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Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 10:13pm On Mar 12, 2018 |
RabbiDoracle: Since that fixed income space is 20% down currently. Potential decline in net income could be as much as 20% of 37.1% (7.4%) They'll need to make up for this and yet push forth some growth for FY'18 numbers to sparkle. Let's watch out for Q1. Anything short of 200bn in gross earnings and 45bn in PAT would mean a FY'18 that'll likely be flat or worse. |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 11:27pm On Mar 12, 2018 |
RabbiDoracle: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:42pm On Mar 12, 2018 |
Julius Berger to Construct 10 Key Roads in Kogi https://www.businesspost.ng/2018/03/12/julius-berger-to-construct-10-key-roads-in-kogi/ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 12:34am On Mar 13, 2018 |
wanaj0: I know nawww. Oracle knows what am referring to...... |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 12:47am On Mar 13, 2018 |
onegentleguy:pls when is the closure date? |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 12:57am On Mar 13, 2018 |
godlyguy:it is normal for stocks to fall after several sessions of gap up. milost or no milost.. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 1:44am On Mar 13, 2018 |
yom2: Qualification date- April 3rd. Closure of register- April 4-9th. As an Investor, just concern urself with the qualification date. ...for that's basically all u need. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 2:05am On Mar 13, 2018 |
First Bank Board to Consider 2017 Accounts Next Friday https://www.businesspost.ng/2018/03/13/first-bank-board-to-consider-2017-accounts-next-friday/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:33am On Mar 13, 2018 |
RabbiDoracle:Zenith took significant impairments on Etisalat and Arik Airline. Other banks would need to toe this line 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 7:34am On Mar 13, 2018 |
Intendy: Na waa o |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:36am On Mar 13, 2018 |
mendes911: Some people dey para say you deey kill their stock ooo. Dem go buy dead bone and they think it will rise forever based on news. They should ask those who held since 2012.. Nonsense. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:39am On Mar 13, 2018 |
awesomeJ: Will more impairments come? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:41am On Mar 13, 2018 |
RabbiDoracle: Normal And the cycle continues And we keep multiplying Good luck to the eternal holders |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:52am On Mar 13, 2018 |
Agbalowomeri: Hmmmm.... That means 2018 will be having the extraordinary loss line. Did CBN mandate them to clear all NPLs? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:59am On Mar 13, 2018 |
[quote author=Mcy56 post=65781213][/quote] At times its jealousssy that causes this... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:05am On Mar 13, 2018 |
valacious: People should stop taking life seriously Someone cannot play with you Is that how you used to do? Shu....p |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 8:21am On Mar 13, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by DaV8King(m): 8:23am On Mar 13, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 8:29am On Mar 13, 2018 |
Agbalowomeri: You mean die hard investors? |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:34am On Mar 13, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 8:40am On Mar 13, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 8:44am On Mar 13, 2018 |
Agbalowomeri:What's the news about eterna oil? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:17am On Mar 13, 2018 |
soloniger: As oga intendy no wan gree add my sugar, I say make I assist .. |
Re: Nigerian Stock Exchange Market Pick Alerts by gloriousdawn: 9:40am On Mar 13, 2018 |
The fair value for Fidelity bank is 3.38. Fair value is arrived at by discounting EPS TTM (0.61) with 18% (10 years bond yield and 5% premium). DD is advised. https://invst.ly/6wvib |
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 9:40am On Mar 13, 2018 |
MSCI ADDITION FOR 12 MARCH 2018/GENERAL MARKET COMMENT The selling continues. But the fund continue buying Unilever. Market likely to continue in the dull mode. Looking at next week being a FOMC meeting week. If the meeting fails to hold, expect the general battering of the market. I have observed that my market study activities has become very boring to some extent. Despite the fact that I now pick whatever I need to invest on with ease, the quality of the result is now better than what it used to be. An example is my buying FCMB just some few days after the fund step in, buying at NGN2.50 although look scary then, but the result is visible as the stock has escaped the sword of the bears. Although not only following the fund has contributed to this, I have equally make better use of the information provided by the trading platforms in terms of orders not yet executed (pending orders). I was having the temptation to invest in some of these insurance companies that the share was falling rapidly. While doing my research in the morning before the market opened, I saw a very big sales order with no pending buying order (this told me that the price will continue falling) and alas the price fall continue for Regency Alliance Insurance. The essence of my point is that if know how to use a simple tool very well and master it. We will perform better than somebody with a wide general knowledge. As a parting gift for today, looking at the sensitivity of the market to the Naira/general market catching cold when the dollar sneezes investing in NAHCO may not be a bad idea. I will give a comment on the technical analysis of the chart tomorrow. Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 9:48am On Mar 13, 2018 |
gloriousdawn:FIDELITY'S TTM's EPS 0.61? that's Q4'16 through 9M'17 right? I once extrapolated 9M'17 to get 0.89 Maybe Q4'16 was negative. |
Re: Nigerian Stock Exchange Market Pick Alerts by Investnow2017: 9:54am On Mar 13, 2018 |
Dear Client/Reader, Global Economy - Movements in global equities markets were broadly bullish, with performance influenced by monetary policy actions (European Central Bank and the Bank of Japan-both maintained status quo), easing trade war fears, U.S. payrolls data which showed strong job additions in February amid volatilities in currencies. In the U.S., Trading activities largely reflected investors’ reaction to (1) Abating trade war fears between U.S. and its major trading partners (2) Payrolls data which showed strong job additions in February, recording its biggest increase in almost 2 years. Overall, the DJIA and S&P appreciated by 3.25% W-o-W and 3.54% W-o-W to close at 25,335.74 pts and 2,786.57 pts respectively. Equities Market- The equities market closed positive for the second consecutive week, as investors’ appetite for stocks remained relatively strong. The NSE ASI appreciated by 0.68% w/w as it closed at 43,167.87 points, equating to MtD and YtD returns of -0.38% and 12.88% respectively. The current low valuations of stocks still provide good buying opportunities in the market. Some of our recommended stocks are mentioned below; FIDELITY- Fidelity 9M-2017 result showed that gross earnings improved by 18% y/y to N130 billion primarily driven by an increase of 21% in interest income and a strong growth of 99% in non-interest income to N5.9 billion from N2.9 billion in 9M’2016. PBT also grew by 65% y/y from N9 billion in 9M’16 to N16 billion. EPS also grew to N0.67 from N0.40 in 9M’16. Fidelity bank has a CAR of 17.3% and NPL ratio of 5.90% which still enables the bank to declare dividend (within the band of 30-75% of earnings) based on CBN’s amended dividend policy. The dividend payout ratio for FY’16 dividend payout ratio stood at 41%: FY’16 DPS-N0.14, FY’16 EPS- N0.34. We forecast FY’2017 DPS of N0.25 and EPS of N0.60 which translates to a dividend yield of 8% based on its current price of N2.98 (09/03/2018). With a target price of N4.87, we place a “BUY” recommendation. DANGSUGAR- Dangsugar consolidated on its strong performance as recorded revenue of N163 bn in 9M’17, representing a growth of 41% y/y when compared to the N115 billion recorded in 9M-2016. Gross profit also grew by 118% y/y from N19bn in 9M’16 to N41bn as the strong sales growth completely offset the increase in cost of sales which grew by 26% y/y. PBT also improved by 156% y/y, while profit after tax grew remarkably by 162% y/y from N10 bn in 9M’16 to N26 bn. EPS also increased significantly by 163% y/y from N0.84 in 9M’16 to N2.21 in 9M’17. In 2018, we expect the company to benefit from improved domestic demand while the greater growth strategy implemented by the management is expected further improve its cash flows. With a target price of N27.54, we place a “BUY”. Please find attached our Stock Recommendation for this week, ending 16th March, 2018. Thank you. MBC Research |
Re: Nigerian Stock Exchange Market Pick Alerts by Investnow2017: 9:54am On Mar 13, 2018 |
Dear Client/Reader, Global Economy - Movements in global equities markets were broadly bullish, with performance influenced by monetary policy actions (European Central Bank and the Bank of Japan-both maintained status quo), easing trade war fears, U.S. payrolls data which showed strong job additions in February amid volatilities in currencies. In the U.S., Trading activities largely reflected investors’ reaction to (1) Abating trade war fears between U.S. and its major trading partners (2) Payrolls data which showed strong job additions in February, recording its biggest increase in almost 2 years. Overall, the DJIA and S&P appreciated by 3.25% W-o-W and 3.54% W-o-W to close at 25,335.74 pts and 2,786.57 pts respectively. Equities Market- The equities market closed positive for the second consecutive week, as investors’ appetite for stocks remained relatively strong. The NSE ASI appreciated by 0.68% w/w as it closed at 43,167.87 points, equating to MtD and YtD returns of -0.38% and 12.88% respectively. The current low valuations of stocks still provide good buying opportunities in the market. Some of our recommended stocks are mentioned below; FIDELITY - Fidelity 9M-2017 result showed that gross earnings improved by 18% y/y to N130 billion primarily driven by an increase of 21% in interest income and a strong growth of 99% in non-interest income to N5.9 billion from N2.9 billion in 9M’2016. PBT also grew by 65% y/y from N9 billion in 9M’16 to N16 billion. EPS also grew to N0.67 from N0.40 in 9M’16. Fidelity bank has a CAR of 17.3% and NPL ratio of 5.90% which still enables the bank to declare dividend (within the band of 30-75% of earnings) based on CBN’s amended dividend policy. The dividend payout ratio for FY’16 dividend payout ratio stood at 41%: FY’16 DPS-N0.14, FY’16 EPS- N0.34. We forecast FY’2017 DPS of N0.25 and EPS of N0.60 which translates to a dividend yield of 8% based on its current price of N2.98 (09/03/2018). With a target price of N4.87, we place a “BUY” recommendation. DANGSUGAR- Dangsugar consolidated on its strong performance as recorded revenue of N163 bn in 9M’17, representing a growth of 41% y/y when compared to the N115 billion recorded in 9M-2016. Gross profit also grew by 118% y/y from N19bn in 9M’16 to N41bn as the strong sales growth completely offset the increase in cost of sales which grew by 26% y/y. PBT also improved by 156% y/y, while profit after tax grew remarkably by 162% y/y from N10 bn in 9M’16 to N26 bn. EPS also increased significantly by 163% y/y from N0.84 in 9M’16 to N2.21 in 9M’17. In 2018, we expect the company to benefit from improved domestic demand while the greater growth strategy implemented by the management is expected further improve its cash flows. With a target price of N27.54, we place a “BUY”. Please find attached our Stock Recommendation for this week, ending 16th March, 2018. Thank you. MBC Research 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by idinc(m): 10:18am On Mar 13, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 10:22am On Mar 13, 2018 |
So it appears Q4 losses remain in FIDELITY's blood. Rabbi, why's that peculiar? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:26am On Mar 13, 2018 |
Is anyone seeing what JAPAUL is doing this morning? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:27am On Mar 13, 2018 |
Is the MSCI guys trying to pump and dump fcmb on those seeing it as a bullish sign? |
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