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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11491694 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:09pm On Sep 20, 2018 |
Mpeace, seems you hastily sold your skye o. It's still not giving up yet. At least I don learn meaning of new word again from my boss today. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 2:12pm On Sep 20, 2018 |
Mcy56: You want to start another fire ni? Allow First Aluminium fire to quench first. Kilode! LOL. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:13pm On Sep 20, 2018 |
UnionDac - sellers already parked together #justWatching |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:13pm On Sep 20, 2018 |
mendes911:Chai! No vex sir. ![]() ![]() LMAO ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:14pm On Sep 20, 2018 |
Index - needs DangCem to test its 52 wk low at n200 and makes up its mind where next ! ! |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 2:17pm On Sep 20, 2018 |
MonkeyHunter: wanaj0: wanaj0: I think the matter should be put to bed now. BOTH U and Sir MH were RIGHT !! U AGREE that the company's Nos has gradually improved from where some folks had assumed them to be. ...and he (MH) AGREES that there's still some measure of RISK, hence the need to be CAUTIOUS. I AGREE with both of u. Which was why I said I still have my reservation about the coy (given inherent risk), but will be open to keying in in future (given gradual improvement). What Sir MH has simply done was to draw people's attention to the pros in the company, while u Sir Wanajo has highlighted the cons. ..It is now left for people to 'seive and weigh things properly' before deciding on where they wish to align with. No point trying to prove who may have had or made a better judgement. ...we are here to all learn from each other, with a view to making better informed investment decisions. Cheers. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 2:22pm On Sep 20, 2018 |
Mcy56:I never buy skye in the last 8years.Although I like buying carcass, skye does not fit into those classes. Skye is on a class of its own. Skye is real junk. No result, no rating, no prospects. Sometimes I wonder what pple are buying when they buy skye shares. They need a result to really have any valuation. Atleast let them show us they have Auditors first. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:28pm On Sep 20, 2018 |
Mpeace:So you were making jest of us in skye before ni? You were the one that called it a carcass, someone else might not see it as that. Issorite! I'm done here today. See you in class tomorrow, God willing. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:29pm On Sep 20, 2018 |
Abeg oh our TA guys @fxuser & co. I hope all these volume this week on Zenith is more of accumulation and not distribution. Just asking for a friend! ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 2:31pm On Sep 20, 2018 |
Mcy56:Just don't let their result come out with u inside. Like someone once said here, ''enter the company see wetin them dey do before u buy'' |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 2:35pm On Sep 20, 2018 |
Let me do small MH for the benefits of those that boarded UACN. Already done 11% from that low of N10. These yeye stocks are good at throwing careless returns. Good luck to those in. ![]() Cc: CurrentPrice. #If only fear had let me.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:38pm On Sep 20, 2018 |
Mpeace:*peeps inside the class before leaving* Issorite! Skye was sold for 50k few days ago, today it closed at N74k, somebody somewhere made some cash already and waiting for another round. Enjoy the rest of today and don't forget to write and read today's note, will sit beside you on exam day. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:42pm On Sep 20, 2018 |
stcool: umm . . |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 3:03pm On Sep 20, 2018 |
Mcy56:Me wey never pay school fees. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 3:08pm On Sep 20, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 3:10pm On Sep 20, 2018 |
Is Pa Ewumi still in this forum? Been a while he posted anything 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 3:30pm On Sep 20, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 4:10pm On Sep 20, 2018 |
mendes911:... good to overlook noise here sometimes and follow your heart 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Phoenix6278(m): 5:02pm On Sep 20, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 5:09pm On Sep 20, 2018 |
*Daily Market Summary September 20, 2018.* The Nigerian Stock Exchange closed on a positive note as the All Share Index closed at 32,480.89 basis points, down 0.33%. Year to date, the index is down 15.07% *Top Gainers and Losers.* *Gainers* Wapco Plc was the best performing stock in today’s trading session. The stock closed at N22.75, up 9.90%. First Aluminium closed at N0.34, up 9.68%. UAC of Nigeria Plc rounds up the top three gainers, closing at N11.10, up 8.82%. *Losers* Prestige Assurance was the worst performing stock in today’s session. The stock closed at N0.56, down 9.68%. Unity Bank closed at N0.88, down 9.28%. Honeywell Flour Mills closed at N1.36, down 6.21%. *Top trades by volume* NEM Insurance Plc was the most traded stock by volume as 39.1 million shares valued at N121 million were traded in 16 deals. 36 million First Aluminum shares valued at N11 million were traded in 28 deals. 20.7 million Zenith Bank shares valued at N428 million were traded in 203 deals. Visit Nairametrics.com for more news. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 5:52pm On Sep 20, 2018 |
JoyNgofaa1: Not here take to Romance section ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 6:06pm On Sep 20, 2018 |
Zenith Bank's Earnings Will Remain Broadly Stable, Upgrade Remote—S&P https://www.businesspost.ng/2018/09/20/zenith-banks-earnings-will-remain-broadly-stable-upgrade-remote-sp/ S&P Sees “Very High Levels of Corruption” in Nigeria, Affirms Ratings https://www.businesspost.ng/2018/09/20/sp-sees-very-high-levels-of-corruption-in-nigeria-affirms-ratings/ Hello house, it is my birthday today. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 6:14pm On Sep 20, 2018 |
dipoolowoo: Happy birthday #LLNP |
Re: Nigerian Stock Exchange Market Pick Alerts by ndidigood(f): 6:19pm On Sep 20, 2018 |
dipoolowoo:Happy birthday sir.. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 6:23pm On Sep 20, 2018 |
dipoolowoo: Happy birthday...WULLNP |
Re: Nigerian Stock Exchange Market Pick Alerts by deepsuk(f): 7:13pm On Sep 20, 2018 |
Happy bday to you. Now on top d matter To all those magas pushing first alum and Skye bank here today ...god will punish u. Maybe u go con some young ppl here who don’t know your scam yet but v c u clear. Bone ur useless metrics or the poo that you are serving here saying it’s calculatons while all the by doing is trying to sell a shithouse Finally to whose who are considering buying based on these recommendations by self professed oracles and experts.....”at the end na shell holder u go b” that pop will smell from adekunle to banana 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bezzle: 7:14pm On Sep 20, 2018 |
dipoolowoo: Awww Happy Birthday Mr Dipoolowo. Thanks for always keeping us updated with market info |
Re: Nigerian Stock Exchange Market Pick Alerts by hyness: 7:42pm On Sep 20, 2018 |
Happy B.day @dipoolowoo, wishing u many more years! |
Re: Nigerian Stock Exchange Market Pick Alerts by hyness: 7:43pm On Sep 20, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 8:33pm On Sep 20, 2018 |
deepsuk: Dear Deepsuk, While repeatedly calling on God to punish people, please note the following as written in the scriptures 1)Thou shall not call the name of thy Lord in vain. 2)The foundation of the lord stands sure bearing this seal God knows those that are his so let everyone that calls the name of the Lord depart from iniquity 3)You can't serve both God and Mammon. 4) Shall we continue in sin and pray that grace should abound, God forbid. You might want to retrace from the current path on which you are on or else it might be satan that will end up punishing you Now at no point did I request that anybody should buy the stock. I only requested that the financials should be consulted before making a decision. I however might have erred in calling out other peoples recommendations as having been made without consulting the financials. I have further consulted the financials and noted the following. The main issue with First Aluminium is surprisingly not the negative retained but the capital structure. First Aluminium largely uses expensive debt in its operations and had debt of about N2.5 to N3bn as at year end 2017 at an effective rate of 24%. It paid interest of about N750m and tax of N350m during the year to give a profit of N209m. It's EBIT (Earnings before Interest and Tax) was therefore N1.3bn. If it had additional equity of N3bn it would have declared profit of almost N1bn as it would have avoided the interest payment. It therefore needs a capital raise through a rights or public issue to help ensure it works for the shareholders instead of the banks. Mgt tend to be interested in the share price of their companies when they need to raise capital and if possible help to give the share price a boost to what they think is a fair valuation for the company It is also interesting to note that it obtained a 2.5b BOI this year as shown in the 2nd quarter 2018 results which should help reduce the interest expense as these loans are typically at single digits as opposed to the current cost of funds which is at 24%. The business is a stable franchise with N10b in turnover annually which is approximately 800m monthly or 40m in sales every working day at 20 working days in a month. I once again apologies to Wanajo and others for calling their recommendation out as I believe people should be free to give their recommendations on this forum wthout any fear of backlash. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:44pm On Sep 20, 2018 |
@MonkeyHunter, you dont have to disturb yourself much about that woman's ranting. You should know 'her' better than that by now. Your posts were not directed at them neither did you say that anyone should buy the stock. You did not mention Skye at all either. Maybe I shouldn't have mentioned it here in the first place self. ![]() Please, you did what was right as far as I'm concerned. I love the fact that the Pros and Cons (as rightly put by onegentleguy) of the Company's current financial status were discussed by both you and Sir Wanaj0 and, it was really an eye opener that could be related to other stock in that category as well. Thanks for taking time out to carry out more research into the company and more importantly, shared with some of us here. Nagode. ![]() |
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