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The board of courier services, freighting services, logistics, warehousing and general haulage company- Red Star Express Plc, on Thursday presented its audited financials for the year ended March 31, 2018, showing that while revenue rose by 15.19%, net profit slipped 18.55%, compared to prior year. The directors however recommended a dividend payout of N236m or 40 kobo per share, same as was paid last year. Revenue for the period rose by N1.108bn from N7.298bn to N8.407bn; the bulk of which was the N4.406bn income from courier services, up marginally from N4.049bn; followed by N1.642bn from support services relating to mail room management and other delivery services, which rose from N1.499bn; while freight services involving clearing and forwarding of goods (import and export services) rose from N535.843m to N794.971m. Cost of sales rose to N5.625bn, as against the N5.111bn, resulting in gross profit of N2.782bn, up by 27.2% from N2.187bn reported in 2017. Administrative ex...

 Market Update for June 28, 2018 The nation’s equity market on Thursday extended its bearish sentiments that had lingered for three consecutive days, despite the inflow of March year-end earnings reports and notification of closed period for half year results. At this point, the market is seriously waiting for a positive economic and company news to reverse the current trend as many players are trading cautiously to minimize their losing positions. Trading started with a little move to the downside, and further pullback to retest the recent strong support level at 37,700.01 basis points in the midday as highly capitalized stocks lost grounds to breakdown the sideways ranging at 37,988bps to 37,962bps movement in the previous sessions.   Intraday volatility was high as the benchmark index touched lows of 37,708.50 from highs of 37,977.25 and rallied back up in the late afternoon to close session at 37,733.44. One of the March year-end accounts- Redstar Express re...

University Press, on Friday presented its audited result for the year ended March 31, 2018, just before the end of the regulatory deadline, highpoint of which was the robust growth in profit before and after tax, despite a sluggish revenue growth. The directors also proposed a dividend of N43.141m, double the N21.57m proposed last year, translating to about 9.54 kobo per share; up from 4.99 kobo each. Revenue from the sale of printed books within and outside Nigeria rose to N1.801bn, up by N192.945m or 11.99% to N1.608bn; with the western zone contributing N821.778m or 45.62% of total, up from N676.778m; followed by the northern zone with N553.603m, slightly more than the N543.491m recorded in prior year; while the eastern zone pooled N425.934m from N388.101m. A further breakdown showed that sale of primary school books constituted the bulk revenue, at N1.003bn, followed by N547.024m from secondary school books; while N57.821m from tertiary/general reference of N57.821m. Segm...

Directors of Niger Insurance Plc, on Wednesday presented its audited financials for the year ended December 31, 2017, almost 90 days after they ought to have filed it with the Nigerian Stock Exchange (NSE). The highlight of the report was the zero dividend per share, following the company’s slip into full-year loss before and after tax, despite and underwriting profit and marginal growth in investment income, among others, after the N2.572bn change for “management expenses” for the year. The figure was however down by N2.827bn in the corresponding period of 2016. According to the breakdown of the result, gross premium written climbed 44% up from N8.585bn to N5.962bn; unearned premium increased by N385.096m or 43.53% from N884.636m to N1.269bn, leaving gross premium income at N7.316bn, up from N5.077bn. Reinsurance expenses jumped to N2.145bn from N422.367m, representing a growth of N1.723bn or 408%; resulting in net premium income of N5.17bn, up by 11.06% from N4.6...

Before diving into these differences, let us quickly tell ourselves what a trade bill is. A trade bill is a bill of exchange or a document ordering someone to pay a particular amount at a particular time that is used to pay for goods. If the trade bill is accepted, the buyer is getting credit from the seller. Having known this, let us go to the differences * Trade bills are drawn by creditors and accepted by debtors while accommodation bills are not drawn by creditors. * Trade bills are drawn against proper consideration while accommodation bills are drawn without any consideration. * Trade bill is a proof of debts while accommodation bill is not a proof of debts. Investdata Academy https://investdataonline.com

Market Update for June 27, 2018 Nigeria’s equity market at the midweek continued its volatility and side-ways movement, impacted by losses recorded by stocks across board, following which the benchmark index closed marginally lower in the face of mixed feelings as crude oil price remains above $70, while economic activities continue to slow down, despite the Presidential assent to the 2018 budget. There is also the prevailing wait-and-see attitude among the investing public, despite impressive earnings reports from Challrams and Tripple Gee to kick-off the inflow of March year-end accounts ahead of the statutory deadline on Friday, June 29, 2018 being the last working day of the month. The 3 kobo dividend by Tripple Gee should give insight into what the remaining companies like Honeywell, Flour Mills, University Press and Redstar Express will do, notwithstanding the fact that these companies are not in the same sector/industry. The NSE index opened the day’s tradi...

The strengthened seminar of my Movement containing the 5 Commandments plus numerous specific strategies and examples to guide; to govern your investment will be holding on 28th July, 2018 and it is theme Comprehensive Stock Trading & Investing Toolbox for the Rest of 2018 This seminar takes no prisoners. It kills all fakery, myths and confusion about what really works. Do not spend another dime on your portfolio before attending this seminar. Here’s why: #1: CLARITY. I’ve had the good fortune of working with many, many incredibly successful investors who’ve built 6-figure and 7-figure incomes and businesses worth millions, tens of millions  and the one thing they all have in common is relentless pursuit of clarity about what works; about reliable fundamentals that are not to be ignored. This seminar is that clarity. And you’ve never needed it more than now. when there is so much “confusion” about what to do, so much competition for your attention and investment. Whic...

This is a bill of exchange signed by one person in order to help another to raise a loan, the signatory or accommodation party is acting as guarantor, and normally does not expect to pay the bill when it falls due, accommodation bills are also known as kites, windfalls or windmills. The bill then can be discounted on the financial strength of the guarantor who remains liable until the bill is paid. Investdata Academy

Directors of Tripple Gee and Company, on Wednesday presented its audited financials for the year ended March 31, 2018, indicating that profit before and after tax recorded triple digit growth, despite the 23% rise in turnover and 168% increase in tax provision. Turnover for the period rose by N140.833m, or 23.4% from N601.722m in the corresponding period of 2017, to N742.56m; with the biggest contribution being N281.028m from packaging, as against the N79.116m; followed by N193.827m from printing services, up from N187.849m; and N170.232m from other printing services; just as ‘other packaging,’ which scooped the lion’s share of revenue last year, pooling N203.876m, adding just N97.473m this time around. Cost of sales jumped to N545.029m from N428.311m; resulting in gross profit of N197.531m, compared to the previous N173.411m, with raw materials consumed being the biggest expense head at N327.133m from N205.591m; salaries and wages gulped N111.374m, compared to N107.892m; whi...

Following recent bickering over padding and doctoring of the 2018 Federal budget between the Presidency and National Assembly, Civic tech transparency group- BudgIT, on Wednesday challenged the National Assembly on the lack of transparency of its budget process. In a series of tweets, reacting to the adjustments to the nation’s spending plan recently signed by President Muhammadu Buhari, BudgIT urged “NASS to publish its detailed actual expenditure that justifies its 2017 budget of N125bn.” It noted that “NASS made a poor defence of the increase in its budget by N14.5bn by stating that funding for other statutory agencies were increased and also mentioned need to overhaul to security architecture of the complex of the complex.” At a time the legislators jerked up their allocation, BudgIT wondered why they cut strategic funding for for tertiary health institutions in the country by 80% from N6bn recommended by the executive to just N1.2bn. “We find this very wrong that the...

Civic tech transparency group- BudgIT says the level of transparency among states in Nigeria is still very low with only 15 states or 41.66% of the country’s 36 federating units have made their 2018 spending plan (budget) assessible to the public, even with the year half-way gone. BudgIT, which is currently conducting a campaign to examine the level of transparency in through online assessment on the availability of public finance documents in State government domains, lamented that such secrecy is what breeds corruption and mediocre performance in states. It listed the 15 compliant state with available budget documents for 2018 as: Borno, Delta, Edo, Ekiti, Gombe, Kaduna, Kano, Katsina, Kogi, Kwara, Lagos, Nasarawa, Ondo, Plateau and Yobe. Even so, BudgIT, established with the aim of holding government accountable and creating an active citizenry to improve governance, added that only those of 13: Borno, Delta Edo, Ekiti, Gombe, Kaduna, Kano, Katsina, Kogi, Nasarawa, Ondo,...

Chellarams Plc became the first company with March year-end to present its audited financials for the year ended 2018 to the Nigerian Stock Exchange (NSE) on Wednesday, when it reported a 29.58% decline in sales revenue, just as administrative expenses soared by N2.63bn or 150%. The company’s operating loss was transformed into profit by a N2.665bn one-off gain on disposal of investments in equity, which resulted in profit before and after tax for the period. Specifically, sales revenue for the year fell by N3.668bn, or 29.58% from N12.4bn in the corresponding period of 2017, to N8.732bn, a breakdown of which trading and distribution of fast moving consumer goods, contributed dropped to N1.326bn, from N3.84bn. Industrial chemicals reduced marginally to N2.449bn from N2.728bn; ingredients grew fastest from N692.789m to N1.399bn; revenue from machinery climbed to N2.287bn from N1.11bn; and plastic film, N1.27bn, down from N3.822bn. By geography, the bulk of revenue for the peri...

The Central Bank of Nigeria (CBN) has made available the sum of $210m, to meet customers’ requests in various segments of the inter-bank foreign exchange market. The CBN, in its quest to meet demands in the various segments of the market offered $100m to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got a boost with the sum of $55m.  According to figures obtained from the Bank on Tuesday, June 26, 2018, customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55m. It will be recalled that the Bank last Thursday, June 20, 2018 intervened to the tune of $210m to cater for requests in the wholesale segment of the forex market. Meanwhile, the naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Tuesday, June 26, 2018. https:...

Rising Oil Prices May Boost Govt Spending, As Investors Eye Dividend Stocks Market Update for Week Ended June 22 and Outlook for June 25-29 Recovery of Nigerian stock market was once again halted last week as it closed lower after a protracted correction and volatility spanning over five months, keeping many stocks undervalued. It has also created ample opportunities for bargain hunters who understand the importance of technical analysis in trading and investing to position lower and sell higher. Technical analysis enables you identify bottoming out and support levels that gives insight of accumulation phase of the market cycle, thereby putting money in the pockets of inventors at the mark-up stage. As a result of the week’s loss, the NSE’s year-to-date return turned negative again at 1.00%, due to panic sell-offs and prolonged profit taking that started in late December 2017, despite which it still managed to emerge one of the best performing stock exchanges in the ...

A reversal is a change in the direction of a price trend which can be a positive or negative change against the prevailing trend. A reversal on the other hand can be referred to as a trend reversal, a rally or a correction. Simply put, a reversal occurs when a stock changes trend and starts to move in the opposite direction of previous price action. Psychologically, reversals can be incredibly difficult for even the most experienced investors to react to. This is because in the early stages of a reversal, the market still shows many indications of a continued move in the original direction. However, the sequence for the reversal is not always the same. Following a downtrend, the price may not make a higher high to spark the reversal. Instead, the price makes a higher low. The higher low indicates the trend may be in trouble. When the price starts to move higher again, it signals the downtrend is quite likely reversing. Investdata Academy

These are a few advantages and disadvantages of using Beta. ADVANTAGES  * Beta is a useful measurement for CAPM * It is a straightforward, quantifiable measure of risk  * knowing risk levels is helpful when investing and determining cost of equity  DISADVANTAGES  * Beta looks backwards, which makes it less useful for predicting future stock movements  * Beta does not incorporate or account for new information  * For long-term investors, beta is not as useful, since it can change greatly over time. In the meantime, beta is a useful tool for determining short-term risk and for calculating quantifiable measures of volatility to aid in finding equity costs. Though, it has its pros and cons like any other investing tools,but can be a great way to establish the stability and the volatility in ones portfolio. Investdata Academy

Recently, my cousin came for a seminar at Opebi and afterwards, he decided to pay me a visit although he told 2 weeks earlier. In the course of our conversation, he complained bitterly about an idea he has been trying to communicate to his Boss on different occasions but it always ends in futility. So, I told him to try different approach and be optimistic about it. An optimist will stop doing the same thing because  1. He knows boss is a human, so he can be reached and inspired regarding the idea.  2. Try as many method as possible to make him accept his idea. This is no different from the stock market either in bull or bear market. If your strategy is not working, you have to be an optimist who will stop doing the same thing because you know people are still making good returns in a bear market. Then like the advice to my cousin, try as many method as possible until you find the most effective one and this can be done through further know...

You undoubtedly aware of the many  discoveries about certain antioxidants food in foods, notably leafy vegetables, having such positive impact on the immune system that regularly consuming sufficient quantities of them can dramatically reduce risk of cancer as well as other diseases. For this reason antioxidant vitamins are the most popular and universally respected nutritional supplements. Imagine if you could manufacture antioxidants in your own mind and pump them through your body. According to E. P. Seligman a professor of psychology say there is an evidence that optimism boost the immune system. However, it seems that optimism is massively misunderstood. Most people have incorrectly see optimism as been cheerful, happy and positive never acknowledging adversity and problem. This sets up an impossible standard because you can be happy, positive at all times or a classical example is the bull market which is a positive and bear Market if not ca...

Blue Chip Stocks are shares of very large and well-known companies with a long history of sound financial performance. These stocks are known to have capabilities to endure tough market conditions. They generally cost high, as they have good reputation and are often market leaders in their respective industries. The term blue chip was derived from poker, with the blue chip having the highest value. Pension fund as well as mutual fund often invest in blue chip stocks because of their consistent record of profitability and dividend history. A blue chip stock is generally a component of the most reputable market indexes or averages such as ours the NSEASI (Nigeria Stock Exchange All Share Index). Investdata Academy