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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 1:30pm On Dec 18, 2014

Aks:
sharp reversal on Transcorp and FBNH

Not yet.Let it wait a little bit,i just got credited with some of my unclaimed dividends and i intend to use it to buy some stocks.

N/B : Please this is not a recommendation to anyone to attempt to buy into this volatile market.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 4:02pm On Dec 17, 2014

Born2berich:
Am surprised that the prophet has decided to keep mute unlike b4 that you will see him giving hope..this xmas is going to be a blue Christmas for some people that were forming Rambo when the warning bells were rung.

2014/2015, The year of the prophets. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 1:13pm On Dec 17, 2014

Chibuking81:
It is better to enter a crash landed plane than to enter a crashing plane, it is better to wait for the plane to land before you enter. After the finishing assignment of the bearish season, market will settle down for a while before the bull will return. Let us not enter a crashing plane, also let us allow the bear to finish it assignment before we start again.

What if your aim is to enter the crashing plane to help guide it's crash landing grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:58pm On Dec 17, 2014

lancee:
People money don dey stuck here again , another cycle

Yes oo another cycle staring us right in the face. Na to accumulate dividend paying stocks, they clean mouth with dividends while we wait for recovery whenever it decides to come.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:51pm On Dec 17, 2014

9free:
Men! You get mind o.

After dumping NEM (Still thanking my stars) months ago, I don't see myself doing insurance any time soon

I will rather buy Dangote Sugar, Access, FBNH and Diamond at car park than any promises sorry insurance coy

Oga 9free, I feel you men...me sef had NEM for a while but dumped it a couple of months ago when I started to question the company's corporate governance.

your stock picks are spot on especially in regards to the banks. I think they are the cheapest in the market presently in regards to valuation. Uba's forward PE ratio is getting close to 2.5 times earnings. With this decline, we might see it below 2 soonest.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:39pm On Dec 17, 2014

9free:
It will be easier for Buhari to win 2015 general election than those prices to come true

It seems like we are gradually approaching the all share index low of 2009. shocked

. The stock market as a leading technical indicator seems to be telling us how challenging the economy is going to be in 2015.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:13pm On Dec 17, 2014

Born2berich:
When you see stocks like fbhn selling for N3 or uba @N1.20 transcorp @N0.50k @Daimond N1 @oandoN6 @SkyeN0.70k @seplat N90 that's the best time to buy.

There is fire on the mountain!!!!! See prices.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:11pm On Dec 17, 2014

joseph1013:
I guess Insurance is where the deal is at the moment.

Dont try this at home!

Aiico is one stock that I have my eyes on in the insurance space. They just cleaned off their balance sheet and seem to be starting on a stronger clean slate. I also expect their pension arm to start adding significantly to their bottom line as their assets under management continue to increase as a result of the new pension law. I bought earlier at 80kobo but I hope to add more when the price gets to the car park grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:46pm On Dec 16, 2014

myjoy08:
Sir, the difference between the rich getting richer and the poor getting poorer lies in their risk appetite. One thing i know for sure is that don't look at the spectators, but focus on the goal post! This opportunity is just once in decades! Take for examples, seeing Oando at 16.63, Transcorp @ 2.96, FBNH, UBA, FCMB at the bargain price when some are showing a signs of bottom out...so what decision you will like such person to take? To and for me is BUYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY!

Oga MyJoy08. This your money no dey finish ooo. Na everytime you dey buy. When you go sell na grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:35pm On Dec 16, 2014

9free:
See UBA, Transcorp, Skyebank, Fcmb, Diamond, FBNH, Access, OANDO, Seplat at bargain prices oh!
Chai........

See Gobe!!!!! grin

but honestly I thought we will see this low price levels by the beginning of next year. My whole spreadsheet is screaming BUY BUY BUY.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:26pm On Dec 16, 2014

9free:
Only challenge is NO MONEY IN TOWN TO BUY!!!

My oga, I want to start selling some personal stuffs to raise money at this junction oooo. Imagine the money that I can use to buy 2000 units of UBA not been enough for a Sunday buffet at Radisson Blu. wink

In fact Na stocks I go use do Xmas present to myself.

6 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 1:59pm On Dec 16, 2014

What am I seeing!!!!!The all share index has finally broken the 30,000 mark shocked

.This is serious sales ooo.. Buy 2 get 1 free. At this rate we might see 27000 by year end. Make I go look for money ooo, this sales season must not pass me by.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 8:12pm On Dec 15, 2014

iyaayi:
Please, which stocks have good fundamentals to buy into now that prices have fallen? Thank you

Stocks plenty Na. In fact it is a buy one, get one free sales going on in the Market now. Stocks like Fbnh,Uba,dangote sugar,Afriprud seems fairly priced. Better still you can wait a bit for the market to stabilize but if you are like me that has a long term view and likes sales period and does not Know how to time the market, you can buy in tranches.

Please do your due diligence ooo.

6 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 8:01pm On Dec 15, 2014

cadno:
Guys, Unity Bank traded 14m units Today, what is cooking,

Maybe oga Nkpokiti from SMN is accumulating grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:33pm On Dec 15, 2014

“If you don’t know who you are, the stock market is an expensive place to find out.”

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:27am On Dec 14, 2014

ihedioramma:
Pls has uba start the rights issue? how is the rights issue going? @myjoy08, how strong is uba now? and can you buy there shares if they go down like 1.50 this year?

UBA presently has a forward PE ratio of about 2.87 times earnings which seems rightly priced to me. The expected dilution Coming from their proposed rights should push their PE ratio to around 3 times earnings. With a price of N1.50, their PE ratio will be around 1 time earnings. At this price, UBA would have been dirt cheap and in my opinion this will be a give away price.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 5:07pm On Dec 11, 2014

Tough times for Russia. I hope the naira does not face a similar fate come 2015 as this oil price decline does not look like it is abating soon.

http://mobile.bloomberg.com/news/2014-12-11/russia-raises-rates-to-end-ruble-run-as-rout-ravages-economy-1-.html

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 4:26pm On Dec 11, 2014

mpi210:
On point......

Yes boss. As NSE has decided to do some pre-Xmas sales, who am I to argue with them.

I will participate in this one and the other one that will happen during Xmas and new year. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 4:04pm On Dec 11, 2014

FranklinRich:
I have a dream that I will open a bakery soon. I will use only flour from Flourmills and sugar from Dangote Sugar to bake my bread. I will insure my bakery with custodian and allied insurance and make sure that I use only First Bank(FBNH) for all my transactions.

Bargain hunting/ cherry picking mode activated. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 3:08pm On Dec 09, 2014

bigass:
Bloody Tuesday

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:06pm On Dec 08, 2014

PETERiCHY:
If GTB can go below #9:00k in 2009. then what makes you think STANBIC won't touch #10:00k again? Better forget that their abracatabra reconstruction in 2012.

Oga, by Gods grace we all will be here come June 2015, Stanbic will not sell at N10...Or you wan bet? grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 12:45pm On Dec 08, 2014

PETERiCHY:
My benchmark will soon become a reality!

I laff in Swahili... cheesy

so you think Stanbic will sell at N10? Ok ooo we are watching.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 9:46pm On Dec 07, 2014

bigjay01:
If FBNH (an indeed others) really believe their shares are selling well below book value, why can't they buy them back at ~N9 and sell back to the market (via rights/PO) after the allowable period?

It is possible they are probably using their spare cash to speculate in the FX markets, this has even been reduced further via the increment in private sector CRR by the CBN.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 11:33am On Dec 05, 2014

Did I just see FBNH @ N8.99? The Bears on rampage on this one.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 9:57pm On Dec 04, 2014

Chibuking81:
most of the Nigeria stock book value are manipulated one, at times, it take most of the companies time to review their book value and bring it down, but when their value rises, it never take them time to take it up. We are living in the manipulated environment. Whether the book value is high or low, for now I am out of the stock market till next year.

I am not sure I understand what the companies are manipulating. From the little I know, Book value is a function of a company's net assets and outstanding number of shares which are balance sheet items.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:57pm On Dec 02, 2014

feelamong:
ok.. FBN coming to Range once again!!

just threw in my order at 9.28...

hopefully will buy the next batch at 9.00

Cornered some little units today @9.20. Cyber week stock sales seems to be working out as envisaged. Will see if I can get some more deals tomoro.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 2:31pm On Nov 29, 2014

myjoy08:
http://www.forecasts.org/oil.htm

Confirmation bias.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 5:39pm On Nov 27, 2014

Agbalowomeri:
@Oga FranklinRich, the way you dey pounce ehn! I come wonder whether u get tiger for house

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 4:04pm On Nov 27, 2014

Opec has ruled out any production cut

http://www.cnbc.com/id/102222286

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 3:48pm On Nov 27, 2014

immanuello:
Hello sir,pls can u tell me the happenings in the market, i mean any opportunity showing up for now on d bourse. passwelle greetings!
i want to be a grave robber on d bourse now, thanks, keen to hear from you bck,thanks.

I think the market seems to like the outcome of the MPC meeting in view of the perceived clarity that was demonstrated by the MPC authorities.if not for anything the fact that the CBN was able to tow the line of thought of what most experts and analysts envisaged seems to have gladen the market's heart.

Having said this I think this might be short lived. I want to believe that as more investors and analysts carry out a fundamental assessment of the impact of these policies and its implication on corporate earnings, some profit taking might engulf the market in the next couple of weeks. This might just bring about fresh bargains into the market arena and might be a good time to pounce on some fundamentally sound stocks.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 8:06am On Nov 27, 2014

Looking forward to the outcome of OPEC's meeting today. It seems to me like the markets are gradually sensing that Saudi Arabia might not cut production as Brent crude is about $76 at this time. If a formal announcement is made, I expect to see further declines in crude oil prices and this might not augur well for the Naira and might lead to further declines in the stock market in the next couple of sessions.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by FranklinRich: 1:14pm On Nov 26, 2014

kotlass:
Positive aftermath of the last MPC meeting of the year.

I came out with my cutlass today, thinking I will get some stocks doing Pre Black Friday sales but did not find anything. I will need to try again on Black Friday, if not I will continue my search on cyber Monday.

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