phadriz:


All things being equal, the stock should be trading below N1 because it is the only banking stock that recorded loss in 2023 Q3 despite the naira revaluation.

megawealth01:


Have you sold?

BabsO2:


I don't see any market correction in the horizon as long as the oil price stays strong above $70.

Stocks like UBA, many banks and a couple of other stocks have not reached fair prices. But a few stocks are trading in a PE bubble and may correct as investors and traders do their thing. The devaluation this year has propped up the valuation of many banks and reset share prices up in devalued Naira with not much to correct. However, for banks one needs to look out for potential rise in impairment charges that could lead to valuation losses and potential share price drops if it happens severely.

megawealth01:


Have you sold?

Mpeace:
Ucap is really doing well todaybut not enough units to appreciate officially.

stcool:


Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

KayOn1:
Essentialone where art thou? RTBriscoe is rallying without fundamentals.

KayOn1:


Wait till market correction shows. How do you justify Neimeth doing over 30% within a week with ... if not TA.
Reason I can't thank BullBearMkt enough to opening my eyes to what was missing component in my trade setup.

ositadima1:


We must also consider the impact of rampant inflation and currency depreciation.

Earlier this year, a bottle of plastic coke cost around 100 to 150, but now it's 250. Similarly, a bottle of Hero that used to cost 250 to 300 is now 500. Given these substantial increases in everyday goods, why shouldn't stocks also reprice?

While dividends may increase, the overall purchasing power of those dividends will be diminished. A phone that cost 115,000 early last year is now selling for 220,000 to 250,000. Yet, there's an expectation for stocks to remain or go back at their levels from five years ago.

Some predict a bear market, but only time will tell.

stcool:


Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

essentialone:
Meanwhile, there are renewed interests in NB and Ecobank.

Won't be surprised to see a Bull Kiss on them soon...

stcool:


Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

stcool:


Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

Locotrader:
Mega pls who is defebe?

Both of you loaded unity today after one week of gaining 10 10%?

essentialone:
I received a pay off from Union Bank yesterday afternoon.I nearly shed tears of sadness ,I obtained a loan of five hundred thousand naira in 2005 as a civil servant, invested same on Union Bank shares, with no appreciable dividends declared since then,I was paid fifty thousand naira yesterday for five hundred thousand naira investment in 2005, this is sad and unfortunate.
A discouragement on investing in shares which I believe now should be for those who wish to trade in shares and not for civil servants who are thinking of life after retirement.
Most of our investment on shares between 2003 and 2008 were wasted by Some Directors of the quoted companies

essentialone:
I received a pay off from Union Bank yesterday afternoon.I nearly shed tears of sadness ,I obtained a loan of five hundred thousand naira in 2005 as a civil servant, invested same on Union Bank shares, with no appreciable dividends declared since then,I was paid fifty thousand naira yesterday for five hundred thousand naira investment in 2005, this is sad and unfortunate.
A discouragement on investing in shares which I believe now should be for those who wish to trade in shares and not for civil servants who are thinking of life after retirement.
Most of our investment on shares between 2003 and 2008 were wasted by Some Directors of the quoted companies

essentialone:
I received a pay off from Union Bank yesterday afternoon.I nearly shed tears of sadness ,I obtained a loan of five hundred thousand naira in 2005 as a civil servant, invested same on Union Bank shares, with no appreciable dividends declared since then,I was paid fifty thousand naira yesterday for five hundred thousand naira investment in 2005, this is sad and unfortunate.
A discouragement on investing in shares which I believe now should be for those who wish to trade in shares and not for civil servants who are thinking of life after retirement.
Most of our investment on shares between 2003 and 2008 were wasted by Some Directors of the quoted companies

Locotrader:
Mega pls who is defebe?

Both of you loaded unity today after one week of gaining 10 10%?

defebe:


What!!!

Agbalowomeri:


I invested something similar around the same time. I think they gave back to back 1:3 bonuses for three years before that Calabar man misadventures. All in all, it was a good school fees to pay. I never bothered to recover anything that was left there

Locotrader:
Mega pls who is defebe?

Both of you loaded unity today after one week of gaining 10 10%?

Locotrader:


Why the exclamation?!!!!!!
That means you are new in this business Nah.
Do you know I invested in union homes at 8+ in 2008 and also starcomms at 1+,I didn't see kobo to recoup from my 1.2 m naira investment then.
This is one of the reasons I became an emergency Jijoist till date.
Never fall in love with any stock.