₦airaland Forum

thesilentone:
@Rabbidoracle From your perspective, do you think there is enough pessimism in the market?

The euphoria has dialled down a notch but I sense there is still not enough pessimism.

In some EMs and all DMs, there is enough pessimism that has affected the general mood of the market. Meanwhile few EMs are seeing strong bullish sentiments. In fact it is overwhelming. Examples Turkey, India and maybe Saudi Arabia.

Though some individual names in DMs are doing very well especially if you are invested in oil and gas, wheat, water resources, electricity gen & distribution to mention a few.

For NSE, the sentiment seems quite muted but there is buying going on.

If you look at the ranging charts I posted for banks, you will see that there was a top in November 2020 and since then prices for some banks have not broken that 2020 price.

A bullish breakout from that range is usually very violent.

I agree with the muted sentiment in the NSE. It is the 'undecided' crowd that are keeping the market in this state, I'll prefer if they made up their minds one way or the other.

For Turkey, it can be explained away. The inflation rate is so high, most foreign investors have left the country and the prevailing perception of the market participants in Turkey is 'playing the market'. No long term consideration, their short term is the shortest of terms. The average total holding period for most participants is 11days. They treat their market like a casino. Very different game going on there.

India indeed have risen to the challenge of bolstering their markets with new foreign inflows. Several Large companies have started establishing huge bases in the country, that can only be good for their economy with new jobs created etc.

I know nothing about Saudi Arabia.

Your comments about the Banks hints that a move in the banks (like Tech in the US) will determine the overall direction of the ASI. I wonder if another sector of the economy might take a leadership role? I don't have an intelligent answer yet to this question

RabbiDoracle:
In some EMs and all DMs, there is enough pessimism that has affected the general mood of the market. Meanwhile few EMs are seeing strong bullish sentiments. In fact it is overwhelming. Examples Turkey, India and maybe Saudi Arabia.

Though some individual names in DMs are doing very well especially if you are invested in oil and gas, wheat, water resources, electricity gen & distribution to mention a few.

For NSE, the sentiment seems quite muted but there is buying going on.

If you look at the ranging charts I posted for banks, you will see that there was a top in November 2020 and since then prices for some banks have not broken that 2020 price.

A bullish breakout from that range is usually very violent.

RabbiDoracle:
In some EMs and all DMs, there is enough pessimism that has affected the general mood of the market. Meanwhile few EMs are seeing strong bullish sentiments. In fact it is overwhelming. Examples Turkey, India and maybe Saudi Arabia.

Though some individual names in DMs are doing very well especially if you are invested in oil and gas, wheat, water resources, electricity gen & distribution to mention a few.

For NSE, the sentiment seems quite muted but there is buying going on.

If you look at the ranging charts I posted for banks, you will see that there was a top in November 2020 and since then prices for some banks have not broken that 2020 price.

A bullish breakout from that range is usually very violent.

...good comparative analysis. Most markets are being affected by rise in interest rate to cushion the effect of high inflation which directly affected stock markets money flow.

NSE is largely because of political uncertainties! Everyone is cautious about who is coming next or their policies... until there is clarity, then, the clime will be cleared. On going buying likely not institutional & there is also high probability for a bearish breakout (as well as bullish one) on the ranging banking stocks you mentioned.

thesilentone:
I agree with the muted sentiment in the NSE. It is the 'undecided' crowd that are keeping the market in this state, I'll prefer if they made up their minds one way or the other.

Your comments about the Banks hints that a move in the banks (like Tech in the US) will determine the overall direction of the ASI. I wonder if another sector of the economy might take a leadership role? I don't have an intelligent answer yet to this question

On the next sector that could lead, my guess is on food stocks, continuation of energy sector stocks because the war will continue to disrupt food supplies.

Yes, a move in the banks will positively move the ASI especially when you wake up to daily full bid on the banks. This will cause everyone not invested to board any available bus

Still on banks, EMs are still in a fair position unlike the ones in EU or UK. If I was in EU, I will not hold any huge cash in fixed income instruments or cash in the bank. Because the events going on in the financial sector especially in the vulnerable West could lead to bail - ins being used to rescue ailing financial institutions.

At least we know that a pilot test of bail - in had been done in Nicosia (Cyprus) in 2013 Cyprus banking crisis and soon this would become a blueprint for rescuing banks in the West.

So in thinking of places to park funds in the West (especially you living in the UK) , one needs to avoid banks or fixed income and go to stocks that make things and have long history of survival.

Heishere:
Geregu 2021 financials

https://doclib.ngxgroup.com/Financial_NewsDocs/36876_GEREGU_POWER_PLC%202021_FINANCIAL_STATEMENT_CORPORATE_AC.pdf

This resuld dey confuse me oh. 20billion in profit after tax, eps is now over 2thousand for a company with 2.5billion OS.

The Cyprus case was shocking at the time, still is, but theirs was a peculiar basket case of :

First, the banks had assets equal to roughly eight times the country's GDP. Second, they got a huge percentage of their deposits from tax-dodging Russians. Third, they invested a ton of money in Greece. (Good, old & Broke ) And fourth, they were highly dependent on central bank financing to stay afloat. In other words, Cypriot banks were too big for Cyprus to save. But somebody needed to save them - Enter Germany at the time.

For us here though, our deposits are insured up to 85K per account per bank. So simply having single accounts with multiple banks does the trick. It would be the end of our currency if they begin to tax bank depositors anything talkless of 6.75% for Cyprus.

The decade of austerity and outright prudence will tide us along for a while. Our debt is not as significant as other developed countries.

You make a fair point about food stocks, generally producers/manufacturers of human necessities.

RabbiDoracle:
On the next sector that could lead, my guess is on food stocks, continuation of energy sector stocks because the war will continue to disrupt food supplies.

Yes, a move in the banks will positively move the ASI especially when you wake up to daily full bid on the banks. This will cause everyone not invested to board any available bus

Still on banks, EMs are still in a fair position unlike the ones in EU or UK. If I was in EU, I will not hold any huge cash in fixed income instruments or cash in the bank. Because the events going on in the financial sector especially in the vulnerable West could lead to bail - ins being used to rescue ailing financial institutions.

At least we know that a pilot test of bail - in had been done in Nicosia (Cyprus) in 2013 Cyprus banking crisis and soon this would become a blueprint for rescuing banks in the West.

So in thinking of places to park funds in the West (especially you living in the UK) , one needs to avoid banks or fixed income and go to stocks that make things and have long history of survival.

Who wouldn't want to be a Director there? With emoluments of over #1BN (page 48). Valuations are for people who can already see it is overpriced. It is noteworthy that a single company owns 80% of the company with First Bank providing a revolving facility of #10B

Mpeace:
This resuld dey confuse me oh. 20billion in profit after tax, eps is now over 2thousand for a company with 2.5billion OS.

They had only 10million shares issued then (note 20.2). Now with 2.5billion shares, EPS on that report should be N8.22.

Book value of N60billion. Market value on listing: N250billion. Wow.

Mpeace:
This resuld dey confuse me oh. 20billion in profit after tax, eps is now over 2thousand for a company with 2.5billion OS.

Mpeace:
This resuld dey confuse me oh. 20billion in profit after tax, eps is now over 2thousand for a company with 2.5billion OS.

They increased the OS to 2.5billion during listing

Frangel:
They had only 10million shares issued then (note 20.2). Now with 2.5billion shares, EPS on that report should be N8.22.

Book value of N60billion. Market value on listing: N250billion. Wow.

I don enter one chance be that

The time is almost close for all central banks to come united and force-sell all US treasuries creating a severe spike in the US bond yields. Maybe this will drag Fed in to start buying back their bonds just the way Japan and UK did.

Once that happens, watch equities movement.

This in no way have sorted the underlying inflationary pressure. It will be short term solutions, max 6 months to 1 year. Long term pain could be a brutal rate hike of say a 3% (at once) as inflation spirals out of control.

NSE should be a beneficiary of this.

Dum20:
Please why are you coming here to sell information that is freely given here?

People share information for free here, you come here and use the same information and put it up for sale.

That is not fair

Some good stocks to buy or watch to make money from
Eli Lilly
Exxon
Neurocrine Biosciences
Cardinal Health
Arista Networks

Slayar:
Is there an online broker one can use to buy Nigerian stocks?

Try and use the Meritrade.

Please does anyone know how to find the Companies that are grouped in the different indexes on NSE, for example NGX30?

I have gone through the NGX website with no luck.

Thanks

The folks feeling trapped in NB, Nestle and Guinness, not to worry - madam money @mcy will come shortly.

thesilentone:
Please does anyone know how to find the Companies that are grouped in the different indexes on NSE, for example NGX30?

I have gone through the NGX website with no luck.

Thanks

https://ngxgroup.com/exchange/data/indices/

I believe there is a dropdown in there for u to select...

Thank you very much.

I even attempted to chat with the NGX Group team, got no response.

ositadima1:
https://ngxgroup.com/exchange/data/indices/

I believe there is a dropdown in there for u to select...

TODAY IN OUR GROUP WE SHARED SOME FUNDAMENTAL DATA THAT WILL ENABLE US MAKE THE RIGHT DECISION IF WE RAE TO CHOSE BETWEEN TWO OR MARE ALTERNATIVES
Date below is for our cement stocks, which one is cheaper. The winner here is WAPCO using PE.

However, we will not jump and buy today. We will only buy the day our technicals tell us that upside momentum is at hand. For now we are not interested in any of theses stocks on technical grounds.

Finally, a warning from this same analysis is telling us run away from ARDOVA it is like a death trap, even if someone dash you for free reject it, look like another OANDO incarnate (we all know what that that means)

Information like this, plus profit forecast and others we post at least 3 time on a week assists us to avoid wealth destroying stocks.
. At least if the market is not bullish, our money should be put to better use, we should not use our money to buy liability.

What Is Floating Stock?
Floating stock is the number of shares available for trading of a particular stock. Low float stocks are those with a low number of shares. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares.

Closely-held shares are those owned by insiders, major shareholders, and employees. Restricted stock refers to insider shares that cannot be traded because of a temporary restriction, such as the lock-up period after an initial public offering

Special Considerations
A company is not responsible for how shares within the float are traded by the public—this is a function of the secondary market. Therefore, shares that are purchased, sold, or even shorted by investors do not affect the float because these actions do not represent a change in the number of shares available for trade. They simply represent a redistribution of shares.

Example of Floating Stock
As of June 2020, General Electric (GE) had 8.75 billion shares outstanding.
* Of this, 0.13% were held by insiders. 63.61% were held by large institutions.
* Therefore, a total of 63.7% or 5.57 billion shares were likely not available for public trading. The floating stock is therefore 3.18 billion shares (8.75 - 5.57).

It is important to note that institutions don't hold a stock forever. The institutional ownership number will change regularly, although not always by a significant percentage. Falling institutional ownership coupled with a falling share price could signal that institutions are dumping the shares. Increasing institutional ownership shows that institutions are accumulating shares.

Culled from Investopedia

GTCO comes to mind.

Look right, we've been to the left.

https://doclib.ngxgroup.com/Financial_NewsDocs/15_Earnings_forecast_Q4_2022.pdf

Aiico Insurance Earnings Forecast

https://doclib.ngxgroup.com/Financial_NewsDocs/36706_P_Z_CUSSONS_NIGERIA_PLC%20NOTICE_OF_DELAY_IN_FILING_THE.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/36797_P_Z_CUSSONS_NIGERIA_PLC%20NOTICE_OF_DELAY_IN_FILING_THE.pdf

Heishere:
Geregu 2021 financials

https://doclib.ngxgroup.com/Financial_NewsDocs/36876_GEREGU_POWER_PLC%202021_FINANCIAL_STATEMENT_CORPORATE_AC.pdf

They paid N15 dividend this year

yMcy56:
Bros, na literary meaning o......may or may not be true in the real sense.

Their 3rd quarter result is on its way, we'll be able to see much clearly how the Company is performing.

If you're in GEREGU, you belief in the company and you're a risk taker, stay put.
If you're afraid, you can move to other ones that gives you peace of mind.
If you want opinion, state that you needed opinion.

Just remember that investing in NGX is a risk in itself.
So, pick one out of the "ifs"...
Btw, I read somewhere that the coy isn't doing badly though.

Where are you these days?

Is there any hope for University Press Plc. ?Dropped from 3.15 to 1.50

Epic

Phlinx:
They paid N15 dividend this year

To only 10million shares as at the time of the last payment.
Now they have 2.5 billion shares. Calculate how much they will pay as dividend.
If they pay the same proportion of their profit, then it should be the type of dividend transcorp normally pays :6kobo.

.

Mpeace:
To only 10million shares as at the time of the last payment.
Now they have 2.5 billion shares. Calculate how much they will pay as dividend.
If they pay the same proportion of their profit, then it should be the type of dividend transcorp normally pays :6kobo.

I believe they paid N37.6 Billion

Last year, they paid about N3,760 per share on 10m shares (approx N37.6bln). I guess to settle the pioneer shareholders, pre-listing on NGX.

No dividend was paid in 2020.

Assuming 2022 PAT remains same as last year, EPS would be about N8.20 (for 2.5bln shares).

Phlinx:
They paid N15 dividend this year