₦airaland Forum

Oando try today oh. Abi auditors and their relatives done see the result?

Mcy56:
Lol. Issorite. Go meet yariya, she don prepare your favourite and waiting for you.

This my Classmate ehh, you Sabi shake table Wella.

Will Fidelity, FCMB etc continue their run tomorrow? Or will they take a water break.. I need to adjust my portfolio. Transfer half of my transcorp to one of Fidelity or FCMB.

Mcy56:
Vituperous attacks, hallmark of maturity, shove off...... Chai!
I no know say Prof plenty for this class like this.
Mpeace, Vocabulary note with new words don land from Prof Kulcash, no think say you go copy me on exam day o.

Lol. I don check my dictionary, I done see the meaning of all the big grammar wey dat Prof. mix and I totally agree with him. Make we limit politics for this place, all those new names wey dey derail this thread go disappear. Shikenan.
Make we see road copy beta ansa.

Yayira:
Abeg na who dey heaven before ?
Oya e don do for today come make we dey go..

Abeg carry go. Make sure say u give the correct medicine, 3,3 tablets 4 times a day.

Agbalowomeri:
Our Permapessimist
At this point, anything can happen
Make I collect my N1 from diamond first

Abeg, do we need e-dividend mandate for the N1. I no want come hear story at the end of the deal.

Mcy56:
Chai! The bull dey vex today for some banking stock today (to be specific). I pray this continue to next week too.

#Edited... before someone go quote me now.

You kW say I go dey quote u from tym to tym. So just ready for me.
#I cannot come and go and copy answer without asking questions.

Mcy56:
Thanks sister. Your post is a relieve.
Maybe Mpeace codedly bought Nem at high price, come they use teaser pass message to me.
Classmate, there's nothing to worry about cos Nem will still go up. Of course, no one will force anybody to buy, buying or selling is totally at owner's discretion.
New foreign investor that bought 30% stake at 2.95 is not stupid, they are a FUND and are in Nem for profit.
Enough said for now.

Classmate, I dey ur back for ur next move. No leave me behind oh. I no kW why you no force me enter NEM that tym.

Agbalowomeri:
Finally settled for Diamond; 2 year horizon

Lol, I dey loaded for this one. The one naira incentive makes the whole thing excellent.
Its like buying at half the price.

Mcy56:
Chai! I'll be more careful henceforth.
... but I just mentioned that time that anyone interested in Nem should buy at support ni cos there was nothing that warranted that massive dumping. Dont know the angle you're coming from anyway. No single intention to cause loss for anyone please. What did I stand to gain from that?

That your NEM move was spot on. Some may want to repeat it by selling now and buying even higher, with the hope of selling higher than what they bought. That's where the question comes in. It is a direct opposite of what you did.

onegentleguy:
With mathematical computations of this nature, the assumption would be that both event are independent of each other. ...in retrospect, the fact that the 1st transaction occured, should not affect the probability of the 2nd occurring.
I quite understand the different views and answers.
There are 3 scenarios;
1) If the said investor had enough funding base to execute both transaction. ...particularly the 2nd.
2) If he had only the initial funding base( $7) and had to get an interest free fund(of additional $1) to execute the 2nd transaction.
AND
3) If he went for scenerio 2 above but got the said additional $1 with interest.

All 3 cases will play out differently. ...however the answer to scenerio 1 and 2 will be $0, while that of scenerio 3 will depend on the accrued interest attached to the borrowed $1.
That said, because both transaction are INDEPENDENT and the event conclusive, scenerio 1 is the only likely mathematical assumption(events are based on this line).
In practice, if the investor could have the initial principal of $7 to invest, then he should well have the addition to make in other to execute the 2nd transaction.
For those wondering how the answer is $0, here's how;
The best approach to computations of this nature is to SET ASIDE each profit derived from each transaction as they are executed. ...otherwise u might end up mixing things up and been confused.
1st he had $7 from which he made $8. ...ROI = $1 (1st transaction)
Now setting aside the $1 profit, he needs $2 to add to his initial $7 to make up the $9 for the 2nd transaction.
...and after execution, that $9 made $10. ...again, ROI = $1
So total ROI = 1+1= $2
But he had added a $2 additional funding, so ACTUAL ROI= 2-2= $0 ...same answer also applies to scenario 2.

He would have made $1 if ONLY he had executed the 2nd transaction by rebuying the said ticket for $8 and NOT $9. ...so at $9, he actually made nothing !!
If in doubt, u can do a test run by assuming that the said ticket was a stock and u were the investor !!
Infact, he would've made a loss if he had tour the path of scenario 3 !!
@Mpeace I do understand why u related this to the act of trading(jijo, swing trade). Sometimes one may actually be making a loss on a spread of transactions thinking that they are in the gain. Scenerio 3 teaches why its very RISKY to borrow for an investment line like this. ...especially the capital market.

The KEY is to have a mathematical MODEL in place that must inculcate one's BEP measured against their ROI, their EXPECTED RETURN measured against their ACTUAL RETURN and the TIME VALUE for money measured against their INVESTMENT HORIZON and GOALS.

Regards.

Great analysis. I never averted my mind to all those scenarios.

Mcy56:
So na me you wan give upper cut bah? See as I dey look you with side eye.
I know say e get where you dey go na. Okay i don change my mind, the answer is $2 gain.

Noooo. No be so. I actually admire your Jijo moves especially the NEM Jijo. I just want make newbies dey careful when copying you, so they can preserve their capital.

Mcy56:
Looking at it from this angle:
He bought 7 sold 8 = $1 gain.
added $1 to 8 again to buy at $9 = loss of $1
now sold at $10 = #1 gain/
He actually gained nothing. I was right with my first answer. He gained NOTHING.

RabbiDoracle:
Answer is : CANNOT BE DETERMINED

why?

Question:
You bought a ticket for $7 and sold for $8.

Then you bought the same ticket for $9 and sold for $10. How much did you earn?

First transaction gave you $1 gain.

But nothing was stated if the person only had $8 as his final amount.

So for him to have $9, he needs to borrow $1 and add to the $8 he has before he can carryout the second transaction. This is scenario 1.

Scenerio 2: "Then you bought the same ticket"....what is the time frame of this "Then". No one knows. What if he invested the $8 and lost all. Or he invested it and made much more to enable him get enough to carryout the next transaction.

For scenerio 1: if he borrowed to $1 to complete the second transaction, then he earned $1.

But if he didn't borrow to add to compete the money he has, he must have invested the $8 he had earlier in the transaction to get more than $9 or $9. So the amount earned isn't clear.

So where you have chance of getting multiple answers, then leave the answer as : CANNOT BE DETERMINED.

Good answer but That's a clear picture of what happens sometimes when we Jijo. If we fail to keep track, we end up losing money without even knowing.
Jijo is good but wisdom must be applied.

Mcy56:

If na this kind maths they wan give us during exam, the thing go hard small o. Make dem test us on wetin they tish us for class biko.
Oya work out you answer for us. I guess I was wrong too. Na $1 I wan talk before.
He lost $1 in the process of buying higher again at $9. If he had repurchased it back at $8, then he would have made $2 gain I think.
8-7=1, 9-9=0
10-9=$1

I don dey do dis maths since yesterday and na different ansa I just dey get. This year, I don decide say I no too stress my self, na to just copy ansa go submit.

Mcy56:
You earn nothing or the answer is $2 gain. Choose one.
So what are you saying?

The ansa is $1, sometimes you fit get $0. Maths hard oh. Na so stocks hard too.
I dey test ur maths skills. You kw say exam don dey reach, I need to decide who I go copy from.

Mcy56:
Lol. All the ones wey I know don go up o, na to wait make them come down small remain.
...but in the meantime, I wan re-enter Nem, if it comes down to around 2.30 or thereabout.

Abe hep me ansa this question.

Mcy56:
Fidelity gaping up this morning, so also fcmb. [s]Hope those that are not holding for long term are shining their eyes[/s].
UBA: volume sold yesterday was high. Seems its preparing to move up too.

As Agba put it, Fidelity is for medium to long term.

arduino:
Make access bank stop right there oooo.....When I still dey wait for am at N3.50k

Last last na 7 you no see.
As you dey pray for 3.05 na so some people dey pray for 15.

STOjo:
Fidelity is 2.29 at present.

Pls how is FCMB doing? I no fit log into Morgan.

Fidelity now 2.22

aremso:
still peeping oo

See fidelity doing 2.15

Bulls on today.

jamace:
No noise. Hunters Stalking their preys.

lol. No be lie.

Trouble1:
Please how long does it take for the money I sent to morgan capital to reflect on my account after notifying them ?

Mine takes less than 30mins after transfer, without even notifying them. Whenever I have to notify Morgan, they do it immediately.

dipoolowoo:
N75b Rights Issue: Access Bank Cancels Next Month’s EGM
https://businesspost.ng/2019/01/21/n75b-rights-issue-access-bank-cancels-next-months-egm/

I think there is something wrong with the right up. Send quote below:

"They also want the bank’s authorised share capital be increased from N20 billion made up of 38 billion ordinary shares of 50 kobo each and two billion preference shares of 50 kobo each to N35 billion by the creation of 30 billion ordinary shares of 50 kobo each."

austinkenneth:
On Oando.... Does anyone know the reason for the huge tax credits they have been getting since last year?

They have not really enjoyed huge tax credit when you compare with what seplat (67 billion in 2017)and wapco(37billion in 2016) enjoyed in resent times.
Remember oando once made a loss of over 200billion, I expect huge write backs from that loss by way of tax credit.

Redoil:
oando again how sure are you

Their newsletter last year says do. That by q3 2019 they would complete paying 90%

austinkenneth:
My opinion is that anybody buying wapco is in for more pain as the company will keep reporting forex losses.

These forex losses arise mainly from the business they do with their parent company. That's why the do not make any effort to clear them.

Meaning they'll keep recurring thereby fleecing the minority shareholders.

The reasons for their various right issues is to settle those forex loans from their parent company. They may even do another one after the present one.

tritritri:
Brethren which is more tempting ... Access or oando ...just capital appre.

If i remember how i lost 4M on oando last year...i shdnt be mentioning dat stock again..But dis is nse...even people wey buy access 4mth ago never saw it coming to 5.75...

I would rather go for diamond, take my N1per share and end up in Access. Or I go with Fidelity that will clearly make more that 100% this year(all things being equal). Then put my long term fund in Oando. Oando will soon start paying investors as it plans to pay off 90% of its debts this year.

Agbalowomeri:
You are right, I am not an expert in that arena Lol
Me na index investor abi na trader

You na serious expert in Jijo investment, gorilla war style.
But this year, you need to do more for your broker, make hunger no kill them.

Agbalowomeri:
We should just be prepared for a long dull market this year

But just like the last year, be sure to see some stocks make good upwards movement, especially those with good fundamentals and selling at huge discount. Be sure to also see some stocks with excellent full year and quarterly results, and stocks with positive news make good price appreciations.

Some times I wonder why NSE allows only a fraction of companies dictate the pace of the ASI.
Just imagine, index went up by about 1% yet most companies did not do so well.