I am surprised too. It is not compulsory for people to do long term. Everyone has his strategy. If you like to do short term, please you are welcome and if not, you are welcome too.

Ibrahim505:

Source pls?

All of the companies that you mentioned will always give you that sign that they are going down, unfortunately the emotions you have in them can sometimes blind you to see clearly. Some people still believe that First bank will catch up with both Zenith and Gtbank very soon and they keep averaging down.

Godisfaithful:


That’s a good analysis sir. But how many companies can do that in NSE? Most of these top managements or directors attached to this company are heartless and don’t give a damn f...k about a common investors. This is not about newspaper/textbooks opinion, but reality check when you sit with them. My advice is for people to just make sure you protect your capital when you make a reasonable gain. Look at Japaul, PZ, Cadbury, BankPHB, Intercontinental, RtBriscoe, UACN, Oando, FbNh, and so on...the way they have destroyed long term investment horizon of some investors....unimaginable and sadden

when you buy into a well-run business. You do not need to pray and fast. Just give it the time it will always come good. Buy opportunities will always come and go. Zenith and Gtbank at the moment are well run business. The valuation the coronavirus has helped to give it is an opportunity. I can assure that 2 to 3 years if the management of both banks remained focus, the long term of the holdings will be positive. However, that does not mean you cannot exit if it doubles in price before your target. Book that capital gain.

aremso:



But why should i cos of 50kobo lose my capital join? Then will be praying and fasting for a yr whereas, those that bought when it was mark down will still make good money more than me.

Sometimes it is not that you wish to do Long term. You are compelled by factors beyond your control most of the times. You buy a stock for N1 and pronto the business is suddenly worth N5, you are not going to sell even at N3 because you know the worth. Or you bought at N1 and they pay a dividend of 50kobo and the price later dipped to 20k but because you know what you have bought is now worth N2 you will wait now.

Godisfaithful:


I wonder why anyone will do long term in unstable market like NSE...

Ohhhhhh. that is true.

mendes911:


Bros,

Scroll through Oracle's post and see all his posted. And they are all happening one by one. He mentioned this pullback of this week. Infact market was ripe for a pullback last week thursday/friday. The question is for how long. We go soon find out.

No one saw the pullback of this morning. If you have cash and you want to buy, please buy solid stocks and do not let all the cash is the king gang hold you down. Sow in the morning, afternoon, evening and night. you never will tell the one that will bring the best returns.

aremso:



No condition is permanent but in the market truth must be told, the other day a guy here was complaning bitterly that stock investment is a ponzi and i could remember before i joined this forum, i was averaging down my FBN from N14 to like around N5 later sold out of frustration. What has changed? our fx is going down daily corona is there or is it cos of the bail out package the developed economy gave to their own market? what has changed? brent not looking good presently in relation to our situation as a nation to me my capital is more precious to me than to be trapped.

UCAP traded for 1.79 just last year. Is it possible to trade at this level in the coming months? The possibility is very strong. However, companies will always devise new ways of making money. But like you have been told JIJO may surely set you back a bit but the dividend can help you to buy back later when the price crashes if it will because no one is sure that it will.

mendes911:


Am not a soothsayer but am 90% sure that this jump you just narrated will break your waist!

http://www.nse.com.ng/Financial_NewsDocs/29267_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf
This one is going too. I wonder how much they will be paying minority shareholders to buy out and delist.

It is because the Coronavirus has now made Zenith Bank a candidate of N13. Zenith Bank is never a stock of N13. if we get to buy at this price, we will look for money and buy. if it gets to N10, we will buy more. We are not going to panic because NSE is losing points. Congratulations to those who are loaded in cash.

Godisfaithful:


You are absolutely right. Take for example, so many traders was rejoicing last night when the future opened green, but emotionally they went in with the hope that market will bounced back this morning...and presently market Dow is down already with 350 points. Emotions in stock market is a death sentence to your capital. If people can stay away from it, they will do better than expected. Why would I buy a stock of 13 Naira @25 because of dividend of 2+ Naira? That’s like 45% down in capital? This means one need More than 50% rise in price to break even not talking of profit....It is about facts over fantasy

The problem is because it is CHINA, the biggest economy in the world.

Kashif:


I really don't see what is ravaging about Covid19, with just about 2% mortality rate. It is not a death warrant for crying out loud. It's the media blowing it out of proportion.

the cost is zero to him?

Mcy56:

To start with, what's the average price for each?

Do not sell now unless you are in dire need of the funds. I hope you have done the necessary documentation to have the shares in your name

Blessing642:
Good morning everyone. I inherited some units of NB and UACN shares, I want to ask if I should sell now or hold on till price picks up again. Thanks

The shell holders of transcorp will disagree with you. Trascorp Hotels, Trascorp Power, what else generates money for this holding company.

OBAGADAFFI:


Oga, Transcorpse has always been a scam.

Prof. I hope it is not FCMB or Fidelity you are drawing our attention to.

DeRuggedProf:
Nigerian listed companies, the poorer the results the better the dividend, IT IS CALLED DIVIDEND TRAP.
Insiders buy plenty shares after poor q3 results when share price is heavily punished, later declare mouth watering dividend, then start to offload.
Forget about disclosure, If I am a board member and borrow Peterichy or Loco 500m as a friend to buy my company stock and we agree to share the loot later, will you ever hear about it?

But why do companies choose to behave like this? 1m units will return 10k dividend.

emmanuelewumi:



Not yet, it will be cheaper. Dividend of 1k declared will make it more affordable for those who are interested in the stock

Interim that people have already collected.

DOLLARTEX:
115kobo dividend.

Our Banks have not started to report challenges in the liquidity within the system as the Nigerian economy is still predominantly cash and carry market. The financial system in most advanced countries is credit-based and a little tweak in the cycle always distort the system.

umobile:
When will CBN intervene as stocks continue to bleed in the NSE?

This one has to come below N80 to e taken seriously.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/29225_MTN_NIGERIA_COMMUNICATIONS_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

final dividend N4.97

No dividend here. I hope someone will be able to knock the Board on its head.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/29228_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

it is actually 80k final dividend. The company must have failed to update that section of the audited accounts.

EchoLima262:
Na u suppose look well o. Check item 40 on Page 135 of the Report. It's 60k final plus 20k interim!

so Q4 was very tough for them niyen

currentprice:


Q3 eps 2.32
final eps 2.53

http://www.nse.com.ng/Financial_NewsDocs/26401_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_JUNE_2019.pdf
Oga Peteru is consoling himself. I need to go and look for one powerful meme to commiserate with him when the result is eventually released

locodemy:


Did they pay dividend in 2018?
See yourself drinking alcohol wey you no Sabi drink before.

http://www.nse.com.ng/Financial_NewsDocs/29221_LAW_UNION_AND_ROCK_INS._PLC._CORPORATE_ACTIONS_FEBRUARY_2020.pdf
verod capital buying 100% of this stock at N1.23. If you are in the bus from 20k, Congratulations

We learnt not to play the market with borrowed funds ni ooo. If it is your money, why get afraid when you are sure of what you have bought. Zenith UBA, GTBANK, AFRICA PRUDENTIAL UCAP RED STAR, CUSTODIAN and many more will continue to make money in this market. they may dip at some times but in the long run we can only laugh

Mcy56:

People should learn to control their emotions under whatever circumstance.
I just like boss Rebekah for some of his comments in the face of dumping, he has mastered the art of controlling his emotions and putting life first.
Think individuals needs to develop some shock absorber no matter what.
I wasnt moved either cos I'd determined not to touch my tashere UBA no matter what. Las las, dividend go dey cover am.
I cannot come and go and kill myself.
If you cannot withstand NSE heat, carry your fund to money market fund or govt bond. Then you can sleep with your two eyes closed at least.
It's well.

Peter is no longer dia oooo. He is in Team Wapco

aremso:


i wan buy UACN ooo

He has seen that there may be a lower low. no need to rush

PETERiCHY:


ZENITHBK now begging for buyers @N17.25. hope you have loaded more

The never die-hard investors who are ready to become shareholders or shell holders as they may discover later. Oando dey scatter anyhow. I wonder when Seplat go join am.

jamace:
Who are those accumulating when everything is falling?

I cannot come and go and come and kill myself for nothing.

mendes911:


LOL. That's the koko. Just live in denial and forget about portfolio valuation.

we will not check the portfolio value. Na dat one go make person heart do gba gbos gba

locodemy:
^^^^^
Una get heart to even check movement of prices.

Stocks about to enter full offer

You sell at today's lowest and you wait endlessly to get in again and you will be forced to buy an alternative which will now put you more in a deeper hole. Just wait if you are holding a correct stock, no need to be fearful at all. Relax and buy more.

Chibuking81:

But I think one can get more share if he reduces what he has now and buy letter for active online investors. It is disastrous to sight crude below $50. And if it drop further, that means massive effect will follow.

It will be nice to pick all of these stocks at these prices again and again.

PETERiCHY:


Remember just 4yrs ago

Zenithbk sold for N9
GTB sold for N13
Stanbic sold for N12.50
UBA N3.
ACESSSBK N4.
Fidelity, Sterling bankk and FCMB all sold below 90kobo.

So its a long walk to FREEDOM.

*ThE OcToPuS*