RabbiDoracle:



FA can't go wrong

In line with expectation.
After you posted the above, I went to check the numbers and the performance over the years.
Q2 seem to always be their strongest in term of performance.
They also have a good dividend policy.

I never buy finish o as I still dey look for money to buy more

currentprice:




on "numbers" UPL still better in my opinion

_{^{not a recommendation to buy/sell o, i hav non of these stock in my portfolio}}

On numbers, UPL is better but the problem is that it is very difficult to make a projection on what the final eps will be just as oga wanaj0 pointed out.
I entered the stock last year with small money and I was injured.
My eyes are still on the stock thought.

Agbalowomeri:


Ucap never sold at that price

UCap was a spinoff from UBA. You need to know how much he bought his UBA shares.

Also his average price for NEM is below 50k but NEM never sold below 50k.

Wanaj0 patience on stocks is something else.

stocks with new 52 week lows
ABC #0.36k
royal exchange #0.34k
multiverse #0.33k
sovereign #0.46k
courtville #0.30k
stocks with new 52 week highs
redstar #6.30k

Intendy:
stocks with new 52 week lows

ABC #0.36k

royal exchange #0.34k

multiverse #0.33k

sovereign #0.46k

courtville #0.30k

stocks with new 52 week highs

redstar #6.30k

Where's courtville running to?

IT is crazy to borrow money and buy stocks~warren buffet<today 26th feb,2018>

Intendy:
stocks with new 52 week lows

ABC #0.36k

royal exchange #0.34k

multiverse #0.33k

sovereign #0.46k

courtville #0.30k

stocks with new 52 week highs

redstar #6.30k

Please what is responsible for the rally in the price of Redstar Express? Abi na foreign investor. An American flew in August 2017 to attend the AGM, the chairman Alhaji Koguna introduced him and also recognized his presence.

wanaj0:


Dangote will just turn his refinery to an export refinery He is not doing charity.

Even if he has no concerns for the nation's economic health, he will at least have to model his operations in such a way that we have an incentive getting our refined products from him.

One core fact is that his primary target market is Nigeria.

But from what I know about him, crude will be sourced competitively from the international market. The portion that comes from Nigeria will be purchased in Naira, others will be billed in USD.

Same goes for sales. Sales to the local market will be in the local currency. exports proceeds will be greenbacks.

Imagine dollar at 280 vs 360, his group revenues would have been about $5.4bn vs 4.2, and Forbes would have added close to $4bn to his networth.

mendes911:


Where's courtville running to?

When it reaches 10kobo, you'd be able to fetch yourself a seat on the board with about 36m, that'll buy a 10% stake.

currentprice:




on "numbers" UPL still better in my opinion

_{^{not a recommendation to buy/sell o, i hav non of these stock in my portfolio}}

Ucap and Afriprud still better sef; come join liquidity wahala

Agbalowomeri:


Ucap and Afriprud still better sef; come join liquidity wahala

hello , good day.
I'm a new bie in stock investing.

Please I'd like to know what your advice would be as a suitable start up capital for a small participant as my self

Thanks

theAccountant:

hello , good day.
I'm a new bie in stock investing.

Please I'd like to know what your advice would be as a suitable start up capital for a small participant as my self

Thanks

You can start with 10-50k depending on your income

Agbalowomeri:


You can start with 10-50k depending on your income

Thank you I appreciate.

Just got an unconfirmed Info that the coperate governance index (also known as CG INDEX) of the Nigerian Stock Exchange have just added banking Stocks ACCESS BANK, UBA together with cement manufacturing coy LAFARGE WAPCO PLC to the NSE-PREMIUM BOARD.
...This should bring to 6 the total no of coys listed therein following the 1st of initial entrants of DANGOTE CEMENT, FIRST BANK AND ZENITH BANK.
My take is that this could very likely lead to an increased buying pressure on the new additions by investors with interest in well governed coys.
It might interest u to know that the NSE PREMIUM BOARD is assigned to companies with a good coperate governance rating by the Nigerian Stock Exchange.

My take is that this is a healthy move for ACCESS, UBA and LAFARGE WAPCO especially the banking sector once it does materialize.

onegentleguy:
Just got an unconfirmed Info that the coperate governance index (also known as CG INDEX) of the Nigerian Stock Exchange have just added banking Stocks ACCESS BANK and UBA to the NSE-PREMIUM BOARD.
...This brings to 5 the total no of coys listed therein following initial add ons of DANGOTE CEMENT, FIRST BANK AND ZENITH BANK.
My take is that this could very likely lead to an increased buying pressure on the new additions by investors with interest in well governed coys.
It might interest u to know that the NSE PREMIUM BOARD is assigned to companies with a good coperate governance rating by the Nigerian Stock Exchange.

My take is that this is a healthy move for ACCESS and UBA and by extension the banking sector at large if this does materialize.

So where is GTbank? abi na for sale?

Agbalowomeri:
So where is GTbank? abi na for sale?

Heard GTB compliance is yet to be precessed. ...Pls note that this is still an unconfirmed Info.
However chances of coming to fulfilment is high since my source is reliable.

Btw, where is my ruggedprof? ...I recall advising him to be patient with ACCESS when I 1st heard some really good things about the coy.
...my ruggedprof I do hope ur still very much in the ACCESS LANE for soon u shall reap some good measure of reward.

Same source keeps whispering sweet things about DANGOTE FLOUR.
Mr TIME will surely put things in their right perspective sooner than later.

#BELIEVE
#ANDKEEPBELIEVING

NOTE: This should not be interpreted to mean any kind of recommendation. ...DD always advised pls.

https://trwstockbrokers./2018/02/26/diamond-bank-confirms-no-plans-to-raise-capital/

...To my fellow holders of DIAMOND BANK.
...This coy shall supprise a lot of folks in the short to mid term !!

The Idea is to continually accumulate our usual 2 Afolabi unit as trade levels drop to our comfort zone while we patiently allow Mr TIME the luxury to do his thing.

#BELIEVE
#ANDKEEPBELIEVING

NOTE: This shouldn't be seen as any sort of recommendation. ...DD always advised pls.

mendes911:


UCap was a spinoff from UBA. You need to know how much he bought his UBA shares.

Also his average price for NEM is below 50k but NEM never sold below 50k.

Wanaj0 patience on stocks is something else.

How you know say I get NEM? Had to sell down to re balance my portfolio. Can't afford NEM to be 20% of my portfolio

awesomeJ:

Even if he has no concerns for the nation's economic health, he will at least have to model his operations in such a way that we have an incentive getting our refined products from him.

One core fact is that his primary target market is Nigeria.

But from what I know about him, crude will be sourced competitively from the international market. The portion that comes from Nigeria will be purchased in Naira, others will be billed in USD.

Same goes for sales. Sales to the local market will be in the local currency. exports proceeds will be greenbacks.

Imagine dollar at 280 vs 360, his group revenues would have been about $5.4bn vs 4.2, and Forbes would have added close to $4bn to his networth.

I seriously doubt Naija will sell crude to anyone in Naira. Even NNPC does not get crude in Naira.

Dollar at N280 The state will not be able to pay salaries! Reduced Naira to meet Naira obligations.

Even IF he gets paid in Naira, CBN will convert straight to dollars. Same with the oil companies. When NNPC give them Naira, CBN convert it to dollars for them.

mendes911:


Where's courtville running to?

Boss this is not running to anywhere but dancing to the tune of 1kobo rule which you impose on stock in that category.

gold360:
Hello guys, please is the share certificate number on a bonus issued certificate the same with the original share certificate?

I guess you mean the shareholders account number. If yes they are the same

onegentleguy:
Just got an unconfirmed Info that the coperate governance index (also known as CG INDEX) of the Nigerian Stock Exchange have just added banking Stocks ACCESS BANK and UBA and LAFARGE WAPCO PLC to the NSE-PREMIUM BOARD.
...This should bring to 6 the total no of coys listed therein following the 1st of initial entrants of DANGOTE CEMENT, FIRST BANK AND ZENITH BANK.
My take is that this could very likely lead to an increased buying pressure on the new additions by investors with interest in well governed coys.
It might interest u to know that the NSE PREMIUM BOARD is assigned to companies with a good coperate governance rating by the Nigerian Stock Exchange.

My take is that this is a healthy move for ACCESS, UBA and LAFARGE WAPCO especially the banking sector if it does materialize.

NOW TOTALLY CONFIRMED.

onegentleguy:


Heard GTB compliance is yet to be precessed. ...Pls note that this is still an unconfirmed Info.
However chances of coming to fulfilment is high since my source is reliable.

Btw, where is my ruggedprof? ...I recall advising him to be patient with ACCESS when I 1st heard some really good things about the coy.
...my ruggedprof I do hope ur still very much in the ACCESS LANE for soon u shall reap some good measure of reward.

Same source keeps whispering sweet things about DANGOTE FLOUR.
Mr TIME will surely put things in their right perspective sooner than later.

#BELIEVE
#ANDKEEPBELIEVING

NOTE: This should not be interpreted to mean any kind of recommendation. ...DD always advised pls.

Cash and carry CG INDEX!
How did FBNH get in?

DOLLARTEX:
IT is crazy to borrow money and buy stocks~warren buffet<today 26th feb,2018>

He got this one wrong .

wanaj0:


I seriously doubt Naija will sell crude to anyone in Naira. Even NNPC does not get crude in Naira.

Dollar at N280 The state will not be able to pay salaries! Reduced Naira to meet Naira obligations.

Even IF he gets paid in Naira, CBN will convert straight to dollars. Same with the oil companies. When NNPC give them Naira, CBN convert it to dollars for them.

Thanks for the enlightenment.
How low do you think APR can get before markdown? is 4.70 realistic? I'm thinking of swapping some FIDELITY for it. Entered late, and the wait on that bank is becoming too long.

Just your opinion. I'm not asking for a accurate prediction of price movement.

IchimokuPilot:



Cash and carry CG INDEX!
How did FBNH get in?

I used to think that it's things around capitalisation, and management decision that determines placement on that board.

Like NSE has requirements for coys to list on each of its various boards. And the management of such coys would be the one who's decide which to list on having met the requirements.

From NSE:

​​ ​​​Companies seeking admission to the NSE Premium Board are required to satisfy one set of Listing Standards (i.e. Standard A or B or C) for the NSE Main Board, as well as comply with the following:

The company must meet the minimum market capitalization requirement of NGN200 billion on the date The Exchange receives its application (or at the ti​me of listing – for new listings)The company must be evaluated under the NSE's Corporate Governance Rating System (CGRS) and achieve a minimum rating score of 70%The company must satisfy either:a minimum free float requirement of 20% of its issued share capital, ORthe value of its free float shares is equal to or above NGN40 billion on the date the Exchange receives its application to list.

United Capital Declares 35 kobo Per Share Dividend as PBT Drops 13%
https://www.businesspost.ng/2018/02/27/united-capital-declares-35-kobo-per-share-dividend-pbt-drops-13/

awesomeJ:

Thanks for the enlightenment.
How low do you think APR can get before markdown? is 4.70 realistic? I'm thinking of swapping some FIDELITY for it. Entered late, and the wait on that bank is becoming too long.

Just your opinion. I'm not asking for a accurate prediction of price movement.

Sorry sir, I got no clue!!!!!

Good all
Am new here, please I need to get a clue on start up and how it works. Help a friend

wanaj0:


Depending on the problem we are trying to solve

If he sells in Naira, where will he get the DOLLARS to buy the Crude? Or will he buy Crude in Naira

I've heard people also claim that pump price of refined products will drop once the refinery is up and running. I wonder how that will happen

Keeping all other factors constant, shouldn't the landing cost reduce?

I would think a sort of Swap deal might be involved. Give him predetermined quantity of crude at prevailing rate per barrel in return for a predetermined quantity of refined products. A margin is agreed which leaves him with residual crude stock for his fertilizer, refined products etc that could be exported. He could go over and above the agreed quantity of crude for his export business as he deems fit though.

It doesn't really make sense buying dollars from govt to buy crude only for the same government to come and buy refined products with dollars. Abi no be so?

Manonamission:


Keeping all other factors constant, shouldn't the landing cost reduce?

I would think a sort of Swap deal might be involved. Give him predetermined quantity of crude at prevailing rate per barrel in return for a predetermined quantity of refined products. A margin is agreed which leaves him with residual crude stock for his fertilizer, refined products etc that could be exported. He could go over and above the agreed quantity of crude for his export business as he deems fit though.

It doesn't really make sense buying dollars from govt to buy crude only for the same government to come and buy refined products with dollars. Abi no be so?

Crude swap can be done but it will be denominated in 'dollars' even if there is no exchange of cash.

Dangote has interest in some oil fields so supply is more or less secured. Transaction will still be done in dollars.

On landing cost, yes it should reduce BUT a lot has to do with pricing. The experience with cement should be a guide. Local production is yet to bring down the price of cement.!

Manonamission:


Keeping all other factors constant, shouldn't the landing cost reduce?

I would think a sort of Swap deal might be involved. Give him predetermined quantity of crude at prevailing rate per barrel in return for a predetermined quantity of refined products. A margin is agreed which leaves him with residual crude stock for his fertilizer, refined products etc that could be exported. He could go over and above the agreed quantity of crude for his export business as he deems fit though.

It doesn't really make sense buying dollars from govt to buy crude only for the same government to come and buy refined products with dollars. Abi no be so?

See how you people are generating very excellent ideas free of charge to them.
This forum is so rich in ideas.
This forum is rewarding everyday.