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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:40am On Oct 19, 2021
currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .

it N28 stock, if investors look at the growth rather than the current eps and pe

Q3 2021 will likely direct us more.

Fingers crossed

Cc @Mercy

for me & my household i will wait for bear to bit d stock before any buy cheesy


grin grin grin grin grin


Which stock are you talking from
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:43am On Oct 19, 2021
currentprice:


Q3 performance superb compare to what they made in the first 6 months of the year.

Eps for Half year 52k
Eps for Q3 99k

I can see now the reason for the surge in price. insider saw d result long time before now embarassed

grin grin grin



They are also making good money from their asset backed loans and salary advance loans, total loans increased from N24 billion in 2020 to N77 billion in 2021.

I am currently enjoying an asset backed loan at 15% per annum from them
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:45am On Oct 19, 2021
emmanuelewumi:



Which stock are you talking from

NGX group

cheesy

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by locodemy(m): 11:57am On Oct 19, 2021
currentprice:


NGX group
?
cheesy

Was this not your commentary on Ucap last week?
Re: Nigerian Stock Exchange Market Pick Alerts by megamart247(m): 12:47pm On Oct 19, 2021
currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .

it N28 stock, if investors look at the growth rather than the current eps and pe

Q3 2021 will likely direct us more.

Fingers crossed

Cc @Mercy

for me & my household i will wait for bear to bit d stock before any buy cheesy


grin grin grin grin grin

What is your take on Transcorp?
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:51pm On Oct 19, 2021
currentprice:


NGX group

cheesy


Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 1:22pm On Oct 19, 2021
emmanuelewumi:



Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

my calculation was based on 1.96B outstanding share. haven't factor in the plan share they wanted to allocate for the worker, such dilution will make my fp incorrect. Total liabilities as at 2020 Audit report was around 3,8b including payable and other liabilities, the earning plus dep. was around 2.4b. so liab. can be pay off with their earnings within 2 years.

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:39pm On Oct 19, 2021
currentprice:


my calculation was based on 1.96B outstanding share. haven't factor in the plan share they wanted to allocate for the worker, such dilution will make my fp incorrect. Total liabilities as at 2020 Audit report was around 3,8b including payable and other liabilities, the earning plus dep. was around 2.4b. so liab. can be pay off with their earnings within 2 years.

Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:43pm On Oct 19, 2021
emmanuelewumi:


Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

cool cool
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 1:49pm On Oct 19, 2021
emmanuelewumi:


Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

NGX also have about 22b investment securities and other associates as at 2020 financial year

i will like to see cscs data

grin grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 2:39pm On Oct 19, 2021
currentprice:


NGX also have about 22b investment securities and other associates as at 2020 financial year

i will like to see cscs data

grin grin


Referring to income generating and highly liquid financial assets. They have real estates.


NGX has the potential to grow if management will not do business as usual

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 7:16pm On Oct 19, 2021
locodemy:


Any stock I purchased and the daily trade signals sell I will do that without looking for profit.
I made 17% in mansard, Japaul sold at Neutral....No gain no loss.For chams.....I still hold and looking for a way to average down in this Fintech company with brighter future.Bought at 21kobo.

Now I am over 10% in Royalex, I am over 30% in champions.I am 6% in Transcorp and today I joined ubn currently 3.6%

Tomorrow we move on.Any of my stocks that signals sell will automatically leave my portfolio and fund will be available for another stock whether at profit or loss .I don't keep stocks like most of you do and I don't rely on fundamentals much.Technicals/sentiments helps a trader than fundamentals.

Hmmm !! Ride on shaaa ... as far as you are making more profits than losts
Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 7:38pm On Oct 19, 2021
emmanuelewumi:



Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

The shares they intend to allocate to their staff is currently been warehoused in their current issue.

Additional shares will not be issued for that purpose.

A clarification to this effect was made earlier this month, and also during the AGM held last month.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 7:41pm On Oct 19, 2021
Certainly they wont be managed like a civil service entity anymore.

They are now profit oriented and the stakeholders who hold majority shares would want to be rewarded.

Dont forget that they have shareholdings in CSCS, NASD and FMDQ.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:32pm On Oct 19, 2021
Standardguy:
God bless you abundantly. This statement convinced me to hold on to my UCAP and even buy more. Your comments are outstanding and can hardly be faulted. Many thanks.....
Amen!!
God bless you too dear bitL.
I checked the date of the quoted post, saw that it was posted in Feb 2021 and I'm particularly happy that you waited it out.......and most importantly, it delivered and still delivering. smiley
Kudos bro!

Shout-out to @currentprice on this UCAP in particular and shout-out to Oga OGG as well.
God bless you Sirs.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:42pm On Oct 19, 2021
currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .
it N28 stock, if investors look at the growth rather than the current eps and pe
Q3 2021 will likely direct us more.

Cc @Mercy

grin grin grin grin grin
Thanks CP.
As far as I'm concerned, NGXGROUP na N28 naira stock according to your bedsheet...... anytime e like, make e waka reach there........ grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:51pm On Oct 19, 2021
emmanuelewumi:



Referring to income generating and highly liquid financial assets. They have real estates.


NGX has the potential to grow if management will not do business as usual

They probably won't have made any profit if not for income from those assets. That's just based on what I saw from there FY 2020 print. There expenses was more than their earnings for the year.
Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 12:52am On Oct 20, 2021
yMcy56:

Thanks CP.
As far as I'm concerned, NGXGROUP na N28 naira stock according to your bedsheet...... anytime e like, make e waka reach there........ grin
They have the potential to go beyond N28 in the medium term when you consider the over $18 billion Dangote Refinery listing, NNPC listing as well as the intra Africa exchange which should happen next year hopefully.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 4:24am On Oct 20, 2021
debeey87:


They probably won't have made any profit if not for income from those assets. That's just based on what I saw from there FY 2020 print. There expenses was more than their earnings for the year.


That is the tradition for years.


If you are not lucky to have bought at less than N20 on NASD platform, no point buying now until after the current euphoria unless you plan to hold for a minimum of 2 years and above

Some uninitiated bought at N24 on NASD.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 10:01am On Oct 20, 2021
Should we go to CSCS then?
Re: Nigerian Stock Exchange Market Pick Alerts by locodemy(m): 10:26am On Oct 20, 2021
This morning my attention is drawn to pz.
I am seeing more than 100% value in this stock.
Just speculation but I don't know how it will happen.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:35am On Oct 20, 2021
Green sighted generally across board in the early hours of today's trading.......
Zenith touched 25....

NGXGROUP: Getting lots of attention....
Lots of cross deals....

GTCo on the move.......now @29.95..
Re: Nigerian Stock Exchange Market Pick Alerts by locodemy(m): 10:40am On Oct 20, 2021
Courteville renews strength
Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 10:56am On Oct 20, 2021
FBN guys gradually showing up...... smiley
Coming out of Lagos traffic.......

Lady yMCy56 any update on FBN today? Why the free fall?

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:09am On Oct 20, 2021
Dollarwoman:

FBN guys gradually showing up...... smiley
Coming out of Lagos traffic.......

Lady yMCy56 any update on FBN today? Why the free fall?
Some pullback up to 10.80 witnessed earlier, now back to10.95/11.....
We hope the heavy buyer show up today again.....cos the units of shares he's planning to pick has not yet reached the target........according to news/hearsay o. grin

**Caveat: Not any form of advice**

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 11:37am On Oct 20, 2021
locodemy:
This morning my attention is drawn to pz.
I am seeing more than 100% value in this stock.
Just speculation but I don't know how it will happen.


Loco are you already or about to?
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:05pm On Oct 20, 2021
FBNH
Mopped up to 11.60 not long ago.......

11.75 as at now..........deep pockets at work...... smiley

@11.85.........colour don turn green....... tongue
Re: Nigerian Stock Exchange Market Pick Alerts by locodemy(m): 12:08pm On Oct 20, 2021
Dollarwoman:



Loco are you already or about to?

I am ready to go but looking for a significant volume that will match me.
Keep your eyes on pz.
Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 12:10pm On Oct 20, 2021
It will definetly go back to 12 and above.
Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 12:11pm On Oct 20, 2021
Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 12:27pm On Oct 20, 2021
yMcy56:

Amen!!
God bless you too dear bitL.
I checked the date of the quoted post, saw that it was posted in Feb 2021 and I'm particularly happy that you waited it out.......and most importantly, it delivered and still delivering. smiley
Kudos bro!

Shout-out to @currentprice on this UCAP in particular and shout-out to Oga OGG as well.
God bless you Sirs.
I also bought UCAP last year after reading the analysis on this thread. More than 50% up. I appreciate the people here and the conversation.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by gbengafaro1986: 12:53pm On Oct 20, 2021
locodemy:


I am ready to go but looking for a significant volume that will match me.
Keep your eyes on pz.


;DWatching closely also

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