₦airaland Forum

CONTISURE on full offer after suspension .

dipoolowoo:
FG May Suspend VAT Payment on NSE Transactions
https://businesspost.ng/2019/08/05/fg-may-suspend-vat-payment-on-nse-transactions/

Great News.

jamace:
Many traders have been forced into GUEST MODE. NSE, I de hail o

Na Observation mode o.

Many want to jump in, but Stock market indecision ......

BullBearMkt:
FUGAZ TECHNICAL ANALYSIS...
We have seen the outlook of the "G" part of the FUGAZ yesterday. Below are my observations for the remaining:

-FBNH
The stock likely to have found a bottom on daily at 5.56 with its low at 5.4. However the weekly is "trying" to locate its own low with price currently sitting on support created 2 years ago! Bears need more selling power to over-tune this level. Monthly is still bearish but the bears are looking tiring than when they began devouring the bulls.

We are more likely to see reversal to uptrend at the highlighted zone


-UBA
1 of the best out of the FUGAZ in terms of locating its bottom on daily & weekly. Stock might want to re-test 5.74 to see if the support can hold before weekly bulls dominate the market. As the general stocks on NSE, Monthly is still bearish and could force the price into the highlighted zone.

-ACCESS
Arguably the best! Established support at around 5.71 & keeps bouncing of this level anytime it is tested on both daily & weekly. Many Smart Monies will be smiling now trading short term We might likely see a touch within the highlighted zone as bears are still prevailing on monthly

-ZENITH
Daily and Weekly are still bearish, but daily bears are soften their claws gradually. Well, once the lower time frame dominated by bears, monthly will be "bearer" - pardon my grammar. In any case, market is expected to react within the highlighted zone on the chart.


The highlighted zones for the stocks indicate a very good level to buy & keep for long term "after market rejects the free fall".

PLAN YOUR TRADES AND TRADE YOUR PLANS

Thanks

Litmus:
As is often the case with those international bad news and bad statistics on Nigeria, the West simple takes hearsay from none Nigerian African journalists and runs with it. This is how Nigeria became number one skin bleachers in the world and Nigerian women became the most promiscuous women in the world. No research is ever done, the West just runs with heresy from so many Africans that mean Nigeria no good. Of corease, we Nigerians do not help ourselves since some of us want theses bad news for scoring political points against the party in office. Misinformation that become facts and damage Nigeria is partly what that Nigerian lecturer in Ghana was implying when he urged Nigerians to control their own stories better instead of letting other Africans lie about us.

The western media got more information about Nigeria than most of the people living in Nigeria.

Because they pay well for good information from credible source

Tell me one month soldier are not been killed in the north.

Dividend Yield getting better.

rebekah2011:
Where are the Elders of NSEMPA? This is the time to encourage the fainthearted ooooo. Should we average down or wait to bail out when the market rebound. I feel like putting school fees into this market for short term gains but I am not sure if I will not bite my fingers.

School fees ke.

Just and watch where the market is trending.

Agbalowomeri:
Nobody gets rich trading outliers
For more than 80% of big stock moves, fundamentals will feed into TA
Most times we do not have access to vital information which we call insider information here

Agreed 100%

Agbalowomeri:
And you don't know that fundamentals feeds directly into indicators right? The real fundamental gurus are the ones who analyse economy or management direction/strategies and can deduce afar what the results would likely be and they start accumulating which feeds into your indicators. So in the real sense, fundamentals leads TA. Some of us that claim FA only analyse the outcomes/result of the real fundamental that had changed long before it reflects in the result but not everyone has strength to go into Oyingbo market to price flour like Oga Wanaj

But some Stock defy Fundamentals and traders use TA to enter and exit i.e Chams

meshpips:
Interesting to know that the Bank of England has its own rate announcement tomorrow. The week would be rounded up with the employment report for the US.

What an amazing week this is! If the market doesn't get sufficient propelling force after all these economic reports outlined above, nothing go fit help am.

Next week is gonna be lit!

This is what we expect from our CBN.

RabbiDoracle:
Before your Tbills go mature, stocks fit don gbe jaaaa.

Try and wait for double bottom.

Cc Veecovee

Mcy56:
Lol. Vee's mind is dirty. He didnt get the gist.

@Veecovee, hear recap:
@obagadaffi started by saying ETI already bottomed out. Agba in parable but jokingly said not yet......but that when it bottomed out, it might likely bounce back with 200% gain.
He added another one today, making it two and we were just guessing which is the 2nd.
'Bottom' here is referring to both ASI and the particular stock in view. I mentioned that you too will be interested in such too. All jokingly. Shey we talk bad ni?
Please I beg you stop jumping into conclusion when you don't understand the reason behind something or an action, you'll be found guilty of it.

Agba please don't stress yourself.

The Market is bottoming-out soon

Runs away

Northeastern:
Their trading platform is different, they migrated from the X-GEN in 2018.

You'll have to place your order with a stockbroker. I'll advice you to place a price limit on your order as the bid/ask there is usually wide.

Just spoke to one of my brokers

He said i will need to open another account with NASD platform , the current platform NSE won't show NASD OTC equities.

Thanks

Mcy56:
I don't know anything about it o.
You for leave me out and copy my other ogas on top na.
Anyway, I think its only brokers that are eligible to trade it....if you don't find the said coys, maybe they are simply not there.

Why you come dey fear.

So nobody dey trade NASD OTC Exchange here.

Guys has anyone traded on the NASD OTC Exchange?

I noticed must brokers are eligible, but i can find stock like CSCS,
WAMCO and ALLIANZ on their platform.

cc:
pluto09
jamace
dollartex
currentprice
mcy56

kryptem:
Hello house, I recently realized that the stock broking firm through which my share were Registered just got inactivated by SEC. I wish to change the brokerage firm and register with another.
Does the inactivity of the brokerage house affect my stock?
Is it possible to move my shares (stock) to a new brokerage house (maybe with my CSS, CHN)?
How can I handle this?
Thanks, expecting robust and prompt response.

Normally, with your CSCS and CHN you can move for portfolio to another stockbroker.

But i will recommend you contact CSCS first and get Account Statement from your portfolio.

You should supply the New broker your CSCS and CHN numbers, so that they dont create a new one during registration.

Traffic in and around Yaba will be very bad.

Hope Traffic Enforcement officers will work 24/7.

Dupeodus:
Can you inbox me at Modupe@Comcast.net. I have a question.

Okay

Dupeodus:
AIICO is a highly profitable company whose management is playing games with the minority shareholders. I strongly believe that there is a game going on with the intent of stealing a significant portion of the company to the majority shareholders at no cost to them. They got the shareholders to approve a Rights issue about a year ago at an EGM. They have not effected the rights issue. They really do not need the capital but it is part of the grand scheme to steal a significant portion of the company. At the last AGM, they got shareholders who never look at things critically to approve a technical agreement with an unknown company with no web presence. Think about that. A company that has been operating successfully for more than 70 years seeking technical support from an unknown company with no web presence.

On this latest H1 report, look at the "Other Investment Contract Liabilities" line on note 19(b). It increased by N1.3 billion in 2018. So far this year, it has increased by N1.5 billion. Both of these increases were by a charge to the profit and loss account. What is this liability that AIICO continues to increase by reducing their profit? How does it fit into their business. My guess is that this is where the management are housing the funds to use for the rights issue so they will not have to pay anything themselves. I am hoping they read this post so they will be forced to explain this line.

I have investment in AIICO. It's actually a major part of my Nigerian portfolio. This is because I believe that at some point, all of these shenanigans will stop and the company will find its true values. At the present time though, I am grateful for an opportunity to continue to acumulate this company at a tissue paper price level.

Wow Dupe,

You got lots of info on AIICO.

Have you written to SEC concerning this matter?

Agbalowomeri:
Someone mentioned Zenith bank at 18.30

Zenith closed @₦18.45

Mcy56:
This oga Agba don spoil. @Obagadaffi see wetin you don cause. Pastor Vee will not like this.

Agba mind no clean.

Valueinvestor:
Honestly ETI should be a promising stock,but I don't seem to understand its action these days(guess its been affected by the general bear).I had to sell all my holdings at 9.50(of course at a loss),hoping to re enter when things stabilize.Although I don't aim to catch its exact bottom(not the type of Agba's bottom),j[b]udging by the look of things,and price action,maybe when it starts hovering around the same spot (at 8.00) for weeks like zenith is doing now at 18.45,we can then say it has bottomed out.[/b]
Anyway the most important,thing to me about the stock is that it is out of the woods

Sure.

It better to monitor the price movement at that level.

I remember when ETI was paying 1-5 bonus and dividend in $ .

NSE can humiliate some stocks.

Agbalowomeri:
Please show me which other bottom dey shoot out

Valueinvestor:
The day is still young o,real trades happen between the hours of 1- 2.19pm.

What is the possibility of ETI going below previous low.

Agbalowomeri:
Bottom-out ke

Not that Bottom o

Mcy56:
Anyway I'll go with Agba on this, I dont think it has bottomed out with the kind of bids I'm looking at on their table.

It is gradual.

Agbalowomeri:
Clearly ETI is poised to win the next 200% race for us
We watch carefully like the Felis catus

Remember this.

ETI is doing (3.75%) this morning

swilo:
Which of the oracles did you consult?

Agbalowomeri

I knew ETI will bottom-out this morning

That Interconnectivity fees led to the death of CDMA Telcos.