₦airaland Forum

debeey87:
If you have a stock portfolio of over 50m,
Will you sell to generate fixed income of at least 10m given current rates of over 20%. If not how will you balance your portfolio to also take advantage of bothe the ngx and fixed income rates. Total annual dividend from same portfolio is less than 4m

Agbalowomeri:
This 50m portfolio could turn 30m

@Chillykelly8 I understand wetin I dey talk o, not expecting anyone to agree with me as per say I be amateur

See the scenario from debee and the response from Agba.......
My response to Agba was a view from another angle because I saw his response as one sided.

** Take note of "The total annual dividend from both portfolio as less than 4M" from Debee

If you say the 50M could become 30 in Equity, isn't there a possibility of it becoming 80 instead too??
* I wasn against diversification here, but saying if he's in profit due to picking those stocks cheaper, he could lock in his profit and move it to fix income asset.
** Truth is: Equity has higher chances of generating better returns than fixed assets**

Agbalowomeri:
He said current portfolio

Oga mi you know say na joke I dey with ur GTCO o.

I however think it depends on the cost price of the stocks in the portfolio..... Except he's insinuating that he bought @CPs
If for instance, he has Sugar @17, SALT @13, Conoil @18, MRS @12, SEPLAT @350, GTCO@17, ZEE @18 cost price, then we can't just conclude it could turn to loss easily like that..
I believed he must have weigh his options not to Rebalance the portfolio at loss sha.

Streetinvestor2:
Yes my oga but not when he is sitting on stocks like gtbank,lol

Gotten at grave robber price @ sub 20

ExcessKJ:
@yMcy56 please, if Morrison was not pump yesterday with a single deal of a volume of 132,093, then why didn't other listed companies not appreciate even more yesterday since some volumes were in millions. Regarding vwap, I found out is values traded for the day divided by volume for the day - which I believe should best indicate ideal price of that stock

Ok will do.

Give examples of stocks with million volumes with no corresponding price appreciation.
* Note that it's possible anyway, in as much as there's no single trade/crossing up to 100k or above.

Agbalowomeri:
This 50m portfolio could turn 30m

Could also be vice versa........50m turn to 80m
Oga Agba, your GTCO of 18 turned to more than double..

GT, ZEE, not doing badly in Market
f.u.g.a.z. generally

ExcessKJ:
Good evening,

Please, is it a right conclusion that, Morrison was pump today, to 10% since a single deal traded the equity. Also, I noticed CAVERTON closing price of 1.75 sent by Morgan capital is less than its VWAP of 1.70 - overvalued?

Morrison wasn't pump! It was the normal trading, Cross Deal precisely..........even though it was a single deal all thru the trading day, in as much as it met the requirement for price mvmt, it was normal.

As for Caverton, it wasn't overvalued either.
VWAP, is the weighted average
Na Oga Meshpips, Osita or other ogas Sabi explain this better.

@Mpeace
Find attached the volume mvmt being argued sometimes ago.

For SUGAR and SALT faithfuls, hope still dey....
At least insiders are also buying @60s....
They just shouldn't continue to test our patience...lol.

ExcessKJ:
Please 🙏 I have a question ...

* How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports -
** ANS: Depends on each Company's Financial Year End (FYE)....majority however have December 31 as the FYE**

* Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year
** ANS: We have 4 quarters in a year.......Jan-Mar; Apr-Jun; Jul-Sep; Oct-Dec........each company is expected to release results 4X a year with one out of the 4 being the FYE report....there are rules guiding this.....Rule 7.4/7.5 or so; and we have rules guiding operations of NGX**

* Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports
** ANS: Amendments to rule 7.4
- UNAUDITED within 30days and AUDITED within 90 days
- AUDITED (without submission of UNAUDITED) within 60 days
- For inability to submit within stipulated days, notification must be sent earlier to NGX, failure of which may attract penalty/fines/Suspension as the case may be**

* Please, what is a fiscal quarter according to NSE (from when to when in a year):
** ANS: Periods of 3mths in a year.......4 fiscal quarters per annum ----Jan-Mar, Apr-June, July-Sep, Oct-Dec.

SonofElElyonRet:
Why would ellah lakes restrict only insiders from trading during the period commencing 20th March till 24 hours after release of the information? Since trading continues on the floor (there was trading friday 22nd march) and remains open to the general public......

There are rules and regulations that guides every aspect of the operations of the NGX......as contained in the 2015 Rule Book of the NGX.

However, there were amendments to some of the rules in January 2018.
So, when going thru the Rulebook, also bear in mind that some amendments were made to some sections of the book.

In the case of Insider restrictions, kindly note that it applies to all listed Companies on NGX and in their closed period notifications, they always reference Rule 17:15 or 17.18 as the case may be.
You may do well to check out Rule 17 of the Rulebook.

Adinije:
DS/NS is one step forward, two step backwards
Wonder how people that bought at #80 will be feeling

Hopeful that it will be rewarding one day....
Not easy to be seeing losses in ones portfolio while the market is greenish....very annoying situation.
We're looking forward to 2nd quarter again.

SALT: Quite a lot of picks @50 today anyway

Streetinvestor2:
Why gtbank dey fear to touch #50.00 so that my oga with dollar go begin imagine.
My oga how far with garri price hope e don dey come down

My Oga don hike price of Garri as dem see say na Dollar man. Dem think say na all of us dey spend $$.
Diaris God o. 😁

GTCO now @49.50!
ZENITH @40.45!
FBNH @38
UBA @27.70
ACCESS @23.90
The kind of funds picking these up though!

** Not any form of buy or sell advice**

JULI already moved today's +10% up with the usual 101k....lol.
Now @7.86
Hope this one won't end up trapping people like Infinity

ndept:
I was just about calling you out from the kitchen to come and give update Good morning dear.

Lol.
The banks no dey gree for anybody oo....f.u.g.a.z. especially

NASCON/SUGAR: Looks like some guys are deliberately suppressing the share price from moving up.......their plan could probably be to keep it at buying range when they're done chopping bank gains......then come back to mop it up again...

Let's see how this turns out

ZENITH @40.....40.50!

GTCO @47.....Up with +1.15k
ZENITH @39.25 ......Up with +1.25
FBNH: 37.95
UBA: 27.50 ....Up with +1.15

ZENITH @39.10
FBNH @37
Baton changed hands again.....

OBAGADAFFI:
When it comes to big caps illiquidity, Conoil is Baba.
Conoil can trap you for a month.
Any positive news Full-Bidd
Any negative news Full-Offer

Lol. It's a stock for long termers.
If you see a good trader in this, then the person must be sound in TA and must Target the mvmt period closely.

OBAGADAFFI:
CONOIL is the King of illiquidity.

What about Betaglass, Notore, Berger, DANGCEM, JBERGER, etc.

Someone was complaining about not been able to exit SEPLAT recently. Some of these big caps too can trap for many days. They have their movement periods too........

So, let's not continue to focus on Penny Stocks alone......and be quick to tag it and try to make it seems that someone is MH it to trap people.

The same Multiverse @13 is actually N1.30k if we consider the pre-construction period.
It was trading @0.20k/0.24k before the 1:10 (1 for every 10 held) reconstruction took place

vacanci:
the problem is one can get trapped.
Imagine those investors in Multiverse who have been trying to come out for the past one month....
McNichols.....Mecure....

my advice to penny stock wannabe investors is to use penny amounts to buy penny stocks.

I learnt my lesson when i tried to jump out of one penny stock with N800K value to invest in an opportunity elsewhere. i remained trapped while the other stock which was a highly liquid one made 30%. As i speak, i am still trapped but the paper value has gone down drastically by about 50%.

As for me, i learn't my lessons

Let's correct one notion here: Hope you know illiquidity is not peculiar to penny stocks alone!

Could remember being somehow trapped in MRS at N12 with my tashere units and had to sell it off @13 or so due to illiquidity but today, that same MRS is trading at circa 100!

While you're very correct about illiquid stocks trapping, we should at the same time always have reasons for buying it.

What's the news surrounding it? What is FA saying? How does TA view it? Are you for short, medium or long term? Is result approaching and there's expectations of dividend payment, which will in turn increase activities in the stock, whereby you can exit conveniently? Is there any buyout/MTO/Merger news yet to be made public? Is there any special positive things driving it? Etc.

Now even if you buy it, what's your Plan B?
For instance, people were holding on to Sugar and Salt, not because of the financials but because of the Merger news in view.

If you notice that I didn't even mention JULI all thru.....it was because we don't know what's driving the share price.... someone somewhere was just using less than 200k daily to manipulate the share price.

So, you see, it's not enough to follow herds mentality but also do your DD if you know how to do it and don't be greedy with it.

PZ rose up to 40 and I'm sure some people would still be holding unto it, believing it will touch 100, later they may come to complain about being trapped as well.

Contrary to the expectations that banks will continue to experience more sell pressures, the banks are still holding up.......Aside FBNH currently witnessing pullback

Market is generally still trading "normal" as at now

ExcessKJ:
Thank you very much. The customer care representative also advise I don't select Direct Cash Settlement, so I picked Cash account

You're welcome.

This should be a reminder to everyone to check if their Trading Acct/ Portfolio is in DCS (Direct Cash Settlement) mode
* You can know this if it's CSCS that used to pay you each time you make sales in your trading account
* If it's in DCS, contact your broker to forward a DCS Form to you
* Indicate "NO" for Direct Cash Settlement.
* We've discussed this here on different occasions
* This is just a reminder*

Oga Agba, you don scare our Elephant volume buyers with your proverb today
Let's see if they'll dare your proverb and resume tomorrow. Lol

38.7milion units still exchanged hands......with over N1.5bn in transactions.

ExcessKJ:
Good afternoon, everyone
Please, I am trying to open an individual account with Morgan capital, but the last part shows which account I preferred between cash account or direct cash settlement.

Please, which is more appropriate so select. Thanks

DONT select "Direct Cash Settlement" pls

Direct Cash Settlement (DCS) means each time you sell, your fund goes to CSCS for settlement into your BANK account after T+3 days, you'll then have to keep transferring it back into your portfolio, which has lots of stress and disadvantages attached to it.

iHaveMadeiT2:
Madam Mcy, over to you. Any update on Omatek??

No much update received on many NGX stocks so far...
There's exit option available.

Ades1:
Imagination will not kee you madam Always imagining things

Na joke I dey ooooh

Learning to decode between the lines and humility will help you so much.
You're not open to learning and correction.
Continue to remain an Island to yourself.

Even if Ii imagine things, aren't you aware of the saying that "Whatever good things your mind can conceive and believe, you can achieve" stay there...

Agbalowomeri:
Elephant wey climb tree
Reminds me of one football team in English Premier League

Oga Agba, but you didn't tell us this proverb when elephant was at 30 🤔

N1.1bn transactions so far.......
Maybe Elephant wey climb tree for don master adaptability to tree branches.....

*Caveat: Not any form of buy or sell ooo*

Adinije:
Someone is seriously suppressing the price of UBA. It was trading at 26.50, and boom, it closed at 25.85

Quite some games playing out in some of these stocks.....

It's a case of the "The more you look, the less you see".....lol

First Bank: Closing price 43.95!
Displaced ZEE and heading for GT
No be small thing......

GT: 45.85
FBNH: 43.95
ZEE: 38.10

* Now someone was mentioning JIJO as if it's a bad thing......
Imagine picking Elephant @27 and selling @43 in less than 2 or 3 weeks!
I wonder the type of stock that can deliver that to you in 6-12 months as a dividend.......not plenty on the Exchange 😁

NEM @8
What's pushing NEM? What's the news?
Lots of activities since yesterday.....
Maybe dividend news

INTBREW full bid @4.89