₦airaland Forum

I told you to stop drinking!! e don do, drunkards are laible to fall into gutter!

nairavsdollars:
Why is Guinness going down the abyss??

The concept of average down is double edged sword. You should only use it with investor strategy, not with trading strategy. So have a plan and work the plan. I bought Zenith at 17.5 now it is at 14+ why wouldn't I average down? I have already received N2.8k as dividend or less depending on when I accumulate. The problem with a lot of US is actually risk management, time horizon and margin of safety. You only go to market when there is sales to buy quality stocks at cheap prices, stop loss is not the best option for an investor if you have a good margin of safety in place and your portfolio is well diversified. So there are a whole lot of things to consider while taking position in a stock. If a stock stop performing as an investor you could sell with little loss, margin of safety would help you out because you had already bought it cheaply. 30% gain in two stocks and 20% loss in one still makes you a profit of 40%, which I think is good.

Traders must use stop loss., it is better to have seperate funds for investment and trading. The two should not be missed together and apply different strategy in managing them.

seyisanya:
Another awesome point. Yes, don't get emotionally attached to a stock. But if it's the only stock in your portfolio, then it's only human to get emotionally attached to it. Another reason to diversify! Regarding averaging down, I guess it depends on how it's done. If done properly, you'll come out victorious.

For example: I first bought Nestle at N913, then it went down to N750. I bought, even much more than my initial holdings, then I sold everything last Thursday at N970(intraday). Sweet gain! Other examples are GTB, Zenith, Cadbury. Thanks to proper averaging down, they are all now well above my break-even prices despite high initial purchase cost. Even Warren Buffet averaged down on Delta airlines before selling all his airline stocks. He might not admit it but when you check his moves in March and thereafter, what he did will become clearer.

Merger with Diamond bank could be the reason for some of these highlights.

I always feel for our brothers and Sisters which this bank would make to suffer again.

It is well

Coolcash1:
My take on Access Bank 2019 personnel cost;

I just did an analysis of the bank’s personnel cost and realized that the cost went up by 35% compared to 2018. While gross income rose by c.40%, net interest income went up by 59.3%. In effect, the effective upside recorded considering surge in staff cost is just 5% increase in gross income and 24% in net interest income.

Further breakdown of the personnel cost showed that 70 persons were recruited/promoted into management cadre and over 2000 staff recruited in last one year. Thus, number of employees alone last year rose from 3998 to 6553 whilst management increased from 275 to 345.

The cost implication of this distribution is that, Access bank is bottom heavy meaning that if it doesn’t shed weight, efficiency will be eroded and might die natural death with time.

This however does not mean the top management and board should not be touched. There is need for some salary cut and reduction in the number of managers and board directors to complement the gain from the staff reduction.

For instance, I don’t know what the bank is doing with 10 GM, 18 DGM and 33AGM. This is just excess load on the bank’s profitability.

In the end, i think the step that the bank is taking is tough, painful and hard but justified. However, as a modification, it should consider salary reduction, rather than send over 4900 staff into the labour market to further worsen unemployment in the country.

Also, beyond top management pay cut, the bloated perks enjoyed by them should be reduced drastically as part of the rescue plan.

Where is DS financials? It is taken too long nah ?

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29835_P_Z_CUSSONS_NIGERIA_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf
http://www.nse.com.ng/Financial_NewsDocs/29834_LINKAGE_ASSURANCE_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

time to cut loss.

RabbiDoracle:
oya Mark your answer script yourself.

IMO. A bad result is a bad result. I could only buy when it produces good results

before then price would have pummet to give a reasonable margin of safety.

DeRuggedProf:
JUST AN OBSERVATION:

Going by the FULL OFFER that UACN had a few days back, that offer has almost been mopped up now if you compute the volume so far and the few that decided not to bother selling lower again, as they could not sell at N7.5 the first full offer day, it MIGHT be closer to reversal than anticipated. I wont be surprised to see it on FB on monday, the likelihood is VERY HIGH...

NB: I don't have a single unit here and also DO NOT intend to buy. Just to provide a balanced view, cos the accusers of brethrens are among us...

Naa football field

naturalflow:
gtb!let's go!

When you buy always bear in mind that official last price is 20k

That save yourself a whole lot of trouble.

TraDeRR:
FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

Especially if the noise is not supported by Figures. It is better to run

Valueinvestor:
I just like to avoid stocks with too much noise.
One can always come for it, when the noise has died down or when no one really cares about it again

where you see am...........................................

ojesymsym:
With crude selling at this $11, the hunger wen de front plenty o.

I am not talking of OANDO as penny stock. I mean when OandO is the talk of the town. It finally become all talk no action? Go wait for UACN N6 hope your followers would be glad to stone you

We are accustom to JIJO and knows what works. not UACNfor now.

PETERiCHY:
Is it not the same OANDO that some folks got at N2 as we advised and bailed out at N2.40 #2.60 and N2.90

If you ain't conversant with the GAME simply go into FARMING BUSINES S.

Damagers are still around go put your head. You would know how far?

Wale has taught me a lesson that touches the heart, not any more. Hope is never a strategy

PETERiCHY:
Learnt the CEO is 37ys old chap former under WALE tutulege that will give you a lead to their mind games. The 10k Dividend is to further infuriate the shareholders that don't know what's up to give up their holdings...

But like I said earlier we are patiently waiting for them at sub N6 come Wednesday.

BARGAIN HUNTERS TAKE NOTE

and;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; .................................. latter recovered. Back to the promise land- Italy

thebargainhunte:
It is now suffering from corowapco virus

Yea, table is changing 11,5. bids getting higher than offer.

DeRuggedProf:
Seems the stock shook hands with that Italian guy that visited the factory....

You will miss the move again?

PETERiCHY:
WAPCO now heading to sub N11 let's sharpen our cutlasses when it gets to circa N10 so we can go for another jolly .

BARGAIN HUNTERS TAKE NOTE!

Prof, WAPCO will make it, it is a matter of time, UACN is in deep trouble.

DeRuggedProf:
Richy MUST deny WAPCO and UACN three times before he will be bailed out.....
Price is now recovering all the 10 10 10% credit he was given before. Its like borrowing credit from MTN, once you load, the real-time billing system goes into action with programmed obedience.
WAPCO BIDS are gradually self isolating from offers, from N12.95 to N11.50 now, na so price quarantine dey take progress....
No symptoms at first, while shaking newbies with a grin....

See, here under dont hold any water It is too subjective my friend.

OakPearl:
UACN will pay me handsomely as projected before investing in it.
All projections and permutations regarding the released result were all expected.
The only new thing is they went ahead to pay dividend of 10kobo. This was not expected in the 2019 financial performance so has passed as an awoof.
The management has been brave enough to proceed with publishing their results and stuck to the plan from last year.
If you bought for long term like some of us, don't be deceived into selling off now.
It's a natural reaction to the dividend payment.
Buy from sellers if it becomes ridiculously cheap.
We are in end of April, the date for the unbundling is closer than ever. This same market will respond appropriately.

I can't speak for those who bought for jijo though.

Well, I could have waited for someone for your post and review b/4 buying DS today?

DS on longterm radar and short term is very good.

1. Backward integration with savanah Sugar
2. Yet to declare dividend. ( Consistent payer)
3. Price is relatively cheap with a stock that use to do up to N21- 24.
4. For the merger I expect bigger valuation with no dillution because Savanah Sugar shares were cancelled.

I wish I have more money, I would long. Please DD advised.

9jatriot:
Who can do a small review for
Afripud
Dangsugar
Buacement

Are they good long term buys?

Well I dont know how this would work. Since it is as if it is being ignored, I want to say dont fall for scam.

Take serious caution

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Yes Sir. that is the solution to the madness. Understanding figures and market experience say it all

emmanuelewumi:
Stick to whatever works for you, I am okay with my style.

I invest with figures and if the figures are good, I hold on as long as the figures justify the valuation of the businesses. This doesn't stop one from capitalising from the madness in the market.

Humm, if you based your decision on figures, I will follow you.

BrokerHaruna:
Watch out for Guinness. The alcoholic beverage industry has shifted to spirits and related drinks. A field where Guinness is presently dominated. At the current price, I see a lot of promise.

Oakbranch:
Thanks a lot Oga me, we learn every day and that's why we must read to be relevant in this business. I bin think say na Chivita before o.

You are the BOSS AT THE TOP not only interm of knowledge, you still possess the qualities and strength of character

It is God's gifts

RabbiDoracle:
CP and FXUSER na my Ogas o.

You can't learn in isolation. You learn with guides and brainstorm with them sometimes.

Yea, It is all power play and balances.

OBAGADAFFI:
The influence of US and Russia on OPEC is too strong.

I believe the Saudis are US mole in OPEC, they seems to agree with US on everything.

Let us be more accommodating. There is no where in the world that those words are not constantly mentioned,
The person that need further research is the one that lacks knowledge of their meaning. One love

Northeastern:
So Twitter is now the new authority of finance/economics lexicon. Go to investopedia and look up the specific meanings of those words and see how poor a job you did in rushing to make this post.

You qualified tbills with short term borrowing, but left bond and leverage.

How can qe be a buy and stimulus be a sell? Are you not aware that qe is a form of stimulus?

The SCO is an oil etf that profits from fall in oil prices. How would you describe a long position in the etf vis-à-vis oil prices?

Many of the words here are rarely used in the Nigerian market and nobody takes the posts here seriously else what you have done is not different from touting a wrong prescription as cure for an ailment.

Let us be more accommodating. There is no where in the world that those words are not constantly mentioned,
The person that need further research is the one that lack knowledge of their meaning. One love

Northeastern:
So Twitter is now the new authority of finance/economics lexicon. Go to investopedia and look up the specific meanings of those words and see how poor a job you did in rushing to make this post.

You qualified tbills with short term borrowing, but left bond and leverage.

How can qe be a buy and stimulus be a sell? Are you not aware that qe is a form of stimulus?

The SCO is an oil etf that profits from fall in oil prices. How would you describe a long position in the etf vis-à-vis oil prices?

Many of the words here are rarely used in the Nigerian market and nobody takes the posts here seriously else what you have done is not different from touting a wrong prescription as cure for an ailment.

Thanks. The effect of merger is more of my concern.

emmanuelewumi:
Zenith bank is bigger than GTB, although GTB is more efficient than Zenith bank

I am thinking there is more to ZEE , the merger of UNION bank may soon be communicated

ZEE would be bigger than GT if this ultimately occure. My advice buy more of ZEE for keep.

seyisanya:
How many people who bought at this price still have it in their portfolio? Very few. Most that bought at this bargain price have jijo'd with it when oga Agba announced his exit. . Like sir Oracle stated yesterday, the wealth transfer has already happened!

Congrats, We are aware there is a load of resistance around 12,8 - 13

Bomboclad:
Successfully out of WAPCO @ 10:00 hrs this morning with my loot. I hope it goes further so passengers can keep up the enjoyment.

Dangsugar on full bid too

@rebekah, My bros you don see your WAPCO now?

rebekah2011:
This is not Oga Loco that I used to know.

The lowest any stock can get is 20k. It may be funny but true. No stock is exempted.

Mcy56:
Seems you don't get what Pa Emma was saying there. I even had to share it for reference purpose.
He was actually addressing those waiting at N5 junction sarcastically. Read it again. At least that was my interpretation of it.