Youngzedd:


You will still buy data to use those apps.

Yes, but assuming your sources of revenue are from calls and data only. If you lose out on calls generated revenue that leaves you with only revenue from data plans. So increasing the cost of data or looking for IPO 'magas' in the stock market may be the only way out.

emmatok:


Don't compare MTN to Starcomms.

STARCOMM death was predicted due to unattractive CDMA business in Nigeria,e.g MULTILINKS,ZOOM MTS, etc same happening to VISAFONE.

But GSM business is not dying anytime soon, with their huge subscriber base.If you see any GSM stock selling below #10 better grab it .

Have you thought of the effect the introduction of Whatsapp, Viber, Skype, BBM and the like has on the revenues of these companies? How many people still waste credit to call their love ones when they can use services like whatsapp and viber calls for free? A huge chunk of their revenue comes from international calls and how many people still use their phones to make international calls when you have free services like voip calls? Telecom companies are currently having huge drop in revenues due to the recent invention of whatsapp, voip and others and there is possibility that this will continue. Why do you think MTN is coming to the market to list? Where were they all the while telecom business was still booming? Now the tin don red for them and they have decided to list. I think due diligence is required when it comes to investing in telecom companies. I don't know why I see them as thieves.

FranklinRich:


Well I think some stocks are overvalued and others are undervalued or rather they will get undervalued as their prices continue to decline.

Afriprud for one is almost touching N2, this is a stock that it's interim dividend yield was more than most blue chip full year dividend yield. I see no reason why I should not buy it at around N2, knowing that at this price, i can still get a full year dividend yield of close to 10%. Add that to its interim dividend and that adds to some okay returns. Capital appreciation might not come now but in the fullness of time, it will.

I am waiting for Afriprud at an attractive price sub N2. I don't expect them to pay their regular 35 kobo because they've already paid 17 kobo interim dividend. They may discount this from their regular 35 kobo and pay the balance as final dividend.

angelo82:
Generally the cause of the bear is complicated........

Yes because the bear has been around globally and then China's recent currency devaluation aggravated it. We will now very soon wether we are headed for another market crash.

What is delaying Afriprud from trading below N2.

mpi210:


With Dangcem, the index will tank seriously

Better for everybody. It means we can get to 27,000 quicker so dat d bear go rest.

FranklinRich:
Sales season on the NSE. Well me and my household have decided to take advantage of these sales. Got my first tranche of premium stock FBNH and also UBA today . FCMB looking ripe at sub N2. Bargain prices everywhere!!!

Why buy FBNH now when you can get it for N2.50 in 3 months time?

We are moving forward.

nio68:


so bloomberg considers the current state of NSE as Market correction ?? shiorrr

Our YTD na around 13.9% or more for NSE which is actually a correction. That means bear never start at all

Chibuking where are thou?

Hehehe, Oando don finally trade below 5-year low. E remain NSEASI... Patiently waiting... . When the bulls finally surface na break-even JIJO masters go dey think of, no be profit. Our prayer points should be to break even before profit takers go start fellowship.

This is why it is better to be a long term investor and maybe do very little of JIJO on a part-time basis make e no be like say person dey dull during the year. Long term investors are always happy during the bear and the bull seasons. Think about it.

mpi210:
some equities are missing on itrade...like Zenith, FBNH, Dangote Cement

Oh!! Found them listed as Premium....

Any one know why?

I think it's an update issue which they may have to fix.

angelo82:


True but stockbrokers are not good in management of funds.........They always fail in that area...........I trust Meristem somehow.............

Yes I trust Meristem. They are very professional. That's why I have my long term portfolio with them.

angelo82:


It doesn't bother you to know what they are doing with your money?..............Lending to gamblers?................

How dat one take concern me? So far dem give me my money wen I ready to use am trade.

zendi:
His name na primetech. i wonder if 'im manage dump 'im monkeys. if not, make 'im turn them to pepper soup.

BTW, e don tey wey we hear Tumbumtumbum analysis and Monkey Hunting ooo. E be like say bear seasons no dey favour monkey hunters. Once Bull surface dem go resume work shaperly and there will be plenty of tumbumtumbu-analysed stock picks everywhere.

angelo82:
Before you transfer money to your trading account,prices are going down but immediately you are credited and about to buy the price goes up until you buy and after that it goes down again..............I always wonder if there is any one always targeting your fund as soon as it hit your stock account?.........I am developing a new strategy.............I will keep transferring money to my stock account but I won't trade until am pleased with the price................Volatility of the prices is just too much and sometimes abnormal.................

Put your money for Meri Fixed income make the tin dey breath for dia until you're ready to strick.

Wia dat BiTL wey dey shout... buy costain now or regret it (dat time wen the tin dey around N1.00)...How far?

passwelle:

Fundamentals dont cut it. However see what they did to the price in the last few minutes of the market today.

May God protect us in this market. As @Aloaye mentioned, are there no regulators in our market? Even the coys/MM no even get shame at all.

ogadeolu:

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

There is still hope for your Unity bank shares, at least it is still trading so you have a choice to make. As for the rest, ask your broker to put them on permanent sell order. One day you may be lucky to sell some of them. I was also a victim of 2007/2008 just like you and I entered "one chance" on Universal insurance & Mbenefit. With a permanent sell order I was able to sell the Mbenefit insurance leaving me with just Universal insurance which I am prepared to leave for my grand children because I no sure say my children go fit inherit dis one . Good luck.

9free:

Choi! Chai! My brother you are not alone...... Many of us here started same way but have learnt our lessons over time. For now, it may be difficult to sell any cos of very low liquidity nature of those stocks.
I will advice you to do what most of us here did with such stocks. Choose the ones that will be most suitable and applicable to you;
1. Donate them to charity (Hispy, Horlads or KOD penny stock foundations)
2. Transfer them to your children or children's children investment trust portfolio.
3. Convert them to longest term investment(Here you will have to wait till the coy experience a turnaround: May take 10 - 20 years or less if a miracle happens)
Peace

I can't stop laughing, especially dis your advice number 1 & 2.

Some people will buy FBNH @N2.50

http://www.nse.com.ng/Financial_NewsDocs/10756_FLOUR_MILLS_OF_NIG._-_Q1_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf

What a disaster.

ogbs2020love:

I currently have no car.
I have almost all the stock s on the NSE worth about 5m.
A wife and a child.
I'm 30years
I have a life extra savings policy with axa Mansrud. worth 500k
2 commercial plots of land worth 2.6m .
my problem is that I am addicted the NSE.
pls should I buy the car now,or invest 450k. then wait and buy the car by next year,?
pls assist here

You have a wife and a kid, so I think you need the car. Considering your age, there is a rule of thumb that says you should put 70% of your assets in stocks and the balance 30% in a fixed income security like Treasury Bills which is a risk-free investment that you can easily liquidate if you ever have need for cash. This is better than keeping your money in your bank account. I also think you need to rebalance your portfolio. N5 million is too small to spread on "almost all the stocks on the NSE" as described in your post. Diversification reduces your risk but remember whatever reduces your risk reduces your reward. Besides, it can be difficult to keep track of what's happening to the companies you invest in when they're too many. You may want to reduce your stocks to at most 10 well-diversified stocks with good fundamentals.

mpi210:


It's one of the best run Nigerian companies....Cooperate governance is a BIG factor when investing

Thanks a lot for your post.

hbrednic:


The effort is in vain unless the registra have your specimen signature in their system

Yes, that's true.

@ukay2, you also have to process a share transfer form via your broker. So if you are not in a rush just wait for them to post the dividend warrant to you.

ukay2:

thanks....but must I submit the e- dividend form via my stock broker before payment?

It is not a must, you can post it to the registrars yourself after taking it to your bank for their signature and stamp. You only need to process e-dividend form if you want the money to be paid into your bank account and you may not be able to process e-mandate before payment date except you are resident in Lagos. If you are not able to process it before payment date they will post it to your address.

Born2berich:
The only way for access and UBA to move upwards is for fbnh to also move upwards from its current price. As long as FBNH is still down they won't move up as expected.

Access will overtake FBNH one day. I remembered how Stanbic reconstructed their shares and vamoosed like Ben Johnson.

@Angelo82, thanks for your contribution.

Biko wia is Moneysage? Is everything okay with ya portfolio Sir?

SpongeBobSP:
...for long term investment,what stocks should I b looking @ now cos it sEems stock prices are generally low....I always fancied FBNH but dats jus cos my dad has always had it and it came 2 his rescue @ some point few yrs ago... .... S̤̥̈̊Ơ̴̴͡ what Should I. B looking @ for long term investment...? #greenhorn

In the banking sector, the best long term stocks are GTB and Zenith. Access is also a good one in terms of dividend payment. GTB is stronger but more expensive. There is no need to own both GTB and Zenith as both are very much alike in performance strength and dividend payment. You can go for Zenith and Access as an undergraduate. If you have money you may risk FBNH but try not to get too exposed to banking stocks.

Agbalowomeri:


The guy is in love with a stock destined for the gutters

Personally I think this is a good company to own for long term and if i can get it @N200 or less, I may include it to my long term stocks. Some brokers advised against buying FO and Nestle some years ago. But I would like to know from BnSiTL if there is any good reason why Seplat is a bad investment choice.

zik4ever:

Be warned, forewarned and armed:
https://www.thecable.ng/seplat-petroleum-faces-another-year-falling-profit

Apart from ROE and drop in crude oil prices which are both temporal,what else is wrong with the fundamentals of this company? I would like to know. Besides, the EPS reported in the above link (N14.77) is not correct. Seplat EPS actually increased from N38.12 to N42.55 at the end of Q2 because you calculate EPS using total comprehensive income and not just using PAT alone.

mercylicious:
Dumexoga sighted.
Bros, I hail oooo.
Any good news for oando?

e don really tey wey we hear Dumexbaba voice ooo. I hope all is well with his portfolio. I remember sometime ago during the bull when e say e dey make millions on Oando on a daily basis.