Nigerian Stock Exchange Market Pick Alerts - Investment (8342)

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Re: Nigerian Stock Exchange Market Pick Alerts by jckgroup1(m): 8:24pm On Oct 26, 2024

megawealth01:
If you have spare cash just get into UNITY BANK immediately they get off suspension at 1.5+ you won't regret it... Although many of us bought crazily low anyways

DD as always

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:24pm On Oct 26, 2024

phadriz:
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota.
I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta.

Oga I no get time to play politics here.I am talking as I business man with plenty experience. The forex loss you saw from companies are classified into two;realised and unrealised. Going forward they will get out of it via different ways which the company may adopt. It may happen in a year or go beyond. Trade Surplus is when export is more than import. Which is bond to happen. Nigerians are already keying into it to make dollars because of high value it brings home.And importation is decreasing because the goods will be to expensive to sell here.It is happening
already. Everyone is now looking for what to send abroad to earn dollars. Ghana is making heavy money in yam business. Many Nigerians are now moving agricultural produce abroad even vegetables .The cancellation of the ministry will do nothing. The most important thing thr was nddc which has never lived up expectation for the people of the state concerned.
Oga if na politics you dey see.pls ignore my post.i no get that time.
I didn't ask you to invest in the stock market.Go put your money whr makes you comfortable.
How many q3 results have you even checked

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by designking: 9:41pm On Oct 26, 2024

Ginalex:
is there an actual increase in buying power in real term? Your guess is as good as mine

Yes for sure. Somebody earning ₦35,000 in September and his salary increased to ₦75,000 in October should be able to buy more food items.

He simply have more funds and higher purchasing power.

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 9:42pm On Oct 26, 2024

phadriz:
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota.
I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta.

Street Investor is right to a degree....

This does not mean the tinubu leadership is not useless, incompetent and dull

Its just what it is......
That one time shock of sharp decline in the naira value is done and dusted, companies have recalibrate for the most part, and they may even start realising small small forex losses so they will be over and done with

NB is doing their rights issue to restructure their debt obligations and start on a new slate and when this is done, their balance sheet will make sense

However @Streetinvestor2
Don't be too optimistic sha
we are looking at Q3/Q4 2025 before this dust really settles

And let's hope Tinubu doesn't do something stupid again between now and 2025....
Let's just be moving like this, or moving for better

It's high stakes game which can reap bountiful rewards in the NGX...

That's why I am betting a huge chunk of my discretionary income on Nestle, Airtel, MTN N,and even NB and Guiness
Though the first three is taking a huge chunk

2 years max, and rhe forex thing behind us, they will be back again
my thoughts

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 9:45pm On Oct 26, 2024

designking:
Yes for sure. Somebody earning ₦35,000 in September and his salary increased to ₦75,000 in October should be able to buy more food items.

He simply have more funds and higher purchasing power.

Actually..... not quite

Demand pull inflation is a thing
And Nigeria is weird because we suffer from both the demand pull and the cost push simultaneously in almost equal (destructive) fashion

Forex stability and improvement in security in the north can help nail the cost push element (esp for food staples and all that raw materials)
Customs slashing or even abolishing most of the tariffs they are charging goods will also ease some cost push pressures

But you see the demand pull own (increment in salary)
God will help us on that one (and I am not even religious)

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 10:06pm On Oct 26, 2024*

designking:
Yes for sure. Somebody earning ₦35,000 in September and his salary increased to ₦75,000 in October should be able to buy more food items.

He simply have more funds and higher purchasing power.

And food prices are being held constant by Amadioha right grin

? Price of a bag of rice 3 weeks ago was 85k, today it's 105k. When minimum wage was 19,800 bag of rice was 6k hope you know? Who's better off in this case? The person earning 19,800 when rice was 6k per bag or the person earning 75k when a bag of rice is 105k

6 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:06pm On Oct 26, 2024*

RodgersAkpafu:
Street Investor is right to a degree....

This does not mean the tinubu leadership is not useless, incompetent and dull
my thoughts

.You are perfectly in order on this statement. The government is so corrupt and useless. All businesses will recalibrate and move on.Some are already showing it in thr q3 results. Unless you are telling me that these businesses are going to close shop.Many will transfer the cost to customers going forward and life goes on.The government is already promising reduction in cooperate tax and other incentives. Companies are already transferring the cost by reducing the quantity in a product and increasing price join.

The stocks you mentioned are already in thr own bear season. So what do anyone else expect to happen in the future when they find thr way out of the main wahala being forex loss.It won't pass next yr and government will allow telecoms to increase tariff. ALL they need now is to cause serious disruption in thr services and blame it on poor revenue to invest in thr infrastructure

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 10:26pm On Oct 26, 2024

Do you think I'm also discussing politics as well? Moreover, political risk also need to be considered in a business environment. I only told the effect of govt policy on oil production. Either realised or unrealised loss, they are obligations that must be fulfilled. The only thing that will make the unrealised loss wipe away is for the rate to go back to what it was which is impossible. A company incurred a $ debt when rate was 700 and now it is over 1,700, by the time they are paying the debt the loss will be realised loss. Most manufacturing company will have negative cash flow next year and some will default in redemption of CP they issued this year.

Streetinvestor2:
Oga I no get time to play politics here.I am talking as I business man with plenty experience. The forex loss you saw from companies are classified into two;realised and unrealised. Going forward they will get out of it via different ways which the company may adopt. It may happen in a year or go beyond. Trade Surplus is when export is more than import. Which is bond to happen. Nigerians are already keying into it to make dollars because of high value it brings home.And importation is decreasing because the goods will be to expensive to sell here.It is happening
already. Everyone is now looking for what to send abroad to earn dollars. Ghana is making heavy money in yam business. Many Nigerians are now moving agricultural produce abroad even vegetables .The cancellation of the ministry will do nothing. The most important thing thr was nddc which has never lived up expectation for the people of the state concerned.
Oga if na politics you dey see.pls ignore my post.i no get that time.
I didn't ask you to invest in the stock market.Go put your money whr makes you comfortable.
How many q3 results have you even checked

Re: Nigerian Stock Exchange Market Pick Alerts by Bagwa: 10:27pm On Oct 26, 2024

16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

20 Likes 6 Shares

Re: Nigerian Stock Exchange Market Pick Alerts by designking: 10:35pm On Oct 26, 2024

Bagwa:
16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

The list looks perfect except the Oando inclusion.

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 10:37pm On Oct 26, 2024

All these your points can only work in an economy where people have a strong purchasing power. How many people can buy malt for 1k in Nigeria? You said the companies have started overcoming their problems as if the only issue is FX. They have increase in energy cost, employee cost, additional taxes like excise duty is about to be introduced. Yet you believe with that companies bottom line will improve. Do you see the recent result of Unilever?

I'm not saying you should accept my view. I only remind you not to be too optimistic because there are so many uncertainties in Nigeria.

Streetinvestor2:
.You are perfectly in order on this statement. The government is so corrupt and useless. All businesses will recalibrate and move on.Some are already showing it in thr q3 results. Unless you are telling me that these businesses are going to close shop.Many will transfer the cost to customers going forward and life goes on.The government is already promising reduction in cooperate tax and other incentives. Companies are already transferring the cost by reducing the quantity in a product and increasing price join.

The stocks you mentioned are already in thr own bear season. So what do anyone else expect to happen in the future when they find thr way out of the main wahala being forex loss.It won't pass next yr and government will allow telecoms to increase tariff. ALL they need now is to cause serious disruption in thr services and blame it on poor revenue to invest in thr infrastructure

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:44pm On Oct 26, 2024*

phadriz:
Do you think I'm also discussing politics as well? Moreover, political risk also need to be considered in a business environment. I only told the effect of govt policy on oil production. Either realised or unrealised loss, they are obligations that must be fulfilled. The only thing that will make the unrealised loss wipe away is for the rate to go back to what it was which is impossible. A company incurred a $ debt when rate was 700 and now it is over 1,700, by the time they are paying the debt the loss will be realised loss. Most manufacturing company will have negative cash flow next year and some will default in redemption of CP they issued this year.

ok like which manufacturing companies so that we can start checking from thr q3 results being expected

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:47pm On Oct 26, 2024

phadriz:
All these your points can only work in an economy where people have a strong purchasing power. How many people can buy malt for 1k in Nigeria? You said the companies have started overcoming their problems as if the only issue is FX. They have increase in energy cost, employee cost, additional taxes like excise duty is about to be introduced. Yet you believe with that companies bottom line will improve. Do you see the recent result of Unilever?

I'm not saying you should accept my view. I only remind you not to be too optimistic because there are so many uncertainties in Nigeria.

what did you see in the results of Unilever

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:51pm On Oct 26, 2024

designking:
The list looks perfect except the Oando inclusion.

He dey hustle him market na grin

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 10:55pm On Oct 26, 2024

phadriz:
All these your points can only work in an economy where people have a strong purchasing power. How many people can buy malt for 1k in Nigeria? You said the companies have started overcoming their problems as if the only issue is FX. They have increase in energy cost, employee cost, additional taxes like excise duty is about to be introduced. Yet you believe with that companies bottom line will improve. Do you see the recent result of Unilever?

I'm not saying you should accept my view. I only remind you not to be too optimistic because there are so many uncertainties in Nigeria.

I agree with your last paragraph
Cautious optimism should be the balance

Not dark pessimism, or happy go lucky optimism
One factor you should consider is that the diaspora remittances is augmenting the incomes of millions of families in Nigeria
That will definitely have a positive impact (autonomous consumption) in the Nigerian economy.
The multiplier effect of >$25billion annually in Nigeria cannot be understated in any way
I don't know any Nigerian here who is not sending money in one way or the other back to ppl in Nigeria, so that's a thing

Whether that's a good thing or not is another argument, but it is what it is
The consumption pattern of Nigeria defies conventional economic logic, and that is why I still have some sort of optimism despite Bulaba doing bulaba things bulaba style

What of the big ballers in Nigeria?
They will also consume as well na lol grin

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 10:56pm On Oct 26, 2024

Bagwa:
16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

Nice

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:15pm On Oct 26, 2024

Diaspora remittance? 😂

Okay sir

RodgersAkpafu:
I agree with your last paragraph
Cautious optimism should be the balance

Not dark pessimism, or happy go lucky optimism
One factor you should consider is that the diaspora remittances is augmenting the incomes of millions of families in Nigeria
That will definitely have a positive impact (autonomous consumption) in the Nigerian economy.
The multiplier effect of >$25billion annually in Nigeria cannot be understated in any way
I don't know any Nigerian here who is not sending money in one way or the other back to ppl in Nigeria, so that's a thing

Whether that's a good thing or not is another argument, but it is what it is
The consumption pattern of Nigeria defies conventional economic logic, and that is why I still have some sort of optimism despite Bulaba doing bulaba things bulaba style

What of the big ballers in Nigeria?
They will also consume as well na lol

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 11:24pm On Oct 26, 2024

phadriz:
Diaspora remittance? 😂

Diaspora remittance? FYI some diasporian are selling their properties in Nigeria to use as mortgage deposit abroad. They build wealth abroad because there is limit to what you can make, tax will make you not to over work yourself, unlike Nigeria that you can become billionaire overnight. Remittance from abroad is only for people to survive. People sending home didn't increase the $ equivalent e.g someone who give his parent £100 monthly will send in 100k in May 2023, but now he will send in 220k or more.

Okay sir

you are right

but it still props the consumption base, which companies on the ngx need to stay afloat
And that's important
Without the hundreds of billions of inbound remittances, Nigerian economy works have been in dire straits

In my last year in the bank before I left (fled tongue

) the country, I know how much we made from that business segment
I also know the turnover
and that was just one bank

I wouldn't dismiss its contributions, regardless of your correct assertion that it is "survival money"

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 11:40pm On Oct 26, 2024

Streetinvestor2:
This my friend. Why you too like corruption. Why are you interested in shareholders structure now.You are looking to see how manipulation of the shares price can happen going forward. Why you no dey look for organic growth in the share price based on performance. You be real hustler

How does shareholders structure affects share price or movement?

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:41pm On Oct 26, 2024*

phadriz:
Diaspora remittance? 😂

Okay sir

You have not answered my two questions
What manufacturers companies
What did you see in Unilever results
You wrote balablu on what you deleted. The people sending money from abroad to nigeria is a big plus as naira loses value.. The person will still send £100 and not 220k.It looks you are falling my hand oh.And people I know sending money from abroad home is for buying real estates mostly land.This is why land prices are sky rocketing in se major cities

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mrwhite09: 11:42pm On Oct 26, 2024

emmaodet:
How does shareholders structure affects share price or movement?

fvck u

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:50pm On Oct 26, 2024

emmaodet:
How does shareholders structure affects share price or movement?

Why is it easy for ote to manipulate his power company price.If you keep open mind you will understand why my friend is asking. It makes the work easy if you want to perform magic with the price of a company with very little free float .
Imagine when 90% of the shares are already caged directly or indirectly

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:52pm On Oct 26, 2024

Mrwhite09:
fvck u

why this or it is a mistake

Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 11:55pm On Oct 26, 2024

Streetinvestor2:
Why is it easy for ote to manipulate his power company price.If you keep open mind you will understand why my friend is asking. It makes the work easy if you want to perform magic with the price of a company with very little free float .
Imagine when 90% of the shares are already caged directly or indirectly

Ohhh.
Okay.
Thanks for the explanation

Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 12:42am On Oct 27, 2024

RodgersAkpafu:
I'm not too sure of a Trump win anyways
But let's not derail this thread sha
Just wanted to put that out

However this election uncertainty have opened up opportunities in the American Market
The derivatives market will really run wild next week, and I have even taken a few positions myself
People will smile over the course of next month

Which ones are derivative markets?

Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 4:49am On Oct 27, 2024

designking:
At the basic level, the current minimum wage increase will mean more buying power for workers across the nation. This will increase the turnover of most FMCG and the banks.

The new wage increase means an additional ₦4trillion from the FG, another ₦5trillion from state government and ₦10trillion from the private sector.

This is a lot of money entering the economy

Please care to explain how private sector is bringing 10 trillion into the economy?
Just learning

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:05am On Oct 27, 2024

Ginalex:
And food prices are being held constant by Amadioha right ? Price of a bag of rice 3 weeks ago was 85k, today it's 105k. When minimum wage was 19,800 bag of rice was 6k hope you know? Who's better off in this case? The person earning 19,800 when rice was 6k per bag or the person earning 75k when a bag of rice is 105k

Any salary increase that's not up to 400% is negative. In the last four years, most prices have more than quadruple

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by atigro(m): 6:42am On Oct 27, 2024

I appreciate this. Let others follow in the same light. Cheers

Bagwa:
16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 7:02am On Oct 27, 2024

RodgersAkpafu:
I agree with your last paragraph
Cautious optimism should be the balance

Not dark pessimism, or happy go lucky optimism
One factor you should consider is that the diaspora remittances is augmenting the incomes of millions of families in Nigeria
That will definitely have a positive impact (autonomous consumption) in the Nigerian economy.
The multiplier effect of >$25billion annually in Nigeria cannot be understated in any way
I don't know any Nigerian here who is not sending money in one way or the other back to ppl in Nigeria, so that's a thing

Whether that's a good thing or not is another argument, but it is what it is
The consumption pattern of Nigeria defies conventional economic logic, and that is why I still have some sort of optimism despite Bulaba doing bulaba things bulaba style

What of the big ballers in Nigeria?
They will also consume as well na lol

Re: Nigerian Stock Exchange Market Pick Alerts by atigro(m): 7:08am On Oct 27, 2024

You need to catch up with the reality. You dont have an idea how the diasporan's are impacting Nigeria economy positively. The japa effect is on full gear and its rewards is dripping in gradually. This new crop of Nigerians came prepared. Real estates, banks,fmcg,transports,TB,funds with institutional investors etc. Infact the current uncertainty in immigration is making every diasporan apprehensive and making them make wise decisions. No more unnecessary frivolities.
Diasporan remittances is not a joke because the way people are working their ass out is on an unprecedented level. So it's beyond "survival money" okay. Stop playing!

phadriz:
Diaspora remittance? 😂

Okay sir

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:10am On Oct 27, 2024

phadriz:
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota.
I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta.

Oga. They didn't cancel the Ministry of the Niger Delta. They only changed the name and brought in other similar regional development Commissions. We need to help reduce the tension in our country not increase it with such dangerous rumors.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:37am On Oct 27, 2024

I don't post to win an argument but to pass a message, I intentionally delete that because I know it will move to another side of argument but since you read it someone already replied it I will explain for you to understand.

Like you said the person will send in £100 does it mean the person has increase the money sent home? No is only the naira value that increase due to devaluation. Pre 2022, diasporans send in FX but now they do currency swap among themselves instead of sending FX home. Mr A need 1m naira to send to people in Nigeria, he will post on different WhatsApp groups and give someone who has naira to swap his pounds. By doing that the FX inflow to Nigeria won't improve, it just recirculation of naira. The worst he will do is to go to Lemfi and other Fintech app to sell. How many people do you see on western Union desk in the bank unlike before?

You said prices of land are going up because diasporans are rushing it. No sir, land prices are going up due to devaluation and general inflation. I can tell you that people who japa in 2021 & early 2022 to the UK are now at the stage of getting mortgage, some are even selling their houses in Nigeria to use for mortgage deposit, this is fact I don't do guess talk.

On Unilever, looking at the P&L of the Q3 reports you will say the company did better, but I don't just look at that, 2023 result wasn't okay majorly due to the loss on discontinued operations, if you check their cash flow you will a significant drop in their liquidity, check the current assets there is a significant increase in trade receivable and inventories, also their current liabilities has grown with over 33% those are not a good signs for me. Don't just look at P&L to judge a company performance. In corporate finance liquidity is key. Other manufacturing companies are yet to release Q3, but their Q2 is worse. My point goes back to the fact that if the economy doesn't improve manufacturers will suffer more. If purchasing power of the people keep going down, crime rate rate will increase, we may start seeing warehouses & banks looting.

Streetinvestor2:
You have not answered my two questions
What manufacturers companies
What did you see in Unilever results
You wrote balablu on what you deleted. The people sending money from abroad to nigeria is a big plus as naira loses value.. The person will still send £100 and not 220k.It looks you are falling my hand oh.And people I know sending money from abroad home is for buying real estates mostly land.This is why land prices are sky rocketing in se major cities

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