₦airaland Forum

DeRuggedProf:
Never overtake a long truck at a sharp bend to avoid head on collision.
Overtaking to clear some offers with the mindset that a stock is going to be on full bid most times is jumping the gun. Let your charts guide you.
Most of such bids turn to FULL GHOST after you are sucked in. Some stocks are still owing the bears and must pay.
This was part of currentprice's assertion earlier.
Well, experience is most time a better learning too in this game.

Derugged,

I was just about to post this (I quoted you so I can extend my greetings):

Remember, TA based trades are short term, in case the trade goes sour, do remember to cut the losses and move on to identify another opportunity... Infinitisi zerodha series

Some people place trades based on TA, follow the trade with FA while forgetting there was an initial TA setup (this is where hope usually takes charge) and exit the market based on GA.

My special greetings to Derugged.

Mpeace:
Stop laffing. Why u no force us to buy uniondac. Now it has done my usual 20% and more.
Oya tell us another one.

Oga MPeace, how is Oando, Diamond bank and Transcorp?

You know I use your entry time to gauge my exit time..

#nostoneintended

Infinitisi:
For the Fundamental Analysis students here you can visit this site www.wealthyeducation.com to download the following ebooks:

1. The Ultimate Guide to Value Investing

2. The Ultimate Guide to Dividend Investing

3. The Ultimate Guide to Financial Ratio Analysis

Infinitisi,

Thanks too. My TA skill is getting better.

currentprice:
let me keep my mouth shut for new one for now. warming inside the cooler, too hot

hope rate hike can push it down more

CP...

Thanks so far. I am one of your followers. One day I will get big enough to have followers too.

Every research method has its own merits and demerits. It would be futile to spend time comparing TA and FA in order to figure out which is a better approach.

Both the techniques are different and not comparable. In fact a prudent trader would spend time educating himself on both the techniques so that he can identify great trading or investing opportunities.

Infinitisi zerodha series...

fxuser:
- Um nice question . . same thing hv been asking myself
- esp wen u look at the monthly , u cud say a right shoulder is forming.
- However hv gone back to chk baba of TA - Schabacker (pg 85) and John Murphy too, pls chk dem out , d neck line raises question, dis one will be slanting up wh nullifies d pattern or cud be a complex one lollx . . . anyways we keep learning

attached are from JM

Thanks. I will chk the book out after I complete the Infinitisi zerodha series.

fxuser:
Random thots
- corrective waves dont offer d best risk reward in a down trend

#weekendChart

FX,

Please, on Transcorp, is that a head and shoulder forming on the weekly and monthly charts?

fxuser:
that table at Chap 11.3 , na real Recovery trauma

For module 1 right?

I have a question... if the face value of the shares does not change with the bonus issue then where is the profit? It looks more like a share reconstruction to me.

Mcy56:
Nobodyknows who else don reach this chapter too. Mpeace you don reach?

I don reach the chapter o.

Simplifies and clarifies a lot.

The index reflects the general market trend for a period of time. The index is a broad representation of the country’s state of economy. A stock market index that is up indicates people are optimistic about the future. Likewise when the stock market index is down it indicates that people are pessimistic about the future.

Infinitisi...

olasworld:
Please help with the 2 books

Stop falling our hand...

Get it here: https://zerodha.com/varsity/

Godlylifeoneart:
MUST WATCH OUT RED FLAGS FOR INVESTORS.... COPIED FROM A FOREIGN PLATFORM
1. The cult of the celebrity CEO

There’s nothing more appealing than the rags-to-riches story of someone who has come from nothing and risen to the top of the corporate hierarchy. Unfortunately, the hype created around a CEO’s public persona isn’t always matched by reality. A company built around the profile of its leader should be scrutinised.

2. Aggressive expansion (often internationally)

Companies that suddenly go on aggressive offshore expansion drives tend to use a lot of capital to make forays into markets they are often unfamiliar with.

Many South African companies that have recently expanded into unfamiliar territories ranging from the US (Discovery, Old Mutual) to Australia (Woolworths) and Nigeria (Tiger Brands), had to return home with a “bloody nose”, or report struggling numbers following their acquisitions, Artus says.

3. An absence of cash flow

Poor cash flow is one of the biggest signs that all is not well with a company and the way it manages its finances. This is like someone who has a good job, drives a nice car, lives in a great house or apartment but is always broke.

Companies that are perpetually short of cash and fund their day-to-day operations with credit, are often poorly managed. We think of cash flow as the cash from operations less the capital expenditure required to maintain their assets. The inability to actually produce any cash is a red flag.

4. Significant share issuance and growth in debt

Equity capital is valuable because it is scarce. If a business is undervalued, issuing shares is a very expensive way of raising capital. Any share issuance dilutes existing investors into perpetuity.

Rising debt levels are a concern, says Artus. You are taking from the future and spending today. Not only does that leave a hole that one day needs to be filled, but servicing that debt can quickly overwhelm a business. It is important to determine whether the borrowing is warranted. Very often it is not.

5. Overly complex corporate structure

The more convoluted a company’s corporate structure the easier it is to hide financial malfeasance.

Often companies will deliberately make use of complicated cross holdings, shell companies and an array of subsidiaries – frequently in different jurisdictions – to make it difficult to track precisely what they are doing. This is often reflected in overly complex financial reporting, which can also conceal debt levels or artificially inflate earnings.

6. Related-party transactions

Cross shareholdings and active trading in shares between subsidiary companies can result in inflated asset values across related companies. The share prices go up because of the increased buying without any fundamental changes to the underlying businesses. This is something investors need to look out for.

7. Everyone is investing in it

Avoid falling into the dreaded FOMO trap, or “fear of missing out”. Just because everyone else is investing in something, it doesn’t mean you should be doing so as well. We’ve seen the cryptocurrency craze that pushed up the price of Bitcoin to almost $20 ,000 only to see it crash to under $6 000, all in the space of half a year.

This is precisely how bubbles, such as the tech bubble of the late nineties, develop.

8. Be wary of noise created by fear and speculation

Activist short sellers have been a prominent feature in stock markets for many years. It’s easy to get caught up in the hype when their ideas hit the news. But a disciplined investment process, applied consistently over time, helps to overcome the temptation to pile in (or out) based on the headlines.

“Assessing the risk-reward trade-offs and margin of safety is a key consideration of a robust investment process, and even more crucial amid uncertainty and activist short-seller rumours. Make sure you choose a long-term manager whose investment process takes this into account,” says Artus

Interesting... Very true.

This is why Wanaj0 always screams when you ask him about some stocks.

NobodyKnows:
Maybe they’re hoping it will go back to 300

Nobodyknows...

After Japaul's backflip, never say never...

gabscity:
Abeg u have not finished your work. The two materials to ologabriela@yahoo.com ...God bless u bro!

These women with male monikers...

https://zerodha.com/varsity/ get it here yourself

deepsuk:
you mus be a starter to come write dis fo hia...


bros the co dey inside wetin dem dey call one chance...


the stock dey toxic...even their ceo is dying to sell it...last time seen he was asking some chinese and indian companies to come and buy am .. dem don tell am to F.O ...anybody that wan buy am...they ceo ready to sign papers....

now u know


if u buy u go hold d bag...up 2 u


mayb u too are paid to pump with these fake analysts and yeye analysis

When other are fearful, be greedy... . I will not buy 1 kobo of FO until Q3 result is out.

deepsuk:
these shameless analyts collecting naira to pump FO for us....


if FO is worth 35 naira then naira must be worth 100 to dollar.

Nice one. Except the stock is totally dead, else when it wakes up we will make money. Just gauging the life left in it. Q3 in view.




# If you are really a lady, you definitely would the prettiest of them all on NSEMPA.

alwayshigh:
My email is the same for facebook and others. Well I didnt know that he cannot see it. Thanks.

He is very funny sha but I came here to learn stocks.

Madam, create a separate email that u can use or limit the posting of your email on nairaland.

DeRuggedProf:
FO

Lol,

From N300 to N20 is not child's play...

rebekah2011:
The questions to really ask are:

1. How did these subsidiaries impact on the performances of FO when they were subsidiaries?
2. What gains will these subsidiaries bring to the table now that they will be sold?
3. What cash proceeds will the disposals bring to the cash inflow of FO?

Thanks Rebekah, After reading the link from fxuser, I did some basic comparison.

mendes911:
Below is the little I can say. My oga's can add more or point out any correction....

Thanks Mendes. I am looking out for the 100% price appreciation. After Q3 results, I will ask more questions.

fxuser:
This may help:
https://www.proshareng.com/news/Stock%20&%20Analyst%20Updates/Forte-Oil-Plc--Will-Planned-Divestment-Unlock-Value-/41648

Summary
''Therefore, on our revised numbers, we now have a blended FVE of N34.35 (vs N61.44 in previous communication) using a blend of DCF and Residual Income with respective weights at 50% each. Relative to last closing price, this translates to 58.3% premium and a BUY rating on the shares. The company currently trades at a forward P/E of 5.37x which is at a discount to peer average of 7.54x. ''


#fallingKnife

Thanks FX. I will keep my eyes open

When Forte oil sells the subsidiaries... Amperion power, FUS and Ghana APOG....
1. Will the non controlling interest remain the same?
2. Is there any knowledge as to what these funds will be used for?
3. How does Dangote refinery affect the new Forte oil produced from this spinoff?


Cc... Wanajo, Pluto09, MH, MPeace, Mendes

Yayira:
I no know when you learn this nonsense, this bad habits ?
Mpeace when? When you join this association of gossip men on this forum ?
Smh

Stone sighted...!
Target.....Oga Mpeace...

hyness:
It is well oo. In a sane society, whether all the allegations on him are all false, or some of these allegations were squashed by the law court (no smoke without fire), this oga is suppose to even resign as senate president, but here he is wanting to preside over the affairs of the entire country!
Meanwhile take a trip to Kwara state, his own state that he governed for 8yrs (which his family still hold bound), nothing, i mean nothing to show! How can we move forward as a country like this, because these political parties are the ones that choose candidates for us, whether we like or not, we are forced to vote for whoever they present (maybe till whenr they give us law that allows a candidate to contest without party affiliation).
Sorry i deviated to politics, my mood is not just ok today thinking about how i so wish for things to be normal in this country because we have so much potentials.

The mismanagement and poor leadership of the incumbent makes the lesser evil an option. Now all we need is change.

Yayira:
Lol.. Aremso this is NSE na.. you want to buy the index ? I’m not a guru but let me try..

UBA
GTB
Ucap
Fcmb
FB
Cap
CCNN
Eternal

I don’t know anything about nascon and DSR.. which stock is even DSR.. can you tell me the full name?

DSR...Dangote Sugar Refinery. Your choices look dope.

Yayira:
Agba how was your night in that land of the mutes ?

Carrot and stick technology. Agba cant stop chasing the carrots. The stick is just for a while.

Yayira:
Lol gamblers according to Wanaj0

By December the walls should have finally crumbled. Then we will go in and amend the walls from within.

hyness:
Why wait till December, why not start watching for from now, when it starts trading below N1 (sorry those that have it in portfolio) you begin to buy, cos i have a hunch you may even get it cheaper before that December if they do not have any positive news to cushion all these negativity trailing them now.

I pray o that it should reach my junction at the right time. No sorry to those who have it in their portfolio o. The cry of members of NSEMPA all this while should make even an ignorant man to run from DB. Even my direct Mentor (Mpeace) on DB sef sold.

I will still buy Diamond Bank shares in December whether NSE likes it or not.

Mpeace:
Its not like CBN is saying they should pay oh. Is cbn only wants them to return the money back to nigeria. When returned, the money will still belong to mtn. They will now be required to follow due forex process in taking it out of the country.

If this is the ploy then it is a good thing for Nigerian economy. But the number of catapaults waiting to shoot this bird is enough reason for this bird not to think of perching...

currentprice:
Airline service

CP,

Please, do you have an FP in mind? I am trying not to be overzealous... probably I have not properly discounted my calculated FP.

Yayira:
Hi, did you end up selling your zenith at 21 ?

.......

I hope It falls to 13 naira sha.. my prayer too. Both sides na win for me.
Go up or come down Yayira on both sides waiting.

Yayi,

I know you had this response in your mouth all this while waiting for the right time to spit it out... . You must be from Bayelsa...