₦airaland Forum

Locotrader:
Your insult has nothing to do with my personality.
One stock portfolio is my choice.Among all my picks,I must have one stock I cherish most and that's CHAMS.

Japaul,prestige,Neimeth are all good picks.Sit tight and enjoy.

Shebi you know it will be hard for Chams price to pass N2.3 with their current financials, that's if it even gets to that price. Unless there is a general market bull you are in a long thing.

pluto09:
Not yet in my cscs statement.
That is why I want to confirm here if anyone has seen his/her own.
Has your own reflected in your account?

Mine has reflected a long time ago. If you are sure you purchased before the qualification date, contact the registrar with your contract note for resolution.

pluto09:
When did they distribute it as I am yet to see my own.

Check your CSCS statement

Omooloriredade:
Been digging to see if I overlooked anything in my assessment. Now I'm inclined to think the market actually knows what's up

Factors to consider:

1. There is a willing/motivated off-screen seller at anything below N4 maybe down to N3.60? Them get am plenty and are letting some go probably because of point #2.

2. The effect of a generous bonus. 2 for 3 for declared in November 2023 and with a January 2024 qualification date. One year after bonus declaration, additional shares are yet to be issued. Who does that? While the market appreciates bonuses, this one excludes 2024 buyers. What stops a beneficiary of the bonuses from doing a yard sale if they know they will still get 2 for every 3 they sell anyway? Points back to #1.

3. Current per share data and valuation doesn't include bonus shares which introduces some uncertainty. Will the additional shares be awarded and included in FY 24? If yes, then real eps is about 52k.

Off-screen sellers are to be feared and respected in the market. There's no telling how much stock they intend to dispose off.

One chairman has been selling Chams for months now. You get too excited or impatient and you drive up the price to N2.1x and he just supplies the market like....calm down with the gragra. It was interesting to watch yesterday but keen to see the Locotrader magic when the market opens later today. The Calvary may well have arrived to overwhelm this off-screen seller. I can see he is rallying the troops. I hail o.

Disclaimer - All in my opinion which is not gospel so please dyor. Also, my assessment of trading activities in Chams could be wrong.

Bonus has since been distributed.

designking:
Those still waiting for Aradel at ₦250 to enter will either forget about Aradel or be forced to enter at ₦500.

It makes no business sense to buy above 250 at the moment. If I can't get it at that price I am fine. There are other better opportunities

Has anyone received UCAP bonus?

Utalinmou:
Going forward I'll be careful with stocks that came from NASD because some investors may need to cash out due to liquidity issues. I pity holders of aradel because it is painful to see your good investment eroding value week after week.

I think OandO is still trending because some people didn't key in when it was still very low and they are not happy about it.

Please do anyone know if my sterling bank has released their results

The golden rule is to stay away from newly listed stocks and those that just finished share reconstruction. They will always come down for you.

Agbalowomeri:
I expect it to bounce from 300 next week.

Why 300? I wan buy at N250

megawealth01:
Where are those wanting to buy at below 500 abi una no pursue again?

Aradel is a N250 stock

Agbalowomeri:
8 months of consolidation

The incoming bull go mad gan

Get set and enjoy the bull

You no talk early. I don move half of my money to tbills

currentprice:
not a banking stock bro, it one of the popular stock that got battered during those bear period, though like any other stock, price up more than times 3 since then but doing fine fundamentally and the TA indicting preparation to fly

do ur home work small as ur DD

Which sector na?

Sunrisepebble:
NBS releases monthly data for Petroleum Product Prices, I track it on an excel, they release for AGO (Diesel), PMS (Petrol), LPG and HKK (Household Kerosene)

Is it tradeable? The data won't help me if I can't gain from it.

I think Nigeria petrol ETF or something that is tracking petrol pump price should be listed on NGX. We are missing opportunities here

Sunrisepebble:
The price is rallying due to the impending NGX listing, at time of the dividend announcement it was a 4% yield but that was also influenced by the announcement

What is the likely listing price?

Sunrisepebble:
Aradel at N6,200 now, full bid. He that hath ears to hear, let him hear. Better get in before the shares dilution, do not miss it.

The price is too high compared to their last year dividend.

modupeshow:
Sir please come and buy shares 😭😭🤣🤣

If you go sell am for N10, we will buy

Providus H1 result.

Slight decrease from 2023 but they have gone far in growth compared to 2022.

megawealth01:
Why did you backout?

Regulation...

Omooloriredade:
I wish I had an answer for you. However, a successfully recapitalised bank should fetch a premium to the value of the old bank. Reason for that is that negative equity is wiped, debt paid off and balance is used as Tier-2 capital. Please don't get me wrong. I'm not suggesting Unity bank shareholders will be worse off post-merger, of course not. My point is that Providus, a relatively new private bank on the scene is getting the better deal. Providus shareholders are the ultimate winners based on the merger ratio reported. CBN has given us an indication of how it values Unity bank in comparison to Providus. Why didn't they just bail out Unity separately?

Also note that, the enlarged entity will tap the market/existing shareholders/institutions for extra funds to meet the recapitalisation requirement. There may well be a SP pump post merger......wait is it going to be listed?

I hope I'm well understood. I wouldn't celebrate the merger but wait to see how it pans out except you already knew CBN had flagged the financial state of the bank and you're now relieved the worst is behind you. Then happy days ahead. I don't believe Unity bank shareholders will lose money. I question the merger ratio.

If I have managed to dribble my way out of answering your question directly, no vex o.

I guess this is how CBN rationalized it. I have a bank that wants to upgrade their license. I also have another with a national license that is about to go under, a bank that I have bailed out before, which means they need a new management and strategy. Since this new bank seems to be efficiently managed, why not combine the two, one would have the national license while the other will stay afloat with new management.

unite4real:
Wema Bank is the pioneer of fintech banking in Nigeria with ALAT since 2017.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www./overview-fintech-evolution-nigeria-samuel-muoto&ved=2ahUKEwjF9PPm0u6HAxWVUkEAHUgOKEEQjjh6BAgdEAE&usg=AOvVaw3yNTYZxSeFevZqKdYA1Opr

As at then Alat was a B2C (Business to customer) while that of Providus is B2B (business 2 business). Then, with Alat, customers open limited digital account with Wema without owning a direct account with the bank. For Providus, they onboarded fintech partners with super agent licenses like Monnify who then onboarded smaller agents like Fairmoney who now service individual customers depending on their products. I know this because I initially wanted to float a fintech product.

Omooloriredade:
Providus bank was delisted on 21-03-2022 according to the NASD website.
Reason for delisting - converted to a private Limited Liability Company.

Thanks for the update. They are most likely going to be listed on the exchange.

ojesymsym:
Most of the things you are saying here also applies to Wema Bank that is if they are not better with the digital banking component of their banking.

Wema bank came into the picture when Providus temporarily shut down their NIP services to the fintech partners due to too many fraud related issues with fintech. Fraudsters were opening accounts using victims' details without their knowledge on the fintech platform due to poor regulatory framework from CBN and moving funds with them. I remember the incident vividly on twitter because all fintech customers could not make transfers then. Monnify had to issue a public statement and switched to Wema bank. By the time Providus revamped the service, they had already switched to Wema. So I am correct when I say they are the pioneer. Wema took advantage of a situation to play in that space. What Wema bank had then as a digital product was Alat which is quite different.

.

megawealth01:
What's the current value of PROVIDUS?

Providus is a growth stock. One of the innovative bank that transformed from a mortgage bank in 2016 with a regional license. They are listed on NASD and I have been trying to buy their shares a while back cos I see them going far because of their innovation and strategy. They can be said to be digital bank in Nigeria. They were the pioneers of fintech integration to banks in Nigeria. While many people were opening fintech accounts, they were actually banking with Providus because their funds were digitally housed and settled in the bank. Great number of fintech partners including major ones like Monnify, Jumia, Fairmoney, Bet9ja (CFO is related to Bet9ja owner) etc were integrated to the bank. The integration boosted them with good liquidity at clearing house and they broke even in 2019. Since then they have been in profit unlike some of their mates. They made around N8Billion in 2022. But their cost to income ratio is high due to expansion drive. Going by their books they couldn't have been able to purchase Unity.

I guess the merger was strategic for them because instead of paying to upgrade their license to national they killed two birds with one stone with the help of CBN.CBN also pumped in bailout funds of over N600Billion to clear Unity bank obligations. If owning a share of Unity bank means automatically becoming a shareholder of Providus, I will grab it immediately. Imagine a bank that broke even just 3 years after they started and by 2022 was making profit that is about 42% of what Sterlingbank that have been in the business for long made in the same year. That is aggressive growth and I want to be part of it. Their niche used be the affluent and HNIs while they serve retail through fintech. I guess they have changes now since they are going national.

aj8:
Common Sense Strategy for Total Energies. Target is N480.00 minimum and if by x5 of EPS = N600 . Hence range is N480-N600. Still has at least 10% upside from current price based on EPS x 4. However if they pay dividends of more than N30.00 , price may attain the upper limit of the range.

The current price is N427.70. Still has about 10% + from lower of the range.

I get it now. I thought the 4 represent current quarter cycle and only multiplied by 2. Thanks for the patience.

aj8:
1. Do you think this system works on other stock markets like say the US? …I have only tried it on the Nigerian Stock Market. Has worked for me for over 20 years. DO NOT APPLY TO ANY OTHER MARKET OTHER THAN THE NGX. I do trade on NASDAQ but limited to Biotechnology where I can apply my medical knowledge. For this, I simply put up notifications on Yahoo Finance to jump in at support for selected companies with huge prospects and FDA catalysts like PDUFA news, etc. The chances of being profitable increase by buying at the right price. And again, no profit is profit until taken and banked.

2. Do you use it to buy to hold or to buy and sell when the time is right.?…..Can work with either. It’s all about buying at the right price. See it more like buying a shirt at a supermarket. Of course, you would like to buy it when the shirt is on sale. Stocks likewise are sometimes on “sales” e.g. when bad news strikes, or simply when the price dips. Look for support and police that point for buy market reactions. Volume most times ticks up if it hits a point that the market perceives as a good entry point. Also when the eps suggests that the stock is grossly undervalued like what I term Common Sense Strategy…buy! I sincerely hope my response helps. Be profitable.

I tried your common sense formular on Total using the current half year EPS. The entry price calculated is N96 which is far below the current price which I think is a good entry price. help me confirm if my calculation is correct. H1 EPS is N60.

SonofElElyonRet:
Thinking of selling a large chunk of my Transcorp Power shares at a discount via a cross deal. About 10,000 units. Any serious buyer can make me an offer and I'll decide if its good enough.. if i accept your offer, you'll have to deal with my stockbrokers who are based in Lagos... send in your bids if interested 😁

N100 per share. Instant payment

Streetinvestor2:
Tony and ucap you guys can do it.The target should be #25 and above.Tony when you are done you move to transcorp plc

I think something else is cooking in UCAP. The staff are buying the stock in droves.

KarlTom:
Does anyone know the QD or/and PD for CORNERSTONE?

Their H1 result is over fantastic. Immediately I saw it I knew I had to go in.

Streetinvestor2:
It is obvious you work in that sector or with mtn.The day mtn decides to leave or government kick them out.That same day you will see plenty that are ready to take over.I don't mind it being Asians or Indians coming in.The SA don't wish nigeria good for anything. They are enemies within which is the worst kind of enemy to live with in this present nigeria economy. They don't wish our economy to surpass theirs that is why mtn is draining our forex to sa instead of reinvestment here.

Everything I said is public knowledge. I am just an investor. I keep hearing draining forex. What percentage of forex exported from the country in a year goes to SA? How much of your forex are your politicians exporting? Interpol reported it's hundreds of thousands flown out every hour. Other international companies that reinvested theirs, what happened to them?

Has Tinubu signed this bill?

SonofElElyonRet:
No one is indispensable .. there will always be a way. Na den u go know say money bags are always ready for acquisition...

To purchase their shares at today's price you will need over N3Trillion Naira. They will also likely sell it at a premium. You will also need roughly about N2Trillion to start running it. How much is Nigeria's budget again?