Hope we are cherry picking tomatoes in NSE

Be greedy when others are fearful......

ukay2:
Hope we are cherry picking tomatoes in NSE

Be grredy when others are fearful......

STAY AWAY from the market today.
You can CHERRYPICK @ TOMMOROW DIP IMMEDIATELY trading resume.with your IDLE FUND.

BARGAIN HUNTERS TAKE NOTE!!!!

PETERiCHY:


STAY AWAY from the market today.
You can CHERRYPICK @ TOMMOROW DIP IMMEDIATELY trading resume.with your IDLE FUND.

BARGAIN HUNTERS TAKE NOTE!!!!

We are old in this business

I have been cheery picking since oo

More cherry (TOMATOES) picking as bargains present

ukay2:


We are old in this business

I have been cheery picking since oo

More cherry (TOMATOES) picking as bargains present

I will start mine tomorrow. More ucap below 5 & afripud @6 if possible

Today, the tyrant "Mr bear" entered our trading floor through the back door and desecrated our revered stocks that are preparing to reward the patient investors.

As at the time of filing this report many casualties were recorded as the bear was so aggressive to the extent of sparking a bloodbath on the floor.

No thanks to the treasury bill guys as they keep encouraging Mr. Bear to do more damages, but our Chairmen(Dangote cement and MTN) rose to the occasion and repelled the attack.

The situation has been put under control as All Share Index was navigated to the north by our defenders and territory reclaimed from the blood thirsty bear.

All the stocks that sustained injuries have been rushed to the hospital of BARGAIN HUNTERS and we are expecting them back on the floor tomorrow healthy and hearty to join in the struggle to put an end to the reign of the wicked bear.

Risk free investors right now

nna777:


I will start mine tomorrow. More ucap below 5 & afripud @6 if possible

Ok

Why is MTNN not shifting southwards with the bears?

Or the Jerico wall is waiting for a great fall?

samguru:
Today, the tyrant "Mr bear" entered our trading floor through the back door and desecrated our revered stocks that are preparing to reward the patient investors.

As at the time of filing this report many casualties were recorded as the bear was so aggressive to the extent of sparking a bloodbath on the floor.

No thanks to the treasury bill guys as they keep encouraging Mr. Bear to do more damages, but our Chairmen(Dangote cement and MTN) rose to the occasion and repelled the attack.

The situation has been put under control as All Share Index was navigated to the north by our defenders and territory reclaimed from the blood tasty bear.

All the stocks that sustained injuries have been rushed to the hospital of BARGAIN HUNTERS and we expecting them back on the floor tomorrow healthy and hearty to join in the struggle to put an end to the reign of the wicked bear.

The bear will ambush more operation lafia-dole troops tommorrow

ukay2:


The bear will ambush more operation lafia-dole troops tommorrow

ukay2:


Ok

Why is MTNN not shifting southwards with the bears?

Or the Jerico wall is waiting for a great fall?

I think people need to be careful with Dancement/MTN. Both are releasing their audited results this month. So it's likely that any positive movement it's dividends being priced in not to be mistaken for bull. The volume of Dancement doesn't support it's movement.

It's also likely that prices might hold/fall if dividend declared is same or lower.

The richest black man saves the day.

samguru:
Today, the tyrant "Mr bear" entered our trading floor through the back door and desecrated our revered stocks that are preparing to reward the patient investors.

As at the time of filing this report many casualties were recorded as the bear was so aggressive to the extent of sparking a bloodbath on the floor.

No thanks to the treasury bill guys as they keep encouraging Mr. Bear to do more damages, but our Chairmen(Dangote cement and MTN) rose to the occasion and repelled the attack.

The situation has been put under control as All Share Index was navigated to the north by our defenders and territory reclaimed from the blood tasty bear.

All the stocks that sustained injuries have been rushed to the hospital of BARGAIN HUNTERS and we expecting them back on the floor tomorrow healthy and hearty to join in the struggle to put an end to the reign of the wicked bear.

samguru:
Today, the tyrant "Mr bear" entered our trading floor through the back door and desecrated our revered stocks that are preparing to reward the patient investors.

As at the time of filing this report many casualties were recorded as the bear was so aggressive to the extent of sparking a bloodbath on the floor.

No thanks to the treasury bill guys as they keep encouraging Mr. Bear to do more damages, but our Chairmen(Dangote cement and MTN) rose to the occasion and repelled the attack.

The situation has been put under control as All Share Index was navigated to the north by our defenders and territory reclaimed from the blood thirsty bear.

All the stocks that sustained injuries have been rushed to the hospital of BARGAIN HUNTERS and we expecting them back on the floor tomorrow healthy and hearty to join in the struggle to put an end to the reign of the wicked bear.

Is this not erroneous? That 1 or 2 overweight stocks gained and skewed the index must not be misinterpreted to mean that there was a reversal of the bearishness!

The picture is still very red.

We wait at the bottom (assuming one knows where it is)

Dangote carried the market today, expect pension funds to gradually move to treasury bills

yMcy56:

One thing is: the market can be unpredictable, tomorrow the tide may change again...........those jumping out this minute may start jumping in the next minute.........
I've not really seen any significant thing causing the sell off........ especially when dividends are around the corner.
Well, the better for bargain hunters....

OMO & NTB rates on the rise. Investors taking profit from equities and migrating to money market. I believe rates will continue to improve even into H2. 2021

Full offer you mean....

I think Zenith will 'range trade' for a bit so it's best to target it at a predetermined entry price. Then wait for it to get there. I noticed a pattern with Zenith when the bear hits.. It rarely stays down till end of day.... somehow it recovers.. 'just bounces'

DangCem did same today hit 193 at some point and bounced to 227 where I think it closed..

The strategy is to stay woke. Some of these stocks may not fall and stay down for longer than couple of minutes to an hour.

robobo:


They shld put it to full bid by close today and also tomorrow so that we can arrive at sub 20 quickly

They shld pack all their money and go back to the NTB and leave this market for us.

https://www.nairaland.com/6410800/why-nigeria-changing-cleaner-energy#98969683

Copy cat

Many folks might be aware of the challenges FBNH went through in 2015 because of its legacy loans that went bad. In 2015, profit plummeted from N84bn to N17bn in 2016. And the collapses resulted from a spike in impairment charges from N25bn to N100bn.

Since then, the bank has struggled to be what it was. The business of banking is by generating profits through loan creation and trading.

Loan creation is the sustainable business and actual banking. The trend of the bank's net interest income over the last three years has been unimpressive.

In 2018, net interest income margin declined by 14%. In 2019, net interest income defined by 2%. In 2020 (a low-yield environment), net interest income declined by 8%.

There is a major problem here. The percentage of net interest income to total operating income has declined from 75% in 2011 to 60% in 2015, and now down to 55% in 2018.

This means that non-interest income has been the value driver for the bank over the years. On the first look, I might say 'okay, maybe the digitalisation efforts of the bank is yielding results. To be frank, the bank has done a lot in trying to drive its digital banking, and there are lots of transactions happening on its first monie platform. But no, that has not been the non-interest income driver. The driver has been trading gains.


Banks and PFAs fed fat on trading gains in 2020. How did it happen?

Many of these banks had existing bonds and bills at a particular yield. As interests rates declined, the prices of these existing bonds and yields shot up (inverse relationship between prices and yield). And so, these folks sold and captured massive gains. Stanbic fed fat on it as well.

Now, we are seeing a rising yield trend again. This means that for existing bonds, and those who bought during the low-yield environment, a fair value loss would be incurred. Banks that heavily rely on trading gains would be hurt. FBNH and Stanbic are cases in point.


Put in context, in FY'2020, the bank made a profit before tax of N78bn. Trading gains accounted for 64% of that amount. This means that if you take out the trading gains (in both comparable years of 2019 and 2020), the bank would have reported a 69% decline in profits

In Q4'2020, profit after tax actually declined by 38%. This was because of the trading loss they incurred.

When I looked at the bank's balance sheet, and tried to see the composition of their deposits, I saw the following:

As at FY'2020, the bank had:

√ Current deposits: 32% of total deposits
√ Savings deposits: 36% of total deposits
√ Domiciliary: 11% of total deposits
√ Term: 21% of total deposits

Although this trend explains that on an overall basis, the funding structure is skewed towards retail base, but that term deposit contribution of 21% is significant. As of 9M'2020, it was 19%. Therefore, it means that the increase in total deposits that happened in Q4'2020 was 47% driven by term deposits. That's a sign of pressure.


The profit margin of 10% to 11% is very weak. Extremely week. And this is despite trading gains.

GTB profit margin is 44% thereabout
Zenith is 25% to 30%
UBA and Access do 17%-20% thereabout


Rhree major factors drive the earnings value of a bank:

1. Cost of fund (interest expense)
2. Cost of bad credit decisions (impairment charges)
3. Cost of operations (operating expenses)

GTB ticks 1,2, and 3.

Zenith ticks 2 very well. 3 is well managed and recently 1 has been improving

UBA is strong on 2. 1 and 3 are managed well

Access is poor on 1, 2, and 3.

First Bank is very strong in 1, but 2 and 3 are significantly poor.
I ranked than according to the metrics.
These are significant long term concerns.
Those quarantined amount rose by 51% from N800bn to over N1.3trn.
If you take a chunk of that amount to create loans, you might earn more and your net interest income could improve.

But that also comes with a cost (opex and provision for impairment).

Copied!

PETERiCHY:


Our target price for Zenithbk is N10:10k

BARGAIN GUNTERS TAKE NOTE!

I'm waiting for N9 junction

ukay2:


Ok

Why is MTNN not shifting southwards with the bears?

Or the Jerico wall is waiting for a great fall?

E shock you ba? MTN go shock una wella... People that were packing the thing @#185+ even the huge volumes days ago wasn't for FUN na

Godisfaithful:


I'm waiting for N9 junction

Sir, with all due respect for the newbies. if u are being sarcastic fine. But remember we all know you in the time past, during Oando era. Myjoy, lead us well.

https://www.wsj.com/articles/SB126040149902984539
Just reading the story of Peter Ololo, the stockbroker who dominated the NSE back then accounting for at least 40% of daily volume, the Nigerian movie industry is not creative... these are some stories they should tell not just wedding everytime

ukay2:


We are old in this business

I have been cheery picking since oo

More cherry (TOMATOES) picking as bargains present

We are in the market for different reasons.

Godisfaithful:


I'm waiting for N9 junction

Nothing is impossible, what will. you do when it happens?

ebuka1997:
https://www.wsj.com/articles/SB126040149902984539
Just reading the story of Peter Ololo, the stockbroker who dominated the NSE back then accounting for at least 40% of daily volume, the Nigerian movie industry is not creative... these are some stories they should tell not just wedding everytime

Thanks. Newbies should take this prerequisite course before getting carried away with the euphoria of the market.

https://www.nairaland.com/326159/peter-ololo-biggest-bank-debtor

https://nairametrics.com/2021/02/12/fg-set-to-make-nigeria-a-major-gold-producing-hub-in-africa-minister/.....hope JAPAULGOLD will also benefit

jamace:
*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*

God bless you

4tunebest:


Thanks. Newbies should take this prerequisite course before getting carried away with the euphoria of the market.

https://www.nairaland.com/326159/peter-ololo-biggest-bank-debtor

I wonder how he was able to borrow that much money, people also said he wasn’t lavish and drove a Peugeot

GTL MYTRADEBOOK:
This site is still offline till now. No mail, nothing. This is not right.

I'll advice those using only mytradebook to consider opening additional account with another digital broker to avoid ugly scenarios.

cc: @Locodemy @DrLammy

Good morning my NSEMPA Neighbours ,

Hope we had a restful night.

Just want to wish all a bullish day.

Mcy56:
GTL MYTRADEBOOK:
This site is still offline till now. No mail, nothing. This is not right.

I'll advice those using only mytradebook to consider opening additional account with another digital broker to avoid ugly scenarios.

cc: @Locodemy @DrLammy

I have concluded to move my account from there. This looks like a deliberate attempt to make people lose money. Imagine if i needed to make quick trades based on the present bear and stock lose 10% everyday. Thats how i would have lost 50% like that.Anyways, Im considering the new atlass already

ebuka1997:


I wonder how he was able to borrow that much money, people also said he wasn’t lavish and drove a Peugeot

It is not just about his ability to borrow huge amount of money; also of implication is that certain banks willingly offered to give him huge funds to help them manipulate their company's share prices on the Exchange, which he did successfully for several years.

Princkez:
https://nairametrics.com/2021/02/12/fg-set-to-make-nigeria-a-major-gold-producing-hub-in-africa-minister/.....hope JAPAULGOLD will also benefit

JAPAUL and GOLD in one sentence is an insult to GOLD miners.

PAUL JEGEDE is one of the biggest thief in NSE.

NEWBIES shouldn't fall for this SCAM called JAPAUL because it doesn't worth 1kobo .

BARGAIN HUNTERS TAKE NOTE!