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Chibuking81's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m):
Mcy56:
Zenith leading.
Still wonder why the bank remains under-valued despite the fantastic Y-O-Y profit turnouts. Yet there's big margin btw it's share price and GTB. smiley
Only the traders needs Zenith bank stock price at this period to skyrocket, but we the dividend investors like its current price, even at lower level to keep on increasing our holding. People have talk more on Access and UBA, the way I choose Zenith ahead of GTB, Fidelity ahead of FCMB, I also choose UBA ahead of Access bank. But when any of the preferable bank management ideology changes the second one can take over the higher percentage side. The banks mentioned are all good for investment.

I love companies with good history of high percentage return on investment (ROI) at their final year result, in this 2020 it is very likely that UBA will by far have high percentage return earning at their market price than Access, many companies always have audio EPs, that's why the auditors in the field with knowledge of what is going on, some times find it difficult to buy stocks.

Stock like Ucap and Afriprudential from UBA family, can be seen or classified as being in almost the same level of EPs with likes of Fidelity, FCMB, Caverton. But they are not met when it come to return on investment, even at their higher price above the comparing stocks, the both two still maintain higher return earning. Which is what an investor is looking for.

Jim Ovia of Zenith bank, Tony Elumelu of UBA group, Aliko Dangote of Dangote group, believed in returning good percentage earning to their investors, it will be good if Herbert Wigwe of Access bank, J. K.O. Agbaje of GTB, Nnamdi Okonkwo of Fidelity bank and Ladi Balogun of FCMB, discuss with their member of the executives to increases the percentage pay in their final for their investors to have good percentage return on investment.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:44am On Sep 08, 2020
https://dailypost.ng/2020/09/08/wike-bows-to-pressure-as-labour-suspends-strike/

NEWS
Wike bows to pressure, as labour suspends strikePublished on September 8, 2020 By Victor Azubuike

The Rivers State Governor, Nyesom Wike has conceded to the demands of the organized Labour in Nigeria over the welfare of public servants in the State.

The Nigeria Labour Congress, NLC and the Trade Union Congress, TUC, had in conjunction with allied unions planned a major demonstration against Wike’s government

The demonstration will be swiftly followed by a strike today, Tuesday 8th September, according to the NLC President Comrade Ayuba Wabba, and Comrade Quadri Olaleye of the TUC.

But on the eve of the protest the Rivers State Governor entered a closed-door meeting with the labour leaders where DAILY POST gathered that some agreements have been reached.

In a joint resolution signed by representatives of the Rivers State government and Labour, both parties agreed to sign the agreement on the implementation of the new National Minimum wage and consequential adjustments.

“The NLC Secretariat which was sealed for the correction of structural defects will be immediately unsealed while the government continues the correction work.

“The Rivers State government shall immediately commence the remittances of check-out dues and pay all the outstanding arrears to the respective Labour Unions.

NEWS: NDDC: Buhari told to freeze Commission's account over alleged spending spree, plot to loot
“Rivers State government commits to the payments of the salaries to the health workers due to the strike action of 2017.

“Organised Labour agrees to immediately suspend the planned protest scheduled for Tuesday September 8, 2020,” the agreement read.

Secretary to the State Government, Tammy Danagogo and Beatrice Itubu of the NLC who are the major signatories of the agreement also resolved to discontinue all litigations.

Failure of the Rivers State government to fully implement the payment of the National Minimum Wage, lack of promotion for civil servants, failure to pay backlog of arrears of pensioners and the sealing off of the Secretariat of NLC in Port Harcourt are some of the major demands of the organised labour in the State.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:06pm On Aug 29, 2020
1kinggy:
Hope you have some answers now.
OK, thanks.
We learn everyday, hope one day NSE will extend their branch to foreign investment, where one can use registered stockbroking firm in Nigeria to trade directly, since we are living in the world global village, the world without boundary.

Sometimes American with their visa problem might be a temporary set back in case of eventuality. It's more advantageous for those residing in America.
Thanks once again, for your response.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:38am On Aug 28, 2020
STNWAUME:
I'm a US resident and one need a Social Security Number to activate a trading account here but there are online trading platforms which have their offices in Nigeria and allows Nigerians to trade via their apps likes
Trove.
Chaka.
Bamboo and
Trading 212 which charges no buy or sell commission though based in United kingdom.

All that is required is a valid international passport and valid bank statement for prove of address..

You can direct further enquires to OAKPEARL and coys at the link below.

https://www.nairaland.com/5669161/us-stocks-pick-alert#86375851
OK thanks
What of question 1 and 3?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:13am On Aug 28, 2020
STNWAUME:
Baba wey mr market don show weeen since 1960. NSE is dead the way forward is NYSE

Don't be left behind join the US stock pick thread below and thank me later.

https://www.nairaland.com/5669161/us-stocks-pick-alert#86375851
My problem with distance online trading is that when the case that will involve physical presence of a customer to pursue his/her case, the country concern like America might deny him/her visa to visit. And those who might not have enough money to pursue their case might ended up being frustrated.
Please help me with answer to these questions.
1. What of in case of eventuality where the stockbroker folded, how can one in Nigeria transfer his/her share to another stockbroker in America?
2. In place like Nigeria that registrar will demand your bank confirmation of signature for your uploaded e-dividend to be approve, how will one in Nigeria investing in American get his/her e-dividend activate in registrar that reside in America, without him/her being physical present and without American residential address?
3. The stockbrokers platform uses to trade foreign stock from Nigeria, are the under which country government regulations like (SEC)?

Am asking to know, because we learn everyday, thanks in anticipation.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:08am On Aug 28, 2020
Good morning all
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:46pm On Aug 20, 2020
Willie2015:
My brother,
Zenith is a stock for the meek
For they shall inherit the earth
We the Zenith faithful, the dividend investors, like the Zenith movement for now, as we keep on investing. The higher the price move, the lesser the number of the share unit to purchase become.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 6:16pm On Aug 20, 2020
GamaG:
The Federation Account Allocation Committee has allocated the sum of N676.407 billion as federal allocation for the month of July, 2020.
https://economicconfidential.com/2020/08/faac-fg-states-and-lgcs-share-n676-407bn-for-july-2020/
Payment to come on or before Friday 28th August, 2020.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m):
@udebele check my attached folder file in my signature, for little analysis I made on share
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:49am On Aug 15, 2020
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:39pm On Aug 14, 2020
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:37pm On Aug 14, 2020
https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme
More about Ponzi Scheme and how to detect it
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves.

With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse.

Ponzi schemes are named after Charles Ponzi, who duped investors in the 1920s with a postage stamp speculation scheme.

Ponzi scheme “red flags”
Many Ponzi schemes share common characteristics. Look for these warning signs:

High returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any “guaranteed” investment opportunity.
Overly consistent returns. Investments tend to go up and down over time. Be skeptical about an investment that regularly generates positive returns regardless of overall market conditions.
Unregistered investments. Ponzi schemes typically involve investments that are not registered with the SEC or with state regulators. Registration is important because it provides investors with access to information about the company’s management, products, services, and finances.
Unlicensed sellers. Federal and state securities laws require investment professionals and firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.
Secretive, complex strategies. Avoid investments if you don’t understand them or can’t get complete information about them.
Issues with paperwork. Account statement errors may be a sign that funds are not being invested as promised.
Difficulty receiving payments. Be suspicious if you don’t receive a payment or have difficulty cashing out. Ponzi scheme promoters sometimes try to prevent participants from cashing out by offering even higher returns for staying put.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m):
pee30:
That MBA the security and exchange commission Label Ponzi is not the real MBA. Take your time and check their name, it is called MBA capital and investment company. What happen is that, all these Ponzi children copy their name and start up collecting peoples money. Stop deceiving people not to invest. If you call them scam that is for you. Which Ponzi scheme can stay since 2017 till date? If you have a special hatred for them please allow others to partake in it.
https://www.bellanaija.com/2018/10/efcc-investigating-brothers-over-n2bn-forex-scam/

https://www.dnb.com/business-directory/company-profiles.mba_forex_and_capital_investment_limited.086ff4f19571a2d63fef93b68223cbdb.html

https://www.mbatrades.com/about

They are all one and the same, check their address. Even if they are different, they still remain one and the same Ponzi scheme, without SEC regulation.

Whatever way, I see this organization as Ponzi, even if it has lasted for some years. I will never advice anyone to invest in it, because many will still fall victim one day. Most especially this period the awareness has becoming much. I know many of their faithful will come after this post. But I have done my part. It's purely modernize MMM.
Question
1. What business did MMM claimed to be into ?
Answer; social financial network
In 2015, MMM began operating in South Africa with the same business model as MMM-2011, claiming a "30% per month" return through a "social financial network". https://en.m.wikipedia.org/wiki/MMM_Global

2. What business did MBA claimed to be into ?
Answer; forex
MBA TRADING- (RC 1478221) This platform enables, investors to earn up to 15% ROI (return on investment) every 30 days.) https://www.linkedin.com/in/mbatradingcil/?originalSubdomain=ng

3. The MMM groups, are they still in Ponzi business?
Answer; yes (with modernize method)

If you are looking for a certified place to invest, a place that have government regulations through Securities and Exchange Commission (SEC) https://sec.gov.ng
( You can always call their contact to verified the organizations that are certified by them http://www.sec.gov.ng/Market_Relations/contact-us/ Telephone: +234 (0) 9462 1168)
1. Invest your money in Nigeria stock exchange market (NSE)
2. Invest in Nigeria treasure bill
4. Invest in Federal government bond
Or better still use your money for business.
Don't invest in Ponzi, (rob Peter to pay Paul) kind of business.

Meaning of Ponzi scheme
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme

https://nairametrics.com/2020/04/01/sec-discovers-12-ponzi-scheme-operators-warns-the-investing-public/
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 12:50pm On Aug 11, 2020
gold360:
so was MMM transparent till people eyes got clear.
I hope you know that this MBI thing isn't on Nigerian security exchange commission?
Keep playing with fire until its late.
Someone gives you such a high returns on your investment. Are they magicians?
Anyone with little knowledge of forex will tell you that investors loss and gain money.
How can a company sustain gaining money regularly to meet up such monthly payout to her investors?
Make I no talk again
https://nairametrics.com/2020/04/01/sec-discovers-12-ponzi-scheme-operators-warns-the-investing-public/
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 6:14am On Jul 30, 2020
https://dailypost.ng/2020/07/29/breaking-nigerian-govt-announces-neco-ncee-nabteb-exam-dates/

EDUCATIONBREAKING: Nigerian govt announces NECO, NCEE, NABTEB exam datesPublished on July 29, 2020 By Wale Odunsi

The Federal Government says the Senior Secondary School Certificate Examinations (SSCE) organised by the National Examination Council (NECO) for SS3 pupils will commence on October 5.

The examination will end on November 18, 2020.

Also, National Business and Technical Examination Board (NABTEB) examinations will start on September 21.

It will end on October 15, 2020.

Emeka Nwajiuba, Minister of State for Education, announced the dates at the end of a two-day meeting with Chief Executives of examination bodies.

Director of Press and Public Relations, Federal Ministry of Education (FMoE), Ben Goong, made the announcement.

Furthermore, the National Common Entrance Examination (NCEE) into Unity Colleges will hold on October 17, 2020.

NEWS: Eid-el-Kabir: FRSC deploys 1,250 personnel to Kogi, warns drivers, passengers
The Basic Education Certificate Examinations, (BECE) for JSS 3 pupils also conducted by NECO, will start on August 24 and end on September 7, 2020.

However, registration for the NECO (SSCE), which is on-going, will end on the 10 of September, 2020 with no option of extension.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 10:46am On Jul 27, 2020
Access has responded
Investment › Re: Nigerian Stock Exchange: Stock Recommendations For Week Ending 31July2020 by Chibuking81(m): 8:06am On Jul 27, 2020
That's nice
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m):
RabbiDoracle:
grin grin grin

Na reverse indicator of what he says.
Read my post very well before commenting, I never reverse what I said, my opinion still stand, but only say that is my personal opinion which might come true or may not, and not a challenge or competition. Most of my comments, check them very well, I used the word "likely, might and may". I.e probably. The Free Dictionary by farlex, defined probable as "likely to be or to happen but not necessarily so"
https://www.thefreedictionary.com/probable

I think, I will end this topic here, no further comments on it before it becomes a child play.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 10:39pm On Jul 25, 2020
Purity001:
People will soon cry.
A friend told me how the money she invested to use for payment of her ongoing Master degree program disappear in such investment during this pandemic period. I don't believe in some investment. Any investment without government regulations doesn't worth it. You can invest in federal government bond, Nigeria stock exchange, treasure bill. These are safest investment that has government regulations.
For those interested can follow this nairaland trend while investing in NSE. You can always ask question with a positive answer in return. https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5894
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m):
leo1234:
Chibuking is an easy going man but he no dey hear word
grin grin grin

What he said was very okay but that does not justify his previous posts that was based on mere wishful thinking.
I hope he will not come with school fees bonanza this September cheesy
grin grin grin grin
We are one family of investors. The truth is that as one advance in age he drop some certain things as maturity set in. Most of things we said is what we feel based on what around us, which will guide our investment decision, some might come to pass while some might fail.
Am seeing everyone here as partner in progress that's why I have chose in life not to pick fight with anyone, but always to pursue peace with all people as Bible tells us to do.
We are here to help one another, this days I have reduces the number of my post, only to show face when I feel I can help.
I have been in stock investment for more than a decade, has experience both the ugly and good side of it.
With wealth of experience through practical participation, has bring a lot of people into investing in NSE, because through my experience, I perfectly understand, that NSE is one of the most safest place to invest in Nigeria, if not number one.
So friends, let no one see my post as a challenge or competition, but to see it just as a personal view, through my research/observation which might come true or might not come true. But never intended to monkey Hunt or mislead.
One more thanks, I will appreciate if unguided comments/ abusive language can be set aside. We can always correct without insult, because no one is perfect, we all make mistakes at one point or the other, and we all learn every day.
Thanks for your understand, one love.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:46pm On Jul 25, 2020
RabbiDoracle:
I checked the receivables to know if they just gave out goods without collecting money thus increasing the revenue. So I expected a bloated receivable but didn't see any.

Then cashflow from operations was positive and better than the previous period.

Wonderful result so far.

Same wuth Aliko's Cement.

Chibuking come and see result o grin grin
grin grin grin grin
Leave this Chibuking alone, am interested in more amount of share to buy at lower price, that will enable me receive huge dividend, if possible always get back my initial invested capital in 6 years, if my entry price qualifies me to get 16%/18% percent of earning per annum in one stock.

I don't believed much in jijo, but focus heavily in investment, when a company price moves up only few amount of share can be acquire, but at low price much will acquire.

Most oil company will be good for investment now because more share will be acquire for future use, company like Seplat, Total, Eterna, Conoil, Ardova Plc, Company like Caverton, there lies the principle of be greedy when others are fearful, and fearful when others are greedy.

For an investors, every action in stock exchange is win win, if the stock moves up, he gain through capital appreciation, when stock enter bonanza he also win by buying more amount of share with the same money that would have get him lower amount of share at its high price.

That's why buying sound fundamental stock with good history of dividend payment at lower price, is more preferable for an investors, who investment monthly or at intervals.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:46pm On Jul 24, 2020
MonsieurCoder:
DrAwo
Rabbidoracle
Ukay2
Mcy56
Emmanuelewumi

@everyone

Please, what do you think about these stocks at their current market prices for a long term (5 to 10 years+) investor who hopes to reinvest earned dividends over time?

Dangote Cement
Dangote Sugar
Julius Berger
Nestle
Nigeria Brewries
GTBANK, Zenith, UBA, Stanbic IBTC
CUTIX
BUA CEMENT
LAFARGE AFRICA
MTNN
FLOURMILLS

Also, any other recommendations (dividend paying stocks) will be really appreciated.
The stocks mention are good for investment purpose.
For me I prefer the following ahead of others based on high percentage of dividend return earning per share going by their current price and performance.
1. ZENITH bank
2. UBA
3. Africa prudential
4. UCAP
5. Dangote Cement
6. Dangote Sugar
7. Julius Berger
8. CUTIX
9. VITA FOAM
10. GTB

The first four, I.e Zenith, Afriprudent, UCAP, and UBA have between 16/18% earning, meaning that one initial invested capital will return back in 6 years through dividend payment, if maintained their recent dividend.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:27pm On Jul 23, 2020
RabbiDoracle:
And Chibi ike (plastic spoon) said banks will have worst EPS. grin grin tongue
Always quote the post to avoid posting out of bias. I said and still maintain that most likely Nigeria banks 2020 q2 EPs will be at negative side compare with their 2019 q2 EPS. My statement have not changed understand the statement before quoting.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:56am On Jul 21, 2020
Apraise:
Payment will be on or before Friday because the date for the meeting was 16 July 2020
https://www.vanguardngr.com/2020/07/fg-others-share-n651-184bn-for-june-2020/

https://punchng.com/fg-states-lgs-share-n651-18bn-for-june/

I was calculating based on the days it was reported being 19th of July, 2020. Which 7/8 days after it fall between Sunday 26th /Monday 27th July 2020.
Bank mostly commence payment on Tuesday because they are always very busy on Monday being the first working day of the week. Then if actually it was shared on 16th July, that means its 7/8 days will fall between Thursday 21st July and Friday 22nd July, 2020. Which is still OK.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:08am On Jul 20, 2020
temple4real:
FG, States, LGAs Share N651bn As June 2020 Allocation
Channels Television
Updated July 19, 2020

File photo






Nigeria’s three federating units and other relevant agencies have shared 651.184 billion as allocation for June 2020, according to the the Federation Account Allocation Committee (FAAC).

This was contained in a statement from the FAAC Director of Information, Press and Public Relations, Henshaw Ogubike.

According to the statement, the decision followed FAAC’s monthly meeting for July 2020 which was held virtually and chaired by the Accountant General of the Federation, Ahmed Idris.

“The gross statutory revenue available in June 2020 was N524.526 billion; the gross revenue from the Value Added Tax (VAT) was N128.826 billion and the revenue from the Exchange Gain was N42.832 billion,” the statement said.

“This brought the total revenue for the month to N696.184 billion. From this total, the sum of N45 billion was saved in the Excess Non-Oil Revenue Account and the balance of N651.184 billion was shared to the three tiers of government and relevant agencies.”

According to FAAC, “the balance in the Excess Crude Account (ECA) as at 16th July, 2020 was $72.407 million, explaining that the gross statutory revenue of N524.525 billion available in June was higher than the N413.953 billion received in the previous month by N110.573 billion.”

It also added that the gross revenue of N128.826 billion available from the Value Added Tax (VAT) was higher than the N103.873 billion in the previous month by N24.953 billion.

The statement noted that from the total revenue, the Federal Government received N266.131 billion, the State Governments received N185.774 billion, and the Local Government Councils received N138.974 billion.

Furthermore, the oil producing states got N28.496 billion as 13% derivation revenue, N76.809 billion was given to revenue / Relevant Agencies as follows:
Cost of collection…..24.047,
Transfer to NEDC…..3.865
PTF….3.897

Transfer to Excess non oil…..45.000
TOTAL……76.809.

It equally said the Federal Government got N227.584 billion from the gross statutory revenue, the State Governments received N115.434 billion and the Local Government Councils had N88.995 billion.

N24.722 billion was given to the relevant States as 13% derivation revenue, also.

The Federal Government got N17.971 billion from the Value Added Tax (VAT) revenue, the State Governments received N59.904 billion, the Local Government Councils had N41.933 billion, and the revenue/ Relevant Agencies received ,5.153 as cost of collection and 3.865 transferred to NEDC , amounting to N9.018 billion, the statement added.

Similarly, FAAC said the Federal Government received N20.576 billion, the State Governments had N10.436 billion, the Local Government Councils got N8.046 billion and the oil producing states received N3.774 billion from the Exchange Gain revenue.

In June 2020, Import and Excise Duty, Value Added Tax, Companies Income Tax, Oil and Gas Royalty reported major rises just as Petroleum Profit Tax declined.
https://punchng.com/fg-states-lgs-share-n651-18bn-for-june
Payment will be made on or before Tuesday next week, 28th of July 2020.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:57am On Jul 18, 2020
https://www.thisdaylive.com
COVID-19: WAEC Bows to Nigeria, Shifts Examination
editorJuly 18, 2020 4:17 Am
•Schools get July 29 deadline to ready facilities for resumption
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:03pm On Jul 17, 2020
phoinix:
We have established that it is profitable in certain markets, the question is are you skillful enough to trade in this way?
Most times jijo group vomit times two of what have swallow earlier.

https://m.ng.investing.com/equities/eti-historical-data
On the above link edit eti and put any stock you want to investigate their daily/weekly movement. One will find out that most stocks are seriously heading South technically.

https://m.ng.investing.com/equities/
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:58pm On Jul 17, 2020
anjilgreat:
Morgan Capital Total
Buy charge = 0.875%
Sell charge = 1.175%
This 2.05% , but I have practically calculated their charge, and it was around 2.2%.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:49pm On Jul 17, 2020
phoinix:
Not true, for MorganCapital a complete round of buying and selling will set you back 2%, with 4% I am effectively sharing my profit in two. Do you still want proof?
Morgan capital approximately buying and sell,everything put together is about 2.2%. Meaning with 4% you gain is about 1.80% not bad, but one with that strategy can jump in only to gain but ended up loosing 4% all together with the brokers including commission. Technically serious offload is going in the market, take a close look at ETI and almost all the stock. Those concern the big Cap are offloading, and it's a sign to be conscious of.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:02pm On Jul 16, 2020
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:10am On Jul 16, 2020
No one is against unbundle of UACN, but I feel that with their current price they have price in with their unbundling news, their price need to lower to #4 to pick some other passengers, who will be willing to wait till December or next year when the unbundle news will materialize. Take for instance you are in the unbundle vehicle @ # 7 and Zenith bank visit #12 and UBA visit #4.80, UCAP visit #2 Dangote cement below #100 and you still tell me to keep on balancing well in unbundle motor at #7. As other vehicle are changing gear, they also need to Change gear.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:12pm On Jul 15, 2020
Tvegas:
Lol, I thought you advised people to enter and alight at KM 12. It's always a risky strategy investing on hope. Uchetoba come and see your people.
grin grin grin grin
It's a strategy, another date will be fix.
Good luck to those in the unbundling vehicle.

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