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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:17pm On Sep 01, 2018 |
deepsuk: So you have good advice like this after-all..... but that financial criminals though, chai, you gave advice come spoil am again. |
Re: Nigerian Stock Exchange Market Pick Alerts by Ugosample(m): 8:21pm On Sep 01, 2018 |
Deadlytruth:You are a sharp oga I put the code, you decoded it We understand why he is hiding himself Kidnappers plenty for hood these days 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 8:22pm On Sep 01, 2018 |
Godlylifeoneart: And using that literal meaning as background premise, we can deduce the figurative thus real meaning as "a grave robber". And you know grave robbery in the stock market is the shortest cut to heavy portfolio. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:25pm On Sep 01, 2018 |
Deadlytruth: He never show me the way o, na crumbs I still dey eat from the master's table, na junior class I dey. .... I don replace mcy with the right moniker that should be there. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:28pm On Sep 01, 2018 |
Godlylifeoneart:This literary meaning too looks more like it. Agba just dey trend anyhow here. |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 8:35pm On Sep 01, 2018 |
Mcy56: Chai! Him wicked o! Upon all the school fees you don pay am? You sure say that no be wetin make you vex report am to the mods so tey him chop ban? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:48pm On Sep 01, 2018 |
Deadlytruth:I no report am o. Whether na same thing he did to the domin**** be that why that one just dey ban him anyhow. Anyway, no be say he wicked sha. He no too dey like to show women the way ni. You just dey stone me. |
Re: Nigerian Stock Exchange Market Pick Alerts by moneywoman74: 8:48pm On Sep 01, 2018 |
Agbalowomeri: Me too, I have held Guaranty but will sell some by next as i will like to be doing 50% trading and 50% investing. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:00pm On Sep 01, 2018 |
Ugosample: |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:04pm On Sep 01, 2018 |
moneywoman74: Why the change of strategy? but buffet said dat the best . |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 9:10pm On Sep 01, 2018 |
Mpeace: EPS that will stay or the one that will vanish by YE? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:12pm On Sep 01, 2018 |
mendes911:FCMB dey try. Them no dey too do wuru wuru like diamond. Diamond eps usually starts falling in q3. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:18pm On Sep 01, 2018 |
Mpeace: Fidelity sef don join diamond for wuruwuru |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 9:28pm On Sep 01, 2018 |
Mpeace: Chief, EPS that never gets to shareholders, that one follow for EPS. DBN, Fidelity and FCMB are birds of the same feather as far as EPS/Dividend is concerned. |
Re: Nigerian Stock Exchange Market Pick Alerts by Bezzle: 9:32pm On Sep 01, 2018 |
Deadlytruth:Thank you so very much sir. I'm super grateful. Many thanks to everyone who took time to answer my question. |
Re: Nigerian Stock Exchange Market Pick Alerts by Ugosample(m): 10:13pm On Sep 01, 2018 |
mendes911: interesting |
Re: Nigerian Stock Exchange Market Pick Alerts by Bezzle: 10:47pm On Sep 01, 2018 |
fxuser: |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:47pm On Sep 01, 2018 |
Bezzle: See comrade, in this market you need to get a system, and practicalize the system some use back testing to be successful. Read books on technical and fundamental and choose your approach. People telling you sell are right those telling hold are also right. You are the one to make your choice based on books you have read , your rigorous thinking and your experience in the market. I belong to the school of thought of Warren Buffet( Fundamental) having done my own analysis , rigorous thinking and read good books You have actually miss the boat on FO the fundamental are not right again, you supposed to have sold long time ago. So the best is to sell.And move on. I differ greatly to the school of thought of sell on Stop Loss. I have been there. My brother I know not a small thing on technical analysis, However there are systems to manage your stop loss instead of killing your money while the [b]GOOD [/b]company is still alive and well. Mind the word in bold. Fundamentalist only cut losses when the edges are going, and they usually bought at GRAVE ROBBER PRICES. Undervalue that is the why I always ask our resource person ( CP) When stock Market are moving together in one direction. If you sell in one and put your money in another. Same scenario will still play out. exceptions are very few like AIICO untill the market bottom out. Many are trading movement of stock price using ( stop loss )while we trade underline securities based on the company edges. Different approaches. Stop loss only apply at the sign of danger to the security underline edge which permanently may affect the price no more. Fundamentalist stop profit and in few cases lose at the changes of edges. Most time if you do it right in buying with good marging of safety you should come out on top. Think about it. However some can not put emotion at bay they must sell because one bank director slap another Director? Friend it is well. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 12:55am On Sep 02, 2018 |
sellydion:Story story, hindsight bias. There is no system that works. When was the fundamentals of FO ever right? Warren Buffet was only lucky that what he loved doing became a banger. And the fact that serendipity smiled his way. For example, if Harvard had accepted him, there was no way he would have met Graham at Columbia to learn under his tutelage. Experience is the best teacher. You'll learn the ropes by doing it. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:47am On Sep 02, 2018 |
Deadlytruth:In oxymoron... Agbalowomeri is a gold digger.... The gold digger of NSE |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:52am On Sep 02, 2018 |
GTB will trade at +/-N1.5 in September by Oct the price will nosedive to 32 Finally stopped at 30 naira at the tail end of 2018 If the polity is tensed... We will see it at sub N30 |
Re: Nigerian Stock Exchange Market Pick Alerts by moneywoman74: 4:26am On Sep 02, 2018 |
tritritri: The change of strategy is that, I need more money now as responsibilities has drastically increases, therefore dividend alone is not enough. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:14am On Sep 02, 2018 |
I woke up early today, reflecting on our once beloved nation, the book writers giant of Africa in corruption, mismanagement, favoritism and nepotism, the new capital of poverty in the world home to many corrupt multi billionaires in $ A nation that does not protect minority investors, A country where your losses at the capital market is meaningless to the government. Can we ever get it right again in this country? A nation where budgeting does not means execution or completion,A nation where pronunciation is not an action, A nation where optimists are actually pessimists in reality. Suddenly, Nigeria overthrew Indian as the headquarter of poverty in the world under the lifeless president (Trump analogy) What would happen should Buhari rules for another 4 yrs? The bubble will burst, our investment will go down the drain of history. What will happen should pdp take over the governance of Nigeria... Your guess is as good as mine... Back to square zero. We do not deserve the Atiku the kwankwaso, the tambuwa, the Saraki of this world. What many analysts do not understand is that it is not just the bear that is wiping away our investment in NSE, the danger we do not see has been sighted by the foreign raiders (investors) If GT bank one the best manage institution in the world is being exited at the speed of light by foreign raiders then there is a hand writing on the wall which many minority investors have failed to acknowledged. GT bank is an anti bear, GT bank symbolizes the hope of NSE, once foreign raiders interest declined in GT then we are all in trouble. My view to right the hardship being faced by minority investors is for us to call on the insensitive politicians that are ruining Nigeria to pass a bill or an executive order for an establishment of portfolio protection insurance at a reasonable price.... Maybe 0.005% per portfolio, reduction of brokerage fee from 1.35% to 0.5% The brokers in Nigeria do nothing and earn like Agbalowomeri... In order word they are gold diggers. May God rescue us from the fear of the unknown. Amen |
Re: Nigerian Stock Exchange Market Pick Alerts by Dupeodus: 5:30am On Sep 02, 2018 |
My post here is to launch a protest about what I consider a daylight robbery of retail investors of AIICO by AIICO's Management. AIICO announced that it will be doing a private placement of 4.4 billion shares to an undisclosed investor by private placement at N1.20 per shares and is planning an extra ordinary shareholders meeting to seek shareholders approval. Please do not be carried away by this proposed price of N1.20 compared to the market price. This is because I believe that AIICO's management has been manipulating its financial statement in the last 3 years to suppress the market price of AIICO's shares in anticipation of this private placement. First, the book value of the equity of AIICO as at 31-DEC-2017 works at about N1.58 per share. More importantly though is the fact that AIICO has about N12 billion hidden assets in the undervaluation of Federal Government bonds it holds as at that date. This N12 billion was shown as a negative reserve of the AFS assets in the equity section. Think about it. This is FGN bonds which is raw liquidity. Let me explain how I came about this. In the 2016 financials, AIICO marked down the value of its treasury bills holding by about that N12 billion naira because they claimed interest rates increased and the face value of the FGN bonds has to be discounted. They disclosed the list of FGN holdings and over 90% of them by value were at about 12.15%. I can only guess that they used a prevailing 16% or thereabout interest rates for discounting because the list of many FGN bonds in the 2017 Financial statement was at 16% - 17%. This was fair enough as in that same year, the value of liabilities for life insurance and annuities were marked down for the same reason. However, in the 2017 financial statement, the value of of liabilities for life insurance and annuities were now marked up by about N11 billion naira depressing the profit for the year. According to the Chairman's statement, this was because interest rates reduced by 12.9%. I believe this was a mistake in that he meant interest rates reduced to 12.9 percent which is used to measure the liabilities for life and annuity contracts. You will expect the same 12.9% to be used to measure the carrying values of the FGN bonds which should wipe off the N12 billion negative AFS reserves and show that the FGN bonds are being carried at cost. Alas, the N12 billion negative equities are still in the books. As I said earlier, as at 31-DEC-2017, about 80% by value of the FGN Bond holdings of AIICO were at 12.15% while the rest were at greater than 16%. At prevailing interest rates of 12.9% according to the Chairman's statements, these bonds should be carried at cost at least because the positive margin of about 3% on the 20% of bonds carried at 16% should be enough to offset the negative margin of 0.75% on the majority of the bonds. Therefore, instead of the value of N71.5 billion at which the Available for sale assets are carried in the books, it should have been at about N83.5 billion. Consequently, shareholders funds should have been at about N22.5 billion or about N3.25 per share instead of the N10.5 billion or N1.58 per share shown in the books. The sole purpose of this private placement is for the management of AIICO to grab the company at the expense of retail shareholders. This is a very highly capitalized company with super liquidity. The company has about N83.5 billion FGN bonds at face value and N5 billion of Cash and Cash Equivalents to service N70 billions of Insurance and Investments contract liabilities. AIICO does not need the proceeds of this private placement. I plan to write a letter of protest to both NAICOM and the SEC on this issue. If you can, please join this fight. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:49am On Sep 02, 2018 |
mendes911:FCMB and Fidelity will always pay dividends from eps. Na diamond wey no dey pay. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:12am On Sep 02, 2018 |
Just saw this quote this morning, and am wondering how true it is. "He that cannot abide a bad market deserves not a good one. -Ray John 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ugosample(m): 7:14am On Sep 02, 2018 |
Godlylifeoneart: This your post got me thinking Too much malpractice, corruption and wickedness is what troubles Nigeria Any ways Najia go survive |
Re: Nigerian Stock Exchange Market Pick Alerts by baoto(m): 8:01am On Sep 02, 2018 |
Godlylifeoneart: My dear, surviving stockbroking houses have been on proprietary trading, not necessarily on brokerage fees. The minimum operating standards have improved efficiency in the industry, but also balloon expenses for these houses in the faces of market cycles. Large transaction tickets do not just occurred regularly because of market depth and shareholders structures... If you set up one today, within 6 years you must have hired about 7 MDs given your current dispositions!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 8:15am On Sep 02, 2018 |
Godlylifeoneart: BOSS, why agreeing with some points here I will also disagree Wit u on many. Let the best person rule Nigeria it does not mean investors will not loose money as long as foreigners are participants in the game on our NSE. Please don't expect that any one will make laws that will protect investors cos doing that may also protect foreign investors who quickly make money and leave. After the experience of 2008, I have to read about these foreign investors called Asian tigers in those books and also studied their strategies. They do pump and dump most of the time and this they do gradually in most cases leaving we the local ones to bear the loss for them. The best bet is to invest like them, know the time they come in and know the time they begin to exit the market gradually. Majority of us does not do this and they immediately dump on us and find their ways leaving us to bemoan our losses. For me have learnt in a hard way and told myself never to loose money again. Am not a tech analysis person I belong to the sch. Of fundamentalist and once I exit a stock, I don't look back again. With my little experience on NSE, there is no good stock that can't crash/rise when Asian tigers put their hands. So don't blame government for anything look for strategy that make u win all the time. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by MonkeyHunter: 8:22am On Sep 02, 2018 |
Dupeodus: |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 8:37am On Sep 02, 2018 |
baoto:Proprietary trading in which market? There is no firm that is in profit year to date from prop trading. |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 8:53am On Sep 02, 2018 |
Godlylifeoneart:Yeah! The gold digging grave robber. |
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