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Faith In Yourself + Specialized Knowledge = This Ambrose Here Again, Recently , Mr President eased the lockdown starting from Monday, 4th of May 2020. Indirectly, the government still extended the Covid-19 lockdown by another seven days - lets call that "Season 3" and its a short one - all gearing towards our safety. Last week, I launched the Strategies to invest and trade profitably in this changing market dynamics and Recession. However, if you are yet to take action and prepare for what is ahead, I don't know what could be holding you back. Excitedly, several investors who have gotten the videos have expressed there heartfelt gratitude because they got 20x their investments. However, you might be wondering if it is possible to get the videos under this lockdown. Well, since the beginning of this lockdown we have been meeting our investors needs. The Training Videos are available in download format. So, no hassles. As an investor, I understand that you hav

Market Update for April 29 Midweek’s trading on the Nigerian Stock Exchange (NSE) turned on its head as inflows to equity assets surpassed the January 13 peak of 83.65 points, rising to 88.52 points as revealed by Money Flow Index at the close of the day trading. The benchmark All-Share index closed positive for fourth consecutive trading sessions as equity prices close higher on positive sentiment and buying interest in medium and large-cap stocks. Also, more corporate earnings continued to flow into the market with mixed performance as revealed by the numbers. The positive close was equally despite the high level of uncertainty in the economy amidst the increasing number of new cases of the novel Coronavirus pandemic, as a result of which there has been a cocktail of the stimulus packages from both the government and Central Bank of Nigeria (CBN). The various interventions are targeted at critical sectors of the economy to mitigate the impact of the pandemic on busin

Market Update for April 28 The benchmark All-Share index o the Nigerian Stock Exchange (NSE) started Tuesday’s trading green, as bargain hunting for financial services stocks continued in the midst of position-taking and profit booking that had characterized trading sustained the third straight sessions of positive outlook as large companies led gains. This has been helped by the continued flow of funds into the market as revealed by Money Flow Index at 84.72 points, showing that foreign investors are still repositioning and realigning their portfolios, taking advantage of the many stocks trading below their intrinsic values. The inflow of funds and positioning coincided with Monday night’s announcement by President Muhamadu Buhari to relax the lockdown in Lagos, the nation’s commercial capital, and the epicenter of the COVID-19 pandemic; Ogun, its neighbour; as well as the Federal Capital Territory, Abuja. Also to be factored in is the fact that more earnings repor

NSEASI buy 90% sell 10% volume index 0.88 MFI 93.98 Access buy 67% sell 33% MFI 71.35 Aiico buy 💯 MFI 57.94 Courtville buy 💯 volume index 2.56 MFI 50.62 Eterna buy 0% volume index 3.81 MFI 0.00 Fbnh buy 75% sell 25% volume index 1.42 MFI 80.54 Fcmb buy 💯 MFI 57.04 Fidelity buy 💯 MFI 55.20 GT buy 40% sell 60% MFI 86.65 Lasaco buy 0% volume index 10.73 MFI 50.92 Linkass buy 0% volume index 2.47 MFI 50.49 Mtnn buy 💯 volume index 1.58 MFI 94.70 Oando buy 23% sell 77% volume index 1.66 MFI 87.28 Sterling buy 0% MFI 62.05 Transcorp buy 33% sell 67% volume index 2.27 MFI 39.76 Uacn buy 💯 MFI 51.19 Uba buy 33% sell 67% volume index 2.38 MFI 72.94 Ucap buy 0% volume index 1.04 MFI 66.17 Unity buy 0% volume index 3.90 MFI 45.59 Upl buy 0% volume index 2.32 MFI 35.83 Wapco buy 67% sell 33% volume index 1.37 MFI 69.44 Wema buy 0% MFI 71.56 Zenith buy 0% MFI 70.49

Ambrose Here Again, Today is another great day. However it is lock down under COVID-19 Pandemic. Frankly, it does not look like one. I know life isn’t what you expected it to be right now. At least it isn’t for me. And I know lots of people are suffering right now. I’m not going to minimize that in any way… and bad news is going to keep coming in for a while longer. However, to suggest that any degree of blessedness may be extracted from this difficulty and perplexity will look absurd to many; but the truth is ever paradoxical and the curses of the foolish are blessings of the wise. Without difficulties like COVID-19, there could be no progress, no evolution; a universal stagnation would prevail and humanity will eventually perish. So, whether COVID-19 is human made or natural, is pure law of evolution taking it course. However, each time this happens, I’ve seen the same thing - we came back stronger. In fact, in times of crisis... fortune favors the bold. This is

Fidelity Bank Plc, on Monday, submitted its unaudited financials for the first quarter ended March 31, 2020, highlights of which included the flat growth in gross earnings, made worse by a 103.19% growth in credit loss expense, among others, following which net profit stayed flat at N5.859bn, down from the previous N5.939bn. Specifically, gross earnings for the period stood at N51.159bn, up by N2.736bn or 5.65% from the previous first quarter’s N48.423bn; with interest income accounting for N43.926bn from N39.431bn, representing an increase of N4.495bn or 11.39%. Interest expense, however, dropped by N3.574bn or 15.61% from N22.497bn to N19.326bn; resulting in net interest income of N24.6bn, which represents N8.07bn or 48.91% improvement over the N16.53bn reported in the preceding first quarter. Credit loss expense jumped by N1.068bn from N1.035bn to N2.103bn, resulting in net interest income after credit loss expense stood at N22.497bn, compared to the previous N15.495bn, repre

Wapic Insurance Plc, on Monday, announced a board-leadership transition that begins the second phase of its growth plan with the appointment of Mutiu Sunmonu as chairman, and Bababode Osunkoya as chairman of Wapic Life Assurance Ltd, its subsidiary. Both men replaced Aigboje Aig-Imoukhuede, who retired from both boards with effect from April 27, 2020, after eight years, has championed the transformation of Wapic Insurance Plc and its subsidiaries. This began with the merger between Wapic Insurance Plc and Intercontinental Properties Limited in November 2011. Under the leadership of Aig-Imoukhuede, according to a statement to the Nigerian Stock Exchange (NSE), Wapic Insurance group grew “remarkably from an industry position of 18 to eight, and transformed into a frontline insurance company in subSaharan Africa.” The statement by Mary Agha, the company secretary, “this board-leadership transition heralds the second phase of our growth plan, which is focused on extending our c

Market Update for April 27 Monday’s trading activities on the Nigerian Stock Exchange (NSE) was mixed as equity prices wobbled on buying increased interest among highly capitalized stocks and profit booking, resulting in marginal growth in the key performance indexes. This extended the previous session’s bullish stance on a very low traded volume that signaled weakness and indecision as investors waited to see whether or not the Federal Government would further extend the lockdown to still contain the Coronavirus pandemic in Lagos, Ogun and the Federal Capital Territory, Abuja. The lockdown is gradually being eased for economic activities to resume in many countries of the world, a move that would likely to drive demand for crude oil and support its price recovery after the historic crash, amidst the continued spread of the Coronavirus (COVID-19) pandemic across the globe. So far, the number of infected people crossed three million, with over 290,000 deaths recorded, even as Ni

Market Update for April 23 Equity prices on the Nigerian Stock Exchange (NSE), on Thursday, reversed gains of the previous session as profit-taking among high cap stocks resurfaced on mixed sentiment dragging the benchmark All-Share index lower on a low traded volume. This was despite the continued buying interest in banking stocks, while investors await the release of more Q1 financials and the annual general meetings to consider the 2019 results, as well as approval for payment of dividend announced earlier. This coincided with a seeming recovery of oil price after the historic crash, even as it continues trading below its 2020 opening price of $61 per barrel, amidst the continued spread of the Coronavirus (COVID-19) pandemic across the globe. United Bank for Africa and Access Bank released their Q1 results which were mixed but above market expectation, alongside that of Chemical Allied Product which came with a decline in profit. As we earlier noted, in the midst of this os

 :Rating Short Term: Hold Long Term: Hold Current Market Price: N11.00 Latest Cash Dividend: Nil Year High: N20.70 Year Low: N11.00 Fair Value: N11.10 Equity Analyst: Tunde Segun Jeariogbe Introduction • In this report we observed the first quarter financials of Unilever Nigeria Plc for the first quarter ended 31st March 2020, compared the same with numbers released in the corresponding period of 2019, to establish track performance. • Aside from the fact that the company’s Turnover was far below that of the comparative period, its direct running cost was quite on the high side. We observed that this is a recurring trend even from the most recent full-year numbers, and requires the attention of management, going forward. • Finance cost during the period dropped appreciably when putting side-by-side the figure posted for the comparable quarter, driven by the high Interest made on call-deposits and bank accounts. • We have identified that the major challenge faced by Uni

https://investdata.com.ng/2020/04/corporate-actions-on-ngse-as-of-friday-april-24-2020/

https://investdata.com.ng/2020/04/investdata-price-earnings-tracking-for-week-ended-april-24-2020/

Market Update for the Week Ended April 24 and Outlook for Apr 30-May 1 Last week’s trading on the Nigerian Stock Exchange (NSE) was one full of mixed trends and sentiments as the benchmark All-Share index closed lower on low traded volume, thereby short-living the two previous weeks of bull-run. Friday’s positive close in the midst of oscillated oil prices that followed a historical swing as it hit a 21-year low on excessive supply that was due to a shortage of storage facilities. The planned easing of lockdowns in some countries and businesses across the globe may, however, trigger increased demand for oil, just as it could backfire due to the high risk surrounding the global pandemic. Meanwhile, the number of active COVID-19 cases in Nigeria has continued to surge, with more people testing positive and being treated, bringing the total number of confirmed cases above the 1000 mark. Investors during the week under review kept their eyes on economic and earnings news, especial

NSEASI buy 26% sell 74% MFI 14.36 Access buy 25% sell 75% MFI 18.33 Afrprud buy 💯 MFI 43.40 Aiico buy 75% sell 25% MFI 57.62 Bua buy 45% sell 55% MFI 64.90 Cadbury buy 💯 volume index 1.03 MFI 22.52 Cap buy 0% MFI 22.54 Caverton buy 💯 MFI 60.74 Chams buy 0% MFI 10.84 Cileasing buy 0% MFI 39.67 Corner buy 0% MFI 22.84 Dangcem buy 3% sell 97% MFI 30.76 Dangsugar buy 0% MFI 17.95 Eti buy 20% sell 80% volume index 1.28 MFI 21.57 Fbnh buy 35% sell 65% volume index 0.71 MFI 31.87 Fcmb buy 63% sell 37% MFI 30.36 Fidelity buy 56% sell 44% MFI 52.64 Fmn buy 89% sell 11% MFI 29.90 Glaxo buy 0% MFI 46.05 GT buy 36% sell 64% MFI 18.71 Jaiz buy 💯 MFI 54.27 Jberger buy 0% MFI 83.27 Lasaco buy 0% MFI 41.40 Learn buy 💯 MFI 10.65 Linkass buy 0% MFI 20.59 Lvstk buy 0% MFI 76.42 M&B buy 💯 MFI 62.54 Mtnn buy 💯 MFI 16.36 Nahco buy 42% sell 58% MFI 42.72 Nem buy 💯 MFI 66.45 Nestle buy 0% volume index 1.28 MFI 22.33 Npf buy 💯 MFI 25.47 Oando buy 20% sell 80% MF

NSEASI buy 89% sell 11% MFI 64.97 Access buy 💯 MFI 67.43 Chams buy 0% MFI 39.21 Fbnh buy 25% sell 75% MFI 81.17 Fcmb buy 💯 volume index 1.19 MFI 62.07 Fidelity buy 77% sell 23% MFI 55.25 GT buy 18% sell 82% MFI 81.72 Oando buy 0% MFI 94.87 Transcorp buy 17% sell 83% MFI 50.34 Uba buy 62% sell 38% MFI 68.95 Ucap buy 0% volume index 0.90 MFI 58.65 Wapco buy 💯 volume index 2.66 MFI 77.31 Wapic buy 💯 MFI 64.49 Zenith buy 86% sell 14% MFI 54.51

Market Update for April 22 The composite index of the Nigeria Stock Exchange (NSE), at the close of midweek’s trading, despite the wobble in oil prices in search of relative stability after triggering selloffs in many markets of the world. The positive earnings news from Guaranty Trust Bank, FBN Holdings, United Capital, Wema Bank, Cadbury, and Nigerian Breweries impacted the market positive, despite the mixed sentiment in the economy. These corporate earnings have given an insight into what should be expected from quoted companies for the 2020Q1 operating period, while pointing out how investors should position, going forward. The 2020Q1 numbers will tell whether the Q1 GDP data will decline or turn negative. The continued daily rise in the number of Coronavirus (COVID-19) cases in Nigeria and the consequent lockdown for over a month so far, has signaled weak productivity, consumption, and others that will affect Q2 corporate earnings and economic data. This calls for

Market Update for April 21 As projected by Investdata analysts, equity prices on the Nigerian Stock Exchange (NSE) tumbled on Tuesday as the composite All-Share index closed lower on massive profit-taking from recent robust gains by the market. This coincided with news of huge losses in crude oil prices which have continued to rattle the global markets and economies amidst the daily rise in the number of Coronavirus (COVID-19) cases, despite the continued lockdown to curtail the spread. Also on Tuesday, the National Bureau of Statistics (NBS) released the March Consumer Price Index, showing that inflation rose to its highest in 24 months at 12.26%, just as the market received first-quarter earnings reports from FBN Holdings, Cadbury and United Capital, which, however, failed to impact their share prices likely due to the prevailing mode of the market and economy. That notwithstanding, the earnings news has given an insight into what should be expected from quoted comp