egwue:
I have some fund to invest. ETERNA or MRS Oil, which is better deal for a short term of 6 months to 1 year?
Any guidance from our gurus in the house will be most appreciated.

I for say make I put mouth, but the one wey I talk yesterday still dey make me gentle....lol.
Even thought someone would have come to call me out on it.
Though, it's reversing up now, I dey do vigil on it.
Let the Ogas say something on it...... whosoever follows my post would have known my option there anyway.
Wonder what the mission of the earlier seller(s) was......profit taking possibly.....

IYGEAL:
The way I understand it, brokers make the deals and send values to CSCS. It's possible they will choose high offers from their clients (for a buy order) and execute in-house before CSCS knows about it. I stand to be corrected.

This is very wrong!!
Guess what you're referring to is Cross Deals and not for individuals.
@frangel replied you well.

So, bull seems to be resuming duty....
F.u.g.a.z. responding well.....

ACCESS back to 18....from 17...
UBA ....above 13....13.30...13.40....
FBNH....above 18...
GT....36


* Not any form of advice*

ebuka1997:
this one Mcy no give update, e be like market day fall

Mcy is on ban o.....your B.O.T don ban me, so I dey holiday.

Btw, some of the stocks stabilized and some are reversing yesterday's shedding......with bids higher than offers in quite some, including some of the banking stocks.
The volumes are still noticeably there...
The bull seems to still be around the corner.....

We'll see how coming days will be like.....

...

E Ku market o.

Those vexing are a bit relaxed today.......
Looks like other companies feared what happened in the past two days, to release result no gree dem..

UCAP inching up slowly again.......sighted @13.70 as at now......
CUTIX.......some activities here......bonus scripts of 1:1 has been credited to qualified investors......
SEPLAT: Upward movement halted maybe due to NNPC's announcement. NNPC is fast becoming a confused entity ......maybe one moneybag is trying to have his way.........but SEPLAT is not expected to back down, money and connection also dey.......
ZENITH: Tradition having it's course........even NASCON wey declared low dividend is not getting bashed as Zee.........the bashing can only be new to newbies or new investors anyway.
NGXGROUP: Bids far outweigh offers..........bargainers sighted @20 and below.........the guys buying sure knows more than common man.....

machine606:
I pray GT better release good results oh. With the way market is now, any company that release bad report got collect. No be chass.
I dey pity Access and FCMB in advance- just feeling though. NGX likely to fall below 19.

If GT should post good result and declare dividend equals to or greater than last year's, it may likely stabilize or lift the market small.
So also ACCESS and the remaining f u.ga.z consortium.
Too many eyes on GT.

Curry30:
Is this current red wave as a result of a gloomy forecast for next year's election or general poor sentiment towards the economy? I am honestly dumbfounded as some coys that did really well are also being flogged. This is beyond performance and dividends in my opinion. Any thoughts senior ogas?

Think this answers your curiosity:

dpacificheraclx:
The month of February is notorious for its correction, which serves as shake-offs for wary investors with stakes in companies with impressive value.

I was a victim to this last year, I think I panicked when VITAFOAM shares declined and also when UCAP shares slumped days after dividend declaration, one thing I'm happy about is how I was lucky enough to buy after the dividend mark down date.

So for those who have been investing on the NGX for quite a while now, this market correction shouldn't be a shock again, although some fundamentals have changed drastically, yes, but there are still tonnes of upsides in this market.
This post is sponsored by Seplat, thanks you

* Similar thing happened last year.
* Think it's more of market correction and investors' response to results based on their expectations.......market will stabilize thereafter......*all things being equal*.
* Some are not dividend hunters, so they sell off as soon as result is out and they already made some gains.......to look elsewhere for greener pastures....
** Some will lock in their profits first, wait for dumping and pick lower for dividends before qualification Date......
** ...and so on and so forth......based on individuals investment objectives/goals.
** One of the reasons I replied someone asking for when to position for dividend stocks that it's likely Mid Feb to March (if not yet seated in the bus).
** If it's economic issue, no be today we dey inside am nah...........though we pray that Russian/Ukrainian issue doesn't escalate beyond control, I think experts are forseeing gain for developing countries instead.

My ogas in support of market updates I thank you o.
Saw Oga Toluway again.....boss you're a darling. Thanks for the suggestion sir.
Don't want to say much ........but what will someone gain in others loss?
Well, it's just not possible to please everybody but we'll just find a way to balance things.

E Ku Market o.

Mpeace:
Lol. U harsh oh. This your reply na another level of savage. E big pass stone. In short I dey vex with u. Why should u add Ma? Mcheeee

Lol.
No savage reply can get to me.
People wey sabi road made huge profits in NGXGROUP..........and went on nothing less than 3 trips........people wey follow the money....
When they're first listed, when it pulled back in few occasions.......
Can categorically remember when I said anyone that didn't enter at 20 or below should not bother to try am.
So, won't even feel somehow cos na NSE we dey nah......and no be me dey buy with billions of Naira.

*Updated*. Feb 10,2022

yMcy56:
NGXGROUP
Sooooo,this stock was able to level the mountain at KM25 yesterday, to be trading above it.
The N100M only that picked that 4M units though!!

**NB** Pls do not take as any form of advice if you didnt enter when it went down to 20 & below. No sole individual control this market**

gbengafaro1986:
no dividend declared ma...its in page 7 item L in the audited report

Yeah, I scanned through the result and didn't see any provision for that.......
Just thinking whether there'll be surprise ni.....
Maybe they didn't declare cos they did only two quarters officially as a listed company in NSE.
Anyway nothing spoil, both those that declared or didn't declare chopped beating today.........

NGXGROUP
Very disappointing if this stock won't eventually pay dividend despite the profit made......
I've just been checking to see a corporate action, thinking maybe they omitted it in the financials......
Will be interesting to know the interests of the investors staking huge amount here.......and taking position........
Anyway, if dividend isn't forthcoming, price appreciation should do, will continue to be food for jijoists....

Oga Labalaba, no need to argue. We don hear.
No political discussion here.

Igi ewedu o ni wo pawa o.

Biafran4life:
Do you know that this useless government was using low price of crude oil all this time as a reason of not performing .The accused pdp of doing nothing when crude price was in her favor.I am shocked now to hear this government now saying even with the high price in crude we should expect nothing good.Apc is is full of lies.Not even excess crude account being funded

That's now the confusing part!
Could you also believed that oil price has far exceeded the budget benchmark........so what's happening to the excess on top?

There's something this govt isn't telling us and the masses are incapacitated to ask, the big ogas that can talk are benefitting from it...
May the good Lord help us.

Chai!!! Today red small oo....
Access and UBA people never see result, dey don dey fear already....
I Blvd normalcy will be restoring/returning gradually.......
Funny thing is that, those rushing out may again start rushing back in....... we've seen this many times in this market.
We see how tomorrow goes again......by God's grace.....
I'm sure bargain and dividend hunters are rejoicing now.........good thing is: crude oil is still going up, so there's much hope for the market.
Also, there were lots of picks on the floor today, meaning bargainers are picking too..

Make you no vex for my commentary, and if you vex, jump pass am, I no direct am to you.

Phlinx:
Thank you so much.
Seplat and Oando should be the main immediate focus.

You're right.
Are you planning to buy?
This is not the best time.......just exercise patience.
We've discussed about Oando so much here, just let Oando be for now, don't buy.
Seplat has gone up, you may have to wait for pullback.

On a good day, when things are 'normal' with the country, the time oil price is going up should be a great time in NSE..........but now, we don't know what the problem is with the country, Crude price is going up, no much impact in the market and the economy.

Someone suggested that all past presidents shouldn't just be silent, but should invite Buhari and his crew to a meeting whereby he needs to explain what's actually going on.....

NASCON
Final dividend: 0.40k
Qualification Date: 5th May, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/35210_NASCON_ALLIED_INDUSTRIES_PLC%20CORPORATE_ANNOUNCEMENT_CO.pdf

Phlinx:
Even Ardova. How does oil price rise affect the Stock market in general and are there some companies that would be affected directly from this whether negatively or positively?

Na the book wey I no come sabi be this ooo.
Bookworms in the house, abeg come enlighten us o.

In the meantime, you can read this, it will give an insight into it.
https://nairametrics.com/2022/03/02/russia-ukraine-invasion-nigerian-stocks-set-to-gain-due-to-high-oil-prices/

Also this:
https://nairametrics.com/2022/03/02/global-oil-prices-soar-above-100-heres-what-it-means-to-you-agunbiade/

YourhealthNG2:

I jumped out of Wapco yesterday and joined ucap this morning at 13.05. My one year sojourn in Wapco was uneventful (no gains, just wasted year). Hoping for the best this time around.

God bless and reward you bountifully for the selfless job you do on nsempa. Thank you.

Amen.
I sincerely wish you all the best.

Sorry for the Wapco issue, you must have entered when it peaked.
Was stagnant @N9/11 for so long before it eventually moved that time, even touched N8 something........some lost patience and sold.........before it eventually moved.
More reason entry price' is key and it's good to carry out DD before buying.

WAPCO is still good..........only that timing is one of the key factor.
I also want to believe it wasn't totally a 'wasted year' because N1.00 dividends were declared twice in the process........if you didn't receive it, try and contact their Registrar.

gbengafaro1986:
GUINNESS? 50K?? EWWWHEEYY!! Calm down na ...they cant deliver 1.50?

Guinness is just returning to profitability after series of losses....
They paid 0.46k in the last financial year if I could still recollect very well........and the market responded well to it because investors understood the plight of that sector.........
If there should be an improvement to what was paid last year, it will still be a welcomed development to Guinness and brewery sector in general............more reason we can't see bashing in the price of NB......cos there was improvement.
Besides, the parent companies are serving as backbone for them.

locodemy:
Hmmm this market no need stress ooo.
You are too emotional on this market.
Me wey be day trader no worry the way you do self.

As long as this market is dominated by day traders/Jijoists, no expect serial rally
Transcorp at 1.05 was a fantastic one for me today

Just saying it as it's observed bro...
What will I be emotional about?
What's happening for now in the market is normal nah.......it can only become abnormal if it persists.....

That UCAP na number one on my watchlist for now o, either I'm in the market or not....

OIL SURGES PAST $110 PER BARREL
https://nairametrics.com/2022/03/02/oil-surges-past-110-a-barrel-as-traders-ignore-russias-crude/

TRANSCORP that went as low as1.05 before is back to 1.13......

Seems some guys are playing games with UCAP........how come this stock just dey answer for the 'sin' of others self....
They're hiding under the dumping to beat down the share price........or maybe they're crossing it sha.

gbengafaro1986:
see market reaction..ppl dey vex gan o

Dem go calm after dem don vex finish....
Make dem go vex for Buhari and APC wey dey for power nah .....

I even thought bashing for don full here ..........

Anyone wey rush give them his/her UCAP, na OYO you dey ooo.

NGXGROUP AUDITED Q4 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/35208_NIGERIAN_EXCHANGE_GROUP_PLC%20_AUDITED_FINANCIAL_STATEME.pdf

MTNN
First Coy to buy land in Metaverse.....
Dem they buy land in space now?
Wonders of this century.....
https://nairametrics.com/2022/02/28/mtn-becomes-first-african-company-to-make-metaverse-investment/

NSE ASI INCREASES AMIDST SELL OFF on 1ST MARCH, 2022.....
https://nairametrics.com/2022/03/02/bullish-movement-in-the-broad-market-as-equity-cap-increases-by-n47-billion/

Biafran4life:
This market can be irrational. Pz declared #.25 @#7.00 and APR declared #.50 @#7 plus and is receiving bashing.That means Apr tried oh

That's Mr. Market for us.......
Nascon paid 40k or so last year and received little or no beating, just shed N1 or so, then stabilized back @ circa 13.......later jumped back to 14......
APR paid 50k, and they sent it back to below 6.......

If to say Zenith didn't pay up to 2.70 paid last year ni, you for see how Mr. Market go deal with am.....

Well, I'm of the opinion that anyone seated in sound stocks should just manage Wetin the stock bring like that....
Mr. Market has a mind of its own.....some may not even be punished like that.
May also depend on general situation of market as well.

gbengafaro1986:
https://doclib.ngxgroup.com/Financial_NewsDocs/35207_DANGOTE_SUGAR_REFINERY_PLC%20_AUDITED_FINANCIAL_STATEMEN.pdf
Dang Sugar is out guys...N1 div

Make Una dey manage those Dividends like that, country hard.

Last year, it was mentioned that investors will appreciate UCAP'S/APR's dividends by the time the big ones started releasing their results.....,.they were selling at circa N5/6 that time.
Well, UCAP eventually delivered anyway. The stock tried.

Wait till Guinness will release result and pay around 50/60k...........and will stiil not chop much beating, na then you go know say this market no balance.

Feb 23, 2021 post:

Mcy56:
AFRIPRUD and UCAP:
How did these stocks offend Mr. Market?
The one that declared fat bonus is chopping beating, the one that declared lesser also.......
Na crime to declare dividend ni?
........by the time the big ones started declaring theirs, investors will appreciate UCAP/AFRIPRUD's dividends......
My Opinion......if you're seated in the bus, stay put, collect your dividend and do siddon-look (for those who bought at higher price especially)....

leparj:
Can see Zenith. But Afiprudential is not listed here.

APR corporate action is here:
Final Div: 0.50k
Qualification Date: March 11, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/35206_AFRICA_PRUDENTIAL_PLC%20CORPORATE_ACTION_ANNOUNCEMENT_CO.pdf

YourhealthNG2:

Please what is your sincere advise about buying ucap at current price? Or at what price range is reasonably safe to buy? Thank you for your usual sound advice.

To be honest, if it's me, UCAP is a buy @CP..
Touched 13.50 not long ago....
You can buy and plan to buy more if at all it goes down more........depending on your pocket.

currentprice:
recommendation yet on Ardova, though was eying on it waiting for the fy results to be out.

with the result now, it better to wait for the price to bend down much more before buy. Ardova earnings out negative though revenue increasing but depreciation and finance cost bring the PAT to loss

it better to look elsewhere for now

Alright Sir.
Well noted!!

currentprice:
Ekuu results week

E Ku market sir.
It's good you're here.....
What do you have to say about Ardova's Q4?

dharpzee:
Their result is not interesting at all.

Okay......negative EPS, high cost of sales, expenses chopping much more into the revenue.........I never check all.
Think the company needs to sit up and block some loopholes where funds are being siphoned.

Well, na NSE we dey, RTBRISCOE was one of the best 3 performing stocks in Feb 2022, with very bad EPS....

Not making case for Ardova's poor performance, but sometimes unexpected can happen in this biz.

If not for Mobil's acquisition by SEPLAT too, the dividend payout wasn't that impressive........but the news supercede all.
It's well.