₦airaland Forum

oya ghen ghen

So OANDO that is trading for 3 Naira has paid dividend of over 23 Naira over the years and no dividend since 2014.

Am interested in buying bitcoin and selling it abroad so i can use funds to import medical equipment.

i have heard this can help me from losing money in forex movements and because bitcoin is rising, i can even gain in foreign country once i sell bitcoin when am abroad.

how can i do this - pls guide me pros in the house.

since they like to change vehicle every year and chinese dont last long i support it

good for them. in this economy haba

bigjay01:
EasyKobo is not superior to NSE na!

Oya make I ask you, which one do you believe?

The forces of your submissions are always very palpable. I feel very sorry for those that take every analysis here as gospel!

Bros Easykobo na gospel

If u know u know

Dec 31 (Lagos) - As the year winds down to the last trading day it is time to reflect on the months gone by. 2019 was a difficult year for stock market investors in Nigeria. The market remained under a bearish sentiment for most of the year. We got a few trickles of hope here and there but it always ended badly. At the same time there were couple of stocks that notched up +100% gains while a whole basket of stock that declined sharply with many hitting multi-year lows. Lets take a look at best and worst stocks of 2019.

Best stocks of 2019

1) Dangote Flourmills Plc ( DANGFLOUR ) - The company was acquired by crown flour mills (Olam) and as soon as the news came out of their interest the stock started rising up like a phoenix. The stock saw a 270% gain which saw its shareholders laughing to the Bank throughout the year. If you invested in this stock, it was a beautiful year and you were untouched by all the bears in the jungle. Olam agreed to pay N 120 billion for 5 billion units at N 24 per unit. This success story had nothing to do with increase in sales or net profit, it was purely an acquisition story.

2) C&I Leasing Plc ( CILEASING )- This stock has been a huge success story of the past 2 years, especially for ones who sold when the stock rose to above N 9 per unit earlier this year. The company has been reported positive numbers and announced a dividend also which failed to excite analysts. However, the company decided to bring in a rights issue following which the stock prices started coming down and is down more than 40% from highs of the year. The stock is currently trading well below the rights issue price of N 6 per unit.

3) Cornerstone Insurance Plc ( CORNERST ) - Yes an Insurance stock finally made it to this annual list. Cornerstone Insurance stock was beat down to 20 kobo per unit after the 50 kobo rule. Now it is at 41 kobo so that is how it made it to this list. Shareholders of this company saw their stock remain at 50 kobo levels and they saw it getting destroyed to 20 kobo levels. Maybe they will be breathing a sigh of relief now with hope that it will continue to rise. Insurance stocks as a whole saw some life return to them but these stocks trade at valuations that you give to companies that cannot be trusted. Cornerstone decided to sell its head office building in Victoria Island following which the stock price doubled. The Company recorded a N 3 billion gain on fair value changes in financial assets which was related to gains they recorded in their investment in shares of MTN ( MTNN ).

4) A.G Leventis ( AGLEVENT ) - Similar to no.3 this company's stock price fell to 24 kobo per unit and then regained 55 kobo levels and that is all it took to make the list of best stocks of 2019. That is how poor the year was for stocks. The company is de-listing from stock exchange and going to be private company in future. When the shares are transferred each shareholder will receive 53 kobo per unit according to their scheme of transfer of shares. It worked out well for shareholders after all to receive 53 kobo instead of seeing their shares trade at 25 kobo levels like they were. Company reported loss of N 904 million for the first 9 months of 2019.

Now let us take a look at the worst stocks of 2019. This basket is over-full as a result of the bearish grip on the exchange in 2019. Even some of the best companies performed badly in 2019.

1) International Breweries Plc ( INTBREW ) - This was one of the best stocks of 2018 but gave up all those gains and then some in 2019. From trading near N 60 per unit in 2018 now it is trading at N 9.5 per unit down almost 70% for the year. The company reported loss of N 16.4 billion for the first 9 months of 2019 while their top line sales zoomed to N 97 billion in that period. In October the company announced a rights issue at N 9 per unit. That is where the shares are at about now.

2) Goldlink Insurance Plc ( GOLDINSURE ) - Company finally reported its annual result after missing the reporting deadline multiple times and released statement saying there were issues in auditing during 2016 and 2017 which led to the delay. They reported loss of N 275 million for year ended March 31 2019. The annual report looks suspicious to say the least as their income statement looks like that of a manufacturing company than an Insurance Company. The MD of the company resigned this year as well. The stock declined to 20 kobo levels and we have to say that we cannot always blame the market for punishing Insurance stocks. There are Insurance companies operating in Nigeria which do not observe corporate governance standards that are expected from such companies.

3) Glaxosmith Kline Nig Consumer Plc ( GLAXOSMITH ) - Shares declined to five year lows after company decided to outsource manufacturing to FIDSON as part of changes in their operating model. Shareholders were not impressed, and the sentiment changed to negative following pretty good couple of years when the company sold its Ribenna drinks division to Japan's Suntory Group and announced a special dividend. Shares were well above N 20 during those days.

4) Guinness Nigeria Plc ( GUINNESS ) - Another brewery on this list for the year. The company seems to be finding it difficult to appeal to consumers who are squeezed due to effects of recession and high inflation. Quarterly results kept disappointing investors. Share are down 58% for the year. Now that is more bitter than what they brew.

So those were the best and worst stocks of 2019. However there are three others that must be mentioned on special invitation for 2020:

1) Access Bank Plc ( ACCESS ) - The merger with Diamond Bank Plc was the highlight of 2019. They created a commercial banking giant in Africa. Shareholders of Diamond Bank Plc were handsomely rewarded by Access Bank while some analysts thought they over paid. Whether they did or not, shareholders of Access Bank reaped the rewards of the deal with the stock price climbing sharply in the third quarter to above N 10 levels. The stock doubled but gave some gains up as a result of profit taking. On the watchlist for 2020 for sure.

2) Unilever Nigeria Plc ( UNILEVER ) - The company reported disappointing quarterly results throughout the year and as a result its stock price was heavily punished. The stock has gained more than 30% to the lowest levels it hit but still down significantly for the year. Investors should keep an eye on this one in 2020 because this stock is one of the first stocks that foreign investors look at when they start looking at Nigeria as an option for investment. Those that bought in previous month are already sitting on pretty decent gains.

3) Dangote Cement Plc ( DANGCEM ) - Nigeria's most capitalized company was punished for less than exciting quarterly results. Another company that investors should keep an eye on in 2020.


The Economy – Nigeria’s economy on the whole continues to be under dark clouds as a report by ratings agency Fitch gave a very negative assessment and was picked out by some of the top analysts in the country who also shares it widely on whatsapp groups and created more negativity.

They spoke about the need for a devaluation of Naira eventually and the cost of running government along with the borrowing. Then the former President came out and spoke against all the borrowing that the government is undertaking. He did not speak a word on all the funds mismanagement under his regime and why there is no light despite billions of dollars his administration spent on it.

All these things are increasing the negative sentiment which already exists internationally about investing in Nigeria. That is something we need to break out of in 2020 if we are to see gains in the stock market.



reporting for easykobo.com on Monday, December 30 2019 from Lagos, Nigeria


https://www.easykobo.com/News/21718/Best-Worst-stocks-of-2019

Ok what a great achievement

Yes saw on Easykobo earlier good job by nse to clear the air on all this manipulation allegations.

Seriously how is watching this nonsense going to get you anywhere in life

For stock market stuff you need to hit www.easykobo.com



Join the community and benefit from it. Pls note Easykobo is not a stockbroker it is a community of investors.

follow easykobo website to stay on top on money matters ...share ideas with other investors and gain from stock market knowledge.


no point wasting time on above matters.

nice!

tired of hearing this babes name but how come no real issues make FP these days.

May 1 (Lagos) - Aluta won the Easter Bonanza stock trials competition which ended on April 17th but it was very close contest as Badmus gave him tough competition right until the final day.


Stocks trials is a virtual stock market competition on easykobo website where you are given N 100 million virtual money and you buy and sell stocks to get the highest return on Investment in a given time period. It is free to participate and you can learn how the stock market works by participating in this competition. Next competition is supposed to start later this month.


Aluta secured ROI of 17.98% while Badmus finished on 17.68%, that's how close it was. This is a testament to how far easykobo stock trials has come over the years in investor empowerment and our recently rolled out Version 2.0 adds a social media integration on the platform which connect investors and traders from Nigeria.



Let us hear from the winners and find out how exactly they achieve such a high ROI at a time which can be safely described as very bearish. We spoke with the winners via email.


1) Who is Aluta, where are you from, what do you do?

my name is chikezie nwachukwu, I am from Abia state,presently in business. I am 36 years old.

I am glad to be the latest winner of your game.to start with,big ups to Mr badmus for a good well fought game.



2) What strategy did you use to get such a high ROI and what stocks did you buy?


My strategy is to focus more on low cap stocks with a p.e ratio of not more than 10. I realised that the periodconsideration for the game is short,so using fundamental analysis may not work fine because stocks takes time to reveal their full value.so I picked a fundamentally good stock,then I used trend analysis.

easykobo historic price trend of stocks helps a lot in technical analysis. Some of the stocks I bought were fidelity, fcmb, sterling , transcorp, zenith, gtb, access bank,and chams(for speculation).

1.ROI of 17.98 is not an easy task,we noticed that consistency pays, if you can pull a trade of 0.5% gain today and another 0.4% tomorrow,then you are on track.


3) What advice do you have for young investors out there?


speculation is not good for the body oo, and no matter how sure you are before a trade don't go in 100%.


4) What advice do you have for easykobo?


I have been using easykobo for 3 years now, as I said early, I have never seen anything like your historic trend where you give us daily price of stocks dating back to 10 years! It is the best in Nigeria


We once again congratulate Aluta for participating and winning the Easter Bonanza Stock Trials Competition.


Mr. Badmus Kehinde as mentioned earlier finished in second position and narrowly missed out on winning again as he did in 2015 stock trials. At that time he was in UNILAG so let us hear from him.


1) How did you manage that 17.68% ROI in a bearish period of market?


"In both bearish and bullish market there are always opportunities,in a bear market you search for stocks that have gotten to their lowest low or almost and that stock must have positive results but due to bearish sentiment s in the market it get low ,you can also position in stocks that have bounce from loss position to profit because speculators tend to watch for that stocks,


2) What is your advice to new investors out there?


My advice for young investors is that they should use easy Kobo platform to learn about how to trade in stocks ,with the believe that they are using their real money and not virtual cash, because it will give them good understanding about how the market works.



We congratulate you on your performance and wish you all the best in future investments.


The next season of the stock trials will start later this month so time to start sharpening your investment skills.




https://www.easykobo.com/News/21322/ALUTA-won-closely-contested-stock-trials-Easter-Bonanza

Oh boy this used to be the jam those days Kimani killing show immediately

femi4:
Kimani killing show


https://www.youtube.com/watch?v=FowhfVTyB3c

complete result from todays Primary Market Auction as per easykobo



link is here https://www.easykobo.com/News/21107

Who you wanna vote again

flowmama:
Op is not serious...

Answer me please, how many people vote, where is the link to the voting and why does poll concerns you so much when election results are already in?

Just adding to the election discussion another perspectives.

But this perspective is from a financial website so mainly educated ppl.

It will be fascinating to see how it differs from actual result or maybe it will be in line with real result.

APC is leading by a big margin according to an opinion poll which was held for last month on www.easykobo.com website.


you can see results live and also vote in the opinion poll still.


this message is for info purpose only. elections already over so just discussing results of opinion poll.


so do you think this result is real or the actual result of the election will differ from this one?

PMB has won already looks like it.

results from online opinion poll from easykobo.

this election apc is winning. see results from opinion poll on easykobo

APC is winning.

see results of 1 month opinion poll from easykobo website.

easykobo freshair

Jan 2 (Lagos) - As we begin 2019 on fresh hope of revival in the stock market, let us take a look back at what were the best and worst stocks of 2018. Looking back can often offer valuable insight into what to expect in future especially when it comes to investment cycles and sentiments. 2019 is an election year so no doubt it will be compared to 2015 and 2011 by various analysts.


2018 behaved just like 2014 as both were pre-election years. Both times the market rallied furiously at the beginning of the year for a period of less than 1 month and then gave up all the gains for the rest of the year. By the time these years ended, investors were left in a hopeless situation of financial losses.


So let us begin with the five best stocks of 2018


1) CEMENT CO. OF NORTHERN NIGERIA PLC ( CCNN ) was the best performing stock in 2018, gaining 104% year to date and closing the year at N 19.40. However, the stock closed
38% below its year-high of N 31.35 which was achieved in July.

While biggest Cement Company's stock DANGCEM struggled and second biggest Company WAPCO got slammed, this Company lead the sector. This year could yet be the best for the stock given its small size and float and positive investor sentiment not to mention the 38% decline in stock since July. We will be expecting the stock to recover those losses this year.


2) Unity Bank Plc ( UNITYBNK ) - The smallest Bank of Nigeria was the leader of banks on the stock market in 2018 rising by 101% however we should consider the long term view as far as this stock is concerned.


Almost 5 years ago, this bank carried out a rights issue followed with a reverse split which increased the stock price from 50 kobo per unit to N 5 per unit as a result of reduction in shares outstanding by 90%. So the price we see today of N 1 per unit is equivalent to 10 kobo per unit on pre-split value. Basically shareholders have lost 80% in last 4 years as various corruption scandals unfolded at this bank. Also the Bank has not paid any dividend for as long as we can remember.


Going into 2019, we can expect the stock price to rally based on rumors of mergers and acquisitions just like in 2013 period. Who knows maybe this time someone will actually buy them out ? Even if the stock rises, we will choose to stay out of this one given our high corporate governance standard requirements before investing in any Company.


3) STERLING BANK PLC ( STERLNBANK ) - This mid-size Bank made some positive waves in 2018. A new CEO, a new outlook and aggressive marketing that cause mind share were a few things that stood out during the year. The stock rose 75% in 2018 and is still undervalued by book value like all other banking stocks in Nigeria.


We like this stock because it has significant holding from one of the biggest banks of the world, the State Bank of India (SBI). That arguably makes this the strongest bank of Nigeria but the Bank chooses to underplay that foreign interest and not many people know about it. SBI is a powerhouse Bank with a market cap of USD 38 billion which is almost 90% of Nigeria's foreign reserves.


All in all, Sterling Bank is a solid Bank and if this stock falls from current levels, it should be bought.


4) NEM Insurance Plc ( NEM ) - The only Insurance stock in top 5 best stocks of 2018 the stock was up 62% during the year. This surprised everybody because investors in Nigeria tend to dis-trust Insurance stocks and for good reason. Past experiences of investments in Insurance sector have been disappointing.


The stock grew because they increased their dividend payout on top of excellent growth in financials. While other Insurance stocks like AIICO could not keep their gains, this stock did. Going into 2019, we should expect the stock to remain stable and not lose these gains because that would bring a sense of deja-vu to the investors. The stock was up a lot more earlier this year but it is that expectation of deja-vu in Insurance stocks that evaporated the gains.


This Company could also attract investment from International Companies as there are reports of International Companies looking to acquire Nigerian Companies. That reality should keep the Insurance sector buzzing in 2019 so look for quality stocks in this basket as most of the apples in this basket are rotten.


5) Learn Africa Plc ( LEARNAFRCA ) - This Company publishes textbooks for most of Nigeria's schooling system. Chances are you have used a lot of their products growing up in your schooling days. This is a small Company but it has a clean balance sheet and paid a dividend of 14 kobo per unit last year thats better than a lot of what bigger Companies offer to their investors in Nigeria. We feel this Company can do a lot better in time to come.


Given the P/E of under 4 and Price/Book ratio of 0.3, we would be comfortable in holding this equity. Not a lot of this stock is traded so there must be high insider interest and that could be a factor to be considered before deciding to invest here.



Now let us take a look at the 5 worst stocks of 2018 and whether they can turn around this year.


1) LaFarge Africa Plc ( WAPCO ) - The cement manufacturer has notified public about their upcoming rights issue which would be second in a short period. Also it would be sharply below the price levels of the previous rights issue of 2018. So investors who participated in previous rights issue got a very bad deal and are about to be diluted further. With already 8.67 billion shares outstanding, the Company is increasing that number at an alarming rate for existing shareholders.


Lafarge is a largest cement manufacturer in the world but its Africa operations listed in Nigeria are under pressure and the N 15 billion loss of 2017 is tough to comprehend.


The stock lost 72% in 2018 and is due for a rebound, but given the rights issue it could take some time so better to wait and watch for now.


2) AG LEVENTIS & CO PLC ( AGLEVENT ) - The stock declined 61% in 2018 and fell below the 50 kobo level following the removal of the 50 kobo rule. Currently the stock trades at 27 Kobo per unit.


The stock could bounce back given how much it has declined this year. But overall nothing much exciting here. Company reported loss in its 9 month income statement which intensified the decline in the stock price. Company also posted loss in 2017.


3) McNICHOLS CONSOLIDATED PLC ( MCNICHOLS ) - The stock lost 60% in 2018 and the market cap of this food manufacturer stands are N 140 million now. Given the competition in the sector and the lack of any credible outlook, and PAT of N 49 million, the Company does not have much to return back to its shareholders at this moment. Future sales are the only catalyst for this stock and until that shows in results its better to stay away for now.


4) AFRICAN ALLIANCE INSURANCE PLC ( AFRINSURE ) - Trading at 20 kobo per unit, the stock has lost 60% in 2018. The company does not pay dividend. Only way this stock going is going to rise is if results improve, dividend policy is put in place or if international investors decide to buy this stock.


Last is not likely because international investors are likely to go for quality names. Given a chance we will not buy the stock even at these levels and will not regret our decision even if the stock rises. This company claims to have 55 years of experience on its website and yet does not pay a dividend and has a market cap of only N 4 billion.


In our opinion NAICOM needs to do something about such Companies operating in the sector. Mergers in the sector are important to have strong Companies so that investors take the sector more seriously.


5) Chams Nigeria Plc ( CHAMS ) - Another victim of the 50 kobo rule like its predecessor in this list, the stock has lost 60% in 2018 and currently trading at 20 kobo per unit. Such Companies enjoyed the 50 kobo rule till it lasted but now their net worth is more clear and this Company is worth less than N 1 billion given the current stock price.


Company reported loss of N 1.2 billion in 2017 which led to the steep decline in stock price. In our opinion the stock exchange needs to have some minimum standards on valuation of Companies to remain listed.




In 2015 after the election result was announced, the ASI rose so sharply that the time was called Bullahari. However the next 4 four years have been disappointing due to deep recession, currency devaluation, policy flip-flops etc.



Let us hope that 2019 elections bring the kind of rally that lasts throughout the year and begins a long term bull market that Nigeria deserves and requires.


The currency risk that exists is something that will keep foreign investors guessing as indicators point towards another devaluation on the horizon. Hope the government can prove the doubters wrong and look forward to a good 2019.




https://www.easykobo.com/News.aspx?id=21047

RIP

Happy New year everybody..

below are results from todays primary market auction and link is here https://www.easykobo.com/News.aspx?id=21046

THE RESULT FROM TODAYS PRIMARY MARKET AUCTION LINK IS HERE https://www.easykobo.com/News.aspx?id=20983

Mizwisdom:
Does this mean secondary auction is next week?

secondary market is open everyday but there could be OMO auction on Friday also...

RESULTS FROM TODAYS PRIMARY MARKET AUCITON .....LINK IS HERE ...https://www.easykobo.com/News.aspx?id=20939