₦airaland Forum

Agbalowomeri:
Next time stop using the word 'respectively' when you are on No.7 33bottle

LOL. Exactly!

fxuser:
FBN
- one 307 million offer sitting at 12.40
lollz .. MMM about to pick that up

They might have taken it off already. It's not showing on Meritrade either.

The fear of MMM is the beginning of wisdom.

Jesu Christi....

1.1B units of Access Bank......

RabbiDoracle:
He will qualify.

What does that 9th - 15th represent?

phemmie06:
If na barracks by now Cynthia should be cooling her head in guard room for insubordination for refusing sir Mendes invitation. Anyway I go dash you Cecilia.

Chief, leave matter ooo. Woman na Woman and na them dey control men. You need to see how these small girls dey treat 3 star Generals once they enter the other room. Generals dey turn to beggars....

Agbalowomeri:
Me I only need one or two good hit a year and I am full. My stomach capacity is very small. As I am now, if I no trade till after election I no mind

I truly get your point. You "raped" Diamond bank mercilessly.

There are major and minor hits. . Minor hits are done with very minimal capital and the profit is never re-invested. They are for "miscellaneous" expenditures.

Agbalowomeri:
You mean many

All join.

fxuser:
Japaul
- fresh gap up ...
- its not everyday u see this , #chai

If only they delayed that announcement by 1 week. I was warming up for Japaul right from the day they implemented 1k rule.

Well, there are always some you will miss....

mendes911:
FX,

Correct me if am wrong. Anyone that sells today will not qualify for the dividend, right? Close of register is 9-15th abi?

fxuser:
yes sir !

Agbalowomeri:
Qualifies. Register already closed today meaning no new entrant today

Na that confusion I dey talk be this. I understand that mark down is 8th, but close of register is 9th - 15th...............

fxuser:
UCap

- price marked down for dividend
- divided newbie buyers beware

FX,

Correct me if am wrong. Anyone that sells today will not qualify for the dividend, right? Close of register is 9-15th abi?

Agbalowomeri:
What of those of us wey no get plan? what do we trade?

We trade the fallout of other people's plan. We trade when they slip.

sellydion:
Abi, Stock are not the same, you know. NASCON is a market leader. Anyway I trade my plan.

Cool. That's the koko. Always trade your plan, every other thing is pure noise.

fxuser:
FBN
- strong finish yesterday , closing on full bid
- shud break back above N12 early

You need to discount MMM activities. Same MMM played a role in GTB and Zenith.

RabbiDoracle:
Are you forcing her to sell?

Where is my nkwobi + Heineken?

I no force anybody oooooo. I get the power. We should all have our trading/investing plan which must be adhered to.

On the Nkwobi and Heineken, Cynthia don postpone the outing.

sellydion:
No, Now, I did not tell you when I bought now. I am just saying generally, if I don't see significant margin on the upside, no trade.

I hope a significant drop will not force you to sell......

Princkez:
rem this stock is very stubborn

I am more stubborn. It's not a do or die affair for me. It's either it comes down for me to buy or others will buy at this price or higher.

sellydion:
My dear noting to reverse for this millionaire stock. Watch out.

My family and I sidon for N15.00 junction dey wait for the bus (that's before dividend). Am not saying it must happen, that's the safe place for me to wait.

sellydion:
Say it again, that is my dividend stock!!!!

Hmm, this one might reverse in price. I hope you are an investor and not a trader.

NASCON N1.50 dividend.....

Dividend yield of 6.11% as at present price of N24.55.

phemmie06:
The National Insurance Commission (NAICOM) on Thursday took over UNIC Insurance Plc.
The take over is coming on the heels of the Commission’s drive to sanitise the sector and ensure safety of policyholders investment in the sector.
Although, UNIC Insurance has been unable to pay claims to policyholders and had weak financial result, the Commission is yet to state its reasons for taking over the firm. Sources within the sector said the board of the firm has been sacked while a four man interim board to pilot the affairs of the company for the next six months has been contituted.
The interim board is chaired by NAICOM’s former Director of Finance and Accounts, Chief Samuel Ordu while Theophilus Eke will serve as its interim Managing Director. Other members are Ifeyinwa Ann Momah and Nicholas Shaiyen. The interim board has an initial period of six months to do a forensic audit on the firm’s financial position as well as point out the corporate governance failures observed in the course of reviewing the financial statements of the company.
It was also learnt that the Commission is prepared to intervene in more companies. Few days ago, the Commissioner for Insurance, Mohammed Kari said there is an urgent need for consolidation between the firms. He said aside the underwriters, all other insurance operators especially brokers would also need to consolidate.
Kari said the resolution to consolidate was reached and agreed upon by the regulator and operators at the Insurers Retreat held recently in Abeokuta, Ogun State. He further advised operators who are seeking or may want to seek for a new operating license to acquire some of the existing weak companies. He said consolidation will enable the companies to strengthen themselves financially.
He stressed that the Commission found that out of 27 companies, only 6 or 7 have paid dividend in last 3 years.

https://trwstockbrokers./2018/03/09/naicom-takes-over-unic-insurance/

Next action is forceful takeover by a new investor.

1k rule is working joorrr. Good.

Agbalowomeri:
No results till April

Have you gotten the memo too?

RabbiDoracle:
Na commonsense na.

You think say people no know... Na why I scream reversal as I saw the first update. The travel to 40k starts now. .

On a second thought, NSE herd mentality no get part 2. Who are those that willingly bought at 47k today? What was their plan? Sell at N2.00?

#ButThatSpeedLaneShaaaa

Tolktob:
Are you PA Migiet

No Sir.

I worked for Pa Migiet when Mama Ejiro was still in existence.

FXUser,

Please, what sayest thy chart on Zenith?

Yayira:
Please just agree with me that an adjustment in percentage needs to be done once a 0.50k stock fall to a certain price and let go watch film in a UNIC cinema..

Is it on full offer now ?

Why should the percentage be adjusted?

The essence of the 1k rule is to either force management to perform better or bring about forceful takeover of the company.

By reducing the 10% margin, this will have opposite effect on the desired outcome of the 1k rule.

RabbiDoracle:
The trades were 11m + now it is around 5m with reversal in price.

Man mi, NSE no get business with you. Na your broker. They will debit your broker, then broker will debit you.

Make we dey watch them naww.

They can only correct this by cancelling all trades done today for Unic. Anything short will bring about more confusion.

Yayira:
I know what exactly what the 1k rule means.. I’m saying they should redefine it.. You don’t have a system of 10% or 5% and you expect that rule to work! .. They have to adjust the % too else what happened to would repeat itself.

I don't think what happened today had to do with 10% or 5%. I believe this is programming error. Maybe there's no explicit definition on how a stock will behave once it's below 19k. They need to just adjust a line code somewhere.

If........
Then..............
Else.............................

RabbiDoracle:
Reversal ongoing.

Story.

Am waiting for them. . How will the reversal happen? Cancel all trades done today?

Yayira:
I think 1kobo rule should mean lose or add 1kobo by day till it gets to last bus stop which is 1kobo. NSE should redefine that their rule again oo

1Kobo rule is that a stock can lose it's nominal value down to 1k (earlier it was 50k).

While gaining/losing it's value, it can only gain/lose a total of 10% daily (5% during pre-trade, 5% during trading), rounded off to the nearest N00.00.

A 48k stock can lose 2k (5% of 48k) during pre-trade) and a subsequest 2K (5% of 46K) during trading, bringing the total to 4k.

RabbiDoracle:
Mendes knows and that was why he quickly said they should not reverse the trades ooo.

Remember the day shares of Bank PHB was suspended, did they cancel all trades that were executed that day? I no go vomit this profit oooo

RabbiDoracle:
The system na.

If it works for you guys, then enjoy your loot. Normally such trades should be voided.

Well, I get your point though. That means they will void all UNIC BUY/SELL trades that went through today.

They can do that but it's not right though.

It's like saying they will cancel all trades of Japaul since it went on full bid if it turns out that Milost was never going to inject any funds..... (Information Glitch )

fxuser:
Ucap

- closure : 9 - 15 March

#reminder

This one will do full offer today. Guys are not willing to go for the dividend.