₦airaland Forum

There is bull on the floor. How long will it last? May be Monday, e go end.

People who buy GTB and Zenith are usually not small boys. They come with hefty funds.

PETERiCHY:
10% of 10m is 1milla which will go along way in this pandemic era

BARGAIN HUNTERS TAKE NOTE!

Big time chief. Which stocks do you have under your belt now?

To get 10% to 20% on NSE is an extremely difficult.

NSE is actually not deep and have scanty investors with not so big pocket. And now that FPI is not coming in, the market is stagnated.

Look out for FBNH. It will shock a lot of people

Is there public holiday? Why is this place so quite lately? I thought we said we are making money this year.

Julius Berger took a major hit in their half year result. It was expected but didn't know it would be this bad.

Tvegas:
I sent Morgan Capital a mail for a reduced transaction fee because of volume of transaction i plan to do with them about 2 weeks ago, They promised to get back and till now Morgan hasn't said anything. I sent a follow up mail there was no response. Over the weekend I opened another account with Meristem, the customer service experience has been top notch.

My Conclusion: Morgan has made money or has money right now hence they don't need your kobo kobo deposits .Their live trading platform still seems better though but pride goes before fall. They need to watch it.

Meristem Customer service is in a world of its own. If they maintain those quick responses they will go far .

I agree with you. Though I use Morgan. One time, I had issues to sort with Meristem, the service was top notch. Follow up calls and timely delivery. When they promise you a deadline, they try to fulfill it.

NSE is one hell of a paradox. You announce opening up the economy and ending interstate lockdown, market tanks further.

What does the market now respond to?

onegentleguy:
Let me help u.
The way to this is to apply the concept of the TIME VALUE FOR MONEY to know if ur better off collecting the bank loan. There are 2 key lines to verify this:
The 1st scenario is where u work for ur money while the 2nd is where u allow ur money to work for u.

SCENARIO 1;
The 1st thing u need to ask urself is; would that amount I'd receive from the bank today be worth what I'd give back in 3 yrs?
Put differently, is the N708,508 I get today really worth the N947,880 i'll pay back in 3 yrs?
The idea is to look to ensure that u got a better VALUE from the "weight" btw the funds borrowed and the interest paid at maturity. That "weight" draws from the risk-reward margin.
Hence, we need estimate the PRESENT VALUE(PV) of that future value(N947,880) u'll pay to the bank at maturity, then compare it to what they're offering u now to see if its a worthy move.

Based on the data u provided;
Future value, FV= 947,880
Our interest rate p/a will be a peg that's >/= current inflation rate(@12.4%). So r=12.4%= 0.124 while n= 3.
Now using the formula for PRESENT VALUE, PV= FV/[(1+r)^n)]
Therefore PV= 947,880[1/(1+0.124)^3]= 947,880/(1.124)^3...
which should simplify as approx N667,505
So in essence, that N947,880 u'll pay in 3 yrs is actually worth N667,505 today.
The interpretation of this is that the bank is offering u approx N41,000 more than the actual value of what u would naturally get elsewhere based on current economic realities.(i.e 708,508 - 667,505)
...which makes it a good deal on the surface.

SCENARIO 2;
What if u were to invest that monthly remittance u'll be paying to the bank(N23,330.70) on ur own, and compound it over the same 3 yr period. ...more like looking to see if u can get that money u'll derive from ur salary deductions to work for u, rather than borrow and work for the money.
...would it be more valuable?
Again, we need to do an estimate, but this time, it'll be a different formula... the FUTURE VALUE OF ANNUITY WITH CONTINUOUS COMPOUNDING.
The idea is to find out if u would be better off saving that monthly N23,330.70 in a fixed income instrument(say fixed/time deposit) by estimating the future value of that amount in 3 yrs.
Using the formula for future value of annuity with continuous compounding FVa= CF[(e^rt-1)/(e^r-1)]
where CF connotes ur initial cash flow(i.e N23,330.70)
Most banks will offer u btw 5-6% cap on fixed deposit, so we'll equate r as 6%. Hence rate prorated monthly= 6/12=0.5%... so r=0.5%= 0.005
t is the time period= 36 as we have a 3 yr period compounded in months.(i.e 12x3) while e is the Euler's constant.

Therefore, FVa= 23,330.70[(e^0.005x36)-1)/(e^0.005)-1]
Which will simplify as approx 917,945
So FVa=N917,945
The interpretation of this is that ur N23,330.70 @ 6% interest can have a value power of N917,945 in 3 yrs.
Again, notice how this value is N29,935 less than what u would've paid the bank at maturity should u decide to go for the loan.(947,880 - 917945).
Hence, since both scenarios shows u are better off collecting the loan, then indeed, u are better off.
...JUST GO COLLECT THE MONEY FROM THE BANK my dear !!

Hopes this helps.

OGG always has answers. Kudos chief. You are in the financial/investment sector.

http://www.nse.com.ng/Financial_NewsDocs/30624_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JUNE_2020.pdf

Wigwe keeps buying Access bank @6.80

Bargain Hunters Take Note.

Caverton just came down. N1.99 You can grab if you want to.

locodemy:
You don't need him to whisper to you.
When he bought fidelity at #2 about 3 weeks ago.what do you expect him to do if not average down.He is even well known for average down things following past events.

Fcmb is set to overtake fidelity anytime this year.

Hahahaha. Loco easy na. So you are saying we should meet him to learn how to average down.

Currentprice I hope you are good? You need to show face.

Sir Wanajo been a long time. You can say hi to us.

Buyers place their bids low and usually refuse to budge. Later in the day, sellers come and start selling massively at the price buyers are bidding. That's exactly what has been happening in the bank stocks.

They are not even moving an inch up. After the day closes low. Tomorrow, they come back and bid even lower. And the cycle continues.

GTB already did 23million units. This must be a cross deal that was not executed yesterday.

Almost all the people viewing this thread as at now are unknown monikers. Where are the veterans? Is there fire on the mountain already?

luba9876:
Skyrun is good. Though, i use the one with two compartment: fridge and freezer

Pls how long have you been using them? Does freezer retain ice for long after it is frozen?

emmanuelewumi:
I was held hostage for 3 years by that stock, even when I wanted to sell at any market price. What is the essence of having a stock that can't be converted to cash within 5 working days to

Wow! That's a big red flag.

Did Mutual Benefit Assurance declare any dividend.

Looks they did very well in there 2019 YE report.

RabbiDoracle:
It is gradually shaking people off and consolidating for a higher rise.

Once it starts, na so people go dey pursue am.

I wish US market is like NSE. See the money pouring in. I learnt a stock gained 1,000% in a day but later closed at 809%. This na bubble o.

Okay. We are waiting for it to bang then.

How is the bull from Burundi doing lately?

Frenzy. Market is on the move steady.

Princkez:
it also traded 1.036B units in the month of April

There is something going on in FBNH. There is a pattern. I still see some more upside in few days time.

olamidedivotee:
South Africa is colonizing us slowly

Nobody is stopping you from setting up your business in other countries.
Let's get our priorities right.

onegentleguy:
Honestly, I was just about doing the very same thing u just did.(digging up some of his past post)
This was the very same person who on several occasions, criticized my many analysis on this same UACN @ the time the coy was selling for btw N4.5 and N4.6.

The guy is one and the same person(see my post above)
I wonder why he'd sometimes stoop so low and "run himself down to the eight"
It's really not good for his person.
I hope he'd have a rethink and try to act a bit more mature.

Regards

Pay him no mind chief. He clearly has an agenda.

May be his bulk money is tied down in UACN.

thesilentone:
We can reasonably make a few conclusions:
1) Big money do not use our VAP model
2) They are truly going off script
3) Always follow the money if you're nimble enough

Key take away; always follow the money.

GTB is on a solo move already. Big money move.

Others who incapable of deciding their path may likely join in.

ukay2:
We that have planted already. ....na harvest we are waiting for

Harvest time is near.

Meshpip no go kill person. I anticipate higher price levels next week.

Spanish La Liga to resume June 11.
English Premier League to resume June 17.

Inter state flight will start June in Nigeria.

Normalcy is back.

Money will chase equities. Uptrend is on.

We are in an uptrend. There will be pull backs and trend continuation. Take profit if you want to but this market is moving up. Except you are not seeing it.