veecovee:
reduced my holdings in livestock very early toady, however still have reasonable quantity that I wouldn't sell till it gets to N2 despite how long it takes. I read some weeks ago that uacn will push some Nbillion to livestock from their resent concluded right offers

I think it's a wise decision and that's if not a trader as the current major owners of the company are trusted (no cooking of results/good corporate governance/protects shareholders interest/done it before) and there's real optimism they will deliver again but like one of the team player here always say - Mr Time will tell. Please plan your trade and trade your plan! Shalom!

currentprice:


as someone post last week except you are ready to hold for very long time like pa Emma, Glaxo is overvalued at cp, I think there are more to that special dividend than what we know. based on the audited result, dividend declared is almost equivalent to the fair price of the stock. Soon we might see someone dumping to the biding and the rest will be story

If I have this stock I will just watch and sell before they force me to be long timer but if I don't have I will stay away for now to look for better fish in the mkt

Thanks Bro!

Team Fxuser, please your technical opinion on Glaxosmith?
@Currentprice, a look at your bedsheet once more will be great!
All other opinions negative or positive is welcome - one love!

Coolcash1:


I think Jegede, Milost et al caused the negative report about the deal. From the report, the newspaper company tried to get confirmation of the deal from them but no one was ready to talk. Of course, when there is gap in communication, you give room for speculation and image-damaging conclusions. However, with various beneficiaries of the milost largesse coming out to confirm that the firm is genuine and the various deals as well, this is not sufficient enough to convince the pubic until SEC confirms it.

Though the rebuttal by Jegede has caused a rally in Japaul shares today.... How long this will last, i leave it to mr. Market to answer..

Not suggesting anyone should buy but what if the negative reporting of the newspaper guys (remember this is Naija can't trust anyone) is due some axe to grind with Jegede's Japaul and co due to their very bad behavior since inception - they are now singing PHD syndrome!

Investors in the Nigerian Stock Exchange, NSE, lost N506 billion of their investment this week following price loss in 60 companies
https://trwstockbrokers./2018/03/16/investors-lose-n506-billion-as-prices-of-60-equities-nosedive/

- Kai, the week was really bloody o! hmmm!
- Well, no matter the size of your hair cut just take a deep breadth and calm down/restratigize

In the other news:
Economy:
Crude is back over $61/barrel following the firing of Secretary of State Rex Tillerson. Some assume that will clear the way for President Trump to make good on his promise to withdraw from the Iran nuclear deal, which is theoretically bullish for oil, as sanctions would be reinstituted against the Islamic Republic. Saudi Arabia and others still have enough spare capacity to make up for any deficit.

Crypto - warning:
Following a similar hard-line approach taken by Facebook, Google will ban crypto-related advertising starting in June, including ICOs, wallets, and trading advice across any of its platforms. "We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm," said Scott Spencer, Google's director of sustainable ads.

Can this affect the NSE?
Shares in Asia buckled under pressure overnight despite positive economic data out of China. Industrial output grew 7.2% in January-February, while fixed-asset investment expanded 7.9% and retail sales rose 9.7%. Equities seemed to be nervous over impending U.S. tariffs, which may now target up to $60B worth of goods, as well as punitive measures against intellectual property theft.

- culled from SA

Meanwhile the DOW is bleeding!
So we watch/act carefully for most things that goes up will always come down and may be vice versa.

#Just-thinking-loud:
- Always do DD/invest only on fundamentally sound/dividend paying companies/give time after planting
- Avoid too much greed and take some profit off the table when price goes up

Agbalowomeri:
Most of you are biased in your assessment
Why has everybody jumped a post that called a member stupid?......... and what other vulgar language sef
Let's just focus jare
I am seeing money.......... money.......... and nothing but ................... money

That's not good just like yesterday's shut up and all to one person by different people! Does it tell all something?

For newbies, Investing can be frustrating at times that's why it's advised:
- Do not put all your eggs in one basket
- Cut your coat not according to your size but your cloth.
#PEACE #ONELOVE

mendes911:


Chief,

Am merely reporting live events of activities of NSE. They said I should keep quiet, why?

Scroll through my post, did you see me recommending any stock for either buy/sell. Why would I advice anyone to buy/sell? I expect everyone to be sensible enough to have a plan and trade same plan. That has been the preaching from day.

Some people's trade has turned sour and they felt like trying to insult me will make any difference to me.

For y'all information, I am not susceptible to insults or whatever. It doesn't add neither does it remove 1k from the cash sitting on my portfolio's account. Insults even tickles my fancy and am not gonna reply anybody.

Please, go through all my posts and tell me what I have done wrong. Am willing to listen to you. Mind you, you will see that all my posts are just response to other posts.

Please talk but like veecovee advised, talk a little less, yes just a little less! Again it's only an advise. This forum has been going on very well before now, let's not kill it! #onelove

Mpeace:
If I should put all of my diamond on offer, the total offer would be mire that 40million. I have put almost all my money on earth into diamond, and an not selling until q2 2018 result when I will sell at N9.

Take it easy Bros...it's not a competition remember, "the world is not a field of battle neither is it a bed of roses"....
No vex o, just a piece of advise. #onelove

https://www.youtube.com/watch?v=ZejN5aTL1vc

Please enjoy cool temper.
Always buy SWAN stocks and at good price.
Another opportunity is coming.
You can never win all the time!

Intendy:
stocks with new 52 week lows

sovereign #0.32k

ftn cocoa #0.31k

Africa alliance #0.30k

Thomas wyatt #0.48k

capital oil #0.42k

regency alliance #0.33k

no new 52 week highs

The effect of cash is king ideology?

2zona:
Zenith bank result is fantastic but this market does not give a damn thing about any result with dividend yield lower than 10%, hence their was little or no reaction to Zenith result in terms of share price appreciation. I feel most other stocks will follow the same trend. In fact I feel if market did not react to zeniths good result, then most other stocks will be on full offer upon release of their result cos of low dividend yield.
INFERENCE: Don't take position ahead of release of result instead hold your cash and buy after release of result. I may be wrong anyways....

Looks like the government not releasing any funds owed to contractors/workers not being paid as at when due/minimum wage not enough/foreign reserve locked up tight/politicians in sh**....add that to everyone keeping their funds inside pillow case.....who will bell the cat?
#Just-thinking-aloud
#so-we-wait

Agbalowomeri:


Aboki where you get your data? No be 43 cbn talk?

https://www.vanguardngr.com/2018/03/nigerias-external-reserves-hit-46bn/

Hope some will get to the NSE!

Next will be LIVESTOCK.....kick out the fraudulent guys that been killing it and make profit for investors including traders who actually make the market exciting!

UACN inching up gradually....the effect of good management?

Investnow2017:



Are they into investment or they are just buying and selling What a great hobby

That's "portfolio" aka briefcase investing for you and why some love it....once yawa gas, you pick up your "portfolio" and board the next flight home.

wanaj0:


Why? MOU can break down!

Also it's doubtful if there's anything NSE/SEC can do or investigate until some interested party reports an infringement or violation

fxuser:
FO
- breaking down
- may soon test below N40

Femi needs to wake up as Alhaji/Mike are leaving him far behind! He's into Power and PMS just wondering what went wrong - poor results. @Rabbi, Wanaj0...any ideas or is this another bad Naija management things with still no good result to show? Hmmm...

@Chibuking,
- As someone suggested please report this case to the police immediately if not already done....of-course the bastards holding your kid may try to contact you.
- Keep informing neighbors, the village head, pastors, social media, friends and well wishers

Note: According to some reports most kidnapping in Nigeria are perpetrated mostly by disgruntled family members/close friends/!!

- So your son must be interviewed carefully (he may be traumatized) and encouraged to think deeply/truthfully because with your knowledge sure everyone in this forum is aware of the times and should be passing on to their kids/loved ones the wickedness of these times we live in. Now imagine how @Chibuking's son dropped off by mum at the school gate, an unknown person call's him to go buy whatever for him will leave his little sister to go for such an errand for this unknown person.....friends we must teach these innocent kids whom to trust in these terrible times.

Questions:
- As per age why do you guys drop your kids at the school gate? Is this a one off issue, because of hold up or is this the normal practice
- Do you have serious issues with any of your friends, neighbors or family members/inlaws - especially the greedy and jealous ones?
- How do you blend in your current environment?
- Perform a complete risk assessment (normally done to prevent re-occurrence) of your current location even if it's your village, think and know if now is the time to find peace somewhere else.

- Please this should be taken as learning points for us all as we continue to pray for @Chibuking and his family.
The good Lord who created the heavens and the earth will perform His miracle as always, IJN.

Oh Chibuking...really sorry! We pray for her return to you and the family. Another sad story of terrible things happening in our country!

leo1234:

Maybe I will go for fixed deposit then to avoid temptation of moving more funds into crypto.

Depending on size of investment funds, dividing it in different percentages for - Stocks/FD/Cash/Crypto (some are seriously risk averse so this may be a no-no) call it whatever may be a good idea. Some were taught not to put all their eggs in one basket...not matter how few.

Nigeria's Total Imports in 2017 Drop 8.5% as Exports Rise 59.47%
https://www.businesspost.ng/2018/03/04/nigerias-total-imports-2017-drop-8-5-exports-rise-59-47/[/quote]

Good news as per Q4, 2017, if this can continue, it will be good. Continuity is how developed economies grew to what they are today making workers, investors and the general population happy. However, corruption/one step forward and two steps backward is a recipe for disaster. #hope

onegentleguy:
http://allafrica.com/stories/201803020055.html

Nigeria now world highest importer of petrol !!
...and even the NNPC GMD had to admit as much. ...apparently we are the ones importing for the whole of west Africa.
This country is such a useless entity. ...we are simply just not ready yet !!

Really sorry to say but that's what you get when guys who failed WAEC and those who scored 20% in JAMB to gain admission to the university where they probably got a let-my-people-go are now Judges, government economists, managers, directors etc while those that scored 80% and made first class are either in private sectors or reduced to court clerks/redundant positions in government. You can never give what you don't have! Nigeria is a systemic basket case with a rotten foundation that needs to be torn down and rebuilt else every patch-patch will lead to the same BS! #which-way-nigeria

osayande2012:


most of these companies that came for public offers in 2007 came with window- dressed financial status such as daar comm,union diagnosis,many insurance companies. They deceived unsuspecting public raked in billions which dey used for frivolities now dey cant meet up their promises because the fundamentals werent there in the first place.Those with union diagnostic, daar comm,and some insurance companies etc share certificates are just keeping ordinary papers.They should just move on and forget about d certificates because these company are slidding which will make it very difficult to ever meet up their promises to shareholders as they ve not been able to meet up in d last 10 yrs.I was a victim of these scam.

You are correct bros however in the NSE it may not really be over till the fat lady sings.......see Japaul.....some "mezzanine financing" guys showed up and changed the story. In all despite the current volatility and thanks to 1-kobo rule some dead bones rose making it possible for some to cut the cow tail instead of losing everything.

9free:


Grammar oohh...... I expect Multiverse Resources to announce that they have discovered and mining Gold, Diamond and Uranium in their sites at Osun and Nasarawa states in Q2.

If you believe this you will believe anything....malaria loading. Advise....some malaria drugs will do then go back to sleep bro!
Anyways nothing is impossible - see Japaul. Like play like play the stock is on the move. Odidigboigbo you dey look-am i dey go!

Mpeace:
No let RabbiDoracle hear this one. The guy too fear, he no like invest. He like pillow things too much.

Trust RabbiDoracle, he will respond once he comes back from work...Rabbi please dissect the article before responding because your insights are very helpful.

https://trwstockbrokers./2018/02/25/these-are-they-guys-who-scooped-up-nigerias-2-5-billion-eurobonds/

Confidence in Naija economy growing or just portfolio investors? If yawa gas they pick up their portfolio and jaaaaaaaaaa! Hope the government use these funds well to avoid another type of Paris club exit in the future.

RabbiDoracle:


If prices are elevated and investors don't want to buy, it will continue to fall until an equilibrium is reached. Sometimes it could be exacerbated by herd selling.

Once the low price is reached, you calculate your measure of safety, estimate your possible DY and possible price of a exit and then buy.

Appreciate your insight as usual...Thanks!

RabbiDoracle:


It is done in Anambra where an Ibo business man meets with the chiefs and sets up ranches deep inside the bush. The business man already has contacts with the Fulani business man for constant supply of cows. He employs Fulani herdsmen to help take the cows into the bush for grazing far away from farmlands. The community knows that the cows are assets of the Ibo man and the herdsmen are employees. No crop is eaten, and the villagers are at peace.

That is wonderful Bro...hope it continues being replicated and may be big companies get really involved while government provides safety. This is how a country's economy grows, win-win!

https://www.vanguardngr.com/2018/02/modern-cattle-ranching-begins-ondo/

This is what the country needs now - there's a problem and some people found the solution....jobs, peace, profits etc. will follow with government support. #Hope

Is the bubble coming......fear, pride or greed? Are they monkey hunting? Experts your take....

https://trwstockbrokers./2018/02/24/can-the-nb-price-fall-continue/

RabbiDoracle:


It is run by the French. They are not Nigerians.

Every program the group implements, it cuts across all branches.

My brother some of these oyibos are becoming something else but for fear of their home country (especially the US) government they will be collaborating with some bad naija managers because of weak law enforcement....those who can't keep theirs in the mattress must keep their eyes open o.