Leezah's Posts
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Kennyking1234:YES and yours is trading 213, right? |
nihilistjnr:summarize |
Dizzyish:No, the reason you here buying is to make profit, so determine at what percentage you will book your profit. |
emmanuelewumi:Why do you say so? |
Kennyking1234:Yes, still holding the line.
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myami:sure kindly send me a pm |
Ibime:Why? |
XiaoLi:No |
yom2:I shared the same thoughts with you |
Kzdguru:This is the best time to buy, Killer zone, aggressively load up. Instead of getting emotional, just relax & focus on how you can make money/benefit from this market pullback/correction. If you cant see or find opportunity then just relax. |
lovinhubby2wife:*Trade Motivation* Before you place a trade, be aware of the downside you are exposing yourself to. Form a clear image of it in your mind, and determine what you'll do to mitigate the damage. Don't just salivate over the idea of finding yourself in a massively profitable trade. |
myami:Hi |
Chaka is better in my own opinion Deposits and withdrawals are almost instant on Chaka, except for some cases where there are bank issues with transfers. yazga:With experience from friends who used etoro, if there is a plan to exit Nigerians from the Platform, there will be a cut off date, a minimum of 4 weeks notice to sell off existing stock. |
![]() SteveOfu: |
posty56:True but make sure you have a strategy |
emmanuelewumi: ![]() |
![]() lavylilly: |
lavylilly:Karleb and earlycareer great input but this group in particular are for newbies, I was once there but left |
emmanuelewumi:Is that's still possible today with a minimum wage of 30k? |
Don’t spend all your income because it’s not enough. I’ve been there. The 5% or 10% you keep changes you and gives you a little control over the future. Nature teaches us to keep seeds from our harvest. Besides, many went broke few days into the lockdown because of no savings -Sam Adeyemi |
ositadima1:Lol don't be greedy be contented. |
emmanuelewumi:The bolded, why & at what price do you think is best to enter? based on my research they are returning good profit Mansard is projected to rise by 112% AIICO 23% Custodian 21% |
It been a crazy journey so far, there has been ups and downs in this market. I started out with as little as $10 and today I am @ $125. Thank you OakPearl for your input. As a young investor, be SMART and not GREEDY, 15%-20% is a good PROFIT but if your fundamentals & DD are good, you can hold for as long as you wish. In addition, I have been learning and still learning, here are few I learnt - The success or failure of a trader depends on EMOTIONS - You are RESPONSIBLE for every trade the market invokes - Plan a trade and trade a plan - Know your entry and exit plan & reason for such trade - Do not make a decision or trade in the spur of the moment because your sense of judgement is beclouded - Impulsive trade are very dangerous - Have a limit to the amount you can risk in a trade i.e. avoid risking more than a certain percentage on your capital e.g. if you started out with $1000, do not risk more than a certain percentage determined by YOU on a trade - Learn as much as you can, ask questions - Do not get GREEDY to trade - Design a trade system that will trade less often - Develop a method for analysing the market e.g if A should happen B should be in profit -Develop a money management plan e.g how much you will invest monthly, quarterly and annually - if you are not sure of a trade, air on the side of caution - Do not deal with brokers with high commission, shop for the one with the lowest commission - Traders LOOSE because of lack of DISCIPLINE or IGNORANCE. - MULTIPLE STREAMS of income is the key to your financial break-through. Further more, Bamboo, Passfolio, Trove dont have all stocks but take out time go through the stocks in your app. An Investor once said, "invest in your girls friend" they love to wear shoes, bags, clothes, wigs, makeup, lipsticks find the fashion company in your app. I am trying to olayt into the NSE because with the rising insecurity, health challenges and protest will trigge higher risk in a year married by global pandemic. Allocate 2% to 8% of your liquid assets to sensible speculative assets or Investments. Finally, a trader/investor is the weakest link in any trade- Alexander Elder. Thank you.
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Mcy56:I recommend trove or bamboo |
emmanuelewumi:Good morning Sir, How are you doing? Please, what's your thoughts on insurance companies in the NSE? What sticks do you advise I buy? I am just starting out. Thank you for your anticipated response. |
emmanuelewumi:Definitely but unfortunately many are greedy and get really burnt. |
Lazyyouth4u:Fear fear follow Emma make e show you road. |
emmanuelewumi:hmmmm |
*Motivational Friday:* Before you place a trade, be aware of the downside you are exposing yourself to. Form a clear image of it in your mind, and determine what you'll do to mitigate the damage. Don't just salivate over the idea of finding yourself in a massively profitable trade. |
Many folks might be aware of the challenges FBNH went through in 2015 because of its legacy loans that went bad. In 2015, profit plummeted from N84bn to N17bn in 2016. And the collapses resulted from a spike in impairment charges from N25bn to N100bn. Since then, the bank has struggled to be what it was. The business of banking is by generating profits through loan creation and trading. Loan creation is the sustainable business and actual banking. The trend of the bank's net interest income over the last three years has been unimpressive. In 2018, net interest income margin declined by 14%. In 2019, net interest income defined by 2%. In 2020 (a low-yield environment), net interest income declined by 8%. There is a major problem here. The percentage of net interest income to total operating income has declined from 75% in 2011 to 60% in 2015, and now down to 55% in 2018. This means that non-interest income has been the value driver for the bank over the years. On the first look, I might say 'okay, maybe the digitalisation efforts of the bank is yielding results. To be frank, the bank has done a lot in trying to drive its digital banking, and there are lots of transactions happening on its first monie platform. But no, that has not been the non-interest income driver. The driver has been trading gains. Banks and PFAs fed fat on trading gains in 2020. How did it happen? Many of these banks had existing bonds and bills at a particular yield. As interests rates declined, the prices of these existing bonds and yields shot up (inverse relationship between prices and yield). And so, these folks sold and captured massive gains. Stanbic fed fat on it as well. Now, we are seeing a rising yield trend again. This means that for existing bonds, and those who bought during the low-yield environment, a fair value loss would be incurred. Banks that heavily rely on trading gains would be hurt. FBNH and Stanbic are cases in point. Put in context, in FY'2020, the bank made a profit before tax of N78bn. Trading gains accounted for 64% of that amount. This means that if you take out the trading gains (in both comparable years of 2019 and 2020), the bank would have reported a 69% decline in profits In Q4'2020, profit after tax actually declined by 38%. This was because of the trading loss they incurred. When I looked at the bank's balance sheet, and tried to see the composition of their deposits, I saw the following: As at FY'2020, the bank had: √ Current deposits: 32% of total deposits √ Savings deposits: 36% of total deposits √ Domiciliary: 11% of total deposits √ Term: 21% of total deposits Although this trend explains that on an overall basis, the funding structure is skewed towards retail base, but that term deposit contribution of 21% is significant. As of 9M'2020, it was 19%. Therefore, it means that the increase in total deposits that happened in Q4'2020 was 47% driven by term deposits. That's a sign of pressure. The profit margin of 10% to 11% is very weak. Extremely week. And this is despite trading gains. GTB profit margin is 44% thereabout Zenith is 25% to 30% UBA and Access do 17%-20% thereabout Rhree major factors drive the earnings value of a bank: 1. Cost of fund (interest expense) 2. Cost of bad credit decisions (impairment charges) 3. Cost of operations (operating expenses) GTB ticks 1,2, and 3. Zenith ticks 2 very well. 3 is well managed and recently 1 has been improving UBA is strong on 2. 1 and 3 are managed well Access is poor on 1, 2, and 3. First Bank is very strong in 1, but 2 and 3 are significantly poor. I ranked than according to the metrics. These are significant long term concerns. Those quarantined amount rose by 51% from N800bn to over N1.3trn. If you take a chunk of that amount to create loans, you might earn more and your net interest income could improve. But that also comes with a cost (opex and provision for impairment). Copied! |
Dijita:Ignore him |
skydiver01:Sir your view, Once Amazon start accepting beatquoin payment on their site, others will follow. |
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