₦airaland Forum

Toluway:
You mean stop loss is not an exit strategy?

fxuser:
ETI update
- late starter but nice ff thru

fxuser:
Wapco
- N14 broken after much range drama
- driver is ready

onegentleguy:
Closing Prices:
ACCESS- N11.20 ...20k above its previous 52-weeks high.
UBA- N8.45 ...5k above the last 52-weeks high.
FBNH- N7 ...N2 below its last 52-weeks high.

Technically, all 3 coys are playing out a similar trend of higher lows with a push for higher highs !!
Perhaps it's time to tap into the last coy(FBNH)
...the probability that u can gain that N2 margin from it is near 1.

Elsewhere, it'll be wise to keep a close eye on AIICO !!
...that 'dude' has be making above average vol with signs of a trend reversal in the last 3 trading days.

For those still seeking for where to invest; there is still more than enough room for reward(feasible ROI) in CAVERTON, FCMB, FIDELITY, ETI, GTB, ZENITH, UACN, WAPCO and TRANSCORP.
...including the 3(ACCESS, UBA and FBNH) highlighted above !!

NOTE: Following ur instinct should still take higher precedence ahead of this post. Due diligence still applies.

It is well.

Intendy:
Stocks with new 52 week lows

International breweries #9.20k

NCR #4.05k
Skyway aviation #4.15k

Stocks with new 52 week highs
Access Bank #11.20k
Flour mill #21.50k
Uba #8.45k

pluto09:
We need you to be around this time of the season
Make you no run away now o

Toluway:
Adopting of Stop Loss-strategy will solve the issue of the right time to exit, for everyone.

fxuser:
ETI
following d bnk index train , coming off a dd bttm

fxuser:
NSE Monday Price action is positive early
- prices holding above prev week close early is good .
- a higher weekly closure is wat matters everything else is noise

#positives

TraDeRR:
I don close market on GU long.. time for nse.. Fxuser abeg shine your touchlight on Transcorp for me small.. shey e don see bottom?

fxuser:
UACN Update
- Quickly finds support shows buyers conviction, a must have into new yr

fxuser:
52 highs loading soonest

DeRuggedProf:
When a vehicle has two opposing minded drivers....

fxuser:
EOY Price action
We've gone from things could get worse to things cud get better
- in place of Dec rally , we have Dec Support with prices finding buyers at day lows
- monthly charts shows prices are above monthly open and prev month close (positive)
- prices also above prev weekly close (positive)
- no strong vol to downside , good support for late comers
- if price is below your entry , no biggie , calm
- if ur in profit end , no biggie
- will give a deeper technical analysis update
- let me know wat stocks u want to look at

Intendy:
Stocks with new 52 week lows

Deap capital #0.36k
Fidson #2.70k
Interlinked tech #2.91k
Omatek #0.45k

RT briscoe #0.20k

OBAGADAFFI:
Is NGE EFT same as NEWGOLD: NEWGOLD EXCHANGE TRADED FUND (ETF) ?

thebargainhunte:
We never forget. Where are the 24th December gangs?? The market didn't respond to all the predictions here.

I am crying on top my FBNH . The haircut I am receiving there is unbearable.

BullBearMkt:
...I agree with you, even though NSE did not end up positively in Dec, it did not end badly as well. It's time to key into value stocks as we are almost a long term support. If this support is violated, then NSE is in trouble

BullBearMkt:
...let's respect other people's opinion,. We do not know what @RabbiDoracle saw before he made the assertion. However, as long as Wapco is above 13, it remains a BUY

fxuser:
DangCem
- back and forth its not making lower weekly closures like MTN
- price ranges above and below N140 , never really going far in any direction (range tinz)
- call it eoy rebalancing , price action is simply ongoing bottoming , like Nbrew (see weekly charts)
- good for index

#cementExample

TLAX:
Thanks. Could you speak on the fllw

- Julius Berger
thin vols at the same price . no comms
- Guinness
not out of d woods
- Conoil
positive divergence suggest bearish weakness but lacks momentum for now (see weekly rsi) unlike sep & okomu
- Seplat
bullish , weekly brk out with very positive momentum indicators , back abv 200-ema
- Okomu
bullish , making higher weekly closures trading abv 50-ema


Tnks

pluto09:
This is a bomb

STNWAUME:
UACN

Momoney54:
Dang cement pls, with all their share buy back wahala...is that a go sign? Thanks

onegentleguy:
Scanning through most past post, I observed that the talking point here and a few other key forum I belong to has been the recent news sorrounding coys in the cement business segement, particularly DANGOTE CEMENT.
I see there are worries over;
● The proposed reverse stock split and share repurchase scheme with DANGOTE CEMENT,
● The recent turnaround of the path to resurgence of earnings and growth trajectory with LARFAGE WAPCO and if it can be sustained
AND
● The recent wave of mergers(kalambania and obu in view) surrounding CCNN.

The PUZZLE is in which amongst the 3 coys presents a better route to VALUE !!(risk-reward margin in view)

Ealier today, someone asked me a pivotal question in one of the telegram forum I belong to.
He said; If u had N14M to invest in this sector, which would u choose to buy between a 100,000 unit of DC, 1M unit of WAPCO or little less than that in CCNN given their current market price?
What is the best route for one looking to maximize returns from both a possible cap appreciation and dividend cashflow reward?

I see the honest quest for answers to what I call corporate governance puzzles with all 3 coys.
Some folks are worried about WAPCO given the recent resignation and immediate employment of its former CEO/MD to DC, but in truth, while there a few worries with all 3 coys, there is even more with DC.
With DANGOTE CEMENT, puzzles like;

1) Why is the company embarking on the duo(2) proposal of a share repurchase scheme and a reverse stock split(I observed that folks have paid less attention to this line) at a time that it has a free float difficiency?
...what could possibly be the motive behind it?
2) What are the likely merits(feasible reward) and demerits(inherent risk) to the proposal and how best can u weigh them?
3) Are there really any benefit with the proposal to a minority shareholder?
4) Does the PE investor, South Africa's PIC still hold its 1.5% stake(following the $289.3M investment in 2013), and who currently represents it on the board of DC, after the former rep, Mr Fidelis Madavo, a non-executive director resigned towards the end of Nov, 2019, following his supposed role and resultant trial in a 4.3B rand Ayo transaction scam in South Africa?
5) Why was the closed period(a process which restricts insiders from trading in the shares of a coy prior to a sensitive corporate governance announcement) originally scheduled to hold between Nov 20th to Dec 6th cancelled?
6) Why has the share price underperformed since the said announcement despite the seeming euphoria sorrounding the company?

I shall attempt to supply answers to these 6 questions and many more later today !!

Salah