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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11376825 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:23pm On Aug 16 |
emmanuelewumi: WOW... It really depends on their vocation/profession |
Re: Nigerian Stock Exchange Market Pick Alerts by Picky1: 9:23pm On Aug 16 |
MARKETJJC: Remember the weekend is involved as today is 16th.....the 19th of August is Monday! Anyways let's see how it goes and do inform the forum for next time ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:25pm On Aug 16 |
megawealth01: Haba. Na prime location. Na hot cake. My grandma house at Palmgrove was sold in less than 2 weeks Convert the property to hostel. A room self con will give you about 600k to 700k. If you have 15 units, that is about N10 million. Average rental yield is 5% and the rent can be increased over the years 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:26pm On Aug 16 |
emmanuelewumi: Thanks. I have considered finishing in phases and that's what I will most likely do. But do you realize that aspects such as landscaping, fence and gate house, water and electricity connections are common to all phases and have to all be done before you can complete the first phase? By the time you do those completing the other phases becomes easy. |
Re: Nigerian Stock Exchange Market Pick Alerts by Picky1: 9:30pm On Aug 16 |
MARKETJJC: Absolutely unnecessary.....especially considering the difference in age you have just been informed!!! ![]() 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:52pm On Aug 16 |
emmanuelewumi: Thanks Egbon My younger brother (Barrister) actually is the one managing it for me. He told me he will be remitting 16m yearly to me. He is already converting a section for hostels then part of it for businesses. He has really been helpful over the years on most of my properties although all my properties ain't under his watch. I made sure it's not managed by a single firm/individual 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 10:22pm On Aug 16 |
megawealth01: Then the total cost will be more than N150 million when you consider the expenses or renovation and conversion of the property |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:45pm On Aug 16 |
emmanuelewumi: That's true |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:32pm On Aug 16 |
Shout out to @mikeapollo @thebargainhunte@ BabsO2, etc for this engaging Discussion Treat..๐. and later on @megawealth. Special shout out again to. @mikeapollo ๐๐๐โ๏ธfor such engaging and sustained critical discussion and permutation with facts, figures and of course possible skewed sentiments in predicting future directions of the company without compromising on emotions and insults despite being strongly attached to the particular stock from yrs ago than most people. I learnt a lot from you n of course @Emmanuelewumi from the peaceful discuss.๐๐ 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:39pm On Aug 16 |
There is nothing that beats criticism, even if biased, provided the contents are factual or highly possible with substance no matter how painful it may seem. Even if it were to be outrightly dismissed, it makes it even easier to absorb a shock, if things turn south, rather than taken unaware. |
Re: Nigerian Stock Exchange Market Pick Alerts by Owoblowblow: 2:25am On Aug 17 |
Oga, I'm one of your fans oo but it seems you were not patience with OandO when you exited. I love you analysis and when you share positive outlook of NGX Mankind2024: |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 3:45am On Aug 17 |
Owoblowblow: It's all about making money. You can take sell when you are satisfied with your gains. It's not a loss. Choiceguy take note as well re Eternal. My opinion re Oando and not wanting to pay the dreaded school fees ![]() STOP here if you're an INCOME investor with long term views. If you have an aggressive growth portion of your portfolio, you may continue. It applies to trading in all markets actually - learn to take profits and free-carry your position. For example, you invested N5m in Oando at N10. Oando got to N49, you could have sold off N5m worth at N20, N30 or in the N40s. That way you have preserved your original capital leaving your profits to run. If Oando fails to reach the lofty heights you thought it would reach, you stand to lose nothing because you are free carried. If you're lucky you could even sell off N10m worth at N40 so you have original capital and profits from the trade. Your profits are diverted to stocks with low risk, income generating stocks or investments. Anything that happens after that has little effect on your portfolio. Oando is high risk, high reward as we have seen already. It's likely to outperform the market if the turnaround is confirmed. Tread with caution. It's perfectly normal for someone who has had their fingers burnt in the past to be terrified by a candle. It doesn't mean stocks that have failed in the past can't transform other people's portfolios. You just have to apply learnings from the past for future trades. For me, I'm constantly reviewing what went wrong? What could have been done better? Then I apply. If it works, all good. I'll do a review again. If it doesn't, I'll review my actions. Pretty much like AI. Refining and fine tuning your strategy until you have mastered it. My sister has a portfolio with FBNH as the major stock. She bought it during the N30 public offer some years back. Imagine, FBN offered shares at N30 years back. Understandably, she has an emotional attachment to it because of that. I decided to help her. The only rule is, I can't touch that FBN. The portfolio is looking so much different now (multiples of where we started from) despite the fact many withdrawals have been made. Life changing for her. FBN is not even up to 10% of the portfolio any longer. After all is said and done, we will all be alright. Goodluck to everyone. Disclaimer - You're more likely to win some but lose more if you don't get your strategy right. Consult your financial adviser for your investment decisions. 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 4:12am On Aug 17 |
Another point I'd like to make is that there is so much diversity in the market. If you went to Oshodi market today, it's not possible that everyone in the market will have the same mindset, strategy, goals, product to buy or sell etc. There is no one-size fits all strategy in the market. You need to consider demographics, individual goals, environment etc. An elderly person approaching retirement will be more risk averse than someone just starting off his career. A high networth individual will be more concerned about capital preservation and stable income than a low income individual seeking a big break. A trader will be more active in the market than an investor. Portfolio or position sizing will determine stocks that an individual can trade. It doesn't matter if a stock will double in two months, it's just too illiquid for some to trade. They won't go there. Some people just need to buy once or twice in a year and sell once or twice the following year. It may appear they are "missing out" when they are not following your own strategy but investing N200m in one or two highly liquid stock at the right season (after corporate actions or usual yearly lows) and selling at just 50% gain the next year is N100m without any dramas. Believe it or not, some are not even after growth as such again. They are contented with their portfolio size and just want a regular dividend income to meet their needs. When you understand this, you would respect people's decisions with their portfolios. 16 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 5:09am On Aug 17 |
Apologies for the back to back posts. ![]() ![]() The stock market throws up some rare opportunities every now and then. It's not regular. Totally random. If you are lucky to identify and key into them, they transform your life. It's like a lottery. I have a story with Nascon. When Dangote was going to buy into Nascon, I stumbled on that information and bought some. Nascon was selling for some ridiculous amount back then may be something like 20k or even less. Same price as Afroil (if you know this one you don see life...haha). I no be old man o ![]() Just relying on hope ( not a reliable strategy) I loaded up Nascon with all the money I could gather. After Dangote bought Nascon, something I had never witnessed happened. Nascon entire shares were RELISTED on the NSE at a ridiculously high price. I don't remember exact figures any longer. Maybe something like N8. I remember waking up to see my portfolio was in millions. I nearly went crazy that day. Please don't assume I'm suggesting you buy stocks like Afroil with the hope you wake up one day and it has multi-bagged. Afroil gave me the ticket to the millionaires club back then. I was a reckless boy. SMH. Wapco also did something similar when it fell from c N80 to N15 some years back. Julius Berger another recent example. These days, what I like to do is to follow the stories of companies to see where there could be such opportunities. I have different portfolio strategies so please be guided. They may deliver much more than the average returns. There are largely four categories: 1. Companies with good history but going through a rough patch and now showing green shoots. (NGX) - Oando ![]() ![]() ![]() 2. Companies just starting up but in a very rewarding sector. (NGX) - Ellah Lakes (New owners) 3. Companies in the resources sector at their exploratory phase and looking to make a discovery. This one na 50-50 but there is a way you trade them - buy early and free-carry before drilling starts. There is usually a SP run just before the drilling campaign starts( Not really on the NGX). 4. Tech/Biotech/Healthcare companies on to the next big thing or working on a novel idea. Very risky this one. Again, learn to free carry before results. (Not NGX). Disclaimer - My personal stratety will most likely not work for you so please do you own DD and follow advice provided by your financial adviser. 18 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:15am On Aug 17 |
emmanuelewumi: I agree but needs to shake out weak hands before any upward reversal. My value zone is sub N32โฆ ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 5:34am On Aug 17 |
Lol Financial planning is analogous to navigation. Knowing your current position and desired destination makes navigation relatively straightforward. However, when either or both of these points are unclear, navigation becomes increasingly challenging. Be fearful when others are greedy; the short-term outlook for OANDO demands caution from experienced investors. I'm a tortoise investor ๐ข, and this approach has grown my local portfolio from N5,000 to over N180 million, excluding dividends, which I often reinvest in Treasury Bills. Many of you may not be aware that OANDO is listed on both the NGX and JSE. Despite the euphoric gains in NGX, OANDO is being sold off in JSE, where one unit in NGX can be exchanged for 2.5 units in JSE. Note that the same OANDO being propped up by brokers in Nigeria is being dumped in JSE. I was happy to have sold OANDO at the right time. When transparency is restored and the navigational outlook is clear, I wouldn't mind buying it at N500 per unit. I purchased SEPLAT at N550 and still hold it in my portfolio. Comparing the local share price of SEPLAT in Nigeria and LSE reveals linear trends, unlike OANDO. I would be the last to regret exiting OANDO. Finally, thanks for being a fan. Owoblowblow: 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:10am On Aug 17 |
@Omooloriredade you are loaded with too much secrets o and you say you no be old man๐ |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 8:31am On Aug 17 |
Agbalowomeri: I am a young man please. Still learning. ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:39am On Aug 17 |
Coolcash1: We plenty oooooo... I'm equally waiting to do top up at 30 or sub |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:50am On Aug 17 |
megawealth01:But there is a new player in the cemet industry (Mangal) and dangcement is increasing its capacity. That industry go hard small 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:52am On Aug 17 |
Owoblowblow: One lesson you should learn in this market is REGRET nothing... The stock market is more of learning how to control your emotions... As for losses you will make some initially but don't give up... Get up and keep going... Give yourself to applicable KNOWLEDGE of the books You are the CAPTAIN of your portfolio... 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:53am On Aug 17 |
Mpeace: We are watching |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:29am On Aug 17 |
megawealth01: I took profit somewhere and loaded WAPCO at N37.x this week. I took the decision to buy at whatever price just to get some units and see how it goes over the next twelve months. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 9:29am On Aug 17 |
If you had watched one of the recent video clips of Alhaji Dangote, you would have picked up on a point where he emphasized his readiness to export cement. He has already built an export terminal in Lagos for this purpose. He also hinted to Nigerians that the export price of cement might be lower than domestic prices. This point underscores the reason Emperor Femi Otedola cited for investing billions of Naira in acquiring shares of Dangote Cement. Mpeace: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:37am On Aug 17 |
Mankind2024: Interesting. Why will export price be lower than domestic price for Dangote Cement.? Perhaps due to further economics of scale by producing more units with the same fixed overheads. Perhaps not. Perhaps ripping off of the local market. Perhaps a mix of both. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 9:46am On Aug 17 |
Omooloriredade: Good morning, bnsitl. Please read, re-read and be guided. |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:48am On Aug 17 |
I bet this will go up after release of results. https://doclib.ngxgroup.com/Financial_NewsDocs/42037_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_NOTICE_OF_DELAY_IN_PUBLISHING_2024_AUDITED_HY_FS_CORPORATE_ACTIONS_AUGUST_2024.pdf NOTICE OF DELAY IN PUBLISHING 2024 AUDITED HALF YEAR FINANCIAL STATEMENTS The Audited Financial Statements will be published upon receipt of the CBNโs approval. Accordingly, no Director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the Bank and their connected persons may directly or indirectly deal in the Securities (Shares and Bonds) of the Bank during the Closed Period |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:10am On Aug 17 |
BabsO2: WOW... I always have my entries for dividend paying stocks that are on my radar... I bought most of my wapco at sub 17 Then started toppingup at sub 30 and that's where I hope it gets to before making bullish trend... I'm really a very patient INVESTOR although I don't joke with gambling certain stocks for quick bucks that I use for real investments... (I just shared a deep secret free for those that can decode)... The only lesson I learnt in this market was UCAP, till now I don't have a unit of it but I used to have millions of it that I bought around #2 but sold off at just 50% ROI which I divided to invest in TRANSCORP and their hotel in 2020/2021... The transcorp family really thought me PATIENCE but paying off very handsomely (still PAPER PROFITS) oooooo... I'm still holding them till date Na that their POWER I never buy because it hasn't gotten to my entry watch/radar We are watching... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 10:13am On Aug 17 |
emmanuelewumi: This simple utterance was from above. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:18am On Aug 17 |
BabsO2: You didn't listen to the video he was referring to. Try listening to it at 1.5x speed (eh get why). Dangote said it will be cheaper because of global competition. My reasoning is that in Nigeria, due to limited players, companies can set prices more easily. However, in the global market, you have to compete with other companies. Also, from the video, my deduction is that DS may not even merge this year, as some of the rice mills will be completed later this year according to him. I don't see how a merger can happen without DR starting to make revenue(same as before). |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 10:25am On Aug 17 |
Lol. Alhaji cited the airline /Aviation sector, and the telecommunication industries as his case study. He referenced Samsung handset price in Korea and Nigeria. "A brand of Samsung ๐ฑhandset is cheaper in Nigeria than in Korea" "TO INCREASE COMPETITION AT INTERNATIONAL MARKET " BabsO2: 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:27am On Aug 17 |
ositadima1: What's your take... Do you see DS go down more say like sub 30? If "YES" What are the factors that can cause that? NOTE; I'm heavily in both DS and NS... I'm always looking for opportunities to load more at bargain prices 1 Like |
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