₦airaland Forum

jehosaphat:
Personally Saluting

Wanajo
Temmie10
Easimoni
Fatherof2
Windywendy ( welcome back)
Yodiyokun
Aktopgun
Roughcut ( enjoy your proverbs very much)
Gees
Barge
EMMAACHILE
Pumping777
Rob-roy
Frankiriri ( Find time to visit)
My peace
Naijadr ( Thanks for info about UBA NRN)
Seun for your initiative and website
All Others who I didnt mention for time ( I got to run, Time to chop! )

Happy Christmas, happy Year end, May we continue to prosper. Amen!

Haba!

My head don dey swell now o! but that was very very nice of you taking time to personally salute peeps. May honour also come your way in Jesus name. Na you i dey try emulate now abi? As dem dey talk am for where i commot from There is no way a piece of land will belong to the father and to the son without a clear line of demarcation there must always be a distinction so i never reach your level i be small pikin in that dept

Thanks very much and may you walk tall where it matters

ololufemi:
@ Pumping

The guy that took N15 million is not the only one investing in the market.

I got a facility of about N2 million which I intend to invest instead of purchasing another car.

This applies to about 200 of my colleagues and immediate junior colleagues inclusive.

Thats about N300 million which is being financed from about 4 banks our firm has business relations with.

That is just one firm and a small part of its employees.

I remember that I met one Executive Director of a bank who was complaining that the share price of a particular organisation did not rise and he took a huge loan to purchase loads of those shares. The figure was about a hundred of million

Even banks give money to brokers to purchase their shares in the primary or secondary market and no be small money.

I no talk sey N15 million dey shake market but look at it from how many N15 million(X) where X is the number of people that borrow to invest.

Imagine if 100 people borrow N15 million each. Thats N1.5 billion.

Imagine if 1000 people borrow N5 million each. That's N5 billion

Now FCMB has come out with a product that gives you acess to about N10 million spread over 4 years

My brother, I am not looking at it from the micro-small level but from the macro-big level.

There is a lot of borrowed money in our stock market.

Somebody mentioned about N700B as leveraged money on the NSE i think

easimoni:
LOL!   Watching with interest! _{Now back to self-exile}

You just cant resist can you? I beg all of una if i miss my flight na all of you go dey responsible for the katakata wey go result.  If rubbish hit fan you know say the thing go scatter everywhere

wanaj0:
[/b]

My brother, all those things are easier said than done. Emotions, herd mentality etc make people to do otherwise.

Also, the peculiarity of NSE makes it unique.


My pastoral calling will not allow me to do that. I am a pastor by calling, an engineer by training and an invesor as hobby!!!!!!!!!!

Now I know that you don't respect privacy!!!!!!!

That is why you are one of the  'elders' on this forum. I go hook up you by e-mail over the weekend make good thing no pass me by. I get flight to catch
You actually mean building a N1B portfolio is a hobby for you? I go begin pray say make God give me zeal and consumate passion to start taking this hobby more seriously

wanaj0:
Identify yourself. Fundamentalist or suicide bomber?

i used to be a fundamentalist which makes me a Talibani but i have graduated now i'm running after technical analysis so hopefully with the help of easimoni(whenever he comes from his self-imposed break) we can add a couple of columns for technical indicators and stoc oscillators

i'm still scratching my head for a name for this new school although this discipline is more suited for traders and short-termers but its  in no way intended for suicide  or momentum investors_{well everybody is welcome sha}

aktopgun:
i am at work now but can hardly wait to digest this at home, thats if she doesn't go into labour tonight

carry the analysis go inside labour ward

All the best mate!

wanaj0:
Wetin happen?

Let me give you another one 'Oral Diarrhoea'

Another word comes to mind Motor-mouth

wanaj0:
Well you have over 200 stocks on the NSE. How many stocks are listed in the banking sector? How many of them will you say is a BUY? How many stocks are in the Insurance sectors? How many of them are BUYs? Now move on to the Food and Beveradges and the Petroleum marketing sector. What of the Chemical and paints and the pharmaceutical sector. after that check the building and materials, conglomerates etc.

When you finish, classify the stocks that you will want into income stocks and growth stocks. Then you will know where I am coming from.

Additionally, there are stocks that I buy just to monitor, get the full annual reports, attend the AGM, get invited to the investors forum etc. That's why 15 stocks account for over 90% of my portfolio. For me that is the only way to get the FACTS behind the figures in an environment faced with dearth of information.

If you read my posts very well, I talk about overdiversification. However, there is an age you get to that your portfolio will have to be defensive. One thing you don't get is that at a certain level, growing your portfolio becomes secondary as compared to maintaining the status quo. At a certain age, you know that there are some extra risks that are not worth taken.

Everything is not just black and white. There are other issues that governs investment decisions and philosophies.

Getting a bit religious now, what is the objective your objective of investing? Just to make money? Many don't have a clear objective in mind. When your objective is met, it is GREED that will make you to take extra unnecessary risks. Sometimes the additional risk is unwaranted based on your portfolio size and objective.

Another one from the tried and tested. May you continue to increase in knowledge and in wisdom

aktopgun:
hmmmmmmmmmm johannesburg exchange, didn't think of that one u know. might be worth looking into but i fear i won't have the time just yet, too many people to do and things to see

In between gallivanting all over the place just came back from Bahrain beginning of this week i have  off-shore investments(cant afford to put all my eggs into the NSE basket) so i may ask my portfolio manager  check out these companies on the JSE. I suspect those stocks are now expensive in their home country South Africa just like everything else in Nigeria. The hope of making a decent profit i think is if they are listed on the NSE its inevitable just a matter of time

A lot of the cash cows on the NSE are getting into an overbought position and when that happens a lot of peeps will want to sell and then the prices start heading down south

aktopgun:
@roughcut

u are right on the telecomms thing as far as i can see. it is quite lucrative and all we have been doing is lining the pockets of our brothers in south africa.
the likes of mtn, globacom, celtel, etc must see the profits inherent in the NSE and hopefully will be coming sooner rather than later after their exclusive PPs

N'landers shall be waiting and watching with itchy trigger fingers i'm sure.

May be i should go and buy the shares of these companies on the Johannesburg Stock Exchange. Surely they must be thinking of the nigerian stock exchange. I know Jim Ovia bought a telecomms company can't remember what its called now a while ago and knowing the man with his endless quest for stock-market domination we should expect a something soon. Hopefully he can build it into a world-beater  like Zenith.

Dangote also bought a telecomms not too long ago so i will watch the space. It just seems odd to me that  MTN and Celtel have not thought of exploiting the opportunities in the nigerian capital market.

Surely after South Africa the market to be in is Nigeria

aktopgun:
@ roughcut
i only aspire to be more like u bros

@ololufemi
if u are right man, i may even decide to buy more than a few baskets for this

from all indications (outside of seeing the prospectus with my 2 koro koro eyes ), it looks like zenith may be worth it, although i think its an OPM addict though.

lets wait and see what jim has to offer shall we

Correct me if i'm wrong the fastest growing sector of the Nigerian economy is Telecomms and yet there's not a single telecomms listed on the NSE at least as far as i know. I know there are private placements and stuff but it just occured to me none of them is quoted publicly on the NSE

Hmnnnnnnnn the next Gold rush whenever they decide they are ready to start playing on the NSE

aktopgun:
i see u agree on diversifying but not "overdiversify".

this is what was said actually. diversification is good and probably even necessary to hedge your bets but as previously stated, look well before u leap in the bid to diverify because it may end up being a di-worsification which non of us want.

the old though of not putting all your eggs in one basket rings true in investing more than anywhere else i think. the question for us to answer individually and collectively is "did u inspect all the baskets for holes first before u put your eggs?"

Hmmnnnn you are a wise head on old or is it young?shoulders. You will kill another one o. You see a child that learns to wash his hands will surely eat in the court of the elders_{i'm learning fast from jehoshapat} the point being we are all here to share and learn nobody is a monopoly of knowledge.  Life is a network of relationships that is what  we are all about on N'land

ololufemi:
@ All

Roughcut is right about Warren Buffet. Even read it today in the Daily Wealth emagazine.

Simple Rules

The wider your stock portfolio, the less your portfolio risk and the less your expected returns on investment

The narrow your stock portfolio, the higher your portfolio risk and higher your expected returns on investment

For me, I feel I am still young and its better to take high risks now since I am not yet married with kids .

If I can't take risks now, when will I. Its better to take those risks now.

When you now have a family of yours, your risk appetite should reduce because you are not in the game for your own benefit but for members of your family.

Like a writer once said when you avoid the risks you also avoid the opportunities which is the reason all of us are on N'land to share and to educate and exchange ideas so we can minimise the risks in our investment decisions

aktopgun:
@ roughcut

warren buffet doesn't believe in overdiversification not diversification which is why i added that "as much as we can".
there is such a thing as di-worsification too where companies just acquire subsidiaries that arent profitable and a few years down the line once they realise their mistake, they offload these, but not without their earnings taking a hit and invariably their share price and all there poor share holders.
In the same way individual investors can "di-worsify" if in the name of diversification, they buy companies without studying them well enough. See the point always goes back to preparation and learning as u know well man

i think some companies in nigeria are just OPM aadicts (opm- other people's money) and just keep coming back to the market for more istead of utilizing maximally what they've already got

Which is why you need to know exactly what stocks to pick and that is the point Warren Buffet makes you must KNOW the stocks you are picking and that comes with diligent analysis and research so as Warren buffet would say

Make the money for your clients

Dont lose the money

aktopgun:
on union bank people, interesting reading no?

http://www.proshareng.com/myproshare/portal_news.php?id=3278

I read that article i think the strategy i will adopt is to  take up my rights and sell my holdings. UBN has not been the business though shouldnt really complain i bought @ less than N20 can't remember when . I will wait for N45 before i offload. Still looking for what to do with the WEMA cash and now another shed loads of shares of UBN waiting to be offloaded

Happy days or is it  cash out days are here!

The stocks i'm looking for are not available and don't want to find out what happens when you stand in the way of the raging bulls so to borrow the pun i go just siddon dey look  while i brush up on my tech analysis_{graduated from the Fundamentalist/Talibani school cant get away from that just briiliant} no shaking

aktopgun:
finally caught up with the pages i missed. busy day at work yesterday.

on bros wanajO's point about having 40 securities in his portfolio, there's a lot of wise gist in that one piece of information guys.

one of the great investors of old said, "he that resteth upon gains certain, shall hardly grow to great riches; and he that puts all upon adventures, oftentimes breaks and comes to poverty; it is good therefore to guard adventures with certainties that may uphold losses".

i agree with Ben Graham who believes that diversification doesn't just minimize your odds of being wrong. it also maximizes your chances of being right. i like the analogy of the haystack- think of the market as a large haystack. only a few needles ever go on to generate truly gigantic gains. the more of the haystack u own, the higher the odds go that u will end up finding at least one of those needles.

As much as one can afford, one ought to diversify and WanajO has the right plan and i am hot on that trail too myself.
A stock thats good to buy during a p.o ought to be good to buy regardless really then or else why would people want to buy it in the first place.

as much as we can, lets diversify. pumping, roughcut et al, well said

Warren Buffet the greatest investor we have ever known happens to be a student of Ben Graham and he doesnt believe in diversification  or should i use the word over-diversification he  invests only in stocks that are in his domain of expertise

Hmnnnnnnn food for thought

FatherOF2:
I can see you diligently recalled the quotes from others,but you wrote my response in your own writing.I doubt i gave such a rude response.
To answer you its a combination of experience and Newspapers.
Those in the diaspora can't have access to these things because they can only read " Washington post".
Patiently repost my posts and i gave one clear answer somewhere.

Also add 'Financial Times' and New York Times and for good measure 'Die Spiegel'(for my Swiss and German speaking compatriots)
You must be a very funny guy

wanaj0:
There are private shareholders. However, with the imperfection in the market, you will be seeing trades right from day one that the stock is listed. It happened with Dangote Sugar and almost all the other companies. Though all animals are equal, some are more equal than the other. The registrars can decide to print and despatch your certificate last!

Not sure about the private shareholders angle i thought there were some shareholders(his cronies no doubt) that were to be alloted the shares on a preferential basis (about 20% of the shares on offer and that doesnt make them private shareholders. He offloaded 25% of his holdings in Dangote Flour to the public to satisfy the requirements for listing on the NSE. he wanted to do a PP when the SEC were giving him some hassles(they reckon the offer price of N15 was a bit on the high side) so not sure when the PP was done and i dont think there are any shares in Dangote Flour capital structure

hmmmmmmn, remains a mystery to me

[quote author=Mr. Risky link=topic=31554.msg1726268#msg1726268 date=1196252570]WanajO,  
Welcome.  I know you had it in 1st Class since the dividend came from 1st Bank.  Just kidding.  That was how a friend bought First Aluminium at over N3 thinking it was owned by 1st Bank.  Still kidding.

WanajO,  Please can you tell me about RT Briscoe and Air Services & Logistics, and C & I Leasing.  I would certainly like to grow with those companies in the 3-5 years.  I am really keen on buying something now.  Sometimes it is a crime to keep one's money.  Remember the season!!!

Pumping 777
You are great asset to this forum.  easimoni, Roughcut (prefer Smoothcut though ), Fatherof2, all of you even, lurkers.  Welldone. With the knowledge I have gathered here, I am helping to heal a friends burnt fingers in TRANSCORP!  He had thought Transcorp would rally after technical suspension, it did rally though but SOUTHWARDS even down to the Niger Delta and beyond the creeks. [/quote]For now i'm roughcut for a reason have you seen an uncut diamond before? its as rough as coarse-paper not yet the finished article. So that's what i am for now-work-in-progress when i get to where i'm going then i can start thinking of changing my name to smoothcut or even silky-cut but for now roughcut will do

Make i take one proverb end my tory if you dont know where you are going every bus-stop will look like your bustop forgetting that all of us have different bus-stops  in life

oga Jehoshaphat what say you?

nuff said

wanaj0:
Well, you get to  a level where your 'miserly' capital injection is of no use.

Actually the scenario was done with the fact that after some years, you actually stop injecting new capital and it really does not affect your bottom line. A N500m portfolio does not really 'need' a N2m yearly capital injection!!! Hope you get my drift.


25m units of First Bank will not get you on the baord. Some years ago IBTC was asking people with N1bn to come forward and they will invest it and get them on the board of companies. Now, 1bn is not enough again!!!!!

Massive oversubsription will push up the price before the common men get their shares certificate or get it into their CSCS account. Once it becomes an all comers affair, water will find its level. Definitely, market sentiment will drive the price up but it is not suatainable. Just check Dangote Sugar from N56.00 now to about N36.00

Well even in the worst-case scenario you expect a portfolio worth N500M to be giving you at least  N125M assuming a 25% yield on a yearly basis so there'e no need injecting N2M but the point i'm trying to stress is the strategy you need to adopt to get to the N500M mark.

You are forgetting that the only shareholder in Dangote Flour is the man himself(not aware of any private shareholder though) until the certs are distributed so that basically means its a level playing field going forward so i expect  a rally and then may be after he's paid a couple of dividends the share price will definitely not break its  resistance or support level depending on the share price trending which is EXACTLY what has happened to Dangote Sugar the share price has become unresponsive to the quarterly dividend the guy is paying so Dangote Sugar is now trading within its support  and resistance channel i only expect side-ways movememt for now same will apply to Dangote Flour

damoche07:
@pumping

After the scolding by our own easimoni-who incidentally is on a self declared holiday-i have started learning.I have seen the spreadsheet.Do i take an average of the PE's in all the companies sector as the average PE in that sector. The column for trailing PE is blank and u guys talk about it a lot.Is it not that relevant. If its relevant,whats the difference btwn trailing and projected.

As long as the self-desclared holiday or is it garden leave as the medics would put it does not become a permanent one

Let me try and confuse you a  bit more

You calculate a trailing ratio either PE or EPS or PEG based on the declared figures for that company. For example if a company releases a half-year result you can calculate the trailing EPS  by dividing the PAT for the half-year period by the number of shares outstanding during the period in question and also if you want to know the trailing PE divide the current share price by the EPS you  calculated. The figures you arrive at will be trailing meaning they are based on past results for a given time frame in this instance  half-year or six months

You calculate a forward or projected ratio by extrapolating based on the figures you have at the moment. If a company releases half year figures you can EXTRAPOLATE the full-year results e.g PAT by increasing the half-year figures by a factor two(this will be accurate if the company makes the same proportion of its PAT for any given timeframe either quarterly or half-yearly) so your estimation will give you the forward or PROJECTED ratio and also ascertain the number of shares you expect to be listed for that company for the period in the future. For example if you know the number of shares for FCMB that will be listed by year-end which is April 08 then you can extrapolate the PAT for the whole year based on the half-year PAT they have declared

pumping777:
Great insight. I toyed with some numbers when I started out on the NSE and I figured time has to be my good friend.

I figure that if I grow my current portfolio consistently at an average of 100% year on year for 5 years, I will have gone past the N1B naira mark. However, I will be more reasonable and plan for 50% annual growth in which case it can happen in about 8 years. I truly believe that money is just a number.

I think a better startegy will be to aim to grow the portfolio by a combination of the returns you expect from your investment and also capital injection from your personal resources i think you can reduce the time frame to achieve your goal. If you have fixed-assets as part of your portfolio( then you don't need liquidity injection) as this will grow organically without you pumping_{you are already pumping anyway} in additional cash but for the liquid assets side i think you might need some more capital injection for a few more years but then it depends on the size of your liquid  portfolio and how deep your pockets are

wanaj0:
Roughcut, that's why it is important having an idea of the personality before making suggestions when it comes to investment. Well, some people have N1bn in a single stock on the NSE!!!!!

Redstar will continue to rise based on the scarcity of the stock. I hardly bother myself with such stocks. It will be unavailable at least for now.

Not sure when Dangote Flour will be listed. Heard however that it was massively oversubcribed and that those that bought more than 10,000 units will have a large part of their money returned!!!!!!!!!!

Please tell me you are kidding me but then i suppose that person should be on the board of directors of that company with a shareholding of  N1B

As for RedStar i put a limit on my order anything above N6 they can forget it obviously i'm not going to get it so looks like another  one slipped through my finggers not the first time

The funny thing its this massive over-subscription of Dangote Flour Mills that will push up the price. As at the time the PO came on the market i was one of the people that said it was expensive at a PE of 15 or thereabouts i think the fair value we arrived at then was around N10 but its now looking cheap at the offer price of N15(market inefficiency) so i wont be shocked if the price shoots up to more than N25 after TS. I think the market has already priced in this scenario

It is not fundamentals that will be driving the price of Dangote flour but market sentiments but then i guess everybody already worked that one out

aktopgun:
And wanajO RETURNS WITH A BANG!!

Words of a wise G!!

I salute you sir

@roughcut, i told u the bros was lurking.

I appreciate your insight Bros wanajO. You said it all

Noticed that Cutix and RedStar and CI Leasing in that order  did the max 5% today again and still RedStar never surface. It might now be expensive to enter Cutix now looks like its hovering around its resistance level to borrow the language of the technical analysts

wanaj0:
N1bn (approx US$10m) portfolio is not difficult over TIME. It is that TIME element that is killing people. You need to be patient to be able to achieve that. That is a medium term goal for me!!! See why some stocks even if they retuned 10,000% will not be in my portfolio

If you've bought Oceanic and NAHCO in the apst two years, you may be close to that.

Let's put it this way: $10M portfolio all in the NSE don't think that's a good idea. The Nigerian capital market is not that efficient enough for me and too volatile for my liver and as per regulations not yet there so there is no way i'm going to have all my asset/portfolio concentrated just in the equities/stock market Nigeria. I would diversify such  portfolio between

Stocks and Equities [/b]both in Nigeria and in the emerging markets(Angola,Brazil and Mexico and you can add Turkey forget about China and India that's a bubble waiting to burst)

[b]Properties in Nigeria and UK and propably some cash  in Switzerland_{i mean legitimate cash} the taxes here are low compared to most western economies

So at any one-time the asset/portfolio  spread can withstand any shocks and hopefully you have hedged your risks properly. All my stuff in Naija hopefully is a proportion of my net worth

I think in about 5-7 years i should just be there so i can start looking for a cash cow to acquire

wanaj0:
Did not have time to respond yesterday. Was on a flight from Uk after a well deserved holiday funde with my FBN dividend.

Many things are evident on this thread. People wanting to make money without understanding their risk profile. Capital market is not a gamblers den. Be careful.

Your risk profile, your portfolio value etc also affects your choice of stocks. For example, if you have a N1bn portfolio, you will not be looking at Cutix, Capital oil, Trans Express etc. Reason is simple, when you want to sell you may not have anyone to sell to except your wife or children are planning to BUY. Factor all this into your calculation. That's why all the investment/stock broking house have their list of preffered/selected stocks. Choice is based on many things.

Like I always tell people, in a BULL market, everyone is an expert. A bearish market separates the boys from the men. For those that joined the market within the past 18months, they've only witnessed the BULL market and have concluded that LIFE will always be like that. Sorry, that is not so.

We I am a mechanical engineer. Bought my first stocks in the late '90s. Open a stock broking account in 2001. Bought shares blindly. Since then, I've read and learnt how to fish. Aditionally, I have gone for emotional/psychological tests to better prepare me for the market.

In the early days, I bought National Oil at 20.00 Saw it dropped to 14.00 and was like what a mess is this. Bought more at 14.00 and it later got to 25.00 and I sold. Within 12 months after I sold, National Oil got to 100.00!!!! That made me to start to learn about fundamentals of a company. On the long run, the market will always recognise the value of a company. That's why Nigerian German, NAHCO etc were picks for me. If a stock is a BUY at the PO, then it is a MUST BUY prior to the PO!!!!!!

One other thing that is noticeable is the 'craze' to BUY anything and everything. Note that when you over diversified, you basically reduce your potential profit. I have over 40 (yes 40) stocks in my portfolio. However, 15 of them constitute almost 90% spread across sectors. So I only need to focus on the vital few. Note that portfolio diversification/asset allocation is key.

Also, our investment objective and horizon differs. Some are ethical investors while others are not. So it is difficult to make stock picks for people you know next to nothing about. Quite a couple of people I've had to ask them personal questions to be able to make 'quality' advice for them. You don't know how the person will react to a 10% drop in his portfolio!!!!!!

On Afrinvest, spoke with them today. They claimed to have responded to mails. If you stillw ant me to follow up on your behalf (willing to do so being a client of theirs for 7 years) send me an e-mail or forward the e-mail you sent to them.

Let us all enjoy the bullish run!!!

chei! did i hear you mention N1B portfolio somewhere in your thread? let's just say if my portfolio is worth N1B i will be on the board of directors of Law union+Rock insurance or UNIC

On a more serious note every now and then we need your 'elderly' contributions to drum some semblance of REALITY into some peeps(_{yours truly included} on this forum

MyPeace:
Roughcut, thks for your answers, but what happens if the old certificates are still not verified before 2008? l have problems verifying mine, because of irregular signature , and l might not have chance to go to the registrars myself as requested until next year.

Yep you have till end of next year to sort it out. Take your regular signature mandate with proof of your id to the registrar and they will simply void the old one and issue a new one to  you will have to pay some money i think

MyPeace:
@TEMMIE10

what do you mean by certificate verification has been stopped? l know they will be credited to the CSCS A/c direct from now on, but what about the ones l have before l got CSCS No.?

What that means is that according to the new directives from SEC there is no more share allotment verification which means as soon as the shares have been alloted by the issuing companies to the prospective investors the returns should just be forwarded straight to SEC/CBN and if they are satisfied they will approve the allotment and the  company registrar can start issuing certificates to the lucky ones or credit your CSCs account if you have an account with a stockbroker.

What used to happen before was that CBN and SEC has to verify and vet each single application from the issuing companies to ensure that laundered money has not found its way into the capital market(all monies are lodged with CBN in an escrow account and this takes months which is why you had to wait an average of 6 monthe before getting your certs.

A case in point  of the new directive is  FCMB hopes to complete the share allotment and cert issue by March next year so if you bought into the PO you will be on the dividend register before April which happens to be the year-end instead waiting till May/June next year which would have been the average length of time it would take to get your cert (check the prospectus if you have bought into the PO for the allotment timescale)

By year end 08 all stock holding will be dematerialized meaning there would be no more paper certificate as proof of your shareholding  so for  those stocks you hold and you dont have credited into your CSCS account(if you have one) you will need to find the company registrars for the stocks you hold and give your certs for verification after which you can ask your stockbroker(if you have one) to credit your CSCS account with these shares. I think the company registrars should be able to do this as well if they have your stockbroker details and your  CSCS CHN(this is the alphanumeric number that identifies the stockbroker to the CSCS) and  your CSCS No(your personal numeric account number with CSCS)

easimoni:
Oh! and the spreadsheet will be finished by then.   PEACE OUT!

i await your return
the truth of the matter is i made my first investmnent on the NSE in 04 but i learnt everything i know today as per fundamental anaylsis by reading your posts when i registered on this forum in May

texas543:
and if you stumble?

you will stumble on the beautiful laps of your opeke abi no be so?_{i hope seun is not reading this}

pumping777:
PEACE.

If something is not clear, just ask and I'm sure someone will answer you. Most folks here are working full time just like you and there isn't always the time to elaborate on so many points.

I learnt the very little I know on this site and another sister site and I'm always here because I want to learn even more. I am a Mechanical Engineer by training and I've been working in IT for several years now so I don't have any training in stocks or the like.

I only started trading in AUGUST THIS YEAR. Just over 3 months ago. I bought my first stock on the NSE on the 13th of August 2007. I had absolutely no clue before then and I've been learning every day since. Some folks that say "I am inexperienced" have been trading for much longer than myself. I joined this thread only on the 15th of September.

I entered the market in August which is probably the worst time you could have entered this year with the bears but I I've still ended growing my portfolio significantly because I have adapted many of the things I learnt here to work for me. When I provide analysis, I am hoping someone will puncture it constructively so I can look even deeper.

Stock trading is not rocket science to me. If you really want to learn and you focus you will but you can never stop learning.

I have no beef with anoyone's method. I am always looking for something to prod my antenna. FatherOF2 has shared brilliant strategies here and I have borrowed (not returning them sha) from some too.

Fundamentals has worked for me big time and I am not about to throw it away. I learnt it here. Other methods are welcome. We are all learning.

I hardly ever buy a stock because anyone here says it is great. I try to reconfirm and convince myself that it is so. If I am not convinced, I let it pass.  You will do much better if you learn yourself. Very much better. It's all up to you.

r u serious? chei may your pump never kaput
men i must say i'm  seriously impressed i would have put you as someone who's been doing this for years wa o

That goes to show there's no limit to what you can learn infact you have challenged me now i have started learning technical analysis now so i can start pumping technical as well as pumping sorry i meant to say fundamental analysis_{waiting for easimoni's spreadsheet}

keep pumping

bigjay01:
Having said that though, I tend to lean towards Fatherof2's school of thought. I, like a lot of people are beginners, I need to know how the technicals translate to decisions.
If company X's PE is ~13, what does it mean for me? For people like like Roughcut, pumping, wanaj0,easimoni and the rest of the Gurus when you arrive at this kind of figures for company X it would help a lot of us if u tell us if you are buying or selling.

I do understand that yoy are not obliged to do so, but for brotherly love do it.

At then end of the day whether Jonah swallow fish or fish swallow Jonah, there was a swallow. Whether technicals or hit and run, all we want to do is make money.

pls and pls read this thread it would bless you real good and if you feel you still need to ask questions by all means feel free its only 4 pages!

https://www.nairaland.com/nigeria/topic-82565.0.html