Mankind2024:
The Breweries present a falling knife phenomenon.
What does it mean to ‘catch a falling knife’ in trading?

There’s a saying on the trading floor in Chicago and I’m sure it was on other trading floors: “Don’t add to a loser”. That was always considered completely taboo.

You’ll also hear it called: “Catching a falling knife” in some circles. I know people who are constantly averaging down to better prices in stocks and commodities.

Some commodities are down 44% on the year and continue to fall and some people are saying: well, ‘X’ commodity is constantly in deficit, so I’ll average down to a better price.” They’re catching a falling knife and if you can visualize that, it’s not a good thing to do.

Not many people know this, but when a stock or an asset or a commodity makes a low, it’s more likely to make another low, statistically, than for it to stop at that point and turn around.

Ginalex:
I noticed same last week... Make the thing wey dey cook inside quick push the price biko

chillykelly86:


You know they have been battling through some heavy non-performing loans in the recent past. Could it be that CBN thinks they need to retain more of their earnings due to the impact of that on their financial health?

Omo, this work wey I give myself today. Be like e no go easy oo.

Frangel:


It's ok. What they are describing is bankers confirmation of signature (issued by your banker). This is usually requested by Registrars to confirm you and your signature.

Stockbroking firms don't require that to open account for their clients. What they require is a sample/specimen of your signature and you can submit that by snapping and uploading. Your government-issued ID surfices to identify you. Unless there's a change of processes in the last few weeks.

Streetinvestor2:
They have a reason for asking. You said you are moving account from somewhere. And requirements for anything do change. If it is signature specimen they want which you get from your bank.it should not be big deal.It comes with your picture and signature certified by the bank.It means they want to confirm the identity of who they are dealing with in reference to other documents submitted or documents from the other house you are coming from.
And if I may ask why is signature specimen a big deal if the account is important to u.And identification mode has nothing to do with individual or joint account

SonofElElyonRet:


Last momth I filled at least 4 e dividend mandare forms and sent by email to registrars without bankers confirmation and they were treated. In this day and age of bvn and nin I don't think any registrar still requires bankers signature confirmation

Mfunkynation:

Can someone buy RI on NGX during trading hours?

Streetinvestor2:
Pls who is the issuing house for IB rights. Thr is game that MorganCapital is trying to play me.i want to be sure before I let it out here.And if I confirm it to be what I think then Morgan is not credible

Omooloriredade:


Yes, you can if there are sellers. Last time I checked on the OTC there were bids at 0.34 but no sellers. Pretty sure there are investors who won't be taking up their rights but who won't bother selling either. This is either because there's not much money to be made from selling them or because they don't know how to go about it.

Please note that you are buying the RIGHT to acquire the shares of the company. You'd still need to pay for those shares at the price indicated on their prospectus.

sky2891:
Please how true is this?

SonofElElyonRet:


Last momth I filled at least 4 e dividend mandare forms and sent by email to registrars without bankers confirmation and they were treated. In this day and age of bvn and nin I don't think any registrar still requires bankers signature confirmation

sky2891:
Please how true is this?

fabulousmann:

They do, just recently I was asked to provide one and he/she has to go to their bank for it.

sky2891:
Please how true is this?

EDUECO:

You have absolutely done the right thing .

If FBNH cannot pay a dividend of N2.00 from an EPS(earning per share) of N8.59;then probably the management presented a fraudulent financial result.

SonofElElyonRet:


Don't know the ones you are talking about .. I dealt with unity, pace and apel capital registrars and they didn't request

KarlTom:
Ding!

Princkez:
If FBNH had paid #2+ dividend with this q1 eps of #5+...the stock could have been on serious bid..

Raider76:


You were 6 seconds late today.

Princkez:
DANGSUGAR on full bid.....

KarlTom:
Ding!

Princkez:
TRANSCORP also on full bid...

BabsO2:


Abi the dividend don land. I read AGM was done yesterday.