Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,198,106 members, 7,967,120 topics. Date: Saturday, 05 October 2024 at 11:59 AM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11636584 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)
(1) (2) (3) ... (6136) (6137) (6138) (6139) (6140) (6141) (6142) ... (8249) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 2:49pm On Dec 04, 2020 |
Biafran4life: What about Afroil in 2007 that moved from 50k to N6.00, even though the company stopped business about 2 years earlier and was owing house rent for 3 years 5 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:50pm On Dec 04, 2020 |
BrokerHaruna:ETI... Well na my JIJO stock sha so I don't usually talk about am |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:58pm On Dec 04, 2020 |
. |
Re: Nigerian Stock Exchange Market Pick Alerts by BrokerHaruna: 3:16pm On Dec 04, 2020 |
ETI, as predicted, stabilized at the end of market close having shaken off the fearful. Today's transaction/demand for the stock was the highest quantity in recent times. The demand pressure should give us an idea of the trajectory |
Re: Nigerian Stock Exchange Market Pick Alerts by Jochez15: 4:21pm On Dec 04, 2020 |
Something is confusing me, some coys here are not doing well in terms of earning but are doing well in the market. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 4:33pm On Dec 04, 2020 |
Untill folks learn the ropes on how to see, extrapolate and interpret the good in a bad or poor result and the bad in a good one, they may continue to give in to their emotions and oftentimes overreact when a coy releases its financial print.(fear-greed factor in view) Spotting the good in a poor or bad financial report can help one to efficiently and effectively manage FEAR, while seeing the bad in a good report can be a handy tool towards managing GREED. This way, a trader/investor can better utilize their trade/investing set-up peculiar to their personality to ensure more WINS and fewer loses(entry/exit strategy in view) Admitted, ETI under-performed in the period under review, but could there have been any good reason behind it? …could there have been some good in the poor result? This is how to benchmark inherent risk against feasible reward and from there, sick to tap some gains over VALUE. 1st off is to ask why the report was audited?(Q3 in view) …and why was there a grossly poor NPM despite just a slight drop(circa 14%) in NIR and growth in NIM(NII in view). …in fact, NIR witnessed only a 1% drop in Q3 when compared to the preceeding yr. It should help to note how the drop in EBIT margin was majorly driven by an over 6,300bps(approx 63.7%) booking on impairment from the groups Goodwill. Apparently the bank decided to book an impairment expense in its Goodwill. This often happens when a coy thinks its goodwill line is a bit too much and requires pruning down, and would usually affect(negatively) a coys NET INCOME. For emphasis, ETI reported 37% of what would have been its NPM(should’ve been 63% more) …the interpretation of this is that for every N10 of net income in its book, over N6.3 was taken down as goodwill expense. But for that line, NPM would’ve been much higher. Again ask urself; How did the group grow its AER(NA in view) and deposit pool despite the impaired Goodwill line? …this clearly tells u that the brand is still healthy !! Elsewhere, why is the groups CGPR still very healthy !! As I’ve always stated here in times past; financial indices like EPS, ROE, PE/PEG oftentimes does not tell the whole story. …broad financial analysis has gone past that stage. A right but thorough blend/combination of several key indicators/determinants is needed to see through the value accretive stand in a company’ financial print. While ETI’ Q3 report card is poor, inherent risk is still well below its feasible reward given the coys current mkt price. That part in bold is all that matters, as it is where an investors quest for VALUE/RETURN revolves around. …it is everything !! Every other thing comes after it. Using a blend of financial model which looks at the worst case scenario given the No prints in its report and also attaches an appreciable risk premium to its value potential, ETI is fairly priced @ N10.30. So if u had bought at btw N3.90 to N4.1 when we 1st mentioned it here… HOLD !! Even if u bought @ N5 to near the present mkt price, it’d be best to stay put and not panic.(the coys technical stance largely supports this) Disclaimer: NOT to be inferred to as any kind of recommendation. The most important thing is to Know WHAT u want out of every investment move and WHY u want it !! …and from there, ur investment personality and goal(what sought of investor ought u to be) and ur investing horizon should be the necessary seasoning that drives ur decision-making. To illustrate; common sense should infer that a dividend growth investor could be better off without ETI, while a value chaser could be better off embracing it given the current mkt price. Define ur terms and do well to stick to it !! Selah 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:34pm On Dec 04, 2020 |
Jochez15:That's the voodoo of nse |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:37pm On Dec 04, 2020 |
onegentleguy:Well no comment as eti na my JIJO stock |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 4:48pm On Dec 04, 2020 |
Well, why wasting time if there are better things( stocks) aside ETI We are here to make money both in the long and short run, megawealth01: |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 4:48pm On Dec 04, 2020 |
Jochez15: Not everybody look before they leap. na life be that. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 4:53pm On Dec 04, 2020 |
onegentleguy: Biafran4life: Its always important to try to look in on the possible reason(s) behind a move, whether coperate or otherwise. How about looking at the closure/trimming down of branches(part in bold) from the perspective of a COST-CUTTING MEASURE that will help boost the banks overall NET MARGIN and aid its efficiency. Sure u wouldn't advocate that the bank should continue to retain and fund unproductive banches that do not add to their bottomline? The truth is; There was an urgent need for cost optimization. Look at the banks SoI and BS in the last 2 quaters and u will see that this is already been effected and is also paying off, albiet slowly. Folks should take an in-depth review of that report before drawing conclusions. U are right about Guinness though. I already stated as much here.(see post above) Regards 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 5:06pm On Dec 04, 2020 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 5:35pm On Dec 04, 2020 |
onegentleguy:Welcome back sir. You've really been doing so well in terms of detailed analysis. Kudos sir. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 5:42pm On Dec 04, 2020 |
Jochez15:Wonders of NSE my bro/sis. That's why sometimes I wonder how some of our oldbies used to rubbish all stocks that are not fundamentally very okay. All they wanted to see people discussing are big caps. Once you're commenting on sound medium/big caps no wahala .....but once you start mentioning small/low/not too sound ones, you'll see vexing. Insurance?? Chai! You don offend some be that. That was how they rubbished CCNN. The stock even sold down to around N9 that time. Instead of us to dissect and see inherent values like it used to be before. Nayyy. Today, the same CCNN transformed to BUA and is well sitting above N50..... That's where we needed to give it to OGG in this platform. He's really trying in the aspect of detailed analysis. My ogas make Una no vex o. Na example I just dey give. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:49pm On Dec 04, 2020 |
Mcy56:Insurance sent many to the villa 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 5:52pm On Dec 04, 2020 |
megawealth01:Lol not disputing that. I think that's the reason they don't even want to hear anything about the sector. ......but in as much as they're still on the exchange, we will still be mentioning them once in a while nah. Some are still good and are striving to be better. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 5:54pm On Dec 04, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:56pm On Dec 04, 2020 |
Jochez15: Part of the madness in the market 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 5:57pm On Dec 04, 2020 |
sellydion:Hhmmm. |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 6:04pm On Dec 04, 2020 |
Mcy56:For some of us, it is he who is down need fear no fall... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:12pm On Dec 04, 2020 |
jamace:You must have been holding it for God knows when.......and maybe at higher price. Chai!!! It is well o. Think I'm trying to understand with the ogas on the emphasis on sound stocks really. Make Una come dey caution us and advice newbies from time to time o. .......but now, something seems to be driving the stock. Some will still profit from it one way or the other. |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 6:15pm On Dec 04, 2020 |
Mcy56:Been in the bus for over 10 years. But I know it will make me proud one day, like Okomu and Presco.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:22pm On Dec 04, 2020 |
jamace:Waoh! No be small thing. Seems God has picked your call eventually. Don't relent in prayers. Let's hope this restructuring will end up catapulting the stock. Looks like new investor is coming in. I'm somehow keeping eyes on the stock now. Just hope I'll be free to be posting it here. |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 6:53pm On Dec 04, 2020 |
megawealth01: AIICO, NEM & LASACO in the bag. IEI & STACO - Obituaries a long time ago. MBENEFIT has been profitable lately. Putting on my speculative cap, new licencees? Why the surge in volume? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 7:50pm On Dec 04, 2020 |
Mcy56:Feel free to join the bus BUT at your own risk o.. |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:35pm On Dec 04, 2020 |
Broker Haruna & coy after going through ETI results 12 Likes 1 Share
|
Re: Nigerian Stock Exchange Market Pick Alerts by moyin2009: 8:43pm On Dec 04, 2020 |
may be will can get something tangible from this.
|
Re: Nigerian Stock Exchange Market Pick Alerts by Oakbranch: 8:48pm On Dec 04, 2020 |
PETERiCHY:I wonder what can be said about Cadbury plc and his brother unilever.these two do not receive mention at all. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 9:00pm On Dec 04, 2020 |
@moyin, When a child goes to school and come back with poor results and all his mates are progressing what would you say? ETI needs to be punished. Forget about recover today it is all a matter of time. You dont put money when things simply does not add up. The HOPEFUL can continue to eldorado. moyin2009: |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 9:00pm On Dec 04, 2020 |
Stonks only go up |
Re: Nigerian Stock Exchange Market Pick Alerts by Jymsyno: 9:05pm On Dec 04, 2020 |
Pls how long does it take First Registrars to pay dividend on Nigerian breweries after transmission? It's getting to 2 months and no sign of payment yet. |
Re: Nigerian Stock Exchange Market Pick Alerts by RichEstate(m): 9:15pm On Dec 04, 2020 |
seyisanya: Welcome back chief 1 Like |
(1) (2) (3) ... (6136) (6137) (6138) (6139) (6140) (6141) (6142) ... (8249) (Reply)
Viewing this topic: Stan2330(m), Willie2015, Agbalowomeri, lancee(m), Regex, Sunrisepebble, Digitron and 7 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 68 |