₦airaland Forum

Mcy56:
Hhmmm..
Well, I followed market to give updates mostly and to do jijo sometimes, sometimes I don't perform any activity in the market for weeks.
Anyway, you said well. Thank you.

Mcy56:
Being an investor pays, especially with good and healthy stocks.
I'm really eyeing that section now with the digital trading in vogue.......one can always monitor his/her portfolio and the coys performances.
Will just build on two stocks first, then start adding additional one by one as funds show.
The secret is to lay low and strike during panic or bad news time when prices are low, by God's grace.

emmanuelewumi:
Badly managed banks will not go down over night they usually give signs 12 to 24 months before they go under.

Intercontinental bank, Oceanic bank, Skye Bank gave enough signs, I didn't not have diamond Bank shares so I am not sure if it gave signs.

Lion123:
Silly question: Is there any possibility that there will be no markdown on stocks this year? Because everything is ridiculously undervalued - especially the banks. Marking down shares at these prices would be wickedness. How a healthy bank that made N208 billion in 2019 (and has more than N900 billion in retained earnings), is trading at a N600 billion market cap (barely 3X earnings), is perplexing.

needful:
Is this a good buy? @ Sir Emma

Mcy56:
Anyway, until there's permanent solution to this virus, we should not be left offguard around this period.
We hope stocks stabilize and gain the whole of this week and plans be put in place to re-balance portfolios.

mendes911:
So you an investor wanted to come and chop from the plate of traders. God haff caught you. LOL.

mendes911:
Boss, you know that if not for the present condition of markets, you woudn't have seen UCAP to buy at N4.00. Once a good result is released (Zenith no follow here ooo), it usually rallies immediately, does a small pullback and then do another small rally when dividend hunters surfaces towards markdown date.

Corona don change am for us this year.

mendes911:
Are you a trader or an investor? How long do you intend to hold this stock? Sincerly speaking, nobody here is sure of what will happen after markdown and also performance of UCAP this year. I don't know much about UCAP but I read a report saying that drop in T-Bills and its likes will affect their revenue going forward.

But if you are trader, buying into UCAP for the sole purpose of getting dividends and then japaa after that might be a wrong move. It might be possible for UCAP to gain 10% before markdown and traders usually benefit from such (if 10% shows up and they sell before markdown) but with the present condition of our market, nothing is certain.

mendes911:
Agba is already super tired. You dey hear am talk again? LOL.

All of us are tired though, truth be told. Whether you are in or on cash, this market is not yielding returns for anybody.

Agbalowomeri:
ASI at three year low

locodemy:
Abeg,forgive us and show us hope.
Maybe the God's will honour your words and turn the market green.

Save your brothers,friends from imminence collapse abeg.

mendes911:
What about Transcorp?

#Heels...

mendes911:
UBA and Transcorp don land oooo

http://www.nse.com.ng/Financial_NewsDocs/29224_U_B_A_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29223_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

currentprice:
black friday

2.2% loss

mendes911:
Long journey to recovery?

mendes911:
It will all come to past. Most stocks on full offer already, majorly banks. Access, Fidelity, UBA, etc.

Agbalowomeri:
I think only long-term funds should be left in the market as at now
It could get very ugly

Agbalowomeri:
If you buy on qualification day, you qualify

Mcy56:
Boss, like I said, its just my opinion based on my observation.
I may be wrong.
One group will be justified at the end of the day. We wait and see.........

Mcy56:
Panic selling by uninformed investors.
Shaking off weak hands.
Na my own I talk oo.

Mcy56:
Thought I will see pre-market of all banking stocks on full offer at day's low, i.e. minus 10%, but I havent seen anything like that.
We're waiting for market to open first.

Mcy56:
But you know this is NSE nah, things may change overnight. We are still not sure of whatever caused today's dumping.
Maybe we will get the info before market commence tomorrow.

mendes911:
Policy somersault as in they will soon reverse this once they realize how stupid it is. Let's keep watching.

But FPI's are mean. I swear!

emmanuelewumi:
Interest rates from microfinance banks will send him out of business, he should be looking at a minimum of 3% per month or 36% per annum.

mendes911:
They always start with restrictions before the final devaluation.

Banks can't sell FX to you and you can't transfer international what you deposited yourself.

Policy somersault in Nigeria. Counter productive.

Biafran4life:
Don't get carried away with what ever is been shared as report.The only report I can tell you is that lapo has been closing offices in some states living those who opened account in this states stranded.That mfb bank is one chance.

fineguy11:
Will send you the report via mail latest Tuesday..

fineguy11:
please check my Signature!

fineguy11:
You have not been able to provide any logical reason why investors shouldn't in MFB's. Your only logical narrative is that nothing good can come from the word micro.