Nigerian Stock Exchange Market Pick Alerts - Investment (4005)

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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:51am On Oct 17, 2018

cuteboy2:

This is a rather poor Q3 results.
I don't expect different results from other banks, except
perhaps GTB

Yimu
they all run things differently ok ?.
Na so una carry una prophecies come for fcmb h1 .. even fidelity.
If you are not a staff of any company on NSE or sit on the board, just wait patiently for the results.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Bishopking: 4:06am On Oct 17, 2018

Yayira:

Yimu
they all run things differently ok ?.
Na so una carry una prophecies come for fcmb h1 .. even fidelity.
If you are not a staff of any company on NSE or sit on the board, just wait patiently for the results.

What is right price for wema?

Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:06am On Oct 17, 2018

http://thenationonlineng.net/banks-cut-lending-over-election-fears/

Banks cut lending ‘over election fears’
Posted By: Collins Nweze On: October 17, 2018

Many commercial banks will restrict lending plans ahead of the 2019 general elections, the Managing Director, Afrinvest West Africa Limited, an investment and research firm, Ike Chioke, said yesterday.

Speaking during the release of the 2018 ‘Nigerian Banking sector Report’ in Lagos, he said lenders are already cutting loans to key sectors of the economy, due to the need to reduce the political risks and ensure safety of their funds.

Chioke, who released the report with the theme: ‘An Economic Agenda for A New Government’ said banks are afraid of taking risks with their funds.

He said: “ Four years after the 2015 general elections, Nigeria proceeds to the polls again in 2019 to determine its leadership for Sub-nationals and the Presidency. In predictable fashion, the political environment is heating up, new alliances are emerging and defections across the biggest parties have punctuated the polity. These events are evidence of the prevailing political risk factor in Nigeria, creating uncertainty in the environment, with potential impacts on business and investor confidence”.

He said the election fears have also led to drop in foreign direct investments entering the country.

He projected that growth would reach 2.1 per cent year-on-year in 2018, revised downwards from initial expectation of 2.6 per cent, given the slower than expected recovery in the non-oil sector.

“To achieve this, we believe that increased spending ahead of the 2019 elections will support non-oil sector activities, while increased oil output due to an additional 0.2 million barrels per day from the Egina Oil Field will drive oil sector growth,” he said.

Continuing, he said economic performance so far reveals that it continues to trail its long-term growth performance and levels seen prior to the recession.

“Indeed, more worrying is the fact that growth remains below population growth, which indicates that people have grown poorer on average, and this trend will persist into 2020. In our opinion, breaking out of this cycle requires structural reforms, without which investment and growth will remain poor,” Chioke stated.

On the state of the banks, he said the banking sector proceeded into 2017, on the back of successive years of growth in revenues and earnings. With economic conditions deteriorating, the expectation was that the industry was entering a low-growth phase when strong Return on Equity (ROE) performance of the past would drop. However, the industry remained resilient in the face of significant pressure,” he said.

He said that banks’ ROE rose as revenue and profits accelerated, while banks’ capitalization was stronger, with average capital adequacy ratio rising to 20 per cent in 2017 from 18.4 per cent in the previous year.

However, despite improving micro-economic fundamentals, banks’ asset quality deteriorated, further in 2017, with industry non-performing loans increasing to 9.3 per cent.

Chioke said the financial performance of the sector was driven by the tight monetary policy of the Central Bank of Nigeria (CBN), which with its overreaching responsibility for price stability, kept rates high and system liquidity low, by conducting consistent open market operations.

“Consequently, at the start of the years, banks were able to lock in high yield investments, which crowded out private sector borrowing, while in the latter part of the year, market volatility allowed some operators to record substantial trading gains,” he said.

Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:21am On Oct 17, 2018

Even the banking sectors are afraid of election as foreign investors, and will reduce the level of loan they give, or may even stop giving till after election.
This is a sign of 2019 change of government which is inevitable.

Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 5:34am On Oct 17, 2018

swilo:

Sir OGG,

I have some questions, I have asked before but didn't get practical response:

1. will the OS double?
2. will the PE remain the same?
3. if question 1 is yes, is N3.40 FP with respect to the N1.85 post bonus issue?
4. if it were a stock split, how would it be different from this?
5. Lastly, why give dividend if the bonus is suppose to be an added advantage?

Please, use this CUTIX as a direct reference so it will be clear to me.

Thanks for all the responses Sirs, and OGG thanks.

Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 5:42am On Oct 17, 2018

kolaish:

1. Yes. Cutix OS will move from 880m units to 1.76b units (x 2)
2. The PE cannot remain the same again because the EPS will now be divided by the new OS.
3. To me, the fair price now should be hovering around 170k until the company releases the Q1 which will determine its present value (This is @currentprice area of specialization)
5. The management thought that the company is a bit bouyant to give both dividend and bonus. Subsequent release of quarterly result will determine if the management is right or wrong.

Thanks Kolaish. I will check out #4 myself.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:11am On Oct 17, 2018

cuteboy2:

This is a rather poor Q3 results.
I don't expect different results from other banks, except
perhaps GTB

Not true. Some banks will do exceedingly well.

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 6:49am On Oct 17, 2018

cuteboy2:

This is a rather poor Q3 results.
I don't expect different results from other banks, except
perhaps GTB

How the result take poor brother, hope u didn't arrive at your conclusion because of teeth grin

posting along the result. It understandable if you say the result is flat but not poor. PE of 3.5 at year end

Based on the result UBa fair price stand at N16 with one more Q to go. Thatz 100% discount to the currentprice

grin

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 7:09am On Oct 17, 2018

UBA
- still respecting the 10wk ema since march

Re: Nigerian Stock Exchange Market Pick Alerts by arduino: 8:20am On Oct 17, 2018

Chibuking81:
Even the banking sectors are afraid of election as foreign investors, and will reduce the level of loan they give, or may even stop giving till after election.
This is a sign of 2019 change of government which is inevitable.

I hope you have your PVC......Elections are not won on Tweeter, Facebook or Nairaland

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:26am On Oct 17, 2018

arduino:

I hope you have your PVC......Elections are not won on Tweeter, Facebook or Nairaland

..not even at 'p*oing' units. angry

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:36am On Oct 17, 2018

fxuser:
UBA
- still respecting the 10wk ema since march

It has since become a slave to it... grin

Re: Nigerian Stock Exchange Market Pick Alerts by pasuma(m): 8:57am On Oct 17, 2018

Chibuking81:
Even the banking sectors are afraid of election as foreign investors, and will reduce the level of loan they give, or may even stop giving till after election.
This is a sign of 2019 change of government which is inevitable.

Lies from the pits of Hell.. No change is coming whether you like it or not.. Elections are not won on twitter or facebook ..

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by shina88: 9:08am On Oct 17, 2018

Join Industry Experts at the 2018 Traders, Investors & Analysts (TIA) MEETUP at the Nigerian Stock Exchange, Marina, Lagos on 30th & 31st October, 2018. Register Now http:///2RrTJgo

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:29am On Oct 17, 2018

http://www.nse.com.ng/Financial_NewsDocs/23934_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

I just pity the investors in this company. They need at least 200b in fresh equity. The 90b they are looking for is just scratching the surface.

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 9:40am On Oct 17, 2018

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/23934_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

I just pity the investors in this company. They need at least 200b in fresh equity. The 90b they are looking for is just scratching the surface.

The investors are doing fine... grin

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 9:48am On Oct 17, 2018

veecovee:
Kedu maka "oil market"?

cc currentprice

Kedu ka ihe di " oil market should go up today " if nothing serious come up later

let go buy oyel

grin

Re: Nigerian Stock Exchange Market Pick Alerts by longlife20: 9:49am On Oct 17, 2018

http://www.nse.com.ng/Financial_NewsDocs/23935_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_OCTOBER_2018.pdf

Re: Nigerian Stock Exchange Market Pick Alerts by yok: 10:00am On Oct 17, 2018

NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 16 OCTOBER 2018

MSCI Nigeria’s portfolio sill no movement.

Trading volume/All share Index improved yesterday, but looking deep shows no reason to be optimistic yet (there were more losers than gainers and a penny stock accounted for the bulk of the volume, for which to get the real volume, I will remove the total volume traded for Sunu Insurance).

Yesterday, the market closed far beyond the projected high, meaning there is still hope that big fall in price is not likely to happen soon. For today expected High is 33,834.95 [/b]low at [b]32522.20.

In view of the fact that some additional information on our postings will now be added, you can check our twitter handle “Target Technical Analysis”.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B

1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:10am On Oct 17, 2018

So Mr Tony Elumelu has turned Transcorp Nigeria PLC affairs to Family and Friends going by the recent appointments of the Executive and Non Executive Directors.

I doubt if Trancorp will ever grow with the crop of people at the helms of affairs.

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:15am On Oct 17, 2018

arduino:

I hope you have your PVC......Elections are not won on Tweeter, Facebook or Nairaland

pasuma:

Lies from the pits of Hell.. No change is coming whether you like it or not.. Elections are not won on twitter or facebook ..

don't mind oga chibuking, just read and pass. u should have known his mind to the current govt. when he said there is going to be a change in government in Lagos

grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:18am On Oct 17, 2018

But he is the one running the company by proxies now. Remember that if not for his intervention the company would have been history.

samguru:
So Mr Tony Elumelu has turned Transcorp Nigeria PLC affairs to Family and Friends going by the recent appointments of the Executive and Non Executive Directors.

I doubt if Trancorp will ever grow with the crop of people at the helms of affairs.

Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 10:21am On Oct 17, 2018

http://www.nse.com.ng/Financial_NewsDocs/23935_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_OCTOBER_2018.pdf

Delay in submission of result

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:34am On Oct 17, 2018

rebekah2011:
But he is the one running the company by proxies now. Remember that if not for his intervention the company would have been history.

This is the way Erastus Akingbola started and ran defunct Intercontinental Bank aground
This is the way Cecelia Ibru started and Oceanic bank was history

If a company is afraid to introduce new people into her management team, then there is a serious cover up going on and this will explode soon

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:50am On Oct 17, 2018

DeRuggedProf:

The investors are doing fine...

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/23934_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

I just pity the investors in this company. They need at least 200b in fresh equity. The 90b they are looking for is just scratching the surface.

Its been a long time since I last saw Pa Emma. He bought and even bought the rights issue.
Our 3Euro guy is also heavy here (although he will come and deny).
On a serious note, Oando is better than this company.

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 11:04am On Oct 17, 2018

I agree with you on this Sir. I saw a line item in Africa Prudential Plc audited accounts in 2016, the company borrowed money to lend to Transcorp Hotels. In the books of Africa Prudential. It was not clearly stated what the money was used for but in Transcorp Hotels it was stated as money due to a related party. the question is to why overburden Africa Prudential financials with an unnecessary loans

samguru:

This is the way Erastus Akingbola started and ran defunct Intercontinental Bank aground
This is the way Cecelia Ibru started and Oceanic bank was history

If a company is afraid to introduce new people into her management team, then there is a serious cover up going on and this will explode soon

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:05am On Oct 17, 2018

Bishopking:

What is right price for wema?

Ask Ogg or CP for this stock’s right/fair price.. I’ve learnt not to use it for stocks like this.. I use safe price which is 0.55 grin

there’s always a bounce here and loads offer at 0.70

Re: Nigerian Stock Exchange Market Pick Alerts by temple2grace: 11:06am On Oct 17, 2018

Noticed investing.com isn't up to date on NSE price data.

Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 11:08am On Oct 17, 2018

Mpeace:

Its been a long time since I last saw Pa Emma. He bought and even bought the rights issue.
Our 3Euro guy is also heavy here (although he will come and deny).
On a serious note, Oando is better than this company.

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:21am On Oct 17, 2018

temple2grace:
Noticed investing.com isn't up to date on NSE price data.

https://tradingeconomics.com/nigeria/stock-market

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 11:50am On Oct 17, 2018

omoboy110:
Hello people i'm interested in investing in stocks,i will like some recommendations like stock brokers and where i can get materials to read so i can understand the stock market
Thanks in anticipation

You can start by downloading these materials

https://zerodha.com/varsity/module/introduction-to-stock-markets/

https://zerodha.com/varsity/module/fundamental-analysis/

You can also attend this event if you are in Lagos

shina88:
Join Industry Experts at the 2018 Traders, Investors & Analysts (TIA) MEETUP at the Nigerian Stock Exchange, Marina, Lagos on 30th & 31st October, 2018. Register Now http:///2RrTJgo

1 Like

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