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Nigerian Stock Exchange Market Pick Alerts - Investment (5874) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 12:19pm On Jul 16, 2020
stcool:
The market has reached its compression limit may continue to range until Q2 results start coming in...

The only way from here is a breakout in the upwards direction

Next week into August should be bullish!!!


On the side...I hope it is a major takeover that is happening in Sterling bank grin

Whichever direction we are fully seated and waiting.


Ranging market grin
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 12:20pm On Jul 16, 2020
NSE website not displaying today trading price. What is happening
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:32pm On Jul 16, 2020
eziokwunwoko:
NSE website not displaying today trading price. What is happening

Lol, be like say NSE don crash.
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:33pm On Jul 16, 2020
Even the Yochaa app didn't update today. Abeg o.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:41pm On Jul 16, 2020
Fbnh: Battle for N5 support ongoing.......which side is winning? We are watching...... smiley

Bargainers can't take away their attentions from interim dividend paying stocks......Ugaz......also 'F' somehow.....
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:42pm On Jul 16, 2020
Sefiuu:

Thank you for this update.

I finally received my DANGCEMENT and CAVERTON dividends today. After several back and forth emails.

It was all done online, I don't even know how the four walls of my stock broker or the registrars look like.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:50pm On Jul 16, 2020
locodemy:
Market now is defiling TA,FA,NA SA and other AAA things.

Jijoists like me must have cash out waiting for the next direction.
Is this what the chart is saying? Lol.
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 12:57pm On Jul 16, 2020
GSK crashed from N8 - N4.40
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 1:09pm On Jul 16, 2020
OBAGADAFFI:
GSK crashed from N8 - N4.40

Some brought at 8.6(intraday high)
Picked some units today @4.4
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 1:17pm On Jul 16, 2020
Growing the Dangote Cement way...
#ConsistentGrowth...

9 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:24pm On Jul 16, 2020
leo1234:


Some brought at 8.6(intraday high)
Picked some units today @4.4

Those that entered @ 4.4 are better positioned.
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:32pm On Jul 16, 2020
Mcy56:
Fbnh: Battle for N5 support ongoing.......which side is winning? We are watching...... smiley

Bargainers can't take away their attentions from interim dividend paying stocks......Ugaz......also 'F' somehow.....

Is FBN are good buy at N5.00
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:48pm On Jul 16, 2020
grin
locodemy:


Market now is defiling TA,FA,NA SA and other AAA things.

Jijoists like me must have cash out waiting for the next direction.
Re: Nigerian Stock Exchange Market Pick Alerts by Ibrahim505(m): 2:01pm On Jul 16, 2020
Support broken with eti
Re: Nigerian Stock Exchange Market Pick Alerts by S007: 2:07pm On Jul 16, 2020
Mcy56:
Fbnh: Battle for N5 support ongoing.......which side is winning? We are watching...... smiley

Bargainers can't take away their attentions from interim dividend paying stocks......Ugaz......also 'F' somehow.....

The more times support is tested, the weaker it becomes. I hope this one holds.
Make I run b4 bargain hunters kee me.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 2:12pm On Jul 16, 2020
Why was the EPS of 2018 so high compared to the others?
Bros, u fit share the googlesheet of the raw file?
DrAwo:
Growing the Dangote Cement way...
#ConsistentGrowth...
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:12pm On Jul 16, 2020
Ibrahim505:
Support broken with eti
4.35 now........even lower than Covid price.
Should be a good bargain from here.
Though I don't know much about ETI but oga BBM mentioned something like N6 few days ago .......TA wise.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:20pm On Jul 16, 2020
adebanjo1100:

Is FBN are good buy at N5.00
Depending on how deep your pocket is. grin
......but Fbnh support at N5 has been broken......lots of defence going on there to prevent it from moving lower but it's losing the defence gradually.........may likely go below N5.
Think you should monitor the price movement first.......

NB: pls know that no one can time the market, trend may change anytime, reason I said it depends on your pocket, if it's deep and you're fat with pot belle like my Oga Oracle, grin you can be picking in tranches from N5.

Updated: wait for sub 5 but keep eye on the price mvmt too.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by arduino: 2:28pm On Jul 16, 2020
locodemy:


Market now is defiling TA,FA,NA SA and other AAA things.

Jijoists like me must have cash out waiting for the next direction.
Stopped checking my NSE portfolio na my NYSE portfolio dey give me hope now. Thanks to Powell and Mnuchin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:29pm On Jul 16, 2020
S007:
The more times support is tested, the weaker it becomes. I hope this one holds.
Make I run b4 bargain hunters kee me.
Lol. Weak support already.
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 2:33pm On Jul 16, 2020
ojesymsym:
Why was the EPS of 2018 so high compared to the others?
Bros, u fit share the googlesheet of the raw file?
Good question...

They got some tax write-back from previous taxes paid in 2017 based on pioneer status exemptions obtained for their Ibese production lines 3 & 4 and Obajana production line 4.

This boosted their Profit after tax disproportionate to other years.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:37pm On Jul 16, 2020
@stcool can you see your FMN? N17 now.
You see why you needed a dose of patience to get your entry right here.
It was hitting resistance at circa 20 (or thereabout) repeatedly, unable to move further, before it started retracing.
Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 2:47pm On Jul 16, 2020
Apparently, we should expect a great reduction in revenue for 2020 considering how this year has fared then, what do you think
?
DrAwo:

Good question...

They got some tax write-back from previous taxes paid in 2017 based on pioneer status exemptions obtained for their Ibese production lines 3 & 4 and Obajana production line 4.

This boosted their Profit after tax disproportionate to other years.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:05pm On Jul 16, 2020
In my opinion and from the look of things, stock prices may not suffer too much again once results starts coming in.
Seems Mr. Market is already pricing-in the covid effect.
........moreso that NSE is moving in opposite direction to other Exchanges elsewhere.
It's just my my opinion, I may be very wrong.
We await update from the newest and hot TA guy in the house.........Loco over to you. grin
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 3:19pm On Jul 16, 2020
PETERiCHY:
Join us on YouTube for the

2020 UACN ANNUAL GENERAL MEETING via the link below and as well ask questions



https://www.youtube.com/watch?v=PakITevr8Mk

UACN dividend just landed 3.17pm no withholding tax on mine.

BARGAIN HUNTERS TAKE NOTE grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 3:22pm On Jul 16, 2020
The way we now view thread
GOD dey oooo grin grin grin

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 3:29pm On Jul 16, 2020
ojesymsym:
Apparently, we should expect a great reduction in revenue for 2020 considering how this year has fared then, what do you think?
I can see you are heavy here...
Lol... I'm not an analyst but their q1 was flat, q2 was locked down, Q3 will see phased reopening and q4 is the light at the end of the tunnel... Besides renewed competition with Bua will take its toll as well...

Not sure about "great" but they will certainly take a hit. I'm sure they'll bounce back once we are out of recession...

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:29pm On Jul 16, 2020
DrAwo post=9177280t1:
Growing the Dangote Cement way...
#ConsistentGrowth...


Thank you always .....

Am grateful

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Truth234(m): 3:32pm On Jul 16, 2020
Axxela Funding Listed N11.5 Billion Bonds on Stock Exchange

Axxela Funding 1 Plc listed N11,500,000,000 Series 1 bonds at a 14.30 percent fixed rate on the Nigerian Stock Exchange on Thursday.

The bonds expected to mature in 2027 were issued under the N50,000,000,000 Bond Issuance Program today.

https://investorsking.com/axxela-funding-lists-n11-5bn-bonds-on-the-nigerian-stock-exchange/
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:48pm On Jul 16, 2020
Truth234:
Axxela Funding Listed N11.5 Billion Bonds on Stock Exchange

Axxela Funding 1 Plc listed N11,500,000,000 Series 1 bonds at a 14.30 percent fixed rate on the Nigerian Stock Exchange on Thursday.

The bonds expected to mature in 2027 were issued under the N50,000,000,000 Bond Issuance Program today.

https://investorsking.com/axxela-funding-lists-n11-5bn-bonds-on-the-nigerian-stock-exchange/


I hope this bonds will perform sha?

N10 million will earn a total coupon of N10 million in 7 years.

If the Investor reinvest his coupons for 7 years at a conservative return of 10% should be able grow his coupons to N13.3 million at maturity.

Plus the invested sum, that will be N23.3 million. Not bad for investors who care concerned about the safety of their capital through fixed income Investment over a period of 7 years.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 3:55pm On Jul 16, 2020
PETERiCHY:


UACN dividend just landed 3.17pm no withholding tax on mine.

BARGAIN HUNTERS TAKE NOTE grin

Check well o. They collected their 10% WHT from mine
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:57pm On Jul 16, 2020
bigjay01:


Check well o. They collected their 10% WHT from mine


Withholding taxes were deducted

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