Nigerian Stock Exchange Market Pick Alerts - Investment (1234) - Nairaland
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| Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 7:20am On Dec 28, 2015 |
PETERiCHY: sir, is this a personal opinion or what? remember, thi is a public forum..  |
| Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 8:31am On Dec 28, 2015 |
Justcul:u won start to give people high blood pressure.. too early for DAT |
| Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 8:42am On Dec 28, 2015 |
Union Bank faces likely drops in revenue, profit at full year Union Bank faces the challenges of inability to grow revenue and that could lead to a drop in gross earnings for the bank at full year. Rising interest cost is hurting profit capacity and the bank isn’t likely to achieve up to one-half of its preceding year’s profit based on the third quarter growth rate. Revenue is constrained by non-interest income, which declined by 13% year-on-year at the end of the third quarter while interest income has slowed down due to a continuing drop in the investment portfolio. Interest cost is growing rapidly against the slowdown in interest income. Rising interest expenses have depressed net interest margin and claimed an increasing proportion of revenue at the end of the third quarter. Interest expenses rose by over 50% at the end of the third quarter compared to an increase of 19.3% in interest income. The good news however is that the bank has successfully contained the problem of rising credit losses, which enabled it to improve the bottom line at the end of the third quarter. Net loan loss expenses dropped by 20.4% at the end of the third quarter and that moderated the impact of rising interest expenses on the income statement. There was a slip in customer deposits during the period and the bank had to depend more on expensive liabilities to maintain earning assets. Rising cost of funds is a general trend in the banking sector as well as the larger economy. The bank closed third quarter operations with an interest income of N66.64 billion year-on-year at the end of the third quarter, which was accounted for exclusively by earnings from loans and advances. Its net credit portfolio grew by 15.6% over the opening figure for the year, which was moderated by a decline of 9.9% in investment securities. The bank’s investment assets have been declining since 2013, which is affecting interest income from that source. Inability to grow the principal liabilities has constrained growth is earning assets generally. The bank generated gross earnings of N84.72 billion at the end of the third quarter, which is an increase of 6.4% year-on-year. Based on the third quarter growth rate, gross income is projected at N114.2 billion for Union Bank at the end of 2015. This will be a drop of 16% from the gross earnings of N135.80 billion the bank posted at the end of 2014. Another major area of favourable cost behaviour is in respect of operating expenses, which increased slightly at 1.1% at the end of the third quarter. Compared with an increase of 6.4% in gross earnings, the bank reduced its operating cost margin from 55.5% in the third quarter of last year to 51.6% at the end of September this year. This is still well above the average banking industry operating cost margin of 44.6%. The bank closed third quarter trading with an after tax profit of N9.34 billion, which is an increase of 15.5% year-on-year. The improvement came from moderation of operating cost and the drop in loan loss expenses over the review period. This improved net profit margin from 10.2% to 11% over the review period. The full year profit outlook isn’t that promising to maintain the growth seen at the end of the third quarter. On full year basis, the bank has lost profit margin and that has undermined profit capacity for this year. Net profit margin is down from about 20% at the end of last year to 11%. Based on the third quarter performance, after tax profit is projected at N12.8 billion for Union Bank at the end of 2015. This is a likely drop of 52.2% from the after tax profit of N26.82 billion it reported at the end of 2014. The bank improved earnings per share from 44 kobo to 55 kobo over the review period. The full year expectation is 76 kobo per share at full year, which would be a sharp drop from earnings per share of N1.52 at the end of 2014. The bank carries a large retained deficit of nearly N250 billion, which is a big mountain on the way to resuming dividend payment. The retained deficit black hole will have to swallow up profits of many years to come to level up. PZ Cussons heads for another profit drop PZ Cussons lost profit for the second year at the end of its 2015 financial year ended May and it is headed for yet another profit drop in the current financial year ending May 2016. The company lost one-third of the after tax profit on year-on-year basis at the end of its first quarter operations in August. The margin of profit drop is expected to widen at full year if the current growth rate is maintained. Profit drop accelerated in 2015 and looks likely to speed up further in the 2015/16 financial year. The company’s weakening profit capacity reflects its inability to grow sales revenue for the fourth year running. The company has not been able to push sales revenue reasonably above the figure it posted in 2012 and the revenue weakness has continued to register adversely on profit performance. It closed first quarter operations with a turnover of N14.92 billion, which a slip over the revenue figure in the same period last year. Based on the first quarter growth rate, turnover is projected at a little over N62 billion for PZ Cussons at the end of the 2015/16 financial year. This would be a drop of about 15% from the sales revenue of N73.13 billion it reported in 2015. The company’s sales revenue has been virtually stagnant over the past three years. Flat revenue and rising cost have been the challenges facing the company. This year, the prospects for a drop in turnover have increased the operating pressure. Given the inability to grow sales revenue, the company’s profit capacity has continued to weaken under rising costs. The company is able to keep all other major costs under control except interest expenses, which soared by about 504% to N164 million at the end of the first quarter. The company has lost profit margin from 4.3% in the first quarter of last year and from 6.3% at full year to 2.9% at the end of the first quarter of the current year. The company reported an after tax profit of N428 million at the end of the first quarter, which represents a drop of 33.3% year-on-year. Based on the first quarter performance, after tax profit is projected at N2.6 billion for PZ Cussons at full year. This would be a drop of 43.1% from the after tax profit of N4.57 billion the company reported at the end of the last financial year. This will be an accelerated drop compared with the profit drops of 10% and 4.5% the company recorded in the preceding two years. The company’s profit performance has followed a pattern of rise and fall over the past six years. Its after tax profit of N5.32 billion in 2013 was a recovery after two years of drops. The peak profit record remains the N5.58 billion it posted at the end of the 2009/10 financial year. Earnings per share declined from N1.16 in the preceding year to N1.02 in 2015. It paid an interim dividend of 20 kobo per share last year and has announced a final dividend of 61 kobo per share. The company’s register is scheduled to close between 14th and 18th September while payment is slated for 30th September 2015. http://www.vanguardngr.com/2015/12/union-bank-faces-likely-drops-in-revenue-profit-at-full-year/ |
| Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 8:50am On Dec 28, 2015 |
What's going on here? Impersonators on the prowl. Did I mention them in my last post? People sha. 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by ajibsca: 8:54am On Dec 28, 2015 |
Hi House, I have 2000 units of former Oceanic Bank now Eco Bank Shares with the certificate bought a few yrs ago @16Naira each as at then. I intend to sell this off . Could anyone familiarize me with the process of selling or is there any stock broker who can help dispose of this ? |
| Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 8:55am On Dec 28, 2015 |
zendi: Forensic observation? Lol. I am willing to bet my Daar communications holding on this.........your conclusion is wrong. Double check....... If a pessimist were to pick up a fight against anyone, who would he/she pick? |
| Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:07am On Dec 28, 2015 |
myjoy084:so what's your new name? |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:46am On Dec 28, 2015 |
Justcul: First and foremost I want you to get a bottle of chilled wine then brood over the following scenarios. 1.Oil revenue which accounts for about 90% of the economy is down. 2. Most foreign investors has left the market. 3.Ouite a number of states are owning workers salary. 4. CBN stringent rules is seriously telling on the bottomline of the banking sector which accounts for over 60% of the market capitalisation. 5.To now add salt to the injury CBN has blocked all access to Visa and MasterCards. *Now tell me where will the fund to prop-up the market come from  3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 10:54am On Dec 28, 2015 |
Manonamission:Why, an optimist of course. Like hacking the myjoy brand. I could be wrong, but there are clues and tell-tale signs. locodemy is the only moniker I have seen typing tiger head (battery) when referring to tigerbrands. Secondly, locodemy had informed us of his heavy position in oando. Then consider myjoy085's caveatless recommendation below. All coincidences? myjoy085: BTW, if junk Daar, whose oga is even in prison, is the backing you can come up with for your own conclusion, then are you sure your conclusion is not hopelessly off the mark?  (modified) 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:14am On Dec 28, 2015 |
zendi: plus when he mistakenly reply ufotty2001's post with locodemy instead of myjoy085 as quoted below in bold |
| Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:15am On Dec 28, 2015 |
ufotty2001: myjoy085: ufotty2001: locodemy: |
| Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 11:25am On Dec 28, 2015 |
currentprice: ah...vuuuum.......vuuuuuuuuuuuuuum |
| Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 12:00pm On Dec 28, 2015 |
myjoy085:On the flip side, and curiously glossed over in this analysis, Transcorp controls 20% of the nation's electricity, a business that cannot be obsolete in the foreseeable future, selling utilities that people must buy no matter the state of the economy. Transcorp is however vulnerable to the overly influence of cowboyism from the camps of africapitalism. |
| Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 12:15pm On Dec 28, 2015 |
Zendi and currentprice I wonder why you choose to correlate my moniker with locodemy. We are two different people with not the same opinion. I am here just to debunk all the bundle of lies being peddled by the impostors in the name of optimistic gesture. Many of them don't have any stock! They spend most of their time here in this forum peddling innuendos in the guise of telling thel newbie what they want to hear. It is well.... 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 12:20pm On Dec 28, 2015 |
zendi: You very correct my bro, the chunk of their investment in electricity can never be underrated and it will have + ve impact in the overall profit. The issue is that, most of their business is under pressure because of foreign exchange and poor state of economy. They will survive the hit, that I know. It is well.... 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 2:07pm On Dec 28, 2015 |
http://www.punchng.com/businesses-have-lost-n1-46tn-to-forex-shortage-lcci/ The Lagos Chamber of Commerce and Industry said private operators have lost about N1.46tn as a result of the foreign exchange constraints being experienced in the country over the last six months. This is coming just as the Federal Inland Revenue Service has hinted the citizens will pay higher taxes from next year as a means of shoring up the nation’s revenue. |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:13pm On Dec 28, 2015 |
PETERiCHY: I think this is the time stocks like courteville plc is expected to shine and soar in price.Their business is generating revenues to government through Auto reg and other ecommerce businesses. |
| Re: Nigerian Stock Exchange Market Pick Alerts by duni04(m): 4:01pm On Dec 28, 2015 |
PETERiCHY:Very shameful that someone will give this kind of analysis in the 21st century. I shouldn't invest in the stock market in 2016 because corrupt politicians will sell their assets, how ridiculous! 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 4:02pm On Dec 28, 2015 |
PETERiCHY:what profit will you get to use another man name to post?(Myjoy085) . |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:45pm On Dec 28, 2015 |
duni04: |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:47pm On Dec 28, 2015 |
duni04: Don't worry in 2016 if you don't sell all you have and put in the stock market then the shame will be on you. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 5:29pm On Dec 28, 2015 |
PETERiCHY:... am beginning to notice something fishy here!!! are these people the same person!! PETERiCHY, myjoy085, myjoy084, my083 etc.. please we need to be very careful here because PETERiCHY will give advice myjoy085 and others will accept d same advice thereby misleading a lot of people in this forum.. we need to be very careful.. please go and do you home work and due diligent b4 buy or sell ur stocks.. |
| Re: Nigerian Stock Exchange Market Pick Alerts by duni04(m): 5:30pm On Dec 28, 2015 |
PETERiCHY:And to think I used to respect your opinions and posts, or perhaps your account has been compromised... 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 5:48pm On Dec 28, 2015 |
ufotty2001:My dear, 083, 084 and Peterichy we know. It is this 085 and his mission we're still trying to fathom. Besides, you must be the newest of the newbies to try to associate Peterichy, the joint house pessimist (with Chibuking) and anti-market activist, with myjoy083/084, our chief house optimist. |
| Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 6:06pm On Dec 28, 2015 |
zendi: Plz, leave me out of ur forensic conjure. I am who I am, not myjoy083 or myjoy084. I am not great Peterichy. I am myjoy085 it is different persons from the aforementioned monikers. Focus on important information that will add value to ur investment strategy and plz leave the messenger. Myjoy083, myjoy084 and Godisfaithful are same person and many of us know he doesn't have portfolio. He is just here to e- massaging his ego. Some people are like that here and they must be made public in the nearest future. Nevertheless, never loose hope in investment in NSE. We all know that things are just not alright. Our economy is in messy situation. Invest wisely and never listen to any body that tell you that our economy will stabilize soon. We are in a very mighty mess!!! Soon many people will begin to conform with me. It is well.... 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 6:07pm On Dec 28, 2015 |
duni04:exactly but thank God you can see the myopic reasoning there. So if oil gets to $0,Nigeria will cease to exist? |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:14pm On Dec 28, 2015 |
And let me chip this in most of this people you see that register with multi usernames and keep shouting buy buy buy are under a stock brokers payroll. So if people don't buy stock how will their management make money to pay their salary. Likewise they use those multiple usernames to generate likes for their selfish purpose. This almost my 11yrs in NSE, believe it or not STOCK MARKET is a side attraction and a gambling bisness. So don't invest what you can't afford to lose. Last year overall i made good profit while this year I still thank God for being able to starve my huge OANDO losses down to around N1.1million deficit . So NEWBIES its better you know what you are getting into and don't be deceived. 14days from now the picture will get clearer. *ThE OcToPuS* 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:27pm On Dec 28, 2015 |
PETERiCHY: Hahaha so u made huge loss in your save haven and last week u came out shouting buy 'Oando" because fuel subsidy will be removed #OlodoRabata 4 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:42pm On Dec 28, 2015 |
you people have disburst this house.i am now afraid of who is proposing and who is opposing.Abeg our moderators pls fish all these messes out otherwise i will put gear 4 and speed on my tires..........vuuuuuuuuuuuuuuuuuum But come to think of it.since i confronted peterichy about monitorinspirit,i have not heard from monitorinspirit again.Again whenever peterichy make a post there few monikers that support his post instantly.very soon we shall fish who is who out. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:58pm On Dec 28, 2015 |
Bloomberg - The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere http://bloom.bg/1IxRzpo It's the worst year for asset allocation funds since 1937. The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015. In fact, if you judge the past year by which U.S. investment class generated the largest return, a case can be made it was the worst for asset-allocating bulls in almost 80 years, according to data compiled by Bianco Research LLC and Bloomberg. After embracing everything from Treasuries to high-yield bonds and technology shares amid seven years of zero-percent interest rates, investors found themselves with nowhere to run at a time when the Federal Reserve’s campaign of stimulus drew to an end. |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:16pm On Dec 28, 2015 |
Agbalowomeri: Well in all my trading years only 2011 and 2015 didn't favor me. Mr 200% profit you sound like someone NSE favoured this year. Honestly I'm happy for you and I pray may subsequent years favor you the way 2015 did. |
| Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:49pm On Dec 28, 2015 |
http://www.cnbc.com/2015/12/27/oil-prices-weaken-post-christmas-us-crude-defends-premium-over-brent.html Crude prices fell 3 percent on Monday with Brent back near 11-year lows and trading lower to U.S. crude, pressured by weak Japanese consumption of oil and renewed worries about oversupply. U.S. gasoline also fell about 3 percent. Crude futures slumped in Asian trading as Japanese data showed a 46-year low in oil sales in the world's fourth largest crude buyer. They slid more in the New York session, |
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