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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11871449 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:26am On Oct 10 |
At this rate, it may close the week at N3.05 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:27am On Oct 10 |
godlyguy: Trading on NASD App You can't use your cscs details on NGX to trade on NASD. To trade using the app, first open a NASD csc account with any of the stockbroker that has NASD license, then download the app and while registering on the app, provide your NASD details not NGX details. NASD will contact your stockbroker to confirm your identity, once that is done, you will have access to trade on any NASD stocks, you fund your account directly to the app and do your buy/sell; any trasaction done will be sent to your stockbroker and be captured in your NASD inhouse account with your stockbroker. Trading on NASD is linked with your stockbroker at the backend. To open a NASD cscs, click the 3rd link on my signature to complete the online registration. However, immediately you complete the online registration, send a mail with your full name to inform the customer care that your registration is for NASD because the default is NGX cscs or you can contact me to send NASD account opening form to you. 8 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:29am On Oct 10 |
yMcy56: Looking at Nigeria banks (especially ETI) I could deduce exchange rate used for 2024Q1 was about N1303 and for Q2 was about N1488. Discussion on the direction of the Naira is useful here for fundamental thinking. Some of the pro and cons arguments were worth reading!. Looking at this this news https://nairametrics.com/2024/10/10/naira-closes-at-n1625-13-in-ie-window-amid-market-turnover-decline/ and the way the naira is currently exchanged +1600, 2024Q3 may record further shareholder asset valuation gains for banks with net dollar assets and drags for those with net dollar liabilities. Wish the exchange rate stays within that of 2024Q2 of less that 1500 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:33am On Oct 10 |
** Edited* 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:36am On Oct 10 |
yMcy56: I have been waiting to read your Analysis on Lasaco. Now that I have, all is well now. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:41am On Oct 10 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:43am On Oct 10 |
Seems so... Mpeace: |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 10:44am On Oct 10 |
yMcy56: Please make me understand why the N9 billion will not dilute the existing OS prior to the private placement. Was it a loan facility or equity financing? Maybe I’m missing something. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 10:44am On Oct 10 |
Thanks emmasoft: |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:45am On Oct 10 |
BabsO2:Yes, pros n cons were worth reading. They directly and indirectly affect the stock market. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:46am On Oct 10 |
yMcy56:why was the private placement at such discount of #1.20 when you compare it to other recent private placement/Ri or new buy out. Based on margin of safety. Is it wise buying now above the price of new owners of the business 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:48am On Oct 10 |
After the Bonus of 4 for 5 by REGALINS and the PP by LASACO, they are almost on par wrt Issued Share Capital. Their performance and market share is now up to the respective mgt... |
Re: Nigerian Stock Exchange Market Pick Alerts by gloriousdawn: 10:50am On Oct 10 |
Mpeace: Likely on suspension for the anticipated share reconstruction. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:03am On Oct 10 |
OakPearl:Me I don talk my own Let everyone carry out their DD as well. Reason I dont want to talk about it in the first place. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:04am On Oct 10 |
Why has this trend become constant with naija banks.For many yrs now once we enter ember months all nigeria bank networks begin to malfunction mostly on transactions across to other banks.This has been steady occurrence since 2020 or even below |
Re: Nigerian Stock Exchange Market Pick Alerts by talk2me2: 11:08am On Oct 10 |
KarlTom:What is even propelling Lasaco? After all they did not recommend anything for their 'shellholders'. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 11:12am On Oct 10 |
OakPearl: If you want to buy any stock,do your own due diligence. There is no need to argue with some people on matter of facts. The 9b+ share through pp will be added to the existing shares which might not happen immediately and will be listed accordingly. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:21am On Oct 10 |
Ellahlakes reversed yesterday's drop. Moved from N4.40 of yesterday to N4.70-4.75 in the market right now. Was watching for a 4.00 entry today . Pulled back towards N4.40-4.50 by 11:25 hrs |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 11:23am On Oct 10 |
Oando is heading to ₦50 which is a good entry price. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:23am On Oct 10 |
OakPearl:Sorry OakPearl I thought it was Oga Pluto09 that asked me . 😁 We argued on Mansard when it was selling below N2, today, we all know where MANSARD is......so I don't want to go into any argument on Lasaco again. 😊 ...but I won't want to discuss on LASACO now.......I've said the little I know about it in the past... If there be any more info, I may again share. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:24am On Oct 10 |
gloriousdawn:But they are yet to recieve shareholders and court approval. |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:31am On Oct 10 |
designking: Looks like a N70 support has formed. Currently trading at N69 and resisting any sharp drop. Perhaps bounce up coming. . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 11:34am On Oct 10 |
Mpeace:I think shareholders gave approval at the last agm |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:48am On Oct 10 |
designking: Will you buy at #50? I thought you said you will buy when it gets to #60+? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 11:56am On Oct 10 |
megawealth01:I want to wait for ₦50. ₦60 is still a bit risky. |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:07pm On Oct 10 |
designking: If Oando likes, let it drop to N20 or even lower! It would only enable someone like me to load more units! You would not see Oando to buy at N100 after release of 2024 full year results Please Note: This is no marketing for Oando This is no monkey hunting for Oando This is no due diligence for Oando. This is only meant for those who are in Oando or interested in buying. You can dump your units or ignore Oando completely if you are not convinced or comfortable with its prospects, potentials etc. and enjoy your peace of mind. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:09pm On Oct 10 |
Princkez:Wow so when next we see transcorp it will be on 44.20. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 12:11pm On Oct 10 |
Those that have missed out on Transcorp...it is well TOE needs to pump it...funds needed for UBA offering. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Utalinmou: 12:13pm On Oct 10 |
emmasoft: Please show us a picture of the app so I can download correctly |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:24pm On Oct 10 |
Utalinmou: 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:29pm On Oct 10 |
designking: And what if it gets to #50? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:36pm On Oct 10 |
designking:But you said this before , now it's 50 you're looking for. Issokay 4 Likes |
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