₦airaland Forum

Chibuking81:
Foreign investors in action, they don't want to be taking unaware, politician that needed money for both primary and general election are also pulling out to avoid lack of cash due to portfolio reduction, election Bear in action.

This is how MMM took their people unaware, many was planning to leave them by December while they close down by November.
Likewise in stock they know that very soon many will sell to hold on for election, so Foreign investors and politician decided to started early.

LOCODEMY and IHEDIORAMMA are ready and willing to welcome members who wishes to sell and face their business till after election.

onegentleguy:
Yes its much more humane to strive towards bettering our networth without being unduly pessimistic.
...it would at least show that one is patriotic with a human face and empathy.
However, its normal that in the stock mkt most folks who are out on the sideline with their funds will like to talk down on 'things' to infest fear on those in, so they can key in.
Those not in (the pessimist camp) would deploy several pranks and 'pray' that the mkt drops, so they'll get in at a cheap, while those in (the optimist camp) will tour the path of believing in the opposite.
It's a normal trend that can be seeing in the market globally.
So if as a mkt player, u can not live with this 'normal' trend, then the stock mkt is definitely not for u. ...put differently, the stock mkt globally knows not what it means to have a human face !!
Remember that the pessimist camp are also a part of the mkt circle. ...so u cant exclude them.




That is how stock market works, everyone wants to maximize gain. Human whatever does not apply in stock market game and that is why before one jumps into it, u must understand the nitty gritty of how it works. Immediately I qualified for dividends on all my stocks, i pulled out because 2008 memory of massive loss is still fresh in my memory and am also certain that asian tigers will pull their capital/and profits out of the market as they have made enough and this they will be doing gradually so that those that does not know out it works will be hitting their heads into it. Let the bear continue f

The solution?
It calls for some disciplinary measures and emotional management.
That's why I always advise folks to have a WORKABLE STRATEGY that's just good enough to suit ur investment style, goals/target and ur personality.
...and once u have it, just do well to stick religiously to it.
For though u won't be perfect (no one is), but u will to a very large extent know when and how to manage FEAR (with a mkt downturn) and GREED (with a mkt up rise). ...because then, u always have a clear path/guideline to follow.
That way, u wouldn't be bothered about any 'noise' from the pessimist camp !!
That's the simple solution.

There are some select clear opportunities right now in the mkt.

Regards.

Godisfaithful:
Which theory be this?

currentprice:
hmmm 22

mendes911:
Your inference is wrong sir. If exchange rate drops from 360 to 190, they have made a killing (on commodities already within the country) without putting in any effort.

Remember what happened last, investors were selling stocks and leaving the country when exchange rate was pegged at N155 only to return back when it could at N400!

mendes911:
What if those banks get nationalised?

RabbiDoracle:
He is not an ABA man.

After this encounter, Milost will write a story about Nigeria. Future will tell if it will be good or bad.

RabbiDoracle:
You have patience. That is what it will teach you.

A crocodile's patience!

RabbiDoracle:
Some experiences will leave people losing tens of millions of naira. So he better starts small and move from there.

Some people are being shaved gorimapa and razor blade come break halfway.

Eje!!!!

stockbuego:
Ibeto 6000 metric tonnes per day cement factory in Ebonyi state is almost 70 percent completion. Ibeto is seriously planing to take the cement battle to dangote's door step. He don't want to be catched unawares like what happened during cement glut war.

Chibuking81:
Flour mill and Fidelity are seriously dealing with their passengers

How far is the low, some are still looking for low. ( bottom out)

mendes911:
Zenith and GTB sitting STILL. I don't call these bears. Just minor disturbance.

rebekah2011:
Otedola is banking on his personal relationship with Dangote to tap into his refinery. I do not know if he will want to use FO or resurrect Zenon Oil or incorporate a new company to do this. It will be interesting to see what value the disposal of the business units will bring to the company. I will be surprised if it won't be a loss.

aremso:
Not Good at the current price

DeRuggedProf:
Is FO a good buy?

lmm4real:
I háve lost #1 already from Df, dont know if i should sell off or buy more.

dipoolowoo:
Shareholders Okay Sale of Forte Oil's Assets in Nigeria, Ghana
https://www.businesspost.ng/2018/05/23/shareholders-okay-sale-of-forte-oils-assets-in-nigeria-ghana/

locodemy:
I am now out of stock trading.I will not buy any more.Just watching the three i have in portfolio.Transcorp,zenith and upl.I am selling all once zenith trades around 30 again.upl 2.30 and Transcorp 1.70.I just pray for these prices to resurface again.I will be totally out.Bears will take lead for a very long time.

PAYING MORE ATTENTION IN MY BUSINESS IS MY PRIORITY NOW.

locodemy:
If bull dont come in June,there will be no bull again for this year.I am now putting more money into my biz.I dont trust stocks any longer.

locodemy:
How una see market today?
Loco is now facing business squarely since bull has refused to come.
I pity brothers that depend on stocks for survival.

Mpeace:
Na so them don dey talk since, yet money still dey burn.

Mcy56:
After the darkest night comes the dawn of a new day.

Chibuking81:
Hope tomorrow is Eterna mark down?

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

Jeez2:
May I ask how possible the bolded is...

Mcy56:
Pray for the peace of Jerusalem (Nigeria), they shall prosper that love thee.

Oga Aramco, sorry I mean Pa Aremso, I was just concerned about how these politicians could have relegated themselves to such a level as to publicly ridicule the nation all in the name of disagrement and beefing. We love airing our dirty linen in public. The video is just pathetic and funny at the same time. Anyway it is well.

However, you cant stop me from expressly transmitting my opinion in the language I want in this forum, doing so is tantamount to confusely confusing transmission of my fundamental human rights. ....... Na joke o ........ Back to stock discussion mode

currentprice:
brov, hope u read where he mention EPS, BOOKVALUE, ROAE etc, meaning he already considered share outstanding

the fact is UBA is a stock to watch. technically it has rejected 10.70 strong support zone on friday. watch uba moving up from tomorrow... though other stock is ready to join the move according to friday trade

Godisfaithful:
Aboki is the major problem of Nigeria. They are really backward except some few people among them...the president is not exempted

onegentleguy:
In the past few weeks, there had been a few calls on the coy UBA from some members here. (my humble self inclusive)
...and so I decided to do a comprehensive analysis on why the stock is a BUY.
This, with respect to its YE 2017 and Q1 2018 results.

A few breakdown;

▪ Strong earnings drive: The bank raked up a 43% and a near 50% in top and bottom line respectively as the drive for earnings and profit diversification particularly from its African subsidiaries begins to yield the much needed fruit.
▪ Stong and robust cost management efficiency: The bank seems to be ahead of the curve with the recent implementation of IFRS 9 by the CBN given that even after a near 12.9% increase in OPEX which had a strain on profit margin, a drop in loan loss charge by over 53% after a loan book clean up, and the compelling of the bank by the CBN to restate their opening equity balance downwards following the adoption of IFRS 9 from Jan 1st 2018, they still managed a solid near 20% position in net profit margin. (...well above the 15% internationally accepted standard).
▪ Gross earnings rose by an approx 18% QoQ 2017/2018, while after tax growth witnessed a near 6.3% improvement.
▪ The bank has consistently maintained a well above average growth in shareholders fund within the last 3 yrs, with an inequality pattern of Y>29.5%<35%. ...where Y is the yield on shareholders fund. In line with this, the fund grew from 448 billion to approx 529.5 billion YoY in 2017.
▪ Along this path, the bank has also seen a 3 yr consecutive growth in EPS from N1.45 to N2.30. ...book value also growing by whooping approx 92% from N8.05 to N15.48.
▪ As at Q1, the bank is trading at a 0.69k EPS, a slightly above 4.03 price earning and an above average ROAE.
▪ Within the last 3 quarters, the bank has seen a far more greater interest in net inflow of funds with practically zero outflow. ...a few core investors have actually been increasing their stake in the coy.
Looking at the current shareholding structure, the Bank of America merril lynch, STH Ltd and the Bank of New York Mellon, are currently 3 of the biggest FPIs. With the latter 3rd and another core investor, Consolidated trust funds Ltd increasing their stake to 4.4% and 4.7% in that order. The biggest stakeholders are currently with Stanbic IBTC nominees Nig Ltd and the UBA staff inv trust which holds an 11% and 7.6% stake respectively. There are presently a total of 10 core investors and FPIs with different stakes in the bank.

With a current price earnings ratio of 4.03x, a price to book ratio of 0.71x and book value of approx N15.80, UBA is presently trailing a near 35% margin of safety. (...precisely 34.4% MoS from its intrinsic value).
...this gives a Fair Price of N18.10 based on Q1. ...and which presents a juicy 59% discount from Friday's close of N11.35.
UBA is therefore a BUY from my end.

NOTE: This analysis is purely result driven and not any sort of outright recommendation. ...DD still advised as always pls.
My Verdict: Follow ur instinct.

Regards.

phemmie06:
Sir the upstream sector is not the same with the downstream sector as at last week when I checked it due to some boss post here, they are two different entities which Bloomberg proved unless they were wrong as well. But I will be pleased if there is a link to that.

Owiii:
I have just been saved by asking. I was looking at long term investment that was why I asked