₦airaland Forum

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RosyIsBlessed:
I'm planning to buy shares. Please which company is best at this time?

Difficult to recommend a stock cos your investment objective wasn't known......is it for short, medium or long term? A trader or an investor?

ositadima1:
From my tiny experience , Zenith is unlikely to revisit 12 dis year or even next year. If you look at its ADX, Average directional index, it has been bouncing between 15 and under 25. It looks like some deep pockets are accumulating the stock. With lots of $$$ the best way to enter a position and maintain d cheap price is to buy slowly over several weeks. I believe once the deep pockets are true u will see serious movement to at least cover d gap of GTB.

Seems you're really following the trend now.
Deep pockets are accumulating, they dont mind putting higher offers to keep the price down as long as they're yet to get their fill...similar to what is happening in wapco.
Zee will likely still close its gap with GTB.
GTB will relax small at circa 25.......any extra on top na jara.

** This is barring any unforeseen circumstance anyway.

lancee:
mental and emotional ..Don't be surprised if u see it 12 again b4 end of the yr
Oga mi M. Mende been a long time

Oga Mendes nah chairman o. Zee go just dey poo anyhow for him....he sabi the stock wella.

Mpeace:
That yeye 10milion offer in wapco has shown up again. Anytime the stick wants to go up, the offer just shows up.

Wanted to mention it to you earlier that the guy don relax today ......not knowing he was stuck in traffic.

Maybe he's the one in Zee too. The 10M surfaced there today.

ositadima1:
True sir, it's hard to push 10 mil and above around. That is why I said buy one relatively cheap stock (Zenith for me) and keep for both appreciation and dividend purposes. Then, play JIJO with smaller cash like anything below 3 mil, as it would be relatively easy to dispose quickly.

Again, I can't agree more!
Not easy to push large fund around.
Just my opinion anyway.

lancee:
Decided not to sell yester during the panic .. Based on the present result i believe the next 2 results will be fairly ok , if the pandemic slows down a bit more ,will leave most for the div next yr .. It goes down will buy lil by lil ..Maybe we fit see 12naira again

I hope this strategy go work for me

It should work.
It's a stock that can give mental stress to traders.
Honestly, to me, Zenith should be kept mostly for dividend purpose if someone is not a trader or in need of cash from time to time.
If it goes down you'll be topping it up.......

lancee:
You re right ..Be like say any small cap appre pple will just dump and take profit ..

Think what he was saying is targeting a stock to get that 10-20%.......if I get him right.

E Ku market o.
*edited*

lancee:
You re right ..Be like say any small cap appre pple will just dump and take profit ..

Zee moving again......nah wah for that stock
Whosoever is in Zee should just know why they bought and not be moved by daily jumping up and down of price.

Price fall stabilized.
Some form of reversal sighted.......

* Zenith reversed from 16.05 early market dumping to 16.70/75 now.
* GTB turned from red to green already..
* Bids building up in the FUA....

Just observation....

ositadima1:
It appears one good way of profiting from the NSE is to be a trend follower........
Also do the following:
1. Follow d gurus here like OGG and Oracle and CP, BBM, Fxuser, Pa Emma.... to spot opportunities.
2. Have one stock u bought considerably low as a source of dividend.
3. Focus vs diversification.

First point fixed.

Can't agree more with these points, very good strategy in my opinion.

Here is the link to the amount earned by some of the bank chiefs in Q2 2020 declared interim dividends alone.
If this doesnt inspire you, keep waiting till the day you'll grow your asset up to their levels' before you start investing..........like they told you they started this big too.

https://www.nairaland.com/6103044/jim-ovia-earns-n1.52-billion

Prices/fall stabilized in some of the stocks towards COB yesterday.
Let's see how today goes again.....

ojeysky:
That zenith matter no be here at all, I don increase stake for UBA jare, I still prefer it over access at the current price.

Zenith is good but it receives attention from lots of investors and money bags.
They can make or mar it at any slighted thing, one of the reasons I'm not a fan of Zee.

*Edited*

........

Mpeace:
World stock fell, NSE fell . World stock rose, NSE refused to rise. Now world stock is falling and yeye NSE want to join them.
BuBuNaija the economics of destruction

NSE na wah.
It could be the guys feeling heat in other countries' stock exchange that are causing panic here.
Most of our stocks performed well, though there's general instability in the system anyway.

RosyIsBlessed:
I'm planning to buy shares. Please which company is best at this time?

Maybe you should hold your money for now.
Market is not smiling today suddenly.
Keep monitoring the movement.
This is just my opinion.

ojeysky:
Kai uba fumble o....no wonder people are buying access....they no try at all. It's going to be a red for them today fa. Thanks jare

UBA still try in my opinion.
What will you say about Zenith that tried but the price is still crashing? Funny stock.

Mpeace:
Meanwhile, that 10milliin offer is back again.

Also saw the offer yesterday. Very scary!
When I minus the 10M yesterday from total offers, it was left with just 3M.
It's there today as well with another 8M alongside, making 18M offers at bottom of the table.
Hope those guys won't send Wapco to sub 11 before they'll be satisfied.

ojeysky:
Is UBA not paying interim as well?

I only answered the ones they asked.
UBA is paying 17kobo.
Qualification date: Tue Sept 15, 2020
Payment date: Wed Sept 23, 2020

CashDiMkpa:
As in...
Even me sef dey interested if it will make me money.

onegentleguy:
^ ^^ ^^^

Those looking to argue stock mkt investment related matters with our dear sound engineer... a notorious disk jockey/music producer.
Pls continue....

Lol.

BIGBANG007:
... Apart from your over glorified deadbeat capital intensive (IF YOU WANT TO PROGRESS, NOT THE LESS THAN #10,000 BULLCRAP) NSE you have no idea of other far better means of trading.

Oga, just go ahead and market your products.....but don't post it here, just post the link and we'll check it out.
As you see me so, I dey find alternative investment that can guarantee me 200% ROI in less than a month self, I don tire of this kobo-kobo paying investment.

veecovee:
Somebody help me with access qualification date pls?

Dividend: 25kobo
Qualification date: Thur Sept 17, 2020
Payment date: Mon Sept 28, 2020

pluto09:
The guy is most likely a trader who trades all kinds of financial instruments with leverages.
If someone is used to using $10 to chase $100 profits, explaining to him how stocks with 10% profits is good might be difficult.

Thanks bros.
You're right. I just wasted my time replying him...

Lancee did you see Zee?
Talking about tradition, think I was right here.
They will still come for it, but crashing the price first.

......

ositadima1:
If u be average investor, u go old or even die put while wating for ur investment to be large enough to yield such millions at 1.7% return.

Dividend investors will not see it from your perspective.
Must your investment be up to that?
Using the CEOs as case study was just a way to drive home a point.
If you're a dividend investor, you don't view it from just one declared dividend but you view it wholistically.
Even with 200k investment, you can make something out over a period of years if you're in a good dividend paying stock and you're a dividend investor.

ebuka1997:
Nigerian banks profit

Zenith leading.
Still wonder why the bank remains under-valued despite the fantastic Y-O-Y profit turnouts. Yet there's big margin btw it's share price and GTB.

BIGBANG007:
KINGs...
How do you guys do it... How do you guys settle for 0.50 kobo profit... How dose it feels holding a position as long as almost forever... The dividend at the end of the day, is it worth it... The fact that over 80% of our home based institutions are jokes, it somewhat baffles me that people still majorly buy this 0.90 kobo in earning and #10 loss stocks... Do you put in major funds or what.....

IYGEAL:
50kobo profit can turn into hundreds of thousands, millions even; it depends on units. This is a game of numbers bro.

I concur @IYGEAL .
It's a game of numbers.
** In the recently announced Zenith interim dividends of 30kobo in Q2 2020, Jim Ovia will be pocketing N1.52B.
** Herbert Wigwe of Access: will pocket N379M with 25kobo interim dividend declared by Access.
** Tony Elumelu of UBA: will pocket N391M with 17kobo interim dividend declared by UBA.
.......and so on..........

Moral of the lesson: There's possibility of those kobo kobos to translate to millions.

nna777:
I want to believe you are talking in terms of the drop in EPS. It was expected. Access was on the news sometimes this year for 2 issues it had.

Access is getting it right. By the time those who are waiting for it to be right enter, it will be trading in double digits as standard price.

Not really about the EPS but about the coy's buy-buy in recent times, as well as the diamond acquisition.
Access tried with the interim dividend.....wonder where banks get such kind of monies........acquired other coy's and still made that kind of profit.
It's well.