₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,331,282 members, 8,449,566 topics. Date: Wednesday, 22 July 2026 at 02:12 AM

Toggle theme

TLAX's Posts

Nairaland ForumTLAX's ProfileTLAX's Posts

1 2 3 4 5 6 7 8 ... 16 17 18 19 20 21 22 23 24 (of 32 pages)

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 4:24pm On Mar 29, 2018
locodemy:
Good but ccnn is 50% better.
In yield? Show your stats.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 4:19pm On Mar 29, 2018
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 4:18pm On Mar 29, 2018
CelebritiesRe: Sandra Ikeji Confirms Linda Ikeji Is Enageged (Photo) by TLAX: 3:07pm On Mar 28, 2018
IgbosAreOsus:
I hope her puṣsy no longer stinks huh
Take your time.... grin grin grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:24pm On Mar 28, 2018
RabbiDoracle:
This stock may slide to 33 kobo if a better result doesn't come out to support it. Retained earning has entered negative sef.
Is the new capital they raised part of this report?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:18pm On Mar 28, 2018
locodemy:
Ihedioramma.....come and answer questions on the heads of people you deceived on this one.
Lol...Una no serious
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 12:47pm On Mar 28, 2018
mendes911:
Diamond Bank Dividendhuh??
....beware
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 9:59am On Mar 28, 2018
Just observing...

It does appear "onegentleguy"s" recommendation on his "united nollywood company" grin may have some merit afterall. I confess I am not a fan of stock tips; giving or taking, but just doing this rejoinder cos i criticised his recommendation when it was made. I don't have any inside or proprietary information but have taken a closer look at the following

1. New products by UAC and its subsidiaries on supermarket stalls. Low price competitor to some of Nestle's best.
2. Emerging Paradigm change by management as it's now seeing itself as an agri- and food based company rather than a conglomerate
3. Shuttering of non profitable subs...a major divestment likely under way to follow UBA style share allocation
4. The slow but steady progress of share price not pulled up by bulls nor dragged down by bears

Just my opinion for reasons stated earlier. Not an invitation to buy or sell as my observations may turn out not to be correct.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX:
currentprice:
as someone post last week except you are ready to hold for very long time like pa Emma, Glaxo is overvalued at cp, I think there are more to that special dividend than what we know. based on the audited result, dividend declared is almost equivalent to the fair price of the stock. Soon we might see someone dumping to the biding and the rest will be story grin

If I have this stock I will just watch and sell before they force me to be long timer but if I don't have I will stay away for now to look for better fish in the mkt

grin grin grin
Something may indeed be cooking but in an atmosphere of uncertainty like you said, caution is advised.

My simple mind tells me that this is probably a one off dividend from the sale of their drinks business to Suntory last year. (https://ng.gsk.com/media/742125/shareholders-letter-3rd-june-2016.pdf)

My conspiracy theory mind remembers that the international parent tried to increase their stake through a tender offer a couple of years back but this motion was rejected by shareholders (https://www.ft.com/content/0f5597d6-f062-11e2-929c-00144feabdc0), [s]since GSK parent themselves could not vote their shares being the party involved[/s]. A lot of water has passed under the bridge since then. Could this be a cashout or an inducement? Only time will tell.....Meanwhile your advice up there should suffice for the wise.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 12:21pm On Mar 27, 2018
fxuser:
Fidson

- price gap up to fresh highs
- all green monthly candles since Jan 2017
Riding on some unconfirmed news that may turn out true. What do you say about the volumes though?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 6:56pm On Mar 26, 2018
Coolcash1:
The new price will be N25.,,,This is the calculation;

Lets assume pre-bonus shares is 1,000
Lets assume pre-bonus share price is N30
Bonus issue is 1 for 5

Therefore, we calculate number of bonus shares to be issued;

1/5*1000= 200 units
Total number of shares will be= 1000+200=1,200

Lets now calculate post bonus share price (Psb);

Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price

1000*N30= 1200*Psb
N30000=1200Psb
Divide both sides by 1200
Therefore Post bonus share price will be N30000/1200= N25/share.

So, the share price will be adjusted downwards by N5.
Another way to look at it is that 1 for 5 is a 20% stock dividend i.e. 1/5 = 0.2 = 20%. On the qualification date, Whatever the share price is will be marked down by 20%. If share price has risen to N40/share it will be marked down by N8. If price is N30/share it will be marked down by N6 etc.

Your investment thesis therefore is to forecast a likely share price by June 28, and then set a maximum entry price at or below 20% of that for the bonus to have any economic benefit to you. Don't forget other variables that can affect this simple model such as this is a very illiquid stock and you may not be able to sell after mark down, the bonus may take a while to get to you by which time the price may move further for, or against you etc.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 6:37pm On Mar 26, 2018
rationalmind:
I do understand this perfectly, what I find confusing is the "for every share of 50k".
That's the nominal value of the shares. Every share on NSE has a nominal value of 50k. Many private and unquoted companies have shares with nominal value of N1 per share etc but before listing they have to be broken up i.e. each share is split to create 2 shares with nominal value of 50k each. If the pre listing nominal value is N2/share, it has to be split into 4 before listing.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:03pm On Mar 26, 2018
millo:
Hello everyone, I have been off the radar for a couple of weeks. Any idea of time frame when Trancorp will release results?
Thank you.
This week....or next week at the latest.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:00pm On Mar 26, 2018
Mpeace:
When broker take him 2% I will now be left with only 3%. After two weeks.
If you annualize that 3% in 2 weeks, you get about 78% p.a but like i said earlier, your proposed trades, out and in, will give you more value in a 4 - 6 weeks time frame.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:55pm On Mar 26, 2018
Mpeace:
Guys pls hep me. In my quest to make easy 10% , I bought 120,478units of eterna @ 5.70. to sell at 6.27. since then it has refused to go up to 10%. I have now decided to sell at 6.14. NB before now eterna has been doing 6.30, 6.40etc. My offer is number one on the offer list. Pls someone should just buy it so that I can load more diamonds.
Everything about Eterna needs patience. If you wait for at least another month, you will get one at year high and the other at year low...patience.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:28pm On Mar 25, 2018
ukay2:
If i see those prices again in my life.....i will become billionaire.....

Regretting not liqiidating my NTBs when
UBA......2.8
ZENITH....8.0
GTB...10.0
NESTLE....700.0
DANG SUGAR...5.0
DANG FLOUR...1.5


These opportunities will never miss me again...

I know say you..currentprice, papa Emma, papa Wanajo, pluto, oracle. Feelamong, and other gurus then bought all the millions of units then..........i was a newbie then.....chai......men don hammer for this NSE
You don't have to wait for these particular stocks. There are similarly good or better opportunities currently in the market. Open thy eyes to look and make sure you see....
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 12:18am On Mar 24, 2018
emmanuelewumi:
Can you share a link to this, because Sunny Nwosu is the new Chairman of the company.
http://www.rtbriscoe.com/board.html
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 8:17pm On Mar 23, 2018
emmanuelewumi:
We invest on the basis of relevant information and not just on the basis o price movement
Correct!
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 8:16pm On Mar 23, 2018
emmanuelewumi:
He is not the owner of RT Briscoe, he worked as a sales man at RT Briscoe between 1968 and 1970 before starting Elizade motors in 1970.

Chief Ade Ojo is far bigger than RT Briscoe as we speak. He currently owns 925 million units of Custodian and Allied insurance shares, a dividend of about N266 Million from just a company is more than enough to have a great Easter
Chief Adeojo owns over 22% of RT Briscoe through MikeAde Investments. He is largest individual shareholder and is represented on the board by his daughter Adeola Ade-Ojo.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 7:17pm On Mar 23, 2018
robobo:
as said earlier wld take a deeper look at the big four later (9-5 job is quite tasking). for now just looking at the obvious (figures) and noting key take aways (which cld change with deeper dive). that is why i said i wld appr8 ur perspective.


However as u am also concern by the sustainability of the banks profit going forward that is why my quick check is zeroing in on the key line income NI vs Trading (tbills and fx derivative) as a rough guage of how sustainable their result are
Banks with street smart managers will make money most of the times because they see opportunities many seasons before others do. In 2016 they made money on FX and people were concerned about 2017. In 2017 they made money from Govt. securities and people are concerned about 2018. In 2018 they will most probably make money from loans granted to the premium borrowers while the usual laggards will come mid year or last quarter and create loans that will go bad.

In business school, they thought me to take courses based on professors and not course contents. Forget the bank names and invest in managers that have a track record and system of making money in this market. If they stumble, it will hardly be material.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 7:10pm On Mar 23, 2018
robobo:
That is the discipline the likes of Ade Ojo (Elizade ) can bring into a coy. im not sure if he is still there though

my phobia for insurance didnt make me pay it too much attention which might change soon if i get the time to scan through its books for some years back
@Bolded....Discipline really? What happened to his own company RT Briscoe? How did it turn out? He is still in Custodian though.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 7:08pm On Mar 23, 2018
ogedanny:
We have launched a live stockmarket chatroom for everyone to follow live trades and analysis from top traders.


Click here - http://nigerianstockstobuy.com/stock-market-nigeria-forum/
@Bolded....Noise to be avoided by all means to maintain sanity and actually make money from this market.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:55pm On Mar 23, 2018
Agbalowomeri:
Depends on the volume of cash you are playing with
Annualized ROI should be a good starting point. Volume neutral. My personal guide is to invest not more than 10% of SM funds on any one stock. I;ve left some good value on the table sometimes but have also escaped some massive losses and depreciation.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:17pm On Mar 23, 2018
emmanuelewumi:
UBA will declare between 70k to 80k,
55k to 65k
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 1:07pm On Mar 23, 2018
Yayira:
I want to start buying illiquid stocks now
If that is your strategy, refine it well and stick with it. You will be surprised at the results illiquid stocks can give you. One of my best returns from a single stock ever, came from Livestock Feeds....before acquisition by UACN. Before then it was not a very liquid stock. Its all in the strategy, some patience and being immune to noise.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:34pm On Mar 22, 2018
GTay:
New IPO listings could boost market liquidity

According to the Executive Director and Co-founder of Sahara Group Limited Tonye Cole, the Nigerian energy conglomerate has revived its plans to take on an Initial Public Offering (IPO). The purpose of the IPO according to the founder is to provide capital for the company to achieve its target of increasing its oil production by four-fold to 100,000 bpd. We recall that the company had initially planned to list in 2015 but refrained due to unfavorable market conditions as well as lower crude prices. However, the recent equity market recovery, improving macro-economic conditions, and most importantly stable crude oil prices have revived previously shelved listing plans. Although Mr. Tonye Cole did not provide a timeline or give an indication on the offer size, we highlight that in 2015, the company was looking to sell as much as 25% of its business for $600 million. We note that this is one of two potential listings soon to be done on the NSE, the second one being MTN Nigeria which is scheduled for the second half of 2018. We expect the IPO to further deepen the equity market – providing more investment opportunities as well as market liquidity.

Via: Vetiva Online

This looks promising for the market cool
Money for 2019 Tinz
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 12:30pm On Mar 22, 2018
Yayira:
grin grin how about UBA ?
E go show today or tomorrow. Tighten your belt.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 12:28pm On Mar 22, 2018
It struck me that there are many intelligent and intellectual folks here that going by there contributions to NSEMPA may have a lot to contribute to a more robust exchange. I am therefore asking for your contributions to the proposed rule below and a couple of others to be sent soon. You need to click a link in the letter to view the proposed rule or just go to NSE website

http://www.nse.com.ng/regulation-site/IssuersRules/Proposed-Rules-for-Listing-of-Special-Purpose-Vehicles-SPVs-March%202018.pdf


***Disclosure: I neither work for NSE nor any affiliated company/institution. I am a very very retail participant in the NSE.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 10:26am On Mar 22, 2018
Access Bank-----Bleeding lipsrsealed lipsrsealed
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 8:50am On Mar 22, 2018
Agbalowomeri:
And the analyst still gave a buy recommendation upon all the deterioration
That's why i always advice people to treat analysts opinion with caution. Read for information purpose only and to resolve any divergence from your own research. For all you know the analyst may work in a company that is the market maker for Access.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 8:47am On Mar 22, 2018
• Access Bank Nigeria Plc (ACCESS) released its FY-2017 results at close of trade today, showing growth in Gross earnings in the year by 20.39% to NGN459.08 billion – short of our estimates by 5.71%. PBT (-11.36%) and PAT (-13.23%) declined to NGN80.07 billion and NGN61.99 billion – missing our estimates by 17.16% and 19.28% respectively, and were below Bloomberg’s polled estimates by 12.41% and 16.26%.
• Interest income (+29.35% to NGN319.85 billion) increased at a slower pace than Interest expense (+44.63% to NGN156.40 billion), resulting in a 17.47% increase in net interest income, lower than the 32.04% rise recorded in the previous year.
• As a result, net interest margin dipped 40 bps to 5.80%, from 6.20% in the previous year. Asset yield was 11.30% from 11.10% in 2016, while cost of fund increased to 5.10% from 4.30% in the previous year.
• NIR inched higher by 4.26% to NGN139.14 billion, supported by the surge in forex income to NGN107.93 billion, from NGN3.60 billion in the previous year, as well as marginal improvement in net fee and commission income (+3.16%). Both muted the significant declines in net trading (-160.68%) and other incomes (-59.80%).
• The decline in net trading income follows a 178.38% downturn in return on derivative instruments, which dropped to a loss of NGN39.27 billion, from a gain of NGN50.11 billion in the previous year.
• Provision for credit losses was higher by 57.0% at NGN34.47 billion – 63.29% higher than we expected. Accordingly, cost of risk increased to 1.70%, from 1.30% in the previous year. CAR dropped 140 bps to 21.10%, but remained well above the regulatory requirement.
• The increased loan loss provision matched the 270 bps increase in the NPL ratio to 4.80%, against 2.1% recorded in the previous year.
• Opex growth increased to 17.31%, from a 10.13% increase in the previous year, driven by a 23.02% and 20.82% increases in other operating expenses and depreciation and amortization respectively.
• Although tax expense was 4.33% lower in absolute terms, the effective tax rate increased by 271 bps to 29.17%.
• Over Q4-17, the top and bottom line performances were poor, with Gross Earnings (-20.25% q/q, -11.49% y/y), PBT (-65.67% q/q, -60.94% y/y), and PAT (-66.97% q/q, -60.99% y/y) posting declines. All three line items came short of our estimates by 22.75%, 69.84%, and 72.57% respectively.
• Net Interest income (+9.23% q/q, +28.08% y/y) increased to NGN41.98 billion, despite decline in interest income (-11.89% q/q, +11.96% y/y), as interest expense (-29.72% q/q, -3.90% y/y) dipped at a faster pace.
• NIR declined by 40.89% q/q and 49.89% y/y, owing to decrease in forex income to a loss position of NGN8.52 billion in the quarter, from positive positions of NGN57.43 billion and NGN57.29 billion in the previous quarter and same period in the previous year. Net trading income also plunged 120.81% q/q,a and 118.97% y/y during the quarter.
• Loan impairment provision surged by 779.43% against the previous quarter to NGN21.64 billion, and was 125.05% higher than the same period in the previous year.
• A dividend of NGN0.65 was declared, unchanged from the previous year, and yielding 5.53% on today’s closing price of NGN11.75.
• ACCESS’ unimpressive performance is likely to trigger selloffs in tomorrow’s trading session, similar to investors’ reaction to its peers (despite broadly impressive releases) last week.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by TLAX: 8:45am On Mar 22, 2018
***ANALYST OPINION, NOT MINE***


Access Bank Plc


Action/Event: Access has released audited FY17 results showing a 13% y/y decline in EPS, driven by higher loan loss provisions and operating expenses. The numbers were below our estimates by 23% and below consensus estimates by 17%. The bank proposed a total DPS of 65 kobo (40 kobo final), also below consensus expectations of 72 kobo.

Asset quality deterioration is behind but catching up with industry: Credit losses increased by 57% y/y, which we attribute partly to provisioning to its 9mobile exposure, as banks with exposure to the name have had to take provisions on the name. Cost of risk increased to 1.7% from 1.2% in FY16 but lower than our expectations of 2%. The bank took additional provisions of N21.6bn in Q4:17. We expected higher impairments as the bank had been behind the curve in provisioning when compared to peers. As at 9M17, cost of risk stood at 1%. NPL ratio increased to 4.8%, ahead of our expectations of 3.5%, vs. peer average of 6.2%.

NIMs declined y/y by 40bps to 5.8%, reflecting an 80bps increase in cost of funds to 5.1% during the period, as yield on assets increased by 20bps. Customer loans increased by 10% y/y and 12% in Q4:17, which we attribute partly to currency revaluation as most banks moved from the CBN rate to NIFEX rate of around N330/USD.

Cost efficiency remains below peers: Operating expenses also increased by 9% y/y, as cost to income ratio increased to 62% from 58%. This was worse than our expectations of 58.9% and peer average of 45%.

Derivative gains drive non-interest revenues (NIR): NIR remained positive, driven primarily by derivative gains, posting net foreign exchange trading income of N120bn. Q4:17 NIR performance was weak, declining by 41%, as the bank made foreign exchange losses in Q4:17. Sustainability on income from derivatives remains a concern, as conditions that favoured such transactions are fast changing. Nevertheless, Q4:17’s trend of fees and commissions which we see as customer generating businesses increased by 33.5% when compared to Q3:17, which could be an indication of increased economic activity, a trend we will watch in Q1:18. However fee and commission income was flat y/y.

Valuation: We have a BUY recommendation in Access Bank with a TP of N13.71, however GTB and Zenith remain our preferred picks within our coverage, given stronger operating efficiency and less risk of further asset quality deterioration when compared to peers.

Results conference call: The bank will host an audio conference call for analysts and investors on 26 March 2018 at 14:00 hrs Lagos (9:00hrs New York, 13:00hrs London, 15:00hrs Johannesburg). See full details on page 3.

1 2 3 4 5 6 7 8 ... 16 17 18 19 20 21 22 23 24 (of 32 pages)