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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): 5:20pm On Dec 08, 2023 |
KarlTom: Access & UBA closed with gains of 25 & 50 Kobo respectively. Even Oando add 5 kobo gain. Next week and rest of the month will likely remain positive. With December closing in Gains. Noticed ETI gained a wooping 185 Kobo this same Friday . It doesn't want Access and UBA leave it behind 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:29pm On Dec 08, 2023 |
mikeapollo: If this slips out to the market, the price will stop falling again. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:15pm On Dec 08, 2023 |
vacanci: Looks like strategic mopping of FBNH is still on. The buyers are currently buying patiently in small bid tranches or picking offers up as they show instead of showing the bids. With a tactic of pulling down the price till another aggressive buying ops come up when the bullion van is fully reloaded. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:55pm On Dec 06, 2023 |
ProphetUtuocha: if it doesn't delist post 2022 & 2023 results at N7.07, It will always be available at higher prices. That is remember: Thou shall not find it at bargain hunter prices 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:45pm On Dec 06, 2023 |
Locotrader: May be a strategy to drop price by some in the know of probable outcome so as to buy more at bargain prizes. It's a puzzle and a pure betting exercise to me. My bet is the company will not be delisted I have no prophesy right now on what will happen. I have both pro and con thoughts. Wale also said it may happen it may not happen. If the company wants to delist it will just issue extremely bad results all the way. But results released so far were mixed. We don't know what 2022 and 2023 that they have approved auditors for, will be like. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:48pm On Dec 06, 2023 |
mikeapollo: Indeed. If the price comes further down, it's time to buy more. *****Not an investment advice. But stock betting thoughts.****** 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:15pm On Dec 05, 2023 |
BabsO2: With FBNH closing at N26.75 today, with very heavy momentum. The earlier planned rights is looking obsolete. A new price like + N30 may be the plan for the rights. A price closer to book value. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:09pm On Dec 04, 2023 |
emmanuelewumi: The low PE's in many cases were caused by earnings growing faster than price appreciation over the last 5 to 10 years. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:41pm On Dec 04, 2023 |
Streetinvestor2: All what we are discussing, explain why Naira bonds even at current high yields don't look so attractive to a stockmarket bargain hunter. When there are many stocks with low PE's. Also a strong reason why the market will not go down despite high bond yields. People waiting for the market to go down will likely be disappointed as it's not worth cashing out anyhow on stocks at current prices. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:24pm On Dec 04, 2023 |
Streetinvestor2: That means the markert is currently full of bargains. Or in other words currently under-priced as many stocks have a PE less than 10 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:44pm On Dec 04, 2023 |
aj8: This in other words is simply a PE of 4 or less is a good entry point for a target growth stock. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:38pm On Dec 04, 2023 |
yMcy56: Currently Full bid. With over 28 million uints buy mandate on the floor at N24.35 with no sell offers. Who is buying it this time. I sold some at N20 weeks ago. Will not sell anything again for less than N30
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:27pm On Dec 04, 2023 |
Mpeace: For this one, maybe and maybe not. Either way UBA Shareholder funds is growing nicely. The statement of financial position is also growing excellently (not just only SHF) 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:16pm On Dec 04, 2023 |
yMcy56: UBA - Doing well in Nigeria and Africa 1 Like
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:53pm On Dec 03, 2023 |
SetrakusRa: Nice investigative write up. And nothing is happening to Etuh et al as he cannot do it alone How can this affect other banks that may have those who want to use ‘The Best Way To Rob A Bank Is To Own One.’ It's a good idea to check who the auditors of the companies we invest in are. 3 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:15am On Dec 01, 2023 |
Payunsin: If you are not averse to risk, OANDO. That's what I will be buying, because to me it has higher probability of upside than that of downside. And the downside risk has a floor of N7. Many banks still look good even though they have gained a lot this year. There is a very high likelihood they will continue gaining if there are no local or global disruptions. Top picks for me are UBA, FCMB & ZENITH. NB: No one can predict local or global disruptions with a certainty. So there are risks of capital loss involved in stock investment. Not a good idea to invest money one will need within a year or two in the market. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:46am On Dec 01, 2023 |
BabsO2: November finished strong with the index gaining and many portfolios gaining 5%, 10% and even more in November. December gains looks likely with the banks trying to outbeat each other in recovery from under-valuation. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:04pm On Nov 30, 2023 |
stcool: Look carefully The exchange rate used for income statement is 582 But that used for statement of financial position is 776 Looked at prior years too I can see they used different translation rates for the income statement and statement of financial position but the gap was not as wide as the rates for this Q3 report. And these are audited reports. Why are they using multiple translation rates Perhaps due to mix of several currencies, the face value report rates come out differently for the various statements. On valuation basis ETI is not that relatively under-valued in comparison to Nigerian banks. It's just in the middle of the pack of valuations of Nigerian banks. 2 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:42am On Nov 29, 2023 |
Locotrader: Different people have different target prices for it on the sell and buy side. Overall the market price trend seem to be creeping up small small. Perhaps till a major pronouncement is made. It will be nice to know if those linked to management are secretly mopping it up. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:09am On Nov 29, 2023 |
BabsO2: Since the last AGM approved the Auditors for 2022 & 2023, the 2022 may come late. Perhaps in Q1 next year. Or 2022 & 2023 may come out together in 2024 Q1 or latest Q2. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:05am On Nov 29, 2023 |
yMcy56: Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts. Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:24pm On Nov 27, 2023 |
BabsO2: I noticed StanbicIBTC stockbrokers have raised their TP for GTCO and Zenith to N60 and N50 respectively for quite a while. 4 Likes
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:55pm On Nov 27, 2023 |
mikeapollo: Praying is in order !!! Even in court, they use the word pray. Also in local general meetings (AGMs inclusive) they pray at beginning and at end. May the court answer our prayers tomorrow. The best answer will be to strike off the whole buy out thing. And instruct minority shareholders that elect to sell to do so in the market as OANDO is one of the most actively traded stocks on the exchange. As one of the key purpose of the exchange is the disposal and buying of shares of PLCs. Buy out case struck off and closed. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:11pm On Nov 27, 2023 |
yMcy56: The rights have not been done but was approved for execution. It's not a private placement that can be done secretly. So the rights is not yet done. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:09pm On Nov 27, 2023 |
stcool: Dividends for banks generally will likely rise next year to support growing share prices. The recapitalization must be done at fair values close to book values or even more than book values for banks like GT. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:59am On Nov 27, 2023 |
yMcy56: At this rate (following CBN recapitalization vision for $1T economy) current FBNH rights issue may be canceled and replaced with a fresh one at a higher price like N25 or more in a year or two. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:15am On Nov 27, 2023 |
Locotrader: Welcome to the party. Predict Oando will finish November stronger than it is right now. And gain more in share price in December. Not an investment advice. Do your DD and manage your risks as you attempt to create wealth. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:17pm On Nov 25, 2023 |
Hustle1: Do you think the revenues of banks in 2024 will be lower than that of 2022. Because that is what needs to be compared, as 2023 forex gains lies more in comprehensive income and should not be used for operating EPS and PE calculations as they are one off from currency translation gains in Naira. 2024 EPS will still be substantially higher that 2022 levels, hence supporting upward trend of bank share prices apart from the support of stepped up BVPS numbers from the 2023 gains. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:25pm On Nov 25, 2023 |
https://www.youtube.com/watch?v=Wv7Ut0ygOgA Following Cardoso's speech at CIBN yesterday. The driver for the recapitalization is the $1T GDP target for Nigeria in the next 7 years. A need for banks to be adequately sized to serve such an economy. My take from the speech is he will follow a guided process focused strictly on KPI's and delivery of some level of stability perhaps over the next one year. A true headmaster. (Cardoso was nicknamed headmaster during BAT's tenure as Governor grin. There will most likely be strict meticulous order if that nickname is to ring true in his tenure at CBN) My take : all banks will be close to some reasonable fair values before recapitalization in a year or two's time. For example, Zenith at +N45. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:41am On Nov 25, 2023 |
*****Edited for brevity and reposted. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:44pm On Nov 24, 2023 |
BabsO2: The buyer returned with his bullion van today to continue mopping up FBNH at N20. While he was away for 2 days the price dropped to N19 Is a withdrawal tactics possible to drop prices for a strategic accumulator so that accumulation prices will not go up unduly while also pulling more into the drag net. Like Danfo that is always doing as if it is moving and about to move yet it remains about the same spot. Makes those inside seat tight and those considering hopping in to hop in and not miss the bus 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:29pm On Nov 24, 2023 |
mikeapollo: Wale spoilt what he said and readings from his body language (which looked to me like, relax, we have restored the company and paying Naira dividends will be a piece of cake soon as we earn $$$$$$s) with "it may happen it may not happen" comment he made. |
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