seyisanya:
The same cash is king cliché that made so many miss Zenith, GTB, UBA, Nestle, DANGCEM, MTN etc when they bottomed out

Haba dont blame my people, as the cash is king geng were repeating their doomsday prophecies people like Oracle and Emma were preaching the gospel of peace. Anybody who didnt buy because of the crew didnt want to buy .

seyisanya:
The same cash is king cliché that made so many miss Zenith, GTB, UBA, Nestle, DANGCEM, MTN etc when they bottomed out in March. Well, I'm also waiting for Zenith at N5 and GTB at N7 or even 20kobo( ). However, note that before this scenario plays out, some of us would have increased our cash reserves and join the #CashIsKing geng later in the year.

While they were kinging with their cash we were accumulating DangCem from Km 118. By June we’ll cash out in dividends and capital appreciation.
Men have done about 2-rounds of 10-10% in GTB and Zenith since April.
Well, if you choose to be in this market the two things you need to balance are Fear and Greed.

dinyelutochukwu:


While they were kinging with their cash we were accumulating DangCem from Km 118. By June we’ll cash out in dividends and capital appreciation.
Men have done about 2-rounds of 10-10% in GTB and Zenith since April.
Well, if you choose to be in this market the two things you need to balance are Fear and Greed.

I joined the train at Km 140. Hope I'm not too late?

MrDiligence:


I joined the train at Km 140. Hope I'm not too late?

It all depends on your plan.
Mine is to collect the dividend and thereafter transfer my kaya to the long termers.
But 140 is a good buy in my opinion, we expect the stock to trade above 170 by next week.
CAVEAT: this is not a buy/sell recommendation.

dinyelutochukwu:

It all depends on your plan.
Mine is to collect the dividend and thereafter transfer my kaya to the long termers.
But 140 is a good buy in my opinion, we expect the stock to trade above 170 by next week.
CAVEAT: this is not a buy/sell recommendation.

Thanks for the encouragement. I'm a newbie attracted by dividend. Smiles(intended to use emoticon but don't know how to)

http://www.nse.com.ng/Financial_NewsDocs/29979_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Total now 35m sold by same guys (Edited)

http://www.nse.com.ng/Financial_NewsDocs/29989_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

dinyelutochukwu:

It all depends on your plan.
Mine is to collect the dividend and thereafter transfer my kaya to the long termers.
But 140 is a good buy in my opinion, we expect the stock to trade above 170 by next week.
CAVEAT: this is not a buy/sell recommendation.

Anybody that bought during lockdown us sitting on a handsome pool of profit now........ But I employ u to wait especially GT and Zenith faithfuls, the announcement of interim dividend no matter how small will give it Mario speed to km26 and km31 respectively

Good morning house, I have be following this thread with keen interest, I find it very inspiring. I recently submitted my E-mandate form to Cardinal stone registrar for my Wapco dividend. I woke up this morning to this debit alert on my account. But what shocked me was I received same debit alerted N157 4 times. Is this the norm? I would be grateful if anyone can share his experience. Than you

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/29979_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Total now 25m sold by same guys

its either they need money urgently or they have seen something that is really scary. But make no mistake, UACN's and its subsidiary's numbers have been going down yearly.

seyisanya:
The same cash is king cliché that made so many miss Zenith, GTB, UBA, Nestle, DANGCEM, MTN etc when they bottomed out in March. Well, I'm also waiting for Zenith at N5 and GTB at N7 or even 20kobo( ). However, note that before this scenario plays out, some of us would have increased our cash reserves and join the #CashIsKing geng later in the year.

Cash is King and will always be king. The cash can be in highly liquid asset, or cash flow from income generating assets. Cash is King does not mean you won't buy investments or income generating assets.

Ability of the investment or asset to generate steady cash will be the basis of committing funds

https://www.nairaland.com/5856347/firstbank-cardholders-record-1.18-trillion

FBNH insiders are buying. FBNH electronic transaction is gaining traction.

What more

PharmAlfred:
https://www.nairaland.com/5856347/firstbank-cardholders-record-1.18-trillion

FBNH insiders are buying. FBNH electronic transaction is gaining traction.

What more

They need an Indian CEO in First Bank, he will save costs. I won't be surprised if he gives us a profit after tax of N300 billion from the over N600 billion revenue of First Bank. That will be an EPS of about N8.00.

First Bank is too wasteful with resources and opportunities.

A lot of banks GTB, Zenith inclusive are praying to have the opportunities and customer loyalty of First Bank

Mpeace:
its either they need money urgently or they have seen something that is really scary. But make no mistake, UACN's and its subsidiary's numbers have been going down yearly.

Which money are they needing urgently??! OK oo.

emmanuelewumi:




Cash is King and will always be king. The cash can be in highly liquid asset, or cash flow from income generating assets. Cash is King does not mean you won't buy investments or income generating assets.

Ability of the investment or asset to generate steady cash will be the basis of committing funds

True sir.

But, cash is king advocates here are recommending that you sell all your portfolio and hold cash. That u will still buy Zenith at 9 soon in the year.

emmanuelewumi:




They need an Indian CEO in First Bank, he will save costs. I won't be surprised if he gives us a profit after tax of N300 billion from the over N600 billion revenue of First Bank. That will be an EPS of about N8.00.

First Bank is too wasteful with resources and opportunities.

A lot of banks GTB, Zenith inclusive are praying to have the opportunities and customer loyalty of First Bank

you know that will never happen. FBN is an heritage of our financial system and the national pride to have it manned by a Nigerian is ingrained int he fabrics of the bank's culture.

I agree with you that financial recklessness and gross inefficiency is clutching the bank's ability to take back its position as true market leader in the banking industry. To achieve this feat, the board needs some serious rejigging.

MishdaFish:
Good morning house, I have be following this thread with keen interest, I find it very inspiring. I recently submitted my E-mandate form to Cardinal stone registrar for my Wapco dividend. I woke up this morning to this debit alert on my account. But what shocked me was I received same debit alerted N157 4 times. Is this the norm? I would be grateful if anyone can share his experience. Than you

Yes i got the same alert this morning.

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/29979_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Total now 25m sold by same guysf

Company wey major stockholders dey offload shares steady,that one na company? The insiders no sabi enjoy unbundling profit happening in July abi? E go do some people like film trick

I hate companies wey dey always come with bumper returns but no dey arrive. CC Caverton.

emmanuelewumi:




Cash is King and will always be king. The cash can be in highly liquid asset, or cash flow from income generating assets. Cash is King does not mean you won't buy investments or income generating assets.

Ability of the investment or asset to generate steady cash will be the basis of committing funds

Pa Emma, may you live long for NSEMPA and Tbills followers. I clearly understand your point. My argument is that it has become a cliché among some investors who now quote it in defence of their action and inaction.

gabscity:


True sir.

But, cash is king advocates here are recommending that you sell all your portfolio and hold cash. That u will still buy Zenith at 9 soon in the year.

Exactly my point!

Wigwe sold in Access bank too and heaven didn't fall. Like |Mpeace said, there reason is best known to them

meine:

Company wey major stockholders dey offload shares steady,that one na company? The insiders no sabi enjoy unbundling profit happening in July abi? E go do some people like film trick

I hate companies wey dey always come with bumper returns but no dey arrive. CC Caverton.

emmanuelewumi:


Cash is King and will always be king. The cash can be in highly liquid asset, or cash flow from income generating assets. Cash is King does not mean you won't buy investments or income generating assets.

Ability of the investment or asset to generate steady cash will be the basis of committing funds

Inflation is the enemy of Cash.

OBAGADAFFI:


Inflation is the enemy of Cash.

Your assets and Investments will respond and adjust to inflation and currency devaluation and cough out higher cash.

gabscity:


Which money are they needing urgently??! OK oo.

You should be worried if they are dumping shares into the market. Cross trades between investors at the market price shouldnt be cause for alarm

The question to ask is, who did Wigwe sell to?

debeey87:
Wigwe sold in Access bank too and heaven didn't fall. Like |Mpeace said, there reason is best known to them

emmanuelewumi:



Your assets and Investments will respond and adjust to inflation and currency devaluation and cough out higher cash.

Asset value can grow above inflation if properly positioned, but cash will not.

AIICO is about to go on full offer.
Investors are not smiling

emmanuelewumi:



Your assets and Investments will respond and adjust to inflation and currency devaluation and cough out higher cash.

This can ONLY be FEASIBLE if some of one ASSETS and INVESTMENTS are in FOREX else OYO.

BARGAIN HUNTERS TAKE NOTE!

OBAGADAFFI:



Asset value can grow above inflation if properly positioned, but cash will not.

That still doesn't negate the fact that having cash that can last you for 6 months of your expenses and having a steady cash generating assets and Investments which you can always reinvest on a regular basis is King.

Most investments requires time to appreciate or give returns, if you are not liquid you will sell too soon and regret if the same Investment now give an upside returns of 80% or more 6 months after you have sold.

Cash gives an investor the staying power and ability to buy in a down market because the market won't be down for ever

PETERiCHY:


This can ONLY be FEASIBLE if some of one ASSETS and INVESTMENTS are in FOREX else OYO.

BARGAIN HUNTERS TAKE NOTE!

Not necessary.

FBNH sighted @4.90...47m bid 12m offer

emmanuelewumi:



That still doesn't negate the fact that having cash that can last you for 6 months of your expenses and having a steady cash generating assets and Investments which you can always reinvest on a regular basis is King.

Most investments requires time to appreciate or give returns, if you are not liquid you will sell too soon and regret if the same Investment now give an upside returns of 80% or more 6 months after you have sold.

Cash gives an investor the staying power

Yes it is important to have cash for regular operations and expenses .

But the value of cash is in it purchasing powers.

Investments can close that gap by generating profits.

Any investment with 15% -20% in short-term will beat inflation.