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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11412778 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:11pm On May 05, 2020 |
emmanuelewumi:This is also good but I dont just fancy real estate and I cant say why. Real estate doesnt excite me at all, I see it as too pasive and slow in return. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:18pm On May 05, 2020 |
tommyken: You can adapt it to suit your needs and peculiarities. You can also be a portfolio real estate investor through Skye Shelter Funds or UPDC REIT 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Care4: 8:25pm On May 05, 2020 |
emmanuelewumi: Please what are the typical returns from the mentioned REIT and similar RE funds? Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:29pm On May 05, 2020 |
Oil doing so good.
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:37pm On May 05, 2020 |
Care4: Skye Shelter currently selling for N62.00 paid a dividend of N7.00 last year. UPDC currently selling for N3.50k paid a dividend of 58k last year from EPS of 99k. And also bought Kingsway building from UPDC for N3 billion in 2019 wihout getting into debt. UPDC REIT paid a dividend of N900 million to UPDC in 2019. Also paid property management fees of N150 million to UPDC. Not a stock for JIJO, but for cash flow Investors 10 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:56pm On May 05, 2020 |
emmanuelewumi: UPDC REIT doesn't look like it is liquid, zero trades today. |
Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 9:10pm On May 05, 2020 |
emmanuelewumi: 900 million u meant ? |
Re: Nigerian Stock Exchange Market Pick Alerts by gabscity(m): 9:19pm On May 05, 2020 |
ukay2: Bros, that stock is a Northerner ooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Nelson2020: 10:13pm On May 05, 2020 |
Thanks! seyisanya: |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 10:13pm On May 05, 2020 |
seyisanya: See a typical buy contract note... ![]()
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Re: Nigerian Stock Exchange Market Pick Alerts by dunsin125: 10:23pm On May 05, 2020 |
gabscity:Make e go North ooo, up North ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nelson2020: 10:46pm On May 05, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 5:20am On May 06, 2020 |
MACROECONOMIC UPDATE as copied; Key Takeaways from the Citizens Dialogue Session on Government Fiscal Policy Decisions in Response to the Fall in Oil Prices and the COVID-19 Pandemic The Ministry of Finance, Budget and National Planning and the Department for Internal Development (DFID) held a citizen’s dialogue session (earlier today) on Nigeria’s response to the fall in oil prices and the COVID-19 pandemic. The panel was led by the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahamed, who was ably supported by Prince Clem Agba (Minister of State, Budget and National Planning), Mr. Ben Akabueze (DG Budget Office of the Federation), and Lade Jaiyeola (CEO, Nigeria Economic Summit Group). A. Below are some takeaways from the representatives of government 1. Government expects GDP to contract by 3.5% YoY in 2020 2. Oil earnings is now projected to decline by 90.0% in 2020 3. Estimated net oil & gas revenue available for Federation Account Allocation Committee (FAAC) distribution is now forecasted 80.0% lower at N1.1 trillion (vs. N5.5 trillion previously), despite a N649 billion reduction in allowable fiscal deductions by NNPC for federally funded projects/expenditures. Specifically, projected PMS under-recovery has been reduced from N457 billion to zero Oil production now projected at 1.7mbpd (vs. 2.18mbpd previously) Oil prices expected to average $20 per barrel (vs. budget benchmark of $57 per barrel) Average production cost of Nigerian crude has been revised downward to $28 per barrel from $33 per barrel (with implications for Petroleum Profit Tax A severe outbreak of COVID-19 in Nigeria could magnify the impact of low oil price and weaker domestic crude production 4. Customs revenue is now projected at N1.2 trillion in 2020 (vs. N1.5 trillion previously) 5. Amount accruable to VAT pool account now forecasted at N2.0 trillion in 2020 (vs. N2.1 trillion previously) 6. Amount accruable to federation account now projected at N3.9 trillion (vs. N8.6 trillion previously) 7. Projected federal government receipt from federation account for 2020 is now put at N2.4 trillion (compared to N4.8 trillion previously) 8. States and local governments are now likely to obtain N2.1 trillion and N1.5 trillion, apiece, from FAAC (compared to N3.3 trillion and N2.5 trillion, respectively, in previous estimates) 9. Projected N5.6 trillion budget deficit to be financed through privatization proceeds (N126 billion), drawdowns from FGN Special Accounts (c.N260 billion), bilateral/multilateral drawdowns (N387 billion), and new borrowings (N4.6 trillion) 10. Debt service pressure to be eased by significant moratoriums on new loans (IMF’s RFI of $3.4 billion comes with 3 years moratorium) and expected deferrals of current debt service obligations until macro conditions improve 11. As part of measures to alleviate the impact of COVID-19, the government has set up an Economic Sustainability Committee to, among others, assess systemic vulnerabilities and develop programs that would make the expected recession short-lived and ensure sustainable long-term growth 12. Measures are underway to strengthen agricultural value-chain with strategic focus on land acquisition, road networks, and funding. Government also plans to offtake agro-products when market conditions are unfavourable 13. Government is looking at funding supports for the aviation sector 14. The president is likely to decide on land border closures after the current health crisis. Negotiations with neighboring countries have been smooth 15. Although similar challenges were faced in 2016, Nigeria currently has significantly lower fiscal buffers. In view of the challenges, government has approved the integrated policy framework recommended by the CMC and adjustments to the 2020 budget 16. The budget office is finalizing a revised 2020-2022 Medium Term Expenditure Framework and Strategy Paper (MTEF/FSP) as well as an amendment to the 2020 Appropriation act B. According to Nigerian Economic Summit Group (NESG) Nigeria needs N10.1 trillion worth of interventions but current intervention capacity stands at N4.5 trillion The implied funding gap of N5.6 trillion is likely to be covered by Medium to long term domestic borrowing External borrowings (possibly from World Bank, IMF, IFC, AFDB) Quantitative easing Total announced stimulation (FG, CBN, e’tal) currently stands at N4.5 trillion or 3.1% of GDP (vs. 10.0% of GDP in South Africa) 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:00am On May 06, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:40am On May 06, 2020 |
ositadima1: UPDC Real Estate Investment Trust released its Q1 2020 Unaudited results for the period ended March 31st, 2020. Key Highlights Net Income grew by 4.16% to N609m from N585 in the previous quarter. Profit before tax declined by 10.9% to N423m. Profit after tax declined by 10.9% to N423m. Net Assets also declined by -7.6% to N30.5bn from N33bn. https://www.proshareng.com/news/CORPORATE%20RESULTS/UPDCREIT-declares-N423m-PAT-in-Q1-2020-Unaudited-Results--SP-N3.15k-/50833 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:14am On May 06, 2020 |
We cannot say more. Earlier we referred to the"promoters" of UACN and asked what they saw in this thing that they are promoting with vigor but rather than respond, it has been more and more promotion. Today if it's not bad result from one arm to the other, it is one major institutional investor and major shareholder selling off at loss. We just watch and see how the story ends 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:17am On May 06, 2020 |
PETERiCHY: Ok Sir, I meant ease of acquiring its shares, I actually find it to be valuable. |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:23am On May 06, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:35am On May 06, 2020 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:01am On May 06, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 10:02am On May 06, 2020 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:12am On May 06, 2020 |
@4shizzle did you eventually buy your Fbnh, and at cheaper price? Cos e go still touch 5 before proceeding on the journey. Barring any unforeseen circumstances. ![]() Quite some positive news surrounding it. |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 10:13am On May 06, 2020 |
FBNH, DANGCEMENT making me proud ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by gabscity(m): 10:16am On May 06, 2020 |
Justcul: Even if my employer no pay me, DanCem has paid already! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by 4shizzle(f): 10:22am On May 06, 2020 |
Thanks for the look out sis. Got some at 4.10 the other day you got yours at 4.05. ![]() Mcy56: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:26am On May 06, 2020 |
Zenith: Arrived KM 15..... Fbnh: Moving..... FCMB/fidelity moving ....... Dangcem, Nestle, MTN....doesn't seems to be tired yet..... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 10:26am On May 06, 2020 |
On point as usual! Bomboclad: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:27am On May 06, 2020 |
4shizzle:Great! ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:30am On May 06, 2020 |
GTB: Arrived KM 22..... ![]() Zenith: See vexing.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Miyachi: 10:31am On May 06, 2020 |
Please is it normal for it to take days before my shares reflect on the CSCS portal. I usually notice a day's delay but it's been at least 3 working days and the shares I bought on the 30th, May haven't reflected on their portal but it shows on my brokerage account. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:38am On May 06, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 10:43am On May 06, 2020 |
gabscity: Honestly, it would have been foolishness on my side if I didn't buy dangcem. A stock that sold at over N200 this year, ... paid N16 dividend and, before my eyes sold for N130 and even less for many days. Haba !! 1 Like |
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