₦airaland Forum

Cadillac15:
Diamond bank is the most stupid share on NSE. I made a loss of N300k on that stock last week and i have sworn never to buy it again.

I didnt know much about the fundamentals of the company before i sank my fund there but after my loss, i had to research and my findings revealed i was foolish from the word Go.

Diamond sold about 20% of their equity to a foreign partner two years ago in order to get the necessary funds to boost their Tier 1 & 2 capital. That partner has been trapped in the Nigerian market since then and has been desperate to leave.

Hence, the profits of the company for the past two years has been channeled towards paying off the partner and this is expected to continue for the next two years. This same partner has fund managers in the country who manage their holdings and they have been divesting from the company gradually which is why you will notice heavy dumping whenever the share price gets close to N1.

They applying a two pronged approach in leaving the Nigerian market:

1. Sell back shares to the company in return for profits declared ( hence no dividend to other shareholders)

2. Sell shares to uninformed and stupid shareholders whenever the price is right, to reduce their holdings

http://thecitizenng.com/carlyle-group-buys-into-diamond-bank-as-nestoil-fails-to-acquire-block-shares/
2014 news

http://www.vanguardngr.com/2013/06/foreign-investors-shun-diamond-banks-550m-bonds/
2013 news

http://www.gulfafricareview.com/07/12/2014/business/carlyle-group-acquires-18-stake-in-nigerias-diamond-bank/
2014 news

Like i said, only a fool will venture into that waters and i have learnt the hard way.

JAHBLESS

We should always put it at the back of our mind during trading that share prices can always go north or south irrespective of Fundamental Analysis or Technical analysis. We need to always plan a trade and trade the plan ...quote from Bull Mkt.

We should all know the acceptable loss we can take on very trade, if your own is =N=100,000 then you will have moved out of trade before you reach =N=300,000.00 loss position. When you reach a profit target, you should also moved out in the same way.

It simply takes emotion and hope out of your trading. Dmd Bank may not be good for you now but may be the best stock in another period.

My opinion.

Willie2015:
Pls assist to add this to my bid request making a total of 3 bids

http://www.ebay.com/itm/Apple-iPhone-5-16GB-Black-Slate-Unlocked-Smartphone-/172683125161?hash=item2834b761a9:g:UVkAAOSwuMZZHqEx

Hello, pls cancel the above three bids request, I will send a fresh request.

Tritri:
I'M DUMB-FOLDED .

I dey triple founded....NSE works in mysterious ways

Coolcash1:
Still waiting for a PB

U sure ..maybe na june or july

lancee:
Na waoo , this thing just came in like a thief in the night , after people don wait for month waiting for Bull Taya and sold at loss or breakeven


since price refused to come down , u join them

Exactly O... Na at at all ,, na in bad pass

Legalbeing:
My name is john. Am twenty one
Here is my story. Not just a story but an irony of truth and lies.
Do u know that if any human clocks 50 all he keeps thinking was his death?....(daddy said so)
Just like a utility maximisation, we tend to reach to a point and depreciate.
My father abandoned me and my siblings
just because he will soon die and he need to plan and enjoy the few years he has to spend on earth. He told my Mum that we all have our own future fend for. if we keep expecting him to pay our school fees, buy cloths and feed us complete thrice and many more that we are joking.. He also told my elderst brother that the money he has is for him and his wife. I thought the joke was a plank.. Not until when my two elder brother left the home to no destination.. I sat to share issues with my mum who pointed out vividly that my Daddy made the right decision.
So i wonder if that is right.. Is it only my father that has that mentality or is it a general undertaken. Someone needs a help.

Wrong Mentality, at age 50, he should be coaching his sons on how to be successful and help all his siblings to fly high and also avoid all the mistakes he made in life. Rich folks always put their sons and daughters in a vantage position so they can take over their bizness. They employ poor folks to do the dirty deals...

A good man leave inheritance for his childrens children. The simple fact is that success can come at any age, these are list of folks that still made it after age 40,

Ray Kroc spent his career as a milkshake device salesman before buying McDonald's at age 52 in 1954. He grew it into the world's biggest fast-food franchise.

Taikichiro Mori was an academic who became a real estate investor at age 51 when he founded Mori Building Company. His brilliant investments made him the richest man in the world in 1992, when he had a net worth of $13 billion.

Wally Blume had a long career in the dairy business before starting his own ice cream company, Denali Flavors, at age 57 in 1995. The company reported revenue of $80 million in 2009.

Harland Sanders, better known as Colonel Sanders, was 62 when he franchised Kentucky Fried Chicken in 1952, which he would sell for $2 million 12 years later.

Anna Mary Robertson Moses, better known as Grandma Moses, began her prolific painting career at 78. In 2006, one of her paintings sold for $1.2 million.

Harry Bernstein spent a long life writing in obscurity, achieving notoriety at long last at age 96 for his 2007 memoir "The Invisible Wall: A Love Story That Broke Barriers."

Willie2015:
Pls help send the quote for these two items;

http://www.ebay.com/itm/Apple-iPad-2-16GB-Wi-Fi-3G-Unlocked-9-7in-Black-/172684197808?hash=item2834c7bfb0:g:qewAAOSwfpVZH0Sg

http://www.ebay.com/itm/Aduro-Ipad-Purple-Keyboard-Case-and-Cover-Bluetooth-Enabled/112413830911?_trksid=p2045573.c100033.m2042&_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D41451%26meid%3D8bbad21b3a2443bb8fb933e96f3955aa%26pid%3D100033%26rk%3D2%26rkt%3D8%26sd%3D192182790467

Pls assist to add this to my bid request making a total of 3 bids

http://www.ebay.com/itm/Apple-iPhone-5-16GB-Black-Slate-Unlocked-Smartphone-/172683125161?hash=item2834b761a9:g:UVkAAOSwuMZZHqEx

fxuser:
On days like these , i look at link below:
https://www.globalxfunds.com/funds/nge/

- see csv file
- i randomly track every now and then to see if changes in holdings of nge ETF
- i notice d cash position is up while holdings have been growing umm
- its highly skewed towards nb m gt and zenith m they make up 45% of fund

#JustObserving

Thanks for sharing this, I have also added your comments to my small notepad.... I have been learning from your post... God bless

OBAGADAFFI:
JIJO seems to be difficult o.

If you Jump out, Jump in will be difficult. Ask GTB

JIJO is not as easy as that. You need sound money management, trading psychology and well executed trading strategy to survive.

Tritri:
U're right...and i regret taken that step...

Bros, just plan your trade as always preached by BullBear, you wont worry about market noise.

You can always watch the Volume Analysis on your chart. Only volume is the true indicator of price action, no one can manipulate volume.

Tritri:
STOCK MARKET IS REALLY A PLACE WHERE YOU REAP WHAT YOU DID NOT SOW.

I WAS IN FBN /ZENITH FOR GOOD 8 MONTHS . Before i left it now see ooh..

I hope i get compensation from FCMB or else i will contact veecovee ..Make we use fasting & PRAYER bring back ALL SHARE INDEX TO 24,500 REGION ..make we all RESTART.

The thing sef tire me....

I just dey look... make the thing pull back ...Na lie...he no gree come down

justi4jesu:
I cannot quote if item is still on bid.

Ok
pls assist to bid and advise of the quote after bidding

justi4jesu:
Hi Goodmorning,

Item is still on auction, do you want to bid for it?

Yes pls include quotes to Osun State

Pls help send the quote for these two items;

http://www.ebay.com/itm/Apple-iPad-2-16GB-Wi-Fi-3G-Unlocked-9-7in-Black-/172684197808?hash=item2834c7bfb0:g:qewAAOSwfpVZH0Sg

http://www.ebay.com/itm/Aduro-Ipad-Purple-Keyboard-Case-and-Cover-Bluetooth-Enabled/112413830911?_trksid=p2045573.c100033.m2042&_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D41451%26meid%3D8bbad21b3a2443bb8fb933e96f3955aa%26pid%3D100033%26rk%3D2%26rkt%3D8%26sd%3D192182790467

AstuteJay:
Let's not kid ourselves, the most important factor is the financial muscle. Once this is intact, the father rules his entire life.

Even when the kids are all grown and doing well, they dare not mess up with him because they still need his goodwill and contacts. If and when the mother messes up, the father (a typical African man) marries another wife and moves on with his life.

Dear men, let's do everything possible to build our financial muscle so as to continue to wield the big stick our entire life!

Power resides where money is.

Financial muscle is good but you need your family (wifes, children etc) around your during your old age when there is nothing to hustle for again.
The Nigerian work setting of 5am to 9 pm is not good for a young family. Most fathers dont get to know their kids as early as possible, once you miss this bonding from age (1-13), it hardly works again.

The result is barking, shouting and using force to achieve results with children.

veecovee:
The issue is that the message of holiness and righteousness is very scarce on the internet, even in the religion section, that's why I broadcast it everywhere

The message of holiness & righteousness is not scarce on the internet. If you need to propagate this message, it is expected that you create your own topic in the Religion section and let those that want to follow you do so.

Pls dont derail this thread; The first rule of the forum is simple:

1. Please post all threads in the right section, and don't derail threads by posting off topic.

This GTB na premium stock, just dey on his own dey break new high!

stanliwise:
The woman has to be blamed the most for supporting the idea with a man to do this. The motherhood nature of every woman would fight against this evil to children. Do you know what it is to carry a child for nine month and give birth to him or her?. If you are a man then ask a woman who has been pregnant.

So why is the fatherhood nature of the man not fight against evil to children ?

Are they ghosts or heavenly spirits that the man will not care about his offspring ?

Did both of them not consent on bringing a child to the world ? Are they not jointly responsible for the well being of the baby ?

Emeks008:
Why is dat some women are so heartless in nature. If you knw dat u dont need baby, why getting pregnant?
Am very sure she av tried all best to abort d baby while she's pregnant.

Why is dat some men are wicked ? If you dont want to marry a girl, you use protection and dont get the woman pregnant.

It takes two (man and woman ) to do this. Why blame the woman only?

VicMadich88:
I met my wife (very beautiful, humble Igbo gal) in 2012, and we've been datin since then. We both from Imo State...

On tht same year we met, I moved to south Africa to study an still residing in SA. I see her twice a year, and she visits SA as well. We got married ths past February, and few days after our wedding, I had to return.

But now I feel I made a very big mistake by marrying her, not because she's bad for me bt because I've realized I'm not in love with her anymore. I don't know wat to do, she's such a wonderful lady. God fearing, sings in the church choir, young and beautiful.

How should I let her know that i'm not in love with her anymore? I'm scared of the embarrassment my parents will bare with all of this? Our pastor at church? Her family? I don't believe in divorce, so are my parents...but what do I do in this situation?.

Bros, go and learn how to love your wife. It takes time and you can do it.

Seek Gods face in prayers and let God take control of your heart.

You also need to check the type of friends and company you keep to just have a change of heart like that.

U never jam, when you jam bad girlz, you will appreciate your wife more and treat her like a Queen

locodemy:
Hope alive.

Bros, GTB is in its own premium class...even Zenith dey on top full offer.

GTB will definitely slow down, the end is near.

lancee:
My Vision Oando will hit 1000 naira ..The Tortoise

My vision say its =N=2000

DLondonboiy:
While your mates were reading, you were busy nairalanding...247 you dey nairaland...you see your life.

Very poor result. See chemistry, see maths, tufiakwa...

The next generation would be the worst!

You should forget about school and go and become a pastor or native doctor, cos that's how people like you end up!

You keep wasting your mom's money on exams....and you keep failing them..rubbish!

This is not the way to scold someone, this is the way to kill this youth spirit.

Op - Dont give up, focus and study hard, dust up yourself and try again. Learn from this failure and rise up. Failure is part of life, it makes us stronger ...... you can become the best student in Jamb history.

I have always been inspired by story of Abraham Lincoln, with 29 years of failure yet refuse to give up

At 22, he failed in business.
One year later, he ran for the legislature and lost.
At 24, he experienced a second business failure.
At 26, the woman he loved passed away, and he suffered a nervous breakdown the next year.
At 29, he lost another political race, and
At 34, he made an unsuccessful run for Congress.
At 37, he did get elected to Congress, only to be defeated again two years later.
At 46, he lost his bid for the Senate, and the next year, he failed in his attempt to become vice president.
At 49, he was defeated for the Senate again.
He had four sons, but only one lived to adulthood.
At 51, Abraham Lincoln was elected president of the United States, and successfully led the country through one of its most difficult periods.

We will all fail in life, but nobody has to be a failure. Failing at a thing doesn't make you a failure. You are only a failure when you quit trying.

lookatew:
hmmm.. intelligent people!

Assuming the average IQ of those peeps on that podium is around 140,

Then we decide to add Bubu, will the new average IQ even reach 20?

Food for thought

Its an irony that making it in life is sometimes not a function of I.Q.

For he said to Moses, "I will have mercy on whom I have mercy, and I will have compassion on whom I have compassion."

Baba God... pls pick my call ooooo

PETERiCHY:
If there would be reversal it will happen mid-way into Thursday trading.

So learn to follow TRENDS rather than allow setiments beclould your sense of judgement.

That's why you keep losing money.

*ThE OcToPuS*

And if reversal did not come on Thursday, then we will have grandpa of all bears. The golden rule is to always have a stop loss price and preserve your capital.

There is no room for hope on the stock mkt, if I enter a trade, once i hit my profit target, I sell irrespective of the bull rally.

Once it reach my stop loss, i exit irrespective of the hope of reversal. No one, no one can predict the mkt.... every action based on (both technical * fundamental analysis) are judgements which can also be wrong.

Chibuking81:
From my record, exactly what is happened this May 2017 happen last year 2016, last year started around May 6th.
Maybe the idea of sell in May will change to jijo in May.

May 2016 - CBN introduced the floating xchange rate - we had a bull run from month of May till June

May 2017 - CBN introduced another special window - we had the same bull rally, the question is whether it will last like the previous year.

Senate passing 2017 budget is good news..lets hope the rally continue 2mmorrow.

robobo:
exactly my thought

mayb part 1 is ending

but zenith is still doing strong thing at full bid of over 40m

Banks rally still need one more day, I beg this bull to wait for one more day.

fxuser:
Skye bank sef wan ff dem join ! #yeye

Even The dead will rise from the grave with this bull rally. When you see activity from Skye, Unity etc.... you know say this is real

Godisfaithful:
Sir, if you're patient, you will still buy those stocks cheap. Don't freak out with the minimal BULL you see. Just be patient and don't rush to buy any stock for now. Just my opinion!

No one is freaking out.

The challenge is looking for stocks that can still do 20% and above & get your profit out.
If this CBN window can create this bull and you have companies giving out excellent quarterly reports, coupled Bubu not on ground. U aint going to see those stocks at cheap prices.

Spot the trend and go with it...John Murphy

Tritri:
Am not understanding what is going on...even skye of all people..

Even, Unity self rise from the grave

kentoto:
people,

All dangote group of companies no even send this bull run, as if them get them own separate arrangement.

afterall the guy fit do im own solo bull.

k

Tritri:
I want to cry somebody help me..i sold half of my portfolio waiting for MAY BEAR...see my life ooh.

In same shoe with you, its just part of risk mgt. It could have gone the other way too.

U win some and u lose some...