Latest / Green Ticker Tales / NGX Premarket May 13, 2026

Transcript

NGX Premarket May 13, 2026 · Green Ticker Tales

• 0:00
  Good morning. Welcome to today's pre-market podcast. So let's get right into it. What am I looking at today? A couple of stocks and the broad index as well. We start off with the broad index. Yesterday, we made yet another high for the index, closed above the 250k levels. I'm talking about the All Share Index, ASI for short.
• 0:28
  at the asi measures the average performance of stocks i mean i think at this point the question is where is going to be the pullback zone uh for the index at what point or towards which point does one say this is the time to get in uh i wouldn't say the market is heated but i would say this isn't the time to get into the market in my view this is the time to sit on the fence uh when i'm looking at where we are in terms of technicals
• 0:57
  with the index um daily and the weekly charts in terms of technical analysis still have the index as a strong buyer but the question you might ask yourself is the market has done 60 plus in about five months uh you should be preparing for a pullback uh now it's possible we could still push higher and yesterday's rally was interesting because uh you had
• 1:26
  i wouldn't say some of the let's say second tier stocks or second tier big cap stocks uh where what led the rally i mean yes you had likes of rally in aradale and dream breweries uh first whole school and all but usually when you see bounces on the markets is when you have your m chain and then go to cement glass cement when those stocks tend to rise and you know okay
• 1:55
  it's looking like a green day i see yesterday's green day was pushed by iradel andrea breeze and few other stocks now for me the question is where then is the entry point s1 which is the first support zone is 246k um the higher the market goes i think the the kind of harder or the slimmer your your margin for a dip would be because at 252k a 10 decline in this market
• 2:25
  We'll put you, I think, around 225, 227-ish, I think, K zone. That's a pretty steep fall. So I don't see that happening. So I think at best, at this point, one's probably looking at 250K, 245K zone for entry. So right now, it's sitting on the fence. Add in to Aradale. Aradale remains on my radar. Aradale.
• 2:54
  back above the 2000 naira mark and that is these price points are significant for stocks we call them technical analysis psychological levels they're around figures that are significant i'm saying we can't are there trading at a 52 week high uh a day higher the day clues are they'll close at the day high of 2009 naira and 50 couple the 52 week high for our adele
• 3:23
  is 2024 so we're about 15 naira away from its 52 week high and looking at that we'll probably need maybe one or two percent optic in our adult to get us uh there so where do we go from here i've said it before and i think i said this a couple of days ago maybe it was in there was in the mid market updates i said it sometime a few days ago this is a stock that is going to end the year probably in a two five to three thousand naira range
• 3:51
  and i think that the 2000 level is going to be a base for this stock the technical still have this stock um as a strong by both daily and weekly i think at this price point anybody who's willing to get in except you're getting in here at two thousand or maybe one nine and some fraction uh and then you ride it to two five or two seven or three thousand
• 4:18
  At this point, I think anybody who's eyeing Naira, you better be active, active like the Asakae song. You better be active intraday and see if you can catch it below the 2,000 Naira mark. We're here to get AFS 2025 and Q1 2026 numbers. I think those numbers will be out sometime this month. They should show a maximally bigger fame. And you can work out your napkin evaluation. For those who are interested in that, I'm going to touch on that.
• 4:46
  in the video version of this, which goes out in about an hour's time. So, crossover by 6pm Nigerian time. The video version of things. Let's play around with our idle numbers and see what the bigger entity could be possibly valued at. And now we look at Custodian. Custodian is a stock I've always found interesting because there is a conundrum I have when it comes to Custodian. What's that conundrum?
• 5:14
  if you're going by book value the stock is trading above book value and i've i've never been a fan at least for the local market i'm not a fan of buying anything above book values i struggle with the concept mentally of buying anything above book value so now it's trading way above book value the book value i'm seeing here is 36.71 even if you put the book value at say 40 45 the stock is trading almost three times book value or if you go by p ratio basis
• 5:43
  it's about 6.9 times ending so it's really expensive because i do i ideally argue that this could push to a seven or eight x times um earnings and so long story short is this is easily at some point a hundred naira stock um it pulled back sharply yesterday dipped by 9.5 uh two percent um 52 week low is something by nine five this stock is never going back you'd have to have a depression in nigeria
• 6:13
  uh to have this stock put to that level it's unlikely when you see ever see this stock a custodian at this level again um the daily is chart is neutral the weekly says bye so for me it's the question is you have to ask yourself i've always been of the viewer in recent times that if if you can stomach buying anything above book value it's
• 6:36
  mean for me there are still bargains in banking sector general financial space are trading below book values why not face those things below book value right uh but entry point probably would be mid 70s 77 78 if you can catch it or maybe late 70s 71 that would be a good place to get into this stock and if we have a further dip i won't be surprised to get there because we're at 81 already so if you have a four five naira dip
• 7:05
  that's another four five percent decline that that puts you uh in the mid 70s uh range for custodian and allied uh uh investment so custodian investments i think that's the name ticker symbol is custodian yes so those are stocks i will be watching as usual um maybe i'll round up with fidelity we had a dip in fidelity i mean
• 7:33
  Clearly markets disappointed with the absence of a dividend. It fell slightly yesterday. It fell by just 0.66%. So as I said yesterday, I wasn't expecting a big dip in the stock. Because the underlying results aren't bad. You don't have big payment provisions. Cash flow is good.
• 8:00
  uh maybe it's the derivative loss and all that that's that you know so i probably during the video version of this let's see if we can work out a rough sketch of capital education ratio and let's see if there's pressure there other than that uh hopefully it's going to be a good day for the market uh switching over to the pigeon english side of things are people money money money
• 8:29
  just before we enter the streets we go get our daily 2k i said we can come here you which are the look for nigeria stock market yesterday everywhere be green for market and you say when we say things green for this market you may say the market rise but you say things red you know say everything dropped for market so yesterday the market be green guess what kind big big mastery stocks and we move you see custodian default but we will start with the stocks where we move yesterday
• 8:56
  are there now oil and gas masquerade a big stock cross back uh over two thousand era so you know see it not be played to see stock with the trade at two thousand era and not be my mighties so i sort of see how the shareholders would look see but as they and ira's they never dropped record card for last year never dropped the first report card for this year so if the report card makes sense i don't talk about before cement it's not stock way if you easily do two five to three thousand era
• 9:24
  i'm not saying make you buy i just tell you say how reason say the stock could they trade uh for market uh custodian before yesterday considering our insurance company we're going to expand go do other things or so down before yesterday so we'll see where the levels will go for and one stock we have been looking yesterday but you're not too far like that now fidelity and we see our top fidelity say they dropped their report cards for last year some days ago they don't pay dividends so people not too happy stock not to move like that
• 9:54
  but we'll see whether today we'll see the four they go so then you will look the full market i don't talk and see now yesterday the market closed for high and market just the high they go the high they go the entire new new high so we will see whether today things could just cool down small or that will go see the tear they go so now so i will watch the market if you want to get the full gist of it at the end you know say i'll be this and now do you know they talk too many many many years if you get the time
• 10:23
  at six o'clock niger time six o'clock in the morning i just time about one hour from now uh the video format and with video you can see picture you can see different different things uh so that's how it could be and by midday you see market don't enter half day for market you waiting to happen for market audio good day video good day and so to then stay well
• 10:50
  who have a market put out for green ticker you know say with the close market market to let you know what's going to happen make a good hustle for my daily 2k before i come back for middle of the day we'll see for later