₦airaland Forum

Agbalowomeri:
It's a synergy, no ground for comparison

Agreed, but FA paints a better picture of an organization than TA.

TA won't give you that picture, in-fact with TA will make you trade dead organization.

Mcy56:
Exactly! He didn't alert anyone cos he restricted himself to posting only links.
I was like, so this gentleman can make contributions aside posting links. A good one Dipo.

But why will anyone invest in an organization without good corporate governance?

This is why FA outweigh TA.

GTay:
It's been a massive disappointment for the last few years to be honest...I wonder what made me stick to them for so long. Glad to be out now though

Really disappointing

leadcapital trading platform has been disappointing since their recent upgrade.

MonkeyHunter:
Dear Deepsuk,

While repeatedly calling on God to punish people, please note the following as written in the scriptures

1)Thou shall not call the name of thy Lord in vain.
2)The foundation of the lord stands sure bearing this seal God knows those that are his so let everyone that calls the name of the Lord depart from iniquity
3)You can't serve both God and Mammon.
4) Shall we continue in sin and pray that grace should abound, God forbid.

You might want to retrace from the current path on which you are on or else it might be satan that will end up punishing you


Now at no point did I request that anybody should buy the stock. I only requested that the financials should be consulted before making a decision. I however might have erred in calling out other peoples recommendations as having been made without consulting the financials.

I have further consulted the financials and noted the following.

The main issue with First Aluminium is surprisingly not the negative retained but the capital structure. First Aluminium largely uses expensive debt in its operations and had debt of about N2.5 to N3bn as at year end 2017 at an effective rate of 24%. It paid interest of about N750m and tax of N350m during the year to give a profit of N209m. It's EBIT (Earnings before Interest and Tax) was therefore N1.3bn. If it had additional equity of N3bn it would have declared profit of almost N1bn as it would have avoided the interest payment. It therefore needs a capital raise through a rights or public issue to help ensure it works for the shareholders instead of the banks. Mgt tend to be interested in the share price of their companies when they need to raise capital and if possible help to give the share price a boost to what they think is a fair valuation for the company

It is also interesting to note that it obtained a 2.5b BOI this year as shown in the 2nd quarter 2018 results which should help reduce the interest expense as these loans are typically at single digits as opposed to the current cost of funds which is at 24%.

The business is a stable franchise with N10b in turnover annually which is approximately 800m monthly or 40m in sales every working day at 20 working days in a month.

I once again apologies to Wanajo and others for calling their recommendation out as I believe people should be free to give their recommendations on this forum wthout any fear of backlash.

Oga, you should not have replied her post.

You are not a newbie here.

Continue your good work.

Wiseandtrue:
Nice but why is it that schools in Lagos hardly win any international competitions

Schoosl in LAGOS are over hype

Mcy56:
Meaning?

Chart Indicator for Technical Analysis

Mpeace:
Abeg fx which one be bb.

bollinger band

After paying millions for LOGO design

FO MACD signal is looking positive for JIJO

EFCC should stop joining issues with Fayose it is not good for an institution like EFCC.

stcool:
My zenith is not for sale...hit me back when price hit N40

By 2019 Zenith Q4 should be heading towards N5. The price I bought issa Give-away

Infinitisi:
Large trade:

10.2 million International Breweries shares valued at N300 million traded in 4 deals.


Visit Nairametrics.com for more news.

Smart money involved here

Mcy56:
Lol. Its good na. The more guru, the better.

Abi o

Mcy56:
This thread is bearish this weekend.
Mpeace, have you written down the new words? I dont understand them o. Come and explain if you do. The graph looks beautiful sha.
.......Necklace, head, shoulder right, shoulder left, left turn, fwd match......
Na to say i go bunk the class ni o.

The market has turned everyone into TA guru.

I thought its the Immigration office that should be contacted

Everyone seems to be hooked up on TA today.

Nice

thunder74:
How I wish some of you commenting above can understand the letter

Please read again and this time slowly,

Clause 19 of the 20th February transmission States:

“Section 49 of the Principal Act is amended by substituting for subsections (1) and (2), new subsections “(1)” and “(2)” –

“(1) A person intending to vote in an election shall present himself with his voter’s card to the presiding officer for accreditation at the polling unit in the constituency in which his name is registered.

(2) The Presiding Officer shall use a Smart Card Reader or any other technological device that may be prescribed by the Commission, for the accreditation of Voters, to verify, confirm or authenticate the particulars of the voter in the manner prescribed by the Commission.”

Clause 17 of the 27th June transmission adds Paragraph 3 to the above which reads

"(3) where a smart card reader deployed for accreditation of voters fails to function in any unit and a fresh card reader is not deployed, the election in that unit shall be cancelled and another election shall be scheduled within 24 hours.”

Finally, it is the withholding of Assent by Mr. President to the latest transmission of August 3, 2018, which excluded the card reader provision that has now preserved the card reader and given opportunity and vent to the National Assembly to admit the card reader provision, when reconsidering the Bill, in her absolute legislative discretion.

Where is August transmission?
The Senate and House sent a bill to you in February and June and included Smart Card Reader and curiously in the August amendment, the card reader was allegedly omitted and you failed to tell us how the new section was drafted and you want us to believe that the reason you declined assenting it was because of card reader, somebody should explain please.

Interesting thank for analysis.

What a sick country

So because of elections, he decided to pay salaries.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/23635_R_T_BRISCOE_PLC._FINANCIAL_STATEMENTS_SEPTEMBER_2018.pdf

On top their loss, they still had 200k to donate to charity organisation. SMH.

Your eyes sharp o

That's the advantages of fundamental Analysis.

wanaj0:
Politicians may be disposing off assets for election funding BUT selling at such depressed prices is not to their benefit.

Even in emerging markets where there is no election, outlook is similar!

Not only politician.

High netwoth individuals are moving funds out of the country.

Recently, the FIRS said they are going after citizens with 1billion and above in thier accounts.

With the fines and revenue drive everywhere nobody wants to keep money around.

Mpeace:
De pumping and dumping move has been completed. Info reaching me says it was a very successful operation.

Just round 1.

Round two is on the way

Infinitisi:
I have a good book that will provide you with a good foundation in analysing company results which you can build upon as you read further.

It's written in such a way that anybody even if you have never seen a financial report in your life can not only read and understand but begin to do routine analysis of financial reports.

If you are interested just shoot me an email and I will forward it to you free.

emmatok1@gmail.com

This is just the beginning

So instead of building plants here they're busy signing it off to China.

CNN is becoming comedy central

anjilgreat:
Thanks for this informative thread. Pls gurus in the house I need to know if anybody has any idea or information about what happened to people that had shares with intercontinental bank before ecobank took over.

I and my husband have a combined shares of more than #500,000 bought between the year 2005-2008 from access bank(bought for #12.50/ unit as at that time), Zenith bank, and Intercontinental bank(my husband bought the highest shares from them, about #250,000).

Since the NSE was affected since 2008, we've been hoping for an improvement but it seems to be getting worst. I seriously need advice on what our next move should be. Thanks.

Ecobank took over Oceanic bank, while Access bank took over intercontinental bank.

First, you need to visit the registers of Access bank, Ecobank and Zenith bank, to confirm the amount of shares you have with them and also complete your e-dividend mandates forms.

After that, go get a good Stock Broker .