DeRuggedProf:


Oga OGG,
Why are you preventing sizeable offers from becoming available.
Are you among my village People?
One can not plan for his retirement in peace?
Did people listen to CP when there was bonanza fro CILeasing?

Ur BEST bet is to go and buy CAVERTON now !!
Stop waiting for a BONANZA that may not come. How are u sure that 80% of the renowned 'bonanza gang members' are not already in the market now. ...most persons often get carried away by 'market noise', because they've got NO STRATEGY of their own.

I once put up this NUGGETs here:
If u desire to fair well in the stock market then LISTEN to the 'songs' of the leader herds and analyst alike, but pay more ATTENTION to their dance steps.
...It's a good way to Interpret their 'lyrics and choruses', and an even better way to measure the 'rhythm and heartbeat' of the market.
~Sinclair

"When the stock market request for 'a drink' from u, give to it but ONLY if its a sound but cheap one.
...and when it offers u 'a drink', take a sip, then drink a bit more but try NOT to get intoxicated.
It's a great way to benefit more from 'him' over TIME."
~Sinclair

NOTE: Due diligence should still remain ur 1st priority.

[quote author=currentprice post=71534806]




may be u sees wema for 58kobo as a cheap price, it actually expensive base on Q2. though anything can change in 2nd half of the year.

wema price 0.58 , eps 0.04 , pe 14.5 , roe 3% etc

STANBIC bank @ N44 is cheaper than this stock talkless of zenith , eti and so on

Many thanks sir
I appreciate this

Thank you oga OGG


quote author=onegentleguy post=71537351]

U are only looking at a single factor (deriavable earnings to equity holders) in isolation.
To draw a BETTER INFERENCE in fundamental analysis, its ALWAYS BEST to look at several indices as a combination.
Let me try and do justice to a few.
Some KEY highlight:
▪ Improving ROAE. ...which prints 7.39% as at H1 2018. Given current indices, It's clear that this line will grow to well above 10% by YE.
▪ fairly steady growth in interest and non-interest income. ...with the latter growing from just above 24% to 33% in 2018 over the corresponding period of last yr.
▪ Improving CAR. ...growing by near 33% from 10% to 13.27% as at H1 2018.
It's important to note that the re-commencement of the 50B bond program will still improve CAR by above 15%. WEMA has already raised the 1st tranche of funds via bonds.
With CAR at above 32% past the CBNs regulatory minimum for banks with national license (like wema), the banks qualifying capital in proportion to its loan is very sound.
...the interpretation of this is that the banks equity measured against its risk assets is very HEALTHY !!
The banks cost of risk is also relatively low. So for those who hold the funny belief that WEMA might go the way of skye, read this;
WEMAs position on CAR, NPL and CoR clearly shows that the bank is very SOLVENT and NEVER in dare need of funds.
The banks NPL ratio of 3.3% is presently about the lowest for quoted coys in the industry.
▪ The bank also improved their Asset yield following from a better than expected loan growth. YoA currently prints at 18.24%. ...this is KEY.
▪ Management were also fairly efficient as NIM improved from approx 6% in 2017 YE to 7.24% by H1 2018.
▪ Improved LOAN GROWTH. ...coming from the back of a regressive position as at YE 2017 to 3.5% in H1 2018. The bank also expects this to hit 10% by YE.
▪ Improving customer deposit. ...from a previous all time low to 39% as at H1 2018.
With the banks present degree of Innovation, this line may well hit above 50% by YE.
▪ Despite a slightly higher OPEX and cost to income ratio, the bank still grew their net income line. ...which reflected in their ROAE, ROAA and Equity Multiplier.
Suffice to say that the main drivers for the increase in their expense line was as a result of their key technological developments and brand positioning efforts. (pls refer to the NTS)
...and so over a time adjusted basis, these innovations will most likely transform into higher earnings in TOPLINE.
▪ The bank has also been very innovative with the changing tides of the economy in other to better build on their interest income and net margin.
WEMA is currently one of the best fintech banks in Nigeria.
...their fintech space, ALAT presently speaks volume of the banks future earnings drive.

If one can read between the lines and properly dymisify these figures, u would see that WEMA is a BARGAIN at current market price !!
This bank has witnessed a remarkable turnaround in the past few yrs. Needless to say that it is a GREAT GROWTH stock !!
...those who know, know what they need to continue to do.

I also need to remind u that the essence of the banks recent capital reduction exercise was to allow for dividend payment this year.
...the bank gave guidance to this when it said it will pay a dividend this yr before completing their bond raise.

NOTE: There is absolutely NOTHING like a planned share reconstruction. ...it's important not to put out false news.
WEMA is not the only bank with a high OS.

But I do agree that there are better banking coys in the market now. UBA, ZENITH, FCMB, and STERLING are currently selling at good bargains, but not STANBIC. Dont be deceived by the Nos from STANBIC. One of this days, I shall do an expose on that coy. Current price is at a premium to true valuation.

But folks should always remmember that due diligence is still advised as always pls.

Enough said.[/quote]

Kayode121:
@ stockbull if u ar on watsapp or 2go,giv me ur contact let me add u,for betta chat

**********

miikah:

07039882979

**********

DOLLARTEX:
miikah:
07039882979
Are you stockbull ?

***********

phemmie06:
DOLLARTEX:
Are you stockbull?
Unless stockbull changed his number, that number is incorrect

***************
Just checking in and realized this ugly drama. Thanks to the commenters who at least scared the potential scammer away.


It's disheartening, one would still have to be taking responsibility of protecting one's integrity after making online presence, especially in social communities.

morgan capital and skye bank(polar) is like 5/6

they still use the bank as their main bank for customers deposit and they are the only broker i know using the bank

hope they have no skye bank share

where your arrow for the upside na, be positive for once geeeeez

Michael11stock:
where your arrow for the upside na, be positive for once geeeeez

Turn your screen upside down. It will negate the direction of his arrow.

Mcy56:
Drama still playing out at Fidelity arena..... some dont know whether to go right or left......
but the bid is growing again after Agba, oh sorry, Loco, oh sorry I mean Mpeace offloaded heavy volume

Fidelity is not for offloading. Its for loading. I see in fidelity what I was looking for in uniondac.

https://www.proshareng.com/news/Oil---Gas/$100-Oil-Is-A-Distinct-Possibility/41973

DeRuggedProf:
https://www.proshareng.com/news/Oil---Gas/$100-Oil-Is-A-Distinct-Possibility/41973

Oil is doing a topping since yesterday
To retest 70

Why am I the only one viewing this thread by 8:30pm? Has the world ended?

swilo:
Why am I the only one viewing this thread by 8:30pm? Has the world ended?

Home alone

swilo:
Why am I the only one viewing this thread by 8:30pm? Has the world ended?

Member has travel to enforce minimum wage strike

Agbalowomeri:


Home alone

I have been studying Fidelity bank result like I have an exam to write on it.

This seems to be the magic.

Credit related fees NGN 4,270 (H1 2018) --- NGN 568 (H1 2017).

Please, any explanation for this increase? These days there is usually a reason to believe the banks always have something to hide.

currentprice:

thks 4 d graph

Sterln bank
- (putting the yeye MM volume behaviour aside)
- SP breaking into month 4 high
- monthly macd above zero line
- monthly RSI holding above 50
- SP breaking back above 50dma & 200dma
- even d 50 dma is curving back to break above d 200dma
- weekly MACD breaking above the sig line
- BB squeeze with price breaking above the mid line
- daily macd rising above the zero line join ehn ehn . .
and be be lo


#JustObserving

Caverton
- 6 consecutive lower monthly closures
- weekly / monthly resemble cup and handle ! !
- WIP

#justObserving

heyteaherm:
Gtb looks ripe for a wave 2 correction after forming a weekly hammer candlestick with long leg lower shadow , and strong volume , also the VCPI confirms the price action is ready for a correction. a wave 2

Buy from NGN 32 - NGN 35

Take profits from NGN 40 - NGN 42

20% correction.

GTB update

- SP thrusting out from that massive weekly pin bar 2wks a ago !
- here comes d lower high in d making !

A question please, what does it mean when we say:

PROFIT FOR THE PERIOD is 11,843 and TOTAL COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX is 8,514 when tax has been deducted previously.


Secondly, wouldn't it be right to factor in the reclassified losses when calculating the true EPS?

Is there a separate account where these reclassified losses are channeled to (eg the retained earnings)?

#refer to Fidelity H1 result.

Mpeace:
Fidelity is not for offloading. Its for loading. I see in fidelity what I was looking for in uniondac.

Is BONANZA still coming?

Bishopking:


Is BONANZA still coming?

e go do you vum for eye.you better grab your copy,while stock last.

My eyes were just opened to some ratios. It is amazing the way a newbie can be easily deceived.

Assignment for all newbies:

Go an do the basic maths of calculating how much profit each company on NSE makes from a revenue of 1 billion.

You will quickly see why some companies are preferred over others, you will know why some kobokobo banks are actually more expensive in the long run.

DOLLARTEX:
e go do you vum for eye.you better grab your copy,while stock last.

My brother, look well before you cross.

swilo:


My brother, look well before you cross.

OK,what is your take on fidelity H1 result?

DOLLARTEX:
OK,what is your take on fidelity H1 result?

To load or to offload?

DOLLARTEX:
OK,what is your take on fidelity H1 result?

If you observe carefully, I put some questions above that need to be clarified.

Well, I think Fidelity Bank hired a very good doctor this year.

veecovee:
Waooooooow!!! This is the kind of argument we need here.

Where are you wanajo and currenprice

Come defend your FA and TA!!!

Defend? Really

I only explained to currentprice the 'abracadabra' that made their retained earnings to move 'suddenly' from positive to negative.

Wema does not meet my investment criteria and it is a PERSONAL thing. Same way NOSPETCO and co never entered my consideration. I don't comment on the possibility or otherwise of people making money!

Life is all about choices. We don't all have to make the same choices. And note, any choice you make, you are RIGHT.

OBAGADAFFI:


I don't agree with the bold.

The only reason stanbic is selling @44 is simply because the biggest investors are not offloading.

AND why do you think the biggest investors are not offloading? Why are those BIG investors not in Wema, Japaul, Skye and co?

Mcy56:

With the delay in Fidelity result, it was believed that it would be worst but the opposite was the case.
That's one of the reasons why investment is risky in itself cos despite those fears, some people were still buying then.
....but I guess they were forced to push out their report cos of the skye saga.

How many months delay compared to SKYE?

There are many reasons why audited results can be delayed. It is not only because the result is BAD. Auditors give priorities to companies based on audit fees and the controls you have in place.

If Fidelity full year result is LATE then something definitely is wrong with their systems/controls which is a RED flag.