pluto09:



I can bet you Warren Buffett doesn't have anyone in his books sitting behind computers monitoring daily fluctuations in prices of his stock investment.
His Researchers are busy pouring over companies annual reports and visiting those companies to ask further questions.

You don't identify a good company by looking at share prices on daily basis.
Buffet did not just buy Delta airlines , he has identified the company as a good one and has been buying since 2016. The pullback occasioned by the corona virus jus afforded him an opportunity to buy a great company selling at a good price.

An investor doesn't just wake up in a day and decides to buy a stock just because price is falling. Rather he would have done the necessary homework on that stock and was only waiting for the price to be right before he strikes.

Being an investor and a trader is not impossible but requires greater discipline.
The daily noise in the market offers no help to an investor.

You have really read his biography. Warren Buffet way

Coolcash1:


At this rate, there will soon be no non-banking stocks again on the bourse. Like a member said, its time for NSE and SEC put on their thinking cap to deepen the market. This is not good at all for investors and country at large.

I think the cost and stress of doing business on the NSE is too high for some companies.

Just look at Audit fees alone, it very high.

No way you can run away from this one in Bold.

emmanuelewumi:



They don't like the scrutiny which NSE, SEC, FIRS and others will subject them to

rebekah2011:
Should an investor in Zenith bank or Gtbank be disturbed when the prices keep dropping or this should spur him or her to buy more knowing fully well that the banks have been performing better year on year. I have been looking at Dangote cement for a while now, the latest results is not that encouraging as many indicators of the company's results did not make me excited but at N100 / N120 it will be too good for me to ignore. Ditto with MTN at any price below N100 will be a good entry price. Whenever I achieve (100% gains) if I am able to, in any of these company's. I will book my capital and find other opportunities around the investment space. Should I also look at the prices every day? Yes, I do and do I read the financials? Yes I do but not as much as I will want to because my holdings in them have not yet reached 10% or 5%. Please monitor your investments oooo.

You didn't discover MTN, DC, Zenith and GT to be a good companies by looking at fluctuations in daily price..

Let me ask you this question, what do you gain by monitoring live the fluctuations in prices of your zenith bank? Mind you, you can always buy more by setting your buy limit order as price falls.

audit fees is not a function of your coy being a listed or not- listed. If you want to have access to cheaper funds via the investing public, you must be ready to face public scrutiny. I believe the regulations for non-financial coys are not even enough. It should be more.

OBAGADAFFI:


I think the cost and stress of doing business on the NSE is too high for some companies.

Just look at Audit fees alone, it very high.

what I believe you refer to monitoring is sitting behind the computers and checking prices of companies where you have investments every time? No sane person will do this every time. But do you get daily updates of price movements on the NSE? Do you look at your investments to see how to keep into buying more at good entry prices or sell when targets are met? All I know is that I monitor my investments and I am also looking for more money to buy more when the opportunities present itself.

pluto09:



You didn't discover MTN, DC, Zenith and GT to be a good companies by looking at fluctuations in daily price..

Let me ask you this question, what do you gain by monitoring live the fluctuations in prices of your zenith bank? Mind you, you can always buy more by setting your buy limit order as price falls.

Warren Buffett is operating in a more regulated and sane clime, and though his strategy can be duplicated anywhere else around the world, one still needs to be mindful of our own peculiar market(NSE).

Besides, sir Warren who has been announcing that he was heavily in cash for a while now before he decided to strike again this past Monday was a good indicator that after he must have done in-depth research on good companies in his books, he monitored the market for the right time to strike!

In his early days, I am sure he must have done more than what majority of us is doing now.

seyisanya:
Warren Buffett is operating in a more regulated and sane clime, and though his strategy can be duplicated anywhere else around the world, one still needs to be mindful of our own peculiar market(NSE).

Besides, sir Warren who has been announcing that he was heavily in cash for a while now before he decided to strike again this past Monday was a good indicator that after he must have done in-depth research on good companies in his books, he monitored the market for the right time to strike!

pluto09:



I can bet you Warren Buffett doesn't have anyone in his books sitting behind computers monitoring daily fluctuations in prices of his stock investment.
His Researchers are busy pouring over companies annual reports and visiting those companies to ask further questions.

You don't identify a good company by looking at share prices on daily basis.
Buffet did not just buy Delta airlines , he has identified the company as a good one and has been buying since 2016. The pullback occasioned by the corona virus jus afforded him an opportunity to buy a great company selling at a good price.

An investor doesn't just wake up in a day and decides to buy a stock just because price is falling. Rather he would have done the necessary homework on that stock and was only waiting for the price to be right before he strikes.

Being an investor and a trader is not impossible but requires greater discipline.
The daily noise in the market offers no help to an investor.

Now your point is clearer.
I didn't mean price monitoring by the way, because investigating and researching company reports to determine valuation cannot mean staying away from the market.
So we are saying the same thing.
Case closed.

OBAGADAFFI:


I think the cost and stress of doing business on the NSE is too high for some companies.

Just look at Audit fees alone, it very high.

Audit fees are determined by the size and complexity of the business.
Some businesses are audited for as low as 100k, while some are audited for as high as N500 million and above.

OakPearl:


Now your point is clearer.
I didn't mean price monitoring by the way, because investigating and researching company reports to determine valuation cannot mean staying away from the market.
So we are saying the same thing.
Case closed.

Not price monitoring by the day and by the minutes.

rebekah2011:
audit fees is not a function of your coy being a listed or not- listed. If you want to have access to cheaper funds via the investing public, you must be ready to face public scrutiny. I believe the regulations for non-financial coys are not even enough. It should be more.

Oga, most Limited company do Audit once a year, unlike Public companies.

Add that to other cost i.e AGM, Publishing of reports. e.t.c

emmanuelewumi:



Not price monitoring by the day and by the minutes.

Sir, I think only the men and women working for the NSE on the exchange floor fit this description. Our madam Mcy can't even match this.

emmanuelewumi:



Not price monitoring by the day and by the minutes.

That's for traders.
I salute them too.
Them dey try.

OBAGADAFFI:


Oga, most Limited company do Audit once a year, unlike Public companies.

Add that to other cost i.e AGM, Publishing of reports. e.t.c

Banks that are declaring profit after tax of about N200 billion, will not find it difficult paying audit fees of N500 million.

OakPearl:


That's for traders.
I salute them too.
Them dey try.

It is very good, but can't do it because of my health and peace of mind.

seyisanya:
Sir, I think only the men and women working for the NSE on the exchange floor fit this description. Our madam Mcy can't even match this.

Most of us here are traders and you can't blame anyone.
She is doing a good job and i am not out to discourage her.
I only gave my observation because she said she wanted to be an investor.

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%

OANDO at current price of N2.70k is a no no for me

Remember oil companies with track records are taking a hit let alone crooked WALE coy OANDO with over N200Billion debts hanging on their neck.

To be on a safe side its better to buy at circa N2.00 and sell at circa N2.40k

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

pluto09:



Most of us here are traders and you can't blame anyone.
She is doing a good job and i am not out to discourage her.
I only gave my observation because she said she wanted to be an investor.

You're right, sir. Thanks, madam Mcy. We appreciate your contribution here.

emmanuelewumi:


Banks that are declaring profit after tax of about N200 billion, will not find it difficult paying audit fees of N500 million.

Big Bank and Big Telcos are like kalokalo business.

The earn money per-seconds.

emmanuelewumi:


Banks that are declaring profit after tax of about N200 billion, will not find it difficult paying audit fees of N500 million.

Sameway OCEANIC. INTERCONTINENTAL . AFRIBANK. BANKPHB. ALLSTATES TRUST BANK were all declaring INCREDIBLE AUDIO PROFITS today where are they.

Let's cautious ourselves and stop believing the unbelievable.

PETERiCHY:


OANDO at current price of N2.70k is a no no for me

Remember oil companies with track records are taking a hit let alone OANDO with over N200Billion debts hanging on their neck.

To be on a safe side its better to buy at circa N2.00 and sell at circa N2.40k

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

It is strong men that buy Oando, Japaul, Unity Bank etc I don't have strength for such stocks

PETERiCHY:


Sameway OCEANIC. INTERCONTINENTAL . AFRIBANK. BANKPHB. ALLSTATES TRUST BANK were all declaring INCREDIBLE AUDIO PRaOFITS today where are they.

Let's cautious ourselves and stop believing the unbelievable.

They all gave more than enough notice, unless you could not see the signs. I was not trapped in any of those banks. I got out of Intercontinental bank at N40, got out of Oando at N25 due to procastination and emotional attachment to the stock. Oando showed signs at around N50 but I ignorantly held on.

It is very difficult for a business to go under over night

Having read some of the submissions on monitoring daily price movement or not, I must say I've learnt few things along the line.
Anyway, fyi, I used to do this for myself cos it's convenient for me.
I only extend this to the forum as a way of contributing or giving back in my own little way.
I understood daily updates didn't sit well with some, maybe at one time or the other they allowed emotions to have a better part of them and took some wrong decisions based on it but let me remind you that, as a trader and jijo-ist, it's really in order with me. I'm happy few people benefitted from this as well, that's such a relief.
I will withdraw the service to myself again, after-all majority are registered with digital broker and can do this themselves too. Besides, it's not like I get paid for giving updates anyway.
Make Una no vex.

NB: Boss Seyisanya , Oga Chibuking81 , Sir Rebekah, oga Oakpearl and of cos, Sir Pluto09 I appreciate your contributions, I've learnt from your "for and against'. Really helpful.

the Italian, and only person who tested positive for coronavirus in Nigeria is fast recovering and eating a local meal, “Amala”.

https://www.nairaland.com/5719534/coronavirus-italian-patient-recovering-well#87176772

Abeg make this Italian man do release our WAPCO results

http://www.nse.com.ng/Financial_NewsDocs/29290_STANBIC_IBTC__HOLDINGS_PLC_FINANCIAL_STATEMENTS_MARCH_2020.pdf

dividend N2

PETERiCHY:


OANDO at current price of N2.70k is a no no for me

Remember oil companies with track records are taking a hit let alone crooked WALE coy OANDO with over N200Billion debts hanging on their neck.

To be on a safe side its better to buy at circa N2.00 and sell at circa N2.40k

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Lol.. time flys

chai! peter don pay school fee tire in d past

newbie take note


VV
vv
v

... that single over 4million GTB purchase

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/29290_STANBIC_IBTC__HOLDINGS_PLC_FINANCIAL_STATEMENTS_MARCH_2020.pdf

dividend N2

For me and my household when it comes to the Nigeria banking sector.

1)STANDARD CHATERERED
2)CITIBANK and
3)STANBIC-IBTC financials are the most trusted others what you see you take.

PETERiCHY:


For me and my household when it comes to the Nigeria banking sector.

1)STANDARD CHATERERED
2)CITIBANK and
3)STANBIC-IBTC financials are the most trusted others what you see you take.

But Standard Chartered and Citi Bank are private businesses, they are also niche players in the banking sector

PETERiCHY:


For me and my household when it comes to the Nigeria banking sector.

1)STANDARD CHATERERED
2)CITIBANK and
3)STANBIC-IBTC financials are the most trusted others what you see you take.

Have you calculated the dividend yield?

This was a stock i bought for N15 during their board room wahala.

Mcy56:


NB: Boss Seyisanya , Oga Chibuking81 , Sir Rebekah, oga Oakpearl and of cos, Sir Pluto09 I appreciate your contributions, I've learnt from your "for and against'. Really helpful.

@Mcy. we might not say it or quote you, but your presence here can't be underrated. The very fact that amongst a male dominated thread, you are the only consistent female that has a strong footing here is enough to be commended. ( In developed countries where intangibles like this are cited, you will be preped for top leadership positions in multi nationals).

Please keep doing what you are doing. people will always have opinions and they are entitled to it by the way but don't let it affect you. you will be really missed if you leave us