BabsO2's Posts

Nairaland Forum › BabsO2's Profile › BabsO2's Posts

1 2 3 4 5 6 7 8 ... 32 33 34 35 36 37 38 39 40 (of 60 pages)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:27pm On Dec 04, 2023

Mpeace:
Those things are usually paid for.

For this one, maybe and maybe not.
Either way UBA Shareholder funds is growing nicely.
The statement of financial position is also growing excellently (not just only SHF) grin

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:16pm On Dec 04, 2023

yMcy56:
FBNH Full bid @24.35!

FBNH: 24.35
UBA: 21.35
ACCESS: 18.05

* TRANSCORP @6.85...

UBA - Doing well in Nigeria and Africa wink

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:53pm On Dec 03, 2023

SetrakusRa:
https://westafricaweekly.com/unity-bank-fraud-an-unfolding-story-of-nigerian-corporate-malfeasance/

Nice investigative write up.
And nothing is happening to Etuh et al as he cannot do it alone shocked

How can this affect other banks that may have those who want to use ‘The Best Way To Rob A Bank Is To Own One.’ shocked

It's a good idea to check who the auditors of the companies we invest in are.

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:15am On Dec 01, 2023

Payunsin:
Pls which stocks will you I recommend I buy this morning. Medium to long term.
I take full resposibiliies.
Ejooo

If you are not averse to risk, OANDO. That's what I will be buying, because to me it has higher probability of upside than that of downside. And the downside risk has a floor of N7.

Many banks still look good even though they have gained a lot this year. There is a very high likelihood they will continue gaining if there are no local or global disruptions. Top picks for me are UBA, FCMB & ZENITH.

NB: No one can predict local or global disruptions with a certainty. So there are risks of capital loss involved in stock investment. Not a good idea to invest money one will need within a year or two in the market.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:46am On Dec 01, 2023

BabsO2:
Indeed today's bull looks stronger than yesterday's, making October close with a nice bull run.
May the Tinubull run you talked about, be the story for November .

November finished strong with the index gaining and many portfolios gaining 5%, 10% and even more in November.

December gains looks likely with the banks trying to outbeat each other in recovery from under-valuation.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:04pm On Nov 30, 2023

stcool:
One of the most solid banks that is undervalued, but NSEMPA investors would rather chase....

They are even using an exchange rate of $1 - NGN582

Look carefully shocked

The exchange rate used for income statement is 582 But that used for statement of financial position is 776

Looked at prior years too I can see they used different translation rates for the income statement and statement of financial position but the gap was not as wide as the rates for this Q3 report. And these are audited reports. Why are they using multiple translation rates huh

Perhaps due to mix of several currencies, the face value report rates come out differently for the various statements.

On valuation basis ETI is not that relatively under-valued in comparison to Nigerian banks. It's just in the middle of the pack of valuations of Nigerian banks.

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:42am On Nov 29, 2023

Locotrader:
Anxiety and indecisions ongoing in oando right now.

Should I sell or wait going on in peoples mind

No much supply and no much demand.

Different people have different target prices for it on the sell and buy side. Overall the market price trend seem to be creeping up small small. Perhaps till a major pronouncement is made. It will be nice to know if those linked to management are secretly mopping it up.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:09am On Nov 29, 2023

BabsO2:
Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

Since the last AGM approved the Auditors for 2022 & 2023, the 2022 may come late. Perhaps in Q1 next year. Or 2022 & 2023 may come out together in 2024 Q1 or latest Q2.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:05am On Nov 29, 2023

yMcy56:
Abeg go sell sharp sharp make people wey remain know themselves...

Funny how you think something of 2021 will still be prevalent in 2023 or even 2024......and funny how you think the remaining minority shareholders will agree to 7.07 with the level of inflation from 2021 till date...

Read the OANDO FAQ very well and try to put two dots together....

Part of the excerpt reads that "if the remaining minority shareholders agree to it".
Now tell me how the remaining shareholders will agree to 7.07 when the market value as at yesterday is reading 11+.......and more importantly, when majority of them bought above 20 self...

Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:24pm On Nov 27, 2023

BabsO2:
Dividends for banks generally will likely rise next year to support growing share prices. The recapitalization must be done at fair values close to book values or even more than book values for banks like GT.

I noticed StanbicIBTC stockbrokers have raised their TP for GTCO and Zenith to N60 and N50 respectively for quite a while.

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:55pm On Nov 27, 2023*

mikeapollo:
Pray so that the judge, SEC, Wale and other stakeholders would do the right thing to favour shareholders.
At this moment, this Oando matter is not only about knowledge and information. The antics, whims, caprices, mischief, sentiments, emotions, biases of so many people are involved.
After the court judgement is come and gone, then we can go back to knowledge and information analyses
What God cannot do does not exist!

Praying is in order !!!

Even in court, they use the word pray. Also in local general meetings (AGMs inclusive) they pray at beginning and at end.

May the court answer our prayers tomorrow.

The best answer will be to strike off the whole buy out thing. And instruct minority shareholders that elect to sell to do so in the market as OANDO is one of the most actively traded stocks on the exchange. As one of the key purpose of the exchange is the disposal and buying of shares of PLCs.
Buy out case struck off and closed.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:11pm On Nov 27, 2023

yMcy56:
The Rights Issue was fixed @16 and it looks more like it's been done and dusted......
That was why FBNH pulled back to circa 16 from around 20 before now if I'm right...
Correct me if wrong....

The rights have not been done but was approved for execution. It's not a private placement that can be done secretly. So the rights is not yet done.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:09pm On Nov 27, 2023

stcool:
See how First Bank galantly over took UBA. This recapitalization is about to send shares of Nigerian banks to the moon.

The struggle for the heart of First Bank is real.

Tony Tony Tony...

Dividends for banks generally will likely rise next year to support growing share prices. The recapitalization must be done at fair values close to book values or even more than book values for banks like GT.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:59am On Nov 27, 2023

yMcy56:
FIRST BANK @22!
ZENITH @35+
UBA @21.55....
Most banks looking up........
JAIZ yet to pick....
UNITY pulling back......
FCMB still @6.80.....
Transcorp: More accumulations @6.50...

At this rate (following CBN recapitalization vision for $1T economy) current FBNH rights issue may be canceled and replaced with a fresh one at a higher price like N25 or more in a year or two.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:15am On Nov 27, 2023

Locotrader:
I have taken the risk of what I can endure it turn to loss

Welcome to the party.

Predict Oando will finish November stronger than it is right now. And gain more in share price in December.

Not an investment advice. Do your DD and manage your risks as you attempt to create wealth.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:17pm On Nov 25, 2023

Hustle1:
I agree stocks like UBA still have over 15% upside, Zenith tp is about N41 and then you still get your dividends but UBA will struggle to replicate the excellent EPS for Q2 2023 in 2024. A correction will follow a decline in revenue for some banks by mid 2024 while other companies will have the potential to support the bulls in the 2nd half of 2023.
I belief backward integration by IB should have started to mature, WAPCO, MTN and others will make investors smile by then.

If only we can have a predictable and stable FX regime, to allow more dollar inflow, the NSE will stay bullish into 2025.
Retail investors participation in the exchange is improving as seen in penny stock rallies recently, though with a lot of uninformed purchases

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.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:25pm On Nov 25, 2023

https://www.youtube.com/watch?v=Wv7Ut0ygOgA
Following Cardoso's speech at CIBN yesterday. The driver for the recapitalization is the $1T GDP target for Nigeria in the next 7 years. A need for banks to be adequately sized to serve such an economy. My take from the speech is he will follow a guided process focused strictly on KPI's and delivery of some level of stability perhaps over the next one year. A true headmaster. (Cardoso was nicknamed headmaster during BAT's tenure as Governor grin. There will most likely be strict meticulous order if that nickname is to ring true in his tenure at CBN)

My take : all banks will be close to some reasonable fair values before recapitalization in a year or two's time. For example, Zenith at +N45.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:41am On Nov 25, 2023*

*****Edited for brevity and reposted.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:44pm On Nov 24, 2023

BabsO2:
The buyer mopping up FBNH at N20 for many days no come market today. He or she created a strong support for FBNH at N20. He must be Ote$ or one of the top contending FBNH shareholders. The mop up pulled FBNH from N16 in October to N20 and delivered over 500 million Shares valued at about N10b.

The buyer returned with his bullion van today to continue mopping up FBNH at N20.

While he was away for 2 days the price dropped to N19 shocked

Is a withdrawal tactics possible to drop prices for a strategic accumulator so that accumulation prices will not go up unduly while also pulling more into the drag net. Like Danfo that is always doing as if it is moving and about to move yet it remains about the same spot. Makes those inside seat tight and those considering hopping in to hop in and not miss the bus grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:29pm On Nov 24, 2023

mikeapollo:
But Customstreet himself had cautioned on Oando in the past, saying that the buyout offer price N7.07 would likely be the eventual delisting price!
But it would be good if he now has positive intelligence about what would likely happen in Oando.

Wale spoilt what he said and readings from his body language (which looked to me like, relax, we have restored the company and paying Naira dividends will be a piece of cake soon as we earn $$$$$$s) with "it may happen it may not happen" comment he made.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:08pm On Nov 24, 2023

KayOn1:
@BabsO2
Any reason you mentioned just these 3?
FCMB has a higher BV than Fidelity though cheaper. Just asking as still trying to burnish my investment skills.

I limited my answer to the question. FCMB was not part of the question. We are still waiting for its Q3. The Q2 book value was N17.35. Many banks didn't change much between Q2&3 numbers because of impairments booked in Q3

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:05pm On Nov 24, 2023

megawealth01:
Amen oooooo

I must become a billionaire before 2023 ends

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 3:56pm On Nov 24, 2023

megawealth01:
Oando has just Monday before the long awaited judgement day

Judgement day grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 3:39pm On Nov 24, 2023

femu:
What do you feel about Zenith, Gtco, Mansard, Fidelity BUA cement and Dangcem?

I think the banks listed still have value in them based on Q3 book values per share and historical price to book ratios. Earnings per share have also improved for the banks going forward. However, there could be elevated impairment losses this year and next year due to the tough economic climate. How much this may erode value going forward, requires monitoring. Below are book values per share of the three banks based on Q3 numbers.
Zenith N61.11
GTCO N42.39
Fidelity N12.84
NB these book values can be eroded easily by impairments.

Fidelity is the weakest amongst the three based on historical price to book values.

I am not monitoring BUA Cement and Dangcement that much.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:53pm On Nov 24, 2023

UBA will not rise beyond N20 to N22 until market sees significant rise in dividends grin

Meanwhile it is witnessing very high trade volumes, some from insiders and perhaps local and foreign portfolio investors are accumulating shocked

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:43pm On Nov 24, 2023

KayOn1:
Wait till market correction shows. How do you justify Neimeth doing over 30% within a week with ... if not TA.
Reason I can't thank BullBearMkt enough to opening my eyes to what was missing component in my trade setup.

I don't see any market correction in the horizon as long as the oil price stays strong above $70.

Stocks like UBA, many banks and a couple of other stocks have not reached fair prices. But a few stocks are trading in a PE bubble and may correct as investors and traders do their thing. The devaluation this year has propped up the valuation of many banks and reset share prices up in devalued Naira with not much to correct. However, for banks one needs to look out for potential rise in impairment charges that could lead to valuation losses and potential share price drops if it happens severely.

4 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:33am On Nov 24, 2023

Agbalowomeri:
This your monkey hunting na wa o

Trade volumes of Oando is in billions per week sometimes. And has clocked many billions monthly this year. Not a N1 to N10 million MH stock. grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:28am On Nov 24, 2023*

ProphetUtuocha:
My prediction on Oando:
- No delisting - court seating will come and go next week. No shaking
- 2022 result will soon be released and will show improvements on key benchmarks
- 1Q, 2Q and 3Q 2023 results will be impressive and will reveal a rebounced, refocused and healthier company
- The market will respond positively
- The company may be heading to join the 1 trillion naira club
- Remember: "thou shall seek Oando, but will not find it"

Note: Please do your due diligence.

Amin to the prediction (prophecy) uttered.

May the price not go below N12 again. Bye Bye to single digit Naira price. Like Transcorp wey you predict moons ago become 5 bagger 6 bagger today as Transcorp mature small. May Oando deliver multiple baggers too, come add better naira dividend join as him mature small. May Oando resume dividend payments next year as him mature small.

Amin.

grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:59pm On Nov 23, 2023

I got UBN buy out of N7.70 payment today labelled as DIV_57.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:30pm On Nov 23, 2023

mikeapollo:
You be correct gambler!
Oando all the way.

You are consistent on Oando. The gamble has matured, and the direction should be clear very soon, perhaps after two more trading days.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:25pm On Nov 23, 2023

megawealth01:
Those that refused to sell their DANGSUGAR at #60+ who bought at km20+ una dey try sha

This is DEEP

Talk your mind now. Don't divert.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:04pm On Nov 23, 2023*

megawealth01:
If I talk my mind now people will quote me tire

Like .......jjjjjjjjjj..... Oando dey mature.

That's my own talk. Talk your own grin

1 2 3 4 5 6 7 8 ... 32 33 34 35 36 37 38 39 40 (of 60 pages)