aremso:


ucap did 9 naira last year targetint at 9 to 12

With this mindset, when UCAP touches N9, are you sure you won’t move the goal post to N8? The market has a way of messing with people’s minds.

Own 1-15 good companies, and continue to water them with periodic investments. This is how you invest and build wealth. Results will not be felt now, but in 10-20 years, your dividends will be huge.

Streetinvestor2:
This what I have been trying to decide. Pls what do you think.I bought all my ucap BTW. 90k -#1.20.If it get to #20,should I sell hoping to buy more quantity at lower price not that I need the cash.And how about if it doesn't go lower I will feel bad because of the dividend I have been enjoying. MY target is how to increase my quantity

Personally, if I have this average cost (around N1) then I am never buying more at N15.20. I mainly practice averaging down on quality stocks and rarely average up. I would rather sweep the market for potential stock(s) that could do this again.

veecovee:
Thanks a bunch and God bless you, selfless Lady.

Pls o, I'm tempted to jump into STERLNBANK, which sin did they commit that kept them where they are?

Bless you Pastor Vee.
Happy to receive upgrade from you sir.

As for Sterling, it was selling around 1.31 or so, not too long ago. Would have been a good time to jump in.

Maybe the sin committed was paying dividend.....lol. Just joking and also saying based on observation of how high it was selling before they started paying dividend but relegated to 1.50 region when dividend started. Lol don't mind me.

If interested, try and see if it goes below 1.50 and pick.
Sterling paid 0.10k dividend last financial year, maybe they'll throw some goodies this year too.
I Blvd it will move at the right time sha.

There is a quiet member of this thread, he comes around to pick our brains. I have known him since 2006 when we both have an account with the defunct UBA Stockbrokers now known as United Capital Securities.

He is a civil servant (road safety officer) his United Capital shares is almost 1.5 million units, not bad for someone who started investing in the stock market in 2002. Meaning he got a dividend of about N2 million from the company in 2022


Definitely when he is due for retirement in 3 years time he has created extra income for himself that will subsidise his pension

seyisanya:
Personally, if I have this average cost (around N1) then I am never buying more at N15.20. I mainly practice averaging down on quality stocks and rarely average up. I will sweep the market for potential stock(s) that could do this again.

The public offer sold for 90k.


My average price climbed to N3.50k because I bought more last year, I still bought more today

emmanuelewumi:




Based on your average cost price, your yield on cost is about 120%.


Use you dividends to increase your holdings.


Sell if you think it is over priced, considering the dividend yield and earning growth of United Capital I think it has a fair value of over N22.



My opinion though

Thanks alot.My FV was #20.That was why I mentioned 20.I am thinking I could play smart one and sell at that and buy back below that my FV again. This is my best performing stock

emmanuelewumi:


The public offer sold for 90k.


My average price climbed to N3.50k because I bought more last year, I still bought more today

You still bought today.i like this

emmanuelewumi:


The public offer sold for 90k.


My average price climbed to N3.50k because I bought more last year, I still bought more today

Wow, much respect sir. As for me, no way will I buy more at N15.20 when my average cost is 90k! LaiLai

I have sufficient units at N3.50 and so shall it remain!

FIDELITY looks the gas don finish. Should I start with you as per rebalancing my portfolio as my BE is 2.17 .Then what do I buy at this time with the money .Something that will give me another 100% in future

Streetinvestor2:
Thanks alot.My FV was #20.That was why I mentioned 20.I am thinking I could play smart one and [b]sell at that and buy back below that my FV again. [/b]This is my best performing stock

Why sell a stock bought at 90kobo average cost at N20 and then buy back below N20 again? I don't seem to understand this strategy. What could be the reason to buy back again at that price?

20kobo mopping still ongoing.

jideflash:
oh wow, thats a significant stake in the company, should be expecting further mopping of the shares.
is it individual or institutional?
what are you seeing in the company;
concerns= high P.E., Low ROE, no dividends and still negative retained earning?
plus = growing earnings and good equity value. stock is undervalued compared to book value.

seyisanya:
Why sell a stock bought at 90kobo average cost at N20 and then buy back below N20 again? I don't seem to understand this strategy. What could be the reason to buy back again at that price?

He is trying to make money ni, the strategy for making money is different from the strategy of building wealth

Streetinvestor2:
FIDELITY looks the gas don finish. Should I start with you as per rebalancing my portfolio as my BE is 2.17 .Then what do I buy at this time with the money .Something that will give me another 100% in future

Oga just leave that your Fidelity alone for now.......
Fidelity stayed longer at Circa 3, whatever makes you not to sell that time should make you leave it now.

Look for other non-perfoming stocks in your portfolio to sell........just try and check with the Ogas too before selling.
Try and convert FIDELITY and UCAP to your dividend stocks.

No vex say newbie put mouth for your talk o.

seyisanya:
Why sell a stock bought at 90kobo average cost at N20 and then buy back below N20 again? I don't seem to understand this strategy. What could be the reason to buy back again at that price?

My fair value is #20.I was seeking opinion that if it gets to that I should sell hoping it will come back to 13 which it was for long before it moved. This way iI will have more quantity without adding additional cash from another source. Try to play smart and predict the market, lol

Streetinvestor2:
My fair value is #20.I was seeking opinion that if it gets to that I should sell hoping it will come back to 13 which it was for long before it moved. This way iI will have more quantity without adding additional cash from another source. Try to play smart and predict the market, lol

What if it doesn't happen.

[quote author=yMcy56 post=120734276]
Oga just leave that your Fidelity alone for now.......
Fidelity stayed longer at Circa 3, whatever makes you not to sell that time should make you leave it now.

Look for other non-perfoming stocks in your portfolio to sell........just try and check with the Ogas too before selling.
Try and convert FIDELITY and UCAP to your dividend stocks.



You are highly welcome. I need all the suggestions and opinions I can get.My sis if I got this like 15 yrs ago I for no pay plenty sch fees. And it is even coming for free.Do you know how many 6 zeros I lost to iburu and family, tantalizer, plenty insurance fraud called companies,union homes and the stupid ones that finally left the country for ghana

Ades1:



With this mindset, when UCAP touches N9, are you sure you won’t move the goal post to N8? The market has a way of messing with people’s minds.

Own 1-15 good companies, and continue to water them with periodic investments. This is how you invest and build wealth. Results will not be felt now, but in 10-20 years, your dividends will be huge.

once i buy at my target i close eyes more so i will buy in batches, so if i buy uba at 6.60 and i see it at 9 i should not sell waiting for dividend of 90kobo and after the dividend it will come back to 6 naira region and i will miss about 2.50 cos of 90kobo then how do u build wealth then i will finally settle for the dividends stock i want when i meet the monetary target to acquired such dividend paying stocks

Streetinvestor2:
FIDELITY looks the gas don finish. Should I start with you as per rebalancing my portfolio as my BE is 2.17 .Then what do I buy at this time with the money .Something that will give me another 100% in future

Guy just look for a strategy that works for u and stick to it, that would be best for u.

emmanuelewumi:




What if it doesn't happen.

That is the big wahala. I download a T A tool to see if I could learn.Bro as try the whole thing no agree stay for the brain. My son dey even laf me say na old age.I will just leave the ucapital make e dey one side dey collect dividend. This year fit pass 1.50 self

Streetinvestor2:
That is the big wahala. I download a T A tool to see if I could learn.Bro as try the whole thing no agree stay for the brain. My son dey even laf me say na old age.I will just leave the ucapital make e dey one side dey collect dividend. This year fit pass 1.50 self

All things being equal United Capital should pay a dividend of N1.70k or more for 2022 financial year

Ades1:



With this mindset, when UCAP touches N9, are you sure you won’t move the goal post to N8? The market has a way of messing with people’s minds.

Own 1-15 good companies, and continue to water them with periodic investments. This is how you invest and build wealth. Results will not be felt now, but in 10-20 years, your dividends will be huge.

The result will be phenomenal if the dividends are reinvested and one was fully invested in the bear market

emmanuelewumi:




The result will be phenomenal if the dividends are reinvested and one was fully invested in the bear market

The greatest lesson I learnt from this thread was the bear market is the best thing for a true investor. I use to see it before as something that should never happen.

Streetinvestor2:
FIDELITY looks the gas don finish. Should I start with you as per rebalancing my portfolio as my BE is 2.17 .Then what do I buy at this time with the money .Something that will give me another 100% in future

Gas don finish in what sense?

Curiouscity:


I wish I had this type of awareness 15 years ago. Most of our parents wanted us to get educated in certain careers, but not how to manage and grow the money earned. I lived with my uncle who used to buy stocks in the 90s. He never educated me on it. I went on to work in a bank, where I help people buy shares or even cash their dividend warrants, yet I didn't own 1 share in any coy.

I know it is not too late for me, but I wish I started earlier than now.

my father actually made us learn how to invest.....the shares he bought for everyone many years ago opened my eyes about investing in shares. If oceanic bank was still operational our company would have been getting 4m dividends every year. It still pisses me off anytime I think of that bank.

Bizibi:
my father actually made us learn how to invest.....the shares he bought for everyone many years ago opened my eyes about investing in shares. If oceanic bank was still operational our company would have been getting 4m dividends every year. It still pisses me off anytime I think of that bank.

Popsy did well for you, hope you will or have opened investment accounts for your children.


If well managed the fund would have grown by the time the children are through with NYSC

emmanuelewumi:




The result will be phenomenal if the dividends are reinvested and one was fully invested in the bear market

Yes boss! One time purchase that pays me dividends for the rest of my life and beyond.

This is the part that’s attractive to me.

jideflash:
20kobo mopping still ongoing.

I hope that you ain't a SPECTATOR in being UNIVERSAL LY INSURED! But Uncle, what about the HELIKOFTA business... Any information?

Heishere:


Praise God. I am sure you even predicted that one before it happened and stayed away.

Thanks alot.

thesilentone:
@Rabbidoracle BoE and the Treasury are exploring the need for a 'digital £' as per this morning's newspaper reports.

More countries will adopt the digital currencies as explained earlier.

RabbiDoracle:


We are cool. The series of events was very far to where I reside.

Thankful

Streetinvestor2:
That is the big wahala. I download a T A tool to see if I could learn.Bro as try the whole thing no agree stay for the brain. My son dey even laf me say na old age.I will just leave the ucapital make e dey one side dey collect dividend. This year fit pass 1.50 self

Before now, I detested TA. I only used FA to buy and sell stocks after calculating all the metrics that goes with it. The limitation of this FA strategy is that it cannot be used to determine entry prices (or exit prices) except you use some highlighted by Benjamin Graham in the Book, The Intelligent investor.

However TA gives some levels of entry prices as prices decline or exits as prices rise depending on the tool you are using (trend line shows this easily)

You can try and read up TA terms on investopedia. Open Google, type investopedia and then space and then

- Understanding basic candles.
You don't need to cram. Just brush through. Overtime you will be revisiting these.
-Daily chart definition, trading strategies
- read about time frames
-read about Technical indicators.
-Read about tends and how to identify trends (bullish, sideways or bearish)

As you open each part to read, at the end of each article, you will see others highlight topics for you to read. Or even while reading, you will see some blue underlined on some terms. You could read them up and still understand it. Don't rush, it took me years and everyday I am still learning.


Then watch YouTube videos about indicators and then choose the type of indicator that will be easy for you to use. I will suggest you start with RSI first, then gradually progress to Bollinger Band, then moving averages and then MACD.

Don't ever open Ichimoku cloud. Because if you do, that could be the end of your TA journey. Ichimoku needs some kind of Japanese term assimilation and that usually puts people off.

Watch lots of videos on each indicators. There are tons on the Internet.

After these, come back and tell me how you have fared. But always start simple and then gradually progress to harder parts.

Sir, what if it never comes back at that price. I was tempted to sell Fidelity at N4 hoping it come back at less than N3, thank God I didn't.

Thanks to all resourceful information people drop here for FREE, God bless us all. I be novice for stock na the info here and there I dey follow and it has really paid off. Thanks a million folds

aremso:


once i buy at my target i close eyes more so i will buy in batches, so if i buy uba at 6.60 and i see it at 9 i should not sell waiting for dividend of 90kobo and after the dividend it will come back to 6 naira region and i will miss about 2.50 cos of 90kobo then how do u build wealth then i will finally settle for the dividends stock i want when i meet the monetary target to acquired such dividend paying stocks