Nigerian Stock Exchange Market Pick Alerts - Investment (8235)

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Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 9:39am On Oct 02

Princkez:
OANDO might be on full bid today...

Very likely.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 9:44am On Oct 02

Princkez:
OANDO might be on full bid today...

Even at the risk of Media Homie label 🏷

Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 9:45am On Oct 02

Will the UBA rally be sustained ?
How long can it run? 🤔

Re: Nigerian Stock Exchange Market Pick Alerts by Choiceguy: 9:48am On Oct 02

SonofElElyonRet:
Will the UBA rally be sustained ?
How long can it run? 🤔

The only bank that paid 200k int.dividend is stanbic and it is trading for N57

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 9:51am On Oct 02

Choiceguy:

The only bank that paid 200k int.dividend is stanbic and it is trading for N57

it takes more than N2 dividend to trade at N57

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:51am On Oct 02

SonofElElyonRet:
Will the UBA rally be sustained ?
How long can it run? 🤔

I would be very surprised if it ends with another 10% today

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 9:54am On Oct 02

Who has seen the pre-open order book on UBA? shocked

Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 10:00am On Oct 02

Ding

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:00am On Oct 02

Ding

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:01am On Oct 02

It will... 💯

Agbalowomeri:

I would be very surprised if it ends with another 10% today

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:03am On Oct 02

dapix:
Who has seen the pre-open order book on UBA? !!

Re: Nigerian Stock Exchange Market Pick Alerts by designking: 10:05am On Oct 02

If Ellah Lake drop another -10% today... It means it will return to where it came from.

UBA might do another full bid today

Re: Nigerian Stock Exchange Market Pick Alerts by gbengafaro1986: 10:12am On Oct 02

i dunno about UBA doing full bid, i thank UBA for the extra liquidity But we all know the N2 dividend is just for ToE to gather cash to take his rights, they made less profit, the dividend is not backed by fundamentals

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:15am On Oct 02

designking:
If Ellah Lake drop another -10% today... It means it will return to where it came from.

UBA might do another full bid today

Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:18am On Oct 02

Omooloriredade:

https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/

This one?

In my opinion, still not the best move for Oando. Consolidate your Upstream business and clean up your books first. There is money to be made in Upstream liquids and Gas.

Oando is late to the party. Dangote has some positives - brand new refinery, latest technology, economies of scale, largest in the region. They will just be able to squeeze out their desired margin.

Sometimes it is better to buy a brand new car than buy a very old Mercedes benz. The benz might send you to an early grave.

Read this one too:
https://www.guardian.co.tt/business/petrotrin-refinery-attracts-nine-new-proposals-6.2.2051474.3eb2e1115c

It's definitely better to buy a brand new.

Not against your view in the slightest esp giving the risky, heavy capital, industrial and margin nature of the business

But trying to view this from a different perspective if they can pull it off,

But I think for both entities, they are trying to secure a market for their products..so as to increase the liquidity and availability of the supply/distribution Chain process down to final consumers for their major business line. Since this business-area is highly industralized, volatile, subject to long term contracts and as you inferred, already dominanted by the top IOCs and their subsidiaries.

Apart from export terminal in the Caribbean islands, Dangote also has few Oil wells of his own.

Comparing, Most of the Top IOCs have large Depot warehouses for their products. A ready market for their product when required.
I think SPDC should be the largest worldwide.
Some are also in the core downstream(Totalenergies), and for other IOCs, if not in Nigeria, they are in the Mid/downstream in other countries.

My summary is:
Non of the Top companies, exist purely as Upstream, downstream or Midstream. They are all in the distribution Chain partly to secure their market.
That has contributed to their relevance and dominance over the years.

So probably having a refinery to help guarantee their crude product market isn't bad.

But their books need to be cleared first. I suspect bargain price entry as the attraction for a desperate country wanting to sale/lease.

Based on the detailed second link you posted, the risks associated with purchasing old refinery are enormous and should be a no-no for now..

But if Wale could revive or start production with a portion of the refinery
(if their deal scales through) like kerosene, aviation fuel, etc, more like a modular aspect of it..
We know the Ajakuta steel mill is bad, but I learnt a portion functions to produce some basic iron parts(dunno how true).

Just like it's better to buy a new Mercedes than overhaul an old one..
But if a new one is out of reach at present, The engine of a cheap old Mercedes alone can be partially revived at least to take you down the street of your house From time to time. grin

Hopefully when the books are very good in years to come; then the Benz can gradually/fully be revived along side the bodywork in the long term for an inter-state journey.
Thereafter you fit even buy another Benz grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:18am On Oct 02

Harvestock01:

Even at the risk of Media Homie label 🏷

MH = ''Monkey Hunting''
For more details, context etc you may contact @Godlyguy, the one who propagates the use of the phrase, especially as regards Oando

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 10:21am On Oct 02

megawealth01:

Return where it coming from is our prayer for we the people in that bus, but it's not likely.

Ellahlakes buyers are like, speculators bring on your ellahlakes and we would clear it no matter many they are... grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 10:25am On Oct 02

Only speculators will sell there gold because they didn't know the value, reason why monkey will always value banana than money.
Bring it on..
grin

We are waiting for the right numbers in a matter of weeks and ellahlakes will fly above the sky...
cool

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Pete002: 10:27am On Oct 02

dapix:
Who has seen the pre-open order book on UBA? !!

currently at #27.9 ?

Re: Nigerian Stock Exchange Market Pick Alerts by Xidget: 10:29am On Oct 02

CAVERTON wants lose all the weight it gained before it takes a break angry

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 10:33am On Oct 02

gbengafaro1986:
i dunno about UBA doing full bid, i thank UBA for the extra liquidity But we all know the N2 dividend is just for ToE to gather cash to take his rights, they made less profit, the dividend is not backed by fundamentals

And it is dangerous investing in companies like this

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:36am On Oct 02

Xidget:
CAVERTON wants lose all the weight it gained before it takes a break

Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 10:37am On Oct 02

Willie2015:

UCAP Research raised TP to N5000 plus

The Mobil divestment has largely been factored into Seplat current pricing, so don’t expect the sort of Oando bull when the deal is sealed.

Recall in 2022 president Buhari did approve the divestment and Seplat shares experience some bull back then, only for the same president to reverse his decision few days later in a move that clearly showed he was not on top of things as president and minister of petroleum

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:38am On Oct 02

gbengafaro1986:
i dunno about UBA doing full bid, i thank UBA for the extra liquidity But we all know the N2 dividend is just for ToE to gather cash to take his rights, they made less profit, the dividend is not backed by fundamentals

According to you, what's the fair value of UBA with profit of N401bn?

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 10:38am On Oct 02

crownprince2017:
Only speculators will sell there gold because they didn't know the value, reason why monkey will always value banana than money.
Bring it on..

We are waiting for the right numbers in a matter of weeks and ellahlakes will fly above the sky...

...learn to humble in your extreme confidence. The market has a way of humbling someone.
grin

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:40am On Oct 02

Tpharell:

The Mobil divestment has largely been factored into Seplat current pricing, so don’t expect the sort of Oando bull when the deal is sealed.

Recall in 2022 president Buhari did approve the divestment and Seplat shares experience some bull back then, only for the same president to reverse his decision few days later in a move that clearly showed he was not on top of things as president and minister of petroleum

My CP for Seplat is below N1300...
I still have d capacity to increase my units...
I assure u it will clear N5k comfortably before fin yr end

Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 10:41am On Oct 02

In a sane system somebody will pay a hefty price for that Caverton “mistake” which is causing massive loss to investors.

How is that even a mistake, and how did regulators miss such obvious blunder?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 10:45am On Oct 02

Willie2015:

My CP for Seplat is below N1300...
I still have d capacity to increase my units...
I assure u it will clear N5k comfortably before fin yr end

Sure it will more than likely climb above 5,000 based on it’s organic growth not so much the Mobil acquisition. It’s just now waiting for the usual ‘divine intervention’ to do 4,500 being on full bid at 4100 now

Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 10:45am On Oct 02

Tpharell:
In a sane system somebody will pay a hefty price for that Caverton “mistake” which is causing massive loss to investors.

How is that even a mistake, and how did regulators miss such obvious blunder?

What is the mistake made bro?
grin

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 10:46am On Oct 02

BullBearMkt:

...learn to humble in your extreme confidence. The market has a way of humbling someone.

Na the person wey they compare caverton wey yahoo them with numbers with ellahlakes cause am...

grin

No vex my oga..

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:47am On Oct 02

BullBearMkt:
...learn to humble in your extreme confidence. The market has a way of humbling someone.

Well said Boss.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:50am On Oct 02

Zenith Bank say make we no vess, dem dey do one kind maintenance like that, I vess call them to tell them my angry mind

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