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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11376852 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:31pm |
ositadima1: Very good. That means free cash flow return on equity will be about 20%. Not bad at all 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 1:56pm |
https://nairametrics.com/2024/05/04/equity-reconstruction-transcorp-proposes-1-for-4-share-ratio-to-shareholders/ There hasn't been much news about it lately. ositadima1:
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Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 1:58pm |
onegentleguy: One of the key attributes of writing is communication skill. That one is lacking in all you write. If you wanted only the person you quoted to understand you, then you should do him an email. You are trying but u can do better by communicating, because it's important to have it in mind that many members here are new to investing and these terminologies and ambiguous sentences are not helping them unless it's all about drawing them to your institution for a paid subscription if they care to understand. Anyways, it may be ur strategy, so who am I to blame you 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:13pm |
Mankind2024: This why I love you bro... Your maturity in all discuss is topnotch... As for WEALTH abeg ask my Oga Emma na him step I dey follow oooooo I'm still his student 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 2:20pm |
emmanuelewumi: What will it be after reconstruction of 1:4 when OS = 10b and price= 40? |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:22pm |
Raider76:...Oga Raider, why you want hold the stock price? Dair is God o! ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 2:42pm |
Raider76: What is the difference between 12 and a dozen? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 2:51pm |
Mankind2024: Haba, 8 figure net worth on NGX keh. I guess you wanted to say how they amassed 8 figures dividend income from NGX 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:00pm |
vacanci: He is trying so hard to sound knowledgeable and complicated to attract customers 😂 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 3:06pm |
Yes, boss, an eight( ![]() Eight figure networth is a chicken change in Naira. emmanuelewumi: |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:09pm |
Agbalowomeri: Agbaya ni e. Se nkan t'oye ko so niyen |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 3:19pm |
NGX ASI AT A CRITICAL POINT: A MAKE-OR-BREAK MOMENT The Nigerian Exchange All-Share Index (NGX ASI) is now at a critical point. The weekly structure continues to deteriorate, forming higher lows (HL) and lower lows (LL). A close below 96,961.25 in the coming week could make the Nigerian stock market increasingly vulnerable to decline across many stocks. Hence my previous post to be cautious in the market. However, looking at last week's closing volume on the Nigerian Stock Exchange, it seems the momentum to drive the index further down is waning. If the volume continues to decrease as index declines, we may likely witness a false breakout. PLAN YOUR TRADES AND TRADE YOUR PLANS ![]() ![]() ![]() ![]() ![]()
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Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 3:28pm |
onegentleguy: emmanuelewumi: Don't mind that halfwit! ...he has NEVER been smart, so you shouldn't be surprised. If not for simplicity and humility, I would've said we go on a bet (he & I), putting down at least a 7-figure amount to know who's well grounded in both FA and TA. ...let's see if he'd even come close to anywhere near 30%. ![]() ![]() ![]() If only he knows the No of persons we guide, even... (he should read the above post again) Envy and inferiority complex will destroy that dude one day. I did say I suspect he has a FITMD. ...it's confirmed now! ![]() ![]() ![]() Honestly, Agba is NOT worth the time. ...not even a tiny little bit! It is well 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 3:39pm |
BullBearMkt: Once again, you have spoken well. ...correct! ![]() ![]() It is well 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 3:39pm |
BullBearMkt: You are well appreciated. Thanks for making it simple. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 3:47pm |
Laso09:How I wish I had gone to Cambridge, Oxford, Harvard, or Massachusetts, I for dey speak big, big grammar like Oga OGG; but thank God for the evening school my papa and mama could afford ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 3:49pm |
BullBearMkt: Unfortunately people don't like share reconstruction. |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 3:54pm |
emmanuelewumi: See.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 3:58pm |
👍 https://nairametrics.com/2024/08/17/nigerias-ngx-index-drops-1-51-as-investors-react-to-results-and-inflation-data/ BullBearMkt:
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Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 4:00pm |
Agbalowomeri: Badz Boy... ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 4:07pm |
Mankind2024:...Interesting news. There is announcement of a decrease in inflation, instead of the market to react positively, newspaper reported investors' displeasure. The rich will always take advantage of the poor ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 4:21pm |
On TRANSCORP... I think it's best to wait until after the 1 for 4 reverse stock split exercise. As I told some of my prime and outline subscribers then; exiting at the N18--19 high was both a capitalist and smart trading and Investment decision. Locking in profit and/or one's investment capital was an absolute necessity. ...especially after the huge returns they booked riding from strategic entries of N1+ and N3+ respectively. Fundamentals called for it... TA agreed at the time. ![]() ![]() Price may hover around the +17--30% appreciation from CMP, but I believe another great entry opportunity will suffice post share consolidation. It is well 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 4:22pm |
BullBearMkt: ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:20pm |
onegentleguy:I disagree with both you and @Raider76. The major determinant of the stock's price movement will be the investors' perspective on the company's financial performance and the overall economic outlook (NGX-ASI). ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 5:51pm |
crownprince2017: Let me try my hand at analyzing Fidson. Fidson is a tough one, and there may be hidden notes in the 2023 financial report, but I haven't checked thoroughly. Fidson's cash flow from operations is about 1.54 billion naira, as reported in the financials, which it almost entirely paid out as dividends of 60 kobo per share. However, capital expenditure was several times the cash flow, at about 4.53 billion naira, which I guess was funded by a 6.7 billion naira increase in borrowings for the year. Most of this capex comes from capital work in progress (WIP), about 3.3 billion naira. A similar magnitude was also invested in the previous year, 2022. I don't know what they're planning, but maybe they acquired some of GlaxoSmithKline's assets. Since it's WIP, it's not yet operational and has yet to generate revenue. As I mentioned before, debt increased significantly, but the debt-to-equity ratio was still acceptable at 0.96. I anticipate Fidson generating much more revenue and, consequently, profits when the WIP investments become operational. I hope a FCFE per share of 1.2 naira will not be too far off. Running the MC simulation with 1.2 would put Fidson's value between 16 and 31 naira. Fidson appears to be undervalued. Note: The key to Fidson's future performance will likely be how well they can translate their capital investments (the huge capital WIP) into revenue and profit growth. |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 6:01pm |
But Japaul closed at 2.20. Explain how come a buy @ 2.10. Do I wait for it to retest 2.10 before I buy or I buy at current price. Appreciate your response BullBearMkt: |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 6:04pm |
BullBearMkt: You're right about what could possibly impact the coys equity price performance, but you seem to be missing something; the fact that the prospect of that part in bold can also be affected by the implementation of the proposed reverse stock split exercise. When you incorporate this part, you have a not-so-strong forward looking sentiment that may have watered down the belief system of investors in the company. As I highlighted in the post you quoted, a trader can make some return, but an investor needs to thread with caution. As I always tell folks; except for where the intention is to attract a PE/Core investor, a reverse stock split exercise in the stock market world is 88% of the time an act crafted to take away more from an investor by presenting them with a make believe impression that they can get more value from an asset play should a presumed QUALITY be made to replace QUANTITY. Again it's also pivotal for an investor to consider the factor of X ratio and how it's weighting can mirror the earnings capacity of the company. A smart investor may want to weigh in on the coys earnings stance to see if it'll be a TRUE REFLECTION of the coys valuation or if it's overblown. This can only be better scrutinized after the share consolidation exercise. Think I highlighted some of these stuffs in one of my past articles. Bottom line: A trader may decide to play it but then again with caution. (I don't see much room for upside in the very near term) An investor would be better off waiting. No doubt, TRANSCORP holds great prospect, but we will enter and ride it at the appropriate time. Selah |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:16pm |
ositadima1: With net operating cash flow of about N1.5 billion and capex of over N4.4 billion. Free cash flow can't be positive
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:21pm |
For earning quality you compare the profit after tax with the net operating cash flow. Ideally the net operating cash flow should be higher than the profit after tax In a situation whereby the PAT is higher than the net operating cash flow, it is prudent to use the cash flow operations for your research and valuation. PAT is over N3 billion but operating cash flow is about N1.5 billion |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 6:44pm |
emmanuelewumi: FCFE = Cash Flow from Operations - Capital Expenditures + Net Borrowing If money flows in from net borrowing, then FCFE can be positive. The reason for this is that borrowed money is considered part of free cash flow to be used for whatever purpose the company chooses. This approach reflects the idea that debt financing increases the cash available to equity holders in the short term, even though it creates a future obligation for repayment. Copied.. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:54pm |
ositadima1: What is the free cash flow (firm)? |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:01pm |
emmanuelewumi: The lower cash flow from operating activities is probably due to receivables tying up cash. However, the 1.2 figure was not a calculated value, as the calculated FCFE was primarily derived from borrowing. Instead, I made a rough assumption: I multiplied the cash from operations by 2 and used that as my FCFE estimate. I did this because the over 6 billion investment in Work in Progress (WIP) will likely generate revenue in the future. I believe I made this clear when I expressed it as a hope rather than a certainty. |
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