Latest / Green Ticker Tales / NGX Premarket April 24, 2026

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NGX Premarket April 24, 2026 · Green Ticker Tales

• 0:00
  Good morning, ladies and gentlemen. Today is a pre-market podcast. So let's get right into it. Starting off with Zenit Bank. Zenit Bank made history yesterday. Became the first financial services firm to trade in the 5 trillion Naira zone. Closed yesterday with a market cap of 5.5 trillion Naira. So let's see where the price closes at today. There's a one-two step race.
• 0:29
  i'd like to see a close race between zenith and gtco as any that wanted before gt gtco closed at 133. on a book value basis stock isn't so expensive uh the book value i'm seeing here is 119.81 i'm using data from investing.com at that price point it's just barely above book value uh you can argue that this stock should trade at 1.4 to 1.5 times book value so that probably will put it around 157.
• 0:59
  to 170 naira a share and let's see what the technical say at the daily says it i mean technical summaries that um rsi is overbought at 34.8 stock 96 at 76.7 is in buy i think we can still see this stock push forward our worst case scenario maybe pulls back by three four narrow to the 130 uh zone but i think there's enough momentum in any case we should get maybe
• 1:27
  if the q1 numbers which will be out maybe i don't know a week or two um you should definitely have enough momentum to push this stock for that so i think going by yesterday's momentum on the ngx which in itself also close at a record high i think you have enough momentum to push the stock higher but it's also possible to end the day at 125 127 a share and the previous version of this i had mentioned that uh
• 1:54
  and today was a markdown day but apparently next week is markdown uh for zenith uh so we're paying close attention to it next week gtco ladies and gentlemen i'm looking at uh gtco gtco is at um one naira behind zenith closed yesterday at 1 33. a digital is trading around i believe 1.4 times book value but you can argue and some do argue that this stock should be trading at 1.5 1.7 times a book value
• 2:24
  so that could easily push this stock to maybe 150 160 170 um a a share uh and all that so technicals what do they tell us what do they tell us uh let's see the daily is a on a daily it's a buy rsi at 63.6 stock 96 is neutral though so um
• 2:54
  it's possible to have a slight pullback i mean yesterday blood markets also index was up by 1.48 so it's possible that you could see the stock pullback but i think both of them would easily end at least per minimum though they need the 130 range uh today worst case scenario gtco london let's see what it says gtco london has way fewer trades than gtco nigeria but the daily um r3 is at level
• 3:24
  uh since we had 10 cents in london rs and stock 96 says bye so i think we'll see further push up uh for the output movement in the price in london if at any point in time because right now both prices london and lagos are in tandem if at any point in time you have one more expensive than the other you're going to see arbitrage opportunities and prices should then subsequently uh equalize what cement closed yesterday
• 3:52
  at the 50 at it at at 317 it's just around nine naira some fraction below is 52 week high but the focus for me on for bossy man is the market reaction to its um market reaction to its its uh q1 numbers we dropped yesterday there was a hundred percent increase in their profit after tax so i think markets would like that uh
• 4:21
  Profit after tax came in at 176.3 billion for Q126. Last year was 81.1 billion. So that's actually more than 100% increase year on year. The important thing for me is that if they can maintain this performance all through the year, you'd easily see this stock with an earnings ratio of around maybe 20 to 22 Naira. At this price point, that would put, let's work out what the PE ratio at best at this price point.
• 4:51
  the p e ratio for this stock the forward p e ratio uh ladies and gentlemen would probably be in the 14 uh times multiple 14 x 15 x which would put it in tandem with other players in that space we look at all the other players are probably trading at 14 15 17. abu assam means is the most expensive uh stock by that by by by p e ratio going by
• 5:19
  previous or historic key ratios so we continue to pay attention to it i think this stock is going to run hard today i would be shocked if the markets aren't excited by a hundred percent more than a hundred percent increase young yet in profit and that's just the first quarter uh dango this immense closed at a all-time high of 870 naira share so that's the primary reason i'm looking at it q1 numbers will be out next week
• 5:48
  if those numbers surprise the market then you might see this stock push to 900 if they disappoint the market you may see a pullback in your stock and honestly i'm not certain things could be either way things could be 50 50 because the if you look at last year's numbers volume growth has been a struggle for this firm and if volume growth struggled last year if you still see that that same pattern repeat itself then you may have some investors asking themselves
• 6:18
  do i continue to hold this stock if volume is not great because if your competitors are green volumes and you're not green volume that is a big uh because for concern so dango this image uh let's see what the technicals say what do these technicals um tell us ladies and gentlemen daily is a strong buy even though stock is in a blue sky zone so really what you want to look at is your moving averages rsa and stock 96 boots rs and stock 96
• 6:47
  uh overbought rsa at 90 stock 96 at 46.1 moving average is 12 by cell zero so moving average is up that's a strong buy but the question is do you really want to buy any stock at an all-time high i'm also with q1 numbers around the corner so it's a sit on the frenzy into those numbers uh out um transco hotel dropped its q1 numbers uh what do we see 55 couple in earnings per share marginal increase from last year
• 7:17
  uh profit after tax of 5.6 billion last year was 5 billion so a bit over 10 percent increase in profit after tax uh it's not a liquid stock so i'm not bothering with the technicals and in any case uh the the stock is trading at an all-time high of 223.3 so at this point it's a weight and seating i also feel that stock is pricey because even if i assume that it can do two naira and any special at its current price
• 7:45
  uh straight out over a hundred times and its question is are we sure this company can grow any hundred percent year on year and even if it can there's no margin of safety if your stock is growing earnings at a hundred times you don't buy it a hundred times about 80 90 times so you have a margin of safety if slash when the earnings growth decelerates so i'm just talking about this talk because the results are we're out as for transco
• 8:15
  A hotel, Seplat. What do we see for Seplat? Seplat London, ladies and gentlemen, closed at 5.59 pounds. We could still see a further push up. I think Seplat numbers, by the time they're out next week, you'll easily see this stock at 6 pounds. I'm closely watching Seplat, looking at Seplat price in Nigeria and Seplat in London. Seplat in Nigeria is about 10,450. Seplat in London.
• 8:44
  at five point five nine pounds i think it's around ten thousand uh uh one hundred naira ten roughly ten thousand two hundred now so essentially they are at par if slash when we see uh a change or we see one one side more expensive than the other you're going to see movement from the cheaper side to the more expensive side if you see surplus london become expensive and accept that nigeria people buy in nigeria and sell in london if you see separate nigeria become cheaper accept that london
• 9:14
  people would buy in nigeria and sell in london so that's what i watch out for for um sepla but i think this easily this talk easily i won't be surprised this talk would easily end the year somewhere between 12k to 13 um k uh or more but in any case this is no ways advice just share my thoughts sometimes thoughts may not become reality so this is not telling you to buy sell or hold i'm just telling you how i see the market on a daily thoughts can change at any point
• 9:43
  in time that's surplus ladies and gentlemen uac nigeria uh what do we have close at an all-time high i believe of 133.1 but what i'm seeing the numbers i'm seeing here i'm looking at my charts and chat shows it this is an all-time high um i'm also seeing that this is a 52 week high of 133.1 and so um uh where do we go from here
• 10:10
  anyways q1 numbers i believe should be out next week but the charts are showing a strongly positive momentum at this point stock is in a blue sky zone truly way above resistance so i'm not sure uh the the charts are quite useful in resistance and support level moving average is 12 by so zero size of about 34.7 but you could still push higher in any case i think momentum from q1 numbers could easily push this stock up maybe another 10 15 i was so strong momentum this week
• 10:39
  and who knows what next week would bring now switching over ladies and gentlemen we accommodate everyone and let's go to the pigeon english coverage my people good morning i see mika hello now today on a friday at the last reading day for nigeria stock market you know the market they run from monday to friday so what's not the look out for the market this week the first talk with them as any bank as anybody we make it serious today now under the most expensive stock for the financial space for nigeria stock market so i should say people
• 11:08
  and for the stock and uh like next week monday now a qualification date at the last day for those who won't get the final dividend and monday be the last day so if you decide say you could see some people could say make i just put money today by the dividend even though the stock don't price so if you say they buy the stock around 100 now then it could make sense who knows the price and people people say where that kind of movement does not make sense at all so but some people decide say where
• 11:37
  just to collect dividends they can just put money inside but we will see as the price could work out today then you know if we talk zenith not talk gt bank gt bank closed i wanted the three yesterday normal on a normal day both of them they trade side by side and so right now then it's called small as gt if you possibly see if zenith for today if gt rise today then you go cc and gt go vatic as any so people they look the two of them because now then be one of the big big big banks the big five banks when i just talk market zenith and duty there among them
• 12:07
  now why people they look at for market today i also they look what cement once they may be dropped their report card for last quarter they'll be dropping yesterday after market close and this team makes sense profit move up sharply the way profit take run and not be smotting uh profit do over 100 increase so people go say ah if profit be like this how the full year go be how january go december go be from january to march profit go up by 100 and so well
• 12:35
  before you know just saving you put money because this stock non-liquid to get the shares to buy they had to come to sell those shares they had because 95 of the company they all got the top someone drop you 90 hold those shares so you don't get many shares where they trade and people where they get the shares now they don't like to decide you don't go blame them because in a cement company money we didn't make uh as a chief reason to come money in our water and i saw the cement money be like for these cement companies so now why are they looking
• 13:05
  transco hotel the company will get the popular transco hotel for abuja they will drop their report card yesterday the number not bad uh 55 couple they make in any special uh profits about a 5.6 a billionaire is still high past last year so it makes sense but the stock don't check go don't check go so and you know even they're easy to buy because uh the people will get the shares now you know they said so i'm big big boys the two big boys transco and the movie
• 13:35
  minister of finance incorporated and then with the major shareholders and you know they said so this country uh you could just watch them i just talk because now what's happening for market yesterday so nobody said now that buy or sell look now based on say they drop their report card a big company you must to talk up you know if you talk those ones not talk set platform for london except for london they run they go they run small small they go i said platform nigeria cost small passive platform london set platform london now
• 14:03
  at 5.6 pounds or 5.59 pounds that's about 10 173 naira surplus for nigeria and 10 450 so they look and they go seplak will drop their report card next week many companies go drop their report card next week if the report makes sense past the last year you can see the price they run they go and if the price for london run past nigeria some people could say nigeria cheap pass london and make a buy for nigeria
• 14:33
  if london cheap pass nigeria we can buy for london so now why would they watch them now so you go be i say make i just let you know which are they look for markets we can go arrange myself make a house over my daily 2k you know now we can uh we can spend spending spending full everywhere so we'll go also for money for today we'll see you at middle of the day