₦airaland Forum

mendes911:
First, it was Dangote Flour and when all analysis and paralysis failed, they blamed it on Stock Manipulation.

Now, it is Honey Well Flour. On it's own decline, after it's own recommendation, analysis and paralysis. These flour companies shaaa.

It is "WELL". Even with "honey" inside the "WELL".

Dangote Flour almost retired them, almost "retired" them same way Sir Loco retired that their second moniker, not every gentle guy is actually gentle.

We "DIE" here.

Just beware of these prophets. The very "fake" prophets and their insights.

I still await that air crash. That will surely break the camels back!

Lol...

Abeg o...

Rany4all:
Actually not too sure whether the picture shared above is that of Bella though...had pictures of her and her litter mates on my other phone but lost all my pictures on that phone, including those of Bella and the other dogs, when the phone developed a fault and had to be 'flashed' to get it back to working condition...

Aww...next time please save on one drive or google drive.

musty00:
People are buying and selling CAUTIOUSLY this morning

No one is sure which route to take

"Human nature is such that we become either too confident or too fearful when circumstances change"

Gaius Julius Caesar

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

You took all the right actions post purchase of that stock! Nothing to worry about. Your sales proceeds should fetch you more than the quantity disposed in not too distant time.

debenzd:
This what most fund managers are saving their money for.

I jump and pass...

It will most likely follow the MTN Ghana IPO structure which will include an "offer for sale" and an "offer for subscription"

Whatever the case....refer to my opening comment

aremso:
house pls advice oo, do I need to fill another e- dividend mandate for stocks I sold with previous broker as I have opened another accounts with Morgan capital then buying the same stock I sold with previous broker where I had already filled e- dividend mandate and was working. Eg sold zenith with previous broker and buying again with Morgan capital. Kind advice pls

You didn't need to do this. Next time just do an inter-member transfer and all your stocks will move to designated broker.

https://www.cscsnigeriaplc.com/documents/1118035/Transfer%20of%20Stocks%20form.pdf

robobo:
Oga TLAX pls clarify

do u mean the deal was done at [b]N53.75 / share? a premium of about 20% [/b]to todays price?

Correct!

RabbiDoracle:
Jollof rice.

While people are running away, some core investors are increasing stake.

Could they possibly take this bank private if free float rule is breached?

RabbiDoracle:
Jollof rice.

While people are running away, some core investors are increasing stake.

A total of 1,141,191,943 units of Stanbic IBTC Holdings Plc were done as an off-market trade today at N 53.75 in eight deals.
The deals were negotiated cross deals between Stanbic IBTC Stockbrokers Ltd as buyer and Rencap Securities Ltd as seller.

Total Trade Consideraton – NGN61.3bn ( $170mn dollars)

wanaj0:
Check the Stanbic IBTC trade today.

Something is cooking

This is to inform The Nigerian Stock Exchange that Stanbic Africa Holdings Limited (a wholly owned subsidiary of Standard Bank Group Limited) and parent company of Stanbic IBTC Holdings PLC (“Stanbic IBTC”), has recently acquired an additional 1,141,191,943 (one billion, one hundred and forty one million, one hundred and ninety one thousand, nine hundred and forty three) ordinary shares in Stanbic IBTC Holdings PLC in an “Off-Market” transaction.
With this acquisition, the total percentage shareholding of Stanbic Africa Holdings Limited in Stanbic IBTC has increased by 11.35% from 53.09% to 64.44% post this transaction.
The above is for information purposes only.

locodemy:
Will same google tell you how many of us that made it during the January bull?

Loco only need the truith now.

The story is still in process. Remember Croesus and Solon.

Just a short note to those experiencing this type of yo-yo movement for the first time, or are just not familiar with it and are confused on the next line of action.

https://jesse-livermore.com/stock-trading-greed-and-hope/

Standing here today, i see that it can only get worse and nastier in the short to medium term.

Nevertheless we will exit some position and hold others.

mendes911:
Zenith and GTB sitting STILL. I don't call these bears. Just minor disturbance.

Its normal. They are usually the last to be dragged down and first to reverse upwards.

wanaj0:
Opportunity to ask all your questions. Unlike the AGM, they cannot control who is asking questions.

I need to participate. Thanks.

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/22360_CADBURY_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2018.pdf

smh...NSE should limit what qualifies as "corporate action" abeg.

Interesting article in these unclear times...

https://www.cheatsheet.com/money-career/why-you-cant-beat-warren-buffett-in-a-coin-flipping-contest.html/?a=viewall

Mcy56:
Oga you like awoof o, sorry I mean better thing
If to say na me ehn, na ONLY 100units of Nestle I go tell the oga to convert it to for me. .........anyway, holla me when the oga is ready to spoil you.

No worry ma. I get you for mind. Some go dey reserved for you as soon as i collect am .

onegentleguy:
To the parts in bold, u have spoken very well my dear !!
...nothing could've been more right.
It does show u understand and can 'dance to the many melodies that are played within the NSE room'

Welcome to the Nigerian Stock Exchange !!

I owe u some plates of Nkwobi and a chilled bottle of UA...

...and i plan to take up that offer.

RabbiDoracle:
I like this. Did you compose this?

Yes o. My random thots.

fxuser:
Trading
- they tell u just Buy Low and Sell High , sounds very easy ... it's actually easier to end up selling low and buying high.

lolx #sigh

Lol....

Easier said than done otherwise there would be more successful stockmarket traders/speculators/investors than those who gave up along the way out of frustration and despair.

Now to all my fellow players in this and other markets although i suspect you know these already... from insightful information i have pieced together from many sources - Less than 7% of SM participants get really rich from doing business in the markets - Equity, futures, currency (even worse here) etc. About 30% breakeven after years of trying, and the rest just give up and move on to something else.

Another interesting thing from reading Warren Buffets Letters to shareholders for 2016 and 2017, although this is conventional wisdom, lots of folks are much better off by just investing in index funds. In Nigeria we have quite a few promoted by leading brokers and investment banks. They do this thing for a living.

Now, Another Insight, There is no one way to make money from the markets. You need to constantly evolve. A strategy that made money 3 years ago can backfire and cost you your fortune. Your focus should be on making money and not on particular shares you hold. Emotional attachment is dangerous.

From personal experience...If you want to make thripple digit returns, it can't be found in the well managed and stable companies with nice financials. Those ones will deliver nice annual returns that beat returns on government securities by a mile. Thripple digit returns are in distressed stocks...NOTE:Distressed stocks, not DISTRESSED COMPANIES. There are about 3 i see clearly in the market now. It takes a measure of boldness, healthy risk appetite and research into these companies to unlock the returns. Never forget your statistics 101 lessons on Probability.

Be Greedy at the right time, fearful at the right time and never let over-confidence and over-familiarity with the market kick in. Otherwise, the market will get you.

maishai:
when do u think Union bank will start rewarding investors with dividend ?

For Union Bank, ignore dividend for now and think of possible M&A opportunities that can give you capital appreciation.

http://www.nse.com.ng/Financial_NewsDocs/22348_PRESTIGE_ASSURANCE_CO._PLC._CORPORATE_ACTIONS_MAY_2018.pdf

Just observing...

kolaish:
I strongly disagree with the bolded. In fact, mentioning it will rather bring out the positives and negatives of the stock from members in the house for you to know whether you are in the right place or not. My present portfolio size is:


I am not someone that want too many stocks in my portfolio, so I flew out today (@1.61) from the caverton I bought at 1.52 last week.
Sold transcorp today at 1k loss
Sold C & I at 151k, bought at 152k (1k loss also)

@Bolded...Seriously? Please take me along to this market on Monday?

fxuser:
lollx .. pple talk about their wins , me i prefer to share the losses ..

Disclosures
my 2 yeye trades for d yr , all coming from buying early

DangFlour
- with dangflour , took a small loss wen d N16 support broke down (made so much money q4 into Jan)
- my itchiness was eager to make another move . but mkt had en ow plans , he no send me lollx
- so price broke below N15 , zigzag zizag small, hit my stop loss , i jejely sold out with a nice loss. (losses are trading sch fees lollx)
- but the outcome is u hv 1 less bad trade to think about and it frees ur mind
- i think i wrote a redFlag message on dis too

to d newbies reading , our first assignment is not making money oh , its managing capital (naira & emotions). d money will always flow

#Bless
#Randomshare

I hear you on Dangote Flour. I left with bruises but I live to fight another day.

Agbalowomeri:
Watchout for the bull that sneaketh at noonday

Lol...its gonna be like incredible hulk in infinity war. The spirit is willing but the body is on leave .

jideflash:
Why don't they allow shorting in nse sef ?

I no just understand. Somebody pointed out that the NSE Rulebook does not prohibit it but that maybe brokers are not comfortable with it.

Chibuking81:
Zenith bank still forming boss at #27.97 but soon visit sub 27.
There is no news around to bring in bull, q2 is still far.

The only "selective bull" i forsee (MY OPINION) should be around July/August when PFAs rebalance their portfolios in line with new regulation, to take on more variable return assets ("read" mostly equities) for those that are underweight this asset class. Of course quality names will be the major beneficiaries and my guess is that those with an interim dividend policy will be the winners.

Chibuking81:
Do you see fidelity going down below 2 soon?

Its inevitable....what will be will be.

I just wish "shorting" was possible on NSE. A few stocks i would have gone short on today cos i know they are still making "yanga". What will be will be.

awesomeJ:
Check the FMDQ's site. Bonds not quoted on the NSE are mostly traded on the FMDQ's OTC exchange.

The link below has their daily quotation list. In it, you'll find all the bonds that currently trade on their floor- corporate bonds inclusive.

https://www.fmdqotc.com/services/market-information-data/fmdq-daily-quotations-list/

Thanks!

http://www.nse.com.ng/Financial_NewsDocs/22336_DIAMOND_BANK_PLC_CORPORATE_ACTIONS_MAY_2018.pdf


For Diamond Bank bashers