₦airaland Forum

I suspect Custodian wants to play big in infrastructure concessioning by this govt. And UAC Prop is the vehicle.....
Just a random thought. I tried to wind their 'oga at the top' to see what i could gleen.... but the baba knew where i was going and kept sealed lips.
This is definitely one for the future.

seyisanya:
Custodian has got the magic touch. They will bring about the much-desired turnaround. Well loaded at 0.72 and ready to go very long term on this one!

@3% dividend yield i no sure o...particularly with better bargains in the market.
I understand you maybe looking at this relative to Airtel's current price. It may come good in the near future.
But I'm purely considering the opportunity cost of investing in MTN at this current price.

megawealth01:
MTN go shock una... Buy MTN and secure your future... MTN at below $1 is heavily undervalued

DD applies

considering the trend in past years.. this stock may see.. N5 between now and June as people dump it after dividend with hopes to re-enter later in the year at lower entry point. You could pick some at 5.75 and average down majorly as it drifts closer to N5. it will require patience.

DextrousDavid:
Hello everyone... I am planning on buy afriprud @5.75

long term hold

hope I am making the right choice??

It's possible that KYC related updates on you haven't been done. Check with your broker and do the updates.

gamaliel9:
House, what could be the problem?I wanted to buy 50k units of zenith bank today through ARM Securities..and my account was suspended. Why?

What is the solution? Though i will contact them tomorrow to know why it was suspended. My Meritrade account was suspended sometime last year but was later reinstated giving me the excuse that that it was CSCS suspended it not them.

And the market is not punishing NB ... But Afriprud has taken a beaten for similar 'offense'.. ..
Finally the dynamics sets up opportunities.

ojeysky:
NB dividends is lesser than ucap yet the share prices are miles apart

You are right... Gratification from Access may take a while..
On account of this i've considered offloading in favour UCAP when it comes my bargain entry point. I still dey think am sha...Waiting to see UCAP's result for Q1 before making that call.

Lion123:
ACCESSBANK is useless when it comes to dividends. All this ambitious acquisitions Herbert keeps pursuing impedes their ability to pay juicy dividends like GTBank and Zenith.

a 'Dead Cat Bounce' is an opportunity for those that are trapped to get out...
Have Bullish week folks.

Full offer you mean....

I think Zenith will 'range trade' for a bit so it's best to target it at a predetermined entry price. Then wait for it to get there. I noticed a pattern with Zenith when the bear hits.. It rarely stays down till end of day.... somehow it recovers.. 'just bounces'

DangCem did same today hit 193 at some point and bounced to 227 where I think it closed..

The strategy is to stay woke. Some of these stocks may not fall and stay down for longer than couple of minutes to an hour.

robobo:
They shld put it to full bid by close today and also tomorrow so that we can arrive at sub 20 quickly

They shld pack all their money and go back to the NTB and leave this market for us.

Just thinking aloud...

What's the chance that Dangcem will increase divided having reduced their outstanding shares through the 1st phase of their share buy back scheme?

Yea, Guinness has gotten on my radar. 'for long term hold' if price is right. 12- 18 months

ojeysky:
Looks like Guinness is picking up though

This!

wisdom2345:
With the way the market reacted at exactly 1:00pm. Investors might have seen the stop rates. Sell offs becoming way aggressive before the market hibernation period

What a bloody last 1 hour of the trading day
Nothing spoil though.. we hunt for bargains.

But could there be news on the horizon that's influencing this?

Number 4 you can approach your Dads bank with the Letter of Administration when its ready.
Number 3, your Lawyer will advice you on it.

My suggestion is that you get a good lawyer with experience in this area, and hand it over to him/her to pursue while you provide all necessary info and follow up.

Gift7428:
Thanks but I didn’t get Number 3 and 4
Is that done with a lawyer too?

Hi ,

In addition to what OBAGADAFFI has shared, you will need the following-

1. Letter of Administration
2. Death Certificate
3. Media Publication (Gazette)
4. Bankers Confirmation for Deceased.
5. Notary Publication.

I'm about pursuing same for my Dad. This is what I've been asked to put together.

Goodluck with it.

Gift7428:
Hello everyone,
Please assist me in accessing my deceased father's stock.

His death occurred in 2003.
Bought some shares of Mobil,Guaranty Bank and
Vita form.
All the details are in my hands. My mother just shared this information with us, and I'm really not sure why. Thank you.

In a game of Golf we will shout 'well out!' if something like this occured...

ukay2:
If Transcorp plc can touch N3, I will really appreciate Tony

I need to bailout after holding Transcorp plc for a decade at N1.98

If you are in Lagos, you may want to Pay Veritas Registrars a visit , they are on Ajose Adeogun St. In Victoria Island. You will have these questions answered with a print out of your statement for just N200.

If you arent in Lagos, you may try calling them, that may work. You can get their contact number from their website (Google it.).

Hope this helps.

Kingdemu:
Good day Gents. I just stumbled upon this thread. I bought Dangote Sugar shares sometime around 2006/2007 and I received dividends via check through my mail and a certificate for some bonus shares the following year. Thing is I graduated immediately afterwards and no longer had access to the school mail for the past 12yrs so I have not received dividends since then. Is there a way I can claim my unclaimed dividends and also know if there are bonus shares given to me in the last 12 to 13yrs? Thanks.

Looks like UAE & Qatar are resisting suggestions at the meeting to sustain production cuts till Q1.2021. They favour lifting the cuts, which will result in more Oil in the market. Leading to a drop in Oil prices. so this $48/barrel may be short lived.

locodemy:
Market waiting for the outcome of opec+ meeting today and tomorrow.

It's well

locodemy:
Neimeth is very illiquid.
I am already testing the microphone to prove its liquidity.

100k units on offer now belongs to me but partially filled even on full bid o.its an illiquid stock nwanne.I may even put the remaining 400k units out there base on how I read the ongoing transaction.

Let me do 2,000,000 units to Transcorp,it gets filled in less than 10 minutes.

Financial Times: Nigeria's richest plough money into Africa's biggest economy.
https://www.ft.com/content/c5b98699-a5bb-49b2-8436-4a7edf314b87

Peerooo!!
no wahala we go still dey to follow you pick am at N10.
But make we hold some units now for starters.

PETERiCHY:
Zenithbank that will still beg some of us to buy at sub N10.

PATIENCE is KEY.

BARGAIN HUNTERS TAKE NOTE!

I don set my lootbag for 21.80 and another at 23 while nibbling some afolabi units at 24 this morning. It's a good day.

I expected this. When NBS released the gist of recession..
What some folks didnt see is that they also provided figures that hinted at a recovery.

Mcy56:
Zenith, FBNH, Access are really getting attention despite much offers on ground................
If Zenith should mistakenly get to 20 and below, investors will grab with both hands.............my opinion.......
Zenith, no doubt the most liquid stock on the exchange.....................
Fits into Jijo, short, medium and long term investing..........

Search for posts from @Onegentleguy in the past 2- 3 weeks, He had done analysis on this stock. After digesting his analysis, you can make your call (Buy, Sell or Hold).

moyin2009:
Good morning house, thanks to all our mentors and gurus. More grace to you. Please what is your take on GSk stock buy or sell or hold? Thanks

You know how the Democrats in the US say Trump's policies favour just his friends and cronies? For now.... in this our country, policies espoused by the CBN favours this market..... for now o!

Like I said before, Hot money will always head towards favourable conditions. As at March/April lows, Dividend yield for Zenith Bank , UCAP were 20%+ if I'm not wrong... currently, even with our ASI where it is there are still a number of stocks with Dividend yield btwn 9% - 12%. This is out performing rates from some other investments or risk assets. When this condition changes.... then I will expect a big Bear just before and after. The challenge is how to see it coming..... Our gurus in the house with more experience fit sound the alarm for boys to jump out...
There is a difference between drop in share prices due to panic sales and drop in share price due to poor performance of a Coy and drop in share price due to a significant change in govt policy that makes the market less attractive. We need wisdom to decipher.

And again.. everything is largely built around perception, objective and risk appetite of the investor.

Let me share a short story from my experience 3 months ago.

Where I come from in the east, the PHC - Maiduguri Rail line crosses right in front of my father's house. It's about 100 meters from the house. That rail was built by the British in the early 1900's. The bars in between the rails are all made of steel. I grew up seeing that rail everytime we travelled home for holidays or events.

Fast fwd to August 2020, I accompanied my Mrs to Yaba market to do some shopping. And for the first time I came in contact with the new standard gauge rail being built by the Chinese. Alas... Those steel bars in between the Rails are made of reinforced concrete. I do not know the terms or the deal the FG has with the Chinese. But I would be surprised if they are importing cement being used to build these rails. And there are new deals for Standard gauge rail virtually all around the country.

So taking our Cement industry into consideration, I will be more concerned about the sustainability of these sort of projects rather than a recession. Unless of course, the recession threatens the project. Which is unlikely because the FG has loan agreements in place covering the projects for which they've also provided counter part funding as per turn-key contract terms.

Now this is no recommendation o! I'm just sharing an experience to highlight how I choose to look at some of the issues that concern us. Ultimately, your portfolio is 100% your responsibility.

moneymanager:
Very true...
The only thing that baffles me is how GTB is just defying logic in this recession because it didn’t behave like this in 2008.

Someone mentioned that it’s because rates on bonds and fixed deposits have drastically fallen and so investors have no choice but to run to stocks.

If this is true I wonder how long this trend can last. Especially given the group said Q2 and Q3 was bad for financial sectors.
I see GTB as the fin Sec leader and a good stock but not sure if this rise is sustainable or if it’s downtown from here
So I say make I ask make I no go blunder as a newbie

Grateful for all advice and ready to do due diligence based on them (100%)

All else remaining constant (good performance like we've seen even during Covid pandemic), it will be a great opportunity to average down.....

Better opportunity!






[quote author=Krisuba post=96300117][/quote]

Well put..

Recessions have been known to drive wealth Transfer. It's a question of mindset and positioning.

The story of this recession will be told by those who cleaned out in the midst of it.....much later. Stay tuned...

I mean.. in my mother tongue 'just negodu Neimeth' ....( see Neimeth). Has that stock not returned more than 300% in this recession?

There will be further price correction in the NSE. Let's keep our eyes open for under priced value stocks .... just make sure you know what you are buying and why you are buying it... then allow nature take its course.

Its shall be well with us. Recession or not.

Harvestock01:
During recession

1. Paper loss for the rich mounts and their net worth plummet but they do not panic. They even acquire more assets at grave robber valuations.
2. The poor panic, sell their assets at give away prices, like the end has come.

There's only one outcome from recession - the rich get richer!

Look at the recent covid induced economic activities for inspiration. Check the value of assets that crashed during that period, what is their current value?

Who are those that sold Zenith Bank at sub N10 per share and who are those that bought? Who are those struggling to buy Zenith at N25+ just a few months after it was available for a fraction of its actual worth?

To the rich, recession is a once in a while opportunity to get richer while the poor see it as suffering time as a result of the mismanagement of the economy by the political class. All na perspectives!!!

True ...you are very correct. Entry price is very important. But my point is that your entry price and whether you should buy at all should be driven more by financial health of the company and its ability to make profit.

Everything is cyclical... hot money comes and goes. If you bought right and you have medium to long term objectives.... you wont worry about hot money leaving.

Your perspective and objective is everything.

In 2007/2008 I bought Zenith at 47.60/share... it turned to dust in my hands when the market crashed.
The same Zenith is a substantial part of my portfolio today with average entry price at 13.37. We still dey hold....


People wey dey fear recession..... make I remind una say.... na inside this recession wey some stocks don deliver 100 % - 200 % to some of us here....

Just know your objective in the market and buy right.... then allow nature (time + forces of demand and supply/market ) do its thing..

Again this is me o! Strictly my opinion.

Valueinvestor:

What if 'Hot money' has finished buying some few weeks back and are just waiting to cash out after dividend declaration.
I guess he should also focus on margin of safety too.No matter how good a stock is, you should still not overpay for it.

I wouldn't want us to derail this thread. But I'll just like to say that there are many moving parts and every thing has to be taken into context.

If we look at Onion as a staple, where is it grown predominantly? And how has the cost of transporting it to the south affected its price? How has the cost of petrol affect the cost of transportation? How has Nigeria's earnings affected her ability to continue to subsidize the cost of petrol?

What you refer to as 'lenient policies' could lead to slow death... if I assume that continued fuel subsidy is one of those lenient policies.

In 2011 my voice was very loud against removal of petrol subsidy. But 9yrs after , I see things differently. It's either the country can afford it or it cant.

Let me tell you about my small business. We funded staff lunch 4 times a week. Based on current economic climate, we've scrapped it. It's still me.... same govt. Would you say I stopped lenient policies? We could continue lenient policies and the company goes under and we are all without work. There are some difficult choices leaders are faced with. I'm not quick to criticize because I lead, so i know ...

'You know say.... when plane face severe turbulence and the pilot makes a judegement call that violently jolts the aircraft.. the passengers go yab am... say em no sabi.... but na him wey dey cockpit in front of those dials and gauges know wetin em see... wey make e fly into the cloud take the turbulence. Just maybe na storm wey for fit bring down the aircraft na em e avoid so...

Having said that... let's be balanced in our view of some of these things and our criticism.

Again.. this is me... opinions and view points differ.

Zagee:
Back then, we had a finance Minister who was willing to be lenient with her policies knowing fully well that this population was disadvantaged. This time we have people who honestly don't care about how we feel outside the comfort of their palaces. And yes I considered covid19 too, but I doubt if covid is affecting onion price and all those element the local man needs to survive(Not live)

Price to Earning Ratio P/E.

First find Earning (E) = Earning Per Share (EPS) = Companies Net Earning (after Tax) ÷ Total no of Outstanding Shares of the company

When you have found EPS. Then PE ratio = the current per unit share price of the Coy ÷ EPS.

I no know book o!
I hope I have been able to help in my little way.

You could also Google it for more clarity.
There are also great resources on YouTube to set you on your way to understanding the concepts and terms.

Limitless72:
Please can someone explain PEG to me and how to calculate price/earning of an organization

I'm new to this stocks investment biz/game and I'm really taking my time to understand some terms

The last recession in 2016, these same folks were also in charge... so was it different economics then? Why didnt we feel it then as you think we will feel it now?

In your thought process you are not acknowledging the impact of this Global Pandemic on our economy. Maybe because it's more convenient to blame someone for it..

A pandemic that kept us all at home and businesses locked down from April 1 till almost end of half July ?

Zagee:
We are not as advanced as this AMERICA so they will feel it more but, unlike the last recession we barely noticed(local man was still cruising somehow) this one we will all feel, because of very terrible economics by this current folks in power

So as a guide to understand what's going on... ask yourself if GTB stops making money when there is a recession.... the Q3 result for Access and Zenith banks which you saw yesterday, did it look like they operated in an economy in recession? Remember GDP shrank in Q2 as well. Q3 shrinking just confirms the recession. How has GTB faired in Q2 and Q3? Inspite of this shrink in GDP for 2 Quaters?

My thoughts....

Focus on Value. Is GTB a sound bank? Are they profitable? If you hold GT shares now, will you sell because Nigeria entered a recession?

Something I know about hot money .... it will always follow favourable conditions. So inspite of our recession, has there been any major policy reversal to trigger the movement of hot money away from the NSE? These will be my concern with respect to GTB, not necessarily the recession.

But let me also put a caveat. Your investment objective and horizon can change or determine your perspective. I have written based on my own perspective and objective.

moneymanager:
Good day Smart Investors,
Pls can someone help explain to me how our economy is in a recession and GTB stocks just keeps going up and up?
My plan was to wait for it to go down and then buy next year but it’s gone so high as not sure what’s going on.

Also if you could in any way also forecast what’s likely to happy to it next year it would be highly appreciated.
Thanks ��

Lol..
You and Buhari..

The economic fallout of Covid-19 na em Cement the recession following falling Oil prices. Even if na you be President with this combo, we for still enter recession. Even almighty American economy has felt the impact of Covid 19...

Anything 2021 comes with .... we will play..
My people say, 'you dont back out of living your life because there is a chance you could be hit by a stray bullet'..

Lion123:
I believe what Peter said. Buhari is going to deal with you people sha. 2021 could be bloody for Nigerians.