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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11491676 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:34pm On Sep 20, 2018 |
MonkeyHunter: Lol at THE monkey hunter.. Anyway she asked what the company is selling so they answered her and also advised her not to buy aluminum when there’s asphalt shingles.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:39pm On Sep 20, 2018 |
MonkeyHunter: Chai I knew this oga is already in this boat.. nice one ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:41pm On Sep 20, 2018 |
wanaj0: This my boss is too much! This is so perfect! Arguing with facts and figures, not sentiment. ....but come o, na the kind assignment Oga MH say make I do be this! ![]() I reject failure in this subject and in my life IJN. ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:43pm On Sep 20, 2018 |
wanaj0: Great. ...But we both know that Nos when properly interpreted are a GREAT INVESTMENT GUIDE to better decision making. This is where I have my inclination. ...this is KEY. To all the questions u raised, that's why I referenced that quote and also a part of the reason I said I do have some reservations about the company. NOTE: I do NOT own a share in First Aluminium. ...but am open to the possibility of keying in in future. Regards. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 12:59pm On Sep 20, 2018 |
wanaj0: Comments made on First Aluminium "Dead body must shake body and get lifted before e finally rest for ground level 20K" "Can't remember the last time that company declared profit or pay dividend. They are an Aluminium company that is completely left behind!" "She may just be waking up from sleep. That's the only thing that came to my mind when I saw her post. But still, people make money from dead companies, she might succeed." "Na only maggot dead body go brew. That company is returning back to DUST." The above comments are not justified and can't have been made by someone that looked at the financials. 1)The company is not dead. 2)It is not loss making. 3)It is not over priced. 4)20k (Market Cap of N420m) will be a gift to whoever buys it given the profitability (N210m) and shareholder's funds (over 5bn). Am I advising people to buy? No. Is the group result of more relevance to shareholders than company results? In my opinion, Yes Has group profitability iimproved ver the the past four years? Yes from N29m to N209m Are the profitability margins poor? Yes and that has been reflected in the price. The company is however making sales of over N9bn annually and if the margins improve the profitability shoots up. Is this an attractive take over candidate? Yes 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 1:11pm On Sep 20, 2018 |
MonkeyHunter: Chief, that a "corpse" is yet to be buried does not mean its "alive" to me. Not a problem, ride on with First Aluminium. Am also looking for a similar company to make money off. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:12pm On Sep 20, 2018 |
MonkeyHunter: So many FALSE assumptions! Nothing in the numbers is an indication of a healthy company! The prospect of the company is evident in the market place. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:17pm On Sep 20, 2018 |
onegentleguy: I do own First Aluminium when they were 'profitable' and sold leaving a little so as to continue to 'check' what is happening. Nothing has changed in that sector. Competition is stiff. ALSCON is still moribund. First Aluminium is struggling! So what are the number's sayings? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:22pm On Sep 20, 2018 |
MonkeyHunter: A 'good' company BUT 1) Not paid dividend in years 2) Profitability dropped in its 'core business' (Company result) 3) Negative retained earnings will take 8 years to turn positive at current 'run rate'. 4) POOR margins Candidate for take over? YES. I can only recommend such companies for an Undertaker like Jimoh Ibrahim. Jimoh Ibrahim love such companies because they are good for asset stripping. He will help hasten their death. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 1:27pm On Sep 20, 2018 |
Mcy56: Apologies for hastily discouraging you. I now humbly hastily encourage you to BUY First Aluminium. Thanks. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 1:28pm On Sep 20, 2018 |
wanaj0: My bad. Apologies for the accusation. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:30pm On Sep 20, 2018 |
wanaj0: I decided early in my investment life NEVER to romance anyone ( I am transgender.. ![]() ![]() Now that great companies are priced like crayfish, how on earth will I even bother about pricing rotten fish.. ![]() Negative retained earnings is like terminal illness on NSE. Even the healthy ones (with cooked numbers) can drop dead any day.. ![]() If anyone wants us to do contribution, let it be outside the trading floor, and let us sign terms of agreement, I CANT add my bid! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:30pm On Sep 20, 2018 |
FO - sp breaking above prev month close & testing 50dma (10wkMA) - wkly RSI finds its way above oversold levels - bears taking a much needed break - next comes d ''lower high'' |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 1:33pm On Sep 20, 2018 |
wanaj0: This is FA at it's best. Amazing! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:35pm On Sep 20, 2018 |
fxuser: ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:36pm On Sep 20, 2018 |
Transcorp - defense hv moved above 1.20 - consolidation ongoing - out of entry zone , entries here can be shaken out #spectator |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:38pm On Sep 20, 2018 |
wanaj0: Sir, now you are not been fair to me. ......but I must commend you for your posts meant to inform the forum on why investing in Firstalum is a risky venture at this point in time. I've gained quite a lot within this short period. Thanks sir. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:39pm On Sep 20, 2018 |
fxuser: I am awaiting the wall of Jericho to be broken from inside for me to pick some gems... ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:39pm On Sep 20, 2018 |
Oando - peeping above n5 to see were dem Manga people de hide hehehe |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:40pm On Sep 20, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 1:41pm On Sep 20, 2018 |
fxuser: LOL. Manga and those Lebanese... |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:44pm On Sep 20, 2018 |
FCMB - if ur buying here , where u wan put ur stop loss ? #patience |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:46pm On Sep 20, 2018 |
Mcy56: I make bold to say he is who he is as you too has just done... ![]() Very few people here point out good stocks where they hold no positions, but have seen value! Whenever I decide to pump a stock and dump, I make sure I NEVER call attention to it here (we are a family). P/D or market mechanics is risky! Wanaj0 always bring a microscope to the table. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:49pm On Sep 20, 2018 |
Diamond - trading below its recent highest weekly close set at 1.33 (lower high in place) |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 1:51pm On Sep 20, 2018 |
fxuser: Some put their stop loss in the end of year 10k dividend... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:54pm On Sep 20, 2018 |
Dng Flour - downward slope is less stepper #slowingDown |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:56pm On Sep 20, 2018 |
DeRuggedProf: loll . . d future dividend yield forecast approach , d pipu looking at low PE tables in ascending order lolxx #chai |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:57pm On Sep 20, 2018 |
Japaul - ever re-distributing money amongst retail traders like MMM lolx (Jegede is watching u pipu wt corner eye) |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 2:01pm On Sep 20, 2018 |
DeRuggedProf: The more reason why I asked what is the attraction? Would like to understand the screening criteria that will make First Aluminium even appear on the list considering the opportunities on the NSE. Anyway, discouragement is illegal. We all must become Barnabas (son of encouragement) 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:03pm On Sep 20, 2018 |
DeRuggedProf:Prof, go and edit my mention you quoted. He's just been sarcastic johr! ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:05pm On Sep 20, 2018 |
fxuser: daily chart shows a recent series of lower highs and higher lows forming a symmetrical like triangle while the 50dma is flattening out consolidation or bottoming ?? #Observing |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 2:07pm On Sep 20, 2018 |
Skye - still doing skye tinz ![]() a decent MTD . . |
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