aj8:
Common sense target for Veritas Kapital Assurance is N1.20. Good buy at current price of 0.55.

0.31 x 4 =1.24

Target Range N1.24-N1.55

Better still if they pay a dividend of 5-7 k in which case could target upper range.


Please do your DD.

Even with RED across board, EPS is King. Stocks hardly fall below EPS x 4. That’s the beauty of the strategy. Any one significantly below that is a BUY. Just Common Sense.

Kudus to you.
Is the 0.31 Eps not for the group.
I suppose 0.2 Eps is for the Insurance subsidiary.
Please enlighten further.

Btw, I've not seen anywhere where naira was devalued officially ooo, Abi na only me no see am?
Naira depreciated against $$, which has been the recent occurrence in recent times......
Those saying it was devalued officially should provide proof...
Maybe some people are just trying to create unnecessary panic.....we already have enough issues to contend with already. Make dem leave this market for us to dey take hold body Biko.

More companies turning in good and fantastic unaudited results already.....
Real cause of today's panic seems unknown yet...

Mankind2024:
Fact: it is difficult to time the Market.
We know the bear would come but noone knows the hour,the day, the date, the month and the exact time.
It was bullish at the opening of the market today before the massive sell off of volatile, ant-devaluation, and anti-inflation assets.
The equity market is a place where wealth is transferred from the impatient to the patient investors.
The intrinsic characteristic of the equity market is volatility.
There is no cause for a false alarm yet.
What the market shows us today is volatility, the same market that returned 236% YTD shed 1.49%.
Who are the sellers?
It has been shown that the institutional portfolio's investors are always the first to ring the panic buttons, they have nothing to loose.
For the record,
A bear market is a period of prolonged downward trend in investment prices, typically defined as a decline of 20% or more from recent highs. It's the opposite of a bull market, where prices steadily rise. Here are some key points about bear markets:
Definition:
While 20% is a common benchmark, a bear market can also be characterized by widespread pessimism and negative investor sentiment.
It can affect an entire market , or individual securities listed in an exchange.
The decline usually lasts for at least two months, and on average, a bear market lasts about 10 months.
Causes:
Various factors can trigger a bear market, including:
Economic recessions: When economic activity slows down significantly, it can lead to decreased corporate profits and consumer spending, negatively impacting stock prices.
Interest rate hikes: Central banks raising interest rates can make borrowing more expensive and slow down economic growth, potentially triggering a bear market.
Geopolitical events: Events like wars, natural disasters, or political instability can create uncertainty and risk aversion in the market, leading to price declines.
Asset bubbles: When asset prices become inflated due to excessive speculation, a correction can eventually burst the bubble, resulting in a bear market.
Impact:
Bear markets can cause significant financial losses for investors, especially those heavily invested in risky assets.
They can also lead to job losses and decreased economic activity as businesses cut costs and consumers tighten their spending.
However, they can also offer long-term buying opportunities as depressed prices can present attractive entry points for future growth.
Remember:
Bear markets are a normal part of the economic cycle, and they always eventually give way to bull markets.
It's important to maintain a long-term perspective and not panic during market downturns. This is the best time for patient investor to accumulate and build a generational wealth.
A diverse and well-balanced portfolio can help mitigate the risks of a bear market.
NEVER RUN AWAY WHEN CUSTOM STREET IS BLOODY.
RED DAYS, VOLATILE DAYS ARE HERE, IT WOULDN'T LAST LONG. THE MARKET WILL RISE AGAIN.
SHARPEN YOUR CUTLASS, BUY, BUY, BUY.
THIS A POLITICAL VOLATILITY. THE CBN CLEARED 2 YEARS OF UNPAID FOREX, THE SABOTEURS, THE ANTI NIGERUA DESCENDS ON THE MARKET TO CAUSE A PANIC THAT GOT NO ORIGIN. THE ENEMIES ARE FIGHTING HARD.
NAIRA WAS BEING HOARDED.
ARTIFICIAL SCARCITY OF FOREX, and the $US IS THE ORDER OF THE DAY.
BANDITS, UNKNOWN GUNMEN, DEVALUATION AND INFLATION MIGHT BE THE UNDERLYING RISK FACTORS FOR TODAY'S VOLATILE MARKET.

See analysis wey RICH na... If you sabi you sabi joor

beejay1:
file:///C:/Users/User/Desktop/40240_FIDELITY_BANK_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

Waited for this...

yMcy56:
Btw, I've not seen anywhere where naira was devalued officially ooo, Abi na only me no see am?

Nigerian Naira Experiences Second Devaluation in 7 Months, as it Loses 98% Value

https://www.morebranches.com/nigerian-naira-experiences-second-devaluation-in-7-months-as-it-loses-98-value/

https://www.bloomberg.com/news/articles/2024-01-30/usd-ngn-naira-devaluation-sees-nigeria-s-currency-plunge-to-record

Hustle1:



This is probably the last time UACN will end the year below N50 share price ......

UACN back to profitability and lovely eps. Great Q3 result

yMcy56:
@Mankind2024
You're welcome back.
Good to have you back on this thread.

Txs Madam.

yMcy56:
Btw, I've not seen anywhere where naira was devalued officially ooo, Abi na only me no see am?
Naira depreciated against $$, which has been the recent occurrence in recent times......
Those saying it was devalued officially should provide proof...
Maybe some people are just trying to create unnecessary panic.....we already have enough issues to contend with already. Make dem leave this market for us to dey take hold body Biko.

More companies turning in good and fantastic unaudited results already.....
Real cause of today's panic seems unknown yet...

You they mind some people. The official window which is controlled by demand and supply traded at the highest of the day at #1300 plus which can still trade tomorrow as low as 800 plus.The evil speculators who want to create panic came here to post rubbish. The think they are talking to illiterates.The budget which is our direction for the year remains at #800..

If the dollars like make e reach 5k.None of my business. My business is with naira just like Americans don't have business with naira.I can't even remember the last time I touched physical dollar in my hand so why should I worry about it.

megawealth01:


Nigerian Naira Experiences Second Devaluation in 7 Months, as it Loses 98% Value

https://www.morebranches.com/nigerian-naira-experiences-second-devaluation-in-7-months-as-it-loses-98-value/

https://www.bloomberg.com/news/articles/2024-01-30/usd-ngn-naira-devaluation-sees-nigeria-s-currency-plunge-to-record

You just share links without doing the maths .I believe pwc was using official price in that article. And seven months ago official price was around #464.So what is 98% to that figure.Does it arrive to the #1300 plus they posted today.Based on 98% it should still be below #1000k


I will go with the cbn governor who said naira is under valued while fluctuations in the official window happens just like stock market.

And remember me I no dey fight anymore for here as you no sabi me for real life .For now I must defend my country as I no get another country and have no plan to leave naija too

Eku Bull-Bear market o
Na one oga name be that

I am also surprised with the calculation,why multiplying by 4 again ,when the unaudited result is for the whole year??

Why did you multiply 0.31 by 4.
Is the 0.31 not for the whole year?[/quote]

GracefulLau:

Amen o

Oando ?? I fear that stock,may be I will enter small to test the ground .

Locotrader:
Increase in revenue is what I am after in brew stocks and other blue chip stocks.

https://www.thisdaylive.com/index.php/2024/01/29/guinness-reports-strong-performance-with-20-increase-in-revenue

Profit will come when it is time and shareholders go rejoice again

Guiness
Guinness results are not bad. Revenue growth plus the marginal costs are well managed vs previous year considering the operating environment.

The loss recorded in Guinness is as a result of re-measurement of foreign currency balances and exchange rate differences on foreign currency denominated loans.
If the naira depreciation does not exacerbate or if naira begins to appreciate, Guinness becomes a huge buy from that point.

IB

IB is in a better situation. It has hedged its cash flow against the currency fluctuations an estimated N65B enough to turn the result into profit!!! ....impressive! And a well managed marginal cost.

Q3 & Q4 BUY i think, just my thoughts

SonofElElyonRet:


UACN back to profitability and lovely eps. Great Q3 result

The full year result is very good considering the business environment!!!

https://doclib.ngxgroup.com/Financial_NewsDocs/40234_UAC__OF_NIGERIA_PLC.-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

The new product launched were not yet contributing.... The swan water plant 3x expansion started this January plus other investments and people

Fañtastic result from TRANSCORP:
https://doclib.ngxgroup.com/Financial_NewsDocs/40254_TRANSNATIONAL_CORPORATION_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf


More UN-AUDITED 2023 FYE Reports :
https://doclib.ngxgroup.com/Financial_NewsDocs/40253_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40252_TRANSCORP_HOTELS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40251_E-TRANZACT_INTERNATIONAL_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40241_UNIVERSAL_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40249_CWG_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40242_JAIZ_BANK_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

Streetinvestor2:
You they mind some people. The official window which is controlled by demand and supply traded at the highest of the day at #1300 plus which can still trade tomorrow as low as 800 plus.The evil speculators who want to create panic came here to post rubbish. The think they are talking to illiterates.The budget which is our direction for the year remains at #800..

If the dollars like make e reach 5k.None of my business. My business is with naira....

I tire ooo.
Just tried searching for the official announcement and couldn't find it.......
I think some people are just bent on dragging the market down by all means possible...
We can see how the bull had defied all their theories and charts for the past months, so they needed to come up with something to achieve their panic mission.

* One of the consolations is that the Locals still control majority stakes in this market and companies will still declare dividends either they like it or not.
* Bull or bear, investors and traders alike will still be trading and making profits in this market........In fact, some of the stocks are still undervalued if we consider the good results some of them are releasing now.
* Those in market just needed to control emotions during this period. It will also pass.

Agbalowomeri:
Eku Bull-Bear market o
Na one oga name be that

@Agbalowomeri, you go pay o!

Streetinvestor2:
You they mind some people. The official window which is controlled by demand and supply traded at the highest of the day at #1300 plus which can still trade tomorrow as low as 800 plus.The evil speculators who want to create panic came here to post rubbish. The think they are talking to illiterates.The budget which is our direction for the year remains at #800..

If the dollars like make e reach 5k.None of my business. My business is with naira just like Americans don't have business with naira.I can't even remember the last time I touched physical dollar in my hand so why should I worry about it.

Oga dey try calm down. The bolded is unnecessary.

The information about the exchange rate following the adoption of new method of pricing in the NAFEX is freely available online.


https://www.bloomberg.com/news/articles/2024-01-30/usd-ngn-naira-devaluation-sees-nigeria-s-currency-plunge-to-record?cmpid%3

aj8:



Yes.

You may need to read through my earlier posts to get a hang of the strategy. The figure is derived historically from over the years studying the NSE / NGX stock price behavior. It harbors our average collective investment goals of at least a 25% return on investment. This is largely the case except when in an unforeseen economic recession/ mayhem.

I have read your earlier posts on this.
What you normally do is to multiply the best quarter earnings(eps) by 4 but in this case you are multiplying the full year eps by 4.

BETTER TIME TO BUY INTO THE MARKET - THE TRANSCORP EXAMPLE
Transcorp's stock price has recently entered the daily value zone, coinciding with the NSE sentiments turning negative. This presents an opportune moment to consider accumulating shares, but conservatively. A Transcorp stock price at or below 13 Naira is particularly attractive and represents a potential bargain.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Let's see how the market price that actual cost and improved dividend. My bet is on gra...

yMcy56:
Fañtastic result from TRANSCORP:
https://doclib.ngxgroup.com/Financial_NewsDocs/40254_TRANSNATIONAL_CORPORATION_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

The transcorp power segment continues to be the engine power of transcorp plc. Figures from them beat Geregu hands down. Imagine having a revenue of #151 billion against Geregu #82 billion and a profit before taxation of #50 billion against #24 billion. If not due to excessive os, transcorp plc should not be trading below #100. Their result is awesome.

Transcorp EPS grew by 195%. It has a return on equity of about 19% which is quite good.

I expect between 60% to 100% earning growth in 2024 for Transcorp.

Based on the current price of the stock at recently released EPS of 56k. Transcorp has a PE of 26.


Transcorp is still very good to accumulate for the long term and N11 and below

Pls help me understand. Eps of 56k, but trading at +14 naira? Does not add up to me.

emmanuelewumi:
Transcorp EPS grew by 195%. It has a return on equity of about 19% which is quite good.

I expect between 60% to 100% earning growth in 2024 for Transcorp.

Based on the current price of the stock at recently released EPS of 56k. Transcorp has a PE of 26.


Transcorp is still very good to accumulate for the long term and N11 and below

Transcorp Hotel made EPS of 60k.

Return On Equity of 9%. Based on this it should be selling below its book value.

Transcorp Hotel currently has a PE of 162 based on its current price.

That should be the highest on NGX

emmanuelewumi:
Transcorp EPS grew by 195%. It has a return on equity of about 19% which is quite good.

I expect between 60% to 100% earning growth in 2024 for Transcorp.

Based on the current price of the stock at recently released EPS of 56k. Transcorp has a PE of 26.


Transcorp is still very good to accumulate for the long term and N11 and below

Thanks Oga Emma for dissecting the FA for us.

Jaakay:
Pls help me understand. Eps of 56k, but trading at +14 naira? Does not add up to me.

Market priced in the growth potential of the stock

80% of the time we are too optimistic about our growth projections and valuation based on expected growth.


That is why I look at Growth At a Reasonable Price valuation model.

Zagee:


Thanks Oga Emma for dissecting the FA for us.

I never even begin dissect anything

There is a 70% probability that the market will be bearish today

Invest with figures. The current average EPS on NGX is about 14.

The last time the market crashed in 2007, the average EPS was about 20.


Just learn how to rebalance your portfolio in order to maximize return

I LAUGH READING ABOUT MARKET TIMING!
Can you really time the market? Yes, to some extent. Stock markets, especially those with various measuring tools, can be predicted to a certain degree, but not with absolute precision. If you're expecting to pinpoint the exact hour, minute, or second etc., I'm afraid what you are searching for is nothing but insider manipulation.

Over the years, technical analysts have developed numerous tools to help assess the stock market, figure out when to buy or sell, gauge risk-on and risk-off sentiments, and one of these tools is market breadth.

Just last week, some of us here on this forum raised a warning flag about the possibility of NSE ASI experiencing a dip (refer to posts on 20/01/2024), suggesting that we prepare for a buying opportunity. The fact that it didn't happen right away doesn't necessarily mean the timing was incorrect; it simply calls for caution, as all indicators are hinting at an impending dip.

Furthermore, there's no sign of a bear market in NSE; the market is currently taking a pause and is likely to resume its bullish trend in the next few days.

PLAN YOUR TRADES AND TRADE YOUR PLANS