OANDO:
Closed at 3.64.....
Is something brewing here or normal end of year pumping?

Was mentioned here sometimes ago @2.30/2.32......that it seems there are unusual activities there based on from observation.

**Just market observation**

megawealth01:
Yeah but not all stocks... I'm very careful sha... I have dividend stocks I don't trade those ones... I always topup at dip... I am a trading INVESTOR always looking for massive profits even if they are penny stocks

I was once like this.
Chai.... metamorphosis of life.

Krisuba:
[quote author=Mcy56 post=973259
Have been trying to place buy order on Morgan .its giving me 293 order rejected!! What does that imply!!

Market closed at 12.30.
24th and 31st used to be half-day for trading.

You and 2.30 eeh

Sabiboy99:


Bro your portfolio will be so diversified fah. seems you are every where sir

Is well

My brother it depends on the account balance o.... It diversification of a 7 digit account makes sense na

Krisuba:
[quote author=Mcy56 post=973259

Have been trying to place buy order on Morgan .its giving me 293 order rejected!! What does that imply!!

There was a early close today

locodemy:
You and 2.30 eeh

Lol. Dont mind me.
It's 12.30.

ojeysky:


My brother it depends on the account balance o.... It diversification of a 7 digit account makes sense na

No be small tin, Every Mallam to his kettle

Is the case of Different strokes for different folks

Is well

locodemy:


I was once like this.
Chai.... metamorphosis of life.

Is well

Mcy56:

I've mentioned Lasaco tired here as a penny stock.....since the time it was trading at 25kobo.
Quite a lot of activities there today. You may keep eye on it.
Mansard was discussed here too.......below N1.
NEM below 1.50/1.60...........Nem is a N2+/N3 stock on a good day. You can see that shareholders are not even willing to release it at markdown/current price.

cc: Ebuka1997

Thanks. Merry Christmas and compliments of the season

[quote author=Mcy56 post=97385933][/quote]

OK. Thanks ma'am

Mcy56:
OANDO:
Closed at 3.64.....
Is something brewing here or normal end of year pumping?

Was mentioned here sometimes ago @2.30/2.32......that it seems there are unusual activities there based on from observation.

**Just market observation**,

That dude wale is playing games again

Merry Christmas to us all.

igbonla:
@Mcy56,
Please oh, na only you waka come for some of us! You have no idea how helpful your comments have been to me, have been a ghost reader for long but coming out to reply you and commend your efforts. I am sure there are many like me here.

You have been amazing and gracious with your contributions even when you could simply disappear! Please make more noise here, it's music for some of us.
God bless you and add more oil to your lantern.

I am a silent observer on this platform. Please do not leave this platform because you have been an invaluable contributor and genuine one for that matter. I have benefited a lot from your contributions and other people have benefitted as well. Continue to impart your wealth of knowledge and God will bless you

PharmAlfred:



Thanks for this. Do you think one can benefit capital gains by buy Mansard now? I am still trying to understand the whole reconstruction process.

it is too late to buy now, the price has moved over 50%. i see the price droping seriously after 31st December.

longlife20:


it is too late to buy now, the price has moved over 50%. i see the price droping seriously after 31st December.

If our gamble is right, it will go higher or it will be frozen and released when market pumping starts in January.

Wetin happen to Lafarge today?

longlife20:


it is too late to buy now, the price has moved over 50%. i see the price droping seriously after 31st December.

The price hasn't moved by 50%.

The price might drop after bonus distribution .

Mcy56:

Thks sir/ma.
It's people like you and two good ogas that keeps me coming here till now.
I dont have biz coming here again.
Thanks for the good words anyway. Glad some Nsempas are benefiting from the noise making.
We see how it goes.....

You are very very valuable here, at least to me. The one stock on my portfolio that is not going well(abctrans at 0.36) is the one I bought before I started asking questions here.
I guess I did out of sentiments of traveling season, but it seems the thing is not working like that.

MERRY XMAS EVERYONE

OBAGADAFFI:


The price hasn't moved by 50%.

The price might drop after bonus distribution .

Chief the price has moved more than 50%.

the mark down price was 64k
it close yesterday at N1.05k
if you do the maths that is 64% (1.05-.64)= .41/.64=64%.

The price will start dropping from 31st December because that when they will distribute the bonus.

Happy Xmas to you all.

You have now been certified to have as much fun, laughter, and happiness as you can -even beyond this Christmas. And remember, Ziing got your back always.

Have an amaZiing Christmas!

longlife20:


Chief the price has moved more than 50%.

the mark down price was 64k
it close yesterday at N1.05k
if you do the maths that is 64% (1.05-.64)= .41/.64=64%.

The price will start dropping from 31st December because that when they will distribute the bonus.

Oh, I got 0.97k from Broker,
but NSE site is showing 1.05.

I load more after 31st, and sell after reconstruction.

Thanks

Merry Christmas to everyone here

I want to specially thank every contributor here for keeping the engine up and running here
You are highly appreciated here

Going forward, may 2021 present us with more opportunities, and also good health and life to enjoy the fruit of our labour
Amen

cc Mcy56
Locodemy
Megawealth01
Ebuka1997
etc etc.

Cheers to a better year ahead

Merry Christmas everyone and peace throughout the years.

OBAGADAFFI:
The price hasn't moved by 50%.
The price might drop after bonus distribution .

AXAMANSARD:
Your previous calculation was wrong as you were told.

As it is now, the post bonus price = 0.64kobo (share price marked down already)

Post reconstruction price will be multiplied by 4.
This will depend on the closing share price of Mansard a day before the reconstruction takes effect.

Share reconstruction will take effect on 9th February, 2021
For instance: If Mansard closed at N1 by February 8th 2021, the price will be multiplied by 4 and Mansard will open on 9th February as N4

TABLE 3:
No of shares held pre-reconstruction (or no. of shares post bonus issuance) (E) 3,840
Post bonus share price (F) ₦0.64
Value of shares (3,840 shares @ N0.64) (G) = E*F ₦2,457.60
No. of shares held post reconstruction - Basis 1 for every 4 (H) = E/4 960
Share price post reconstruction (I) = F*4 ₦2.56
Value of shares (960 shares @ N2.56) = (J) = H*I ₦2,457.60

Note: the actual price post reconstruction will depend on the closing price, prior to the day, the reconstruction is effected.

longlife20:
It is too late to buy now, the price has moved over 50%. i see the price droping seriously after 31st December.

I got what you're trying to say here.

Some investors won't wait for reconstruction before disposing off their holdings once bonuses are added by 31st, thereby crashing the share price.

I think this is where bargain hunters should set their traps.
Once support is sighted after the assumed heavy selloff, then you key-in at cheaper price, then wait for reconstruction/post reconstruction period.
Those not yet in the bus but willing to give it a trial can join here.

We however can't categorically say that there will or there won't be heavy sell off.
Some may use the opportunity to buy more shares and increase their holdings, then wait for reconstruction to take place.

We see how it goes.........

swilo:
If our gamble is right, it will go higher or it will be frozen and released when market pumping starts in January.

Yes, we don't know the shape it's going to take yet, could be pumping too.
The heavyweights may decide to do and undo, let them just do what will favour us most, at least 100% no bad nah. Lol.

Merry Christmas Everyone

To God be the glory. My DangCement has returned 97% even though I am not prepared to sell. Merry Christmas to all my Christian brothers and sisters here. More wins in our portfolio �

DexterousOne:
Merry Christmas to everyone here

I want to specially thank every contributor here for keeping the engine up and running here
You are highly appreciated here

Going forward, may 2021 present us with more opportunities, and also good health and life to enjoy the fruit of our labour
Amen

cc Mcy56
Locodemy
Megawealth01
Ebuka1997
etc etc.

Cheers to a better year ahead

Amen bro