yMcy56:

No much update received on many NGX stocks so far...
There's exit option available.

Agbalowomeri:


What is the valuation of Bitcoin? Where is the GDP supporting Bitcoin valuation?

thebargainhunte:
Never in the history of Nigeria has everything skyrocketed in price as we presently have. Everything is increasing in price, yet some people are complaining high price of stock market. Our market capitalisation is still below Egypt and South Africa market capitalisation. Una tink sey 1 trillion market capitalisation na child's play.

ExcessKJ:
Thank you very much. The customer care representative also advise I don't select Direct Cash Settlement, so I picked Cash account

Osamabinla:



I think there may be a rate hike albeit marginal. Just my opinion.

A rate hike for the ffg reasons:

1. Inflation figures released for Feb 2024 shows that inflation rate rose to 31.70%, up from 29.90% in January 2024, marking an increase of 1.80%. Also, month-on-month headline inflation rate in February 2024 reached 3.12%, an increase of 0.48% from January 2024’s rate of 2.64%. The inflation demon is still on its heightened mission.

2. The CBN Governor has made his stand known that achieving monetary and price stability is a major priority of his regime. Though, inflation figure is not the only yardstick used by the MPC committee to make MPR decision. There are several other factors.

3. Furthermore, while delivering his keynote address on Nov 24, 2023 at the Chartered Institute of Bankers of Nigeria (CIBN) 58th Annual
Bankers’ Dinner, the CBN Governor stated this - "the CBN is confident that with continued tightening measures for the next two quarters, we will be able to effectively manage inflation." In essence, we are yet to see the last of the rate hike if we are to go by this statement. These two quarters being referred to here are the 1st two quarters in 2024 (Jan to Jun, 2024).

4. Infact, when the last MPC meeting was conducted, Cardoso himself voted for the MPR rate to be hiked by 425-basis-points to 23 percent. However, the 12-member committee instead settled for a 400-basis-points hike to 22.75 percent. Cardoso’s rate target was the biggest after Aloysius Ordu, who voted for an increase of 450 basis points, confirming him as one of the most hawkish members of the MPC.

Source: https://businessday.ng/business-economy/article/for-cardoso-nigerias-jumbo-rate-hike-was-not-big-enough/

5. Furthermore, despite the outcry on rate hike, this is not the highest rate hike in the history of Nigeria. In 2001 when we experienced similar situation, the MPC committee did a 650 basis point hike, jacked up 1year TBills to around 22% from 15%, increased CRR drastically, etc. Same orthodox methods being used back then is being used now. Cardoso is of that era, time and age so he knows what he is doing. Its deliberate.

There are some other reasons that I can give that points to a further rate or why it should be increased but make I stop here.

6. On flipside, the worst case scenario is to keep the rate flat as Cardoso and Aloysius Ordu are not the only members of the MPC committee. Other majority members may vote flat. But lets wait and see as the next MPC meeting is now scheduled to hold on Monday and Tuesday next week (March 25 and 26, 2024).

These are just my hypothesis.

BabsO2:


My average for FBNH before I started selling small small was N5
Due to devaluation, the so called high prices of banks is not real. As the prices are better underpinned by book values and EPS unlike previous peaks. So there are probalilities for further upsides if impairment charges do not create much damage. Also if all these examinations do not turn up something bad. https://moneycentral.com.ng/exclusive/article/panic-in-banks-as-cbn-sends-special-examiners-over-n20trn-owner-related-loans/

Streetinvestor2:
It is not extreme if truely you have been in this market for long.I have seen zenith touch #70 when dollars was less than #200 , Fbn #60 etc.Then I had only 20,000 of zenith. I kept regretting not selling and making my first I million in stock market..I bought 10,000 units of fbn during PO at #33.00 which is part of my holdings till date before averaging down

Streetinvestor2:
Dollar gang how market. Panic sell about to be triggered if you no believe go ask aboki for street. Dey no gree buy #1500 as of today ....wahala

emmanuelewumi:


Get in touch with your account officer or send a mail to consumer finance @ united capital

emmaodet:
Please house, can the gurus explain with a calculation how i can go about this?
Read it on @the intelligent investor@ and just want more light on it.

1. Earnings growth - A minimum increase of at least one-third in per-share earnings in the past ten years using three-year
averages at the beginning and end

2. Moderate price to earnings ratio - No more than 15 times average earnings of the past 3 years

lionshare:
I cant fathom why the south african JSE has ASI value close to a trillion dollars yet the nation's GDP is less than $500B.

chillykelly86:


Please can we allow divergent opinions on this platform? Even if you're 100% certain the uptrend will continue (of which no one can perfectly predict market direction), listening to divergent arguments and counter-arguments only strengthen your position making you a better decision maker.

Fundamental Analysis has become so shallow here and I am wondering. TA and FA are important but FA is more important for long term investors and value investors. They are needed in both bull and bear markets. Don't let your desire to have your short term calls right make you degrade the value of FA from diverse perspectives.

ositadima1:




[color=#000099]He gave this example:

1. Earnings growth - A minimum increase of at least one-third in per-share earnings in the past ten years using three-year averages at the beginning and end:

Let's assume a company called ABC Ltd. had the following earnings per share (EPS) figures in Naira:

2013-2015 average EPS: ₦2.50
2020-2022 average EPS: ₦4.00

In this example, the EPS grew from ₦2.50 to ₦4.00 over the 10-year period, which is an increase of 60% using the 3-year averages at the beginning and end. This meets Graham's minimum threshold of a one-third (33%) increase in EPS.

2. Moderate price-to-earnings ratio - No more than 15 times average earnings of the past 3 years:

Continuing with the example of ABC Ltd., let's assume the company's current share price is ₦75, and its average EPS for the past 3 years (2020-2022) is ₦4.00.

The price-to-earnings (P/E) ratio would be calculated as:
P/E ratio = Current share price / Average EPS for the past 3 years
P/E ratio = ₦75 / ₦4.00 = 18.75

In this case, the P/E ratio of 18.75 would exceed Graham's recommended maximum of 15 times the average earnings of the past 3 years. Therefore, ABC Ltd. would not meet this specific criterion for a "Defensive Investor" stock pick based on Graham's guidelines.

It's important to note that these are hypothetical examples, and actual Nigerian companies would need to be evaluated based on their reported financial statements and stock prices.

Additionally, Graham's criteria should be used in conjunction with other fundamental analysis techniques and adjusted for current market conditions and inflation levels in Nigeria.

Streetinvestor2:
Dollar gang how market. Panic sell about to be triggered if you no believe go ask aboki for street. Dey no gree buy #1500 as of today ....wahala

chillykelly86:


If this turns out to be true (panic selling of forex), it should augur well for the market. But, it might also drive inflation higher.

Beyond that, the major question will be if the government has deciphered means to keep forex speculation in check. Else the cycle is bound to repeat.

KarlTom:
c

floydmayweather:
Hello Pa emma. Please which investment house/stockbroker can I use to buy FGN 10years bonds if I have less than N50million. Let say I have 10-15million.

thebargainhunte:


Check USA total stock market capitalisation and you would see that see that the capitalisation is about 49 trillion dollar while the GDP is about 25 trillion dollar. Stock valuation has no direct impact on GDP because we value stocks base on sentiments, sectors and country etc. Sometimes when the market capitalisation is greater than the GDP it means overvalued stock market, but we can have market capitalisation that is greater than the country's GDP. GDP is goods and services produced in a country in a year,it means that the goods and services produced by those companies that make up the stock market in a year cannot be more than the country's GDP in that year.

floydmayweather:
Hello Pa emma. Please which investment house/stockbroker can I use to buy FGN 10years bonds if I have less than N50million. Let say I have 10-15million.

emmanuelewumi:



You can use the historical percentage of the stock market capitalization and the country's GDP to determine if the general stock market is over valued.

You need data of over 20 years to do this.

Someone said the average for Nigeria is about 40% of our GDP

emmanuelewumi:
Relationship between market capitalization and GDP from Investopedia

thebargainhunte:
This has been my stand that our market is still undervalued even at this current rate. We should be talking about 100 billion(usd/naira) capitalisation by now.

megawealth01:


If only you know how some people talk to people unruly that can feed their entire generation in a faceless platform just because they can all type...

MATURITY is what makes real elders ignore certain attention seekers

megawealth01:
Today's Top Volumes Trades

Zagee:


New listings are what is required to have this. We need more lively coys on the bourse. NNPCL and Dangote Refinery adds about 5-10trillion to it. We just have to create the enabling environment for such traction. E.g includes but not limited to not having Stupid people anywhere at the seat of governance.
Without sounding political, this was why OBI had a visit to the LSE during his tour. I think bulaba had some run-ins with other exchange I think.

W0t0w0toman:


Small yansh dey shake. Upload your statement of account let me upload mine, and let's see who can feed each other's generation. Yamayama fall on your big bald head. Do it now

thebargainhunte:
This has been my stand that our market is still undervalued even at this current rate. We should be talking about 100 billion capitalisation by now.