₦airaland Forum

emmasoft:
yes investors can trade trade online any in the world.
the charges are attached

You can not trade as on Meristem or Morgan capital. upgrade pls

IYGEAL:
The stock is grossly oversold.

Where is the result though?

None yet, i searched everywhere, couldn't find any

PETERiCHY:
Based on GUINNESS Q3 2020 results

BOOK VALUE is N40
RETAINED EARNINGS is N20
SHARE PRICE is N13
BRENT PRICE is $45

BARGAIN HUNTERS WHAT ELSE ARE YOU WAITING FOR

Normally, i don't invest on hope, but today, i am taking a risk with you on this one.. order is placed

Tvegas:
Can investors trade online with investment one? I mean like itrade with Morgan. What are the transaction fees like?

No

These days sellers are not willing to sell low, and buyers are not willing to buy high.. flat

All my traps failed yesterday, hopefully today will be better

fxuser:
Nse / Banks / Et al
- mkt still technically struggling to bend d existing trend
- what to look for , a break above previous high (that was a technical LH)
- the longer the range , the better to give respect to existing trend
- see it as it is
- cheap can be cheap longer than you expect

Just passing thru
#BlessDay

Thanks bro for the update

Valueinvestor:
No matter how apt, ones research is,one must still leave room for uncertainties

"Never play macho with the markets -Paul Tudor Jones

I agree with you, and to top it up, some people here were too emotional about the useless UACN stock. Hence they will loose money big time..

When PapaEmma was talking about how not to trust the current management, people called him names here..they made references to how he got it wrong with CCNN transition to BUA... Such individuals know nothing about corporate governance in my opinion

I feel sorry for a guy here who was bragging he sold everything he has to enter UACN due to unbundling

Arizona042:
Oga you are a fucking cheat. U want to start using the platform for roundtripping. This is one of the reasons reputable brokers exclude Nigerians. I will personally contact the platform to have you banned. Idiot.

Thank you bro. That was exactly my point

sky2891:
Thank you so much but if I am ready to loose out on one, which do you think?

UACN, thank me later

lastclaire4:
Please can someone help me with this answer? Thanks as always.

You want to cheat the system abi? Why not fund your domiciliary account from aboki first then transfer In that way, you can receive back same way..

Everywhere we must show ourselves.

Best of luck

onegentleguy:
1st off, I'd like to say a big kudos to u for ur effort towards guiding the forum... particularly newbies.
...u do a noble job dear !!

That said, I'd suggest u add or replace certain indices therein with their better but similar key lines to help broaden ur perspective, rake-off more risk premium and better mirror/reflect the search for VALUE !!

For a start, u need to replace that debt to equity line with; LTDC ratio(long term debt coverage ratio)... a financial ratio that seeks to ascertain how a company's cash flow replicates its Long-term debt.(LtD)
...and add the lines; CURRENT RATIO/QUICK RATIO and INTEREST COVERAGE RATIO to better describe how well a coys equity can adjust to its debt burden.(debt/equity)

In weighing a coys leverage against the quest for REAL RETURN, there's an issue with utilizing the debt to equity in isolation. A company X may have low debt to equity and still be a VALUE TRAP, while its same sector peer coy Y, may have low debt to equity but yet, highlight immense VALUE !!

Let's break it down;
The idea behind debt to equity is to gauge how a coys extent of laverage compares to its stakeholders equity with a view to seeking VALUE.
mathematically, D/E ratio= Total liability/Total equity.
So by variation, as TL rises, D/E increases... but there's a problem.
While the D/E formula captures a coys TL, it does not tell u what % of that TL will need to be paid down in the short term.(current liability(CL) against TL in view), which blurrs the act of projection VALUE.

To illustrate;
Two P2P coys V and W. ...V has a TL of N2B but CL of N0.5B, while W has a TL of N1.5B and CL of N1B. ...assuming they both have the same stakeholders equity of say N3B.
...then, an investor might be tempted to think that the coy W with D/E of 50%(1.5/3x100) is a better pick than V with D/E of approx 66.7%(2/3x100), but this is for the most part untrue.
With coy V, just 25% of CL makes up TL(0.5/2x100), unlike coy W with 66.7%(1/1.5x100).
The interpretation of this is that Coy W is 2.6x likely to experience pressure on earnings/NI from interest expense and as much strain on NWC(net working capital), ceteris peribus.
...which will take a bite off their C/S/EM/EPS and contract ur push for VALUE.
Remember; Ur buying into the future value proposition of a company.

Let's dig a little further...
Assuming u now add the lines current ratio, an indicator that tells the story of how well a coy manages its short term obligations(CA/CL), u can then easily better factor in what liabilities a coy needs to meet, with its payable in the near term, to better guage value.
Btw, if and when u notice that a coy is witnessing decelerating revenue and low earnings amid contracting receivables and higher or stagnating inventory position, then it'd be best to utilize the QUICK RATIO which is similar to CURRENT RATIO but discounts inventory.(level of solvency to duplicate short term debt without future sales in view).

To support ur perusal of the CURRENT/QUICK RATIO, u add the INTEREST COVERAGE RATIO(ICR)... a financial tool that paints a picture of a company's ability to make interest payments on its entire debt load. While this ratio does not tell the "whole story", it is extremely important.
ICR= EBIT/Interest expense.
For emphasis, it'll be best to align with coy X with an ICR of say 3 than another Y with an ICR of 1.7... even if the former has a high D/E of say 65% and the latter has a low D/E of 30%.

Finally u replace that D/E with LTDC ratio, mentioned above.
As I stated earlier the D/E ratio is handicapped by its inability to properly isolate and compare short term obligation to a coys overall leverage.
The solution is in the LTDC ratio, which compares free cash flow to long term debt.(LTDC=FCF/LtD)
...that way, u can adjust ur estimates to reflect realities(coy/asset financial position in view), better discount RISK and seek REWARD.

In summary; REPLACE D/E RATIO with LTDC RATIO and ADD CURRENT/QUICK RATIO and IC RATIO.

These indices are very important. When u can fine-tune them and add a few others, u can tell a troubled coy. ...including one that might be looking to raise funds(debt or equity/rights issue) from the mkt.

Will highlight a little more for u in due course.

Regards

OGG himself

Sir please give me 3 stock picks at market current prices for 6 months to one year. I will do my dd

Best regards

onegentleguy:
For those set(UGAZ), H1(half yr) report will be audited unlike the others that released their unaudited results.
I want to believe that CMO(capital mkt operators) prudential guidelines, allows for an extended period of a maximum of 30 days but with a grace period of an additional 30 days to allow for CBN scrutiny post the end of the financial timeframe for banks releasing audited print, but 30 days(with no grace period) for the unaudited ones.
...which, I think, occasioned the influx of unaudited result from banks in the last few days.

So expect the report from UGAZ in August.
The unaudited ones that are yet to release theirs(like fidelity) have until tommorrow to do so, or maybe face a penalty(fine)

Regards

Thanks Oga OGG �

RabbiDoracle:
Yes o.

It could be wounding on you guys.

Save, invest, reduce expenses, reduce debts. It could be longer than economists are predicting.

Thanks Rabbi

RabbiDoracle:
Q2 2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)

US GDP numbers: analyst are forecasting - 34.1% (minus 34.1%)

This looks like the developed economies are going to have a big bang! If you are there, brace for impact.

Unfortunately, summer is about to end after August and most countries that are dependent on tourism saw very few numbers of arrivals. Greece, Spain, France, Turkey, Malta, Austria, South Africa etc could be impacted harshly by slowdown in tourism.

We will see more as we enter into August.

Negative impact right? I live in one of these ooo

Yet to see results for Gtb, Zenith and access. What's happening?

Whatever you take from this forum depends on your investment horizon and your due diligence.. few pages back, i responded to Ogg's analysis on ETI, clearly he identified a good stock but of course i made a little research on the said stock based on my model for investment (not the right fit). I quickly move my search elsewhere.. we joked about it and that was it.

No need to take things personsl here.. we all have one common goal (To make money) using different criteria e.g. RabbiDoracle, Meships, fxuser, bullbear, loco etc.

I'm a learner too..

Tvegas:
No problem Baba your point is well noted. I don't just want us to get to that point where analysis of the gurus here cannot be questioned. Sorry if you find the portion in bold distasteful.

You spoke my mind

UACN how market?

http://www.nse.com.ng/Financial_NewsDocs/31097_MTN_NIGERIA_COMMUNICATIONS_PLC-MTN_NIGERIA_COMMUNICATI.pdf

MTN interim dividend N3.50

The way FBNH will surprise people.. i just they laugh

jideflash:
Wonderful result from FBNH. im glad to be loaded there.
Let's be mindful, that the group has sold their insurance company, which can be seen from profit for discontinued operations.

With fbnh, i have to average UP not down to increase my holding

onegentleguy:
Ok sir !!
That's understandable. ...everyone must not own all coys.
U must not align with ETI.

Regards

Yes sir, ETI bus is not heading towards my direction, I am patiently waiting for WAPCO and DANGCEM at my junction. Hopefully the conductor will see my break light for corner and stop, so that i can enter

Edited

onegentleguy:
On ETI;

Earnings strained amid higher impairment charge despite an increase in NII.
Slight pressure on cash flow but VALUE proposition remains intact.

Using a mix of valuation model that extensively discounts risk, each unit of ETI is rightly priced @ N11.72.
The current price is therefore a strong BARGAIN.
...BUY !!

Disclaimer: Due dilligence still applies as always.

The stock has no dividends sir. I am a dividend HUNTER

RabbiDoracle:
You are writing 2 contradictory things. First is saying that there is increasing NPLs in banks and at the same time you are chastising CBN for LDR.


CBN said give loans to the people so that businesses can use it. Otherwise we will sterilize the excess funds from you.

Banks are scared of NPLs, so they don't give out the loans as fast as they should when proper risk assessment isn't done. Since they don't do it as at the stipulated time CBN gave for sterilisation, CBN goes ahead and deduct the excess deposit.

Why is CBN doing this? So that banks don't use it to invest/bet on non-core operations like making excess money from Tbills, Bonds, currency.

Even if there will be NPLs, it will be as a result of the existing and currently running loans. But banks being proactive and forward-thinking now will prefer CBN to hold their money at zero interest than lose the money via NPLs in this turbulent times.

Thanks for the explanation Rabi. Sometimes when you read such assessments about companies, you are triggered to click the sell button

Godlylifeoneart:
Not a big issue.
The most undervalued, underpriced listed equity is champion breweries.
With asset dwarfing liabilities in the ratio of 8:2
Should the company be liquidated today, investors will reap at least 50 to 100% of Holdings

An illiquid stock is a No No for me..

lancee:
If they pay 35k .. Maybe Gtb do same


Zee .. 30k/ 35k .. Gtb .. 30k/35k.. Uba ..20k /15k .. Access 20k/25k

You are dreaming on that one.. Has access ever paid more than 50kobo full year

Please i need answers.. i am not sure they ever paid interim

When we tell people here to buy DangCement.. they wont listen.. Alhaji stocks no dey carry last

ositadima1:
It was actually 29%, I bought at 116 and it traded up to 147 for days in huge volumes. I could have offloaded all of it. Now, 24% gone into the wind.

I no too blame my self sha, I bought it for long term back then. Plus, Afriprudential registrars refused to process my e-mandate and dividends on time. Imagine, I was just receiving my dividends a few days ago.

Funny thing is that it doesn't seem like this downturn is ending anytime soon, prices may revisit the previous lows.

Buy more

CashDiMkpa:
That's why holding any stock for ever mindlessly does not make sense. Once the market prices your stock higher than your valuation, why hold on to it? You can sell and buy back later.

Imagine those that sold Zenith at close to N40/share in early 2018 and buying back now. Compare them to those taking N2.50k profit every year since then. Who is better off?

The bolded very correct!

sincerelymine:
Will FBN break this support tommorrow??

Most probably, No! you can already see a rejection at closing

debeey87:
How were you able to get across to Veritas, I have tried sending them several emails but no response.

i used enquiry@veritasregistrars.com/+234 1 278 4168