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Re: Nigerian Stock Exchange Market Pick Alerts by boiler123boiler: 8:41am On May 21, 2019
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1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 8:42am On May 21, 2019
Krisuba:


Ha.oboy na u open d gate!!
This is a disrespect to Oga Princkez. Retired people still has the mentality to be early and keep to time when going to an event in order to beat the Lagos traffic.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 8:49am On May 21, 2019
aremso:
On May 16th the Nigerian Stock Exchange welcomed a big elephant into the bourse. MTN with a market cap of about N1.8 trillion was expected to inject positive activity and attention for the stock market badly in need of one.

Three days later and it is doing the exact opposite. Investors are frustrated because they cannot lay their hands on the stock and stockbrokers are reeling because buy or sell losing a huge opportunity to earn some fees. Of all the people seething from the MTN listing, another group and perhaps the former king of the blocks may have a lot more to complain about.

FUGAZ Performance since MTN Listing
Date FBNH UBA GT Bank Access Zenith
May 20th 2019 7.0 6.0 30.4 6.1 19.7
May 17th 2019 7.0 6.0 30.6 6.5 19.6
May 16th 2019 7.0 6.0 31.0 6.5 19.6
May 15th 2019 7.3 6.0 31.6 6.8 20.0
May 14th 2019 7.3 6.2 31.6 6.8 20.0
May 13th 2019 7.5 6.0 31.0 6.7 19.7
May 10th 2019 7.3 6.5 32.0 7.1 20.0


FUGAZ get toasted: Nigeria’s top 5 banks, FBN, UBA, GT Bank, Access Bank, and Zenith Bank have collected borne the brunch of MTN’s listing. Since the 16th, all 5 stocks have either lost or stayed relatively flat. Investors are not just interested in paying a sizeable premium for the stocks not with MTN in town. Some market analysts believe investors are offloading their positions to get liquidity to invest in MTN. Though there is no evidence to support this, the reasoning is not far fetched.
.

If this analysis is true then those selling FUGAZ are just cowards cos i expect that by now they wld have driven the price to 20% div yield (zenith/15-16; Guaranty 25-26; UBA 4-5) and go use the proceeds to bid MTNN to 200. i dont know the kind of investors dem be. just afraid to put their money where their mouth is.

once again i beg them in the name of all things they hold dear, they should stop dragging their foot and help drive prices of the FUGAZ down to 20% div yield it is only then i wld believe they are lion hearted.

in any case i no kuku need much it is just some single digit fraction of Afolabi unit of each i am looking to buy. so i am begging them they shld please help my ministry fast fast
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 8:59am On May 21, 2019
RabbiDoracle:


Stop reading a report with a bottle of 33 on one hand!

43,792 you see is for 6 months and not 3 months. That was the half year result for 2018. To get the Q2 2018, just subtract Q1 2018( i.e N23b) from the N43.793b. This should give you around N20b as the second quarter 2018 PAT


[b]UBA PROFIT PROJECTION FOR 2ND QTR 2019[/b]- FOLLOW UP

Thanks for the observation. I have checked the report again, you were actually right.

I acknowledged the error.

Latter today, I will post more projections from the report. I am sure this error is just an exception.

Once again, I say thanks for your observation.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by deepsuk(f): 8:59am On May 21, 2019
Caverton na thief company I dey shed tear fo d bros wey dey dere to cover wetin the thiefs wan do.


Abeg if u Carey prick make u dey ask am why their share price never climb 1 kobo above ipo price


U no fit abi no vlaha collect Lipton and siddon for corner

Jejebabaa:

This is a disrespect to Oga Princkez. Retired people still has the mentality to be early and keep to time when going to an event in order to beat the Lagos traffic.
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 9:00am On May 21, 2019
I am trying to download the H1'18 audited results of UBA but can't find it on NSE website corporate disclosure page. I will appreciate anyone with a direct link please.
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:20am On May 21, 2019
sad

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:23am On May 21, 2019
Na to come dey go village remain
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 9:27am On May 21, 2019
Princkez:
Already at civic centre...
Bross, you sure say you no dey among CAVERTON management board?
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 9:41am On May 21, 2019
We here

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:48am On May 21, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 9:54am On May 21, 2019
Yayira:
Na to come dey go village remain
Why?
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:01am On May 21, 2019
OakPearl:

Why?

Seems I won’t be going again grin grin grin grin
Got a reply that I should disregard the email..
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 10:04am On May 21, 2019
Yayira:


Seems I won’t be going again grin grin grin grin
Got a reply that I should disregard the email..

Good. cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:05am On May 21, 2019
I hope someone is not planning to shut down the Insurance industry with this new recapitalization demand. https://thenationonlineng.net/insurance-firms-to-recapitalise/
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 10:11am On May 21, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 10:24am On May 21, 2019
aremso:
On May 16th the Nigerian Stock Exchange welcomed a big elephant into the bourse. MTN with a market cap of about N1.8 trillion was expected to inject positive activity and attention for the stock market badly in need of one.

Three days later and it is doing the exact opposite. Investors are frustrated because they cannot lay their hands on the stock and stockbrokers are reeling because buy or sell losing a huge opportunity to earn some fees. Of all the people seething from the MTN listing, another group and perhaps the former king of the blocks may have a lot more to complain about.

FUGAZ Performance since MTN Listing
Date FBNH UBA GT Bank Access Zenith
May 20th 2019 7.0 6.0 30.4 6.1 19.7
May 17th 2019 7.0 6.0 30.6 6.5 19.6
May 16th 2019 7.0 6.0 31.0 6.5 19.6
May 15th 2019 7.3 6.0 31.6 6.8 20.0
May 14th 2019 7.3 6.2 31.6 6.8 20.0
May 13th 2019 7.5 6.0 31.0 6.7 19.7
May 10th 2019 7.3 6.5 32.0 7.1 20.0


FUGAZ get toasted: Nigeria’s top 5 banks, FBN, UBA, GT Bank, Access Bank, and Zenith Bank have collected borne the brunch of MTN’s listing. Since the 16th, all 5 stocks have either lost or stayed relatively flat. Investors are not just interested in paying a sizeable premium for the stocks not with MTN in town. Some market analysts believe investors are offloading their positions to get liquidity to invest in MTN. Though there is no evidence to support this, the reasoning is not far fetched.

Optics: MTN listing was supposed to be a blessing for the Nigerian Stock Market. The government essentially forced the company to list hoping this will be a form of booster for a dying market and more importantly have Nigerians share in a part of the cookie jar called MTN profits. As it seems, that is not happening and investors view the whole listing in a negative light. The more investors get irritated and frustrated about not being able to buy these shares the dire the outlook for the stock exchange will be for everyone. Already, social media is agog with people pouring out their frustration with claims that the stock market still can’t be trusted.

What next FUGAZ: FUGAZ are trading at PE ratios of about 4x on the average compared to MTN’s 12x. Its market value may continue to fall in the next coming weeks as investors get more wary about a market they’ve come to loathe. Banks and the wider stock exchange may have to look towards the earnings season for another glimmer of a bounce. For now, they’ll have to be bear (no pun intended) their bearish situation for some more days if not weeks.

Sometimes the irrationality of man can be incomprehensible.
Sell FUGAZ for this MTNN with those numbers
Human psychology is a dangerous enemy of man when wrongly applied.
Herd mentality everywhere.
May the wise enjoy this sudden wealth transfer opportunity.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 10:30am On May 21, 2019
jideflash:
We here
We shall be waiting for the highlight and summary of the meeting.
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 10:41am On May 21, 2019
kolaish:
We shall be waiting for the highlight and summary of the meeting.

Very interested too.

Presently in Abuja so unfortunately unable to attend this AGM.
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:44am On May 21, 2019
yok:


[b]UBA PROFIT PROJECTION FOR 2ND QTR 2019[/b]- FOLLOW UP

Thanks for the observation. I have checked the report again, you were actually right.

I acknowledged the error.

Latter today, I will post more projections from the report. I am sure this error is just an exception.

Once again, I say thanks for your observation.

You are welcome bro.
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 10:45am On May 21, 2019
DAILY STOCK MARKET GUIDE FOR 21 MAY 2019
Market may lose some momentum soon as MTN volume yesterday was very high.
We are waiting for the 2nd qtr results. Where do we position ourselves to make money?

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). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:47am On May 21, 2019
OakPearl:


Sometimes the irrationality of man can be incomprehensible.
Sell FUGAZ for this MTNN with those numbers
Human psychology is a dangerous enemy of man when wrongly applied.
Herd mentality everywhere.
May the wise enjoy this sudden wealth transfer opportunity.

"Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that : I could calculate the motions of the heavenly bodies, but not the madness of the people."

Newton lost money on the stock market.

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 10:52am On May 21, 2019
dipoolowoo:
NSE Speaks on Scarcity of MTN Nigeria Shares
https://businesspost.ng/2019/05/21/nse-speaks-on-scarcity-of-mtn-nigeria-shares/


I love this part: ''In the case of MTN Nigeria, the NSE had requested the Company as part of the listing process to make shares available and The Exchange expects the company to do that''.​

Let them keep expecting ...... grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 11:04am On May 21, 2019
RabbiDoracle:


"Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that : I could calculate the motions of the heavenly bodies, but not the madness of the people."

Newton lost money on the stock market.


Indeed!
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 11:22am On May 21, 2019
Caverton audit committee election......

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 11:39am On May 21, 2019
For those selling pls bring down the price of FUGAZ to the prices during the global financial criseS
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 11:43am On May 21, 2019
rebekah2011:
I hope someone is not planning to shut down the Insurance industry with this new recapitalization demand. https://thenationonlineng.net/insurance-firms-to-recapitalise/

This is long overdue....Time for the mushroom insurance companies to be acquired which opens an opportunity for investors to make money.

Time to roll up my sleeves for strategic positioning in these coys.
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:44am On May 21, 2019
DeRuggedProf:



I love this part: ''In the case of MTN Nigeria, the NSE had requested the Company as part of the listing process to make shares available and The Exchange expects the company to do that''.​

Let them keep expecting ...... grin grin grin
Maybe they have seen that people are trying to lack interest in the stock, they now decided talking to mtn for them to make their stock available so that they can dump.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:48am On May 21, 2019
GTB 13M bids against 1M+ offers.......the fugaz committee chairman leading by example already?? We're watching. tongue

Did anyone notice that the quantities of Mtn bids is not reducing despite the trading going on?
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 11:49am On May 21, 2019
Wow, Wapco is trading at 52 weeks low of 10.20 from 8 Euros or was it 80 naira.
Can someone tell me the fair value of this stock pls.
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 11:55am On May 21, 2019
Mcy56:
GTB 13M bids against 1M+ offers.......the fugaz committee chairman leading by example already?? We're watching. tongue

Did anyone notice that the quantities of Mtn bids is not reducing despite the trading going on?

I noticed that too...Cross deals going on....Don't worry they will still come and beg us to buy from them and at that time we will price it like tomato and pepper... grin
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 11:56am On May 21, 2019
Mcy56:
GTB 13M bids against 1M+ offers.......the fugaz committee chairman leading by example already?? We're watching. tongue

Did anyone notice that the quantities of Mtn bids is not reducing despite the trading going on?

Remember what I told you about Morgan Capital (sometimes) not showing more than 100 bid lines. That might distort your readings.

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