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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:16pm On May 03, 2022
RabbiDoracle:


It is simple maths.

Naira goes from say N360 to N590, this is 39% devaluation loss.

If I brought in $1m and invested in an asset that rose from N2 to N12 (e.g UCAP) , let's break it down:

At $1= N360, my fund is N360m.

Excluding fees, I get 180m units of UCAP.

Sell at average of N12 and I get N2.16B excluding fees.

That is 500% gain in naira value.

Now exchange rate is $1= N590,

Final fund will be $3.66m, increase of 266% in dollar value.

This excludes dividends from the stock which when added beats devaluation of the currency.

Questions :
-Are you not basing your assumptions on hindsight( it has already happened)
-How do you find similar asset that is yet to attain such price like UCAP?
- If there are controls, how do you take your funds out?

1st question : Use foresight, research to find the new multi-baggers

2nd question : look around and you will see value. There are people whose job is to forecast possible selling price targets.

3rd question: Leave story. grin grin



The statement simply means N590 now would have a purchasing power of N360, which is clearly a decrease in power for N590 prior to devaluation. Thus your math is wrong the percentage devaluation is not 39% but 63.89%.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 7:01am On Jun 20, 2019
DOLLARTEX:
and the stock pop 10 % on the news,investors might be banking on the fact that the new investors might want to delist since they hold 75% now.they paid femi 66 naira each for 75% stake,if them give me 50 naira for the remaining 25% is it badddddddd?

Forward ever, backward never!
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 6:58am On Jun 20, 2019
stcool:


I should not blame him because they selected themselves. You did not see how OBJ was involved in every economic decision making in the country during his time as President.

Please face front!

LOL!

Temper temper grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:28am On May 17, 2019
Mcy56:
The earlier those queuing up for mtn face reality that they cant get to buy, the earlier they moved those funds to other stocks and allow bull run. grin
That's right!
Let's create our own bull run joor since we can't get a piece of the MTN action
The only time they will give us chance is at the end like Dangflour

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:32pm On May 16, 2019
aremso:



i dey pray too ooo make all the mtn followers help me crash these stocks, make them dey enjoy their loot for mtn but as for me, ZUG is ok for me ooo

We might actually see a general bull run in the stock market

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:18pm On May 16, 2019
Chibuking81:
Even companies CEOs are bailing out to join mtn, after pumping they are now dumping/offloading to get ready for tomorrow.
The joining is where the problem will be. Already 10% up and being chased by N6.5 billion
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 4:21am On May 08, 2019
Mcy56:

So, in essence, you're saying.................... we should play on with J ? lipsrsealed grin
....but its better to watch market reaction first. smiley

Caveat updated: Nobody should quote me, na kwesion I ask cornwall. grin
Not only kwesion, what of kweyri angry
At 7pm shouldn’t you be in the kitchen doing your job; preparing to make dinner? tongue

I figured Dipo’s heading was a bit too alarmist and not mentioning some other details. The Mareva Injunction obtained by Access bank since January was an abuse of judicial process and has been lifted by the high court of Justice Aneke.
This is obviously what is causing the Japaul rally.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 6:38pm On May 07, 2019
tritritri:


More bad news ..More bull here .

Japaul Operations Under Serious Threat
https://businesspost.ng/2019/05/07/japaul-operations-under-serious-threat/
Read it carefully, better still read from PROSHARE, their article is more detailed and less sensational.

Japaul Plc’s Access Bank Burden: Excessive Charges Unhinge Relationship As FHC Vacates Mareva Order https://www.proshareng.com/news/Frauds---Scandals/Japaul-Plc%E2%80%99s-Access-Bank-Burden--Exces/45215

The case of Japaul Oil & Maritime Services Plc, who acknowledges the debt owed its bankers, Access Bank Plc but has a higher counter-claim as evidenced by the forensic report is the latest. The company has been under a MAREVA order obtained by the bank since January 15, 2019 that has all but crippled the ability of the listed entity to function as a viable going concern.

Today, the Federal High Court (FHC) in the Lagos Judicial Division before Justice C. J. Aneke, recently won a court judgment against its banker Access Bank Plc over wherein it challenged the MAREVA order successfully.

Enter The Forensic Audit

To validate its internal accounting findings, the board of Japaul approved for a forensic audit to be commissioned and engaged the services of the reputable firm of Messrs Forensic Consulting whose report was received in July 2018. The report according to the marine service company showed that Japaul had been the subject of alleged excessive bank charges to [b]the sum of N18.7bn and $94m [/b]through a review of its transaction history with the bank.

Matters in Contention

Japaul claimed in the court papers that it had approached Access Bank to complain about the exorbitant charges it noticed in its corporate account with the bank after an internal financial audit. The company requested that the excess charges be reversed and duly credited back into its account.

Recall that in Guaranty Trust Bank Plc v. Innoson Nig. Ltd.

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 9:24pm On May 03, 2019
Mcy56:

Lol. Transcorp na one kind stock, I don't know it's problem these days, it's a good jijo stock in the past. It's that oil deal news and granting of loan to Heir Holdings that made me to enter it.
It always seems as if some people are waiting in the corner to bring out plenty offers just to crash the price once they see the price going up, but it will deliver at the right time sha. grin

Written January 3rd
Wow good call.
Prophet mercy

3 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:58pm On May 03, 2019
A strange rally.
Always knew this wasn't THE PARTY but never expected such a short abrupt rally.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:32pm On May 03, 2019
kolaish:
The guess for the next sick company to go on a mini bull has started. My mind is telling me O and O may be the next one.
Let O and O wait small when we finish from the other wards we will enter it

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:25pm On May 03, 2019
Mcy56:

Over 71M bids displayed on Morgan. Dont know if its actually more than that.
Yep!
It's over 72M bids in total and rising!
wink

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:16pm On May 02, 2019
locodemy:


My sister not that I am regretting o but I see a big gap between me holding zenith Bank for 2 yrs having dividends as my only profit and a person who bought both chams and Japaul at 20kobo hoping to sell at #1.

I can't condemn any decisions made by people in this stock market again.

NEVER AND NEVER
And that is the same "fundamentally sound" Zenith that was selling for N34.00 almost 2 years ago!

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:55pm On May 02, 2019
Mcy56:
Japaul getting more and more attention..... tongue
If you like call it MH. I no get time for that. Just sharing.

Yes o. Nice one
Getting attention from genuine analysts that are relevant! grin


What is the opposite of MH? LOL
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 11:50am On May 02, 2019
rebekah2011:
Sir, go and look at payables if it increased or not. If you see accrued salaries there, please run and never look back. I just pity some folks playing kalokalo with their funds. Japaul is gone and buried. Nothing has changed in the company ooooo.
Exactly my point.
So many stocks here just bring out a little news and kalokalo starts
Seems to be the name of the game
Let’s just be wise in whatever we do.
Make sure to measure your reach whenever you enter any stock even the ones with so called “good fundamentals”
#KalokaloEverywhere.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:34am On May 02, 2019
Coolcash1:


I totally agree. This is pure raping of shareholders...There is need for a forensic audit to be carried out on the company. Admin costs continue to swallow up revenue every time.... undecided

Japaul’s result is not too shabby at all!
Turnover increased by 30% and all costs reduced drastically.
Mr Jegede seems to have turned a new leaf
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:31am On May 02, 2019
Mcy56:

Full bid now.
Japaul full bid

Peter, I tell you say you missed bargain price for transcorp, now you'll have to buy higher.

Maybe not as high as you think.
Doubt if it will reach 1.70 before “the wise” start bailing out!
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 3:35pm On Apr 26, 2019
Mcy56:

You're right boss.
Just saying that based on the fact that he was already inside DF bus but when the result came out, he quickly disposed off the remaining half he left in his portfolio, believing that the price would tank......but eventually there was strong support for it at N10+..... and also getting attention instead.
More reason I thought he could have waited to see what was pursuing him before fleeing in this instance.

Well, I knew this cos he actually mentioned it when I asked him about Oando............ before cornwall someone will be on my case now. grin
Is it Oando or DF we are discussing?
Anyway why won't he run (who go see masquerade stand LOL grin)
Masquerades here were chasing him and chief among them; you their high priestess!!
I will look for your picture and show you!

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:53pm On Apr 25, 2019
Mcy56:

So what happened in September 10, 2012?

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:45pm On Apr 25, 2019
ukay2:



Which broker?
The dreaded Morgan Capital LOL grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:44pm On Apr 25, 2019
Mcy56:

What if transcorp win?
Then the most likely scenario will be a repeat of what happened in September 10, 2012 only this time we would expect it to be better
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:40pm On Apr 25, 2019
I put up bid for Dangflour @ 14.15. I saw my bid at around the first 1.7 million quantity! The market has closed and over 2.7 million shares have been sold. My bid still remained unsold at the first 1.7 million shares . Don't get it. The trades today mostly OTC?
shocked
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:31pm On Apr 25, 2019
locodemy:


Go and make your research well,it's almost done.
I have. Why else do you think .....
We know what will happen when information gets out that BPE has awarded to Transcorp.
We know around what date this will occur
We definitely don't know who will win the bid
So what we are saying is what if Transcorp does not win the Bid?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:27pm On Apr 25, 2019
Mcy56:

Hunter became hunted. Odabor. grin
LOL
I say Odabor you say Dalu.
Only hunting for Mercy Rabbit, sorry I meant Jessica Rabbit
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:22pm On Apr 25, 2019
locodemy:


Peter this one go surprise you.Bring your offers come,we go swallow am and move on........

Next is acquisition news.
Yes we realise this - but 51% of Afam is not the birth right of Transcorp so there is no guarantee that the company will win the bid. It is a bid right? So there are other companies bidding as well, yeah? Diamond and Unicorn.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:13pm On Apr 25, 2019
Mcy56:

Never mind. grin
Really cracked my head on this, don't get it at all.
Anyway are you seeing Japaul and Chams?
Try to decipher and decode what's going to happen as the days go by.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:56pm On Apr 25, 2019
Mcy56:

You wouldnt correct decipher and decode again cos na same thing? tongue
Don't get
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:50pm On Apr 25, 2019
Mcy56:

Thank you and thanks for the meme. Can we face front now?
Your baby? Cute.
By the way Odabor to you too. Lucky Thursday. You would would would have received a haircut I mean "headcut" - just lucky today

#StillNoLove angry
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:47pm On Apr 25, 2019
Mcy56:

Thanks bros. No be today I dey see road but ......... can only be decipher by those who can decode.
Not somebody like cornwall wey go dey correct English upandan. He for don sit on some profit by now if he jumped in at 1.04 but........ grin
LOL
grin grin grin grin
We are watching now cool
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:49pm On Apr 25, 2019
mendes911:


Your "errors" dey comprehensive enough but other peoples own na whack. Abeg make we analyse stocks wey we come here for.

You no fit carry bowleg dey laugh at person wey carry knock-knee.
For the umpteenth time my friend there is no error and definitely no bow legs here
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:46pm On Apr 25, 2019
PharmAlfred:


Bush meat finally caught the hunter.
Colorful scenario my friend but hardly practical grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:40pm On Apr 25, 2019
mendes911:


It's not "they they" rather "they".
A typo?
Come on now cheesy

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