BrokerHaruna:
Watch out:
The last two days of 2019 will be bullish. Access bank, for instance, will cross 11 naira.

We just de watch you and your ETI & Access Bank!

please remember there are newbies here when making such definite statements!

seyisanya:

Lol i know see who to give updates about my FX journey, na witch ?! Na witch I go come dey tell.. lol

Access ..good for those that were able to buy either new or more to ave down @ 9.40 0r lower ..missed it neva had enough in my account
Hope tomorrow go be like this

Looking into fbnh/Access for balancing porf morrow


I think the oga that said Access is gonna close at 11 was looking @ yr end Nse closing ..the way things are I don't thing bull go come b4 31st tomorrow na last trading day for the yr

bigjay01:


We just de watch you and your ETI & Access Bank!

please remember there are newbies here when making such definite statements!

I no wan laugh abeg…..

EOY Price action
We've gone from things could get worse to things cud get better
- in place of Dec rally , we have Dec Support with prices finding buyers at day lows
- monthly charts shows prices are above monthly open and prev month close (positive)
- prices also above prev weekly close (positive)
- no strong vol to downside , good support for late comers
- if price is below your entry , no biggie , calm
- if ur in profit end , no biggie
- will give a deeper technical analysis update
- let me know wat stocks u want to look at

WOW!

fxuser:


means they wud likely drop FYE much earlier dan prev yrs !

#PaceSETTER

fxuser:
EOY Price action
We've gone from things could get worse to things cud get better
- in place of Dec rally , we have Dec Support with prices finding buyers at day lows
- monthly charts shows prices are above monthly open and prev month close (positive)
- prices also above prev weekly close (positive)
- no strong vol to downside , good support for late comers
- if price is below your entry , no biggie , calm
- if ur in profit end , no biggie
- will give a deeper technical analysis update
- let me know wat stocks u want to look at

Ex: non banks
Wapco
ranging btw 13 low to 14 high
all dat shake and bake na support plays and takes out weak hands et al
close below 13 is where u want to worried since its an area where buyers have shown interest

DangCem
- back and forth its not making lower weekly closures like MTN
- price ranges above and below N140 , never really going far in any direction (range tinz)
- call it eoy rebalancing , price action is simply ongoing bottoming , like Nbrew (see weekly charts)
- good for index

#cementExample

lancee:
Access ..good for those that were able to buy either new or more to ave down @ 9.40 0r lower ..missed it neva had enough in my account
Hope tomorrow go be like this

Looking into fbnh/Access for balancing porf morrow


I think the oga that said Access is gonna close at 11 was looking @ yr end Nse closing ..the way things are I don't thing bull go come b4 31st tomorrow na last trading day for the yr

nice

fxuser:
EOY Price action
We've gone from things could get worse to things cud get better
- in place of Dec rally , we have Dec Support with prices finding buyers at day lows
- monthly charts shows prices are above monthly open and prev month close (positive)
- prices also above prev weekly close (positive)
- no strong vol to downside , good support for late comers
- if price is below your entry , no biggie , calm
- if ur in profit end , no biggie
- will give a deeper technical analysis update
- let me know wat stocks u want to look at

Thanks. Could you speak on the fllw

- Julius Berger
- Guinness
- Conoil
- Seplat
- Okomu

Tnks

fxuser:
EOY Price action
We've gone from things could get worse to things cud get better
- in place of Dec rally , we have Dec Support with prices finding buyers at day lows
- monthly charts shows prices are above monthly open and prev month close (positive)
- prices also above prev weekly close (positive)
- no strong vol to downside , good support for late comers
- if price is below your entry , no biggie , calm
- if ur in profit end , no biggie
- will give a deeper technical analysis update
- let me know wat stocks u want to look at

ZENITH

Christ !! ...so many pages to read from to catch up.
Didn't expect this much.
Thought the holiday season would mean that most folks will take a break.

Indeed money seem to matter more !!

onegentleguy:
Christ !! ...so many pages to read from to catch up.
Didn't expect this much.
Thought the holiday season would mean that most folks will take a break.

Indeed money seem to matter more !!

That PZ result na Tsunami ooo

BAMOFIN1:
Dear Mr Ogg,
As one who has read every of your prolific contributions on Nsempa, spanning 67 pages, your silence in the last six days is noticed. Please we need you on this thread. Best wishes Sir.

Toluway:

1 took note yesterday. Please OGG, 99% pf us need you here, for your passionate, open and direct contributions. Please do not abandon us because of little skirmishes with the elite. No one is perfect. I am already missing you.

Am cool folks !!
...just took a little more time out to relax and put body and soul together.

It is well.
Regards

Jejebabaa:
That PZ result na Tsunami ooo

Welcome back, boss! I missed your stocks in-depth analysis.

onegentleguy:
Christ !! ...so many pages to read from to catch up.
Didn't expect this much.
Thought the holiday season would mean that most folks will take a break.

Indeed money seem to matter more !!

yok:
DAILY STOCK MARKET GUIDE FOR 30 DEC

Our stock picks for 2020, continues with the addition of GTB. For 1st qtr 2020 the stock is not likely to advance in price as it is in Elliot wave 4 on short and long timeframes! #Next year the men will be separated from the boy’s in the stock market as many equities are in long term wave 4. Do you want to avoid making losses in 2020? You have to start doing something to improve the odds in your favour.

From our MSCI corner, the fund reported purchase of 4.5million units of Transcorp last week, can this save MSCI from the bears, not yet.
See

our expected result for November 2019 period end for PZ, thing likely not yet okay for the company.

Our stage analysis now contain the long term Elliot wave position for all the major equities. With this report knowing where to put our money is easier.

Happy new year in advance to all.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Hmmm....You sure say no "expo" for this your PZ projection?

Scanning through most past post, I observed that the talking point here and a few other key forum I belong to has been the recent news sorrounding coys in the cement business segement, particularly DANGOTE CEMENT.
I see there are worries over;
● The proposed reverse stock split and share repurchase scheme with DANGOTE CEMENT,
● The recent turnaround of the path to resurgence of earnings and growth trajectory with LARFAGE WAPCO and if it can be sustained
AND
● The recent wave of mergers(kalambania and obu in view) surrounding CCNN.

The PUZZLE is in which amongst the 3 coys presents a better route to VALUE !!(risk-reward margin in view)

Ealier today, someone asked me a pivotal question in one of the telegram forum I belong to.
He said; If u had N14M to invest in this sector, which would u choose to buy between a 100,000 unit of DC, 1M unit of WAPCO or little less than that in CCNN given their current market price?
What is the best route for one looking to maximize returns from both a possible cap appreciation and dividend cashflow reward?

I see the honest quest for answers to what I call corporate governance puzzles with all 3 coys.
Some folks are worried about WAPCO given the recent resignation and immediate employment of its former CEO/MD by DC, but in truth, while there a few worries with all 3 coys, there is even more with DC.
With DANGOTE CEMENT, puzzles like;

1) Why is the company embarking on the duo(2) proposal of a share repurchase scheme and a reverse stock split(I observed that folks have paid less attention to this line) at a time that it has a free float difficiency?
...what could possibly be the motive behind it all?
2) What are the likely merits(feasible reward) and demerits(inherent risk) to the proposal and how best can u weigh them?
3) Are there really any benefit with the proposal to a minority shareholder?
4) Does the PE investor, South Africa's PIC still hold its 1.5% stake(following the $289.3M investment in 2013), and who currently represents it on the board of DC, after the former rep, Mr Fidelis Madavo, a non-executive director resigned towards the end of Nov, 2019, following his supposed role and resultant trial in a 4.3B rand Ayo transaction scam in South Africa?
5) Why was the closed period(a process which restricts insiders from trading in the shares of a coy prior to a sensitive corporate governance announcement) originally scheduled to hold between Nov 20th to Dec 6th cancelled?
6) Why has the share price underperformed since the said announcement despite the seeming euphoria sorrounding the company?

I shall attempt to supply answers to these 6 questions and many more later today !!

Salah

We are on ETI train ooo. Hope no cause for alarm...lol

bigjay01:


We just de watch you and your ETI & Access Bank!

please remember there are newbies here when making such definite statements!

So Glad you're back @OGG.

This place has been dull without you.

MTN in the news again.
https://www.moneyweb.co.za/news/companies-and-deals/mtn-reviewing-allegations-after-being-named-in-us-complaint/


MTN reviewing allegations after being named in US complaintThe complaint alleges several firms, including MTN, violated the US Anti-Terrorism Act.

South African telecoms firm MTN on Monday said it was reviewing allegations raised in a US complaint which accuses several firms of paying protection money to extremist groups in Afghanistan.

The complaint was filed in the United States District Court in the District of Columbia on Friday.

It alleges the firms violated the US Anti-Terrorism Act by paying protection money to al Qaeda and the Taliban, thereby providing material support to known terrorist organisations.

It seeks damages on behalf of US military members and civilians killed or wounded in Afghanistan between 2009 and 2017.

“MTN is reviewing the details of the report and is consulting its advisors but remains of the view that it conducts its business in a responsible and compliant manner in all its territories,” the company said in a statement.

The complaint follows investigations by a group of large Washington-based law firms and allege firms provided “material support” to known terrorists leading to numerous US injuries and deaths, according to a statement by the law firms involved.

MTN spokeswoman Nompilo Morafo said the company could not yet respond directly to the specific allegations in the report as it was still going through the details.

“We cannot comment further than what we’ve said in the statement. We want a chance to review the allegations. We only received the suit on Friday and we’re still going through it. I also can’t confirm how long it’s going to take,” Morafo said.

MTN is Africa’s largest mobile operator and eighth biggest in the world with 243.7 million subscribers. It has previously faced scrutiny over its Iranian operations.

In February a former South African ambassador to Iran was arrested on charges that he took a bribe to help MTN win a $31.6 billion licence to operate there.

The company has also faced costly disputes over unregistered SIM cards, tax and dividend repatriation in Nigeria.

millennium2012:
So Glad you're back @OGG.

This place has been dull without you.

I'd rather say its been active and 'bubbling'.
But thanks for the compliments though !!

Regards

onegentleguy:
Scanning through most past post, I observed that the talking point here and a few other key forum I belong to has been the recent news sorrounding coys in the cement business segement, particularly DANGOTE CEMENT.
I see there are worries over;
● The proposed reverse stock split and share repurchase scheme with DANGOTE CEMENT,
● The recent turnaround of the path to resurgence of earnings and growth trajectory with LARFAGE WAPCO and if it can be sustained
AND
● The recent wave of mergers(kalambania and obu in view) surrounding CCNN.

The PUZZLE is in which amongst the 3 coys presents a better route to VALUE !!(risk-reward margin in view)

Ealier today, someone asked me a pivotal question in one of the telegram forum I belong to.
He said; If u had N14M to invest in this sector, which would u choose to buy between a 100,000 unit of DC, 1M unit of WAPCO or little less than that in CCNN given their current market price?
What is the best route for one looking to maximize returns from both a possible cap appreciation and dividend cashflow reward?

I see the honest quest for answers to what I call corporate governance puzzles with all 3 coys.
Some folks are worried about WAPCO given the recent resignation and immediate employment of its former CEO/MD to DC, but in truth, while there a few worries with all 3 coys, there is even more with DC.
With DANGOTE CEMENT, puzzles like;

1) Why is the company embarking on the duo(2) proposal of a share repurchase scheme and a reverse stock split(I observed that folks have paid less attention to this line) at a time that it has a free float difficiency?
...what could possibly be the motive behind it?
2) What are the likely merits(feasible reward) and demerits(inherent risk) to the proposal and how best can u weigh them?
3) Are there really any benefit with the proposal to a minority shareholder?
4) Does the PE investor, South Africa's PIC still hold its 1.5% stake(following the $289.3M investment in 2013), and who currently represents it on the board of DC, after the former rep, Mr Fidelis Madavo, a non-executive director resigned towards the end of Nov, 2019, following his supposed role and resultant trial in a 4.3B rand Ayo transaction scam in South Africa?
5) Why was the closed period(a process which restricts insiders from trading in the shares of a coy prior to a sensitive corporate governance announcement) originally scheduled to hold between Nov 20th to Dec 6th cancelled?
6) Why has the share price underperformed since the said announcement despite the seeming euphoria sorrounding the company?

I shall attempt to supply answers to these 6 questions and many more later today !!

Salah

grab popcorn

onegentleguy:
Scanning through most past post, I observed that the talking point here and a few other key forum I belong to has been the recent news sorrounding coys in the cement business segement, particularly DANGOTE CEMENT.
I see there are worries over;
● The proposed reverse stock split and share repurchase scheme with DANGOTE CEMENT,
● The recent turnaround of the path to resurgence of earnings and growth trajectory with LARFAGE WAPCO and if it can be sustained
AND
● The recent wave of mergers(kalambania and obu in view) surrounding CCNN.

The PUZZLE is in which amongst the 3 coys presents a better route to VALUE !!(risk-reward margin in view)

Ealier today, someone asked me a pivotal question in one of the telegram forum I belong to.
He said; If u had N14M to invest in this sector, which would u choose to buy between a 100,000 unit of DC, 1M unit of WAPCO or little less than that in CCNN given their current market price?
What is the best route for one looking to maximize returns from both a possible cap appreciation and dividend cashflow reward?

I see the honest quest for answers to what I call corporate governance puzzles with all 3 coys.
Some folks are worried about WAPCO given the recent resignation and immediate employment of its former CEO/MD to DC, but in truth, while there a few worries with all 3 coys, there is even more with DC.
With DANGOTE CEMENT, puzzles like;

1) Why is the company embarking on the duo(2) proposal of a share repurchase scheme and a reverse stock split(I observed that folks have paid less attention to this line) at a time that it has a free float difficiency?
...what could possibly be the motive behind it all?
2) What are the likely merits(feasible reward) and demerits(inherent risk) to the proposal and how best can u weigh them?
3) Are there really any benefit with the proposal to a minority shareholder?
4) Does the PE investor, South Africa's PIC still hold its 1.5% stake(following the $289.3M investment in 2013), and who currently represents it on the board of DC, after the former rep, Mr Fidelis Madavo, a non-executive director resigned towards the end of Nov, 2019, following his supposed role and resultant trial in a 4.3B rand Ayo transaction scam in South Africa?
5) Why was the closed period(a process which restricts insiders from trading in the shares of a coy prior to a sensitive corporate governance announcement) originally scheduled to hold between Nov 20th to Dec 6th cancelled?
6) Why has the share price underperformed since the said announcement despite the seeming euphoria sorrounding the company?

I shall attempt to supply answers to these 6 questions and many more later today !!

Salah

Welcome back sir.
Please I need the link to your telegram group.
Thanks.

Northeastern:
There are many threads on the US market.

https://www.nairaland.com/2460429/us-stock-market-even-playing/15#65783068

You guys can revive the one above. I find it most useful because it lays out how to go about investing in the US market with contributions from actual investors

I agree. This thread should be revived for those interested

Thank you Oga OGG,

There is no problem with the reverse split, the % of your holdings with be same only that the units will reduce and the price will go higher.
Buying back a company's shares is a good move, when you see your company undervalued, please buy back the shares and cancel it.
Dangote Cement is involved in road constructions, so demand will be for their products.
Dangote is only competing with itself. The figures from all the other cement coys in Nigeria can be compared with the company. The margin of profit of the company is also very high when placed side by side with others.
In the explanatory notes the company put out, the shareholders' holdings structure information has more information than the 2018 audited accounts could provide.
Your point 5 is really a concern as you pointed out. But NSE has never been acting in the interest of the investing public when it comes to proper dissemination of timely information.
Many feel that there are cheaper stocks out there and are refusing to key into it NOW. Dangote Cement is a stock that should not sell for less than N200 currently.
[quote author=onegentleguy post=85349846]

Ekuu mkt o

http://www.nse.com.ng/Financial_NewsDocs/28492_P_Z_CUSSONS_NIGERIA_PLC._FINANCIAL_STATEMENTS_DECEMBER_2019.pdf
Seems the FMCG are in for a tough time.

rebekah2011:
Thank you Oga OGG,

There is no problem with the reverse split, the % of your holdings with be same only that the units will reduce and the price will go higher.
Buying back a company's shares is a good move, when you see your company undervalued, please buy back the shares and cancel it.
Dangote Cement is involved in road constructions, so demand will be for their products.
Dangote is only competing with itself. The figures from all the other cement coys in Nigeria can be compared with the company. The margin of profit of the company is also very high when placed side by side with others.
In the explanatory notes the company put out, the shareholders' holdings structure information has more information than the 2018 audited accounts could provide.
Your point 5 is really a concern as you pointed out. But NSE has never been acting in the interest of the investing public when it comes to proper dissemination of timely information.
Many feel that there are cheaper stocks out there and are refusing to key into it NOW. Dangote Cement is a stock that should not sell for less than N200 currently.

My Pleasure Sir !!

Indeed I understand ur optimism on DANGOTE CEMENT but don't worry, my revert as promised will reveal whether u should be.
...it will be an in-depth and all-touching analysis of the company.
It promises to be a THOROUGH EXPOSE with a follow-up GUIDANCE on how best to play this asset !!

Regards.

All the same, you're welcome back brother.

onegentleguy:


I'd rather say its been active and 'bubbling'.
But thanks for the compliments though !!

Regards

PZ Cussons Nigeria Records Half-Year Loss, Negative EPS
https://businesspost.ng/economy/pz-cussons-nigeria-records-half-year-loss-negative-eps/

Access Bank Begins Closed Period as Board Meets for FY2019 Results
https://businesspost.ng/banking/access-bank-begins-closed-period-as-board-meets-for-fy-2019-results/

Buhari's Critics Making Nigeria’s Debt Looks Big—FG
https://businesspost.ng/economy/buharis-critics-making-nigerias-debt-looks-big-fg/

onegentleguy:


My Pleasure Sir !!

Indeed I understand ur optimism on DANGOTE CEMENT but don't worry, my revert as promised will reveal whether u should be.
...it will be an in-depth and all-touching analysis of the company.
It promises to be a THOROUGH EXPOSE with a follow-up GUIDANCE on how best to play this asset !!

Regards.

Please Sir, share your telegram group with your boys.

Thanks