United Capital Profit Slips 36.9%, Offers N0.35 Dividend


Pix: Mrs. Toyin Sanni, Group Managing Director, United Capital Plc

Shares of United Capital Plc fell 4.88% on Monday and a bigger 5.87% on Tuesday to close at N3.85 each, after the company’s directors presented what investors presented less-than expected financials for the full-year ended December 31, 2017, with flat earnings and 36.9% earnings slip. The board however offered shareholders 35 kobo per share as dividend per share, less than the 40 kobo offered by African Prudential Plc, its sister company.

United Capital’s earnings growth was flat at N8.9bn from N9bn in the corresponding period of 2017, with investment income remaining the biggest contributor at N4.965bn, up from N4.039bn in the corresponding period of 2016; boosted by fixed deposits of N4.732bn, up from N4.036bn; just as investment securities fetched N232.552m as against N2.919m in 2016. It was followed by fee and commission income, which dropped slightly from N1.979bn to N1.813bn, with financial advisory fees accounting for N778.482m, a decline of N1.219bn; while N1.034bn came from other fees and charges, compared with N760.182m in 2016. Net trading income soared from N15.31m to N88.397m; a feat that was not repeated in net interest margin, which plunged to N143.516m to N640.319m; as interest income on managed funds of N8.212bn, as against N8.874bn in prior year; even as interest expense on managed funds came to N8.073bn from N8.234bn; resulting in net operating income of N7.01bn, up from N6.674bn in the 2016 full year.

Other income dropped by N451.481m or 19.41% to N1.874bn from N2.325bn, principally from miscellaneous income of N1.61bn, representing a decline from N1.86bn; and dividend on equity investment fell from N464.395m to N264.094m; net gains from financial assets held for trading stood at N30.384m, an item that did not exist in prior year.

Personnel expenses for the period rose from N1.274bn to N1.568bn, comprising mainly staff cost of N1.554bn from N1.259bn; other operating expenses increased to N1.473bn from N1.239bn, driven mainly by a N405.903m professional fees, which dropped from N467.233m, followed by the rise in general admin expenses from N138.864m to N342.017m; depreciation and amortization jumped to N106.18m from N86.587m; just as impairment losses catapulted from N33.511m to N219.04m, representing a N185.529m, or 553.64% with N158.978m being impairment loss on trade receivables and other assets, as against N33.511m; while impairment loss on loans and receivables came to N60.061m.

Profit before tax was down by 12.9% from N6.37bn in the preceding year to N5.6bn; while tax expenses jumped by 518.17% to N1.185bn, up from the previous N363.209m, the bulk of which was the N720m excess dividend tax, as income tax dropped from N211.679m to N153.562m. This translated to an effective tax rate of 21.37%, up from the previous 5.7% further depressed net profit from N6.9bn in 2016 to N4.4bn, representing Earnings Per Share of 73 kobo, as against the previous 115 kobo.
The 35 kobo dividend will be paid to shareholders whose names appear on the register of members at the close of business on March 8, 2018, while closure of register is between March 31 and April 1; while payment would be subject to approval by shareholders when they meet on April 14, 2018.

http://investdata.com.ng/2018/02/united-capital-profit-slips-36-9-offers-n0-35-dividend/#more

Afriprud Diversification Pays Off, 2017 Net Profit Up 68% To N1.7bn Profit


In what may be vindication of the board’s decision to diversify from its traditional registrars business, which necessitated a name change, following which it dropped the key word: Registrars, adopting the name- African Prudential Plc, directors of the company, on Monday reported a 39.14% revenue growth.
Revenue for the year rose to N3.315bn from N2.418bn in 2016, boosted by net interest income which grew to N2.38bn from N1.424bn, significantly surpassing the N935.434m “registrars fee income”, representing a decline from previous year’s N994.394m.

Other income rose to N49.196m from N29.214m; even as impairment loss on financial assets rose to N157.296m from N147.46m; while operating expenses climbed 29.58% year-on-year from N1bn in 2016 to N1.29bn. Personnel expenses dropped slightly from N353.413m in 2016 to N327.144m; followed by impairment loss on financial assets of N157.296m, up from prior year’s N147.46m. Other operating expenses climbed to N630.849m from N455.492m; depreciation and amortization also rose to N52.126m from N45.416m; just as finance charges, which was previously non-existence, stood at N130.703m

Profit before tax jumped 42.95% up to N2.066bn from N1.445bn; income tax expense dropped to N352.116m from N426.763m; while Net profit grew by 68.25% from N1.019bn in the preceding year to N1.714bn; translating to EPS of 85 kobo, from 51 kobo, from which the company has recommended a 40 kobo dividend to shareholders at the next annual general meeting.
Commenting, Peter Ashade, the company’s Managing Director and chief executive said the impressive performance was “despite the challenging operating environment in 2017.”

He recalled that in the period under review, the board “emphasized the need for diversification of our business portfolio to achieve long term sustainability and viability of our business which necessitated the change of name that was approved at the last Annual General Meeting.
“I am happy to report that the change of Name from Africa Prudential Registrars Plc to Africa Prudential Plc was duly completed in 2017 and we have commenced implementation of our diversification strategy. Worthy of note is the fact that the new Africa Prudential Plc is still a strong player in the registrars’ business and still intends on remaining a leading registrar firm in Nigeria and grow to become a leader in Africa in the near future,” he added.

http://investdata.com.ng/2018/02/afriprud-diversification-pays-off-2017-net-profit-68-n1-7bn-profit/#more

Nigeria’s Inter-Bank Market Gets $210 CBN Intervention


The Central Bank of Nigeria (CBN), again on Tuesday, Tuesday, February 27, 2018, made interventions in the inter-bank sector of the Foreign Exchange market with the injection of $210m into three segments of the market.
A breakdown of the intervention indicates that the CBN offered the sum of $100m to dealers in the wholesale window, while those in the Small and Medium Enterprises (SMEs) window received an allocation of $55m. The invisibles segment, comprising Business/Personal Travel Allowances, school tuition, medicals, etc., was also allocated the sum of $55m.

The CBN spokesman, Isaac Okorafor, in disclosing these, said the Bank would continue to make the interventions, in spite of the fact that the country’s reserve has enjoyed accretion in the past weeks, bringing the figure to about $42bn.
Okorafor was upbeat that the forex management strategy was yielding the desired result; hence, he noted that the CBN would continue to sustain its activities in the market in order to maintain stability and liquidity.

Speaking on the goal of convergence between the rates at the inter-bank and Bureau de Change (BDC) segments, he said the CBN was working hard to achieve the objective and expressed belief that the rates in both markets would eventually merge in due course.
Meanwhile, the Naira continued to maintain its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Tuesday, February 27, 2018.

http://investdata.com.ng/2018/02/nigerias-inter-bank-market-gets-210-cbn-intervention/#more

Thank you for Attending The Highly Rated Chart Summit

I want to express my sincere gratitude to all those who came to the Chart Summit not because they showed up but due to the fact that take burned all bridges of doubt and failure to attend.

In addition, they also had fears and doubts about the recent changes in the stock market but they understood that it better they equipped themselves than to assume because they understand that plans fail for lack of counsel but with many advisers they will surely survive.

For those that did not attend, I want to congratulate you too because all is not lost. I really understand why you did not attend which are normal things in our everyday life i.e

-doubt,
-inaction,
-indecision,
-procrastination,
-comfort zone,
-not willing to take risk, - excuses,
-low resistance
-I know it all
-you are already an expert
-for the big boys it is too cheap.
-no cash as at then.

However, all is not lost because I will be releasing the USB of the Chart Summit soonest so that you won't be left behind. Hence, you can pre-order by calling 08028164085,08032055467 or ambroseconsultants@yahoo.com.

Once more thank you for attending my Chart Summit. and thank you to those who did not attend too.

Happy Trading,
Ambrose Omordion
http://investdataltd..com/2018/02/thank-you-for-attending-highly-rated_28.html

Investors, Traders Ignore Positive Economic Data, Position For Influx Of December Year-End Financials


Market Update for February 27

Nigeria’s stock market on Tuesday continued its volatility, only that this time the five-day seeming bull transition was halted, after highly capitalized stocks closed south, caving in under pressure from profit takers, despite the rebound in oil and gas stocks due to expected high payout from the sector.

It is not known whether the slide had anything to do with investors and traders being unimpressed with the stronger-than-expected Q4 and 2017 full year GDP data released by the National Bureau of Statistics (NBS), showing that Nigeria’s economic recovery remained on course as the 2017 full-year GDP came at 0.83%, compared to the 1.58% year-on-year contraction recorded in 2016. Nonetheless, the data is a signal that the nation’s economic recovery is seriously on track, largely driven by improvements in all major sectors.

It is also important to note such other factors and drivers of the economic recovery as the rising oil price in the international market, Nigeria’s sustained production output arising from the peace in the oil rich Niger-Delta. This is not forgetting the continued intervention in the inter-bank segment of the foreign exchange market by the Central Bank of Nigeria (CBN) that has ensured stability in exchange rate, which has been of tremendous support to, and impacted positively on the real sector. It however expected that these, as well as the Federal Government’s whole-hearted investment in such infrastructure as roads, rail and power, among others, across the country will support its projected 3.5% GDP growth and economic expansion anticipated this year.
Also, there is improvement in the labour market as the rate of layoff reduced to support growth in household incomes and consumer spending, solid economic recovery, manufacturing and agricultural sector expansion, which should translate to further exports, an upbeat business sentiment and strong sales growth. Moreover, the fiscal authorities must churn out more economic policies capable of supporting its Executive Order on the Ease of Doing Business, as well as disbursement of funds to key sectors to support this economic momentum and achieve the expected growth envisaged this year and beyond.
Investdata expects that inflation will continue to go south and possibly attain single digit figure sometime this year, even as expected reduction in the benchmark Monetary Policy Rate could increase productivity and impact positively on businesses to support real growth.
All of these would server as stimulus to propel an expected and robust upward push for a bulish equity market going forward.
Market technicals on Tuesday were negative and weak, with selling pressure of 81% on low volume traded, while buying position was 19%. Volume index was 0.51 with money flow index at 33.77 point.

Consequently, the market closed with its All-Share index losing 279.92 points at 42,299.56 after opening at 42,579.48 basis points, representing a decline of 0.66% on low traded volume that was higher than previous day’s. Similarly, market capitalisation for the day lost N100.45bn to close at N15.18tr from an opening value of N15.3tr, which also represented 0.66% depreciation in investors’ position.
The downturn was attributed to losses recorded mainly by UBN, Julius Berger, Zenith Bank, Guaranty Trust Bank, International Breweries, UACN, Dangote Cement, Dangote Flour,Seplat, Presco, Lafarge Africa and ETI, which impacted negatively on the NSE’s Year-To-Date returns, as it dropped to 10.61%. Similarly, market capitalisation gain for the period came to N1.57tr, representing 11.54% YTD growth.
The composite index and other sectorial indexes closed in red, except for the NSE Oil/Gas and NSE Insurance that ended the day slightly green, notching 0.86% and 0.29% respectively, while the NSE AseM remained flat.

Market breadth remained negative as decliners outweighed advancers in the ratio of 37:18; just as market activities in volume and value terms were up by 14% and 40.12% to 438.65m shares worth N8.8bn, from previous day’s 384.86m units, valued at N5.47billion.
Transaction volume for the day was boosted by financial services, Industrial and conglomerate stocks like Transcorp, Diamond Bank, FBNH, Fidelity Bank and Access Bank, which witnessed increased trading to top the activity chart.

CCNN and Conoil were the best performing stocks for the day, after they topped the advancers table, closing at N18.20 and N35.25 respectively on market forces and earnings expectation, while Julius Berger and International Brewery emerged the day’s biggest laggards at N24.85 and N57.00 respectively on profit taking.

Market Outlook

Being the last trading day of the month in a week that also ushers in the month of March, which is peak period of the earnings reporting season, expect volatility and strong recovery moves to continue, driven by end of the month trading accounts balancing and more numbers that will hit the market.
Also, expect volatility and repositioning to continue, while profit taking will reduce on the strength of expected payout and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is ongoing.
We advise investors to allow numbers guide their decisions while repositioning for the year trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546
http://investdata.com.ng/2018/02/investors-traders-ignore-positive-economic-data-position-influx-december-year-end-financials/

Seplat Records 278.7% Net Profit Growth, EPS Rises To N143.96


Directors of Seplat Petroleum Development Company Plc, on Wednesday gave investors reasons to cheer, as all of its major indicators for the year ended December 31, 2017 were green, with profit after tax growing significantly faster than revenue for the period, leaving a robust N143.96 Earnings Per Share (EPS), compared with the N79.73 loss in the corresponding period of 2016.

According to the result presented to the Nigerian Stock Exchange (NSE), the company’s revenue grew by N74.897bn or 118.16% from N63.384bn in 2016 to N138.281bn; while cost of sales jumped 55.95% up to N73.314bn, as against N47.076bn in the preceding full year; leaving a gross profit of N64.867bn, which was 297.76% better than the N16.308bn reported the year before.
General and administrative expenses for the year however dropped by 16.55% from N30bn to N25.037bn; just as net gains on foreign exchange stood at N209m, as against the previous N28.684bn loss.
Fair value loss for the period rose from N2.782bn to N5.663bn; bringing operating profit to N34.376bn, which was 176.48% better than the N44.949bn loss in 2016.

Finance income however dropped by 91.61% from N15.8bn to just N1.326bn; while finance costs ballooned to N22.248bn from N18.27bn.
Profit before tax stood at N13.454bn, from the previous N47.419bn loss; while a tax rebate of N67.657bn, compared to the N2.035bn in 2016, resulted in profit after tax of N81.111bn; compared to the loss of N45.384bn, representing a 278.72% growth. Net profit for the period translated to EPS of N143.96, compared to the N79.73; just as net profit margin stood at 58.66%, the highest so far, compared to a 71.6% contraction.

Meanwhile, the company also on Wednesday announced the launch of its 5 or 7-year US$ denominated Regulation S/144 A senior notes offering to be issued and which would guaranteed by certain of its subsidiaries.
“Proceeds of the Notes will be used to refinance existing indebtedness and for general corporate purposes,” according to Roger Brown, its Chief Financial Officer.

http://investdata.com.ng/2018/02/seplat-records-278-7-net-profit-growth-eps-rises-n143-96/#more

MTN May List Nigerian Arm In July, To Cut Debt With $5.2bn IPO


Telecommunications giant- MTN plans to list its Nigerian unit worth $5.23bn by July in a debut Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE), just as it will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters.
The listing of up to 20bn shares of MTN through a split of an existing unit into 50 units, is believed to be part of an agreement reached following the sanctions by the industry regulator- the Nigerian Communications Commission (NCC).

MTN Nigeria, which is 70% owned by South African parent company, aims to raise at least $400 million from the IPO to pay preference shareholders and is preparing to file application to the Securities and Exchange Commission (SEC) to launch the offer after getting approvals from existing investors last week, sources with knowledge of the matter said.

Ahead of this, a roadshow is planned for between May and June this year, while listing on Nigeria’s bourse is slated for between June and July, following which professional parties to the offer are to be appointed.
MTN Nigeria has around 402 million shares in issue, the same amount in preference shares, which it sold at $0.99 in 2007.
The IPO price is expected to be via book building.

MTN shares are currently traded over-the-counter in Nigeria at $13, giving it a market value of $5.23 billion, down from $25bn in 2015 before a Nigerian government fine, according to sources.
The company would use the proceeds of the share sale to redeem preference shares issued to existing investors who bought the shares 11-years ago and also cut its dollar exposure.

MTN wants to achieve a “retail friendly” offer price for the IPO, it said in the pre-IPO document, of around 80 naira per share, the average price for shares listed on Nigeria’s bourse.
In 2016 the telecom firm said it would list its local unit on the Nigerian Stock Exchange, in a settlement with the Nigerian government over unregistered SIM cards that cost it $1.7 billion fine.
Citigroup and Stanbic IBTC Bank is advising MTN Nigeria.

http://investdata.com.ng/2018/02/mtn-may-list-nigerian-arm-july-cut-debt-5-2bn-ipo/#more

Nigeria Out Of Recession, But Citizens Becoming Poorer, Says IMF


Wants CBN To Stop Economic, FX Intervention

International newswire- Reuters, on Wednesday reported the International Monetary Fund (IMF) as saying in a report Nigerians are getting poorer despite the country’s slow recovery from recession.
The report therefore noted the urgent need for “comprehensive and coherent” economic policies reforms, even as the Muhammadu Buhari administration snakes out of the mire in the medium term, even as progress could also be threatened if elections next year consume political energy and resources.
Since emerging from recession in the second quarter of 2017, Nigerian officials have repeatedly boasted that they have set the economy back on track.

Data by the National Bureau of Statistics (NBS) released on Tuesday, February 27, 2018 put Nigeria’s full-year 2017 GDP growth at 0.83%, driven majorly by the combination of crude oil output, helped by peace in the restive Niger-Delta region, and soaring prices at the international markets
The IMF said in the report that the outlook for growth has improved but remains challenging.
Such policy reforms, the IMF said in its annual Article IV review of Nigeria’s economy remain urgent and must not be delayed by approaching elections and recovering oil prices.

“Higher oil prices would support a recovery in 2018 but a ‘muddle-through’ outlook is projected for the medium term under current policies, with fiscal dominance and structural constraints leading to continuing falls in real GDP per capita,” the IMF said. The report listed risks to growth to include additional delays to implementing policies and reforms ahead of 2019 elections, security tensions, and oil prices, a fall in which could see capital flows reversed.
“Further delays in policy action — including because of pre-election pressures — can only make the inevitable adjustment more difficult and costlier,” the report said.

The IMF reiterated its call for Nigeria to simplify its complex foreign exchange system, a bugbear for the IMF for more than a year which has left large gaps between official rates and various windows that certain groups can use to get other rates.
“Moving towards a unified exchange rate should be pursued as soon as possible,” the IMF said. “(IMF) staff does not support the exchange measures that have given rise to the exchange restrictions and multiple currency practices.”
It also urged the Central Bank of Nigeria (CBN) to discontinue its direct interventions in the economy, the most popular of which is the frequent injection of hundreds of millions of dollars into the foreign exchange market to keep its own rates stable.

Commercial banks struggling to remain solvent were also called out, but not identified by the IMF, including one that the lender said was already insolvent: “Some of these banks are kept afloat through continuous recourse to the CBN’s lending facilities.” The IMF said it does not comment on purported leaks. A spokeswoman for the Fund said a statement would be issued after the lender’s board meets to discuss its assessment on Friday.
A Nigerian finance ministry spokeswoman did not immediately respond to a phone call and email requesting comment by Reuters.

http://investdata.com.ng/2018/02/nigeria-recession-citizens-becoming-poorer-says-imf/#more

Investdata Investors, Traders Workshop Moves To P’Harcourt, Abuja
The Investdata equity trading and investment education train moves to Port Harcourt and Abuja this month in line with its resolve to encourage and enhance the return of more retail investors to the Nigerian Stock Exchange (NSE) as a veritable instrument for mobilizing savings, wealth creation and redistribution.

At the investment summit tagged: “Power of Earnings Season For Profitable Trading and Investing” begins on March 17, 2018 at Emerald Hotel Limited, Rumuola Port Harcourt, Rivers State, from where it would move to on April 14, 2018 in Abuja, we would be simplifying stock market investing.

Also, as the Nigerian economy continues on its recovery path, participants would learn how to trade intelligently, beginning with setting investment objectives and applying simple tools to help decision making even on impulse.

A statement by Investdata quoted Mr. Ambrose Omordion, its Chief Research Officer as saying: “The training is also to help participants appreciate the changing pattern of the Nigerian economy since its emergence from recession, its effect on company fundamentals, which calls for new strategies for profitable investing. Investors are recovering from the recent market correction due to price decline suffered by equities over the past three weeks.

“Participants will learn how to effectively combine fundamental and technical tools for profiting from the market transformation, while protecting their capital.

“As independent research analysts, InvestData Consulting Limited will also unveil simple steps for surviving any market situation profitably and how to manage profit and loss positions using simple technical analysis tools. We would also be looking at equity investment in a pre-election year and beyond.”

Participants at the Port Harcourt and Abuja legs of the summit would learn how to be among the lucky 10% who manage to consistently play the stock market profitably on their own, guided by our simple trading strategies and buy & sell signal setup.

At Investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect you portfolios and profit from market corrections in a recovering economy.

We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.



At each of the events, all our stock trading and investing materials that will enhance the knowledge of participants and boost their returns on investment will be available at a discount.

As is our tradition, at our workshop of December 9, 2017, Investdata recommended the following 16 stocks to participants:

· African Prudential Plc

· Dangote Flour Mills Plc

· Dangote Sugar Refinery Plc

· Fidson Healthcare Plc

· Fidelity Bank Plc

· FBN Holdings Plc

· Eterna Plc

· Access Bank Plc

· Dangote Cement Plc

· Flour Mills of Nigeria Plc

· Honeywell Flour Mills Plc

· Presco Plc

· Okomu Oil Palm Plc

· Total Nigeria Plc

· Unilever Nigeria Plc

· Zenith Bank Plc

“An analysis of the stocks after four months and one week since December 9 when the summit in Lagos shows that Dangote Flour for example has returned 42.11% from N11.40 each to N16.20. This was after it touched a peak of N17.81 within the period, representing a 56.22% ROI; followed by Eterna, which chalked 35.63%, after its share price climbed from N4.35 on Friday, December 9, 2017, to N5.90 each, just as it recorded a high of 60% returns. FBN Holdings, another of the recommended stock climbed 26.39% from N9.02 per share to close at N11.40 on March 2, 2018, hitting a high of N15.16 each, or 68.07%; while Honeywell Flour notched 23.18%, after closing at N2.71 from N2.20 per share and attaining a price of N3.69, or 67.72% for investors and traders who exited at that price,” Omordion explained.

Also, he added that investors who followed Investdata’s advice to position in African Prudential have gained 22.36% from N3.98 per share at the beginning of the period to N4.87, attaining a 30.65% height within the period; just as investors in Unilever Nigeria creamed 23.89%, which makes it the stock that is closed to its peak during the period. Fidelity Bank’s shares have within the period appreciated by 12.45% to N2.80, but rose as high as N4.33 each, representing 73.89% RoI; while Fidson Healthcare returned 23.68% to close at N4.70, after reaching N5.05 per share, representing RoI of 32.89%; among others.

Two stocks in the pack however underperformed slightly, with Okomu Oil Palm lost 4%, opening for the period at N75.00 and falling to N72.00 per share, after attaining a height of N75.75; just as Flour Mills of Nigeria shed 4% from N35.00 to N33.60; after rising to N37.35 each.

That means a basket built around the above stocks has within the period, without doubt, yielded bountiful returns.


Omordion Ambrose
Chief Research Officer


InvestData Consulting Limited

Phone:08028164085, 08032055467
email: ambrose.o@investdata.com.ng
ambrose.o@investdataonline.com
http://investdataltd..com/2018/03/investdata-investors-traders-workshop.html


N/B: The event is free.
Interested parties are requested to buy the training material for the workshop at the rate of N5,000 @ the venue.

Nigeria’s External Reserves Up 9.25% YTD, Closes Feb At $42.35bn


Latest data available on the website of the Central Bank of Nigeria (CBN) shows that the nation’s external reserves closed at $42.354bn on February 27, 2018, representing a $3.587bn or 9.25% growth from its $38.766bn at the end of December 2017.
Between January and February 27, according to the data, the reserves increased by $1.728bn or 4.25% from $40.625bn on January 30, 2018.
On a Year-on-Year basis, Nigeria’s reserves level has grown by $12.748bn or 43.06% from $29.605bn on February 27, 2017.

The rise is despite the weekly intervention by the CBN in the Investors & Exporters window of the inter-bank market’s foreign exchange segment which a total of $15.9bn was injected by the apex bank over a nine-month period as part of efforts to ensure stability.

Speaking at a Forum organised by the Finance Correspondents Association of Nigeria (FICAN) on the theme: ‘Nigeria’s Economy and Financial Market Outlook: 2017 Review and 2018 Outlook’ in January, Ayodeji Ebo, Managing Director, Afrinvest Securities Limited estimates that the I&E window has recorded over $27.8bn in turnover.
Meanwhile, the International Monetary Fund (IMF), in a report on Wednesday urged the CBN to stop its various interventionist projects in the economy and even the regular injections into the forex window.
The IMF said in its annual Article IV review of Nigeria’s economy noted the need for the country to pursue an urgent move towards a unified exchange rate “as soon as possible.”

It said its “staff does not support the exchange measures that have given rise to the exchange restrictions and multiple currency practices.”
It also urged the CBN to discontinue its direct interventions in the economy, the most popular of which is the frequent injection of hundreds of millions of dollars into the foreign exchange market to keep its own rates stable.
Commercial banks struggling to remain solvent were also called out, but not identified by the IMF, including one that the lender said was already insolvent: “Some of these banks are kept afloat through continuous recourse to the CBN’s lending facilities.” The IMF said it does not comment on purported leaks. A spokeswoman for the Fund said a statement would be issued after the lender’s board meets to discuss its assessment on Friday.

Speaking on the stability in the forex market, at the FICAN event, Ebo said rate convergence has already been achieved by the CBN, adding that with low exchange rate margin, speculators have virtually abandoned the market.
“Foreign investors also consider the margin between both official and parallel market level. When there is little or no volatility in the market that gives foreign investors’ confidence. The naira gained 35 per cent year-on-year against the dollar to close at N363/$ by year-end in the parallel market,” he said.

http://investdata.com.ng/2018/03/nigerias-external-reserves-9-25-ytd-closes-feb-42-35bn/

Nestle Nigeria Reports 326% Profit Growth, Offers N27.50 Final Dividend

Investors are expected on Monday to react positively to shares of food beverages and confectioneries giant- Nestle Nigeria, as the directors Friday presented its audited result for the year ended December 31, 2017, indicating that while sales revenue rose by about a third of prior year, profit after tax recorded three-digit percentile growth.

Also to attract attention is the recommendation by the directors of a final dividend per share of N27.50, in addition to the interim dividend of N15 paid during the year, bringing total dividend to N42.50, retaining a mere N0.05 of the earnings per share of N42.55. At the end of 2016, the board had paid N10 final dividend per share. It must be noted that the N15 interim dividend (comprising N13.00 and n2.00 from the balance of the pioneer profits as at December 31, 2015 and retained earnings for the period respectively.

On Friday, Nestle’s share price fell N42.00, or 2.91% each as it was presented at the close of the trading session
According to the result, revenue grew by 34% from N181.91bn to N244.151bn; out which the food segment remained the biggest contributor at N154.226bn or 63.16%, from N113.377bn in 2016; while the beverage segment yielded N89.925bn from N68.533bn.
By geography, Nigeria contributed the lion’s share of turnover at N241.122bn, as against N180.004bn; followed by Ghana’s N2.648bn from N974.51m.

Cost of sales for the period grew from N106.583bn to N143.28bn; bringing gross profit to N100.871bn, as against the previous N75.327bn.
Marketing and distribution expenses rose from N28.775bn to N35.157bn; just as administrative expenses climbed to N10.015bn from N8.338bn; translating to operating profit of N55.698bn, up from N38.213bn.
Personnel expenses rose to N22.758bn from N20.817bn; the bulk of which was salaries, wages and allowances of N11.322bn from N10.967bn; followed by other personnel expenses of N5.754bn, up from N4.058bn.

Finance income climbed to N6.239bn from N4.199bn, being interest income on bank deposits; just as interest expense on financial liabilities fell to N3.94bn from N4.577bn; net foreign exchange loss dropped from N16.286bn to N11.168bn; bringing finance costs to N15.109bn from N20.864bn. This brought net finance cost to N8.869bn, up from N16.664bn.

Profit before tax therefore closed 117% higher from N21.548bn to N46.828bn; while income tax expense was flat at N13.104bn, as against the N13.623bn reported in 2016; while profit after tax grew by 326% from N7.924bn to N33.723bn, out of which the directors have proposed a dividend of N19.816bn for shareholders’ approval at the annual general meeting, up from N15.07bn.

http://investdata.com.ng/2018/03/nestle-nigeria-reports-326-profit-growth-offers-n27-50-final-dividend/

Int’l Breweries $250m Sagamu Brewery Begins Operation Mid-Year


Anheuser-Busch InBev (AB InBev), the world’s largest beer maker and parent company of Ilesa, Osun State, Nigeria based International Breweries Plc on Thursday said its new $250m brewery in Sagamu, Ogun State, is billed to commence production in the middle of this year.
Head of its Africa operations, Ricardo Tadeu told Reuters that “for the long term, in five to 10 years, Africa will be an important growth driver for the global company.”
He declined to give the plant’s production capacity, but said the company was upbeat about growth prospects in Africa’s most populous nation and elsewhere across the continent.

“We have a clear strategy to keep a good level of growth in Africa based on developing our brands in different segments of the market,” he said, adding that growth in African countries, excluding South Africa, was a “healthy growth rate in the mid-teens”.
The Belgium-based brewer said on Thursday it expected revenue and core profit (EBITDA) to grow strongly again in 2018, with revenue per hectolitre rising by more than inflation and costs by less.

The brewer said on it had achieved savings of $381 million from its near $100 billion purchase of rival SABMiller, which boosted in presence across Africa, which includes some of the world’s fastest growing economies.

http://investdata.com.ng/2018/03/intl-breweries-250m-sagamu-brewery-begins-operation-mid-year/

Union Bank May Issue Up To $250m Eurobond- Sources


Encouraged by the success of its $163m share sale in the 2017Q4 to boost lending, and the Federal Government’s $2.5bn Eurobond sale in February, Union Bank of Nigeria is working with Citigroup and Renaissance Capital on a planned Eurobond sale, two banking sources told Reuters.

The $2.5bn Eurobond is for refinancing local currency bonds at lower cost, just as there are plans for a further $2.8bn this year.
Union Bank and Renaissance Capital declined to comment, while a Citi representative was unable to make immediate comment.
Sources say Union Bank, which is 22.1% owned by Atlas Mara, could issue up to $250m in bonds including one in local currency and plans to utilize lending opportunities in the agribusinesses sector.
Nigerian banks are gearing up to tap Eurobonds to boost lending and to refinance existing dollar debts before interest rates begin to rise further in the United States.

The race for more capital has also been fuelled by stricter accounting principles on how lenders recognise losses, which are likely to knock 50-200 basis points off industry capital, banking executives have said.
The central Bank of Nigeria (CBN), this year, put a restriction on dividend payments for lenders with high non-performing loans and capital ratios lower than its minimum requirement.

Banking sources said that rival lenders could follow Union Bank’s lead. FCMB is considering a Eurobond and Diamond Bank, with an existing $200 million Eurobond due next year, could tap markets again, sources say.
Fidelity Bank issued a $400 million Eurobond in October at 10.75 percent to refinance existing debt and boost lending. The mid-tier bank told Reuters it used the bond proceeds to fund its trade book in the fourth quarter.

An FCMB spokesman said the bank was open to raising funds in the future but details have not been worked out. A Diamond Bank official said investors would be informed on any decision to raise fresh capital.

http://investdata.com.ng/2018/03/union-bank-may-issue-250m-eurobond-sources/

China Devt Bank, UBA Seal $100m SMEs Loans Deal


Photo Caption: Zhijie, Elumelu and Uzoka at the signing ceremony on February 27, 2018.

Pan-African banking group, United Bank for Africa Plc and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 signed a letter of intent for $100m seven-year to finance the development of small and medium enterprises (SMEs) in Africa.

The loan will enhance UBA’s capacity to provide access to finance to small and medium enterprises (SMEs) across the 19 African countries where UBA currently operates.
Kennedy Uzoka, Group Managing Director and Chief Executive of UBA Plc expressed excitement at the partnership with CDB, “the Development Finance Institution of the Chinese Government, on this historic transaction, as we strongly believe that the facility will serve as a catalyst to the sustainable development of commerce and industry in Africa through provision of critical financial interventions to SMEs across our presence countries.”

Uzoka said fund would complement the recovery of economic activities, just as it will further encourage African entrepreneurship particularly as the funds will be applied to SMEs, which are important for inclusive growth on the continent.
Speaking at the signing ceremony, Chairman of UBA Plc, Tony Elumelu said the fund will boost small and medium scale enterprises across Africa, noting that CDB’s interest in supporting SMEs aligns with UBA’s vision in growing business across Africa.
“In UBA, CDB would have an enduring partner in reaching out to Africans as UBA provides banking services to over 14 million people across 20 African countries, and like CDB, UBA funds critical infrastructural projects on the continent,” he added.

Elumelu further expressed hope for an even stronger relationship between CDB and UBA, as well as with China and Nigeria.
Also commenting, the President of CDB, Zheng Zhijie, said the loan intent is the beginning of cooperation between UBA and CDB that would translate into an enduring business relationship between China and Africa and Nigeria in particular.
“UBA is a leading and dependable bank not only in Nigeria but Africa, and this partnership will help our Bank to accelerate its business objectives in Africa, more importantly as we deepen our investment in energy, road and rail constructions, infrastructure in Africa,” Zhije said.

http://investdata.com.ng/2018/03/china-devt-bank-uba-seal-100m-smes-loans-deal/#more

Earnings Report, Expected Release Date and Forecast On Nigerian Bourse

http://investdata.com.ng/2018/03/earnings-report-expected-release-date-forecast-nigerian-bourse/#more

Investdata Price & Earnings Tracking For Week Ended March 2, 2018

http://investdata.com.ng/2018/03/investdata-price-earnings-tracking-week-ended-march-2-2018/#more

Market Update for March 1, 2018

Investors Look To Earnings Season For Strong Recovery Moves By Nigerian Stocks
Nigeria Stock Exchange on Thursday had what could be described as a tsunami to kick start the month of March on a negative note as it wiped out the gains of previous day.
The day started with a marginal gap up in the morning followed by a sharp decline in the mid-morning session to afternoon to reverse the sharp rebound of February’s last trading session near resistance. The bear wedges formed were reduced slightly in the last trading minutes to close the day.

The sharp pullback witnessed during the trading session were due to value losses by high cap stocks after the index had broken the symmetrical triangle chart pattern to trade above the 20-Day Moving Average in the previous day.
The index hit intraday highs of 43,366.29 from lows of 42,628.21 before closing at 42,843.38.
Market technicals for the day were negative and weak, with selling pressure of 71% on low volume traded, while buying position was 29%. Volume index was 0.42 with money flow index at 58.13 point.

Meanwhile, the composite NSE All-Share index shed 487.16 points to close at 42,843.38 after opening at 43,330.54 basis points, representing a decline of 1.12% on low traded volume that is lower than the previous day’s. Similarly, market capitalisation for the day fell N174.83bn to close at N15.37tr from an opening value of N15.55tr, which also represented 1.12% value loss in investors’ portfolios.

The downturn resulted from losses recorded by medium and high cap stocks like Nigerian Breweries, FBNH, Zenith Bank, Guaranty Trust Bank, Total Nigeria, Stanbic IBTC, Access Bank, Dangote Cement, Lafarge Africa and ETI that impacted negatively on the NSE’s Year-To-Date returns, cutting it to 12.03%, just as market capitalisation gain for the period was reduced to N1.59tr, representing 12.94% YTD growth.
The All Share index and other sectorial indexes closed lower, except for the NSE Oil/Gas and NSE Insurance that closed higher with 0.97% and 0.14% respectively, while the NSE AseM remained unchanged.

Market breadth remained negative as there were more decliners than advancers in the ratio of 31:28. Market activities in volume and value terms were down by 35.08% and 54.87% to 371.25m shares worth N4.87bn from previous day’s 571.87m units valued at N10.8bn.
Transaction volume for the day was boosted by financial services and conglomerate stocks like Transcorp, Zenith Bank, Guaranty Trust Bank, Wapic Insurance and Royal Exchange Insurance , which witnessed increased trading to top the activity chart.
Japual Oil and First Aluminum were the best performing stocks for the day by topping the advancers table with 7.41% and 4.65% respectively to close at N0.58 and N0.45 on market forces while FTNCOCOA and Vitafoam were the worst performers, losing 5% apiece to close at N0.38 and N2.85 respectively on market forces and profit taking.

Market Outlook

Being the last trading day of the week that ushered in the peak period of earnings reporting season, expect volatility and strong recovery moves to continue and profit taking at different times depending on the expected numbers.
Also, expect volatility and repositioning to continue, while profit taking will reduce on the strength of expected payout and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is ongoing.

We advise investors to allow numbers guide their decisions while repositioning for the year trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk. For stocks that should be on your shopping list to buy in these seasonal changes as the year unfolds, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack of the INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy, thereby ensuring that you invest and trade with knowledge. You can also access stocks analysed in the home study pack of the INVEST 2018 traders and the investors’ summit held on February 24, 2018, including the 15 stock-picks for 2018 are available now to guide your positioning as trading for the year.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and TV set. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Meanwhile, a big THANK YOU to facilitators and participants that made the Chart Summit over the weekend a huge success. The eyes of participants were opened to the three tents of technical analysis and how it can enhance traders income, as well as simple trading indicators and tools for successful traders were revealed. Charting of the NSE Index on short and long term direction movements were carried out to guide investors and traders using technical indicators to know the energy behind funds entering the market, or individual stocks and when such funds begin to exit.

Here are some of the great feedbacks from the just concluded Chart Summit:

I have not seen a more lucid, concise, organized & insightful trading and investing educational presentations than the chart summit. All the speakers opened my eyes to how to manage risk using TA, despite the fact that I have been playing the market for 21 years. Mr Ambrose thank you. Please keep this good work you are doing for Nigerians.
Ikechukuw Olisa, an investor

Ambrose and Tunde’s presentations were the simplest, clearest and best understood of the many that I have heard in my trading lifetime of nearly 25 years, please keep it up. Thanks for your time
Oyebola Ademola

The Invest 2018 home study pack content was what attracted me to attend this chart summit today, it was so good that I just couldn’t stop watching. Today’s chart summit was the best class I have attended in over 10 years. It’s going to make a big difference in my trading.
Patrick Udo

Thanks Mike for opening my eyes to risk management and portfolio selection using Technical Analysis tools. Thanks to investdata for putting chart summit together for novice and advance traders. It was well presented and right to the point. Again thanks so much for the beautiful presentation. It’s superb.
Musa Ahmed

Chart Summit on technical analysis for novice and advance traders home study pack will be available on Friday, March 2, 2018, for those who have booked for the USB, you can play it on your phone, TV and laptop. Those interested in the pack should send ‘Yes’ or call any of: 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546
http://investdata.com.ng/2018/03/investors-look-earnings-season-strong-recovery-moves-nigerian-stocks/#more

Market Update for Week Ended March 2 and Outlook for March 5-9

Hope For More Full-Year Financials, Juicy Dividends To Positively Impact NSE Indices

Trading on the Nigerian stock market last week followed through to consolidate the fortnight resistance of further decline of equity prices to halt the three-week of technical correction on the strength of increasing demand for dividend paying stocks and positive economic data that confirm continuation of the economic recovery and growth.
The expected corporate earnings are likely to reflect the nation’s improving business environment on the performance of companies, just as has been the case with consumer goods makers released to the market so far.

For example, the numbers and payout from Nigerian Breweries and Nestle Nigeria, leaders in different segments of the manufacturing sector, reflecting the impact of the improving operating environment, compared to situation during the recession from which the country emerged in the second quarter of 2017. There are others in the financial service providers and oil companies like Africa Prudential, United Capital, Total and Seplat, which also submitted impressive numbers, recommending juicy dividend payouts. This has expectedly triggered interest among traders and investors as yields remain high despite the equally high sock prices, even as there are a few that are still hitting their new 52-week highs.
The mixed performance witnessed within the period under review followed recovery by stocks from the recent sell-offs as three more earnings reports were released within the period but were mixed as two beat market expectations. Africa Prudential and Nestle Nigeria posted strong numbers and announced dividend of 40 kobo and N27.50 respectively, just as United Capital’s numbers were as projected, offering 35 kobo dividend.

On the strength of total dividend payout of N42.50 for 2017 financial year, Nestle Nigeria has impacted its yield to 16.96% which remain the highest so far in the market today.
The NSE’s benchmark All-Share index for the week further resisted decline to remain above its 42,000 mark, as a result of the resumed buying pressure and short-lived panic sell-off ahead of the 2017 dividend declaration season that has resumed earnestly with more numbers trickling in during the period under view. Market technicals were strong and mixed for the period as traded volume was higher amidst negative breadth and stronger buying pressure of 80% and selling volume at 20% of the week’s total transaction to halt three week’s bearish transition as a result of the technical correction.

The NSE ASI for the period was up by 305.34 points to close at 42,876.23 points, after touching intra-week highs of 43,343.82 from an opening figure of 42,570.89 points, representing a 0.72% growth on a high volume higher than previous week’s. Similarly, market capitalisation increased by N126bn to close higher at N15.4tr from its opening value of N15.3tr, representing a 0.82% value gain in investors portfolios.
There was positive sentiment with increasing buying positions targeted at dividend paying stocks, with particular attention at Zenith Bank, UBA, Guaranty Trust Bank and others in different sectors. With more numbers expected, there is the high possibility of them beating estimates to reflect the positive economic data being reported by the statistics office and the CBN. The market’s year-to-date returns increased to 12.11%, even as market capitalisation growth for the period stood at N1.92tr, representing a 13.23% gain from the year’s opening value.
During the period under consideration, low and medium cap stocks were the best performers, dominating the top advancers table. These are stocks that had suffered losses during the shakeout and those with high possibility of dividend payment.
Transactions were driven by activities in the financial services and industrial goods sectors.
Market breadth was negative with decliners outnumbering advancers in the ratio of 45:38 on a higher volume of trades to halt three-week seeming correction.


International stock markets closed lower over the past week, amidst the proposed increase in trade tariffs by U.S government and expected interest rate hike that triggered bearish performance in developed markets to elongate the technical correction. The fear of trade war after U.S President Donald Trump announced plans to impose a 25% tariff on steel imports and 10% tariff on aluminum imports from Europe. In Asia, China’s vote to end term limits for President Xi Jinping in a move that has some investors and human right activists are concerned. Also, being the largest exporter of steel and aluminum, the proposed 25% tariff could affect US imports.

Back home, the market recorded a mixed performance as the All-Share Index advanced in three of the week’s five trading sessions, closing marginally up by 0.02% on Monday, before declining on Tuesday by 0.70%. This was reversed at the end of midweek’s trading when the index rose by an impressive 2.4%, before another pullback on Thursday when it lost 1.10% on profit taking. The index closed flat on Friday at 0.08% green, bringing total gains for the period to 0.72% as traders and investors continued to reposition ahead of the release of more earnings reports in the market.
The composite index and all sectoral indices closed in green for the period, except the NSE AseM, NSE Banking and NSE Pension that were red with 1.14%, 0.59% and 0.09% respectively. Market activities in volume and value were up by 7.5% and 79.9% to 2.17bn shares worth N39.09bn from the previous week 2.01bn units valued at N21.74bn.

The week’s best performing stocks were Japaul Oil and Unity Bank that gained 50% and 18.4% respectively to close at N0.56 and N1.77 per share, due to market sentiments for second-tier banking stocks, while Japual’s resulted from speculations on the strength of the $350m financing deal with a foreign company. The worst performing stocks for the period were Sovereign Insurance and Unic Insurance that lost 20.8% and 18.5%, which closed at N0.36 and N0.32 respectively, on the back of market forces.

Market Outlook
Being the last month of the quarter and peak of the earnings reporting season when more companies are expected to release their full-year results for the period ended December 31, 2017. This is expected to have positive impact on the market this new week as more traders and investors take position in value and dividend paying stocks, as the economy remains upbeat on positive macro-economic indices to drive performance.

Also, expect volatility and repositioning to continue, while profit taking will reduce on the strength of expected payout and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is approaching.
We advise investors to allow numbers guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk. For stocks that should be on your shopping list to buy in these seasonal changes as the year unfolds, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack of the INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy, thereby ensuring that you invest and trade with knowledge. You can also access stocks analysed in the home study pack of the INVEST 2018 traders and the investors’ summit held on February 24, 2018, including the 15 stock-picks for 2018 are available now to guide your positioning as trading for the year.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and TV set. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.
Meanwhile, a big THANK YOU to facilitators and participants that made the Chart Summit held on February 24, 2018, a huge success. The eyes of participants were opened to the three tents of technical analysis and how it can enhance traders income, as well as simple trading indicators and tools for successful traders were revealed. Charting of the NSE Index on short and long term direction movements were carried out to guide investors and traders using technical indicators to know the energy behind funds entering the market, or individual stocks and when such funds begin to exit.

Here are some of the great feedbacks from the Chart Summit:

I have not seen a more lucid, concise, organized & insightful trading and investing educational presentations than the chart summit. All the speakers opened my eyes to how to manage risk using TA, despite the fact that I have been playing the market for 21 years. Mr Ambrose thank you. Please keep this good work you are doing for Nigerians.
Ikechukwu Olisa

Ambrose and Tunde’s presentations were the simplest, clearest and best understood of the many that I have heard in my trading lifetime of nearly 25 years, please keep it up. Thanks for your time
Oyebola Ademola

The Invest 2018 home study pack content was what attracted me to attend this chart summit today, it was so good that I just couldn’t stop watching. Today’s chart summit was the best class I have attended in over 10 years. It’s going to make a big difference in my trading.
Patrick Udo

Thanks Mike for opening my eyes to risk management and portfolio selection using Technical Analysis tools. Thanks to investdata for putting chart summit together for novice and advance traders. It was well presented and right to the point. Again thanks so much for the beautiful presentation. It’s superb.
Musa Ahmed

Chart Summit on technical analysis for novice and advance traders home study pack will be available on Friday, March 2, 2018, for those who have booked for the USB, you can play it on your phone, TV and laptop. Those interested in the pack should send ‘Yes’ or call any of: 08032055467, 08028164086 or 08111811223.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546

http://investdata.com.ng/2018/03/hope-full-year-financials-juicy-dividends-positively-impact-nse-indices/#more

Corporate Actions On Nigeria’s Stock Exchange As Of March 2, 2018

http://investdata.com.ng/2018/03/corporate-actions-nigerias-stock-exchange-march-2-2018/#more

BUY AND SELL SIGNAL OF NIGERIA STOCKS


NSEASI buy 75% sell 25% MFI 59.16,

Access buy 67% sell 33% MFI 79.15,

Afrprud buy 33% sell 67% MFI 56.75,

Dangote flour buy MFI 68.49,

Dangote sugar buy 70% sell 30% MFI 40.50,

Diamond buy 0% MFI 22.56,eterna buy MFI 51.67,

FBNH buy 86%sell 14% MFI 42.80,

FCMB buy 89% sell 11% MFI 33.18,

FMN buy 0% MFI 64.19,

Honey flour buy 17% sell 83^ MFI 67.88,

Nestle buy MFI 80.45,

Transcorp buy 88% sell 12% MFI 39.12,

UBA buy 0% MFI 81.36,ubn buy MFI 14.17,

Ucap buy 90% sell 10% MFI 44.62,

Vita foam buy MFI 43.51,wapco buy MFI 41.31,

Wema buy MFI 18.23,

Zenith buy 44% sell 56% MFI 53.86


This is to inform all our exclusive members that the buy & sell signal for this week have been posted on our membership site for you.

Kindly click on the below link now and login with your username and password to have access.

Here is the link :
http://investdataonline.com/buy-sell-signal/


To Your Success

Investdata Consulting.


P.S. You need to act fast once the market open this week starting from Monday 6th, 2018. You know time wait for no man. So let continue our gaining trend.

P. P. S. If you have not join our exclusive members then you are really missing out.
http://investdataltd..com/2018/03/buy-and-sell-signal-of-nigeria-stocks.html

Are you Ready or Not?

Recently, I held my Chart Summit at Ostra Hall and Hotels, Alausa, Ikeja. This was one of the best if not the best seminar I have ever organized.

However, what came as a shock to me was the fact that 80% of the attendees where all professionals who have used or have been Technical Analysis. However, they confessed that have been into several trainings similar to my recent chart summit but the value they got was far more than the fee that was charged.

*Here is what some of them have to say.*

I have not seen a more lucid, concise, organized & insightful trading and investing educational presentations than the chart summit. All the speakers opened my eyes to how to manage risk using TA, despite the fact that I have been playing the market for 21 years. Mr Ambrose thank you. Please keep this good work you are doing for Nigerians.
Ikechukuw Olisa, an investor

*Ambrose and Tunde's presentations were the simplest, clearest and best understood of the many that I have heard in* *my trading lifetime of nearly 25 years, please keep it up.Thanks for your time* *Oyebola Ademola*

So, stop limiting yourself by giving excuses like procrastination, I am a professional and I don't think I really need this, I won't really gain anything, I don't have cash, it will be expensive which is untrue compare to a treat of Domino Pizza and Coldstone ice cream etc and order for your

*1.Chart Summit OTG USB for both phone and laptop*
*2.Invest 2018 Summit OTG USB for both phone and laptop.*

*Call 08028164085,08032055467 or send an email to ambroseconsultants@yahoo.com if you are busy Executive. In addition, you can also indicate YES so could call you immediately

http://investdataltd..com/2018/03/are-you-ready-or-not.html

INVESTDATA EQUITY TRADING AND INVESTMENT EDUCATION TRAIN MOVES TO PORT HARCOURT

Jack Ma, the richest man in China said:
If you put Bananas and Money in front of Monkeys, monkeys will choose Bananas because monkeys do not know that money can buy a lot of Bananas.

IN REALITY, if you offer JOB and BUSINESS to people, they would choose JOB because most people do not know that BUSINESS can bring more MONEY than wages.
This is a truth should be held dear and not just held but acted upon!
Of course, any financial loss can be scary and painful. It is true that the less you have, the more each naira counts.
Investing is no exception. The thought of possibly losing money is a terrifying prospect. And the fact that today’s economy has seen better days probably isn’t helping your fears. Investing in the stock market may have its risks. But if you give in to fear, you’ll pass by some incredible opportunities—ones that come with big dollar signs attached.

NOW is actually the best time to bite the bullet and get started in investing.
FEAR: How will I know the best time to invest with the fluctuations in the stock market?

I have good news for you
Invest data has you covered. http://investdataonline.com/
You can be properly guided in your investment and make the right choices that yield great returns.
Visit. http://investdataonline.com/ or call 08028164085"
Profit is better than wages, for wages can make you a living but profits can bring you a fortune."
Save for your future
To your Success,
Ambrose Omordion

P.S. you can trade less and make more by following the institutional money flow and without breaking your pockets with invest data. The stock market may be going down but all those who have followed my guidance and invested are getting great returns on their investment.
Visit http://investdataonline.com/
Or call 08028164085 TODAY

Surrendering to fear only holds you back. If you want to get ahead financially, you’ve got to invest in your future
THINK INVESTMENT and stop fighting over increments of salaries, it still won't be enough
PThe invest data equity trading and investment education train moves to Port Harcourt this month in an investment summit tagged "Power of Earnings Season For Profitable Trading and Investing"

Date: March 17th 2018
Phone: 08028164085 or 08032055467
Email: Ambrose.o@investdata.com.ng
https://investdataltd..com.ng/2018/03/investdata-equity-trading-and.html

Nigeria’s Forex Market Get Further $210m Intervention

Contrary to advise by the International Monetary Fund (IMF) in a recent report, the Central Bank of Nigeria (CBN) on Tuesday, March 6, 2018, said it injected a total of $210m to the interbank foreign exchange market.

According to the CBN, $100m was offered to authorized dealers in the wholesale segment of the market, while the Small and Medium Scale Enterprises (SMEs) segment received the sum of $55m; just as another $55m was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA)

Acting Director, Corporate Communications Department of the CBN, Isaac Okorafor, while confirming the figures, reassured the public of its desire to sustain the interbank foreign exchange market intervention.

This, he stressed, is in line with its determination to sustain liquidity in the market and maintain stability, adding that the steps taken so far in the management of forex has paid off, as reflected by reductions in the country’s import bills and accretion to its foreign reserves.

The Naira on Tuesday, March 6, 2018 exchanged for N361/$1 on the BDC segment of the market.

http://investdata.com.ng/2018/03/nigerias-forex-market-get-210m-intervention/#more

Investors, Traders Continue Repositioning Ahead Full-Year Earnings Season Peak


Market Update for March 6, 2018

Nigeria’s stock market indexes extended its positive performance on Tuesday, despite the reduction in gaining momentum and mixed technical, maintaining its volatile posture. The day started out with a gap down movement in the first hour of trading and into the mid-morning when it came down hard, held support, rallied back, which was sustained for the rest of the day to close marginally positive. In the process, the index oscillated to lows of 42,912.56 before retracing up to intraday highs of 43,611.76 on improved traded volume that was strengthened by trades in banking stocks.

During the session foreign investors’ interest in banking stocks were evident, especially with the cross deal of 10m units of Zenith Bank at N31.25 executed and the 13.5m share of Guaranty Trust Bank traded at N48.50, which were despite declines in the sector’s index for the day. This also confirmed the continued repositioning of traders and investors ahead of more corporate earnings expectations that has stylishly ushered in the new uptrend. Sustainability of the upward trend however remains a function of market reactions to earnings surprises or disappointments.
The energy behind the market kept its benchmark Nigerian Stock Exchange (NSE) All-Share index above its 20 and 50 day moving average to sustain the positive start of the week.

Market technicals for the day were strong but mixed with buying pressure of 100% on low volume traded, while selling position was 0%. Volume index was 0.41 with money flow index at 65.94 point.
Meanwhile, the benchmark index gained 95.84 points to close at 43,609.77 after opening at 43,513.93 basis points, representing a growth of 0.20% on low traded volume that is higher than the previous day’s. Similarly, market capitalisation for the day rose by N34.43bn to close at N15.67tr from an opening value of N15.63tr which also represented 0.20% value appreciation.

The upturn recorded was sustained as a result of value gain by the likes of Nigerian Breweries, Seplat, Unilever, Flourmills, Zenith Bank, UBA, Dangote Sugar, Dangote Flour, UBN, and NASCON, which positively lifted the NSE’s Year-To-Date returns to 14.03%, just as market capitalisation gain for the period was up to N2.06tr, representing 15.12% YTD growth.
Just like the ASI, other sectorial indexes were in the green, except for the NSE Banking that closed 0.33% down, due price decline in GTBank, Sterling Bank and Access Bank. Market breadth was weak and negative as decliners outnumbered advancers in the ratio of 29:26. Market activities in volume and value terms were up by 76.8% and 3.8% to 445.5m shares worth N5.96bn from previous day’s 252.05m units valued at N5.75bn.

Transaction volume for the day was boosted by financial services stocks like Sterling Bank, Fidelity Bank, Zenith Bank, FBNH and Guaranty Trust Bank, which witnessed increased trading to top the activity chart.
At the end of the day’s trading, Unilever and Caverton were the best performing stocks on the advancers table, chalking 10.2% and 9.9% respectively to close at N59.60 and N2.67 on market expectation of earnings and dividend, while Regency Insurance and Multiverse shed the biggest weights of 9.1% and 7.4% to close at N0.40 and N0.25 respectively on market forces and impact of new pricing rule.

Market Outlook

Expect sustained uptrend on the strength of improving positive sentiment for earnings season, we expect the market to maintain strong energy that will drive prices up as market players expects more earnings to which they would react positively if the numbers beat estimates. Also expect volatility and strong recovery moves to continue and profit taking at different times depending on the expected numbers.
Also, expect repositioning to continue, while profit taking will reduce on the strength of expected payout and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is ongoing.

We advise investors to allow numbers guide their decisions while repositioning for the year trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk. For stocks that should be on your shopping list to buy in these seasonal changes as the year unfolds, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack of the INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy, thereby ensuring that you invest and trade with knowledge. You can also access stocks analysed in the home study pack of the INVEST 2018 traders and the investors’ summit held on February 24, 2018, including the 15 stock-picks for 2018 are available now to guide your positioning as trading for the year.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and TV set. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.
Meanwhile, the Investdata equity trading and investment education train moves to Port Harcourt this month in line with its resolve to encourage and enhance the return of more retail investors to the Nigerian Stock Exchange (NSE) as a veritable instrument for mobilizing savings, wealth creation and redistribution.

At the Port Harcourt edition investment summit tagged: “Power of Earnings Season For Profitable Trading and Investing” we would be simplifying stock market investing is billed for Saturday, March 17, 2018 at Emerald Hotel Limited, Rumuola. From there, it moves to Abuja on Saturday, April 14, 2018.
As the Nigerian economy continues on its recovery path, participants would learn how to trade intelligently, beginning with setting investment objectives and applying simple tools to help decision making even on impulse.
A statement by Investdata quoted Mr. Ambrose Omordion, its Chief Research Officer as saying: “The training is also to help participants appreciate the changing pattern of the Nigerian economy since its emergence from recession, its effect on company fundamentals, which calls for new strategies for profitable investing. Investors are recovering from the recent market correction due to price decline suffered by equities over the past three weeks.
“Participants will learn how to effectively combine fundamental and technical tools for profiting from the market transformation, while protecting their capital.
“As independent research analysts, InvestData Consulting Limited will also unveil simple steps for surviving any market situation profitably and how to manage profit and loss positions using simple technical analysis tools. We would also be looking at equity investment in a pre-election year and beyond.”

Participants at the Port Harcourt and Abuja legs of the summit would learn how to be among the lucky 10% who manage to consistently play the stock market profitably on their own, guided by our simple trading strategies and buy & sell signal setup.
At Investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect you portfolios and profit from market corrections in a recovering economy.

We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.
At each of the events, all our stock trading and investing materials that will enhance the knowledge of participants and boost their returns on investment will be available at a discount.
As is our tradition, at our workshop of December 9, 2017, Investdata recommended the following 16 stocks to participants:

African Prudential Plc
Dangote Flour Mills Plc
Dangote Sugar Refinery Plc
Fidson Healthcare Plc
Fidelity Bank Plc
FBN Holdings Plc
Eterna Plc
Access Bank Plc
Dangote Cement Plc
Flour Mills of Nigeria Plc
Honeywell Flour Mills Plc
Presco Plc
Okomu Oil Palm Plc
Total Nigeria Plc
Unilever Nigeria Plc
Zenith Bank Plc

“An analysis of the stocks after four months and one week since December 9 when the summit in Lagos shows that Dangote Flour for example has returned 42.11% from N11.40 each to N16.20. This was after it touched a peak of N17.81 within the period, representing a 56.22% ROI; followed by Eterna, which chalked 35.63%, after its share price climbed from N4.35 on Friday, December 9, 2017, to N5.90 each, just as it recorded a high of 60% returns. FBN Holdings, another of the recommended stock climbed 26.39% from N9.02 per share to close at N11.40 on March 2, 2018, hitting a high of N15.16 each, or 68.07%; while Honeywell Flour notched 23.18%, after closing at N2.71 from N2.20 per share and attaining a price of N3.69, or 67.72% for investors and traders who exited at that price,” Omordion explained.

Also, he added that investors who followed Investdata’s advice to position in African Prudential have gained 22.36% from N3.98 per share at the beginning of the period to N4.87, attaining a 30.65% height within the period; just as investors in Unilever Nigeria creamed 23.89%, which makes it the stock that is closed to its peak during the period. Fidelity Bank’s shares have within the period appreciated by 12.45% to N2.80, but rose as high as N4.33 each, representing 73.89% RoI; while Fidson Healthcare returned 23.68% to close at N4.70, after reaching N5.05 per share, representing RoI of 32.89%; among others.

Two stocks in the pack however underperformed slightly, with Okomu Oil Palm lost 4%, opening for the period at N75.00 and falling to N72.00 per share, after attaining a height of N75.75; just as Flour Mills of Nigeria shed 4% from N35.00 to N33.60; after rising to N37.35 each.
That means a basket built around the above stocks has within the period, without doubt, yielded bountiful returns.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546
http://investdata.com.ng/2018/03/investors-traders-continuing-repositioning-ahead-full-year-earnings-season-peak/

All Eyes On Blue-Chip Financials For Next Direction Of Nigeria’s Equity Market


Market Update for March 7, 2018

Midweek’s trading on the Nigerian Stock Exchange (NSE) had a very highly volatile session, with the indicators closing lower on the back of major profit taking in highly capitalized stocks a situation that halted the five-day bullish performance.
Trading activities started on a slight gap down at the opening, but bounced back by the midday and afternoon, before closing the day on a negative note. It got to the recent top resistance line and rolled over to retest the lows. It only made nominal new lows and couldn’t follow through. The NSE index intraday movement went as high as 43,870.09 from lows of 42,939.13 points, and closed at 42,952.70 just a few points off the day’s low.

That notwithstanding, market sentiments, technically, remain positive as revealed by the breadth at the close of the day, a sign that investors and traders’ eyes are focused on the expected corporate earnings to give the next direction as many fundamentally sound companies are yet to make their scorecard available to the market.
Market forces, price adjustment for dividend and profit booking are an integral part of every earnings season as it creates opportunities for repositioning in the market. Upward reversal at this point remains a function of market reactions to expected earnings surprises or disappointments.

Despite Wednesday’s pullback, the market is still trading above its 20 and 50-Day Moving Average on a low volume that signals imminent reversal on positive market sentiments.
Market technicals for the day were weak but mixed with selling pressure of 99% on low volume traded, while buying position was 1%. Volume index was 0.24 with money flow index energy weaken at 59.20 point from the previous day’s level of 65.94 points.
Meanwhile, the All Share index shed 657.07 points to close at 42,952.70 after opening at 43,609.77 basis points, representing a decline of 1.51% on low traded volume that is lower than the previous day’s. Similarly, market capitalisation for the day went down by N236.05bn to close at N15.4tr from an opening value of N15.67tr which also represented 1.51% value loss.

Wednesday’s downturn was as a result of price depreciation by medium and high cap stocks likes of Total Nigeria, Nigerian Breweries, Zenith Bank, Nestle, GTBank, Dangote Cement and Access Bank, which impacted negatively on the NSE’s Year-To-Date returns, cutting it to 12.31%, just as market capitalisation gain for the period dropped to N1.82tr, representing 13.88% YTD growth.
The composite NSE All-Share index and other sectorial indexes were in the red, except for the NSE Insurance that closed 0.38% up due to appreciation in the prices Consolidated Hallmark, NEM and Linkage Assurance. Market breadth was positive as advancers outweighed decliners in the ratio of 26:23.

Market activities in volume and value terms were down by 39.3% and 13.1% to 270.33m shares worth N5.18bn from previous day’s 445.5m units valued at N5.96bn.
Transaction volume for the day was boosted by financial services and conglomerates stocks like Zenith Bank, Sterling Bank, Fidelity Bank, Japaul Oil and Transcorp, which witnessed increased trading to top the activity chart.
Eterna and Japaul Oil were the best performing stocks on the advancers table, gaining 10.2% and 8.0% respectively to close at N6.40 and N0.81 on market expectation of earnings and sentiment, while Unity Bank and Wapic Insurance shed the biggest weights of 9.2% and 6.5% to close at N1.67 and N0.58 respectively on profit taking.

Market Outlook

Expect reversal on the strength of improving positive sentiment for earnings season, we expect the lag in releasing results between Monday and Wednesday to come to an end as the market looks to more numbers between Thursday and next week. Also expect volatility and strong recovery moves to continue and profit taking at different times, depending on the expected numbers.
Also, expect repositioning to continue, while profit taking will reduce on the strength of expected payouts and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is ongoing.

We advise investors to allow numbers guide their decisions while repositioning for the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk. For stocks that should be on your shopping list to buy in these seasonal changes as the year unfolds, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack of the INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy, thereby ensuring that you invest and trade with knowledge. You can also access stocks analysed in the home study pack of the INVEST 2018 traders and the investors’ summit held on February 24, 2018, including the 15 stock-picks for 2018 are available now to guide your positioning as trading for the year.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and TV set. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.
Meanwhile, the Investdata equity trading and investment education train moves to Port Harcourt this month in line with its resolve to encourage and enhance the return of more retail investors to the Nigerian Stock Exchange (NSE) as a veritable instrument for mobilizing savings, wealth creation and redistribution.
At the Port Harcourt edition investment summit tagged: “Power of Earnings Season For Profitable Trading and Investing” we would be simplifying stock market investing is billed for Saturday, March 17, 2018 at Emerald Hotel Limited, Rumuola. From there, it moves to Abuja on Saturday, April 14, 2018.

As the Nigerian economy continues on its recovery path, participants would learn how to trade intelligently, beginning with setting investment objectives and applying simple tools to help decision making even on impulse.
A statement by Investdata quoted Mr. Ambrose Omordion, its Chief Research Officer as saying: “The training is also to help participants appreciate the changing pattern of the Nigerian economy since its emergence from recession, its effect on company fundamentals, which calls for new strategies for profitable investing. Investors are recovering from the recent market correction due to price decline suffered by equities over the past three weeks.
“Participants will learn how to effectively combine fundamental and technical tools for profiting from the market transformation, while protecting their capital.

“As independent research analysts, InvestData Consulting Limited will also unveil simple steps for surviving any market situation profitably and how to manage profit and loss positions using simple technical analysis tools. We would also be looking at equity investment in a pre-election year and beyond.”
Participants at the Port Harcourt and Abuja legs of the summit would learn how to be among the lucky 10% who manage to consistently play the stock market profitably on their own, guided by our simple trading strategies and buy & sell signal setup.
At Investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect you portfolios and profit from market corrections in a recovering economy.

We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.
At each of the events, all our stock trading and investing materials that will enhance the knowledge of participants and boost their returns on investment will be available at a discount.
As is our tradition, at our workshop of December 9, 2017, Investdata recommended the following 16 stocks to participants:

African Prudential Plc
Dangote Flour Mills Plc
Dangote Sugar Refinery Plc
Fidson Healthcare Plc
Fidelity Bank Plc
FBN Holdings Plc
Eterna Plc
Access Bank Plc
Dangote Cement Plc
Flour Mills of Nigeria Plc
Honeywell Flour Mills Plc
Presco Plc
Okomu Oil Palm Plc
Total Nigeria Plc
Unilever Nigeria Plc
Zenith Bank Plc

“An analysis of the stocks after four months and one week since December 9 when the summit in Lagos shows that Dangote Flour for example has returned 42.11% from N11.40 each to N16.20. This was after it touched a peak of N17.81 within the period, representing a 56.22% ROI; followed by Eterna, which chalked 35.63%, after its share price climbed from N4.35 on Friday, December 9, 2017, to N5.90 each, just as it recorded a high of 60% returns. FBN Holdings, another of the recommended stock climbed 26.39% from N9.02 per share to close at N11.40 on March 2, 2018, hitting a high of N15.16 each, or 68.07%; while Honeywell Flour notched 23.18%, after closing at N2.71 from N2.20 per share and attaining a price of N3.69, or 67.72% for investors and traders who exited at that price,” Omordion explained.
Also, he added that investors who followed Investdata’s advice to position in African Prudential have gained 22.36% from N3.98 per share at the beginning of the period to N4.87, attaining a 30.65% height within the period; just as investors in Unilever Nigeria creamed 23.89%, which makes it the stock that is closed to its peak during the period. Fidelity Bank’s shares have within the period appreciated by 12.45% to N2.80, but rose as high as N4.33 each, representing 73.89% RoI; while Fidson Healthcare returned 23.68% to close at N4.70, after reaching N5.05 per share, representing RoI of 32.89%; among others.

Two stocks in the pack however underperformed slightly, with Okomu Oil Palm lost 4%, opening for the period at N75.00 and falling to N72.00 per share, after attaining a height of N75.75; just as Flour Mills of Nigeria shed 4% from N35.00 to N33.60; after rising to N37.35 each.
That means a basket built around the above stocks has within the period, without doubt, yielded bountiful returns.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546
http://investdata.com.ng/2018/03/eyes-blue-chip-financials-next-direction-nigerias-equity-market/

Flour Mills Remains Investors’ Toast for Medium, Long-Term Positions

Rating: Buy
Current Market Price: N30.00
Fair Value: N45.00

Key Financial Tickers:
• The next expected financial performance is its fourth quarter earnings which would hit the market soon.
• Our expectation of the result is positive.
• We expect a fairly reduced dividend (cash/scrip) in the full year financial performance due to the fact that its shares outstanding will
increase because of the recently concluded N40bn Rights issue and funds being raised from the fixed income market.
• Nevertheless, since the funds being raised will be used to offset a major percentage of its outstanding debt. We are of the opinion that the
financials will grow over the years following the fresh capital being sourced.

Strength
The major revenue drivers for Flour Mills are its investments to raise capacity in the different business segments. Most significant is the commissioning of a 750,000MT sugar refinery in Lagos to increase its operating capacity from 24% at the end of FY’14. The plant is currently operating at about 50% capacity, producing 375,000MT. We expect revenue from the sugar refinery to grow at a much lower compound rate of 2.6% annually till 2019.

Also, the increase in the company’s flour milling capacity will also contribute significantly to revenue growth in the ‘other foods’ segment (food businesses apart from Golden Sugar) over the next few years from when the company launched its products in the snacks, powdered drinks and breakfast cereals segment of the market. We estimate that the ‘other food’ segments will grow up to 3.5% YoY till 2019 as Nigeria’s population and middle income earners increase.

Corporate Figures
• On the strength of the most recent quarter’s (MRQ) financial statistics presented by the management of Flour Mills, one can safely
conclude that the company is in a healthy state, helped by its good management skill. In the opinion of Investdata analysts, if such skill is
maintained, the market will definitely revalue the equity’s share price over the coming years, especially when it starts enjoying the
dividend of the ongoing fund raising moves.
• As can be seen in the MRQ, the management of flour mills effectively built her income statements at good rates above the comparable
period of 2016. The sales figure grew by a marginal 9.63% from N389.943bn to N427.502bn. Earnings before Interest and Tax (EBIT)
appreciated over comparable period figure by 62.10% from N27.264bn to N44.194bn, while Profit before Tax (PBT) improved by 89.46%,
just as Profit After Tax for the period (PAT) stood at 78.99% above profit posted in the similar period of 2016.

Liquidity/Risk Ratios
• Given the Quick and Current ratio estimated from the company’s figure, we can safely conclude that a fair adjustment should be
considered by the management of Flour Mills in this regard.
• At 1.06x interest coverage, it is evident that the company possesses enough muscle to offset interest on outstanding debts. Nevertheless,
to keep the status intact, it is necessary for the management to only use facilities with low cost.
• The company’s volatility is only fairly below a unit. With this, we can safely conclude fair investors’ flair for its shares. Financial leverage of
3.79x is fair enough although this reduced from the 4.73x estimated in the similar period of 2016.
*****

Profitability Ratios
• Typical of its business, the cost of sales is quite on the high side. From our estimates, Cost of Sales is 86.89% of the Turnover/Sales
figure reported for the period.
• This explained the low 4.56% margin between Profit before Tax and Sales figure for the period. Please note that same factor accounted
for the 3.10% Profit Margin.
• Return on average equity is 11.86% while Return on average Assets is 3.13%.

Efficiency Ratios
Both Total Assets Turnover and Equity turnover are very impressive. Total Assets Turnover increased from 82% in its last nine-month financials to 100.92% in the current quarter. Equity Turnover is equally impressive at 382.63%, slightly below the previous 387.87%. Also following the same trend is the Fixed Assets Turnover estimated at 189.64% as against the 175.45% in the previous quarter.

Investment Ratios
• Following the same pattern observed in Flour Mills’ income statement, all investment ratios soared against that of the corresponding
period of 2016.
• Earnings per Share (EPS) and Total Comprehensive Income per share stood above last quarter’s by 78.99%, stemming from N3.10 to
N5.55.
• This resulted in 18% yield over the market price of Flour Mills Share Price as at the time this result was unveiled to the market. In our
opinion, this yield is quite attractive.
• The positive performance adjusted the P/E-Ratio down to 1.85x from 1.99x, while.
• The company’s current share price becomes more attractive with a Price/Book Value ratio below 1, this has further confirmed our
estimated fair value for the stock.
• In conclusion, investment in the share price of Flour Mills Nigerian Plc has and will remain profitable, all things remaining the same.


First though Third Quarter-2017 Compared
• All income elements ranging from the operating profit to total comprehensive income are on the rise QoQ.
• Nevertheless, the growth rate of the said figures reduced from the half year performance to the third quarter.
• From our observation, the growth rate should improve between the third and fourth quarter of the year. In other words, we expect more
impressive financial in the full year earnings.
• Although non-current liabilities increased, while current liabilities dropped, total liabilities stood at 11.88% below the figures reported in
the first quarter.

Valuation
Our weighted average DCF and P/E valuation for Flour Mills Nigeria gives TP of N45.00 (which implies a 36.36% upside potential from current price of N33.00. We therefore maintain a BUY recommendation on FLOURMILL.

Technical View
• Observations from the technical tools revealed that short-term trade might not be frequently reliable on the share price of Flour Mills.
• The stock has been spotted to have a major resistance around N34.63 and quite strong support at N28.10.
• Ordinarily the gap between these two points should suffice for short term trade, but the probability of the stock hitting the support before
reversing is quite slim.
• In other words we expect price to shuttle between N31.00 and N34.00 leaving a N3.00 margin which may not be too profitable after
considering transaction charges.

Recommendations
• On the strength of the above, we recommend only medium and long term positions in the shares of Flour Mills as this holds stronger
possibility of good returns for investors.
• We also believe that for better returns at the release of the full year performance due in the first week of July 2018, buying in tranches for
now is an intelligent investment decision.

http://investdata.com.ng/2018/03/flour-mills-remains-investors-toast-medium-long-term-positions/

Breaking: NSE Cancels Trades Of UNIC Diversified Holdings Plc


A day after announcing the suspension of Unic Diversified Holdings Plc (formerly Unic Insurance) in what it explained was to “ensure market integrity,” the Nigerian Stock Exchange (NSE), on Friday announced the outright cancellation of Thursday’s transactions on the company’s shares.

The cancellation, the NSE said Friday morning in another terse statement, followed an abnormal behaviour in the company’s trading price.
The statement said: “kindly be informed that all trades in the security (UNIC) that matched prices outside yesterday’s price band (N0.18 – N0.20) are considered invalid and therefore cancelled. All inconveniences are regretted.”
Recall that UNIC’s share price gained an unprecedented 200% at some point during the day, outside of the 10% band +/- allowed by the exchange engine.
Meanwhile, it is not known whether the story in Friday’s edition of The Nation newspapers could have any relationship with events on the NSE on Thursday.

The newspaper reports a takeover of the company by Nigeria’s National Insurance Commission (NAICOM) the insurance industry’s primary regulator, in what it said is on the heels of a drive to sanitise the sector and ensure safety of policyholders investment in the sector.
Although, UNIC Insurance has been unable to pay claims to policyholders and had weak financial result, the report said NAICOM is yet to say why it took over the firm, even as industry sources say the board of UNIC has been sacked while a four man interim board comprising NAICOM’s former Director of Finance and Accounts, Chief Samuel Ordu, and Theophilus Eke as interim chairman and Managing Director respectively to pilot the affairs of the company has been constituted.

The interim board which has an initial period of six months to conduct a forensic audit on the firm and point out the corporate governance failures observed in the course of reviewing the financial statements also has as members: Ifeyinwa Ann Momah and Nicholas Shaiyen.
The Nation also learnt that NAICOM is prepared to intervene in more companies. Few days ago, the Commissioner for Insurance, Mohammed Kari said there is an urgent need for consolidation between the firms. He said aside the underwriters, all other insurance operators especially brokers would also need to consolidate.

http://investdata.com.ng/2018/03/breaking-nse-cancels-trades-unic-diversified-holdings-plc/

Bargain Hunters Utilise Pullbacks To Position In Dividend Stocks, Expected Financials


Market Update for March 8, 2018

Nigeria’s stock market index rebounded on Thursday to finish well on a strong buying sentiment and volatility. It was a very mixed session and a consolidation day which started out with a gap to the downside before retracing up gradually by the mid-morning, remaining above the psychological line of 43,000 basis points. This very formidable resistance will further breakout if earnings reports and payout beat expectations. During the trading session investors and traders took position in banking, consumer goods and oil stocks, guided by economic statistics which reveal strong growth in these sectors as of 2017 Q4 and has so far reflected on the few numbers released from such sectors.
The NSE All-Share index’s intraday movement went as low as 42,777.92 from the opening figure of 42,952.70 points, to close the day high at 43,092.63.

The international markets yesterday rebounded after a surprising decision by the European Central Bank (ECB) to retain its rates until September, while the United States formalized its new tariff regime ahead of job market report.
This is just as the relatively high price of oil continues to influence Nigeria’s reserve positively as it continues to attract more direct and indirect investments to the economy, following which economic data remain upbeat since Q2 of 2017.

Thursday’s retracement on the NSE is signals that bargain hunters are taking advantage of the pullbacks to position in dividend paying stocks that are yet to release their scorecards. As the market continue to make higher lows in up direction to support the index trading above its 20 and 50-Day Moving Average on a high volume that supports positive performance as we go into the peak session of earnings reporting season, ahead of Q1 2018 corporate earnings and Q1 economic data.

Market technicals for the day were positive and strong with buying pressure of 100% on a high volume traded, while selling position was 0%. Volume index was 0.52 with money flow index energy weakening at 51.63 point from the previous day’s level of 59.20 points.
Meanwhile, the composite index gained 139.93 points to close at 43,092.63 after opening at 42,952.70 basis points, representing a growth of 0.32% on high traded volume that is higher than the previous day’s. Similarly, market capitalisation for the day was up by N50.27bn to close at N15.48tr from an opening value of N15.4tr which also represented 0.32% gain in investors’ positions.

The session’s upturn was attributed to value gain by stocks likes of Nigerian Breweries, Guaranty Trust Bank, Stanbic IBTC, FBNH, Unilever, Flourmills and Access Bank, which impacted positively on the NSE’s Year-To-Date returns, rising to 12.70%, just as market capitalisation gain for the period improved to N1.88tr, representing 14.10% YTD growth.
All-Share index and other sectorial indexes closed higher, except for the NSE Insurance, NSE Oil/Gas, NSE Industrial and NSE AseM that closed lower for the day due to price depreciation in NEM and AXA Mansard, decline in Forte Oil and Dangote Cement. Market breadth was positive as advancers outnumbered decliners in the ratio of 30:28.

Market activities were mixed as volume was up by 112.63% to 571.81m, from previous day’s 270.33m units, while value was down by 34.48% to N3.39bn, from Wednesday’s N5.18bn.
Transaction volume for the day was boosted by oil and financial services stocks like Capital Oil, Japaul Oil, Multiverse, Zenith Bank and FBNH, which witnessed increased trading to top the activity chart.

The top performing stocks were Japaul Oil and Wapic, which gained 9.90% and 8.6% respectively to close at N0.89 and N0.63 on market sentiment, while C & I Leasing and Regency Insurance were the worst performer shedding 9.28% and 7.5% to close at N1.76 and N0.37 respectively on profit taking and market forces.

http://investdata.com.ng/2018/03/bargain-hunters-utilise-pullbacks-position-dividend-stocks-expected-financials/

INVESTDATA PRICE AND EARNINGS TRACKING FOR MARCH 9, 2019

https://investdataltd..com.ng/2018/03/investdata-price-and-earnings-tracking.html

CORPORATE ACTION FOR JANUARY 8 TO MARCH 18, 2018

http://investdataltd..com/2018/03/corporate-action-for-january-8-to-march.html

Investors Reposition For Dividend, Expected Numbers Ahead Of Earnings Season Peak


Market Update for Week Ended March 9 and Outlook for March 12-16

The nation’s equity market last week sustained its uptrend to consolidate the previous week’s positive performance on strong earnings and February inflation data expectations, as the scorecards released so far have been impressive, just as some beat investor estimates. Market reaction to these numbers have however been mixed to reveal discounting of these high payout by companies following the rally of share prices on the floor of the exchange, particularly in January.

Meanwhile, the market has continued to recover from February lows, even as the NSE’s composite All-Share index broke out the first resistance level of 43,670.57 to retest its highs of 44,062.47 from intraweek lows of 42,777.92 points before closing the period under review at 43,167.87 on a high volume traded. This reveals an increase in buying interest by market players, especially as all eyes are on the 2017 full-year corporate earnings, especially of the blue-chip stocks and ahead of the 2018 Q1 financials as well as economic reports expected to give clearer direction. We would not forget the continued delay in the passage of the 2018 budget by National Assembly. So far, there is the usual blame game, with Vice President Yemi Osinbajo discreetly blaming the legislators for the delay, while the lawmakers say some Ministers, Department and Agencies of the Federal Government have not defended their own budget, just as the majority have never audited their accounts since they were established, against the demand of the Nigerian Constitution that President Muhammadu Buhari swore to uphold and defend.

There is also the continued delay in the approval by the Senate of nominees to fill vacancies created on the board of the Central Bank of Nigeria (CBN) and its Monetary Policy Committee (MPC), which would make it unable to meet for the second consecutive time this year over lack of quorum. The legislators are miffed over the Federal Government’s insistence on keeping 56 year-old Ibrahim Magu as acting chairman of the Economic & Financial Crimes Commission (EFCC), even after the Senate failed to clear him for the second time he was presented by the Federal Government. But while the muscle flexing continues, the economy is suffering, hence the need for a political solution to the looming crisis.
Meanwhile, the mixed performance witnessed within the period under review followed the price adjustment of Nigerian Breweries, Transcorp Hotel and United Capital for their respective dividend of N3.13, N0.1245 and N0.35 as recommended by their directors. More full-year audited and quarterly earnings reports were released to the investing community last week, the results of which were mixed, with MedView and NASCON Allied Industries announcing 3 kobo and N1.50 respectively for approval by their shareholders.

As the earnings season enters its peak period at the mid-month, investors and traders are reshuffling and repositioning for dividend qualification and expected numbers before they hit the market. This has reflected on the huge volume traded so far, but investors should be very careful and go for value stocks at this point that volume is increasing while prices are still lagging. On this note set reasonable target for exit if you are a trader while investors should go high dividend paying stocks.

The composite index NSEASI for the period continue to retrace up above the psychological line 43,000 due to positive buying pressure in low and medium cap stocks in expectation of earnings reports as numbers from the consumer goods sector beating market and analysts forecast with high dividend payout, while banking stocks are suffering setback despite posting strong numbers in Q3 that reveal high possibility of good dividend payout. This situation may not be unconnected with realignments ahead of the recent CBN guideline for dividend payment by banks, the implications of which many investors are still interpreting.

Market technicals for the week were positive and strong as traded volume was huge on positive market breadth and strong selling pressure of 70% and buying volume at 30% of the week’s total transaction to continue a two-week positive market performance after the February shakeout.

The NSE ASI for the period gained 291.63 points to close at 43,167.86 points, after opening from 42,876.23 points, representing a 0.70% growth on a huge volume, which was higher than previous week’s. Similarly, market capitalisation increased by N104.8bn to close higher at N15.51tr from its opening value of N15.4tr, representing 0.70% appreciation in investors positions.
The positive sentiments in the market was maintain during the period with increased buying positions targeted at low and medium stocks, with particular attention on Access Bank, Capital Oil, Cadbury, Japaul Oil, and Zenith Bank, among others. With anticipation of more numbers, there is the high possibility of the results beating estimates to reflect the positive economic data. Last week’s gains raised the NSE’s year-to-date returns to 12.88%, even as market capitalisation growth for the period stood at N2.01tr, representing a 14.01% gain from the year’s opening value.

Low and medium cap stocks were the best performing to dominate the top advancers table. These are low price stocks with positive market sentiment and medium cap companies with high possibility of dividend payment. Transactions were driven by activities in the financial services and Oil/Gas sectors.
Market breadth was positive with advancers outweighing decliners in the ratio of 45:40 on a higher volume of trades to continue two-week bull transition.

Back home, the market was mixed for the period as the Index kicked off on a positive note with gain of 1.5% and it was sustained on the second trading day with another gain of 0.22%, but pulled back at the end of midweek trading when it shed 1.51%. There was a rebound on Thursday with 0.33% which was extended till last trading day of the week as the index notched 0.2%, bringing total gains to 0.70% as traders and investors continued to reposition ahead of the release of more earnings reports in the market.
The NSE index and all sectoral indices closed higher for the period, except the NSE AseM, NSE Banking and NSE Insurance that were lower with 1.76%, 1.08% and 0.74% respectively. Market activities in volume and value were up by 41.94% and 2.30% to 3.08bn shares worth N39.99bn from the previous week 2.17bn units valued at N39.09bn.

Japaul Oil and Consolidated Hallmark Insurance were the best performing stocks during the week, gaining 54% and 34.5% respectively to close at N0.89 and N0.39 per share, due to market sentiments for low price stock with strong potential of paying dividend in the case of Hallmark insurance, while Japual’s was due to speculations on the strength of the $350m financing deal with a foreign investor. The worst performing stocks for the period were Regency Insurance and Africa Alliance Insurance that lost 27.1% and 13.8%, closing at N0.35 and N0.31 respectively on the back of market forces.

Market Outlook
Being the mid-month, more earnings reports are expected to hit the market alongside with the February inflation data which is expected to add more positive momentum, a situation that would have positive impact on the market this new week, even as more traders and investors take position in value and dividend paying stocks, ahead of 2018 Q1 corporate earnings and economic data.
Also, expect volatility and repositioning to continue, while profit taking will reduce on the strength of expected payout and earnings surprises.
However, we would like to reiterate that investors should not panic but go for equities with intrinsic value, especially during this season when dividend payment is approaching.

We advise investors to allow numbers guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. A stock market is in cycles. You must know the cycle it, or particular stocks therein are to successfully manage your trading and investment risk. For stocks that should be on your shopping list to buy in these seasonal changes as the year unfolds, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack of the INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy, thereby ensuring that you invest and trade with knowledge. You can also access stocks analysed in the home study pack of the INVEST 2018 traders and the investors’ summit held on February 24, 2018, including the 15 stock-picks for 2018 are available now to guide your positioning as trading for the year.

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and TV set. Kindly call or send yes to 08032055467, 08028164086 or 08111811223
Meanwhile, the Investdata equity trading and investment education train moves to Port Harcourt this month in line with its resolve to encourage and enhance the return of more retail investors to the Nigerian Stock Exchange (NSE) as a veritable instrument for mobilizing savings, wealth creation and redistribution.

At the Port Harcourt edition investment summit tagged: “Power of Earnings Season For Profitable Trading and Investing” we would be simplifying stock market investing is billed for Saturday, March 17, 2018 at Emerald Hotel Limited, Rumuola. From there, it moves to Abuja on Saturday, April 14, 2018.
As the Nigerian economy continues on its recovery path, participants would learn how to trade intelligently, beginning with setting investment objectives and applying simple tools to help decision making even on impulse.

A statement by Investdata quoted Mr. Ambrose Omordion, its Chief Research Officer as saying: “The training is also to help participants appreciate the changing pattern of the Nigerian economy since its emergence from recession, its effect on company fundamentals, which calls for new strategies for profitable investing. Investors are recovering from the recent market correction due to price decline suffered by equities over the past three weeks.
“Participants will learn how to effectively combine fundamental and technical tools for profiting from the market transformation, while protecting their capital.
“As independent research analysts, InvestData Consulting Limited will also unveil simple steps for surviving any market situation profitably and how to manage profit and loss positions using simple technical analysis tools. We would also be looking at equity investment in a pre-election year and beyond.”
Participants at the Port Harcourt and Abuja legs of the summit would learn how to be among the lucky 10% who manage to consistently play the stock market profitably on their own, guided by our simple trading strategies and buy & sell signal setup.
At Investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect you portfolios and profit from market corrections in a recovering economy.

We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.
At each of the events, all our stock trading and investing materials that will enhance the knowledge of participants and boost their returns on investment will be available at a discount.
As is our tradition, at our workshop of December 9, 2017, Investdata recommended the following 16 stocks to participants:

African Prudential Plc
Dangote Flour Mills Plc
Dangote Sugar Refinery Plc
Fidson Healthcare Plc
Fidelity Bank Plc
FBN Holdings Plc
Eterna Plc
Access Bank Plc
Dangote Cement Plc
Flour Mills of Nigeria Plc
Honeywell Flour Mills Plc
Presco Plc
Okomu Oil Palm Plc
Total Nigeria Plc
Unilever Nigeria Plc
Zenith Bank Plc

“An analysis of the stocks after four months and one week since December 9 when the summit in Lagos shows that Dangote Flour for example has returned 42.11% from N11.40 each to N16.20. This was after it touched a peak of N17.81 within the period, representing a 56.22% ROI; followed by Eterna, which chalked 35.63%, after its share price climbed from N4.35 on Friday, December 9, 2017, to N5.90 each, just as it recorded a high of 60% returns. FBN Holdings, another of the recommended stock climbed 26.39% from N9.02 per share to close at N11.40 on March 2, 2018, hitting a high of N15.16 each, or 68.07%; while Honeywell Flour notched 23.18%, after closing at N2.71 from N2.20 per share and attaining a price of N3.69, or 67.72% for investors and traders who exited at that price,” Omordion explained.

Also, he added that investors who followed Investdata’s advice to position in African Prudential have gained 22.36% from N3.98 per share at the beginning of the period to N4.87, attaining a 30.65% height within the period; just as investors in Unilever Nigeria creamed 23.89%, which makes it the stock that is closed to its peak during the period. Fidelity Bank’s shares have within the period appreciated by 12.45% to N2.80, but rose as high as N4.33 each, representing 73.89% RoI; while Fidson Healthcare returned 23.68% to close at N4.70, after reaching N5.05 per share, representing RoI of 32.89%; among others.

Two stocks in the pack however underperformed slightly, with Okomu Oil Palm lost 4%, opening for the period at N75.00 and falling to N72.00 per share, after attaining a height of N75.75; just as Flour Mills of Nigeria shed 4% from N35.00 to N33.60; after rising to N37.35 each.
That means a basket built around the above stocks has within the period, without doubt, yielded bountiful returns.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
http://investdata.com.ng/2018/03/investors-reposition-dividend-expected-numbers-ahead-earnings-season-peak/

POWER OF EARNINGS SEASON FOR PROFITABLE TRADING AND INVESTING

At the Port Harcourt edition investment summit tagged: “Power of Earnings Season For Profitable Trading and Investing” we would be simplifying stock market investing is billed for Saturday;

Date: March 17, 2018
Venue: Emerald Hotel Limited, Rumuola, Port Harcourt
Time: 9:00am -5:pm

From there, it moves to Abuja on Saturday.
As the Nigerian economy continues on its recovery path, participants would learn how to trade intelligently, beginning with setting investment objectives and applying simple tools to help decision making even on impulse.

A statement by Investdata quoted Mr. Ambrose Omordion, its Chief Research Officer as saying: “The training is also to help participants appreciate the changing pattern of the Nigerian economy since its emergence from recession, its effect on company fundamentals, which calls for new strategies for profitable investing. Investors are recovering from the recent market correction due to price decline suffered by equities over the past three weeks.

“Participants will learn how to effectively combine fundamental and technical tools for profiting from the market transformation, while protecting their capital.
“As independent research analysts, InvestData Consulting Limited will also unveil simple steps for surviving any market situation profitably and how to manage profit and loss positions using simple technical analysis tools. We would also be looking at equity investment in a pre-election year and beyond.”

Participants at the Port Harcourt and Abuja legs of the summit would learn how to be among the lucky 10% who manage to consistently play the stock market profitably on their own, guided by our simple trading strategies and buy & sell signal setup.
At Investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect you portfolios and profit from market corrections in a recovering economy.

We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.
At each of the events, all our stock trading and investing materials that will enhance the knowledge of participants and boost their returns on investment will be available at a discount.
As is our tradition, at our workshop of December 9, 2017, Investdata recommended the following 16 stocks to participants:

African Prudential Plc
Dangote Flour Mills Plc
Dangote Sugar Refinery Plc
Fidson Healthcare Plc
Fidelity Bank Plc
FBN Holdings Plc
Eterna Plc
Access Bank Plc
Dangote Cement Plc
Flour Mills of Nigeria Plc
Honeywell Flour Mills Plc
Presco Plc
Okomu Oil Palm Plc
Total Nigeria Plc
Unilever Nigeria Plc
Zenith Bank Plc

“An analysis of the stocks after four months and one week since December 9 when the summit in Lagos shows that Dangote Flour for example has returned 42.11% from N11.40 each to N16.20. This was after it touched a peak of N17.81 within the period, representing a 56.22% ROI; followed by Eterna, which chalked 35.63%, after its share price climbed from N4.35 on Friday, December 9, 2017, to N5.90 each, just as it recorded a high of 60% returns. FBN Holdings, another of the recommended stock climbed 26.39% from N9.02 per share to close at N11.40 on March 2, 2018, hitting a high of N15.16 each, or 68.07%; while Honeywell Flour notched 23.18%, after closing at N2.71 from N2.20 per share and attaining a price of N3.69, or 67.72% for investors and traders who exited at that price,” Omordion explained.

Also, he added that investors who followed Investdata’s advice to position in African Prudential have gained 22.36% from N3.98 per share at the beginning of the period to N4.87, attaining a 30.65% height within the period; just as investors in Unilever Nigeria creamed 23.89%, which makes it the stock that is closed to its peak during the period. Fidelity Bank’s shares have within the period appreciated by 12.45% to N2.80, but rose as high as N4.33 each, representing 73.89% RoI; while Fidson Healthcare returned 23.68% to close at N4.70, after reaching N5.05 per share, representing RoI of 32.89%; among others.

Two stocks in the pack however underperformed slightly, with Okomu Oil Palm lost 4%, opening for the period at N75.00 and falling to N72.00 per share, after attaining a height of N75.75; just as Flour Mills of Nigeria shed 4% from N35.00 to N33.60; after rising to N37.35 each.
That means a basket built around the above stocks has within the period, without doubt, yielded bountiful returns.

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 0803205546
https://investdataltd..com.ng/2018/03/power-of-earnings-season-for-profitable.html