Invest Data Consulting Ltd

Market Update for April 29 Monday’s trading activities on the Nigerian Stock Exchange (NSE) extended the bearish mood, into the week amidst caution by investors as the Q1 earnings season winds down to ushers in fresh opportunities for portfolio reshuffling and repositioning for the new month, bearing in mind the weak numbers and mixed performance posted so far. It is expected at this point that market players are looking forward to various economic developments and individual equities’ fundamental positions and news, which are likely to keep the market in this oscillation wave until end of Q2 as the government prepares for a new dispensation. This is just as the 2019 federal budget has not been passed into law by outgoing National Assembly, barely one month to the end of its four-year lifespan. We therefore recommend that traders should be fully abreast of both economic and individual equity’s fundamental developments as they combine fundamentals and technical tools in making t...

Company: NIGERIAN BREWERIES PLC (NB) Rating: Hold Current Market Price at Earnings Release: N64.00 Intrinsic Value: N75.03 Latest Cash Div: N1.83 Equity Analyst: Jeariogbe Tunde Segun Key Financial Tickers: • This report assessed the financial statistics of Nigerian Breweries for the first three months of 2019 and compared the same with the corresponding period of 2018 to established growth/decline where appropriate. • All key financial indices reported show that performance during the quarter stood below that of the corresponding period of 2018. • In other words, estimated ratios stemmed below that of the corresponding quarter. • Safe for the Cost of Sales Margin that slightly improved, other observed Profitability Ratios in this report stood below corresponding quarter estimates. Nigerian BreweriesPlcStrength • NB is Nigeria’s largest brewing group, controlling over 60% of the country’s beer market. • The Group has a well-diversified product portfolio comprisin...

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     Photo credit: Moneylenderpro Starting from Now, Using This Philosophy Will Transform Your Investment It is Ambrose Again, I could still remember when market crashed in 2008/2009 I blamed 1. The government 2. The economy 3. People's quick fix Mentality 4. Society at large 5. Government policies 6. Companies 7. Directors of different companies etc. After several study and research, I found out that one thing is missing, one thing all other ones affect is not there. As a result, I tore where I wrote this list and wrote one thing Me. Simply put, I am responsible for any result I am currently getting. Besides, disappointment is a gift reserve for every single investor. However, it is your response that matters a lot. For a better understanding, there were 2 investors that have been affected by a bearish Market. The first investor says this market is just going here and there. I will just withdraw my fund then wait until it gets better. While the s...

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Market Update for the week ended April 26 and Outlook for April 29-May 3 Profit booking and price adjustment on the Nigerian Stock Exchange during last week helped to short-lived previous week’s bullish transition on the Nigerian Stock Exchange (NSE), in the midst of mixed sentiment as its benchmark All-Share index closed lower at the peak of the Q1 earnings reporting season. The market’s continued mixed performance has weakened the recent seeming recovery move, with the bears winning the battle ahead of the new week, which ends the month of April, pushing the NSE index below the 30,000 basis points psychological line as other indexes closed lower on a high volume traded, which reflected sell-offs during the period. The intra-week low of 29,740.40bps shows the bears are still in charge, just as Friday’s bearish move indicates that traders and investors are merely awaiting positive news, and indeed hints of the government’s economic policy direction that can drive economic activi...

Barely 24 hours to the annual general meeting where shareholders will consider its performance for the full year ended December 31, 2018, the board of Fidelity Bank Plc, on Thursday presented its unaudited financials for the first quarter ended March 31, 2019, showing that profit grew faster than earnings. The profit rise despite the 106.76% rise in income tax expense, could have been more significant, but for the 47.44% increase in credit loss expense; even as fee and commission income rose 39.52%, while cost notched 11.4%; just as operating income soared by 348.56%. Gross earnings rose by 11.81% from N43.33bn in the first quarter of 2018, to N48.44bn; despite the marginal 2.64% increase in interest and similar income from N37.68bn to N38.67bn; and expenses from N21.5bn to N22.9bn. Net interest income, therefore, stood at N15.77bn, down by 2.52% from N16.18bn. Credit loss expense jumped to N1.04bn from N0.7m; resulting in net interest income after credit loss expense...

Nigeria’s energy giant, Oando Plc, on Thursday presented its unaudited financials for the first quarter ended March 31, 2019, showing some promise for full-year, if the management would sustain the tempo, even as operating costs continue to pale the effects of rising revenue and ‘reversal of receivables’ for the period. Revenue for the period, for example, rose by N17.463bn, or 11.56%, from N150.546bn in the 2017Q1 to N168.009bn; while the cost of sales rose by a faster N22.194bn or 18.1% to N23.209bn from N122.605bn. Gross profit, therefore, dropped by N4.732bn or 16.94% to N23.209bn, compared to the previous N27.941bn. Other operating expense stood at N1.457bn, as against the N802.279m income; just as N9.951bn was recorded as the reversal of receivables, up from the N275.886m impairment in the corresponding Q1. Administrative expenses rose by about N1bn from N13.579bn to N14.603bn; resulting in operating profit of N17.1bn, which increased by N2.212bn or 14.86% from N14....

The board of Cement Company of Northern Nigeria Plc, on Thursday presented its first post-merger financials (first quarter ended March 31, 2019), showing triple-digit growth across the major line items, faster than the operating cost sub-heads, even as Earnings Per Share fell 67.82%, arising from the additional shares in issue owing to its business combination with Kalambaina Cement Company last year. Sales revenue for the period rose by 213.07% from just N5.394bn in the first quarter of 2018 to N16.886bn; out of which cost of sales stood at N9.198bn, up by 193.8% from the N3.13bn reported in 2018. The bulk of this was the N5.005bn energy cost, which climbed from N2.269bn; which was followed by the N1.43bn depreciation (factory), up from N157.368m. Gross profit, therefore, jumped by 239.72% to N7.688bn from N2.263bn. Other income dropped by 98.16% from N116.845m to N2.153m; selling and distribution costs fell to N1.008bn,  ompared with N245.867m; net finance cost, t...

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Currency-in-Circulation across the nation continued its rise and fall, dropping N88.093bn or 3.93% month-on-month in March 2019, according to data available on the website of the Central Bank of Nigeria (CBN) on Tuesday evening. According to the CBN, currency outside of bank vaults across the country stood at N2.153tr at the end of March, declining from the N2.241tr recorded at the end of February. On a Year-to-Date basis, currency in circulation dropped by N176.486bn or 7.58% from N2.329tr reported at the end of December 2018. The high volume of cash within the system has been blamed on election spending within the period, given that the nation’s general election finally began on February 23, after a week’s delay with the Presidential and National Assembly polls. This was followed on March 6, 2019, by the Governorship and House of Assembly elections. Recall that there were several rerun elections at weekends and even some weekdays during the month under review in the cases of i...

In continuation of its mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210m to sustain liquidity in that segment of the market. According to the figures released by the apex bank, authorized dealers in the wholesale segment of the market were offered $100m, while those in the Small and Medium Enterprises (SMEs) segment got $55m. Customers purchasing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allotted a total of $55m. Confirming the transactions, CBN’s Head of Corporate Communications, Isaac Okorafor reiterated its readiness to ensure the availability of foreign exchange in order to ensure continued stability in the markets. In its last intervention on Thursday, April 18, 2019, the CBN injected the sum of $254.8m and CNY34.8m into the Retail Secondary Market Intervention Sales (SMIS) segment. Mea...

The share price of Dangote Flour Mills soared by almost maximum 10% on Tuesday, April 23, 2019, following an announcement that its owners had reached a binding agreement to transfer it whole and entire (but without encumbrances) to Olam International, a commodity trading company of Singaporean origin (READ MORE). Investdata Consulting Ltd, in the chart above, shows the price movement of DFM since October 14, 2012, when its owners- Dangote Industries Limited, the holding company of Alhaji Aliko Dangote, Africa’s richest man yet, sold 65% of its holdings to Tiger Brand at N9.50, retaining 10%. It however repurchased (call it ‘re-acquired’) the company on February 24, 2016, at a paltry N1.24 after almost four years of posting losses, thereby making a kill, like every smart investor. The company returned to profit again immediately Dangote Group took it over. The directors rewarded shareholders with 20 kobo dividend per share after five years of waiting and hoping that things coul...

Many investors wonder whether they should invest in stocks. Before deciding to invest, it's important to have an accurate understanding of stocks and trading rather than blindly accepting common myths. Here are five of those myths and the truth behind them. 1. Investing in Stocks Equates to Gambling This reasoning causes many people to shy away from the stock market. To understand why investing in stocks is inherently different from gambling, we need to review what it means to buy stocks. A share of common stock represents ownership in a company. It entitles the holder to a claim on assets as well as a fraction of the profits that the company generates. Too often, investors think of shares as simply a trading vehicle, and they forget that stock represents ownership. In the stock market, investors are constantly trying to assess the profit that will be left over for shareholders. This is why stock prices fluctuate. The outlook for business conditions is always changing, an...

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Investdata is a Financial Consulting Company We offer professional training and Consultation on Stock Trading, Buy & Selling of shares, Risk Investment, Export & Import trade and Financial Security, Investment Education and Training, Investment Education and development of Trading Methodology to enhance investor’s profitability. info@investdataonline.com info@investdata.com.ng ambrose.o@investdataonline.com ambroseconsultants@yahoo.com Tel: 08028164085, 08032055467 www.investdataonline.com

(1). Africa Prudential, download it here 👇 http://sec.gov.ng/wp-content/uploads/2016/04/Afric-Prudential-EDMMS-Form_2018.pdf (2). All Crown Registrars, download here 👇 http://sec.gov.ng/wp-content/uploads/2016/04/All-Crown-Registrars_E-dividend-Mansate-Form.pdf (3). Apel Registrars, download here 👇 http://sec.gov.ng/wp-content/uploads/2017/11/E-DIVIDEND-MANDATE-FORM.pdf (4). CardinalStone Registrars, download here 👇 http://sec.gov.ng/wp-content/uploads/2016/04/CardinalStone-Registrars_e-DIVIDEND-MANDATE-FORM.pdf (5). Centurion Registrars,  download here 👇 http://sec.gov.ng/wp-content/uploads/2016/04/Centurion-Registrars_-e-DIVIDEND-MANDATE-FORM.pdf (6). DataMax Registrars 👇 http://sec.gov.ng/wp-content/uploads/2016/04/DataMax-e-DIVIDEND-MANDATE-FORM.pdf (7). EDC Registrars 👇 http://sec.gov.ng/wp-content/uploads/2016/04/e-Dividend-Mandate-Activation-Form-of-EDC-Registrars.pdf (8). First Registrars 👇 http://sec.gov.ng/wp-content/uploads/2017/11/First...

Market Update for the week ended April 18 and Outlook for April 23-26 The Nigerian Stock Exchange (NSE) in the past week had a positive outing, halting five consecutive weeks of decline on the back of seemingly positive economic data released by the National Bureau of Statistics (NBS) and inflow of mixed Q1 earnings reports to the market in the period under review. The reports from the financial services and consumer goods sectors so far are weak, just in line with Investdata’s expectations, but given the prolonged decline in equity prices, the scorecards could be catalysts if the ongoing buying interest is sustained next week as more Q1 numbers hit the market. Meanwhile, the Central Bank of Nigeria (CBN) is easing gradually, while inflation rate is lowering, as revealed through the Consumer Price Index (CPI), a measure of the average change in the general price level of all items, which declined Year-on-Year in the month of February, from 11.31% to 11.25%. This represents the t...

Portfolio management means different things to different people but, in general, it is a way of balancing risks and rewards. And while the goal of any investment strategy seems straightforward – make money – it often depends on an investor's circumstances. For example, a young person who is new to the full-time workforce might reasonably expect his investment portfolio to grow and provide him with a nest egg when he retires. Conversely, an older worker may simply want to hold on to what she has already accumulated. To satisfy the desires of both types of investors (along with the desires of others) individualized approaches are needed. Things to Consider When deciding on the right portfolio blend, keep these things in mind: 1. Goals – Exactly what is it that you are trying to accomplish? Is your objective to accumulate wealth or to hold on to what you already have? 2. Risk Tolerance – How do you handle the day-to-day fluctuations of the market and the consequent rise a...

Recently, Tiger Woods won the Masters golf tournament in Georgia. The entire world celebrated him including the several athletes like Serena Williams, Jack Nicklaus, Tom Brady. In fact, President Donald Trump and former president of the United States Barrack Obama also Congratulated him. It was seen as one of the greatest comeback in history. However, you might be wondering what made this special. To be frank, this guy life was shattered into pieces when had a divorce. Divorce is not a good experience (I knew of a friend who got divorced for over 5 years and that will always be our conversation whenever we meet. It is like yesterday to him). Tiger Woods have been arrested for drunk driving and other related issues; this was shown worldwide. Furthermore, from world number one, he was no were to be found among the top 1000 golfers in the world. It was either from one issue to another. To the extent that he had to stay off professional golf in other to settle his marital issues. ...

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Market Update for April 15 Trading activities on the Nigerian Stock Exchange on Monday was yet volatile, closing lower, even as it cut short the seeming uptrend expected to confirm the real recovery after three sessions of upmarket. The profit booking which halted the trend was not surprising, given that the market is still looking to positive factors like the expected Q1 numbers, government policy, and liquidity to support the recent reversal. Monday’s trading opened higher in the morning but drifted lower and at one point swung from intraday high of 29,630.86 basis points, to a low of 29,484.93bps. It bounced around all afternoon, and in the last minute closed to the downside. However, despite profit taking that hit the market, breadth remained positive in the midst of mixed sentiments. As we discussed last week, the position of Q1 earnings likely to hit the market this week, as well as economic data, especially the March inflation figure released Tuesday morning, will dete...