₦airaland Forum

BullBearMkt:
Present sir!

Kindly explain what you think is the direction of the market without using the work "if".
Thank you sir. ;

Agbalowomeri:
I am not TA people o. Maybe that's why I use "if"

lol, where is BBM?

Mankindman:
In summary there would be a volatility.
However the next big news will add the most potent steroid injection 💉 to ASI.
Tinubu victory at the Tribunal, this will negate the TA and give credence to SA.
The only unchartered territory that I 'm seeing is ATH uninterrupted bullish trend of 18 months, regardless of World economy indices, provided there is no Coup de tat or sudden demise of Tinubu.

I don't think you should talk more about TA. Some things may defy FA in the stock market but I believe everything can be seen on the charts depending on the experience and knowledge of the one interpreting it.........

Agbalowomeri:
If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

Is it not possible for TA people to talk and analyze without the word "if"?

BabsO2:
I am still struggling to understand why UBA is lagging more and more behind Access. I thought fundamentally UBA is better than ACCESS when looking at 2022 data and year end market prices for investment earlier in the year. But with the closing trade of 2023 half year, ACCESS has dusted UBA further behind. It will be interesting to see mid year audited data for the banks. I wonder what exchange rate they will use for preparing their books.

Access paid better dividend last financial year.
UBA will need to do better with dividend payment if they want to catch access.

stockbull:
, i think it's relative to time, experience, and fund commitment.

A decade experience should at least shape one's investing lifestyle provided there's reasonable fund commitment.

It's easy to get overly excited about FA or TA, until experience does her thing.

It is good to see you here again.
Welcome boss.

BullBearMkt:
There is possibility! If not, I guess Sanusi Lamido should have hammered both Wema & Bank of the North

Even if unity bank is recapitalized today, existing shareholders will still loose out, though I doubt if any business man will put his money into that hole. The implication of negative shareholder value is that the share doesn't worth anything.
We are not saying people should not buy the share but people should at leat understand what they are getting into

BullBearMkt:
Just to understand the mis-understanding going on since yesterday.

Does it mean people should not post what they think is an opportunity again?

All stock posts must be fundamentally sound?

I still don't understand

Anybody can post anything as his/her opinion.
Taking criticism about what one post is another thing. You take contrary opinion well unlike some who don't want people to ask questions about what they post here.

BullBearMkt:
dividend/share price

Oga bbm, may be you used higher dividend than what was actually paid by uba.
I have no problem with the formula

BullBearMkt:
We do not have enough data from Access holdings due to change of name in 2022. That makes using price comparison for 2 year forecast a bit challenging. However, based on 52 weeks data, technically, Access (dark yellow line) looks possibly to give the best capital appreciation, followed by ETI (brown line). UBA is red line while NSE index is the blue line.

I also attempted to look at few FA parameters (Not my area; just doing "gbeborun" )
In terms of Value: UBA has the lowest P/E ratio (1.71), suggesting it might be undervalued compared to the other 2 banks. Access = 2.60/ ETI = 2.0

Growth: Access shows the highest EPS (4.83) , which may suggest higher growth potential. UBA = 4.8/ ETI = Confused showing me 0.01

Dividend Yield: UBA has the highest dividend yield of 13%, UBA may return the most income relative to the share price.
ACCESS = 10%
ETI=8.5%

I know both UBA and ACCESS pay dividend consistently but not sure of ETI.

Conclusion
-If it's capital appreciation + Dividend = Best is ACCESS. Followed by UBA
-If it's dividend focused = UBA followed by ACCESS.

Any clarifications on the TA part, kindly let know. For FA, we have great gurus in the house to ask.

How did you get 13% as dividend yield for UBA?

unite4real:
I think it's better he starts with money he can afford to loose. That way, he is able to pay school fees in the stock market. Experience is the best teacher

I don't share that sentiment that people should invest what they can afford to loose.
Many have burnt their fingers and have never returned to the market again.
My own no 1 rule is do not loose money.

bibs4all:
Thank you sir. Do you mind pointing me to the right direction to learn or maybe groups to join

You can keep your money and start learning.
There are two basic methods. Fundamental and technical analyses. .
You will be better off if you learn and can may a buy or sell decision by yourself.

Streetinvestor2:
I have been long enough in the market. And don't believe crude oil price determines price movement in nse mostly now the market is majorly played by locals.Oil price does not stop businesses making profits. Why didn't oil price affect the likes of ub capital etc

It is not the daily fluctuations of oil price that affect the NSE.
NSE, most times responds to a sustained drop in price. As foreign earnings drops, the effect will be visible on our foreign reserve.. Anything below N30 billion dollar in reserve will most probably have an effect on exchange rates and almost every other things.
Having said this, I think the dynamics of NSE have changed in recent years. We have more local players than foreign which is a major factor on how the market now responds to external shock.

EDUECO:
Access or UBA is better than FBNH with respect to dividend payment.

Is like the Nigerian breed of politicians have taken of over the management of FBNH.

I don't think is about any politician taking over. I want to believe it is all about sustainability. FBN needs to retain more money to shore up their capital base for improvement in CAR. the last time I checked they have the lowest CAR among the first tier banks.
If what one is looking for is a good dividend yield it is my opinion that FBN is not where one can get it for now..

beejay1:
Pls I need help with sterling bank's corporate action notification....i cant find it on NGX. What I can find at the moment is their 2022 Audited Financial result.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://africanfinancials.com/sterling-bank-plc-nigeria-declares-a-final-dividend-of-0-15-ngn-per-share/&ved=2ahUKEwj3pdKmwIn_AhWJiFwKHXCaD7YQFnoECAgQAQ&usg=AOvVaw2WH_k-SSZbRl9J-PX-aqCI

AfricanFinancials
https://africanfinancials.com › sterli...
Sterling Bank Plc (Nigeria) declares a final dividend of 0.15 NGN per share

Ginalex:
My broker engaged them last week. They promised I'd get my DangSugar dividend. Same Veritas people..

Veritas people are very problematic.
Yet to receive my dangote sugar dividend too.
They are asking me to send them a copy of the e-dividend form again.
I can't even remember the year I processed the mandate form.

emmanuelewumi:
I know people doing business with them.

OK, thanks.

emmanuelewumi:
Yes, they used to be at old Skye bank building at Marina beside UAC head quarters.


You can also buy shares on Nairobi, Johannesburg, Cairo etc Stock Exchanges through them

Oga Ema are you doing business with them?

currentprice:
Nahco reach the stop we see today.

welldone for those who join to make d money

....and again there is this one small ogboge company that begin showing a light green flag on my bedsheet.. can this turn to full green flag? analysis continue. still searching for this year stock that will surprise the market.

fingers crossed

Well done CP. Good job you are doing.
The search for the year has started, let us know those stocks you are looking at.
I have taken a look at some of the ones you've mentioned but after q1 results I have my reservation with some of them.

Agbalowomeri:
Lol Wetin Otedola dey show Elumelu na UBA shareholders go suffer am. Make Una prepare for exceptional items

I want to believe the time of exceptional items is gone for good in uba.
Tony just needs to increase the dividend payout for a major breakout in price.

onegentleguy:
True.

But ask yourself; what has the company done to help cushion the impact of input cost (imported raw material cost inclusive) btw then and now?

Key observation;

• Improved raw material inventory management...
There has been a deliberate attempt to reduce that line of cost though stocking. The coys over reliance on imported sugar (ref: 80% as at Q1, 2021) necessitated a rejig in their raw material collection strategy to create a balance in the various forms of inventory.
Observe the ∆ inventory position in that time.

• Mapped out strategic plan to beef up backward integration...
This of course will support the highlight above and ensure less reliance/passthrough impact from input cost.

• FX Management...
The coys cash position has enabled it achieve a better gearing btw then and now... hence healthy cash position and less EFP.
The implication is the gradual but steady drop in finance cost relative to debt... hence better earnings delivery.

I also highlighted a few other things in that article.
Truth is; DS is in a much better position now compared to then.

It is well

I share the same sentiment with you on some of your observations. Good points.
Some years back we had a discussion on this forum about DS. One of the major highlights that stuck with me was the inverse correlation between the price of raw sugar in the international market and DS share price on the NSE.
Looking at the charts now with my amateurish eyes, I can tell winch direction we are heading, will the price continue to surge forward or is reversal imminent??

onegentleguy:
So your still waiting for endorsement till now... it's alright.
Go and accumulate DS like never before!
BUY... ACCUMULATE... HOLD!

I can not come and go kill myself for nothing!

It is well

I have been buying DS since last year after they published their q2 result though I was disappointment with q3 so I am not looking for endorsement. One of the attractions then was the low price of raw sugar.
I looked at price of sugar in the international market yesterday and I was not too comfortable with what I saw hence my calling on oracle to say something about the chart on sugar . Between the time I checked last year and yesterday, price of raw sugar has gone up by about 50%.
Going by my experience over the years with DS, an increase in the international price of sugar always affect the company performance as there will be a time lag for them to pass the increments to the consumers.
When one decides to have a substantial part of his portfolio in a particular company, I believe one should be well informed about the company and everything that can affect its performance going forward.

@ oracle, what is happening to sugar price in the international market.
I need your inputs here please.
Dangote sugar on my mind.

beejay1:
I agree with you, they have had poor service in the last couple of months. They keep running into issues, each time they try to work on the platform. Also like they don't have the necessary tech Expert to manage their site.
You can send them a mail to execute your trade on your behalf. Response is almost instant.

Na short time trading I wan do.
I no dey do that kind thing by sending mail.

Capitas7:
Seconded. My experience with Meritrade has been poor for over a week now.
Meritrade is not accessible - both the app and the website. "Trade now" was not accessible this morning while the site was up. The "Market overview" page is also faulty - lists only about 16 securities and does not show bid and offer information, neither is the limited information anything close to real-time.
I have been trying to place orders but none is working. Meristem could have at least notified its clients/customers that they will be experiencing some technical glitch in a stated reasonable time frame.

Meristem has been disappointing lately.
They need to up their game.
I planned to enter market today but they have frustrated my effort.

Cation:
Good evening, what could be the effect of subsidy removal on oil and gas stocks like Total
and Seplat?

Removing subsidy is easier said than done.
The effect on the economy will be huge.
Imaging buying petrol at N750.
The incoming president has a daunting task on the subsidy issue and with ajaero as NLC president, it will be a long drawn battle.

yMcy56:
Oga leave story make people enjoy their hard earned dividend first........
Na practical dey reign now, theory fit follow or unfollow after.....

Na so you carry theory missed the bus @1.50k.

Lol

yMcy56:
Here:
https://doclib.ngxgroup.com/Financial_NewsDocs/38076_AXA_MANSARD_INSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2022_FINANCIAL_STATEMENTS_MARCH_2023.pdf

EPS of 29k and they are paying dividend of 36k.
The result not too good, drop in profit which actually justifies my fear..
Anyway, those already in the bus should enjoy the ride

yMcy56:
MANSARD don land......
Final Dividend: 0.36k
Qualification Date: June 21, 2023
Payment Date: July 4, 2023
Registrar: Datamax
https://doclib.ngxgroup.com/Financial_NewsDocs/38074_AXA_MANSARD_INSURANCE_PLC-AXA_MANSARD_-_CORPORATE_ACTION__CORPORATE_ACTIONS_APRIL_2023.pdf

A good one from Mansard
.. 0.25k was paid in 2021 fye.
Cc: Oga Pluto09

UACN: Surprise surprise.......0.22k .......not expecting any Dividend here before....

NEM: 0.30k Final Dividend
JULIUS BERGER: N2.50k Final Dividend

A very good one from mansard. That is a big statement from them for those of us who doubted their ability to maintain a positive trajectory in improving their dividend payment.
By the way, where is the result?

debeey87:
I got this email from broker regarding chapel hill denham REIT bond issue.

CLOSING SOON: CHAPEL HILL DENHAM NIGERIA REAL ESTATE INVESTMENT TRUST (NREIT) SERIES 2 ISSUANCE OF UP TO N44.6 BILLION


BROKERAGETEAM
To
forthrightresearch@forthrightsec.com
Mar 14 at 9:48 AM
6 attachments
Dear Forthtrader,

Forthright Securities & Investments Limited is pleased to inform you that the The Chapel Hill Denham Nigeria Real Estate Investment Trust (“NREIT” or the “Fund”) Series 2 Offer of up to N44.6 billion is closing this week. The Fund raise is to acquire a high-quality corporate residential portfolio in Maitama Abuja (‘’the Abuja Portfolio”) that generates US dollar cash flows. Post-acquisition, investors in the Offer will receive quarterly dividends in the currency in which rentals are paid by tenants.



Below are key highlights of the Offer



- NREIT is a SEC registered Shariah compliant real estate fund.

- The Fund is raising N44.6 billion to acquire a high quality corporate residential portfolio in Maitama Abuja.

- The tenants are OECD country embassies and they pay their rents in US Dollars.

- Essentially, investors will invest in Naira and will receive quarterly dividends in the currency in which the rentals are paid by the tenants.

- You will receive US$ cash flows

- The targeted return of the Fund is 20%+ in Naira (at the official FX rate) and around low double digits in US Dollars.

- NREIT will be listed on the NGX (REITs must be listed)

- Minimum subscription is N1,025,000 (10,000 units).

- The Offer is scheduled to close on Friday, March 17, 2023.

Has anyone subscribed to the series 1 or have they paid any quarterly dividend as stated here. Thanks

Are you sure this is from chapel hill??

currentprice:
https://doclib.ngxgroup.com/Financial_NewsDocs/Dangote_Sugar_Refinery_Plc_-_2022_AFS.pdf

EPS N4.51 vs 1.82 last year

Hmmmm bedsheet flag this stock shouting about it here few weeks ago.

@ Pa Emma see DS results o

_{^{follow oxygen wey no road}}

Super correct.
I salute you sir.

What is the issue with these obidients.
If you are aggrieved because your candidate lost an election just stay away or take your frustration to the right section (politics)
Nigeria should not stop working became your perceived Messiah did not win.

Don't destroy this place please.