₦airaland Forum

fxuser:
Brent
- taking some daily pullback breaking below $77, tnx to Trump The Disruptor

look like oil is gona fall today. waiting for crude oil inventories news by 3.30

stcool:
MTN overvalued? Better than 80% stocks listed on the NSE both in terms of revenue and profit, presently or future projections.

it will be overvalued due to d Nigerian factor. I had they are listing from start over 20 billion units . what is their share outstanding in south Africa and other exchanges?

yom2:
it will be overvalued due to d Nigerian factor. I had they are listing from start over 20 billion units . what is their share outstanding in south Africa and other exchanges?

imagine and am sure the outstanding would be less than 1 billion unit before listing

currentprice:
look like oil is gona fall today. waiting for crude oil inventories news by 3.30

ChibuKing will feed fat on us today, LOL.

KingDTee:
Sorry I couldn't stand the Idiot!!!!
But all the same, thanks for the advice Sir OGG. But pls u need to try and post more often. I am certain that many here (including my very self) appreciate ur person.
Thank u once again.

With due respect, I implore you to please stop using those vulgar language on anyone on this forum. Yes, you may have been annoyed for one reason or the other, but it doesn't warrant such language please. We are all here for a common purpose irrespective of our ideas.

@mendes911 and others on this forum, Once again, I appreciate you all but please this is NSEMPA, let us stop discouraging others from posting ideas on this forum, we have lost so many people on this forum because of that attitude. if anyone has a contrary opinion, there are ways you respond diplomatically to it, think of the time/energy that the person used in the research before he/she comes up with the stock pick. Good luck.

yom2:
it will be overvalued due to d Nigerian factor. I had they are listing from start over 20 billion units . what is their share outstanding in south Africa and other exchanges?

http://www.businessdayonline.com/exclusives/article/mtn-nigeria-ipo-begin-august-secs-go-ahead/

MTN Nigeria has around 402 million shares in issue, the same amount in preference shares, which it sold at $0.99 in 2007.

As part of the IPO it would split one share into 50 units, to create 20 billion shares, which would be listed on the bourse and set the IPO price via book building, according to a Pre- IPO presentation.

For full year 2017, MTN Nigeria subscriber’s base was 52.3 million, its revenue increased by 11.4percent and data revenue increased by 86.6percent.

currentprice:
look like oil is gona fall today. waiting for crude oil inventories news by 3.30

I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

stcool:
MTN overvalued? Better than 80% stocks listed on the NSE both in terms of revenue and profit, presently or future projections.

Although reports about this IPO have been mostly speculative and unconfirmed.

But I've heard they intend raising $500m from the IPO, and again I hear they'll be listing about 25% of the business.

Should this numbers correspond, a $2bn cap would make MTN NG grossly undervalued.

For me, if the offer implies a cap of $5bn or less, it'll make a great deal.

It's no brainer to realize that this stock will be an FPI favourite, and will enjoy the same premium pricing as NESTLE and STANBIC.

One of our many lessons in this trade is to realize that a rule may not always hold in every case, so "It's probably overpriced" may not be true of this IPO.

Let's just keep an eye out for the implied fundamentals of the stock when the offer gets published.

Market cap,
PE,
DY,
and sorts.

NESTLE, DANGCEM, STANBIC, which of these trade below their IPO prices?

Not every stock is same, not all IPOs will be same.

Because our currency is currently overvalued, as our petrol subsidy cost is becoming overbearing. They won't devalue the naira till after the election

yom2:
I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

awesomeJ:
Although reports about this IPO have been mostly speculative and unconfirmed.

But I've heard they intend raising $500m from the IPO, and again I hear they'll be listing about 25% of the business.

Should this numbers correspond, a $2bn cap would make MTN NG grossly undervalued.

For me, if the offer implies a cap of $5bn or less, it'll make a great deal.

It's no brainer to realize that this stock will be an FPI favourite, and will enjoy the same premium pricing as NESTLE and STANBIC.

One of our many lessons in this trade is to realize that a rule may not always hold in every case, so "It's probably overpriced" may not be true of this IPO.

Let's just keep an eye out for the implied fundamentals of the stock when the offer gets published.

Market cap,
PE,
DY,
and sorts.

NESTLE, DANGCEM, STANBIC, which of these trade below their IPO prices?

Not every stock is same, not all IPOs will be same.

You have a point but it's way out of my league

yom2:
I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

Amongst other reasons,
The surge in reserves positions were partly due to eurobond issuances. There haven't been much of those recently (since May), rather, coupons on the ones issued have been due for payment. So the relatively less inflows and more outflows explains the stagnation to some extent.

Agbalowomeri:
You have a point but it's way out of my league

Maybe it's too early to conclude. Would you really pass on an 18% DY on this stock?

jideflash:
Because our currency is currently overvalued, as our petrol subsidy cost is becoming overbearing. They won't devalue the naira till after the election

I don't think the currency is over valued.

We are however spending a lot of money importing petroleum products and subsidising the entire West Africa. We are now 'consuming' 65 Litres of PMS daily!

Devaluation should not be on the table at all.

NSE Nominal Transfers Rules Take Effect Today
https://www.businesspost.ng/2018/07/11/nse-nominal-transfers-rules-take-effect/

awesomeJ:
Maybe it's too early to conclude.
Would you really pass on an 18% DY on this stock?

Are you sure you will find 10% DY here?

Agbalowomeri:
Are you sure you will find 10% DY here?

Take a look at NESTLE and STANBIC, 5-8% should be more like it.
The 18% was hypothetical.

yom2:
I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

The reserves are not growing because Nnpc is still secretly subsidizing pms. The recent FAAC emergency meetings shows this. Despite the rise in price of crude, revenue from nnpc didnt grow, salaries cant be paid conveniently. Despite the rise , pms has still managed to remain at 145. Our reserves are being used to manage the situation.


They havent increased pump price because of elections.

Oando
- BB squeeze / contraction
- after contraction comes expansion but to wh way #um

samzepaparazi:
The reserves are not growing because Nnpc is still secretly subsidizing pms. The recent FAAC emergency meetings shows this. Despite the rise in price of crude, revenue from nnpc didnt grow, salaries cant be paid conveniently. Despite the rise , pms has still managed to remain at 145. Our reserves are being used to manage the situation.


They havent increased pump price because of elections.

'' more like openly ''

FO
- bears given a yellow card for now !

fxuser:
Oando
- BB squeeze / contraction
- after contraction comes expansion but to wh way #um

konko below
ko below

Zenith
- not a bad place to be wrong

#like

Agbalowomeri:
konko below
ko below

hehehehe dis Agba sef

Transcorp
- to re-test below 1.20 , sellers will need some back up dis time
- wicked bottom buyers are behind d wall lollxxx

Aiico
- abv avg vol
#um

jideflash:
Because our currency is currently overvalued, as our petrol subsidy cost is becoming overbearing. They won't devalue the naira till after the election

Pls elaborate more on this, i can start accumulating more dollars instead of equity

Agbalowomeri:
Are you sure you will find 10% DY here?

If the DY reach 5% ,that will be a miracle.

maishai:
Pls elaborate more on this, i can start accumulating more dollars instead of equity

Pls learn from Oga Myjoy08 before you pay international tuitions fees as a local student in LAUTECH. Anyway, some people bought $ @ 500 NGN with the hope of selling when it gets to 1000 /$ as predicted by some analyst then.

Jejebabaa:
Pls learn from Oga Myjoy08 before you pay international tuitions fees as a local student in LAUTECH. Anyway, some people bought $ @ 500 NGN with the hope of selling when it gets to 1000 /$ as predicted by some analyst then.

But some people bought the same $ @ 200 and sold at 500 NGN.

Market is dull o

pluto09:
But some people bought the same $ @ 200 and sold at 500 NGN.

It was logical then because oil price was crashing but now, will election warrant another crash. I doubt but never say never sha.
People can always go ahead to do whatever suits them.

https://nairametrics.com/new-currency-futures-rates-point-to-possible-weakening-of-the-naira/

also, election dollar demand for bribes and laundering. pullout of some foreign investors due to the political volatility, us-china trade war, us interest rate hike.
alarming cost of petrol subsidy. record growth in nigeria imports level.

We are just doing patch patch with our economy.

well, wetin i sabi sef.

maishai:
Pls elaborate more on this, i can start accumulating more dollars instead of equity

musty00:
Market is dull o

true, at 10.15am only oneww unit of one of my stocks was traded