₦airaland Forum

Parisfran:
I think you have to set out how much you want to make first. 100% is ambitious but it can happen.

Then look into companies you understand. Banks and fmcg companies are my babies, because I understand their business model.

Pick the most familiar stock to you and try to read up a bit on it and ask a lot of questions here. I've gotten a lot of important information here that I didn't see anywhere else.

Have a stop loss position, say if your 50k falls to 35k carry your bag and run. So you can live to fight again.

Don't be in a hurry to open a trading account till you know what you want to buy, so as to prevent itching fingers.

This is my own advice. If anybody wants to say anything contrary, kindly quote the guy.

This your vex never finish? I be your chairman o

Initial capital will not be retained according to his proposition

RabbiDoracle:
What if they don't need replacing the fund?

Oh, yeah!

TLAX:
Then that will be a different proposition.

But i was trying to highlight the bolded to the guy who wants to do multiple trades, take dividend in all and retain his initial capital..

[quote author=Agbalowomeri post=66683608]Boys used to do it those days and it worked but the terrain appears to have changed[/quote
Interesting though, but times have really changed... Wetin una never think sef ... I hail una o

Agbalowomeri:
This your vex never finish? I be your chairman o

Lol... I no fit vex for my oga na.

I just dey put disclaimer as I no like trouble.

Please what is really wrong with Fidelity bank?

Other banks are having P.E of 4 and above but Fidelity bank's own P.E. is about 2.

I want to buy more units but I dont know if I should wait for 2017 result to come out or not. I really think it's a N4 stock though.

Jejebaba:
Has anyone received Zenith div alert pls?

I have received alert

Parisfran:
Please what is really wrong with Fidelity bank?

Other banks are having P.E of 4 and above but Fidelity bank's own P.E. is about 2.

I want to buy more units but I dont know if I should wait for 2017 result to come out or not. I really think it's a N4 stock though.

Where you see pe of 2? I doubt it
It should be around that 4 too if we assume year end eps of 60kobo

However, I think the market has moved on past year end results and the dividend will only be a bonus IMO (I assume there will be a general bull throughout May).

Disclosure: one of the two I am targeting next week

Parisfran:
Please what is really wrong with Fidelity bank?

Other banks are having P.E of 4 and above but Fidelity bank's own P.E. is about 2.

I want to buy more units but I dont know if I should wait for 2017 result to come out or not. I really think it's a N4 stock though.

I am watching to see if there's any surprises behind that 3rd quarter result.

I hope not.

shigidi:
The idea is enter at an entry price where the dividend is not priced in. That way the speculator can make a quick 10% if he is lucky. Never a guarantee

Meaning you are BUYING before the dividend announcement. So you have no clue that there will even be a dividend at all. There may not even be a rally at all.

What happened to oando price today?

wanaj0:
Meaning you are BUYING before the dividend announcement. So you have no clue that there will even be a dividend at all. There may not even be a rally at all.

That time by dividend ex-date, good stock sold around 5-6% dividend yield; if at declaration dividend yield is 8-10%, jumping in could still give a 10-20% return before/by ex-date

For example, zenith bank with a dividend yield of 8% and a good result at that could have appreciated to 38-40 still with a yield of over 6%

But monkey don wise now

Forte Oil
Q1
http://www.nse.com.ng/Financial_NewsDocs/21775_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf


non controlling interest cant complain

Agbalowomeri:
Where you see pe of 2? I doubt it
It should be around that 4 too if we assume year end eps of 60kobo

However, I think the market has moved on past year end results and the dividend will only be a bonus IMO (I assume there will be a general bull throughout May).

Disclosure: one of the two I am targeting next week

9months was 70k, I'm expecting full year to be 80 - 90k which makes their PE around sub 3.

Anyway, Fidelity screams undervalued to me at the moment, but I have a few units already and I don't want to add more to a stock I don't know what it's problem is.

Bullish MAY Issa prayer. Q1 results should set the pace.

So FANG is a stock that sells for #50 a unit, with 1 million, you'll load about 20,000 units. Dividend of #4 per unit is declared. You decide to wait till markdown to sell, so you can qualify. Sales proceeds after markdown becomes 20,000*46 = 920,000
Dividend proceeds = 20,000*4*0.9= 72,000

New capital = 992,000

If you decide to wait till prices recover from markdown, you won't get to take positions in other stocks for their dividends, so you sell off ASAP.


Now, prices haven't started down trending yet, but the direction your portfolio is headed is pretty obvious.

Price markdown is the bane of the strategy.

A better strategy in my opinion is to sell a stock before markdown and repurchase it afterwards. That'll give you a little more than taking dividends, as it eliminates the WHT deduction.

mendes911:
I am watching to see if there's any surprises behind that 3rd quarter result.

I hope not.

I hope not too, but CBN might force them to surprise us.

A lot of banks were made to take impairment of their popular NPLs. I was reading the disclosures of one Bank the other day and I was just smiling. Some loans apparently get bad almost immediately after disbursement. Bank managers should start being careful, free govt money era of laulau spending is over.

Parisfran:
9months was 70k, I'm expecting full year to be 80 - 90k which makes their PE around sub 3.

Anyway, Fidelity screams undervalued to me at the moment, but I have a few units already and I don't want to add more to a stock I don't know what it's problem is.

Bullish MAY Issa prayer. Q1 results should set the pace.

This was annualised

makashava:
What happened to oando price today?

I think the news of fresh litigation by some shareholders probably set in some restraint. It might still be otherwise though.

fxuser:
Forte Oil
Q1
http://www.nse.com.ng/Financial_NewsDocs/21775_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf


non controlling interest cant complain

Owners of the company to be bought over by NCI very very soon.....

Hmmmmm...Femostic!

FG Reshuffles SEC Management, Appoints Mary Uduk New Acting DG
https://www.businesspost.ng/2018/04/13/fg-reshuffles-sec-management-appoints-mary-uduk-new-acting-dg/

Nigerian Breweries Vows to Deliver Good Returns on Investment to Shareholders
https://www.businesspost.ng/2018/04/13/nigerian-breweries-vows-to-deliver-good-returns-on-investment-to-shareholders/

makashava:
What happened to oando price today?

It did not have enough sellers.

fxuser:
Forte Oil
Q1
http://www.nse.com.ng/Financial_NewsDocs/21775_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf


non controlling interest cant complain

This coy has too many red flag written all over it !!

With OPEX and finance cost gulping over 60% of gross profit,
CoS greater than total revenue Q/Q and cutting off nearly 83% of revenue from Q1,
Non-controlling interest draining off approx 82% off from PAT (...after more than doubling Q/Q),
EPS from the company dropping by an alarming 437% Q/Q,
The small matter of an apparent increase in short term borrowings.
Plus a negative cash position as at end of Q1, then anyone who's still here might be taking a dreadful risk.

Discounting the proceeds of non-controlling interest, PAT for the period is a clear sign that shareholders are seriously been short changed.
With this result, I now have a fair price of N13.
Only small positive for me is the infinitesimal increase in retained earnings.
...and so Forte Oil remains a SELL and an urgent one at that from my end !!
To those who care to listen, there are a bit too many red flags written all over this coy. ...and I will be very worried if I were a shareholder.

A stitch in time they say, saves nine !! ...but then again, Mr Market might have other plans.
Enough said.

NOTE: This is purely the opinion of Onegentleguy and therefore not any kind of outright recommendation.
...DD still always advised pls.

@ deepsuk or whatever u call urself, why would u keep posting offensive and highly obscene write-ups here time and again?
This forum is a platform that's built on financial inclusiveness around the stock market, and u know it.

u are totally disgusting !!
...ur a complete shame and a misfit in society.
U should be very ashamed of urself If indeed ur a human being. ...which I suspect ur not !!
Its clear ur not even fit enough to have been an Autrolopitacus Africanus, let alone a Homo Erectus !!

Keep putting out ur miserable low life in public.

...beautiful nonsense !!

US seems serious with the airstrike, well oil crude price is moving up already, let's see how far up it will go.

onegentleguy:
@ deepsuk or whatever u call urself, why would u keep posting offensive and highly obscene write-ups here time and again?
This forum is a platform that's built on financial inclusiveness around the stock market, and u know it.

u are totally disgusting !!
...ur a complete shame and a misfit in society.
U should be very ashamed of urself If indeed ur a human being. ...which I suspect ur not !!
Its clear ur not even fit enough to have been an Autrolopitacus Africanus, let alone a Homo Erectus !!

Keep putting out ur miserable low life in public.

...beautiful nonsense !!

I really appreciate the fact that each member has ignored the rubbish post by whatsoever she might has called herself, sir kindly place her in absolute ignore list. A day will come when she will need good advise and there will not be any one to answer her. Big boss kindly save your energy to analyze the next opportunity which is available in the market and the implications of this https://www.pmnewsnigeria.com/2018/04/13/adeosun-appoints-uduk-as-new-acting-sec-dg-re-assigns-portfolios/?utm_source=&utm_medium=twitter
to the market.
Good morning sir

MishdaFish:
Arrived Late na remnant of gift item I come get, eno reach my transport money sef. ( Mug, Towel, jotter, Annual report and pen) in a big gift pack. The meeting was well attended!

Hmmmmmmmm, just convert my portion to just 500 units of Seplat. I go manage am

[quote author=dipoolowoo post=66689542

]FG Reshuffles SEC Management, Appoints Mary Uduk New Acting DG
https://www.businesspost.ng/2018/04/13/fg-reshuffles-sec-management-appoints-mary-uduk-new-acting-dg/

What are implications of this to the market?

phemmie06:
I really appreciate the fact that each member has ignored the rubbish post by whatsoever she might has called herself, sir kindly place her in absolute ignore list. A day will come when she will need good advise and there will not be any one to answer her. Big boss kindly save your energy to analyze the next opportunity which is available in the market and the implications of this https://www.pmnewsnigeria.com/2018/04/13/adeosun-appoints-uduk-as-new-acting-sec-dg-re-assigns-portfolios/?utm_source=&utm_medium=twitter
to the market.
Good morning sir

Who Dey ask u 4 advice ?

Munu go and advise your momsy

Mfr

Oya round 11 Dey start


I Dey carry go

See yall later

Dwizeone:
US seems serious with the airstrike, well oil crude price is moving up already, let's see how far up it will go.

Damascus has been attacked.

Russians have seen a smarter missiles than theirs. After this they will re-evaluate their technology and will not escalate the war further because they have seen a better tech than theirs.

Oil price may hit 100 before the month ends if Russia attempts to strike US.

Russia may open a new front in Ukraine where Putin will send in troops to reclaim more of Ukrainian territory just to anger the world.

Key into big banks with bad O & G loans. Recovery is gradually coming.

I'm not a war monger but all these analysis na to find how to profit from the current state of the world.