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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 10:30am On Apr 28, 2020
veecovee:
Gtb 2020

This 14.40 resistance will not let zenith pass...

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 10:19am On Apr 28, 2020
Bids outweigh offers on Guinness now... Trades now showing green today after all the red in recent times...

Are the bulls taking over here?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:52am On Apr 28, 2020
emmanuelewumi:


You have dialed the wrong number

God bless you for this Pa Emma...

I for like borrow the bros my license so he can work on a COVID positive ward for 1 week and collect my "new and improved hazard allowance" for the month...
grin grin

4 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 3:31pm On Apr 27, 2020
3 days to zenith banks Q1 results...
Fingers crossed...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 3:28pm On Apr 27, 2020
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 11:24am On Apr 25, 2020
TLAX:
At this stage I am watching videos on technical analysis and chart patterns. I am not much of a trader but I think there is a lot of value in understanding how traders think. Lots of free stuff in youtube and there are also many free written material on the web.

Let's see how it goes.

Also learning technical analysis as I've discovered it complement fundamental analysis which I'm more accustomed to... Initially thought technical analysis won't work for our market but I know better now...

Got some books, still reading and watching videos like you said... Quite informative and interesting...

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:50am On Apr 25, 2020
emmanuelewumi:


It appears the company might not make profit for the year 2019, because I can't explain the reasons behind the rapid fall in the share price in the last 6 weeks

Unaudited Q4 2019 shoes EPS of 15k though...

Audio earnings?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 7:33am On Apr 25, 2020
eziokwunwoko:
SKYAVN has dropped from 4.64 in April 2019 to 1.56 April 2020. I am waiting for it at 50k. At the price of 50k is it A BUY RECOMMENDATION.
Please pass Emma, OGG etc your fatherly advice

Haven looked at their last few financial reports, they seem to be doing something right...

Debt is down, earnings are up... They will certainly take a huge hit from corona but will it decline to your target entry of 50k? Time will tell but there are better companies to invest in on the bourse...

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:58am On Apr 25, 2020
eziokwunwoko:
SKYAVN has dropped from 4.64 in April 2019 to 1.56 April 2020. I am waiting for it at 50k. At the price of 50k is it A BUY RECOMMENDATION.
Please pass Emma, OGG etc your fatherly advice

Why are you interested in SKYAVN?
Have they added a new product line or service?
Who are their CEO/ board members?
Has earnings grown over the past few years?
Why did their share price decline?
Has there been a correction of the factors that caused their declining share price?
How will Lockdown affect their earnings this year considering they are in the hospitality/ aviation sector?

Answer these questions and I'm sure you'll have an answer to the question you asked...

5 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:50am On Apr 25, 2020
I feel quite ashamed to be associated with this thread considering what has transpired lately...

We are bigger than this and need not stoop so so low... Haba...

What a way to waste the last few pages of the thread!

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:22pm On Apr 24, 2020
CashDiMkpa:


A total debit of about N1.4 trillion was passed to the banks this week as special CRR. Nobody remembers to factor in cost of regulation in the different valuation models for banks.

You are correct... Its 1.4trillion that cbn debited...

The 600billion article is from a precious similar action last year. My interest in posting that was just that the banks aren't losing the money debited....

Kasala for burst plenty plenty...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:00pm On Apr 24, 2020
DrAwo:
https://nairametrics.com/2020/04/24/breaking-cbn-debits-banks-n1-4-trillion-for-failing-to-meet-crr-targets/

https://www.google.com/amp/s/businessday.ng/exclusives/article/banks-fined-over-n600bn-as-cbn-hits-ldr-defaulters-again/amp/

"The sanction of N600 billion means that banks had a loan shortfall of around N1.2 trillion from the required value of loans that will have enabled them meet the 65 percent LDR policy. [/b]While the banks will not lose the money taken as sanctions, they will forfeit any interest they would have earned on the deposits. [b] Analysts told BusinessDay that banks may be losing up to N6 billion monthly in interest income due to this December sanction."

Some clarification from a previous similar exercise...

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 5:41pm On Apr 24, 2020

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 7:47am On Apr 24, 2020
When the elders are speaking, the learners pay rapt attention...

#QuicklyPicksUpPenAndPaper...

Oya continue...

4 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:13pm On Apr 23, 2020
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 6:08pm On Apr 23, 2020
PharmAlfred:
http://www.nse.com.ng/Financial_NewsDocs/29738_ACCESS_BANK_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf

I initially raised an eyebrow at the approximately 60% increase in other operating expense quarter on quarter.

Q1 2019 represents only the old Access Bank while q1 2020 is Access + Diamond...

The merger improved the top line but was almost not felt at all in the bottom line... Effect of coronavirus only Or still finding its feet

Hope Zenith doesn't follow the same route post purported merger with union...

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 12:45pm On Apr 22, 2020
Strong support for Zenith at 13.50 but resistance at about 13.70...

Lets see who wins...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 12:34pm On Apr 22, 2020
Biafran4life:
Why is their no offer less than 6.75 for UACN still

Prices can only move up or down from the previous days close by 10% daily...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 11:38am On Apr 22, 2020
Biafran4life:
Pls does it mean if this companies classified as discontinued operation didn't exist or remove.Uacn would have made about 19,9 billion naira profit instead of 9.3 billion lost

Going by what was published, they would have made about N5.4 billion profit...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 10:20am On Apr 22, 2020
stcool:
Trump that posted about an oil deal is now posting Plenty of Oil grin grin grin grin

Check the date on that tweet by Donald Trump... Was posted in Sept 2019...

7 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 1:49pm On Apr 19, 2020
meshpips:
Greetings everyone,

if you currently have ZENITH shares in your holding, please do well to sell it off between 15.89 (price already touched this level) last week and 16.35 region.

I expect price to sell off and retest the 11.90 support and possibly deeper in the sub- ten level before we can see further buying.

All the best everyone!

Thanks for posting this...
All opinions are welcome irrespective of whether they are bullish or bearish...

In the end, each individual is the captain of their ship...

7 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 7:00pm On Apr 18, 2020
ebuka1997:


Have you seen some q1 results coming out they don’t seem too good

Most of the bad q1 we've seen so far are from companies that were struggling even before now...

Africa prudential registrar q1 wasn't that bad at all... I expect the q1 from the blue chips to start rolling in next week...

That might be a better measure of how things go...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 3:53pm On Apr 18, 2020
dapix:
Finally UACN has released their result with a group loss position, while the company itself still made a profit, although a dividend of 10k is being proposed.

http://www.nse.com.ng/Financial_NewsDocs/29701_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 9:17pm On Apr 17, 2020
https://www.washingtonpost.com/opinions/2020/04/16/china-must-pay-reparations-africa-its-coronavirus-failures/

Interesting piece by Obiageli Ezekwesili... China will probably just laugh this off though...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 7:20pm On Apr 17, 2020
Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Lol... Funniest thing I've seen today... cheesy cheesy cheesy

4 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 4:35pm On Apr 17, 2020
Desanta:


Well, I have a lot of share certificate I need to dematerialize, and a lot of unclaimed dividend going as far back as 10 years ago. I'm tired of filling forms and sending by mail or scanned copies. They are never replied.
I bought some shares through Morgan capital and still I can't get my dividend despite filling all the papers and sending them by post since they no longer accept scanned copies.
I can't travel to Lagos just to submit transfer forms or e- dividend forms. What other options do I really have?

E-Dividend mandates can be submitted at your banks closest branch I believe...

Some registrars still accept scanned copies of the filled e-dividend mandate forms... Just send them a mail and they'll clarify...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 2:23pm On Apr 17, 2020
Mcy56:

Closed period for Zenith is today 17th, it's just for 24 hours. Result may come out next week or this weekend self.
Could be the reason for the increased activities in the stock today.

In another news, Wapco is getting serious bashing.......Bomboclad you made the right decision.....this market can be somehow...

Closed period is from today till 24hrs after the board meeting on 29th April for Zenith...

Result should be out around 30th April thereabout...

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 10:20am On Apr 17, 2020

5 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:44pm On Apr 16, 2020
seyisanya:
I guess what he meant was to put a stock that he bought at -10% on the offer side while looking for an opportunity to buy at -10% on the bid side.

Guess its only possible if one has the stock already in the portfolio and has a funded account as you have rightly said... smiley

If its a stock one doesn't own yet, then it won't fly...

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:22pm On Apr 16, 2020
SlahJoe:
Good evening gurus in house, thanks for your selfless contributions on this noble forum, your impact has been phenomenon, l doff my cap for you all, going forward I want your take on the following stock for short to long term holding PZ, ETI , Redstarex and Cadbury

If you read the last few pages, Cadbury was discussed by someone (can't remember the persons' moniker) while I shared some thoughts on Red Star... With Red star, forget short term. Rather think of a 5-6 month hold period...

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:18pm On Apr 16, 2020
Uchetoba:
Now I see it is over sabi that is worring Britons. They do not want the rest of the world to rate their ability to handle the virus.

I don't share your opinion...

If you consider the limited available resources (test kits and manpower) , there's no point doing a test to confirm the patient is now negative since the body will eventually clear the virus in 7-14 days (thereabout)...

The test is better utilized to confirm those that have the virus so they can strictly isolate themselves and stem the spread...

I'll stop here so we don't derail the thread sha...
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:06pm On Apr 16, 2020
Danniee:
On a particular stock, can "buy" and "sell" be placed at the same time i.e. to buy at lowest price and sell atp highest price.

Doubt you can sell a stock you don't have yet....

That will be like shorting the stock which I'm not sure our market does yet...

2 Likes

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