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Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:25pm On Sep 13 |
cocolacec: Let's see if it can test N40 again. |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 12:28pm On Sep 13 |
Trade your plans. Plan your trades This is one of my favorite quotes from @BULLBEAR Research diligently before you enter any stock has nobody will be there for you should you lose your capital Be wise 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:29pm On Sep 13 |
yMcy56:OK If I see it again within close range. I am out for good.i am tired with the nonsense happening thr |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 12:32pm On Sep 13 |
Who mentioned ELLAHLAKES here.....hmmmm |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 12:33pm On Sep 13 |
Princkez:What happened to Ellah Lakes? Any update? |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:34pm On Sep 13 |
yMcy56: Thanks for this. Jegede's plan to pay dividends without ceasing is a powerful one. But Japaul is a little pricey and risky now for new purchases in the market. Tempted to average up. Best not to sell instead, even if the price swings up should it swing up as it is looking good for long term investment. |
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 12:40pm On Sep 13 |
I dropped initial info here two weeks ago, seems the news has cast in upper circles as it’s on full bid now. I will drop more info: they’re at SEC for an equity related transaction which should be completed before end of year. I quoted ~#60 as a target price but I think I misheard, now hearing ~#70 can be a reality. Do your own DD vacanci: 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 12:45pm On Sep 13 |
zendi: I used the monkey trade fable to describe the high risk Oando gamble (JIJO) in the days before the Court ruling that minimized the fear of delisting and unleashed the great Oando Bull that has just created some of Nigeria's latest multi millionaire's. |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 12:46pm On Sep 13 |
Now that Honeywell flour mill has followed FMN in entering full bid, could it be the turn of NNFM? A quick check shows NNFM is on full offer, even though they have a net asset per share of N36.90. At today’s lowest offer price of N39.15, might not be too bad an entry for the FA purists. The risk in it is that it’s on full offer, no bid at the moment. But there are offers higher than the least price. Meaning once the least price is cleared, there’s a tendency for attention to be drawn to it. Flour mills (FMN) that is on full bid now actually owns 59.6% of NNFM. BBM the great, what sayest thou thine charts on NNFM? |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:50pm On Sep 13 |
Actually, FLOUR is yet to gain a kobo while HONEY is currently +10% Is Flour so illiquid OR OakPearl: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:54pm On Sep 13 |
To think that I almost sold ALL my holdings with FBNH @24. Now I am super grateful the deal fell through... KarlTom: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 12:55pm On Sep 13 |
designking:nothing ooo but the way they are parking the stock...got to #3.30 this morning |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 1:03pm On Sep 13 |
KarlTom: I am thinking it has a lot to do with the hint @Sunrisepebble dropped. Broker to broker cross deals might be happening, with a few retail-retail investor’s transactions. But in all, when a stock goes full bid, no one wants to sell. I haven’t checked the free float though to answer your question fully, but I recall Flour’s bull run from N18 to over N40 some years ago. Noticed the illiquidity then too. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:08pm On Sep 13 |
OakPearl: Speaking of contagion effect. I see an unrelated stock that could follow FMN. Maybe the manufacturing industry relationship is the connection? Disclaimer - TA or charting is not my forte so please do not make a buy or sell decision based on this post. Not sure I really understand what I posted sef.
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Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:09pm On Sep 13 |
designking: Lol! Please, be mindful how you use Oando as a yardstick or benchmark for comparing or analyzing other stocks. The stock ''Oando'' and its antecedents is not something that everyone on this platform likes or is comfortable with. So you don't end up having some unnecessary antagonists, like it has happened to some folks. To those antagonists, anyone that is excited about Oando must be either an APC agent, or doing MH (they call it ''Monkey Hunting'') business. Wish you all the best in your investments, whether in FBN, GT, ZB, UBA, JP or Oando or whatever 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 1:12pm On Sep 13 |
Free float for FMN should be about 35%. The full bid in FMN has caused contagion effect in HONEY, to be honest I am not sure how the pending transaction with FMN positively affects HONEY but I will find out OakPearl: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:13pm On Sep 13 |
Sunrisepebble: Please do. I want to check something 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:14pm On Sep 13 |
Princkez: Na wa for you o. Until the off-screen seller is done, Ellah is not going anywhere (in the short term) in my opinion. That said, strong positive news or deep pockets can absorb the shares the seller wants to offload. Until then, the seller is running the show. |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:15pm On Sep 13 |
Omooloriredade:The only related connection I have is both have their strong base in Calabar-Crossriver state.. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:16pm On Sep 13 |
Omooloriredade: |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 1:16pm On Sep 13 |
OakPearl:Chief OakPearl, I hope you're doing great! NNFM is experiencing selling pressure. Current price at Jan 2011 support. IF this support cannot hold the price, then there a subtle hurdle between 32 & 36 before jumbing to 30!
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:20pm On Sep 13 |
BullBearMkt: Something I got at sub km15 last year |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 1:21pm On Sep 13 |
Sunrisepebble: I have been hinting on the potential impact of FMN's acquisition of Honey Well, although HWF has reorded losses in three straight years after the deal. But I believe the acquisition will yield some strong positives in synergy in logistics, cost efficiency and enhanced profitability for Honey Well as their factory is located near FMN in Apapa. The company is undergoing some restructuring so watch out for a turnaround very soon. |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 1:25pm On Sep 13 |
Omooloriredade:Good job @Omooloriredade! From 52 week comparison chart, NNFM maybe facing profit taking having over-perform its pair and consumer good sector (generally) for the past year. Flourmill & Honeywell are now performing with investors perceving that they are cheap. NNFM will need to find a good support level before joining the group! Full chart: https://www.tradingview.com/x/CLN1SVjG/
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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 1:28pm On Sep 13 |
megawealth01:...and some 8! |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:29pm On Sep 13 |
BullBearMkt: But not last year |
Re: Nigerian Stock Exchange Market Pick Alerts by cocolacec(m): 1:31pm On Sep 13 |
Conhall Plc finally moving. |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 1:33pm On Sep 13 |
megawealth01:2023, after DB! |
Re: Nigerian Stock Exchange Market Pick Alerts by Yemy3m: 1:46pm On Sep 13 |
Possible merger. Flourmill+Honeymill 1:9 or 1:10 Win win 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Yemy3m: 1:47pm On Sep 13 |
Oando still in debt but income near double. Result out soon. Dnt sell. 10 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:52pm On Sep 13 |
JP More accumulations ongoing..... Over 100m units done in transactions so far... 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:54pm On Sep 13 |
BullBearMkt: WOW |
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