Mcy56:
E Ku market oo
This one that my bosses have turned to "Zee Promoters"
Mendes911 don enter market, no more bear induced commentaries for now.

Check my post well... When last did I mention bear talks since Corona virus went global?

PETERiCHY:
NSEMPA rightnow after a hectic week

Even pa Peter is padlocked

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/29391_JULIUS_BERGER_NIG._PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Nice one with the bonus share.How I wish I loaded more today

PharmAlfred:


With there miserable 40k div. I hate that bank. Fidelity is equally like Access.

Whenever am recommending stock I try my best not to include Access bank since after their Diamond bank deal. I prefer Zenith and UBA over most of the banks. In fact Zenith and UBA are investors bank. I even preferred FBNH over Access bank that always release audio EPs.

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/29391_JULIUS_BERGER_NIG._PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

A good one from JB !!

Let's do a small math;

At today's closing price of N20.20, that script issue of 1 for 5 will compute to approx N4/share(ie 1/5 x 20.20)
Add that to the N2.75 div declaration, and u'll have a sum cashflow of N6.75.
...which equates to over 33% div yield(ie 6.75/20.20 x 100)

So an X amount of money put in this asset today should hitherto return a 0.33x multiple, ceteris paribus.
...and assuming we hinge the 33% yield to a possible price appreciation given the NSE' price cap methodology(10%/day), then I expect a 3 days price rise.(trading/investing instinct in view)
But then again, market sentiment is currently weak, so everything is possible including a price fall.

Away from price consideration, JULIUS BERGER is for the future.(more of mid-term play than short)
As I mentioned during a past analysis here, the coy is presently going through an inflection phase towards growth.
Key indicators shows that current YE FP came in good and above expectation.
Aside the quest to diversify their earnings base, the company is presently on top of very juicy contractual deals accross key states in the country.
In Port Harcourt, Rivers State(2 in Obio-akpo and 1 in PH LGA to be precise), the company is currently executing 3 gigantic fly-over bridges. ...with 70% down payment already secured from the state government.(the gov confirmed this)
Somehow, LARFAGE WAPCO is also a part of the contract.(they are the coy contracted to supply cement).
The duration(of the project) is for 18 months but I expect that the cashflow should begin to reflect in their book starting from this quarter.

...we'll see how things play out next week.

Selah

Biafran4life:
Nice one with the bonus share.How I wish I loaded more today

You can still get it low, the low price of crude oil price will likely affect the JB 2020 result because government will pay more attention in settling the wage bill of their workers from the little money that will be coming to them this period, capital project might suffer a temporary set back, or might turn to long term set back if the oil price remains low for long period of time, which will lead into 2022 election bear period.

Sometimes I wonder if some people are actually trading in this market or they're just here to share memes and talk shit because according to them they never seem to lose money no matter which way the market goes, even if they advise you to buy a particular share and the price absolutely tanks, they will still be on this forum talking like oracles. Biko are these people trading with real money or demo account?

Marlianvestor:

An outside perspective of our economy/mkts going forward. A lot of unadulterated info and actionable insights re. positioning.... If you know, you know!

https://www.cnbc.com/2020/03/13/africas-largest-economy-braces-for-big-hit-as-oil-prices-plummet.html

The effect of the current dislocation with worries from covid-19 and drop in oil peg has already been priced in.
That's why they are reporting it to u now so u can bring out ur 'goods' for sell.
They've already dislodged risk from possible reward but want to see if u can part with their target asset.(believe me, they always do have a target)
After they achieve their aim, they will come to tell u that things are'nt as bad as envisaged. ...or then construct some other good news.

Again, people shouldn't expect a devaluation to come in earnest. A devaluation is likely to occur this yr, but maybe in Q3/Q4. A lot can also change btw now and then. ...so those speculating on an immediate gain in holding Fx should apply caution. As I stated here before, it'd be better to hold dollarized FI instruments and even much better with equity assets with yields that beat any possible impact of devaluation, for those seeking to hedge against currency(naira) risk.
Somehow this COVID-19 thing is given the country(and by extension, the CBN) a cushion against any urgency to devalue. ...though of negative consequence(oil revenue in view), it also has that part to it that's a sought of fender to delay the 'evil day'
If I can erk out the time, I might do an article on this later.

Regards

onegentleguy:


A good one from JB !!

Let's do a small math;

At today's closing price of N20.20, that script issue of 1 for 5 will compute to approx N4/share(ie 1/5 x 20.20)
Add that to the N2.75 div declaration, and u'll have a sum cashflow of N6.75.
...which equates to over 33% div yield(ie 6.75/20.20 x 100)

So an X amount of money put in this asset today should hitherto return a 0.33x multiple, ceteris paribus.
...and assuming we hinge the 33% yield to a possible price appreciation given the NSE' price cap methodology(10%/day), then I expect a 3 days price rise.(trading/investing instinct in view)
But then again, market sentiment is currently weak, so everything is possible including a price fall.

Away from price consideration, JULIUS BERGER is for the future.(more of mid-term play than short)
As I mentioned during a past analysis here, the coy is presently going through an inflection phase towards growth.
Key indicators shows that current YE FP came in good and above expectation.
Aside the quest to diversify their earnings base, the company is presently on top of very juicy contractual deals accross key states in the country.
In Port Harcourt, Rivers State(2 in Obio-akpo and 1 in PH LGA to be precise), the company is currently executing 3 gigantic fly-over bridges. ...with 70% down payment already secured from the state government.(the gov confirmed this)
Somehow, LARFAGE WAPCO is also a part of the contract.(they are the coy contracted to supply cement).
The duration(of the project) is for 18 months but I expect that the cashflow should begin to reflect in their book starting from this quarter.

...we'll see how things play out next week.

Selah

Thank you for your earlier analysis (long before COVID), it was handy - I can see it reposted. it's more like 48% for folks that picked them up today

onegentleguy:


A good one from JB !!

Let's do a small math;

At today's closing price of N20.20, that script issue of 1 for 5 will compute to approx N4/share(ie 1/5 x 20.20)
Add that to the N2.75 div declaration, and u'll have a sum cashflow of N6.75.
...which equates to over 33% div yield(ie 6.75/20.20 x 100)

So an X amount of money put in this asset today should hitherto return a 0.33x multiple, ceteris paribus.
...and assuming we hinge the 33% yield to a possible price appreciation given the NSE' price cap methodology(10%/day), then I expect a 3 days price rise.(trading/investing instinct in view)
But then again, market sentiment is currently weak, so everything is possible including a price fall.

Away from price consideration, JULIUS BERGER is for the future.(more of mid-term play than short)
As I mentioned during a past analysis here, the coy is presently going through an inflection phase towards growth.
Key indicators shows that current YE FP came in good and above expectation.
Aside the quest to diversify their earnings base, the company is presently on top of very juicy contractual deals accross key states in the country.
In Port Harcourt, Rivers State(2 in Obio-akpo and 1 in PH LGA to be precise), the company is currently executing 3 gigantic fly-over bridges. ...with 70% down payment already secured from the state government.(the gov confirmed this)
Somehow, LARFAGE WAPCO is also a part of the contract.(they are the coy contracted to supply cement).
The duration(of the project) is for 18 months but I expect that the cashflow should begin to reflect in their book starting from this quarter.

...we'll see how things play out next week.

Selah

Their Q4 interim results also show healthy cash balances. Lets wait for the audited. Should be available this weekend or Monday at the latest.

stcool:


Morgan or Meristem...you can open with both

Thank you.

Coronavirus: Nigeria's Economy Will Suffer Significant Impact—IMF
https://businesspost.ng/economy/coronavirus-nigerias-economy-will-suffer-significant-impact-imf/

Global Crude Oil Market Regains Strength After Trump's Speech
https://businesspost.ng/economy/global-crude-oil-market-regains-strength-after-trumps-speech/

How We Plan to Manage Economy in This Crisis Period—FG
https://businesspost.ng/economy/how-we-plan-to-manage-economy-in-this-crisis-period-fg/

Alleged N8.5bn Fraud: Witness Explains How Atewe Bought 30,000 Shares from MTN Links
https://businesspost.ng/general/alleged-n8-5bn-fraud-witness-explains-how-atewe-bought-30000-shares-from-mtn-links/

Dismissed Staff Loses Suit Against UBA
https://businesspost.ng/banking/dismissed-staff-loses-suit-against-uba/

CBN Rules Out Devaluation of Naira, Insists FX Reserves Robust
https://businesspost.ng/economy/cbn-rules-out-devaluation-of-naira-insists-fx-reserves-robust/

... ALL YOU ARE DOING IN THIS LIFE, WHO WILL COMMEND YOU?

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/28#87427523

MoneyMakingOppo:
Sometimes I wonder if some people are actually trading in this market or they're just here to share memes and talk shit because according to them they never seem to lose money no matter which way the market goes, even if they advise you to buy a particular share and the price absolutely tanks, they will still be on this forum talking like oracles. Biko are these people trading with real money or demo account?

Says who...the difference is some romance their losses while other divorce it and move on.

An example Oga Peter bought WAPCO @15.50 is on a loss but you don't expect him to cry about it, off course not, because Cement must Sell.

Myself jumped into WAPCO yesterday and praying it comes below N10 again to increase my loss so I can buy more

Last year I lost money inside CHAMS...I made a kill in DF

I have also lost money inside WAPCO and sold at a loss...when we saw it was a 3 Euro stock

Do you know how much we have paid in school fees inside NSE? It is the next generation that would read that book.

This is the best time to accumulate any stock...Price like this happens once every decade...

If it is Armageddon... Both Cash @hand & Stocks would be useless... For now let me buy Small...Small...

Loss or No loss...We glory in the WINS!

stcool:


Says who...the difference is some romance their losses while other divorce it and move on.

An example Oga Peter bought WAPCO @15.50 is on a loss but you don't expect him to cry about it, off course not, because Cement must Sell.

Myself jumped into WAPCO yesterday and praying it comes below N10 again to increase my loss so I can buy more

Last year I lost money inside CHAMS...I made a kill in DF

I have also lost money inside WAPCO and sold at a loss...when we saw it was a 3 Euro stock

Do you know how much we have paid in school fees inside NSE? It is the next generation that would read that book.

This is the best time to accumulate any stock...Price like this happens once every decade...

If it is Armageddon... Both Cash @hand & Stocks would be useless... For now let be be Small...Small...

Loss or No loss...We glory in the WINS!

Bad boss
You dey wait to recoup ya loses from them ba

Agbalowomeri:


Bad boss
You dey wait to recoup ya loses from them ba

WAPCO is for better for worse this time...the bride price low this time!

No Divorce unless she pays me off!

This is not the best time to buy stock as the worst is yet to happen(your house is burning and you are saying thank God it's not more than this,can your fathom the magnitude of havoc when the fire is eventually put out?).
The results companies have been churning out were achieved in the era of above $57 per barrel.

Some of you analysing stocks and giving stock picks obviously don't understand the dynamics of Nigerian economy and how petrodollars keep our stock market bullish.
We shall begin to see the impact of this low crude oil prices in the second quarters results as I forsee some of the listed companies will make massive loss if crude oil price remain below $45 per barrel.

The global oil power houses are taking advantage of poor oil demand to settle scores (no thanks to Corona virus) and Nigeria is hooked right now because we are inconsequential on the negotiation table.

If the price tanked further to $25, Saudi Arabia,Iran and Iraq are still making massive profits as their production cost is still below $7 per barrel as matter of fact Saudi Arabia production cost is $4 and is ready to pump higher volume into the market and coast home with massive gains.
Russia,US shale,Non US shale produce at $18,$22 and $20 which imply all the mentioned countries are still relatively comfortable with the current prices.
Come to Nigeria, our production cost is $28 on paper but the real production cost far exceeds $35 due to corruption, inefficiency and wastages in the system and this is the reason our government is under serious pressure to review the crude oil benchmark and will subsequently adjust our budget size.

The likes of FBN,Union bank,Oando,Transcorp etc have not fully recovered from the 2008/2009 financial crises and now another financial crises is starring us in the face.

My investment advice,
1.Avoid stocks from financial sectors(insurance and banks),the bigger the bank/insurance company the greater the exposure
2. Embrace Agricultural stocks as our government at this time will be left with no option than to pump more money into Agriculture since there is no future in oil business again.
3.Health/Drug Manufacturers stock, Government will support this sector to cut down on dollar spendings on medical tourism and foreign drugs.
4. Construction Giants will be affected too,as government will reduce spendings on infrastructural development.

I will continue later....

samguru:
This is not the best time to buy stock as the worst is yet to happen(your house is burning and you are saying thank God it's not more than this,can your fathom the magnitude of havoc when the fire is eventually put out?).
The results companies have been churning out were achieved in the era of above $57 per barrel.

Some of you analysing stocks and giving stock picks obviously don't understand the dynamics of Nigerian economy and how petrodollars keep our stock market bullish.
We shall begin to see the impact of this low crude oil prices in the second quarters results as I forsee some of the listed companies will make massive loss if crude oil price remain below $45 per barrel.

The global oil power houses are taking advantage of poor oil demand to settle scores (no thanks to Corona virus) and Nigeria is hooked right now because we are inconsequential on the negotiation table.

If the price tanked further to $25, Saudi Arabia,Iran and Iraq are still making massive profits as their production cost is still below $7 per barrel as matter of fact Saudi Arabia production cost is $4 and is ready to pump higher volume into the market and coast home with massive gains.
Russia,US shale,Non US shale produce at $18,$22 and $20 which imply all the mentioned countries are still relatively comfortable with the current prices.
Come to Nigeria, our production cost is $28 on paper but the real production cost far exceeds $35 due to corruption, inefficiency and wastages in the system and this is the reason our government is under serious pressure to review the crude oil benchmark and will subsequently adjust our budget size.

The likes of FBN,Union bank,Oando,Transcorp etc have not fully recovered from the 2008/2009 financial crises and now another financial crises is starring us in the face.

My investment advice,
1.Avoid stocks from financial sectors(insurance and banks),the bigger the bank/insurance company the greater the exposure
2. Embrace Agricultural stocks as our government at this time will be left with no option than to pump more money into Agriculture since there is no future in oil business again.
3.Health/Drug Manufacturers stock, Government will support this sector to cut down on dollar spendings on medical tourism and foreign drugs.
4. Construction Giants will be affected too,as government will reduce spendings on infrastructural development.

I will continue later....

When it is time to sell, you will be buying and enjoying the bull.

Now that it is time to buy, you are telling people to sell.

If you can tell us what you advised people in January 2020 on NSE when the market was rising, then they should listen to you.

RabbiDoracle:


When it is time to sell, you will be buying and enjoying the bull.

Now that it is time to buy, you are telling people to sell.

If you can tell us what you advised people in January 2020 on NSE when the market was rising, then they should listen to you.

That kain analysis Lol

Those sitting on heavy losses should stay where they are. There is light at the end of the tunnel.

What you saw in the market is how it goes. Never enter a market believing that once you enter, it will always go up. It can go down faster than you imagined.

Most are sitting on over 50% loss and can't open their portfolios. Don't sell in the panic that will occur again. I believe that will be the last.

Our market was low even before the decapitation started worldwide. Coronavirus made it worst and oil crisis exacerbated it. I believe we are close to the bottom. I too like bottom

Once the bus goes to pick up Marlian and co, all road leads to North Pole.

On the coronavirus crisis, this is a black swan event that shakes the market. This isn't a financial crisis. This is a health crisis. With the way US and EU are aggressive in their approach to contain the spread, I believe end of March we will be seeing positive news on the global front.

As for the economic impact of the virus, most developed countries have started rolling out stimulus to reduce the effect on the citizens and the market. Na that stimulus go soon enter market and we go dey alright las las.

So fear not, for I am with you cc.... Veecovee

Agbalowomeri:


That kain analysis Lol

Gurus in the house pls Which stock is advisable to buy now?
Btw I'm also considering buying BTC since it's massive dip... Someone should put me through Please

*Breaking News*

Zenith Bank finally wins bid to take over Union Bank. Signs due diligence report today at the CBN HQ, Garki, Abuja.

More info unfolding soon.

Zenith Bank getting bigger

samguru:
This is not the best time to buy stock as the worst is yet to happen(your house is burning and you are saying thank God it's not more than this,can your fathom the magnitude of havoc when the fire is eventually put out?).
The results companies have been churning out were achieved in the era of above $57 per barrel.

Some of you analysing stocks and giving stock picks obviously don't understand the dynamics of Nigerian economy and how petrodollars keep our stock market bullish.
We shall begin to see the impact of this low crude oil prices in the second quarters results as I forsee some of the listed companies will make massive loss if crude oil price remain below $45 per barrel.

The global oil power houses are taking advantage of poor oil demand to settle scores (no thanks to Corona virus) and Nigeria is hooked right now because we are inconsequential on the negotiation table.

If the price tanked further to $25, Saudi Arabia,Iran and Iraq are still making massive profits as their production cost is still below $7 per barrel as matter of fact Saudi Arabia production cost is $4 and is ready to pump higher volume into the market and coast home with massive gains.
Russia,US shale,Non US shale produce at $18,$22 and $20 which imply all the mentioned countries are still relatively comfortable with the current prices.
Come to Nigeria, our production cost is $28 on paper but the real production cost far exceeds $35 due to corruption, inefficiency and wastages in the system and this is the reason our government is under serious pressure to review the crude oil benchmark and will subsequently adjust our budget size.

The likes of FBN,Union bank,Oando,Transcorp etc have not fully recovered from the 2008/2009 financial crises and now another financial crises is starring us in the face.

My investment advice,
1.Avoid stocks from financial sectors(insurance and banks),the bigger the bank/insurance company the greater the exposure
2. Embrace Agricultural stocks as our government at this time will be left with no option than to pump more money into Agriculture since there is no future in oil business again.
3.Health/Drug Manufacturers stock, Government will support this sector to cut down on dollar spendings on medical tourism and foreign drugs.
4. Construction Giants will be affected too,as government will reduce spendings on infrastructural development.

I will continue later....

On the 1st part in bold, u obviously need to learn a thing or 2 about the workings of the oil market and how the cycle of demand/supply chain affect economy's globally.
Time will not permit me to begin to put out certain figures.
But believe me, u truly do need the advise from the statement above !!

On the 2nd part in bold, u still need to understudy a few more things. It's funny how u quickly related production cost to the current price levels in the country's u mentioned but failed to relate the said price levels to their budget benchmark, vis-a-vis the impact on their GDP(weaker cashflow) and balance sheet.
Do u know that the Iran u mentioned(a country presently in a far bigger mess) has a BEP(breakeven price) of approx $195pb? Infact, the world bank has on 3 separate occasions refused to grant a project financing loan to Iran.
Are u also aware that Saudi Arabia, the UAE and a few other country's have a higher BEP than Nigeria?
Again, amongst all the opec member nations(including Nig), Iraq has the least diversified economic base because of its extreme reliance on oil. ...and the thing about lower extraction cost(Iraq is the 2nd highest producer with low cost after Saudi) can NOT even save it from fiscal strain, given that the present price drop to circa $30+ has already reduced the country's current A/C to near $30B.
...so u see that ur assumption that lower production cost can create an all-touching buffer and drastically curb impact, does not hold water !!
Aside Saudi and few others, Nos prove that Nigeria is currently in a better position than Iran, Iraq and some other countries.(like Angola in Africa)

Admitted, a few of these country's like Saudi, Kuwait and Russia have a relatively strong balance sheet as buffer to withstand the shock from price strain, but that doesn't mean there won't be a shock. ...no one will be spared !!
The Saudi economy was already facing serious headwinds prior to this time. ...it grew by just a meagre 0.3%, with GDP per capita dropping by over 8% in 2019. Infact, the country is likely to witness a deficit of over $100B this yr alone, given the present strain from oil price !! The IMF has already issued a warning to that effect.
With Russia and a few other opec/opec+ members, the situation is not that different. ...including the US shale oil producers. There is a reason why they(the shale guys) are already cutting down on production levels. There is also a reason why the US gov't is looking to offer them a stimulus even when they're already deepening down on cost cutting measures. ...with their balance sheet heavy on debt, the shale guys are'nt also safe. As I mentioned in my last article, everyone will pay a price for this !!

The greatest benefactors are not even the country's u mentioned. The Asian consumer mkt who determine the demand curve are. India for example, consumes about 1.7B barrel/yr. A price drop to $30pb means that that country alone can amass as much as $74B as net savings !!
...so is China as production activities gradually resume, post covid-19(part in italics, an investment hint)
If u understand this line, then u'll know that ego and fight for market share play will not continue for too long. The opec/opec+ understand that they're merely offering a stimulus to others. That $74B possible net gain to India(assuming a yr long average price of $30pb) should've been a cashflow to the opec. ...so soon, they will come to a round table and discuss !!


There are lots to say, but let me just tell u why we have recommended u begin to align with Nigerian equities(healthy ones though)

1st off, these country's with similar challenges(risk) have assets where a look in on reward presents a far lower MoS compared to their Nigeria counterpart.
In Russia and US for example, most equity assets already have very low and even negative MoS(BV to price in view), with cashflow return rate(PEG in view) at a far higher duration for a value investor.
...a strain in oil price means that these indicators will be pressured further. The same thing is applicable in Nigeria, but do u know the difference?
Equity assets here already have secured reward margins(MoS) that surpasses the risk(oil price shock) and other likely after effect(i.e devaluation).
Remember that a value investor(we seek value) understand that every investment climate can pose a risk, and so he looks for a margin(in pricing) to create a great cushion adjusting for that risk.
...thats why we talk of current div yields in our bid to detach risk and chase reward.
At current price level, ZENITH bank will return to an investor an X amount of fund invested in it in just over 4 yrs !! ...would be nice if u can point us to any asset in the US, Saudi, Russia, Iran, Iraq or anywhere else that can return an investors money in 10 years !!
Oh... and before u say that ZENITH may likely not pay the same amount as div this yr, look at the banks current YE FP and think through revaluation gains and having a healthy and well diversified loan book. The bank is in line to amass near $670M. ...that's a whooping N24.2B via revaluation gains alone, should ur worry from oil price drop lead to a devaluation.(assuming a 10% currency devaluation and using an xchange conversion peg of 360/$).
Though not all banks, but so it is with GTB, UBA and to lesser degree FCMB and FIDELITY.
This is why I always say that every risk can also be a blessing to some coys... including the worry from covid-19 and oil price fall.

These banks have a good risk management framework. As at 2018, some of them were short on the $ and long on the Naira, but had to reverse things(go long on the $ and short on N) in 2019, in preparation for any eventuality.
Its all about employing 2nd-level thinking, and the banks almost always do !! ...so ur investment advise in 1 is a No No. The 2nd and 3rd point though is valid, while point No 4 is dependent on certain other factors.

A few other coys are also in line to benefit from these plays. I mentioned some of them in my last article.
Note that we do not recommend all coys, but only the ones and sectors we believe can benefit from current events.
...Pls do well to be guided accordingly !!

Regards.

samguru:
This is not the best time to buy stock as the worst is yet to happen(your house is burning and you are saying thank God it's not more than this,can your fathom the magnitude of havoc when the fire is eventually put out?).
The results companies have been churning out were achieved in the era of above $57 per barrel.

Some of you analysing stocks and giving stock picks obviously don't understand the dynamics of Nigerian economy and how petrodollars keep our stock market bullish.
We shall begin to see the impact of this low crude oil prices in the second quarters results as I forsee some of the listed companies will make massive loss if crude oil price remain below $45 per barrel.

The global oil power houses are taking advantage of poor oil demand to settle scores (no thanks to Corona virus) and Nigeria is hooked right now because we are inconsequential on the negotiation table.

If the price tanked further to $25, Saudi Arabia,Iran and Iraq are still making massive profits as their production cost is still below $7 per barrel as matter of fact Saudi Arabia production cost is $4 and is ready to pump higher volume into the market and coast home with massive gains.
Russia,US shale,Non US shale produce at $18,$22 and $20 which imply all the mentioned countries are still relatively comfortable with the current prices.
Come to Nigeria, our production cost is $28 on paper but the real production cost far exceeds $35 due to corruption, inefficiency and wastages in the system and this is the reason our government is under serious pressure to review the crude oil benchmark and will subsequently adjust our budget size.

The likes of FBN,Union bank,Oando,Transcorp etc have not fully recovered from the 2008/2009 financial crises and now another financial crises is starring us in the face.

My investment advice,
1.Avoid stocks from financial sectors(insurance and banks),the bigger the bank/insurance company the greater the exposure
2. Embrace Agricultural stocks as our government at this time will be left with no option than to pump more money into Agriculture since there is no future in oil business again.
3.Health/Drug Manufacturers stock, Government will support this sector to cut down on dollar spendings on medical tourism and foreign drugs.
4. Construction Giants will be affected too,as government will reduce spendings on infrastructural development.

I will continue later....

When do you want to buy ?
When Zenith is N=50 and GTB = N65...?
Or Okomu is N=90 and Presco N=75...?

Willie2015:


When do you want to buy ?
When Zenith is N=50 and GTB = N65...?
Or Okomu is N=90 and Presco N=75...?

.....you are a wicked somebori

Coolcash1:
`We seems to be all trapped...even yours truly....

My stock pick;

GTB- N15 - we are almost there
Zenith- N10 - Monday is the d-day.
Wapco (need more units)- N10
Caverton - N2
Sterling bank- N1- almost there
Wema bank- N0.30 - almost there
Access- N4- it’s coming to zaddy
Nestle- N700 - it’s coming to zaddy

....changed my usd to massively mop up these stocks. I am loving this bear...

RabbiDoracle:


When it is time to sell, you will be buying and enjoying the bull.

Now that it is time to buy, you are telling people to sell.

If you can tell us what you advised people in January 2020 on NSE when the market was rising, then they should listen to you.

Coolcash1:


....changed my usd to massively mop up these stocks. I am loving this bear...

Better don't change your USD (safe haven) yet because stocks will still get cheaper and devaluation is inevitable.

BARGAIN HUNTERS TAKE NOTE!

scarphase:
*Breaking News*

Zenith Bank finally wins bid to take over Union Bank. Signs due diligence report today at the CBN HQ, Garki, Abuja.

More info unfolding soon.

Zenith Bank getting bigger

Say God.

samguru:
This is not the best time to buy stock as the worst is yet to happen(your house is burning and you are saying thank God it's not more than this,can your fathom the magnitude of havoc when the fire is eventually put out?).
The results companies have been churning out were achieved in the era of above $57 per barrel.

Some of you analysing stocks and giving stock picks obviously don't understand the dynamics of Nigerian economy and how petrodollars keep our stock market bullish.
We shall begin to see the impact of this low crude oil prices in the second quarters results as I forsee some of the listed companies will make massive loss if crude oil price remain below $45 per barrel.

The global oil power houses are taking advantage of poor oil demand to settle scores (no thanks to Corona virus) and Nigeria is hooked right now because we are inconsequential on the negotiation table.

If the price tanked further to $25, Saudi Arabia,Iran and Iraq are still making massive profits as their production cost is still below $7 per barrel as matter of fact Saudi Arabia production cost is $4 and is ready to pump higher volume into the market and coast home with massive gains.
Russia,US shale,Non US shale produce at $18,$22 and $20 which imply all the mentioned countries are still relatively comfortable with the current prices.
Come to Nigeria, our production cost is $28 on paper but the real production cost far exceeds $35 due to corruption, inefficiency and wastages in the system and this is the reason our government is under serious pressure to review the crude oil benchmark and will subsequently adjust our budget size.

The likes of FBN,Union bank,Oando,Transcorp etc have not fully recovered from the 2008/2009 financial crises and now another financial crises is starring us in the face.

My investment advice,
1.Avoid stocks from financial sectors(insurance and banks),the bigger the bank/insurance company the greater the exposure
2. Embrace Agricultural stocks as our government at this time will be left with no option than to pump more money into Agriculture since there is no future in oil business again.
3.Health/Drug Manufacturers stock, Government will support this sector to cut down on dollar spendings on medical tourism and foreign drugs.
4. Construction Giants will be affected too,as government will reduce spendings on infrastructural development.

I will continue later....

These advice you have given will only work in a sane clime.If one follow these advice,without considering the prevailing market condition,then the person is in for a long thing

1.Avoid financial sector,like zenith bank,uba even when you feel the price is right,i refuse to agree
2. Embrace agricultural stocks like livestock feeds, or presco/okomuoil at current price,its a no no for me

3 .Health/drug manufacturers have not being doing too well,fidson,gsk,maybaker, i see only neimeth showing positive signs there,(not a recommendation)

4. Construction giant like JB, just delivered a nice one,its difficult to avoid
Buying value irrespective of the sector should actually be the focus

No matter how promising a sector/stock is, never overpay for such a stock
All the same the write up is an eye opener kudos