Nigerian Stock Exchange Market Pick Alerts - Investment (7319)

Nigerian Stock Exchange Market Pick Alerts - Investment (7319) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:28am On Oct 27, 2023

cantiride2:
House is MRS oil plc currently a good buy?

MRS Plc:

Buy, Hold, or Sell Off?

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:36am On Oct 27, 2023

Yoast:
Are we having another TinubuBull over the supreme court ruling?

Market released TinuBull over the last six months. Yesterday verdict already priced into the market. Market now needs to assess unfolding developments on economic growth measured by rising CBN Fx reserves, GDP growth, improved security for Agric etc will be the next set of signals to release bulls or even bears.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:25am On Oct 27, 2023

essentialone:
MRS Plc:

Buy, Hold, or Sell Off?

Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 9:34am On Oct 27, 2023

ogoo4real:
Any news on UCAP

UCAP

A buy/hold/sell position huh

Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 9:58am On Oct 27, 2023

ogoo4real:
UCAP

A buy/hold/sell position

All of the above grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:19am On Oct 27, 2023

Locotrader:
Multiverse result is an improved one.
Japaul will be out tomorrow afternoon/evening.
Solid mineral is another boom in Nigeria.

Japaul is on Full Bid.

What is the Fair Value price of Japaul?

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:27am On Oct 27, 2023

BabsO2:
What a horrible result. What is CADBURY in Nigeria doing with monumental forex loss.
Managed well it should be earning forex from export of value added harvested cocoa from Nigeria. The way PRESCO and OKOMU are doing with harvested palm oil.

Cadbury is the type of company that should be delisted to save local investors from losses due to bad management strategy that looks like zero backward integration/local content.

See results of PRESCO, a company with strategy of exploiting local comparative advantages to create wealth. See how shareholder funds is growing. See how profits are growing.
https://doclib.ngxgroup.com/Financial_NewsDocs/39678_PRESCO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

While useless companies like Cadbury are leaning on oil and gas forex instead of growing their own forex. Cadbury in its Q3 eroded more than two thirds of Shareholder funds due to their bad strategy of not exploiting Nigeria's comparative advantage in Cocoa production.

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:28am On Oct 27, 2023

essentialone:
Japaul is on Full Bid.

What is the Fair Value price of Japaul?

Japaul SHF moved from negative to a solid positive with the Q3 numbers.

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:48am On Oct 27, 2023

BabsO2:
Japaul SHF moved from negative to a solid positive with the Q3 numbers.

Can you take a look at July to sept revenue?
Does it mean there was no business for the period?
I expected the revenue to surpass the previous yr revenue but it retarded.

Anyway, the overall result not bad.There are 2 persons appointed to the board according to the report.I think there is restructuring going on now.Japaul is also expected to rally as I am very much bullish on it.Also my 100% portfolio for now

Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 10:52am On Oct 27, 2023

This Nigeria stock exchange truly get its own mind.

how can you explain that Dangote cement, Presco, Transcorp power and Trasncorp Hotel just released positive results and market is looking the other way in red territory.

wetin dey move this market. Abi na Spiritual thing

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 10:57am On Oct 27, 2023

vacanci:
This Nigeria stock exchange truly get its own mind.

how can you explain that Dangote cement, Presco, Transcorp power and Trasncorp Hotel just released positive results and market is looking the other way in red territory.

wetin dey move this market. Abi na Spiritual thing

They might be trying to shake off weak hands or portfolio rebalancing.

Just do your DD and stick to your findings.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 11:10am On Oct 27, 2023

vacanci:
This Nigeria stock exchange truly get its own mind.

how can you explain that Dangote cement, Presco, Transcorp power and Trasncorp Hotel just released positive results and market is looking the other way in red territory.

wetin dey move this market. Abi na Spiritual thing

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:30am On Oct 27, 2023

Locotrader:
Can you take a look at July to sept revenue?
Does it mean there was no business for the period?
I expected the revenue to surpass the previous yr revenue but it retarded.

Anyway, the overall result not bad.There are 2 persons appointed to the board according to the report.I think there is restructuring going on now.Japaul is also expected to rally as I am very much bullish on it.Also my 100% portfolio for now

Looks like their revenue is not steady. Perhaps business was just low this last quarter. Or the revenue is on the way but they do not want to accrue for it. Only management knows. What is the source of their revenues this year ? That may help in explaining your questions further.

Having 100% of portfolio is a risky bet. However high risk higher rewards. It's OANDO I am betting on at the moment, hoping their SHF will turn positive soon like Japaul's. But i don't think my bet is even up to 5% of my portfolio.

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:34am On Oct 27, 2023

PRESCO giving N2 interim dividend grin

.

https://doclib.ngxgroup.com/Financial_NewsDocs/39672_PRESCO_PLC-BOARD_RESOLUTIONS_CORPORATE_ACTIONS_OCTOBER_2023.pdf

Waiting for announcement of payment date. This one is just letter to notify management has approved an interim dividend payment.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:43am On Oct 27, 2023

BabsO2:
Looks like their revenue is not steady. Perhaps business was just low this last quarter. Or the revenue is on the way but they do not want to accrue for it. Only management knows. What is the source of their revenues this year ? That may help in explaining your questions further.

Having 100% of portfolio is a risky bet. However high risk higher rewards. It's OANDO I am betting on at the moment, hoping their SHF will turn positive soon like Japaul's. But i don't think my bet is even up to 5% of my portfolio.

On a good news or good report, 100% portfolio can serve for 2-4wks.Holding is temporary.

Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 11:45am On Oct 27, 2023

Locotrader:
On a good news or good report, 100% portfolio can serve for 2-4wks.Holding is temporary.

You sure know how to play the game.

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:58am On Oct 27, 2023

Locotrader:
Can you take a look at July to sept revenue?
Does it mean there was no business for the period?
I expected the revenue to surpass the previous yr revenue but it retarded.

Anyway, the overall result not bad.There are 2 persons appointed to the board according to the report.I think there is restructuring going on now.Japaul is also expected to rally as I am very much bullish on it.Also my 100% portfolio for now

No longer caverton....it is well

Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 12:15pm On Oct 27, 2023*

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:15pm On Oct 27, 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/39680_FLOUR_MILLS_OF_NIGERIA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

More reports like this can pull the market down shocked

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:19pm On Oct 27, 2023

Streetinvestor2:
No longer caverton....it is well

Why not leave me alone.Maintain the man you are.
Caverton and Japaul I have pointed already.
Caverton result will be out on 31st.You can act now if you like.
I choose to play 100% portfolio on any stock I cherish most.

5 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:25pm On Oct 27, 2023

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/39680_FLOUR_MILLS_OF_NIGERIA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

More reports like this can pull the market down

Flourmills Plc.

Buy, Sell, or Hold?

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:28pm On Oct 27, 2023

essentialone:
Flourmills Plc.

Buy, Sell, or Hold?

Not a buy for now. Perhaps a hold for some shareholders or a sell for savvy shareholders who have spotted other better accretive opportunities.

Not a buy or sell or hold recommendation. Just a quick take. DD required for actions taken.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:33pm On Oct 27, 2023

BabsO2:
PRESCO giving N2 interim dividend .

https://doclib.ngxgroup.com/Financial_NewsDocs/39672_PRESCO_PLC-BOARD_RESOLUTIONS_CORPORATE_ACTIONS_OCTOBER_2023.pdf

Waiting for announcement of payment date. This one is just letter to notify management has approved an interim dividend payment.

when is Qualification date?

Re: Nigerian Stock Exchange Market Pick Alerts by Perculiar: 12:35pm On Oct 27, 2023

God bless you sir, i do not joke with your recommendations whether i get good or bad return. if my money perish it perish. i believe in your ministry. thank you.

customstreet:
I will try my best to help my colleagues here to identify stock(s) that can make them millionaires and billionaires for those that believes in my recommendation

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:57pm On Oct 27, 2023

Finally, seplat will move today. We done wait tire.

Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 1:03pm On Oct 27, 2023

Locotrader:
Why not leave me alone.Maintain the man you are.
Caverton and Japaul I have pointed already.
Caverton result will be out on 31st.You can act now if you like.
I choose to play 100% portfolio on any stock I cherish most.

Are you indirectly saying your Japaul play will be for a short time so we know what we are dealing with?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:20pm On Oct 27, 2023

Ginalex:
when is Qualification date?

Market is waiting for that information. It has not been released.

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 2:13pm On Oct 27, 2023

essentialone:
. Flourmills Plc. Buy, Sell, or Hold?

Long term not JIJO Holding what is already in the kittty and Buying at every reasonable opportunity it goes down !!. food section (pasta, mill,etc) seem to be sector with huge cash burning rate possibly due to the following factors viz:
a. This seem like some management slip in judgement in terms of financing some of the deals i.e loans, wheat contracts, financing cost, accounting schenanigans etc. This should possibly be figured out in a reasonable timeline ~ a year at least get their act straight to get efficient with the new additional subsidiaries. With a milling capacity almost 3 x that of Bua foods, they can definitely do better than this.

b. New acquisition of portharcourt mill (I want to believe this is the same defunct one held by chagoury group for a while. I stand to be corrected. if that is the case, I will be looking out for more liabilities than what has been disclosed thus far). 55% share from river state govt seem good, not comfortable till it's wholly owned or some time of contractual agreement to up equity to about 75 % after turn around of the flour mill.

c. With this aggressive move in acquisition in the milling section, it seem like the light bulb went up the head huncho to see what is possible if Nigeria market can be properly addressed and in extension neighbouring african market reached with export. It will only make sense to start some level of backward integration plan for wheat, else the loan will meet up with them at some point, and e go too choke!!!!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 2:22pm On Oct 27, 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/39689_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

profit almost 300% compared to 9 months 2022

wow

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:24pm On Oct 27, 2023

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 2:36pm On Oct 27, 2023

Mcy I just want to say thank you on cwg recommendations and others I bid so low but I was surprised about the appreciation before the close of the market. I bidded at 6.94 although didn't get all the quantity I wanted but I am happy with the quantity they got for me.

Thank you in bunches, thank Mr Emma, presco is moving in the right direction as u have predicted.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by hisexcellency34: 2:39pm On Oct 27, 2023

What is cooking in Lafarge Wapco?

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