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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11365138 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 6:52pm On May 15, 2019 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 7:23pm On May 15, 2019 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 7:32pm On May 15, 2019 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:12pm On May 15, 2019 |
No doubt, mtn will open on full bid. No doubt some interested persons here would put in bids but may not get a single unit. No doubt the full bids would last for some days and price would consequently appreciate. That is the point where some of us would now enter and in the next couple of dayz you will start to hear "my portfolio is down by 10%" "I bailed out at tesere loss" "I will just keep averaging down" etc until mtn go come make us pay for the remaining fine, and the penalty for tax defaults etc etc 9 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 8:28pm On May 15, 2019 |
Am trying to understand why MTN with all the information at their disposal, will choose to list their shares at N90 if it's truly worth more than double of it (N190 according to Cordros). Maybe this is MTN Bonanza and a way of giving back to Nigerians. Maybe! This is the same way Prophet Utuocha made noise and sold Starcomms and Tantalizer shares to us years back. 7 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 9:49pm On May 15, 2019 |
stcool:20billion share will not be available? I hear u. the can only hoard it for a few days |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 9:54pm On May 15, 2019 |
pluto09:did u use the 20 billion os? |
Re: Nigerian Stock Exchange Market Pick Alerts by gamaliel9: 11:27pm On May 15, 2019 |
Agbalowomeri: describe the two scenarios Sir Buying with mindset of a fundamentalist= Sell with mindset of a trader= |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:56am On May 16, 2019 |
yom2: No just 20billion Units .. 20billion @ 90 naira per share.. even tritritri 333million naira go only get am 3,700,000 units.. the shares out too much |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:13am On May 16, 2019 |
mendes911: Bros you still remember Utuocha ![]() ![]() ![]() Men don loss fa Lol 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:14am On May 16, 2019 |
gamaliel9: Bros na jamb kweson u set for me so |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:15am On May 16, 2019 |
I don't know anything about this MTN but the fact that they pay out 80% of their PAT as dividend, the NSE I know will price it very high o 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yungestmoney(m): 7:25am On May 16, 2019 |
stcool:Am so much interested in stock, but I just don't have d know-how. I need help pls......... |
Re: Nigerian Stock Exchange Market Pick Alerts by Jerekre(m): 8:14am On May 16, 2019 |
So, I've gleaned these from the comments here. Reasons to BUY or NOT TO BUY MTN Nigeria to Buy - IPO's usually rally for a few weeks or even months before falling, the trick is to know when to jump out, JIJO crew ![]() - Numbers released so far are very juicy, healthy year on year % growth in key performance indicators - Dividends are uhlalah ![]() - Momentum is more important than fundamentals, MTN is the rave of the moment, coupled with scarcity price will rally not to Buy - Before listing results are always to rosy, after you jump in the losses pile up and deductions of various kinds start poping up ![]() - IPO's are usually overpriced, better wait for a few results to better gauge it's worth, there will always to an opportunity to enter at a good price - The market is bearish, and has beaten down fundamentally sound companies to attractive prices, better buy a stock with years of stable earnings, dividends etc than the new kid on the block - Retail investors won't get in at an attractive price, ending up holding the empty can ![]() In all, Due Diligence is advised 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 8:21am On May 16, 2019 |
yom2: https://businessday.ng/exclusives/article/mtn-stock-set-to-rally-on-perceived-scarcity/ A CEO of one of Nigeria’s leading stock-broking firm told BusinessDay that “almost all shareholders of MTN are not willing to sell”, adding that “even those that will sell are going to offer the units that cannot meet the high demand”. “The demand will automatically lead to a rally for the stocks. I can tell you now that I have over 1 billion units of demand for MTN stocks but I am yet to see a shareholder that is willing to sell,” the CEO said. One stockbroker with order for over 1 billion units ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:54am On May 16, 2019 |
stcool: Lolz |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 9:03am On May 16, 2019 |
Excitement as MTN Nigeria Begins Trading of 20.4bn Shares Today https://businesspost.ng/2019/05/16/excitement-as-mtn-nigeria-begins-trading-of-20-4bn-shares-today/ Market Sheds 0.48% Ahead of MTN Nigeria Listing Thursday https://businesspost.ng/2019/05/15/market-sheds-0-48-ahead-of-mtn-nigeria-listing-thursday/ Electricity: Firm Offers FG Olive Branch As Judgment Debt Hits $9bn https://businesspost.ng/2019/05/15/contract-dispute-british-firm-offers-fg-olive-branch-as-judgment-debt-hits-9bn/ |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:06am On May 16, 2019 |
Agbalowomeri: This one alone and sentiment can push it to...N300-N500 |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:18am On May 16, 2019 |
yom2: It depends on the type of ownership. MTN will not be selling. The major investors are not likely going to be selling. Most of those who will be selling are those that urgently need the money. That said, MTN will do an IPO later. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 9:18am On May 16, 2019 |
Agbalowomeri: Ready to try my luck with this one, hopefully I will be able to get some units to buy before price gets out of my buying zone. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:19am On May 16, 2019 |
NSE and SEC should have compelled MTN South Africa to divest part of their holdings as offer for sale to Nigerians. Between 1b to 2b stcool: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by STOjo: 9:19am On May 16, 2019 |
stcool: 1 billion units X N90 = 90 Billion Nigeria Naira. Over N90 billion Nigeria naira in his account for MTN purchase alone! I hear una ![]() ![]() ![]() 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:22am On May 16, 2019 |
wait ooo,market cap of mtn is 1.8 trillion,if it goes on full bid today 10%.All share index will just be firing,I hope they will not hold down my gtb because mtn is blasting the ASI. |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:23am On May 16, 2019 |
pluto09: This your Mathematics get as e be ooo Based on Q1 result, PAT 2019 will be like N200bn, EPS will be like N10 and PE at listing price of N90 will be like 9. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 9:25am On May 16, 2019 |
rebekah2011: Why should they be compelled to sell their holding ![]() ![]() 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:32am On May 16, 2019 |
Because they got a reprieve from the NCC Fine. If MTN RSA will not sell at N90, who will then throw away money at N90. Imagine 50,000 units @ N99 = 4.95m. Is the stock now worth N150 or N300 for it to excite MTN RSA to sell. They already have 74.3%, let them cede the 4.3% and everyone will still be okay. wanaj0: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:34am On May 16, 2019 |
MTNN listed at N90/share in the premium section of NSE. Welcome on board. ![]() No offer, no bid yet................ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:37am On May 16, 2019 |
Mcy56: 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:37am On May 16, 2019 |
Na mouth the guy get. STOjo: 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 9:41am On May 16, 2019 |
I have already bidded for MTN with my small mite. Let's see how it goes...inserts prayer emoticon |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:41am On May 16, 2019 |
wanaj0:True. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chomzy19(f): 9:44am On May 16, 2019 |
wanaj0:Welcome back Sir! Good to see your post here once more. In my view, they want to use this listing by introduction to drive up the price before the IPO and them dump at a high price on unsuspecting investors during the IPO. 2 Likes |
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