₦airaland Forum

GTCO comes to mind.

What Is Floating Stock?
Floating stock is the number of shares available for trading of a particular stock. Low float stocks are those with a low number of shares. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares.

Closely-held shares are those owned by insiders, major shareholders, and employees. Restricted stock refers to insider shares that cannot be traded because of a temporary restriction, such as the lock-up period after an initial public offering

Special Considerations
A company is not responsible for how shares within the float are traded by the public—this is a function of the secondary market. Therefore, shares that are purchased, sold, or even shorted by investors do not affect the float because these actions do not represent a change in the number of shares available for trade. They simply represent a redistribution of shares.

Example of Floating Stock
As of June 2020, General Electric (GE) had 8.75 billion shares outstanding.
* Of this, 0.13% were held by insiders. 63.61% were held by large institutions.
* Therefore, a total of 63.7% or 5.57 billion shares were likely not available for public trading. The floating stock is therefore 3.18 billion shares (8.75 - 5.57).

It is important to note that institutions don't hold a stock forever. The institutional ownership number will change regularly, although not always by a significant percentage. Falling institutional ownership coupled with a falling share price could signal that institutions are dumping the shares. Increasing institutional ownership shows that institutions are accumulating shares.

Culled from Investopedia

thesilentone:
Please does anyone know how to find the Companies that are grouped in the different indexes on NSE, for example NGX30?

I have gone through the NGX website with no luck.

Thanks

https://ngxgroup.com/exchange/data/indices/

I believe there is a dropdown in there for u to select...

As i no get work today, i patched up a couple of shareholders distribution tables from gtco financial statements and condesed into a clustered columns chart.

Some insight on how GTCOs shares redistributed among the verious shareholders tiers, though more descriptive than predictive.

A few observations:

1. <500 Mil - 1 Bil> tier investors (by d way, respect if u are in this category ) sold down from 3.4 to 2.8 Billion shares in the first half of d year.

2. GDR undelying share remained constant as expected.

3. Stanbic holdings also remained constat.

4. Massive sell off from <100Mil - 500Mil> tier investors from 6.7 to 5.8 Billion shares in the second half of last year.

December financials will shed more light on which tier is causing this fall in d stock and possibly why.

Some Notes: GDR, Global Depository Receipt, allows GTCO to be traded on d London stock exchange. In other words about 5.9 Billion stocks are being traded on London exchange.

I wonder if GTCO on d London exchange is also experiencing the same fall and whether it presents arbitrage opportunities to some investors.

BullBearMkt:
Below is my post with the view to understanding market behaviour before-during-and-after Nigeria general elections.

Interesting take, maybe market priced in the positive expectations from potential improvements in d economy and when it realized it wasn't the case it adjusted self. I read somewhere that the market is always discounting for perception of future outcomes.

Wapgod:
With no intention to insult you, What does this have to do with the Nigerian Stock Exchange or nigerian stocks?
Your post is offtopic this thread.

Sorry, wrong thread

Given dat USA is d world largest producer of crude oil. Do you still think that USA will be d loser at the end of dis inflation period?

Some people here think USA will print itself to oblivion, I laugh in your face.

You think that putting together a few charts and stats makes you an Authority on the subject, or that speculating on secondary sources of information makes you far more knowledgeable than the people who have almost unlimited resouces and access primary info by d minute. I laugh again.

My prediction? USA and d West will come out far better than the rest of d world!

Backpedal:
I'm just here wondering what the fate of Caverton will be

Looks like it is going to lay in d (#1 to #2) region for sometime, can even go as far as #0.5. Based on a simple Closing price distribution by number of days .

As a fan of the Vampire Lestat chronicles by Anne Rice I am expectant to see d new show Interview with the Vampire.

It will be nice if they could turn the whole chronicles into shows, I read a few books and i can tell you that Lestat is d most interesting vampire. I would also like to see d story of d mayfair witches played out on screen.

Dum20:
Treasury bills is now 12%, why put money in risky assets like stocks.

Interesting days ahead. But I have a strong feeling that third quarter results will be very good and give a boost to the market

Here is Nairametrics take from their last post titled: "How to make money from the CBN’s 15.5% interest rate hike"

... Buy the dip with Stock Market – This is not a great time to invest in the Nigerian stock market because we also believe share prices will tank.

* However, being unattractive is just in the short term thus investors who have cash should look out for great Nigerian stocks they can buy at bargain prices.

* We will suggest patience until stock prices have fallen to multi-year lows. Investors will be smart to purchase stocks that offer less than 2x in price-to-earnings ratio and double-digit dividend yields.

*Investing in banks may just be a good short term opportunity as banks tend to make money from rising interest rates ...

leparj:
GTCO or Zenith.
At current prices, which is advisable for me to buy this morning?
Will appreciate some responses to guide me.
Thanks.
Good morning everyone.

Split your capital and buy both, but be aware that you may experience deeps (in d short term) as they are likely to fall further.

Below is d overview as at yesterday's market close.

[quote author=ImperialCovfefe post=117122216][/quote]
In Burna Boy's voice: He don cast... last last last na everybody go chop breakfast...Shayoooooo Shayooooo

essentialone:
Most of those who are buying GTCO now are in the hope of a massive dividend yield. But this one that GTCO has bent its head one side like an old layer egg, 2 things are possible

1. They may shock themselves by declaring a dividend far BPE (Below Public Expectation)

2. They may dip into RE (Retained Earnings) and declare a dividend as massive as that of yesteryear. But sadly, after QD, that may further push the price level towards the N15 neighborhood.

We watch and wait...�

This statement ... this one that GTCO has bent its head one side like an old layer egg ... because the company's long-term fundamentals is bad or that some sellers are offloading for reasons unknown? If d later then we have a valuable stock.

What is you take on fundamentals?

Cognitive Biases: The 3 conundrums we must face.

Information
There's too much information to process, and we have limited attention to give, so we filter lots of things out.

Noise becomes signal.

The downside: we don’t see everything. Some of the information we filter out is actually useful and important..

Meaning
Lack of meaning is confusing, and we have limited capacity to understand how things fit together, so we create stories to make sense of everything.

Signal becomes a story.

The downside: our search for meaning can conjure illusions. We sometimes imagine details that were filled in by our assumptions, and construct meaning and stories that aren’t really there.

Time
We never have enough time, resources, or attention at our disposal to get everything that needs doing done, so we jump to conclusions with what we have and move ahead.

Stories become decisions.

The downside: quick decisions can be seriously flawed. Some of the quick reactions and decisions we jump to are unfair, self-serving, and counter-productive.

By Buster Benson

yMcy56:
So, what's the next support now?

Km 15

It closed as low as @14.5 on 03-2016.

VeeVeeMyLuv:
Yes I mean it! It is heading towards 1k!

The advisable thing to do now is to just find a way to convert your naira to dollar at a rate close to official rate, then save in a dollar account to yield interest for the foreseeable future.

What of Chinese Yuan, seems to be doing fine.

Baddestguyp:
Ser Criston really messed up the opportunity to be running dragon pùssy on the side for free

What a clown

Ser Criston will go on to be a turn in her flesh.

In another news, Alicent has flagged the color green, kicking off the fight between the greens and d blacks(or reds). The fight go chocke both factions, na him be d blood way dey always flow for d opening song.

This show go long o, and it will be filled with tragedies.

[s] Will d dullness in the market persist till after the presidential elections?

Lower lows in some stocks, occasional spicke in others just for them to return with-in range. A handful will trend up. Buying in trenches will be d way go as bottom not yet in sight for most stocks.

Foreign dollar investments are most likely going to come in after a certain level of safety is established, that in my opinion will be a couple months after a successful election. [/s]

yMcy56:
One thing I believe is that Oga Oracle's predictions will come true, always comes true.
When is another thing, he doesn't control time or countries........but we'll be expecting it.
We'll be on the lookout.....It'll be an interesting time.
Someone may call me a dogmatic follower or whatever name una like, e no concern me.
Sha go and be looking for money to be a partaker when time comes or if in market, be hopeful.

3 people who are very difficult to advice in life; a man with money, a woman in love and an African mother following a prophet. -Peter Edochie

RabbiDoracle:
From November 2021 till date:

NASDAQ 100 - 29.5%
SP500 - 20%
DJIA - 16%
Facebook - 59%
BABA - 52%
NIO - 58%
NETFLIX - 65%
AMD - 53%
Nvidia -61%
BTC - 72%
HOOD - 73%
AMC - 80%
Peloton - 89%
Shopify - 83%
Exxon Mobil + 55%
Schlumberger + 36%
Occidental petrol +124%

My position +85%
My buddies' positions +114%

Sieve the noise on social media platforms, make your research and invest smartly during crisis. You too can make it.

Pls transfer your positions to NSE we need fresh $$$, if USDs crash so will US stocks. ZENITHBANK, GTB and some others need you.

essentialone:
What is the forecast on UPL? It has already lost 40% YTD. Will the dead bones of UPL ever rise again?

But the stock gave a clear sign in May, Sell me, look at that monthly candle on 2022-5.

On the chart it appear to have a support at d 1.65 region(previously a resistance). In my opinion; hold it till month end and then make ur decision. There is a good chance that it will change course at least a little.

Frangel:
Pardon me, I'm not a banker nor an economist. I just want to understand and learn. Strictly from your illustration and your point now, where will the banks get the money to pay their depositors total $21,000 assuming they all coming at the same time? Print money?

Mind you, my reasoning was just that the money supply was still $21,000, against the $21,900 you stated earlier ($900 being created by the banks).

Practically, deposits are Liabilities to DMBanks, while Loans are Assets to. Before these are created, the banks have their Capital to work with. The interplay/management of these get them operating as banks.

I am not a banker nor an economist. You would be surprised howmuch u can learn from google these days.

This is what i believe based on googling and some reasoning:

1. There are three main types of money: currency, bank deposits and central bank reserves.

2. Each represents an IOU from one sector of the economy to another.

3. Total money in circulation is a measure of the total amount of money held by households(individuals) and companies in the economy.

4. Total money in circulation is made up of bank deposits — which are essentially IOUs from commercial banks to households(individuals) and companies — and currency — IOUs from the central bank.

5. Commercial banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of dolars worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage(loan). At that moment, new money is created.

You see, based on d ideas above, when banks loan out to debtors, the total money in circulation is increased(for d duration of d loan). And of course there are liquidity risk when customers decide to withdraw at the same time as well as credit risks if customers default.

ibechris:
Osita rest oh.

Make we move to another topic.

Ok, Sir.

Let me say one last thing oh. Imagine Gtb bank informing you that your precious money in dat ur account has been halved cause part of it was lent to a debtor.

Damn

Frangel:
Good we agree banks can't literally print money.

Your concept of 'creating' is based on credit. What credit does is to allow the borrowers produce/consume at a higher capacity than they ordinarily could. But in all, existing cash is transferred from one end to another to pay for this.

In your illustration, total deposits received was $21,000. Out which 10% ($2,100) was retained by both banks. Total loans was $18,900, but out of that $900 found its way back to one of the banks. Hence, cash with the banks is now $2,100 + 900 = $3,000. Cash still with borrowers is $18,900 - 900 = $18,000. Total cash with banks and borrowers is $3,000 + 18,000 = $21,000, which is equally the total deposits ab initio, but in different hands.

The banks did not 'print or create' new money but redistributed the existing money. Might be voodoo if they create money through loans and the money so created disappears upon repayment of such loans.�

I agree it is a hard one to understand. The error in your reasoning is that the depositors account is a different entity independent of loans issued. Anderson bank loaning out $900 to a debtor does not change d customers deposit balance, it is still $1000 !

The concept of money multiplier is a topic in monetary economics. It is thought in schools. I didn't create the concept.

Frangel:
Money lending banks are intermediaries between depositors and borrowers. The money they lend ("create" comes from deposits or loans they receive (existing money). Cannot print money.

On the other hand, the CBN can just print new money/cash (non existing) and pass it into the system. CBN can also lend money to borrowers.

Very distinct activities.

Banks can't literally print money but they do create new money when they make loans.

In fact, the vast majority of money in the economy today comes from these loans created by banks.

However, when a loan is repaid, that money disappears from the economy.

To understand the process of money creation, let us create a hypothetical system of banks. We will focus on two banks in this system: Anderson Bank and Brentwood Bank. Assume that all banks are required to hold reserves equal to 10% of their customer deposits. When a bank's excess reserves equal zero, it is loaned up.

Anderson and Brentwood both operate in a financial system with a 10% reserve requirement. Each has $10,000 in deposits and no excess reserves, so each has $9,000 in loans outstanding, and $10,000 in deposit balances held by customers.

Suppose a customer now deposits $1,000 in Anderson Bank. Anderson will loan out the maximum amount (90%) and hold the required 10% as reserves. There are now $11,000 in deposits in Anderson with $9,900 in loans outstanding.

The debtor takes her $900 loan and deposits it in Brentwood bank. Brentwood's deposits now total $10,900. Thus, you can see that total deposits were $20,000 before the initial $1,000 deposit, and are now $21,900 after. Even though only $1,000 were added to the system, the amount of money in the system increased by $1,900. The $900 in checkable deposits is new money; Anderson created it when it issued the $900 loan.

I hope this matter can be put to rest, abeg o.

ibechris:
One of them creates money by means of loan and deposits while the other prints money by order of the CBN.

Know this and know the difference.

My friend, with the coming of digital naira the difference is getting slimmer. Money is just a number in ur account.

ibechris:
One of them creates money by means of loan and deposits while the other prints money by order of the CBN.

Know this and know the difference.

I know this nah, I have already cleared d confusion before. The meat of d matter is that money was created in both cases .

Oshokhai69:
Oboi you are too dull. No need for me to respond to you again.

Sure, you don't have an answer to that.

Oshokhai69:
Only an idiot will equate circulation of existing money to printing money.

When banks make loans, they are in essence using deposits that were kept there with existing money by depositors.

When central banks print money, they are adding money to existing money mainly to pay down local currency debt. And this is typically the last resort as it always leads to hyperinflation.

Any mumu that equates them both deserves at least 24 strokes of the cane on their head. And I mean it!

Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash.

All the available physical Naira can not go round if everyone decides to hold their moneys in cash. Why?