₦airaland Forum

thebargainhunte:
Brent sighted @ km 58+
China might get the cure sooner than expected and they wouldn't announce it to the general public.

Most of such virus has short lifespan. The virus will soon disappear naturally within a short time

https://oilprice.com
Brent crude currently at 58.20

This is highly commendable from COURTVILLE. PAT +101%.
EPS 17.75 from 8.83

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/28867_COURTEVILLE_BUSINESS_SOLUTIONS_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

File is corrupt.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/28920_AIICO_INSURANCE_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

millennium2012:
File is corrupt.

I experienced same. I hope they realise and update it

Improved Result from CONOIL

http://www.nse.com.ng/Financial_NewsDocs/28919_CONOIL_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

millennium2012:
This is highly commendable from COURTVILLE. PAT +101%.
EPS 17.75 from 8.83

How much dividend will they pay. Time is almost around when dividend payment will be true determinant of company EPs. Not always on pipeline, pipeline need to break to let the dividend out.

Some are found of moving up, and reversing back, moving up with the improvement on EPs news and moving backward with news of bad debt.

Mcy56:
Not yet.

Another Noobish question of mine. So, In my bid to consolidate my understanding after skimming through a few books on stocks I downloaded the last FBNH annual report dated 2018.

These books keep mentioning the true worth of a company vs its market cap as a measure.

Ok, FBNH total equity as at December 2018 is about 530 billions, while market cap as at yesterday is about 249 billions. Does it mean that FBNH stocks are very very underpriced at this moment and as a result make for a good entry? Or am I missing something here?

Thanks in advance.

locodemy:
Some people will not sleep this night.
Some are praying for 10 a.m tomorrow to come now.
People with cash are just sharpening their knives for a great cut.

Well done sir.
Keep creating panic so you can buy cheaply.

You're right.
But that's still better than -ve Result from the big guns.
Anyway, dvd will always make the difference anytime.

We'll keep finger crossed.

Chibuking81:
How much dividend will they pay. Time is almost around when dividend payment will be true determinant of company EPs. Not always on pipeline, pipeline need to break to let the dividend out.

Some are found of moving up, and reversing back, moving up with the improvement on EPs news and moving backward with news of bad debt.

MTN May Reduce Stake in Nigeria to 65%, Selloff 14%
https://businesspost.ng/economy/mtn-may-reduce-stake-in-nigeria-to-65-selloff-14/

Fidelity Bank Improves FY19 Earnings by 15%, PAT by 29%
https://businesspost.ng/banking/fidelity-bank-improves-fy19-earnings-by-15-pat-by-29/

Guinness Nigeria Raises Half-Year Revenue to N68.3bn
https://businesspost.ng/economy/guinness-nigeria-raises-half-year-revenue-to-n68-3bn/

Industrial Goods Stocks Sink NSE Further by 0.27%
https://businesspost.ng/economy/industrial-goods-stocks-sink-nse-further-by-0-27/

Naira Depreciates to N364.60/$ at Investors Window Thursday
https://businesspost.ng/economy/naira-depreciates-to-n364-60-at-investors-window-thursday/

Oil Prices Sink as Coronavirus Worsens Market Expectations
https://businesspost.ng/economy/oil-prices-sink-as-coronavirus-worsens-market-expectations/

Market Value of NASD Listed Stocks Rises to N502.3bn
https://businesspost.ng/economy/market-value-of-nasd-listed-stocks-rises-to-n502-3bn/

mendes911:
Bottom line, none of us here and Nigeria as a whole is in control of our stock market. We are at the mercy of these foreign big shots.
I got very bad signals after JB released their results and an entity kept selling, sold over 11m units. Similar thing happened last year and also in 1973. I quickly closed shop. .

Boss you're right sir.
@the bolded, are you trying to say your birthday was 30th January -Xtyday? Or you've been in the market since 1973?
Cos you mentioned it twice yesterday.
If its the first, happy birthday sir.
If its the second, then I kneel down I dey greet oooo.

ositadima1:
Ok, FBNH total equity as at December 2018 is about 530 billions, while market cap as at yesterday is about 249 billions. Does it mean that FBNH stocks are very very underpriced at this moment and as a result make for a good entry? Or am I missing something here?

Oga please contact Pa Emmanuelewumi or any of my bosses for answer. Im not well versed in these areas.

Mcy56:
Oga please contact Pa Emmanuelewumi or any of my bosses for answer. Im not well versed in these areas.

Ok thanks, pls another thing what is JiJo?

Mcy56:
Boss you're right sir.
@the bolded, are you trying to say your birthday was 30th January? Or you've been in the market since 1973?
Cos you mentioned it twice yesterday.
If its the second, then I kneel down I dey greet oooo.

That na joke naaaa. You should catch the drift.

Dupeodus any latest from our aiico,they have released another one oo.

Bargain hunters should start sharpening their cutlasses for Transcorp .................anywhere below 86k.

Mcy56:
Bargain hunters should start sharpening their cutlasses for Transcorp .................anywhere below 86k.

you mean 56k?

ositadima1:
Ok thanks, pls another thing what is JiJo?

Jump In Jump Out
Nsempa's word for making quick gains, especially during panic-selling or bull period.
The gain could range btw 10% to 30%, or 40% as the case may be.
People sometimes sell in panic for different reasons, ranging from poor results, economy news, etc, but you may know that there's nothing wrong with the fundamental of the stock; you watch the dumping, jump in at the bottom price then sell at short gain.
This could even be within a day. You buy and sell back with some profits.
Also this can be sweet during bull season. That's what I know.

Mcy56:
Bargain hunters should start sharpening their cutlasses for Transcorp .................anywhere below 86k.

Make una leave transcorp for me oooo.

I expect Tony to soon release an update that will excite and push the stock back to N1 and above. Let him wait small so that I can board at 75k.

FCMB reacting to the good result..............
UACN.............no more dumping..................bids increasing...........



Updating...............

Mcy56:
Well done sir.
Keep creating panic so you can buy cheaply.

Market not dancing to the tune of doomsayers. LOL.

This shows we are all noise makers here.

Mcy56:
FCMB reacting to the good result..............
UACN.............no more dumping..................bids increasing...........



Updating...............

Don't go and run away soon.

mendes911:
That na joke naaaa. You should catch the drift.

Lol. Okay sir.

mendes911:
Make una leave transcorp for me oooo.
I expect Tony to soon release an update that will excite and push the stock back to N1 and above. Let him wait small so that I can board at 75k.

Oga Mendes I don get small qty for 85k now.
You cannot come and go and be chopping this 10-30% all alone.

ositadima1:
Another Noobish question of mine. So, In my bid to consolidate my understanding after skimming through a few books on stocks I downloaded the last FBNH annual report dated 2018.

These books keep mentioning the true worth of a company vs its market cap as a measure.

Ok, FBNH total equity as at December 2018 is about 530 billions, while market cap as at yesterday is about 249 billions. Does it mean that FBNH stocks are very very underpriced at this moment and as a result make for a good entry? Or am I missing something here?

Thanks in advance.

Your observation is right and I really like your spirit.
What you have described is the book value of first bank which is one of numerous ways of determining a company worth.
When I started my stock investment, that was what I was using to determine if a company is undervalue or overvalue.

I have grown to using different metrics to place value on a particular stock and the most important one for me now is owners profit-the bottom line .

Keep learning and searching and with experience you will get better but don't put too much emphasis on book value in placing a bet on stocks on NSE.

Mcy56:
Oga Mendes I don get small qty for 85k now.
You cannot come and go and be chopping this 10-30% all alone.

Please buy more. You go follow the people that will hang over kaya to me at 75k.

mendes911:
Market not dancing to the tune of doomsayers. LOL.
This shows we are all noise makers here.

Mr. Market have a mind of its own.
One would have thought UACN and other stocks would open with full offers but see bids queuing up there.

It seems coys like Wapco, Nestle etc. That did not release their unaudited accounts want to release their audited results next month.

Mcy56:
Mr. Market have a mind of its own.
One would have thought UACN and other stocks would open with full offers but see bids queuing up there.

Sellers might be waiting for the bids to build up first.

mendes911:
Please buy more. You go follow the people that will hang over kaya to me at 75k.

Lol. If it falls I will buy more, make I secure that seat at 85kobo first.