sonofElElyon:
Sister mercy what are the prospects of chams? Are they also delisting? Or results will be impressive?

DrAwo:
All these are unaudited results...
UCAP will be releasing audited results so they have a different timescale... Besides, their board meeting is on February 17th so there's still quite a wait ahead....

Princkez:
pls what happens if one doesn't fill the form or if one doesn't want to sell

yMcy56:

Just glanced thru their Q3 result and saw that the company returned to profitability.......
Tried doing my small crude research on it and saw some positive lines.......
Besides, I don't just know why my mind just dey flash am......... .....reason I went to read small about them.......Pls note, na my mind oo, no be sure bedsheet of CP, e fit no correct.

Chams is a Tech & Fintech company and may be a candidate for good things in future........

Let me also acknowledge that I didn't recommend it o, Oga OGG happened to flash it sometimes ago........hope they release improved Q4.........

onegentleguy:


So by implication, yields in the fixed income space will continue to print a deficit to surrounding risk. (real return margin in view)
...and in some cases (depending on the tenure) might even be in the double digit figure.

Contrarily, certain select fundamentally healthy asset in the equity mkt prints positive RR (real return) and for the many with negative RR, they are still better than the yield in the fixed income mkt.
Again, when you add the possibility of increasing your CGY via cap appreciation and consider a few other top-down factors, you'll begin to understand why the NSE is currently not a seller's mkt.

Now let me let you in on another pivotal perspective...

Look at the anatomy and dynamic of mkt participants in recent times (last 18 months in view) and you'll notice that the mkt has been dominated by local players.
From the foreign end, they have been strategically exiting, yet the equity mkt has been sustained by the local players. ...though more from KEY players (DPIs, PFAs, and HNIs) than retail investors.
Look at the NET INFLOW MARGIN (inflow- outflow/inflow) and compare it to the rate of flow and weight of TOTAL INFLOW for both the domestic and foreign players.
Ever wonder why?
I have analyzed and highlighted why this is happening in times past.
The scene of the mkt is changing.

Again, have you studied the recent finance bill? Hope you know that certain lines therein is structured to discourage capital flight and improve on the long-term sustainability of the mkt. Some persons don't understand how and are perhaps assuming it's the opposite.

We will sell to them when they (FPIs) decide to come back in their droves... at which point the mkt might push up even better.
and yes, it's very possible they'll come back in no time. For some logical reason, most EMs are well positioned to tap from the dislocation in the global financial mkt.

Bottom line:
You need to narrow down on your expectations.
Yes, the mkt can time and again pull back but don't expect a major downturn/bear. ...not even because of the proposed rate increment in the US.
There are good reasons why the NSE has remained relatively stable against all odds.
Technically, it has just broken it's strong 2018 resistance high a few days ago.

A smart investor will look out for sectors and by extension, assets that are well positioned to benefit from the continuous changes in the economy.
...else you might miss out on some select opportunities.

There's always a need to strike a proper balance btw been unduly pessimistic and been overly optimistic.

Selah

edwardaigb:
Thanks and God Bless you.

onegentleguy:
Untill folks learn the ropes on how to see, extrapolate and interpret the good in a bad or poor result and the bad in a good one, they may continue to give in to their emotions and oftentimes overreact when a coy releases its financial print.(fear-greed factor in view)
Spotting the good in a poor or bad financial report can help one to efficiently and effectively manage FEAR, while seeing the bad in a good report can be a handy tool towards managing GREED. This way, a trader/investor can better utilize their trade/investing set-up peculiar to their personality to ensure more WINS and fewer loses(entry/exit strategy in view)

Admitted, ETI under-performed in the period under review, but could there have been any good reason behind it? …could there have been some good in the poor result?
This is how to benchmark inherent risk against feasible reward and from there, sick to tap some gains over VALUE.
1st off is to ask why the report was audited?(Q3 in view) …and why was there a grossly poor NPM despite just a slight drop(circa 14%) in NIR and growth in NIM(NII in view). …in fact, NIR witnessed only a 1% drop in Q3 when compared to the preceeding yr.

It should help to note how the drop in EBIT margin was majorly driven by an over 6,300bps(approx 63.7%) booking on impairment from the groups Goodwill. Apparently the bank decided to book an impairment expense in its Goodwill. This often happens when a coy thinks its goodwill line is a bit too much and requires pruning down, and would usually affect(negatively) a coys NET INCOME.
For emphasis, ETI reported 37% of what would have been its NPM(should’ve been 63% more) …the interpretation of this is that for every N10 of net income in its book, over N6.3 was taken down as goodwill expense. But for that line, NPM would’ve been much higher.
Again ask urself; How did the group grow its AER(NA in view) and deposit pool despite the impaired Goodwill line? …this clearly tells u that the brand is still healthy !!
Elsewhere, why is the groups CGPR still very healthy !!

As I’ve always stated here in times past; financial indices like EPS, ROE, PE/PEG oftentimes does not tell the whole story. …broad financial analysis has gone past that stage. A right but thorough blend/combination of several key indicators/determinants is needed to see through the value accretive stand in a company’ financial print.
While ETI’ Q3 report card is poor, inherent risk is still well below its feasible reward given the coys current mkt price.
That part in bold is all that matters, as it is where an investors quest for VALUE/RETURN revolves around. …it is everything !! Every other thing comes after it.
Using a blend of financial model which looks at the worst case scenario given the No prints in its report and also attaches an appreciable risk premium to its value potential, ETI is fairly priced @ N10.30.
So if u had bought at btw N3.90 to N4.1 when we 1st mentioned it here… HOLD !!
Even if u bought @ N5 to near the present mkt price, it’d be best to stay put and not panic.(the coys technical stance largely supports this)

Disclaimer: NOT to be inferred to as any kind of recommendation.

The most important thing is to Know WHAT u want out of every investment move and WHY u want it !! …and from there, ur investment personality and goal(what sought of investor ought u to be) and ur investing horizon should be the necessary seasoning that drives ur decision-making.
To illustrate; common sense should infer that a dividend growth investor could be better off without ETI, while a value chaser could be better off embracing it given the current mkt price.
Define ur terms and do well to stick to it !!

Selah

yMcy56:
ETI
Na so ETI overtake ACCESS and UBA again oooo.
Sighted @10.90...
This year will be interesting......
Say make I come talk Wetin my eyes see....

locodemy:
First tranche of 100℅ almost @ Academy press.They never grind beans self.

yMcy56:

Amen......and you too.
@0.60k today....

onegentleguy:
ETI was always a hold @ that N4+ price range naw.
...It's already delivered near 150% ROI.
Might still push up a bit more, but I won't advise anyone to key in now though.
It is well.

yMcy56:
[b]DANGCEM
Closed @284.90.........Up with +14.90
Around 103M units purchased in share buyback.........making 103+24= 127million units so far.........
The remaining may be picked tomorrow 21/01/22 or from Treasury shares as indicated in their doc. *Updated*
We see how they go about it....

For that Oga asking different questions, you better sit back and enjoy the ride with the cement big boys....

onegentleguy:


In the same vein, using a few of these models and I can see that coys like...
IB, COURTVILLE, CHAMS, PZ, NGXG, WAPCO are really underpriced.
smart investor will look out for sectors and by extension, assets that are well positioned to benefit from the continuous changes in the economy.
...else you might miss out on some select opportunities.

There's always a need to strike a proper balance btw been unduly pessimistic and been overly optimistic.

But only time can help set matters straight.

It is well.

Princkez:
I'm tired of JAPAULGOLD ooo....

egwue:
Good afternoon Good people:

I have some fund to invest for short to medium term period.
I would greatly appreciate suggestions on the stocks to invest the fund with good prospect in terms of capital appreciation and dividend.
Are GTCO, Stanbic, FCMB, NB, ZENITH good buy at their current prices?

Your advice and comments will be very helpful.

onegentleguy:


Congratulations to those who bought @ 20k.

Perhaps Magt "is preparing something nice for investors to eat".

Regards

Mpeace:
Oil prices got to $90 today. Highest since 2014. Hmmmm

BabsO2:


Coupled with the CBN monetary policy of not increasing interest rates there is hope NSE will not pull back this year.

emmanuelewumi:



We still have 3 more MPC meetings in 2022.