₦airaland Forum

Wahala everywhere...will it get to NSE? This is why sometimes long term outlook and MMF help some SWAN!

Another take on bitcoin - from seeking alpha:

Amid fears of running up huge losses, Lloyds is barring its credit card customers from buying bitcoin and other cryptocurrencies. It follows similar moves by U.S. rivals JPMorgan, Bank of America and Citigroup, which all announced similar bans on crypto purchases via credit cards on Friday. Worries over a global regulatory clampdown led bitcoin - which is still trading below $8,000 - last week to record its biggest weekly loss since December 2013.

@ Currentprice, Bros please what's your "bedsheet/system" fair price for UACN? Also what's your take on the stock - sell, buy or hold? Cheers

DaV8King:
I repeat, why are this bunch of crooks still free men?

He who must come to equity.....the clean hands in Naija is growing less and less by the day! Everyone is becoming birds of the same feather. If a judge takes bribe from an accused and sees the same person in his court the next day accused of giving bribe what to do? When will all these stop? Your guess is as good as mine!!

RabbiDoracle:
Dow is plunging.

Una don hear weeen

No be small thing o! Blood on the street!!

rebekah2011:
But Carlyle Group has been in Diamond bank since and I cannot see any difference. Nigerian Managers have found a way to pollute their foreign partners. That is even if the foreign guys are not crooks themselves.

When there's no rule of law, you will see the bad side of people - no matter where they come from! The only deterrent to fraud and stealing of shareholders funds is when you have a truly independent press and an empowered institution that does their job without fear and interference from government. Do we have such institutions in Nigeria? Crooks will always setup office where they know they can get away with whatever they do and most Nigerian corporate managers are aggressively greedy/selfish they don't care about retail investors/shareholders. We are just fishing with greedy sharks hence must always be watchful!

emmanuelewumi:
Thermis capital management and Stanbic nominees limited now own 8% each in UACN. Blakeney GP 111 limited also owns 6% in the company..

Thermis capital management is a foreign investor, I don't know if they are Portfolio investors or long term investors in the company.

Not surprised that Stanbic is there - I hope they are able to shake things up - UACN/LIVESTOCK!

THE Nigeria Football Federation, NFF, President, Mr. Amaju Pinnick, recently showed what it means to be one’s brother’s keeper.

Read more at: https://www.vanguardngr.com/2018/02/kudos-rehabilitation-efforts-wilson-oruma/

Please be careful on what and whom you invest with....Africa especially Naija lacks almost everything a modern society need to prosper especially rule of law. #verypathetic

All what some companies in Nigeria need is good corporate governance and dedicated team to perform very well.
When a good management team joins the board all the fraudulent people begins to shake and do the right things hence the company will start doing well.
The guilty are always afraid of losing their jobs hence they will work times two to ensure they are not fired when a good manager shows up.
Bad management kills a good company...study what Oando, Japaul, Daarcomm etc does and you will see these companies are supposed to very well if not for bad management/board.

#Justpassing

Theonlycoolmonk:
I wanted to keep it like forever but the gain is to tempting. I am like I should sell it and wait maybe in the future it might come down to the price I bought at then I can buy again. Looking at the way things are I am not sure if it will come down that low any time soon. I may be wrong just my opinion.

When it's time, take some profit especially if you need the funds for something good.
It helps to avoid any regrets while whatever is left will continue the game - up or down.
Mostly good for dividend stocks/watchful long term investor - as you get paid your dividend while you wait on more capital appreciation.
Do your DD please!

Too bad working with Brokers that don't allow online trading...you ask them to sell it takes long time!!!
Anyways now we know better, thanks to Brokers with online platform.
It's good bye Janet (Rabbi I hail o) to analog brokers - gradually exiting ans off we go - forget all these past mistakes.

LIVESTOCK gradually inching.....don't joke with Stanbic IBTC those guys see far they bought @ 1naira. Apply your DD please!

Dreamflyin:
Good day house.
Please I need help to a few questions.
I do more of TBills, and about to divest to Stocks and MMF.
My risk appetite is a bit low since this fund is a family money which I had ran for 3years at minimum of 12% per annum.
Could holding good stocks for a few months give a 20% profit?
My target is keeping it at 20% per annum.
Is stocks the best for me, or MMFs?

Please keep doing what you are doing.
You can also do MMF - low returns/No loss - call it getting rich slowly, also funds in MMF should just be left alone to compound.
Keep following this forum you will learn a lot before venturing into stocks.
Good luck!

9free:
My Boss, Immediately I saw the drop from 14.65 to 14.10 coupled with ND Avengers threat article wey Oracle post, I had to sacrifice the remaining N2 for another day/time.
Dem Oracle people talk say "one bird wey dey hand plenty pass many wey dey for air/bush"

https://www.vanguardngr.com/2018/01/niger-delta-militants-list-key-oil-assets-targeted-destruction/

Too many wahala that can affect the market keeps showing up every day!

I hope they don't frighten the FPIs as well.
This Naija dey tire person one step forward two steps backward....imagine another quit notice talk!!!

DeRuggedProf:
Some stocks pay dividend, the buyers take cover immediately until the stock drops by more than twice the DY.....
Dividend magic....

See what UCAP did last year.
I was deeply trapped!

True talk!

OBAGADAFFI:
Conoil is so so illiquid .

If you are trapped, just start prayer and fasting.

Better to keep-off stocks that cowboys are the majority shareholders....except you are expert on jijo!

https://trwstockbrokers./2018/01/22/six-firms-face-compulsory-delisting-for-poor-governance/

The companies include Aso Savings & Loans Plc; African Paints (Nigeria) Plc; Deap Capital Management Plc; Afrik Pharmaceuticals Plc; Evans Medical Plc and Union Homes Savings & Loans Plc.

AVECDEO:
Abeg tell/warn am.....oga park well make we see front.

Which kind detrimental advice be that!

I don't believe LIVESTOCK is for jijo guys but with Stanbic IBTC now heavily involved in the company sure there will be a lot of changes to happen. I say this because it happened in PRESCO. Do your DD o me self just dey learn

Toluway:
Are you among the faint-hearted? Something that will tarry till April

If you follow this thread without wisdom.....

emmanuelewumi:
The market was bullish from 1984 to 1996.

The Base year of the ASI was 1984.

The ASI moved from 105 in 1984 , to 6992 in 1996.

Baba ke....who wan try you? We are all improving daily, reading and following you guys foot steps. Slow and steady will always win. I salute all members of this forum!

mendes911:
Funny... CP, I go blow you head knock!

You know that some stock do pari passu in terms of price increase/decrease. I believe UBA/ACCESS are currently playing same.

Just the same way we had Fidelity/FCMB/Diamond playing their catch up game.

The thing about Access Bank is that if "that" seller had held back his/her/their shares for just 2/3 trading days, the shares will be sold at an additional N3.... But seriously needs to offload immediately and never gets done with it.

Remember how Diamond Bank shares were offloaded last year. They couldn't get a cross deal partner, they proceeded to float the shares at N1.00 and everything was done within a matter of days. And there was no bull then.

Maybe part of what has made it difficult for Access Bank is the fact that no institutional investor with deep pockets is looking their way. I hope there will be fresh news soon that will attract them.

Meanwhile we keep watching the stock for another round of cico.

He may have borrowed the funds with the lenders knocking on his door......knock, knock, who is there? #Irejecttoomuchgreed

bestidafa:
Am.telling u. I tried buying too. Even wemabank, skyebank and diamondbnk. Couldn't buy any

Already recovered my losses this year from WEMA...averaged down big time last year...waiting quietly to turn paper profit to real cash and move on never to look back for a long time. Does the market forgive some times? Na wa.

currentprice:
or below so that we have our own right+original buy

Watching and praying! One of the best investments I made long time ago, this @17 then + FBNH/UBA. #Edited

fxuser:
- some nice consolidation here
- SP is finding support at N16 level
- ''IF'' support holds , we may see opportunity open for new entries and we can put stop loss below N16
- ''IF '' it holds , lets see hw d week close

Good man, please keep it up at least to make this forum not derail...becoming confusing lately. People invest wisely! One love

If not sure just follow the trend and jump out when others do...a small gain is better than a small loss!

As the OcToPuS will say especially for newbies, please no matter what you read or the Bull you see/hear where ever only invest the amount of money you can afford to loose in the NSE....for it's sweet but can also be really bitter. Buy only good stocks with good dividend paying history - especially now. Some who are traders invest all they have to make the kill while others who are investors buy in very small batches.

Investnow2017:
Who knows the next phase of the WILD BULLS might resurrect the following dry bones:

FTNCocoa
Champion
Meyer
Courtille
Daarcom
Insurance (Most)
ABC

All it will take is just for one Market Mover to bid huge volumes at .51k buy it himself, push it further while smart MMM guys join the bandwagon!!! The rest will be history

While the real stocks remain stagnant because more money is going scavenging When sanity sets in, all the no less than 75% of the war booty will come hunting for the REAL stocks. That is often how it plays out. That is why the most valuable quality as an investor is PATIENCE, PATIENCE, PATIENCE. If you are, you will reap good rewards ultimately. I see guys coming to beg for Access at 25 soon

Please add: Dunlop, RT Briscoe, Japaul, LASACO....all nice names...what about UTC is it still on the NSE? Makes me thank Warren Buffet...Like the Lord the market....

RabbiDoracle:
In this euphoria, People buy stocks that even on NSE you see acronyms like BLS and DIP. BLS is Below Listing Requirements while DIP means Delisting In Process.

Warren Buffett has this to say as a guide: "You never know who is swimming naked until the tide goes out"

My brother I also like reading your name sake...here's another from the wise one - the Oracle of Omaha for us to always reflect on.

“Like the Lord,the market helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

Patience and Time as @ onegentleguy always preach here works! Got a good price on Access today been waiting since. Now we move to the second stage (Dividend investor/watch closely) of Mr Patience and Time

https://trwstockbrokers./2018/01/16/asset-reallocation-triggers-n1-43trn-decline-in-fixed-income-market/

Activities in the fixed income market fell by N1.43 trillion in December, 2017 following asset reallocation by investors hunting for better returns offered in the stock market. Data from the FMDQ TOC Securities Exchange showed that transaction turnover in the fixed income market fell to N4.98 trillion from N6.41 trillion in the […]

....My good people this will be the year of the NSE!

https://trwstockbrokers./2018/01/16/atlas-mara-raises-stake-in-union-bank-to-48/

Atlas Mara raises stake in Union Bank to 48%
by TRW STOCKBROKERS LTD
Financial services holding company Atlas Mara Ltd said yesterday that it has increased its stake in Union Bank of Nigeria to 48.0 per cent following a recent rights offering by the African bank. Prior to the rights issue, Atlas Mara held a 44.5 per cent stake in Union Bank of Nigeria. The Nigerian bank completed […]

locodemy:
Chai.I need your wife to test my semen.

Faceless forum, now you are writing rubbish..empty fool! I don't blame Vee for calling you a useless drunkard! My advise be careful what you write and leave people's family out of it even in a faceless forum! #SAD