onegentleguy:
https://www.legit.ng/1313229-breaking-fg-shuts-nigerian-airports-curb-spread-coronavirus.html

More likely woes for NAHCO and SKYAVN.
....2 of them coys in a sector with a high 1st point of impact from the covid-10 pandemic.

CAVEAT: NOT to be interpreted as an investment advise.

Selah

That means we can buy Nahco at N1 nauw.

ebuka1997:
https://www.ccn.com/us-coronavirus-cases-soar-past-11000/

I just hope US and EU will not bill China for this economic damage they have suffered.

RabbiDoracle:
You like moving stocks rather than finding the next moving stocks

You go sabi chase molue o.

Lol.
Sir, I just posted that for those who may be afraid to enter market, it's still a safe haven for now. 52wks low is N18 and currently trading at circa N22 with dividend of 2.75 and 1:5 bonus issue, I think it's still very okay sha.

sellydion:
Sorry o, bros there is no competion in this market some are looking for home run (2- 10) years some are looking for 10% within 2 days, some would eventually loss money. You are on your own. Even if you take to the advise of the best minds here you are still on your own. What matter is you comfort level both in entry and exit

Exactly, sir. This is what we should be preaching and not increase the fear that is already out there in the world. All man for himself. Follow your plan, study the market, know how to read the "body language" and you'll be fine.

Those losing money are the ones buying high and selling low due to the noise here. If the loss is on paper, you'll be fine las las as far as the stocks are fundamentally sound.

Breadfruit:
Oh wow. Thank you sis. That’s good news

Hope you didn't buy higher than that price.

RabbiDoracle:
Early January 2020, brokers were sending mails to people to invest in NSE and take advantage of the low prices.

Now prices are 50% lower and they are no longer sending mails.

Where are the brokers now?

...they have gone on 'probation'

"The reason why most analysts will sing songs of FEAR, is because they are ready to dance to a different melody of GREED.
...and would also do the opposite to u after 'having u dance to rocks of excitement'.
The key lies with knowing when to draw a thin line between the 2 and adjust ur footsteps accordingly."
~Sinclair

"If u desire to fair well in the stock market , then LISTEN to the 'songs' of the leader herds and analyst alike, but pay more ATTENTION to their dance steps.
...It's a good way to Interpret their 'lyrics and choruses', and an even better way to measure the 'rhythm and heartbeat' of the market."
~Sinclair

RabbiDoracle:


So they are devaluing it for FPIs?

This could be seen as a Sell for some FPIs because they will be wondering how many rates the country will have : CBN official rate, NAFEX rate, black market rates, FPI rate. Do we still have interbank rates or it is now at par with NAFEX rate?

you read my mind perfectly

pus some FPI wld even see it as tokenistic and an opportunity to quickly bail out before a major one is done

Recall that during the 2014/ 2016 d peg was first moved to from 150 / 160 to 190/200 before some few months / abta year later the big move of 200 to 350 was done

stcool:
I mange the ones I have already! We have only spent 3months in 2020

Okay oo.

RabbiDoracle:


Your list don dey thin out.

Papers were "imported", but not much to write with it again.
Peterichy has since "exported" back most of the papers with his dump trucks !!

maishai:
better deals out there, Hotel business will not do well this year due to covid 19, and the government has things to battle other than power problems this year......................I see transcorp going down below 50k.........My opinoin sha

At times NSE doesn't work that way o. Those depressed stocks can spring surprises sometimes. They may even deliver more than the healthy ones self.

onegentleguy:
Papers were "imported", but not much to write with it again.
Peterichy has since "exported" back most of the papers with his dump trucks !!

When the dust settles...China go pay tire!

Oh whole America running Rat Race!

RabbiDoracle:
I just hope US and EU will not bill China for this economic damage they have suffered.

US will certainly find a way to make them pay...

RabbiDoracle:


So they are devaluing it for FPIs?

This could be seen as a Sell for some FPIs because they will be wondering how many rates the country will have : CBN official rate, NAFEX rate, black market rates, FPI rate. Do we still have interbank rates or it is now at par with NAFEX rate?

Am inclined to agree with u !!

However, some of those rates are at best 'ceremonial'
...forget the CBN rate. it has never been a feasible rate !! And yes, I think the interbank rate usually pegs near or @ par to that of NAFEX.
For me, the 2 main Windows are NAFEX and the parallel mkt rate.

I think the CBN may have to converge this current window and others to the one thats mostly in use(nafex)
We await further guideline from the CBN @ the next MPC meeting next week !!

Mcy56:

At times NSE doesn't work that way o. Those depressed stocks can spring surprises sometimes. They may even deliver more than the healthy ones self.

Very true, ma. But such a move is quite risky at this time of volatility. We're in a season whereby even if nah jijo u wan do, make sure say u do am in a fundamentally sound stock. If the door jam after u enter, you will be fine las las else nah many years of kaya b dat ooo

RabbiDoracle:


If people are reduced at the venue, it is even better. Less meatpies and coke.

...yeah, less funds expanded.

onegentleguy:


A good one from JB !!

Let's do a small math;

At today's closing price of N20.20, that script issue of 1 for 5 will compute to approx N4/share(ie 1/5 x 20.20)
Add that to the N2.75 div declaration, and u'll have a sum cashflow of N6.75.
...which equates to over 33% div yield(ie 6.75/20.20 x 100)

So an X amount of money put in this asset today should hitherto return a 0.33x multiple, ceteris paribus.
...and assuming we hinge the 33% yield to a possible price appreciation given the NSE' price cap methodology(10%/day), then I expect a 3 days price rise.(trading/investing instinct in view)
But then again, market sentiment is currently weak, so everything is possible including a price fall.

Away from price consideration, JULIUS BERGER is for the future.(more of mid-term play than short)
As I mentioned during a past analysis here, the coy is presently going through an inflection phase towards growth.
Key indicators shows that current YE FP came in good and above expectation.
Aside the quest to diversify their earnings base, the company is presently on top of very juicy contractual deals accross key states in the country.
In Port Harcourt, Rivers State(2 in Obio-akpo and 1 in PH LGA to be precise), the company is currently executing 3 gigantic fly-over bridges. ...with 70% down payment already secured from the state government.(the gov confirmed this)
Somehow, LARFAGE WAPCO is also a part of the contract.(they are the coy contracted to supply cement).
The duration(of the project) is for 18 months but I expect that the cashflow should begin to reflect in their book starting from this quarter.

...we'll see how things play out next week.

Selah

Mcy56:

Lol.
Sir, I just posted that for those who may be afraid to enter market, it's still a safe haven for now. 52wks low is N18 and currently trading at circa N22 with dividend of 2.75 and 1:5 bonus issue, I think it's still very okay sha.

Yes, JULIUS BERGER is cool @ the current mkt price.
...it best fits in a mid-term play though(refer to post above)

onegentleguy:



Yes, JULIUS BERGER is cool @ the current mkt price.
...it best fits in a mid-term play though(refer to post above)

And JB finally got the attention it deserved during trading hours today!

Guys be careful of open positions in the financial market.

Options expire today for the month of March.

We might see awesome gaps over the weekend.

All the best!

seyisanya:
Very true, ma. But such a move is quite risky at this time of volatility. We're in a season whereby even if nah jijo u wan do, make sure say u do am in a fundamentally sound stock. If the door jam after u enter, you will be fine las las else nah many years of kaya b dat ooo

Very true.
Thanks for the reminder sir.

Mcy56:

Lol.
Sir, I just posted that for those who may be afraid to enter market, it's still a safe haven for now. 52wks low is N18 and currently trading at circa N22 with dividend of 2.75 and 1:5 bonus issue, I think it's still very okay sha.

Recession never help construction company, because during recession government will put capital project on hold, but will concentrate on wage bill of workers. The current occurrence will heavily affect the constructions firm in q1 and q2 this year.

If the price of crude oil remains down up till May, most Nigeria state will find it difficult to pay their state workers, FAAC meeting two days ago ended in deadlock. This is sign of looming financial crisis. Having study the movement of things the crude price will likely touch $20, even blow.

Euro - Dollar needs to close far below 1.0694 for it to get oversold for the year 2020.

Keep your eyes on the Euro. Once it gets oversold, the trouble in the financial market will be over.

Canada Prepares Multi-Billion Dollar Bailout For Its Oil Industry
.
..
...
https://oilprice.com/Energy/Crude-Oil/Canada-Prepares-Multi-Billion-Dollar-Bailout-For-Its-Oil-Industry.html

meshpips:
Euro - Dollar needs to close far below 1.0694 for it to get oversold for the year 2020.

Keep your eyes on the Euro. Once it gets oversold, the trouble in the financial market will be over.

It has started already. The euro index has been broken today. Same way the USD index got broken today.

So their fall have started.

I think it is because of the massive stimulus in the market.

This world go sweet o. If you open tap, money go dey flow out. Excess liquidity.

meshpips:
Guys be careful of open positions in the financial market.

Options expire today for the month of March.

We might see awesome gaps over the weekend.

All the best!

Yeah. A gap up in my opinion. Not a gap down.

seyisanya:
Canada Prepares Multi-Billion Dollar Bailout For Its Oil Industry
.
..
...
https://oilprice.com/Energy/Crude-Oil/Canada-Prepares-Multi-Billion-Dollar-Bailout-For-Its-Oil-Industry.html

There will be serious job losses in that oil sector.

Hospitality and tourism is another sector that will have lots of job losses. They will need to be seriously bailed out.

longlife20:
zenithbank has sold over 1.669billion shares from 11th March 2020 till date, why guaranty has sold over 1.054billion shares for the same period. what zenith sold for 7days is on the average what they normally sell for a month and guaranty for two months. some are still afraid to buy at this price and some are busy buying. las las we will know who took the best decision.

you are very correct, one should just keep buying ooo.

stcool:
When the dust settles...China go pay tire!

Oh whole America running Rat Race!

Helicopter monies have its own issues o.

So if they don't apply it well, the next crisis will be so severe that even if you are on cash, you will be clueless on where to hide.

Chibuking81:


Recession never help construction company, because during recession government will put capital project on hold, but will concentrate on wage bill of workers. The current occurrence will heavily affect the constructions firm in q1 and q2 this year.

If the price of crude oil remains down up till May, most Nigeria state will find it difficult to pay their state workers, FAAC meeting two days ago ended in deadlock. This is sign of looming financial crisis. Having study the movement of things the crude price will likely touch $20, even blow.

Some states still have outstanding salaries owed their workers during the last recession.
I don't know how some of them will cope with oil price below $30.

Nice thread

pluto09:



Some states still have outstanding salaries owed their workers during the last recession.
I don't know how some of them will cope with oil price below $30.

With another recession insight. Budget benchmark was $58 when oil was at $70, now oil has kiss $20+ meaning that $50 dollars has been remove. In reality things are not normal, most accidentally injury don't pain immediately, but after the victim has settled down, or might have gotten home. The truth still remain that effect of current trend will heavy on our economic.