locodemy:
So you are now among the "pay" masters.....?

I never learn to that level.....
Who are the "pay" masters?

Mcy56:
Market is on green level this early trading hours........
Mansard getting positive attention on the announcement of 17:7 bonus issues.....

Didn't people read that document very well. Only members with names on the register as of 23rd November, 2020 qualify. Wonder the rush to buy after the date sha

emmanuelewumi:



You talked about your loss, what about the profit you made when you sold?

All gone with the second entry.

locodemy:


If they can have basic knowledge on when to key into a stock,they will win.

They need to know resistance,breakout,support etc.

Plenty school fees onboard.

You and I know JIJO is beyond basic knowledge.

emmanuelewumi:



Good education is not cheap

Exactly!

Mcy56:

Newbies should stay away from JIJO!
It's not an area for beginners but for pros.
A lot goes into Jijo-ing more than you think, it's not only about buying or selling alone.
Some professionals handles it like a career.
When you're Jijo-ing, remember you're also trading together with the professionals who are more experienced and are in possession of many tools necessary to carry out the trade successfully more than you are.

Chai!!! See as Mcy is just dishing out info offhand like a pro. Lol.

They don't know, how to do the calculations.

Mcy56:

How come?
You guys still needs more learning on patience sometimes.
What happened to you averaging down?
As an investor and trader especially, you need to deal with your emotions, have a personal objective on why you're investing and decide the type of investor you want to be.
Understanding this will assist you to make some better investment decisions.
Stock market is not just about the Bull alone, but also about the bear. About the operating environment and it's economic situation.
Make I stop there, I wan go market.

NB: I'm really learning some things from the book " How to Day Trade For A Living" courtesy of Coolcash1 (and few other books anyway)
Thanks Bro.

Noted! Thanks for your advice, I will pay more attention next time.

Willie2015:


E yah....
Try to always buy in tranches....
Even the so called prof...
Can stop itchy fingers...

Note! Thanks a million.

Mcy56:

How come?
You guys still needs more learning on patience sometimes.
What happened to you averaging down?
As an investor and trader especially, you need to deal with your emotions, have a personal objective on why you're investing and decide the type of investor you want to be.
Understanding this will assist you to make some better investment decisions.
Stock market is not just about the Bull alone, but also about the bear. About the operating environment and it's economic situation.
Make I stop there, I wan go market.

NB: I'm really learning some things from the book " How to Day Trade For A Living" courtesy of Coolcash1 (and few other books anyway)
Thanks Bro.

Thanks MCY. How can I get the books. Hardcopy or soft copy

Mobebi:
Please, Can anyone say something on Japaul oil? I feel like buying some but it looks stuck. Is it a good buy?

Don't build your house under high tension cable.

swilo:


Don't build your house under high tension cable.

Sholapey:
Noted! Thanks for your advice, I will pay more attention next time.

You will not. I can assure you. JIJO is not your calling

Always learn to remove your eyes from police money.

debeey87:

Didn't people read that document very well. Only members with names on the register as of 23rd November, 2020 qualify. Wonder the rush to buy after the date sha

Cant get the document.
I knew of NEMs, which is 23rd Nov.
Can you post the link to that of Mansard. Thxs.

Mcy56:
Market is on green level this early trading hours........
Mansard getting positive attention on the announcement of 17:7 bonus issues.....

OBAGADAFFI:
AXA MANSARD INSURANCE PLC -Issuance of Bonus Shares

2. That in accordance with section 383 of CAMA, and Article 111 of the Articles the funds for the time being
standing to the credit of any of the company's reserve accounts or to the credit of the profit and loss account
or otherwise available for distribution, up to the sum of N12,750,000,000 (Twelve Billion, Seven Hundred and
Fi�y Million Naira), shall be capitalized, for the purpose of issuing Bonus Shares as fully paid shares to the
shareholders.

3. That the newly created 25,500,000,000 (Twenty Five Billion Five Hundred Million) ordinary shares of N0.50K
each be issued and allotted as fully paid bonus shares to the Company's shareholders standing in the
register of members of the Company as of 23 November 2020 (the Relevant Date); in the proportion of
Seventeen (17) new ordinary shares for every seven (7) ordinary shares held as at the Relevant Date (“the
Bonus shares”).

OBAGADAFFI:
AXA MANSARD INSURANCE PLC - Consolidation / reconstruction of shares

5. That, in accordance with Section 101 of CAMA and Article 44 of the Articles; the nominal value of the issued
ordinary shares of the Company be and is hereby altered from 50 kobo each to N2.00K each, by the
consolidation of every four (4) shares held by each shareholder into one (1) share.

http://www.nse.com.ng/Financial_NewsDocs/31967_AXA_MANSARD_INSURANCE_PLC%20_NOTICES_OF_EXTRA%20ORDINARY_G.pdf

I came across new company on NSE not long now.............
Livingtrust............a morgage bank.............
Maybe they just moved it to Eqty from Watchlist. ................
Just for info purpose only.

OBAGADAFFI:

http://www.nse.com.ng/Financial_NewsDocs/31967_AXA_MANSARD_INSURANCE_PLC%20_NOTICES_OF_EXTRA%20ORDINARY_G.pdf

Thanks Bro.
Those guys are wise. I can see why you said they're trying to mess with investors mind.............

Mcy56:
I came across new company on NSE not long now.............
Livingtrust............a morgage bank.............
Maybe they just moved it to Eqty from Watchlist. ................
Just for info purpose only.

Formerly Omoluabi Mortgage Bank . Seems they did change of name.

Sholapey:
All gone with the second entry.

I told you to convert your profit to cash, eg if you made a profit of N5 million from a trade to buy mmf or buy cheap real estate.

I think you bought Zenith at N17 and you were able to sell at N26. You should have converted at least N3 per share to savings. But you made profit and reinvested everything back into the market immediately. It doesn't work that way, if you must buy back you should do that in tranches.


VGIF by Investment one will still give you about 7.5% guaranteed return per annum

Mcy56:

Thanks Bro.
Those guys are wise. I can see why you said they're trying to mess with investors mind.............

After Bonus
1000/7 = 142.8571428571429
142.8571428571429 x 17= 2,428.571428571429units


Reconstruction
2,428.571428571429 /4 = 607.1428571428571units

After Reconstruction
1000units = 607 units

emmasoft:


There will be little or no impact positive or negatively in fact Unilever has operated more in years of border been opened than when border was closed.
Unilever stock will be affected basically by the state of the economy generally not on just a single act of opening border. The purchasing power of consumers is what should be of concern.
If you enter the stock at bottom price and ready for the long term nothing to worry about whether border open or not.

What is the current rates from VGIF?

emmanuelewumi:



What is the current rates from VGIF?

7.5%

emmasoft:


7.5%

The money market fund is now less than 3%, due to the dismal performance by Treasury Bill.

debeey87:

Formerly Omoluabi Mortgage Bank . Seems they did change of name.

Thanks.
As Aregbesola don commot as gov nah.

What stock can I buy now and sell within a short time to make profit

OBAGADAFFI:


After Bonus
1000/7 = 142.8571428571429
142.8571428571429 x 17= 2,428.571428571429units


Reconstruction
2,428.571428571429 /4 = 607.1428571428571units

After Reconstruction
1000units = 607 units

emmanuelewumi:



The money market fund is now less than 3%, due to the dismal performance by Treasury Bill.

Exactly! it's currently revolving around 1.94 and 2% for the Abacus money market fund

Physco4221:
What stock can I buy now and sell within a short time to make profit

What is your time frame for a short time?

Mcy56:

Thanks Bro.
Those guys are wise. I can see why you said they're trying to mess with investors mind.............

Mcy, what do u think about Mansaard? I hate the science behind bonus shares but I would like to understand it too.

emmasoft:


7.5%

What's the difference between it and the VBF. saw the current rate is over 14%

debeey87:


Didn't people read that document very well. Only members with names on the register as of 23rd November, 2020 qualify. Wonder the rush to buy after the date sha

Many are just doing kalo kalo.

Tuition fees will be collected then eye go clear.

Eku market ooo

About a week

OBAGADAFFI:


What is your time frame for a short time?

OBAGADAFFI:


After Bonus
1000/7 = 142.8571428571429
142.8571428571429 x 17= 2,428.571428571429units


Reconstruction
2,428.571428571429 /4 = 607.1428571428571units

After Reconstruction
1000units = 607 units

Seems the 17 will be added to the 7 to make 24.

Divide by 4 to make 6.

So 7 units at N0.5 becomes 6 units at N2 after reconstruction.

EPS value should increase. BV should also increase.