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Nigerian Stock Exchange Market Pick Alerts - Investment (4434) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:36pm On Mar 29, 2019
rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25524_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf
The word of God says So the last shall be first, and the first last: for many be called, but few chosen.
Una no go kee people here. What is this one chosing for? grin
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 4:38pm On Mar 29, 2019
onegentleguy:


There seem to be contrasting reports with the amount that was declared.
...initial report yesterday clearly stated a 22k payment until this morning when it was replaced with a financial print showing a 100% cut down to 11k.
Now that's not a good sign. ...given that it sends all the wrong coperate governance signals along with it, whether deliberate or not.
That said, there is NO need to panic. ...FIDELITY declared a great result over the course of 2018.
So it remains a HOLD for me irrespective of the amount declared. Especially if ur in it for the mid to long term.

Btw, the bank will be holding a conference call on Monday.
..[s].hopefully they'll clarify the stakeholders on what is actually the proposed amount as dividend declared.[/s]

Regards.


https://trwstockbrokers./2019/03/29/fidelity-bank-clarification-on-dividend-information-for-2018-financial-year/
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:43pm On Mar 29, 2019
left fidelity at 2.4 feeling like a boss,quickly entered fcmb at 1.95,only for it to close at 1.86.which kan wahala be this!
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:44pm On Mar 29, 2019
locodemy:
Na God saved us from the kind bloody bathe we for see today if no be these fair results with no juicy dividend.
Right. At least the results were good, it remains Mr. Market to respond positively to it at the right time.
Re: Nigerian Stock Exchange Market Pick Alerts by Tolktob: 4:44pm On Mar 29, 2019
DOLLARTEX:
left fidelity at 2.4 feeling like a boss,quickly entered fcmb at 1.95,only for it to close at 1.86.which kan wahala be this!

grin grin grin grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:47pm On Mar 29, 2019
DOLLARTEX:
left fidelity at 2.4 feeling like a boss,quickly entered fcmb at 1.95,only for it to close at 1.86.which kan wahala be this!
grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:48pm On Mar 29, 2019
DeRuggedProf:
/
Twale sir! At long last. smiley
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 4:49pm On Mar 29, 2019
Yayira:
Wema 3kobo ? shocked
at all at all na him bad
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:56pm On Mar 29, 2019
DOLLARTEX:
left fidelity at 2.4 feeling like a boss,quickly entered fcmb at 1.95,only for it to close at 1.86.which kan wahala be this!

Re: Nigerian Stock Exchange Market Pick Alerts by 735i(m): 4:57pm On Mar 29, 2019
DOLLARTEX:
left fidelity at 2.4 feeling like a boss,quickly entered fcmb at 1.95,only for it to close at 1.86.which kan wahala be this!

I swear...I'm tired of this market. Wanted to average down CCNN at N17.10... only for market to close at N19.90. This NSE ehn....
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 5:02pm On Mar 29, 2019
DeRuggedProf:



https://trwstockbrokers./2019/03/29/fidelity-bank-clarification-on-dividend-information-for-2018-financial-year/

Welcome back my dear !!

But unfortunately, the link failed to give the needed clarity on what is indeed the ACTUAL amount declared by the bank.
While I agree that the 11k pay is now the likely of the 2, the content of the heading; "clarification on dividend information for 2018 financial year" is at best a misfit with information dessimination.
Needles to say that the banks company Secretary needs to get some tutorial on proper and effective journalism.

In summary, the write up simply told us that the 11k which was put out this morning is less than the 22k which was declared last night. ...without categorically pointing to which one of the 2 should indeed be expected.
It's just like telling a student that X is less than Y after supplying him with valuations stipulating that X= 11 and Y= 22.
I think it's only a blind student who needs to be told that !!

Like I said before; It's not a good sign. ...given that it sends all the wrong coperate governance signals with it, whether it was indeed deliberate or not.
Since the direct source for both values was from the bank, they will have to answer to some questions on this during the conference call on Monday. Even if nothing eventually changes, at least they'll be more careful next time.

Regards.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:04pm On Mar 29, 2019
735i:


I swear...I'm tired of this market. Wanted to average down CCNN at N17.10... only for market to close at N19.90. This NSE ehn....

Too many crazy things happened today bro.. I canceled my CCNN that someone was filling @ 18.70 only for it to close at 19.90.. I no fit cry

Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 5:23pm On Mar 29, 2019
735i:


I swear...I'm tired of this market. Wanted to average down CCNN at N17.10... only for market to close at N19.90. This NSE ehn....
No matter how the price will still drop below your targeted average price (not a guru advise but a school 2 advise)
But there are some stock that I don't think it worth average down unless it get to final bus stop.
Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 5:32pm On Mar 29, 2019
rebekah2011:
20b in loans. A lot in foreign denominated currency. It should be approached with caution.

Exactly!

All it takes is another naira to dollar loss in value, and they are bleeped!

You are quite smart. grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 5:33pm On Mar 29, 2019
Mcy56:

I like the way you always caution us when going too optimistic here. smiley

What about me? embarassed

You don't like how I caution you?
Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 5:38pm On Mar 29, 2019
rebekah2011:
Thanks. It is my training oooo. Unfortunately, my over-cautiousness is always robbing me of good stocks to speculate on. The rule one for me is capital preservation.

You an analyst of sorts? grin
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:43pm On Mar 29, 2019
Nope. An accountant
GonFreecss1:


You an analyst of sorts? grin
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:44pm On Mar 29, 2019
http://www.nse.com.ng/Financial_NewsDocs/25536_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf
N1.50 dividend

http://www.nse.com.ng/Financial_NewsDocs/25541_BERGER_PAINTS_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf
65kobo dividend

http://www.nse.com.ng/Financial_NewsDocs/25535_OANDO_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf
No dividend

http://www.nse.com.ng/Financial_NewsDocs/25545_AXA_MANSARD_INSURANCE_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf
6kobo dividend
Re: Nigerian Stock Exchange Market Pick Alerts by 735i(m): 5:46pm On Mar 29, 2019
phemmie06:

No matter how the price will still drop below your targeted average price (not a guru advise but a school 2 advise)
But there are some stock that I don't think it worth average down unless it get to final bus stop.

Me i just want to average down and bail out. I need to reduce realised loss.
Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 5:47pm On Mar 29, 2019
rebekah2011:
Nope. An accountant

Ah! No wonder. grin
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 5:54pm On Mar 29, 2019
735i:


Me i just want to average down and bail out. I need to reduce realised loss.

I don't understand you boss you mean average down and wait for some rally before selling? If yes with their EPS only a special feature will make it possible.
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:15pm On Mar 29, 2019
http://www.nse.com.ng/Financial_NewsDocs/25537_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MARCH_2019.pdf
Caverton pay 25 kobo dividend, May 7, qualification date.
Close at 2.49 EPs of 1.27
2.49/1.27 = 1.96 PE
Superb result so far

Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:21pm On Mar 29, 2019
http://www.nse.com.ng/Financial_NewsDocs/25493_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf
FCMB
APRIL 11, Qualification date for dividend of 14 kobo
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:24pm On Mar 29, 2019
rebekah2011:

http://www.nse.com.ng/Financial_NewsDocs/25535_OANDO_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf
No dividend
EPS
197 kobo 2018 against 62 kobo EPS 2017
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:24pm On Mar 29, 2019
You must see this before you rejoice too much about WEMA
Yayira:
Wema 3kobo ? shocked

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:26pm On Mar 29, 2019
Check the tax note. Deferred tax boosted the PBT to that level. Oando will take ages before they make real profit.
Chibuking81:

EPS
197 kobo 2018 against 62 kobo EPS 2017
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:27pm On Mar 29, 2019
I hope people will look more into Forte Oil and see that it is also a time bomb waiting to happen. Take out the discontinued operations and what you will have left will amaze you. How did the company get this bad?

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:31pm On Mar 29, 2019
http://www.nse.com.ng/Financial_NewsDocs/25533_JAPAUL_OIL_-_DEC_2018_AFS_FINANCIAL_STATEMENTS_MARCH_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/25557_ETERNA_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/25556_ETERNA_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:32pm On Mar 29, 2019
locodemy:



Na who go come listen to the drowning Janet ?

Stock that has a better eps in mid 2018,diminished in Q3 and finally crippled in year end.

It may finally die in 2019.

cc: CP

Is it not better to be grooving in profit with an illiquid stock that be grasping with loss in a liquid stock.
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 6:37pm On Mar 29, 2019
rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25533_JAPAUL_OIL_-_DEC_2018_AFS_FINANCIAL_STATEMENTS_MARCH_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/25557_ETERNA_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/25556_ETERNA_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf
Conoil won't release her result now
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:38pm On Mar 29, 2019
rebekah2011:
Check the tax note. Deferred tax boosted the PBT to that level. Oando will take ages before they make real profit.
They are improving.
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:43pm On Mar 29, 2019
Caverton and Eterna pay the same dividend of 25 kobo
Caverton EPS, 1.27 Kobo 2018 against 77 kobo 2017, very good and wonderful result.
Eterna EPS, 77 kobo 2018 against 1.54 2017, Very poor result.
Power will change hands starting from Monday, many companies presented disappointed poor result

Caverton is still leading. Not monkey hunting, but treasure hunting grin grin grin grin

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