₦airaland Forum

Na lie. No be so e dey work.

landmark86:
I cover me and my household with the blood of Jesus. Covid-19 is not our portion

The result is not bad at all. the only issue here is the reduction in dividend declared which was expected due to the current economic risk. They will have to make provision for FX devaluation (which will affect cost of imported spare-parts and loan servicing for new aircrafts) and also prepare for slowdown in the oil market, as nigeria has cut production level. So this is them been conservative.

Mcy56:
The result is not bad.
FIDSON is currently trading at 3+ and they declared 15k, so also M&B @ 3+, 20k.

Though I knew they belong to different sector, yet Caverton is still cheap at that price by my own understanding.
The stock is just surrounded by negative sentiments, that's what I see there.
Also, there are times some stocks get bashed once dividend is declared but will start picking gradually again.

Wait o, are there no Caverton faithfuls here except OGG? Jideflash come and say something here.

its caverton i sold off by mistake last week, i will be glad to reload heavily going forward. i was able to use the mistake sell-money, to enter fbnh at 4.70. so sometimes a mistake is a blessing in disguise.

jideflash:
Meritrade mobile website can cause big loss. You put price limit you want, but the market price option will still show up, except you change it to limit. If you no look well, you make very costly trade loss. Chai, I don suffer big loss today.

nah

LokosoUK:
Is Caverton FY19 results out?

lol, na caverton abi?

Udbabe:
Please house i need help,tried buying a stock, this came out "below listing standard" asking if i want to proceed, i had to cancel first to ask the house, please what does this means, and can i still proceed to buy, thanks

People living with chronic conditions such as hypertension are at a higher risk of experiencing and developing more serious complications when they contract Covid-19.

Join Dr Okechukwu Ogah today, on World Hypertension Day, in this free webinar to know more about the link between hypertension and Covid- 19 and ways to manage hypertension during the pandemic. The Webinar is organised by Cardiac Community.

Get your questions on hypertension and Covid-19 answered by the experts.

Click to Join Webinar: https://zoom.us/webinar/register/8015893829764/WN_FFRyerBoSUGHsPjTqyrzwg

In Partnership with Novartis & Nigerian Cardiac Society

FBNH,

People living with chronic conditions such as hypertension are at a higher risk of experiencing and developing more serious complications when they contract Covid-19.

Join us on the 17th of May 2020 on World Hypertension Day to hear from experts as they discuss the link between hypertension and Covid- 19 and ways to manage hypertension during the pandemic.

Get some of your questions on hypertension and Covid-19 answered by the experts.

Register at https://zoom.us/webinar/register/8015893829764/WN_FFRyerBoSUGHsPjTqyrzwg

using Chrome on Samsung S9. isnt it a good enough phone?

Uchetoba:
Jide it is from your device you need a better phone

My eye don clear. each time i make mistakes, its mostly on mobile. i no do again...

maishai:
if u keep using that app one day You will buy Aboselhyde thinking u bought Access..... I no do mobile apps again for trading

Meritrade mobile website can cause big loss. You put price limit you want, but the market price option will still show up, except you change it to limit. If you no look well, you make very costly trade loss. Chai, I don suffer big loss today.

Sovereign Trust Insurance Plc said it paid N2.76bn claims to is various insured spread across the country in 2019.

The company’s spokesperson and Head of Sales and Corporate Communications, Mr Segun Bankole, said this was from a figure of N4.2bn claims paid in 2018.

https://punchng.com/sovereign-trust-pays-n2-76bn-claims/

i wonder where their result is o. But from their few press releases, the cfo made mention of their claim expenses reducing by almost 50%. and their Qtr3 result showed a similar amount in gross premium with 2018 (est~ 10bn year 2019). But lets not forget they completed their right offer, hereby diluting EPS. im comfortable reloading at the current price of 20kobo, and sitting for the very very long run based on a personal strategy. their are better deals in the market for now, so only the leftover funds from other trades can i use for STI.

yom2:
how far for sovereign trust bro any hope?

the M.D also bought about 5million units last week as well. the worst is over in fbnh and the board knows it, that why they are confident in putting their own money on the line.

Mpeace:
There is definitely something going on in fbnh. All the insider purchases are not just for nothing sake. http://www.nse.com.ng/Financial_NewsDocs/29936_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

Caverton's revenue is contract based with fresh contracts signed with Chevron + Shell and other upstream oil and gas clients. We havent heard of any upstream oil and gas company shutting down their crude production. so caverton will continue to operate and earn. Again caverton contracts are based in dollars. Nahco operations is totally different from caverton.

yok:
From Qtr2 2020 Accounting year. It is doubtful if Caverton/ other logistics businesses (except Nahco, due to strong subsidiary companies in other sectors of the economy) can escape the effect of Covid 19.

As an extension of the above, I will like to us to make a list of our own "Nsempa Covid Test/ Isolation Camp). It will consist of stock we must not buy until their Isolation/treatment from our NSempa Covid Camp is over. We cannot just be watching as some equities continue to make people poorer/waste resources.

The test kit will be as follow: Any of the 1st 2 conditions should send the stock to Covid Isolation Center, the manifestation of other tests should send the stock to treatment centre where it should be until delisted. Anyone that buys stock from the Covid list is on his own. Contribution to the list (add the stock that should go for Covid Test or treatment) is welcome from All.

To kick the ball rolling: Test Kit 1- Not paying dividend for 2 years continuously: Turnover/Profitability declining for 2 years continuously: 3- Company is no more operating as a normal business should be operating (anyone can add more to our test Kit).

STOCKS FOR COVID INVESTMENT ISOLATION CENTRE
- Oando
-International Breweries
-Academy Press
-Notore

COVID TREATMENT CENTRE - CONFIRMED CASES- Will be discharged on delisting or when dividend payment resumes
- Eko Corp
- Capital Oil
-Meyer
-Morinson
- Afromedia
-Omatek
- RT Briscoe
-Tantalizer
-John Holt
-Studio Press
-Trpple G
-SCOA
-Challerams
-CWG

Please let us add our own and someone should keep updating like Intedy's list, probably every month. So that newbies will not contract "Investment Covid", the sickness has the effect of making people to hate anything call capital market.

Finally once we have our list, we will like SEC, NSE and our Billionaires etc. to then donate to those individuals that these companies have made poorer or will still make poorer, but I am sure once we have this list we will not fall victims of this Stock Market Covid Infection again

Now imagine the numbers in Nigeria

oops, my bad. posted it here before

jideflash:
i have enjoyed trading with meritrade since 2013. Great customer service. But my issue with them is their charges, Too High.
after asking them for commission review, below is their BROKERAGE COMMISSION CONCESSION sent;

TURNOVER COMMISSION
5,000,000 –19,999,999 1.35%
20,000,000 – 99,999,999 1.00%
100,000,000 – 199,999,999 0.80%
200,000,000 – 299,999,999 0.60%
300,000,000 – 399,999,999 0.50%
400,000,000 – 499,999,999 0.40%
500,000,000 AND ABOVE 0.35%

I may have to port, which platform is reliable with the best rates?

na my senior ogas for here go sabi that one o, my tentacles havent reached the FBNH insider circle yet. but to me, fbnh is good buy, they are growing strongly, and the impairment charges that was dragging their profit all this years, is quite reasonable now. they also have a solid FX reserve. I no fear to load this one.

NB; Apply Due Diligence

Princkez:
pls do you have any information on the sales of their insurance company and is there any possibility of special dividends from the sales

for meristem, its from 10m

ebuka1997:
Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

we the monitoring spirits of closing hour trades, will be there to look into their destiny/destination

Princkez:
FBNH will soon start it's cross deals by 2.20pm

make i go consult with the oracles. but i can i assure, so far, there is nothing to fear in the result. na the dividends we never know.

PharmAlfred:
Oga Jide. How is our Caverton na. Hope the result and dividend will make sense. You are already an insider O.

osheeey , Janitor. Send us small money make we follow you mop na, this mopping work too much for you alone, im a helper

daddymgg:
I believe ohhhh. I don dey mop am since ohhh.

how the fbnh market closed. i follow chop..

Mcy56:
Refused to go below 4.65 since.
Huge bids and cross bids done at 4.70.
12M single bid @ 4.70 still waiting to be filled....
17M bids now......something is likely going on there.

How to close the market. Follow the big money...

Thinkbigga:
Please any link to the said result?

http://www.nse.com.ng/Financial_NewsDocs/29884_GUINNESS_NIG_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

Eps 62kobo (2020) vs 194kobo (2019)

poor financial result was just released.

nairavsdollars:
Why is Guinness going down the abyss??

What's going on na. Why the attacks? MODs do something.

Well said

CashDiMkpa:
I think people should stop looking for tips and start doing some of the heavy lifting in reading up about these companies and their stocks themselves. If you are asking for specific information about a company, i guess that's okay but this trend of "Is company A a good stock to invest in?" just tire me. And people actually answer without understanding the person's investment goals, level of financial literacy and type of cash at the persons disposal. Tomorrow gbas gbos go full thread.

got mine, im feeling cool right now. alert dey always sweet

Benjacky48:
FBNH Alert just landed

fbnh

The thing Don rise since, just began testing faster.

Bullet01:
Despite the lockdown this thing still de rise.

Its obviously a hack.