Posts

Showing posts from March, 2019

Investdata Daily Sentiment Report at March 29, 2019

Image
NSEASI buy 50% sell 50% volume index 5.76 MFI 8.77 Access buy 💯 MFI 80.73 Dangflour buy 0% MFI 84.84 Eti buy 💯 volume index 2.19 MFI 60.85 Fcmb buy 0% MFI 26.72 Fidelity buy 20% sell 80% MFI 49.38 GT buy 💯 MFI 73.54 Lasaco buy 0% volume index 3.43 MFI 57.61 Oando buy 0% MFI 47.60 Presco buy 💯 volume index 1.93 MFI 9.15 Sovereins buy 0% MFI 75.96 Transcorp buy 0% MFI 48.84 Uba buy 💯 volume index 0.94 MFI 40.89 Ubn buy 0% MFI 61.22 Ucap buy 0% MFI 83.22 Wema buy 💯 volume index 28.34 MFI 99.78 Zenith buy 67% sell 33% MFI 57.58
Image
https://investdata.com.ng/2019/03/corporate-actions-as-at-month-ended-march-29-2019/

Ecobank Group Nets N102.168bn Profit, Up 46%, As Impairment Losses Down 34.83%

Image
Despite a flat growth in gross earnings and 80.65% rise in tax for the period, the board of Ecobank Transnational Incorporated, on Thursday presented its audited financials for the year ended December 31, 2018, with profit after tax soaring by 46.22%. Besides improved management of the Pan-African group, there was also the 34.83% drop in impairment losses on loans and advances and other financial assets from N125.893bn in 2017, to N82.044bn. According to the result, gross earnings stood at N773.144bn from N763.633bn; out of which interest income stayed flat from N480.94bn to N475.144bn, mainly the N269.73bn income from customer loans and advances, a drop from N308.411bn; followed by the N74.588bn earnings from treasury bills, a rise from N64.676bn. Interest expenses increased by a marginal 2.47% from N181. 617bn, to N186.105bn, the lion’s share of which was the N115.715bn paid to customers, up from N100.564bn. This left net interest income at N289.039bn, down 3.44% fr

Amidst Weakening Indicators, Investors Look To Q1 Portfolio Realignments, Earnings Deadline

Image
Market Update for March 27 At the end of midweek’s trading session on the Nigerian Stock Exchange, the composite index slumped further on heightened cautious trading and indecision among market players as they interpreted the impact of the cut in Monetary Policy Rate by the Central Bank of Nigeria (CBN) on the economy and circular flow of funds. This, they seem to bd considering vis-a-vis Ngeria’s political correctness with the cnclusion of its 2019 general elections (a second supplementary election holds Thursday in Adamawa, home state of main opposition presidential candidate- Atiku Abubakar). All eyes are on government’s economy policy to see whether there are is any plan to stimulate its growth again in the new dispensation after had dragging feet in the last four years. Analysts however say the CBN rate cut may not achieve the desired result, given the magnitude of the bottlenecks the economy must grapple with (READ). Investdata believes the rate cut can yet boost Nigeria ec

Investdata Daily Sentiment Report as at March 28th, 2019

Image
NSEASI buy 7% sell 93% MFI 13.64 Access buy 33% sell 67% MFI 81.74 Afrprud buy 💯 MFI 73.80 Cadbury buy 0% volume index 5.48 MFI 71.31 Fbnh buy 33% sell 67% MFI 72.82 Fcmb buy 0% MFI 27.03 Fidelity buy 💯 MFI 54.03 GT buy 0% MFI 72.74 Jaiz buy 0% MFI 18.70 Lasaco buy 0% volume index 1.57 MFI 42.12 Nascon buy 0% volume index 2.24 MFI 26.29 Presco buy 0% volume index 2.48 MFI 0.00 Sterling buy 96% sell 4% volume index 2.91 MFI 51.27 Transcorp buy 0% MFI 54.77 Uba buy 50% sell 50% MFI 31.92 Wema buy 0% MFI 22.71 Zenith buy 💯 volume index 0.97 MFI 63.83

Implication of rate cut

Image
                                          Image Credit: Business Standard The oscillating sentiment is likely to continue, despite the low valuation of our market now. The cut is expected to trigger flow of fund and economic activities that support growth and improve corporate earnings that drive stock price, especially if government policy and economic reforms will complement this monetary policy move in this new dispensation.  Because the rate cut is still small from 14% to ,13.5% the impact will not be much now.  But a step in the right direction if we want to reduce unemployment

Money Flow Index, Confidence Nose-dive, As Price Drops Offer Entry Prospects On NGSE

Image
Market Update for March 25 The twin evil of dwindling confidence and low liquidity on the Nigerian Stock Exchange (NSE) have continued to militate against it, judging by yet another fall in its benchmark indicators on Monday, the first trading session of the week. This was despite impressive earnings from Julius Berger and 11 Plc released last week but failed to elicit any kind of market reaction, instead, it suffered a decline, reversing Friday’s up market. From the political perspective and despite the electoral season ending with the March 23 supplementary elections in six states, the lack of trust in Nigeria’s electoral process may not change so soon. The market has also suffered from the lack of economic news strong enough to change the narratives, but we wait to see whether there could be a pull from the ignited by the outcome of Tuesday’s Monetary Policy Committee (MPC) meeting that could affect the direction of the market. But then, this may not happen, give media reports

Investdata Daily Sentiment Report as at March27th, 2019

Image
NSEASI buy 36% sell 64% MFI 13.22 Access buy 33% sell 67% MFI 80.02 Afrprud buy 💯 MFI 61.59 Aiico buy 💯 volume index 2.07 MFI 39.40 Dangcem buy 💯 volume index 0.72 MFI 26.30 Dangflour buy 86% sell 14% volume index 1.44 MFI 85.99 Eti buy 0% MFI 57.32 Fbnh buy 💯 volume index 1.45 MFI 69.87 Fcmb buy 0% MFI 31.29 Fidelity buy 💯 MFI 54.03 GT buy 67% sell 33% MFI 64.62 Mobil buy 💯 volume index 1.79 MFI 43.49 Npf buy 0% volume index 2.81 MFI 50.04 Oando buy 💯 MFI 49.55 Presco buy 💯 volume index 3.80 Transcorp buy 0% MFI 55.77 Uba buy 25% sell 75% MFI 39.75 Ubn buy 0% volume index 1.26 MFI 76.74 Ucap buy 80% sell 20% volume index 1.12 MFI 78.32 Unilever buy 0% volume index 1.62 MFI 94.43 Wapco buy 💯 MFI 23.77 Wema buy 0% MFI 27.04 Zenith buy 17% sell 83% MFI 62.93

CBN Rate Cut: Investors Await New Policy Direction Amidst Low Liquidity

Image
Market Update for March 26 Nigeria’s equity market had a mixed session on Tuesday, staying negative even as the investing community is expecting more corporate earnings reports ahead of this weekend’s statutory deadline for submission of 2018 full year audited financials draws closer. The cautious trading during the session was obvious as reflected in the volume traded, with investors and traders stylishly looking to the outcome of two-day Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting which ended Tuesday. The meeting came with a surprising and even unexpected rate cut which caught of many analysts unawares. The rates had stagnated at 14% for over three years. Even Godwin Emefiele, the chairman, who is also CBN Governor, had reported hinted that the rate could stay same (READ MORE). That notwithstanding however, the rate cut was long expected and overdue, if only to reduce cost of funds and propel economic activities that will drive the needed growth of a

Investdata Daily Sentiment Report as at March 2th, 2019

Image
NSEASI buy 32% sell 68% MFI 12.92 Access buy 14% sell 86% MFI 83.03 Aiico buy 💯 volume index 1.67 MFI 42.22 Ccnn buy 0% volume index 1.34 MFI 47.03 Dangcem buy 0% MFI 4.61 Dangflour buy 💯 MFI 81.84 Eti buy 💯 volume index 0.91 MFI 62.76 Fbnh buy 0% volume index 0.83 MFI 63.06 Fcmb buy 33% sell 67% MFI 29.87 Fidelity buy 28% sell 72% MFI 47.07 GT buy 0% volume index 2.33 MFI 70.12 Honyflour buy 💯 volume index 0.77 MFI 31.41 Lasaco buy 0% MFI 42.67 Nascon buy 0% volume index 2.60 MFI 32.20 Nem buy 0% volume index 2.48 MFI 45.41 Npf buy 💯 volume index 1.70 MFI 56.80 Oando buy 0% volume index 1.08 MFI 45.67 Presco buy 💯 volume index 15.52 MFI 0.00 Sovereins buy 💯 MFI 73.77 Transcorp buy 0% MFI 52.88 Uba buy 67% sell 33% MFI 38.67 Ubn buy 💯 MFI 68.48 Ucap buy 25% sell 75% volume index 1.14 MFI 77.15 Zenith buy 0% volume index 0.92 MFI 55.79 www.investdataonline.com

We Really Appreciate You

Image
With our deepest appreciation, we want to thank everyone that participated in the InvestData 2019 Post-Election Bulls and Bears Workshop on Saturday 23rd March, 2019 at Chida International Hotel, Plot 224, Solomon Lar Way, Utako District, Abuja However, for those who did not participate, we also thank you for your response. That is for giving us the feedback that you won't be around because of some commitment that have been agreed on prior the date of the seminar. Finally, just like we did for Abuja, we will also be at PortHarcourt on the 13th of April, 2019. REGISTRATION will open soon. Be ready to take your 2019 investment by the horn. Dedicated to Your Financial Success Ambrose Omordion

BUY AND SWLL SIGNAL

Image
Hello Investors, The, buy & sell signal for this week have been posted on the membership site for you. Pls click on the long link for this week download. Furthermore, you need to login on the membership site before you can have access to it. Kindly click on the below link now to login with your username and password  http://investdataonline.com/buy-sell-signal/ To Your Success Investdata Consulting. P.S. You need to act fast. You know time wait for now.

SEC Begins Talks With CBN On Margin Lending, Inclusion Of Bank Shares

Image
The Securities & Exchange Commission (SEC), at the weekend said it has commenced talks with the Central Bank of Nigeria (CBN) as part of efforts to fine-tune issues related to margin lending in the nation’s capital market. Addressing newsmen on Friday in Lagos on the deliberations at the 2019 first quarter Capital Market Committee (CMC) meeting held on the previous day, Ms. Mary Uduk, acting director-general of the SEC, reported that deliberations are however “still ongoing on the inclusion of bank shares in the margin list.” Investopedia defines margin lending as a programme through which institutions “allows an individual to borrow money for the purposes of investing it. The amount of credit loaned is based upon the amount of assets held by the borrower, which are pledged as collateral on the loan. This programme is often used by individuals who want to invest more than they currently are investing, and are willing to take on the risk of this type of loan.” Inve
Image
The Securities & Exchange Commission (SEC), at the weekend said it has commenced talks with the Central Bank of Nigeria (CBN) as part of efforts to fine-tune issues related to margin lending in the nation’s capital market. Addressing newsmen on Friday in Lagos on the deliberations at the 2019 first quarter Capital Market Committee (CMC) meeting held on the previous day, Ms. Mary Uduk, acting director-general of the SEC, reported that deliberations are however “still ongoing on the inclusion of bank shares in the margin list.” Investopedia defines margin lending as a programme through which institutions “allows an individual to borrow money for the purposes of investing it. The amount of credit loaned is based upon the amount of assets held by the borrower, which are pledged as collateral on the loan. This programme is often used by individuals who want to invest more than they currently are investing, and are willing to take on the risk of this type of loan.” I

Investdata Corporate Actions As At Friday, March 22, 2019

Image
https://investdata.com.ng/2019/03/investdata-corporate-actions-as-at-friday-march-22-2019/

Investdata Weekly Sentiment Report as at March 25th, 2019

Image
NSEASI buy 94% sell 6% volume index 0.87 MFI 44.97 Access buy 64% sell 36% volume index 3.96 MFI 65.44 Afrprud buy 17% sell 83% volume index 1.13 MFI 60.99 Aiico buy 58% sell 42% MFI 24.03 Cadbury buy 0% volume index 1.87 MFI 47.39 Caverton buy 💯 MFI 75.65 Ccnn buy 💯 MFI 47.15 Custodian buy 💯 MFI 40.13 Cutix buy 0% volume index 0.83 MFI 49.73 Dangcem buy 84% sell 16% MFI 46.40 Dangflour buy 82% sell 18% volume index 2.95 MFI 72.22 Dangsugar buy 80% sell 20% volume index 0.94 MFI 56.91 Eterna buy 💯 MFI 62.09 Eti buy 0% MFI 53.04 Fbnh buy 75% sell 25% MFI 71.17 Fcmb buy 85%  sell 15%  MFI 58.86 Fidelity buy 89% sell 11% volume index 0.84 MFI 63.75 Fmn buy 0% volume index 1.44 MFI 57.66 FO buy 86% sell 14% volume index 0.79 MFI 51.33 Glaxo buy 29% sell 71% MFI 41.01 GT buy 💯 MFI 58.58 Jaiz buy 80% sell 20% MFI 81.68 Lasaco buy 💯 volume index 0.84 MFI 60.18 Linkass buy 20% sell 80% volume index 0.94 MFI 57.40 Lvstk buy 💯 volume index 0.94 MFI 56.58 Mben b

Africa Prudential: Robust Earnings, Juicier Dividend Payout, Happier Shareholders

Image
African Prudential Plc, the only listed company offering share registrar and related services in the country, recently presented its scorecards for the full-year ended December 31, 2018 to the Nigerian Stock Exchange (NSE), exactly same date it laid that of 2017 before the market. This has stood the company out among the early filers that enable investors make proper investment decision and projections in good time. A major highlight of the report was the impressive dividend payout on the strength of its strong performance, despite an unstable financial market environment and economic situation as reflected by the mixed economic data released in recent times. It must be noted that the company’s decision to diversify its operations and ensure achieve long term sustainability and viability that would support its price on the exchange, thereby creating value for all stakeholders continues to reflect in the numbers. The strategic rolling plan and projection of Afriprud should guide l

Expect Mixed Performance, As Investors Await More 2018 Earnings Reports

Image
Market Update for March 21 Thursday’s trading activities on the Nigerian Stock Exchange (NSE) was again very volatile and mixed, closing lower as the composite index extended its sixth consecutive day losing streak on a positive market breadth and low traded volume. The continued decline was widened due to price adjustments of Seplat Petroleum Development Company and Stanbic IBTC Holdings for dividend declared by the directors, as well as profit booking in banking stocks. After the trading session Julius Berger 2018 full year earnings report was made available with final dividend of N2.00, showing impressive numbers which the market has not reacted. The NSE All-Share index gapped down at the opening session and was down nearly all day, gapping down in large wedges and eventually closing to the downside. Only in late afternoon did it retrace up marginally. It is however noteworthy that the index touched intraday high of 31,077.89 basis points before breaking down the psychologi

Investdata Daily Sentiment Report as at March 22nd, 2019

Image
NSEASI buy 13% sell 74% volume index 0.74 MFI 24.24 Access buy 75% sell 25% volume index 2.70 MFI 83.64 Afrprud buy 💯 volume index 0.76 MFI 59.12 Aiico buy 💯 volume index 1.00 MFI 29.93 Cadbury buy 0% volume index 4.61 MFI 72.08 Dangcem buy 0% MFI 27.55 Dangflour buy 💯 volume index 1.47 MFI 76.27 Eterna buy 💯 volume index 1.15 MFI 64.34 Fbnh buy 0% volume index 0.92 MFI 73.71 Fcmb buy 33% sell 67% MFI 34.17 Fidelity buy 91% sell 9% volume index 0.84 MFI 60.79 GT buy 19% sell 81% MFI 67.03 Mben buy 💯 volume index 1.84 MFI 34.94 Oando buy 💯 MFI 53.15 Royalex buy 50% sell 50% volume index 1.50 MFI 21.02 Seplat buy 0% volume index 3.55 MFI 0.00 Sovereins buy 💯 MFI 73.36 Sterling buy 💯 MFI 71.23 Transcorp buy 75% sell 25% MFI 61.27 Uba buy 0% volume index 0.90 MFI 56.85 Wapic buy 0% volume index 1.05 MFI 61.50 Wema buy 💯 volume index 0.74 MFI 33.18 Zenith buy 23% sell 77% volume index 0.86 MFI 66.80

Bad Loans: AMCON MD Seeks Reintroduction Of Failed Bank Act

Image
Miffed perhaps by the unwillingness of recalcitrant debtors to repay huge toxic loans purchased from banks about 10 years ago or more, chief executive of the Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, on Wednesday in Lagos, urged the Federal Government to consider reviving the Failed Bank Act 1994. Kuru who hosted officials of Risk Management Association of Nigeria (RIMAN) at AMCON Lagos office, said reintroducing the Act into the country’s financial system will curtail the current trend of financial rascality on the part of some bankers, besides making operatives in the sector accountable for their actions. The Failed Banks (Recovery of Debts) And Financial Malpractices in Banks 1994 No. 18 was promulgated by the regime of General Sanni Abacha, following the rising rate of bank failures in the country. Under the law, a person convicted or against whom a judgment is given could within 21 days of the conviction or judgment, appeal to a SpeciaL Appeal Tribu

Investdata Daily Sentiment Report as at 21 March, 2019

Image
NSEASI buy 29% sell 71% MFI 23.55 Access buy 💯 volume index 2.52 MFI 71.60 Aiico buy 0% volume index 1.34 MFI 22.20 Cadbury buy 💯 volume index 1.85 MFI 52.22 Cutix buy 0% volume index 1.24 MFI 32.11 Dangflour buy 💯 volume index 0.73 MFI 71.51 Dangsugar buy 💯 MFI 43.46 Fbnh buy 0% MFI 74.78 Fcmb buy 20% sell 80% volume index 0.92 MFI 44.11 Fidelity buy 💯 volume 1.10 MFI 63.71 GT buy 💯 MFI 64.09 Nahco buy 💯 volume index 2.59 MFI 0.00 Nascon buy 💯 MFI 65.78 Oando buy 67% sell 33% volume index 0.88 MFI 39.75 Sovereins buy 0% volume index 2.44 MFI 72.07 Transcorp buy 💯 MFI 41.78 Uba buy 40% sell 60% MFI 55.61 Ucap buy 0% MFI 71.65 Wapic buy 💯 volume index 1.64 MFI 63.87 Wema buy 💯 MFI 30.72 Zenith buy 💯 MFI 55.94