₦airaland Forum

Morgan Capital seem to have stopped sending Weekly Stocks Recommendations.

Streetinvestor2:
You they mind government that has only propaganda as its achievement.They are using yeye ASI to make noise that the ngx is performing wonders like we trade the rubbish. When we know few stock can push the rubbish index to even 300k

You are right.Majority of stocks ,no matter how uptrend move they may ,ASI will not even shake body but let few selected ones cough small it will be on relay mode

:

I can't believe my eyes. Out of about 150 companies on NGX, only about 10 are on green, the likes of SEPLAT, NGX and NIDF and a few others. The rest are in red.

The rate at which people are gathering momentum for this Dangote IPO, i hope we would still be able to trade other stocks when the IPO has come and gone.

This pattern of dumping is likely to continue throughout this week. We watch and observe

brotherly:
See potential $1 Trillion economy dey fall yakata to just $2 billion IPO . Our road still far.

This is what we sometimes say about those in charge of NGX....
Aren't they supposed to have envisaged this kind of occurrence and mitigate against it before the IPO is announced?

This is the time the MM should be up and doing....together with other stakeholders saddled with the responsibilities of stabilizing the market....

Well, I know they can see what's currently happening and urgent actions expected from their end.......if not, Dangote will rubbish all the efforts they've done so far.

Fresh funds are expected for the IPO and besides, they're not expected to approve such huge OS for a start.....
What does the Rule says for a company just coming to list??
Seems they're just after making name and money..

The index is not rubbish. The NGX has been acclaimed as the top-performing stock exchange, and there is a reason FTSE Russell has earmarked it as a frontier market, and others are keeping a close watch. Those few stocks whose rally pushes the ASI also operate in the Nigerian space, don't they? An enabling environment for business is why they are thriving. Even the most fervent haters of this govt, like Oby Ezekwesili, have acknowledged the economic policy gains.

Streetinvestor2:
You they mind government that has only propaganda as its achievement.They are using yeye ASI to make noise that the ngx is performing wonders like we trade the rubbish. When we know few stock can push the rubbish index to even 300k

Check again sir.

Only four stocks are on green

jonnysessy:
:

I can't believe my eyes. Out of about 150 companies on NGX, only about 10 are on green, the likes of SEPLAT, NGX and NIDF and a few others. The rest are in red.

The rate at which people are gathering momentum for this Dangote IPO, i hope we would still be able to trade other stocks when the IPO has come and gone.

This pattern of dumping is likely to continue throughout this week. We watch and observe

Na Accesscorp I just dey accumulate since.

Wetin concern me with Dangote Refinery

mikeapollo:

I pray Access dips further so I can buy some more.
Better join us now; and not wait until it clocks N35 before you go dey start to sing ''new songs'' again

You dey mind grandpa

Oasisblue:
The index is not rubbish. The NGX has been acclaimed as the top-performing stock exchange, and there is a reason FTSE Russell has earmarked it as a frontier market, and others are keeping a close watch. Those few stocks whose rally pushes the ASI also operate in the Nigerian space, don't they? An enabling environment for business is why they are thriving. Even the most fervent haters of this govt, like Oby Ezekwesili, have acknowledged the economic policy gains.

Meanwhile, I think we need to be calm....
Don't sell at loss if you're in the market already...
Most of the big/medium stocks are just selling below daily price but some are not shedding officially......if I'm right anyway...

The Market Makers should come up to stabilize the prices.....

The big guys arent selling...
Mostly retailers and traders are.....

Some people are shouting red red red because they wants to keep creating panic sales....
These are the set of people that won't still buy even if it dips, so why should we keep listening to them 😊

Oasisblue:
The index is not rubbish. The NGX has been acclaimed as the top-performing stock exchange, and there is a reason FTSE Russell has earmarked it as a frontier market, and others are keeping a close watch. Those few stocks whose rally pushes the ASI also operate in the Nigerian space, don't they? An enabling environment for business is why they are thriving. Even the most fervent haters of this govt, like Oby Ezekwesili, have acknowledged the economic policy gains.

If you has nothing to post don't quote my post and be saying rubbish. Is it same oby that has denied the rubbish propaganda. What economic gain from what yr is the yard stick

yMcy56:
This is what we sometimes say about those in charge of NGX....
Aren't they supposed to have envisaged this kind of occurrence and mitigate against it before the IPO is announced?

This is the time the MM should be up and doing....together with other stakeholders saddled with the responsibilities of stabilizing the market....

Well, I know they can see what's currently happening and urgent actions expected from their end.......if not, Dangote will rubbish all the efforts they've done so far.

Fresh funds are expected for the IPO and besides, they're not expected to approve such huge OS for a start.....
What does the Rules says for a company just coming to list??
Seems they're just after making name and money..

Why is it anytime you see red in the market. You go dey get BP and calling for regulators to act.Is it how it operates in other countries stock exchange
Why don't u make same call on days the market is dominated by green...lol

Oasisblue:
The index is not rubbish. The NGX has been acclaimed as the top-performing stock exchange, and there is a reason FTSE Russell has earmarked it as a frontier market, and others are keeping a close watch. Those few stocks whose rally pushes the ASI also operate in the Nigerian space, don't they? An enabling environment for business is why they are thriving. Even the most fervent haters of this govt, like Oby Ezekwesili, have acknowledged the economic policy gains.

The hype about ASI should be ''measured''. It cannot be a yardstick to appraise the real or actual performance of any govt because it is not stable. It may rise today and fall tomorrow, just like what we are seeing today, and it is not the govt's fault.
Again, the percentage of citizens in the stock market is negligible.

That is the context why the significance of ASI should not be exaggerated as far as govt performance is concerned.

But it may be very useful and important to other investment decisions, especially for portfolio managers, foreign investors etc.

😂🤣😂

brotherly:
See potential $1 Trillion economy dey fall yakata to just $2 billion IPO . Our road still far.

If I talk now Jagaban data boys will be crying that I am derailing this forum so make I just chill

faoogoke:
Na Accesscorp I just dey accumulate since.

Wetin concern me with Dangote Refinery

Dangote refinery wey dey shake and everywhere red, no dey shake you?
FBNH sef collect wotowoto today, even with Ote$ inside the bus

You must be living on another planet if you didnt read Oby's claims when all major news outlets reported it.

I don't forget say facts means nothing to a mind closed by hatred.

Streetinvestor2:
If you has nothing to post don't quote my post and be saying rubbish. Is it same oby that has denied the rubbish propaganda. What economic gain from what yr is the yard stick

If you are buying any IPO ensure you understand details and not because of any hype or persons sha...

2008 is here already?

Streetinvestor2:
Why is it anytime you see red in the market. You go dey get BP and calling for regulators to act.Is it how it operates in other countries stock exchange
Why don't u make same call on days the market is dominated by green...lol

Get BP ke?
Just to encourage others that may want to get BP to calm down 😁
When I saw the trading, I just logged out and just coming back on shortly before logging to Naira land.

We all know the regulators are favouring Dangote nah.
There are rules that guides new listings but because they needed to use the Refinery to do marketing, they'll bypass some of the Regulations.

If you don't know, the country won't be having good image if the market continues to tank because one over-hyped IPO is coming to market or because one monopolized Refinery is coming to list.

We will all see how you all fairs after listing....😁
TRANSPOWER don teach some of us lessons....

Even if you wan sell the Refinery for 200 with minimum shares of 1, I no go buy such. 😁

megawealth01:
If you are buying any IPO ensure you understand details and not because of any hype or persons sha...

2008 is here already?

You may be right.

But if Alhaji is able to maintain the refinery at very high efficiency, a fall in commodity prices e.g. (crude oil) would lead to lower input (crude) costs, and higher potential profits, all things being equal.

It is companies selling crude oil (Aradel, Seplat, Oando etc.) that would be hit more with a fall in crude prices. Hence it is good to add Dangote refinery to such portfolio in order to diversify the risks.

mikeapollo:
Profit is a function of margins (sale price-cost price), volume and efficiency.
Refinery may still make good profits because it has huge capacity (volumes), even if margin is low, theoretically speaking.

The average margin for most refineries is 7%-15%,

Dangote is one man. Any refinery comfortable with 7 percent has its outstanding shares as majority retailer held or majorly held by entities not owing banks. Dangote needs a huge margin to pay the interests on his debts

ARADEL. ±
CONOIL. ±
ETERNA. -4.17%
OandO. -3.31%
SEPLAT. ±

Oasisblue:
You must be living on another planet if you didnt read Oby's claims when all major news outlets reported it.

I don't forget say facts means nothing to a mind closed by hatred.

Then don't quote me because I don't pretend with my hate Or you collect blocking

megawealth01:
If you are buying any IPO ensure you understand details and not because of any hype or persons sha...

2008 is here already?

Somebody like me, I'm not even comfortable with some of the IPO items...

They may want to pump the share price upon listing but las las, na on top retailers Dem go dump the kaya.

Davido & Co no go use me cash out for NGX...😊

yMcy56:
Get BP ke?
Just to encourage others that may want to get BP to calm down 😁
When I saw the trading, I just logged out and just coming back on shortly before logging to Naira land.

We all know the regulators are favouring Dangote nah.
There are rules that guides new listings but because they needed to use the Refinery to do marketing, they'll bypass some of the Regulations.

If you don't know, the country won't be having good image if the market continues to tank because one over-hyped IPO is coming to market or because one monopolized Refinery is coming to list.

We will all see how you all fairs after listing....😁
TRANSPOWER don teach some of us lessons....

Even if you wan sell the Refinery for 200 with minimum shares of 1, I no go buy such. 😁

Count me out of how you all fair after listing. I will never participate on any ipo again on ngx.i have learnt the hard way in the past.i participates in alhaji sugar and flour. Na God save me finally in flour. I warned people here about transpower.When they finish listing I go see quarterly results. No more blind investments at this stage for me with my money. I no trust all nigeria ceo again. Even the refinery listing is 100 % protection for alhaji.He just want to give the people crumbs from the 123 billion OS....lol.

yMcy56:
Somebody like me, I'm not even comfortable with some of the IPO items...
The Refinery coming to market without class looks somehow to me.

They may want to pump the share price upon listing but las las, na on top retailers Dem go dump the kaya.

Davido & Co no go use me cash out for NGX...😊

I like the part of Davido and co
The rich getting richer from your small change
I can never fall maga for anyone again as long as ngx business is concerned. Instead I withdraw the money go flex on luxury with fmly

Streetinvestor2:
Count me out of how you all fair after listing. I will never participate on any ipo again on ngx.i have learnt the hard way in the past.i participates in alhaji sugar and flour. Na God save me finally in flour. I warned people here about transpower.When they finish listing I go see quarterly results. No more blind investments at this stage for me with my money. I no trust all nigeria ceo again. Even the refinery listing is 100 % protection for alhaji.He just want to give the people crumbs from the 123 billion OS....lol.

Oh, ok...
I think say you too wan become Refinery shareholder 😊
I read somewhere here that they even made loss last year, how are we sure the profit posted this year wasn't padded?

Besides, the Hype is too much for the Refinery..
When hype is much like this, better to step aside...
One can always buy on the secondary floor after listing and more results are released.

One close relative don call me today say it's necessary to participate in the Refinery, say Dem must buy...... I said it's ok, I no fit shalaye...😊

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. -4.17%
OandO. -3.31%
SEPLAT. ±

Odo and Odo

yMcy56:
Oh, ok...
I think say you too wan become Refinery shareholder 😊
I read somewhere here that they even made loss last year, how are we sure the profit posted this year wasn't padded?

Besides, the Hype is too much for the Refinery..
When hype is much like this, better to step aside...
One can always buy on the secondary floor after listing and more results are released.

One close relative don call me today say it's necessary to participate in the Refinery, say Dem must buy...... I said it's ok, I no fit shalaye...😊

Me ke never
Let look at this scenario. If Dangote Cement I could have bought at 800 plus paid dividend of #45 and likely to pay #50 minimum this yr
I will go buy Dangote refinery at premium which can not pay more that #20 dividend this yr
How do you expect the price of this refinery to hit above his cement any time soon. As the goodwill to the both business is still Dangote brand identity. When the media want to make news you go hear Dangote Cement pays dividend of #50.And Dangote refinery pays dividend of #20. Then market go react...lol

Pls this is not to discourage anyone from participating. I am doing my normal street analysis here

yMcy56:
Somebody like me, I'm not even comfortable with some of the IPO items...
The Refinery coming to market without class looks somehow to me.

They may want to pump the share price upon listing but las las, na on top retailers Dem go dump the kaya.

Davido & Co no go use me cash out for NGX...😊

The price isn't bad as it is even if it falls. A company with raw investment of even 10 billion dollars isn't bad to be valued at 40 billion dollars if well managed. The refinery is certainly more than ten billion dollars and a company with raw investment ( not human resources) of 10 billion dollars can be as valuable as even 500 billion dollars and that will be because of the management. So the refinery isn't bad to buy at that amount

Streetinvestor2:
I like the part of Davido and co
The rich getting richer from your small change
I can never fall maga for anyone again as long as ngx business is concerned. Instead I withdraw the money go flex on luxury with fmly

Street, did you read where it was mentioned that they'll give 2units at no cost to retailers who buys the minimum (retailers incentives)?
I was just wondering if the the 2units has been factored into the 4.1bn OS or they intend creating another one for them, lol

yMcy56:
Oh, ok...
I think say you too wan become Refinery shareholder 😊
I read somewhere here that they even made loss last year, how are we sure the profit posted this year wasn't padded?

Besides, the Hype is too much for the Refinery..
When hype is much like this, better to step aside...
One can always buy on the secondary floor after listing and more results are released.

One close relative don call me today say it's necessary to participate in the Refinery, say Dem must buy...... I said it's ok, I no fit shalaye...😊

Padded how? Last year he was still producing around 400k bpd with mostly a Nigerian centric market. This year he hit full capacity in H1 and also became the largest exporter of Jet fuel. Exports of petrol to other African markets also increased several fold.

As for Davido and other private shareholders who bought in June, they can’t sell until June 2027.

Stocks are RED,only ELLAHLAKES they see Green...abi any news coming?