₦airaland Forum

wanaj0:
Long term does not mean you go to sleep. Even with long term, you need to scan what is changing in the landscape. If the fundamentals changes, you need to respond. When you don't trust the management/board of the company, you need to opt out. Many people are buying shares of companies now who are managed by 'crooks'. Of course, the bulls are here so nobody care. When the euphoria is over, reality will dawn on people.

If you bought a company producing typewriters and the company did not respond to the changing landscape with respect to popularity of computers for example, soon that company will be worth nothing.

The market will ALWAYS recognise value. It is just a matter of time.

You have just put "Long Term" approach in the right perspective! All I keep hearing is how teachers bought shares in the 70's and became billionaires.

We had a discussion severally years ago (you may not remember) about RTBriscoe, then fundamentals were good when at share price of N4.00. I had the shares then and after discussing with you, you confirmed what I had in mind. Things changed later and I had to drop the shares pretty fast, I don't know if you did as well but knowing you, you must have seen the signs before I did.

When we paint a picture of long term, we need to make full disclosure for newbies that might not fully understand.

veecovee:
good to remove bad habits ... Even for ur health much alcohol no good cause all the food we eat almost contain enough alcohol the body needs

So you have been taking alcohol as well?

Coolcash1:
To those who feel buying and holding stocks for long like our fathers did need to have a rethink. This is because most of the stocks were bought at very cheap prices, management of those companies were committed to the growth of the organisation and not people after pecuniary gains, macro economic stability was there at the time i.e exchange rate was strong, government created the right policies and environment for businesses to thrive, friendly socio-political climate and so on.

Due to these favourable factors and also sound corporate governance, most of them were at ease committing their hard earned resources into the future of these companies.

Now things have changed! Most of those variables that encouraged them to hold are now almost if not totally gone. The country risk is now higher. For instance, a threat from the niger delta Avengers now is enough to scuttle the ongoing bull in the market. Also, we see a lot of financial shenanigans being played now by corporate executives such that when the bubble bursts it can send the company to the undertaker and investors money is wiped off. I can go on and on...

Therefore, it is unwise now a days to believe you can buy and hold forever or very long time. Constant monitoring of one's investment is germane now. It's best to do periodic portfolio review so as not to be caught in the web of our papas medieval investment style..

My take.

The thing about Emma is that he keeps quoting NESTLE and NB whenever he preaches about long term being far better. CADBURY was once as good as nestle (in terms of fundamentals) before they went under (down below). The man that invested in NESTLE could have also invested in CADBURY.

As far as NSE is concerned, I don't believe in long term. Maximum for me is 1 year (depending on the season) sometimes 24 hours. I once made serious dough trading FCMB almost daily (buying and selling same day) and this went on for over 2 weeks (Thanks to FCMB market markers though).

Prices will always reverse.

locodemy:
Some started jijo with sound stocks since then must have make more than double of what the guy made.
I am not saying long term is not good but it depends on ones plan.LOCO CANT TRY IT.I CAN GIVE MAXIMUM OF 2 YEARS IF NEED.........

People have refused to accept the fact that what works for A must not work for B.

Some thrive only on long term while others do on short term/ JIJO.

No specific method is superior!

I have cycled Diamond (severally and heavily) from 84k all the way to 1.86 when I became uncomfortable with the share price. Would it have been better if am still on the bus, YES but do I regret it, capital NO.

We will still board the bus again after the whole noise must have died down. Onyemaechi? N1.00 won't be bad (though it may be unattractive at this price when the time comes). This is NSE where impossibility doesn't exist.

Skye Bank was once very attractive at N4.00 but I later cycled it from 50k to 76k.

emmanuelewumi:
I

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

Can you comfortably use this same narrative for a branch manager working then in International Bank or Oceanic Bank and having bought shares of same bank?

We always choose to highlight the success stories.

currentprice:
do u think something happen to UBA as well? Uba traded 69b unit toady

Funny... CP, I go blow you head knock!

You know that some stock do pari passu in terms of price increase/decrease. I believe UBA/ACCESS are currently playing same.

Just the same way we had Fidelity/FCMB/Diamond playing their catch up game.

The thing about Access Bank is that if "that" seller had held back his/her/their shares for just 2/3 trading days, the shares will be sold at an additional N3.... But seriously needs to offload immediately and never gets done with it.

Remember how Diamond Bank shares were offloaded last year. They couldn't get a cross deal partner, they proceeded to float the shares at N1.00 and everything was done within a matter of days. And there was no bull then.

Maybe part of what has made it difficult for Access Bank is the fact that no institutional investor with deep pockets is looking their way. I hope there will be fresh news soon that will attract them.

Meanwhile we keep watching the stock for another round of cico.

emmanuelewumi:
Are you sure you can cope with Flour Mills, it may not move for 2 months but it will get there and beyond.

Do you have the maturity and temperament , to be calm when things don't work according to your projections, just that way it is happening with Access Bank?

If only you know....

I know the stocks to go for when this euphoria dies down. It's not for jijo.

And do not cite Access Bank, there's more to that stock and in due course we will get our confirmation.

Just gut feeling, I don't claim to have insider knowledge.

emmanuelewumi:
United capital, Vetiva Capital, Capital Bancorp and CSL said so.

Oga Emma, let this flourmill be naww. Wouldn't you want to buy it for N27.00? Let us allow the stock drop a bit.

And they pushed DangCem to +5%, max of the day. And NSEINDEX..... Zooms.

RabbiDoracle:
Anyone that commits suicide after this NSE rally, I know those who caused it. All of you here on NL are responsible. Because you have succeeded in handing over your load to another person to help you carry.

This market is crazy.

Na so raging bull be.

You know you are the one having the biggest largess. For your units of stocks is enough for a community whereas someone like me have just enough for one person. So you will be responsible for a larger number of those that will commit suicide.

LOL.

currentprice:

Am sure you follow sell at the high of today. Guy man. I sold when the 5M units appeared at 12.80 for I knew our wonder man is not yet done. The amount of time I have dedicated to this Access Bank and the tasere percentage I keep keeping for jumping in/out, na wahala. I didn't put in this kind of effort into FCMB, Diamond and Transcorp and their profit has surpassed but Access Bank capital+profit. This Access has turned a prodigal son!

We will keep watching.

Access Bank, giving some traders ACCESS to HBP since the start of this bull run.

UBA from 13.50 down to 12.37......

Manonamission:
Disclaimer: Total bid value for Caverton is shy of N1.5m ONLY. Traded N3m already. Don't commit too much funds into this stock if you must buy. Getting out will be gidigbo.

I once attempted 3m units with NPF. Damn.... I was in profit but couldn't convert the paper profit. I was only able to sell all when it moved from +22% to -8%....

currentprice:
Access half year report was Audited, access already notified nse of the meetings by month end including plan on dividend.

by the time insider get a peep on the report. dumpT load of cash will be queing for ACCES BANK again off-course nothing bad to go for other stock with very best

but at todays CP which stock is very best

What if they have seen the result already and what their eyes saw is responsible for this dumping? Just thinking out loud. LOL. Time will tell shaaa.

Seems like 1pm - 2pm today will be interesting. Let's be vigilant.

cc. RuggedProf..

Zhirinovsky:
My brother its was a mistake. the person quickly spread the offer in 500 thousand units in different prices and kept some behind.
That has been their tactics since last week but i thought that the bull will definitely bleed them out but I was wrong.

LOL. Very silly seller. I hope you didn't sell at a loss ooo. They will get tired one day shaaa (though it's looking like a bottomless pit).

But the bottom line is that no deep pocket is interested in the stock!

mendes911:
I saw that and I doubt if it was a mistake. I strongly believe there's a calculated attempt to keep Access Bank Share price low. It still baffles me.

They put up that 5m units at 12.80 and other offers quickly joined at that price and below.

And it also seems like none of the big movers of this market is interested (to increase their holdings) in Access Bank.

Zhirinovsky:
I agree with you. I just dislike the cunning way the big access holders are playing the game. I just saw a single offer of 5 million units that was deletd just 3 seconds of it coming up. the seller mistakenly entered 5 million instead of 5 hundred thousand. It is better that access is on full offer so that people will look elsewhere than making 2% in midst of this bull we dont know if such will come again. This is the time for small single portfolio managers to double their portfolio and I dont want anybody here struggling like me to waste this oppurtunity waiting for access to move.

I saw that and I doubt if it was a mistake. I strongly believe there's a calculated attempt to keep Access Bank Share price low. It still baffles me.

They put up that 5m units at 12.80 and other offers quickly joined at that price and below.

currentprice:
let me start gidigbo

if WAPCO numbers good, with the current BULL and successful right share i expect the stock to have double in share

cc PETER

Let the sleeping dog lie. He sold his Access yesterday, hence the reprieve we got today. Don't provoke him to go and buy 1 unit of all the stocks on our exchange!

currentprice:
brought forward his left over of 36m friday and 42m of yesterday has gone.

buyer are ready for him

cc those asking for what to buy. opportunity might not be there 2morrow or there with extra premim

Bro, his baggage is far larger than 78m units.

This Access Bank Entity must have dropped close to 500m units by now. I said it before, this is a case of the army engaging a superior fire power.

And he's callous. Callous in the sense that he's not making his trades attractive at all. Compare to the entity that offloaded Diamond last year. They dropped their price to N1.00 and brought out the whole baggage within a space of 4 days. Everybody saw it, got interested and bought.

This Access Bank guy is doing all he can to dissuade the price from moving up! I sold last week Friday when I couldn't wait anymore and bought back on Monday (well lower than exit price) but my anger is that we are supposed to have ripped good returns on Access Bank by now.

We keep waiting for him.

May this entity loose credentials to his portfolio after today.

PharmAlfred:
The guy selling Access Bank is on another level. He should just do a cross deal at whichever price he wishes.

This is more than a guy. That's an ENTITY. CONSORTIUM.

Agbalowomeri:
You will repeat the same thing when it smokes 6

Are you still holding that your 3.22 FCMB? LOL.

Yayira:
I think Diamond bank smoked larger part of the oshogbo weed. 92+ million bids

You are from Ghana and you know how strong our Osogbo Weed is. Ohok oooo

currentprice:
yes bro

Access might be on full bid before bell ring today

Hopefully, the guy offloading at 11.80 is done. Else, nothing.

Zhirinovsky:
Which revelation sir?
I didn't get the memo

There was a memo from Peter on Access Bank. I guess you missed the feed.

sellydion:
Bull carried the Day

Yes oooo. Forum members will soon start crawling out of their shell. LOL. Been so quiet today.

Zhirinovsky:
It was 30M offer against roughly 4M bids as at yesterday's close.
After 34M traded today, it closed with 46M offers ; D access don do me something

Kai, don't tell me you didn't jump out Friday morning? After the revelation we got in the morning. Na you dey do yourself now shaaa,

currentprice:
Access 46m offer to 6m bid. 34 already traded

Sir Peter advised us on stocks to avoid this week. Did you check offer/bid status of WAPCO?

locodemy:
If you are digging a hole and get the rabbit,wetin u go use the hole do again.
I only sighted money and go for it.
I waiting to catch the money and go my way.

Bro.......Loco senior you for stock business.I dont gamble with my money anyhow.

Confirmed Senior Loco. You don't gamble with your money, you dash them away. I hope you know what this your Spanish name translates in English.

Cadillac15:
I laugh when people talk of Oando. This share can go either way when the time comes. Remember it is a corporate entity and will be punished like a human entity too if found culpable for the actions of the humans running it.

We might see a reconstruction, a huge fine, even delisting. I just hope one big volume buyer will not dump the can on us before the findings become public.

Stop beefing Chairman Loco joorrr.

A stock he has analysed and found value in.