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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11384631 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 8:31pm On May 25, 2019 |
Greetings to the house especially those that have been able to get on the train of MTNN. |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:52pm On May 25, 2019 |
Mpeace: The tunnel was constructed right into the ocean, but many passengers are unaware. The few life jackets are for the crew members, none for the passengers... ![]() Even the engineer that was mentioned, I met him taking pepper soup at home and watching CNBC, while the train was speeding towards the tunnel entrance... ![]() 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:54pm On May 25, 2019 |
rebekah2011: Only Yayira was able to pick some units. You know she is our foreign investor, so I hear ... ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 9:01pm On May 25, 2019 |
Am back ooo I did not fight any one and did not abuse any one ooo na jeje I dey talk oo before the owner of nairaland barred me oo but dey don free me o help me praise God for Church tomorrow. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:12pm On May 25, 2019 |
Union banK saga loading Ex- CBN , two serving Ministers involved |
Re: Nigerian Stock Exchange Market Pick Alerts by Ejprojectmgtech: 7:57am On May 26, 2019 |
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Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 12:54pm On May 26, 2019 |
OBAGADAFFI:It's Union Bank https://theeagleonline.com.ng/fg-begins-investigation-into-2b-atlas-maras-union-bank-shares-fraud/ and everyone already knows that the minister concerned are Mr Enelamah and Mr Udo Udoma, the CBN governor is SLS and the board being investigated is here https://www.unionbankng.com/who-we-are/ubn-leadership/#1499952667925-4795ef3e-cfae (Copied)..... How true us this statement above Hope its not true? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 1:39pm On May 26, 2019 |
ukay2:Do people still own shares in union bank? Anyway, giving the caliber o f people involved, this one is heading for under the carpet. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:58pm On May 26, 2019 |
Please can someone tell me the number of mtn outstanding share before they got listed and their 2018 finally year PAT, with their 2019 q1? I got $672m as their profit in 2018 which is equivalent to #241.92 billion using #360 as exchange rate per a dollar https://thenerveafrica.com/27709/mtn-group-reports-672m-profit-in-2018/ In nairametric article I saw #160b as their assumed PAT, but I want to know their actual PAT. https://nairametrics.com/2019/05/15/how-to-buy-mtn-nigeria-shares-on-the-nigerian-stock-exchange/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:59pm On May 26, 2019 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:27pm On May 26, 2019 |
Chibuking81: https://www.mtn.com/wp-content/uploads/2019/03/Presentation-2018.pdf Any purported report of a corporate organization that is not available on bloomberg.com might not be useful in computational analysis and summary of a company. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 2:28pm On May 26, 2019 |
This is MTN Group. Chibuking81: |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:50pm On May 26, 2019 |
rebekah2011:But did you have idea of 2018 FY PAT of MTNN? The #160 billion mentioned by Nairametric in their article, is it supposed mtnn 2018 FY PAT? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:52pm On May 26, 2019 |
Godlylifeoneart:OK, but did you have little idea of their supposed outstanding share before listing 20 billion in NSE? |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 4:18pm On May 26, 2019 |
Chibuking81: 407m ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 4:31pm On May 26, 2019 |
currentprice: This as MTNN's shares outstanding would have made their EPS, PAT, PE ratio, etc a more interesting read. But they chose to split it into 20bn OS at 2kobo par value (for a coy of MTNN's size and calibre). Why not at least 50 kobo if not N1 norminal value? Who does that @2kobo ![]() I still feel this is where the "wayo" was crafted. Las las market will correct the inflated price. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:18pm On May 26, 2019 |
OakPearl: This is the money minting business of MTNN. 407,000,000/0.2...20b Just like dt... MTNN is minting money in Nigeria. This is why the government is after them coz of d reciprocal effect on the economy. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:45pm On May 26, 2019 |
Mpeace: Sanusi is underfire right now from the government. This might be part of the strategy. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 6:49pm On May 26, 2019 |
OakPearl: Godlylifeoneart: people are buying bones at currentprice. i can only buy mtn below the fairprice not @ or above FP according to my bedsheet 2017, 2018 mtn mkt price was N200 while fairprice was above N2000 ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:53pm On May 26, 2019 |
currentprice:What about 2019? Please clarify this figures before some people who doesn't read or pay attention to details will go and rush to buy thinking you've given fair price for it o. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:58pm On May 26, 2019 |
aremso:Funny. You don popular be that, Spambot don know your moniker. ![]() On a serious note, Seun needs to carry out some upgrade on NL. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:09pm On May 26, 2019 |
currentprice:So you can only buy below 40. Lol. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 7:16pm On May 26, 2019 |
Mcy56: Lol... that price was before the share splitting. mtn hav fairprice of N96 now. I can't even buy at fp but below for margin of safety " I know I cant see mtn buy with my plan. no prob" abeg make pple do own research o, the fp is just my own , mkt have her own as well as market men and women sentiment ![]() ![]() ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:27pm On May 26, 2019 |
currentprice:That's why I said you should speak simple Engrishhh wey we fit understand...... Cos I no get strength to separate fight o. ![]() Fair price is still far below 96naira for some of us here self. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:40pm On May 26, 2019 |
currentprice: 160 billion/ 407 million = 393.12 eps 20 billion/407 million = 49.14, if their initial outstanding was 407 million, that means that they splits each unit into 49.14 unit before they listed it. 49.14 x 90 = #4,422.60. Does it mean that their 1 unit of share is now #4,422.60? 4,422.60/393.12 = 11.25 PE, but according to their report before listing, they stated that their PE was below 1. To get below 1eps, that is 4,422.60/11.25 =384.57. Therefore 384.57/393.12 = 0.98 PE Before listing their share price should be #384.57 And their current Price after the splits should have been #384.57/49.14 = #7.83. Their suppose price should have been #7.83 (against #90 listing and their current #140, this is close to 2000% upward increase ) Meaning that 1 unit of share of #384.57 was duplicated to get #4422.60 (#4,422.60 - #384.57 = #4,038.03) #4,038.03 on top, that's excessive. ( or #7.83 duplicated to get #90 and #140 respectively) Their fair value by #8 eps should be #70 MTN's price earnings (P/E) ratio based on FY 2018 earnings per share (EPS) of N357.87 and its recent market price of N90 confounded a lot of analysts. A P/E of less than one(1.0) for the second largest stock listed on the NSE makes little, if any, sense at all. Dangote Cement (DANGCEM), the Exchange's single largest capitalized stock trades at a price of N185 and a P/E of 8.35. DANGCEM's price to book value is currently 3.04. |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 7:43pm On May 26, 2019 |
OBAGADAFFI:He deserves whatever befalls him now. Himself was a source of grief to many innocent citizens. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 7:54pm On May 26, 2019 |
Mcy56: Lol...someone still threw stones yesterday on the fairprice given on flourmil when price was N30 plus ![]() ![]() though when fairprice or any fundamental is posted here on a stock. that doesn't mean one should buy and close eyes. anything can change in the next quarter even before. Union diag good example ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 8:11pm On May 26, 2019 |
Chibuking81: good that u don't rush buy at the listing day as ur blood rise on that day when u saw d full BID ![]() some guru already saw this before mtn become tradeable on nse price will still go up but that doesn't make it best stock. better stock with bonaza price plenty for market Cc robobo 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:25pm On May 26, 2019 |
currentprice: ![]() ![]() We disagree in order to agree, that is all about research and finding. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:43pm On May 26, 2019 |
Chibuking81:Lol. No discouragement. That's good. As you no kuku see buy when you rushed to buy when listed, you already surrendered to research and findings as the price don go up and coming down again. That's good. This forum ehhnnn. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:01pm On May 26, 2019 |
DaV8King:This got me laughing. Nsempa Ltd indeed. Weh don sir. ![]() Hhmmm, this Loco you nominated ehhnnn, I no gree o cos na entrepreneur he be. You sure say no be hostel we wan invest in? And then he'll tell us he'll be paying us yearly dividends? ![]() By the way, what's the full meaning of SPV? @Deepsuk what's your opinion on this venture? Na Wetin you talk I go follow. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:24pm On May 26, 2019 |
Chibuking81:This is the Chibuking we know. ![]() 1 Like |
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