₦airaland Forum

yMcy56:
Why M&B? Fund is coming the Coy's way if it's truly picked for C-19 vaccine.

UBN is understandable. At what premium price can Access buy it?

Trust FG vaccine story at your own peril. Nothing works in this land. Have M&B produced any vaccine before now?

Be careful with UBN and May and Baker. Same thing I told those buying insurance stocks. Once stock, you become a bag holder for a long long time.

veecovee:
Thks a bunch

You are welcome chief.

No need for quarrels. Market will always be market. Up and down are all part of the game.

Go get your bank stocks now. Do not wait to chase them when their time comes. Remember they pay some of the best dividend on the exchange.

For those buying insurance stocks, approach with care cos exiting can be a major challenge when the door closes. Volumes can be abismally low even with the cheap prices available on the floor.

Mcy56:
How sir?
Left or right?

North pole. They have shown some resilience these past few days with accompanying huge volume

Watch out for the banks. The trajectory would change soon. Don't be left out.

megawealth01:
I already left the ship... Una goodluck

You have boarded Transcorp. Well done.

WAPCO seems ready for N30.

Looks Japaul has locked its gate and threw away the key. There is problem now.

Something is going on at Wapco. Over N1B done.

Seems like this is the period for drive bones to rise again.

OBAGADAFFI:
Dividend payment and EPS is the most times important yardstick.

Yeah. Access has a poor dividend history. Let's see what they do this year.

Access is hugely undervalued. See it trying to rub shoulders with the big boys. Hope it moves someday. Nigerian coys are largely undervalued though. Most pay dividends way above most celebrated international companies.

vacanci:
I have 1120 units of a stock. I placed all for sale and I am getting the reject message below

" (43):Seller account has insufficient balance to sell"

This is my first time trying to sell. Am I locked in without any ability to sell?

On morgan capital itrade.

Pls what should I do. I have sent message to them without reply

Check the figure you inputted to be sure it is exactly what you have in your account.

longlife20:
ADDENDUM TO EXPLANATORY NOTE PROVIDED TO SHAREHOLDERS OF AXA MANSARD
INSURANCE PLC (“AXA MANSARD”) ON MATTERS OF THE CAPITALISATION OF ITS
RESERVES THROUGH A BONUS ISSUANCE OF SHARES AND THE SHARE RECONSTRUCTION

https://drive.google.com/file/d/1GhZN6niuFraQBHuULTS8kAxJ1x8kXU3d/view

Thanks for this. Do you think one can benefit capital gains by buy Mansard now? I am still trying to understand the whole reconstruction process.

Morgan Capital should not try what they did today ever again. What nonsense!

In this market, just be yourself.

All the people that put Access, FBNH, UBA, Zenith etc on almost full offer days back where did they go to? Why are they no more bringing out the offers or did anything change?

swilo:
Lol. Stop this. Panic is unfair. Newbie, don't listen to Peter. If u are in dividend paying stock, just relax, your money no go lost. Except u r n Wapco or DSR. Those might hit 17 and 15 respectively, most likely.

I am on the queue.

Don't worry about Peter. When he buys, he will start encouraging people to buy. Now, he has sold and wants to buy at the cheapest price.

We have seen this situation plenty times. If you are new, hold into your solid stocks. Hawks and vultures are hovering around to steak it from you.

Meanwhile, watch out for a rebound tomorrow.

When recession was announced by NBS, traders rushed and sold. Same day, market reversed.

sellydion:
Peter! we told them, dey sabi do sakara,

No be my money sha, Barging hunters here we come !1!

Your job is to maintain your strategy. Let others do theirs too. You see why said you were excited people's portfolio went down the last time. You will come out to deny it again. Trade your plan bro.

Mcy56:
Waoh! Thanks.
This is one good way to handle the situation.
However, those with limited funds won't be able to successfully practice this.
Should we now say, holding cash is the best bet for those set of investors? OR
Buy and just close eyes to up/down mvmt of prices?

If you hold cash, the uptrend may come like a thief in the night like we noticed in the last bull. If you don't have TA skills you may not even know at what point to enter. You may stay undecided while you keep thinking the rally is a fluke and correction will soon happen.. Don't look like market will fall further, best to key in especially for those with limited funds.

Mcy56:
I read somewhere that when there's sideways trading in the market, the best thing to do is to do nothing in the market but hold cash.
How true is this?
Does it mean when market is trading flat, downside could be greater than upside?
Just wondering.

Better to hold solid stocks and also hold cash. Either way, you can take advantage of any sudden uptrend in the market.

Cross deal going on in UBA. Over 1B spent so far.

Access Bank is still trying to access the bottom

SMA50:
A broker's recommendations.

This is not a financial advice from me/the broker. Please carry out your DD.

This recommendation is fair, though I don't agree with recommendation for FCMB.

Mcy56:
Access: Lots of cross deals lately..........
Lots of cross deals at 8.70 today......

Yeah. The bank should be flying but what do I know.

The pattern of trade in Access Bank this last few days is somehow. You will see 5m bids through out the day but it will still do 22m to 44m units in trade daily. Looks like people are accumulating.

locodemy:
We don move to Sterling bank.
We just finished the last mopping at 1.95 this morning.

If this fails,we go into the batch B mopping at 1.85 to sell the Batch B at #2.

Batch A also look promising if Fidelity bank will make a move.Target exit price is 2.25.

Market must pay.

locodemy:
It will become illiquid tomorrow.
Best time for potbelly jijoist to sell is yesterday and today.

We are already free in this one waiting for the next liquidity price.

I know sey you don chop for here. Well done oo.

Does the entity selling Access Bank ever finish selling?

Nemith steadily giving jijoist food.