rebekah2011:
I just feel that something is not right with the company. A stock with such profit level for H1 should be attracting the interest of HNI and FPIs.

There is no volume support for that stock.

That's why the erudite investor is not touching it.

akinssan:
i no even get more again...

Fear no gree you buy when e reach 80k again?
Una weldone.

meshpips:


Here are my thoughts about the stocks you requested.

1. FBNH: yet to touch support at 3.35

I don't think we can see anything interesting on it until after it has touched or breached that level.

2. UBA : demand channel is in place on this pair but I won't feel comfortable taking any buy side trade until after it has touched 3.14 or slightly lower. It is important to state here that the quarterly swing high at 10.56 which was breached to the upside suggests a bullish impulsive move. The current sell can terminate at the uptrend line but preferably the support at 3.14

3. ETI: There is almost no sight of volume activity going on for this stock on the yearly chart BUT a look at the quarterly chart reveals that price is almost at the lower extreme of the supply channel. This might make some buyers begin to get interested.

The charts are posted below.
Kindly note that I didn't have to stress myself carrying out volume computations for any of the 3 stocks because their Price - Time analysis haven't revealed anything interesting.

see my recommendations here.

swilo:




Where is veecovee? Your attention is needed here...

Really , but where were you when some was telling me to go over to religion forum yesterday? I don't think the person is one of witches though

Witches:


We Afflicted Your Pastor with Spirit of Stubbornness and Greed. Let him deal with that First .

How was the heat of the fire last night? ...

Sylver - Minister of State for Pet...

Good morning all!.

Zenith can't even see N20 until 2022!

I move my funds to $.

rebekah2011:
Seen big volumes in Zenith, UBA, Access. who are those buying and selling

I was wondering too o,infact i first thought it was the witches buying while the wizards are selling.But i have come to realize that na humans o(investors).

One man's food is another man's poison

We've actually got different levels of risk appetite.

meshpips:


There is no volume support for that stock.

That's why the erudite investor is not touching it.

You don't understand his question, do you? I doubt you do.

With the fundamentals of the stock, how come the stock could not get the volume and interest from FPIs and other big investors.

Something is not adding up

Valueinvestor:
I smell gradual accumulation in ETI

Congratulations to those who saw this and keyed into it,(though might be short lived),it was ALMOST certain, it would move with that kind of strategic accumulation.

Anyway just saying my own jare.I leave the rest to the nostrademus here

rebekah2011:
I just feel that something is not right with the company. A stock with such profit level for H1 should be attracting the interest of HNI and FPIs.

Management/internal strife (investors still studying the management)

FPI's are always weary of 3 things ,bad management,too much debt(high debt to equity ratio),and crumbling economy

stcool:
Sylver - Minister of State for Pet...

Good morning all!.

Zenith can't even see N20 until 2022!

I move my funds to $.

CNN don talk?

http://www.nse.com.ng/dealing-members-site/Notices/Delisting%20of%20Skye%20Bank%20and%20Fortis%20MFB.pdf

Stocks with new 52 week lows
Nascon #12.50k
Uacn properties #1.07k
International breweries #11.50k
Okomu oil #44.50k
Forte oil #15.30k

LASACO Assurance Plans Share Reconstruction
https://businesspost.ng/2019/08/21/lasaco-assurance-plans-share-reconstruction/

NSE Delists Skye Bank, Fortis Microfinance Bank
https://businesspost.ng/2019/08/21/nse-delists-skye-bank-fortis-microfinance-bank/

Total Nigeria Appoints Baxter-Green to Board
https://businesspost.ng/2019/08/21/total-nigeria-appoints-baxter-green-to-board/

Red Star Express Plc - Proposed Rights Issue
Dealing Members are hereby notified that Red Star Express Plc has through its Stockbroker, APT Securities
and Funds Limited, has submitted an application to The Nigerian Stock Exchange for the approval and
listing of a Rights Issue of Two Hundred and Ninety Four Million, Seven Hundred and Forty Eight Thousand,
Three Hundred and Eighty (294,748,380) ordinary shares of Fifty Kobo (N0.50) each at Four Naira Fifty
Kobo (N4.50) per share, on the basis of one (1) new share for every two (2) ordinary shares held.
The Qualification Date for the Rights Issue is today Wednesday, 21 August 2019.
This is for your information and necessary action, please.

Dealing Members are hereby notified that Red Star Express Plc has through its Stockbroker, APT Securities and Funds Limited, has submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Hundred and Ninety Four Million, Seven Hundred and Forty Eight Thousand, Three Hundred and Eighty (294,748,380) ordinary shares of Fifty Kobo (N0.50) each at Four Naira Fifty Kobo (N4.50) per share, on the basis of one (1) new share for every two (2) ordinary shares held. The Qualification Date for the Rights Issue is today Wednesday, 21 August 2019. This is for your information and necessary action, please.

rebekah2011:
http://www.nse.com.ng/dealing-members-site/Notices/Delisting%20of%20Skye%20Bank%20and%20Fortis%20MFB.pdf

Notification of Delisting of Two (2) Listed Companies Dealing members are hereby notified that pursuant to Clause 15 of the General Undertaking, Appendix III of the Rule Book of The Nigerian Stock Exchange, 2015 (Issuers?Rules), the under listed companies were delisted from the Daily Official List of The Nigerian Stock Exchange (The Exchange) today, Wednesday, 21 August 2019: 1. Skye Bank Plc 2. Fortis Microfinance Bank Plc The delisting of the afore-listed companies was approved by the National Council of The Exchange on Thursday, 30 May 2019 in line with The Exchange? regulatory delisting process as a result of the revocation of their operating licenses by their primary regulator, the Central Bank of Nigeria. This is for your noting and information.

rebekah2011:
Red Star Express Plc - Proposed Rights Issue
Dealing Members are hereby notified that Red Star Express Plc has through its Stockbroker, APT Securities
and Funds Limited, has submitted an application to The Nigerian Stock Exchange for the approval and
listing of a Rights Issue of Two Hundred and Ninety Four Million, Seven Hundred and Forty Eight Thousand,
Three Hundred and Eighty (294,748,380) ordinary shares of Fifty Kobo (N0.50) each at Four Naira Fifty
Kobo (N4.50) per share, on the basis of one (1) new share for every two (2) ordinary shares held.
The Qualification Date for the Rights Issue is today Wednesday, 21 August 2019.
This is for your information and necessary action, please.

Redstarexpress is undoubtedly a good stock (at least for those of us that are advocates of sufficient diversification),why 4.50 na,when we are getting it at 3.83 in piece meal on the floor.The rights actually should not be more than 4.00

The last dividend was 43kobo and they want to sell rights at N4.50. They should continue

Valueinvestor:


Redstarexpress is undoubtedly a good stock (at least for those of us that are advocates of sufficient diversification),why 4.50 na,when we are getting it at 3.83 in piece meal on the floor.The rights actually should not be more than 4.00

rebekah2011:
The last dividend was 43kobo and they want to sell rights at N4.50. They should continue

You are actually right sir,the company is actually trying,we just have to give it to them,but you know, na that spirit of Oliver twist will always be there.(Dividend yield of 10% and above has always being the attraction.)

Please do you have an idea of the payment date

.

HOPE THE MARKET HAS FULLY RECOVERED OH!

HAPPY DAYS AHEAD FOR SURE!!

Valueinvestor:

You are actually right sir,the company is actually trying,we just have to give it to them,but you know, na that spirit of Oliver twist will always be there.(Dividend yield of 10% and above has always being the attraction.)

Please do you have an idea of the payment date

Dividend was paid last week Friday

I will be attending Deap Capital AGM tomorrow know the fate of my investment.

My story:
There is no perfect strategy to investment on NSE. Patience, Knowledge, Luck and Focus are ingredient with inside information. I was having CI leasing. I held on till N3, stock dipped to 1.78, share reconstruction came, price became 7.92. price rose to 9.20. later dipped to 7.20 to 6.05. in between I bought again. I held on because I thought with OS of 404 million I was sure of dividend of N1 plus, only to see in annual report of 1.3 billion shares OS. Declaring 7.5k dividend. I was angry, price began to fall to 4.95, I sold 5.50.
Though my pre reconstruction shares I bought at 60k, but made loses on my post reconstruction shares.
Now price is at 6.70.
What a life.

valentinenwoko:
My story:
There is no perfect strategy to investment on NSE. Patience, Knowledge, Luck and Focus are ingredient with inside information. I was having CI leasing. I held on till N3, stock dipped to 1.78, share reconstruction came, price became 7.92. price rose to 9.20. later dipped to 7.20 to 6.05. in between I bought again. I held on because I thought with OS of 404 million I was sure of dividend of N1 plus, only to see in annual report of 1.3 billion shares OS. Declaring 7.5k dividend. I was angry, price began to fall to 4.95, I sold 5.50.
Though my pre reconstruction shares I bought at 60k, but made loses on my post reconstruction shares.
Now price is at 6.70.
What a life.

Lesson: Run away from any stock the moment you hear the sound of RECONSTRUCTION.

owolabi5:
HOPE THE MARKET HAS FULLY RECOVERED OH!

HAPPY DAYS AHEAD FOR SURE!!

The ASI lost 0.21% today.
Note that Dangcem gained 0.91%, and MTN lost 4.4% - important because they distort NSE's ASI. (You can download an app called Yochaa, to see these info at a glance).
So what some folks are doing right now is buying stocks with historical good earnings, and good dividend yields e.g. Zenith bank.
Then some institutional fund managers, using TA tools, are buying some blue chip stocks at what Bullbear called ''resistance'' prices.
Overall, the market has not rebounded or recovered. Our pension and mutual fund managers are just buying, because they are mandated by law to buy, they are sitting on so much cash all the time, and they have to report back to their investors, about their performances. To buy ''what'' and ''when'' to buy, is ultimately your call.

valentinenwoko:
My story:
There is no perfect strategy to investment on NSE. Patience, Knowledge, Luck and Focus are ingredient with inside information. I was having CI leasing. I held on till N3, stock dipped to 1.78, share reconstruction came, price became 7.92. price rose to 9.20. later dipped to 7.20 to 6.05. in between I bought again. I held on because I thought with OS of 404 million I was sure of dividend of N1 plus, only to see in annual report of 1.3 billion shares OS. Declaring 7.5k dividend. I was angry, price began to fall to 4.95, I sold 5.50.
Though my pre reconstruction shares I bought at 60k, but made loses on my post reconstruction shares.
Now price is at 6.70.
What a life.

But you bought at 60kobo and price rose to N3, wetin u want again?

Agbalowomeri:


But you bought at 60kobo and price rose to N3, wetin u want again?

de story get as e be. Read again you go see say him buy at 60k, sell at 5.50. In fact ayam confused already. Goodnight joor

valentinenwoko:
My story:
There is no perfect strategy to investment on NSE. Patience, Knowledge, Luck and Focus are ingredient with inside information. I was having CI leasing. I held on till N3, stock dipped to 1.78, share reconstruction came, price became 7.92. price rose to 9.20. later dipped to 7.20 to 6.05. in between I bought again. I held on because I thought with OS of 404 million I was sure of dividend of N1 plus, only to see in annual report of 1.3 billion shares OS. Declaring 7.5k dividend. I was angry, price began to fall to 4.95, I sold 5.50.
Though my pre reconstruction shares I bought at 60k, but made loses on my post reconstruction shares.
Now price is at 6.70.
What a life.

Bro, what is your average entry price? How long have you held?