₦airaland Forum

Mpeace:
It could be pump and dump. Offers loading.

They plan doing special/private placement at N1.20. Hence they need to 'pump' up the price before then.

The money they raised during the last capital raising VANISHED!

stcool:
My fear is MTN will recover all this money Nigerian govt is taking from them during the listing. They may be making plans to leave someday, borrow enough from Nigerian banks and handover shell to our greedy CEO's to finish the rest.

They are not stupid for sure.

Very unlikely that they will list under current condition. Rumors is linking this to some political maneuvering.

tritritri:
Some coys pay dividend Annual while others half year. , Depending on there performance

And some dont pay ANY dividend

Dividend is NOT automatic

ogedanny:
Morning guys, buy NEM Insurance, here is why you shouldn't ignore the stock and my fair value estimate.

See NEM analysis - https://nigerianstockstobuy.com/nem-insurance-stock-price/

Also available on Yochaa App.

Except you are Eaton that would like to control NEM not sure why you will be buying NOW. What are you seeing in NEM at N3.00 that was not evident when it was selling at N0.80?

I will not put a BUY on NEM at this price.

BUT Eaton bought at N4.00. Yes they did. They will make their money from other things so you can't compare yourself with them.

Disclaimer: NEM is a substantial part of my portfolio and selling as part of portfolio re-balancing

aremso:
Gurus,

Why is zenith falling faster than Gt seeing that both possess almost the same quality

No they do not have the same quality! The DIFFERENCE is clear, 7UP!

4601CE:
Somebody please tell me what happens when you buy a stock and it is delisted on NSE.
I’m just curious o

Actually, nothing You are still a shareholder of the company.

ONLY change is that you don't see the 'price' on the exchange and you can no longer trade on it on the exchange.

Mcy56:
UACN is really getting lots of bashing o. The lower it goes, the more attractive sha. Coming down to pick passengers.

You are looking only at PRICE.

When last did you purchase any UACN product? What competitive advantage does UACN has?

Yayira:
Too bad I can only like this once.
God bless you Sir.
Being able to give a Yes too all the questions in 2) set my mind at ease.

Think of this: People that invested in companies/businesses that are not quoted/traded on an exchange what do they consider since there is no PRICE to look at everyday. There is no BEAR or BULL. That will give you an inkling of how to look at an investment!

deepsuk:
thought of the day.


to all the oracles and so called gurus on this forum, god punish you today and tomorrow for misguiding people into buying into dis stock market.


if will never be well with you today and tomorrow.


this message is on behalf of all the people who lost their livlihood trusting the scammers and criminals on this forum who pose as investment advisors.

Interesting BUT

1) Stock market is by definition for LONG TERM investment. So how long has your investment lasted before the loss of livelihood?
2) Do you see investment in stocks as BUYING a company/business? If YES, is that COMPANY still in operation? Is that company still profitable? Is that company still paying dividends? Is that company still growing? If YES to all the above, you've got nothing to worry about.
3) LASTLY never us SHORT TERM funds for LONG TERM investment.

Please, market will always go up and down. Never believe anyone who tells you he/she is able to time the market.

Expectations MUST be managed.

pluto09:
That lira thing na die o.
Me think our own CBN is still doing yanga because oil is holding up, if oil should enter bear territory, na real bye bye Janet....

Once you start to see oil price going down, then you know the end is near

musty00:
It's important for people to read the article so that those who think that election uncertainties have no impact may start having a second thought, and adjust their plans accordingly.

We are affected more by

emerging-market sell-off caused foreign investors to shun assets

than anything else!

Check other emerging markets where there is no election to better appreciate the issues.

Mcy56:
Boss, money is not lost unless one sells at loss. Those that were there years ago didnt die afterall
Besides, I follow my mind mostly when doing things not really because someone says it.
Of course, I guide my decisions sometimes with info gotten.

Because Union Diagnostics is VERY illiquid, SELLING may be a problem. Even if you make a 'profit' you may not be able to SELL. There are many stocks like that. So factor that into your strategy. That's why I said it may be a 'paper profit'. I think someone said he tried selling for TWO years!

austinkenneth:
@Yayira
There is nothing wrong with predicting that a stock will go down.

Stocks can either go up or down. Why are people only happy when the prediction is in the upward direction?

From Yok's posts, we could all see the handwriting on the wall in the past months: Massive sells from the foreign guys...It's not about fundamentals, it is election fever. If they are selling that much, something will have to give: Prices will go lower.

GT is the biggest component of the MSCI Nigeria index. They haven't been dumping it so much. The price of GT in the next months will depend on whether or not they decide to dump it. It isn't about fundamentals. Same for all stocks in that portfolio.

Do not be caught offside. Better protect yourself.

He who has ears, let him hear.

I don't think it is election fever. The risk associated with election in 2019 should be much lower than it was in 2015.

What is happening is money moving out of emerging markets due to increase in interest rates in developed world. Check other emerging markets where there are no election. It is the usual 'herd' mentality of fund managers.

What situation like this does is to throw up bargains. We should LEARN to sell to the 'foreign' guys and not BUY from them. They will soon be back. Just ensure you have enough 'loot' to sell to them.

Those looking for 'quick' bucks may be disappointed BUT if you are in it for the 'long' term, start the acquisition of some lovely stocks now. Strong fundamentals. Good business strategy. Good corporate governance. Stocks that are market leaders or positioned for strong growth.

Mcy56:
Hhmmm....it is well. This market is not looking at faces at all.
That's why I just took some negative comments on penny stocks, especially uniondac with a pinch of salt 'cos the mighty self are falling, so, its not a matter of running down any stock with mouth around this time. Most if not all, are affected.
Uniondac like other few ones recorded profit, which is a good development afterall, considering the many economic and socio-political instability the country is facing.
I'm however not against cautioning at all.

Have you tried selling? Don't bank on paper profits ooo

rebekah2011:
Oga Wanajo, you do not seem to have sympathy for rookie investors.

Rookie investors are NOT suppose to participate in Private Placements. They are meant for 'Sophisticated Investors'.

Rookie should pay 'tuition fee' and get educated before investing in the capital market. Or else, NSE will collect tuition fee by force

Mpeace:
Flour mill at 23. This one fall pass zenith oh. Hope no one here bought from the last rights issue

The Flour business no easy

rebekah2011:
Their conscience should not have allowed them. It was act like this that eroded the confidence of the retail investors back then. Not many will believe that Notore is not worth that price because they have come to trust the judgement of the parties to the transaction. Not many are wise to look into the financials. They just buy the news and the forward-looking statements

It was the GREED of the retail investor!

Notore's financial is there for people to use to determine the 'worth' of Notore to them. It is a willing buyer and willing seller!

rebekah2011:
Who are those that approved Notore at N62.50? It is a total disservice to the investing public.

Why is it a disservice?

remember CAVEAT EMPTOR

AdoptedSon:
Hello House,

Is Notore chemicals getting your BUY approval?

Seems it got a SELL approval.

Deadlytruth:
You have forgotten COSTAIN the all time record breaker which rose from N0.68 in 2006 to N88 in 2008 - almost 13,000℅ gain. Those were really crazy moments on NSE. When the bubble finally burst in 2008 it was a merciless cascade of daily losses.

If you know the Costain roundabout you will know whether to BUY Costain shares or not.

Anyway, we are very far from 2008 levels

Boeh:
Although the Reserve Bank is privately owned, its shares are publicly traded. No shareholder is allowed to own its shares in excess of 10,000units. Please click the link below to see where its shares are quoted and traded.

https://www.resbank.co.za/AboutUs/Shareholding/Pages/Shareholding-Home.aspx

https://www.investopedia.com/articles/markets-economy/062216/5-central-banks-are-publicly-traded.asp

After allowing for certain provisions, payment of company tax on profits, transfers to reserves and dividend payments of not more than 10 cents per share to shareholders, the surplus of the Bank's earnings is paid to the Government. The Bank's operations are therefore not driven by a profit motive, but by serving the best interests of all the people in South Africa.

The Bank was delisted from the JSE Securities Exchange South Africa on 2 May 2002

Bank operations not driven by profit and was DELISTED from the exchange.

Boeh:
Would CBN ever list its shares on the NSE?


NB: In case some of you here are not aware, the shares of Swiss National Bank, Bank of Japan, National Bank of Belgium, Reserve Bank of South Africa and Bank of Greece are publicly traded.

On which exchange is the Reserve Bank of South Africa quoted and 'publicly traded'?

obingo25:
please i want to know where i can exchange 1000000 million old Turkish lira in Nigeria.

Central Bank of Nigeria

rebekah2011:
Why do I get the feeling that this is another Oando in making? The MD was lying that the company made N8b profit in its latest report. The profit was made possible by the magic of N10b deferred taxation write back. Same way Oando has been deceiving that they are now back in profit. In my view the stock is not even worth N5.

Some RED flags.

Danjuma - Check out May and Baker!

Ibori - Need no introduction

They've made losses from 2014 to date! Interesting record.

Let's see FY 2018 result!

DOLLARTEX:
OK,but I think auditors can do more to save investors.

BUT auditors are 'employed' and 'paid' by the management. Remember, he who pays the piper, dictates the tune.

You should ask what the shareholders rep in audit committees are doing

DOLLARTEX:
all these auditing firms!PWC gave them pass mark ooo.

Auditors only express an OPINION that the account presented by the management is a true and fair representation of the company based on the TEST conducted (not actual words though).

So there is no 'pass' mark. Auditors are not to detect fraud etc

Yayira:
Lol @ walk into one of their centres.
You do a research to that level ? Results are not enough anymore ?
You are too much

Yes oooo. Figures can be 'cooked'.

PETERiCHY:
Uniodac an illiquid stock that took someone 2yrs to sell.
that CP monkey already gain 50% from July 26th closing price of 20kobo. Very soon some people will go carry the EMPTY CAN just like the case of japoil...

Well if mugu no fall how guyman wan take chop.

If you are a TRADER don't go near. I mean you cannot even trade up to N500k of the stock. However if you are in it for the 'medium' term, you should be alright.

Before buying, walk into one of their centres. Check whether what you see align with the 'figures' being posted. That is FACTS behind the FIGURES.

hyness:
Jimoh's management style is similar to Jegede's. He acquired some well managed businesses during OBJ govt, those businesses now are nothing to write home about - Nicon Insurance, Nicon Luxury Hotel formerly Le Meridien hotel Abuja ( that had even better standard than Abuja Sheraton be4) etc. I wonder why he is heading to another country where he may not be well known to source for fund through IPO for his Bank.

What he did to Newswatch was classic! All the Newswatch guys could not believe it!

the guy na proper undertaker

currentprice:
okomu oil is nestle of our generation now

cc 1himself

The fear of BIOLOGICAL ASSETS!

rebekah2011:
Those in Japaul are gambling.

It is another Investment Strategy!

currentprice:
welldone oga wanaj0

it always pay at the end to listen when elders are talking

Wetin I do oooo

You only need to go to SHOPRITE to analyse some stocks/sector Flour Business is going to be tough! Na corn we dey chop now abeg

I am waiting for Dangote to use his magic wand to deliver the 2017 year on year growth for Dangote Flour that we were promised.