₦airaland Forum

akinssan:
For the past, last 6-month UBA has been trying to break the N6.40 prize zone four different times without any success,
any hope for a break-out, since we have had two false breakouts...Are we expecting the messiah break-out now?

Any information?

cc CP, OGG, BBM, Peteru, Agba
My Rebekah, Mcy56..

It does not need to break...let it come back below 5.90 - 6.20.

Fy end and result release is still 6mths away. No need to hurry

currentprice:
Lol... no intention to parables this o, thought i put the bank name ni. 33 @ work

it what everyone knows already. it a day to day mention here, na UBA

the bank data is wonderful for those who knows. the more i check d numbers the more i fall for it.

the fairprice is great. fullyear result will surprise every one

fingers crossed

let me keep my head safe with helmet before stones started flying

Make una leave UBA... Na accumulation I dey since!

From now till December all investment money goes to UBA!

All of us cannot line up for UBA make some go for Zenith!

Access & UBA result is making me unhappy with holding my Fidelity.

Access looking like future GTB in retail banking
UBA looking like future Zenith in Commercial banking

If UBA can come lower, would add more units and wait for mark down to enter Access!

Krisuba:
How far can uba go before qualification date? Any idea ple share!!

UBA I am not interested in the 20k dividend...drop in price after int. dividend closure date is what I need so as to enter 2nd batch.

Chibuking81:
It's a high risk to put borrowed money in NSE, most especially loan from bank. In fact it's disastrous, it can kill.
Its never advisable to invest bank loan in NSE.

Nigeria is a country where little news from foreign nation affect the economic, crude oil price affect, politics and election also affect. Manipulation is at great increase.

Country where company will pay dividend this month and go for right issue next month. Country where companies will have positive retain earning for years with low dividend payment, only to declared huge loss in one year and write off borrowed money from the CEO and his gang group as bad debt.

Using bank loan in the individual managing business is better than gambling it in the name of stock jijo. Stock is good for investment, not good for JiJo investment strategy.

Borrowed money from bank never fit in investment ideology, you only invest what you can afford to lose that you have, not what you can't afford to lose that belong to someone else or organization you will continue to pay interest even when the capital borrowed enter voice mail.

Better still let him keep investing between now and December portion of his monthly income that he can do without interest charge than to get his money from bank in the name of loan and keep on paying interest on it. Since the source of deduction is his salary, it's better he invest monthly till December from that of his salary than borrowing his money from bank. Because I see it as his money in advance.
As things are now, he might get some good stocks cheaper in some remaining months before December.

This is the best time to get a loan in Nigeria...next year is not guaranteed with regards to CBN policy.

The loans are not backed by assets and in most cases tied to your salary. What you do with it is now left to the borrower.

I have a loan I invested in equity that I intend to offset by year end. After that I will go for a GTB max loan and same will be channeled to UBA. Duration for a GTB max is 36months with options to exit anytime at no penalty. It also comes with insurance.

If I would take a loan and invest in a business in Nigeria of today...I would rather invest it inside the market because both hold same risk for me.

Else I stay away from both the NSE & investing in a day to day business.

In summary for me, taking a loan to invest in a day to day business in Nigeria holds same risk as investing inside the NSE.

Godlylifeoneart:
IS IT WORTH GETTING A LOAN TO INVEST IN EQUITY?

RECENTLY THE MASS MEDIA HAS BEEN FLOODED WITH OFFER OF LOANS BY FINANCIAL INSTITUTIONS.
A FRIEND WAS CAUGHT BY GT BANK ADVERT OF NON COLLATERISED LOAN OF N5 MILLION.HE IS DETERMINED TO GET THE LOAN WITH UTMOST AIM OF INVESTING IT IN EQUITIES.
I HOPE THE HOUSE CAN SCRUTINIZE THIS MOVE AND POSSIBLY GIVE OUR DIVERGENT VIEWS,
We should consider the fact that investing is a marathon and not a sprint which is the order in Trading.

His view, if he can afford the monthly repayments, is it worthy taking out a personal loan of N5, 000,000 to invest in EQUITIES, NOW THAT THE INDEX IS DEPRESSED. His thinking is that the big lump sum investment will allow compounding to work its magic all the faster when the bull returns. – more so than (much) smaller monthly INVESTMENT over time.

My view , a preferable strategy would be to invest a monthly amount into a diversified portfolio.
Judging from unpredictability of NSE and other global bourses during this Donald Trump Era. Precisely, no one has a crystal ball to tell us what the market will do next week
Obtaining loan with no collateral at 17% to 21% interest rate is not advisable judging from the bourse that has returned - 12% YTD at the close of market on 30th August 2019.
The TB and return on bond hover @ 13.5% to 15%.
MMF is lesser. This is excluding inflation rates gazetted by the FGN @11 to 12%.in order word, The absolute yield on TB - inflation is 3 to 4%.
The cost of borrowing money in the form of a personal loan is likely to be higher than the long-term returns one can expect to achieve from investment markets.

Expected returns from the NSE are approximately +/5%, @inflation plus11%. Therefore, with inflation currently at 11%, we can expect the market to provide a total return of around 5% per year over the long term.This is the best case scenario. Just my permutations.

As interest rates on personal loans generally start at 17% per year, it does not make sense to borrow money in order to invest.

Rather than borrowing a lump sum to invest in the markets and servicing debt on a monthly basis, a preferable solution would be to invest a monthly amount into a diversified portfolio with mix of fundamentally sound and dividends paying equities,
TB, Bonds and Forex edging. Coz no one can predict the direction of Nigeria economy due to government of personal interest, poor regulatory activity of listed companies, executives exorbearance, executives attitude of CEOs (winner) take all. Cooking of audited results to reflect CEO interests and wishes. Exaggerated cost of running businesses, pandemic corruption in listed companies.This made investing in Nigeria bourse a high risk.
While your financial position may be similar in the long run, your risks will be greatly reduced as you will be investing in the markets on a monthly basis as opposed to investing everything on a particular day.

Given the poor market returns and volatility experienced over the past few years, I would caution against trying to time the markets with a single lump sum investment from borrowed money.
If you are borrowing money at a much higher cost than investment returns have achieved, you will effectively create a situation where compounding is working against you.
THANKS, YOUR SCRUTINY IS WELCOME.

Since deduction is from his monthly Salary all he needs to do is adjust his lifestyle and invest the loan in stocks with good dividend yield between now and DEC.

He will make good money!

TraDeRR:
How was the DF loot enjoyment ?

All glory to God!

My portfolio is now mainly...
CHAMS
FIDELITY
UBA

TraDeRR:
Morgan Capital see 66 naira dey send out forms LOLZ
I hope they’ll not block you from selling on the floor while 66 form will be pending forever

me I know get power to argue again. I will just be watching and keep loading UBA.

When I enter a stock I make it open..same way I said about DF and even took a loan to accumulate more I announced it here.

My joy will be more on Monday if UBA can hit N5.40 and below next week let me add more units.

Let time tell. Good luck to all.

PETERiCHY:
They CLAIMED to purchased 75% stake at a whopping N66 per share from Ote$ where as in another newspaper publication they were pleading with their shellholders not to sell at subN20.

Last wk they saw their yeye stock was trading at N14 jejely heading to it N6 fairvalue the same set of crooks had emergency meeting and QUICKLY came up with another story of purchasing at N62 and some gullibles are jumping up

Most Nigerian CEO's are nothing but CROOKS,
I only WEEP for uninformed investors

Exactly, such juicy offer was coming and stockbrokers did not mop up FO shares on the floor...and allowed me and you to keep buying.

The stocks that had good deal how many units did me and you see to buy?

Everyday people will carry the can! Enough said.

They bought from Ote$ at N66 and after then price continued to nosedive. They will do anything to save the price.

I just avoid such stocks... With NSE I am not in a hurry!

My pain is if on Monday they rush out of FO, they will now come and bid UBA higher for me.

I just wanted to continue accumulating UBA below N6 until yr end.

2zona:
The way the stock has been so resistant to go above 6 is just so annoying. Lets see if it will break out and establish 6 naira support on Monday.

Make them hold on...I just started buying.

I need to accumulate a good quantity below N6. No need for UBA to rush and rise in my opinion.

In a bull market UBA can easily hit N10. I need to buy more below N6

I did not like the fidelity result... Hence the money I kept to add to my fidelity shares out of anger I bought UBA.

I would accumulate UBA from here....I like what I see!

2zona:
http://www.nse.com.ng/Financial_NewsDocs/27462_U_B_A_PLC_FINANCIAL_STATEMENTS_AUGUST_2019.pdf

And I just bought UBA today...

It offers more value for me than GTB & Zenith.
Will look to add more units from here in coming months.

Mpeace:
Hw I wish that zenith or gtb will just buy fidelity bank at 10 per share.

Fidelity owners sell to GTB....cannot happen!

arduino:
My NSE School fees so far @ over N600k (year to date)
Biggest contributors to the fees are FBNH, UBA, Transcorp and JB.

Well received. We would check with our records.

Signed!
Accounts dept.



Na joke oh! But this is moderate with all the bears!

Mcy56:
Okay....but abeg, the woundjurement of the past months were much, allow people recoup some of the losses.
This negative energy is not helping matters here. You're much better than this na.

Alright!

Mcy56:
Is this oga's account hacked?
Cant just believe some of the things I'm reading from you these days.
Are you saying those that entered at 16 and taking profit at 19+ wrong, or if its you wouldnt you first take profit and then come back and position for the dividend plus possible price appreciation again?
I'm not understanding at all.

Of course one can enter a stock and pull out at 10% rise in price or more. What I am saying is the NSE is still far from bullish run!

currentprice:
no problem bro. instead of stoning just try and let go when u miss one opportunity cos another one go come.

i know u to be good trader long time ago when u trade forex, i use to follow u on your blog site. dont know what makes u become a stoner

anyway let me go close my oil trade at other thread make i carry my kaya close shop for the weekend.

hard work pay

I am not stoning o! Just stating the fact...

Stock that made a new low and bounced from it,should basically retest the low.

And if it forms a bullish pin bar month then we should retest the support.

If on retest we break the low of the pin bar...

All hell will let loose!


Anyways I still dey trade forex o! The thing dey chop me I dey chop am too.

No retreat No surrender

dharpzee:
Kai, which kind of manipulation is this, Zenith wey don enter 19:50, they come bring am down back to 18.70.
Omo the more you look, the less you see o!!

Load more now its cheap...we are going to N25

Don't miss the bus...

currentprice:
Lol dont worry about that.

i have even post something related morning and i ask u to quote it when time come cos of u dont i will quote myself when time come

see the post below
vv
v

Its cheap as you are telling them.

Let them buy now at least it can get to N25.

lmao! The people that will rush and load today that I am laughing at.

currentprice:
Lol dont worry about that.

i have even post something related morning and i ask u to quote it when time come cos of u dont i will quote myself

see the post below
vv
v

Although you did not list the stocks... I know its clearly Zenith & GTB and when price breaks lower in the year...I will make reference to it.

currentprice:
your stone small na. @ what price did i identified caventon on dis thread? @ less than 1.20 so how much is caverton today even with bears over the period caverton still selling above N2 today. i can tell u the stock fairprice still double the cp

for my recent buy u mention, i have been shouting for a while about 3 days bonaza before enter mkt. as bonaza sighted i posted on this thread day one of bonaza even advice ppe to buy zenith that day saying they cant see better price than the 16plus trading on that day.

bro be humble and learn to add more TA to ur strategy to avoid those mistake of buying WAPCO at 40 plus when fairprice pointed below 20

Stayed long on NSE not to be carried away by fallacy!

The once that hail you can help you push it...while we wait for them to crawl back into hiding when price reverses.

Anyways we saw N16 we shall still see N15 and below...hope you will defend it with TA.

currentprice:
Zenith enter the cloud with good Pinbar... let wait and see how it end the Month

to some ppl zenith will start falling after the mark down of interim dividend. okay o

Once you buy a stock you start disturbing the thread with graphs and constant update.

Don't confuse newbies to jump in , you have bought at at your presumed low price.

Allow us to rest! Same way your forced Caverton on them. What is the price today?

PETERiCHY:
Nigeria’s newly sworn-in Minister of Finance, Mrs Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue.

Mrs Ahmed disclosed this at the headquarters of the ministry shortly after the inauguration of the new ministers by President Muhammadu Buhari yesterday.

She said, “As you know, our nation is facing a near fiscal crisis, and it is up to us to make sure that it is arrested and ensure that we don’t slip into a crisis.

https://businesspost.ng/2019/08/22/nigerias-on-verge-of-crisis-economy-still-fragile-finance-minister/

The same FG that is planning to inject an imaginary 600B naira into the power sector

Well after 4yrs of promise and fall ANYONE that will still make investment decision based on govt pronouncements got themselves to BLAME

No stress yourself.....let the market collect its school fees as usual

Abi as school dey open Sept. you know no say both children and adults go pay school fees.

Na the ones wey dey see imaginary pin bar for NSE I dey laugh in 4+4

Sylver - Minister of State for Pet...

Good morning all!.

Zenith can't even see N20 until 2022!

I move my funds to $.

Chibuking81:
Is like you miss the bus? And you want it back again? just joking.

Dem still dey miss bus for NSE

For stock like Zenith to get N25...it must pass through 18, 19, 20, 21, 22, 23, 24

Still waiting at N15 - Zenith
N20 - GTB

It means even if Zenith hits N15, I would wait GTB to hit N20 before buying both Zenith & GTB!

Agbalowomeri:
PMB will pay school fees for us ni

If you follow News headlines...I love a particular headline when stocks starts falling in Sept same time schools start resumption

Or did PMB loose?

With a dwindling economy the sell off in Sept would be a Volcano!

Those rushing to buy now should not forget school resumes in Sept...

I dey laugh in school fees or did PMB loose at the Supreme court?

mendes911:
My Bank PHB and Dunlop are still very fresh. I just understand how Stcool feels. It can be very tiring. LOL.

Una go kee me with laugh...
But currentprice too dey bring up old post!

currentprice:
I still they laugh to these post

Let me address your mediocrity...
You are posting a quote from 2018 that I already moved on from long ago.

Fast forward to 2019 the profit alone from DF you will only keep dreaming about. I don't hide my positions!

Compared to your compounded loss on accumulating GTB, you come here to disturb on 0.15 daily gain.
Why did you not make noise last week when you bought!

You go dey alright! We dey wait...keep accumulating!
When I buy I will announce it, not your noise when you see 0.10k gain.

currentprice:
keep singing Buhari! as u have seeing his 3rd term agenda already.. Goodluck

We go shine teeth when GTB goes below N20