₦airaland Forum

Streetinvestor2:
OK boss.For me and household we are not buying because we can see better choice in other banks

I think that is what OGG is saying.
Those guys will prefer you don't take up your right.
They will be more than happy to take it up.

BullBearMkt:
...I will jump & pass your addendum

You be correct oga now .
But seriously I find it very hard to trade some stocks when I look at their books even though they have a good technical set-up.
I have been looking for ways to manage this.

BullBearMkt:
...the person you are trying to defend is also guilty of what you are accusing @iHaveMadeiT2 for. Saying that a company is dead due to the founder's demise, without any data/information to back the claim up is like a wish, which @iHaveMadeiT2 is trying to pray not to come to pass.

I don't think bovali is wrong to say that the company is dead, and that is not because the owner is no more.
Looking at the company financials, the fundamentally inclined analyst will most likely agree with her on the viability of the company.
That is not rulling out the possibility of resuscitation and the possibility of people making money by trading the company shares. After all people have been making money trading dead companies for ages.

Stan2330:
How can one identify bad management before it starts reflecting on share price

If you look well at the quarterly financial print, you will know a company that is not doing well.
The financials of most of the brewery stocks had all the signs of underperformance before it started reflecting on the share price.

Agbalowomeri:
Oga BBM loves double bottom

On a serious note sha, that's a very good setup

How do you reconcile TA with FA?
I Just checked eternal last quarterly, q1 results and I was not comfortable with what I saw...
Negative equity
Negative retained earnings
Loss after tax

I am thinking q2 might also be bad..
Won't that have an effect on the TA set up?

BullBearMkt:
...here we go

Thanks, your students are loyal

BullBearMkt:
ETERNA OIL IS A LAGGARD IN THE OIL AND GAS SECTOR - BUY
In the leading sector and lot of heavy buying and selling ongoing with double bottom formed. Price struggling between 14.40 - 16 in the last 3 weeks. This is a BUY.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Oga BBM, I beg put the charts......

nosa2:
I'm looking at FCMB Q1 2024 result and the published EPS is not making sense. The maths is not mathing. If one divides the profit by outstanding shares the number is approx. 1.45 as against the 5.8 they published.

Abeg can someone else cross check this?

I don't want to believe they will make such an error

Profit attributable to equity holders (N'000) 28,770,276

Weighted average number of ordinary shares in issue ('000) 19,802,710

EPS 5.81


These published numbers dont add up.

Please did they do a conference call?

They probably annualized the earning.

chillykelly86:
You know they have been battling through some heavy non-performing loans in the recent past. Could it be that CBN thinks they need to retain more of their earnings due to the impact of that on their financial health?

Omo, this work wey I give myself today. Be like e no go easy oo.

The cbn has a general guildlines for all dmb with regards to dividend payment and does not single out an individual bank for restrictions.

BullBearMkt:
...not good to use media to judge; they have become politicised!

We are attracting fpi instead of fdi.
This will not take us anywhere.
It is not a good thing when manufacturers are closing shops and all what a country enjoys is hot money which will become another problem in a short while when those investors are ready to repatriate their funds.
BAT has gotten to sit up and work.

Agbalowomeri:
They want to scam another generation Lol
PeTEriChY and MyJoy08 never still recover from their last adventure over 10 years ago

As long as they keep coming, they will always get plenty people in their trap.

Locotrader:
My oga,na your slogan I dey follow now.

You are no more dragging oga position with cp again

yMcy56:
My $$ boss will be smiling today......
Everything na turn by turn.....
Bull turn will also come too.....
We can say the Market moves more on sentiments that TA/FA combined.......very volatile!
* Dividend investors should be watching to enter at good bargains anyway, so also cap appreciation investors should be cherry picking.....
* If already in the various buses, make una exercise patience....

Everything is in the charts o(TA) Na anywhere belle face is TA.

Adinije:
Give us signal o. Make we buy abi make we wait

You want agba to tell you to buy in April.. ...the journey might be far o.
Time to test the patient of those that have been claiming to be long termer.

yMcy56:
This volatile Market self!
What's the cause of today's dumping again?
Inflation level or what again?

The market moves more on sentiment in my opinion.
This might be the time for people like agba to shine again.
It is turn by turn, we might be starting another cycle of bbbb.....

KarlTom:
Your 'average' is tired of averaging...

This DANGFOOD matte na patience go solve am.

A Yoruba slang says elemi lo maa last (the rugged will go the whole nine yards)

And if the merger is not consummated till bull goes back to sleep and the bear takes center stage....

crownprince2017:
Even as small as I am, I can comfortably give 20% without loosing my sleep every year for that long in this Nigeria. If 20% is a big deal I shouldn't be in the stock market.
Nobody that is earning money legitimately as an entrepreneur will choose fixed income over equity. especially, 20% for that long.

You are definitely wrong on some of your assertions
We have many people even in this forum who are earning money legitimately and are into fixed income.
It is all about risk appetite and how individual decides to manage it.

Zagee:
If dumbo dullard and unfortunate meffy kept it at 700, why can't tax collector and Cardi B work that magic out. Sustaining it at 900 sef is enough. Let there just be stability that's all!! And they badly need it.

There is no magic anywhere.
What meffy did was not sustainable.

Zagee:
Speculators how market? . Credit to oga Cardoso for being PROFESSIONAL(hope he stays so)! It's left for Bulaba to keep his own end intact.

It might be too early to start celebrating.
A lot still need to be done.

Locotrader:
A stock with 1.2 Billion OS making a profit of #1.5B Naira in Q4 2023 and you called it illiquid stock. Which penny stock has this eps at the moment?
The body language of this stock shows its going to be a leader of the insurance companies in the next 5 years and price will be heading to #10 with the continuation of positive financial results like this. Unless they are delisting . I rest my case.

Just to balance your view, I think it will be better if you State that part of those profit might not be sustainable coming from disposal of business.

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Fixed exchange rate does not work by fiat, it can only work when the government has a robust reserves to play with and can be easily used to defend the home currency.
For now, our reserves is almost nil and so we don't have the dollar to defend the naira.
I don't think we have a choice than floating the naira, thought it is very unfortunate that speculators have hijacked the whole process and make it messy.

I don't envy tinubu and cardoso at this point.
It is a tough one.

emmanuelewumi:
If saying the fact as it is, is termed being controversial I rest my case.


It appears we love things to be sugarcoated.


The people that should not be bothered by what is happening are long term investors. If you are a short term investor, you need a good risk management.

I think some of them bought high though they are claiming to have bought low.
The way they jump out to attack anyone that mention the possibility of bear market is intriguing.

Streetinvestor2:
They should have known the stock market is a marathon not spread race.And TB is just one year target. Or better still tried bet naija which could give 100% in a day

And stocks will just continue to rise forever in a marathon...

Streetinvestor2:
Did anyone ask u to come to the party late.why should I calculate my dividend yield base on when you bought or the present price.And how about the companies that will not even pay dividend for the yr.
The bull will continues till 2025 till when thr will be clear indication this government has failed. For now they are work in progress....I remain street credible

Be calming down.
I made that post in respect of people that may want to buy TB now.
If you cannot get a guarantee 10% dividend yield in the stock market,don't you think it makes some sense for some to put their money somewhere they are sure of getting 20% yield.

Streetinvestor2:
Depending when u bought my guy.All my stock will give far above that

I am talking about the current price in the market.

yMcy56:
Not even when results are coming and dividends will be declared......
Some dividends alone will take care of their so called yield self.
Different strokes for different folks!

Can you mention some stocks that you think can give a dividend yield of 10% and above.

Streetinvestor2:
If you get it now or at the end of maturity you mean give 23.4 because they reinvested for u.No vex pls explain

Just look at it this way,
If you are investing 1m in TB @ for example 20%, the 20% of 1m which is 200k will be left in your account if you choose the option of not reinvesting your interest.
So what you effectively invest is 800k and the true yield will be 200k/800k multiply by 100 minus tax.

Streetinvestor2:
The money market fund I am asking is the one that runs on daily like savings account which he can make withdrawal anytime or add to it.
He is equally going to do 364 TB.He is in lag.i told him to go to any fbn tomorrow for it.

If he wants to do mmf, he can register with stanbic at the comfort of his house.

veecovee:
Looking at today's price, salt is seriously lagging behind. Am begining to think there's something we do not know

People might be looking at time factor.
DS shareholders will have their share automatically converted to DF while those in NASCON might have to wait for theirs to be listed which might take some time.

BullBearMkt:
...boss, there is nothing to prove to you, if my previous posts cannot convince you, I think subsequent ones may likely confuse you

Oga BBM, you are doing well and we value your contributions here. Pls don't be discouraged.

BabsO2:
This could create a big mess. Based on current economic and social condition of the country it could lead to steady continued devaluation, except economic and social conditions improve to make Nigeria attractive for both Nigerians and Foreigners. This policy on its own has a tendency to worsen things as people run towards perceived consistency. However, if security (a social condition) improves this policy could make some economic activities attractive, especially those that substitute imported goods or are involved in exports from Nigeria.

One major problem with the current forex crisis is lack of clear guildlines on forex transactions which has led to all manner of onorthodox practices.
A high percentage of diaspora remittance are not actually getting to the country.
How could someone be in London or newyork and be exchanging pounds or dollars for naira with the dollar and pounds not getting to the country.