₦airaland Forum

ositadima1:
From the charts, if Transcorp can break out above 55 naira with good volume, then your target of 100 and above is possible in the short term. But if not, we will buy it again at 40.

All these chart people. I hail una oh!!!

Mpeace:
Tony's companies wey no dey too pay dividends

No problem. When it reaches N70 the narrative will change.

Did anyone notice that Cardinal Stone gave a buy recommendation to Access Bank? Target price N50.

So I ask once again, did you buy some Access today?

Shalom428:
Transcorp setting up nicely. Smart money taking positions

Not a buy recommendation. Due diligence plz

nosa2:
Sold 80% of my ETI left 20% for long term (or as the spirit directs).

Took out of the 80% to buy suya and cold beer (need to enjoy life small).

Used the rest to buy Access Bank and Transcorp.

Na now una dey wake up.

emmanuelewumi:
People also know those who have ulterior motives and those saying things as they are.

People with ulterior motives will be aggressive, abusive, insultive. They can't back their wares with facts, figures and logic, they rely on emotions, prayers and hope

Abeg, who honesty epp?

ogawisdom:
I feel the coming on board of the biggest masquerade in Africa, the Dangote refinery IPO when successful will help drag Aradel up faster within 3 to 5 years.

Aradel & Zenith Bank will be impacted positively by the king of moat. Dangote refinery

I have a feeling the refinery IPO will end the bull run

ositadima1:
I don’t know if you read what he wrote, the guy I replied to. He said that in Nigeria, risk mitigation tools for traders are blunt. Now you’re bringing Buffett into the discussion.

Why are Nigerian fundamentalists like this? You argue one way, then when you get schooled, you switch to another argument.

Please go and read about Jim Simons. There are many others too.

Exactly. There is no right or wrong way to investing.

Streetinvestor2:
On serious note has anyone been able to beat buffet record using other tools as he uses fundamentals. .That is the guy I like in this business

The problem with this entire conversation is that there is no right way to do things and it is not a competition. We all have different temperaments and objectives and as such our approach and levels of comfort will be very different.

Streetinvestor2:
Not for me.You give and I do my own.I can't be another person maga..lol
Like I won't touch access either long pole

That's the smart thing to do

Streetinvestor2:
Is that why u are investing in access bank based on vibes and prayers..lol
But you keep telling us about PE as your main standard. Which do we take now when you make next call

You take whatever I decide to give. If you don't like it stop my next salary or call me a lair

Afromentalist:
I agree but it is best to invest with Information than with ignorance and prayers.

You forgot to add "in my opinion"

Afromentalist:
This is where the issue is. It is not about mocking people‘s choice.

We are simply educating people so that whoever gambles in such stocks, does so with Full Knowledge.

Did you consider that some people following the hype may believe such valuations are justified? If you need people to be ignorant to make money then you are benefitting from their ignorance.

There is nothing wrong is analyzing a stock based of available figures. Let momemtum investors do so with full facts instead of prayers.

There are only two strategies in the market; the one that makes money and the one that doesn't. If prayer works for you then by all means keep praying. After all people make billions from pre-revenue companies, in fact the entire venture capital industry is based on vibes and prayers.

GeeKudi:
I bought Access about 2 years ago at N22. That is not to say the next 2 years will be a similar story. Just giving a perspective.

The Longer the Base the Higher in Space

https://www.highcroftinc.com/blog/value-stocks-220104

megawealth01:
Almost everyone for NGX dey take style market their hustle... Gamble, FA, TA, SA etc na strategy differ

Who is using style?

Abeg no forget to buy some Access bank today

ositadima1:
So in other words, you agree that you cannot realize that market cap easily in cash. Saying Dangote Cement has a trillion-naira market cap does not mean a trillion naira can actually be pulled out from it.

It can be one trillion today and, based on liquidity and other factors, become 200 billion at another time. That is why I said not to take market cap too seriously; I never canceled it like you claimed.

So the guy who said that because he has more than 45,000 birds and fish ponds, therefore his farm should be valued higher, is also wrong. Until liquidity, demand, and other market factors price the shares, the valuation remains theoretical.

By the way, I already know how to calculate market cap, but thanks all the same.

If Dangote wants to pull out N1trn from NGX he will fail woefully but if he decides to pull it out on NYSE he will succeed. Lack of liquidity doesn't mean the asset is not worth the market price.

There are offices in fund management firms that handle purchases/sales simply because they want to take position without moving price too much. Your argument is right and wrong at the same time. It is right because the price will move temporarily but it is wrong because the price movement will be temporary.

P.S. Did you buy some Access bank today?

megawealth01:
Abeg ooooo. I bought many recently at sub 10 oooo

Haha! I swear you sound like a good friend of mine who lives in Lagos. He is also bullish on Ellah at current price. I hope you guys suffer serious paper losses so I can buy lower.

In the long run (2-3 years) N10 is a steal but between now and then a lot can happen

EDUECO:
Jumping in and out of a stock where there is an opportunity to make quick money is okay. But I don't encourage using very risky companies when jumping in and out of a stock.

Ellah lakes(aka lekos) is a low quality company when compared to companies like ACCESSCORP and UBA.

Both ACCESSCORP and UBA have not declared loss results(reduction in profit is not equivalent to a loss)for the last 20 years. On the other hand,Ellah lakes is still a mediocre or a loss making company .

I plan to buy Ellah lakes for N2. I am just looking at all this bull market blues. Let market sentiment change first, people will be dumping like the stock has leprosy.

Agbalowomeri:
But true, he that is down needs fear no fall
Na ACCESS case be that

If ACCESS go move, it can do 100% in 2 weeks but who go dey inside within those 2 weeks?

Well, e no get wetin I wan use the money do. so make we dey look am.

Agbalowomeri:

Abeg leave me to sell my market oh!!

My helper fit dey this thread

Agbalowomeri:
Haba wetin be this

Is this one billion trillion?

My ancestors will judge you for this

emmanuelewumi:
You remember Afroil.

A company that could not pay the rent at Ajao Estate and got quit notice 5 years earlier, got over 500% in capital during the bull era.

Afroil was in the down stream sector of NGX and was the cheapest in the sector at N1.00, after investors made money from Mobil, AP, Total etc they started using the profit to buy Afroil and the stock was on full bid for weeks.

At the end of the day, the stock crash and the business went into oblivion

Never let facts get in the way of a good story

Streetinvestor2:
How much is thr eps
Cbn no dey allowed banks touch retained earnings most times.

check the Access Bank thread on www.ngxforum.com

Streetinvestor2:
U sure u see well

You check the result na.

Retained earnings is N1,996,663,000,000

Agbalowomeri:
What would be the catalyst? No interim certainly and it will be a struggle to pay final dividend

No interim? Ok na. I guess I have opened a savings account.

P.S retained earnings per share in Q1 result is N36.72

Agbalowomeri:
As long as you are patient till after election you are good to go

So you think Access bank will be at this price level for the next 8 months?

I laugh in Idoma

Streetinvestor2:
This days dey are standing in betnaija shops..lol.The gen Z group

There are actually people that take betnaija as investment oh. Like they analyze bets the way people analyze company results

Just sold the last of my ETI @ N92 and I am rotating into more Access Bank at N25.90

If heaven wan fall make e fall

Please does anyone know where I can get the PDF files for all the latest quarterly results released so far?

ositadima1:
Pain in the ass, armchair analysts.

Aren't most financial asset analysts sitting in chairs?

emmanuelewumi:
Dangote Cement with a better market history, pedigree, institutional investors etc should sell at a higher multiple na, but Zichis has a higher multiple.

Zichis has a Price Sale ratio of 71 compared to 4.5 by Dangote Cement

Zichis has a PE ratio of 150 compared to 15 by Dangote Cement

Zichis has a Price Book Value ratio of 40 compared to 8 by Dangote Cement

My brother see, this is a bull market and people are looking for effective ways to lose their money. FOMO is real oh!!!

Agbalowomeri:
Person wey wan run once he breaks even in ACCESS

Access bank never even begin to reach the price wey I go sell. Me that I am even thinking of buying more today

Streetinvestor2:
You that said u go soon run to fixed assets. Won't u sell access when doing that

So long as there are stocks trading with a forward PE of less than two I no dey go anywhere.

megawealth01:
He for sell in batches but... When exiting such stocks it fit take you 60 days so there won't be suspense

The sale could have been the first batch