₦airaland Forum

Flattino:
These people are ganging up to derail the thread and busy flooding the thread with nonsense pictures. Y’all aren’t saying nothing.
I and many others also know how to download numerous pictures and post here .
Nobody should complain

kolaish:
We know peterichy and his antics. WHO ARE YOU?

Stocking:
Bro abeg ignore them

ndidigood:
My people pls can something good come out of wapco?

Mpeace:
Let's stop talking POLITICS pls pls

edwardaigb:
Madam Mcy, hope you're good, have not seen your post for a while.

Chomzy19:
Are you people for real here

Stock prices were lower than this at various time last year when @Chibuking81 said people should not buy that bonanza is coming.

Zenith was not bonanza at 19.90 but now at 21.30 its bonanza
FCMB was not bonanza at 1.3 now at 1.8 its bonanza
JB at 20.60 was not bonanza and now at 26 its bonanza?
Even GTB was at 30.9 at some point in time

Unless bonanza has a different definition than the lowest possible prices then I don't see it in all these stocks you are now saying are at bonanza levels.

Truth remains that prices were lower than this when you said your bonanza is coming so stop congratulating yourself for nothing and stop allowing those that are hailing you to deceive you.

As a matter of fact you should apologize to those you prevented from buying then.
One thing we should know is that the stock market is an inefficient market, prices will always go high and low, this could be determined by several factors, such as seasonality, political occurrence, good /bad results, acquisitions, or change in management, from my own view I think wat is important is proper valuation of any stock, cos one cannot actually time the market, as long as you pick quality stocks when they become cheap, one will still make good money in the long run. For instance what has actually changed in the fundamentals of Access bank that won't make one start picking up units gradually from 5.20-5.30.for a stock that traded close to 13 some months ago.

stcool:
Chibuking dey deceive una dey buy when we dey take profit from last year buying....

If you are buying for capital appreciation sorry, 2019 would be worst performing year for NSE wait make Buhari win.

Prices will get lower!

Chibuking81:
I have seen that this thread is turning to something else, maybe I will leave this page till after election. The comments am seen this days are always insultive, and never of benefit to me. How can I deceive a grown up men/women. Or have I ask anyone here to pay me from his/her gain for my information.
Though since most post from impostors are inconsequential to my investment, let me give small chance.

stcool:
If you like stay and if you like leave... I am telling you from reliable source that don't tell people to buy now that its a bargain and prices will go up.

It won't happen, worst is if Buhari wins!

Note: I bought Zenith at 19 last year and have bailed out and you are telling people to buy at 21/22 that it is a bargain...

Buy for dividend YES, but capital appreciation NO.

ndidigood:
My people pls can something good come out of wapco?

kolaish:
There are basic points derivable from what you have all postulated about the stock market. But, my point is that we should be mindful that the earnings period for most stock is around the corner, that is why prices are not falling lower than chibuking81's expectation. But then, I forsee those foreign investors who are yet to bail out, using the opportunity to exit the stock market ahead of the election.

Therefore, I still forsee prices getting lower for most stocks, not now, but majorly in february. Surely, their will be huge capital appreciation months after the election.

kolaish:
Depending on which side of the divide you are coming from. Those that bought when it was around N42 will not find it funny and will give you a negative answer. But for those that are entering now around N12.50, I don't think they have anything to loose rather than simply wait and watch as the drama unfold regarding the rights issue and Q4, which for me is a win-win situation.

Above is my opinion please. I bought WAPCO from 13.05 down to 11.90, so now, my average purchase price is 12.41. Therefore, DD applies please.

cc. @arduino; my jolly good friend and business partner in WAPCO

Valueinvestor:
Can we imagine a stock like zenithbank bank, with a ROE of 25%, P/E of 3.75 selling close to 20 and people still expect it to go lower before they start buying,haba even if they pay just last year's final dividend, that's a dividend yield of around 12.2%,.

kolaish:
There are basic points derivable from what you have all postulated about the stock market. But, my point is that we should be mindful that the earnings period for most stock is around the corner, that is why prices are not falling lower than chibuking81's expectation. But then, I forsee those foreign investors who are yet to bail out, using the opportunity to exit the stock market ahead of the election.

Therefore, I still forsee prices getting lower for most stocks, not now, but majorly in february. Surely, their will be huge capital appreciation months after the election.

tritritri:
Barely 1mth to election how low can d market go again ?

yom2:
which significant foreign investor still one bail out again? I thought we all agreed that naira was under pressure in d last quarter of last year because they were exiting.

babaijesha:
Bros.... Na Naija we dey...
Anything is possible ....
Just one bad news will bring it down..

babaijesha:
Bros.... Na Naija we dey... Anything is possible .... Just one bad news will bring it down..

yom2:
which significant foreign investor still one bail out again? I thought we all agreed that naira was under pressure in d last quarter of last year because they were exiting.

Agbalowomeri:
We should just be prepared for a long dull market this year