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5 reasons why you should download the YOCHAA mobile app

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Access to data is unarguably the biggest factor for successful investment in stocks worldwide. This easily explains the level of attention and huge resources constantly deployed by the players in this industry to make sure investors are armed to the teeth with sufficient knowledge for making the best investment decisions. Nigeria is no exception to this stock market reality.

With the Nigerian stock market growing steadily and scoring global records – Nigerian stocks were the best performing worldwide at the beginning of the year 2018 – there comes with it the urgency to meet the pressing demand for data. The opportunities for wealth creation in the Nigerian stock market are endless, and there is even more awareness to this effect, thus an increasing number of investors in the market. But how do we plan to meet the attendant rise in demand for data and investment insights? One unique solution in the market today is YOCHAA.

Nigeria’s mobile phone penetration hit 84% at the end of 2017, and at the time, there were over 21 million smartphones in the country. The implication of these statistics is that Nigerians are far more available on mobile phones than they are on any other internet-enabled device, making it the most strategic place to deliver high-demand solutions like the need to access stock market information. That describes what the App YOCHAA has done.

YOCHAA is a mobile-based application that provides comprehensive access to data on the Nigerian stock market. Here are five compelling reasons why all Nigerian investors should download this app.

1. Data display is unique, and rich.

How unique is YOCHAA? When you download the app, one of the first things you notice is a color-coded collection of tiles labelled with stock symbols. The developers call it the HEATMAP. Without necessarily paying attention to the numbers on display, you can already have a grasp of how the different stocks are faring for that day. The darker the green, the better the performance of that stock, the darker the red, the worse. It gets even better, when you touch a tile, it shows more information including a clear chart of stock price over a selected period, stock performance history and key trade statistics at the end of that day in trading. The filter tool also makes it possible for you to see just some selected stocks at a time.

2. Rich source of free analyst recommendation!

The developers of YOCHAA place a huge premium on user-satisfaction. For starters, YOCHAA has a comprehensive in-app library of articles to help all new investors in the Nigerian stock market find their feet. These short but straight-to-the-point articles are carefully authored by professionals in the field. Same goes for stock recommendation articles posted to the app. On YOCHAA, users also get up-to-date news relevant to trading Nigerian stocks, the app even goes as far as sourcing rich content from credible third-party platforms like Nairametrics, Bloomberg and Reuters. The ultimate goal of the developers remains the enlightenment of its users towards profitable investments, and they make all these resources available, free of charge.

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3. You can practice trading stocks, without losing real money.

This feature of the app is a recent inclusion that helps to significantly minimize your investment risks in the real market. How does this work? The demo first serves you N80,000 with which you can buy stocks. With this cash, you can begin to populate your demo portfolio with stocks and monitor how they perform over time. Side-by-side your demo portfolio is also another portfolio managed by backstage analysts, you can always tap insights from their portfolio to boost yours. The big idea here is that you can take your time to taste various trading styles and try various stock combinations till you find what is best for you, without having to lose any money. Once this winning combination is found and you are confident about it, then only can you call your stockbroker to lock it down with real money.

4. Beyond just numbers, you are served company fundamentals too.

Numbers are good for investment, but that remains only a fraction of all you will need for successful investment. More to numbers is the need to know some other fundamental issues surrounding a stock. These other issues would include quality of leadership of the company that owns the stock, levels of competition within the market of that stock, the influence of government policies and many others. YOCHAA understands the place of these other fundamentals too and makes them available to users. This section of the app is constantly updated to keep up with the most recent developments around the different stocks.

5. YOCHAA is the first and the best of its kind.

This is not a brag, it is a fact. YOCHAA is the first mobile-based solution for data access in Nigeria. Many positive reviews by current users of YOCHAA also attest to the fact that the app is the best in its category. In one of such testimonials, a user wrote “This app has been [of] tremendous help in my choice of stock selection, fundamental analysis and news update. The market information is precise, educative and currently timely and up to date. We encourage Yochaa for this bold step!!”

Users also appreciate how strategic the solution YOCHAA provides is, one user wrote “Yochaa is the best initiative by the great minds to solving Nigerian stock exchange online problems. I give kudos to the great people that started this.” One user dropped a review on the Google PlayStore and concluded as follows, “Super app. There is none like it on Nigerian stocks.”

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HOW CAN YOU DOWNLOAD THE APP?

For android users, go to bit.ly/yochaaandroid

For iOS users, go to bit.ly/yochaaios

You can also go to the Google PlayStore and AppStore (for android and iOS users respectively) and search for YOCHAA. You will identify the app with its logo, a blue graph. Click on it and download.

The YOCHAA team can be reached for questions, guidance and recommendations by the following means;

Email: [email protected]

Facebook: facebook.com/yochaaapp

Twitter: twitter.com/yochaaapp

 

YOCHAA is a product of rigorous work and dedication to excellence, and it is living up to the expectation of keeping its user ahead, smart ant informed. You too should download the app to stay ahead.

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NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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      Companies

      COVID-19, VAT, FX scarcity adversely impacted our operations in 2020 – Nigerian Breweries boss says

      NB Plc’s operations in 2020 were adversely impacted by the COVID-19 pandemic, VAT increase and FX devaluation.

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      Heineken scoops more Nigerian Breweries shares in insider disclosure

      The management of Nigeria’s leading brewer, Nigerian Breweries Plc has revealed that its operations in 2020 were adversely impacted by the COVID-19 pandemic, VAT increase, FX devaluation and scarcity of foreign exchange.

      This statement was made by the Managing Director of Nigerian Breweries, Mr Jordi Borrut Bel, at the company’s pre-AGM media briefing for the financial year-end 2020, which held in Lagos this week.

      He noted that the increase in the brewer’s cost in 2020 was due to the COVID-19 pandemic which disrupted the company’s operations, as well as the increase in VAT, devaluation and FX scarcity which has put pressure on input cost.

      READ: Alcoholic beverage makers on NSE lose a total N27.7 billion in a single day

      The Nigerian Breweries boss explained further that the increase in cost could not be fully attributed to currency devaluation and foreign exchange scarcity.

      He explained that the increase in costs of goods sold, as reported in its audited financial results, could also be linked to the increase in the volume of goods sold, as the company’s sales volume in 2020 increased by almost the same percentage as the cost of goods sold.

      To deal with this challenge going forward, he revealed that the company is focused on the supply chain, and will continue to seek out ways to mitigate any of the price increases coming from FX scarcity.

      READ: Brewery sector: A quarter to forget

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      The company’s profitability in question?

      An analysis of the company’s result revealed that despite the 4.3% increase in net revenue from N323.00 billion recorded in 2019, to a total of N337.01 billion in 2020, the company’s profit declined significantly by 53.3% to N7.53 billion.

      Speaking on this, Jordi Borrut in his statement at the press briefing noted that the brewer’s business performance in 2020 was quite impressive especially in the face of the COVID-19 pandemic and economic recession. Despite these challenges, the company maintained a strong and healthy balance sheet.

      There was a slight reduction in profitability but compared to the previous year, the business witnessed an improved growth in revenue. The significance of this is that the business became more stable and healthier,” he said.

      READ: Nigeria’s triangular beer war on the rise with the arrival of Budweiser

      What you should know

      • Nigerian breweries, being the largest brewer in the country, maintained its stance in terms of generating profits year-on-year. The company emerged as the only brewer to record a profit of N7.37 billion from its operations in 2020, 54.3% lower than 2019 figures (N16.1 billion).
      • From this, the leading brewer was able to pay shareholders a total dividend of N7.5 billion, translating to a dividend of 94 kobos per share – a dividend payout in which exceeds 100%.
      • While Guinness and International Breweries made a loss of N12.6 billion and N24.9 billion respectively, this reality impacted their ability to pay their shareholders dividends in 2020.

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      Business News

      Highest paid Nigerian bank MD/CEOs of 2020

      Bank MD/CEOs in Nigeria earned a combined N1.5 billion in salaries in 2020.

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      The banking sector, especially commercial banks, is one of the most profitable sectors of the Nigerian Economy churning out profits of close to a trillion in 2020 alone. They are also one of the highest employers of labours in the country employing over 93,000 Nigerians.

      Sitting at the helm of affairs is the Chief Executive/Managing Director, the highest-ranking executive in the organization saddled with the responsibility of making the best corporate decisions, oversight of the execution of the organisation’s corporate strategies and most importantly increasing the shareholders’ return. The buck basically stops on their table.

      Thus, these enormous responsibilities also come with a considerable executive compensation for their service making them ostensibly the highest-ranking staff of the bank.

      READ: Jim Ovia: From a clerk to founder of Nigeria’s most profitable bank

      In typical Nairametrics fashion, we bring to you a list of the highest-ranking bank CEOs for 2020 based on their executive compensation (exec comps). The bank MD/CEOs under our review earned over N1.5 billion in salaries in 2020.

      The data was sourced from the published audited accounts of the bank and verified by Nairametrics Research.

       

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