OakPearl: Well, after waiting endlessly for ZM to come below $100, I bought at $120 and already in $300 profit.
Your point on the free subscription period is a reasonable thought, but on the other hand, the mere future announcement of a few million more subscribers because of this strategy could see their share price soar on in response as well.
Please, is it worth it buying one (1) unit of some foreign stocks?
nna777: This is part of a post I wrote earlier this week. Africa has now over 1000+ cases in 50+ nations most of which are imported ( nationals returning to their countries from Europe and America). If the cases keep increasing and deaths start occurring, we can now say it's pandemic
For Nigeria we have a total of 22 cases with no recorded death yet. This coming week will determine the direction of our market. the shutdown has already started with schools and churches. when you start hearing lock down (businesses and social distancing), then it has become pandemic in Nigeria.
There are 4 scenarios that might likely play out
a. If there is any increase BTW today and Monday morning, then market will react.
b. If there is any record of death, market will convulse.
c. If the cases keep increasing with no death, there will be serious panic sell.
d. If the cases keep increasing with recorded death, my people, that is when market will scatter and the phrase "To your tents O NSEMPARS" will be activated.
All in all, let's keep our eyes and ears open.
I have resumed a 4 weeks investment quarantine. However, I'd be coming to the market for household consumables that hits a good buy junction.
onegentleguy: So... (covid-19 & oil price strain)... and I found out that the other antifragile coys(aside CAVERTON) are DANGOTE SUGAR, UACN, FLOURMILLS, MTN, PZ, GSK, NEIMETH, OKOMU OIL and PRESCO.(the 1st 6, particularly the 1st(DS) are superb)
While the likes of WAPCO, CAP, ZENITH, GTB, UBA, FCMB, FIDELITY, CADBURY, BETAGLASS and NB PLC...
For coys that would likely be losers(the worst hit), ALL OIL & GAS COYS(particularly TOTAL and OANDO), NACHO, SKYAVN, TRANSCORP HOTEL, TRANSCORP, VITAFOAM and UNILEVER. ...albeit with the least degree of impact on the last 2 coys.
... as any sought of recommendation. ...the need for due diligence should still take higher precedence ahead of this post.
My advise: Pls kindly follow ur instinct.
Thanks for sharing you detailed analysis on the list. However, some companies are in the wrong mix e.g. CAVERTON. It services the Nigerian oil and gas industry and bristow is the leader in that area. What's my point, caverton is solid (I hold stakes) but it is exposed to the effect of the oil &gas cycle.
NB? Many bars will be shut for the time being. Sales will drop. Currently, the company is on a shaky leg.
Back to caverton, nahco & skyavn, they'd feel the current scourge, their prices will drop. If they survive it, they'd flourish when activities resume. I'd consider holding them for mid term.
My take on it. Investors should do their due diligence.
According to the cleric, Donald Trump Went To Saudi Arabia, Saw People Praying And Didn't Like It. That Is Why He Released A Virus Called Coronavirus. This is what he told His Audience/Listeners In Northern Nigeria.
Enyinne: My people I need assistance . I hv been following and reading , I just opened acct with Morgan and I can’t seem to login in even though I hv paid and I want to chop from this zenith deals , any direct contact to assist me. Please help a sister
You can't use Morgan until you deposit is acknowledged. Fire them emails or any contact in your account opening notification they sent to you.
Godisfaithful: This is a wonderful time for wealth transfer. I remember the ride from $550 to $20k. History must repeat itself...By force by fire, money must be made
Didn't pullout early, now it's below my last entry.