₦airaland Forum

PETERiCHY:
Also REMEMBER to UPDATE us when OANDO goes on FULL OFFER.

Haha!!!

This world is just a merry go round. As we get older, more experienced and less impulsive; the younger ones are making new discoveries and getting all excited by it.

Full bid can turn to full offer in a matter of seconds.

sky2891:
Please is there a formula or indices from audit reports I can use to get a company's fair value?

https://www.investopedia.com/articles/fundamental-analysis/09/five-must-have-metrics-value-investors.asp

happy hunting

Agbalowomeri:
Na patience we dey buy and sell for this market. Anybody wey no know is on a long thing 😂

Meanwhile I don move one step down on my babes class make I no wound😂

The only way we would see GTCO below 30 for a sustained period is if Q2 result is abysmal. And while that is certainly a possibility it is very unlikely given the current interest rate environment.

Streetinvestor2:
Oga agba which kind wahala be this now.Beg oga nosa to help your ministry. He doesn't know you sold 4th quarter last year at #38 and has been waiting for it to touch down on #15 so that you can load again after 200% gain.And your stock of gari is running out and dollars can not give 50% again again unless you declares war in nigeria .

You sure you no go follow me play my bet naija stockk last last oga Agbalowomeri. Women no dey like men way get am before,lol....old money they call it in igbo language

He is looking at price and not valuation

sky2891:
Please can you also look through First Bank?
What's the possible Fair Value?

No I can't. If you can't go thgrough the trouble of learning how to value stocks yourself then you should be happy with what you are given.

P.S I will gladly help with questions that help you learn how to do the work.

KarlTom:
...

Why you dey laugh the guy na. Na right of passage. Very soon e go start to focus on making money rather than proving point

GracefulLau:
How do I start trading in US stocks
Abeg help a newbie.
I need nursery school steps one by one PLEASE

Download the bamboo app. its very simple to use

yMcy56:
My big boss, you were right about the pricing of our stocks, it doesn't make sense seeing them at ridiculous prices honestly.... especially when we consider the great revenues being made despite the harsh operating environment...

....but it is what it is for now, FA aside, pls be cautious and always seek 2nd opinion from the experts who's being on ground for long so you can monitor the market to pick at very good bargain prices.

Not saying your GT call is/was wrong o, after-all it didn't obey Oga Agba's southward call, he has not been able to enter since he exited .......but just some words of caution from your pikin in the biz.

You're welcome sir.

I no know wetin Oga Agba see oh but I was/am grateful for his challenge to my opinion. He made me adjust my spreadsheet to factor in one off FX gains and after doing that I saw that there was a clear dichotomy in banking stocks.

This dichotomy made me dump my FCMB and add more GTB and some UBA.

To be honest I almost dont want the stocks to rally just yet. I am looking to raise some more cash to buy even more. I firmly believe that too much of a good thing is a great thing

P.S Abeg how my grand mother go dey say she be my pikin

Raider76:
SP = stock price
RI = rights issue

How would anyone have known this?

ggoldmine:
Do you think NVDA still has an upside at its current price because I think it's overvalued? What other US stocks do you recommend, apart from TSLA?

Go and buy Alibaba and rest

vacanci:
something wey never gain price today yet

Haha!! You wan dey follow daily stock price movement. Ok na

Raider76:
Well one market authority said that GTB wants to always be different. They will surely be acting differently if they allow their SP to rise significantly before the RI, as the other banks so far seem to be keeping their SP low, perhaps to allow the major shareholders and big investors to mop up the RI.

CAN YOU GUYS PLEASE STOP WITH THE ACRONYMS.

I don't understand what you just said

yMcy56:
More of big boss self.
I've been hearing or reading about his moniker from some Ogas here for quite a long time.

But, I'll just say he should be cautious of Nigerian banks, especially with these POs and RI stuffs.......though pumping possibility is there sha.

Ha! My Madam at the top. No be so oh.

My excitement for GTCO is not short term. Right now I believe the currency devaluation is well over done. Very soon the benefits of the painful reforms would start to kick in and I want to holding when all the big ogas come and buy.

Nigeria companies are being priced as though we are a war torn Nation and that doesn't make sense.

P.S I am not a Tinubu guy and the better times may not even come in his administration

Raider76:
He is more of Uncle ooo...

I am surprised he is sounding so 🐂 bullish. The Noaa of before was more cautious.

I am cautious. Its just that GTB's valuation is something I never thought I would see in my lifetime.

yMcy56:
Bros take it easy o
Stocks don't go on straight line like that
Na Nigeria Market we dey.

Obviously it wont be in a straight line but the trend is going to be clear. IF Q2 result delivers what I expect it to then......

GTB is off. This thing probably wont drink water till it reaches N90

Streetinvestor2:
Lol, Break even price .

To be honest I don't really chase the fine details like that. I bought some units last week at abour N44 and I bought more at N46.

So In my head I'm looking at like 46. Though I am looking to raise funds to buy some more later in the month/next month (Assuming price stays in this range).

But guy reason am oh! How on earth could I have known you meant Break Even Price?

vacanci:
is it the Table-shaker Q1 report for GTB that is making it undervalued at current price?

Is that a sustainable result?

I dont see why not. They actually lost money on the fx side of things so even if there was a one off item it certainly wasn't fx

KarlTom:

Dem dey type am as if we get one meeting wey we dey share acronyms

sky2891:
@nosa2, Please, what's your fair value for GTB?
@currentprice copied.

Over N200.

ROE is currently 68% (Highest in the industry, if not the entire market)

PE is 2.41

Forward PE is 0.71

These numbers are after totally discounting any fx gains.

This bank is probably worth N400 but I will start taking profit at N200.


I HAVE NEVER SEEN A STOCK THIS CHEAP. EVER!!!!

Only down side i can see is the high Book Value

Streetinvestor2:
.What is your present BE

Guy, I no dey understand all these acronyms

Finally fully loaded up on GTB. Let the ride begin

Ginalex:
Hello sir. I wouldn't mind you adding to his recommendations

Read these ones first. if you feel you need to educate yourself more then you can ask for more.

I don't typically like having these discussions because most Nigerians just like to gather books and not read them.

Ginalex:
Sorry to disturb you again. Please which of them is the right one to buy?

I own the red one but they are both the same book. Just different editions.

If you are serious about this then add

Hot commodities and investment biker by Jim rodgers

Ginalex:
Good Afternoon my ogas. Please what study materials/courses would you recommend that can help me improve in the art stock valuation? I believe there's a lot I can achieve in the remaining half of this year and beyond if I'm armed with this skill... Please help a baby in the industry trying to find her footing. Thank you

Intelligent investor

One up on wall street

Heishere:
In terms of dividend yield GTB is overpriced.

I've always wondered why people love dividends so much. You get charged 10% for taking profits on your own company profit. I wonder why Nigerian companies dont do share buyback schemes.

currentprice:
hmmm gtb fv is something else my bro. best of the best so far.. zenith no near, i expect more price widen

my opinion

Too much of a good thing is a great thing.

bovali:
I have an exposure of 90k usd in the S&P 500 index. I split my assets 60/40 between Naira and dollar. So everytime I get some funds I just convert to usd and add to the s&p500. There’s an options model I use to help time entries better and it’s been 85% accurate so far

All these big big numbers wey una dey quote dey intimidating oh. Me with my N10,000 portfolio wetin I go do?

Raider76:
Recapitalization makes short to medium term outlook for banking stocks hazy. While the picture of the way the exercise is going to take place is clearing the post recapitalization issues such as dilution effects are difficult to predict.

This fear is irrational. You are buying the business as it stands. And as it stands its a very good company selling at a ridiculously cheap price.

Mankind2024:
@Veterans Nosa2, you can't quit VFDGROUP! This group is destined for success. I haven't seen clearer or better financial reports from any listed company than VFDGROUP's. Be like a farmer - a seed planted in VFDGROUP may surely yield a bountiful harvest. Unlike some listed companies where the winner takes all, VFDGROUP's objective seems to prioritize investors' interests in their plans, indicating a more inclusive and sustainable approach to business.
They surely had a bad 2023 for the first time in their history.

Given the current market environment, VFD group is well priced at best. There is no bargain there

Just did the numbers for VFD group and the EPS printed for Q1 is wrong. They printed N10.34 but the actual number is N2.07.

I just lost money on FCMB because of this sort of misleading numbers. I'm not doing it again.

bovali:
I think I'm gonna be posting a snapshot of my portfolio at the start of each quarter cause that was the second b2b quarter of 40%+ returns. Also because streetinvestor is always mocking me for not dropping advise. That being said, i will never recommend anyone to invest in what i don't have stake in. DD advised as always.
Side note: I'm still upcoming so don't laugh at my portfolio. I have 45m in cash that i will use to average down if needed.

You dont have GTB? you need to look into it oh. Probably the cheapest stock on the NSE right now