₦airaland Forum

TechCapon:
39500

dinyelutochukwu:
Ahn ahn...
You no add Peterichy?
we will not take it

Mcy56:
Banking sector withstood fall in price for the past few trading days.....
Seems they are yielding to the persistent sell pressure........with GTB taking the lead now.


Billtommy, I wasn't expecting you to re-enter the market the time you did, guess you'll have to average down .....

Mcy56:
Oh! Was even thinking you haven't enter market yet.
Okay. Just keep eye on Mr. Market.

Mcy56:
Hope you're still holding on.

meshpips:
Hi everyone,

both conditions in the IF . . . THEN statement have been fulfilled.

Zenith touched 18.08 AND closed this new week with a bearish body.

Now, I expect a sell off back to 11.90 support level.

All the best everyone!

cc:
@rabbidoracle
@adruino
@jejebaba
@onegentleguy
@notheastern

Mcy56:
You jumped out of UBA and other ones too quickly and threw money away in the process but no need to feel bad, i blvd you still made something on them regardless.

I agreed with Sir OGG that its somehow difficult to advice on what to buy now, prices have jumped up...... however, there's pullback ongoing, maybe you just keep monitoring market to know when major reversal will occur.

Mcy56:
Well said Sir OGG!
The guy was able to enter some good stocks lower but was quick to jump out.

onegentleguy:
It shouldn't be a challenge.
Dig in on some past post and u'll find several recommendations we've given here.
...then u can decide on what suits ur fancy after due diligence.

Coolcash1:
Best time as you have missed the march entry is to wait till October to cherry pick good stocks like zenith, gtb, nestle, access, uba, dangote cement, wapco, mtn at bargain prices ahead of earning season. However, if you are a long term investor, that is you plan to hold for 5years in return for yearly dividend, you can buy any of the ones i have mentioned now.

onegentleguy:
The mistake u made was adding up the div and bonus before deducting from the equity price. U need to 1st deduct the div from price before running the result over the bonus ratio.
So u are among those who jump off the window when maths lesson are thought back in school days.

I believe the intent is to find out what would be the equity price of JULIUS BERGER on mark down date.
...a brief;
Where a coy declares a bonus plus dividend, simply use this formula to compute the mark down price;
Mark down price(Mp)= [(Pbm-Dd) X Br(Br+1)]
Where only a bonus was declared, use the formula Mp= Pbm[Br(Br+1)], and if its only a divided, simply use
Mp= Pbm--Dd.
...Where Pbm is the equity Price before mark down, Br is the Bonus ratio while Dd is the Dividend declared.

With the JB example, the coy closed on Friday @ N27.2, and if we assume that Wednesday is the mark down date, then using the formula above, Mark down price Mp= [27.2-2[1/5(1/5+1)]= 25.2x5/6= N21
Therefore on a N2 div and 1 for 5 bonus issue, mark down price @ N27.2/share of JB= N21
So @ rebakah was correct !!

For emphasis, just substitute the price of JB on qualification date or previous mkt closing price before markdown(Pbm) in the formula to get the Mark down price.
A N32 price on the qualification date should give a N25 price after mark down.

For details of how the formula was derived, refer to the link from my past post below for clues.
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/3362#66247730

cc: MishdaFish

Mcy56:
Blvd you already got my opinion. I'm not a guru.

meekmill:
hey they asked me to get a card then I was directed to her .
she gave me olive oil and she said I should come back on the 30th of dis month with 4k

Mcy56:
In my opinion, it's good if you're holding it for medium to long term.
You'll also chop coming dividend and bonus issue in-btw.

Chai!! The way some portray me here self. I'm in no way a guru or stock expert o. I have lots of bosses and Tishas.
I'm just a front row student who doesn't joke with note writing and reading. Lol.

ahiboilandgas:
no need for this ...are u same person healthserve?

Mcy56:
Who are these GTB buyers/sellers?

lancee:
Panick on fbnh section ..