The 8 Most Powerful Sales Voicemail Strategies

Voicemails are common sales tools found within a company’s operations to ensure that leads turn into actual opportunities. Contrary to what most say, voicemails are thriving tools used by most sales teams, and its benefits, once exploited, will prove beneficial to the sales process. It is one thing to use voicemails in your sales process, but it’s another to optimize its potential. On the surface, the usage of voicemails might seem like a piece of cake, but some, if not most, members of the sales force tend to misuse it, thus losing its effectiveness. Here are common voicemail usage problems:

First, the error might lie within your sales reps. At times, reps, when unprepared, might end up blurting out pitches that clients wouldn’t even bother listening to. Often, reps who commit this mistake find themselves pondering on why they don’t receive return calls from clients. A remedy for this would be to create standard sales pitch for all your reps. Ensure that their spiels are uttered in a natural tone, or else, it might come off as robotic and insincere. Obviously rehearsed voicemail scripts easily turn off clients, and would defeat the purpose of even having one.

Second, reps tend to overlook one important aspect of sending voicemails: stating a clear objective. A sound reason for why one is sending a certain voicemail is the best foundation for an effective pitch. Voicemails with vague goals are often dismissed by clients who have no time deciphering the message you hope to send across.

Here are objectives for every voicemail you send to your clients listed by IA Magazine:

The Initial Voicemail
The ultimate goal, of course, is to get a call back from your prospects
Next goal would be the desire to advance the sales call. Spark your client’s interest regarding your product
Ensure that you have locked in the client, and that they would surely take the next call from you.
Veer away from the typical phrases used by most reps
The Follow-Up Voicemail
Now you’ve got the client interested, take it to the next level. Feed your prospect with more information regarding your product
Always be cautious to refine your eagerness to sell your product. This isn’t a powerpoint presentation to the client, it’s a dialogue. Have a conversation, don’t deliver a strict sales pitch.
Another problem that renders voicemails ineffective are the many pauses, filler words, and speech buckles in a sales rep’s spiel. Not only does this turn off the person on the other end of the line, but it also depreciates the value of the company you work for. These mishaps in sales reps’ speech is caused by various factors.

Insufficient product knowledge
Lack of personable skills
Constant self-doubt
Lastly, probably the main reason why prospects never call reps back is because they never even gave their clients a compelling reason to do so. A voicemail that seeks to get a follow-up should be three things: enticing, exciting, and enthusiastic. These three things, when injected in your sales pitches will add color to an, otherwise, dull voicemail.

Sales Voicemail Strategies
1. Nothing More Than 30 Seconds

Salesforce notes that the best voicemail message usually lasts for no longer than 30 seconds. The best way to ensure that you don’t go beyond the time is to practice at home; or even while at the office, with a stopwatch. Keep trimming your spiel until you reach any time below 30 seconds. Within this time limit you’ve set for yourself, you will have to include vital information like: a catchy opening line; and a closing line where you restate your name and your company, with a main line of contact where the client can reach you.

2. Never Mention Previous Unreturned Calls

Tried calling a lead for more than three times? That’s okay. Just don’t mention that when the opportunity for you to introduce yourself comes. Never bring back the ghosts of the past. It’s just a waste of the 30 second limit you’ve set for yourself. And quite honestly, you’re client wouldn’t even bother listening to a voicemail with you just blabbering about how they didn’t return your previous calls.

3. Keep The Volume of Information to a Minimum

Ring.Iq’s tip for sending the best sales voicemail is to entice your prospective client with only bits of information. Lure them in with bits of information, and keep them wanting more and more, pretty much like how film teasers work. This would also work to your benefit, as you would have more to say for the next few follow-up calls you make to them.

4. Pick the Perfect Time to Leave Your Voicemail

As tedious as it may sound, it also helps to study your prospects working cycle—the hours when they’re at their busiest, and their down times. Time your voicemails at the points when they would have the luxury to actually listen and think about your voicemail. Best times to leave your voicemails would either be as soon as they get to the office in the morning; or in the evening at the hours close to the end of their shifts.

5. Inject a Sense of Immediacy

This tip is quite tricky, and requires a touch of humility in the part of the rep. Fabricate timeframes for you and your prospect to work around with. In your fictional timeframe, State a specific time in which you expect a return call from them, or a time when you’d be calling them for a follow-up. Just in case they don’t return your call, you’ll always have the “follow-up time” you’ve set as your excuse to call them again.

6. Always Espouse Confidence

There is no place for nerves when sending voicemails. Always be sure of what you say, and be aware of your tone. The tone of your voice shouldn’t be too confident that it sounds arrogant, and should not be too monotonous that it sounds rehearsed and robotic.

7. Leave One Contact Email

Always make sure that you leave one contact detail, preferably either the mobile number or the e-mail address you use for work. Insert this in the closing line of your initial voicemail to ensure a return call from your prospect.

8. Find a Connection Between Yourself and the Client

Exercise your PR skills and try to personalize your messages with injecting information that assimilate you with your prospect. Don’t force it, but if by any chance you have a certain professional connection with your client don’t hesitate to include that in your voicemail.

Technology has helped shape voicemails into integral parts of the sales process. Previously, this method of tapping prospects halted at just plain verbal follow-up messages; but now, it has developed into visual voicemail programs. This new form allows your sales staff to automatically send text messages to your potential clients’ mobile phones as the technology transcribes the initial voicemail you leave them.

It is important to take advantage of such advancements to ensure the consistency of the sales process. Combine this progressive approach with the strategies this article has laid out for you, and this will ensure a positive development in your efficiency as a member of the sales force. Keep in mind that all these tips are nothing unless you put it into actual use

https://www.tenfold.com/sales-coaching/8-most-powerful-sales-voicemail-strategies

IT Consulting Support is Essential For Your Business

It goes without saying that any business wanting to stay competitive must maximize its technological capabilities. They must do this cost-effectively and, quite often, with minimal direct information technology (IT) experience. Unlike their larger counterparts, maintaining a full-time IT department is unrealistic for most small and medium-size businesses. The costs are too high, the efficiency too impractical, and the time required unreasonable.

The answer to this challenge is professional consulting business IT support services. Consultants offer on-demand talent, plentiful resources, vast experience, and tremendous economies of scale that can provide smaller organizations with peace of mind. By hiring a consultant and other business IT support, companies have access to deeper levels of expertise that can be offered by in-house, long-term employees.

Unsure if a company should consider business IT consulting? Let’s take a look at why companies really can’t afford to be without this service.

What is Business IT Support?
A consultant’s primary purpose is to assist an organization with attaining and maintaining its goals. An IT consultant advises businesses on how best to use their information technology to reach their desired outcomes. They are also available to help companies overcome their IT-related issues, such as testing software for problems and troubleshooting technical hitches.

When hiring for business IT services, companies can expect assistance in the following ways:

identifying software, hardware, and network requirements;
conducting training for users and other consultants;
independent and objective advice on the use of IT;
designing, testing, installing and monitoring new systems;
purchasing systems as needed;
other associated tasks.
Signs That It’s Time to Hire a Consultant
Before delving into the specifics about why it makes sense to hire a consultant, here are some signs that a business is in need of one:

The current IT tech also has a job within the company that isn’t related to tech at all;
In-house resources simply aren’t available;
A fresh perspective or unbiased view is needed;
The company isn’t quite ready to hire a regular IT staff member;
The budget needs to be reigned in or more tightly controlled;
The business needs ongoing, on-call IT support.
Why Pay for Business IT Solutions?
Every company chooses to hire an IT consultant for its own reasons. For many businesses, it’s a matter of recognizing that not having technological advancements and support is holding the company back—but there’s more to it than that. Hiring an on-call, ongoing IT business solutions consultant can have measurable benefits, like:

Saving money
Many people mistakenly think that hiring a consultant is an expensive venture. Instead, consider that by employing an on-demand employee, a company is only paying for hours worked. With a regular staff member, a company must pay for continuous hours regardless of the level of productivity.

Hiring an IT consultant can save money in other areas, too. Since an IT consultant is not a regular employee, companies aren’t strapped into providing vacation days, health insurance, retirement funds, or training. Moreover, companies can agree on a fixed cost before service begins and then budget accordingly.

Improving productivity
Technology can substantially improve productivity. It can enable communication between departments, enforce collaborative working, and bring about shared knowledge that sparks innovation. However, to do so, it takes broadband connectivity, email communications, file servers, networks, shared databases, mobile platforms, and an assortment of other technological components. To make all those pieces run smoothly and reliably, companies need someone who can manage them with precision. After all, a system’s benefits can only be realized when the technology is properly planned, implemented, and maintained.

Regaining time
All too often, when companies rely on regular employees to engage in IT work, the results are frustrating and sub-par. Hours can be lost to ineffective training sessions, not to mention time spent trying to maintain the delicate balance of normal work functions and those dedicated to tech issues. When hiring an IT consultant, companies gain someone who is knowledgeable and skilled to come up with effective solutions. That way, employees can focus on the areas of their expertise.

Planning for future growth
Any business wants to succeed and thrive in the long-term. Yet how many of them know where that future growth will come from or how to manage it if and when it comes? Employing the services of an IT consulting professional can help guide a business toward the answers to such questions. Highly skilled IT consultants can serve in a variety of different capacities, including chief financial officer and project manager. By doing so, executives can focus on long-term strategic planning.

Good resource management
Back when technology consisted of a dial-up modem and cordless phone, it was reasonable to expect other employees to pick up extra tasks related to technology whether they were sufficiently tech-savvy or not. With the enormous technological dependence companies have now, however, expecting non-tech employees to pick up the slack more often than not results in unnecessary stress and wasted time. It also leads to disgruntled employees, and in many instances, jeopardized privacy and security.

Specialized skills
Due to the technological expertise needed to implement and maintain complicated business IT solutions, it can be challenging to find someone talented enough to handle the complex needs of an individual organization. Hiring an IT consultant allows businesses to pick and choose people with expertise in the desired areas without taking a gamble on a generalist.

When hiring an IT consultant, a business is hiring a subject matter expert in the field. Gleaning insight from their skill set, knowledge, and experience can prove to be invaluable. It can also provide the much-needed push to tackle projects that have been set aside due to more pressing issues. Professional technology service providers offer access to a team of IT specialists that give cross-sectional IT support. By doing so, companies have the ability to reach ongoing and as-needed services.

Rising Above the Competition
Maintaining the status quo serves a purpose. That is, it maintains a certain level of competence and familiarity. However, such complacency doesn’t breed innovation. By hiring an IT consultant, businesses have access to someone who keeps up with the latest technologies through continuous training and real world application. They can learn from a professional who knows how to implement the most recent software, hardware, and network applications available. Likewise, such businesses can learn what technologies are not worth their time or financial investment.

By hiring an on-demand subject matter expert, companies can make swift adjustments to accommodate the latest technology. This provides a distinct competitive advantage and also allows executives to respond promptly to potential competitive threats.

Extent of experience
Unlike a business owner who has experience with very few organizations, IT and technology consultants have experience working with a variety of organizations in a variety of capacities. This affords them tremendous knowledge and insight that can be very valuable in both the short- and long-term. A solid IT consulting firm has experience working with different levels of management, meeting the needs of differing stakeholders, and managing projects that vary in size and scope. With this outside expertise, a company can also overcome resistance to change from their own workforce.

https://www.tenfold.com/business/consulting-support-essential-business

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Investdata Daily Sentiment Reports

NSEASI buy � volume index 1.44 MFI 26.90
Access buy 50% sell 50% volume index 1.48 MFI 36.23
Aiico buy 50% sell 50% MFI 59.04
CIleasing buy 0% MFI 94.50
Dangote sugar buy � MFI 75.16
Diamond buy 0% MFI 39.06
Eterna buy 0% volume index 3.13 MFI 88.69
Fbnh buy 0% volume index 0.70 MFI 28.27
Fcmb buy 0% MFI 30.97
Fidelity buy 0% MFI 66.66
GT buy � MFI 24.94
Hony flour buy 71% sell 29% volume index 0.78 MFI 30.20
Jaiz buy � MFI 61.51
Lasaco buy � MFI 26.79
Learn buy 83% sell 17% volume index 4.06 MFI 41.81
M&B buy 0% volume index 0.76 MFI 26.81
Mben buy � volume index 0.71 MFI 89.85
Oando buy 50% sell 50% MFI 29.75
Prestige buy � MFI 54.97
Regalins buy � volume index 1.11 MFI 34.14
Skye buy 75% sell 25% MFI 38.05
Sterling buy � MFI 55.70
Transcorp buy 67% sell 33% volume index 0.92 MFI 39.23
Uba buy 67% sell 33% volume index 8.64 MFI 50.38
Ubn buy 80% sell 20% volume index 4.96 MFI 76.81
Wema buy 0% MFI 94.80
Zenith buy 43% sell 57% volume index 1.41 MFI 36.19

http://investdataltd..com/2018/07/investdata-daily-sentiment-reports_6.html

How to Find Solid Buy-and-Hold Stocks

You often hear more of Stock Trading and Technical Analysis than HOLDS or Long-term Investment. Basically capital markets are meant for long-term financing of projects by corporate organizations, Governments and Structured Associations/Organizations. It thrives on profit-sharing by way of dividend payouts and interest yields in the case of Bonds and Preference Shares.

However, in the process, like every economic activity you have the 'hawks'. The impatient ones who looks for the greener pastures and flee to safety with their profits at the turn of events. Ironically it's these same people that makes the markets very interesting. They bring liquidity to bear on the market and makes the investment business very interesting. However, the real returns still lies in Long-term Investment that involves less efforts and gives peace of mind. However, you need to be properly guided to make the right selections.

Successful long-term trading — investing with the intention of holding a security for one year or more — means paying attention to the big picture, even when a grim, short-term outlook sends investors running for the exits. In other words, buy-and-hold investing requires focus, patience and most importantly, discipline. In order to succeed, investors must avoid getting caught up in violent market swings or other short-term influences, and invest in stocks that they feel comfortable holding for the long term.

Let's take a look at how to find these stocks using both fundamental and contrarian indicators.

Use Three Fundamental Indicators
Fundamental indicators are among the key tools used in long-term trading.

Fundamental analysis is one way to determine whether a stock is undervalued or overvalued. It involves looking at a company's earnings, cash flow and other financial benchmarks in relation to its industry and to the overall stock market, its historic growth and future growth potential, among other factors.

Many good indicators can help you determine whether a stock is a good long-term buy. These include:

Price/Earnings Ratio (P/E)
A price/earnings (P/E) ratio is calculated by dividing the price of the stock by the earnings per share (EPS). A company that has a higher P/E ratio compared to its competitors or the industry could mean that investors are paying more for every dollar of earnings, which suggests that the stock is overvalued. A lower number compared to the company's competitors or industry might signal that the stock is undervalued.

For example, if ABC company has a P/E ratio of 8 while the industry has a P/E ratio of 12, this suggests that ABC's stock is relatively less expensive compared to its earnings. Conversely, if DEF is trading at a P/E ratio of 15 while the industry has a P/E ratio of 11, this would indicate that DEF investors are paying more for every dollar of earnings.

However, these numbers should be considered along with other factors. Some companies or industries that are growing rapidly, for example, will tend to have higher P/E ratios due to their higher growth rates. Similarly, during times when the economy is expanding, a high P/E ratio may be acceptable for some types of stocks, particularly those in high-growth industries such as technology. When earnings are contracting, however, a high P/E ratio could signal an overvalued stock.

Book Value
The book value is another way to determine whether a stock is either over- or underpriced. Basically, book value represents what a company would be worth if it stopped doing business tomorrow and were liquidated. The price-to-book ratio is calculated by dividing the current price of the stock by the latest quarter's book value per share. If a stock is selling far below its book value per share, it might be undervalued. Conversely, a stock priced above its book value could be overpriced.

For example, if HIG has book value of $20.93 and is trading at $10, the stock could be undervalued. However, if QRS has a book value of $30.95 and the stock is trading at $64, this may signal that the stock is overvalued.

As with any fundamental indicator, book value must be considered in conjunction with other indicators.

It is also more meaningful when used to analyze stocks in certain industries compared to others. As an example, the stock of a rapidly growing company could trade well above book value and still represent a good buy in some industries.

Cash Flow vs. Debt
Cash flow is the amount of money that is moving in and out of a business. Operating cash flow is revenue less operating expenses, including adjustments to net income. Cash flow is a good indicator of a company's financial health because it is more difficult for companies to manipulate than earnings. As such, some investors prefer it as an analytical tool.

Debt is the total amount that is owed by a company, including bonds and outstanding loans. While debt can finance growth during times of prosperity, it can also become a burden if a company is having financial difficulties. A company's debt obligations should be manageable in relation to its cash flow.

https://investdataltd..com/2018/07/how-to-find-solid-buy-and-hold-stocks.html

TECHNICAL RALLY

This is a rally in a given security's price within a general declining trend, such a rally may occur because investors/traders are bargain hunting on the security or because analysts have noticed a particular support level at which the security usually rises.

Technical rally can result at various points throughout a chart's pattern. Other common situations where a technical rally may occur include a rounding top, double rounding top or head and shoulders pattern etc.

A technical rally is an opportunity for short-term investors/traders to make a profit, though a technical rally is one that is temporary and it is highly contingent on moment to moment price movements. Based on this, it is important for long-term investors to recognize the difference between a technical rally and a long-term trend that actually reflects a company's fundamental value.

Investdata Academy
https://investdataltd..com/2018/07/technical-rally.html

Oil Refining To Overtake Cement As Dangote Group’s Biggest Asset By 2019


Dangote Group, owned by Africa’s richest man, Alhaji Aliko Dangote, says its ongoing oil refinery, the world’s single largest, will account for half of its assets when completed next year.

In a chat with Reuters, Dangote Group’s Executive Director, Devakumar Edwin, said the $10bn 650,000 barrels per day capacity refinery billed for completion in December 2019, underscoring the scale of the bet being made by Africa’s richest man on the Nigerian oil and gas.

“As of today, cement is the biggest (part of the group). By 2020, the refinery will be the biggest (by assets),” he told Reuters in an interview at the site in the Lekki district of southwestern Lagos.

Before now, Dangote built his fortune on cement, flour milling, agriculture and real estate, just as the oil refinery is expanding into fertiliser, aiming to address long-standing problems in Nigeria’s energy markets.

Dangote hopes to meet Nigeria’s fuel needs and help save huge foreign exchange spent on products import due to poor maintenance of its four state-owned refineries, at a time most families and businesses rely heavily on generating set for power supply.

Dangote Cement, Nigeria’s biggest listed company, has attracted investment from Dubai and South African sovereign funds.

“Our primary focus is Nigeria, to meet the entire local demand, but we have the capacity to export more than 50 percent of what we produce, so the secondary focus will be on western Africa and central Africa,” he said.

Edwin said the company had held talks with firms including Vitol and Shell over the supply of crude and lifting of petroleum products for sale abroad, as it will be able to process different grades of crude including shale oil.

The company is borrowing $3.3bn for the project, arranged by Standard Chartered Bank, while the remainder will be funded by equity and through export agencies, Edwin added.

Dangote has also acquired two oil fields in Nigeria from Shell to help supply the refinery.

Edwin said the first phase of the 1.5 million tonne capacity fertiliser plant, on the same Lagos state site, would be completed in September and start operating in December. The second line, also 1.5 million tonnes, will start four months later, he added.

The refinery and petrochemical complex located on 25,000 hectares of swampy land includes a jetty to ferry products by sea within Nigeria and abroad and an undersea pipeline to transport gas.

Dangote will consider listing the oil refinery once it comes onstream, Edwin added.

He said that would follow a planned listing of the cement company in London next year after elections in Nigeria. That listing has been mooted for a number of years.

Plans have been delayed to enable the company to meet requirements for the listing, which Edwin said had been completed. He said the listing could help it fund acquisitions overseas.

https://investdata.com.ng/2018/07/oil-refining-overtake-cement-dangote-groups-biggest-asset-2019/#more

NSE Suspends Trading In Shares Of RT Briscoe, 7 Insurers


The Nigerian Stock Exchange (NSE), on Thursday announced the immediate suspension of trading in the shares of eight companies, including R.T. Briscoe and seven insurance and related companies.

In a notice to dealing members, the NSE said the action followed the failure of the affected companies to file their financial reports in line with the post-listing Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (Default Filing Rules).

The rule provides that; “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will:

The affected companies include are: R.T. Briscoe, African Alliance Insurance, Cornerstone Insurance, Royal Exchange, STACO Insurance, Standard Alliance Insurance, Universal Insurance Company and Veritas Kapital Assurance.

All eight were suspended and the Securities & Exchange Commission (SEC) informed, after being sent a “Second Filing Deficiency Notification” within two business days after the end of the “Cure Period.”

The NSE added that in accordance with the rules, the suspension “will only be lifted upon the submission of the relevant accounts and provided (and); the Exchange is satisfied that the accounts comply with all applicable rules of The Exchange. This is for your information.”

Recall that on May 30, 2018, the management of Veritas Kapital Assurance, notified its stakeholders of its failure to issue an audited financial statement within extended due date as approved by the NSE.

The financial statement, it added, “is undergoing review of the external auditors and the verge of completion,” which will be followed its submission to the National Insurance Commission (NAICOM), before being sent to the NSE and SEC.

It was anticipated that the financials would be submitted on, or before June 30, 2018, a date that has passed, hence the NSE hammer.

Similarly, Staco Assurance, through Tayo Ajibulu, its executive director, while apologizing in an April 5, 2018 letter to the bourse, it said the 2017 financials had been audited, preparatory to being presented to SEC, while promising to submit it latest by April 30, one month after the 90-day March 31, regulatory window for submission of full-year audited financials given companies with December 31, year-end. However, it never did, obviously.

On its part, directors of Royal Exchange Plc noted that its new status as a holding company with five different subsidiaries as resulted in a situation where the audit exercise for the group is yet to be consolidated and concluded.

The sore thumb, it continued, in a notice by Sheila Ezeuko, the company secretary, is the insurance subsidiary, Royal Exchange Prudential Life Plc, which is yet to receive regulatory approval.

She expressed optimism that the audited financial statements would be submitted to the NSE on, or before May 30, 2018.

Also, in a press release to the exchange, Standard Alliance Insurance, while regretting that it may not be able to submit its 2017 audited result within the regulatory timeframe, blamed the delay on “the recently concluded merger exercise with Standard Alliance Life Assurance Limited which requires an enhanced disclosure of information in the 2017 audited account.

It asked for forbearance until April 30, 2018.

PAC Solicitors, in a letter to the bourse on behalf of Cornerstone Insurance, dated April 5, 2018, asked for extension until May 31 timeframe, blaming unforeseen the delay in concluding the audit process within the stipulated time.”

https://investdata.com.ng/2018/07/nse-suspends-trading-shares-rt-briscoe-7-insurers/#more

RELATIONSHIPS BETWEEN CAPITAL EXPENDITURES OPERATIONAL EXPENDITURES AND REVENUE EXPENSES

Capital expenditure is the amount a company spent to acquire or upgrade productive assets such as buildings, machinery and equipment, vehicles etc in order to increase the efficiency of a company for more than one accounting period. Companies often use debt financing or equity financing to cover the substantial costs involved in acquiring the assets mentioned above for expanding businesses.They are considered an investment in a company to boost its earnings,as a result they are recorded as an asset on a company's balance sheet.

Operational expenditures are costs that a company incurs as part of its regular course of business; they are not depreciated and must be recorded as expenses for the year in which they are incurred.
Revenue expenses are like operational expenditures in the sense that they are short-term expenses used to meet the usual needs of running a business, therefore they are listed with its liabilities.

Investdata Academy
http://investdataltd..com/2018/07/relationships-between-capital.html

Reversal Imminent As Investors Seek Signs Of Market Bottom On NGSE

Market Update for July 4, 2018
It looks like the bear dominance in the last three trading sessions is slowing down on improved positive sentiments attributed to low price attraction as bargain hunters take advantage of the current situation in the market to strategically position for the expected Q2 numbers, economic data and implementation of the budget. This is considering the approval of N13.45bn and N11.72bn by the Federal Executive Council for exploration and construction of roads to the new Niger bridge ahead in the eastern part of Nigeria.

The midweek trading session opened on a gap downside in the morning which lasted till midday before retracing marginally up by afternoon as buying sentiment for high and medium cap stocks looked up after touching intraday lows of 37,445.76 basis points from highs of 37,611.68bps. It finally closed the day at 37,499.07 points to remain under the 20-Day Moving Average and bearish channel.

The market at this point looks good to position for medium and long term, however, many investors are waiting to identify the bottom before jumping in, which may trigger reversal any moment from now.

Market technicals at the end of midweek’s trading were negative and mixed as traded volume was high in the midst of negative market breadth and improved sentiments, as revealed by Investdata’s Daily Sentiment Report showing a ‘sell’ pressure of 68% and ‘buy’ volume of 32% on a volume index of 1.13 of the day’s total transactions.

Despite the seemingly improved sentiment, energy behind the market’s performance weaked further, as reflected on the money flow index at 16.14 points from the previous day’s 22.26 points, an indication that funds are still leaving the market.

Index and Market Cap

The All Share index at end of midweek trading shed 105.05bps, closing at 37,499.07bps, after opening at 37,66.23bps, representing a 0.28% decline on a high volume that was higher than the previous day’s. Similarly, market capitalisation dropped by N38.42bn to close N13.58tr from an opening value of N13.62tr representing 0.28% value loss.

If you are hunting for the right stocks to buy on this oscillating trend, join Investdata Buy & Sell Signal setup. We have a watchlist of stocks for different investment purposes that you may position in, as the market sets for another phrase of recovery. To register and become a member send Yes or stocks to the phones numbers below. Our watch list has increased due to the prolonged correction before now, take advantage of this service to buy right and sell right.

The downturn recorded on Wednesday was due to losses suffered across board, like Forte Oil, Unilever, UBN, NB, Guinness, Lafarge Africaa, Access Bank and Dangote Sugar. These impacted negatively on the NSE’s Year-to-Date return, pushing it further down to 1.95%, while market capitalisation loss for the period stood at N25.41 billion, a 0.19% rise below the year’s opening value, on the impact of selloffs. .

Bearish Sector Performance

Sectorial performance remained bearish for the day, except for the NSE Banking that was slightly up, while the NSE Insurance, Oil/Gas, Industrial and Consumer goods were down. Market breadth was negative as decliners outnumbered advancers in the ratio of 24:21 to continue its three day down market.

Market activities were up in volume and value by 96.49% and 18.08% respectively at 505.6mshares worth N3.13bn, from the previous day’s 257.39m units valued at N2.65bn. The day’s volume was boosted by trading in financial services, industrial, transport stocks like Multiverse, Nacho, Guaranty Trust Bank, Access Bank and FCMB that witnessed increased trading to top the activity chart.

The best performing stocks for the day were May & Baker and FCMB that topped the advancers’ table, with 9.76% and 9.62% respectively to close at N2.25and N2.28 each, due to market force and low-price attraction.

On the flip side, Mcnihols and Forte Oll were the worst performing, losing 10.00% each to close at N0.81 and N26.10 on market forces

Market Outlook

We expect the sell-offs to slowdown as lower prices attracts new positioning ,while volatility continue ahead of Q2 earnings season since equities remain undervalued with higher yields. Investors should review their position in line with their investment goals and take action as events as it unfolds in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were less earnings are released ahead of march full year earnings release and Q2 interim dividend payment are expected in the market arena very soon.

We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2018/07/reversal-imminent-investors-seek-signs-market-bottom-ngse/#more

TECHNICAL RALLY

This is a rally in a given security's price within a general declining trend, such a rally may occur because investors/traders are bargain hunting on the security or because analysts have noticed a particular support level at which the security usually rises.

Technical rally can result at various points throughout a chart's pattern. Other common situations where a technical rally may occur include a rounding top, double rounding top or head and shoulders pattern etc.

A technical rally is an opportunity for short-term investors/traders to make a profit, though a technical rally is one that is temporary and it is highly contingent on moment to moment price movements. Based on this, it is important for long-term investors to recognize the difference between a technical rally and a long-term trend that actually reflects a company's fundamental value.

Investdata Academy
https://investdataltd..com/2018/07/technical-rally.html

18 Things You Need To Give Up To Become A High-Achieving Person
Brianna Wiest, CONTRIBUTOR
Mar 20, 20189:59 AM169,399

Unsplash
Success is just as much about what we give up as it is what [+]
A secret about success is that it is just as much about what you give up as what you gain.

Are you willing to give up late nights out for late nights in working? Are you willing to turn a deaf ear to blind criticisms? Are you willing to listen to helpful ones? Are you going to be able to give up the doubt, the resistance, the uncertainty, the avoidance mechanisms? As Mastin Kipp says: Are you willing to live as other people won’t, so maybe you can live as other people can’t?



High achieving people understand that the foundation of life is the white space – and that because our energy is limited each day, what we spend it on will define us in the future.

1. The fear of uncertainty.

Nothing in life is certain. There are no guarantees, ever. Building your own business or embarking on a side project or trying a whole new career doesn’t mean you’re diverting from the path of certainty and into a life of the reckless unknown. It means you recognize that certainty is largely an illusion, and clinging to it can ultimately hold you back.



2. Ignoring your feelings.

Your anger? It’s telling you where you feel powerless. Your anxiety? It’s telling you that something in your life is off balance. Your fear? It’s telling you what you care about. Your apathy? It’s telling you where you’re overextended and burnt out. Your feelings aren’t random, they are messengers. And if you want to get anywhere, you need to be able to let them speak to you, and tell you what you really need.

3. Pretending your problems don’t exist.

Make a spreadsheet of your debt. Write a list of the habits you know are detrimental to your health and reflect on what discomfort they help you to avoid. Think about the people you owe apologies to. Envision what it would take to transform your life. Be honest with yourself. Sticking your head in the sand is actively making things worse.



4. Avoiding discomfort.

All of the “bad habits” that are holding you back from your potential you adapted to as coping mechanisms, and what you were trying to do is avoid discomfort. Most people build their lives around just doing what makes them feel most at ease without realizing that trying to avoid inevitable feelings is the fast track to complacency and actually facilitates deep, prolonged anxiety.

5. Your most unhealthy habits.

Real success is a holistic thing, and it isn’t going to happen when you feel like crap all the time. It’s unrealistic to assume you’ll never have a glass of wine again, so rather than trying to eliminate everything that isn’t perfectly healthy for you, identify your worst habits and work on those while allowing yourself other vices here and there. It’s not about achieving perfection, it’s just about facilitating your health so that you can get out of your own way.

6. A victim mentality.

Your backstory will not define your life. Your current circumstances will not define your life. The only thing that defines your life is what you choose to do in response to them. Everyone has a story of struggle to share – some people define themselves by it, others act in spite of it. Your past will only be your future if you carry it there.

7. Your excuses.

It’s okay to want to explain why you aren’t where you want to be. But you also have to realize that justifying it won’t get you there any faster. In life, you either do or you don’t. You either waste time placating yourself into stagnancy, or you get honest about where you are and make change. The validity of your excuses only serves to make you temporarily feel better about why you aren’t doing what you know you want and need to be.



8. Learned helplessness.

Learned helplessness is when people have faced so many challenges in their lives that they begin to believe they are powerless in the face of their external circumstances, and therefore, they just stop trying to change them. Re-learning that you are in control of more of your life than you’re not is imperative to moving it forward.

9. Defending your problems.

If someone offers you advice on how to change a problem that you’ve been complaining about for a while, do you consider it, or do you respond with an excuse as to why they don’t understand, why it won’t work, or why you are ultimately helpless? If so, consider why you are defending your problems more than you are your potential. This is a symptom of learned helplessness (see above).

10. Distractions.

Everything that isn’t helping you move forward or build a life you’re proud of is simply a distraction. Whether this means streamlining your wardrobe, decluttering your home, parsing down on your project load, or even downsizing your social obligations, eliminating distractions is absolutely essential.

11. The need to be liked.

Nobody is universally liked, largely for reasons that have absolutely nothing to do with them. You are going to be liked by some, loved by others, criticized by a handful, and disliked by a few basically regardless of what you choose to do with your life. Therefore, it makes the most sense to do what you want regardless of how other people will respond.



12. Trying to do everything yourself.

You are not meant to take on every role, job and responsibility in your life. High achieving people don’t inundate themselves with work, they hire the right people, streamline and surround themselves with experts who can handle what they are not best equipped to. You are not stronger for refusing to rely on anyone else, you’re wasting your energy and weakening your potential.

13. Resistance.

Resistance is a normal response to stepping out of your comfort zone, going out on a limb, or trying something new. However, if you have more resistance than you do productivity, there’s something that needs to be addressed. You have to learn how to show up and do the work even when you don’t “feel like it” (see below) and to recognize that sometimes, too much hesitance is actually a message that you aren’t quite on the right path yet.

14. Quick fixes and shortcuts.

Building something lasting and meaningful won’t happen overnight, and you should stop expecting it to. Real change happens gradually, and one habit at a time. Rather than trying to exert enough willpower to change something 100%, focus on how you can do 1% better each day, and over time, the effort will compound.

15. Waiting until you “feel like it” to get started.

Motivation isn’t something you wait for, it’s something you build. Passion might have told you what you want to do in life, but it isn’t going to be the thing that propels you through late nights of work and difficult days that make you just want to quit. To become a high achieving person, you need principles and you need habits. What we feel strongly about does not ultimately define our lives – what we do every day does.



16. The fear of failure.

The fear of failure doesn’t make you more successful, it severely holds you back. It makes you unwilling to take chances, leave situations that you don’t want to be in, or change your circumstances. Failure isn’t a finality, it’s a learning opportunity. It is your life telling you what is and isn’t working. Honoring it and adjusting accordingly is essential to thrive.

17. Envying those who have what you want.

The way that you speak about those who have achieved what you aspire to will either enable or hinder you to getting it yourself. If we start to pick out the flaws in those we envy because deep down, we really wish we had what they did, ultimately we begin to associate having that kind of success with being disliked or unworthy. It sets us up for self-sabotage. The more you judge others, the more you put yourself in a box.

18. Waiting for your circumstances to change before you do.

It can be tempting to be allured into destination addiction, or the idea that once we have achieved one more thing, or have a new relationship, or are handed some degree of success, life will change and we will feel better. The reality is that life unfolds from the inside out, and that we don’t change when our circumstances do, our circumstances change when we do.

FirstBank To Call $300m 8.25% Int’l Capital Market Debt Notes


The board of FBN Holdings Plc, on Friday said First Bank of Nigeria Limited, its largest subsidiary, plans to exercise its option to call the $300m 8.25% subordinated notes raised from the international debt markets before the due date of August 2020.

In the notice dated July 6, 2018, signed by Seye Kosoko, its company secretary, the FBN Holdings said FirstBank, seeks to call and pre-pay holders of the note at the next callable date of August 7, 2018.

The bank, he said, took the decision as a liquidity management exercise, just as it demonstrates the strength of FirstBank’s foreign currency liquidity and robust capital base, while further enhancing the efficiency of the balance sheet.

The notes are held by FBN Finance Company B.V and will exercise its option to call the $300m notes.

The bank had in August 2003 issued a $300 m Eurobond following an investor roadshow in the UK and US as it sought to tap the global capital markets for a seven-year callable subordinated instrument with a yield guidance of 8.5%.

According to information available on the note, it is callable after five years and is expected to be rated B by rating firm Standard and Poor’s S&P and B- by Fitch, while First Bank was currently rated at BB- by S&P; and B+ by Fitch.

First Bank established a track record in the market by issuing a $175m Tier-II Eurobond in 2007, which was recalled in 2012.

The note paid a coupon of 9.75% for the first five years and was theoretically expected to pay 3Month London Interbank Offer rate LIBOR plus 6.54%.

Other factors that were expected to support the Eurobond sale included the fact that other domestic banks are natural buyers of Nigerian corporate Eurobonds as they need to balance their dollar assets and liabilities.

https://investdata.com.ng/2018/07/firstbank-call-300m-8-25-intl-capital-market-debt-notes/

CBN Orders Banks To Render Data On Mobile Money Daily From July 10


In line with the decision of the Bankers’ Committee to implement the Shared Agency Network Expansion Fund initiative in the banking industry, banks in the country that appoint agents, mobile money operators and licenced super agents, must render daily returns on their activities from Tuesday, July 10, 2018.

Such returns, according to a circular by the Central Bank of Nigeria (CBN), must be rendered through the mode and template prescribed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc to the CBN.

Such daily transaction data, according to a circular dated July 5, 2018, with reference number: BPS/DIR/GEN/CIR/05/009, signed by Dipo Fatokun, CBN’s Director, Banking & Payments System Department, will allow for plotting “the growth and type of services being offered across the country.”

The template requires that agent manager data requires such information as agent manager’s registered name, ID assigned by the NIBSS. Contact e-mail address and Bank Verification Number (BVN) and phone number of the principal official representing the agent manager. Others include the agent manager’s operational address, city, local government area and state, as well as the agent manager’s bank code.

The agent data collection template requires such additional information as information on agents’ operational address, agents full operational address, contact email address/phone number for agent, the GPS coordinates for Agents Operational Address (GPS Lat and Long).

The CBN warned “that failure to comply with this directive may lead to the revocation of the banking licence of any erring institution.

https://investdata.com.ng/2018/07/cbn-orders-banks-render-data-mobile-money-daily-july-10/

EXPECTED DIVIDEND YIELD (EDY)

Basically there is a difference between expected or forward dividend yield and trailing dividend yield because when one invests in stocks,the past does not necessarily equal the future. Expected dividend yield measures next year's expected dividends as a percentage of a stock's current price, using the last year dividend payout whereas the trailing yield uses the present year dividend as there is no guesswork about trailing yield for the dividend is already out so one can know the yield. The expected or forward yield shows the annual percent return one can expect to earn from dividends if the company keeps up its payouts.

To calculate expected dividend yield we use the formula:
EDY = forward annual dividend rate/stock's price * 100
For example, let us assume stock Y has a current price of #650.00 and a forward annual dividend rate of #24.00. Applying these values into the formula we have:
EDY = 24/650 *100 = 3.7%
Meaning, if one buys this stock now, one would earn a 3.7% return over the next year from dividends excluding any potential stock price changes.

Investdata Academy
http://investdataltd..com/2018/07/expected-dividend-yield-edy.html

FirstBank To Call $300m 8.25% Int’l Capital Market Debt Notes


The board of FBN Holdings Plc, on Friday said First Bank of Nigeria Limited, its largest subsidiary, plans to exercise its option to call the $300m 8.25% subordinated notes raised from the international debt markets before the due date of August 2020.

In the notice dated July 6, 2018, signed by Seye Kosoko, its company secretary, the FBN Holdings said FirstBank, seeks to call and pre-pay holders of the note at the next callable date of August 7, 2018.

The bank, he said, took the decision as a liquidity management exercise, just as it demonstrates the strength of FirstBank’s foreign currency liquidity and robust capital base, while further enhancing the efficiency of the balance sheet.

The notes are held by FBN Finance Company B.V and will exercise its option to call the $300m notes.

The bank had in August 2003 issued a $300 m Eurobond following an investor roadshow in the UK and US as it sought to tap the global capital markets for a seven-year callable subordinated instrument with a yield guidance of 8.5%.

According to information available on the note, it is callable after five years and is expected to be rated B by rating firm Standard and Poor’s S&P and B- by Fitch, while First Bank was currently rated at BB- by S&P; and B+ by Fitch.

First Bank established a track record in the market by issuing a $175m Tier-II Eurobond in 2007, which was recalled in 2012.

The note paid a coupon of 9.75% for the first five years and was theoretically expected to pay 3Month London Interbank Offer rate LIBOR plus 6.54%.

Other factors that were expected to support the Eurobond sale included the fact that other domestic banks are natural buyers of Nigerian corporate Eurobonds as they need to balance their dollar assets and liabilities.

https://investdata.com.ng/2018/07/firstbank-call-300m-8-25-intl-capital-market-debt-notes/

Investdata Corporate Actions, AGMs As At July 6, 2018

http://investdataltd..com/2018/07/investdata-corporate-actions-agms-as-at.html

We’ve Received No Application From MTN, Says SEC


Contrary to the barrage of media reports, Nigeria’s capital market apex regulator- the Securities & Exchange Commission (SEC), on Sunday denied receipt of any application regarding an Initial Public Offering (IPO) from either telecommunication giant MTN Nigeria Limited, any of its advisers or representatives.

The mass media has been awash with news of plans by the MTN Group to list its Nigerian unit worth $5.23bn later in the year in the debut IPO on the Nigeria Stock Exchange. The company is said to be preparing to file application to the SEC to launch the offer after getting approvals from existing investors.

The fresh funds, at least $400m, being raised, according to the pre-IPO presentation seen by Reuters, will help reduce the company’s debt, just as proceeds would go into redemption of preference shares issued to existing investors who bought the shares 11-years ago and also cut its dollar exposure.

MTN Nigeria has around 402 million shares in issue, the same amount in preference

shares, which it sold at $0.99 in 2007.

As part of the IPO, these would be split one into 50 units, creating 20bn shares, which would be listed on the bourse, while the IPO price would be set via book building, in what would make it the biggest on the NSE after Starcomms Plc, which raised $796m when it listed in 2008, according to data compiled by Bloomberg.

A statement at the weekend by the SEC management, reported various media organizations as on Thursday, July 5, 2018, said the MTN IPO was finally set to open, after a “six-week delay by SEC.”

The SEC stated categorically “that the information contained in the said publication is false, misleading and without merit.

“Additionally, the Commission would like to state that MTN Nigeria Limited to the best of the Commission’s knowledge is a private company limited by shares.

“As at the date of this circular, neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding the said IPO,

“Given that there is no application from MTN before the Commission, there could not have been a request by MTN or any of its representatives or advisers requiring any form of regulatory review.”

That notwithstanding, the Commission “welcomed filings aimed at deepening and broadening the capital market and stands ready to provide the necessary regulatory support.”

SEC therefore assured that should MTN finally file “a formal and complete application with the Commission, it would be treated with the usual diligence and urgency that is applicable to all such filings.

“Furthermore, we wish to remind all capital market operators of their duty not to furnish information, which is false, and misleading in any material particular as the Commission would not hesitate to take necessary regulatory actions on any erring market operator

“The Commission remains committed to its core mandate of investor protection and maintaining the integrity of the Nigerian capital market” The Circular added.

http://investdataltd..com/2018/07/weve-received-no-application-from-mtn.html

Investdata Corporate Actions, AGMs As At July 6, 2018

http://investdataltd..com/2018/07/investdata-corporate-actions-agms-as-at.html

Investdata Sentiment For Week Ended July 6, 2018


NSEASI buy 21% sell 79% MFI 41.44
Access buy � MFI 53.60
Afriprud buy 0% MFI 87.97
AIICO buy 50% sell 50% MFI 45.80
Cadbury buy 0% MFI 7.75
Caverton buy 0% MFI 35.35
CCNN buy 0% MFI 28.69
C&I Leasing buy 53% sell 47% volume index 1.50 MFI 66.84
Conoil buy 17% sell 83% volume index 1.20 MFI 27.01
Dangote Cement buy 44% sell 56% MFI 35.71
Dangote Flour buy 85% sell 15% MFI 20.78
Dangote Sugar buy 23% sell 77% MFI 60.02
Diamond Bank buy � MFI 45.90
Equity Assur buy � volume index 3.81 MFI 24.93
Eterna buy 55% sell 45% volume index 1.62 MFI 64.47
FBNH buy 0% MFI 37.91
FCMB buy 57% sell 43% MFI 87.14
Fidelity Bank buy 56% sell 44% MFI 38.89
Flour Mills buy 16% sell 84% MFI 23.90
Forte Oil buy 7% sell 93% volume index 1.16 MFI 49.31
GTBank buy 83% sell 17% volume index 0.70 MFI 37.09
Hallmark Ins buy 57% sell 43% volume index 4.11 MFI 63.59
Honeywell buy 65% sell 35% volume index 1.00 MFI 50.77
JaizBank buy 43% sell 57% MFI 42.55
Japaul buy 60% sell 40% MFI 47.43
JBerger buy � volume index 1.95 MFI 81.28
LearnAfrica buy 60% sell 40% volume index 2.34 MFI 71.04
M&B buy � volume index 0.86 MFI 34.08
MutualBen buy � volume index 1.07 MFI 31.86
Mobil buy 0% MFI 46.02
Multiverse buy � volume index 15.96 MFI 98.21
Nahco buy 4% sell 96% volume index 1.01 MFI 45.11
NASCON buy 0% MFI 47.32
NEM buy � volume index 1.75 MFI 77.16em
Nestle buy 0% MFI 87.91
Oando buy 33% sell 67% MFI 67.28
Presco buy 100 MFI 73.37
Redstar buy 40% sell 60% MFI 79.19
Skye buy � MFI 51.07
Sterling buy 85% sell 15% volume index 1.10 MFI 30.34
Transcorp buy 0% MFI 23.19
UACN buy 70% sell 30% MFI 2.92
UBA buy 63% sell 37% volume index 2.57 MFI 48.02
UBN buy 56% sell 44% volume index 1.35 MFI 38.35
UCap buy 15% sell 85% MFI 79.10
Unilever buy 7% sell 93% MFI 80.29
UPL buy � MFI 65.63
Vitafoam buy � MFI 42.55
WAPCO buy 0% MFI 52.33
Wema buy � MFI 34.66
Zenith buy 20% sell 80% MFI 37.18

Omordion Ambrose
Chief Research Officer
InvestData Consulting Limited
Phone: 08028164085, 08032055467
email: ambrose.o@investdata.com.ng, ambrose.o@investdataonline.com
http://investdataltd..com/2018/07/investdata-sentiment-for-week-ended.html

ACAN:
Investdata Sentiment For Week Ended July 6, 2018


NSEASI buy 21% sell 79% MFI 41.44
Access buy � MFI 53.60
Afriprud buy 0% MFI 87.97
AIICO buy 50% sell 50% MFI 45.80
Cadbury buy 0% MFI 7.75
Caverton buy 0% MFI 35.35
CCNN buy 0% MFI 28.69
C&I Leasing buy 53% sell 47% volume index 1.50 MFI 66.84
Conoil buy 17% sell 83% volume index 1.20 MFI 27.01
Dangote Cement buy 44% sell 56% MFI 35.71
Dangote Flour buy 85% sell 15% MFI 20.78
Dangote Sugar buy 23% sell 77% MFI 60.02
Diamond Bank buy � MFI 45.90
Equity Assur buy � volume index 3.81 MFI 24.93
Eterna buy 55% sell 45% volume index 1.62 MFI 64.47
FBNH buy 0% MFI 37.91
FCMB buy 57% sell 43% MFI 87.14
Fidelity Bank buy 56% sell 44% MFI 38.89
Flour Mills buy 16% sell 84% MFI 23.90
Forte Oil buy 7% sell 93% volume index 1.16 MFI 49.31
GTBank buy 83% sell 17% volume index 0.70 MFI 37.09
Hallmark Ins buy 57% sell 43% volume index 4.11 MFI 63.59
Honeywell buy 65% sell 35% volume index 1.00 MFI 50.77
JaizBank buy 43% sell 57% MFI 42.55
Japaul buy 60% sell 40% MFI 47.43
JBerger buy � volume index 1.95 MFI 81.28
LearnAfrica buy 60% sell 40% volume index 2.34 MFI 71.04
M&B buy � volume index 0.86 MFI 34.08
MutualBen buy � volume index 1.07 MFI 31.86
Mobil buy 0% MFI 46.02
Multiverse buy � volume index 15.96 MFI 98.21
Nahco buy 4% sell 96% volume index 1.01 MFI 45.11
NASCON buy 0% MFI 47.32
NEM buy � volume index 1.75 MFI 77.16em
Nestle buy 0% MFI 87.91
Oando buy 33% sell 67% MFI 67.28
Presco buy 100 MFI 73.37
Redstar buy 40% sell 60% MFI 79.19
Skye buy � MFI 51.07
Sterling buy 85% sell 15% volume index 1.10 MFI 30.34
Transcorp buy 0% MFI 23.19
UACN buy 70% sell 30% MFI 2.92
UBA buy 63% sell 37% volume index 2.57 MFI 48.02
UBN buy 56% sell 44% volume index 1.35 MFI 38.35
UCap buy 15% sell 85% MFI 79.10
Unilever buy 7% sell 93% MFI 80.29
UPL buy � MFI 65.63
Vitafoam buy � MFI 42.55
WAPCO buy 0% MFI 52.33
Wema buy � MFI 34.66
Zenith buy 20% sell 80% MFI 37.18

Omordion Ambrose
Chief Research Officer
InvestData Consulting Limited
Phone: 08028164085, 08032055467
email: ambrose.o@investdata.com.ng, ambrose.o@investdataonline.com
http://investdataltd..com/2018/07/investdata-sentiment-for-week-ended.html

please what do the above percentages mean?? For example; is zenith buy or sell based on the above

Undervalued, Nigeria’s Equities Attract New Positioning, Ahead Q2 Earnings

Market Update for July 9, 2018

The Nigerian equity market on Monday had another very volatile session as it tries to resist further decline, ahead of the second quarter earnings season that kicks off any moment from now, as the benchmark All-Share index hit a pause button while seeking direction in the midst of rising insecurity and political uncertainties as the 2019 general elections draw closer. It is expected that the systematic implementation of the 2018 budget would stimulate the nation economic activities which is now experiencing a slowdown, while the monetary authorities-the Central Bank of Nigeria (CBN) worry about excess liquidity and impact of inflation in the system as governments across the country disburse funds for infrastructure project implementation.

It was a strong start for the trading week as the Nigerian Stock Exchange ASI gapped up at the opening of the session, above the previous day’s close and lasted till midday, before pulling back, after which it consolidated by the afternoon to close marginally higher on a very low volume.

During the trading session, it index hit an intraday high of 37,715.30 basis points, from its low of 37,615.49bps, before closing the day at 37,651.89bps, thereby presenting opportunities for players to invest at a discount. We must not forget that this is happening in an economy that is expected to fire up again with the fiscal reforms, especially as the budget has started running, just as electioneering campaign spending, a situation that is further helped by rising oil prices that would enhance government revenue, while Nigeria’s external reserve is looking up.

At this point, medium and long-term position can be taken, while those trading in earnings season should have taken position ahead of the numbers. However, when such numbers do not meet expectations, you must quickly cut you losses and wait for another opportunity to enter.

Market technicals for the session were weak and mixed as traded volume was low in the midst of negative market breadth and improved sentiments, as revealed by Investdata’s Daily Sentiment Report showing a ‘sell’ pressure of 64% and ‘buy’ volume of 36% on a volume index of 0.45 of the day’s total transactions.

The momentum behind the seeming improved sentiment for the day reflected on the money flow index at 33.77 points, up from the previous day’s 31.85 points, an indication that funds are still entering the market as at close of trade.

Index and Market Cap

At the close of trading, the composite index gained a marginal 22.34bps, closing at 37,651.89bps, after opening at 37,625.59bps, representing a 0.06% limp, just as market capitalisation inched N8.09bn up to close at N13.64tr, from an opening value of N13.63tr, also representing 0.06% value gain for the session.

If you are hunting for the right stocks to buy on this oscillating trend, join Investdata Buy & Sell Signal setup. We have a watchlist of stocks for different investment purposes that you may position in, as the market sets for another phrase of recovery. To register and become a member send Yes or stocks to the phones numbers below. Our watch list has increased due to the prolonged correction before now, take advantage of this service to buy right and sell right.

The slight upturn recorded at the end of Monday’s trading was due to price appreciation in medium and high cap stocks, like Dangote Cement, Unilever, Guinness, Forte Oil, CCNN, Flourmills, ETI and Honey well. These impacted positively on the NSE’s Year-to-Date return, reducing the loss position to 1.55%, while market capitalisation gain stood at N28.51bn, or 0.21% above the year’s opening value.

Bearish Sector Performance

Sectorial performance remained bearish for the day, except for the NSE Banking and Oil/Gas that were slightly up, while the NSE Insurance, Industrial and Consumer goods closed in the red. Market breadth was negative as decliners outnumbered advancers in the ratio of 25:20 to halt Friday down market.

Market activities were down in volume and value by 51.45% and 35.19% respectively at 155.17m shares worth N1.99bn, from the previous day’s 319m units valued at N3.07bn. Volume was boosted by trading in financial services and conglomerates stocks like Access Bank, Zenith Bank, FBNH, Transcorp and UBA that witnessed increased trading to top the activity chart.

The best performing stocks for the day were Caverton and C& I Leasing that topped the advancers’ table after chalking 10% and 9.8% respectively to close at N2.24 and N2.47 each, due to their low-price attraction and expectation Q2 earnings reports.

On the flip side, Unity Bank and Multiverse were the worst performing, losing 9% and 8.3% respectively to close at N1.01 and N0.22 on market forces and profit booking.

Market Outlook

We expect the market to look up as low prices attracts new positioning, ahead of Q2 earnings season since equities remain undervalued with higher yields. Investors should review their position in line with their investment goals and take action as events unfolds in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were Q2 interim dividend payment are expected in the market arena very soon.

We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

Save The Date: Investdata Stock Market Training Workshop

On Saturday, July 28, 2018

Theme- Comprehensive Stock Trading & Investing Toolkit for Rest of 2018

Sub Topics

Review of 2018H1 Market & Economic Performance: How Fiscal Reforms and Stimulus Will Support the Market/Economy in 2018H2.

In this presentation, the speaker will discuss how historically the Fiscal and Monetary policies have influenced Nigeria’s stock market, the implications for the second half and it would drive equity prices higher as recovery continues.

2018H2 Trading Checklist: How to Find Winning Stocks in Nigeria’s Volatile Equity Market

After the prolonged correction, volatility is here to stay for the rest of 2018. Is it time to start worrying about losses suffered so far, a flattening yield curve or time to relax due to the outstanding earnings season? Better yet, is there a way to harness increased volatility to your advantage? Our facilitator, a stock market expert will show you how to handle increased volatility in 2018. He’ll offer insights into forces impacting today’s market. He will share, using real-time examples, his ultimate checklist to finding winning stocks propelled by volatility. This simple strategy allows you to quickly evaluate stocks and to better time entry and exit points, while understanding market forces moving your portfolio

How To Generate Consistent Superior Equity Returns and Income With Dividend Stocks

Here, the expert will discuss his approach to generating equity income by investing in undervalued dividend stocks, what he looks out for when trading dividend stocks at a discount to historical valuations on multiples of price to sales, earnings, cash flow, book value, and enterprise value to EBITDA. In addition, he requires companies to have positive operating cash flow over the past 12 months, with dividends covered comfortably by cash flow.

Powerful Patterns and Effective Strategies for Trading Shifts in Market Volatility

Recent and ongoing changes in market volatility present both risks and opportunities for discerning traders. Learn some of the most effective strategies for taking advantage of the high-probability trading opportunities available in equities, while minimizing risks associated with stock market trading. The six most powerful patterns in the market to trade, how to know which patterns and strategies to specialize in for consistent results and the critical difference between oscillating and momentum patterns.

Kindly call or send yes to 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, 08032055467
https://investdata.com.ng/2018/07/undervalued-nigerias-equities-attract-new-positioning-ahead-q2-earnings/

HOT STOCK AND ITS FEATURES

Hot stock is a newly issued stock that rapidly rises in price due to the company's performance or market hype, and whose price continues to rise quickly and consistently over an extended period of time.

Its features are as follows:
* Has a large price movements in very heavy volume
* Often runs in cycles depending on the investing public's interest in the industry or its concepts
* Are usually quite risky
* Suitable for speculators involved in short-term trading.

Investdata Academy
http://investdataltd..com/2018/07/hot-stock-and-its-features.html

Is Your Stock Market Knowledge up to date?

Recently, I saw my Nokia phone that was bought 10 years ago. Amazing isn't it?
However, it looks very weird to me especially the shape, Tiny buttons and the sound of the ringtone.

As at that time, it was a best seller but now nobody will really be ready to put down their money to buy an obsolete technology because it is completely useless to the current time.

Similarly, it is applicable to human being. Knowledge is the key to understanding. So, for you to get the best result, you need to always update yourself.

Take Microsoft that update its software database every week, Facebook once or twice a month and the different apps on your phone. On the contrary, I could still remember How Nokia became irrelevant. That is, from world 1 phone producer to none; Motorola had the same issue, after they released the blade which generated $13 billion Annually is no where to be found today because they don't know what next.

So, like Motorola, I want to Ask you what next about the rest of 2018, how current is your stock market knowledge? is the tip of the ICEBURG that you read online, investment magazines or is it a material bought 7 years ago you are still relying on? Humm to be candid with you your knowledge should be on a weekly, monthly, quarterly basis to keep up at least.

So if you are a serious investor that understands the impact of knowledge acquisition through seminar register for my seminar Comprehensive Stock Trading & Investing Toolbox for the Rest of 2018

Click on this link for more information

http://investdataonline.com/stock-exchange

Or call 08028164085,08032055467 or send an email to Info@investdataonline.com

Happy Trading,
Ambrose Omordion
http://investdataltd..com/2018/07/is-your-stock-market-knowledge-up-to.html

Oando’s Planned AGM Raises Question About Unending Forensic Audit


It is exactly four months after Dr. Abdul Zubair, the then Acting Director-General of the Securities & Exchange Commission (SEC), announced to newsmen that the firm of Deloitte was told to commence the forensic audit of energy giant- Oando Plc.

This followed the striking out of two law suits instituted by the company and its stakeholders, mainly to restrain the commission and the Nigerian Stock Exchange (NSE) from effecting a technical suspension on Oando’s shares and the SEC from appointing the team of forensic auditors.

While the outcome of the audit is being awaited, the board of the company, last week filed a notice with the NSE of its plan to hold its 41st annual general meeting in Lagos on Friday, July 27, 2018.

At the meeting, shareholders are expected to receive the audited financial statement of the company and elect Alhaji Bukar Goni Aji to the board as non-executive director, believed to be representing the interest of Alhaji Dahiru Mangal, one of the majority stakeholders who petitioned the SEC, leading to the setting up of the forensic audit.

The directors would also be expected to elect Muntari Zubairu to the board, with effect from February 5, 2018, while existing non-executives like Sena Anthony, Ike Osakwe and Ademola Akinrele are being put forward for re-election, according to the notice by Ayotola Jagun, its chief compliance officer and company secretary, dated July 5, 2018.

Not only is Oando Plc’s board silent about what has/is happening to the forensic audit, the regulators- SEC and the NSE, who are not forthcoming about the outcome of the exercise.

None of their officials have thought it necessary to say how much longer other stakeholders will wait anxiously for the announcement, amidst fears about a likely compromise, especially following the last faux pas that led to the ouster of Zubair and appointment of Ms. Mary Uduk.

Reacting to the planned AGM however, members of the Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, described the company’s 2017 audited financials as dismal and well below expectations, especially given the inability of the directors to propose a dividend in view of its backlog of losses spanning five years.

The shareholders accuse Finance Minister, Mrs. Kemi Adeosun, as well as Uduk and her management team of unnecessarily delaying the release of the forensic audit. They want it published without further delay.

The commission is still to make any official statement on these issue on Monday evening.
https://investdata.com.ng/2018/07/oandos-planned-agm-raises-question-unending-forensic-audit/

Nigeria May Miss 2020 Financial Inclusion Targets – CBN


The Central Bank of Nigeria (CBN) says the nation is not on track to meet the financial inclusion targets, barely two years to the 2020 deadline as contained in the National Financial Inclusion Strategy (NFIS) of 2012.

In an executive summary of the exposure draft tagged NFIS Refresh, released last week, the CBN noted that two financial inclusion targets were set for the year 2020. They are: “an overall financial inclusion rate of 80% of the adult population and a formal financial inclusion rate of 70% of the adult population.”

Recall that in 2010, Nigeria began working towards reducing the percentage of its adult population without access to the formal financial system from 46.3% to 20% by the year 2020, following which the NFIS was launched on October 23, 2012.

By 2016, the percentage only fell marginally to 41.6%, following which there were attempts at reviewing the strategy, focusing on evaluating progress, identifying gaps and developing a refreshed strategy document to serve as a roadmap for implementation until 2020, according to the covering letter of the draft, signed by Dr. Mudashiru Olaitan, the CBN’s Director, Development Finance Department

In the executive summary of the document, the CBN noted that by the end of 2016, only “58.4% of Nigeria’s 96.4m adults were financially served and only 48.6% of all adults used formal financial services. The NFIS defined an additional 15 targets for channels, products and enabling environment, as well as 22 key performance indicators (KPIs) related to these targets. Across all these measures, Nigeria lags inclusion targets.”

It however noted the presence of new promising developments, especially in recent times, with new stakeholders joining the push for financial inclusion, one of which was the Memorandum of Understanding (MoU) CBN and Nigerian Communications Commission (NCC) on digital payment systems earlier in the year. There is also the collaboration between the apex bank the Nigeria Inter-Bank Settlement System (NIBSS) “to create a regulatory sandbox that will allow financial technology start-ups to test solutions in a controlled environment and is partnering with the private sector to roll out a 500,000-agent network to offer basic financial services.

“In addition, several players in the private sector have introduced new products and services aimed at the unserve/underserved, and new partnerships are driving the delivery of digital financial services more widely—programmes have been launched to boost access to finance specifically for excluded groups such as women and micro, small and medium-sized enterprises.”

Growth, the CBN continued, has been hampered by such issues as macroeconomic realities and constraints on the implementation of the NFIS, which have impacted the

status of financial inclusion in the country.

“Much has changed in the Nigerian context since the original NFIS document was written, especially regarding the economy, security and technology. Unforeseen socioeconomic shocks, such as the economic recession and the security situation in parts of Northern Nigeria, have hampered the progress of financial inclusion.

“Furthermore, Nigeria’s slow uptake of digital financial services (DFS) and limited rollout of national identity numbers (restricting the ability of financial service providers to meet know-your-customer (KYC) requirements) represent ongoing impediments.”

Continued, the apex bank explained that new lessons leant and priorities identified since the inception of the NFIS, and some of the limitations of the 2012 approach, have become clearer and need to be reflected in Nigeria’s strategy to better address financial inclusion.

The report identified limitations of the 2012 report to include “a lack of prioritisation across a long list of actions and KPIs, as well as an outdated set of solutions, some of which, as innovation advanced, became increasingly suboptimal in their prescribed methods.”

Consequently, it stressed that “in the refreshed NFIS, priorities have been defined based on a new approach that is deliberately more “future-proof” in its focus on first principles, instead of specific approaches that have the potential to become obsolete.”

“The refreshed strategy is based on a first-principles approach. It recognises the various core mandates that need to be managed to develop a solid, stable yet inclusive financial system and identifies the principles that need to be in place to manage and govern financial services. The strategy outlines two overarching principles, and several topic-specific principles, addressing the priority action points. It is critical to note these principles are to be adopted as an inseparable set, collectively important to drive financial inclusion in the Nigerian context. Strategy implementation must take all the principles into consideration, and not a just selection. The refreshed metrics and targets focus on outputs and outcomes, without seeking to prescribe a specific approach to or structure of the business model.

https://investdata.com.ng/2018/07/nigeria-may-miss-2020-financial-inclusion-targets-cbn/#more

Ecobank To Announce New CEO For Nigerian Arm August


The board of Ecobank Transnational Incorporated (ETI), on Monday announced to the Nigerian Stock Exchange (NSE), the planned exit of Charles Kie, chief executive of its Nigerian arm.

A statement by Madibinet Cisse, Ecobank Group’s Company Secretary assured that the process of selecting his replacement will be immediately activated by the board and that “the successful candidate will be announced before the end of August.”

Meanwhile, the statement added, that “Kie will continue managing Ecobank Nigeria through the transition period to ensure a smooth handover to his successor.”

He joined Ecobank Group in October 2011 as Chief Operating Officer of the then Ecobank Capital, before being appointed Group Executive and head of the Banking business, responsible for leading the group’s corporate and investment bank business across the 40 countries, 36 of which are in Africa.

From there he was seconded to Ecobank Nigeria.

Prior to joining Ecobank Group, between 1997 and 2008, he was at Citibank, where he rose to the position of CEO of Citigroup West Africa from 2004 and 2008, when he became Group CEO of Togo and later Cote d’Ivoire based Groupe Banque Atlantique, until 2011.

Commenting, Ecobank Group’s chief executive officer, Ade Adeyemi thanked Kie “for his immense contributions to the Group.

“He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours,” he said.

Also commenting, Kie expressed pride at the achievements of his team, while expressing his appreciation to the board and customers who have always been loyal in their patronage.

“It is their patronage that makes the future brighter,” he stressed, just as John Aboh, the chairman of Ecobank Nigeria board, while also congratulating Kie and his team for the good work, said he looked forward to the bank sustaining and improving on it.

https://investdata.com.ng/2018/07/ecobank-announce-new-ceo-nigerian-arm-august/


https://investdataltd..com/2018/07/ecobank-to-announce-new-ceo-for.html

Forex Market gets CBN’s $210 million boost



Nigeria’s inter-bank Foreign Exchange Market, on Tuesday, July 10, 2018, received the sum of $210m to meet customers’ requests in various segments.

This, the Central Bank of Nigeria (CBN), noted in a statement, is in its determination to meet customer needs in the sundry segments of the market, following which $100m went to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received $55m. The remaining $55m was allocated to customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

Acting Director, Corporate Communications Department (CCD), Isaac Okorafor, in the statement assured Nigerians that CBN will continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.

The CBN, he stressed, will not renege on its promise to manage the forex with a view to reducing the country’s import bills and halting depletion of its foreign reserves.

It will be recalled that last Tuesday, July 3, 2018, the apex bank intervened to the tune of $210m, to cater for requests in the wholesale segment of the market.

Meanwhile, the Naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Tuesday, July 10, 2018.

https://investdata.com.ng/2018/07/forex-market-gets-cbns-210-million-boost/#more

Investdata Daily Sentiment Reports

NSEASI buy 0% MFI 34.29
Access buy � MFI 71.76
Aiico buy � volume index 0.79 MFI 70.91
Dangote sugar buy 0% MFI 53.48
Diamond buy � MFI 26.54
Equity buy 0% volume index 1.05 MFI 30.81
Eti buy 33% sell 67% volume index 1.84 MFI 55.17
Fbnh buy 83% sell 17% volume index 1.28 MFI 27.86
Fcmb buy 33% sell 67% MFI 36.05
Fidelity buy 0% MFI 71.11
Fmn buy 0% volume index 1.13 MFI 45.03
FO buy � volume index 1.56 MFI 22.74
GT buy 7% sell 93% MFI 34.30
Hony flour buy � volume index 0.70 MFI 28.95
Lasaco buy � MFI 28.68
Mben buy 0% volume index 0.94 MFI 83.86
Nahco buy 0% volume index 1.39 MFI 72.73
Nem buy � volume index 1.05 MFI 86.55
Oando buy 0% volume index 0.72 MFI 44.02
Sterling buy � volume index 0.72 MFI 55.94
Transcorp buy 14% sell 86% volume index 1.79 MFI 30.65
Uba buy 0% MFI 76.02
Unilever buy � MFI 91.75
Wema buy 80% sell 20% MFI 95.44
Zenith buy 21% sell 79% volume index 1.46 MFI 43.57

http://investdataltd..com/2018/07/investdata-daily-sentiment-reports_11.html

Save The Date: Investdata Stock Market Training Workshop

On Saturday, July 28, 2018

Theme- Comprehensive Stock Trading & Investing Toolkit for Rest of 2018

Sub Topics

Review of 2018H1 Market & Economic Performance: How Fiscal Reforms and Stimulus Will Support the Market/Economy in 2018H2.

In this presentation, the speaker will discuss how historically the Fiscal and Monetary policies have influenced Nigeria’s stock market, the implications for the second half and it would drive equity prices higher as recovery continues.

2018H2 Trading Checklist: How to Find Winning Stocks in Nigeria’s Volatile Equity Market

After the prolonged correction, volatility is here to stay for the rest of 2018. Is it time to start worrying about losses suffered so far, a flattening yield curve or time to relax due to the outstanding earnings season? Better yet, is there a way to harness increased volatility to your advantage? Our facilitator, a stock market expert will show you how to handle increased volatility in 2018. He’ll offer insights into forces impacting today’s market. He will share, using real-time examples, his ultimate checklist to finding winning stocks propelled by volatility. This simple strategy allows you to quickly evaluate stocks and to better time entry and exit points, while understanding market forces moving your portfolio

How To Generate Consistent Superior Equity Returns and Income With Dividend Stocks

Here, the expert will discuss his approach to generating equity income by investing in undervalued dividend stocks, what he looks out for when trading dividend stocks at a discount to historical valuations on multiples of price to sales, earnings, cash flow, book value, and enterprise value to EBITDA. In addition, he requires companies to have positive operating cash flow over the past 12 months, with dividends covered comfortably by cash flow.

Powerful Patterns and Effective Strategies for Trading Shifts in Market Volatility

Recent and ongoing changes in market volatility present both risks and opportunities for discerning traders. Learn some of the most effective strategies for taking advantage of the high-probability trading opportunities available in equities, while minimizing risks associated with stock market trading. The six most powerful patterns in the market to trade, how to know which patterns and strategies to specialize in for consistent results and the critical difference between oscillating and momentum patterns.


Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdataltd..com/2018/07/save-date-investdata-stock-market.html

SHOCKS OR SHARES BUY BACK

Stocks/Shares buyback is the repurchasing of shares by the company that issued them. It happens when the issuing company pays shareholders the market value per share and reabsorbs that portion of its ownership that was previously distributed among public and private investors.

Generally, when a company buys back its own shares, it effectively reduces its share capital by reducing the number of shares held by the public in a way that if the profits of such company remain the same, the company EPS would increase.

A company would buyback its own shares for reasons as these; ownership consolidation, undervaluation and boosting financial ratios.

Investdata Academy
https://investdataltd..com/2018/06/shocks-or-shares-buy-back.html