₦airaland Forum

NapoleonHill:
Hello, good people. Please, which is the best stock brokers to trade with?

I'm new to it. I just want to be sure I'm doing the right thing.

Justcul:
For me, its morgancapitalgroup.com
Meristem is also good as I heard.

emmanuelewumi:
According to Isaac Newton after losing £20,000 in the stock market about 300 years ago.


Again and again, the stock market will always humble people who think they are smart


No wonder Peter Lynch said all the math you need to succeed in the stock market, you must have learnt them in 9th grade or JS3 Maths


Warren Buffett and Charlie Munger have similar views concerning higher level Maths and stock market success

emmanuelewumi:
NGX will be on steroids in the second half of 2023, we might not see some of the prices again for some of the undervalued stocks

Streetinvestor2:
What are your reasons I am of different opinion.

emmanuelewumi:
I will advise you to sell and keep cash

emmanuelewumi:
Don't get me wrong, high level math is good if you have the brain for it. But it won't lead to success in the stock market if you don't apply the knowledge of basic Maths with unconventional wisdom and common sense


I hardly read investment books written by professor of finance, except those written by successful fund managers

ositadima1:
The Medallion Fund is a hedge fund managed by Renaissance Technologies, founded in 1988 by mathematician Jim Simons. It is one of the most successful and mysterious hedge funds in the world, with little known about the inner workings of its investment strategy. The fund has produced impressive returns for its investors and has become synonymous with the idea of using mathematical models and algorithms to trade in financial markets[1]. The Medallion Fund is only available to current and former partners of Renaissance Technologies[4].

The Medallion Fund has returned an annualized 63.3% from 1988 to 2018, according to a 2019 study[2]. The fund employs high-frequency trading and exploits inefficiencies in the stock market[3]. One strategy it uses takes advantage of the inefficiencies in the execution of large transactions[3]. The fund finds individual patterns in data and uses mathematical models and algorithms to trade in financial markets.


The Medallion Fund's returns are so spectacular that Jim Simons became one of the world's richest people[3]. Over the years, Medallion's spectacular returns, as well as fees on the other funds, have made founder Jim Simons a multi-billionaire.


Jim Simons' hedge fund, the Medallion Fund, and Warren Buffett's Berkshire Hathaway are both extremely successful investment vehicles, but they differ in their investment strategies and approaches. The Medallion Fund employs high-frequency trading and mathematical models to trade in the stock market, exploiting inefficiencies in the execution of large transactions[1][2]. On the other hand, Berkshire Hathaway invests in a diversified portfolio of companies and has consistently outperformed the market over the long term[3]. While both Simons and Buffett are extremely successful investors, Simons has been more successful than Buffett in terms of returns[1][3]. However, it is important to note that both investment vehicles have different investment strategies and approaches, and it is difficult to compare them directly[3].

ositadima1:
The Medallion Fund is a hedge fund managed by Renaissance Technologies, founded in 1988 by mathematician Jim Simons. It is one of the most successful and mysterious hedge funds in the world, with little known about the inner workings of its investment strategy. The fund has produced impressive returns for its investors and has become synonymous with the idea of using mathematical models and algorithms to trade in financial markets[1]. The Medallion Fund is only available to current and former partners of Renaissance Technologies[4].

The Medallion Fund has returned an annualized 63.3% from 1988 to 2018, according to a 2019 study[2]. The fund employs high-frequency trading and exploits inefficiencies in the stock market[3]. One strategy it uses takes advantage of the inefficiencies in the execution of large transactions[3]. The fund finds individual patterns in data and uses mathematical models and algorithms to trade in financial markets.


The Medallion Fund's returns are so spectacular that Jim Simons became one of the world's richest people[3]. Over the years, Medallion's spectacular returns, as well as fees on the other funds, have made founder Jim Simons a multi-billionaire.


Jim Simons' hedge fund, the Medallion Fund, and Warren Buffett's Berkshire Hathaway are both extremely successful investment vehicles, but they differ in their investment strategies and approaches. The Medallion Fund employs high-frequency trading and mathematical models to trade in the stock market, exploiting inefficiencies in the execution of large transactions[1][2]. On the other hand, Berkshire Hathaway invests in a diversified portfolio of companies and has consistently outperformed the market over the long term[3]. While both Simons and Buffett are extremely successful investors, Simons has been more successful than Buffett in terms of returns[1][3]. However, it is important to note that both investment vehicles have different investment strategies and approaches, and it is difficult to compare them directly[3].

emmanuelewumi:
Summary of BUA cement report for 2022.



Revenue 360b
Equity 411b
Outstanding shares 33.8b
EPS N2.98
Book value per share N12.20


Market cap 3.3 trillion
Enterprise value 3.5 trillion

Total Asset 874b
Current asset 197b
Current liability 257b
Working capital (60b) negative 60 billion naira

Cash 48b
Excess cash 30b


Operating cash flow 149b
Free cash flow 42b

Profit margin 28%
Free cash flow margin 11%

Gross profit 163b
EBITDA 152b
EBIT 132b
Profit after tax 101b


Return On Equity 25%


Capital employed 677b
Invested capital 629b

Net debt 270b

Cost of sale 197b
Operating expenses 37b
Finance cost 10b
Capital expenses 102b


Opex/Sale 10%
Capex/Sales 28%

Finance cost/EBIT 8%


ROCE 20%
ROIC 14%
CFROI 22%
CROIC 7%



Gross profit/Total Asset 19%


EV/FCF 82
EV/EBIT 27
EV/EBITDA 23
EV/Sale 9.4


EBIT/EV 4%.


The Earning before interest and tax/ enterprise value yield is 4%.


This is less than the yield on a 10 year FGN bond. One of my criteria of determining if a stock is over priced

Streetinvestor2:
.This man is just manipulating the shares to remain in billionaire list and nothing more

ositadima1:
[i]The Medallion Fund is a hedge fund managed by Renaissance Technologies, founded in 1988 by mathematician Jim Simons. It is one of the most successful and mysterious hedge funds in the world, with little known about the inner workings of its investment strategy. The fund has produced impressive returns for its investors and has become synonymous with the idea of using mathematical models and algorithms to trade in financial markets[1]. The Medallion Fund is only available to current and former partners of Renaissance Technologies[4].

I hardly read investment books written by professor of finance, except those written by successful fund managers

LordAdam16:
Rudimentary math and attention to detail is sufficient to achieve success in the markets.

-Lord

ositadima1:
Most individuals who have the courage to invest in stocks already have basic math skills, yet there aren't a significant number of successful stock investors simply because it is a zero sum game. Someone gotta lose for another to gain.

Also, It's short-sighted and egotistical to think that only your approach is correct and that other methods won't work. The world isn't binary or black and white, and there are many ways to approach a problem.

onegentleguy:
Guess you got GTCO @ N17 or less. ...great pick!

How about holding on to your possession and sourcing for additional funds to align with UBA.
Might not be a bad idea you know!

"The stock market will more often than not, gift you with a "weighing scale" but unlike that device, your "measurement precision" would solely depend on finding the RIGHT BALANCE between holding on and letting go."
~Sinclair

ositadima1:
Most individuals who have the courage to invest in stocks already have basic math skills, yet there aren't a significant number of successful stock investors.

Also, It's short-sighted and egotistical to think that only your approach is correct and that other methods won't work. The world isn't binary or black and white, and there are many ways to approach a problem.

emmanuelewumi:
Free float is less than 2% and institutional investors are not ready to come on board

emmanuelewumi:
In the taxonomy of functional learning we have the following


1. Knowledge
2. Comprehension
3. Application
4.Analysis
5. Synthesis
6. Evaluation.



Most times we stop at the first 2 stages

Hogwarthtrades:
As regards BUA CEMENT and contemporaries, Waiting on Institutional investors to jump in as a factor to hedge one's bet for retail investor will amount to waiting for years to come and possibly missed value. This is my biased opinion with BUA stake; cheap is relative and nuanced.. It's similar to a visually impaired artist feeling different body parts of an elephant based on analysis and Time in the market !! Dang cement had similar issues in the past before every Tom,Dick and harry got on it.

Ideally, you treat One man band company like BUA as though you are in the Private equity world (PE)./WIth that you have a nuanced evaluation of the business you are reviewing. Integrity is the paramount fundamental. Any scammy tendency will make me abandon ship. DUE DIligence on every man's part still.!. Keep up the good work EEwumi.!

GANDALF1:
Shhhhhhhhhhhhhh!

Cant you see that the white man has arrived the village to distribute another set of monkeys?

Caverton era has passed. We are buying only new species of monkeys now.

ositadima1:
Caverton has the potential to make a strategic move by announcing a dividend of 20 kobo, which would result in an impressive yield of 20% based on the current market price. If such a move is made, I anticipate the stock price to rise to approximately 1.7 naira. Considering the 2022 fourth-quarter reports, the earnings per share (EPS) stands at around 27k, which makes a dividend payout of 20k feasible.

mendes911:
Is this what you could glimpse from Chat GPT?

mendes911:
Is this what you could glimpse from Chat GPT?

ositadima1:
Caverton has the potential to make a strategic move by announcing a dividend of 20 kobo, which would result in an impressive yield of 20% based on the current market price. If such a move is made, I anticipate the stock price to rise to approximately 1.7 naira. Considering the 2022 fourth-quarter reports, the earnings per share (EPS) stands at around 27k, which makes a dividend payout of 20k feasible.