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Nigerian Stock Exchange Market Pick Alerts - Investment (8708) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Youngzedd(m): 4:56pm On Jan 23
GDP Rebasing Should Not Be Used To “Water Down” Nigeria’s Challenges – MAN DG

https://nairametrics.com/2025/01/22/gdp-rebasing-should-not-be-used-to-water-down-nigerias-challenges-man-dg-advises/



grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Makanjuola89: 5:26pm On Jan 23
JAPAULGOLD!!!
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 5:40pm On Jan 23
ojeysky:


No way Zenith and GTB will move without slight movement in Access/UBA it's just people's instinct. If not for access and their buy buy up and down UBA should not be senior to them

If not for the problem there won't be a problem.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 5:41pm On Jan 23
Redoil:
what about share dilution due to the right issue

Banks use money to make money. Having more money only means they will make even more money. Hence return on equity is important.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Makanjuola89: 5:42pm On Jan 23
Japaul has Landed!!!

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:43pm On Jan 23
Makanjuola89:
Japaul has Landed!!!

Over to Mr Market
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 7:08pm On Jan 23
Makanjuola89:
Japaul has Landed!!!

Please can you share reference to this?
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 7:12pm On Jan 23
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:18pm On Jan 23
Don't be deceived by those figures look closer... wink

Makanjuola89:
Japaul has Landed!!!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:19pm On Jan 23
I'm a bit confused with the Q3 and FY figures.

I've not had time to look at it thoroughly though...
Sunrisepebble:
N5.42 EPS for a quarter wow. This is on my buy radar at good entry
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:31pm On Jan 23

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 7:33pm On Jan 23
I just briefly went through the FS also. That EPS is high but there’s something going on with the finance income and expense. Will do more research when I’m chanced
KarlTom:
I'm a bit confused with the Q3 and FY figures.

I've not had time to look at it thoroughly though...
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:35pm On Jan 23
NIGERIA BREWERIES
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 7:59pm On Jan 23
Locotrader:


It's obvious.
In 2008,I bought some insurance companies like staco,GNI,Niger etc at #1 plus each and sold after making 100%.In my eyes almost all did 500%.

I am trying to be careful and to resist temptation this time so I can make it at once.something tells me Custodian,Nem and mansard will touch #20 and these kobo stocks will touch #2 or above.

Any insurance stock sold now will be repurchased higher in the coming days.

I never forgiven myself since I sold sunu and Consolidated Hallmark.

These 2 I have now,I will see to the end if there is no global crises or meltdown

https://doclib.ngxgroup.com/Listings-site/corporate-disclosure-site/Documents/Staco_Insurance_Plc_Company_Update_.pdf After 7 years of Suspension, STACO Insurance set to return to the stock market?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 8:00pm On Jan 23
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 8:11pm On Jan 23
Makanjuola89:
Japaul has Landed!!!

This one is no longer Japaul, but Japeter

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:11pm On Jan 23
KarlTom:
Don't be deceived by those figures look closer... wink


Please it is our right to choose to be deceived

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by HesInMe: 8:12pm On Jan 23
I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another branch in Opebi will not help much.

Access is the only bank that seems to appreciate this challenge, but they're currently on an acquisition binge.

Sunrisepebble:
Pls explain your position with the bank recapitalization and the dilution effect. Maybe there’s something I’m missing in my own view also.
Personally I feel these banks are still very cheap on FA terms, even with dilution effect, the PEs are not high at all.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 8:17pm On Jan 23
SonofElElyonRet:


Please it is our right to choose to be deceived

Japaul may hit N2.36 tomorrow morning.
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:21pm On Jan 23
essentialone1:


Japaul may hit N2.36 tomorrow morning.

True.. but don't think this news is fantastic enough to take it far.. we might just witness another "yoyo" inflate and deflate movement

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Makanjuola89: 8:23pm On Jan 23
Leave am o


SonofElElyonRet:


Please it is our right to choose to be deceived
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone1: 8:28pm On Jan 23
Toluway:

Sunu rose and rose and rose since last year till January. It continued rising as if it would rise for ever, making over 200% and entered deep into over-bought region.
And you're now saying you don't know why it started falling?

Is Sunu returning back to the N1.00 where it started rising from?
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:52pm On Jan 23
HesInMe:
I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another branch in Opebi will not help much.

Access is the only bank that seems to appreciate this challenge, but they're currently on an acquisition binge.


There seems to be a misunderstanding between you and Nosa. Both of you are raising questionable points, so let me start with yours. Why should banks experience a fall in interest margins? That gap is set by the CBN (I’m about 85% sure) and is independent of interest rates. If such a fall should happen, it would likely be due to high-interest rates reducing the demand for loans.

I don’t think there is a ceiling to banks' earnings; as long as the economy is growing, banks will grow along with it. A growing economy needs financing, which banks provide.

Now, to address Nosa’s point: the equity being raised through new shares is not likely to be used for generating returns. I believe it will be kept as reserves to absorb shocks. So, the argument about returns on equity may not hold in this case.

The dilution caused by the additional shares will likely be balanced by growth, some of which will come from their substantial dollar gains.

Disclaimer: As always, I’m no expert on the matter. This is based on bits and pieces of information and some imagination.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:53pm On Jan 23
Why not give us your interpretation of the results first before expressing this hopeful forecast.

essentialone1:


Japaul may hit N2.36 tomorrow morning.
Re: Nigerian Stock Exchange Market Pick Alerts by jonnysessy(m): 9:49pm On Jan 23
SonofElElyonRet:


Please it is our right to choose to be deceived



grin. grin. grin. grin

shocked. shocked. shocked.
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:05pm On Jan 23
He's 99% right.
Few will take time to dissect the results.

This is probably what 'they' mean by "no do wuruwuru, show your workings"

Raider76:
Why not give us your interpretation of the results first before expressing this hopeful forecast.

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:23pm On Jan 23
Let me drop my 2cents on JAPAUL (for posterity sake) wink

1. Japaul Offshore seems to be the mainstream for now.
2. FY'24 Profit is ₦1.833bn.
3. There's a sustained loss of ₦18.54bn which was overshadowed by the increased share capital AND share premium. Recall that ₦20bn was injected by an investor last year...
4. Lastly, OS is about 14.26bn. EPS is about ₦0:12k

See also Notes 6 to 8

... ✌🏽

4 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 2:14am On Jan 24
HesInMe:
I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another branch in Opebi will not help much.

Access is the only bank that seems to appreciate this challenge, but they're currently on an acquisition binge.


You're right that we are at peak interest rates but guess what? (I suspect) Banks are buying the FGN bonds at record pace. And when rates start to fall these bonds will go up in value and we will potentially have another windfall.

Heads banks win, tails banks win

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 2:19am On Jan 24
ositadima1:


There seems to be a misunderstanding between you and Nosa. Both of you are raising questionable points, so let me start with yours. Why should banks experience a fall in interest margins? That gap is set by the CBN (I’m about 85% sure) and is independent of interest rates. If such a fall should happen, it would likely be due to high-interest rates reducing the demand for loans.

I don’t think there is a ceiling to banks' earnings; as long as the economy is growing, banks will grow along with it. A growing economy needs financing, which banks provide.

Now, to address Nosa’s point: the equity being raised through new shares is not likely to be used for generating returns. I believe it will be kept as reserves to absorb shocks. So, the argument about returns on equity may not hold in this case.

The dilution caused by the additional shares will likely be balanced by growth, some of which will come from their substantial dollar gains.

Disclaimer: As always, I’m no expert on the matter. This is based on bits and pieces of information and some imagination.




There is no way banks will raise more capital and not deploy it. Return on equity just shows the efficiency of the company in milking out profit from the capital they have.

Please don't forget that as rates fall bond prices go up. So bonds being bought today will be more valuable as rates come down in the future

4 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Malubi(m): 5:00am On Jan 24
Can somebody give me training on how i will start online stock trading please. i want to take risk. Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by X21: 5:11am On Jan 24
[quote author=Makanjuola89 post=133841038]Japaul has Landed!!![/quote0]

Driven by intangible assets and receivable growth
Receivable grew by an amount bigger than turnover and is not explained in the notes

Intangible assets will eventually be written off

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by X21: 5:51am On Jan 24
[quote author=HesInMe post=133842933]I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another br

Avenues for investment is verse for banks
Net interest and deposit is just one
Who buys up all the treasury bills and fgn bonds?. If rates goes down they are not limited to nigeria.
Other nations sovereign bonds are also there
Who are the big players in forex market globally and locally
Who are the big players even in crypto

What of futures and financial derivatives

The banks know what to do and opportunities are limitless globally

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