₦airaland Forum

creategist:
Please @currentprice this calculation is still unclear to me. Do you mind explaining how you arrived at 22.5 please? Thanks again sir.

creategist:
Oga C.P. pls do you mind explaining how u calculater 22.5? It's not clear to me. Thanks.

bro we try to know the eps as in PAT ^453b divided by no of outstanding share ^20b

ignore this number because the PAT is wrong

murphydon:
Oga mi, I don chop small run oo, This Oyel can burn somebori ooo.

I think u have made the best decision.

currentprice:
good one bro but watch your back the bear is not done yet.

i have close my trade looking to reneter at d top if possible

I am looking to SELL at d top if chance is given

robobo:
with a FY2018 PAT of N145b and 1st quarter of N48b extrapolating, the best that could come from MTNN FY2019 wld be N200b which wld give EPS of N10 which gives P/ E ratio of 9, with a payout ratio of 80% dat is N8/ share at introductory price of N90 gives a dividend yield of 8.88%, the PBV while not available wld not look good also considering that the company is quite leveraged due to easy access to debt (probably one of the best entity any bank in Nigeria can lend to presently)and hence it is exposed to easy and favourable credit terms.

In view of the fact that the above figures qouted are the best estimate (which means the figure can only get worse and not better) then in my opinion the price of N90 had already priced in ALL FAVOURABLE FACTORS.

The rational decision (from fundamental perspective) wld be to leeave the thing alone becos there are other well tested shares in the market with more favourable metrics like div yield of 14%, p/bv less than 1, P/E of sub 5, and also favourable liquidity.

u have said it all. best post have seen on this MTN issue.

this will give clue to pple on whether to buy or not tomorrow.

if they can provide the asset and libilities side i could check my bedsheet for the fair price but not enought numbers to use for now

GonFreecss1:
I am just worried that Book value, EPS, PE, debt to assets and all other important stuffs were not mentioned, just basic stuff that don't mean anything or could mean something. Lol!

Make una trade with caution! I rather wait for their detailed Financial statement, than buy now on speculation.

I agree with u bro. i ask for the "Net asset" nobody can post it.

murphydon:
Am already in the trade Boss, hoping it plays out well, still ok to try.

good one bro but watch your back the bear is not done yet.

i have close my trade looking to reneter at d top if possible

planning to close my trade in few minute. the level is badest not allowing price to cross over with easy since last week.

I like to stay side-line to learn

pluto09:
Are you sure about this?
I am talking about net profit and not gross profit.
If PAT is 453b then eps will be 453/20 which gives us 85.6.

If that is true, mtn will be selling at a ridiculous low price at N90 as p.e will be close to 1 . impossible

how 85.6? u mean 22.5

again baded level

pluto09:
Does anyone here have an idea what is the PAT for mtn for the year 2018?

cc : Rebekah, ogg, wanaj0

rebekah2011:
453b

bro what is the net asset?

Cc Rebekah

see again o

the level go soon tire to pave way so if u wan to join this is the chance. if the levels continue defending I go carry my kaya run

infofirst:

The 61.02 has been a solid defense for the buyer. Let's see if we can do it today. Good

oyel has everything to hammer the levels pass today.

oyel found it hard to move above the levels cycle in red good for the Seller.

but price must break the green levels for smooth journey to the south

fingers cross

infofirst:
Thou shall not sleep. Am in at 62. I dey look for 60 and am alright for the day.

I enter @ 61.96 the thing no even allow me key-in all my trade finish. let see if I can still add more or i carry my kaya run if danger sighted

price now within the white and green levels

I think it time to take the risk with 100pips SL

prepare to jump out if price move above green with 40pips before SL hit.

infofirst:
You are on the new contract already. My old contract high is still 61.79. Close of this hour Tf matters then

yeah! I notice +/- 15.. though both move together

is d white zone going to hold. I will like to see it movehigher above d whity, we shall see patient is the key

fingers cross

oyel

the green levels day mad

watching to sell again

pinbar:
See why this thread could be helpful ? the name FOREX TRADE ALERTS was coined for a reason, to bring traders together and just as iron sharpeneth iron, we can help ourselves. i made extra money yesterday thanks to currentprice. I also want to say a big thank you to so many traders keeping this thread active , redsox, infofirst(by the way , thank you sir for all the help you are dishing out to new traders, i hope they will take advantage of the knowledge), pjames(your analysis is amazing, pls keep it up. i look forward to your live account) , femora(trust the account is growing smoothly) Ak284, Eddie, Tunderr... and many others .

cheers

Edd1e:
Hmm, Wise words to take note

@currentprice, top notch entry on that Oil trade, nice one boss...

bros the thing sweet no be small 3 candles on hourly gave 275pips within 3 hours. I just close all trades runs.

pinbar:
Your call gave heads up...

good one enjoy

if we no SELL at that levels weyting we gain

if you hold cash don't buy in a rush. mkt can not reverse immediately like that. it will still fall technically.. for the reversal, watch for a 3 days bonanza then bull may follow. when will the 3 day sell off going to happen? only Mr mkt knows

cash is king

Abeg let the rain continue till May 29

I have taken my own risk here. if I am right I will hold my trade well because it likely we gona break the green levels this time.

currentprice:
at the level now

let see how it react again after several attempt in the last 3 days

see the power of the green levels. she held well the price and successfully send up the price to the previous watch levels if the levels should break in the future you should know what to do.

as the price move up to that previous red and white levels. if i dont sell again wayting i gain.

it time to take the risk with 100 pips SL but watch and jump out if the price move above the white levels convincily

^
^^
^^^

$100 to $1000

my pple not ready to learn

^
^^
^^^

I have been making too much oyel post here this week. i open the last three page of this thread

time to give my CURRENCY brothers and sister space.

Thank u all

with d new candle the levels still representing the BULL very well

which ever way, at least I go learn new things

see fight at d level again

fingers cross. If this candle get rejected I expect a fat long candle to break the levels soon

at the level now

let see how it react again after several attempt in the last 3 days

with the pressure seeing so far...oyel now in position to break anything that come it way down

fingers cross