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Showing posts from May, 2021

Mixed Trends Ahead On NGX, Amid Portfolio Rebalancing, Profit Taking

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  Market Update for the Week Ended May 28 and Outlook for May 31- Jun 4 Over the past few weeks, the Nigerian equity market’s benchmark index NGX All-Share Index has been on the downtrend before consolidating in the week under review, resisting further decline on a low traded volume and mixed sentiments. This reflected low participation by institutional investors or players that are seemingly looking the way of the bond market due to recovery in yields in the fixed income space. This was obvious on the key performance index which had witnessed deep pullbacks in the month of May, creating opportunities for discerning investors before Friday’s rebound on buying interests in highly capitalized stocks that control 70% of the market. The oscillating trend, so far in the month of May, besides being the result of the rising yields, was due to analysts and investors expectation of economic data to support the Q1 corporate earnings.  The pullbacks were becoming a source of concern for ...

Sentiment Report for the Week Ended May 28, 2021

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  NGX buy 85% sell 15% MFI 32.81 Abc buy 0% volume index 3.34 MFI 42.01 Access buy 83% sell 17% MFI 36.11 Afrprud buy 💯 MFI 20.22 Aiico buy 17% sell 83% MFI 72.28 Ardova buy 💯 MFI 35.07 Bua buy 70% sell 30% MFI 44.75 Cadbury buy 💯 volume index 0.85 MFI 25.34 Caverton buy 67% sell 33% MFI 48.75 Chams buy 0% volume index 1.97 MFI 26.87 Chiplc buy 💯 volume index 3.07 MFI 84.04 Cileasing buy 💯 MFI 66.92 Corner buy 0% MFI 45.24 Courtville buy 💯 volume index 2.65 MFI 61.10 Cutix buy 💯 MFI 29.43 Dangcem buy 💯 MFI 58.70 Dangsugar buy 0% MFI 19.62 Eterna buy 60% sell 40% volume index 1.83 MFI 75.93 Eti buy 0% MFI 42.66 Fbnh buy 💯 MFI 61.44 Fcmb buy 💯 MFI 55.58 Fidelity buy 62% sell 38% volume index 0.93 MFI 24.47 Fmn buy 0% MFI 53.66 Ftn buy 20% sell 80% MFI 15.73 GT buy 0% volume index 0.72 MFI 41.41 Honyflour buy 67% sell 33% MFI 35.39 Jaiz buy 25% sell 75% volume index 0.79 MFI 24.10 Jagold buy 💯 MFI 35.32 Lasaco buy 8% sell 92% MFI 60.91 Learn buy 75% sell 25% volume index 1....

Questions and Answers with Ambrose Omordion as of 29th May 2021

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 Hello Investors and Traders, I just posted Questions and Answers with Ambrose Omordion as at 29/05/2021.  Don't forget to share with me what you think about the Video.  Also, Click on subscribe button so that you can be among the first to get the latest update.  https://youtu.be/rI_pIOHpA4I Ambrose Omordion

UBA Plc: Time To Boost Earnings Growth, Check Expenses, Improve Ratios

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  Rating: Buy Current Market Price: N7.10 Loan to Deposit Ratio: 44.64% Year High: N9.25 Year Low: N6.75 Fair Value: N11.26 Equity Analyst: Tunde Segun Jeariogbe Key Investment Ratios This report observed the first quarter financial performance indices of United Bank for Africa (UBA) for the period ended 31st March, 2021, compared them with similar figures released in the corresponding period of 2020 to establish growth and make projections where necessary. We adjusted our valuation slightly below that of full-year to place traders on the safer side. It is important to understand that our valuation, though conservative, is more appropriate for long-term investors, (five financial years). Despite this, we expect short-term traders to play within the technical trading gap. Generally, the bank’s earnings stood at an average point above that of the comparable quarter, following which we commend the management for outperforming the economy. See below for detailed analysis of the release...

Honeywell Flour Grows Full-Year Profit By 73.07%, Offers N555.1m Dividend

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  After series of recent bad news it got enmeshed in, the board of Honeywell Flour Mills Plc, on Friday gave shareholders reason for cheer, when it released the audited financials for the full-year ended March 31, 2021,  showing robust double digit growth in top and bottom-lines. Most significant are the fact that net profit rose faster than revenue, with the directors proposing a dividend of N555.113m, translating to seven kobo per share, up from N317.207m, or four kobo each at the end of last year, for approval at the next annual general meeting. The external auditors, Bakertily Nigeria, also drew attention to the company’s N60.48bn total bank loans facility, responsible for the N1.841bn or 43.55% jump in finance cost (interest on borrowings and overdraft), from N4.227bn to N6.069bn, up from N58.293bn, an amount it considered “a key audit matter because of its materiality on the company’s financial position as at 31 March 2021.” Nonetheless, the auditors noted that “manageme...

WORDS TO TRADE BY

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  "Buy not on optimism, but on arithmetic." ―Benjamin Graham You should never allow emotions to dominate your trading habits. And that even applies to optimism. At the end of the day, feelings will let you down. Your emotions have no place in the market. If you don't control them, the market will feed on them and snatch the money right out of your wallet. Trade on good analysis and math that makes sense. It doesn't have to be complicated. Just don't let your feelings do the trading. Use your mind and your natural abilities. They'll almost always guide you to success!

The Profit Point by OGTV as of 27th May 2021

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 Hello Investors and Traders, I just posted The Profit Point by OGTV as of 27/05/2021. Don't forget to share with me what you think about the Video.  Also, Click on subscribe button so that you can be among the first to get the latest update.  https://youtu.be/dj7XmRqQ5N4 Ambrose Omordion

Going...Going!!! Once Lost Cannot Be Found Again

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It is Ambrose Again, If you are yet to take action regarding The Comprehensive Stock market Training Videos ➕ Certification, then you are hesitating for reasons best known to you. However, it is not new to me because I have been there. Your excuses is as old as the beginning of this world itself and it is fatal to your financial success in 2021 and beyond. Unfortunately, you are defending your reasons for not taking action because you created them. In fact, it is a child of your imagination and not taking actions regarding an obvious success is an habit and habits is very difficult to break especially when they provide Justification. So, the first and best victory is to conquer yourself but to be conquered by yourself is a dangerous position to be because life throws at you trash and leftovers and not what you demands of it. Besides, life is a checkerboard and the player opposite you is Time running like Usain Bolt. If you hesitate before moving or to move promptly, your men will be wi...

Investdata Daily Sentiment Report as of May 25th, 2021

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  NGX sell 💯 MFI 46.22 Abc buy 0% volume index 5.33 MFI 61.85 Access buy 0% MFI 89.39 Chams buy 💯 volume index 1.71 MFI 22.95 Chiplc buy 💯 volume index 4.28 MFI 90.44 Courtville buy 0% MFI 62.03 Eterna buy 💯 volume index 1.87 MFI 81.68 Fbnh buy 💯 MFI 65.51 Fidelity buy 💯 MFI 53.06 Honyflour buy 0% MFI 33.85 Jaiz buy 0% volume index 3.03 MFI 49.54 Jagold buy 💯 MFI 27.70 Lvstk buy 0% MFI 43.10 Mansard buy 💯 MFI 41.97 Mben buy 50% sell 50% volume index 1.06 MFI 56.01 Oando buy 💯 MFI 28.29 Regalins buy 💯 volume index 1.66 MFI 79.62 Royalex buy 💯 volume index 1.24 MFI 88.71 Sovrenins buy 💯 volume index 1.83 MFI 39.46 Sterling buy 💯 volume index 1.67 MFI 43.30 Transcorp buy 0% MFI 48.52 Uacp buy 11% sell 89% volume index 9.41 MFI 48.66 Uacn buy 33% sell 67% MFI 73.75 Uba buy 0% MFI 42.08 Ucap buy 💯 volume index 0.83 MFI 62.46 Unity buy 0% volume index 1.96 MFI 48.83 Wapco buy 0% MFI 40.67 Wapic buy 0% MFI 63.98 Wema buy 0% volume index 2.05 MFI 47.37 Zenith buy 💯 MFI 78.38...

Notore, Shareholders, And The Wait For Returns On Investment

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Ohis Ohiwerei, the new managing director and chief executive of Notore Chemical Industries Plc sure has his work cut out for him. It is now clear that one of his major tasks in the company of which he became Deputy Managing Director on September 17, 2018, wherefrom he replaced Onajite Okoloko, the founding Group Managing Director and CEO January 31, 2021, is ensuring it emerges intact from the mire that has clogged its wheel over the past 16 years. Ohiwerei A banker and past executive director at Diamond Bank (now part of Access Bank Plc from 2005 to 2010) and Guaranty Trust Bank (between October 2011 and 2015), Ohiwerei also has the task of disentangling Notore from a mountain of debt that has weighed it down, preventing the once-promising company from meeting its obligations to expectant stakeholders. Although no one is sure what his key performance indicators are, it is not out of place to expect that as helmsman of a company incorporated on November 30, 2005 and having a dismal div...

The Impact of the just Concluded MPC Meeting on NGX

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  Ambrose Here Again,  I just posted The Impact of the just Concluded MPC Meeting on NGX that was held on Tuesday 25th May 2021. Although the monetary policy announced by the CBN governor did not really change. However, there a serious implication on your investment. So, if you are serious about getting the best out of your portfolio in 2021, login into the platform and watch the careful analysis immediately because it will help you to make the necessary decision and prepare for the earning season that is coming ahead. However, you need to log in 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   http://investdataonline.com/buy-sell-signal/ However, if you have not joined the buying and selling signal membership, kindly Call or Chat Admin on 08179547605, 08028164085 to indicate your interest in how to get started immediately To Your Success  Investdata Consulting.  P.S...

OUTCOME OF THE 279TH MPC MEETING

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  The Committee at the end of its two days meeting decided by a unanimous vote to retain the Monetary Policy Rate (MPR).  In summary, the MPC voted to: I. Retain the MPR at 11.5 percent;  II. Retain the asymmetric corridor of +100/-700 basis points around the MPR; 18 Classified as Confidential  III. Retain the CRR at 27.5 percent; and  IV. Retain the Liquidity Ratio at 30 percent.

Reversal Ahead, Amid Profit-Taking Slowdown, Selloffs, MPC Meeting Outcome

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  Market Update for May 24 Activities on the Nigerian Exchange on Monday was mixed and volatile, as the week opened on a negative note, thereby extending the previous week’s loss on mixed sentiments, amidst the divergence playing out even as the stronger earnings and weakening market. These indicate a better prospect for the equity market in the nearest future, considering the performance by companies a year ago and the numbers posted by them so far in 2021.  The better-than-expected earnings being witnessed are likely to continue in Q2 and Q3, influencing share prices positively due to the prevailing low Price to Earnings Ratio and the resultant high margin safety. Such expected improvements in corporate earnings will support higher dividend payouts and yields that will make the stock market an attractive window to hedge against inflation. The seeming positive and weak economic data revealed slow recovery that call for well-articulated policies to boost economic recovery and ...

Custodian Investment Gets SEC Nod To Acquire Minority Shares In UPDC

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  The board of Custodian Investment Plc, on Monday, informed stakeholders through the Nigerian Exchange Ltd that it has received approval from the nation’s Securities & Exchange Commission (SEC) to make a Mandatory Takeover (MTO) Offer to minority shareholders of UACN Property Development Company Plc (UPDC). The commission, in its letter dated May 18, 2021, according to a filing by Adeyinka Jafojo, its company secretary, Custodian Investment is offering to purchase up to 35,415,332 ordinary shares of UPDC Plc, at 90 kobo each. Qualification date for the offer is May 14, 2021, following which shareholders whose names appear on the register of members as of that date are eligible to participate. Recall that in November last year, directors of UAC of Nigeria, the oldest conglomerate, following transferred a total of 8,519,810,121   units of UPDC, its subsidiary for N5.964bn. The volume represented the balance of 45.9% of the paid up capital of the company, even as t...

WORDS TO TRADE BY

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  "If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards." ―Peter Lynch You wouldn't buy a car without looking at it and giving it a test drive, would you? Then why make a trade without knowing anything about the position you're entering? You don't have to understand all the complicated charts and buzzwords that the talking heads toss around, but you do need to conduct your own research when looking at a potential trade. Learn to use trend lines to find out if a bearish or bullish trend is developing. Figure out what people are saying about the particular stock, future, or option you're interested in. A little knowledge goes a long way when it comes to growing your wealth. This is your hard-earned money. Don't treat it like a stack of poker chips at the blackjack table. Develop a strategy and learn everything you can before jumping into a trade!

Don't Miss This CHANCE: less than 72 hours left!!!

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  It is Ambrose Again so please listen... I'm sorry about sending another post but I know that I will get a lot of complaints about people who missed the Huge discount on the Comprehensive Stock market Training Videos ➕ Certification.  Unless I let you that this is your absolute LAST and FINAL chance to get The Comprehensive Stock market Training Videos ➕ Certification. before it closes.  So...  If you've been putting this off then here it is...  Your last and final chance...  As a serious investor, I know what now you are saying in your mind. Yes, Ambrose! I'm going to CALL now because I know this is my LAST CHANCE to get The Comprehensive Stock market Training Videos ➕ Certification before the Doors Close For Good on Thursday 27th, May 2021 Call Now 08028164085, 08179547605  Or click on the below link to get started immediately.  https://workshop.investdataonline.com/csmtv/ Dedicated to Your Financial Freedom Ambrose Omordion

QUESTIONS AND ANSWERS ON STOCKS

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  Hello Investors and Traders, I just posted Questions and Answers with Ambrose Omordion as of 22/05/2021.  Don't forget to share with me what you think about the Video.  Also, Click on subscribe button so that you can be among the first to get the latest update.  https://youtu.be/fa0Isngo1m4 Ambrose Omordion