emmanuelewumi:



Pray they will follow their Church mind

Let's hope

longlife20:


For every 7 shares, you get extract 17shares making a total of 24shares.
The total authorised shares was N5.25billion ( 10.5billion shares before) and
the newly created shares is 25.5billion. if you add the new created and the existing shares it will give you 36billion. ( The authorised share capital of the Company be and is hereby increased from N5,250,000,000 to N18,000,000 (36billion shares), by the creation of additional 25.5billion ordinary shares of N0.50K each.)
After reconstruction, it will (36billion/4)=9billion against the previous 10,5billion shares.
But the nominal value of previous share was 50k that is NGN5.25billion after reconstructiin the nominal value will be NGN2 that is (2*9billion) which will be NGN18billion.
Assuming you bought 7shares now and you get extract 17 shares making a total of 24shares which normally will be at nominal value of 50K, so that will NGN12 after reconstruction the 24shares/4 will turn 6shares but the nominal vaue will now NGN2, which will give you the same value 6*2=NGN12.

That's with the assumption that the value don't dip below N2.

From experience market can adjust the price to N1.

Share Reconstruction don't always favour shareholders.

OBAGADAFFI:


That's with the assumption that the value don't dip below N2.

From experience market can adjust the price to N1.

Share Reconstruction don't always favour shareholders.

My main worry with them is that they either pay paltry dividend or don't even pay at all most year end and they have almost 12.7bn in reserve according to that document released. I may enter again Sha if price become favorable

OBAGADAFFI:


That's with the assumption that the value don't dip below N2.

From experience market can adjust the price to N1.

Share Reconstruction don't always favour shareholders.

yes that i know

Mcy56:

Thanks for this breakdown.
Like earlier mentioned, after-reconstruction price is the issue....
Are you saying the price will be N12?
Remember your 7 shares are the ones that later translate to 6 after reconstruction.

I also think the after-reconstruction price can't be N2......considering Sunu's after reconstruction price (from 20k to N1) .......but I don't think it can be N12 either, maybe N8 or thereabouts.
The issue is, that price will be beating down much lower again........this is the way I see it, I may be wrong.

Let's say 7 units of Mansard at current price is : 7 X N2.34 = N16.38

After reconstruction: 6 X N8 = N48. (Not sure of the price though)

I think it's profitable but then, we are not sure of the price and if you will be able to sell at that price cos insurance generally have low patronage.

Are you saying the price will be N12? no, i only use the nominal value of the share to arrived at that price. Market will always determine the price of a share. The only good thing about the reconstruction is that the share is now fewer than what it use to be which will have a positive impact on the EPS with16.66%.
if Q3 Eps is 50kobo, after reconstruction it will 58kobo.

Mcy56:

I think 13 is okay for Unilever.
The loss position seems to have been priced in already, more reason the share price wasn't seen on a free fall after Q3 was out coupled with the general positive momentum in the market.
Their Q3 wasn't fantastic either, though I didn't read their reasons for the huge admin and promo expenses BUT considering the sector Unilever belongs to, (Consumer Product), planned opening of border, foreign participation and the positive sentiments the stock enjoys, I think 12-13 has formed support and current price seems ok for it............except there's general downturn in the market.
-- Just be ready to be patient....... Remember this is strictly my opinion.

As for other sound stocks, there are quite a lot on the exchange and they've been mentioned here times without number.......The F. U. G. A. Z are among.
What you should be concerned about is your entry price also. If you have deep pocket and ready to average down, then you can be picking in tranches. Year end is approaching and no one can accurately predict/time the market. Do your Due Diligence too.
Try and read some pages of this thread back to see others. Also find time to read more pages cos you needed basic knowledge at least.

Thank you very much, I will read more definitely on this trend.

meine:
The much anticipated amugbo , Ragamuffin BULL has entered the market and everyone is claiming to be professional stock picker.

I also see some monikers accumulating Covid infected stocks like no tommorrow. As it was in 2008 so it might be in 2020. Apply caution and don't abandon your investment principles, very soon water may find its level again.

If the BULL don mad, if the bull don Kolo? Must you follow am Kolo? Don't get lost in the euphoria.

Feel free to Add yours. Newbies should know that overvalued and unhealthy stocks also move with the Bull.

On November 11th I posted the above and few days after that post the market went down. MCY56 came out to reprimand me for advising people to trade with caution,even though I never mentioned her in my post. But I ignored.

When the market is on a bullish run all of us can claim to be experts but it's always sure that at some point water will find its level.

Nothing beats what I call Commonsense investing by using the EPS ,the Dividend yield and stock Liquidity as your basic insurance against an unexpected downturn in the market contrary to what some have been saying here. When you start valuing Nigerian stocks using standards that are beyond these Commonsense metrics you are already playing Russian roulette. This is not NYSE, this is Nigeria home of possibilities and shocks.

For those who bought high during the bull convert those investment to long term assets, it's a cycle the market will go up at some point. If you bought dividend paying stocks that's better.

Fidelity Bank, Stanbic IBTC Directors, Others Barred from Trading Shares
https://businesspost.ng/economy/fidelity-bank-stanbic-ibtc-directors-others-barred-from-trading-shares/

Share Price of UPDC REIT Gains 32.53% in One Week
https://businesspost.ng/economy/share-price-of-updc-reit-gains-32-53-in-one-week/

Ellah Lakes Gets Land in Ondo to Cultivate Cassava, Oil Palm
https://businesspost.ng/economy/ellah-lakes-gets-land-in-ondo-to-cultivate-cassava-oil-palm/

Investors Resume Trading FTN Cocoa Stocks After Suspension
https://businesspost.ng/economy/investors-resume-trading-ftn-cocoa-stocks-after-suspension/

NSE to Migrate 4 Firms to Growth Board
https://businesspost.ng/economy/nse-to-migrate-4-firms-to-growth-board/

NAICOM Issues Licenses to Stanbic IBTC Insurance, 4 Others
https://businesspost.ng/economy/naicom-issues-licenses-to-stanbic-ibtc-insurance-4-others/

FRSC Makes NIN Mandatory for Vehicle Registration
https://businesspost.ng/auto/frsc-makes-nin-mandatory-for-vehicle-registration/

Your post came to mind when the market started crashing, haven been in the market for over 12 years, I knew you were making sense. Well,
I bought stuff that I can confidently leave for a long time or for dividend yeild. My question now is, do you see further price reduction in the NSE?

meine:
On November 11th I posted the above and few days after that post the market went down. MCY56 came out to reprimand me for advising people to trade with caution,even though I never mentioned her in my post. But I ignored.

When the market is on a bullish run all of us can claim to be experts but it's always sure that at some point water will find its level.

Nothing beats what I call Commonsense investing by using the EPS ,the Dividend yield and stock Liquidity as your basic insurance against an unexpected downturn in the market contrary to what some have been saying here. When you start valuing Nigerian stocks using standards that are beyond these Commonsense metrics you are already playing Russian roulette. This is not NYSE, this is Nigeria home of possibilities and shocks.

For those who bought high during the bull convert those investment to long term assets, it's a cycle the market will go up at some point. If you bought dividend paying stocks that's better.

Excellent man

fidtopade:
Your post came to mind when the market started crashing, haven been in the market for over 12 years, I knew you were making sense. Well,
I bought stuff that I can confidently leave for a long time or for dividend yeild. My question now is, do you see further price reduction in the NSE?

modgba:
Fidelity Bank, Stanbic IBTC Directors, Others Barred from Trading Shares
https://businesspost.ng/economy/fidelity-bank-stanbic-ibtc-directors-others-barred-from-trading-shares/

Share Price of UPDC REIT Gains 32.53% in One Week
https://businesspost.ng/economy/share-price-of-updc-reit-gains-32-53-in-one-week/

Ellah Lakes Gets Land in Ondo to Cultivate Cassava, Oil Palm
https://businesspost.ng/economy/ellah-lakes-gets-land-in-ondo-to-cultivate-cassava-oil-palm/

Investors Resume Trading FTN Cocoa Stocks After Suspension
https://businesspost.ng/economy/investors-resume-trading-ftn-cocoa-stocks-after-suspension/

NSE to Migrate 4 Firms to Growth Board
https://businesspost.ng/economy/nse-to-migrate-4-firms-to-growth-board/

NAICOM Issues Licenses to Stanbic IBTC Insurance, 4 Others
https://businesspost.ng/economy/naicom-issues-licenses-to-stanbic-ibtc-insurance-4-others/

FRSC Makes NIN Mandatory for Vehicle Registration
https://businesspost.ng/auto/frsc-makes-nin-mandatory-for-vehicle-registration/

That FTN they for just mention my name jare

fidtopade:
Your post came to mind when the market started crashing, haven been in the market for over 12 years, I knew you were making sense. Well,
I bought stuff that I can confidently leave for a long time or for dividend yeild. My question now is, do you see further price reduction in the NSE?

I always pay attention to preexisting economic environment to have an idea of the direction of the market. Though movement in individual stocks can always happen whether during the Bull or Bear season.

Positive Factors in the Market
1. Low interest rate in fixed income securities: this should have kept the market on a longer bullish run but it seems this factor has already been priced in.
2. Rise in the price of Crude Oil: The rise has been marginal with no immediate positive impact on the local economy.

Negative Factors in the Market
1. Consistent Devaluation of the Naira and the FPI: When you keep devaluing your currency foreign investors will prefer to wait till normalcy is restored.

Feel free to add yours. Based on these few points there is more probability of the market staying stagnant or declining, than having a meteoric rise in the next few weeks.

meine:
I always pay attention to preexisting economic environment to have an idea of the direction of the market. Though movement in individual stocks can always happen whether during the Bull or Bear season.

Positive Factors in the Market
1. Low interest rate in fixed income securities: this should have kept the market on a longer bullish run but it seems this factor has already been priced in.
2. Rise in the price of Crude Oil: The rise has been marginal with no immediate positive impact on the local economy.

Negative Factors in the Market
1. Consistent Devaluation of the Naira and the FPI: When you keep devaluing your currency foreign investors will prefer to wait till normalcy is restored.

Feel free to add yours. Based on these few points there is more probability of the market staying stagnant or declining, than having a meteoric rise in the next few weeks.

In Engineering, we would say that the entropy (measure of disorder in a system) is tending to maximum

Market waiting for the outcome of opec+ meeting today and tomorrow.

It's well

locodemy:
Market waiting for the outcome of opec+ meeting today and tomorrow.

It's well

to what effect? when pipelines are being blown up

$1 today is N510 in black market. By the time original or fake Buhari leaves office, my projection is N650-N700 for 1 $$$$. This is not about wishing the country bad but that’s the reality on ground. Prepare yourself for what’s ahead...

Foreign investors can’t invest in an environment where there’s flip flopping economic policy and double standard exchange rate. Goodluck to all

locodemy:
Market waiting for the outcome of opec+ meeting today and tomorrow.

It's well

Oil facilities owned by Shell/Agip were attacked on Wednesday by unidentified people in a sign that militant activities may have resumed again in the oil-rich Niger Delta region of Nigeria.

Several explosions were heard in the facilities located at the Ikarama community in Yenagoa Bayelsa forcing Shell to shut down the facility. Nigeria faces a precarious economic crunch that cannot afford to be worsened by militant on oil facilities.

According to media reports tracked by Nairametrics, a spokesperson from Shell, Michael Adande, confirmed the explosions admitting that the facility was shut down to minimize the impact.

https://nairametrics.com/2020/11/26/shell-agip-oil-fields-explosion-how-the-community-battles-air-pollution/


LOCO you are no longer in touch with REALITY
better go and beg your VILLAGE PEOPLE

meine:
On November 11th I posted the above and few days after that post the market went down. MCY56 came out to reprimand me for advising people to trade with caution,even though I never mentioned her in my post. But I ignored.

When the market is on a bullish run all of us can claim to be experts but it's always sure that at some point water will find its level.

Nothing beats what I call Commonsense investing by using the EPS ,the Dividend yield and stock Liquidity as your basic insurance against an unexpected downturn in the market contrary to what some have been saying here. When you start valuing Nigerian stocks using standards that are beyond these Commonsense metrics you are already playing Russian roulette. This is not NYSE, this is Nigeria home of possibilities and shocks.

For those who bought high during the bull convert those investment to long term assets, it's a cycle the market will go up at some point. If you bought dividend paying stocks that's better.

You are so right Sir. From the moment I started relying on these factors you mentioned I have always made profits from NSE. Thanks for putting it so succinctly. I need only add that one should also know that the market is cyclical so there is need to enter low, even if you have to wait months before buying.

Godisfaithful:
$1 today is N510 in black market. By the time original or fake Buhari leaves office, my projection is N650-N700 for 1 $$$$. This is not about wishing the country bad but that’s the reality on ground. Prepare yourself for what’s ahead...

Foreign investors can’t invest in an environment where there’s flip flopping economic policy and double standard exchange rate. Goodluck to all

Some will tell you they don't spend US dollar in Nigeriia. It's all about getting CASHFLOW blablabla....whereas their NAIRA PURCHASING POWER is now nothing to write home about

PETERiCHY:


Some will tell you they don't spend US dollar in Nigeriia. It's all getting CASHFLOW blablabla....whereas their NAIRA PURCHASING POWER is now nothing to write home about

It is a very saddened situations at the moment. Naira is rapidly losing its value and inflation is skyrocketing like never before. My heart just goes out to people whose salaries were stagnant and the less privileged citizens. They are the most victims of this situations...May God help

PETERiCHY:



Oil facilities owned by Shell/Agip were attacked on Wednesday by unidentified people in a sign that militant activities may have resumed again in the oil-rich Niger Delta region of Nigeria.

Several explosions were heard in the facilities located at the Ikarama community in Yenagoa Bayelsa forcing Shell to shut down the facility. Nigeria faces a precarious economic crunch that cannot afford to be worsened by militant on oil facilities.

According to media reports tracked by Nairametrics, a spokesperson from Shell, Michael Adande, confirmed the explosions admitting that the facility was shut down to minimize the impact.

https://nairametrics.com/2020/11/26/shell-agip-oil-fields-explosion-how-the-community-battles-air-pollution/


LOCO you are no longer in touch with REALITY
better go and beg your VILLAGE PEOPLE

Peterichy,the resultant effects of all these factors you people are mentioning up and down is inflation.

One of the ways to beat inflation is investing in stocks.With the current interest rates,everyone will be forced to invest their money in stocks.

Will you carry the money at hand and spend it on high prices of commodities?

By now,we should have seen oso Abiola 10 10% fall everyday but it doesnt.The market still have good strength.
The bad news up and down is only hitting it but minor injury.

Neutral is all I can see as the worst.

Using the closing price of N2.34 on Friday. The current o/s of Axa mansard is 10,500,000,000. A bonus of 17 for 7 will create new shares of 25,500,000,000 making the total shares to be 36b. A reduction of shares of 4 for 1 will reduce it to 9b. The nominal value of the shares will now be N2 instead of the common 50kobo that is prevalent in the market. There are other stocks whose nominal value is not 50k, i.e MTN.

The market value of the stock at 10.5b will be = 10.5 x 2.34 = N24.57b, the market value of the stock at 36b will equally be N24.57b and when it is reduced to 9b it must also be N24.57b. At 36b, the market price will be 0.6825 and at 9b, it will be N2.73.

longlife20:


Are you saying the price will be N12? no, i only use the nominal value of the share to arrived at that price. Market will always determine the price of a share. The only good thing about the reconstruction is that the share is now fewer than what it use to be which will have a positive impact on the EPS with16.66%.
if Q3 Eps is 50kobo, after reconstruction it will 58kobo.

locodemy:


Peterichy,the resultant effects of all these factors you people are mentioning up and down is inflation.

One of the ways to beat inflation is investing in stocks.With the current interest rates,everyone will be forced to invest their money in stocks.

Will you carry the money at hand and spend it on high prices of commodities?

By now,we should have seen oso Abiola 10 10% fall everyday but it doesnt.The market still have good strength.
The bad news up and down is only hitting it but minor injury.

Neutral is all I can see as the worst.

I agree with you...
I am hopeful of Xmas rally....
Dec is historically bullish...
Next year ..
We move to Jijo officially...

Willie2015:


I agree with you...
I am hopeful of Xmas rally....
Dec is historically bullish...
Next year ..
We move to Jijo officially...

If the inflation is in single digit and economy is mesmerized in this way,I for don dump all my Kaya since run.

Expect a bullish run anytime this week or next

locodemy:


If the inflation is in single digit and economy is mesmerized in this way,I for don dump all my Kaya since run.

Expect a bullish run anytime this week or next

I am expectin it next week...
Bt if it comes dis week...
We go sell am ....
All na inside Dec

Willie2015:


I am expectin it next week...
Bt if it comes dis week...
We go sell am ....
All na inside Dec

And If it doesn't,Jijo is there to support us for Xmas expenses.

For 10 10% fall in this Xmas time,na lie.
The chart has changed.

I am on bid for FBN 7.25 since opening still partially filled

Time frame 10 years

sellydion:
I am on bid for FBN 7.25 since opening still partially filled

Time frame 10 years

You can only be sure of now not tomorrow.
Fbn may or may not be in existence.
Your timeframe is too long in this volatile market.

Make it only one season and subject to review after the season if at all you wanna go long term

Best advice bro

Strategy: When it goes up - Fine

When it goes down - wait N7-6

When it goes very down - buy more N5-3 ,,,,,,,,,,,,,,

Time frame is not cast in stone, I can exit as long as I am in profit.

If in loss position, collect dividend.

Thanks @Loco

locodemy:



You can only be sure of now not tomorrow.
Fbn may or may not be in existence.
Your timeframe is too long in this volatile market.

Make it only one season and subject to review after the season if at all you wanna go long term

Best advice bro

sellydion:
Strategy: When it goes up - Fine

When it goes down - wait

When it goes very down - buy more

Time frame is not cast in stone, I can exit as long as I am in profit.

If in loss position, collect dividend.

Thanks @Loco

And when the bank goes bankrupt,you carry Kaya on head.

Na lie o.
Weldone bro.
Just that tomorrow is very pregnant in this stock biz

Notting is impossible, with all other shellholders then

locodemy:


And when the bank goes bankrupt,you carry Kaya on head.

Na lie o.
Weldone bro.
Just that tomorrow is very pregnant in this stock biz