile.
Take the risk and join the billionaire.
(you will not lose anything now if you invest, what I can see in the near future is domination of green and bull)

Coolcash1:


Are you a risk taker, averse or neutral person? You need to answer this question first then I can advise you if the stock market is made for you...If you belong to the averse school of thought, please run ..what did I say run away with your money. However, if you are ready to swim with the shark you are welcome to the market. Also, are what is your investment horizon? Are you a short, medium or long term person n as this will also influence your choice of stocks.

Note that market is highly volatile because of the returns nature as it remains the ONLY investment option that pays better returns after real estate. It can turn one to a millionaire and also wretched over night depending on how smart and strategic you play...in the stock market, INFORMATION is gold!

Moving away from the preambles, because I am making this recommendation with the believe that you are a risk taker who takes "calculative" risk...So my advise will be that you look for stocks that have strong fundamentals but grossly, at the moment Undervalued.

The stocks in this categorize in no particular order which has lots of upside than downside (in terms of falling prices) include; FBNH, UBA, WAPCO, Flour mills, Okomu oil, Livestock, CCNN, Dan Flour...

You can also consider these value based stocks- GTB, Dan Cem, Nestle, Total, Mobil, and NBL.

Please don't and never consider Insurance stocks. It's not good for your health.

Good luck!

locodemy:
So market don bad reach like this?#1,000,000 at 13% for 365 days is not bad but i cant try it......Even at the worst days of the stock market,people are still making money........Even if i am afraid of every stock now, i rather buy40,000 units of GTB at #25 ...........leave it for 365 days,i will get more than what i will get for that fixed deposit........The decision is left for the guy to make.........For me o......i will throw the money into the market.

Chibuking81:

3. Dangote flour

Coolcash1:

...in the stock market, INFORMATION is gold!
Dan Flour...
Good luck!

^{_{dangote not attractive at 80k but look very attractive at currenntprice N3.90}}

Primetech:
FCMB! Please Q3 loading!!!

Chibuking81:

1.Okomu oil
2. Dangote sugar
3. Dangote flour
4. Eterna
5. FCMB
6. Zenith bank
7. UBA
8. CCNN
9. Cutix
10. Fidelity bank
note
some of the stock might still lose a little, but their upward potential in the near future is high.
Now is the best time to invest.
Truly, some people has had their investment money reduce by half, some one and half.
But some that listened when the warning of bear, and its grand father visit was going on sold theirs with just a little loss.
But in the near future bull and its grandfather will visit, people that listen now and invest will smile.
Take the risk and join the billionaire.
(you will not lose anything now if you invest, what I can see in the near future is domination of green and bull)

duni04:

Hmm. You put okomu as number 1? Okomu that is trading close to its one year high? You wan put our new oga inside gbese.

Tritri:
@locodemy

What do you think about TRANSCORP at the current price? do you think it will still go down further.

duni04:

Hmm. You put okomu as number 1? Okomu that is trading close to its one year high? You wan put our new oga inside gbese.

PETERiCHY:


" HEY DON'T BE IN A HASTE TO LOSE YOUR FUND"

First thing on Monday morning go to any branch of STANBIC-IBTC branch and make a fixed deposit of 1million.

Their current interest rate for 1million on 365days tenor is 13%.

Afterwards you are free to gamble with the remaining 100k on NSE.

Thank me later.

*ThE OcToPuS*

Youngzedd:


T Bill would have been better.

ExLaidback:
This is not to over flog the issue but just to educate some of us here, especially the investors with a mid to long term view. (Personally at the end of this year, my portfolio is getting divided into two parts strictly i.e. JIJO and long term. This is by choice and not by bull trap or force )

Well we discussed UBA and GTB's result earlier so here are a few things to note about the Statements of Profit and Loss and Other Comprehensive Income based on IFRS

1. Entities currently have a choice and can present profit or loss and other comprehensive income in either:
• A single statement of comprehensive income; or
• Two statements: a statement displaying components of profit or loss (an income statement), and a second statement beginning with profit or loss and displaying the components of OCI (a statement of other comprehensive income).

2. IAS1 proposed:
• To present a statement showing as two separate sections:
i. profit or loss; and
ii. all items of ‘other comprehensive income’ (OCI); and
• To present separately:
i. those items of OCI that might be reclassified subsequently; and
ii. those items of OCI that will not be reclassified subsequently.

3. Profit or loss is a key performance measurement tool and Earnings Per Share (EPS) calculations are based on this alone and not on Other Comprehensive Income

4. The commonly suggested attributes for differentiation between profit or loss and OCI (realised/unrealised, frequency of occurrence, operating/non-operating, measurement certainty/uncertainty, realisation in the short/long-term or outside management control) are difficult to distil into a set of principles. However there are general guidelines set out by the IASB.

5. So with respect to UBA’s result, those items presented in OCI may - as already stated on the report - be reclassified into profit and loss on the FY2016 reports which would then result in a much higher EPS than usual. This remains to be seen anyway.

6. I think GTB was counting on this freedom of presentation of it's reports as explained in point 1 above and the tendency for people to focus primarily on the bottom line, to present all it's income for the period under profit and loss knowing the effect the high EPS will have. It is still ok as it's within their right.

This of course is not a buy or sell recommendation, just something to bear in mind for those interested when perusing reports of BaOFI

locodemy:


Okomu may hit #80 if we factor in the yields from the new development in the company plus foreign exchange.

kentoto:



Bros,
Thanks for the clarification...

I think one bank is taking advantage of the reporting loop hole.. the other just been strategic..

UBA is probably setting it's self up for potentially better result for (EPs) at year end.

GT bank under pressure to stay thru with their brand.

The other banks, thinking of what to do.

Most times Q3 gives an indication of how good the Q4 will eventually be, portfolio mangers will be deciding where to invest now for dividend and capital appreciation.

Good luck people.

K

ExLaidback:
This is not to over flog the issue but just to educate some of us here, especially the investors with a mid to long term view. (Personally at the end of this year, my portfolio is getting divided into two parts strictly i.e. JIJO and long term. This is by choice and not by bull trap or force )

Well we discussed UBA and GTB's result earlier so here are a few things to note about the Statements of Profit and Loss and Other Comprehensive Income based on IFRS

1. Entities currently have a choice and can present profit or loss and other comprehensive income in either:
• A single statement of comprehensive income; or
• Two statements: a statement displaying components of profit or loss (an income statement), and a second statement beginning with profit or loss and displaying the components of OCI (a statement of other comprehensive income).

2. IAS1 proposed:
• To present a statement showing as two separate sections:
i. profit or loss; and
ii. all items of ‘other comprehensive income’ (OCI); and
• To present separately:
i. those items of OCI that might be reclassified subsequently; and
ii. those items of OCI that will not be reclassified subsequently.

3. Profit or loss is a key performance measurement tool and Earnings Per Share (EPS) calculations are based on this alone and not on Other Comprehensive Income

4. The commonly suggested attributes for differentiation between profit or loss and OCI (realised/unrealised, frequency of occurrence, operating/non-operating, measurement certainty/uncertainty, realisation in the short/long-term or outside management control) are difficult to distil into a set of principles. However there are general guidelines set out by the IASB.

5. So with respect to UBA’s result, those items presented in OCI may - as already stated on the report - be reclassified into profit and loss on the FY2016 reports which would then result in a much higher EPS than usual. This remains to be seen anyway.

6. I think GTB was counting on this freedom of presentation of it's reports as explained in point 1 above and the tendency for people to focus primarily on the bottom line, to present all it's income for the period under profit and loss knowing the effect the high EPS will have. It is still ok as it's within their right.

This of course is not a buy or sell recommendation, just something to bear in mind for those interested when perusing reports of BaOFI

Mpeace:
I just wonder what would happen to Diamond Bank and Stanbic Ibtc shares today, as MTN admits transfering 13billion dollars illegally through them and two others.

Youngzedd:


T Bill would have been better.

Chibuking81:
my wish for Okomu oil, is for their current price to wait for me or fall down even a little, till I enter.
The company has upward potential.
As for transcorp, I don't trust them again, just last year their hotel was remove and listed separately without paying us the shareholders anything.
Soon they will remove oil sector as one out of their four subsidiary and name/list it separately as Transoil.
By then their price will fall to 50k.

feelamong:
http://newtelegraphonline.com/12-firms-jostle-for-totals-downstream-assets/

“The divestment of Total’s downstream assets too is on-going. It is a confidential deal, which meetings have been held outside the shores of Nigeria several times with contenders mostly indigenous firms,” a source close to the dealsaid. Total declined to comment on the deal because of its confidential nature, but a source at the company confirmed the move to New Telegraph yesterday.

123ABCXYZ:


Hi... Although IFRS permits "variety" and a lot of judgment in reporting some Financial statement (FS) items, there are no loopholes in the requirements of the standards u have quoted.

IAS 21 requires all foreign exchange gains and losses on monetary items to be presented in the statement of P or L (this is non negotiable). The only items (apart from a few complicated shit) that are to be presented in OCI are:

1. Foreign currency gains or losses on translation of component reports
2 Non monetary items (if the IFRS permits the item to be presented in OCI)

debeey87:
Why are they all divesting their stake

ExLaidback:



Thanks and God bless for your input! I actually studied a breakdown of IAS 21 a bit before putting up my post but as you can tell Finance is not my forte.

I did already state that it isn't a loop hole in my response to @Kentoto, that it's within their right to do so. Though I wasn't so clear to what extent and I didn't know that it's non-negotiable.

The notes to this financial item on their report (note 10) just said 'FX revaluation gains'. Which just seemed unclear. But thanks again for the clarification.

Please can you help expatiate on that of UBA? There were no notes attached to theirs so I'm assuming it's the input from investments in Foreign Operations/Subsidiaries rather than than other monetary items at play (just like you said above). My question is: what are the chances of it's reclassification within this same financial year?