Lion123:
Silly question: Is there any possibility that there will be no markdown on stocks this year? Because everything is ridiculously undervalued - especially the banks. Marking down shares at these prices would be wickedness. How a healthy bank that made N208 billion in 2019 (and has more than N900 billion in retained earnings), is trading at a N600 billion market cap (barely 3X earnings), is perplexing.

There will always be a mark down for dividends.

You are now seeing what investors have seen but invincible to traders.

Hold cash and come back to the market in September 2020.

The lower the prices of such banks the better for the buyers.

Lion123:
Silly question: Is there any possibility that there will be no markdown on stocks this year? Because everything is ridiculously undervalued - especially the banks. Marking down shares at these prices would be wickedness. How a healthy bank that made N208 billion in 2019 (and has more than N900 billion in retained earnings), is trading at a N600 billion market cap (barely 3X earnings), is perplexing.

So if your wife gives birth her weight will not reduce , because she will be too slim?

Lion123:
Silly question: Is there any possibility that there will be no markdown on stocks this year? Because everything is ridiculously undervalued - especially the banks. Marking down shares at these prices would be wickedness. How a healthy bank that made N208 billion in 2019 (and has more than N900 billion in retained earnings), is trading at a N600 billion market cap (barely 3X earnings), is perplexing.

That is the irrationality in the stock market. And if the market has always been rational how will people be making money

emmanuelewumi:
Bargain hunters please take note.

....and the Octopus. Lol.

Being an investor pays, especially with good and healthy stocks.
I'm really eyeing that section now with the digital trading in vogue.......one can always monitor his/her portfolio and the coys performances.
Will just build on two stocks first, then start adding additional one by one as funds show.
The secret is to lay low and strike during panic or bad news time when prices are low, by God's grace.

Mcy56:

....and the Octopus. Lol.

Wrong spelling
OcToPuS

Agbalowomeri:

Wrong spelling
OcToPuS

Lol.
Thank God you don find your voice back according to the OcToPuS.

Mcy56:
Being an investor pays, especially with good and healthy stocks.
I'm really eyeing that section now with the digital trading in vogue.......one can always monitor his/her portfolio and the coys performances.
Will just build on two stocks first, then start adding additional one by one as funds show.
The secret is to lay low and strike during panic or bad news time when prices are low, by God's grace.

You don't know how long the panic will last, but if you are liquid, have an uninterrupted cash flow or you have a minimum of 2 years of your living expenses in cash or money market funds you have nothing to fear and you are good to go.

The main cause of the panic and fear is when people have all their funds in the market, no uninterrupted cash flow and they will need to sell their shares in order to be liquid

2-Year FGN Savings Bond due March 11, 2022: 4.131% per annum
3-Year FGN Savings Bond due March 11, 2023: 5.131% per annum

http://www.nse.com.ng/Financial_NewsDocs/29284_CHAMS_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf
Owner ti n jaapaa

Lion123:
Silly question: Is there any possibility that there will be no markdown on stocks this year? Because everything is ridiculously undervalued - especially the banks. Marking down shares at these prices would be wickedness. How a healthy bank that made N208 billion in 2019 (and has more than N900 billion in retained earnings), is trading at a N600 billion market cap (barely 3X earnings), is perplexing.

Banks are very dicy, remember Lehman Brothers, very sweet company with great financials numbers, even paid dividends a year before they wind down..................All Banks including GT can fold any minute especially if Coys in their loan books become troubled, Skye, Diamond comes to mind........ When the going is good for Banks, its fantastic but when the going is bad Banks are the most catstrophic investment

emmanuelewumi:
You don't know how long the panic will last, but if you are liquid, have an uninterrupted cash flow or you have a minimum of 2 years of your living expenses in cash or money market funds you have nothing to fear and you are good to go.

The main cause of the panic and fear is when people have all their funds in the market, no uninterrupted cash flow and they will need to sell their shares in order to be liquid

You're right sir. Especially the second part.

Uchetoba:
2-Year FGN Savings Bond due March 11, 2022: 4.131% per annum
3-Year FGN Savings Bond due March 11, 2023: 5.131% per annum

I saw this early this morning and cringed. What sort of demonic returns are these?

Not all banks can fold at any time. Any business that is badly run no matter how systemic important it is, it will go down. Gtbank and Zenith bank the way they are currently being managed cannot fold up any minute. There has to be signs at first.

maishai:


Banks are very dicy, remember Lehman Brothers, very sweet company with great financials numbers, even paid dividends a year before they wind down..................All Banks including GT can fold any minute especially if Coys in their loan books become troubled, Skye, Diamond comes to mind........ When the going is good for Banks, its fantastic but when the going is bad Banks are the most catstrophic investment

It is meant for those that are afraid of losing their capital.

Lion123:


I saw this early this morning and cringed. What sort of demonic returns are these?

maishai:


Banks are very dicy, remember Lehman Brothers, very sweet company with great financials numbers, even paid dividends a year before they wind down..................All Banks including GT can fold any minute especially if Coys in their loan books become troubled, Skye, Diamond comes to mind........ When the going is good for Banks, its fantastic but when the going is bad Banks are the most catstrophic investment

Badly managed banks will not go down over night they usually give signs 12 to 24 months before they go under.

Intercontinental bank, Oceanic bank, Skye Bank gave enough signs, I didn't not have diamond Bank shares so I am not sure if it gave signs.

Fbnh leaped with whooping 50kobo today to close at 5.65.
I knew it will reverse up with the crazy bids below 4.50.
The moneybag with 30M single bid below 4.50 has been surfacing regularly these days. Another 20M moneybag joined him. If something is not after them, then they're after something. That was how 100M single bid was pursuing it at btw N3-N4 then, the guy must have smiled to the bank when it hit N12.
Only dicerning mind can understand this ......but someone said it's fake bid.

** Na my own I just talk o, not promoting Fbnh, I dont even have it.......but I think whosoever is interested could set his/her trap at N4 region again, if fear go gree you.*

Mcy56:
Fbnh leaped with whooping 50kobo today to close at 5.65.
I knew it will reverse up with the crazy bids below 4.50.
The moneybag with 30M single bid below 4.50 has been surfacing regularly these days. Another 20M moneybag joined him. If something is not after them, then they're after something. That was how 100M single bid was pursuing it at btw N3-N4 then, the guy must have smiled to the bank when it hit N12.
Only dicerning mind can understand this ......but someone said it's fake bid.

** Na my own I just talk o, not promoting Fbnh, I dont even have it.......but I think whosoever is interested could set his/her trap at N4 region again, if fear go gree you.*

If I must buy now,I will rather set my trap @ oando at the current price as a Jijo trader.At least no doubt of 10%

rebekah2011:
It is meant for those that are afraid of losing their capital.

4.1% P.A in Naira? Haha! That can never be me! I'd rather dump it all in Zenith bank shares.

emmanuelewumi:



Badly managed banks will not go down over night they usually give signs 12 to 24 months before they go under.

Intercontinental bank, Oceanic bank, Skye Bank gave enough signs, I didn't not have diamond Bank shares so I am not sure if it gave signs.

The signs were there in diamond bank for more than 3 years for those who were willing to see .....

Mcy56:

Lol.
Thank God you don find your voice back according to the OcToPuS.

Where the voice loss go before?

locodemy:
If I must buy now,I will rather set my trap @ oando at the current price as a Jijo trader.At least no doubt of 10%

Nothing do you sir.
Pandora at 2+ is also a jijo candidate to me.....barring any problem again.

pluto09:



The signs were there in diamond bank for more than 3 years for those who were willing to see .....

Same way some people are still buying Unity Bank

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29284_CHAMS_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf
Owner ti n jaapaa

Somebody was hyping this Chams sometime ago....can't remember who now

pluto09:



The signs were there in diamond bank for more than 3 years for those who were willing to see .....

Haha! Can never be Zenith Bank!

Lion123:


4.1% P.A in Naira? Haha! That can never be me! I'd rather dump it all in Zenith bank shares.

They are usually oversubscribed , that is where pension funds are Invested. Although some of the funds found their way to the market early this year

Same for Japaul !

emmanuelewumi:



Same way some people are still buying Unity Bank

maishai:


Banks are very dicy, remember Lehman Brothers, very sweet company with great financials numbers, even paid dividends a year before they wind down..................All Banks including GT can fold any minute especially if Coys in their loan books become troubled, Skye, Diamond comes to mind........ When the going is good for Banks, its fantastic but when the going is bad Banks are the most catstrophic investment

@Bolded not entirely correct. Diamond and Skye had issues for a long time before their fate, Diamond for at least 6 years. Bank's with modestly good risk management, controls and governance don't fail overnight but they are few. Its just that as an outsider one may not really know what is happening inside and CBN won't reveal anything till it gets very messy. Retail investors in bank are advised to not only read financial statements and ratios but also look for stories on the lifestyles of executive management and key owners.

Some of them just use their ownership and control as vehicle for other gigs.

Mcy56:

Nothing do you sir.
Pandora at 2+ is also a jijo candidate to me.....barring any problem again.

If not Covid-19,Wapco,Uacn and oando would have spring surprises in 2020.

But Mcy,now the euphoria has change a bit,it's better to reduce holdings now.50% cash,50% shares.

Just my thinking

pleas house any news about gtbank

Mcy56:
Being an investor pays, especially with good and healthy stocks.
I'm really eyeing that section now with the digital trading in vogue.......one can always monitor his/her portfolio and the coys performances.
Will just build on two stocks first, then start adding additional one by one as funds show.
The secret is to lay low and strike during panic or bad news time when prices are low, by God's grace.

If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

pluto09:



If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

l ji okwu