Do not sell now unless you are in dire need of the funds. I hope you have done the necessary documentation to have the shares in your name

Blessing642:
Good morning everyone. I inherited some units of NB and UACN shares, I want to ask if I should sell now or hold on till price picks up again. Thanks

locodemy:
stocks to buy don yakata.Idont know the one to go for again.

wapco no more on rader

Better stay away entirely because the market will systematically crash throughout this year.

Don't say you weren't WARNED!

BARGAIN HUNTERS TAKE NOTE!

2020 year of the MELTDOWN.

*ThE OcToPuS*

the cost is zero to him?

Mcy56:

To start with, what's the average price for each?

Mcy56:

We pray God will help us put an end to the ravaging virus soonest.
The bids in fcmb were actually in anticipation of good result, it was Covid19 that spoilt the show.

Remember onifa said the market may reverse this week as oil price is expected to go up but all na fake ni.

he said we never even see oso Abiola.That means there is still something worse than the virus we never see.

rebekah2011:
the cost is zero to him?

Cos it was inherited?
Anyway, like you said, he/she doesn't have to sell now unless in dire need of fund.

locodemy:
Remember onifa said the market may reverse this week as oil price is expected to go up but all na fake ni.

he said we never even see oso Abiola.That means there is still something worse than the virus we never see.

Noted.
Let it go up so some people can bail out at least. Na the Koko be that.

NB 40...UACN 7

Mcy56:

To start with, what's the average price for each?

PETERiCHY:


Better stay away entirely because the market will systematically crash throughout this year.

Don't say you weren't WARNED!

BARGAIN HUNTERS TAKE NOTE!

2020 year of the MELTDOWN.

*ThE OcToPuS*

Q1 results will be messed up.I may come back by September

Mcy56:

Noted.
Let it go up so some people can bail out at least. Na the Koko be that.

Yes,but wait and chop the UBA dividend first.

nna777:


Zenith will soon be punished. once the qualification date is passed, the punishment will begin. so those buying now for dividend might buy at a loss.

huge loss!

Blessing642:
NB 40...UACN 7

I mean the average purchase price.
Do you have another stock you intend moving the fund to?

Thank you sir

rebekah2011:
Do not sell now unless you are in dire need of the funds. I hope you have done the necessary documentation to have the shares in your name

Mcy56:

We pray God will help us put an end to the ravaging virus soonest.
The bids in fcmb were actually in anticipation of good result, it was Covid19 that spoilt the show.

I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

locodemy:
Yes,but wait and chop the UBA dividend first.

Sure.
Let me come and go and check if the dividend info is out already self.

Updated: Not yet.

None for now

Mcy56:

I mean the average purchase price.
Do you have another stock you intend moving the fund to?

Posted a report from a renowned source here on the 28th of November which predicted that the stock market will lose over 2000 points this year. So caveat emptor, let the buyer beware

Blessing642:
None for now

Ok. It depends on you.
You may sell now and keep the cash so as to buy bargain in market for profit
OR
Leave it for market to go up again.

I would go with the first option if I were the one.....but since I don't know the cost price per share, it will be somehow difficult to advice which is the best option.........you can follow your mind.

Chibuking81:
GTB @#22.55 looking more promising than Zenith @#18, just #4.55 kobo difference, Zenith will likely visit #16 soon

GTB crashed from N30 to N22 by the time ZENITHBK crash will start it's heading straight to sub N10.

I pity those waiting for a paltry N2.50 dividend whereby a glaring N10 capital loss is staring at you.

BARGAIN HUNTERS TAKE NOTE!

The problem is because it is CHINA, the biggest economy in the world.

Kashif:


I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

Kashif:
I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

You just answered it nah. Media blowing it out of proportion and sending wrong signals.

Thank you ma.
The shares were bought in the early 90s.

Mcy56:

Ok. It depends on you.
You may sell now and keep the cash so as to buy bargain in market for profit
OR
Leave it for market to go up again.

I would go with the first option if I were the one.....but since I don't know the cost price per share, it will be somehow difficult to advice which is the best option.........you can follow your mind.

When the going gets tough, ONLY the tough gets going.

Tough times never last ONLY tough people do.

locodemy:


Q1 results will be messed up.I may come back by September

Yes mid September after SCHOOL FEES PAYMENT is the best bet.

As for now whatever you see you take.

jamace:
When the going gets tough, ONLY the tough gets going.

Tough times never last ONLY tough people do.

You never see where hot water boil so tey the eggs break

Thats the current market situation.

Dividends presently not playing any role in NSE. This life eeehhhh, Mad OOOoooooo.

PETERiCHY:


You never see where hot water boil so tey the eggs break

Thats the current market situation.

Story

PETERiCHY:


You never see where hot water boil so tey the eggs break

Thats the current market situation.

Go ask the water what it suffered in the hand of temperature before it cracked the egg.

Looking like 1pm afterwards will be interesting today.

Kashif:


I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

2% of a country with 100m people will have 2m deaths. No be chicken dey die o. Human beings.

At a point I was asking myself all these '100 new deaths added', are they not humans that are counted as ordinary number.

And where there is no cure or vaccine, there is instant panic.

And any disease that is communicable and that needs quarantine destroys economy. Because you close a section of the business or sector to prevent further spread.

Market is pricing in the economic effect that will come after the deaths, diseases.

Let's put things in proper perspectives now. Imagine Air China flies into Nigeria 3 times a day, everyday. A ban on air China means that the Company that supplies fuel for refuelling the plane in Nigeria will be in crisis. Those baggage companies that support airline passenger boarding and disembarkment are in trouble. Hotels that support huge number of chinese tourist are in trouble. Shopping Malls will have reduced patronage. The person that supplies groceries to the hotel is in trouble. Airport taxis waiting to pick passengers will have reduced passengers. There are huge cascading effects.

Open your mind and see the effect.

Kashif:


I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

"Our greatest enemy right now is not the virus itself. It's fear, rumours and stigma. And our greatest assets are facts, reason and solidarity"
.....Dr Tedros Adhanom Ghebreyesus (WHO Director- General)

BARGAIN HUNTERS, TAKE NOTE.

RabbiDoracle:




And the truth remains that when the time to buy comes, people will be so scared of losing money.

Meanwhile when it is time to sell, they will stay there ooo and forget themselves.

This happened because so many traders/investors are running on emotions when it comes to NSE instead of focusing on facts and situations at hand. This is not the time to buy anything...

PETERiCHY:


GTB crashed from N30 to N22 by the time ZENITHBK crash will start it's heading straight to sub N10.

I pity those waiting for a paltry N2.50 dividend whereby a glaring N10 capital loss is staring at you.

BARGAIN HUNTERS TAKE NOTE!

those that will buy after mark down will still make plenty of monies more than them