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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:56pm On Jun 25, 2019

DeRuggedProf:
Reconstruction is always about destruction...
If in doubt, visit a Julius Berger reconstruction site....

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:53pm On Jun 24, 2019

https://puoreports.ng/2019/06/24/access-to-quality-education-wike-abolishes-fees-and-levies-for-public-primary-and-secondary-schools/?fbclid=IwAR0DoShkvKFpGmIAm5LGBKXQ0sNF4dd5u9N0NBeOy16lW-t0oekzzERQWf0

Access to Quality Education: Wike abolishes fees and levies for public primary and secondary schools
By Bachi - June 24, 20190
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In a bid to create access to quality education, Rivers State Governor, Nyesom Ezenwo Wike has announced the total abolition of all forms of fees and levies in public primary and secondary schools across the state.

Governor Wike directed State-Owned Primary and Secondary Schools to stop collecting fees and levies from students and pupils with immediate effect.

Governor Wike stated that henceforth the State Government will be sending direct allocations to all primary and secondary schools management for their operations.

He spoke on Monday during a meeting with the heads of primary and secondary schools, Rivers State Senior Secondary Schools Board and State Universal Basic Education Board at the Government House Port Harcourt.

He said: “From today henceforth, no child either in primary and secondary schools should pay fees and levies in any school across the State.

“The monies you collect from these children are just used for your personal purposes. If I hear that any school head collects any fees or levies, be they examination , NECO or WAEC fees, that school head would be sanctioned.

“We shall not only dismiss the school head who collects fees or levies, we will prosecute the person involved.

“Government will work out grants that will be sent to the schools for their regular management and operations “.

Governor Wike directed the State Ministry of Education, the Rivers State Senior Secondary Schools Board and the State Universal Basic Education Board to monitor all public schools across the state to ensure compliance.

The Governor noted that the administration funds the salaries, allowances, examinations and equipment of all public schools. He assured parents that his administration will remain committed to the provision of quality education, which is accessible to the less privileged.

“I have abolished all fees and levies and it will never happen again in our public primary and Secondary schools. Nobody should collect fees and levies from the children of the less privileged “, he said.

The school heads celebrated the new directive of the Rivers State Governor.

Simeon Nwakaudu,
Special Assistant to the Rivers State Governor, Electronic Media.
25th June, 2019.

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:54pm On Jun 21, 2019*

ahmedshehu:
Good day house,

Please, I am new to the stock market and would like to get suggestions on stocks that are currently underpriced which I can buy and keep for long term appreciation as well as a dividend payment.

I am looking forward to your responses and suggestions.

Thank you![color=#990000][/color]

1. Fidelity at current price
2. FCMB at current price
3. UBA at #6.10 below or even at current price if you don't want to wait to buy at lower price
4. Access #6.20 same as in 3 above
5. Zenith at current price
6. Afriprudent
7. Cutix cable
8. Caverton at current price
9. GTB.

4 Likes 1 Share

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:46pm On Jun 18, 2019

tonero263:
This committee was inaugurated last month 14th was supposed to submit their report 12th June, last week labour unions rejected the proposal from the govt on the adjustments, meaning their negotiations met a brick wall, right now labour unions leaders are in Geneva for ILO global meeting.... negotiations will continue when they return. My take, this govt is totally not serious about the minimum wage period. This publication is over one month old, presently there are no ministers, yet to constitute new cabinet.

https://www.legit.ng/1244067-minimum-wage-fg-committee-1-month-adjust-workers-pay.html
But did we still have any serving minister?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:16pm On Jun 13, 2019

http://saharareporters.com/2019/06/13/opec-cuts-oil-demand-outlook

https://oilprice.com

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:50pm On Jun 13, 2019*

onegentleguy:
On the flip side, if actually he meant what u re-echoed(avoid stocks in stage 4), then that means that u, @ Yayira should look to stay off some coys like FIDELITY, UBA, ZENITH and GTB, and perhaps embrace coys like JAIZ BANK and OANDO.
Well, u could if u would, but definitely not onegentleguy !!
For as long as we find it 'worthy', we shall continue to permute, albeit in spasms but strategically from the select 'souvenirs' that the market is currently dishing out.
The reason why great fruits germinate at a fast pace(when they do), is because healthy seeds were planted 'in time'.
The bears, like we have now is usually a fantastic opportunity to plant such seeds !!

But then again, like u rightly said, the make-up of that post is faulty.
@yok is'nt doing badly though !!

The analysis is purely on technical, as Yayira likely said it's based on technical analysis. But Fundamental Analysis work better at this point in time. Sound fundamental stocks with recent history of good earning, dividend payout, with positive 2019 q1 should be consider, than forecasting the direction of prices through the study of past market data, primarily price and volume.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:46pm On Jun 12, 2019*

aremso:
If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria

stcool:
Nigerian rich list that keep majority of their investment in $ are not stupid...Ask your VP.

Remembered crude oil price drop as low as 27 per a barrel, with Nigeria supply of crude oil to international market reduced to half, due to pipe line bombing. This led to reduction of inflow of dollars to Nigeria, remember that crude oil are sold in dollar. Nigeria supply of crude oil per day has increase above 1.5 million unlike when it reduces to about 800 thousand, which ushered Nigeria into recession.

Naira was sold as high as #500 + , the major things being crude oil Nigeria export reduces in quantities, while the importation didn't reduce as such, the importers travel to other country like China with dollar to import goods, this lead to reduction of dollars, the level of dollars that moved out was higher than the one coming in, which lead to higher demand of dollar.

The purchasing power of Nigerian was reduced, because then many state government find it so difficult to pay their workers, like Osun, Zamfara, Ekiti state etc. Even to Carry on with capital project. The amount of money in circulation reduced, companies share was affected.

If the quantity of crude oil Nigeria supply to the international market remains high, with crude oil price at 60 dollar and above. Am not seen dollar moving up to #500 soon, even if it moves up to that and one happen to sell his Zenith at #20 to buy dollar at #360 and keep, and later exchanges it back at #600. That mean by them Zenith will be selling at #100 with Nigeria naira been worthless.
As naira increases price of commodity will equally increase, including share price.

I remembered when 1 liter of kerosene was sold for 30 kobo, and highest denomination them was #20. The 50 kobo note and #1 note then has high value, compared with #5, #10, and #20 note of today. So therefore as naira move up to #500 against I Dollar, other commodity will move up, the amount of gain companies makes will also move up in figure.

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:39am On Jun 12, 2019

onegentleguy:
Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

Chibuking81:
ACCESS, FCMB, FIDELITY, UBA, ZENITH and GTB, you just mentioned are NSE poverty bulldozer, money making/minting machine . If you are still poor in this forum and you are not lazy but hard working and you have money in your hand. Look for above mentioned stock and fix your money now and leave it for at least 9 months. You can as well be making your monthly contribution on them, at this their give away price.

Between now and next 9 months get ready to add value to your worth, those in poor stage, with that they have invested, they will leave poor line at least to average stage, thousandnaire will become millionaire, millionaire to multimillionaire/ billionaire, because almost all the mentioned stocks will give you bonus of more than #1 for every #1 you invested on their current price, on or before next 9 months. Meaning almost all the mention stocks will rise to above 100% from their current price.

We are in bonanza period, soon we shall be moving to money transformation period as well known as bonus period.
Bonanza to Bonus

tritritri:
Ur last prophecy we knw wat happened..
Na this same over confidence make locodemy load transcorp .

Bookmark my above post, and visit it after 9 months.

1 Like 2 Shares

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:34am On Jun 12, 2019

tritritri:
Ur last prophecy we knw wat happened..
Na this same over confidence make locodemy load transcorp .

God is alive, he gave us knowledge wisdom and understanding and he also talk through us.
As far as I live on this planet earth , I guided my action and thought not to mislead anyone, or talk to favor anyone, I stand on truth. If you are doing well I will say it, likewise if you stop doing well I will also say it.

Those who said the truth received stone throw, while the truth live on, and they are been remember by their truth.
From Chibuking.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:38am On Jun 12, 2019

tritritri:
So we shd not buy now...We should come back in 9mth to come and buy 1 for every 1.? abi am wrong ?

Read the post well

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:23am On Jun 12, 2019*

onegentleguy:
Banks are truly very SMART.
If u were wondering why some banks redeemed some of their interest bearing debt, now u have the answer.
...with one of that of ACCESS bank due to be redeemed on the 24th of this month, it makes sense to believe that interest accruals on debt will only likely decelarate from here.
I forsee an improvement in the banks current ratio, enterprise value and EM.
On a broader perspective, I expect the banks particularly the 1st tiers(i'll exclude 1st bank) + some tier 2 peers to reap from this move. A few insurance coys are also in line to benefit.

On a side note, ACCESS banks present ROE is already printing @ near 20%, EM @ 3x multiple, when current price is just N6.40 !!
With similar variants seen accross FCMB, FIDELITY, UBA, ZENITH and GTB.

Well, no further comment !!

ACCESS, FCMB, FIDELITY, UBA, ZENITH and GTB, you just mentioned are NSE poverty bulldozer, money making/minting machine . If you are still poor in this forum and you are not lazy but hard working and you have money in your hand. Look for above mentioned stock and fix your money now and leave it for at least 9 months. You can as well be making your monthly contribution on them, at this their give away price.

Between now and next 9 months get ready to add value to your worth, those in poor stage, with that they have invested, they will leave poor line at least to average stage, thousandnaire will become millionaire, millionaire to multimillionaire/ billionaire, because almost all the mentioned stocks will give you bonus of more than #1 for every #1 you invested on their current price, on or before next 9 months. Meaning almost all the mention stocks will rise to above 100% from their current price.

We are in bonanza period, soon we shall be moving to money transformation period as well known as bonus period.
Bonanza to Bonus

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:36am On Jun 12, 2019*

onegentleguy:
It's sure going to be a positive for the market !!

Expect the already reducing outflows to abate further, while inflows increase. Personally, I already thought the CBN would tour this path, after the 50bps decrease in rates. ...a more relaxed stance to stem the import to export gap of capital, and act as a confidence stimulator for an already weak economy.
This would come with mixed feelings though.
On hind sight, its possible the CBN may have also decided to collapse the several fx window rate and realign with a single rate regime because of fears over the mid to long term positive prospect of oil price, a widening debt to GDP ratio compared to tax/revenue receipt, and the increasing disconnect between the fiscal, economic and real side of the economy. ...which if left unchecked, would likely take us back to another recession. The CBN is probably looking to put measures in place that would re-align(albiet literary) the probability of occurrence towards zero than 1.

We called for this move long ago. Some of our assertions then are beginning to manifest themselves.
Imagine if we had floated the currency when we ought to, I dare say we wouldn't have gone into a recession(which we are even still living in its shadow)
We have a bunch of clueless managers steering the Nigerian state.

While this move is a welcome development, its NOT enough !!
For it translate to growth and better reflect on the larger economy(which by the way, should be the key aim), the FG needs to completely deregulate the downstream oil & gas sector, beef up our revenue drive and allow for a more robust capex spend. ...otherwise real growth will likely continue to be snail pace.
But of course, our leaders won't want to... u will get the clue when u look @ the make up of the recently accented 2019 budget.

Well, at least this is a POSITIVE for the NSE.
Coming @ a time when the CBN seem to be borrowing less via T-Bill's & bonds(the next PMA slated for June 13th is expected to be ~34% less float compared to the one before it) and on the back of decreasing rates, u do not require the service of a soothsayer to tell u where the balance of excess liquidity will most likely be channelled to.
On a side note, some coys will benefit more from this move.
I love them BANKS and a few select coys !!
There are also a few coys to avoid and some to include on a watch list.

It is well !!

In the near future, it will be a win win solution to our economy as far as crude oil price remain 60 dollar and above with good supply of barrels of crude per a day. How I wish that the stock price will remain temporary at their current price between now and December for one to invest more in good and profitable companies. I have said it earlier that bear will start this year, while bull will end it, also the bull will carry on into next year, which we have witness the first face been that of bear, and next face to witness will be that of the bull, which will come up, on or before December this year.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:25pm On Jun 11, 2019

Yayira:
Chi I no see anything oo.. screenshot the picture twice.. first the banks, then the rest

Done

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:11pm On Jun 11, 2019*

https://businesspost.ng/2019/06/03/stock-recommendation-for-this-week-4/
Someone posted this link recently,
Meristem really did a nice job, in fact after going through their recommendations, I remembered something like that recommendations from Vetiva Research few years ago, which didn't waste time to come to fulfilment.
With better knowledge now on stock with my various finding, I totally agreed with this Meristem recommendations. I strongly believed on their various %, and believed that most of them will even do times two of the percentage allocated to them.

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:48pm On Jun 10, 2019*

stcool:
I cannot buy fcmb above N1.00-1.20k

So you prefer Cham that recorded profit in 2018 than FCMB that has been in business with year to year improve in earning and dividend payment, which recently acquired Legacy pension, that handle pension of civil servants, this includes some section of Rivers state civil servants and other states pension fund, they have CSL stockbroking as one of their arm. https://www.fcmb.com/node/301

FCMB might record higher EPs than Fidelity by 2019 final year goes by the level of their high jump in EPs and dividend pay out, And will likely pay higher dividend again than Fidelity in 2019 FY. https://www.proshareng.com/news/Corporate%20Results/FCMB-Declares-N14.97bn-PAT-in-2018-Audited-Results--Proposes-14-Kobo-Dividend/44617 I believed in research, remembered I have other companies that I have more interest in than FCMB, but this company is too important to ignore, for the interest of new members here.

I also do this Just to clarifying you, to avoid mistake, or buying Chimpanzee in the name of Monkey.
So you prefer Cham at 50 kobo than FCMB at #2? I was among those that talk about Cham when one of the members here mentioned them at their 20 kobo car park. But at their current price there are many companies that has better chance than them. Stocks like UBA, zenith, GTB, FCMB, Fidelity, Afriprudent.

Many have come and gone, Eterna came up for one /two season of good EPs, and started dropping down in EPs by q4 2017 and Fy 2018/ q1 2019.Likewise Dangote flour recorded increase in EPs in FY 2016 and 2017, but drop massively in all quarter in 2018, including the final year. Jberger also came up for one season and drop the next season.

Cham just record higher EPs in just 2018 final, but I doubt if 2019 final will surpass that of 2018. They will likely declare decrease in 2019 FY EPS against that of 2018 FY. Cham pls can't be compare at all with FCMB/ Fidelity.

http://phx.corporate-ir.net/phoenix.zhtml?c=217705&p=irol-dividends

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:31pm On Jun 10, 2019

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:30pm On Jun 10, 2019

stcool:
Over analysis...anyways I also have fidelity in my portfolio.
CHAMS dividend policy is good and favourable for long term. Should be selling above N1.00

Cham dividend of 3 kobo x 10 = 30 kobo ( share price of 35 kobo x 10 = #3.50) ( EPs of 8 kobo x 10 = 80 kobo)
FCMB dividend of 14 kobo x 2 = 28 kobo (share price of #1.66 x 2 = #3.32) ( EPs of 75 kobo x 2 = #1.50)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:23pm On Jun 10, 2019

DOLLARTEX:
eya,I belief chams has done like 4 trips between 0.33-0.36.the best bet is for you to take the first hit,and sell at 0.36,then set your trap at 0.33 then when it gets to 0.36 you sell the rabbit.wait again at the usual junction buy and ofload.follow it like that till it gets to 0.20 kobo buy moreeeeee!the maga that started the show in the first place must come back!cheeeeeerrrrrs

In stock I still maintain that jijo style is not encouraged.
Most of this small company will be acting as monitoring spirit. Don't be surprise, you may ended up buying at 33 kobo, their goal post will be shifted to 28 kobo verses 31 kobo. Most especially when you buy in large quantity, they will monitor you until you exit, the next thing you will see will be 40 kobo closing price.

Investment strategy pay More.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:00pm On Jun 10, 2019*

stcool:
Yes if he can afford the risk let him buy more...
CHAMS would get to .50k by Friday he can exit.

I am holding for above N1.00 and will hold some units longer!

Don't you think that cham on current price of 35 kobo is over price.

Current price 35 kobo
2018 fy EPs 8 kobo,

Compare it with fidelity and FCMB
1.Cham PLC current price 35 kobo x 10 = #3.50 (2018 fy EPs 8 kobo, EPs x 10 = 80 kobo.)
(Meaning 10 unit of Cham PLC will give you #3.50 and 8 EPs x 10 = 80 kobo)

2. Fidelity current price #1.72 (2018 fy EPs = 79.16 kobo)

3.FCMB current price #1.66 (2018 fy EPs= 75 kobo)

From this analysis fidelity and FCMB at #1.72 and #1.66 respectively has equivalent EPs of Cham PLC on 35 kobo base.
From this findings, one can say that Cham PLC at 35 kobo base is over price, since there are better stock to buy at cheaper rate.
Based on their earning, Fidelity and FCMB are selling at better bonanza price than Cham PLC. Buy one and get one Free.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:46am On Jun 10, 2019

https://africanfinancials.com/oando-nigeria-to-hold-42nd-agm-on-june-11th/
Will tomorrow 42 general meeting of Oando hold? And if it will hold, who will preside over the meeting? Is it the sacked director or the acting director?.
I personal feel that, tomorrow will be the best opportunity to conduct election for the new CEO.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:28am On Jun 10, 2019

dipoolowoo:
Oando Given Fair Hearing, Sanctions Won’t be Reversed–SEC
https://businesspost.ng/2019/06/09/oando-given-fair-hearing-sanctions-wont-be-reversed-sec/

https://thenationonlineng.net/sec-on-oando-we-followed-due-process/

SEC on Oando: we followed due process
Moses Emorinken, Abuja by Moses Emorinken, Abuja June 10, 2019 in Business, News Update

Allegations that due and statutory processes were not followed by the Securities and Exchange Commission (SEC) in the investigation of Oando Plc were debunked at the weekend.

Debunking the allegations in statement by its Head of Corporate Communications of the Commission, Mrs. Efe Ebelo, the Commission emphasized that it abided by the fundamental principle of fair hearing in the entire phases of the investigation.

The statement reads: “The attention of the SEC has been drawn to various reports questioning the regulatory authority of the SEC, and insinuating lack of due process in the investigations of Oando Plc.

“To put the records straight, the SEC hereby states as follows: Fair hearing is a paramount and fundamental principle, which the Commission as a law abiding agency adheres to in all its investigative processes.

“In the course of the investigations, communications e.g. letters and phone calls were exchanged and meetings held between the Commission and Oando Plc, requesting for its comments and explanations on issues relating to the investigations.

“The finding of the Commission was communicated to the Group Chief Executive Officer of Oando Plc by a letter dated July 10, 2017.

“The Commission subsequently engaged Deloitte & Touche to conduct a Forensic Audit of the activities of Oando Plc.

“In the course of conducting the audit, Deloitte & Touche held regular sessions with members of the Board and senior management of Oando Plc, and afforded them the opportunity to provide explanations on issues relating to the investigation.

“The Commission confirms that Oando Plc was given sufficient opportunity of being heard and accorded several opportunities to rebut the issues revealed by the investigation.”

The SEC explained that the responses given by Oando Plc, were, however, considered unsatisfactory; prompting the Commission’ decision by to penalise the company and some of the individuals related to it for violations of securities laws.

The statement went further: “The actions of the Commission were properly effected pursuant to the provisions of the Investments & Securities Act (ISA) 2007 and the SEC Rules and Regulations made pursuant to the ISA 2007.

“These facts have been properly articulated in the court process filed at the Federal High Court by the Commission in response to the suit instituted by the Group Chief Executive Officer and Deputy Group Chief Executive officer of Oando Plc.

“As the apex regulator of the Nigerian capital market, the Commission has a mandate to protect investors.

“The Commission’s recent action on Oando Plc aligns with the above cardinal mandate, as the directive for the removal of persons from the board of Oando Plc and the appointment of an interim management team to temporarily steer the affairs of the company is to protect investors and preserve stakeholder value.

“Failure, or refusal of the Commission to act in the face of the serious issues thrown up by the investigations or to reverse its directives, would undermine the Federal Government’s agenda to build strong institutions and promote the transparency and integrity of the Nigerian capital market, especially given that, these are preconditions for attracting foreign investors to the Nigerian capital market

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:32pm On Jun 09, 2019

dipoolowoo:
Oando Given Fair Hearing, Sanctions Won’t be Reversed–SEC
https://businesspost.ng/2019/06/09/oando-given-fair-hearing-sanctions-wont-be-reversed-sec/

At this junction what happen next? Who is holding the CEO mantle of Oando now, is it Wale or Sunmonu ?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:21pm On Jun 07, 2019

phemmie06:
Yes that is the minimum the stock broking you called can accept but you can try United capital, Meristem securities or Morgan. The first two is minimum of 10k while Morgan is 20k.

Morgan is #5,050 only for minimum account opening.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:57am On Jun 07, 2019

stcool:
House Who is the current CEO of Oando?

This country problem too much!

Ucheson

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:03pm On Jun 05, 2019*

OBAGADAFFI:
LoL, I have explained who the shareholders are to you.

Noticed their names:-

Sokoto shareholders

National Chairman, New Dimension Shareholder Association,

These ones are Oando supporters club .

As long as all of us are in NSE and Oando is one of the listed company, Oando matter concern all of us, we are all NSE stakeholders.
One may wish to buy Okomo oil and mistakenly place order for Oando at market price when it will be on full offer, and the order will automatically filled.

If all listed stock are sound, one need not to bothered so much in such mistake, so it's not good to have MMM kind of company listed in NSE, that's why NSE have car park, which is now 20 kobo, when a company started reporting loss, without sign of surviving soon, car park will be its next destination, until it return back to profit, then they can move up again.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:46pm On Jun 05, 2019*

"Mr Moses Igbrude, Publicity Secretary, Independent Shareholders Association of Nigeria, alleged that shareholders had suffered enough loss in Oando with no dividend and poor market pricing.

Igbrude said that court injunction could lead to long legal battles which could further affect the company’s shares price on the Nigerian Stock Exchange (NSE).

He urged the exchange to place the share price on the technical suspension to protect investors from further loss."

As for me, SEC should not place Oando on any technical suspension, let their real value show. It was placed on technical suspension before, and the moment it was lifted, manipulation started again. If their price fall to 50 kobo those concern will be eager to do something. If its place on technical suspension the CEO and his board members will not go again, they will look for all possible means to settle, and each settlement makes Oando survival difficult.

Let the CEO and his board members stay aside, let another person handle the affair from scratch. No technical suspension should be giving to Oando, let nature give them technical suspension, the way japual, Dunlop, chams before resurrecting again, and other 20 kobo stocks got their natural technical suspension.

Any investors that don't want natural technical suspension can look for opportunity to bail out, and wait to enter again if they get new good management that will manage the company well.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:31pm On Jun 05, 2019

https://t.guardian.ng/news/oando-saga-operators-seek-fg-intervention-laud-secs-audit-outcome/

Oando saga: Operators seek FG intervention, laud SEC’s audit outcome
By NAN
05 June 2019 | 12:08 pm
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.

They made the call in interviews with the News Agency of Nigeria (NAN) in Lagos

They reacted to the outcome of a forensic audit on Oando released by SEC on May 31, as well as a court injunction restraining SEC from sacking Oando’s Group Chief Executive Officer (GCEO), Mr Adewale Tinubu, and his deputy.

The operators applauded the courage of SEC’s Acting Director-General, Ms Mary Uduk, in releasing the outcome of the forensic audit.

NAN reports that following the outcome of the forensic audit, SEC on June 2 constituted an interim management team to be headed by Mr Mutiu Sunmonu for Oando Plc.

It said in a statement that Sunmonu would oversee the affairs the company and conduct an Extra Ordinary General Meeting (EGM) on or before July 1, to appoint a new board of directors.

The commission said that the new board of directors would subsequently select a management team for Oando Plc.

The commission reiterated its commitment to maintaining the integrity of the market.

However, a Federal High Court in Lagos on June 3, granted an interim injunction restraining SEC from executing the interim management in Oando.

The court injunction followed an application filed by Tinubu and his deputy, Mr Omamofe Boyo.

Tinubu and Boyo applied for the enforcement of their fundamental rights.

The court also restrained SEC from imposing a fine of N91.13 million on Tinubu and barring him and Boyo from being directors of public companies for five years.

Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said that the Federal Government would need to intervene in the matter to safeguard investors’ confidence.

Omordion said that the unfolding events between Oando and SEC could dampen investors confidence and tamper with Nigeria’s integrity.

He said that the international investment community was watching to see the manner the Oando issue would be handled.

“The way SEC and government will handle this issue will go a long way to determine the success of the nation’s drive for financial inclusion and attraction of new retail investors and foreign investors returning to the market,” Omordion state.

He also urged the government to strengthen the commission by ensuring the appointment of its board members soon.

Omordion expressed disappointment that SEC had been operating without a board for about four years and had been with an acting director-general for over a year.

Mr Moses Igbrude, Publicity Secretary, Independent Shareholders Association of Nigeria, alleged that shareholders had suffered enough loss in Oando with no dividend and poor market pricing.

Igbrude said that court injunction could lead to long legal battles which could further affect the company’s shares price on the Nigerian Stock Exchange (NSE).

He urged the exchange to place the share price on the technical suspension to protect investors from further loss.

The shareholder activist said that SEC should not allow its authority to be undermined if the outcome of the forensic audit was true.

“I will appeal to whoever that is affected to obey the directives from SEC for the sake of our investments.

“Oando as a company has suffered enough of reputational risk, adding that shareholders, for a long time, have not been paid dividend,” Igbrude said.

Mr Boniface Okezie, National Chairman, Progressive Shareholders Association of Nigeria (PSAN), told NAN: “The grass suffers when two elephants fight.”

Okezie said that SEC and Oando must maintain the peace in the interest of all stakeholders, especially retail investors.

The PSAN boss, who commended the commission for protecting investors, said that SEC should also beam searchlight on other oil companies quoted on the exchange.

Mr Shehu Mikail, National President, Constance Shareholders Association of Nigeria, said that Oando saga needed a holistic approach to restoring confidence.

“Oando saga is a big issue in the Nigerian capital market that needs a holistic approach if really we are going to adhere to the truth of corporate governance,” Mikali said.

He said that the action of SEC was in the right direction and aimed at protecting the interest of Oando shareholders.

“Foreign investors are watching the drama and local shareholders and stakeholders are also awaiting,” Mikali added.

He told NAN that the outcome of the saga would determine the direction of the capital market.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:47pm On Jun 05, 2019

Chibuking81:
The following stocks come to mind;
Zenith @#34 ( now @#20 region)
UBA @#13 (now @ #6 region)
FBNH @ #14 ( now @ #7 region)
ACCESS @ #13 ( now @ #6 region)
GTB @ #50 ( now @ #30 region)
Eterna @ #7 ( now @ #3.5 region)
UCAP @ # 3.50 ( now @ #2 region)
AFRIPRUDENT @#5 ( now @ #3.50 region)
Fidelity @ # 3.50 ( now @ #1.65 region)
FCMB @ #3.30 ( now @ 1.6 region)
Note, 70% of the above companies in their Q1 2019 result made higher EPs at their current lower price, than when they were at their higher price in 2018.

All this price was seen not more than 18 months if am correct, and most of them has shaded above 100%, and all has shaded above 50% and will still shade more on before the end of this month.

But good news still remain that all of them mentioned above will likely visit that price on or before next ten months. Those that shaded more will return back more what they lose. The effect of new minimum wage will have great positive outcome to stocks unlike recession period.

I preached about bonanza last year. This is the really time we are talking about, it started since January this year and still ongoing. Friends all stock are at their bonanza best offer and some price might still go down a little, this is a precious time to buy, ask God to deliver you from procrastination, doubting spirit and JIJO mental, all these are enemy of progress.

Mark this my post today, by this time next year 99% of all these stocks I mentioned above will return above 50%, and some will return above 100%, so if you are already in their bus please balance well, don't panic as most of them will still go down, but one thing is certain by God grace, they must all move up on or before releasing of 2019 final year result, I.e from now to 9 months.

If you have money buy more.
From Chibuking.

Chucklive:
Hello All, pls I need some advise on how to safely and profitably invest N1m in the stock market today...

I mean what stocks or other safe and profitable securities I can buy?

Thanks

Choose anyone mentioned in my quoted post and thank me later by this time next year.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:05pm On Jun 05, 2019*

austinkenneth:
Abeg oo. Any news on Dangote flour?

Even if it is a negative news let me hear please.

I put some money on this one already.

Ask stcool
As for me am not interested in their game. It is try your luck kind of game. On the neutral ground they suppose to be selling at #1 or below it, going by their recent EPs. Maybe their name might keep them to #3 the way UACN name is still holding them at #6 far below #2 were they suppose to be due to their poor performance.

Dangote flour has in their Q1 negative earning of (57.95 kobo) per a share against 31.65 kobo q1 2018. And their 2018 FY recorded a huge loss against 2017 FY.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:15am On Jun 05, 2019*

Krisuba:
That later is the best when accomplished. Becos what I have experience so far its like being on the same spot.

Fidelity comes to mind. If u did not sell when it was above or @ 2.5 . mehhn u have to carry d patient thag for a longer period!!

The following stocks come to mind;
Zenith @#34 ( now @#20 region)
UBA @#13 (now @ #6 region)
FBNH @ #14 ( now @ #7 region)
ACCESS @ #13 ( now @ #6 region)
GTB @ #50 ( now @ #30 region)
Eterna @ #7 ( now @ #3.5 region)
UCAP @ # 3.50 ( now @ #2 region)
AFRIPRUDENT @#5 ( now @ #3.50 region)
Fidelity @ # 3.50 ( now @ #1.65 region)
FCMB @ #3.30 ( now @ 1.6 region)
Note, 70% of the above companies in their Q1 2019 result made higher EPs at their current lower price, than when they were at their higher price in 2018.

All this price was seen not more than 18 months if am correct, and most of them has shaded above 100%, and all has shaded above 50% and will still shade more on before the end of this month.

But good news still remain that all of them mentioned above will likely visit that price on or before next ten months. Those that shaded more will return back more what they lose. The effect of new minimum wage will have great positive outcome to stocks unlike recession period.

I preached about bonanza last year. This is the really time we are talking about, it started since January this year and still ongoing. Friends all stock are at their bonanza best offer and some price might still go down a little, this is a precious time to buy, ask God to deliver you from procrastination, doubting spirit and JIJO mental, all these are enemy of progress.

Mark this my post today, by this time next year 99% of all these stocks I mentioned above will return above 50%, and some will return above 100%, so if you are already in their bus please balance well, don't panic as most of them will still go down, but one thing is certain by God grace, they must all move up on or before releasing of 2019 final year result, I.e from now to 9 months.

If you have money buy more.
From Chibuking.

8 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:21pm On Jun 04, 2019*

Mcy56:
When Nascon and DS were moving up that time, I just had the feelings they were pumped beyond what it should ordinarily gain.
@Michael11stock I hope you bailed out of Uacn already.

Nasco and Dangote sugar are both Alh good companies, but the moment the both crosses #10, I said bye bye to them because I know that Dangote sugar will still come down to #7 and Nasco to #9 within this year to pick those that need to be lifted up next year, after the fall their price will move up again when people least expected it.
If Olam deal fail, Dangoteflour will come down again to #4.
Much attention was given to Oando yesterday been Monday, but other stock really fall,
1.Ucap to #2.13 and might see #2.05 soon.
2.Afriprudent #3.50 and will likely see #3.20 soon.
3.Fidelity is still forming boss at #1.70 and FCMB #1.60, both will likely visit #1.5 soon.
4. UBA will still come down to #5.65, Access #5.70.
5. Oando #1.9
6. UACN #3
7. NFM #9
cool

Seriously more cash are needed to position well.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:07pm On Jun 04, 2019

masotech:
Best Way To Make Money Online $300+ Per Day In 2019 (No Money Needed
Try this how big guys are making cool money by clicking on the link below.
https:///HBGYzbc

7 Likes

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