₦airaland Forum

CCNN Reports 235.64% Net Profit Growth, EPS Down 67.8%

The board of Cement Company of Northern Nigeria Plc, on Thursday presented its first post-merger financials (first quarter ended March 31, 2019), showing triple-digit growth across the major line items, faster than the operating cost sub-heads, even as Earnings Per Share fell 67.82%, arising from the additional shares in issue owing to its business combination with Kalambaina Cement Company last year.

Sales revenue for the period rose by 213.07% from just N5.394bn in the first quarter of 2018 to N16.886bn; out of which cost of sales stood at N9.198bn, up by 193.8% from the N3.13bn reported in 2018. The bulk of this was the N5.005bn energy cost, which climbed from N2.269bn; which was followed by the N1.43bn depreciation (factory), up from N157.368m. Gross profit, therefore, jumped by 239.72% to N7.688bn from N2.263bn.

Other income dropped by 98.16% from N116.845m to N2.153m; selling and distribution costs fell to N1.008bn,
ompared with N245.867m; net finance cost, therefore, came to N43.716m from N31.899m, representing 37.04% growth.

Profit before tax stood at N5.348bn, compared to N1.504bn, representing 255.46% growth within the period; following which net profit notched 235.64% from N1.083bn to N3.636bn, translating to Earnings Per Share of 28 kobo, up from 86 kobo, still in the aftermath of the additional shares from Kalambaina.

https://investdata.com.ng/2019/04/ccnn-reports-235-64-net-profit-growth-eps-down-67-8/

Investdata Daily Sentiment Report as at April 25, 2019

NSEASI buy 18% sell 82% volume index 0.78 MFI 54.29
Access buy � volume index 0.91 MFI 76.90
Afrprud buy 0% volume index 0.79 MFI 36.83
Aglev buy 0% volume index 3.60 MFI 34.90
Caverton buy � volume index 2.80 MFI 55.44
Chams buy 0% MFI 97.97
Cutix buy � volume index 1.02 MFI 29.32
Dangcem buy 0% MFI 46.25
Dangsugar buy 33% sell 67% volume index 1.71 MFI 50.30
Eti buy � MFI 26.75
Fbnh buy 67% sell 33% MFI 21.41
Fcmb buy 22% sell 78% MFI 40.88
Fidelity buy 60% sell 40% MFI 58.17
Falum buy 0% volume index 7.18 MFI 97.85
Fmn buy � volume index 1.73 MFI 21.62
GT buy 57% sell 43% volume index 0.81 MFI 45.65
Honyflour buy � volume index 1.21 MFI 43.83
Japaul buy � volume index 13.47 MFI 100.00
Lasaco buy 0% volume index 1.88 MFI 35.53
Neimeth buy � volume index 6.23 MFI 73.77
Oando buy 0% volume index 1.22 MFI 49.29
Regalin buy � volume index 1.22 MFI 65.25
Seplat buy 0% MFI 0.00
Transcorp buy 0% MFI 74.41
Uacn buy 50% sell 50% volume index 11.37 MFI 5.79
Uba buy 50% sell 50% volume index 1.20 MFI 57.60
Ucap buy � MFI 20.91
Wema buy 0% MFI 32.63
Zenith buy 90% sell 10% volume index 0.98 MFI 14.23

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Currency-In-Circulation Drops By N176.5bn YTD In March- CBN


Currency-in-Circulation across the nation continued its rise and fall, dropping N88.093bn or 3.93% month-on-month in March 2019, according to data available on the website of the Central Bank of Nigeria (CBN) on Tuesday evening.
According to the CBN, currency outside of bank vaults across the country stood at N2.153tr at the end of March, declining from the N2.241tr recorded at the end of February.

On a Year-to-Date basis, currency in circulation dropped by N176.486bn or 7.58% from N2.329tr reported at the end of December 2018.
The high volume of cash within the system has been blamed on election spending within the period, given that the nation’s general election finally began on February 23, after a week’s delay with the Presidential and National Assembly polls. This was followed on March 6, 2019, by the Governorship and House of Assembly elections. Recall that there were several rerun elections at weekends and even some weekdays during the month under review in the cases of inconclusive elections in some states and National Assembly seats.

Year-on-Year, the value of cash outside of Nigeria’s banking system rose by N113.896bn or 5.58% from N2.039tr recorded in March 2018.
In February, Nigeria’s currency-in-circulation increased year-on-year by a whopping N303.976bn or 15.69% at N2.241tr in February 2019, from N1.937tr in February 2018.
Besides the political undertone to the rise in cash outside the banks, the CBN has seemingly de-emphasized and/or lost the political will to pursue its cashless policy initiative which initially resulted in noticeable drops in heavy cash transactions.

Economy 1098
https://investdata.com.ng/2019/04/currency-in-circulation-drops-by-n176-5bn-ytd-in-march-cbn/#more

CBN Pumps Another $210m Into Inter-Bank Forex Market


In continuation of its mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210m to sustain liquidity in that segment of the market.
According to the figures released by the apex bank, authorized dealers in the wholesale segment of the market were offered $100m, while those in the Small and Medium Enterprises (SMEs) segment got $55m.
Customers purchasing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allotted a total of $55m.

Confirming the transactions, CBN’s Head of Corporate Communications, Isaac Okorafor reiterated its readiness to ensure the availability of foreign exchange in order to ensure continued stability in the markets.
In its last intervention on Thursday, April 18, 2019, the CBN injected the sum of $254.8m and CNY34.8m into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira on Wednesday, April 24, 2019, exchanged at an average of N360/$1 in the BDC segment of the market.

https://investdata.com.ng/2019/04/cbn-pumps-another-210m-into-inter-bank-forex-market/#more

Analysis: Historical Price Movement Of Dangote Flour Mills (October 2012-April 23, 2019)

The share price of Dangote Flour Mills soared by almost maximum 10% on Tuesday, April 23, 2019, following an announcement that its owners had reached a binding agreement to transfer it whole and entire (but without encumbrances) to Olam International, a commodity trading company of Singaporean origin (READ MORE).
Investdata Consulting Ltd, in the chart above, shows the price movement of DFM since October 14, 2012, when its owners- Dangote Industries Limited, the holding company of Alhaji Aliko Dangote, Africa’s richest man yet, sold 65% of its holdings to Tiger Brand at N9.50, retaining 10%.
It however repurchased (call it ‘re-acquired’) the company on February 24, 2016, at a paltry N1.24 after almost four years of posting losses, thereby making a kill, like every smart investor.

The company returned to profit again immediately Dangote Group took it over.
The directors rewarded shareholders with 20 kobo dividend per share after five years of waiting and hoping that things could, at least turnaround and their expectations met.

DFM is back to loss again, as shown in the 2018 full-year earnings score-card released earlier this month and it is being offered to Olam, a group known to be heavy investors in Nigeria’s agricultural value chain, at N26.00 per units, translating to N14.25 or 121.28% premium. The final price will, however, be subject to certain adjustments in line with the agreement.
Meanwhile, we watch to see where the announcement will take the share price before the cut-off date of the binding offer, just as investors would be interested in what adjustments will likely be made that will affect the share price and therefore, minority shareholders, in view of the no-excess baggage part of the clause.

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/2019/04/analysis-historical-price-movement-of-dangote-flour-mills-october-2012-april-23-2019/#more

The Five Biggest Stock Market Myths

Many investors wonder whether they should invest in stocks. Before deciding to invest, it's important to have an accurate understanding of stocks and trading rather than blindly accepting common myths. Here are five of those myths and the truth behind them.

1. Investing in Stocks Equates to Gambling

This reasoning causes many people to shy away from the stock market. To understand why investing in stocks is inherently different from gambling, we need to review what it means to buy stocks. A share of common stock represents ownership in a company. It entitles the holder to a claim on assets as well as a fraction of the profits that the company generates. Too often, investors think of shares as simply a trading vehicle, and they forget that stock represents ownership.

In the stock market, investors are constantly trying to assess the profit that will be left over for shareholders. This is why stock prices fluctuate. The outlook for business conditions is always changing, and so are the future earnings of a company.

Assessing the value of a company is complex. There are so many variables involved that short-term price movements appear to be random (academics call this the random walk theory); however, over the long term, a company is supposed to be worth the present value of the profits it will make. In the short term, a company can survive without profits because of the expectations of future earnings, but no company can fool investors forever—eventually, a company's stock price will show the true value of the firm.

Gambling, in contrast, is a zero-sum game. Gambling merely takes money from a loser and gives it to a winner. No value is ever created whereas the overall wealth of an economy increases through investing. As companies compete, they increase productivity and develop products that improve lives. Investing and creating wealth should not be confused with gambling's zero-sum game.

2. The Stock Market Is an Exclusive Club For Brokers and Rich People

Many market advisors claim to be able to call the markets' every turn. However, almost every study done on this topic has proven that these claims are false. Most market prognosticators are notoriously inaccurate; furthermore, the internet has made the market much more accessible to the public than ever before. The data and research tools previously available only to brokerages are now available for individuals to use. Moreover, discount brokerages and robo-advisors allow investors to access the market with minimal investment.

3. Fallen Angels Will Go Back Up, Eventually

Whatever the reason for this myth's appeal, nothing is more destructive to amateur investors than thinking that a stock trading near a 52-week low is a good buy. Think of this in terms of the Wall Street adage, "Those who try to catch a falling knife only get hurt."

Suppose you are looking at two stocks:

X reached an all-time high last year around $50 but has since fallen to $10 per share.

Y is a smaller company but has recently gone from $5 to $10 per share.

Which stock would you buy? Believe it or not, all things being equal, the majority of investors choose the stock that has fallen from $50 because they believe it will eventually make it back up to those levels again. Thinking this way is a cardinal sin in investing.

Price is only one part of the investing equation (investing is different from trading because the latter uses technical analysis). The goal is to buy growth companies at a reasonable price. Buying companies solely because their market price has fallen will yield nothing. Investing in stocks should not be confused with value investing, which is buying high-quality companies that are undervalued by the market.

4. Stocks That Go Up Must Come Down

The laws of physics do not apply to the stock market, and there is no gravitational force to pull stocks back to even. Over 20 years ago, Berkshire Hathaway's stock price rose from $7,455 to $17,250 per share in a little more than a five-year period. Far from coming back down, the stock rose again to over $308,000 per share in February 2019. Although it is not true to state that stocks never undergo a correction, the point is that the stock price is a reflection of the company. If you find a great firm run by excellent managers, there is no reason the stock will not continue to rise.

5. A Little Knowledge Is Better Than None

Knowing something is generally better than nothing, but it is crucial in the stock market that individual investors have a clear understanding of what they are doing with their money. Investors who do their homework are the ones that succeed.

An investor who lacks the time to do extensive research should consider employing the services of an advisor. The cost of investing in something that is not fully understood far outweighs the cost of using an investment advisor.

The Bottom Line

"What's obvious is obviously wrong" is another adage. It implies that knowing just a little will only have you following the crowd like a lemming. Successful investing takes hard work and effort. Consider a partially informed investor as a partially informed surgeon; the mistakes could be severely hazardous to their financial health.

investopedia
https://investdataltd..com/2019/04/the-five-biggest-stock-market-myths.html

Investdata Daily Sentiment Report as at April 24, 2019

NSEASI buy 66% sell 34% volume index 0.83 MFI 53.41
Access buy � volume index 0.84 MFI 68.48
Afrprud buy � volume index 0.98 MFI 38.90
Custodian buy 0% volume index 1.73 MFI 23.61
Dangcem buy � volume index 1.49 MFI 50.69
Dangflour buy � volume index 2.86 MFI 81.08
Fbnh buy � volume index MFI 20.74
Fcmb buy � MFI 56.90
Fidelity buy 33% sell 67% MFI 41.23
Fmn buy 0% volume index 1.16 MFI 21.30
GT buy 8% sell 92% MFI 50.87
Japaul buy � volume index 17.91 MFI 100.00
Oando buy � volume index 1.00 MFI 46.86
Regalins buy 0% volume index 1.43 MFI 37.15
Stanbic buy 0% volume index 1.31 MFI 58.41
Transcorp buy 0% MFI 74.49
Uba buy 62% sell 38% volume index 1.61 MFI 44.94
Ucap buy 67% sell 33% volume index 0.97 MFI 21.18
Unilever buy � volume index 20.20 MFI 19.52
Vitafoam buy � volume index 1.50 MFI 85.42
Wema buy � MFI 63.02
Zenith buy 0% volume index 0.95 MFI 5.62

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_24.html

1. YOU GET WHAT YOU SPEND YOUR TIME DOING...

I. SPEND; exchange, expend, utilise
II. TIME; interval between two events
I. First point, for you to spend something, it means you've a value in possession, for which you wish to exchange for another value of more importance to you per time.
II. Second Point, time is considered as the currency of the world, currency because flows, its how long it takes from the start to finish of an event.
Finally, events will always occur, with or without your input, the only way to get anything between events, is to invest your talent, resources, valuables to mark the planting to harvest seasons, as an interval between events...
So, are you still expecting to harvest what you didn't plant between the interval of events

eDividend Mandate Forms of Different Registrars

(1). Africa Prudential, download it here �
http://sec.gov.ng/wp-content/uploads/2016/04/Afric-Prudential-EDMMS-Form_2018.pdf

(2). All Crown Registrars, download here �
http://sec.gov.ng/wp-content/uploads/2016/04/All-Crown-Registrars_E-dividend-Mansate-Form.pdf

(3). Apel Registrars, download here �
http://sec.gov.ng/wp-content/uploads/2017/11/E-DIVIDEND-MANDATE-FORM.pdf

(4). CardinalStone Registrars, download here �
http://sec.gov.ng/wp-content/uploads/2016/04/CardinalStone-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(5). Centurion Registrars, download here �
http://sec.gov.ng/wp-content/uploads/2016/04/Centurion-Registrars_-e-DIVIDEND-MANDATE-FORM.pdf

(6). DataMax Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/DataMax-e-DIVIDEND-MANDATE-FORM.pdf

(7). EDC Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/e-Dividend-Mandate-Activation-Form-of-EDC-Registrars.pdf

(. First Registrars �
http://sec.gov.ng/wp-content/uploads/2017/11/First-registrars-E-Dividend_EDMMS-1.pdf

(9). Atlas Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/FlourMills-Registrars_-e-DIVIDEND-MANDATE-FORM.pdf

(10). GTL Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/GTL-Registrars_-e-DIVIDEND-MANDATE-FORM.pdf

(11). Light House Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/Lighthouse-Registrars-e-DIVIDEND-MANDATE-FORM.pdf

(12). Mainstreet Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/MainstreetBank-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(13). Meristem Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/Meristem-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(14). PAC Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/PAC-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(15). PACE Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/PACE-Registrars-e-DIVIDEND-MANDATE-FORM.pdf

(16). United Securities Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/United-Securities-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(17). Unity Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/Unity-Registrars_e-DIVIDEND-MANDATE-FORM.pdf

(18). Veritas Registrars �
http://sec.gov.ng/wp-content/uploads/2016/04/Veritas-Registrars_e-DIVIDEND-MANDATE-FORM.pdf


Source ; SEC Portal.
https://investdataltd..com/2019/04/edividend-mandate-forms-of-different.html

Expect Volatility, Mixed Performance On Continued Profit Booking From Rally


Market Update for the week ended April 18 and Outlook for April 23-26
The Nigerian Stock Exchange (NSE) in the past week had a positive outing, halting five consecutive weeks of decline on the back of seemingly positive economic data released by the National Bureau of Statistics (NBS) and inflow of mixed Q1 earnings reports to the market in the period under review. The reports from the financial services and consumer goods sectors so far are weak, just in line with Investdata’s expectations, but given the prolonged decline in equity prices, the scorecards could be catalysts if the ongoing buying interest is sustained next week as more Q1 numbers hit the market.

Meanwhile, the Central Bank of Nigeria (CBN) is easing gradually, while inflation rate is lowering, as revealed through the Consumer Price Index (CPI), a measure of the average change in the general price level of all items, which declined Year-on-Year in the month of February, from 11.31% to 11.25%. This represents the third consecutive monthly decline in Nigeria’s Headline inflation rate, jointly impacted by the reduction in both core (all items less farm produce) and food (farm produce) price sub-indexes.
These are the moments when real wealth can be created in stocks. I want to make sure you are acting, not watching from the sidelines.
Also, as you enjoy your long Easter holidays, take a moment to sign up for Investdata buy and sell signal setup to get all our in-depth analysis of the picture and to get access to our carefully created watch list of stocks. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this Q1 earnings season and beyond.

Movement Of NSEASI
The four trading days of last week ahead due to the Easter holiday recorded three sessions of positive performance driven by the earnings reports from the big banks: Guaranty Trust Bank, Zenith Bank, and Access Bank, as well as Africa Prudential, United Capital and Unilever Nigeria that came mixed and even weak.
The recovery trend continued after Monday’s slowdown on strong momentum, trading above the 20-Day Moving Average, despite profit bookings in the last trading session of the week.
The benchmark NSE All-Share index lost 0.22% on Monday, but turned positive on Tuesday and thereafter consolidated on Wednesday and Thursday, when it notched 0.46%, 0, 78% and 0.53% on the strength of bargain hunting for undervalued stocks. This brought the week’s total gain for the week to 1.78%, thereby reversing previous week’s 0.19% loss.

In the period under review, kobo stocks dominated the advancers’ table as demand for blue-chip stocks were just kicking off ahead of the expected Q1 scorecards. The recovery was sustained due to low stock valuations, despite price adjustments for dividends declared. The renewed demand for stocks was evidenced in the sector indexes that closed positive, except the NSE Oil/Gas index that lost 2.22%, while the NSE Consumer index led the advancers’ side with 5.20%, followed by the NSE Insurance and Banking indices with 2.44% and 2.07% respectively.
The energy behind the week’s performance was weak, but up marginal as revealed by money flow index at 35.55 basis points, compared to 31.40bps in the previous week, indicating that funds are gradually entering the market. Just as buying volume stood at 93% for the period under review.

NSEASI Weekly Time Frame
The NSE All-Share index during the week rallied on a low traded volume while at the same time forming a double bottom, signaling a high possibility of trend continuation, on improved positive sentiments, amidst the side trending Money Flow index. Also noteworthy is the fact that the benchmark NSEASI is trading above its 20-Day Moving Average, to breakout the psychological line of 30,000.

Bullish Sectors Indices
The sectoral performance index was largely bullish, except for the NSE Oil/Gas that closed lower, while market breadth was flat with advancers equaling decliners in the ratio of 33:33, thereby reversing previous week’s down market. Volume and value for the period declined by 44.14% and 25.10% respectively to 988.96m shares worth N11.43bn, compared to previous week’s 1.77bn units valued N15.26bn. The uptrend confirms the impact of bargain hunting and portfolio repositioning ahead of Q1 earnings season and economic data expectations.
The statement that the stock market is the barometer for measuring economic wellbeing of any nation will be tested when the NBS publishes the Q1 GDP, given that the corporate earnings already released have given insights into the nation performed between January and March, despite expansion recorded in the Purchasing Managers’ Index (PMI).

The best-performing stocks for the week were Chams and First Aluminum, which led the advancers’ table with 28.57% and 28.13% gains respectively, closing at N0.36 and N0.41 per share on market forces. On the other hand, ABC Transport and Royal Exchange Assurance that suffered losses of 17.50% and 12% respectively, closing at N0.33 and N0.22, as investors are watching.
During the week also, the prices of Unilever Nigeria, Chams, Fidelity Bank and Fidson Healthcare were adjusted for a dividend of N2.45, five kobo, 25 kobo, and 35 kobo respectively proposed by their directors.
Also, investors are already anticipating the bulk of 2019Q1 company earnings reports that will tell the full story of how the economy performed between January and March.

Market Outlook
We expect the mixed performance to continue this week due to profit booking from the rally witnessed last week. We must not gloss over the reality that there is currently no positive trigger to sustain the recent market resurgence. 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.
The sustained volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and post-election market dynamics. Investors should review their positions in line with their investment goals, the strength of company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.
We appreciate all the participants and facilitators that made our Port Harcourt Chart Summit a success. Believing all the strategies discussed will impact positively on their trading if implemented.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/04/expect-mixed-performance-may-continue-owing-to-profit-booking-from-rally/

4 Key Factors To Building A Profitable Portfolio


Portfolio management means different things to different people but, in general, it is a way of balancing risks and rewards. And while the goal of any investment strategy seems straightforward – make money – it often depends on an investor's circumstances.

For example, a young person who is new to the full-time workforce might reasonably expect his investment portfolio to grow and provide him with a nest egg when he retires. Conversely, an older worker may simply want to hold on to what she has already accumulated. To satisfy the desires of both types of investors (along with the desires of others) individualized approaches are needed.

Things to Consider
When deciding on the right portfolio blend, keep these things in mind:

1. Goals – Exactly what is it that you are trying to accomplish? Is your objective to accumulate wealth or to hold on to what you already have?

2. Risk Tolerance – How do you handle the day-to-day fluctuations of the market and the consequent rise and fall of your net worth? If you are prone to wild reactions, like checking the sky for swarms of locusts every time your portfolio loses value, it might behoove you to find more stable investments. True, it might take you longer to reach some of the financial goals you've set, but at least you'll sleep at night … and the crops will be safe.

3. Own What You Know – Often it helps to invest in businesses and industries that you know something about. Acme Widgets may have had a great fourth quarter, but if you know nothing about the widget industry, how do you know that the company will continue to be successful? For that matter, how do you know that people will still be using widgets five to 10 years from now? Information about a specific business or industry doesn't necessarily provide the answers to these questions, but it sure doesn't hurt.

4. When to Buy/Sell – If the stock market has taught us anything recently, it is that Kenny Rogers was right: "You gotta know when to hold ‘em, know when to fold ‘em." Every purchase you make should have a purpose, and you should constantly re-evaluate that purpose according to the market and other conditions.

The Bottom Line

By thoroughly understanding and articulating your monetary goals and being an active participant in your financial planning, it's possible to grow your investment portfolio safely and steadily - without growing any (more) gray hairs in the process.
[6:40 AM, 4/20/2019] +234 803 329 9154: GTBank lament unclaimed Dividend why?
Because when you submit your e-mandate to them, they will reject it and ask you to go and process through your Stock Broking firm/"Cscs
Not minding that most of the houses we bought their shares are dead houses and some people have not even verified their share certificates.
Unlike other Registrars they will receive it from you and process outright

https://investdataltd..com/2019/04/4-key-factors-to-building-profitable.html

Have you Given Up? Read This before you Decide...


Recently, Tiger Woods won the Masters golf tournament in Georgia. The entire world celebrated him including the several athletes like Serena Williams, Jack Nicklaus, Tom Brady. In fact, President Donald Trump and former president of the United States Barrack Obama also Congratulated him. It was seen as one of the greatest comeback in history.

However, you might be wondering what made this special. To be frank, this guy life was shattered into pieces when had a divorce. Divorce is not a good experience (I knew of a friend who got divorced for over 5 years and that will always be our conversation whenever we meet. It is like yesterday to him). Tiger Woods have been arrested for drunk driving and other related issues; this was shown worldwide.

Furthermore, from world number one, he was no were to be found among the top 1000 golfers in the world. It was either from one issue to another. To the extent that he had to stay off professional golf in other to settle his marital issues.

But, he did not give up despite his fall along the way. He just invested in things that kept him focus on his goal of winning the Masters. It took him 6 years to bounce back.

Hence, if you have lost hope in the market then compare yourself with Tiger Woods who almost lost his Mind because he did not lost only Money but
1. Marriage,
2. Endorsement
3. Lost his rhythm as a professional golfer
4. Faced Public Disgraced on several occasion which was broadcasted worldwide
5. Worst of all: Almost lost his mind.

Don't give up. Keep Pushing

Like Tiger, you need to keep on working on yourself through knowledge acquisition either through seminar or Videos and becoming better until nature says I think this guy is serious. Let's give him another chance.

So, irrespective of the age you have found yourself, pick the little pieces of your shattered self and start working on it NOW…

Dedicated to Your Financial Success
Ambrose Omordion


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However, If No, there is still time to make haste when the sun shines. Call Now 08028164085,08032055467 to get Started with

1. Buying and Selling Signal
2. Invest 2019 Post Election Bulls and Bear Workshop
3. The ABC Technical Analysis for Novice and Advanced Traders Chart Summit
4. Invest 2019 Investors and Traders Summit: Best Returns In 2019 & Beyond: Adopting The Billionaire Mentality In Stock Selection

https://investdataltd..com/2019/04/have-you-given-up-read-this-before-you.html

Investdata Daily Sentiment Report as at April 18, 2019

NSEASI buy � volume index 0.85 MFI 25.70
Access buy � MFI 52.10
Afrprud buy � volume index 0.78 MFI 42.45
Aiico buy 0% MFI 54.98
Chams buy � MFI 88.56
Custodian buy � MFI 20.46
Eterna buy � MFI 25.68
Fbnh buy � MFI 16.59
Fcmb buy 71% sell 29% volume index 0.82 MFI 47.93
Fidelity buy � MFI 23.14
GT buy � volume index 3.15 MFI 50.95
M&B buy 0% volume index 2.48 MFI 70.13
Nestle buy � volume index 0.94 MFI 59.66
Oando buy 0% MFI 22.67
Royalex buy 0% volume index 2.24
Sovereins buy � MFI 13.65
Stanbic buy � volume index 1.52 MFI 58.66
Sterling buy � MFI 69.47
Transcorp buy 33% sell 67% MFI 72.08
Uba buy � MFI 28.29
Unilever buy 0% volume index 14.52 MFI 75.26
Veritas buy � MFI 71.14
Wapic buy � MFI 90.02
Zenith buy 0% MFI 16.68

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_18.html

Investdata Daily Sentiment Report as at April 17, 2019

NSEASI buy � volume index 0.85 MFI 25.70
Access buy � MFI 52.10
Afrprud buy � volume index 0.78 MFI 42.45
Aiico buy 0% MFI 54.98
Chams buy � MFI 88.56
Custodian buy � MFI 20.46
Eterna buy � MFI 25.68
Fbnh buy � MFI 16.59
Fcmb buy 71% sell 29% volume index 0.82 MFI 47.93
Fidelity buy � MFI 23.14
GT buy � volume index 3.15 MFI 50.95
M&B buy 0% volume index 2.48 MFI 70.13
Nestle buy � volume index 0.94 MFI 59.66
Oando buy 0% MFI 22.67
Royalex buy 0% volume index 2.24
Sovereins buy � MFI 13.65
Stanbic buy � volume index 1.52 MFI 58.66
Sterling buy � MFI 69.47
Transcorp buy 33% sell 67% MFI 72.08
Uba buy � MFI 28.29
Unilever buy 0% volume index 14.52 MFI 75.26
Veritas buy � MFI 71.14
Wapic buy � MFI 90.02
Zenith buy 0% MFI 16.68

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_17.html

NGSE Indicators Fail To Confirm Rebound, As Investors Play Safe, Expect Guidance From Q1 Data

Market Update for April 15
Trading activities on the Nigerian Stock Exchange on Monday was yet volatile, closing lower, even as it cut short the seeming uptrend expected to confirm the real recovery after three sessions of upmarket. The profit booking which halted the trend was not surprising, given that the market is still looking to positive factors like the expected Q1 numbers, government policy, and liquidity to support the recent reversal.

Monday’s trading opened higher in the morning but drifted lower and at one point swung from intraday high of 29,630.86 basis points, to a low of 29,484.93bps. It bounced around all afternoon, and in the last minute closed to the downside.
However, despite profit taking that hit the market, breadth remained positive in the midst of mixed sentiments.

As we discussed last week, the position of Q1 earnings likely to hit the market this week, as well as economic data, especially the March inflation figure released Tuesday morning, will determine the next line of action. Note that the market low liquidity continues to pervade the market, just as confidence level remains weak and needs to be stimulated.
Little insight has already been given, with the impressive numbers from the Infinity Mortgage Bank. The market was looking for earnings contraction from weak economic activities, despite the expansion of PMI for the same period.

Market technicals for the day were negative but mixed with volume traded lower than the previous day in the midst of positive breadth and strong selling sentiments. This was confirmed by Investdata’s daily sentiment report that shows a 77% sell volume and 23% buy of the total daily transaction volume index of 0.59.

The momentum behind the day’s market performance was very weak but is looking up as shown by Money Flow Index of 22.24 points, from the previous day’s 19.60bps. This indicates a gradual inflow of funds to the market, despite the seeming increase in demand for stocks.

Index and Market Cap
At the end of Monday’s trading, the benchmark NSE All-Share Index shed 69.99bps, closing at 29,495.91bps, after opening at 29,565.90bps, representing a 0.22% decline. Market capitalization dropped by N25.92bn to N11.08tr, from its opening value of N11.10tr, also representing 0.22% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depth analysis of the picture and to get access to our carefully created watch list of stocks. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this Q1 earnings season and beyond.

The session downturn resulted from profit-taking in banking and other stocks like Dangote Cement, Nestle, FBNH Holding, UBA, Flour Mills, Oando and Honeywell. This impacted negatively on the Year-to-Date loss, increasing it marginally to 6.16%, just as market capitalization dropped further to N586.21bn, or 5.28%, from the opening level of N11.72tr.

Mixed Sector Indices
The sectoral performance indexes for the day were largely bullish, except for the NSE Banking and Oil/Gas that were in red, while others closed green, led by the NSE Consumer and industrial Goods indexes with 1.33% and 0.56% respectively. Market breadth was positive as advancers outweighed decliners in the ratio of 26:17.

Market activities in volume and value were down by 3.86% and 9.51% respectively to 223.78m shares worth N1.79bn, as against previous day’s 232.77m units valued at N2.01bn.Volume was driven by financial services and ICT stocks like Sovereign Trust Insurance, Chams, UBN, Guaranty Trust Bank and UBA.
Initiate Plc and Dangote Flour Mills were the best-performing stocks for the day, gaining 9.59% and 9.52% respectively while closing at N0.80 and N9.20 per share on market forces and sentiments. ABC Transport and AG Leventis lost 10% and 9.68% respectively, closing at N0.36 and N0.28 respectively, on profit taking and market forces.

Market Outlook
We expect a mixed performance depending on market forces ahead of Q1 numbers and as traders react to the inflation data for March released Tuesday morning, expected to give insights into how this year’s outlook after seeing the weak 2018 financials.
Investors look to government’s policy direction as the market faces low liquidity problems in the ongoing earnings reporting season, vis-à-vis market and economic fundamentals.
Given the drop in the prices of major blue chips in recent times, creating entry opportunities, we expect speculative trading to shape the market direction going forward.

The volatility witnessed from last week until Tuesday was driven by traders and investors repositioning ahead of dividend declaration by major listed companies.
The ongoing volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on political space and ongoing full year company earnings position and post-election market dynamics. Investors should review their positions in line with their investment goals, the strength of the company numbers and act as events unfold in the global and domestic environment.

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

We appreciate all the participants and facilitators that made our Port Harcourt Chart Summit a success. Believing all the strategies discussed will impact positively on their trading if implemented.

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 SUMMITand CHART SUMMITHome 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.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/04/ngse-indicators-fail-to-confirm-rebound-as-investors-play-safe-expect-guidance-from-q1-data/

Investdata Daily Sentiment Report as at April 16th, 2019

NSEASI buy 23% sell 77% MFI 22.24
Access buy � MFI 47.92
Afrprud buy � MFI 42.38
Caverton buy 0% volume index 0.81 MFI 71.45
Chi buy � volume index 1.86 MFI 40.08
Custodian buy 0% MFI 14.91
Dangcem buy 0% MFI 49.92
Dangflour buy � MFI 29.13
Eti buy 0% volume index 3.17 MFI 12.56
Fbnh buy 25% sell 75% MFI 14.46
Fcmb buy 0% MFI 47.50
Fidelity buy 30% MFI 25.78
GT buy � volume index 0.78 MFI 40.69
Honyflour buy � volume index 0.79 MFI 46.50
Jaiz buy � MFI 52.35
M&B buy � volume index 7.21 MFI 80.53
Nestle buy � volume index 1.59 MFI 57.05
Regalins buy 0% volume index 2.15 MFI 52.47
Sovereins buy � volume index 5.75 MFI 13.65
Stanbic buy � MFI 58.48
Transcorp buy � MFI 73.72
Uacn buy � MFI 1.51
Uba buy 0% MFI 24.37
Ubn buy � volume index 16.16 MFI 88.11
Veritas buy � MFI 71.14
Wema buy 0% MFI 56.09
Zenith buy � MFI 22.36

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_16.html

Financial Literacy: SEC Seeks More Collaboration Among Regulators

Nigeria’s Securities and Exchange Commission (SEC) says it is ready to strengthen collaborations with other financial industry regulators in the country, as part of the financial literacy campaign.
This, the commission said, during an advocacy visit by the Financial Literacy Technical Committee, a market-wide committee of the capital market to the National Insurance Commission (NAICOM) in Abuja, at the weekend, is in a bid to ensure that Nigerians both in the urban and rural areas are effectively sensitized on the benefits of financial literacy, and in turn lead to an improvement in the economy.
Speaking at the event, SEC’s Director of Market Development, Edward Okolo said the visit is in an effort to further strengthen collaboration between the committee and NAICOM and expressed appreciation to NAICOM for being a member of the committee in helping to pursue financial literacy awareness in the market.

He described the insurance industry as one of the veritable tools of raising money in the market, stressing the need to explore avenues of enlightening the states on insurance during the SEC’s regular enlightenment campaigns.
“As we market the capital market, NAICOM can also market insurance products during such campaigns. This collaboration will further strengthen our base and strengthen the financial side of the economy. Our sustenance is going to be based on how we can strengthen the market and introduce new products” he said.
Also commenting, a member of the committee, Omagbitse Barrow, said the story of the financial sector needs to be told more holistically by all agencies involved.

According to him, “we need to be in agreement as well as understand what we do to be able to forge a united front. Already, we are making use of various channels like social media, training students on Over the Counter and other financial products to enlighten Nigerians.
“Our focal area is to get people to understand more about the things we are doing and explore areas where we can collaborate as fellow regulators.

“We need to pay more attention to financial literacy and use it as a fulcrum to deepen the quality of participation and create more value for the industries. We want to continue to have more co-operation with a unified front to drive financial literacy. When that happens, the market will respond appropriately” Barrow added.
Reacting, Director, Inspection at NAICOM, Barineka Thompson, commended the committee on its work which he said would deepen the financial industry and empower the citizens.
Thompson said the work of the committee will lead to improvements in products in the insurance sector and further deepen the market, which will, in turn, improve the financial sector and the economy.
“We are glad that you are collaborating with NAICOM. We will mobilize our representation from the industry and this will further enhance the scope of interaction.

“As we plan ahead, we will find areas to work with the committee. We are interested in the work of the committee and can assure you of our support, we support the on-going implementation of the master plan and will continue to support it” he added.
The Financial Literacy Technical Committee is a Market-wide committee of the capital market set up by the Securities and Exchange Commission as part of the Implementation of the Ten year Capital Market Master Plan.

Photo Caption: Director, Corporate, Governance, Enforcement and Compliance, National Insurance Commission, Leo Akah, Director, Market Development Department, Securities and Exchange Commission, Edward Okolo, Director, Inspection, NAICOM, Barineka Thompson and a member, Technical Committee on Financial Literacy, Capital Market Master Plan Implementation Committee, Omagbitse Barrow during a Financial Literacy Technical Committee with NAICOM weekend

https://investdata.com.ng/2019/04/financial-literacy-sec-seeks-more-collaboration-among-regulators/#more

Investdata Price & Earnings Tracking For Week Ended April 12, 2019


https://investdata.com.ng/2019/04/investdata-price-earnings-tracking-for-week-ended-april-12-2019/#more

Investdata Weekly Sentiment Report as at April 15th, 2019

NSEASI buy 93% sell 7% volume index 1.12 MFI 31.39
Access buy 89% sell 11% volume index 0.95 MFI 57.98
Afrprud buy � volume index 1.01 MFI 46.02
Aiico buy � MFI 56.67
Cadbury buy 0% MFI 59.52
Cap buy � MFI 90.39
Caverton buy 27% sell 73% volume index 1.48 MFI 83.10
Ccnn buy 0% MFI 33.20
Chams buy 67% sell 33% volume index 5.26 MFI 100.00
Chi buy 33% sell 67% MFI 2.68
Custodian buy 42% sell 58% MFI 37.89
Cutix buy 30% sell 70% volume index 5.05 MFI 33.68
Dangcem buy � MFI 47.42
Dangflour buy 73% sell 27% MFI 60.77
Dangsugar buy 57% sell 43% volume index 2.11 MFI 53.82
Eterna buy 29% sell 71% volume index 3.50 MFI 17.85
Eti buy 24% sell 76% MFI 42.03
Fbnh buy 46% sell 54% volume index 1.45 MFI 54.20
Fcmb buy 12% sell 88% MFI 43.80
Fidelity buy 94% sell 6% MFI 55.55
Fidson buy � MFI 53.34
Fmn buy 63% sell 37% MFI 34.67
Glaxo buy 84% sell 16% volume index 2.01 MFI 37.95
GT buy � volume index 1.45 MFI 49.48
Honyflour buy � MFI 36.21
Jaiz buy 0% volume index 0.80 MFI 75.71
Lasaco buy � volume index 8.27 MFI 77.49
Lawunion buy � volume index 0.87 MFI 63.46
Learn buy � MFI 65.06
Lvstk buy � MFI 47.39
Mansard buy 0% MFI 92.80
M&B buy � volume index 1.83 MFI 54.48
Mben buy � volume index 3.71 MFI 44.07
Mobil buy � volume index 6.64 MFI 58.81
Nascon buy 0% MFI 62.07
Nem buy 3% sell 97% MFI 68.80
Nestle buy � volume index 0.80 MFI 50.70
Nigerins buy � volume index 1.55 MFI 23.78
Oando buy 25% sell 75% MFI 65.53
Pz buy 0% MFI 30.76
Regalins buy � volume index 0.86 MFI 67.46
Sterling buy 58% sell 42% volume index 5.40 MFI 89.48
Transcorp buy 88% sell 12% volume index 3.38 MFI 60.31
Transexpr buy � volume index 1.70 MFI 66.63
Uacn buy 0% volume index 0.87 MFI 22.48
Uba buy 82% sell 18% volume index 0.92 MFI 44.65
Ucap buy 91% sell 9% volume index 1.00 MFI 31.74
Unilever buy � MFI 81.85
Uniondac buy 67% sell 33% volume index 0.91 MFI 46.61
Unity buy � MFI 49.69
Veritas buy � volume index 0.83 MFI 8.36
Wapco buy � MFI 56.47
Wema buy � MFI 55.15
Zenith buy 37% sell 63% volume index 0.92 MFI 53.12

https://investdataltd..com/2019/04/investdata-weekly-sentiment-report-as_14.html

Investdata Corporate Actions As At Friday, April 12, 2019

https://investdata.com.ng/2019/04/investdata-corporate-actions-as-at-friday-april-12-2019/

Investors Expect Sustained Volatility, Speculative Trading To Indicate NGSE Direction

Market Update for the week ended April 12 and Outlook for April 15-1
Trading activities on the Nigerian Stock Exchange over the past week were mixed, closing lower and extending five consecutive weeks of bear-run. This was despite the seemingly improved buying interest for the period under review while awaiting Q1 scorecards and March inflation data.

We talked about the coming catalysts for Q1 earnings season that are expected to kick off fully next week with two companies presenting their numbers to the investing community.
As we discussed, the NSE and corporate Nigeria have set their minds for a contraction in company earnings in the first quarter, compared to the same period a year ago. This is good for the market because it has set the stage for positive surprises.

Remember, the economy was weak in Q1, with the Purchasing Managers’ Index (PMI) reflecting an expanding economy.
As I mentioned during the week, this is a recipe for solid earnings growth, rather than a contraction.
The first quarter earnings report of Infinity Mortgage Bank has given insight into what will likely come from the banks. The market expected earnings contractions, relative to Q1 of 2018. Will the current low liquidity in the market, despite the signal of recovery fuel the market’s rebound to support level.

Movement Of NSEASI
Meanwhile, Nigeria’s equity market opened the week on a negative note, losing 1.5% as high cap stocks like Dangote Cement, Guaranty Trust Bank, and Stanbic IBTC suffered losses. The trend continued on Tuesday but on a reduce momentum, before turning positive in the last three trading sessions on the back of bargain hunting, given that many stocks were undervalued. This led to daily gains of 0.20%, 0.50%, and 0.73% respectively for Wednesday, Thursday and Friday, reducing the week’s total decline to 0.19%.

Low cap stocks dominated the advancers’ table during the period as blue-chip stocks struggled to rebound after previous weeks of sell-offs and price adjustment for dividends declared. The renewed demand for low, medium and high stocks are expected to impact positively on the market. The only sector that closed higher was the NSE Oil/Gas index with 0.36%, while the NSE insurance index led the losers, shedding 3.08%. It was followed by the NSE Industrial goods’ 0.69%.
The momentum behind the week’s performance was weak, but flat as revealed by money flow index at 31.40 basis points, compared to 31.35bps in the previous week, indicating that funds are exiting the market, just as buying pressure was high at 93% for the period under review.

NSEASI Weekly Time Frame
The composite NSE All-Share index, during the week, resisted further decline on a low traded volume, while at the same time forming a double bottom. This signaled a high possibility of reversal, on improved positive sentiments, amidst a side trendingMoney FlowIndex. Also noteworthy is the fact that the benchmark index is trading below its 20-Day Moving Average, after testing the recent support level of 28,780.02 basis points.

Bearish Sectors Indices
The sectoral performance index was largely bearish, except for the NSE Oil/Gas that closed green, while market breadth was positive with advancers outnumbering decliners in the ratio of 35:31 as in previous week’s down market. Volume and value for the period declined by 50% and 24.68% respectively to 1.77bn shares worth N15.26bn from previous week’s 3.54bn units valued N20.26bn. The decline in sell-off came amid bargain hunting and portfolio repositioning ahead of Q1 earnings season and economic data expectations.
Learn Africa and May & Baker were the best-performing stocks for the period, topping the advancers’ table with 18.7% and 17.39% gains respectively, closing at N1.46 and N2.70 per share on market forces and impact of the dividend. On the other hand, Ikeja Hotel and ABC Transport that suffered the biggest losses of 26.11% and 16.67% respectively, closing at N1.67 and N0.40, as investors took profit.

During the week also, the prices of Guaranty Trust Bank, McNichols, Access Bank, and Custodian Investment were adjusted for a dividend of N2.45, 5 kobo, 25 kobo, and 35 kobo respectively proposed by their directors. Also, investors are already anticipating the bulk of 2019Q1 company earnings reports that will tell how the economy performed between January and March.


Market Outlook
We expect the mixed performance to continue this week due to profit booking from the rally witnessed between Wednesday and Friday last week. We must not gloss over the reality that there is currently no positive trigger to sustain the recent market resurgence. That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced.

Infinity Mortgage Bank has already kicked off the Q1 earnings reporting season with stronger numbers when compared to prior year’s and yet to reflect on the share price.
With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction in this trading week, despite the seeming negative outlook.
The volatility witnessed last week was driven by traders and investors repositioning ahead of dividend declaration by major listed companies.

The ongoing volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and ongoing full year company earnings and post-election market dynamics. Investors should review their positions in line with their investment goals, the strength of company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.
We appreciate all the participants and facilitators that made our Port Harcourt Chart Summit a success. Believing all the strategies discussed will impact positively on their trading if implemented.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/04/investors-expect-sustained-volatility-speculative-trading-to-indicate-ngse-direction/

FBN Holdings Nets N59.74bn Profit On 42% Drop In Impairment Charge, Offers N0.26 Dividend

The board of FBN Holdings Plc, on Friday presented its audited financials for the year ended December 31, 2018, which is the best since the 2015 financial year, indicating a 31.36% growth in net profit, which was helped by a combination of the 42.22% reduction in impairment charge for credit losses; 51.86% net insurance premium revenue rise; 53.96% increase in net gains on foreign exchange and net gains on sales of investment securities of 119.66%.

The directors have therefore proposed a dividend of 26 kobo from the Earnings Per Share of N1.66, which rose from N1.05 in 2017, representing a 58.23% growth.
Gross earnings for the year, N496.858bn of which was derived from Nigeria and N86.819bn from outside Nigeria, dropped by 2.01% from N595.446bn in 2017 to N583.477bn; with commercial banking group contributing the lion’s share of N514.793bn, followed from afar by N45.259bn from the merchant banking and asset management group; while insurance group fetched N22.663bn. Interest income dropped by 7.49% to N434.41bn from N469.586bn, helped by the N402.379bn from commercial banking and N134.488bn interest expense, which shot group interest expense from N138.064bn to N150.242bn, up 8.82%. Net interest income, therefore, stood at N284.168bn, a decline of 14.28% from prior year’s N331.522bn.

Impairment charge for credit losses reduced by N63.513bn from N150.424bn to N86.911bn, the bulk of which was N87.871bn by the commercial banking group, following which net interest income after impairment charge for credit losses stood at N197.257bn, up 8.92% from N181.098bn.

Net insurance premium revenue climbed to N15.541bn from N10.234bn; fee and commission income increased to N92.724bn from N74.453bn in 2017, mainly the N34.029bn from money transfer commission, as against N24.989bn in prior year, followed by N12.329bn from account maintenance, which was almost double the N6.686bn in 2017, just as brokerage and intermediations contributed N11.901bn, a significant increase when compared to N1.554bn in the preceding year, among others. Fee and commission expense increased 43.02% from N12.117bn to N17.33bn.

Net gains on foreign exchange stood at N32.636bn from N21.062bn; net gains on sales of investment securities climbed to N5.733bn from N2.61bn; just as net losses from financial instruments at fair value stood at N3.135bn from N11.117bn gains in 2017.

The group earned dividend income of N2.312bn during the period, representing 12.62% from N2.053bn; other operating income dropped 17.12% from N3.901bn to N3.233bn; insurance claims for the period rose 16.73% from N4.041bn to N4.717bn.
Personnel expenses increased by 9.01% to N93.395bn from N85.678bn; depreciation of property, plant, and equipment crawled by 5.88% from N11.6bn to N12.282bn; just as amortization of intangible assets increased 27.02% from N4.201bn from N5.336bn.

Operating expenses rose from N134.799bn from N147.976bn, representing a 9.78% rise; operating profit improved by 20.66% from N54.092bn to N65.265bn; the share of profit of associates dropped from N430m to N23m.
Profit before tax, therefore, rose 19.75% up from N54.522bn in 2017 to N65.288bn; income tax expense dropped 38.67% from N9.04bn to N5.544bn; resulting in a net profit of N59.744bn, from N45.482bn in the corresponding full-year of 2017. The group is yet to achieve its 2014 level of N84.011bn net profit, which translated to EPS of N2.35.

The external auditors- PwC, as part of key audit matter drew attention to the balance sheet, where gross balance of customer loans and advances for the period stood at N2.069tr, while associated impairment reserve stood at N385bn, at a time measurement of impairment losses remains highly subjective and involves the exercise of significant judgment and use of complex models and assumptions.

Meanwhile, total assets for the period rose to N5.568tr, up from N5.236tr, with customer loans and advances of N1.683tr, down from N2.001tr; just as investment securities increased from N1.248tr to N1.663tr. Total liabilities increased from N4.562tr to N5.037tr; of which customer deposits rose from N3.143tr to N3.486tr, representing a N343.353bn or 10.92% rise; resulting in N530.647bn shareholders’ funds, down by 21.76% from N673.719bn in 2017.

Meanwhile, qualification date for the dividend is April 22, 2019, closure of register is billed for April 23 to 29; after which shareholders are expected to consider and possibly approve the account and dividend offer at the annual general meeting on May 3. Payment is slated for May 6, 2019.

https://investdata.com.ng/2019/04/fbn-holdings-profit-up-n59-74bn-profit-on-42-drop-in-impairment-charge/

Recovery Of N5tr Outstanding AMCON Bad Debts A Collective Task, Says CEO

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, on Thursday in Abuja said the recovery of over N5tr bad debts in its books should be seen as a collective responsibility of all Nigerians.
Speaking when he received cadets from the Accounting Department of the Nigerian Defence Academy (NDA), officers and men, as well as lecturers from the academy led by Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar, Kuru said this is contrary to expectations that AMCON alone would fully recover the debts before its oncoming sunset.

In its zeal to recover the debt, he said AMCON changed its recovery strategy from negotiation to enforcement with the creation of the Asset Management Partners (AMPs) scheme. This, besides recovering over N1tr, this intervention in the banking sector protected thousands of jobs, said, besides creating thousands of other, in addition to creating 9,000 direct and indirect employment as well.
According to a statement by the corporation, the cadets visited AMCON on an excursion as part of visits to selected financial institutions where they are given the opportunity to match theory with practical realities of accounting principles in the outside world.

Kuru, who was represented by the Executive Director, Assets, Dr. Eberechukwu Uneze, lamented the attitude of typical AMCON recalcitrant debtors, urging stakeholders, including the military and other security agencies to support ongoing efforts.
The current behavior of the debtors, he said reflects the nonchalant attitude of the Nigerian populace, warning that failure to recover the debt means that the government would somehow, someday, repay with taxpayers’ money.
Such negative disposition by debtors, he continued, is responsible for the rascality experienced in the banking sector, which led to the creation of AMCON in 2010.

For him, those who think the challenge of recovering the huge debt is the sole headache of AMCON should rather rethink, because the monies actually belong to Nigerian taxpayers.
Recall that the bonds which AMCON issued to buy the toxic debts off banks enjoy the Federal Government’s (sovereign) guaranty.

The money, with which the government would repay the debts, the AMCON boss continued, could have been used to provide or improve infrastructure across the country.
He insisted that AMCON has remarkably done well against all odds since it was established and is not resting on its oars to ensure that these debtors pay what they owe the nation.

Continuing, he stressed that “with the AMP scheme, AMCON is laying a solid foundation for the stability of the financial sector because we are gradually and systemically grooming professionals that will take over the job of AMCON at sunset. Our thinking is that at the end of this assignment as mandated by the law, we would have trained highly experienced and professional agents with the requisite capacity and know-how to continue to function as asset managers in the country. This is because AMCON was not established to stay forever because that will encourage bad behaviour in banks. It also has a moral hazard, which is not good for our economy and the country,” he concluded.

While appreciating the efforts of AMCON’s management, Brigadier-General Jallo spoke of the need for collaboration between the corporation and the NDA in terms of staff training, among other areas of partnership for a mutually beneficial relationship.
He said the cadets were part of the 68 Regular Course in the Accounting Department of the NDA who were on the verge of graduating from the academy and have also visited other government Ministries, Departments and Agencies (MDAs) across four states, in line with the desire to ensure well-rounded graduates.

Photo Caption: AMCON’s Executive Director, Dr. Eberechukwu Uneze and Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar, Nigerian Defence Academy (sitting middle) with other officers and men from the academy; some senior officials of AMCON, as well as some cadets, in a group photograph at the end of the visit in Abuja, recently.

https://investdata.com.ng/2019/04/recovery-of-n5tr-outstanding-amcon-bad-debts-a-collective-task-says-ceo/

Speculation Ahead of 2019Q1 Reports, March Inflation Data May Trigger Rebound On NGSE

Market Update for April 9
Trading on the Nigerian Stock Exchange (NSE) closed with the benchmark All-Share index closing marginally down, compared to the huge losses of previous sessions. Tuesday’s oversold region is a sign that the market is resisting further decline and expecting positive information, from the government in terms of policy direction to trigger the expected reversal that is becoming long overdue after the uncertainty that pervaded the months ahead of the Presidential election.

Investdata is daily bombarded by anxious investors through phone calls, emails and text messages, among other, with questions such as whether stock prices will decline further. Our answer has remained ‘NO.’ But then, there is a 50/50 chance that the market is already at its oversold region presently and is just expecting a trigger to jumpstart the recovery. At the risk of repeating our position, Investdata analysts maintain that the market and many of the stocks are grossly undervalued at this point.

The primary challenges at the moment include the low confidence level, illiquidity and a failure on the part of government to provide the much needed direction. The last issue can be overcome very quickly by the government doing the needful by engaging the right people in the new cabinet, as well as economic managers that understand the importance of balancing fiscal and monetary policy to drive economic development and growth.

The government also cannot continue to ignore the need to ensure the proper working and good corporate governance in an important and strategic organization like the Securities & Exchange Commission (SEC). It is painful that not only did the Muhammadu Buhari administration dissolve the new board inaugurated at the time by his successor- Goodluck Jonathan, for four years, he has not reconstituted the board in all of four years, following which the organization has been run as a department in the Ministry of Finance.

Worse still, all by one member of the management team today is in acting capacity and yet, the government is quick to appoint boards for the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). It then shows the scant importance attached to the Nigerian capital market by this administration, no wonder its treatment with such disdain.

NSE Daily Time Frame at OVERSOLD region of 21.69point
A key piece in the continuation of the global economic recovery will be a weaker dollar. It will drive a more balanced U.S. and global economy, and it will reflect strength in emerging markets (i.e. capital flows toemerging markets). The higher U.S. rates have meant a stronger dollar. With global central banks moving in opposite directions in recent years, capital has flowed to the United States. But the emerging markets have suffered under this situation, with money flowing out from emerging market economies and in the process weakening them, their currencies and leading to growth in their foreign currency denominated debts.

Also, the oscillation in oil price between $60 and $70 is good for Nigeria, if only our economic policy will empower private sector and government reduces the rate of borrowing to allow funds flow in the system.
The NSE index opened the trading on the downside in the morning and remained down nearly all day, touching intraday low of 28,989.48 basis points from a high of 29,160.11bps, before retracing up marginally in the afternoon. This reduced losing momentum and finished the day at 29,149bps on a low traded volume.

Market technicals for the day were negative but mixed, as volume traded was lower than previous day’s in the midst of negative breadth and strong buying pressure as revealed by Investdata daily sentiment report, showing a buy volume of 94% and 6% sell position of the total daily transaction volume index of 0.95.

The forces behind the day’s market performance was very weak, as shown by Money Flow Index at 12.01 points, from previous day’s 12.32bps, indicating low liquidity and lack of funds are causing low demand for stocks.

Index and Market Cap
The benchmark NSEASI for the session was down slightly by 12.78bps to close at 29,149.46bps, after opening at 29,162.24bps, representing a 0.04% decline, while market capitalization lost N4.8tr to N10.95tr, from its opening value of N10.95tr, and representing 0.04% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list of stocks. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right during this Q1 earnings season and beyond.

Downturn for the day resulted from selloffs in: Dangote Cement, Zenith Bank, FBNH Holding, Dangote Sugar, FCMB, Transcorp and Consolidated Hallmark Insurance that slightly impacted the Year-to-Date loss which extended to 7.26%. Market capitalization drop increased to N771.98bn, or 6.59%, from the year’s opening level of N11.72tr.

Bearish Sectoral Indices
All the sectoral performance indexes were in red, with NSE Insurance leading the negative with 1.78% as players took profit in CHI Plc, NEM and Niger Insurance. Followed by others sectors. Market breadth stayed negative despite the seeming drop in selloffs as decliners outnumbered advancers in the ratio of 15:12.

Market activities in volume and value were down by 17.95% and 41.85% respectively, to 374.03m shares worth N3.06bn from previous day’s 455.88m units valued at N5.26bn, which was driven by financial services and ICT stocks like: Sterling Bank, Chams, FBNH, UBA and Guaranty Trust Bank.

Guaranty Trust Bank and Chams were the best performing stocks for the day, with gains of 7.77% and 7.69% respectively, closing at N34.00and N0.28 per share on the strength of positive market sentiment and three kobo dividend. On the other hand, NEM Insurance and Ecobank Transnational Incorporated lost 9.87% and 6.67% respectively, closing at N2.10 and N10.50 each, on profit taking and general market direction.

Market Outlook
We expect a positive outing as traders speculate ahead of Q1 numbers and inflation data for March, which will give direction into how this year could turn out after seeing the weak 2018 financials.
Investors look to government’s policy direction as the market faces low liquidity problems in the ongoing earnings reporting season, vis-à-vis market and economic fundamentals.
Given the drop in the prices of major blue chips in recent times, creating entry opportunities, we expect speculative trading to shape the market direction going forward.

The volatility witnessed last week, was driven by traders and investors repositioning ahead of dividend declaration by major listed companies.
The ongoing volatility will continued as investors and fund managers rebalance their portfolios, with eyes fixed on political space and ongoing full year company earnings position and post-election market dynamics. Investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.

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

Meanwhile, we greatly appreciate participants in the Abuja Invest 2019 Post-Election Bulls & Bears held on Saturday, March 23.

The investment education train moves to Port Harcourt, Rivers State, with Chart Summit 2019!
Attend the Practical Conference on Technical Analysis Application on stock market for novices and Advance Traders, where we would take participants through:
• Understanding the momentum behind current equity movements and when to exit using SIMPLE Technical Indicators and Tools to avoid losing capital and profit.
• Understanding the dynamics of Technical Analysis and its application in stock, currency and bond markets.
• Our team of experts and time-tested resource persons will show you how you too can successfully and confidently trade and invest in stocks profitably on your own, from your phone, laptop and/or Personal Computer.
• Know what Smart Money is doing
• Know what they are buying or selling, and
• How you can buy what they are buying.


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/2019/04/speculation-ahead-of-2019q1-reports-march-inflation-data-may-trigger-rebound-on-ngse/

Investdata Daily Sentiment Report as at April 11, 2019

NSEASI buy 87% sell 13% volume index 1.05 MFI 16.96
Access buy 0% volume index 1.27 MFI 56.32
Afrprud buy � MFI 39.93
Caverton buy 0% volume index 0.86 MFI 69.70
Dangcem buy � volume index 1.32 MFI 55.97
Dangsugar buy � volume index 1.24 MFI 34.20
Eterna buy � MFI 25.22
Eti buy 0% MFI 17.13
Fbnh buy 67% sell 33% volume index 0.92 MFI 20.57
Fcmb buy 60% sell 40% MFI 43.86
Fidelity buy 0% MFI 18.48
GT buy � volume index 1.16 MFI 46.06
Honyflour buy 0% MFI 55.97
Jaiz buy 0% MFI 41.82
Lasaco buy � volume index 2.50 MFI 70.63
Lawunion buy � volume index 11.48
MFI 100.00
M&B buy � volume index 3.93 MFI 55.39
Oando buy 0% MFI 31.64
Sovereins buy � volume index 1.64 MFI 34.66
Transcorp buy 57% sell 43% volume index 11.21 MFI 69.93
Uacn buy 0% volume index 1.63 MFI 1.64
Uba buy 67% sell 33% volume index 0.88 MFI 25.51
Zenith buy 47% sell 53% MFI 25.41

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_23.html?m=1

Investdata Daily Sentiment Report as at April 9th, 2019

NSEASI buy 94% sell 6% volume index 0.95 MFI 12.01
Access buy 40% sell 60% MFI 63.10
Caverton buy � volume index 1.36 MFI 71.93
Dangcem buy 0% MFI 47.04
Dangsugar buy � volume index 0.83 MFI 32.80
Eti buy 0% MFI 15.49
Fbnh buy 0% volume index 1.86 MFI 14.69
Fcmb buy 0% MFI 40.96
Fidelity buy 0% MFI 24.42
GT buy � volume index 1.25 MFI 41.47
Oando buy 0% MFI 35.26
Sterling buy 36% sell 64% volume index 4.98 MFI 75.79
Transcorp buy 0% volume index 2.06 MFI 28.83
Uba buy � volume index 1.21 MFI 28.11
Ucap buy 0% volume index 0.96 MFI 39.62
Uniondac buy 67% sell 33% volume index 8.71 MFI 6.28
Wema buy 0% MFI 56.02
Zenith buy 25% sell 75% volume index 0.79 MFI 29.95

https://investdataltd..com/2019/04/investdata-daily-sentiment-report-as-at_11.html

Are you a small business owner in need of Digital Marketing intervention?

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Are you a small business owner in need of Digital Marketing intervention?

Call or whatsapp @
Akan Udofia
08057933767, 09020405585

https://acandav.business.site/

Are you a small business owner in need of Digital Marketing intervention?

Call or whatsapp @
Akan Udofia
08057933767, 09020405585

https://acandav.business.site/

Are you a small business owner in need of Digital Marketing intervention?

Call or whatsapp @
Akan Udofia
08057933767, 09020405585

https://acandav.business.site/