sterlingD:



What is the intrinsic value for FBNH?I have seen that of the other members of F.U.G.A.Z. except that of F- FBNH

I am not following FBN.

OANDO and IB

DD pls

emmanuelewumi:



I am not following FBN.

I have doubts about fbhn after that scandal......

FLOURMILL is getting ready to break out from the 35 resistance level. It was heavily accumulated today. How else can we explain the huge volume while the price remained relatively the same?

I don't know why my fair value says 68. It seems that it can still double in this market, even when people have started booking profits. Does that even make sense?

ositadima1:
FLOURMILL is getting ready to break out from the 35 resistance level. It was heavily accumulated today. How else can we explain the huge volume while the price remained relatively the same?

I don't know why my fair value says 68. It seems that it can still double in this market, even when people have started booking profits. Does that even make sense?

Flour Mills of Nigeria can do better, but currently not doing enough.


Return On Equity of about 10% considering the huge debt is not good enough. Net margin of about 2%


The valuation is cheap, but profitability ratio and efficiency are not encouraging.

Since the market is bullish, anything can happen.


I don't know the catalyst that will ensure the latent value in Flour Mills is discovered.

.

.

ositadima1:
FLOURMILL is getting ready to break out from the 35 resistance level. It was heavily accumulated today. How else can we explain the huge volume while the price remained relatively the same?

I don't know why my fair value says 68. It seems that it can still double in this market, even when people have started booking profits. Does that even make sense?

Just saw that, but expecting it to touch lower 30ish or high 29 within a week or 2. As Oga Emma stated, perhaps its caught-up in the bull run. But unlike other stocks I've monitored, why did it fall so much btw 2014 and 2015?

Wow everything going to the moon! I have a question for the ogas, with all these crazy prices, will companies be increasing their dividends to match the massive run up?

For example, Stanbic, will they be forced to pay like N6? How about GT and Zee? Should we be expecting like N4?

Can’t even find any decent yielding stocks to buy again smh

Ades1:
Wow everything going to the moon! I have a question for the ogas, with all these crazy prices, will companies be increasing their dividends to match the massive run up?

For example, Stanbic, will they be forced to pay like N6? How about GT and Zee? Should we be expecting like N4?

Can’t even find any decent yielding stocks to buy again smh

Dividends have nothing to do with stock prices, but with the earnings of the business.


Dividend yield of 10% and above which we enjoyed in the past was an aberration, we should get used to dividend yield of 5% to 8%.

Yoast:

See contradiction...

What's contradictory about it ?

I agree with you. Net Margin dropped to 1% in Q3 2023 because of a N10billion loss at Honeywell. Hopefully, the acquisition of Honeywell would bring more benefits than costs. Borrowings are growing quite fast, with the attendant finance costs.

Audited reports should have been out by end of May. Who knows.

Las las, I hope they discover the trick to bring efficiency to FMN. It's a sleeping giant that I would like to align with.

emmanuelewumi:



Flour Mills of Nigeria can do better, but currently not doing enough.


Return On Equity of about 10% considering the huge debt is not good enough. Net margin of about 2%


The valuation is cheap, but profitability ratio and efficiency are not encouraging.

Since the market is bullish, anything can happen.


I don't know the catalyst that will ensure the latent value in Flour Mills is discovered.

Lock out rally in place in the market. Market is in stage 2.

Charts will need reassessing to identify likely reversal points or topping actions.

Until then, do nothing if you planted your bottle long ago.

Ades1:
Wow everything going to the moon! I have a question for the ogas, with all these crazy prices, will companies be increasing their dividends to match the massive run up?

For example, Stanbic, will they be forced to pay like N6? How about GT and Zee? Should we be expecting like N4?

Can’t even find any decent yielding stocks to buy again smh

Investors cannot force companies to pay a certain dividend. It's either investors accept the proposed dividend or simply sell and walk away.

In order to enjoy high yield, one must buy when stocks are selling below their intrinsic values. There's no other way around it!

megawealth01:
OANDO and IB

DD pls

If dem add CUTIX and Sterling bank join e go too make sense die….

Ades1:
Wow everything going to the moon! I have a question for the ogas, with all these crazy prices, will companies be increasing their dividends to match the massive run up?

For example, Stanbic, will they be forced to pay like N6? How about GT and Zee? Should we be expecting like N4?

Can’t even find any decent yielding stocks to buy again smh

The problem here is that most of you are too scared of seeing prices go up than coming down. Most of the stocks are grossly undervalued hence the need for repricing. Although, from a technical perspective, they are due for a 50 to 60% correction as most of them are already trading in overbought zone. That is why people should avoid FUGAZ and other stocks in this range for now and wait for them to pull back before entering rather than chase and get slaughtered. My one cent..

But where is rabbi?

Morning folks.
Is it advicible to buy Eternal PLC shares at this price pick. Please I need your humble advice.

Pls pls, any advise on Seplat. The stock is attracting me seriously. I have already bought some few units but thinking of selling part of my mtn or dang sugar to add more. TA and FA people

Coolcash1:


The problem here is that most of you are too scared of seeing prices go up than coming down. Most of the stocks are grossly undervalued hence the need for repricing. Although, from a technical perspective, they are due for a 50 to 60% correction as most of them are already trading in overbought zone. That is why people should avoid FUGAZ and other stocks in this range for now and wait for them to pull back before entering rather than chase and get slaughtered. My one cent..

UBA and ACCESSCORP still have approximately 30% and 40%, respectively. OVRSD/OVRBT list.

Mpeace:
Pls pls, any advise on Seplat. The stock is attracting me seriously. I have already bought some few units but thinking of selling part of my mtn or dang sugar to add more. TA and FA people

Go for it. Something hooge is loading…

Coolcash1:


Go for it. Something hooge is loading…

True. I saw ANOH project and others. But I hope its not the usaul hype.

ositadima1:


UBA and ACCESSCORP still have approximately 30% and 40%, respectively. OVRSD/OVRBT list.

please the meaning of OVRSD/OVRBT

Coolcash1:


If dem add CUTIX and Sterling bank join e go too make sense die….

I talked about CUTIX when it was long on #0.20k

Mfunkynation:

please the meaning of OVRSD/OVRBT

Oversold refers to a situation where a security has been sold too much and is likely to rebound. This can happen when there is a lot of selling pressure in the market, or when a security has fallen below its support level.

Overbought refers to a situation where a security has been bought too much and is likely to correct. This can happen when there is a lot of buying pressure in the market, or when a security has risen above its resistance level.

Here are some of the signs that a security may be oversold or overbought:

Volume: When a security is oversold, volume tends to increase as more and more people sell. When a security is overbought, volume tends to decrease as more and more people buy.
Price action: When a security is oversold, the price tends to fall sharply. When a security is overbought, the price tends to rise sharply.
Relative strength index (RSI): The RSI is a technical indicator that measures the strength of a security's price movement. When the RSI is below 30, it suggests that the security is oversold. When the RSI is above 70, it suggests that the security is overbought.

Copied...

Dangote cement is red when others are green. It still remains red when others turn red too.

ositadima1:


Oversold refers to a situation where a security has been sold too much and is likely to rebound. This can happen when there is a lot of selling pressure in the market, or when a security has fallen below its support level.

Overbought refers to a situation where a security has been bought too much and is likely to correct. This can happen when there is a lot of buying pressure in the market, or when a security has risen above its resistance level.

Here are some of the signs that a security may be oversold or overbought:

Volume: When a security is oversold, volume tends to increase as more and more people sell. When a security is overbought, volume tends to decrease as more and more people buy.
Price action: When a security is oversold, the price tends to fall sharply. When a security is overbought, the price tends to rise sharply.
Relative strength index (RSI): The RSI is a technical indicator that measures the strength of a security's price movement. When the RSI is below 30, it suggests that the security is oversold. When the RSI is above 70, it suggests that the security is overbought.

Copied...

Thanks

- Profit taking witnessed in some stocks earlier....
- Some reversing the earlier shedding.....
- Some who couldn't get in to some choice stocks are using the opportunity to enter.....
- Market still witnessing volumes.....

*Edited*...... before someone will come to blame

* Pls do not take as any form of advice...it's just update on what was observed in market*

ogoo4real:
Morning folks.
Is it advicible to buy Eternal PLC shares at this price pick. Please I need your humble advice.

Do you mean today's price?
In my personal opinion, I think Yes!

It's even on full bid @25.40 self......

* Pls do your DD o. I just gave my personal opinion on it. Nothing more, nothing less. Lol. *

Please has Lasaco been marked ?

Never buy or sell stocks using the MARKET option. Use LIMITS. Learnt that lesson today. These stock brokers are digital thieves