wisdom2345:
The Plumming of this stocks is as people expect NTB rates to be above 5% for the 364day bill and then 10.1% in the OMO would hint Foreign investors to sell equities and even bonds in the secondary market to lock cash in OMO @ 10.1%

We just pray and hope that today’s NTB still dips lower but if it appreciates more locals would sell off assets in the stocks market to gain risk free return in t bills

yMcy56:

Quite a lot of inconsistency in the system.
We just wake up to expect anything from this govt.

yMcy56:

It's okay.
Why didn't you sell @30?
I can remember posting about pullback or thereabout at that junction .........when some of my Ogas here were projecting 40.
Anyway, you still entered at a very good junction, you may wait to collect dividend before selling, Wapco used to release result around Mar/Apr (May be earlier this year though) .........but remember it depends on Market situation before then. You keep watching price mvmt.
Good luck!

emmanuelewumi:
It is unbelievable that some people who frequent this thread and also make good contributions can fall victim of Ponzi scheme and other unsustainable high yield Investment schemes

ojeysky:


Looks like Guinness is picking up though

PETERiCHY:
Investors rightnow

wisdom2345:
Knock! Knock!
We hearing quotes from the streets
That stops rates are now 1.0000, 2.0000 and 4.0000 respectively in today’s auction ( rumors)
If this is true it is what was expected and better than what has happened at the last week OMO’s auction.

It is gonna be a quiet and red tomato session for stocks only if we see a consistent inch in NTB rates

Mcy56:

I think those selling off were/are mostly the TB guys that rushed to stock market when rate was ridiculously low.
Stock market has been there when the rate was good and will remain when they carry their Kaya commot.
Generally, NSE used to be bearish in Feb/Mar, so I won't totally tag it with NTB or whatever.
Long termers/Dividend Investors have little or nothing to worry about.......short termers will restrategize.
Let them go and allow us see road.

wisdom2345:
Knock! Knock!
We hearing quotes from the streets
That stops rates are now 1.0000, 2.0000 and 4.0000 respectively in today’s auction ( rumors)
If this is true it is what was expected and better than what has happened at the last week OMO’s auction.


It is gonna be a quiet and red tomato session for stocks only if we see a consistent inch in NTB rates

wisdom2345:
The Plumming of this stocks is as people expect NTB rates to be above 5% for the 364day bill and then 10.1% in the OMO would hint Foreign investors to sell equities and even bonds in the secondary market to lock cash in OMO @ 10.1%

We just pray and hope that today’s NTB still dips lower but if it appreciates more locals would sell off assets in the stocks market to gain risk free return in t bills

jideflash:
lets not forget the overdue naira devaluation that we should expect anytime from now. its advisable for short term players to sell off if any bull ride come soon, hold profit and watch out for 2nd qtr.

onegentleguy:


My dear,
Don’t allow ur forecast(perceived as they clearly are) make u miss out on the select few opportunities that the market would present.
Ur talk on rising yields in the FI space causing a diversion of funds away from the stock market is for now half-baked(a bit too early) and holds little or no water given the current economic play on ground.

I hope u understand that the stop rates u quoted are only but ur nominal return investing in that space. …ur RR(real return) remains largely negative or stretched even if u double those figures.
...a brief;

Ur Nos are broadly forward-looking estimates but lets just be generous and assume that the coupon on a 1yr tenure NTB is 5%.(actual 1yr DR is @ circa </=4%)
Lets even double that rate... which would be a 10% nominal return. Unfortunately, that would still be an approx negative 2.7% in real return(net of inflation)
At the OMO space, ur RR will also print negative over a 1yr time-frame.

And I hope u also know that over the same period, certain select healthy coys can deliver near 2x previous yield peg.
Lets dig in a bit more…
A coy like ZENITH bank will likely return a N5.7 cash flow accrual within a roughly 1yr period(N2.7 in march 2021, 30k in July 2021 and another N2.7 in march 2022). At a price peg of N25, that’s a near 23% div yield(circa 22.8%) in nominal return and a net positive near 12.5% real return.
Even if we decide to be cautiously optimistic and assume the bank may pay less dividend within the said time-frame(though there is no just reason to think so at this time), yield would still print at approx 10.3% of real return. Then there is also the matter of a possible cap appreciation to top up ur total CGY.
…the interpretation of this is that it could likely take u as much as 2.5yrs to derive an equivalent value playing a 1yr NTB as it would playing the asset ZENITH, ceteris peribus. Needless to say that aligning with the latter ahead of the former should be a worthy opportunity cost.
The same argument can be made for other healthy high yield-giving coys like GTB, UBA, AFPRUD, UCAP, DSR, DC etc.

Now unless u are one of them fellows who believe that the negative 2.7% RR(from playing in that FI space) is greater than that of 12.5% or min. 10.3% playing the ZENITH asset, u would quite naturally incline with the latter investment channel.

There is need to understand what the market is “playing or acting out” at any given time. While u can not predict with certainty its motive, u can take advantage of its “plays” and the opportunities that come with it.
…the market is about to gift u with one more. Know when and how to act.
No need to fret… trend remains largely bullish!!(see my past post on this line)

Selah

ebuka1997:


Omo make I go chop government money in treasury bills
Bad guy!!! Lol

wisdom2345:
Thank you so much sir. Please what do you think of insurance companies like Wapic or mutual benefit

jideflash:
na wa for caverton, shey e no go fall? i need more....

yMcy56:
Where is Peter today?
He didn't jump out to post because he's in the market .......
He'll be here the moment he's done selling at loss

Quite a lot of transactions towards closing despite the red though.

TwiceASGiant:
Hello All,

I would like you to share your knowledge and insights with me on this tax matter.

Assume that you're working for a multi-national company in Lagos and you periodically set aside around 60% of your net monthly pay and invest same into the shares of well-run companies listed on the NSE.

Assume further that at the end of ten years of working with the multi-national company, you decide to resign and incorporate your own company by being a distributor for the multi-national company's products.

However, before the incorporation of your company, you sold all your overvalued shares in your personal name and moved the proceeds into your newly incorporated company's bank account. In this case, would the person be liable to pay any tax to the Lagos Internal Revenue Service (LIRS) or the FIRS based on the proceeds from his liquidated shares?

Thank you.

bigjay01:


Dunno how it works in Nigeria. Why move personal funds to corporate account. In this part of the world, you must account for it to HMRC. You have to prove it is not payment for goods/services rendered by the company.

TwiceASGiant:
Hello All,

I would like you to share your knowledge and insights with me on this tax matter.

Assume that you're working for a multi-national company in Lagos and you periodically set aside around 60% of your net monthly pay and invest same into the shares of well-run companies listed on the NSE.

Assume further that at the end of ten years of working with the multi-national company, you decide to resign and incorporate your own company by being a distributor for the multi-national company's products.

However, before the incorporation of your company, you sold all your overvalued shares in your personal name and moved the proceeds into your newly incorporated company's bank account. In this case, would the person be liable to pay any tax to the Lagos Internal Revenue Service (LIRS) or the FIRS based on the proceeds from his liquidated shares?

Thank you.

TwiceASGiant:
Hello All,

I would like you to share your knowledge and insights with me on this tax matter.

Assume that you're working for a multi-national company in Lagos and you periodically set aside around 60% of your net monthly pay and invest same into the shares of well-run companies listed on the NSE.

Assume further that at the end of ten years of working with the multi-national company, you decide to resign and incorporate your own company by being a distributor for the multi-national company's products.

However, before the incorporation of your company, you sold all your overvalued shares in your personal name and moved the proceeds into your newly incorporated company's bank account. In this case, would the person be liable to pay any tax to the Lagos Internal Revenue Service (LIRS) or the FIRS based on the proceeds from his liquidated shares?

Thank you.

samguru:
Its going to be bullish today

You can quote at the end of today's trading

Good Morning

samguru:


At the point of selling your shares, govt has already collected their tax from the proceeds of the share sales.
The moment the fund enters your business,it is regarded as shareholder's fund.
Govt can not tax shareholder's fund rather they tax your profit

rebekah2011:
There are no taxes on the sale of shares. What you have are brokers commissions, Vat, stamp duty CSCS and SMS alert. stocks and shares are exempted from tax.

nna777:
Today and tomorrow will be bloody oo. If you bought low, no need to panic, if you bought high wait until the blood stops and then average down. If you can't cut your loss and move on.