₦airaland Forum

nosa2:
I no know wetin Oga Agba see oh but I was/am grateful for his challenge to my opinion. He made me adjust my spreadsheet to factor in one off FX gains and after doing that I saw that there was a clear dichotomy in banking stocks.

This dichotomy made me dump my FCMB and add more GTB and some UBA.

To be honest I almost dont want the stocks to rally just yet. I am looking to raise some more cash to buy even more. I firmly believe that too much of a good thing is a great thing

P.S Abeg how my grand mother go dey say she be my pikin

Boss I beg sir oo 😁
I be your pikin o.

Glad you're doing your homework well before staking your funds on some of these stocks anyway.

nosa2:
Ha! My Madam at the top. No be so oh.

My excitement for GTCO is not short term. Right now I believe the currency devaluation is well over done. Very soon the benefits of the painful reforms would start to kick in and I want to holding when all the big ogas come and buy.

Nigeria companies are being priced as though we are a war torn Nation and that doesn't make sense.

P.S I am not a Tinubu guy and the better times may not even come in his administration

My big boss, you were right about the pricing of our stocks, it doesn't make sense seeing them at ridiculous prices honestly.... especially when we consider the great revenues being made despite the harsh operating environment...

....but it is what it is for now, FA aside, pls be cautious and always seek 2nd opinion from the experts who's being on ground for long so you can monitor the market to pick at very good bargain prices.

Not saying your GT call is/was wrong o, after-all it didn't obey Oga Agba's southward call, he has not been able to enter since he exited .......but just some words of caution from your pikin in the biz.

You're welcome sir.

Raider76:
He is more of Uncle ooo...

I am surprised he is sounding so 🐂 bullish. The Noaa of before was more cautious.

More of big boss self.
I've been hearing or reading about his moniker from some Ogas here for quite a long time.

But, I'll just say he should be cautious of Nigerian banks, especially with these POs and RI stuffs.......though pumping possibility is there sha.

ggoldmine:
Oh! I've always known Total and Total E&P and they do both upstream and downstream. Is this not the same as the one listed on NSE? I'm confused.

Its the downstream sector that was listed on NGX.
Yes. TOTAL is both upstream and downstream

nosa2:
GTB is off. This thing probably wont drink water till it reaches N90

Bros take it easy o
Stocks don't go on straight line like that
Na Nigeria Market we dey.

bovali:
I’m guessing unlike banks, insurance can pay dividends from FX gain, correct? Although it’s mostly cash and bonds as at dec 23

That's Cornerstone right?
- I doubt if it's equally allowed for insurance to pay dividends from FX gains...
* HOWEVER some of these insurance companies are now performing better unlike before. Some making additional revenues from subsidiaries and investment incomes.

CORNERST for instance has been improving over the years......came out of zero div payment, paid 5k in 2021 fye, 6k in 2022 fye (at least no known FX gains then), and now paying 16k for 2023 fye..... that's +60% increase in dividend payout for the last FY.

This is a good development I Blvd.
I think aparty towards the sector as well as past experiences of some investors are still responsible for the unpopularity.

**Modified**
Dividends
Maybe they paid out of FX gain, I'm not sure but will try and clarify this.

nosa2:
All these big big numbers wey una dey quote dey intimidating oh. Me with my N10,000 portfolio wetin I go do?

No be small thing o.
Na to say make someone like me wey no get portfolio just do 'pim'. Una no go intimidate us finish for here, e no go werk.

* Before una go talk say I dey monkey hunt....

currentprice:
never ignore na, you and oga Agba have done d needful to DS, all u na opinion make sense... I have not been courageous to check the numbers due to Forex issues dealing with the company, a company with previous good oxygen slip into negative retained earnings

the stock may continue shedding price until good news comes into rescue... though if no general bearish don't see the stock @ 25 level. Technically i have strong support @ 32/33 which am watching with keen interest

Thanks boss.......this is a relief.

"Watching with KEEN interest" hhmmm
Boss abeg carry me/us along when you sight green light ooo 🙏
Na you I follow reason this DS as well as UCAP all the way from circa N3/4......and quite a lot of stocks on NGX at different times. You've really done so well here sir.

KarlTom:
This is for Airtel...

I no wan post the Q4 before, but as you talk, I don post the link

** For WAPIC, hope those buying above 0.69k did their findings very well...
OR there's an update to the buyout price?
OR maybe no delisting again?

CORNERST
https://doclib.ngxgroup.com/Financial_NewsDocs/41593_CORNERSTONE_INSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2024.pdf

In another News:

https://doclib.ngxgroup.com/Financial_NewsDocs/41589_AIRTEL_AFRICA_PLC-TOTAL_VOTING_RIGHTS_AND_CAPITAL_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2024.pdf

https://www.thisdaylive.com/index.php/2024/07/02/discos-raise-revenue-by-n42-4bn-after-230-hike-in-tariff-for-premium-customers/

https://thenationonlineng.net/totalenergies-to-acquire-60-stake-in-sao-tome-and-principe-asset

Agbalowomeri:
I only gave you like 'worse-case' scenario based on TA for ONLY DS
Other factors will definitely come into play for example a general bull

Edited: I took a look again using the stochastic which is a powerful short-term 'buy' indicator
It shows that it might have rejected the support at 38-40 price region on the daily. However, the weekly is not yet in the buying zone

This is better and more like it.
Thanks so much sir.
Pls make una dey help us check when indicators started showing likely rally or reversal up . 🙏😊

megawealth01:
First time I am seeing a positive news from agba... I love your honesty

Mankind2024:
If we rely solely on PA Agba's charts to dictate our investment decisions in the NGX, we risk missing out on opportunities unless a pandemic, military coup, or natural disaster occurs, which no one can predict except God.

Exactly!
Whosoever will rely on Oga Agba's charts alone won't even trade in this our market at all because fear alone won't allow him buy anything. Lol.

Agbalowomeri:
Q3 rain/storm Lol
Hopefully, 25 should be a good support

Oga Agba, while nothing is impossible in this market, I doubt if DS can get to 25 again....
* Reason I said this is that DS has been generating good revenues....only shortcomings was/is the FX losses
* If we look beyond FX loss, DS isn't doing bad at all
* 2ndly, if DS fair value stood at 45 when it was trading at 16/17, then, I don't think the fair value by now should be less than 60 (assume we remove the FX loss)
*...and this is not even factoring in the proposed merger yet.

Lol. This is my amateur and quark opinion anyway.
* CP you don ignore your duty post o.

Agbalowomeri:
You no say I get bad mouth
Make I just hol my opinion to myself Lol

Fair enough!
Because me self don dey fear the reply already. Make e no come spoil things beyond repair . Lol.

Mega, next time dont push Oga Agba further o.
Anyway, thanks sir for the fair reply. 🙏

Any positive news will distort the charts like he said and send Sugar to the moon.
Once there's news of Rice Mill commissioning or news of going back to SEC for the merger, etc it will change everything.
Na such news we dey expect.

Agbalowomeri:
The stage where I dey now, capital preservation is my first and second goal. Waist dey pain me from overuse so I no fit run😂

Pastor will attend to your last sentence 😀🤔

Boss, as it is, can you consider DANGSUGAR?
The merger is still taking place from what was heard in the last AGM from Alhaji but time factor is the issue.
What's your view?

** e be say I don ask the wrong person. Na Currentprice I suppose ask.

Mpeace:
How about transcorp. Any interim?

Which interim?
Make una just dey manage am for now until reconstruction is done with.

Oya check yourself...
https://doclib.ngxgroup.com/Financial_NewsDocs/41574_TRANSNATIONAL_CORPORATION_PLC-NOTIFICATION_OF_BOARD_MEETING_AND_CLOSED_PERIOD_CORPORATE_ACTIONS_JULY_2024.pdf

APR
Africa Prudential too is proposing interim dividend but no bonus sha. This is nice.
No wonder it's also getting attention and price appreciation in market.

https://doclib.ngxgroup.com/Financial_NewsDocs/41562_AFRICA_PRUDENTIAL_PLC-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_JULY_2024.pdf

Alhaji should pls say something on DS and NS too nah....
These two are just tying money down unnecessarily...

** DS/NS already factoring results into the price.......
Will be a pleasant surprise if those selling off in panic now turned out to be very wrong eventually....

Choiceguy:
Tryin my best to get update for folks

I tell you say if na CP or Oga Emma you dey follow, e for better.........You never wait for 2 yrs you don run commot. Oga Agba wey fit wait for 5yrs or more. Lol


Btw, someone asked for Transpower closed period. Here it is:

https://doclib.ngxgroup.com/Financial_NewsDocs/41572_TRANSCORP_POWER_PLC-NOTIFICATION_OF_BOARD_MEETING_AND_CLOSED_PERIOD_CORPORATE_ACTIONS_JULY_2024.pdf

KarlTom:
Maybe you should reduce the garri...

Lol. Garri don blurr my ogas eyes
And the days of the Garri doesn't seems to have a definite end date because that GTCo dey stubborn...

KarlTom:
CORPORATE ANNOUNCEMENTS

LINKASSURE
5k dividend for each 50k share held.
1 share for every 10 shares held.
Qualification date: NA
AGM Date: NA
Payment date: NA
Registrar: APEL CAPITAL.

Good one from LINKASSURE...
This is another good insurance stock that has stayed on ground for long, currently trending in market and at full bid...

Choiceguy:
@ Zikkychops,I know we can count on you for the updates tomorrow.

No be this Oga wey dey follow Agba's footsteps for market be this?
What has changed? because Agba still dey sip his Garri in Peace, even looking for person to do top up for him.
Wanted to quote this last week or so but escaped my mind

Princkez:
Just noticed CONOIL has been consistent with dividend payment since 2001till date.

CONOIL is a consistent dividend paying stock, even when it was merry-go-rounding at circa 18/20

currentprice:
i day gidigba

Boss long time!
You just abandon your own just like that!
Compliment sir.

There's this bros that exited WAPCO to enter UCAP sometimes ago when it was still trading at 13 or 14...
My mind just went to him....
Hope he's still holding UCAP as one of his long term stocks......
If he's still holding, then his patience is paying off now.....
Chai!! Long termers are trying o. 😊

Maybe I can get the moniker....... Yourhealthng or something....

There are rules guiding every company listed on NGX


Meanwhile, outcome of VFDGROUP's AGM is out...
* Bonus approved
* Capital raise approved

https://doclib.ngxgroup.com/Financial_NewsDocs/41524_VFD_GROUP_PLC-VFD_GROUP-_RESOLUTIONS_PASSED_AT_8TH_ANNUAL_GENERAL_MEETING_CORPORATE_ACTIONS_JUNE_2024.pdf

Streetinvestor2:
My bet naija stock back to #15,lol
All the guys talking about o and o. Pls can they equally tell me what south investors are seeing in jse and buying my bet naija stock above #16.Are they not seeing the delisting happening again

Shey these Cross Dealers aren't aware of court case ni? Lol.
The more we look, the less we see....

** Caveat: At owner's risk.

ogoo4real:
@yMcy56 any news on Transcorp PLC with the level of early morning trade it had this morning!!!

No be small thing.... Insider dealings...
Around 90M units in cross deals/trading up to 13....
Maybe the SEC approval for reconstruction is getting close...
Some Ogas knows what we don't know.... TRANSCORP go surprise many

Meanwhile, OANDO is now sighted @15!!

MTNN : More pickups @200

UCAP: Resumed on full bid @26.50

BullBearMkt:
Yes, I understand what Agba's double bottom meant o. Agba's mind is thoroughly corrupt, just like the character in - Incorruptible Judge.
...responded!

Agba don corrupt........even my Oga knows that his own is different. Chai!!

Boss thanks so much, I appreciate your response. 🙏
More blessings IJN. 🙏

MrEja:
Hi keep up the good work, what do you think about buying Dangsugar at this current level? it has lost about of its value from its high, and its formed a double bottom at this level, you think its good to pack it up at this level?

This Sugar issue eehhnn
Honestly, a part of my mail to Oga BBM has to do with NS too...
From the look of things, it's looking like bottoming but my concern is what the 2nd Quarter result will bring....... Although, whatever it is, the share price will likely not be battered that much again.....because it looks factored in already....

I think my TA/FA Ogas should be in better position to advice us much better.

However, if you're for long term you may buy some at CP, then watch it's movement from now till Q2 is released OR till we see it bottom OR see ray of light from it's end, then you buy more.

BullBearMkt:
...Agba, I beg leave me make I dey see double bottom for weekend o! Double bottom for CWG don make 30% gain in less than a week

Well done boss.
Your type of double bottom is different from Agba's own.....

Sir pls I sent you mail. Kindly reply when chanced.
God bless.

KayOn1:
How many of their Rigs are operational and contracted out sef.

** DD advised is for a reason. I say no more.
** I have <100,000 units for gambling & FOMU tho.

If OANDO didn't delist, we'll be back to remind some of you about these your posts.....God willing .