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Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 3:03pm On Feb 10, 2021 |
lets not forget the overdue naira devaluation that we should expect anytime from now. its advisable for short term players to sell off if any bull ride come soon, hold profit and watch out for 2nd qtr. wisdom2345: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Monibabakan(m): 3:06pm On Feb 10, 2021 |
yMcy56: This exactly is one particular issue that makes our Mr Market so unpredictable - inconsistent government policies. That's why short-term traders have to be very careful, avoid being greedy and getting carried away with paper profits when it seems the bullish season will be forever 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by deewhone19: 3:15pm On Feb 10, 2021 |
yMcy56:Na greed do me ooo... Was waiting for circa 35. I think I will take you advice, take dividend before selling off. Thank you for the advice our ever helpful mercy. Been following this thread for a couple of years now...I have to say @ymcy56 you are too much 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by wisdom2345: 3:20pm On Feb 10, 2021 |
Knock! Knock! We hearing quotes from the streets That stops rates are now 1.0000, 2.0000 and 4.0000 respectively in today’s auction ( rumors) If this is true it is what was expected and better than what has happened at the last week OMO’s auction. It is gonna be a quiet and red tomato session for stocks only if we see a consistent inch in NTB rates 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 3:20pm On Feb 10, 2021 |
emmanuelewumi: I see. So that includes making their results and declarations secret going forward? |
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 3:42pm On Feb 10, 2021 |
Yea, Guinness has gotten on my radar. 'for long term hold' if price is right. 12- 18 months ojeysky: |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 3:51pm On Feb 10, 2021 |
PETERiCHY: LOL |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:11pm On Feb 10, 2021 |
wisdom2345:I think those selling off were/are mostly the TB guys that rushed to stock market when rate was ridiculously low. Stock market has been there when the rate was good and will remain when they carry their Kaya commot. Generally, NSE used to be bearish in Feb/Mar, so I won't totally tag it with NTB or whatever. Long termers/Dividend Investors have little or nothing to worry about.......short termers will restrategize. Let them go and allow us see road. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 4:19pm On Feb 10, 2021 |
Mcy56: We need more pull-backs. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 4:55pm On Feb 10, 2021 |
wisdom2345: Omo make I go chop government money in treasury bills |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 5:14pm On Feb 10, 2021 |
wisdom2345: My dear, Don’t allow ur forecast(perceived as they clearly are) make u miss out on the select few opportunities that the market would present. Ur talk on rising yields in the FI space causing a diversion of funds away from the stock market is for now half-baked(a bit too early) and holds little or no water given the current economic play on ground. I hope u understand that the stop rates u quoted are only but ur nominal return investing in that space. …ur RR(real return) remains largely negative or stretched even if u double those figures. ...a brief; Ur Nos are broadly forward-looking estimates but lets just be generous and assume that the coupon on a 1yr tenure NTB is 5%.(actual 1yr DR is @ circa </=4%) Lets even double that rate... which would be a 10% nominal return. Unfortunately, that would still compute to an approx negative 2.7% in real return(net of inflation) At the OMO space, ur RR will also print negative over a 1yr time-frame. And I hope u also know that over the same period, certain select healthy coys can deliver near 2x their previous yield peg. Lets dig in a bit more… A coy like ZENITH bank will likely return a N5.7 cash flow accrual within a roughly 1yr period(N2.7 in march 2021, 30k in July 2021 and another N2.7 in march 2022). At a price peg of N25, that’s a near 23% div yield(circa 22.8%) in nominal return and a net positive near 12.5% real return. Even if we decide to be cautiously optimistic and assume the bank may pay less dividend within the said time-frame(though there is no just reason to think so at this time), yield would still print at approx 10.3% of real return. Then there is also the matter of a possible cap appreciation to top up ur total CGY. …the interpretation of this is that it could likely take u as much as 2.5yrs to derive an equivalent value playing a 1yr NTB as u would playing the asset ZENITH, ceteris peribus. Needless to say that aligning with the latter ahead of the former should be a worthy opportunity cost. Similar arguments can be made for other healthy high yield-giving coys like GTB, UBA, AFPRUD, UCAP, DSR, DC etc. Now unless u are one of them fellows who believe that the negative 2.7% RR(from playing in that FI space) is greater than that of a positive 12.5% or min. 10.3% playing the ZENITH asset, u would quite naturally incline with the latter investment channel. There is need to understand what the market is “playing or acting out” at any given time. While u can not predict with certainty its motive, u can take advantage of its “plays” and the opportunities that come with it. The market is about to gift u with one more. Know when and how to act. No need to fret… trend remains largely bullish!!(see my past post on this line) Selah 15 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 5:32pm On Feb 10, 2021 |
jideflash: A devaluation will largely encourage more inflow than outflow from the FPIs and discourage sales from the HNIs, DPIs... and then outwit the minority players who may wish to seek other channels prior to then. ...particularly with the current economic 'misgivings'(low rate environment, high inflation etc) The 1st 2 bouts of devaluation last yr already did.(the mkt response was positive)... the next(if it does happen) will likely not be an exception. Money will always chase higher/better yields, and the market currently offers one such channel. Regards 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by wisdom2345: 5:55pm On Feb 10, 2021 |
Thank you so much sir. Please what do you think of insurance companies like Wapic or mutual benefit onegentleguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by wisdom2345: 5:57pm On Feb 10, 2021 |
ebuka1997: |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 6:09pm On Feb 10, 2021 |
wisdom2345: Pls kindly surf through my past post. ...I already gave enough guide on coys in the insurance space. Regards |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:16pm On Feb 10, 2021 |
The journey to election...... |
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 6:25pm On Feb 10, 2021 |
jideflash: The fall it has done never reach.....I beg hee don do o |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:25pm On Feb 10, 2021 |
yMcy56: You are so used to making losses so it's understandable. Like I keep screaming since last year 2021is the year of THUNDERSTORM and 2008 will be a child's play compare to what will happen. So keep your CASH abreast. BARGAIN HUNTERS TAKE NOTE! 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 8:03pm On Feb 10, 2021 |
Just thinking aloud... What's the chance that Dangcem will increase divided having reduced their outstanding shares through the 1st phase of their share buy back scheme? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:42am On Feb 11, 2021 |
Hello All, I would like you to share your knowledge and insights with me on this tax matter. Assume that you're working for a multi-national company in Lagos and you periodically set aside around 60% of your net monthly pay and invest same into the shares of well-run companies listed on the NSE. Assume further that at the end of ten years of working with the multi-national company, you decide to resign and incorporate your own company by being a distributor for the multi-national company's products. However, before the incorporation of your company, you sold all your overvalued shares in your personal name and moved the proceeds into your newly incorporated company's bank account. In this case, would the person be liable to pay any tax to the Lagos Internal Revenue Service (LIRS) or the FIRS based on the proceeds from his liquidated shares? Thank you. |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 3:00am On Feb 11, 2021 |
TwiceASGiant: Dunno how it works in Nigeria. Why move personal funds to corporate account. In this part of the world, you must account for it to HMRC. You have to prove it is not payment for goods/services rendered by the company. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:31am On Feb 11, 2021 |
bigjay01: Thank you for your response. I sold shares in my personal name and transferred the proceeds to my company account to serve as capital for my distributorship business. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 3:53am On Feb 11, 2021 |
No tax is due on the disposal of shares. The cash injection into the distribution business could either be in form of a loan o the business or an equity injection or could be a mixture. It all depends on what you want. TwiceASGiant: |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 7:35am On Feb 11, 2021 |
TwiceASGiant: At the point of selling your shares, govt has already collected their tax from the proceeds of the share sales. The moment the fund enters your business,it is regarded as shareholder's fund. Govt can not tax shareholder's fund rather they tax your profit 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Frawzey: 8:26am On Feb 11, 2021 |
Hi, Please can someone tell me when MTNNGs Q4 2020 results would be out? I can't seem to find any info on their website. Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 9:08am On Feb 11, 2021 |
Its going to be bullish today You can quote at the end of today's trading Good Morning |
Re: Nigerian Stock Exchange Market Pick Alerts by Seunn11: 9:22am On Feb 11, 2021 |
samguru: Bears Knocking. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:56am On Feb 11, 2021 |
There are no taxes on the sale of shares. What you have are brokers commissions, Vat, stamp duty CSCS and SMS alert. stocks and shares are exempted from tax. samguru: |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 10:05am On Feb 11, 2021 |
*NIGERIA’S TOP TEN COMPANIES* *Top 10 Banks on the NSE by Market Cap as at 5th Feb. 2021* GT bank – N1.06trn Zenith – N816.3bn Stanbic – N499.8bn Access Bank – N303.9bn UBA – N288.9bn First Bank – N260.2bn Union Bank – N168.9bn ETI – N110.1bn Fidelity Bank – N72.4bn FCMB – N63.4bn *Top 10 sectors in Nigeria with highest foreign inflows in 2020* Banking - $3.75bn Financing – $1.89bn Shares – $1.85bn Production – $913.9m Telecomms – $417.5m Agriculture – $324.6m Trading – $287.9m Service - $68.4m Oil & gas – $53.5m Brewering – $30.4m *ICT companies on the NSE by Market Cap as at 5th Feb. 2021* MTN – N3.7trn Airtel – N3.5trn E-transact – N10.5bn CWG – N6.4bn Chams – N1.2bn Courteville – N746m Omatek – N588m Tripple Gee – N371m NCR Plc – N370m *Top 10 Insurance Companies on the NSE by Market Cap as at 5th Feb. 2021* Mansard– N46.8bn NEM – N25.1bn AIICO– N25bn Coronation – N13.7bn Cornerstone– N11.8bn Prestige – N6.4bn Linkage Assurance– N6bn African Alliance – N4.9bn Consolidated Hallmark– N4.9bn Staco – N4.5bn *Top 10 most capitalized companies on the NSE as at 5th Feb. 2021* Dangote Cement – N3.9trn MTN – N3.7trn Airtel – N3.5trn BUA Cement – N2.7trn Nestle – N1.1trn GTB – N1.06trn Zenith – N816.3bn Stanbic – N499.8bn Nig. Brew – N487.8bn Lafarge – N429.3bn *Top 10 Manufacturing companies (Consumer goods) by Market Cap as at 5th Feb. 2021* Nestle– N1.1trn Nigerian Brew– N487.8bn Dangote Sugar– N243bn Int’l Brew– N166.5bn Flour Mills– N129bn Unilever– N84bn Nascon– N43bn Guinness– N42bn PZ Cussons– N22.4bn Champion Brew– N22bn *SOURCE: Nairalytics* 6 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 10:11am On Feb 11, 2021 |
rebekah2011: what is VAT? VAT is not tax 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 10:15am On Feb 11, 2021 |
Today and tomorrow will be bloody oo. If you bought low, no need to panic, if you bought high wait until the blood stops and then average down. If you can't cut your loss and move on. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 10:33am On Feb 11, 2021 |
nna777: It is well. |
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