4601CE:
This part got me

Na victory trap na, e no too tight as I dey look am. If to say na "your own don be" trap, me self go follow you worry.

Hello all. Happy weekend.

AdoptedSon:
Hello House,

Is Notore chemicals getting your BUY approval?

Eleme petro chemical and soon Dangote Refinery

Mpeace:
Sometime in 2008' this same japaul of 0.30 sold for 15naira. Lol. Time, time. You bad.

You have forgotten COSTAIN the all time record breaker which rose from N0.68 in 2006 to N88 in 2008 - almost 13,000℅ gain. Those were really crazy moments on NSE. When the bubble finally burst in 2008 it was a merciless cascade of daily losses.

Is he true 13,000%

Deadlytruth:


You have forgotten COSTAIN the all time record breaker which rose from N0.68 in 2006 to N88 in 2008 - almost 13,000℅ gain. Those were really crazy moments on NSE. When the bubble finally burst in 2008 it was a merciless cascade of daily losses.

Deadlytruth:


You have forgotten COSTAIN the all time record breaker which rose from N0.68 in 2006 to N88 in 2008 - almost 13,000℅ gain. Those were really crazy moments on NSE. When the bubble finally burst in 2008 it was a merciless cascade of daily losses.

Can you imagine how many people it sent to the village? NSE, sending pple to the village since 1900.

Thank God for a forum like this and all the great people. We are wiser now.

Deadlytruth:


You have forgotten COSTAIN the all time record breaker which rose from N0.68 in 2006 to N88 in 2008 - almost 13,000℅ gain. Those were really crazy moments on NSE. When the bubble finally burst in 2008 it was a merciless cascade of daily losses.

If you know the Costain roundabout you will know whether to BUY Costain shares or not.

Anyway, we are very far from 2008 levels

AdoptedSon:
Hello House,

Is Notore chemicals getting your BUY approval?

Seems it got a SELL approval.

Seplat and co.

Diamond
Weekly chart
- massive bearish engulfing week
- next junction is 52 week lows test

fxuser:
Diamond
Weekly chart
- massive bearish engulfing week
- next junction is 52 week lows test

Forget your TA with Diamond bank, wont happen! Range is N(1.09-1.30)...say I told you later. Whatever happens Diamond Bank wont break N1.00

Fidelity
- where next ?

stcool:


Forget your TA with Diamond bank, wont happen! Range is N(1.09-1.30)...say I told you later. Whatever happens Diamond Bank wont break N1.00

1.09 or 52 week low are all possibilities to me . .
i think the message is '' downside risk still persists ''

Seplat
- refresh

fxuser:



1.09 or 52 week low are all possibilities to me . .
i think the message is '' downside risk still persists ''

certainly

fxuser:



1.09 or 52 week low are all possibilities to me . .
i think the message is '' downside risk still persists ''

Why you dey reply the guy na? Leave him to battle Mr. Market

Zenith
- SP above prev weekly and monthly close
- d week and month turned green !
- d expected reward here is at all at all . . sigh

MSCI- NIGERIA MOVEMENT FOR 3 AUG 2018/GENERAL COMMENT

As at Friday 3rd August 2018, MSCI fund liquidated the fixed deposit, now has some cash to play the market. Still thinking about the next move.

The All Share index for the just ended closed on the negative side at 36,499.67, when compare with the previous week’s closing figure.

Personally, I am staying on the sideline, watching like an eagle as to which stock to sell.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

fxuser:
Zenith
- SP above prev weekly and monthly close
- d week and month turned green !
- d expected reward here is at all at all . . sigh

Thanks

This is relieving

Mpeace:
Can you imagine how many people it sent to the village? NSE, sending pple to the village since 1900.

Oando wad sold for more than N150.
Fidelity bank once sold for N15.
Diamond bank once sold for N30.
First Bank once sold for N45.
FCMB(finbank) was sold for N15.
UBA was sold more than N40


NSE THROUGH BAD CORPORATE GOVERNANCE SENDING PEOPLE TO THEIR VILLAGES SINCE 2008.

ZikkyChops:
Is he true 13,000%

Seems you had not joined the market back then. From 68 kobo to N88 Naira. Do the calculation yourself and see.

austinkenneth:


Oando wad sold for more than N150.
Fidelity bank once sold for N15.
Diamond bank once sold for N30.
First Bank once sold for N45.
FCMB(finbank) was sold for N15.
UBA was sold more than N40


NSE SENDING PEOPLE TO THEIR VILLAGES SINCE 2008.

NAHCO went from N5.00 PP Price to >N70 within 2 months after quotation.
With that NAHCO story everyone became glued to the newspapers for news about fresh PPs.

I wish those times could return now given the experience and hindsight I have gathered.

Please how do you sell it yourself?

lolaluv1:


I am currently trying to move shares. I discovered the major part of the problem is the communication gap between the two brokers. So i serve as the middle man asking for updates and new information. That has helped because in Nigeria, you can't just submit a request and go to sleep.

I prefer to sell those shares myself. I cant give any broker any cut when i can do it myself.

Who are those that approved Notore at N62.50? It is a total disservice to the investing public.

austinkenneth:


Oando wad sold for more than N150.
Fidelity bank once sold for N15.
Diamond bank once sold for N30.
First Bank once sold for N45.
FCMB(finbank) was sold for N15.
UBA was sold more than N40


NSE THROUGH BAD CORPORATE GOVERNANCE SENDING PEOPLE TO THEIR VILLAGES SINCE 2008.

rebekah2011:
Who are those that approved Notore at N62.50? It is a total disservice to the investing public.

Why is it a disservice?

remember CAVEAT EMPTOR

There was a reason why Nahco went that HIGH. The shares were sold on the basis of state by state. So investors did not get many shares. I got 550units back then. The monopoly it enjoys also provides good cashflow for any discerning investor. So one can say people buying then were buying the future of the business. However, many years down the line, the company has not been well managed.

Deadlytruth:



NAHCO went from N5.00 PP Price to >N70 within 2 months after quotation.
With that NAHCO story everyone became glued to the newspapers for news about fresh PPs.

I wish those times could return now given the experience and hindsight I have gathered.

Their conscience should not have allowed them. It was act like this that eroded the confidence of the retail investors back then. Not many will believe that Notore is not worth that price because they have come to trust the judgement of the parties to the transaction. Not many are wise to look into the financials. They just buy the news and the forward-looking statements

wanaj0:


Why is it a disservice?

remember CAVEAT EMPTOR

austinkenneth:


Oando wad sold for more than N150.
Fidelity bank once sold for N15.
Diamond bank once sold for N30.
First Bank once sold for N45.
FCMB(finbank) was sold for N15.
UBA was sold more than N40


NSE THROUGH BAD CORPORATE GOVERNANCE SENDING PEOPLE TO THEIR VILLAGES SINCE 2008.

The funny thing is that once they fall they hardly ever rise again.

rebekah2011:
Who are those that approved Notore at N62.50? It is a total disservice to the investing public.

Stock markets are just tools to transfer money from somebody's pocket to other people's pockets.

Some people are going to be phished for phools.

I've learnt my lesson the hard way.

Flour mill at 23. This one fall pass zenith oh. Hope no one here bought from the last rights issue

rebekah2011:
Their conscience should not have allowed them. It was act like this that eroded the confidence of the retail investors back then. Not many will believe that Notore is not worth that price because they have come to trust the judgement of the parties to the transaction. Not many are wise to look into the financials. They just buy the news and the forward-looking statements

It was the GREED of the retail investor!

Notore's financial is there for people to use to determine the 'worth' of Notore to them. It is a willing buyer and willing seller!