emmanuelewumi:


Very difficult to curb itchy fingers if you monitor the market 24/7. Online trading has also denocratised stock trading which is a catalyst for the itchy fingers syndrome

Sir, in my opinion, it is the best thing that happened to NSE since it was introduced. It has helped to put some notorious analogue stockbrokers to check and equally presented a golden opportunity for investors to take charge of their investment journey. Regarding developing an itchy finger, I doubt if it has anything to do with the introduction of online stock trading, it is primarily a thing of the mind. If you have no plan/strategy of your own, then be ready to get your fingers burnt. I monitor price movement daily and I still have a good percentage of stocks that I bought in August 2019 in my portfolio as we all await our dividend payment soon . I just love the euphoria of the price movement while I sip my coffee

UBA 1.00K don land

I tried to open a broker account with ibtc but they are telling me I must have a minimum 5m is that true

Godisfaithful:



GBAM . I just pity those who keep buying when the selling has not even started. The whole world market is burning...why would I buy a stock of 4 Naira for 7 Naira because of 75Kobo dividend? Ayam not interested in NSE for now....Cash is king

All of una Kings of Cash , we go chop dividend finish come join the queue with una

seyisanya:
Sir, in my opinion, it is the best thing that happened to NSE since it was introduced. It has helped to put some notorious analogue stockbrokers to check and equally presented a golden opportunity for investors to take charge of their investment journey. Regarding developing an itchy finger, I doubt if it has anything to do with the introduction of online stock trading, it is primarily a thing of the mind. If you have no plan/strategy of your own, then be ready to get your fingers burnt. I monitor price movement daily and I still have a good percentage of stocks that I bought in August 2019 in my portfolio as we all await our dividend payment soon . I just love the euphoria of the price movement while I sip my coffee

Never said it was a bad thing. Did I ?

Wanity:
I tried to open a broker account with ibtc but they are telling me I must have a minimum 5m is that true

You will need a minimum of N5 million to open a Stockbroking account with Stanbic IBTC Stockbrokers, FBN Securities and FSDH Securities.

With 20k you can open an account with United Capital securities

OakPearl:


Nice one bro.
Am sure you meant half of the 14.8% (annual) coupons every 6 months.
My 2029 coupon just dropped 2 days ago...no better place than to sink it in a bear market like this.

Yes boss

Am waiting for 26th April and 26th October yearly

AR U SURE. SHARE THE LINK

lancee:
UBA 1.00K don land

lancee:
UBA 1.00K don land

are you serious?

Dangcem; N16 Dividend. Yield; 10.3%
Not bad for a dangcem
http://www.nse.com.ng/Financial_NewsDocs/29176_DANGOTE_CEMENT_PLC_CORPORATE_ACTIONS_FEBRUARY_2020.pdf

emmanuelewumi:



Never said it was a bad thing. Did I ?

I never said you did, sir. However, stating its introduction as a catalyst for itchy-finger syndrome is what I doubt. It all boils down to one's mindset.

emmanuelewumi:


You will need a minimum of N5 million to open a Stockbroking account with Stanbic IBTC Stockbrokers, FBN Securities and FSDH Securities.

With 20k you can open an account with United Capital securities

Wow thank you

OBAGADAFFI:



Even in a burning Market, people are still investing and making money.

Some of have never left the market even during recession, because that is what businesses men do .

You don't close because business is bad.

...Maybe Warren Buffet. I would rather buy a stock 3x lower than buy 4x higher because of dividend. That’s how to make money in a down market.

Princkez:
are you serious?

Chaii ..I wish bro ..just joking based on the what oga leo said yester

Anything can happen..we keep watching

seyisanya:
I never said you did, sir. However, stating its introduction as a catalyst for itchy-finger syndrome is what I doubt. It all boils down to one's mindset.

It is and itchy fingers are very good for the business of stock broking.
Stockbrokers will get more commissions from transactions

Godisfaithful:



GBAM . I just pity those who keep buying when the selling has not even started. The whole world market is burning...why would I buy a stock of 4 Naira for 7 Naira because of 75Kobo dividend? Ayam not interested in NSE for now....Cash is king

Hmmm....Don't pity dem o. Many of dem know what they are doing. Just focus on your own plans.

Godisfaithful:


...Maybe Warren Buffet. I would rather buy a stock 3x lower than buy 4x higher because of dividend. That’s how to make money in a down market.

You cant time the market, that is why you in tranches. If the dividend yield is higher than inflation, I am good to go.

Wanity:
I tried to open a broker account with ibtc but they are telling me I must have a minimum 5m is that true

Lol....just go for the one that appears to be more popular here. I don't use it but it seems many people are satisfied with it.

Wanity:
I tried to open a broker account with ibtc but they are telling me I must have a minimum 5m is that true

Please, go and open an account with Morgan Capital. Most investors here use MC. http://www.morgancapitalgroup.com/

Marlianvestor:


True and not true, Sir! Individuals with limited funds, yes, but not true, for all the HNW investors and corporate guys with sqoush funds who solely look to scalp the market just 5 or 10% returns repeatedly. Some guys are even scalping with huge volume N1 net absolute returns of Zenith and GTB stocks repeatedly. They do this for a living! Just look at what the T-bills guys are doing to the equity mkts for now. The era of 25% appreciation at once for fundamental stocks in the mkt is gone for now apart from one-off or illiquid stocks. More reason, why I said earlier that the mkt for now is massively rigged against long term investors. Hopefully, post-PMB, the mkt dynamics would change, but for now...

'Holding stock for long term in NSE is unprofitable, at least, since the 2007 crash. .......In the past the preponderance of opinions of our gurus was that long term is good and short term a sin. I sense that in this Nsempa there is more tolerance of shortermers because they actually make money. This is a good development. Short termers, and even Jijoist, must be encouraged to disclose their strategies, methodology, observations, tips and tricks. I suspect that money bags have assembled groups of young jijo traders in the NSE who are given access to billions of Naira whose sole purpose is to make 10% over and over again for their masters, a sort of real life Wall Street Warriors scenario. My kudos goes to pioneering shortermers and jijost on this forum'

I wrote the above three months ago but one of our gurus called me an olodo instead of allowing members to consider the possibility, strange as it may be. Now Marlianvestor has raised similar issue. This time around the NSE warriors are satisfied with 5% or less gain. That those guys will sell for the smallest gain is confirmed truth for how can one explain selling Zenith for N19. At what price did they buy, was fees and commission not paid? This is why somebody suspected that counterfeit shares printed to order are been sold. May be our jijoists should consider coming down from 10% to stand a chance.

chillykelly86:


I'm suspecting a higher dividend payout from UBA too. From the precedent of UCAP & Afriprud, it appears Boss Tony needs some cash.

I'm seeing something that may look like a trend(not certain yet) of the indigenous big boys of the banks divesting. Are they seeing better opportunities elsewhere?

Who are those divesting? Don't be surprised if Tony and some UBA insiders have increased their holdings between last year and now

I think devaluation fear is responsible for the dumping even when the dividend yields seem okay. We all know the market will go bearish after dividend payment so it's best for some to make marginal gain now and leave.
Just stick to your game plan

UBA we are observing you.

shalomblue:
I think devaluation fear is responsible for the dumping even when the dividend yields seem okay. We all know the market will go bearish after dividend payment so it's best for some to make marginal gain now and leave.
Just stick to your game plan

I don't know if devaluation will happen or not but i know the fear of it does not account for this response to dividend declared. If you care to look at this period in 2019 and 2018, you will notice that the trend was not much different post declaration of dividend.

What i think has happened is that most big time investors that can move market have already priced in the expected dividend since December and unless there is a massive surprise like in the case of Vitafoam where dividend grew by 68%, do not expect any upswing. Also, Vitafoam was a lone ranger in late December (months after that last interim div. in the market and at least a month before final divs) and so can attract attention, unlike where more than 50 results/dividends that will be declared within 5 weeks period.

seyisanya:
Please, go and open an account with Morgan Capital. Most investors here use MC. http://www.morgancapitalgroup.com/

How much is the minimum needed to open it

BAMOFIN1:


'Holding stock for long term in NSE is unprofitable, at least, since the 2007 crash. .......In the past the preponderance of opinions of our gurus was that long term is good and short term a sin. I sense that in this Nsempa there is more tolerance of shortermers because they actually make money. This is a good development. Short termers, and even Jijoist, must be encouraged to disclose their strategies, methodology, observations, tips and tricks. I suspect that money bags have assembled groups of young jijo traders in the NSE who are given access to billions of Naira whose sole purpose is to make 10% over and over again for their masters, a sort of real life Wall Street Warriors scenario. My kudos goes to pioneering shortermers and jijost on this forum'

I wrote the above three months ago but one of our gurus called me an olodo instead of allowing members to consider the possibility, strange as it may be. Now Marlianvestor has raised similar issue. This time around the NSE warriors are satisfied with 5% or less gain. That those guys will sell for the smallest gain is confirmed truth for how can one explain selling Zenith for N19. At what price did they buy, was fees and commission not paid? This is why somebody suspected that counterfeit shares printed to order are been sold. May be our jijoists should consider coming down from 10% to stand a chance.

What I know is that the long term is a series of short terms. As long as you keep your eyes on your portfolio and keep your ears open for company news, especially for executives that go rogue, long term investors should outperform "jijo fellows" over a specific time horizon. The only condition is that long termers should rebalance portfolios in response to company specific news and should forget about loving specific companies/stocks. Once the price of shares you hold has exceeded the value you ascribe to it, its logical to sell it and not hold on.

There are jijo opportunities no doubt, but like day traders 10% on a sustainable basis is very rare. Even NEM and OANDO have given around 10% twice in the last 6 months but its fraught with danger. Beyond UACN and WAPCO, which many will now claim they did jijo in, i challenge folks to name 5 stocks they have done jijo with in the past 6 months lets back test and see how valuable this strategy is. The dataset is available.

Meanwhile out of that 10%, NSE, SEC and Stockbrokers own between 2% - 3% depending on which broker you are using.

Dangote Cement to Pay Shareholders N16 Dividend
https://businesspost.ng/economy/dangote-cement-to-pay-shareholders-n16-dividend/

Wanity:

How much is the minimum needed to open it

N5050

OakPearl:


Nice one bro.
Am sure you meant half of the 14.8% (annual) coupons every 6 months.
My 2029 coupon just dropped 2 days ago...no better place than to sink it in a bear market like this.

Love double-digit yield! Cool way to pay yourself an annuity - Imagine investing say N100m on FGN bonds @ 12% net equals N1m monthly income, that would conservatively take care of all your bills....

dipoolowoo:
Dangote Cement to Pay Shareholders N16 Dividend
https://businesspost.ng/economy/dangote-cement-to-pay-shareholders-n16-dividend/

Very good.

emmanuelewumi:


You cant time the market, that is why you in tranches. If the dividend yield is higher than inflation, I am good to go.

Well that statement is not entirely true. There are usually patterns created for the perspicacious to decipher.

Marlianvestor:


Love double-digit yield! Cool way to pay yourself an annuity - Imagine investing say N100m on FGN bonds @ 12% net equals N1m monthly income, that would conservatively take care of all your bills....

Some got 14%,