Mpeace:
My broda, you cannot be too sure. the market has a mind of its own oh. No one. Lets wait for TA people to tell us what the charts are saying about xmas chicken. Lol

Lool
Even FA no fit help at this time. It's that TA that should help actually

Gurus in the house, please is it advisable to buy Ellah Lake now?

unite4real:
Christmas day is over 70% gone.

This is the best time to buy chickens at a reduced entry price.

Bargain hunters take note.

Due diligence pls

lol!
...with fibonacci retracement at 25 Fib level of the month, there are 6 more days to the New Year when demand for chickens will be higher than supply. Hence, need to be a bit patient. To buy chicken at bargain price, look towards the new year when 20/23 moving average will be lower than 20/24 EMA.

Merry Christmas to you all!

PLAN YOUR TRADES AND TRADE YOUR PLANS

Mpeace:
My broda, you cannot be too sure. the market has a mind of its own oh. No one can predict. Lets just wait for TA people to tell us what the charts are saying about xmas chicken. Lol

😂 haha....Merry Xmas

unite4real:
Christmas day is over 70% gone.

This is the best time to buy chickens at a reduced entry price.

Bargain hunters take note.

Due diligence pls

DD noted..
😁...Merry Xmas...

BullBearMkt:

lol!
...with fibonacci retracement at 25 Fib level of the month, there are 6 more days to the New Year when demand for chickens will be higher than supply. Hence, need to be a bit patient. To buy chicken at bargain price, look towards the new year when 20/23 moving average will be lower than 20/24 EMA.

Merry Christmas to you all!

PLAN YOUR TRADES AND TRADE YOUR PLANS

😁...
Merry Xmas to our Very own TA

bolton08:
Gurus in the house, please is it advisable to buy Ellah Lake now?

...Interesting question!
ELLAHLAKES stock price looks like a falling knife atm. 2 ways to view the stock:

1. IF you believe in the management and the products of the company's ability to perform wonders, it's a good buy, as you attempt to buy at the bottom! Current price showing regular flat (or ranging data)
2. However, it is better to wait for daily or weekly strength. By this, you'll not pick at the bottom, but sure the stock price has high probability of going up.

If you have free cash for high risk (probably for higher reward), Option 1 is good for you, but if you are risk-averse, Option 2 is better.

chimex38:

😁...
Merry Xmas to our Very own TA

Merry Christmas to you, @chimex38!

BullBearMkt:

lol!
...with fibonacci retracement at 25 Fib level of the month, there are 6 more days to the New Year when demand for chickens will be higher than supply. Hence, need to be a bit patient. To buy chicken at bargain price, look towards the new year when 20/23 moving average will be lower than 20/24 EMA.

Merry Christmas to you all!

PLAN YOUR TRADES AND TRADE YOUR PLANS

Na WA oooo
Technical analysis, fundamental analysis plus charts on top chicken trade

emmanuelewumi:




No be everybody dey spiritual

Hello bro.
Please what books can I read or courses to attend to brush me up on stock trading? Just need your guidance.
Is reading a company's financial statement enough as a guide to pick a stock?
What do you think about mutual funds? I am also looking towards acquiring some with Stanbic IBTC with average return of 40% per annum.
After registering with cscs and a broker, do I just read financial statements and then buy a stock or there are graphs to look at like forex before trading?
Do we have a TA and fundamental analysis platform for guidance before picking a trade on Nigeria stock exchange?

emmaodet:


Hello bro.
Please what books can I read or courses to attend to brush me up on stock trading? Just need your guidance.
Is reading a company's financial statement enough as a guide to pick a stock?
What do you think about mutual funds? I am also looking towards acquiring some with Stanbic IBTC with average return of 40% per annum.
After registering with cscs and a broker, do I just read financial statements and then buy a stock or there are graphs to look at like forex before trading?
Do we have a TA and fundamental analysis platform for guidance before picking a trade on Nigeria stock exchange?

where did that 40%PA come from?

bolton08:
Gurus in the house, please is it advisable to buy Ellah Lake now?

Since 2020, a total of 312 million units, representing approximately 15% of the 2 billion outstanding shares, have been traded (All traded shares were assumed unique, meaning they weren't re-purchased and sold within the considered period).

This suggests that once the company starts generating revenue, the stock price could see significant upward movement. In the meantime, a further decline seems unlikely.

Notably, if the 85% shareholders have held their stock since 2020, it's likely they have good reason to believe in the company's future potential.

However, the proposed issuance of 1 billion new shares could pose a potential challenge.

Below are the 5 stocks in the agricultural sector.

bolton08:
Gurus in the house, please is it advisable to buy Ellah Lake now?

ellah lake is on my radar..... agriculture sector is a silent gold mine.

yeddy99:

where did that 40%PA come from?

This

ositadima1:


Since 2020, a total of 312 million units, representing approximately 15% of the 2 billion outstanding shares, have been traded (All traded shares were assumed unique, meaning they weren't re-purchased and sold within the considered period).

This suggests that once the company starts generating revenue, the stock price could see significant upward movement. In the meantime, a further decline seems unlikely.

Notably, if the 85% shareholders have held their stock since 2020, it's likely they have good reason to believe in the company's future potential.

However, the proposed issuance of 1 billion new shares could pose a potential challenge.

Below are the 5 stocks in the agricultural sector.

Ok. So do we go for it irrespective of the 1 billion new shares or hold our horses?

sonofElElyon:


Ok. So do we go for it irrespective of the 1 billion new shares or hold our horses?

This is not intended as a buy or sell recommendation. I am merely presenting my observations, which are subject to further analysis and debate.

emmaodet:


This

No big deal that is the average return by most equity funds.

Remember the All Share Index increased by about that

Gurus, which one of the below stocks are good to buy now:

Julius Berger

AIICO

Wapco

Vitafoam

narite:

Not financial institutions in Nigeria, more like international institutions. Taking loans with this institutions mostly called exchanges is way more easier compared to our own institutions.

Despite my huge losses in the space, I have really grown fond of the space mostly due to versatility, speed and robustness. You could find almost any financial tool in krypton.

You should take a closer look at that thing. It not as dangerous as people screamed it to be. At first, you might suffer significant losses but over time you get better. So, I advise you go there with little money to mitigate against losses which you are bound to make due to inexperience.

USDT based loan, and what's the repayment structure like in terms of interest and tenor. Is it also available on binance? Pls shed more light on this if you don't mind.

emmanuelewumi:



No big deal that is the average return by most equity funds.

Remember the All Share Index increased by about that

@ the bolded.... I don't understand that statement.
Can you explain better

femu:
Gurus, which one of the below stocks are good to buy now:

Julius Berger

AIICO

Wapco

Vitafoam

Throw away A n O sharply

Mfunkynation:

Throw away A n O sharply

You mean AIICO?

Here are the banking stocks, along with their market capitalizations and outstanding shares, listed in ascending order of market cap. The market capitalization was calculated by multiplying the last closing price by the number of outstanding shares.

My question is: Does this order accurately reflect the relative value of these companies? Would incorporating current or 2022 earnings alter this order significantly?

The trillion-naira capitalization club, home to the Nigerian Stock Exchange giants, could soon welcome Dangote Foods Plc.

With its proposed 17,351,322,596 shares and a current share price of 57.45 naira, Dangote Foods would boast a market capitalization of 996.8 billion naira.

Reaching 1.7 trillion naira mark would require a share price of 100 naira, placing it behind BUAFOODS still!

sonofElElyon:


Must you comment?

must you post?

ositadima1:
The trillion-naira capitalization club, home to the Nigerian Stock Exchange giants, could soon welcome Dangote Foods Plc.

With its proposed 17,351,322,596 shares and a current share price of 57.45 naira, Dangote Foods would boast a market capitalization of 996.8 billion naira.

Reaching 1.7 trillion naira mark would require a share price of 100 naira, placing it behind BUAFOODS still!

Is it more valuable than Flourmills group?

femu:


Is it more valuable than Flourmills group?

Definitely, it would be a combined business of Dang sugar, Dang rice, and Dang salt. The idea is to pursue the kind of valuation that BuaFood currently has. I don't see FMN topping that.

Trojan8:


Definitely, it would be a combined business of Dang sugar, Dang rice, and Dang salt. The idea is to pursue the kind of valuation that BuaFood currently has. I don't see FMN topping that.

Flour Mills is about N137B market capitalization while Dangote Sugar alone is almost N700B.

Nascon which is about N136B is going head to head with Flourmills.

By the time Rice is combined, Flourmills should be behind by more than 7 times in market capitalization to Dangote foods

ositadima1:
Here are the banking stocks, along with their market capitalizations and outstanding shares, listed in ascending order of market cap. The market capitalization was calculated by multiplying the last closing price by the number of outstanding shares.

My question is: Does this order accurately reflect the relative value of these companies? Would incorporating current or 2022 earnings alter this order significantly?

How come I missed this.I thought I saw JAIZBANK with Os of 20billion.what is the bank doing with os of 34 billion. This is then a candidate for reconstruction....red flag

Streetinvestor2:
How come I missed this.I thought I saw JAIZBANK with Os of 20billion.what is the bank doing with os of 34 billion. This is then a candidate for reconstruction....red flag

What about FBNH with OS of approximately 36billion

Objectivist04:


What about FBNH with OS of approximately 36billion

is fbn and JAIZBANK mates in anyway JAIZBANK is a glorified micro finance bank

vacanci:


must you post?

My post was for those willing to offer reasonable advice not mumbo jumbo