Godisfaithful:
All this too shall pass. Don't let the temporary challenges of life take away your biggest goal or idea. Your are not far from getting to your destination. Remember, there's always a rainbow after the rain. Invest in your biggest idea and this will pave way for you as you travel through the journey of life. Have a blessed weekend!

rychard:
I borrowed some bank shares from my broker last year sold them off@ 9N , well, I'll buy 'em shares @ 3.66 on Monday and return to my btoker, along with their admin fee...

It's all risk biz. And I just became profitable..
The market is yet to bottom out, so no rush, ASI needs to hit the 20k or market cap. drop between N5 - N6tr. That's the time to go in.

Godisfaithful:
All this too shall pass. Don't let the temporary challenges of life take away your biggest goal or idea. Your are not far from getting to your destination. Remember, there's always a rainbow after the rain. Invest in your biggest idea and this will pave way for you as you travel through the journey of life. Have a blessed weekend!

soloniger:
my question is who is buying now?

Born2berich:
After reading the last 3 pages, the overall summary is that the stock market is going to crash really badly....Na to go look for another thing be that.

Godisfaithful:
All this too shall pass. Don't let the temporary challenges of life take away your biggest goal or idea. Your are not far from getting to your destination. Remember, there's always a rainbow after the rain. Invest in your biggest idea and this will pave way for you as you travel through the journey of life. Have a blessed weekend!

bigass:


Godisfaithful: How much have you lost

Bigass : 90% of my portfolio

Godisfaithful: Not to worry, its just a temporary set back.




Chai there's god oo

Godisfaithful:



Madam Big, am sorry to hear that. My portfolio is very affected by the bear but i have nothing to worry about because it is part of the journey. That is why it is called stock market

UkwuAmu:

Local institutional investors are buying because some stock valuations are super attractive . However , they must be ready to hold for a long period as they are buying from foreign institutional investors who are not tired of selling as they just want out . Implication is we won't see high prices soon until they (foreign investors ) decide to come back . However if you are fine with the dividends by all means go ahead and do as you please. The only problem is at the end of next year when local institutional investors fund managers are supposed to report they gains for the year, we might witness them selling off . Its like when brokers decide to flood the market with stocks , you are on your own . for those who want to own the companies like their own, I will say start buying in tranches.if you are there for JIJO , sorry the market is not for you

manie:
Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

manie:
Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

zendi:
Manie, do you know if Skye Bank has been able to raise the N30b they're looking for?
They will need to create 30b or more new shares to raise that money in present market condition, and where will that leave the present shareholders?
That is the main reason skye is sinking towards unitybank in the car park area, on top of the general down market

Godisfaithful:
All this too shall pass. Don't let the temporary challenges of life take away your biggest goal or idea. Your are not far from getting to your destination. Remember, there's always a rainbow after the rain. Invest in your biggest idea and this will pave way for you as you travel through the journey of life. Have a blessed weekend!

Toyrem:
Wao, Devil that sound like ANGEL.

zendi:
Manie, do you know if Skye Bank has been able to raise the N30b they're looking for?
They will need to create 30b or more new shares to raise that money in present market condition, and where will that leave the present shareholders?
That is the main reason skye is sinking towards unitybank in the car park area, on top of the general down market

Tritri:
@Manie

At what price do u think is right to jump in for zennith and GTB?

Coolcash1:
With the current wave of 'tsunami' hitting the stock market, this trend is expected to continue for a while but not through out the year. As a result, investors need to thread carefully and home in on stocks with strong and quality fundamentals. If i am to advice, as some people have been asking me, my stock pick would be;

Okomu oil
Presco,
Wapco,
Dangote Cem
CCNN
FBNH
GTB
Zenith
Nestle

For long term investment >1year, best penny stocks include;
Transcorp
Tigerbrand
Oando
Eterna
Diamond bank

Intendy:

is fbnh not a penny stock?

Chibuking81:
With 5 million, you can buy 10 million units share of Transcorp at 50 kobo, then sell it 50 million naira at 5 naira only. Am patiently waiting for many share at 50 kobo Junction.

Mfunkynation:

sir , am yet to see the response to the mail i sent ya.....

Coolcash1:
With the current wave of 'tsunami' hitting the stock market, this trend is expected to continue for a while but not through out the year. As a result, investors need to thread carefully and home in on stocks with strong and quality fundamentals. If i am to advice, as some people have been asking me, my stock pick would be;

Okomu oil
Presco,
Wapco,
Dangote Cem
CCNN
FBNH
GTB
Zenith
Nestle

For long term investment >1year, best penny stocks include;
Transcorp
Tigerbrand
Oando
Eterna
Diamond bank

angelo82:


Wrong,they have suspended their capital raising until market condition improves.

zendi:
Which leaves them cash strapped.
So dont base any decision on the eps you're seeing, because they will need every kobo in their hand.