₦airaland Forum

CircleOfWilis:
As it is currently observed by Jaiz bank shares...
Dumping ongoing, my money melting before my very eyes

Also monitor the trend on JAIZ to some extent, thought it will reverse but it didn't....could be due to a news or so...
Will observe the trend again tomorrow and if it doesn't change, then it may be time for you to apply stop loss.

Risk of picking stocks at high prices.
My ogas will say we should stop pursuing molue wey don leave car park.......though not in all cases..

* Let me add this: Hope you know you didn't lose unless you sell? The loss you may see is paper loss.
I don't always encourage selling at loss. You may just need to add more patience to your patient ni.
Another strategy could also be employed to minimize any loss.

- Who knows, it may just be activities of profit takers' or those directors accumulating on the inside..... the trend may reverse up tomorrow again.

yeddy99:
Could be pump and dump.

While some people may make use of the bull opportunity in market to pump and dump some stocks, I don't generally see the current bullish trend as out of place.

Reason being that there are lots of positive factors driving the market......new govt, change in govt policies, perceived favourable policies on forex, etc.

Also, if we consider the profitability of our stocks compared to their share prices, then they are cheap, and at one point in time, there bound to be price correction, which I think it's what we are witnessing now.

For those buying at high prices, it's high risks taking. May favour or go otherwise.
The thing is to cut losses by applying stop-loss in such stocks.

More reason it's risky to recommend stocks when the prices have gone up.

Someone or an entity is busy pumping Goldbrew..
Let's be careful of the penny stocks we're trading and know the reason for picking whichever you're picking...
*My take*

Daarcoms, Afromedia, Deap Capital: Be careful o.
If you're a newbie, don't let them dump their kaya on you. Those stocks are moribonds and have not traded in many yrs.

Lots of accumulation in STANBIC!?

bibs4all:
Thanks...

If you can get Lasaco cheaper, you can buy.... *Edited*

I still feel bullish on it.
I have my reasons. Though may not be generally accepted by all but pick some.

*After the reconstruction, the total outstanding shares was reduced to 1.834B
* Out of the 1.83B, only 870.8M is for free float representing 47.50%
* Other %, 59.65% are in the hands of the substantial shareholders and networth individuals.
* Lasaco is one of the core insurer of Lagos State; Lagos govt has stake and interest in the Coy.
* At N2.69, Lasaco is presently trading@0.67k and is paying a dividend of 0.15k (even if split into 4, it's still trading at a yield of more than +5%).
* 2022 fye was very good, Q1 was solid
* If Q2 should come out fantastic, then it shouldn't be trading below N1, i.e. N4 in near future.
* The Federal arm, BAT regime may favour the coy much more, with Sanwo-Olu as Lag govt.
* If Sovereign Trust could be selling for 0.61k without dividend, then I don't see Lasaco selling at same price as STI.

If you're for investing: Pick UBA or ACCESS
OR, *preferably, hold your money for now*

**Caveat: Nobody should crucify me o. That's my take on it. Sentiment also matters in this market. DD applies*

megawealth01:
What if una buy INTERNATIONAL BREWERIES...
Nobodi should quote me just like no one quote me on ftn ooooo
Oyo oooooo

I've seen quite a lot of recommendation on IB...
Can you pls shed more light on the "goodies in the bag" so we can also do DD?

IB rally is not something we are expecting so soon, is it?

NewBola:
What's your take on UPL ma?
** I am aware I have to do my DD

Except you're for long term and have funds to stake on other stocks aside it.
UPL is very illiquid and can tie your money down for long.
Besides, it trades in range...
Except the management decides to give out mouth watering dividend for the last financial year (ended in March), then, I'll say, look elsewhere.....but if bouyant and have deep pocket, wait for it to come below 2, then buy.

*Pls note that this is purely my opinion.

Zagee:
It was my Maths that failed me in FTNCOCOA
I just looked at the figures again 🤣😭

Well done sir.
Were you not the same person that replied when it was mentioned as another 'corruption' here?
Guess it was selling at 60/70k or so that time...
Can't lay hands on the post now.

bibs4all:
Thanks @yMcy56 abeg help oo

No be small thing.....
I get plenty ogas for here o, me too na apprentice.
Which one do you want me to mention now?
Some of these stocks have appreciated in prices this time you came.

Which one do you want self? For trading or investing?

The one I can still suggest for you is Lasaco for now....

Most of these stocks were mentioned and highlighted here, even long before they started appreciating in price...

* You know what? Just keep your money for now....if opportunity comes up you'll be notified. Think this is the best for now......most of the stocks are up..

Mfunkynation:
@Loco and Ymcy56, na two of u open my eye on lasaco. I got it at 0.48k ,trap after reconstruction. Now my investment capital has been recovered! I plan selling @2, but they way am feeling, I ain't selling now

Very nice.
Collect your dividend o.
Qualification Date is 3rd July.

Ajibade123:
alright
if someone buys today would the person be qualified for the dividend?

Of course.
It's not June ending yet.......it was after the H2 (2nd quarter) financial report is released, that the interim dividend will be declared.

Interim is not always big like final Dividend o, but it's something too.
0.20k was paid last year.
We don't know how much it will be this year.

Cc: @Zagee

UBA is just dancing in circles!

dangle:
He bought it before the share price was reconstructed at one new share for every four held in 2021.

Yes. He bought before reconstruction.
..Okayyy.....Except the cost price is still carrying pre-reconstuction price!

Just like my Mansard....my cost price was showing 0.93k before I tampered with it.

You're very correct!
He was also right! @Loco, he must be right with the 405.3% after all.

locodemy:
Let's do the maths.
The least price it attained was 80+ kobo.
Ask him when he bought and at what price.

Even it's Jijo I was doing on the stock before it caught people's attention at 1.20-1.60 through your emphasis on it.

Anyway I congratulate him even at 1000℅.
Who we go ask?

I think he meant +305.3%.
Lasaco touched 0.80/0.81k (20/21k)

0.81k x 3 = 2.43
And Lasaco is presently selling above 2.43....@2.69 today.
Whichever it is, that's massive for an insurance coy.

Ajibade123:
when is UBA dividend?

Interim dividend will be coming after the first half of the year, which is 6mths period.

Mfunkynation:
405.3 ROI

Wow!
Loco see something o.
How did it come to 405% though? At what price did you buy?

Ginalex:
LASACO oOoOO YMCY56 thank you ooo 52% ROI

Nice! Congrats. All thanks to God.

It has potential to touch 3.....all things being equal.

@3, that will be 0.75k.....which is not bad at all...

* Not any form of advice o*

MeezPat:
Where are you seeing this from please

From Live Trade in Morgan.

GTCO
N1.3Billion spent so far.......still counting.... .....1.6B......1.84B......2B...

GTCO
The volume buyers resumed already.....
Bullion Van stationed there to pick as much as possible....

So, CHI PLC is now waking up.....
This is one of the undervalued stocks in my opinion. Think I've posted it before too.

UNITY opened on full bid @1.23....
JAPAUL not doing bad in market @58k......
DANGCEM: Alhaji's boys visiting market since yesterday.....

* Just market update*

bibs4all:
Thanks for this valuable explanation. I'd like to learn. Can you point me to a group or links? Also can u suggestion me some stocks to buy at my peril for a tryout?

You know what I'll suggest for you as a newbie?
Buy UBA or ACCESS or DANGSUGAR

* If market goes down, you have your interim and final Dividends to hold body till the price correct or adjust itself back.
* If market goes up, all well and good, you'll get capital appreciation as well as your dividends.
* If market goes down, it will only present you with opportunity to buy more at cheaper price to average down your cost price.

Loco suggested Interbrew, well, if you so wish, you could pick some units if you think you don't want to miss out of the anticipated rally (if it occurs).

Try and surf thru some past pages of this thread, you'll learn one thing or the other that could make you better as an investor.......and, don't hesitate to ask questions if you have any.

seyisanya:
The oga that was accumulating this stock a few months ago, I think he wanted to buy 5% of the company. Oga, food don done ooo. Nah retirement remain now.

I know you came to laugh us but the financials are there to proof your wrong.

YoungBuffet:
Bro. Everyone is the manager of their portfolios, am much bothered about the people we are misleading and that is where I stand. Anyone can call me any name I don't care. Sometimes when we entered a penny stock we come here to advertise it and when those uninformed people enters will exit and leave them to their Fate...... japaul...

I honestly don't know what your mission is.....but, I think you should be fair to people posting here too.....myself inclusive.....cos I know I'm one of those you're referring to directly or indirectly.

If you'll be fair, you'll know that all stocks are being discussed here, and, I think we've dwelt much more on dividend paying stocks as well as f.ug.az mostly... especially for newbies.

How is mentioning ACCESS, GT, UBA, FBN, MTNN, AIRTEL, and others in that category misleading??

So, if value is sighted in other stocks including penny stocks, it shouldn't be mentioned here again because to you, it's misleading?

If you don't want gains during this period, at least allow some others to make some money. NSEMPAS are not the only ones trading in this market, we also have other local and international players; the fund managers, govt parastals, companies, brokers and quite a lot of players. Some of these experts see these things before us in most cases self.

Don't stop reminding us about your generational low as well because we don't want to be carried away. Do more research and pls do well to be keeping us informed.

Btw, our miracle stock is trading at another +10% today again.......on full bid!

Geovanni412:
It depends on what you want

Dividends, share price increase or miracles

Miracle is for Kobo stocks that are insolvent that can shoot up by 3x or remain stagnant like Dunlop Nigeria for years.

What is your risk appetite... If you lose the money, you go cry?

This got me lmao.
This kind advice come get as e be o.
As in, there's another category for miracles now. Lol.

IYGEAL:
Many buyers lined up for UNIVINSURE. Where did they come from though? You'd expect the sudden bids to have come from a single entity, but buyers plenty.

Has to do with their result mostly...
The FY and Q1 results released shows the stock shouldn't be at car park...
The result has always been good, I don't know why it was grounded at car park since all these days sha.
My opinion.

lancee:
Sis yMcy56 any update on fcmb.

FCMB is dragging feet...btw 4.95/5.10...
If others move up,.it won't have choice than to move.

GT @32.40.....Up with +1.80....
DANGCEM: Volume...@ 286.90
ACCESS: 14.90/15
UNIVINSURE: Getting attn @20k......offer reducing drastically.....20k offer cleared...
Much volume in Sterling and Wapic @72k
WAPCO in volumes!

FIDELITY: Sighted @7.26....
Quite some +be news for the bank.

* GTCO: The buyers are in market with volume.......inching up gradually.....Up wt +N1.30..1.40..
* Over 1.4B spent so far....N1.5B...1.8B...
* Sighted @32!!
* Something is happening in JAIZ!! The volume suggests this..

*Pls do not take as any form of recommendation*

Zagee:
Low key robbing Paul and paying Peter
Goodmorning Boss

How? Which one?

GreatEko:
CBN removes saving, withdrawal limits on domiciliary accounts

https://punchng.com/cbn-removes-saving-withdrawal-limits-on-domiciliary-accounts/

More good news for the market...

IHelp:
Let the poor breath.
Don't suffocate them

Lol
The poor too deserve to live...

Currently on full bid @1.12.

UBA presently getting lots of attn in the market....and.....interim is getting close..
UBA used to give much better interim among the fu.ga.z (in terms of price/volume comparison anyway) let's hope this year would be better as well.
* We've done the analysis here in the past.
Followed by ACCESS.
*ZEE and GT got higher marks for final div.

UNIVERSAL INSURANCE
2022 Financial Statement:
https://doclib.ngxgroup.com/Financial_NewsDocs/38775_UNIVERSAL_INSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2022_FINANCIAL_STATEMENTS_JUNE_2023.pdf
Q1
https://doclib.ngxgroup.com/Financial_NewsDocs/38777_UNIVERSAL_INSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JUNE_2023.pdf

LASACO
Corporate Action
* Qualification Date brought forward to 3rd July, 2023 (No longer 14th Aug).
* This has been published since 5th June but some sites didn't change the date)
Payment Date: 31st July, 2023
Registrar: APEL Registrars
https://doclib.ngxgroup.com/Financial_NewsDocs/38729_LASACO_ASSURANCE_PLC.-CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_ACTIONS_JUNE_2023.pdf

Mpeace:
Yesterday's bear was more than profit taking. They might have deliberately lowered the pricebfor some people to enter.

You may be right....
The volumes are much today again...
Over N1B in Zenith alone......these can't be retailers..
We'll see how coming trading days will go...

ACCESS volume buyers in market....
UBA: Volume too.....

BullBearMkt:
I appreciate your view, Oga Emma, and I fully acknowledge the importance of understanding the underlying business of a stock. However, I believe it's also essential to appreciate the different strategies that people use to generate profits in the stock market.

In my experience, proficient traders can realise substantial profits even from "dead stocks." without necessarily delving into the business intricacies behind each stock. Their focus, instead, is often on price, volume, and market sentiment. Now, where Fundamental Analysis shines is in helping establish the intrinsic value of a stock, which can help maximise returns in the long term.

I will not say much on Unity Bank, but as a trader, I see opportunity if price can dip a bit.

Thanks boss.
Oga Emma is a long term investor, so he chooses his portfolio items carefully......so it's understandable.....but he also needs to consider others who are day/swing traders while making his assertions.

That's one of the reasons I don't want to mention it initially when it started the movement from circa 44k or so.

Any banking stock below N1 is dirt cheap (in his voice) in my opinion.

If stocks with no result could be delivering over +100%, I wonder what we'll say about an established and active banking stock. Selling below N1.
How many cent is that?

Besides, JAIZ and UNITY used to be in same league and move together. If JAIZ is approaching N2 now, I don't see UNITY still sitting or sleeping below N1.

With the new regime, banks are in for a good time.....at least so far that we've seen.

** Pls Note that I am not marketing UNITY. Mr. Market will take care of it as it's been doing since it started @44k. DD as always**