bigjay01:


Ok na,
High court will overrule magistrate court (lower court)

debeey87:
How can one calculate Break Even Price for a stock without using the option provided on Morgan. I have some stocks I bought with another broker at a higher price but averaged down using Morgan. Want to be able to set an exit of at least 50% once the price hits the BEP.

locodemy:
If this news is reliable,I think a lot of stocks can do 10% today and Wapco can do another 10% tomorrow based on general market positive divergence.

Let's continue to enjoy.

onegentleguy:
......and what u know, is not far from the truth.

debeey87:
How can one calculate Break Even Price for a stock without using the option provided on Morgan. I have some stocks I bought with another broker at a higher price but averaged down using Morgan. Want to be able to set an exit of at least 50% once the price hits the BEP.

rebekah2011:
This is not Oga Loco that I used to know.

onegentleguy:


On the 2nd part in bold; Yeah right... I agree with u.
...but on the 1st part in bold; Do u truly really think so?

It's alright then.

PharmAlfred:


Nothing is certain chief. We just draw inference from couple of market tools, data, and general outlook. I might be very wrong. Monitoring the way people throw huge offers when you anticipate bull on wapco gives some insight.

onegentleguy:
BETWEEN WAPCO AND THE QUEST FOR REWARD...

Some folks will sell off their WAPCO and we shall proceed to march forward.
Unless u know not how to thoroughly interpret a coys financial statement, there are plenty of positives in the company's 2019 YE financial print.
Some key takeaways:

• The group witnessed a remarkable jump accross several key revenue and earnings line. ...with AGPR, AER, EV, ROAA ROAE and EM all showing appreciable improvement.
• The company is currently well hedged against Fx related risk... with a no less than 21% support cushion away from a devaluation.
...the interpretation of this is that unless there's a >21% run in Fx devaluation(on the Naira against the $ and other key currencies), WAPCO is immune to currency risk.
• The 3 yr PTR(pioneer tax relief) will likely add over 11B to the group's purse.
• The coy also currently enjoys a favourable grant from the FG via the CBN/BOI at below-market interest rate.
• The merger with one of its subsidiary(Larfage Readymix), a part of the in-house innovative drive by management is expected to save cost of near 2B and boost overall earnings by circa 10-13%.
...management also did well to supplement that with a cut down on admin expense and other opex line by circa 29.3% and 31.5% respectively.

However, I am curious to know more about the company's benefit from its JV asset with CBI(continental blue inv, Ghana) wherein it owns a 35% majority stake.
The group recently granted a $1.39M loan to CBI(a coy with interest in development, financing and operation of cement grinding plant in Ghana) @ an interest rate of LIBOR(1 yr) + 11% p/a, with due date to yr 2023.
CBI Ghana is not a quoted company.
LARFAGE reported the loan @ NAFEX rate in their result, and guided that it earns interest from it on a monthly basis.(NTS in view)

That said, the coys report card shows lots of potential for inherent REWARD and less downside for RISK.

In investing in this coy, the KEY things I was looking out to see, is that magt did infact learn from their misfortunes between 2016 to mid 2018, and is working to ensure a non-repetition on them.
If LARFAGE were to snap it off from their past woes and grow having made worthy moves(delaveraging efforts, key divestiture etc) to a great point of inflection, then there was need to set in motion a good mechanism to;

1) OPTIMIZE COST(both from their expense and interest bearing line)
2) BE INNOVATIVE so recent efforts on restructuring can yield the needed fruits.
3) GROW EARNINGS.

How have they(management) faired on all 3 lines?
Well, looking at their FY 2019 FP, I'd score them a 7 on a scale of 1 to 10.

More work needs to be done though.
The report highlights clear possibilities of a great REWARD for a mid to long term investor.

HOLD !!

DISCLAIMER: NOT an investment advise. ...due diligence still applies as always.

Selah

rebekah2011:
Arhhhhhh. This is COVID-19 induced purchase. I will wait for my Ogas to help you dissect and fashion a way out.

locodemy:


What of a whole peterichy that despised the caution/ red flag given by pa Emma on Uacn few days ago and he proudly grabbed a copy yesterday for the sake of dividend and unbundling.

Leave the capoil guy alone.Afterall he hasn't paid any school fees before.

freeman67:


Since you do not want to use Morgan's what you will have to do is to get the purchase prices of the said shares as it was bought at interval. Write down them down, write down the total amount spent on charges at those interval. Calculated the amount you intend to sell and get the selling charges that amount/quantity.

Add the total amount you bought that set to the buying and selling charges. Divide it by the number of shares. The amount you are to sell to avoid any loss will show.


So if you bought it 5 times at 5 different amounts..just calculate each set you bought that way add them together then divide it with the total amount of that shares you have.

emmanuelewumi:



Not only Caverton. Did you read the report from caverton. About 4 operators were given permission by the ministry of Aviation and NCAA. They are under essential services

sellydion:
Dangsugar on full bid too

Etimnaic:
Guys please is UBA a wise choice at 5.5, or do I want for it to dip?

onegentleguy:


Like I said; the matter is a very minor one.
...It will be resolved in earnest !!

CAVERTON remains a strong BUY. ...in fact, accumulate !!

It is well.

lexy2lexy:
Please which website is the best to monitor live transactions in NSE? Do I need to register

PETERiCHY:
we expect investors’ reactions to remain positive in the near term. Our last communicated fair value estimate was NGN26.22/share. Our estimates are under review.
BARGAIN HUNTERS TAKE NOTE!

lexy2lexy:
Please which website is the best to monitor live transactions in NSE? Do I need to register?

sellydion:
@rebekah, My bros you don see your WAPCO now?

sellydion:
Dangsugar on full bid too

billtommy:
So, this drives up the price of the stock?

PETERiCHY:


That means you have sold the millions UACN units you acquired at N7.50. at a loss again : it's time to go village and appease the gods.

Since last year Nov this my 4th trip on UACN. What is happening now is simply shaking out weak hands afterwards the SPEED JET will ZOOM OFF to N9 junction before refuelling.

BARGAIN HUNTERS TAKE NOTE

rebekah2011:
My Wapco ke? I don't have a unit of the stock ooo. My target is Dangote Cement when I have money.

PETERiCHY:


Better wait for DANCEMENT sub @N100
It's from that junction vex go catch Alhaji afterwards he go release his BULLION VANS.

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
GTB: 63M+ traded so far, price is yet to move.
Guess those that ran out are trying to jump back in, thus holding the price till they're done. Money speaks!
another 10M added to make it 73M+.................

maishai:
hmmmm, that should bw after he pays #16 div