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Nigerian Stock Exchange Market Pick Alerts - Investment (8425) - Nairaland

Nairaland ForumNairaland GeneralInvestmentNigerian Stock Exchange Market Pick Alerts (16044787 Views)

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Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 1:41pm On Nov 08, 2024
Agbalowomeri:
I don't do so too but it is the fact.
The kind of stocks that you buy will definitely give you sleepless nights grin
grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 1:48pm On Nov 08, 2024
emmanuelewumi:
You sure say you get the liver. UBA wey I dey average down from N4 down to N2 that year.
Hello bro.
Is there any reliable financial reporting site for ngx stocks with accurate data and financial ratios and break-downs?
Manual calculation seems hectic and tedious for me.
proshare, simplywallst, investing.com are all using inaccurate data for their financial ratios thereby giving wrong reports.
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 1:54pm On Nov 08, 2024
emmaodet:
Hello bro.
Is there any reliable financial reporting site for ngx stocks with accurate data and financial ratios and break-downs?
Manual calculation seems hectic and tedious for me.
proshare, simplywallst, investing.com are all using inaccurate data for their financial ratios thereby giving wrong reports.
Tradingview is your best bet
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:55pm On Nov 08, 2024
emmaodet:
Hello bro.
Is there any reliable financial reporting site for ngx stocks with accurate data and financial ratios and break-downs?
Manual calculation seems hectic and tedious for me.
proshare, simplywallst, investing.com are all using inaccurate data for their financial ratios thereby giving wrong reports.
Na manual calculation I dey do oooo
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:57pm On Nov 08, 2024
Sunrisepebble:
I think its undervalued from what i've seen. Im yet to do my own DD but I've been asking about it for weeks now. It was trading at a #5+, at an EPS of 1.28, 9months EPS was 3.27 and its still trading at #5. I also know they have net positive FX holdings. The earnings forecast also looks promising

*Not a buy advice. I Own no units of the stock yet*
They will all reprice but that na next year

Mansard ca. 10
NEM ca. 13
Custodian ca. 20
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 2:17pm On Nov 08, 2024
I have started reducing my exposure to them small small, starting from today.

Lutexx:
They frustrated JB so they could give the contract to Hi-Tech a company owned by the President and his Lebanese friends and this may just be the beginning. It's well Nigeria sad
Re: Nigerian Stock Exchange Market Pick Alerts by Toluway: 2:20pm On Nov 08, 2024
GeeKudi:
My question: In all of this squabble and its analysis, where does the masses come in?
We are not interested in their roforofo, we just want to buy fuel as cheap as possible.
Who will give us this? Is it what Dangote is fighting for?
The refinery was built largely from the vault of the CBN. Dangote is now denying all of that?
What is the essence of selling crude to him in naira if there is nothing in it for us - the Nigerian market?
We just want to buy fuel as cheap as possible.
Of course Nigerians want cheaper fuel, but the government policy at this dispensation is not considering cheaper fuel but determined to deregulate the petroleum industry.
You would recall that this translates to refineries selling at the market price, and the market price is determined by the global price of crude oil at the moment.
So, as long as there is no subsidy, refineries, foregn or local would sell sell at prices determined by crude oil price.
In addition, you may also recall that one of the reasons why the remove subsidy was that, when our petroleum products are cheaper here in Nigeria, "huzzliig" Nigerians would snuggle the products and sell in the neighbouring african countries while the products would become scarce in Nigeria. Government also losses billions of Naira revenue through this practice.
So, I think making the products cheaper would even ironically negate one of the basic principle behind subsidy removal.
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:33pm On Nov 08, 2024
OandO. -0.07%
ETERNA. -9.82%
ARADEL. +10.00%
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:41pm On Nov 08, 2024
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 2:55pm On Nov 08, 2024
At this rate, the market is waiting for FY24 side notes wink for the insurance sector.
[url][/url][sub][/sub]
The question is "who wants to wait and find out?" grin
😂
Re: Nigerian Stock Exchange Market Pick Alerts by Choiceguy: 3:07pm On Nov 08, 2024
KarlTom:
OandO. -0.07%
ETERNA. -9.82%
ARADEL. +10.00%
Eterna is only good in reacting negatively among it's pairs.they close period - open period still no News to move it.
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 3:20pm On Nov 08, 2024
I think MTN is worth taking a look at at the current price, they will return to huge profitability by FY next year, started picking some units between 166 and 168 today

DYOR
Re: Nigerian Stock Exchange Market Pick Alerts by lionshare: 3:35pm On Nov 08, 2024
Sunrisepebble:
I think MTN is worth taking a look at at the current price, they will return to huge profitability by FY next year, started picking some units between 166 and 168 today

DYOR
grin I think this was the price for the public offer in 2022
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:45pm On Nov 08, 2024
Sunrisepebble:
I think MTN is worth taking a look at at the current price, they will return to huge profitability by FY next year, started picking some units between 166 and 168 today

DYOR
I will join you at 90 grin
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 3:48pm On Nov 08, 2024
grin grin
Agbalowomeri:
I will join you at 90 grin
Re: Nigerian Stock Exchange Market Pick Alerts by Me4bas: 4:01pm On Nov 08, 2024
Who else has received dividend from Dangsugar today?
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:08pm On Nov 08, 2024
Zagee:
At this rate, the market is waiting for FY24 side notes wink for the insurance sector.
[url][/url][sub][/sub]
The question is "who wants to wait and find out?" grin
😂
Are you sure?
We have broken that 5.90 stronghold in Mansard today.
I will chop my own this period and rollback to join you at financial yr end when those profit After Tax will shrink.

Naicom has set December 31st deadline for insurance companies to settle all claims.

NAICOM sets December 31 deadline for insurance companies to clear outstanding claims https://nairametrics.com/2024/11/08/naicom-sets-december-31-deadline-for-insurance-companies-to-clear-outstanding-claims/
Re: Nigerian Stock Exchange Market Pick Alerts by jonnysessy(m): 4:10pm On Nov 08, 2024
Me4bas:
Who else has received dividend from Dangsugar today?
shocked shocked shocked

Yet to get the news where dividend was declared. Dangote Sugar that is entangled in FX loses. Had to exit the stock. That is how I will exit all unprofitable stocks (even at a loss) and clean up my portfolio.
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 4:16pm On Nov 08, 2024
Locotrader:
Are you sure?
We have broken that 5.90 stronghold in Mansard today.
I will chop my own this period and rollback to join you at financial yr end when those profit After Tax will shrink.

Naicom has set December 31st deadline for insurance companies to settle all claims.

NAICOM sets December 31 deadline for insurance companies to clear outstanding claims https://nairametrics.com/2024/11/08/naicom-sets-december-31-deadline-for-insurance-companies-to-clear-outstanding-claims/
Mansard gained 1 kobo today
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:18pm On Nov 08, 2024
vacanci:
Mansard gained 1 kobo today
He didn't check the closing price grin
The good thing is that the overhead supply was cleared today so it should be easy to cross 6 next week
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:23pm On Nov 08, 2024
vacanci:
Mansard gained 1 kobo today
Forget about what it gained today.

The most important thing is to break a stubborn wall which has been restricting movement for weeks now.

It was broken today.

The expo is you can make 10-20 % in mansard henceforth.

Next week will give a clearer picture of what I am saying.
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 4:23pm On Nov 08, 2024
jonnysessy:
shocked shocked shocked

Yet to get the news where dividend was declared. Dangote Sugar that is entangled in FX loses. Had to exit the stock. That is how I will exit all unprofitable stocks (even at a loss) and clean up my portfolio.
grin This reminds me of when I told Pa Emma then that any company that does not pay a minimum 6% dividend this year is gone, he said most companies will not pay that 6%. I said if they don't, they'll get sold!

Boy! I am happy I stood my ground, the main companies that did not meet this small test were Sugar, Sterling, Maybaker, Lasaco and MTN, they all got sold. It's all numbers, no emotion.
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 4:58pm On Nov 08, 2024
There seem to have been an off market crossing of 1m shares of TRANSPOWER today. Please does anyone know at what price?
Re: Nigerian Stock Exchange Market Pick Alerts by mails4funshi: 5:48pm On Nov 08, 2024
A TOTAL OF 1,000,000 UNITS OF TRANSCORP POWER PLC SHARES WERE EXECUTED AS OFF MARKET TRADE TODAY NOVEMBER 08, 2024, AT N359.90 IN ONE DEAL. THE TRADE WAS A NEGOTIATED CROSS DEAL WITH FSDH CAPITAL LTD AS BOTH BUYER AND SELLER

Raider76:
There seem to have been an off market crossing of 1m shares of TRANSPOWER today. Please does anyone know at what price?
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:17pm On Nov 08, 2024
Ades1:
grin This reminds me of when I told Pa Emma then that any company that does not pay a minimum 6% dividend this year is gone, he said most companies will not pay that 6%. I said if they don't, they'll get sold!


Boy! I am happy I stood my ground, the main companies that did not meet this small test were Sugar, Sterling, Maybaker, Lasaco and MTN, they all got sold. It's all numbers, no emotion.
Welldone..
it takes courage n discipline to be firm with a decision in the face of sentiments lurking around.

eee no easy at all. grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:21pm On Nov 08, 2024
KarlTom:
Dangote CFO appointed as NED in Jaiz Bank 🤔
Not surprised.
I think Dangote is one of the larger shareholders of Jaiz bank.

You can check the shareholding structure.
Re: Nigerian Stock Exchange Market Pick Alerts by toyeoye(m): 6:49pm On Nov 08, 2024
Me4bas:
Who else has received dividend from Dangsugar today?
Present sir
Re: Nigerian Stock Exchange Market Pick Alerts by Me4bas: 6:49pm On Nov 08, 2024
jonnysessy:
shocked shocked shocked

Yet to get the news where dividend was declared. Dangote Sugar that is entangled in FX loses. Had to exit the stock. That is how I will exit all unprofitable stocks (even at a loss) and clean up my portfolio.
Someone in a group I belonged actually received dividend from Dangsugar today. He also asked if anyone received as well. That's why I'm asking too.
Re: Nigerian Stock Exchange Market Pick Alerts by jonnysessy(m): 7:08pm On Nov 08, 2024
Me4bas:
Someone in a group I belonged actually received dividend from Dangsugar today. He also asked if anyone received as well. That's why I'm asking too.
I can't say you are wrong. It could be dividend declared 5 years ago. Maybe the registrars discovered that they are yet to pay him a particular dividend. Hence, they decided to pay him. But,I know that Dangote Sugar didn't declare any dividend for the past two years.
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:22pm On Nov 08, 2024
mails4funshi:
A TOTAL OF 1,000,000 UNITS OF TRANSCORP POWER PLC SHARES WERE EXECUTED AS OFF MARKET TRADE TODAY NOVEMBER 08, 2024, AT N359.90 IN ONE DEAL. THE TRADE WAS A NEGOTIATED CROSS DEAL WITH FSDH CAPITAL LTD AS BOTH BUYER AND SELLER
Thanks for the info
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 7:22pm On Nov 08, 2024
A lot of directors dealings on Aradel released on NGX. What is cooking
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:39pm On Nov 08, 2024
I'm trying to read between the lines...

What if DANGREFINE wants to make JAIZ their main bankers 🤔.
That would mean an International license and SP BOOM!

Let's be on the lookout for a capital raise by JAIZ. I believe DIL will increase their stake significantly...

At the bolded: 7.24% by H1
chimex38:
Not surprised.
I think Dangote is one of the larger shareholders of Jaiz bank.

You can check the shareholding structure.
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