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Nairaland Forum / BabsO2's Profile / BabsO2's Posts
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:15pm On Jan 19 |
123ABCXYZ: Black rock just met with the CBN governor this week. Hope they got positive insights. Also don't forget the ratings agencies upgraded Nigeria last year. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:01pm On Jan 19 |
ositadima1: Add gradually increasing oil production to the picture 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:16pm On Jan 17 |
Now it pain me small that I didn't attempt taking my WEMA rights. I was put off with the form's first page statement that dublicate or copy forms will not be accepted. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:50pm On Jan 17 |
megawealth01: Wetin you dey see I agree with yMcy56's hunch that it's accumulation by strategic cats. KarlTom also shared the sentiment. My clues are Wale - 1. Would be slow to brag about turnaround, 2. $ cashflows - If OandO was bent on buyout. Plus for real some shareholders are too pained with leadership of the company and want to exit their perceived nightmares. Wale talked about how they settled a fat one in the last AGM. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:31pm On Jan 17 |
yMcy56: It will be clearer in the following months. Heavy dumping by OandO forcing the price down to prevent a high buy-out price or Heavy dumping by major shareholders that just want to leave. and or Heavy buying by common shareholders in good faith and or Strategic buyers, the way ote$ kicked-off buying FBNH or Transcorp shares. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:22pm On Jan 17 |
megawealth01: How should one position. Difficult to predict, but there is a high likelihood, the economy will follow the lead of the market in the coming months and years. Leading to a bull of several years as the economy expands. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:56pm On Jan 16 |
emmanuelewumi: Not far from the N50 I will not be surprised to see it reach this year. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:46pm On Jan 16 |
Zagee: His hands are full. He still has a lot to deliver on 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:43pm On Jan 16 |
yMcy56: I will not be surprised if UBA gets to N50 this year. Everything looks set for this to happen once it upgrades it's final dividend to N3. Bringing total dividend to N3.50 . |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:10pm On Jan 15 |
Felt the market bull was strong today looking at closing prices. Data shows a 2% gain in the All Share index today ! One of the strong days
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 3:29pm On Jan 15 |
megawealth01: Oando is a TURNAROUND. The buyout must not happen. Rather we must enjoy the turnaround and not only Wale & his inner circle chopping everything . |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 3:22pm On Jan 15 |
Today's bull is strong. Ahead Ahead joor. Oando enough gbelo gbebo Creeping up small small |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:15pm On Jan 10 |
megawealth01: I took some snaps on Morningstar today for comparison in a month's time to see if any movements 1 Like
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:06pm On Jan 10 |
megawealth01: Perhaps some foreign portfolio investors have zeroed in on his stocks. He has marketed investing in Africa/Nigeria a lot in the last couple of years. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:23pm On Jan 09 |
emmanuelewumi: Double check the UBA book value per share you quoted. It is an understatement UBA has a book value per share of N50 based on 2023Q3. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:27pm On Jan 09 |
BabsO2: Nigerian banks despite the rally so far are still relatively undervalued compared to their peers in Africa as seen in the picture below. For international smart money looking for African investments, Nigerian Banks still look relatively attractive according to this picture . Not a Buy recommendation. Just a note. DD please. 1 Like
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:03pm On Jan 05 |
megawealth01: Requires no discussion. Enough said Just reporting back on market performance. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:05pm On Jan 05 |
Oando drop today. But overall gain small this week. The sideways trading don do. I am still bullish on it and looking forward to at least 400% this year. Transcorp already done a 1000% since this time last year DD please. Not an investment advice. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:16pm On Jan 04 |
This summary picture of Global equities suggests Nigerian stocks with PE's mostly under 10 are still undervalued compared to the rest of the world. While US stocks are relatively overvalued but are not yet at prior peak values. 2 Likes
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:10pm On Jan 03 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:33pm On Dec 22, 2023 |
December bull picked up this week |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:18am On Dec 22, 2023 |
megawealth01: Shame go catch Wale to offer such trash |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:01pm On Dec 18, 2023 |
DrAwo: Reminds me of the fruits trees around while growing up. We need a new drive to plant fruit trees all over our cities 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:26pm On Dec 15, 2023 |
KayOn1: Some even sold off at N8 in March 2023 And even at N9.xx in June 2023 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:16pm On Dec 15, 2023 |
UBA staying strong in Km 24. Looks like all the weak hands that want to jump out are out. Offers are looking only upwards 24, unlike FBNH that suffers with offers below 24 once the strategic buyers step back small. UBA needs to upgrade final dividend to at least N2 to stay positively above N20 and it can comfortably sustain such dividends going forward. That is N2.0 final and N0.5 Interim, bringing total annual dividend to N2.50. It can also comfortably aspire to grow the final dividend every year and become a trustworthy dividend growth stock like GTCO or Zenith. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 7:16pm On Dec 13, 2023 |
emmanuelewumi: That's why most banks will not achieve close to book values till inflation goes down. Used Yahoo to quicky check a few global banks many are down in market price and operate at price to book values in range of 0.5 to 1.5 right now with Europe more bearish than North America 1 Like 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:51pm On Dec 13, 2023 |
emmanuelewumi: GT always commands better market price due to long standing trust by investors due to its better returns with respect to book value etc. Its price has been operating within 10% of its book value for quite a while and looks set to exceed book value. Globally many banks have share prices at or above book value. Our banks are not different in leverage compared to global banks. I think our banks even have higher CAR's due to more stringent CBN regulations which is fair in view of the operating environment. I noted till inflation reduces to single digit most Naija banks will continue selling at discount to book value. (Interest rates will drop when inflation rates drop) 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:15pm On Dec 13, 2023 |
Good to see UBA at N24. Slow and steady it is marching forward. It still should have a long way to go as book value is already above N50 since Q2 results. Abi the book value na fake? I don't think so. When will confidence return with banks trading close to or above book values ? Perhaps when inflation returns to single digit. Not a buy recommendation. Just a short note at Km 24. 4 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 2:45pm On Dec 11, 2023 |
KarlTom: It should be looking at the date. Got the notification from a stockbroker. But have not seen it yet on NGX website. Perhaps it's on the way there. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:43pm On Dec 11, 2023 |
WEMA Rights Issue of 8,572,103,573 Ordinary Shares of N0.50 each at N4.66 per share on the basis of two (2) new Ordinary Shares for every three (3) Ordinary Shares held as at the close of business on September 28, 2023 Acceptance List Opens: December 11, 2023 | Acceptance List Closes: December 29, 2023 This rights offer is rapid !!!! |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:56am On Dec 11, 2023 |
Mpeace: It's for Banks 1 Like 1 Share
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:28am On Dec 11, 2023 |
It looks like people are no more keen on selling shares at give away prices this morning. As offers at low prices are not forth coming. The FBNH buyer or buyers will be forced to buy at higher prices if their accumulation must continue. 1 Like |
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