phoinix:
LOL. Someone valued Nestle at 617.7, but I will even review it downwards due to the company's huge currency risks, despite the fact that it generates good profits and profits were projected to double.

Nestle Nigeria was loaned a total of $250 million by Nestle SA between 2020 and 2022, secured with a negative pledge on the company's assets. After revaluing its foreign currency denominated loans at 820 naira to the USD, the company recorded 124 billion Naira foreign exchange losses.

The foreign exchange losses are likely to increase in the annual reports in December as the USD is over 900 and counting. Dangote's sugar will also have its 80 billion Naira losses reviewed upwards.

If the Naira keeps depreciating, it would be smart to sell these stocks before report season and buy back lower after.

The foreign-denominated loans are now a source of problems for some of these companies. LOL

megawealth01:
Una no buy am when it was on offer but na during full bid una go come out... Kwantinue

emmanuelewumi:




What if other companies surprise us when they publish their audited financial report at the end of the year

dapix:


Go and open an account with MERISTEM, www.meritrade.com, and thank me later

stockbull:
#NIGERIAN STOCK EXCHANGE MARKET
I know the Nigerian stock exchange would experience mixed reaction very soon in this month as the longs would like to liquidate and short term investors would also want to rake their profits.in short,some investors will want to sell now and re -position next year.we all know that this year is the best in about five years of NSE performance adding almost two trillion to the market cap and may still be more. From 6.9tr to 8.8tr
anyone who understands the significance of periods and round numbers in stock trading may want to see december as a point of resistance and january as a point of support (from technical perspective)so whatever we gather now would result in our pick in jan and one tactic i will use is combining fundamentally and technically strong stocks for the pick as fundamental stocks may advance before technical stocks. Why ? Because investors are re gaining their confidence now and they would like to position their stock since more good companies results were given this year .so, this positioning will cause some stocks to start appreciation and before you are aware ,some profits have been made; but dont worry , i will try my best and play da game.

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eziokwunwoko:
Any meristem staff around. I want to transfer my shares from dead broker to meristem.

Heishere:
Other banks are printing profit. Unity bank is printing losses...

https://doclib.ngxgroup.com/Financial_NewsDocs/39398_UNITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

Mpeace:
When other banks are printing exceptional profits. They booked 35billion fx loss. While other have fx gains.

Mpeace:
When other banks are printing exceptional profits. They booked 35billion fx loss. While other have fx gains.

unite4real:


The losses from the second quarter Apr to June 2023 alone iwas 39B as against profit of 1B for same period in 2022.

The last quarter performances for banks was once in a blue moon performance and here is a fellow bank posting this.
It appears this bank had no single dollar in their vault upon the number of abokis that bank there. I hope they are not scamming investors.
Earning per share for 2022 Q2 was 29kobo and now for 2023 Q2 it's -664kobo. This is a very deep negative. Deep injury.
Something is not just adding up.
I have yet to properly dissect their report .

BullBearMkt:
DANGSUGAR More Accumulation Expected
In the coming days, we anticipate a decline in profit-taking activities for Dangote Sugar, with an expected increase in accumulation from its present price. Chart analysis however suggests a probable region where institutional investors might be poised to enhance their stock holdings.

PLAN YOUR TRADES AND TRADE YOUR PLANS

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

unite4real:


Expected accumulation implies either a hold or a sale at premium for existing holders of the shares

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

GreatEko:
Zenith bank Q2 result is out!!!

Interim dividend is N0.50.

https://doclib.ngxgroup.com/Financial_NewsDocs/39399_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf