₦airaland Forum

OakPearl:
Dear day traders, here's to a happy new week.

EXPR-$1.80
AMTX-$4.39
SPRQ-$11.75

Be safe with your stop loss and don't be greedy with your gains

Good luck.

SMA50:
Well done. $COUV, $ATOS, $NNDM, $PLTR are good to keep an eye on and plan near-perfect entry positions for this week

suzzyrims:
When does the market open. I wanted to place a trade on trove, I saw that the market was still closed. Also,can I trade in pre- market?
Thanks

posty56:
is going fine ever since I joined some telegram groups thanks for caring will update you.

ukay2:
I bought more Vitafoam plc shares at N7, will buy more at N8 and below after markdown....more growth and dividends expected if they continue to do well going forward

Jcob:
Anybody following $amc? The short interest is over 70%.

Jayjaycee18:
Sorry for the late response. I have been in transit in the last 2days and in now a time zone that is 10hrs behind Nigeria time. I will try not to make this post too lengthy, while still providing some guidance based on my modification of the CANSLIM checklist, which I adapted from the Investors Business Daily and reading books by the likes of Warren Buffet and Benjamin Graham. Most of the metrics are still very relevant in spite of how long ago they were introduced. However, feel free to modify these metrics as you gain more experience in the stock market. They are not cast in concrete.

Even though the list below is not exhaustive, you can check the following as part of your due diligence before buying any stock(s):
1. Is the coy among Top-Rated stocks in its Industry Group?: Yes
2. Position of coy in its Industry: Top 2 (e.g. Tesla and NIO, PLUG and FCEL, SBE and BLNK etc.)
3. Competitive advantage (moat): Can company increase product price without losing customers (e.g. Apple release of new more expensive IPhone)
4. Current share price compared to its 52-week high: less than 20%
5. Market capitalization of at least $2 billion (NA – not applicable for penny stocks)
6. Dividend Record: has paid a dividend for at least 10 straight years (NA for pennies)
7. Earnings Stability: positive EPS for at least the last 5 years (not applicable to penny stocks)
8. Consecutive Quarters of EPS Increase: 3 or more
9. EPS % Change Latest Quarter vs same Qtr. last year: 25% or higher
10. Annual % EPS growth rate of last 3years: 20% or higher
11. Latest Quarter % Earnings Surprise (actual EPS versus analyst estimates): >10%
12. Average growth of Last 3 Quarters EPS: 20% or higher
13. Sales/revenue increasing over the last 3 Quarters?= Yes
14. Sales Growth in Last Quarter: 15% or higher
15. % sales growth in latest Qtr. vs same Qtr. Last (prior) year: 15% or higher
16. Average sales % change for last 3 Quarters: 20% or higher
17. Sales growth greater than peers/competitors (indicates “moat”)
18. Sales growth (CAGR) for last 5 – 10years: > 15%
19. Sales CAGR ~ (approx.) = Profit CAGR (in a moat, increased sales leads to increased profit)
20. Upcoming catalyst (new product/service with est. annual revenue >$200m): Yes
21. Return On Equity (ROE) from last annual report: 15% or higher
22. Return on Asset (ROA): >15%
23. Relative Strength Index (RSI): 75 or higher
24. Average Daily Volume traded in last 50days: 300,000 or more shares
25. Ratio of sum of all “up” days volumes vs “down” days vols. in Last 50days: >1
26. Dividend Yield: at least 5% (but not applicable to stocks like pennies with no dividend history)
27. Dividend payout ratio: 35 - 55% (i.e. at least 35% of annual EPS is paid out as dividend)
28. Dividend CAGR > 0 (consistent increase in dividend payment as profit increases)
29. Historical Growth in EPS (over last 10 years) >7%
30. Less than 2years of declining EPS (5% or more decline) over the previous 10years
31. Cash flow from operations (CFO): >0 (positive CFO is very important)
32. Free cash flow (FCF) to CFO (FCF/CFO):>0 (the higher the FCF as proportion of CFO, the better)
33. Total debt less than book value
34. Debt to equity ratio: <0.5
35. Interest coverage: >3
36. Net Profit Margin (NPM): > 8%
37. Debt to Net Current Assets ratio: <1.1
38. current ratio: >1.5
39. Price to Sales (P/S) ratio: < 1.5
40. Price to book ratio (P/B): <1
41. Price/earnings (P/E) to growth ratio (PEG): <1
42. Current ratio greater than 2
43. Current P/E ratio less than 40% of the highest P/E ratio the stock had over the past 5 years
44. Quarters of Increasing Fund Ownership: last 2 Qtrs. or more
45. Insider (CEO, CFO, MD etc.) buying/selling: More insiders buying than selling in last 2 Qts.
46. % Insider ownership: 40% or more
47. Share float % (amount of shares from issued shares available to be traded daily): <40%
48. Short interest %: (% of share float sold short but not closed and covered. This indicates market sentiment): 15% or higher for greater short squeeze and future price appreciation
49. Share repurchase program: Yes
50. Coy credit rating: BBB- and above (credit rating should have been improving in last 3years)
51. Piotroski F Score: 7 and above

How to Calculate the Piotroski F Score is below (9 is a perfect score; 8 very good; etc.):
• Net income: Assign a score of “1” if last year’s net income was positive, assign score of “0” if not
• Operating cash flow: “1” if last year’s cash flow from operations (CFFO) was positive, “0” if not
• ROA increasing: “1” if last year’s ROA was higher than prior year’s, “0” if not
• Quality of earnings: “1” if CFFO > net income, “0” if not
• Long-term debt vs. assets: “1” if long-term debt as percentage of asset decreased over prior year, or if long-term debt is zero; “0” if not
• Current ratio: “1” if short-term assets divided by short-term liabilities ratio is greater than prior year’s; “0” if not
• Shares outstanding: “1” if shares outstanding has fallen since prior year; “0” if not
• Gross margin: “1” if gross margin exceeds prior year’s; “0” if not
• Asset turnover: “1” if rise in revenue exceeds rise in total assets; “0” if not

The following resources can provide the data you need:
• Financial statement data: [/b]Yahoo finance, cnbc, “www.macrotrendsdotnet” etc.
• [b]Quarterly Earnings review/guidance: Benzinga, Zacks etc.
• Analysts review: Motleyfool, Benzinga, Zacks etc.
• Daily traded volume, dividend yield etc: [/b]yahoo finance, marketchameleondotcom etc.
• [b]Short interest: “shortsqueezedotcom” and “finvizdotcom"
• Technical analysis charts: “investingdotcom”, “tradingviewdotcom”, “marketwatchdotcom”

Penboy:
Run o. E get why

Leggitsam:
For those that had issues with trading platforms, here is another app and platform that worth trying. I am not a user of the platform coz i am comfortable with T212.
A friend in UK suggested the app.
You never can tell, some people might find it interesting.
The app also allow users to invest in US Market.

https://play.google.com/store/apps/details?id=com.eigthsecurities.tradeflix

afroxyz:
Lol. Him no dey mentor people?

MaziHarri:
Hello guys,
Please between WeBull and Yahoo Finance which is better for news and proper updates on stocks.

Any special advantage in any of them.

OakPearl:
Best stockbroker in the NSE by my rating is Morgan Capital Group.
Lowest transaction charges, online account opening, funding and withdrawals, best platform for live trading every trading day.

In all my 23 years investing in the NSE, they have been the best I have come across.

Good luck.

yazga:
In our quest for more, may we not loose ALL.