₦airaland Forum

TLAX:
This week....or next week at the latest.

Thanks bro.

Hello everyone, I have been off the radar for a couple of weeks. Any idea of time frame when Trancorp will release results?
Thank you.

OBAGADAFFI:
No mind me.

The market is confusing @ the moment.

Watching SKYE in 3D

House, abeg, any opinion if Skye is a good short/medium term buy?

Jejebaba:
What if you are resident abroad and you also import money to NSE and your country of residence doesn't have income tax.
Any advice for such person?

Answer copied from VAIDS website FAQ:

What about assets that are owned in jurisdictions where there is no tax payable?
The use of Tax Avoidance Schemes is legal but tax evasion is not. If the ultimate beneficial owner of those assets had paid all taxes on the funds prior to their transfer to the tax shelter, then there will be no additional liability except any tax payable on further income earned on those funds. However if the correct amount of tax was not paid prior to transfer, then a liability exists and Government is entitled to trace its tax claim through to those assets and any income that arises from them.

Agbalowomeri:
What of those that trade stocks? And those who import capital

For those who trade stock, no problem as long as the initial /additional fund poured into stock is already taxed, remember that your share sale is already taxed. For those that import fund from abroad (like me), no problem as long as your source of fund is already taxed in your country of residence. However, if you are resident in Nigeria and your income is from abroad, then you need to explain or pay tax to Nigeria on the initial fund.

I see opportunity to buy...only when this bear finish growing bear bear. My sight on access and Transcorp. House, any thought on these? I jumped out of Transcorp last week with 70% profit, it made me smile, maybe I can reload after it has shed some weight, but something tells me that access may shoot up someday soon. I am trading with my money, so I can wait a bit if I buy in. I will like your recommendations.

Of course I know I am trading at my own risk

Na wah oh! People just dey sit on the fence with their money. Low volume trade so far.

Parisfran:
Analyse this.

Is the US equity market correlated with ours? To me the answer is no.

In the last 5 years, their DJIA has done over 80%, while ours is just doing 34%.
Infact in 2015 and 2016 both indexes where moving in opposite directions.

Discl: I'm neutral, neither pessimist or optimist. That's why I bought various stocks, so as to not get feelings for any company.

Look at the graph again, how is this not correlating? The percentage rise and fall is only different, but the trend is [b]mostly [/b]in same direction.

House, do you think Access is a good buy at today's price. Thinking of diving into it. Or make I wait small? Please your brother need answer urgently.

Some are still hell-bent on buying OANDO, see heavy bid. Do they know what we don't? I am a fixed investor for past months, but if I was not in, I won't enter at this stage.

Elders, abeg, roughly when do we expect Transcorp results? Jumped out of the boat on Tuesday, it made me smile big time. Wants to time my next move.

Caution; its highly volatile, one needs a long spoon and avoidance of greed with certain NSE stocks

mendes911:
Which numbers will they use to review this one? Just use your guts or throw a dice? Which ever number you hit on the dice will give you the perfect price rounded-up in naira (i.e. 1, 2, 0, 4, etc).

Meanwhile, my senior brother Sam Loco said their FY result will be spectacular. Very spectacular.

Any ideas about the time frame of Transcorp results?

sellydion:
Bad news struck OANDO

what bad news? Am wondering why there is a 66m bid on it today with no one selling. Any other info apart from the usual nonsense from Tinubu?

declaration; I have some shares

I still struggle to understand why access seem reluctant to zoom off, anyway, maybe the bus is waiting for me when I drop off Trancorp at my bus stop.

*not a recommendation*

samzepaparazi:
Blood of zachariah

Who is pumping 50million units of transcorp at once.
7 times now thats 350million units by one entity as at this time


Im not decamping again

I have perished the thought of decamping since Friday. I know that a lot is cooking, I'll ride with it.

mendes911:
You need to understand all that happened today.

abeg, tell me bro. Knowledge is power...or money.

206 million shares traded on transcorp and only dropping 1.6% when I expected a huge retracement! Am cancelling my short term jump out order. I suspect it will pull another set of huge bull even from Monday.

Thank you bro, of course I will jump back. If I am not able to sell at a reasonable price tomorrow morning, I will leave it. If I sell, I will be back within days.

locodemy:
Remember to come back to benefit from the consolidation news.
Why not wait and pull all at #5?

my people, am heavy on transcorp, should I sell and wait for retracement? Hmm, itchy finger...or am I being too greedy!

zap away or not, just remember to invest in Nigeria. It is the place to invest. Typical emerging economy with increasing middle class, especially with a population nearing 200m. That can only result in increased transaction and boom in economy when managed well. Whichever way, our NSE na Baba.
I am not in naija, but believe it, I am one this forum daily (though I do not often contribute...sorry guys, just shy). I do not invest kobo in the country I am, but in Nigeria. I understand NSE better than oyinbo exchange, and nobody tax me 20-40% of my profit. Plus I cannot make a third of what am making on NSE over here.

Investnow2017:
I share the same sentiments. Who knows this might lead to meeting the goal of zapping away from this country prior to the upcoming elections with jumbo-size loot No be only me waka come Nigeria

drnelson:
you should learn to MYOB

i was talking to the person talking about aiico and not with you.

unless you be a barking dog who wan advise someone wey never seek you advice.

smh....

Fake Dr Nelson, you don’t even sound intelligent like someone who should be trading stocks. Anyway, we need someone like you to pump in imaginary 1bn so some of us can make profit. Many Lagos agberos have better manners than you, meanwhile, your interesting use of abbreviations makes me think you are probably a teenager who missed road unto this forum.

drnelson:
STFU who u be?

if i should not try it now then when should i try when the price goes up?

na your papa money i dey borrow buy shares? mthewww

This is not an acceptable response. You asked for opinion, someone gave a response. You then responded with insults and curses. I think you should apologize. Not cool at all.

Hello friends,
I need some advice here. I have some cash I’ll like to trade with for 3-6 months. Any suggestions on which stock might give best projected yield? Of course am aware there is always a risk and I can take some amount of reasonable risks (reasonable is the keyword here ).
Please help a bro.

Cheers.

Abeg BNSITL, any recommendation for or against use of Proshare's "The analyst"? Is their analysis worth that 50k subscription? Forgive me, I am one of those infrequent contributors, but I do benefit a lot from you guys! I pay serious attention to your gists.

House can we please put on our speculative hat for this. What do we think the trajectory of OANDO price will be? Will N10 be a reasonable exit price for short to medium term or that's too ambitious?

teeboy95:
i work with them. you need an initial deposit of 5M to trade with them.
their online trading platform is not like Morgan capital and the rest.

i have morgan capital as well and i have pulled all my fund out from stanbic. just peanuts remaining there for them and transferred to morgan.

its left for you to make your selection.
he good thing about Stanbic is that they can sell some kind shares that is hard to dispose off

I am with Stanbic, I think they are excellent. They usually manage to get my stocks even when it is difficult to buy, or sell when people are not really buying. The big part is you need to have at least 5m cash or share transfer.

I have to disagree with you a little. The fact that you lost millions on it means that some others made millions on it. OANDO is one of the textbook examples for a JIJO (jump in jump out) stock- if it rises, it must come down, if it comes down, it must rise again.You must not invest money you need urgently on it so that if things goes south, you either quickly jump out and lick your wounds or just wait for it to rise back up. The good thing about oando and some other stock is that it is always very liquid. As a rule, I do not go near illiquid stocks. What is the point if I put for example 2M on a stock whose daily sales is usually not more that 200k? what happens if I need to jump out? Na my only stock dem go sell that day?
For medium term strategists, I think OANDO is a bad idea, but for the long term strategists, I think it is very undervalued. People in 5-10 years will not believe that this stock was just above 3 naira this year. I know most people here are JIJO strategists, but stocks like these are good for people with long throat who have a high risk appetite, but also patience if thing does not go well in the immediate-term. It also means you should have access to money you can afford to leave alone for some time.
Declaration of interest: I have got my fingers burnt big time on oando, but then I have also made good profits both real and imaginary. Bought massively at <4 and 5naira. Waiting to bail out soon and reenter.

teeboy95:
lost Millions in this stock late last year..
can't touch that Oando even with a long spoon

Gentlemen, I have some few hundred k's I want to put in on a short term basis. What do you recommend ? Am actually already very loaded on OANDO and am not in a hurry to jump out, but this one is for JIJO. Am not a fan of over-diversification .
What do you recommend?

I loaded more OANDO yesterday, I hope it's the right decision. something tells me that the incoming government has little choice than to favour the ingenious oil company more in oil affairs. Also, oil prices has nowhere else to go but up (don't know when). OAND seems to be well positioned to benefit, moreso I think it is undervalued...just my thoughts.
However if things don't go well in short term, am ready for a long term.

Redoil:
i strongly believe some people were just playing and toilling with unity bank shares. Unity bank is predominatly own and controlled by northerners coincidentally they are the owner of nigeria and can do whatever they wanted.
Unity bank foolishness started immidiatily they were made to understand that power has finally return to the northern stronghold and i hereby authoritatively put the share price at N1.50k so that they could dilute the shares of other people to junk status i.e 5% and latter pour in money to acquire 95% for themselves and their brothers. Saibuhari

Nigeria has passed that level bro. The NSE is open to everyone, if you believe what you are saying, why not put in your money when the price drops, so that you will be part of those owning 95%.? I am not touching unity with a long pole for the time being. I hate stocks that I cannot exit from easily when I want -liquidity!

mercylicious:
Tolu, u are getting so serious these days. Try to smile once in a while. It helps u make better decision when u are at ease.


Morgan is a small stock broking firm that is trying to use technology and price to price out their competitors. I pray they enter the list sometime soon. But note, most big guys DT invest in NSE don't have time to use I trade like we do, no time to watch bid and offer and they likes, they assign this task to their brokers in big firms. Most of the them are investors and not traders. The big houses have analysts with large years of experience for better research and can do forecast based on present fundermentals

I use Stanbic IBTC, they are the biggest. The advantage is that most time they get me the stock I want and sell the ones I want even when I wonder how they are able to sell/buy. (eg I was surprised how they sold by unity months ago even when the stock was in the mechanic workshop). They also buy me stock at really good prices despite intraday fluctuations.
Now to the drawback, I still envy you guys with live trade. I have to wait till end of the day to place my trade...so old school right?

ucheson2:
Let me call on my friends and well wishers to plz go and sell more oando tomorow. I saw your efforts today which made oando depreciate to N19 during the first section but when we placed our mandate during the second section and others took advantage of it, the price soared. we can do better tomorow. Don't forget that our goal this time is to achieve 3% of oando with our limited resource. We must all therefore continue to work hard and keep communicating until our goal is achieved. Thanks and sell more oando tomorow.

Who is this baba? Do you think the NSE is your village palm wine joint? You are being super-ridiculous my friend.