NewStats: 3,264,475 , 8,183,830 topics. Date: Wednesday, 11 June 2025 at 08:57 AM 562v386z3e3g |
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Be careful this coming week folks... Stocks like FBNH and M&B have displayed the parabolic arc pattern so I'm expecting serious retracement Just my opinion... |
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OBAGADAFFI: Abeg who are the registrars for WAPCO? |
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DeRuggedProf: Na so e easy! On the other hand though I never take seriously any stock recommendations that show potential upside of 60 - 100% because it assumes the managers of the business have no sense. If there was that much upside the responsible manager would carry out a stock buyback (not seasoned abi rights offering) because that is infact the best use of capital at that point (over and above any other ways to allocate said capital - including generating revenue) I just read an analyst report from 2013 that showed a Target Price of N80 for UACN ![]() ![]() |
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Manonamission: This is very true... I saw the signs that it was going down further so I hesitated... will enter when the signal changes |
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Intendy: Hahaha... This company never close ![]() |
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OBAGADAFFI: They don't have sense ![]() ![]() ![]() |
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ihedioramma: It is normal Udeme oh |
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fx: Looks like it is time for the son of man to take position |
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I don't want to be a party pooper but UCAP is slowly strolling into the over-valued region for an FI in my opinion
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Tritri: Two s I believe did better than 30% - fx and bigjay01 Thank you for alerting the forum early enough to the opportunity in UCAP and DANGFLOUR early in the year! Overall the main lesson for next year is to have at least one third of my portfolio in fx or bitcoin... Happy holidays to the NSEMPA crowd |
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UCAP Mo money! http://www.businessdayonline.com/book-building-starts-lagos-state-n60bn-bond-issuance/?utm_source=&utm_medium=twitter 1 Like 1 Share |
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courage89: I also disagree with you... The greatest mistake I made this year was not converting all my money in the market to USD when Peteriechy was screaming because I thought the oga at the CBN was a human being that had shame... That being said, even if foreign investors don't come back immediately, it will lessen the pressure of Local Investors who are shorting the Naira at the moment... Check CBN statistics of $$$ deposits in dom s.... it has gone down by almost $7bn in the last one year because people dont even believe their dollar is safe in the bank anymore... The worst thing that can happen now if they don't float is that there will be an fx run on local banks like is happening in Zimbabwe today and $1 cash will have more value than $1 in your bank which you cannot withdraw... |
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currentprice: If you use a price to dividend ratio of 10, then Forte Oil cannot be worth more than N30 which is why I have not looked at the stock since the beginning of the year... might reconsider if it goes below N40 (Disclaimer: I am biased because it burnt my hand in 2011) |
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currentprice: They will probably still pay good dividends, at least according to the last call transcripts I read... The dividend monies have been coming from the other group businesses not the bank |
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Three Stocks on my radar; - Forte Oil - N35 - UAroperties - any moment now - GT Bank - any moment now |
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*sharpens cutlass*
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Tritri: They haven't done a stretch sensitivity on exchange rate... if the dollar devalues again, they will take a major hit! And I'm betting that the dollar devalues again because the current system is not sustainable |
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Intendy: Thank you for sharing that Intendy. That was a horror read... I think I may have to sell my FBNH shares because the worst is clearly ahead. |
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Youngzedd: I have given them enough time to get monetary policy right. On Friday, I will Peterichy's convoy by liquidating 50% of my entire portfolio and buying USD. At this rate N750 - N1000/$ is no longer far |
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Primetech: I'm waiting for it at KM30 |
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bigjay01: 2006... You? |
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mercylicious: Oh nice... I went to FUTO too... a long time ago |
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mercylicious: I'm not sure they will follow each other this year... I gave this warning some three months ago when I offloaded all my AFRIPRUD units above N3.00. The forecasts for AFRIPRUD 2016 results are not good at all... Doubt if they can do 30k EPS this year |
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House, Any information on Diamond bank or does itrade have issues? Can't believe over 100m units have traded just like that |
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godlyguy: Waiting calmly for our dividends which we will reinvest next year |
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I hope UCAP can crash more.... maybe I can catch more falling knives ![]() ![]() ![]() ![]() |
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locodemy: Nna loco... the reason I like this forum is that it makes person to cross check any assumption... Once you and Intendy pointed it out and I saw the mistake in my model, I sold EVERYTHING the next day, half at 0.52 and half at 0.50... Man no die, man no rotten |
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“It is our job as contrarians to catch falling knives, hopefully with care and skill. That’s why the concept of intrinsic value is so important. If we hold a view of value that enables us to buy when everyone else is selling – and if our view turns out to be right – that’s the route to the greatest rewards earned with the least risk.” - Howard Marks
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locodemy: Sold 75% of my WAPIC at a marginal profit yesterday (N0.52/N0.53)... Holding onto the rest to see what these moves mean There's 10m bids at N0.50 at moment... I'm suspecting people are trying to increase their holding without affecting prices |
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locodemy: Thank you guys! I have see my error and will be exiting tomorrow ![]() ![]() |
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locodemy: Edit: Thanks to Locodemy , Intendy and feelamong I have spotted the error in my excel and advise any fundamentalists to head for the exits except they have other insider information... WAPIC has 13bln units outstanding of which AIG owns almost 3 - 4bln units... I don't think any reconstruction is happening Also they paid dividends earlier this year and will probably pay for FY16 again based on share of associate's profits from Consolidated Merchant Bank P/BV of Finally with the US GDR listing planned, I think AIG is trying to get the foreign guys come in.... I will trust his judgement on this one... Disclosure: I am loaded in [my biggest long term bet besides UCAP] |
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