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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:21pm On Jul 31, 2023 |
Streetinvestor2:IB - Buying cheap NAHCO/NASCON - Profit taking 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:27pm On Jul 31, 2023 |
RichEstate:...if looking for short term profit in the market, better to wait for index to pullback 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 11:33pm On Jul 31, 2023 |
BullBearMkt: Care to recommend a great dividend-paying stock for a medium to long-term hold? |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:33pm On Jul 31, 2023 |
Mpeace: Might drag his brother Okomu to some distance as well |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:36pm On Jul 31, 2023 |
Jenny008: If you are comfortable with dividend that is less than 3% from MTN, then you can go and grab your cake. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 11:50pm On Jul 31, 2023 |
unite4real: So what are you recommending? |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 12:10am On Aug 01, 2023 |
Jenny008: What percentage dividend yield are you hoping for |
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 1:31am On Aug 01, 2023 |
unite4real: MTN’s current yield is approximately 6% and not 3%. |
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 2:37am On Aug 01, 2023 |
Mfunkynation: That's a nice strategy. |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 7:06am On Aug 01, 2023 |
Ades1: is that a fallout from the interim dividend of N5.60 declared days ago? I don't think MTN is fantastic with good dividend except for those with good entry 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by RichEstate(m): 7:17am On Aug 01, 2023 |
Thanks boss Would you like to recommend stocks to look forward to. I understand due diligence is mine to do. I just need second opinion. BullBearMkt: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 7:45am On Aug 01, 2023 |
OBAGADAFFI: There was a huge increase in investing activities and retained earnings increased despite the acquisition or even increased dividend (FY 2021 being referenced). I agree with you sir, it might not be so bad of a performance unless compared to its pair. The three scary highlights for me are: 1. Significant jump in administrative expenses and finance cost - the earlier might be due to increase in personnel size. 2. How deep a grave could the increase in borrowings (non-current, which I believe/assume is not unusual in this line of business) dig for the company with the current outlook of increasing cost of running a business (worsening forex rates, increasing cost of fueling machinery, etc)? 3. The exchange loss reported might be nothing compared to what is expected in the current year. My concern is that many of these companies might have a rough (and maybe disappointing, at least to a surface observer) couple of fiscal periods before we start seeing "impressive numbers". What business would not have a tough time given the current global and local economic events anyway? Times like this will surely come and go; resilience could be a virtue. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:30am On Aug 01, 2023 |
Mpeace: I think Presco has a better growth potential going forward, the company recently acquired SIAT .I think the effects of the acquisition will soon be seen. Summary of Presco performance Revenue increased from N47 billion to N81 billion Gross profit increased from N32 billion to N50 billion Operating profit decreased from N29 billion to N28 billion Earnings Before Interest and Taxes decreased from N29 billion to N27 billion Profit after tax decreased from N19 billion to N13 billion Equity increased from N30 billion to N34 billion Capital Employed increased from N67 billion to N104 billion Net debt increased from N37 billion to N70 billion Net operating cash flow increased from N21 billion to N32 billion Free cash flow increased from N16 billion to N20 billion Return On Equity decreased from 63% to 38% Return On Capital Employed decreased from 43% to 26% Cash Flow Return On Investment was flat at 31% Gross margin decreased from 68% to 62% Operating margin decreased from 62% to 34% Net margin decreased from 40% to 16% Net debt/EBIT increased from 1 year 4 months to 2 years 7 months Net debt/FCF increased from 2 years 4 months to 3 years 6 months. I think Net debt/EBIT of 2 years 6 months or Net debt/FCF of 4 years and below are good enough. Working capital increased from negative N16 billion to a positive position of N7 billion. Presco at N170 and below is a good buy 9 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 9:10am On Aug 01, 2023 |
unite4real: I don't have a specific figure in mind, as I wouldn't want a very high paying dividend stock that may not be suitable for holding in the medium to long term. Instead, I am looking for a stock that strikes a balance of providing a great dividend return while also being equally good for long-term investment |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 9:14am On Aug 01, 2023 |
Jenny008:...sorry, the FA guys will be able to help you with your request 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 9:30am On Aug 01, 2023 |
Jenny008: The market is already up and making a recommendation at this point in time could be productive and or counterproductive. The market could continue on it's upward movement or we could see the bear taking over, nobody could tell. So caution must be exercised. A dividend yield of 10% should be ok in this present market though it is advisable you buy in tranches. Check out zenith Bank and ucap for consideration. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 9:31am On Aug 01, 2023 |
RichEstate:You may want to read through the report I posted yesterday, there are some insights there. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 9:44am On Aug 01, 2023 |
BullBearMkt: Lol, I don't even know what you mean. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 9:45am On Aug 01, 2023 |
Laso09: Many thanks!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:20am On Aug 01, 2023 |
Bargains resumed for DANGSUGAR today..... * NASCON Board approved merger with others...... Dangsugar and DANGRICE... https://punchng.com/nascon-board-approves-merger-with-dangote-companies/ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 10:30am On Aug 01, 2023 |
Jenny008:For good dividend yield and rest of mind. Kindly go for: UCAP @ 13.50, NAHCO @ 15. Banking stocks like GTB, Access and UBA are also good in dividend payments. This banks have been growing their dividend rapidly over the years notwithstanding the market volatility. But if you don't like watching your stock going down anyhow, you can stay away from them. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 10:58am On Aug 01, 2023 |
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Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 11:00am On Aug 01, 2023 |
https://doclib.ngxgroup.com/Financial_NewsDocs/39209_PRESCO_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_AUGUST_2023.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/39210_PRESCO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_AUGUST_2023.pdf good Q1. eps 996k as against 589k. Q2 eps of 1508k against 1347k above results is good enough to sustain the price of Presco when suspension is lifted on trading. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 11:05am On Aug 01, 2023 |
kolaish: United Capital PLC seems like it since it's the second recommendation I am getting. Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:13am On Aug 01, 2023 |
kolaish:Wow. Excellent result. This one will move once nse suspension is lifted |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:14am On Aug 01, 2023 |
kolaish: Great 👍 |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 11:15am On Aug 01, 2023 |
kolaish: I hope dividend is issued all at once: final22 and interim23. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:24am On Aug 01, 2023 |
Mpeace:Is that not the same result some people said was poor here! It is well. Pls @currentprice where are you o..... |
Re: Nigerian Stock Exchange Market Pick Alerts by Jenny008: 11:25am On Aug 01, 2023 |
kolaish: It looks like I am going to go in at 14 NGN, can't find any offer below 14, is N14 a fair price for UCAP? |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 11:30am On Aug 01, 2023 |
Jenny008:Caution! Give it some time. 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:31am On Aug 01, 2023 |
yMcy56:The full year 2022, released earlier today was not too good. They released 2022 result, q1 2023 and q2 2023 today. |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 11:33am On Aug 01, 2023 |
Jenny008: Chief tarry a while and dont be in a hurry when you want to go into the market for medium - long term you just dont dive into the pool in one swoop, instead you go in bit by bit. have a time spread for going in (say a week / two or month) have a price range for the stock you want to buy (say btw 1-1.50) then you execute above with clear diligence and discipline. that would make a more meaningful entry than a dive. my two cents 11 Likes 1 Share |
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