longlife20:


Revenue drop but EPS went up with 87.87%. This is a very good result, if they can continue in this way, it will be good for the company

Thank you and God Bless you.

Please Nahco and NPF microfinance: Advice But recommendations. Should I buy.
Mr fuxer : TA explaination

Marlianvestor:


Just leverage on both support and overhead resistance level of such stock using its daily volume level to know when to position and exit. Eg Zenith Bank was bouncing along the bottoms for a while last nov/dec 18 circa, with volume rising re. typical Xmas/Yr End rally, I entered the stock 18.30 and exited nicely b4 the anticipated overhead resistance @ 22. Hoping to JIJO again, once the price consolidation is over or better still sub N20.... all before the release its FY results.

Thanks Marlinan. You suddenly came from heavens knows where and talk a lot of sense. Enjoy the weekend.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/28642_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

PAT growth is over 100 %
VITAFOAM The fine art of living

eziokwunwoko:
Please Nahco and NPF microfinance: Advice But recommendations. Should I buy.
Mr fuxer : TA explaination

Both are OK.
Nahco released result toward April, while NPF release toward May
Current price of both
1. NAHCO 2.45
2. NPF 1.13

Q3 EPS
1. NAHCO 48 Kobo, 2019 against 37 kobo, 2018
2. NPF 32 Kobo, 2019 against 21 Kobo, 2018

Dividend history
2017
1. NAHCO 22 Kobo
2. NPF 15 Kobo

2018
1. 25 Kobo
2.17 Kobo

2019
1. NAHCO 25 Kobo
2. NPF 05 Kobo

NPF is cheaper considering their current price, EPS, and dividend history, it was only last year that the pay lower in their dividend comparing with other 2 years. They have impressive q3, and will likely pay up to 15 kobo dividend this year.

Their price is down, because investors are looking for companies that will pay Early dividend, stocks, like UCAP, AFRIPRUDENT, UBA, Zenith bank, E.T.C.
Then toward April, the likes of NPF , Conoil, FO will get attention.

But if you don't want to struggle at the entrance gate toward April, you can enter now and have a nice seat, while waiting for that period. Then you can handover then to the ticket rushers.

With information we are getting from CBN.

Oga Oracle might be right in predictions about the market.

Banks will feel the heat.

Chibuking81:

Both are OK.
Nahco released result toward April, while NPF release toward May
Current price of both
1. NAHCO 2.45
2. NPF 1.13

Q3 EPS
1. NAHCO 48 Kobo, 2019 against 37 kobo, 2018
2. NPF 32 Kobo, 2019 against 21 Kobo, 2018

Dividend history
2017
1. NAHCO 22 Kobo
2. NPF 15 Kobo

2018
1. 25 Kobo
2.17 Kobo

2019
1. NAHCO 25 Kobo
2. NPF 05 Kobo

NPF is cheaper considering their current price, EPS, and dividend history, it was only last year that the pay lower in their dividend comparing with other 2 years. They have impressive q3, and will likely pay up to 15 kobo dividend this year.

Their price is down, because investors are looking for companies that will pay Early dividend, stocks, like UCAP, AFRIPRUDENT, UBA, Zenith bank, E.T.C.
Then toward April, the likes of NPF , Conoil, FO will get attention.

But if you don't want to struggle at the entrance gate toward April, you can enter now and have a nice seat, while waiting for that period. Then you can handover then to the ticket rushers.

How liquid is npf micro finance bank..... How low did it go last year

Northeastern:


Mr accrual, why would you accrue what you don’t pay? Is the taxes paid on the cash flow statement also accrued?

By his submission, taxes paid should not be there. Do you guys know about CITA at all?

.

Thanks for your advice very grateful.(quote author=Chibuking81 post=86105999]
Both are OK.
Nahco released result toward April, while NPF release toward May
Current price of both
1. NAHCO 2.45
2. NPF 1.13

Q3 EPS
1. NAHCO 48 Kobo, 2019 against 37 kobo, 2018
2. NPF 32 Kobo, 2019 against 21 Kobo, 2018

Dividend history
2017
1. NAHCO 22 Kobo
2. NPF 15 Kobo

2018
1. 25 Kobo
2.17 Kobo

2019
1. NAHCO 25 Kobo
2. NPF 05 Kobo

NPF is cheaper considering their current price, EPS, and dividend history, it was only last year that the pay lower in their dividend comparing with other 2 years. They have impressive q3, and will likely pay up to 15 kobo dividend this year.

Their price is down, because investors are looking for companies that will pay Early dividend, stocks, like UCAP, AFRIPRUDENT, UBA, Zenith bank, E.T.C.
Then toward April, the likes of NPF , Conoil, FO will get attention.

But if you don't want to struggle at the entrance gate toward April, you can enter now and have a nice seat, while waiting for that period. Then you can handover then to the ticket rushers.[/quote]

Thanks for your advice very grateful.


(quote author=Chibuking81 post=86105999]
Both are OK.
Nahco released result toward April, while NPF release toward May
Current price of both
1. NAHCO 2.45
2. NPF 1.13

Q3 EPS
1. NAHCO 48 Kobo, 2019 against 37 kobo, 2018
2. NPF 32 Kobo, 2019 against 21 Kobo, 2018

Dividend history
2017
1. NAHCO 22 Kobo
2. NPF 15 Kobo

2018
1. 25 Kobo
2.17 Kobo

2019
1. NAHCO 25 Kobo
2. NPF 05 Kobo

NPF is cheaper considering their current price, EPS, and dividend history, it was only last year that the pay lower in their dividend comparing with other 2 years. They have impressive q3, and will likely pay up to 15 kobo dividend this year.

Their price is down, because investors are looking for companies that will pay Early dividend, stocks, like UCAP, AFRIPRUDENT, UBA, Zenith bank, E.T.C.
Then toward April, the likes of NPF , Conoil, FO will get attention.

But if you don't want to struggle at the entrance gate toward April, you can enter now and have a nice seat, while waiting for that period. Then you can handover then to the ticket rushers.[/quote]

Lots of good advice on this thread

Please House, what do you think about Nacho ? The price volume, and fundamentals appear to be ok, but what about other factors and investors sentiments ? Besides, i might be wrong in my assessment. Thanks in advance

If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

billtommy:
If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

You cannot rely on their own indicator to make any decision
Seriously lagging

billtommy:
If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

Most investment house recommendations get it rights when recommending for big cap, but always wrong on small cap, because small cap have direction of their own. For instance years back when I was expecting the investment house to recommend Dangote flour, Eterna ,Cham plc e.t.c, as they return to profit, I never see such, rather it was us here that recommended and it materialise .

When you have the tools at hand, you don't have to wait for their findings and recommendations, you can use the tools to find, analyze and recommend too. As for Nahco and NPF, their bullish time will come later. At this time people patronize the stocks that do released their result on time, like those that have the history of releasing result on January, February and March, who also close their register between March and April.

It's so because, once they chop their dividend, as company closes their register, or pay themselves by themselves by selling 1 or 2 days before the mark down, them they will channel their loot to the good companies that are yet to release their result, whom their result always surface on April and May.

Jijo work better this earning season, if you know how to play it.

Please am in Anambra, which Stockbroking house is best suited for online trading?
I use Fidelity securities (FSL) and they really lags behind.

billtommy:
If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

What are the reasons they are recommending a sell?
Is it based on TA or FA?

And besides, you must be able to do your analysis yourself if you want to excel in this bussines.
Know what you are looking for and define your objectives.

I am buying NAHCO for different reasons which might not meet investment criteria for another person.
I was looking for a stock in a different sector that has a possibility of giving me about 20% returns in this earning season irrespective of general market direction with emphasis also on capital preservation.....And NAHCO comes in good........

For somebody looking for 100% returns, NAHCO will definitely not be the right one....

Dreamflyin:
Please am in Anambra, which Stockbroking house is best suited for online trading?
I use Fidelity securities (FSL) and they really lags behind.

For now Morgan and CSL .

pluto09:



What are the reasons they are recommending a sell?
Is it based on TA or FA?

And besides, you must be able to do your analysis yourself if you want to excel in this bussines.
Know what you are looking for and define your objectives.

I am buying NAHCO for different reasons which might not meet investment criteria for another person.
I was looking for a stock in a different sector that has a possibility of giving me about 20% returns in this earning season irrespective of general market direction with emphasis also on capital preservation.....And NAHCO comes in good........

For somebody looking for 100% returns, NAHCO will definitely not be the right one....

Stock like Fidelity and FCMB do give 100% capital appreciation, most at time if entered at their 52 weeks low. And give dividend of 10/15% of their earning.

While there are companies that give 50% of their earning, but don't give up to 70% capital appreciation, because their stock price is always within their fair price based on their earning and dividend.

Ordinarily Fidelity and FCMB bank should be at same #4+ price with Afriprudent and above Ucap, based on their earning, but they are always under price because of the dividend they pay. That's why they always move down and up. But anytime they will shift their dividend go 40%. They will move up to their fair price.

Chibuking81:

Stock like Fidelity and FCMB do give 100% most at time, if entered at their 52 weeks low.

Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

pluto09:



Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

Is this risk management really overrated?
Is there a difference between your risk management and 'fear'?

pluto09:



Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

And will likely add more 30/50% before April ending.

But there is no harm in risk management.

Chibuking81:

And will likely add more 30/50% before April ending.

But there is no harm in risk management.

I suspect the bigger moves will come in Q2

Agbalowomeri:


I suspect the bigger moves will come in Q2

Since the FPI are not in the market yet, I expect the market to tank after the earning season....

Chibuking81:

And will likely add more 30/50% before April ending.

But there is no harm in risk management.

And if they add more 30/50 % , I expect some selected stocks in other sectors to do more...

pluto09:



And if they add more 30/50 % , I expect some selected stocks in other sectors to do more. ..

The Fidelity and FCMB respond more in bull season more than the tier 1 banks. For instance if Zenith bank at it current price of #21.95 and UBA of #8.55 move to #33 and #12.80 respectively, which is 50% upward, at that point you will see Fidelity which its current price is #2.20 and FCMB of #1.96, move to #3.74 and #3.33 respectively which is 70% upward.

1. Zenith 52 weeks low was about #16 with current price of #21.95, about 40%+ increase so far
2.UBA 52 Weeks low was about 5.5 with current price of 8.55, about 60%+ increase so far.
3. Fidelity 52 weeks low was about #1.40 with current price of #2.20, about 60%+ increase so far.
4. FCMB 52 weeks low was about #1.4 with current price of #1.96, about 40% increase

When it comes for upward movement, Fidelity and FCMB bank Market Markers (MM) are more good in it. UBA try this year.

Zenith and UBA are better when you come to % given as dividend, while Fidelity and FCMB bank are better in terms of Capital appreciation.

Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

Uchetoba:
Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

Nice information, more research is needed in that regard.
I got this from my findings;
https://www.proshareng.com/news/Public%20&%20Private%20Offers%20%20%20/NPF-Microfinance-Bank-Submits-An-Application-To-NSE-For-Approval-And-Listing-Of-A-Rights-Issue/47005
NPF Microfinance Bank Submits An Application To NSE For Approval And Listing Of A Rights Issue

Thursday, September 12, 2019 / 12:57PM / by NSE
NPF Microfinance Bank Plc (the Bank) has through its Stockbroker, Regency Asset Management Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Billion, Two Hundred and Eighty Six Million, Six Hundred and Fifty Seven Thousand, Seven Hundred and Sixty Six (2,286,657,766) ordinary shares of Fifty Kobo (N0.50) each at One Naira, Fifty Kobo (N1.50) per share, on the basis of one (1) new ordinary share for every one (1) ordinary share held.
The Qualification Date for the Rights Issue is today Thursday, 12 September 2019.


This is purely a red flag, imagine 1 for 1, after the offer their new outstanding share will be ( 2286637766 x 2 = 4573275532 ) meaning that their EPs will be reduce by half, this is robbery. I hate companies with right issues, this is a direct way of diluting the investors share, and make it worthless.

Bonus share is far better than right offer. For some years now apart from likes of cutix, most companies has not given bonus, but instead rob their ordinary shareholders in the name of right offer, thereby making their share value valueless, because not all of them will buy the offer, even if the buy, the buy with additional money.

Uchetoba:
Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

I don't just like this bank, without any reason.....

Uchetoba:
Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

At what price is the right?
And how many units did they offer?

eziokwunwoko:
Please Nahco and NPF microfinance: Advice But recommendations. Should I buy.
Mr fuxer : TA explaination

There is a new development on NPF microfinance, base on new finding about their September proposal of right offer, it's not good for now.

Chibuking81:

Nice information, more research is needed in that regard.
I got this from my findings;
https://www.proshareng.com/news/Public%20&%20Private%20Offers%20%20%20/NPF-Microfinance-Bank-Submits-An-Application-To-NSE-For-Approval-And-Listing-Of-A-Rights-Issue/47005
NPF Microfinance Bank Submits An Application To NSE For Approval And Listing Of A Rights Issue

Thursday, September 12, 2019 / 12:57PM / by NSE
NPF Microfinance Bank Plc (the Bank) has through its Stockbroker, Regency Asset Management Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Billion, Two Hundred and Eighty Six Million, Six Hundred and Fifty Seven Thousand, Seven Hundred and Sixty Six (2,286,657,766) ordinary shares of Fifty Kobo (N0.50) each at One Naira, Fifty Kobo (N1.50) per share, on the basis of one (1) new ordinary share for every one (1) ordinary share held.
The Qualification Date for the Rights Issue is today Thursday, 12 September 2019.


This is purely a red flag, imagine 1 for 1, after the offer their new outstanding share will be ( 2286637766 x 2 = 4573275532 ) meaning that their EPs will be reduce by half, this is robbery. I hate companies with right issues, this is a direct way of diluting the investors share, and make it worthless.

Bonus share is far better than right offer. For some years now apart from likes of cutix, most companies has not given bonus, but instead rob their ordinary shareholders in the name of right offer, thereby making their share value valueless, because not all of them will buy the offer, even if the buy, the buy with additional money.

pluto09:



Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

but how much have they lost reasonably and unreasonably ? Even the greatest wizard is not guaranteed of entering precisely at 52 week low. Some times when guys come up with this argument. I see it as neither here nor there. If a stock can't do 100% to 200% in a season for me its not worth mentioning