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Nigerian Stock Exchange Market Pick Alerts - Investment (6270) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by UchihaRagnar(f): 4:39pm On Feb 06, 2021
please, what's the current price of zenith?
Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 4:47pm On Feb 06, 2021
UchihaRagnar:
please, what's the current price of zenith?
26.00
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 4:57pm On Feb 06, 2021
Now that Cryptocurrency trading has technically been banned by CBN in Nigeria.

We should be expecting redirection of fund from cryptocurrency to stock market in the coming weeks

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:19pm On Feb 06, 2021
samguru:
Now that Cryptocurrency trading has technically been banned by CBN in Nigeria.

We should be expecting redirection of fund from cryptocurrency to stock market in the coming weeks


CBN didn't and can't ban crypto currency trading in Nigeria. It is beyond their power.

They only instructed banks not to allow their channels to be used for such transactions

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 6:26pm On Feb 06, 2021
emmanuelewumi:



Can didn't and can't ban crypto currency trading in Nigeria. It is beyond their power.

They only instructed banks not to allow their channels to be used for such transactions


Yes, CBN did not ban crypto trading.
They have however successfully blocked the major gateway for large scale trading.
P2p will most likely thrive but can't compare to direct access to major exchanges.
It is a big blow for crypto community in Nigeria.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by S007: 6:30pm On Feb 06, 2021
samguru:
Now that Cryptocurrency trading has technically been banned by CBN in Nigeria.

We should be expecting redirection of fund from cryptocurrency to stock market in the coming weeks

I concur.
Next week may be bullish.
Besides, some stocks already approaching bargain region.
Somebody on this thread won't like it.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:32pm On Feb 06, 2021
samguru:
Now that Cryptocurrency trading has technically been banned by CBN in Nigeria.

We should be expecting redirection of fund from cryptocurrency to stock market in the coming weeks



Rather we should EXPECT more BEARS.
CBN action is a clear indication they don't have the interest of investors at heart..

By this time last year USD was trading at #365 while Bitcoin was $9000.
today USD is N480 while Bitcoin is $40000.

The BARGAIN HUNTERS that keyed into USD & BITCOIN like we advice are smiling to the banks while this Buhari regime wants everybody to PERISH with NAIRA.

The WORST is yet to COME.
2008 will be a child's play compare to what is ahead.

BARGAIN HUNTERS TAKE NOTE!

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by S007: 11:28pm On Feb 06, 2021
PETERiCHY:




Rather we should EXPECT more BEARS.
CBN action is a clear indication they don't have the interest of investors at heart..

By this time last year USD was trading at #365 while Bitcoin was $9000.
today USD is N480 while Bitcoin is $40000.

The BARGAIN HUNTERS that keyed into USD & BITCOIN like we advice are smiling to the banks while this Buhari regime wants everybody to PERISH with NAIRA.

The WORST is yet to COME.
2008 will be a child's play compare to what is ahead.

BARGAIN HUNTERS TAKE NOTE!

So you don forget the oil price. Your favorite fire mantra.
Now knocking the door of 60USD
cheesy

10 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:49pm On Feb 06, 2021
grin
PETERiCHY:




Rather we should EXPECT more BEARS.
CBN action is a clear indication they don't have the interest of investors at heart..

By this time last year USD was trading at #365 while Bitcoin was $9000.
today USD is N480 while Bitcoin is $40000.

The BARGAIN HUNTERS that keyed into USD & BITCOIN like we advice are smiling to the banks while this Buhari regime wants everybody to PERISH with NAIRA.

The WORST is yet to COME.
2008 will be a child's play compare to what is ahead.

BARGAIN HUNTERS TAKE NOTE!
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 2:48am On Feb 07, 2021
Why isn’t anyone talking about OMO bonds undecided
Sure it’s less than inflation which is about 15% but it’s much higher than any other non-risky investment

Fixed deposits of banks - about 1%
Hida of Access - 2.5%
Top 10 Investment houses fixed deposit rates - 1% (e.g Meristem)

This is the best move for a lazy investor that’s quite secure. Sure they are some investment houses offering 10% but they aren’t top 10 and it’s a risk going with them (FCSL - 7%)
Noble serve capital - 10%

Perhaps this new raise of OMO bonds interest rates could explain the reason why the market was down in the financial sector for the last two trading days.

Also new of devaluation is back with full force.



https://businesspost.ng/economy/investors-continue-to-abandon-nigerian-stocks-as-omo-bills-yields-rise/amp/?fbclid=IwAR0ZRPXe-NnsMyDLZ6k6xJHXv9ews_WDZl6cAHDGAc7WrkgMIy33dIY1aw8


https://www.bloomberg.com/news/articles/2021-02-05/rising-nigerian-central-bank-yields-may-signal-naira-devaluation

Re: Nigerian Stock Exchange Market Pick Alerts by johnok(m): 4:45pm On Feb 07, 2021
megawealth01:
grin



ECONOMY: Nigerian Equities Index Gains 50.03% in 2020 despite 41% Drop in Foreign Portfolio Inflows…
We expect the equities market rally witnessed in January to mellow in the months of February and March, despite the
anticipated dividend payment announcements by corporates in the months, as share prices have risen to levels where
the dividend yields appear to have been streched. This is more so as the fixed income yields are beginning to rise…

.....COWRY ASSET

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 7:16pm On Feb 07, 2021
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 8:49pm On Feb 07, 2021
Pls is anyone aware of anything behind sudden Union bank 75,000,000 units resent daily transfers
Re: Nigerian Stock Exchange Market Pick Alerts by stevemims(m): 9:02pm On Feb 07, 2021
Can someone point me to MTN's registrar?

I can't find it on the dividend forms I downloaded.
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 9:06pm On Feb 07, 2021
emmanuelewumi:



CBN didn't and can't ban crypto currency trading in Nigeria. It is beyond their power.

They only instructed banks not to allow their channels to be used for such transactions

I said "technically"
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:36pm On Feb 07, 2021
stevemims:
Can someone point me to MTN's registrar?

I can't find it on the dividend forms I downloaded.

Check the registrar's website - Coronation Registrars. The updated e dividend mandate has both MTN and Airtel listed
Re: Nigerian Stock Exchange Market Pick Alerts by stevemims(m): 11:30pm On Feb 07, 2021
Thanks!!
emmasoft:


Check the registrar's website - Coronation Registrars. The updated e dividend mandate has both MTN and Airtel listed

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 6:14am On Feb 08, 2021
samguru:
Now that Cryptocurrency trading has technically been banned by CBN in Nigeria.

We should be expecting redirection of fund from cryptocurrency to stock market in the coming weeks

Tah. Not in the current run of crypto. For crypto funds to come to NSE, the incentives there must subside.
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:41am On Feb 08, 2021
ASI cannot continue going south while Brent is making 1 year high everyday. We are watching this week. grin grin grin

Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 8:51am On Feb 08, 2021
[quote author=thebargainhunte post=98857166]ASI cannot continue going south while Brent is making 1 year high everyday. We are watching this week. grin grin

Production volumes have been cut significantly, so prices going up means little.
Re: Nigerian Stock Exchange Market Pick Alerts by Nezzjnr: 9:29am On Feb 08, 2021
My account on Trove was just verified

I tried Funding my account..

They're telling me amount must start from 0 to 0
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:11am On Feb 08, 2021
Don't Just Save let your savings be Saving for you

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Don’t just save let your savings be saving!

Wait no further just PM, call or chat me up for details on how to switch and enjoy better returns. Check my signature now!
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:15am On Feb 08, 2021
Lion123:


Forget those analysts at all those Investment Banks and their 'fair value'. All na scam. On the NSE the only fair value of a stock is what people are willing to pay for it at any point in time. If Zenith is trading for N11, that is its fair value. That's how Rencap said Zenith was going to N38 some years ago. I wait tire.

Uhmmm
Not a nice thing to use the word[b] scam..[/b]
Cos they used models to value coy ....
If you know how to value coy...
U use their forecast as a guide.....
And compare with ur own model/results...
Dats the best practice...

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:49am On Feb 08, 2021
If you have cash you are not using in the next 3 to 4 months

Buy Guinness Nigeria PLC NOW!!!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:54am On Feb 08, 2021
samguru:
If you have cash you are not using in the next 3 to 4 months

Buy Guinness Nigeria PLC NOW!!!
i laugh una on SPANISH grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:59am On Feb 08, 2021
megawealth01:
i laugh una on SPANISH grin


ok ooooo till then
Re: Nigerian Stock Exchange Market Pick Alerts by BAMOFIN1: 12:05pm On Feb 08, 2021
longlife20:
http://www.nse.com.ng/Financial_NewsDocs/32249_NPF_MICROFINANCE_BANK_PLC%20_YEAR_END_%20_FINANCIAL_STATEM.pdf

@longlife, @samguru please do have any info indicating that NPFMCRFBK will NOT pay dividend for 2020 year end? I read thorough above report and there is a confusing sentence that the management has not recommended payment of 20k dividend. At page 52 the report states: 'The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters Act of Nigeria
(CAMA), 2020, has not proposed a final dividend of 20 kobo per share (31 December 2019: final; 20 kobo) from the retained earnings account
as at 31 December 2020. This is subject to approval by shareholders at the next Annual General Meeting'. Am I misreading?
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 12:33pm On Feb 08, 2021
BAMOFIN1:


@longlife, @samguru please do have any info indicating that NPFMCRFBK will NOT pay dividend for 2020 year end? I read thorough above report and there is a confusing sentence that the management has not recommended payment of 20k dividend. At page 52 the report states: 'The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters Act of Nigeria
(CAMA), 2020, has not proposed a final dividend of 20 kobo per share (31 December 2019: final; 20 kobo) from the retained earnings account
as at 31 December 2020. This is subject to approval by shareholders at the next Annual General Meeting'. Am I misreading?

The report submitted is for 4th quarter and not FULL YEAR AUDITED REPORT.

Dividend can ONLY be declared after Audited report is out.

From historical perspective, NPF Microfinance has been declaring dividend since 2014 and this qualifies the company to be called a bluechip, also
the probability that company will declare a dividend for 2020 FYE is high.

[/b]'The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters Act of Nigeria
(CAMA), 2020, has not proposed a final dividend of 20 kobo per share (31 December 2019: final; 20 kobo) from the retained earnings account
as at 31 December 2020.[b]

This statement is just to guide the investing public that though the company declared 20k in 2019 FYE but has not declared 20k for 2020 FYE
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 12:38pm On Feb 08, 2021
Rumour has it that Flourmills of NIgeria PLC is mulling full acquisition of Northern NIgerian Flourmills PLC.
Re: Nigerian Stock Exchange Market Pick Alerts by BAMOFIN1: 12:40pm On Feb 08, 2021
Ose. My mind don come down.
Re: Nigerian Stock Exchange Market Pick Alerts by X21: 12:42pm On Feb 08, 2021
somebody has been dumping access bank shares since friday

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