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Nigerian Stock Exchange Market Pick Alerts - Investment (4569) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:38pm On May 14, 2019
Tolktob:

Bros,stop beating your chest ...you're not God .Haba!!!!!!!!!!!!!!!!!!!!! grin grin grin grin grin grin

@chibunkin ...Na this ur talk dey make people ignor ur rant...haabaa we dan hear ..oya kip quiet . Giv advice and go..but puttin more emphasis on ur advice make u sound lyk u knw tmrrw.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:09pm On May 14, 2019
Seems the sell pressure has reduced.....
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:35pm On May 14, 2019
Market has close today, tomorrow we shall see the direction of the market.
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:49pm On May 14, 2019
Chibuking81:
Market has close today, tomorrow we shall see the direction of the market.

Your have so much trust on this mtn...how readily available will it be at a good bargain should be the concern?
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 3:01pm On May 14, 2019
Thanks
Tolktob:


Naicom
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:45pm On May 14, 2019
stcool:


Your have so much trust on this mtn...how readily available will it be at a good bargain should be the concern?
I don't have so much trust on them, but market reaction always take place in new listed stock like this at first time, after which the stock will find their level either up or down. In NSE anything is possible, so I don't attach much love in any stock, but always watch my investment.

On the availability of the stock after listing, I believed that it will be much available at its introductory price, at least the first day, and maybe for some days before the movement of it's up or down will start. 20.3billion shares are expected to start trading this week Thursday next tomorrow @ price between #80 - #90. It's indeed a whole lot of share, you can't introduce something and hold it up without releasing it for people to have an access to.

Read more: https://www.dailytrust.com.ng/mtn-to-list-on-nse-thursday.html
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 5:26pm On May 14, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by millennium2012: 6:25pm On May 14, 2019
Access Bank, UBA and Unilever Nigeria were removed from the MSCI Nigeria index.

https://nairametrics.com/2019/05/14/mcsi-rebalances-nigeria-indexes/

DD is expected.
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 6:54pm On May 14, 2019
I was engaging an investment banker who was offering to make subscription of the MTN IPO available if I was investing.
I said to him they did private placement them no remember me. And they had already doubled their investment.
Anyone investing open your eyes.
Like someone suggested, if it means jijo initially, make your money early before you watch.

In other news, its been the trade war between US and China that has kept the world market and NSE tanking not CBN/Emefiele story.
How Trump will hike import tarrifs on China and still threaten them not to retaliate beats me.
Which kind oppression be that?
Trust China, they have threatened retaliation.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:58pm On May 14, 2019
Thank you Sir.
OakPearl:
I was engaging an investment banker who was offering to make subscription of the MTN IPO available if I was investing.
I said to him they did private placement them no remember me. And they had already doubled their investment.
Anyone investing open your eyes.
Like someone suggested, if it means jijo initially, make your money early before you watch.

In other news, its been the trade war between US and China that has kept the world market and NSE tanking not CBN/Emefiele story.
How Trump will hike import tarrifs on China and still threaten them not to retaliate beats me.
Which kind oppression be that?
Trust China, they have threatened retaliation.
Re: Nigerian Stock Exchange Market Pick Alerts by owolabi5: 6:59pm On May 14, 2019
kolaish:
Point of correction, Apostle Sunu grin

MH SUNU
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 7:33pm On May 14, 2019
OakPearl:
I was engaging an investment banker who was offering to make subscription of the MTN IPO available if I was investing.
I said to him they did private placement them no remember me. And they had already doubled their investment.
Anyone investing open your eyes.
Like someone suggested, if it means jijo initially, make your money early before you watch.

In other news, its been the trade war between US and China that has kept the world market and NSE tanking not CBN/Emefiele story.
How Trump will hike import tarrifs on China and still threaten them not to retaliate beats me.
Which kind oppression be that?
Trust China, they have threatened retaliation.

grin grin grin
After they collect all the tithes and offerings from you, they will no longer hold the usual December party.
Reason: they will now remember their equipment are due for upgrade, you will start seeing inflated contracts with HUAWEI..... grin
Huawei will start upgrading software for millions of dollarsgrin grin grin
Network expansion will become unending... grin

5 Likes 2 Shares

Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 8:22pm On May 14, 2019
DeRuggedProf:


grin grin grin
After they collect all the tithes and offerings from you, they will no longer hold the usual December party.
Reason: they will now remember their equipment are due for upgrade, you will start seeing inflated contracts with HUAWEI..... grin
Huawei will start upgrading software for millions of dollarsgrin grin grin
Network expansion will become unending... grin
I'm sure Pascal Dozie and co would have given them the template about how to fvck Nigerian investors several times over

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:53pm On May 14, 2019
DeRuggedProf:


grin grin grin
After they collect all the tithes and offerings from you, they will no longer hold the usual December party.
Reason: they will now remember their equipment are due for upgrade, you will start seeing inflated contracts with HUAWEI..... grin
Huawei will start upgrading software for millions of dollarsgrin grin grin
Network expansion will become unending... grin

100% accurate.... Yeye board of directors, greedy mf's
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 12:19am On May 15, 2019
samguru:
Finally MTN is to be listed on Thursday.


dont rush to buy as the company will release some funny results after listing according to a reliable source.
what do u expect at 20bilion os? earnings would have been diluted
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 1:15am On May 15, 2019
yom2:
what do u expect at 20bilion os? earnings would have been diluted

OakPearl:


My brother my first caution sign in this MTN notice was when I saw 2kobo abi na 20kobo norminal value. angry

A 50kobo norminal value would at least have been more like it.
Notore pricing comes to mind.
As much as we are eager to make a kill in these firms, let's accomodate opinions that will help retail investors unmask details these Sharks may be trying to keep away from the unsuspecting public.
No one knows it all.
But what do I know sef?


You get the point Yom2!
Same reason I querried their decision to slice the norminal value to as low as 2kobo/share earlier!
EPS, DPS, intrinsic value, book value, every key indicator completely diluted.
They cashed out from Jumia before it's resent listing in the NYSE. Now Jumia shares is tanking heavily on the back of an allegation that the pre-listing report sold to the public was a scam!
Ever wondered why the MTN result presented to the public is not in consideration of the 20billion shares?
Anyway, this is the stock market, magic happens, price may climb higher courtesy of pre and post listing frenzy and after a while, breeze go blow, fowl nyash go open.

The sage Warren Buffet said "Like the Lord, the market helps those who help themselves, but unlike the Lord, it does not forgive those who know not what they are doing".
May no one here be caught in the tangled web then.

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 1:25am On May 15, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 6:29am On May 15, 2019
Does anyone here have an idea what is the PAT for mtn for the year 2018?

cc : Rebekah, ogg, wanaj0
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:41am On May 15, 2019
http://www.nta.ng/news/investment/20190515-nse-clears-mtn-for-listing-in-nigeria/

NSE clears MTN for listing in Nigeria
0Domestic, Economy, InvestmentMay 15, 2019A+A-EMAILPRINT
MTN on Shares
The Nigerian Stock Exchange (NSE) on Tuesday finally approved the listing of MTN Nigeria shares on the nation’s bourse.

A senior management at the NSE, who pleaded anonymity, told the News Agency in Lagos that MTN Nigeria application for listing was approved on Tuesday.

The source said that the company, barring unforeseen circumstances, would be listing a total of 20, 354,513,050 at N90 per share on May 16.

The source told NAN that the company had completed all the necessary steps required by the exchange for listing which led to the approval.

NAN reports that MTN Nigeria shares, when listed at N90 per share, will emerge the second largest company on the nation’s bourse after Dangote Cement with market capitalisation of N1.83 trillion.

The Securities and Exchange Commission (SEC) recently confirmed the approval of MTN Nigeria application to be listed on NSE by way of introduction.

Mrs Efe Ebelo, SEC Head Corporate Communications, said that the commission had approved the company’s application to be listed on the nation’s bourse by way of introduction.

She said that the company had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission.

NAN recalls that MTN Nigeria on May 6 filed an application with SEC and the exchange for listing by introduction.

MTN Nigeria recently changed its status from a private company to a public liability company (PLC) ahead of its listing on the exchange.

NAN reports that the conversion was one of the requirements for listing on the exchange.

The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by way of listing by introduction.

Speaking on the conversion, Fredi Moolman, MTN Chief Executive Officer, said the listing was part of its commitment to localisation in the markets in which it operates.

“Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.

“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them.

“We look forward to continuing our engagement with the SEC and NSE to take forward the listing process,” Moolman had said.

NAN reports that listing on the NSE was one of the conditions reached in the resolution of a N330 billion fine placed on the telco by the Nigerian Communications Commission (NCC) for its inability to disconnect improperly registered SIM cards.
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:48am On May 15, 2019
My question is this, those who are discouraging others not to buy mtn, will they buy tomorrow? If the answer is yes then they are being selfish. Yes the price might move up or down after listing, even our Zenith bank, UBA and others do move up and down.

Tomorrow they will be the first to jump in and after the price might have move up, the same people will start encouraging others to come in, I still maintain that stock will nosedive today in preparation of mtn listing and welcome tomorrow , many will still bail out to get more cash ready to jump into mtn. cool
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 8:07am On May 15, 2019
Chibuking81:
My question is this, those who are discouraging others not to buy mtn, will they buy tomorrow? If the answer is yes then they are being selfish. Yes the price might move up or down after listing, even our Zenith bank, UBA and others do move up and down.

Tomorrow they will be the first to jump in and after the price might have move up, the same people will start encouraging others to come in, I still maintain that stock will nosedive today in preparation of mtn listing and welcome tomorrow , many will still bail out to get more cash ready to jump into mtn. cool


Oga... Nobody is discouraging people to buy all we are saying is exercise caution. Even me I already took a loan to buy more DF and some may go into MTN but not above 100 Naira.

So my approach is as much as I want MTN, I won't buy above N100, and if I can't get it due to the rush... I will wait until their year end result comes in. Then I will re-evaluate.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 8:36am On May 15, 2019
stcool:


Oga... Nobody is discouraging people to buy all we are saying is exercise caution. Even me I already took a loan to buy more DF and some may go into MTN but not above 100 Naira.

So my approach is as much as I want MTN, I won't buy above N100, and if I can't get it due to the rush... I will wait until their year end result comes in. Then I will re-evaluate.

lol @ i wont buy above #100......You must have deep pockets
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 8:40am On May 15, 2019
while the market scampers for mtn......i will jejely load GT @ sub #29, zenith sub #20........wema, pls get 50k fast ....I enjoyed the last ride

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:46am On May 15, 2019
Chibuking81:
As usually many will argue with me, but before you know what is happening they will be the first to jump in, this is Chibuking talk again, it will soon come to pass, just wait and see.
Oga CHibuking, maybe you should keep your info to yourself since you wouldnt like people to jump in and then, they'll still be accused of not allowing you to buy again. I believe the reason you were mentioning it is to create awareness in the first place and consider views from every angle.
Dont know why you think that some people dont have the info already and even much more than you have self.
I've not read any single comment discouraging anyone from buying but rather cautioning. What if it's not what we expect it to be, just what if?
I no wan read plenty grammar say anyone discourage you here o. tongue

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 9:12am On May 15, 2019
Really don't know why a word of caution or a contrary opinion is now seen as discouragement.

Is this not an investment forum again where there will always be people for and against with valid reasons on both sides.

People need to grow thick skins.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 9:18am On May 15, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by Tolktob: 9:19am On May 15, 2019
Chibuking want to buy but he want people to criticize the stock that has not been listed before he can buy . grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by melodytos(m): 9:32am On May 15, 2019
maishai:
while the market scampers for mtn......i will jejely load GT @ sub #29, zenith sub #20........wema, pls get 50k fast ....I enjoyed the last ride

am new here...i like ur comment...i feel like contact you about stock
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:47am On May 15, 2019
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200 grin grin grin

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.
Re: Nigerian Stock Exchange Market Pick Alerts by Tolktob: 9:55am On May 15, 2019
stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200 grin grin grin

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.
grin grin grin grin grin grin grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:09am On May 15, 2019
stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200 grin grin grin
https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/ .
Offers or bids?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:10am On May 15, 2019
stcool:
They have started with their estimates... Retail investors may not get this one until they have taken it to 180-200 grin grin grin

https://businessday.ng/technology/article/updated-offers-fly-in-from-investors-ahead-of-mtns-listing/

MTN would be listing about 20.35 billion shares, at possibly an N80-90/share price range, according to the consensus analysts’ estimates.

That would value the stock at around 5 times Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA). That’s almost half the frontier average, suggesting that at N90 per share, MTN will be undervalued compared to telecommunication companies in frontier markets.
Analysts at Cordros Capital believe the stock is worth NGN194 per share, implying a 116-143 percent upside on the proposed listing price.

On this basis, it is quite understandable that investors are falling over one another to get a hold on MTNN’s stock.

Retail investors should stay out for now.

1 Like

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