₦airaland Forum

Mpeace:
So after weeks on full bid and movement to N100, UACN started the backwards movement and is now at 74. Over 25% fall.

A new bottom will be good for new entry.

synoble:
Yeah truly...kindly recommend.

Morgan capital seem to be popular...can we use their app on a mobile device?

MorganCapital does not have a mobile app but its won;t take long before you know how to navigate it on small screens.

synoble:
God it's taking ages to place a simple buy order on Bamboo....up to 15 mins now...

Is this the way it's always been, for old users?

You need to find a direct broker.

Tolu2024:
So other assets management are experiencing this too?

YES

Tolu2024:
The way Cowrywise is falling this days are we safe ?
Start from 22.24% up to 22.32 now it’s down to 22.06.

If this get below 21% am cashing out

It's the market.

ojeysky:
Cash is king really. The main deal is in making huge investment in very few stocks. With starting capital of 30m, LOCO's 10m units of champion @3naira has made him 100m and now he plans to triple that with C&I. He will sure retire early.

30m turn to 300m. Just 1 zero makes the difference!

Happy retirement in advance chairman

People like him don't retire. They just change strategy. He might move to into another asset class for passive income.

Firebox123:
check their reviews before investing on their app

I use them for mainly for tbills and co

Firebox123:
afrinvest are scam

Really?

bassdow:
one can't always tell which provider has highest rate at any given time.

Today might be Stanbic, tomorrow could be fbnQuest, next might be ARM, could even be Norrenberger. You really can't tell hence why I suggest using multiple providers.

Also helps one have a sense of security so should anything ugly happen, at least you don't have all your eggs in one basket

At least, maintain 2 managers. 3 is reasonable too.

IchKampf:
Hello everyone,

I’ve been trying to make a partial redemption from my GT Money Market Fund (MMF) but haven’t been successful. Here’s what I’ve done so far:

April 16th (Wednesday): Emailed infoteam@gtfundmanagers.com requesting the redemption procedure. No response.

April 18th (Friday): Sent a follow-up email and copied onyeka.chukwusa@gtfundmanagers.com, asking for a redemption form (based on info I found online). Still no reply.

At this point, I’m considering calling them out on social media and reporting the issue to SEC and other regulatory bodies

Has anyone else experienced such delays with GT Fund Managers? Any advice on how to resolve this faster?

Thanks in advance!

It is becoming their way. Very disappointing.

KarlTom:
Yesterday, you had 150k



Today you have 5million...

5M will draw more attention.

kay29000:
Nope, not lagos-ibadan. I drove through the road this morning, and it is fantastic...it's in the best state I have ever seen the road since I can remember. They're talking about the Iwo road to Ojoo road in Ibadan. It is a federal road in Ibadan.

A little correction. The Lagos_IB express starts from Third Mainland Bridge and ends at Ojoo, Ibadan only that most people are famiiar with Berger to to the Ibadan toll gate part.

armadeo:
As of Oct last year I believed by now eth should be 5k but here we are.

Still I have no choice

ETH no dey send market o. if you want better altcoin, target SOL and BNB. Maybe INJ.

RealLordZeus:
I've been using deepseek for like 3 days straight now and I'm feeling it..
It's similar to the experience of paid GPT
Planning to dump Cody for deepseek on VS soon

But just concerned about the data mining part as echoed by Western intelligence

What makes you think the Western Intelligence isn't mining our data?

Talking about asset, these pix is one of their PR team's most treasured asset at this time.

Dont spread it too thing. 3 picks or 5 at max is all you can do with that 2.5M.

bastardson:
Thanks a lot .. Is Dangote still a good buy, looks stagnant for a while.

If you are to distribute 2.5m amongst them.. What would you suggest. I am sorry for my plenty questions

You win some, you lose some.

Pesuzok:
I remembered when I had this stock at 16 naira and couldn't wait to sell at 20 naira . It seems people that make money in stock investing are those that do not sell their stocks. I am new to investing, but I saw the mtn at 97, fbn, acc, uba at 4 - 5 naira, DS at 11.

KingKO22:
Celebrating commissioners quarters in Anambra in 2024?

A gargantuan waste of states limited resources. The cost of maintaining those apartments in the coming months will be more than the cost of building them.

megawealth01:
Today's Top volumes trades

Top of the morning to all my paddies

Please, which app or platform is this?

jedisco:
Hehe... thats not income/taxable revenue. HMRC isnt bothered abt it.

But the risk folks take sef. Tomorrow, stories would arise.

Why not put that same 2k monthly in an ISA (cash or stocks) and get interest or growth on it which is interest free? If you're worried about dipping in, a fixed term cash ISA would help.

For early takers, ajo/esusu/contribution provides a soft loan.

ositadima1:
I agree with you that the share price may drop later in the year, especially if better investment alternatives become available. An 8% dividend yield (2/23.9) may not be enough of an incentive for some investors.

Regarding whether 2 naira is possible, if we check UCAP's 2022 income statement, it lost 6 billion in credit losses, compared to just 450 million in 2021. I doubt the losses will be as high in 2023, and I feel 2023 was a better year overall than 2022.

So a share price of 2 naira or even higher seems possible.

Still, 2 naira would bring the dividend yield to 77%, which is well below the 128% from fixed income. Maybe that "person" will consider selling half their shares, as you suggested.

What?!

Agbalowomeri:
Bear will come
You could still get UCAP at half price

We'd be back. At least when the pull back dips enough to staggered entry.

emmanuelewumi:
You rebalance your portfolio, the market can't continue to rise forever, a sound stock delivery good financial performance can be stagnant for years or might even depreciate.


Some Personal Finance experts believe we should subtract our age from 120 whatever we get is what we should have in equities. Eg a 30 years investor will have 90% in equities while a 70 years investor will have 50% in equities.

We should be able to strike a balance between safety and hope.

I will advise the guy to sell some of his UCAP shares probably about half because there is a high probability that UCAP will drop to N20 and below after dividend declaration. Doubt if the company can pay a dividend of N2.00, it paid N1.50k last year


My opinion though

I've always valued your opinion and this was in line with my decision. May we see more wise elders like you in this market.

ositadima1:
You bought a stock like UCAP 4 years ago. Last year it returned 57.6% in dividends. The stock kept moving up. Now you look at its current value and see that if you liquidate now and invest in government bonds at 14 to 13%, you stand to get about 128% annually(on initial stock investment).

You want to do it, but you consider that 13% is fixed and once you are invested, neither your capital nor dividends will appreciate (or fall). However, the dividends have no ceiling and if the stock has moved this far, it would likely outperform the fixed returns over time.

You also realize that you may never be able to buy that stock at that initial price again. What would you do?

CC Pa Emma, Mcy56, Agba

Was in this dilemna earlier last week. I averaged UCAP below #3. Enjoyed the did year in year out. With the current capital appreciation, I was torn between your options above.

My decision. I split my holdings. Took some money off the market and expanded my business offline.

(I am 2006-2008 market crash survivor).

currentprice:
BULL Sweet sha. I smile when I over heard wife on phone planning to change dad car without asking me for support.

wonder what "Mercy" will be doing

Mercy is on another level.

Choiceguy:
To me Oando will still trade below #11.
When chief Agba was telling us some of us here were busy doubtin.maybe they think stock market use to come down like cypto.it takes style to come down.

Price goes up again when good dividends are declared not coming down when dividends are declared

The major thing safeguarding the NGX is the 10% rule. If it's left to some players, pump and dump will follow like US penny sticks and crypt0.

Righthussle:
PDP still dey Nigeria?

He reach to ask o.

Xosh:
Who let her in,in the first place?was she clad in hijabu?

Looks like she missed road.

fergie001:
https://m.facebook.com/story.php?story_fbid=pfbid0xfNrd5PwgxY46KuaQ1t3krk3xXBGMxNZzqQ2QsGv4S8PLrBMNjYpq7h1MhcPMC64l&id=100068850777180&mibextid=2JQ9oc

Nigerian politician.

wanaj0:
If I make 32m from Gambling why will I not use the 32m to gamble again?

Those saying he should have bought dividend paying stocks, did he make 32m by buying dividend paying stocks?

Someone that bought JaPaul GOLD should be ready to LOSE all his money.

Anyway, 32m school fees is not too much to pay for education.

I am sure he will make another 32m soon!

When I saw Japaul Gold on his list. I skipped.

adubam:
I'm sure of 68cband. Then the other cband that deeperlife and mfm use for life coverage. You can also use it comfortably for about 8 Ku band

Do you install? What are the top channels or birds to track there?

adubam:
Sure. Core North and Lokoja you may even get Nilesat 7w, 68e C-band including sony packages.

What's the incentive for a 1.8m or above in Abuja