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Nigerian Stock Exchange Market Pick Alerts - Investment (3942) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:34pm On Sep 20, 2018
MonkeyHunter:


I am not a monkey hunter o!

I am THE monkey hunter.

I however didn't preach First Aluminium o! I only asked that she should rely on her interpretation of company's financials in judging the prospects of the company instead of relying on opinion of gurus especially when the gurus have not looked at the financials but are anchored to a preconceived notion of the company and its prospects.





Lol at THE monkey hunter..
Anyway she asked what the company is selling so they answered her and also advised her not to buy aluminum when there’s asphalt shingles..
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:39pm On Sep 20, 2018
MonkeyHunter:


Yes I have a bid there.

I also made a 10% gain twice this week trading the stock

Chai I knew this oga is already in this boat..
nice one grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:41pm On Sep 20, 2018
wanaj0:
What are the ratios? Profit margin? From revenue of N10bn you make a profit of N200m! Excellent tongue
Profit for the company dropped from N177m to N42m between 2016 and 2017! Na improvement be that? Ok ooooo.

This my boss is too much!
This is so perfect! Arguing with facts and figures, not sentiment.

....but come o, na the kind assignment Oga MH say make I do be this! shocked
I reject failure in this subject and in my life IJN. smiley

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:43pm On Sep 20, 2018
wanaj0:


Numbers don't tell the whole story!

What do you use to gauge the future? A company whose profit dropped from N177m to N42m??

What is the future of Aluminium industry in Nigeria? What are the key risks? How is First Aluminium managing those risks? What competitive advantage does First Aluminium has? Who are the competitors? Do they have a monopoly? Can they control the price? Many questions that the so called numbers don't speak to!

Great.
...But we both know that Nos when properly interpreted are a GREAT INVESTMENT GUIDE to better decision making.
This is where I have my inclination. ...this is KEY.
To all the questions u raised, that's why I referenced that quote and also a part of the reason I said I do have some reservations about the company.

NOTE: I do NOT own a share in First Aluminium. ...but am open to the possibility of keying in in future.

Regards.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 12:59pm On Sep 20, 2018
wanaj0:


How do you know that people did not look at the result?

What is there to see? Attached is the latest financial statement.


http://www.nse.com.ng/Financial_NewsDocs/21594_FIRST_ALUMINIUM_NIGERIA_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

If you look at the 5 year Group result, did you see any consistent GROWTH in Revenue?

The company has NEGATIVE retained earning of about N1.6bn. It will take about 8 years for the retained earnings to turn positive before you can think of earning any dividend based on current run rate.

What are the ratios? Profit margin? From revenue of N10bn you make a profit of N200m! Excellent tongue

Profit for the company dropped from N177m to N42m between 2016 and 2017! Na improvement be that? Ok ooooo.

Comments made on First Aluminium

"Dead body must shake body and get lifted before e finally rest for ground level 20K"

"Can't remember the last time that company declared profit or pay dividend. They are an Aluminium company that is completely left behind!"

"She may just be waking up from sleep. That's the only thing that came to my mind when I saw her post. But still, people make money from dead companies, she might succeed."

"Na only maggot dead body go brew. That company is returning back to DUST."

The above comments are not justified and can't have been made by someone that looked at the financials.

1)The company is not dead.
2)It is not loss making.
3)It is not over priced.
4)20k (Market Cap of N420m) will be a gift to whoever buys it given the profitability (N210m) and shareholder's funds (over 5bn).

Am I advising people to buy? No.
Is the group result of more relevance to shareholders than company results? In my opinion, Yes
Has group profitability iimproved ver the the past four years? Yes from N29m to N209m
Are the profitability margins poor? Yes and that has been reflected in the price. The company is however making sales of over N9bn annually and if the margins improve the profitability shoots up.
Is this an attractive take over candidate? Yes

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 1:11pm On Sep 20, 2018
MonkeyHunter:


Comments made on First Aluminium

"Dead body must shake body and get lifted before e finally rest for ground level 20K"

"Can't remember the last time that company declared profit or pay dividend. They are an Aluminium company that is completely left behind!"

"She may just be waking up from sleep. That's the only thing that came to my mind when I saw her post. But still, people make money from dead companies, she might succeed."

"Na only maggot dead body go brew. That company is returning back to DUST."

The above comments are not justified and can't have been made by someone that looked at the financials.

1)The company is not dead.
2)It is not loss making.
3)It is not over priced.
4)20k (Market Cap of N420m) will be a gift to whoever buys it given the profitability (N210m) and shareholder's funds (over 5bn).

Am I advising people to buy? No.
Is the group result of more relevance to shareholders than company results? In my opinion, Yes
Has group profitability iimproved ver the the past four years? Yes from N29m to N209m
Are the profitability margins poor? Yes and that has been reflected in the price. The company is however making sales of over N9bn annually and if the margins improve the profitability shoots up.
Is this an attractive take over candidate? Yes







Chief, that a "corpse" is yet to be buried does not mean its "alive" to me. Not a problem, ride on with First Aluminium. Am also looking for a similar company to make money off.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:12pm On Sep 20, 2018
MonkeyHunter:


I am not a monkey hunter o!

I am THE monkey hunter.

I however didn't preach First Aluminium o! I only asked that she should rely on her interpretation of company's financials in judging the prospects of the company instead of relying on opinion of gurus especially when the gurus have not looked at the financials but are anchored to a preconceived notion of the company and its prospects.





So many FALSE assumptions! Nothing in the numbers is an indication of a healthy company!

The prospect of the company is evident in the market place.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:17pm On Sep 20, 2018
onegentleguy:


Great.
...But we both know that Nos when properly interpreted are a GREAT INVESTMENT GUIDE to better decision making.
This is where I have my inclination. ...this is KEY.
To all the questions u raised, that's why I referenced that quote and also a part of the reason I said I do have some reservations about the company.

NOTE: I do NOT own a share in First Aluminium. ...but am open to the possibility of keying in in future.

Regards.

I do own First Aluminium when they were 'profitable' and sold leaving a little so as to continue to 'check' what is happening. Nothing has changed in that sector. Competition is stiff. ALSCON is still moribund. First Aluminium is struggling!

So what are the number's sayings?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:22pm On Sep 20, 2018
MonkeyHunter:


Comments made on First Aluminium

"Dead body must shake body and get lifted before e finally rest for ground level 20K"

"Can't remember the last time that company declared profit or pay dividend. They are an Aluminium company that is completely left behind!"

"She may just be waking up from sleep. That's the only thing that came to my mind when I saw her post. But still, people make money from dead companies, she might succeed."

"Na only maggot dead body go brew. That company is returning back to DUST."

The above comments are not justified and can't have been made by someone that looked at the financials.

1)The company is not dead.
2)It is not loss making.
3)It is not over priced.
4)20k (Market Cap of N420m) will be a gift to whoever buys it given the profitability (N210m) and shareholder's funds (over 5bn).

Am I advising people to buy? No.
Is the group result of more relevance to shareholders than company results? In my opinion, Yes
Has group profitability iimproved ver the the past four years? Yes from N29m to N209m
Are the profitability margins poor? Yes and that has been reflected in the price. The company is however making sales of over N9bn annually and if the margins improve the profitability shoots up.
Is this an attractive take over candidate? Yes







A 'good' company BUT

1) Not paid dividend in years
2) Profitability dropped in its 'core business' (Company result)
3) Negative retained earnings will take 8 years to turn positive at current 'run rate'.
4) POOR margins

Candidate for take over? YES.

I can only recommend such companies for an Undertaker like Jimoh Ibrahim. Jimoh Ibrahim love such companies because they are good for asset stripping. He will help hasten their death.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:27pm On Sep 20, 2018
Mcy56:
I think it's not right to easily name-call anyone trying to give information on any stock, especially when it's been fundamentally backed up, when there's no fact or figure to counter it.
Everyone should do his/her DD thereafter I believe. Let's not be hasty to discourage anyone.
A student's opinion anyway. tongue

Apologies for hastily discouraging you.

I now humbly hastily encourage you to BUY First Aluminium.

Thanks.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 1:28pm On Sep 20, 2018
wanaj0:


A 'good' company BUT

1) Not paid dividend in years
2) Profitability dropped in its 'core business' (Company result)
3) Negative retained earnings will take 8 years to turn positive at current 'run rate'.
4) POOR margins

Candidate for take over? YES.

I can only recommend such companies for an Undertaker like Jimoh Ibrahim. Jimoh Ibrahim love such companies because they are good for asset stripping. He will help hasten their death.

My bad. Apologies for the accusation.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:30pm On Sep 20, 2018
wanaj0:


I do own First Aluminium when they were 'profitable' and sold leaving a little so as to continue to 'check' what is happening. Nothing has changed in that sector. Competition is stiff. ALSCON is still moribund. First Aluminium is struggling!

So what are the number's sayings?

I decided early in my investment life NEVER to romance anyone ( I am transgender.. grin) that when the odds take an audit of my clandestine activities, I can not marry... grin
Now that great companies are priced like crayfish, how on earth will I even bother about pricing rotten fish.. grin
Negative retained earnings is like terminal illness on NSE. Even the healthy ones (with cooked numbers) can drop dead any day.. grin
If anyone wants us to do contribution, let it be outside the trading floor, and let us sign terms of agreement, I CANT add my bid!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:30pm On Sep 20, 2018
FO
- sp breaking above prev month close & testing 50dma (10wkMA)
- wkly RSI finds its way above oversold levels
- bears taking a much needed break
- next comes d ''lower high''
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 1:33pm On Sep 20, 2018
wanaj0:


Numbers don't tell the whole story!

What do you use to gauge the future? A company whose profit dropped from N177m to N42m??

What is the future of Aluminium industry in Nigeria? What are the key risks? How is First Aluminium managing those risks? What competitive advantage does First Aluminium has? Who are the competitors? Do they have a monopoly? Can they control the price? Many questions that the so called numbers don't speak to!

This is FA at it's best. Amazing!

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:35pm On Sep 20, 2018
fxuser:
FO
- sp breaking above prev month close & testing 50dma (10wkMA)
- wkly RSI finds its way above oversold levels
- bears taking a much needed break
- next comes d ''lower high''


grin
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:36pm On Sep 20, 2018
Transcorp
- defense hv moved above 1.20
- consolidation ongoing
- out of entry zone , entries here can be shaken out


#spectator
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:38pm On Sep 20, 2018
wanaj0:
Apologies for hastily discouraging you. I now humbly hastily encourage you to BUY First Aluminium. Thanks.

Sir, now you are not been fair to me.
......but I must commend you for your posts meant to inform the forum on why investing in Firstalum is a risky venture at this point in time. I've gained quite a lot within this short period. Thanks sir. cool
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:39pm On Sep 20, 2018
fxuser:
Transcorp
- defense hv moved above 1.20
- consolidation ongoing
- out of entry zone , entries here can be shaken out


#spectator

I am awaiting the wall of Jericho to be broken from inside for me to pick some gems... grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:39pm On Sep 20, 2018
Oando
- peeping above n5 to see were dem Manga people de hide
hehehe
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:40pm On Sep 20, 2018
DeRuggedProf:


I am awaiting the wall of Jericho to be broken from inside for me to pick some gems... grin

grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 1:41pm On Sep 20, 2018
fxuser:
Oando
- peeping above n5 to see were dem Manga people de hide
hehehe

LOL. Manga and those Lebanese...
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:44pm On Sep 20, 2018
FCMB
- if ur buying here , where u wan put ur stop loss ?

#patience
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:46pm On Sep 20, 2018
Mcy56:



Sir, now you are not been fair to me. embarassed
I wasn't in any way referring to you but those that were name calling MH as monkey hunter without having any cogent reason for saying so.
I wouldn't have even hailed your counter argument if it were to be so.

Well, it's one of those things......but I must commend you for your posts meant to inform the forum on why investing in Firstalum is a risky venture at this point in time. I've gained quite a lot within this short period. Thanks sir.



I make bold to say he is who he is as you too has just done... grin
Very few people here point out good stocks where they hold no positions, but have seen value!
Whenever I decide to pump a stock and dump, I make sure I NEVER call attention to it here (we are a family). P/D or market mechanics is risky!

Wanaj0 always bring a microscope to the table.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:49pm On Sep 20, 2018
Diamond
- trading below its recent highest weekly close set at 1.33 (lower high in place)
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:51pm On Sep 20, 2018
fxuser:
FCMB
- if ur buying here , where u wan put ur stop loss ?

#patience

Some put their stop loss in the end of year 10k dividend... grin
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:54pm On Sep 20, 2018
Dng Flour
- downward slope is less stepper


#slowingDown
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:56pm On Sep 20, 2018
DeRuggedProf:


Some put their stop loss in the end of year 10k dividend... grin

loll . . d future dividend yield forecast approach , d pipu looking at low PE tables in ascending order lolxx

#chai
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:57pm On Sep 20, 2018
Japaul

- ever re-distributing money amongst retail traders like MMM lolx
(Jegede is watching u pipu wt corner eye)
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 2:01pm On Sep 20, 2018
DeRuggedProf:


I decided early in my investment life NEVER to romance anyone ( I am transgender.. grin) that when the odds take an audit of my clandestine activities, I can not marry... grin
Now that great companies are priced like crayfish, how on earth will I even bother about pricing rotten fish.. grin
Negative retained earnings is like terminal illness on NSE. Even the healthy ones (with cooked numbers) can drop dead any day.. grin
If anyone wants us to do contribution, let it be outside the trading floor, and let us sign terms of agreement, I CANT add my bid!

The more reason why I asked what is the attraction? Would like to understand the screening criteria that will make First Aluminium even appear on the list considering the opportunities on the NSE.

Anyway, discouragement is illegal. We all must become Barnabas (son of encouragement)

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:03pm On Sep 20, 2018
DeRuggedProf:
I make bold to say he is who he is as you too has just done... grin
Prof, go and edit my mention you quoted. He's just been sarcastic johr! grin
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:05pm On Sep 20, 2018
fxuser:
Diamond
- trading below its recent highest weekly close set at 1.33 (lower high in place)

daily chart shows a recent series of lower highs and higher lows forming a symmetrical like triangle while the 50dma is flattening out

consolidation or bottoming ??

#Observing
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:07pm On Sep 20, 2018
Skye
- still doing skye tinz

cool

a decent MTD . .

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