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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 12:34pm On Oct 31, 2022 |
yMcy56: I know where to catch you na |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 12:40pm On Oct 31, 2022 |
onegentleguy:...bargain hunters will be looking below N4 Thanks for sharing your view @onegentleguy 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 12:42pm On Oct 31, 2022 |
yMcy56: |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 12:43pm On Oct 31, 2022 |
RabbiDoracle:...great contributions from both of you @RabbiDoracle and @Agbalowomeri. Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 12:43pm On Oct 31, 2022 |
yMcy56: q3 result was superb.... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 12:48pm On Oct 31, 2022 |
RabbiDoracle:It is interesting that you find stocks attractive at this time. When risk free returns are around 13-15%. If you have 10M Naira today, what will you be buying? 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 12:52pm On Oct 31, 2022 |
Olaide1295:...good question; over to you sir @RabbiDoracle |
Re: Nigerian Stock Exchange Market Pick Alerts by safepaulooo(m): 1:11pm On Oct 31, 2022 |
Oga rabbi don answer na. Good Divided paying stocks. Better than sitting on cash. Personally i buy the idea. Buy good dividend stocks at BARGAIN. Enjoy the dividends till reversal, which will surely come. APC government might not allow equity market spoil their chances oh. I expect strong rebounce soon Olaide1295: |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:30pm On Oct 31, 2022 |
BullBearMkt: OK. Let me break it down. And let no one see this as me blowing my bubble. I live in Turkey (unfortunately close to Russia separated by the black sea) and that is why I am concerned about some nuclear rhetoric. Here inflation is 83% as at September 2022. This one na govt report o. Interest on bank deposit is 16%. So things are really expensive. Exchange rate (USD - lira) rose spectacularly in 2021 (from 6+ to 18) and it had remained so till 2022 (18+). So what do people do to beat inflation? They buy cars and flip. Some buy houses and flip. Then people buy food and store. These are real assets. Real goods. Those who have change to spare buy equities of the companies that produce real goods. Because during inflation, you must make necessary provisions for basic things. So you must buy these at those high prices. These go to the companies as increasing revenues and after cost of sales and other expenses, they still shell out massive returns. They pay Dividends. Stock make parabolic rise. I have noticed that lots of companies that produce goods had their stocks rise between 500% to 1, 000%. Some are even more. I have quite a few names scattered in the affected sectors that these global events impact. So I write based on experience. If you are holding cash when inflation is 83% and interest on deposits is just 16%, then you will be instantly crushed. Now going back to Nigeria, inflation (govt reported) is 20% and what is the fixed deposit rate? Maybe 17%. This is nothing. You are still in financial repression where your funds lose money in a double whammy of lower fixed deposit rates vs inflation and devaluation. So what do you do because its gonna get worse before it gets better. Though NSE isn't so deep like in Turkey where you trade wheat stocks, natural gas stocks, electric company stocks, steel stocks, dry food stocks, leasing, pharma and electronics etc. However we still have food stocks on NSE. You may think they won't rise, but when it starts, it goes very fast. I have seen stocks do 500% in 3 months here. The most important is for one to ensure that every N1 you get doesn't stay as cash. You could be losing initially but it will be coming back as dividends which you can spend. If it is staying as cash, you will be spending it on highly costly goods(food, drink, energy cost etc) which would deplete your savings fast unlike when you are using dividends to offset these if you were invested in good dividends paying stocks. And if you get like +1,000%, then you know what to do. Inflation is beneficial to me and it is what I'm experiencing now. So I speak from experience. 25 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 1:44pm On Oct 31, 2022 |
RabbiDoracle: Where is fixed deposit rate 17% in Nigeria? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:49pm On Oct 31, 2022 |
Wapgod: Just giving you an example. Even if it is 17% vs inflation of 20%, you are still losing money on that and with devaluation. If it is lower than 17%, then it is a severe financial repression. So it means people will find ways to invest in anything otherwise their savings will be depleted. The same imbalance is seen in EU, US and Japan where savers and fixed income guys are crushed. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:09pm On Oct 31, 2022 |
RabbiDoracle:...nice 1. OkomuOil & Presco come to mind 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:10pm On Oct 31, 2022 |
BIST 100 83% inflation, bank deposit rate at 16%, interest rate cut to 9%+ Nigeria just 20% inflation rate. Soon the wind of change on NSE will be like BIST. 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:33pm On Oct 31, 2022 |
RabbiDoracle:That's a massive move on the stock market. I'm not sure that rise in price is as a result of inflation alone. Normally rise in inflation should have negative effect on the stock market, let me say in a sane environment, like US & UK (that I follow their markets). Only valued stocks will tend to rise while growth stocks will continue to fall and invariably affect the market index. This massive jump in Turkish stock market index get as e be. Suspecting some other underlining factors are responsible not only inflation 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:54pm On Oct 31, 2022 |
BullBearMkt: It is a big EM just like Russia, Indonesia, Saudi etc. Other factors that could cause the rise is the ban of foreign investors in Russian market and they rotated into BIST. Others could be fall in other developed markets and some small to medium funds rotate into this EM. The locals also contributed. |
Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 3:22pm On Oct 31, 2022 |
Olaide1295: ONLY GTBank and MTN ARE IN MY RAIDER 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:42pm On Oct 31, 2022 |
Olaide1295: Risk free return of 13 to 15%. Good one. With N10m, buying Zenith at N20 gives you 500,000 units assuming you pay off the commission outside the N10m. Zenith gives N3 dividend. And is bound to repeat it at 2022 YE. This will be 13.5% dividend yield if you remove withholding taxes. And once the wind of change goes in favour of the banks, you get capital appreciation on Zenith and still pocket dividends equivalent to the risk free return you mentioned. 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 3:47pm On Oct 31, 2022 |
RabbiDoracle: Based! Already averaging in on Zenith and GTCO. UBA looks good as well. |
Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 3:48pm On Oct 31, 2022 |
Gbam!!! Easy pizzi... RabbiDoracle: |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:21pm On Oct 31, 2022 |
RabbiDoracle: What if I get Zenith at N10 ? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 5:32pm On Oct 31, 2022 |
$1 is equivalent to N805/N810 (Naira) This is not how we want it to be but the present govt want it this way. E ku market oooooo 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:51pm On Oct 31, 2022 |
Godisfaithful: Myjoy08 I hail o 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:52pm On Oct 31, 2022 |
Agbalowomeri: If you believe it's possible to get to that price after all your analysis, then you wait for it and buy at N10. Others who want a cashflow can buy at the price where the dividend yield is OK for them. Though I still expect Zenith to rise to 75 and GTB to 90 in their ascent. 6 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:55pm On Oct 31, 2022 |
RabbiDoracle: |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:23pm On Oct 31, 2022 |
Did Turkish banks participate in this steep rise or were left out. Please can you share the names of some of their banks that did well. RabbiDoracle: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:27pm On Oct 31, 2022 |
Agbalowomeri:Lol. Abeg sir....E ma se b'ese to o. ...but honestly, try and be contributing more on this thread sir, you be Agba for this biz and your views/TA/FA/GA and even spiritual analysis are also very important in decision making for some people, for we newbies and in balancing some equations...... E se pupo in advance. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:28pm On Oct 31, 2022 |
MORE INTERIM DIVIDENDS DECLARED.... PRESCO Interim Dividend: N2.00 Qualification Date: 21st November, 2022 Payment Date: 25th November, 2022 Registrar: First Registrar https://doclib.ngxgroup.com/Financial_NewsDocs/37162_PRESCO_PLC%20CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_AC.pdf OKOMU Interim Dividend: N2.00 Qualification Date: 15th Nov, 2022 Payment Date: 22nf Nov, 2022 Registrar: Cardinal Stone https://doclib.ngxgroup.com/Financial_NewsDocs/37165_OKOMU_OIL_PALM_PLC%20CORPORATE_ACTIONS_CORPORATE_ACTION.pdf AIRTEL Interim Dividend: 2.18cents Qualification Date: 9th Nov, 2022 Payment Date: 9th Dec, 2022 Registrar: Coronation Registrars https://doclib.ngxgroup.com/Financial_NewsDocs/37167_AIRTEL_AFRICA_PLC%20DIVIDEND_CONFIRMATION__CORPORATE_ACT.pdf 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:33pm On Oct 31, 2022 |
This is Christmas gift to shareholders. Nice yMcy56: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:49pm On Oct 31, 2022 |
BabsO2: Yes, all the banking stocks rose. Some names did x2 to x3 in 4 weeks. Mo gbe ja . Because it was too steep. After that they lost between 50% to 60% in 2 weeks. You can check the chart on investing site. AKBNK VAKBN ISCTR GARAN HALKB TSKB SKBNK 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:57pm On Oct 31, 2022 |
Thanks. I just picked this story from google search https://www.reuters.com/business/finance/turkish-bank-stocks-rollercoaster-ride-leaves-investors-reeling-2022-09-16/ Will Naija banks ride the wave of inflation to higher incomes or some may collapse. will look at those specific stocks you listed to see if there is anything I can learn. RabbiDoracle: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 8:39pm On Oct 31, 2022 |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:50pm On Oct 31, 2022 |
RabbiDoracle: Their financials is all over the place. Mostly flat on EPS, but with revenues rising sharply across the banks. In the first four AKBNK did well in EPS in 2021 and GARAN performed extremely well. Used the following to take a quick glimpse. https://www.morningstar.com/stocks/xist/akbnk/financials https://www.morningstar.com/stocks/xist/vakbn/financials https://www.morningstar.com/stocks/xist/ISCTR/financials https://www.morningstar.com/stocks/xist/GARAN/financials This means some Naija banks will surely ride well on inflation. While some may not. 2 Likes |
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