Tvegas:
This was how i sold 100k unit of Zenith that i bought at N11 for N13. I still cant forgive myself till now. Bless your soul Rabbidoracle, you are good at what you do.

Oga you made profit nah, 2naira/unit is something. Would you have said same thing if it goes back to stcool's N5 junction?
Remember this same Zee went back to 10/11 region like thrice before steadily moving up. Always do away with regrets. Just wait for another opportunity to join the bus or look elsewhere. Shikena.

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.

There is nothing that is not possible. Last last, let people do what they want to do.

GonFreecss1:
There is nothing that is not possible. Last last, let people do what they want to do.

Welcome back sir.

Mcy56:

Welcome back sir.

Thank you dear.

Was observing for a while.

OBAGADAFFI:


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.

Don't get me wrong, I am pro investment, there is no month that I don't invest. It is what I invest in that varies.



But you can't invest all your funds to the extent that you don't have cash that can take care of emergency and then resort to selling your Investments before maturity at a loss.


Cash flow from your Investments will put you in a position to invest regularly

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

needs to retest N4.95 and retrace before the upward journey can begin.

emmanuelewumi:



Don't get me wrong, I am pro investment, there is no month that I don't invest. It is what I invest in that varies.



But you can't invest all your funds to the extent that you don't have cash that can take care of emergency and then resort to selling your Investments before maturity at a loss.


Cash flow from your Investments will put you in a position to invest regularly

Yes i understand your point.

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

Bids 50M, offers 14M as at now.
GTB retested 22, going to retest 23....

Mcy56:

Fbnh needs to move to 5.40/5.50 and balance there first........all those bids at support na gra-gra dem still dey do. They will still shift up goal post to N5.

Bids 50M, offers 14M as at now.

I still need some little quantity to round up

rebekah2011:
Hello ooooo, this is not correct

Mr Rebekah. I should have overlooked this matter but I think it's important that I comment on it.

I think it's important when you say something I posted is not correct, it's only fair to point out my error so that it can be clarified and we can move on.

The reasons being that people come here daily to shift through information in order to make investments decisions and most importantly credibility of the information posted is good to go.

The information I posted was actually not only accurate but correct as I have gone through the finance bill to recheck. to say that it isn't correct affects my credibility on this platform and thread as it means I didn't do my due diligence before posting.

The fact that you posted this morning and ignoring my earlier comment to clarify if I was in the wrong is not proper. I think it's only fair if you acknowledge your oversight so we can find closure and move on. I hope you live up to expectation as a respected member of this thread . Thank you. A snippet from the bill below

Prior to the amendment of the finance bill, all entities and companies in Nigeria have been mandated to pay company income tax on their income, but with the new amendment of the bill, micro and small enterprises are no longer automatically required to pay company income tax, where small businesses in this regard are classified as companies with an annual turnover of N25 million or less.”

Zenith Bank still on its usual snail movement parole.

Cash is KING...

How do people monitor market price day in day out for N1 price gain that disappears within same week. That's some good amount of energy that could be channelled else where.

Overall sentiment in the market is still a downtrend!

stcool:
Cash is KING...

How do people monitor market price day in day out for N1 price gain that disappears within same week. That's some good amount of energy that could be channelled else where.

Overall sentiment in the market is still a downtrend!

Cash is king advocate,
I’m sitting on 7% profit just for buying FIDSON less than an hour ago, now the stock is on full offer. Infact No Offer as we speak.
You should advocate for caution and not tell people to keep their cash in face of hyper-inflation that is imminent.

Princkez:
I still need some little quantity to round up

Don't be too emotional about any stock.

stcool:
Cash is KING...
Overall sentiment in the market is still a downtrend!

Good entry at strong support level/zone for upward journey won’t be a bad idea.

This is the time for those that miss the lockdown bear to sharpen their cutlass.

nna777:


Mr Rebekah. I should have overlooked this matter but I think it's important that I comment on it.

I think it's important when you say something I posted is not correct, it's only fair to point out my error so that it can be clarified and we can move on.

The reasons being that people come here daily to shift through information in order to make investments decisions and most importantly credibility of the information posted is good to go.

The information I posted was actually not only accurate but correct as I have gone through the finance bill to recheck. to say that it isn't correct affects my credibility on this platform and thread as it means I didn't do my due diligence before posting.

The fact that you posted this morning and ignoring my earlier comment to clarify if I was in the wrong is not proper. I think it's only fair if you acknowledge your oversight so we can find closure and move on. I hope you live up to expectation as a respected member of this thread . Thank you. A snippet from the bill below

Prior to the amendment of the finance bill, all entities and companies in Nigeria have been mandated to pay company income tax on their income, but with the new amendment of the bill, micro and small enterprises are no longer automatically required to pay company income tax, where small businesses in this regard are classified as companies with an annual turnover of N25 million or less.”  

From my knowledge they are not required to pay VAT and not income tax

Health sector a place to be now day 2

stcool:
Cash is KING...

How do people monitor market price day in day out for N1 price gain that disappears within same week. That's some good amount of energy that could be channelled else where.

Overall sentiment in the market is still a downtrend!

We thought by now zenith bank will be @ 8naira junction.
Kindly help us push it down.

dinyelutochukwu:

Cash is king advocate,
I’m sitting on 7% profit just for buying FIDSON less than an hour ago, now the stock is on full offer. Infact No Offer as we speak.
You should advocate for caution and not tell people to keep their cash in face of hyper-inflation that is imminent.

You have a sound knowledge of how to deploy your cash, more wins! In a Chess game, the king is nothing without other pieces on the board. Smart investors position for a huge return during a market downturn, while the unwise ones join the market when equities are already overpriced.

This cloud building up in FBNH should just rain.

It's been a long time coming.

Market is set for a short rally.

I think you mixed them up. Everyone is expected to pay VAT it is CIT that they may be exempted from if their income for the year falls into the small enterprise category.

Biafran4life:
From my knowledge they are not required to pay VAT and not income tax

locodemy:
Health sector a place to be now day 2

My brother, I owe this one to you.
Since that day you beamed the searchlight on the sector, I started monitoring.
I missed May & Baker, but I’m gonna ride with FIDSON.
(6Million bids - 0 Offers)

dinyelutochukwu:
I missed May & Baker, but I’m gonna ride with FIDSON.
(6Million bids - 0 Offers)

Be ready to ride healthcare stocks for medium to long term. They are seasonal and much beneficial to long termers in my opinion.
U may be lucky if you're in for short term anyway.

Caveat: strictly my opinion. I may be wrong.

leo1234:



We thought by now zenith bank will be @ 8naira junction.
Kindly help us push it down.

The bold is what I stated is not correct. Finance Bill makes provision for a company whose turnover is less than 25m to be exempted from VAT and payment of income tax. PBT- this is profit before tax. This is different from Turnover or Revenue. Please do not be offended for my non-clarification before now.

(I remember this post from last year. Some Pharmaceutical coys will churn out better balance sheet this season.

The 2020 budget favours companies whose PBT is less then #25M.
so what that means is that they will be exempted from CIT (company income tax) in 2020 and probably going forward.

Caveat - Due diligence is expected from you.

nna777:


Mr Rebekah. I should have overlooked this matter but I think it's important that I comment on it.

I think it's important when you say something I posted is not correct, it's only fair to point out my error so that it can be clarified and we can move on.

The reasons being that people come here daily to shift through information in order to make investments decisions and most importantly credibility of the information posted is good to go.

The information I posted was actually not only accurate but correct as I have gone through the finance bill to recheck. to say that it isn't correct affects my credibility on this platform and thread as it means I didn't do my due diligence before posting.

The fact that you posted this morning and ignoring my earlier comment to clarify if I was in the wrong is not proper. I think it's only fair if you acknowledge your oversight so we can find closure and move on. I hope you live up to expectation as a respected member of this thread . Thank you. A snippet from the bill below

Prior to the amendment of the finance bill, all entities and companies in Nigeria have been mandated to pay company income tax on their income, but with the new amendment of the bill, micro and small enterprises are no longer automatically required to pay company income tax, where small businesses in this regard are classified as companies with an annual turnover of N25 million or less.”  

leo1234:
Don't be too emotional about any stock

Exactly!

seyisanya:
You have a sound knowledge of how to deploy your cash, more wins! In a Chess game, the king is nothing without other pieces on the board. Smart investors position for a huge return during a market downturn while the unwise ones join the market when equities are already overpriced.

My brother, thanks for the compliment. I still count myself not to have comprehended.
Last month, I tried to private chat you, I clicked on your moniker, and that “2 line message” on your signature answered all my questions.
Thank you for the knowledge you share.

dinyelutochukwu:

Cash is king advocate,
I’m sitting on 7% profit just for buying FIDSON less than an hour ago, now the stock is on full offer. Infact No Offer as we speak.
You should advocate for caution and not tell people to keep their cash in face of hyper-inflation that is imminent.

Jumped out of this bus too early

Mcy56:

Be ready to ride healthcare stocks for medium to long term. They are seasonal and much beneficial to long termers in my opinion.
U may be lucky if you're in for short term anyway.

Caveat: strictly my opinion. I may be wrong.

how is health sector seasonal?OK ur opinion

ndidigood:
how is health sector seasonal?OK ur opinion

If technicals don't lie,fidson is heading to 3
Fidson will even take over maybaker.
I am only speaking from the TA side but sis mcy is just a dream analyst.

rebekah2011:
I have been looking at the market in the last 3 trading days. It has been difficult to pick my targets. Dangote Cement at N130, MTN at N108, Africa Prudential at N3.50, Ucap at N2.25, and Zenith below N14

Dont worry it wld soon come

Not much positives to propel the market for some few coming months

except for unwinding of global lockdown and its knock on effect on oil which underpin the country FX position and ultimately its financial market however in my opinion this had already been priced in as at date hence the only thing that can come from it is a downside if it does not happen as priced in by the market.

so u might see ur above price before / arnd when 2nd quarter result start coming in though you shld not expect teh bloodbath of March/ April cos i dont see market getting to that severe level again

so patienceeee

ndidigood:
how is health sector seasonal?OK ur opinion

I wanted to say, let me phone a friend but you gave the 50% answer from my comment already.

The other half is this: health sector responds to results most of the time and on few instances to special news or cases.
Despite the covid issue in town, there wasn't any response from the sector until May & Baker's result came out this week. This makes it seasonal....... quarterly or fye period.

FIDSON is responding in anticipation of result, not necessarily cos of covid.

Like I said, it's strictly my opinion and I may be wrong.....the first half.