unite4real:
me i am sighting it @32.60
GTB smoked weed this morning

Lol. KM33 should be the next point of call.........expected back @circa 34.
With STANBIC share price up, we shouldn't expect GTB to just watch and do nothing......even if not immediately...
Zenith is still the cheapest among them........Peter will not like this.

yMcy56:

Compliment of the season Sir.

God bless you for your selfless services here

samguru:


This is my exit price for Guinness and I posted this on February 15th, 2021.

Now BUY Caverton and exit at #3

Jumping on it on your call

onegentleguy:


As @ Q1 2020, we mentioned on several occasions here that the insurance sector will be the next best place to be considering the positive impact recent policy shifts can have on it(planned recap exercise, CBNs dovish stand and other fiscal measures including the finance act of 2020)

I recall that was when I decided to gradually take position in some select names therein. A worthy move was accumulating 5M units each of AIICO, REGENCY ALLIANCE, MUTUAL BENEFITS and ROYAL EX and near 3.5M of LINKAGE for one chief I manage his portfolio seeing he was really quite liquid then. …with the middle 3 coys purchased @ a p/value of 20k, the 1st(aiico) @ a BEP of 61k and the last(linkage) @ 35k it was clear that capital yield can well come from cash flow accruals given they were broadly dividend paying assets.
With a few like REGENCY ALLIANCE having the best HPR with yield (@ circa 15% at the time) and healthy risk-reward ratio (BS position in view), there just couldn’t have been a better time!!
But more often than not, I was criticized each time I mentioned INSURANCE COYS. I remember how I had to leave a what’s-up forum following a rain of insult for daring to recommend 3 coys back then. I was called a chief MH for drawing folks attention to MUTUAL BENEFITS and LASACO after noticing that both coys had just witnessed a turning point(BS and CGP in view) and UNIONDAC for highlighting it as a possible rewarding buy-out candidate(EPA in view).
Most annoying was how the forum moderator (a member here) who was the one that 1st contacted me to join the said platform as an analyst/moderator also joined in the destructive criticism. Funny enough, none of those who criticized me could present proof to counter the analysis I had put up, so I had to leave. Time has since exonerated me!!

This is also part of the problems we face here. …it’s what some worthy members like mcy56, @rabbi, @megawealth and a few others face, and the reason I sometimes prefer to withhold certain sensitive information.
A case in point is JAPAULGOLD. After the coys much debated FP which saw a huddle with ACCESS BANK (then japauloil), I was asked for my opinion on the matter, to which I replied; No comment!!
In truth, I never covered the coy or had it on my watch list. ...but all that changed when a few lines in their report made me have a rethink and after an in-depth review, I reached out to several close pals and some members here(@bumba1234, @billtommy, @ekpotek, @charlesniper, @tradeinvestgal to mention a few) and told them to ACCUMULATE the coy after explaining the reason it was bound to appreciate in price. Most folks I know bought @ 20-23k. As I explained to them then, JAPAUL might not be healthy but 2 things stood out:

1) When u relate the coys current BS position to its SoI and benchmark it against its CF and CGPR potential, REWARD had overtaking RISK and was making a mockery of it.
2) There were some fine lines in between the then released poor financial print that highlights the need to raise funds(EFIR and CBR in view) and signals a strong possibility for a price rise to achieve that aim.

This was even before the name change was announced. I decided against putting it up here knowing what might well be the repercussion but still gave a hint back then. See one such post above with a hint(part in bold… a revert to @oracle)
Earlier today, I read from the sideline and observed some sharp criticisms targeted @mcy56, @megainvest and a few others and I just knew it could’ve been me!! …God, I would’ve been disappointed if after taking out time to put up a comprehensive analysis of JAPAUL here for gratis I got destructively criticized.
I am not highlighting these lines to prove any point or see myself as some sought of semi-god, but to underscore the fact that this forum, this platform CAN BE BETTER!!
We can all make it better and individually grow with it. Yes we can... if we can all stop it with the mockery, ridicule and toxic criticisms and start up building each other... particularly those who go out of their way to encourage, help and sometimes offer healthy and meaningful advice to others including the new ones in our midst without any form of pay/reward. Folks like @Oracle, @bigjay @mcy56, @currentprice, @Obagadafi, @rebakah, @Drawo, @fxuser and many others here deserve no less than a pat in the back and appreciated for all they do.

Understandably, a mix of emotion can take their toil on one and make them have extreme reservation towards certain select asset… perhaps because of their not-so-good experience playing such coys. But its NOT enough reason to hate it or find disgusting the mere mention of it. U can lose money in a coy today, and gain double ur invested capital in the very same coy tomorrow. Ur astuteness, doggedness and willingness to want to learn from the experience and lessons of that failed TRADE/INVESTMENT SETUP is what makes all the difference!!
We all wish to learn. It is often said that the day u stop learning, u stop living!! I personally love to learn. Engage and criticize me constructively and I will love u for it. …am sure the same can be said of many others here.

Some of us don’t like it when we see these bouts of negative comments.(even if it’s not directed at me, I hate it) Yes there might be some folks who give advice having ulterior/selfish motives, but u can tell that there are others who don’t tour that line. Some folks here mean well!!

Personally, I will NEVER put out any write-up with an intent to deceive. …it had, has and will never align with the basic principle that defines my person. For us, we respect and appreciate why the word INTEGRITY came before the duo of MONEY and SUCCESS in the dictionary. Before ever I advice or put up any post here or anywhere else, I must have put it through a thorough scrutiny drawing from several tested analytical models.
My last recommendation here (GSK) followed a proof-test of no fewer than 7 models, 4 of which I personally developed. …the highlight of the coys –EV was just one of the other known 3. As I stated here then; GSK would still be undervalued even @ N15!! (keep a close watch on that coy and do well to align if u are yet to do so)

While there is no such thing as ABSOLUTE CERTAINTY in the investment world, the INTENT 1st, and from there ur zeal/drive and investing strategy is what really matters !!

Now back to the talk on INSURANCE coys...
Let me quickly reiterate what I said here in times past; That sector is worth a % of ur investment capital. That said, a lot should depend on how well u do ur homework. It will require a case by case study of the coys in that index to ascertain the likely big winners in line with the recent recap policy by the regulatory body(Naicom)

A quick guide;
I covered about 20 quoted insurance coys on the NSE: 1- CUSTODIAN, 2- AIICO, 3- MANSURD INS 4- MUTUAL BENEFITS, 5- PRESTIGE, 6- NEM, 7- LASACO, 8- CORNERSTONE, 9- SOVEREIGN TRUST, 10- WAPIC, 11- ROYAL EXCHANGE, 12- VERITAS KAPITAL, 13- REGENCY ALLIANCE, 14- AFRICAN ALLIANCE, 15- NIGER INS, 16- SUNU INS, 17-CHI, 18- LINKAGE, 19- GUINEA INS and 20- UNIVERSAL INS to see how VALUE can be taped.

Of the 20, Nos 4, 2, 7, 9, 10 11, 12(yes I said 12) 13, 17 and 18, carries a greater weight of value drive/prospect given their MoS peg relative to CMP(risk-reward margin in view).

In view of the planned sector recapitalization exercise which will be 2-phased- 50% and 60% of the newly stipulated minimum paid-up capital for insurers and re-insurers respectively by 31st Dec 2020(expect a lot of activities from now till the release of FY2020 FPs to capture the 1st phase) and 100%/full compliance on or before 31st Sep 2021, I see 11 of them; Nos, 1,2, 3, 4, 5, 6, 7,10, 12, 17 and 18 meeting both deadlines and remaining as standalone entities with a 65% probability of acquiring the other 9. …by implication, the other 9 might pass the 1st deadline but could end up been acquired by these 11 and/or other external forces(either from within their in-house core investors or new entrants) or end up merging amongst themselves to form a bigger entity on or before the 2nd/last deadline of Sep 31st 2021.

And Yes there are a few lines to draw these inferences by relating their individual CF stand and SoI to the BS position in their financial prints and bench-marking same against the guideline of the proposed recap exercise.
However, nothing is cast in stone!! …so it’s imperative to remain vigilant and not throw caution to the gallery.

On a side note, those with holdings in No 3 should do well to thread with caution. …especially if u aligned post the bonus issuance but waiting to partake of the planned split exercise. (i.e. If u missed out on the QD of the 1st and is yet to liquidate any % holding). If u fail to extrapolate ur figures well, u might incur a loss post the split. It might be best to gradually follow through with a structured exit plan in time.
Remember that the split will likely create an exponential EM effect (4x price mark up in view)
Like I always tell folks, the increased price peg that follows a split is 88% of the time an overblown reflection of a coys valuation… so there’s often a near 1 prob. that price will fall to mirror the true value of the asset relative to earnings and the perception of market participants thereafter.
The fall though, will depend on the assets proposed factor of X. …that of MANSURED requires a careful breakdown of ur trade/investment setup to avoid a loss.
Note that this is not to say that MANSURED is an unworthy play, but to accentuate the need for carefulness.
If I can elk out the time, I will do an article drawing from an extensive analysis/review of the insurance 20 to further help us with the quest to seek REWARD.

Disclaimer: The part in italics should only be viewed subjectively. …it is NO license to any sought of recommendation. Due diligence still applies as always.
My advice? Pls follow ur instinct.

Selah

Now that dust has settled in this sector, one can easily know the value of each of the companies.

OGG is a nice fellow in deed

Kudos sir

COURT VILLE:
Full bid @0.22kobo.........
Now Una no go allow penny stock lovers to enjoy dividend of their commitments......

yMcy56:
COURT VILLE:
Full bid @0.22kobo.........
Now Una no go allow penny stock lovers to enjoy dividend of their commitments......

I bought very little when i saw the rush, ... only to quene up when I saw the news.

This mkt ehh!

Ok. Thanks..

Heishere:


No mistake.

hmm, caverton where is thy result!!

jideflash:
hmm, caverton where is thy result!!

Something is happening to caverton, looks like it's ready to move far

jideflash:
hmm, caverton where is thy result!!

The board meeting has held today and the result should be out before or on Wednesday.

Those in Access bank bus una well done oooo.

It seems our bank result will always be coming out late as Access bank now has too many regulatory hurdles in different countries to cross before releasing their group audited report.

Samguru,

Thank you for stock recommendations

I am already in Guinness and Caverton bus. Which bus are we boarding next?

Guinness is fast approaching my bus stop 35-40.

yMcy56:
COURT VILLE:
Full bid @0.22kobo.........
Now Una no go allow penny stock lovers to enjoy dividend of their commitments......

My bid didn't go through.

samguru:
Guinness is fast approaching my bus stop 35-40.

You are indeed a gurus, I made tasere cash from your call. Thanks

M&B Financial Report
http://www.nse.com.ng/Financial_NewsDocs/32732_MAY_AND_BAKER%20_AUDITED_FINANCIAL_STATEMENT_FOR_2020_FI.pdf

veecovee:

God bless you for your selfless services here

Amen!
Thanks Sir.
You were fast to pick some units in Courtville.....I saw the newsletter over the weekend but not chanced to open and read.
I'm sure someone else too must have seen it but kept mute, maybe to accumulate his fill first. Lol.
We wait to see how much dividend they're coming up with.

Financial Report
http://www.nse.com.ng/Financial_NewsDocs/32725_COURTEVILLE_BUSINESS_SOLUTIONS_PLC%20_AUDITED_FINANCIAL_.pdf

Fintech CEO: If You Think Tesla’s Acceptance of Bitcoin is the Headline, You’re Missing the Point

https://investorsking.com/2021/03/28/fintech-ceo-if-you-think-teslas-acceptance-of-bitcoin-is-the-headline-youre-missing-the-point/

Nigerian Stock Exchange Halts Bearish Trend, Gained N436 Billion Last Week

https://investorsking.com/2021/03/29/nigerian-stock-exchange-halts-bearish-trend-gained-n436-billion-last-week/

Naira Exchange Rates; Monday, March 29, 2021

https://investorsking.com/2021/03/29/naira-exchange-rates-monday-march-29-2021/

Karl Toriola, MTN Nigeria CEO, Dumps N108.224 Million on MTN Nigeria Shares

https://investorsking.com/2021/03/29/karl-toriola-mtn-nigeria-ceo-dumps-n108-224-million-on-mtn-nigerian-shares/

FCMB Group Proposes N0.15k Final Dividend for 2020 Financial Year

https://investorsking.com/2021/03/29/fcmb-group-proposes-n0-15k-final-dividend-for-2020-financial-year/

Visa Inc Joins Mastercard, Others Accepting Cryptocurrencies

https://investorsking.com/2021/03/29/visa-inc-joins-mastercard-others-accepting-cryptocurrencies/

Dividends Announced by Listed Corporations Last Week

https://investorsking.com/2021/03/29/dividends-announced-by-listed-corporations-last-week/

Suez Canal: Evergreen Blocking Main Commerce Route Was Successfully Refloated – Authority

https://investorsking.com/2021/03/29/suez-canal-evergreen-blocking-main-commerce-route-was-successfully-refloated-authority/

FCMB Records N19.610 Billion Profit After Tax in 2020

https://investorsking.com/2021/03/29/fcmb-records-n19-610-billion-profit-after-tax-in-2020/

FG Lists Two (2) FGN Savings Bonds Issued in March 2021 on NSE

https://investorsking.com/2021/03/29/fg-lists-two-2-fgn-savings-bonds-issued-in-march-2021-on-nse/

Those who had money last year and got into the stock market are the ones enjoying now. Dividends plus high stock price.

Some of these guyz are sitting on 30-40% returns in one year.
I am very happy for you.

However this should not make those outside become anxious and jumping at bad positions. You have waited this long, this is not the time to get cold feet.

It be like say they are keeping the prices high so those outside will have to enter bonds.
Make I go find that sukuk bond links shared on old post

Bond plus loan on bond loading ...

moneymanager:
Those who had money last year and got into the stock market are the ones enjoying now. Dividends plus high stock price.

Some of these guyz are sitting on 30-40% returns in one year.
I am very happy for you.

However this should not make those outside become anxious and jumping at bad positions. You have waited this long, this is not the time to get cold feet.

It be like say they are keeping the prices high so those outside will have to enter bonds.
Make I go find that sukuk bond links shared on old post

Bond plus loan on bond loading ...

I remember a post of mine referring to another ''March 2020'' and some thought I meant another crash that would lead to 2020 lows. Almost not feasible. The truth is that this market has and will always provide bargain entries.

You were the one that was consistently updating us with downward trends and we saw ZENITH slipped to below N20 this March, STANBIC at N38.70 last month, DANGCEM at N198 this March, GTBank at N28 this March, UCAP at N4.40 this March, CUSTODIAN below N6 this March, ETI at N4.50 this March etc. I can go on and on...

The morale is to gradually take positions at bargaining junctions or maybe one should kukuma wait for the 2023 election that will bring another major bear.

veecovee:


I bought very little when i saw the rush, ... only to quene up when I saw the news.

This mkt ehh!

PATIENCE is key... I got criticized here because of this coy... I am still holding it though

megawealth01:
PATIENCE is key... I got criticized here because of this coy... I am still holding it though

What about Transcop...
#IamAskingForSomebori

Mfunkynation:

What about Transcop...
#IamAskingForSomebori

When it does really good make sure you and the sombori swallow ya spit

The report was submitted on January 29th, the same time as most banks, for CBN vetting following approval by the board. Not sure the regulatory hurdles you are referring.

samguru:
Those in Access bank bus una well done oooo.

It seems our bank result will always be coming out late as Access bank now has too many regulatory hurdles in different countries to cross before releasing their group audited report.

yMcy56:
M&B Financial Report
http://www.nse.com.ng/Financial_NewsDocs/32732_MAY_AND_BAKER%20_AUDITED_FINANCIAL_STATEMENT_FOR_2020_FI.pdf

Thank you for this as always. Another fantastic year for M&B. If you are already in the bus, just hold your goods tightly . Higher dividend loading

ojeysky:


Something is happening to caverton, looks like it's ready to move far

You can buy it for LONG TERM... IT'S a game changer

nna777:


Thank you for this as always. Another fantastic year for M&B. If you are already in the bus, just hold your goods tightly . Higher dividend loading

Shebi I said people should buy this coy few/some weeks back

FFF241:
The report was submitted on January 29th, the same time as most banks, for CBN vetting following approval by the board. Not sure the regulatory hurdles you are referring.

FROM A RELIABLE SOURCE, THE DELAY IS BEING CAUSED BY CBN
THE BOARD APPROVES AUDITED REPORT AND SEND TO CBN FOR FINAL APPROVAL BEFORE SEC AND NSE APPROVE IT FOR CIRCULATION.

CBN IS THE MAIN DETERMINANT ACTOR HERE

I met more than 13million courtville buy orders immediately I logged in around 9.32am. Is it possible that they are all today's orders

veecovee:
I met more than 13million courtville buy orders immediately I logged in around 9.32am. Is it possible that they are all today's orders

That's was what happened with Transcop enroute to 5

I sold some stock to buy another one, but I am getting response of insufficient balance.
What could be the cause?

Jochez15:
I sold some stock to buy another one, but I am getting response of insufficient balance.
What could be the cause?

Check your balance first