Stock Market Tips For Nigerians

I think you have the wrong thread. The comment was posted on the ' stock market tips for Nigerians'
That notwithsatnding you have a point there. A lot of people are all noise and no action.
I have however made up my mind to push ahead whether or not people join me in this race for the future.

To all the gurus in the house. I think I made a mistake when placing orders for some shares. I bought some shares in Dangote sugar @ N55, Crusader @ N6.5 and RTBriscoe @ N29.5 but since when I bought the shares, the price has done nothing but surge downwards. do you think I should place a sell and count my losses or I should wait it out in hope that it is a good stock on the long run. I don't want to lose money and I also don't want to lose more money. So I would like an advise on the best thing to do now with this shares. Your opinion counts. Thanks

Companies are in the habit of using media blitz and other tactics to "hype" their offers so people can rush to buy.

So as Easimoni has said, it is better to look well before you leap into that stock. Sometimes public offers are not the best when seeking good returns on a particular stock.

Hi All,
I say we make our posts inclusive. For instance the post by EMMAACHILE on Access bank's data had me staring without understanding, the reason for this is the deluge of acronyms. I'm new here (the forum as well as stock trading), I would like posters to aid understanding of their posts by putting full words of their acronyms in brackets.
While reading EMMAACHILE's Post, acronyms such as PE, PAT & EPS flew completely past my head. Please help!

Hi All,
I say we make our posts inclusive. For instance the post by EMMAACHILE on Access bank's data had me staring without understanding, the reason for this is the deluge of acronyms. I'm new here (the forum as well as stock trading), I would like posters to aid understanding of their posts by putting full words of their acronyms in brackets.
While reading EMMAACHILE's Post, acronyms such as PE, PAT & EPS flew completely past my head. Please help!

, Regrettably, the reality on ground in Nigeria does not exactly tally with the above sanctimonious pontifications. The real life experiences that exude from any interface with Nigeria's post consolidation banks is to say the least, less than laudatory and still way below the mark of acceptable global banking standards. It is appalling, indeed lamentably appalling that three years after the consolidation gong was sounded in the Nigerian banking sector and with a preponderance of branches, endless queues and needless suffocation in the banking halls are still common sights in Nigeria's major banks. A recent experience of a crowd that far exceeded the capacity of the hall of one of Nigeria's top banks and the attendant risk of losing consciousness in the milieu, confirmed to me in the very clearest terms, the possibility of an early return to the culture of bringing sleeping mats to the banking halls for transactions.

The usual facile mantras readily mouthed by bank officials are "our systems are down", "there is network failure", "the ATMs are faulty", or worst still, "our UPS is down as a result of prolonged power failure". In an age where technology-enhanced bank halls across the world have become synonymous with serenity and swiftness coupled with highly effective automated teller machines facilitating the creation of a cashless society, Nigeria's mega banks still wallow in the cesspit of inexplicable network failure which automatically leads to congested bank halls and decrepit and docile ATMs. In most banks where insignias of ATM 24/7 are boldly inscribed, the machines have become defective monuments, swallowing cards without vomiting cash while at the same time deducting the amount requested. One of Nigeria's big banks has an intimidating register of trapped cards written in three voluminous notebooks all in a single branch! A top-flight banker with one of Nigeria's big banks recently confided in me that Nigerian banks are yet to fully come to terms with the requisite sophistication for efficient ATM services and as a result, he personally avoids the use of ATM while in the country.

, Yes I did, because in spite of Okereke-Onyuike’s rosy outlook, the Nigerian stock market is bound to bottom out in the months ahead because the fundamentals just do not add up. First and foremost, a capital market cannot be isolated from the environment in which it operates. The market, according to Financial Derivatives Company, an investment and economic and financial advisory firm based in Lagos, was by June ending trading at 43.67 times earnings, which when factored against real or nominal GDP forecasts for the year of some 6 per cent, does not justify the stock market rally. Second, dividend yields on actively traded sectors like banking are on average falling because their earnings relative to share capital are weak. In fact, with dividends yields in the market falling to an estimated 3 per cent (as against bond yields of 14 per cent), this should make a stock market plunge inevitable as investors will begin to look for more attractive avenues in which they can invest their funds.

While I beleive that most stocks are over valued, I still agree that the stock market remains the best investment vehicle available.