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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11520018 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by LoverOfEvil: 2:51pm On Jun 21 |
Please can anyone help me with ₦100 airtime 080221.90242 Airtel Please |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 3:00pm On Jun 21 |
Wetin? Ote magic no de work again? FBN come drop today. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:20pm On Jun 21 |
LoverOfEvil: Change your name or ask the devil for help, since you are a lover of evil 11 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 3:29pm On Jun 21 |
KayOn1: what I do? |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 3:35pm On Jun 21 |
emmanuelewumi:He is looking for money for more evil.Pls how far with wapco.last yr was not too go as they paid dividend from retained earnings. What are you expecting this yr .Or you have sold off |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:38pm On Jun 21 |
Streetinvestor2: I still have Lafarge 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:43pm On Jun 21 |
LoverOfEvil: |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 3:46pm On Jun 21 |
This thread very bullish today. It"s like BULL is around the corner.. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:57pm On Jun 21 |
UAC joliment just landed 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:58pm On Jun 21 |
jamace: Bulls start from June until... No quote me ooooi DYOR 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Meerahbel: 4:03pm On Jun 21 |
megawealth01:Please is your discord group still available 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Jaakay: 4:04pm On Jun 21 |
Bros, are you are referring to me? Chams making us recover the school fees paid on dangote sugar and nascon 😀. But on a serious note, any news from them? KayOn1: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ndept: 4:05pm On Jun 21 |
Streetinvestor2:Good move |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:08pm On Jun 21 |
A former President's daughter seems to be on the board of unity bank... Same former President was seem somewhere around the villa... We are watching closely 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:10pm On Jun 21 |
megawealth01: Before you risk investing heavily in unity bank remember three things are involved... 1. They are in loss 2. The providus factor still silent 3. Seems they might release profit quarter 3 2024 Who owns VERITAScapital? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 5:11pm On Jun 21 |
LoverOfEvil: nawaaao !! dis kain name,. dis kain request..... Blood of Jesus Christ. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 5:28pm On Jun 21 |
megawealth01: I own a little.. bought at 55k Modified: I now get the question 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:37pm On Jun 21 |
Agbalowomeri:...Agba, your TA is spot on, but I wonder why you are bearish on banks. Using Ichimoku will keep you from making money in the market, but it will also protect you from losses sha! . With the double bottom formed 4 weeks ago, that's a strong signal of a potential rally in the NGSEBNK10. As you rightly mentioned, this week's high volume could cause the banking sector's index to rally and close above 880. If that happens, then NGSEBNK10 has bottomed out; otherwise, the index may likely dip to the blue highlighted zone or, at best, re-test the 770 level. For this cycle, GTCO can hardly go below 32! 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Meerahbel: 5:54pm On Jun 21 |
megawealth01:Make we enter am? Quick talk o! I wan hammer by December |
Re: Nigerian Stock Exchange Market Pick Alerts by Meerahbel: 5:55pm On Jun 21 |
megawealth01:Who? |
Re: Nigerian Stock Exchange Market Pick Alerts by Digitron: 6:05pm On Jun 21 |
Meerahbel: Thomas Etuh, Ex Unity Bank Chairman |
Re: Nigerian Stock Exchange Market Pick Alerts by bovali(f): 6:07pm On Jun 21 |
megawealth01: Also, that Providus on unity was just rumor. I went back to read all the news articles then. All of them kept saying “sources close to the matter” lmao |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:12pm On Jun 21 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:13pm On Jun 21 |
zendi: |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 6:25pm On Jun 21 |
While those who have already made heavy money in stocks are aligning themselves in the banking stocks, those who are aspiring to be millionaires should be fast in putting their money in the insurance stocks.They have proved they worth investing. No insurance stock will trade below #1 in the next 6-12 months except those placed on suspension. There is more reward in the insurance stocks than every other stocks in the next bull.The bull is getting prepared. Make hay while the sun shines.Dont chase a moving train.you may be crushed. Custodian Nem Mansard Aiico CHI Lasaco Sunu Cornerstone Veritas Royalex Linkage MB Prestige Regal Sovereign Universal Guinea ins. None of the above will trade below #1 in the next 12 months.Look for anyone you have passion for and invest. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:33pm On Jun 21 |
SonofElElyonRet: I no get the response 😂 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:46pm On Jun 21 |
Streetinvestor2: I was just listening to "Uba Awuu Nwa" by the legendary Peacocks. The song is incredible. In the late 1980s and early 1990s, whenever it played, I would stop everything to listen, even though I didn't fully understand Igbo at the time, let alone the Owerri dialect. The voice, the part where he invoked their gods, and the moment he broke down crying were all powerful. I heard that Uba was his brother who died in the war. It goes like pa pa pa paaaaa, ra ra ra, rara raaaa in my head. The melody still echoes in my head. Record companies should be listed on the NGX. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DonDraper: 6:54pm On Jun 21 |
FIDELITY BANK PUBLIC OFFER, WHAT YOU NEED TO KNOW! The long awaited question is out. I just logged in to Facebook few minutes ago and saw that Mercy Okeke had tagged me to her post asking about my thoughts on Fidelity Bank shares. So, I decided to write about it, to give more clarity and for everyone to learn... === 1) Why Is Fidelity Bank Offering Shares to the Public? Before asking if you should buy Fidelity or not, first try to understand why the bank is offering shares to the public. If you don't know why someone is selling their product and what they want to achieve, you'll not be able to judge if it's a good buy or not. For starters, Fidelity is already a public listed bank This means that, their shares has been public for some years now. As a matter of fact, Fidelity Bank shares has been public since their first IPO in 2005 === 2) Initial Public Offering (IPO) In 2005, Fidelity Bank had their Initial Public Offering also called IPO. IPO is a term used to describe when a company offers its shares to the public for the 1st time. This means Fidelity Bank shares has since been in the market, available to buy since their first IPO. What is currently happening is that Fidelity Bank is creating/offering a new set of additional shares to the public, which is what is currently on sale. When a company is creating a special public offer for their shares, it means the company is seeking additional funds to help grow their organization and make it bigger. === 3) CBN Recapitalization Exercise If you've not been living under the rock since this year began, you would have heard that CBN gave a new mandate for banks to recapitalize. What this means is that, CBN is mandating that banks should increase their capital base (shareholders fund) This exercise is done to make the banking industry stronger and more dominant due to effect of inflation and how Naira has been falling in the past 2 decades. The last time CBN mandated this was in 2005 To understand this better, Picture how the Labour Congress has been advocating for new minimum wage for Nigerians because of the economic reality So, the recapitalization is just like new "minimum wage" for banks. === 4) Fidelity Is Not The Only One Because the recapitalization mandate for for all banks, Fidelity Bank is not the only one who would offer more shares to the public. It's just that they are the first to start it since the announcement Gtbank would follow First Bank would do their own, Zenith would do too, and like that, like that. They would all be offering new shares to meet up with CBN's new "minimum wage" === 5) Should You Buy Fidelity? If you want to get married, and you meet a fine girl, getting married to her depends on so many factors It now depends on you to see if the girl fits your dreams and ambitions They're would always be many fine girls out there You can't date/marry every fine girl that you see. Fidelity and other banks would be offering their shares Should you buy every bank, because they're offering to the public? === 6) Final Verdict My personal policy is that, I don't buy shares of a company just because they are offering it for sale I only buy if I'm convinced of them Also, I don't buy when the offer is on sale Because there would be a lot of frenzy, media hype, etc So, I personally do prefer to buy when the whole noise has calmed down, then it would be clearer to judge. === I hope I've been able to educate you and not confuse you on what Fidelity Bank's public offer is about. If you are interested in buying, that decision is yours to make. Contact your preferred stock brokerage platform/firm. === KINDLY SHARE THIS FOR OTHERS TO LEARN By the way, if you're interested in learning about the stock market and how to determine which shares to buy reach out to me on Facebook. Nathanael Disu 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:29pm On Jun 21 |
Nigeria’s FX reserves hit a three-month high as exchange rate achieves stability https://nairametrics.com/2024/06/21/nigerias-fx-reserves-hit-a-three-month-high-as-exchange-rate-achieves-stability/ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:02am On Jun 22 |
Recapitalisation: Banks Jostle To Attract Investors, Shareholders https://www.thisdaylive.com/index.php/2024/06/22/recapitalisation-banks-jostle-to-attract-investors-shareholders-in-fresh-capital-raising/ |
Re: Nigerian Stock Exchange Market Pick Alerts by NettyNelly(m): 12:01pm On Jun 22 |
nosa2: I like to know how you calculated this EPS - FX gains to arrive at PE of 2 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 1:39pm On Jun 22 |
NettyNelly: As at when I made this post I hadn't done the calculations. However having done the calculations the quality of bank earnings vary wildly, so the calculations were certainly worth doing. To help you on your path, simply look through the relevant result and subtract FX gains, typically found in other income, from the quoted profit and use that in your calculations. P.s before you ask me what my numbers were, don't! I believe doing the calculations give me a competitive advantage and until I have finished buying it is not in my interest to divulge my result. 3 Likes |
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