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

You still have opportunity to bail out today, at any sight of bid, and reenter at lower lower price.

Chibuking81:

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.

They should not shut down. worst case scenario, all stock will trade at 0.20k.

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.

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

Chief meaning repeat/reset?

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.

Please do update me on the situation of school close in those 3 state, by the end of today.

Anything could happen. It is no longer about 10% Green/ Red. It is about public health.

Chibuking81:

You still have opportunity to bail out today, at any sight of bid, and reenter at lower lower price.

sellydion:
Anything could happen. It is no longer about 10% Green/ Red. It is about public health.

I know it's all about health, that's why I like to update people on the current happening. Many will not have been victim of 2008 economic meltdown if there was proper publicity during that period, many would have bail out, without losing almost everything. Once one completely depending on positive news, he/she will end up finding oneself in the hospital bed.

Chibuking81:

You still have opportunity to bail out today, at any sight of bid, and reenter at lower lower price.

Take it easy bro.
While I believe the effect of corona virus will be very severe in Nigeria both in health and economic output,I think you should tone down how you predict what will happen with stocks.
There is no need for people holding fundamentally sound stocks to panic sell..

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

What an irrelevant question, dear.

robobo:


Chief meaning repeat/reset?

My point is Zenith at 10.85 (last low) has not been seen again. Until that happens, then I will know that there is a possibility of a lower low.

It closed 11.85 on Friday. I will wait to see if it can be offered at 10.70 today (full offer).

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

But we can buy from those that a selling.

Only afolabi unit.

RabbiDoracle:


My point is Zenith at 10.85 (last low) has not been seen again. Until that happens, then I will know that there is a possibility of a lower low.

It closed 11.85 on Friday. I will wait to see if it can be offered at 10.70 today (full offer).

ok clearer. I doubt that though, cos while things are still bad and seemingly getting worse, however unlike during the first panic, the outlook (mid term) seems clearer when compared to the first panic. Thanks

maishai:
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

my own advice is that people should just keep buying at their desired prices, madness cant last forever.

Fidelity have dropped their audited financial statements with a proposed dividend payment of 0.2 kobo, is that a good result @rabbidoracle @onegentleguy

IYGEAL:


What an irrelevant question, dear.

face your front.

ebuka1997:
Fidelity have dropped their audited financial statements with a proposed dividend payment of 0.2 kobo, is that a good result @rabbidoracle @onegentleguy

20kobo.people have already reacted to the result.

It's a positive one but Covid-19

ebuka1997:
Fidelity have dropped their audited financial statements with a proposed dividend payment of 0.2 kobo, is that a good result @rabbidoracle @onegentleguy

It's a very good result cos they paid 11kobo in 2018 FYE.....but the situation on ground wont allow for positive response to the share price for now.
This is an opportunity for dividend hunters to target lower price to enter.
They ought not to release the result now self......buy good for bargain/dividend hunters anyway.

Ecobank Grows Earnings by 9% to N843bn in 2019
https://businesspost.ng/economy/ecobank-grows-earnings-by-9-to-n843bn-in-2019/

Seplat Suffers 6.2% Revenue Shortfall in FY'19
https://businesspost.ng/economy/seplat-suffers-6-2-revenue-shortfall-in-fy19/

NAICOM Stops Insurance Companies from Foreign Operations
https://businesspost.ng/economy/naicom-stops-insurance-companies-from-foreign-operations/

CBN to Support Fidson, GSK, Others, With N3.5trn
https://businesspost.ng/health/cbn-to-support-fidson-gsk-others-with-n3-5trn/

Chibuking81:
@ RabbiDoracle
Is like I collected the mic from you, instead of giving it to Mcy56, let me handle it this period, but will still hand it over when the time come

Well done sir.
Na your time.

dipoolowoo:
Ecobank Grows Earnings by 9% to N843bn in 2019
https://businesspost.ng/economy/ecobank-grows-earnings-by-9-to-n843bn-in-2019/

Seplat Suffers 6.2% Revenue Shortfall in FY'19
https://businesspost.ng/economy/seplat-suffers-6-2-revenue-shortfall-in-fy19/

NAICOM Stops Insurance Companies from Foreign Operations
https://businesspost.ng/economy/naicom-stops-insurance-companies-from-foreign-operations/

CBN to Support Fidson, GSK, Others, With N3.5trn
https://businesspost.ng/health/cbn-to-support-fidson-gsk-others-with-n3-5trn/

Health sector will record impressive performance in Q1,2,3 and 4.

All na illiquid stocks

Blood everywhere

Bear gang, una food don ready ooo . Unfortunately, una still no go buy even if GTB and Zenith reach N0.20. Na so so commentary way no help una go dey do upandan like say we no know say coro dey 9ja and total lockdown dey imminent..smh

Princkez:
Blood everywhere

As expected. That is why its advised you buy in bits.

Princkez:
Blood everywhere

I thought Gtbank dey form anti Covid19 before.

seyisanya:
Bear gang, una food don ready ooo . Unfortunately, una still no go buy even if GTB and Zenith reach N0.20. Na so so commentary way no help una go dey do upandan like say we no know say coro dey 9ja and total lockdown dey imminent..smh

Fear no go allow many people buy good stocks at almost give away prices...

Zenith back to the car park where it picked some passengers in the first trip.
I couldn't follow the first trip but I don jump inside the second round trip now, we see how it goes.

seyisanya:
Bear gang, una food don ready ooo . Unfortunately, una still no go buy even if GTB and Zenith reach N0.20. Na so so commentary way no help una go dey do upandan like say we no know say coro dey 9ja and total lockdown dey imminent..smh

Lol. Analysis, paralysis, permutations and combinations.

Mcy56:
Zenith back to the car park where it picked some passengers in the first trip.
I couldn't follow the first trip but I don jump inside the second round trip now, we see how it goes.

You jump too early.

Chibuking81:

You jump too early.

Ok, but the junction is still a bit safe to average down.

Chibuking81:

You jump too early.

Its like you this man wants to buy it at N0.20....I doubt if you even have any stocks at all because you are just a panic-merchant on this forum.

Mcy56:
Zenith back to the car park where it picked some passengers in the first trip.
I couldn't follow the first trip but I don jump inside the second round trip now, we see how it goes.

Ma, you're doing well. Abeg no listen to that person wey the first syllable of hin moniker start wiv Davido's girlfriend name.

Chibuking81:

You jump too early.

Too much of everything is bad sir

U must not be talking always

Only parrot were created to do that