Sell offs in low volumes na wash.. Just shake off weak hands.. In any case, this period is traditionally not a selling season
Whatever happens, up we go

phoinix:


LOL, I wanted to go through the quarter results to check if these FX gains have been realized or not. But then I thought, if they haven't been realized, how the hell are they sharing excess gains with investors? Where is the money coming from?

Even if they converted these foreign-denominated funds to naira, that would look like crossing into currency speculation business. Yes, that is what it looks like.

So, are banks now currency speculators? LOL.

Statutorily, a company can distribute the positive balance of it's Retained Earnings to it's shareholders as it wishes. Most don't for strategic or regulatory reasons. What they (GT+Zenith) are sharing is not from the "excess gains" but from their Retained Earnings.

BTW, GTB clearly noted it as unrealized gain.

Fundamental Analysts, pls what is the current intrinsic value for Dangote Sugar at your end?

Shalom428:
GTCO result is fantastic, Access - Zenith - UBA will release a little less or better results, all things being equal, a bull is expected in these companies, Fidelity inclusive. But it's important to trade with caution, especially the newbies. Everything looks good but my chart sings caution. Safe!

All I see is opportunities.

Shalom

Shalom428:
All I see is opportunities.
Shalom

Honestly, that's what I was about to say too...
What is happening in market is artificial and may not last for long......

CBN's circular does not in any way referred to problems in the banking sector.......but a caution which they've not been wise to handle properly

Just my opinion.........
You are the CEO of your portfolio o.

Boshins:
For those who missed the buses currently on speed, calm down...you can't be in all buses at d same time...The market will present a greater opportunity soon...Be on d lookout...

the opportunity coming so close to our doorsteps...

Banking sector is not smiling @ the moment
UBA 13.00
FBNH 17.1
Access 14.1
Sugar 52.8
Opportunities to stockpile

yMcy56:

Honestly, that's what I was about to say too...
What is happening in market is artificial and may not last for long......

CBN's circular does not in any way referred to problems in the banking sector.......but a caution which they've not been wise to handle properly

Just my opinion.........
You are the CEO of your portfolio o.

...that is how wealth is built. While many are dumping, you are accumulating

Dangote sugar!
Baby oh, killi me die oh. No be to offload another stock and buy more like this?

EKUU Red mkt o

OANDO on full bid @9.25 on top of all these......
In NSE , never say never ......

* Quite some bids now available for ACCESS....and increasing.......
* So also Zenith, UBA, GTCO....

yMcy56:
OANDO on full bid @9.25 on top of all these......
In NSE , never say never ......

My people use to say 'OMO BURUKU NI OJO TIE' meaning, even a bad boy has a day that he will be very useful more than the good boys

Dont be scare to pick good stock at your target junction. get ready & don't miss this opportunity this time

currentprice:
EKUU Red mkt o

E Choke..

I kuku averaged up a bit for Sugar. I even used margin loan to do it

It appears ProphetUtuocha prediction on this Oando is coming to fruition gradually o. Seems i may do some top up

currentprice:
Dont be scare to pick good stock at your target junction. get ready & don't miss this opportunity this time

What if all of my money is already tied up in the falling stocks? Are you saying that I should put my feeding allowance in it too?

phoinix:


What if all of your money is already tied up in the falling stocks? Are you saying that I should put my feeding allowance in it too?

🤣🤣

Ginalex:
I kuku averaged up a bit for Sugar. I even used margin loan to do it

Chai, you took a loan to average up?

For newbies rushing into the stock market now... I'll advise you to keep your cash until when there's a major correction in the market so that you can buy as many stocks as possible for dividends purposes... This is an advise not a recommendation

Cash is king

Yoast:
Sell offs in low volumes na wash.. Just shake off weak hands.. In any case, this period is traditionally not a selling season
Whatever happens, up we go

Anything can happen in this market

BullBearMkt:
Fundamental Analysts, pls what is the current intrinsic value for Dangote Sugar at your end?

The thing stubborn... E no wan enter 100 km for me

It should drop further, so I can enter

ekkywolex:
Banking sector is not smiling @ the moment
UBA 13.00
FBNH 17.1
Access 14.1
Sugar 52.8
Opportunities to stockpile

When this type of panic mode is activated, I sometimes used GTCO as a gauge of what the market is saying........lol. Don't mind me......

Maybe because the stock has some Bad.oo investors , or because it calls the shot for the likes of Zenith and others to follow......

As at now, there's quite some bids in GT and no aggressive dumping again.......so far o

phoinix:


Chai, you took a loan to average up?

₦40 is my WACC now

Ginalex:
₦40 is my WACC now

If this bloodletting goes on, you better reconsider before it's too late. It's better to watch from the sidelines and see evidence that the bloodletting has stopped.

Another 2 days of -10% will bring dangsugar to ur ₦40 WACC.

phoinix:
If this bloodletting goes on, you better reconsider before it's too late. It's better to watch from the sidelines and see evidence that the bloodletting has stopped.

that's why I said "averaged up *a bit* " I intend to stagger it

Labdi69:
It appears ProphetUtuocha prediction on this Oando is coming to fruition gradually o. Seems i may do some top up

Oando is still undervalued. Check the price of it's contemporaries like Conoil which is selling around N90-100 even though it is more downstream than upstream
Don't be surprised to see Oando clock N50 very soon
The only thing that looks confusing about Oando is the buy out offer of N7. 07 because of the Court case. The Court has cleverly given shareholders the power to either reject or accept the offer and it adjourned the case from March to October2023 i.e. . a whole 6 months for the shareholders to consider all factors and take a decision.
That buy out offer is now dead on arrival. If you are patient to make good profit, go buy Oando before it rises further.
I saw the opportunity more than 2 years ago and started loading it and now I have millions of units!

* UBA: from 12.80 to 13.50 now......
*
* Dangsugar: today na today.......
*Someone or an entity is busy offloading at N52, bargainers also picking up @52........ What's up Sugar?

yMcy56:
When this type of panic mode is activated, I sometimes used GTCO as a gauge of what the market is saying........lol. Don't mind me......

Maybe because the stock has some Bad.oo investors , or because it calls the shot for the likes of Zenith and others to follow......

As at now, there's quite some bids in GT and no aggressive dumping again.......so far o

A brief Technical Analysis of GTCO
IF GTCO closes 35.25 today,
-then, a daily support is breached
-stock price may "falsely" attempt to rally up (many will think it is going up!) - optional
-Market maker likely to drop the price again
-IF stock is strong, "Level 1" will hold price and price start another rally up
-Failure of Level 1 will cause price to dip lower to test Level 2"

Summary: a close below 35.25 signalled further dip in stock price of GTCO.