Latest / Green Ticker Tales / NGX Premarket July 7, 2026

Transcript

NGX Premarket July 7, 2026 · Green Ticker Tales

• 0:00
  Good morning. Welcome to today's pre-market podcast. So what's on my radar? It was a good trading session yesterday. We had the bounce in the offshore index up by 2.1%. So we're back above the 230k levels. That's a good thing to see. I think we're either going to stay where we are or inch up for that in today's trading session. But for the specific stocks on my radar, May and Baker.
• 0:29
  as well as CAP. They were some of the stocks that declined yesterday. Now, CAP is particularly on my radar because it's trading close to what's my entry point. CAP is trading at about 12 times our forward earnings. My target entry price is around 11 times earnings. So if I can have another maybe 5%, 6% decline in CAP or even a 10% or 15% decline in CAP, then I'm good to go.
• 0:58
  For more context, you can cross over to the video side of things. The video should be up at 6 a.m. Nigerian time. The Fugas Banks, collectively and individually, Zenit Bank is on my radar as well. Zenit has always been on my radar for the last couple of weeks because it's one of the big five banks by size in the country and it's trading below book value. In fact, with the market recovery we had yesterday, I was expecting Zenit to close in the green.
• 1:26
  But instead, it fell slightly. So, certainly trading at 105, trading at about 0.83 times book value, I think that's a good place to start to accumulate that stock. Weimar is on my radar, but for this time, it's a whole situation because it's trading close to the 30 Naira mark. I've always felt that 25 Naira is a good entry point for Weimar, 22, 25, if we can catch it at 22. So, Weimar almost 30 Naira.
• 1:56
  How are we going to see it break out above that? Let's see what today's trading session would tell us. On the trade side of things, CAP dipped as well yesterday. An interesting thing is that at its current price, CAP is trading at default earnings that's cheaper than Vega Prince. And really, the competition in that space, you have four players, but the competition, in my view, is between CAP and Vega because of their size. I mean, when you look at...
• 2:25
  revenues and all those things. I'm looking at profit after tax. Estimated profit after tax for CAP probably will come in at 6.3 billion, bigger at 1.8 billion. So even CAP could add up all the profits for the other firms and they wouldn't equate to CAP. So CAP is a huge player. I would argue that by size, due to its size, CAP should trade at a higher multiple. But bigger though.
• 2:52
  i've been slightly more expensive by folding is has a higher and his kicker beggar five years kicker is 50.4 percent cap at 31.3 so those are the stocks on my reader um the market yesterday he had broad recovery across all players let's see how it ships out today i'm switching over to the pigeon english side of things my people are nadir well i said
• 3:17
  last week be many people in crisis market remark area but this week you'd like settings on the better because yesterday the market began yesterday the asi would they use the measure marketing close up by two percent uh so many many people now put it on the sweet end but as it be you know saying our markets are some stocks they go up some stocks they go down i know this one and i just stock markets they run from monday to friday ssa holiday day ssa cassava day but so far so this is not the amount of friday
• 3:46
  market you put so it's also before yesterday and some big big masquerades on a small masquerade a cap before yesterday a big stock for the imperial sector in fact and the biggest spain company within the nigerian stock market so it before small yesterday me and beca don't say where the stock for me and beca you know something i may see if they do say before so the water and you say those we won't buy the water see when make it for where it went at the end those they won't say where
• 4:14
  that's why if they be i said before you go press it make you just deal with this if i won't cut out it will cut out so now you go watch your market if you not get the time 6 a.m nigerian time we'll cross over we'll call you the matter where you know say now let me be this if they talk money matter if you talk all this kind of finance and matter you need to show picture make people they see if you comprehend with you the young and then if you don't get the time by middle of the day and that kind one o'clock at that time hold on the near middle of the market
• 4:44
  i will stick on let you know what did it happen so till then now we can stay safe as you can hear say for the background during the fall but uh we can't arrange ourselves no goals of our daily ticket for the day we will jam it up with that