₦airaland Forum

dharpzee:
Abeg, where is the circuit breaker now o?

Nowhere to be found. Lol.

sellydion:
Both bulls and bears are not my friends but making money

Lol. How can you make money if both are not your friends?
Bear brings about dip and bull delivers ego into your pocket nah. You just have to like the two.

sellydion:
My thinking is that, If they already know we are in recession why the bull?
So in the longterm, the bull may not hold. I dont see market going up during recession

Bros, bull of 2 and half months cant be referred to as stage managed!
NBS did not bring about the bull.
If you check NBS reports very well, they spoke from both sides of the mouth. Same NBS says recession and still talked about improvement in the economy. They are confused and tried to do damage control after reporting the recession.
The thing is, if you missed out of the bull, another opportunity don dey present itself...............No one should bad mouth the bull.

sellydion:
Sister,
It is a time to watch. Not to buy.
This bull seems to be staged managed?
They seems to know the country would slip into recession,
Wait and watch !!!!!

Which of the bull was stage managed?

Btw, I'm just reporting what i observed and my commentary has got nothing to do with bull/bear.
Both periods are important to discerning investors.............

Bargain hunters picking lower and positioned at the bottom of the bid table....................
MTNN.....................bids still outweigh offers................
Dangcem....................still resilient...............

No full offer sighted in the fundamental stocks .......................only increasing bargainers ........................still watching...............

Zenith...................normal tradition taking place....................result just released.................even if there's no announcement, it will still shed price before picking again.......

E KU Market ooo.

As for me, I just didnt see anything that changes much.
Mr. Market just doing its things if I may say.
Prices went up, correction taking place, the cycle is repeating itself.
Recession in Q2 that brought gains in Q3, it can only repeat itself again.
Q2 rate stood at 6.10% while Q3 3.62 or so, its kind of an improvement that should correct itself with time if the present govt is pro-active enough.

Anyway, we keep our eyes on the big caps first............

Updated:
Dividend hunters sighted picking fundamental stocks and using the opportunity of lower prices to increase their stakes..................still observing.............

stockish:
Oh! I see

Tell us you're trying to get expos.
Anyway, you're OYO if you don't do your due diligence, take enough time to study the behaviour of the Stocks, watch their price mvmts and check if it fits into your on definition of JIJO.
What works for one trader might not work for another even though same stock is involved.
To Mcy, ETI might not be JIJO stock buy to you or another person, it may be.
Pls understand that.

debeey87:
There Q3 result was good o. EPS between 20-30k not sure again. Not sure of RoyalEx sha

Nem has always deliver.
Bonus of 9:10 in the past financial year.
Interesting!

Royalex tried small in their Q3 too. Will check the result/EPS.

stockish:
Hello JIJOIST in the house, can we list up to 10 jijo friendly stocks that could pay us big henceforth. I start with this 2, Fcmb and eti
Add yours

Lol. Is ETI JIJO friendly?
As for me, I don't think so. FCMB - Yes. ETI - No.

My list: Sterling, Unity, Zenith, UBN, Japaul and Royalex.

They required patience for the round trips.

*Updated*

Nigeria Economy Picks Up As Rate Of Negative GDP Growth Rate Reduces Gradually From -6.10% in Q2 2020 to -3.62% In Q3, 2020........NBS

https://www.nairaland.com/6271138/nigerian-economy-picks-up-rate#96301967

So Peterichy which one do we believe now.

debeey87:
Mansard is also offering bonus shares soon

No wonder the share price went up.

Any info on Royalex too ?

arduino:
Jaiz and Unity. Enter at any price between 0.49k-0.59k and exit at any price between 0.75k - 0.9k.

Lol.

cucumbar:
thank you. You’ve been really helpful .
Oya o , onegentleguy, currentprice, bullbearmrk how do I contact you guys for your services?

Click on the moniker and send them private message (PM).
Remember to mention it here so they can know it's you cos they receive uncountable numbers of PMs and may not be attending to all.
Some just send PM for sending's sake. No tangible reason for doing so.

currentprice:
babe, the thing go hard you to discover d moniker except you have a forensic mind. as d thing keep disturbing your mind, i can help you with little clue if it still difficult for u to work it out. try more

Lol. I'm not disturbed, just curious.
CP, I can easily get the moniker, I just don't want to stress myself by checking thru 2018 posts and matching Megawealth's posts with the old moniker, no time for that.
If you know say it.

Expect more positive news once Peter is able to enter market at bargain prices again........before then, brace up for more negative news.

zimams:
True ...you are very correct. Entry price is very important. But my point is that your entry price and whether you should buy at all should be driven more by financial health of the company and its ability to make profit.
Everything is cyclical... hot money comes and goes. If you bought right and you have medium to long term objectives.... you wont worry about hot money leaving.
Your perspective and objective is everything.

In 2007/2008 I bought Zenith at 47.60/share... it turned to dust in my hands when the market crashed.
The same Zenith is a substantial part of my portfolio today with average entry price at 13.37. We still dey hold....

People wey dey fear recession..... make I remind una say.... na inside this recession wey some stocks don deliver 100 % - 200 % to some of us here....

Just know your objective in the market and buy right.... then allow nature (time + forces of demand and supply/market ) do its thing.....

You guys have tried with various aspects of viewing the topic at hand......Recession ........and I particularly love your perspective.

Let me remind us that Nigeria entered into recession before now........but worsen in Q2 cos of Covid-19 pandemic.
In quote: "Nigeria economy shrank in the 2nd quarter of this year as GDP fell by 6.10% compared with a growth of 1.87% in Q1".
The question is: Did banks/coys made profits during this period despite the global events? Did some people made fortune out of other's panic selling (at loss)?
The same Q2 when the economy plunged into recession, some still made considerable profits. Most stocks appreciated by +100% or more in the said period.
in essence, there's always opportunities presenting itself in any of these events.

I think you needed to re-assess your reasons for being in this market and not just be there because someone encouraged you to do so.
Let's remember that during recesion, investors tends to look for safe haven to hide.........and this is mostly in dividend yielding investments such as stocks, bonds, money market funds or any of such.

While I'm not saying you should not do portfolio re-balancing, remember not to panic unnecessarily if you're in good dividend yielding stocks. You know why? Some bargainers such as Peter are already lurking in a strategic corner with their sharpened cutlasses to make a kill from your panic.

When there's recession, efforts seems to be in top gear to stem or find solutions to it, this may in turn be followed by a recovery in which stock market especially won't be left out.

If you are sitting on a good profit, you may sell to re-enter at much lower prices SHOULD stock prices fall beyond expectations. Bargain investors always make good use of the opportunity too.......as could be seen in March/April 2020 when prices were very low but appreciated when activities picked up in the economy,coupled with reduced fixed income rates, etc.

If you're not in profit, try not to sell at loss. Dividends will take care of things till economy recovers or things normalize.
If you have steady flow of income, it could be a good time to wait for bottom prices and average down......good example is Zimams Zenith holding up here.

The much noised recession might not even be as worst as portrayed, social media has a way of blowing things out of proportion......and may not be as simple/good as it may seems.

This is Mcy's perspective too. Make Una no vex for the epistle.

.......

FBNH, Zenith: Getting patronage despite the dumping................
Quite a lot of bargain hunters sighted at lower region of the table............

Zenith reversed back up.......................to 26 now...........seems result is around the corner.....

.

megawealth01:
Amen... You be my bae any day... Just that I dey like look for your talks back then

Oya tell me your moniker, 2018 was a long time ago nah.

PETERiCHY:
"2021 is the year of THUNDER!"
2008 will be a CHILD'S PLAY compare to what is ahead
Keep your CASH ABREAST.
Those that has ears let them hear what the FUTURE holds........
*ThE OcToPuS*

Peter is out of market, looking for bargain again.
Btw, whose pic is that?

wanaj0:
I render no subscription service ooo

Okay Sir.
That's why I said I'm not sure.
How's market sir?
I used to fear this Oga anytime I see him visit here.

cucumbar:
abeg explain... is it the right time to put head?

Dont buy now, just to be watching the price movements........
Only those that entered at lower prices or long termers have nothing much to worry about..................prices are high already, told you before too.

cucumbar:
abeg explain... is it the right time to put head?

Chaiiii
You know what I'll advice you?
Try and subscribe for stock related services from one of our ogas here.
You'll pay annual subscription and benefit more.
I knew few monikers rendering this kind of services here............
BullBearMrk
Yok
Onegentleguy
Sir Wanaj0 Currentprice Oga RabbiDoracle (not sure)

**Nsempas pls add additional names if you know them**

PENCOM
RETIREMENT SAVINGS ACCOUNT (RSA) TRANSFER SYSTEM:

The National Pension Commission in a press conference issued by its management has set the 16th of November to launch its Retirement Savings Account (RSA) Transfer System.

All RSA account holders can, consequently, transfer their accounts from one Pension Fund Administrator (PFA) to another once in a year – commonly referred to as the Transfer Window. This directive is in line with Section 13 of the Pension Reform Act 2014.

The National Pension Commission has also stated that the RSA transfer application is an electronic platform that will enable seamless RSA transfers and the process would facilitate improved service delivery in the pension industry.

***Dont know whether this is the right place to post this. Just for info purpose only**

austinkenneth:
This stuff is going to at least N1.00 after the conclusion of the rights.

Mcy56:
Yes. It's going back..........moreso with the recapitalization still coming up self.
Anyone interested and will see Aiico at 79kobo should pick it.

Mcy56:
Full bid now.
@80-82kobo wouldnt be a bad pick in my opinion.

Sept 24.
I hope insurance/aiico bargain hunters took this serious then.
Small time, you will be paying for this free services.................shebi Mcy is unprofessional ni.

Aiico which you refused to buy at 79-82 kobo range is now 1.01 and you're queuing up at this price...........Una weldone.

Mcy56:
UBA just have to answer to Access.
Was saying it the day someone talks about taking-over, can't remember the moniker now, that Access will not agree......
If Access moves, UBA moves.....

Nov 12 post.

cucumbar:
thank you, you don try well well.

One of the stocks you should keep eye on don land ooo.
I still mentioned it to someone this week before this Q3 came out (including Zenith)
......and, some of my Ogas, especially OGG has been ringing it's bell here too....
ACCESS .......surprising we doubting Thomases and dishing out surprises Q on Q, back to back......

**Watch out for bottom /support level**

megawealth01:
You always acted maturely in all of your responses back then and now

Thank God.
More happy you now have positive mindset towards Mcy and you can see that some of you guy's perception towards me were wrong then.
May Mercy of God continually speak for you IJN.
Any other testifier?

emmanuelewumi:
Okay ooo, a lot of names in the investment world doesn't ring bell ooo.

Does the name Engr Yemisi Shyllon ring a bell in the stock market? But he is a multimillionaire in the market.

Chris Ogunbanjo nko? and many more

You're right boss.
Don't mind me.

GTB:
Just glanced thru the report.
I won't call it flat but good result considering how the 2nd and 3rd quarter of this year has been. Though haven't check other items but it's a good one overall.
Layman's analysis from Mcy.
Let's see how Mr. Market takes care of it.

Going thru the price list of today, mainly banking stocks and few others witnessed pullback, I won't call it dumping yet.
As result is coming in, we will have more market direction.

BOCgas has been going up for some days now, more like manipulation to me cos the name of the big man buying some stake in it doesn't ring a bell to me in investment world. Lol. Make Una no mind me.

Not any form of advice ooo, BOCgas is highly illiquid.

megawealth01:
Well we keep making something out of it until Uncle Tony starts abracadabra

Lol. JIJO things.

Okk, so you were attacking me before but now chose to be my friend with the new moniker.
Any explanation to this?