₦airaland Forum

Mcy56:
Ohh sowii, I dont mean to, only that my No.1 no get issue wt my age in my moniker.
Okay, check out my pinshure first, how you see am?

Hahahahahahahahahahaha, see as this babe dey whyne me.

RabbiDoracle:
Do you think there will be devaluation?

There is QE in EU area. Fed has stopped rate hike. All developed economies will soon start printing money again. Where the money go go? Fixed income instruments in Nigeria just saw small part of that and yields are dropping.

The whole world will be awashed with liquidity soon. These will be used to bid up prices everywhere in the world and after that comes the bursting of the major bubble.

By then I go dey watch people for TV.

Lol. Where will you put your money in when all this drama sets in?

Mcy56:
Chai!! This evidence is as fake as Atikulate's cry.
Make I wait for my No.1 crush first, whether he go show me the original one. Even though na fight he go carry come but make I see whether i fit manage am like that.

Chai. My heart has been broken...

Mcy56:
Okay thanks. We're learning....

Anything for you baby.

Mcy56:
Lol. Evidence or Idonbilivit.

*Dont mind me o*

Lol!

Here you go baby...

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

Also, wanna have lunch with me in a Penthouse on the Island?

If you are not in Lagos, I will send my private jet to come pick you up, then back again via the jet after lunch.

Coolcash1:
You sure you can handle her

Why not?

Apart from the financial markets and business, I am actually a ladies man. hahahahahahahaha

I won't mind being her gentleman, especially in this bear season where comforting can be done via cuddling.

pluto09:
In TA, increased volume and drops in price are not a good sign.

Thank you very much. I am not much of a TA guy but I know that much.

pluto09:
When did companies pay 20%+ dividend yield on NSE, good companies o??

During the 2015 and 2016 period, 2 companies I know of and very grateful to did (UCAP and Afriprud).

Mcy56:
No, it doesnt. To me it only means that people are showing interest and seeing bargains.
If increased volume persists, dumping will reduce and reversal may be seen.............thats how I normally see it anyway.

Not increased volume where bid power is stronger than offer power at least.

Remember when people sell it's available bids they sell to? It's not that people were magically waiting and they sold to them. They just set their bids and waited, so when offer keeps increasing and people keep dumping at market price to bids, with increasing volume you should be very afraid. The increase in volume in this scenario is not people running to buy, it's already set bids. Always remember that.

Mcy56:
Lol. If you get 30b for akant.

Of course 30b dey. Now come to zaddy.

mendes911:
At this point, it's only those FPI that knows what will bring them back. We can only speculate. Zenith once traded below N9.00 (very low prices) and they are still the one's that crashed the price. Lets keep watching though, but while watching we need to know when and where to take position before we go turn Aaron at the end of the day.

I understand.


I have been wary about increased subscription in fixed income, excess liquidity and falling fixed income yields. Yet NSE is still going down, that is a big red flag. I might be wrong though, but we shall see.

Companies have paid 20%+ dividend yields before, so it can definitely happen again.

Mcy56:
Amen.
Dont mind Chibuking, he already bought Zenith.
You know one thing that used to serve as encouragement to me is if there are high volumes exchanging hands during bear. If the volume is nothing to write home about when prices are falling, then that scares me.

I think falling prices with increased volume should scare you more.

Mcy56:
I dont expect the fall in prices to continue in a row just like that.
Irrespective of anything, the bear will still take a break.... but the bonanza caught people unaware shey.

Darling crush, come to daddy let me comfort you.

RabbiDoracle:
We have always said it here and on SMN about the bingo that follows the pot belly man.

Bingo said the reason it follows a potbelly man is that if he doesn't poo, he will vomit.

People have been warned to invest in stocks that consistently pay dividends. İf e no vomit(share appreciation), e must poo(dividends).

Those who understand are relaxed.

This man. Powerful insights as usual.

RabbiDoracle:
Na today.

Insecurity, I agree. But whether there will be policy flipflops, it is a constant and that will not stop FPİ/investors.

Of course when prices drop so low and becomes so ridiculous, FPI will come.

Agbalowomeri:
The hunter has become the hunted

Hahahahaahahahhahahahahaha

I warned them then that when the real Bonanza comes, even people shouting Bonanza, fear will hook them. Bargain hunters will be scared of bargain.

This market is more of psychology, then some small knowledge on finance, economics, accounting etc.

mendes911:
I will take it that you don't know High Chief Loco. He's one of our deep pockets here. Him and TriTri NEVER runs empty.

Hehehehehehehe

We need to enter their kingdom.

austinkenneth:
Buy more or average down with which money? One's money is not infinite. What he is simply saying is that he is fully invested.

That is my predicament also despite being a member of the bonanza gang.

Now, the bonanza is here but I had earlier invested (and therefore taken a hit)

I actually gave advice on what people should do sometimes back...

I hope some people took the advice.

yom2:
could that be the reason why gsk is paying out all their reserves? at least they are transparent

Definitely part of it.

Slowly leaving....

locodemy:
The way I see this market now,the only thing that can stop the bleeding is releasing of Q1 results.

Maybe the unhealthy policies might be eradicated before half year results.

Since yesterday,I have not been myself due to excessive money I have put into this market hoping for a better return in the nearby future.Now my business is shaking seriously as a result of this action.

I know other people here are having similar issues now unless those who have mouth and no portfolio.

Imagine Transcorp coming back to #1,zenith #18,Fcmb #1.50.
And may even go below these prices if no intervention.I think I will be going off from the forum from now until my portfolio is back again.

Sorry about that boss. From the little I know of your portfolio (you are the Zenith bank guy right?), you will definitely be alright.

That is why I tell people to always delay gratification.

I will be waiting to buy some shares at ridiculous prices though, let's see what happens.

maishai:
Could the bear market be as a result of exxon announcing plans to leave Nigeria........

Nope. Exxon is just part of the symptoms. Many companies have been leaving for a while. GSK plans to sell their plants, Accenture is leaving.

The Nigerian economy is sick due to unhealthy policies, this companies leaving and the NSE going down is just a symptom.

Strangers101:
A mutual fund is more likely to grow your investment at a rate far exceeding inflation. However, mutual funds can also lose value.

SOLUTION
Having known the two concepts, I would rather advise you that instead of picking either mutual funds or Treasury bills absolutely with all your investable assets, a mix of both may be a good choice and could help you find the ideal compromise between risk and return.

No need for this long story, you actually missed the point. You should know the Mutual fund we are talking about is the low risk one called Money market fund.

Saying Money market fund is more risky than Treasury bills is like saying Equity mutual funds is more risky than buying Equities.

emmas2k570:
I applied for redemption on the app... I got credited around 7pm tonight.

I love FBN because of their high rate and sincerity with their interest but their redemption is not encouraging....

If you need your money just be rest assured you will get it two days after the application for redemption

It's already in their terms and conditions that it's 3-5 working days. So no need complaining. If you want something faster, you can always use Axa Mansard, Stanbic or United Capital.

needful:
How is TB safer than mutual fund. Explain

When people always say that nonsense, I just laugh.

Hahahahahahahahahaha

eddyakinrinde:
As of today, with my calculation, United capital pd 751naira on 2m. That's like 13.68 if I get the calculation right.
I love United capital with the way they make it so easy to fund account to top up and thereafter place subscription. They send email notification every time. But recently like a week now its like they are doing one abracadabra with their daily interest payment. They don't stick to a specific time of the day when they credit their payment. Ystday they might do it in the morning as early as 7:30am, today they do it around 12pm, and another day they might not do it until 8pm. Sometimes they even do it in the night 12 or 1 am. So if one is not careful there might be days they might skip unnoticed.

This is quite true.

arduino:
Our big Oga with deep pockets no send this one

Lol! The deeper your pockets the more you even have to care!

Chibuking81:
Through the advice gotten so far yesterday, today I am off the hook of Chams PLC. I never traded on kobo kobo stock, Chams was the first time. And I don't think I will try kobo kobo stock again. Once you are trapped , on sighting a good opportunities in other stocks, you will regret why looking at kobo kobo traped stock for the time.

Lol!

Congratulations!

aremso:
King Chibu, nice strategy! i sold @22.75 with 2.50 dividend gain waiting at 18-19

I hope you guys are adding the buying and selling fees to your calculations? Remember buying and selling is a total whooping 3%+

Agbalowomeri:
Reversal in early April? Okay o
Let me check my dictionary for bearish volume

Hahahahahahahaha

tritritri:
My hands r shaking...scared to place buy self..

This will happen well in weeks to come.

The bargain hunters will be scared of the bargains... hahahahahahaha

mendes911:
That will be in May, most likely but if am wrong, it may start without a break. Very very interesting.

It will be indeed.

yemkaf:
Please I want someone that knows how united capital operate to put me through, though I have done some research but I need someone that have account with them already to give me an enlightenment

What do you want to know?