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Showing posts from October, 2021

After Initial Disclaimer, FBN Holdings Says Otedola Now Holds 5.07% Shares

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  The board of FBN Holdings Plc, on Saturday, said Otedola Olufemi Peter, former chairman of Forte Oil Plc (now Ardova Plc), and his nominee, Calvados Global Services Limited now own 5.07% of its issued and fully-paid shares, as of October 22, 2021. A statement by Seye Kosoko, the group’s company secretary, in a statement through the Nigerian Exchange Limited, on Saturday, said Otedola and his nominee, “have acquired a total of 1,818,551,625 units of shares from the Company’s issued share capital of 35,895,292,791“ units. This was after the group had in an earlier statement to the NGX on the same day denounced news report also on Friday, October 22, 2021, “purporting that a certain individual has acquired a significant shareholding interest in FBN Holdings Plc (the company) therefore makes him the majority shareholder in the Company. “As a listed company, the shares of FBN Holdings Plc are publicly traded, and sale and acquisition of shares is expected in the normal course of business.

Sentiment Report for the week ended October 22, 2021

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  NGXASI buy 99% sell 1% volume index 1.26 MFI 75.60 Abc buy 💯 MFI 36.47 Access buy 27% sell 73% volume index 1.37 MFI 64.94 Afrprud buy 57% sell 43% MFI 51.72 Aiico buy 67% sell 33% volume index 1.64 MFI 33.55 Airtel buy 💯 volume index 4.66 MFI 74.64 Ardova buy 50% sell 50% volume index 3.30 MFI 37.93 Bua buy 💯 MFI 21.59 Cadbury buy 0% MFI 49.21 Caverton buy 29% sell 71% MFI 36.43 Chams buy 💯 MFI 60.04 Chiplc buy 💯 MFI 50.47 Corner buy 0% MFI 40.92 Courtville buy 33% sell 67% MFI 82.85 Custodian buy 💯 volume index 0.70 MFI 68.84 Cutix buy 💯 volume index 1.11 MFI 63.99 Dangsugar buy 💯 MFI 54.70 Eterna buy 💯 volume index 1.09 MFI 72.25 Eti buy 92% sell 8% volume index 4.56 MFI 90.94 Fbnh buy 70% sell 30% volume index 2.49 MFI 87.77 Fcmb buy 50% sell 50% MFI 60.07 Fidelity buy 25% sell 75% volume index 0.92 MFI 80.21 Fidson buy 💯 MFI 82.10 Fmn buy 0% MFI 37.54 Ftn buy 💯 MFI 65.56 Glaxo buy 💯 volume index 0.83 MFI 46.49 GTCO buy 6% sell 94% volume index 1.03 MFI 41.21 Honyflou

Tell me if I got This Wrong

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  It is Ambrose Again,  "The biggest risk is not taking any risk... In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks." Mark Zuckerberg Over the years I have come to realize that taking risk is part of life. In fact, it is inevitable; giving birth to me and you as a person was also a risk. I believe you know what I mean. Unfortunately, many investors don’t want to take risk. You want to sit on the fence and hope things will adjust. You can even go ahead and run under the excuse that it is fate. That is, what will be will be. Well, I don’t really blame you for it because as a man thinketh in his heart so he is. This is exactly why the book of proverbs says that you should guide your heart diligently out of it are the issues of life. As a result, there are 3 basic reasons why people don’t take risks namely: Over-caution: According to Murphy’s Law, if one thing can go wrong, then all things can go wrong. Life entails both h

Expect Uptrend Amid Selloffs In Fixed Income Market, Ahead Of Q3 Earnings

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  Following the positive sentiments for blue-chip stocks on the Nigerian Exchange on Thursday, the composite index NGXASI sustained two consecutive sessions of bull-run to close higher on a low traded volume and positive breadth ahead of more quarterly earnings reports hitting the market and portfolio reshuffling for the month-end and the rest of the quarter. As the earnings reporting season enters its peak next week and the statutory deadline of 30 days draws closer for the filing of quarter-end corporate results, results from the consumer goods sector results made available to the market during trading were altogether impressive. The earnings report for PZ Cussons for the full year ended May 31 and Q1 ended August 31, 2021, for example, turned positive with a final dividend of 25 kobo per share, just as Northern Nigerian Flour Mills recorded a growth of 85% and 19% in the top and bottom lines respectively for Q2 and earnings per share of 97 kobo, up from the 82 kobo posted in 2020. T

Sentiment Report for October 21, 2021

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  NGXASI buy 92% sell 8% MFI 82.42 Access buy 0% volume index 0.81 MFI 65.54 Afrprud buy 83% sell 17% volume index 1.13 MFI 60.97 Aiico buy 75% sell 25% volume index 2.31 MFI 20.52 Chiplc buy 💯 volume index 1.80 MFI 60.29 Courtville buy 0% MFI 76.17 Dangsugar buy 💯 volume index 1.59 MFI 53.57 Eti buy 83% sell 17% volume index 2.32 MFI 96.36 Fbnh buy 46% sell 54% MFI 83.41 Fcmb buy 💯 MFI 80.99 Fidelity buy 0% volume index 1.02 MFI 65.18 GTCO buy 0% MFI 86.20 Honyflour buy 0% MFI 37.01 Jagold buy 67% sell 33% volume index 1.65 MFI 41.61 Linkass buy 0% volume index 1.54 MFI 59.35 Lvstk buy 💯 MFI 40.83 Mansard buy 💯 MFI 49.29 Mben buy 💯 MFI 54.60 Mtnn buy 💯 volume index 2.14 MFI 52.70 Neimeth buy 0% volume index 3.01 MFI 55.35 Npf buy 56% sell 44% volume index 2.98 MFI 39.78 Prestige buy 0% volume index 1.76 MFI 24.93 Royalex buy 💯 MFI 35.56 Sovrenins buy 💯 MFI 55.53 Sterling buy 0% volume index 1.01 MFI 53.89 Transcorp buy 33% sell 67% volume index 1.23 MFI 86.84 Uacn buy 💯 volu

Mixed Trend Ahead On More Q3 Earnings Reports Inflow, Year-end Repositioning

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  Market Update for October 20 It was yet another volatile and mixed session on the Nigerian Exchange at the midweek after the holiday as the composite NCX All-Share index closed higher on above daily average traded volume and positive breadth to short live the previous day’s loss. The seeming seesaw movement on Monday and at the midweek result from bargain hunters taking advantage of the pullback to position in the midst of profit-taking, ahead of more quarterly earnings reports as the Q3 season kicked off. UPDC made available its nine-month scorecard during the trading session, showing that although the numbers are still red, there was an over 50% drop in loss after tax when compared to the previous nine-month period. The buying interest in the newly quoted NGX Group continued, as FBNH rebounded after profit booking to close higher on positive sentiment and other blue-chip stocks like MTNN, Lafarge Africa were on demand during the session. Technically, the market readjusted its posit

Sentiment Report for October 20, 2021

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  NGXASI buy 85% sell 15% volume index 1.48 MFI 83.09 Access buy 0% volume index 1.54 MFI 64.25 Aiico buy 0% volume index 1.16 MFI 23.86 Courtville buy 0% volume index 1.59 MFI 78.56 Eti buy 💯 MFI 95.97 Fbnh buy 82% sell 18% volume index 1.31 MFI 84.30 Fcmb buy 💯 volume index 1.41 MFI 82.72 Fidelity buy 💯 volume is 1.12 MFI 65.90 GTCO buy 0% volume index 1.42 MFI 87.50 Honyflour buy 0% MFI 41.14 Jaiz buy 💯 volume index 0.83 MFI 56.85 Jagold buy 💯 volume index 0.89 MFI 45.07 Linkass buy 0% volume index 1.37 MFI 72.38 Mansard buy 💯 MFI 38.54 Npf buy 50% sell 50% volume index 4.86 MFI 45.45 Royalex buy 29% sell 71% volume index 1.08 MFI 36.82 Sterling buy 0% MFI 54.74 Transcorp buy 33% sell 67% volume index 1.92 MFI 87.23 Uba buy 💯 volume index 1.30 MFI 85.82 Ubn buy 0% volume index 2.20 MFI 56.27 Ucap buy 17% sell 83% volume index 2.42 MFI 69.78 UPDC buy 0% MFI 41.00 Veritas buy 💯 MFI 69.18 Wapco buy 87% sell 13% volume index 1.25 MFI 76.70 Wapic buy 💯 volume index 1.28 MFI 67.2