gamaliel9:
I paid April salary though they did not work[private day school]...i cannot pay May [no income]but i have not told them...should i tell them now or wait till the end of the month?

It's better u tell them now

meshpips:
Let's go back and observe what happened to NAHCO last week.

Every single day of the week, we first saw price dip only to close each day at 2.44

Every single day of last week had a lower wick.

@rabbidoracle lower wicks are indicative of buying pressure abi?

Just a little while and that stock can take off!

It looks like something that wants to retest the last low of 1.93. With the sector affected by this pandemic, it is much likely it could retest 1.93

But it is a stock to hold for long term.

If there is another low for it, after that it will sprint higher

thesilentone:


Two huge single bids (5.8M, 1.4M) changed hands in today's trading so far. It might be a sign or a trick. I thought #18 was the bottom until last week's trading.

I will say 18 isn't bad. Hold for long term.

gamaliel9:
I paid April salary though they did not work[private day school]...i cannot pay May [no income]but i have not told them...should i tell them now or wait till the end of the month?

In my opinion, the best time to let them know about the financial position of your school was when you paid the April salary. Telling them now is late but informing them by month-end would be too late. Please, if it's possible, kindly pay 50% or less this month then let them know about the situation of things moving forward.

wanaj0:
E ku market ooo.

The most important thing in this era is CARE. So let us CARE for one another. I believe everyone is doing fine. Stay at home except you got no option. Maintain social distance and BOOST your immune system. Most will get infected (just a matter of time). Most will be asymptomatic and will get well without any drug or medication. Conquer the fear.

Next is CASH preservation. The market is irrational. You see a share with almost 20% dividend yield, <3 PE and you are looking at stocks with PE of infinity? I dont think you have CASH preservation in your dictionary.

There will be many job losses. Some will have to take pay cut to remain in jobs. This is a global phenomenon. But do you know what? Some companies are going to BENEFIT from this crisis. Some will supply the vaccines. Some will supply the surgical masks and gloves. Research that instead of monitoring prices every minute and giving yourself high BP.

The patient dog eats the fattest bone.

HAPPY INVESTING.

Welcome back bro.

Congrats BUA Cement shareholders, dividend of N1.75k.


Profit after tax of N60 billion higher than the N35 billion promised by the core Investor

Dividend payout ratio of 97%

OBAGADAFFI:



People who Bought Brent below $20, will shouting blood money.

There are stocks that have done 200 to 400% between mid March 2020 and now in some Emerging markets.

Like Wanaj stated in his message, research and be forward-thinking to position.

gamaliel9:
I paid April salary though they did not work[private day school]...i cannot pay May [no income]but i have not told them...should i tell them now or wait till the end of the month?

Try and pay May o.

Better pay 30 to 50% from your reserve. They need to survive. Or you give an interest free loan for them to survive which will be deducted as they work the subsequent months.

seyisanya:
In my opinion, the best time to let them know about the financial position of your school was when you paid the April salary. Telling them now is late but informing them by month-end would be too late. Please, if it's possible, kindly pay 50% or less this month then let them know about the situation of things moving forward.

He can explain to the workers that he is taking up loans to ensure that his employees don't suffer. But it will be repayable once they start work. But reducing payment is better than not paying at all.

He will do a gradual deduction (spread over some months) from their salaries once they all resume normal operations.

RabbiDoracle:


Try and pay May o.

Better pay 30 to 50% from your reserve. They need to survive. Or you give an interest free loan for them to survive which will be deducted as they work the subsequent months.

Better to be upfront with people. What you have wrote is ideal provided he himself has the liquidity. Dont forget, he will require school fees to pay salaries. With school not in session no school fees.

He should have a meeting with the workers, let them know the challenges (transparency) and together work out a solution.

RabbiDoracle:


Welcome bro.

Thanks our able oracle for passing our greetings across to them!

[quote author=gamaliel9 post=89727505]I paid April salary though they did not work[private day school]...i cannot pay May [no income]but i have not told them...should i tell them now or wait till the end of the month?



Kudos to you. Its not easy, my boss paid those who where able to walk to work. Those entering transport he is still contemplating whether to pay or not!!

wanaj0:


Better to be upfront with people. What you have wrote is ideal provided he himself has the liquidity. Dont forget, he will require school fees to pay salaries. With school not in session no school fees.

He should have a meeting with the workers, let them know the challenges (transparency) and together work out a solution.

Yes. He should have a meeting with his employees.

It is not ideal sir. If he is in Rivers State for example, I will advise him to go and get money anyhow and agree with his employees that it will be paid back in instalments. Because if he is kidnapped by employees that collaborated with bad guys, he must pay to release himself.

This period is dangerous. The employer can pay little to them for survival and tell them as well. But not paying at all could have repercussions.

Schools have huge reserve. Gamalie, I talk lie?

anjilgreat:

Thanks our able oracle for passing our greetings across to them!

Only CP is left. But he will respond with time. He is chopping oil money.

Those who know BBM and Agba should get in touch.


Post-pandemic head count.

Trading in 13 Stocks on NSE Remains Prohibited
https://businesspost.ng/economy/trading-in-13-stocks-on-nse-remains-prohibited/

Buhari Selects Lamido Yuguda as Substantive SEC DG
https://businesspost.ng/jobs/buhari-selects-lamido-yuguda-as-substantive-sec-dg/

Nigeria to Witness Economic Crisis, High Fiscal Deficits—Fitch
https://businesspost.ng/economy/nigeria-to-witness-economic-crisis-high-fiscal-deficit-fitch/

RabbiDoracle:


Yes. He should have a meeting with his employees.

It is not ideal sir. If he is in Rivers State for example, I will advise him to go and get money anyhow and agree with his employees that it will be paid back in instalments. Because if he is kidnapped by employees that collaborated with bad guys, he must pay to release himself.

This period is dangerous. The employer can pay little to them for survival and tell them as well. But not paying at all could have repercussions.

Schools have huge reserve. Gamalie, I talk lie?

That is why I so much like this portfolio investing. Carry my portmanteau of Internet modem, laptop, small foldable chair, jotter, a pen and calculator.

No office, no employee, no headache.

RabbiDoracle:


Only CP is left. But he will respond with time. He is chopping oil money.

Those who know BBM and Agba should get in touch.


Post-pandemic head count.

Thanks sir!

RabbiDoracle:


I sent him a message.

I believe in due time, he will reply.

He too will come.

I have discussed with CP, FXUSER and sir Wanaj today . They are all doing fine.

Migwo!!! oma gare brother
pls help extend my greetings anytime u speak with him.

Mcy56:

That's the rule (as per the last price movement amendment).
Go through this rule and learn one or two things more.

http://www.nse.com.ng/mediacenter/pressreleases/Pages/nse-reviews-rules-on-pricing-methodology.aspx

http://www.nse.com.ng/regulation-site/Dealing%20Members%20Rules/Amendments%20to%20Dealing%20Members%20Rules%20(Part%20XVI)%20-%20Chapter%203%20Trading%20and%20Exchange%20Operations%20-%20Market%20Structure.pdf

The link did not answer the question, true that 100,000 units is required to shift prices officially, but why daily movement is 10% or below? Why not 12% or 15%

megamart247:


Please Fuxer what is the chart saying about UACN and Guiness?

That is the only stone in my beans right now

RabbiDoracle:


There are stocks that have done 200 to 400% between mid March 2020 and now in some Emerging markets.

Like Wanaj stated in his message, research and be forward-thinking to position.

Who knows the best stock is the medical sector

Godlylifeoneart:
Tha sad news of the day.
The retired General has appointed a Malo to head the M. Uduak transformed SEC.
I hope we are not back to square zero.


https://punchng.com/buhari--senate-to-confirm-lamido-yuguda-as-sec-dg/

Kindly explain what you mean by "Malo". We should refrain from using derogatory terms to describe others from ethnicities different from ours as it does no one any good and has led us nowhere as a nation.

ositadima1:


The link did not answer the question, true that 100,000 units is required to shift prices officially, but why daily movement is 10% or below? Why not 12% or 15%

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.nse.com.ng/products-site/equities-site/Documents/The%2520NSE%2520Equity%2520Mkt%2520Structure.pdf&ved=2ahUKEwiWkuq4usDpAhWDAGMBHRT8BMgQFjAAegQIAxAB&usg=AOvVaw3sEvYOS8CKzpUh8NVQSuXH

[quote author=veecovee post=89731316]

Who knows the best stock is the medical sector[/QUOTE

Technically and Fundamentally speaking
FIDSON is no 1 in Nigeria

It is a matter of Time before GSK surrender their entity in Nigeria to FIDSON.

[quote author=Amotekun2020 post=89732551][/quote]

Gracias

OBAGADAFFI:


https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.nse.com.ng/products-site/equities-site/Documents/The%2520NSE%2520Equity%2520Mkt%2520Structure.pdf&ved=2ahUKEwiWkuq4usDpAhWDAGMBHRT8BMgQFjAAegQIAxAB&usg=AOvVaw3sEvYOS8CKzpUh8NVQSuXH

Thank you.

maishai:


Oga calm down, it's irresponsible of management in my own opinion to slash workers salary this period except u r a govt employee.....I have no sympathy for govt staffs

Would you prefer the company stops being a going concern - a situation in which the employees get paid a sum total of zero naira (because bankruptcy), or the company pays 50% while remaining in business and trying to handle the situation as best as it can?

Have you been an entrepreneur for some time?

Stock with new 52 week highs
Npf microfinance Bank #1.94k

RabbiDoracle:


That is why I so much like this portfolio investing. Carry my portmanteau of Internet modem, laptop, small foldable chair, jotter, a pen and calculator.

No office, no employee, no headache.

Utopia

[quote author=Amotekun2020 post=89732551][/quote]

Next year, precisely.

[quote author=Amotekun2020 post=89732551]

Try to quote a post well.
I am even lost in quoting you now.

Nevertheless,if you have fidson,never sell now,it will still go up and form a good support and resistance up there.

That's a good idea sir. I also think, to make it a (win-win),
1. Convert their non working days to their annual paid vacation but must be paid for.
2.if there's no enough cash to pay, let them take half month salary while the remaining be converted to unpaid leave.
3. If the situation still persist, let some of them multi task while others take unpaid vacation but please do not lay off. To have unpaid leave is better than termination.

Lastly, it's a crazy year but communication is key. The way you communicate it to them will determine if there would be pity towards your business or not...there's a way you can tell people to go to hell and they would be looking forward to go with joy. Communicate it right and let them know their job is secured.

RabbiDoracle:


He can explain to the workers that he is taking up loans to ensure that his employees don't suffer. But it will be repayable once they start work. But reducing payment is better than not paying at all.

He will do a gradual deduction (spread over some months) from their salaries once they all resume normal operations.