NewStats: 3,261,198 , 8,173,369 topics. Date: Wednesday, 28 May 2025 at 02:27 PM 67bm6z3e3g |
Nigerian Stock Exchange Market Pick Alerts (13082311 Views)
PETERiCHY(m): 12:49pm On Mar 31, 2020 |
OBAGADAFFI: If the outcome is positive we would have seen a stronger bid this morning rather the offers are growing and the bids getting weaker. 2 Likes |
IYGEAL(m): 12:52pm On Mar 31, 2020 |
onegentleguy: ![]() Those guys must be concealing something |
OBAGADAFFI: 12:53pm On Mar 31, 2020 |
bisiki2: So Sorry Board meeting |
TLAX: 12:55pm On Mar 31, 2020 |
PETERiCHY: Any trader who waits till his loss in a position gets to 20% is a freshman or wannabe. I don't believe anybody will set stop loss at 20%. A fundamental investor can comfortable sit on paper loss of >20% knowing he was a long runway in years to recover and make money. 3 Likes 1 Share |
TLAX: 1:04pm On Mar 31, 2020 |
http://www.nse.com.ng/Financial_NewsDocs/29531_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf If you are not here yet, why go in? But note...my take is that this is a distressed stock of an otherwise "good company" that got its funding structure and marketing strategy wrong. It still has a strong product portfolio and k believe the new management will pay a lot of attention on the value segment of the market where it appears to be thumping NB. After the rights issue which i understand was mostly taken up by the parent company, i truly expect this company to delist within 18 months. However, these are just my thoughts and time will tell. |
ojeysky(m): 1:11pm On Mar 31, 2020 |
S007: Yeah, it's obviously on the high side, I guess I should shift my goalpost |
rebekah2011(m): 1:13pm On Mar 31, 2020 |
You are spot on Sir.
TLAX: |
Danniee(m): 1:16pm On Mar 31, 2020 |
Pls house, which stock is advisable to buy now with N10,000? Thanks |
lexy2lexy: 1:22pm On Mar 31, 2020 |
How much is MTN trading currently
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Danniee(m): 1:23pm On Mar 31, 2020 |
N99 lexy2lexy: 1 Like |
GonFreecss1: 1:46pm On Mar 31, 2020 |
S007: Na me ask o! Hahahahahaha. Make I collect my blessings. |
GonFreecss1: 1:56pm On Mar 31, 2020 |
faoogoke: I used the word “slightly”. UCAP - buy 1.725%, sell 2.025% MeriTrade - buy 1.8625%, sell 2.17125% All with the additional 4.2 naira.... All these follows what I said. 2 Likes |
ggoldmine(f): 2:01pm On Mar 31, 2020 |
Maybaker: Full bid ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:20pm On Mar 31, 2020 |
OBAGADAFFI: Thanks so much, I didn't know of this CSCS number and the importance. I have sent them a mail, waiting for there reply. |
GonFreecss1: 2:25pm On Mar 31, 2020 |
wamiikechukwu: Would like to hear what they have to say, if you don’t mind sharing with us. For research purposes. |
seyisanya(m): 2:28pm On Mar 31, 2020 |
Wow, 2 million units of UACN... ![]() ![]() ![]() BARGAIN HUNTERS... ![]() |
sellydion: 2:30pm On Mar 31, 2020 |
Well what I know is that all manufacturing are in same shoe. Untill results are out assumptions are not adequate, Dangsugar 9+ Dangcement 116+ Unilever 10+ BUA 31.8+ Cadbury 6+ Jberger 22+ Flourmill 19 Nascon 8.5 OKomu 55+ Presco 36+ PZ4+ Nestle 841 Who does the selling into these low prices? Thinking WAPCO should be different is out of order Sir. Even with the best of figures as JB, the price may not move........ time is not in sentiment is rulling now. PETERiCHY: 1 Like |
rebekah2011(m): 2:38pm On Mar 31, 2020 |
UACN will not pay a dividend this year. CAP with good results did not pay dividend. Anyone in this boat because of dividends should reassess his/her decision.
seyisanya: |
onegentleguy: 2:41pm On Mar 31, 2020 |
MTN GROUP will push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated. The impact of the pandemic on international financial markets doesn’t change the importance of selling part of the 79% shareholding to local investors, Chief Financial Officer Ralph Mupita said in an interview. However, the rest of a three-to-five year plan to dispose of 25-billion rand ($1.4 billion) of assets will probably take a back seat for now, he said. “In Nigeria we still want to do part of our retail offer, even if it’s a smaller part of the total planned sale,” Mupita said by phone. “We are applying our minds to doing this at the moment." MTN is disposing of part of its largest division after a series of disputes with Nigerian authorities, most recently over tax payments and the withdrawal of cash from the country. The plan is to sell about a 15% stake to local investors, reducing MTN’s ownership to about 64%. MTN Nigeria Communications Ltd. was listed in Lagos last year, and is the country’s second-biggest publicly traded company. Nigeria is MTN’s biggest market, ing for a third of overall 2019 revenue and almost 40% of earnings before interest, taxes, depreciation and amortization. The Johannesburg-based company is also the biggest provider of telecom services in the country, with almost 69 million customers, according to the Nigerian Communications Commission. Share Rally The drastic fall in oil prices, hurting major producers including Nigeria, and the outbreak of the coronavirus has weighed on MTN’s share price, which hit 15-year lows last week. The stock has since rallied for six straight days, and traded as much as 21% higher in Johannesburg on Tuesday -- the biggest jump in two decades. “We of course have no visibility on how all of this could play out, but the business currently has a resilient balance sheet and is highly cash generative, with most of our business coming from pre-paid contracts,” Mupita said. MTN’s cash position was bolstered by the sale of 14 billion rand in assets last year, including stakes in telecom-tower companies in certain African markets. Some of that was paid in dollars, which provides a currency hedge against the weakening rand, the CFO said. MTN also has a credit facility that can be accessed if needed, he added. MTN expects an increase in data usage as more and more of its markets go into lockdown due to the outbreak of the coronavirus. “We want to make sure that our networks have resilience and capacity,” Mupita said. “We are looking at where we can drive broader coverage.” https://www.bloomberg.com/news/articles/2020-03-31/mtn-moves-ahead-on-nigerian-stock-sale-with-markets-in-turmoil ![]() ![]() ![]() 1 Like 1 Share |
ebuka1997: 2:51pm On Mar 31, 2020 |
onegentleguy: And I wanted to buy Mtn oh but it’s for the big men like you... let me find prices like first bank and uba sir |
onegentleguy: 3:05pm On Mar 31, 2020 |
ebuka1997: Me big man? ...me that is still struggling to get my March minimum wage to my stay at home following the lockdown in most states. And the month ends today sef. Chaii !! ![]() ![]() Btw, the news should not prevent u from buying into the stock if u so desire. The pivotal thing is that any such move should align with ur investment strategy and goal after carrying out due diligence. MTN is good, but when I look around the 'NSE room', I see better coys that one can permute from. ![]() ![]() ![]() It is well. |
ebuka1997: 3:16pm On Mar 31, 2020 |
onegentleguy: Haha no I mean the price is high for my allotted funds, and the dividend yield isn’t that tempting. When the lockdown was announced I actually had Mtn in mind as one of the companies that could benefit from people using data and credit like we’re doing now unless they succumb to public protest to reduce their data cost which is unlikely... I wanted to buy Mtn at 90 but before my bid could be filled it quickly ran away. with all your world class analysis here I’m sure you’re fully loaded ready to attack prices in the market |
TLAX: 3:18pm On Mar 31, 2020 |
onegentleguy: MODIFIED This is partly to meet the free float requirement as agreed with NSE and SEC before listing. Many other companies such as Union Bank, Champion Breweries etc. have not complied with this free float requirement but you know when it comes to MTN, everybody eyes go red ![]() ![]() Company remains a great bet as is but folks should watch out for lower pricing before jumping in just to create better MoS. In 2020 results should adjust for lower data cost regime as lower data cost should generate increase data usage. Hopefully, soon, Bank's opposition to CBN giving it a proper "Payment Service Bank" license to do Fintech should fizzle out and it should have another healthy stream of income. Waiting in wings to capitalize on this should be its strong agent network and spread. Good investment in the medium term but certainly not short-term. |
Afon1: 3:21pm On Mar 31, 2020 |
ojeysky: Very responsive. |
onegentleguy: 3:27pm On Mar 31, 2020 |
ebuka1997: Attack? My dear if there's one thing that needs to be attacked, and forcefully for that matter, then it'll be the 'evil' called COVID-19. But yeah, I am also 'ferociously embracing'(not attacking oo) some assets in the 'NSE room'. ![]() ![]() ![]() In the end, we'll see if the "folks I embraced did help me run away from the attack" ![]() ![]() ![]() Only TIME can set matters straight and put them in their right perspective. Selah |
ojeysky(m): 3:56pm On Mar 31, 2020 |
anjilgreat: It's good to hear that you've experienced both, I have only experienced meritrade for a while and think they were quite responsive, is that the same with Morgan? |
anjilgreat(f): 4:50pm On Mar 31, 2020 |
ojeysky: They are both responsive but the customer service of meritrade is quite impressive.. In of real-time trading experience, I give it to morgan capital, meritrade can be slow and heavy sometimes, especially recently. You can still open a trading with Morgan Capital and compare your experience with both. I use morgan capital for my short-term Investments and some quick gains (JIJO), so their lower charges becomes advantageous; but use meritrade for my mid-term/long-term Investment, I dare not try JIJO on meritrade because I'll end up enriching meritrade due to their higher charges. 1 Like |
moneymanager: 4:51pm On Mar 31, 2020 |
Hello All, I am a new member here and had a question for the senior men here. Based on Mohammed EL-Elian's evaluation, companies are gonna be going under. My question is is there a way to know private companies that will go under? so for publicly traded companies you know their books but private companies like investment houses. Lets say one invest with an investment house or a micro-finance bank, how do you know their strength. I ask because say an investment house gives 9% annually, given the volatility of the market its smart to keep investing in such a house but one must be sure its not gonna go under. Is there any way to be sure of this? Any advice would be greatly appreciated. https://www.cnbc.com/video/2020/03/30/mohamed-el-erian-markets-stocks-investment-strategy-squawk-box.html?fbclid=IwAR0B8415TV9CsRAScUV9x4qGrZmVP4X3EoDjODOrgbQllEUcH_cuLqrLZ_w |
OakPearl(m): 5:03pm On Mar 31, 2020 |
OakPearl: OBAGADAFFI: OBAGADAFFI: ggoldmine: All observations in line with my earlier reasoning. I have learnt, at no time is there no money to be made in the market. 2 Likes |
OBAGADAFFI: 5:09pm On Mar 31, 2020 |
OakPearl: Correct ![]() ![]() ![]() ![]() |
Mpeace(m): 5:16pm On Mar 31, 2020 |
http://www.nse.com.ng/Financial_NewsDocs/29542_FIRST_CITY_MONUMENT_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf FCMB done show ![]() ![]() 14k dividend. Fidelity this one. Not even up to 10%dividend yield, even with corona Virus 1 Share |
robobo: 5:17pm On Mar 31, 2020 |
onegentleguy:. Chief the script play has finished na interlude we dey now. When the next play go start i dont know but what i know is that interlude by its nature is short |
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