GUINNESS

For a week now, why would any one spend almost a hundred million in total steadily buying (bidding) it @29.00 if they expect price to fall?

But I keep asking myself is this some form of reversed selling?

CBN Leaves Interest Rate Unchanged at 11.5 Percent Despite Devaluation and High Inflation Rate

https://investorsking.com/2021/05/26/cbn-leaves-interest-rate-unchanged-at-11-5-percent-despite-devaluation-and-high-inflation-rate/

Tony Elumelu’s Wife, Other Family Members Increase Stake in UBA

https://investorsking.com/2021/05/26/tony-elumelus-wife-other-family-members-increase-stake-in-uba/

CBN Devalues Naira Again, Adopts NAFEX Exchange Rates as Official Rates

https://investorsking.com/2021/05/26/cbn-devalues-naira-again-adopts-nafex-exchange-rate-as-official-rate/

African Nations Need Debt Restructuring to Stimulate Growth Following COVID-19 Pandemic – Okonjo-Iweala

https://investorsking.com/2021/05/26/african-nations-need-debt-restructuring-to-stimulate-growth-following-covid-19-pandemic-okonjo-iweala/

Nigeria’s Information and Communication Sector Grows by 6.46 Percent in Q1 2021

https://investorsking.com/2021/05/25/nigerias-information-and-communication-section-grows-by-6-46-percent-in-q1-2021/

Nigerian Fintech Mono Raises $2M Seed Funding To Diversify Into The Internet Economy

https://investorsking.com/2021/05/25/nigerian-fintech-mono-raises-2m-seed-funding-to-diversify-into-the-internet-economy/

Nigeria’s Flutterwave Partners Amole to Drive Seamless Remittance and Financial Inclusion in Ethiopia

https://investorsking.com/2021/05/25/nigerias-flutterwave-partners-amole-to-drive-seamless-remittance-and-financial-inclusion-in-ethiopia/

MTN Nigeria Partners LaLiga

https://investorsking.com/2021/05/26/mtn-nigeria-partners-laliga/

Development Bank of Austria (OeEB) and European Investment Bank Launch EUR 100 Million African Private Sector COVID-19 Resilience Investment Initiative

https://investorsking.com/2021/05/26/development-bank-of-austria-oeeb-and-european-investment-bank-launch-eur-100-million-african-private-sector-covid-19-resilience-investment-initiative/

Kuda Bank Surpasses One Million Customer Base

https://investorsking.com/2021/05/26/kuda-bank-surpasses-one-million-customer-base/

CBN Raises Capital Requirements For Payment Solutions Service Providers to N250m

https://investorsking.com/2021/05/25/cbn-raises-capital-requirements-for-payment-solutions-service-providers-to-n250m/

Peter Mombaur Dumps N239 Million on UACN Shares

https://investorsking.com/2021/05/25/peter-mombaur-dumps-n239-million-on-uacn-shares/

JPMorgan YTD Revenue As Of May 2021 At $4.7B – 47% Higher Than Same Period in 2020

https://investorsking.com/2021/05/26/jpmorgan-ytd-revenue-as-of-may-2021-at-4-7b-47-higher-than-same-period-in-2020/

FMDQ Admits BUA Cement’s N115bn Bond

https://investorsking.com/2021/05/24/fmdq-admits-bua-cements-n115bn-bond/

Naira Depreciates to N420.25/$1 on Wednesday After Devaluation

https://investorsking.com/2021/05/26/naira-depreciates-to-n420-25-1-on-wednesday-after-devaluation/

Fintech CEO: Vastaamo Breach Could Spell Disaster for Crypto Exchange Startups

https://investorsking.com/2021/05/25/fintech-ceo-vastaamo-breach-could-spell-disaster-for-crypto-exchange-startups/

mumu9gerian:
Please is there any app or website that analyses the NASD?

Yeah

onegentleguy:


On the part in bold, it looks like the 1st 2 (Fx conversion and that of aligning with dollarized FI instruments) is now gradually loosing it's weighting in view of the search for better investment return. Note the term; loosing... meaning that it can be rewarding but not as much as one would've ordinarily expected.
Only the 3rd/last (holding fx-related asset) makes much more sense now.

Why?
The recent decision by the CBN to adopt the I&E window rate as it's exchange benchmark has largely contracted the gap between it's official window peg and the parallel mkt rate.
The result? There'll likely be a little more risk for those who might want to short the Naira or hedge against currency risk while seeking arbitrage gains/yield in Fx fiat.
Put differently, u may not make as much in real terms (real return... not norminal) converting that ur Naira to $/Fx or playing in say the Eurobond mkt given current economic reality.
In fact, diminishing returns might set in for those who don't do their homework well.

The best form of hedge among the 3 (better RRM in view) lies in the last option; holding fx-related asset. (like BTC, ETH, LTC and other stable but highly adapt crypto coins with real life use cases)
Otherwise, looking out for sound fundamental asset with high plausible CGY (capital gains yield) in the equity mkt space can also suffice.

And before I forget; Chief Emefiele appears to love flip-ups upon policies... however, if the Apex bank does not revert back on this policy, then the move is a + for the equity mkt.
Yes our foreign brothers may not fancy coming in now for reasons bothering around the present state of the economy, but they now do have one less reason to not want to do so, as their fx-driven asset purchasing power gains a little more strength relative to the Naira.

Again, the move will help discourage capital flight as the FPIs already in, now also have one more reason to want to hold on considering that the potential value/weight of their cash position would be less should they decide to liquidate their equity holding now and convert to Fx. (for possible repatriation)
So there's a high probability that they'll hang in a bit... especially in fundamentally sound equity/securities where the possible CGY exceeds the value difference btw the CBN rate before now(pre-unification with the I&E window rate) and now.
FPIs will also fancy the fact that there should be a bit more exchange rate clarity given the less Fx disparity/better convergence that comes with that CBN move.

Elsewhere, domestic mkt players like PFAs, DPIs, HNIs and mid-long-haul retail participants are also likely to maintain their short-mid term position largely due to the high economic difficiencies that has created an expanded risk premium leaving little room to play around other alternative investment channels in search of better yield.

In all, chances of having a favourable mkt appears to have gone a step upward while that of witnessing an unfavorable one just dropped a step downward. Perhaps, this could be one of the key reason the mkt has remained relatively stable.

While nothing is cast in stone, everything seems to align with the thinking that the mkt may not drop as much as some folks might want to believe.
As I said before; I do not foresee a deep bear mkt. A correction/pullback amidst a slow rise in price every now and then should be more like it. ...FOR NOW.
It will however not be across board... but along select sound/healthy coys.

Just ensure u BUY RIGHT!

Selah

Truth234:
CBN Leaves Interest Rate Unchanged at 11.5 Percent Despite Devaluation and High Inflation Rate

https://investorsking.com/2021/05/26/cbn-leaves-interest-rate-unchanged-at-11-5-percent-despite-devaluation-and-high-inflation-rate/

CBN Devalues Naira Again, Adopts NAFEX Exchange Rates as Official Rates

https://investorsking.com/2021/05/26/cbn-devalues-naira-again-adopts-nafex-exchange-rate-as-official-rate/

This(the news in both weblink) adds even more credence and importance to the post above.
Do read btw the lines.

It is well.

Selah

Seems like wapco people are reinvesting their dividends.

Caverton Dividend don land oooo

Dangcem don land

samguru:
Caverton Dividend don land oooo

Same here, they don't waste time at all

Emndy:
Dangcem don land

seems many of us here are dividend investors...

onegentleguy:


Still recall this post above? (a broad and in-depth review of the insurance sector)
Let's dig in to see what the short-mid term journey has been like...

As I highlighted back then, the KEY to a healthy selection lies in the parts in bold;
a) those with a greater weight of value drive/prospect and
b) those with a high plausibility of remaining stand alone entities post the recapitalization deadline by the regulator.

From a) are asset Nos 4, 2, 7, 9, 10 11, 12, 13, 17 and 18 which are MUTUAL BENEFITS, AIICO, LASACO, SOVEREIGN TRUST, WAPIC, ROYAL EXCHANGE, VERITAS KAPITAL, REGENCY ALLIANCE, CHI and LINKAGE in that order.

While from b) are Nos, 1,2, 3, 4, 5, 6, 7,10, 12, 17 and 18 which are CUSTODIAN, AIICO, MANSURD INS, MUTUAL BENEFITS, PRESTIGE, NEM, LASACO, WAPIC, VERITAS KAPITAL, CHI and LINKAGE.
Notice how some asset in a) are also in b)... will revisit this part later.

1st off, how has the a) list faired?
The next line attempts to compare the prices of these asset at consideration period to their present mkt price with an estimate of their various % nominal return... all written in bracket from left to right;
MBENFIT(20k, 40k 100%), AIICO(60k, 129k, 115%) etc... in fact, except for 1 coy(veritas), near all in list a) have delivered btw 85-100% NR, with yield even topping above 100% at some point.(YtD price peg in view)
However the biggest winners have been the duo of ROYAL EXCHANGE(23k, 76k, 230%), followed by LINKAGE(factor in the recent script/bonus issue), WAPIC, CHI and MBENFIT in that order.

Wondering what is the essence of this post?
Pls kindly read btw the lines...

Notice how the best performing coy(Royal exchange) is among 3 coys that are in list a) but not in b) ...the other 2 are SOVEREIGN TRUST AND REGENCY ALLIANCE. For these class of coys, I highlighted what might likely play out with them in view of the expected recap exercise.
Aside the thing about a possible buy out(Royal ex looking like it) all 3 fall in within the same basket of P2P weighting.
Put differently, if the price of one is X and the other 2 are V and W, then to guage value, all 3 can be compared to each other using certain predetermined fundamental variables.
And in that line, using key yardsticks like Net ROIC, Sloan ratio, Solvency Margin (surplus/deficit peg in view) CGPR, ROTE, CCC efficiency etc... as a barometer to gauge VALUE, the other 2 are a BUY!!
In retrospect, whatever happens with these set of asset(read post above) you stand a great chance as an investor to reap some good reward.(RRM: 45-71%)

Again, Note how the duo of PRESTIGE and VERITAS KAPITAL have been the least performing... with the latter still trading at what I consider a steal!
Any worry? Absolutely not! In fact, both coys tick all the boxes in view of the key yardsticks cited above.

If u understood matters to this point, then u do not need a soothsayer to tell u that aligning with assets like REGENCY ALLIANCE, SOVEREIGN TRUST(sovrenins), VERITAS KAPITAL, PRESTIGE, WAPIC, MBENFIT, LINKAGE and CHI should pay off.
...and so are the select few others mentioned in the post above.

Disclaimer: Just given a follow-up update on request.
NOT to be interpreted as any sought of recommendation. When in doubt, pls do well to be guided by ur instinct.

Selah

Truth234:

Peter Mombaur Dumps N239 Million on UACN Shares

https://investorsking.com/2021/05/25/peter-mombaur-dumps-n239-million-on-uacn-shares/

Elsewhere, some HN insiders, including a foreign brother has been busy TACTICALLY mopping up UACN... while some of our Nsempa brothers are waiting for the coy @ N3... N2 and even 78k as target entry price for some persons.
What a world we live in!

Note: The term "tactically" as used here involves actions related to very careful planning, including the use of pranky means to shake-off weak hands.
A similar gimmick is also playing out in some select coys in the insurance sector. (refer to post above)

Regards

onegentleguy:


One word; Accumulate!
At the present mkt price, WAPCO' financial print clearly describes a great asset where risk has been almost totally overshadowed by REWARD.

Great for a mid to long term play!

Selah

Mpeace:
Seems like wapco people are reinvesting their dividends.

Ur still guessing! ...It's alright.

Cheers

UNIONDAC has refused to pay.
Nigeria we hail thee!

What's up with Okomu? Thought divs. were to be paid yesterday 26th.?

yMcy56:

GSK is paying 0.40k as dividend.

Please what is the ex-div/qual date?

Emndy:
What's up with Okomu? Thought divs. were to be paid yesterday 26th.?

Nigerian culture is unserious

Princkez:
seems many of us here are dividend investors...

BigBashiru:
Please what is the ex-div/qual date?

Dividend: 40kobo
Qualification Date: 23rd April, 2021
Payment date: 28th May, 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33074_GLAXO_SMITHKLINE_CONSUMER_NIG_PLC%20_NOTICES_OF_ANNUAL.pdf

You can check any stock div info you wish to know here:
https://www.google.com/amp/s/investogist.com/list-of-dividends-announced-in-2021-qualification-and-payment-dates/amp/

Obinkita:


Cool:
Dangote Sugar is for next month 18 June
Nascon is for next week 31 May

Dangote sugar has paid

Dangote Sugar dividend don land too

OBAGADAFFI:


Dangote sugar has paid

When, I have only received for Dangote Cement and Caverton

AIICO ooooooo

Which kain game are you playing with your shareholders?

Bonus we no see, dividend we no see

emmanuelewumi:



When, I have only received for Dangote Cement and Caverton

You might get before evening.

samguru:
AIICO ooooooo

Which kain game are you playing with your shareholders?

Bonus we no see, dividend we no see

All these insurance costs are becoming scam.

E Ku Market o.
STI: No be small upandan today.........full bid earlier @33k .......closed @27........we are watching. .....
UACN: Lots of accumulation @11..........touched 11.75 earlier but closed @11.......
FIDELITY: Seems the seller is not done selling...........though closed @2.28....
GTB..........sighted @28.10.........

Where is @intendy ?
Hope all is well.

OBAGADAFFI:
All these insurance costs are becoming scam.

NEM and MANSARD paid, they also credited the bonuses.

Guess the delay has to do with SEC.

Emndy:
What's up with Okomu? Thought divs. were to be paid yesterday 26th.?

Check again, Okomu just paid me at 14.43 hours

Dangote sugar landed safely.
Vitafoam not doing bad. Double digit.

YourhealthNG2:

I have not seen my Wapco dividend. Hope all is well

Send them a mail

yMcy56:

NEM and MANSARD paid, they also credited the bonuses.

Guess the delay has to do with SEC.

Still patiently waiting for this one, they say na signature specimen dey delay them, I don sign give them 3 times now

ojeysky:
Still patiently waiting for this one, they say na signature specimen dey delay them, I don sign give them 3 times now

If it's Amaka that's attending to you, you will exercise more patience cos that lady get more wahala...
...but once your E-dividend is mandated, you don free be that. Just ensure you don't sell all in your portfolio at any point in time.

nna777:
Dangote sugar landed safely.
Vitafoam not doing bad. Double digit.

Same digit as yday

yMcy56:

If it's Amaka that's attending to you, you will exercise more patience cos that lady get more wahala...
...but once your E-dividend is mandated, you don free be that. Just ensure you don't sell all in your portfolio at any point in time.

There is something about that name with adverts as well (reminds me of a Telco advert)