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YMcy56's Posts

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:23pm
Boshins:
Japual @ 1.83 was a cherry pick..
Honestly!
E get 4 of them wey dey Waka together like twins...Lol
JAPAUL and CHAMS,
UNITY and JAIZ

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:15pm
Streetinvestor2:
It is not really inconsistent government policy because they already signalled it will happen......
The FA of quoted companies has always been the koko when we joined this business many moon ago..why didn't the same monetary policy perform wounders during pmb tenure in the stock market at low rates.
We are told the stock market is a reflection of the macroeconomic of a country .And naija is definitely heading for better days.
You made some valid points here though.

What still baffles me was the correlation btw stock dumping and the measures taking to curb inflation....
I'd thought it should be the other way round......i.e. market is supposed to respond positively to NGX, just like investors will respond positively to other instruments.

I understood many may want to take the funds to more stable instruments but, isn't the rate also a positive one for the economy if we look at it as a means of improving the economy too?

I be newbie and na evening school I go, not a financial student grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:47pm
ndept:
A whole Iyaloja General grin. Fear Not. You are always up to the task

Seriously sha, the government is fond of coming with one policy or the other to depress market for just a little while. Remember CBN policy was released at interval after Q2 result that depress market for a day or two. But then, heaven will not fall, market will still weather the storm somehow.

Just like I said yesterday, we should always try to study market breadth to know when to buy and sell sha.
Lol. You just said it in above post
Inconsistent Govt policies. The other time it was TBills issue, this week's own, MPR rate palaver... grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:44pm
DUNKA:
It is well madam this one wey even the Gurus dey fear grin
Lol. Lots of gbelo gbebo in the market.
If to say you asked when market first open....
But if you don't mind picking NASCON @54/55 or Sugar @ CP sha....OR keep eye on the price mvmt from there...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:36pm
KarlTom:
Nothing is as painful as seeing an insane deal and no funds... undecided cry
Honestly!! angry
...I was looking at quite some stocks when market opens and just wishing in my mind!

Imagine ACCESS @16 something....
ZENITH 31 something.....
FCMB @7.20 or so
SUGAR@50
Even JAPAUL 1.83.......
Quite a lot

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:32pm
DUNKA:
Abeg which stocks do you recommend for now wink
My Oga, pls let the FA/TA gurus give us a pointer on this....
This market dey fear me to mention anyone o.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:24pm
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:08pm
ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/40402_LAFARGE_AFRICA_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2024.pdf

Dividend of N1.90k from pioneer profit and not subject to WHT
Nice one!
Market is reacting positively to it

That's why it's difficult to time this market!
Chai! And some people still buy this stock @28.80 earlier........was even on full offer then....

UBA now @22.50 ....Up with +N2

It means ZENITH @31 earlier was cheap!

MTNN @220 intra-day......was selling intra-day @202 or so yesterday and earlier today!

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:51am
SUGAR trying to make U-turn now
Very annoying something...... don't know why MM allowed it to fall that much. sad

Quite some stocks moving to Green zone......

UBA and ACCESS on 🔥
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:30am
Deadlytruth:
I thought I am the only one who noticed it. When one looks at its resilience against its scary OS, it becomes clear that there is something big likely to happen about it soon.
Something must be brewing in TRANSCORP....
It refused to participate in yesterday's dumping and refuse to close on full offer!
The volume buyers are in market already again....


Meanwhile, ACCESS @18 from 16+!! shocked
UBA now @21.50 from 19+
FBNH @27
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:06am
Willie2015:
Expecting to see some level of green...
Today is EOM... grin cheesy
Some stocks are already making U-turn.....
Let's see if it's too early to say this.

* The banks are becoming defensive...
* MM defending NESTLE
*TRANSCORP: Volume buyers already resume again..

**Caveat: Pls do not take as any form of advice. You're the CEO of your portfolio**
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:44am
OANDO from N9 is sighted back @10.45
Battle for the soul of OANDO.....
Peter will come and tell us how he exited the ones he bought at 10.95 and reloaded @9.

GTB seems to have turned it's back against the bear.......true or false? We'll know as market progresses..... smiley
.

1 Like 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:33am
To quote some people get as e be o.
Make b.o.t. no come ban me... cheesy


When some Ogas finish loading, they'll come and tell us how charts are turning +ve and fish out good news. lipsrsealed
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:49pm On Feb 28
Streetinvestor2:
The prices you are seeing from dollars now is not from genuine business men.it is from speculators and corrupt government officials hoarding it.They go soon tire
Exactly!
It's from speculators, those FX/Binance guys and hoarders.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:30pm On Feb 28

2 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:30am On Feb 28
Streetinvestor2:
Oga is my opinion. Make your own post don't quote mine.If I like let me deceive myself. It is my money
You don come with your vawulence again....
No gree for anybody. grin


Meanwhile, there's a lot of Cross Deals ongoing in TRANSCORP @13......
Anyone wey get this, make you no quick to press sell button o.....those guys may be after something....
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:52am On Feb 28
KayOn1:
Ftn Cocoa +9.74%. Wao!!!
COCOA no one send anyone.... grin

Quite some buys amidst the red....
Some stocks reversing the shedding small small

What CBN did was expected in my opinion......
Some Ogas have analysed these things here.....Na only God go help us for this country.

More bids showing face in some stocks at bargain junctions...... SUGAR, TRANSCORP back @13, more bids vs. offer in ZEE.....
* These ones now buying to pressure. It's well*
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:50am On Feb 28
@Streetinvestor2 dey don unban you... smiley
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 9:57am On Feb 28
unite4real:
The NGX may not behave worse than it is as the news of the MPR is not unexpected. Judging from the last rates increase from the fixed income space, investors already knew what was coming and the stock market already has reacted to that before now....
Don't mind that Oga Mashai, he don come again.... smiley
He wan buy UBA for N5 and ZEE for N10....lol

So all those sell off we are witnessing before now, we don't think some people already got hook of the news before now? Or that investors already envisaged it could happen?

Anyway, we will leave it for Mr. Market to decide

2 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:36pm On Feb 27
FBNH got close to ZEE and retraced for the 2nd time......
The Elephant may still stage a comeback again in near future. Some strong forces seems to be behind the wheels. Lol.
Na my amateur opinion oo. wink
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:19pm On Feb 27
lionshare:
whats driving airtelafrica? Any ideas
Share buyback.
Didn't you notice that it was on full bid for days, even with the dumping that happened in early Feb.
Those inside no wan sell..... smiley
https://techpoint.africa/2024/02/01/airtel-africa-eyes-share-buyback/#:~:text=Airtel%20Africa%20Board%20has%20announced,run%20for%20over%20a%20year.

vacanci:
airtel Africa?
The one with just 19 deals and price did not move as of now?
If na you, you go sell?
Something wey start the journey from circa 1200, 1090 or so self...… smiley
Chai!! In less than 4 mths or so, AIRTEL is delivering+100%!!
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:34am On Feb 27
megawealth01:
GAME
Looks like one entity is offloading SUGAR and SALT....
Their motive is still unknown but with realities on ground, bargainers too are picking as he's dumping.....
Quite some cross deals as well...

We've witnessed this type of scenario before.....once they're done offloading, road go clear....
* One thing is that, if one big Oga needed it at a particular price, they'll find a way of dragging the stock to that junction in order to buy for him/her.

TRANSCORP too is getting lots of attention in the market....

** More cross deals in DANGSUGAR @60.05**

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:34am On Feb 27
BUAFOODS sighted at above 400 intra-day? shocked

I think Sugar/Salt is presenting a good opportunity for those who can wait and be patient.

We don dey talk this thing here now, when market is battering both, when it takes off, someone will now come out to ask if it's good for buy....
My ogas are there to answer, make dem count me out. grin

We don't even know the games those guys are playing again......na Siddon look we dey for now...

7 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 4:47pm On Feb 26
megawealth01:
That FBN eh... Na game of control dey happen sha
No be small thing..... grin
FBNH closed @34!
ZENITH: @35.30
GTCO: @39.50

Elephant trying to teach ZEE some lessons on how to be a leader, it's not by carrying most capitalized banking stock for head alone.... smiley
* I guess we should be expecting better dividend from FBNH as well.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 4:39pm On Feb 26
USAfall2024:
Nascon (#66.00) closed 10% higher than DanSugar (#60.00) today shocked. Is there any change with the merger scheme? Everything looks uncertain at this point.
I think market reactions has to do with their results.....

Fantastic result is expected from NASCON..
If you check thru the Q3 result, it seems SALT made the revenue of the whole 2022 in Q3 already; Q4 will send the revenue high up.....
* Just saying this offhand, may not be accurate, e don tey wey I scan thru the result.... grin

As for SUGAR, FX loss will impact on the result...

But Overall, both will be fine in the short/medium to long run......Merger news will take care of whatever difference that may be btw them.
I think opportunity is just presenting itself to those who are yet to enter the bus.
*My personal opinion*

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:24pm On Feb 26
crownprince2017:
Between presco and MTN at less than 230, which one will you buy currently and why
Me I'll go with MTNN
Reasons best known to me....
Sorry, I no go fit shalaye at the moment smiley

1 Like 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:23pm On Feb 26
KarlTom:
A rally for DANGSUGAR imminent...
Maybe after release of result things will be clearer....
Those guys are playing some games best known to them in the Market........but there are increased activities in the stock recently

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:50am On Feb 26
vacanci:
Na so FBNH want to overtake Zenith? na wa o
No be only ZENITH self, make GTCo dey get ready.....lol. grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:31am On Feb 26
NASCON
Some swift picks.... up to 66.......
* Ahead of Sugar intra-day.....so far


FBNH
@34.10!!
The offers looks suspicious, like they lined it up for Cross Deals before now.......just say make I no too forward.... smiley
Another N1.1bn don enter the stock....
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 2:43pm On Feb 23
PETERiCHY:
We have started repurchasing the OANDO we Sold at #15.15k
BARGAIN HUNTERS TAKE NOTE cool
You ehnnn grin tongue
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 2:34pm On Feb 23
yMcy56:
Already, FBNH displaced UBA again......to be trailing ZEE behind...
FBNH : 29.05.
FBNH closed @31!!
Seems this Oga don dey reach that side small small.... smiley
ZENITH watch out! Elephant is coming..... grin

WEMA that was selling at 7.03 or so throughout the trading session closed @8.30! Lol.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 2:15pm On Feb 23
BUAFOODS @379... smiley

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