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Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 2:32pm On Feb 11, 2021 |
Hope we are cherry picking tomatoes in NSE Be greedy when others are fearful...... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 2:39pm On Feb 11, 2021 |
ukay2: STAY AWAY from the market today. You can CHERRYPICK @ TOMMOROW DIP IMMEDIATELY trading resume.with your IDLE FUND. BARGAIN HUNTERS TAKE NOTE!!!! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 2:49pm On Feb 11, 2021 |
PETERiCHY: We are old in this business I have been cheery picking since oo More cherry (TOMATOES) picking as bargains present 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 2:58pm On Feb 11, 2021 |
ukay2: I will start mine tomorrow. More ucap below 5 & afripud @6 if possible |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 3:05pm On Feb 11, 2021 |
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. 14 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 3:10pm On Feb 11, 2021 |
Risk free investors right now
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Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:12pm On Feb 11, 2021 |
nna777: Ok Why is MTNN not shifting southwards with the bears? Or the Jerico wall is waiting for a great fall? |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:15pm On Feb 11, 2021 |
samguru: The bear will ambush more operation lafia-dole troops tommorrow 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 3:20pm On Feb 11, 2021 |
ukay2: |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 3:39pm On Feb 11, 2021 |
ukay2: 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. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by nessot: 3:39pm On Feb 11, 2021 |
The richest black man saves the day. samguru: |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 4:29pm On Feb 11, 2021 |
samguru: 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) 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 4:38pm On Feb 11, 2021 |
Dangote carried the market today, expect pension funds to gradually move to treasury bills |
Re: Nigerian Stock Exchange Market Pick Alerts by Emndy(m): 5:15pm On Feb 11, 2021 |
yMcy56: 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 |
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 5:50pm On Feb 11, 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: |
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 7:57pm On Feb 11, 2021 |
Re: Nigerian Stock Exchange Market Pick Alerts by Leezah(f): 10:11pm On Feb 11, 2021 |
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! 9 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 10:33pm On Feb 11, 2021 |
PETERiCHY: I'm waiting for N9 junction |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:38pm On Feb 11, 2021 |
ukay2: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 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mills55: 11:44pm On Feb 11, 2021 |
Godisfaithful: 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. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 12:48am On Feb 12, 2021 |
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 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:41am On Feb 12, 2021 |
ukay2: We are in the market for different reasons. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:46am On Feb 12, 2021 |
Re: Nigerian Stock Exchange Market Pick Alerts by 4tunebest(f): 7:52am On Feb 12, 2021 |
ebuka1997: 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 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 8:00am On Feb 12, 2021 |
https://nairametrics.com/2021/02/12/fg-set-to-make-nigeria-a-major-gold-producing-hub-in-africa-minister/.....hope JAPAULGOLD will also benefit |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 9:00am On Feb 12, 2021 |
jamace: God bless you 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 9:11am On Feb 12, 2021 |
4tunebest: I wonder how he was able to borrow that much money, people also said he wasn’t lavish and drove a Peugeot |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:15am On Feb 12, 2021 |
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 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 9:48am On Feb 12, 2021 |
Good morning my NSEMPA Neighbours , Hope we had a restful night. Just want to wish all a bullish day. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sincerelymine(f): 9:54am On Feb 12, 2021 |
Mcy56: 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 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by 4tunebest(f): 10:02am On Feb 12, 2021 |
ebuka1997: 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. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:03am On Feb 12, 2021 |
Princkez: 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! 7 Likes |
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