currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .

it N28 stock, if investors look at the growth rather than the current eps and pe

Q3 2021 will likely direct us more.

Fingers crossed

Cc @Mercy

_{^{for me & my household i will wait for bear to bit d stock before any buy}}

Which stock are you talking from

currentprice:


Q3 performance superb compare to what they made in the first 6 months of the year.

Eps for Half year 52k
Eps for Q3 99k

I can see now the reason for the surge in price. insider saw d result long time before now

They are also making good money from their asset backed loans and salary advance loans, total loans increased from N24 billion in 2020 to N77 billion in 2021.

I am currently enjoying an asset backed loan at 15% per annum from them

emmanuelewumi:



Which stock are you talking from

NGX group

currentprice:


NGX group
?

Was this not your commentary on Ucap last week?

currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .

it N28 stock, if investors look at the growth rather than the current eps and pe

Q3 2021 will likely direct us more.

Fingers crossed

Cc @Mercy

_{^{for me & my household i will wait for bear to bit d stock before any buy}}

What is your take on Transcorp?

currentprice:


NGX group

Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

emmanuelewumi:



Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

my calculation was based on 1.96B outstanding share. haven't factor in the plan share they wanted to allocate for the worker, such dilution will make my fp incorrect. Total liabilities as at 2020 Audit report was around 3,8b including payable and other liabilities, the earning plus dep. was around 2.4b. so liab. can be pay off with their earnings within 2 years.

currentprice:


my calculation was based on 1.96B outstanding share. haven't factor in the plan share they wanted to allocate for the worker, such dilution will make my fp incorrect. Total liabilities as at 2020 Audit report was around 3,8b including payable and other liabilities, the earning plus dep. was around 2.4b. so liab. can be pay off with their earnings within 2 years.

Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

emmanuelewumi:


Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

emmanuelewumi:


Additional shares allocations are in the pipeline

Unlike CSCS that has investments in bonds, got about 3 billion coupon from their Investments in bonds last year.

NGX was managed like civil service in the past, I hope this will end with the list of the companies. The surpluses were shared by management, council members and workers.

It was a not for profit organization in the past


NGX will get to N25 and above because of the current euphoria, after that it will crash before it will start growing.

NGX also have about 22b investment securities and other associates as at 2020 financial year

i will like to see cscs data

currentprice:


NGX also have about 22b investment securities and other associates as at 2020 financial year

i will like to see cscs data

Referring to income generating and highly liquid financial assets. They have real estates.


NGX has the potential to grow if management will not do business as usual

locodemy:


Any stock I purchased and the daily trade signals sell I will do that without looking for profit.
I made 17% in mansard, Japaul sold at Neutral....No gain no loss.For chams.....I still hold and looking for a way to average down in this Fintech company with brighter future.Bought at 21kobo.

Now I am over 10% in Royalex, I am over 30% in champions.I am 6% in Transcorp and today I joined ubn currently 3.6%

Tomorrow we move on.Any of my stocks that signals sell will automatically leave my portfolio and fund will be available for another stock whether at profit or loss .I don't keep stocks like most of you do and I don't rely on fundamentals much.Technicals/sentiments helps a trader than fundamentals.

Hmmm !! Ride on shaaa ... as far as you are making more profits than losts

emmanuelewumi:



Check the annual report and their performance in the last 5 years. It was managed like civil service. They have huge liabilities for unfunded severance package and gratuity for their workers.

Consider expected shares that is planned to be allocated to their workers which will cause shareholding dilution.

CSCS is a better managed business

I bought NGX at an average price of N17 on NASD, I will sell 90% of my holdings if it can get to N24

It appears NGX shareholders will be Investing to fund the lifestyle of NGX workers, I hope things will be better in the next 3 to 5 years

The shares they intend to allocate to their staff is currently been warehoused in their current issue.

Additional shares will not be issued for that purpose.

A clarification to this effect was made earlier this month, and also during the AGM held last month.

Certainly they wont be managed like a civil service entity anymore.

They are now profit oriented and the stakeholders who hold majority shares would want to be rewarded.

Dont forget that they have shareholdings in CSCS, NASD and FMDQ.

Standardguy:
God bless you abundantly. This statement convinced me to hold on to my UCAP and even buy more. Your comments are outstanding and can hardly be faulted. Many thanks.....

Amen!!
God bless you too dear bitL.
I checked the date of the quoted post, saw that it was posted in Feb 2021 and I'm particularly happy that you waited it out.......and most importantly, it delivered and still delivering.
Kudos bro!

Shout-out to @currentprice on this UCAP in particular and shout-out to Oga OGG as well.
God bless you Sirs.

currentprice:
forget about the PE of 20x, all i see is cash everywhere, the stock have a good growth future if they make use of all their assets and cash resources .
it N28 stock, if investors look at the growth rather than the current eps and pe
Q3 2021 will likely direct us more.

Cc @Mercy

Thanks CP.
As far as I'm concerned, NGXGROUP na N28 naira stock according to your bedsheet...... anytime e like, make e waka reach there........

emmanuelewumi:



Referring to income generating and highly liquid financial assets. They have real estates.


NGX has the potential to grow if management will not do business as usual

They probably won't have made any profit if not for income from those assets. That's just based on what I saw from there FY 2020 print. There expenses was more than their earnings for the year.

yMcy56:

Thanks CP.
As far as I'm concerned, NGXGROUP na N28 naira stock according to your bedsheet...... anytime e like, make e waka reach there........

They have the potential to go beyond N28 in the medium term when you consider the over $18 billion Dangote Refinery listing, NNPC listing as well as the intra Africa exchange which should happen next year hopefully.

debeey87:


They probably won't have made any profit if not for income from those assets. That's just based on what I saw from there FY 2020 print. There expenses was more than their earnings for the year.

That is the tradition for years.


If you are not lucky to have bought at less than N20 on NASD platform, no point buying now until after the current euphoria unless you plan to hold for a minimum of 2 years and above

Some uninitiated bought at N24 on NASD.

Should we go to CSCS then?

This morning my attention is drawn to pz.
I am seeing more than 100% value in this stock.
Just speculation but I don't know how it will happen.

Green sighted generally across board in the early hours of today's trading.......
Zenith touched 25....

NGXGROUP: Getting lots of attention....
Lots of cross deals....

GTCo on the move.......now @29.95..

Courteville renews strength

FBN guys gradually showing up......
Coming out of Lagos traffic.......

Lady yMCy56 any update on FBN today? Why the free fall?

Dollarwoman:

FBN guys gradually showing up......
Coming out of Lagos traffic.......

Lady yMCy56 any update on FBN today? Why the free fall?

Some pullback up to 10.80 witnessed earlier, now back to10.95/11.....
We hope the heavy buyer show up today again.....cos the units of shares he's planning to pick has not yet reached the target........according to news/hearsay o.

**Caveat: Not any form of advice**

locodemy:
This morning my attention is drawn to pz.
I am seeing more than 100% value in this stock.
Just speculation but I don't know how it will happen.

Loco are you already or about to?

FBNH
Mopped up to 11.60 not long ago.......

11.75 as at now..........deep pockets at work......

@11.85.........colour don turn green.......

Dollarwoman:



Loco are you already or about to?

I am ready to go but looking for a significant volume that will match me.
Keep your eyes on pz.

It will definetly go back to 12 and above.

Thanks

yMcy56:

Amen!!
God bless you too dear bitL.
I checked the date of the quoted post, saw that it was posted in Feb 2021 and I'm particularly happy that you waited it out.......and most importantly, it delivered and still delivering.
Kudos bro!

Shout-out to @currentprice on this UCAP in particular and shout-out to Oga OGG as well.
God bless you Sirs.

I also bought UCAP last year after reading the analysis on this thread. More than 50% up. I appreciate the people here and the conversation.

locodemy:


I am ready to go but looking for a significant volume that will match me.
Keep your eyes on pz.

;DWatching closely also