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Northeastern's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:54pm On Dec 29, 2019
emmanuelewumi:
The company claimed to have over N800 billion as their retained earnings.

The company made a profit after tax of N390 billion last year and paid dividend of about N270 billion
Thank you, I see where you’re coming from.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:53pm On Dec 29, 2019
There are many threads on the US market.

https://www.nairaland.com/2460429/us-stock-market-even-playing/15#65783068

You guys can revive the one above. I find it most useful because it lays out how to go about investing in the US market with contributions from actual investors
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:48pm On Dec 29, 2019
@All, what is your assessment of the 2019 trading year. I am of the view that it is disappointing. The current administration lacks clear direction and foreign investors are not interested in what we have.

Most foreign funds were short on net basis for the year. With America doing well, funds will follow the letters of diversification and not the intent when investing in frontier and emerging markets. Why should I pursue less return with more risk?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:41pm On Dec 29, 2019
emmanuelewumi:
You do share buy back if you think your shares are undervalued and the company has the financial resources to pursue the shares buy back.

Dangote cement is sitting on a huge cash of about N700 billion, so I believe the company has the resources for the exercise
Oga Emma, how did you arrive at 700bn, I’ve checked and couldn’t reach the same conclusion. Were there other items you considered outside the stated cash balance on the balance sheet?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:35pm On Dec 29, 2019
The decade in focus. I think Apple, Amazon, and big tech were the main drivers of US returns.

BusinessRe: $44.9m Wire Deals: Oyema To Be Investigated By EFCC, Sets Special Panel by Northeastern: 11:57am On Nov 24, 2019
EgunMogaji2:
“We are also interested in the roles played by two banks in the country including one that has been on our radar for a while for money laundering. This same bank was implicated in the $115million poll bribery scam in 2015 for which former Minister of Petroleum Resources Diezani Alison-Madueke is wanted for trial.

Please which bank is under investigation?

Thanks.
Fidelity bank, the ceo worked with Allison Madueke in that transaction.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN0Y10PB
PoliticsRe: 'Forgive Yahaya Bello' - Aisha Buhari Begs Kogi People Over Unpaid Salaries by Northeastern: 10:15pm On Nov 15, 2019
Doyin2:
Oga what really is your problem here?

If not for short memory of many Nigerians, this issue of outstanding salaries was inherited from the previous PDP government in the state.

If salaries is the only issue in Kogi,then yahaya bello deserves a second term,over any PDP disciple.
So says the cretin that was disputing my figures the other day. Like Sagamite would say, you are a product of a failed educational system. The type that doesn't know what it entails to live a dignifying life.

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 5:53pm On Oct 30, 2019
RabbiDoracle:
Where is Meshpiss grin?

See your N24 company.
You’re calling the wrong guy, he’s not an investor but a scammer.

The guy to call is the one that has numbers, I mean the guy that wanted to finish mopping before releasing his numbers.

It is when you’re new to this market that you’ll hope something good would come from a Nigerian run firm.

The loss from discontinued operations, who did they sell to? How was the price determined?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 9:45am On Oct 15, 2019
Uchetoba:
However, If anyone has any question regarding the unbundling of updc or updc reit I will gladly provide the answer as long as the person is not asking for the numbers.
Oga, stop deceiving yourself. The market will do what it wants. There is no information so classified that you have that many prop traders are not privy to. Even if you’re the one that is in charge of the deal which you’re not, you should know that all information is freely available because the market is very small and close.

So Oga, there is no numbers anywhere. And there is no numbers so attractive that those that have funds to impact price are not privy to.

So just stop posting rubbish because you want to massage your pride. UACN is available, go and buy and save us this chicanery.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 9:01pm On Oct 14, 2019
TraDeRR:
Wow Ghanaian go hear am grin Dangote cement that has been helping our ministry will stop
They’ll lift those bans once Benin Republic learns to abide by the ECOWAS agreement. Aliko will find a way to reach all locations. That is if he’s affected at all.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern:
I just checked the race of the moment, see what I found below.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:58pm On Oct 04, 2019
emmanuelewumi:
It costs a token of N5000 only to have a special account.


As per the number of stockbroking accounts, it depends on the investor. I have 4 accounts, FSDH securities, United Capital securities, Investment One and Union Capital market, the accounts are basically for different purposes.

The most important thing is to stick to the strategy that works for you.
Oga Emma, you’re the GCFR of investing na, your level na ontop, you even get special account to know the annual fee for individual clients.

You’re an oldie from the pre DMA era, your type no go even want trade online, you’ll prefer speaking with your brokers to pick their brains on investing. Na you get market, multiple accounts for private placements.

Who remembers those days, Mohammed Ajayi Ugochukwu alone can have up to 20 variations of the same name for public offer and private placements.
CelebritiesRe: Alexreports & Wife, Esther Benson Welcome Baby Boy. Olakunle Churchill Reacts by Northeastern: 6:31pm On Oct 04, 2019
Where is @ NwaAmikpe when you need him most?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:29pm On Oct 04, 2019
Mcy56:
Having two is not bad IMO, keeping more than two in this digital era is what I don't understand.
Yeah, but you’ll lose nothing for having one, if trades don’t go through, send your orders to them for execution. Having a second one ain’t bad because it costs next to nothing to set one up.

All of you multiple account crew, Aliko uses only meristem, Baba Glo trades with CSL, I can go on and on. You guys can see that your money has come to maintain multiple accounts. Na una dey ontop, ontop of una na una. We dey down dey observe.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 1:48pm On Oct 04, 2019
OakPearl:
Who do A.G. Leventis shellholders this kind strong thing?
Wasting away weeks of full bid without price movement!
Don't they have MM's? Or at least trade 100k units out of the 127m bids daily. huh
They ambushed the jijoists here, else Na so dey stock go dey fly with max gain. I remember one company that year, the name na Roads, they declared bonus and the price didn’t go anywhere because of illiquidity.

Most companies on the NSE don’t have any business being listed. Market makers self dey look for who to cheat, market making come get new meaning for NSE.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 1:43pm On Oct 04, 2019
locodemy:
Pls is brokers fees negotiable?
Need to know if I am being cheated by my online brokers.
He he, Loco, is Morgan not your online broker? Most of them wouldn’t let you know and might discourage you but you can bring your fees down.

You mean say all your trades dey go at full commission, na your type we dey buy sallah ram for. You be Baba, after you na you.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 12:53pm On Oct 04, 2019
nna777:
I think the idea behind having at least 2 account is in the event if one trading platform has downtime and you want to place an order (buy or sell) which will determine your portfolio balance.

This happened to me 2 weeks ago. CSL was down for 3 days and I couldn't place any orders. missed some good opportunities.

Also there is no harm if you have a better bargain with reference to fees and commissions.
My assumption was that one has an account with Morgan. If your aim is to make money, it is always better seeking where you can trade with minimal fees.

On not being able to trade for 3 days, na you no want trade. All the brokers still run their order books like we had in the pre DMA era, so you can always place your orders and have the broker execute them.

For better bargain, Morgan is available for all, other brokers can match their fees if you negotiate.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 11:07am On Oct 04, 2019
yom2:
. Are u joking meristem 1%?
I don’t know why folks are looking for multiple stockbrokers, I’ll understand if you’ve been around before the DMA era else there’s no need for multiple accounts especially when Morgan has a clear advantage.

The meristem that I know charges full commission and that would come to 3.75% for a round about trade.

Wale was at the forefront of opposing Adu when he came up with his “crazy” idea of charging a quarter of a percent.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 10:57am On Oct 04, 2019
Agbalowomeri:
I have not read the article but the way the FG is looking for money at all cost I no understand again o
Se na the same CBN been dey scramble to cover 500 billion hole for their books before elections? Them don get where to get the money from.

Nations that move forward don’t do things the way they’re done here. They’ll come up with policies that would serve their proprietary interests.

If you don’t know, you’ll think the border closure came from the side of wanting better for the country and the citizenry, however, this very one is to settle scores to make Benin cower for one man.

He has so flourished in killing businesses here that he’s upped his game to kill a nation. I support the closure 100% but since the reason is faulty, we’ll not get the desired results in the long run.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:58pm On Oct 03, 2019
Only me cannot laugh this laugh alone, it will be selfish

https://www.nairaland.com/5450835/menthol-mc-oluomo-nurtw-banner

What is goheen on here
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 11:40am On Oct 02, 2019
@Peter, no meme? Please complete your post
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 5:50pm On Oct 01, 2019
locodemy:
Pls,Brokers or Analysts in our midst.Kindly help to explain this order types of trading which I have never used before to trade.
In trading,either I use market order or limit order.

When can one use stop order limit and market stop order which is different from limit order and market order
huh huh huh

when a stock is selling @ 1.60 and one places order ahead to sell @ 1.85,what type of order is it called?

when a stock is selling @ 1.60 and one places order ahead to sell @ 1.50,what type of order is it called?

God bless

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 11:14pm On Sep 15, 2019
The reasonable thing to do is to short oil. Aramco already said they’ll restore over half of the damage immediately and the Oga below has promised to keep the market afloat

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 10:03am On Sep 15, 2019
Agbalowomeri:
What these 'superpower countries' fail to realise is that it's much easier to destroy than to build. If you refuse to allow these smaller countries rest, then you too will not sleep. The resources pumped into military hardware annually is enough to end poverty globally and by extension, terrorism.
Oga, may your wisdom be bullish.

This is a better way of dealing with global conflicts. SIPRI puts the 2018 military budget at $18trillion, imagine what that amount would do to these trouble-making countries.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern:
@Peter, come see where FBNH compares to UBA. Assuming the numbers are tell future price path, UBA is stronger.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 4:06pm On Sep 10, 2019
Agbalowomeri:
I have told pastor to stop doing night vigil everyday grin
I had to check my dictionary for covetousness to be sure my weekend hangover has cleared grin
I used to believe everything before, until one brother criticized Gbile after a program that he teaches marriage while most of the sisters in peace house are unmarried.

I reason the thing, first I thought the brother to be a backslider. After many years, I now developed my own sense of reasoning. Religion matter get as e be.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 3:47pm On Sep 10, 2019
veecovee:
DON'T COVET. COVETOUSNESS HAS LANDED MANY INTO DESTRUCTION. STEER CLEAR
FROM LOTO, NAIRA BET, NAIJABET, ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/25#82090297
How does Lotto, pool, betnaija result in inordinate or excessive desire for material things or another person's possessions? Please clarify how it leads to greed and how investing in shares does not. In explaining your points, you are free to use tables, graphs, charts, and examples, where necessary to drive your points home.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 3:25pm On Sep 10, 2019
OakPearl:
Peterichy bursted! grin
That one no be Peter o, na different person.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 3:24pm On Sep 10, 2019
onegentleguy:
Pls could u be kind enough to expanciate a bit more on the part in bold?

Thank u.
He took over the second (alphabetically) company on the list, https://www.pencom.gov.ng/pension-fund-administrators/#

When we talk of cash cows, PFAs come first. Just hustle for RSAs and you'll be swimming in money.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 3:17pm On Sep 10, 2019
onegentleguy:
1st off, let me appreciate u for the show of understanding and humility with accepting my advise.
It shows u are a mature fellow !!
On this day, u have gained my respect. ...and I will gladly be ur pal with sharing common goals.
He he, the truth is always the truth and it appeals to the conscience of those that seek it. So what you posted was the absolute truth, I'll be deceiving myself to think otherwise.

onegentleguy:
Now on UACN, I trust u read my several analysis on the stock(inherent value in view) and why I believe its an asset of high driven value potential. ...which the planned unbundling exercise has only aided to.
With what I already know of that stock(analytical commutations), I will gladly load so much more(as price drops) and sleep very well !!
But all the same, thanks for ur concern.

Cheers.
Why I don't stress about buying anything now is that they materially trading at a discount, it is just the human nature of wanting to totally avoid regret to makes us cautious. Everyone will be alright. It is just a matter of time.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 3:09pm On Sep 10, 2019
MTNN will win the most defensive stock this year. The float seems to be helping it, I had expected it to be illiquid like Airtel but was wrong. If you are in for the long haul, that stock is a better alternative to investing in the TBills or MMFs.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 2:54pm On Sep 10, 2019
onegentleguy:
Ur revert was basically a repetition of what I already said I intend to do,(read thru the part in bold) so u do not need to remind me of it my dear.

With Devine on my side, I can manage my way around the market.

Between, it will do u some good if u could desist from telling people 'they don't know what they are saying'. I have observed that part about u, and its not too good.
...It's smacks of a thrasonical disposition.
No one can attest to knowing it all !!

Someone's argument or thinking(odd as they may appear) might well be right when viewed from a different perspective.
What u should do, is to try to align ur own perspective to basics, and allow the thing about logical reasoning to take care of the rest.(that's how to argue objectively and how common sense strives) ...that way, a person of opposing or conflicting view can understand ur line of thought.
Now, whether or not they decide to take it is left for the matter of having disernment.
...This is exactly what Agba had sought to do(which was good), reading through the conversation btw him, u and Veecovee.

Just a candid piece of advise. ...so it'd wise for u to consider it without resentment.

Regards.
Thank you, advice well taken.

On UACN, just pray your appropriate time is not when a mad fellow wants to exit fast. The experience will like that of those that bought FCMB at 1.7 levels and the seller went down to 1.50 levels.

Again, thanks for the advice. I am sorry for every 'you don't know what you are saying' posted here.

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