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 Business To Business › Re: Introduce Your Business by ACAN(m): 12:19pm On Sep 09, 2019 |
Intex Marketing International Limited is the sole distributor of Intex Products nationwide, such as Airbeds, Above Ground Pools (Swimming pool), Spas, Floats &Toys, Pumps, Sporting Goods, Air Furniture, Boats and more. We are part of a worldwide family of companies with more than 40 years of history behind us. Our objective is to deliver the best quality products in Nigeria. Our vision is to be the most recognizable, trusted and innovative company in our industry. We routinely test finished products to make sure they meet our elevated standards for quality, safety, and value. We're also committed to decreasing our carbon footprint. For over 10 years, we've worked with our supplier to reduce the number of fossil fuels used. You can read more about our safety and sustainability efforts here. HEAD OFFICE/SHOW ROOM Address: No1, Esietedo Street, off Navy Road, Satellite Town, Lagos, Nigeria Contact Person: Chika Ezeani Phone no: 08034179530, 08052287959 Email: intexmarketingintltd@gmail.com WEBSITES: http://intexnigeria.com/ https://intexnigeria.business.site/
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| Business To Business › Re: Introduce Your Business To All Over World Free Of Cost by ACAN(m): 12:17pm On Sep 09, 2019 |
Intex Marketing International Limited is the sole distributor of Intex Products nationwide, such as Airbeds, Above Ground Pools (Swimming pool), Spas, Floats &Toys, Pumps, Sporting Goods, Air Furniture, Boats and more. We are part of a worldwide family of companies with more than 40 years of history behind us. Our objective is to deliver the best quality products in Nigeria. Our vision is to be the most recognizable, trusted and innovative company in our industry. We routinely test finished products to make sure they meet our elevated standards for quality, safety, and value. We're also committed to decreasing our carbon footprint. For over 10 years, we've worked with our supplier to reduce the number of fossil fuels used. You can read more about our safety and sustainability efforts here. HEAD OFFICE/SHOW ROOM Address: No1, Esietedo Street, off Navy Road, Satellite Town, Lagos, Nigeria Contact Person: Chika Ezeani Phone no: 08034179530, 08052287959 Email: intexmarketingintltd@gmail.com WEBSITES: http://intexnigeria.com/ https://intexnigeria.business.site/
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| Business To Business › Re: Introduce Your Business to all over world free of cost by ACAN(m): 12:13pm On Sep 09, 2019 |
Intex Marketing International Limited is the sole distributor of Intex Products nationwide, such as Airbeds, Above Ground Pools (Swimming pool), Spas, Floats &Toys, Pumps, Sporting Goods, Air Furniture, Boats and more. We are part of a worldwide family of companies with more than 40 years of history behind us. Our objective is to deliver the best quality products in Nigeria. Our vision is to be the most recognizable, trusted and innovative company in our industry. We routinely test finished products to make sure they meet our elevated standards for quality, safety, and value. We're also committed to decreasing our carbon footprint. For over 10 years, we've worked with our supplier to reduce the number of fossil fuels used. You can read more about our safety and sustainability efforts here. HEAD OFFICE/SHOW ROOM Address: No1, Esietedo Street, off Navy Road, Satellite Town, Lagos, Nigeria Contact Person: Chika Ezeani Phone no: 08034179530, 08052287959 Email: intexmarketingintltd@gmail.com WEBSITES: http://intexnigeria.com/ https://intexnigeria.business.site/
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| Adverts › Home Furniture Company by ACAN(op): 12:08pm On Sep 09, 2019 |
Intex Marketing International Limited is the sole distributor of Intex Products nationwide, such as Airbeds, Above Ground Pools (Swimming pool), Spas, Floats &Toys, Pumps, Sporting Goods, Air Furniture, Boats and more. We are part of a worldwide family of companies with more than 40 years of history behind us. Our objective is to deliver the best quality products in Nigeria. Our vision is to be the most recognizable, trusted and innovative company in our industry. We routinely test finished products to make sure they meet our elevated standards for quality, safety, and value. We're also committed to decreasing our carbon footprint. For over 10 years, we've worked with our supplier to reduce the number of fossil fuels used. You can read more about our safety and sustainability efforts here. HEAD OFFICE/SHOW ROOM Address: No1, Esietedo Street, off Navy Road, Satellite Town, Lagos, Nigeria Contact Person: Chika Ezeani Phone no: 08034179530, 08052287959 Email: intexmarketingintltd@gmail.com WEBSITES: http://intexnigeria.com/ https://intexnigeria.business.site/
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:19pm On Sep 02, 2019 |
UBA Plc 2019H1: Impressive Investment, Efficiency Ratios, Trading At Huge Discount On Friday, August 30, 2019, United Bank for Africa Plc presented its audited results for the half-year ended June 30, 2019, in line with its post-listing requirement, just one day after that of 2018. The high asset quality and risk management framework were evident in the decline in loan loss provision and increasing earnings power, which was driven by income from investment, foreign exchange. This was in addition to fee income from electronic and internet banking within the period under consideration. The group sustained growth and profit across all its operational bases, an assurance of value creation and delivery to all stakeholders. In real terms, the bank’s result is impressive when compared to that of the corresponding period, with gross earnings at N293.7bn, up by 14% from N257.9bn in 2018, while profit climbed 29.45% up to N56.7bn, as against N43.8bn in the previous year. The reduction in an Impairment charge on financial assets for the period to N3.12bn, from N6.73bn in 2018, fees income N52.34bn, compared to N45.85bn in 2018; while trading/foreign exchange revenue of N32.75bn from N20.46bn in 2018; Should this up-trend be sustained in the subsequent quarters of the year, it would support the share price rebound and raise hope for higher dividend payout despite the market trend driven low price. The bank’s Dividend Yield remained the best among others that recently declared an interim dividend, for a company whose shares are currently trading at N5.85 each, which translates to over 170% below Book Value of N15.86 per share, which revealed the undervalued state of UBA’s share, as well as its upside potential. The bank’s Price to Earnings ratio is 0.88x, while investors’ waiting period has dropped significantly from 1.57x as a result of growth in its earnings power and general down market condition. Notwithstanding, the weak economy and risk exposure, with all sectors of the system struggling due to the harsh economic environment in which companies operate, the Non-Performing Loan ratio dropped to 5.62% from 6.45% position as at the full year 2018. It is noteworthy that at 48.04%, as of half-year, UBA Plc is yet to meet the minimum 60% Loan to Deposit ratio prescribed by the Central Bank of Nigeria (CBN) beginning from the end of September 2019. The bank’s dexterity in navigating its balance sheet towards areas of opportunities was also revealed within the review period, even as its Capital Adequacy Ratio climbed to 28%, from 23.6% in December 2018. Despite the marginal growth in Net Interest Income as reported by the bank, its profitability, investment and efficiency ratios remained impressive, a reason for which investors should look the way of the bank’s stock for their different investment purposes. Profit before and after-tax margin climbed to 37.31%, and 19.32% respectively from 2018 position of 24.36% and 16.98%. Return on equity and asset stood at 10.46% and 1.11% respectively. As shown in the table above Technical View The bank’s price action has followed the general market direction, despite serious attempts at a rebound which failed as a result of prolonged bearish sentiment prevailing in the market and economy. The downtrend has been for almost two years as UBA’s stock continues, following which it made lower lows, despite the positive financials before recently forming a descending triangle. This chart pattern indicates a continuation or reversal of the trend. The strong support level of the bank in its pullback movement is N5.00 per share. The likelihood of a breakout from the triangle is high considering the Q2 earnings and mixed sentiment. Looking at the 3.42% yield and the low market value, traders and Investors should look the way of UBA for the breakout of the first resistance at N6.40 and the second resistant at N7.80 or reversal to first support level at N4.86 and second support price of N4.60. The momentum of the trend is weak at 29.36points despite its above 20 ADX. Forecasts The bank’s full-year 2019 gross earnings forecast is N538.29bn, representing a 14% improvement relative to FY 2018, while net income of N100.17bn is estimated for the period, which translates to a 27.44% improvement on the 2018FY. This yields an EPS of N3.18 and a forward P/E of 1.84X. The prevailing low prices of stocks in the banking sector and the nature of UBA’s services ensure that the industry has remained attractive to domestic and foreign investors as volume traded remained relatively high for traders. We expect less loan loss provisions even as the bank works on complying with the CBN 60% Loan to Deposit Ratio, if the real sector experiences recovery in the last quarter of the year, due to the festive season. It is believed that the government will hit the ground running now that portfolios have been assigned to the Ministers. Analysts Opinion/Recommendations UBA’s shares are undervalued, considering the projection for 2019 financial year-end. The stock is currently trading at a 201% discount to our Fair Value estimate of N18.00. We are still skeptical as a result of the unfriendly business environment in Nigeria, especially with the rate cut and insecurity across the entire northern Nigerian stretch, coupled with the delay in implementation 2019 budget. We note the impressive and steady rise in the bank’s Book Value position over the last years and the short waiting period for as revealed by Price to Earnings ratio. However, the group’s management must be proactive with its Return on Equity (ROE) growth. We, therefore, retain our BUY recommendation on UBA share. Robust Balance Sheet, Supporting Growth And Profitability The bank’s ability to strengthen its retail and investment banking business segments will further enhance earnings, profit and enable the board to reward investors handsomely at the full year. The ongoing deposit drive and proactive balance sheet deployment will deliver positive results as expected, going into the future. The group’s management was very effective, with the cost of risk at 0.60%, ensuring that the backlash of some regulatory policy changes was moderated. The relative stability in local currency is an incentive for UBA Plc to sustain offshore earnings through its operating network and in the process support bottom-line growth. Four-Year Performance (2015-2018) The bank has been resilient as mentioned earlier, despite the tight economic conditions, especially since the crash in oil prices and the resultant pressure on disposable income. This may have been the major restraining factor against the creation of risk assets during the review period. Gross earnings over the four-year period grew by 47.98% to N456.9bn from N314.83bn in 2015. The profitability level for this period was stable, despite different regulatory rules and huge provisions. The bottom line for the same period was up by 31.76% from N59.65bn in 2015 to N78.6bn as shown in the table below. Efficiency for the period declined before the recent reversal, as shown by the Return on Equity (ROE) of 17.98%, 16.13%, 14.68% and 15.64% for 2015, 2016, 2017 and 2018 respectively. Profit margin (PM) experienced a downward swing during the same period to 16.87%, from 18.95% year-on-year remaining above the 15% international standard. Management also grew shareholders funds for the period by 51.11% to N502.6bn, from N332.62bn in 2015. Robust Balance Sheet, Supporting Growth And Profitability The bank’s ability to strengthen its retail and investment banking business segments will further enhance earnings, profit and enable the board to reward investors handsomely at the full year. The ongoing deposit drive and proactive balance sheet deployment will deliver positive results as expected, going into the future. The group’s management was very effective, with the cost of risk at 0.60%, ensuring that the backlash of some regulatory policy changes was moderated. The relative stability in local currency is an incentive for UBA Plc to sustain offshore earnings through its operating network and in the process support bottom-line growth. Four-Year Performance (2015-2018) The bank has been resilient as mentioned earlier, despite the tight economic conditions, especially since the crash in oil prices and the resultant pressure on disposable income. This may have been the major restraining factor against the creation of risk assets during the review period. Gross earnings over the four-year period grew by 47.98% to N456.9bn from N314.83bn in 2015. The profitability level for this period was stable, despite different regulatory rules and huge provisions. The bottom line for the same period was up by 31.76% from N59.65bn in 2015 to N78.6bn as shown in the table below. Efficiency for the period declined before the recent reversal, as shown by the Return on Equity (ROE) of 17.98%, 16.13%, 14.68% and 15.64% for 2015, 2016, 2017 and 2018 respectively. Profit margin (PM) experienced a downward swing during the same period to 16.87%, from 18.95% year-on-year remaining above the 15% international standard. Management also grew shareholders funds for the period by 51.11% to N502.6bn, from N332.62bn in 2015. 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/2019/09/uba-plc-2019h1-impressive-investment-efficiency-ratios-trading-at-huge-discount/
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:11pm On Sep 02, 2019 |
Investdata Monthly Sentiment Report as of 2 September 2019 NSEASI buy 69% sell 31% MFI 24.31 Abc buy 67% sell 33% volume index 1.09 MFI 64.87 Access buy 78% sell 22% volume index 0.76 MFI 24.48 Afrprud buy � MFI 45.14 Aglev buy 14% sell 86% MFI 31.44 Aiico buy 44% sell 56% MFI 55.47 Berger buy � MFI 18.70 Beta buy 0% MFI 73.63 Cadbury buy 13% sell 87% MFI 61.38 Cap buy � MFI 58.11 Caverton buy 2% sell 98% volume index 0.98 MFI 58.30 Ccnn buy � MFI 24.16 Chams buy 67% sell 33% volume index 1.07 MFI 90.16 CIleasing buy � MFI 54.22 Conoil buy 6% sell 94% volume index 0.84 MFI 14.67 Continsure buy 29% sell 71% MFI 50.40 Custodian buy 81% sell 19% MFI 59.24 Cutix buy 58% sell 42% volume index 0.80 MFI 54.18 Dangcem buy 9% sell 91% volume index 0.95 MFI 29.90 Dangflour buy 97% sell 3% volume index 1.23 MFI 83.26 Dangsugar buy 23% sell 77% MFI 15.31 Eterna buy 75% sell 25% volume index 1.09 MFI 21.38 Eti buy 63% sell 37% volume index 2.07 MFI 5.00 Fbnh buy 17% sell 83% volume index 0.72 MFI 31.03 Fcmb buy 39% sell 61% MFI 31.21 Fidelity buy 93% sell 7% MFI 44.92 Fmn buy 32% sell 68% volume index 0.97 MFI 12.73 Fo buy 40% sell 60% volume index 1.71 MFI 36.16 Glaxo buy 0% MFI 14.52 GT buy 57% sell 43% volume index 1.34 MFI 36.48 Honyflour buy 50% sell 50% MFI 24.17 Jaiz buy 60% sell 40% MFI 34.82 Japaul buy 0% MFI 64.91 JBerger buy 0% MFI 42.57 Lasaco buy 25% sell 75% MFI 30.95 Lawunion buy 43% sell 57% MFI 45.21 Learn buy 88% sell 12% MFI 53.04 Linkass buy 0% MFI 20.49 Lvstk buy 40% sell 60% MFI 14.29 Mansard buy 71% sell 29% MFI 35.18 M&B buy 39% sell 61% MFI 68.82 Mben buy 50% sell 50% volume index 0.75 MFI 25.40 Nahco buy 48% sell 52% MFI 23.01 Nascon buy 33% sell 67% MFI 41.48 Neimeth buy 58% sell 42% volume index 1.64 MFI 28.40 Nem buy 0% MFI 86.06 Nestle buy 88% sell 12% volume index 0.81 MFI 40.59 Npf buy 50% sell 50% volume index 0.79 MFI 35.39 Oando buy 79% sell 21% MFI 13.72 Okomu buy 11% sell 89% volume index 1.15 MFI 28.05 Pz buy 44% sell 56% MFI 32.39 Red buy 0% MFI 32.05 Seplat buy 0% MFI 35.15 Sovereins buy 0% MFI 62.42 Stanbic buy 96% sell 4% MFI 29.92 Sterling buy � volume index 1.08 MFI 80.29 Total buy 19% sell 81% MFI 35.92 Transcorp buy 68% sell 32% volume index 0.76 MFI 44.10 Uacp buy 0% volume index 1.65 MFI 45.32 Uacn buy 38% sell 62% volume index 1.16 MFI 3.25 Uba buy 64% sell 36% MFI 26.66 Ubn buy 67% sell 33% MFI 83.79 Ucap buy 62% sell 38% MFI 24.07 Unilever buy 30% sell 70% MFI 27.52 Uniondac buy 50% sell 50% MFI 80.93 Unity buy 71% sell 29% MFI 44.85 Wapco buy 38% sell 62% volume index 4.00 MFI 57.54 Wapic buy 67% sell 33% MFI 31.75 Wema buy 63% sell 37% MFI 8.49 Zenith buy 35% sell 65% volume index 0.74 MFI 29.09 https://investdataltd..com/2019/09/investdata-monthly-sentiment-report-as.html?m=1
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 7:07pm On Aug 31, 2019 |
MARKET UPDATE FOR THE WEEK ENDED 23 AUGUST, 2019 Dear Investors and Traders, Ambrose Here Again, Welcome to this amazing part of Market the Weekly Video Update precisely August 23rd. A lot really happened last the week so in the video, you will discover; 1. A general overview of the The market as at last week 2. Reasons why there was an increase in the share index. 3. Which position should traders and investors take? 4. Why market reversal is eminent? 5. . What members of the Buying and Selling Signal have benefited? 6. Which type of stock you should invest now.? 7. Others topics For further information on WHAT NEXT, call now 08028164085, 0803205546 Dedicated to Your Financial Success, Ambrose Omordion https://www.youtube.com/watch?v=HnN-5fcK3bQ #valueinvesting #stocktrading #stocks #stockexchange #financialmarkets #currency #financeandeconomy #nigeria #centralbank #stockmarket #trading |
| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 6:34pm On Aug 29, 2019 |
Aftermath Of Failed Rally: Mixed Performance Ahead, Amidst Profit-taking, Low Liquidity Market Update for August 27 Trading on the Nigerian Stock Exchange (NSE) remained bearish for the second consecutive day after a failed attempt at the rebound. Tuesday’s was yet another very volatile and mixed session that confirmed the failed bear rally as the key performance index, the NSE All-Share could not follow through on the fourth day, just as the intraday low has been undercut on an increased volume of trade. Given that effect of the seemingly positive news of a new cabinet has been halted at the beginning of the week, investors are looking to the release of Nigeria’s Q2 GDP, a major macroeconomic data, sometime next week. The GDP data will, nonetheless, confirm what the nation’s stock market has been signaling- that all may not be well with the economy after all. Also, the month of August is gradually drawing to a close, just as fixed-income yields are on the rise, due to foreign investors offloading their positions, leading to the ongoing price drops in the fixed income market. Many investors are treading cautiously at this time, given what they see in many developed economies, going by the slow growth seen in their recently released GDP data which is confirming the gloomy picture of the global economy. Recall that the Nigerian economy has been struggling long before now. It true that the current market situation has created huge opportunities for discerning investors and traders that are thinking medium and long term, ahead of the Q3 earnings session in October, which takes the market into its last quarter for the year, as they reposition their portfolios. Often times, what differentiates successful trader from others is remaining the ability to stay objective, while keeping to time-tested trading/investing rules instead of trading your profit and loss. Fortunately, you don’t have to invest or trade alone, get the tools, education, information and experts opinion. Meanwhile, the NSEASI opened for Tuesday’s trading on a gapped down which lasted till mid-afternoon on continued selloffs in high cap stocks, especially in the oil/gas sector that dragged the index to touch intraday lows of 27,475.64 basis points from a high of 27,691.83bps. It then retraced up to finish the day at 27,602.64bps, lower than its opening figure of 27,691.83bps. Tuesday’s market technicals were negative and mixed, recording a higher traded volume than the previous day’s, as market breadth favoured the bears. Market sentiment was mixed as revealed by Investdata’s Daily Sentiment Report, showing ‘buy’ volume at 59% and a ‘sell’ position of 41% on total daily transaction volume index of 0.85. The energy behind the day’s performance remained weak, despite inching up as Money Flow Index read 37.23 points, from the previous session’s 36.15bps, an indication that funds entered some stocks like MTNN and Zenith, reducing the day’s losing momentum. This was just as buying interest for dividend-paying stocks increased, even as stocks like Seplat Petroleum, Total Nigeria, International Brewery, Livestock Feeds, University Press and others hit a new 52-week low. It may be interesting to know why Seplat has suffered 10% fall each in two consecutive days. Index and Market Cap At the end of trading, the composite NSEASI lost 89.08bps, closing at 27,602.64bps, after opening at 27,691.85bps, representing a 0.32% drop, just as market capitalization closed N43.34bn lower at N13.43tr, from an opening value of N13.49tr, representing 0.32% depreciation. Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right ahead of Q3 earnings reports portfolio reshuffling and repositioning ahead of fiscal and monetary policy catalysts. The session’s downturn was due to selloffs and profit booking in stocks like Dangote Cement, Guaranty Trust Bank, Seplat, Total Nigeria, UACN, FBNH, UBA, Ecobank Transnational Incorporated and International Brewery, among others. These declines impacted negatively on the NSE’s Year-to-Date loss, increasing it to 12.18%, just as YTD market capitalization gain dropped to N1.71tr or 15.02% from the year’s opening level of N11.72tr. Bearish Sector Indices All sectoral performance indices closed in red on Tuesday, except for the NSE Insurance index that notched 0.08%. The NSE Oil/Gas index led the decliners, after losing 5.80%, followed by the Banking index’s 1.64% slide, while Industrial Goods followed, shedding 0.99%. The Consumer Goods index stayed flat. Market breadth remained negative as decliners outnumbered advancers in the ratio of 23:13; but market activities in volume and value traded were up by 15.31% and 94.11% respectively at 183.65m shares worth N4.50 billion, from the previous day’s 158.27m units valued at N2.32bn. The day’s volume was driven by trades in Transcorp Plc, Guaranty Trust Bank, Access Bank, MTNN and FBNH. The best-performing stocks for the session were PZ and Courtville Business Solution, which gained 5.93% and 5% respectively to close at N6.25 and N0.21 per share on the expectation of their Q4 numbers and market forces. On the flip side, Seplat and Neimeth lost 9.82% and 9.62% respectively to close at N397.70 and N0.47 on selloffs also on the back of market forces. Market Outlook This mixed performance will continue in the midst of profit-taking at a time of prevailing low liquidity, oscillating oil price, even as Investdata sees the likelihood of a slowdown in Nigeria’s expected Q2 GDP data. Also speculation ahead of month-end window dressing, taking advantage of the seeming improvement in some other economic indices released recently, as well as corporate earnings showing the true position of Nigeria’s listed companies. Meanwhile, long-term investors are reshuffling their portfolios in anticipation of interim earnings reports of dividend-paying companies. Discerning investors should target value stocks considering the current low valuation as they position for dividend income and capital gains, especially as the market’s Price to Earnings ratio remains attractive at 5.45x, which is well below the 8.24x average of its peers and its 9.56x five-year average. The current situation has revealed the existence of value and the high upside potentials for a rally. But then, wait to confirm reversal before jumping into a new position. Investors should also take into consideration the expected economic reforms as President Buhari has assigned portfolio to the ministers. Central Bank of Nigeria (CBN) had earlier rolled out plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth. There is also the likely impact of portfolio repositioning for the last quarter of the year ahead of Q3 financials in the midst of analyzing Q2 numbers and unfolding political events. https://investdata.com.ng/2019/08/aftermath-of-failed-rally-mixed-performance-ahead-amidst-profit-taking-low-liquidity/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 6:20pm On Aug 29, 2019 |
Mixed Outlook On NGSE, Amidst Prevailing Low Liquidity, Month-end Window Dressing Market Update for August 28 Stocks on the Nigerian Stock Exchange at the midweek struggled to recover ahead of month-end window dressing, as the nation’s economic situation and waning investor confidence continue to reflect by way of persistent profit-taking, just as the recent attempt at a rebound is weighing on buying interest. Investors have their gaze fixed on the expected economic policies to be churched out by the new Federal Executive Council, implementation of the 2019 budget and the all-important Q2 GDP report by the National Bureau of Statistics (NBS) for direction, as the month of August comes gradually to an end. The session’s mixed sentiment supported the benchmark NSE All-Share index as it closed marginally positive on the strength of increasing demand for shares of telecommunication giants- MTN Nigeria, as well as stocks in the industrial, insurance and oil/gas sectors. Despite the continued profit-taking in the banking and consumer goods stocks, the prevailing low traded volume and liquidity are signs of indecision among traders and investors who have, before now, adopted wait-and-see. A mixed half-year earnings report was presented to the market by Stanbic IBTC Holdings Plc, showing a 15% drop in net profit, despite which the directors offered to pay N1.00 interim dividend per share. The boards of Nigerian Enamelware Plc and Greif Nigeria Plc presented their first and third quarter reports respectively, which were also unimpressive and in red, reflecting the state of the economy, while following the trend of reports released by other companies earlier. Also, ETI informed the investing public that the International Finance Corporation (IFC) is divesting its 14.1% stake to Arise B.V (READ MORE), just as Forte Oil received a mandatory takeover offer from Ignite Investments and Commodities Limited to purchase 500,000 units at N66.25 per share. All these are expected to influence the market and share prices of these companies as trading opens Thursday morning. Meanwhile, trading at midweek oscillated as the composite index opened on a slight upside and pulled back by the midday to afternoon, touching intraday low of 27,546.34 basis points, from a high of 27,626.37bps. It thereafter rebounded to close the day marginally above its opening figure at 27,607.02bps on a mixed sentiment. Market technicals for the day were positive and weak, as volume traded was lower than the previous day’s, in the midst of flat market breadth and strong buying pressure, as revealed by Investdata’s Daily Sentiment Report, showing ‘buy’ volume at 76% and a ‘sell’ position of 24% on total daily transaction volume index of 0.61. The momentum behind the day’s performance remained weak, despite moving up as Money Flow Index read 41.72 points, from the previous session’s 37.23bps, an indication that funds entered some stocks and the market as buying interest for dividend-paying stocks increased. Index and Market Cap At the end of Wednesday trading, the All-Share Index gained a marginal 4.25bps, closing at 27,607.02bps, having opened at 27,602.64bps, representing a 0.02% up, just as market capitalization was up by N2.05bn to N13.43tr from an opening value of N13.43tr, which represented 0.02% value gain. Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right ahead of Q3 earnings reports portfolio reshuffling and repositioning ahead of fiscal and monetary policy catalysts. The day’s upturn resulted from bargain hunting in stocks like Dangote Cement, MTNN, Lafarge Africa, CCNN, Oando, Ecobank Transnational Incorporated, and Forte Oil, among others. These had a marginally positive impact on the NSE’s Year-to-Date loss, as it stayed at 12.16%, just as YTD market capitalization gain inched to N1.71tr or 15.04% from the year’s opening level of N11.72tr. Mixed Sector Indices The sectoral performance indexes were largely bullish, except for the NSE Banking and Consumer goods index that closed lower by 1.34% and 0.105 respectively. The NSE Insurance index led the advancers, gaining 2.25%, followed by the Industrial Goods index’s 1.0% and 0.36% in the Oil/Gas index. Market breadth was flat as decliners were equal in number to advancers in the ratio of 13:13; but market activities in volume and value traded dropped by 29.01% and 33.22% respectively at 130.37m shares worth N3.01bn, from the previous day’s 183.65m units valued at N4.50. The day’s volume was driven by trades in Transcorp Plc, MTNN, Zenith Bank, Nestle and Guaranty Trust Bank, John Holt and Cornerstone Insurance were the best-performing stocks for the day after gaining 10% each to close at N0.55 and N0.22 per share on market forces. On the flip side, Honeywell Flour and PZ lost 7.41% and 5.60% respectively to close at N1.00and N5.90 on profit-taking and market forces. Market Outlook We expect the mixed performance to continue in the midst of profit-taking at a time of prevailing low liquidity, oscillating oil price, even as Investdata sees the likelihood of a slowdown in Nigeria’s expected Q2 GDP data. Also speculation ahead of month-end window dressing, taking advantage of the seeming improvement in some other economic indices released recently, as well as corporate earnings showing the true position of Nigeria’s listed companies. Meanwhile, long-term investors are reshuffling their portfolios in anticipation of interim earnings reports of dividend-paying companies. Discerning investors should target value stocks considering the current low valuation as they position for dividend income and capital gains, especially as the market’s Price to Earnings ratio remains attractive at 5.45x, which is well below the 8.24x average of its peers and its 9.56x five-year average. The current situation has revealed the existence of value and the high upside potentials for a rally. But then, wait to confirm reversal before jumping into a new position. Investors should also take into consideration the expected economic reforms as President Buhari has assigned portfolio to the ministers. Central Bank of Nigeria (CBN) had earlier rolled out plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth. There is also the likely impact of portfolio repositioning for the last quarter of the year ahead of Q3 financials in the midst of analyzing Q2 numbers and unfolding political events. https://investdata.com.ng/2019/08/mixed-outlook-on-ngse-amidst-prevailing-low-liquidity-month-end-window-dressing/#mor
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| Business To Business › Re: Small Business Owners Lets Meet Here For Networking by ACAN(m): 5:37pm On Aug 28, 2019 |
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| Business To Business › Re: Links To Haulage Threads by ACAN(m): 5:34pm On Aug 28, 2019 |
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| Business To Business › Re: Small Business Owners Lets Meet Here For Networking by ACAN(m): 5:21pm On Aug 28, 2019 |
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 4:47pm On Aug 28, 2019 |
CBN Rebuffs Protests, Begins Implementation Of Ban On FX Sale To Milk Importers Reuters on Tuesday reported that the Central Bank of Nigeria (CBN) has begun implementation of its ban on the sale of foreign exchange to importers of milk through its official window, apparently brushing aside protests from a section of the organized private sector opposed to the decision which was announced last month. According to the report, CBN directed banks to stop processing milk imports on a credit basis, quoting bank sources, in its bid to spur local production and save the country’s scarce foreign exchange. The CBN Governor, Godwin Emefiele, had while briefing reporters after the last meeting of the Monetary Policy Committee (MPC), announced plans to add milk import to its list of items that cannot be imported using forex access through the official window. He had lamented that Nigeria spends between $1.2bn and $1.5bn annually to import milk. In a circular to banks in the country, the apex bank said milk imports will no longer be eligible under payment terms known as “bills for collection” which allowed the importer to buy on credit. Importers would need to fund their naira accounts and open letters of credit, bankers told Reuters. Bankers said the central bank wanted to streamline payment modes for milk imports. Industry groups had been lobbying the government against the bank’s planned dollar curb, arguing that domestic milk production was not enough to meet local demand. In 2015, the CBN had restricted access to forex for 41 items which it said can be produced in Nigeria. The central bank has said the idea to add milk to the forex restriction list arose from the success of the currency restriction policy and the large amount spent on imports. Implementation of the ban is coming at a time Nigeria’s foreign exchange reserve pool has dropped by $1bn in one month, from $45.043bn on July 23, to $44.0bn in the corresponding period of this month. This is the first time in a long while that the nation’s reserve has suffered such a huge decline. According to data on the website of the CBN on August 27, 201, the Nigerian reserve is currently around its March 25 level of $44.04bn. https://investdata.com.ng/2019/08/cbn-rebuffs-protests-begins-implementation-of-ban-on-fx-sale-to-milk-importers/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 4:33pm On Aug 28, 2019 |
Aftermath Of Failed Rally: Mixed Performance Ahead, Amidst Profit-taking, Low Liquidity Market Update for August 27 Trading on the Nigerian Stock Exchange (NSE) remained bearish for the second consecutive day after a failed attempt at the rebound. Tuesday’s was yet another very volatile and mixed session that confirmed the failed bear rally as the key performance index, the NSE All-Share could not follow through on the fourth day, just as the intraday low has been undercut on an increased volume of trade. Given that effect of the seemingly positive news of a new cabinet has been halted at the beginning of the week, investors are looking to the release of Nigeria’s Q2 GDP, a major macroeconomic data, sometime next week. The GDP data will, nonetheless, confirm what the nation’s stock market has been signaling- that all may not be well with the economy after all. Also, the month of August is gradually drawing to a close, just as fixed-income yields are on the rise, due to foreign investors offloading their positions, leading to the ongoing price drops in the fixed income market. Many investors are treading cautiously at this time, given what they see in many developed economies, going by the slow growth seen in their recently released GDP data which is confirming the gloomy picture of the global economy. Recall that the Nigerian economy has been struggling long before now. It true that the current market situation has created huge opportunities for discerning investors and traders that are thinking medium and long term, ahead of the Q3 earnings session in October, which takes the market into its last quarter for the year, as they reposition their portfolios. Often times, what differentiates successful trader from others is remaining the ability to stay objective, while keeping to time-tested trading/investing rules instead of trading your profit and loss. Fortunately, you don’t have to invest or trade alone, get the tools, education, information and experts opinion. Meanwhile, the NSEASI opened for Tuesday’s trading on a gapped down which lasted till mid-afternoon on continued selloffs in high cap stocks, especially in the oil/gas sector that dragged the index to touch intraday lows of 27,475.64 basis points from a high of 27,691.83bps. It then retraced up to finish the day at 27,602.64bps, lower than its opening figure of 27,691.83bps. Tuesday’s market technicals were negative and mixed, recording a higher traded volume than the previous day’s, as market breadth favoured the bears. Market sentiment was mixed as revealed by Investdata’s Daily Sentiment Report, showing ‘buy’ volume at 59% and a ‘sell’ position of 41% on total daily transaction volume index of 0.85. The energy behind the day’s performance remained weak, despite inching up as Money Flow Index read 37.23 points, from the previous session’s 36.15bps, an indication that funds entered some stocks like MTNN and Zenith, reducing the day’s losing momentum. This was just as buying interest for dividend-paying stocks increased, even as stocks like Seplat Petroleum, Total Nigeria, International Brewery, Livestock Feeds, University Press and others hit a new 52-week low. It may be interesting to know why Seplat has suffered 10% fall each in two consecutive days. Index and Market Cap At the end of trading, the composite NSEASI lost 89.08bps, closing at 27,602.64bps, after opening at 27,691.85bps, representing a 0.32% drop, just as market capitalization closed N43.34bn lower at N13.43tr, from an opening value of N13.49tr, representing 0.32% depreciation. Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right ahead of Q3 earnings reports portfolio reshuffling and repositioning ahead of fiscal and monetary policy catalysts. The session’s downturn was due to selloffs and profit booking in stocks like Dangote Cement, Guaranty Trust Bank, Seplat, Total Nigeria, UACN, FBNH, UBA, Ecobank Transnational Incorporated and International Brewery, among others. These declines impacted negatively on the NSE’s Year-to-Date loss, increasing it to 12.18%, just as YTD market capitalization gain dropped to N1.71tr or 15.02% from the year’s opening level of N11.72tr. Bearish Sector Indices All sectoral performance indices closed in red on Tuesday, except for the NSE Insurance index that notched 0.08%. The NSE Oil/Gas index led the decliners, after losing 5.80%, followed by the Banking index’s 1.64% slide, while Industrial Goods followed, shedding 0.99%. The Consumer Goods index stayed flat. Market breadth remained negative as decliners outnumbered advancers in the ratio of 23:13; but market activities in volume and value traded were up by 15.31% and 94.11% respectively at 183.65m shares worth N4.50 billion, from the previous day’s 158.27m units valued at N2.32bn. The day’s volume was driven by trades in Transcorp Plc, Guaranty Trust Bank, Access Bank, MTNN and FBNH. The best-performing stocks for the session were PZ and Courtville Business Solution, which gained 5.93% and 5% respectively to close at N6.25 and N0.21 per share on the expectation of their Q4 numbers and market forces. On the flip side, Seplat and Neimeth lost 9.82% and 9.62% respectively to close at N397.70 and N0.47 on selloffs also on the back of market forces. Market Outlook This mixed performance will continue in the midst of profit-taking at a time of prevailing low liquidity, oscillating oil price, even as Investdata sees the likelihood of a slowdown in Nigeria’s expected Q2 GDP data. Also speculation ahead of month-end window dressing, taking advantage of the seeming improvement in some other economic indices released recently, as well as corporate earnings showing the true position of Nigeria’s listed companies. Meanwhile, long-term investors are reshuffling their portfolios in anticipation of interim earnings reports of dividend-paying companies. Discerning investors should target value stocks considering the current low valuation as they position for dividend income and capital gains, especially as the market’s Price to Earnings ratio remains attractive at 5.45x, which is well below the 8.24x average of its peers and its 9.56x five-year average. The current situation has revealed the existence of value and the high upside potentials for a rally. But then, wait to confirm reversal before jumping into a new position. Investors should also take into consideration the expected economic reforms as President Buhari has assigned portfolio to the ministers. Central Bank of Nigeria (CBN) had earlier rolled out plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth. There is also the likely impact of portfolio repositioning for the last quarter of the year ahead of Q3 financials in the midst of analyzing Q2 numbers and unfolding political events. https://investdata.com.ng/2019/08/aftermath-of-failed-rally-mixed-performance-ahead-amidst-profit-taking-low-liquidity/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:24pm On Aug 28, 2019 |
Investors Await Confirmation Of Failed Rebound On NGSE, Q2 GDP Data For Next Move Market Update for August 26 The last full trading week of the month of August on the Nigerian Stock Exchange (NSE) which started Monday was yet another mixed session on a negative note, signaling a failed bear rally. This was, however, earlier foreshadowed on Friday, when the market’s gaining momentum witnessed a slowdown, with a Monday’s volume traded declining sharply on mixed sentiments. A confirmation of this failed rebound will, however, depend on today’s market forces, because the intraday low is yet to be undercut. Rebound or recovery is said to sustain when the composite index follows through on four or more days after a rally attempt. The first two or three days of the rally are normally disregarded, given that its success has not yet been proven to follow through with power and conviction. A follow-through day occurs when at least one of the major indexes makes a large percentage gain on higher volume traded which should generally be in the region of 2% or more. All days of the rally do not need to be up, some may be down, however the low of the most current rally must not be under-cut, or the rally would be considered a failure. Of course, the stock market remains an important barometer of economic sentiment. In that regard, the week started on a cautious trading note with what seems to be a wait-and-see for what the economic policies and direction of the new Federal Executive Council (FEC) will be, just as reflected in the low traded volume. Meanwhile, the composite NSE All-Share index opened Monday’s trading on a slight upside in the morning, an extension of the bear rally but pulled back in the midmorning to early afternoon, touching the session’s low of 27,664.57 basis points from a high of 27,851.37bps. This was a key resistance before the index retraced up marginally to close negative at 27,691.85bps. Market technicals for the day were negative and mixed as volume traded was lower than the previous day’s, in the midst of negative breadth and selling pressure, as revealed by Investdata’s Daily Sentiment Report, showing ‘sell’ volume at 85% and a ‘buy’ position of 15% on total daily transaction volume index of 0.74. The momentum behind the day’s performance remained weak and flat as Money Flow Index read 36.15 points, up from the previous session’s 36.12bps, an indication that funds left some stocks without new positioning. This was just as buying interest slowed down ahead of data such as the Q2 GDP report from the National Bureau of Statistics (NBS) expected to confirm the state of the economy. Index and Market Cap At the end of Monday’s trading, the NSEASI shed 108.30bps, closing at 27,691.85 bps, after opening at 27,800.17bps, representing a 0.39% decline, just as market capitalization lost N52.41bn to close at N13.39tr, from an opening value of N13.52tr, representing 0.39% loss. Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this post Q2 earnings reports portfolio reshuffling and repositioning ahead of fiscal and monetary policy catalysts. The day’s downturn resulted from profit-taking and selloffs in stocks like Seplat, Forte Oil, Julius Berger, Oando, Ecobank Transnational Incorporated, International Brewery, CCNN, UACN, Access Bank, and NB, among others. These lose impacted negatively on the NSE’s Year-to-Date loss, raising it to 11.73%, just as YTD market capitalization gain dropped to N1.73tr or 15.43% from the year’s opening level of N11.72tr. Bearish Sector Indices All sectoral performance indexes closed lower, with NSE Oil/Gas index leading the decliners, after shedding 6.78%. It was followed by the Industrial Goods index with 0.99%, while Insurance, Consumer Goods and Banking indices lost 0.66%, 0.39% and 0.23% respectively. Market breadth turned negative as decliners outnumbered advancers in the ratio of 20:19; just as market traded volume and value fell by 53.40% and 42.11% respectively to 158.27m shares worth N2.32bn, from the previous day’s 335.61m units valued at N3.52bn. Volume for the day was driven by trades in financial services and conglomerate stocks like Transcorp Plc, Zenith Bank, UBA, FBNH and Guaranty Trust Bank. Sovereign Trust Insurance and ABC Transport were the best performing stocks, after gaining 10% each, to close at N0.22 and N0.33 per share on market forces. On the flip side, Forte Oil and Seplat lost 10% each to close at N14.40 and N441 on profit-taking and selloffs. Market Outlook We expect a mixed performance to continue in the midst of profit-taking at a time of prevailing low liquidity, oscillating oil price, even as Investdata sees the likelihood of a slowdown in the Nigeria’s expected Q2 GDP data. Speculators are nevertheless taking advantage of the seeming improvement in some other economic indices released recently, as well as corporate earnings showing the true position of Nigeria’s listed companies. Also, long-term investors are reshuffling their portfolios in anticipation of interim earnings reports of dividend-paying companies. The NSE’s rebound is yet to be confirmed, despite the positive outing last Wednesday which coincided with the swearing-in of the cabinet ministers as investors expect a more speculative move by market players taking a new position, especially the stocks that are selling at a huge discount to book value. Discerning investors should target value stocks considering the current low valuation as they position for dividend income and capital gains, especially as the market’s Price to Earnings ratio remains attractive at 5.45x, which is well below the 8.24x average of its peers and its 9.56x five-year average. The current situation has revealed the existence of value and the high upside potentials for a rally. But then, wait to confirm reversal before jumping into a new position. Investors should also take into consideration the expected economic reforms as President Buhari has assigned portfolio to the ministers. Central Bank of Nigeria (CBN) had earlier rolled out plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth. There is also the likely impact of portfolio repositioning for the last quarter of the year ahead of Q3 financials in the midst of analyzing Q2 numbers and unfolding political events. https://investdata.com.ng/2019/08/investors-await-confirmation-of-failed-rebound-on-ngse-q2-gdp-data-for-next-move/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:38am On Aug 27, 2019 |
IMPORTANT NOTICE
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:05am On Aug 27, 2019 |
Investdata Daily Sentiment Report as of August 27, 2019 NSEASI buy 15% sell 85% volume index 0.73 MFI 36.15 Access buy 67% sell 33% MFI 47.22 Chams buy � volume index 1.35 MFI 42.86 Continsure buy 0% volume index 1.81 MFI 40.10 Dangcem buy � volume index 1.00 MFI 33.06 Dangsugar buy 0% volume index 1.63 MFI 28.22 Eti buy � volume index 0.97 MFI 65.43 Fbnh buy 67% sell 33% MFI 41.53 Fcmb buy 0% MFI 64.27 Fidelity buy � volume index 0.92 MFI 34.62 Fo buy 0% volume index 5.48 MFI 35.57 GT buy 45% sell 55% MFI 45.25 Jaiz buy � volume index 2.29 MFI 26.19 Nestle buy � volume index 2.89 MFI 92.00 Oando buy 0% MFI 39.35 Sovereins buy � volume index 5.02 MFI 99.96 Transcorp buy 0% volume index 1.88 MFI 69.87 Uacn buy 75% sell 25% volume index 0.74 MFI 67.42 Uba buy 33% sell 67% volume index 1.10 MFI 70.34 Wema buy � volume index 0.71 MFI 48.24 Zenith buy � volume index 0.80 MFI 55.53 https://investdataltd..com/2019/08/investdata-daily-sentiment-report-as-of_27.html
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:59am On Aug 27, 2019 |
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 To Your Success Investdata Consulting. P.S. You need to act fast. http://investdataonline.com/buy-sell-signal/
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:56am On Aug 27, 2019 |
Investdata Price & Earnings Tracking For Week Ended August 23, 2019 https://investdataltd..com/2019/08/corporate-actions-as-at-friday-august_25.html
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:56am On Aug 27, 2019 |
Corporate Actions As At Friday, August 23, 2019 https://investdata.com.ng/2019/08/corporate-actions-as-at-friday-august-23-2019/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:54am On Aug 27, 2019 |
Market Update for the Week ended August 23 and Outlook For 26-30 Mixed and yet volatile trading is becoming the norm, rather than the exception on the Nigerian Stock Exchange (NSE) in recent times. This was, once again, the dominant theme on the bourse last week as the NSE’s composite index closed for the week higher as a result of the dominant low price attraction after recording a huge decline which now ranks it among the worst-performing markets across the world. The index, however, turned positive last week, on the back of last week’s inauguration of the new cabinet and assignment of portfolios to the ministers by President Muhammadu Buhari for his second four-year term. Buying interests among market players were triggered across all classes of stocks that suffered huge losses, reflecting on all market indexes as they closed positive, except for the NSE Insurance that was in red owing to profit-taking in major insurance companies. Added to this was the fact that investors were cashing out of low price stocks to accumulate those paying interim dividends, the rest of which are likely to announce their results any moment from now. Despite the mixed reactions to Nigeria’s new cabinet dominated by politicians, we still expect revitalization of the government’s Economic Recovery and Growth Plan (ERGP) agenda by infusing economic development stimulating policies. Investdata believes that the Nigerian capital market alone can serve as a catalyst to jump-start the entire economy with little efforts if only the fiscal and monetary authorities would harness its potentials to drive the expected the all-important economic development. We believe economic growth with fewer resources is achievable while attracting foreign exchange inflow in the process. The newly constituted Federal Executive Council is expected to start addressing issues around the economy: insecurity, power, education, healthcare, and infrastructure, among others, besides fast-tracking the disbursement and implementation of 2019 budget with a clear roadmap that comes with strategies on how to get things done. There is also need for a specific delivery time which must be constantly reviewed, to sustain effective implementation, thereby achieving predetermined goals and in the process boost investor confidence again. The bear market rally witnessed in the week under review, came with many factors for and against it, ranging from the mixed half-year corporate earnings, positive inflation and Purchasing Managers’ Index (PMI) for the previous month, a decline in currency-in-circulation. There is also the prevailing low equity market liquidity, oscillating oil price and the likelihood of a slowdown in Nigeria’s Q2 GDP, in the face of a looming recession in the global economy amidst the escalating trade dispute between the U.S and China that continues to threaten world economic peace, especially Africa. Movement Of NSEASI Meanwhile, it was a bear rally in a downtrend with the week starting on a positive note as the All-Share index gained 0.71% Monday, as investors took a position in high cap stocks, which was however short-lived on Tuesday as the composite NSE All-Share index lost 0.21% on profit-taking. The market experienced a rebound at midweek on the seemingly positive news of the cabinet inauguration, gaining 1.09%. The bullish momentum was sustained on Thursday and Friday, as the index climbed by 1.01% and 0.62% respectively on the back of positive sentiments for blue-chip stocks. This left the week with a total gain of 3.25%, as against previous week’s 1.40% loss. The seeming buying interests cutting across sectors and stocks during the week reflected on the market breadth which closed positive, with advancers outnumbering decliners in the ratio of 40:15. This was despite price adjustments in Custodian Investment, Ikeja Hotels and Lasaco Insurance for the 2018 full-year dividend declared. Notwithstanding the seeming recovery in the week under review, some stocks including Okomu Oil, UACN Property, MRS Oil and NCR Nigeria, still hit new 52-week lows. As usual, low and medium cap stocks dominated the gainers’ table, including the few interim dividend-paying companies; while the losers’ chart was a mix of low, medium and high cap stocks. The momentum behind the week’s performance, however, remained weak, despite moving up as shown by Money Flow Index at 20.42 basis points, compared to 14.10bps in the previous week, indicating that funds entered few stocks and the market in the midst of cautious trading. Sentiments turned positive with a ‘buy’ position at 95%, while ‘sell’ volume was 5% on a transaction volume index of 0.90. NSEASI Daily Time Frame As research has shown, the general market direction makes up 50% of equity price movement, which means investors want to be in stocks during a bull or recovery market, when it is in a confirmed uptrend. This confirmation usually occurs when the composite index follows through on four or more days after a rally attempt. The first two or three days of the rally are normally disregarded, given that its success has not yet been proven to follow through with power and conviction. A follow-through day occurs when at least one of the major indexes makes a large percentage gain on higher volume traded which should generally be in the region of 2% or more. All days of the rally do not need to be up, some may be down, however the low of the most current rally must not be undercut, or the rally would be considered a failure. The current chart pattern and NSEASI action reveals an uptrend, as the index continues to trade below the upper band of the Bollinger and above its 20-Day Moving Average, just as the Relative Strength Index reads 49.76. But then, Money flow at 36.12 points on the daily chart. Bullish Sectoral Indices All sectoral and other indices closed higher for the week, except for the NSE Insurance index that ended the week 1.38% lower, while the NSE Banking index led the advancers, after gaining 9.19%. It was followed by the NSE Consumer Goods with 3.97%; while the NSE Oil/Gas and Industrial Goods indices lost 1.64% and 1.21% respectively. Trading volume for the period rose by 220.50%, while value dropped by 88.43%, after 2.34bn shares changed hands for N19.71bn, compared to the previous week’s 725.61m units worth N10.46bn. During the week, Zenith Bank released its audited half-year result showing flat gross earnings and bottom-line, despite which the directors declared a 30 kobo interim dividend per share (READ MORE). Ecobank Transnational Incorporated and Oando Plc were the best-performing stocks for the period under review, after topping the advancers’ chart with 33.33% and 20.90% gains respectively, closing at N8.00 and N4.05 per share on low price attraction and market forces. On the flip side, Okomu Oil and NCR Nigeria shed 18.06% and 14.66% respectively, closing at N40.15 and N4.95, on selloffs. Market Outlook We expect a mixed performance due to profit-taking and expectation of the global economy and inflows arising from the 2019 budget implementation. However, discerning investors should take advantage of low valuation to buy into interim dividend stocks and other undervalued equities that have strong potentials to rebound with the general market. Also, take into consideration the expected economic reforms as the government’s new cabinet swings into action, just as plans by the Central Bank of Nigeria (CBN) to reduce banks’ participation in government securities will expectedly boost private-sector lending, drive economic activities and investments. Selloffs may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance may remain mixed, amidst the prevailing positive sentiments and negative breadth. Market players should maintain a cautious outlook due to the low investor confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high, as we await positive catalysts to drive market recovery. That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction this week, despite the seeming negative outlook. https://investdata.com.ng/2019/08/okomu-oil-mrs-oil-updc-ncr-hit-new-52-week-low-despite-bear-rally/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:50am On Aug 23, 2019 |
NGSE Fails To Confirm Rebound On Tuesday, Despite Speculative Moves By Investor Market Update for August 20 The Nigerian Stock Exchange (NSE) All-Share index failed to confirm previous day’s rebound, amidst volatility and mixed trading that dominated Tuesday’s session with the composite All-Share index closing lower on a low traded volume. This followed price depreciation by telecommunications giant MTN Nigeria, which has become the most capitalized equity on the bourse. Despite the day’s mixed performance, there was increased buying interest in some stocks that had suffered huge losses in recent times as bargain hunters cashed in on the low prices to accumulate ahead of the inauguration of the new federal cabinet and the expected policies from fiscal and monetary authorities that could stimulate the much needed economic growth and development. With real governance about to kickoff with the ministers being assigned portfolios, it expected that the management of economic information and pronouncements thereby addressing investors concerns about the safety of their capital and returns on investment. As we earlier stated, is very important that there is effective coordination between the fiscal and monetary authorities, if the economy will make any headway going forward. This should come in the form of constant synergy among policymakers to boost confidence in the system again. Meanwhile, the All-Share index opened Tuesday on a slight downside, a situation that lingered till mid-morning and oscillated between midday and early afternoon as speculations continued on the big banking stocks ahead of their interim dividend. This lifted the index to its intraday high of 27,217.88 basis points from its low of 26,938.15bps, before finally sliding down to close the session at 27,059.62bps on mixed sentiments. Market technicals for the session were positive but weak, with traded volume and deals dropping lower than that of Monday, just as breadth favoured the bulls on a mixed sentiment, as revealed by Investdata’s Daily Sentiment Report, showing ‘buy’ volume at 43% and sell position of 57% on total daily transaction volume index of 1.02. The impetus behind the day’s performance remained seriously weak and flat as Money Flow Index read 8.45 points, down from the previous session’s 8.79bps, an indication that new funds did not enter the market, but the movement of buyers and sellers in some stocks amidst the persistent low liquidity and profit-taking in MTNN. Index and Market Cap The benchmark index at the end of trading, shed 57.27bps to close at 27,058bps, after opening at 27,115.89bps, representing a 0.21% drop, just as market capitalization lost N27.91bn to close at N13.19tr, from an opening value of N13.21tr which also represented 0.21% decline in value. Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this post Q2 earnings reports portfolio reshuffling and repositioning ahead of fiscal and monetary policy catalysts. Tuesday’s downturn resulted from the profit-taking in stocks like MTN Nigeria, UBN, Conoil, Cutix, and PZ Cussons, among others. This impacted slightly on the NSE’s Year-to-Date loss, raising it 13.91%, just as YTD market capitalization gain fell to N1.4tr or 12.39% from the year’s opening level of N11.72tr. Bullish Sector Indices All the sectoral performance indexes closed green, led by Banking, after gaining 1.88%, followed by the Oil/Gas index with 0.99%, while Insurance, Industrial and consumer goods notched 0.59%, 0.56%, and 0.22% respectively. Market breadth remained positive as advancers outnumbered decliners in the ratio of 27:10; despite the down market as traded volume and value dropped by 16.40% and 20.38% respectively to 209.62m shares worth N3.24bn, from the previous day’s 250.74m units valued at N4.17bn. Volume was driven by trades in financial services and conglomerates stocks such as Transcorp Plc, Guaranty Trust Bank, Zenith Bank, Ecobank Transnational Incorporated and FBN Holdings. The best-performing stocks for the session were Transcorp and Oando that topped the advancers’ chart, after gaining 10% each, closing at N0.99 and N3.85 per share, on low price attractions and market forces. On the flip side, Cutix and Union Diagnostic which lost 9.62% and 8.33% respectively to close at N1.41 and N0.22 on profit-taking. Market Outlook This mixed performance will continue as bargain hunters reposition, taking advantage of the seeming improvement in economic indices released recently, as well as the corporate earnings that revealed the true position of listed companies. Also, long-term investors are reshuffling their portfolios in expectation of interim earnings reports of dividend-paying companies. The rebound of the NSE is yet to be confirmed, as Tuesday’s outing was negative, despite the speculative move by market players that jump into any new position, especially the stocks that are selling at a discount. Discerning investors should target value stocks considering the current low valuation as they position for dividend income and capital gains, especially as the market’s Price to Earnings ratio remains attractive at 5.45x, which is well below the 8.24x average of its peers and its 9.56x five-year average. The current situation has revealed the existence of value and the high upside potentials for a rally. But then, wait to confirm reversal before jumping into a new position. Investors should also take into consideration the expected economic reforms as the government is set to assign portfolio to the minister-designates, given that the Central Bank of Nigeria (CBN) had earlier rolled out plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth. There is also the likely impact of portfolio repositioning for the last quarter of the year ahead of Q3 financials in the midst of analyzing Q2 numbers and unfolding political events. 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/2019/08/ngse-fails-to-confirm-rebound-on-tuesday-despite-speculative-moves-by-investors/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:41am On Aug 23, 2019 |
More NGSE Stocks Slip To New Lows On Zero Fiscal Stimulus, Global Worries Market Update for the week ended August 16 and Outlook for 19-23 It was a disappointing and short trading week, with stocks traded on the Nigerian Stock Exchange (NSE) seemingly attempting to make all of the losses they would have on Monday and Tuesday, which the Federal Government declared as public holidays to mark the Muslim festival. The first trading session of the week (Wednesday), saw more medium and high cap stocks trading at their new 52-week, five and 10-year lows, as a result of which the benchmark NSE All-Share index traded below the 27,000 psychological line. Last week also was three straight trading sessions of bear-run which extended the seventh consecutive week of decline by the benchmark index as it heads for its two-year lowest, after breaking down another strong support level to test a new low of 26,789.38 basis points. During the week also, the NSEASI touched an intra-week high of 27,307.60bps on a low traded volume. This left the market’s year-to-date loss at 14.33%, due to the persistent selloffs by investors and traders, propelled by reasons ranging from the weakening domestic economy and political uncertainties. Add this to external influences like the low bond yields in the international markets, which signal a looming recession after about four developed economies have recorded slow growth in their Gross Domestic Products (GDP) that also means any further slide in their economies will confirm their entry into a full-blown recession. Meanwhile, the trade dispute between U.S and China, two of the world’s largest economies continues to linger as they test their strength at the detriment of the rest of the global space. Back home, despite the recent seeming positive economic data such as the July Purchasing Managers Index (PMI) at 57. 6 points and 11.08% July inflation rate which came as expected, due to the sustained intervention in the foreign exchange market by the Central Bank of Nigeria (CBN), just as the harvest season strengthened supply, pushing prices down. Note that Nigeria’s Q1 GDP, at 2.01%, represented a decline from 2.38% in the Q4 2018 level, even as corporate earnings for half-year on the NSE have already given an insight into how the economy performed and what, therefore, the nation’s Q2 GDP data would look like. Another concern among analysts is the country’s external reserves that hit a two-month low at $44.28bn as a result of the oscillating oil price, as it swings below the 2019 budget benchmark, putting the entire economy at risk of further underperforming. However, there is nothing yet to suggest that the fiscal authorities have come to a full grasp of the troubled times ahead, given the absence of any significant sign that the issue is being addressed. Movement Of NSEASI It was a short trading week that opened on a negative note as the benchmark index lost 0.84% Wednesday, on resumed panic selloffs across all classes of stocks, due to the looming global recession and at a day after President Muhammadu Buhari’s statement directing the CBN not to sell forex to food importers, which attract wide criticisms. This trend was sustained on Thursday and Friday when NSE index shed 0.13% and 0.43% respectively, on the continued selling pressure, bringing the week’s total loss to 1.40%, compared to the previous full week’s 1.17% drop. The aggressive selloffs among the medium and highly capitalized stocks during the period reflected on the market breadth which stayed negative, with decliners outnumbering advancers in the ratio of 34:15. This was despite the seeming rebound in all interim dividend-paying stocks, except Stanbic IBTC, which therefore joined others like Okomu Oil, UACN, Oando, and Unilever. Others include Flour Mills, Nestle, Lasaco, Fidelity Bank, Law Union Insurance, Ecobank Transnational Incorporated, FBN Holdings and Total Nigeria, that hit their new 52 weeks low in the week under review, just as Dangote Flour and BOC Gas were the only two companies that made new 52-week high in the entire market. The advancers table for the period, as usual, was dominated by low cap stocks and few of interim dividend-paying companies, while high cap stocks topped the losers’ chart on negative sentiment and prevailing low liquidity. The energy behind the week’s performance was weak, despite inching up as shown by Money Flow Index at 14.10 basis points, compared to 13.57bps in the previous week, indicating that funds entered few stocks in the midst of indecision among many traders and investors. Also, sentiments remained negative with a sell position at 74%, while ‘buy’ volume was 26% on a transaction volume index of 0.45. NSEASI Weekly Time Frame The index action continued to pull back on a bearish trend and negative outlook, as volume traded remained low due to the dicey investment climate. Recall that the Nigerian stock market was in the years 2014, 2015 and 2016 unpredictable as economic and political uncertainties kept it in red for all three years, even as many investors and traders in the right stocks recovered earlier as the market rebounded in 2017 on a massive rally, while others missed out. So let us keep our gaze on the global and domestic happenings by engaging in stage-by-stage position taking in fundamentally sound stocks. The current chart pattern of the NSEASI remains mixed, as the NSEASI continues to trade on the lower band of the Bollinger and below its 20-Day Moving Average, just as Relative Strength Index reads ‘oversold’ at 28.26. But then, Money flow at 14.10 points remains weak. Bearish Sectoral Indices All the sectoral and other indices closed lower at the end of last week, except for the NSE premium index that ended the week 0.64% higher, while the NSE Consumer Goods index led the decliners, after shedding 6.6%, followed by the NSE Oil/Gas with 1.9%; while the NSE Industrial, Banking and Insurance indices lost 1.18%, 1.15%, and 0.69% respectively. Transaction activities for the period were down, as volume and value traded suffered 32.49% and 12.09% decline respectively as 726.61m shares worth changed hands for N10.46bn from the previous week 1.08bn units valued at N12.01bn. During the week, the share price of Rak Unity Petroleum Plc and Flour Mills Nigeria were adjusted for a dividend of 10 kobo and N1.20 respectively, just as Guaranty Trust Bank released its audited half-year result, showing that gross earnings and bottom line were flat. The directors however declared 30 kobo interim dividend per share for shareholders (READ MORE). BOC Gas and Union Diagnostic were the best-performing stocks for the week, after topping the advancers’ chart with 9.87% and 9.09% gains respectively to close at N6.12 and N0.24 per share on market forces and sentiment. On the flip side, Rak Unity Petroleum and UACN shed 25% and 18.18% respectively, closing at N1.39 and N0.39, on selloffs and profit-taking. Market Outlook We expect a mixed performance to continue as many unknowns that have the potential of fueling the ongoing volatility ahead of Q2 GDP data, developments in the fixed income market, the new cabinet, global economic indices and inflows when the 2019 budget is implemented. However, discerning investors should take advantage of low valuation to buy into interim dividend stocks and other undervalued equities that have strong potential to rebound with the general market. Also, take into consideration the expected economic reforms as the government announces its much-awaited new cabinet, just as plans by the CBN to reduce banks’ participation in government securities is expected to boost private-sector lending to drive economic activities and investment. Selloffs may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance to remain mixed amidst positive sentiments and negative breadth. Market players should maintain a cautious outlook due to low confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high. As we look out for a positive catalyst to drive market recovery. That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction this week, despite the seeming negative outlook. 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, CHART SUMMIT, and POST ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set. The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment. 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/2019/08/more-ngse-stocks-slip-to-new-lows-on-zero-fiscal-stimulus-global-worries/#more
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:02am On Aug 22, 2019 |
Investdata Daily Sentiment Report as of August 21, 2019 NSEASI buy 43% sell 57% volume index 1.00 MFI 8.45 Access buy � MFI 46.69 Afrprud buy � MFI 33.47 Aiico buy � volume index 1.93 MFI 49.97 Chams buy � volume index 2.45 MFI 53.00 Dangcem buy 0% MFI 38.47 Dangflour buy � volume index 1.27 MFI 47.53 Eti buy � volume index 8.13 MFI 50.71 Fbnh buy � MFI 26.25 Fcmb buy � volume index 0.76 MFI 62.56 Fidelity buy � volume index 1.01 MFI 18.08 GT buy 0% volume index 1.76 MFI 26.07 Honyflour buy 0% volume index 1.07 MFI 28.37 Nestle buy � volume index 4.35 MFI 43.62 Stanbic buy 0% MFI 54.28 Transcorp buy � volume index 3.05 MFI 63.18 Uacn buy � volume index 1.38 MFI 34.54 Uba buy � MFI 53.26 Ucap buy � volume index 0.87 MFI 25.54 Uniondac buy 0% volume index 0.97 MFI 27.77 Wapco buy 0% MFI 28.89 Zenith buy 63% sell 37% volume index 1.56 MFI 30.38 https://investdataltd..com/2019/08/investdata-daily-sentiment-report-as-of_33.html
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 8:55am On Aug 22, 2019 |
Investdata Daily Sentiment Report as of August 20, 2019 NSEASI buy 77% sell 23% volume index 1.21 MFI 12.15 Access buy � MFI 44.44 Cap buy � volume index 4.79 MFI 0.00 Chams buy 0% volume index 1.77 MFI 45.21 Continsure buy � volume index 3.02 MFI 35.56 Dangcem buy 0% volume index 2.08 MFI 36.50 Dangflour buy � volume index 1.10 MFI 46.47 Dangsugar buy 0% volume index 1.91 MFI 43.45 Eti buy � volume index 5.13 MFI 25.60 Fbnh buy 0% volume index 0.83 MFI 23.84 Fcmb buy � volume index 1.51 MFI 65.55 Fidelity buy 0% volume index 1.43 MFI 17.37 GT buy � MFI 18.14 Jaiz buy 0% volume index 1.07 MFI 19.92 Lasaco buy 0% MFI 53.73 Mansard buy 0% volume index 1.44 MFI 67.47 Nestle buy � volume index 1.57 MFI 25.30 Stanbic buy 0% MFI 56.23 Sterling buy � MFI 83.91 Transcorp buy 50% sell 50% volume index 3.03 MFI 57.01 Uacn buy � volume index 1.62 MFI 28.37 Uba buy 50% sell 50% volume index 1.09 MFI 52.47 Ucap buy � volume index 0.87 MFI 23.78 Wapco buy 0% volume index 6.99 MFI 27.81 Zenith buy � volume index 1.27 MFI 25.13 https://investdataltd..com/2019/08/investdata-daily-sentiment-report-as-of_22.html
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| Business To Business › Re: Introduce Your Business to all over world free of cost by ACAN(m): 11:57pm On Aug 19, 2019 |
Ose Global Bizness Links Nig. Ltd About us: Our Global Bizness Links Nig. Ltd. Was Incorporated as a Limited Liability Company with R.C. No. 804065, to operate in Oil & Gas Sector. Our operation involves the downstream sector and we have the necessary pieces of machinery to achieve the vision and mission of our company. We are highly driven with the right leadership excellent workforce, good business relation, effective delivery channels, consistency, promptness reliability are our watchwords our names are our greatest assets. Products: PMS - Premium Motor Spirit (Fuel) AGO - Automotive Gas Oil (Diesel) DPK - Dual Purpose Kerosene LPGO - Low Pour Fuel Oil (Black Oil) Bitumen Name: Emiowele Sylvester Ose Phone: 08086929428, 09053418791, 08186973100, Position: MD/CEO Web site: https://oseglobalbiz.com/ https://oseglobalbiznigeria.business.site/ Email: oseglobalnigerialtd@gmail.com Addresses: Head Office: No 4, Guestimate Avenue Oregun, Ikeja, Lagos, Nigeria. Branch: 13 Commercial Road Apapa, Lagos, Nigeria. Our Vision To be the most preferred energy supplier in Nigeria. Our Mission To satisfy our customers with high-quality products, delivered by highly trained and motivated staff back by appropriate technology. Dedicated Teams Committed to helping its clients reach their goals, to personalize their experiences. True Partners Our strong sense of identification with client projects means that we are constantly striving. Competitive Pricing They aren’t yet aware. We adopt progressive approach marketing techniques to determine the pricing of our product. Prompt Delivery & Promise Kept This sense of identification also means we value and promote seamless delivery of products timely. Our Clients: Skye Bank, Eco Bank, First Foundation Bank, Afrinvest Securities, General Hospital Lagos, CWay, VFS Global, Sheraton Hotels & Resorts
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| Adverts › Re: Lekkidirectory.com - Lekki, VI And Ikoyi Businesses Can List For Free by ACAN(m): 11:56pm On Aug 19, 2019 |
Ose Global Bizness Links Nig. Ltd About us: Our Global Bizness Links Nig. Ltd. Was Incorporated as a Limited Liability Company with R.C. No. 804065, to operate in Oil & Gas Sector. Our operation involves the downstream sector and we have the necessary pieces of machinery to achieve the vision and mission of our company. We are highly driven with the right leadership excellent workforce, good business relation, effective delivery channels, consistency, promptness reliability are our watchwords our names are our greatest assets. Products: PMS - Premium Motor Spirit (Fuel) AGO - Automotive Gas Oil (Diesel) DPK - Dual Purpose Kerosene LPGO - Low Pour Fuel Oil (Black Oil) Bitumen Name: Emiowele Sylvester Ose Phone: 08086929428, 09053418791, 08186973100, Position: MD/CEO Web site: https://oseglobalbiz.com/ https://oseglobalbiznigeria.business.site/ Email: oseglobalnigerialtd@gmail.com Addresses: Head Office: No 4, Guestimate Avenue Oregun, Ikeja, Lagos, Nigeria. Branch: 13 Commercial Road Apapa, Lagos, Nigeria. Our Vision To be the most preferred energy supplier in Nigeria. Our Mission To satisfy our customers with high-quality products, delivered by highly trained and motivated staff back by appropriate technology. Dedicated Teams Committed to helping its clients reach their goals, to personalize their experiences. True Partners Our strong sense of identification with client projects means that we are constantly striving. Competitive Pricing They aren’t yet aware. We adopt progressive approach marketing techniques to determine the pricing of our product. Prompt Delivery & Promise Kept This sense of identification also means we value and promote seamless delivery of products timely. Our Clients: Skye Bank, Eco Bank, First Foundation Bank, Afrinvest Securities, General Hospital Lagos, CWay, VFS Global, Sheraton Hotels & Resorts
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:07am On Aug 19, 2019 |
NNPC Names BP, Trafigura, Total, Oando, MRS, Eterna, 11 Other Winners Of Oil Lifting Deals The Nigerian National Petroleum Corporation (NNPC), on Sunday morning named BP Oil International/AYM Shafa Ltd; Vitol SA/Calson-Hyson, Trafigura PTE/A.A. Rano Nigeria Ltd., among 15 successful consortiums in its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. Other winners who completed the 2019/2020 DSDP tender exercise, according to a statement by Ndu Ughamadu, the Corporation’s Group General Manager, Group Public Affairs Division, are: Totsa Total Oil Trading SA/Total Nigeria Plc; Gunvor International BV/AY Maikifi Oil & Gas Co; Cepsa S.A.U/Oando Plc, Mocoh SA/Mocoh Nigeria; Litasco SA/Brittania-U Nigeria/Freepoint Commodities; and MRS Oil & Gas Company. Also on the list are: Sahara Energy Resources; Borno Energy/Eterna Plc/Arkleen Oil & Gas/Amazon Energy; Matrix Energy/Petratlantic Energy/UTM Offshore/Levene Energy Development; Mercuria Energy Trading SA/Barbedos Oil & Gas Services/Rainoil/Petrogas Energy; Asian Oil & Gas PTE/Eyrie Energy/Masters Energy Oil & Gas/Casiva; and Duke Oil Company Incorporated. The corporation said the winners emerged through a transparent and accountable process, which is in line with its avowed commitment in all its activities as committed by the new GMD, Mallam Mele Kyari The tender process, the statement continued, comprised technical and commercial bid submission respectively, evaluation and shortlisting, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies by the NNPC Group. The contract, Ughammadu noted, “is for one year effective 1st October 2019 to 30th September 2020. “Under the #DSDP arrangement, the above listed 15 consortia/companies shall over the contract period, off-take crude oil & in return, deliver corresponding petroleum products of equivalent value to NNPC Group, subject to the terms of the agreement”, the statement added. Ughamadu recalled that in his takeover note on July 8, 2019, the newly appointed, promised to open books of the NNPC Group to public scrutiny, assuring that as a publicly owned company, Nigerians deserve to know about the operations of the corporation. Also, Kyari had during a town hall meeting with the staff of the corporation launched the management’s policy direction tagged: Transparency, Accountability, Performance & Performance Excellence (TAPE), as part of a commitment to transparency & accountability. Premium Times had a few months ago reported that 132 companies, including local, regional and international oil companies showed interest in the scheme, whose bid was opened by Dr. Maikanti Baru, Kyari’s predecessor in June. Each of the 15 winners were expected to demonstrate enough capacity to utilise the 445,000 barrels per day of Nigeria’s crude oil originally meant for domestic refining for the supply of petroleum products. Baru had explained that the DSDP, the third since 2016, replacing the corruption-prone Offshore Processing Arrangement (OPA) was aimed at maximising the value of Nigeria’s crude oil for the benefit of Nigerians aligns with Muhammadu Buhari administration’s quest for transparency in the oil and gas industry. The former GMD had explained that between 2016 and March 2019, about 29.5m metric tons (or 39bn litres) of petroleum products have been supplied under the DSDP scheme, representing over 90% of the national requirement of about 55 million litres daily, while reducing demurrage cost by about 84% and savings the nation about $2.2bn within the period. https://investdata.com.ng/2019/08/nnpc-names-bp-trafigura-total-oando-mrs-eterna-11-others-winners-of-oil-lifting-deals/ 1 Like
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:56am On Aug 19, 2019*. Modified: 8:21am On Aug 22, 2019 |
Corporate Actions As At Friday, August 16, 2019 https://investdata.com.ng/2019/08/corporate-actions-as-at-friday-august-16-2019/
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| Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 9:50am On Aug 19, 2019 |
GTBank Keeps Expenses Lean At Half-year, Nets N99.133bn Profit, Offers N0.30 Dividend Guaranty Trust Bank Plc, on Friday became the first of the dividend-paying stock to present its audited score-card for the half-year ended June 30, 2019, highlights of which included a marginal drop in interest, rise in fee, commission and other incomes, just as the management successfully kept expenses in check, while growth in loan impairment was constrained. Profit after tax for the period stood at N99.133bn, up from N95.581bn in the corresponding period of 2018, despite the N2.5bn rise in income tax expense, which left Earnings Per Share at N3.50, as against the previous N3.38 each. Of this amount, the board has recommended a dividend per share of 30 kobo, just like prior year payable to holders of the bank’s ordinary shares whose names appear in the register as at close of business on Monday, September 2, 2019. The dividend will, however, be payable to holders of the bank’s Global Depository Receipts (GDR) listed on the London Stock Exchange as of August 26, 2019. This means that qualification date for the dividend payout is September 2, 2019, while the closure of register will happen on Tuesday, September 3, 2019, while that of GDR holders is August 27, 2019. The payment date for the dividend is set for September 11, 2019. Meanwhile, gross earnings for the period stood at N220.675bn, of which N144.751bn or 65.59% was derived from the corporate banking segment, followed by N40.874bn from retail banking, N20.827bn, commercial banking, while N9.747bn and N4.473bn came from SME and public sector banking respectively. A further breakdown of the revenue by geography showed that N177.714bn was derived from within Nigeria, down from N190.279bn in the corresponding period of 2018; followed by N31.786bn from the rest of West Africa, an increase from N24.994bn; N8.095bn came from the East Africa region, up from N7.67bn; and N4.273bn from Europe, compared to N3.687bn in the prior half-year. Interest income for the period dropped from N159.871bn in 2018 to N146.448bn; interest income on financial assets at fair value through profit and loss inched from N2.009bn to N2.543bn; while interest expense dropped by about N11bn to N32.627bn, as against the previous N43.951bn. This left net interest income at N116.364bn, up from N117.929bn in the prior half-year; just as loans impairment charge of N2.186bn, compared to N2.031bn previously, resulted in net interest income after loan impairment charges of N114.178bn, a drop from N115.897bn. Fee and commission income notched N7.992bn or 29.22% from N27.356bn to N35.348bn; expense crawled to N1.505bn from N1.446bn; bringing net fee and commission income for the period to N33.843bn, up from N25.909bn. Net gains on financial instruments held at fair value during the review period fell to N9.488bn from N12.649bn, representing a drop of N3.161bn or 25%. Other income rose from N24.745bn to N28.039bn; even as net impairment on other financial assets stood at N108.445m from nil in the previous half-year. Personnel expenses stayed flat at N18.578bn, compared to N18.576bn in 2018; depreciation and amortization inched to N10.622bn from N8.23bn. Other operating expenses dropped slightly from N41.961bn to N39.439bn, resulting in profit before tax of N115.787bn, compared to the N109.632bn reported in the corresponding period of 2018; while income tax expense stood at N16.654bn from N14.051bn. A breakdown of the PBT showed that corporate bank took the lead, contributing N80.448bn, ahead of the N22.684bn from retail banking, while commercial banking pooled N8.009bn; SME banking, N1.974bn and public sector, N1.477bn. Corporate banking also boosted the group’s after-tax profit, contributing N68.756bn, after accounting for N11.691bn in tax expense; ahead of N19.387bn and N3.296bn tax expense by the retail banking group; commercial banking, recorded N6.845bn net profit; SME banking, N1.687bn and retail banking, N1.262bn. By region, Nigeria remained most profitable, accounting for N96.96bn or PAT, as against N96.385bn; followed by the N16.92bn from the rest of West Africa, up from N11.834bn; N1.243bn from East Africa, a significant improvement from just N553.53m in 2018; and just N661.97m from Europe, a drop from the preceding half-year’s N858.618m. Growth on the balance sheet was also marginal, with total assets at N3.598tr, up from N3.287tr at the end of December 2018. The bulk of this was the customer loans and advances at N1.272tr from N1.259tr; while total liabilities improved from N2.711tr to N2.995tr; boosted by the N2.417tr customer deposits; while shareholders’ funds climbed to N603.01bn from N575.567bn. Meanwhile, the external auditors called attention to impairment of the group’s loans and advances to the tune of N9.09bn for individual and N63.82bn to corporate customers, which they consider significant in size compared to N1.27tr portion of the balance sheet that is unimpaired. https://investdata.com.ng/2019/08/gtbank-keeps-expenses-lean-at-half-year-nets-n99-133bn-profit-offers-n0-30-dividend/#more
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