₦airaland Forum

Me sef thought I missed something

elpaso007:
Trying to decode what this emoji means.

Anything on the horizon to look out for?

HBM dey do like ogbanje. Just when you think it wants to give you small road, e go trade sideways or shoot up. Anyway, shebi your average cost na N30? You no need fear. Even if you raise am to N100, you are still stunningly profitable

Streetinvestor2:
You are right it may make low prices not reachable again but we buy anytime we see cash.As we can not time the market or stop investing. I saw what was happening with wapco yesterday .
I had wished it remained low throughout this month but it is showing different move

Capitas7:
Is the trading of NASDAQ, S&P500 and stocks listed on other foreign markets now available through Meristem?
If so, this is great news!

Mandate form to buy stocks is weird. Why not just put the stocks on their app so you can buy it yourself like on Bamboo, Hisa and Vest?

I am fine with 30-35% per year on average. Anything that equates to 15%+ in dollars is more than fine with me. I am not greedy .

I suspect some will run higher on average over the long term though.

princejayy:
What do you think is the upward trajectory on those stocks?

My bank account is almost clean because I was buying during the dip..but since I don't intend to sell my stocks this December and buy cow, I would prefer the dip stays a bit longer. If you check, that's what I've been saying all through even while accumulating MTN, HBM, Fidson and TIP. unfortunately, I no be Otedola pikin so I can only hope the dip remains until them pay me salary so I can buy more. As aI day, I am Ok with red days till December.

yMcy56:
All the dips we've been experiencing since June to August ending is not enough? 😳

Some people will just not buy anything whatever the situation of the market...
When they see bear they run, when bull comes they run.....
If it starts dipping, you'll still pick race....😊

Seems we have entered September. I pray for a big market dip before the FTSE Russell thing takes effect because this may be the last time we see these prices in a while

Last time it dipped badly on the LSE (480p), I was very low on funds so couldn't buy much. My average is now 5.30p sha. I see 1000p (10 pound) in another year. Will keep accumulating when I can

PETERiCHY:
Yes SEPLAT is setting up a STAGE for a RALLY in OIL & GAS sector.

BARGAIN HUNTERS TAKE NOTE!

When I have money, I dey buy small small. Don't want to start chasing a racing market since I can't time it. Thank God I recently had some good dividends (HBM, Presco and soon MTN). All straight back into the market with almost daily buying.

GeeKudi:
The market appears to be gearing up for a recovery. Is it time to start buying yet?

Ourown:
Finally, my allotted share has been credited to my CSCs account. Thanks very much for your help! Do you think I can get the last dividends, or e don go?

You are welcome. E don go.

I don’t understand this ‘earnings from $15k’ to fund anything. What earnings? If an American has a total networth of 15k, without their famous access to credit, they may be living on the streets. Maybe -5k will go a long way if you’re living in rural Massachusetts, but in any urban city, you can’t pay rent and buy food on that without having a flatmate.

If you have N20m in many Nigeria states, you can live for three years. Millions of Nigerian workers earn less than 3m a year in total. At that level, 20m will cover rent and food and utilities for years. Infact, it can build you a house.

chimex38:
$15k can give you decent economic comfort, access to amenities and welfare and quality standard of living. One can fund such basics with average monthly earnings from the $15k. Worst case slight borrowing without trying to break the bank(steal,etc)

20m cant give you such standard economic benefit. You will have to keep finding ways to keep earning 20m every now-and-then to both own and maintain-your own economic benefits and welfare packages to level up on same standard of living because even the average monthly earnings from the 20m won't be enough to both maintain and buy your personal welfare packages....
leading to HBP, stealing, cut-corners, etc...

Summary is, 20m looks reasonable in the short-run but not sustainable in the long-run cuz
1) reduced purchasing power
2) 20m earnings might not be sustainable. Might just be a one-off hit for the average earner in Nigeria.

I am very sorry that I forgot to thank you for this detailed breakdown. You are much appreciated.

chimex38:
You misunderstood me.
Thats not what I mean.

I Mean minimum step(ticker size) are steps in which investors can place their orders that are acceptable by the exchange. Otherwise such buy/sell order won't go through.


Currently, stocks below ₦5 usually have a minimum step(tickersize) of ₦0.01(1kobo) and still do with the new rule..

While Stocks above from ₦5 (for a minimum of 6months) and upto and including ₦99 currently have a ticker increment or decrease by ₦0.05(5kobo) on the offer and Bid table.

From ₦100 and above stocks currently have minimum step of ₦0.1(10kobo).

Using UCAP as an example,
UCAP closed at 17.95.
As per currently qualifying rule(₦0.05; 5kobo), it's Bid/offer table would look like this:

1)17.50
2)17.55
3)17.60
4)17.65
5)17.70
6)17.75
7)17.80
17.85
9)17.90
0)17.95
1)18.00
2)18.05
3)18.10
4)18.15
5)18.20
6)18.25
7)18.30
18.35
9)18.40

Notice Each minimum step increases/decreases by 0.05

increment step- for Top10:
17.95----->18.40
Decrement step-Top10:
17.5--->17.95

NEW RULE
UCAP(0.01;10kobo)
1)17.86
2)17.87
3)17.88
4)17.89
5)17.90
6)17.91
7)17.92
17.93
9)17.94
0)17.95
1)17.96
2)17.97
3)17.98
4)17.99
5)18.00
6)18.01
7)18.02
18.03
9)18.04

New rule, Notice Each minimum step increases/decreases by 0.01(1kobo)

increment step-Top10:
17.95----->18.04
Decrement step-Top10:
17.86----->17.95


Furthermore, Stocks above ₦100 till ₦499 which has been operating with 10kobo step have now been reduced drastically to 1kobo step.
Stocks like GTCO, NASCON, HBM, etc will feel it the most..
They've all been relegated from a premium tiered stock operating at 10kobo to the lowest tier stocks now operating at 1kobo..
All thanks to inflation and currency devaluation.




If GTCO closed at 128.5
Current rule
It's bid/offer table would be like:
.......
......
.....
....
1)128.1
2)128.2
3)128.3
4)128.4
[b128.5[/b]
4)128.6
5)128.7
6)128.8
7)128.9
129
.......
.......

Notice Each bid/offer table increases/decreases by 0.1.

Top 5 minimum increment from closing price:
128.5--->129
Top 5 minimum decrease from closing price:
128.5----->128.1


Accordingly, You can't place a bid/offer of 128.22,128.24, 128.25, 128.29,128.43, etc..
It won't even register on the exchange table.



NEW RULE SAYS NO MORE
0.05❌ for stocks between ₦5 and ₦99(including 99) as well as NO MORE
0.1❌ for stocks from ₦100 and ₦499(including 499)
It's now down to 0.01✅

GTCO bid/offer table now becomes
..........
.....
.....
1)128.45
2)128.46
3)128.47
4)128.48
5)128.49
6)128.5
7)128.51
128.52
9)128.53
10)128.54
11)128.55

Notice Each bid/offer table now increases/decreases by 0.01.(that's the minimum step)

From the closing price,
Top 5 increments that can be placed on the exchange above will now range from 128.5----->128.55.
Bottom 5 becomes
128.5----->128.45
If implemented, one can now place a bid of 128.22,128.24, 128.43, etc on GTCO .. Which was not previously possible.


Thats why I said it will create a sluggish upside/downside movement depending on stock trajectory especially for those between ₦100-₦499.

stocks from 500-999 equally now have a bid/offer ticker size of ₦0.05 from ₦0.1.

Only those from ₦1000 remain unchanged.
Still stands at ₦0.1(10kobo)

Why won't it happen? He has already filed and even gotten underwriters for about $400m of the sum. Current news says the IPO will end in Oct, so I assume Sept/Early October. I'm working with publicly available information.

Agbalowomeri:
Una postulation too much. IPO that has continually shifted since last year. E no go happen again this year

I believe the Dangote IPO story. Market will. be suppressed for a while. Institutions HAVE to buy the IPO to track the NGX, so it makes sense that they hold some money back or sell off some positions this midyear so they both buy the IPO and recalibrate when the shares have settled

Oasisblue:
I have heard so many theories: from T1settling scaring off FPI, to FG bonds rate becoming more attractive than NGX to people selling off their stocks to hold the cash for Dang Refinery IPO, to politicians selling off their stocks to invest in 2027 elections, etc

I dont know what to believe, It was most shocking to me when UACN(?) posted record revenue and profits and the market reacted by the stock price dropping.

EDIT: It just dipped to 1280

Ocallen:
Some people are damn happy.

It’s a great company. I would love to add more but it’s already 23% of my portfolio at N807 average cost.

I no fear o. They can reduce cement to 8k and still make money. I wish they could hold them liable and fine them tens of billions

SmartInsure:
Cement Hit ₦15,000. Now FCCPC Is Asking the Question Investors Fear

https://naijaticker.com/news/naijaticker/cement-hit-n15000-now-fccpc-is-asking-the-question-investors-fear?utm_source=nairaland&utm_medium=referral&utm_content=thread

MTN exdiv date is this Friday, Aug 20

Agbalowomeri:
We are waiting @50

Ourown:
I got a response back from that they are looking into it. It sounds promising; hopefully it's sorted soon. Thanks alot

You’re welcome! After 10days, disturb them again.

chimex38:
this is the link
https://businessday.ng/life/article/price-without-noise-what-the-ngxs-new-trading-rules-mean-for-investors-and-the-market/

Beautifully written. Thanks.

Please help me understand how it currently works.

If a stock is N100, I can’t raise the the price by 10% by acquiring 100,000 units at 110? I have to first alstart at N100.05?

chimex38:
Tick size might have an effect.

Majority of stocks reside above ₦5 and below ₦500.
The usuall increment or decrease is ₦0.05(5kobo)

Now it's ₦0.01(1kobo).

much more pronounced sluggish rise and sluggish dip depending on the stock movements.

lawani:
Any rule can hold if the market operator decides it is good for the market. You can invite private placements without being profitable and then do an IPO after showing profitability in even six months. It isn't a bad rule. HNIs and institutional investors can join the private placement after checking very well while the general public go in only when profitability has been demonstrated

What kind of handholding is this one? If only profitable companies can enter market, it would be a very very weak/thin/underpopulated market. You have also now given incentives for people to do financial magomago to meet up with the requirements. Retail traders are poor, not stupid, if they want to buy an unprofitable company, that’s their concern. That’s why it’s called a market.

ojeysky:
Monday it is, lots of stocks that are stuck will either dip or gain

I’m guessing Presco will see a big dip, and Aradel not so much.

God, from my mouth to your ears o. Make me see day chop roasted goat meat dry collect dividends in the 100s of millions. People wey dey do am no get two heads.

Streetinvestor2:
Be calming down now.Just 2 million units of it can deliver that @ #20 dividend. I done dey old.i need to retire like Peter from other active hustle by 2030. So I have target of 100 m and above for dividend from portfolio investment so I can be drinking palm wine i and bush meat steady as I do village meetings.I no get plan to retire to any island out side naija whr my bills will be in dollars. I only ask God to give me grace of good health with madam. I have achieved my own succes be dat.

Nice. I currently hold only nine stocks. I hope to never pass 10 in the long run. My HBM average is about N250 now. Started buying at 147. Then the most I was hoping for was to get to N 200 within one year, but see God

Streetinvestor2:
The only good thing this government has done based on my street sense to my portfolio
As they borrow like crazy to loot.They are looting it via dubious and over bloated Road construction. So I reasoned say na time for cement companies to hammer as the ministry keep hammering on concrete roads as the new discovery. I decided to start rebalancing towards that stock At long run my major holdings is going to be wapco, sugar and Oando..I will end up having only 10 stocks on ngx by next yr rebalancing
I wait to see what oando will become in 2030 too as sure bet

Mad congrats. No wonder you dey rush at any price. We no day market that time. Na after I spend money on renovations last year I decide to buy cement stock so them go pay me back my spending.

Streetinvestor2:
Nope .The early buys was later sold off.My BE presently is still below #30 sha

You probably began buying at N5 , 2m units right now for me at circa N300 na 600m.

Streetinvestor2:
Be calming down now. Just 2 million units of it can deliver that @ #20 dividend

Please delete the mails in your quoted

Ourown:
Will do, thank you!

N40m dividend from WAPCO alone? Make una cut soap for we upcoming na

Streetinvestor2:
To me anything below 800 is ok for an investor
I bought wapco at 360 and yesterday I bought at 320 .And I am seeing 312 today
E no concern me because I don't have plan to sell in the next 30yrs unless I start seeing changes in fundamentals quarterly.Or I want to sell and move to option that will return something far better .My main target now is 20 naira dividend and above from 2027.if I can hit 40m dividend from that one alone yrly going forward is good

No. I have been averaging up and down, I just believe it may dip some more...coinciding with when next i have money to accumulate. Specifically for MTN sha.

Streetinvestor2:
So u believe anyone can time the market..lol

Yup, but I've already bought a lot even at these prices. I do believe there's a big chance it will dip another 10% so why not wait? I no kuru get money again so I'm hoping it dips by the time I earn my next 2k .

megawealth01:
I thought you are buying for long term?

Amen o. I don't want to buy again till it dips at least 10%

megawealth01:
#688 maybe a little higher than 700