soloniger:
BNSITL I am back.
Happy to meet you once again.

Welcome Myjoy aka Godisfaithful

Exactly. I watched Brent slide downwards when the news of 10Mbpd cut broke out. 20Mbopd was expected; this isn't good enough!

sophy17:


10 million bpd production cut is not good enough. The excess production that brought down the oil price waa in that range before covid 19 pandemic increased it to about 20 million bpd due to world inactivity.
So the production cut needed now is about 20million bpd. This present agreement can only stop further crash and perhaps hedge it a little except there are clear signals that the worst of covid 19 is over.

ositadima1:


I haven't sold anything yet but this is for buy

And I’ve been paying 1.35% both buying and selling on Afrinvest... I’ll think about leaving if I ever sell stocks and withdraw my money.

locodemy:


Go to Google playstore and download into your mobile device.

How much are you guys paying me tonight?

Enjoy now wey drink dey my eyes.
Mcy is the best to attend to you guys.

iOS is for the iPhone OS which doesn't install apk files downloaded from Google Play Store. Apparently he needs to invest in an Android phone.

With the fall in oil prices despite the cuts, all I can say is "wahala dey oh"

locodemy:


Why will an old man who is suppose to use his gratuity to open a beer palour for daily income use the money for jijo?

Not even stock investment.

Do you want him dead before his time?

ositadima1:
Please o, I have a question.

Can someone live by doing jijo alone, all year round? Assuming that someone has substantial seed money.

God bless ur hussle d day market decide to face south. U will see 1million turn to hundred k. Then u will remember ur employer!!

Good morning members. Thank you for your kind advise on my portfolio.

Krisuba:


God bless ur hussle d day market decide to face south. U will see 1million turn to hundred k. Then u will remember ur employer!!

He will combine his JIJO with monkey hunting, once he buys a stock he will.hype the stock here and every other media as some people do here, when the stock gains 10% he will sell and book profit. He will hype the stock for the uninformed and follow follow Investors to buy, but won't hype the stock when he will quitely sell

He can't do this for long before people will understand his game plan

Mcy56:


All those giving you advice don't know you're just troll.ing.
Screenshot of the loss position or idonbilfit.

I do not audio trade.

emmanuelewumi:



He will combine his JIJO with monkey hunting, once he buys a stock he will.hype the stock here and every other media as some people do here, when the stock gains 10% he will sell and book profit. He will hype the stock for the uninformed and follow follow Investors to buy, but won't hype the stock when he will quitely selling.

He can't do this for long before people will understand his game plan

To me jijo is stressful.

I respect the ogas doing it.....maybe they are gifted in it.

We now have people that hype stocks, just like in 2008, for them to cash out. At minimum, everyone should know how to calculate dividend yield and buy stocks that fit in to your expected yield. If capital gains then happen, you can sell.
Be careful who you follow on this thread. I follow Pa Emmawunmi

Always choose a trading style that fits your personality.Some people like to sleep well at night.

Krisuba:


God bless ur hussle d day market decide to face south. U will see 1million turn to hundred k. Then u will remember ur employer!!

Starting with millions in jijo or trading is suicidal.
If he wants to learn, he should start small and with time he will be able to tell by himself if jijo can sustain somebody or not.

https://www.google.com/amp/s/www.businessamlive.com/redstar-express-issues-new-shares-to-boosts-capitalization/amp/

Explains the drop in price and recent liquidity...

Bomboclad:
Exactly. I watched Brent slide downwards when the news of 10Mbpd cut broke out. 20Mbopd was expected; this isn't good enough!

Relax. The low for Brent now will be around $28. It has gone off from the lowest price and will either stay around 28 or move higher.

The cut is a good signal. Other high cost shale producers will naturally shutdown and supply will reduce as well.

Lovinwa:
I sent requests to my brokers on Tues, Wed and today to purchase some shares (usually sent btw 11am and 12pm) at a price but they delay for hours and towards close of biz the stock will rise and my requests won't be treated.
I want to request for online access, is it possible to enter my requests online and still send the same request to my broker so that I don't miss out on Tuesday? Will there be an issue if I request and also do same from their end?

Who is your broker to start with?
After they refused to buy the first day, why not call them to register your displeasure?

To your question, if your broker is an analogue type that doesn't operate digital platform, I'm sorry you have no choice than to be at their mercy, you have to keep sending mandate and just follow it up with calls or visitation to their office if you're close by.
If you can enter the request yourself, why sending mandate in the first place? That's if they have "trade yourself platform".

For the last question, if it's possible for you to send them mandate to buy/sell for you and you still trade yourself, there's no issue than the fact that you will have double of the quantities you wish to buy, that's if you have enough fund to cover it in your acct.

Note:
* Once prices are going up, your brokers too will be much more concerned with accumulating their quantities too, hence their needs and that of their deep pocket customers takes priorities first.
What this means is that your mandate cc

Lovinwa:
I sent requests to my brokers on Tues, Wed and today to purchase some shares (usually sent btw 11am and 12pm) at a price but they delay for hours and towards close of biz the stock will rise and my requests won't be treated.
I want to request for online access, is it possible to enter my requests online and still send the same request to my broker so that I don't miss out on Tuesday? Will there be an issue if I request and also do same from their end?

Who is your broker to start with?
After they refused to buy the first day, why not call them to register your displeasure?

** To your question, if your broker is an analogue type that doesn't operate digital platform, I'm sorry you have no choice than to be at their mercy, you have to keep sending mandate and just follow it up with calls or visitations to their office if you're close by.
** If you can enter the request yourself, why sending mandate in the first place? That's if they have "trade by yourself platform".

** For the last question, if it's possible for you to send them mandate to buy/sell for you and you still trade yourself, there's no issue than the fact that you will have double of the quantities you wish to buy (should they execute it), that's if you have enough fund to cover it in your acct.

Note:
* Once prices are going up, your brokers too will be much more concerned with accumulating their quantities too, hence their needs and that of their deep pocket customers takes priorities first.
What this means is that your mandate comes second, they may attend to it when the prices have gone up already and 'they're less busy'.
** Open another account with a digital broker so you can trade by yourself, that's IF they don't operate digital trading.(must be with same CHN though).
** If they have digital platform, learn to trade by yourself.

Hi everyone, please what's the link to seeing candlestick patterns for individual stocks on NSE?
Thanks for your anticipated response

Tvegas:
And see me beating myself up for buying huge ZenithBank at N13.50, i even sold some at N13 thinking i can enter again at N11. We truly cant time the market and we are all learning.

The round trips deceived you shey? You may join the N5 gang at their bus stop to waith for it anyway.

Na condition make Zenith's crayfish to bend nah. Even at the current price, 14, it's still a buy.......barring any unforeseen circumstance(s) .

ebuka1997:
Thanks to everyone that showed us the way on this forum, including those with bearish predictions. @ogg @rabbidoracle @mcy56 @seyisanya and all other ogas

Thanks for the mention dear. Na my bosses try pass.
OGG, Pa Emma and Oga Rabbi are the real MVP during these period.

ositadima1:
Please o, I have a question.
Can someone live by doing jijo alone, all year round? Assuming that someone has substantial seed money.

Don't give yourself unnecessary HPB o, 100% jijo is not advisable. There are some months that the prices will just remain somehow 'static".
It's possible anyway but there's more to this..... emotional stability, enough time, etc.
Try and go through some of Pa Emma's posts, you will learn some things there.

I just hope this oil war is over yet.

https://nairametrics.com/2020/04/10/opec-deal-in-jeopardy-as-mexico-refuses-to-accept-production-cuts/

locodemy:
Why will an old man who is suppose to use his gratuity to open a beer palour for daily income use the money for jijo?

Not even stock investment.

Do you want him dead before his time?

Loco, you're not serious o. Chai!
Pastor must hear this.

Seunn11:
I do not audio trade.

Na so.
You fit wait for your loss to reach 5M, not to talk of 30M+ before you do something about it?
Maybe you're Buhari's son sha, abeg share the covid loot and relief items reach my side too, I dey humble o.

Krisuba:
God bless ur hussle d day market decide to face south. U will see 1million turn to hundred k. Then u will remember ur employer!!

This can't happen to real jijoist, immediately it faces south, jijoist jumps out with little haircut, which may just be the fees paid to buy/sell.

Mcy56:

The round trips deceived you shey? You may join the N5 gang at their bus stop to waith for it anyway.

Na condition make Zenith's crayfish to bend nah. Even at the current price, 14, it's still a buy.......barring any unforeseen circumstance(s) .

Lol, except for a natural disaster or war that expectation of Zenith at N5 was just illogical. Thanks for the caution from folks here especially RabbidOracle and emanuelewumi we for still dey wait.

Expose on Larfage from ARM below. I wish I have spare cash.

Earlier this week, Lafarge Africa Plc (WAPCO) released its FY 19 result which showed growth in PAT by 91% YoY to N15 billion. At the crux of the company’s performance during the year was the plunge in finance cost (-51% YoY), as expensive debts were taken off the company’s books following the sale of LSAH and the maturity of the first tranche of its bond. Further on the positive, we noted a decline in the admin cost (-29% YoY) thanks to improved terms on the technical fee agreement with the parent company, which drove the fees down by 39% YoY.

However, we found the company’s Q4 19 performance disappointing. The quarter’s performance was littered with low sales (despite an increase in promotional activities), increased promotional expenses, depressed margins and a higher tax charge. As a result, the company suffered an operating and after-tax loss of N569 million and N5 billion in the quarter, respectively. Away from the income statement, we noted the improvement in Lafarge’s cash flow in FY 19, with CFO and FCF growing 2.9x and 30x from FY 19 to N80 billion and N57 billion, respectively. WAPCO declared dividend of N1 which translates to a yield of 8% on current pricing.

Going forward, we have revised our expectation on earnings lower, especially for 2020. Our major adjustment was the revenue line, in light of the economic shut down that followed the COVID-19 outbreak. It is worth stating that while this is bound to affect the topline of all the cement players at this time and it is more so for Lafarge, given its concentrated markets and factory in the west which have particularly been hit by the economic shutdown. Thus, we forecast decline in volumes by 6% YoY to 4.6MT with a capacity utilization rate of 45% (vs 48% last year). Bulk of the decline is expected to occur over the first half. On the other hand, we see little room for any maneuvering in prices this year, especially after the rebates and promotional activities in Q4 19 failed to yield an increase in market share (unlike DANGCEM). Overall, we expect revenue will be drop by 8% YoY to N196 billion in 2020.

Overall, we project drop in PBT by 29% YoY to N13 billion. Lafarge is expected to enjoy the last year of the pioneer tax benefits on its Mfamosing line in 2020. This will keep effective tax rate down at 15% (vs statutory 30%). Thus, we estimate a decline in PAT by 30% to N11 billion, translating to an EPS of N0.73 (2019: N0.96). Asides the adjustments to our earnings estimates, we reduced the risk-free rate in our valuation lower to 12% from 15% and increased our risk premium to 6.5% (previously 6%). Based on the foregoing, we have revised our FVE on WAPCO lower to N19.41 from N23.59, which still translates to a BUY rating based on current market pricing. This translates to 86% upside from current pricing of N12.65 which has dropped 17% YtD. The upsides to our estimates would lie in: (1) getting approval for a 2-year extension on the pioneer tax credit from NIPC beyond 2020 and (2) should the planned capex on the Ashaka power plants and de-bottle necking. WAPCO’s forward P/E prints at 17x, a premium to Bloomberg MEA peer average of 13.2x.

Guys i have looked some pages (almost 50 pages out of the almost 6000 pages) and done my own research your expertise and advise is highly needed. I want to switch to an Online trading platform but not sure which offers the best in terms of charges, customer service, easy to user web/mobile app and prompt action. Some online platforms seem to have different NSE, CSCS and SEC charges which i presumed should be the same. See my shortlist below;

1. Morgan Capital
2. Stanbic Ibtc (I am aware they need 5mm to open account)
3. Chaka
4. ArmStockTrade
5. leadtrader
6. Cardinal Stone (I am aware they need 1mm to open account)
7. CSL stockbrokers
8. Meritrade

Thanks in advance

I learnt some freshers wants to start JIJO, you are gifting Stockbroker your money.

If got Zenith @ N10 don't JIJO with it o.

smitten99:
Guys i have looked some pages (almost 50 pages out of the almost 6000 pages) and done my own research your expertise and advise is highly needed. I want to switch to an Online trading platform but not sure which offers the best in terms of charges, customer service, easy to user web/mobile app and prompt action. Some online platforms seem to have different NSE, CSCS and SEC charges which i presumed should be the same. See my shortlist below;

1. Morgan Capital
2. Stanbic Ibtc (I am aware they need 5mm to open account)
3. Chaka
4. ArmStockTrade
5. leadtrader
6. Cardinal Stone (I am aware they need 1mm to open account)
7. CSL stockbrokers
8. Meritrade

Thanks in advance

Sir/ma, please open your account with Morgan Capital and save yourself unnecessary research time. I will advise you to now channel your energy to research companies you intend to invest in. All the best!