₦airaland Forum

yMcy56:
Happy New Year Sir!
Good to read this reassuring post from the TA Expert.
More blessings.

The companies concerned have denied the rumour of arrest anyway.
I even wonder why this should be a big issue in market.

https://www.nairaland.com/7965896/md-neither-detained-nor-arrested

Deadlytruth:
One of the most painful experiences in this market. One gleefully exits a stock for another only to see that which one exited rallying while that which one went into stagnant or even dropping.

Loco

KayOn1:
I thought you said best qtr EPS which would have been 1.03 for qtr2 without a caveat.
Just trying to point out that no method is foolproof & newbies should always do their DD and not depend on handouts.
Your inputs are highly appreciated.
🙏

KayOn1:
@aj8

So with your best qtr eps × 4 × 4 × 0.8, what do you think will now be the fair value of UPL?

***
I have UPL but I will not use that metric to value it as the price will be ...

DD advised.

yMcy56:
It seems one heavy weight is exiting (or cross dealing) and preventing the price from moving up, just like FCMB....
One can never know what these guys are up to sometimes.........it could be to keep the share price down to accumulate more or for whatever reasons best known to them

* Besides, JAIZ has a special situation which I don't know how the moneybag Alhajis are going to handle yet....... concerning how the recapitalization affects the bank and considering that it's an interest free bank...
*Also, the right issue might still be a factor keeping it low for now..

* One thing I Blvd is that they'll surely have their way around all these and the share price can't be kept low for ever...,...JAIZ is undervalued @CP. (1.50/1.60).

* Maybe the experts and TA gurus can help us out the more here.
* Above is just my opinion. There may be +ve twist at any time.

Heishere:
Still a bit confused boss. Why are you multiplying the EPS by 16?

aj8:
NNFM target is close. Will offload once it attains N40.00 . A price above N40.00 though possible , will not influence my holding on to the stock. I will only consider re-entry if EPS for Q3 is above N8.00 but will re-enter only if price drops below N25.00.

aj8:
For growth stocks I use eps x4 as target. I buy only when the price is significantly below this. However I calculate the estimated FY eps on the best quarter x 4 . E.g TIP . Buying only if the future looks bright.

kalkah:
Good dividends are mostly in terms of unbroken dividend payment for at least 5 years. Some analyst believe if a company cannot pay the dividend then the fundamentals is not good except for companies categorized as growth company.

AJ8 will still reply. This is a student response.
quote author=robobo post=127264615].

Hello Chief

what would you term a good dividend payment history?
is it only in term of amount? or it is in terms of % of EPS or in terms of comparision to peers in same industry? or in term of years of unbroken payments? or in term of growth to the dividend being paid?

would appreciate if you share

robobo:
.

Hello Chief

what would you term a good dividend payment history?
is it only in terms of amount? or it is in terms of % of EPS or terms of comparison to peers in the same industry? or in terms of years of unbroken payments? or in terms of growth to the dividend being paid?

would appreciate if you share

kalkah:
@AJ8, Kindly explain the calculation. I want to learn. Thanks

aj8:
Off loaded Betaglass. Targets reached. Beta glass Likely to drop back to N44.00-N48.00 range. I bought NNFM today @19.95 . Target N40.00. UBA reappraised since considerable potential upside.New target is N24.00-N31.00. Holding on.

BabsO2:
Do you think the revenues of banks in 2024 will be lower than that of 2022. Because that is what needs to be compared, as 2023 forex gains lies more in comprehensive income and should not be used for operating EPS and PE calculations as they are one off from currency translation gains in Naira. 2024 EPS will still be substantially higher that 2022 levels, hence supporting upward trend of bank share prices apart from the support of stepped up BVPS numbers from the 2023 gains.

yMcy56:
FBNH
Sighted @20!
The aggression with which these billionaires are buying!
In no time, the elephant may overtake UBA.....

* STANBIC heavy cross deals.....
Over 91M units crossed.......with N6B+ staked on it...

essentialone:
I have a feeling which is sentimental anyway . I believe many of the Banks might not want to pay the huge Company Tax of 30% from the humongous profit that will run around half a trillion by year end 2023. In my personal thinking they will buy more of their shares , then declare a huge dividend to escape the huge tax liability of 30% . The money will come back to them via dividend payment. The tax liability would have been reduced from company income tax of 30% to 10% of withholding tax .

My personal thinking anyway , so we are likely to see more purchases from them.

Locotrader:
We are firmly repositioned and waiting for the bears.
My target is UBA.
Let the bears be fast biko

yMcy56:
You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 post below:

yMcy56:
You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 posts below:

vacanci:
e be like say na FBN shares u load very well.

BabsO2:
Are you saying FBNH understated FX gains. That more gains will be delivered in FBNH full year than currently reported in Q3. While UBA already reported the all z gains and by full year FBNH FX gains will exceed UBA gains.

If so that could explain the rally in FBNH, as some vested money bags mop up available offers since they know the value. This will make them also mop the rights in full.

yMcy56:
FIRST BANK
What's behind all these heavy queues @19?
Is First Bank getting set to give UBA some good run?
Well, it once did by overtaking UBA and ACCESS......and went ahead of them in terms of share price value.

The forces behind each one will speak volume

We are watching....

*MANSARD closing in on Custodian

* AIRTEL @1694!!



Closing the gap with SEPLAT........while Seplat too is not waiting..

Streetinvestor2:
This market they funny. Do you know for long I was trying to sell nnfm at 16 plus no deal.It was after yesterday full bid I decided to check out thr result and was surprised at what I saw.Though my unit na afolabi unit and the same with ikeja hotel.
Then what is wrong with flour mill.Thr results have not been impressive

aj8:
I have the following on my buy list based on my Common Sense Entry
Wema bank entry point below N5.00. My Target 6.5-8.00
Berger Paint entry point below N10.00 . My Target N12.00-15.00
Betaglass entry point below N35.00. My Target 48.00-52.00-60.00
I sold Nestle Friday. Buy back if below N350.00 Will review if new data comes in.
My UBA target still N19.00 . Will buy more only if it dips below N12.00. I Expect it to have the most Blow out income statement for H1 of the banks based on their Foreign Currency Translation Reserves.( Second highest FCTR (N40bill plus) after First Bank’s (N50bill)


Please do your due diligence. Above are my Common Sense Entry Points.