₦airaland Forum

wanaj0:
What have you learnt about PRESCO?

You know that PRESCO borrowed money and spent N25bn to acquire a non profitable farm owned by their majority shareholder?

Are you aware that after pocketing N25bn same SIAT is now trying to divest from PRESCO?

There are FACTS behind the figures so don't get carried away with figures without understanding the facts behind it.

Not a BUY or SELL recomemndation please.

This is one one the reasons why we want you to be more regular here sir.
Your inputs are invaluable.

Neverlosemoney:
The more the dollar appreciate massively the more the need for Recapitalization in the Banking sector, as at this phase this can no longer be avoided. This means there will be more merging and folding up taking place soon.

On the other hand, some banks are set to enjoy some massive profits from this recent dollar rise. Though, this depends on the action of the federal government.

The banks don't use black market rate to report their earning. If there will be any appreciation, that might likely have much effect on the black market than the official rate so I don't think banks will be affected that much.

crownprince2017:
Guys meritrade are trying to scam me, I opened an account with them on Sunday then on monday I wanted to trade but I couldn't fund the account via my account through my dashboard, so I chatted them up and the agent sent me their company accounts to send money, after that she told me that I will see the money soon, after few hours I didn't see the money, I chatted them up again and the other agent said the money I paid is part of the requirements to get my account running then I asked again what is the time frame to get my account running she said 24 to 48hrs the time frame has elapsed no account. so I told them to refund my money to my which I Mailed them regarding that uptil now nothing. I chatted them not quite long the lady first deny the date I sent the money but I forwarded the receipt she now said she wanted to do follow up on my email regarding a refund, after wasting alot of time she said thanks for holding and nothing, after a while she said they are close for the day that till tomorrow again. My 100k is with them, they are not willing to refund the money, I already told them that am not more interested in their services again. Pls advice me.

You need to calm down. Meristem will not scam you.
I have been using them for more than 8 years and I don't even know where their office is as everything I have been doing with them is online.

currentprice:
if not because of Red mkt on ground,,,, it could have cross 20 this week.

I have never doubt this stock sha

The result is too good just that uba can be unpredictable with dividend payout.

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/39407_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

This is huge!

BullBearMkt:
A brief Technical Analysis on DangSugar
-Buyers located in "Levels 1 & 2"
-Current Price hovering at Level 1
-Failure for level 1 to hold stock price will cause price to dip further
-Some minor buyers located btw 44 - 48
-In case price dip further down, next focus is: 32 - 38 (Not sure price will get here with the stock bullish sentiment)

Summary: DangSugar support level is below 32.20! However, before this level Chart indicate levels where big institutions previously keyed into the stock.

Thanks for the update.
Please don't stop doing this .

BullBearMkt:
...not sure some people understand simple technical terms! Unnecessary

Some don't want to hear that there is a possibility of the market going south.

Zagee:
With the new CBN directive, will banks adjust the interim dividend or what? People already booked major profits on them. I perceive more turbulence for that sector.

Zenith bank already on first level support zone @34 , will it hold or kiss 29 before stability?

When the banking sector sneezes, NSE catches a cold.

The CBN must have approved the interim dividend.

vacanci:
This Zenith is what i do not understand. profit doubled and dumping increased.
This defies both fundamental and technical.
Is this the example of Nigeria stock exchange has a mind of its own?

I think some TA guys have already told us to be cautious with the banks looking at the banking index .

BullBearMkt:
Oga pluto09, this is still hold o. Lower timeframe charts are still good too. And of course, we should avoid buying at resistance; highly risky!

BullBearMkt:
MARKET BREAKOUT FROM NSE ASI HIGH
NSE All Share Index breakout from its all time high at 66357.23 in August and have already started September in impressive bullish momentum. To sustain this four-month rally, the index will require additional bullish "power"; otherwise, we may be witnessing a false breakout.

Oga mi sir, so technically what should we do, hold, sell, buy or wait

customstreet:
I learnt that It would be concluded before the end of third quarter.

But I will advise you set December as your holding period

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

A big shout out to you @customstreet.
You are doing good.

emmanuelewumi:
Can you show your workings on how you arrived at Dangote Rice is valued at 10 times of Dangote Sugar.

Didn't mention anything like value I just said something about the OS.
Valuing a company that one has not seen its by balance sheets will almost be impossible.

emmanuelewumi:
You need to consider the outstanding shares of Dangote Rice

DRL OS fit reach like times ten of DSR.
This in my thinking is alhaji way of getting more ownership or control of his company. A real capitalist!

emmanuelewumi:
This is it

14 Ordinary shares of dangote sugar for 1 ordi ordinary share of Dangote rice??

unite4real:
When military take over, there won't be sugar, salt or rice again in the market. You cannot use you Airtel or MTN line to make calls. People will not build houses again using cement. There will not be fuel to purchase in our vehicles. Planes will not fly from our airport runways anymore. All banks will shutdown and your monies wiped out .
Within one year, life will seize to exist.

Shey that's what u want to hear

What some of them want to hear about Nigeria is bad news. Any positive thing no dey give them joy since their candidate lost an election. I guess he was surprised NSE is still going up.
The way those people celebrate coup in Africa and wish same happens in our country is really troubling.

Streetinvestor2:
What is your opinion on the rights. Do we leave the rights for the chairman. Do fbn really need to raise more cash with the way they have managed the bank in the past.what happened to all the bad loan.Are we sure the new cash will not end up in another round of bad loans

FBN needs that capital.
Check out their CAR, it is on the edge and the lowest among tier 1 banks.

OBAGADAFFI:
Flourmills 0.35k is the most shocking.

Have you seen Nestlé result?
I need someone to help me interpret it.
Don't know what they swallowed! Chocking!
Where is cp please?

Agbalowomeri:
Veritas is like United capital
Unless if weekend things don dey do me again

Is it really weekend thing or old age done dey worry you
Sey u no know say there is one insurance company on NSE called veritas kapital ni

The good, the bad and the ugly

Agbalowomeri:
Ahh so the hangover is on me
Make I look for a shot to clear eyes

Make you go and clear your eyes o.

Agbalowomeri:
@BBM
I think Pa Emma asserts that people pay "less attention to value" and more to price, just hinting that the irrationality seen by @mashai is expected to continue. More like a general comment not specifically insinuating that @mashai is focusing on price.

Abeg early morning grammar go woundjure manpikin

You might actually be the one that is misinterpreting Emma who I think is of the opinion that the prices we see are still justified by economy and company fundamental.

thebargainhunte:
Brent @ $83.166

Another increment in pump price of petrol loading

aj8:
1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

Nice one.
Thanks for the info.

BabsO2:
Some banks will benefit more than others.

Note this: The top 5 benefactors will be FBNH, FCMB, GTCO, Zenith and UBA according to a Chapel Hill report.

Please this is not a buy or sell recommendation

Can you please post a link to the chapel hill report.

Frangel:
Fantastic result, on the surface.
A closer look, however, shows bulk of the profit was from 'Fair Value' of financial assets; huge in Q2 (N236b) but marginally negative in Q1. They bought heavily into derivative assets in Q2. Notes 9 and 18 and the Statement of Cash Flows revealed.

What would be the fair value of those assets by YE? Up or down? The Audited accounts would reveal. So caution be applied.

Market might not send sha, so price could skyrocket from tomorrow. EPS of N5+ is no joke. We know price movement is not very dependent on the fine prints.

I was thinking the extraordinary profits would have come from foreign exchange gain. That particular segment actually recorded losses.
I am still trying to understand how they arrive at this Net gains/(losses) from financial instruments at fair value through profit or loss, huge I must say.
Could this be a prelude to what we should expect from other banks?
This is when you need oga Wanaj0 for better understanding!

debeey87:
You remove subsidy and free up more cash. Instead of investing them in critical infrastructure to better the lives of the citizenry, you decide to share the largesse among the tiers of govt where a lot of it will get looted and in turn put more pressure on your FX. It can only get interesting

We have taking the first step to stir the country from a self destructive path which is to generate more revenue.
The government at the center has practically been running her affair on borrowed funds. We barely generate enough to service our debt. We definitely can't continue like that. With more money accruing to the FG, my expectations is that we will reduced the rate at which we borrow money to run our budget. If we can generate enough to cover our recurrent expenditure, then we will be on the right path.
We can then begin to look for creative and sustainable means to fund our infrastructure.

BullBearMkt:
lol!
all na still conditional statement

"Might " too.........
Those ere the words that distinguish someone who understands TA from all those wannabe

BullBearMkt:
...almost triple top with Nov 2020 top. GTB likely to struggle to rally above 38 except it dip a bit first

U na done change the if to "but", "except", "however".

Agbalowomeri:
The TA has spoken

Over to FA

Oga Pluto come out o

Emma is 50+/- 3

BullBearMkt:
...yeah! I'm writing the weekly report if, I mean, hopefully, it should be ready before market opens tomorrow.

Well done Boss.

BullBearMkt:
lol!
TA is trying to anticipate future human behavioural patterns, which is very complex. The inclusion of 'if' statements allows us to consider various scenarios and outcomes, ensuring a comprehensive analysis of market trends and potential movements

My TA is still elementary after how many years of learning.
I still get confused here and there.