sirleke:
Someone should pls confirm this

talk2tonie:

sirleke:
Someone should pls confirm this

sirleke:
Someone should pls confirm this

zimams:
True ...you are very correct. Entry price is very important. But my point is that your entry price and whether you should buy at all should be driven more by financial health of the company and its ability to make profit.
Everything is cyclical... hot money comes and goes. If you bought right and you have medium to long term objectives.... you wont worry about hot money leaving.
Your perspective and objective is everything.

In 2007/2008 I bought Zenith at 47.60/share... it turned to dust in my hands when the market crashed.
The same Zenith is a substantial part of my portfolio today with average entry price at 13.37. We still dey hold....

People wey dey fear recession..... make I remind una say.... na inside this recession wey some stocks don deliver 100 % - 200 % to some of us here....

Just know your objective in the market and buy right.... then allow nature (time + forces of demand and supply/market ) do its thing.....

currentprice:
babe, the thing go hard you to discover d moniker except you have a forensic mind. as d thing keep disturbing your mind, i can help you with little clue if it still difficult for u to work it out. try more

cucumbar:
thank you. You’ve been really helpful .
Oya o , onegentleguy, currentprice, bullbearmrk how do I contact you guys for your services?

arduino:

Jaiz and Unity. Enter at any price between 0.49k-0.59k and exit at any price between 0.75k - 0.9k.

debeey87:

Mansard is also offering bonus shares soon

zimams:
You know how the Democrats in the US say Trump's policies favour just his friends and cronies? For now.... in this our country, policies espoused by the CBN favours this market..... for now o!

Like I said before, Hot money will always head towards favourable conditions. As at March/April lows, Dividend yield for Zenith Bank , UCAP were 20%+ if I'm not wrong... currently, even with our ASI where it is there are still a number of stocks with Dividend yield btwn 9% - 12%. This is out performing rates from some other investments or risk assets. When this condition changes.... then I will expect a big Bear just before and after. The challenge is how to see it coming..... Our gurus in the house with more experience fit sound the alarm for boys to jump out...
There is a difference between drop in share prices due to panic sales and drop in share price due to poor performance of a Coy and drop in share price due to a significant change in govt policy that makes the market less attractive. We need wisdom to decipher.

And again.. everything is largely built around perception, objective and risk appetite of the investor.

Let me share a short story from my experience 3 months ago.

Where I come from in the east, the PHC - Maiduguri Rail line crosses right in front of my father's house. It's about 100 meters from the house. That rail was built by the British in the early 1900's. The bars in between the rails are all made of steel. I grew up seeing that rail everytime we travelled home for holidays or events.

Fast fwd to August 2020, I accompanied my Mrs to Yaba market to do some shopping. And for the first time I came in contact with the new standard gauge rail being built by the Chinese. Alas... Those steel bars in between the Rails are made of reinforced concrete. I do not know the terms or the deal the FG has with the Chinese. But I would be surprised if they are importing cement being used to build these rails. And there are new deals for Standard gauge rail virtually all around the country.

So taking our Cement industry into consideration, I will be more concerned about the sustainability of these sort of projects rather than a recession. Unless of course, the recession threatens the project. Which is unlikely because the FG has loan agreements in place covering the projects for which they've also provided counter part funding as per turn-key contract terms.

Now this is no recommendation o! I'm just sharing an experience to highlight how I choose to look at some of the issues that concern us. Ultimately, your portfolio is 100% your responsibility.

Mcy56:

You guys have tried with various aspects of viewing the topic at hand......Recession ........and I particularly love your perspective.

Let me remind us that Nigeria entered into recession before now........but worsen in Q2 cos of Covid-19 pandemic.
In quote: "Nigeria economy shrank in the 2nd quarter of this year as GDP fell by 6.10% compared with a growth of 1.87% in Q1".
The question is: Did banks/coys made profits during this period despite the global events? Did some people made fortune out of other's panic selling (at loss)?
The same Q2 when the economy plunged into recession, some still made considerable profits. Most stocks appreciated by +100% or more in the said period.
in essence, there's always opportunities presenting itself in any of these events.

I think you needed to re-assess your reasons for being in this market and not just be there because someone encouraged you to do so.
Let's remember that during recesion, investors tends to look for safe haven to hide.........and this is mostly in dividend yielding investments such as stocks, bonds, money market funds or any of such.

While I'm not saying you should not do portfolio re-balancing, remember not to panic unnecessarily if you're in good dividend yielding stocks. You know why? Some bargainers such as Peter are already lurking in a strategic corner with their sharpened cutlasses to make a kill from your panic.

When there's recession, efforts seems to be in top gear to stem or find solutions to it, this may in turn be followed by a recovery in which stock market especially won't be left out.

If you are sitting on a good profit, you may sell to re-enter at much lower prices SHOULD stock prices fall beyond expectations. Bargain investors always make good use of the opportunity too.......as could be seen in March/April 2020 when prices were very low but appreciated when activities picked up in the economy,coupled with reduced fixed income rates, etc.

If you're not in profit, try not to sell at loss. Dividends will take care of things till economy recovers or things normalize.
If you have steady flow of income, it could be a good time to wait for bottom prices and average down......good example is Zimams Zenith holding up here.

The much noised recession might not even be as worst as portrayed, social media has a way of blowing things out of proportion......and may not be as simple/good as it may seems.

This is Mcy's perspective too. Make Una no vex for the epistle.

sirleke:
Someone should pls confirm this

emmanuelewumi:


Na wa for you oo. are you a learner?


You don't need to dignify some messages with a response or mention

sincerelymine:


What if he is the same person.....engaging himself for attention

sirleke:
Someone should pls confirm this

emmanuelewumi:



That is madness

Krisuba:
[quote author=S007

Some friends did The Map stuff ,right now na prayer to receive payment!!

stockish:
Hello JIJOIST in the house, can we list up to 10 jijo friendly stocks that could pay us big henceforth. I start with this 2, Fcmb and eti
Add yours

Mcy56:

No wonder the share price went up.

Any info on Royalex too ?