Yuzxy:
Is access a good buy at current price. Any price appreciation in the next 2months. Thanks

One word; ACCUMULATE !!

As u win, come back later to show some appreciation.
...I love Nkwobi and a bottle of non-acoholic wine.

NOTE: Pls do well to read through my signature below.

Regards

I thought I should plant my flag.. then look for opportunities to average down. I got in at 3.28 net (with charges ) yesterday. I'll waiting for it again @sub 2.70

Mcy56:

Thought you said you'll watch out for pullback or something.
It's still ranging btw 3/3.10 anyway........let's see how it goes....

Agbalowomeri:
Party scatter.....

https://www.youtube.com/watch?v=EtbwTgY3AIk

welcome Boss, i hav missed the palm-wine under the mango tree for village .

anyway let the fun continue here....

onegentleguy:


One word; ACCUMULATE !!

As u win, come back later to show some appreciation.
...I love Nkwobi and a bottle of non-acoholic wine.

NOTE: Pls do well to read through my signature below.

Regards

Set a limit order at N6.5
Touch down but meristem no fill me in.
Guess it closed at N6.55 today.

We try again tomorrow.

The bear in the market no be here oooo......portfolio just dey red

PETERiCHY:


SEPLAT was selling at circa N150 in Jan 2016

BARGAIN HUNTERS TAKE NOTE!

...I will not be surprised to hear Peroo had already bought SEPLAT at around N300 while calling out for Bargain Hunters to watch out at N150!!!

Understanding price actions might possibly help with a good entry price for Seplat.

From the 2016 LOW "Sir Peter" mentioned, the SP rallied to break the swing-high at (a) - Technically, this is a positive momentum. However, since then price has made series of lower-low & lower-high (Chart 1). This is a general outlook of stocks on NSE - Chart 2 shows SEPLAT comparison with NSE all share index.

Since price was rejected in Jan 2016 & a pullback was also rejected in August 2016, the intervals between the Highs of January's Price -Rejection & August Price-Rejection is now left by the SP as LIQUIDITY VOID. Any price rejection within this intervals will likely see the stock picking up momentum to the upside. If SEPLAT could end this month bullish, then, I will call the intermediate "bottom" at 300 (there about). & further price within the highlight a good buy as well.

For SEPLAT retrace N150 again! will mean the company is not doing well (financially/management) and I personally will not encourage anyone to buy the stock at that price until there is strength in the stock price again. Bargain or no bargain - it will be too risky to buy at N150 again!!!

Dividend stocks

emmanuelewumi:
Dividend stocks

Thanks.

BullBearMkt:

...I will not be surprised to hear Peroo had already bought SEPLAT at around N300 while calling out for Bargain Hunters to watch out at N150!!!

Understanding price actions might possibly help with a good entry price for Seplat.

From the 2016 LOW "Sir Peter" mentioned, the SP rallied to break the swing-high at (a) - Technically, this is a positive momentum. However, since then price has made series of lower-low & lower-high (Chart 1). This is a general outlook of stocks on NSE - Chart 2 shows SEPLAT comparison with NSE all share index.

Since price was rejected in Jan 2016 & a pullback was also rejected in August 2016, the intervals between the Highs of January's Price -Rejection & August Price-Rejection is now left by the SP as LIQUIDITY VOID. Any price rejection within this intervals will likely see the stock picking up momentum to the upside. If SEPLAT could end this month bullish, then, I will call the intermediate "bottom" at 300 (there about). & further price within the highlight a good buy as well.

For SEPLAT retrace N150 again! will mean the company doing well (financially/management) and I personally will not encourage anyone to buy the stock at that price until there is strength in the stock price again. Bargain or no bargain - it will be too risky to buy at N150 again!!!

I didn't really understand you point very well but I enjoyed reading the letters.

emmanuelewumi:
Dividend stocks

But sir, if the sector is a growing one, paying regular dividends may not be that important.

At that stage such companies might be better than me at reinvesting the dividends.

Anyway, there are no such sectors or companies in the NSE right now.

ositadima1:


But sir, if the sector is a growing one, paying regular dividends may not be that important.

At that stage such companies might be better than me at reinvesting the dividends.

Anyway, there are no such sectors or companies in the NSE right now.

In Nigeria, what you get is your own, the company should have dividend reinvestment programme for interested shareholders.

We have a lot of audio earnings with no cash to back them.

50% dividend payout is okay for a company in a growth rate

ositadima1:


I didn't really understand you point very well but I enjoyed reading the letters.

Lol! You should know that is more of typo- omission

sky2891:
Do we expect further upward movement after the profit taking?

My personal opinion:
It may take a while except the positive momentum is sustained and there are more good news coming in to lift share prices the more.
Ucap did around 70% upside already (from 1.80/1.90 to 3.24).
I expected Zimams to get my point xtyday cos I didn't want to say it directly but he didn't.

Caveat: Pls this is just my own opinion, Mr. Market has a mind of its own, it may still proceed on the journey or be ranging for a while or stay at a car park......all depends.....

*Edited*

ositadima1:


But sir, if the sector is a growing one, paying regular dividends may not be that important.

At that stage such companies might be better than me at reinvesting the dividends.

Anyway, there are no such sectors or companies in the NSE right now.

You are seriously reading Rule #1 by Phil Town. Please don't forget the market you are investing on. To the best of my knowledge, this market isn't a market you just buy a stock and forget. Rule #1 was based on US stock market. Please don't forget that. Thank God you realized on your last statement.

chibjohn:

Rule #1 was based on US stock market. Please don't forget that. Thank God you realized on your last statement.

ositadima1:

But sir, if the sector is a growing one, paying regular dividends may not be that importan

Lol I hope Osita listens to you as he is so engrossed with Phil Towns work.

Osita after you digest Rule#1 , add Rule#2 which says never sleep with your 2 eyes closed while trading the Nigerian stock market. It's a jungle in here.

I understood Mcy. I didn't anticipate a reversal so quickly though.

What I did was split my planned volume into 3 parts. (20%,30%,50%) . Bought the first tranch - 20%. @N3.28 UCap. Did same for UBA @6.57.

Will dip in again for the 2nd tranch - 30% at sub N2.70 and N6.25 for UCap and UBA respectively. And the final 50% further down.

What happens if my criteria for 2nd tranch and 3rd tranch is not met? I'll stick with dividends. Both coys meet my 15% dividend yield criteria to hold (at my entry prices). So I can close shop at my 20% entry volume and enjoy dividends only till prices head south again enabling me increase volumes if all else remains constant (coys doing well.. growing EPS and paying dividends).

I used same strategy with Dangcem following an initial purchase of 20% of my planned volume at N141.
Successfully averaged down to N126 following this strategy.

My safety net... Is that the coy must be strong dividend paying coys.

Mcy56:

My personal opinion:
It may take a while except the positive momentum is sustained and there are more good news coming in to lift share prices the more.
Ucap did around 70% upside already (from 1.80/1.90 to 3.24).
I expected Zimams to get my point xtyday cos I didn't want to say it directly but he didn't.

Caveat: Pls this is just my own opinion, Mr. Market has a mind of its own, it may still proceed on the journey or be ranging for a while or stay at a car park......all depends.....

*Edited*

emmanuelewumi:



In Nigeria, what you get is your own, the company should have dividend reinvestment programme for interested shareholders.

We have a lot of audio earnings with no cash to back them.

50% dividend payout is okay for a company in a growth rate

Very true.

What you get is your own......before they will reinvest it for you and one Wizkid CEO will do you something

Tvegas:
Lol I hope Osita listens to you as he is so engrossed with Phil Towns work.

Osita after you digest Rule#1 , add Rule#2 which says never sleep with your 2 eyes closed while trading the Nigerian stock market. It's a jungle in here.

Loooooool

fxuser:


Nse / Banks / Et al
- mkt still technically struggling to bend d existing trend
- what to look for , a break above previous high (that was a technical LH)
- the longer the range , the better to give respect to existing trend
- see it as it is
- cheap can be cheap longer than you expect

Just passing thru
#BlessDay

e ku mkt


Dis
just passing thru.

Oga Peteru, we are together in Guinness bus, pls try torchlight wetin happen today, is it profit taking or selling off?

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/173_NOTIFICATION_OF_SHARES_DEALING_BY_INSIDERS_-_BLAKENEY_LLP__6.pdf


80,000 000 Units sold on the 5th of August, by BLAKENEY LLP. ( INSIDER/SUBSTANTIAL SHAREHOLDER)

Longest time Madam Teeonly. Nice to have you back.

Where is Oga RabbiDoracle, it's been three days as Yoruba will say. Hope all is well.

SOME SALIENT QUESTIONS
Are you afraid at the mention of retirement?
Do you spend and then plan to save/invest the leftover?
You don’t delay some gratifications?
You don’t practice a little frugality?
You don’t have any passive income?
You must always be at the office/business place before any cash enter your pocket/bank account?
When you are expecting cash or cash gets to your hand the first thing that comes to mind is to acquire a liability (enjoy)?
All you know about investment is hearsay no personal discoveries (dd)?
You don’t know what compounding interest is all about?
You don’t bother to hear/read economic information around you?
You don’t bother much about safety of your funds but attracted only by rate to an investment?
… the list goes on
If you answer yes to all or most of the above questions it means you (are):
1. need to set your priorities right
2. not investing
3. not investing enough
4. not investing properly
5. you need rigging of your investment horizon
6. you need to start investing as a matter of urgency
7. You are taking uncalculated risk.

However, if you are reading this and interested in similar piece it also means you are already in the right path or you just discovered the right path and you will need to continue or start to follow as the case may be.

Mcy56:

Did you see Ucap losing today?
That's why its most times risky to chase vehicle that already moved far.
Ucap fell to as low as 1.90 during the March low.....

It will still fall lower... I'm waiting patiently

Guinness Nigeria & East African Breweries: Same Ownership, Differing Loyalties...

Details at:

http://judefejokwu..com

Coolcash1:


Naira still undervalued. There's still forex scarcity. Back log of forex at interbank market remain uncleared by the CBN.

Then it means Naira is overvalued by your submission sir.

ZikkyChops:
Where is Oga RabbiDoracle, it's been three days as Yoruba will say. Hope all is well.

I'm cool bro. Thanks.

Just watching gold searching for oil.

I really pity Nosa2.

RabbiDoracle:


I'm cool bro. Thanks.

Just watching gold searching for oil.

I really pity Nosa2.

Depends on my entry price

Tvegas:
Lol I hope Osita listens to you as he is so engrossed with Phil Towns work.

Osita after you digest Rule#1 , add Rule#2 which says never sleep with your 2 eyes closed while trading the Nigerian stock market. It's a jungle in here.

I don hear u nah. I maintain that reading is the fastest way to achieve mastery.

Before February 2020, I knew zero about stocks, but I am currently 40% up on some of my investments with zero school fees. If that doesn't impress you nothing will.

It is a jungle alright but same rules ( risk-reward, TA, FA etc. ) apply.

chibjohn:

You are seriously reading Rule #1 by Phil Town. Please don't forget the market you are investing on. To the best of my knowledge, this market isn't a market you just buy a stock and forget. Rule #1 was based on US stock market . Please don't forget that. Thank God you realized on your last statement.

Qwention I ask u, u no answer. Please read d book first before putting out erroneous comments.

Just so u know, if I strictly follow Rule #1 no stocks on the NSE would be worthy. No stock I analysed so far, passed the big five test. The valuation method he detailed in d book, is too conservative so much that u can hardly see any stock on the NSE trading close to that price.

ositadima1:


I don hear u nah. I maintain that reading is the fastest way to achieve mastery.

Before February 2020, I knew zero about stocks, but I am currently 40% up on some of my investments with zero school fees. If that doesn't impress you nothing will.

It is a jungle alright but same rules ( risk-reward, TA, FA etc. ) apply.

WOW! Impressive