Deadlytruth:
It appears the 2007/2008 times are back as we seem to have begun seeing an indiscriminate bull touching nearly every stock so much that even previously dead and fossilized stocks are beginning to record activity obviously due to acute scarcity of the conventional ones. What appears as the driving force behind the rally now is definitely not FA or TA but obviously the case of the available becoming the desirable on account of the desirable being unavailable.
How long this will last is what no one can predict with certainty.

The average Price Book ratio on NGX in 2006 to 2007 was 5 and average Price Earning ratio of 21.


That was a time when stock of N60 paid dividends of N1.


We are yet to have average dividend yield of less than 3%

Deadlytruth:
It appears the 2007/2008 times are back as we seem to have begun seeing an indiscriminate bull touching nearly every stock so much that even previously dead and fossilized stocks are beginning to record activity obviously due to acute scarcity of the conventional ones. What appears as the driving force behind the rally now is definitely not FA or TA but obviously the case of the available becoming the desirable on account of the desirable being unavailable.
How long this will last is what no one can predict with certainty.

Only stock that defiled and resist Tinubull is INTBREW
This stock destroy sentiment, TA, FA.
Corruption at it's peak. Yearly Red flags.
About 3 years ago, INTBREW was able to raise N165 billion through the sale of 18.3 billion units of ordinary shares of 50 kobo each at N9.00 per share to its existing shareholders in December 2019, thereafter, the share has been plummeting and sometimes inertia. Nothing to show for the minority shareholders that participated in the rights issue, rather the company report losses upon losses 📉 😢 🤣 😔 😪 😤 📉. Loss + loss=net loss. Year in, year out. No wonder Soludo says The Peter Obi investment in INTBREW worth next to Nothing.
The 18.3 B units that was fully subscribed in Dec 2019 @N9 per unit now worth N72.3B from N165B.
I can beat 💓 my chest and conclude that Mr Time is not in favour of this badly manage company.
Very shameless company, coming out yearly to announce net loss.
Make the majority owners surrender this company to people wey Sabi run brewery business.
Net loss is anti TA, anti FA, anti SA.
I do not know if investors ever read about the company they are putting their money on!
For FTNCOCOA, the news has been there since 2017/18 that some foreign investors wanted to take over the company, this eventually happened.
For JAPAUL, the news has always been there that the majority owner wanted to diversify to mining and bring in foreign partners and investors, For CHAMS, most conservative analysts put the trailing and forward PE above the current Market price.
The graph of INTBREW is nauseating, always return a bad candle and stick patterns.
I haven't seen 2 out of 10 TA experts agreeing on buy, sell, hold.
It looks as if the company doesn't have a product they are selling, while in reality most of their products compete favorably with Guiness and NB products.

Waiting for the take of TA people on the markets direction for the next 6 to 8 months

emmanuelewumi:





Based on the latest market update sent to me by United Capital the average

Price Book ratio on NGX is 2.2

Average Price Earning ratio is 11.1


Based on Graham's model, at a price book ratio of 2.2 the average return on equity should be 16%.

Based on an average return on equity of 16% the justified average Price Earning ratio on NGX should be 13.75.


With the current average PE of 11.1 the ASI will need to increase by 24% to have an average Price Earning ratio of 13.75 or ASI of 78,000.

Considering the current yield in the bond market, the expected increase of 24% will be discounted to 20.5% by using the average yield on a 10 year bond and the current yield on a 10 year bond.

So we should be looking at ASI of 75,000 for the NGX to actualize its intrinsic value.






I will advise people to look into stocks whose unleveraged return on equity is more than 16% although 20% and above is preferable and currently have a Price Earning ratio of 12 and below.




My opinion though.



Please do your due diligence

Can sight example of such stocks?

Not a big investor, but I’m looking at getting more of Wapco at market price tomorrow for a long term basis.
What is your take?

emmanuelewumi:
Waiting for the take of TA people on the markets direction for the next 6 to 8 months

The crystal ball 🔮 here is seeing 18 months of sustained bullish trend for NGX, plus coming oil inflation, Off to the moon in Crypto slang.
Baba, try and accumulate HH for your offspring.
I plan to have at least 10M units for mine @ 5m unit for each of them.

emmanuelewumi:
Waiting for the take of TA people on the markets direction for the next 6 to 8 months

We are entering uncharted territory

handsomebolanle:


Can sight example of such stocks?

Not a big investor, but I’m looking at getting more of Wapco at market price tomorrow for a long term basis.
What is your take?

Wapco
Transcorp
Uba

handsomebolanle:


Can sight example of such stocks?

Not a big investor, but I’m looking at getting more of Wapco at market price tomorrow for a long term basis.
What is your take?

Lafarge has a return on equity of 16, current PE of 9 based on last year's performance, hopefully forward PE should be about 8

Agbalowomeri:


We are entering uncharted territory

Come down to my level, do as if you are explaining it to your 7 year old son

emmanuelewumi:




Come down to my level, do as if you are explaining it to your 7 year old son

I don't have a son. I have only girls. Women will not leave me alone

Agbalowomeri:


I don't have a son. I have only girls. Women will not leave me alone

Okay, how will you explain that to your 7 year old daughter

emmanuelewumi:



Okay, how will you explain that to your 7 year old daughter

If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

Agbalowomeri:


If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

Is it not possible for TA people to talk and analyze without the word "if"?

Agbalowomeri:


If ASI breaks the ATH, it is bullish but expect a retest of the ATH levels. If it bounces off the resistance, then it could pull back to harness more energy to try again
The grammar don dey too much for my daughter sef

In summary there would be a volatility.
However the next big news will add the most potent steroid injection 💉 to ASI.
Tinubu victory at the Tribunal, this will negate the TA and give credence to SA.
The only unchartered territory that I 'm seeing is ATH uninterrupted bullish trend of 18 months, regardless of World economy indices, provided there is no Coup de tat or sudden demise of Tinubu.

Mankindman:

In summary there would be a volatility.
However the next big news will add the most potent steroid injection 💉 to ASI.
Tinubu victory at the Tribunal, this will negate the TA and give credence to SA.
The only unchartered territory that I 'm seeing is ATH uninterrupted bullish trend of 18 months, regardless of World economy indices, provided there is no Coup de tat or sudden demise of Tinubu.

I don't think you should talk more about TA. Some things may defy FA in the stock market but I believe everything can be seen on the charts depending on the experience and knowledge of the one interpreting it.........

pluto09:


Is it not possible for TA people to talk and analyze without the word "if"?

I am not TA people o. Maybe that's why I use "if"

Agbalowomeri:


I am not TA people o. Maybe that's why I use "if"

lol, where is BBM?

pluto09:


lol, where is BBM?

Present sir!

pluto09:


Is it not possible for TA people to talk and analyze without the word "if"?

lol!
TA is trying to anticipate future human behavioural patterns, which is very complex. The inclusion of 'if' statements allows us to consider various scenarios and outcomes, ensuring a comprehensive analysis of market trends and potential movements

BullBearMkt:

Present sir!

Kindly explain what you think is the direction of the market without using the work "if".
Thank you sir. ;

pluto09:



Kindly explain what you think is the direction of the market without using the work "if".
Thank you sir. ;

...yeah! I'm writing the weekly report if, I mean, hopefully, it should be ready before market opens tomorrow.

BullBearMkt:

lol!
TA is trying to anticipate future human behavioural patterns, which is very complex. The inclusion of 'if' statements allows us to consider various scenarios and outcomes, ensuring a comprehensive analysis of market trends and potential movements

My TA is still elementary after how many years of learning.
I still get confused here and there.

BullBearMkt:

...yeah! I'm writing the weekly report if, I mean, hopefully, it should be ready before market opens tomorrow.

Well done Boss.

Mankindman:

Only stock that defiled and resist Tinubull is INTBREW
This stock destroy sentiment, TA, FA.
Corruption at it's peak. Yearly Red flags.
About 3 years ago, INTBREW was able to raise N165 billion through the sale of 18.3 billion units of ordinary shares of 50 kobo each at N9.00 per share to its existing shareholders in December 2019, thereafter, the share has been plummeting and sometimes inertia. Nothing to show for the minority shareholders that participated in the rights issue, rather the company report losses upon losses 📉 😢 🤣 😔 😪 😤 📉. Loss + loss=net loss. Year in, year out. No wonder Soludo says The Peter Obi investment in INTBREW worth next to Nothing.
The 18.3 B units that was fully subscribed in Dec 2019 @N9 per unit now worth N72.3B from N165B.
I can beat 💓 my chest and conclude that Mr Time is not in favour of this badly manage company.
Very shameless company, coming out yearly to announce net loss.
Make the majority owners surrender this company to people wey Sabi run brewery business.
Net loss is anti TA, anti FA, anti SA.
I do not know if investors ever read about the company they are putting their money on!
For FTNCOCOA, the news has been there since 2017/18 that some foreign investors wanted to take over the company, this eventually happened.
For JAPAUL, the news has always been there that the majority owner wanted to diversify to mining and bring in foreign partners and investors, For CHAMS, most conservative analysis put the trailing and forward PE above the current Market price.
The graph of INTBREW is nauseating, always return a bad candle and stick patterns.
I haven't seen 2 out of 10 TA experts agreeing on buy, sell, hold.
It looks as if the company doesn't have a product they are selling, while in reality most of their products compete favorably with Guiness and NB products.

@Mankindman, I understand your concerns about IB, which have contributed to the stock's continued trading around 5 Naira. The company's weak fundamentals have already led to great punishment, and currently, accumulation is taking place.

Just as the IB stock you showed, I've provided similar chart for Japaul when it faced punishment and accumulation, which ultimately resulted in its transformation into one of the top performers.
NOT A CALL TO BUY, AS CAPITAL MAYBE TIED DOWN FOR CONSIDERABLE PERIOD

I don go borrow money come. So which one are we buying, Transcorp or Cutix? Besides MTN no wan join the bull

BullBearMkt:

@Mankindman, I understand your concerns about IB, which have contributed to the stock's continued trading around 5 Naira. The company's weak fundamentals have already led to great punishment, and currently, accumulation is taking place.

Just as the IB stock you showed, I've provided similar chart for Japaul when it faced punishment and accumulation, which ultimately resulted in its transformation into one of the top performers.
NOT A CALL TO BUY, AS CAPITAL MAYBE TIED DOWN FOR CONSIDERABLE PERIOD

@Bullbear Market, I respect your indepth and unbias TA. You are indeed a guru in the field of TA. I do not know if you will agree with me on INTBREW. It has always been moving in a contrary pattern and outright rejection of TA.
We all know that Time is of essence. For now I see more dumping in the coming days
Most FA analysts recommend average of 5 years holding position, how many years will you recommend for INTBREW holders from TA point of view?
The TA analysis of projected future earnings is not encouraging.
However , we all know that with faith, the dead bone can rise again. The question mark is when?
With no whale coming to take over this living dead company for merger or outright delisting from the exchange, then the future is bleak.
Only the management know what they are up to.
Holders must be ready for the worst and hope for the best.
The OHLC shows a trap pattern of volatility, indecision, warning of potential upside down, uncertain momentum etc

Ekuu sunday o

It being a while here.. Thank God for market bubbling

currentprice:
Ekuu sunday o

It being a while here.. Thank God for market bubbling

@current price, we have been waiting for your take on INTBREW.
Welcome back.

I think market reactions will go beyond TA this time.... normally am expecting strong pullback around 62 - 66k levels based on my chart. so fast to see 62k taken out easily, was expecting this by 3rd quarter. This month candle is crucial... watch out

now I see Mkt going beyond this levels. Mkt will continue reacting positively to any new announcement. many more to come

be ready to see many over-valued stock.

plan your investment, invest on your plan

Mankindman:

@current price, we have been waiting for your take on INTBREW.
Welcome back.

Lol u want me to talk so that that my oga can come for me with long epistle

hope u can see what fundamentally & non-fundamentally sound stock can do even in the face of generally bull

hope u see cp of fidson pple say it over valued when it stay around N9 for a long time etc

I will still buy UBA than IB. when IB time come i can join at even N40

Like Agba said: "Unchartered Waters" for most stocks(performing and non-performing)

I expect bulls to continue with the banking sector with the big boys dropping results along side interim dividend news still holding the bull for that sector.

Overall, SA in full swing. Expected profit takers around the horizon.


On IntBrew, as against the daily chart posted above, TA-wise, it's going to be a long wait(in the event of no news)seeing that the MA20 just crossed MA50 : MA100 still riding on top all on the WEEKLY CHART.


All man for himself at this point. GUT analysis!

Agbalowomeri:


At least your GTCo is back with a profit

Na so my btother