₦airaland Forum

Happy Sunday everyone!
Oga Agba, Happy New Year Sir, long time.
I wish to thank all the selfless contributors to this Forum.

Facts are real. Our signature posts says it all!
Different and many people have had issues with trolls here.
I already said I wasn't gonna derail, I won't.

Chibuking81:
To be honest with you, am not picking any stocks this year, and will not advice any of my friend to pick.
This year remaining about 86 more days to summarize, anytime during election for bonanza participants or moment after election will be nice to enter the good vehicles (stocks)

OK, many thanks.

Chibuking81:
http://dailypost.ng/2018/10/07/atiku-said-winning-pdp-presidential-ticket-face-buhari-others/

@Chibuking81, can someone start picking up some stocks that are relatively cheap now? or to still wait.

swilo:
Today is Sunday o.. Someone cannot play with you... Sister mi.

Happy Sunday @swilo!
Don't mind @mendes, and i don't care if he is playing, he is a regular at trolling. I have nothing but love for him though.

mendes911:
You are bored and looking for roforofo. Oya, start one naww.

Bored? no @mendes am not, my life is full and am busy. l have no time to look for roforofo wit any faceless person behind the keyboards who deliberately targets people for no reason.
People make jokes here, criticise opinions/views but do not purposely pick on anyone for no reason. Pages have been filled here with off topics playfulness, and no one begrudge, then they see a post or two that is even on topic and they come out!
This Forum is full of lots of respectable people who come to selflessly & freely share their knowledge and experiences (God bless them) on stock trading and matters around it/related to it, which is the essence of the platform, so am not gonna derail the thread by engaging in any unnecessary exchanges, I will just ignore!

Infinitisi:
Go to their websites and check out their requirements for opening accounts. It's not that much different from opening an account here. I sent them an email to ask if they accept foreign non resident clients and they said they do.

Dividends will be paid into your stockbroking account which you can withdraw (in dollars) to your dorm account registered with them.

If you have any other concerns feel free to contact them. I plan to open an account with them next year.

Thanks, and also to @Godlylifeoneart for opening this portal of idea of learning how to venture into other markets. I will explore this to learn more.

hmmmmm interesting that @Godlylifeoneart have never been attacked by the trolls for his views & posts as regards state of affairs of our economy & NSE which by the way i totally agree with.
The play out when they are in one of their trolling sessions/gossips is always entertaining & fascinating to watch by the way!

dipoolowoo:
C&I Leasing Acquires Two New Vessels for Better Services
https://www.businesspost.ng/2018/09/29/ci-leasing-acquires-two-new-vessels-for-better-service

Things are looking even better for C&L, the news is positive and hopefully reflect in the numbers soon, Q3 maybe, too early? anyhow, potentials for another good round trip is up here!

dipoolowoo:
FG Probes Defunct Skye Bank Directors, May Begin Trial Soon
https://www.businesspost.ng/2018/09/30/fg-probes-defunct-skye-bank-directors-may-begin-trial-soon/

Interesting! Almost as if it was necessary to put that out there so as to pacify people affected by the takeover charade. The investigation & or trial seem vague as there is no time frame.
Hoping for the best anyhow.

..

tritritri:
i want to win agba from all other female.

Don't think you will succeed. Look at his post up there saying you should go to a brewery! lol

Agbalowomeri:
Withdrawal only in dollars
Stop drinking 33

Funny. Somebody just ask me now why i laugh looking at my phone.
tritritri why is your gender now female abeg?

wanaj0:
What do you expect the regulators to do?

CB regulate the banks and made a promise that depositors will NOT lose their money. CBN did not promise the shareholders anything.

NSE is a market where you come and sell. CAVEAT Emptor applies.

SEC fines companies that did not make returns on time.

People that bought SKYE on Friday knew that

1) SKYE was sick
2) SKYE has not released result for many quarters

The shareholders of SKYE attends the AGM and shower praise on the board and management.

The shareholders have members represented on the audit committee so they have 'insight' into the accounts.

The shareholders are aware that they can lose money in their investment.

Actually it is the shareholders that need to be more responsive and active. They should stop going to AGM just to get AGM gifts. They need to hold the their directors accountable.

BUT if you are a 'trader', it is just a trade that went BAD.

If there is any lesson, I think people need to come up with their criteria for buying a stock.

But oga, is a relevant regulatory body not suppose to call into question the corporate governance of a publicly quoted company that continue to report decline or abysmal financial state of its affairs including huge debts, eg Japaul, Oando, investigate, and if found wanting take actions by either suspending its board, CEOs, or better still, trading of the shares in the floor pending improvement in the state of that company's affairs? to protect potential investors from buying even though they too need to be cautious too.
Is that not part of its function as a regulatory body eg SEC?

For over 2yrs now l have learnt not to hold any shares for more than 7mths maximum, except for some i deliberately left in my portfolio which even yield dividend. I sell at price appreciation, or sometimes at lose if i become unease with my purchase, and then on to the next one.
One have learnt to avoid holding on to empty can while its content is all gone! If the signs are all there it is better to cut your losses while you still can. Imagine from when I sold my Diamond and now, it has lost almost 50k, when the warning kept coming that the price was still going south i had to sell.

Mpeace:
Pple are scared of Diamond bank, but the next tsunami will not be from the banking sector. It will be in the insurance sector where a new set of reforms are being implemented. Many insurance firms will not meet their capital requirements.
I remember one of them announcing plans to do rights issue abu na private placement of 40billion new shares. I just dey laf at their shareholders.

Bad management or mismanagement of publicly quoted companies don't get consequences, no threat to their jobs or future jobs, no fear of persecution.
And also why do the regulatory authorities stand by with all the red flags and watch companies ground to a halt or get to a dire state be4 coming up with reforms for implementation when in fact the minority shareholders are the ones that always end up being at the receiving end!

gamaliel9:
Who are those that liquidated Skye Bank?

I know of one Ayeni who borrowed from it without paying..Who else? Is it not time to shame people in the press? Why are we so docile like this? Shareholders...hmmm we are just interested in dividends and price appreciation.... Why is it difficult for most businesses to grow pass first generation? Look at Chase Manhattan,City Bank,JP Morgan,Societe General....etc? So many questions

"my people are living in a trance world" according to 2face Idibia. Minority shareholders just fold hands and watch!
Not a pleasant situation we are in, in this country where all regulatory institutions are either Lame duck, or rather, feed their own selfish collective interests!
My heart goes to everyone that bought into the shares. I pray for there to be a conversion to the now 'new bank' shares , as it was from Oceanic bank shares converted to Ecobank. At least then not everything will be lost.

.

Happy B.day @dipoolowoo, wishing u many more years!

4601CE:
Something is sha pushing me to carry someone else money I have access to ,
And enter market maybe I fit make quick cash .
Or quick gbese

You better resist the temptation of 'gambling' with someone else's money if its not your own be4 you get trapped!! It is gamble nah abi? since the market is generally bearish at the moment.
Oh well, its your decision Sir.

stcool:
My annoyance in all this, is that when MTN pack up and sell the company to Nigerians. They can do no good but kill the company and strip its assets. Useless bunch.

Exactly in my last post when I said if things are allowed to run as its suppose to and no cutting of corners, all this hide & seek of trying to avoid paying tax as at when it is due will not occur.
Now becos all those accumulated unpaid taxes have now been lumped together to create this unbelievable sum Mtn will now cry foul thereby giving potential investors the perceptions that the country is a difficult place to do business when the fact is maybe it is these foreigners in conniver to cut corners surcharge us.
Lots of foreign investors have given us this kind of bad raps before on how corruption & abuse of power creates uncertainty and hinders growth of businesses in ninja #RichardBranson etc.
MTN won't leave though cos more than 25% of all of their returns comes from here. #Ninja is a cash cow business destination for those that knows how to navigate!

BullBearMkt:
...@perfectgen the "bolded" have already fallen and are now searching to find a bottom - meaning, no point selling them now except there is any negative news (Nigeria economy/politics or from the company). For me, you should have sold far much earlier and not now.

Regarding FO, this should have gone out of your portfolio tey tey. If you still have, it's either you take it as a bad investment and keep it for as long as you want OR sell it now and divert the "leftover" into a beta stock. From the look of things, FO is heading towards N10.

AIICO is the talk of the moment, technically everything is bullish about the stock, but don't pursue the price let the price come and meet you at a reasonable price level (value zone) which for now stands at 0.84

How clear and precise for whoever required this advise/opinion.
Well done Sir BBM.
#don'thavethem.

moneywoman74:
Good morning House.

Please i need contact person of United Securities or any of their extension number has been emailing and calling their numbers i got from their websites no response from them.

Cheers


House please I am still waiting for your answer on my above request.

Did you try: 01-2714567 (used to get them on this one), 01-2714566.

https://www.yahoo.com/news/mtn-affair-casts-shadow-over-nigeria-economy-analysts-044145983.html
One of the comments on this article was: Corruption, no rule of law, no justice- who would want to do business there?

If people in power allows transactions to run legally with all protocols observed, potential investors won't get bad rap/perception about our dear country. Enough said jor!

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=2ahUKEwj60M6MjpzdAhVLUhoKHermDrQQqOcBMAB6BAgGEAM&url=https%3A%2F%2Fwww.proshareng.com%2Fnews%2FFOREX%2FMTN-Nigeria--Banks-and-CBN-Action-%25E2%2580%2593-An-Update-and-Initial-Commentary%2F41628&usg=AOvVaw1sFFTwA6Uhn6VrzpxzpYr3

I could not post the link right, but it will open. The commentary is an interesting read.

^^
Lol

Agbalowomeri:
Don't worry, she is no threat! You be my number 1 (as my school principal's daughter)

If she like let her ban me again

how you take know you be winch?

^^^
All these still boils down to the Regulators. Who checks these activities? who stands to gain from these actions?
I believe until there are collective voices of people opposed to all of these fraudulent actions being perpetrated, it will continue. The people put in places to operate the system are soiled!
We live in a society where the people hardly pay attention to what is going on around them as long as they can get 'small' for themselves, these people know this, and they are taking advantage of this "i don't care" attitude. It is well!

stcool:
una funny no be small...Diamond bank @50k. that means GTB would be selling at N20. Well I have always said it, Diamond cant go below 1.09. My accumulation zone still stands at 1.09-1.50 until good news enter the market. If Diamond bank is put up for sale today in the market, na them go rush us! question you should ask is what price would Diamond bank be sold, considering its share of Nigeria retail market market?

n/b: Please not an advise for anyone to buy, unless you intend to loose your investment in this buhari era .

I believe it may still touch down to N1 - 90K range, and then a bounce, which is inevitable. The negative news coming out around its management activities right now is no good.

currentprice:
look well now

Oh.. ok, now i see. I actually thought Dominique was a 'code word' for something, and that i fell for a joke @nobodyknows pulled on me .
Silly me .

^^
I didn't see no Dominique.