It would be better not recommend UnityBank that is terminally sick. A bank with over N200billion negative shareholders fund when CBN regulations say minimum of N25billion capital should not be recommended, except you caution it's a gamble. It should not be all about you making the money.

He will sell to individuals that might buy your projected N1.80.

Zero sum game.

locodemy:


Why will the person who bought unity bank at 50kobo and now it is sold over #1 come here to blame people?Cant he sell it or wait for another rally if that is what he wants?

A stock you invested with 500k turned to #1m plus in a couple of days and you refuse to sell because someone said it will touch #3.Is this not greediness if not wickedness?

If bank stocks show more strength, unity bank will still go above 1.80 if you don't know.

I remember doing something like this on the Treasury Bill thread about 5 years ago.


A typical Treasury Bill investor does not like risk, they love predictability.

Some of them have been investing in Treasury Bill and FGN bonds for over 20 years. It is also good to invest in what you unɗerstand.

Unfortunately marketers of High Yield Investment Schemes and Digital Agricultural Investments started invading the thread offering unbelievable return on investment.

A woman in her late 50s with about N200 million worth of investments in Treasury Bills and FGN bonds was about liquidating her investments to buy some of these High Yield Investment Schemes, but she sought my advise. That was her saving grace, she would have lost what she had been building for the past 25 years.

It took me almost 2 years before I could convince her to try the stock market for diversification, she was able to get into the stock market at the right time which was in 2020 and currently enjoying every bit of the game.

I know the numbers of Treasury Bill and FGN bonds investors who i have been able to convince to diversify into the stock market.

[quote author=yMcy56 post=123988603]I don't know what's wrong with these so called ogas self!!

Had to tell one that I'll leave NSEMPA for them if that's what they wanted because they're the so called founders.....on the other hand, I just said to myself, they'll not be the reason for my leaving here.

At least I left their forum for them the same day I appeared there cos of the setup there and the accusations levied against my innocent self, even when they don't even know me at all.
Thank God for one or two people there who knew I can never do that. They even said I'm iya-tola or iyalaje or whatever.

The fact that I'm helpful here is a pain to them.

For your info and for the umpteenth time, I dont monkey hunt!!!
I have one or two people who could attest to this and who have seen my portfolio before.


Hey mama .we enjoy what you are doing and knowing you have good intentions. Don't let anyone get to you!!

Frangel:
It would be better not recommend UnityBank that is terminally sick. A bank with over N200billion negative shareholders fund when CBN regulations say minimum of N25billion capital should not be recommended, except you caution it's a gamble. It should not be all about you making the money.

He will sell to individuals that might buy your projected N1.80.

Zero sum game.

What of if there is merger or buy out?
Will it be sold at same 50kobo?

Why has NSE or Central bank not sanction them if the 200B negative shareholders fund is a problem?

What of those companies that has Billions and refused to pay dividend if the negative of unity is the headache?

So people should stop trading on unity bank right?

This is selfishness bro.

If you started from Treasury Bill or FGN bonds investment before trying the stock market, please identify yourself.

Such people tend to be better investors, they learn the trick faster, they understand the importance of investment income in compounding the portfolio and have better risk management.


My opinion though

emmanuelewumi:
I remember doing something like this on the Treasury Bill thread about 5 years ago.


A typical Treasury Bill investor does not like risk, they love predictability.

Some of them have been investing in Treasury Bill and FGN bonds for over 20 years. It is also good to invest in what you unɗerstand.

Unfortunately marketers of High Yield Investment Schemes and Digital Agricultural Investments started invading the thread offering unbelievable return on investment.

A woman in her late 50s with about N200 million worth of investments in Treasury Bills and FGN bonds was about liquidating her investments to buy some of these High Yield Investment Schemes, but she sought my advise. That was her saving grace, she would have lost what she had been building for the past 25 years.

It took me almost 2 years before I could convince her to try the stock market for diversification, she was able to get into the stock market at the right time which was in 2020 and currently enjoying every bit of the game.

I know the numbers of Treasury Bill and FGN bonds investors who i have been to convince to diversify into the stock market.

Oga Emma, I commend you for this wonderful achievement! However, do you know why God used you to save the woman?
-She simply ASKED QUESTIONS, by seeking advise in an unfamiliar terrain. IF she had secretly diverted her life savings into the investment she had zero knowledge, who will carry the blame?

That's why it is very important for everyone to seek knowledge if you want to make money.
If something is not clear, let's encourage people to speak out!

I agree with you on this. I personally have two sets of portfolios tailored towards FA - or TA - influenced investment decisions. Sometimes I briefly I mix FA and TA. But ultimately, I would not buy into a company that is not sound or showing good signs of recovery. So many options to choose from on NGX. And I have no stock I cannot sell.

BullBearMkt:

The beautiful things the stock market brings to well-informed are: VALUE or GROWTH or BOTH.
-FA alone can give you value
-TA alone can give you growth
-Combination of FA & TA gives both.

It's until we understand the role each play that's when we'll appreciate each other.

locodemy:


What of if there is merger or buy out?
Will it be sold at same 50kobo?

Why has NSE or Central bank not sanction them if the 200B negative shareholders fund is a problem?

What of those companies that has Billions and refused to pay dividend if the negative of unity is the headache?

So people should stop trading on unity bank right?

This is selfishness bro.

Ask Skye bank and Afribank shareholders what happened to them, when the bank because Polaris Bank.

Ask shareholders of Intercontinental Bank or Oceanic bank what happened to their investments when Access took over Intercontinental or Ecobank took over Oceanic.


A bank with a negative shareholders fund of N250 billion is bringing nothing but garbages and toxic asset to the table

emmanuelewumi:



Ask Skye bank and Afribank shareholders what happened to them, when the bank because Polaris Bank.

Ask shareholders of Intercontinental Bank or Oceanic bank what happened to their investments when Access took over Intercontinental or Ecobank took over Oceanic.


A bank with a negative shareholders fund of N250 billion is bringing nothing but garbages and toxic asset to the table

Oga abeg joor let me hear word

Skye bank was in a better shape compared to Unity Bank.

Yet Skye bank was nailed but Unity Bank was allowed to escape the hammer.

I am not sure if the Northern State governments who are major shareholders of the bank have the resources to inject more capital into the bank

Hope you know Unity Bank, used to be known as the Bank of the North.

Going forward, i am not sure if Unity Bank will enjoy some of the undeserved advantages it enjoyed in the past

BullBearMkt:

Oga Emma, I commend you for this wonderful achievement! However, do you know why God used you to save the woman?
-She simply ASKED QUESTIONS, by seeking advise in an unfamiliar terrain. IF she had secretly diverted her life savings into the investment she had zero knowledge, who will carry the blame?

That's why it is very important for everyone to seek knowledge if you want to make money.
If something is not clear, let's encourage people to speak out!

How many people want to hear the bitter truth.

If you tell the bitter truth, you will be described as a kill joy.


Some people asked questions because they want you to tell them what they love to hear

emmanuelewumi:
Skye bank was in a better shape compared to Unity Bank.

Yet Skye bank was nailed but Unity Bank was allowed to escape the hammer.

I am not sure if the Northern State governments who are major shareholders of the bank have the resources to inject more capital into the bank

Hope you know Unity Bank, used to be known as the Bank of the North.

Going forward, i am not sure if Unity Bank will enjoy some of the undeserved advantages it enjoyed in the past

...well, I presume the Northern govt would rather sell their stakes in other ventures and put the resources in the bank to remain afloat, than to see it oblivion.
My thought though!

Unity Bank is still existing because of other considerations like politics, etc (possible in naija). It's banking licence should have been withdrawn over a decade ago for not meeting regulatory requirements. It's shares have a negative book value (not upto 1kobo).

You can't compare other (non-regulated) companies to it. Dividend payment is not a yardstick for measuring health of a company. A company can decide not to pay dividend from profits or even decide to pay dividend from retained earnings in the years it operates at a loss.

locodemy:


What of if there is merger or buy out?
Will it be sold at same 50kobo?

Why has NSE or Central bank not sanction them if the 200B negative shareholders fund is a problem?

What of those companies that has Billions and refused to pay dividend if the negative of unity is the headache?

So people should stop trading on unity bank right?

This is selfishness bro.

BullBearMkt:

...well, I presume the Northern govt would rather sell their stakes in other ventures and put the resources in the bank to remain afloat, than to see it oblivion.
My thought though!

It can never happen, they don't have the resources. How much are they contributing to the general purse. The north is the national headquarters of poverty.

With a negative shareholders fund of N250 billion, they will rather allow it die a natural death and then raise capital to establish another bank.

I will write a letter to NSE to create a platform for investors where they can invest and collect dividends and bonuses and also create a platform for traders where they can trade stocks for either loss or gain.

The two sets of people can't work together on the same platform.We can't agree to each other and this will continue.

Traders can trade on moribund stocks on sentiments which is almost 70% of what everyone on NSE rely on but investors can't even try going close to such stocks.

No matter how good zenith, Gtb etc might be I can't go close to them because I don't put my money for more than 6 months in a particular stock.Either I sell at gain or sell at loss and go my way.

Investing in stocks is similar to fixed income investments and trading is collect what you see.

For the fact I have things around me to show the trading is okay for me,I will only advertise only trading in this platform because it is what I know and to do better.

emmanuelewumi:


It can never happen, they don't have the resources. How much are they contributing to the general purse. The north is the national headquarters of poverty.

With a negative shareholders fund of N250 billion, they will rather allow it die a natural death and they raise capital to establish another bank.

There is possibility! If not, I guess Sanusi Lamido should have hammered both Wema & Bank of the North

Frangel:
Unity Bank is still existing because of other considerations like politics, etc (possible in naija). It's banking licence should have been withdrawn over a decade ago for not meeting regulatory requirements. It's shares have a negative book value (not upto 1kobo).

You can't compare other (non-regulated) companies to it. Dividend payment is not a yardstick for measuring health of a company. A company can decide not to pay dividend from profits or even decide to pay dividend from retained earnings in the years it operates at a loss.

I bought unity bank and Nsl same day.I sold both at less than 50% and moved to other stocks.I don't listen to all these FA you people are talking about.I am only to trade and make profit.If unity bank closes tomorrow,it's none of my business.I can only advertise unity bank to traders looking at the technicals or sentiments on the stock.

You people are looking for value and what can last for 100 years but I can't.Nobody is sure of tomorrow therefore I trade for what I am seeing now.

BullBearMkt:

There is possibility! If not, I guess Sanusi Lamido should have hammered both Wema & Bank of the North
;Dy

10 years after unity Bank is not out of the woods, rather it is going deeper into the woods.

IYGEAL:


I agree with the first part of your post. Most ladies (no diss intended) hardly engage in deep convos, not even the deeper side of the movies they watch, let alone the stock market. It's always hairs, phones, trends, gossips, etc. Kudos to Mercy.

As for the second part, Mercy has always put caveat to most of her posts. Newbies have always been warned on this thread to start their journey with due diligence. Maybe she's being attacked because of Oga Loco who is a self-proclaimed MH.

Oga Osita no be newbie sha

PS. I left Chams yesterday at 57k. Journey started all the way from 21k. I initially offloaded 1/3 at 28k and wanted leaving at 55k but didn't get the chance. I also mentioned it here when I entered this stock. Technically, since it tested 55k, left it and now passed it to 57k, it's OK to assume it will now move above 60k next week. But I'm happy to leave at 57k when the volumes were enough for me. Over 150% ROI is good enough for me.

You're right, bro. What was I thinking? I was probably drunk on cheap tombo bitters at the time, yet again.

emmanuelewumi:
If you started from Treasury Bill or FGN bonds investment before trying the stock market, please identify yourself.

Such people tend to be better investors, they learn the trick faster, they understand the importance of investment income in compounding the portfolio and have better risk management.


My opinion though

We dey here ooo..Na just look we dey look first make e no be like say we dey take sides. A lot of newbies that just entered and have made small gain will not understand the caution till they are left to carry the can. No matter how much gain an insurance stock will give in this Nigeria I will never touch it. Not even Mansard. That's personal for me.

No matter how much caveat you put on noise, some people will want to follow the noise because that's what they see/ hear at the moment. So it is necessary to have dissenting voices to reduce the noise and also make newbies intending to invest ask necessary questions. That's how it should be. It should not be seen as an attack rather it should just be looked at as different shades of opinions, nothing to quarrel about.

Some people I told physically based on Pa Emma's advice not to invest in Digital Agriculture and HYIS then, are presently part of the group visiting 101.1 FM in Abuja seeking assistance on how to get back their capital. (The return of the capital is better than the returns on the investment).

otokx:


What is SA?

Sentimental Analysis.

emmanuelewumi:



But on a serious note why did you buy Afromedia, Omatek, Deap Capital and others. They are not liquid, they are not making profit not paying dividends for about 10 years.

I guess you bought them based on sentimental analysis


Monkey hunting thrives in a bull market, it is an opportunity for people trapped in dead stocks for ages to cash out and sell to uninformed newbies

Sentimental Analysis isn't synonymous with penny stocks or dead non performing stocks.
It is all about the buying a stock based on momentary positive disposition of the market to that stock for the short time it would last. Sometimes sentimental analysis could point at even fundamentally sound stocks. For example during Covid-19 scourge when Zenith fell to as low as N10 or so, SA would recommend. Also, SA would recommend Transcorp when news of Otedola's recent trading filtered in even though that did not cause any positive change in Transcorp's fundamentals.
SA radar picked and recommended RT Briscoe here last year due to the fact that after being dead for long, it became quite liquid amidst what seemed like good figures, and it ended up delivering a profit of 400% as it galloped from 20 Kobo to N1.09 in 20 trading days and has remained quite liquid ever since then.
Japaul has for long been fundamentally dead but for the fact that it strangely remains very liquid, it satisfies the most important criteria for SA picks. We recall how it did 300% from 40 kobo to N1.67 early last year on news of switching from oil to gold.
For stocks like Afromedia, Omatek, Deap Capital, DAAR Communication, etc, no Sentimental Analyst would recommend them as they are bugged down by illiquidity thus failing the most important requirement of SA recommendation. In summary successful JIJO approach to trading is primarily based on SA.

Something they did not do to meet N25billion capitalisation that year? Anyways, they can if they want to.

But would it be wise putting about N300b into UnityBank to bring it out of the woods or use that amount and take over a relatively sound existing bank, start up a new one or support Jaiz? Up to them sha.

BullBearMkt:

...well, I presume the Northern govt would rather sell their stakes in other ventures and put the resources in the bank to remain afloat, than to see it oblivion.
My thought though!

Just to understand the mis-understanding going on since yesterday.

Does it mean people should not post what they think is an opportunity again?

All stock posts must be fundamentally sound?

I still don't understand

emmanuelewumi:
If you started from Treasury Bill or FGN bonds investment before trying the stock market, please identify yourself.

Such people tend to be better investors, they learn the trick faster, they understand the importance of investment income in compounding the portfolio and have better risk management.


My opinion though

ositadima1:

I sabi you Wella from Treasury Bill thread

BullBearMkt:
Just to understand the mis-understanding going on since yesterday.

Does it mean people should not post what they think is an opportunity again?

All stock posts must be fundamentally sound?

I still don't understand

This is a platform to share opportunities, knowledge and information.

Good to back up opportunities shared with fundamental or technical analysis.

If the opportunities are not supported by either fundamental or charts, let people know that it is a sentimental based recommendation.

But a situation whereby the monkey hunter is just trying to cash out by making such recommendations is not fair enough.

A typical monkey hunter won't tell his or her followers when he or she would sell.

The beauty of this thread someday is that if you are on BP drugs it may reduce your intake somedays,lol
That said,everyone knows I was an advocate of the market going South (tanking) because of naija internal problem which boarded on large scale corruption. And when this government which I never supported made the right call for the two biggest corruption in the country. I weighed it and said for now the market will move north. I saw it as a catalyst that will bring back FPI at the long run.And even went ahead to say I am moving back the fund I got from selling my Dan cement and zenith back to market. My investment in nse is base on FA and what is happening on the street (politics, economy, security etc)
I only noticed a trend in the insurance sector which was pulling some other dead companies from other sectors and decided to make my post. I saw a stone directed to my likes as old school and our experience in the past should not hold water and I jumped and pass
I now commented on a post which Emma made because I don't see unity bank as a bank.The only reason it is still standing is the Northern thing to preserve a legacy. I decided to add Mr and Mrs in another comment so that more stone can come,lol.And behold the stone landed with fire burning from it.
I am street credible so most times I no send what you post on faceless forum.Infact this is the only social media I even engage in.I don't even have Facebook, Instagram etc accounts.If you meet me for street with my likes and yarn rubbish without reaction. That means you follow hold street that is the way it works.
I no come for here to fight anymore or to dey speak French. I am here to make money via right investment. And to make my opinion known if I see some people trying to make others fall mugu
Note .I made call on hero,oando in the past because ib products are doing well on the street but it books are showing opposite. Oando because of the name attached to townhall.My largest hold now in nse is sugar,ubcap, wapco and hero.I still have uba,Access,fidelity, okomu,presco fbn Most of my stock are doing 70%-200% as a result of averaging down.Most insurance companies na scam they exist only on paper. Try look out for thr offices you go believe or reach out via mails,call etc

BullBearMkt:
Just to understand the mis-understanding going on since yesterday.

Does it mean people should not post what they think is an opportunity again?

All stock posts must be fundamentally sound?

I still don't understand

Even fundamentally sound stocks could have their prices pulled down so badly and for very long by certain market sentiments such that the loss might send holders of such stocks back to the village.

Hhmmm. E Ku discussion o.

@ Loco, I must commend you for not allowing anyone to intimidate you to the extent of leaving this time around.

I thank all who spoke and shed more light on the issue on ground. You've all did well.

Oga BBM, you did well and also raised vital points which none of the opposition party addressed.
While these stocks were been mentioned, why did they not come out and be hammering on the need to stay away from Kobo stocks? Definitely a "Pull-down-Syndrome" mentality at play here!
"Let's watch them make mistakes so we can laugh them and tell them 'We told you so'"

@deadlytruth, though myself and you are north and south in this forum, but I must say, you completely nailed the issue on the head, provided much indepth understanding on the Sentimental Analysis and indeed said it as it is! Thanks and kudos!!

So now, is Unity Bank the major bone of contention or Kobo stocks or insurance stocks?
Let's know pls.

I for one will try as much as possible to keep movement of such away from live updates if it will make you have peace of mind!! This is not the first, 2nd or 3rd time it's generating lots of heat here. Once Kobo stocks is mentioned, some people get aggro.
Hope this will solve part of the issue....

Let me also state here that, example of High Yield Investment mentioned by Pa Emma has no correlation with NSE at all.

We all know High Yield is scam while NSE is not.
Many have been discouraged against this here as well. We don't encourage High Yields but in NGX, the stocks listed there are well regulated by the regulators, necessary requirements met and subject to periodic monitoring too.

In NSE we know bull time used to come with lots of Euphoria and in most cases, many stocks will be moving Northwards.

We should bear in mind too that different news filters in, which may make some particular stocks toast of investors.....just like the case of TRANSCORP sited by deadly truth for instance...

Unsual rushing and movements were sighted in TRANSCORP. We don't know what this was all about, so some of us started mentioning it here that something must be happening which we don't know, lots of huge Cross deals, prices moving and all that....

In this kind of situation, is it a bad thing to call the attention of the house to it? Is it wrong to tell risk takers to buy some in case it's some good news?
Well, it turned out to be good news which many jumped into @1.35/1.50 and made good gains.
Should we say this is one crooks handwork here...to deceive the gullibles and make them to loose money?

After Transcorp, I could remember OGG as well as myself or maybe someone else mentioned UBA. I categorically call people's attention to UBA and told them to buy, that Tony may want to avert what happened in TRANSCORP by buying more stakes in UBA, I researched and saw that Tony had less than 1% in UBA, so I immediately knew UBA might be next "corruption", which turned out to be true!!
What about ACCESS, ARDOVA, GEREGU, MTNN, FIDELITY,and of course, the Kobo stocks, which we always state our reasons for possible picking??

** Let me stop here, cos I can go on and on.
Pls, like Oga BBM said, let's look into his advice and make amends to better the lots of all of us in this forum!
And as for Ade1, you disappointed me with your comment!! You need to tender apology to good and hardworking Nigerians!!

yMcy56:
Hhmmm. E Ku discussion o.

@ Loco, I must commend you for not allowing anyone to intimidate you to the extent of leaving this time around.

I thank all who spoke and shed more light on the issue on ground. You've all did well.

Oga BBM, you did well and also raised vital points which none of the opposition party addressed.
While these stocks were been mentioned, why did they not come out and be hammering on the need to stay away from Kobo stocks? Definitely a "Pull-down-Syndrome" mentality at play here!
"Let's watch them make mistakes so we can laugh them and tell them 'We told you so'"

@deadlytruth, though myself and you are north and south in this forum, but I must say, you completely nailed the issue on the head, provided much indepth understanding on the Sentimental Analysis and indeed said it as it is! Thanks and kudos!!

So now, is Unity Bank the major bone of contention or Kobo stocks or insurance stocks?
Let's know pls.

I for one will try as much as possible to keep movement of such away from live updates if it will make you have peace of mind!! This is not the first, 2nd or 3rd time it's generating lots of heat here. Once Kobo stocks is mentioned, some people get aggro.
Hope this will solve part of the issue....

You can mention other stocks maybe the type that suit them but for me, Kobo stocks have come to stay and will continue in as much as there
is financial improvements and turnaround in the kobo companies.

For leaving this forum, not me again. I will stand to resist them.

I was banned yesterday after the challenges of words, maybe the moderators checked and found me not guilty and restored me back to the forum.

We must stand now to separate investors and traders from having access at same platform.Nobody will agree with each other unless there is a common interest.

Pls let's stay and do our very best here.It is only God who knows us and can reward.
If I am here to deceive anyone including the newbies, it will not be well with me.When I point out a stock, you check it and carry your own assignment on it Before buying.

I am a trader and may not be there when people will start enjoying the stock I pointed.It has happened to me severally.I can't come and say the stock I pointed is bad tomorrow because I sold except the financials which I depend on fails.I put much effort to comment on a stock I have or want to buy than the ones I have sold.When opportunities present itself again on the sold stock,i will come back again and ride on it.

One love @ Mercy and all