₦airaland Forum

Locotrader:
Calm down let capital market prevail
https://nairametrics.com/2024/02/07/nigerian-treasury-bills-rate-jumps-to-19-per-annum-as-cbn-targets-exchange-rate-stability/

Funds still entering the market despite the TB rate that many are shouting about.

DANGSUGAR for instance, if anyone follows the activities there yesterday, he'll notice that the more some investors probably in profit were selling, the more people were making use of the opportunity to buy.
- It went all the way to -10% at some point and quickly went back up to close @75+ again.
- Huge funds still entered GTCO, FBNH and some other stocks despite the sell off witnessed generally, and quite some stocks still gain at COB.
- Guess, this is the type of opportunity some bargainers may have been waiting for.
- No one should see his/her own investment plan as the best at any given time.....if they go, they'll still rush back again.
- Each should follow what works best for him/herself.
- Anyone moving to TB, good luck to them. They shouldn't make those in the market look like they don't know what they're doing.

PuristForest:
Meritrade is very okay, they can be a bit slow with responding to email communication but they do.
Regarding the interfaces, both platforms have their strengths and weaknesses, the new Meritrade interface is very simple to use and more userfriendly for the most part, beginners will find this quite intuitive to get around. MorganCapital is more robust but less user friendly, you have to dig in and read the help material to find things as you go along, however, it has more advanced features including the ability to see live trades and a robust reporting functionality which enables you to see the summarized market data and all your portfolio and financials... for me thats what sets it apart from meritrade. Finally, Morgancapital is abit effective with email coms, they try to get back to you within a few hours. If i were to choose one, i 'd actually go meritrade!

Good.
@Boshins you can weigh your options then.
I made my post based on some of the posts on Meritrade here. Not marketing for Morgan at all.

*edited*

Boshins:
Pls guys...I want to move my accts from my broking house to another...pls which do you recommend and the process....thanks in advance...

Go and try Morgan Capital Securities Limited
Seems people have been complaining about Meritrade here.
Send me PM so I can give you someone's number who is knowledgeable in that area and can assist you.
You go treat am well after everything is sorted ooo, no be only thank you he go chop.

SonofElElyonRet:
Thanks.. I'm too demoralized on transcorp having sold 2.5m units at N1 ! I haven't healed from the emotional trauma
No transcorp for me.... maybe for ever. The heart break no be small thing

You mean with all the price appreciation at different times and the uncountable posts on it here, you didn't re-enter since you sold at N1?
Did you sell at profit or loss?

I* You seems to be very impatient in this market and it doesn't work like that.....you know much better at least.
Not blaming you o, just saying you should look beyond your mistakes, dust yourself and plan to be much better. Everyone has one story or the other to tell at one point or another.
I hope you're making it big in other stocks you eventually chose to invest in anyway.
I'm not in the right place to give advice to oldbies like you sha.

Streetinvestor2:
The money market fund I am asking is the one that runs on daily like savings account which he can make withdrawal anytime or add to it.I see it on my gtbank app.i want to know if access bank has something like it

ARM Securities is also good.
MMF interest is daily but he can't withdraw the interest until after the month ends........and when you first register, you can't withdraw for the first 3mths, else you'll incur some charges.

SonofElElyonRet:
FCMB price looks good at N4.82 EPS but their dividend pay is poor. Last year was 25k. Should pay at least N1 if not N1.50 based on current EPS but i doubt it. Is FCMB a good buy at current price? I actually offloaded not long ago but thinking of re entering

Watch price movement first, and buy at bargain price if you intend to re-enter.
FCMB can't pay N1 from the look of things, not so generous with dividend payment except they changed this time. What you'll likely get is price appreciation if entry is timed right.

Also watch Transcorp and pick some at bargain price. It's getting some volumes and unusual attention.
*DD applies*

BUAFOODS @295.90 intra-day.....
Officially @295.90! Up with +10.90!

OANDO: Those guys are at work.......
Btw 12.85 to 14.45, the bids there are so thin, now they had to put fake offers at day's high which is 14.50......Una weldone ooo bargain hunters....
Maybe na Wale's guys too we don't know, dem get some hidden plans ...why not clear the bids on ground?

* Even if Oando will fall in price, it's going to be possibly due to general market situation and not the court case again. I rest my case*

ositadima1:
You dey rest your case now if Oando goes south na usual ghost mode you go enter.

Nah, you dey yearn with plenty confidence when him happen you go begging they change mouth.

I dey rest case because there's no point posting upandan about it.
You see me change mouth since this whole OANDO issue began?
That I rest my case or quiet when it goes south doesn't mean I've changed my stand o.
It's not over until it's completely over...

*Edited. Make e no be like marketing*

Shalom428:
People like Wale Tinubu makes Alhaji look like An Angel. Aliko, making his shareholders rich since 1807 ... Lol

Alhaji Aliko knows how to create wealth for his shareholders. Though it may take very long time, but he usually makes it happen.
Na Oga he be!

PuristForest:
Oando wont do 10 again

Again, we can never say never...
I mentioned that it can't go below 10 again based on recent observation of trend over time and not based on TA/FA.
If it goes below, it's another opportunity presenting itself. Mr. Market has the final say.
I rest my case on OANDO for now.

Locotrader:
Do you have Ote$$'s phone number?
There is need I book him for discussion on this oando issue.

Lol.
Make the papa come bail the minority shareholders out.

SonofElElyonRet:
Well if oando declares hefty profit during the pendency of the court case it would definitely shoot up the price astronomically... have you considered this?

Yes, because the last released improved report assisted in moving the share price above 7.....up to the 10naira region.

All these ones we are saying self, if we hear say Ote$$ entered OANDO, people go throway court case for one side first....

Make we just know say wetin I dey talk na "if" ooo, I never reach Wale's mind to know what his plan was/is......this is Caveat...

Locotrader:
Do you think these results you are waiting for are not calamity waiting to befall on shareholders?

What makes you think oando will release a good result in the midst of court case?

The result will be much better compared to the previous ones.........if we consider some factors ooo.... including the last result released.

* One of it is the NNPCL's payment of N144bn or so, for the retail outlets.
Not saying they'll pay investors from this but, it can be used to offset some debts.....I think it's a plus for O&O.

I'm not their spokesperson anyway......just following on news and updates.

Locotrader:
It lost a whooping 1.20kobo today.Are you saying it's going back to 7.07?
This is the language I understand following your write up.

Opposite!
I don't personally see OANDO going back to below 10 again.
The activities today was normal, a reaction from disappointed minority investors whose high hopes were dashed due to the adjournment again.

I stand to be corrected anyway.....as we hand over the situation to Mr. Market to take care of .....in its own way.

..but we must know that those guys have plans, what was in their mind we don't know.

veecovee:
Looking at today's price, salt is seriously lagging behind. Am begining to think there's something we do not know

This market is the more you look, the less you see.

It could be the activities of some investors, brokers, MM or insiders to depress the share price, so they can pick cheaper for their pot belly clients.
Many things do happen behind curtains.

* As it is, based on today's closing price, Salt is cheaper to pick. A difference of around 14naira btw the two now....
Also, from past reports, NASCON's report is more healthier than that of SUGAR......
We'd expected that NASCON's report will cover for SUGAR self.....
* The ratio has been communicated already, except there's now going to be an amendment or whatever.
We'll see how it all pans out anyway.

Mpeace:
My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year.

Honestly, this was what I'd expected.....either the Court strike out the case or the parties agree to settle out of court.
We may never know what could still happen sha.

From the stock body language, there seems to be more than the court case we are seeing.

Shalom428:
It pays to watch / listen / observe / learn when people in the know are putting out some critical information. Attacking what you are not prevailed to is not wise.

Lol. In this market, I've learnt never to say "never"...

When Oga Rabbi predicted ASI to reach +100k, and that some stocks will appreciate high in price....
One of our ogas here said, how can it be? That it can never happen even in 30yrs, but in less than 2years it happened!!

If anyone had said in a year's time, TRANSCORP will sell for N15, I'm sure many will say 'never' .....and come up with different theories of how it couldn't be so......this is same TRANSCORP that touched 19 despite the Tony/OS analysis paralysis here.

While not also in agreement with DANGFOODS reaching N350 in Q1 2024, I'll still not say it can never happen......but could just be a gradual movt overtime or year(s) sha.

delvzy:
The way this OandO issue dey go, we fit use the whole 2024 for am without any clear coast ahead.
Wetin concern Wale when steady payment package dey enter steady for am.

This may be a positive twist to the whole Court saga....
* What was the prayer/request(s) of these ones joining the petition? We needed to know
If these additional shareholders are genuine ones and not acting the script, then OANDO may be made to sit on hot seat....
7.07 exit of 2021 no longer feasible
Whatever the case is, we ought to have clearer info before the next Court date.
*My opinion*

DANGFOODS
- We'd expected that Alhaji will use this for the Forbes list but he used DANGCEM instead...
- Now that SUGAR/SALT didn't submit UNAUDITED Report to NGX by 31st January......
- We may be looking at the 60 days window through which AUDITED should be submitted.......failure of which may attract sanction/fine.
- We'll be looking forward to end of February again for the reports or merger update, whatever be the case.
- Fingers crossed

BullBearMkt:
...at least while I was providing participants on this thread with comparison charts in 2017, you were busy with sexuality and romance threads!

Oga, you Sabi throw stone like this! 🤭🤭

BenNigeria:
After reading about Warren Buffett, I have decided to coming into the market with just 50k hoping to make 20m in five years time Is it really possible?

Lol. Oga Emma over to you.

Btw, quiet house may not necessarily mean too much red on the floor, it may also suggest that there's not much bubbling in the market or it's somehow neutral. Everyone just dey observe and waiting on next news....

dapix:
wow, UBA currently lower than ACCESS

Lol. ACCESS taking back it's position...

thebargainhunte:
Even your gender sometimes is predictable, but u see oando, if you no get strong mind, u no go fit play am.

This OANDO no be by force, plenty stocks dey ground begging for buyers, you fit go buy and get peace of mind.....while you leave high risk takers to dey play am.

Market not doing bad today so far......

CHAMS doing well in market.....
Caverton, TRANSCORP, UNILEVER, UNIVINS, AIICO, Cornerstone, ......all responding well...

thebargainhunte:
Volume buying above #15 is getting interesting. Maybe they don't want the price to increase until after mopping. I also positioned myself to buy @ #15.45.

15.45 is highest price for today....
How you wan buy for 15.45 again?
Or you mean 14.45?

Besides, anyone wey wan commot make e commot make others see road.....

edwardaigb:
I'm also trying to reach Morgan Capital, anyone with a working number should help. I sent mail before 7am and no response. Madam Macy help please.

Attached.

Kreos44:
I don check my mobile app so tey the app dey show me balance now before I put pin.

Lol.

InfinixMine:
Chairman, please examples of fundamentally sound stocks.
Thank you

They're plenty and are been discussed here every now and then.
* But note that entry is very important.....most of them have gone up around this time, to enter depends on you.....but you may have to wait for pullback in those stocks.
When this will happen? I dont know. You'll just have to keep abreast of happenings in the market at all times and follow this thread as well.

All SWOOT members: SEPLAT, DANGCEM, MTNN, AIRTEL, GEREGU, NESTLE, GTB, ZENITH, FBNN, ACCESS, UBA, BUACEM, BUAFOODS

* Other Big Cap Stocks: OKOMU, PRESCO, WAPCO, FMN
* Other Banking Stocks: FCMB, FIDELITY, STERLING
* Some insurance Stocks: Custodian, Mansard, LASACO, Cornerstone, NEM, CHI PLC
* Oil and Gas Stocks: TOTAL, CONOIL
* Others: LEARN AFRICA, JBERGER, DANGSUGAR, NASCON, BERGER PAINT, IMG, etc

* Will update as I remember others....

Demaxl:
How do i get into stock exchange as a beginner?
I am a student and I want to get into the market

A good step in the right direction.
The earlier you're on this path, the better.

* Contact a responsive digital broker to open a trading account.
* Concentrate on one or two dividend paying and fundamentally sound stocks max, and start buying and increasing the quantities as spare funds is dropping in your hands...by transferring it to your investment account to increase your holdings.
** From there, you start learning about investments and how it works, the different types we have and how you can explore them as you leave school and start working.

Also, click this link and let Oga BullbearMrk's 1st post on the page be a source of encouragement to you.
Good luck!

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/7571

Kreos44:
WHT was mentioned but it only indicates that there will be a further payment as indicated previously. A far lesser payment maybe 1-2 naira

Ok. Thks.
Will also recheck it.

essentialone:
COPIED...
"Dear experts in the house, pls I want to know if there's any issues with Transcorp plc .
I bought reasonable amount of shares @ 19.45 last two weeks, only to find out that it has dipped to 12.96. What's happening pls and what's the right thing to do now...."

All these people will end up losing money and dashing money to the market if they keep jumping upandan and panicking unnecessarily like this!!

Guess people needs to learn the basics of how this market works and acquire basic skills of investing before jumping into it at least........or even if they jump into it, should make frantic efforts to learn how it works and equip themselves with investing knowledge......and not continue to liken it to crypto or MMM.
This has been said times without number here...and newbies are been advised to buy more of fundamentally sound stocks!! Since they don't know their ways around the market.

On what the person can do? He/She has two options:

1. To do NOTHING!
Or
2. To watch out for likely bottom and average down his position. This way, he gets to benefit from the next rally.......or sell without loss as the case may be.