₦airaland Forum

Stocks receiving "severe" beating so far in market.....
GTCO

ZENITH: Trying to hold on....

UCAP: Made U-turn after touching 14.40/45......sighted back @14.90...
Maybe because today is the last qualification Date for div, who knows..

Zagee:
Can't really tell. Nobody wants dividend too?

We still have those FPIs in the banking sector.....especially .u.g.a.z

Sometimes, we don't also know what's going on in the background.......some of us that can't read charts can only be watching their activities and looking out for opportunity here.

YoungBuffet:
i think both

Guess some opportunities are also knocking here, na to dey monitor this one.......

ZENITH
Is this HOLDCO effect or global effect?
Will the bank replicate same thing that happened during GTCO's HOLDCO issue?
Let's keep watching.....

Much activities @25

Zagee:
Truly, we can never pick a better time to be grateful to them, but still this NSEBNK index is not looking good from the minutes to the hour charts ooo

Not disputing any chart formation or whatever...
Just trying to say that the foreigners were our major problems in the past.
Any little cough from USA or other developed countries, na NSE dey suffer am in the past...... but now, even if we witness decline in NGX, it may likely and largely be due to our domestic issues......
Not ruling out international ones too....but may not be in the majority.
USA had thought we cannot survive without them but God pass them.
I stand to be corrected though.

YoungBuffet:
It depends on the composition of the market players, if foreign investors are many on our NSE trust by now everything would have been red top to bottom.

Exactly!
When the foreigners were in the majority in NSE, by now, the market for don hear am......with this US banking crisis.
Since majority of them pulled out their funds, we are ñow witnessing some kind of "calmness" in the market unlike how it used to be in the past.

RabbiDoracle:
Madam, please continue to dey update us on things happening on NGX. We may not have much time to login and see. The world effects are moving too fast to catch up with.

Love your work.

Lol. Boss don't mind my comment.

Actually, this type of scenario has played out one time like that, which does not affect NSE as such.
Since the foreigners left the bulk of the trading to the locals, it seems like some kind of blessings in disguise for our local market, especially with the events happening in major countries like the US......it's not having sharp decline on NSE, unlike when the foreigners dominated the market.

This' my newbie's view of it.

* Pls continue to update us about international happenings. It's good for decision making. Well appreciated*

NIGERIA ENAMELWARE
Cancellation of proposed bonus shares of 3:2

* For those that might be queuing up to buy because of the bonus*

https://doclib.ngxgroup.com/Financial_NewsDocs/Nigerian_Enamelware_-_Cancellation_of_the_proposed_bonus_of_3_new_shares_for_every_2_shares_held.PDF

STERLING BANK
Sighted below 1.50 today after much upandan @ circa 1.50/1.55.....
Where's Pastor Vee who says he has interest?
Na to dey watch for likely bargain entry from there.

** So far, we have low volumes across board in the market**

Meanwhile, make USA dey take care of their problems, Nigeria get her plenty ones wey im dey face too. 9ja no be USA.
God go help us all.

BullBearMkt:
Please, could someone kindly give me the links to check the number of shares one has with a company listed on Nigeria Stock Exchange.

I just came across my late mum's old UBA share bonus cert. Never knew she sabi anything called shares self

Boss, you can also contact Africa Prudential Registrar to know the number of units she has, this will be inclusive of bonuses issued during the period in view.

Email: cxc@africaprudential.com

yMcy56:
DANGCEM
Based on my understanding of their last mail on share buyback, which I don't think has been done yet, I think DANGCEM will benefit long termers and dividend investors in the long run.
* Alhaji is planning to create value for shareholders.
* I may not be totally right o, pls do your DD and, "Plan your Trade and Trade Your Plan" in BBM's voice.

DANGCEM sighted @285 with quite a lot of huge crossings at this junction....

GTCO: Looking up.....

ZENITH: looking down.......guess it's because of the HOLDCO Plan.........
Opportunity loading here I guess.

Agbalowomeri:
Cowboys will always be cowboys
The CEO was trained by Wale Tinubu

Lol. Na that type of stock dey surprise people for market sometimes self.
See Dangsugar struggling @19 with the nice result and ROE.

RabbiDoracle:
The result was terrible. I least expected that based on how many companies made money out of inflationary pressures.

Based on this result, it needs to test March 2020 low of 3.8 or possibly lower. Wait at this point.

Thanks Oga Rabbi.
Thinking of going thru the report to know what went wrong along the line, not expecting them to make loss at all, especially with their line of biz.

But that March 2020 low!! That one no go dey difficult?

** Attached some items that impacted the result -vely**

Ginalex:
When you pointed out this stock at 8.50, I quickly bought some. Thank you 🫂🫂

My sis, enjoy your profit jorr......and also keep eye on the price mvmt.

rebekah2011:
Which result are you waiting for? Unaudited Q4 of the company was a loss of N4.84b.

Wrong or right, at least the post don drag you out. E Ku 3 days.

OK. Don't know how I skipped the result but I've checked now.
The loss has been factored into the price, reason it was battered down to 8.35/8.50 I Blvd.

Since last week Friday especially, the activities in the stock has increased with some rushing today @N9.20 towards market close.
Let's keep watching what the renewed interest is all about.......maybe dividend is to be declared who knows.....
Though me I'm more about price appreciation and bargain junctions..... and do look out for this even in battered stocks....

UACN
Closed @9.20.......Up with +65k....
Maybe some pple don see report...

Zagee:
Last time I checked, the market is being run by locals as most of our foreign guys exited long time ago. Reason why NSE is trying to float a program to attract young investors in Nigeria.
As for the bear, they will always come and go(this we don't know when)

True.
Locals are more dominant in the market for quite a long time ago.
Can even remember we discussed about it here with someone posting tables to support that.

@streetinvestor2
Bros, you do have right to state your own opinion and perspective too.
You also did well to warn and caution us about market events. Not disputing this at all.......and I Blvd it was assisting some people in a way or two too.

Just know that we can't force things on anyone.....just like those giving predictions based on TA can't force anything on anyone.
You all are giving guides which are highly appreciated by someone like me sha.

However, what I do call you out for is about throwing shades at those with contrary opinion to yours.......as well as rubbishing Technical Analysis (TA), which is one of the strong tools used in investing.

Pls, we are all learning and I've always not been comfortable with someone talking down on the Ogas that are useful to us on this forum. Maybe more reasons they called me as*like*,.and me no send them.

I've tried not to comment on your recent posts (which looks more politically inclined) but just had to do so today.

Lastly,.see below post in Jan 11, I learnt a thing or two from it too. Let it be your focus and don't give room for distractions, especially on this forum.
Thanks.

Streetinvestor2:
My target for 2023 is how to grow my dividend from 7 figures to 8 figures.And if capital application happens the better. I will be seeking advice on stocks to hold and those to sell after election which I strongly believe will bring positive impact to the market.
I really need to rebalanced my portfolio to achieve that as I have too many companies on my portfolio.last count was above 30,lol

Zagee:
Where's Peter, I will never forgive that guy with neimeth

Lol.
You better forgive Peter, he lives in another planet o.

OBAGADAFFI:
During COVID we were buying GTB, and Zenith for around N12- N15

During COVID, ZENITH went as low as 10.70, I bought around 10.75 with my breakeven as 11.
GT went as low as 16.70 or so......

Remember many bought higher before COVID occurred, it became an avenue for some with good cashflow to average down. Some took loans, some without fund did siddon look, etc.

Can't forget the efforts of @RabbiDoracle urging people to buy ZEE @ below 11 that time........with some convincing facts and all that.
How many remembered to come back and thank him? .....but to throw shades dey quick them.

Streetinvestor2:
Eku market. The bull is here.It is all over the market. Pls don't forget to ask them what they are buying this time.I forget some have bullion van of cash,lol
The greatest sin,is when one lies to him/herself

Bros, why these stone throwing upandan nah??
If you have issues with anyone's post or prediction(s), the most honourable thing to do is to be constructive about it cos we view the market from different perspectives and someone like me don't have to necessarily agree with your own perspective.

I've had course to argue/disagree with Pa Emma here on some occasions despite that he's a sage and knows the market inside out.......and me, I be newbie.

As at yesterday, the market still closed +ve despite your "run", "take cover" msgs.
Some still didn't agree with your view, doesn't me we'll be throwing stones at you for that.

What happened to your below post on 8th Feb and other consequent ones?

Streetinvestor2:
The greatest lesson I learnt from this thread was the bear market is the best thing for a true investor. I use to see it before as something that should never happen.

Pls note that, even during COVID-19, some of us were still here. Soooo, if bear wan come or if na bull, all is well and good.
God no go shame us.

https://nairametrics.com/2023/03/06/nigerian-stock-market-closes-bullish-as-investors-gain-n42-billion/

ppogba:
I will be looking forward to you giving us the stock market report for today tommorow. Just as you have done today.

At least, let us know if it has crashed further.

Consistently is necessary for integrity.

The market appreciated today....

Also waiting for them to update this.....cos they were quick to broadcast yesterday's report everywhere on social media.

https://nairametrics.com/2023/03/02/ngx-closes-positive-with-market-capitalization-up-n88-billion/

Some of these aggrieved guys are just looking for every means to run the country down but God will not grant their wishes.

Never seen this kind of bitterness and anger before......even from a region known for their high religious believe in God!

The headline is malicious and false.

AIRTEL was the only big cap company that dragged the ASI down in yesterday's market and today, it has appreciated in price again.....

Whosoever is wishing this country evil for selfish and personal interest is indirecting wishing himself/herself evil.

So be careful of what you wish for yourselves.

onegentleguy:
My post was actually making reference to exiting then @ N12--13 and waiting to reenter at a lower price.

As for buying @ current price levels, I honestly would love to see and digest their YE 2022 report before given any insight. Regards

Ok. Thanks sir.

GTCO:
Much stronghead....
Reversing up again .......from 26.60 back to 26.75.....
The buy pressure is much....

onegentleguy:
Anyone who didn't exit UACN @ N12--13 after holding from entry @ N4.5--5, should have themselves to blame.

NOT after reading the article above which highlighted some of the growing inherent risk at the time.
It is well.

Boss you made the right call on UACN that time. Kudos.

...but now, with food inflation and UACN well diversified, I think it's not bad for a pick @ 8/8.50. I don't think it can test thatN5 region again......barring any unforeseen circumstances.
What's your take on this sir?

*For me, UACN is a buy @8.50*

UACN:
8.50

Zagee:
Zenith bank Surulere branch. Lol

Lol.
..and Access.....

DANGSUGAR
Full bid @19.45.....

NASCON
A good one from NASCON and a good dividend payout from Alhaji..

NASCON was known for payment of 0.40k for the past few years.........BUT this time around, N1 was declared......representing +150% increase in div payout......that's around 8.9% dividend yield @ CP of N11.20.

Abeg don't mind my Arithmetics and pry schl analysis, na night school I go.

Bbbwings:
Lol
Dem annonce ucap the thing lose 3% today.

Don't mind them......
Maybe they expect a N15 stock to pay N3.......
It's typical of it's movement when dividend is declared (except for last fye).....
* Let them sha bring the price down to bargain junction, the value investors will come for it.

UCAP
Final Dividend: N1.50k
Qualification Date: 14th March, 2023
Payment Date: 28th March, 2023
Registrar: Africa Prudential

https://doclib.ngxgroup.com/Financial_NewsDocs/United_Capital_Plc_-_Corporate_Action_Announcement_Dividend.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/United_Capital_Plc_-_2022_AFS.pdf

NASCON ALLIED
Final Dividend: N1.00k
Qualification Date: 28th Apr, 2023
Payment Date: 26th May, 2024
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/NASCON_Allied_Industries_Plc_-_Dividend_Information.pdf

TRANSCORP HOTEL
Final Dividend: 0.13k
Qualification Date: 17th March, 2023
Payment Date: 4th April, 2023
Registrar: Africa Prudential
https://doclib.ngxgroup.com/Financial_NewsDocs/TRANSCORP_HOTELS_-_CORPORATE_ACTION_ANNOUNCEMENT.pdf

AFRIPRUD
Proposed Dividend: 0.50k

GEREGU
Sighted @302.80......full bid @303.......
Block 100k needed to move it up with +10% for today...
Already up with N22+......
This stock is making us proud!!
* Looks like one entity is buying*


Let's hope TRANSCORP will do something about it's huge OS soon, we'll also join you that time.

GTCO currently ahead of ZEE...
GT 27.05...
ZEE 26.65/26.95.....range..