Biafran4life:
You believe everything you read on paper.In 3 states I have family,they are not observing it.My kids are going to school tomorrow as they have exams.And our church services still held with full capacity.

that man like to carry those kind news regular

Once upon a time, we wished and salivated at the prospect of having premium stocks like Zenith and GTB and many more at subs N16 and N19 respectively.

Now by divine providence, it has been placed on our lap according to our wishes and we are scared to buy.

When do we then want to make this money even?

OakPearl:
Once upon a time, we wished and salivated at the prospect of having premium stocks like Zenith and GTB and many more at subs N16 and N19 respectively.

Now by divine providence, it has been placed on our lap according to our wishes and we are scared to buy.

When do we then want to make this money even?

''Scared money don't make no money'' - Not me.

OakPearl:
Once upon a time, we wished and salivated at the prospect of having premium stocks like Zenith and GTB and many more at subs N16 and N19 respectively.

Now by divine providence, it has been placed on our lap according to our wishes and we are scared to buy.

When do we then want to make this money even?

The Chinese Government recently cancelled a deal of someone that wanted to buy out a whole company @ this period in time...................... those that understand value are keying in..................I believe its only daily stock traders, speculators and those in ill health now that are afraid of the current market dynamics

DeRuggedProf:


Do they pay unapproved dividends?

By the time the AGMs can hold(when the effects of COVID-19 may have started to show), I hope they will not slash the proposed dividends or cancel them altogether? Uncertainties cropping up everywhere ...

chillykelly86:


By the time the AGMs can hold(when the effects of COVID-19 may have started to show), I hope they will not slash the proposed dividends or cancel them altogether? Uncertainties cropping up everywhere ...

Unfortunately, that might be the reality. Many coys out here have cancelled their dividends altogether. It wouldn't be unusual for Nigerian companies to do likewise.

yom2:
bros abeg refer some of these cases make we find better agbo iba give them drink. I get one concoction joint for my area here. 1 shot of hot agbo and shepe will damage the virus

If you know say you and the agbo no dey fear, why you dey ask for 1 case referal? Simply mobilize one batallion of agbo special ops and storm the infectious diseases center in Yaba

Abeg, na joke oo

thesilentone:


Unfortunately, that might be the reality. Many coys out here have cancelled their dividends altogether. It wouldn't be unusual for Nigerian companies to do likewise.

Na wa ooo, money wey don enter budget tentatively?

tunene66:


African Prudential don postpone theirs o

Afriprud, Afriland and United Capital have all notified of cancellation. All notifications came from Afriprud. Surprisingly, UBA has not sent cancellation notification.

chillykelly86:


Na wa ooo, money wey don enter budget tentatively?

I like the word 'tentatively'. Even the Nigerian govt reduced their budget, you might 'tentatively' do likewise.

millennium2012:
On a serious note now bro, it seems you're creating unnecessary panic where there's none.

No one have died of COVID-19 yet in Nigeria.
Something is fishy.

Please Don't make it worse than it is.

Moreover every decline on fundamentally sound stocks is an opportunity for longtime investors to increase their stakes and make more money.

Like Oracle and others have rightly said, the lower it falls, the better.
Fingers crossed.

in fact the manner of reactions I see left and right one would think that the earth is under alien attack from mars and half of the earth population is gone. I don't know if its a media stunt. Reminds me of that my child hood cartoon story 'voltron defender of the universe'

RabbiDoracle:





Dividends have been approved by the management of the companies and that was why it was markdown from the share price. I believe they will pay. If you shift AGM date, will you reverse markdown?

I think there was an insurance company that shifted AGM in the past (Nem I guess) but dividend was paid on the same stated date.

AGM will be to discuss and vote other issues.

This is very reassuring. Thanks Sir

Biafran4life:
When you talk, it will sound as if you are against divergent view.The guy is only sharing fear and panic.Then you ask yourself to what end . living in fear is worst than fear it self.This guy case is becoming worrisome.It is beyond NSE activities

lol

chillykelly86:


Afriprud, Afriland and United Capital have all notified of cancellation. All notifications came from Afriprud. Surprisingly, UBA has not sent cancellation notification.

them dey mad ni. Make them no try am o.

millennium2012:
On a serious note now bro, it seems you're creating unnecessary panic where there's none.

No one have died of COVID-19 yet in Nigeria.
Something is fishy.

Please Don't make it worse than it is.

Moreover every decline on fundamentally sound stocks is an opportunity for longtime investors to increase their stakes and make more money.

Like Oracle and others have rightly said, the lower it falls, the better.
Fingers crossed.

You guys should calm down; to make the best investment decisions(whether buy, sell, hold, wait, etc), you need to factor in as many views and perspectives as possible. I know the effect of such seeming negativity if one is already in the market. Yes, there are a good number of monkey hunters. But then the diverse views and perspectives actually add beauty and depth to this forum, so please resist the temptation to stifle any contrary voice; it won't help on the long run.

NB: I'm also in the market. Now about 27% invested, 73% cash.

OakPearl:
Once upon a time, we wished and salivated at the prospect of having premium stocks like Zenith and GTB and many more at subs N16 and N19 respectively.

Now by divine providence, it has been placed on our lap according to our wishes and we are scared to buy.

When do we then want to make this money even?

Thanks so much

thesilentone:


Your time horizon is where your answer lies. If you have a long term (a subjective use) horizon, you should be fine due to your entry price. If you have a short term horizon, how short is short? Could it sell for less? Yes. Could it also go up? Yes. However, only two people can give you the perfect answer -God and a liar. Keep this question in mind: Is Zenith a sound, fundamental stock? if you answer in the affirmative, then don't worry about the price drop.

Hope this helps.

God help us . Thank u sir

IYGEAL:


Portfolio wiped out?

I assure you, it won't happen (in the voice of Trump).

millennium2012:
On a serious note now bro, it seems you're creating unnecessary panic where there's none.

No one have died of COVID-19 yet in Nigeria.
Something is fishy.

Please Don't make it worse than it is.

Moreover every decline on fundamentally sound stocks is an opportunity for longtime investors to increase their stakes and make more money.

Like Oracle and others have rightly said, the lower it falls, the better.
Fingers crossed.

I don't think he is causing panic. Probably he is looking at the worst case scenarios.

Like in the country where I live, schools and businesses have been closed, embassies closed, banks work like half day. There is a limit to gatherings.

Some businesses are regarded as essential and must open. Pharmacies, supermarkets, banks, fuel stations. Only non-essential businesses could be told to close.

Once this start to happen all over Nigeria, expect a hit on Q2 2020 data in all companies.

Advice : separate investment money from upkeep money. Everyone should have emergency fund they can tap into for upkeep.

The last 2 weeks low in banks is yet to be seen again. People should stick to buying low. Don't chase price. I love panic sellers.

akinola98:
Good morning , pls advise me :-

I was due for my first coupon payment on my 2036 FGN bond last Wednesday (18/3/20) but not paid it is still yet to be paid, making me worried
Could there be an issue or the FGN is no longer paying Or what do u think ?
Thanks for responses

Can someone please confirm this?

Is anyone in the same boat with this oga

yom2:
them dey mad ni. Make them no try am o.

No event will hold in this current situation...

from May hopefully thing will look good!

wamiikechukwu:
Hello everyone.

Good day

Please I want to be investing a fraction of my funds monthly and I figured I should start buying shares.

I already have an idea on how the financial market operate, I have trade forex for some time now but lost the account due to this Corona virus news.

I would appreciate if someone can please share some useful links to me to get started.

I would also be pleased if someone can recommend a reputable broker to use.

Thank you in advance, I am indeed grateful.

Go online, read everything on investopedia. As you read and scroll to the end, it shows you other topics to read.

Keep reading until you master it.

chillykelly86:


By the time the AGMs can hold(when the effects of COVID-19 may have started to show), I hope they will not slash the proposed dividends or cancel them altogether? Uncertainties cropping up everywhere ...

Only those in the hospitality and tourism sector of foreign companies cut or stopped dividends. Because they were worst hit.

You can't cut what you the exchange has markdown.

thesilentone:


Unfortunately, that might be the reality. Many coys out here have cancelled their dividends altogether. It wouldn't be unusual for Nigerian companies to do likewise.

Those in hospitality, tourism, travel and shale oil companies.

Others will need to increase their dividends sef. Like pharmaceutical, listed supermarkets, online markets, online education services, telecoms, video streaming services etc.

chillykelly86:


Na wa ooo, money wey don enter budget tentatively?

If Afriprud shareholders receive theirs today, all others will receive theirs.

Lol.
This really is not the end of the world.

I really pity the newbies here, who doesn't know how the game is being played.

Worse than Coronavirus had been here before and people scaled through.

Am very optimistic that this shall definitely pass away, and normalcy will return with time.

It's well with us all.

yom2:
in fact the manner of reactions I see left and right one would think that the earth is under alien attack from mars and half of the earth population is gone. I don't know if its a media stunt. Reminds me of that my child hood cartoon story 'voltron defender of the universe'

RabbiDoracle:


I don't think he is causing panic. Probably he is looking at the worst case scenarios.

Like in the country where I live, schools and businesses have been closed, embassies closed, banks work like half day. There is a limit to gatherings.

Some businesses are regarded as essential and must open. Pharmacies, supermarkets, banks, fuel stations. Only non-essential businesses could be told to close.

Once this start to happen all over Nigeria, expect a hit on Q2 2020 data in all companies.

Advice : separate investment money from upkeep money. Everyone should have emergency fund they can tap into for upkeep.

The last 2 weeks low in banks is yet to be seen again. People should stick to buying low. Don't chase price. I love panic sellers.

Perhaps I must have misunderstood him.

The bolded is the key thing here. Well said bro.

We shall all be fine las las.

NSE should just suspend trading till when this covid is over.Do they take delight in seeing investors fund go to drain?

stcool:


No event will hold in this current situation...

from May hopefully thing will look good!

OK o

naturalflow:
NSE should just suspend trading till when this covid is over.Do they take delight in seeing investors fund go to drain?

And those with cash should do what?

This is an opportunity for those of us with cash to continue buying lower.

RabbiDoracle:


And those with cash should do what?

This is an opportunity for those of us with cash to continue buying lower.

what is your networth?can you buy all sharesoutstanding of GTB?

naturalflow:
NSE should just suspend trading till when this covid is over.Do they take delight in seeing investors fund go to drain?

The suspension will cause more danger once it reopen. You might see straight 10% red for consecutive 5 trading days once shut down and reopen. American didn't shut down their trading, and Nigeria will likely not.