Agbalowomeri:


Na dangote index dey crash no be nse
Small time dey go calculate paper networth
Richest should actually be calculate in terms of cashflow, not all these bubble valuations

That Dangote GAP Down is worrisome and further confirms a trend reversal . .

fxuser:


Magu shud face his work and leave banks alone ! the people dat ruined Skye bank are still walking freely .

But any idea about the banks he is talking about? Maka na nkwucha aburo ujo.( Because to be vigilant, is not fear)

Chibuking81:

But any idea about the banks he is talking about? Maka na nkwucha aburo ujo.

no idea . .

Agbalowomeri:


Na dangote index dey crash no be nse
Small time dey go calculate paper networth
Richest should actually be calculate in terms of cashflow, not all these bubble valuations

Dropped down of ASI, is an indication that all is not well. For instance, when Brent and WTI crude oil price started dropping, before you will know it, other will be affected too, and when you check after some days, you will find out reasons behind their fall.

Chibuking81:

Dropped down of ASI, is an indication that all is not well. For instance, when Brent and WTI crude oil price started dropping, before you will know it, other will be affected too, and when you check after some days, you will find out reasons behind their fall.

Abeg stop this bear huntng.
I bought zenth yesterday.
I dont need it to go below again.


I need just small bull to sell off the entire portfolio this June and follow you completely for back.

locodemy:


Abeg stop this bear huntng.
I bought zenth yesterday.
I dont need it to go below again.


I need just small bull to sell off the entire portfolio this June and follow you completely for back.

OK ooooo
But am not hunting, but for real.

Loco, you would have follow sell in May philosophy. We just enter June and you buy back in June. What if you see Zenith bank price at #23 soon and #18 later? Maybe you will average down, all join.
Some friends reported how fight broke out among GTB bank directors and CEO, if GTB price goes down to #28, it will affect Zenith bank.

onegentleguy:
Seems the news of some in-house fighting between 2 executive directors of GTB and the CEO Segun Agbaje may not be unconnected to the last minute fall we saw in the price of GTB today.
A friend just informed me that 2 directors of the bank (head of corporate services & corporate banking) have resigned following from some irreconcilable differences with the CEO.
In the interim, I do not think this can have any negative impact on the banks operating model/performance. ...'cause as far as I am concerned, GTB remains the strongest coperate banking brand in the country.
However it could be that some insiders in the know may have already begun to react negatively to the news.
...investors almost always tend to overreact to market related trends.

We continue to observe.

#unconfirmed

Just watching.

onegentleguy:


Same line of thought I have my dear.
Unfortunately u replied to an incomplete post (perhaps I was still typing when u quoted it).
Kindly read thru the later part of the post above.

Cheers.

how can you still be typing and Aremso "snatched" the post from you and replied.

Simple, you mistakenly sent the post and the man replied you.

fxuser:


a lil drama started started since the deputy left, post left unfilled
post was created out of some drama also lol, another long story
anyways , Oga had someone in mind for the post , lets just say aunty gav d gov's pple a different recommendation
d man is only responding to ensure his own type of people led d future. let d young , unemotional , smart & not d necessarily d oldest
dat man is only loyal to the bank's P&L lolx , no send anyone

u heard about d other side of the stanbic one off shares sale? let just say d shares were held by gt as collateral for a long time
u can make up wat happened from there ..

Make the drama continue ooo...


So long as it will benefit those waiting.

aremso:




humble apology for over sabi, beg ur pardon pls

Apology for replying a post that you saw that had been sent?

Mcy56:

Think its good to know/realise one's mistake, feel bad about it, apologize where necessary and learn from it.

Who made mistake? I had to re-read the discourse over again.

Aremso didn't make any mistake to reply a post he saw. If the poster mistakenly sent the post and layer went to modify it, anyone can reply to the post seen on the thread.

How would someone know that a post is being modified?

No mistake from Aremso in my opinion.

rationalmind:


Don't know which is more difficult to understand between this and your TA snippets

Are you by any chance a medical doctor in your 8-5?

RabbiDoracle:


Apology for replying a post that you saw that had been sent?

Tor I no want talk o as I no be computer literate. Some people fit get codes to reply on texts not yet posted

awesomeJ:
For bosses in the house doing US equities, I learnt WHT is charged at 30%(at least for foreigners). Has that been your experience so far?

Given that dividend yields are mostly sub 3%, does 2.1% investment returns make it worthwhile enough?

Are you sure it is witholding tax? Isn't it Capital Gain Tax?

The CGT is taxed at the same rate as income taxes and it gets higher if you stay shorter in the market compared to those who stay longer like Warren Buffett.

Chibuking81:
http://saharareporters.com/2018/06/02/some-nigerian-banks-verge-collapse-—efcc-boss-magu

He didn't mention the bank, please which banks were at verge of collapsing. Yaradua government introduce acquisition policy, Intercontinental bank, oceanic bank and host of others, was affected, CEO sacked and their banks were acquired. While some banks like "bank of the north" was political rescue.

Instead of allowing banks to fold, sacking of bad CEO and acquisition should be more better.
Before I forget, did anyone here have knowledge of the banks he was talking about?

The only one that didn't release results could be the most likely.

Also it is possible that the one that had negative results may be in ICU. 2018 will tell us more about the state of that bank.

This shows that CBN is not telling us everything.

fxuser:


That Dangote GAP Down is worrisome and further confirms a trend reversal . .

I just hope that it will not trigger a domino tumble on others.

Hoping for more lows. At least one can get more.

The fall seems to be localized to just the big caps.

Chibuking81:

But any idea about the banks he is talking about? Maka na nkwucha aburo ujo.

The oga no be Ibo na.

Na Yoruba gentleman.

Chibuking81:

Dropped down of ASI, is an indication that all is not well. For instance, when Brent and WTI crude oil price started dropping, before you will know it, other will be affected too, and when you check after some days, you will find out reasons behind their fall.

Saudi and Russia want to increase oil output. This will add more to the supply.

Agbalowomeri:


Tor I no want talk o as I no be computer literate. Some people fit get codes to reply on texts not yet posted

If you mistakenly send a post and then click "modify" , that post is there for all to see even while modification is ongoing by the poster.

So there is no crime replying to such a post.

RabbiDoracle:


The oga no be Ibo na.

Na Yoruba gentleman.

Ok, please help me translate it in Yoruba language for him. Both are Nigeria language.

RabbiDoracle:


Are you sure it is witholding tax? Isn't it Capital Gain Tax?

The CGT is taxed at the same rate as income taxes and it gets higher if you stay shorter in the market compared to those who stay longer like Warren Buffett.

Write up says 30% tax on income is withheld by the broker, and no capital gains tax is charged on foreigners' portfolio.

https://www.fool.com/knowledge-center/can-a-non-us-citizen-trade-us-stocks.aspx

awesomeJ:


Write up says 30% tax on income is withheld by the broker, and no capital gains tax is charged on foreigners' portfolio.

https://www.fool.com/knowledge-center/can-a-non-us-citizen-trade-us-stocks.aspx

Witheld by the broker? Then that is the CGT which is an income for the investor na.

RabbiDoracle:


Witheld by the broker? Then that is the CGT which is an income for the investor na.

I hope they'd be willing to bear 30% of capital losses too.

Is it safe to buy First Bank now, since the stock has recovered and may go higher so i can atleast make little profit. My fingers have been burnt, over 100k lost and it seems like more to follow.

Breadfruit:
Is it safe to buy First Bank now, since the stock has recovered and may go higher so i can atleast make little profit. My fingers have been burnt, over 100k lost and it seems like more to follow.

how you take know the bolded. when you see pple running, abeg follow run before asking question.

the only condition that will make someone to encourage you to buy now is because he is in the mkt as well. if person like my friend LOCO is not in the mkt he will talk against the mkt more than anyone out there.

currentprice:
the only condition that will make someone to encourage you to buy now is because he is in the mkt as well. if person like my friend LOCO is not in the mkt he will talk against the mkt more than anyone out there.

Chai.

Are you calling Loco a monkey hunter? Abi na ape hunter self. Is he one of those "one wines"?

#RunsAway......

Chibuking81:
Loco, you would have follow sell in May philosophy. We just enter June and you buy back in June. What if you see Zenith bank price at #23 soon and #18 later? Maybe you will average down, all join.
Some friends reported how fight broke out among GTB bank directors and CEO, if GTB price goes down to #28, it will affect Zenith bank.

Why are you so confident giving incorrect data out? How many Months of May in the last 20 yrs actually ended negative? Oga the data is free and it's online. You don't even have to go to NSE office to confirm stuff like this.

This whole "I'm prophetic" stuff is getting ludicrous. Go and look at how other Frontier markets charts are doing and see how not so special we actually are.

Full disclosure: I didn't buy anything in May.

Compliance with Corporate Governance Code Very Low in Nigeria—SEC
https://www.businesspost.ng/2018/06/01/compliance-with-corporate-governance-code-very-low-in-nigeria-sec/

Parisfran:


Why are you so confident giving incorrect data out? How many Months of May in the last 20 yrs actually ended negative? Oga the data is free and it's online. You don't even have to go to NSE office to confirm stuff like this.

This whole "I'm prophetic" stuff is getting ludicrous. Go and look at how other Frontier markets charts are doing and see how not so special we actually are.

Full disclosure: I didn't buy anything in May.

Chai I get headache
Please una help stop big grammar, my head wan burst biko

Agbalowomeri:


Chai I get headache
Please una help stop big grammar, my head wan burst biko

Sorry Sir

Nairaland needs an eye roll button.