PETERiCHY:


Do I resemble PA Emma

is this PA Emma?

Peter no go kee person with laugh

onegentleguy:
Thank God we were able to grab some fine opportunities !!

Some folks saw a juicy OPPORTUNITY in some great coys including FCMB, FIDELITY, UBA and ZENITH @ N1.55, N1.60, N5.50 and N18.85 respectively, and were still waiting for them lower... screaming that Nigeria is about to go into extinction.
Some were even waiting for ZENITH @ N13 !!
While some were hoping to get them, perhaps for free !!

Well, UBA and ZENITH closed @ N6.25 and N20.95 today !!

As one of my Oga would say; Yanzu za su iya saya su mafi girma. Abin duniya !!

Chairman sir, I sent you a mail. Please reply. I need to learn at your feet.

onegentleguy:
As expected, DANGOTE FLOUR released a very poor result showing a drop accross all key deriavable revenue and earnings line.
Worthy of note, was the quite visible drop in attributable earnings(EPS), ROAE, ROAA, RoIC, GROSS MARGIN, PAT MARGIN and EBITDA MARGIN.
For context, the group saw EPS drop by near 108% from N291.3 in FY 2017 to a negative position of 22.87k in 2018.
Again, a negative print in RE also ensured that shareholders will have to wait and hope for their next cashflow return(dividend) in 2019 and none this year.

We have since pointed out these facts and more when we advised a SELL on these coys following the release of their Q3 2018 financial prints.
In general, most FMCGs(with emphasis herein on FLOURMILLS, DANGOTE FLOUR, HONEYWELL FLOUR and DANGOTE SUGAR) has had to suffer from the present WIDE margin of disconnect between the country's key policies and the real side of the economy. ...which has in turn put pressure on their drive for increased sales and created a corresponding strain in their RoIC.
MARGINS decelarated against time at a faster pace than their expected deriavable earnings over the course of 2018.
I don't expect this year to be any much different. Though I see FLOURMILLS(which has a higher mkt share) and maybe DANGOTE SUGAR coming off the yr, 2019 at a slightly better financial posture.
However, I still expect the contraction in margin to continue. ...but gradually abated over the course of 2019 as the stability in the fx space and the recent 50bps cut in interest rate by the CBN helps aid their flow of liquidity and ease the current squeeze in sales and deriavable earnings.
On that backdrop, their H1 2019 results will show the way.

Using a mix of valuation models, all coys are presently selling at a premium to their current market price.
FLOURMILLS though, is the better off amongst them given that the current price is near my N16.5 FVE.
For those presently in but are looking to play these stocks in the short term, I have a sell recommendation. Infact, except ur investment horizon is of the long term, its best to watch these coys from the side line. ...at least for now.
I recall I did advise a sell on them after their Q3 2018 results were released.

CAVEAT: NOT to be depended upon as an outright recommendation. Due diligence still applies.
My advise: Pls follow ur instinct.

onegentleguy post=78797424:


"I know of a man who was 'drowned in the vicissitudes of the Stock market'. ...his pathways was built around the PAST than the future.
...until the PRESENT left him behind !!"
~Sinclair

Regards.

PETERiCHY:



"Without the PAST, there is no PRESENT or FUTURE"-Benjamin Franklin

That means u probably didn't understand the post.
Look @ the part in bold and try to align it with the full context of the quote. Note the use of the word "than", in the clause... "his pathways was built around the PAST than the future."
In retrospect, its not that u should'nt recall or make reference to the past, but u should'nt FOCUS too much on it.
...otherwise, the PRESENT will leave u behind and u'll miss out on the future.(building/increasing ur gains/ROI)

U seem to me like someone with a healthy cashflow to play around with. ...but whether in fact, u can do that effectively is a different ball game. I'll suggest u define u and plot a workable strategy that'll be unique to u.

FOCUS more on the PRESENT my dear.
But if u wish to continue to wallow in the past, then be my guest !!

As for the FLOURMILLS coy u mentioned, perhaps the post above might be of help.
That coy is presenting u with a great gift @ current market price. But only he who can spot the VALUE beyond that price can see it !!
We shall revisit when the time is right.

Cheers.

Mcy56:

Lol. No mind him. E pain am as Zenith bus zoom off.

No be this NEXT LEVEL era
Zenithbk that will still come to beg us #11 junction.
Go and mark it.

In STOCK MARKET on the long run 90% ends up Losing their fund. 6% are lucky to break even while ONLY 4% actually GAINS.

NEWBIES TAKE NOTE.!

PETERiCHY:
In STOCK MARKET on the long run 90% ends up Losing their fund. 6% are lucky to break even while ONLY 4% actually GAINS.

NEWBIES TAKE NOTE.!

Good one.

Small bull today and everyone is shouting already?

Lol. The probability for a downside is still higher than an upside. Nothing has changed. Trade with caution.

GonFreecss1:
Small bull today and everyone is shouting already?

Lol. The probability for a downside is still higher than an upside. Nothing has changed. Trade with caution.

Bros.you still never missed the bull o if na cry you dey cry.

chibjohn:

Chairman sir, I sent you a mail. Please reply. I need to learn at your feet.

My dear na small boy I be oo !!
We are all learning from each other.

Mcy56:

Mendes don't forget you're owing me, you remembered the talk on MTN reversing and other stocks?

Has MTN reversed yet?

Wait till MTN start hitting full offer, then you can revert back and tell me the effect on other stocks.

PETERiCHY:
No be this NEXT LEVEL era
Zenithbk that will still come to beg us #11 junction. Go and mark it.

Issorite! ...and if it doesn't get there?
Pastor Ihedi come oo.

locodemy:


Bros.you still never missed the bull o if na cry you dey cry.

Lol. Perspective is a good thing sir. A healthy financial market should have a balance of bulls and bears, I am currently a bear because of certain conditions.

Mcy56:

Issorite! ...and if it doesn't get there?
Pastor Ihedi come oo.

Darling, I have called the Chef, we are having a special dinner tonight.

mendes911:
Has MTN reversed yet?
Wait till MTN start hitting full offer, then you can revert back and tell me the effect on other stocks.

Oga Mendes we no talk full offer before o, me and you know say it can't be on full offer for now na. Reverse na reverse o.
Chai! I love the percentage gains by the stocks that matters today. When last have some of them gain 3% talkless of 9 or 10%?
ETI 10%, UBA 9.65%, Access 9.48%, UACN 9.45%, Zenith 9.11%, etc.
The bull will likely extend beyond today.

Make una happy small for people already in the market... Not all this doom saying!

If you are yet to enter try and get in by Thursday, but for now make una allow us enjoy the bull run

Mcy56:

Wetin Una dey uninstall?

Na that our small chemist (uniondac)lol. Auto correct wicked oh.

Mcy56:

Oga Mendes we no talk full offer before o, me and you know say it can't be on full offer for now na. Reverse na reverse o.
Chai! I love the percentage gains by the stocks that matters today. When last have some of them gain 3% talkless of 9 or 10%?
ETI 10%, UBA 9.65%, Access 9.48%, UACN 9.45%, Zenith 9.11%, etc.
The bull will likely extend beyond today.

Access sweet me bad. As I just dey prepare to start mh for the stock, e start to move. Mh postponed.

GonFreecss1:
Darling, I have called the Chef, we are having a special dinner tonight.

Issorite my luv, can't wait cos I don dey happy mood already.

Mpeace:
Na that our small chemist (uniondac)lol. Auto correct wicked oh.

I knew. Just used style to call your attention to it.

Mpeace:
Access sweet me bad. As I just dey prepare to start mh for the stock, e start to move. Mh postponed.

Lol.

onegentleguy:

The screen shot below should answer ur question.
Cheers.

stcool:
Make una happy small for people already in the market... Not all this doom saying!

If you are yet to enter try and get in by Thursday, but for now make una allow us enjoy the bull run

My dear did u say Thursday? ...that means u are probably assuming that the market will be closed tomorrow.(Wednesday)
On the contrary, I believe the NSE should be open for business tomorrow.
The next line of market holidays shall be the Id el Fitri celebrations on the 4th and 5th of June and also the supposed democracy day on the 12th of June.

Pls refer to the post above for clarity.
According to the screenshot, the NSE made NO reference to May 29th as a public holiday.
The only recognized holiday this month was that of May 1st(Labour day)
So unless there's a last minute change, the market should be live and kicking tomorrow.

Salah.

PETERiCHY:


Do I resemble PA Emma

You are a big clown ,Peter

onegentleguy:



My dear did u say Thursday? ...that means u are probably assuming that the market will be closed tomorrow.(Wednesday)
On the contrary, I believe the NSE should be open for business tomorrow.
The next line of market holidays shall be the Id el Fitri celebrations on the 4th and 5th of June and also the supposed democracy day on the 12th of June.

Pls refer to the post above for clarity.
According to the screenshot, the NSE made NO reference to May 29th as a public holiday.
The only recognized holiday this month was that of May 1st(Labour day)
So unless there's a last minute change, the market should be live and kicking tomorrow.

Salah.

The Federal Government of Nigeria has declared Wednesday 29th May, 2019 as Work-Free Day to mark the 2019 presidential inauguration.

Our office and the Nigerian Capital Market will be closed in observance of the holiday, and will reopen on Thursday 30th May, 2019.

We wish you a Happy Work-Free Day in Advance.

Regards,

MorganCapital Group

IHelp:


The Federal Government of Nigeria has declared Wednesday 29th May, 2019 as Work-Free Day to mark the 2019 presidential inauguration.

Our office and the Nigerian Capital Market will be closed in observance of the holiday, and will reopen on Thursday 30th May, 2019.

We wish you a Happy Work-Free Day in Advance.

Regards,

MorganCapital Group

Thanks for the update !!
Great to have a day off the market to rest, reset, and plan before Thursday.

To all of us, happy work free tomorrow !!

Regards

GonFreecss1:


Lol. Perspective is a good thing sir. A healthy financial market should have a balance of bulls and bears, I am currently a bear because of certain conditions.

If you want to see and catch a bull ish market, behave like one. Lol.

onegentleguy:


My dear na small boy I be oo !!
We are all learning from each other.

Please let me learn from you. I am an intending investor and need all the knowledge I can get from masters like you.

Mcy56:

Oga Mendes we no talk full offer before o, me and you know say it can't be on full offer for now na. Reverse na reverse o.
Chai! I love the percentage gains by the stocks that matters today. When last have some of them gain 3% talkless of 9 or 10%?
ETI 10%, UBA 9.65%, Access 9.48%, UACN 9.45%, Zenith 9.11%, etc.
The bull will likely extend beyond today.

You keep quoting yourself wrongly. Has MTN reversed?

mendes911:


Once MTN join, the bear run will get stronger across all stocks.

Mcy56, this is my post you have been referring to. Has MTN joined the bear run?

Coolcash1:


Nothing yet. Though they confirmed receipt and validation of my e-div mandate form by my bank. The remaining hurdle is signature lodgement confirmation which my broker has transmitted to cscs for further transmittal to them. I have called CSCS and sent an email to them to confirm if they have sent it to the registrar which they are yet to respond. I will continue to follow up and update the house...

Finally, after much effort, wahala and series of visit to the registrar's office and submission of documents, i have finally being paid my Access-Diamond cash consideration...

Help me praise God...Victory at last...

@ukay2 @austinkenneth have you guys too been paid?

Deadlytruth:

If you want to see and catch a bull ish market, behave like one. Lol.

Lol. Okay sir.

Mcy56:

Issorite my luv, can't wait cos I don dey happy mood already.

Nice.

The champagne has been cooling on the ice.