STOCK MARKET RESULTS UPDATE- 24 JULY 2019

Mobil released a second qtr result that was less than 2018 result, just in line with our forecast.

What do we expect from Custodian, Courtville, Nahco, NBL etc?

Now I have a guide that can assist me in putting money in stocks where I can put my money and take some nap!!!

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

DAILY STOCK MARKET GUIDE FOR 23 JULY 2019

Looking forward to what will be the outcome of the MPC meeting. Whatever is the MPC action will determine how the market will play the market for the next few months.

MSCI is still on temporary break. I am on MSCI side, but fundamentals of some results will likely bring me out of my shell.

These days, I am so cool on the market, no big worry since I have the stage analysis report and the profit forecast on my side.

Let us stay with fundamentally sound equities, we should stop buying stock because the prices are cheap.

On a closing remark, we should come out our shell and continue to contribute like before. However, we should stay by the side of what we have good knowledge about, we are all useful in this forum.

Today you can see our forecast for FMNL and WAPIC, expected quarter result.

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 22 JULY 2019

Market still down. But volatility is likely to be low for the 1st 2 days of the week due to the MPC meeting.

MSCI maintained a clean slate on Friday.

what is our expectation for the next result for Access and Cutix?

For stage analysis for the week, you can see it on our twitter page later this afternoon or tomorrow.

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

AFRICA PRUDENTIAL 2ND QTR 2019 RESULT

Not a bad performance, still fair result , 4.3% increase on the 2018 PAT.

http://www.nse.com.ng/Financial_NewsDocs/26740_AFRICA_PRUDENTIAL_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf

DAILY STOCK MARKET GUIDE FOR 19 JULY 2019

Investing does not have to be like gambing? We need to invest only companies with growth potential.

Market is still down. The 2nd quarter results will differentiate the growth companies from those that will make you poorer? See the expectation for Nestle/Okomu below:

MSCI still on the buying side of the market, buy trying to play safe by not concentrating too much on particular equities. if MSCi is now playing safe, why will you want to gamble with your relatively small money (compared with MSCI)? Now is time to start playing the market with caution.


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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WHAT RESULT DO YOU EXPECT FROM THE MAJOR COMPANIES

This is from our fundamentals corner. Investing does not have to be gambling?

Know which stock to buy for long or short term. Afriprud base on expected result can only be considered for short term.

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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DAILY STOCK MARKET GUIDE FOR 17 JULY 2019

MSCI on 16 July stepped into the market buying across all sectors. If you see price slightly up today do not be surprised, but not a sign of the bull yet

We are still not interested in the market at this moment, until the All share index is back to 29,000 level: the market may still be a mined field.

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 16 JULY 2019

MSCI still quiet in the market, no action.

A caveat for us is that we do not take decision solely on fundamentals or technicals, the two are taken into consideration to arrive at a good decision.

Our biggest losses are going to arise if we rely on fundamentals only as we may end up buying too early, when the momentum from the technical side does not support our decision.

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

On 9th of July post made by you, you wrote that stocks on Stage 4 should not be bought. That your followers should buy stock on stage 2. FCMB was on stage 4 according to you(based on your TA). And now from this post you stated thst your followers can buy FCMB based on your projected Half year PAT (based on your FA).

Isn't there a conflict you should resolve?[/quote]

Thanks Rabbi,

In one of the write-ups, I pointed out the fact that one can buy in any stage if you detect that stage 5 pattern has form or is about to form. If we are to wait for stage 2, we will not buy anything in this our Nigeria market for a long time. At the moment no stock is in stage 2. See my posting of 13th June 2019, where this was explained.

God bless you

DAILY STOCK MARKET GUIDE FOR 15 JULY 2019

MSCI is indifferent to the Nigerian stock market for now, has maintained clean slate.

See some snippets of 2nd qtr reports expected as per our forecast.

You can catch the stage analysis for the week later today in twitter if interested.


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

UPDATE FOR CLOSE OF THE WEEK 12 JULY 2019

What a week!!! The market lost a huge 2.40% for the week and the loss for the year now 9.11%.

Reasonable investors definitely need a break. We should not allow our emotions to control us. Doubling down at this point will be loser’s game.

Again our emphasis at this point will be to hold on to our cash till market is back to the 29,000.

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 12 JULY 2019

MSCI still inactive in the market.

No need chasing this market. We must be willing to commit our money at our own will. If the market is below 29,012.12 better to stay out.

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

STOCK MARKET UPDATE- CLOSE OF MARKET 11 JULY 2019

Today is a day of the black swan. Instead of the expected positive, the index closed heavily on the Negative side @ 28,712.90

Playing this market without a plan is dangerous. It is back to the drawing board. 10 gainers 19 losers.

Like the general saying, by fire by force the market is teaching us to control our emotions. For now, only few equities are good in the market. In a falling market like this, buy and hold can kill someones investment.

My stop losses are on standby. The day FCMB closes below NGN1.56, I will have to take my stop loss without looking back since I bought at 1.69. There is no perfect investment strategy, even if we have bullet proof charm ([b]my odeshi cannot withstand these level of bear fire power if it continues), by the time the market comes with a bomb, the charm may not work again, better to run for your life[/b]

Caution: Information for educational purpose only.

DAILY STOCK MARKET GUIDE FOR 11 JULY 2019

We are still expecting the bull. The back ground to support this is still in place.

Why is PZ falling in price? See one of the major reasons below.

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 10 JULY 2019

The bull is gradually appearing on the scene, close above 29000 will make things look better. Looking forward to another bullish day today.

Okay, let us have a snippet of some results forecast 2nd quarter result from our fundamental corner!!!

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 9 JULY 2019

MSCI Nigeria on 08 July 2019 did not record any transaction. With MSCI not selling, the bearish run may cease.

Stage is getting set for the earnings season. We should position in good equities, although there will be a lot of false moves from equities with bad fundamentals which we have to avoid.

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 8 JULY 2019

MSCI Nigeria on 05 July 2019 did not record any transaction.

This week the earnings play is expected to start heating up. Therefore, at least a small bullish move is expected for the week.


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)

It's laughable if not with deceive intent, what makes you think so? Maybe you are just assuming. My questions to you are these.
1. What makes you think such?
2. Did both have bad result in 2018 or 2019 q1 ?
3. Have you seen their 2019 q2 result, if yes do they perform positively or negatively?
4. What happen to unity, wema, Polaris , Sterling, Jaiz [/b]etc.?
[/quote]

Please let us note that [b]Jaiz is not a affected by the regulation for the normal banks. It operates in the financial sector where the required capital is currently lower than NGN25billion

DAILY STOCK MARKET GUIDE FOR 5 JULY 2019

MSCI Nigeria on 04 July 2019 did not record any transaction as the day was a public holiday in USA. By the close of today we will know the movement in the portfolio.

Market (Allshare Index) this week is likely to close lower than last week figures, as this morning loss for the week is 2.24% . We should keep our emotions under control, only few stocks will release positive earnings. Therefore, we should be selective in our selection of equities to buy.

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 4 JULY 2019

Market is still looking for support. All indication is telling us to still be very selective as many equities are indicating minimal future upward movement. Support at 28854.05 is still okay.

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)

Mcy56:

Thanks for the info. That spreadsheet could be arranged to occupy smaller space though. It looks scattered.

Thanks for the observation. I applied local standard. But I have upgraded it.

DAILY STOCK MARKET GUIDE FOR 3 JULY 2019

MSCI Nigeria on 02 July 2019 sold Dangote Sugar and FCMB.

Market is still risky let us still apply caution.

We need to apply additional criteria, that our proposed company we want to invest in is applying International Standard (this is not in terms of the degrees or Ph.Ds. acquired by the Management/Directors). I want to be blunt here, one of the criteria is that there must be a major Foreign shareholder (preferable a Colonial Power like likes European/South Africa/ American, forget Asians or Latin America, they were also Colonized) that is exercising some form of control on the organisation, such that the company reports to a Head Office Outside Nigeria.

Call the above Colonial mentality, but to protect your money and have rest of mind, we should not entrust our money to a management that will run away/share our money among themselves while leaving the shareholders poor.

My example is the year ended report (Dec 2018) for NPF Micro Finance bank, somebody embezzled money that threw the company to a loss positions (in a Police company, reporting to CBN, and I am sure EFCC is close to this company). Then the company want to do a right issue, but I will call it a wrong issue so that there will be bigger money for somebody to embezzle in the future [/b]Thank God for a forum like this, I am sure many of us will not partake in [b]the proposed "wrong issue"

More details of the criteria will be for our subscribers in subsequent reports.

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 2 JULY 2019


MSCI Nigeria on 01 July 2019 did some reduced selling. We are still looking.

The stage analysis for the week has now been updated for those marked in yellow. It is okay for usage the 2 days lateness has no big effect.

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) and is not to be

DAILY STOCK MARKET GUIDE FOR 1 JULY 2019

MSCI sold heavily on Friday 28 June 2019. But, the fear in the market can be calmed down if the Brent Crude price stabilizes. A time to be exercise caution, big bullish move in the market is not expected.

Results released over the weekend were not encouraging.

For our stage analysis, we still continue with the one for last week.

We will update later this week.

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) and is not to be

DAILY STOCK MARKET GUIDE FOR 28 JUNE 2019

MSCI Nigeria on 27 continues with selling. One is getting worried with the Fund’s continued selling, for this market to make any meaningful move, buying by the likes of MSCI is essential.

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) and is not to be

DAILY STOCK MARKET GUIDE FOR 27 JUNE 2019

MSCI sold across the sectors.

Market is still dull. We have no option but to use this waiting period to continue to perfect our strategies.

Stop loss is very important, to prevent us from losing substantial percentage of our investment in a particular stock. Especially, in this era of increased uncertainty. We need to just limit our losses, if we fail to, the market will do it for us, and it is just a matter of time.

Let us imagine that I have bought Diamond bank during the bull market for NGN5.00 and I still want to hold on, I am sure that the Access Bank acquisition of the bank at about NGN3.00 (not exact price) would have stopped me out automatically. Let us reflect on this.

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) and is not to be

DAILY STOCK MARKET GUIDE FOR 26 JUNE 2019

MSCI Nigeria on 25 June sold across sectors.

Nothing enthusiastic about this market. We need to stick to our plan.

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) and is not to be distributed without our authorization.

DAILY STOCK MARKET GUIDE FOR 25 JUNE 2019

MSCI Nigeria on 24 June sold only 45,500 units of Guinness.

Nothing much. Too much risk in the air. Need to reduce our exposure to 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) and is not to be distributed without our authorization.

DAILY STOCK MARKET GUIDE FOR 24 JUNE 2019

MSCI Nigeria on 21 sold some quantities of Guinness as usual.

Looking at the parameters for the close of market last week. This week is expected to be a better week in terms of market performance.

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) and is not to be distributed without our authorization.

MARKET UPDATE FOR CLOSE OF THE WEEK 21 JUNE 2019

Allshare Index loss for the week: -0.65%, cumulative loss for 2019: -5.02%

Allshare Index loss for last week: -1.27%, cumulative loss for 2019: -4.40%

Loss for this week lesser than that of last week.

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.

Sir,
Please how do you gentlemen estimate the beta of a firm to know if it's is high or low. Am currently reading a book on investment valuation by damodaran which he talks about beta, bit I don't seem to understand it. Please can you help me out. Thanks.[/quote]

Fantastic question. This is the type of issue we should be discussing in this forum. Simply, beta of a stock is the volatility of a stock in comparison with a base, usually the index for that particular stock or the general index.

A stock that matches the index, ie, goes high as the index goes up is said to have a high beta. In terms of risk and profitability, high beta stocks are better. This if the index is rising up a high better stock will rise, where a stock has beta greater than one then the stock has high beta. Thus for a stock with beta greater than one, there is the probability of the stock rising higher than the index when the index is rising. Equally when the index is falling, the high beta stock may likely fall faster than the index. For example the beta for GTB is currently 1.045, it is not a static figure it can change from time to time.

DAILY STOCK MARKET GUIDE FOR 21 JUNE 2019


MSCI Nigeria on 20 June sold 17,482units of Guinness, buying Guinness at this moment can be dangerous.

The market is at an inflection point for now. Brent crude is back to the USD64 level, which is like our minimum benchmark that will attract the foreign funds to Nigeria equities. We expect the earnings season bulls to start taking position by now.

Note that our stage analysis sheet is only updated once a week, on Monday. It will then serve as our map of the week for the market. Monday 24 June another fresh one will be out.

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) and is not to be distributed without our authorization.