Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,211,080 members, 8,010,852 topics. Date: Saturday, 23 November 2024 at 10:04 AM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11924396 Views)
Nigerian Stocks To Buy - 2025 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
(1) (2) (3) ... (8402) (8403) (8404) (8405) (8406) (8407) (8408) ... (8477) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:24pm On Nov 04 |
Agbalowomeri: Forward looking statements are futuristic, that is what they have been using for the past 20 years to hypnotize us and turn us to fanatics. Well Sha the slogan is "Oando the future". Forward looking statements are expected 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 8:31pm On Nov 04 |
We are also going to overlook making full year profit in half a year. Ok ooo... |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:33pm On Nov 04 |
Zagee: |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 8:37pm On Nov 04 |
Abeg make everybody rest for this OANDO matter. Itâs now a gloating game. Assuming it closed on green today, I am sure pro-oando group would have celebrated here and also taunt the other group. Everything about Oando (the good and bad) is all out in the open and littered over multiple pages of this thread. Make una let the stock breath abeg and face other stocks. Las las with the companyâs strong PR game, I wonât be surprised if it goes on another bullish rally. For me, na Aradel and Zenith be my major interest. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:37pm On Nov 04 |
MTN Nigeria to issue N50 billion in new Commercial Paper to support working capital https://nairametrics.com/2024/11/04/mtn-nigeria-to-issue-n50-billion-in-new-commercial-paper-to-support-working-capital/ |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:38pm On Nov 04 |
USAfall2024: Up Wale |
Re: Nigerian Stock Exchange Market Pick Alerts by Trojan8(m): 8:42pm On Nov 04 |
Zagee: Why are you also overlooking the fact that half year profit in 2023 was almost double of the full year profit for same year? If something similar happens this year then last year's PAT would be at least x2 of this year. People see what they want to see. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Trojan8(m): 8:43pm On Nov 04 |
USAfall2024: Aradel would make people smile. It was just overpriced on listing and market correction followed. I would be buying once it hits 350. |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 8:49pm On Nov 04 |
Trojan8:Ok. Ba dama. |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 8:54pm On Nov 04 |
Trojan8: #350 or lower will be a steal. Tbh, I didnât expect it to go lower than #400 but now I am no longer sure of what range it will bottom. I had a 5K units target and I currently have 3,645 units (BE @#458). I will complete the last tranche this week as the price dips further. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:57pm On Nov 04 |
megawealth01: Lol I no even sabi where she dey again, probably in Copenhagen |
Re: Nigerian Stock Exchange Market Pick Alerts by Trojan8(m): 9:01pm On Nov 04 |
USAfall2024: Honestly, I might not be able to wait to those levels but seems feasible currently. You have gotten yourself a nice bag |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:07pm On Nov 04 |
USAfall2024: I will buy at 150 and sell at your BE price 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 9:08pm On Nov 04 |
Trojan8:Tbh I just want to finish loading my target and get off from this spaceđ. After that, I no get business with NGX market. I will return to just checking Morgan Capital daily price list and weekly review of my portfolioâs performance, 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 9:09pm On Nov 04 |
Agbalowomeri:No wahala, Na why Agba dey your nameđ. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:11pm On Nov 04 |
Agbalowomeri: Expo? |
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 9:36pm On Nov 04 |
USAfall2024: I'm not here to teach so I won't argue much but you don't need to try to catch a falling knife. Let the stock fall and settle. It will trade within a price range for some time. During this range period you will have more than enough time to decide if it's worth pulling the trigger. 16 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 9:48pm On Nov 04 |
megawealth01: Finance Cost increment MTN is in for a long ride And I am in the ride |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 9:49pm On Nov 04 |
nosa2:Yeah, lesson learnt boss. This is my buying season and I just wanted to commit the fund to a decent stock. Aradel (despite being newly listed) and Presco were my picks. I met my Presco target since and have actually been patient with Aradel while watching it fall from 700ish to 500 before committing my first buy and bought more today. I guess I am not really that patient to wait it out for extra weeks to find better bargain entry. All the same, as long as the companyâs fundamentals remain healthy, I donât mind the falling price. Hopefully I might have a fresh budget to key into it when it share price settles so itâs still a win-win IMO. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 9:58pm On Nov 04 |
USAfall2024: Keep your money. Presco makes sense. It's been ranging for a while now and it's not likely to fall further. As for Aradel, nobody knows where market will call a bottom. You can enter now and it falls below 100. Just be patient 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 10:08pm On Nov 04 |
nosa2: "Every mallam with his own kettle" apology to KarlT |
Re: Nigerian Stock Exchange Market Pick Alerts by USAfall2024: 10:11pm On Nov 04 |
nosa2:I will. Lemme just log off NGX for now while keeping up with the daily price lists. I will probably return to complete my Aradelâs target when its decline stops and starts ranging. Thanks for the advice boss. Goodnightđ«¶đŒ. 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 10:40pm On Nov 04 |
May calm reign in the space For that which they taunted, Mocked and panicked on Is strong and will fly Contrary to the expectations Of the saddists and pessimists There's no need for worry And no need for fear For indeed,the current pullback Is nothing but A new Vista of opportunities For the discerning ones to leverage upon! 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 10:41pm On Nov 04 |
Harvestock01: Haha!! In as much as this is a competitive sport; once in a while it is ok to help someone from making an obvious mistake. This is especially true when one has no skin in the game either way of their decision. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 10:56pm On Nov 04 |
Patience is a virtue, possess it if you can . There is time and season for everything. |
Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 10:57pm On Nov 04 |
where ndeath abi wertin be em name and his world best stock analyst Al min? He never come calm nerves since. |
Re: Nigerian Stock Exchange Market Pick Alerts by designking: 11:03pm On Nov 04 |
UBA's Q3 2024 Financial Analysis: A Steller Performance UBA has reported a remarkable financial performance for the Q3 2024, showcasing robust growth across several key metrics. The bank's gross earnings surged by an impressive 83.33%, rising from N1.308 trillion in Q3 2023 to N2.398 trillion in Q3 2024. This stellar performance highlights UBA's strategic initiatives and operational efficiency in the challenging economic environment. However, a significant driver of UBA's revenue growth has been the dramatic increase in interest income, which soared by 170.0%, reaching N1.799 trillion compared to N666.3 billion in the previous year. This surge reflects the bank's effective lending strategies and the increasing demand for credit facilities amid economic recovery. Conversely, non-interest income faced a decline of 24.1%, dropping from N574.54 billion to N435.84 billion. This downturn is attributed to include reduced transaction volumes and competitive pressures in the banking sector. Nevertheless, UBA's strong interest income compensated for this decline, underscoring the bank's reliance on its core lending activities. Though the operating expenses rose significantly by 119.0%, increasing to N812.2 billion from N370.9 billion. This escalation is linked to investments in technology and infrastructure aimed at enhancing customer experience and expanding market share. Despite these higher costs, the bank reported a 20.2% increase in profit before tax, climbing from N502.1 billion to N603.5 billion. Similarly, the profit after tax saw a healthy increase of 16.9%, rising to N525.3 billion from N449.3 billion. The growth in profitability, despite rising expenses, speaks of the company's strategic position and effective management practices that have allowed it to maintain a healthy bottom line. While, on other hand, UBA total assets surged by 95.9%, reaching N31.801 trillion, compared to N16.235 trillion in the same period last year. This growth reflects the board's commitment to expanding its asset base and enhancing liquidity. The bank's loans and advances also saw a notable increase of 53.7%, rising to N7.78 trillion from N5.07 trillion. This expansion in lending signifies UBA's strong market presence and its ability to meet growing credit needs of its customers. Customer deposits experienced a staggering increase of 97.5%, moving from N11.63 trillion to N27.10 trillion. This influx of deposits not only strengthens UBAâs balance sheet but also provides a solid foundation for further lending and investment activities. The bankâs shareholder funds rose by 101.6%, reaching N3.59 trillion from N1.78 trillion, indicating robust capital growth that support future expansions. Earnings per share (EPS) also improved, increasing by 14.3% to N14.78, up from N12.93. This positive trend in EPS is a strong indicator of UBAâs commitment to enhancing shareholder value. Therefore, looking ahead to Q4 2024, UBA is well-positioned to capitalize on its current momentum. The anticipated economic environment, characterized by recovery and growth, presents numerous opportunities for the bank. With the recent expansion in loans and a solid deposit base, UBA can leverage its financial strength to capture market share and drive further profitability. Analysts are optimistic that UBA's potential to sustain its growth trajectory, particularly if the bank continues to innovate and adapt to evolving market dynamics. The possibility of an increased dividend, following the N2 interim dividend paid in the Q2 2024, is a topic of discussion among investors. Given the bankâs strong earnings performance and solid balance sheet, a higher dividend payout in the near future seems plausible. As UBA's Q3 2024 financial results emphasis its resilience and capacity for growth in a competitive landscape. The impressive rise in gross earnings, coupled with robust profitability metrics and asset growth, positions the bank favourably as it moves into the final quarter of the year. Stakeholders look forward for UBA to sustained performance and the potential for enhanced returns as it continues to execute its strategic vision. 3 Likes
|
Re: Nigerian Stock Exchange Market Pick Alerts by GeeKudi: 11:11pm On Nov 04 |
megawealth01: It's apparently inevitable! |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:01am On Nov 05 |
nosa2: Baba this one won't range yet. Any day it stops falling, it will spike back. The market is still trying to place it so expect more volatility 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 5:06am On Nov 05 |
Agbalowomeri: Either way it is best to wait than to try and time the bottom |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:38am On Nov 05 |
Agbalowomeri: I agree with you |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:49am On Nov 05 |
You either have a good risk management strategy to come out fine during the storm or you have the adaptive features and resources to overcome the storm 7 Likes
|
(1) (2) (3) ... (8402) (8403) (8404) (8405) (8406) (8407) (8408) ... (8477) (Reply)
Viewing this topic: megawealth01, IamR, Emumakpo, Locotrader(m) and 8 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 61 |