Ikeja hotel is currently undergoing an amazing bullish run, as the bulls seem unstoppable.

The current bullish run has seen price rally from 70k to 2.15k.

Technical analysis indicates that price may rally to as high as N5, the stock currently trades at 2.15k

I recommend a buy position on Ikeja hotel for the following reasons:


1. Formation of 3 white soldier candle stick pattern on the weekly chart(strong bullish signal)

2. The stock is trading above all major and minor EMA lines.

3. Bullish breakout on the top band of the bollinger band(on the weekly chart)

p.s- find attached weekly candlestick chart, showing formation of 3 white soldier candle stick pattern.

nice scope. get cheap datas for ur phones. Check my signature.

Nice analysis perewesley, but is there any fundamentals driving this bullish run or are we just looking at sentiments?

davide470: Nice analysis perewesley, but is there any fundamentals driving this bullish run or are we just looking at sentiments?

Good question bro . Wanted to ask same question cos we ar talking abt money issue here . No be play play .....
So OP...over to you sir /ma .

My take on Ikeja Hotel's bullish run is as follows:

(THE FACTS)
1.) Transcorp Hotel Plc's IPO is going to fly at about 10NGN per share, thus creating an upward pull effect for ikeja Hotel owners of CAP hotel(Abuja Sheraton) and Lagos Sheraton

2.) Concomitantly, Ikeja Hotel's hospitality business is generally bigger than Transcorp's hospitality franchise, hence Transcorp 10NGN IPO is a slap on Ikeja's current market price.

3.)Ikeja Hotel has an EPS of 83kobo and a PE ration of 2.6. Believe you me, that's pretty impressive for a 2.15NGN stock.

4.)Management of Ikeja Hotel has plans to revamp the comatose and lacklustre Sheraton Abuja. When completed, Sheraton abuja would be better able to compete with Transcorp Hilton, thus increasing the profitability ratio for Ikeja Hotel.

(THE FICTION)

1.) Rumour has it that there are behind the scene "takeover" moves by some international hotel conglomerate with regards to Ikeja Hotel.
If the above rumour is true, Ikeja Hotel would become a gold mine.

2.) Rumour also has it that there is some underlying connection between Transcorp Hotel Plc and Ikeja Hotel Plc.

Between, don't say I told you so, -----call your stockbroker and place a buy instruction on Ikeja Hotel.

Already doing 4.65% as we speak!!!

From my earlier technical analysis with regards to the formation of the 3 white soldier candlestick pattern, it's going to be a bullish week for Ikeja Hotel.

Get in, take your 30/40% and move on.

Goodluck!

.

...and the losing streak starts

Going down..

9% loss as at this point in time.

coming back up

coming back up

davide470 post=/post/26541251:
Going down..
9% loss as at this point in time.

How do i get a chart to analyse nigerian stock

Ikeja Hotel Records Losses in Q1 2014

Q1 2014 saw Ikeja Hotel record depressed revenue and losses after tax. High cost numbers in the period, hindered the group from making profit. Operating expense rose by 12%, while operating income dipped by 72%. Net assets fell by 1%, while working capital inched up by 2%. View details of the result on http://www.bullsnbearsng.com/2014/10/ikeja-hotel-records-losses-in-q1-2014.html?spref=tw.

adebayo111:
How do i get a chart to analyse nigerian stock

http://theanalystng.com//quote/IKEJAHOTEL/Charts

You'd have to subscribe though.

bullsnbearsng:
Ikeja Hotel Records Losses in Q1 2014

Q1 2014 saw Ikeja Hotel record depressed revenue and losses after tax. High cost numbers in the period, hindered the group from making profit. Operating expense rose by 12%, while operating income dipped by 72%. Net assets fell by 1%, while working capital inched up by 2%. View details of the result on http://www.bullsnbearsng.com/2014/10/ikeja-hotel-records-losses-in-q1-2014.html?spref=tw.

To be honest I do not know what's moving Ikeja hotel, my bull signal was purely derived from technical analysis.

What's happening now is a classic case of fundamentals fighting technicals= stock manipulation///

Candid advice, If you got in earlier, don't be greedy exit before friday!!!

Future Prediction///---price action forming head and shoulders pattern//deduction.....price may continue bullish run this week.

Next week may see price decline to the N1.4, N1.8 region. If this happens re-enter and continue the ride up///

Caveat- The above is not a buy or sell recommendation, just my candid analysis.

Does anyone know if there are any share spreadbetting companies in Nigeria?

I need to go short on this share. Currentky trading at N3.21

Further technical analysis

http://www.proshareng.com/news/24658.html

pappilo:
Does anyone know if there are any share spreadbetting companies in Nigeria?

I need to go short on this share. Currentky trading at N3.21

Correct me if I'm wrong but I do not think you can take a short position on Nigerian stocks.

Waiting for it to come down, then go long.

pappilo:
Does anyone know if there are any share spreadbetting companies in Nigeria?

I need to go short on this share. Currentky trading at N3.21

Correct me if I'm wrong but I do not think you can take a short position of Nigerian stocks.

Waiting for it to come down, then go long.

perewesley:


2.) Rumour also has it that there is some underlying connection between Transcorp Hotel Plc and Ikeja Hotel Plc.

There is absolutely no link between the 2

N3.78 close pf play yesterday.