₦airaland Forum

RabbiDoracle:
I believe FCMB will rally as a result of this news.

Why should Aiico sell their cash cow? I learnt the pension generates alot for them.

Thanks boss for the insight.

Mcy56:
I don't see any of the two rallying on the news.
My opinion o.

The Ogas are saying FCMB will rally. A PFA is a juicy asset for shareholders. If FCMB knows what they are doing they will make a lot of money from that venture

BullBearMkt:
...Both stocks have potential in the market. FCMB seems to be a leader of the Tier 2 banks while AIICO also a leader in the insurance sector has made a gain of close to 40% YTD. Will AIICO momentum continues? Big question! I will do some analysis for you tomorrow & post the vyoutube link here (only if you want). However, today, I discussed about FCMB & possible opportunities in my weekly review of NSE.

Best of luck

Thanks boss. I will appreciate that.

robobo:
Hello Chief

what are teh new regulations? and what are the changes being expected?

wld appr8 if you share ur insight

Well for one the recapturing exercise initiated by PENCOM which is a prelude to the transfer window coming soon.

All PFAs are mandated to recapture their customers' information in preparation for the transfer window. Any PFA that fails to recapture their customers' information within the stipulated time frame stands a chance of loosing the customer another PFA that successfully does that. Then the transfer window will give contributors the choice of porting from one PFA to another.

So imagine the effect of the above regulations on small PFAs and the ones with over-bloated customer base like Stanbic-IBTC pensions. The industry is going to be very competitive soon, so there will be mergers and more acquisitions.

emmanuelewumi:
Axa Mansard is looking for buyers for their pension business subsidiary

Yeah. There will be more of purchases too

megawealth01:
FCMB should be able to resurrect that stuff

They are not bad in the first place. Just average performance

OBAGADAFFI:
Pension fund is one the juiciest part of insurance business.

Something most be wrong with those AIICO guys.

I suppose they are running from the new regulations from PENCOM. Pension industry is most likely going to change next year.

1kinggy:
If AIICO Pension is on good standing, FCMB should rally.

Actually, they are on good standing

FCMB just bought AIICO pensions. Which of the stocks is going rally on the news abeg?

http://www.nse.com.ng/Financial_NewsDocs/30685_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_JUNE_2020.pdf

Princkez:
what if it's back dated to 2019...what happens to those who bought in 2020

Ah! I was not even considering the possibility of this in my analysis. Abeg ogas in the house should do justice to this question. It is very important.

PETERiCHY:
The NSE you are trading get straight leg

megawealth01:
Hope you read octopus prediction

His predictions dey get K leg

megawealth01:
If he finally says JAPAUL... You go buy?

Lol. I'm one of the passengers in Japaul already.

onegentleguy:
There's this company that may likely do, perhaps not "another neimeth" but likely deliver a juicy reward.
...a potential 80-150% return in the short to mid term.

As usual, most folks will likely only see surrounding RISK without the potentiality for RETURN.
They may not be able to detach FEAR from RISK in other to seek for REWARD.
...even the financial print gives a clue.

I personally dont like the coy, but like I always tell folks;
One of the greatest mystery behind an OPPORTUNITY is that it will sometimes 'disguise itself' and hide behind an obstacle.
...hence given a much better(less weighty in terms of risk)scenerio an 'ugly look' and blowing it out of proportion.
Because great OPPORTUNITIES are usually not found in 'a totally safe and comfortable zone'.
The key however lies in ur ability to 'weigh' the difference between that which is REAL and what is VIRTUAL, and then 'seive out' the latter from the former.
...then u can 'unlock' that obstacle and grap the OPPORTUNITY !!
This is especially true of the stock market terrain, particularly the 'NSE room'.

It is well !!

Boss spill the beans na

naturalflow:
37million net offer.Gate closed with double padlock.

21M traded today. remaining 11M which translates to a paltry N2.9M

Just chill and watch. Profit taking is allowed.

Mcy56:
Enemy of JP full this thread.
Could see some wishing everything should go wrong.
Na to dey trade these type of stock codedly now.
I'm sure those offers are from Nsempas.
When I started seeing offers of 20M, 30M, 50M single bid .....then I will believe it's actually full offer..... until then...

When you guys knows you cannot ride this stock or have liver for it, you for stay away nah.
What fundamental is driving Neimeth?

No mind them. The journey is just starting

sellydion:
Hum tomorrow may be too late.

Or too early

emmanuelewumi:
Nothing stops the Virgin from riding the frail old man. The frail old man will be fine and okay las las

DeRuggedProf:
I fear JAPAUL pass OANDO ooo....

One of my early professors was JAPAUL. The notes I took can't fade! Never knew there was REDISH GREEN RED!

Ponder over STILLBIRT!!!

Be very very very careful. A frail old man has no need for a virgin!....

Prof I got the stillbirth path very clearly. I have been burnt before by this same stock. Na revenge mission be this.

DeRuggedProf:

We will ride it till thy kingdom come. From now on-wards I will be viewing your posts with zooming glasses since you don't want to be straightforward.

DeRuggedProf:
Janet sinks with pride!
Searching for a black cat in the darkness takes more than moving around with a bucket of white paint.
No healthy adult moves around with his mother carrying pampers for him....
Run and hit is ALWAYS better than Hit and run....

Who released this flood of money I am seeing advancing like locusts, Choi.
JAPAUL, thy bride approaches, but thy pregnancy shall result in a stillbirth...

Baba break down your parables abeg. I'm in Japaul bus and would like to know what you are talking about.

DrAwo:
For those in the Vitafoam bus, enjoy your loot...

The company seems to be enjoying a breakout year. The question you need to ask yourself is "why is vitafoam flying and how sustainable is it?"

Q1 saw EPS double year on year. Q2 also did the same. A closer look at the numbers however show reduced revenue in both quarters so the company didn't make more sales but is making higher profits...

Cost of sales declined significantly in both q1 and Q2 2020 as compared with 2019. Looking as the notes to the financial statements show that their raw materials were bought cheaper year on year.

A Google search shows polyurethane (derived from crude oil) as a major raw material in foam production. So you see where this is going - the massive drop crude oil price was a big blessing for vitafoam...

Expect a good q3 too as crude oil prices are still down year on year but don't expect the party to continue forever. Oil prices are rebounding.

Dont be the one holding the empty cup when the music stops....

Nice one boss. More grease your elbow

abuhusna1:
Rotfl. You just make me dey laugbalo e like mad man.

Easy o before they mistake you for mad man

PETERiCHY:
The info is for NEWBIES to hold tight so they don't EJACULATE QUICKLY because MOST EQUITIES will REPRICE with circa 50% profits due to NAIRA DEVALUATION.

WE have been THERE before.
We are about to witness a REPLICA of what HAPPENED in MAY/JUNE 2016.

BARGAIN HUNTERS TAKE NOTE!

You are in tune. I was just pulling your leg.

PETERiCHY:
For those ovulating on the MARKET UPWARD TREND bear in mind last March USD sold for N365.00k while now it selling for N462.00k

That's 25% increase on USD and one will need 33.3% to BREAK EVEN on the recent NAIRA DEVALUATION.

Inessence if you have n'ot made atleast 40% profit on your PORTFOLIO to BREAKEVEN on the NAIRA DEVALUATION and you are jumping up then know that you are iya Basira

EXCEPT you brought in your FUND at the rate of N462.00k per USD

BARGAIN HUNTERS TAKE NOTE!

Chairman. You no just like our happiness.

stcool:
Bank name?

Private chat? But I don't think you can get more than 4% with that amount though

stcool:
Good day all, please I need info for a friend.

A friend wants an investment that can guarantee 10% - 15% per annum.

He is an Igbo businessman and used to invest in treasury bills hence he is looking for another investment opportunity.

He does not want to do fixed deposit due to low rates, No stock market.

*Initial investment N20M

Anyone knows any good investment/assets management company that can deliver. Preferably an investment house may be bank/ insurance subsidiary etc that can pay a return of 10 - 15 % per annum.


Thanks
cc: Oracle, Pa Emma, CoolCash, Loco, etc.

Kindly help.

I can introduce you to the bank I work in where you can negotiate the rate for FD.

[quote author=leparj post=89992158][/quote]You mistook him. NASD is like NSE with some shares traded there that are not traded on NSE. He said he owns four of those shares traded on NASD.

[quote author=onegentleguy post=89979433]Thanks to everyone for the warm welcome and love.
...I heart u all !!

This is wishing us a blissful week ahead. ...and of course a corona-free and healthy life to our families and everyone we hold dear !!

Regards[/quote

Welcome back boss.

Dupeodus:
The AIICO q1 result is a continuation of aiico's management practice of depressing the financials to keep the stock price low so they could finish whatever they need to do. The current need is for the MD that was appointed lat year and had no shares before to accummulated shares and is currently doing it at relatively low price. Look at that q1 results again. The last line is a finance cost of slightly over =N=1 billion naira. This is a company that is flushed with cash and government securities. The only liability in their book is the IFC loan of $7 million. I will even grant that included in that finance cost is maybe =N=350 million in the depreciation of the naira and you add that to the normal quarterly cost of about =N=50 million related to the loan. That is still =N=400 million, a good 600 million less than what was charged. But you know what, let's even leave it as the first quarter charge, unless naira completely goes to the gutter, it will not recur in subsequent quarters. That gives you an idea of what the year will look like. This is is addition to an unexplained charge of =N=975 million that AIICO continues to charge every quarter to add to the 'other contract liability' line. By the end of the first quarter, about =N=6 billion has been accummulated on that liability line that AIICO has never explained to whom or what product they owe the money to. Every quarter, it's a charge to the P&L with a credit to that liability. I have checked the financials of other insurance companies and they don't have anything similar. Lastly, you have to consider that the Leapfrog investors bought at =N=1.20. they are no fools if you research into them. They must know what they are buying into.

That's quite revealing. But you have been saying this since 2018. Are they not done with the manipulation? Why then would someone invest in a company that manipulates their books?

austinkenneth:
Exactly the reason I didn't buy more. But there is a 1 for 5 bonus coming.

I know about the bonus but a combination of outstanding shares dilution and declining profit don't look attractive to me.

dharpzee:
Na their 1 for 5 bonus dividend o, I wonder when their qualification date go be sef.

Some bonus be like Christmas chicken o. They fatten them up to be killed later.