₦airaland Forum

emmanuelewumi:
So you only want to listen to good news? Bad news will make us plan well during good times.

Too much of everything is bad Sha, just like Onifa who loves posting only bad news

When people are not in the market,posting bad news is a joy to them and you will know they are in the market when they start posting good news.

We are allowed to fight and disagree with Oracle but we must not be seeing to be fighting with Mr market...
No matter what we think or feel, let allow Mr market to do his thing.......

fxuser:
Nacho
- Price brk above 50-ema , testing above 200-ema
- Breaking above 7 month range consolidation
o Bottoming after 2 yr down trend
o FYE effect , Q3 coming into fruition

Thanks

rebekah2011:
I bought afolabi units for a portfolio that I manage.

tomtom370:
Just started my adventure into the stock market and I’m impressed by the growth of WAPCO shares.

Having some negative reservations and speculations about banking sector shares.

Which and which would you advise?

This might not be the best time to buy bank shares unless you know how to jijo.

rebekah2011:
We have not really discussed on the platform the benefits to investing public of all of these coys releasing their Q4 unaudited accounts. I feel it is a good development. Less cooking of the books and coys can be punished or adequately compensated with movement in the share prices. But when are the banks joining this train.

Did you eventually buy JB

millennium2012:
Nice one from JB:

http://www.nse.com.ng/Financial_NewsDocs/28649_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

A very good one

Mcy56:
Think FPIs are in the market if the attached 2019 summary of their participation (rcvd from Morgan) is anything to go by.
Could just be that they're been cautious at the same time.
Dont mind me, I no sabi interprete these things o.

You pay more attention to foreign outflow versus inflow.....
If outflow is more than inflow.....then you have the answer

Chibuking81:
There is a new development on NPF microfinance, base on new finding about their September proposal of right offer, it's not good for now.

Can't find any information on the success or otherwise of the right issue.
Could it be the offer is yet to open?

yom2:
but how much have they lost reasonably and unreasonably ? Even the greatest wizard is not guaranteed of entering precisely at 52 week low. Some times when guys come up with this argument. I see it as neither here nor there. If a stock can't do 100% to 200% in a season for me its not worth mentioning

My statement was made in a context and not in isolation.
I agree with you that it is always difficult to buy at year low.

When we have a sustained bull, getting 100/200 % will not be difficult.
However, I follow the market and gauge me expectations accordingly.
Sometimes, I am good with 10/20%, at other time, 100% might not be enough....

Uchetoba:
Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

At what price is the right?
And how many units did they offer?

Chibuking81:
And will likely add more 30/50% before April ending.

But there is no harm in risk management.

And if they add more 30/50 % , I expect some selected stocks in other sectors to do more...

Agbalowomeri:
I suspect the bigger moves will come in Q2

Since the FPI are not in the market yet, I expect the market to tank after the earning season....

Chibuking81:
Stock like Fidelity and FCMB do give 100% most at time, if entered at their 52 weeks low.

Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

billtommy:
If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

What are the reasons they are recommending a sell?
Is it based on TA or FA?

And besides, you must be able to do your analysis yourself if you want to excel in this bussines.
Know what you are looking for and define your objectives.

I am buying NAHCO for different reasons which might not meet investment criteria for another person.
I was looking for a stock in a different sector that has a possibility of giving me about 20% returns in this earning season irrespective of general market direction with emphasis also on capital preservation.....And NAHCO comes in good........

For somebody looking for 100% returns, NAHCO will definitely not be the right one....

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/28642_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

fxuser:
u dont need chart sef , just look at daily closures (morgan got monthly price reports)
- been closing at 2.40 every day since 15 jan

Thanks.

I actually need the charts just for educational purpose.
I have done my findings with FA and it is a buy and I have also been accumulating at N2.4.
I need to determine what size of it should be in my portfolio, reason for asking for TA angle.

@ fxuser

Kindly do me a favour with NAHCO charts.

Mcy56:
* Board meets to decide and deliberate on the FYE (financial year end) results. FYE is a cycle of one year.
* Decide on the dividend payment for the year end. How much to pay as dividend per share.
* AOB ......any other business.

After the meeting:
* Board decision is announced.
* Qualification date is announced
* Dividend Payment date announced

That's what I know.

For banks, the results will be sent to CBN for approval before public announcement.

NAHCO

RabbiDoracle:
You now agree that the newbies are being sold monkeys by brokers.

Many illiquid stocks are being offloaded to these new entrants.

I don't think it is the fault of the brokers.
The newbies will most likely be the ones asking brokers to buy for them.

Those kobo kobo stocks have a way of attracting the attention of the uninformed

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28632_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
This is serious

Chai! Chai!

Toluway:
Even ABBEYRDS has taken off ! Do you know this stock?Mortgage Bank or something? I dont remember how it found it's way into my Portfolio in the days of yore! I'm finally off the mysterious trap.

May be it will get to my turn
I still want to sell my aso saving and loans

The report read: “A total of N535.9 billion, which is 5.36 per cent of the funds, was invested in domestic ordinary shares; while N68.56 billion, amounting to 0.69 per cent in foreign ordinary shares. Read more at: https://economicconfidential.com/2020/01/pension-fund-rises-to-n10trn/

RabbiDoracle:
15m units sold on 17th (Friday) and 20th (Yesterday) January 2020.

HW might be the one to herald the bear that Oracle has been preaching

rebekah2011:
UBA will pay N1 dividend without any stress. The Q3 had EPS of N2.32

The question is not if they can pay but will they pay?
I don't trust Tony with any promise.

Mcy56:
I just dont get something here.
When one director was busy offloading Millions, if not billions of Zenith some days ago, you guys kept holding the faith and didnt fear.
You all saw it as a bargain opportunity, what makes the Access sale now different?
Is it because the Zee director did not announce his own or what?
I'm just not understanding...............
Let me come and go and read you guys reasons for the panic anyway.......but I see no panic so far............

I think the new rules make it mandatory for directors to disclose their interest in selling or buying shares.
It could mean that the person that was offloading Zenith at that point was not a director as speculated.
If Zenith MD had disclosed that he sold some of his holdings, someone like me would have run away....

Bomboclad:
Even though I have never issued a recommendation on Access, i would like to say that I find nothing wrong with Access at this point in time. What investors are wary about is the value of dividends to be offered with FY2019 result. I do not believe that the recent sales by Herbert is anything to worry about, though precautions are necessary.

Anybody investing in stocks should have one thing very clear - Personal Strategy. Listen to the wind but keep with your plan and modify when necessary.

Is only insiders that can know the true state of things in access, we can only speculate here.
However, as a fundamentalist, insiders selling down on their holdings is not a sign of good thing. With TA pipu, it is a different thing as they claim they can see everything in the charts.And as Fxuser posted earlier on, it is all noise until the imaginary lines show otherwise.

rebekah2011:
In a saner clime, that move in Diamond Bank should have earned him a sack from the Board. But this is Nigeria and anything goes.
http://www.nse.com.ng/Financial_NewsDocs/28609_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf

This is a bad one for access shareholders.
MD selling his holdings at this period in time?

ogawisdom:
Lol haters everywhere

Ppl view this MBA forex with Ponzi mentality it's not the same bc Ponzi is not a business but a pyramid scheme whose success depends on new members fund but forex is a high risk business that has been with us for centuries.


Rumors, lack of new members n panic doesn't affect MBA system bc it is not dependent on getting new members but on successful forex trades.

The only thing that can affect MBA is if they fail to make successful forex trades for a longtime and which will almost not happen bc of the expertise in their fold n the solid risk management strategy they have

The best a genuine forex trader can do is to promise to share profits on trade with investors.
Anyone who promises a fixed returns on investment to investors is probably into something else.......and it is a matter of time.......

Paulfroshman:
Please what does shareholder Account No Means?

It is not compulsory that you fill that space.