₦airaland Forum

aimaft:
Wapco and GTCO are set to go up in matter of weeks time. Anyone seeing what am seeing?

What are you seeing concerning wapco?

rmx:
Well maybe , could be flour mills is undervalued or valued poorly cos of the abysmal profit and dividends they have been paying for a long time , maybe too leveraged , too much debt or just too much choppings by the owners or management

Funny , they are one of a few companies that generate over one trillion naira in revenues yearly

Maybe choppings by the owner because they have a lot of products.... Golden penny range, fertiliser, animal feed etc

unite4real:
Flour Mills is about N137B market capitalization while Dangote Sugar alone is almost N700B.

Nascon which is about N136B is going head to head with Flourmills.

By the time Rice is combined, Flourmills should be behind by more than 7 times in market capitalization to Dangote foods

I don't understand this valuations o, Flourmills also has a big sugar refinery.

I feel some companies have bloated figures

ositadima1:
The trillion-naira capitalization club, home to the Nigerian Stock Exchange giants, could soon welcome Dangote Foods Plc.

With its proposed 17,351,322,596 shares and a current share price of 57.45 naira, Dangote Foods would boast a market capitalization of 996.8 billion naira.

Reaching 1.7 trillion naira mark would require a share price of 100 naira, placing it behind BUAFOODS still!

Is it more valuable than Flourmills group?

Mfunkynation:
Throw away A n O sharply

You mean AIICO?

Harshreality:
Please what's the best app to use to purchase stocks?

Bamboo

Yochaa

Gurus, which one of the below stocks are good to buy now:

Julius Berger

AIICO

Wapco

Vitafoam

erniok:
If they can come for pzifer, Exxon Mobil, why do you think they can't go after Boeing if they flout the rules. B

Is that why they got a soft landing after the 737 max crashes?

Boeing is strategic to American power. Don't play

erniok:
Your post is sickening to read. The reason the west is where we all run to is because they have strong institutions that sends a message that there are no sacred cows. Trump is an example. If Tesla commits a financial offence, they'll come after him regardless of his staff strength. The message is clear: stay off shady deals.

Can they come after Boeing?

Even the west protects some businesses

Babangidapikin:
Hmmm this is why people put their money overseas ... If you have evidence ...Let see it ... making assumptions that they are proxies without prove won't fly ... Even if you know unofficially , you still need prove to back it up .. all this grandstanding above forfeiture if they don't attend your meeting would only lead to more legal issues ....you can't force a sick man to come and testify ....

Garnishee they hungry us

Hope its not a witch hunt, before they sue us in London.

phadriz:
Substantial holdings in your context is different from having significant holdings to influence decision in the company, someone with 10 million units of Transcorp can not influence decision because the holdings is significant for that.

Even when you believe in a particular stock and one want to hold it till eternity, it is wisdom when you trade the stocks during ups and downs in order to have more units with the same cost invested. I'm sure you will be trading stocks you hold for several years because I know you vast knowledge in analysis.

Bros e don do na.

Every mallam with his kettle

Ogas in the house, please advice on Wapco and Aiico over the next 60 days?

@emmanuelewumi your input is required sir

kolaish:
Hold on to the 2 stocks till January. The expectations of good Q4 will still make the price to go higher than it is now. In addition, you can read @currentprice recommendation on UBA. I have UBA and I am not selling now. Even Zenith Bank staff are still buying the bank shares at current market price and you; an outsider want to sell?
https://doclib.ngxgroup.com/Financial_NewsDocs/198_ZBPLC_Notification_of_Share_Dealing_by_Insiders_ZSPF_Dec_15_2023.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/198_ZBPLC_Notification_of_Share_Dealing_by_Insiders_Mr_Henry_Oroh_Dec_14_2023.pdf

My personal opinion please.

Great info

Markets reacting very positively to US feds announcement

hometutorslagos:
Please do you know any alternative to Trove? I've been unable to place orders for over one week and customer service is not helping.
I need to change

I

PLTR is a good choice

hometutorslagos:
Please do you know any alternative to Trove? I've been unable to place orders for over one week and customer service is not helping.
I need to change

I

Bamboo, Yochaa

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

Opay is under Blue ridge Microfinance Bank which is affiliated with Zenith bank

.

Abeg how una see PYPL and SCHW?

yMcy56:
All these CEOs, we may not know what they're up to sometimes.......
Maybe Flour Mills too is thinking of merging her businesses who knows......
Could be one of the tactics......that is, to increase the share price of NNFM, since 4.20 was paid for Honeywell's majority shares....

Merging the businesses, like Dangote is currently doing may likely be in the interest of the Company too.

Na my opinion o. I didn't say that's what is happening. Make una no mind me.

Flourmills is a huge company with many subsidiaries including Honeywell Flourmills

The value maybe affected by debt though

Make we dey watch. The game must favour us

Nigerialabalaba:
Hahahahahahaha....abeg no die oga mi. Na ur money, you go enjoy am titi lai lai. Oando dey gidigba and galant for NGX. Court na shere shere, na SEC ati Wale bi d koko, anyone wey wan sell hin shares, court go tell am make hin go sell hin own for market floor ,leave awa own las las.

Me I go buy more oando sef. If u wan buy Oando, na ur own agbelebu o, carry am if u get body and mind. If u be aneva chop, no carry am.
Igi pawpaw o ni wo pawa o.


No bank small again o. Dem don see d expo of recapitalisation tey tey so notin do dem. In fact, dem don price d recapitalisation for dem price for market sef. Anyone wey wan raise money now just want to dey punish dem shareholders as dem go dilute dem shares and crash EPS las las. Wema sef suppose no do any right issue again sef.

If the share too crash wont that mean some of the stakeholders risk losing their majority control?

Naira no get value again

emmanuelewumi:
Might affect the share price of small and weak banks.

Dividend payments nko?

Always good to have a diversified portfolio with extra cash to make moves.

chimex38:
Bank Capitalization!!

https://businessday.ng/news/article/cbn-directs-banks-to-increase-capital/


https://leadership.ng/breaking-cbn-to-increase-capital-base-of-banks/

https://moneycentral.com.ng/markets/article/nigerian-banks-to-undergo-new-recapitalisation-exercise-cardoso/

Hope this won't affect bank share prices negatively?

BabsO2:
I think the banks listed still have value in them based on Q3 book values per share and historical price to book ratios. Earnings per share have also improved for the banks going forward. However, there could be elevated impairment losses this year and next year due to the tough economic climate. How much this may erode value going forward, requires monitoring. Below are book values per share of the three banks based on Q3 numbers.
Zenith N61.11
GTCO N42.39
Fidelity N12.84
NB these book values can be eroded easily by impairments.

Fidelity is the weakest amongst the three based on historical price to book values.

I am not monitoring BUA Cement and Dangcement that much.

Thanks for the analysis

BabsO2:
I don't see any market correction in the horizon as long as the oil price stays strong above $70.

Stocks like UBA, many banks and a couple of other stocks have not reached fair prices. But a few stocks are trading in a PE bubble and may correct as investors and traders do their thing. The devaluation this year has propped up the valuation of many banks and reset share prices up in devalued Naira with not much to correct. However, for banks one needs to look out for potential rise in impairment charges that could lead to valuation losses and potential share price drops if it happens severely.

What do you feel about Zenith, Gtco, Mansard, Fidelity BUA cement and Dangcem?

Gtco doing well.

What is happening with Zenith?

veecovee:
Pls ... anyone know the market capitalization amount of dangote rice

Good question.

Streetinvestor2:
#30 plus

That will be sweet o. GTCO is doing well too

Streetinvestor2:
I see uba giving me 50% in the first quarter of next yr than wapco. And with new line of bua coming on stream. I see the cement war btw rabiu and alhaji not favouring wapco

Tony is in a good book of this government too

What price do you expect UBA to be at 2024 Q1?

Is anyone doing XLK?