thesilentone:


It didn't take too long for the market to respond to the results. A wall of sellers is building.

Dont know the attraction in Guiness..
When GTB, Stanbic & Nestle...
Are giving decent positive runs ....
Coupled with handsome int div...

Coolcash1:
Guinness yesterday gra gra don finish.

Coming down to N10.

Bargain hunters who entered based on Peterichy's post to jump out of the bus now!!!

With the poor result, I have shifted entry price to N5

Peter how market? I know you must have sold your position by now and still deceiving newbies to hang on...

Willie2015:


Dont know the attraction in Guiness..

It's pump and dump niggas at work

Is there a reason why members of the board of directors of guiness do not have shares of the company?

ojesymsym:
How do you go from 8.9B profit to 12.6B loss in one year? Even Oando non go do like that

The loss is more of an impairment charge on property, plants and assets which in my own opinion is not bad.
My major worry is the increase in administrative expenses and finance cost amidst a reduction in turnover.

Coolcash1:


With the poor result, I have shifted entry price to N5

Peter how market? I know you must have sold your position by now and still deceiving newbies to hang on...

N5 .... for where...
Place it at N3.00

What does this mean sir/ma?

pluto09:


The loss is more of an impairment charge on property, plants and assets which in my own opinion is not bad.
My major worry is the increase in administrative expenses and finance cost amidst a reduction in turnover.

ojesymsym:
What does this mean sir/ma?

There is an explanation to this on note 15

jamace:
Whenever I look at PRESCO and OKOMU, I use to have hope that one day FtnCocoa will be like them. .....I have a dream.

Like play, like play, they are patronizing your cocoa small small.

I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

ojesymsym:
I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

Is that what happened to you? Lol.
Guiness still have bids nah, not a full offer.....maybe not yet sha.
That stock don suffer, but what if it's tired of digging for oyel......

http://www.nse.com.ng/Financial_NewsDocs/31313_UNIVERSITY_PRESS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT.pdf
15k dividend

ojesymsym:
I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

Lol! mine was the opposite. My average entry price for Dangote cement was N143, I wanted to buy more when it dropped to about N115 but I mistakenly sold some at a loss.

It just shows we are human anyway, no need to feel bad about it, it will make you more careful next time!

Lemme add my own story too

Have you ever placed an offer only to realize you mistakenly bought from yourself at the same higher offer you placed initially. chaiii!!!!

That's what happened last year to me using me phone.

When I want to buy or sell using my phone now, the way I dey use take expand my phone screen eehn, you will think I have double short-sightedness

nna777:
Lemme add my own story too

Have you ever placed an offer only to realize you mistakenly bought from yourself at the same higher offer you placed initially. chaiii!!!!

That's what happened last year to me using me phone.

When I want to buy or sell using my phone now, the way I dey use take expand my phone screen eehn, you will think I have double short-sightedness

Lol

RabbiDoracle:


Tesla needs to fall towards $278. What will cause it to fall this low will drag:

Dow : 16K
S & P : 1,800
NASDAQ: 5,800

And I truly don't know what will cause it. This is an early warning.

Then lots of EMs and FMs could have contagion effect from the developed market fall. The liquidity driven rally is about to come to an end in my opinion.

Tesla is doing stock split. Tesla trading on Monday will be very interesting

STNWAUME:


This same Guinness that traded at N300 sometime ago is now struggling at N15 and someone is arguing that NSE is not a burial ground.

Hahahahaha

Burial ground indeed


There are companies that have fallen like that in the NYSE as well
In fact it is more common there sef


What happened to Hertz
And some other listed companies I cannot recall at the moment

These things happen sha
That's what you should know

Seunn11:
Could it be that all stocks on NSE are heading to 20 kobo?

Not going to happen

ojesymsym:
I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

It happened to me today (not @Guinness). I bought from myself. I was able to sell same stock a little bit higher later. It helped cover some of the admin charges I would have lost.
I nearly cut my right hand off.

Are u a prophet?

ojesymsym:
Even the markets when he do use make mouth, they non de get slump? See wirecard situation in Germany.

Even Wework
Those ones went underwater too...

Like I said
These things happen

I greet the House. I am so shock when I went through d comments of FTN cocoa. Their price is na 24 kobo and trade have started wella in d shares. I have been trap dere for years now. With over one million unit. Bought at 56kobo.

I wan run sell oh but d gain Dey keep me.

Please what’s d latest news about them

ojesymsym:
I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

Imagine, making a profit of 70k from disposal of all my AIICO shares and wanted to dispose all my CHAMs too , but mistakenly used all AIICO proceed to buy CHAMs instead, and wasted all the gains.

Omo, I was down for close to 1week, after all the plans made for the gains/profits, now I tripple check before placing any order.

ojesymsym:
I imagine a situation where you want to cut your loses and dump your Guinness shares only to mistakenly make a BUY bid without noticing it. If such a thing has ever happened to you, come we have meeting by 3pm

I had plan of selling 9000 units of a stock. I sold about 5000 units months earlier. Then, I wanted to sell the 4000. Unfortunately, I sold 9000 units thus defeating my plan of retaining some units. In this game, mistakes abound.

Mcy56:


Like play, like play, they are patronizing your cocoa small small.

Na so I de see am o.

Cross deals have been happening in the stock since the beginning of this year...Probably change of ownership..

Lets see how it plays out.

S007:


It happened to me today (not @Guinness). I bought from myself. I was able to sell same stock a little bit higher later. It helped cover some of the admin charges I would have lost.
I nearly cut my right hand off.

Are u a prophet?

How do this happened?? Did u have order for sale initially??

STNWAUME:


This same Guinness that traded at N300 sometime ago is now struggling at N15 and someone is arguing that NSE is not a burial ground.

It must be a burial ground for you and yours then and not to others

Chibuking81:


My problem with distance online trading is that when the case that will involve physical presence of a customer to pursue his/her case, the country concern like America might deny him/her visa to visit. And those who might not have enough money to pursue their case might ended up being frustrated.
Please help me with answer to these questions.
1. What of in case of eventuality where the stockbroker folded, how can one in Nigeria transfer his/her share to another stockbroker in America?
2. In place like Nigeria that registrar will demand your bank confirmation of signature for your uploaded e-dividend to be approve, how will one in Nigeria investing in American get his/her e-dividend activate in registrar that reside in America, without him/her being physical present and without American residential address?
3. The stockbrokers platform uses to trade foreign stock from Nigeria, are the under which country government regulations like (SEC)?

Am asking to know, because we learn everyday, thanks in anticipation.

1. When you register with the fintechs, they create foreign stockbroking accounts for you with their US partners but if you open with foreign based platforms, it's a direct account. This accounts can be transferred.

How do I know? I tried opening an account on T212, I was asked if I want to move an existing account to them. They told me the form to fill ONLINE.

2. Your dividends are paid into your stockbroking account. The cost of transfering them to your Nigeria account directly will not encourage you to accept direct wire remittance.

3. Trading the NYSE & NASDAQ, the brokers are regulated by US regulator. They also provide insurance to a certain threshold of your holdings.

I believe you can share other concerns and hear opinions in the US stocks thread.

Please note: my answers are not exhaustive and are limited by my experience. Seek professional advise, if you wish to test the waters.

Chibuking81:

OK thanks
What of question 1 and 3?

Hope you have some answers now.

dharpzee:


Imagine, making a profit of 70k from disposal of all my AIICO shares and wanted to dispose all my CHAMs too , but mistakenly used all AIICO proceed to buy CHAMs instead, and wasted all the gains.

Omo, I was down for close to 1week, after all the plans made for the gains/profits, now I tripple check before placing any order.

Please, are you still in CHAMS bus? What's the latest, I'm holding some bags I want to offload as soon as it hits my breakeven.

Pls any news on FTN Cocoa that’s making d share price going up?

Krisuba:


How do this happened?? Did u have order for sale initially??

I was selling in batches. The third batch I sent buy instead of sell at same price. I ended up selling to myself before I realized what was happening.
Chai. Never imagined this will happen