₦airaland Forum

BullBearMkt:
@ogoo4real, just be patient and you will see many more opportunities in the near future. In terms of which of the 2 stocks you mentioned is better for short term profit, then I will ask you back that what is your short-term? Is it 1 day or 1 week or 1 month?
Not that short term carries its own risk.

ositadima1:
I know you were not referring to me, but I am a busybody nah. Full disclosure, I captured 46% of the 55% move from this year's low already.

Based on my valuation of the company's 2022 financials, I believe the fair value of the stock is 18, so hopefully there is still 30% of upside potential.

Technically, the OBV indicator is looking up, price broke the 10 support/resistance line, and it made a new high. The monthly bars are increasing with corresponding volume. I believe the stock is not doing badly and there is no reason to sell it. However, I would like to see how it reacts to the dividend mark down coming on Friday. Overall, I would still hold the stock, but if you are inclined to sell, watch for it to close below a negative 6%, that should be some kind of warning.

BullBearMkt:
Hello everyone! I hope we are all ready for the next half of 2023.

I made a quick report on NSE market, you could explore the report that dives into the performance of the Nigerian Stock Exchange in H1 2023 and offers projections for H2 2023, mainly TA.

Click on this link ==> https://drive.google.com/file/d/1h2OMrTmZMH_mIYZkuNXL_82Jv8tX7BbN/view?usp=sharing

PLAN YOUR TRADES AND TRADE YOUR PLANS

Agbalowomeri:
Oga Emma why you dey mention woman na

ositadima1:
I used a very simple idea. If I owned a business, what minimum return would I expect to earn on my invested capital? One way to estimate this is to set the risk-free rate of return, such as the yield on treasury bills, as a floor (plus a premium for the business risk).

From the company's PAT, we can work our way back to what my capital should be hypothetically, and then I call this fair value because everyone else calls their estimates fair value.

Note that this is why I cannot make estimates when a company has negative PAT and I have only ratios and comparative analysis to fall on.

Also, there are very complex methods that use multiple inputs from the financials spanning several years, but I do not have the time or the will to stay in one place doing data entry when at the end of the day you will still need to estimate and project some values.

You can ask the Oga's to give you their more elaborate and probably more accurate method.

I guess talk plenty without answering your question.

ositadima1:
Here are some stocks, their fair values, and their divergence from fair value (VPD). I used 2022 reports as my source. PE was as of yesterday. You can see that I sorted them in order of rising PE.

ogbs2020:
.

Funny girl ?!

I don't fall in love with stocks.

The reason l recommend a sell is because cowboys have moved on from the stock.

She moved from 4.15 to 4.45.
Cowboys have dumped it already.

Look at fidelity now... It has been dumped as predicted.

I will only give you buy advise if asked?.

Streetinvestor2:
Monday we move to another corrupt company. And make 100 percent gain

locodemy:
Pls let someone post the screenshot of chams trade.Still having issues with mytradebook

currentprice:
Nahco reach the stop we see today.

welldone for those who join to make d money

....and again there is this one small ogboge company that begin showing a light green flag on my bedsheet.. can this turn to full green flag? analysis continue. still searching for this year stock that will surprise the market.

fingers crossed

locodemy:
Good one from chams.Mercy Japaul and chams delivered as expected.100 - 200% move in near term

https://doclib.ngxgroup.com/Financial_NewsDocs/38448_CHAMS_HOLDING_COMPANY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

drotba:
Meristem that one cannot login for over a month now.

currentprice:
now people are looking at Dangote Sugar without taken action at CP

fv of Ds is something else back up with full of oxygen

okay o sooner or later DS go begin making sense

locodemy:
I thought disposal of assets will lead Japaul to full offer this morning.
RT briscoe in my memory now

Mercy, it has started ooooh

Market must do justice here

yMcy56:
Any link to this pls?

Closing date is supposed to be 26th as seen clearly on the form.
FMN sent notification to NGX on 29th July while the letter issued by Honeywell to confirm the MTO was dated 11th August........so how could the closing date have been 4th Aug
Just needed more clarification on this.

@slimdove , the thing is that they may end up taking a smaller fraction of whatever units you tendered, depending on their qualified investors criteria.......because a lot of tender may be received.

Toluway:
Please is anyone here very close to any of the officials of African Prudential Registrar?
The desk officers have made me to send so many documents over and over again.
Now, they have refused to communicate me further on whether I have met their requirements or not.
Any time i called them, they told me they would send me a mail; and they would not.
The registrar has not been paying dividends on my stocks under their supervision for a long time.
I don't want to start taking official actions yet; you know such process can be stressful. Can anyone help?

locodemy:
Take 5️⃣

Heishere:
GTL are a bunch of nitwits. Very incompetent motherfuckers. SEC should come up with capitalization drive for registrars so that a lot of them like Greenwich can disappear. You are on a long thing with those guys.

Nigerialabalaba:
Baba, dem yapa on nsempa sir.
Respect!

Nigerialabalaba:
Hahaha....Baba , dat C-word na curse word for now o . I go let am pass. I still remember dat African China song
"if I say O
you say P
........."
igi pawpaw o ni wo pawa o.

Okomu and O dey sweetie my belle no be sumol. NGx na place to be. Up nsempa.

gentop1:
The bonus share has been done since February, if my memory saved me well



quote author=iby2000 post=112367392]Good Morning Great People

Please i want to inquire if CUTIX PLC has started fulfilling their Promise of the Shared Bonus 1:1 for every Share held in the Company?

Thanks a lot

Wapgod:
Thank you, Sir.
I have done this but I don't expect it to have any effect.
The last time I sent an email to the CBN specific email addresses for reporting financial institutions.The only reply i got was an automated one.
I have lost faith in this regulators.

currentprice:
Ekuu Mkt o

holm:
LAGOS, NIGERIA – MARCH 22, 2022
RESOLUTIONS OF THE BOARD OF DIRECTORS OF CHEMICAL AND ALLIED PRODUCTS PLC
At the Meeting of the Board of Directors (the “Board”) of Chemical and Allied Products Plc
(the “Company”) held on Monday March 21, 2022 at No 2 Adeniyi Jones Avenue, Ikeja, Lagos
at 10.00am, the Board resolved as follows:
1) That the Audited Financial Statements of the Company for the Year Ended December
31, 2021 be and are hereby approved; and that same be submitted to the NGX
Regulation Limited, Securities and Exchange Commission and any other relevant
regulator no later than March 31, 2022.
2) That Mr. Yomi Adenson be and is hereby appointed as Executive Director of the
Company with effect from April 1, 2022 subject to approval of the shareholders at the
next Annual General Meeting.
3) That Mrs. Ifeoma Chuks-Adizue be and is hereby appointed as Executive Director of
the Company with effect from April 1, 2022 subject to approval of the shareholders at
the next Annual General Meeting.
4) That a dividend of 125 Kobo per ordinary share of 50 Kobo each be recommended for
payment to the shareholders subject to appropriate withholding tax and the approval
of the shareholders at the Annual General Meeting.
5) The Board hereby recommends the following resolutions to the shareholders of the
Company for consideration and approval as special business at the Annual General
Meeting of the Company scheduled to hold on Thursday, June 16, 2022:
5.1. That in connection with the dividend to be declared by the Company in respect of the
year ended 31 December 2021:
(a) shareholders entitled to receive cash dividends be offered a right of election to
receive ordinary shares in the Company (“New Ordinary Shares”) instead of
cash dividends, and that such New Ordinary Shares be credited as fully paid;
and when issued, shall rank pari passu in all respects with the Company’s
existing ordinary shares;
(b) the election to receive ordinary shares instead of cash dividends shall have
been exercised by shareholders on or before June 7, 2022;
(c) the New Ordinary Shares to be received by Shareholders shall be determined
by their cash dividend entitlements divided by a Reference Share Price, which
Reference Share Price shall be the ten-day average (starting on June 2, 2022)
of the Company’s closing share price on the floor of Nigerian Exchange Group;
and
(d) further to the above approval, the Directors be, and are hereby, authorised to
allot to shareholders who elect to receive ordinary shares in the Company in
lieu of cash dividends, such number of New Ordinary Shares as shall be
determined by the Directors in the manner set out in resolution (c) above.
5.2 That upon completion of the process for the payment of dividend (including without
limitation, the allotment of the New Ordinary Shares to shareholders who elect to receive
same); and pursuant to Article 47 of the Articles of Association of the Company and
Section 131 of the Companies and Allied Matters Act No. 3 of 2020 (as amended), the
Company be and is hereby authorised to reduce its share capital by the cancellation of
the total number of unissued ordinary shares in the share capital of the Company; subject
to obtaining all relevant regulatory approvals and the order of the Federal High Court
confirming the reduction of share capital.
5.3 That subsequent to the cancellation of all of the unissued shares in the share capital of the
Company in accordance with resolution 5.2 above, Clause 6 of the Memorandum of
Association and Article 3 of the Articles of Association of the Company be amended as
necessary to reference only the issued shares in the share capital of the Company.
5.4 That the Directors be and are hereby authorised to take all such lawful steps, pass all
requisite resolutions and do all such other lawful acts and/or things as may be necessary
for and/or incidental to giving effect to resolutions 5.1, 5.2 and 5.3 above; and all prior
lawful steps taken by the Directors in the above regard be and are hereby ratified.
Dated this 21st day of March 2022

yMcy56:
FIDELITY
Sighted @3.10!!
How much dividend is the bank coming with this time around?

PZ Vs. UNILEVER
Both companies seems to be on recovery path......
PZ sighted @above 8......Gave dividend of 25k in Jan 2022....for 2021 fye..

UNILEVER on the other hand also exited loss position..........had dividend consideration as one of the agenda for the last Board meeting held on 17/3/22, also on the agenda was the deliberation on the issue of "Unissued Shares". Awaiting the outcome.

**Caveat: Just market observation. DD advised**

rebekah2011:
My Oga, this is not possible in the next 30 years sef. What will drive these stock prices to this level? Nothing.