Ekuu market o

we are getting there small small

tritritri:
Nigerian billionaire Femi Otedola, Chairman/CEO of Forte Oil, has accepted to run for the governorship seat of the Lagos State under the platform of the Peoples Democratic Party (PDP).

This was made known by Femi Otedola on Twitter who wrote;

Breaking news: Lagos 2019 promises to be interesting. PDP offers Femi Otedola governorship ticket. He's accepted and personally confirmed to The Boss newspaper..



F O investor wat the next step.

When I saw Otedola increasing his social media presence, I knew he was after something; the only logical thing is politics and the most likely being Lagos State governor.
However, he won't win and with the present situation of FO, the shares can only go down; no credible asset to give it any market improvement. Until there is a change in the company's business, any price improvement is obviously due to loading so don't consider the shares for too long.
I am talking from the experience of someone who got on the FO bus at 93 naira and jumped down at 19 naira because I can't handle the frustration anymore

anjilgreat:


I never knew that it rose to that amount, I would have sold mine. My major concern is to sort out my over 6000 unit shares with the defunct Intercontinental bank.

The way the stock market is going is becoming disheartening, I don't know if I should sell my access bank shares that I bought at #14.90/share in thousands of units as at 2007. I have even lost hope in Transcorp, bought at #7.50 per share in 2007 also.

I am already making moves to sell my Zenith bank shares bought at #16.90k in 2006 because of the current situation of the NSE. I never knew it went as high as #28.00 per share recently as I read here.

I have been advised to exercise a little Patience with the access bank before selling. What do you think will be the best option for me?

You can use automation tools like setting "alert" on investing.com to send you target price information whenever it happens. This tool has really saved me from the stress of daily followup on prices as well as preventing me from forgeting my stop loss prices too.

promong:


You can use automation tools like setting "alert" on investing.com to send you target price information whenever it happens. This tool has really saved me from the stress of daily followup on prices as well as preventing me from forgeting my stop loss prices too.

Thank you very much. I'll check it out immediately.

anjilgreat:


After I lost over #500,000 from my shares investment in 2008, I made a projection and hoping that in ten(10) years time, which happens to be this year, that it would have improved so that I'll sell all because I actually deliberately did not want to monitor the NSE all this while out of annoyance and to avoid unnecessary tension.

I didn't want to depend on information from my then stockbroker, because he knew that the NSE as at that time were projecting false and cosmetic values and he encouraged me to invest and lose my investment. I stumbled into this thread on nairaland this year when I wanted to know if the NSE has improved so that I can sell all.

Thanks for the advice. I'll closely monitor the market from now henceforth since we have a lot of gurus in the house.

Aside few people in this thread many of us were on the NSE pre-2007/2008 and also share the same experience as you. I still have plenty units of Multiverse Resources, Daar Communication, Beco Petroleum, Equity Assurance etc. in my portfolio as evidence that I fully participated in the 2007/8 madness.
I have counted my losses (NSE Tuition Fees according to Oga wanaj$$$) and moved on.

perfectgen:


When I saw Otedola increasing his social media presence, I knew he was after something; the only logical thing is politics and the most likely being Lagos State governor.
However, he won't win and with the present situation of FO, the shares can only go down; no credible asset to give it any market improvement. Until there is a change in the company's business, any price improvement is obviously due to loading so don't consider the shares for too long.
I am talking from the experience of someone who got on the FO bus at 93 naira and jumped down at 19 naira because I can't handle the frustration anymore

u try o bro. 80% haircut chai! why not donate the remaining tasere for his governorship ambition

i still remember when i posted fair price of this stock for N25 when it was selling close to N200 pple laugh

cc Angel01
cc loco

https://www.premiumtimesng.com/business/business-data/283195-nse-trading-maintains-bearish-trend.html

NSE Trading maintains bearish trend


Nigeria Stock Exchange (NSE)
September 11, 2018Agency Report
The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) with the All-Share Index declining further by 112.69 points.


The index shed 112.69 points or 0.34 per cent on Tuesday to close lower at 33,499.00 against 33,611.69 on Monday.

Also, the market capitalisation shed N59 billion or 0.48 per cent to close at N12.211 trillion in contrast with N12.270 trillion achieved on Monday.

An analysis of the price movement chart shows that 30 stocks recorded price depreciation, while 14 stocks appreciated.

Nigerian Breweries led the losers’ table with a loss of N4.5 to close at N88 per share.

GTBank trailed with a loss of N2 to close at N32.5, while Dangote Sugar decreased by N1.6 to close at N14.4 per share.

Forte Oil was down by 95k to close at N18.1, while UACN dipped by 8k to close at N210.2 per share.

On the other hand, Nestle recorded the highest gain, leading the gainers’ table with N130 to close at N1, 485 per share.

DangoteFlour followed with a gain of 55k to close at N8.4, while Access Bank appreciated by 1k to close at N9 per share.

Learn Afrca added 9k to close at N1.1 while Neimeth increased by 6k to close at 72k per share.


GTBank emerged the most active stock, trading 17.47 million shares worth N562.78 million.

United Bank for Africa followed with an account of 15.63 million shares valued at N117.42 million, while Diamond Bank traded 13.83 million shares worth N18.61 million.

Access Bank exchanged 1.88 million shares valued at N103.26 million, while Zenith international Bank sold 11.68 million shares worth N236.05 million.

In all, investors bought and sold 150.67 million shares valued at 1.59 billion in 3,678 deals, representing an increase of 9.48 per cent.

This was in contrast with a total of 137.625 million shares worth N1.36 billion achieved in 3,104 deals on Monday.

The market has maintained the downward trend for two consecutive weeks.

Fakrogha Charles, Chief Relationship Officer, Foresight Securities & Investment Ltd., attributed the downward trend to the economic and political uncertainty in the country.

Mr Charles, also a market operator, said the downward trend would persist until after the primaries of the political parties.

(NAN)

currentprice:


u try o bro. 80% haircut chai! why not donate the remaining tasere for his governorship ambition

i still remember when i posted fair price of this stock for N25 when it was selling close to N200 pple laugh

cc Angel01
cc loco

Such is life; I somewhat liked the guy and saw him as an astute business man and being a keeper of stocks, I guess the haircut fits me well. FO better now; what will you say of Intercontinental and Oceanic bank that turned full Afro to bald head; I am learning g never to do long term stock investment anymore inasmuch it us NSE

currentprice:


u try o bro. 80% haircut chai! why not donate the remaining tasere for his governorship ambition

i still remember when i posted fair price of this stock for N25 when it was selling close to N200 pple laugh

cc Angel01
cc loco

Yes i remember when u predicted 25 it was around 64 then ...

In-shot few people here deserve a round of applause for early warning since JAN/FEB .only the PIG get slaughtered . ummm

perfectgen:

Such is life; I somewhat liked the guy and saw him as an astute business man and being a keeper of stocks, I guess the haircut fits me well. FO better now; what will you say of Intercontinental and Oceanic bank that turned full Afro to bald head; I am learning never to do long term stock investment inasmuch it is NSE

perfectgen:

Such is life; I somewhat liked the guy and saw him as an astute business man and being a keeper of stocks, I guess the haircut fits me well. FO better now; what will you say of Intercontinental and Oceanic bank that turned full Afro to bald head; I am learning g never to do long term stock investment anymore inasmuch it us NSE

sorry man but i like your courage sha, coming to tell us the true that u lost 80% of ur fo. nobody does that here, what common here is suffering and smiling which end in attacking due to the frustration...

tritritri:



Yes i remember when u predicted 25 it was around 64 then ...

In-shot few people here deserve a round of applause for early warning since JAN/FEB .only the PIG get slaughtered . ummm

may be u follow the update post. i post earlier before N64. those i coppy can confirm. especially Angel01

currentprice:


u try o bro. 80% haircut chai! why not donate the remaining tasere for his governorship ambition

i still remember when i posted fair price of this stock for N25 when it was selling close to N200 pple laugh

cc Angel01
cc loco

Hmmmmn, na wa ooo. People have come and gone. I can still remember this oga Angelo then. He is always bluffing on how he has a lot of cash to average down not knowing that "the market can stay irrational longer than you can remain solvent"- Warren Buffet.
He has realized that, in NSE. “The older you get, the more quiet you become. NSE humbles you so deeply as you age. You realize how much nonsense you’ve wasted time on".- Modified quote of Vala Afshar.

currentprice:


sorry man but i like your courage sha, coming to tell us the true that u lost 80% of ur fo. nobody does that here, what common here is suffering and smiling which end in attacking due to the frustration...

What will pretending to master an obviously unstable market benefit me? I lose some, gain some; thanks to the January Bull but I am still a learner and trying to learn more.
So admitting to having to run out of the FO bus is because I am seeing similarity between FO devaluation and most of Jimoh Ibrahim's stocks; it only goes down the more so better to come down from the bus than reach the final bus stop and see that your stocks are already worthless.
Someone mentioned here that Femi Otedola has removed his money and hand from FO and I think he is correct.
My next target is Oando; counting my loss and running

Jejebabaa:


Hmmmmn, na wa ooo. People have come and gone. I can still remember this oga Angelo then. He is always bluffing on how he has a lot of cash to average down not knowing that "the market can stay irrational longer than you can remain solvent"- Warren Buffet.
He has realized that, in NSE. “The older you get, the more quiet you become. NSE humbles you so deeply as you age. You realize how much nonsense you’ve wasted time on".- Modified quote of Vala Afshar.

with my observation very likely FO send Angel01 back to village too loaded on the stock at high price. d stock almost send mercy to village also

currentprice:


with my observation very likely FO send Angel01 back to village too loaded on the stock at high price. d stock almost send mercy to village also

The Angelo i had issue with few year back said he exited nig stock and was trading USA only..so he might not really be affected.

currentprice:


with my observation very likely FO send Angel01 back to village too loaded on the stock at high price. d stock almost send mercy to village also

Guess Mercy recovered some of her losses in FO via MMM she advertised on tissue thread thereafter. She is good at taking some risks. I hope and pray she survived the MMM liquidation.

arduino:


Aside few people in this thread many of us were on the NSE pre-2007/2008 and also share the same experience as you. I still have plenty units of Multiverse Resources, Daar Communication, Beco Petroleum, Equity Assurance etc. in my portfolio as evidence that I fully participated in the 2007/8 madness.
I have counted my losses (NSE Tuition Fees according to Oga wanaj$$$) and moved on.

It was real madness then. Good to know that you've counted your losses long ago.

I personally decided all this while not to ever invest in the NSE and was never interested to get info on stock, not until this year. I decided to move on this year. Every investments have their risk

tritritri:



The Angelo i had issue with few year back said he exited nig stock and was trading USA only..so he might not really be affected.

good if i am wrong.

2019: Forte Oil Chief Femi Otedola to Contest Lagos Guber Under PDP
https://www.businesspost.ng/2018/09/11/2019-forte-oil-chief-femi-otedola-to-contest-lagos-guber-under-pdp/

anjilgreat:


There is God O! The same FBNH I bought at #33.00/share in 2007 in thousands of units that you are hoping to become #2.00. Abeg O!, take it easy so that you won't give some long term investors like us High B.P with your forecast.

The Irony is that people thought they got it cheap at that price considering that it had just fallen from the >#70 it hit the previous year on account of dividend and bonus largese.
NSE is really a funny place.

The way the NSE is going down is alarming hoping the bulls kick in soon

Deadlytruth:


The Irony is that people thought they got it cheap at that price considering that it had just fallen the >#70 it hit the previous year on account of dividend and bonus largese.
NSE is really a funny place.

Very funny and unpredictable. I have come to learn that it profits more to do short-term investments than long term and be up-to-date.

currentprice:


my brother it is menu for the boys. gathering momentum to fall again sold last week for good gain. i will be selling again tonight

oil will fall before rise according to the chart

AlphaStyles:
The way the NSE is going down is alarming hoping the bulls kick in soon

all in due time

Brent
- breaking $79

(NSE not in sync )

fxuser:


all in due time

Am just concerned because too much money have been drained i just pray all the losess stop

Funny thing about NSE is that experience is the best teacher. No amount of warning will stop someone from making a mistake, until he has experienced the lesson. That's not bad at all, it only becomes a problem when you refuse to learn from your own mistake.

It's very important that:

1. You carefully review how you fell into a trap.
2. Make adjustments.
3. Come up with a plan that works for you (Based on who you are).
4. Stick to that plan (While making adjustments in order for it to be perfect).

Else, some of us that's complaining of our current situation will still find ourselves in same situation not long from now.

AlphaStyles:
Am just concerned because too much money have been drained i just pray all the losess stop

mkt cycles , helps create another opportunity

Zenith / GTB
Atten TA folks

- both breaking below 0.618fib level using 2016 swing low to 2018 jan swing high
- 0.786 level is where to watch if u ff BBM prev posts / agabanomics & co ! lollx
- some small caps hv already reached dat level


#patience

anjilgreat:


Very funny and unpredictable. I have come to learn that it profits more to do short-term investments than long term and be up-to-date.

Such cummulative experience is why I have a phobia for long term as far as the Nigerian bourse is concerned.

fxuser:



'' they refused insisting that they must sell above their entry prices. ''

this thinking ehn ..

Most cases of loss of capital have such mindset behind them. A lion share of the school fees I paid was caused by that thinking.