₦airaland Forum

tritritri:
House when is the right time to buy UBA ?

For me, I will advice you to wait, you might get it soon this month at sub #5 to average down if you are already in.

swilo:
Lol, are you an English teacher ?

If you are a gambler, you'll know that a table has been prepared before you in the presence of your enemies this month.

And I shall not be harm.

So which direction

Zenith might soon visit, #20, GTB #32, Fidelity/ FCMB #1.5, UCAP, #2.50, Transcorp, #1.10, UBA, #6, ACCESS #4, but the answer still remain to average down.

Market is generally down, most stock expected to released better result disappointed. And it's making market unattractive. There is no near news to move the market forward, q1 result and half year result, most stock that fail last year will likely have better result this year.
For now market as observed will still experience some hard time this month, even the companies that released better result were not spare. But better time ahead, its time to look for cheap fundamental stock, and buy at lower price to average down.

It's well

Crude oil price now sighted at 69.19, hope this is plus to caverton since the have business with it.
https://oilprice.com

https://www.thisdaylive.com/index.php/2019/04/02/oil-price-hits-2019-high-as-concerns-over-demands-ease/?amp,
If it were before Oando will add more weight with this news, now let the weight goes to caverton.

Fidelity falling

Fidelity and FCMB will still visit 1.5 this year, before moving up again.

Princkez:
I dont really understand this market.... Caverton made good profit with good dividend, the price Is loosing while DF made a lose with no dividend the price is gaining, na wah oooo

In NSE, The more you look, they least you see.
Dangote flour is poorly manipulation, they will still fall when they are tied, Caverton will move up when the time come.

Patiently waiting for CCNN at #5, eterna at #2, Dangoteflour at #4

It's well

aremso:
then buy more of zenith, afriprud and ucap

Am waiting for UCAP at 2.2/2.30 junction ahead of next year dividend season.

Mcy56:
Just talking generally about the trend, whereby the coys that released good results were not flying. SO I mentioned carverton.

Hope you are in the bus, balance well and average down with any opportunity that comes out, at least they have dividend qualification date.
http://www.nse.com.ng/Financial_NewsDocs/25530_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MARCH_2019.pdf

locodemy:
Must you have all the stocks?

Majority here are pointing at zenith as a good buy at the current price.why don't add more to your holdings.

Caverton had a very good result and now the price going down,why don't you average down or add more.

Transcorp has won the heart of many investors including our forum here.Dont you see the current price is good for you to buy.

Are you not seeing fidelity,fcmb,ucap,Afriprud...........All these stocks are looking attractive to both local and foreign investors.

Why chibuking of all people investing in chams.Do you think technology will help this stock?

courteville is another technology stock,is it doing fine?


My brother,one or two stocks is enough for one to invest after due diligence work.

I have most of them already.
Help me bring transcorp to 1.10 junction.

locodemy:
oh......the yesterday 1kobo gain is erased this morning.

Back to value zone again.This shows weakness.

@chibuking,this stock is not good for you.If I were you,I will take this forum advice and sell off the stock now.

OK which ones are good for me, please mention them, am already in Zenith, which other ones are good?

Market time

locodemy:
If it rises to 25kobo,chibuking will be sitting at a comfortable gain if he sells.

If it rises to 25kobo and chibuking fails to sell because of dividend,he will gain the 3kobo and may not be able to bail out again until the Q1 result appear.

Who know if this company will be caverton, Transcorp of 2019..........

For me I stick to strong fundamentals

Qualification date not yet disclosed, the date might be after q1 result, which will likely clear the doubt of those believing that the company has not bounced back to profit making.

currentprice:
chams must rise now, if no rise how mkt will take adjust the 3k dividend

Hahaha lol

Mercy come answer this question

Mcy56:
Lol. No be small thing. As Chibuking don put money there we no go rest again.
CP what do you have to say about it as well?

Am not deep there yet, but with one leg waiting for their 2019 q1 result, which suppose to show on or before the end of this month, going by NSE rule.

rebekah2011:
The other comprehensive income figure of over 500m relates to revaluation surplus recorded on intangible assets. If you look closely under other comprehensive income, you will notice that the figure came under item that will not be reclassified to profit or loss. The meaning is that this cannot be taken to be under consideration when you are computing your EPS. Hence, it cannot be paid out as a dividend. This year is my 11th year in practice as a qualified accountant and tax practitioner. So I know a bit about audited accounts when I see them. But Investing in stocks is a different ball game. One Oga said here too, that you can make money in any stock. You only have to be smart to know the type of game you are playing. But the advice that I will always give to the newbies is for them to flow with tested and durable stocks like Zenith, Gtbank, UBA, Total etc. Chams, Union Diagnostic, and their likes are just there waiting for guys to swallow. I remember way back when Union Diagnostic did their private placement, I travelled all the way from Ijebu-Ode to Lagos to try and buy. Unfortunately, I could not locate where to buy their shares then. Look at Medview Airline, when did the company list? How come they declared billions in losses in their 2018 full year? Let me just go and earn my little minimum wage so that I can find money to buy my future stocks. Good morning Sir.

Ceteris paribus, I still believed that they make gain, to pay 3 kobo even if its not 7/8 kobo as presented. Anyway their 2019 q1 result will tell the truth, whether they are moving forward or still backward.

I still appreciate your effort.

rebekah2011:
Someone mentioned here a few days ago how the CHAMS profit came about. Provisions no longer required and VAT write backs both totalled N711m. The implication is that without this the company would not have made a profit in the year under consideration.

Have gone through their result yourself, please do, check their other comprehensive earning, and total comprehensive earning. http://www.nse.com.ng/Financial_NewsDocs/25430_CHAMS_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf Check the originality of your claimed, and tell me whether they would have not make or making gained, also where will they get money to pay their dividend, if no gain is recorded.

Remembered we argued to learn.
Not an attack, but knowledge sharing.

rebekah2011:
People think that the impact of the election will reflect in the books of caverton. I laugh in swahili. Caverton just did promo for APC. The free-float of Caverton is not that much. It is still below the approved limit for listed entities. It has good contracts with Shell, but it is not the only company that operates in the Oil and Gas space. This company is a family business that is just opening up for new people to come in and the Makanjuolas owns about 84% of this entity. Please do not place all your hopes in this company ooooo.

You always find one reason to discourage people from buying, allow the companies to enjoy when they declare a good result, when they fail, they will also declare it themselves, by posting their result, and will equally receive punishment when they fail.

Mcy56:
Make I no deceive you, my eyes dey on it ooo, especially with the attention it's been getting since last week but the negative OS or something mentioned by one oga here dey make me fear am.

My sister, you can enter with one leg. As for me I have entered, their result pass through regulatory filling, before approved to be posted in the corporate action. If the negative retained earning will affect the company, their 3 kobo dividend will not have been approved to be posted, come to think of it ( even if there is manipulation in the exchange, NSE still get some standard for approving companies result with dividend), if they don't make more than 3 kobo (8 kobo) I don't think they will pay 3 kobo. Even when you deduct other comprehensive earning as that may not likely show next time, they will still have more than 4/5 kobo EPs.

First thing I did, when I first pick interest in the company was to study their business, to know what they are into, and I discovered that they are into technology, which is the moving train in the modern day society, and government, banks and all the corporate bodies needed their service, and they are among number 1, if not number 1 in their field of service. ( time will tell, as the stock is still marking time, before the forward march)

Not monkey hunting, but trying to help others discover the hidden treasure.
Caution: not recommendation, due diligence still need to apply.

Coolcash1:
I have fully entered Caverton....no looking back...

You are welcome in the bus, as we move ahead. I will look for more caverton unit @2.69/ 2.70 tomorrow, to increase my volume.
Possibly increase also my Chams PLC unit, those who ran away, will run back looking for these two bus, even willing to jump in at very high speed.
Warren Buffett once said “Fearful when others are greedy and greedy when others are fearful.”

Tolktob:
can you buy it ?

I bought it today @ 20 kobo, the stock must surely move above 22 kobo , it's begging for buyer @ 20 kobo today, soon buyers will start begging for entrance at 23/ 24 kobo, possibly this week.
Time will tell.

currentprice:
Bro today na Monday now, let keep 33 for Friday nite

am yet to see d result that will beat caverton

Caverton still the best, till road clear for Chams plc

https://www.proshareng.com/news/STOCK%20PICKS/Afrinvest-Stock-Recommendation-For-The-Week-010419/44660

I beg to disagree on accumulate position on Dangote flour, or did they recommend before releasing of their result?

People doubted it that FCMB will sell ahead of Fidelity today, but now
FCMB 1.90
FIDELITY 1.86

Some time people have difference view, I remember the days of Dangote flour, when they returned back to business, exactly what is happening now happened then, people pointed out many points against them moving forward, Dangoteflour still move foreword until last year final which they drop back , I remember many later jump into Dangote flour stock, also when Jberger returned back to profit, the same.

From look of things, Chams has returned back to profit making, and will likely maintain it for some time. All companies strategy is how to improve and move forward and Chams has started.
Time will tell