PETERiCHY:
The much anticipated STOCKARMEGEODDON is now taking place to the delight of bargain hunters that have been patiently waiting on the sidelines.

ZENITH BANK=N5:90k
GTBANK = N7:90k
OANDO= N1:70k
STANBIC=N8:10k
ETI=N8:90k
FBNH=N2:10k
ACCESS=N2:90k
UBA=N1:49k
DANGOTE CEMENT=#99:00k
SEPLAT=#110:00k
NESTLE=#199:00k
FO: My hand no dey

Patience is key and with GOD all things are possible

*ThE OcToPuS*

Peterichy d prophet don show with em stock prices..Nna men o di Egwu!!

Peterichy where is dollar rates going to N400? I need to take position..

ifeykay:
Peterichy,
It seems you got this one wrong again.
On Friday there was a notification from NSE for the planned Disaster recovery test on Saturday. This kind of test could be likened to a fire drill test which tests the reaction when there is real fire. In this case NSE has gone through that test which like any Disaster recovery outcome reveals preparedness or lack of it in real disaster. From the spillover of the system been down this morning only confirms NSE's unpreparedness in the event of disaster rather than manipulation as suggested in your post.
Remember our words define who we are. Write with verifiable facts.

Trust Peterichy to always spin such news to have a negative inclination to them. But I still gbadun the guy sha cos he is the most consistent bear I have seen in recent times.

The problem is when you are a consistent bear or bull, after a while you start to sound like a broken record. We have seen a lot of shenanigans emerge on this forum as a result of this.

rebekah2011:

My Oga, please spend it little by little oooooo. With the way things are going, next year maybe NIL dividend ooooooo.

Hehehehehe. GTB and zenith bank suppose still perform..I no fear

I don get GT Bank alert..GODWIN!!!!

Waiting for zenith bank next...

Hard rock cafe here I come

PETERiCHY:
I really pity those that still have their short term fund in NSE. I ve been sounding this note of warning since mid-last year when dollar was still below N220.

Henceforth we should expect what is called "STOCKMARGEDDON" which will ultimately push the dollar above N500.

He that has ears let him ear

*ThE OcToPuS*

Peterichy everyone that wants to heed to your advise has heard and sold out everything. At this time they have nothing else to sell.

PETERiCHY:


SEPLAT was enlisted in April 2014 @ the unit rate N576 it later went up to N720.

Now my questions are:

1)What was the value of Naira to dollar in April 2014 compare to now

2) Again what was the value of Naira to dollar in Jan 2016 compare to now

let's think outside the box and invest our hard earned money wisely.

*ThE OcToPuS*

Peterichy leave value of naira alone and make money if you have to. Alluding to your stmts, the person buying Seplat at this levels is a greater winner but that does not mean the person that owned it before is a loser. Seplat is a solid company, in the fullness of time they will regain all that they lost.

Meanwhile I like your real estate recommendation, that is a good place to invest now. It's a buyer's market out there and if you play your cards right you can be sure to snap a good property deal.

megainvest:
Meanwhile in other news, someone who bought Seplat exactly a month ago would have earned close to 90% ROI by today. You say the cup is empty, I say there is plenty of water to fill it!

You dey mind Peterichy, this is my best stock play this year. The stock that keeps giving.

I am not too much of a technical analysis guy but my friends who are have said we are close to the bottom in the NSE. That does not mean the all share index can't decline more but it just tells us this is a safe level to buy HIGH QUALITY STOCKS. Especially stocks with potential for good dividend yields. That way if something unexpected happens, you can stay in the stocks and at least get good dividends till the market get its bearing.

The market is a leading indicator and whatever economic malaise that we see presently in the country has been forecasted/priced in by the market from half year 2014 till date. as a matter of fact, We have lost close to 50% from the highs in 2014 till now. So how much do we really think the market can fall.

rebekah2011:


Why do guys want to buy coys making losses? There are good stocks like GTB, Zenith, APR and Dangote Cement. So why play kalo kalo with insurance stocks and penny stocks that will not deliver value now.

Honestly I dnt understand this too. The market is littered with good quality stocks at attractive prices. Stocks that can pay as much as 9%-10% dividend yield with some capital appreciation coming within the next 12 months or so.Can't explain why people are chasing penny stocks at this period in the market. The macro economic environment and its envisaged malaise does not even favour penny stocks.

locodemy:


i will buy mine at 8.00 then average like you did at 5.00 and my last average if oil reaches $20 at 2.50.God bless you sir for the write up.

.

All this una prices dey fear me ooo. I have never seen such crazy prices since I started investing on the NSE. For me and my household, we will keep buying quality stocks as money comes in cos I dnt know what the future holds.

[quote author=ihedioramma post=42002882][/quote]

Am not in oando and Fbnh. Of course I am losing (about 20%) on all my stocks at the moment. I can't really time the market so I just keep buying when I see good prices. I started buying last year during the sell offs in August/September.I have mostly bank stocks (access,zenith,Uba and GTB) cos that's where I see the highest dividend yield been paid for their 2015 financial year end.

PETERiCHY:
Even GTB now on full offer @N13:45 this was a stock some called a gift @ #18:50 just 2wks ago.

I hope it's now crystal clear to all why I do reffer the stock market as one of the most organized gambling platform.

2014 i made a kill, last year I couldnt break even while this year i hope for the BEST Still waiting at 20000 ASI junction

*ThE OcToPuS*

Well even though I dnt really advise averaging stocks but there are some quality stocks you can risk that for. I think GTB and zenith falls into that category. I bought my first tranche of zenith @ N16 and averaged it down to N13 this week, hoping to get a 10% dividend yield. will hopefully get my capital appreciation in the next 12 months.

What is happening now is that some die-hard foreign investors in the market got jittery when oil prices went below $30 and cos of their redemptions, they had to sell off their stocks, and the whole market joined in the sell off. If you have patient capital and you can hold on for like 12 months, you can buy in tranches. no one knows when the sell off will stop.

Also in regards to oil prices, we should be looking critically at the $25 price handle. That price tag has the most number of shorts associated with it, so that seems like a reasonable support but if it breaks that level then we might see more volatility in the market. Interesting times ahead!!!

Agbalowomeri:


Bookmark this; u will late by then

My oga Agbalowomeri with his words of wisdom, I hail ooo.

This market is not for the faint-hearted ooo. These prices I am seeing be like Black Friday sales Oo. Sold off some of my FX stash and added more units to my previously held zenith shares and bought my first tranche of GTB today. Nothing as sweet as picking some good quality stocks at giveaway prices.

I might be wrong but I am hearing from the grapevines that devaluation might come before this month runs out. If that happens and they move the trading band to N230 or so, then we might see some foreign guys taking up some quality stocks.

As usual do your due diligence and brace yourself for more volatility cos the storm is not over yet.

PETERiCHY:


I boarded @ N20:45 on 10th Sept a day after the JP MORGAN brouhaha.

My only stalk on NSE now is FBN which I got in @ N4:98 on 4th of this month.

Note:This not a buy recommendation

CC. portfolio checkers and monitors association.

Mr Peterichy I need to come and take investment lessons from you. How do you always buy stocks at their 52 week low prices. I remember your prior sojourn into Fbnh some months back at that periods 52 week low price. I have tried to perfect this skill but can't seem to do so. Please help a brother!!!!

Kagame:
This wonderfully written treatise by Profesor Charles Soludo on the state of the economy,Buharinomics and the way forward - "Can A New Buharinomics Save Nigeria?"

You can find the article on http://linkis.com/saharareporters.com/PtNLU

I must warn its a very long piece but a very good read - less of politics and pure economics!

After reading, I downgraded my investment options from "ready to BUY" to "HOLD".

Very interesting read Oga Kagame. Soludo tried to bring to bear most of the issues plaguing the economy and the ambivalent nature of most of CBN's policies.

Oga if I may ask why the downgrade to "HOLD". The present administration seems like Keynesians to me. Seems like we are about to embark on our own naija-styled QE. High Liquidity in the banking system is driving down tbills rates to the extent that we are now seeing negative real rates (when we factor in inflation at about 9.3%). The govt seems to want a bigger budget next year to bring us out from the economic malaise presently plaguing the economy so as to foster economic growth.

If this situation continues, I see funds by next year chasing stocks in the equity market for higher returns. Also a reduction in MPR might signal we are about to enter an easing cycle and I see this as a positive indicator for the equity market come next year. With some select stocks yielding a forward dividend yield of over 10%, I think we are closer to the bottom of this market. I might be wrong though but my guts tells me to continue to take strategic positions in some stocks.

cassimere:
Lol that Peter dude is a funny individual. After all the divine manifestation and bible quotes about Oando getting to N1000 in 5 years, he's here trying to use comic relief to validate his nonsense guesses and conjecture. He repletes nothing but the highest degree of lies and hypocrisy.

Oga cassimere, you dey see Wetin I dey see. I can't even believe that Peterichy sold oando. The way he spoke about oando Ehen, you will think he owned 5% of the company.

Well I think this is a great lesson for a newbie like me. I have learnt to decipher the monikers I should take seriously and those I should just ignore!!!

PETERiCHY:
OANDO now @ N7:35k with no bid.

When i keep saying that STOCK MARKET is one the most organized gambling platform some keep arguing now we can all see for ourselves.

May GOD give those in that bus the fortitude to bear the loss.

"Those in that bus" kee!! Oga seems like you have sold your oando!! Na wa ooo after all the preaching about "safe heaven". I hope you told people when you were selling.

Aks:






Above is my response to Manie and FranklinRich on their posts as at Oct 11 wooing people to BUY stocks at that period.

Una dey make me laff.

This market is poised to continue its volatility. the economy is not in a good state and the volatility of crude oil prices will continue to impact the market. You just have to be very strategic and calculative when investing now. Anyone expecting the market to fly up with gains might be disappointed. If my brain serves me right, I remember saying that the market might still decline before this year runs out.

People can choose to sell off which is fine, for me I have been waiting for this decline since after the last one in August. Will be adding to my UBA position.

What is funny is that the same people attacking the market will come here in the next 2 to 3 months to start saying they want the market to fall so they can buy. Now that the market is giving them an opportunity they are bad-mouthing it. I guess it's different strokes for different folks!!!!

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/11074_NIGERIAN_BREWERIES_Q3_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf

Poor performance..abi una no dey drink beer for Naija again?


http://www.nse.com.ng/Financial_NewsDocs/11075_NIGERIAN_BREWERIES_CORP_ACTION_CORPORATE_ACTIONS_OCTOBER_2015.pdf

N1.20k interim div.

Omo we dey drink oo . Cost of sales and financial charges dey do NB anyhow.

Speaking about financial charges, I noticed that most FCMG companies had higher financial charges in their 2015 H1 result relative to 2014 which led to a decline in their PBT and PAT. This trend seems to be continuning into the 3rd quarter judging from NB's results.

The banks seems to be a beneficiary of this. This kind of explains why we might be seeing more declines in the PBT/PAT of FCMG companies as opposed to an increment in the PBT/PAT of banks.

#conspiracy theory #confirmation bias

Born2berich:
So pastor Ihediorama and prophet myjoy08 got bashed heavily today. Never knew glogirl got some venom in her. Well its part of the fun too.

Back to business;

I was informed by an undisclosed source ( might not be reliable too) that oando result is very bad majorly due to high debt hence the delay and when they eventually release the result, we shouldn't expect much.....Also was told that they may come to the market with another private placement to raise more cash in the nearest future. I expect the current price to come down much further.

PS: This is not a buy or sell recommendation please.

More like not a sell recommendation. . **na joke o** but honestly would this news result in people buying Oando at this time, the writings on the wall are just too glaring to ignore.

manie:
No stock was tradeable in 1960, I bought my first UACN around 1999. NB Uac should be a good buy at anything between N20 to N23 for investors who want to diversify from banking stocks.

Oga Emma, I know say your eyes go Dey uacn. Been waiting for that stock to decline further. Hopefully this present blood bath brings it further down. It actually hit its 52 week low yesterday.

Aks:




After today's blood bath, can u still HOLD on to this assertion above?

Yes I can. I have been waiting for this opportunity so I can accumulate more of the stocks I bought during the last blood bath in August.

manie:
I own the following bankig stocks, FBNH, UBA, Access, Skye and Zenith. I think UBA has a higher upside potential compared to FBN. Instead of accumulating Zenith, GTB, Ecobank and Stanbic IBTC, it is adviseable to buy highly liquid and fundamentally strong banking stocks that are selling for less than N8.00. This is my layman's opinion.

I agree with you on the upside potential of UBA. I was able to buy some during the last banking stocks sell off.

ihedioramma:
sir, it is only a person that dont have cutlass will say that but are you gtb or fbnh?

I dnt have GTB and I dnt even plans to buy it at this price levels. I will rather buy zenith at this price levels than GTB.

Despite the headwinds that I envisage might have a drag on fbnh's financials, I see a greater upside in Fbnh than GTB.

Caveat: I own both zenith and Fbnh.

manie:
They are very cheap and may be cheaper, buy while offer lasts.

Pa Emma, let those that have ears hear. People that understand this game know that the market is always one step ahead of the economy. The market as a leading indicator typically recovers first before the economy and vice versa. So if people look at the decline in the economy and use that to Sell off stocks, this might be medicine after death.

The best time to have taken this action would have been around this time last year. The market is giving us an opportunity to buy stocks at attractive prices and I have a feeling that the market might fall a bit more, which will make prices even more attractive.

Anyone that has the patience to wait for like 12 months and decides to buy stocks now will not regret it down the line.

myjoy08:



Sir, that is inattentive news and believe me, that news is dead on arrival. It has no impact!

Well said..I really do not think there will be any adverse effect of this news in the NSE. I think the market's sentiments towards JP Morgan far outweighs that of Barclays, however if the market decides to sell off, I will use the opportunity to accumulate some more stocks

Aks:
I don't subscribe to the fact that the banking stocks are cheap cos few months back they were selling cheaper than the current price. NSE is very dry, the more you look, the less you see

There is a Chinese adage that says the best time to plant a tree was 20 years ago. The second best time is now.

Waiting for prices to go back to where they were few months back might be waiting in futility cos there is no guarantee that we might see the lows of August. Again the NSE has a mind of its own and will do whatever it wants to do so maybe we will see the lows again or maybe we will not. As for me and my household I will keep accumulating good stocks as funds come in. Timing the market is not a skill I possess.

May good news chase away the Bears in the NSE just like the Bears were chased out in this video clip


https://www.youtube.com/watch?v=8gadM6N2MuQ

myjoy08:
A word from the wise one for all of us

"A library full of academic studies has demonstrated that no one can consistently predict whether the market will go up or down over the next month or two, or year or two. Most of us are just plain wrong. When everything looks rosy, that's when something goes awry. When the market is down and depressed, that's when it's likely to jump higher..."

Myjoy08 playing the contrarian card !!!!I agree with you on this one sha,maybe it is me playing the confirmation bias card but time will tell.

Aks:
Good morning all, Please be very very afraid to enter into stock trading at the moment.

Invest Wisely and if your Risk appetite is LOW, please keep your money.

I want to believe this advise is for stock traders and not stock investors.

Born2berich:
CBN warns that the economy might enter a recession. Lets take note.

I personally think we can avert such an occurrence, monetary policies seems to have gotten to its limit at this point. Once the fiscal side is sorted out and they come in to complement what the monetary side has been doing, We should see some improvement.

Primetech:


impact on the market?

I expect this to be positive for the banks. The net effect of the TSA directive and today's reduction in CRR is a net banking system credit of over N200 billion. More money for banks to play with!!!

myjoy08:
CRR reduced to 25%

As expected. This should neutralize the effects of the TSA drawdowns from the banks!!!