₦airaland Forum

ukay2:
It will really make one to see equity investment as gambling, and many may develop cold feet and run away forever

Diversification is the key...

At August last year, this 14.8% FGN APR 2049 was being auctioned at a discount price of 15.5%, but many investors were busy investing in NTB only...but now NTB is all time low....then confusion everywhere

OBAGADAFFI:
At last AIICO crossed One Naira.

Mcy56:
Chai!!! Peter, so you entered at the lowest pullback price?

austinkenneth:
Does anyone know what tax rate insurance companies are taxed at for corporate taxes? I'm seeing ridiculously low tax rate for a lot of insurance companies....based on their unaudited q4 2019.

I thought they're taxed at the normal rate of 30% but it is looking like it is much lower.

PharmAlfred:
Is market some supposed to be going down during earning season. Yes, the market is irrational but NSE is all shades of odds. It goes lower, people will buy more.

locodemy:
I told him.

Now,the stock can build a very strong support at 15 or may start going up.

I sense a beautiful result b4 market close.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28632_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
This is serious

RabbiDoracle:
Now people are selling off their banks. Thought they will hold till next year.

And they made newbies but Access at 12, UBA at 9.25, FCMB at 2.2.

Chibuking81:
In stock market many things are possible. Price can reverse back faster just with a little news. Poor result can do that, some companies in NSE seriously Cook their q1,2, and 3. But when it come to quarter 4 their cooking gas will finish. They will thereby pay poor dividend, only to speed off in the next q1.

I always maintain that stocks in NSE that will release a good result usually not rally as others do, and most that will perform poorly usually move with a high speed, and that needed smart jijo trader to outsmart them.

Because once their poor result comes out, all doors will be shut down, with millions of offer, without bid. Then the traders will give out all that they have ate.

onegentleguy:
The post above might be a guide.
Also add PZ to that list.

Princkez:
BUA CEMENT on full offer

Mcy56:
This 'big guy' should just get behind Zenith and allow it move up

lancee:
How u know .. Very important you check funds

onegentleguy:
With the just released H1 2019 result from ACCESS BANK(which majorly inculcated the risk-adjusted impact of asset deterioration from the merger with diamond), it will be BEST to seriously consider having ACCESS in ones investment portfolio now.(if u are yet to do that)

At 1st glance, the H1 financial print shows an all-touching boost accross all revenue and earnings line with a pointer to margins growing at a faster rate than EM at the back of an improving AsQ and AsY.

One thing that impresses me, is the current ACCRUALS RATIO(an analytical tool that aims to gauge the persistence and sustainability of a coys earnings setting aside the risk of a possible manipulation). ...which is especially useful for companies that have just expanded, following from an organic/inorganic growth or have merged/acquired an asset with a perceived low quality.
With ACCESS, current accruals ratio(both from a cashflow and balance sheet perspective) is HEALTHY.


Other KEY financial indicators also paints of a grossly underpriced asset.
Raking off all feasible risk and assuming zero growth to YE, I have a FVE of N15.7 for ACCESS. ...and quite frankly, that would be me been extremely cautious with valuation.

The same can also be said of fellow 1st tier peers, UBA and ZENITH. ...and tier 2 fellows FCMB and FIDELITY.

CAVEAT: This is no license to any sought of recommendation. ...due diligence should still remain ur 1st priority.
My advise: Pls kindly follow ur instinct.

onegentleguy:
My Pleasure dear !!

onegentleguy:
Unless there is a very urgent need for fund, I will hold with UNSHAKABLE confidence if I were u.
...I wouldn't panic at all !!

I also want to believe the said price u bought is exclusive of the 25k FY 2018 dividend payout. ...given that the stock traded @ that price before the ex-dividend date.
So ur actual EP should be approx N2.70 raking off the dividend.
But even if that's not the case, I will still HOLD.
That's just me though.

My advise: Pls follow ur instinct.

austinkenneth:
I may not even wait for all those processes to start or complete. If I see a good price, I'll sell and move on.

The opportunity to latch unto this one has been there since April. Afterall, N17.5 to N22 is solid 25.7% gross gain.

No time for Registrar wahala, court-ordered meeting, waiting for final deal date etc.

Mpeace:
I kind of agree with you. I have seen it happen before. It might not even get to 22.5 until the court processes have started.