₦airaland Forum

HesInMe:
There's an easier, first-order gut check: the current (or, even better, forward) market price-to-earnings ratio compared to historical trends. That's the total market cap of the All-Share Index divided by the total earnings of the listed companies.

Does anyone have that metric calculated by an analyst?

According to Simply Wall Street (take with a grain of salt):
3-year average market PE: 9.2x
Current PE: 8.2x

Agbalowomeri:
From correction to Janet

nosa2:
No worry, DSS go soon come carry you. With these your price expectations you must know of some secret plans to declare civil war in the country

GeneralDae:
But so many stocks (including the ASI) have also appreciated in dollar terms compared to 2023. I believe Statisense have done these comparisons with May 2023 more than once. If you are comparing the stock market to 2013 and 2014 then you may have a point.

Streetinvestor2:
let look at your position based on my street analysis. You don't believe what is happening recent times has to do with CGT and blood Bath. You believe it is market cycle which means after bull season is correction cycle or bear cycle. My street sense tells me we never really had bull season since this government happened as we had bear season during Buhari. What I believe happened in the last 3 yrs was repricing of ngx assets due to devaluation and inflation on the street. So when did the bull cycle really happen that we have moved to opposite or different cycle.

toyeoye:
OANDO under heavy fire today 🔻🔥

...plunged to its session low (-6.17%), after opening at the day’s high... a clear sign of relentless selling pressure from the opening bell.

⚠️At ₦38.00, the stock is now dangerously close to its 52-week low (₦35.75).

Track every move live on StockBubbles.

olig:
unfortunately, I was late again.

emmaodet:
Why did you say most stocks are over-sold?
Because according to this Meristem research, the current ASI P/E is below average 5-years SD/-1
Which means fundamentally, the average stock needs to be priced up.

leo1234:
Your own is to criticize and condemn what you don't understand.
So someone trading with over 200 million naira looks like a novice to you

Do what works for you and mind your business.

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

nosa2:
I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

Agbalowomeri:
Bear never start. Where is the bottom?

ositadima1:
Not really. Even though they have negative equity due to huge payables, this debt isn’t interest-bearing, so it doesn’t eat into whatever profit they manage to generate. I’m not sure what kind of deal they have with the companies that supplied them goods or services, worst case, they do a rights issue or gradually pay it off over time. Those companies can’t take over NCR, strip it for parts, and sell, they wouldn’t recover their money that way. The only viable option is to support NCR until it’s able to pay them back, so it’s not imploding anytime soon.

Despite all this, I wouldn’t be surprised if the stock reaches ₦30 per share.

stokfrick:
I strongly feel this 30% level of CGT will chase away investors.
If you struggle to make profit government will divide your profit by 3 and take one part.
But if you make loss you are on your own.

Streetinvestor2:
It looks na money point or betnaija because no bank will give u such.
I hope baba never dey lie join the matter

SonofElElyonRet:
Block him, then repeat the block after 2 weeks.. no need venting

Valthegreat:
I never concluded that ELLAHLAKES is a bad investment, I only read that from you. But it is clear to investors already that the management are gamers of which I see their games as a way to achieve their growth goals not necessarily for fraud.
Chuka want investors to keep being upbeat about ELLAHLAKES before the company arrives at his projected destination. It is obvious he is taking steps to get there amidst his theatrics and I don't see anything stopping him. There are so many ways to the top and he is following one of them

Valthegreat:
So you were expecting Chuka to give you another lie when you are already holding him on his blockos for his former lies?

However, I believe ELLAHLAKES turn around is getting closer than ever.

yMcy56:
Impossibility is not in the dictionary of this market sir. 😊

The confidence with which ELLAH is going about this, and the fact that SEC approved the fund raising exercise shows there must have been some DD carried out that the company can achieve it, even if not all, at least, a larger part.

Some rumours have it that there are strategic investors on ground to pick up the offers...and that ARPN has strong footing......na hearsay oo.

We see how it goes anyway .....
Wishing ELLAH success in the fund raising program and growth expectations.

currentprice:
In my opinion, what is happening is the effect of the CGT.
Investors prefer to protect their already hard-earned gains from the market before the CGT policy takes effect in January, then start with a fresh slate in 2026 first quarter.

Based on the (TA), I expected this move to start last month, but the NSEINDEX bounced above 142K to over 150K, giving traders false hope.

although d market can not moves straight down to the expected destination , I expect a slow and steady decline throughout this quarter. The CPC has just added fuel to the CGT fire

whichever, Fingers crossed

Agbalowomeri:
Price is a mirage

Stock market bull is advanced and legal ponzi

dangle:
Circuit breaker needs to be activated. ASI down by 5.03% in a day!

Agbalowomeri:
Whether portfolio balance or rickety, all of una go collect

emmanuelewumi:
It still boils down to how diversified the portfolio is


The general market is down by less than 5% but his portfolio is down by 30%

Agbalowomeri:
The psychology is that when it bounces back by 10-20%, more sellers who didn't have the opportunity to sell will appear and the next journey will take it to 1.5-1.8

emmanuelewumi:
You also need to consider liquidity


It is also difficult to target and sell at the 52 weeks highest price