₦airaland Forum

Intendy:
stocks with new 52 week highs

seplat #485.20k

zenith #24.00k

lafarge #61.00k

dangote cement #233.50k

Uba #10.41k



stanbic Ibtc #35.17k

gtb #37.70k

This is mini bull on the roll. When will it end? No one knows. Thanks for the timely update.

Seplat is the only stock I don't understand in that list.

DangFlour sideways dance is taking too long. Meanwhile, Transcorp investors are the most emotional.They can run when nothing is truly chasing.

stcool:
My price limit is the obstacle. ARM & MERISTEM

I see. If the stock doesn't get to your level, you might need to up your bid, or better still wait and hope it gets to desired entry price.

stcool:
Yesterday my order unfilled....today same issue @ noon order not filled. Let them eat it.

Which platform? And which company are trying are you trying to buy? May be they are filling higher bidders.

[quote author=PharmAlfred post=58675519]Is Dangflour about to break out? If quarter 2 surprises the market, then it should be in for a great ride.
Meanwhile, Oando thrives on bad news. The 'badder' the news, the better for Oando.

Not much has been seen in terms of SP appreciation on the NSE and H1 may not usher in the real bull.
Picking a stock that will pay off in the short term is going to come with a bit of luck, courage to take risk and right timing.

I need those stocks that will appreciate in the very short term. What's your forecast?

Is Dangflour about to break out? If quarter 2 surprises the market, then it should be in for a great ride.
Meanwhile, Oando thrives on bad news. The 'badder' the news, the better for Oando.

Not much has been seen in terms of SP appreciation on the NSE and H1 may not usher in the real bull.
Picking a stock that will pay off in the short term is going to come with a bit of luck, courage to take risk and right timing.

I need those stocks that will appreciate in the very short term. Wh

stcool:
After this your post...I knew you don't trade with ordinary hand. The gods are involved (Just kidding).

Anyways, for ConOil my avg. purchase price is N40 and If it goes down to (N)20-25 I add more ahead of dividend next year! Shekena!

But nobody can truly say why the stock is sliding down. I think it is beyond the sentiments we are expressing now. Conoil share price rose 100% after it declared dvidend last year. This year, it is been bashed right, front and centre. I think we will know the true worth in the next 6months. Let's see what its q2 will look like as it is likely to give an idea of the company's direction.

stcool:
After this your post...I knew you don't trade with ordinary hand. The gods are involved (Just kidding).

Anyways, for ConOil my avg. purchase price is N40 and If it goes down to (N)20-25 I add more ahead of dividend next year! Shekena!

But nobody can truly say why the stock is sliding down. I think it is beyond the sentiments we are expressing now. Conoil share price rose 100% after it declared dvidend last year. This year, it is been bashed right, front and centre. I think we will know the true worth in the next 6months. Let's see w

Intendy:
stock with new 52 week lows

UPL #2.92k

stocks with new 52 week highs

cutix #2.25k

seplat #470.00k

What is behind the rise of Seplat. The SP moves up more when they post bad result. Conoil is posting good result and paying dividend and SP is falling.

I am not understanding o!

Zhirinovsky:
Sowie, netwrk was bad in the building.
Yea, just left though

No problem. Yes, the network in the hall was poor. More profit!

Zhirinovsky:
Pls who is coming for the TIA meet up?

On my way to the event. Are you there already?

Pls who has understanding of what is going on @ Conoil? It is refusing to move as anticipated.

What is the TA saying @Fxuser, @ BullBearMkt @ yok

Looks like I will slide in.

@BullBearMkt Pls check your mail and reply accordingly. Thank you.

So who else is attending the Tiameetup this week Friday?
We could get to meet.

So who else is attending the Tiameetup this week Friday. I w

Princkez:
these are d guys who always have first class info ....see as dey are buying 10m and 20m units in a single trade without noise.

Yes. You might be very correct. This is strategy they use; they will wait for full offer @ the lowest price for the the day before they start mopping up. It is the same strategy they will use next week. Panic sellers will only fall into their hands. The massive accumulation here simply shows something is going on. For now Transcorp is enjoying a favourable sentiment and govt policy seem to be very helpful too. I think Transcorp will be worth staying out.

Do not be guided by my opinion. Do your DD.

DeRuggedProf:
READ THIS BEFORE BUYING NEIMETH:
It may guide your entry/exit or BUY/SELL/HOLD:

https://www.google.com.ng/amp/punchng.com/neimeth-loses-materials-to-fire-earnings-threatened/amp/

The Neimeth rise might just be smoke screen after all. I know their q1 2017 was terrible. Let's see how far it goes.

Looking the volume Transcorp has posed in the last 2 days . The people buying it now have been waiting for it to get to this level.This guys are not smiling at all.

Meanwhile, who knows what is going on @ Neimeth. This was how May and Baker started.

I would appreciate any info on Neimeth.

Conoil has been very consistent. It dividend paying history is one of the best. How the market overlook this kind of stock sometimes leave me wondering.


It is surely a stock to have. See the way they displayed their dividend history in the result.

I think it is good for long to medium term investing.

ewuoso2002:
Last year when I started domain biz, I paid $5 fee which is a yearly fee to be a member auction.godaddy.com
U can check it out.
After u register and made the payment, u can list your domain there. I've sold like 3 domains using them. I just list them there and I was told my domains had been sold
They are okay and I recommend them
How do patronise namepros, I have an acct there but hardly understand what u mean by patronise them

Hello bro. How well were your domains priced when you put them on Goddady auction?

GraceThomas4487:
Received same report from CardinalStone. Most Analysts are aligned with this report. That backs my earlier comment that the God of Transcorp will arise next week.....

I have a strong feeling Transcorp will rally sooner than later. It might hit #4.0 if it has a favourable investors sentiment.

Transnational Corporation of Nigeria Plc - Improved Earnings Outlook

Stock & Analyst Updates694 VIEWS 



Friday, June 16, 2017 12:50 PM /CardinalStone Research

In light of recent developments in the power and hospitality sector, we update our outlook on Transnational Corporation of Nigeria. We revise our target price (TP) to N3.05 and place a BUY recommendation on the counter. Kindly find key highlights below;

CBN/ NBET Upstream Payment Assurance Program
Recently, the Federal Executive Council approved a payment assurance guarantee for the power sector, which is to be provided by the Central Bank of Nigeria (CBN) as part of measures to address the protracted liquidity problems facing power generation and distribution companies in the power sector.

The Payment Assurance Facility is a N702 billion (US$2.3 billion) CBN loan to Nigerian Bulk Electricity Trading Plc (NBET), guaranteed by the Ministry of Finance (FMoF), to support NBET electricity payments to GenCos and in turn, to gas suppliers. The Payment Assurance Guarantee is for a two-year period, beginning in January 2017 and will guarantee NBET’s payment obligations to GenCos up until December 2018.

According to the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Electricity Supply Industry has been experiencing a shortfall as power distribution costs have increased by 40% between 2012 and 2016 whereas average electricity tariffs have not kept pace with this increase.

This shortfall has had a detrimental impact on the energy companies throughout the value chain as the distribution companies (DisCos) have accumulated large arrears due to the generation companies (GenCos) – N470 billion (US$1.5 billion) as at FY’16. The wider economic effects of the tariff deficits were also evident as the GENCOs had difficulty in meeting their payment obligations towards financial institutions and gas suppliers.

Figure 1: Power Assurance Guarantee Structure



Power reforms to serve as catalyst
According to NBET, payments have commenced and this was confirmed from our discussions with Transcorp’s Management. Under the arrangement, the Payment Assurance guarantees payment of 80% of the GenCos’ invoice which according to management is about N3.2 billion per month.  

Average monthly payments was about N1.1 billion before the new framework kicked-off. In our view, this will slow the pace of growth in outstanding receivables and reduce the negative impact on working capital. Also, with the stability in gas supply so far this year, management disclosed that capacity utilization has improved, hovering around the 60% level. 

Therefore, we revise our average capacity utilisation to 57% (Previous: 55%) well above the 48% and 50% observed in FY’16 and Q1’17, and raise our 2017 revenue projection for the Transcorp Ughelli Power Limited to N59 billion (Previous: N52 billion). 

Improved outlook for Transcorp Hilton Abuja on ABV re-opening
The closure of the Abuja International Airport (IATA: ABV) had negative implications for passenger traffic and consequently occupancy levels at Transcorp Hilton Hotel Abuja in Q1’17. 

According to management, average occupancy level in Q1’17 dropped to 52% (Q1’16: 64%) with a marked decline in March when average occupancy level printed at 41%. With the re-opening of the Abuja airport, traffic has improved and occupancy levels are back to normal. 

Management took advantage of the downturn to refurbish some of the facilities and these facilities have been re-priced accordingly. We retain our 2017 average occupancy level at 56% (FY’16: 59%) and our FY’17 revenue forecast at N13.7 billion.

Valuation 
We expect an improved performance from the power and hospitality subsidiaries and revise our FY’17 revenue projection to N73 billion (previous – N67 billion), 23% growth from FY’16 revenue. Costs surged last year due to the double impact of exchange rate and inflation. With some moderation expected in inflation this year, we expect gross margin to improve to 51% from 50% in FY’16.  

Barring a devaluation, net finance charges should reduce by about half and thus the company should return back to profitability. We project a net profit of N6.2 billion by FY’17 from a net loss of N1 billion in FY’16. 

We have revised our target price to N3.05 (Previous: N1.00) to reflect the impact of an increase in power generation as a result of better gas supply and increased hotel revenues from ongoing upgrade. Our revised target price presents a 65% upside to current price of N1.85 and revise our recommendation to a BUY (Previous: HOLD).

Credit: Proshare. I hope we find it revealing.

[quote author=GraceThomas4487 post=57572853]Next week is all about Transcorp..... TP reviewed to 3.80. People wey dey hold May & Baker go

Pls what's your source. I can afford to wait. If the bus gets to #3 junction, some of us would have become stronger millionaires.

Which stocks can deliver 100-200% in the next 3months?
Cc;
Fxuser
BearBullmkt
All

How come livestock is not moving? I thought there impressive 1st quarter would 've lifted the share price more than it is now.

Where and where do we look to invest today.

And some one just bought 10m units of Zenith bank.

What is waking up Skye bank?

The three musketeers (Diamond, FCMB and Fidelity) have started trading side ways. Looks like the bears will have this week.

ukay2:
Transcorp about to receive their N200billion from FG.....share price may reach N3.00.....DD applied....

200b naira?? The money big o. If this is true, it could be a major cushion for the company. I think the current fx regime is also favourable given their dollar denominated liabilities.

Princkez:
i think something is fishing in transcorp..

I think it is the interest from major investors coupled with the fact that they have a lot of receivables. Tony factor could be key here.

Diamond and Transcorp on full bid. If they go above their resistance level, then the prospect for both in terms of share price appreciation will be really good.

feelaaG:
The AG president that is in Awka now?

I usually do not talk for the fun of it.
If I am sure of my source, I don't post updates.

Nigeria budget to be signed into law by 3pm today by the acting president.

For me , the following stocks should be a hold for those that already have then; Diamond, Conoil, Transcorp , Dangflour,FCMB, FO, etc. If you sell now, I can't guarantee at what rate you will get them again.


This is my personal opinion . Always do your DD