bovali:
Omo

KarlTom:
I also noticed that.
He seems to have a better focus now that garri has become more expensive...

Agbalowomeri:
I branched and looked at the NGSEBNK10
It appears set up for a minibull (maybe Q2 bull)
The daily candles have broken upwards into the cloud which is positive

On the weekly chart, it might be due to a rejection of the cloud on the weekly

Mankind2024:
@OGG, the best NSEMPA acknowledged stock picker, though I do not and had never follow your picks. My humble view.
"There appears to be no investment value in a call that lacks a specific timeframe. It arbitrarily targets all listed equities on the exchange. A genuine stock picker with a proven track record must demonstrate their skills within a three-month period. Any claims beyond this timeframe are likely self-promotional and indirectly market to uninformed subscribers. You can benefit forum members by sharing a screenshot of your wealth portfolio, which would convince more novices to join your subscription service. As a licensed financial advisor, which you are, showcasing your portfolio's performance would silence skeptics and encourage them to utilise your services.

onegentleguy:




Conservative FVE for PRESCO is @ N561.9 at present, so the stock is a buy @ CMP.

But as you know; I always prefer to be an "early bird".
Why didn't you key in before now? PRESCO was trading for less than N57 when I put out the post above.
Someone sent me a mail earlier asking if CHAMS is a buy @ the CMP, and my response was simple; why didn't you take position when I was practically screaming about the stock @ 20--21k.

The reason some folks will argue about the value accretive stance of an asset when it's ridiculously underpriced but turn around to praise the same asset after it must delivered triple-digit return is the inability to proficiently and efficiently interpret financial statements.

I did highlight the potential in PRESCO @ at about the same time I issued an outperform rating on TRANSCORP @ 97k. Even @ N1.3, I remained resolute in my highlight on TRANSCORP but some dude tagged them an epistle.
Today everyone thinks that both coys are the next best thing after sliced bread.

Not surprised though! Afterall, people also argued with me about FIDSON @ N1.1, PZ @ N4+, WEMA @ 55-58k, NEIMETH @ 38--40k, UACN @ N4, GUINESS @ N14+, UNILEVER @ N10+, ,GSK @ N5, UPDC @ 70k, STERLING @ N1.4, ACEESS/UBA swaps @ N8--9.7, ZENITH @ N9+, GTB @ N17... to mention a few.
Today most folks are excited about the present and future prospects of these companies.
I recall stating in very clear terms why I would OKOMU for PRESCO or assign a much huge potential weighting (ref:70/30) in favour of the latter when the former was trading for near 80% above it.

Again someone called it an epistle because according to him, PRESCO didn't pay a good enough dividend.

In recent times some have also argued about certain coys
I always pray that God should continue to preserve us alive so we live long enough to see Mr TIME sets matters straight as always.
...everyone knows I LOVE Mr. Time.

It is well

yMcy56:

Fair enough!
Because me self don dey fear the reply already. Make e no come spoil things beyond repair . Lol.

Mega, next time dont push Oga Agba further o.
Anyway, thanks sir for the fair reply. 🙏

Any positive news will distort the charts like he said and send Sugar to the moon.
Once there's news of Rice Mill commissioning or news of going back to SEC for the merger, it will change everything.
Na such news we dey expect.

Agbalowomeri:


Q3 rain/storm Lol

Hopefully, 25 should be a good support

Agbalowomeri:


You no say I get bad mouth
Make I just hol my opinion to myself Lol

Agbalowomeri:


After my portfolio don do 300% in 18 months? Where I dey rush go? With all these rights flying upandan, make I wait for post-forex gain era

Choiceguy:


Oga Agba said he will be returnin to market by Q3. He always update his people.infact he mentioned Nov. I know he is jokin by saying Nov.i am expecting him to return to market after Q2 result.

ProphetUtuocha:
As the frowning face of a stubborn he-goat does not prevent the owner from taking it to the market; so is it that the cacophony of noise on Oando's historic lapses will not prevent the company from leaping onto a glorious, rewarding future.

Meanwhile, that which was revealed remains as unveiled. Nothing more to add.

Agbalowomeri:


Na another investment I wan teash you. No be stock

Mankind2024:
Allowing PZ a soft-landing delisting would spell contagious effects on the exchange. The body language of Unilever is pointing towards a similar move. Already, they have stripped Unilever of some prime assets; the final blow would be delivered once the SEC allows a soft-landing delisting for PZ.

Mankind2024:

PZ is not alone; MTNN also posted negative shareholders' funds, negative equity, and negative retained earnings. The minority shareholders who insisted on a N100.00 payout must have known the worth of PZ, either through insider information or by default. The news shouldn't cause dumping; otherwise, the cowboys would mop it up without any remorse. It is the same macroeconomic issue quoted by MTNN - foreign exchange loss - that also affects PZ.

zendi:

They wanted to delist at N23 buy-out.
The minorities demanded for N100 and cried to SEC to object.
So the cowboyz switched to Plan B.
When they're done reducing the company to an empty shell, the shellholders will be begging for the N23 if still available.

Ginalex:
From UBA corporate release, there was no mention of interim dividend compared to Zenith. Does it mean that they don't intend to declare interim dividend?

Agbalowomeri:
Make Una share all this money wey Una dey make o. I wan buy more garri

naturalflow:
Northern nig.flour mills this is July already ooo.result we no see.

SonofElElyonRet:

Very dependable stock. Silent performer

yMcy56:
There's this bros that exited WAPCO to enter UCAP sometimes ago when it was still trading at 13 or 14...
My mind just went to him....
Hope he's still holding UCAP as one of his long term stocks......
If he's still holding, then his patience is paying off now.....
Chai!! Long termers are trying o. 😊

Maybe I can get the moniker.......myhealthng or something....

Agbalowomeri:


One bad news and the jijoist will be trapped all the way down to N5😂.
Ask PeTErRiCHY where Oando dumped his scrotum 10 years ago 😂

zendi:

They cannot because a river that forgets it's source suffers dry-up.

mikeapollo:


Well, it depends, if there are no pressure from outside.
Recently, SEC rejected the buy-out of minority shareholders and delisting by PZ Cussons.
Can they do same for Oando? I don't know for sure.

Even if Oando want to delist, the exit price can never be the crazy N7.07. It has to be much higher than that.
People who bought on the market when the price was N3-N5 would still make some money!

mikeapollo:


You get it, perfectly!
Oando shareholders have been through very difficult times. And now that there seems to be some hope, this delisting issue has cropped up. That is why some shareholders have vowed never to allow the delisting succeed. Hope SEC would be equally determined to protect shareholders interests.

zendi:

Hmn, SEC ! Did you say SEC ?
A parastatal Dept of Government,
Headed by the Big Guy,
Who is Uncle to the cowboy,
Who is taking the mega company private.

I have absolute faith in SEC to do the right thing on this particular Delisting.

Or is there any other thing you want to hear from my mouth?

BullBearMkt:
OANDO causing abracadabra on NSEMPA for years😂. The more you look, the less you see...

mikeapollo:


My point is, some investors may consider the future prospects of a company and take a position in it. It is part of the risks involved in investing!
I am not saying Oando is good stocks or bad!

Every listed company/stocks currently struggling can also have a turnaround like Transcorp or any other company did.
Oando's problems started more than a decade ago when it was rumoured that some politicians like James Ibori etc. had some stake in it.
As a downstream company it paid dividends consistently, paying N4 per share for FY2007; N3 per share FY 2009;FY2010 & FY2011. The least was N1 per share FY 2014.
The change in business from downstream to upstream and the acquisition of assets of multinationals like Conocco Philips apparently took a huge toll on the company's cash position which affected its operations. Again, numerous issues with major shareholders and SEC also dragged the company down. It is not easy for a company to pay the equivalent of USD600m to one single shareholder and not feel the impact.
However, the company seems to have overcome these challenges with a new lease of life and the strategic acquisition of ENI/NAOC assets. It also paid off most of its commercial loans.
Afrexim Bank directors are no fools to give a loan of USD800m to a company that has no good prospects. Recently, the company pre-financed the FGN with about USD500m loan. These are signs that there could be something coming up that we may not be fully aware of as at now.
If not for the issue of delisting, Oando would be selling well above N25 by now. Unless we are saying that things will never ever improve in the company because Wale Tinubu is the CEO! He was the CEO when the company was paying dividends.

Bottom line:
Every investment appraisal methodology (e.g. past financial results or future earnings, performance etc.) has its merits and downside. Chose the one that favours you; float with your money or sink with it!