₦airaland Forum

Mcy56:
I'm expecting these "I told you so" set up to come out now.... just know that your bitterness and hatred will last just for a limited time.
Nigerians are their own enemies. These politicians in position of authority did not even send anybody.
Anyway, for newbies, I will advice that you don't panic sell at loss. If prices goes down, it will still go up again. My 50cent.

My dear, why are you becoming the same kinda way the other lady I will not mention became because of Diamond Bank?

Don't create double standards dear, just swallow this L.
No need to insult anyone.

mendes911:
When I remember ChiBuKing, water runaway my eyes oooo.

Aye Aye, Water run away my eyes.

x2...

Hahahahahahahahahahahahaha

Why do I have a feeling the real Bonanza is about to start?

The problem is you lot predicting bulls. The problem is many of you were too optimistic. Many of you don't know it could have been you guys that actually caused the bull by buying and not selling.

I suspect this was all a bull trap. Anyway, market will always do what it has to do.

Yesterday CBN had to pump in another 210 million USD to keep the naira stable. What that is telling us is that some Foreign guys are probably leaving.

Those of you who bought fundamentally good companies can relax a bit, those who bought speculation, watch what happens when Tbills and FGN bond rates starts rising.

You all should even be praying that Federal foreign Reserve should not be depleted. Knowing how Nigeria is after all this elections, we shall see.

I might be wrong though.

Transcorp people, how market?

Barrytone:
Lol, I traveled Nov 2016, 1 pound was 600 naira then. A glass of beer was 4pounds, that is equivalent of a full crate. That season wasnt too good for a first timer. I spent my vacation indoors in UK which is as good as staying in my house. Generally, it was too dull for my bubbling lifestyle as everybody is always busy with work and no one to show you round. I took a decision, if am not traveling for business then I better enjoy my ever bubbling Naija provided you have the money

Hmmn... Well said my man. I understand.

Glad to have you back in Naija.

Barrytone:
willing to share if only I know what you are asking about.
But if on the billion naira which I think should be of interest to every aspiring billionaire. I drafted a 20yrs plan with nothing less than 500k per month and reinvesting profits. As long as I get my salary then this trend will continue till 2030 and my capital would have crossed the billion mark. We can be billionaires even as a salary earner. I laughed when some people say you can't become a millionaire working as a salary earner. Make a plan today, it's never late.

Thanks for this, I was talking about your adventure in UK you said you regretted.

Barrytone:
It's unfortunate that you mentioned me, am a Nigerian and living in Nigeria, only visited UK in 2016 and regretted the adventure so I know nothing about dollars am comfortable with naira. You only bother if you live a cross boarder life. With no plans of living Naija, I have a billion naira projection by 2030. Then I will retire to enjoy my 120m annually, 10m monthly. So you can keep calculating your dollars. As at this morning, a dollar is 360 so all calculations failed and might continue to fail.

I know this is a Tbills thread, but care to share the adventure in question?

TotoNaRubber:
Haha, the guy is trying his luck, even if he tie rope on the necks of regular TB investors here NOBODY will patronise him.

In a dwindling economy like Nigeria convincing pple to leave what works for them to follow an uncertain company that is not a commercial bank is IMPOSIBLE.

During the time of MMM i had pple telling me from left, right and center invest invest. I thought about it and almost invested N15m, on a second thought i said wait a minute, i told myself i'm well informed, because pple are doing it doesn't mean i should do it, the N10 in your pocket is greater than the N5 million you put in such risky business, i lock up.

Two months later MMM shut down at the december period, i used N500k out of the money i was supposed to invest in MMM to control some punanies from ABJ, LAGOS and enjoy myself.

Today, my TB portfolio has even grown more because i did the right thing. Greed to get richer kills faster than a bullet, these scums will use same money they steal from people to control punanies while the people suffer heart attack.

SafeInvestmentIsTheBestInvestment

Well put, well said.

Logictinz:
Can one do TB in dollars here in Nigeria going by your analysis?

I think he means Eurobond fund.

OBAGADAFFI:
One of the best , with regular dividend payout.

Another sound company leaving the NSE is leaving CONTISURE .

You are right. The gradual growth of that company over 5 years is outstanding.

OBAGADAFFI:
Nice one .

They should pay us one o.

One of the best stock on NSE has signed out .

Really sad to see them go too.

bodysoul:
Hello my people.
Abeg, I have always wanted to invest in this shares/stocks but my fear is, I don't want to loose money.


Can a good Samaritan please enlighten a brother.

I have no clue about the stock market
I just want to Understand it..

No information is useless...

Thank you

If you are scared of loosing money, I will suggest you stick with Treasury bills or Federal Government Bonds.

There is no way you want to do it that the stock you buy won't drop in price. If you don't have the heart for it, just forget it. Even if you choose an undervalued stock, it can still drop in price.

But if you are not moved by instant gratification and can endure pain, and you won't have sleepless nights, then by all means you are welcome. I am sure many will put you through. Though I will advise you to do your own research and learn how to read financial statements, stocks are not just numbers, they are part ownership of a business. Know what you want to buy, why you are buying it and why you want to keep it. The moment you lose track of one of this things, trouble starts.

nofundforme:
I am out of stock trade for now. I lost a huge amount of money after hearing bonaza gospel. I sold at lost even though I bought very high last yr February. I held all my stocks until I started hearing bonaza. I wanted to play safe and smart, but I missed it. I have learnt my lesson in a hard way. I need to recover before delving into stock trading again.Thanks for your recommendation.

When people say Bonanza, that's not a cue for you to sell.

Peter Lynch said it best, "Know what you own, and know why you own it."

That is why you have to always buy stocks below their intrinsic value for a margin of safety. Apparently it seems you bought around the all time high's which is sad. No matter how the stock market is behaving, the only thing you should be looking at is how much a company is worth in liquidation value and not Market value and how much they are making for investors per share, year on year. Then compare that with inflation rates, Treasury bill rates and bond rates to see if the company is keeping up. From here you can have an estimate if it is undervalued or overvalued. This is not a one size fits all, it is just another way of analyzing.

Buying on impulse due to price swings and increase in price is a recipe for disaster. If anyone recommends a stock here, ask them why before you take their advice and buy. For selling that should be up to you when you feel a company is overvalued. Trust me, I am a very patient guy, I do not buy stocks or any other assets during upswings, it has helped me a lot. Wish you all the best though, and better tidings.

Mcy56:
Lol. We'll see how everything plays out.
I knew you were sarcastic about that comment, reason I replied you in that manner. Mr. Market will do what Mr. Market will do.
It is well my bros.

Of course my dear. How I wish people can learn from how I am disagreeing with you and sir Currentprice without throwing stones and insults.

At the end of the day, it's all fun, banter and money you made a decision to invest.

Mcy56:
Hhmm, very interesting cos green increased.
Transcorp will join the league of green soonest. Election issue will then be general to all.

Hahahahaha.

My dear. Market will do what it has to do.

I have done my Transcorp shorting and I am satisfied. I still have my main stocks I don't play with, all in all, we shall see how things play out.

pluto09:
I don't have problems with anyone analysing stocks and sharing their opinion on that particular stock.
What I detest is when people continue to mention one particular stock they have analysed in the past in a chest beaten manner of I told you guys.

Lol! Advice is now chest beating? Sorry sir, I will tone down my chest beating.

pluto09:
My brother, just forget this your talk about transcorp and move on.

Transcorp and zenith are not in the same league and what drives their respective price is not the same.

I have an obligation to make people especially newbies not speculate and get burnt. My mind Zeroed in on Transcorp because it was mentioned here a lot of times, and still keeps being mentioned like it's a gold mine. Hence my research on it and why I am giving my opinion. Which I have every right to do as much as people who are recommending it.

Or are we not helping people again? Are we deceiving them? Well. There is no need for me to ask this question, since we are all faceless and can't know the motive of everyone.

Chai! See how much Zenith Bank made for their investors, by the calculation of people who expected transcorp to be higher, Zenith bank should be nothing less than 200 naira.

Wow! I am learning everyday. Speculation is king after all.

Lord knows I warned people about Transcorp. I just made some profits shorting it, not automatic but at least I got the job done.

I asked people why they think it's price should keep going up. No non-speculative reply till now. Newbies, beware. Be careful. My 1 kobo.

Qokie:


Let me come and be going there. I am in the wrong thread.

Abi na. So I can know I am in a drama thread, read and laugh...

NobodyKnows:
That thread is as useless as the P in psychology.
Na drama everyday , the drama here dy learn work compared to their own on that useless thread .
LINK

Hahahahahahahahahahahaha. Wow. I can't wait to see it.

Qokie:
This is what we call a meltdown. It is starting to read and sound like my favourite Ashawo thread in sexuality section. No wonder I mistook it for that one.

Have a link to this section by any chance?

kolaish:
@onegentleguy & @megamart247:

Why the insults. You both have valid points and opinions on the market and should be proud to exchange ideas on the way forward for the market; while other members can join in the debate. Kindly stop the exchange of words please.

Well said!

No need to display emotions we don't need. We are here to make money.

What will it profit a man to win an argument, but lose money?

OBAGADAFFI:
Correct guy.

Market is not for Over-Optimistic people.

I said this countless times. Optimism is the enemy of an investor.

sanerugwei:
We learn everyday, thanks for sharing..
Just a bit curious, I see your moniker says oil and gas..so I will assume more inflow..
Can you clarify how 800k in less than 11 years turned in 50M in NTB investments?
When I whipped out my compound interest calculator even at 20% it won't give up to 5million(reinvesting interest may earn slightly higher). Unless you mean all your investments aside NTB and other side hustles...

I await your clarifications...

He probably kept reinvesting dividends and reinvesting his salary.

Mcy56:
Hmmm, at the bolded that wasnt speculation, it's based on results.
This kind of reaction is expected, it do happen to the fundamentally sound companies such as Zenith too. One would now keep wondering what went wrong. What is happening in the market today cuts across some other good stocks too possibly due to the election postponement.
This same transcorp was selling in the 3naira region before it was dragged down due to poor result. Now they have good result, let's keep watching how the drama will unfold.
The truth is that some missed out of the rally so far, I hope they wouldn't miss out of the next phase too.

Really?

So let me ask you a question.

If you had 2 people running a business for you.

The first one who you give more money brings some money for you.

The other other one brings back 10% more than the first one with less money.

Which one should you logically give more money to when the economy is bad? And things are uncertain? Especially when just last week, the first one came back with more than before but the second one brought more than it this time with even 11%.

Will you say because that one came with more it's an improvement, and you speculate that in the future it will bring more for you while Ignoring the one were you spend less and make more?

This is the stock market in a nutshell. That is why we have things like P/E and earnings per share etc. So you understand how much money a company is making per share for you, dividends or no dividends. I am not even talking about dividends now, I am telling you that as at that friday the P/E of Transcorp was higher than GT bank, a company that is trading at over x 2 it's book value, what that means is a company with over 70% profit margin, but which some people will see as overpriced because of it's x 2 book value price had a lower P/E than Transcorp that did over 30% in price. Meaning I will spend less on GT but make more than I would have on Transcorp!

So, I ask again, on what basis were people thinking Transcorp should go higher? It is speculation. Simple. I have no problem with speculation you can still make money, but with speculation you have to be ready to pay tithe to Mr Market, tithe you are probably not ready to pay, but you should have been.

For the newbies, for your own good, stop looking at stock as just numbers. You are buying a piece of business. Think like a businessman. Be careful how you speculate.

Mcy56:
Hmmm, at the bolded that wasnt speculation, it's based on results.
This kind of reaction is expected, it do happen to the fundamentally sound companies such as Zenith too. One would now keep wondering what went wrong. What is happening in the market today cuts across some other good stocks too possibly due to the election postponement.
This same transcorp was selling in the 3naira region before it was dragged down due to poor result. Now they have good result, let's keep watching how the drama will unfold.
The truth is that some missed out of the rally so far, I hope they wouldn't miss out of the next phase too.

Are you seriously comparing Transcorp to Zenith Bank?

There is a reason I feel Transcorp should drop. Which I will state clearly in my next post.

locodemy:
can you now see how people make paper profit in volatile stocks.

The best time to sell some stocks is when on bid....

Something went up over 30% and people didn't sell... hahahahahahahaha.

I have always warned people here that the reason things go up is because many people including themselves holding that asset are not selling, so basically a situation of more buyers than sellers. The reverse is the case when things start going down.

Classic Tragic story. Gt bank is over 2 times it's book value, but has a P/E ratio less than Transcorp. The question you have to ask is, why were people thinking Transcorp could keep going up? That was speculation at best. Like I said, we will all keep learning.

edwardaigb:
You took this words out of my mind, there are phony people here and God ll reveal them to us one by one. God Bless Ogg, CurrentPr, Mcy,etc.

You guys are being biased.

How come you are not talking about when he told people to take positions? He definitely said so. We can all confirm it. I remember he said something about Zenith bank.

So what happens when the All Share Index looses all it has gained, will OGG and the other people you mentioned become the bad guys?

Lol. Logic!

When ASI kept going down, nobody said anything. 4% gain since the beginning of this year and so called experts are calling him out. Lol!

I think some people here just want to start quarrels and all.

Chibuking if I remember correctly told people to start buying in January and said if you missed January, opportunities will come February. Then something about after/before election. So why is he being dragged?

Even OGG would have been dragged some days back here. Why?

You have to take what you see with a pinch of salt, we are all faceless here. No one will force you to buy or sell, you will be the one making that decision. People are just dropping their opinions, that is all. If their opinion helps you fine, if it doesn't fine. In both scenarios you bought and sold yourself. Not them.

deepwater:
My brother someone predicted this election shift one year ago, same person is predicting something that sounds some how today again. This was one front page today.

NTB is an investment and not a charity offering
You need to know how much your investment is secured
More importantly when u have deprived yourself of some "enjoyment" your mates are "enjoying" just because you want a better future. Then one khaki gang will come and start turningoninown

If what you think will happen, happens... even money in your bank account will be gone.

Your physical naira note will be useless. Anything that will make Nigerian Treasury bills to fail, anything naira both in bank account and physical note will too. It's that simple.