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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11429009 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:16pm On Jul 23 |
KarlTom: It can't fly, it will be challenged in the court 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by egwue: 5:28pm On Jul 23 |
Streetinvestor2: That's what happens when the wrong people with vested interests are running the government of a country. Doesn't it sound strange and funny that Alhaji is importing crude from far countries. The cabals with their wicked claws (structures) are really holding this nation hostage. May God deliver us. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:42pm On Jul 23 |
Superex: 53 units times 19.35 equals 1,025 naira and 55 kobo. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 5:46pm On Jul 23 |
sky2891: One may assume the latest monetary policy decision by the Apex bank to be a relaxation in policy direction, but that's not the case. It seems the regulator still sees an aggressive rate expansion as a "bullet-proof" means to tame surrounding risk/inflation. The minor 50bps/0.5% increase in MPR (compared to past average upward revisions) is the CBN trying to mask her aggressive hawkish stance, when in fact, the adjustment on the asymmetric corridor suggest otherwise. For context, a 400bps/4% increase in the SLF-side of the corridor from +100 to +500 and corresponding disproportionate review in the SDF-side from -300 to -100 infers that the CBN believes in, and is continually looking or should we rather say-- HOPING that an upward adjustment in rates can cover up for the negative real return created by the heightened surrounding risk/inflation. The problem with this sought of "hope" is that the apex bank might be neglecting the base effect these upward reviews have on funding cost and by extension, the real side of the economy which the so-called policy seeks to address. An asymmetric corridor of +500/-100 is the CBN effectively telling DMBs that we can afford to lend you money @ 31.75% but borrow from you @ 25.75% (ref: +5/-1% around the MPR) That 2--6% min/max spread skewed in favor of the SLF-side of the corridor (above previous guide) clearly suggest that the bank may aside looking to speed-up liquidity sweep from the system, continues to attach a high risk premium to Naira assets. (hence the disproportionate margin btw the SLF and the SDF) It seems the Apex bank is "trying to fight a battle but also instigating one at the same time". I dare say that the CBN can not win this "war". ...not with this approach and especially NOT when the fiscal side is playing dumb! Possible implication and inference: -- More pressure on CoF.... likelihood of further increase in surrounding risk/inflation. Could be marginal MoM in Q3, but broader in Q4. -- DMBs with preexisting healthy loan book and whose operating business model is investment driven than loan-based will do well. -- From the micro-end, investing in coys/businesses with a "hedged capital structure" can not be overemphasized. At this point, the need for capital preservation is just as important as the quest for it's growth. -- Rates in the FII market may remain elevated in the near term. Right now it's not just the banks that need your money, the CBN and in recent time the govt, also needs it! ![]() ![]() -- Increased awareness and participation in investable securities as the quest to bridge the widening gap/disequilibrium btw purchasing power and surrounding risk increases. (one of the key reason the equity market may not reprise downward... driven by select anti-fragile coys and supported by favorable asset pricing) -- Select healthy equity names from sectors that are bound to benefit from the "dislocation" in the macro-end will do well. It is well 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 5:59pm On Jul 23 |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:15pm On Jul 23 |
onegentleguy: Simplifying 1. Central Bank's approach: Simplified: The Central Bank's actions seem contradictory. They're trying to solve problems but might be creating new ones. Their strategy probably won't work, especially since the government (fiscal policies) isn't helping much. 2. Cost of Funds (CoF) and Inflation: Simplified: Borrowing money will likely become more expensive. Prices might rise a little in the next 3 months, but could rise more quickly in the 3 months after that. 3. Banking sector implications: Simplified: Banks that already have a good mix of loans and investments will do better than banks that rely mostly on making new loans. 4. Investment strategy: Simplified: It's smart to invest in companies that have protection against economic ups and downs. Right now, keeping your money safe is just as important as trying to make it grow. 5. Fixed Income Instruments (FII): Simplified: Interest rates for savings and bonds will probably stay high for a while. Banks, the Central Bank, and the government all need money, so they're willing to pay higher interest. 6. Equity market outlook: Simplified: More people might start buying stocks to protect their money from losing value. This could keep the stock market from falling, especially for certain strong companies. 7. Sector-specific opportunities: Simplified: Some healthy companies in industries that can do well during tough economic times will likely perform better than others. 8. Overall economic environment: Simplified: The economy is facing big challenges, but this creates both risks and opportunities for investors. 13 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:28pm On Jul 23 |
@OGG, despite all the long grammar and jargs ![]() ositadima1: Hehe, what are the antifragile companies, please help o, I go pay sub once I make some money, I promise. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 6:41pm On Jul 23 |
ositadima1: The equities gymnastics is already getting tiring for me. Might just stick to 5 than opting for 6. The supposed good picks in equities(scratches head) Where would fresh cash come from for the supposed businesses? See the image over Alhaji(ALHAJI OO). Are we about to see a full blown cart£l operation? Thank you ogg, you will not win us. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 6:46pm On Jul 23 |
emmanuelewumi:I hope they are not intimidated to fall in line.I read whr they are considering to make it a criminal offence if the ceo of banks refuse to pay within a stipulated time.And which after they stand the risk of jail.....this government is really becoming something else. I had really believe this government could offer something better than Buhari believing nothing could be as worst as his government even as I am obedient 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 6:58pm On Jul 23 |
ositadima1:Good break down.On number 7,you can go further to suggest the companies you think falls into that category. And stop looking for trouble...lol 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 6:59pm On Jul 23 |
Streetinvestor2: Man moves around with an ♾️ signage. The difference between him and bubu is that he's more intelligent. I'm just going to sit back and see how to keep my piping skill going(laying pipes is my full-time job). Without sounding callous, I pray for the common man if they don't act! I pray we're all safe. |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 7:03pm On Jul 23 |
Mind you everybody is already doing shares dilution in whatever guise. Minimum wage is a disguise not born out of interest for the people, but to propagate his workings. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 7:16pm On Jul 23 |
egwue: Why can't they privatise NNPC and list the shares on NGX |
Re: Nigerian Stock Exchange Market Pick Alerts by Bagwa: 8:09pm On Jul 23 |
emmanuelewumi:President/CE of Dangote Industries Limited, Aliko Dangote, (left) in Gabon on invitation of the President, Brice Oligui Nguema (right) to explore investment opportunities in Cement and Fertiliser (Urea and Phosphate). #DangoteFertiliser #DangoteCement 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 8:35pm On Jul 23 |
I was about to post this. ![]() I love this man's tenacity and dodgedness. This is a pointer to the fact that he is not remotely thinking of selling his refinery. A classic example of if one door closes, look for another open door instead of crying in front of the closed door... Bagwa: |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:01pm On Jul 23 |
KarlTom: When you reach a certain level of wealth it is hard to bring you down. Like they say that some banks are too big to fail, I think the FGN and the oil cabals will find Dangote hard to swallow. The oil import and subsidy fraud and the government refinery rehabilitation scum is a syndicate developed over 30 years. Only someone as big as Dangote can challenge them, and I believe with the help of the population he will win. But it will take time. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Elsueno: 9:03pm On Jul 23 |
Pesuzok: Does he even need to do that? His product would still be much better in quality & cheaper too, since lots of costs associated with imports would be substantial less compared to those that would be importing. And with the sheer refining capacity of that refinery, importers of refined crap would definitely go out of business quickly 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:32pm On Jul 23 |
Raider76:If alhaji wants to play dirty. He can rubbish this government that before they see it coming it will have pushed them to exist door.He is in some major sectors that has mutiplier effect on the population and economy. Just take some serious decisions and hunger will increase. And you go see Kenya remix for naija Street. You know what it means to be richest Africa man.It is not bringing small cash to buy election. This is real dollar billionaire .He is the highest employer of labour beside the government in naija.Let him just announce the stopped of sell of diesel alone to nigeria and price goes back to 1800..You go begin see niaja people reaction. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by talk2me2: 9:41pm On Jul 23 |
KarlTom:Why not special hurricane/Tsunamis Tax Rebate for those coys in the foods and beverages as well as the Telecommunications and other sectors of the economy that lost most or even entire equity in 2023 alone due to the reckless foreign exchange policies of the Tinubu lead FGN. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:55pm On Jul 23 |
talk2me2:You dey mind the yeye government. They have borrowed life out of the economy without anything to show for it.They are looking inward to steal from us via 50%on forex,dormant accounts and unclaimed dividend..what a useless minister of finance and half baked cbn governor. This was actually they stopped bank from paying dividend from it and part of recapitalisation fund. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:57pm On Jul 23 |
Why are all this guys waiting till last minute to release results. It is making the market dull |
Re: Nigerian Stock Exchange Market Pick Alerts by Choiceguy: 11:25pm On Jul 23 |
onegentleguy: Thanks OGG,remain blessed. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 11:26pm On Jul 23 |
They have increased it to 70%. See below: The National Assembly approved a proposed amendment to the Finance Act on Tuesday, which aims to introduce a 70% tax on Banks' substantial foreign exchange profits in 2023. The Finance Act (amendment) Bill was passed after each chamber reviewed the report from the Joint National Assembly Committees on Finance during the plenary session. The Chairman of the Senate Committees on Finance, Senator Sani Musa, presented the report to the red chamber, alongside Hon. James Faleke in the House. The Joint Committee, in its report, noted that “that the banks enjoyed windfall as a result of exchange rate unification policy of the Federal Government.w “That the windfall was as a result of FX allocation to selected Commercial Banks. The policy does not permit the use of windfall for dividend payments.” “that the application of the provision of Section 30 of the Principal Act shall take effect from 1st January 2023. “The levy shall be 70% (for federal government and 30% for banks) on the realized profits from all exchange transactions of Banks. “Any bank that fails to pay the windfall profit levy to the Service, has not executed the deferred payment agreement as at the time of commencement of the regime, shall be liable to pay the windfall levy withheld or not remitted in addition to a fine of 10% of the levy withheld or not remitted per annum and interest at the prevailing Central Bank of Nigeria, minimum discount rate.” 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dlemy: 11:35pm On Jul 23 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 11:37pm On Jul 23 |
Streetinvestor2:You overrate money against power. If he does that, he will blame himself. Mind you, he can only do it once before being rendered unable to do it again. After God, na Government. Don't underestimate the government. If tomorrow, they decide to tax him specially. President only needs to get the legislatures to do that. It becomes a law and even the supreme court has to follow the laws. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 12:20am On Jul 24 |
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 2:28am On Jul 24 |
Streetinvestor2: Weren’t you the one insulting me like 3 months ago or so when I called the cbn incompetent? Sir, permit me to call you a m0r0n!! This is just the beginning of your wailing, you go cry tire 🤦🏽♂️ 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 3:44am On Jul 24 |
TRANSCORP HOTELS The Epitome of a Growth Stock Transcorp Hotels embodies the definition of a growth stock, promising a brighter and rewarding future. The company's exceptional 2024 Q2 performance is a testament to its competent management team. Key Highlights: - Earnings Per Share (EPS) stands at an impressive 0.65 kobo - Revenue is soaring The cost of revenue is manageable - Retained earnings are substantial The Federal Government of Nigeria (FGN) should consider hiring Transcorp Hotels' management team to transform the country's economy within 24 months. Their expertise and track record make them ideal candidates for this task. After the transformation, they can return to Tony Elumelu, their owner, and continue to drive success in the private sector. sterlingD: |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 6:31am On Jul 24 |
Mankind2024: It sells at N98.40 . How is 0.65k EPS impressive? 11 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Boshins: 6:48am On Jul 24 |
Ades1:haha |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 7:15am On Jul 24 |
SonofElElyonRet: If all the earning is impossibly paid as dividend, it will be about 0.66% dividend yield without withholding. It's a good N6 and below stock for dividend hunters. Again, who knows if the magicians will push the price further due to the seemingly impressive result. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 7:27am On Jul 24 |
target and dates for following assets uba aug12 ~16n wema aug.07~ 4.84n sterling aug16~ 2.5n country is bleeding, investors repositioning portfolio 1 Like 2 Shares |
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