₦airaland Forum

Mcy56:
The market seems not to be in favour of fundamentals this season. Price appreciation all the way bros.

Maybe but as time tends towards infinity, the market will ALWAYS recognise the potential in a fundamentally sound stock

Mpeace:
My zenith adventure lasted just 10mins. I hardly buy fundamentals, I buy price appreciation. I didnt see zenith doing 50% in months so I didnt want to see in near me. Leave me and my peni stocks.

It is all about how much money you are trading with. What is the volume of transaction of those penny stocks? How much profit can you possibly make considering volume traded?

Yayira:
Hmmm now I’m feeling like the owner of zenith for allowing it to hold 95% of my portfolio .
But sir in a case whereby you’ve got cash and there’s a stock in portfolio “doing “ and will do excellently well in the long run won’t you add more ? To like 50%
That your 20% small oo for someone like me who can only trade maximum of 3 stocks at a time..
I’ll always be in cash then.

It is all about risk management. I am NOT a Trader so our risk management strategies will differ. Traders can hold 100% of a stock. They are like those gambling who are always sure that they will win!

Plenty risk management strategies of which diversification is one. There are so many other ways to manage risk including INSURANCE.

debenzd:
What is up with Custodian?

Wetin happen??

Yayira:
Oga wanaj0 please tell me how many percent should a stock hold in ones portfolio and Why..

It is a function of the company and your risk appetite. So there is no CORRECT answer.

If you are the owner of the company, then it can form 99.9% of your portfolio.

If you are on the board of board of the company, then it can form 90% of your portfolio.

Apart from the above, I will say 20%.

If it is a stock like Japaul and OandO, I will say 0.000000000001%

Mcy56:
I wish Aiico too could replicate what Nem is doing, in terms of performance.
.... and Mbenefit

Ha ha ha. They are NOT in the same category oooo.

Yayira:
....and the 20% is too much ?

YES

fxuser:
Nem
- finding some legs on a massive gap up

Fantastic performance. Need to SELL some to rebalance my portfolio. Now like 20% of my portfolio.

currentprice:
how?

honney flour could release their 2017 financial report any moment from now. it will take a magic for the price to reach N7.62 unless a general BULL. base on Q3 cp fairprice stand @ 3.50 could move to 4.50/5 or even lower that of Q3 fairprice depend on the result sha

IF Honeywell Flour get to 7.62, the exchange will COLLAPSE.

I will be surprised if the Full year result sustain the Q3 result. Go to the shops and see there products sold at a discount to the competitors. That will show you that there is likely margin compression. The result ought to be out latest next week I believe.

skimanski:
Painting Updates

I think you started painting this house in November and we still have painting updates in May. That is 5months! Does painting take that long?

It will be interesting to know what was delaying this project. Maybe there is dispute. Just reminded me of Brabus all over again.

anyanwu58:
Bros nothing concern me with name, if Japaul can pay me times three of what Seplat is paying me I will leave and save all I can for the little time I can work there. After all no job is secured in Nigeria. When they mean to sack u, reason must come out.

Ok sir.

rationalmind:
@oga wanaj0,

It is quite difficult to say more than I already said without revealing too much. Lets just say the major difference between Y and X is in the salary and career growth as earlier mentioned.

As my Ogas have said, a better decision would have been possible had I not told X the actual reason behind my resignation. Truth is, I don't have enough confidence that the management of X won't be vindictive should I decide to stay.

A big thank you to all who commented and advised, I wish I can add ten thousand units of Nestle to your respective portfolios as appreciation.

Wishing you all the best. Go and EXCEL. Go and CONQUER.

RabbiDoracle:
Sir, the dude is not happy working in company X. Hence he is dissatisfied. So you will not expect him to put his best in the company. Company X HR should have noticed this long ago and appease via recognition, career advancement. But they never did.

I will advise he moves to a company where he sees joy while he works. There is nothing invigorating as working with happiness.

See what oil guys do when they get bad appraisal. Asset managers will go and do the work for that period till they talk to the affected staff to mellow. Sometimes asset managers show the affected staff their own bad appraisal results so that they (affected) will know that so the asset managers also suffer.

They will leave the platform to burn. What will you do? Is it not to report to HR? What else? Sack? Union comes in and deliberate with management or find another job for him.

So bros, if he is dissatisfied and he has an offer to fill in, it is better he leaves.

I don't want to derail this thread BUT

1) He was not happy because of the remuneration (stagnation, growth etc). It does not mean he is not enjoying the job, happy with his colleague etc. Reason why I said he has not provided enough information about the two companies. Moreoever Company Y is a prommisory note. Any idea of the history of COMPANY Y in fulfilling its promise? That's why MORE information is required.

2) He has not stated anything that make Company Y better apart from offer of 'better' pay! Is pay the only consideration? Are there welfare packages that can act as a differentiator? Medicals for example? Is there a difference between the amount that the two companies contribute to the pension fund? Apart from take home pay what are the other value proposition? What will make him happy in Company Y apart from the pay. The euphoria of increase pay will wear off within 6months! I would rather work with accenture at a 'lower' pay just because the name of 'accenture' on a CV will open doors at the RIGHT time.

3) If he is unhappy in Company X he should indeed seek to move BUT we don't have enough information to conclude that Company Y is the place to go! It may be Company Z! Not all offers are to be accepted. Who is making the offer is key. Right now we know nothing about Companies X and Y to reach a good conclusion.

4) For those saying it is LATE, it is all about COMPANY X and the type of relationship that exists between the staff and the company! Resignation letters can be REJECTED. Resignation letters can be delayed. I know those that resigned and the boss asked the staff to apply for leave, resume at the new place and see whether it meets his expectations. So until we know what Company X and Company Y looks like we cannot conclude.

Again, I am not for or against any decision. Right now there is not enough information to provide quality advice. We will be making TOO many assumptions which may make our conclusion to be faulty.

With MORE information, he will be properly guided.

sellydion:
@Wanajo. Exception can not be the rule. See the best thing is for the guy to move. My Guy stand a very high chance to be victimized both in the short or long-run. Exception do happens you cannot bank on it. Your resignation is enough to hanger some people and your salary increase is a threat to Management. Please move on prayerfully. All these advice would be helpful in making future decision.

It is not an exception. You don't know anything about Company X and Y to make an informed decision. It is what you know about company X and Y that will help you make a choice.

For example, will you move from SEPLAT to JAPAUL because JAPAUL is offering you double salary? Do you know whether Company Y is able to PAY what they are offering? Will you leave GTB to join a microfinance bank just because of better pay?

If the two companies are known, then you can evaluate the company to decide which one is BETTER. The corporate culture of the companies, their management etc should be considered.

There are many questions to be answered before making a decision. It is not all about 'immediate' CASH.

rationalmind:
I have an issue thats not related to this thread so I'll apologise for derailing in advance. I no know where else to get quality advice.

I have been with coy X for roughly 3 years, been stagnant with no growth. Few days ago, I received a call from someone, asking if I'll be interested in joining coy Y. I replied in the affirmative. Everything happened so fast and there's an offer on the table that's increasing my current salary by 176% and with a clear chance for career growth.

I have made my intention to resign known to coy X and they are offering to increase current salary by 136% and are virtually pleading I stay, promising growth and all that. Told them to give me sometime to think about it.

Me I need money badly and at the same time, still don't want to leave coy X on a bad note.

My people, wetin una go advice make I do.

The information provided is NOT enough to be able to provide you with good advice

Company Y made a promise, how good are they in keeping their promise? Yesterday I was discussing a guys situation similar to yours. He got an offer to go to Company Y with over 100% increment. He resigned to join Company Y only for Company Y to change the terms that they cannot pay what they have promised! He was made to swallow his pride and call the former company to withdraw his resignation letter. Because he was a good staff who resigned without burning the bridge, he was accepted back. Lesson: promises can change.

If you will leave Company X, don't base your judgement ONLY on the money. Does Company Y offer more challenges? Do they have better overall welfare package? Do they treat their staff with respect? Are they paying more to 'poach' a staff they've made no investment in? Are there training opportunities?

Apart from MONEY, what else don't you like about company X? In the industry what is the provision of company X compared to company Y? I can go on and on.

Conclusion: The information provided is NOT enough to make a judgement.

stockbuego:
Ignore the headlines both from Innoson and now GTB, then u will see that they are both saying exactly the same thing
1. Innoson Headlines goes like....’Supreme Court order GTB to pay us....’; but if you read the details, GTB was actually asked to pay the money into an interest yielding account while the litigation proceeds.
2. In GTB’s response they refused to comment on the body of Innoson’s statement, but focused only on Innoson sensational headline, GTBank is right that, they were not ordered to pay Innoson any money, but they didn’t dispute the fact that, they were ordered to obey the Enugu’s court judgement and pay the money into an interest yielding account.
They know that, if they go that far, in the next news cycle Innoson will leak out the actual court document.
Since the merit of the case has not been addressed by the highest court, this is neither a win for Innoson nor a loss for the bank.

Judgement is YET to be delivered that is the crux of the matter.

Jejebabaa:
He wants to pay his own international student sch fees in NSE.

They should ask him to pay tuition in dollars!

Cement company acquiring a petroleum company What's the wisdom in that?

This story get as e be. No mention of Milost?

Ibeto cement firm reverses merger decision, set for listing in U.S.

https://t.guardian.ng/news/ibeto-cement-firm-reverses-merger-decision-set-for-listing-in-u-s/

Ibeto Cement Company Limited has announced a historic reverse merger through its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly-traded petroleum exploration and production company.A statement by the firm stated that it had acquired 70 per cent control of Century Petroleum Corporation resulting in the reverse merging of Ibeto Cement’s assets into Century Petroleum.

By this reverse merger, which is expected to be sealed and publicly presented in 90 days, Ibeto Cement will achieve the historic milestone of being the first Nigerian firm to be listed in the U.S. Stock Exchange. Dr. Cletus M. Ibeto, who had already taken over as Chairman of the Board of Directors, said: “It has been a long journey since I have been in business and none of our companies or businesses has gone public so far. In line with our collective dreams to place Nigeria in its rightful place in the comity of nations, we had to come up with a strategy to build a formidable structure for companies that will outlive me.”

He lauded stakeholders in the historic merger, including the government, shareholders, investors, and the larger Nigerian society for this landmark development, which will improve the level of actualisation of the huge cement business opportunities around Africa.

“Everybody knows that Ibeto Group has billions of dollar investments in Nigeria; but the time has come to replicate the successes we have enjoyed in Africa and globally. Century Petroleum Corporation is the vehicle for using our wealth of experience for the benefit of people within and beyond Africa.

“We will use it as a catalyst of empowerment for all Nigerians the world over as the company’s shares will be traded internationally,” he further said.Meanwhile, analysts believe that as chairman of the new global entity, Ibeto’s success record and vast experience in weathering the storms and growing businesses from scratch in developing economies will aid the actualisation of Nigeria’s potential of exporting cement to other sub-Saharan African countries.

Ibeto Cement Company Limited, located in BunduAma, Port Harcourt, Rivers State, began cement bagging operations at its bagging terminal in Port Harcourt in 2005. It is an ultra-modern bagging plant with a flat-storage capacity of 50,000 metric tonnes and a production capacity of 1,500,000 metric tonnes yearly, which translates to a production capacity of 4,000+ metric tonnes per day.

And in line with the Nigerian Backward Integration Policy (BIP) on cement and in response to the Federal Government’s call to increase local production of cement, Ibeto Cement Company Limited acquired the premier Nigeria Cement Company Limited (Nigercem), which has a plant located in Nkalagu, Ebonyi State. The strategic acquisition of Nigercem is aimed at expediting Ibeto Cement’s local production of cement by resuscitating the Nigercem plant and developing the project as a brand new dry process plant. The Company is also developing another 6,000 metric tonnes per day cement plant at Cross River State/Abia State of Nigeria.

rationalmind:
Chai

Mum also bought DS shares during the IPO around N18 or so. Took her 11 years to breakeven.

Nothing go make me buy this MTN IPO

Why not?

GTB IPO at N5.10 still one of my best investments!

currentprice:
you are correct sir, what do you think is cooking?

Core investor increasing it's stake.

Check the Stanbic IBTC trade today.

Something is cooking

currentprice:
mkt currently trading @ -3.30%, index never lose that much before that yesterday shadow bull

chai! look like those rushing into the mkt yesterday got trap

cc chiboking

Yayira:
Really

YE is March. So expect result around June, AGM July/August and Payment around August/September.

Yayira:
UPL should please come and give me my dividend.
I’m tired of waiting.

Dont expect UPL dividend before September

pluto09:
We have had election for about five times since the advent of this new democracy.
I think it will be better if you can help us post how the NSE behave in those other years preceding elections I.e 1998,2002,2006,&2010 so that we can make an educative and informed judgement.

In 2014, oil price crash started. The whole world knew Nigeria will be in crisis election or no election.

Agbalowomeri:
But index still lost 1% today

Caused by Dangote Cement.

Agbalowomeri:
Laugh wan tear my belle
Oga you wicked small o

But na true now.

Lesson number 1, NOBODY can time the market!

Lesson Number 2, LEARN to control your emotions.

Really, nothing has changed so not sure why the reason for the panic.

If you have CASH, get ready to make money.

If you have good stocks, enjoy the bumpy ride.

If you have stocks like Onwuka Hi-Tek, just convert them to a souvenir

Is NSE collecting Tuition fee already?

Happy Learning (sorry investing)

davide470:
https://www.premiumtimesng.com/news/headlines/269541-exclusive-nigeria-in-big-trouble-as-n2-7-trillion-fine-threatens-collapse-of-economy.html

Have we all seen this?

I think it is exaggerated.

More details can be found here

https://www.lexislegalnews.com/articles/25209

Case still in court and there is full disclosure by FG.

Chibuking81:
Just to make common sense.

Oil price recovery from 27 dollars, to 45 dollars, to 65 dollars, now at 78 dollars per a barrel, it is a good news to the Nigeria economy.

But good and bad news to foreign investors.
Good news, as they have pump the stock price to above 100% with announcement of Nigeria coming out from recession, they will sell now and convert the money to dollars, to invest elsewhere, or to come back later.

Bad news; If they fail to sell now, they will be at losing side, because very soon, with rising of crude oil price, more dollars will troop inside the country from sales of crude, the price of dollars both in primary and secondly market will reduce drastically. Dollar will not be scarce again. Naira will be strengthen.

For instance, if dollar to naira is 1 dollar to 380 naira, if the the price reduces to 1 dollar to 190 naira, that means the value of dollar for that foreign investors who wishes to sell his stake in Nigeria equity market to convert it to dollars has reduces by half.

One should not be surprise these days to see more offer building up, even when one assumed that price has bottomed out.

Foreign investors are cashing out, they are smart, but we need to also follow them with smartness by preserving our cash, because very soon, the price of naira will appreciate greatly. Economy will be stabilize again and then they will come in again. Stock market this days is just like game, it make one paper billionaire today, tomorrow it will still step him/ her back to millionaire, if not more lower than before.
Dividend and bonus use to be onions of ones investment, but today mode of trading has turn stock market more of gambling field.

Not really. All that money is going into petroleum subsidy. NNPC is now telling us that consumption has increased to close to 60m litres.

Also expect bunkering to be on the increase.

Stability in crude oil price and exchange rate is what is GOOD for the economy.

yom2:
oya food done Cooke for enemies of progress o. work done come. make una come knock dis deal down, na fraud. where is that blackmailer on buissness day newspaper oya food don' done. come and play ur role. why are they injection 850m when d company is only worth 100m. where is mr jojo. oya come due ur destructive analysis

Buy the Truth and Sell it not!

Milost 'invested' in JaPaul, enemies of progress came.

Milost 'invested' in Unity Bank, enemies of progress scuttled it.

Milost 'invested' in Aso Savings and Loans, enemies of progress made them to run away.

Seems this Milost is the ONLY company always investing in Nigeria. They always bring BIG money to invest in 'dead' companies. They seem to be THROWING money just around.

Milost seems to be doing ONE deal per month in Naija. Kudos to them.

Abeg make Milost come invest $900m in Nairaland biko!

Mpeace:
If ibeto comes back, other cement companies would feel the heat. Ibeto was the preferred choice for block moulders and builders until Buhari came into power and shut the company, in a move perceived by many to have been done to favour dangote.

Seriously

NIGERCEM used to be the 'best' but they cannot even cover Enugu State. Eagle Cement imported and bagged in PHC was liked solely because of its price.

Dangote go for sectors with HIGH barriers of entry. Dangote does not need Buhari to deal with Ibeto. He is ruthless and with the volume he has, he is able to fight competitors successfully.

Na for flour dem go teach am lesson

DeRuggedProf:
Academic exercise....

At least you are 'better' informed and you can make your assessment.