₦airaland Forum

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/24865_NOTORE_CHEMICAL_INDUSTRIES_PLC_FINANCIAL_STATEMENTS_JANUARY_2019.pdf

The investment and issuing houses that introduced this company into the NSE should have their licences revoked. How on earth should anyone value this company at N62.50?

0.06 kobo against their previous 1.21 kobo.
They should join kobo kobo group of companies.
But they are not listed in the NSE trading companies

Vita foam have good q1 result.
Moved from 13 kobo in q1 2017/2018 to 33 kobo 2018/ 2019. Paid 25 kobo with 1 for 5 bonus in their 2017/2018 final, with their close of register comes up on February 15, 2019.
https://nairametrics.com/2019/01/05/vitafoam-board-recommend-dividend-payout/

If they maintain this their q1 result their this year final dividend might cross above 50 kobo.

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/24852_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_JANUARY_2019.pdf

Bad news, they have close to the same q3 EPS with UBA
UBA Q3 EPS (2018, 1.72) ( 2017, 1.74)
NFM Q3 EPS (2018, 189,) ( 2017, 4.56)

UBA current price #7.25
NFM current price #19.00

Valueinvestor:
Am sure he wanted to buy then, but they said it's not 'bonanza' time yet

Anyway they will soon beg again at bonanza junction starting from next week

https://www.vanguardngr.com/2019/01/breaking-reps-counter-council-of-state-pass-n30-000-as-new-minimum-wage/

Breaking: Reps counter Council of State, pass N30.000 as new minimum wage ON JANUARY 29, 20191:19 PMIN NEWS6 COMMENTS By Levinus Nwabughiogu ABUJA-

House of Representatives on Tuesday approved N30.000 as new minimum wage for Nigerian workers. Minimum Wage The approval followed the consideration of the report of the new minimum wage committee at Tuesday plenary. The House also approved a clause that would make the new bill operational on the date it would be assented to by the president. Recall that a public hearing was conducted on the new bill yesterday consequent upon the accelerated hearing accorded to the Bill by the House.

By this development, the House has countered the National Council of State, NCS and the State Governors who had earlier at an emergency meeting at the Presidential Villa, Abuja approved N27.000. Meanwhile, the House has formally adjourned plenary to February 19 due to the Presidential and National Assembly elections that would hold February 16.

Read more at: https://www.vanguardngr.com/2019/01/breaking-reps-counter-council-of-state-pass-n30-000-as-new-minimum-wage/

https://www.vanguardngr.com/2019/01/breaking-reps-counter-council-of-state-pass-n30-000-as-new-minimum-wage/
This is good.

lafencer:
Na price manipulation things. If you know, you know. Watch out closing bell

Agreed with you the price was manipulated to meet up with its fellow Fidelity which was manipulated earlier to #2.50. Now both are coming down
“Fearful when others are greedy and greedy when others are fearful.” Warren Buffett

ZikkyChops:
We buy more and average down

Don't tell me that you bought above #2. When it was begging for buyers at #1.6/#1.7.

Mcy56:
Lol. My boss na you I suppose ask o.
Well, I think it depends on your investment objective but for now, its better to exercise caution.
The price has been stagnant for few days and we never smell result. Capital appreciation might still not be in sight.......my humble opinion sir.

Although I just ask, I am not a fan of insurance company.

FCMB is seriously going down, 1.95 few minutes ago
4 million + bid against 20 million offer

@ Mcy, I sighted Nem at 2.31, any view about the price?

Mcy56:
You are just tying up your capital in STI unnecessarily. Dont know what you've seen in sti for now. Anyway, na you know wetin you see there.

I don't know why my mind never welcome this Diamond/ Access deal, even to buy their stocks and keep it for a long time, my mind also don't welcome it. Anyway the insiders knows better. I will never go against my mind. For medium term both bank will not pay dividend, even if Access will pay, it will be a little and it will take them time to move up after their merger.
For now I prefer UBA and FBNH ahead of Access bank. UBA for sure, they will pay dividend, likewise FBNH will pay, and might even join it with bonus share, they are good in that.

lmm4real:
I just mistakenly bought FCMB for 2.35 using Morgan, I thought I had ticked fidelity not knowing it was fcmb.
The thing is the transaction went through at that price, the equivalent of the transaction at 2.35 was deducted from my account, but the xalat that came to my phone showed that it was bought at the current market price 2.07, is this normal?

It usually happened and can happen to anyone, always check well before hitting the submit button. Sometimes one might want to buy more without knowing that he/she is in sell order, once you press, instead of buying you will end up selling the share you never intended to sell.
Or even not changing the price in the price column.

yok:
NIGERIA STOCK MARKET GENERAL COMMENT /MSCI POSITION (NSE STOCK MARKET WEATHER REPORT) - FOR 29 JANUARY 2019

MSCI Nigeria portfolio has not changed from that of yesterday.

Monday started on a very weak bearish note, but the losers consist of some blue chips. Market breadth favoured the bears with 10 gainers and 30 losers.

NSE All Share loss for 2019 now 0.27%. Price action is now on the bearish side as shown by our price action chart below.

For Tuesday 29 January 2019, projection for the Nigeria All Share Index, expected High is 3453.54 Low at 31238.46

For now we are watching the market only, except I see exceptional opportunities , I want to remain risk averse. Today we review good entry point for UBA PLC (from the list on our radar, full list already with our subscribers). Appropriate entry and stop loss level shown on the chart to our subscribers, different from the current market price f NGN7.35.

See the update on our list of selected stock for Subscribers with updates from time to time.

First revelation of our merger candidate is out (information for subscribers only). We should start buying little by little, risk is small (company is still profitable with positive reserve and at good support point).

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. We have trading systems which will teach you what I am doing, such that you can discover good equities on your own. IO particularly recommend the “No Loss Trading System”, yes no loss, this like own Coca-Cola without Sugar (health drink for your stock investing). E-mail us for more details!!!

Your recommendations should not be only for subscribers. That means all of us that recommend here should make our recommendations go on subscribers mode.

Please if you have any recommendations make it open for all to see, that's why we are here, to help one another not to hold back information.

hannielle:
Hello all,
I am so glad i stumbled on this thread. Pls has anyone had any experience with investdataonline consulting? I need a reputable stock consulting firm to handle my investments. Thanks for your advice.

CSL stockbroker and Morgan capital stockbroker can handle your investment, contact them through their email.

Jonathan:
Isn’t this obviously a system error?
Have you ever seen a stock gain or lose more than 10% in a single day? ?

I felt so. It should be 10% not 96%.

You are right, they losses 2 kobo, 6.5%, the mistake is from Capital Assets.

I just notice a company named ROYALEX that fall today by 96% to 1 kobo, please what is their offense? Hope other kobo kobo stock will not follow suit.

Sample of CSL real time online trading

PharmAlfred:
And market slumped this morning. Guess political drama of last weekend is weighing on the market.

We keep watching.

The heat of judiciary coup is taking effect in the market, the last face of bonanza is coming so fast.

maishai:
THOUGH no broker or even nse is yet to offer real time online trading, the charges by the different brokerage houses are still fair in Nigeria compared to other regions..

I uses CSL stockbrokers, they function too like Morgan, they are in real time online trading. You can sell and buy back immediately.

You will see bid/offer price and quantity. Since Morgan will be increasing their % charge, they will be some how close to CSL, if not the same for those who negotiate with CSL and those who buy in large volume.

But for their general customers the total is 3% in both buying and selling, ( buying is around 1.45% and selling is around 1.55%)
CSL is subsidiary of FCMB, and uses FCMB for their transaction.

I will paste the screenshot sample of CSL real time online trading during the market session today.

Mcy56:
Lol. Issorite. Go meet yariya, she don prepare your favourite and waiting for you.

I will join you tonight, my Yayira didn't attend class this night.

Mcy56:
Lol. You are very correct sir. Twale!!

In fact I didn't attend class this night.

@onlygentleguy my good friend.
How do you view Oando if their price should visit #4.10/#4.20 again considering their debt, do you think that dividend payment is possible from Oando side this year?

Mcy56:
The bolded is not achievable with Customer like you sir. When last did you buy or sell? Lol. Na joke o.
You are right with if they'd made it 50%. The 100% is actually high.

Mcy56:
One of the benefits of Morgan. Once you sell you can buy with the fund immediately not that someone will wait for 3days for the fund to clear before you make us of it again.

Please let reduce the amount of praises given to them, before they will increase it by 200%, instead of reducing as we are advocating.

Mcy56:
@Onegentleguy, thanks for taking your time to investigate and communicate this discussion with Morgan Capital to us.
I just dont want to sound as if I was in support of the hike when it was mentioned here lest I be name-called or insulted.
To be frank, me and you know that there's no way the company would be able to keep up with effective service delivery considering that very low rate (since inception) and, looking at it from the angle of running costs to inflation and to many other variables........ except they have other sources of income.
Of recent, they've improved on their customer service, research and constantly striving to be ahead of happenings in the stock market and the country as a whole. Cant recall receiving various emails in the past. Also we hardly have connection issues and the like these days unless its general.
Even with the increase in commision, its still far lesser than majority of the houses.
Ironically those shouting "we wouldnt gree" are also with houses with higher commission % but no complaint on that.
Anyway, anyone that knows any broker that charges lesser than Morgan before this increase should introduce us to it.
Before una go quote me, remember say I too dey affected with the increase, no be say I happy but na my personal opinion viewing it objectively. Instead of quoting to insult, say your own opinion as well.

We like Morgan capital and want them to survive they way we are surviving, personally am not against their increase, but it must not be 100% increment in their 25% commission, but at least 50% will be ok. Hope they will stop charging #2,500 annual service charge ?
How I wish that by next year they will be no.1 in the Nigeria stockbroking rating.

Jonathan:

You don’t want me to do the job I’m “paid” to do.
Hunger go kill me o

But truly NSEM will pay you more than politics, just cool down and follow this thread irrespective of any government that is in power.
Use the money that you have received so far from them and make more money.
I will advice you to open online account with Morgan capital stockbroker.
You can reach them with info@morgancapitalgroup.com
You will never regret it.
In this group we are all brothers and sisters in lord (Bnsitl)

Please am pleading no one should mention my moniker in any political quote in this forum again, only for stock and its related issue.

Mcy56:
If I hear say Mercy no dey here!
Lol. I know say na Mercyllicious you dey refer to but make you dey distinguish am next time.
Oga, I'm not understanding why you are justifying Peter and Chibuking's political posts here when they ought to know better.
Political talk is infectious, emotion filled and aggression based, you need to visit political section to learn more.
The scenario you stated about some people not posting again is a complete deviation from what we are saying, though emotional aspect is a HCF -Chai! I still remember Arithmetics, LCM and HCF.
Anyway, kudos to oga Chibuking for making a decision to stop reduce it, make I thank Yayi too, the kind delicacy she prepared for him after she carry him commot for here xtyday must be tantalizing.

Hoping to see another round of bonanza next week. We are making money this year.

@kolaish
He has dragged your too into politics
Meanwhile My post was not purely on politics, but stock, how the current happening will affect our stock business in the new week.

From now henceforth, I will try as much as possible not to respond to any post that have no relationship with this our thread.

Mcy56:
Oga Chibu, I think you should stop these please. You are respected here more than all these trivial things.
What if you just ignore any comment against what you believe?
Concerning the CJN, there definitely is more to the story than what they wanted the masses to believe, those political opponents were just hiding under it to cause unnecessary stirs in the economy and God will not allow them to distabilize the country.
God's will will prevail IJN.

Thanks for your advice, noted.