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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 10:51am |
Harvestock01: FG is supposed to be guarding that refinery like Aso Rock though. Because if anything bad happens to it, God forbid, it's going to be shattered hopes on a national scale. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 10:48am |
essentialone: Next time, I suggest adding the organization behind this (Meristem); it adds more credibility. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:21pm On Mar 27 |
jideflash: Yes, thankfully, they didn't share that too. It's very good for their Book value. Most financial services firms have that extraordinary growth in shareholders funds. We know where that's coming from. I would prefer to see a higher earnings retention percentage. But, to each mallam his kettle. High dividends payout works for them, at least, for now. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 4:42pm On Mar 27 |
yMcy56: Thanks Madam Mercy for always updating us. UCAP's PAT growth is below my expectation. It appears the subsidiaries returned a net loss. I hope there can be a turnaround in that. Its dividend growth is interesting(20%). Its dividend to earnings ratio is usually high. That makes it hard to grow its equity/reserves. For a company in the financial services sector that naturally has elevated risks, that's surprising. *Regardless, UCAP's potentials cannot be underestimated. Good one from Access bank. This seems to point to the big banks releasing very good results with good dividend payouts, relative to previous year (2022). It's also understandable that the dividend yields/payout ratios may not satisfy investors' expectations because they will likely be facing recapitalization soon. Speaking of recapitalization, the urgency around it is suspicious. Let's hope the results trickling in can feed a bull, even if it's a small one. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:55pm On Mar 26 |
yMcy56: @bolded, seems I misunderstood your post, then. Sorry about that 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:35pm On Mar 26 |
yMcy56: The scenario you're painting is not ideal for that question, Madam. The prices he bought those stocks at isn't relevant to the future gain/loss potential. As at today, he has about 50m worth of value. Equities market should be appreciated for growing his funds. But he should put emotions aside and look at the potential benefits of continuing to hold the stocks at current prices vs the yield from fixed income. In reality, it's not all black and white. I don't believe in leaving the market totally. If stocks are overvalued, I recommend you sell down and get assets with better potentials and vice versa. Of course, this is my perspective. 10 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 9:11pm On Mar 24 |
yMcy56: Just to add to what Madam Mercy has already highlighted, every listed company is supposed to declare such closed periods regardless of whether the result is good or bad. Because, someone privy to a bad result before its disclosed to the market can as well sell off. So, bottomline is: closed periods, ordinarily, only mean results are about to be released, nothing to deduce from it. 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:54pm On Mar 21 |
Druss: Or when the company goes bust. Abi I should off the mic 🎤 ? 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:42pm On Mar 21 |
megawealth01: This is really good news. I hope it translates to improved confidence in the Nigerian market. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 10:00pm On Mar 20 |
Streetinvestor2: If this turns out to be true (panic selling of forex), it should augur well for the market. But, it might also drive inflation higher. Beyond that, the major question will be if the government has deciphered means to keep forex speculation in check. Else the cycle is bound to repeat. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:50pm On Mar 20 |
Streetinvestor2: You shouldn't ignore the near general consensus that the high prices you're referencing were part of an unjustified bubble from an FA point of view. The tendency for the market to repeat errors reduces overtime. We should rather focus on why the current prices are justified. I can think of 3 or 4 justifiable drivers: lockstep improvements in FA, stocks were previously highly undervalued, excess cash in the system, substantial net-positive forex inflows into the economy. Please if there are more, Ogas, please help point out. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:39pm On Mar 20 |
BabsO2: Good one. I think revaluation should be based more on Forward EPS(earnings potentials) than book value. Like you pointed out, wildcards like impairments should be given serious consideration especially with the impact of high inflation and high exchange rates on businesses. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:24pm On Mar 20 |
Osamabinla: Thanks for this. The CBN's aim seems to be to restore confidence in the Nigerian market. Whether they are able to do that, we wait and see. But in the meantime, we can read "determination". The effect is under probability. So, if FPIs and FDI investors are convinced, it will spell good for the market generally and NGX in particular. If not, we are left with local investors who are spending more (due to inflation) on basics and business (high interest rates) with the CBN also mopping up excess cash with an increased CRR. That's bad for the market. This is my simple view of things. Unless you are 100% certain that CBN's measures will work to attract foreign investors, you will all the more appreciate as many views as possible being aired here. ** @Osamabinla, the "you" doesn't refer to you personally but to all forum members generally. 1 Like 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:09pm On Mar 20 |
thebargainhunte: Please can we allow divergent opinions on this platform? Even if you're 100% certain the uptrend will continue (of which no one can perfectly predict market direction), listening to divergent arguments and counter-arguments only strengthen your position making you a better decision maker. Fundamental Analysis has become so shallow here and I am wondering. TA and FA are important but FA is more important for long term investors and value investors. They are needed in both bull and bear markets. Don't let your desire to have your short term calls right make you degrade the value of FA from diverse perspectives. 6 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:26pm On Mar 17 |
Agbalowomeri: And I was thinking you were the one hoarding the garri. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:24am On Mar 17 |
kolaish: On the face value, UBA's Q3 2023 'Net trading and foreign exchange income' of N450b is more than its PAT of N449b. Don't expect too much for YE 2023, especially with the CBN reiterating that dividends can't be paid from forex revaluation gains. Oga Agba may still have the last laugh. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 1:16pm On Mar 16 |
As at H1 2023, UBA's African operations had contributed close to 50% of the group's earnings. The Naira has depreciated further since then, implying the percentage contribution from its African operations should have improved. UBA, Ecobank(other factors to be considered), Access(riskier expansion drive should be factored in), GTBank, Zenith, etc, who had a substantial percentage of their operations outside Nigeria before 29th May, 2023 should be given a closer look, in terms of the improved topline and bottomline these operations will translate to, as Group results are reported in naira. And this has nothing to do with forex revaluation gains/losses which are one-off. Caveat: The converse will be the case should Naira strengthen, as expected. 1 Like 1 Share
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 5:17pm On Mar 15 |
Willie2015: The rates increase is the upside, the CRR increase is the downside. **Above are for the banks. But, I believe both are good for stabilizing the economy and even putting it on better footing. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:10pm On Mar 15 |
Streetinvestor2: The CBN is in order not to allow banks use forex revaluation gains to pay dividends or for opex. It should be in a reserve account. This is because the exchange rate is not fixed and when naira stengthens, such reserves will come in handy to avoid rocking the boat. It's still part of equity and can be used to make money but shouldn't be seen as profits attributable to stakeholders. 9 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 8:26pm On Mar 14 |
Adinije: Probably you traded with a leveraged account. It can happen on NSE too. I think some stockbrokers offer margin loans. However, they may not liquidate your position without first giving you the opportunity to refinance when your position goes red. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 3:24pm On Mar 13 |
chillykelly86: I thought to refresh our memories. I also use this medium to appeal to all our Ogas who may have refrained from making inputs about stocks to please reconsider, for the sake of the innocent ones. Your inputs are invaluable. 9 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 12:16pm On Mar 13 |
yMcy56: Can providus bank afford to take in 400b plus in negative retained earnings and the impact it will have on their equity? There are few banks that can afford that. Except that value of -N400b+ negative retained earnings in the article is erroneous. Me, I no dey look that kind stock. 3 Likes |
Phone/Internet Market / Re: Tips To Identify Genuine SME DATA RESELLERS On Nairaland by chillykelly86(m): 9:59am On Mar 08 |
Please find below our current retail prices for MTN SME Data: The following rates apply for bank transfer payments only: All the listed plans are valid for 30 days except where a specific validity is indicated. MTN 500MB - 200 MTN 1GB - 340 MTN 1.5GB - 510 MTN 2GB - 640 MTN 2.5GB - 800 MTN 3GB - 900 MTN 3.5GB - 1,070 MTN 4GB - 1,180 MTN 5GB - 1,450 MTN 6GB - 1,700 MTN 7GB - 1,950 MTN 8GB - 2,250 MTN 10GB - 2,800 MTN 12GB - 3,350 MTN 15GB - 4,150 MTN 20GB - 5,500 MTN 40GB - 10,900 Balance code - *461*4# Other data types/networks' Data and airtime also available. Call/Whatsapp/SMS: 09160000290 Website: www.webtrendshub.com/data-plans Thanks and God bless you, ~Web Trends Hub team. |
Technology Market / Re: Web Trends Hub - [MTN 1GB = #340] We Sell Phones, Accessories, IT Products, etc by chillykelly86(m): 9:57am On Mar 08 |
Please find below our current retail prices for MTN SME Data: The following rates apply for bank transfer payments only: All the listed plans are valid for 30 days except where a specific validity is indicated. MTN 500MB - 200 MTN 1GB - 340 MTN 1.5GB - 510 MTN 2GB - 640 MTN 2.5GB - 800 MTN 3GB - 900 MTN 3.5GB - 1,070 MTN 4GB - 1,180 MTN 5GB - 1,450 MTN 6GB - 1,700 MTN 7GB - 1,950 MTN 8GB - 2,250 MTN 10GB - 2,800 MTN 12GB - 3,350 MTN 15GB - 4,150 MTN 20GB - 5,500 MTN 40GB - 10,900 Balance code - *461*4# Other data types/networks' Data and airtime also available. Call/Whatsapp/SMS: 09160000290 Website: www.webtrendshub.com/data-plans Thanks and God bless you, ~Web Trends Hub team. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 1:42pm On Mar 07 |
Please who has the NAFEX exchange rate on 31st December 2023? If you know how I can get such historical data, I'll be grateful if you share it. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 10:21pm On Mar 04 |
I picked an info that their tower contract is priced in dollars as a reference and that's responsible for part of the profit erosion. Unfortunately, I can't pinpoint the source and veracity of that information now. Does anyone have reliable info on this? Because if that's true, then that part of it is not one-off and will even grow. Though I expect a turnaround as I expect the Telcos will meet with NCC and raise tarrifs to pass the costs down to the end-users eventually. ositadima1: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 4:12pm On Mar 04 |
That EPS value can't be with the current 7.5 billion units listed and the results provided. The likely explanation would be that the shares outstanding was much less than 7.5b but to create liquidity with listing in view, they did a bonus issue. Bottomline is: recalculate your EPS with the current shares outstanding as you would be making a mistake to think that the Transpower listed today has an EPS of #218. KarlTom: 4 Likes |
Technology Market / Re: Web Trends Hub - [MTN 1GB = #340] We Sell Phones, Accessories, IT Products, etc by chillykelly86(m): 6:53pm On Nov 21, 2023 |
Please find below our current retail prices for MTN SME Data: The following rates apply for bank transfer payments only: All the listed plans are valid for 30 days except where a specific validity is indicated. MTN 500MB - 200 MTN 1GB - 350 MTN 1.5GB - 510 MTN 2GB - 650 MTN 2.5GB - 800 MTN 3GB - 920 MTN 3.5GB - 1,070 MTN 4GB - 1,200 MTN 5GB - 1,470 MTN 6GB - 1,750 MTN 7GB - 2,000 MTN 8GB - 2,300 MTN 10GB - 2,850 MTN 12GB - 3,400 MTN 15GB - 4,250 MTN 20GB - 5,650 MTN 40GB - 11,200 Balance code - *461*4# Other data types/networks' Data and airtime also available. Call/Whatsapp/SMS: 09160000290 Website: www.webtrendshub.com/data-plans Thanks and God bless you, ~Web Trends Hub team. |
Business / Re: How To Automate For Your SME Data Platform With Your Own Sim by chillykelly86(m): 2:47pm On Oct 06, 2023 |
[sub][/sub]Hi, please can you chat me up on Whatsapp. I'm interested in this solution. 08034424683 |
Technology Market / Re: Web Trends Hub - [MTN 1GB = #340] We Sell Phones, Accessories, IT Products, etc by chillykelly86(m): 2:00pm On Jan 26, 2022 |
Happy new year. This year, plan to save on your data subscriptions with Web Trends Hub. www.webtrendshub.com/data-plans
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Technology Market / Re: Web Trends Hub - [MTN 1GB = #340] We Sell Phones, Accessories, IT Products, etc by chillykelly86(m): 11:52pm On Sep 10, 2021 |
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