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Investment / Re: Us Stocks Pick Alert by Onuokwu: 8:05pm On Aug 26, 2021
afroxyz:
Anyone been able to make deposits on trading 212 lately?

Yes
Food / Re: My Husband Loves Heavy Breakfast! by Onuokwu: 7:56pm On Aug 26, 2021
Preciousgirl:
I did this heavy fufu with palm nut soup for him this morning

Are you salivating?

Killing him slowly....continue. You will be judged.

5 Likes 1 Share

Jobs/Vacancies / Re: Please I Need Your Advice by Onuokwu: 12:31pm On Jun 27, 2021
sammyj490:
Please forgive my errors, I'm not a professor in English language, we just de try.

I completed my nysc program last year, life didn't actually go they way i thought it would, i spent bout 6 months searching for employment, i finally got a job in a bank microfinance organisation..i was able to secure the job through a sister.

Being working there now for almost 8 month now, truth be told the salary is not worth the stress and hazard we face in the field, apart from not having time for anything else because i have to get to work 7:30am and close 6-7pm.

The salary is 65k but after removing from tax,pension and all,my take home is 54k.

Now I'm considering resigning, I've started learning graphic designing on YouTube, so that i won't be idle, I'm planning to save up for some months before resigning.

I don't know with resigning will be ok considering the situation of our country.

Please advice a brother.Thank you

My first question is if the graphic design does not work out as planned where will you run to?

If you just finished University then you still have a long runway ahead of you to learn. Usually I recommend new graduates stay in employment for 3-5byears at the minimum no matter how harsh this may be. Use that time to learn a new skill like the graphic design you are learning and save up at least one year in expense reserve. The new skill and money in reserve will prevent you from being desperate when you go out on your own.

When I finished school I decided to write ICAN. I did a thankless job that didnt pay as much as yours about 30 months within which I finished my ICAN and made a change. About 4 to 5 hours sleep per day with no spare money in my pocket after paying for ICAN exams and lectures. Today I believe I am better off for it.

Embrace the difficult and challenging times, have a plan to exit it in a few years and execute on that plan.

1 Like

Events / Re: My Twins Are Plus1 Today I'm Happy Single Father (pictures) by Onuokwu: 9:50pm On Apr 25, 2021
Earthkumy:
I lost their mother the very day they where born after giving birth to them through operation during the lock down, after just a year and few days in our marriage,

but today is not about what I lost, today is about what I gained and how the Lord helped my to raise them, they are plus one today join me to say a word of prayers them.

Jesus did for me

I praise him now and always

May Grace, favour and Mercy be your portion going forward.

1 Like

Investment / Re: Us Stocks Pick Alert by Onuokwu: 7:13am On Apr 20, 2021
yom2:
How could a stock have only 159m share outstanding and yet be trading over 300m in a day. Where does the extra shares come from? I smell some lrregularity

Day traders. Some can buy and sell multiple times during a trading session.
Properties / Re: Building Design & Construction Projects by Onuokwu: 8:31am On Jan 03, 2021
How many flats in all.

1 Like

Investment / Re: Us Stocks Pick Alert by Onuokwu: 7:28pm On Dec 30, 2020
PuristForest:
.
Wow, so you cant short the market, etoro allows that. Not sure i can do that, will withdraw my fund and look for other options that allows shorting.


Do you understand what to short a stock means? Even if you want to short a stock it has to be in your account first to sell it.

2 Likes

Investment / Re: Us Stocks Pick Alert by Onuokwu: 8:59am On Nov 18, 2020
OakPearl:


Depends on when you completed your registration.
Practically takes between 24-72hours except there is address verification issues.

I tried to register on Trading212 on my PC and its asking for UK Insurance number. How do I get around that as I don't have any.
Romance / Re: I Have Never Been Rejected By Any Girl Because Of This 150 Naira Charm. (photos) by Onuokwu: 10:30pm On Mar 25, 2020
ElasticStone:
Just buy her egg and Indomie and you will drill that puna to infinity and beyond. Works on evening newspapers too.

Cc: lalasticlala, mynd44, ubunja, martinez39s Ishilove, pocohantas

Lol...you must be a local champion for hoodrats.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 9:03pm On Mar 24, 2020
Biafran4life:
Go tell that to the baboon.I can predict my own.Gt bank will do #50 some day but when I don't know and what will be the reason I don't know.All I know market is not static.

Is this response really called for?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 8:25pm On Jan 31, 2020
maishai:
Going through results and I can say that this year is the worst for petroleum marketing......for the first time in a long history, Total might not be declaring dividend........The pronouncement by the president to stop all sale of petroleum products 30km from the border dealt massively with 3rd and 4th quarter revenue.......Going forward how will Total get back to old time profitability........Or is this a dying business

Don't worry. Total will declare dividend. They have enough retained earnings and many of the oversea parent companies of Nigerian based companies always want to take out money.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 2:24pm On Jan 31, 2020
bigjay01:


I have bought back @9.15 a portion of what i sold @10.5

That's about N1.03k profit per share...charges inclusive.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 6:00pm On Jan 13, 2020
currentprice:


bro add vitafoam join it a good stock to have. depend on how much u plan to invest sha.

though WAPCO will make u rich if all things be equal by the time they release result

let me vuuuuum to the other side, it time to BUY oyel

grin grin grin grin grin

Bro, What are your FA thoughts on NAHCO? Any idea of fair price?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:37am On Dec 26, 2019
Happy Boxing Day!!!

grin grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:53am On Nov 24, 2019
Payunsin:
Need advice please, gambled and bought lasaco at 28k last week and the price has dropped to 23k. I am thinking of loading more on Monday. I need the house opinion. Thanks

Na wa o. Are you aware they are about to do a rights issue?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 2:14pm On Jun 09, 2019
Mcy56:

Lol. The guy's response was funny.
So he doesn't see anything wrong in a telecoms company divesting into banking and, as if that's not enough, pursuing banking licence barely few weeks after listing their Nigerian arm. What's the correlation btw the two industry if I may ask?
Guess he's a South African who's just out to defend anything they do even if dem dey p.o.o for people's head self. Orisirisi something. grin

Frankly I don't see anything wrong with a telecom company applying for a payment service bank licence. It's all about leveraging their digital capabilities and deepening financial inclusion. Even full scale banks are in some of partnerships with most of the telecom companies for customer acquisition and payment services. As a matte fact you can enjoy limited cash withdrawal services from even petrol filling stations using their POS.

As per OAKPearl's point on their borrowing N400 or is N200 billion, which you quoted, there is also nothing unusual about that. This year alone, Union, Sterling and Stanbic IBTC banks have all borrowed monies from the public via commercial papers.

I think it's all about choosing the best financing from the wide range of available choices.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 2:08pm On May 24, 2019
Agbalowomeri:


This man u wicked o, na bad news u bring come grin grin grin
Let me hide my head, the e-fights go soon begin from the impending market collapse grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 4:43pm On May 22, 2019
Agbalowomeri:


This man u wicked o, na bad news u bring come grin grin grin
Let me hide my head, [b]the e-fights go soon begi[/b]n from the impending market collapse grin

You know the drill na... grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 8:35pm On May 07, 2019
No share listed on NSE can have a nominal value greater or less than 50k simply because it is the law.

In the days of private placements i.e. pre 2008, all of those companies had nominal values of N1 per share but post PP when they had to list, he split each share into 2 of 50k nominal value to comply with listing requirements.

That MTN release is a bit confusing to me but if the nominal value of each share is 2k, what this implies is that they have to consolidate 25 shares to create one share of 50k nominal value to enable them list on NSE. Ot implies that about 816 million ordinary shares of MTN of 50k nominal value each will be listed. It can't be any other way. Only shares of 50k nominal value can be listed on NSE as of today.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 5:29pm On May 07, 2019
STOjo:

So with all this experience. What do you think about NSE. Does it worth 100% dedication?
Have you lost or gain more in your years of trading and investing?

Thank you.

Frankly to answer that question, I started reluctantly as a teenager under the tutelage of my father so I will discount those years that I bought basically what he compelled me to buy because na him supply the money.

In the second phase of my investing life, I have made more than I have lost but have not yet doubled invested capital.

Curious things I have noted from keeping detailed records on all trades in past 3 years are that

1. Just about 20% of my trade/investment go the way I plan it.
2. About 30% cause me serious losses. Before I used to hold on and hope for positive reversals but effective 2017 i just sell them off and move on. I can come back to them at a later date.
3. Another 30% to 40% are lukewarm. Neither here no there. Just coasting, sometimes dividend, sometimes non.
4. 10% to 15% are where I earned mega returns and frankly this was pure chance rather than any insight or tradeing strategy. Example for 2018 was Diamond Bank and i was just a couple of days short of selling before the acquisition news broke. 2019 case is Dangflour that I didn't sell just because it was in a special account in CSCS and just hadn't gotten round to moving it to a broker.

So in all, just about 30%-35% of my trades make serious returns to offset losses or indifference from the other 65% to 70%.

Strange but true. I trust there are experts here with more stellar returns and success ratios who can educate us. However as I go to third phase of my investing life, I have observed and developed nuggets which may or may not help improve return ratios. Will share later.

6 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 5:10pm On May 07, 2019
Yayira:


All na wash..to keep people for work.. grin grin

Thanks for the words on that image you uploaded. It is so on point.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 10:05pm On Apr 26, 2019
DaV8King:


State Bank of India(SBI) has a long standing stake in the bank bro, even me shock when I see am.

Apparently it started when Indo Nigerian Merchant Bank (INMB) was one of the banks that merged to form the present Sterling Bank.

They hold approx 2.55 billion units or about 9% of the bank.
Their board rep is Mr. Sujit Varma.

Check out SBI here
https://en.wikipedia.org/wiki/State_Bank_of_India

That's not new investment. Its been there since after consolidation of Mid 2000s and has hardly changed in volume. Check successive annual reports. People are suggesting that there is new and sustained stock purchases by some Indian investors and i strongly doubt this.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 9:16pm On Apr 26, 2019
arduino:


So na one chance bus I enter since e kwa.... embarassed embarassed embarassed

Hang on. Don't judge by one quarter. Its usually noise.

Take another look a couple of quarters down and take a decision.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 9:12pm On Apr 26, 2019
Godlylifeoneart:
It's a bad advise, to tell any investor to dispose Sterling Bank. Despite not paying dividends, this is one of the equities that has returned >70% returns to investors in year to date.

The Indian investors are possibly out for something we do not know.
Let's keep tracking dz best banking stock in the Nigeria bourse

I don't know how this talk about Indian Investors started....i don't think there are any Indian investors. Just enjoy the ride for what it is.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 8:30am On Apr 05, 2019
If prices decline further today then based on past trend we should expect e-fight in NSEMPA today. grin

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 2:22pm On Apr 04, 2019
http://www.nse.com.ng/Financial_NewsDocs/Access%20Bank%20Plc%20-%20Listing%20of%20Scheme%20Shares.pdf

Let the trading begin... grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:20pm On Apr 03, 2019
Interesting Article though the Bank is now extinct

https://cashmoneyfocus.com/diamond-bank-as-the-curtains-fall/

1 Like 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 12:42pm On Apr 01, 2019
dipoolowoo:
No


Thanks!
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 12:07pm On Apr 01, 2019
samzepaparazi:
Sebi wema declared profit. Why is their share price still going down

Plus dividend sef....
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:51am On Apr 01, 2019
Hello Folks, Did Sterling Bank declare any dividend?
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 12:44pm On Mar 20, 2019
PharmAlfred:


It is humans irrational behaviour. Sometimes, I just wonder why people are running from the market only to come back days after.

It may not be same people. Those who believe could be upping their stake.

1 Like

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