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Nairaland Forum / BabsO2's Profile / BabsO2's Posts
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KarlTom: You may be right I don't know. A lot do have their money in the NGX in the businesses they run (directly or indirectly) and many others like NSEMPA people have a chuck of their portfolio in NGX. See current NGX top investors in the attached picture ![]() 5 Likes 1 Share
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crownprince2017: The discussion is not about wrong or right. But about market opportunities and options. Nigeria has a lot of untapped comparative advantages waiting to be tapped. Nigeria is an emerging market. If the anticipated growth scenario of unleashing growth occurs Nigeria should be earning far more forex than it currently earns with an unleashed GDP. In this scenario the stock market will grow exponentially or at least massively and the exchange rate will be stabilized like it happened for South Korea decades ago. 2 Likes
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crownprince2017: Individuals and Fund managers balance their portfolio somehow as no one is certain of the future. For example, I understand FPI's bought 79% of the fat N1T FG bonds sold in Feb 2024. These were the 2031 & 2034 bond debuts. Definitely they made their calculations, took their risks and injected the $$$'s into NGN bonds with hope of profit ![]() https://guardian.ng/news/foreign-investors-buy-79-of-oversubscribed-cbn-bonds/ 1 Like |
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Picky1: A bargain hunter will chase the 2031 & or 2034 to get a yield of 20% yearly as implied for the next 7 or 10 years. Those targeting cash flows at specific months may choose those that align with their desired month. Won't be surprised some long-term investors may be tempted to sell DS or other stocks to lock-in a fixed 20% income yearly. 5 Likes 1 Share |
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Frangel: For Banks and a few companies that have financial instruments, the EPS based on PAT doesn't represent the full value of accrued benefits to shareholders compared to comprehensive income per share (CIPS). And it is the comprehensive income that shareholders are entitled to that gets added to shareholder funds. FA Bank investors, need to pay attention to CIPS also, along with EPS & the shareholders' fund and its components. |
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sky2891: That will be a good move. |
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ndept: So three more weeks to go. Let's see if it will make a new pre-court outcome high. And breakaway thereafter ![]() |
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Locotrader: If the court case ends by chance this time around it will be breakout from the gbelo gbebo ![]() 2 Likes |
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Locotrader: You mean another push up cycle may be coming. The price in the last one or two weeks have averaged around 11.4 It will do as if it wants to go up, then offers will start coming in trickles again pulling the price down. While all the time demand is always more than offers with people demanding at much lower prices ![]() 1 Like 1 Share |
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thebargainhunte: Good Oando/Edo state news. ![]() Nigeria needs good success in expanding electricity generation sources and capacity. Make Wale forget the buy out. Make buy out no happen. |
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FBNH Board Appointments. Looks interesting. https://doclib.ngxgroup.com/Financial_NewsDocs/40573_FBN_HOLDINGS_PLC-NOTIFICATION_OF_RECENT_DEVELOPMENTS_IN_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MARCH_2024.pdf |
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yMcy56: Profit takes no gree Elephant beat Zenith |
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Streetinvestor2: Let Oando price climb up to safegaurd the hope double fold. A very high buy out price if it must happen which is going to be challenged by shareholders who want to benefit from the turnaround. Any buyout short of the highest PO with time value of money interest must be rejected. Outright cancellation of the buy out. Those that want to exit can sell on NGX. Oando currently top quartile in terms of value of transactions on NGX so those that want a buy out or want to leave can still leave. While those that want to stay can enjoy the turnaround in full. |
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BabsO2: Chai the FBNH bull could not clear the long queue with 38million units swallowed today. What a long queue of Shareholders wanting to lock some profits. |
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Streetinvestor2: Acquisition if done well is expansion and growth in capital base. It's paying of dividends that depletes capital of a bank. So banks need to balance paying too much in dividends with organically growing their capital base from retained profits. |
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dapix: There is a long queue of offers waiting for the FBNH bull at various junctions ![]() Make the FBNH bull no gree especially for the bearish offers that are below last closing price. At least let FBNH keep Zenith below it while preparing to catch GTCO. |
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maishai: My average for FBNH before I started selling small small was N5 Due to devaluation, the so called high prices of banks is not real. As the prices are better underpinned by book values and EPS unlike previous peaks. So there are probalilities for further upsides if impairment charges do not create much damage. Also if all these examinations do not turn up something bad. https://moneycentral.com.ng/exclusive/article/panic-in-banks-as-cbn-sends-special-examiners-over-n20trn-owner-related-loans/ 1 Like |
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Streetinvestor2: N2 to 4 looks doable. I will not be surprised if N3 is paid. I will only be surgrised if less than N1.5 is paid. |
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BabsO2: Any one selling FUGAZ and the others right now, thinking they will tank because of high interest rates in the money markets may regret it. ![]() FBNH looks juicy though for small profit taking. ![]() |
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Streetinvestor2: I am wondering too what is happening in FBNH. My suspicion is it is not about results beyond what has already been released as unaudited 2023 FY. That unaudited result indicated a book Value of N47, EPS of N 8.56 and Comprehensive Income per Share of N 20. Ideally the EPS should be repeatable year in and year out going forward with increments sef. While the Comprehensive per share suggest a mark of N12 per share from forex gains (Realized & Unrealized) at (perhaps exchange rate of +/-N850) Hence Ote$ or another major investor see's the bank as grossly undervalued and is taking his or her position and in the process bringing out the correct valuation in the market. 1 Like |
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debeey87: Searching further Ote$ was even in Transcorp from the beginnings. Looks like the company passed through various phases of uncertainty. Tony over time took control and bought in more and more (perhaps codedly). And returned strongly recently (perhaps over the last 10 years and even more over the last two years when Ote$ attempted a late repositioning). I was searching for the name of the other Tony (younger than Tony Elumelu) that at one time led Trasnsorp. And there seem to be no trace of his name on the web. Please does anyone remember the full name of this other Tony. 1 Like |
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BabsO2: https://nairametrics.com/2024/03/07/the-journey-that-led-the-listing-of-transcorp-power-plc/ See the interesting recollection in this article. See Transcorp's hardwork behind the scenes that lead to TransPower. 1 Like |
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emmanuelewumi: Was searching for something and this 2020 post came up ![]() Some may still hold this perception. Time will tell - It's a great gem through the leadership of Tony Elumelu or ?. 2 Likes |
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unite4real: Don't know where the MTN came from. I was referring to the Elephant bull ![]() I have edited the post to correct z error. 1 Like |
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FBNH selling at N40 right now. This FBNH bull means serious business. ![]() |
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https://www.bloomberg.com/news/articles/2024-03-14/ngn-usd-naira-official-black-market-rates-converge-goldman-sachs-sees-gains Abeg make the naira start gaining quickly 2 Likes |
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Mfunkynation: Yes looks like internet service instability today added to the problems. Some websites even had difficulty opening up too. While others were not as smooth as other days. 1 Like |
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TsarZed: I think the Bank rally will continue with or without FPI's coming in as many are underpriced. The rally will surely be boosted if FPI's come in, but that may not be a good thing on the long run if the GDP doesn't benefit in terms of export growth. I also think TransPower rally will continue at a slower pace and may not go above N500 this year. But will not be surprised of pull backs now and then to as low as N350. 4 Likes |
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Are FPI's coming ? Stock market surges to highest level in one month as investors await FPIs The Nigerian stock market, the NGX appreciated to its highest level in nearly a month as investors positioned for the much-anticipated return of FPIs. The All-Share Index appreciated by 1.45%, representing a 1,479.60-point gain from yesterday’s 102,044.84 to close at 103,524.44 points https://nairametrics.com/2024/03/12/stock-market-surges-to-highest-level-in-one-month-as-investors-await-fpis/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%23104842+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=71043eb8ce939a781ee004f5918df06ad94def69 If FPI's enter UBA they will get it for cheap. The problem is when they exit they will cash out on Nigerian investors. ![]() 2 Likes |
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Princkez: Heavy interest and accumulations for over a year that has moved it from N1 to what we have today. Last year April was a MASSIVE volume with 5.4b units traded. ![]() 1 Like
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BullBearMkt: Prices inching up gradually in bank shares. UBA now back to N24. I hope the sector index will close above the top barrier this month. 2 Likes |
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Mpeace: It is clearer with the listing of Transpower that Trancorp Plc has more values waiting to be unlocked. Some don't have the patience to wait for the unlocking of values or don't trust Tony and want to run with the money (or a part of the money) they see today. While some strategic investors (most likely big funds) are now ready to take positions and participate in the future growth of Transcorp Plc. ![]() 1 Like |
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