BullBearMkt:

Absolutely!!! But, may or may not work... the stock price is currently in the sellers' zone, so expect many signals - valid and invalid.

Agbalowomeri:


Baba that's a trend reversal o

yMcy56:

Attached is the shareholders' structure as at the 2023 FYE....
We are yet to have the updated structure showing free float and new Directors holdings....,.
TRANSCORP PLC's shareholding may have increase or remain the same, so also HH Capital and other institutional investors sha.
Let's see how they intend to handle the full offers when they're ready. Na only them knows what their plan is and na only them fit move the share price at their right time.

BabsO2:
https://nairametrics.com/2024/07/10/access-holdings-explains-why-its-issued-shares-price-is-higher-than-market-price/#google_vignette

I think ACCESS is only offering rights. That's why Aig mentioned they don't want dilution but will offer the goodies as reward for loyal (BIG) existing shareholders. It makes sense as the shares are indeed over under priced looking at these numbers quoted in the link.

Using the offer price of N19.75, the price-to-earnings (P/E) ratio of 1.15 for the issued share is notably lower compared to its industry peers.

For instance, FBNH shares have a P/E ratio of 2.62, GTCO shares are at 2.36, UBA shares stand at 1.32, and Zenith Bank shares are at 1.74.

This disparity suggests that Access Bank shares trading in the market with a 1.12 P/E ratio may be significantly undervalued.


There is a high likelihood all these big banks will continue to rally in price this year and in the coming years also.

BullBearMkt:
MASTERING IMPORTANT TA TOOL - Fibonacci Retracement
One of the technical analysis tools to add to your arsenal is Fibonacci Retracement. It is a useful tool for determining where to enter a trending market whenever a pullback occurs. In a deep pullback, expect the price to reach between the 61.8% - 78.6% Fibonacci level. However, in a shallow pullback, the price may dip to between the 38.2% - 50% Fibonacci level.

Now, how do we know when to pull the BUY trigger? Ah! Ah!! That's the big question. This is where strategy, experience, and emotions play major roles.

BullBearMkt:

Yes! It's trend reversal (sign). What I'm saying is that it is not valid until the neckline is broken
Someone called my attention to it in May & I gave the example of the copper future chart

unite4real:


Access does not have bragging right to claim they do not want much dilution.
What then should GTCO say?
GTCO outstanding shares after the offer will be about 31% increase while Access is 50%.

Access will end up at over 51B units while GTCO will end up with less than 39B units.
Who is now the chief diluter .

Their PE ratios and EPS will be affected by these dilutions accordingly

BabsO2:
https://nairametrics.com/2024/07/10/access-holdings-explains-why-its-issued-shares-price-is-higher-than-market-price/#google_vignette

I think ACCESS is only offering rights. That's why Aig mentioned they don't want dilution but will offer the goodies as reward for loyal (BIG) existing shareholders. It makes sense as the shares are indeed over under priced looking at these numbers quoted in the link.

Using the offer price of N19.75, the price-to-earnings (P/E) ratio of 1.15 for the issued share is notably lower compared to its industry peers.

For instance, FBNH shares have a P/E ratio of 2.62, GTCO shares are at 2.36, UBA shares stand at 1.32, and Zenith Bank shares are at 1.74.

This disparity suggests that Access Bank shares trading in the market with a 1.12 P/E ratio may be significantly undervalued.


There is a high likelihood all these big banks will continue to rally in price this year and in the coming years also.

BullBearMkt:

Absolutely!!! But, may or may not work ... the stock price is currently in the sellers' zone, so expect many signals - valid and invalid.

Willie2015:


Is this chart from Investing.com ?

Agbalowomeri:


Yeah I agree

But make person neck no break join by the time the neckline is broken 😂

unite4real:


Access does not have bragging right to claim they do not want much dilution.
What then should GTCO say?
GTCO outstanding shares after the offer will be about 31% increase while Access is 50%.

Access will end up at over 51B units while GTCO will end up with less than 39B units.
Who is now the chief diluter .

Their PE ratios and EPS will be affected by these dilutions accordingly

BullBearMkt:
MASTERING IMPORTANT TA TOOL - Fibonacci Retracement
One of the technical analysis tools to add to your arsenal is Fibonacci Retracement. It is a useful tool for determining where to enter a trending market whenever a pullback occurs. In a deep pullback, expect the price to reach between the 61.8% - 78.6% Fibonacci level. However, in a shallow pullback, the price may dip to between the 38.2% - 50% Fibonacci level.

Now, how do we know when to pull the BUY trigger? Ah! Ah!! That's the big question. This is where strategy, experience, and emotions play major roles.

Raider76:
People who have many stocks in their portfolio and are doing Jojo, abeg how do you monitor several stocks at a time? Do you have staff? I find it difficult to track more than 1 or 2 stocks at a time.

Raider76:
People who have many stocks in their portfolio and are doing Jojo, abeg how do you monitor several stocks at a time? Do you have staff? I find it difficult to track more than 1 or 2 stocks at a time.

dapix:
Ding

ositadima1:


You can use the site Investing . com to create a watchlist and filter stocks based on your chosen parameters. They also have an alert option that will generate a notification on your phone if you have the app installed, or send an email. The alert option can be used to track price levels (like if a specific price level is crossed, it sends you the alert), percentage moves on any given day (as it happens, I think delay is about 30 minutes), and more.

Or, if you know how to code, Python can be useful to do the scanning for you based on your own customized criteria or indicators. For example, you can write code that scans for double bottoms, which you can run every day after obtaining the day's OHLCV (Open, High, Low, Close, Volume) data.

These are just a few options available to you.

bovali:

I exited oando last quarter at 15. With a 40% gain and I also posted what I bought with the proceeds. As at today I don’t own any Oando and I’ve stated clearly why. You can read my old posts. It’s all there in public

ositadima1:


I am not trying to talk you down, but this Fibonacci retracement is as subjective as anything; interpretations could be as numerous as the people using it. Why didn't you start the zero at all those points I marked? After all, at some point, the right part of the chart to that point was yet to develop. Would it have given you the same conclusion? None of these weak technical tools (Fibonacci and co.) can be compared with resistance/support lines, trend lines, RSI, or even moving average crossovers, which are far more reliable.

To me, Fibonacci retracement is a joke.

mikeapollo:


Okay, that is fair enough!
Oando was good enough for you to enter, make 40% and exit, at a time when they had neither finalized the ENI deal nor incorporated the inflows from the acquisition in their financials.
Some people are now saying that with the conclusion of the deal, Oando is now also good enough for them to enter, as they see better prospects in the company.
The ''Merciful Lord'' that guided, protected you whilst in the ''Oando bus'' and made you to alight safely with 40% booty will also do same for those who decide to remain or join in the bus, until they get to their destination and alight safely! Say Amen, sister!

Cunning man die, cunning man bury am!

SpaceX:
with the recent development of addition of the ministry of livestock I intend to invest in agricultural stocks and add to my portfolio. I have a target of 39% before the year runs out, I will advice you do same.

I love to challenge myself in owning different stocks, and contributing my top notch analysis gives me so much Joy.

Disclaimer: This is not an investment advice.

BullBearMkt:

@ositadima1, I understand your dilema on Fibo retracement! As I stated before, you use Fibonacci Retracement in a trending asset, and not a range.

Back to your question. Why didn't you start the zero at all those points I marked?
1. Fib Retracement does not start at those marked points, if you want to BUY (Swing Highs), rather you start from swing lows
2. Draw line across 2 swing lows, and start from the starting swing low and end with the currently existing highest point (Highest Swing High)

I am happy you asked the question and I hope I've tried to throw more light on the use of the tool. It is not a subjective tool as you stated, but a very good tool if you are targeting a particular level price will pullback to.

Raider76:


Great. Thanks. I have been using Investing.com but have not gone beyond looking at charts. Will explore more.

BullBearMkt:

lol!
That is where risk management is important. Invest only the money you can afford to loose

ositadima1:


The problem is that swing low and swing high are relative terms; they depend on where you start counting on a chart. It's possible that tomorrow we may have a new swing high/low. Will your Fibonacci retracement look the same as another trader's who used a different swing high, or do you keep moving your highs and lows as the chart develops?

In my early days, when I was experimenting with every indicator, I used Fibonacci retracements until it dawned on me how subjective they were. This realization came after seeing the tool brutally discredited with solid reasons on a Reddit forum I was using at the time. I don't remember all the details, but I know it's very subjective.

Actually, it's very easy to use, as I recall. I have some of my charts with Fibonacci retracements posted here on this thread, I think from around 2021 or so. So, I know very well what I'm telling you.

nosa2:


GTCO is raising approx N400b from this offer. GTCO made over N400b in Q1 2024.

Is it just me or would it not be sesible to just retain earnings?

Agbalowomeri:


Not my style

When I go in, I go in hard