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Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 4:46pm On Jan 31 |
Laso09: Ogbeni wait till it has fully bottomed out o |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 4:47pm On Jan 31 |
SonofElElyonRet: Grave robber.I remember those days we use to look for bottom. No bottom this time because we are not in bears.You will suddenly see a reversal any moment 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 4:52pm On Jan 31 |
I have been waiting to see NB result. My barometer for the brew stocks. |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 4:55pm On Jan 31 |
Locotrader: Well... if Any one suffers substantial loss they know who to hold My advice was specific to transcorp by the way |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:01pm On Jan 31 |
Locotrader: It depends on who is doing the selling. It may be the trading department of some institution who may have been ordered by management to reduce exposure to certain stocks. In that case, we may see prices go even more into the red until they have met their target. Then, after that, we can continue our upward journey, probably back to the year's highs. All these pension funds etc., those guys don't send anybody o. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:01pm On Jan 31 |
Locotrader:Guy see opportunities full.Truely cash is King why gsk no just wan pay us.How I want take miss this kind opportunities tomorrow and next.It will likely not be thr by Monday. This is what we call transfer of wealth. God send cash to me |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:09pm On Jan 31 |
SonofElElyonRet: Transcorp has done 20% pullback already. It will quickly do 11.66 immediately trading starts tomorrow and stabilize around 12 in the mid day.We are not in the bear season |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:12pm On Jan 31 |
See the kind grave robber price this market just they present now.God abeg oh.See good dividend bargains and opportunity for capital appreciation of 50% join |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:13pm On Jan 31 |
Streetinvestor2: ASI wet dey do warm up to catch 150 by year end. I pray for cash to come soon. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:14pm On Jan 31 |
Locotrader:My guy na uba wan make me mad self.Any one that picks uba at #20 na wonderful bargain. If transcorp can do #10 for sweet die.imagine final dividend of 1.50 -2.00 and sure bet of 50% appreciation.Uba must maintain 1 trillion bench 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 5:16pm On Jan 31 |
iHaveMadeiT2: even if the price refuse to fall and rise straight to what I think is the fairprice... thatz not a problem for me bro. before I decided to let go, i was looking toward Q3 for possible re-entry the mkt. it a patience I have learn from my Oga Oracle. we've left our trading fund with broker for good 18 months in the past waiting for possible good price to enter a stock during which fellow investors here kept celebrating their loot and dividend alert from the market. our turn came later we got our own share of the market. anything mkt bring..No shaken bro 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:17pm On Jan 31 |
Streetinvestor2: If UBA hits N20..I will add. That is 10% dividend yield on N2.00 dividend + easy 50% capital appreciation at N30....omo no think am 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:20pm On Jan 31 |
Caverton has done well. I will be glad to see their Oct -Dec report. A candidiate of 200% in 2024. Your own bull is warming up if your Q1 is improved... https://doclib.ngxgroup.com/Financial_NewsDocs/40277_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 5:25pm On Jan 31 |
. |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:28pm On Jan 31 |
Streetinvestor2: The problem with Transcorp is peanut dividend.people don't have so much confidence over their pattern of dividend but Tony is looking for growth first. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:31pm On Jan 31 |
Locotrader: I will advise you exercise caution with Transcorp. You might still get it cheaper. I don't see it exceeding N15 again until when the Q1 earnings are out 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:32pm On Jan 31 |
With the current inflation and currency devaluation, don't lose based on price and value. That na double lose |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 5:36pm On Jan 31 |
BullBearMkt: Thanks. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:36pm On Jan 31 |
emmanuelewumi: My time has elapsed in Transcorp.It is out of range for me.i am just expressing my view in it and what I am expecting from it. |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:37pm On Jan 31 |
ositadima1:...turn your attention to long term and you'll see opportunities. GTCO that you're comparing it with Transcorp was bearish in 2022 on long-term. 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:42pm On Jan 31 |
We might not be in a bear market, but smart money will start rebalancing their portfolio. Probably there are 2 stocks in the same sector. Stock A might have a PE of 60 while stock B might have PE of 8 and they operate in the same industry and having about the same capital and profitability. The portfolio will be rebalanced by accumulating more the cheaper option and reducing the expensive one 6 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:43pm On Jan 31 |
emmanuelewumi: Can you pls explain what you mean by the bolded..... |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:50pm On Jan 31 |
Locotrader: One should not lose from both side. If you bought a share for N1000 in 2023 but now selling for N900 in 2024. It has lost in price, and lost in value when you convert to dollar. If you bought a share for N1000 in 2023 but now selling for N1300. It has gained in price about 30% but lost in value when you convert to dollar. If you invested N1000 in Transcorp in 2023 and now it is worth N11,000. It has gained in both price and value. 13 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:53pm On Jan 31 |
emmanuelewumi:If it stays anything btw #10 - #15 through out the yr.it is ok for me,lol.My BE na just #2.00 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by MeezPat(f): 6:01pm On Jan 31 |
emmanuelewumi:it might be a good time to sell some of your fixed income and move back in after MPC meeting...Jumbo rate hikes expected at the next MPC or maybe not |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:05pm On Jan 31 |
MeezPat: I will rather buy more. It is just 10% of my portfolio while Eurobond Fund is 8% |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 6:09pm On Jan 31 |
BullBearMkt:Unfortunately, only the banking sector declined heavily in January 2024. It all started with the continuous stream of negative news that has plagued the sector since the month's inception. All other sectors remain strong.
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Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 6:18pm On Jan 31 |
emmanuelewumi: Using you scenario, one can also gain in price and lose in value considering the present devaluation. What is your advice to investors who are currently losing in price and value? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:26pm On Jan 31 |
Locotrader: That is why valuation is very important, The price paid for an investment is important. Imagine those who bought Fore Oil at N100 only to sell their Ardova at N25 identify quality stocks that can give a minimum return of capital employed of over 30%. Who are growing their earnings at double digits but selling at a discount. N2.5 million bought 1 million units of Nahco shares in 2020. The company gave a bonus of 1 for 5, meaning the 1 million units increased to 1.2 million units The Investment of N2.5 million is now worth about N37 million excluding dividends earned. The investment gained in price and value But if he had bought dollar with the N2.5 million in 2020 it would be worth about N6 million 14 Likes 4 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Adinije(f): 6:28pm On Jan 31 |
emmanuelewumi:Pls, what is a good entry for Dangsugar and UBA? |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:32pm On Jan 31 |
Streetinvestor2: |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:34pm On Jan 31 |
BullBearMkt: I think I may have been misunderstood due to my erratic thinking. I was not comparing GTCO to Transcorp directly. Rather, I was pointing out the efficient way in which GTCO was sold off in 2022 by an entity, compared to how Zenith, Transcorp and other valuable stocks are currently being dumped. The entity behind the ongoing dumping stands to lose some capital given the approach, especially for Zenith which had been built up slowly over time. My theory is that the faster you move a price up or down by exerting demand/supply pressure, the lower the volume involved. |
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