deepsuk:
Very sorry abt your loss.
But make I warn you that under no cirmumstance should u listen to these financial criminals here giving you advise to hold on.
Agen go and dump the maga Monday morning that fat elephant will go to 5 Naira soon. Comot from that.
First bank Dey dead even sterling Dey show dem pepe inside witin dem call bank wars.
Buy something else ride the Aiico scam if u like to recover d loss of fat elephant but all these yeye insurance stocks go chuk u day so better u don’t -‘d wait for D elephant to reach 5 and then enter am again.
Wetin b d current price

Deadlytruth:
From the name alone - Agba (Senior) lowo (portfolio size) .....

Godlylifeoneart:


Agbalowomeri literally means the one who reaps where he never sew
Lobata

Deadlytruth:
Tehehehehehe.....
Lecturer for NSEMPA different from lecturer for school o. If heavy portfolio owners like CP and others be your students, then why we go dey doubt the depth of your pocket? Or you don ever hear say people wey dem dey teach how to catch fish come suddenly get fish pass who dey teach them?

Godlylifeoneart:
Agbalowomeri literally means the one who reaps where he never sew
Lobata

Mcy56:


He never show me the way o, na crumbles I still dey eat from the master's table, na junior class I dey.
.... I don replace mcy with the right moniker that should be there.

Deadlytruth:

Chai! Him wicked o! Upon all the school fees you don pay am? You sure say that no be wetin make you vex report am to the mods so tey him chop ban?

Agbalowomeri:


It's all about efficiency, have held Guaranty for 10 years though but it was only the bonuses that made it worth the while. Now, I wouldn't

Ugosample:
Why are you "joking" sir
we no get kidnappers here na
we are our oga's keeper here

moneywoman74:


Me too, I have held Guaranty but will sell some by next as i will like to be doing 50% trading and 50% investing.

Mpeace:
Why you dey disturb gurus with this type kweshion wey Newbies like me fit ansa.
FCMB EPs as at q2 is 0.29

mendes911:


EPS that will stay or the one that will vanish by YE?

Mpeace:
FCMB dey try. Them no dey too do wuru wuru like diamond. Diamond eps usually starts falling in q3.

Mpeace:
FCMB dey try. Them no dey too do wuru wuru like diamond. Diamond eps usually starts falling in q3.

Deadlytruth:


In my own opinion, you need to sell and avoid further losses which are obviously inherent in FO, then look for a more promising one and buy with the proceeds. No quoted company on NSE is worth falling in love with and residing in more than six months. It is not marriage where it is for better for worse as long as it is not your father's company. Not even the so called bluest chips are exempted.
They can do to you what FO has just done. From my own experience, long terming in Nigeria is dangerous and could be counterproductive especially to low portfolio size owners like some of us. You can wake up one day and begin to hear stories that touch concerning your company and bailing out becomes almost impossible.

The intersting feature of the stock market is that when one door is closed, another one is open right then but just the ability to recognize it.
It is not actually difficult to recoup your losses if you sell and buy into another company which is healthy but trading below its fair value.
The stock market is like politics where there aren't permanent friend or enemy companies but permanent interest of dividends and capital appreciation. Once a company your are in no longer holds the capacity to deliver your interest you defect to another which holds out such prospect.

Many investors have been sent to their villages permanently as a consequence of this hold tight syndrome. So Beware.

mendes911:


Chief, EPS that never gets to shareholders, that one follow for EPS.

DBN, Fidelity and FCMB are birds of the same feather as far as EPS/Dividend is concerned.

fxuser:


my brother . . we hv all been here before.

- You need to let it go (also emotionally )
- be at peace and accept dat it was a bad trade, it cud hv been a good trade also
- Every loss is just an experience on your way to been better
- Improve on cutting losses short without hesitation (takes time to get this)
- Think in probabilities always (read Mark douglas, soak it , digest it)
- Accept that every trade has a random outcome
- Review d trade , learn from it well , improve risk mgt, u'll make it all back and more .

this is nt popular cos it's not easy, some will say keep it forever or till next yr or forget about it till it break even or keep it as a ''long term investment '' hehehe ..

tis well

Thank you so very much sir Fxuser and it's sister sir hehehe.

Bezzle:

Thank you so very much sir. I'm super grateful. Many thanks to everyone who took time to answer my question.

sellydion:


See comrade, in this market you need to get a system, and practicalize the system some use back testing to be successful.

Read books on technical and fundamental and choose your approach. People telling you sell are right those telling hold are also right.

You are the one to make your choice based on books you have read , your rigorous thinking and your experience in the market.

I belong to the school of thought of Warren Buffet( Fundamental) having done my own analysis , rigorous thinking and read good books

You have actually miss the boat on FO the fundamental are not right again, you supposed to have sold long time ago.

So the best is to sell.And move on.

I differ greatly to the school of thought of sell on Stop Loss. I have been there. My brother I know not a small thing on technical analysis,

However there are systems to manage your stop loss instead of killing your money while the [b]GOOD [/b]company is still alive and well. Mind the

word in bold. Fundamentalist only cut losses when the edges are going, and they usually bought at GRAVE ROBBER PRICES. Undervalue that is the

why I always ask our resource person ( CP)

When stock Market are moving together in one direction. If you sell in one and put your money in another. Same scenario will still play out. exceptions are very few like AIICO untill the market bottom out.

Many are trading movement of stock price using ( stop loss )while we trade underline securities based on the company edges. Different approaches.

Stop loss only apply at the sign of danger to the security underline edge which permanently may affect the price no more. Fundamentalist stop profit and in few cases lose at the changes of edges. Most time if you do it right in buying with good marging of safety you should come out on top. Think about it. However some can not put emotion at bay they must sell because one bank director slap another Director?

Friend it is well.

Deadlytruth:


And using that literal meaning as background premise, we can deduce the figurative thus real meaning as "a grave robber". And you know grave robbery in the stock market is the shortest cut to heavy portfolio.

tritritri:



Why the change of strategy? but buffet said dat the best .

mendes911:


Chief, EPS that never gets to shareholders, that one follow for EPS.

DBN, Fidelity and FCMB are birds of the same feather as far as EPS/Dividend is concerned.

Godlylifeoneart:
I woke up early today, reflecting on our once beloved nation, the book writers giant of Africa in corruption, mismanagement, favoritism and nepotism, the new capital of poverty in the world home to many corrupt multi billionaires in $
A nation that does not protect minority investors,
A country where your losses at the capital market is meaningless to the government.
Can we ever get it right again in this country?
A nation where budgeting does not means execution or completion,A nation where pronunciation is not an action, A nation where optimists are actually pessimists in reality.
Suddenly, Nigeria overthrew Indian as the headquarter of poverty in the world under the lifeless president (Trump analogy)
What would happen should Buhari rules for another 4 yrs? The bubble will burst, our investment will go down the drain of history.
What will happen should pdp take over the governance of Nigeria... Your guess is as good as mine... Back to square zero.
We do not deserve the Atiku the kwankwaso, the tambuwa, the Saraki of this world.
What many analysts do not understand is that it is not just the bear that is wiping away our investment in NSE, the danger we do not see has been sighted by the foreign raiders (investors)
If GT bank one the best manage institution in the world is being exited at the speed of light by foreign raiders then there is a hand writing on the wall which many minority investors have failed to acknowledged.
GT bank is an anti bear, GT bank symbolizes the hope of NSE, once foreign raiders interest declined in GT then we are all in trouble.
My view to right the hardship being faced by minority investors is for us to call on the insensitive politicians that are ruining Nigeria to pass a bill or an executive order for an establishment of portfolio protection insurance at a reasonable price.... Maybe 0.005% per portfolio, reduction of brokerage fee from 1.35% to 0.5%
The brokers in Nigeria do nothing and earn like Agbalowomeri... In order word they are gold diggers.
May God rescue us from the fear of the unknown. Amen

Godlylifeoneart:
I woke up early today, reflecting on our once beloved nation, the book writers giant of Africa in corruption, mismanagement, favoritism and nepotism, the new capital of poverty in the world home to many corrupt multi billionaires in $
A nation that does not protect minority investors,
A country where your losses at the capital market is meaningless to the government.
Can we ever get it right again in this country?
A nation where budgeting does not means execution or completion,A nation where pronunciation is not an action, A nation where optimists are actually pessimists in reality.
Suddenly, Nigeria overthrew Indian as the headquarter of poverty in the world under the lifeless president (Trump analogy)
What would happen should Buhari rules for another 4 yrs? The bubble will burst, our investment will go down the drain of history.
What will happen should pdp take over the governance of Nigeria... Your guess is as good as mine... Back to square zero.
We do not deserve the Atiku the kwankwaso, the tambuwa, the Saraki of this world.
What many analysts do not understand is that it is not just the bear that is wiping away our investment in NSE, the danger we do not see has been sighted by the foreign raiders (investors)
If GT bank one the best manage institution in the world is being exited at the speed of light by foreign raiders then there is a hand writing on the wall which many minority investors have failed to acknowledged.
GT bank is an anti bear, GT bank symbolizes the hope of NSE, once foreign raiders interest declined in GT then we are all in trouble.
My view to right the hardship being faced by minority investors is for us to call on the insensitive politicians that are ruining Nigeria to pass a bill or an executive order for an establishment of portfolio protection insurance at a reasonable price.... Maybe 0.005% per portfolio, reduction of brokerage fee from 1.35% to 0.5%
The brokers in Nigeria do nothing and earn like Agbalowomeri... In order word they are gold diggers.
May God rescue us from the fear of the unknown. Amen

Godlylifeoneart:
I woke up early today, reflecting on our once beloved nation, the book writers giant of Africa in corruption, mismanagement, favoritism and nepotism, the new capital of poverty in the world home to many corrupt multi billionaires in $
A nation that does not protect minority investors,
A country where your losses at the capital market is meaningless to the government.
Can we ever get it right again in this country?
A nation where budgeting does not means execution or completion,A nation where pronunciation is not an action, A nation where optimists are actually pessimists in reality.
Suddenly, Nigeria overthrew Indian as the headquarter of poverty in the world under the lifeless president (Trump analogy)
What would happen should Buhari rules for another 4 yrs? The bubble will burst, our investment will go down the drain of history.
What will happen should pdp take over the governance of Nigeria... Your guess is as good as mine... Back to square zero.
We do not deserve the Atiku the kwankwaso, the tambuwa, the Saraki of this world.
What many analysts do not understand is that it is not just the bear that is wiping away our investment in NSE, the danger we do not see has been sighted by the foreign raiders (investors)
If GT bank one the best manage institution in the world is being exited at the speed of light by foreign raiders then there is a hand writing on the wall which many minority investors have failed to acknowledged.
GT bank is an anti bear, GT bank symbolizes the hope of NSE, once foreign raiders interest declined in GT then we are all in trouble.
My view to right the hardship being faced by minority investors is for us to call on the insensitive politicians that are ruining Nigeria to pass a bill or an executive order for an establishment of portfolio protection insurance at a reasonable price.... Maybe 0.005% per portfolio, reduction of brokerage fee from 1.35% to 0.5%
The brokers in Nigeria do nothing and earn like Agbalowomeri... In order word they are gold diggers.
May God rescue us from the fear of the unknown. Amen

Dupeodus:
My post here is to launch a protest about what I consider a daylight robbery of retail investors of AIICO by AIICO's Management. AIICO announced that it will be doing a private placement of 4.4 billion shares to an undisclosed investor by private placement at N1.20 per shares and is planning an extra ordinary shareholders meeting to seek shareholders approval. Please do not be carried away by this proposed price of N1.20 compared to the market price. This is because I believe that AIICO's management has been manipulating its financial statement in the last 3 years to suppress the market price of AIICO's shares in anticipation of this private placement. First, the book value of the equity of AIICO as at 31-DEC-2017 works at about N1.58 per share. More importantly though is the fact that AIICO has about N12 billion hidden assets in the undervaluation of Federal Government bonds it holds as at that date. This N12 billion was shown as a negative reserve of the AFS assets in the equity section. Think about it. This is FGN bonds which is raw liquidity. Let me explain how I came about this.

In the 2016 financials, AIICO marked down the value of its treasury bills holding by about that N12 billion naira because they claimed interest rates increased and the face value of the FGN bonds has to be discounted. They disclosed the list of FGN holdings and over 90% of them by value were at about 12.15%. I can only guess that they used a prevailing 16% or thereabout interest rates for discounting because the list of many FGN bonds in the 2017 Financial statement was at 16% - 17%. This was fair enough as in that same year, the value of liabilities for life insurance and annuities were marked down for the same reason.

However, in the 2017 financial statement, the value of of liabilities for life insurance and annuities were now marked up by about N11 billion naira depressing the profit for the year. According to the Chairman's statement, this was because interest rates reduced by 12.9%. I believe this was a mistake in that he meant interest rates reduced to 12.9 percent which is used to measure the liabilities for life and annuity contracts. You will expect the same 12.9% to be used to measure the carrying values of the FGN bonds which should wipe off the N12 billion negative AFS reserves and show that the FGN bonds are being carried at cost. Alas, the N12 billion negative equities are still in the books. As I said earlier, as at 31-DEC-2017, about 80% by value of the FGN Bond holdings of AIICO were at 12.15% while the rest were at greater than 16%. At prevailing interest rates of 12.9% according to the Chairman's statements, these bonds should be carried at cost at least because the positive margin of about 3% on the 20% of bonds carried at 16% should be enough to offset the negative margin of 0.75% on the majority of the bonds. Therefore, instead of the value of N71.5 billion at which the Available for sale assets are carried in the books, it should have been at about N83.5 billion. Consequently, shareholders funds should have been at about N22.5 billion or about N3.25 per share instead of the N10.5 billion or N1.58 per share shown in the books.

The sole purpose of this private placement is for the management of AIICO to grab the company at the expense of retail shareholders. This is a very highly capitalized company with super liquidity. The company has about N83.5 billion FGN bonds at face value and N5 billion of Cash and Cash Equivalents to service N70 billions of Insurance and Investments contract liabilities. AIICO does not need the proceeds of this private placement.

I plan to write a letter of protest to both NAICOM and the SEC on this issue. If you can, please join this fight.

baoto:


My dear, surviving stockbroking houses have been on proprietary trading, not necessarily on brokerage fees. The minimum operating standards have improved efficiency in the industry, but also balloon expenses for these houses in the faces of market cycles. Large transaction tickets do not just occurred regularly because of market depth and shareholders structures... If you set up one today, within 6 years you must have hired about 7 MDs given your current dispositions!!!

Godlylifeoneart:
In oxymoron... Agbalowomeri is a gold digger.... The gold digger of NSE