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Nairaland Forum / Thebargainhunte's Profile / Thebargainhunte's Posts
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 4:10pm On May 03 |
Adinije: 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: 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. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:52am On Apr 30 |
Streetinvestor2: No make one moniker catch you for this hopeville analysis 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:26pm On Apr 29 |
ogoo4real:
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 4:56pm On Apr 25 |
ositadima1: Show the light! I rep amaka boys. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:04pm On Apr 18 |
emmanuelewumi: 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: #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: 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. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:27pm On Apr 18 |
Locotrader:This man na confirm Street man. Him fit be customstreet |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 5:21pm On Apr 18 |
Ginalex: 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: 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: Consult Agba to make your dream a reality. He has the power to make a dip deeper. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 6:17am On Apr 17 |
I expect stability either today or tomorrow 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:39pm On Apr 15 |
Zagee:He might not like to list his company during bear period. Anyway, we are waiting 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:36pm On Apr 15 |
ndept: 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: Merger may take place early next year or late this year, this is purely assumption. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 1:07pm On Apr 12 |
BabsO2: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: 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: 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 .... |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 10:54am On Apr 12 |
BabsO2: I doubt oando will be delisted |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 10:52am On Apr 12 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 9:08am On Apr 09 |
unite4real: 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: Hard working CBN 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: What are we expecting next week MPC,rate hike? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:46pm On Mar 21 |
Oando faithfuls https://www.google.com/amp/s/nigerianobservernews.com/2024/03/edo-oando-to-generate-175mw-wind-energy-for-industrial-clusters/%3famp 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 2:02pm On Mar 21 |
lionshare: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: 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: emmanuelewumi: 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. 4 Likes 1 Share
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