₦airaland Forum

Anyone who cannot master his/her emotions and sieve through "noise" has no business in the stock market.

Anybody here using Meristem Stockbrokers? Please what is there brokerage commission? I could not find the information on their website.

mendes911:
Those midnight dinner are not better than early morning (as early as 5am) breakfast in bed. Especially during winter!

Hmmmm are we still talking about food?

Nichee:
Skye bank audit shows negative capital position of N730bn

courtesy BusinessDay

…Mainstreet Bank acquisition partly financed with depositors funds

…Former GMD, Treasurer, CFO fingered

…CBN working out forbearance package to fill hole

(my comment - Nigeria has rewarded too many people for being inept, greedy, and outright criminal. these bankers have no right to criticize the civil servants and politicians. they aren't any better)

Make dem transform to Microfinance bank na

Blood on the streets

currentprice:
N45 according to my bedsheet

Boss when arriving at your estimates of fair price do you use current quarter eps or ttm (trailing twelve month) eps?

#learningmode

For the fundamental guys in the house I came across this article on evaluating the quality of a company's eps. Enjoy

https://www.investopedia.com/articles/analyst/03/091703.asp

janykute:
I am now aware of any memo,all he did was indicating interest in the stock and everyone thinks it's the best time to sell.

Overtime people have come to realise that when the OCTOPUS INDICATOR recommends or buys a stock the share price nosedives.

This thread is littered with past instances.

He is a very good indicator to follow.

Let me come and be going please.

Yayira:
summarizing in 4 words STAY WHERE YOU ARE. GSE na cemetery

Na wa.

So I just wasted my time looking up on the GSE yesterday night. Even went as far as shortlisting a stockbroker (CAL) to talk to later when I decide I want to invest after studying the market.

NSE suspends trading in 7-UP shares
Taiwo Ojoye / 7 hours ago


Stanley Opara

The Nigerian Stock Exchange on Friday suspended the shares of Seven-Up Bottling Company Plc following a takeover bid from majority shareholder, Affelka S.A., to the minority holders.

In a public notice, the Exchange confirmed that 7-UP shareholders had passed a resolution to back the takeover bid by Affelka S.A. which would see the company delisted from the NSE.

Shareholders of the company had on Thursday approved the scheme of arrangement by which Affelka S.A. would acquire the outstanding 26.8 per cent shares of the firm.

The shareholders gave their approval at a meeting that was convened at the instance of the Federal High Court in Lagos.

Affelka S.A. will now increase its ownership of the company to 100 per cent by acquiring all the outstanding and issued shares previously held by the minority shareholders.

In consideration for the transfer of the shares, a payment of N125 per scheme share will be made to each shareholder. The payment represents a 22.6 per cent premium on the last traded share price of Seven-Up on January 9, 2018 and a 27.6 per cent premium on the share price as of the close of August 9, 2017, being the last business day prior to the date the initial proposal was received from Affelka.

Chapel Hill Denham Advisory Limited acted as financial advisers to the transaction and Aelex Partners as solicitors to the company.

The Chairman, Seven-Up Bottling Company, Mr. Faysal El-Khalil, had said, “We believe that the scheme will create considerable benefits and opportunities for all stakeholders of Seven-Up Bottling Company Plc, and will serve to protect minority shareholders from a continuous erosion of value.

“Furthermore Seven-Up Bottling Company is again assured of Affelka’s long-term commitment to the company and Nigeria.”

Yayira:
first thing Monday morning I'm in Nigeria

Hmmmm I know someone who would be willing to pick you at the airport. I won't mention names

rationalmind:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/7#14197067

I guess that parked bus never left the park. Did you check to see if the bus has an engine sef?

Does anybody here invest in the NASD OTC market? Is that market liquid make person no go hang when you want to sell.

I was just thinking today that with all the indomie noodles and peak milk we take in this country shouldnt I also partake when they are sharing money.

Couldn't lay my hands on the financials of Dufil Prima the makers of Indomie but I found the 2016 annual report of Friesland Wamco makers of Peak Milk.

It is boldly stated there that their policy is to pay out 75% of earnings as dividend.

fxuser:
DS
- major consolidation wh is expected after a massive rally

DF
- still opening higher on d daily but lots of selling activity , consolidation just starting also

So all things being equal we expect another rally after the consolidation?

emmanuelewumi:
Are you referring to total value, or the value of the stock in CAP plc.

The book was written in 2006, I still have my copy. He started buying stocks in 1963 and he retired in 1979 at the age of 37 to live on his dividends and consultancy business.

Total portfolio value. Though I can't remember if it was when he wrote the book he said that or much earlier.

That was a man whose opinion I paid attention to when it came to the stock market.

emmanuelewumi:
You be real wizard.

He wrote a book then. "My Life of Stocks" I think was the title. I sti have the copy I bought.

Can't remember what year he wrote it but as atvthat time I think he said his portfolio value was like N 60 million

Agbalowomeri:
Digging up secrets in the depth of the night

I dey take one eye look you and Jeez2

I found this graph on a recent FSDH Securities Report. There is practically a perfect correlation between the All Share Index and Crude Oil Prices. With crude oil prices still rising you can guess the continued direction of the NSE ASI.

emmanuelewumi:
Amen, I sold an uncompleted property to buy morere of this stock at an average price of N3.50 between April and June 2017.

Hailings Sir. You are one of those i follow on this thread and one of the reasons i admire you is you put your money where your mouth is.

Yayira:
Well before them go unbanned Oga Oracle make me dey enjoy his teachings small small for whatsapp. Yesterday Agba made mention of NSE circuit breaker and I was like kilon jebe ? Let me go and ask oga and as a good teacher that he is na, he explained and gave me a link to read more about it.. chai.. the moment you stop reading, you start dying oo. After 2 years trading na now I know weytin be circuit breaker.. newbies y'all need this man on this forum oo

I would also like to know what the NSE circuit breaker is. Kindly share.

lmm4real:
Oga expart, you too started from somewhere oooo. no forget

Some people might have attained a high degree of expertise in the market from experience and studies but you have to realise tgat they are not magicians or oracles.

Some questions can't really be answered emphatically.

Agbalowomeri:
Forum member on exile

Loco

He went to his village to beat the village people who sent him to buy Oando

To fxuser, BBM, Prof, Currentprice and all the other gurus in the house. Can you help us with what the chats are saying about the NSEMPA ACI ( NSEMPA All Chart Index)?

The thread is so bullish these days. What are the thread's new resistance and support levels?

Even people wey never post anything in over a year are now active.

Thanks in advance

This report might interest some of us interested in investing in Breweries sector

http://businessdayonline.com/reports/Nigerian%20Brewery%20Industry%20Snapshot.pdf

locodemy:
Oga agba.I go buy oando today.what meat did i buy?

In currentprice voice be like say you buy Vulture meat

Looool. This current NSE bull ride na wa. Even NSEMPA is so bullish these days. Everybody don turn expert stock analyst overnight

ChungLee:
Guys, pls, i need ur candid advice/help. i just found this forum. i, and my bro bought SMALL unit of shares (access bank) sometime in 2007 or 2008 (not even sure); we completely forgot about it. Moved from where we resided then (can't remember anything about it- the shares). Last week, i was going through my stuff and saw an envelop containing dividend (chikini money ) that was paid my bro in 2009 (i recall i received that too, but misplaced mine). On the said dividend (my bro's), i can see WARRANT NO., SHAREHOLDER'S ACCT. NO. etc; (i recall, not sure though, that the info on my bro's is 'almost' same as mine.
Now, I want to revisit the whole stuff to know what transpired over the years, and what's in it for me. Pls, how do i go about it

NB- pls, don't mind me, i'm just a novice concerning all these shares, dividends stuff.

You and your brother will need to approach the Registrars of Access Bank. I cannot recall who they are offhand but you can get their names on the dividend warrant or run a quick google search.

Complete their e-dividend registration form and submit. After processing all the outstanding dividends from previous years will be credited to your bank account.

If you are interested in buying/selling note shares then you will need to open a stock broking account with a stockbroker, read books on investment and be regular on this thread. The right education and knowledge is key in making money on the stock market.

All the best.

SEC stops issuance of dividend paper warrants
Sola / 1 hour ago


Ifeanyi Onuba, Abuja

The Securities and Exchange Commission on Tuesday directed all registrars to stop the issuance of dividend paper warrants

A dividend warrant paper is a financial instrument in form of a cheque issued by a quoted company to its shareholders through which dividend is paid to them.

The Acting Director General, SEC, Dr. Abdul Zubair, said this during a media briefing on the on-going capital market initiatives of the commission.

He said the stoppage of the issuance of dividend paper warrants would take effect from January 1 this year, adding that all paper warrants issued up till December 31, 2017 were still valid and should be honoured by banks.

He said, “In line with the approved rules of the Commission, all registrars have been directed to stop the issuance of dividend paper warrants with effect from January 1, 2018.

“For the avoidance of doubt, all paper dividend warrants issued up till December 31, 2017 are valid and should be honoured. Banks and registrars are accordingly implored to please note and adhere.”

He also said the commission, in a bid to encourage many investors to consolidate their multiple subscriptions into one account, has also extended the forbearance for multiple accounts till March 2018.

He added, “Investors that bought shares of the same company during public offers, using different names are allowed till 31st March, 2018 to continue to approach their stockbrokers or registrars to regularise their shareholdings, in line with SEC on customer identification.

“Thereafter, all shares not regularised shall be transferred, on trust, to the Capital Market Development Fund.”

On the issue of electronic dividend, Zubair said the free registration exercise for investors ended on December 31, 2017 in line with the stipulated deadline.

He said during the period of the free registration exercise, the Commission spent the sum of N315m to underwrite the mandate of 2.1 million shareholders.

He said henceforth, all investors that are yet to enroll under the e-dividend platform would now do so after the payment of a marginal cost of N150.

“Such investors should continue to approach their banks or registrars, as usual, to seamlessly mandate their bank accounts for the collection of their dividend electronically, including unclaimed dividend not exceeding 12 years of issue, as the N150 would not be demanded from them at the point of registration,” he added.

kokobaba:
I agree totally with you sir. stock market is not as easy as many people think. it actually involves a lot in terms of continuous study, research, timely information, analyses etc. Far more difficult than opening a shop and selling things

True and if you can put in the necessary study and work, stock investing can be rewarding.

Cation:
please someone attend to me, I know there are people who have something reasonable to say about this. ejoooor!

Sorry I have no experience with ETFs. Maybe as a first step you should lay your hands on their historical performance

emmanuelewumi:
Naira cost averaging does not mean you will put money in dead stocks, as a matter of fact I have never bought a unit of the stocks listed above.

Many people did then because nobody was really teaching or writing about stock selection techniques. Lots of tuition fees were paid by investors then. Thank God we investors are getting more knowledgeable now coupled with better technology.

On a lighter note I worked in a stockbroking firm in 96/97. That was my first ever job. I remember my MD on the phone trying to dissuade one of our clients based abroad from buying Liz Olofin PLC . The client was adamant that we buy it for him that its a penny stock and penny stocks are the best stocks to buy . At the end of the day we had to buy it. Only God knows if he still has them

emmanuelewumi:
Naira cost averaging is not bad, that is how average people become wealthy through stock market.

Read " Ordinary people extra ordinary wealth" by Eric Delman.

To an extent I agree with you sir. But even if you are using naira cost averaging you still need to put the money in the right stocks. Anybody who has been naira cost averaging in stocks like Daar, Japaul, Cornerstone etc will be up the creek without a paddle by now.