₦airaland Forum

A Russian Pharma vaccine is 95% percent effective.

Stocks around the world are buzzing. Guess it is time to get ready for the return of the bulls.

locodemy:
I gave him hope last night.

Very necessary. There was no reason for the panic we saw yesterday. We have been in recession for as a long as we can remember. Nothing has changed in market. Companies are still making profit.

The guy that bought UBA yesterday at N7.50 must be smiling now.

sellydion:
Bro, you just said what is in your mind , I dont play blame game here.

Go and read that post again and underline the blame section. Then I would say sorry

If you cant please let us take caution.

You said "this is what giving people hope at a time like this can do" who gave him hope? Did anybody force him to buy at a price that he did?

sellydion:
I no be JJC, I am sure that @ is a misquote


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Okay. Sorry for the wrong quote.

sellydion:
I no be JJC, I am sure that @ is a misquote

You are or seem so, going by how you have been jumping around looking for you to blame for the bear. Getting too excited and in the " I told you so mood".

Relax, this is not the end of the market.

sellydion:
That is what given hope at a time like this can do

See what you trade not assumptions. Assumptions has dealt with many here Oando is an example.

Bro, remember that guy is solely responsible for his decision. Don't try to blame other people for it. If Access turns N15 tomorrow, will you still say this? Good thing is that the young at least bought a healthy/sound stock.

Stop pushing the blame agenda.

ucvin:
My fingers are burning. Bought access @9.90 prior to the buzzers. Now it's 7.90?
I also entered uba@7.50 today.

Chill bro. I guess you are quite new to the market. You don't lose until you sell. It's either you cut your loss or you wait it out. If not that market has been crazy, Access is not a bad buy at that price.

sellydion:
bro, this is not yet time to strengthen hope, this recession is Almost World Wide, People should watch and wait,

Down movement may linger than you think.

Between Sept and now, nothing significant has changed. The market will tell us where it is headed in the days ahead, recession or no recession

locodemy:
True talk but let's leave the stock to piss finish nah.

Hahahaha. You wan load am chief. I see you.

Someone of said GSK is expensive because of of EPS of 36kobo. I bet you are new to investing. Wapco is selling for over N20 but has EPS of 1naira and some kobo. Access has an EPS of N2.90 but is selling at N8 today, Union bank 56kobo EPS but trading at over N5 while Fidelity with 70kobo is trading below N2.50.

There are a lot of factors that account for valuation. I believe OGG and Currentprice will help you out.

@Sellydion.

We have seen this pattern play out again and again. If you want to sell, just go ahead and sell but remember recovery is already in sight starting from today. Most stocks will close higher than you expect. Bargain hunters know this and have already bought to their fill.

Also keep an eye on GSK vaccine news.

Happy investing.

Market will stabilize later today.

Opportunists are already positioning to buy more.

sellydion:
Nigeria Economy is bigger than these few companies

It is well

I am looking at quoted coys for now. Food inflation and all sorts of terrible economic policies like shutting the border have been around for long now. I don't see any real impact on the stock market.

Market will not change much. For the much I know, we have been in recession all the while. NBS just made it official. Banks are still cashing out looking at their results. Companies are not faring badly looking at the results they have posted. If you sell, you might not find the same stock to buy cheaper.

megawealth01:
Access Bank is just dull

Hahaha. No vex chief. That bank certainly need deliverance.

Looks like Covid did not affect Nigerian banks. They are just printing profit up and down.

megawealth01:
Yes... That stock is supposed to be trading nothing less than 20 naira

Let's say N15 at least. Market hasn't been fare to Access Bank, UBA and FBNH. Let's what happens in the days ahead. Those 3 stocks are usually bought on sentiment. Sentiment of what their price has always been in the past and not what it should be now.

http://www.nse.com.ng/Financial_NewsDocs/31925_ACCESS_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_.pdf

Access Bank don land. Good result. Access is underpriced.

emmanuelewumi:
He is heavy in real estate and the stock market.

Trained as an Engineer, worked with Tractor and Equipment a subidiary of UACN, crossed over to Nigerite where he later became the Marketing Director of the company till he retired.


Got MBA in Marketing, studied law and went to the law school, became a Chartered Marketer from the Chartered Institute of Marketing London. About 15 years ago he studied for the exams of the Chartered Institute of Stockbrokers and he also qualified as a Stockbroker.

Yemisi Shyllon is the largest art collector in Nigeria, he recently built and donated an Art Exhibition Studio to the Lagos Business School.

Yemisi Shyllon is an Engineer, Marketer, lawyer and a Stockbroker. The man is a well read book man

Our one and only NSE encyclopedia. Tuale baba.

http://www.nse.com.ng/Financial_NewsDocs/31922_STERLING_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf

Sterling bank!!!

Since circuit breaker was activated, things have never been the same again.

wanaj0:
Eku market ooo

Welcome sir. Longest time. Please don't leave us like this again oooo.

Keep an eye on GSK. Don't say you were not told.

Access Bank and UBA and behaving badly. Their small capital appreciation have been wiped off. Access has had a very poor run on the floor of the exchange. With the FBNH is going, it may likely overtake those 2 banks.

locodemy:
Transcorp can become kpomo as Senate has started probing the sales of Afam power by the FG.

Fingers crossed

Hahahaha. Wahala for kpomo buyers.

The volatility these past few days has been interesting.

The bleeding should stop tomorrow.

https://amp.theguardian.com/world/2020/nov/16/moderna-covid-vaccine-candidate-almost-95-effective-trials-show?__twitter_impression=true

Another covid vaccine is here.

megawealth01:
Will that affect their Nigerian stock?

Sure, it will. Who will handle Nigeria's sales,allocation and distribution?

Keep an eye on GSK. Covid vaccine breakthrough could change it's trajectory. I think they have found a vaccine but just trying to go thru the necessary clinical procedures and approval. The way they collecting monies from different countries and promising production of to a billion in 2021 should not be waived off.