₦airaland Forum

Investdata Daily Sentiment Report as at March 22nd, 2018

NSEASI buy 13% sell 74% volume index 0.74 MFI 24.24
Access buy 75% sell 25% volume index 2.70 MFI 83.64
Afrprud buy � volume index 0.76 MFI 59.12
Aiico buy � volume index 1.00 MFI 29.93
Cadbury buy 0% volume index 4.61 MFI 72.08
Dangcem buy 0% MFI 27.55
Dangflour buy � volume index 1.47 MFI 76.27
Eterna buy � volume index 1.15 MFI 64.34
Fbnh buy 0% volume index 0.92 MFI 73.71
Fcmb buy 33% sell 67% MFI 34.17
Fidelity buy 91% sell 9% volume index 0.84 MFI 60.79
GT buy 19% sell 81% MFI 67.03
Mben buy � volume index 1.84 MFI 34.94
Oando buy � MFI 53.15
Royalex buy 50% sell 50% volume index 1.50 MFI 21.02
Seplat buy 0% volume index 3.55 MFI 0.00
Sovereins buy � MFI 73.36
Sterling buy � MFI 71.23
Transcorp buy 75% sell 25% MFI 61.27
Uba buy 0% volume index 0.90 MFI 56.85
Wapic buy 0% volume index 1.05 MFI 61.50
Wema buy � volume index 0.74 MFI 33.18
Zenith buy 23% sell 77% volume index 0.86 MFI 66.80

https://investdataltd..com/2019/03/investdata-daily-sentiment-report-as-at_22.html

Bad Loans: AMCON MD Seeks Reintroduction Of Failed Bank Act

Miffed perhaps by the unwillingness of recalcitrant debtors to repay huge toxic loans purchased from banks about 10 years ago or more, chief executive of the Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, on Wednesday in Lagos, urged the Federal Government to consider reviving the Failed Bank Act 1994.

Kuru who hosted officials of Risk Management Association of Nigeria (RIMAN) at AMCON Lagos office, said reintroducing the Act into the country’s financial system will curtail the current trend of financial rascality on the part of some bankers, besides making operatives in the sector accountable for their actions.

The Failed Banks (Recovery of Debts) And Financial Malpractices in Banks 1994 No. 18 was promulgated by the regime of General Sanni Abacha, following the rising rate of bank failures in the country. Under the law, a person convicted or against whom a judgment is given could within 21 days of the conviction or judgment, appeal to a SpeciaL Appeal Tribunal established under the Recovery of Public Property (Special Military Tribunal) Decree 1984, as amended, in accordance with the provisions of that Decree. The decision of the Special Appeal Tribunal was final and, where there is no appeal, the decision of the tribunal shall be final.

Reintroducing the Act, Kuru continued, would also restore discipline to the industry in general, urging banks to immediately strengthen their risk management framework to stem the negative growth.

Having been privileged to have been on both sides of the divide – as a banker and now on the regulatory side, Kuru explained that given the huge resources available to financial institutions and the pivotal role they play to economic development makes it imperative for financial institutions to take issues of risk management seriously.

This, he continued, will prevent a recurrence of what happened during the global financial crisis, suggesting that in line with the fight against corruption, there is need to fight against impaired and arranged credits so that operators are held responsible for booking credits contrary to their credit policy, that go bad under their supervision.

One of the reasons for the failure of the banking system during the global financial crisis of 2008/2009, eventually leading to the creation of AMCON, he recalled, was the prevalence of weak risk management framework by financial institutions.

Kuru said that the trend became a baggage, which contained all sorts of bad omen for the economy including poor corporate governance structure, lack of robust risk management strategy and lack of adherence to laid down principles that govern credit approvals by financial institutions.

“I can authoritatively comment on issues relating to risk management. Immediately after the intervention of the Central Bank of Nigeria (CBN) in 2009, they insisted that risk management must be given prominence right from the Board level to the account officer.
“What we have noticed now is the lack of consequent framework to manage the risk structure. We have noticed prevalence of key men risk. Credits are booked with impunity without any intentions of being paid. The grievous impunity is taking place along the credit process.

“There is the urgent need to revisit the failed bank act so that operatives become responsible for their actions. We believe it will bring discipline to the banking industry,” he stressed.
Kuru said the damage financial institutions do to the economy when they book fictitious loans was worse than corruption adding that “AMCON is currently sitting on huge stock of non-performing loan, with banks looking for liquidity to book more loans.

“As practitioners, you need to join the campaign to bring sanity in own credit process. You can clearly see that the system is skewed towards accommodating large credits, which pose serious survival challenges to the financial institutions on failure, whilst the small credits/SME always require regulatory intervention to be accommodated.
“Given what I have seen in AMCON, we must bring both the obligors and the operators to account for the bad credits,” he added further.
RIMAN was led on the business visit by Magnus Nnoka, its President and Chief Risk Officer at Coronation Merchant Bank.

https://investdata.com.ng/2019/03/bad-loans-amcon-md-seeks-reintroduction-of-failed-bank-act/

Investdata Daily Sentiment Report as at 21 March, 2019

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

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

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

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

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

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

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

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

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

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

Increased Buy Interest, Amidst Dividend Declaration, Q1 Portfolio Repositioning

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Invest 2019 Abuja Post-Election Stock Market Workshop
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Date: March 23, 2019
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1. Outlook for 2019 and Post-Election Expectations
2. Enhancing cash flow through Playing Dividend Stocks
3. Sectoral Analysis and Projections that support Stock Prices
4. How Government Policies & Reforms influence market performance
5. How to invest in equities, using Quarterly Earnings for Profitable Returns

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

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

Investdata Daily Sentiment Report as at March 20th, 2019

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

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

THE BIG ANNOUNCEMENT!!!


2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

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

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

Limited Seat are available due to high demand for the workshop, call the numbers listed below to book your seat reservation.

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion

THE BIG ANNOUNCEMENT!!!


2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

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

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

Limited Seat are available due to high demand for the workshop, call the numbers listed below to book your seat reservation.

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion

THE BIG ANNOUNCEMENT!!!


2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

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

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

Limited Seat are available due to high demand for the workshop, call the numbers listed below to book your seat reservation.

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion

THE BIG ANNOUNCEMENT!!!


2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

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

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

Limited Seat are available due to high demand for the workshop, call the numbers listed below to book your seat reservation.

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion

THE BIG ANNOUNCEMENT!!!


2019 Post-Elections Bulls & Bears Workshop

In this workshop, you will discover the following:

1. Outlook for 2019 and Post-Election Expectations

2. Enhancing cash flow through Playing Dividend Stocks

3. Sectoral Analysis and Projections that support Stock Prices

4. How Government Policies & Reforms influence market performance

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

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

Limited Seat are available due to high demand for the workshop, call the numbers listed below to book your seat reservation.

Call 08028164085,08032055467
*REGISTRATION IS FREE*

Dedicated to Your Financial Success
Ambrose Omordion

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Transcorp Hotels Shareholders Approve N1.14bn Total Dividend

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

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

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

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

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

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

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

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

•As Shareholders Approve N87.91bn Dividend

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Investdata Daily Sentiment Report as at March 19, 2019

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

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

Are You Joining Us?

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

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

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

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

They include:

A. How to identify stocks that are outperforming the market

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

C. Avoiding BEAR/BULL traps in 2019 my favorite

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

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

Dedicated to Your Financial Success
Ambrose Omordion

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

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

Is This your Investment Archetype?

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

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

The thinkers
The Action Takers

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

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

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

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

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

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

Appeal Court Affirms SEC Regulatory Oversight On Public Companies

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Theadd Cee Investment Nig Ltd

Perfect Grade product is a registered brand of Theadd Cee Investment Nig Ltd. We are an Established Limited Liability Company with our operational Head Office located in Lagos State and branch office in Anambra State.

Our business growth has been tremendous in the past 22 years and a market leader in the automobile spare part industries in Nigeria. We are major distributors of Motorcycle Spare Parts, Tri-Cycle Spare Parts and Agricultural Spare Parts.

Our strength relied upon Team Spirit, Product Knowledge, Technical Know-how, and Efficient after Sales Service Delivery, Sales of Quality Product Brand and Good Customers Relation. Perfect Grade products have being in the market since 1998 and are on high demand

Product Line:
Chain and Rings,
Chain and Sprockets,
Piston and Rings,
Ball Bearings,
Tyre and Tubes,
Batteries,
Brake Shoes,

Head office Address: Zone E, Block 2A Shop 9/22, Aspanda Plaza, Trade Fair Complex,Ojo, Lagos State

Branch Office: Zone 16, No 144, Nkwo Nnnewi Anambra State.
Contact Person: Mr Chima Idafum
Position: Managing Director
Phone: +2348033033625, +2347046297045, +2348033462704
Email: perfectgrade2013@yahoo.com
Website: https://perfectgrade.business.site/

Theadd Cee Investment Nig Ltd

Perfect Grade product is a registered brand of Theadd Cee Investment Nig Ltd. We are an Established Limited Liability Company with our operational Head Office located in Lagos State and branch office in Anambra State.

Our business growth has been tremendous in the past 22 years and a market leader in the automobile spare part industries in Nigeria. We are major distributors of Motorcycle Spare Parts, Tri-Cycle Spare Parts and Agricultural Spare Parts.

Our strength relied upon Team Spirit, Product Knowledge, Technical Know-how, and Efficient after Sales Service Delivery, Sales of Quality Product Brand and Good Customers Relation. Perfect Grade products have being in the market since 1998 and are on high demand

Registration: 14th September, 1995

We deal of the following items ;
Sprocket/chain
Piston/rings
Engine block
Crank shaft
Ball bearing
Batteries
Brake shoes
Flange cup
Axles
Etc


Head office Address: Zone E, Block 2A Shop 9/22, Aspanda Plaza, Trade Fair Complex,Ojo, Lagos State

Branch Office: Zone 16, No 144, Nkwo Nnnewi Anambra State.
Contact Person: Mr Chima Idafum
Position: Managing Director
Phone: +2348033033625, +2347046297045, +2348033462704
Email: perfectgrade2013@yahoo.com
Website: https://perfectgrade.business.site/

Theadd Cee Investment Nig Ltd

Perfect Grade product is a registered brand of Theadd Cee Investment Nig Ltd. We are an Established Limited Liability Company with our operational Head Office located in Lagos State and branch office in Anambra State.

Our business growth has been tremendous in the past 22 years and a market leader in the automobile spare part industries in Nigeria. We are major distributors of Motorcycle Spare Parts, Tri-Cycle Spare Parts and Agricultural Spare Parts.

Our strength relied upon Team Spirit, Product Knowledge, Technical Know-how, and Efficient after Sales Service Delivery, Sales of Quality Product Brand and Good Customers Relation. Perfect Grade products have being in the market since 1998 and are on high demand

Product Line:
Chain and Rings,
Chain and Sprockets,
Piston and Rings,
Ball Bearings,
Tyre and Tubes,
Batteries,
Brake Shoes,

Head office Address: Zone E, Block 2A Shop 9/22, Aspanda Plaza, Trade Fair Complex,Ojo, Lagos State

Branch Office: Zone 16, No 144, Nkwo Nnnewi Anambra State.
Contact Person: Mr Chima Idafum
Position: Managing Director
Phone: +2348033033625, +2347046297045, +2348033462704
Email: perfectgrade2013@yahoo.com
Website: https://perfectgrade.business.site/

Theadd Cee Investment Nig Ltd

Perfect Grade product is a registered brand of Theadd Cee Investment Nig Ltd. We are an Established Limited Liability Company with our operational Head Office located in Lagos State and branch office in Anambra State.

Our business growth has been tremendous in the past 22 years and a market leader in the automobile spare part industries in Nigeria. We are major distributors of Motorcycle Spare Parts, Tri-Cycle Spare Parts and Agricultural Spare Parts.

Our strength relied upon Team Spirit, Product Knowledge, Technical Know-how, and Efficient after Sales Service Delivery, Sales of Quality Product Brand and Good Customers Relation. Perfect Grade products have being in the market since 1998 and are on high demand

Product Line:
Chain and Rings,
Chain and Sprockets,
Piston and Rings,
Ball Bearings,
Tyre and Tubes,
Batteries,
Brake Shoes,

Head office Address: Zone E, Block 2A Shop 9/22, Aspanda Plaza, Trade Fair Complex,Ojo, Lagos State

Branch Office: Zone 16, No 144, Nkwo Nnnewi Anambra State.
Contact Person: Mr Chima Idafum
Position: Managing Director
Phone: +2348033033625, +2347046297045, +2348033462704
Email: perfectgrade2013@yahoo.com
Website: https://perfectgrade.business.site/

Theadd Cee Investment Nig Ltd

Perfect Grade product is a registered brand of Theadd Cee Investment Nig Ltd. We are an Established Limited Liability Company with our operational Head Office located in Lagos State and branch office in Anambra State.

Our business growth has been tremendous in the past 22 years and a market leader in the automobile spare part industries in Nigeria. We are major distributors of Motorcycle Spare Parts, Tri-Cycle Spare Parts and Agricultural Spare Parts.

Our strength relied upon Team Spirit, Product Knowledge, Technical Knowhow, and Efficient after Sales Service Delivery, Sales of Quality Product Brand and Good Customers Relation. Perfect Grade products have being in the market since 1998 and are on high demand

Product Line:
Chain and Rings,
Chain and Sprockets,
Piston and Rings,
Ball Bearings,
Tyre and Tubes,
Batteries,
Brake Shoes,

Head office Address: Zone E, Block 2A Shop 9/22, Aspanda Plaza, Trade Fair Complex,Ojo, Lagos State

Branch Office: Zone 16, No 144, Nkwo Nnnewi Anambra State.
Contact Person: Mr Chima Idafum
Position: Managing Director
Phone: +2348033033625, +2347046297045, +2348033462704
Email: perfectgrade2013@yahoo.com
Website: https://perfectgrade.business.site/