₦airaland Forum

toyeoye:
Fuel subsidy will be removed before May 29? Any thoughts on how the market might react please?

https://www.nairaland.com/7615438/fg-abolish-petrol-subsidy-before

Apparently, there are plans to move NNPC listing on the NSE to next year. Obviously sharp increase in prices of goods and services except there's a mass transit plan to assuage the pains. Trains are not well connected to assist in commodity transportation. A government that has chosen to put the cart before the horse. Any how government. Stocks operating in the downstream sector and transport companies without much thinking.

Vat to 10%. That's wickedness if they're not going to increase minimum wage and divulge economic power to states.

Emerging economies are gold mines.

NSE is just behaving like a jilted lover. Too many unnecessary "emotional outburst".

Blacksmiths

DeRuggedProf:
Year 2008 crisis showing year 2023 around...

Rookie looks

Wahala no dey finish oh...
https://ca.news.yahoo.com/credit-suisse-shares-drop-fresh-093204097.html

zrocky:
ADVISE FOR TODAY


AVOID WROCLAW TRC TAKES FOREVER TO GET

TRY TO LEARN POLISH BEFORE YOU COME

LEARN AN EU LANGUAGE TO B1 LEVEL
THE TWO POINT ABOVE THIS WILL GIVE YOU MORE OPPORTUNITIES

BIG CITIES LONGER CHANCES OF GETTING TRC WITH LOT OF OPPORTUNITIES, SMALL CITIES BETTER CHANCES OF TRC BUT FEW OPPORTUNITIES

IF YOU WANT TO ACT MOVIES OR BE A MODEL WARSAW AND KRAKOW IS THE REAL DEAL.

Krakow looks like a possible ground. Found some university of Economics pg study I'll like to pursue, considering trc and multimedia-hustle.

zrocky:
If its the best technology university, go to Wrocław University of Science and Technology (Politechnika Wrocławska) that school na for only serious minded people where sabi book. after them look for only public universities.

well wroclaw is 3hours to germany lot of opportunities, but you have to wait a year to get trc card, maybe your case will be different.

nice you have german knowledge wok on it job dey but try learn polish

Thanks. It would have been knowledge of polnisch, but Germany was on my mind.

yok:
THIS GLOBAL STOCK MARKET IS IT
Beign close to the market is good. Fortunately, I don't buy risky stocks again. I am eyeing some banks stocks, FRC did some margic today. I could have bought TFC, but I decide to port to SOXL

Sprouti is good. No commission is big deal, can you imagine, I sold the BTG I bought yesterday (at breakeven due to no commission) and this for part of the money that went to SOXL

I'm having itchy fingers for FRC. Still searching for clearance..

Chart on the left shows that the banking sector looked good. Interest spurred on towards the last 2hours of the day. We can temporarily say we are safe. Perhaps, there might be no use for the cutlass people have sharpened... yet.

OakPearl:
If you have funds to invest long term in the US market, this is the time to invest in the best companies with sound fundamentals /health.

I have found a gem of a company for long term.
$ZIM $20.83 and it’s on Trove, meaning it’s likely available on Bamboo and Chaka.


The following are the fundamentals behind this stock:

Book value/share $46

Cash value per share $32

Special dividend to be paid next week $6.40

Adjusted EBIDTA guidance/share $1.7

30-50% annual dividend policy

Cyclical bottom as FED interest rate has peaked

Inventory overflow now depleted and freight rates should stabilize and go higher

Long investment, short squeeze or 2 weeks swing trade opportunity. Either way, the set up is great.

Shorts were expecting the company to burn cash next year but instead, company guidance given for positive EBITDA and EBIT , catching short traders off guard!

It’s a shipping company called Zim Integrated Shipping Company Ltd.

Damn!! All in!!! OakPearl you and your pick!!

*modified*
This is one tricky stock

CryptoNews22:
Fear of downtime and huge lose sometimes scare me off investing on stock market...








https:///KcBa6qCyAHDGn6fWjMtCvF

Fear solves nothing. You just have to go in with a strategy and shoot your shot

RabbiDoracle:
Watch Swiss bonds.

There was massive rush into the bonds yesterday that collapsed the 2-year yield by 40% in just 1 day.

Now the 2 year bond yield is collapsing again by 25% just some minutes into trading.

I think there are stresses in the global banking space and the epicentre may be in Switzerland.

And secondly, why did SEC tell Credit Suisse to delay the release of their annual results via a phone call last week. What did they see? What is the scale of CS loss?

And $CS CEO, as at this morning, is even rejecting the board's bonus for the year end 2022 and taking a pay cut. Kilode?

Nkan be!!!

Woke up to feed on twitter about Swiss distress. I was like "Mogbe!!" The epic centre of financing!!

YoungBuffet:
Yes but I don't think it will last longer as all the regulatory authorities all over the world are on their toes now to do per minute or daily check on their financial institutions especially the western world. More stress test being conducted. Time to think outside the banking stocks for me.

There are a lot of blacksmiths in here smiling to your response.

I want to be like PeetObi. I want to be a trader not an investor

zrocky:
ADVISE FOR TODAY

IN POLAND PUBLIC UNIVERSITIES ARE FAR BETTER THAT PRIVATE (EXCEPT BRITISH UNIVERSITIES WITH CAMPUS HERE)
AS MUCH AS POSSIBLE TRY TO GET A PUBLIC SCHOOL.

AVOID WROCLAW TRC TAKES FOREVER TO GET

TRY TO LEARN POLISH BEFORE YOU COME

LEARN AN EU LANGUAGE TO B1 LEVEL
THE TWO POINT ABOVE THIS WILL GIVE YOU MORE OPPORTUNITIES

BIG CITIES LONGER CHANCES OF GETTING TRC WITH LOT OF OPPORTUNITIES, SMALL CITIES BETTER CHANCES OF TRC BUT FEW OPPORTUNITIES

IF YOU WANT TO ACT MOVIES OR BE A MODEL WARSAW AND KRAKOW IS THE REAL DEAL.

POLISH PEOPLE ARE NOT FRIENDLY, 2YRS HERE GOING TO 3YRS NO SINGLE POLISH FRIEND BUT I HAVE FRIEND FROM UKRAINE, TURKEY, GERMANY ANYWHERE YOU CAN THINK OF, BUT NONE FROM POLAND

THE LADIES CAN BE YOUR FRIEND BUT ITS DIFFICULT TO BEFRIEND A POLISH GUY, NA LUCK IF HE ASK YOU OUT (LADIES)

CUSTOMER SERVICE DOES NOT EXIST HERE. FOR YOUR MONEY THEM NO GO SEND YOU

Obviously I can't work the germany route again so I'll have to accept my budget with poland in mind.

Quick question: What schools can I look out for?

(Factors)

I speak basic german(still learning)
A guy has to hustle(I got skills in multimedia+data analyst)

What are your takes to border towns close to Germany??

Time to pack-up..
Your response will be appreciated.

I don't stress myself with making picks . Whenever "formal economy" is going bananas, gold and crypto related stocks are your best bet for quick runs.

MARA(my preferred fallback) pulled a 28% high as of yesterday. Looking if it can pull great numbers today again before I bring out the sickle.

Zagee:
Nigerian Market no dey ever follow.. lol..

China had all index up at the end of the day.

Europe is currently down on every index(wahala...)

America na timezone dey save them like this. But Pressure ti wa!!!!

Crypto enjoying some bounce..

Asian Market joined the gbese last night.

Hmm...... Looks like everybody go collect oh

yMcy56:
ZENITH
Is this HOLDCO effect or global effect?
Much activities @25

Can't really tell. Nobody wants dividend too?

yMcy56:
Lol. Boss don't mind my comment.

Actually, this type of scenario has played out one time like that, which does not affect NSE as such.
Since the foreigners left the bulk of the trading to the locals, it seems like some kind of blessings in disguise for our local market, especially with the events happening in major countries like the US......it's not having sharp decline on NSE, unlike when the foreigners dominated the market.

This' my newbie's view of it.

Truly, we can never pick a better time to be grateful to them, but still this NSEBNK index is not looking good from the minutes to the hour charts ooo

YoungBuffet:
It depends on the composition of the market players, if foreign investors are many on our NSE trust by now everything would have been red top to bottom.

You see, sometimes FPIs are not good .
Make this scale of price change I dey see here make e no cross the Atlantic ocean oh..

But still we have to be on the look-out.

YoungBuffet:
Banking results will push up volume, that is what will gear up the market.

That "gear up", you might want to hold your "reverse gear" while at it oo...

Nigerian Market no dey ever follow.. lol..

China had all index up at the end of the day.

Europe is currently down on every index(wahala...)

America na timezone dey save them like this. But Pressure ti wa!!!!

Crypto enjoying some bounce..

NSE ALL SHARE INDEX is just doing vibes and Inshallah. We need government direction ooo. Wobbly on the monthly chart, tugging it out on the weekly with head pointing towards all time high from 2008(circa 65,000) on the yearly chart

Na siddon look I dey.

yMcy56:
@streetinvestor2
Bros, you do have right to state your own opinion and perspective too.
You also did well to warn and caution us about market events. Not disputing this at all.......and I Blvd it was assisting some people in a way or two too.

Just know that we can't force things on anyone.....just like those giving predictions based on TA can't force anything on anyone.
You all are giving guides which are highly appreciated by someone like me sha.

However, what I do call you out for is about throwing shades at those with contrary opinion to yours.......as well as rubbishing Technical Analysis (TA), which is one of the strong tools used in investing.

Best in investigative journalism award!! Ah!!

[quote author=Streetinvestor2 post=121546179][/quote]Last time I checked, the market is being run by locals as most of our foreign guys exited long time ago. Reason why NSE is trying to float a program to attract young investors in Nigeria.
As for the bear, they will always come and go(this we don't know when)

yMcy56:
During COVID, ZENITH went as low as 10.70, I bought around 10.75 with my breakeven as 11.
GT went as low as 16.70 or so......

Remember many bought higher before COVID occurred, it became an avenue for some with good cashflow to average down. Some took loans, some without fund did siddon look, etc.

Can't forget the efforts of @RabbiDoracle urging people to buy @ below 11 that time........with some convincing facts and all that.
How many remembered to come back and thank him? .....but to throw shades dey quick them.

Where's Peter? I will never forgive that guy with neimeth

yMcy56:
Bros, why these stone throwing upandan nah??
If you have issues with anyone's post or prediction(s), the most honourable thing to do is to be constructive about it cos we view the market from different perspectives and someone like me don't have to necessarily agree with your own perspective.

I've had course to argue with Pa Emma here on some occasions despite that he's a sage and knows the market inside out.......and me, I be newbie.

As at yesterday, the market still closed +ve despite your "run", "take cover" msgs.
Some still didn't agree with your view, doesn't me we'll be throwing stones at you for that.

What happened to your below post on 8th Feb and other consequent ones?


Pls note that, even during COVID-19, some of us were still here. Soooo, if bear wan come or if na bull, all is well and good.
God no go shame us.

https://nairametrics.com/2023/03/06/nigerian-stock-market-closes-bullish-as-investors-gain-n42-billion/

I guess he stopped being an investor. Look at me, there's no shame in being a trader

Zagee:
Certainly wapco is eye-catching. And looking at all the candidates, there's only one i can genuinely say he will support a free market. Besides, his projections are favorable to consumer goods. But as someone said: " hope is not a strategy".

In that regard, I have narrowed down to riding JB across the elections.

Few units looking good after a while. Hope no dey help for NSE

Streetinvestor2:
Eku audited result/election bull.See how market they dance one leg front, one leg back.The catalyst which would have propelled the market, that is foreign investors are not coming anytime soon.On a very good day stocks like Dan sugar, ucapital,wapco for they fly with this kind results/div.Na which results then wan push the market north.when I know the bank results will be marginal growth from last year as the ceo are turning the banks to thr birth right via holdco.The market no get another direction soon that South with full force. No fall mugu if you are not yet in the market. TA na just assumptions that works if it can gather a large crowd to believe it

This your last line nai spoil your thought pattern.

Oando weekly chart looking good..

careercrew1:
Hello house, please how can I fund my dorm account with $ at cbn rates?

Tenth wonders of the world

Our election finally made it to the FINACIAL TIMES

yMcy56:
GTCO:
Much stronghead....
Reversing up again .......from 26.60 back to 26.75.....
The buy pressure is much....

That guy has too much pride

Zenith bank Surulere branch. Lol