Is Nigerian Equities Market Overvalued?
https://www.businesspost.ng/2018/02/04/nigerian-equities-market-overvalued/

AfDB to Raise Africa's Overall GDP to $5.6tr by 2025
https://www.businesspost.ng/2018/02/05/afdb-raise-africas-overall-gdp-5-6tr-2025/

Good morning friends, wishing everyone happy consolidation week.

World markets are still falling o.

RabbiDoracle:
World markets are still falling o.

Good news.

Another opportunity to do 100% loading......

RabbiDoracle:
World markets are still falling o.

Na now una go see the real bubble...

Yellen Says Prices `High' for Stocks, Commercial Real Estate
https://www.bloomberg.com/news/articles/2018-02-04/yellen-calls-prices-high-for-stocks-commercial-real-estate

RabbiDoracle:
World markets are still falling o.

you want drag our own down?

Stock Recommendation for This Week (February 5)
https://www.businesspost.ng/2018/02/05/stock-recommendation-week-february-5/

RabbiDoracle:
World markets are still falling o.

Hmmm... Men wan enter the bus by all means!

RabbiDoracle:
World markets are still falling o.

They need to fall more for NSE to rise they have been getting new highs for more than a year. We need to break our all time highs first.

Aiico
- brk out

Zenith
- good set up wt high opening
- add more

DOLLARTEX:
vola it works.I owe you something,should I send someone to prepare you a breakfast?I mean breakfast in bed

Sir Afolabi 2000 unit of Nestlé Nigeria Plc shares will do

phemmie06:

Sir Afolabi 2000 unit of Nestlé Nigeria Plc shares will do

Chai

The coast is looking clear for a jijo on prestige

dipoolowoo:
Stock Recommendation for This Week (February 5)
https://www.businesspost.ng/2018/02/05/stock-recommendation-week-february-5/

Vetiva seem to have updated their target price fir Diamond and FCMB to a higher level.

Mpeace:
Vetiva seem to have updated their target price fir Diamond and FCMB to a higher level.

Not just those two. They have updated the report for all companies earlier forecasted in their 2018 High Conviction Stocks. This was done on 29th Jan

GTay:


Not just those two. They have updated the report for all companies earlier forecasted in their 2018 High Conviction Stocks. This was done on 29th Jan

Can u post the link or share it with us boss.
Thanks.

Jejebaba:

Can u post the link or share it with us boss.
Thanks.

Just tried. Seems it's too large for NL. Its about 500kb while the limit here is 250kb

Dear Client/Reader,
 
Global Economy - Movements in global equities markets were broadly bearish, with performance influenced by monetary policy statements (U.S Federal reserve- maintained the target range for the federal funds rate at 1.25% to 1.50%), macroeconomic data, slump in oil prices on the back of a surge in US output coupled with the rise in Treasury yields.
 
In the U.S., Trading activities largely reflected investors’ reaction to (1) Rise in treasury yields (2) Federal Reserve policy action which kept interest rates unchanged. Overall, the DJIA and S&P depreciated by 4.12% W-o-W and 3.85% W-o-W to close at 25,520.96 pts and 2,762.13 pts respectively.
 
Equities Market- The equities market rebounded to close positive, as investors took positions in value stocks. The NSE ASI appreciated by 1.98% w/w as it closed at 44,639.99 points, equating to MtD and YtD returns of 16.73% and 16.73% respectively.
 
The current low valuations of stocks still provide good buying opportunities in the market. Some of our recommended stocks are mentioned below;
 
FLOURMILL- Flourmill maintained its strong performance in its recently released 9M’17 results as it recorded a revenue growth 0f 9% y/y from N389 bn to N428 bn which we link to the strong growth in its food business (where revenue grew +15% y/y). EBIT also increased by 62% y/y from N27 bn in 9M’16 to N44 bn. PAT also rose significantly by 79% y/y to N13.3 billion from N7.4 bn in 9M’16. EPS also grew remarkably to N4.56 from N2.50 in 9M’16 while Shareholders funds improved to N112 bn from N102 bn in 9M’16. In 2018, we expect improved consumer spending and the deleveraging of its balance sheet with the proceeds of its proposed rights issue to positively impact its earnings. With a fair Value of N47.96, we recommend a medium to long term “BUY”.
 
DANGSUGAR- Dangsugar consolidated on its strong performance as recorded revenue of N163 bn in 9M’17, representing a growth of 41% y/y when compared to the N115 billion recorded in 9M-2016. Gross profit also grew by 118% y/y from N19bn in 9M’16 to N41bn as the strong sales growth completely offset the increase in cost of sales which grew by 26% y/y. PBT also improved by 156% y/y, while profit after tax grew remarkably by 162% y/y from N10 bn in 9M’16 to N26 bn.  EPS also increased significantly by 163% y/y from N0.84 in 9M’16 to N2.21 in 9M’17. In 2018, we expect the company to benefit from improved domestic demand while the greater growth strategy implemented by the management is expected further improve its cash flows. With a target price of N27.54, we place a medium to long term “BUY”.
 
Please find attached our Stock Recommendation for this week, ending 9th February, 2018.
 
Thank you.
 
Courtesy MBC Securities Ltd

GTay:

Just tried. Seems it's too large for NL. Its about 500kb while the limit here is 250kb

Ok boss. The link only will do, not the entire Pdf file. Thanks

Yayira:
Dem don shake me out too.. now I'm having headache since Friday

Sorry for that, look for another bus, and enter.

the stocks are all dancing azonto downwards...good

Your ability to think and act independently, carry out research and seperate relevant information from noise are what you need to excel in the stock market...

#newbies take note

FMN, on your track , get set, GO!

DD

phemmie06:

Sir Afolabi 2000 unit of Nestlé Nigeria Plc shares will do

OK,2000 units abi? Or you need a customized statue of you in the central part of owerri?just say yes and I will talk to my brother rochas.

locodemy:

You are right my joy.Again.........
It is a #7.50 stock whether good result or bad.
Looking at their last corporate action notice to NSE on friday evening,you will know that dividend is smelling around the corner pointing to a good result.

Q3 2017 EPS of about 8k. Where are they going to pay dividend from. They have not paid in 2 years.

sellydion:
FMN, on your track , get set, GO!
DD

I think i said it last week

Na wah oh! People just dey sit on the fence with their money. Low volume trade so far.

So our dear Mr CAVERTON has started out his full bid exclusive journey again. ...Its alright.
over 6 million bid and not a single offer for a coy that before now can barely do over 200,000 units in a day.
I recall advising my brother Loco to key into this coy after he admitted to 'ejaculating quite early on the skye'.
...Then Mr CAVERTON was still selling for N1.31, but instead he 'chose to dance to the nefarious reggae of oando before sleeping at their market square'
It is well. ...for Mr OANDO will still give some returns, but only when 'Mr TIME puts off the reggae sound' (...we hope to be there before then).
But I am sure our dear loco will agree that he did not effectively utilize his time value for money. ...however, I still wish him well.

For now Mr CAVERTON shall continue to do the SPEED LANE. ...and I am not surprise at all. ...for the recent 'closed door meeting' with our foreign hot money brothers turned out very well.
...Our destination shall without a doubt surprise a lot of folks !!

#THE4.5BOULEVARD
#BELIEVE

fxuser:
Aiico
- brk out

Since last week.... the PE was too good. Hiding in plain sight.....

This thread is unforgivingly bearish! Where are all our..........gugurus Good time to take position in fundamentally sound stocks. What a welcome relief from the Bulls madness

Investnow2017:
This thread is unforgivingly bearish! Where are all our..........gugurus Good time to take position in fundamentally sound stocks. What a welcome relief from the Bulls madness

You mean bull is madness?