RabbiDoracle:


Looking at just indices took me to the gutters in Japaul. Some stocks, you will have to check the management. Pa Emma and Wanaj taught us this.

You're absolutely right, but deciphering how efficient a company management could be in future could pose a great challenge. Well, one may look at the personalties involved and their pedigree. That is if you know their antecedent. How many persons can we know. (rhetorical question)

Toluway:

The tongue is the best device to count the teath Rabbi
The only thing that is required is patience. Fidelity is a good stock and anyone who picked it has no reason to regret. Though if there is money, the faithfuls should laod more at the lowest low support or thereabout. Sorry for talking in the company of the gurus. This is my only trajectory to grow in the game

A stock can be very very good but if you buy at the wrong price you might get your fingers burnt.
Of course fidelity can still get to N10. Nothing is impossible.

A lot of analysis going on here about Flour Mills of Nigeria. The most important thing in this game is to know what you have bought and why you bought .

Flour Mills of Nigeria had consistently paid dividends in the last 20 years, I stand to be corrected. This is a company that reduced her debt by over N40 billion in 6 months of the current financial year.

The last quarter result, and the audited full year result will surprise the pessimists.


I remember some months back, Oracle was surprised that I was still in FBN and equally accumulating more shares of the company forgetting that we are all in this game for different reasons. That was at a time when FBN was still between N3.00 and less than N4.00

We still remember vividly how some of us were hyping the bear and predicting further doom for market because of what happened to the Dow. Everyone of us is the MD/CEO of our portfolios and does not need the pity or encouragement of anyone on how the portfolio is fairing.

I don't do monkey hunting, neither do I talk down any stock so that the price can fall and then buy the stock at my preferred price.

@ Toluway, there is life outside the stock market and do be too emotional about what people say or think about your portfolio. You only need to do your homework and ask questions before venturing into any stock.

We are all making more money this year, know your stock, understand your stock behaviour, know why are in a stock, master your emotion, have different sources of income apart from the stock market, then every other analysis or talk in the market will be nothing but noise.


,.......,......................................................................

If we can get this book, please do get it and read.

"Ordinary people extra ordinary wealth" by Ric Delman.

"Truth about money" by Ric Delman.




Wishing everyone a great weekend.

RabbiDoracle:


A pessimist is an ex-optimist.

The problem is that some do not have a mind of their own. While there maybe some truth in what you are saying, the way you are saying it makes it sound scary. Imaging someone sold his APR about two weeks ago at N4.30 because he taught the market would crash. The same person is trying to buy back the same stock and market no gree.

Parisfran:


Pls clarify, if you expect it to drop so much why are you still holding it.

I don't have any unit of FMN, I'm asking for knowledge sake.

Hmmmm sis abeg let chat in the other room jare

Yayira:


I think you misunderstood him sir.. I think what he meant was the way some professors dey talk here e be like say NSE go crash tomorrow tomorrow.
Brent and DOW have been closing on green for some days now but those "Professors" are yet to alarm it the way they did when is was on red..
I think their attention now has been shifted to dividend.. lol nice

Oracle, collect another stone. Hehehehe. Yayira just dey give you stone anyhow. Could this be love in disguise?

mendes911:


Oracle, collect another stone. Hehehehe. Yayira just dey give you stone anyhow. Could this be love in disguise?

I no know ooo.... decipher it for me.

pluto09:


The problem is that some do not have a mind of their own. While there maybe some truth in what you are saying, the way you are saying it makes it sound scary. Imaging someone sold his APR about two weeks ago at N4.30 because he taught the market would crash. The same person is trying to buy back the same stock and market no gree.

Why buy back a stock you have sold? Na wah o.

emmanuelewumi:
A lot of analysis going on here about Flour Mills of Nigeria. The most important thing in this game is to know what you have bought and why you bought .

Flour Mills of Nigeria had consistently paid dividends in the last 20 years, I stand to be corrected. This is a company that reduced her debt by over N40 billion in 6 months of the current financial year.

The last quarter result, and the audited full year result will surprise the pessimists.


I remember some months back, Oracle was surprised that I was still in FBN and equally accumulating more shares of the company forgetting that we are all in this game for different reasons.

We still remember vividly how some of us were hyping the bear and predicting further doom for market because of what happened to the Dow. Everyone of us is the MD/CEO of our portfolios and does not need the pity or encouragement of anyone on how the portfolio is fairing.

I don't do monkey hunting, neither do I talk down any stock so that the price can fall and then buy the stock at my preferred price.

@ Toluway, there is life outside the stock market and do be too emotional about what people say or think about your portfolio. You only need to do your homework and ask questions before venturing into any stock.

We are all making more money this year, know your stock, understand your stock behaviour, know why are in a stock, master your emotion, have different sources of income apart from the stock market, then every other analysis or talk in the market will be nothing but noise.


,.......,......................................................................

If we can get this book, please do get it and read.

"Ordinary people extra ordinary wealth" by Ric Delman.

"Truth about money" by Ric Delman.




Wishing everyone a great weekend.

Hmmm I couldn't agree more! Please e-mail me your cheeks I want to plant a kiss on them sooo badly

Yayira get your sh*t together! If you really want to last long in this..

RabbiDoracle:


And don't forget news on policy somersaults.

See the CBN news now...see what it will do to some banks.

On serious note, it will do the banks more good, at least to have strong saves, maintain a good account system, build the investors and their customers confidence.

It's true that we need dividend, but fundamental of the stock matter, Stocks like, FIDELITY, FCMB, DIAMOND BANK, has nothing to lose.
Question
1. Does CBN take away their money? Answer: No
2. Does CBN wishes them bad ? Answer No.
3. Will the policy benefit the banks positively or negatively? Answer: positively.
4. Will the investors benefit in the long term of a year or two? Answer : yes

According to CBN policy, some stocks fall in the categories of paying 100%, some 70 %, some 30 %, and some nothing.
Note, no bank in recent year ever pay 100% or 70% of their EPS, even 50% is difficult.
As far as am concern nothing changed.

The three banks I mentioned earlier have good future, since one year now the have performed more than the tier one bank, and still have more fuel going by their current price to still returned up to, or near to 100% capital appreciation.

Fidelity has PE around 5 at q3, and by q4 it will be around 4 .

FCMB acquired legacy pension fund, one of the highest pension fund in Nigeria, by increasing their stake from 20% to above 80%, they have CSL stockbroker as one of their subsidiaries, and CSL is also one of the highest stockbroking firm in the country, their subsidiary earning report always come at their Q4 result. To mention but few.

Diamond bank has good future prospective, been one of the biggest bank in the country, by operation and assets.

Some people might poison investors mind not to invest in these stocks now.
On these banks, all I can say for now is that, sky is their limit.

Wahala don show o!able minds divided on fmn issue.pa emma,ihedi,pluto,onegentleguy all said buy.rabbi the oracle himself,and maybe currentprice,said no.time will tell.

pluto09:


N1 is my projection

From Q3 2017,

Free Cash Flow (FCF) = EBIT (1 - tax rate) + depreciation & amortization - capital expenses - changes in working capital.

EBIT= N19.5b
D & A= N12
Changes in WC= N15.4
Capital expenses= ~9.9
Effective tax rate= 32%



Use the Q3 of FMN to do this and tell me what you get.

It may change at year end to be positive.

DOLLARTEX:
Wahala don show o!able minds divided on fmn issue.pa emma,ihedi,pluto,onegentleguy all said buy.rabbi the oracle himself,and maybe currentprice,said no.time will tell.

Don't make mistake. I have the shares o.

But that will not prevent me from giving out objective analysis on it.

DOLLARTEX:
Wahala don show o!able minds divided on fmn issue.pa emma,ihedi,pluto,onegentleguy all said buy.rabbi the oracle himself,and maybe currentprice,said no.time will tell.

I never said you should buy, I said the company is going to pay dividend

Toluway:

You're absolutely right, but deciphering how efficient a company management could be in future could pose a great challenge. Well, one may look at the personalties involved and their pedigree. That is if you know their antecedent. How many persons can we know. (rhetorical question)

Pa Emma na encyclopedia of information. So any name you see, ask him. He will tell you about them.

Those in Flour Mills of Nigeria, should know why they are in the company.

The company will come out with the 2nd and final tranche of their fund raising exercise via right offer between November 2018 and January 2019.

The right will be between the ratio 1 for 4 and 1 for 5, for a price of N40 to N50. The amount to be raised is N40 billion. The information can be found in their shelf program.

RabbiDoracle:


From Q3 2017,

Free Cash Flow (FCF) = EBIT (1 - tax rate) + depreciation & amortization - capital expenses - changes in working capital.

EBIT= N19.5b
D & A= N12
Changes in WC= N15.4
Capital expenses= ~9.9
Effective tax rate= 32%



Use the Q3 of FMN to do this and tell me what you get.

It may change at year end to be positive.

Please why are we subtracting the tax rate from 1

RabbiDoracle:


The proceeds will be used for offsetting their loans and then part used for working capital.

If they pay dividends, I will sell my holdings.

I expect the stock to drop to N22 once the result is released

So it is no longer 70? Have you travelled to Dubai?
Jet lag na bad thing

emmanuelewumi:
Those in Flour Mills of Nigeria, should know why they are in the company.

The company will come out with the 2nd and final tranche of their fund raising exercise via right offer between November 2018 and January 2019.

The right will be between the ratio 1 for 4 and 1 for 5, for a price of N40 to N50. The amount to be raised is N40 billion. The information can be found in their shelf program.

The company would have raised N80 billion in the current right offer, rather than raising the fund in 2 tranches.
I guess the majority shareholder is trying to prevent a takeover of their company.

I learnt the 3 majority shareholders of UACN who now have a combined 22% of the company came in through the right offer.

emmanuelewumi:
Those in Flour Mills of Nigeria, should know why they are in the company.

The company will come out with the 2nd and final tranche of their fund raising exercise via right offer between November 2018 and January 2019.

The right will be between the ratio 1 for 4 and 1 for 5, for a price of N40 to N50. The amount to be raised is N40 billion. The information can be found in their shelf program.

Interesting, meaning that their projection for their stock price come November to January should be above #50.

No wonder, Ihedioramma turn himself to bus conductor, and was shouting since last week, enter FMN bus, that in the next nine days it will take off.

Some will invite Peterich bear to bring down the price to at least #29, for some passengers to enter.

emmanuelewumi:
A lot of analysis going on here about Flour Mills of Nigeria. The most important thing in this game is to know what you have bought and why you bought .

Flour Mills of Nigeria had consistently paid dividends in the last 20 years, I stand to be corrected. This is a company that reduced her debt by over N40 billion in 6 months of the current financial year.

The last quarter result, and the audited full year result will surprise the pessimists.


I remember some months back, Oracle was surprised that I was still in FBN and equally accumulating more shares of the company forgetting that we are all in this game for different reasons. That was at a time when FBN was still between N3.00 and less than N4.00

We still remember vividly how some of us were hyping the bear and predicting further doom for market because of what happened to the Dow. Everyone of us is the MD/CEO of our portfolios and does not need the pity or encouragement of anyone on how the portfolio is fairing.

I don't do monkey hunting, neither do I talk down any stock so that the price can fall and then buy the stock at my preferred price.

@ Toluway, there is life outside the stock market and do be too emotional about what people say or think about your portfolio. You only need to do your homework and ask questions before venturing into any stock.

We are all making more money this year, know your stock, understand your stock behaviour, know why are in a stock, master your emotion, have different sources of income apart from the stock market, then every other analysis or talk in the market will be nothing but noise.


,.......,......................................................................

If we can get this book, please do get it and read.

"Ordinary people extra ordinary wealth" by Ric Delman.

"Truth about money" by Ric Delman.




Wishing everyone a great weekend.

You're absolutely correct and thanks.
Contrary to many members contention, I was not emotional about my portfolio.
I was only trying to expose the gamers, condemn their actions and trying to stop activities which were inimical to the development of the market. I felt concerned.
I would never bother anymore though.

rationalmind:


Please why are we subtracting the tax rate from 1

Effectively it is like PAT + D &A - Capital expenses - WC

PAT = EBIT (1- Tax rate)

Please I don't attend to private messages, we can ask our questions here. I am very sure guys here would attend to the questions and we all learn through that.

Agbalowomeri:


So it is no longer 70? Have you travelled to Dubai?
Jet lag na bad thing

That is the final destination.

Let it drop first after results.

Chibuking81:

Interesting, meaning that their projection for their stock price come November to January should be above #50.

No wonder, Ihedioramma turn himself to bus conductor, and was shouting since last week, enter FMN bus, that in the next nine days it will take off.

Some will invite Peterich bear to bring down the price to at least #29, for some passengers to enter.

Turning himself to a bus conductor is akin to monkey hunting.

RabbiDoracle:


Effectively it is like PAT + D &A - Capital expenses - WC

PAT = EBIT (1- Tax rate)

Thanks Rabbi, it's clearer now.

Say tax is X with a value of X percent of EBIT

PAT= EBIT- EBITX/100

PAT= EBIT (1-x/100)

Edited

emmanuelewumi:



The company would have raised N80 billion in the current right offer, rather than raising the fund in 2 tranches.
I guess the majority shareholder is trying to prevent a takeover of their company.

I learnt the 3 majority shareholders of UACN who now have a combined 22% of the company came in through the right offer.

Pricing. They probably feel they are selling themselves short at 27 naira.

Toluway:


You're absolutely correct and thanks.
Contrary to many members contention, I was not emotional about my portfolio.
I was only trying to expose the gamers, condemn their actions and trying to stop activities which were inimical to the development of the market. I felt concerned.
I would never bother anymore though.

Chibuking81:


On serious note, it will do the banks more good, at least to have strong saves, maintain a good account system, build the investors and their customers confidence.

It's true that we need dividend, but fundamental of the stock matter, Stocks like, FIDELITY, FCMB, DIAMOND BANK, has nothing to lose.
Question
1. Does CBN take away their money? Answer: No
2. Does CBN wishes them bad ? Answer No.
3. Will the policy benefit the banks positively or negatively? Answer: positively.
4. Will the investors benefit in the long term of a year or two? Answer : yes

According to CBN policy, some stocks fall in the categories of paying 100%, some 70 %, some 30 %, and some nothing.
Note, no bank in recent year ever pay 100% or 70% of their EPS, even 50% is difficult.
As far as am concern nothing changed.

The three banks I mentioned earlier have good future, since one year now the have performed more than the tier one bank, and still have more fuel going by their current price to still returned up to, or near to 100% capital appreciation.

Fidelity has PE around 5 at q3, and by q4 it will be around 4 .

FCMB acquired legacy pension fund, one of the highest pension fund in Nigeria, by increasing their stake from 20% to above 80%, they have CSL stockbroker as one of their subsidiaries, and CSL is also one of the highest stockbroking firm in the country, their subsidiary earning report always come at their Q4 result. To mention but few.

Diamond bank has good future prospective, been one of the biggest bank in the country, by operation and assets.

Some people might poison investors mind not to invest in these stocks now.
On these banks, all I can say for now is that, sky is their limit.

Why are we so blessed with intellectuals in these forum?

RabbiDoracle:


Pa Emma na encyclopedia of information. So any name you see, ask him. He will tell you about them.

Good. Thanks.
Professor Emmanuel

Chibuking81:

Interesting, meaning that their projection for their stock price come November to January should be above #50.

No wonder, Ihedioramma turn himself to bus conductor, and was shouting since last week, enter FMN bus, that in the next nine days it will take off.

Some will invite Peterich bear to bring down the price to at least #29, for some passengers to enter.

Peter who ? as am at the door any thing below #31 i will not open the door o , enter now or cool down buy at #60+ . The bull that is coming now is FMN vs ONADO .

Toluway:


You're absolutely correct and thanks.
Contrary to many members contention, I was not emotional about my portfolio.
I was only trying to expose the gamers, condemn their actions and trying to stop activities which were inimical to the development of the market. I felt concerned.
I would never bother anymore though.

VOLTRON defender of the universe.