₦airaland Forum

locodemy:
oh, election postponed till next Saturday?
How I wish zenith will come back to 22 naira btw Monday and Wednesday so I can channel my latest proceeds to that side.

some stocks will receive beatings for failing to pay better dividend within this one week.

BullBearMkt:
Indecision in the market...
There was a pause to the ongoing rally on the NSE index probably due to news emanated from Bloomberg regarding the countries election result. From here, stocks could continue the journey up or reverse. A close above 32634 could indicate rally continuation while a close below 32264 could indicate a reversal.

Watch your portfolio!

PLAN YOUR TRADES AND TRADE YOUR PLANS

valentinenwoko:
Playback what is fair/ intrinsic value price of:
1. Transcorp
2.Oando
3.Nahco
4. CI Leasing.

Current price, fusxer plz help out

BullBearMkt:
WAITING FOR ELECTION TO BUY - Does it worth the waiting?
I have tried to study the NSE ASI price movement just before and after presidential elections in Nigeria and its effect on the market generally. But due to lack of data even from NSE (this is terrible!), I cannot really come to a conclusion.

Available data only covers the last 3 presidential election from 2007.

-2007: Before election, market was bubbling and this is the period NSE witnessed great patronage both from crooks and saints alike. So market continue the euphoria during and after the elections. Good to note is that the incumbent party (PDP) just transfer power to the same party. Similarly, the power to be then nominee won the election. So the atmosphere was good for the market.

-2011: The election took place in April, but before then the world witnessed financial crash and many countries were just getting out of this including Nigeria. However, after the election, since the incumbent party (PDP) won the election, market embrassed the news, rallied for 1 month and immediately the president was sworn-in in May, market started falling till the end of that year...

-2015: From the beginning of the year, market was dipping due to uncertainties surrounding whether there will be election or not until American & British governments shown their anger; that was when Nigerian govt announced that presidential election will take place in March. Market loved the news & immediately a dipping market suddenly changed direction and created a pin-bar. Election came & gone with the incumbent president conceded defeat - market loved this and we witnessed market rally. Before the president was sworn-in, market became jittery and market started another fall till late 2016.

I tried to make any summary out these 3 scenarios but data is too small, however, a common factor are:
-Market rallies in the election month
-Market dips after president sworn-in and lasted for at least throughout that year

With the elections now coming in February, what do we expect

fxuser:
Weekly Chart
- highest weekly close in last 20 wks is 66kobo
- wkly macd is above signal line
- wkly rsi approaching 50
- price is also trading above its 50-ema
- daily macd above the zero line
- many things looking good bros , further brk out expected

cheers

fxuser:
Wema - trading above prev weekly close - nice ff thru ...

BullBearMkt:
...as @fxuser stated it's bearish, however the good thing is that the stock is around 78.6% fib level but no weekly support to back it up
-there is a strong support though at 0.95
-there is a "minor" support around the current price @1.06. If this week can give a rejection candle the better

fxuser:
bearish

Agbalowomeri:
In NSE, it's much easier to survive on TA alone. No be all of us fit go ask for the price of bag of semo for market (apologies to oga Wanaj). Some of us are plain lazy

veecovee:
thks

Infinitisi:
Sent

Infinitisi:
Sent

wanaj0:
Think of this: People that invested in companies/businesses that are not quoted/traded on an exchange what do they consider since there is no PRICE to look at everyday. There is no BEAR or BULL. That will give you an inkling of how to look at an investment!

wanaj0:
Think of this: People that invested in companies/businesses that are not quoted/traded on an exchange what do they consider since there is no PRICE to look at everyday. There is no BEAR or BULL. That will give you an inkling of how to look at an investment!

tritritri:
Fire everywhere , who did we offend?

wanaj0:
H1 EPS of 11kobo. FY at same run rate will be like 25kobo. Assume a PE of 6 that is like N1.50.

Good growth in revenue driven by the power sector. Not sure what they've done differently for almost 50% surge in revenue from Power sector.

Trade receivables of N77bn is a red flag! N100bn borrowings also is not small.

Then you have the related party transactions with Tony and co.

Mpeace:
What do you thing will happen? The ogas say we should sell and run, run to the village.

fxuser:
i share ur guts also . . and dat q1 cannot be ignored abi timing is a different matter

fxuser:
long term bearish (plus death cross sef)
med term bearish
short term bearish
may likely re-test of prev yr low (N1.15) or not

#caution

yok:
MSCI MOVEMENT IN PORTFLIO FOR 6 JUNE 2018/GENERAL MARKET COMMENT

The market is coming alive little by little. The fund have started buying. This is a good relieve for the market.
In the light of the recent bear market, there is need to be more nimble in the market. We observed that the market can fall faster than when it is rising.

Now I will stick to watching when the MSCI Net Asset Value (NAV) loses up to 5% on weekly basis, I will slow down and when the losses is 10% on monthly basis, I will exit the market as fast as possible.

Looking at what the fund is buying now, I am not a fan of most of them especially when I am practicing some “rogue trader” tactics to quickly collect some dividends that others have worked or did they suffer for it!!! Sorry I will not tell the name of any now we have named them in the past, the prices have fallen such that further price fall after my dividend collection is very minimal.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

Agbalowomeri:
Bull starts tomorrow Fasten your seat belt

RabbiDoracle:
Sharpen your cutlasses.
Diamond around N1 FCMB around N1 Fidelity around N1.3 Zenith around N16 UBA around N6 Access around N5
GTB: you are in a class of your own!!!
Once any gets there, woundjure the stock.