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Ambrose Here Again, You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. You are able to say to yourself, 'I lived through this horror. I can take the next thing that comes along... Eleanor Roosevelt There are different types of fear. Precisely, 5 types of fear govern our lives whether you like it or not. However, its effect depends on your response because of E+R=O (E=Event, R=Response, and O=Outcome). So, in today's Market, E(bear Market) + Response (what are you doing currently, are you blaming the government, your stockbroker, self-pity, change of strategy by constant learning and research) =Outcome. Hence, this invariably means that you can not control what happens in the market or your life but what you have control over is your response to the event. So, instead of you to stop investing in the stock market or lay low for a while until this phase ends, conquer your fear, don't sit home and think a...

Market Update for January 29 Nigeria’s equity market at the midweek extended its negative stance for the third consecutive session as investors tread with caution in the midst of selloffs in high cap stocks, amidst reactions to last week’s decision of the Monetary Policy Committee hiking Cash Reserves Requirements to 27.5%. This has expectedly triggered a circular flow of funds in the financial market as a result of portfolio rebalancing among institutional investors and fund managers. The mixed earnings reports emanating from listed companies in their bid to meet the 30-day statutory deadline for filing the last quarterly numbers of 2019 are yet to impact the market. The reason may not be far-fetched, given that these reports are unaudited, just as there are not yet any proposals of dividend for investors, besides enabling discerning investors and traders to reposition their portfolios ahead of the audited the accounts that will come with corporate action in two weeks’ time. A...

Market Update for January 28 The Nigerian Stock Exchange NSE), again closed lower on Tuesday as players extended their profit-taking, as reactions to last week’s decision of the Monetary Policy Committee meeting, especially the adjustment of the Cash Reserve Requirement of banks continued, taming the rising trend in inflation while controlling excess liquidity in the financial system. This has sustained the seeming correction, amidst assets repricing and rebalancing, with more companies presenting their unaudited financials for Q4 ended December 31, along with the unaudited full-year 2019. These are expected to give investors an insight into what to expect between now and March 31, the 90-day deadline for filing audited account. Nine companies released their quarterly earnings reports on Tuesday, a breakdown of which showed that Q3 numbers came from Red Star Express, Airtel Africa and Chellarams, while Q4 results came from CAP, SAHCO, Total Nigeria, Ekocorp, Abbey Mortgagee and ...

NSEASI buy 17% sell 83% volume index 0.70 MFI 43.91 Access buy 💯 MFI 35.57 Aiico buy 💯 volume index 1.58 MFI 83.99 Eti buy 50% sell 50% volume index 1.02 MFI 43.97 Fbnh buy 0% MFI 42.41 Fcmb buy 💯 volume index 23.47 Fidelity buy 0% volume index 0.89 MFI 28.78 GT buy 15% sell 85% volume index 1.22 MFI 35.91 Jaiz buy 50% sell 50% MFI 27.95 Mtnn buy 0% volume index 2.90 MFI 61.35 Nem buy 0% volume index 2.51 MFI 55.27 Transcorp buy 💯 MFI 38.97 Uacn buy 0% volume index 0.71 MFI 74.84 Uba buy 0% MFI 59.80 Ubn buy 💯 volume index 1.83 MFI 47.04 Ucap buy 67% sell 33% volume index 0.73 MFI 37.59 Unity buy 0% volume index 0.99 MFI 3.61 Wapco buy 97% sell 3% MFI 77.04 Zenith buy 75% sell 25% volume index 1.12 MFI 34.77

Market Update for January 27 Nigeria’s stock market closed lower on Monday amidst assets repricing, portfolio rebalancing, and profit-taking, as investors and traders interpret the impact of the recent adjustment in the Cash Reserve Requirement set by the Central Bank of Nigeria last week at its Monetary Policy Committee meeting to 27.5% from 22.5%. Prices of banking and Consumer Goods stocks wobbled, with a negative impact on the NSE’s composite All-Share index as fear of likely reversal in the CBN’s Open Market Operation restrictions. Construction giant- Julius Berger Plc presented its full-year earnings report after trading hours on Monday, showing impressive and strong numbers likely to support price movement, especially when the directors announce the corporate action. Revenue for the period was rose 36% to N264.56bn from N194.62bn in 2018, while bottom-line stood at N10.3bn, up from N6.1bn in the previous year, resulting in Earnings Per Share of N8.00, compared to N5.30 ea...

NSEASI buy 17% sell 83% volume index 0.73 MFI 53.75 Access buy 💯 MFI 34.20 Afrprud buy 0% volume index 1.64 MFI 74.38 Aiico buy 0% MFI 81.15 Chams buy 💯 volume index 1.05 MFI 58.67 Fbnh buy 67% sell 33% volume index 0.73 MFI 56.41 Fcmb buy 75% sell 25% volume index 0.82 MFI 21.27 Fidelity buy 0% volume index 1.75 MFI 25.25 Fidson buy 💯 volume index 1.05 MFI 27.29 GT buy 83% sell 17% volume index 0.78 MFI 44.44 Jaiz buy 0% volume index 1.21 MFI 33.72 Lasaco buy 0% volume index 1.63 MFI 23.20 Nahco buy 💯 volume index 1.87 MFI 80.06 Nem buy 💯 volume index 3.95 MFI 67.01 Sterling buy 💯 MFI 61.07 Transcorp buy 0% MFI 62.92 Uacp buy 67% sell 33% volume index 9.31 MFI 0.00 Uacn buy 💯 MFI 77.91 Uba buy 67% sell 33% MFI 52.82 Ucap buy 💯 volume index 1.17 MFI 54.10 Unity buy 0% volume index 2.17 MFI 3.36 Wapco buy 33% sell 67% MFI 81.41 Wapic buy 💯 MFI 96.27 Wema buy 0% MFI 48.61 Zenith buy 50% sell 50% volume index 0.85 MFI 46.45

NSEASI buy 0% volume index 1.29 MFI 62.26 Access buy 0% MFI 44.87 Chams buy 💯 volume index 2.20 MFI 59.08 Custodian buy 0% volume index 2.08 MFI 100.00 Dangsugar buy 0% volume index 1.38 MFI 33.24 Eti buy 💯 volume index 4.05 MFI 60.96 Fbnh buy 0% MFI 70.41 Fcmb buy 💯 volume index 1.11 MFI 42.58 Fidelity buy 0% MFI 49.02 GT buy 0% volume index 1.41 MFI 51.83 Jaiz buy 💯 volume index 1.09 MFI 52.10 Lasaco buy 💯 MFI 28.01 Nahco buy 💯 volume index 1.21 MFI 79.55 Oando buy 💯 MFI 64.03 Transcorp buy 25% sell 75% MFI 72.12 Uacn buy 25% sell 75% MFI 73.90 Uba buy 0% MFI 68.24 Ucap buy 50% sell 50% volume index 1.44 MFI 65.37 Unity buy 0% volume index 2.38 MFI 5.09 Vitafoam buy 💯 volume index 4.73 MFI 89.99 Wema buy 💯 MFI 65.07 Zenith buy 23% sell 77% volume index 1.15 MFI 56.05

Ambrose Here, It is not the strongest or the most intelligent who will survive but those who can best manage change. Leon C. Megginson Recently, after a hectic day caused by the traffic jam, as Lagosians, our traffic jam is mostly caused by an unknown event because you cannot pinpoint what is really the cause. So, I turned to the box office to watch a movie  Red Cliff- The movie gives you a massive insight into how indecision can change the cause of history and destiny. General Cao Cao, the Prime Minister of the Han Dynasty, coaxes Emperor Han to wage a war against two kingdoms in order to unite China. However, the two regions formed an alliance to defend themselves. On the final showdown which took place on the sea, General Cao Cao lost the battle because he wanted to drink tea with a newly found maiden. His men screamed, shouted begged for permission to attack the enemy while the wind was still in their favor but unfortunately, he was distracted, procrastinated an...

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

Market Update for the Week Ended January 24 and Outlook for Jan 27-31 Trading activities on the Nigerian Stock Exchange last week was mixed, with the benchmark All-Share index closing slightly up on a low traded volume. The NSEASI resisted decline that was triggered by profit-taking in the expectation that the Central Bank of Nigeria’s Monetary Policy Committee will vote for a change in policy stance. Instead, the committee maintained all policy parameters except the Cash Reserve Requirement (CRR) that was adjusted to 27.5% from 22.5% as part of efforts to check the country’s rising inflation level. The prevailing low money market interest rate and declining yields in fixed income instruments due to the unconventional monetary policy stance of the CBN, which is likely to be sustained in the absence of an adjustment in Loan to Deposit Ratio. Also, the restriction placed on participation in the CBN’s Open Market Operations, which continues to push funds into the financial market a...

NSEASI buy 79% sell 21% volume index 1.03 MFI 75.46 Access buy 46% sell 54% volume index 1.18 MFI 66.96 Afrprud buy 0% volume index 2.10 MFI 59.55 Aiico buy 33% sell 67% volume index 2.67 MFI 75.52 Beta buy 💯 MFI 100.00 Cap buy 💯 MFI 3.73 Caverton buy 💯 volume index 1.07 MFI 61.61 Chams buy 💯 volume index 2.50 MFI 54.37 Corner buy 0% MFI 62.85 Courtville buy 0% MFI 67.73 Cutix buy 86% sell 14% volume index 2.04 MFI 76.32 Dangcem buy 💯 volume index 1.37 MFI 51.21 Dangsugar buy 0% MFI 85.62 Eterna buy 0% volume index 2.08 MFI 29.46 Eti buy 50% sell 50% volume index 1.69 MFI 54.00 Fbnh buy 13% sell 87% MFI 64.61 Fcmb buy 21% sell 79% volume index 1.50 MFI 67.77 Fidelity buy 33% sell 67% volume index 1.21 MFI 71.66 Fidson buy 50% sell 50% volume index 1.61 MFI 27.59 Fmn buy 0% MFI 90.94 GT buy 0% volume index 1.13 MFI 75.62 Honyflour buy 💯 volume index 1.34 MFI 82.61 Jaiz buy 20% sell 80% MFI 88.72 Jberger buy 💯 volume index 2.91 MFI 82.18 Lasaco buy 50% ...

Market Update for January 23 Equity prices on the Nigerian Stock Exchange returned northward on Thursday, halting two previous sessions of profit booking on increased buying interests in large companies which signaled their expectations that based on prevailing circumstances, members of the Central Bank of Nigeria’s Monetary Policy Committee could vote to retain the policy stance. This follows from the fact that the apex bank’s decision to stimulate the economy is yielding the desired result, except for the inflation rate partly influenced by the continued border closure and increased demand for goods and services during the yuletide. With more companies notifying the exchange of their closed period and board meeting dates to approve the 2019 full-year financials, discerning investors are also taking the opportunities offered by the recent pullbacks to accumulate positions ahead of the earnings season expected to begin any moment from February. Risk-averse investors have remaine...

Nigeria’s indigenous oil and gas firm listed on the Lagos and London stock exchanges, Seplat Petroleum Development Company Plc, says it will engage in more asset acquisitions in the exploration and production space whenever there is an opportunity. Austin Avuru, the chief executive who noted this during the January Technical/Business Meeting on Mergers, Acquisition, and Divestments in exploration and production business in Lagos on Wednesday, said Seplat will however not abandon organic growth. He explained that it is one of the company’s key mandates to leverage opportunities in the oil and gas industry through the acquisition of more oil and gas assets. This is coming after the company announced the completion of its Eland Oil and Gas Plc’s acquisition deal on December 17, 2019. Avuru had said then: “We are delighted to successfully complete the acquisition of Eland, which further enhances Seplat’s footprint in Nigeria and provides opportunities for enhanced scale, diversifi...

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By Arthur Steven Research In the last quarter of 2019, the CBN announced a policy that says OMO Bills can no longer be sold to Local retail and institutional investors but can still be sold to foreign investors. This created a 2-tier interest rate dichotomy in the money market similar to what we have had in the Forex market for more than a year now. The immediate impact was the crashing of Treasury bills, bonds and bank deposit rates to rates as low at 3% on 90-days deposits as accumulated cash chases after unavailable financial instruments. The CBN further exacerbated the situation by increasing the Loan/Deposit ratio requirements of local banks to as high as 70% in an effort to encourage more lending to the economy. The result of this, of course, was a drop in demand for liabilities by the banks, causing further liquidity clog in the system. So, what is the impact of all this on financial assets and your investment strategy for the first quarter of 2020: 1. THE FIXED INCOME M...

Market Update for January 21 Volatility and mixed performance continued on the Nigerian Stock Exchange on Tuesday as equity prices closed lower, halting three trading sessions of bull-run on profit-taking in highly capitalized stocks, especially in the banking sector, at a time the World Bank expressed pessimism in its outlook for the nation’s economy. There was also cautious trading ahead of the Central Bank of Nigeria’s two-day Monetary Policy Committee meeting which kicks off tomorrow, which also helped to dampen buying interest as investors await the meeting’s outcome. The NSE entered the year 2020 with clear tailwinds such as low-interest rates in money market instruments, a situation that has inspired the market’s YTD recovery while removing the risk of the high cost of funds that had remained one-factor hampering economic productivity and growth. The CBN has set the tone for economic prosperity with its unconventional policies since the second tenor of its governor, Godwin...

Shareholders of Dangote Cement Plc, on Wednesday unanimously gave their blessings to the board proposal to ‘buy-back’ up to 10% or 1.7bn units of its entire 17.04bn issued and fully paid-up ordinary shares of 50 kobo each from the stock market. Shareholders who spoke at the event lauded the proposal, which they noted, will enhance the share value while ensuring juicier returns on investment. The share buy-back scheme, the company said, will be on terms and conditions of the programme which will be completed within 12 months from the EGM date, as stated by the directors. Speaking at the meeting, for example, National Coordinator Emeritus of the Independent Shareholders Association of Nigeria, Sir Sunny Nwosu, congratulated the company’s chairman, Alhaji Aliko Dangote for the noble idea. The proposal, he noted, is coming almost 12 years after the ISAN, under his leadership, sponsored “a seminar on share buy-back because of its value and importance… “As shareholders, we have be...

Before now many investors had always thought of dividend-paying stocks as boring, offering a low return on investment when compared to high flying penny stocks, whose volatility can be pretty exciting, while those who know how to successfully ride on them make a kill. However, dividend-paying companies are usually more matured and predictable, a situation that some may consider dull. However, the combination of a consistent dividend and a rising stock price can offer earnings that are potentially powerful enough to be excited about. Things to know with regards to dividend growth would include a high dividend yield; just as understanding how to estimate dividend-paying companies can give some insights into how payout can boost returns on investment, especially if such income is reinvested. A common perception is that a high dividend yield indicates that the dividend paid is a fairly high proportion of the return on the stock price and the most important measure. However, a yield...

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NSEASI buy 72% sell 28% volume index 1.72 MFI 70.65 Access buy 81% sell 19% volume index 2.09 MFI 72.43 Afrprud buy 💯 volume index 1.86 MFI 70.90 Aiico buy 💯 volume index 1.39 MFI 70.47 Beta buy 91% sell 9% volume index 16.78 MFI 100.00 Cadbury buy 💯 volume index 2.29 MFI 47.09 Caverton buy 0% volume index 1.49 MFI 57.18 Chams buy 33% sell 67% volume index 1.20 MFI 62.55 Chiplc buy 0% volume index 1.45 MFI 41.27 Cileasing buy 💯 MFI 37.91 Corner buy 62% sell 38% MFI 66.02 Courtville buy 💯 volume index 0.93 MFI 70.78 Cutix buy 0% MFI 69.99 Dangcem buy 💯 volume index 1.09 MFI 45.92 Dangsugar buy 37% sell 63% MFI 87.70 Eti buy 58% sell 42% volume index 0.79 MFI 42.01 Fbnh buy 60% sell 40% volume index 0.95 MFI 59.38 Fcmb buy 45% sell 55% volume index 1.37 MFI 65.68 Fidelity buy 68% sell 32% volume index 1.02 MFI 71.23 Fidson buy 0% volume index 2.58 MFI 31.80 Fmn buy 50% sell 50% volume index 2.42 MFI 96.61 Fo buy 💯 volume index 1.44 MFI 73.50 Glaxo buy 💯 v...

In a move that resembles that of Mr. Magic, the CBN  crashed interest rate on bank deposits to the low single-digit level. A 50million naira 30 days fixed deposit for example now attracts only a maximum of 4 percent as against an average of 10 percent as of November last year. To achieve this fete, the CBN simply tinkered with the loan to deposit ratio for banks by moving it up. It also restricted some active players from participating in the debt market (treasury bills and bonds). As a result, the last treasury bill auction by CBN attracted only 5.1% as against an average of 13% last year. Advantages: -Lower deposit rates should usher in lower lending rates from banks to manufacturers etc, which is the primary desire of the government. -The stock market which has been in the doldrums for upwards of three years has witnessed a positive resurgence due to the inverse relationship that exists between low-interest rate and capital market. When the interest rates on deposits...