₦airaland Forum

APR Q3

http://www.nse.com.ng/Financial_NewsDocs/27846_AFRICA_PRUDENTIAL_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Mcy56:
Not so great but I'm fine. Thanks dear bros.

That too shall pass away!

I hope you are not one of those praying against my 10%. E no good ooohhh

Mcy56:
All of you forming UACN support group, una weldone o. Keep shifting your bids backwards you hear.
Mendes911 wehdon o.

Good afternoon Sis.

Hope you are doing great.

pluto09:
I understand....
I just want a 10% decline in uba and zenith to bring my average purchase price down....

You no dey ever buy finish? Kai, must be like you when I grow up.

swilo:
May be difficult to get one mendes day.

If it happens then one mendes day beget another mendes day.

You mean 10% daily loss? I agree with you.

pluto09:
I want more of uba and zenith....
Hopefully we can have just one mendes-day of 10% decline

One "mendes-day" is not about the percent drop ooo. I think Sir Agba was referring to those days of panic sales.

BTW, UBA result to me is superb and good!

http://www.nse.com.ng/Financial_NewsDocs/27833_OKOMU_OIL_PALM_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

LOL.

No wonder they were scared of releasing the result and opted to release the dividend payout first. Though they have an improvement this quarter but Q1 still biting hard on them.

"Timeo Danaos et dona ferentes"

Agbalowomeri:
Oga you dey make me laugh
First as a core FA person myself, I have always said this is a buyer's market meaning anyone who buys for medium to long term will make his profit
You have just done what I can call a 'tunnel-visioned' analysis.
Now I ask you, what is the difference between your so called 3-months that you fell in love with and Jan-Feb-March?
Have you also conveniently neglected the YTD comparison with 2018? What is your impression about that?
A stable nse will that we all know will record a consistent YTD 60-40 foreign-domestic participation which is so evident in the daily volumes of stocks
In a bull or near-bull, you would expect a consistent > 400million daily volume of stocks; in fact, during bulls it does > 600million daily volume of stocks consistently

Back to TA, you cannot separate the term 'bottom' from ASI, that has has been my debate; ASI has been making new 52-weeks low almost daily for many days now so no bottom in sight yet
Many of these banking stocks are within 5% of their August low
Give them only one Mendes-day and they will sink below it

And one or two "Mendes-Day" I ask thy Lord to doeth for me.

Reactions to just released UBA and FBNH will provide more insight today.

RabbiDoracle:
When you start seeing 10% bid for weeks, that is when you will start sharing stories of how stocks was low and you didn't buy. Then door will be so tight for people to enter. It will be all bids not offer.

If the market wanted to fall, isnt it the norm for people to bring out their wares. And place at 10% below market price? That isn't happening!

Are you sure the expectation of Q3 result is not what is presently holding the market?

In as much as I don't expect those crazy daily 9-10 percent loses (though impossibility is nothing in this market) but I expect the market to tank the more after results.

Just my gut feeling.

Nigeriaunited60:
Please have NAHCO released their half year 2019 result. I have checked NSE corporate disclosure section and nothing on NAHCO shows.
Any info is highly appreciated.

http://www.nse.com.ng/Financial_NewsDocs/26918_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf

There you go!

http://www.nse.com.ng/Financial_NewsDocs/27811_UNITED_CAPITAL_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

UCAP Q3...

RabbiDoracle:
I believe the panic @mendes was talking about just passed (today) . It didn't even dent stocks to August low.

Market is looking up. The weak hands have sold and they will buy higher

If prices reach August low, buy more. But I doubt it.

Oracle Himself, if I didn't know you very well, would have called you a learner (but we are all learners though).

There wasn't any panic today naaa. Take Zenith for example, that was a case of a single seller offloading at #17.

Have you forgotten your narrative about Janet and drowning. Well, I think Janet took the first gulp of water today. We will know more soon.

I could also be very wrong but am sure we haven't witnessed any panic dumping of stocks yet. Imagine what will happen after Q3 result would have all been released? Let me stop sounding so negative shaa.

Agbalowomeri:
Banking index undergoing the double whammy experience

Part 1 ooohhh.

Mcy56:
I wouldnt be surprised if GTB still close positive despite the bashing ongoing.

Don't mind them Sis. They are just manipulating the stock. Don't sell your shares oooo.


#BIKE!

mendes911:
Judging by this body language, GTB will likely touch below N25 before year end.

GTB... This one might go below N25 far faster than envisaged

Agbalowomeri:
Oga Mendes you sha wan set me up
When people begin talk say you good for market
Just know say ya disgrace is near the corner
Mr. Market is a jealous fella

Market wey never fall your hand since the era of ValueFront, e no fit come fall hand now.

swilo:
Sir Mendes, this is an awesome display of knowledge. My only challenge with Agba is my impatience.

OGG gives me a range , CP comes with his point and kill within that range , then Agba comes with this funny expression

Chief Swilo, Agba is complicated! You need to decipher when he's serious and when he's just catching fun with words. Both scenarios are very very similar.

Agbalowomeri:
People wey dey enter bottom at the wrong time of the month
Let me just come and be going before OGG talk say I dey sleep for here

I always don't enter until there's a panic selloff. Zenith charts were pointing for a mini bull few weeks ago while it was selling with volume at #18. You pointed it out then but I refused to enter due to the absence of a panic period.

Mcy56:
The bolded got me laughing out loud. The broker would be like: WTF!! Loco, Agba don rub it on you.
Well, who doesn't like a stock to bottom-out and key into it...........but knowing this is tasking since Mr. Market cannot be timed. Its well.

I have my way of getting the bottom. Just do a 20% markup to whatever price Agba quotes or I go verbatim with CP's own. I also do have my target stocks and just waits for the opinion of these two fine gentlemen to tally with mine (80% match is good enough for me).

Agba really knows how to predict the market but don't take his prices verbatim else you will never purchase any stock.

CP is also very good at pointing out "bottoms". He hardly quotes prices but whenever he does, the price sticks!

locodemy:
Anyone who wants to make money in this market must like bottom.If not,no money for you.

I asked one of my new digital brokers to move my acct from one of my Analog brokers to their acct.
When the analog broker called me and ask the reason why I want to transfer my stocks to another firm.The first thing I told him was because of BOTTOM and he said WHAT.........

I began to explain.............

Some people need to understand the bottom we are referring to here.

Even oga currentprice love bottom very well.

I need to know if Aunty Mercy like bottom too.

Aunty Mercy herself is a "BOTTOM".

During the very old days, we were at the mercy of our analog brokers. No matter how bad market be, they never get to purchase stocks for us at the "bottom", the "bottom" were exclusively reserved for them and them alone. They only sell your stocks at the bottom, and most likely they always sell to themselves.

But in this generation, every one of us has access to the "bottom".

veecovee:
Generation of ...

Generation of BOTTOMS. Glad to have witnessed it. How I wish my youth was of this generation!

currentprice:
it look so o

another bull at d corner soon

But am not too impressed. Badges of RED everywhere but the injury is not deep. 10 kobo to 20 kobo loses. Mtcheww.

This is looking like a 3 days bonanza. Should I call today day 1?

CC: Currentprice.

RabbiDoracle:
Tenants dey take you go court ba?

That is why people prefer portfolio than building yeye houses.

With what I know about stock trading, owning multiple properties na waste of time and money. Big time.

Once one ain't too greedy in this market, stock trading far beats what property trading can fetch.

That's my own point of view shaaa. What works for me!

PharmAlfred:
Oga, abeg pity Chibuking na. You can see his comment on this platform is now bearish. Let him recuperate first from the shock the market has given him.

Chief, did he allow us to drink water and rest then?

Life na turn by turn ooohhh.

Mcy56:
Oga Mendes, i suspect you're one of the oyel and moneybag guys here, abeg dont forget me in your greatness. I remain loyal sir.

Me wey no get portfolio?

Sir Loco is our one and only "oyel" chairman.

Mcy56:
Chai! Agba you've taking over from Chibuking81
What if it's actually accumulation, cos how can they be staking such high amount on something they're aware might still go down? Just wondering.

Please, someone should check on Oga Chibu. To have shouted bear bear bear for over a year and then end up entering the market at it's peak. I can't begin to fathom the feeling.

Mcy56:
You just wan laugh me bah. If I have close to half of that money, you no go see me near NL at all talkless of monitoring prices upandan.
Na to say you pray for me sha, and I receive it IJN.

On top all the Yenagoa oil money and you still no get half of that money. Talk true jare.

Agbalowomeri:
Distribution u mean

The thing is preparing to nose-dive

E wan gather passengers wella.

DOLLARTEX:
international brew embarking on a right issue for 9 Naira.nothing wey Aisha no go see for villa.

Them mighty crashing anyhow.

LOL.

Mcy56:
They've started packing GT today again, guess some entities are busy accumulating it. Retailers don suffer for dem hands.

Entities like you. Respect Madam!

mendes911:
GTB Result dropped and no movement.

Hmm. This cloud toorrr.

Judging by this body language, GTB will likely touch below N25 before year end.