leo1234:

That means the dividend yield is close to 20% per year.
How can one invest in a company like this?

Less than 5%

emmanuelewumi:


Less than 5%

Thanks
Nigerian stocks are cheaper.

...and more volatile. I was reading some of Sir Emmanuel's past stocks analysis this past week and how he held some stocks for many years as a long term investor. But looking at the NSE of today, is it still possible to hold any stock for a lifetime or as long as 10-20 years?

leo1234:


Thanks
Nigerian stocks are cheaper.

seyisanya:
...and more volatile. I was reading some of Sir Emmanuel's past stocks analysis this past week and how he held some stocks for many years as a long term investor. But looking at the NSE of today, is it still possible to hold any stock for a lifetime or as long as 10-20 years?

It depends on growth of the business and if the business is selling at the its intrinsic value or below it.

The most important thing is to buy right,. most of the stocks bought during the banking and insurance consolidation exercise in 2006 werd sold at overvalued prices hence investors lost money.

seyisanya:
...and more volatile. I was reading some of Sir Emmanuel's past stocks analysis this past week and how he held some stocks for many years as a long term investor. But looking at the NSE of today, is it still possible to hold any stock for a lifetime or as long as 10-20 years?

Nigerian banks like uba, zenith, gtb are good for long term.
Nestle too has stood the test of time.

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emmanuelewumi:


It depends on growth of the business and if the business is selling at the its intrinsic value or below it.

The most important thing is to buy right,. most of the stocks bought during the banking and insurance consolidation exercise in 2006 werd sold at overvalued prices hence investors lost money.

The bolded is so true.
Meanwhile, for some of us who seem to be late to this party, do you consider the current value of Nestlé's shares as being overpriced?
Will you advise an investor who specializes in long-term investment to buy it as is?
Which of the following stocks would you advise one to buy now: PZ, Unilever, Nestlé and DANGSUGAR? Kindly arrange in order of your preference, starting with your most preferred.

Thank you.

MARKET WEEKLY WRAP UP - WEEK ENDED 27 DEC
On Friday market closed slightly lower again compared with the previous week, with the index losing 0.41% for the week closing with the figure of 26,416.48. Long term, we are still in a down trend trending wave A of uprising Elliot wave. Thus, temporary rise in price is expected soon.

Our stock picks report for the 2020 1st quarter are now being revealed.

Stop losing money in the market, join our subscribers and make money.

See our take on Access/Transcorp below.


There is a comment for virtually all the major equities to ensure that you do not lose your money in this difficult market, especially considering the fact that you are competing with market makers, big funds etc. who have Access to reports like ours and more. Do not be left in the cold in this market. Get our reports do not let the people who have reports like this take away your money!!!

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Etfash:


The bolded is so true.
Meanwhile, for some of us who seem to be late to this party, do you consider the current value of Nestlé's shares as being overpriced?
Will you advise an investor who specializes in long-term investment to buy it as is?
Which of the following stocks would you advise one to buy now: PZ, Unilever, Nestlé and DANGSUGAR? Kindly arrange in order of your preference, starting with your most preferred.

Thank you.

For short term play PZ is okay at the current price, but the chartists can tell us what the chart is saying.

Dangote Sugar should give you a dividend yield of 10% in the next 40 months.

The third quarter financials of Unilever is not encouraging.

Why don't you look at the direction of the banks, building materials, food and beverages, agricultural sectors

leo1234:

Nigerian banks like uba, zenith, gtb are good for long term.
Nestle too has stood the test of time.

But regular monitoring, to ensure that the businesses are still delivering good performances

Many thanks for your response, sir.

emmanuelewumi:


It depends on growth of the business and if the business is selling at the its intrinsic value or below it.

The most important thing is to buy right,. most of the stocks bought during the banking and insurance consolidation exercise in 2006 werd sold at overvalued prices hence investors lost money.

Thanks for your input, sir. In my opinion, I think Nestle is now overpriced. I have UBA but waiting for good entry points for Zenith and GTBank. I hope they become available at a bargain price soon.

leo1234:

Nigerian banks like uba, zenith, gtb are good for long term.
Nestle too has stood the test of time.

emmanuelewumi:


For short term play PZ is okay at the current price, but the chartists can tell us what the chart is saying.

Dangote Sugar should give you a dividend yield of 10% in the next 40 months.

The third quarter financials of Unilever is not encouraging.

Why don't you look at the direction of the banks, building materials, food and beverages, agricultural sectors

Thank you so much sir.

Which of the companies that specialize in the bolded would you recommend?

Also, is it a good time to buy Nestlé shares?

Etfash:


Thank you so much sir.

Which of the companies that specialize in the bolded would you recommend?

Also, is it a good time to buy Nestlé shares?

I don't know how long you have been buying shares, I won't advise a starter to start with Nestle shares.

It is a defensive stock, some people invest their stock market loot in real estate, Treasury Bills and defensive stocks like Nestle for safety and diversification.

leo1234:

That means the dividend yield is close to 20% per year.
How can one invest in a company like this?

Dont even bother looking for how to invest with Scotia Bank. The dividend is sweet but after tax deductions both provincial and federal with other deductions, u go carry vex enter ur bedroom �

needful:


Dont even bother looking for how to invest with Scotia Bank. The dividend is sweet but after tax deductions both provincial and federal with other deductions, u go carry vex enter ur bedroom �

needful:


Dont even bother looking for how to invest with Scotia Bank. The dividend is sweet but after tax deductions both provincial and federal with other deductions, u go carry vex enter ur bedroom �

Will the tax be more than 10%.

A.G. Leventis Nigeria Shares Under Full Suspension
https://businesspost.ng/economy/a-g-leventis-nigeria-shares-under-full-suspension/

Investors Buy N251bn OMO Bills at 13.28%
https://businesspost.ng/economy/investors-buy-n251bn-omo-bills-at-13-28/

C&I Leasing Extends Closing Date for Rights Issue
https://businesspost.ng/economy/ci-leasing-extends-closing-date-for-rights-issue/

Stock Investors Gain N157bn After Christmas
https://businesspost.ng/economy/stock-investors-gain-n157bn-after-christmas/

Naira Depreciates to N362/$ at Black Market Friday
https://businesspost.ng/economy/naira-depreciates-to-n362-at-black-market-friday/

Major NASD Exchange Indices Close Flat After Christmas Break
https://businesspost.ng/economy/major-nasd-exchange-indices-close-flat-after-christmas-break/

Cost of Doing Business in Nigeria to Rise 2020—LCCI
https://businesspost.ng/economy/cost-of-doing-business-in-nigeria-to-rise-2020-lcci/

Crude Oil Trades Mixed at Global Market Friday
https://businesspost.ng/economy/oil-trades-mixed-at-global-market-friday/

@ Mcy56, it is confirmed that AG Leventis shareholders were paid 70k

seyisanya:
...and more volatile. I was reading some of Sir Emmanuel's past stocks analysis this past week and how he held some stocks for many years as a long term investor. But looking at the NSE of today, is it still possible to hold any stock for a lifetime or as long as 10-20 years?

I have had some active ones for 12yrs+ and counting. Conoil for 16+ yrs. Rak Unity I thought was dead, I've had for close to 29yrs.

It works for me! Family chop money etc does not depend on it. I can weather the storm by hibernating in bad times

My old boy and my mentor is 83. He still has has stock bought in early 1970s. Go figure!

seyisanya:
Thanks for your input, sir. In my opinion, I think Nestle is now overpriced. I have UBA but waiting for good entry points for Zenith and GTBank. I hope they become available at a bargain price soon.

Zenith can still do 17.80 intraday. So watch that space.

Just as GTB did 28 intraday.

Fidelity can still do 1.96 intraday.

yok:
MARKET WEEKLY WRAP UP - WEEK ENDED 27 DEC
On Friday market closed slightly lower again compared with the previous week, with the index losing 0.41% for the week closing with the figure of 26,416.48. Long term, we are still in a down trend trending wave A of uprising Elliot wave. Thus, temporary rise in price is expected soon.

Our stock picks report for the 2020 1st quarter are now being revealed.

Stop losing money in the market, join our subscribers and make money.

See our take on Access/Transcorp below.


There is a comment for virtually all the major equities to ensure that you do not lose your money in this difficult market, especially considering the fact that you are competing with market makers, big funds etc. who have Access to reports like ours and more. Do not be left in the cold in this market. Get our reports do not let the people who have reports like this take away your money!!!

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

Bloda (igbo accent) , Access don waka.

UCAP can still get to N2 before picking up speed higher.

PETERiCHY:


RabbiDoracle is now operating an OBSELETE oracle

UACN monthly kumo is too thick to cut through in just one rise. So it will need to make several lows sef. The rise you see now (in UACN) is nothing but a trap. You will learn it later.

Once it falls below 7, just use TA to know the right price to buy.

Quite inspiring sir, thanks for sharing. Can you please give a list of some of the stocks you've had for more than 12 years?. Your dad must be heavily invested in Nestle - it is the stock of papas/mamas dem no b 4 boys like me...lol. By the way, were you referring to Rak Unity that currently sits at 30kobo? That stock seems to be dead. Abi? How much did you buy it 29 years ago? Trying to learn from elders here.

bigjay01:


I have had some active ones for 12yrs+ and counting. Conoil for 16+ yrs. Rak Unity I thought was dead, I've had for close to 29yrs.

It works for me! Family chop money etc does not depend on it. I can weather the storm by hibernating in bad times

My old boy and my mentor is 83. He still has has stock bought in early 1970s. Go figure!

emmanuelewumi:


Will the tax be more than 10%.

Yes sir, is about 15% but the good thing for the resident of canada is, when filling for the income tax, one may claim it on the basis of household low income. But for non resident, I really do not no what may happen

Very true, but quite hard to do. However, I was able to get ETI @ N6 on Monday before the Xmas holiday.

RabbiDoracle:


Zenith can still do 17.80 intraday. So watch that space.

Just as GTB did 28 intraday.

Fidelity can still do 1.96 intraday.

seyisanya:
Ma, something tells me you have millions of units of Transcorp shares in your portfolio...2020 better be Transcorp year of great return...else...

Lol..

OBAGADAFFI:
Guys, has anyone use Trove to buy US stocks here?

I use Trove.
Currently enjoying a $2.33 per share gain on Virgin Galactic bought 10th December.

I nurtured a thought of opening a tread on US Stocks picks on Nairaland but yet to commence for time sake.

OakPearl:


I use Trove.
Currently enjoying a $2.33 per share on Virgin Galactic bought 10th December.

I nurtured a thought of opening a tread on US Stocks picks on Nairaland but yet to commence for time sake.

Thanks what is the Minimum amount to start?

How do you get dividends into Naira or Domiciliary account.

RabbiDoracle:


Zenith can still do 17.80 intraday. So watch that space.

Just as GTB did 28 intraday.

Fidelity can still do 1.96 intraday.

i will book mark this

OBAGADAFFI:


Thanks what is the Minimum amount to start?

How do you get dividends into Naira or Domiciliary account.

I don't think there is minimum.

Your dividends are credited to your trading account.

You decide whether to withdraw or trade with same.