Amotekun is here too.

Hope is not mendes that brought her

pluto09:




Where have you been

Welcome

My oga, I went to preserve the little I made so far. LOL.

mendes911:


My oga, I went to preserve the little I made so far. LOL.

We are still holding paper profit o.........

Will join you people very soon as target for the season remain small

Although WAPCO has great POTENTIAL... I have left the TEAM for NOW (MONDAY-WEDNESDAY) but not COMPLETELY

THE BIG SMART GUY

godlyguy:
Although WAPCO has great POTENTIAL... I have left the TEAM for NOW (MONDAY-WEDNESDAY) but not COMPLETELY

THE BIG SMART

They don dey waka one by one.

LOL.

Federal Govt want to finish investors with VAT. Effective 1st February.

Mcy56:
Federal Govt want to finish investors with VAT. Effective 1st February.

But the effect is very minute (on share trading). Do the calculation...

I dey greet.

mendes911:
But the effect is very minute (on share trading). Do the calculation...
I dey greet.

This looks like multiple VAT deductions nah.

Welcome back boss. Where is my bread?

Mcy56:

This looks like multiple VAT deductions nah.

Welcome back boss. Where is my bread?

Nope. VAT falls only on the commission and not on the total transaction cost.

As you are maintianing paper profit, na "paper" bread I go declare for you naaa.

mendes911:
Nope. VAT falls only on the commission and not on the total transaction cost.

As you are maintianing paper profit, na "paper" bread I go declare for you naaa.

Lol. Which one be paper bread again? Dat one no go belleful nah.

I understand that there is a new SEC rule that mandates listed companies to release audited accounts within 60 days instead of the previous 90 days. If you are unable to do so, then you must release unaudited results within 30days. That is why we are seeing a flurry of activities from the lazy ones that will not be able to meet the deadline. Another interesting angle is that many auditors are going to be under serious tension because coys managements will not want their audited accounts to be significantly different from their unaudited figures. An interesting game going forward. SEC and NSE will have to be on their toes.

Shareholders groups will also have a lot of ammunition to deal with wicked Boards going forward.

WAPCO - 15.50.

Peter will come and tell us how he sold at N19.

LOL.

Back to 16.95. Last minute deal.

mendes911:
WAPCO - 15.50. Peter will come and tell us how he sold at N19.
LOL.

Chai!! Godlyguy don cause commotion there. Na wa o.

mendes911:
WAPCO - 15.50.

Peter will come and tell us how he sold at N19.

LOL.

He is trapped for NOW... WAPCO is still a good STOCK... Just that I've moved on to something else... Left just few for LOYALTY sake

THE BIG SMART GUY

godlyguy:


He is trapped for NOW... WAPCO is still a good STOCK... Just that I've moved on to something else... Left just few for LOYALTY sake

THE BIG SMART GUY

I pity those that were following you and Peter blindly.

LOL.

godlyguy:


He is trapped for NOW... WAPCO is still a good STOCK... Just that I've moved on to something else... Left just few for LOYALTY sake

THE BIG SMART GUY

Am curious,would like to know which stock you moved on to sir

mendes911:
I pity those that were following you and Peter blindly. LOL.

Think Mr. Market will do what Mr. Market will do. Some people bought because CP pointed it out sha.
We are learning.....

rebekah2011:
I understand that there is a new SEC rule that mandates listed companies to release audited accounts within 60 days instead of the previous 90 days. If you are unable to do so, then you must release unaudited results within 30days. That is why we are seeing a flurry of activities from the lazy ones that will not be able to meet the deadline. Another interesting angle is that many auditors are going to be under serious tension because coys managements will not want their audited accounts to be significantly different from their unaudited figures. An interesting game going forward. SEC and NSE will have to be on their toes.

Shareholders groups will also have a lot of ammunition to deal with wicked Boards going forward.

It may likely lead to employment of more hands to handle these audit jobs but whether temporary or permanent, one may not be too sure.
My thinking anyway

Hope the guy has not gotten wind of the results

Mcy56:

Think Mr. Market will do what Mr. Market will do. Some people bought because CP pointed it out sha.

mendes911:
Stanbic.

http://www.nse.com.ng/Financial_NewsDocs/28700_STANBIC_IBTC__HOLDINGS_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

We may be getting all these results by end of this month and then wait for audit and CBN's approval (as the case may be).

This might be the new plot twist to the whole drama.

Flat performance, both top line and bottom line but not a bad result for a conservative bank considering the very tough macro & regulatory environment. Probably, an inkling of what to expect in the banking industry re. FY2019 results -better results expected from the more aggressive and resilient banks. Second level thinking....

sellydion:
Hope the guy has not gotten wind of the results

It closed 16.95.
CP pointed it out and I blvd him. So also Agba and OGG. Guess the guy just came to capitalise on that to make quick gain ni.

mendes911:


I pity those that were following you and Peter blindly.

LOL.

Wapco is not a bad stock if picked at the right price.it could only be a bad investment when you overpay for it.

Another thing is that ,it is highly suicidal when a single stock makes the bulk of your portfolio in a developing market,where you see a Stock with great fundamentals tanks for no obvious reason,while a stock with poor/no fundamentals rallies astronomically.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28689_MEYER_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
All of these coys turning negative reports. This is not good for the market.

It is expected thus priced in... Sell-off would be limited. Don't be surprised if price goes upward, sha

mendes911:
WAPCO - 15.50.

Peter will come and tell us how he sold at N19.

LOL.

Back to 16.95. Last minute deal.

I did that by INTENTION... I maintain that It's still a good stock... They have good prospect MIDTERM

THE BIG SMART GUY

Exactly my TAKE... More GREEN TO YOUR PORTFOLIO

Valueinvestor:

Wapco is not a bad stock if picked at the right price.it could only be a bad investment when you overpay for it.

Another thing is that ,it is highly suicidal when a single stock makes the bulk of your portfolio in a developing market,where you see a Stock with great fundamentals tanks for no obvious reason,while a stock with poor/no fundamentals rallies astronomically.

I pity follow follow people. See how dem declare how they out smarted the market. Nice hair cut dear.

OakPearl:


Portfolio rebalancing 101.

More like, portfolio reshuffling cos it's still within the same asset class. If outside, then yes...

Marlianvestor:
It is expected thus priced in... Sell-off would be limited. Don't be surprised if price goes upward, sha

Who dey buy Meyer before. Except for the shell holders who still get am for their portmanteau. Jamace & Co.

Chibuking81:
Brent crude has bounce back, currently on 59.56 dollar. https://oilprice.com , it is a good news to stock market, especially this time because earning season do not need distraction.

Yep! Currently, the one and only mkt indicator to index your overall portfolio performance to...

godlyguy:
Although WAPCO has great POTENTIAL... I have left the TEAM for NOW (MONDAY-WEDNESDAY) but not COMPLETELY

THE BIG SMART GUY

Show me your shirt....

Marlianvestor:


It is expected thus priced in... Sell-off would be limited. Don't be surprised if price goes upward, sha

I don't think this one is going anywhere up soon.

godlyguy:
I did that by INTENTION... I maintain that It's still a good stock... They have good prospect MIDTERM

THE BIG SMART GUY

Did your father inlaw approach you for her daughter's bride price?