Valueinvestor:

I beg to differ sir,NSE is not synonymous with betnaija,(that's where you do hit and run),real investors don't do hit and run,(where would people like,dangote,Elumelu,jim ovia,oba otudeko,and so on run to)they only diversify appropriately,.Though the market may look dull now prompting the thoughts of hit and run, but, that is where patience comes into play for a well bought stock,

The term hit and run is not synonymous to jijo
if you know, you know

sellydion:


Until you see the chart of NSE for about 20years or more, you will know this is the best place to print money.

Thanks sir,am Sir they know

Valueinvestor:
I beg to differ sir,NSE is not synonymous with betnaija,(that's where you do hit and run),real investors don't do hit and run,(where would people like,dangote,Elumelu,jim ovia,oba otudeko,and so on run to),

Think he's talking about long termers, especially nowadays, that once you make your profit you jaaaaa from the stock and look for other 'greener pasture' and not stay unnecessarily in the stock.
JIJO is different.

Agbalowomeri:


The term hit and run is not synonymous to jijo
if you know, you know

Oh OK, I thought
JI = HIT
JO= RUN
RUN= NEVER to come back again. Cos if you come back sir its stlll jijo

Valueinvestor:

Oh OK, I thought
JI = HIT
JO= RUN
RUN= NEVER to come back again. Cos if you come back sir its stlll jijo

He who fights and run, lives to fight another day

Mcy56:

Think he's talking about long termers, especially nowadays, that once you made your profit you jaaaaa from the stock and look for other 'greener pasture' and not stay unnecessarily in the stock.

Thanks my sister,and that's exactly where sufficient diversification comes into play.
A well diversified portfolio should actually look like a Christmas tree(especially in a bear market),showing green lights and red lights.For value stocks bought at bargain,(with appropriate margin of safety).you sell the greens and buy the reds.and the cycle continues.
Even in a bear market,there would always be top gainers and top losers for the day,week,month and year.

Agbalowomeri:


He who fights and run, lives to fight another day

OK sir,I rest my case at the elders (Agba) feet

Valueinvestor:

OK sir,I rest my case at the elders (Agba) feet

My brother have you held any single stock for up to 15-20 years in this NSE?
No matter how good your stock is, once index enter reverse gear (i.e. if you understand when it does), my brother run, run, run
When it rains, it pours

Agbalowomeri:


My brother have you held any single stock for up to 15-20 years in this NSE?
No matter how good your stock is, once index enter reverse gear (i.e. if you understand when it does), my brother run, run, run
When it rains, it pours

So true. I have never profited from any stock I held more than 2 years.

I mean never.

Maybe it is because I don't like maintaining bad debts or I was still learning from my stockbroker.

What exactly is fcmb responding to? Is it the result that was released...?

Caverton had not even seen result before it started moving...

Agbalowomeri:


My brother have you held any single stock for up to 15-20 years in this NSE?
No matter how good your stock is, once index enter reverse gear (i.e. if you understand when it does), my brother run, run, run
When it rains, it pours

15-20 years ke,I have not even been in the market for that long,but I learnt valuable lessons during the 2008 stock market crash(I would rather call it wealth transfer),and I vowed not to make those same mistakes.But honestly even if I have been that long on the NSE,It is not likely, that I would ever hold any stock for that long.I do.my portfolio rebalancing after every quarter(if need be),but when opportunity arises in between the quarter, I still do same(typical of a long termer with a traders instinct)

swilo:
https://punchng.com/30-nigerians-apply-for-n180m-us-investment-visa/amp/

This is by the wayside anyways.

I only posted it here because the amount will be increased from USD500k to USD900k by year end incase you are interested.

Lol that is all the money I need to retire

Stocks with new 52 week lows
Eterna oil #3.30k NB #55.00k

Intendy:
Stocks with new 52 week lows

Eterna oil #3.30k
NB #55.00k

Someone mentioned Zenith bank at 18.30

Agbalowomeri:


Someone mentioned Zenith bank at 18.30

Zenith closed @₦18.45

Agbalowomeri:


Someone mentioned Zenith bank at 18.30

It happened during trading hour but it closed @ 18.40

swilo:
https://punchng.com/30-nigerians-apply-for-n180m-us-investment-visa/amp/

This is by the wayside anyways.

I only posted it here because the amount will be increased from USD500k to USD900k by year end incase you are interested.

https://www.escapeartist.com/blog/watch-out-for-this-eb-5-visa-scam/

Be carefull..read the risk very well.

MTN Secures CBN Licence to Offer Banking Services
https://businesspost.ng/2019/07/30/mtn-secures-cbn-licence-to-offer-banking-services/

Shareholders Okays Sale of Fresh NPF MfBank Shares to Investors
https://businesspost.ng/2019/07/30/shareholders-okays-sale-of-fresh-npf-mfbank-shares-to-investors/

Dangote Cement Revenue Falls to N467.7bn in Six Months
https://businesspost.ng/2019/07/30/dangote-cement-hy19-revenue-falls-to-n467-7bn/

2019 H1: Nigerian Breweries Suffers 27.72% Reduction in Net Profit
https://businesspost.ng/2019/07/30/2019-h1-nigerian-breweries-suffers-27-7-reduction-in-net-profit/

Agbalowomeri:


Olodo rabata

Revelation 21:8 King James Version (KJV)
But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers (seducers, fornicators
and adulterers) and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire
and brimstone: which is the second death.

dipoolowoo:
MTN Secures CBN Licence to Offer Banking Services
https://businesspost.ng/2019/07/30/mtn-secures-cbn-licence-to-offer-banking-services/

Shareholders Okays Sale of Fresh NPF MfBank Shares to Investors
https://businesspost.ng/2019/07/30/shareholders-okays-sale-of-fresh-npf-mfbank-shares-to-investors/

Dangote Cement Revenue Falls to N467.7bn in Six Months
https://businesspost.ng/2019/07/30/dangote-cement-hy19-revenue-falls-to-n467-7bn/

2019 H1: Nigerian Breweries Suffers 27.72% Reduction in Net Profit
https://businesspost.ng/2019/07/30/2019-h1-nigerian-breweries-suffers-27-7-reduction-in-net-profit/

Na wa for this mtn o.
They should have allowed the price to drop small naw before this one.

The financial markets are gonna get a "jolt" tomorrow night.

https://www.wsj.com/articles/a-key-reason-why-the-fed-struggles-to-hit-2-inflation-uncooperative-prices-11564318800

The Fed might be forced to cut rates by greater than 25 basis points.

This would affect everything else globally as the markets are "tuned" to the US Dollar.

2019 H1 Results: UBA to Miss July 30 Deadline
https://businesspost.ng/2019/07/30/2019-h1-results-uba-to-miss-july-30-deadline/

Unity Bank Grows Half Year Profit by 96%
https://businesspost.ng/2019/07/30/unity-bank-grows-half-year-profit-by-96/

http://www.nse.com.ng/Financial_NewsDocs/27230_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

Impressive result from Uacn!!!

Bomboclad:
AIICO is doing fantastically well.....52% increase QOQ

AIICO is a highly profitable company whose management is playing games with the minority shareholders. I strongly believe that there is a game going on with the intent of stealing a significant portion of the company to the majority shareholders at no cost to them. They got the shareholders to approve a Rights issue about a year ago at an EGM. They have not effected the rights issue. They really do not need the capital but it is part of the grand scheme to steal a significant portion of the company. At the last AGM, they got shareholders who never look at things critically to approve a technical agreement with an unknown company with no web presence. Think about that. A company that has been operating successfully for more than 70 years seeking technical support from an unknown company with no web presence.

On this latest H1 report, look at the "Other Investment Contract Liabilities" line on note 19(b). It increased by N1.3 billion in 2018. So far this year, it has increased by N1.5 billion. Both of these increases were by a charge to the profit and loss account. What is this liability that AIICO continues to increase by reducing their profit? How does it fit into their business. My guess is that this is where the management are housing the funds to use for the rights issue so they will not have to pay anything themselves. I am hoping they read this post so they will be forced to explain this line.

I have investment in AIICO. It's actually a major part of my Nigerian portfolio. This is because I believe that at some point, all of these shenanigans will stop and the company will find its true values. At the present time though, I am grateful for an opportunity to continue to acumulate this company at a tissue paper price level.

veecovee:
Revelation 21:8 King James Version (KJV) But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers (seducers, fornicators and adulterers) and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.

WILL YOU STOP THIS PLEASE!
You have started again. What happens to you minding your biz in a public forum??
How did a harmless joke turned to you 'cursing' someone?
Did anyone borrowed your keypad to type or did you buy data for anyone here?
Na the kind thing wey dey vex me be this.
Whosoever wishes anyone evil, evil will befall him/her.
Stop acting dumb cos those of us you're referring to lives in different states/countries and I dont know how someone is seducing another here.
In conclusion: Wisdom is the principal thing, in all thy getting get understanding...Prov 4:7.

Agbalowomeri:


Someone mentioned Zenith bank at 18.30

It was intraday low sir at 2:20pm then market makers closed it at 18.40 at 2:30pm

veecovee:
....

How many times have you responded to deepsuk's posts here?
Loco mentioned that he had issue, I dont think I read any prayer or word of advice to him from you.
Vee be careful o, cos I dont joke with the Words of the Holy Bible. Guess I'll have to un-follow your thread cos you're not preaching salvation but condemnation.
Jesus said "whosoever is without sin should cast the first stone" Jh 8:7

As if he's innocent and na his type be baddo for oza room, na mouth some of us dey make.

*@All, apologies for derailing......but I just had to tell him a piece of my mind

....

tritritri:


https://www.escapeartist.com/blog/watch-out-for-this-eb-5-visa-scam/

Be carefull..read the risk very well.

Noted Sir.

Dupeodus:


AIICO is a highly profitable company whose management is playing games with the minority shareholders. I strongly believe that there is a game going on with the intent of stealing a significant portion of the company to the majority shareholders at no cost to them. They got the shareholders to approve a Rights issue about a year ago at an EGM. They have not effected the rights issue. They really do not need the capital but it is part of the grand scheme to steal a significant portion of the company. At the last AGM, they got shareholders who never look at things critically to approve a technical agreement with an unknown company with no web presence. Think about that. A company that has been operating successfully for more than 70 years seeking technical support from an unknown company with no web presence.

On this latest H1 report, look at the "Other Investment Contract Liabilities" line on note 19(b). It increased by N1.3 billion in 2018. So far this year, it has increased by N1.5 billion. Both of these increases were by a charge to the profit and loss account. What is this liability that AIICO continues to increase by reducing their profit? How does it fit into their business. My guess is that this is where the management are housing the funds to use for the rights issue so they will not have to pay anything themselves. I am hoping they read this post so they will be forced to explain this line.

I have investment in AIICO. It's actually a major part of my Nigerian portfolio. This is because I believe that at some point, all of these shenanigans will stop and the company will find its true values. At the present time though, I am grateful for an opportunity to continue to acumulate this company at a tissue paper price level.

Wow Dupe,

You got lots of info on AIICO.

Have you written to SEC concerning this matter?

Amosun Heads Senate Committee on Capital Market
https://businesspost.ng/2019/07/30/amosun-heads-senate-committee-on-capital-market/