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Nigerian Stock Exchange Market Pick Alerts - Investment (7642) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 6:18pm On Mar 05
I was able to buy tashere T-Power today at 290. We must make this money this year. Amen fire!!!. Also bought more sugar and salt at bargain today

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by delvzy(m): 8:34pm On Mar 05
Nah to just stick with the little Afolabi shares I get for TRANSCORP. No need to rush as long as the parent coy no dey reduce her holdings in the POWER arm.

A word of advice to newbies on this forum is to go back to the very first page of this forum and follow through. 50% of your questions can be answered by just doing due diligence to go through past comments.

Even till this day I still backtrack to refresh myself on some OG bants 🤣

What you have in this forum is a gold mine that rewards the PATIENT.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by delvzy(m): 8:36pm On Mar 05
Coolcash1:


No sir. It is still expensive.

Me and my household won't touch it until its below N90 grin

For this jungle weh we dey na to average down. MTN just getting cheaper till fundamentals says otherwise.

Nah GAMBU play I dey do 🤣🤣
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 9:01pm On Mar 05
MTN may still have another FX loss in Q1 result, the FY account used 900/$, and now $ is above N1,500.

delvzy:


For this jungle weh we dey na to average down. MTN just getting cheaper till fundamentals says otherwise.

Nah GAMBU play I dey do 🤣🤣

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:15pm On Mar 05
Boshins:
https://nairametrics.com/2024/03/05/these-are-the-shareholders-of-newly-listed-transcorp-power-plc/ the breakdown...
The maths in this article is wrong.TPl has Os of 40 billion. How does 3.9 billion translate to 500 plus unit


It should be round 97 TPP units tnoo 1000 Transcorp plc
Re: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 9:34pm On Mar 05
phadriz:
MTN may still have another FX loss in Q1 result, the FY account used 900/$,and now $ is above N1,500.


This !!!! is what most persons buying now don't know. The price will tank further when Q1 reports show. Q1 reporting exchange rate can't be less than 1$/1300 (i.e. another N400 FX drawdown).

The CFO even mentioned during his interview, that Telcos can't easily push down those costs to consumers in the manner they want; because of NCC regulations on pricing.

Why buy now, when you can buy it cheaper. Be ready to average down if you've already bought.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Emeka1441: 10:07pm On Mar 05
Emndy:


This !!!! is what most persons buying now don't know. The price will tank further when Q1 reports show. Q1 reporting exchange rate can't be less than 1$/1300 (i.e. another N400 FX drawdown).

The CFO even mentioned during his interview, that Telcos can't easily push down those costs to consumers in the manner they want; because of NCC regulations on pricing.
Would this happen to dansugar and nascon too?
Why buy now, when you can buy it cheaper. Be ready to average down if you've already bought.
Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 10:38pm On Mar 05
I intend buying it, but the moment the CFO mentioned that, it is a caution for me. He even said govt need to safe the FX as the main solution because MTN is efficient in their operations.

Emndy:


This !!!! is what most persons buying now don't know. The price will tank further when Q1 reports show. Q1 reporting exchange rate can't be less than 1$/1300 (i.e. another N400 FX drawdown).

The CFO even mentioned during his interview, that Telcos can't easily push down those costs to consumers in the manner they want; because of NCC regulations on pricing.

Why buy now, when you can buy it cheaper. Be ready to average down if you've already bought.
Re: Nigerian Stock Exchange Market Pick Alerts by Emeka1441: 10:48pm On Mar 05
phadriz:
I intend buying it, but the moment the CFO mentioned that, it is a caution for me. He even said govt need to safe the FX as the main solution because MTN is efficient in their operations.

the problem is not buying.. but the problem is.. will they recover?
Re: Nigerian Stock Exchange Market Pick Alerts by jadyclem(m): 11:06pm On Mar 05
Ginalex:
I was able to buy tashere T-Power today at 290. We must make this money this year. Amen fire!!!. Also bought more sugar and salt at bargain today

Hi
Please which app do you use to buy Nigerian stocks?
Re: Nigerian Stock Exchange Market Pick Alerts by Choiceguy: 11:24pm On Mar 05
Deadlytruth:


Hmmmm. Then we can as well call it Champion Power. Wahala dey berekete for this NGX grin

But on a more serious note, I too am still hunting for more of that champion and will hold until second quarter at which they said the buy over will be completed.

Second quarter is still far,let see how Oando goes,wale tinubu must settle us. my father bought the share and told me that he believe so much in wale and handed the share to me and promise me that I will sell it above #50 grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 11:41pm On Mar 05
jadyclem:


Hi
Please which app do you use to buy Nigerian stocks?
CardinalStone securities. I use their app for my NGX trades
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:33am On Mar 06
Streetinvestor2:
The maths in this article is wrong.TPl has Os of 40 billion. How does 3.9 billion translate to 500 plus unit


It should be round 97 TPP units tnoo 1000 Transcorp plc
187 Units of Tpower to 1000 units of transcorp

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by bolton08(m): 5:29am On Mar 06
phadriz:
I intend buying it, but the moment the CFO mentioned that, it is a caution for me. He even said govt need to safe the FX as the main solution because MTN is efficient in their operations.


According to the CFO interview, high FX rate was not what culminated into MTN 2023 loss. Rather, it was instability in exchange rate which means the company financial plan was distorted because the naira devaluation happened in the middle of the year 2023.

He said if the FX rate is fixed eventhough high, the company can do its plan with it and make profit.

I believe MTN will factor in FX volatility in their 2024 business plan and cash flow because of its awareness. The policy came mid 2023 and distrupted many business plans

So MTN might most likely have a positive Q1 result cos its business plan would have factored in FX volatility and every business plans to profit.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 5:45am On Mar 06
A few metrics that stood out to me about the Afriprud result:

-Very marginal decrease in gross earnings, (greater chunk contributed by non-operating income as in the previous year)
-Free cash flow per share: N2.09k (represents a marginal increase)
-EPS: 48k from 75k
-Cash reserve per share: N2.63k from N0.425k
-An increase in foreign portfolios by 3-fold both in investment size and portfolio counts.

Paying 45k seems very affordable and responsible of the management.
It is good to see a not-so-damaging direct effect of forex. The company has also mastered how to grow its non-operating income.
This is me just trying to see the positives in the midst of reds and negative summaries.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by delvzy(m): 5:55am On Mar 06
The range of 160-180 is where I will be looking to average down if I have any interest in MTN’s recovery.

On the Macro side, we wait for Q1 results at least before committing reasonable Afolabi units.

P.S.; NOT FINANCIAL ADVICE. Do your Research!
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:16am On Mar 06
mails4funshi:


With this shareholding structure, should TRANSCORP be worth less than 50% of TRANSPOWER?

This assumes TransAfamPower does not exist and neither does the other subsidiaries of Transcorp.

In 2021 Transpower delivered half of the power contributions to Transcorp PLC profit before tax. The other half must have come from TransAfamPower.

Transcorp Plc has hidden values shocked.

Not a buy advice. Do your DD.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 8:20am On Mar 06
Emeka1441:
the problem is not buying.. but the problem is.. will they recover?

They will from Q2
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:54am On Mar 06
I just siddon here dey drink my garri Ijebu. Una go meet me for carpark after una don finish dealing one another blow😂
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 9:07am On Mar 06
I need your garri plug.
E be like the garri no dey ever finish... grin

Agbalowomeri:
I just siddon here dey drink my garri Ijebu. Una go meet me for carpark after una don finish dealing one another blow😂
Re: Nigerian Stock Exchange Market Pick Alerts by Bimmms: 9:17am On Mar 06
Does Morgan capital have a trading app on phone ? Preferable iPhone , I tried downloading it yesterday , couldn’t find any
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 9:26am On Mar 06
Agbalowomeri:
I just siddon here dey drink my garri Ijebu. Una go meet me for carpark after una don finish dealing one another blow😂

You are badt guy why not allow us enjoy the dead cat bounce in peace grin
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:30am On Mar 06
Mpeace:
187 Units of Tpower to 1000 units of transcorp
How did you arrive at that.it is about 3.8 billion to transcorp and not all
Re: Nigerian Stock Exchange Market Pick Alerts by Nairalander640(m): 9:31am On Mar 06
Bimmms:
Does Morgan capital have a trading app on phone ? Preferable iPhone , I tried downloading it yesterday , couldn’t find any
This is for newbies and those who want to learn stock trading

https://us02web.zoom.us/webinar/register/WN_ra2JBoApR5Woki9IKOpIAw

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:00am On Mar 06
Ding! wink grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:16am On Mar 06
Streetinvestor2:
How did you arrive at that.it is about 3.8 billion to transcorp and not all
Sorry my error. I used the entire transpower share. It should be around 94 or there about. Thanks for noticing.
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 10:32am On Mar 06
TRANSCORP...that single bid of 66m units ,money is talking..

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:34am On Mar 06
Princkez:
TRANSCORP...that single bid of 66m units ,money is talking..
Lol. That one na road block. Anybody wey dey under/after that bid can only pray or comeback tomorrow

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:37am On Mar 06
Salt still dey fall lol. Some people go sell and comeback to buy high.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:38am On Mar 06
Only the patient and the brave... grin

Mpeace:
Salt still dey fall lol. Some people go sell and comeback to buy high.
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 10:42am On Mar 06
Mpeace:
Salt still dey fall lol. Some people go sell and comeback to buy high.

The qualification date for salt simply means that there won't be any merger before May, why tie down your capital when you can sell now and come back in May?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 10:46am On Mar 06
Zegra:


The qualification date for salt simply means that there won't be any merger before May, why tie down your capital when you can sell now and come back in May?
This fall is presenting very good opportunity

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