₦airaland Forum

Mcy56:
Yes. UBA and FBNH also.
Na so Una go dey play and you all Sabi well we'll pass me.

Na your book l take see am ooooo

sellydion:
Not withstanding I am still waiting for bullish divergence

Don't run after today o.

You should continue catching a falling knife.

It's so annoying that my Morgan capital itrade bid/offer column is not displaying any data. I'm using chrome browser with 2g ram 'spark 3' phone. Any possible solutions please?

Can someone explain how LotusHalal ETF works. Those guys paid as much as 30naira/unit for an ETF trading at N9.8k. I'll appreciate if anyone can shed more light.

akinssan:
Na your book l take see am ooooo

Na Oga Oracle taught us oo.
I no even Sabi the meaning well self. Just replied cos of the positive I saw there.

Heishere:
Below is an expose on UACN with FVE placed at N8.96. Any secondary opinion please before I make a decision?

UAC Nigeria released its unaudited result for FY 2019 wherein it reported a profit from continuing operations of N6.1 billion (EPS: N2.14)- coming from its re-stated FY 18 PAT of N5.5 billion (EPS: N1.91). Relative to our estimate, revenue and profit deviated by 0.3% and 1.1% respectively. However, incorporating the loss from discontinued operations takes the earnings position to a loss of N9.3 billion. On its continuing operations, the outturn stemmed from one-off sale of its investment property which helped shoulder the OPEX pressure.

For us, the result further confirm our concerns on increasing OPEX (See our previous report: Old things have passed away…) which is yet to translate into improved sales. For context, operating expense increased by 23% YoY, while sales only increased by 11% YoY over FY 19. While the management has communicated its drive for operational efficiency as its key strategy this year, we are less optimistic of its success this year.
Elevated OPEX trump margin gains. While we have seen a lot of re-structing in UACN which started since last year and partly explains the jump in operating expense – both admin and S& expenses. We believe a 71% YoY (45% QoQ) jump in OPEX to N4.8 billion is unjustified when compared to a 3% YoY growth in sales to N23.4 billion over Q4 19. Though we saw gross margin improve by 311bps YoY to 22.3%, increased operating expense left EBIT lower by 36.5% to N1.15 billion. and EBIT margin compressed by 200bps to 4.9%.

Lower finance income further pressure earnings. Overall, PAT declined by 42.9% YoY to N1.41 billion over Q4 19 with related EPS at N0.49. The bottom line was further pressured by the lower finance income – mirroring the lower cash balance – which offset the gains from lower effective tax rate (-214bps to 9.3%). While we await release of the audited numbers, our last-communicated FVE prints at N8.96 which translates to a SELL recommendation relative to the current market price. UAC trades at a P/E of 4.6x which is a discount to its Bloomberg MENA peer average of 16x.

Some useful information there.....
Look at the facts stated there and form your own opinion, you don't have to follow their recommendation......

What's happening in Japaul? Abi Milost have put down money to buy it over?

PETERiCHY:
We have peacefully relaunched back to UACN @8.10k.

N8.00k junction used to be a VERY STOCK SUPPORT.

LOCO, AGBA & other BARGAIN HUNTER TAKE NOTE! Maka ndi Utaa

*ThE OcToPuS*

Rightnow those of us sitting on N1:00k paper profit

*ThE OcToPuS*

PETERiCHY:
Rightnow those of us sitting on N1:00k paper profit . *ThE OcToPuS*

Chai!!! Peter, so you entered at the lowest pullback price?

Mcy56:
Chai!!! Peter, so you entered at the lowest pullback price?

pluto09:
Some useful information there.....
Look at the facts stated there and form your own opinion, you don't have to follow their recommendation......

Thank bro. I normally do. but I needed secondary eyes from Nsempa gurus

Market looks bright but prices refused to move up..... Which type of 'divergence' can we call this one now?
Abeg Oga Rabbi, to your students rescue.
Don't mind me oo.

Market is not bright sentiment is negative that why price is going no where .

Mcy56:
Market looks bright but prices refused to move up..... Which type of 'divergence' can we call this one now?
Abeg Oga Rabbi, to your students rescue.
Don't mind me oo.

@oga rabbi, @mcy56 for some of us holding cash hoping to buy high dividend stock like zenith below 18 and gtb below 28, is it advisable to buy half now and complete buying when price drops or your advice is still to keep holding cash?

NB.. I fully understand that whatever advice and opinion I get ,I am still responsible for my choices.... gain or loss. Thanks

Pls any input to this will be appreciated

debeey87:
Can someone explain how LotusHalal ETF works. Those guys paid as much as 30naira/unit for an ETF trading at N9.8k. I'll appreciate if anyone can shed more light.

sellydion:
Market is not bright sentiment is negative that why price is going no where .

Thanks for the clarification. We keep watching, I just think things will change once div announcements starts to roll in.

debeey87:
Pls any input to this will be appreciated

Contact your broker

Whosoever jumps on Japaul cos everybody is jumping and you don't know the reason why is "OYO".

Caveat: Purely Mcy's opinion. I may be wrong. Na you get your Kaya.

*Updated: just saw that the bids at day's high disappeared already before I finished typing. Issorite!

Mcy56:
Whosoever jumps on Japaul cos everybody is jumping and you don't know the reason why is "OYO".

Caveat: Purely Mcy's opinion. I may be wrong. Na you get your Kaya.

*Updated: just saw that the bids at day's high disappeared already before I finished typing. Issorite!

They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

Mcy56:
Whosoever jumps on Japaul cos everybody is jumping and you don't know the reason why is "OYO".

Caveat: Purely Mcy's opinion. I may be wrong. Na you get your Kaya.

*Updated: just saw that the bids at day's high disappeared already before I finished typing. Issorite!

Mcy56:
Oh, those statements though.

I bought Japaul at 36k aggregate and made very good profit from it if you wish to know.

It's our turn to buy and we will make very good profit from it

Mcy56:
Whosoever jumps on Japaul cos everybody is jumping and you don't know the reason why is "OYO".

Caveat: Purely Mcy's opinion. I may be wrong. Na you get your Kaya.

*Updated: just saw that the bids at day's high disappeared already before I finished typing. Issorite!

Those "people" would still come back at market close to mop up everything and still place bids at 26k, ensuring it closed at that.

That's how they have been doing.

pluto09:
They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

Apparently Access wrote off debts Japaul owed to Diamond.

Pls I decide to download my statement from Morgan.I thought it was said here that both buying and selling with Morgan is like 2 percent.How is 50,000 of dangota buying at #145,00 arrive at #7,315,254.20 using this commission.This is above 1.5 percent alone for buying

rationalmind:
It's our turn to buy and we will make very good profit from it

Chai!!! See as Japaulians bombarded my mention.
My quoted post must be more than two yrs if I'm right. There was good news of Milost investment circulating round at that time.
Well, just watching my b&sitL's back this time around ni.......I'm part of Japaulians too but will act on circulating good news rather.

Access Bank Board Okays Dividend Payment to Shareholders
https://businesspost.ng/banking/access-bank-board-okays-dividend-payment-to-shareholders/

NSE Agrees to List Prestige Assurance's N6.73bn Rights Issue
https://businesspost.ng/economy/nse-agrees-to-list-prestige-assurances-n6-73bn-rights-issue/

Nigeria Assures Foreign Oil Investors High Returns
https://businesspost.ng/economy/nigeria-assures-foreign-oil-investors-high-returns/

pluto09:
They published a very good result but the problem is how believable is what was reported......

Noted. Thanks for this sir.
Will keep eye on the results henceforth.

Oga mi, how can you call that a good result? In life, lessons must be learnt. It depends on an individual to choose the method he/she wants to learn.

pluto09:
They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

IYGEAL:
Apparently Access wrote off debts Japaul owed to Diamond.

Does it mean JP is debt free now or have their debt significantly reduced ?
Think it's still better to embrace certainty than uncertainty for now. We need to have more info on the write-off and its positive impact on the coy going forward.

Pls someone should help a brother with the total commission for buy /sell with Morgan.I want to understand how lucrative this jijo or 10 percent idea can be

Topson88:
@oga rabbi, @mcy56 for some of us holding cash hoping to buy high dividend stock like zenith below 18 and gtb below 28, is it advisable to buy half now and complete buying when price drops or your advice is still to keep holding cash?

Waiting for my boss' response.
But in the meantime, this Mcy doesn't know anything much ooo.......but I think you have to find out what works best for you. Which investment strategy suits you. Then maybe you choose to close or open eyes to "noise". Look at convenient entry price and enter for either price appreciation or div.
Also, set your stop loss. So that, if the stock is not moving according to expectation, you exit and wait for bottom prices.
That's my layman's opinion.

Sir, What makes the result good? One of the worst results with very poor presentation I have seen this year.
The company needs to be investigated before it becomes too late and investor money finally say good bye. Japaul
has been staging drama for some years now with it stock price. A lot is not adding up here.

pluto09:
They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

On a lighter note, @rationamind you don't do Japaul nah. Are you just teasing me cos I'm speaking against it now?