OBAGADAFFI:


Interesting,

what was the outcome of yesterday AGM?

If the outcome is positive we would have seen a stronger bid this morning rather the offers are growing and the bids getting weaker.

onegentleguy:


To the part in bold...
Answer; Yes it did hold !!
It's a BOD meet up though, not AGM. ...AGM should come up after their YE FP is released.

It is well.

BOD meeting actually.
Those guys must be concealing something

bisiki2:


Board meeting Sir, not AGM.

So Sorry Board meeting

PETERiCHY:


How can you claim to be a trader and still remain in a trade after a whooping 20% loss
let alone a 60% loss

Any trader who waits till his loss in a position gets to 20% is a freshman or wannabe. I don't believe anybody will set stop loss at 20%.

A fundamental investor can comfortable sit on paper loss of >20% knowing he was a long runway in years to recover and make money.

http://www.nse.com.ng/Financial_NewsDocs/29531_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

If you are not here yet, why go in?

But note...my take is that this is a distressed stock of an otherwise "good company" that got its funding structure and marketing strategy wrong. It still has a strong product portfolio and k believe the new management will pay a lot of attention on the value segment of the market where it appears to be thumping NB.

After the rights issue which i understand was mostly taken up by the parent company, i truly expect this company to delist within 18 months. However, these are just my thoughts and time will tell.

S007:


Meristem
Buying
Brokage commission fee - 1.35%
Sec fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

Selling
Brokage commission fee - 1.35%
Cscs Transaction fee - 0.3
Nse fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

As copied on the platform

Yeah, it's obviously on the high side, I guess I should shift my goalpost

You are spot on Sir.

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/29531_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

If you are not here yet, why go in?

But note...my take is that this is a distressed stock of an otherwise "good company" that got its funding structure and marketing strategy wrong. It still has a strong product portfolio and k believe the new management will pay a lot of attention on the value segment of the market where it appears to be thumping NB.

After the rights issue which i understand was mostly taken up by the parent company, i truly expect this company to delist within 18 months. However, these are just my thoughts and time will tell.

Pls house, which stock is advisable to buy now with N10,000?
Thanks

How much is MTN trading currently

N99

lexy2lexy:
How much is MTN trading currently

S007:
Morgan website says brokage fee is 0.5%.

Chai. So this Meritrade dey wound me since. Chai

God go bless the person wey ask this question

Na me ask o!

Hahahahahaha. Make I collect my blessings.

faoogoke:


Can you explain what you mean by United Capital is cheaper?

SEC; 0.3%
COMMISSION: 1.00 excluding VAT
STAMP DUTY: 0.075%
TRADE ALERT: N4.20 VAT included

I think the difference is minimal. The figures are for United Capital

I used the word “slightly”.

UCAP - buy 1.725%, sell 2.025%

MeriTrade - buy 1.8625%, sell 2.17125%

All with the additional 4.2 naira....

All these follows what I said.

Maybaker: Full bid

OBAGADAFFI:



Call them and request for your CSCS number.

That is your number on the NSE.

With that number, you can you request account statement from CSCS, if the doubt you wealth.ng statement.

Thanks so much, I didn't know of this CSCS number and the importance.

I have sent them a mail, waiting for there reply.

wamiikechukwu:



Thanks so much, I didn't know of this CSCS number and the importance.

I have sent them a mail, waiting for there reply.

Would like to hear what they have to say, if you don’t mind sharing with us. For research purposes.

Wow, 2 million units of UACN... We're watching them on Plasma tv. By the way, WAPCO will most likely close below N9.30. NESTLE!!!

BARGAIN HUNTERS...

Well what I know is that all manufacturing are in same shoe.

Untill results are out assumptions are not adequate,

Dangsugar 9+
Dangcement 116+
Unilever 10+
BUA 31.8+
Cadbury 6+
Jberger 22+
Flourmill 19
Nascon 8.5
OKomu 55+
Presco 36+
PZ4+
Nestle 841

Who does the selling into these low prices?
Thinking WAPCO should be different is out of order Sir.
Even with the best of figures as JB, the price may not move........ time is not in support sentiment is rulling now.

PETERiCHY:


Since March 16th that marks their close period can't we see that some folks are coded and constantly dumping at N9

UACN will not pay a dividend this year. CAP with good results did not pay dividend. Anyone in this boat because of dividends should reassess his/her decision.

seyisanya:
Wow, 2 million units of UACN... We're watching them on Plasma tv. By the way, WAPCO will most likely close below N9.30. NESTLE!!!

BARGAIN HUNTERS...

MTN GROUP will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.

The impact of the pandemic on international financial markets doesn’t change the importance of selling part of the 79% shareholding to local investors, Chief Financial Officer Ralph Mupita said in an interview. However, the rest of a three-to-five year plan to dispose of 25-billion rand ($1.4 billion) of assets will probably take a back seat for now, he said.

“In Nigeria we still want to do part of our retail offer, even if it’s a smaller part of the total planned sale,” Mupita said by phone. “We are applying our minds to doing this at the moment."

MTN is disposing of part of its largest division after a series of disputes with Nigerian authorities, most recently over tax payments and the withdrawal of cash from the country. The plan is to sell about a 15% stake to local investors, reducing MTN’s ownership to about 64%. MTN Nigeria Communications Ltd. was listed in Lagos last year, and is the country’s second-biggest publicly traded company.

Nigeria is MTN’s biggest market, accounting for a third of overall 2019 revenue and almost 40% of earnings before interest, taxes, depreciation and amortization. The Johannesburg-based company is also the biggest provider of telecom services in the country, with almost 69 million customers, according to the Nigerian Communications Commission.
Share Rally

The drastic fall in oil prices, hurting major producers including Nigeria, and the outbreak of the coronavirus has weighed on MTN’s share price, which hit 15-year lows last week. The stock has since rallied for six straight days, and traded as much as 21% higher in Johannesburg on Tuesday -- the biggest jump in two decades.

“We of course have no visibility on how all of this could play out, but the business currently has a resilient balance sheet and is highly cash generative, with most of our business coming from pre-paid contracts,” Mupita said.

MTN’s cash position was bolstered by the sale of 14 billion rand in assets last year, including stakes in telecom-tower companies in certain African markets. Some of that was paid in dollars, which provides a currency hedge against the weakening rand, the CFO said. MTN also has a credit facility that can be accessed if needed, he added.

MTN expects an increase in data usage as more and more of its markets go into lockdown due to the outbreak of the coronavirus.

“We want to make sure that our networks have resilience and capacity,” Mupita said. “We are looking at where we can drive broader coverage.”

https://www.bloomberg.com/news/articles/2020-03-31/mtn-moves-ahead-on-nigerian-stock-sale-with-markets-in-turmoil

onegentleguy:
MTN GROUP will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.

The impact of the pandemic on international financial markets doesn’t change the importance of selling part of the 79% shareholding to local investors, Chief Financial Officer Ralph Mupita said in an interview. However, the rest of a three-to-five year plan to dispose of 25-billion rand ($1.4 billion) of assets will probably take a back seat for now, he said.

“In Nigeria we still want to do part of our retail offer, even if it’s a smaller part of the total planned sale,” Mupita said by phone. “We are applying our minds to doing this at the moment."

MTN is disposing of part of its largest division after a series of disputes with Nigerian authorities, most recently over tax payments and the withdrawal of cash from the country. The plan is to sell about a 15% stake to local investors, reducing MTN’s ownership to about 64%. MTN Nigeria Communications Ltd. was listed in Lagos last year, and is the country’s second-biggest publicly traded company.

Nigeria is MTN’s biggest market, accounting for a third of overall 2019 revenue and almost 40% of earnings before interest, taxes, depreciation and amortization. The Johannesburg-based company is also the biggest provider of telecom services in the country, with almost 69 million customers, according to the Nigerian Communications Commission.
Share Rally

The drastic fall in oil prices, hurting major producers including Nigeria, and the outbreak of the coronavirus has weighed on MTN’s share price, which hit 15-year lows last week. The stock has since rallied for six straight days, and traded as much as 21% higher in Johannesburg on Tuesday -- the biggest jump in two decades.

“We of course have no visibility on how all of this could play out, but the business currently has a resilient balance sheet and is highly cash generative, with most of our business coming from pre-paid contracts,” Mupita said.

MTN’s cash position was bolstered by the sale of 14 billion rand in assets last year, including stakes in telecom-tower companies in certain African markets. Some of that was paid in dollars, which provides a currency hedge against the weakening rand, the CFO said. MTN also has a credit facility that can be accessed if needed, he added.

MTN expects an increase in data usage as more and more of its markets go into lockdown due to the outbreak of the coronavirus.

“We want to make sure that our networks have resilience and capacity,” Mupita said. “We are looking at where we can drive broader coverage.”

https://www.bloomberg.com/news/articles/2020-03-31/mtn-moves-ahead-on-nigerian-stock-sale-with-markets-in-turmoil

And I wanted to buy Mtn oh but it’s for the big men like you... let me find prices like first bank and uba sir

ebuka1997:


And I wanted to buy Mtn oh but it’s for the big men like you... let me find prices like first bank and uba sir

Me big man?
...me that is still struggling to get my March minimum wage to support my stay at home following the lockdown in most states.
And the month ends today sef. Chaii !!

Btw, the news should not prevent u from buying into the stock if u so desire.
The pivotal thing is that any such move should align with ur investment strategy and goal after carrying out due diligence.
MTN is good, but when I look around the 'NSE room', I see better coys that one can permute from.

It is well.

onegentleguy:


Me big man?
...me that is still struggling to get my March minimum wage to support my stay at home following the lockdown in most states.
And the month ends today sef. Chaii !!

Btw, the news should not prevent u from buying into the stock if u so desire.
The pivotal thing is that any such move should align with ur investment strategy and goal after carrying out due diligence.
MTN is good, but when I look around the 'NSE room', I see better coys that one can permute from.

It is well.

Haha no I mean the price is high for my allotted funds, and the dividend yield isn’t that tempting. When the lockdown was announced I actually had Mtn in mind as one of the companies that could benefit from people using data and credit like we’re doing now unless they succumb to public protest to reduce their data cost which is unlikely... I wanted to buy Mtn at 90 but before my bid could be filled it quickly ran away.

with all your world class analysis here I’m sure you’re fully loaded ready to attack prices in the market

onegentleguy:
MTN GROUP will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.

MTN is disposing of part of its largest division after a series of disputes with Nigerian authorities, most recently over tax payments and the withdrawal of cash from the country. The plan is to sell about a 15% stake to local investors, reducing MTN’s ownership to about 64%. MTN Nigeria Communications Ltd. was listed in Lagos last year, and is the country’s second-biggest publicly traded company.

MTN expects an increase in data usage as more and more of its markets go into lockdown due to the outbreak of the coronavirus.

“We want to make sure that our networks have resilience and capacity,” Mupita said. “We are looking at where we can drive broader coverage.”

https://www.bloomberg.com/news/articles/2020-03-31/mtn-moves-ahead-on-nigerian-stock-sale-with-markets-in-turmoil

MODIFIED

This is partly to meet the free float requirement as agreed with NSE and SEC before listing. Many other companies such as Union Bank, Champion Breweries etc. have not complied with this free float requirement but you know when it comes to MTN, everybody eyes go red .

Company remains a great bet as is but folks should watch out for lower pricing before jumping in just to create better MoS.

In 2020 results should adjust for lower data cost regime as lower data cost should generate increase data usage. Hopefully, soon, Bank's opposition to CBN giving it a proper "Payment Service Bank" license to do Fintech should fizzle out and it should have another healthy stream of income. Waiting in wings to capitalize on this should be its strong agent network and spread. Good investment in the medium term but certainly not short-term.

ojeysky:


You may look at meritrade just started using them and they seem quite responsive

Very responsive.

ebuka1997:


Haha no I mean the price is high for my allotted funds, and the dividend yield isn’t that tempting. When the lockdown was announced I actually had Mtn in mind as one of the companies that could benefit from people using data and credit like we’re doing now unless they succumb to public protest to reduce their data cost which is unlikely... I wanted to buy Mtn at 90 but before my bid could be filled it quickly ran away.

with all your world class analysis here I’m sure you’re fully loaded ready to attack prices in the market

Attack?
My dear if there's one thing that needs to be attacked, and forcefully for that matter, then it'll be the 'evil' called COVID-19.
But yeah, I am also 'ferociously embracing'(not attacking oo) some assets in the 'NSE room'.

In the end, we'll see if the "folks I embraced did help me run away from the attack"
Only TIME can set matters straight and put them in their right perspective.

Selah

anjilgreat:


Yes, cheaper is an understatement! . I use both morgan capital and meritrade but can confidently say morgan has greatly improved and impresses me more.

It's good to hear that you've experienced both, I have only experienced meritrade for a while and think they were quite responsive, is that the same with Morgan?

ojeysky:


It's good to hear that you've experienced both, I have only experienced meritrade for a while and think they were quite responsive, is that the same with Morgan?

They are both responsive but the customer service of meritrade is quite impressive..

In terms of real-time trading experience, I give it to morgan capital, meritrade can be slow and heavy sometimes, especially recently.

You can still open a trading account with Morgan Capital and compare your experience with both.

I use morgan capital for my short-term Investments and some quick gains (JIJO), so their lower charges becomes advantageous; but use meritrade for my mid-term/long-term Investment, I dare not try JIJO on meritrade because I'll end up enriching meritrade due to their higher charges.

Hello All, I am a new member here and had a question for the senior men here.
Based on Mohammed EL-Elian's evaluation, companies are gonna be going under. My question is is there a way to know private companies that will go under? so for publicly traded companies you know their books but private companies like investment houses. Lets say one invest with an investment house or a micro-finance bank, how do you know their strength.

I ask because say an investment house gives 9% annually, given the volatility of the market its smart to keep investing in such a house but one must be sure its not gonna go under. Is there any way to be sure of this?
Any advice would be greatly appreciated.

https://www.cnbc.com/video/2020/03/30/mohamed-el-erian-markets-stocks-investment-strategy-squawk-box.html?fbclid=IwAR0B8415TV9CsRAScUV9x4qGrZmVP4X3EoDjODOrgbQllEUcH_cuLqrLZ_w

OakPearl:


With Lagos alone receiving N1bn from UBA alone, and all the grants and donations pouring in from Tinubu N200m, Atiku N50m, BUA chairman N1bn, WHO and Fed, you will expect most of it going into the healthcare sector.

[Manufacturers of medical products will benefit from the chunk of these largess.
Maybe 2020 is the resurrection year for the likes of GSK.

OBAGADAFFI:
GLAXO SMITHKLINE and NEIMETH on full-bid

OBAGADAFFI:
MAY & BAKER on the move

ggoldmine:
Maybaker: Full bid

All observations in line with my earlier reasoning.
I have learnt, at no time is there no money to be made in the market.

OakPearl:








All observations in line with my earlier reasoning.
I have learnt, at no time is there no money to be made in the market.

Correct

http://www.nse.com.ng/Financial_NewsDocs/29542_FIRST_CITY_MONUMENT_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf
FCMB done show
14k dividend. Fidelity pass this one. Not even up to 10%dividend yield, even with corona Virus

onegentleguy:
Looks like what now remains to settling the 'oil war' is Saudi Arabia.
The US and Russia seem to have started a fresh romance towards an agreement.
Russia state owned oil firm Rosneft has just announced a deal to sell off its 100% stake in Venezuela in all 5 JVs plus its oil-field services companies, commercial and trading operations, on the same day that the President of both countries(Trump and Putin) had a phone chat ealier.

https://www.neweurope.eu/article/rosneft-sells-its-venezuelan-assets/
https://tass.com/economy/1137667

For emphasis; The matter about Rosneft was at the center of issues which lead to a series of sanction on Russia by the US.
Maybe Washington is now closer to removing sanctions on Moscow.

The Saudis must have to bend. ...they will.
As I stated here in the past, they will even feel more heat than the US and Russia.(see link to post; https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5421#87434422)

Prior to this time, the Saudi economy has been deteriorating with several growth indices dealt a serious blow. Forget the low extraction cost. They will feel serious heat... Impact will be huge(the Nos are there to prove this)
No wonder they are now planning to sell a stake in their pipeline business to help shore up capital given the huge deficit that'll come with the current oil price slump.(the country already suffered an over 8% shortfall in GDP per capita in 2019)
Now they need to settle some massive payment, and they are strapped of cash.
https://www.pulse.ng/bi/finance/saudi-aramco-needs-cash-with-oil-prices-at-a-17-year-low-and-now-it-may-reportedly/5k7l3c5

The Saudis will feel serious heat !!
They must agree...

Some folks will make a kill from oil price. ...correction will likely be v-shaped and speedy.

Script still playing out just fine...

cc: @RabbiDoracle @robobo

. Chief the script play has finished na interlude we dey now. When the next play go start i dont know but what i know is that interlude by its nature is short