₦airaland Forum

Dumexoga:
When an eagle moves in d company of chicken it starts picking food from d gutters.

Proverb for the gods!

Better still, proverb for mischief-makers!!

passwelle:
Eterna Q1
http://www.nse.com.ng/Financial_NewsDocs/9470_ETERNA_PLC_Q1_MARCH_2015_FINANCIAL_STATEMENTS_APRIL_2015.pdf

I hereby send this one to the gutters, too.

Laff wan tear my trousers

Born2berich:
True but i have a gut feeling oando is heading to its planned right offer of N22 at DEC before they re-adjusted it downwards to N16 becuase of the bearish market. For example, UBA came out with its right at N4 then re-adjusted it downwards to N3.5 due to the perceived negative sentiments in the market at that time but since then it has currently touched the N6 mark. Oando will want to attain a more positive price before releasing result. These are my 5kobo thoughts.

NB: This is not a buy or sell recommendation to anybody. BUY or SELL at your own discretion

Oga mi, does this stock still pass for #joke of the year ?

@ibe9ja: I admire your bravery, not your expressions.

I had made similar observation as yours about that moniker in recent weeks. There are other monikers like him who troll this thread just to promote Oando but this particular investor who bought 1million units @ NGN 17 and holidays at the UAEmirates forgets, perhaps, that in a forum like NSEMPA you can only push mischief a little forward, but not too far.

If Nigeria had more people like you (@ibe9ja) who can challenge deceit and unscrupulous inclinations, with modesty and civility, then we will have a better society.

mercylicious:
Plz,somone shld tell me abt Godwin.
Everywhere I go, ppl keep saying Godwin.

The fact that you sef don hear about Godwin, na Godwin.

In Korede's voice: Mercylicious don hear Godwin, na Goduwin

Madam, I doubt that you don't know where that term comes from, but for the benefit of this doubt, it's one of those clowning songs that litter the Nigerian entertainment scene. Google Korede Bello.

#returns to market mode

ihedioramma:
I think you get somthing to talk about .do you know how much profit 9free,born 2be rich,myjoy08 and stockbull get this year? .

And your response shows you have got 'somthing' to talk Talking about other people's profits

Bishop ihedi

#wonders shall never end

FranklinRich:
Oga Moneysage, I have not really seen a reason to exit any of my positions yet. My analysis of the market/economy favors a gradual accumulation of selected stocks so I have decided to just keep buying in tranches.

Certainly, Sir, I agree with your analysis. And, in the voice of myjoy08, I would say "Buy, buy, buy, buy". My caution was on increasing your stake in your current holding, not on accumulating new gold mines. I was worried that your earlier post sounded like you are "averaging up".

@Boss FranklinRich: Always enjoying the ride. Be careful of accumulating on thy paper profits. Would you rather exit at the peaks and await another trough?

@soloniger: Day traders might use 1-2% (I would prefer 1%). Short termers might use 5% and 8% for tranche-purchase/exit by intermediate or long-term investors - all excluding brokerage. Kindly share your view, too.

@Pastor SWG-1: So na you stand gidigba like rock inside that PROP stock? Biko, allow us join at #10 before the final onslaught. Plus, I hereby plead for the Otta coy: Let sleeping dogs lie. Don't monkey-hunt on that coy, cos some of us dey watch am in 4-D. Biko!

peperempe:
That is how dey made noise abt conocophilip deal, yet nothing came out of it till now. only for uncle Wale to keep promising us every month end dat d deal will b sealed soon.

You no go kee me o!

@jauntty: Thanks again for the link.

@all: I know many other ogas here, including Elai 147, have shared valuable resources many hundred pages away on this thread. But page 777 ("is a number Oluwashina" ) is a page we can easily refer newbies to get the link/book by @jauntty.

@myjoy08: "I don't wanna wait in vain for your love". Biko, PM me if the answer has some issues. Thanks Sir.

passwelle:
@ jauntty
Thank you for the link above. This will help many to understand TA and Fundamentals, but more importantly the harm in emotional investing and reluctance to activate stop losses.

Absolutely, bro. It's a foundational book, more comprehensive than many of its kind. A trading plan will prevent many mishaps. Buy the rumour, sell the news (cc: feelamong)

About emotional investing, there's some emotions (or guts) involved when one invests in a stock that one is nowhere near the Board of Directors...but activating stop losses saves blushes.

TheWholeTruth:
The guy above me doesn't know the road to church. See the kind country He wants to dump my Nigga felas.


Happy Sunday @All

Bros Young, the guy might be attending evening service na. He might just want to catch some monkeys this morning. Just one monkey would be enough, cos at all at all na im bad pass!

Machine075:
I think he meant Desktop computers.

Bros, if you know Chibu well well, you may not want to imagine what he was thinking. Just take him for his word...cos he may return later to defend his Mainframe computer statement.

oga mi myjoy08: I have a sincere (not ) question for you. Please answer it sincerely:

What stock were you talking about in page 654/655 of this thread?

@FranklinRich: It's interesting watching investors' sentiments in HD. You learn a lot about life, not excluding the futility of predictions. Hope you're currently devouring another "Buffeted" piece.

@Toluway: mercylicious has said it all. But, hey, the new Toluway seems different from the one I used to know. Did someone hack into your account or is it an effect of the prolonged market slump?

chillykelly86:
Main frame computer



#InstitutionalInvestors

I thought oga Chibu made a mistake. Mainframe computer really tickled me.

megainvest:
The future of NSE after May looks hazy for now. The new administration may cause the rise and fall of many.

It is worthy, at this moment of investors' adrenaline surge, to recall how fallible prophecies are. Recently, a certain pRoPhEt chibok foresaw fire and brimstone regarding Nigeria's 2015 and hinged his investment decisions on it. He continued to dissuade many people from investing based his suspicions. When his predictions failed, he disappeared into thin air...maybe started accumulating stocks in secret. (only to return later for unsolicited posts on profits he had made)

About 9-11 months ago, Oxygen was the rave of the moment on this thread. With people saying "Oando will get to N35; see you at N100 etc" People even used hastags #teamtranscorpoando. I remember those days if intense emotions. Yet, we know where the stocks are today. And another season of forward looking statements and emotional outpouring from investors of Oxygen has started again.

@megainvest (and all traders with sound reasoning): This post is not to disparage you or trample on your right of opinion. It is to remind us that some posts are better kept to ourselves, and not shared in public space. In the long run, the market doesn't care about the feelings, wishes, impressions or projections of any investor and many future-looking posts don't often help any sound investor. They only generate emotional stress and arguments among investors.

Saying FBNH will get to whatever price on Tuesday because of the recent trading on it can only be laughable. Why Tuesday? Why not Monday or Friday?

Proverbs 17:28

#peace

bigass:
The guy above the guy above me is a shark.

Biko, na Taiwo Mamman be the shark. Thanks for the correction, biggie.

Coordinator of tutorials aiye!

Laff wan tear my trouser

courage89:
WHO certification happened last year, so its not so recent. Plus when it was announced, it did not affect the share price positively as expected. Also, they've been talking about foreign interest since last year, nothing has really materialized. What's different today?

FYI, I'm in the May & Baker's train. I've been holding since June of last year. I do believe May & Baker will deliver, one just need to be patient.

Since June of last year? I quit the same stock since June of last year. Why do I have a feeling I sold my holdings to you?

@megainvest

To simplify this issue for other readers: There is only one Mark down date. You may ignore the range (e g 21-24 that many Nigerian companies quote).

To be safe, just make sure you buy the stock before the first of the 2 dates. Why would you wait till 22nd or 23rd when you can buy the stock on 20th or 21st?

@megainvest.

There is some disparity between your response to austinibe7777 and the answer to your earlier question.

The investopedia article you quoted makes NO mention of settle date. This is where you got it twisted, I'm afraid. Now let's see the question again.

Mark down date is 22/4. Bear sold on 21/4 to Bull. The settle date of Bull is 24/4. Going by your response to austinibe, Bull will get the div only if he bought on 19/4 (I.e 3 days before mark down date)

For Bear, you didn't mention his settle date. If his settle date is 21/4, then he won't get the div. And since Bull settle date is 24/4, the div will return to the company (option C of your question). If his settle date is 24/4 then he will get the div, cos his name would still be on the register on 22/4 (mark down). This was the reply of oga Elai and others who said Mr Bear.

Investopedia implied that "anyone who buys before mark down date will get the div" without reference to the T+3 rule.

#open to corrections

McIrx:

@Boss Elai147:

Your post has shown how passionate you are about newbies. But if juxtaposed with @mercylicious recent posts and my response when she called for advise to newbies, it would appear that no one can fully advise another regarding stock trading.

One line in your post sums up this truth: "So it is important to learn how to do these things yourself and limit your
dependency."

In the same vein, I do not think this thread was created for people to seek advice (as you mentioned in your last paragraph). Yes, people can ask for opinions of other investors. But anyone who needs advice or who be like "I have 500K please advise me on what stocks to buy", should either keep the money in the bank or look for a good fund manager.

Stock Trading is largely an art, after the technique or science has been fairly understood. It is unfair to you, oga Elai147 or any other person, to keep advising, advising and advising when someone is just interested in dumping their savings in some magical stock, and walk away.

Anyone who isn't ready to READ shouldn't trade. SHIKENA!

#no hard feelings
#unfortunately, some future newbies won't bother to read several pages of this thread before commenting.

passwelle:
@Elai147
Many thanks for the above. TA and some Fundamental Analysis ultimately will explain why a stock like Nestle is priced that high. ROE of >60 will always be attractive to Foreign investors and institutional funds who have set investment criteria and dont base their investment decisions on anonymous stock picks. In this game it is always a good idea to follow the big money.

Absolutely! Your last line mirrors a quote I often repeat in my early days on this thread: The easiest way of making money in the stock market is to follow the big boys.

Big boys: Big volumes and trades (liquidity), Market Capitalization, Sound Fundamentals, Institutional Investors. If you chase these, "you shall never walk alone" !

Yem0350:
Pls, let us stop disclosing the actual amount we gained, better, we can use % to indicate such. Likewise, the actual amount of shares bought or sold. Note that, some are buying millions of units here and will never disclose the actual amount. This is to encourage some little and new investors in the market. Thanks.

Unfortunately, this is a faceless forum with different personalities. It may sound a bit Puritan trying to force virtue out of every moniker.

I once posited a way out for newbies ( intermediatebies and oldbies ) : Be careful of what you believe in a faceless forum. Though it may appear that no one will gain anything by claiming false profits or investments, but you may never know.

To thine own self be true. Refuse to be intimidated by whatsoever portfolio size you see here. All fingers are not equal. (In African China's voice)

Agbalowomeri:
Chai chai all these grammar to hunt monkey

#DRiGoooooo

Nna ehn!

I know you just dey pull my legs. But to be sure, and as evidenced by my posts on NL, I do not approve of that act.

Our Ikoyi prophet has done it consistently with admirable success - discount the volumes of acid he has been bathed with in the process. And he has an accomplice... The Eterna oil monkey merchant himself!

@mercy and cadno:

Vitafoam was trading in a channel before the market slump. Though NGN 4.50 isn't a clear resistance, it may well be considered as one for two reasons: Being the upper limit of the channel breached 10 months ago and, second, the candlesticks of the past few days. However, the technical indices connote an impending bull wave.

Whatever happens today will determine the next few days. But I think you may be able to pick it up again at your earlier price, pretty soon.

maslong:
MANIE AKA EMMANUEL EWUMI


welcome back!!!

Oga Agbalowomeri, you don hear am from another person. I know you know Pa Emma well.

He has missed us so much. But when someone was trying to misinform us about Oando, he had to come out of his "guest mode". It's not easy to date a lady for 20yrs and then hear someone spell her name wrongly.

Pa Emma revisits us

Chai

myjoy08:
Sir, Nascon price target was recently raised (By Cashcow stock brokering firm) by 36-42 percent of its current price due to its results and expectation of good dividends. Nascon is one of a stock to watch. Plz, this is not a recommendation to buy or sell

Even a newbie knows you mean BUY. Always bullish!!!

BTW, hope you work with the quoted broker; that I might pay you a visit.

mercylicious:
Sis bigass how far na?

How will pdp wins affect the MKT? When APC won, the MKT was bullish, now u said PDP is winning, are u saying its going to be bearish?

Sapiently put!