DOLLARTEX:
Gtb will be marked down tomorrow for a cash dividend of 2.45,gtb 31.55 wahoo,nice entering point!

We will surely get it at a price a little below its marked down price, it's twin sister honoured us by doing the same.

Buying at good rate

yMcy56:

Na dividend greed carry me go there, I dont know it will still declare bonanza like this.
Sold after markdown and re-enter at 6.20 again.

Do u look at chart at all ?

U need dose of patience .

Deadlytruth:

It seems fundamentals count only when Foreign Investors are heavily present on NSE for a reasonable length of time.

The most important thing is to buy right and hold tight. These FPI can't stay away for too long, except a country's economy is so bad beyond repair in the near term. They are always looking for bargain in emerging markets with stable economy

Valueinvestor:

The most important thing is to buy right and hold tight. These FPI can't stay away for too long, except a country's economy is so bad beyond repair in the near term. They are always looking for bargain in emerging markets with stable economy

What if if they decides not to come back this yr again?

lancee:
Mercy I think what u were referring to looks like KGIF ..by kakawa guaranteed income fund those days

No. Its still ARM mutual fund. With competition now they have no choice than to amend rules. For instance, their minimum amount for MMF before was 50k but it's gone down to 1k now. Just noticed that recently.

tritritri:
Do u look at chart at all ? U need dose of patience .

Overdose my brother.

aremso:
What if if they decides not to come back this yr again?

Lol. They are businessmen now.

Investdata P’Harcourt Chart Summit 2019 Holds Next Week

Attend the Practical Conference on Technical Analysis Application on stock market for novices and Advance Traders, where we would take participants through:
• Understanding the momentum behind current equity movements and when to exit using SIMPLE Technical Indicators and Tools to avoid losing capital and profit.
•Understanding the dynamics of Technical Analysis and its application in stock, currency and bond markets.
•Our team of experts and time-tested resource persons will show you how you too can successfully and confidently trade and invest in stocks profitably on your own, from your phone, laptop and/or Personal Computer.
•Know what Smart Money is doing
•Know what they are buying or selling, and
•How you can buy what they are buying.

The workshop is scheduled as follows:
DATE:April 13. 2019
TIME: 10am – 4.00pm
VENUE:Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State.

This Summit is designed specifically for those who:
•Jump off profit position out of fear
•Suffer indecision in pulling the trigger for fear of sustaining a loss
•Holding on to losing positionsfor fear of realizing a potential loss
•Trading often leads into unplanned trades for fear leaving money on the table
•Do small trade size or invest small amounts because you’ve just suffered huge loss, or
•Plan to increase your position size to make up for past losses
This practical workshop is for novice traders, investors, professionals and fund managers who want to overcome fear and improve their trading performance. The workshop is basically on practical charting on evidence-based techniques that is working in today market, just as the power of focused trading and investing strategies to help participants build mental skills and turn fear into profits, besides protecting capital.

Registration is ongoing
https://investdata.com.ng/2019/04/investdata-pharcourt-chart-summit-2019-holds-next-week/

Krisuba:
What I was running from when I sold fidelity , still in d same fate. No growth . just bull n bear. Rain n sun all of them beat me.

Lol @ rain & sun beating.
It is well. Na to just siddon jejely dey look inside any bus one finds himself now.

aremso:


What if if they decides not to come back this yr again?

They will experience a catastrophic losses if they do not come back.
The universal law of money must be obeyjed.
MONEY can never be arrested, it must change hands from one economy to another, from one nation to another.. This is one of the reasons, the United States is a prosperous nation.
This is what the Chinese and Indians are doing. The money must find a new home for prosperity to be defined. The American dollars transformed the economies of Saudi Arabia, China, UK, Japan, South Africa (before the black destroyed it)
There is hope in Nigeria, they are waiting for the Naira to weaken, This they have communicated individually and in directly through World bank and IMF.
Take for instance, the Johannesburg stocks exchange has picked up, the moment the country reserve Bank agreed indirectly to devalue the rand by subjecting it to market forces.
I. E the international prices of Gold and crude oil.
Once the price of crude oil is high the rand looses its strength and once the prices of gold and platinum rises above that of crude oil, the rand regains its strength.
This could not be done in Nigeria. Bubu is anti currency devaluation, he is also against the deregulation s of PMS. In South Africa, once crude oil rises the pump price also rises and vice-versa.
The two major things that are holding back Nigeria economy are.... Fixed price of PMS at the downstream sector regardless of international price of crude coupled with mass importation of the product,
The 2nd thing is the exchange rate.
And one may also add the high cost of Power generation for domestic ind consumptions.
The economy is contracting daily and sometimes stagnant.
In a way, we may say that Bubu is trying to protect the masses while indirectly damaging their present and future. Coz the government could not free up money for quality health care delivery which in turn gave birth to medical tourism.
The companies could not expands which equally built up more unemployed youths.
The government also failed to provide basics and social amenities and services.
Many states could also not paid public servant s salaries.
This is the curse of bubu but alas, he might just open up the Economy by devaluing the Naira, then Nigeria stocks exchange will return investors money at geometrical rate.
Then the story of 2016/17 will repeat itself. From world worst to world best.

Godlylifeoneart:


They will experience a catastrophic losses if they do not come back.
The universal law of money must be obeyjed.
MONEY can never be arrested, it must change hands from one economy to another, from one nation to another.. This is one of the reasons, the United States is a prosperous nation.
This is what the Chinese and Indians are doing. The money must find a new home for prosperity to be defined. The American dollars transformed the economies of Saudi Arabia, China, UK, Japan, South Africa (before the black destroyed it)
There is hope in Nigeria, they are waiting for the Naira to weaken, This they have communicated individually and in directly through World bank and IMF.
Take for instance, the Johannesburg stocks exchange has picked up, the moment the country reserve Bank agreed indirectly to devalue the rand by subjecting it to market forces.
I. E the international prices of Gold and crude oil.
Once the price of crude oil is high the rand looses its strength and once the prices of gold and platinum rises above that of crude oil, the rand regains its strength.
This could not be done in Nigeria. Bubu is anti currency devaluation, he is also against the deregulation s of PMS. In South Africa, once crude oil rises the pump price also rises and vice-versa.
The two major things that are holding back Nigeria economy are.... Fixed price of PMS at the downstream sector regardless of international price of crude coupled with mass importation of the product,
The 2nd thing is the exchange rate.
And one may also add the high cost of Power generation for domestic ind consumptions.
The economy is contracting daily and sometimes stagnant.
In a way, we may say that Bubu is trying to protect the masses while indirectly damaging their present and future. Coz the government could not free up money for quality health care delivery which in turn gave birth to medical tourism.
The companies could not expands which equally built up more unemployed youths.
The government also failed to provide basics and social amenities and services.
Many states could also not paid public servant s salaries.
This is the curse of bubu but alas, he might just open up the Economy by devaluing the Naira, then Nigeria stocks exchange will return investors money at geometrical rate.
Then the story of 2016/17 will repeat itself. From world worst to world best.

am on the fence watching as all of u ogas dey forecast oo

Valueinvestor:

The most important thing is to buy right and hold tight. These FPI can't stay away for too long, except a country's economy is so bad beyond repair in the near term. They are always looking for bargain in emerging markets with stable economy

But they seem to have stayed away for too long already since the time they began to exit early last year. In addition, there is no palpable indication that they are on their way back as of now.
Or do you have any evidence that they are?

yMcy56:

No. Its still ARM mutual fund. With competition now they have no choice than to amend rules. For instance, their minimum amount for MMF before was 50k but it's gone down to 1k now. Just noticed that recently.

ok got u

Godlylifeoneart:


They will experience a catastrophic losses if they do not come back.
The universal law of money must be obeyjed.
MONEY can never be arrested, it must change hands from one economy to another, from one nation to another.. This is one of the reasons, the United States is a prosperous nation.
This is what the Chinese and Indians are doing. The money must find a new home for prosperity to be defined. The American dollars transformed the economies of Saudi Arabia, China, UK, Japan, South Africa (before the black destroyed it)
There is hope in Nigeria, they are waiting for the Naira to weaken, This they have communicated individually and in directly through World bank and IMF.
Take for instance, the Johannesburg stocks exchange has picked up, the moment the country reserve Bank agreed indirectly to devalue the rand by subjecting it to market forces.
I. E the international prices of Gold and crude oil.
Once the price of crude oil is high the rand looses its strength and once the prices of gold and platinum rises above that of crude oil, the rand regains its strength.
This could not be done in Nigeria. Bubu is anti currency devaluation, he is also against the deregulation s of PMS. In South Africa, once crude oil rises the pump price also rises and vice-versa.
The two major things that are holding back Nigeria economy are.... Fixed price of PMS at the downstream sector regardless of international price of crude coupled with mass importation of the product,
The 2nd thing is the exchange rate.
And one may also add the high cost of Power generation for domestic ind consumptions.
The economy is contracting daily and sometimes stagnant.
In a way, we may say that Bubu is trying to protect the masses while indirectly damaging their present and future. Coz the government could not free up money for quality health care delivery which in turn gave birth to medical tourism.
The companies could not expands which equally built up more unemployed youths.
The government also failed to provide basics and social amenities and services.
Many states could also not paid public servant s salaries.
This is the curse of bubu but alas, he might just open up the Economy by devaluing the Naira, then Nigeria stocks exchange will return investors money at geometrical rate.
Then the story of 2016/17 will repeat itself. From world worst to world best.

Good write-up no doubt, but do you actually think the president know what to do to energize the economy than "I will fight corruption". At least the election is over now, so nobody can brand me as an enemy/friend of either APC/PDP. IMO, the government is bereft of ideas that will stimulate the economy and the foreign investors know this. That is why they may stay longer than we expect them to come into the economy with their hot money, (according to OGG).

I am not praying for this, but it seems we are in for a long thing in the NSE and I am just waiting for some of my stock to do small rally so that I can eventually bail out and sit on the fence waiting as drama will be unfolding itself. The prices we are seeing now has the probability of going down more, it is only Q1 result that is just like a catalyst before the downfall will begin.

Just my opinion please.

ACAN:
Investdata P’Harcourt Chart Summit 2019 Holds Next Week

Attend the Practical Conference on Technical Analysis Application on stock market for novices and Advance Traders, where we would take participants through:
• Understanding the momentum behind current equity movements and when to exit using SIMPLE Technical Indicators and Tools to avoid losing capital and profit.
•Understanding the dynamics of Technical Analysis and its application in stock, currency and bond markets.
•Our team of experts and time-tested resource persons will show you how you too can successfully and confidently trade and invest in stocks profitably on your own, from your phone, laptop and/or Personal Computer.
•Know what Smart Money is doing
•Know what they are buying or selling, and
•How you can buy what they are buying.

The workshop is scheduled as follows:
DATE:April 13. 2019
TIME: 10am – 4.00pm
VENUE:Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State.

This Summit is designed specifically for those who:
•Jump off profit position out of fear
•Suffer indecision in pulling the trigger for fear of sustaining a loss
•Holding on to losing positionsfor fear of realizing a potential loss
•Trading often leads into unplanned trades for fear leaving money on the table
•Do small trade size or invest small amounts because you’ve just suffered huge loss, or
•Plan to increase your position size to make up for past losses
This practical workshop is for novice traders, investors, professionals and fund managers who want to overcome fear and improve their trading performance. The workshop is basically on practical charting on evidence-based techniques that is working in today market, just as the power of focused trading and investing strategies to help participants build mental skills and turn fear into profits, besides protecting capital.

Registration is ongoing
https://investdata.com.ng/2019/04/investdata-pharcourt-chart-summit-2019-holds-next-week/

I always laugh whenever I read about people that claims to use the instrument of trades in Nigeria. The Nigeria companies are wiser than the government and investors. It is indeed a very tough environment to operates. The companies that are surviving the environment have grown thick skins. It is difficult for a company to tell you how much money was spent on bribery to clear imported goods and raw materials from the nation's ports.
Difficult to tell us how much the management misappropriated and lost to corruption and embezzlement
Difficult for a company to tell you how much was spent on bribery to get forex/form M processing.
It is difficult for a company to tell you how much they spent in the black market to get power supply and how much they spent on discos to get power supply.
The implications of this is that it is extremely difficult to get the true cash flows and expenditures, the cooked up figures we are seeing is just for the book, done to fulfill regulatory requirements.
In the real world of investment, Which is independent of bull and bear, your investment should grow, therefore we can say bull and bear are for traders. However, NSE has render both TA and FA impotent. Fundamentally unhealthy companies are returning profits and price appreciations while the best one in TA and FA are daily turning to Red at arithmetic progression.
A news was flying round recently that Forte is going to disposed some assets, some investors thought the money would be declared as a special dividends, the company quickly come out that the money would be used to settle debts..... Case closed... Nothing for the investors.....
Oando sold one of its subsidiaries to helios.. Millions of $. The investors thought something will get to them, The big scammer and his group quickly defused the expectation he announced, the money was for debt servicing and payment. He went further, in few years time, oando would start paying dividends... Few weeks later, he said that the company need to borrow more money to finance its growth. What an oxymoron? Only in Nigeria can someone get away with this indescribable financial scam. Not a new thing, akingbola got away, Ayeni got away, dozie 's son got away, the ibrus got away, utomi got away.bisi Onasanya also got away. Here we are calculating FA and TA with cooked up figures.
The only valid input in analysis of Nigerian companies is outstanding company shares.
The rest are imaginary.
One should not quick to forget the atrocities of KPMG... They are no 1 in the world when it comes to hiding corporate corruption. They did it in South Africa the day this company bubble will burst in Nigeria, it will collapse many giants... Nevertheless, we are used to it.



How on earth is FA going to guarantee you a return?
Take a case of Zenith bank that made about N8. 00 per unit of investor share, the company gave out 2.80 as dividends, some investors demanded for more, the company quickly told them that the investors are greedy and they have paid the best dividend in the banking industry for 2018 the year many of them described as the most turbulent in the history of Nigeria economy.
The question now, who has FA and TA help in this perennial heamorrhaging economy?

kolaish:
Good write-up no doubt, but do you actually think the president know what to do to energize the economy than "I will fight corruption". At least the election is over now, so nobody can brand me as an enemy/friend of either APC/PDP. IMO, the government is bereft of ideas that will stimulate the economy and the foreign investors know this. That is why they may stay longer than we expect them to come into the economy with their hot money, (according to OGG).

I am not praying for this, but it seems we are in for a long thing in the NSE and I am just waiting for some of my stock to do small rally so that I can eventually bail out and sit on the fence waiting as drama will be unfolding itself. The prices we are seeing now has the probability of going down more, it is only Q1 result that is just like a catalyst before the downfall will begin.

Just my opinion please.

Yes... We are in for a long heamorrhaging, fluctuating activities on the Nigeria bourse.
However, the light will surely comes at the end of a tunnel.
In as much, the Nation is not at war, there is hope for the people that can hold their portfolio in fundamentally sound companies.
The saturation kinetic of money will catch up with the emerging economy and the hot money will find its way to Nigeria, the selling point of Nigeria economy might end up being the young population. Investors must serve this young population. As for Buhari he dictates what he want... In 4 yrs no new oil block, all in the name of fighting corruption
Bubu was so meant, he stiffened the banking industry of government money by aggressive implementation of TSA.
He is unconcerned, provided, the foreign reserve is growing reasonably and the naira remains at sub 360/$
and PMS remains at sub 150/lit.
To bubu, this is more than an achievement.
In my view, Nigeria must be ready to embrace more shocking news from bubu.
The Chinese and the Indian investors we all detests are the most likely people that will eventually buy most of the healthy companies in Nigeria.,
Since the American refuse to come, rather they are leaving, Coz they seem to know the future more than the people and government of Nigeria due to their faith in Research and development.
You can count how many America companies that have left Nigeria.. I know of
Pfizer
Conoco Philip
HSBC
UBS
JUST TO MENTION A FEW.
The outlook of bubu 2nd tenure is bleak in economy term.
Noone prayed for a sudden drop in international price of crude oil, the effect would not change anything. Nigerians have seen the worst during the Abacha Era, we can't give up now that a herds man is driving us to an unknown destination. We are on board with the FGN, let them continue, we will survive with determination perseverance, steadfastness and resilient. No shaking... The chinkos are coming with petro dollars... Sowwy chinkodolla. The only language the Nigerian economy understands.
Finally.... Accumulate, Accumulate, accumulate more units of well capitalised companies. If you can borrow to accumulate more, I advise you to do so. The gain is coming soon. Indo/chinkodolla is on the way.

Godlylifeoneart:


They will experience a catastrophic losses if they do not come back.
The universal law of money must be obeyjed.
MONEY can never be arrested, it must change hands from one economy to another, from one nation to another.. This is one of the reasons, the United States is a prosperous nation.
This is what the Chinese and Indians are doing. The money must find a new home for prosperity to be defined. The American dollars transformed the economies of Saudi Arabia, China, UK, Japan, South Africa (before the black destroyed it)
There is hope in Nigeria, they are waiting for the Naira to weaken, This they have communicated individually and in directly through World bank and IMF.
Take for instance, the Johannesburg stocks exchange has picked up, the moment the country reserve Bank agreed indirectly to devalue the rand by subjecting it to market forces.
I. E the international prices of Gold and crude oil.
Once the price of crude oil is high the rand looses its strength and once the prices of gold and platinum rises above that of crude oil, the rand regains its strength.
This could not be done in Nigeria. Bubu is anti currency devaluation, he is also against the deregulation s of PMS. In South Africa, once crude oil rises the pump price also rises and vice-versa.
The two major things that are holding back Nigeria economy are.... Fixed price of PMS at the downstream sector regardless of international price of crude coupled with mass importation of the product,
The 2nd thing is the exchange rate.
And one may also add the high cost of Power generation for domestic ind consumptions.
The economy is contracting daily and sometimes stagnant.
In a way, we may say that Bubu is trying to protect the masses while indirectly damaging their present and future. Coz the government could not free up money for quality health care delivery which in turn gave birth to medical tourism.
The companies could not expands which equally built up more unemployed youths.
The government also failed to provide basics and social amenities and services.
Many states could also not paid public servant s salaries.
This is the curse of bubu but alas, he might just open up the Economy by devaluing the Naira, then Nigeria stocks exchange will return investors money at geometrical rate.
Then the story of 2016/17 will repeat itself. From world worst to world best.

why u dey give ur people stone like that, funny. if I may ask how did they destroy it? lol. no let them sue u for racecourse o. u know their antics

Coming from World Bank today

https://punchng.com/nigerias-economy-slipping-says-world-bank/

I totally agree with you about fixated/stipulated figures in the NSE, lots of companies get away with it and as you rightly pointed out almost every relevant company listed on it have cooked up numbers with insider trading that goes on daily.

but I have some reservations as enumerated below

1. Bull and bear is not just for traders, it is inherent in economy stratosphere as the principles of economics also applies to the market, using demand and supply in bull market we have more demand and greed driving the market up to higher prices, while in the bear market we have supply driving the market to lower prices. The same principle is applied to any value of the exchange medium.

2. FA and TA work not because the fixated figures are ignored but human psychology remains the same, the market is moved by emotions, greed and fear, euphoria and despair. Every market has a cycle doesn't matter if figures are touched or not, and TA and FA are combinations of past experience used to explain future events.

3. In the market there are three classes of traders, we have the Institutional traders, the professional traders, and the retail traders, the institutional traders play with major funds and usually in the know of underlying important news before the retail and professional traders, they are in the game because of this advantage and the understand the power of numbers . That is why they manipulate the emotions of retail traders because they are easier to manipulate and give market momentum. Most retail traders are individuals who trade with lesser money, but due to the numbers of retail traders to institutional traders and professional traders, the market manipulates the retail traders. That is why news like a dividend happening is quickly spreading after the effect has taken a toll on retail traders who due to greed take positions and wait for the price to rise only to be told the event won't happen. it's manipulation and it happens in all market.

4. A good TA or FA is not just drawing lines and or adding figures, sometimes intuition is the best TA and FA, just simply looking at the market without emotions. Now the market is trending downwards, right? The general economy is not looking so good either, FDI/FPI is ridiculously down, the rate of unemployment high, Income low, etc, keep it very simple. so when you see a price rise from nowhere just be a little patient before going in , FOMO in a bear market is the easiest way to lose your capital.

In summary
TA and FA work even with all the manipulation because prices are determined with emotions and retail traders are the emotional drivers of the market.



From
Ekene Obi
GuruCapital Ltd

Godlylifeoneart:


I always laugh whenever I read about people that claims to use the instrument of trades in Nigeria. The Nigeria companies are wiser than the government and investors. It is indeed a very tough environment to operates. The companies that are surviving the environment have grown thick skins. It is difficult for a company to tell you how much money was spent on bribery to clear imported goods and raw materials from the nation's ports.
Difficult to tell us how much the management misappropriated and lost to corruption and embezzlement
Difficult for a company to tell you how much was spent on bribery to get forex/form M processing.
It is difficult for a company to tell you how much they spent in the black market to get power supply and how much they spent on discos to get power supply.
The implications of this is that it is extremely difficult to get the true cash flows and expenditures, the cooked up figures we are seeing is just for the book, done to fulfill regulatory requirements.
In the real world of investment, Which is independent of bull and bear, your investment should grow, therefore we can say bull and bear are for traders. However, NSE has render both TA and FA impotent. Fundamentally unhealthy companies are returning profits and price appreciations while the best one in TA and FA are daily turning to Red at arithmetic progression.
A news was flying round recently that Forte is going to disposed some assets, some investors thought the money would be declared as a special dividends, the company quickly come out that the money would be used to settle debts..... Case closed... Nothing for the investors.....
Oando sold one of its subsidiaries to helios.. Millions of $. The investors thought something will get to them, The big scammer and his group quickly defused the expectation he announced, the money was for debt servicing and payment. He went further, in few years time, oando would start paying dividends... Few weeks later, he said that the company need to borrow more money to finance its growth. What an oxymoron? Only in Nigeria can someone get away with this indescribable financial scam. Not a new thing, akingbola got away, Ayeni got away, dozie 's son got away, the ibrus got away, utomi got away.bisi Onasanya also got away. Here we are calculating FA and TA with cooked up figures.
The only valid input in analysis of Nigerian companies is outstanding company shares.
The rest are imaginary.
One should not quick to forget the atrocities of KPMG... They are no 1 in the world when it comes to hiding corporate corruption. They did it in South Africa the day this company bubble will burst in Nigeria, it will collapse many giants... Nevertheless, we are used to it.



How on earth is FA going to guarantee you a return?
Take a case of Zenith bank that made about N8. 00 per unit of investor share, the company gave out 2.80 as dividends, some investors demanded for more, the company quickly told them that the investors are greedy and they have paid the best dividend in the banking industry for 2018 the year many of them described as the most turbulent in the history of Nigeria economy.
The question now, who has FA and TA help in this perennial heamorrhaging economy?

yMcy56:


Okay. Seems you dont understand me or maybe the rule has changed due to competition.
I'm talking about a newly registered client. Yes you can withdraw your money anytime but you know interests are on daily basis but its not yet yours completely until end of the quarter whereby it will either be re-invested or paid out as dividend, depending on your option.
Anyway, make i no too argue, like I said, they make regular updates to their rules and are making it much more easier in order to retain and attract more customers. .... I'll try to find out more about this.
Thanks.

I think the rule still stands, you ought to hold for a minimum of three months before withdraw.

Godlylifeoneart:


They will experience a catastrophic losses if they do not come back.
The universal law of money must be obeyjed.
MONEY can never be arrested, it must change hands from one economy to another, from one nation to another.. This is one of the reasons, the United States is a prosperous nation.
This is what the Chinese and Indians are doing. The money must find a new home for prosperity to be defined. The American dollars transformed the economies of Saudi Arabia, China, UK, Japan, South Africa (before the black destroyed it)
There is hope in Nigeria, they are waiting for the Naira to weaken, This they have communicated individually and in directly through World bank and IMF.
Take for instance, the Johannesburg stocks exchange has picked up, the moment the country reserve Bank agreed indirectly to devalue the rand by subjecting it to market forces.
I. E the international prices of Gold and crude oil.
Once the price of crude oil is high the rand looses its strength and once the prices of gold and platinum rises above that of crude oil, the rand regains its strength.
This could not be done in Nigeria. Bubu is anti currency devaluation, he is also against the deregulation s of PMS. In South Africa, once crude oil rises the pump price also rises and vice-versa.
The two major things that are holding back Nigeria economy are.... Fixed price of PMS at the downstream sector regardless of international price of crude coupled with mass importation of the product,
The 2nd thing is the exchange rate.
And one may also add the high cost of Power generation for domestic ind consumptions.
The economy is contracting daily and sometimes stagnant.
In a way, we may say that Bubu is trying to protect the masses while indirectly damaging their present and future. Coz the government could not free up money for quality health care delivery which in turn gave birth to medical tourism.
The companies could not expands which equally built up more unemployed youths.
The government also failed to provide basics and social amenities and services.
Many states could also not paid public servant s salaries.
This is the curse of bubu but alas, he might just open up the Economy by devaluing the Naira, then Nigeria stocks exchange will return investors money at geometrical rate.
Then the story of 2016/17 will repeat itself. From world worst to world best.

What is wrong with the economy that calls for devaluation oga?

İnflation is falling, interest rate is falling, massive QE is being done now and will be done later by developed economies, so why ask for devaluation?

Like you said, you can't hold back money; it will keep moving. This is agree with you.

İf you are talking about free-floating the Naira and mistaking it for devaluation, then it is a different topic. Even the I & E window wherr Naira is traded still has CBN intervention most times. I believe the regulators know that they can't just have a freefloat otherwise the Naira will be toyed with by currency speculators.

Godlylifeoneart:



In the real world of investment, Which is independent of bull and bear, your investment should grow, therefore we can say bull and bear are for traders. However, NSE has render both TA and FA impotent. Fundamentally unhealthy companies are returning profits and price appreciations while the best one in TA and FA are daily turning to Red at arithmetic progression.
A news was flying round recently that Forte is going to disposed some assets, some investors thought the money would be declared as a special dividends, the company quickly come out that the money would be used to settle debts..... Case closed... Nothing for the investors.....
Oando sold one of its subsidiaries to helios.. Millions of $. The investors thought something will get to them, The big scammer and his group quickly defused the expectation he announced, the money was for debt servicing and payment. He went further, in few years time, oando would start paying dividends... Few weeks later, he said that the company need to borrow more money to finance its growth. What an oxymoron? Only in Nigeria can someone get away with this indescribable financial scam. Not a new thing, akingbola got away, Ayeni got away, dozie 's son got away, the ibrus got away, utomi got away.bisi Onasanya also got away. Here we are calculating FA and TA with cooked up figures.
The only valid input in analysis of Nigerian companies is outstanding company shares.
The rest are imaginary.
One should not quick to forget the atrocities of KPMG... They are no 1 in the world when it comes to hiding corporate corruption. They did it in South Africa the day this company bubble will burst in Nigeria, it will collapse many giants... Nevertheless, we are used to it.



How on earth is FA going to guarantee you a return?
Take a case of Zenith bank that made about N8. 00 per unit of investor share, the company gave out 2.80 as dividends, some investors demanded for more, the company quickly told them that the investors are greedy and they have paid the best dividend in the banking industry for 2018 the year many of them described as the most turbulent in the history of Nigeria economy.
The question now, who has FA and TA help in this perennial heamorrhaging economy?

(To the bold) Market will remain irrational longer than you can remain solvent. ~ John Maynard Keynes

TA and FA are still what they are. They have not changed. İt is what the market should be. Market involves moving up(trending up) or down (trending down) or not moving at all(stagnating).

You mentioned about cooked figures in results. FA sees this easily when you compare many year results. TA doesn't care much. They just trade the price movement. They are both not wrong. İt is just the SA(Sentiment Analyst) or GA ( Gut Analyst) that plunges and buy without analysis.

I do more of FA. I saw Skye bank, Diamond bank , Unity bank woes. Many FA here saw these too. We all stayed away no matter the price action. The prices moved to so low and was tempting but we all have principles guiding FA that makes you not to go in because the fundamentals are bad.

Godlylifeoneart:



How on earth is FA going to guarantee you a return?
Take a case of Zenith bank that made about N8. 00 per unit of investor share, the company gave out 2.80 as dividends, some investors demanded for more, the company quickly told them that the investors are greedy and they have paid the best dividend in the banking industry for 2018 the year many of them described as the most turbulent in the history of Nigeria economy.
The question now, who has FA and TA help in this perennial heamorrhaging economy?

N8? As EPS? They made N6.15

And they gave N2.8 dividends out of N6.15. This is ~46% of they earnings paid out. The management needs to reserve some. İf they don't reserve and they call you after some months to ask for N20 right issues, you will still come out here to blame them.

You need to look at the industry picture. They actually paid out a great sum.

Godlylifeoneart:


Yes... We are in for a long heamorrhaging, fluctuating activities on the Nigeria bourse.
However, the light will surely comes at the end of a tunnel.

Bubu was so meant, he stiffened the banking industry of government money by aggressive implementation of TSA.
He is unconcerned, provided, the foreign reserve is growing reasonably and the naira remains at sub 360/$
and PMS remains at sub 150/lit.
To bubu, this is more than an achievement.
In my view, Nigeria must be ready to embrace more shocking news from bubu.
The Chinese and the Indian investors we all detests are the most likely people that will eventually buy most of the healthy companies in Nigeria.,
Since the American refuse to come, rather they are leaving, Coz they seem to know the future more than the people and government of Nigeria due to their faith in Research and development.
You can count how many America companies that have left Nigeria.. I know of
Pfizer
Conoco Philip
HSBC
UBS
JUST TO MENTION A FEW.
The outlook of bubu 2nd tenure is bleak in economy term.

Are you saying that TSA should not have been done? That government shouldn't have checked to reconcile all their various accounts and brought all of them into one Single Account?

All the companies you mentioned, who did they epp? With exception of Pfizer, who uses the others? When you were in Nigeria, do you know anyone who uses Union Bank of Scotland (UBS) or Hongkong and Shanghai Banking Corporation (HSBC)? They don't even have branches like the Nigerian banks we know. They just came to help serve the rich. Is that a bank? How many people will such a bank employ?

ndidigood:
Mr.Catapult or...?leave us alone to mourn our portfolio in peace.

Chai..... Catapult kwa!

Mpeace:
Person just dey laf me here. Share I no see, N1, I no see.
This one done pass one chance.

I don't know if you have seen your shares, i was waiting for mine to show till someone told me to request for my cscs statement. I just entered the number of units i was expecting for sale using premium and sold it off yesterday, waiting for the 1N though.

THE RICH, POOR, WISE AND THE POWERFUL SEEK THE ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/21#77384930

RabbiDoracle:


Are you saying that TSA should not have been done? That government shouldn't have checked to reconcile all their various accounts and brought all of them into one Single Account?

All the companies you mentioned, who did they epp? With exception of Pfizer, who uses the others? When you were in Nigeria, do you know anyone who uses Union Bank of Scotland (UBS) or Hongkong and Shanghai Banking Corporation (HSBC)? They don't even have branches like the Nigerian banks we know. They just came to help serve the rich. Is that a bank? How many people will such a bank employ?

Words.

Godlylifeoneart:


Yes... We are in for a long heamorrhaging, fluctuating activities on the Nigeria bourse.
However, the light will surely comes at the end of a tunnel.
In as much, the Nation is not at war, there is hope for the people that can hold their portfolio in fundamentally sound companies.
The saturation kinetic of money will catch up with the emerging economy and the hot money will find its way to Nigeria, the selling point of Nigeria economy might end up being the young population. Investors must serve this young population. As for Buhari he dictates what he want... In 4 yrs no new oil block, all in the name of fighting corruption
Bubu was so meant, he stiffened the banking industry of government money by aggressive implementation of TSA.
He is unconcerned, provided, the foreign reserve is growing reasonably and the naira remains at sub 360/$
and PMS remains at sub 150/lit.
To bubu, this is more than an achievement.
In my view, Nigeria must be ready to embrace more shocking news from bubu.
The Chinese and the Indian investors we all detests are the most likely people that will eventually buy most of the healthy companies in Nigeria.,
Since the American refuse to come, rather they are leaving, Coz they seem to know the future more than the people and government of Nigeria due to their faith in Research and development.
You can count how many America companies that have left Nigeria.. I know of
Pfizer
Conoco Philip
HSBC
UBS
JUST TO MENTION A FEW.
The outlook of bubu 2nd tenure is bleak in economy term.
Noone prayed for a sudden drop in international price of crude oil, the effect would not change anything. Nigerians have seen the worst during the Abacha Era, we can't give up now that a herds man is driving us to an unknown destination. We are on board with the FGN, let them continue, we will survive with determination perseverance, steadfastness and resilient. No shaking... The chinkos are coming with petro dollars... Sowwy chinkodolla. The only language the Nigerian economy understands.
Finally.... Accumulate, Accumulate, accumulate more units of well capitalised companies. If you can borrow to accumulate more, I advise you to do so. The gain is coming soon. Indo/chinkodolla is on the way.

What will they do differently? They all know the problem that exists in Nigerian Economy. With a clear knowledge of these challenges, the Chincos either come to further impoverish or rip. Never forget that the sole purpose of HOT MONEY is to starch cold money and carry go. On the sideline, to a layman, solving Nigeria's problem is not astronomy nor radiology. It is basic, use the money for what it is supposed to be used for.

Fortune19:
I think the rule still stands, you ought to hold for a minimum of three months before withdraw.

Good. This are kind of unwritten rules. It may however vary from one house to the other just like lancee said.