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Thebargainhunte's Posts

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 4:10pm On May 03
Adinije:
Why is ACCESSCORP scared of #18. Na wa oh

This stock supposed to close gap with UBA but instead, it is widening the gap between the two. I wonder why the stock is trading below #20.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 4:05pm On May 03
BabsO2:


Fantastic print. No one should be selling at current prices. UBA should be selling above N60 The only thing not yet clear is how much dilution (or set back) will come from recapitalization.

How much should access bank sell??

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 11:08am On May 02
Access is possessed with the spirit of abido shaker. Na to sleep below #17 dey hungry am while him mate they eye #25. grin grin grin

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:52am On Apr 30
Streetinvestor2:
After 4:1 reconstruction of transcorp plc.Tony will manipulate it to #100 like transcorp hotel.....I believe that is the game plan

No make one moniker catch you for this hopeville analysis grin grin grin

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:26pm On Apr 29
ogoo4real:


Details please

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 4:56pm On Apr 25
ositadima1:
Does Monkey Go to School ?

@nnadengram

grin grin grin




Dengram we sing to you
Lux fiat
Dengram we bring to you
Faith untold
You challenge and inspire
Your hope is our desire
We sing to you
Our Alma mater
Lux fiat!

Show the light! I rep amaka boys. grin grin grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:04pm On Apr 18
emmanuelewumi:



Merger was suspended and not cancelled.

They will present another merger proposal that will be acceptable to SEC

I know it is suspension and not cancellation but the CP has to mature before the merger will take place na.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:56pm On Apr 18
Adinije:
Abeg, what is the fair value for Dangsugar and NASCON biko. grin

#12 but you have to wait for it more 40 years.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:54pm On Apr 18
defebe:


Dangote has loss every trust vested on him...

Should have remained on the sideline when I sold with over 200 percent profit in December..That money for reach buy Muscle then

He won't go that way cos Alhaji is Forbes list conscious. He won't like to play with the trust investors have in him. Except he wants all his listed stocks to be taken as pure otilo. grin grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:27pm On Apr 18
Locotrader:


I don't joke with your red flags
This man na confirm Street man. Him fit be customstreet grin grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:21pm On Apr 18
Ginalex:
sad Alhaji and I thought you were different cry

I ran away from the stock when I noticed Dangsugar CP. He didn't try on this at all , people will loss a lot of money here both newbie and ogs. Who knows whether this is a decoy for him to accumulate the shares at a cheaper rate. I know for sure that the merger will sail through, but it is not going to be now.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 2:29pm On Apr 18
KarlTom:
There would be grave repercussions for any change in mind ... grin

Your announcement made a stock price move from 16 to 80 and you think he will just wake up and say he is not doing again? Maka why?


It will surely come, though it will tarry. People are beginning to factor in q1 result which might not be good because of FX loss.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 7:28am On Apr 17
Zagee:

That stability should wait first for my buy zone oo. πŸ™†πŸ½β€β™‚οΈ
But Madam will say market has a mind of its own.πŸ€·β€β™‚οΈ

Consult Agba to make your dream a reality. He has the power to make a dip deeper. grin grin grin

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:17am On Apr 17
I expect stability either today or tomorrow grin grin grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:39pm On Apr 15
Zagee:

My own guess is q3
He might not like to list his company during bear period. Anyway, we are waiting grin grin grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:36pm On Apr 15
ndept:
Oga, you are wicked o grin

On a serious note, I think patience is key in order not to exit and all of a sudden, you hear the announcement. By then, you will not see it to buy until it reaches close to N90 and that will be very painful.

Patience is required now cos it might come like a thief. It depends when the announcement was made, whether it was during bull or bear period.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 7:26pm On Apr 15
defebe:


To think I sold my Dangote Sugar last December after doing about 200 percent. I re-entered again this year, not to exit is now an issue...I don average Don tire and I'm no ready for that again...

Merger may take place early next year or late this year, this is purely assumption.grin grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 1:07pm On Apr 12
BabsO2:


Looking more and more like he needed the drama to tidy things up and come out bragging of the turnaround he has led. Could see the bragging already started in the November 2023 AGM shocked grin The air around him in that AGM suggests he would love the good limelight and not a boring delisted operation. Though he can still achieve limelight by SM even if he delists - dinning with the ......
He hinted about dividend in that AGM. He won't fail cos people will judge his uncle with his action.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 12:54pm On Apr 12
robobo:



"I think he needed the drama to tidy the results up" == in hindisght (20/20), this is looking more like the intention.


"You might not be far from the truth, he wanted to turn a new leave now"== i would not bet on this, i would rather say my goals are aligned with his. the day that goals does not align again you would really understand that he has not turn any new leave (or tree)

WT like most (if not all) Nigeria big man are driven by ego (forbes thing e.t.c.) so you can be rest assured since they are in government that would be on his top radar also. so Oando might not be going anywhere, might even witness a lot of pumping once the AFS are sound enough i.e. post release of AFS for 2022 and 2023 FY

( i am seeing/dreaming something like the AP / Otedola saga from sub 10 to over 300)


He has the backing of "Oga on the top", the Forbes list will be bobo juice. #300 is over optimistic, but it is possible Shaa.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 11:15am On Apr 12
BabsO2:


I bet it will not be delisted.
Rather it will start paying dividends by next year latest. Will not be surprised if we even get a dividend this year.

If he wanted, he would have done it long time ago the way Ardova did. I think he needed the drama to tidy the results up. You might not be far from the truth, he wanted to turn a new leave now. Oando remains a stock to watch, but one has to know dinning with Oando is like dinning with the .... grin grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 10:54am On Apr 12
BabsO2:
OANDO



Already on full bid with max daily gain. No offers on the floor for sale at the moment. That's how optimisim springs up once court date is nearing. Time for this case to be struck out joor.

I doubt oando will be delisted
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 10:52am On Apr 12
...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 9:08am On Apr 09
unite4real:


Why spite Access Bank? Wetin then do you

Access Bank yield is even far bigger than GTB and not far off zenith and you say 0.8%
grin grin grin
Nothing o, I made a mistake.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:49am On Apr 09
FUGAZ dividend yields:

UBA-9.1%
Zenith-8.4%
Access-8%
GTB-5.9%
FBHN-
Uncle Tony really tried for dividend hunters. I think it is a great milestone for them to overtake the like of Zenith and GTB in terms of dividend yield.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 9:06pm On Mar 28
Ades1:



They’re working bros πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚. Just cross your legs and wait πŸ€¦πŸ½β€β™‚οΈ

Hard working CBN grin grin grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:20pm On Mar 28
CBN approval now takes ages. What is causing the delay abeg?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 12:07pm On Mar 22
Since January 29th, Dangote Cement has been on full offer while Buafoods has been on full offer since February 26th, 2024. The two explosive devices planted to bring down ASI.

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 10:17am On Mar 22
Zagee:
Speculators how market? grin. Credit to oga Cardoso for being PROFESSIONAL(hope he stays so)! It's left for Bulaba to keep his own end intact.

What are we expecting next week MPC,rate hike?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:46pm On Mar 21

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 2:02pm On Mar 21
lionshare:
Culture influences economic behavior. South Africa has over 400 listed companies, while Nigeria has just over 100, which is relatively low for its economy size. Encouraging and incentivizing companies with annual revenues exceeding N100 billion to list can enhance transparency, benefiting all stakeholders in the long run and the general populace.

PS: Standard Group is about $1K not N18m
the price I saw it was 18585 Zac per share which when divided by 7.93 will give us $2343.63 per share. I made a mistake in my calculations.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 1:03pm On Mar 21
Zagee:


New listings are what is required to have this. We need more lively coys on the bourse. NNPCL and Dangote Refinery adds about 5-10trillion to it. [b]We just have to create the enabling environment for such traction. E.g includes but not limited to not having Stupid people anywhere at the seat of governance.
Without sounding political, this was why OBI had a visit to the LSE during his tour. [/b]I think bulaba had some run-ins with other exchange I think.

The bolded is what could drive our market price up cos fpi still see our market very cheap.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 12:59pm On Mar 21
emmanuelewumi:



How?


How many businesses are quoted on NGX.


Do you have the historical data of the relationship between the Nigerian stock market capitalization and our GDP.

Because 80% is undervalued in the US stock market compared to their GDP, does not mean 50% is not overvalued in the Nigerian stock market compared to our GDP.


Maybe you wanted to say businesses in the Nigerian economy needed to be quoted on NGX
emmanuelewumi:



How?


How many businesses are quoted on NGX.


Do you have the historical data of the relationship between the Nigerian stock market capitalization and our GDP.

Because 80% is undervalued in the US stock market compared to their GDP, does not mean 50% is not overvalued in the Nigerian stock market compared to our GDP.


Maybe you wanted to say businesses in the Nigerian economy needed to be quoted on NGX

There is correlation between NGX capitalisation and Nigeria GDP. Increase in GDP will have positive sentiments in our market. I don't really have the data to back up my claim, but I attached two images in my post, one is NGX capitalisation history while the other is our GDP history. I think that data would give one insight on how our GDP is correlated to stock market capitalisation in dollar. I don't quite agree with listing more companies would solve the issue, I am of the opinion that our valuation of stocks in Nigeria is very poor, hence my stand that we have undervalued market. Take a look at Standard Bank Group of South Africa for example, the market price is 18585 Zac which when converted to dollar, it would be around $18515 per share. The same money when converted to naira would give one about 18 million naira per share. Imagine this stock was listed on NGX,people would not near the stock cos to them it is overpriced stock. The outstanding share of the company is about 1.67 billion shares, then compare that with our Zenith Bank that is trading below #40, that is 450,000 times. Zenith has presence in other countries as well. What our companies do to have a big market capitalisation is to increase their OS while the price remain cheap. Imagine Dangote Cement having OS less than two billion, do u think people would price it above #2000? These billionaires understand Nigerians very well and that is the reason they are having bloated os in their companies. A bloated os will dampen the share movement because of too many jijoist.I understand that there so many metrics which helped Standard Bank Group to achieve that feat which is not limited to secure currency, trust people have in their security exchange or what ever, government policies and security of lives and property in the country etc. These are some of the metrics that would help fpi to come into our country, and their presence drives positive sentiments. Dangote will not try listing his refinery with OS less than 10 billion cos he knows that nobody would price his refinery above #10,000.

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