Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 8:44am On Jan 29, 2019 |
We hope so Mpeace: The small bear of yesterday should better take a break today. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 8:34am On Jan 28, 2019 |
I will advice you go for morgan STOjo: I am thinking of porting from my analog broking firm. Does anyone know about FSDH, someone is recommending them but the way you people are advertising Morgan capital... |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 6:05pm On Jan 25, 2019 |
The Nigerian equities market closed the final trading session of the week in the green up 1.41%. WTD performance printed at +1.36%.
Similarly, market breadth index was largely positive with 32 gainers against 7 stocks that declined.
DIAMONDBNK (+10.00%) was the top gainer today while CHIPLC (-7.89%) led the losers’ chart.
DIAMONDBNK (+10.00%) was the most actively traded with about 90million units of shares worth N205million.
Sector Performance
· NSE Banking Index: Gained 4.10%, largely driven by the advancements in DIAMONDBNK (+10.00%), FCMB (+9.69%), FIDELITYBK (+9.17%), ACCESS (+8.33%), UBA (+6.21%), ZENITHBANK (+3.84%) and GUARANTY (+2.68%).
· NSE Oil & Gas Index: Closed up by 1.68%, majorly due to the buy interests in TOTAL (+10.00%) and OANDO (+2.11%).
· NSE Industrial Index: Rose by 0.49%, following the gain in DANGCEM (+1.04).
· NSE Consumer Goods Index: Down by 0.14%, on the back of the declines in PZ (-4.64%) and UNILEVER (-1.22%). |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 3:38pm On Jan 25, 2019 |
 by March i am out of the market pending when things calm, this is my own opinion ooo[quote author=sky2891 post=75101417][/quote] |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 3:21pm On Jan 25, 2019 |
By Lead Capital Research, As developments unfold towards completion of the proposed merger between Access Bank and Diamond Bank Plc, we have cause to review our assumptions for valuation of the combined entity. There was an investor conference call, updating investors on the developments. Key take away from the presentation was the N150.3 billion estimated synergies to be realized over three years, following complete integration of the lenders. The Bank has also cancelled plans for the proposed equity rights issue of 72 billion naira, which may have had a dilutive effect to shareholders. Using very conservative assumptions, we estimate net profit to print at N125 billion in 2020 – a full year after integration – consisting contributions of N80 billion, N20 billion and N25 billion from Access, Diamond and synergies respectively. This arrives at an EPS of N3.72, 34.3% higher than 2018 best consensus estimate of N2.78. As with most mergers, we took a realistic view and cut Access Bank synergy assumption by half, to arrive at our estimates. Using relative valuation, considering the median P/E ratio of Tier 1 banks at 3.80x, and the forecasted EPS of N3.73, we arrive at a fair value estimate of N14.17 for the new Access Bank. With these consideration, the lender presents a whopping 114.7% upside potential. That said, we hold a STRONG BUY recommendation for Access Bank Plc. We also recommend a BUY for Diamond Bank whose shareholders stand to benefit from the increased valuation. We recall that Diamond Bank shareholders would receive a cash consideration of N1 per share and 2 shares of Access Bank for every 7 of Diamond owned. https://trwstockbrokers./2019/01/25/lead-insight-access-diamond-merger-update-rights-issue-cancellation-underpins-high-valuation/ |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 2:51pm On Jan 25, 2019 |
you wan scare us again abi? i know you dey eye something  Chibuking81: @ currentprice, I bought at January bonanza offer, and will still buy by February bonanza offer. For those that miss January offer, they should not panic, because February bonanza offer is the way, the current bull is preparing ground for the main February bonanza. For jijo group remember turn your profit into hard copy to avoid paper/soft copy gain. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 2:51pm On Jan 25, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 2:49pm On Jan 25, 2019 |
 i pray it goes well Chibuking81: This bull is good ooo. Next weekend will be “ Be fearful when others are greedy and be greedy when others are fearful.” Warren Buffet. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 1:30pm On Jan 25, 2019 |
Bull everywhere please don't rush and buy any share do your due diligence well, make nobody come cry later say I buy high sell low ooo. Where deepsuk?  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 1:28pm On Jan 25, 2019 |
I prefer transcorp it has strong support now but waiting for it to break the resistance onegentleguy: For those still looking for a good opportunity to key into, perhaps Mr TRANSCORP and General AIICO might be good fellows to associate with !! Then again is CAVERTON airline and the house of WEMA !! But hey, due diligence is still advised as always pls. We continue to observe.
It is well !! |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 1:17pm On Jan 25, 2019 |
What I believe is at this junction access and diamond will keep moving together. What really crashed the price of Access was fear by their shareholders, but now they believe all is well. Though this is subject to both shareholders to approve the merger during their meeting. Which we all know it is 80% approved already. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 12:59pm On Jan 25, 2019 |
 that na who want sin na veecovee: SIN still KILLS |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 12:57pm On Jan 25, 2019 |
 come make I show you something light ndidigood: O di egwu!. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 12:56pm On Jan 25, 2019 |
 Mcy56: Lol. Faith at work. Thy faith shall make thee whole.  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 12:56pm On Jan 25, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 11:28am On Jan 25, 2019 |
Access that is going to #12 dey there onegentleguy: ...and now Mr DIAMOND is waxing stronger(price now @ N2.27), while Mr ACCESS is droping back on its initial gains(now @ N6.20). Those who know and understand know what they need to continue to do. See the parts in bold from the post above. If u know, u know !!
NOTE: NOT a recommendation. ...due diligence still applies.
Cheers. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 7:06am On Jan 25, 2019 |
Thanks for the brief how market bro? onegentleguy: Also coined from the link; On the proposed N75 billion rights issue
"Management suggests that there is no more need for its initially proposed tier 1 capital raise through rights, as it believes it has sufficient retained earnings and tier 2 capital (over $250 million dollars to be drawn down by Q1’19) to consummate the deal."
This explains why the planned rights issue was postponed/cancelled. Again, it might also be the reason for the temporal relief(of downside pressure) in the share price of ACCESS. however, those looking to 'play the ACCESS route' now should still do so with caution.
Between, an EGM(following an order of the FHC Lagos), will now hold on TUESDAY the 5th of MARCH, 2019. Note however that this EGM is to sanction the scheme of merger document btw the 2 entities and NOT about the proposed rights. (which has been cancelled) |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 10:44pm On Jan 24, 2019 |
You don't need to just do your thing pls. Don't be discouraged ok Mcy56: Already modifying my posts in relation to Nem. I no get strength to argue with anyone.  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 10:43pm On Jan 24, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 5:27pm On Jan 24, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 5:26pm On Jan 24, 2019 |
yeah that is true men the thing was scary seeing the price from 1.40 to 0.68 kobo, na BP.  Mcy56: Unfortunately, he sold when there was massive dumping of diemond, the stock do some people strong thing o. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 4:58pm On Jan 24, 2019 |
Access bank may surprise many bonanza gang  |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 4:57pm On Jan 24, 2019 |
Wapco bolinger band looking for breakout, either up or down |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 4:30pm On Jan 24, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 4:29pm On Jan 24, 2019 |
you suffer ke? how come? wey everybody dey smile  STOjo: @Mcy56, Any hope for Nem angle, I suffer for Diamond so much, I am afraid to go near it. Please check your mail madam.
KR. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 4:50pm On Jan 15, 2019 |
 they may surprise everyone and pay #1 for dividend Chibuking81: https://www.vanguardngr.com/2019/01/merger-cbn-sec-grant-approval-in-principle-to-access-diamond-banks/
It's becoming clear that Access bank will complete the acquisition procedure of Diamond bank. In 3 stages of approval, they have pass 2, remaining 1.
That should be one of the reason, Diamond bank tested 2.10. One of the implications of this acquisition will be denial of dividend to their share holders, since they are talking of right issue, they might not pay dividend to their share holders, or they will pay little. This might still affect their stock price for the main time. |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 3:23pm On Jan 15, 2019 |
seems Diamond bank engine don weak TA |
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 3:20pm On Jan 15, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 11:45am On Jan 15, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 7:23am On Jan 14, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 1:32pm On Jan 13, 2019 |
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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Michael11stock(m): 8:48am On Jan 13, 2019 |
 I'm still searching will you be my bride ? ndidigood: Mr.Mike married? |