₦airaland Forum

onegentleguy:
People were cautioned about the possible value trap in FBNH long before now. ...at the time the stock was still selling for near N7.
Yes, it is gradually coming down(in price) to a good value zone. However, when u benchmark the coys risk-return to that within the circle of its 1st tier peers(ZENITH, ACCESS, UBA, and GTB), u would see that the stock is still a bit expensive(MoS margin with ROI in view) compared to others.
The interpretation of this is that it is still better to choose its peers (particularly the 1st 3) ahead of FBNH given their current prices.
This is in view of a possible MoS from both dividend cashflow return and capital appreciation.

Folks will recall the post above.
The rest is history.

OGG, You are doing a great work here sir. Your analysis for me are always spot on. Infact they are part of my daily reads and reference points. I will buy you a mansion when I make a billion in this market

PETERiCHY:
So you know all this and still allow FO sold MONKEY to you in place of BABOON

The two are different na. For FO, there are hidden bunches of banana that can turn the monkey to baboon

Agbalowomeri:
Lol na because u don buy? We dey wait for N3 or no deal

N2 sef. Bank that is looking to invest heavily on Business Intelligence, it means something is not going right at the moment.

arduino:
Abeg, them never reach GTBank turn. I get plans for that money oh.

I use GT and I have received since morning

locodemy:
When did you get yours?
No show for my side o

5mins ago

veecovee:
House pls help me look into FO ... again.

Do I take loss from here or wait a little ...

cc CP, OGG, etc

If your loss is little you can. Mine is too heavy to leave now. We die there

Zenith pay don show o. If they never pay you be patient you will receive it soon

ITSURS:
Today is payment day for Zenith Bank's interim dividend. Is there anybody here who has gotten payment alert?

None here.

emmanuelewumi:
Majority of employees and corporate executives who are earning millions of naira as dividends used loans to buy shares.

The new CEO of Zenith Bank increased his holdings by 30 million units in the last 12 months, he must have taken a loan to do that.

Kunle Alake increased his Dangote cement shares by over 2 million units in the last 9 months.


The most important thing is that you should not bite more than you can chew.

After witnessing what the 2007 crash did to some debtors, I vowed never to collect interest bearing loan to buy stocks

emmanuelewumi:
You pay loans from your cashflow and not from capital appreciation, because it is not certain. You get cashflow from your salary, dividends, profit, interest, rental income.

Taking a loan that your cashflow cannot accommodate is speculative and highly suicidal.

Bottom line don't take loans to buy stocks. It never bodes well eventually...

Northeastern:
Na Bloomberg terminal, you pay $2,000 per terminal for month, na companies get an mostly for Naija.

Na my Oga login I use as me still be Seyi and Muyiwa

It comes with a dedicated workstation right?

I see it in our Investment dept and just pass. Never knew it could be this useful to me.

DeRuggedProf:
You want to do complex calculations for wetin?
Arrange your boys to bring this guy to you...

lol. Baba go beat up my boys jare...

currentprice:
very soon those pple will go on the floor to continue mopping any available fo. if they can paid N66 to buy more . they will buy much more at less tha N20 on the floor. i expect FO to turn to permanent bid soon

hmmm they saw FO fairprice as 66

i saw it before now as 39 for half year so full year with similar performance will give us almost same fairprice

chai! my bedsheet sees well

Baba abeg how is fair price of a stock calculated?

735i:
If i were you, i'd start realizing my losses. 500,000 units is too small for it to move the share price.

Before I do I need to understand some thing:
Would they be buying the share from one individual? If not what is the selection process?

This Offer Document relates to a Take-Over Offer (“Offer”) by Ignite Investments and Commodities Limited (“Ignite Investments”) to Qualifying Shareholders for the acquisition of up to 500,000 Ordinary Shares in Forte Oil Plc (“Forte Oil” or the “Company”) at N=66.25 per share (provided that Ignite Investments shall not be required to acquire any shares in excess of such number of shares as would take Ignite Investments’ aggregate interest in Forte Oil up to a maximum of 74.06% of the issued and paid up share capital of Forte Oil) in accordance with the provisions of Part XII of the Investments and Securities Act 2007 (“ISA”) and Rules 445-448 of the Securities & Exchange Commission (“SEC”) Rules and Regulations (as amended).

Abeg Gurus in the house help me us interpret this from FO. What does it mean. I have shares I bought at N33 in anticipation of the take over only to see that they are taking over only 500,000 shares.

Should I be dancing or not?

lagbaja:
FYI

Which stock is this abeg?

Mpeace:
To that voice saying to me : this is the best time to buy japaul.

I say to you: Gerarahere

Baba any news on Japaul? Na our meat be that o

mendes911:
Dunlop and Bank PHB Sir. Come and lets do a cross deal.

Those ones are dead now. Not distressed...

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf

N24 final payment.

My patience finally pays of. Onto the next distressed stock. Anyone you know I can beam my searchlight on?

Mpeace:
hw much them wan pay sef

I don't know o

Zenith has sent approval to CBN for payment of interim dividend. E remain UBA

Pls what is the reason behind Cutix rally?

DeRuggedProf:
It is always wise to first lie flat on the ground, when you hear a gunshot...
If you just start running, you may be running into the arms of the Gunman...
Brokers hate indecision on the part of investors, they always want some investors to be running while the other group is chasing, then they whisper to the running group to halt, then turn around and tell the chasing group that the runners are after them.....
The cycle continues like two lizards running round a palm tree, you cant tell which is chasing which..

lol. You and your parables.

I'm naturally not impulsive. So, right now I'm kinda the third lizard watching the other two run round the palm tree...

pluto09:
Fidelity stands out as the bank to be least affected.
There is a high possibility of a reduction in profit of some of the tie 1 banks most especially zenith.
It might be time to reduce exposure to banking stocks as i see the policy hurting some of them.
Banks will rather allow CBN to have their capital than giving out unnecessary loan.

This is the analysis I got from my broker:

The central bank of Nigeria released a circular yesterday, mandating banks to maintain a minimum of 60% loan to deposit ratio (LDR) by September 30, 2019, subject to quarterly review. Also, to directly focus the funds to specific sectors, the apex bank attached a weight of 150% to loans disbursed to SMEs, Retail, Mortgage and Consumer Lending in computing the LDR. Further expressing its resolve to ensure compliance to the minimum LDR by the specified date, the apex bank shall impose a levy of additional Cash Reserve Requirement (CRR) equal to 50% of the lending shortfall of the target LDR. The revised LDR is above the previous maximum regulatory ratio of 80%. Going by Q1 2019 unaudited numbers of our coverage banks, only Access (66.3%), FCMB (73.9%) and Fidelity (95%) are above the new minimum requirement. However, GTB, Zenith, Stanbic, UBA, FBNH and Union are currently below revised minimum requirement.

On impact, our assessment suggests that additional N1.1 trillion in loans will have to be created by the 6 banks to meet up with the revised guideline. Individually, GTB, Zenith, Stanbic, UBA, FBNH and Union will have to extend N105 billion, N350 billion, N30 billion, N120 billion, N436 billion and N25 billion respectively. However, if the current loan book of our coverage banks is adjusted for the new weight of 150% attached to loans disbursed to SMEs, Retail, Mortgage and Consumer, we note that the ratios across our coverage banks could improve on average by 3%.

While the new policy signals a move towards the banks focus on core operations, we believe this will support interest income on loans over the medium term. However, given the current state of the economy, we expect the drive to meet up with the deadline to result in a jump in Non-performing loans for the 6 banks below the minimum requirement in the short term. Conclusively, given the quantum of the additional credit to be created, we believe the apex bank will extend the timeline until December 31, 2019.

Source: Company Financials, ARM Research

bojbest:
Bro Morgan capital site is not secured. Are you using them?

No. I use ARM

bojbest:
Bro please. How do I get started trading NSE. Can it be traded online? If yes, please which broker can I use. Also How do I read charts of what investors are doing( Mt4 or What.)
Please

If you are ready to loose some cash without committing suicide in the hope that you will gain in the future, you can try Morgan Capital for less fees or ARM Securities for variety of portfolios. Both have online platform where you can trade. Contact them and they will tell you the requirements. Good luck...

pluto09:
I can't see the offer and bid sizes on meristem and cardinalstone .
Anyone experiencing same?

I think the problem is coming from NSE's API cos it's the same with ARM

https://nairametrics.com/2019/06/17/nse-has-placed-these-34-companies-on-red-alert/

Companies on red alert for delaying their Q1 2019 financial result. Prices are about tank further.

maliyu777:
I have a question. I bought capoil some months ago at 0.21. It reduced to 0.20 and since then, there hasn't been any change in the stock price. What does this signify?

It means the stock is not attractive to buyers

RabbiDoracle:


He is now seeing that it is costlier to hold the stock.

It is o. but we go dey alright.

stcool:
Continue buying and you will smile at last...
Or you sell now and have peace of mind...
The choice is yours!

Mcy56:
Can't stop laughing at Mgmt reshuffle. Chai!
Continue to follow that oga at owner's risk, he already gave you two options anyway, choose wisely.
I no wan put mouth for this chams matter, I no get strength to fight.

I no dey following am o. I do JIJO with a certain percentage of my funds on volatile stocks within three weeks max. I was trying to see if I should hold on a bit.