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Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 2:57pm On Apr 05, 2019 |
NoMoney: currentprice: @ yom2 if you call post like dis blacklisted then I wonder what we are doing here. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by STOjo: 3:14pm On Apr 05, 2019 |
ukay2:With that GTB transactions I also thought it so or make I ask sey wetin u see. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 3:18pm On Apr 05, 2019 |
currentprice: oando release one of the best result so far but it also abracadabra results because earnings was attractive due to positive tax. |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:19pm On Apr 05, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:18pm On Apr 05, 2019 |
Chibuking81:Lol. I dont even have the kind of heart I can put such things. Na my crush dey my mind now. Lol. It could have been GonFreecss1 but not anymore, he's already going on Vac with another person, he doesnt like me. Though you're not joking but then, wetin coinsain me, I don talk my own I don move na. One love bitl. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:28pm On Apr 05, 2019 |
DOLLARTEX:Nobody knows it all my bros, its a known fact. You remembered Japaul too, while some feared, some people still made money from it before reality dawns....but are we saying no one should raise red flag where one is sighted? I bought this same chams but sold it again the day it closed at 21k. I would never blame anyone for it. Also, this is not about me but about those that took their time to analyze the result and situation. I'm happy you mentioned the red flag too, so you knew you were taking risk there but stood by your decision. Anyway it is well. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 4:32pm On Apr 05, 2019 |
STOjo:It was that volume that made me buy uba too, 22M+ sold, too big than to be ignored. The volume sold this week were big on daily basis. |
Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 4:39pm On Apr 05, 2019 |
Chibuking81: KARMA is a BITCH! You got served hot and fresh, I now expect you go back to your STUDIO and do REMIX of your hit track BONANZA 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:22pm On Apr 05, 2019 |
REVIEW OF FORTE OIL CHAIRMAN... EMPEROR FEMI THE SON OF OTE DOLLAR($) INDUSTRY.. Forte Oil PLC is an integrated energy group. The Company operates with downstream petroleum operations, power generation and upstream petroleum services. Forte is engaged in the marketing of petroleum products directed at the automobile, industrial, aviation, and marine markets. Subsidiaries... 1. Forte Upstream Services (FUS) : [Forte Upstream Services] (FUS) specializes in the supply of Well Production Chemicals and Drilling/Completion Fluids to the Upstream Sector of the Oil and Gas 2. AP Oil & Gas Ghana limited (APOG) : [AP Oil and Gas Ghana Limited] (APOG) commenced operations in July 2008 with a single outlet and a few industrial customers in a bid to build a transnational oil company. Today APOG has grown to viable energy company with its head office within the Accra Business District and a network of retail outletts 3. Ameperion Power Distribution Company Limited : [Amperion Power Distribution Company Limited] (Amperion Power) is the power generation arm of Forte Oil PLC and is the majority owner of the 435MW power plant in Geregu. Amperion is made up of Forte Oil, BSG Power limited and Shangai Municipal Electric Power Company. Bloomberg key statistics. Price 27.40NGN P/E Ratio18.81 Bloomberg (BEst) P/E Ratio91.3333 Shares Outstanding1.3B Price to Book Ratio. 2.0815 Price to Sales Ratio. 0.2655 1 Year Return. - minus---34.61% 30 Day Avg Volume175,354 EPS. 1.46 Last Dividend Reported. 3.45 Earnings Announcement for Period Ending Q1/2019:04/12/2019 ANNUAL INCOME 2018 REVENUE... N135bil NGN NET INCOME.... N8Bil NGN PROFIT MARGIN.... 6.19% BALANCE SHEET 2018 Total assets... N142 b Total Liability.... N 78 billion Debts to assets 13.23% Cash Flows Operating. Minus- 8bilNGN Investing Minus..-1bilNGN Financing... Minus- 15bilNGN To buy or not ? To sell or hold? 31st Dec 2014...The stock closed atN227NGN with volume of 311,186 31st Dec 2015... Closed at N330 with volume of 152,168 30thst Dec 2016 closed at N84. 83, volume traded 315,629 22nd Dec 2017..N43.48. Volume. 34,099 2018 till date (52 weeks range). 16.70-52.55 CLUE.... Nigeria Lubricant markets was forcasted by an Indian marketing and research firm to reach N403 billion NGN. This research was released in Oct 2018. https://www.bloomberg.com/press-releases/2018-10-29/nigeria-lubricants-market-is-expected-to-grow-at-a-healthy-cagr-and-is-expected-to-reach-over-ngn-405-billion-ken-research Forte Oil has a fair percentage in the Lubricants market Why did EMPEROR FEMI otedola decides to divest from Forte Oil to Energy and electricity generation if the business is still viable? What is the fate of shareholders after femi otedola acquired Amperion power distribution? https://www.forbes.com/sites/mfonobongnsehe/2019/02/08/nigerian-energy-tycoon-femi-otedola-receives-approval-to-begin-talks-to-acquire-power-assets/#783d9d002bef https://www.reuters.com/article/us-nigeria-forte-oil-restructuring/forte-oil-to-sell-some-nigerian-assets-pull-out-of-ghana-idUSKBN1I32DC If there is no corporate corruption, and Forte Oil disposed geregu power plants, the value of Forte oil might reach N65 after final disposition of the deal, but this is Nigeria where corporate assets are usually hyperinflated, and liabilities under reported Otherwise, this stock is worthy of boarding the train at kilometer N27 substation N30. Verdict..... High risk volatile investment..... For the strong heart. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:28pm On Apr 05, 2019 |
I do not think that we should take some of these I TOLD YOU STATEMENTS beyond what it should be and mean. We are here to help one another take informed decisions in the NSE. That a particular stock is bad today does not mean that it can not be good tomorrow vice versa. That there are some flies that follow the dead body to the grave does not mean that some that are wise do a retreat before the body gets to the GRAVE. Please read this if you just got into Chams https://chamsplc.com/chams-private-placement-oversubscribed/ It will be nice to know what you are getting into. The last trades (in units) of the company for the last 7 months are as follows: Oct 2018 - 0.1m, Nov 2018- 0.002m, Dec 2018 0.0288m, Jan 2019 - 0.0001m, Feb 2019 - 20.0005m, March 2019 -40.897639m, April 2019 - 56.013534m. Note that we have just had 5 days trading in April 2019. Then ask yourself what is the value of the trades so far N23m plus. So if you really want to play here, how much are you willing to stick your neck out for. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 5:40pm On Apr 05, 2019 |
rebekah2011:what this company needs is government patronage like Caverton, the rest will be history, there is no service they want to give that one hustler in computer village is not already providing to the masses.....If they supported Buharis election then common Road safety or Immigration contract is enough to fire them to the net level |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:45pm On Apr 05, 2019 |
They already had those businesses. BVN, NATIONAL IDENTITY CARD PROJECT, etc. The question to ask is how did this benefit the common shareholders. The government patronage of Caverton's is not that pronounced. Shell and some other Oil and Gas coys have been the pillar of their success. When you do business with the Government, be sure to have huge receivables and plenty of cash to do sorting. maishai: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 6:29pm On Apr 05, 2019 |
rebekah2011: Rebekah2011 are you are a man or woman? if you are the later, i will like to make you my bae... You are a smart human being... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 6:32pm On Apr 05, 2019 |
Chibuking81:When your inner mind tells you to buy a stock which seems to present a jackpot opportunity, just buy and plug your ears to the noise while you prepare your emotions to accept the outcome in case it goes bad. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 6:38pm On Apr 05, 2019 |
rebekah2011: A lot of red flag on this CHams stock....A stock that has been dead for years and suddenly some people (investors in the company) are looking for escape route by pumping it using dividend declared as bait.... It reminds me of when GSK divested its ribena arm of business and declared special dividend. This shot up the price to high level and crashed after the qualification date. Though one cannot compare gsk directly with moribund chams, but similarity in terms of P&'D is being played out here. My advice is that whoever wants to dine with the NSE devil must use a long spoon- don't wait till the qualification date before you run coz if you do it might be too late to run because its going back to its usual junction of 0.20... DD: hold no tasere units in my portfolio. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 6:59pm On Apr 05, 2019 |
Fitch Expects Access Bank to Repay Diamond Bank's $200m Eurobond Next Month https://businesspost.ng/2019/04/05/fitch-expects-access-bank-to-repay-diamond-banks-200m-eurobond-next-month/ |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 7:34pm On Apr 05, 2019 |
I'm yet to see access bank (diamond bank) in my morgan platform. Has anyone in morgan seen their?. |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie6: 7:49pm On Apr 05, 2019 |
edwardaigb:Same here |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 8:12pm On Apr 05, 2019 |
I am the former oooo. Na my little daughter get that name. She is smarter than me sha. [quote author=Coolcash1 post=77293864] |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 8:16pm On Apr 05, 2019 |
rebekah2011: Oh, i see!.... #noHomo.... |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 8:42pm On Apr 05, 2019 |
DOLLARTEX:Hope you didn't bail yet sha. Any expectation above 26k on this stock is risky. So if you ask me, I'd say exit at least half at that price early on Monday. Don't wait till market closed as it may close flat or lower. Meanwhile that 76m bid is just about 13,000 units of NESTLE. so not really something huge |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 8:49pm On Apr 05, 2019 |
laydap: Buying in anticipation of this dividend is still trading on hope. The way you've analysed it now, what if I convince my brother to sell his house, and even get an extra 50m facility from the bank to put on this stock. so that we buy at #25, and collect #10 dividend. I think there may be other plans they'll have for those proceeds. -pay special dividends -deleverage -acquire new assets |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 9:01pm On Apr 05, 2019 |
awesomeJ: your brother should not try such ooo many may not still know much about FO in my own opinion. It goes beyond surface paper analysis 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 9:04pm On Apr 05, 2019 |
Mcy56: Don't do this to us baby, I am no more on Vac... Let us go to our own Vac. |
Re: Nigerian Stock Exchange Market Pick Alerts by GonFreecss1: 9:09pm On Apr 05, 2019 |
rebekah2011: Nice, for her to inspire you to use her name. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:10pm On Apr 05, 2019 |
awesomeJ:thanks awesome,my stake here is not substantial to give me headache,I will move out when the story changes! |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:40pm On Apr 05, 2019 |
in other news court nullifies the takeover of etisalat by teology .way forward on etisalat debt. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:41pm On Apr 05, 2019 |
GonFreecss1:Chai! My bros you're making me afraid now oooo Thanks for making my week. Respect Sir! |
Re: Nigerian Stock Exchange Market Pick Alerts by awesomeJ(m): 9:42pm On Apr 05, 2019 |
aremso:That's what I'm saying now. If he buys and FO decides they're ploughing the sales proceeds to acquiring some assets or deleverage. No dividend. Market hears that and sends the stock price sub 20, Wouldn't that be high blood pressure? |
Re: Nigerian Stock Exchange Market Pick Alerts by Kevostica(m): 9:47pm On Apr 05, 2019 |
edwardaigb:U can only see it when u request for ur cscs statement from Morgan |
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