BlissGod:
There is an economic crisis in Nigeria and the worst thing you're advising here is just putting fears on people with naira, Tinubu is clearly clueless about governance. But we don't need panic here please, let's be constructive with reasons, some of us are beginners in this trading stuff. Please give us reasons feasible reasons we should hold on for now. I hope you understand my point.

Apologies if my post made you fearful , it was a response to a question on an alternative asset class . Information abounds in the public space on the current economic crisis for people to make there conclusions . investments in manufacturing, retail , importation and real estate allows me to have a better overview of the economy . I still generate my revenues in naira .i wish everyone well

Let’s return to the business of stocks

megawealth01:
Happy Nigeria... We just hope results can start flowing in with some goodies attached

Hopefully.
QUite some Investors still holding on.......no panic dumping witnessed in market....
Low volumes generally across board...

yMcy56:
DANGSUGAR
From observation, it seems Sugar is already pricing in the result, after release of result, it might not have much impact on the share price again....

NASCON also maintaining share price range because insiders already seen the result....

Generally, market looks down........no news, no result, no updates yet.......once results starts coming in, we may experience a better outlook......just an opinion.

Some results are expected by Feb ending.....

On point in all that you said. Sugar result may not be that good mainly due to forex loss, even though it may not be that huge like the breweries. And again we can see clearly what forex loss did to the account of flourmill, cadbury and others

ndept:
On point in all that you said. Sugar result may not be that good mainly due to forex loss, even though it may not be that huge like the breweries. And again we can see clearly what forex loss did to the account of flourmill, cadbury and others

Well said.
I however have the opinion that NASCON will cover for SUGAR in this scenario.
Just speculations anyway.

Also, if we look at it from the Market's view, there's not much price shedding or dumping in FMN and Cadbury so far......
Maybe the market is considering the revenue much more than the FX loss.....or the FX loss is already priced in??

KarlTom:
DIng!

You no open gate on time today... Seems you don migrate?

To calculate timezone hard small sha

megawealth01:


You no open gate on time today... Seems you don migrate?

I am wondering where else I can obtain a daily price list report with the level of detail this one provides, including the daily high, low, close, open prices, and trading volumes. Unfortunately, when I checked the Morgan report yesterday, it only contained updated information for two stocks.

I dey pay 20k annually for this service ooo.

Prof Aluko and Prof Awojobi were arguably the two most illustrious economists to have ever come out of Nigeria. When they both lived, they never agreed to the same economic direction for the country. All their economic propositions were born out of deep and rigorous thought processes rather than random ideas and offhand comments.

Ositadima2:
I am wondering where else I can obtain a daily price list report with the level of detail this one provides, including the daily high, low, close, open prices, and trading volumes. Unfortunately, when I checked the Morgan report yesterday, it only contained updated information for two stocks.

I dey pay 20k annually for this service ooo.

If you give MorganCapital your email address, they would send it to you everyday.

onegentleguy:


On INTBREW;
Not much to say. A good wine they say...

As I told some folks; many will focus on the SPL and not take cognizance of the recurrent great improvement recorded in the company's SCF and BS position.
Some persons still don't know that a company can record a loss in NOPAT/PAT and still be grossly underpriced.
The key is in the ability to proficiently figure out why there was a loss and how it connects to the holding value/feasible reward in that asset. ...then you can relate your findings to the assets equity price to draw a sound judgement.

There are pros and cons with the expected share capital reduction exercise (ref: reduction in nominal value by a factor of 25x) in between the planned RI.
I know most folks will focus on the cons and fail to efficiently benchmark it against the undisputably much better pros. Am hoping that more persons will sell off their holdings, so price can drop a bit more.

The coys PV action (TA in view) will be a great guide. ...I like the current set-up/structure.
I will strongly advice you never to downplay the efficacy of using technical analysis.
As always; FA is great, but supplementing it with SA and especially TA is even better!

There's an extremely high probability that at least 88% of the things I foresee for that coy (INTBREW) will eventually play out.
...that asset will gift some folks (including you) a lot of money.

Get a trailer load.... HOLD!

CAVEAT: I recently had migraine and the doctor attributed it to too much analysis. This might just be the consequence of his postulation.
NOT to be inferred as any sought of investment advice!
Selah

yMcy56:

Well said.
I however have the opinion that NASCON will cover for SUGAR in this scenario.
Just speculations anyway.

Also, if we look at it from the Market's view, there's not much price shedding or dumping in FMN and Cadbury so far......
Maybe the market is considering the revenue much more than the FX loss.....or the FX loss is already priced in??

Yes to some extent you are right.
The way to the issue of Fx loss on coys that already declared their financial print is to see it as a one-off, but at the same time project how the degree/impact of probable future loses, if any, measures against the company's earnings capacity. Put differently, see how inherent but weighted risk compares to feasible reward. (earnings sustainability in view)
An EPA and/or AB/RI valuation model can be used.

Just the same way you would want to probe a coys earnings quality and set aside any huge gains (consider it a one-off) if and where the degree or measure of consistency of such gain is questionable or unsustainable.
The price of an asset is oftentimes the present value of its future cash flow so essentially, all you need do is see how the company's peculiar situation takes away from future cash flow generating capacity. ...then you can appropriately assign an intrinsic value to the asset. How?
3 KEY lines;
1) Revenue margin
2) Cost efficiency
3) Risk management

If the said coy have improved on or has set in motion an effective business management framework to improve on those 3 lines, then the assets projected EQ/EM, AsQ/AsY will still witness higher growth ahead of the draw-back from that one-off situation.
Of course there are a few other things you need to extrapolate from the company's financial statement to draw a proficient and efficient conclusion.

Coys like WAPCO, INTBREW, UNILEVER and CADBURY perfectly fits the bill! ...which is why they remain grossly underpriced irrespective of the draw-back from Fx-related loses.
The last 3 names has done the necessary things particularly the 3rd line.

I smile when I see how some persons interpret fundamentals. I recently read a post where someone asserted (clearly erroneously) that the planned share capital reduction exercise by INTBREW will bring about a dilution.
But I understand why he made the post and what he was trying to achieve. Like him, I also desire the same thing. (see parts in italics from post above)

It's no longer news that I love Mr TIME.
He always has a way of setting matters straight and putting things in their right perspective.
He's the only approved tool that the market uses to tell us that he alone is always right! (and not anyone of us)

It is well

kolaish:
As for the naira/dollar discussion, it is relative and has much to do with where you are coming from, and your current position. For example, from 1st January 2023 till 30 January 2024, my portfolio in stocks appreciated by 384%. During same period (January 2023 - 30 January 2024) the dollar appreciated by less than 200% (from around N700/$ to N1,500/$). So, with this narrative, I am better with my stock investment than being on dollar holding.

Moving forward, the dollar is now selling @ N1,600/$, and the highest price I see the dollar in January 2025 is N3,000/$, which is less than 100% appreciation. The crucial question to ask is, if one can make more than 100% appreciation in its portfolio between now and January 2025. As for me, I think I can make it. So, I don't need any dollar investment for now.

* dollar rate quoted is more of black market rate

We should arrive at $1 - NGN3,000 by summer 2024.

2025 we should be looking at above 5,000 with this level of cluelessness from FG.

If you want to know how bad it is...the politician you are hoping to do the right thing is also calling mallam to load USD

BHG:


If you give MorganCapital your email address, they would send it to you everyday.

They send it every day, but yesterday I didn't receive it. So I went to their trading platform to download it. The one I downloaded is what I posted.

onegentleguy:




The way to the issue of Fx loss on coys that already declared their financial print is to see it as one-off, but project how the degree/impact of future loses, if any, measures against the the company's earnings sustainability. (an EPA AB/RI valuation models can be used)

Just the same way you would want to probe a coys earnings quality and set aside any huge gains (consider it a one-off) if and where the degree or measure of consistency of such gain is questionable or unsustainable.
The price of an asset is oftentimes the present value of its future cash flow so essentially, all you need do is see how the company's peculiar situation takes away from future cash flow generating capacity. ...then you can appropriately assign an intrinsic value to the asset. How?
3 KEY lines;
1) Revenue margin
2) Cost efficiency
3) Risk management

If the said coy have improved on or has set in motion an effective business management framework to improve on those 3 lines, then the assets projected EQ/EM, AsQ/AsY will still witness higher growth ahead of the draw-back from that one-off situation.
Of course there are a few other things you need to extrapolate from the company's financial statement to draw a proficient and efficient conclusion.

Coys like WAPCO, INTBREW, UNILEVER and CADBURY perfectly fits the bill! ...which is why they remain grossly underpriced irrespective of the draw-back from Fx-related loses.
The last 3 names has done the necessary things particularly the 3rd line.

I smile when I see how some persons interpret fundamentals. I recently read a post where someone asserted (clearly erroneously) that the planned share capital reduction exercise by INTBREW will bring about in dilution.

But I understand why he made the post and what he was trying to achieve. Like him, I also desire the same thing. (see parts in italics from post above)

It's no longer news that I love Mr TIME.
He always has a way of setting matters straight and putting things in their right perspective.
He's the only approved tool that the market uses to tell us that he alone is always right! (and not anyone of us)

It is well

TIME and PATIENCE

kolaish:
As for the naira/dollar discussion, it is relative and has much to do with where you are coming from, and your current position. For example, from 1st January 2023 till 30 January 2024, my portfolio in stocks appreciated by 384%. During same period (January 2023 - 30 January 2024) the dollar appreciated by less than 200% (from around N700/$ to N1,500/$).
So, with this narrative, I am better with my stock investment than being on dollar holding.

Moving forward, the dollar is now selling @ N1,600/$, and the highest price I see the dollar in January 2025 is N3,000/$, which is less than 100% appreciation. The crucial question to ask is, if one can make more than 100% appreciation in its portfolio between now and January 2025. As for me, I think I can make it. So, I don't need any dollar investment for now.

* dollar rate quoted is more of black market rate

Actually, the part in bold is less than 115% return.

You are doing well!

You know it's really funny how some persons seem to agree that certain select Naira assets are underpriced yet should be avoided, but forget that the Naira (though fairly priced at current Fx levels) already has more "asset-backed weighting".
They seem to forget or should we say properly interpret the relationship between a weakening Fx rate environment, Rising inflation/high interest rate and Naira asset pricing.

Even in the midst of every drawback, there are assets that will benefit from it. It's the reason an OPPORTUNITY will oftentimes "disguise itself" and hide behind an obstacle.

I don't have strength for long epistle.

In the end, some persons will make money off the current market correction while some will learn from it.
Those who subscribed to my outline/recommendations and investment guide--Series 2 know what they ought to do.

Regards.

*Just thinking*

Who is looking for dollar to import what exactly at these ever increasing custom rates and for who to buy?

Clearly everyone is just converting their savings(if they have any) into dollar

When all these assets should be going into the stock market for export-exposed coys and utilities(expecting subsidy removal).


Yet again, you can't blame the average Nigerian for refusing to trust the government when the latter has consistently failed to lead.

My dollar assets are doing well likewise my naira assets. I will not be switching currency lanes.

Its now a game of trust- the government has to win that.

Please, I need help on how to claim dividends for stocks bought from different companies in 2008 and also for my mom. Please, I need to know how to go about it.

Becoted001:
Please, I need help on how to claim dividends for stocks bought from different companies in 2008 and also for my mom. Please, I need to know how to go about it.

Since you mentioned 2008 I guess you bought during the public offer boom in the market.

You will need to contact the registrar of the companies where you have holdings. Note one registrar can be in charge of more than one company and this will make the process easier and faster.
After you identify the registrar, complete the e-dividend mandate form and mail it to them, if you are in Lagos you can visit their physical office with your means of identification.

If you still have those shares in paper certificates, you will need to demat them and that will help you get any outstanding bonuses for those companies that declared bonuses then.

Chat/call me with the details on my signature if you need further details.

In the past 5 years till date, which stock should earn the badge of Overall Worst Company to invest in?🤔

essentialone:
In the past 5 years till date, which stock should earn the badge of Overall Worst Company to invest in?🤔

NOTORE

Deadlytruth:
NOTORE

Honestly!
It's been a bad investment since it was listed. I learnt the issue came from the listing price coupled with illiquidity

AUSTINLAZ too....I don't even know what they sell....

UNION DICON SALT....At some point I was even thinking Dangote will buy this one as well.

OK oo. So here's AUSTINLAZ FYE report...
https://doclib.ngxgroup.com/Financial_NewsDocs/40358_AUSTIN_LAZ_AND_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2024.pdf

yMcy56:

Honestly!
It's been a bad investment since it was listed. I learnt the issue came from the listing price coupled with illiquidity

AUSTINLAZ too....I don't even know what they sell....

UNION DICON SALT....At some point I was even thinking Dangote will buy this one as well.

OK oo. So here's AUSTINLAZ FYE report...
https://doclib.ngxgroup.com/Financial_NewsDocs/40358_AUSTIN_LAZ_AND_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2024.pdf

Deadlytruth:

NOTORE

Notorious

Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Hahaha.....Wetin happen for Hiroshima will be child's play if this happen. And make sure say you secure third mainland bridge well cos casualties go high.

essentialone:
In the past 5 years till date, which stock should earn the badge of Overall Worst Company to invest in?🤔

UNION DIAGNOSTICS

They raised ₦1.85 per share from investors in 2007 only to return ₦0.35 per share in 2021 and delist the company from NSE (After investing in choice real estate locations).

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Price Control can't work when you are facing acute scarcity of the product. The major problem is we don't have good inflow of dollars. The demand outstrips the supply in multiple folds. Hence wise speculators are filling their wallets to the brim.

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Fixed exchange rate does not work by fiat, it can only work when the government has a robust reserves to play with and can be easily used to defend the home currency.
For now, our reserves is almost nil and so we don't have the dollar to defend the naira.
I don't think we have a choice than floating the naira, thought it is very unfortunate that speculators have hijacked the whole process and make it messy.

I don't envy tinubu and cardoso at this point.
It is a tough one.

essentialone:
Two urgent remedy to Nigeria's economic downturn. May not be the best but needed urgently.

1. Announce the Pegging of the official rate of USD at N500

2. Announce the Pegging of Fuel pump price at N200

Free float does not work in a society where the larger percentage of the people, is driven by Greed.

Is this a joke? Everyone will simply sell of their naira for dollar at 500.
We are unable to sustain 1500/$ but you want 500/$. Everyone will quickly speculate, I’ll sell off all my naira investments and hold dollar cos I know the peg won’t be sustainable.

GSK, after the payment, what next. I thought that by now it would have been removed from investors CSCS accounts. Abi they leave am there for the remaining small payments.

Olaide1295:

Is this a joke? Everyone will simply sell of their naira for dollar at 500.
We are unable to sustain 1500/$ but you want 500/$. Everyone will quickly speculate, I’ll sell off all my naira investments and hold dollar cos I know the peg won’t be sustainable.

Why will the peg not be sustainable?

Make no mistake about it. The only work of Stockbroker is to earn commission from you whenever you sell or buy stocks.