phemmie06:
When I bought international breweries I subscribed for 3500 units which was less than 3000 naira, 1500+ was allocated to me though I couldn't turn my returned money to cash. With #2000 hunter can still get IPO but it will be through the insurance companies but not Japaul because Japaul will jack the price

Lol @ Japaul will jack the price.
What's the minimum qty that should purchased and at what price then?

Buhari has till June 30 to Sign 2018 Budget to Prevent Govt Shutdown—Lawmaker
https://www.businesspost.ng/2018/06/12/buhari-has-till-june-30-to-sign-2018-budget-to-prevent-govt-shutdown-lawmaker/

locodemy:


Did the index loose yesterday?
Bull is dwelling in our midst.
Let this public holidays end first then we will see.

If it comes it will be good for me, but I'm just wondering what will be the driver for any bull right now.

There's often a trigger for a bull, like results, new developments, recovery, etc.

The 4 day bull we saw recently was recovery from 11 straight days bashing. It was expected. Stocks cannot continue to fall forever.

The crazy bull in January was return of FPI's following signs of stability after coming out of recession.

The next bull I'm expecting now is around Q2 results, which is still a bit far away.

For now, I foresee sideways trading for some time.

I wish my thoughts are wrong though, because I'm still substantially in the market.

musty00:


If it comes it will be good for me, but I'm just wondering what will be the driver for any bull right now.

There's often a trigger for a bull, like results, new developments, recovery, etc.

The 4 day bull we saw recently was recovery from 11 straight days bashing. It was expected. Stocks cannot continue to fall forever.

The crazy bull in January was return of FPI's following signs of stability after coming out of recession.

The next bull I'm expecting now is around Q2 results, which is still a bit far away.

For now, I foresee sideways trading for some time.

I wish my thoughts are wrong though, because I'm still substantially in the market.

Market is forward looking; expecting Q2 to be factored in before June ending

musty00:


If it comes it will be good for me, but I'm just wondering what will be the driver for any bull right now.

There's often a trigger for a bull, like results, new developments, recovery, etc.

The 4 day bull we saw recently was recovery from 11 straight days bashing. It was expected. Stocks cannot continue to fall forever.

The crazy bull in January was return of FPI's following signs of stability after coming out of recession.

The next bull I'm expecting now is around Q2 results, which is still a bit far away.

For now, I foresee sideways trading for some time.

I wish my thoughts are wrong though, because I'm still substantially in the market.

our system of market has changed.Bulls come before earning seasons.If not,dont expect any bull.

Agbalowomeri:


Market is forward looking; expecting Q2 to be factored in before June ending

on point bro.only few know this.

musty00:
For now, I foresee sideways trading for some time.
I wish my thoughts are wrong though, because I'm still substantially in the market.

Mufty, oh sorry musty, what's your previous/other moniker, you sounded more of 'old wine' here (like that newbie called you ogas)

locodemy:


our system of market has changed.Bulls come before earning seasons.If not,dont expect any bull.

we are expecting a continuation of last week's bull this week

Agbalowomeri:


Market is forward looking; expecting Q2 to be factored in before June ending

Yes, I know that. Most of the Q2 results will show July ending.

The bull may show around early July (as it did last year). The wise ones would have sold even before the results come out, depending on your strategy though. The same theory applies to FY results, by the time results are coming out prices are falling.

Mcy56:


Mufty, oh sorry musty, what's your previous/other moniker, you sounded more of 'old wine' here (like that newbie called you ogas)

This is my only moniker here o. I don't have time for such moves.

Used to peep in as guest.

musty00:
This is my only moniker here o. I don't have time for such moves.
Used to peep in as guest.

Oh really! You must be old in this NSE game then.

cornwall:

we are expecting a continuation of last week's bull this week

It will be good for me too if it continues. Just sharing my thoughts.

Mcy56:


Oh really! You must be old in this NSE game then.

you see, it takes old wine to know old wine

Mcy56:


Oh really! You must be old in this NSE game then.

2008 was the tutor!

cornwall:
you see, it takes old wine to know old wine

Lol. Me na newbie na It takes a newbie to know old wine.

musty00:
2008 was the tutor!

You see cornwall! I was right! Intuition well displayed here.

Mcy56:

You see cornwall! I was right! Intuition well displayed here.

Hmm Mercy I only wish you were not married yet

cornwall:
Hmm Mercy I only wish you were not married yet

Back to stock watch mode

Mcy56:

You see cornwall! I was right! Intuition well displayed here.

I'm still learning. If you don't share your thoughts you will not learn something new.

Mcy56:



Back to stock watch mode

lol back to transcorp watch mode

The market is up right now.

Dangote Cement and Guaranty are performing.

Mcy56:


Oga, you are talking about someone who is already in the system. On online platform, one can even buy 1unit of 20k share (in error anyway), I used to see lots of 1unit purchase on itrade but for a starter, I don't think it's possible. I stand to be corrected anyway.

Yes indeed, in error

I bought that thing in error and it remains in my portfolio till date as a reminder

Mpeace:
So what is dangflour planning that has got peter jumping. Make them let us know so we can get in before the pumping starts.

In addition their 180days trading average price is #13.87. So do the calculation.

musty00:


People were expecting crazy bull this week, and it has not come yet.

musty00:


If it comes it will be good for me, but I'm just wondering what will be the driver for any bull right now.

There's often a trigger for a bull, like results, new developments, recovery, etc.

The 4 day bull we saw recently was recovery from 11 straight days bashing. It was expected. Stocks cannot continue to fall forever.

The crazy bull in January was return of FPI's following signs of stability after coming out of recession.

The next bull I'm expecting now is around Q2 results, which is still a bit far away.

For now, I foresee sideways trading for some time.

I wish my thoughts are wrong though, because I'm still substantially in the market.

My dear so u still can't see that the market is already BULLISH !!
I think the problem is with the fact that most of us are holding up to the uncut and funny belief that the market must move at the pace it did in January before ever we can say or infer that there is truly a BULL in our mist.
This was how it started in December 2017. ...and while some were busy cherry picking from select good coys, others were either busy 'singing bear songs' or engulfed by the many extraneous noise. ...until the January pace-up came.
The market is riding up now (albeit gradually), the underlying fundamentals are very much healthy and yet some are seen it as a ride down or maybe a fake bull.

DIAMOND has gone from less N1.20 to N1.68
FIDELITY has gone from N1.75 to near N2.45
FCMB has gone from less N1.90 to near N2.50
OUR TRANSCORP has gone from N1.15 to over N1.51
ZENITH has gone from less N24 to N28
C&I LEASING has gone from N1.31 to over N1.70
DANGOTE SUGAR has gone from N16.70 to over N20
...to mention just a few.
Yet some are not seen any BULL or even a REVERSAL. ...some are waiting for ZENITH at N3. ...apparently they aren't keeping an eye/tag on the index.
They will keep waiting while a few others are already making money. ...and by the time they'll rush in (probably when they believe they've seen their so-called real/January bull), the wise/smart fellows will now sell to them. ...then they'll begin to lament of buying too high. ...and the circle continues !!

My Sincere advise is; do ur homework well and BUY once it's at a price that presents a good margin of safety from FAIR VALUE and is also in line with ur strategy and goal.
Stop waiting for a January bull. ...the market has different 'ceilings' (pinnacle and bottom) for which it can attain at different times/phases.
That's why the market is peculiarly dynamic in nature.
...and less I forget, I also think it will do some folks a lot of good to study the behaviour of the index and and how the various sectors particularly the NSE 30, BANKING, PENSION and PREMIUM align with/influence that behaviour.

...just a sincere piece of advice.

Regards.

onegentleguy:



My dear so u still can't see that the market is already BULLISH !!
I think the problem is with the fact that most of us are holding up to the uncut and funny belief that the market must move at the pace it did in January before ever we can say or infer that there is truly a BULL in our mist.
This was how it started in December 2017. ...and while some were busy cherry picking from select good coys, others were either busy 'singing bear songs' or engulfed by the many extraneous noise. ...until the January pace-up came.
The market is riding up now (albeit gradually), the underlying fundamentals are very much healthy and yet some are seen it as a ride down or maybe a fake bull.

DIAMOND has gone from less N1.20 to N1.68
FIDELITY has gone from N1.75 to near N2.45
FCMB has gone from less N1.90 to near N2.50
OUR TRANSCORP has gone from N1.15 to over N1.51
ZENITH has gone from less N24 to N28
C&I LEASING has gone from N1.31 to over N1.70
DANGOTE SUGAR has gone from N16.70 to over N20
...to mention just a few.
Yet some are not seen any BULL or even a REVERSAL. ...some are waiting for ZENITH at N3. ...apparently they aren't keeping an eye/tag on the index.
They will keep waiting while a few others are already making money. ...and by the time they'll rush in (probably when they believe they've seen their so-called real/January bull), the wise/smart fellows will now sell to them. ...then they'll begin to lament of buying too high. ...and the circle continues !!

My Sincere advise is; do ur homework well and BUY once it's at a price that presents a good margin of safety from FAIR VALUE and is also in line with ur strategy and goal.
Stop waiting for a January bull.
...and less I forget, I also think it will do some folks a lot of good to study the behaviour of the index and and how the various sectors particularly the NSE 30, BANKING, PENSION and PREMIUM align with/influence that behaviour.

...just a sincere piece of advice.

Regards.

The part in bold is very key to me. So I cannot buy any stocks right now.

That's why we all have different investment styles.

musty00:


The part in bold is very key to me. So I cannot buy any stocks right now.

That's why we all have different investment styles.

So u are not seeing any select few coys that are currently playing out that part in bold ?
Its alright. ...as long as ur playing out ur investment plan/style.

Cheers.

onegentleguy:


So u are not seeing any select few coys that are currently playing out that part in bold ?
Its alright. ...as long as ur playing out ur investment plan/style.

Cheers.

Right now, I don't see any stock that meets my margin of safety.

Mind you, margin of safety is a relative concept. If my margin of safety in a regular year is, say 10% less what I deem as fair value, in a pre-election year, I would want that margin of safety to be like 25% or more

If I see Zenith at 20 naira, I will start buying, I don't mind averaging down until election is over

musty00:


Right now, I don't see any stock that meets my margin of safety.

Mind you, margin of safety is a relative concept. If my margin of safety in a regular year is, say 10% less what I deem as fair value, in a pre-election year, I would want that margin of safety to be like 25% or more

If I see Zenith at 20 naira, I will start buying, I don't mind averaging down until election is over

Are u sure ur really aware of the part in bold ?
Because right this moment, there are some select coys that are even trading at a 50-120% margin of safety from their Fair Values !!
Some (particularly 2 sound coys) are even trading at a discount from their INTRINSIC VALUE (not even FV). ...with B. Grahams Net on Net Principle playing out so well in them. ...the kind of coys that can make a smart fellow some good money !!

So I ask again; are u sure u are really aware of the part in bold ?
I'll advise u open ur eyes real wide. ...otherwise u can keep trading ur plan.
No big deal... as long as u are sticking to ur own strategy.

I wish u well my dear !!
Regards.

onegentleguy:
Earlier today I had the privilege to discuss with a few top guns in the NSE and the CEOs of 2 leading brokerage firms.
It looks like we are going to be in for some much better experience in the NSE in a couple of weeks.

Begining from the 18th of June 2018, a few of these changes are expected which the likes of Morgancapital, Meristem, leadcapital, Stanbicibtcstockbrokers to mention but a few are expected to all implement.
I'll concentrate on Morgan 'cause for me, its currently the best i-trading platform.
1st there'll be a re-introduction of the Market Auction period (also known as premarket).

Here are a few highlights;

-1st pre-market/auction period- 9.30am to 10am.
-Likely MM activities(...both from the primary & secondary MM)- 10am to 10.15am.
-Basic market opening period will now be from- 10am to 2.15 pm.
-2nd pre-market/auction period- 2.15 pm to 2.30 pm (with an optional 2 minutes before closure for the MM folks).

Note however that unlike before, only the highest bid, and lowest offer will be shown during the auction periods. ...different bids and offers of same prices will be put up as a block together.

Barring any last minute change, some of these and maybe more will later be made public.

NOTE: This is strictly for informational purpose only.

Regards.

Barring any last minute change, the implementation of the aforementioned post should commence by Tuesday the 19th of June 2018 (since Monday 18th, has been declared as public holiday by the FG)

We're surely gonna be in for some interesting times ahead !!
...we keep watching.

Zenith Zenith Zenith
Is Zenith the only stock on NSE ?
Or is it the only stock that did well both in q4 and q1 ?
Nawah! This stock don carry too many passengers (including the faint of heart) that is why it has refused to bounce back since mark-down.
Please don’t wait for Zenith @20 go and wait for SEPLAT @500 or GTB at @30

Yayira:
Zenith Zenith Zenith
Is Zenith the only stock on NSE ?
Or is it the only stock that did well both in q4 and q1 ?
Nawah! This stock don carry too many passengers (including the faint of heart) that is why it has refused to bounce back since mark-down.
Please don’t wait for Zenith @20 go and wait for SEPLAT @500 or GTB at @30

They don't want you to break even and jaaaa.

mendes911:


They don't want you to break even and jaaaa.

I wish the stock can trade between 26 and 27 till November so that some people will lose their chill and leave.