Okomu is red,
Presco is green.

OBAGADAFFI:
Okomu is red,
Presco is green.

whatever affects okomu will also affect presco later. They are twins.

locodemy:



At this time ,it either you go for defensive stocks or you carry your money at hand .
Loco is not bothered about the bears now because i saw the humidity of the cloud on time and decided to do the needful.I am one of the people here praying for mother of bears to take another position but because of my fellow brothers and sisters who are trapped in stocks,I dont like to talk much about bears.

I think every good news about results is already priced in...........be very careful of what you buy now.Next bull will come in April/May when Q1 results will begin to show face.

Cash @ hand is the king now.

Short term is my strategy for now, No is certain.

Most of the Banks red this red this morning.

godlyguy:
http://punchng.com/cbn-bars-banks-with-huge-bad-loans-from-paying-dividends/

THE BIG SMART GUY

We are seeing it playout in some numbers over the past two days.

kolaish:
whatever affects okomu will also affect presco later. They are twins.

Yes.

Just hope they tumble south together, on time !!!

Jejebaba:
Good day Bnstil,

Pls what is the NPL for UBA, FBNH and FCMB.

Thanks.

Just go to the company websites and download their Q3 2017 investor presentations. Most of the information you want is there.

Please I need link to Livestock Q3-2017 financial results.

Thanks in advance.

OBAGADAFFI:
https://brandspurng.com/okomu-nigeria-sees-subdued-2018-for-palm-oil-on-market-woes/

Okomu Oil Palm Plc, Nigeria’s second-largest producer of palm oil, expects its sales will probably slow for the rest of the year due to a supply glut and weak consumer demand.

Are we expecting something negative from Okomu this year.

Most likely trying to put pressure on Government not to grant waivers for importation of CPO.

That said, no major headwinds for them. Learnt that Sime Darby and Olam are planning to start oil palm plantation also in Nigeria. That will improve competition. Always prefer Presco to Okomu though.

Coolcash1:
Please I need link to Livestock Q3-2017 financial results.

Thanks in advance.

Go and buy small first, befor you get it to read the stock will be at #1.50

To those selling down their banking coys, Hear this;
-The CBN means well and this is without any iota of doubt.
-This policy surely comes with a lot of merit and could not have come at a better time.
-This policy will only make the banks stronger and much more robust going forward.
-This policy is in the best interest of the banks and by extension the shareholders and stakeholders at large.

Again, a cursory look at the new policy would show u that not much has changed. ...In summary, the CBN just wants the not so healthy banks to strengthen their health, while seeking out ways to improve on the strength of the healthy ones.

Would u rather prefer been paid some unnecessary dividends today, and have the same bank come back to ask u for money via rights or other instruments tomorrow?
The days of unnecessary free money especially from within 'insider coperates' can now be set aside for the banks to have the right foundation, have a healthy CF and a robust BS?
...It is a very healthy and welcome development !!

This is the TIME to consider BUYING or keying in more and not SELLING.
...but then again, what do I know.

Enough said.

Good morning brother's and sister's in the LORD , please remember to flour your mills o now three days to go . Brent 65.15

There is something about receiving dividends annually.

ihedioramma:
Go and buy small first, befor you get it to read the stock will be at #1.50

I don't do follow follow investing...After my research I will then know whether to pull the trigger now or just walk away...

Please help me with the link.

onegentleguy:
For those selling down their banking coys, Hear this;
-The CBN means well and this is without any iota of doubt.
-This policy surely comes with a lot of merit and could not have come at a better time.
-This policy will only make the banks stronger and much more robust going forward.
-This policy is in the best interest of the banks and by extension the shareholders and stakeholders at large.

Again, a cursory look at the new policy would show u that not much has changed. ...the CBN just wants the not so healthy banks to strengthen their health, while seeking out ways to improve on the strength of the healthy ones.

Would u rather prefer been paid some unnecessary dividends today, and have the same bank come back to ask u for money via rights tomorrow?
The days of unnecessary free money especially from within 'insider coperates' can now be set aside for the banks to have the right foundation, have a healthy CF and a robust BS?
...It is a very healthy and welcome development !!

This is the TIME to consider BUYING or keying in more and not SELLING.
...but then again, what do I know.

Enough said.

I disagree with you. Let them pay me my dividend before management starts using the funds to create bad loans that will now rack up NPL in their books....To me a bird in hand worth more than billions in the bush...

wanaj0:


That is why you need to show how you get the N25million from N2million per annum. No one has said anything is impossible. Just go ahead and show the appropriate documentation.

That is why I said it will create jobs for lawyers and accountants that specialise in tax matters.

Read " Ordinary people extraordinary wealth" and see firefighters with asset of $10 million at retirement, the school bus driver with $4 million or the cleaner in an Ivy league University who willed her almost $20 million mutual funds to the University and an endowment fund was established in her honour.

Stock Recommendation For This Week (February 19)
https://www.businesspost.ng/2018/02/19/stock-recommendation-week-february-19/

Coolcash1:


I disagree with you. Let them pay me my dividend before management starts using the funds to create bad loans that will now rack up NPL in their books....To me a bird in hand worth more than billions in the bush...

No problem my oga. ...we know its every man for himself and God for us all.
Let's allow Mr TIME to judge things in due course.

Btw, here's a link to livestock Q3 report;

http://livestockfeedsplc.com/LSF%20%20%20Unaudited%20%20Financial%20Statements%20%2030%20September%202017.pdf

Agbalowomeri:
What of those that trade stocks? And those who import capital

For those who trade stock, no problem as long as the initial /additional fund poured into stock is already taxed, remember that your share sale is already taxed. For those that import fund from abroad (like me), no problem as long as your source of fund is already taxed in your country of residence. However, if you are resident in Nigeria and your income is from abroad, then you need to explain or pay tax to Nigeria on the initial fund.

I think Fidelity has one of the best NPLR in the banking industry. her NPLR of a little above 5% beats the industry average of a little above 15%.
Share holders are still expectant of dividends of up to 30% EPS in an industry where the hope of dividends has been erased by CBN's new dividend payout rule.

I am heavy here and these are some of the reasons why I still see it as a buy or hold.

Technically it is trading close to a strong support at N3 though it may be threatened due to the current slanting triangular trading range. A close below the N3 support is a red flag!. Bearing in mind that there is always a short rally before result release for good companies I believe a buy now with a stop loss of 2.95 is a good move for we traders.

This is not a recommendation to buy and l'm open for criticism.

emmanuelewumi:


That is why I said it will create jobs for lawyers and accountants that specialise in tax matters.

Read " Ordinary people extraordinary wealth" and see firefighters with asset of $10 million at retirement, the school bus driver with $4 million or the cleaner in an Ivy league University who willed her almost $20 million mutual funds to the University and an endowment fund was established in her honour.

Why will it create jobs for lawyers and accountants? It is a Voluntary declaration. You should have evidence of your source of wealth. Even if na juju you use, state it there.

onegentleguy:


No problem my oga. ...we know its every man for himself and God for us all.
Let's allow Mr TIME to judge things in due course.

Btw, here's a link to livestock Q3 report;

http://livestockfeedsplc.com/LSF%20%20%20Unaudited%20%20Financial%20Statements%20%2030%20September%202017.pdf

Gracias!

millo:
For those who trade stock, no problem as long as the initial /additional fund poured into stock is already taxed, remember that your share sale is already taxed. For those that import fund from abroad (like me), no problem as long as your source of fund is already taxed in your country of residence. However, if you are resident in Nigeria and your income is from abroad, then you need to explain or pay tax to Nigeria on the initial fund.

Exactly. If you 'import' capital, be ready to show Capital Importation certificate

LIVESTOCK, CHAMPIONS and AGLEVENTIS the penny stocks to watchout for PROFITABILITY

THE BIG SMART GUY

godlyguy:
LIVESTOCK, CHAMPIONS and AGLEVENTIS the penny stocks to watchout for PROFITABILITY

THE BIG SMART GUY

Livestock on blood transfusion. .
Champions on oxygen.
Agleventis in ICU.
Japaul in mortuary.

Make your choice.

List of banks that may not pay dividend for financial year end 2017

1. Unity bank
2. Sterling bank
3. FCMB
4. First Bank
5. Diamond bank
6. WEMA bank
7 Access Bank
8. UBA
9.Stanbic IBtc
10.Heritage Bank
11 Skye Bank


So if you have shares in these bank dividends are doubtful

IchimokuPilot:

Livestock on blood transfusion. . Champions on oxygen. Agleventis in ICU. Japaul in mortuary.
Make your choice.

blood transfusion should b beta....

wanaj0:


Exactly. If you 'import' capital, be ready to show Capital Importation certificate

Only RabbiDoracle is safe.
No evidence of his cash as he has fled across the border with his pillow.

samguru:
List of banks that may not pay dividend for financial year end 2017

1. Unity bank
2. Sterling bank
3. FCMB
4. First Bank
5. Diamond bank
6. WEMA bank
7 Access Bank
8. UBA
9.Stanbic IBtc
10.Heritage Bank
11 Skye Bank


So if you have shares in these bank dividends are doubtful

Proofs?
why bury the living with the dead?

wanaj0:


Why will it create jobs for lawyers and accountants? It is a Voluntary declaration. You should have evidence of your source of wealth. Even if na juju you use, state it there.

I know what I saying, after the declaration tax officials will still write you. Especially how you were able to legally build your investment over a period of 20 years, because they know people who earned more within 20 years who can't boost of what some smart investors or business people have built.

Tax officials did a 5 year income tax of my business, after the tax audit they brought their report in 4 weeks with a PAYE tax liability of over N10 million. Even though my bills, government dues, levies , rates and taxes were promptly paid.

I got my Tax accountant and gave him my documents within 3 months he was able to prove my case, total cost for his service was about 500k.

Those guys are FIRS were brought there from Lagos, SME owners who are based in Lagos are not new to this.

wanaj0:


Exactly. If you 'import' capital, be ready to show Capital Importation certificate

Those who transfer directly to their bank account? Who gives them capital importation certificate? Am I missing something?

https://www.proshareng.com/report/Audited%20Accounts%20&Financial%20Reports/Q3--report-for-the-period--ended-30-Sept,-2017-–--CHAMPIONS-BREWERIES-PLC/10800

THE BIG SMART GUY

dipoolowoo:
Stock Recommendation For This Week (February 19)
https://www.businesspost.ng/2018/02/19/stock-recommendation-week-february-19/

According to these guys, you should sell all your FCMG Coys stocks, Hold Agric stocks and Buy almost all the banks. Hmmm....absolute believers in such research recommendations will rush in.

Pause a while and ponder on directions FCMG coys are expected to take after about two years of battling with scarce foreign exchange, minor and massive Naira devaluation in 2016 and 2017 and other sundry issues. Compare this with what you expect them to do in view of FX availability, exchange rate stability in past 10 months and possibly in next 15, stats from NBS, change in leadership by those with major foreign holdings etc. and decide again if you want to go with those recommendations. If still confused, look at their quarterly figures in at least last 2 quarters and compare that with preceding 8 quarter. Your decision should be easier.

Also do similar analysis for Agric and the banks. For the banks the relevant rating is the CBN assigned Composite Risk Rating which is reviewed annually. Only problem is that its not in the public domain as most banks will protect this with their lives...

You can make do with the NPL Ratio but be smart enough to decide on an adjustment factor for whatever they publicly disclose as the NPLR.