₦airaland Forum

In this kind of situation you are tempted to sell. But once you do, you come back to buy the same stock at higher price.

Holding is the game changer now.

FBNH still has some up side. It needs to close the gap between it and UBA/Access. A lot of people seem to be interested in it now.

rebekah2011:
it closed on Friday at N27.2, say Wednesday is the mark down date. The dividend declared will be removed from closing price i.e 27.2 minus 2 = 25.2 . A bonus of 1 for 5 was declared.
Let us say an investor owns 1,000 units.
Pre Mark down 27.2 × 1000 = 27,200

After Mark down
dividend 2 × 1000 = 2000
Bonus = 1/5 × 1000 = 200

Price after Mark down 27.2 -2 =25.2 ×5/6= 21

27.2×1000 = 27200
21×1200 + 2000 =27200

Where did your 6 come from on the Price after Mark Down line?

RabbiDoracle:
There is no second wave. No mind them.

Heat wan kee people for here. They should prepare for powerful hurricanes, typhoons, landslide after this heat.

My fear is the excess liquidity. It is worst than the coronavirus sef. But I will enjoy it (as they bring it in NSE) while it last.

Nkemjika!

We are waiting chief. Money has to be made regardless.

I see two possibilities here. With the opening of most economies, if a second wave of Covid19 happens again, a sharp fall in the market is expected. People will scamper for safety and exit the market in a very aggressive way than they did in the first round.

If there is no second wave or not so significant rise of Covid19, investors and traders are going to start looking for opportunities in the market. This should cause a sharp rise in prices of equities around the globe.
Nigeria will receive a reasonable inflow of FPI and there after market will trade sideways. After this phase, any breakout will be individual and dependent on event in the sector or earnings posted by the company.

meshpips:
We seem to forget so quickly.

History repeats itself time and again.

I mentioned to y'all that there is a major error in the method used for computing VWAP and as such, went ahead to correct it and create my own VAP.

@onegentleguy who called me a "demented jackhead" even told me that VWAP cannot be applied outside the confines of intra-day trading and I told him clearly that the same principle can be extended and used for longer periods.

The analysis for GUARANTY was from yearly open, high, low, close and volume values spanning the last nine years if I still remember.

I told the price from which it would bounce aforetime.

None other on this whole thread agreed with me.

E don happen now yet people still dey open their mouth follow me talk anyhow.

It is well o!

Bro, if Covid-19 didn't happen, those predictions of yours would never have come to pass. Few weeks ago, you were talking about prices falling further when it was obvious we were in an uptrend. Since then, prices have refused to fall.

Can you put a time frame on this your latest prediction of Zenith bank coming to N11.95?

Your posturing is making you not learn a thing from the market. I hope you are making money though?

UBA didn't come to joke. That's exactly what FBNH should be doing.

PETERiCHY:
Those in UACN rightnow

Peter, you are the best when it comes to memes. I love it.

Sellers will have the upper hand today. We watch and see how it goes.

UBA didn't come to this market to play O.

The people buying FBNH are bargain hunters. They are not bullish on the stock if not FBNH should have been touching N6 since.

A cry for help from CBN

We are getting a a months high from the bull in the market. Stay glued.

Some bargain still available in the market.

Mcy56:
Mcy is here my bros. Anything for me?

If we don't see you, it looks there is no market na.

This market has ranged for a while now. This will we tell if we are going up and coming down.

Mcy where are you? Are you hiding ni?

This cloud building up in FBNH should just rain.

It's been a long time coming.

Market is set for a short rally.

https://www.nairaland.com/5856347/firstbank-cardholders-record-1.18-trillion

FBNH insiders are buying. FBNH electronic transaction is gaining traction.

What more

This page has been cold lately. The lull in the market is affecting everybody Abi.

May be sell in May is already happening.

@PeteRichy, what is OcTuPoS saying?

Whatever is cooking in FBNH, no dey cook finish sef?

2secs, make everywhere burst!

Can FBNH do a solo run?

Watch MTN closely. Those guys are amazing tones of money this period.

bigjay01:
AIICO update!
http://www.nse.com.ng/Financial_NewsDocs/29943_AIICO_INSURANCE_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Dividend - 0k/share
Bonus - 1 for 5

Chai! Where is that person that was projecting 20 to 25k dividend? AIICO has done what they are good at and that's pay no dividend.

jideflash:
osheeey , Janitor. Send us small money make we follow you mop na, this mopping work too much for you alone, im a helper

Oga Jide. How is our Caverton na. Hope the result and dividend will make sense. You are already an insider O.

dharpzee:
AIICO's insurance 2019 financial performance, is outstanding, hope they will declare better dividend this time o, since they made almost X4 of their 2018 profit.
A dividend of 20 -25k will definately be very good in this current dispensation.

Did you say dividend of 20 to 25kobo. Ahh! That's too much na.

Heavy crossings observed in FBNH.

We are only going up regardless of negatives winds!

lancee:
Be like say this big pocket bring money to shake the market ...se as dee dey suck gtb

*watching *

That's the game plan. Buy cheap by all means possible.

Is somebody seeing what Ardova is doing? Almost 50% already. Kai! N15plus now.

Market slumped too early. One day in, one day out.

In all this FBN needs to sit comfortably above N5. Looks like it is going to be a bullish week.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29882_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

So they shifted the goal post again.

Mcy56:
UBA in solidarity movement with Access, what's her own?
Access: doesnt seems its going to fall as may be expected. We wait to see what will happen by COB.
Dangcem, Nestle: Waiting for moneybag to move their ministry forward.

That's my major problem with UBA. It always mirrors Access Bank as if it is a crime to overtake Access.

Shake out on-going at the moment. Choose your side carefully.