₦airaland Forum

pretts:
Sorry, today is 6th September and the date on the image you posted is 7th Sep 2015.

Transactions executed after close of business on Friday and over the weekend typically get posted on the following Monday and thus the 7th in this case.

UBA 20k interim
http://www.nse.com.ng/Financial_NewsDocs/10815_UBA_PLC_-_INTERIM_DIVIDEND_CORPORATE_ACTIONS_SEPTEMBER_2015.pdf

In September 1 last year, I sold my Oando, Dexter did same shortly after Looking back now, it was a good call. OS has increased by 50%, oil price has dropped and I can buy 2.7 Oando shares for every one I sold then.

Manonamission:
I am not a broker but @ Peterichy is right on this. What you stated was not a rule until about 3yrs ago. Previously, circuits were set at +/-5% daily gain or loss respectively of previous closing price. Thus the maximum a stock could gain was 5% of its previous closing price unlike the maximum of 10.25% that obtains now. Note that my point does not negate the +/-5% reference price rule. Just to let you know that it has not always been so.

I stand corrected. Thanks.

jamace:
The OP wrote based on his knowledge BUT Mr market has a mind of its own, no one can fathom it!

My Oga, it just shows the futility of most of these analysis. Two years on, said Unity is now at about 14k, if the reconstruction is considered.

I wonder what the OP thinks of his post now.

All stocks on the NSE can attain a maximum of +5% or -5% of the reference price. The reference price for the day is the opening price at 10.15am. If a stock opens 5% up, that price becomes the reference price for the day, it can thus attain a further +5% of that reference price i.e daily max of +10.25% from the previous closing price. Likewise, it can go -5% of the reference price. Please can the brokers in the forum help clarify this to keep folks from being misinformed. All the rules from mid 2012, 10 market makers, 16 equities jist is TT.

stokfrick:
Medium, long , or short terms all depend on the eye of the beholder. In my humble opinion, I think your stay should depend on your target profit, company performance, and general market conditions. I could remember when I was newly introduced into the stock market as at march/April 2013 by a friend, the maximum daily price movement at full bid then was 10% as against 5%today. Although inexperienced then, I could easily make 30-50% profit in 5 straight days in any of my stock that gained. In any case, flexibility is key.

Re the above, daily price movement is +5% or -5% of opening price. I have sent you a mail.

PETERiCHY:
Stop loss is meant for short term traders, if not I would advice him to starve his loss by averaging down since the price is low.
I bought my OANDO btw N32 and N9:20k my average currently stood @ N13:28k after 14months of waiting game.

I am sure you are impressed with your 14 months wait. Your numbers above suggests you had to buy at least 2 shares at N9.20 level for each one you had at N32 naira. And even that would only bring your average to N16.8. Not much of a case for long termers tbh. I have only one long position on the NSE so speaking from my own perspective as a trader. Longtermers should always remember that “Past performance does not guarantee future results".

alajimeche:
Bought OANDO at N22 a long time ago.still waiting to recover my money.my loss is over 51%.

Sir, learn about stop losses, and in future deploy them. Since Oando was N22, the OS has increased by almost 50% while the oil price (the major source of their revenue) has declined by more than 40%. All the best.

Elai147:
http://www.nse.com.ng/Financial_NewsDocs/10756_FLOUR_MILLS_OF_NIG._-_Q1_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf
What a disaster.

Fundamentals dont cut it. However see what they did to the price in the last few minutes of the market today.

Michael11stock:
I am loosing 60% of oando the thing dey pain me ooooo gan gan

Some folks dont believe in using stop losses. You Sir sound like one. The 60% loss in your portfolio would have taken at least 6 trading days to incur, and will take more than that to recover. A stoploss of c. 15% would have saved you from this predicament.

Oloro29:
I hail all the ogas in the house o, pls has ubacapital released its half year result? thanks in anticipation for your response.

Yes they have.
http://www.nse.com.ng/Financial_NewsDocs/10218_UNITED_CAPITAL_PLC_Q2_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

If you bought Afriprud in place of Zenith at the current market price you would get almost 1 naira interim Div.

vice063:
please ogas in the house. Where can I access list of dividends declared so far apart from nairametrics. thanks

See below:
http://www.nse.com.ng/Issuers-section/corporate-disclosures/corporate-actions

drlawizle:
At what rate can you buy?

This was from about 3 weeks ago. Recent events have overtaken the need. Cheers

NextProdigy:
Do you remember my "wrong analysis"?

I do remember your analysis. More of such will be appreciated from forum members.

@angrybull
Thanks for your post above. Many come on this forum and utter TT analysis and unfounded predictions. From Royalex and Costain in recent times to the above donofdons who thinks his Unity Bank shares have appreciated in value . Moneysage tried to call some folks out a while back on their predictions, but they failed to admit they were wrong.

Ymodulus:
From BDC and sellers. Beside its there is a way to get the dollars over thia cheap using naira.
Some Nigerians even go buy from Benin that's the latest in vogue. But bDC is sure bet. Approach them before Wednesday.
They get dollars supply before wednesday fx from the cbn. Meet a BDC that know his onions.
If you Kano , Abuja. You can dial me up I link you up

Please what do you mean by the bolded?

angelo82:
The one posted by PETERICHY............Seems it has been deleted............Better because the whole crap is annoying.........

The post was an attempt at derailing this thread as it had nought to do with the stock market. It has since been taken care of.

arbitrage:
I thought the platinum MasterCard is their highest, and that goes for N2m daily web/POS usage while the basic orange card is N1m. Where will you get N4m daily usage with all the recent CBN limitations?

You are wrong Sir. Please refer to link below. The limits you quote are for local transactions.
http://www.gtbank.com/personalbanking/cards/mastercard/gtbank-naira-debit-cards/gtbank-platinum-debit-mastercard#transaction-limits

passwelle:
nb. Note that this is for those who deploy large amounts of funds for imports. If sub $50k, you can just use you naira denominated cards.

@Ymodulus, you obviously did not read the original post well. I have quoted this above. As used "sub $50k" means if less than $50k.

Ymodulus:
You can't use naira denominated cards as you now allowed to redraw above $300 pe day. And real business importers talk in thousands of dollars not hundreds.
It goes to say form A - Intangible items or service or Form M is the way. We are back to old times.

Who said anything about withdrawing cash? You can use your GTB card for foreign transactions web/POS up to 4 million naira in a day.

makzeze:
pls how can one transfer dollar abroad for purchase of goods.

To fund imports, if its on list of what is approved by CBN, you apply for financing thru Form M etc. If its not on the list of importable items approved by CBN, you resort to finding forex funding from abroad or from individuals who have FX in their dom accounts funded thru foreign transfers. For those who have funded their dom accounts using cash deposits they may be unable to transfer this outside the country.
nb. Note that this is for those who deploy large amounts of funds for imports. If sub $50k, you can just use you naira denominated cards.

IVORY2009:
If this is the reasons, I can assure you the banks are going to find a way out of dis, in the coming days.

I can assure you they will not, not at the expense of their Banking license. Note that most banks will not allow outward telegraphic transfers of FX that has already been deposited as cash into dom accounts.

makzeze:
it it 215 not 205 pls. I have sent the number to you.

Most places in Lagos this morning USD is 205 while GBP is 310. For those buying, remember your local banks in naija will NOT accept forex deposits.

FranklinRich:
Great day to bring the briefcase into the market in search of good bank stocks. Got my first tranche of zenith at N16.06. Will reload again at around N15.50. . The hunting continues next week.

Even the bad can earn you money. 10% intraday on Unity bank today.

ucheson2:
Those that voted for Buhari are you seing our stock market?
www.trw-stockbrokers.com/nsetoday.aspx#

The stock market is cyclical. While your darling GEJ was in office the ASI performed poorly staying under the 25,000 pt level for weeks on end. Buy your Oando to your hearts content and zip it.

See the following insurance results:
Continsure:
http://www.nse.com.ng/Financial_NewsDocs/10460_CONTINENTAL_RE_HALF_YEAR_JUNE2015__FINANCIAL_STATEMENTS_JULY_2015.pdf

AIICO:
http://www.nse.com.ng/Financial_NewsDocs/10463_AIICO_INSURANCE_HALF_YR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

Neimeth Q3 result
http://www.nse.com.ng/Financial_NewsDocs/10424_NEIMETH_-_NINE_MONTHS_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf
-500% yoy performance

donofdons:
i have come again oo with my predictions...i am not an insider trader but i am well informed...i talked about unity banks,those with eyes saw it and share moved fron 50k to 5 naira and is at 2.50 since...i talked about neimeth and they are up by 145%
now my prediction....will dissapear in 48 hrs
[size=3pt]Buy evansmedical now[/size]

This has to be the most uninformed comment I have read on this thread in a long while. Like seriously?

Diamond Bank H1 2015
http://www.nse.com.ng/Financial_NewsDocs/10325_DIAMOND_BANK_HALF-YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf