₦airaland Forum

rebekah2011:
How many shares will the company issue to raise the billions needed to repay existing loans. The positive will be for UACN. I think it is time to buy UACN

Is UPDC the same as UAC--PROP

Chibuking81:
What happened, it didn't take minimum of 3 weeks again?, no man/woman knows it all. What someone don't know is bigger than him/her.
http://www.nse.com.ng/Financial_NewsDocs/27462_U_B_A_PLC_FINANCIAL_STATEMENTS_AUGUST_2019.pdf

They might have submitted the result to CBN before that meeting.

rebekah2011:
I hope CBN will not scatter things sha. The LDR of Tier 1 banks are too low but CBN has to find another way of assisting them to meet the 60% threshold. That of Fidelity is a sequel to none.

That is my major concern.
UBA has a good result but how will the CBN policy on LDR affect them going forward as they seem to have one of the lowest LDR in the industry.

mendes911:
Pluto oooo, abeg I get one kain qestion...

At a point today, FO had about 700k units as total offer quantity and average price for all these units couldn't be more than N18.05. What stops Ignite from coming for these units rather than paying N66 for 500k units.

I hope say na confirmation biase or Sir Jack Daniels dey disturb me shaaa.

I don't disturb myself with all those little little things.
I have my reasons for taking position.
If it goes positive, all well and good and if it turns out the other way I know what to do......

2zona:
The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters
Act, 1990 (CAMA) of Nigeria, declared a dividend of N0.20k per share from the retained earnings account as at June 30, 2019.
This will be presented to shareholders for approval at the next Annual General Meeting. Payment of Dividend is subject to
applicable witholding tax

How much did they pay last year?

Mcy56:
Well, it's possible but I believed they'll have their criteria for selection but they just published this week, it may just be for only those willing to sell till a certain date irrespective of when you purchase ...we'll get clearer picture later.

Don't get emotional about this FO issue.
For now, they are only buying 500,000 units which is very small.

No doubt about it ,FO is undervalued at current price but you can't predict those people.


NOTE: I am also in the bus with my tashere units as a gamble

currentprice:
EKUU MKT O

ekuu FO slow and steady move

Mcy56:
Oga Pluto you wan buy?
Have you considered and compared the ROI on this stock with that of Zenith or GT?

I no fit drag things with agba, I don remove my eyes

Agbalowomeri:
The ikebe is mine

Oh I see
I thought there is a stock called Mcy ikebe

owoblow77:
@meshpips: Please no let your updates take too much space ooo. some of us are using #2,000 phones o, and 100mb data. You don't need to seek validation from us na . You're the best at what you do, gbefun!!!
Me mumbling to myself,''How do I raise money for FO before 9a.m.? '' A lot of good depressed stocks to cherry pick, good dividend payouts zenith, OGG's caverton, Agba's ETI, Prof's UACN,Mcy56 Ikebe ,etc

I beg, which one be Mcy ikebe o

currentprice:
1.25 standard lots with buy/sell pending order on account of $2700 is huge risk o

this is get rich quick thingz

I tell you, risk management is very poor, may be it is not his money.......blowing people money away on forex ....

Mcy56:
Agba, I think this new acquisition makes it 74.4% stake and not just 500k.
If they can buy at 66.25/share and own such high stake, with time FO price might be more than double of the currentprice cos they're out to make profit as well.
Just trying to get a picture of the whole thing.

They are acquiring 500k now which is very insignificant considering the total OS.
If you have taken position just keep your ears to the ground.
If you are lucky it can turn out to be a very good one. On the other hand it might mean nothing in the scheme of things. FO .......confusing investors from time immemorial...

currentprice:
it simple now, he will claim withdrawal

My thought exactly

currentprice:
i believe so

i think i posted weeks ago on this FO when d result released

I also think it is undervalued at current price.
However, FO is a juju stock, the more you look the less you see

currentprice:
Abeg what is the BV of MTN.... look like weekend 33 still day eyes dont know if calculator is working well

http://www.nse.com.ng/Financial_NewsDocs/26849_MTN_NIGERIA_COMMUNICATIONS_PLC_CORPORATE_ACTIONS_JULY_2019.pdf

cc pluto
cc coolcash
cc others

The company no get bv o

Chibuking81:
Hope Access result will come with interim dividend? If their result is good their price will fly, but if its bad the reverse will be the case.

That is the real determinant, not some imaginary graphs

In all those years that they declared the interim dividend in August, boarding meetings were held in July. I wouldn't know what happened this year that the board meeting came so late.

Chibuking81:
Access bank result came out on Wednesday 29th, August 2018,
While
UBA bank result came out on Thursday 30th, August 2018.

Between today Tuesday 27th, and Friday 30th August, both Access and UBA result will come out.

Their result may bring mini bull.

I don't think uba result will be ready until late September.
The board meeting to approve the result came up in August which is very unusual for them

Agbalowomeri:
Of course, it would always fail; na only coincidence go make am work
I still don't understand why anyone would base stock trading on modelling
In my field I do modelling and I know you can get 10 different models (for the same question) depending on assumptions
Na that uncertainty I go come carry dey play with my money?

The guy simply doesn't understand stock market and is not ready to learn.
I can list many stocks that will fall into the categories of stocks he will recommend as a buy based on his "model".
Any company selling at its historical low will give him a buy signal even if the company is about to die

Qokie:
Dey use to have cane in those days. Hence the adage that the cane used for the older wife is waiting for the new one.

Lol

I keep on wondering, those our grandparents that were having four, five wives under the same roof, how did they survive

Wooooomen and their wahala eh.....

Agbalowomeri:
Barring another round of rights issue, I think I agree that Wapco appears now bullish
The daily candles already crossed above the cloud (must be one of the few among the popular stocks)
The weekly candles is presently at the cloud resistance, I believe it would break into and above the cloud and could/would be followed by the monthly
Good recent volumes too!
Before this reflects in the financial report, the TA people would have made their kill and dump Lol
However, to get to 54, I think it needs to return to good profitability
It's a long-termers play
Not a buy for me though

I don't think they will do another rights in the near time.
Most of their debts have now been paid down.
That SA operation that was sucking them up has been exorcised and the dollar debts paid....

meshpips:
WAPCO

volume done so far this year is the highest seen since year 2008

We have so far seen two months close bullish (June and July)

meaning price closed HIGHER than it opened for these months

The HIGH for year 2019 has been breached to the UPSIDE

This therefore is positive proof that we are about starting a new impulsive wave (movement) to the upside

Last two weeks closed with a bearish body, somewhat marking the end of this prime bullish segment

Outlook:

I expect a retrace to at least 12.30 or slightly lower
current price is 14.00
[b]
Recommendation: [/b]BUY between 12.30 -10.70 region and hold until 54.95

This is a better one from you.
However, you still think a company fundamental is not necessary, that is why you are only looking at past performance of price and volume.
A lot of things have changed in wapco, from operations, to outstanding shares, to ownership structure as well as performance.

WAPCO Os is about 16 billions now compared to some years ago when it was less than 5 billions.
At N54, that will give a capitalisation of about 900b...........

As I have mentioned here, WAPCO is one of my stock picks but I will not advise anyone to buy now and wait for it to get to N54 before selling except they bringout a superlative result in the next two quarters..

RabbiDoracle:
Thanks a lot bro.

The question was to Oga Northeastern and any other person. If others don get experiences, they can say.

People will not trade for me. I will do it myself.

I started with them about 3 months a go.
So far so good , I have had no issue with them.
Deposit and withdrawal were seamless.
From my naira account to their designated account which is converted to dollars and vice vasa for withdrawal.

meshpips:
The demo trading pearl head with super quickened mental faculty is back to let OGG know that he has successfully grown the $25,000 demo contest account to over $1 million .

If you think it is easy to do on demo, abeg start your own and show us the result soon.

I calibrate myself against my past. I am in no competition with anybody.

I belong in a special class of my own.

I sabi who I be!

All these untop demo performance? Yeah, right!

The knowledge of the Lion and the Bear was extremely helpful for David when he faced Goliath. Someday, sometime soon, I will get be trading a huge amount and the knowledge with which I built this demo account will certainly be helpful.

Why are you so eager to bring your forex story here...go to the forex section now.
The people there will be chasing you up and down to trade for them. . Or na NSEMPA money you want

valentinenwoko:
I was at Deap Capital AGM today.not impressed with the AGM. Company wants to diverse into real estate, downstream petroleum, private equity etc.the new management team want to take 40 percent PBT per annum as incentives for 5 years. Gave bogus projections from 2020- 2024. i am sceptical.

What are you still doing with Deal capital??

valentinenwoko:
Please why is dividend payout of Carveton very low EPS of 127k dividend of 25k. That is why I don't want to buy the shares

A company that needs capital for expansion will pay small or no dividend, that how it should be.....

Considering caverton level of debts and capital needs ,paying dividend at this point in time is a luxury...

Valueinvestor:
Thanks for the good work sir

Unilever and upl added to watchlist

What do you think is wrong with upl?
Not only the profit that went down,there was a significant reduction in turn over. Someone said may be they lost some big contracts
Could this be the beginning of the end for this company

BullBearMkt:
When the "Movers" & "Shakers" of NSE says we are Ready...
Past 4 trading days of the Nigerian Stock Exchange have been visited with ferocious bulls also with decent volume. Looking at the chart of the top 30 companies of the exchange, one cannot but think the bottom is likely around the corner. What I intend to see to call a "bottom" for the market is for price to re-test the low and possibly to be rejected before making another rally to create a higher-high.

Alternatively, if the low of the market is violated (lower-low) and if this is accompanied with a low volume, then a turtle soup is being created to cause panic for traders/investor. What we will then see is a rally to the upside.

Want bigger chart: https://uk.tradingview.com/chart/NSE30/UPipE1bI-When-the-Movers-Shakers-of-NSE-says-we-are-Ready/

PLAN YOUR TRADES AND TRADE YOUR PLANS

We are watching, thanks for the update

rebekah2011:
Slow and steady is the journey to paradise.

The journey might be very rough.