₦airaland Forum

RabbiDoracle:
Health wise, people will survive it.

But I like the fear displayed worldwide. See one Turkish stock losing 47% in a single day. As in half of your investment wiped off in a single day.

I laughed and my money laughed as well.

From your body language, is like you have entered back to the market?

RabbiDoracle:



Spanish flu in 1918 killed around 50m people. The earth still survived it. So wetin be Corona?

My dear, you see this earth, it will still stand gidigba.

I like the fear you all display now . Las las, I will buy from all of you once the time is right.

Prices are now cheaper and I pray they get battered.

You can never buy from me, because my strategy will never allow you.
To be frank, you never know that corona virus will come, if there is any other thing you see, it might be different from the virus.

No matter what happened people must talk.
Honestly speaking no one knows that corona virus will take the whole part of 2020 q1. It's only God that knows it all. Brent crude parking at below $50 was handiwork of corona virus, NSE ASI dropping to 27,000 was handiwork of falling in price of Brent crude and massive drop in the world stocks market. All pointing at corona virus.

Seriously this event has presented bonanza offer, it's only God that know when this bonanza offer will end.

Corona virus will likely push Nigeria stocks further to southern pole this new week irrespective of good dividends on the ground, as Brent crude oil remains below $50, and Dow seriously losing, foreign investors will be bailing out around the world to get ready for investment opportunity in USA, and other strong economy like China and Japan that are really affected by this dangerous virus. When ever the world economic will improve, those country with strong economic will pick first, because of that investors preferred them first.

But local investors has nothing to lose, only momentarily paper lose , because after the current falling in price, stock will pick again and will still rise above the current price. If one still have cash to invest, it will be good for him to wait a little, because there will likely be further stock falling in price within the first week of March. But if one lack patience to wait, he can buy more.

Stock will still pick up again

It's well

locodemy:
Don't worry.A matter of time.There will be fast rise.

Those holding cash are the winners.

Relax and watch the crashing movie to an extent.

But I think one can get more share if he reduces what he has now and buy letter for active online investors. It is disastrous to sight crude below $50. And if it drop further, that means massive effect will follow.

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.

The bear in the market is cause by spread of corona virus across the globe which is seriously causing the fall in Brent crude oil price.

otubobo:
....nti is on Saturdays oh

NTI or part-time don't necessary need approval, like that of NTI usually take place on Saturdays. On NTI what needed is just letter of notification to the board. During my PGDE study, Me and six of our colleagues did that, which I was the one that submitted the letters to the board.

It contains, notification letter to the board , through the principal, with recommendation letter from the principal recommending that our letters should be honor since it doesn't affect our official duty and time, we also attached our admission letter.

But if on full time program within the state, you only notify the board if you are ready to forfeit your payment for the duration of your study, then your certificate will be recognized. This days I doubt if they are still recognizing and implementing additional qualification.

There was a story of a colleague who only apply to the board to recognized his masters degree after finishing his program. His application ended up been reporting himself by himself to the board.

He was asked to bring to the board their school attendance register, and board going through the register, it was found that his attendance in the school during that period wasn't up to 50%. His salary was seized after that, on the ground that he cheated the government, and he was asked to refund all the money paid to him during his period of study, after several months without salary, at a stage he looked for money to make up the amount with that of unpaid months, so that he will start receiving his salary, I don't know whether they have started paying him by now.

Two things are involve
1. If you want to use your full time Masters or PhD study for this job and are ready to get your pay been put on hold, apply officially to the board through your principal.
2. If you have interest in using your masters and PhD for another job and still meet up with your official duty and still have interest on your full payment, then you can choose to go on with your study without informing the board, but don't apply for it's recognition after the study, else you will refund all your pay during your study period.

emekatex:
please when are we expecting alert jare? I accepted this job because of money and nothing else. Though i like teaching but I wouldn't have done it free if money was not involved. Hence, the end point of all the info here is money and nothing else.

All will be paid on or before 27th, been Thursday. Payment will likely start between Tuesday/Wednesday and concluded on Thursday. This is because it take 3 working days from the FAAC sharing, for cheques / or the lodgement of the money pay to each 36 state to clear in their account.

FAAC was shared on Wednesdays 19th February, therefore the 3 working days started on Thursday, and will be due on the close of banking business on Monday ( at close of business on Monday, the money will be set). Then on Tuesday all the salary banks will receive their customers portion and will commence payment the same day, or the next day been Wednesday. ( some banks usually delay the money for extra one day)

Ibrahim505:
I transferred money using access mobile app to Morgan capital, the money is debited but Morgan didn't acknowledged receiving the transfer. I believe the problem is from access bank. Can anyone here advice me with possible instant solution?

It happen to me sometime this month. I even generated receipt from my bank and attach it as evidence to my email message to Morgan capital, and they didn't acknowledge it, but I was surprise seen the same money reversed back to my account within 24 hours.

Within the same period I transferred money from my UBA account to my First bank account, for hours I didn't see the money in either of my account, to the extend I called UBA customer care whom told me to wait for 24 hours. It happened in the afternoon, but at about 4am the next morning, it drop down to my first bank account.

So you don't have anything to worry about, Nigeria banks transfer system are suffering from hanging and releasing syndrome. The money will either get to them before 24 hours or go back to your bank account.

otokx:
What if they pay 15 kobo?

That still prove them as company with audio EPs. Meaning that their EPs is in doubt. And that can still push them downward to #1.5

Mcy56:
FCMB: Seems result is around the corner................some dangerous plays and manipulations ongoing there.
FBNH.............getting some bashing..............
Zee........price below 20 naira is still a good buy to me. She tried this time around for not getting massive dumping when result was out.
UBA getting attention and some dumping too.........................we see how it all plays out.

Maybe 15 kobo as usual

emmanuelewumi:
Audio EPS.

How can you make 80k and can't pay a dividend of 30k or make N1.00 and can't pay a dividend of 40k.

I am a dividend Investor and cash flow from my dividend should pay back the fund Invested in a maximum of 5 years,.

That's why am angry with them. They really need to change this time. If Fidelity make mistake and pay 30 kobo, they will climb to #4.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29134_ZENITH_BANK_PLC_CORPORATE_ACTIONS_FEBRUARY_2020.pdf

Always deliver.
Another will be UBA.

dinyelutochukwu:
Greetings my people,
Please who understands what’s happening to sterling. The stock has been consistently hitting new lows in the last two trading days.

Stock of 38 kobo EPs selling above #2 is an error, where stock of #1 and 80 kobo EPs are selling below #2.

They are trying to find their position.

ihedioramma:
Brother notting do you, ucheson has change name because of oando . I will change my but not now .

You are welcome.
Happy to hear from you again.

Sau24:
Your own is about salary, nothing else

All your last 21 post was all about salary and payment.
Follow this link to check https://www.nairaland.com/sau24/posts

locodemy:
No need to argue.You inherited stock investment from your father.

Zenith Bank is not a jijo stock.I would have use it to reply.

Can you pls use fcmb and I will tell you how many times I traded on fcmb(10-15%) in just six months not even a year let alone talking of 5 yrs.

I didn't inherited stocks from my Dad, rather I got idea from his investment ideology.

DeRuggedProf:
I promise you, the JIJO ACCOUNT will HACK the INVESTMENT ACCOUNT in less than a year and LOOT everything over......

But when mass bear hit the market, jijo members will always look for the lowest entry point, which their entry will always turn to be another runaway soldier exit point.

I have been in the market for years, and in this our platform. I have seen jijo master who after the massive bear never enter NSE section again. Some ended up in nairabet where one match always cut their bet.

But all the investors who started from the early point of this platform never run away.

That reminds me of our dear brother in the lord Ihedioramma, Ucheson and Demexoga. Who know their whereabouts?

Jijo has cover a lot of peoples eyes, whom would have be millionaire by now, but do to buying and selling, they can't avoid to make reasonable amount of money for five years period. Let take for instance, Zenith bank at average of #20 irrespective of price movement , for complete 5 years which has 60 months, the person will acquire about ( #20 x 1000 unit = #20,000, and 1,000 unit times 60 months = 60,000 unit) 60,000 which will stands at #1,200,000. One million two hundred thousand. Just for #20,000 monthly.

1. In the first year he acquire 12,000 unit , and received dividend of #2.8 x 12,000 = #33,600
2. In the second year he acquire another 12,000 + the old 12,000 = 24,000 unit , with dividend of #2.8 x 24,000 = #67,200
3. In the third year he acquire another 12,000 + the old 24,000 = 36000 units, with dividend of #2.8 x 36,000 = #100,800
4. In the fourth year he acquire another 12,000 + the old 36,000 = 48,000 unit, with dividend of #2.8 x 48,000 = # 134,400
5. In the fifth year he acquire another 12,000 unit + the old 48,000 = 60,000 unit with dividend of #2.8 x 60,000 = # 168,000

Gain
1. For 5 years he has gotten the return from his or her investment of about #504,000 minus 10 percent withholding tax of 50400 = #453,600
2. For 5 years he had made about #1,200,000 capital saves, this can also attract capital appreciation.

Note
1. There are many sound fundamental stocks that has same good dividend pay out in the market
2. The amount saved might be higher due to capital appreciation or lower due to depreciation.
3. One need to always follow the quarterly report of the companies to know when bad management set in, for him to move his saves to another good company.

In conclusion, investment is the key, investment is the answer.

Lion123:
God punish Zenith sha.

Zenith bank is not stock for jijosm, it's a stock for investors who know what and why they are buying. I will advise you to have two account with two or one stockbroker. Keep one for investment and use the other for jijo business, if at all you can't do without jijo.

Keep on investing certain amount of money monthly in both account as your strength can carry you irrespective of bear or bull. For example you can start with #20,000 for investment account and #20,000 into jijo account at every first week or last week of every month.

For investment account always buy sound fundamental stocks with yearly history of dividend payment, don't touch it. Then for jijo account, you can buy any stocks of your choice and sell whenever you wishes.

Do that for at least five years, and see the outcome and call the result.

onegentleguy:
The play is called GT chess !!
...after the run out through the 27.60 window, the door was eventually shut.
So shall it be when Mr ZENITH and a few others decide to end their own game of chess.

The huge offers in certain coys is what I prefer to call a 'creative psychosomatic medium of exchange'.
The signal 'can sometimes make u dance to an exiting reggae-like song even when a mere entry serenade is been played'.
That's the 'NSE room' for u.

We'll see if the 'GTB door' will be reopened tomorrow.

Zenith should give such chance between Friday next week or first working day of the month of March. Some of their good faithful are waiting to increase their volume for investment purpose not for jijo purpose.

locodemy:
I think about 6 stocks closed today on a strong bid.Which other bull are you talking about?

Tomorrow and next gonna be bullish.What you will see in the next 10 days is pullback followed by Janet calling after this earning season.

What we witness yesterday was selected bull, and if you call that the bull present, that mean there are always bull and bear in the market every market day, because there will always be some companies that will close on green while some on red. Even the selected bull was below the bear as of yesterday.
The selected bull usually have short lifespan.

Before the closing of market yesterday ASI was on the negative side. All the big cap companies was on the negative side, these include, Dangote cement at #155, Nestle at #1,121, GTB Bank at #28.40, and when such happened it usually call for concern.

What am referring in my post was about likelihood of general bull return.

There is no cause for alarm, it's a win win situation. Don't be left out, from the FAAC sharing
( https://economicconfidential.com/2020/02/faac-states-share-n647-353bn-for-january-2020/ ), I was thinking that the effect of corona virus will bring down the revenue sharing to below #500 b, but I was happy to see the sharing stood at n647 b.

The bull will show face before the next 10 days.

The FAAC sharing is a good news, upon the corona virus which brought down the price of Brent crude oil price from above $60 down to $53 far below the budget benchmark of $58, upon that they still shared above 600 billion naira, I thank God the price has gradually move up again to $58.

On or before 28 February next week, we shall all get our salary.

FAAC: FG, States, LGs share N647.353bn for January, 2020.

By Economic Confidential - February 19, 2020

FAAC: FG, States, LGs share N647.353bn for January, 2020.
The Federation Accounts Allocation Committee (FAAC) in Lagos at its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, shared to the Federal Government, States and Local Government Councils a sum total of N647.353 billion as federal allocations for the month of January 2020.

From this amount, inclusive of Gross Statutory, VAT, Exchange Gain difference, and distribution from non-Mineral Revenue, the Federal Government received N267.389 billon, the States received N176.923 billion, Local Government councils got N132.944 billion, while the oil producing states received N46 billion as derivation (13% Mineral Revenue).

However, cost of collection/FIRS, and NCS Refund/ Allocation to NEDC was N23.900 billion.

In a communique issued by the Federation Accounts Allocation Committee (FAAC) at the end of the meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for January 2020 was N97.425 billion as against the N106.769 billion distributed in the preceding month of December 2019, resulting in a decrease of N9.344 billion. The distribution is as follows; Federal Government got N14.614 billion, the States received N48.6174 billion, Local Government Councils got N34.009 billon.

The distributed Statutory Revenue of N508.686 billion according to the communique received for the month was lower than the N565.261 billion received in the previous month by N56.575 billion, which was also distributed as follows; Federal Government received N243.704 billion, States received N123.610, Local Government Councils got N95.298 billion while oil producing states derivation received N46.074 billon.

The total revenue distributable for the current month (including cost of collection to NCS, DPR and FIRS) according to the committee is N647.353 billion, adding that as at February 19th, 2020, the Excess Crude Account (ECA) is $71.814million.

Read more at: https://economicconfidential.com/2020/02/faac-states-share-n647-353bn-for-january-2020/

COMPENGRFRANK:
HELLO MY GOOD PEOPLE I WANT TO START TRADING STOCK BUT I DONT HAVE THE CAPITAL IF YOU ARE TOUCHED AND U WANT TO HELP ME THIS IS MY NO 07033091522,THE TRADITIONAL MARRIAGE I JUST DID TOOK ALL THE MONEY IN MY BANK ACCOUNT.PLS MY PEOPLE I WANT TO GO INTO STOCK INVESTMENT PLS HELP A BROTHER THANK YOU ALL.

Happy married life. Don't be discourage, since you didn't borrow, and you uprightly made the money to get back the bone of your bone and flesh of your flesh. God will sustain your marriage. As you uprightly made the money to marry that shows you have something doing, no matter how small I will encourage you to save part of your monthly earning through buying share, through it you can save and make millions within some few years. This forum will always tell you the best stock to buy whenever you want to start.

With #5,050 you can start by opening account with Morgan capital stockbroker and use #5000 from it to buy any listed company share of your choice and can be buying with #1000 or #10,000 e t.c monthly.

arduino:
Got more JB yesterday. N8.00 EPS will not pass me by.

They gave #1 dividend last two years 2017, on Eps of #3.61. Then #2 dividend last year 2018, on EPs of #5.30. From their history, this year dividend will likely range between #2.50 to #3. With payment usually come up towards month of June.

The stock will get more attention by May ahead of dividend qualified date and payment.

https://www.vanguardngr.com/2020/02/no-matter-what-happens-i-dont-want-to-take-coronavirus-to-africa/
From the testimony of Cameroonian student who contract the corona virus, it shows that African immune system can resist it.

Meanwhile the virus will soon die off. It will soon leave Chinese alone and become the thing of the past. Stock Market I believed will not be affected beyond its current level.