₦airaland Forum

Guys any recommendation of websites or books that I can study to improve my TA skills?

if not for share reconstruction news would have been sharpening my cutlass to re-enter C&I

locodemy:
I am only buying the type currentprice buys.
If you feel oga currentprice will touch it then you are right.
Can he buy it?

lol.. abeg no yab am later o...N1 and below would be a safe entry point though... I suspect the management would try to raise funds in the nearest future

yom2:
but I thought some of u here are supporting a sell of in cileasin. now ur opinion is shifting again.I be come to realise there lots of teenagers stock players on dis forum who have access to large funds. whom most times cause unnessary panic in dis forum out of exuberance. I have not forgotten or forgiven some characters here for d role they played in d past. one character starts with p and one starts with c

Remember you are the master of your portfolio.. please dont blame anyone when things go wrong

samzepaparazi:
Please Who knows how to trade European stocks from Nigeria

Everyday I see movement of over 10% 20% by hour
In Germany 500% 100%

All within one month.

I want to have a share of their market

I hope you are also seeing 50% 70% loss as well , good to look at it from both ways

currentprice:
we might see big volume passing hand on this stock soon. when pple run away from this stock base on liquidity but running after CCNN and eterna

Caverton O/S = 3.3B CCNN i think is 1.3b eternaoil i think is also 1.3b

For those interested in the trio,
Individual ownership CCNN-14% Caverton - 27% Eterna-56%

individuals are more likely to sell than institutional/corporate holders hence likely higher liquidity on the other hand geometric increase is more likely with higher corporate ownership ... hope this guides ur pick

Assumption: all remains well with the coys

Coolcash1:
Don't be deceived Nestle is grossly overpriced. It's fair price is N700.

On the lifting of the N0.50k floor price for shares by NSE, this will truly allow market mechanism to determine the true value of any stocks. Now investors will have the power to praise or punish any non performing stock... However, my concern is that it might create room for hostile takeovers...

Good morning house.

Yesso.. real board room politics would start.. someday we can take over the likes of Wema Bank when it falls to 5 kobo

Mpeace:
Eterna. FULL bid. I go buy my xmas cloth before december.

ETERNA still cheap @ N6, lets see how far it will go

currentprice:
aply it quick quick

lol.. i no understand the industry sef , you say make I apply the model.. make i go learn my charts as prof adviced

wanaj0:
Segun Adeniyi is just making a sales pitch with little substance. No name of the OEM etc.

Nothing against Caverton. I however hope that people understand the business model and the competition.

Caverton indeed has taken a number of contracts from Bristow. Of course, we know how contracts are done in Nigeria especially when it involves NNPC/NAPIMS.

Caverton does have competitors including local competitors. Aero basically own the NNPC contract. There is a new one NESTAV a subsidiary of Nestoil which will compete fiercely with Caverton.

So if you are buying Caverton, in addition to numbers, use Porter's Five Forces to analyse the industry.

still trying to understand the business model of the company let alone applying porter's five force to analyse the industry... I probably should stick to what I know ... Thanks anyways

Manonamission:
They don't look at numbers only. In fact, it's not always about the numbers only . Aside the deal signed with an IOC, they also a massive project due for completion soon.

http://www.nigeriavillagesquare.com/olusegun-adeniyi/caverton-helicopters-and-the-nigerian-dream-by-olusegun-adeniyi.html

Thanks for this.. significantly changed my viewpoint... would likely consider this for my long term portfolio

2016 was a very good year for ASL profit wise + their share price was only about 2 + ASL was coming from a loss position in 2015, they haven't been able to replicate that performance this year and in actual fact it is currently an over priced stock IMO.

I am not sure there's any similarity between ASL's situation in 2016 and Caverton now

lol ,, i meant once bitten twice shy .. I have never had Caverton in my portfolio

@ loco look well well before you jump into caverton o .. once bitten .... there are so many other cheap stock out there , a lot have already been listed here, and some are penny stocks that I know you like.

Diamond's impairment charge for 2016 audited was 59 billion, impairment charge Q3 2017 35 billion .. isn't it clear their risk management is very poor...the divestment income would be used to plug these holes, may even end up been lost again...

a leaking bucket would not be filled by continuously pouring water into it , the leakage needs to be repaired ...

who says nsempa is not powerful..well don guys, already firing Eterna's engine..lets ride on

Mpeace:
Do you know that meristem reg. is a major shareholder in Eterna. They hold more than 25% of the companys shares. I wonder why them no dey promote the coy.

I thought it was about 5% not 25%

currentprice:
Thank you brov, we have heard you, just to let u know that even if Oga emma, told us he got the stock for free base on his goodwill we believe him. i follow his post and i have small knowlegde of his portfolio. you can read his post yesterday about his banking portfolio, he post that only sky punish him he was true because i knew when he bought the skye at high price long term ago, he didn't sell it because of his nature of investment LONG TERM.
i believe if you hear he bought UCAP btw 90k - 1.10 and afripud btw 1.80k - 2 you go run mad. he actually bought at that range. he was the first person that kept shouting about the two stock when nobody have the idea of what he saying even 1himself that created the thread.

@CP you be historian?? amazed at the way you remember these things

Guys any news on FBN?

Coolcash1:
Locodemy, why did you think Asiwaju Tinubu went to visit PMB? Or you think was just to shine goro teeth with the man, hell no! Intel has it that its because of his brother, JAT saga with SEC...Based on this, i am beginning to have a change of mind about the report that it might just be a slap on the wrist or go and sin no more for JAT...yours truly is watching...

hmmm....would take this story with a pinch of salt ... Alhaji Mangal is one of the forces to reckon with in Katsina + politics ... though a PDP man... clash of the titans ... I doubt if just a slap on the wrist would end this ....anyways the earlier they lift the TS the better .

dipoolowoo:
Oando Boosts Revenue to N383b, Profit to N7b in 9 Months
https://www.businesspost.ng/2017/11/01/oando-boosts-revenue-n383b-profit-n7b-9-months/

@tritri looks like there is light at the end of the tunnel .. I would likely buy the dip once the TS is lifted.. If I were in ur shoes I probably wouldn't average down though #justmyopinion

BullBearMkt:
...@Agba, it's not only eps and other fundamental parameters that could help with stock selection, even at that good fundamental stocks sometimes found their stock prices going down. Numbers of such abound. Diamond bank between N0.95 and N1.00, technically is in the region where demand will be high & going by the simple law of demand, many investors will see the stock very cheap/bargain to keep for a period.

Approach to making good profit in financial market is not limited to fundamental analysis or neither technical or sentiment analysis as well.

agreed but some of us no too sabi technical analysis .. I use fundamental to pick then the little technical analysis I know to determine my entry point... even though I get the tech part wrong, I have the strong fundamental is my line of defence

Agbalowomeri:
It is only 'hope' that would make anyone enter diamond at 1.0 with this result. The result is also expected anyway; compare this to the trend last year. Deceitful eps goes up Q1 Q2, regression to the truth Q3 Q4. That's exactly what happened last year. So I expect year end eps to be around 10kobo

Diamond is re-writing their banking recipe book at the moment, after completion market would decide if their new "meal" is sweet...until then Diamond is no no for me .. if you even dash me I will sell it .... I look at my losses/gains in terms of opportunity cost

locodemy:
Even if the stock is Daarcomm.......
Just mention it..........my ears are itching seriously here.

NPF

tritritri:
@currentprice . how was ur weekend ? , I saw u in my dream givin me d ....

@ tritri u be woman?? I wonder wat else @currentprice can be giving u in ur dream that starts with "d" ##justthinkingoutloud

tritritri:
congrats to everyone , I wish i could also smile but oando really dealt wit me .[b] sold 1M unit at 8.26 [/b]but will buy back on monday at all force.

Oga tritri that means u sold recently, if I may ask what prompted you to sell?

locodemy:
You are correct sir but i am also making money even though not up to your %profit.
more money is coming even fcmb is going............

it would be interesting to see what Alhaji did/doing to turn around the fortunes of this company...MBA guys over to you...Tiger brand would b bewildered at the moment....

wanaj0:
In summary HOPE is NOT a STRATEGY

Hope can be a strategy in advanced markets def not in NSE ... Even with a good Q3 one is still wary of the audited result... ideally policy announcements alone should be enough to move some stocks.

Rio Tinto (a global mining group) multi-billion dollar write-down of a coal asset in Mozambique is one of the latest examples... ati be be lo

Agbalowomeri:
Nigeria is worse because of poor regulation

well...the poor regulation makes naija managers steal money in such a way that the investors feel like fools ; the "better regulated" market the stealing is more technical .. if you ask me stealing na stealing ... money is lost at the end of the day

DaV8King:
You are right but this short list of just the 2000s should help you see my view.

Jimoh Ibrahim-Newswatch, Virgin Nigeria, Global Fleet etc
Rufus Giwa-Unilever
Bunmi Oni-Cadbury
Festus Odimegwu-NB(Even the Almighty are affected)
Cecilia Ibru-Oceanic Bank
Erastus Akingbola-Intercontinental Bank
Jim Nwobodo-Savannah Bank
Saraki Family-SGBN Plc

All are/were listed companies except Jimoh Ibrahim. And I am sure others I did not list occurred.

I do AIM market (sub market of LSE) and you see these greedy guys everywhere. Greed is a human trait jare