Investdata Daily Sentiment Report as at March 7th, 2019

NSEASI buy 53% sell 47% MFI 55.21
Access buy � MFI 28.70
Aiico buy 0% MFI 32.66
Custodian buy 0% volume index 1.84 MFI 44.99
Dangcem buy � MFI 66.00
Dangflour buy � MFI 70.22
Diamond buy 0% MFI 62.99
Fbnh buy � MFI 52.60
Fcmb buy 0% MFI 55.31
Fidelity buy 29% sell 71% volume index 1.10 MFI 28.59
GT buy 83% sell 17% volume index 0.92 MFI 69.65
Honyflour buy 0% MFI 45.53
Japaul buy 50% sell 50% volume index 2.46 MFI 56.78
Oando buy 50% sell 50% MFI 73.01
PZ buy � volume index 1.16 MFI 43.52
Sovereins buy � volume index 1.92 MFI 73.84
Transcorp buy 0% MFI 48.16
Uba buy � MFI 68.29
Wapco buy � MFI 27.71
Wapic buy � volume index 6.09 MFI 46.24
Wema buy � volume index 1.50 MFI 51.84
Zenith buy 17% sell 83% volume index 1.31 MFI 46.82

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_7.html

pls how do they buy shares and stocks from companies

Investdata Daily Sentiment Report as at March 8th, 2019

NSEASI buy 7% sell 93% MFI 43.84
Access buy 0% volume index 0.99 MFI 33.77
Afrprud buy 0% volume index 2.22 MFI 65.25
Aiico buy 0% volume index 0.97 MFI 37.64
Cadbury buy � volume index 1.48 MFI 33.76
Dangcem buy 0% MFI 61.04
Dangflour buy 94% sell 6% volume index 1.55 MFI 71.27
Diamond buy 0% MFI 53.25
Eti buy 17% sell 83% MFI 64.14
Fbnh buy 50% sell 50% volume index 1.32 MFI 53.41
Fcmb buy 67% sell 33% volume index 0.84 MFI 44.92
Fidelity buy 20% sell 80% volume index 0.71 MFI 35.41
GT buy 79% sell 21% volume index 0.89 MFI 60.38
Honyflour buy 0% volume index 0.74 MFI 37.38
Jaiz buy 0% MFI 51.27
Japaul buy 0% MFI 59.09
Lasaco buy 0% volume index 0.98 MFI 65.26
Mben buy 0% volume index 3.05 MFI 30.15
Mobil buy 0% volume index 2.12 MFI 33.04
Oando buy 0% MFI 63.92
Regalins buy � MFI 49.26
Sovereins buy 0% MFI 72.53
Stanbic buy � volume index 0.97 MFI 77.14
Transcorp buy � MFI 27.43
Uba buy 67% sell 33% MFI 64.80
Ubn buy 0% MFI 92.46
Ucap buy 0% volume index 1.56 MFI 12.28
Wapco buy � MFI 31.42
Zenith buy 17% sell 83% volume index 1.01 MFI 46.37

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_8.html

*The Big Announcement I Promised*

Hey, it’s Ambrose here…

And here’s the BIG Announcement that I promised:

With all the buzz around the “What will be the Post Election Expectation” …

I’ve decided to hold a powerful seminar called Invest 2019 Post-Election Bulls and Bears Workshop.

Investdata 2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

5. How to invest in equities, using Quarterly Earnings for Profitable Returns

The Comprehensive Home Study Pack of our Invest 2019 Traders & Investors summit held in Lagos (containing 10 golden stocks for 2019), will be on sales at N20,000 each. However, First 25 persons to register at the venue will get 35% discount.

*Venue: Chida International Hotel, Plot 224 Solomon Lar Way, Utako District Abuja*

Date: March 23, 2019

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion
https://www.facebook.com/events/2271566126416283/

Investdata Daily Sentiment Report as at March 8th, 2019

NSEASI buy 7% sell 93% MFI 43.84
Access buy 0% volume index 0.99 MFI 33.77
Afrprud buy 0% volume index 2.22 MFI 65.25
Aiico buy 0% volume index 0.97 MFI 37.64
Cadbury buy � volume index 1.48 MFI 33.76
Dangcem buy 0% MFI 61.04
Dangflour buy 94% sell 6% volume index 1.55 MFI 71.27
Diamond buy 0% MFI 53.25
Eti buy 17% sell 83% MFI 64.14
Fbnh buy 50% sell 50% volume index 1.32 MFI 53.41
Fcmb buy 67% sell 33% volume index 0.84 MFI 44.92
Fidelity buy 20% sell 80% volume index 0.71 MFI 35.41
GT buy 79% sell 21% volume index 0.89 MFI 60.38
Honyflour buy 0% volume index 0.74 MFI 37.38
Jaiz buy 0% MFI 51.27
Japaul buy 0% MFI 59.09
Lasaco buy 0% volume index 0.98 MFI 65.26
Mben buy 0% volume index 3.05 MFI 30.15
Mobil buy 0% volume index 2.12 MFI 33.04
Oando buy 0% MFI 63.92
Regalins buy � MFI 49.26
Sovereins buy 0% MFI 72.53
Stanbic buy � volume index 0.97 MFI 77.14
Transcorp buy � MFI 27.43
Uba buy 67% sell 33% MFI 64.80
Ubn buy 0% MFI 92.46
Ucap buy 0% volume index 1.56 MFI 12.28
Wapco buy � MFI 31.42
Zenith buy 17% sell 83% volume index 1.01 MFI 46.37

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_8.html

NGSE Indicators Fail To Find Support From Uninspiring Score-cards, Payouts

Market Update for March 6
Midweek’s trading on the Nigerian Stock Exchange (NSE) closed red, halting three consecutive sessions of bull transition on a mixed sentiment and low traded volume, with selling pressure in the consumer, industrial and oil/gas sectors due to mixed numbers posted by Seplat Petroleum Development Company and Nestle Nigeria. Both earnings scorecards came below market expectation, besides disappointing many analysts, considering, for example, their low dividend yields.

In spite of the seeming high payout, investors did not react to the dividend announced by both stocks due to the high market price of these equities, even as they continue to watch the body language of newly re-elected President Muhammadu Buhari of Nigeria’s ruling All Progressives Congress (APC) and hope for changes in economic policies and reforms to chart a new course for economic growth and development.
Trading for the day started out on a downside in the morning. This was sustained throughout the session as sell-offs ensued at midday and found some support within an hour, before a very sharp rally, after touching intraday low of 32,062.03 basis points, from its high of 32,173.66bps, which basically was the opening point. It then finally closed at 32,121.74bps on a negative market breadth.

Meanwhile, Guaranty Trust Bank, the biggest bank by market capitalization on the NSE, published its audited financials for the full-year ended December 31, 2018, after trading hours on Wednesday, offering a final dividend of N2.45 per share, in addition to the interim dividend of 30 kobo earlier paid, bringing total dividend for 2018 to N2.75 per share. The scorecard for the period was flat, with a marginal decline in top line, while bottom line inched up slightly on the strength mainly of a drop in loan loss provision, among others (READ HERE).
Wednesday’s market technicals were weak but mixed, with lower traded volume than previous session in the midst of negative breadth and mixed sentiments, as revealed by Investdata’s Daily Sentiment Report, showing a buying position of 53% and selling volume of 47% on a daily transaction volume index for the day at 0.57.
Forces behind the day’s market performance were down, reflecting some selling pressure as shown by the money flow index at 55.21 points, from previous day’s 61.18bps, indicating that funds are still leaving some stocks and the market.

Index and Market Cap
The NSE All Share Index shed 51.92 points to close at 32,121.74bps, after opening at 32,173.66bps, representing a 0.16% decline; while market capitalization fell N19.36bn to at N11.98tr, from an opening value of N11.99tr, also representing a 0.16% value loss.
Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.
Wednesday’s downturn was impacted by selloffs in medium and high cap stocks like, Zenith Bank, Seplat, FCMB, PZ Cussons, Diamond Bank, Dangote Flour, Cadbury, CCNN, and Dangote Sugar, among others. This impacted negatively on Year-to-Date gains, leaving it at 2.20%, and market capitalization at N245.44bn, from the year’s opening level of N11.72tr, representing a 2.21% growth.

Mixed Sector Indices
The sectoral performance indices were largely bearish, except for the NSE Banking and insurance that closed 0.03% and 0.02% green respectively; just as market breadth was negative as decliners outpaced advancers in the ratio of 20:8.
Market activities in volume and value were down by 47.96% and 19.65% respectively to 208.6m shares worth N2.78bn, as against previous session’s 400.87m units valued at N3.46bn, driven by financial services and conglomerates stocks like: Zenith Bank, Guaranty Trust Bank, Fidelity Bank, Access Bank and Transcorp.
Consolidated Hallmark Insurance and Jaiz Bank were the best performing stocks for the session, after gaining 7.68% and 5% respectively to close at N0.28 and N0.63 per share on market sentiment and forces. The flipside was led by McNichols and Etranzact, which shed 10%% and 9.90% respectively to close at N0.54 and N2.64 each, on profit booking and market forces.

Market Outlook
We expect the volatility and profit taking to continue in the midst of more earnings expectation. Investors and traders also should continue their repositioning for 2019 dividend declaration season and post-election rally expected to shape market performance in the interim. We advise cautious trading and investing while positioning in fundamentally sound equities.
Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value,
We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals

TAKE ACTION
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack (USB) that you can play on your phone, Laptop and Television set. The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable trade in 2019, insight into industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment
Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, and 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/ngse-indicators-fail-to-find-support-from-uninspiring-score-cards-payouts/?fbclid=IwAR1LjrJFB4pGuNFN4Cs_Qs9cOLHmtBsN1rC9bCEcd2IaZJZj_vNdXeivBR0

Seeming Lull May Continue On NGSE, As Earnings Season Fail To Sway Investors


Market Update for March 7
It was yet another negative trading session Thursday on the Nigerian Stock Exchange (NSE), as the benchmark index consolidated its losing position arising from continued selloffs across sectors. The decline continues to defy the ongoing earnings reporting season and prevailing high yields, as equity prices decline in the face of mixed corporate earnings and low liquidity.

There is also the impact of low liquidity as smart money had quickly exited the market following the February 23 presidential poll outcome, resulting in low level of activities and sluggish share price movements, with many investors engaging in flight for safety. They may however be waiting in the wings for the Federal Government’s next line of action by way of fiscal policy reforms.

Trading opened slightly to the upside in the morning session, but oscillated between mid-morning and midday before pulling back by afternoon to close lower on improved traded volume. The benchmark NSE All-Share index bounced around all morning, reaching a high of 32,151.87 basis points around the noon hour. It then rolled over and stair-stepped down the rest of the afternoon to touch intraday low of 32,041.74bps, closing the session on a negative note. The NSEASI was down 111.68bps at 32,049.73 on high selling pressure at the time trading close by 2.30pm.

During the trading session Stanbic IBTC Holdings released its audited financials for the full-year ended December 31, 2018, declaring a final dividend of N1.50 per share, in addition to the interim dividend of 100 kobo earlier paid, bringing total dividend for 2018 to N2.50 per share. The scorecard for the period was mixed, as gross earnings inched 4.7% up, while bottom line rose 54% on the back of increased trading income, other incomes and loan loss write back. The market expectedly reacted to the scorecard, leading to its 3.0% gain at the close of trading (READ).

Market technicals for the day were negative but mixed, with higher traded volume in the midst of negative breadth and sentiments, as revealed by Investdata’s Daily Sentiment Report, showing a sell volume of 93% and buy position of 7% on a daily transaction volume index for the day at 0.60.
Momentum behind the day’s market performance were down sharply , reflecting selling pressure as shown by the money flow index at 43.84points, from previous day’s 55.218bps, indicating that more funds are still leaving some the market.

Index and Market Cap
NSE benchmark index lost 111.68 points from the day’s 32,121.74bps opening figure, representing a 0.35% decline; while market capitalization drop by N41.65bn to at N11.95tr, from an opening value of N11.98tr, also representing a 0.35% value loss.
Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.

The day’s downturn was influenced by selloffs in medium and high cap stocks like, Dangote Cement. 11 Plc, Guaranty Trust Bank, Zenith Bank, Dangote Sugar, Flourmills, UACN, Oando, Access Bank, Dangote Flour, UBN and Honeywell, among others. This impacted negatively on Year-to-Date gains, leaving it at 1.84%, and market capitalization at N203.49bn, from the year’s opening level of N11.72tr, representing a 1.84% growth.

Bearish Sector Indices
All the sectoral indices closed in the red; just as market breadth was negative as decliners outpaced advancers in the ratio of 26:9.
Market activities were mixed as volume was up by 4.94% to 218.9m shares, as against 208.6m units on Wednesday, while value fell by 1.44% to N2.74bn from the previous day N2.78bn, with volume driven by financial services stocks like: Zenith Bank, Access Bank, FBNH, Guaranty Trust Bank and UBA

Cadbury and Dangote Flour were the best performing stocks for the session, gaining 7.84% and 4.13% respectively to close at N11.00 and N11.35 per share, purely on market sentiment and forces. The flipside was led by University Press and United Capital, which shed 9.78%% and 9.09% respectively to close at N2.03 and N3.00 each, on profit booking and market forces.

Market Outlook
The seeming lull in the market and profit taking may continue in the midst of more earnings expectation being the last trading for the week, amidst the continuing wait-and-see attitude of some players. Investors and traders also should continue their repositioning for 2019 dividend declaration season and post-election rally expected to shape market performance in the interim. We advise cautious trading and investing while positioning in fundamentally sound equities.
Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value,
We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/seeming-lull-may-continue-on-ngse-as-earnings-season-fail-to-sway-investors/?fbclid=IwAR2EU9KIa9WhB5W55krmHmXFroe1A3KG1g3d-cIrnv1GvHdy23e29zdGrqw

N4.85bn Default: VisionScape Bond Wasn’t Subject To Prior Review, Approval- SEC Nigeria

In what a seem some sort of contradictory stance, the Securities & Exchange Commission (SEC), on Friday assured that there is no cause for alarm over news report regarding the default in repayment on N4.85bn Visionscape Bond and its role in the transaction.
The transaction, according to the commission’s management in a statement, “was therefore not subject to the prior review and approval of the Commission and does not fall within its regulatory preview, being an issuance by a private company, it was not offered to the public, but to qualified investors by private placement.”

Proshare Nigeria had broken the story that on March 7, 2019 the Lagos State Government was in breach of the terms of the 15.75% Series 1, Tranche B Secured Rate Medium Term Note due in 2022 and Issued by a private company, Municipality Waste Management Contractors Limited.
Payment for the due incomes to investors in the Fixed Interest Rate Medium Term Note which ought to be in nine equal payments spanning four and half years were yet to be made.

Though issued by MWMCL, a company promoted by Visionscape Sanitations Solutions Limited, the bond is backed by an Irrevocable Standing Payment Order (ISPO) issued by the Lagos State Executive Council at its meeting on March 21, 2017, to secure the financing structure by charging it on the State’s Internally Generated Revenue account/ Environmental Trust Fund.
But in another breadth, the management of SEC Nigeria restated commitment to “investor protection and ensuring an efficient, fair and transparent capital market.”
The bond, part of the N50bn Medium Term Note Programme to mobilize assets for residential and general waste collection under the Cleaner Lagos Initiative of the Lagos State Ministry of Environment.

In what may require some explanations going forward, the commission noted that “the Bond was not certified as a Green Bond as portrayed by the media,” as if only subscribers to green bonds would ordinarily enjoy regulatory protection.
Recall that the bond, with a nominal face value of N1, 000 per unit, opened between February 26 and 28, 2018, with price 100% of par value and promised a coupon of 15.75% or N157.50 per unit.

While the tenor is four and a half years, to be repaid in 9 equal semi-annual installments; payments are to be made on March 5 and September 5 of each year in arrears up to and including the Maturity Date, with September 5, 2022 as maturity date.
The Note was assigned ‘A+’ Rating by Rating Agency Agusto & Co and ‘A’ Rating by GCR (formerly known as Duff & Phelps).

https://investdata.com.ng/2019/03/n4-85bn-default-visionscape-bond-wasnt-subject-to-prior-review-approval-sec-nigeria/?fbclid=IwAR3HRCgR-sQu7_RKvp54BZwMJ2mNeovgij5G5ogAy0MBglF14Vzfy0KHjh0

Investdata Corporate Actions As At Friday, March 8, 2019

https://investdata.com.ng/2019/03/investdata-corporate-actions-as-at-friday-march-8-2019/?fbclid=IwAR2rnDIJ0sZ2VPX3zAJvo35Pypofruc1htMJiQ9QFzBbsxvRye8FSAWe0k0

Train Yourself to Wealth


https://www.youtube.com/watch?v=FdbTjQqkCvo

Investdata Weekly Sentiment Reports for the week ended March 8th, 2019

NSEASI buy 23% sell 77% volume index 0.95 MFI 45.08
Access buy 29% sell 71% volume index 0.98 MFI 57.25
Afrprud buy 73% sell 27% volume index 2.09 MFI 70.43
Aiico buy 0% MFI 25.61
Cadbury buy � volume index 0.95 MFI 54.77
Caverton buy 0% MFI 74.97
Ccnn buy 0% MFI 41.10
Cornerst buy 33% sell 67% MFI 92.93
Custodian buy 75% sell 25% volume index 0.88 MFI 38.33
Dangcem buy 0% MFI 49.03
Dangflour buy 59% sell 41% volume index 3.15 MFI 73.16
Dangsugar buy 33% sell 67% volume index 0.75 MFI 63.70
Diamond buy 11% sell 89% volume index 1.23 MFI 81.95
Eti buy 55% sell 45% MFI 44.61
Fbnh buy 45% sell 55% volume index 1.40 MFI 64.40
Fcmb buy 43% sell 57% MFI 73.48
Fidelity buy 50% sell 50% volume index 1.25 MFI 65.80
Fmn buy 0% MFI 67.66
Glaxo buy 0% MFI 43.40
GT buy 72% sell 28% volume index 1.02 MFI 57.91
Honyflour buy 0% MFI 49.44
Jaiz buy 0% volume index 0.76 MFI 91.03
Japaul buy 33% sell 67% volume index 2.91 MFI 69.99
Lasaco buy 0% MFI 55.69
Learn buy 0% volume index 1.36 MFI 74.36
Lvstk buy 0% volume index 1.59 MFI 55.57
Mben buy 20% sell 80% volume index 1.28 MFI 52.83
Mobil buy 0% MFI 43.06
Nahco buy 0% MFI 23.49
Nascon buy 80% sell 20% volume index 2.01 MFI 64.07
Neimeth buy 0% MFI 37.28
Nem buy 0% MFI 85.99
Nigerins buy 0% MFI 35.18
Npf buy 73% sell 27% volume index 1.57 MFI 48.98
Oando buy 50% sell 50% MFI 81.84
PZ buy 52% sell 48% volume index 2.75 MFI 39.41
Red buy 0% volume index 4.36 MFI 61.47
Regalins buy 67% sell 33% MFI 85.60
Royalex buy 0% MFI 81.56
Seplat buy 0% MFI 43.09
Sovereins buy 50% sell 50% volume index 6.41 MFI 56.20
Stanbic buy 75% sell 25% MFI 58.35
Sterling buy 0% MFI 86.54
Transcorp buy � volume index 0.90 MFI 62.07
Uacn buy 23% sell 77% MFI 29.34
Uba buy 13% sell 87% volume index 1.06 MFI 51.27
Ubn buy � MFI 67.33
Ucap buy 20% sell 80% volume index 1.01 MFI 47.75
Unilever buy � MFI 63.82
Uniondac buy 0% MFI 52.57
Veritas buy 0% MFI 10.24
Wapco buy 50% sell 50% MFI 27.58
Wapic buy � volume index 3.01 MFI 55.36
Wema buy � MFI 69.56
Zenith buy 80% sell 20% volume index 1.31 MFI 61.03

https://investdataltd..com/2019/03/investdata-weekly-sentiment-reports-for.html

Investdata Market update for the weekend ended 8th March, 2019.


https://www.youtube.com/watch?v=3oEQqPMHRSw

Investdata Daily Sentiment Report as at March 12th, 2019

NSEASI buy 0% MFI 37.46
Access buy 50% sell 50% MFI 33.17
Afrprud buy � volume index 1.85 MFI 69.30
Cadbury buy � volume index 2.42 MFI 59.79
Dangflour buy 0% MFI 65.98
Diamond buy 83% sell 17% MFI 50.95
Fbnh buy � volume index 1.59 MFI 64.34
Fcmb buy 50% sell 50% MFI 47.09
Fidelity buy 0% MFI 39.01
Fmn buy 0% MFI 26.46
Glaxo buy 0% MFI 87.00
GT buy 11% sell 89% MFI 62.64
Honyflour buy 0% MFI 47.10
Japaul buy 0% MFI 46.31
Mben buy � volume index 0.85 MFI 29.29
Nascon buy � volume index 2.35 MFI 96.75
Nestle buy � volume index 3.63 MFI 11.64
Nigerins buy � volume index 1.11 MFI 31.50
Oando buy � MFI 66.98
Sovereins buy 33% sell 67% MFI 90.12
Uba buy 0% MFI 60.57
Ubn buy 0% MFI 89.80
Veritas buy 0% MFI 13.42
Wapco buy 0% MFI 47.58
Zenith buy 56% sell 44% MFI 47.21

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_12.html

Visionscape N4.85bn 15.75% Environmental Note Not Listed On NGSE

In what may mean that subscribers are under their own and reminiscent of the days of capital raising through private placement in the Nigerian capital market, management of the Nigerian Stock Exchange (NSE), on Monday said the Lagos State Government’s N4.85 Billion, 15.75% Series 1, Tranche B, Environmental Note, which suffered default in repayment of the coupon and principal on the Municipal Note due on Tuesday, 5 March 2019, is not listed on its platform for trading.

This first payment for the due incomes to investors in the Fixed Interest Rate Medium Term Note which ought to be in nine equal payments spanning four and half years was reportedly not made.

This is coming after the Securities & Exchange Commission (SEC), on Friday, in a own statement on its website, argued that “being an issuance by a private company, it was not offered to the public, but to qualified investors by private placement.”

The SEC’s statement was despite the fact that although MWMCL, a company promoted by Visionscape Sanitations Solutions Limited, issued the bond, it is backed by an Irrevocable Standing Payment Order (ISPO) of the Lagos State Government. It was to secure the financing structure by charging it on the State’s Internally Generated Revenue account/ Environmental Trust Fund.

The Exchange said it reacted to the story because it “has the likelihood of dampening investors’ confidence in the Nigerian capital market.”

According to the NSE, “the Municipality Note was not listed on The Nigerian Stock Exchange. As part of its regulatory oversight to safeguard investors in the Nigerian capital market, The Exchange takes steps to satisfy itself that the financial and other advisers have done due diligence on all financial instruments listed on The Exchange in order to ensure that the obligations attached to those instruments are met as and when due.

“As part of the requirements for the issuance and the listing of similar debt instruments, The Exchange requires that a Guarantee on the revenue of the State Government is issued, in addition to an approval of the State House of Assembly to back the Notes,” it added.

While assuring of its commitment a fair, efficient and transparent market that guarantees the protection of investors’ rights, the NSE said “the established requirements are necessary to ensure that the risk of default on such instruments when listed on The Exchange are reduced to the barest minimum.”

https://investdata.com.ng/2019/03/visionscape-n4-85bn-15-75-environmental-note-not-listed-on-ngse/

Indicators Remain Flat On NGSE As Dividend Stocks Amidst Low Confidence

Market Update for March 11
Nigerian Stock Exchange’s composite index had another volatile down session on Monday to kick start the week on a negative, while extending the bearish sentiments to the fourth consecutive day of pullbacks. This was as market players continued to digest the recent corporate earnings in the midst of low liquidity and the already rattled investor confidence.

Trading for the day started out on a downside movement in the morning, with the index bouncing around all day, before finally closing the session lower on a low traded volume after touching intraday lows of 31,636.66 basis points, from highs of 31, 792.81bps.

The prevailing negative sentiments over the weeks were supported by few happenings such as the missed forecast of the presidential poll winner, low liquidity in the equity market and the seeming lack of direction with the government yet to roll out its economic policy and reforms which would propel growth and development, while attracting smart money and local investors.

This is because major factors driving the nation’s stock market depend on foreign investors entering and exiting. Worse still is the fact that there is no hope yet that the 2019 budget could be passed by the eight National Assembly before the May 29, end of its lifespan.

Consequently, playing dividend stocks remain the option for many traders and investors, with all their eyes on the qualification and markdown dates to guide movement of funds from one to the other.
Monday’s market technicals were negative but mixed, with lower transacted volume in the midst of negative breadth and very high selling pressure, as revealed by Investdata’s Daily Sentiment Report, showing a 100% sell position and 0% buy volume on a daily transaction volume index for the day at 0.36.

The energy behind the day’s market performance were down sharply, reflecting the negative sentiments as shown by the money flow index at 37.46points, from previous day’s 43.86bps, indicating that more funds are leaving the market and some stocks.
Index and Market Cap

The NSE benchmark All Share index (NSEASI), at the end of the day trading session shed 287.85 points to close at 31,636.66bps from 31, 924.51bps, representing a 0.90% decline; while market capitalization lost N107.34bn to at N11.80tr, from an opening value of N11.91tr, also representing a 0.90% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.

The continued downturn was driven by selloffs in medium and high cap stocks like, Nestle Nigeria, Okomu Oil, Dangote Flour, International Breweries, Lafarge Africa, ETI, UBA, UBN FCMB and Transcorp, among others. This impacted negatively on Year-to-Date gains, which reduced to 0.66%, and market capitalization, N340.83bn from the year’s opening level of N11.72tr, representing a 0.66% growth.

Bearish Sector Indices
All the sectoral performance indices closed lower, except for the NSE Oil/Gas that was flat, just as market breadth remain negative as decliners outnumbered advancers in the ratio of 19:14.

Market activities were mixed with volume down by 44.57% to 128.38m shares from 233.29m units last Friday, while value rose marginally by 5.08% to N2.39bn from the previous day’s N2.27bn. Volume was driven by financial services stocks like: FBNH, Zenith Bank, UBA, Access Bank and Guaranty Trust Bank.

Cadbury and Mutual Benefits Assurance were the best performing stocks for the session, gaining 10% and 8.70% respectively to close at N12.10 and N0.25 per share, purely on market sentiment and forces. On the flipside, Cornerstone Insurance and Sterling Bank led, losing 8.70%% and 8.51% respectively to close at N0.21 and N2.15 each, on profit taking.

Market Outlook
We expect a slowdown in profit taking while volatility may continue in the midst of more 2018 financials expected as market players adopt the wait-and-see attitude in face repositioning for 2019 dividend declaration season and relative peace to shape market performance in the interim. We advise cautious trading and investing while positioning in fundamentally sound equities.

Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value,
We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Upcoming! Upcoming!! Upcoming Stock Market Trading and Investing Education At Abuja
Invest 2019 Post-Elections Bulls & Bears Workshop
Will cover the following:
1. Outlook for 2019 and Post-Election Expectations
2. Enhancing cash flow through Playing Dividend Stocks
3. Sectoral Analysis and Projections that support Stock Prices
4. How Government Policies & Reforms influence market performance
5. How to invest in equities, using Quarterly Earnings for Profitable Returns

The Comprehensive Home Study Pack of our Invest 2019 Traders & Investors summit held in Lagos (containing 10 golden stocks for 2019), will be on sales at N20, 000 each. First 25 persons to register at venue will get 35% discount.
Venue: Chida International Hotel, Plot 224 Solomon Lar Way, Utako District Abuja
Date: March 23, 2019
REGISTRATION IS FREE

Expected Takeaways from this workshop include:
A. How to identify stocks that are outperforming the market
B. How to ensure juicy returns using low risk trading strategies in any prevailing market
C. Avoiding BEAR/BULL traps in 2019
D. knowing the quality of Earnings that drive equity prices, support payouts

TAKE ACTION
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack (USB) that you can play on your phone, Laptop and Television set.

The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable trade in 2019, insight into industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment

Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, and 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/indicators-remain-flat-on-ngse-as-dividend-stocks-amidst-low-confidence/

Hello Investors,

The, buy & sell signal for this week have been posted on the membership site for you. Pls click on the long link for this week download.

Furthermore, you need to login on the membership site before you can have access to it.

Kindly click on the below link now to login with your username and password

http://investdataonline.com/buy-sell-signal/

To Your Success
Investdata Consulting.

P.S. You need to act fast. You know time wait for now.

Investdata Daily Sentiment Report as at March 13th, 2019

NSEASI buy 12% sell 88% MFI 28.04
Access buy 75% sell 25% MFI 35.60
Afrprud buy � volume index 2.17 MFI 75.40
Aiico buy � volume index 0.80 MFI 40.16
Dangcem buy 23% sell 77% volume index 1.30 MFI 46.38
Dangflour buy 0% MFI 69.62
Diamond buy 0% MFI 48.39
Eti buy 0% MFI 61.20
Fbnh buy 50% sell 50% volume index 2.62 MFI 68.82
Fcmb buy 0% MFI 47.57
Fidelity buy 0% MFI 31.87
GT buy 0% MFI 55.78
Jaiz buy 0% MFI 54.02
Japaul buy 0% volume index 1.47 MFI 41.14
Mben buy � volume index 3.21 MFI 41.58
Oando buy � MFI 60.48
Transcorp buy � MFI 40.62
Uba buy 25% sell 75% MFI 52.96
Ubn buy � volume index 0.83 MFI 92.89
Ucap buy � volume index 1.73 MFI 26.14
Unity buy 0% volume index 3.28 MFI 12.11
Veritas buy 0% MFI 13.42
Vitafoam buy � volume index 1.14
Wapic buy 0% MFI 54.70
Wema buy 33% sell 67% volume index 0.96 MFI 31.24
Zenith buy 43% sell 57% volume index 1.29 MFI 39.62

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_13.html

Volatility, Slower Selloffs, As Investors Bet On Awaited 2018 Numbers, Dividends

Market Update for March 12
The losing momentum on the Nigerian Stock Exchange on Tuesday worsened with the composite All-Share index consolidating five consecutive losing sessions. The effect of the loss swung the market’s year to date position into negative territory after five weeks of an initial uptrend.

This recent pullbacks were attributed to low liquidity, mixed earnings and outcome of the just concluded general elections, which observers and analysts say have come below expectation. Chief among pointers to support their claim is that the governorship elections in all of six out of 29 states were declared inconclusive. The Independent National Electoral Commission (INEC) has therefore fixed march 23, 2019 to conclude the election in the affected states. For many also, the true confirmation of their fears over the poor management of the 2019 election will be how many of the elections conducted are contested in court and the outcome of such suits.

Recall that the prevailing negative sentiments started again after the 2018 lull situation that extended to early January, but reversed on inflow from smart money that took position ahead of the presidential polls, which outcome was against their expectation. This triggered their quick exit as reflected in the average traded volume and money flow index that have been declining since the re-election of President Muhammadu Buhari, despite the ongoing earnings season.

One cannot also, ignores the expiration of Central Bank of Nigeria Governor, Godwin Emefiele on June 3, following investors are looking who the replacement could likely beach.
The NSE index started the day trading ona gap downin the morning, which was sustained throughout the session to finally finishing the day lower on a low traded volume after touching intraday lows of 31,267.99basis points, from highs of 31, 645.24bps but retraced up marginally to close at 31,313.36bps.

Market technicals for the day were negative and mixed, as volume traded was low despite being higher than Monday’s. There was also negative breadth and high selling pressure, as revealed by Investdata’s Daily Sentiment Report, showing a sell volume of 88% and buy position of 12% on a total daily transaction volume index at 0.63.

The momentum behind the day’s market performance was down sharply to reflect the high selloffs during the session as shown by the money flow index at 28.04points, from previous day’s 37.46bps, indicating that more funds are leaving the market due to weak economic and market fundamentals.

Index and Market Cap
The NSE benchmark All Share index for the day lost 323.30 basis points to close at 31,313.36bps from 31, 636.66bps, representing a 1.02% decline; while market capitalization shed N120.56bn, closing at N11.68tr, from an opening value of N11.80tr, also representing a 1.02% depreciation of value.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or STOCKS to the phone numbers below.
The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.

The downturn for day was impacted by selloffs in: 11 Plc, Guaranty Trust Bank, Zenith Bank, NASCON Allied, PZ Cussons Ngeria, Dangote Sugar, Dangote Flour, International Breweries, Access Bank, UBA, Fidelity Bank and FCMB, among others. This impacted negatively on Year-to-Date returns which turned red at0.37%, while market capitalization stoodN461.39bn from the year’s opening level of N11.72tr, representing a 0.37% decline in value also.

Bearish Sector Indices
The sectoral performance indexes were all in the red, except for the NSE Industrial good that gained marginally on the strength of Lafarge Africa appreciation after the conclusion of it rights issue, just as market breadth remain negative as decliners outnumbered advancers in the ratio of 29:8.

Market activities were however up in volume and value terms by 60.55% and 13.31% respectively to 219.37m shares worth N2.93bn, compared to the 128.38m units value at N2.39bn. Volume was driven by financial services stocks like: FBNH, Zenith Bank, UBA, as well as Diamond Bank, Access Bank two competitors that are billed to complete their ongoing business combination on April 1.

The best performing stocks for the session were Law Union & Rock Insurance and UACNProperty, which chalked 7.69% and 7.14% respectively to close at N0.56 and N1.95 per share, purely on market sentiments and forces. On the flipside, International Brewery and AG Leventisled afterlosing 9.92%% and 8.83% respectively to close at N24.05 and N0.31 each, on profit taking and market forces.

Market Outlook
With the expectation of more 2018 financials, the selloff is likely to slowdown while volatility may continue, as market players adopt the wait-and-see attitude in the face of repositioning for the ongoing 2019 dividend declaration season and relative peace post-general elections to shape market performance in the interim.

We advise cautious trading and investing while positioning in fundamentally sound equities.
Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value,
We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

TAKE ACTION
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack (USB) that you can play on your phone, Laptop and Television set. The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable trade in 2019, insight into industries, sectors and companies to seek worthwhile returns.

What stocks should you buy? Grab the pack for the 10 Golden Stocks with possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment

Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, and 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/volatility-slower-selloffs-as-investors-bet-on-awaited-2018-numbers-dividends/

Appeal Court Affirms SEC Regulatory Oversight On Public Companies

The Court of Appeal says the Securities & Exchange Commission (SEC) can invoke its statutory powers under the Investment & Securities Act 2007 intervene in any public company for the sole purpose of ensuring investor protection, while maintaining a fair, efficient and transparent capital market.
Such power to intervene, the court noted in a judgment delivered on January 31, 2019, would also serve to reduce systemic risk as stated in the preamble to the Act, which it described as “the beacon light to the powers of the Appellant under the ISA.”

The ruling was based on a 2010 suit, following the conduct of an investigation into the affairs of Big Treat Plc a public listed company (1st Respondent) and its directors, by the commission.
The probe, a statement by the SEC recalled, revealed several infractions of the ISA 2007, such as inadequate internal control systems and a breakdown of corporate governance in the company.

Based on this, and pursuant to the provisions of Section 13 (v) of the ISA 2007, the Commission in 2010 approached the Federal High Court seeking a number of reliefs against Big Treat Plc (1st Respondent), three of its directors – Pamela Wu, Harries Wu, Steve Wu – and two entities owned by them – New Frontier Engineering and Construction Company Ltd and Skyone Group of Companies Ltd with a view to preserving the assets of the 1st Respondent.

In the course of the proceedings, the Commission applied for and was granted an ex-parte order of interim injunction restraining the 2nd– 6th Respondents, their agents, servants or privies from obstructing the Commission in the exercise of its statutory oversight responsibilities to the 1st Respondent including the appointment of an interim management to take charge of the day to day administration of the 1st Respondent, so as to preserve its assets in the interest of its stakeholders pending the determination of the Motion on Notice already filed in this suit.

However, the ex-parte order was subsequently vacated on the grounds that the 1st Respondent (Big Treat Plc) “was not a capital market operator amenable to the control and management of the appellant in times of financial distress”.

The Commission appealed against the decision, urging judges of the Appeal Court to determine “whether the lower court was right when it held that the 1st Respondent (Big Treat PLC) is not a capital market operator because it does not play any specific role in the capital market and as such, not registerable or subject to the control of the Appellant (the Commission)”.

In its ruling, the Appeal Court held: “that the 1st Respondent, an issuer of securities, having been duly registered with the Appellants and was at all material times performing the specific function of issuing securities in the capital market was subject to the intervention of the statutory powers of the Appellant…”

The Court of Appeal further held that the lower court “should not have vacated the interim preservative order made by it to protect the imminent collapse of the 1st Respondent but the Appellant who at all material times was exercising statutory powers under the ISA to stem the tide of decay in the internal management of the 1st Respondent…”

https://investdata.com.ng/2019/03/appeal-court-affirms-sec-regulatory-oversight-on-public-companies/

Is This your Investment Archetype?

There are different types of archetypes and I am sure that you must have read one or two books on that. It also influence our behavior. Precisely, from sanguine to melancholy etc.

However, we are not here to lecture you about the different personality but to let you know all personalities boils down to 2 type of personality. That is, whoever you are, whatever you do, as long as you are a human being, you fall into this 2 category and they are:

The thinkers
The Action Takers

*Thinkers:* The “Preventives” are thinkers. They can conjure up a worst case scenario in seconds. They scout out the territory and like to spot the many ways in which some project or action might go wrong. They love flow charts, procedures, and safeguards. They double-check and then check some more. Assurances that all is well make them nervous. Fear is their bedfellow. Risk is their enemy.

*The Action Takers:* They are impatient and believe that all plans have some flaws, many of which will only be revealed once the plan is in motion. They are not ashamed of doing repairs while the car is moving because they regard action as preferable to what they believe is paralysis by analysis. They are comfortable with levels of risk that would cause many Preventives to fall into a fatal position.

So, if this is applied to investment in the market, some investors fall into the category of thinkers while some fall into the category of Action takers. You just have to decide which best for you. However, both personality are needed to balance the equation.

However, I know that if you are still at this point reading this then you must definitely be action taker; ready to take the bull by the horn in this post-election because I have done the thinking for you already. So, I will be showing you at the Abuja Seminar themed:

*InvestData 2019 Post-Elections Bulls and Bears Workshop @ Chida International Hotel, Plot 224 Solomon Lar Way, Utako District Abuja* so, that all that is left for is just to take action. Call NOW 08028164085,08032055467 to REGISTER

Dedicated to your Financial Growth
Ambrose Omordion
https://investdataltd..com/2019/03/is-this-your-investment-archetype.html

Are You Joining Us?

Last week, I sent you a post regarding the Invest 2019 Post-Election which will be a powerful seminar. This will be held in Abuja on the 23rd March, 2019.

Frankly, I have been receiving a lot of calls and many serious investors like you have registered for the seminar.

However, if you are yet to register, then I am probably not convincing enough. You maybe right or you may be wrong but let's examine the facts.

Although, apart from the the amazing benefits you stand to get at the powerful seminar on the 23rd in Abuja, there are guaranteed take away. Simply put, what you will adopt immediately then get your result.

They include:

A. How to identify stocks that are outperforming the market

B. How to ensure juicy returns using low risk trading strategies in any prevailing market

C. Avoiding BEAR/BULL traps in 2019 my favorite

D. knowing the quality of Earnings that drive equity prices, support payouts.

However, when a man have been presented with all the possible fact and all the risk have been removed from his path but he still hesitate, doubt or think about it, then such person should not be trusted with anything of importance. Sincerely, I know that you will take decision NOW to register because you are not one of those people that hesitate. Call Now 08028164085,08032055467

Dedicated to Your Financial Success
Ambrose Omordion

P.S. Don't miss this Chance because, I will be revealing 3 momentum Stocks guaranteed to give you 200% ROI within the next 2 years. Don't miss This Chance. Indecision is a decision, Call Now 08028164085,08032055467 to Register

https://investdataltd..com/2019/03/are-you-joining-us.html

Investdata Daily Sentiment Report as at March 19, 2019

NSEASI buy 41% sell 59% MFI 21.21
Access buy 83% sell 17% volume index 2.00 MFI 39.57
Afrprud buy 0% volume index 0.77 MFI 63.80
Aiico buy 0% MFI 21.52
Dangcem buy 0% MFI 43.87
Dangflour buy 94% sell 6% volume index 1.59 MFI 58.96
Diamond buy � MFI 48.36
Fbnh buy � MFI 66.00
Fcmb buy 0% volume index 0.97 MFI 29.30
Fidelity buy 62% sell 38% MFI 34.56
GT buy 75% sell 25% MFI 45.13
Jaiz buy � MFI 40.01
Linkass buy 20% sell 80% volume index 4.45 MFI 9.12
Mben buy � volume index 4.65 MFI 25.04
Oando buy 50% sell 50% MFI 34.97
Sovereins buy 0% volume index 1.32 MFI 85.46
Transcorp buy 50% sell 50% MFI 31.94
Uba buy 50% sell 50% volume index 0.76 MFI 43.11
Ucap buy 0% MFI 60.40
Wema buy 0% volume index 1.10 MFI 20.58
Zenith buy 60% sell 40% volume index 0.72 MFI 50.43

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_19.html

NGSE Indicators Slowdown Again, As Wait For Positive Economic News Continues

Market Update for March 18
Monday’s trading on the Nigerian Stock Exchange (NSE) remained volatile and negative to start the week with slight decline, extending three consecutive days of losses on a low traded volume and mixed sentiments. The continued downtrend in the midst of good company fundamentals and low valuation can be linked to liquidity problem in the equity segment of the capital market, even as legal battle is set to begin following the outcome of the February 23 Presidential election by the main opposition Peoples Democratic Party (PDP).

Despite the seeming inflow as revealed through the investors and exporters window, foreign investor’s interest has remained tilted towards high interest yield fixed income instruments, including sovereign bonds. We believe this sustained interest can be linked to several factors, particularly the fact that global monetary authorities have signaled policy direction towards a dovish stance in 2019. This has seen yields in developed market instruments trend lower, especially in US.

The benchmark NSE All-Share index opened marginally upside into mid-morning before pulling back between midday and early afternoon, touching intraday low of 31,103.67 basis points from its highs of 31,156.47bps. It then retraced up, but finished the session lower at 31,125.39bps on a negative breadth. During the session no earnings reports were released.

Market technicals were weak and mixed with volume traded lower than previous day’s in the midst of negative breadth and mixed sentiment, as revealed by Investdata’s Daily Sentiment Report, showing a sell volume of 59% and buy position of 41% on a total daily transaction volume index at 0.59.

Momentum behind the day’s market performance was low and weak to reflect the bearish mood as shown by the money flow index at 21.21 points, down from previous day’s 26.10bps, indicating that funds are leaving the market for safer investment windows.

Index and Market Cap
The NSEASI shed 17.33bps at the end of trading to close at 31.125.39bps, from an opening figure of 31,142.72bps representing 0.06% decline; while market capitalization slowed down N6.46bn, closing at N11.61tr, from its opening value of N11.64tr, also representing a 0.06% value loss.
Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.

Monday’s downturn was driven by selloffs in medium and high cap stocks like Dangote Cement, Zenith, Dangote Sugar, Africa Prudential, as well as May and Baker. Also, the share prices of United Capital and Africa Prudential, among others, were adjusted during the session, impacting negatively on Year-to-Date loss position to 0.97%. Market capitalization loss rose to N499.64bn from the year’s opening level of N11.72tr, representing a 0.97% decline in value

Mixed Sector Indices
Sectoral performance indexes were largely bearish, except for the NSE Consumer Goods and Industrial Goods that closed higher, even as market breadth remained negative, with decliners outpacing advancers in the ratio of 20:11.
Market activities were down in volume and value by 1.86% and 41.16% respectively to 205.73m worth N1.93bn, compared to Friday’s 209.62m units valued at N3.33bn, just as volume was driven by financial services stocks like: Access Bank, Zenith Bank, UBA, FCMB and Guaranty Trust Bank.
Dangote Flour and Union Diagnostic were the best performing stocks for the day, gaining 7.35% and 7.14% respectively to close at N10.95 and N0.30 per share on market sentiment and earnings expectations. On the flipside, Ikeja Hotels and Cutix lost 9.66%% and 8.89% respectively, closing at N1.87 and N2.05 each, on the back of profit taking and impact of market forces.

Market Outlook
With the expectation of more 2018 financials, the selloff is likely to subside, but need positive economic statement and policy to give direction while volatility may continue, as market players adopt the wait-and-see attitude in the face of repositioning for the ongoing 2019 dividend declaration season and relative post-general elections peace to shape market performance in the interim. We advise cautious trading and investing while positioning in fundamentally sound equities.

Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value,
We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/ngse-indicators-slowdown-again-as-wait-for-positive-economic-news-continues/

Zenith Bank To Reduce OpEx, Improve Cost Of Funds, Enhance Returns

•As Shareholders Approve N87.91bn Dividend

Shareholders of Zenith Bank Plc, at the annual general meeting on Monday in Lagos unanimously approved a proposal by the directors for the distribution of N2.50 final dividend, representing a payout of N78.491bn.
The board had at the end of half year paid 30 kobo interim dividend, bringing total payout for the year N2.80 or N87.91bn, from profit after tax of N193.424bn, for the year ended December 31, 2018, compared to N173.791bn in the prior full-year.
Responding to questions from shareholders at the meeting, Peter Amangbo, its group chief executive, assured that the management of Zenith Bank will strive to continue driving down its cost of funds. This, he believes, will ultimately impact top and bottom-lines, as well as ensure juicier dividend payment for shareholders and better returns to investors through an anticipated growth in share price on the Nigerian Stock Exchange (NSE).

He acknowledged the happiness expressed by Nornah Awoh, a shareholder over the drop in the group’s operating expenses, a situation he said is deliberate at a time the operating environment is daily becoming unfriendly.
Addressing the shareholders, Jim Ovia, the chairman said the result reflect Zenith Bank’s exceptional financial health, even as it “remains committed to delivering superior returns to our much-valued shareholders by ensuring that a good chunk of our profit is set aside for you.”
Awoh had challenged the management to do more in the area of lowering its cost of funds more significantly for the good of shareholders.

Cost of funds for the period dropped to 3.1%, from 5.2% in 2017, while cost of risk stood at 0.9% from 4.3%; and cost-to-income ratio to 49.3% from 52.8%, among others.
He also challenged the board and management improving investor confidence, by ensuring more disclosures, even as he drew attention to the fact that directors are buying out small shareholders as shown in the holding structure. This situation, he said, speaks about confidence in the financial institution.
“The people who make the share (price rise and fall) are the small players (who trade their shares)… We may be a Nigerian company, but we are playing global, and the money we get from FDI (Foreign Direct Investment), the better,” he stressed.
Also commenting on the bank’s performance, Sir Sunny Nwosu, National Coordinator emeritus of the Independent Shareholders Association of Nigeria (ISAN), applauded plans by the management of Zenith Bank to extend a portion of its loan book to smallholder borrowers (small and medium-scale enterprises), while de-emphasising large borrowers. History, he said, has shown that small-holder borrowers are very faithful in the payment of loans they take.

Gross earnings for the period stood at N630.344bn from N745.189bn in prior year, with interest income showing the tightness of the operating environment, as it dropped marginally from N474.628bn in 2017 to N440.052bn; just as management successfully constrained the interest and similar expenses from N216.637bn to N144.458bn. Net interest income therefore stood at N295.594bn, as against prior year’s N257.991bn.
Net interest income after impairment loss on financial and non-financial instruments stood at N277.222bn, as against N159.764bn in 2017.

Operating expenses dropped to N137.897bn from N144893bn, even as personnel expenses rose to N68.556bn from N64.459bn.
Profit after tax for the period improved by N19.633bn or 11.29% from N173.791bn in 2017 to N193.424bn, representing earnings per share of N6.15,up from N5.53 each reported in the corresponding period of 2017. The directors have proposed a final dividend of N2.50, which brings total payout to N2.80 considering the 30 kobo interim dividend distributed at half year.

Total Assets for the period under review increased by N360.457bn or 6.44% from N5.595tr in 2017 full year to N6.955tr, with customer loans and advance of N1.823tr, as against the previous N2.1tr.
Total liabilities climbed to N5.139tr from N4.783tr, representing aN356.822bn or 7.5%, following the jump in customer deposits from N3.437tr to N3.69tr; following which shareholders’ funds climbed to N815.751bn from N812.116bn.

https://investdata.com.ng/2019/03/zenith-bank-to-reduce-opex-improve-cost-of-funds-better-returns/

Transcorp Hotels Shareholders Approve N1.14bn Total Dividend

Shareholders of Transcorp Hotels Plc, at the weekend in Abuja reviewed its financials for the year ended December 31, 2018, applauding the 26% rise in turnover, while unanimously endorsing 15 kobo final dividend, which translated to ₦1.14bn for the period, a 20% improvement over the 12 kobo distributed for the 2017 full-year.

In his review of the financals, the company’s Chairman, Emmanuel Nnorom said “Transcorp Hotels Plc has exceeded the bar with an impressive turnover of ₦17.4bn from ₦13.8bn recorded in 2017, representing an improvement of 26%. This is an unprecedented achievement in the history of the Company.”
The result, he continued, is a further demonstration of its “ability to adapt quickly to a changing business environment while keeping pace with global best standards in hospitality.” The Chairman also thanked the Shareholders for their continued support and faith in the board and management.”

Commending also, Patrick Ajudua, President, New Dimension Shareholders Association believes the Federal Government must be proud of Transcorp Hotels, given that it has remained a good example of what the privatisation programme undertaken years ago should be, at a time when many of its peers are still wobbling.
This, he noted, is the fruit of good corporate governance and the presence of a focused management team that is concerned ensuring returns to shareholders.

Managing Director/Chief Executive of the company, Mrs. Owen Omogiafo also reiterated the company’s commitment to quality and global standard customer experience, drawing on the varied international awards conferred on the Company.
“We are redefining the hospitality landscape in Africa and positioning our continent as a preferred destination for local and international tourists. Our numerous awards and recognition are proof of this,” she added.

On the prospects for 2019, Mrs. Omogiafo noted that “Transcorp Hotels will continue to leverage on its unique value proposition and proven strategies to exceed 2018 performance.” She further said that growth and efficiency underpinned by a strong culture of service excellence and cost optimization will drive the company.

Photo Caption: From left to right, Executive Director, Transcorp Hotels Plc, Ms Okaima Ohizua; Managing Director/CEO, Mrs Owen Omogiafo; Chairman, Emanuel Nnorom; Company Secretary, Ms Helen Iwuchukwu; and Director/President of Transcorp Plc, Valentine Ozigbo, at the 5th Annual General Meeting of the company held at Transcorp Hilton Hotels Abuja on Friday March 15, 2019.

https://investdata.com.ng/2019/03/transcorp-hotels-shareholders-approve-n1-14bn-total-dividend/
-

This Chance is going..going..gone

It is Ambrose Again,

If you are yet to take action or complete registration regarding the InvestData 2019 Bulls and Bears Workshop, then you are hesitating for reasons best known to you.

However, it is not new to me because it is a national past time. Your excuses is as old as civilization itself and it is fatal to your financial success in 2019 and beyond.

Unfortunately, you are defending your reasons for not taking action because you created them. In fact, it is a child of your imagination and not taking actions regarding an obvious success is an habit and habits is very difficult to break especially when they provide Justification.

So, the first and best victory is to conquer yourself but to be conquered by yourself is the most shameful thing to think of.

Because life is a checkerboard and the player opposite you is Time. If you hesitate before moving or to move promptly, your men will be wiped out by Time. You are playing against a ferocious partner who does not tolerate indecision.

Hence, take action now by registering via the below link

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for your opponent (Time) is ready to deny then wipe out your Financial Success in 2019 when you delay or hesitate.

Dedicated to Your Financial Success
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P.S. There is no penalty when you don't take action and register for the InvestData 2019 Post-Election Bulls and Bears Workshop but there is a huge price you will pay because there is nothing like sitting on the fence. It is either you are IN or OUT. So, click on the below link to register now

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Investdata Daily Sentiment Report as at March 20th, 2019

NSEASI buy 70% sell 30% volume index 0.82 MFI 22.28
Access buy 50% sell 50% volume index 2.76 MFI 58.19
Afrprud buy � volume index 0.78 MFI 45.61
Dangcem buy 0% volume index 0.81 MFI 42.79
Dangflour buy 80% sell 20% volume index 1.57 MFI 58.66
Dangsugar buy 0% MFI 26.62
Diamond buy 0% MFI 69.11
Eti buy 0% MFI 31.35
Fbnh buy 67% sell 33% MFI 70.91
Fcmb buy � MFI 35.38
Fidelity buy � MFI 51.72
GT buy � volume index 0.97 MFI 51.39
Nascon buy � MFI 63.94
Nigerins buy 50% sell 50% volume index 5.62
Oando buy � MFI 40.28
Transcorp buy � MFI 35.31
Uba buy 50% sell 50% volume index 1.33 MFI 47.03
Wema buy � MFI 25.98
Zenith buy 83% sell 17% MFI 51.50

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_21.html?m=1

Increased Buy Interest, Amidst Dividend Declaration, Q1 Portfolio Repositioning

Market Update for March 19
The negative outing on the Nigerian Stock Exchange (NSE) persisted Tuesday as the composite All-Share index increased its losing momentum to close lower on relatively high volume traded driven by selloffs in highly capitalized stocks. This followed the failure of the ongoing earnings season and dividend payout failed to turn around the market due to the dwindling confidence and liquidity levels in the equity segment of capital market.

In a move likely to enhance spending capacity in the economy, the Nigerian Senate, also on Tuesday approved the proposed new minimum wage of N30,000, representing 66.7% increase from N18,000. The government however seems to be giving with one hand and collecting with the other, following plans to immediately raise Valued Added Tax (VAT) by 50%, from the current 5% to 7.5%. We believe that this increment in VAT will not make the minimum wage increase impact the lives of civil servants, because prices of goods and services will increase more than the net difference of 16.7% recorded between the wage increase and VAT.

Trading for the day started out with a move down between the morning session and midday, before consolidating in the afternoon as it moved back up again, but when it could not get through resistance, the index started to rollover in a very orderly fashion, which opened to be retested. It bounced back late in the day, but in the last minutes rolled over, reducing the position and finished lower on mixed sentiments.

The NSE index touched intraday low of 30,965.22 basis points to breakdown the 31,000 mark from its highs of 31,133.56bps, before retracing up, to close the session at 31,082.32bps.

Tuesday’s market technicals were negative and mixed with volume traded higher than previous day’s in the midst of negative breadth and improving buying sentiment, as revealed by Investdata’s Daily Sentiment Report, showing a buy position 70% and sell volume of 30% on total daily transaction volume index at 0.82.

Energy behind the day’s market performance was weak but slightly up despite the bear trend as shown by money flow index at 22.28 points, up from previous day’s 21.21bps, indicating a slowdown in the rate at which funds are exiting the market. This was as investors thirst for banking stocks increasing due to earnings expectation and dividend possibility from second tier banks.

Index and Market Cap
At the end of trading, the All Share index (NSEASI) lost 43.07bps to close at 31.082.32bps, from an opening figure of 31,125.39bps representing 0.14% decline; while market capitalization shed N16.06bn, closing at N11.59tr, from its opening value of N11.61tr, also representing a 0.14% depreciation in value.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this earnings season and beyond.

The session’s downturn was impacted by selloffs in medium and high cap stocks like Dangote Cement, Nestle, Nigerian Breweries Stanbic IBTC, Presco, PZ, Dangote Sugar, Dangote Flour, as well as Diamond Bank. This impacted negatively on Year-to-Date loss position, raising it to 1.11%, while market capitalization loss increased to N69.8bn from the year’s opening level of N11.72tr, representing a 1.11% decline in value

Mixed Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Banking and Oil/Gas that closed green, while others were down due to selloffs and profit booking even as market breadth was almost flat, with decliners outpacing advancers in the ratio of 18:17.

Market activities were up in volume and value by 39.46% and 60.70% respectively to 286.90m shares worth N3.09bn, compared to the previous day’s 205.73m units valued at N1.93bn. Volume was driven by financial services and ICT stocks like: Access Bank, UBA, Zenith Bank, Guaranty Trust Bank and Chams.
Companies that have so far enjoyed positive reaction to their 5 kobo dividend per share since the announcement are McNichols and First Aluminum, emerging the best performing stocks for the day. They gained 10% and 7.14% respectively to close at N0.66 and N0.30 per share on market sentiment and forces respectively. On the flipside, Presco and GSK lost 9.33%% and 9.09% respectively, closing at N68.00 and N10.50 each, on the back of profit taking and market forces.

Market Outlook
With the increased buying interest in low cap stocks ahead of their dividend declaration and end of the quarter portfolio repositioning we expect selloff to subside, as investors look forward to positive economic statement and policy to give direction. Volatility may however continue, as market players adopt the wait-and-see attitude in the face of repositioning for the ongoing 2019 dividend declaration season and relative post-general elections peace to shape market performance in the interim. We advise cautious trading and investing while positioning in fundamentally sound equities.

Volatility will also continue as investors and fund managers reposition their portfolios, with eyes fixed on earnings reports, but investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value.

We advise also that investors should allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals

Invest 2019 Abuja Post-Election Stock Market Workshop
Venue: Chida International Hotel, Plot 224 Solomon Lar Way, Utako District Abuja
Date: March 23, 2019
REGISTRATION IS FREE

It will cover the following
1. Outlook for 2019 and Post-Election Expectations
2. Enhancing cash flow through Playing Dividend Stocks
3. Sectoral Analysis and Projections that support Stock Prices
4. How Government Policies & Reforms influence market performance
5. How to invest in equities, using Quarterly Earnings for Profitable Returns

Meanwhile, the Comprehensive Home Study Pack of our Invest 2019 Traders & Investors summit in Lagos (containing 10 golden stocks for 2019), will be on sales at N20, 000 each. First 25 persons to register at venue will get 35% discount.

Expected Takeaways from this workshop include:
A. How to identify stocks that are outperforming the market
B. How to ensure juicy returns using low risk trading strategies in any prevailing market
C. Avoiding BEAR/BULL traps in 2019
D. knowing the quality of Earnings that drive equity prices, support payouts
TAKE ACTION

The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack (USB) that you can play on your phone, Laptop and Television set.

The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable trade in 2019, insight into industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment
Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, and 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/03/increased-buy-interest-amidst-dividend-declaration-q1-portfolio-repositioning/

Merger: NGSE Places Diamond Bank On Full Suspension, Lifts Thomas Wyatt

Following the completion of its business combination and the ongoing integration process with Access Bank, effective Tuesday, March 19, 2019, the Nigerian Stock Exchange (NSE), on Wednesday morning placed Diamond Bank Plc on full suspension.
This means there were be no more trading on its shares.

According to the NSE in its notice, “the suspension is required to prevent trading in the shares of the bank in order to determine the bank’s shareholders who will qualify to receive the Scheme consideration.

A notice by the NSE said the decision also followed the Tuesday, March 19, 2019, court sanction of the scheme of merger between both banks, which also followed the near-unanimous approval of the merger by the shareholders at court-ordered meetings of both institutions on March 6. The fusion has also received the nod of their primary regulator- the Central Bank of Nigeria (CBN), as well as the Securities & Exchange Commission (SEC).
“The Scheme will result in the delisting of Diamond Bank Plc from the Daily Official List of The Exchange,” the NSE added.

Addressing investors during a conference call on Monday, the management of Access Bank assured that the integration will be seamless, given its past merger experience over the 2000’s when it cut its teeth in business combination, with the absorption of Allison Ayida’s then Credit Lyonnais Bank Ltd.
Meanwhile, the NSE also on Wednesday announced a lifting of the suspension placed on trading in the shares of Thomas Wyatt Nigeria Plc.

The company was suspended via Market Bulletin of November 1, 2018, with Reference Number: NSE/RD/LRD/MB01/18/11/01, along with five other listed companies for non-compliance with its Rule 3.1.
Titled Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers Rules) (Default Filing Rules), “provides that: if an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will: send to the Issuer a second Filing Deficiency Notification within two business days after the end of the Cure Period; suspend trading in the Issuer’s securities; and notify the Securities and Exchange Commission (SEC) and the Market within 24 hours of the suspension.”

Management of the exchange, confirmed “the submission of the company’s outstanding financial statements and pursuant to Rule 3.3 of the Default Filing Rules, which provides that: the suspension of trading in the Issuer’s securities shall be lifted upon submission of the relevant accounts provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.”

https://investdata.com.ng/2019/03/merger-ngse-places-diamond-bank-on-full-suspension-lifts-thomas-wyatt/

Investdata Daily Sentiment Report as at 21 March, 2019

NSEASI buy 29% sell 71% MFI 23.55
Access buy � volume index 2.52 MFI 71.60
Aiico buy 0% volume index 1.34 MFI 22.20
Cadbury buy � volume index 1.85 MFI 52.22
Cutix buy 0% volume index 1.24 MFI 32.11
Dangflour buy � volume index 0.73 MFI 71.51
Dangsugar buy � MFI 43.46
Fbnh buy 0% MFI 74.78
Fcmb buy 20% sell 80% volume index 0.92 MFI 44.11
Fidelity buy � volume 1.10 MFI 63.71
GT buy � MFI 64.09
Nahco buy � volume index 2.59 MFI 0.00
Nascon buy � MFI 65.78
Oando buy 67% sell 33% volume index 0.88 MFI 39.75
Sovereins buy 0% volume index 2.44 MFI 72.07
Transcorp buy � MFI 41.78
Uba buy 40% sell 60% MFI 55.61
Ucap buy 0% MFI 71.65
Wapic buy � volume index 1.64 MFI 63.87
Wema buy � MFI 30.72
Zenith buy � MFI 55.94

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_36.html