BullBearMkt:
Does anyone have information on when UACN is expected to publish their Q1 report? Your insights would be appreciated, thank you.

yMcy56:

Hope this is what you seek sir..

https://doclib.ngxgroup.com/Financial_NewsDocs/38424_UAC__OF_NIGERIA_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

sterlingD:

https://doclib.ngxgroup.com/Financial_NewsDocs/38424_UAC__OF_NIGERIA_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

yMcy56:

It has to.....at the right time....
Don't know why they kept keeping the price down....

Zenith don Waka reach 25...

GT 26.35.....26.50.......26.70.....
Be like say GTCO wan do +10% today oo

All of you wey we dey console that time, make you come dey drop consolation offering o.

Zagee:

As long as it doesn't come below 2

nairavsdollars:
Heineken increases stake in Nigerian Breweries

yMcy56:

The kind vex wey GT dey vex ehnnnn....
Now @26.10......Up with +N1....

GT is now forcing ZENITH to move .....

MANSARD: Sighted @2.73......this one go still touch 3 las las.

Cornerstone: Na +N1 stock.... We go see how it will go.

If PFIs should even come, they'll be found in the likes of GT and other solid stocks....

yMcy56:
Transcorp
@Locodemy where are you?
You just dey miss out of this JIJO....chai!
Maybe you're codedly trading it sha

abuhusna1:
Julius Berger is getting ready for the new government. Surely lots of road construction will be given to Julius Berger considering how much Tinubu used Berger to develop Lagos roads the patronage will continue at the federal evel

ogbs2020:


Fidelity done tank.

Please sell may x baker

purity2all:


Supply of 41m now outweighing demand(18m)

onegentleguy:


You see why you were told not to dive in with both legs @ N3+ yesterday?

TRANSCORP will still do well though. ...it will eventually break that 3.12 resistant and create another 52W high.
As I said before; a lot of things will in play in favour of the sector it belongs, irrespective of who becomes the next president.

For those engaging it for swing trade, a cautious approach is advised. ...otherwise you can relax if you're a long term investor.

It remains a mid to long term play!

It is well

ositadima1:
Please do not quote me if this is not your thing, and it is not mandatory to reply to every post.

I noticed an interesting relationship between Zenith Bank and UBA. They are very correlated, meaning that they tend to move together over a sufficient amount of time. In fact, their correlation is about 0.87, measured from 2021 to date. If we put these together, we get the equation U = 2.66 + 0.22*Z, where U is the UBA price and Z is the Zenith Bank price.

U = 2.66 + 0.22Z is a model describing the linear relationship of UBA and Zenith Bank.

ogbs2020:


As predicted there was a pull back on may and baker today

ositadima1:
First, I want to take the time to point out that this is not a recommendation, but simply an observation from my tinkering. It is not for everyone, but rather for a few like-minded tinkerers. Please do not quote me if this is not your thing, and it is not mandatory to reply to every post.

I noticed an interesting relationship between Zenith Bank and UBA. They are very correlated, meaning that they tend to move together over a sufficient amount of time. In fact, their correlation is about 0.87, measured from 2021 to date. I attached a scatter plot of UBA vs Zenith Bank, which shows how the prices align neatly. I then ran linear regression, which you can see as the red line. Linear regression means fitting a straight line to data when there is suspicion that the data has a linear relationship.

The linear regression line, like any straight line equation, has a slope and an intercept. If we put these together, we get the equation U = 2.66 + 0.22*Z, where U is the UBA price and Z is the Zenith Bank price.

U = 2.66 + 0.22Z is a model describing the linear relationship of UBA and Zenith Bank.

Because the line was fitted, if you impute Z, U will vary from the actual UBA price. This is where we can benefit from the equation. Eventually, either the UBA price will come down to meet the estimated value or Z will go up to match the estimate. How do I know this is true? Below is another plot showing the UBA price minus U over time. You can see that the UBA price is always within +0.75 Naira to -0.75 Naira of U Naira.

This suggests that the linear regression model is a good fit for the data. We can use this model to make predictions about the future prices of UBA and Zenith Bank. For example, if we know the current price of Zenith Bank, we can use the model to predict the future price of UBA and and the other way round .

Ades1:




Ummm you forget mark down? Abeg go one place!

ositadima1:
Here are some stocks, their fair values, and their divergence from fair value (VPD). I used 2022 reports as my source. PE was as of yesterday. You can see that I sorted them in order of rising PE.

Agbalowomeri:

Great use of data!
For completeness you may want to add model performance parameters. I am not sure though how useful this is practically

BabsO2:


I feel and like this VPD thing and must have been using it intuitively in stock selection without knowing that I was using the concept. On your picture was the VPD calculated based on your estimated fair value PE dividend by current market PE ?

ositadima1:


estimated fair value

BabsO2:


It is now paining me that I missed loading GTCO at about N18 while waiting for a price of N17 when I had the funds to buy around last quarter of last year. Being too greedy in search of lower prices sometimes has negative risks and painful consequences of getting nadding

BabsO2:


The way GTCO is flying. Looks like some FPI's are already sneaking back. Till I find time to look up if their holdings have been updated on morning star. They seem to like GTCO and the 2022 FY and 2023Q1 suggest GTCO has turned around from the low quarterly earnings I & perhaps some others were worried about.

GTCO gained a further N1.05 today to close at N 26.15 While Zenith gained only N0.65 and closed at N25.15

Ades1:




Ummm you forget mark down? Abeg go one place!

Agbalowomeri:


But he predicted the mark down