₦airaland Forum

otokx:
Meritrade platform has been quite unstable in the last 2 days.

You are absolutely right. I tried using Microsoft edge browser today and Meristem has been wonderful. Try it. I thought it was the company being funny before. You can also try "Brave". Better than Chrome but not half as good as Edge.

akinola98:
The alert just came in �������

Enjoy and remember your brother...

In these times of what seems an obvious action to take, remember,

"To think is easy. To act is hard. But the hardest thing in the world is to act in accordance with your thinking".

Goethe

akinola98:
Have u gotten it now ?? because am still yet to be credited

It has never been like this before , always see my credit alert before the end of the dividend payment date

No worry yourself. As long as you had the shares before or on qualification date you will get your dividend.

ihedioramma:
Thank's . What are you people buying now?

Bonanza full ground o. If dem tell me for January say i go see Zenith at N11 and GTB at 18, na laugh i for laugh like Sarah.

RabbiDoracle:
Buy small small. You don dey near the ground. Enter where you can get cashflow.

After this, massive rush into equities.

Check the chart in 2008 December and 2009 when Fed started QE. Na mega nku! Dow Traders go pretend as if dem no see am until after some days, they will be like, 'ahhhh.... Powell don shake body o'.

Okay Bro. I hear you!!

RabbiDoracle:
I don relocate go Nnewi o.

Hmmmm….in other words no matter the opportunity in the market person suppose still hold plenty cash o.

ihedioramma:
One love .

Ihedi i greet o? You show face today?

Intendy:
Stocks with new 52 week lows

MTN #93.10k

NB #27.95k

APR #3.20k

Wema #0.44k

Uba #5.05k

Fcmb #1.45k

Wapic #0.25k

Fbnh #3.70k

Transcorp #0.63k

Stock with new 52 week highs

Ekocorp #6.00k

Haba….e no gree reduce?

http://www.nse.com.ng/Financial_NewsDocs/29388_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf

This letter does not deny the online news report so it may be right after all.

One big bad bank and two small bad bank will make one bigger bad bank.

locodemy:
The seller may pause and benefit from the trillions they want to inject into the financial system and later gain momentum to offload again.

That's why I asked oga Oracle for a clarification

Oracle don turn to "Oga". E good ooo...

TraDeRR:
NSE no get circuit ??

Here...

http://www.nse.com.ng/regulation-site/Documents/guidance/Interpretative%20Guidance%20on%20the%20Index%20Circuit%20Breakers%20Rule.pdf

May soon be invoked

RabbiDoracle:
Nnam, hope you are seeing bargain?

Do you remember that our church song : Amarom ebe nge bido e bido.

The offers are so massive that it is like scooping water from an ocean.

This Oracle sef….

robobo:
My Oga why are you afraid

let it play out nowwwww

lolllllllllllllllllllllll

Nothing to fear o. Just observing with no skin in the game.

I know say you de pray for it to play out so that you go load. It won't.

RabbiDoracle:
Let's look at it this way. Now Zenith is at 17.

Tomorrow is markdown. So 2.50 will be deducted. This takes it to N14.50.

If that same day there is this huge offer to exit, then take 10% off the 14.50. This brings it to N13.10.

Same offer on Wednesday, this takes it to N11.80

Thursday : 10% off, this becomes N10.7

Friday : end of discussion, same 10% offer N9.7

Then next week, we don't know the news that will be out then.

Is N5 not close?

Hmmm...i hope this scenario does not play out. Its possible but probably won't play out.

I no even get strength to advice anybody.

Every trader/investor with his strategy.
Every Malam with his kettle.

There are many ways to get to Damascus. Las las Paul still reach there.

Meshpips' prophecy on GTB about to come to pass

emmanuelewumi:
Then all market timers should have been multi billionaires by now

And all chartist/technical traders will be in same multi billionaires club as well. But we know this is far from the case.

BAMOFIN1:
'Holding stock for long term in NSE is unprofitable, at least, since the 2007 crash. .......In the past the preponderance of opinions of our gurus was that long term is good and short term a sin. I sense that in this Nsempa there is more tolerance of shortermers because they actually make money. This is a good development. Short termers, and even Jijoist, must be encouraged to disclose their strategies, methodology, observations, tips and tricks. I suspect that money bags have assembled groups of young jijo traders in the NSE who are given access to billions of Naira whose sole purpose is to make 10% over and over again for their masters, a sort of real life Wall Street Warriors scenario. My kudos goes to pioneering shortermers and jijost on this forum'

I wrote the above three months ago but one of our gurus called me an olodo instead of allowing members to consider the possibility, strange as it may be. Now Marlianvestor has raised similar issue. This time around the NSE warriors are satisfied with 5% or less gain. That those guys will sell for the smallest gain is confirmed truth for how can one explain selling Zenith for N19. At what price did they buy, was fees and commission not paid? This is why somebody suspected that counterfeit shares printed to order are been sold. May be our jijoists should consider coming down from 10% to stand a chance.

What I know is that the long term is a series of short terms. As long as you keep your eyes on your portfolio and keep your ears open for company news, especially for executives that go rogue, long term investors should outperform "jijo fellows" over a specific time horizon. The only condition is that long termers should rebalance portfolios in response to company specific news and should forget about loving specific companies/stocks. Once the price of shares you hold has exceeded the value you ascribe to it, its logical to sell it and not hold on.

There are jijo opportunities no doubt, but like day traders 10% on a sustainable basis is very rare. Even NEM and OANDO have given around 10% twice in the last 6 months but its fraught with danger. Beyond UACN and WAPCO, which many will now claim they did jijo in, i challenge folks to name 5 stocks they have done jijo with in the past 6 months lets back test and see how valuable this strategy is. The dataset is available.

Meanwhile out of that 10%, NSE, SEC and Stockbrokers own between 2% - 3% depending on which broker you are using.

shalomblue:
I think devaluation fear is responsible for the dumping even when the dividend yields seem okay. We all know the market will go bearish after dividend payment so it's best for some to make marginal gain now and leave.
Just stick to your game plan

I don't know if devaluation will happen or not but i know the fear of it does not account for this response to dividend declared. If you care to look at this period in 2019 and 2018, you will notice that the trend was not much different post declaration of dividend.

What i think has happened is that most big time investors that can move market have already priced in the expected dividend since December and unless there is a massive surprise like in the case of Vitafoam where dividend grew by 68%, do not expect any upswing. Also, Vitafoam was a lone ranger in late December (months after that last interim div. in the market and at least a month before final divs) and so can attract attention, unlike where more than 50 results/dividends that will be declared within 5 weeks period.

owoblow77:
Sir Loko, I give up Jijo is not for me My blood pressure is already up. Lost 8%. Sold everything. I can't come & go & die E no even reach 2 weeks

Take heart bro. Jijo is not for everybody. If you must do jijo, try with not more than 5% for your portfolio.

Any NSEMPA member at the Meristem meeting?

Yes they are. Its a done deal actually and i am sure they will announce around the rights offer period to give it a boost.

That unaudited Q4 2020 FS I am taking with a pinch of salt. I will comment when i see the AFS. In any case it is the trend for every company to record fantastic figures in a period preceding rights issue/public offer. I bet they will use some of that deposit for shares in their possession to pay dividends.

rebekah2011:
[They are selling AIICO PFA. The wrong move in my view.quote author=TLAX post=86788245]

@Bolded contradicts your opening comment.

I have never seen any company that dilutes shareholding and raises money via rights issue for fun. The group needs the cash and they need it desperately too. Barring poor market conditions they would have done the RO last year. That is why in addition to PP and rights issue, they are also selling their AIICO PFA to a Merchant bank.

There is a world of difference between retained earnings and cash and so while all the accounting indices may be pointing to a healthy company, the guys are cash strapped.

That one about significant dividends to help people buy rights, i think its wishful thinking.

Dupeodus:
AIICO truly does not need the additional capital from the proposed rights issue. The latest unaudited fs for end of 2019 shows that they have the required N18 billion paid up capital as defined. However, most of those capital is in the life business. AIICO has a need to increase the capital for it's general insurance business to enable them to carry the risks of their generated non life business which they have been forced to re-insure over the years because of low capital. I speculate that is the need for the rights issue. I also speculate that they will help shareholders out to find the rights issue by doing a significant dividends this year. In effect, they are re-allocating capital from the life business to the non-life business and for those that re-invest the dividends in the rights issue, it will be like receiving bonus shares, save for the withholding tax.

@Bolded contradicts your opening comment.

I have never seen any company that dilutes shareholding and raises money via rights issue for fun. The group needs the cash and they need it desperately too. Barring poor market conditions they would have done the RO last year. That is why in addition to PP and rights issue, they are also selling their AIICO PFA to a Merchant bank.

There is a world of difference between retained earnings and cash and so while all the accounting indices may be pointing to a healthy company, the guys are cash strapped.

That one about significant dividends to help people buy rights, i think its wishful thinking.

Bomboclad:
When I see Zenith @ N19.5 and some folks waiting for it @ N18, I laugh! ....if only I had more cash!

When suddenly folks realize the bargain, then u wld see it zoom up.

I expect Zee to give N2.50 - N2.80 in dividend and its price to go higher than N25 when that happens. We are watching!

I think the dividend expectations have been factored into the price already. Post announcement my guess is that there will be marginal price appreciation for a couple of days then it will revert back to mean. But lets keep watching, its just days away.

OakPearl:
UCAP has shown the new trend for now.
Time for everybody to answer him Papa name.
No more living in past glory.
Announce good dividend, get chased by hot money.
Announce nonsense, Mr. Market show you nonsense.
Still not late to take position in stocks with potential explosive results.
JB!

Yes to bold. Also stretching into 2020. Very healthy projects portfolio....and still expanding. Their Treasury function is also now much more proactive.

Also watch out for WEMA. I suspect dividend yield at current prices may range around 6%/7% because they are still trying to grow a healthy distributable reserve (retained earnings) after many years of negative position.

onegentleguy:
Yes, watch out for that guy in bold and the likes of OKOMU, PRESCO, CAVERTON and the few others mentioned in the post above.
Contrarily, it might be wise to stay away from coys in the oil and gas space. The new finance law, including the trend of happenings from the domestic front doesn't favour them. The only 'small' exception for us is CONOIL and FO.
...but even then, CAUTION should be the watchword !!

Yep to bolded.

ndidigood:
and afriprud o
5:12
With one offer

I just have a feeling some people are about to play their usual tricks. Nevertheless lets watch closely. Board meeting is today and result should be in the public by Monday/Tuesday.

DeRuggedProf:
Let me give you guys a key for success in Nigeria, NEVER BELIEVE ANY NEWS THAT IS POSITIVE ABOUT NIGERIA....

It is ALWAYS a VERY DANGEROUS TRAP....

That one is serious o. Some of us no get second passport so we must believe.

Pubic Service Announcement:

Ayam thinking people should by UBN.

=====
***……..i am just a conspiracy theorist so if you don't follow my thoughts you will be acting in a very rational and logical way.

My aim in life is to receive good news and bad news early enough so that i can restrategize on time.

Imagine where a gang of robbers is headed to someone's house and because that person does not like bad news, anybody who notices the robbers movement will just keep quiet and move on.

mendes911:
LOL. Agbaya. How the tide has changed for you....

Bottomline, don't come here preaching downfall of the market. It is not needed in this forum.

#Voom. #Heels.

Well...I follow for the people that asked Oracle to notify us when the market wants to drop. Me, i no sabi read chart o so his bear alert was valuable to me.