₦airaland Forum

maishai:
Renaissance is a firm run by and for scientists, employing preferably those with non-financial backgrounds for quantitative finance research like mathematicians, statisticians, pure and experimental physicists, astronomers, and computer scientists. Wall Street experience is frowned on and a flair for science is prized.[19] It is a widely held belief within Renaissance that the herdlike mentality among business school graduates is to blame for poor investor returns.[6] Renaissance engages roughly 150 researchers and computer programmers, half of whom have PhDs in scientific disciplines, at its 50-acre East Setauket campus in Long Island, New York, which is near the State University of New York at Stony Brook.[24] Mathematician Isadore Singer referred to Renaissance's East Setauket office as the best physics and mathematics department in the world.

Source: Wikipedia



Anyone who knows any of their methods should please share, they never use Fundamental or Technical Analysis............. just statistics and Probability and they smile home with Billions of Dollars..............If anybody has encountered them or any of their affiliates should share

What do they trade?
Can we have a link into their performance that is veritable?

billtommy:
After declaration of dividends, what is expected to happen and why? taking zenith bank's scenerio as an example? I want to know if its the best time to buy such stock or the best time to sell

The market is not smiling now, better for the inexperienced to stay away....

owoblow77:
Sir Loko, I give up Jijo is not for me My blood pressure is already up. Lost 8%. Sold everything. I can't come & go & die E no even reach 2 weeks

Some of the talks on how people make money with jijo are exaggerated.....
Jijo and HBP go together.

DeRuggedProf:
Hammer became Chisel, carving prices since 500 BC......

Mcy56:
FCMB: Seems result is around the corner................some dangerous plays and manipulations ongoing there.
FBNH.............getting some bashing..............
Zee........price below 20 naira is still a good buy to me. She tried this time around for not getting massive dumping when result was out.

They have started the dumping o.....
Over 100m units traded.....

And Mcy might be right after all about ucap.....
My order at N3.35k just got filled....

Chibuking81:

That why am angry with them. They really need to change this time. If Fidelity make mistake and pay 30 kobo, they will climb to #4.

If you are looking for good dividend yield, look away from those banks....
They need to conserve capital and they don't need to impress people by paying high dividend.

Chibuking81:
Always deliver.
Another will be UBA.

UBA might also pay what they paid last year and that would mean a dividend yield of less than 10% at current price......

mendes911:
So Jim Ovia wasn't the one selling and it was't either of the directors too. No wonder there was no PDMR statement....

Some of the directors actually increased their holdings...

dinyelutochukwu:
Greetings my people,
Please who understands what’s happening to sterling. The stock has been consistently hitting new lows in the last two trading days.

Market correction!

Sterling selling at a price above fidelity and fcmb was an anomaly...the gloves are off

locodemy:
Exactly sir.Hope I have not offended you sir?

Offended ke?

You don't expect me to be trading with ten thousand nauw after how many years in the market...

The 10k narrative is just to encourage those who don't have millions now....
That they can also make money in the stock market no matter how small the starting capital is

locodemy:
Same ratio not same value.

10% of 10k is 1k.Can you use 1k to buy food stuff?

10% of 5m is 500k.I can manage this portion for one month.

Since I came to understand this 10%,I have not misused it even when I get trapped ,I look for fund to trade same stock at another lower support.

Try to get my point.

Money is relative and not absolute....
Just as you are looking at 1k as small money somebody up there is looking at your 500k as small money too....

The koko is not to loose money. If you start with 5 million and as you claim, you are making 10% on a jijo, you will double your money when you do that 10 times. The same way someone who starts with 10k will have doubled his money if he can also do 10% ten times.

locodemy:
Doing 10% jijo with 10k?
You will only feed your broker while you go home to borrow money for living.

I don't understand your argument.
If jijo is profitable with millions why won't it be profitable with thousands?
Are brokers charges not in percentage again?

locodemy:
Oga chibyke,if only you know how much 10% gives to we traders,you for don fancy all these ur investment preaching since.

Look for more cash at least 5m or you join Jijo gang with excess cash for easy 10%.

I will stand anywhere to defend jijo/10% except during bears.......

@ NSE I know, investment is dead waiting for burial date.

You and your millions.......
Somebody with 10000 will be excited the same way someone with millions will be if he makes 10% of his capital on any trade......

Agbalowomeri:
Next potential ASI support 27K

And if that is broken.......

Where is Oracle and his bear gang
The bull gang seems to be in full force today

Willie2015:
Ucap on fire...
71m bid..no offer...
Uhmmm

I have added my own bid

rebekah2011:
Zenith bank and other banks

OK, thanks.

rebekah2011:
The company is now in an era where they can always afford to pay out about 75% of their PAT because of the revised excess dividend tax law. As long as they do well and sustain the profit at N4/5b, shareholders will be fine.

Which other companies do you think will benefit from this revised excess dividend tax laws

ndidigood:
but y is jb falling hand with eps of #8?
Still picking shaa

The market breathe is bad.....
I am waiting for the audited result and what they will declare as dividend...

currentprice:
mkt in bad shape technically, as quoted above i dont think ucap can change the mkt, she might go solo sha

daily, weekly and monthly clearly below the cloud, moving away from 50 MA

The major attraction for ucap is the dividend, the numbers are not so impressive.....

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29121_UNITED_CAPITAL_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf
50kobo dividend

But why did they wait till today to announce the result

Marlianvestor:
The FPIs are just looking for guarantees re. their carry trade activities incl. the sustainability of their OMO bills participation) and Meffy has given them a longer 5 year FX forwards contract to appease them. With this, just watch out for the rising yield in the FGN bonds (thought very low now) and that to me, is the headwind for the stock markets, not imminent devaluation.... Once the yield is back in double digit, wahala dey for stock mkts!

Yield was in double digits from 2018 to the later part of 2019 and NSE was still bearish......
We will surely know if fpi have been appeased or not with subsequent economic reports .

Marlianvestor:
Do you realise that the CBN just floated a 5-Year FX futures contract to reduce $ demand pressure in FX mkt, encourage $ inflows and at least stave off imminent devaluation for now, huh? Besides, the gov is planning to go back to d Eurobond mkt to raise $3b (not yet confirmed but likely)... In all these, it doesn't make any mkt sense to devalue now, many make-shift options still available... Abeg when we are crying wolf, let us at least validate our crying o!

The fpi are exiting our market for a reason.......if they are not here,the probability of a sustained bull is remote..
The fg will not allow devaluation if there is a choice....we always do it when we have our back to the walls......
Nobody can say when devaluation will happen but there are indices to watch out for-, oil price and forex reserve...
I don't argue with market but plan ahead on what to do when events happen....
I am still in the market but very light as I believe money can be made at anytime no matter the direction of the market....

We all have the freedom to choose how we play the market no matter what people are saying..

katamo:
So just last week CBN introduced longer-term naira/USD contracts for up to 5 year settlement. Based on the contract prices published by the FMDQ, the longest dated contract maturing in January 2025 is priced at 379.81, implying a minimal discount of 4.0% to spot rate of 364.85 in the I&E Window. This makes me believe that CBN will continue to defend the naira as they will have to take large losses on currency devaluation. But then again, CBN can sometimes be irrational!

The decision to devalue the naira has little to do with rationality....
The major determinant is oil price....if oil price is low CBN will have no option than to devalue the naira

External Reserves Slides To 27 Months Low

https://www.nairaland.com/5691035/external-reserves-slides-27-months

Bomboclad:
True!
I have found no symmetry between the movement of Oil Price & the ASI. If anyone has the analysis for such a study, I would be glad to be a student of yours.

We have discussed the issue sometimes a go...

NSE doesn't follow oil on a day by day or week by week movement...

The correlation of oil with NSE is on the long time direction of oil...
If oil price is bearish for a long time expect naira devaluation and you are better off not to be in NSE at the point of devaluation.....

STOjo:
@RabbiDoracle, Pls do not stop. More people are benefiting from your advice.
Did you force anyone to exit. As far as I am concerned "ADVICE IS MEANT TO BE TAKEN OR REJECTED" and that is why it is called advice and not instruction. I beg no vex.

STO

And what if advice is giving as instruction...

rebekah2011:
The investment awareness in Nigeria is still very very low. It has more to do with lax regulations and the selfish nature of the managers of quoted companies. Oga Loco, has advised us to get a minimum of N5m to play the market. I am looking for my own N4.8mm to complete my seed money.

Loco narrative will soon change

Toluway:
I dont think jijo needs the fundamental os a stock. You only need a stock that is trending with high bids volume, and then jump out when it reverses. As a swing trader, you already know you cant win all the time, but your wins would be more. I'm beginning to admire the system. I was used to it when i was doing forex trading. But the problem wit forex trading is, when you want to quickly get out, the system will not allow you to, TELLING YOU MARKET IS BUSY, UNTIL YOU LOSE.
That is why i stopped trading forex, and contending that it is a fraud.

What happened to stop loss

Intendy:
Stocks with new 52 week lows

Sterling bank #1.55k

Skyway aviation #3.05k

Stock with new 52 week highs

Law union #1.22k

Where are those people doing kobo kobo order preventing sterling bank from going down before

rebekah2011:
Oga mi, how can you call that a good result? In life, lessons must be learnt. It depends on an individual to choose the method he/she wants to learn.

From where they are coming from, I think it is a positive one......
From a -ve net assets of about N35b to a +ve net assets of N6b.....

I don't have a single unit of japaul oooo