Good morning

Here is a rundown of what happened in the stock market last week and what to expect this week

https://twitter.com/quansimodo/status/1619791582940782592?t=A8clZupMDVKtncNK92_PQA&s=19

The owner of Nairalander has no innovative sense. If not, by now, he or she should have learnt from WhatsApp on how to trim long write-ups, and they will just end with a link that says "Read more" or "See more". Only those interested in the jargons will click on that link.

By the way, who exactly owns this Nairalander?

essentialone:
The owner of Nairalander has no innovative sense. If not, by now, he or she should have learnt from WhatsApp on how to trim long write-ups, and they will just end with a link that says "Read more" or "See more". Only those interested in the jargons will click on that link.

By the way, who exactly owns this Nairalander?

Seun is reading your post.

TA eggheads (Agba,silentone, BBM and Co)

Are the banks, especially Zenith, UBA, GTB, NSE Banking index, forming head and shoulder pattern on the monthly TF?

I can see the left shoulder, the head and the right shoulder forming. That first neck (formed in January 2016) seems very deep.

If it is, then something could come unexpectedly.

What are your views?

Also to the TA eggheads,

Look at NSE 30. It seems to be forming the same thing the Indian stock indexes (Nifty 50 and BSE Sensex) formed on the monthly TF.

What could go wrong?

locodemy:


Price fluctuations the best approach to stock trading.For me, the 13.46℅ decline last week is my gain this week.

Don't take the fall serious.Take advantage of it.The technicals hasn't changed.Buying at 0.81 kobo is a very good entry price.

Okay, I'm looking into the fine details, No doubt Japaul has been sweet so far

Vitafoam Q1 result is out, looks interesting:
https://doclib.ngxgroup.com/Financial_NewsDocs/37497_VITAFOAM_NIG_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR.pdf

ZENITH: Back to 25.........Up with 10k
GTCO: Sighted @25.......Up with +55k....

Both Stocks now @25!
Why the sudden rush? Volume increasing.....Maybe one entity is increasing it's volume....or some entities..

ZEE : 27M units done so far...

Pullback ongoing........

STANBIC: Also getting attention....

JULIUS BERGER NIGERIA PLC UNAUDITED FINANCIAL STATEMENTS FOR THE FOURTH QUARTER ENDED DECEMBER 31,2022
EARNINGS PER SHARE (N) 5.47
PROPOSED DIVIDEND (K) 6.17

Cadbury gradually pulling up.

OBAGADAFFI:
JULIUS BERGER NIGERIA PLC UNAUDITED FINANCIAL STATEMENTS FOR THE FOURTH QUARTER ENDED DECEMBER 31,2022
EARNINGS PER SHARE (N) 5.47
PROPOSED DIVIDEND (K) 6.17

Result not yet published......
Pls post the link........
Could the proposed dividend be due to sale of assets?

*Updated*
OK. Result is here.....
https://doclib.ngxgroup.com/Financial_NewsDocs/37508_JULIUS_BERGER_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf

RabbiDoracle:
TA eggheads (Agba,silentone, BBM and Co)

Are the banks, especially Zenith, UBA, GTB, NSE Banking index, forming head and shoulder pattern on the monthly TF?

I can see the left shoulder, the head and the right shoulder forming. That first neck (formed in January 2016) seems very deep.

If it is, then something could come unexpectedly.

What are your views?

You are correct looking at the indexes. However, GTCO has more room to run compared to the other banks on this list. UBA and Zenith appear to still have a minimum 10% rise in it. I'll illustrate in the charts what I mean. The overall macroeconomics/environment should be taken into account as we analyse these charts moving forward. The banking index can still make a push northwards as it stands but how long it holds is up in the air.
Caution is what you are suggesting here and I take it on board fully.

More Unaudited Results..,.

https://doclib.ngxgroup.com/Financial_NewsDocs/37507_BUA_FOODS_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37508_JULIUS_BERGER_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37506_TOTALENERGIES_MARKETING_NIGERIA_PLC%20_QUARTER_4_FINANCI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37512_MEYER_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_FINA.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37511_S_C_O_A__NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FO.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37503_SUNU_ASSURANCES_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37502_MAY_AND_BAKER%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37569_AXA_MANSARD_INSURANCE_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37570_MCNICHOLS_CONSOLIDATED_PLC%20_QUARTER_4_FINANCIAL_STATEM.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37550_MRS_OIL_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FO.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37551_CORNERSTONE_INSURANCE_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37556_CONSOLIDATED_HALLMARK_INSURANCE_PLC%20_QUARTER_4_FINANCI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37564_CHAMS_HOLDING_COMPANY_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf

RabbiDoracle:
TA eggheads (Agba,silentone, BBM and Co)

Are the banks, especially Zenith, UBA, GTB, NSE Banking index, forming head and shoulder pattern on the monthly TF?

I can see the left shoulder, the head and the right shoulder forming. That first neck (formed in January 2016) seems very deep.

If it is, then something could come unexpectedly.

What are your views?

Just to add, the sellers ruined the h&s pattern when they couldn't move price below the neckline. We cannot discountenance the fact that the bulls have been in full control for the past 3 months at least in the banking sector. That surely counts for a lot.

RabbiDoracle:
Also to the TA eggheads,

Look at NSE 30. It seems to be forming the same thing the Indian stock indexes (Nifty 50 and BSE Sensex) formed on the monthly TF.

What could go wrong?

2075 is on the table for NSE30 there will be a reaction up there (if we get there) but we could afford a pullback to 1830 to continue the uptrend. Could it be a triple top? Absolutely.
As in all the examples, the bulls have the upper hand with those continuation candles.

RabbiDoracle:
Also to the TA eggheads,

Look at NSE 30. It seems to be forming the same thing the Indian stock indexes (Nifty 50 and BSE Sensex) formed on the monthly TF.

What could go wrong?

Final comment:
NIFTY 50 & Sensex are at All-time Highs. Topping action/healthy pullback is expected even without the Adani controversy.

Modified:
Oops!!! just checked (covers face) ASI is near ATH too. At this point, let everyone watch their portfolio like a hawk. Don't be caught unawares.

OBAGADAFFI:
JULIUS BERGER NIGERIA PLC UNAUDITED....
PROPOSED DIVIDEND (K) 6.17

Come and clarify this.....

INTERNATIONAL ENERGY INSURANCE - IEI
A rejected stone......sighted @69k.....just cruising northwards.
There's indeed a God of miracle.....
Dry bones can indeed rise again.....
All of you with dead kayas, make Una believe and hope in God o.

** Where's this Oga that keeps asking for update on IEI self??
Hope you already contacted the registrar for the exit price..

The kind fund wey enter this market today!
In GT, ZENITH, FIDELITY, AIRTEL and GEREGU especially...

Who's with me on GEREGU here self??
Up with another +N16.........now @176......
E go first reach 💯% from listing price from the look of things.

I think JB is a buy.
...but still wan check for that Div first self.......cos I never see am.

*Modified* Dividend not declared yet.

**Caveat: Abeg buy at owner's DD**

onegentleguy:




Read through the article above.
...might help with the clarification you seek.

Do take care.

Well detailed, thank you.

Ekuu Market o

mendes911:


Hope is not a strategy.....

welcome back Boss

yMcy56:
The kind fund wey enter this market today!
In GT, ZENITH, FIDELITY, AIRTEL and GEREGU especially...

Who's with me on GEREGU here self??
Up with another +N16.........now @176......
E go first reach 💯% from listing price from the look of things.

I think JB is a buy.
...but still wan check for that Div first self.......

**Caveat: Abeg buy at owner's DD**

Everyone is trying to position ahead of earnings and dividend declaration, and then they'll japa immediately.

yMcy56:

Come and clarify this.....

ASI let's do it
You can break 65k
Fasten your belt

not a fair comment in my opinion....you could just propose a solution, rather than insult him.
just saying....

essentialone:
The owner of Nairalander has no innovative sense. If not, by now, he or she should have learnt from WhatsApp on how to trim long write-ups, and they will just end with a link that says "Read more" or "See more". Only those interested in the jargons will click on that link.

By the way, who exactly owns this Nairalander?

beejay1:
not a fair comment in my opinion....you could just propose a solution, rather than insult him.
just saying....

The insult go work faster

Agbalowomeri:
ASI let's do it
You can break 65k
Fasten your belt

That happened about 17 years ago

HONEYWELL.

[url]https://doclib.ngxgroup.com/Financial_NewsDocs/37548_HONEYWELL_FLOUR_MILL_PLC%20_QUARTER_3_%20_FINANCIAL_STATEM.pdf[/url]

The "Honey" seems to have dried up in the "well".

ARDOVA

[url]https://doclib.ngxgroup.com/Financial_NewsDocs/37547_ARDOVA_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_FIN.pdf[/url]

Distribution and Admin Expenses.

Obene Kwa Kwa (x3)

FCMB

[url]https://doclib.ngxgroup.com/Financial_NewsDocs/37524_FCMB_GROUP_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022.pdf[/url]

Looks good on the surface (as usual). We wait for dividend declaration to confirm whether it's still their usual audio earnings or not.

mendes911:

FCMB

[url]https://doclib.ngxgroup.com/Financial_NewsDocs/37524_FCMB_GROUP_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022.pdf[/url]

Looks good on the surface (as usual). We wait for dividend declaration to confirm whether it's still their usual audio earnings or not.

Audio since Lord Lugard