₦airaland Forum

KenBen217:
Ive been following these stock thread for a while,I just need a few assistance on navigating this market,I decided to venture into the stock market and I bought some stocks,sundial towers stock,anyways I decided to check my portfolio and discovered that the stock has depreciated over the last days. I carried out some research on the company,it is a premium cannabis manufacturing company. However I need to know from experienced investors,what do you look out for when investing in stocks because I know this is not guess work nor is it entirely luck. How do you source information? What statistics do you look out for and where? Thanks in advance

samguru:
Good evening @Nigerialabalaba

I having been reading and following your submissions since you opened discussion on this Fx matters and at this juncture, I want to let you you know that you have little or no knowledge about dynamics of FX at all.

If you have been tracking Nigeria Balance of payment in the last 5 years, you will discover Nigeria has been consistently recording balance of payment deficit, which implies we have been importing far more than what we are exporting. what this means is our dollar earnings is dwindling but we are spending more dollars everyday.

The diasporas that should be helping to reduce dollar demand pressure are holding on tight to their hard earned dollar as they know naira loses value quickly.

Our politicians are making dollar scare, as proceeds of their corrupt activities are always stashed in dollars(in their wardrobes),also the rule of PTA/BTA does not apply to them as some of them spend as high as $150,000 to $300,000 on a single trip.

If we want naira to be strong, we need to start exporting massively so that we can have more dollars.

The fintechs are not the problem at all as the FX they consume is insignificant.

mickel00:
Sent you a PM already.
Bu I’m starting the program next diet.

samguru:
From the insiders

Access bank was good with interim dividend
UBA good with interim
Zenith bank average with Interim dividend
GTCO not to good
Stanbic IBTC below average
Fidelity Bank good

yMcy56:
Depending on the variables you're looking at.
They still tried by paying N1 interim dividend anyway.

yMcy56:
Result:
Company: Good........but Group declined by 26%......

Nevertheless, a N1 interim dividend was proposed by the Directors.........as against 40kobo in June 2020....
** Hope I'm seeing right........let person wey no dey use Spec check am for us.

Raider76:
STANBIC

https://doclib.ngxgroup.com/Financial_NewsDocs/34059_STANBIC_IBTC__HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STAT.pdf

Haven't gone through it

yMcy56:
Let's just hope they mean what they said this time around..........and also believed that First Registrar wont talk otherwise.

Pls if you get any info or payment from that quarter, kindly share.

yMcy56:
UNION DIAGNOSTICS
Hope for shareholders at last?

https://doclib.ngxgroup.com/Financial_NewsDocs/34057_UNION_DIAGNOSTIC_AND_CLINICAL_SERVICES_PLC%20NOTICE_OF_D.pdf

Cc: @Samguru .......and other shell holders.....
Anyone with update should pls share here.....

samguru:
GSAT

Buy this great telecommunication company it has been trending upward and it will continue.

samguru:
From the insiders

Access bank was good with interim dividend
UBA good with interim
Zenith bank average with Interim dividend
GTCO not to good
Stanbic IBTC below average
Fidelity Bank good

leparj:
were is uba half year result? Did I miss it?

OBAGADAFFI:
Mine since 2014.

After filling and taking the mandate form to their office, the old Mama told me to got get a signature specimen from my broker.

It is not funny at all o.

OBAGADAFFI:
This is currently what is happening.

Only a few Registrars like Flourmills are not coorporating.

megawealth01:
MTN just landed... This is juicy

Mpeace:
Pls when is CBN releasing results of Zenith, GTO, Access, Fidelity, UBA.

Raider76:
A new major investor, Preline Ltd, has completed the acquisition of 60.89% shares of Eterna.