STNWAUME:


I don't subscribe to his abusive language and its good mod deleted.

but are you also a woman?

emmanuelewumi:
Just came back from uac property agm. I may have to increase my holdings in the company

What's the conclusions on their rights issue.

fxuser:
bears finally taking their turn
#Pullback season

MPC triggered? Was there a free-for-all or were chairs flying at the MPC today?

Herd mentality of nse

Manonamission:


MPC triggered? Was there a free-for-all or were chairs flying at the MPC today?

http://nairametrics.com/nigeria-records-gdp-growth-rate-of-0-52-nigeria-still-in-a-recession/

This is expected, isn't it?

Manonamission:


MPC triggered? Was there a free-for-all or were chairs flying at the MPC today?

https://www.thecable.ng/breaking-cbn-mpc-holds-interest-record-high
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) decided to hold key interest rate at record 14 percent, while seeking convergence in foreign exchange market.

Godwin Emefiele, governor of the apex bank disclosed this at the end of the meeting in Abuja on Tuesday, said all members of the committee voted to hold interest rate at current figures.

He said the committee decided to keep key interest rate at 14 percent, while cash reserve ratio (CRR) and liquidity ratio were held at 22.5 percent and 30 percent respectively.

More to follow…

OBAGADAFFI:


What's the conclusions on their rights issue.

The right will end this week, the pricing is deliberate, the volume sold today is unprecedented

emmanuelewumi:


The right will end this week, the pricing is deliberate, the volume sold today is unprecedented

The volume is expected-

Right issue - N3.00

Market Price-N1.86

OBAGADAFFI:


The volume is expected-

Right issue - N3.00

Market Price-N1.86

It appears management does not want us to take our rights.

emmanuelewumi:


It appears management does not want us to take our rights.

Who will buy an expensive right?

I said it here earlier, i noticed most right issue are usually more expensive than the market price.

emmanuelewumi:


It appears management does not want us to take our rights.

Sir manie i havr sent you a PM. Have a few qiestiins to ask you. Kindly respond if you can. It does not concern stocks

shigidi:


Sir manie i havr sent you a PM. Have a few qiestiins to ask you. Kindly respond if you can. It does not concern stocks

Please call 0

OBAGADAFFI:


Who will buy an expensive right?

I said it here earlier, i noticed most right issue are usually more expensive than the market price.

It will be over subscribed

fxuser:
bears finally taking their turn
#Pullback season

Hello Chief

whats your thought on the current pullback?

do you think it wld materailly differ for that of last week (which was shallow)

if so any technical indicator guiding ur position?

wld appr8 if you share

Osinbajo, whose letter dated May 16, 2017 was conveyed to Speaker Yakubu Dogara in the Vice President’s seal and letterhead but signed with the designation of the Acting President, said the DBN was approved by the last administration but the loan facility was strangely omitted in the 2014/2016 borrowing plan by the National Assembly. The letter reads “The Development Bank of Nigeria (DBN) is a multi- donor supported bank approved under the previous administration with
the Financing Agreement executed on February 25, 2015.
“However, the facility in the sum of $1.28b appeared to be inadvertently omitted in the 2014/2016 external borrowing plan approved by
the National Assembly.
“The bank is being supported by the World Bank, African Development Bank, KfW Development Germany and French Development Agency in the sum of $500m, $450m, $200m and $130m respectively.
“The bank is ready to commence operation and the donors are also ready to commence disbursement
consequent upon National Assembly approval .

emmanuelewumi:


It will be over subscribed

We are watching

Chibuking81:
Most stock will go down within this month and June, because there is no news or expectation of result this month and early next month, but come June ending /July, with expectation of q2 result in which some companies will release good result with interim dividend, stocks price will move up.
So now is right time to buy good stocks, but remember that stocks price will still go down, just wait patiently and enter at your desirable junction, and join me to smile in July/August.

This is my yesterday statement, and it has started.
Look for a better stock and position yourself well, ahead of July /August.

Chibuking81:
NSEM, bull is back.
The question here is how long will it last?
The stocks manipulators are fully back in the market, and they are using advantage of upward movement of good stocks.
1. My fellow investors and stock traders (JIJO group) beware of some stocks that usually causes high blood pressure
2. This is an opportunity for long trapped investors to bail out, from their trapped stocks.
3. As soon as market makers take the stocks to their desired locations, right issue will follow ( many companies will announce for their right issue) by the announcement the reverse will be the case.
4. Remember to follow this bull with long spoon as long as it last.
5. This week is for bull , while next week might be for bear, profit takers may start their work next tomorrow through next week.

I stated the above on May 10th 2017.
No 3. Is taking place now, right issue.

I see Vitafoam moving to about NGN3.13, this is supported by the fundamentals and the technical chart. The momentum f9or the upward movement is strong. Trading this stock at this level involves minimal risk. I will put my stop loss at 2.12.

Extract of the financials an the chart is shown below.

For me playing the market at JIJO level seems to be the best, especially if I look at some losses I have made using the buy and hold method. Getting in love with a stock is not worth it for now. Just as I am writing this, I too am placing my order by e-mail to my brokers for execution tomorrow.


CAUTION: This is my personal opinion. The sources of data are assumed to be correct, but you may need to do your own verification of the facts. For any chart analysis, I am available for assistance.

SHOULD INVESTORS SELL IN MAY AND COME BACK IN SEPTEMBER?
I love analyst backing up their assertions with data or evidences. I have been hearing the popular statement, "sell in May and Come back in September" since I can even remember. Experience they say, is the best teacher. This may be what many investors have witnessed and encountered in the market place.

I have been looking at NSE data recently to determine if this assertion is valid. To a large extent, the statement is valid, but with a little modification. Table below shows NSE winning percentage rates. Between 2002 to 2016, the month of May has the highest winning rate (73%) followed by June at 53% and the least is August having just 27% wins. Selling in May after reaching my investment objectives seem fine, but June is not totally bad either.

That is not the whole story, before the great depression in 2008, sell in May and come back in September did not hold water as virtually all the months won apart from August which was flat. However, after the economic depression in Nigeria, the theory is reasonable; only month of May appreciated by 67% while the remaining 3 months are on losing streak.

What interest me however is in the chart below. The almost similarities between Price & MACD from March 2012 and March 2017 is of interest to me. The arrows on the chart are pointing at the Month of May. Nigeria economy started picking up from 2008 depression in 2010 and GDP was growing before it got to its peak in 2014. Impact of the economy recovery is shown on Investors attitude towards investment on NSE ALL Share Index.

Yesterday, MPC reported a GDP growth rate of -0.52 better than previous 4 quarters. This is an improvement in the economy.

Key Questions
-If the economy is improving, will investors shy away from investment, NSE in particular?
-If the economy is improving, why should I sell my holdings in May again?
-If the economy is improving, do I have to go away until September?
-If the economy is improving, can I get fundamentally sound stocks that are not yet overbought and invest in them for long term?
-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

Presently, the market is flat and seriously looking for a catalyst to either continue its bullishness or drive it down. Will the theory of sell in May and come back in September valid in 2017? Personally, I don't know. But one thing I know is that with improving economy, there will be opportunities in the Market to tap into in June through August.

NB: Winning Percentage is the ratio of the number of year stocks appreciated/gained to the total number of years considered

BullBearMkt:
SHOULD INVESTORS SELL IN MAY AND COME BACK IN SEPTEMBER?
I love analyst backing up their assertions with data or evidences. I have been hearing the popular statement, "sell in May and Come back in September" since I can even remember. Experience they say, is the best teacher. This may be what many investors have witnessed and encountered in the market place.

I have been looking at NSE data recently to determine if this assertion is valid. To a large extent, the statement is valid, but with a little modification. Table below shows NSE winning percentage rates. Between 2002 to 2016, the month of May has the highest winning rate (73%) followed by June at 53% and the least is August having just 27% wins. Selling in May after reaching my investment objectives seem fine, but June is not totally bad either.

That is not the whole story, before the great depression in 2008, sell in May and come back in September did not hold water as virtually all the months won apart from August which was flat. However, after the economic depression in Nigeria, the theory is reasonable; only month of May appreciated by 67% while the remaining 3 months are on losing streak.

What interest me however is in the chart below. The almost similarities between Price & MACD from March 2012 and March 2017 is of interest to me. The arrows on the chart are pointing at the Month of May. Nigeria economy started picking up from 2008 depression in 2010 and GDP was growing before it got to its peak in 2014. Impact of the economy recovery is shown on Investors attitude towards investment on NSE ALL Share Index.

Yesterday, MPC reported a GDP growth rate of -0.52 better than previous 4 quarters. This is an improvement in the economy

Good work my brother.
Can you pls explain what you mean by winning percentage?

yok:
I see Vitafoam moving to about NGN3.13, this is supported by the fundamentals and the technical chart. The momentum f9or the upward movement is strong. Trading this stock at this level involves minimal risk. I will put my stop loss at 2.12.

Extract of the financials an the chart is shown below.

For me playing the market at JIJO level seems to be the best, especially if I look at some losses I have made using the buy and hold method. Getting in love with a stock is not worth it for now. Just as I am writing this, I too am placing my order by e-mail to my brokers for execution tomorrow.


CAUTION: This is my personal opinion. The sources of data are assumed to be correct, but you may need to do your own verification of the facts. For any chart analysis, I am available for assistance.

Sir,I think it would have been better if you have shown more details on the FA chart .
For a company like vitafoam, net profit and eps are more important than operating profit.
For instance at year end September 2016 the company recorded a loss after tax of 32m as against a profit after tax of 413m in 2015.
The gearing ratio too is very important to full TA. In my opinion the company is highly leveraged and they might come to the market very soon to raise some money and that I don't think is good for investors.

yok:
I see Vitafoam moving to about NGN3.13
CAUTION: This is my personal opinion. The sources of data are assumed to be correct, but you may need to do your own verification of the facts. For any chart analysis, I am available for assistance.

nice one

BullBearMkt:
SHOULD INVESTORS SELL IN MAY AND COME BACK IN SEPTEMBER?

Key Questions
-If the economy is improving, will investors shy away from investment, NSE in particular?
-If the economy is improving, why should I sell my holdings in May again?
-If the economy is improving, do I have to go away until September?
-If the economy is improving, can I get fundamentally sound stocks that are not yet overbought and invest in them for long term?
-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

NB: Winning Percentage is the ratio of the number of year stocks appreciated/gained to the total number of years considered
#

interesting

robobo:


whats your thought on the current pullback?
if so any technical indicator guiding ur position?
wld appr8 if you share

Not sure how shallow or deep but for stocks in an uptrend (where SP >major trend lines, Eg: big 4 banks)
We expect to see prices make higher lows after d recent rally to higher highs (HH) and then continue since nothing moves in straight line

fxuser:


Not sure how shallow or deep but for stocks in an uptrend (where SP >major trend lines, Eg: big 4 banks)
We expect to see prices make higher lows after d recent rally to higher highs (HH) and then continue since nothing moves in straight line

thank you chief apr8 ur respoonse

BullBearMkt:
SHOULD INVESTORS SELL IN MAY AND COME BACK IN SEPTEMBER?
I love analyst backing up their assertions with data or evidences. I have been hearing the popular statement, "sell in May and Come back in September" since I can even remember. Experience they say, is the best teacher. This may be what many investors have witnessed and encountered in the market place.

I have been looking at NSE data recently to determine if this assertion is valid. To a large extent, the statement is valid, but with a little modification. Table below shows NSE winning percentage rates. Between 2002 to 2016, the month of May has the highest winning rate (73%) followed by June at 53% and the least is August having just 27% wins. Selling in May after reaching my investment objectives seem fine, but June is not totally bad either.

That is not the whole story, before the great depression in 2008, sell in May and come back in September did not hold water as virtually all the months won apart from August which was flat. However, after the economic depression in Nigeria, the theory is reasonable; only month of May appreciated by 67% while the remaining 3 months are on losing streak.

What interest me however is in the chart below. The almost similarities between Price & MACD from March 2012 and March 2017 is of interest to me. The arrows on the chart are pointing at the Month of May. Nigeria economy started picking up from 2008 depression in 2010 and GDP was growing before it got to its peak in 2014. Impact of the economy recovery is shown on Investors attitude towards investment on NSE ALL Share Index.

Yesterday, MPC reported a GDP growth rate of -0.52 better than previous 4 quarters. This is an improvement in the economy.

Key Questions
-If the economy is improving, will investors shy away from investment, NSE in particular?
-If the economy is improving, why should I sell my holdings in May again?
-If the economy is improving, do I have to go away until September?
-If the economy is improving, can I get fundamentally sound stocks that are not yet overbought and invest in them for long term?
-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

Presently, the market is flat and seriously looking for a catalyst to either continue its bullishness or drive it down. Will the theory of sell in May and come back in September valid in 2017? Personally, I don't know. But one thing I know is that with improving economy, there will be opportunities in the Market to tap into in June through August.

NB: Winning Percentage is the ratio of the number of year stocks appreciated/gained to the total number of years considered

Thank you chief for this thorough analysis. quite impressive and insightful. wish more people could support their assertion with fact based data as this and where not available state such assertion as opinion.


please what wld b ur personal take / decision for this scenario

-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

robobo:



Thank you chief for this thorough analysis. quite impressive and insightful. wish more people could support their assertion with fact based data as this and where not available state such assertion as opinion.


please what wld b ur personal take / decision for this scenario

-If the economy is improving, what do I do with fundamentally sound stocks that are in overbought level?

...wait for Daily pullback while the Weekly is still bullish

BullBearMkt:

...wait for Daily pullback while the Weekly is still bullish

thank you for your response

if i understand you very well ur above position is for possible entry.

if so can i stretch it further for an exit position thus

opposite of ur above position for short term play

nd sit tight for medium term play as long as weekly remain bullish.

kindly correct me if am wrong