God's hand is in this rally

Its good to drive against traffic

chillykelly86:
On a very serious note, any uptick should be an opportunity to sell down because the days ahead look darker not to talk of the approaching Q1 result season.
We can buy more later when the coast is clearer. That's my conviction now.

Tactical withdrawal activated for strategic re-positioning to a defensive posture and ambush-style attack.

aremso:



my advice is that no newbie should put head now ooooo

Why would anybody, newbie or oldie, be looking to buy now? If you must buy, wait for a pullback please(if any). Now is time to carefully observe for suitable exits, for those who are in the market and want to buy lower later(if lower comes).

On a very serious note, any uptick should be an opportunity to sell down because the days ahead look darker not to talk of the approaching Q1 result season.
We can buy more later when the coast is clearer. That's my conviction now.

mendes911:


If not for one thing, this would have been a strong reversal point....

That one thing is Corolla LE

mendes911:


You don't know the value of an "E" until you make an "F" after an exam!

You people are using us that are in the market to showcase your proverbs-skills and idioms-skills abi? Isorait

Mcy56:

Yes. We never expect corolla. Just thought it will be normal market downturn.
Similar thing happened last year too, reason I'm adding one plus one together.

Sister Mercy, abeg no come make me dey fear to enter my car oo. You're the second person calling this thing Corolla

Lion123:


The best would be if it gets to N6

There will always be something better

Kashif:


But there is no way an entire country will be catching coronavirus. I get your point, but like in every economic crisis, propaganda or mildly put, information, is always key. Before you know it, everybody catches the diluted or exaggerated media view, effectively programming the mind.

During the 2008 crisis, Most businesses just went into limbo because they were programmed to believe the world was coming to an end. People were just sitting on their cash - nobody was willing to spend because nobody was spending. Everybody caught the bug!

There is a lot of fear in the air right now, and it is not doing anybody any good. That same fear is the reason somebody will be willing to pay 500% more for a hand sanitizer! Same reason you see people walking about with surgical masks, which have been proven to be useless. An Italian (who is most likely to pull through the infection) enters with symptoms, and the country goes hysterical. Is that the way to manage crisis? During ebola, propagandists made people believe that drinking salt and bathing with same was a sure cure. In a week in Enugu, many traders abandoned their trades and became instant salt merchants. The result? Excessive salt intake killed more people than ebola itself!

The current virus sure has economic effect, but it is not as bad as most think. I am more realistic than optimistic, because we have all seen it before, again and again. This too, shall pass sooner than we expect!

Oga, you need to be more realistic than this oo.

First of all, the major issue with this outbreak bothers on its contagion. Currently, its estimated that every 1 person who is infected infects two to three people. This is made more complicated with emerging facts that people become contagious before showing symptoms. These majorly(highlighting the difficulty to contain the virus) are the reasons governments around the world are taking drastic measures.

The measures taken by several governments around the world to guard against the outbreak or further spread of COVID-19 within their borders (which are not excessive in my opinion, compared with battling a full blown outbreak like China is and recently some other countries (South Korea, Italy, Iran) are doing) are the real drivers of negative impact on the global economy.

And should the outbreak get into pandemic proportions, it will get worse. The best news, in that instance in particular, naturally speaking, would be either or both of invention/discovery of a cure or vaccine.

Over 75% of my stock market fund is invested in the market but that will not mean I won't say the truth when I see it.

jamace:


"Our greatest enemy right now is not the virus itself. It's fear, rumours and stigma. And our greatest assets are facts, reason and solidarity"
.....Dr Tedros Adhanom Ghebreyesus (WHO Director- General)

BARGAIN HUNTERS, TAKE NOTE.

@bolded

Audacius:


Thanks. I re-submitted. I don’t know which worked but I now receive for UCAP. Access still proves not easy to process.

UCAP is Afriprud. Access is United Securities; I know I processed that signature specimen with my stockbroker about a month-2 months before processing the e-dividend with GTBank and it worked. Whether the signature specimen had anything to do with it, I can not tell

RabbiDoracle:


So you expected someone with money to hold it from August 2019 (GTB at 24+) despite GTB hitting 33 in January 2020?

VWAP or whatever you call it will miss some peaks that could have given you good profits.

You forgot he gave a 6-week timeline.

Audacius:


Also still waiting on United Securities. A problem with these registrars is how they don’t usually give feedback unless you pester them. In the days of paper communication, I recall First Registrars will send you a paper where they tick what the problem is so you know what to do. This feedback issue is one reason I think e-dividends keep piling.

I just stumbled on this; I hope you have sorted it out? I did mine through GTBank and it worked. To my surprise, I had outstanding dividends from Red Star Express since around 2007-09!

Mcy56:
UBA back to 6.80. Chai!! 50kobo gain in just few hours..................
When people see opportunity, they still run...............
Zenith on its way back to N19 from 17.20 or thereabout...............

When those that picked Zee at 17.20 are selling at 18.50, some will still think they're selling at loss. I hope we can all see the low prices now.
Anyway, still hold your cash if you're with fund. The lion hearted are trading now, e go still reach your fear fear turn.

I was able to cherry-pick mostly at the lowest price for the day. Unfortunately, I was 10k unlucky with Zenith today.

Tomorrow is another day; nothing says they cannot go lower than they did today.

DeRuggedProf:


Your WAPCO is waiting for you......

I read the first case of Coronavirus in Nigeria is a consultant to Lafarge and that he visited the company in Ogun before taking ill. And there are plans to quarantine the factory. This will not be good for the company

CashDiMkpa:


There is no cause and effect relationship there.

There obviously is Sir. FPI's response to news is more civilized and rational than local investors' response; I think we all can agree to that.

And many times, local investors response can be termed "overreaction".

Personally, I think this 10% limit on price rise and fall on NSE is good, else there will be massive fluctuations at times like this(and accompanied massive wealth transfers or more like wealth concentration).

GTB has touched #23.80k; my passenger there just got picked.

Let's see how far south we can go tomorrow...

mendes911:


Year low abi 52 weeks new low?

Yea, this is what I meant "1 year low/52-weeks' low"

List of Companies with offers but no bids growing:

AIICO
Fidelity
NAHCO


Please add anyone you identify so that we can check them out whether they fit our bill. Abeg, no add dead or zombie stocks oo

GTBank already trading intra-day at a year low of 24.55

jamace:
Is it not better to update your will? No one survives corona virus o.

On the contrary, many more people have already recovered from the COVID-19. That aspect is actually under-reported. In China alone, I think over 10,000 have recovered.

Na wa oo. To read post again, one needs to be checking dictionary upandan. What's this world turning into sef?

DeRuggedProf:
The vindictive fumigation brazenly expressed on our elders here yesterday, purportedly engineered by a money doubling inspired investment chameleon is unnecessary.
Who engages in a football competition without goal posts and a referee?
A review of how certain processes are carried out by either a bot here is necessary to mask the banalisation and eventual maladjustment of a very veritable orb of productive mental diffusion, a core light point of this forum.
Perhaps it is time to clinically microscope this bot, who knows if it recently got updated from WUHAN.
Let all gamblers relocate to a 'safe' betting site and save us the adrenaline spillage their familiar spirits are oozing out here.
If you don't hear from me after this post, check me @ BOT headquarters, I may likely be undergoing intensive questioning there.
Fluidity is the life saving ludicrous gesture of the beach palm trees, ADAPT or be BROKEN...............

emmanuelewumi:



I am now expecting between 85k and 95k final dividend.

Although N1.00 dividend won't be bad.

UBA will pay higher than what Afriprud declared

I'm suspecting a higher dividend payout from UBA too. From the precedent of UCAP & Afriprud, it appears Boss Tony needs some cash.

I'm seeing something that may look like a trend(not certain yet) of the indigenous big boys of the banks divesting. Are they seeing better opportunities elsewhere?

Thank God you asked before making that move. I will advise you look at companies with better records and pedigree, IF YOU MUST INVEST NOW. Its all your decision though.

MoneyMakingOppo:


Japaul. What do you think?

sellydion:
https://www.investing.com/news/stock-market-news/dow-nosedives-900-points-at-open-as-pandemic-fears-spur-mass-selling-2092310

Its glaring... Local investors may shut their eyes to what's happening on the global stage but foreign investors won't. And as long as they hold a sizeable percentage of stocks on NSE, when they sneeze, NSE catches cold.

Let's trust that good news around this outbreak will come forth soon

On the 2019 dividends, the newly passed finance bill says dividends should not be taxed as it will amount to double taxation since the company has already paid tax, if I'm not mistaken.

My question: Will these dividends be taxed since they are for 2019 year end(before the implementation of the Finance Bill) or not(since they will be paid after the implementation date of the Finance Bill of 1st February, 2020)? Abeg, those in the know should help our ignorance...

Bros, you may need to crosscheck your data and facts on the spread. It may be going down in China but its picking up in multiple other countries, especially South Korea, Italy, Japan, Iran which is very worrisome. Several countries, especially in the Middle East, which did not have cases before now have also reported cases...

I am not sounding any false alarm here. All the updates are on major news outlets online.

https://www.aljazeera.com/news/2020/02/cloneofchina-coronavirus-outbreak-latest-updates-200223232154013.html

https://www.nytimes.com/2020/02/24/world/asia/china-coronavirus.html


Everyone who knows or believes that the direction of this outbreak will affect the global economy which will affect Nigerian economy directly or indirectly (through its impact on oil prices and revenues), will love to stay abreast of the FACTS. I'm still invested in the market but I'm uneasy.

onegentleguy:
For days I've waited in vein for our bear gang fellows to update us.
...its been 2 days since 3 different drugs were declared effective in the fight against COVID-19(also known as Coronavirus)

1) REMDESIVIR; an antiretroviral drug developed by Gilead sciences... a biotechnology coy quoted on the US stock exchange(nasdaq)
2) FAVILAVIR; another antiretroviral drug from Zhejiang Hisun Pharmaceuticals in China.
AND
3) CHLOROQUINE PHOSPHATE.(yes, the one u know)

The 1st 2 have already been approved and certified effective with treating the virus.
...with levels of spread and the contagion now decelerating and records of treatment increasing.

https://www.nature.com/articles/s41422-020-0282-0

https://www.upi.com/Health_News/2020/02/17/China-approves-antiviral-favilavir-to-treat-coronavirus/5291581953892/

Elsewhere, oil price(brent), which formed another of the bear outcry has since gone up ahead of the budget benchmark to near $58/barrel.

Fortunately, Chief Peter, Rabbidoracle and their fellow bear gang were kind enough to keep us abreast when the chips were down.
Unfortunately though, they have refused to update us with the latest of developments at this time.
...just wait until u see any drawback with these information and I bet u will hear from them !!
I love those guys.

As one of my fav musician(Phill Collins) sang; "We always need to hear both sides of the story"

Btw, there might be something to make of this post for those who play the foriegn equity market space.
...maybe VALUE can be taped in some unfamiliar sectoral lines in certain countries.

Selah

OakPearl:


Dear Ibrahim505,
You can trade real US stocks using any of the following android apps:
1. Trove
2. Chaka
3. Bamboo.

I use Trove and have no reason to switch just yet.

As a Nigerian citizen?

News filtering out of China suggests the govt is open to/considering/permitting some factories to re-open, especially in provinces least affected. This sends a signal that the govt is satisfied that the epidemic is getting under control/is being contained in Hubei province/its spread halted in a good number of provinces. Recently, a moderation is being noted in the number of new confirmed cases.
Markets, crude and stocks, are already reacting positively as this, though it doesn't solve the coronavirus epidemic, sheds off a good volume of uncertainty surrounding the potential impact of the epidemic to the global economy.

Closer home, if this is the beginning of the waning of the tide of the epidemic, then we may not expect further bearish days. At the same time, except dividend-laden results announcements come to the rescue, we may not also experience a bull ride because of our almost usual overhang of caution.

#MyOpinion

konklushun:


Please how do I go about buying shares of UPDC REIT

With Lead Capital, I could place an order online, just like any other equity, by myself and it was executed.

bigjay01:


They wrote back over #40Bn for the year ?

I can't wait to off load my kaya (if this is true). Been carrying 280k units!

Waooo

Let's recall that someone pointed to Wigwe trying to sweeten a certain rig sale deal with a yard seized from Japaul. In other words, the write-off is not ordinary write-off but likely accompanied by asset seizure(s). So, this write back in Japaul's accounts will likely have some corresponding drawdown in their ASSETS column.

Bottom line: If you are trapped and this moves the price, find a good exit point and off-load.