ositadima1:


Sir, I am trying to get a grip on this biz. I noticed that some stocks have very low turnover, for example Conoil turnover for yesterday was 37000 naira only.

Does it mean that people are hording or that people dont fancy it for now? I don't see how the later is possible as the the stock price would have dropped.

By d way, Conoil looks like a great company to own shares in with their last dividend at 150 kobo per stock. I see potential too as regards to its value of 20 naira.

last dividend was actually 200k

DeRuggedProf:


CP, FXUSER, BBM Agba has just scheduled a board meeting for you. We await the outcome.
Agba and Oracle must stay out of the meeting venue.......

Agba is now preaching caution.

Is it Agba that is lagging or his tool?

Agbalowomeri:


Paranoia gets you nowhere jare
My portfolio is only roughly 50% up
Needs additional 150%

Oga Agba. You don sell.

Leave yans and enjoy your loot.

Cadillac15:





Oga Agba. You don sell.

Leave yans and enjoy your loot.

You sabi whether I even get portfolio ni

Agbalowomeri:


First the new week will clarify
A second bottom on the monthly is still within the bullish pattern if it happens
Whichever way, the market is gonna be bullish in the medium term
UACN run is independent of the general market outlook and we all know why
So holding cash is out of the picture

Na una dey buy UACN na. I need easy entry and exit for my tasere fund.

Agbalowomeri:


You sabi whether I even get portfolio ni

I sabi you pass that level. You na boss

Should i post that picture again?

Cadillac15:


I sabi you pass that level. You na boss

Should i post that picture again?

You are jeloxing my portfolio Lol
Chai see green

Agbalowomeri:


You are jeloxing my portfolio Lol
Chai see green

The land is green

Make una allow my bosses correct me joor whether the divergence wrong

Please house, I sent e-dividend mandate to Afriprud and they are asking for
1. Evidence of purchase of shares, and
2. Valid ID card
They also said they don't have my specimen signature that I should liaise with my broker to process CSCS transfer form.
Have those processes not been scrapped? I just decided to redo the e-dividend, because I registered on the portal through my bank, but all the others paid only them have refused to pay.
Please what should I do next?

Jerekre:
Please house, I sent e-dividend mandate to Afriprud and they are asking for
1. Evidence of purchase of shares, and
2. Valid ID card
They also said they don't have my specimen signature that I should liaise with my broker to process CSCS transfer form.
Have those processes not been scrapped? I just decided to redo the e-dividend, because I registered on the portal through my bank, but all the others paid only them have refused to pay.
Please what should I do next?

If you bought your stocks on the exchange, go to the brokerage house and fill the edividend mandate there, plese use the form your broker gives you as there is a place for them to sign, also if you have problems with stuffs like shareholders number, they usually supply those nitty picky details for you faster than registrars........ Finally you would need a bankers confirmation of signature addressed to the registrar, If your brokerage house would submit to the registrar, please follow their instruction as this would save you cost of processing Bankers confirmation of Signature for the stocks in your possession

emmanuelewumi:


Not a liquid stock, the chairman Mike Adenuga has about 90% of the shares and he doesn't trade his shares, the remaining 10% shares are owned by old shareholders who are retirees. Retirees hardly trade, the dividends from the stocks will take care of their expenses.

But Conoil is consistent with dividend payments.

I need a clarification pls.
Lets say I have 1000 shares with conoil at current market price of 20naira . How much dividend would I be entitled to if they declare 2 naira for every 50 kobo ordinary share?
I'm confused by that 50kobo

Bbbwings:

I need a clarification pls.
Lets say I have 1000 shares with conoil at current market price of 20naira . How much dividend would I be entitled to if they declare 2 naira for every 50 kobo ordinary share?

N2000, but you will pay a withholding tax of N200 being 10% of the gross dividend.

Net dividend of N1800

maishai:
If you bought your stocks on the exchange, go to the brokerage house and fill the edividend mandate there, plese use the form your broker gives you as there is a place for them to sign, also if you have problems with stuffs like shareholders number, they usually supply those nitty picky details for you faster than registrars........ Finally you would need a bankers confirmation of signature addressed to the registrar, If your brokerage house would submit to the registrar, please follow their instruction as this would save you cost of processing Bankers confirmation of Signature for the stocks in your possession

Thank you

emmanuelewumi:


N2000, but you will pay a withholding tax of N200 being 10% of the gross dividend.

Net dividend of N1800

Thanks.

Cadillac15:

This is a true definition of "LET me COME and be GOING"
You said you are bullish = Encouragement
Your Data says Caution = Discouragement
Your UACN is for Q2 = I am not trading right now
I can bet my last kobo that you have sold and left the market too.
I pity those you are deceiving.
Ekuu UACN ooo

Cadillac15:


Oga Agba. You don sell.
Leave yans and enjoy your loot.

i can bet my portfolio Agba never sell anything

i predicted on this forum what Agba will BUY even before he announce he bought UACN in first week of January

if i no sabi anything i sabi read Agba and oracle mind/body language well well, all my stock investment strategy build around them

Agba still have uacn in his porfolio though he mention N20 to be his selling junction but he will sell before the N20 except if the mkt pointing to something great, if that so Agba will likely hold uacn beyond this year

oracle concentrated on banking portfolio he sold all or left with insignificant stock in his portfolio. i no blame him cos if all this cbn policy affect banks to declare reduce earnings with less dividend compare to the previous year na die be that plus the event around the world he believes it time to hold cash so those saying oracle is looking to reenter the mkt are very wrong, not at this time oracle selling shouldn't be surprise even when he was jn bullish mood yet keep cautioning investors on d possibility of QE , devaluation, world recession etc coming soon this year. he took d risk of holding till this year self i expect him to hav jaaa since December

finaly those two can joke but doesn't deceive

emmanuelewumi:


N2000, but you will pay a withholding tax of N200 being 10% of the gross dividend.

Net dividend of N1800

minus bank charges, stamp duty what remains is about 1730

maishai:
minus bank charges, stamp duty what remains is about 1730

After Nkwobi, you are even left with Guinness grabbing your shirt....

Please is there any whatsapp group, that i can join. I really want to learn all i could on stock marketing but I don’t have anyone around to teach me. I just fell a victim of fraud from one silly idiot during my quest for been part of this.


Please if you are willing to help, this is my Whatsapp line or pls drop yours so i can connect with you.

crownthanks:
Please is there any whatsapp group, that i can join. I really want to learn all i could on stock marketing but I don’t have anyone around to teach me. I just fell a victim of fraud from one silly idiot during my quest for been part of this.


Please if you are willing to help, this is my Whatsapp line or pls drop yours so i can connect with you. 08068154011

And you are still dropping your number here.

fxuser:


Awon ti transcorp
- d supply holding ur break out is almost finished , dis cud be ur week


a little TA update from my JJC notes
- N1.10 is very important , acted as major support from 2018 to 2019 July

Transcorp folks
- N1.10 remains important , price still stuck in a range for months. .
- range offer no love , ur capital becomes very lazy

#random

in light of Bullish Trend, some simple tips :

Ten things traders need to know about moving averages.

1. The 21-day moving average commonly marks the short-term trend, the 50-day moving average the intermediate trend, and the 200-day moving average the long-term trend of the market. The SPY is generally the best tracking ETF for the market in general.

2. In sharply trending markets I have found the 5 day exponential moving average and the 10 day simple moving averages to have meaning as entries and exits to help manage my positions when the longer term moving averages are too far away.

3. Exponential Moving Averages apply more weight to recent price changes, while Simple Moving Averages view each data point in the time frame equally.

4. SMAs let you see where other traders both big and small are buying and selling. The meaning of moving averages as support and resistance points on charts are a result of how other traders are reacting when they are touched by price.

5. Where the price on the chart is in relation to the 200-day moving average is an indication of whether we are in a bull or bear market. Generally speaking bulls keep their confidence to stay long above the 200-day moving average, while bears like to sell short below it. Bears usually win and sell into rallies below this line, and bulls like to buy into pull backs above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. many long term trend following systems are built with this as a primary indicator.

6. When the 50-day moving average pierces the 200-day moving average in either direction, it supposedly predicts a substantial shift in buying and selling behavior. The 50-day moving average rising through the bottom to get above the 200-day moving average is called a Golden Cross which is bullish, while the bearish piercing of the 50 day coming from above and falling beneath the 200 day is called a Death Cross.

7. A great second chance entry on a hot stock is a retaking or bouncing off a 50 day moving average for the specific stocks chart. Many institutional buyers are waiting at the 50 day sma to add to their long term positions.

8. Getting a monster stock with huge future earnings potential at the 200 day is like a gift from the trading gods and usually happens as we come out of a bear market. However if the 200 day is lost it is very dangerous and could begin a fall with no net, this is a time to short the old leaders that may go into death plunges.

9. Some traders use systems that give buy and sell signals when a shorter term moving average crosses over a longer one. Legendary trend trading pioneer Richard Donchian used a five and twenty day moving average cross over system for buy and sell signals.

10. Some traders watch for when a moving average begins to slope upwards or downwards and consider it as a signal of a trend beginning, continuing, or changing.

Each trader must decide how to incorporate moving averages into their own system and time frame. If you are not familiar with them I urge you to pull up the daily chart of your favorite trading vehicle and add in the 5 day ema, 10 day sma, and 50 day sma and look for trending patterns, it may surprise you

link:
https://www.newtraderu.com/2013/05/26/ten-things-traders-need-to-know-about-moving-averages-2/

@CP,

Oracle style of trading is different from Agba. I observe he is an expert in JIJO. He calls for many BULLS causing a lot of bull traps for those that followed him. When the actual bull came he bailed out prematurely due to his style, he should not encourage newbes to follow suit.Very dangerous style when you can not deceiver when the environment has changed. Peter called it quick ejaculation- I laugh

Agba, combines TA with FA, UACN is an old stock, the historical pricing has usually been 17-21 Naira. When you bailed out at N8 for a stock like that, you are leaving a lot on the table. Agba is aware of this, he does not want that to happen. This is how serious money is made.

When the market is on steriod , it is different ball game when we are in a choppy market. Agba had been a fundamentalist before adding technical, making him a well rounded trader.

The caveat given by Agba should be monitored, though the level is strong, but I am seeing the market breaking it to the upside. I would be watching price action like hawk here using GTB as a barometer. If GTB stall its movement, then expect the market to have a temporary halt or a takover by bear.

currentprice:




i can bet my portfolio Agba never sell anything

i predicted on this forum what Agba will BUY even before he announce he bought UACN in first week of January

if i no sabi anything i sabi read Agba and oracle mind/body language well well, all my stock investment strategy build around them

Agba still have uacn in his porfolio though he mention N20 to be his selling junction but he will sell before the N20 except if the mkt pointing to something great, if that so Agba will likely hold uacn beyond this year

oracle concentrated on banking portfolio he sold all or left with insignificant stock in his portfolio. i no blame him cos if all this cbn policy affect banks to declare reduce earnings with less dividend compare to the previous year na die be that plus the event around the world he believes it time to hold cash so those saying oracle is looking to reenter the mkt are very wrong, not at this time oracle selling shouldn't be surprise even when he was jn bullish mood yet keep cautioning investors on d possibility of QE , devaluation, world recession etc coming soon this year. he took d risk of holding till this year self i expect him to hav jaaa since December

finaly those two can joke but doesn't deceive

fxuser:

in light of Bullish Trend, some simple tips :

Ten things traders need to know about moving averages.

1. The 21-day moving average commonly marks the short-term trend, the 50-day moving average the intermediate trend, and the 200-day moving average the long-term trend of the market. The SPY is generally the best tracking ETF for the market in general.

2. In sharply trending markets I have found the 5 day exponential moving average and the 10 day simple moving averages to have meaning as entries and exits to help manage my positions when the longer term moving averages are too far away.

3. Exponential Moving Averages apply more weight to recent price changes, while Simple Moving Averages view each data point in the time frame equally.

4. SMAs let you see where other traders both big and small are buying and selling. The meaning of moving averages as support and resistance points on charts are a result of how other traders are reacting when they are touched by price.

5. Where the price on the chart is in relation to the 200-day moving average is an indication of whether we are in a bull or bear market. Generally speaking bulls keep their confidence to stay long above the 200-day moving average, while bears like to sell short below it. Bears usually win and sell into rallies below this line, and bulls like to buy into pull backs above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. many long term trend following systems are built with this as a primary indicator.

6. When the 50-day moving average pierces the 200-day moving average in either direction, it supposedly predicts a substantial shift in buying and selling behavior. The 50-day moving average rising through the bottom to get above the 200-day moving average is called a Golden Cross which is bullish, while the bearish piercing of the 50 day coming from above and falling beneath the 200 day is called a Death Cross.

7. A great second chance entry on a hot stock is a retaking or bouncing off a 50 day moving average for the specific stocks chart. Many institutional buyers are waiting at the 50 day sma to add to their long term positions.

8. Getting a monster stock with huge future earnings potential at the 200 day is like a gift from the trading gods and usually happens as we come out of a bear market. However if the 200 day is lost it is very dangerous and could begin a fall with no net, this is a time to short the old leaders that may go into death plunges.

9. Some traders use systems that give buy and sell signals when a shorter term moving average crosses over a longer one. Legendary trend trading pioneer Richard Donchian used a five and twenty day moving average cross over system for buy and sell signals.

10. Some traders watch for when a moving average begins to slope upwards or downwards and consider it as a signal of a trend beginning, continuing, or changing.

Each trader must decide how to incorporate moving averages into their own system and time frame. If you are not familiar with them I urge you to pull up the daily chart of your favorite trading vehicle and add in the 5 day ema, 10 day sma, and 50 day sma and look for trending patterns, it may surprise you

link:
https://www.newtraderu.com/2013/05/26/ten-things-traders-need-to-know-about-moving-averages-2/

Using Moving averages
Good Vid:


https://www.youtube.com/watch?v=jdYNaE5GJ0k
14 mins

- dont fret
#KeepSimple

Does anyone on this forum trade with short selling on the NSE?
I previously thought it was not possible but found a link on the NSE site : -
http://www.nse.com.ng/products/equities/short-selling

Asked a few of the stock trading firms and they all said they don't do it and instead offered the option of Margin lending which is very different
Any advice/Info on the matter would be greatly appreciated
I brought it up because without short selling the market has an advantage of 2/3 against the investors 1/3 for profit opportunity
Thanks Sirs

@ sellydion, Oracle I know is not jijo person. I think he sold to buy more quantity with the proceed later in the year. It is a calculated exit with his forward looking event that may likely tank d mkt this year. Hope he is wrong sha cos I am fully inside d mkt like every one here

The previous fidelity he sold around January 2018 was held for about 4 years

fxuser:

in light of Bullish Trend, some simple tips :

Ten things traders need to know about moving averages.

1. The 21-day moving average commonly marks the short-term trend, the 50-day moving average the intermediate trend, and the 200-day moving average the long-term trend of the market. The SPY is generally the best tracking ETF for the market in general.

2. In sharply trending markets I have found the 5 day exponential moving average and the 10 day simple moving averages to have meaning as entries and exits to help manage my positions when the longer term moving averages are too far away.

3. Exponential Moving Averages apply more weight to recent price changes, while Simple Moving Averages view each data point in the time frame equally.

4. SMAs let you see where other traders both big and small are buying and selling. The meaning of moving averages as support and resistance points on charts are a result of how other traders are reacting when they are touched by price.

5. Where the price on the chart is in relation to the 200-day moving average is an indication of whether we are in a bull or bear market. Generally speaking bulls keep their confidence to stay long above the 200-day moving average, while bears like to sell short below it. Bears usually win and sell into rallies below this line, and bulls like to buy into pull backs above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. many long term trend following systems are built with this as a primary indicator.

6. When the 50-day moving average pierces the 200-day moving average in either direction, it supposedly predicts a substantial shift in buying and selling behavior. The 50-day moving average rising through the bottom to get above the 200-day moving average is called a Golden Cross which is bullish, while the bearish piercing of the 50 day coming from above and falling beneath the 200 day is called a Death Cross.

7. A great second chance entry on a hot stock is a retaking or bouncing off a 50 day moving average for the specific stocks chart. Many institutional buyers are waiting at the 50 day sma to add to their long term positions.

8. Getting a monster stock with huge future earnings potential at the 200 day is like a gift from the trading gods and usually happens as we come out of a bear market. However if the 200 day is lost it is very dangerous and could begin a fall with no net, this is a time to short the old leaders that may go into death plunges.

9. Some traders use systems that give buy and sell signals when a shorter term moving average crosses over a longer one. Legendary trend trading pioneer Richard Donchian used a five and twenty day moving average cross over system for buy and sell signals.

10. Some traders watch for when a moving average begins to slope upwards or downwards and consider it as a signal of a trend beginning, continuing, or changing.

Each trader must decide how to incorporate moving averages into their own system and time frame. If you are not familiar with them I urge you to pull up the daily chart of your favorite trading vehicle and add in the 5 day ema, 10 day sma, and 50 day sma and look for trending patterns, it may surprise you

link:
https://www.newtraderu.com/2013/05/26/ten-things-traders-need-to-know-about-moving-averages-2/

Nice one bro.

Okay. No problem. It is well

currentprice:
@ sellydion, Oracle I know is not jijo person. I think he sold to buy more quantity with the proceed later in the year. It is a calculated exit with his forward looking event that may likely tank d mkt this year. Hope he is wrong sha cos I am fully inside d mkt like every one here

The previous fidelity he sold around January 2018 was held for about 4 years

;

RabbiDoracle:


So he used his funds to acquire another bank.

Ekuu ise.

When you see am where una dey hangout ask am.

Bbbwings:

I need a clarification pls.
Lets say I have 1000 shares with conoil at current market price of 20naira . How much dividend would I be entitled to if they declare 2 naira for every 50 kobo ordinary share?
I'm confused by that 50kobo

50 kobo ordinary shares is the norminal value at the point of creating and registering the shares to arrive at the issued and paid up capital.

Agbalowomeri:
Make una allow my bosses correct me joor whether the divergence wrong

Keeping a cool head in the midst of stones says a lot.
Big ups!

Investors Focus On Full-Year Earnings, Target Juicier Dividend Growth Potentials


Market Update for January 15
Stocks closed lower for the second day at the midweek on the Nigerian Stock Exchange as volatility and profit booking continued, despite the less-than-average traded volume traded during the session. This is yet another signal that market players are treading cautiously, besides an unwillingness to sell due to the seeming improved buying interest in the final minutes of the session.

Since liquidity remains one of the major fundamentals that drive prices in equity markets, the further crash of Treasury Bill rate across all maturities remains a plus for the market, especially with the lowest bid rate for 364-day at 4%; while the 91 and 182-day instruments stop rate was 2.95% and 3.95% respectively. The decline in rates resulted from oversubscription due to the excess liquidity in the financial market, after more OMO investments matured on Wednesday and the funds could not be rolled over due to restrictions placed by the Central Bank of Nigeria.
The bull-run on the equity market is expected to resume after this pullback or correction that is driven by short-term profit takers.
Also, the NSE’s securities lending operation is likely to further improve market liquidity, just as the new Finance Act recently signed into law will boost returns in the stock market, given that there is no longer Withholding Tax on dividends.

The improved economic activities witnessed in the last quarter of 2019 are likely to impact positively on full-year financials of companies which in turn may increase the payout of some listed companies, which will support the share prices going forward.
Meanwhile, volatility and the mixed trend continued at the midweek as the NSE’s Index opened the session on the downside and oscillated between midday and afternoon on renewed demand for some stocks. This was after the composite All-Share index touched intraday low of 28,855.22 basis points to breakdown the 29,000 mark from its high of 29,094.14bps, before finishing the session lower at 29,082.50bps.

Market technicals for the session were negative and weak, with volume traded lower than the previous session’s, as market breadth favoured the bears, amidst an improved ‘buy’ sentiments, as revealed by Investdata’s Sentiment Report of 87%, buy position and 13% sell volume.
The day’s total transaction volume index stood at 1.14, just as the energy behind the day’s performance remained strong, although looking down as Money Flow Index read 73.37points, from the previous 78.43ps. This is an indication that funds left some stocks and the general market.

Index and Market Caps
The benchmark NSEASI, at the end of the session’s trading, lost 220.65bps, closing at 29,082.50bps from the 29,283.15bps, representing a 0.75% decline. Also, market capitalization fell by N113.82bn, closing at N14.99tr from its opening value of N15.11tr, representing a 0.75% value loss.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of most revered traders and investors in corporate Nigeria to our watchlist. These stocks are with double potentials.
To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.
The day’s decline was driven by profit-taking in stocks like MTN Nigeria, BUA Cement, Dangote Sugar, Access Bank, Ecobank Transnational Incorporated, International Brewery, Oando, and Wema Bank, among others. This impacted negatively on the NSE’s Year-to-Date gain, reducing it to 8.27%. Market capitalization YTD slipped to N2.03tr, representing a 15.70% growth over the year’s opening value.

Bearish Sector Indices
All the sectoral performance indexes closed lower, except for the NSE Insurance Index that gained 0.33%, while NSE Industrial Goods led the decliners after losing 1.30%, followed by Banking and Consumer Goods which lost 0.21% each.
Market breadth was negative with decliners outpacing advancers in the ratio of 17:11, while market activities dropped in volume and value traded by 54.37% and 56.6% respectively to 380.08m worth N2.83bn shares, from the previous day 666.78m units valued at N6.52bn. The day’s volume was driven by trades in shares of Morison Industry, Access Bank, UBA, Zenith Bank and Transcorp Plc.
Beta Glass and Cornerstone were the best-performing stocks as they chalked 10% and 9.45% respectively to close at N64.90 and N0.58 per share, on market forces and sentiments. On the flip side, Livestock Feeds and Sovereign Trust Insurance lost 9.09% each, closing at N0.50 and N0.20 on profit-taking.

Market Outlook
We expect mixed performance and profit-taking to persist, just as position-taking on pullbacks as investors take advantage of price correction, ahead of the release of Nigeria’s December inflation data, as well as next week’s first Monetary Policy Committee meeting for the year 2020, and full-year earnings reports of companies. This is also against the backdrop of the prevailing low-interest rate regime in the money market.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst changing sentiments in the hope of improved liquidity and positive economic indices which had pushed the market out of the bearish zone.
We see Investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the New Year. This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.


https://investdata.com.ng/2020/01/investors-focus-on-full-year-earnings-target-juicier-dividend-growth-potentials/#more