ndidigood:
My56 where art thou? Show ursef abi u folo de fine work?

...which work pple dey find nowadays. I beg yarn me

Radio silence! I hope say una never go board diamond bus? Hence the silence because of its today performance. Because so many bagholders are in the making on this stock.

Smart money that bought at low prices have booked profits already.

ndidigood:
UA such a funny guy,oya nowww lezzz go dr.

Una see as I win jackpot

Agbalowomeri:


Una see as I win jackpot

You don win "14 Years" behind somewhere....

BullBearMkt:

...which work pple dey find nowadays. I beg yarn me

Aliko dangote the richest African still de expand Biz,breaking grounds,acquiring wealth and he node rest.
So why shd we depend on one stream.dazall.

ndidigood:
My56 where art thou? Show ursef abi u folo de fine work?

Lol.
Me self follow go find work o xmas don near. Deepsuk where art thou? Work dey your side?
Is that mendes and loco finding work in that pic?

Mcy56:

Lol.
Me self follow go find work o xmas don near. Deepsuk where art thou? Work dey your side?
Is that mendes and loco finding work in that pic?

Lazy youth

Mcy56:

Lol.
Me self follow go find work o xmas don near. Deepsuk where art thou? Work dey your side?
Is that mendes and loco finding work in that pic?

u should know naw,no be u and them de drag front seat for class,copying note as if tomoro node
Me l like coming late to class,sitting at the back,l no like copying tooo much note,jus my handout.

ndidigood:
u should know naw,no be u and them de drag front seat for class,copying note as if tomoro node
Me l like coming late to class,sitting at the back,l no like copying tooo much note,jus my handout.

Lazy yoot
I recognized Loco sha, na im wear blue but that second one dey confuse me.

Agbalowomeri:
Lazy youth

Pls everyone,help me look into regal insurance,l don't do insurance since m trapped in staco since 08,but m thinking of trying to try my luck.

ndidigood:
Pls everyone,help me look into regal insurance,l don't do insurance since m trapped in staco since 08,but m thinking of trying to try my luck.

A little write up I made on Regency Alliance. Not a buy recommendation.

Introduction
Regency Alliance Insurance Group consists of the following; Regency Alliance Nigeria an insurance company in Nigeria, 51% ownership interest in Regency NEM Insurance Ghana, RIC MFB a microfinance bank in Nigeria, RIC Property and Investment Limited - a property and investment company and RIC Technologies an IT firm that provides car trackers for clients. The company is run by Mr. Biyi Otegbeye that owns an 11% stake in the company.
The company has a 6 year history of profitability it has grown its shareholder’s funds from N3.88bn in 2013 to N5.5bn while it has posted a five year average PAT of N420m which ranged between N220m and N611m


Financial Metrics
Market Capitalization: N1.33bn
Share Holders Fund: N5.5bn
Retained earnings Sept 2018: N484m
Asset Base N8.6bn
Liabilities: N3.2bn
Last Financial Year’s Profit: N220m
Latest Quarter’s Profit: N508m (9months)
Expected Full Year Profits: N626m – N700m
Price to Book Ratio: 0.24
Price to Earnings Ratio Backward: 6.04
Price to Earnings Ratio Forward: 2
Latest Dividend 3k
Dividend Yield 15%
Expected Dividend 3k- 4k
Expected Dividend Yield 15% - 20%
Finance Cost: N/A
Free Float: 78.6%
Share Price Year High 50k
Share Price Year Low 20k
Share Price 5 Year High 50k
Share Price 5 Year Low 20k


Bull Points
1. We expect an improvement in Profit after Tax (PAT) N660m compared to last year N220m. Full year PAT 2018 is expected to be 300% that of 2017.
2. The expected dividend yield 15%- 20% is expected to be one of the highest in the industry for 2018.
3. The forward PE Ratio is pretty low given the a forecast of about 2 which suggest that the stock is very cheap
4. Technically the stock is at the floor price and under normal circumstances cannot fall below this level which protects against capital loss
5. The company is in a stable financial position with little risk of financial distress
6. The company was able to profitable operate during the previous recession in the economy
7. Company stands to profit from the increase of interest rates expected in the economy
8. The company has a history of paying dividends over a five year period
9. The company has been profitable over a 5 year period and has paid dividends over this period
10. The company is a viable takeover candidate given the free float of 78%, affordability Market Cap N1.33bn and cheapness – forward PE of 2. Any takeover will make the price shoot up like with the recent case of NEM insurance







Bear Points
1. The stock has limited liquidity with limited mass appeal
2. The management is distracted. The MD has political ambitions but has not yet resigned from the company. This might lead to a diversion of funds and possible political backlash against the company
3. There is a potential that the company might soon have a change in management if the MD’s political ambitions come to fruition
4. The free float means that the potential supply off stock is substantial relative to that held by management.
5. The stock has low volatility as it tends to stay at a specific price points for prolonged periods of time first 50k and now 20k.
6. The company has limited exposure to quoted equities which was N697m as at Sept 2018

MonkeyHunter:


A little write up I made on Regency Alliance. Not a buy recommendation.

Introduction
Regency Alliance Insurance Group consists of the following; Regency Alliance Nigeria an insurance company in Nigeria, 51% ownership interest in Regency NEM Insurance Ghana, RIC MFB a microfinance bank in Nigeria, RIC Property and Investment Limited - a property and investment company and RIC Technologies an IT firm that provides car trackers for clients. The company is run by Mr. Biyi Otegbeye that owns an 11% stake in the company.
The company has a 6 year history of profitability it has grown its shareholder’s funds from N3.88bn in 2013 to N5.5bn while it has posted a five year average PAT of N420m which ranged between N220m and N611m


Financial Metrics
Market Capitalization: N1.33bn
Share Holders Fund: N5.5bn
Retained earnings Sept 2018: N484m
Asset Base N8.6bn
Liabilities: N3.2bn
Last Financial Year’s Profit: N220m
Latest Quarter’s Profit: N508m (9months)
Expected Full Year Profits: N626m – N700m
Price to Book Ratio: 0.24
Price to Earnings Ratio Backward: 6.04
Price to Earnings Ratio Forward: 2
Latest Dividend 3k
Dividend Yield 15%
Expected Dividend 3k- 4k
Expected Dividend Yield 15% - 20%
Finance Cost: N/A
Free Float: 78.6%
Share Price Year High 50k
Share Price Year Low 20k
Share Price 5 Year High 50k
Share Price 5 Year Low 20k


Bull Points
1. We expect an improvement in Profit after Tax (PAT) N660m compared to last year N220m. Full year PAT 2018 is expected to be 300% that of 2017.
2. The expected dividend yield 15%- 20% is expected to be one of the highest in the industry for 2018.
3. The forward PE Ratio is pretty low given the a forecast of about 2 which suggest that the stock is very cheap
4. Technically the stock is at the floor price and under normal circumstances cannot fall below this level which protects against capital loss
5. The company is in a stable financial position with little risk of financial distress
6. The company was able to profitable operate during the previous recession in the economy
7. Company stands to profit from the increase of interest rates expected in the economy
8. The company has a history of paying dividends over a five year period
9. The company has been profitable over a 5 year period and has paid dividends over this period
10. The company is a viable takeover candidate given the free float of 78%, affordability Market Cap N1.33bn and cheapness – forward PE of 2. Any takeover will make the price shoot up like with the recent case of NEM insurance







Bear Points
1. The stock has limited liquidity with limited mass appeal
2. The management is distracted. The MD has political ambitions but has not yet resigned from the company. This might lead to a diversion of funds and possible political backlash against the company
3. There is a potential that the company might soon have a change in management if the MD’s political ambitions come to fruition
4. The free float means that the potential supply off stock is substantial relative to that held by management.
5. The stock has low volatility as it tends to stay at a specific price points for prolonged periods of time first 50k and now 20k.
6. The company has limited exposure to quoted equities which was N697m as at Sept 2018

Thanks so much Mr.Monkey Hunter,l really appreciate .not ur buy recommendation but a confirmatory one to me.

ndidigood:
Thanks so much Mr.Monkey Hunter,l really appreciate .not ur buy recommendation but a confirmatory one to me.

For me, it's Lasaco. If it can come down to around 21k-23k. It's more popular and I dont think liquidity is an issue here.

Btw, Mpeace insurance note don land o, if you like keep writing only oyel notes, if bullbearmrk exam reach, I go see who you go copy.

@BBM should i consider this nse a crash or a correction ?

tritritri:
@BBM should i consider this nse a crash or a correction ?

Index has lost ca. 30% from year high

Deadlytruth:
Well, you may be lucky in the end. Who knows? But based on Sentiment Analysis from my own perspective, I don't see it getting beyond 1.20 anytime soon as that would mean approaching the likes of FCMB which it is no longer mates with as regards FA and state of overall health status judging from at least the frieghtening news the media has been churning out about the bank lately.

Deadly truth! Your tone don change too, thought you said you wanted to use Agba's GA (gut analysis).

Mcy56:

For me, it's Lasaco. If it can come down to around 21k-23k. It's more popular and I dont think liquidity is an issue here.

Btw, Mpeace insurance note don land o, if you like keep writing only oyel notes, if bullbearmrk exam reach, I go see who you go copy.

Do u think lasaco will come that low?

ndidigood:
Do u think lasaco will come that low?

Anything is possible with the way things are going.
It closed 28k today and it traded at 27k during the market session. I even thought it will close at 27k self.
Let me talk like my boss: Remember bonanza time is approaching.

Agbalowomeri:


Index has lost ca. 30% from year high

i want to buy but my liver dey fail me. JAN r mostly bearish on the nse chat i think dat might be d reason y am scared to place buy. any advice...?

mendes911:
You don win "14 Years" behind somewhere...

Lol.
Btw, phemmie06, I hope you're okay. Long time.

tritritri:


i want to buy but my liver dey fail me. JAN r mostly bearish on the nse chat i think dat might be d reason y am scared to place buy. any advice...?

End of Jan might be better

Mcy56:

Deadly truth! Your tone don change too, thought you said you wanted to use Agba's GA (gut analysis).

In Fayose's words; if you decide to marry someone and on the day of wedding you discover right on the altar that he or she has AIDS, will you continue with the marriage just because you don't want to disappoint those you have invited to the wedding?

Mcy56:

Anything is possible with the way things are going.
It closed 28k today and it traded at 27k during the market session. I even thought it will close at 27k self.
Let me talk like my boss: Remember bonanza time is approaching.

This bonanza of 2019 nogo pass me o,l miss the last one but since then.l de ready once my preferred stocks come down to my level l will pick.

Deadlytruth:
In Fayose's words; if you decide to marry someone and on the day of wedding you discover right on the altar that he or she has AIDS, will you continue with the marriage just because you don't want to disappoint those you have invited to the wedding?

Lol. Wetin be the title of this subject now before I ansa d kwesion? How many marks e carry?

ndidigood:
This bonanza of 2019 nogo pass me o,l miss the last one but since then.l de ready once my preferred stocks come down to my level l will pick.

I think the main bonanza might come before and during election cos of fear of what might happen... my opinion though.
I just pray it will come and go smoothly IJN.

tritritri:
@BBM should i consider this nse a crash or a correction ?

...With the market losing over 60% of its gains since 2017 rally, to me is a crash, but some analyst look at it as a correction until it lost more than 80% (actually 78%). This is based on reversal levels. So it depends on the way you view the cup with half full water

BullBearMkt tx oga sir.

Mcy56:

Lol.
Btw, phemmie06, I hope you're okay. Long time.

My sister ayam fine o but humble. Ayam findining work ni ó to get bullet for my gun come January.
Thanks ma

Mcy56:

For me, it's Lasaco. If it can come down to around 21k-23k. It's more popular and I dont think liquidity is an issue here.

Btw, Mpeace insurance note don land o, if you like keep writing only oyel notes, if bullbearmrk exam reach, I go see who you go copy.

I no do insurance again. De lecturer stingy. He no dey dash marks.
Hope u don comot from uniondac. All those yeye companies wey go do good result this year, and then next thing na share construction and reconstruction.