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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:59pm On May 28, 2018

Heledy:
what is the minimum diamond can go ?
Imagine i bought the stock @3.18....
Am totally fustrated now

It's time to take us serious, I am non sentimental individual, I stand on truth and reality. The way many attend prosperity preaching church, than salvation preaching church, is the way many here like bull posting quote, that bear present warning.

This period came earlier than expected, that's why many are trapped, as some will always buy hoping that a particular stock has bottomed out, only to discover that the gear to southern pole has just change to the next higher gear. huh

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:49pm On May 28, 2018

mendes911:
I want to believe that MM guys wants serious full offers to show up today, then they will come and do their thing. Watching closely.

You are still believing where bear is in full action, there are more opportunity to sell now, than when the doors will be completely locked up.
Market is shouting sell sell sell sell sell sell sell sell grin

Is like the bear drank enough water before embarking on this journey, it refuse even to stop for water drinking break,

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:12am On May 28, 2018

Mpeace:
[b]This might just be true because there is no other justification for the selloff.

This is the writers opinion, which was also drawn from our own observation too.
1. Political uncertainty; from side of Nigerian politics, our country is the most populated in African, and seen as giant of Africa. 2019 campaign has started gradually, many has already declared their intention to seek the post of highest office in the land, been that of office of Mr president, the political building up use to be intense in Nigeria, because the incumbent will always use all the whole arsenal at his disposal to fight his opponent.

But with the present situation of hardship in the land, and massive killing, many has channel their grievances to the seating government, and ready to use their own arsenal to unseat the seating administration.

Household fight use to be deadly, this coming election will be between the northern candidates, and the fight has started, former governor of Jigawa and Plateau state has visited EFCC prison and many more to join suit in the days to come, Senate president is still battling with presidency, Obasanjo attacking from his own side, Tinubu and APC national chairman Oyegun struggling for party structure, Two former governor of Kano state who are interested in the office of president, KWANKWASO and SHEKARAU were not left out . New PDP in APC are trying to form their own force.

Political environment, is not friendly to the NSE with this building up toward election.

2. Price of crude oil, as I earlier maintain that, it will come with both good and bad news, the uprising of crude oil will strengthen our naira as time goes on, if the rising sustain.

Foreign investors will review their strategies, stock price will be affected, as their review goes on.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:34am On May 28, 2018

swilo:
I actually think his bear related post is too much.

During Bullish period, some people sef get trapped in some wicked stocks and make massive loss.

As we speak in this bearish times, some persons still have very good capital appreciation. Some stocks are actually inching up.

Show me the person that still have very good capital appreciation in this bear period and I will show that who loses most. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:08pm On May 27, 2018

Agbalowomeri:
You have not added the new shares

Which means when added their right issue and calculate, their EPS will come down to 5# or #4
Meaning that #25 is not far grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:33pm On May 27, 2018

DeRuggedProf:
You have once again hacked my brain...
I have been looking at FLOURMILLS for some hours now. Looks to me like the trap is nearly completed here...
This week may likely find some catch here that may last the hunters the rest of this year..

NB: FMN is used just as an example, never place an order based on my post, please...

Based on FMN 2018 Q3 Result, I place their FY result to #6 EPS, equivalent to Zenith bank EPS. Considering their current price, if bear fail to drink water this new week, they will still visit #27. But if bear wait to drink water, they will be dancing, between #29 and #31.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:00pm On May 27, 2018

Chibuking81:
Zenith bank still forming boss at #27.97 but will soon visit #27.50, then will proceed to sub #27
There is no news around to bring in bull, q2 is still far.

18th May

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:58pm On May 27, 2018

Chibuking81:
Hard truth, Dangote Flour is heading to #8

Dated 18th May 2018

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:18pm On May 26, 2018

Mcy56:

Boss, election is still far now. If what we are seeing now is election bear that will continue till next year, then there is real fire on the mountain.
I believed it wouldnt go on straight line like that sha.

Of course, bear will at a stage stop to drink water, before continue with another race.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:00pm On May 26, 2018*

Mcy56:
Is it today you know Oga Chibuking? He likes bear news so much and like to create fear at every opportunity to make the whole NSE looks like it's going to crumble

Madam Mercy, am trying to save people from losing their hard earn money from the smart foreign investors.
grin

There are sign of election bear red flag everywhere.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:55pm On May 26, 2018

Chibuking81:
https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

2019 elections: Capital market executives caution retail investors ON MAY 25, 20185:38 AMIN BUSINESS1 COMMENT By Peter Egwuatu

AS bearish sentiment persists in the Nigerian Stock Exchange, NSE, public and private sector executives in the capital market have indicated the need for discretion in investment decisions especially by retail investors.
The floor of Stock exchange Speaking against the backdrop of declining foreign investors’ interest in equities in the first quarter of 2018, Q1’18, Cowry Asset Management Limited has cautioned retail investors to be very careful in their investment decisions, especially in the build up to 2019 general elections. Chief Executive Officer, Cowry Asset Management, Mr. Johnson Chukwu, gave the advice as the guest speaker at the maiden national discourse, themed, “Portfolio Investments: Opportunities & Mounting Challenges for Nigerian Shareholders”, organized by Pragmatic Shareholders Association of Nigeria, PSAN, in Lagos.

He said the decline witnessed in Q1’18 was as a result of the shift from equities to fixed income securities by Foreign Portfolio Investors, FPIs, who have started exiting the market following the unstable macroeconomic environment. Chukwu stated: “The FPIs had taken their position in 2017 in the equities market and that was why we saw the 42% appreciation of the market, but in the Q1’18, FPIs invested $701.61 million in equity, $335.88 million in Bonds, $3.527 billion in money market, while total capital imports stood at $6.303 billion. “So the equity market was sluggish in Q1’18 as foreign investors began to repatriate their dividend and also put demand pressure in the foreign exchange market in response to declining yield on government securities.”

To this extent, Chukwu cautioned domestic retail investors to be careful in their investment decision on equities as the market is likely to record continuous drop given the challenging macroeconomic environment in the build up to general election. In his remark, Acting Director General, Securities and Exchange Commission, SEC, Ms Mary Uduk, who was represented by Mr. Effiong Ekpeyong, encouraged retail investors to embrace the Collective Investment Scheme, CIS, to diversify their investments. “Nigeria is a mono product economy as this has made the stock market very volatile. To this extent, retail investors need to spread their demand for stocks in various classes by patronizing mutual funds,” she noted.

Read more at: https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

@ safepaulooo, go through the above, does it mean that foreign investors are not pulling out from the stocks?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:51pm On May 26, 2018

safepaulooo:
My brother e be like say na only price you dey monitor. Price and volume gives better picture. I am not seeing the huge sell volumes like 2015 April to August to suggest total exit of FPI. Price go down but na panic sell volumes I dey see...it's not really substancial. May be wrong sha....

https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:27pm On May 26, 2018*

safepaulooo:
I may be wrong sha. ...but my theory is that these foreign investors want to trigger panic sell so they can mop up cheap stocks before raising the index to its supposed height. Then they will sell to the faint hearted at elevated prices AND THEN stay at sidelines. I foresee a major bull before elections, APC also needs it.....personal opinion though

Since they will pump and sell to the faint hearted, who then is faint hearted. The current bear turn more than 90% member here to faint hearted. The remained 10% are not smiling, some are nursing their injury, while averaging down. The real bull will come next year, what you will be seeing now is pump and dump bull.

Foreign investors see stock business as a game, that's why they play smart game on it. Since I know that they will create artificial bull to sell later and stay at sideline, is it not better to wait and buy at cheaper rate and wait for the main bull.

I preferred longtime investment, a situation where I will buy a particular stock at #10 and see it at #15 next five year, than buying #10 and it goes to #100 next year only to come down to 10 kobo next five year.

It's even better to buy a stock at #10, and it move to #12 next ten year, with yearly dividend payment and bonus reward.

Nigeria stock has turn many to watchman, vigilante, monitoring instrument, because one can invest today only to hear tomorrow about merger, share reconstruction, worse still remain the word "delisted", and the particular company will still be in existence. Therefore as you invest in Nigeria be ready to monitor your stock, to avoid the stories that touches.

Nigeria nawooo grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:55pm On May 26, 2018*

People keep on loosing money due to anticipation of bull.

Some bought Fidelity at #2.30 after their dividend mark down, for possible reversal, but it goes down the more to #2.20, some jump in to make a kill for the year, it goes down to #2.15 and later move up to #2.29, many jump in again, only to see them self at #2.06, this coming new week, who know how low their vehicle will test.

The same happened to Flour mill, from #35 to #29+. Will little payment in some company usher in bull, or bring back those institutional investors who has moved their money to Fix deposits and bond?

The more anticipation of bull, the more bear dominate.

Many has jump out several time with injury after jumping in hoping that proposed bull will be visiting.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:54pm On May 26, 2018

safepaulooo:
For those fearful of ELECTION BEAR read this:

https://www.premiumtimesng.com/business/business-news/269840-why-nigeria-is-investors-best-destination-now-nbs-dg.html

Why this statement didn't surface during the bull? It always comes up during the bear, it will have been a safe heaven, but election in Nigeria always come with fear of unknown.
The foreign investors are diverting their money to Fix deposits, for possible pulling out if need be.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:55pm On May 25, 2018

pluto09:
Your inference is very very wrong.

What I posted since morning, you are just seeing it now, hope you are not been trap by Mr bear? grin

Or are you one of their agent? cool

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:53pm On May 25, 2018

currentprice:
according to the chart above, it look like mkt is close to the bottom

cc fxuser

Just at 39,
What of 38 & 37?
36 is not far.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:43pm On May 25, 2018

I notice that most recommendations house stop recommending since on 30th April 2018, all this are signs of the kind of bear that are still coming. grin

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:38pm On May 25, 2018

Chibuking81:
https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

2019 elections: Capital market executives caution retail investors ON MAY 25, 20185:38 AMIN BUSINESS1 COMMENT By Peter Egwuatu

AS bearish sentiment persists in the Nigerian Stock Exchange, NSE, public and private sector executives in the capital market have indicated the need for discretion in investment decisions especially by retail investors.
The floor of Stock exchange Speaking against the backdrop of declining foreign investors’ interest in equities in the first quarter of 2018, Q1’18, Cowry Asset Management Limited has cautioned retail investors to be very careful in their investment decisions, especially in the build up to 2019 general elections. Chief Executive Officer, Cowry Asset Management, Mr. Johnson Chukwu, gave the advice as the guest speaker at the maiden national discourse, themed, “Portfolio Investments: Opportunities & Mounting Challenges for Nigerian Shareholders”, organized by Pragmatic Shareholders Association of Nigeria, PSAN, in Lagos.

He said the decline witnessed in Q1’18 was as a result of the shift from equities to fixed income securities by Foreign Portfolio Investors, FPIs, who have started exiting the market following the unstable macroeconomic environment. Chukwu stated: “The FPIs had taken their position in 2017 in the equities market and that was why we saw the 42% appreciation of the market, but in the Q1’18, FPIs invested $701.61 million in equity, $335.88 million in Bonds, $3.527 billion in money market, while total capital imports stood at $6.303 billion. “So the equity market was sluggish in Q1’18 as foreign investors began to repatriate their dividend and also put demand pressure in the foreign exchange market in response to declining yield on government securities.”

To this extent, Chukwu cautioned domestic retail investors to be careful in their investment decision on equities as the market is likely to record continuous drop given the challenging macroeconomic environment in the build up to general election. In his remark, Acting Director General, Securities and Exchange Commission, SEC, Ms Mary Uduk, who was represented by Mr. Effiong Ekpeyong, encouraged retail investors to embrace the Collective Investment Scheme, CIS, to diversify their investments. “Nigeria is a mono product economy as this has made the stock market very volatile. To this extent, retail investors need to spread their demand for stocks in various classes by patronizing mutual funds,” she noted.

Read more at: https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

This was posted during the market session, when bear was seriously dealing with the market.
How do we view the above statement?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:08pm On May 25, 2018

https://www.premiumtimesng.com/foreign/africa/269760-south-africans-defrauded-of-80-million-in-cryptocurrency-scam.html

scam

Bitcoin
May 25, 2018Oladeinde Olawoyin
South African Police on Friday said that the authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million).

The fraud, involving a company named BTC Global, was orchestrated with promises of huge returns that never materialised.

BTC Global allegedly told clients they would earn two per cent per day, 14 per cent a week and 50 per cent in a month.

Reuters reports Friday that a search for the company on the internet showed its services had been suspended. Although, the website lists Steven Twain as the “primary trader”, request for comment sent to an email address listed on the website as belonging to Twain received no response.

“Members of the public are believed to have been targeted as part of the scam and encouraged by agents of BTC Global,” the police said in a statement Friday.

“Some of the investors got paid in terms of the agreement. However, the payments suddenly stopped.”

“This may prove to be the tip of the iceberg with potentially thousands more yet to discover they’ve lost money,” police investigator Yolisa Matakata said.

On Thursday South Africa’s central bank said it was in the process of determining whether cryptocurrencies complied with its financial surveillance and exchange control regulations.

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography (the art of writing and solving codes) to secure its transactions, control the creation of additional units, and to verify the transfer of assets.

In March, the Central Bank of Nigeria (CBN) cautioned Nigerians to be wary of investments in the digital currency, stressing that virtual currencies are not legal tender in Nigeria.

The bank said cryptocurrencies such as bitcoin, ripples, monero, litecoin, dogecoin, onecoin and exchanges such as NairaEx were not licensed or regulated by the CBN.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:56pm On May 25, 2018

maishai:
Hmmm but it folded up........not only diamond, even Skye bank waiting for them @ 18k abi 20k, for Skye, I will sell at 90k......I am ready for this gamble

When you see such, how much units will you go for?
Will you make them 80% of you portfolio? I doubt, because when they get to that, you will know that folding is nocking at their door.
cool

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:44pm On May 25, 2018

Godisfaithful:
Which theory be this?

Ask Loco or Peter grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:06pm On May 25, 2018

RabbiDoracle:
Is there public holiday on Monday and Tuesday?

https://www.officeholidays.com/countries/nigeria/index.php

Monday is childrens day celebration that suppose to be on Sunday 27th, shift to Monday 28th of May, public holidays only for secondary and primary schools students

But Tuesday is public holiday for Democratic day celebration.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:48pm On May 25, 2018

As we follow this forum, many monitoring agent will be following us ( at a time like this, you will start seeing new monikers, they are not new but defenders and agents), I believed in truth, and truth must be told. If after all this our warning you still want some people to confuse you in buying more to average down. You are on your own, stock is still going down the more.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:27pm On May 25, 2018*

https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

2019 elections: Capital market executives caution retail investors ON MAY 25, 20185:38 AMIN BUSINESS1 COMMENT By Peter Egwuatu

AS bearish sentiment persists in the Nigerian Stock Exchange, NSE, public and private sector executives in the capital market have indicated the need for discretion in investment decisions especially by retail investors.
The floor of Stock exchange Speaking against the backdrop of declining foreign investors’ interest in equities in the first quarter of 2018, Q1’18, Cowry Asset Management Limited has cautioned retail investors to be very careful in their investment decisions, especially in the build up to 2019 general elections. Chief Executive Officer, Cowry Asset Management, Mr. Johnson Chukwu, gave the advice as the guest speaker at the maiden national discourse, themed, “Portfolio Investments: Opportunities & Mounting Challenges for Nigerian Shareholders”, organized by Pragmatic Shareholders Association of Nigeria, PSAN, in Lagos.

He said the decline witnessed in Q1’18 was as a result of the shift from equities to fixed income securities by Foreign Portfolio Investors, FPIs, who have started exiting the market following the unstable macroeconomic environment. Chukwu stated: “The FPIs had taken their position in 2017 in the equities market and that was why we saw the 42% appreciation of the market, but in the Q1’18, FPIs invested $701.61 million in equity, $335.88 million in Bonds, $3.527 billion in money market, while total capital imports stood at $6.303 billion. “So the equity market was sluggish in Q1’18 as foreign investors began to repatriate their dividend and also put demand pressure in the foreign exchange market in response to declining yield on government securities.”

To this extent, Chukwu cautioned domestic retail investors to be careful in their investment decision on equities as the market is likely to record continuous drop given the challenging macroeconomic environment in the build up to general election. In his remark, Acting Director General, Securities and Exchange Commission, SEC, Ms Mary Uduk, who was represented by Mr. Effiong Ekpeyong, encouraged retail investors to embrace the Collective Investment Scheme, CIS, to diversify their investments. “Nigeria is a mono product economy as this has made the stock market very volatile. To this extent, retail investors need to spread their demand for stocks in various classes by patronizing mutual funds,” she noted.

Read more at: https://www.vanguardngr.com/2018/05/2019-elections-capital-market-executives-caution-retail-investors/

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:10pm On May 25, 2018

Mcy56:
Is it too early to say some stocks are reversing already? Uhmmmm, we keep watching.

Even if it reverses today, that means, they want to set another trap to cash another set of people, truly is not me and Loco they see, till election period. cool

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:06pm On May 25, 2018

https://politicsngr.com/just-pack-load-kano-youths-protest-president-buhari-video/

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:29am On May 25, 2018

Market is not smiling at all
If you are still inside, are you trying to average down, or you willingly want to downsize your capital?

What goes up must surely come down. The way market moves up in January, is the way the stocks are coming down.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:02am On May 25, 2018

Willie2015:
Protect your capital first and foremost !!!

Foreign investors in action, they don't want to be taking unaware, politician that needed money for both primary and general election are also pulling out to avoid lack of cash due to portfolio reduction, election Bear in action.

This is how MMM took their people unaware, many was planning to leave them by December while they close down by November.
Likewise in stock they know that very soon many will sell to hold on for election, so Foreign investors and politician decided to started early.

LOCODEMY and IHEDIORAMMA are ready and willing to welcome members who wishes to sell and face their business till after election.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:34am On May 25, 2018

mendes911:
A man will always see what he wishes to see. No need telling you otherwise.

Thanks for your understanding wink

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:25am On May 25, 2018

shigidi:
Sorry Chibu that's not correct. A stronger Naira pays the foreign investors as they can buy more $$. Don't expect a stronger Naira though

Sorry is not true, think again.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:24am On May 25, 2018

mendes911:
Your inference is wrong sir. If exchange rate drops from 360 to 190, they have made a killing (on commodities already within the country) without putting in any effort.

Remember what happened last, investors were selling stocks and leaving the country when exchange rate was pegged at N155 only to return back when it could at N400!

We are saying the same thing.
At #155 , economy was stabilize then, they reduce and look elsewhere, but at # 400, when exchanging dollar to naira the will buy more, remember that it was moving from #400, to #450, to #500 up to #600. They were still trooping in, but now the reverse is the case, from 600 to, 450, to 400, to #300+ and will still get to #200 +, with possibility of seen 100+, if crude oil continue improving.

If they did not take their gain with current dollar exchange to come back later, when will they take it.

To Nigerians, it a good thing, but to them bad.

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