nna777:


It's today I really noticed . I will set my trap below 11 so that when him vex offload that offer, I will partake of the overflow

You too like cheap flights Sir.....

ukay2:


Once you know what you bought.....forget the daily movements

The heards will soon start to rush us.....

nna777:


It's today I really noticed . I will set my trap below 11 so that when him vex offload that offer, I will partake of the overflow

Something tells me the 10million offer is a fake offer meant to keep the price down while the suspected buyer continues to enjoy a relatively low price.

Q3 holds a lot of promise for this company and they are trying to get in before the results.

Mpeace:

Something tells me the 10million offer is a fake offer meant to keep the price down while the suspected buyer continues to enjoy a relatively low price.

Q3 holds a lot of promise for this company and they are trying to get in before the results.

Am buying more with him....

I actually do not have farm I want to partner with company seeking for who patnership, I want to know if it is safe to partner with them. I saw their advert on TV




It depends on the type of investment. Do you want to crop and harvest yourself/in partnership with others or do you want to give to e-farmers that are on the prowl all over social media?[/quote]

ukay2:


You too like cheap flights Sir.....

My Brother I like discount flights. It's the nature of our economy and exchange. A coy that is meant to be trading above #20 is still hustling to stay above #12.

Anyone noticed you cant amend Order in Morgan Capital Itrade ?

ositadima1:


Pardon my ignorance, but I don't really get what d fuzz is about. The major banking stocks have delivered similar growth patterns historically. If you overlay their charts you did see that they follow similar trajectories.

My point is, I would have made about same return whether I choose zenith, gtb, access or UBA. The only problem here is proper entry and exit point. I chose Zenith because of its higher dividend, GTB also good. Anyway, I be newbie sha.

So, I overlay-ed the top banks to see whether it made real sense ( Vs imaginary sense ) fussing over which one to pick.

Here is d legend:
Blue ==> UBA
Black ==> GTB
Violet ==> Zenith
Green ==> Access
Yellow ==> FBNH

Case study
If I bought all these bank stocks on 11-1-2016 at bottom, and sold on 23-1-2018 at the peak, my profits would stand as follows:

Blue ==> UBA==>386%
Black ==> GTB==>316%
Violet ==> Zenith==>264%
Green ==> Access==>317%
Yellow ==> FBNH==>326%

It appears they follow similar patterns, though Zenith seems to tag along. It is possible that Zenith's superior dividend payout was priced in?

Note: Also, the chart may look dis-proportioned but u need to realize that 2 * 2 = 4(case 1) while 12 * 2 = 24(case 2). In the first case u need to move a little to double ur position as opposed to the second case where u have to move longer distance to obtain same double.

GudluckIBB:
Anyone noticed you cant amend Order in Morgan Capital Itrade ?

Not only not being able to amend but not even being able to send a fresh buy order except by luck.
When you send a buy order their system now subtracts it from your account balance which is displayed in negative and displays that your balance is insufficient. This started just yesterday and it has continued till this moment. So frustrating.

Deadlytruth:

Not only not being able to amend but not even being able to send a fresh buy order except by luck.
When you send a buy order their system now subtracts it from your account balance which is displayed in negative and displays that your balance is insufficient. This started just yesterday and it has continued till this moment. So frustrating.

Very Frustrating
i hope thy resolve it soon

onegentleguy:





This is why I've always respected u.
U are one of those mature enough to engage constructively, and I like that.

Now to the crux of the matter;
I once wrote an article( https://www.booksie.com/604507-p2p-analysis-weighing-in-on-the-value-accretion-between-access-bank-uba) on these 2 banks drawing an inference post the comparison of which is better.
At the time, ACCESS despite their huge cost line and associated risk from asset detoriaration still managed to deliver more NPM than UBA.
Before I continue, permit me to correct an impression u might be having, considering that part of ur post in bold.
Banks derive earnings from either their CORE or NON-CORE banking line. ...so in retrospect, a bank must either be broadly INVESTMENT DRIVEN or LOAN DRIVEN or seek to strike a PROPER BALANCE in both lines. Where it is more investment driven, u'd expect the non-core banking line/channels to contribute the bulk of net margin, and where it is more loan driven, u'd expect the core banking line to do so.
For emphasis, the extent or degree of weighting a bank decides to attach to either of the 2 lines WILL ALWAYS depend on which way the economic indicators play out within a specified period.
To put things in context, at the height of activities and boom in the fixed income space btw 2016-2018, the banks(including uba) diverted funds therein and as expected, made far more from their non-core banking lines compared to their core lines.
The goal, at any given time is to grow, so NONE of these lines is as in important as delivering a positive in NET MARGIN/INCOME or at the very least, maintaining previous growth track. This is especially true of the Nigerian terrain where unfortunately, the real sector is given little or no consideration... no thanks to the many structural deficiencies in the system. The banks are there to grow and make money for their stakeholders. ...how it is made, is of very little importance here.
Hence, EFFICIENCY in this case is broadly defined by that part in italics and NOT whether ur growth margin had come from the core or non-core banking line.
By implication, of what use is UBA' higher growth in NIM if NPM went down?
We already know they had it good in that line(core banking). I mentioned it here then(see 1st post above)
But after that what happened? NIM is just one part of a banks profitability line. What does the other KEY indicators like NPM, EM, ROE, ROA, AER(asset efficiency ratio), CGPR, EFIR(external financing index ratio), PEG ratio and ETERPRISE VALUE say?

At the time I wrote that article above, this was also one of the issue that UBA had.(delivering higher NIM without a corresponding improvement in NPM). Fast forward to YE, 2019 and Q1, 2020, and they did improve on it. The bank had the best loan book portfolio ahead of even GTB and ZENITH and was well weighted in its investment income streams.(I remember mentioning it over a pchat with u then) And after that? ...well, the parts in bold from 2nd post above happened.

Historically,(look at the past 10 yr financial prints), UBA has often had this off and on growth. The bank, given its pedigree and African spread, ought to have moved past this stage.
That bank is supposed to be way bigger than ACCESS and near the class of GTB and ZENITH by now.
2 things; its either the management haven't managed to set up an entity that can maintain the needed growth trajectory.(inflow to outflow/expense line in view) or there are some persons playing occasional pranks.

With all the net positive at the income front, the bank still couldn't maintain its last growth track. Look at the statement of CF and u'll understand what played out bro.
Some of the items I've noticed in UBA recently, are a bit similar to the ones that played out with the gross mismanagement of funds in FBNH under the former GMD.


In all, there is no doubting the fact that ACCESS is better than UBA for now !! All key profitability, efficiency and growth indicators points to this.
And the statement of CF and BS lends even more credence to it.

I'll see if I can erk out the time to do an article on this later.

Cheers bro !!

Bro abeg bring this analysis to help us analyze Apple Tesla and the likes abeg.

GudluckIBB:
Anyone noticed you cant amend Order in Morgan Capital Itrade ?

I amended my order this morning

ositadima1:


So, I overlay-ed the top banks to see whether it made real sense ( Vs imaginary sense ) fussing over which one to pick.

Here is d legend:
Blue ==> UBA
Black ==> GTB
Violet ==> Zenith
Green ==> Access
Yellow ==> FBNH

Case study
If I bought all these bank stocks on 11-1-2016 at bottom, and sold on 23-1-2018 at the peak, my profits would stand as follows:

Blue ==> UBA==>386%
Black ==> GTB==>316%
Violet ==> Zenith==>264%
Green ==> Access==>317%
Yellow ==> FBNH==>326%

It appears they follow similar patterns, though Zenith seems to tag along. It is possible that Zenith's superior dividend payout was priced in?

Note: Also, the chart may look dis-proportioned but u need to realize that 2 * 2 = 4(case 1) while 12 * 2 = 24(case 2). In the first case u need to move a little to double ur position as opposed to the second case where u have to move longer distance to obtain same double.

Here is another chart that mitigates the visual problem I emphasized above, in this chart i used percentages as Y-scale so that we can easily compare price movements visualy.

Now, I can rank them according to profitability ;

1. UBA
2. GTB
3. Zenith
4. Access
5. FBNH

Dear Esteemed Shareholder,

Kindly be informed that AIICO Insurance PLC is taking another giant leap forward in its recapitalization journey with the launch of its ₦3.5bn rights issue, which opened on Wednesday, September 2, 2020 and will run through to Wednesday, October 7, 2020.

As part of the rights issue, 4,357,770,954 ordinary shares of Fifty Kobo (₦0.50) each at Eighty Kobo (₦0.80) per share, are being offered on the basis of five (5) new ordinary shares for every thirteen (13) ordinary shares held as at the close of business on Monday, June 15, 2020. The Company’s shareholders can increase their stakes and reposition themselves in a Company with excellent prospects.

Zenith

Mpeace:
I amended my order this morning

was it before the market opened?

GudluckIBB:
Anyone noticed you cant amend Order in Morgan Capital Itrade ?

That's the behaviour on meristem as well, you will need to cancel the order and create new one. I think it makes sense.

Edit: looks like amend is allowed with Morgan, that's quite risky what if due to network issues amend does not get delivered via the NSE API fast enough and a buy for initial order was done.

ojeysky:


That's the behaviour on meristem as well, you will need to cancel the order and create new one. I think it makes sense

After cancelling, the system holds your money such that you can use it to buy something else

GudluckIBB:


was it before the market opened?

After market opened. I sold fbnh and used the proceeds to bid for wapco but failed to adjust the bid price. So I had to go back to raise the bid.

Meanwhile, that 10milliin offer is back again.

Mpeace:
Meanwhile, that 10milliin offer is back again.

plus 8million

Mpeace:
After market opened. I sold fbnh and used the proceeds to bid for wapco but failed to adjust the bid price. So I had to go back to raise the bid.

At the Moment, you cant adjust at all

onegentleguy:
The share price of KODAK(NYSE: KODK) rose by as much as 2,189% in just 2 trading days(Tuesday and Wednesday) following a surge in price since the week began.(over 2440% rise)

And yes, it actually did happen !! ...as the stock rose from a band of $7 to $58 at some point.

Why?
There was a news that the coy was awarded a $765 million act loan to produce generic drug ingredients for the fight against Covid-19. ...including hydroxychloroquine.(a drug substance touted as a plausible panacea to the virus)
...just that !!

So I took a close look at the company's financials to see if indeed the run was worth it.
Analysis;

• In the 1st 3 months of 2020, the coy reported an over $110M loss in NET INCOME with revenue dropping by above 1,000bps.
• Elsewhere, several key revenue and earnings lines were pressured downwards with some printing in the negative. ...EM/EPS, ROAE, ROAA, RoIC, AER and CGPR in view.
Infact the last 2 lines showed clear signs of a likely distressed asset.
• The coys cost line consistently grew faster than earnings margin QoQ over the last 7 quarters.
• The company is embroiled in huge debt, a large chunk of which will be due for repayment by Q3/Q4 2021. ...with BS also riddled with a relatively high level of funding mismatches.
• With a negative OCF, the coys CBR(cash burn rate) currently stands @ over $8M per month.
...the interpretation of this is that the company could become bankrupt if that burn runs for another 21 months.(bite on cash reserve in view) The coys ALTMAN-Z SCORE also lends a strong credence to this.

...and so for a company with a history of below par operational performance, poor management and cooperate governance framework, one wonders if such a surge in price was justified and if the company is indeed the best fit for such an award.
Quite frankly, there should've been a better choice than KODAK !!

Essence of this post?
Most assets in the US are not just overpriced but have gotten to a point where the combination of asset pricing and the quest for value has been completely replaced by RISK.(negative RR/reward in view)

Inference:
Unless u are a perfect trader with absolute control of their emotion(fear-greed factor in view), it'll be best to stay off most US-exchange coys.
Even then, u still need to thread very carefully, because no one is perfect.
"When it rains, it'll most likely pour."
For the most part, its now a speculators market.
Remember;
"The danger with SPECULATING in the stock market is that it is an adversary to any clear Investing STRATEGY.
...often times, 'it is neither here nor there'
With 90% of the act, it is just like attempting to invent an idea that is already obsolete."
~Sinclair

"When a company within the stock market wants to quickly dispose of a 'building without a foundation', it auctions it to a SPECULATOR.
An INVESTOR stays far away... a TRADER watches on... but it is the SPECULATOR who eventually buys the auction."
~Sinclair

...CAUTION !!

ebuka1997:


Bro abeg bring this analysis to help us analyze Apple Tesla and the likes abeg.

Telsa ke?
My dear it would've been better to exit that coy before the recent share split exercise.
It was advised here but as u know, advise when most needed is least headed.
The price has been plummeting since then. ...and with GM announcing that its gonna take up a $2B stake in Telsa' direct rival company, NIKOLA, it may likely get worse before it gets better.
It will not only rain but pour for the bagholers of Telsa. ...even Elon musk will feel the heat.

The problem is that people don't listen.
How can u be accumulating a coy whose price have already gone up by over 600% pre split when there's no feasible risk cushion.(zero dividend)
A stock with a PE of 848 !! ...the interpretation of this is that Telsa holders may probably have to wait "till thy kingdom come" to recover their invested capital ceteris peribus.
That coy is a perfect example of how investors can exacerbate the potential value in a company by exaggerating its future cash flow accrual and earnings capacity. ...and when that happens, it usually doesn't end well.

It's not just about Telsa though. Most coys at the intl front are way overvalued. ...no thanks to the free cash windfall that hit that space and created a disconnect btw the true drive for value and the economic realities on ground.
Those who bought at the peak will feel the most pain.
People were advised to sell off here.

I remember when I put out the post above. ...someone replied to it and claimed there was no issue. According to him, the US market is a very efficient one so no need to fret or have fear of a possible setback.
...well, the rest is history.

For those still in that mkt now, I wish u well !!
Selah

onegentleguy:



Telsa ke?
My dear it would've been better to exit that coy before the recent share split exercise.
It was advised here but as u know, advise when most needed is least headed.
The price has been plummeting since then. ...and with GM announcing that its gonna take up a $2B stake in Telsa' direct rival company, NIKOLA, it may likely get worse before it gets better.
It will not only rain but pour for the bagholers of Telsa. ...even Elon musk will feel the heat.

The problem is that people don't listen.
How can u be accumulating a coy whose price have already gone up by over 600% pre split when there's no feasible risk cushion.(zero dividend)
A stock with a PE of 848 !! ...the interpretation of this is that Telsa holders may probably have to wait "till thy kingdom come" to recover their invested capital ceteris peribus.
That coy is a perfect example of how investors can exacerbate the potential value in a coy by exaggerating its future cash flow accrual and earnings capacity. ...and when that happens, it usually doesn't end well.

It's not just about Telsa though. Most coys at the intl front are way overvalued. ...no thanks to the free cash windbag that hit that space and created a disconnect btw the true drive for value and economic realities on ground.
Those who bought at the peak will feel the most pain.
People were advised to sell off here.

I remember when I put out the post above. ...someone replied to it and claimed there was no issue. According to him, the US market is a very efficient one so no need to fret or have fear of a possible setback.
...well, the rest is history.

For those still in that mkt now, I wish u well !!
Selah

Thanks for this, I was more interested in Apple for a long term hold anyway as they’re proven. Gracias.

I'm planning to buy shares. Please which company is best at this time?

World stock fell, NSE fell . World stock rose, NSE refused to rise. Now world stock is falling again and yeye NSE want to join them.
BuBuNaija the economics of destruction

ojeysky:
Is UBA not paying interim as well?

I only answered the ones they asked.
UBA is paying 17kobo.
Qualification date: Tue Sept 15, 2020
Payment date: Wed Sept 23, 2020

Penboy:


Access at 5.5?

You go wait tired o boss

oga, it has done it before and it can still happen again with crude doing us shege.

@penboy, please bookmark this page

Mcy56:

I only answered the ones they asked.
UBA is paying 17kobo.
Qualification date: Tue Sept 15, 2020
Payment date: Wed Sept 23, 2020

Kai uba fumble o....no wonder people are buying access....they no try at all. It's going to be a red for them today fa. Thanks jare

Mpeace:
Meanwhile, that 10milliin offer is back again.

Also saw the offer yesterday. Very scary!
When I minus the 10M yesterday from total offers, it was left with just 3M.
It's there today as well with another 8M alongside, making 18M offers at bottom of the table.
Hope those guys won't send Wapco to sub 11 before they'll be satisfied.

ojeysky:
Kai uba fumble o....no wonder people are buying access....they no try at all. It's going to be a red for them today fa. Thanks jare

UBA still try in my opinion.
What will you say about Zenith that tried but the price is still crashing? Funny stock.

Mpeace:
World stock fell, NSE fell . World stock rose, NSE refused to rise. Now world stock is falling and yeye NSE want to join them.
BuBuNaija the economics of destruction

NSE na special case lmao

Our thing must always be abnormal

RosyIsBlessed:
I'm planning to buy shares. Please which company is best at this time?

Maybe you should hold your money for now.
Market is not smiling today suddenly.
Keep monitoring the movement.
This is just my opinion.