Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:59am On Aug 29 |
WestPB:
Megawealth, please can share with us the source of those screen shots where you compared prestige with another insurance stock It's a premium service |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:45am On Aug 29 |
![grin](https://www.nairaland.com/faces/grin.png) Raider76:
I seems Morgan iTrade bid/offer table for some reason only shows bids at the highest bid price of 69.95 for Oando. This gives the impression that Oando is on a full perfect bid with nobody looking to buy it lower. I just placed a bid at 69.00. The bid was accepted but not shown on the table. I expect that if all bids are at 69.95 then my only bid of 69.00 should have been listed below those bids. Does this mean anything? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:45am On Aug 29 |
MARKETJJC:
As long as Oando moves forward, ETERNA will tag along. If you miss Oando enter ETERNA Have you tantilized out? |
Investment / Re: Crypto Currency Investors Thread by megawealth01: 11:33am On Aug 29 |
iLegendd: We are almost there. BTC dominance top. Meaning bleeding? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:31am On Aug 29 |
Ades1:
Rest of mind makes a lot of sense too, For years the, yield on cash was 0%, hence the need to take some risk. 5-6% yield today will definitely make you rethink.
At the end of the day, nobody knows tomorrow or what could happen, not even Buffet. Having cash on the side which brings in about 1/4 of Berkshire’s annual profit is not bad at all. PEACE 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:30am On Aug 29 |
MARKETJJC:
As long as Oando moves forward, ETERNA will tag along. If you miss Oando enter ETERNA Nobi wetin people suppose do when they were laughing at eternal as it was struggling to cross 20? Well whatever people are buying they should not buy ATH sha ![grin](https://www.nairaland.com/faces/grin.png) |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:02am On Aug 29 |
Capitas7:
He has stated before that Coca cola was no longer a "profitable" investment, but he has chosen not to sell because it would cause "chaos" because of the number of shares he owns directly/indirectly. Selling off 80-100% of one's holdings as a strategy is only easy when your capital is relatively negligible. At several billions and double digits percentage holdings of a company, even cross deals will be easily noticed.
We see these things when there fight for power in some of our companies here in NGX. His preaching have always been to buy the lows of undervalued stocks to increase holdings, not to sell off and come back when the coast is safer. What a useful knowledge to add... 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:22am On Aug 29 |
emmanuelewumi:
It is still better and smart to have a good personal retirement plan. That's way to go... A good man lives inheritance to even his fourth generation... You don't have to point your next generation as your retirement plan |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:03am On Aug 29 |
PRESTIGE has presented another opportunity for those that can seize it at 0.57...
Don't waste time on things like this...
PRESTIGE is a goal if you know you know 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:01am On Aug 29 |
Sunrisepebble: A little bird has told me end of first week in September Ok |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:54am On Aug 29 |
Sunrisepebble: This is the day that the lord has made. Today is another day for Aradel, you miss it today and it trades 7k tomorrow. A word is enough for the wise When is the qualification sef? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:53am On Aug 29 |
emmanuelewumi:
Fundamental is different from valuation.
Having a duplex at Lekki phase 1 is a fundamentally sound real estate investment, but if the property is selling for N1 billion and generatng a rental income of N15 million per annum.
A value real estate investor will book profit.
Warren Buffett believed some of the stocks are highly overpriced, a crash will soon occur and he is safe having cash and earning 5% till the madness is over 💯 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:48am On Aug 29 |
Agbalowomeri:
But na dem dey preach come rain come shine, don't sell as long as the company's fundamentals are intact ![grin](https://www.nairaland.com/faces/grin.png) ![grin](https://www.nairaland.com/faces/grin.png) Every wise investor knows when to sell off anyways no matter how long they hold 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:10am On Aug 29 |
Capitas7:
Fair one! But I don't think someone who bought shares at $25 a few decades ago and still holds when valued at $600k would see 5% as satisfactory annual yield. With many 50-200 baggers, 5% won't be motivation to pile cash up. Moreover, many of the stocks that are giving us latecomers 1-4% dividends are probably returning 50% dividends on cost price for him. But that said, the rates on high yield savings or CD's are quite negotiable when your principal falls in certain brackets. Well there's a way the extremely wealthy reason different from others... The safety of your capital FIRST |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:01am On Aug 29 |
emmaodet:
I am not fighting you and i appreciate your efforts. I have veritas already with a 50% profit since early last month. We are only discussing here I understand bro |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:13am On Aug 29 |
emmanuelewumi:
The most successful investor and most consistent billionaire on the top 10 of Forbe list.
The old man needs to be studied I've decided to study his strategies diligently and make use of the ones that I can easily apply as not all his strategies I agree with sha... I'm still studying so non-conclusive yet... |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:07am On Aug 29 |
emmaodet:
That is a good ratio but then, the industry average P/E is 1.6x - 2.0x, so I doubt any more upward movement unless we are breaking the highest price to form a new high generally for the industry I'm not telling anyone to buy VERITAS oooooo I already told you to buy PRESTIGE yesterday at $0.51... PRESTIGE already gave almost 12% to all that entered at my call yesterday... It closed at 0.57 Exiting any of my recommendations is your choice to make... I can only dish out entry but not exit... We are here to help ourselves... No fight your helper if you don't want him to stop 5 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:55pm On Aug 28 |
emmaodet: I don't think this ucee mfb by UBA/United Capital is serious. Which customer will open account with them when they keep deducting money from deposit, transfer and withdrawal. Who does that in this age and time when even okay and Co will be giving you interest to deposit with them and not charge you for withdrawing or transfer. They are not ready for serious banking. They need to learn from VFD. MICROFINANCE BANK VFD won't charge you for withdrawals... A good part of your transfers are free.. They are always giving good interests on your deposits 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:09pm On Aug 28 |
debeey87: For people who own rental assets. Have you used alternative dispute resolution ADR at the courts (arbitration or Multidoor courts) that do not require the rigours of numerous adjournments in the regular court room to resolve issues with troublesome tenants and what role did the police play in it before the hearing at the courts. What country pls? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:07pm On Aug 28 |
Agbalowomeri:
Las Las all of us na trader😂 Levels dey the trading... Warren Buffett is in a class of his own |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:40pm On Aug 28 |
talk2me2:
If I see it @ N2:3k buy. Cornerstone that I called out here severally at 1.6+ not long ago and some persons will be thinking it's MH... If not for past experiences of the insurance coys. I have some in my watchlist radar that I would have been releasing sef but let's see how it goes to know if I will drop another one after the PRESTIGE I released today... People are now wanting to buy cornerstone above #2. Well na so investment be sha 5 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:35pm On Aug 28 |
emmanuelewumi:
He has a way of comparing the market capitalization with the GDP to determine if the market is undervalued, moderately priced or over valued I hope one day I will be able to learn it from him since he isn't far from me 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:08pm On Aug 28 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:28pm On Aug 28 |
emmanuelewumi:
I learnt it is now about $280 billion But this his selling is scary oooooo |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:59pm On Aug 28 |
Phraences:
Thanks. I am concerned about the duration. 5years is long o.
Will Nigeria be solvent in 5yrs time to pay with the way the economy is going. ![sad](https://www.nairaland.com/faces/sad.png) YES... 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:08pm On Aug 28 |
Sunrisepebble: The listing price will be determined by the last trading price on NASD. Using todays closing price of 6,200, NGX open price will be 310 The problem with all these is it takes time before they have price correction after NSE listing... Tpower, vfd etc are examples... 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 6:06pm On Aug 28 |
emmanuelewumi: Na Wa oooo, sitting on $189 billion cash I desire to build wealth with a lil pick from that mans philosophy in finance 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:23pm On Aug 28 |
MARKETJJC:
OGG, when it comes to using telescope to sight stock, HE is G.O.A.T. I give it to him but the problem is that average Nigerian is in a hurry and can't wait. Me too, I will not wait and then tie my little rolling capital down. To me, what I have is not capital but currency , so it must also be on the move until I reach Agba, and PA Emma level ![grin](https://www.nairaland.com/faces/grin.png) Learn to invest not just jump and pass As you are gathering ensure to put something into a sure plug because this market is not always like this 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:22pm On Aug 28 |
MARKETJJC:
But with my local eyes; OS: almost the same PE: equivalent or close Dividend : Prestige is below half of VERITAs EPS: prestige is also below half of VERITAs. So it is normal for prestige price to be below half of VERITAs price .
VERITAs is 1.4 I think, half is 0.7, below half is 0.6+ ![grin](https://www.nairaland.com/faces/grin.png) We are watching closely |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:21pm On Aug 28 |
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:21pm On Aug 28 |
Sunrisepebble: The bids will not be filled till listing on NGX mid September. Very solid company operating across all the value chain in the Oil & Gas industry, its a sure banker even at this high price. When it comes to NGX and the stock becomes cheaper and more affordable (20 times dilution) I see it returning 50%+ over a 12 month period, where the market will price it near Seplat in terms of Market Cap, at the moment that's a 60%upside. Now imagine over a 5 year period when gas production increases, they start producing PMS from their refinery and they acquire Shell Petroleum Development Company. Not to forget they paid N200 per share dividend and EPS was N247. Let him who hath hears, let him hear. Everyone should do their own research sha I'm patiently waiting for Aradel in NGX 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:10pm On Aug 28 |
Compare VERITAS and PRESTIGE...
The chances of PRESTIGE getting to meet up with VERITAS is high...
Over to Mr Time
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