Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,198,459 members, 7,968,269 topics. Date: Sunday, 06 October 2024 at 10:41 PM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11643910 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
(1) (2) (3) ... (872) (873) (874) (875) (876) (877) (878) ... (8251) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 6:00pm On Jun 04, 2015 |
davide470: Some glorified majority holders are about to lose their Companies to some sharks. Great news 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 6:03pm On Jun 04, 2015 |
Pls does this mean that if I buy a share for 1 kobo and sell for 5 kobo . i just made 500% profit? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:03pm On Jun 04, 2015 |
davide470: That's the game changer and the best news in the history of NSE. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 6:06pm On Jun 04, 2015 |
Are you sure?................ PETERiCHY: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 6:15pm On Jun 04, 2015 |
PETERiCHY: I don't understand why this is good news. Does it mean all stocks will automatically be reconstructed to 50 for 1? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by taiwoliu(m): 6:16pm On Jun 04, 2015 |
davide470:Oga mi, I no understand ds a beg. Is it d price of a particular stock or what? If so wch 1? I'm a learner ooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 6:18pm On Jun 04, 2015 |
The car park has been adjusted - 0.01k. Immanuelo , you need to revise your target prices. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 6:18pm On Jun 04, 2015 |
taiwoliu:Bros! It means the nominal value of any share now is at 1 kobo as against 50 kobo. Japaul Oil, FTN Cocoa and most of the Insurance stocks can still go down from their 0.50 sickness! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by taiwoliu(m): 6:21pm On Jun 04, 2015 |
davide470:that means, whatever amount of unit stock I hold of a company, its now multiplied by 50? Pardon NY ignorance abeg |
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 6:22pm On Jun 04, 2015 |
megainvest: Before now, stocks are not allowed to trade below 0.50k. i.e a stock whose price is 0.50k can only go up ,but not down. Now ,the car park has been revised to .01k. Any company that does not perform might see its stock fall to .01k, which makes it an easy target for a hostile takeover. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by taiwoliu(m): 6:29pm On Jun 04, 2015 |
Kagame:oh! Tnx 4 d clarity. Cc davide470 |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 6:33pm On Jun 04, 2015 |
. |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 6:36pm On Jun 04, 2015 |
Kagame: If this is the case, it is very bad news! If there is no automatic reconstruction, it is a huge scam. This means people who bought stocks at 50k hoping it won't go below that are in for huge losses. It is similar to what Unity did. I have never been a fan of 50k stocks but I have a few (Japaul etc worth max about 20,000 NGN which I am willing to lose). I pity those who have millions in these stocks! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 6:49pm On Jun 04, 2015 |
megainvest: You don't understand . It is better to get 50k now than wait endlessly for 100k. For 5 years, my 250k tied up in Lasaco...Dia ris Godooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:09pm On Jun 04, 2015 |
Time to fling my IAA. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:13pm On Jun 04, 2015 |
mercylicious: Abeg who be IAA? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:15pm On Jun 04, 2015 |
It can't be good at all............This is another way to fleece investors and it could reduce the value of all the stocks listed on NSE because they might go lower they are suppose to go............Unity for sure is going down more by 70%.................. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:19pm On Jun 04, 2015 |
angelo82: Sir, stop living in a state of emotional exasperation (of stock market) lol...the reality might be far from your prediction and rushing to sell your stocks is not a good option in this case. Be greedy when others are fearful is the watchword lol |
Re: Nigerian Stock Exchange Market Pick Alerts by sophy17(m): 7:21pm On Jun 04, 2015 |
angelo82: Here we go again. The man who knows tomorrow. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:22pm On Jun 04, 2015 |
saibuhari: Sir, they want to take the ride back to between 8.6-9. That is the discussion at the top. And projecting a interim dividend of more than expectations might do the needful. In all, it is not certain yet but...its worth the risk! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:24pm On Jun 04, 2015 |
davide470: Sir, change is really here though lol. It is high time for Nigerian CEO companies to sit right and work their ass off before they loose all or be in win win situations with the shareholders. Japaul, FTNCOCOA, CHam on my mind lol 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:30pm On Jun 04, 2015 |
Breaking News: House of Reps Passes Petroleum Industry Bill(PIB) http://www.punchng.com/news/47-reps-pass-pib/ http://www.channelstv.com/2015/06/04/house-of-reps-passes-petroleum-industry-bill/ 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:30pm On Jun 04, 2015 |
You dont need to lecture me on how to make a smart move............The stock that I sold had made me some profit and I had to opt out at safe price a little higher than the price that I bought it........I knew those stocks will fall to some extent and I am done waiting for stock to fall until they will reach my own peak,so I took a safe route because I have reason taking a cue..........I may not know much,but there are few stocks here that I have been investing in since 2004 and I know a lot about their movements...............I know when to wait and I know when not to wait............The only stock I couldn't sell was Access because it will be at a 10% loss and I can't allow that so I will have to wait..............I didn't sell UBA because I bought lower than current price but if it shows further movement south,then I will jump and wait for a while.......I have always been in hurry to invest but now I have learnt how to be patient before buying any stock.........I may not know about Costain,Vitafoam and Vono but Access,Uba,Afriprud and FBNH I am very familiar with them..............The bear is good,I tell you but I reject to be a victim of bear but a beneficiary.............. myjoy08: |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:32pm On Jun 04, 2015 |
angelo82: Noted Sir. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:33pm On Jun 04, 2015 |
That was not a prediction..........Your sarcasm is unnecessary............. sophy17: |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 7:36pm On Jun 04, 2015 |
angelo82: Firstly Sir Angelo82, kindly quote first before posting comments. It makes your point clearer... Secondly, You don't seem to understand the concept of par value . It has nothing to do with prices of shares trading above 50 kobo like unity which is #2.60 You may wish to download and read the file attached to the original post. Cheers 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:41pm On Jun 04, 2015 |
Ok Doc,I will do just that...........I was reluctant to read the full details since Proshare stipulated in their article that they have no idea when it will start................... drtonyo: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 7:48pm On Jun 04, 2015 |
angelo82: Sir, Here is the full text of the statement for your viewing pleasure.... RULES AND REGULATIONS GOVERNING DEALING MEMBERS AMENDMENTS AND ADDITIONS (VII)1 ARTICLE 100A: PRICING METHODOLOGY - PAR VALUE RULE (1) Notwithstanding its par value, the price of every share listed on The Exchange shall be determined by the market, save that no share shall trade below a price floor of one Kobo per unit (N0.01). (2) “Par value” is the nominal value of a share as stated in the Memorandum of Association of an Issuer. (3) “Price floor” means the amount below which the price of one unit of a share shall not be permitted to trade, and the minimum amount which must be paid for a share in the event of a drop in the unit price of that share. |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:51pm On Jun 04, 2015 |
I just received the document in my mail from UBA capital....................I want you to tell me of what benefit will this stock be to you except if you are aiming at benefiting from the misfortune of others?............ drtonyo: |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 7:52pm On Jun 04, 2015 |
I think it will start tomorrow ( i stand to be corrected) 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 7:53pm On Jun 04, 2015 |
http://www.proshareng.com/news/27358/SEC-Approves-Par-Value-Rule-for-stocks-to-trade-as-low-as-1kobo-Proshare drtonyo: |
Re: Nigerian Stock Exchange Market Pick Alerts by drtonyo(m): 8:11pm On Jun 04, 2015 |
angelo82: Once again please quote first before writing your comments. As regards the bolded, Price floor affects all stocks not one stock in particular. I have lots of cash tied down in several stocks trading at 50kobo but I cannot sell. As the adage goes half bread is better than none Taking losses is a part of stock investment 2 Likes |
(1) (2) (3) ... (872) (873) (874) (875) (876) (877) (878) ... (8251) (Reply)
Viewing this topic: eziokwunwoko(m), mails4funshi(m) and 8 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 56 |