₦airaland Forum

toyeoye:
OANDO under heavy fire today 🔻🔥

...plunged to its session low (-6.17%), after opening at the day’s high... a clear sign of relentless selling pressure from the opening bell.

⚠️At ₦38.00, the stock is now dangerously close to its 52-week low (₦35.75).

Track every move live on StockBubbles.

olig:
unfortunately, I was late again.

Maybe you can add alert functionality, it could be an automatic email or a notification if you have a mobile app. Someone should be able to set a target price, volume, or any other market condition and have the alert trigger when it’s reached.

nosa2:
I totally agree with you. I have abandoned business in Gboko because I cannot leave Abuja to visit the place for a few days. But all this did not start in the last 2 weeks.

As sad as this sounds the truth about Nigeria is that the Elite have learned to thrive irrespective of how much the poor suffer.

Una wan drag me into politics sha

let look at your position based on my street analysis. You don't believe what is happening recent times has to do with CGT and blood Bath. You believe it is market cycle which means after bull season is correction cycle or bear cycle. My street sense tells me we never really had bull season since this government happened as we had bear season during Buhari. What I believe happened in the last 3 yrs was repricing of ngx assets due to devaluation and inflation on the street. So when did the bull cycle really happen that we have moved to opposite or different cycle.

PRESCO INT DIV

Streetinvestor2:
let look at your position based on my street analysis. You don't believe what is happening recent times has to do with CGT and blood Bath. You believe it is market cycle which means after bull season is correction cycle or bear cycle. My street sense tells me we never really had bull season since this government happened as we had bear season during Buhari. What I believe happened in the last 3 yrs was repricing of ngx assets due to devaluation and inflation on the street. So when did the bull cycle really happen that we have moved to opposite or different cycle.

You are spot on. If you have been in this market since 2015 you have probably lost money in dollar terms even though your Naira numbers will make you think you made a lot. I totally abandoned Naira assets in 2014/2015 and I only returned this year.

With regards to the Nigerian Bull market, we are still in the long term bull market. The index needs to touch 280k-300k for us to get back to 2015 levels. I strongly believe we will get there and surpass it but it will take a couple of years. This is why to me all these dips are irrelevant, because when you look at the macro economic situation you will see mostly upside.

I am investing in Nigeria because I truly believe that for the next couple of decades this is market will strongly outperform most stock markets

Streetinvestor2:
let look at your position based on my street analysis. You don't believe what is happening recent times has to do with CGT and blood Bath. You believe it is market cycle which means after bull season is correction cycle or bear cycle. My street sense tells me we never really had bull season since this government happened as we had bear season during Buhari. What I believe happened in the last 3 yrs was repricing of ngx assets due to devaluation and inflation on the street. So when did the bull cycle really happen that we have moved to opposite or different cycle.

Most people don’t get it. We said as far back as 2023 that the market was undergoing a repricing. I used to buy Hero for ₦250, but it repriced multiple times , to ₦300, then ₦500 (₦400 in some places), then ₦800 (₦700 in some places), and finally to the current ₦1000.

It’s not just beer. Almost everything in the market has repriced. The same LG washing machine I bought for ₦40,000 is now ₦150,000. How do you expect the stocks of companies whose plants and physical assets have also repriced upwards to remain the same?

Like you said, much of the appreciation we saw may simply be repricing, not “growth” in the real sense. I don’t have the strength right now, but one way to look at it is to compare the price of these stocks from 2023 in dollar terms versus their current dollar value, assuming the dollar maintained constant value. (Yes, even the dollar has lost some value, but it’s still the best benchmark we have.)

Will likely get to 35.

olig:
unfortunately, I was late again.

ositadima1:
Most people don’t get it. We said as far back as 2023 that the market was undergoing a repricing. I used to buy Hero for ₦250, but it repriced multiple times , to ₦300, then ₦500 (₦400 in some places), then ₦800 (₦700 in some places), and finally to the current ₦1000.

It’s not just beer. Almost everything in the market has repriced. The same LG washing machine I bought for ₦40,000 is now ₦150,000. How do you expect the stocks of companies whose plants and physical assets have also repriced upwards to remain the same?

Like you said, much of the appreciation we saw may simply be repricing, not “growth” in the real sense. I don’t have the strength right now, but one way to look at it is to compare the price of these stocks from 2023 in dollar terms versus their current dollar value, assuming the dollar maintained constant value. (Yes, even the dollar has lost some value, but it’s still the best benchmark we have.)

When they say the Dollar is the global reserve currency it simply another way of saying the Dollar is the global benchmark

KarlTom:
PRESCO INT DIV

Have you received yours?

During Bear Market, most Analysts become onlookers. During Bull Market, most onlookers become overnight Analysts.

Not yet. My reminder went off...

emmanuelewumi:
Have you received yours?

Despite that some of these stocks are shedding, the kind of money trooping in, and the type of bids surfacing and resurfacing....did not point to a bear market...

More billions picking stocks.....

Huge bids in some of these stocks......UACN, FBNH, ACCESS, GT, ZEE, etc..
* UACN: 26M bids against a paltry N1.2m offers
* FBNH: 24M bids Vs. Around 3M offers...
* ACCESS: Lots of picks @20.50 despite the dumping by whosoever it is..
** A lot of intra price defence in some.....even in OANDO @40..

Wetin dey happen?

ACCESS really collect today.......
Lots of dumping and picking @20.50..
It is well.
Make we go rest for the weekend....
God spare us pass next week again IJN. 😊

** Btw, at what Junction is Peter waiting for ACCESS again?
Seeing it @20.50 now, e for don shift goal post again, maybe to 10 or 5...

Same. I switched completely from naija mutual funds to Eurobonds/REITS ($)/NYSE since 2018 or so. I've had an average of 12% pa in dollar terms (I would have been at a great loss in naira terms if I'd stayed). Finally entered the NGX becaue I see great things happening in Naija Palm Oil (Presco) and Gas (Aradel), and the stable dollar may finally make the whole stress be worth it. If the rate starts that silly volatility, I'll just cut my losses and move on from the NGX finaly . I also agree that everything is being repriced due to inflation.

nosa2:
You are spot on. If you have been in this market since 2015 you have probably lost money in dollar terms even though your Naira numbers will make you think you made a lot. I totally abandoned Naira assets in 2014/2015 and I only returned this year.

With regards to the Nigerian Bull market, we are still in the long term bull market. The index needs to touch 280k-300k for us to get back to 2015 levels. I strongly believe we will get there and surpass it but it will take a couple of years. This is why to me all these dips are irrelevant, because when you look at the macro economic situation you will see mostly upside.

I am investing in Nigeria because I truly believe that for the next couple of decades this is market will strongly outperform most stock markets

On cue

KarlTom:
Not yet. My reminder went off...

ositadima1:
Maybe you can add alert functionality, it could be an automatic email or a notification if you have a mobile app. Someone should be able to set a target price, volume, or any other market condition and have the alert trigger when it’s reached.

Absolutely solid feedback
Alerts are already on our roadmap.
Thanks for the suggestion, pls keep them coming!

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Please, could you confirm the dividend amount per share? Mine doesn't add up.

KarlTom:
PRESCO INT DIV

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.23%

ANOTHER RED DAY IN THE MARKET!!!
Nigeria' market is fairly resilient. Despite the mess up by our current set of economic Managers, the market is still holding up.

Looking at our indicators, the support level is still far away, probability around 142,000 range!!!

Two tranches.
First was the Q3 INT DIV of ₦10
Then the H1 INT DIV of ₦20

ggoldmine:
Please, could you confirm the dividend amount per share? Mine doesn't add up.

Thanks a lot. That makes more sense now. I've only received the first tranche. Did you receive both tranches yet?

KarlTom:
Two tranches.
First was the Q3 INT DIV of ₦10
Then the H1 INT DIV of ₦20

The ASi kerp deceiving people about the market. Na your individual portfolio valuation be the koko at different time by my street analysis

yMcy56:
ACCESS really collect today.......
Lots of dumping and picking @20.50..
It is well.
Make we go rest for the weekend....
God spare us pass next week again IJN. 😊

** Btw, at what Junction is Peter waiting for ACCESS again?
Seeing it @20.50 now, e for don shift goal post again, maybe to 10 or 5...

Lol..I no dey even see access as bank again. So people way still dey buy.I wish them good luck.I dey see em as yahoo coperate business

KarlTom:
Two tranches.
First was the Q3 INT DIV of ₦10
Then the H1 INT DIV of ₦20

Only seen Q3 int dividend of N10. #28
Still waiting for H1 int dividend of N20. #27

Presco, why do you decided to place the cart before the horse ?

https://open.spotify.com/episode/5DFtrRZwbvLWJFQm33cyqy

A summary of today's trading session on the NGX.

Video below.


https://www.youtube.com/watch?v=z4_J6Ueft90

Sunrisepebble:
EPS is about N70+ with the acquisitions factored in as at 9M

Where did you get this report bro

Agbalowomeri:
Oga no use statistic wey you no understand o

Shey na statistics we go chop?
E be like say my egungun wan enter express ooo

OsunOriginal:
This is what happens when corruption meets incompetence

🤦🤔

ositadima1:
I think there may be a problem with this. Since they mentioned the ASI, it likely means the individual stock P/Es are first collapsed into one number by weighting them by market capitalization and then applying the 5-year moving average.

This means a few giant companies, often called SWOOTs (Stocks Worth Over One Trillion), end up controlling the vast majority of the index’s movement. The chart is useful for a macro view of the economy’s largest players, but it’s a poor tool for picking individual stocks.

A 1% move in Dangote Cement matters more than a 20% move in a smaller company.

Sure. It is a top-down approach.
The lower you go - into sectors and industries, the more you evaluate and adjust the metrics