₦airaland Forum

Biafran4life:
How funny people could sound.They have refused to have stock trading as one part of their hustle.They came into nse thinking it is naira bet.You have never seen them make informed analysis on nse.All the noise they make now is all about some other countries exchange with their change that made no difference in nse.They equally want to drive traffic to another thread where they contribute nothing with different monikers..They are quick to list companies that are not doing well but forgot to mention the likes of NB that I bought at #22.Bros let it be known ,nse is not for get rich quick people.All I can tell any new comer Stick with companies that have been paying dividend and at the long run you will not regret.I have been in the game for over 20yrs so I am speaking from experience

You meant based on your experience you waited for over 20yrs to buy NB at it all time low of N22

Bros fear God naa

PETERiCHY:
The way minority shareholders will be waiting for GUINNESS mgt at their next AGM

U don finally sell abi?

OBAGADAFFI:
Zenith Bank is still cheap

Morning sir!
The picture you posted, pls which website did you get it from?

Waiting for them through proxy form? I guess you've forgotten that attendance is through proxies and invitation by the said management, are you expecting them to invite who will give them problem? You will be surprised with the headlines you will see after the meeting.

OBAGADAFFI:
Any news about Law and union?

The court order meeting and AGM holds on 10th of September

Biafran4life:
How funny people could sound.They have refused to have stock trading as one part of their hustle.They came into nse thinking it is naira bet.You have never seen them make informed analysis on nse.All the noise they make now is all about some other countries exchange with their change that made no difference in nse.They equally want to drive traffic to another thread where they contribute nothing with different monikers..They are quick to list companies that are not doing well but forgot to mention the likes of NB that I bought at #22.Bros let it be known ,nse is not for get rich quick people.All I can tell any new comer Stick with companies that have been paying dividend and at the long run you will not regret.I have been in the game for over 20yrs so I am speaking from experience

Enough said

Mpeace:
U don finally sell abi?

For where

GUINNESS reduced their DEBT from N20.5B last year down to N2.5B this year.

That means the WORST is over it's now a NEW DAWN.

http://nsmnews.com/threads/guinness-nigeria-will-suspend-dividend-following-n12-6-billion-loss.1307/#.X00dvB0uU1U.facebook

Annual pretax loss of 17.07 billion naira ($45 million),its first huge loss in four years,

54% owned by UK-based drinks group Diageo

Guinness Nigeria’s sales in the 12 months through June fell to 104.37 billion naira, down 21% from the year before
pretax profit of 7.10 billion naira last year

The company cut its debt to 2.5 billion naira from 20.5 billion a year ago

Shares fell to a two-week low of 14.3 naira, valuing the company at 21.5 billion naira.

The stock has fallen 88% from its 2018 peak of 120.25 naira


BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
For where

GUINNESS reduced their DEBT from N20.5B last year down to N2.5B this year.

That means the WORST is over it's now a NEW DAWN.

http://nsmnews.com/threads/guinness-nigeria-will-suspend-dividend-following-n12-6-billion-loss.1307/#.X00dvB0uU1U.facebook

Annual pretax loss of 17.07 billion naira ($45 million),its first huge loss in four years,

54% owned by UK-based drinks group Diageo

Guinness Nigeria’s sales in the 12 months through June fell to 104.37 billion naira, down 21% from the year before
pretax profit of 7.10 billion naira last year

The company cut its debt to 2.5 billion naira from 20.5 billion a year ago

Shares fell to a two-week low of 14.3 naira, valuing the company at 21.5 billion naira.

The stock has fallen 88% from its 2018 peak of 120.25 naira


BARGAIN HUNTERS TAKE NOTE!

...good comparison analysis @PETERiCHY. Apart from their debt reduction (which is massive), nothing seems attractive about other data you brought up. The stock price might have reached the "bottom" if the tempo is sustained.

hazydon:
Morning sir!
The picture you posted, pls which website did you get it from?

Sorry for the delay

Here is the link
https://www.easykobo.com/CompareStocks

phemmie06:
The court order meeting and AGM holds on 10th of September

Thanks

PETERiCHY:
For where

GUINNESS reduced their DEBT from N20.5B last year down to N2.5B this year.

That means the WORST is over it's now a NEW DAWN.

http://nsmnews.com/threads/guinness-nigeria-will-suspend-dividend-following-n12-6-billion-loss.1307/#.X00dvB0uU1U.facebook

Annual pretax loss of 17.07 billion naira ($45 million),its first huge loss in four years,

54% owned by UK-based drinks group Diageo

Guinness Nigeria’s sales in the 12 months through June fell to 104.37 billion naira, down 21% from the year before
pretax profit of 7.10 billion naira last year

The company cut its debt to 2.5 billion naira from 20.5 billion a year ago

Shares fell to a two-week low of 14.3 naira, valuing the company at 21.5 billion naira.

The stock has fallen 88% from its 2018 peak of 120.25 naira


BARGAIN HUNTERS TAKE NOTE!

It is better to study the company annual report directly than making conclusion based on 3rd party analysis.
Guinness outstanding loans and borrowings is still more than N22b.

Letter to all bank on minimum interest rates on savings account.

longlife20:
Letter to all bank on minimum interest rates on savings account.

Saw this new CBN guideline ealier today.
...and having read it, the only thing I can deduce therein is;
This is a clear WIN for the BANKS and a few other select sectors(CONSUMER GOODS and INDUSTRIAL/MANUFACTURING coys) ...from an investing perspective, it should pay to hold on to ur banking coys plus those in the aforementioned sectors and where u can, seek to accumulate more as prices visit ur comfort zone.

Why? ...a brief:

On banks;

In recent times, there has been a surge in idle Naira placement in banks, no thanks to the current scarce alternative investment outlets. With yields down and even more funds now chasing it post the CBN' recent guide on OMO and the FI market space, most banks have had to keep up with so much cash.
Again, the recent corona-induced lockdown may have also contributed to the surge in deposit as funds idle out from the aftermath of lower economic activities, particularly imports.

At some point, it was even said that some 1st tier banks were rejecting some deposits.
In retrospect, the surge in idle naira from higher deposit pool has had to force banks to lend more in lieu of the apex banks guide on LDR. ...with the the recent CBN mandate to loan out 65k for every N1 of accrued deposit, it was clear that the more money the banks received, the greater the need to lend !!(balancing LDR in view)
A banker friend once told me that the recent spate of LDR guide has made them(banks) familiar with that part of the song "the more money we come accross, the more problems we see" by Notorious B.I.G

Hence the need for this move, to help ease the pressure on lending(loans) that comes with higher deposits while simultaneously allowing for the increased flow of funds in search of better interest-attached yield, to the real sector.

And the likely impact on banks? A possible contraction in interest expense from lower CoF, which should broadly abate the downside risk on interest income and keep NIM on track. Again, this move will also help keep NPL in check by easing the possible carrying risk of increased asset deterioration that could come with the push to spur lending, with higher deposit base.
Little wonder the banks did prefer to sterilize their funds with the CBN than give in to the pressure of issuing out unworthy loans.
In my view, increased lending to the real sector should be the result of a careful asset selection and proper risk management framework and not the pressure of a balancing-out effect on LDR while keeping up with an accelerating deposit pool.
So this move is a positive for the banks.
...particularly those whose present earnings power is largely loan-driven than investment-driven, but with a relatively healthy loan book.
Looking at the possible WINNERS, I love ZENITH, GTB, ACCESS, UBA, FCMB and FIDELITY !!

On consumer goods;
Well, u do not need a soothsayer to tell u that this is not the best of times to leave ur funds idling out in the bank. ...that has never been a good idea anyway(think of the mix of higher inflation and battered rates)
This move further diminishes ur savings power. ...at the moment, it looks like the cost of saving can now take a bite off ur purchasing power at a faster pace(3x) than before. Put differently, u just might be better-off spending that Naira note than stocking it up in the bank.
There are 2 options;
Its either u work with it by spending it or allow it work for u through investing !!
That part about spending will in time, help drive up consumption and support production. ...and as more companies benefit from this, the more their prospect for better margins from higher revenue generation and healthy cash flow.
On this, I continue to like underpriced coys like PZ, UACN and WAPCO.
This is in simple terms how the CBN hopes that this move drives the needed growth in the real sector.

That other part about getting ur funds to work for u is where it gets really interesting. It sums up the reason for the part in bold.
With the present dearth in alternative investment channels, greater chase for better yield(ie all tenures on T-bills are often largely oversubscribed even @ approx </=3% discount rate), and the CBN now forcing down the previous base on savings interest from near 4% to 1.25%(10% of MPR(12.5%)), getting ur money to work for u, would definitely mean looking to make a choice out of a scarce few. Unless of course u can afford to take a little more risk.
...and yes, u guessed right !! Most funds will have to redirect their chase towards high risk investment instruments. Most funds will find their way to the equities mkt, ceteris peribus !!

Bottom line: I'd say there can be no better time to play the equity mkt than now. Taking position on some select stocks is no doubt a worthy investment decision.
Banks, Consumer goods, Industrial/manufacturing sector.
...Just ensure to align with the HEALTHY but UNDERPRICED ones though !!

Disclaimer: This review and follow-up inference are in view of the guide as put out by the CBN.
It is however neither subjective nor conclusive. ...due diligence still applies.

What to do? ...Pls follow ur instinct.

Happy new month great people.
I wish us all great rewards as we continue to strive to make honest living by putting our resources to work in the NSE.

Please permit me to emphasise that there is absolutely no need derailing this thread with the subject of which market is better to invest in between the U.S. and NSE.

Every market has its purpose and serves the interest of investors who have the final decision on where to invest.

I have been a member and beneficiary of this thread and will continue to be, even as many others who are and who will in the coming future.

The comparison is needless in my opinion and everyone's decision as par where to invest should be respected as it is their hard earned money.

I have nothing but absolute respect for the brains behind the continuous success of this thread and encourage you not to be discouraged no matter the current economic situation.

Let's live as one, continue to build each other up in knowledge in the quest for wealth creation.

More greens to your portfolio my people.
May this September be one to remember indeed!

OBAGADAFFI:
Sorry for the delay

Here is the link
https://www.easykobo.com/CompareStocks

Thank you sir!

OakPearl:
Happy new month great people.
I wish us all great rewards as we continue to strive to make honest living by putting our resources to work in the NSE.

Please permit me to emphasise that there is absolutely no need derailing this thread with the subject of which market is better to invest in between the U.S. and NSE.

Every market has its purpose and serves the interest of investors who have the final decision on where to invest.

I have been a member and beneficiary of this thread and will continue to be, even as many others who are and who will in the coming future.

The comparison is needless in my opinion and everyone's decision as par where to invest should be respected as it is their hard earned money.

I have nothing but absolute respect for the brains behind the continuous success of this thread and encourage you not to be discouraged no matter the current economic situation.

Let's live as one, continue to build each other up in knowledge in the quest for wealth creation.

More greens to your portfolio my people.
May this September be one to remember indeed!

...well said @OakPearl. Absolutely, there is no comparison between NSE and US exchange market. What is ridiculous is someone coming on this thread to bad mouth NSE. We all know the challenges the Nigeria economy is going through, however, that does not mean it has turned into burial ground - many smart investors are still making monies here.

I do visit the US Stock pick thread & I commend the good works some of you are doing there. Keep it up!

What is happening to FtnCocoa?

zionaigbokhan:
What is happening to FtnCocoa?

Agric revolution they call it ..

Disclaimer: Everyman for himself

Livestock presently on fullbid....!!

Doing another 10% today??

onegentleguy:
Saw this new CBN guideline ealier today.
...and having read it, the only thing I can deduce therein is;
Hold on to ur banking coys and where u can, seek to Accumulate more as prices visit ur comfort zone.
This is a clear WIN for the BANKS and a few other select sectors(CONSUMER GOODS and INDUSTRIAL/MANUFACTURING coys)

Why? ...a brief:

On banks;

In recent times, there has been a surge in idle Naira placement in banks, no thanks to the current scarce alternative investment outlets. With yields down and even more funds now chasing it(post the CBN' recent guide on OMO and the FI market space), most banks have had to keep up with so much cash.
The recent corona-induced lockdown may have also contributed to the surge in deposit as funds idle out on the aftermath of lower economic activities, particularly imports.

At some point, it was even said that some 1st tier banks were rejecting some deposits.
In retrospect, the surge in idle naira from higher deposit pool has had to force banks to lend more in lieu of the apex banks guide on LDR. ...apparently, the more money the banks received, the greater the need to lend !!(balancing LDR in view)
A banker friend once told me that the recent spate of LDR guide has made them(banks) familiar with that part of the song "the more money we come accross, the more problems we see" by Notorious B.I.G

So this move should help ease that pressure on lending(loans) that comes with higher deposits while simultaneously allowing for the increased flow of funds in search of better interest-attached yield, to the real sector.

The result? A possible contraction in interest expense from lower CoF, which should broadly abate the downside risk on interest income and keep NIM on track. Again, this move will also help keep NPL in check by easing the possible carrying risk of increased asset deterioration that could come with a higher deposit base.
Little wonder the banks would prefer to sterilize their funds with the CBN than give in to the pressure of issuing out unworthy loans.
In my view, increased lending to the real sector should be the result of a careful asset selection and proper risk management framework and not the pressure of balancing-out effect in LDR while keeping up with an accelerating deposit pool.
So this move is a positive for the banks.
...particularly those whose present earnings power is largely loan-driven than investment-driven, but with a relatively healthy loan book.
Looking at the possible WINNERS, I love ZENITH, GTB, ACCESS, UBA, FCMB and FIDELITY !!

On consumer goods;
U do not need a soothsayer to tell u that this is not the best of times to leave ur funds idling out in the bank. ...well, that has never been a good idea anyway(think inflation)
This move further diminishes ur savings power. ...at the moment, it looks like the cost of saving could now 'tighten' ur purchasing power at a faster pace(3x) than before. Put differently, u just might be better-off spending that Naira note than stocking it up in the bank.
There are 2 options;
Work with it by spending it or allow it work for u through investing !!
That part about spending will help spur consumption and support production. ...and as more companies benefit from this, the more their prospect for better margins from better revenue generation and healthy cash flow.
On this, I continue to like underpriced coys like PZ, UACN and WAPCO.
This, in simple terms is how the CBN hopes that this move drives growth in the real sector.

That other part about getting ur funds to work for u, is where it gets really interesting. It sums up the reason for the part in bold.
With the present limited alternative investment instruments, greater chase for better yield(all tenures on T-bills largely oversubscribed even @ approx </=3% discount rate), and the CBN now forcing the previous base on savings interest from near 4% to 1.35%(10% of MPR), getting ur money to work for u, would definitely mean looking to make a choice out of a scarce few. Unless u can afford to take a little more risk.
...and yes, u guessed right !! Most funds will have to redirect their chase towards high risk investment channels. Most funds will find their way to the equities mkt, ceteris peribus !!

Bottom line: I'd say there can be no better time to play the equity mkt than now. Taking position on some select stocks is no doubt a worthy investment decision.
Banks, Consumer goods, Industrial/manufacturing sector.
...Just ensure to align with the HEALTHY but UNDERPRICED ones though !!

Disclaimer: This review and follow-up inference are in view of the guide as put out by the CBN.
It is however neither subjective nor conclusive. ...due diligence still applies.

What to do? ...Pls follow ur instinct.

Interesting perspective

megamart247:
All NSE market cap is not even up to 1% of APPLE market cap so I will you sell and leave this dead NSE market that has become a burial ground once and for all.

thank me later.

It seems maybe you are a rookie in this game

I may be wrong
But it is looking like it


As long as there is PRICE MOVEMENT in both directions
There is always money to be made

Even if the market na Vietnam

A market is only a burial ground if ALL THE COMPANIES FAIL AT THE SAME TIME and all go on a downward spiral AT ONCE
This is not the case for either the NSE or NYSE

So your burial ground assertion is inaccurate

DexterousOne:
It seems maybe you are a rookie in this game

I may be wrong
But it is looking like it


As long as there is PRICE MOVEMENT in both directions
There is always money to be made

Even if the market na Vietnam

A market is only a burial ground if ALL THE COMPANIES FAIL AT THE SAME TIME and all go on a downward spiral AT ONCE
This is not the case for either the NSE or NYSE

So your burial ground assertion is inaccurate

Please let's allow each to continue with their respective PoV but it's only those that seek help that will receive it.

zionaigbokhan:
What is happening to FtnCocoa?

No bid, no offer, no news so far..... looks like a suspension in the trading of Ftncocoa shares.

Extract from one of the bulletins dated March 2019:
"Management of Ftncocoa has been sourcing for funds to save the coy from total collapse. The coy is glad to notify its stakeholders that some level of progress is been recorded in respect of the expected funding and there is hope that the coy will soon come out of the financial problem. The coy will keep its investors and other stakeholders posted on future developments."

So where is the news/update?

Mcy56:
No bid, no offer, no news so far..... looks like a suspension in the trading of Ftncocoa shares.

Extract from one of the bulletins dated March 2019:
"Management of Ftncocoa has been sourcing for funds to save the coy from total collapse. The coy is glad to notify its stakeholders that some level of progress is been recorded in respect of the expected funding and there is hope that the coy will soon come out of the financial problem. The coy will keep its investors and other stakeholders posted on future developments."

So where is the news/update?

Thanks

Quite some levels of "weak green" in today's market........what should we call this now?

Mcy56:
Quite some levels of "weak green" in today's market........what should we call this now?

Sea Green���

zionaigbokhan:
Thanks

Let's wait and see what the suspension is all about. Maybe it has to do with the coy's failure to submit financial reports for some past quarters. The coy's status has remained "MRS" until today.
Ftncocoa shellholders, don't relax yet o, make Una keep praying.

Cc: Jamace

Mfunkynation:
Sea Green���

Lol.

Mcy56:
Lol.

please how is Fcmb doing with the green color today? I wanted plugging the plug on it.... what is your advice? Thanks

Mcy56:
Let's wait and see what the suspension is all about. Maybe it has to do with the coy's failure to submit financial reports for some past quarters. The coy's status has remained "MRS" until today.
Ftncocoa shellholders, don't relax yet o, make Una keep praying.

Cc: Jamace

Are you sure FTNCocoa is not being witch-haunted? How come it is happening now that FTNCocoa is shining? I fear economic politics o.

Mfunkynation:
please how is Fcmb doing with the green color today?
I wanted plugging the plug on it.... what is your advice? Thanks

FCMB's MM seems determined to keep the stock price going.....considering the type of bids at N2 region....... but why not key-in before it gets to N2?
Don't you think jumping in now is more of a risk?
I can remember that the same FCMB was highly emphasized here when it was around 1.50/1.55.
Anyway, one thing is that Mr. Market has a mind of its own......but I'll say, wait for some pullback cos it seems it's the MM that keeps pushing the price now. My ogas may have different opinion.
Maybe you should keep eye on Fidelity movement instead.......