meine:
I always pay attention to preexisting economic environment to have an idea of the direction of the market. Though movement in individual stocks can always happen whether during the Bull or Bear season.

Positive Factors in the Market
1. Low interest rate in fixed income securities: this should have kept the market on a longer bullish run but it seems this factor has already been priced in.
2. Rise in the price of Crude Oil: The rise has been marginal with no immediate positive impact on the local economy.

Negative Factors in the Market
1. Consistent Devaluation of the Naira and the FPI: When you keep devaluing your currency foreign investors will prefer to wait till normalcy is restored.

Feel free to add yours. Based on these few points there is more probability of the market staying stagnant or declining, than having a meteoric rise in the next few weeks.

In Engineering, we would say that the entropy (measure of disorder in a system) is tending to maximum

debeey87:


Thanks. Have to go check my purchase date very well. If you can, pls post an extract of the date

Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

debeey87:
Has uac prop released any statement regarding qualification date for the REITs unbundling after their court ordered meeting?

13/11/2020 as per scheme document.

that one passed me by. Would have a been a smart play to get some via UPDC

if you don't think that this has a bearing on our market, then you've got another think coming

Biafran4life:
Please has cement price been increased officially or iis it other factors that has caused the change in price? I am trying to relate the present retail price to what thr yr end result could look like[b].Some of my investment decision is based on what I see on the street[/b] and it has never failed me .Dangota sugar was a typical example.Some of this companies we buy thr shares .when you see the demand for their products and services you will vow never to have anything to do with. them You will equally be imagining whr the auditors are manufacturing the positive results from.You will realize some are dead on ground but alive on paper work

most realistic valuation model according to Peter Lynch

Mcy56:

Loco see Neimeth today.......
You rushed out too quickly
Sterling price at your jijo junction seems a bit high to me............

Market is somehow dull today.....

just N3.5B and someone is claiming bull.
at this rate Friday will not be funny.

talk2tonie:


Morgan capital trading platform is very terrible. Not good for a newbie. I use them only to play around stocks.

Works very well for me. Maybe 'cos I use lap/desk and a very fast Internet connectivity. Not as good on a phone though.

Mcy56:

Yes.

Chai!! I got this info late.
Would have alerted the house since.
THis forum seems not to be serving its purpose again.
No matter how you mention am self, those who will still rubbish it will do but at least few who will try it will also do.
It's well.

Sorry,

Mcy56:

Thanks.
I've gone thru it. There's no confusion here nah?
Final Qualification date is 23rd and closure of register 30th - 4th of Dec.

Why is bigjay confused about the dates?

i bought on the 17th so I am cool.

However, if we follow the T+3 cycle, if one buys tomorrow, will their shares not completely settle by the COB on 27/11?

moneymanager:


Yea, this was what I was told as well by a friend in the Fin Sec. He gave this as the reason GTB was so high. That why one has to be cautious cause once the forex comes in, heaven only knows what will happen to the stock afterwards.
Thanks for the details Mehn ������

it has been in the public domain for a while. Are these not speculation? or has any foreign investor stated so explicitly?

wanaj0:


But prices will be adjusted for the Bonus! Not sure why people buy on the news of a bonus.

we expect prices to readjust soon after. ala CUTIX style

one of the better run insurance companies anyway. Am sure they'll hijack a lot of business from those that can't recapitalise.

PETERiCHY:


Zenithbank that will still beg some of us to buy at sub N10.

PATIENCE is KEY.

BARGAIN HUNTERS TAKE NOTE!

not a smart statement until you attach a timeframe to it!

wanaj0:


Why?

9 for 10

mind you, i used to hold at average of 56k, Sold them earlier in the year.

kalkah:
Don't panic yet, I bought GSK last week Monday in the Morning 6.95, it drop to 6.4 same day. Then on Tuesday it started rising in the Morning hoping to that it will drop in the afternoon just like how it happen on Monday it did not drop and it was on full gear till Friday.

Unfortunately I set buy order at 6.85 and 6.7 on Friday, before I login this morning the order has been filled, my average price is 6.56.

Let wait and see how Market behave this week, anyway I will sell some this week when the price reach 7.2 that will give me at least 7 - 8% profit and my average price will go down to 6.26.

which broker/ platform?

bigjay01:


GSK i bought at 7 on Friday is now being fully offered @ 6.3

chai, market na bastard o

deleted

bigjay01:


I picked up some at 2.33-2.35 on the 17th

GSK i bought at 7 on Friday is now being fully offered @ 6.3

chai, market na bastard o

OBAGADAFFI:


I think we need a lawyer to explain these discrepancies to us.

I picked up some at 2.33-2.35 on the 17th

dharpzee:
Well, make we wait for the MPC direction, as I believe the market will soon bounce back today.

MPC meeting is today and tomorrow. So if it will have any effect, it will not be today (IMHO)

OBAGADAFFI:


It's also confusing to me.

CLOSURE OF THE REGISTER OF MEMBERS: from 30th November to 4th December 2020

Distributed amongst members whose names are registered in the Company's Register of Members at
the close of business on 23rd November 2020

The bonus distribution date is 16th December 2020"

mediocre at best.
Only in that part of the world

Guinness

Bought at 13, sold at 19.5.
Bid at 18.5 on Thurs/ Fri but no show

Now the thing is begging to be bought at 18.

Bleeding on Monday? not a good sign for the week.

OBAGADAFFI:
NEM

The Register of Members and Transfer Books of the Company will be closed from 30th
November to 4th December 2020 both dates inclusive for the purpose of updating our
register of members. Accordingly bonus shares will be distributed to Shareholders whose names are
on the Register before the date of closure. Bonus distribution date is 16th
December 2020.

"In pursuance to the recommendation of the Directors, that the sum of Two Hundred and
Seventy Two Million, Five Hundred and Fifty One Thousand Naira (₦272,551,000) and Two
Billion and Eighty Seven Million, One Hundred and Ninety-Seven Thousand, Five Hundred
and Forty-Three Naira (₦2,087,197,543) be transferred from the Company’s Share Premium
account and Retained Earnings account respectively to the Share Capital account. The
amount thus transferred shall represent the value of Four Billion, Seven Hundred and
Nineteen Million, Four Hundred and Ninety Seven Thousand and Eighty Seven
(4,719,497,087) ordinary shares of Fifty Kobo (N0.50K) each as fully paid up, and distributed
amongst members whose names are registered in the Company's Register of Members at
the close of business on 23rd November 2020, in the proportion of nine (9) new shares of 50
kobo each for every ten (10) existing shares of 50 kobo each, held by them. The shares
distributed shall rank pari pasu with the existing shares in all respect and will be treated for
all purposes as capital and not as income"

"The Register of Members and Transfer Books of the Company will be closed from 30th
November to 4
th December 2020 both dates inclusive for the purpose of updating our
register of members. Accordingly bonus shares will be distributed to Shareholders whose
names are on the Register before the date of closure. Bonus distribution date is 16th
December 2020"

what am I missing?

Mcy56:
Fidson 6.50!

The analysts are seeing positive momentum this week.......can't post analysis now.......let's see how it goes......

analysts kwa?

dem don come again!

pluto09:



We have seen it before...
Charts will always say something

They'll all be shouting oversold

ositadiima1:
I was about 30% percent down on Caverton as at last week, today I am just 10% down. I believe by next week I will be green on that one.

Watching it very keenly.
Avg price of #2.4
I will be very happy to exit without a hair cut. I collected their tashere div earlier this year though.

WantsandMore:
I have been observing dangote sugar since its inception into the NSE and currently it stock sells @ a relatively higher price compared to months ago. Does anyone have insight or opinions as to wether or not the shares be a good pick or long term hold. As I'm scared of its falling.

... Pls stay away from the market

currentprice:
6.34% gain today. haaba

A trip down memory lane...

Exactly this situation roped me into NSE (big time) in 2006.

Before then, I had a few stock (mostly moribund) bought around 1987-89 (Dunlop, Rak Unity, Grommac, Nolchem etc)...

Where is our oga Wanaj0? Please come and sound your warning to newbies

IYGEAL:
So this Burundi bull was so big NSE has to be overwhelmed into triggering circuit breakers

Have they done that before?

Ndi Onyiuke era (or maybe lately)

NSE ASI 5YR High was 45092 on 19/01/2018.

Let's see how this one compares

jideflash:
Close of Trade.
FBNH +8.45%
Transcorp +9.80%
Wema +9.30%
Unitybank +9.09%
UCAP +9.81%
JB +10%
GSK 9.85%
Fidson +10%
Guinness +10%
Livestock +9.45%
Neimeth +10%
Nem +9.76%
Oando +9.82%
PZ +9.09%

JB closed flat!

Pesuzok:


I just got mine

Got an alert soon after I queried why they haven't paid. Telepathy things.

maishai:


As u trade please remember that commission......
I always budget 4.5%[buy + sell]

Learn what makes a stock overpriced or underpriced too

@ below 200 Dangote is yet to be overpriced baring any announcement in the future.....


Why don't u just wait it out

the recent export concession (aka selective border reopening) is likely to be profit accretive (imho)

onegentleguy:
For those who missed out on recent opportunities but who are seeking for one, look the way of UNILEVER !!
Based on the coys current BS position(cash stand + earnings accretion) and adjusting for a high risk premium, there's the possibility of a near 57% ROI given its present mkt price.
Elsewhere, UACN also holds an over 61% reward potential, while JULIUS BERGER carries with it a near 45% net RR.
The probability of occurrence is already near 1 for all 3 coys.

Then again, GSK still holds a massive REWARD POTENTIAL !!

The best time to align with them? …NOW !!

CAVEAT: The need for due diligence should still take higher precedence ahead of this post.
My advise? …Pls follow ur instinct.

It is well.

shhhh, i am not done yet!

the elasticity of my patience (aka holding time) is near infinity