₦airaland Forum

oluayebenz:
You are very correct.....

But pls where in the US can I buy a 120k usd house I need one?

U can try Detriot Michigan ,cleveland ohio, Baltimore county etc U go even see less than
Thing be say most places for that prices are low income areas ..,most of dem kind of rough

Agbalowomeri:
Is this a cooked result Lol

Ok oo As oga don dey ask me maybe na cooked one..we go wait till when they finish cooking all FY 19 div loading for jejebaba 80k

https://www.nairaland.com/5446170/uba-board-meets-approve-q3

The Board of Directors of United Bank for Africa (UBA) has scheduled a board meeting to approve the group's unaudited financial results. The board meeting will take place in Abuja on Thursday, 17th October 2019 by 9:00 am.

Mcy56:
No be Peter again?

Na u oo..u no say we dey on the same page

Mcy56:
Lol.
If bull return tomorrow he might say they already concluded book balancing or find another term again.

U sis Mcyllicious u sabi the game

Coolcash1:
Charlesnerd: My little experience as a stock market investor..

-Patience is key,there are endless opportunities in the market.A successful investor is like a trained sniper,hanging on patiently with his gun,waiting for his/her target,devoid of emotions and in no hurry to vacate his shooting position.

-When you want to gamble on a stock without fundamentals and no prospects of dividend,limit your exposure to at most 10% of your total portfolio.I took a gamble on a particular stock ,I knew the company had no good track record ;to be candid,they have never paid dividend since incorporation.Due to recent activities within and around the company,I perceived the company could be a company for the future,I took a position ,a gamble so to speak ,but limited to 10% of my portfolio.Today, I have no regrets,I have realized 50% on my investment on paper.Its a gamble,it could have gone the other way ,as there was no compelling fundamental behind my investment.But,now I am winning.

-When you are convinced after due diligence that a particular stock has better prospects and growth potential,it wouldn't hurt to invest 60-70% of your entire portfolio in there. I call it investing with guts.Sometimes it pays off to invest confidently in comparison to spreading your investments over several stocks in the hope of diversification.

-Never enter a fast moving train,you might be crushed.Never touch a stock when it is hot,you might get burned.So many recent instances comes to mind.

-Always know when to sell if you are in for the short term ;whatever goes up must come down.I once bought a stock at N25 ,hoping it would get to N33,it got to N32 ,but I was patiently waiting for N33,it never got there.I finally sold at N27.

-Don't not invest in a company based on previous history,brand name or sentiments, always inquire how they are surviving today and how they plan to continue in business tomorrow.One of my early investments as a student was the sum of N50,000 ,which was invested in a bank stock.The bank in question opened my very first bank account and offered me a five year monetized scholarship for my university education.Since I had adequate financial support from my family,had another scholarship and little need for the money,I invested the first N50,000 in the bank stock.The bank went under on Sanusi's ascension to the throne,my investment too.I was sentimental,I wanted to give back to the bank that gave me through investing in its stocks.

-Always keep a healthy amount of cash in stock,a good opportunity might come along suddenly but you might have no cash to invest.Some few months ago,I saw a banking stock trading at an attractive price with huge upside,I was able to buy a little,but I wish I had bought more if I had extra cash.

-Cheap or penny stocks are not always "cheap". Sometime as a university student,I bought 5,000 units of a bank stock during its public offer at N8 ; it was apparently the cheapest of its banking peers at that time.My N40,000 would amount to little units if I had gone for the big banks.I settled for quantity,but today the stock is trading at over N2 and all my dividends and bonus shares received so far does not translate to over 7% return on my investment,after 7 years!!.Investing in the big reliable banks would have yielded better results.I chose the penny stock.

-Do not deprive yourself of life goodies because you want to invest,you might end up spending all the money earned taking care of yourself at a latter stage.Try and enjoy life and invest at the same time,it can be done.

-Always check up your investments,your investment is your business and you don't leave it unattended.If I had checked up on my investments as a student,I would have known when to sell or hold.But I trusted the system,the financial system in 2008 wiped away most of my university investments.

-If you have done your due diligence,invested in a stock,but at some point, prices drop below your entry price,do not be discouraged,it is just an opportunity to increase your holding if you have cash.

-Lastly,nothing beats investing in a consistent dividend paying company.I am a big fan of dividends.Dividends are my 14th,15th and 16th month salary grin .I am eagerly looking forward to a day when it becomes my 1st to 12th month salary. grin . I plan to retire quite early and enjoy my life to the fullest

WELL SAID !

GTB Today
MATURITY
TENOR
RATE
26-Dec-2019
94
10.50%

19-Mar-2020
178
11.25%

10-Sep-2020
353
12.50%

Think stanbic much better

IamR:
Maybe you are right, time will tell, but 500 naira will kill us. Apart from crude oil, is there any serious export from Nigeria? I am glad you shared that link here. Anyway, to be forewarned is to be forearmed.

I do not pray for it o..it will partly affect all that invested in money market ..More than half of my tbills will be expiring next yr ..Also tbills investment has been helpin for most of us

IamR:
I am not sure Buhari will succumb to the devaluation of Naira. His body language has not suggested anything close that. I stand to be corrected.

Rumours on devaluation by Ist quarter 2020 going around ..also World bank/ IMF suggested naira be unified for FPI's AND FDI's to come in with $$

Is it possible for the New economic team to change buharis mind ..well we go see as time goes on

Soludo , Bismark i kmow been against Naira multiple exchange rate ..we keep watching

I thnk there may be ..but may not be up to 500 naira ..when ?? I don't know

ukay2:
MEN IN BLACK ARE BLACK REALLY

Just see how there are loading UBA at the closing time of trading

Be like say these pple wan frustrate person to sell uba below 6.35..Na just to continue holdn on

feelamong:
Boss....you really prepare wella come this time around around

abeg use that Heikin Ashin look UBA for us....any strong uptrend signal there?

Oga mi Feelamongst...welcome from the other side ..Bull notification

Jejebabaa:
Oga mi sir. I remain loyal ooo. This stock will either make me bankrupt or ..... For me to take forex loan to buy this stock while it is presently 75% of my portfolio and to even buy more next week once the bull is confirmed on the weekly by oga BBM and co.

No worries ..u go dey smiling at the end ...Me self sold my access for uba ..and even collect tasere loan to load more ..Hopefully it must deliver
Access don waka ..i no even know how to join access

Jejebabaa:
Baba, if UBA can do 75% capital appreciation. Hmmmn.......

Jeje himself loaded ..only 75% na to retire from ur job

Brent ..$68.74

Watch!

Krisuba:
Please what date is UBA pay date. Na DAT one I interest pass oo.

Think 18th sept

mkt recovering small small

TraDeRR:
“Yemen’s Houthi rebels claimed attack “

“A successful attack on Abqaiq is about the worst thing energy security planners think about, because the specialized equipment there would be difficult to quickly replace,” said Mr. McNally

It was not immediately clear how badly the facilities were damaged, but shutting them down for more than a few days would affect the global oil supply. Analysts who closely follow the Saudi oil industry said they were hearing that the impact would not be severe — perhaps only a few days’ outage, which the Saudis could cover with reserves.

“Crude prices will still rise a bit, but apparently the world economy dodged a bullet,” said Robert McNally, the president of Rapidan Energy Group, a Washington-based market research firm.


“The drones used in Saturday’s attacks may have cost $15,000 or less to build. The strikes illustrate how David-and-Goliath tactics using cheap drones are adding a new layer of volatility to the Middle East.”

...Would have love brent price to rise more higher ..Na bull we need o

currentprice:
if unexpected event does not happen to the bank like oyel above the bank is worth holding. good than zenith bank and access for now

lucky to those who loaded at 5.40 and i think next lucky buy is now at cp. the stock price is going places in few years time if nothing happen

though other bank will move as well but..... anyway let me before name calling come in... as usual i will re quote this post in future time

Well said boss..I go keep the 5 Afo units i get ..Hope all fundamentals still same

Wish it goes down to top up..But after div marked down it refused to

Watching b4 yr end

currentprice:
Lol... no intention to parables this o, thought i put the bank name ni. 33 @ work

it what everyone knows already. it a day to day mention here, na UBA

the bank data is wonderful for those who knows. the more i check d numbers the more i fall for it.

the fairprice is great. fullyear result will surprise every one

fingers crossed

let me keep my head safe with helmet before stones started flying

Oga mi current affairs ..na fully loaded jejebaba dey co-ordinate that stock o..I dey learn form him everyday ..Hopefully it delivers

Mcy56:
E ku market ooo.
@Peterichy FBN is delivering. I followed you with tashere money, let's see how far it goes.
UACN, Transcorp, Nem warming up.

Make we manage the tasere gain for now

Nse na Cra--y place to predict...Money amongst other things move the market ..Anything can change anytime

Its all about the money

Meanwhile uba marked down ..na back to back chopping be that

Access train missed --Too bad

RabbiDoracle:
I had to google how FX works. It is very different from stocks.

For stocks, the price you see is the price someone paid another to buy the stock. Unlike FX where the price ( bid/offer) is the price that they wish to buy/sell without actually executing any transaction.

How is the bull?

Peter must have eaten his words by now. He said September was school fees period.

Blessed are the patient, for they shall inherit NSE.

Yes u re right oga ..na patience ..Na to break forth we dey wait for now after inter div

Harvest time must come

RabbiDoracle:
My dear, that thing is a terrible gamble o.

First time, I staked 1K and in 3 days I made 180%. Lost part of it. I lost after I had posted on NL.

Later I withdrew my balance.

I later entered again with $500 and in 2 days, I made $3,200. Actually on the second day I grew my fund from 806 to 3,200. First day was 500 to 806. I lost a huge part of it on the third day.

I quickly withdrew the remainder. Make dem no kill me.

Una safe journey o.

That field no be where you sabi book o. Na pure gamble o. You are dealing with human emotions and sometimes the system freezes when those crazy Yankee enter at 3pm with their very fast trading which zaps up and down.

Mo gbe jaaaaa sharp sharp. I can't come and kee myself.

Welcome back oga mi R..onifa na here we need u ..that ifa no go work for that Fx area

https://bizwatchnigeria.ng/cbn-likely-to-introduce-10-year-naira-futures-to-reduce-fx-risks-bloomberg/

Market dealers and the FMDQ are “engaging the central bank to extend the curve of the FX futures because it will create stability for capital inflows into Nigeria,” Bola “Koko” Onadele, chief executive officer for the Lagos-
based FMDQ said in an interview in Lagos, the nation’s commercial hub. “We wish for 5- to 10-year futures.”
The exchange is seeking to bring more capital into the West Africa nation amid increasing pressure on the naira following a drop in Brent crude prices to below the government’s budgeted levels. Nigeria, which vies with South Africa as the continent’s biggest economy, relies on oil for 90% of its foreign-exchange earnings. Its external reserves have also been declining, curbing the central bank’s ability to prop up the currency






Be like say this the one of the reasons for the huge cross dealings since Monday

If all go well..Hopefully Hot money can visit like 2017

Reserve goin down ..cbn need that dollars anyhow

Pls house any auction yesterday ..Results