₦airaland Forum

F.u.g.a.z is vexing for inside market oo.
GT/ZEE : leading.....

GTB @34!!

What could be holding Fidelity, Dangsugar down?

Dammlonge:
Plse do you any anything about this stock ma?Champs,Courtville and Ellalakes

I replied your pm but no response.

Pls go for dividend paying stocks....if you're not a trader.

* Yes. Courtville and Champion Brewery are up for delisting/acquisition and their exit prices have been fixed.......both are just still buying their time on NSE.

* Courtville is presently following the euphoria in the market to move up in price.......what could become of those buying high, I do not know.
* Don't know much about Ellah Lakes, but I know it's very very illiquid and can trap funds if care is not taking.

If you're considering buying a stock, liquidity is one of the things to also consider....
Though some of those illiquid ones can keep moving up in this type of period with just few quantities.....but alighting from the bus can be tasking, especially if you're looking at huge volumes.

essentialone:
Anywhere you go, I go dey there ooo.
Omo make una see how love carry me enter FTN Cocoa ooo. Na chocolate them dey produce ni?

OYO
I only corrected on the news you posted.
You may do well to research for updated news on same pls.

essentialone:
Wow, that is good Mummy Messi. Because FTN Cocoa and Pharma Deko na 2 companies wey I dey fear ooo. But thanks for the re-assurance. Let me buy them now.

Don't buy because of my post ooo.
Pls Carry out your due diligence....
Check the date for that post and do your background checks as well. What if I'm wrong?

Igi pawpaw o ni wo pawa o.

GTCO: Back up @33!!
The strength and volume is still there.....

ACCESS moving, now @15.45!
UBA, JAIZ, moving.......
UBA @12!!
NAHCO: 17.25!!
GT, ZEE: 33.10!!

*Caveat: Pls do not take as any form of buy advice*

^^^
@essentialone
That's old news.....
They already converted it from the look of things.
I stand to be corrected though.

emmanuelewumi:
I use previous audited financial report, things might have changed for the better or worse

Ok Sir.
I think things changed for the better, but you may also look at it at your spare time for updated analysis sir.

aremso:
Loco, BBM mercy have come again oo after remembering I have FTN I told my former broker to send the CSCS statement to me I saw I still have Japaul oil 50k units I bought during their IPO, all these Kobo stocks have lost interest in them but I know you guys are expert in them. Make I hold or sell? Pls which one is coronation insurance I saw that too and staco insurance!

Oga Aremso, you can hold your JAPAUL and FTNCOCOA.
Sell Coronation, which is Wapic Insurance and Staco.....but Staco has been moribond for several years, so if you want to sell, no one is willing to buy self.

**Final decision to hold or sell is yours to take sir**

sterlingD:
Abe make we analyse UACN ,UNILEVER.............

Check thru Oga Emma's posts on UNILEVER, think he did enough justice to it...

We wait for analysis on UACN.

Na wa o.
You still dey on top this Unity Bank??
Make Una analyse another stock na......cos we have many in NSE.
I believed by now you have communicated your concerns......no matter how you discuss about it, those who will buy will buy.....and not when JAIZ has reversed up self.

In another news, ETERNA opened on full bid @19.10!!

Transcorp Hotel vexing seriously......sighted @21.29!!

So today, bids have surfaced for UNITY BANK.....we see how it goes....
Seems we forgot that there could be merger or acquisition or buy-over as well.......nothing is impossible in this market.
On full bid @1.08!

Yoast:
Lol. Na MA(Mcy analysis) I need now. I'll bear the risk. Thank you.

Lol. I'll advice you go for a fundamentally sound stock that pays Dividend.....this way, you can have rest of mind if market goes sideways.

Yoast:
Please what do you think about universal insurance? Thank you for your self-less contributions to nsempa

No idea sir.
The FA or TA gurus are in better position to advice on it.

debeey87:
That was one of the reasons I mentioned it. People can get lucky and it does another champion brewery price increase before finally going private

Who knows.......could be another wonder of NSE....
....but had to give them update as well, so they can know the situation on ground.

Ginalex:
Hi ma'am. Please can you help with a Link to open an account with Morgan Capital?

Simply send email to :
info@morgancapitalgroup.com

.....and request for Account Opening Form.

locodemy:
.Foreign or local investors

We dont know yet.
Could be any participant depending on the info at their disposal.
Could also be insiders or those positioning into the future of the company, who knows.

Edited.
Let it not be like MH.

Deadlytruth:
Chams is simply on traction on account of the movement of other stocks of similar price category. Same with RTB and Courtville. Anyway, the ride is onto glory for the Sentimental Analysts on board.
When the SA fuel driving them dries up, exit follows.

I think you're very correct with the RTB and, especially Courtville sir.

For newbies, Courtville is going to pay 0.48k as buy-out Price, present price doesn't justify it.....pls know what you're buying into ooo.......
You've been encouraged to ask questions before buying any of these stocks, if you follow oldbies to buy anyone, don't come here and blame anybody.

The Strength of GTCO though!
Much volume and up with +N1.05 so far......N1.2B spent so far...

* ETI: Sighted @15.20!

Loco FTN COCOA is sighted @1.95 o..... Guess it will still be shuttling btw 1.80/2.00 *edited*

debeey87:
Courteville did an MTO to buyout minority shareholders at 0.48k. price is currently at 0.63k. Good for shareholders who didn't sell

I also saw it ooo.
Just said this NSE can bring different surprises sha. I think it's the handiwork of the insiders...

sterlingD:
Can and will Mansard follow suit ?

Let's even look at MANSARD the Arithmetic and Pry Schl way.....taking it back to the pre-reconstuction time........ Pardon me, na night school I go..

*Opening Price today = 3.78
* Pre-reconstuction Price = 0.94k (3.78 ÷ 4)

* 2022 FYE declared Div = 0.36k (Post-reconstruction)
* 2022 FYE declared Div = 0.09k (Pre-reconstruction)

So, dividend of 0.09k was paid on 0.94k unit share...

The dividend yield on Mansard @ 0.94k = 9.57%
This is a good one if you ask me o.

For those who picked it @1.50, the dividend yield would be 24%!
With improved Q1 result, I think this is very nice!
Hopefully, Q2 will come out good too.....

Mansard shouldn't be selling below N4 in my opinion.... that's N1 ! Looks cheap to me if we look deeper into it.

NewBola:
ma. I noticed they have recently both gone up considerably. I was just wondering which one might hold more value.

Kindly direct this question to my bosses here too.

...but at current price, I think FCMB holds more value.
If market is going up, then, new high may be formed.....but pls, let the Ogas guide you more.

locodemy:
Mercy let him sell off those stocks and have a breathing air.Afterall he has other stocks doing well in the market now.

Ftn will become very illiquid at #2 and above except there is fundamental backing it up.The work of SA has finished in Ftn cocoa for now.
At this point I except Pa Emma and Co to guide people not when stock is running fresh on FA or TA.

Dear Aremso, my advice is sell off now and chop big chicken.Dont leave the bones ooo.Chop everything and cool your head.

Loco you're right. SA's work has finished with COCOA for now.
I'll let him follow whichever pays him most and suitable for his investment objective.
Cc: @Aremso

*Updated* Surprisingly, SA work continues.....

ETERNA: On full bid @17.40!!
Riding on the rumour news of receiving licence to also import PMS.
Been mentioning this ETERNA since Conoil & Mrs started moving up......no be me queue to buy.

TRANSCORP: To get attn?
https://authorityngr.com/2023/06/26/expect-astronomical-hike-in-electricity-tariff-effective-july-1st-discos-alert-nigerians/

ACCESS, STERLING, UBA, GTCO, NAHCO.....moving........

Pls this is not a buy advice o.

FPI INFLOW
Foreign portfolio inflow rises by 650% in May.....

https://thenationonlineng.net/foreign-investment-inflows-rise-by-650-on-scramble-for-nigerian-stocks/

* Peterichy come and see your Month of May o.

More:
https://www.vanguardngr.com/2023/06/foreign-portfolio-investors-return-raise-stake-by-338-7/

https://www.vanguardngr.com/2023/06/cbn-and-new-measures-to-boost-forex-supply/

https://guardian.ng/news/tinubu-applauds-afdbs-520m-investments-in-agro-industries/

sterlingD:
Can and will Mansard follow suit ?l don't seem to understand what Mansard is doing right now

Possibly....... barring any unforeseen circumstances.

BullBearMkt:
Hello everyone and Happy Sunday!
Is there any news on ARDOVA's acquisition and if it will still be listed/delisted from NSE after acquisition.
Thanks.

Here is the latest news.......as of 2nd June, 2023.
* Exit price adjusted up from N17.38 to N17.88.
* Posted this before now as well.

https://doclib.ngxgroup.com/Financial_NewsDocs/38725_ARDOVA_PLC-OUTCOME_OF_COURT_ORDERED_MEETING_CORPORATE_ACTIONS_JUNE_2023.pdf

aremso:
Mercy the only mercy among us where u dey go ooo? Meanwhile, u never put your own input for my FTN question oo

Oga Aremso, my 2 bosses already answered you on this...but my own answer if you insist goes with these two links below:

One from Dipo's Business Post and another one...
https://businesspost.ng/economy/oh-ecosystems-secures-12m-after-acquiring-stake-in-ftn-cocoa/?amp=1

https://www.nairaland.com/7740535/president-tinubu-applauds-afdbs-520m

* FTN COCOA is currently shuttling btw 1.80/1.90 or thereabout....
* You already wrote it off and forgot about it.
* While no one can accurately predict the future, I'll suggest that maybe you can still continue to forget that you have it for now......who knows, it may bring much better reward in future.

** Pls note that this is my personal opinion sir**

Deadlytruth:
Thanks for the compliments on SA. For me, SA is the quickest and safest way to realizing the ultimate objective of coming to the stock market which is financial freedom.
The SA family is a big one and we have always been together in spirit regardless of the pockets of occasional disagreements. I was actually enjoying your updates and secretly appending likes while the mutual avoidance lasted.

Thanks boss. You made my day.

Truly, we seriously needed to consider and look more into SA on this platform.......it's fast separating itself from TA/FA, especially when trading Nigerian stocks.

What fundamentals does FTN COCOA for instance have that took it from circa 30/40k to N1.80+?

It's well anyway.

Ginalex:
.... But please don't leave here

seemples:
Loco isn't moving an inch.. Neither is yMcy56

You're well appreciated dear Sisters!!

BullBearMkt:
...there is no point opening a new thread. FA & TA compliment each other. TA is "relatively still new" in Nigeria and might take some time before it is generally accepted. The recent disagreement, to me, indicate that we are talking "truth" to ourselves. We should rather be afraid of an environment where everyone is smiling to one another!

Thanks Oga BBM.
Well understood. Well taken.

At some point, I was almost thinking whether Oga Emma's page was hacked or something....but it's fine.
We move!
I still have my respect for him nonetheless.

If there be anything that gives me much joy in these whole back and forth, it's the fact that it reconciled me with someone I tread his path mostly here in SA... @Deadlytruth !!
He doesn't know and we don't go along here, but was happy he quoted me today... against what I'd expected when I mentioned him. Still learning and will continue to learn.
Thanks boss.

All well and good.
Apologies for any utterance made in 'anger'.
Just know we meant well for this forum for everyone as most of us are here to learn as well.
Thanks to everyone that contributed for and against.
E Se Pupo.

Deadlytruth:
Thanks @ yMcy56.
I have always hammered here that as far as NSE is concerned, my over 20 year experience of participation has taught me that very long term investment outlook based entirely on fundamentals alone could end up a tragedy in life. Fundamental Analysis is like basing opinions and choices on reason and logic which though should be the ideal attitude of men but unfortunately in Nigeria, reason doesn't dictate to any reasonable extent our choice making. We have severally witnessed fundamentally sound stocks declining in price just immediately after declaring fantastic results with very mouthwatering dividends while a not too good result from a struggling company causes a 10% daily rise for days based on sentiments. Why this happens is something the hard core FA apostles have never been able to explain.

You're right sir!
ZEE and quite a lot of them comes to mind.
I've always known your stand on this SA and I think Nigerian stocks thrives on FA and TA, but much more on SA. News moves stocks much more.
Ordinarily, if we look at the share price of some stocks, even fundamentally, they shouldn't be where they are but the truth is, news and sentiments has moved them at one point in time or the other.
See GEREGU for instance, the news of Afreximbank's 5% stake took it beyond 100 to 300!
Has it come back to 100 since then? NO!
All those who picked @100, 120, 150, 200 while it was been mentioned, did they regret picking till now? NO!
It's well.

locodemy:
You can mention other stocks maybe the type that suit them but for me, Kobo stocks have come to stay and will continue in as much as there
is financial improvements and turnaround in the kobo companies.

For leaving this forum, not me again. I will stand to resist them.

I was banned yesterday after the challenges of words, maybe the moderators checked and found me not guilty and restored me back to the forum.

We must stand now to separate investors and traders from having access at same platform.Nobody will agree with each other unless there is a common interest.

Pls let's stay and do our very best here.It is only God who knows us and can reward.
If I am here to deceive anyone including the newbies, it will not be well with me.When I point out a stock, you check it and carry your own assignment on it Before buying.

I am a trader and may not be there when people will start enjoying the stock I pointed.It has happened to me severally.I can't come and say the stock I pointed is bad tomorrow because I sold except the financials which I depend on fails.I put much effort to comment on a stock I have or want to buy than the ones I have sold.When opportunities present itself again on the sold stock,i will come back again and ride on it.

One love @ Mercy and all

One love bro!!

Maybe, if someone can open another thread for traders it will be good as you suggested.
So that whosever is on that thread will know it's for traders and know the risks and rewards involved in trading, while NSEMPA can strictly be for value investors.