₦airaland Forum

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*Observing *
If media hype this one ..fit be a busy week
Watch ..also 10-15% gang
Only massive inflow can counter

Watchn Reversal

Mcy56:
One guy cleared UBA at 6.30 and still left about 66M to fill ....but removed it again. He's still coming back, maybe they want people to bring out more offer, enough to clear again

Noticed that as well..all of a sudden disappeared ..Thought it was sucked up

Uba ! Access on move
Zee and guara still waiting

Access

RabbiDoracle:
You can't go wrong when you buy a stock and you are satisfied with the dividend yield you get (usually minimum of 10%). This gives a consistent cashflow irrespective of the direction of the market.

Nonetheless, it is also good to look at technicals to know when to buy lower and look for points of reversals.

U re right those re some of the factors be considered as well

mendes911:
Chief, "that learner" part was a joke. Don't take it literally.

I got u brv..never took it serious ..if u know me on the forum I just make my jokes and we all make the money as well ..No time to fight or Argue
I just shared my opinion with the newbies ..I was once a victim of my story when I started Smn yrs back

mendes911:
Of course once the market is ripe, guys will hop in. Are you a learner?

Agba even mentioned earlier that he prefers to average up rather than average down. Everyone should form and stick to what works for the person. No go do follow follow!

Oga i no be learner ..I wrote/spoke in coded words
Those wey get my words don get my words
Benni ..what works best should be stuck with

To the Newbies if u have any spare funds to invest u can buy in bits ..if anyone tell you say he knows this NSE na lie o..Like my oga mi R.onifa earlier said buy good stocks the worst of it you go get dividends and if you re lucky price will appreciate to breakeven or make profit

Reminded me of high sch days when we relied on someone we believed sabi book pass us , u go ask himb4 exam did you read a particular topic he would tell u he didn't read that area , cos he said that then u decided not to read same topic ..In the exam hall you come see the question on that topic you no read .. u re screwed up ..After exam you saw him discussing with friends how he answered that questions on that topic boasting

Then u asked him oga shebi u said u no read that topic ..he would answer you ..ohh i just decided to read it the last mins to exam

All am trying to say is that do not trrust anyone , u will be surprised that those that re sayin bear bear are taking position small small..LETsmall bull come u go see how they will tell you it was last mins they made up my mind to buy this and that , even tell you they made a k-ll in the mkt

Bad dumping and mopping on zenith

Some new pple in town or

T bills don mature today ..rates are not too good, make dem bring some funds to this side

**Reaction **

JELILI

TENOR 273 DAYS
RATES 10.60%

364DAYS
10.85%
GTB RATES TODAY ..RATES NOT TOO GOOD

When u re big u re big ..Alayee Maami ..Awon ti macaroni

We go make money this yr ..I go join transcorp soon ..We go all make the money togeda

I dey with u on this one ..That dude soo ra reooo

Bull i beg come calm us down o

PharmAlfred:
Brokers are not making so much money these days. Volume has really declined. They must be complaining too.

Agreed , some go still dey make money ..with all those heavy deals/crossings for gbt and zee few days ago

Brokers just dey make money bt bear and bull
U buy , u sell at loss , u keep averaging down ..zentith sighted @ 16.95 ..Acess on its own solo journey, uba having a bad mood

onegentleguy:
This is saying a BIG thank u to all for ur all-touching wishes !!
I appreciate ur fine messages and I wish u even more !!

May GOD continue to guide, protect and shower his blessings on us and our entire families !!

Regards.

Happy birthday Bro ..Wish u many happy returns

zee gt, uba ,access battling the bear .. orders keep coming

Zee supplies /dumping @ 17.00 ..maybe they go continue next week

Watching

RabbiDoracle:
https://www.bloomberg.com/news/articles/2019-10-24/sizzle-is-off-emerging-world-s-hottest-destination-for-investors


Used and dumped. And would be re-used!

Bad pple ..chop and clean mouth

bigjay01:
I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Yours sincerely only managed to pick up 10 Afolabi units before i maxed out on equity investment allocation.

Any which way, we dey!

We go dey anyhow sir

mendes911:
Judging by trading in UBA shares today, I have a feeling that our previous #5.40 support line will be broken soon!

Some sellers (in Mcy's voice, manipulators) are hell bent on selling.

We keep buying more waiting for the Bull one day ..if it touches 5.00 that will be good as well

GTB !

Jejebabaa:
Oga mi sir,
I don gba kamu, na to dey keep chopping dividends till I breakeven. My uba cost price is now 7 naira while zenith is now 18.55.
We die here.

Waiting next week to fire small .. bt if it can go lower 5.5 & 17 lower
While waiting for the 3q results

Keep asking questions and be doing calculations there ..In a growing economy pple wey go make am like go make am , and pple wey go dey make excuses and analysis go still dey there they do am
That is life !

Jejebabaa:
Zenith seen at 17 or my eyes never clear?

Yes ..was able to pick some ..Jejebabsy how re we going to rebalance zenith and uba ..Taatann ni o

Any amount of div must drop next yr

Oga mi R'R' Onifaa pls help re-confirm

https://www.abokifx.com/news/24203/details


MARKET NEWS
Foreigners Who Abandoned Lagos Stocks Have Few Reasons to Return - BLOOMBERG
OCTOBER 15, 2019
By Tope Alake
Weak economy, market-unfriendly policies deter investors
Better opportunities in eastern Europe, Asia, says Tellimer
Foreigners have deserted the Lagos stock market and “hostile” domestic policies combined with a gloomy outlook for the Nigerian economy suggest there is little chance they will return soon.
The country’s benchmark stock index has slumped 16% this year in local-currency terms, the third-worst performance worldwide among 94 markets tracked by Bloomberg as of Friday. That follows an 18% retreat in 2018.

Investors have been frustrated at the slow pace of economic reform, with President Muhammadu Buhari naming a cabinet six months after winning re-election in February. A decree forcing banks to expand lending has deepened concerns about their profitability, prompting a drop of almost 20% in an index of local lenders’ stocks this year.

“Investors are clearly concerned about the hostile regulatory environment the banks are facing,” said Andrew Lapping, chief investment officer at Cape Town-based money manager Allan Gray. “It is unlikely for Nigerian stocks to attain high ratings given the economic and regulatory environment.”
Read more here about Nigeria’s pressure on banks to lend
Nigerian stock exchange figures show that foreigners were net sellers of Lagos equities in the eight months ended August, for a second year in a row. Poor economic growth has resulted in a lack of enthusiasm among investors, Stockholm-based Tundra Fonder AB said in a monthly report on its website.
A government proposal to increase consumption tax to 7.5% from the current 5% to support the 2020 budget may batter already faltering consumer spending, according to Ayodeji Ebo, an analyst at money manager Afrinvest in Lagos. That’s just one piece of a weak economic picture: inflation has run beyond the central bank’s 6%-9% target band for three years, while economic growth slowed for the second con


Hope dey go return one day when they see anything juicy in the MKT

Mcy56:
I wouldnt be surprised if GTB still close positive despite the bashing ongoing.

I comot yester..lets see if we can get a new Bot.../lower price i fit join

Watching ..Zee getting the bashing as well

[quote author=NL1960 post=83243017]So after buying the house in US for $120k and you now sleep with two eyes closed, no mikano, no diesel, no aboki and no need for jeep, you then send your kids to school and one small boy walks into the school one day and shoots indiscriminately and waste them or you go to the mall to buy sneakers and one angry man comes in and shoots indiscriminately or one olopa(cop) comes into your neighborhood and fires pointblank at you because he/she sees you standing by your window.

[color=#000000]Every society get him own problems and wahala[/color].






U ve got a point sir ..Saying every society get i"m own wahala