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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11487494 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 2:25pm On Jul 28, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:34pm On Jul 28, 2018 |
I still dey expect Japaul, Lasaco and Mbenefit report. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 2:42pm On Jul 28, 2018 |
awesomeJ: Agba might be focusing on preferred entry price while CP might be looking at target exit price hence the difference. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 2:44pm On Jul 28, 2018 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:05pm On Jul 28, 2018 |
Dangflour ROE 8.4% BV = 7.9 PBV = 1.1 For Industrial/Manufacturing (given higher premium by market), I take every 10% ROE = 1PBV (for banks/financial sector 0.5PBV) Appears this one is also about rightly priced (selling at 13% premium) Be like this market is efficient at the moment CP come carry your work o ![]() 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 3:27pm On Jul 28, 2018 |
MonkeyHunter:By "current price", I meant current market price. e.g Zenith at 23.70, Agba's price =11.85 |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 3:29pm On Jul 28, 2018 |
Agbalowomeri: I used to emphasize book value too, but I think earnings are a more important gauge. What's the use of big book value with low earnings. Banking stocks 5x PE, consumer goods 10x Right. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 3:53pm On Jul 28, 2018 |
awesomeJ: Market punishes inefficiency Let me see if the difference in efficiency still exist between Zenith and Guaranty |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:59pm On Jul 28, 2018 |
Dangoteflour has a very poor result. Kilometers #5 there we go. They will be among the result to welcome bear next week. ![]() ![]() ![]() ![]() ![]() Group 2018 q1 EPS 33.35 AGAINST 2017 q1 EPS of 63.37 2018 q2 EPS 65.00 AGAINST 2017 q2 EPS of 115.84 Company 2018 q1 EPS 29.35K AGAINST 2017 q1 EPS of 62.35k 2018 q1 EPS 62.47k AGAINST 2017 q1 EPS of 123.05k ![]() ![]() ![]() 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 4:15pm On Jul 28, 2018 |
Chibuking81: You may need to drop that tone Sir. Shebi we have all said peace going forward. Some forum members might still have this stock. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:20pm On Jul 28, 2018 |
mendes911:That I have done dear brother in the lord, one love. Am not referring to those inside their bus or the stock itself, but to the election bear, which will bring the anticipated election bonanza. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:22pm On Jul 28, 2018 |
Findings (based on full year audited 2017 reports) Guaranty -ROE - 27% -BV 21.3 -PBV 1.9 Should sell at most 32 (1.5PBV) Zenith -ROE 22% -BV 26.2 -PBV 0.9 Should sell at least 26.2 (1PBV) Zenith appears to be bridging the gap in inefficiency, looking from the ROE So Zenith at N13 would be a kill ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 4:23pm On Jul 28, 2018 |
Agbalowomeri: Sir, isn't inefficiency disparity between these banks more of cost to income ratio than returns on equity. That's a question to an uncle o. Not an argument. From the latest full year statements: GUARANTY: BVPS= 496bn/29.43bn share= 16.85 EPS= 4.67 ROE= 4.67/16.85= 27.72%: ZENITH: BVPS= 821.66bn/31.4bn shares = 26.17 EPS = 5.66 ROE= 21.63% 27.72%, 21.63% not too wide. From a cost to income perspective, the EARNINGS/REVENUE ratio for both banks is: GUARANTY: 170.47bn/419.2bn= 40.67% ZENITH: 177.933bn/745.19bn = 23.88% 40.67%, 23.88% now that's some gap. actually by replacing the '%' symbol with 'NGN' , we'll get pretty good approximates of their stock prices. What do you think Sir? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 4:26pm On Jul 28, 2018 |
Agbalowomeri:Or Zenith at 13, would be you pulling our legs. By the way how did you calculate GT's BV. I got 16.85_ as contained in my post 'at the top' |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:27pm On Jul 28, 2018 |
awesomeJ: That would be a more technically correct perspective; and perhaps why the valuations are still the way they are. Me na road-side market sense I dey use Lol ![]() So I have learnt something today. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:29pm On Jul 28, 2018 |
awesomeJ: I think the equity is 625? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:33pm On Jul 28, 2018 |
Agbalowomeri:In bonanza period come January/ February next year 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:38pm On Jul 28, 2018 |
awesomeJ: Well at least we can agree that the further it is from 26, the better the bargain. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 4:42pm On Jul 28, 2018 |
Agbalowomeri:I saw 496bn. Your PDF viewer is Aba made. or maybe it's mine. |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 4:43pm On Jul 28, 2018 |
Agbalowomeri:Yes Sir. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:44pm On Jul 28, 2018 |
awesomeJ: may be you should turn your phone/laptop upside down ![]() Or better still get a mirror image Lol 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 4:47pm On Jul 28, 2018 |
Agbalowomeri: zenith at #13? how possible is this? |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:54pm On Jul 28, 2018 |
aremso: It is my own price that I am willing to dive in However, considering the annual dividend an entry at 18 would give a 15% return which is also good for a gradual entry. Anything above that is not for me and my household ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 4:59pm On Jul 28, 2018 |
Agbalowomeri:...ah! Agba!!! Zenith @ 13 ![]() Seriously Agba, how do you come about 18? Is it based on any fundamental data? I'm asking because TA is also showing something important at around that price ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:11pm On Jul 28, 2018 |
Agbalowomeri:...@Agba, I'm envious of your TA capabilities nowadays. Keep it up sir ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:19pm On Jul 28, 2018 |
BullBearMkt: Purely dividend yield of 15%, nothing else 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:20pm On Jul 28, 2018 |
BullBearMkt: You dey carry me yoke (in my Calabar accent lol) 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:33pm On Jul 28, 2018 |
Agbalowomeri:...I don't know if it's a coincident or not. 17 - 18 is a long-term support zone for Zenith. Any price fall to this level na gr8 buy ![]() ![]() ![]() ![]() ![]()
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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 5:34pm On Jul 28, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by ZikkyChops(m): 5:35pm On Jul 28, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:10pm On Jul 28, 2018 |
Agbalowomeri: Na wa ooh..So agba of all people can analyze lyk dis ... I think na only mocking tins ooh him sabi . Cant wait to graduate and start giving my own paralysis as well..I owe this forum. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:21pm On Jul 28, 2018 |
Agbalowomeri:Na so. ![]() |
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