yMcy56:
ZENITH:
Moneybags are reasoning it's matter........Much accumulations and cross deals @23.70......

UACN:. Quite some crossings @10.40....…...seems like more directors or ogas on top are picking their stakes ........

ETERNA: On full bid @7.26........anything brewing here?

locodemy:


Oando is next.The technicals of oando is improving

Lion123:


Oando is only for the extremely brave.

yMcy56:
E Ku Market o.

Those last minutes trades though!!
UCAP, Zee, Regal, Chi Plc, FBNH, Sterling, Royalex....
Dangsugar just gathering momentum....15M block crossing @17.80....... Chai!
UCAP: @6.30......... Megawealth go sleep so tey for his junction......just as Peter is still waiting for SEPLAT at 150......

emmanuelewumi:
Seplat at N150, with God nothing is impossible. Just have faith like mustard seed

sonofElElyon:


I can only act when there's money available to act with, which is why I asked for CURRENT standings NOW that I'm ready . It's been months in between I believe.
Anyway it's all good

119mba:

Shout out to @Onegentleguy.
He gave reasons suggesting that if the same indices of valuations is used, REGALINS & SOVRENINS should be trading within the same price range as ROYALEX (Equation Xp=Y where Y=2).

He also hinted at the possibility of a Merger for them as the deadline by NAICOM draws near in SEPTEMBER.
I will share the Links later when am relax enough to find them.

ositadima1:


Oga, let me start with that I don't claim to be an expert in these matters. I feel that our small forum, NSEMPA, is lacking in a lot of ways. Cos, spending some time on reddit and other foreign forums opened my eyes to what it really takes to trade in ways similar to what professionals do.

Apart from a few individuals on this forum, most of the discussions held here are elementary or primitive, lol. I hope u look beyond this forum and see for ur self.

In my limited view, 98% are buy&hold who use fundamentals to select investments. The rest are just tagging along.

And yes, traders, that is people who depend on shorter time market inefficiencies need math beyond addition and subtraction. A good knowledge of introductory statistics and probability is very useful. Well, once again, if u do more of trading than buy & hold, I suggest u also check out other foreign forums.

sonofElElyon:
Kindly give the top 5 picks in the insurance sector in descending order (first to last)..

Ours the risk of course

119mba:
@yMcy56: I agree. His post is always detailed.
Well-done dear, you are appreciated.

NOTE: I edited my Post above to include the Links.

locodemy:
Market has sent them to village.
Valentine Nwoke has explained.

yMcy56:

The post you quoted already gave more than enough answer to your inquiry.

119mba:


You guys should look the direction of REGENCY ALLIANCE.

Shout out to @Onegentleguy.
He gave reasons suggesting that if the same indices of valuations is used, REGALINS & SOVRENINS should be trading within the same price range as ROYALEX (Equation X=Y where Y=2).

He also hinted at the possibility of a Merger for them as the deadline for Recapitalization by NAICOM draws near in SEPTEMBER.

I actually saw articles that reference REGENCY ALLIANCE "may" go the way of Merger with NEM INSURANCE.

Mind you, this may, or may not happen.
It May also depend on if they are able to raise enough funds to shore up to the required Capital from existing Shareholders, General public or from Private Partnership.

These are the Links below:

https://investogist.com/the-case-of-regency-alliance-insurance-plc-merger-or-recapitalization/

Nairametrics:

https://nairametrics.com/2017/03/04/deal-regency-alliance-and-nem-insurance-merge-in-ghana/

Edited!!

yMcy56:

Thanks sir.
Checked the link and saw 2018 date, don't you think there must have been some updates there?
Also says Ghana.......we needed to be on the lookout for the Nigerian version .....don't you think?

yMcy56:

Any insurance lover who can take time to go thru the referenced post (by OGG) will know which ones to try out.....

I equally fished out Royalex here last year or so, anyone that picked @22/23k and was patient will be smiling now.......
ROYALEX closed @83k........that's around +300% gain....
I'm watching STI and Chi too.......
Chi already moved from 33k, closed @51k today.

** Not any form of recommendation. DD applies**

Mpeace:
So after seeing this today, I now think I have to invest in uacn from tomorrow.
Disclaimer : Not a buy recommendation.

119mba:
Yes Nairametrics ran that article back then when Ghana Merger happened. But our NAICOM was not too pressing on Recapitalization back then that time. Now there is deadline, they may Consider it since sourcing for Funds from Public may be tight with Nigeria's economic crunch.
The second article from Investogist.com is more recent, last year I suppose.

sonofElElyon:
Hmmmmm

yMcy56:

Lol.
Mcy is not supposed to talk about insurance stocks. My ogas-on-top don't like it and I don't want to offend them.

yMcy56:
E Ku Market o.

Those last minutes trades though!!
UCAP, Zee, Regal, Chi Plc, FBNH, Sterling, Royalex....
Dangsugar just gathering momentum....15M block crossing @17.80....... Chai!
UCAP: @6.30......... Megawealth go sleep so tey for his junction......just as Peter is still waiting for SEPLAT at 150......

onegentleguy:

For those still wondering why the price of certain coys(including some select few in the banking sector) aren't dropping, there should be no surprises.
I believe the answer lies somewhere btw the posts above.

Personally, I do not foresee a deep bear mkt.
A correction/pullback amidst a slow rise in price every now and then should be more like it. (well, for now)
It will however not be across board... but along select sound/healthy coys.

If u were an investor in say ZENITH, UCAP FIDELITY, DANGOTE SUGAR, GTB or other high capital growth/yield asset and u decide to liquidate ur holding now, where will u put/divert the funds to? What investment security channel with less volatility/risk can guarantee better return? One that can be positive after adjusting for surrounding risk.(real return in view)
Maybe cryptocurrencies... which unfortunately, is not a language that folks like PFAs, FPIs, DPIs, HNIs and many retail mkt players 'will like to understand'.

The truth is: The current misgivings in our economy has created an expanded risk premium that leaves little room to play around other alternative investment channels. ...in other words unlike in the past, there are not too many rewarding options to tap from and so 'you've got to make do with what's on ground for now.'

And for those wondering why I didn't mention hold cash... well, think of the 'twin evil' of inflation and devaluation, and remember that the cash u'd want to hold is the Naira. Needless to say that it makes absolutely no sense leaving ur cash idle in the bank. At this time, ur cash (naira) isn't king... it's a slave, unless it's making more money for u.(more than enough to cover enough ground)

The only other reasonable option will be to hedge upon stronger currencies (fx conversion, aligning with dollarized FI instruments and/or holding fx-related asset) but then again, there'll be need for careful planning to ensure u derive more when compared to holding certain select equities.
Some key names in equities can still deliver good RRM should we peg a projected timeframe... hence the reason they are holding up.

It is well.