igboboy3:



Still regret some emotional decisions I've made with stocktrading.

Jumping two feet first into Julius Berger, just because I believed Fashola and Buhari had promised massive road infrastructure. After two years and over 30% loss, I only recently got out.
A simple glance at their financials would have told me that the company is deeply in debt. 2017 Q1 and Q2 was a total mess.


You can always have a glance at basic TA parameters - (ROE, ROI etc)

Infinitisi:

Good afternoon,
MSCI retains Nigeria in the frontier index on improved FX liquidity - Late yesterday, Morgan Stanley Capital International (MSCI) announced that Nigeria stocks will remain part of its frontier index and are no longer under review for a possible demotion to a standalone status given improved FX liquidity in the Nigeria market. For context, MSCI had previously announced in June 2016 that it was considering Nigeria for a possible downgrade to stand-alone status, highlighting deteriorating FX liquidity as well as FX restrictions as key concerns. This development led to a massive outflow of capital from the Nigeria equities market - Market capitalization declined by 17.14%. Until now, the decision whether or not to retain Nigeria in its Frontier Market Index has been a recurring theme in the Nigerian equity market space among both local and foreign institutional investors. The Central Bank of Nigeria (CBN) in April, 2017 established the "Investors and Exporters (IE) window" that allowed for FX transactions at market determined rates in a bid to ease the concerns of foreign investors. Consequently, the MSCI decision on whether to retain Nigeria in its Frontier market indexes in June, 2017, was postponed to ascertain the effectiveness of the IE window. Unequivocally, the MSCI's decision to retain Nigeria in the Frontier index reflects the success and effectiveness of the IE window.
Positives hovering on the horizon - Sequel to the implementation of the window, foreign sentiments improved significantly towards Nigerian equities. Despite the uptick in foreign interest, a handful of foreign fund managers waited on the side-lines in anticipation of the final MSCI announcement. We believe this potential demand from these foreign investors as well as tactical local market participants will spur positive sentiments in the short term. With the reassurance that investors can complete their transactions at a market determined exchange rate, we expect to see further influx of capital into the equities market. Currently, foreign portfolio managers tracking the MSCI Frontier Market index allocates weights varying from 3.98% to 4.99% compared to the 7.96% benchmark weight of the MSCI frontier index. This implies that these fund managers are still significantly underweight. Thus, we expect underweighted fund managers to rebalance their portfolios in favour of the Nigeria market. This will consequently improve sentiments and demand for Nigerian equities.

wanaj0:


In summary HOPE is NOT a STRATEGY

nio68:


Hope can be a strategy in advanced markets def not in NSE ... Even with a good Q3 one is still wary of the audited result... ideally policy announcements alone should be enough to move some stocks.

BullBearMkt:

...hope has never be a strategy in any market (including LSE, NYSE/NASDAQ), every market depends on Fundamentals and perception of participants/investors about the market

emmanuelewumi:



I guess hoping for for good fundamentals and positive perception of investors .

2zona:
Mr Brent crude already cruising on top 60+ dollars in the market.

BullBearMkt:

...thanks sir for this piece.
Better weeks can only lies ahead of NSE ASI as the week ends in a pin-bar on a good support level

Toluway:
Oill price at $60+, unequivocal indice that the boom is back. The good days of the Nigerian Stock Market will soon be here.

holm:
http://www.nse.com.ng/Financial_NewsDocs/20146_DANGOTE_FLOUR_MILLS_PLC_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf




MMM kind of profit. 13B PAT

holm:


MMM is back again, in the form of DangoteFlour

holm:
http://www.nse.com.ng/Financial_NewsDocs/20146_DANGOTE_FLOUR_MILLS_PLC_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf




MMM kind of profit. 13B PAT

holm:


MMM is back again, in the form of DangoteFlour

holm:
http://www.nse.com.ng/Financial_NewsDocs/20146_DANGOTE_FLOUR_MILLS_PLC_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf




MMM kind of profit. 13B PAT

Godisfaithful:


I just hope this result is not cooked. Anyway, let's enjoy while its last. Nigeria companies with voodoo financial reporting


Posting companies result on weekend dey get "K-Leg" sometimes lol (Joking)

Agbalowomeri:
Abeg who see my Mercy?

flexshop:


Well, if anyone can work magic in Nigeria it's aliko dangote

Now I know dat Friday offer was fake

Wish I had loaded more at 7.9
Will try again at less dan 8.3

holm:
http://www.nse.com.ng/Financial_NewsDocs/20146_DANGOTE_FLOUR_MILLS_PLC_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf




MMM kind of profit. 13B PAT

Coolcash1:

@current price, clearly you have taken over from @peterrichy who brags himself as The Octopus... even loco dey follow u bumper to bumper...

My one cent is that you put a disclaimer before they blame you for their losses...

Godisfaithful:


Sir, be careful with all your bids. Remember this is unaudited result and anything can happened in Q4. As some of the Ogas' stated, don't buy fiction, don't buy hope, and don't buy promissory notes in stocks. Buy facts, buy numbers(Real), and do more of your due diligence should incase things fall apart. Don't learn in a very hard way...

All the best!

holm:


Why was this result posted on Saturday?

currentprice:


hmmm, best released result so far,,,,better than DS interm of valuation in my own opinion

emmanuelewumi:


I guess the result was sent to NSE after yesterday's trading. NSE is not opened on weekends and during public holidays.

The company only made the result public after NSE must have acknowledged receipt of the result.

Godisfaithful:


I just hope this result is not cooked. Anyway, let's enjoy while its last. Nigeria companies with voodoo financial reporting


Posting companies result on weekend dey get "K-Leg" sometimes lol (Joking)

currentprice:


hmmm, best released result so far,,,,better than DS interm of valuation in my own opinion

Infinitisi:


So what should be the current price

ukay2:


My oga they released it today so that we can study it very well this weekend.....then high dose steroid injection on monday......KM15 very soon..

.....we are making more money this year......NSE is the place to be now as NTB yield drops.....