NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 24 APRIL 2020


Loss for the week: -1.41%
Gain for the Month: +6.10%
Gain for the Qtr: +6.10%
Loss for the year: -15.81


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Harvestock01:


What will be your thoughts on this:

https://www.express.co.uk/news/uk/1266569/coronavirus-china-pay-global-economy-recession-boris-johnson-UK-xi-jinping

For us our concern is handling situations as they arise. Equally we already have a plan we are following. for example some sectors/companies have been marked as problematic, which systematically we will avoid. Example are: Brewers, Airlines/Logistics, FCMG like Unilever (due to strong competitors) etc.

Finally our approach is that we do not have to be in the market at all time, reduce the number of equities we will be buying (our discipline make sure we never bought or recommend Transcorp when it was trading around NGN1.00 and we look to take advantage of technology and diversify globally (behind the scene we have already pencil down some equities at NASDAQ, NYSE etc).

Some of us are like somebody whose has died and resurrected as far as stock market is concerned we know there is HELL IN THIS MARKET and some companies are just quoted to take away your money without the law being able to do anything about it (ask the investors in Intercontinental/Oceanic Bank, Skye Bank, companies that has never paid dividend for a long time etc).

Please I am sorry there is a limit to what I can write here, but you can follow me up on twitter, where we will from time to time reveal more of our strategies and styles https://twitter.com/AnalysisTarget

DAILY STOCK MARKET GUIDE FOR 8 APRIL
Bulls about to show up. Market now optimistic on OPEC production cut, with shale producers & other oil producing Countries likely to agreed. This is a game changer for the market, probability of this #week ending on the positive side is high.

MSCI still around the corner, but transaction volume is still low.

Other data as at this morning 8 April 2020:
Loss for the week: -0.80%
Loss for the Month: -1.76%
Loss for the Qtr: -1.76%
Loss for the year: -22.04%

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget
(Modify) (Quote) (Report) (Share)

NSE ALLSHARE INDEX UPDATE FOR OPENING OF BUSINESS 12 MARCH 2020

Loss for the week: -10.30%
Loss for the Month: -10.08%
Loss for the Qtr: -12.18%
Loss for the year: -12.18%

Let us not be carried away by the noise of any bull coming into the market. The market is in serious trouble (at least for this week). The bearish trend is fully on. We want to see what measures/policies the Government will put in place to protect our economy. An example may be the need to consider the border closure (we need the co-operation of other Counties in the region at a time like this) , it is now affecting exports of some of our Manufacturers, we wait and see.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 28 FEB 2020

Loss for the week: -4.28%
Loss for the Month: -9.11%
Loss for the Qtr: -2.33%
Loss for the year: -2.33%

The year to date for Allshare index is now in loss position. Let us control our emotions, it is “difficult to catch a falling knife”.
The big loss ignored MSCI’s presence in the market: http://portfolios.morningstar.com/fund/holdings?t=NGE

If you have our forecast, you can check it with the actual for Custodian and Cutix, the actual were not too wide from our forecast.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 27 FEB 2020

Loss for the week: -2.12%
Loss for the Month: -7.06%
Loss for the Qtr: -0.13%
Loss for the year: -0.13%

The year to date for Allshare index is now in loss position. A time to apply extreme caution going forward.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Uchetoba:
http://www.nse.com.ng/Financial_NewsDocs/29170_FORTE_OIL_PLC._CORPORATE_ACTIONS_FEBRUARY_2020.pdf
Can this be iñterpreted as the directors of ARDOVA did not recommend àny dividend?

Can we see what our insider report will looks like.

Below is our forecast for the total comprehensive income. How the actual feared compared the forecast is likely to tell us what the market reaction will look like.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

[quote author=yok post=86639705]DAILY STOCK MARKET GUIDE FOR 14 FEB 2020/INSIDER VIEW OF SOME YET TO BE RELEASE RESULTS

I was a little bit surprised when someone suggested that whoever wants to have a foreknowledge of yet to be released results should actually pay somebody to show him the result brought to the exchange before it is made public. Okay, I am not blaming that person, but in this era of high technology, that is not necessary. why don't we place a recording device in that board room or better still in the CFO's Office where the results are likely to be 1st submitted or even going further, placing a sort of CCTV inside the computer that the Finance section of the company is using (I prefer this last option, in that case I can even get the result before the finance people even finalise the figure, okay).

Let us take these figure down and then compare the actual with the forecasts below (if you go through my tread or better still our twitter pages you will see something similar (I am apologizing to our subscribers that we are disclosing some of the figure they have been planning with for like 2 month into the past):

FOR YEAREND/PERIOD END 31 DEC 2019
Company Expected Change in Result against previous year

Access Bank +24%
Caverton -19%
Cutix -31%
Dangote Cement -53% (may not be this large due to Dec effect)

FOR YEAREND/PERIOD END 31 MARCH 2020
Company Expected Change in Result against previous year
Transcorp -38%
Julius Berger +500% (likely to be better)

Follow up to our profit forecast released to the general public (probably for the 2nd Time on February 14. The result for Dangcem, was forecasted nearly perfect to the actual. Again, I will say a big thank you to our subscribers/followers, especially people like Jamace, God bless you all

[quote author=dipoolowoo post=86969386]Year-to-Date Gain of Nigerian Stocks Shrinks to 0.03%
https://businesspost.ng/economy/year-to-date-return-of-nigerian-stocks-shrinks-to-0-03/

Kindly note that the -0.03% loss was for close of business as at yesterday. For the year as at close of business yesterday we were still at +0.71% which is likely to be further depleted after close of business today.

Thanks.

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS/CLOSE OF WEEK 21 FEB 2020

Loss for the week: -1.32%
Loss for the Month: -5.05%
Gain for the Qtr: 2.04%
Gain for the year: 2.04%

We need to be less aggressive in buying, gain made by the Allshare Index at the beginning of the year is disappearing fast!!!


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

jamace:
Oga mi, see your forecast made about Zenith Bank on 17 January 2020 attached:

Hi Jamace,

Yes, we stand by our forecast. Our forecast has additional comment for subscribers, which says avoid, as the earning will be lower or flat.

Depending on which side you stand for what is the quality of good earnings, our standard is anything lower than 25% is not good enough. Going further, our forecast is to enable us determine earnings surprises (like that of UCAP) .

However, we are all free to make our decisions, if you believe the earnings is superlative fine, but on our side it is still a flat result especially considering the CBN incentives for banks to give our more credits in the last qtr of 2019 (actually we expect more banks to surpass our forecast, due to the CBN incentives for bank to give out more facilities). However, we can rest this matter for now on the fact that the temporary increase in price may be probably due to the dividend declaration, let us wait and see what happens in the next 2 weeks.

Thanks for your observation. I hope you will equally visit our twitter (https://twitter.com/AnalysisTarget)page for more stock information/trading ideas. Our motto is not to just forecast, but to react to issues before they happen. Thanks again we are grateful for your comments.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

COMMENT ON ZENITH BANK RESULT
The result seems to be a flat one on the average, 8.13% increase in EPS. Not too far from our forecast, which ruled out any substantial increase in earnings for 2019 year end.

Let us see how the market will react in the next two weeks.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS/CLOSE OF WEEK 14 FEB 2020

Loss for the week: -1.11%
Gain for the year: 3.40%

The bears are getting too serious in this market. There is need to be extra selective and wait only for the best opportunities.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

DAILY STOCK MARKET GUIDE FOR 14 FEB 2020/INSIDER VIEW OF SOME YET TO BE RELEASE RESULTS

We have analysed the result of Nigeria Brewery, extrapolating the result to 2020, expect another bad performance from the coy in 2020. See out profit forecast sheet for detail. Our job is to prevent the innocent public from losing money in the stock market jungle!!!

I was a little bit surprised when someone suggested that whoever wants to have a foreknowledge of yet to be released results should actually pay somebody to show him the result brought to the exchange before it is made public. Okay, I am not blaming that person, but in this era of high technology, that is not necessary. why don't we place a recording device in that board room or better still in the CFO's Office where the results are likely to be 1st submitted or even going further, placing a sort of CCTV inside the computer that the Finance section of the company is using (I prefer this last option, in that case I can even get the result before the finance people even finalise the figure, okay).

Let us take these figure down and then compare the actual with the forecasts below (if you go through my tread or better still our twitter pages you will see something similar (I am apologizing to our subscribers that we are disclosing some of the figure they have been planning with for like 2 month into the past):

FOR YEAREND/PERIOD END 31 DEC 2019
Company Expected Change in Result against previous year

Access Bank +24%
Caverton -19%
Cutix -31%
Dangote Cement -53% (may not be this large due to Dec effect)

FOR YEAREND/PERIOD END 31 MARCH 2020
Company Expected Change in Result against previous year
Transcorp -38%
Julius Berger +500% (likely to be better)


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis [url]https://twitter.com/AnalysisTarget
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TRANSCORP NEED TO PROVE US WRONG PLEASE?

There was this posting on twitter on 10 February 2020: https://twitter.com/AnalysisTarget/status/1226812124435034112

I hope some people had not had insider information about Transcorp fielding a "women team in this men league of power generation (this seems to be where easy money is likely to be for the company) business?"

The way the market is hammering Transcorp, is as if everybody is afraid of these marketing team in a "technically oriented business like power generation"

Transcorp, please prove us wrong? Unfortunately, our current holding were bough before the use of our new profit forecast system (which saw the grave digging ahead, probably over 3 months in the past, our stage analysis sheet will show it, whoever has the one for around Dec 2019 should check)

It seems it is time we will not disobey Target profit forecast again. At least it prevents us from being dribbled into a bad position by big money, market makers, monkey hunters, ..............etc you can add your own list

DAILY STOCK MARKET GUIDE FOR 13 FEB

A sober period in the market, MSCI is quiet in this market. The hope of the market is hung on earnings expectations below is our opinion on some equities likely moves.

Loss for the week is -0.67% . Gain for the year is now 3.86%

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 11 FEB 2020

Loss for the week: -0.70%
Gain for the year: 3.84%

Market still has some risk in the air. Let us continue to be on the side of equities with good fundamentals. Missing some opportunities may be better than losing our money!!!

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 7 FEB 2020

Loss for the week: -2.69%
Gain for the year: 4.56%

Index close at: 28067.09. I will say not that that bad in general.

Happy weekend to all.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 4 FEB 2020

Loss for the week: -1.43%
Gain for the year: 5.92%

Support level of 28,807.30 is broken, we need to study where the market will go next. Let us continue to focus on only equities with good fundamentals and learn to wait when market seems uncertain.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 31 JAN 2020

Loss for the week: -2.62%
Gain for the year: 7.46%

Support level of 28,807.30 is still intact, early next week will determine whether the level will hold or not. Let us continue to focus on only equities with good fundamentals.

Happy weekend to all.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 30 JAN 2020

Loss for the week: -1.98%
Gain for the year: 8.15%

Support level of 28,807.30 is still intact.

Time to start planning for the next course of action. Not a time to be too active in the market.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 29 JAN 2020

Loss for the week: -1.71%
Gain for the year: 8.45%

Market still in uptrend till support level of 28,807.30 is breached. As we may want to take advantage of lower prices we should avoid unsound stocks and only buy at strong support levels.

Equally to avoid the bear from scoring an[b] injury time goal [/b] (loss that you may not recover from until the next 365 days) avoid stock that may experience substantial income decline. From our side the likes of Eterna, Guinness, Ikeja Hotel, Interbrew (regular customer), Transcorp etc comes to mind.

Just like a visitor to the casino, we have placed our bet, the roulette wheel/ball is rolling, unlikely to be a good time to place substantial bet on the table.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 28 JAN 2020

Loss for the week: -0.81%
Gain for the year: 9.45%

Market still in uptrend till support level of 28,807.30 is breached. But for now the market is retracing, we should be worries is the major support is broken. For now we need to slow down in buying or if we need to buy, we buy at support as much as possible and buy in batched if the price of our target equity keeps falling.

For now I will not be aggressive in putting my money in the market.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 24 JAN 2020

Gain for the week: 0.03%
Gain for the year: 10.38%

This is a fair performance for the week in the absence of MSCI, No market moving news and Brent crude retracing in price. Seems equity investors in Nigeria are die-hard type?

Happy weekend to everybody.

N:B- There may be slight difference between the above and the official figures from the Nigeria Stock exchange due to approximations


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

DAILY STOCK MARKET GUIDE FOR 21 JAN 2020
Market still in uptrend, but trend is getting extended. We need out trendlines to guide us to know when the retracement is happening. MSCI still quiet for 6 days continuously. Need to exercise caution. Buy only fundamentally good equities only.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 17 JAN 2020

Gain for the week: 0.69%
Gain for the year: 10.34%

Happy weekend to everybody.

N:B- There may be slight difference between the above and the official figures from the Nigeria Stock exchange due to approximations


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

DAILY STOCK MARKET GUIDE FOR 17 JAN
Market was up on Thursday 24 gainers/16 losers Loss for the week is 0.22%, while gain for the year 9.35%. Let us exercise caution as we continue to enjoy the current bullish season. Below is our profit forecast for Zenith Bank.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of [url]Target technical analysis https://twitter.com/AnalysisTarget[/url]

UPDATE FOR CLOSE OF MARKET ON 14 JAN 2020- ALL SHARE INDEX

Gain for the week: -0.45%
Gain for the Year 2020: 9.09%

N:B- There may be slight difference between the above and the official figures from the Nigeria Stock exchange due to approximations


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of [url]Target technical analysis https://twitter.com/AnalysisTarget[/url]

UPDATE FOR CLOSE OF MARKET ON 10 JAN 2020- ALL SHARE INDEX

Gain for the week: 9.07%
Gain for the Year 2020: 9.59%

N:B- There may be slight difference between the above and the official figures from the Nigeria Stock exchange due to approximations


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of [url]Target technical analysis https://twitter.com/AnalysisTarget[/url]

UPDATE FOR CLOSE OF MARKET ON 9 JAN 2020- ALL SHARE INDEX

Gain for the week: 9.00%
Gain for the Year 2020: 11.28%


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of [url]Target technical analysis https://twitter.com/AnalysisTarget[/url]

UPDATE FOR CLOSE OF MARKET ON 8 JAN 2020- ALL SHARE INDEX

Gain for the week: 5.91%
Gain for the Year 2020: 8.12%

Very interesting development. Tomorrow will be another day![b][/b]

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget