₦airaland Forum

Could we be seeing stashed dollars coming into the market??

vacanci:
crazy market indeed. This kind market you fit come see some banks join First bank on Full bid today

E don happen oh. I'm seeing a ~50% jump in dividend ooo

vacanci:
some banks don dey recover o.

GTB and Zee on green now

And FBNH has been on full bid with just 2m. I be chief observer today o...

yMcy56:
Let's wait and see...,..
Some reversing the shedding gradually........but let's wait and see what the afternoon brings......
Make e no be like say person dey fight market....

New Gold @118,000! Up with +102,000
Wetin dey happen for there?

You sef see that gold?? I thought it was an error oh. It tells alot. Make I dey observe first...

yMcy56:
Seems First Bank don make U-turn from the bear due to this news....
All offers cleared...

I expected some defence on UBA at 22 , let us see what the end of the day brings.

Streetinvestor2:
Are you sure.is it black market or official

Official o.. I like the idea of the free market from CBN, but effect on the masses

The recent CBN moves can swing anywhere oh. For a low gdp per capita it can probably swing badly oh. But you know what, export-exposed firms are good on the NSE that's for sure oh!!

KarlTom:
Panic Sale. Cash out. Manipulations

See this Transcorp bid...

Normal stuff from folks who bought at 1 and sold 80% at 19 to buy back at probably 7(the small bags here need to prove their mettle at circa 10) else it's 5.
Likes of Tony and Wife probably has at 2(Spot for major bags) .

NSEMPAs can only enjoy the show. Never get caught in-between.

Single digit works for me though.

emmanuelewumi:
Transcorp EPS grew by 195%. It has a return on equity of about 19% which is quite good.

I expect between 60% to 100% earning growth in 2024 for Transcorp.

Based on the current price of the stock at recently released EPS of 56k. Transcorp has a PE of 26.


Transcorp is still very good to accumulate for the long term and N11 and below

Thanks Oga Emma for dissecting the FA for us.

Let's see how the market price that actual cost and improved dividend. My bet is on gra...

We will be waiting for FUGAZ. Consider discounting de-evaluation gains. Watch out for Impairments.

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/40203_GEREGU_POWER_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

GEREGU and N8 dividend

SonofElElyonRet:
At 495 that sucks !

With a ~50% up in profit and 200% in SP.
How Conservative

Zagee:
For TAs:
Transcorp strong support zone now has gone from circa 5 to circa 7.
Update!

Zagee:
Uba has a 18 - 20 support range
Update

Yet again!

BullBearMkt:
DANGOTE REFINERY SET TO IMPORT CRUDE OIL FROM THE US

This headline weak me I no go lie. On "cost-basis" I doubt that. We just don't produce enough. We are yet to meet our OPEC quota. We struggle with that. I wonder if NNPCL can even meet-up with their 300Mbbl/day as 20% equity stake. We have spread thin towards resource-back loans especially with crude oil. This country ehn!!!

KarlTom:
One thing is certain, this week will be pivotal...

Certainly

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

Zagee:
"My hypothetical 50m" is worth minimum 500m today since 2020. I gained N450m today and counting.

End this dollar/naira battle

My argument was for "holding the naira oh!!"

ositadima1:
I think I have mentioned before that we are going to see bigger revenue, especially for essential products making companies, which may translate into higher profits. It is not hard to see when you go out to buy provisions and supplies - you should have noticed by now that most prices have gone up. In some cases prices have doubled, while in other cases companies have reduced the content. Look at my favorite biscuit from years past - the fish biscuit (50 naira per pack). It is now half its original size.

When some people come here and tell me stock prices will fall, as usual I get seriously confused. Is it not the same market that they and I enter to buy things, or are they shopping somewhere with discounted prices? Ok nah.

I never considered this metric, I guess the gut feeling has been demystified. I can imagine the revenue when people get extra money to spend. That fish biscuit mehn.. It just fell off in taste too. .

TotoNaRubber:
Nice coupon but do you know that the capital of this investment has been devalued by over 383% from 2020 when dollar was at N365.

If you had bought dollar with the capital and held till now, you would have been a lot better.

Your N50m @ N365/$ in 2020 = $136,900, It is now worth N50m /N1400 in 2024 = $35,714.

You lost over $100,000 in 4 years and counting

"My hypothetical 50m" is worth minimum 500m today since 2020. I gained N450m today and counting.

End this dollar/naira battle

SetrakusRa:
https://doclib.ngxgroup.com/Financial_NewsDocs/40163_FLOUR_MILLS_OF_NIGERIA_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

Numbers, numbers.

I have noticed that these FMCGs are having more revenue than associated with the "brokeness" on the street. Abi everyone spent everything on food??

Developing impressive results looking at Q on Q.
I wonder what they'll do with honeywell flour(though not an amazing result) but looking to ride it(TA-wise) and gut feeling throughout q1. 10% down already.

Market will justify every result. Lookout!

Let the numbers talk from now on.
I greet you all!

BullBearMkt:
There Is Divergence Between Price & Sentiments On NSE ASI
While the NSE All Share Index is rising, sentiments and volume are in total divergence with the index. What we might experience in the coming days is for the index to follow both sentiments and volume, OR for the index to use its firepower to force sentiments and volume to align with itself. Either way, 100K is a remarkable milestone level to keep a tab-on.


PLAN YOUR TRADES AND TRADE YOUR PLANS

Today marks a 100, but with red

Choiceguy:
The bull must touch the brewery sector,My Oga with respect Hope is not a strategy.

In all honesty, how low can the brewery sector go?
What can be worst than the Buhari's stance against the sector? Anything other than this, you're telling them to pack-up and pay-off shareholders o.

Revised minimum wage is coming. We need to drink beer and buy food items oh!

rmx:
Beating devaluation and inflation in Nigeria is an unending battle with naira assets

I hope you know if the farms get protection, especially if the FG decides to guard Niger state n Benue as strategic assets due to their arable land mass and productivity, you know this talk will change?

There's no way Dangote's refinery will sell only to the Nigerian Market.

When he starts shipping to neighbouring countries it'll definitely be priced in USD, that's one source of dollar inflow.

You can hedge in dollars first thing by 8am, but you can equally afford to stick to some naira for appreciation.

Stability in supply of jet fuel brings stability in foreign trips logistics, hence more dollar inflow.

I expect the naira to appreciate(maybe no to 650) as Tax boss as hinted by the end if tge year, especially if they removed that custom bottlenecks on import/export business.

Don't bet against the naira.

Except Bulaba is incapacitated!

yMcy56:
Somebody mentioned Scavenger Analysis the other time....I think Zagee......I was just laughing. Your stone no go fit hit someone like me this time around.

Hahaha. I come in peace oh!
Let us know who cannot survive again oh!!

BenNigeria:
Please need help, I lost my account with cslportal.fcmb.com and I can't be able to long in to. Please what should I do

Well, reachout to customer care for a start.

chibaby1985:
Who is offloading TIP?

The person that is done holding 🤷‍♂️

Honey well breaks ceiling at circa 4, 2 weeks ago, but no much volume to support.

Still riding the first montly breakout candle, 3rd on the weekly.
👀

chibaby1985:
Swears

They should hurry up. Its either a 20% loss or 980% gain. Let fate decide.

ojeysky:
If not for the spirit of wale that is following oando, it has no business below 20. Oanda has done over 3x value of eterna trading today alone

Wale that should have allowed us do 1000% in peace

yMcy56:
Lol. His prophecy was wrong on Dang stocks and insurance....
Insurance won't underperform, most insurance stocks have delivered over 100/200%.......he said people will pay School fees......make we dey watch am then....

If banks are to recapitalize to fund the "new economy", what about the insurance?

femu:
Why didn't he write all these when the market wasn't performing.

Some people are just sad

What's there to write with a Bubu administration??