₦airaland Forum

mendes911:
Greetings Oga BOMBoclad. How are you and your crew members doing? You seem to have lost your voice again?

Just passing.

Easy naa. No one saw the CVD19 effect on oil prices.

gloriousdawn:
Holding cash now is not the best hedging strategy against devaluation.
Hold assets that are likely to go up in value if there is devaluation.

Example of such asset is stock. Imagine if you liquidate your position in stock today and the next day before market open, there is an annoucement that naira have been devalued. What become the fate of the cash you are holding?

Holding cash is good but not when currency devaluation is looming.

Also...

At current prices, a few stocks can do a conservative 50% on reversal. Do you see the currency being devalued by 50%?

If you know...

RabbiDoracle:


But I warned guys that last week there could be a recovery for 2 to 3 days before Noah's Ark will set sail.

You did!

My thoughts are with those who wanted to JIJO.

Fire on the mountain...

Ibrahim505:
Is there hope for someone that buy ucap tomorrow to be included in the dividend register?

No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro.

My humble advice based in the questions you've been asking is to go back to NSE 101. Get the fundamentals of stock investments right before committing a penny.

maishai:
The price of Union bank has been unusually high, I believe the market markers have this info in hand before the main market participants and priced this in.......................Union bank has been tracking the price of UBA all through 2019 and I keep wondering how It should be priced as UBA, Ive finally got my answer...............IS this dividend sustainable?

Please how does 25k per share compare to #1 per share. They are in different leagues.

Mcy56:
You still have a lot to learn.
He was talking about dividend payment that it landed in his bank account. It was paid today.
I also got alert for the tashere registrar's units I have.

Was the dividend more than 42k/share? Appears so

mendes911:
I once did a report and all I was asked later was to put it in Microsoft Excel. Just the numbers and graphs.

Yesoooo, we tell the whole story using equations and supporting data and graphs.

onegentleguy:
Reading from the side line, I can not help but laugh at some input from certain analysts and investors alike.
Its almost natural that in times like these, u tend to see 3 categories of investors;

1) Those who would look to exaggerate RISK by spreading the FEAR gospel, so they can get assets at a cheap in their quest to time the market.
2) Those who would be infested by the 1st group and become so engrossed with too many extrapolations that they end up missing out on some clear opportunities.
AND
3) Those who can manage to alienate FEAR from RISK, avoid timing the market and shrewdly seek REWARD by tapping from any great opportunity in between.

...

Guy u can write long literature ooo. I doff my hat for you.

Am an Engineer and we don't believe in long turenchi.
A couple of equations and graphs ... end of story

OBAGADAFFI:
The best Insurance company on the NSE

Baba Ade-Ojo Never disappoints.

Insurance what?

This na financial services company (not only insurance). Has been for quite sometime.

However, they performed worse than last year though.

mendes911:
Just negodu what they just did to GTB...

Wicked FPI's.

O di egwu o

wey MMs wey de manipulate market upandan

Chibuking81:
This is a serous matter, indeed a red flag. Brent at $49.
Our country economy is not safe. We have strong immune system against corona virus, but weaker economy against corona virus effect.

Don't be so sure man. The confirmed case in Lagos, only God knows how many people in Nigeria he has had contact with.
#BraceForImpact

PETERiCHY:
That's why JiJOist rules while others follow

Oh boy in my part of the world , you will get seriously done for this kind of image in the meme.

sellydion:
Bigjay01, I thought you are now a JIJO Apostle

In my lingo, JIJO does not mean day trading!

In the past, whatever i bought I had the intention of holding for ever. Nowadays, only few stock qualify for this treatment.

Also, in the past I over-diversified. Lately, I have begun to concentrate my portfolio with the view to holding the stock of a max of 15 companies.

Hence, if the events of this week continue, it will present an opportunity to target equities that satisfies this new paradigm.

Mcy56:
This is the type of time long termers wait for.
When prices will become ridiculously low.

Nne you are speaking my language. Beats all devaluation noise.
I don't mean buying dead companies.

Lion123:
Zenith at NGN19.15. The jokes write themselves.

In a weak macro environment, you need more than good dividends to sustain/ spike equity prices.

Mcy56:
Amen. Thanks Sis.
It's not only you that get such laziness o, I also have a small phone whose work is just to make call, rcv call and send messages.

aka akpo aza

Coolcash1:
Peteru, werey ni e olorun....poultry and NSE, is there any correlation?

Peteru gave a very good advice only if you can decipher the coded msg embedded.

Lion123:
This people should go and sit down. I was even expecting like N2.80 dividend. Same as last year. Not sexy.

Guy, what's your problem. 12.5% not sexy in this prevailing economic climate?

ndidigood:
choi
U bad goor
U play too much with anybody and everybody like myhubby
Is good,
U will live long

The word 'play' is very ambiguous ooo. I wouldn't ask you to elucidate.

Bigjay01 reporting as a local investor for the next 10 days.
Good to be home.

Mcy56:
This new rule of submitting unaudited FY reports first is just no.n.se.nse!
They need to go back to old rule.

It has made a mess of the usual January results expectation effect. Now you can imagine if the audited deviates massively from the un-audited!

Biafran4life:
Pls I decide to download my statement from Morgan.I thought it was said here that both buying and selling with Morgan is like 2 percent.How is 50,000 of dangota buying at #145,00 arrive at #7,315,254.20 using this commission.This is above 1.5 percent alone for buying

B17 (Buy cost)
=(B14*B15*(1+(B10/100)))+((B11+B12)*B16)

C17 (Sales proceeds)
=C14*C15-((C14*C15*(C10/100))+(C11+C12)*C16)

maishai:
I bought eterna oil @ .80k and sold at #2 after holding for one year plus......................... Now its coming back to bus stop.........................It will definitely go below #1.50 as all is not well inthe industry....

Conoil has always done well. I picked up some at #15 a few months ago.

It is illiquid though they are very generous with dividends.

Toluway:
Are you abusing me or what ?

Meritrade does not suit my SCALPING strategy, because of high expenses.
I would no longer have anything to do with Morgan, where i have to be searching and searching all the time, for anything i want to do. I use android phone.

So, you see why I'm asking for help?

Guy make you humour up na

Morgan works on my android (s9+) very well.

Toluway:
Could you kindly oblige me with information about a trading platform that is as clear, straightforward, and simple like Meritrade and as cheap as Morgan Capital? Abeg .

grave robber!
seeking best of both worlds
why not stick to Morgan? It is simple enough for me anyway.

DeRuggedProf:
U can't come and kill yourself abi?........

the market don see the notice, the thing dey @ 81k currently. I go adjust goal post on Monday
abeg lemme cum and be going jare

mendes911:
At times, cash na cash especially when it has to do with a previously trapped funds. If I can get 10% of what I pumped into[b] Bank PHB[/b], I go happy die.

oh boy eeeh, I no even receive the certificate for that one b4 Sanusi tsunami hit the market.

http://www.nse.com.ng/Financial_NewsDocs/29034_AIICO_INSURANCE_PLC._CORPORATE_ACTIONS_FEBRUARY_2020.pdf

AIICO wan raise money! i have quickly cancelled my 81k bid.
The market has a knack of reacting -vely to such. I may get it in the lower to mid 70s.
My average price is 77k (excluding dividends)

Jejebabaa:
Hope it was net gain when converted to Pounds cos most gains in Naira na audio gain oo. Na when u converted it to forex and compared to your cash inflow to the market u go know.

Ex, the weakest I have changed £ in the last 15yrs was in the mid 2000s when it was #194ish to £1. Today the rate is say #470=£1. This implies about 150% depreciation.

Ok
On 04/05/2009 I bought Nascon @4
On 21/08/2009 I bought Nascon @3.01

+ numerous others

You do the maths ...

It does beat the exchange rate differential pants down

Mcy56:
Wait ooooo. Japaul getting patronage....up by 2k?
Can never trust this NSE! Can someone interprete the result in layman's terms......before then, caution is the watchword.

Another kaya go soon waka