₦airaland Forum

PETERiCHY:
You just said the CRUX of our message but some will keep frustrating themselves thinking it is others that is behind it.

While some of us sealed very good deals between MAY/JUNE when the opportunity came and are ready to wait for months, if not years to get better bargains.

Nigeria Stock Exchange is no longer a place you put your money and go to bed that ERA is dead and buried else the Cowboys will frustrate both you and your money. Period!

*ThE OcToPuS*

DeRuggedProf:
Dangflour SKEWING....

bolabiyi:
chai....wetin person go buy now for dis market sef..I just tire...never bin dis careful...

stcool:
https://nairametrics.com/uba-share-cancellation-explained-but-questions-remain/

Unanswered Questions remain

Despite the robust explanations by the bank, a few pertinent questions remain unanswered. Figures from the 2016 annual report of the bank show the Earnings Per Share was calculated using 34,054,857,094 shares, excluding the shares held by the SSIT.

The bank has used two different outstanding share figures to calculate earnings and dividend per share respectively. In addition. the bank’s balance sheet does not contain any entry in respect of the dividends and bonuses accruing to shares held under the trust. As the confusion rages, the bank has maintained silence in the midst of a lack of transparency. Emails to the bank’s investor relations unit have not been replied, as at the time of posting this story.

If the Vanguard story is true, then I think it is good news for both UBA & Afriprud, just that UBA benefits more in the short term. Any borrowing to buy the shares by APR would obviously be reflected in Q3 report.

But Uncle TOE...I salute. More confusion for the masses!

lancee:
http://www.vanguardngr.com/2017/07/african-prudentials-acquires-6-uba-shares
African prudentials acquires 6% uba shares
AFRICAN Prudential Plc, in a special off market transaction, has acquired 2.08 billion units of ordinary shares of United Bank for Africa, UBA Plc, at N9.47 per unit amounting to N19.7 billion.

Read more at: http://www.vanguardngr.com/2017/07/african-prudentials-acquires-6-uba-shares/

Rex123:
Hello house!!
I am still new to the market, I am considering buying some stocks.
which would you advice me to go for and why? thanks

DeRuggedProf:
This was a stock they were pricing like rotten tomatoes just this morning...

Next surprise = Dangflour

NB: Not a buy advert.
I am sentimentally loaded there.

yok:
MARKET RETRACES- FIBONACCI COMES TO PLAY- WATCH 31,887.96 LEVEL

This week ended the recent bullish run in the market. But, the general uptrend is still on. The next determinant point will be the above level of 31,887.96, if market refuses to bounce back at that point, the index may go down further.

However, the interesting thing about this market is that it is only equities that gained more recently that are mostly affected by the prices collapse/profit taking. I expect the down trend to continue next week as the funds need to realize some profits for their shareholders.


There is high probability that the bull will only return in July. Therefore, if we see that our position is threatened it will be a good time to sell. I see no justification, in allowing a profit to turn to a loss in the face of rapidly falling prices, when I can still pocket some profits now, then come back to buy same equity at as lower price. For this reason, if I bought May and Baker at about 3.50, by the opening of the market on Tuesday, I will liquidate all my holdings fast.

Likewise, I am keeping Dangote Flour under close watch, once it goes below 4.50 I will sell for a minimal loss of about 5%. I expect this to retrace to about NGN3.65 To 3.85 which will be a fantastic entry point again. The chart for this is shown below.

Knowledge of technical analysis is an edge in this market as it keeps one fully confident of what to do when there seems to be confusion in the market. For now, I have liquidated some stocks to have funds to play the Quarterly return game, which should be part of the bread and butter strategy for a good technical analyst. It could be risky, but if we know how to play it, it is highly rewarding. This is the junction we have been waiting for. I will give one "expo" here within the next 2 weeks.


Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

DeRuggedProf:
They prefer recession..

pluto09:
Good one. Very much in line with expectation.

DeRuggedProf:
Displaying the antics of the female Mantis, get attracted and your love life ends...

DeRuggedProf:
A Crude cabal, cacophonically conducting obnoxious deals since the days of John the Baptist, after the elimination of EXCEPTIONAL ITEMS...

priceaction:
:
So how much is your signal? Say it here because I don't hv watapp or credit on my phone pls.
Can I get 3 free signals here, so that everyone can see that it really works and you are champs

emmanuelewumi:
I guess management, insiders and some investors like me bought at those prices and even at lower prices. But those purchases were done in the personal capacities of management, insiders and informed investors.

The share buy back was approved by shareholders during the last AGM, and the buy back was done by the company. I share buy back also needs the approval of SEC.

If you are a value investor you will agree with me that UBA is not a N10 stock.

robobo:
wicked question

but i think it is because share buy back is not authorized in Nigeria (just like short selling is not ) , i might be wrong though

could also be because this is being bought back from a staff scheme which has a shelf life which just matured (hence not available when it was N3 /N4 / N5 e.t.c)

my layman thinking though, wld appr8 the experts opinion on same

emmanuelewumi:
Why waiting for market reaction? Market reaction might not be positive immediately.

When Fbnh had her agm the market did react immediately, but those who bought immediately after the AGM should have made 70%.

emmanuelewumi:
I think that is a nice one from Tony.

Management who have confidence in the future of their companies should not be bothered by the cheap valuation by the market.

If the market value my company at N9 and I know that the company is worth N15, the best thing is to buy back the shares.

locodemy:
If it is a good news,it must surely reflect in tomorrow's trade.I doubt it.

OBAGADAFFI:
Interesting!

Zhirinovsky:
Una dey price like say na tif we tif am.
We no dey sell again! We wan use am!!

kolaish:
Good points, In addition, I want to say that the beauty of this forum is the gathering/collection of both positive and negative information from all members, which you can hardly see elsewhere. There are times I see certain information that informs my investment decision in a particular stocks and I have mostly benefitted from it, though not all have been profitable but at least 85% positive.

Please let us cherish each other and avoid making negative comments on personalty.

Manonamission:
Please guys, don't let it escalate beyond this point. We really ain't interested in who's got the best arsenal of insults. Cheers.

kolaish:
With due respect, you may not be fair in your assessment. It is the duty of all in this forum to draw the attention of others to whatsoever anyone see and from their own perspective (either positive or negative), we cannot all sleep and face the same direction. Even our dear Peterichy do makes some good points at times.

fordunit:
Investors Only!

We are currently developing what will be the next ebay of Nigeria and subsequently Africa. The project has been percieved by few friends in the tech arena as the next big thing that will disrupt the e-commerce ecosystem. Owing to the huge fund needed to get this product off the ground and because we have no interest in sourcing funds from venture capitalist firms, we are inviting investment saavy individuals and entrepreneurs to join us in bringing this e-commerce product to reality. We have a team of web developers, graphic designers, VFX & CGI experts already working on the product and if this become the next big portal on the internet and you are not part of it, it would be another case of those who ignored Microsoft & Facebook founders.

We are looking for only 50+/- people to join us as venture capitalist investors who will own an equity stake. You can use the whatsapp link below to join the whatsapp group where details of the program, what is in it for you, what stage we are now, including the strategy for sale and revenue generation will be discussed. When you join, please be patient until we are satisfied with the numbers before we commence the meeting.

Kindly add 08066116166 to whatsapp and ask me to add you to the group.

Here is the group link please

Waiting for you...

Ford.

Feshizzy:
What is your definition of fraud?
You try to talk like someone that have sense,
What's your solution to all of these Mr Wise man!
Their business has nothing todo with FTA!

soloniger:
oga I am referring to OandO as #JOKE OF THE CENTURY# ooo