I will like to invest for short term play. Max 3 months.
Thinking Ucap or Afriprud. Not sure what to pick.

Experts in the house, what stocks do you recommend?

Please house, has universal insurance been delisted from NSE. Thanks.

Bankers can be funny if you not confident and know what you are doing.

I was in my bank this morning to get a loan, the officer first asked of where I work. I told her that I am self employed, then asked for the name of my business which I gave to her.

She then asked for my account number and that of my business, my business and I both have an account with First Bank.

After she saw the turnover on the account she was impressed, asked for the value of loan I needed and duration of the payment.

She then asked for collateral, I didn't want to use my shares, but my Treasury Bill Investment as collateral.

She said for her to ask to proceed with the loan application my Treasury Bill MUST be converted to fixed deposit. Because there was no way she could place a lien on Treasury Bill, since it is in custody of Central Bank.

I reminded her that what I have in NTB is 5 times the value of the loan, and when the TB matures it would be paid back into the account.

I told her to forget about the loan that I was no longer interested, before she spoke to her oga and the man told her that my loan application will fly.

I have applied for the loan, the lady has called me thrice today apologising for her behaviour. The fund should hit the account by next week.

I am not sure if First Bank scrutinizes the guys who took loans of about 200 million dollars which went bad, like the way they scrutinize small guys and businesses who need just N1 million or less.

emmanuelewumi:
Bankers can be funny if you not confident and know what you are doing.

I was in my bank this morning to get a loan, the officer first asked of where I work. I told her that I am self employed, then asked for the name of my business which I gave to her.

She then asked for my account number and that of my business, my business and I both have an account with First Bank.

After she saw the turnover on the account she was impressed, asked for the value of loan I needed and duration of the payment.

She then asked for collateral, I didn't want to use my shares, but my Treasury Bill Investment as collateral.

She said for her to ask to proceed with the loan application my Treasury Bill MUST be converted to fixed deposit. Because there was no way she could place a lien on Treasury Bill, since it is in custody of Central Bank.

I reminded her that what I have in NTB is 5 times the value of the loan, and when the TB matures it would be paid back into the account.

Truth is some of these bank employees do not understand how things function. Or maybe its just about everyone saving their job.

stcool:


Truth is some of these bank employees do not understand how things function. Or maybe its just about everyone saving their job.

They understand. The loan can not go bad. Bankers these days are used to bad loans. Because the loan cannot go bad, there is no incentive for her to collect percentage.

But on a serious note. I have to agree that we do not do banking in Nigeria

emmanuelewumi:
Bankers can be funny if you not confident and know what you are doing.

I was in my bank this morning to get a loan, the officer first asked of where I work. I told her that I am self employed, then asked for the name of my business which I gave to her.

She then asked for my account number and that of my business, my business and I both have an account with First Bank.

After she saw the turnover on the account she was impressed, asked for the value of loan I needed and duration of the payment.

She then asked for collateral, I didn't want to use my shares, but my Treasury Bill Investment as collateral.

She said for her to ask to proceed with the loan application my Treasury Bill MUST be converted to fixed deposit. Because there was no way she could place a lien on Treasury Bill, since it is in custody of Central Bank.

I reminded her that what I have in NTB is 5 times the value of the loan, and when the TB matures it would be paid back into the account.

I told her to forget about the loan that I was no longer interested, before she spoke to her oga and the man told her that my loan application will fly.

I have applied for the loan, the lady has called me thrice today apologising for her behaviour. The fund should hit the account by next week.

she wants to use you to fill quota and meet target.

maslong:
Please house, has universal insurance been delisted from NSE. Thanks.

NSE suspended trading on the shares of Universal Insurance.

McFabian07:



she wants to use you to fill quota and meet target.

I thought as much. I started buying NTB when I realised most banks don't want to accept shares as collateral especially banking stocks except some highly liquid blue chip defensive stocks.

Hello All, saw this and taught I should share. Read - How to pick quality stocks using the CAN SLIM strategy

http://economictimes.indiatimes.com/wealth/invest/how-to-pick-quality-stocks-using-the-can-slim-strategy/articleshow/57957480.cms

http://www.investors.com/ibd-university/can-slim/

"Once you buy a stock, when should you sell? Many investors simply don't have an exit strategy — and their returns suffer accordingly. But you can use time-proven sell rules to make a huge difference in your portfolio."

fxuser:


loll
- At least it has found interest or support below N50
- But Timothy(s) want to see the holes in Jesus's hand first lol

thomus or timothy?

emmanuelewumi:
Bankers can be funny if you not confident and know what you are doing.

I was in my bank this morning to get a loan, the officer first asked of where I work. I told her that I am self employed, then asked for the name of my business which I gave to her.

She then asked for my account number and that of my business, my business and I both have an account with First Bank.

After she saw the turnover on the account she was impressed, asked for the value of loan I needed and duration of the payment.

She then asked for collateral, I didn't want to use my shares, but my Treasury Bill Investment as collateral.

She said for her to ask to proceed with the loan application my Treasury Bill MUST be converted to fixed deposit. Because there was no way she could place a lien on Treasury Bill, since it is in custody of Central Bank.

I reminded her that what I have in NTB is 5 times the value of the loan, and when the TB matures it would be paid back into the account.

I told her to forget about the loan that I was no longer interested, before she spoke to her oga and the man told her that my loan application will fly.

I have applied for the loan, the lady has called me thrice today apologising for her behaviour. The fund should hit the account by next week.

I am not sure if First Bank scrutinizes the guys who took loans of about 200 million dollars which went bad, like the way they scrutinize small guys and businesses who need just N1 million or less.

When she calls again please comfort her abundantly. Are we not all learning?
She did right by referring to her supervisor instead of letting you walk away. There are levels of experience everywhere, and the code is, when in doubt refer to your oga.

zendi:


When she calls again please comfort her abundantly. Are we not all learning?
She did right by referring to her supervisor instead of letting you walk away. There are levels of experience everywhere, and the code is, when in doubt refer to your oga.

Another important thing is to do ones homework, build your cashflow, acquire tangible assets which financiers reckon with, have a plan B, be confident and NEVER be desperate for their fund.

I guess she acted that way because that was my first loan from First Bank, I have always gotten loans from UBA and First Capital in the past and always paid back before the due dates.

http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

holm:
http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

fairly priced at currentprice

but i am expecting market to react to the decline earnings. price might fall small

So result don start show. Hmm time to position

rebekah2011:


They understand. The loan can not go bad. Bankers these days are used to bad loans. Because the loan cannot go bad, there is no incentive for her to collect percentage.

But on a serious note. I have to agree that we do not do banking in Nigeria

Is this for real?
What do the job specifications of the risk management and policy compliance Departments of these banks look like?
Is CBN also in the know that something of this nature goes on in the banks?
Wuruwuru everywhere!!

emmanuelewumi:



Another important thing is to do ones homework, build your cashflow, acquire tangible assets which financiers reckon with, have a plan B, be confident and NEVER be desperate for their fund.

I guess she acted that way because that was my first loan from First Bank, I have always gotten loans from UBA and First Capital in the past and always paid back before the due dates.

When you sat down before that lady, an alert went off in her mind, "Another oga has come for his share of the national cake"
So if you're an fbnh investor, you should actually be proud of her risk assessment diligence.
I believe the 200 million type of non performing loots are ochestrated from high places, and the deals are sealed in the highest offices at banks' headquarters.

Any news on ci leasing

holm:
http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

Interim dividend?

Nigeria May Stop Borrowing to Fund Budget—Adeosun
www.businesspost.ng/2017/07/11/nigeria-may-stop-borrowing-fund-budget-adeosun/

United Capital Declares N1.99b HY Profit
www.businesspost.ng/2017/07/11/united-capital-declares-n1-99b-hy-profit/

Dangote Flour Mills: Building profit for the second year

Dangote Flour Mills is building profit for the second year after returning to profit at the end of 2016 from many years of sustained losses. The company’s first quarter report for the 2017 financial year shows a strong growth in revenue and a shift of the bottom line from red in the first quarter of the preceding financial year into a deep blue at the end of March.

The company had run a 15-month financial year that ended in December 2016, changing its accounting date from September to December. The first quarter of the current year shows an impressive beginning for the company, strong enough to raise revenue and profit over the 15-month records of last year.

Dangote Flour Mills has successfully restructured its operations, pruning costs and strengthening revenue, thereby stretching out margins and reinforcing profit capacity. This is a strong indicator that the return to profit last year isn’t a one-off reaping of a windfall but an outcome of a new cost-income structure with an enlarged room for value creation.

The company’s first quarter trading ended with a turnover of N29.05 billion, which is close to three times the sales revenue of N10.67 billion it posted in the first quarter of the preceding financial year. The two quarters however belong to different calendar months, which warrants that the comparison be read with caution.

Based on the first quarter figure, sales revenue is projected at N120 billion for Dangote Flour Mills at full year. This will be an increase of over 13% over the 15-month turnover figure of N105.76 billion in 2016. The ability to push sales has added a new momentum to the company’s operations.

After tax profit amounted to N2.6 billion for Dangote Flour Mills at the end of the first quarter. Its first quarter operations last financial year had ended in a loss of N901 million. Improving revenue and moderating cost profiles explain the company’s increased profit capacity.

The full year outlook indicates an after tax profit in the region of N11 billion for Dangote Flour Mills in 2017. This will be a 6% increase up on the 15-month profit figure of N10.6 billion the company recorded in 2016.

One of the major favourable developments that have taken place in the company’s operations is in respect of cost of sales, which has moderated significantly. Cost of sales claimed 85% of sales revenue in the first quarter of last year but has dropped to 76% at the end of the first quarter of the current year. This has stretched out gross profit margin from 15% to 24% between the two periods.

Another favourable cost behaviour has come from distribution/administrative expenses, which have moderated significantly relative to sales revenue. Distribution/administrative cost claimed 21% of sales revenue in the first quarter of the last financial year while the margin has dropped to below 10% at the end of March this year. This has lifted the company’s position from a marginal operating loss in the first quarter of last year to N4.43 billion at the end of the first quarter of the current year.

The company’s cost management success has also registered in the area of interest expenses. Net interest cost dropped at the end of the first quarter from N936 million in the first quarter of last year to N455 million.

With the new strength in revenue growth and the significantly moderated cost behaviour, Dangote Flour Mills has stretched out profit margin and improved profit capacity. Net profit margin has improved from negative in the first quarter of last year to about 9% at the end of the first quarter of 2017.

The company earned 52 kobo per share at the end of the first quarter against a loss of 17 kobo per share in the first quarter of 2016. Earnings per share is projected at N2.20 for Dangote Flour Mills at the end of 2017. The company earned N2.12 per share in 2016 but could not pay any cash dividends as the entire profit for the year was swallowed up by accumulated losses – which still stand at close to N10 billion.

Source: https://www.thecable.ng/dangote-flour-mills-building-profit-second-year

holm:
http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

strip out the N1.5B extraordinary item this time last year from sale of Insurance coy...

not a bad result. but their stock broking business needs to start contributing to their bottom line. seems they are the laggards in this group

courage89:


Interim dividend?

How much are u expecting? Better look else where.

holm:
http://www.nse.com.ng/Financial_NewsDocs/18730_UNITED_CAPITAL_PLC_-_Q2_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

EPS - 33k

A dissappointing result from my own perspective.
Shareholders 'chopped' last year, this year might be for the real owner of the company to 'chop' too.
Bogus administrative and other expenses!
Time again for APR to overtake UCAP in quoted price on the NSE.

Fix Bureaucracy to Attract More Investors—Elumelu Tasks FG
**Proposes 'shared purpose' to create economic, social wealth for citizens
www.businesspost.ng/2017/07/12/fix-bureaucracy-attract-investors-elumelu-tasks-fg/

Hi all, need advice. Well, my broker charges me(3%) on total amount spent when I buy shares and then, 3% again whenever I sell,on total amount generated. My question now is, how do I make money with all these charges? Is it not just ridiculous? They gain all ways on my investment...

Let me today share my thoughts on one of the approach I used in trading and investing in the Nigerian Stock Market. My effective use of the concept of Support and resistance has given me an edge and positive outcome so far (I believe same to other good TA guys too). I want to share with you the concept of support and resistance with references to equities that clearly shows that the market respects them. Click now http://adeshinacfte..com.ng/2017/07/timely-entry-and-exit-with-support-and_11.html

You can also see some of my stock picks and updates based on technical analysis (I do not have blind eye for fundamental analysis too, so I blend both) http://adeshinacfte..com.ng/2017/07/update-on-stock-picks-based-on.html

Happy trading week

maslong:
Please house, has universal insurance been delisted from NSE. Thanks.

Its been delisted for a long time now

emmanuelewumi:
Bankers can be funny if you not confident and know what you are doing.

I was in my bank this morning to get a loan, the officer first asked of where I work. I told her that I am self employed, then asked for the name of my business which I gave to her.

She then asked for my account number and that of my business, my business and I both have an account with First Bank.

After she saw the turnover on the account she was impressed, asked for the value of loan I needed and duration of the payment.

She then asked for collateral, I didn't want to use my shares, but my Treasury Bill Investment as collateral.

She said for her to ask to proceed with the loan application my Treasury Bill MUST be converted to fixed deposit. Because there was no way she could place a lien on Treasury Bill, since it is in custody of Central Bank.

I reminded her that what I have in NTB is 5 times the value of the loan, and when the TB matures it would be paid back into the account.

I told her to forget about the loan that I was no longer interested, before she spoke to her oga and the man told her that my loan application will fly.

I have applied for the loan, the lady has called me thrice today apologising for her behaviour. The fund should hit the account by next week.

I am not sure if First Bank scrutinizes the guys who took loans of about 200 million dollars which went bad, like the way they scrutinize small guys and businesses who need just N1 million or less.

What is the current interest range for loans there?.

NL1960:


What is the current interest range for loans there?.

I will know when the application is approved next week, but it should be between 20% and 25%.

shina88:
Let me today share my thoughts on one of the approach I used in trading and investing in the Nigerian Stock Market. My effective use of the concept of Support and resistance has given me an edge and positive outcome so far (I believe same to other good TA guys too). I want to share with you the concept of support and resistance with references to equities that clearly shows that the market respects them. Click now http://adeshinacfte..com.ng/2017/07/timely-entry-and-exit-with-support-and_11.html

You can also see some of my stock picks and updates based on technical analysis (I do not have blind eye for fundamental analysis too, so I blend both) http://adeshinacfte..com.ng/2017/07/update-on-stock-picks-based-on.html

Happy trading week

Why refer members to your blog when you can share the info for the benefit of all. We have good TA guys here (bullbearmkt, fxuser etc) who have and continue to freely share info with members without any pecuniary benefit. Ditto for the fundamentalists too...Please keep your support and resistance and strategy to yourself ...rubbish