₦airaland Forum

wamiikechukwu:
Well, I am not in anyway advertising wealth.ng, I came across them late year and used them today to buy some stocks, so I basically know nothing about them.

Don't mind me.
Will be nice to know another broking firm that can serve as good alternative also, reason I said you can tell us more about them but since you don't know much, it's fine.

yom2:
Please where do I access my relieve fund for the covid compulsory holiday am in lagos?

This oga self. Is 9ja sharing fund?

GonFreecss1:
Thanks for your response dear.
Yeah the coast is clear. I don’t really want to be too optimistic, since timing the markets is impossible.
My advice still remains, by nice companies in tiny amounts gradually. Set your orders. As someone said above, FPI leaving has nothing to do with us, they just want liquidity in dollars. That’s their business.
First we have coronavirus hanging on our neck, then the oil bruhaha, then we have the end time prophets and conspiracy theorists. All these will pass, If you ask me though I am a bit worried about the naira.....

Thanks for this dear.
Your submission is equally in line with Oga Oracle and OGG's views too.
We hope and pray that all these rather unfortunate issues will pass away soonest.

dipoolowoo:
Nigerian Senators Donate 50% Of Salaries To Fight COVID-19
https://businesspost.ng/general/nigerian-senators-give-50-of-salaries-to-fight-covid-19/

Bunch of unserious people. The amount they will collect back in double-fold under one non.sen.se allowance.

Dipo, abeg we need Wapco board meeting outcome if you see am.

TLAX:
Is the money from CBN in form of grants or advance payment for drug purchase?

Lol @ advance payment for drug purchase.

It's grant nah, to boost the sector, and could extend to research aspect, drug production/manufacturing as well as improved performances among others.

PETERiCHY:
Some have eyes but they can't see while some have ears but they can't hear better join STERLING BANK now before it's too late.

BARGAIN HUNTERS TAKE NOTE!

Why cant it do 10% today?
You leave share come dey pursue shell upandan. Bushmeat go soon catch hunter. Kwantinu.

dinyelutochukwu:
Peter is just an anywhere bele face guy.

I tire for him

PETERiCHY:
WAPCO just touched N8.55
Their journey to GOLGOTHA about to commence.
BARGAIN HUNTERS TAKE NOTE!

How you make U-turn amazes me.
Anyway, it touched it intraday with all volumes below 100k block, price didn't change yet.
Guess you're looking for bargain and want to create panic.

OBAGADAFFI:
https://nairametrics.com/2020/03/21/covid-19-list-of-pharmaceutical-firms-that-will-receive-grants-from-the-cbn/
The chosen ones: Some of the pharmaceutical companies listed by the CBN Governor are Fidson Healthcare Plc, May and Baker Plc, Neimeth International Plc, Unique Pharma, Swiss Pharma, Dana Pharma, Orange Drugs, Sagar, GSK, Emzor Pharmaceuticals.

Lol. Just like week I mentioned that nobody remembers the pharmaceutical coys. Maybe this is their time.
There were cross deals in Meyer too, people should just be careful of this.

Glaxo, Neimeth on full bid

aremso:
gtb has paid

GTB went ahead with their AGM.
It's the Tony coys that refused to pay.

Shareholders seek conversion of final dividends to interim following postponement of AGMs due to Covid19 pandemic ravaging the world........Vanguard

They better make it mandatory for them.

locodemy:
Which companies are holding their board meeting today?

Wapco.
We don't even know if it's postpone or not, but no news on such.

thebargainhunte:
Oza room should be allowed because it removes pneumonia.
No oza room, na cold( covid19)

They said make we dey take hot/warm water or tea.

thebargainhunte:
The two paddy...no oza room this time around.

They banned oza room too cos of Covid19.
Oza room will come later later. Lol.

wamiikechukwu:
I saw the requirements to open an account with Morgan Capital... I weak.
I opened with wealth.ng
I am Planning on buying 1,000 unit of UBA today but I feel the price is high.
What do you think will it fall below #5. 35?

What requirements for Morgan?
To fill acct opening form, attach valid means of ID, passport photograph and utility bill; if these makes you weak, I wonder what you want again, maybe free account opening.
Nice advert for wealth.ng anyway. Try and tell us more about them for comparison purposes. Some may also be interested if they offer better services.

As for UBA, N5 or below is okay.

GonFreecss1:
Thanks dear. You know you are the one I missed the most.

Saw my question earlier? About the stockbroking firms?�

Lol. Nice to see you're coming back to NSE.
So, the coast is clear or what do you have for us?

Yes. Saw it and was about to reply, Morgan remains the cheapest so far and they improved on their customer service too.

Hope everything is great at your end.

TLAX:
I have a feeling that word defensive stock is confusing people o people are confusing it with ability to defy price trend so i have gone to Investopedia
What Is a Defensive Stock?

A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. There is a constant demand for their products, so defensive stocks tend to be more stable during the various phases of the business cycle.

This and Sir OGG's response takes good care of the subject.

GonFreecss1:
Good to be back right after this post

You're welcome back!

sellydion:
This is a tough love buying at 1400 and reduced to 800 in the name of defensive stock

Over a period of when and when?
Remember some of the major holders didn't even buy at N200 or more than that. Na our Papas stock, lower price will only afford intending shareholders to also take position.
We should just bear in mind that Nestle is not for small boys or everybody sha.
I rest my case.

DeRuggedProf:
I understand what you are saying.
I only wish no defender will defend into the net, across the goal line as Nestle has done and seems not yet done....

Sir, I don't seems to understand the reason(s) why you single out Nestle when other good and fundamental stocks had also shed over 80 to 100% or more........which some "not so relevant" stocks didn't even shed.
Can we say the likes of GTB and Zenith are not defensive to some extents if not for the global pandemic that caused fear across board?
As for Nestle and all these other stocks, quite a lot will rather see it as an opportunity to either be a shareholder or to increase their stakes, at least for thosr that can still afford it.
Anyway, people will always have different views but Mr. Market will surely do what it will do at the right time in as much as NSE is not closing down.

DeRuggedProf:
Defensive from N1,400 to wherever it is now? .

Prof, in my layman's understanding, Nestle is a defensive stock.
In a situation where FPIs are involved and selling off, we don't expect Nestle to remain static and not partake in the price shedding.
One of the reasons could be attributed to FPIs having quite a large chunk of the total shares; remember Nestle is not even a Nigerian owned coy and has large number of expatriates, I stand to be corrected.
Aside, major panic selling such as the type witnessed this month, it can only take deep pockets to sell 100k block units that can either move the price up or down, which comes once in a while, thus making the stock to maintain its price for a long time even if it's trading at day's low/high intraday.
Just know that some may be watching it as a hawk as the price is going down and getting ready to take advantage of the low price to jump in or increase their stakes.
Nestle is equally a dividend stock, which entering it at low price is more advantageous in terms of price appreciation and dividends.
That's my opinion.

IYGEAL:
He even showed a snapshot. I still doubt.
Only him has said he was paid. Seems odd. Very odd.

I doubt the authenticity of this claim.

Enyinne:
My Oga’s ,Happy weekend. Pls what’s your take on Nestle price if I want to purchase it at the current rate.Do u think the price will go lower given the economic situation and impending recession. Kindly advise me as I want to buy small unit . Thanks

Nestle traded at 700+ intraday.
About price going lower, it may or may not......but likely may go down a bit more.

To me, there's no good time to acquire nestle than now, it's such a rare opportunity that comes once in a while like this.........from 700+ but it's better to wait maybe it will get to 600+, that will be a good bargain. Purely my opinion.

Hope you still have your GTB, just keep it, you may add more if it goes lower again and, if you still have spare fund.

Bomboclad:
Over to you, let me go enjoy my weekend!

Godisfaithful:
Peteru this is for you ....
CBN suspends FX sales to BDCs till further notice

Oga Myjoy, what does this mean for our market?

locodemy:
Optimism suddenly renewed in Wapco.
Is the result out?

Bids increasing at 9.10.......laying ambush and expecting supplies from the seller.....
We're observing......

Bomboclad:
For those who don't understand how market sentiments work, look @ the rise in Sterling Bank even after a 3kobo dividend announcement that some think is very disappointing.

These ones don't follow dividend like oga Oracle said.
So also Unity, Jaiz and transcorp, dividend or not, they just do their things at their time.

In other news, wapco seller @ 9.10 is not done yet, the stock is ready to move but he wouldnt allow it.........he should just park for one side and allow it move biko.

leo1234:
Interim dividend loading.

Already dreaming about interim div?
It's still far small.

Coolcash1:
Make the thing come down small for son of man to enter.....

It refused to go below 1.50 for the past few days .....but son of man should continue to stay on queue, it may or may not fall below the support.
I wonder who the sellers are, they're not done selling.

Zee and GT doesn't seems to be tired despite cautious trading and fear....
There was renewed interest in UBA and it moved up to 5.35....
Still observing.....

dinyelutochukwu:
@Mcy, you and I are in the same boat. I have averaged down from 15+ to N12.57
I’m not about to throw away all my patience of many months based on panic.
We move.

Lol. We see what is pursuing us first.
The result should be out next week.
Board meeting is slated for Monday 30th March, I sincerely hope they wouldn't postpone it.
I prayed the waiting will be worth it IJN.

rebekah2011:
Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.

What about UACN that still paid dividend despite their debts?
I will see what is pursuing me before I flee in this one, I've kept it for longer than I used to do.