₦airaland Forum

House abeg any recent news on Transcorp?

I am trying to understand the appetite for the stock today

Mfunkynation:
UCAP still soarin high @2.04

I'm just angry here...


UCAP is less than 10% of my portfolio... I'm just hoping Fidelity makes up... entered at N1.15k and about 20% of my portfolio

Intendy:
Unilever is now a one chance vehicle.
they are expecting devaluation but PMB government is still saying NO.
So its bad business. they can't fight the trend(government policy)

The government must devalue if not get ready for command and control economy in which my next investment will be govt debt.

Already it is playing out in the oil sector, I don't think any downstream company will report profits at this rate in 2016 with NNPC having to import most of the products using crude swaps.

joesandy:
so how will register with a broker who is not in my home town. meanwhile is there any morgan capitals around imo or abia?

You can download their account opening form online, fill it and scan back to them with the required support documents...

You don't have to physically visit a broker

Raider76:
I ques it depends on your entry price. For me it has to reach 14.0 b4 my cap appr will equal my dividend. So I am still better off holding.

I entered at N11.90k...so my capital appreciation is less than div but I do not trust this bear market so will sit out investing (except defensive stocks like AFRIPRUD) until the macroeconomic environment and policies are clearer.

Imagine if the MPC meeting comes out with foolish pronouncements?

mercylicious:
3 days? i wont wait for 3 days bearing in mind friday is pub holiday.

thursday will likely be bearish (dont ask me why) it is said that ppl sell their share to be liquid for d season.
not sure if dts d reason sha

I have JO out of Zenith today at N13.20k, I am not too greedy as always... sitting on my cash and eyeing the market...

Thinking maybe FCMB ahead of their Q1 results... any thoughts?

iyb:
fidelity just entered today at 1.25 make us proud sharp sharp

You dey enter when me dey plan my comotting strategy... entered at N1.15K

megainvest:
In my opinion, selling Access may not be a bad decision but buying Afriprud at this time is really a tough one for me to swallow! Do your DD

My AFRIPRUD get 5 yrs holding period sha... Looking for steady dividends and would rather sit on the NSE than in Bonds...

Besides few companies will have good 2016 results... so na to plan ahead now

Make Fidelity drop this result abeg.... Your boys are ready!!!

megainvest:
Zenith & GTB on revenge mission!
Access wants to continue digging.

I have sold my Access and joined the queue for AFRIPRUD

I haven't looked at the UCAP financials... but I'd suspect that a chunk of their profits would be unrealized gains on portfolio holdings...

Some of these gains might have been eroded post year end... So me I will just sell CUM div and run away ...

Do your DD

Intendy:
Datamax registrar

Thanks!

House,

Please who is the registrar for MANSARD?

Thanks

Please can anyone show me how I can place a stop-loss order on Morgan Itrade? Thanks!

Manonamission:
That report requires more scrutiny. Access share capital as at Dec 31, 2015 is 14,463,986 (thousands Naira) which implies an OS of c. 28.927B. You can also confirm from the NSE website.

EPS should be c. N2.28. I often overlook the discrepancies I notice in some results when it is not significant. Over 30k difference is misleading.

I thought they did a rights issue sometime last year?

megainvest:

Oga Mega, why Access Bank dey enter ground like so? Abi them dey dig for crude oil ni?

mercylicious:
The bear wey go catch mansard is doing press up.



I exited the money i cant afford to tie down for long from zenith yesterday (i was very heavy here.) . am gambling with the other half.
i paid my brokers and made little profit from the sale.

Have u guys noticed mkt is reversing, but slowly reversing. oil price is a must in jijo.

meanwhile, i just have to say thank you to dangote . tigre ride was good.

No be only press up

E be like those guys no understand the industry... see NEM looking good, them just dey there dey speak english

RedCapChief:
That is not your fault. I don't think anybody could have foreseen the collapse of Starcomms. Even private equity firms lost out

Oga, it is his fault... No excuses...

I also bought Starcomms with doing the necessary fundamental analysis...

I am not crying again, I have moved on...

But I am taking the lessons with me... If I see a good stock based on fundamentals, I keep buying even is the price is going down (e.g I am still buying AFRIPRUD even now)

If I see a loss making stock, even if it is a growth industry, even if it is 10k per share I am NOT buying... If the SEC won't protect you from bad corporate governance, the best you can do is protect yourself by doing your homework.

My two kobo

Una no go hear word with this Oando.

Anyway my rule number one is NEVER buy a loss making stock...

A stock is part ownership of a company and its number one return is dividend not capital appreciation (a side effect)

Buying a loss making stock is speculation not investing ... TOH

Experience is the best teacher

megainvest:
Market likely to reverse today. Oil back up above $40.
JIJO may be profitable today. Pls do your DD and make your decision for yourself ooo.

I think it is monetary policy that currently influences the market over and above crude oil price... A lot of eyes are on the outcome of the MPC meeting next week.

Intendy:
I pray you will not continue to fail.
how are this two countries related to the ones you wrote.
is Nairobi now in Russia or which one.
I still ask how are they now better off after devaluation?

Peterichy is right on that one. The Rand is a devalued currency that has lost almost 50% of value in recent times... but because it is a managed float there is ease of entry and exit of capital unlike how our CBN constrains fx liquidity.

Bottom-line, at the present time, if I had access to the JSE, I would be there instead of this here JIJO

House,

Please in the e-dividend form for Africa Prudential Registrars http://apregistrars.com/downloads/e-dividend%20form.pdf

It asks for Shareholders Account No. (if known)... what account is that? CSCS Account No?

megainvest:
Bears devouring Access!

Their result will come out today or tomorrow

manie:
I will not advice you to get a loan for stock market speculation.

I don't intend to repay from the proceeds of share sales...

Some of these stocks are at their lows and I'm only buying the ones I can hold comfortably for 5 years...

Of course that means NO banks

This is the greatest time to be an income investor...

Let me borrow some money from my cousin and visit the market later today!

ExLaidback:
FBNH declares anything less than 50k dividend, profit warning or not, I'll personally send EFCC after them. So whoever knows them, make e tell them say, no bonus o, just dividend. If UBA can do 40k, I don't know what their excuse is. Haba! More than half my portfolio is tied up in that... thing...

Abi o...

I have been diluting and diluting wetin dey do me last year

A good dividend will help calm me down

passwelle:
FPI are not done yet with selling Zenith. Be informed.

That's ok too... if they exit and depress prices, I can pick up more units and collect more dividends seeing as I don't have an fx exposure.

One can always JO when they report their Q1 earnings

davide470:
Not so true, the FPI are more in Zenith than GTB as seen below, so expect anything tomorrow.

Chief, I'm not sure this position is not dated.

I recently read on Bloomberg where Aberdeen said they had exited ALL their Nigerian equity positions...except na just mouth

NIGERIA | EQUITIES | BANKING | Zenith Bank Plc

Q4 2015 results highlight:

· Net interest income:+29.6% q/q; +0.1% y/y



· Investment & operating income: -84.4% q/q; -85.4% y/y



· PBT declined by -32.3% q/q; -34.6% y/y

Zenith Bank released its Q4 2015 results today which were uninspiring on a q/q and y/y basis. PBT declined by -34.6% y/y to N21.56bn, despite a -22.1% fall in total operating expenses. The performance was driven by a -85.4% y/y contraction in investment and operating income and a +27.3% y/y increase in loan impairment charges while net interest income was virtually flat at N63.18bn.

Sequentially, the +29.6% q/q rise in net interest income and -4.1% q/q decline in total operating expenses were weighed on by a -84.4% q/q decrease in investment and operating income, despite a +58% q/q increase in treasury bill trading income. In addition, a +136% q/q increase in loan impairment charges pushed PBT down -32.3% q/q.

We highlight the significant reduction in investment and operating income; due to an N11.5bn drop in fees and commission (versus Q3 2015), FX trading loss of N6.4bn and other income loss of N4.4bn in the quarter.

On a full year basis, PBT was up +4.9% y/y due to a +8.8% y/y increase in net interest income offsetting the -6.1% y/y fall in investment and operating income and the 20% y/y jump in loan impairment charges.

Given the low interest rate environment, weak economic output and the difficulties corporates face in sourcing FX, we may not see improvement in net interest income and FX trading income in Q1 2016.

The company proposed a final divided of N1.55kobo representing a dividend yield of 12.08% as at today’s close price.

While our models are under review, we rate Zenith Bank (BUY). Our price target is N17.90.



Source: Investment One Research

BMZK:
Exactly my thought. Even if it is First In First Out ,the first tranche of my order was filled in the morning around 11am which means i am already on top of the queue to be served at that price.
The funniest thing there was no such order in the bidding. In fact the total bids of diamond all prices included did not reach 2m through out.

Maybe the sell order for the 3m units was Fill or Kill

rebekah2011:
Apologies. Been doing vigil on Zenith Bank results. My eyes are not too clear

Hahaha.... Let them quickly release result make person JO

Zenith is too overvalued for my long term portfolio

Manonamission:
How far with Transcorp? It seems investors ain't bullish about the 2015 results. Not expecting a fantastic result. Hopefully, it turns out good. Uncle Tony, abeg your attention is highly needed here make I fit bail out. Na Jijo I be wan do o.

Hahaha... I thinks say na only me... see how 14% of my portfolio tanda...