₦airaland Forum

RabbiDoracle:
Countries default on their own currency. Though it is usually rare but it does happen.

Argentina in 2001.
Venezuela in 1998
Russia in 1998
Ukraine in 1998
Ecuador in 1999
Jamaica in 2010 and 2013.

They need Chinese Economists...

jideflash:
After more research and analysis with insiders and external resources on Caverton. Its clear Caverton will take abit of beating this 2020 FY. Large FX liabilities/expenses and lower Revenue expected with oil major slowing down operations. With cash reserve, we don't expect a loss yet.
It will be advisable to watch from the sidelines.

I'm Out!!

You did this to "Cumbersome"?
What Caverton is doing to it's passengers right now...

OBAGADAFFI:
Trove is good, if you don't have up to 50k to open a Stockbroking account.

Trove also give you access to foreign stock.

But ......

1. Trove is not a Stockbroker, they work with other brokers(ARM).

2. With Trove you don't have a dedicated CSCS number, the broker (ARM) handle the CSCS.

3. Dividends will not be paid directly to you, it will go to the brokers account and the broker will share the dividends to everyone.

4. Your name is not on any company registrars .If you buy UBA stock on Trove, it is the brokers name that will be on the UBA registrars (Afriprud)

If you have 50K, I will advise you get a proper broker with your CSCS number.

This is a HUGE RED FLAG.
I wish I studied law.
So when you you get better issue, na app you go carry go Sue?

Sterling. Masquerade MM..

ositadima1:
805 million Naira

Amen..

seyisanya:
Other fees are applicable when you buy shares. Aside from the commission that your stockbroker charges, the following fees also apply:

-CSCS trade alert
-SEC fee
-Stamp duty
-VAT on commission

If you factor all these in, then the purchase price will be just right.

See a typical buy contract note...

nairavsdollars:
Why is Guinness going down the abyss??

Because the Naira is falling against the Dollar, my dear ....

Mcy56:
The string "one customer" in market today.

NBST...

debeey87:
It's funny how someone will input such others Why not just do 99,999 instead

I tire o....

Sterling shege don start.......where is Mcy56?

akinssan:
Funny,,,

But no matter how far you have gone on a pearl of wrong road wisdom determines you turn and take the right route.

Exactly! For instance, Zenith will still be a great destination at 23pm, but most people here already broke into the rich valley of the kings at about 11am. They won't wait to welcome security reinforcement teams after 23pm.
Same situation elsewhere.

The valley will remain that of the kings, but the full glory of the valley will by then become a matter of Goodwill.

The early scavengers will be dealing in tangibles then, the late comers will now be left to kill new kings inorder to transmogrify intangibility to tangibility, a task better left to the gods ......or depart the looted valley in shame.

Every dawn is preceded by a thick darkness

My take home this week.
In the stock market, what you get in return for love is loss, very HUGE loss....
It is unwise to impregnate 9 women to get a child within one month...W.Buffet.

You don't give birth to 11 children cos you want to own a club. It's possible they may all end up a barrow pushers.

Watch your investments closely, else you will discover Warren Buffet is a JIJO specialist too late.

It is unwise to follow others very far into the journey before asking where they are going.

If your stock delivers twins, as some stocks may do before December 2020, don't attempt to get the same stock pregnant again during the baby nursing period. Let it heal in peace...

dinyelutochukwu:
I concur.

I will put this hypothesis to the test tomorrow.....

Life is funny, there was a time I sought for someone's opinion about a stock here. That person was doing as if his analysis was oxygen to the stock's share price, he never knew that company's result was lying on the table of my next door neighbour.....

A great result or dividend does not imply a great share price appreciation....
Most times, insiders are burnt beyond recognition above outsiders....


Why is UBN the class monitor of UBA.
Why is BUA putting Pampers for GTB?
Why is Zenith on the mountain of fire to replace FMN?...

ablyguy:
Thanks boss. I am not veecovee o

MY BOSS has done it for you. But your Tithe must go to VCV. His Tithe collection form does not ask for source of funds....

ablyguy:
I have been a silent investor for a while now and I currently tracking Guiness.

Anybody with idea on what a the fair bottom price for the stock is?

Mcy56, kindly help.
Now afraid to answer monikers configured using U,Y & G ....Yours get Y.........

Mcy56:
Bros, don't always take anything too serious in a faceless forum.
We don't only make money here, we joke as well, make person no come develop hbp.
There's a lot of uncertainty in the market now due to the situation of things in the country and the world as a whole.
The short/medium term risk takers in the market are even monitoring their investments so they can take action when there's the need to do so. Difficult to advice newbie on any stock now.

On Point!!!
This is a time for trading patience NOT stocks......

meshpips:
Hi,

your friend bought Zenith at almost the lowest price for this year (though you said two weeks ago, that stock didn't trade that low two weeks ago but it did so about 4 weeks ago).

It seems to me that your friend knows what he is doing. I strongly recommend that you take your trading advisory service from him alone.

Don't you think coming into a faceless forum to seek such advice is risky?

Just do whatever your friend says for you to do and I think you will be just fine.

All the best sir!

I believe he is trying to confirm other recommendations his friend gave him.
You advised well, but you can further assist if he gives us the financial background of his friend, the friend might be buying from the advice of his friend's friend... (They say I shoukld stop smilling)

meine:
Why the laughter and joke if you dont have a reasonable response? Is that the only question i asked? If you cant answer must you repy Please swerve.

Person wey get that your kin ego no dey vex bros, shining teeth here does not mean someone is laughing at you (at least not me).
No vex, go buy UBA now.......

Amotekun2020:
Difficult for investors to time the market.
Perhaps, the traders should help you.

Traders cant anwer 'WHEN', you never see before how chart wey almost dey do golden cross over hear Corona and send all the remaining unused candles back to Wuhan?......

Even candles wey vex tear cloud enter realized oxygen no dey de cloud comot sharp sharp come back....

meine:
Morning people, Thanks for the job you are doing here, i am silent reader of this group. I have N5.7 million left in my stock account Please i have the following questions,

My friend bought Zenithbank at N11 two weeks ago, he advised me to buy some unit but it hasnt gone to that price since that time , please when will it to go down or i should buy it at this N14 price? Can you also be kind enough to suggest some stocks that are cheap this week, PLease my goal is capital appreciation and dividend payment.

That is the singular reason I can't be of help to you. If I could answer that question myself, I assure you, you would have never read any epistles from me on this forum. I would have been busy updating the world on the progress of Dangote refinery....

emmanuelewumi:
Naso my old man built his first house at a total cost of about N40,000, but currently gets N2.4 million rental income from the property.


But dividends sweet pass rent

Free house still vomiting cash. Na this kind of blood money I dey like. When your tenants are complaining about their jobs, you just dey take palm wine dey console them knowing they are also working for you ..

emmanuelewumi:
Reinvest later, keep and spend your dividend.

I never understand to this day why things bought with dividend taste better....

Mcy56:
Pessimism and optimism opinion and analysis should be welcomed.

Caveat should however not be neglected. It's well.

...
As the price of an asset changes, opinions are bound to shift. If I say Dangsugar is not a good stock when it was selling @N45, then later say it is a good stock when it is selling at N9, how does that shift in opinion due to shifting analytical variables transmogrify into "BETISE and PERFIDIOUS"?

I 'conditionally' apologise for disappointing you and all who felt the same way. I will profitably direct wisdom as you stated in an unquoted portion of your terse opinion, IF .........

emmanuelewumi:
The CEO was a member of the trio that managed Oando, still a founding shareholder of Ocean and Oil the parent company of Oando

Interesting. An apple never falls far from the tree.
Now I know better.
For these type of companies, even when they post a good result, don't rush to buy, wait for several days, cause they may later recall the result, or adjust dividend in the name of correcting a typographical error.....

In those days of share certificate, Dem go make three trips before issuing you your certificate. By the time you are done with the tedious work and is ready to sell, you discover the party was long over....

IYGEAL:
This one too. IPOs are pretty risky.

I have a standing rule after 2008.
I told myself, IPO is Inviting Poverty Officially.
I have made it a policy NEVER to EVER read that IPO document again.
Its mostly a perverse document of unadulterated deception.
Na person wey never see war before dey misinterprete the sound of an advancing army as rain.
I was there, thoroughly beaten, left with scars and has written my rules in red ink in my notebook of stock market engagement....

emmanuelewumi:
It was actually over priced, the IPO sold for over N4.00 at at a time when Nahco was selling at around N2.80k.
Sahcol has more outstanding shares compared to Nahco, hence when it was listed the market capitalisation of Sahcol was higher than that of Nahco.

Nahco has over 60% market share in that sector and has been consistent with profit and dividend payments.

The first year when Sahcol was listed, the business made a lose and could not pay dividends even though management projected making profits for the business year 2018.

Hence the stock price started losing from about N4.30k to the current price.

It appears the company might not make profit for the year 2019, because I can't explain the reasons behind the rapid fall in the share price in the last 6 weeks

Notore on my mind....

CHARLESNIPER:
Exactly why ur mama is as good as dead! Her case is already irreformable!
She will be there to welcome u at the same place where u shall go. Ur papa already dey chill for there naw. He and devil na pady mate dem be! Household of demons!!!

No new insults. I am bored. Gudnight...

CHARLESNIPER:
Give some of it to that ur oluku dying mama! I can't help ur case!
Just know that once hell calls, demons like u must answer to it. That's where u belong.
Evildoer!!!!

Eyaa, na Covid catcham? I will pray for your mum....