Sharmeenator:

My bad! I forecasted based on the their 10 years stock records.

Oh my goodness
How can you do this Sir ?

This is why, senior members always say do your due diligence because some opinions are based on partial information.

Others might even be correct but may take a month, 6 months or a year to actualize and investor must be sure they can go the distance

Pls non senior members like me if you know your information is one sided, we all appreciate it and thank you to mention the technical or fundamental analysis utilized to derive the conclusion/prediction

@y’all, if you are not in the market yet and are looking at medium to long term and are not good at day trading and jijo, you can see the market is going down, why not wait abit till you are abit sure it won’t sink too low

Its common knowledge that prices fall after dividends payments and if they are falling now already then what do you think will happen after dividends

Due Diligence is keenly advised

Record sell-offs persists in medium and low capitalized Nigerian stocks
https://nairametrics.com/2021/02/16/record-sell-offs-persists-in-medium-and-low-capitalized-nigerian-stocks/

Nigeria’s inflation hits 16.47% as food prices soar to record high
https://nairametrics.com/2021/02/16/nigerias-inflation-hits-to-16-47-as-food-prices-soar-to-record-high/

By working together we can achieve great things

The way NSEMPA now view pricelist

megawealth01:
Guinesss is a NO... VITAFORM is good at that rate... My opinion though

Thank you for the contribution

Kindly recommend other dividend paying stock that we can buy now?

Do you advise those that have vitafoam to exit and enter later when the price dip?

Thanks

Mcy56:

My opinion:
VITAFOAM:
** The price of Vitafoam @CP, N8 is okay BUT you can go for other dividend paying stocks FOR NOW.
Reason: Vitafoam recently declared and was marked down for dividend.
Those holding it may want to sell at any market price so as to key into other stocks we are awaiting dividends from..........this may in turn make them to crash the price small......
You can wait at the dip and use the opportunity to pick some units because they're still coming back for it later.

GUINNESS:
@samguru adviced that we should buy due to some privileged info yet to be made public and he gave likely events that may make the share price attractive in the short run. You can pick some units here or be picking in tranches, depending on how deep your pocket is........and then wait patiently.

Thanks everyone. Was nursing the same view that its good to wait until after dividend payout before any buying. Very likely, prices will further crash after that. We hold and watch when to dive in.

I am new here. You guys should welcome me mbok.

Wonderful contributions indeed from everyone.

Kind Regards and God bless

Let Inflation meet your Money Working

Even if inflation rate is increasing let it always meet your money in a reasonable investment; it helps no matter how bad the economy is doing.

Ethnan:
Thanks everyone. Was nursing the same view that its good to wait until after dividend payout before any buying. Very likely, prices will further crash after that. We hold and watch when to dive in.

I am new here. You guys should welcome me mbok.

Wonderful contributions indeed from everyone.

Kind Regards and God bless

Mbok, owo mmi, abadia?

samguru:


35-45 FOR ME

Oga which kind thing be this I bought this Stock at your call how it in red

kalkah:
Kindly recommend other dividend paying stock that we can buy now?
Do you advise those that have vitafoam to exit and enter later when the price dip?
Thanks

Quite a lot of consistent dividend paying stocks on the exchange.
AFRIPRUD will soon release Q4 result, (usually b4 Feb ending)....... so also Ucap, some banking stocks and quite some in other sectors.
** Watch out for bargain entries**

For the 2nd part, NO!
Not advisable to exit and re-enter again.
Rather, buy more at lower price if you have steady flow of income and not in urgent need of the fund. Increase your stake instead.
VITAFOAM is a good stock and will be increasing steadily as time goes on.
Some people bought below N3, still keeping till date and increasing their holdings......the bigger the better.
** Remember this is subjected to other factors........if you picked much lower and you're sitting on profit after dividend markdown, you may sell to enter another dividend paying stock.......in short, it depends on your INVESTMENT OBJ and FUND AVAILABILITY.

bigjay01:


On 04/01/21, i bought some algo for $0.46, Algo traded at $1.8 on Saturday. Go figure
Of course one can loose it all. But for someone like me that have a very good capacity to hodl ... Moreover, i don't buy any shitcoin out there

With the Ban on uncle b how do you withdraw or deposit?

PerfectMatchNG:
Oga which kind thing be this I bought this Stock at your call how it in red

sorry due diligence is always our caveat here.

samguru:


sorry due diligence is always our caveat here.

Exactly

PerfectMatchNG:
With the Ban on uncle b how do you withdraw or deposit?

P2P never finish na

samguru:


sorry due diligence is always our caveat here.

Hello house can someone recommend the best broker app for Nigeria stock exchange for those that live outside Nigeria. Many thanks.

ebuka1997:
Dangote carried the market today, expect pension funds to gradually move to treasury bills

funds slowly unloading if you watch the pattern, omo was oversubscribed earlier in the week

DMO Sells 25-Year Bond for 11.80%, 15-Year Tenor for 11.25%
https://businesspost.ng/economy/dmo-sells-25-year-bond-for-11-80-15-year-tenor-for-11-25/

NSE: Customs Street Sinks 0.07% as Profit-Taking Persists
https://businesspost.ng/economy/nse-customs-street-sinks-0-07-as-profit-taking-persists/

FG Can Generate $5bn Selling 10% of NNPC Shares on NSE—Uwaleke
https://businesspost.ng/economy/fg-can-generate-5bn-selling-10-of-nnpc-shares-on-nse-uwaleke/

Axa Mansard Proposes Dividend Payment
https://businesspost.ng/economy/axa-mansard-proposes-dividend-payment/

Fidelity Bank Sells N41bn Bond at 8.5%, Intensifies Tier I Ambition
https://businesspost.ng/banking/fidelity-bank-sells-n41bn-bond-at-8-5-intensifies-tier-i-ambition/

$5m Bribe: NCDMB Rubbishes Allegation Against Wabote
https://businesspost.ng/general/5m-bribe-ncdmb-rubbishes-allegation-against-wabote/

Comviva’s Banking Suite Gets Omdia’s Recognition
https://businesspost.ng/banking/comvivas-banking-suite-gets-omdias-recognition/

Nano, Micro, and Small Businesses: Path to Growth with Government Services And Contracts
https://businesspost.ng/featureoped/nano-micro-and-small-businesses-path-to-growth-with-government-services-and-contracts/

RTEAN to Pay NURTW Welfare Tax for Peace in Lagos
https://businesspost.ng/auto/rtean-to-pay-nurtw-welfare-tax-for-peace-in-lagos/

DPR Cautions Marketers Over Fuel Sale in Jerry Cans
https://businesspost.ng/economy/dpr-cautions-marketers-over-fuel-sale-in-jerry-cans/

marylandcakes:
Hello house can someone recommend the best broker app for Nigeria stock exchange for those that live outside Nigeria. Many thanks.

Register and open an account with investment one to get the ziing app, with that you can trade anywhere in the world as well as trade through the web.

To open account for free click on the link on my signature.

Kyc requirements: a passport photo, id card, utility bill and your signature all to be uploaded on the last page of the online form. To avoid the stress of notarization of your foreign documents, you can use your Nigerian particulars such as the utility bill to complete the form.

Should you have need for further clarification chat me up with the number on my signature.

N.B: Investment One will never ask for cash to open account for any of the investment products

TROVE
BAMBOO
TRADING212
PASSFOLIO

marylandcakes:
Hello house can someone recommend the best broker app for Nigeria stock exchange for those that live outside Nigeria. Many thanks.

marylandcakes:
Hello house can someone recommend the best broker app for Nigeria stock exchange for those that live outside Nigeria. Many thanks.

I use Chaka

yazga:
TROVE
BAMBOO
TRADING212
PASSFOLIO

NSE not NYSE
I believe the locals are better for the NSE

Jerry59:
NSE not NYSE
I believe the locals are better for the NSE

They have NSE stocks

emmasoft:


Register and open an account with investment one to get the ziing app, with that you can trade anywhere in the world as well as trade through the web.

To open account for free click on the link on my signature.

Kyc requirements: a passport photo, id card, utility bill and your signature all to be uploaded on the last page of the online form. To avoid the stress of notarization of your foreign documents, you can use your Nigerian particulars such as the utility bill to complete the form.

Should you have need for further clarification chat me up with the number on my signature.

N.B: Investment One will never ask for cash to open account for any of the investment products

Many thanks but I haven’t got Nigerian utility bill.

Sharmeenator:

I use Chaka

Many thanks for this.

yazga:
TROVE
BAMBOO
TRADING212
PASSFOLIO

Many thanks, I already have a trading app that is linked to a foreign account. I need one to link to my Nigerian account and buy mainly Nigerian stocks. At the moment trading 212 are not accepting new subscribers.

E Ku Market o.

Seems FBNH result is around the corner.......the type of volumes @7.30 there......
That's how they'll be buying and selling upandan........to align with these moneybags requires a lot of patience......

FCMB: Sold down to @3.06........back to @3.20 again .....

MANSARD:. Planning to pay Dividend for FYE 2020.........planned reconstruction is still holding this stock down......
A good bargain should it get to 1.05 and below.......

FIDELITY: Getting a lot of attention and dumping......down to @2.30........Bargain hunters should keep eye on this space......it may be a strategy to crash the price so as to enter cheaper or lower.........lol..... DD applies, I may be wrong........

Trove has Nigeria Stocks so also so trove check it out

marylandcakes:


Many thanks, I already have a trading app that is linked to a foreign account. I need one to link to my Nigerian account and buy mainly Nigerian stocks. At the moment trading 212 are not accepting new subscribers.

samguru:


1.Vitafoam has innovated products that are consumers' delight
2.the company is fast capturing the sofa market (bed, chair, etc) from the players in the furniture business.
3.The company has intensified her effort to make her products visible and available in every part of the country and outside Nigeria.
4.Strong partnership with E-commerce companies.
5.Vitafoam mattress is the most preferred General and Private Hospitals in Nigeria by the virtue of the acquisition of the VONO foam.

These are the reasons the turnover keeps increasing YoY.

Vitafoam mattress is also good for you

Let me add 2 important reasons which are:
1. Sourcing of very cheap raw materials polyols and diisocyanates derived from crude oil, used in the manufacture of foam- ie polyurethane foam. This is due to crude oil price crash.
2. Good management.

marylandcakes:


Many thanks but I haven’t got Nigerian utility bill.

What I normally advice my diaspora clients is to just ask from any contact person in Nigeria and use the bill your name doesn't need to be on the utility bill. It can be a family or friend. In that case, it's the address on the utility bill sent to you that you will supply on the online form as your residential and contact address.
The truth is that it's just SEC regulations all correspondence is by email. The physical address is not used.

ZENITH: Trying to make U-turn @24..........
Will the dumper show face again?
We wait and see....

DANGSUGAR: Trying to make U-turn @18.50.....

** Caveat: Do not take as any form of advice**

As T D Jakes usually says...Ooo it’s got quiet now...