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Essentialone's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 5:35pm On Oct 10, 2024
Princkez:
hmmm...geo gini?
Geography
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 5:34pm On Oct 10, 2024
aj8:
LASACO cleared for take off based on the strategy. Buy if you can.
1.7x2 x4 = should comfortably do 100% . Target will be 4.00 for now and reappraise as we edge up.


Due diligence still necessary should incase we’ve missed something important.


Thanks to @pluto09, we overlooked a capital injection of 10bill. This recommendation is no longer valid.
How do you calculate or arrive at the Target Price of a stock? Not just for LASACO but generally
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:36am On Oct 10, 2024
yMcy56:
- Ordinarily, Lasaco is not a N2 stock, think say ive said this more than once here before.
- The person talking about dilution......which dilution?
Private placement was carried out, not the common "bring your Kobo Kobo" for Right Issue......maybe it's only 2 or 3 investors that supplied the N9bn+ self.
- Also, the fund was not supposed to be there for window dressing, it's meant for business, diversification and investment.
- Hopefully, the management will make a judicious use of the fund to add value to the company and the shareholders.
I have been waiting to read your Analysis on Lasaco. Now that I have, all is well now.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:26am On Oct 10, 2024
At this rate, it may close the week at N3.05
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:28am On Oct 10, 2024
thebargainhunte:
Stocks that deviated the most from its 52 week high are:
1. Ftn- 59% 2. Eternal - 58% 3. Morison- 55% 4. Unitybank- 51% 5. Rtbriscoe- 51% 6. Honyflour- 50% 7. Linkassure- 50% 8. Deapcap- 50% 9. Dangsugar- 49% 10. Etranzact- 46% 11. Cadbury - 46% 12. Guineains- 46% 13. Sovrenins- 46% 14. Nascon- 45%
Dangfoods no dey carry last grin grin grin
With the possible delisting of Flourmill at N70, is it still safe for me to buy HonyFlour now?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:29am On Oct 10, 2024
ositadima1:
You don finally japa? 😂
Not yet. Still sorting out that particular issue in a certain personal direction.

But even with that, when I hear all the arguments of money wey una dey make here, I go dey wonder if i fit ever catch up with una money. But life no be absolute competition. If I get anybody to compete with, na my yesterday bank account. Apart from that one. My own na to dey learn dey go.

And as for Patriotism for Nigeria, yes, nothing concern me with that one. Make Nigeria dey e lane, make me I dey my lane.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 5:36am On Oct 10, 2024
All these una argument no concern me. All of una go school pass me. All of una get money pass me. All of una speak English pass me. I no dey argue with people wey pass me. Na learn I dey learn from them.
Crime › Re: Bouncer Kills Man In Lagos Club House by essentialone(m): 12:12am On Oct 10, 2024
One idiot dead. Many more yet to die. You guys should continue going to night club. One by one, we go dey 😂
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:18pm On Oct 09, 2024
Locotrader:
There is still hope for IB but long term.
Both champion and Golden Guinea in better position to do #10 and above before IB
After exactly 14 months stagnant at one spot, Golden Guinea Breweries gains price...
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:01pm On Oct 09, 2024
Raider76:
What good news? Was it not the news of Eterna being approved as dealer for Dangote refinery that caused the rally in the first place? Now that anyone can go and buy from the refinery it should go back to its #13.
You are a Real Tomb Raider. hahahhaha N13 position From Thirty to Thirteen. Lol
Jokes Etc › Re: The Most Hilarious Statues Play-along Pictures by essentialone(m): 10:31am On Oct 09, 2024
grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:09am On Oct 09, 2024
LASACO resumes on Full Bid. Another Regency Assurance 100% loading?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:24am On Oct 09, 2024
Agbalowomeri:
Insurance firms are more stingy with dividend payments and rightfully so, because of the sector in which they operate. So, your best case scenario is not practicable.
You are right.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 4:46am On Oct 09, 2024
SonofElElyonRet:
Make i dey observe this LASACO debate... wey Mercy the Insurance sector queen? We need your input... OGG wey like insurance analysis may also contribute. Be like say outstanding shares (new owners' inclusive) is the crucial factor to consider!
What are the likely implications?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:59pm On Oct 08, 2024
KarlTom:
If true, this price is literally a buyout...
That should take the new total OS to around 11,080,000,000 shares
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:58pm On Oct 08, 2024
Streetinvestor2:
Look well madam. New owners are coming at #1.20 with 9B plus OS
What will be the implications?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 9:54pm On Oct 08, 2024
Agbalowomeri:
Are they paying out all the N1.73 as dividend or I don't understand your statement o. Even CUSTODIAN no pay that kind dividend. Maybe you meant EPS?
Agbalagba naim you be for this game naa. You for quick decode. I used Best Case Scenario which is 100% dividend payout ratio. Some companies even pay above 100% and you know naa. But it was just an example I gave.
Foreign Affairs › Re: Hussein Suhail killed In Israeli Air Strike by essentialone(m): 8:55pm On Oct 08, 2024
Svoboda:
Hezbollah is an ideology. It can't die. No matter the targeted assassinations of its echelon. Hezbollah still possesses the capabilities to strike deep in Israel and inflict significant harm.

Hamas capacity is about 20 percent of Hezbollah but has survived 13 months of unrelenting and unprecedented aerial bombardment. Yet, Hamas still sends rockets into Israel. Israel hasn't been able to decimate Hamas and rescue hostages. The war on Gaza is considered a failure from the context of destroying Hamas as an objective. How much more battle hardened Hezbollah.

In 2006, Israel was defeated in southern Lebanon. 2024 will be a repeat.
It has lasted for 13 months because it is a war and not a terrorist attack. If Israel was to be as brutal and as terrorist as Hamas, entire Gaza will be reduced to dust and ashes in less than 1 week. Get that deep into your skull. In war, you strike but take care not to over strike disproportionately. That is difference between Military and Terrorists. Same too with the Boko Haram insurgency.

To help you understand, why does Israel warn citizens to evacuate before attacking? Mention 1 Terrorist organisation in the world that warns citizens to evacuate before attacking? None.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:44pm On Oct 08, 2024
Laso09:
What is the OS before and after capital raise??
Presently, it's OS is around 1,830,000,000 units of shares
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:41pm On Oct 08, 2024
Ginalex:
This actually looks better than the 2023 Audited financials... It may be bullish tomorrow... Let's wait and see wink
If at Half Year, LASACO EPS stands at N1.73, which is already about 75.22% dividend yield of its current price of N2.30

It's dividend payout at Year End should be massive.🤔
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 4:56pm On Oct 08, 2024
From:

https://businessday.ng/insurance/article/lasaco-assurance-set-for-n11-1bn-fresh-capital/

To:

https://punchng.com/lasaco-assurance-completes-n11-1bn-capital-raising/


Lasaco Assurance Plc’s financial strength reaffirmed by GCR Ratings
Lasaco Assurance Plc, a prominent player in the Nigerian insurance sector, has once again received a reaffirmation of its A(NG) rating and Stable Outlook from Global Credit Rating (GCR), underlining its robust financial position and resilience.
This recognition comes at a time when the company has continued to navigate economic challenges with unwavering strength.
The report by GCR has accentuated Lasaco Assurance Plc’s strong risk-adjusted capitalisation and ample liquidity, highlighting its ability to withstand market volatility and maintain financial stability.
The company’s ability to not only endure but thrive in the midst of economic uncertainties solidifies its reputation as a reliable insurance provider in Nigeria.
While the GCR report identifies areas for strategic focus, such as modest competitive position and underwriting losses, the company is actively addressing these as part of its long-term growth strategy.
By proactively focusing on these areas, Lasaco Assurance Plc is positioning itself for sustained success and further strengthening its position in the market.
Looking forward, Lasaco Assurance Plc is poised for even greater financial strength, with a finalized capital injection expected to bolster its capabilities further.
This injection will undoubtedly enhance the company’s ability to continue delivering top-tier insurance services and meet its obligations.
This reaffirmation by GCR serves as a testament to Lasaco Assurance Plc’s unwavering dedication to excellence and its pivotal role as a leading force in the Nigerian insurance landscape.
With a steadfast focus on delivering top-tier insurance services, the company remains committed to prioritising the needs of its stakeholders, including customers, staff, investors, and the broader public.




LASACO safe to Buy now?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 4:53pm On Oct 08, 2024
Ginalex:
I wouldn't if I were you
https://doclib.ngxgroup.com/Financial_NewsDocs/42301_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf LASACO finally to resume trading tomorrow, after 3 months Summer Vacation. Ready to repeat the 100% rally of Regency Assurance Plc? EPS and PAT jumped high to 604% growth...
Business › Re: CBN Responds To Attempts To Misinforn Public, Asserts Role As Banking Regulator by essentialone(m): 4:51pm On Oct 08, 2024
Forkthiefnubu:
Him no no say wike and tinubu Dey work for the same office
Those asking CBN to investigate GTB, no even under Nigeria.
Travel › Re: Over 20 Feared Dead As Two Boats Collide On Lagos Lagoon by essentialone(m): 3:09pm On Oct 08, 2024
Why live in a place where you have to enter Boats? I will never ever live in such a place, even if it is my hometown.
Business › Re: CBN Responds To Attempts To Misinforn Public, Asserts Role As Banking Regulator by essentialone(m): 3:04pm On Oct 08, 2024
Reminds me of when Fubara went to report Wike to Tinubu. 😂
Crime › Re: Lagos Sex Worker Stabs Client To Death Over Service Fee (Photo) by essentialone(m): 11:55am On Oct 08, 2024
Okafor's Law
Politics › Re: Obio/Akpor: Council Boss renames building from Nyesome Wike to Obi Wali House by essentialone(m): 7:38am On Oct 08, 2024
ddippset:
This Chijoke Ihunwo seems like a very tough guy.

He's from the same LGA as Wike and he's not even scared.

For the past one year he's been firing Wike from all angles, insulting and violating him.


Who is this Chijoke Ihunwo?
Nyesom Wike has a tough mind because he is from Obi Akpor Local Government Area. Most men from that Local Government Area also have the toughest mind, not only Wike. Obi Akpor in Igbo means Tough Minded People. This Chijioke Ihunwo is equally as tough and as mad as his brother Nyesom Wike. They all fear nobody. Na their place I do my Youth Service. This is him in this picture.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:47am On Oct 07, 2024
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:36am On Oct 07, 2024
emmanuelewumi:
My account officer in a stockbroking firm was earning less than N2 million per annum in 2008, the guy called Hakeem built a portfolio of ocer N30 million, had the opportunity to buy a block of 4 flats at Agege for around N8 million from a desperate seller but he kept on buying more penny stocks, insurance stocks , private placements, High Yield Investment Schemes of Nospetco and Sefteg until he found himself at ground zero.

The stockbroking firm closed shop in 2014.

Hakeem is now a farmer, doing averagely well but still found it extremely difficult to forgive himself
Your own good. My Stockbroker in about 15 years ago, is now a Psychiatrist Nurse, working in a Psychiatrist in the UK. Na so life be.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:34am On Oct 07, 2024
Agbalowomeri:
All these banks are doing same thing
One is probably smarter than the rest
Na truth you talk be that
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:54am On Oct 07, 2024
When I hear allegations, my initial instinct has never been Dismissal, or witch hunt, but I always ask myself, "What If this is True?", without me actually believing that it is True.

I no even Trust myself, let alone trusting anybody.

I am a mother fucking Cynic. The only thing wey I fit Trust small na stock recommendations. Any other thing, if I tell you say I Trust the allegations or that I trust una Brother Julius, then just know say I dey whyne you. Because I no trust both sides one bit.
Romance › Re: Giving birth to female children, is a punishment. by essentialone(op): 6:42am On Oct 07, 2024
DaddyCoool:
I was only stating a fact without insulting you - your post was non-sense (or rubbish). Not you personally, but your post. But you're insulting me personally - mark of poor upbringing and low iq.
But this is NL - you fit in well
No post is None-sense or rubbish. It only differs from your opinion, ideas, or beliefs. You can state your opinion without insulting another's opinion. Doing so is actually the sign of poor upbringing and low IQ. And scroll back. I never insulted you. Just stated the obvious, based on your response. A better secondary school, would have taught you choice of words. When you lacked it. You revealed the obvious.

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