leo1234:

I don't see any pride in his comments.
The oracle only gave his opinion and to an extent he was right.
I still have my UBA and WAPCO, waiting for end of year financial report.
I wish I sold my UBA when it got to #9

If you have not sold, you have not loosed anything. Time changes all things

The most important thing is to know what you have bought and why you have bought, don't let the noise in the market place confuse you.

It is very possible that you have bought right and yet the share price can still depreciate, it is almost impossible to time the market. Trying to time the market, might make you miss opportunities in the market.

APR rights sold for N1.20k. N12 million will buy 10 million units, which earned a dividend of N3.6 million in 2018, N4.5 million in 2019 and N6.3 million in 2020. Generating a total dividend of N14.4 million after deduction of withholding tax in the last 3 years and capital appreciation of N38 million.

N1.20k was a good price for the right offer, as in it was appropriately priced. But not quite long after the right offer, the price still went down to close to 90k. Those who listened to the noise in the market place, sold and are no longer partakers of the wealth created by the company in the last 6 years.


Business and investing can be likened to a marathon race and not a Sprint. What investors need is patience, financial muscles and staying power. Cash flow will give the financial muscles, endurance and staying power

sellydion:
Bigjay01, I thought you are now a JIJO Apostle

In my lingo, JIJO does not mean day trading!

In the past, whatever i bought I had the intention of holding for ever. Nowadays, only few stock qualify for this treatment.

Also, in the past I over-diversified. Lately, I have begun to concentrate my portfolio with the view to holding the stock of a max of 15 companies.

Hence, if the events of this week continue, it will present an opportunity to target equities that satisfies this new paradigm.

Amen to your prayers Pastor. People that do TBs at 17% interest per annum and can afford to leave their cash for over a year getting afraid in a market where they stand the chance of getting returns close to 100%. Buy stocks that have been consistent in dividend payments. In the long run, it will not be a case of my capital has gone audio.

veecovee:


God bless you.

I think stock investment is more or less like bjhying a house.

Do you bhy house today and sell it tommorow?

Yes oooooo. Opportunity to pick more good stocks at a bargain

bigjay01:


In my lingo, JIJO does not mean day trading!

In the past, whatever i bought I had the intention of holding for ever. Nowadays, only few stock qualify for this treatment.

Also, in the past I over-diversified. Lately, I have begun to concentrate my portfolio with the view to holding the stock of a max of 15 companies.

Hence, if the events of this week continue, it will present an opportunity to target equities that satisfies this new paradigm.

Always dey gbadun your historical reports on some stocks. That is how to create wealth through continuous investment

emmanuelewumi:
The most important thing is to know what you have bought and why you have bought, don't let the noise in the market place confuse you.

It is very possible that you have bought right and yet the share price can still depreciate, it is almost impossible to time the market. Trying to time the market, might make you miss opportunities in the market.

APR rights sold for N1.20k. N12 million will buy 10 million units, which earned a dividend of N3.6 million in 2018, N4.5 million in 2019 and N6.3 million in 2020. Generating a total dividend of N14.4 million after deduction of withholding tax in the last 3 years and capital appreciation of N38 million.

N1.20k was a good price for the right offer, as in it was appropriately priced. But not quite long after the right offer, the price still went down to close to 90k. Those who listened to the noise in the market place, sold and are no longer partakers of the wealth created by the company in the last 6 years.


Business and investing can be likened to a marathon race and not a Sprint. What investors need is patience, financial muscles and staying power. Cash flow will give the financial muscles, endurance and staying power

RabbiDoracle:


Thank you o.

And then buy back lower.

Easier said than done.

We've tried some of those stuffs my dear. There's no yardstick to measure the low.

He may have bought, sold at lost, buy again, sell at lost and again and again, while trying to buy low.

IF YOU DON'T FEEL COMFORTABLE OWNIING A STOCK FOR 10:YEARS, YOU SHOULDN'T OWN IT FOR 10 MINUTES ...Warren Buffet.

Stop deceiving people here with your hit and run concept.

RabbiDoracle:


Hmmmm.....

Veecovee almost had a meltdown.

You are wrong my dear, for now I have stocks that are at their all time low like uacn, wapco and eti and can hold them for 10 yrs ... ceteris paribus.

Put in your bid, no go get at those prices. At least I tried one. Peter don tell you say naa cross trade.

Put in your offer they are likely to snap it

stcool:


Peter you have a point....the way price goes down and closes same price says a lot.

Time to start accumulation, tomorrow Lego!

At this point... Worst that can happen is Parent company makes a take over offer.

Even if after result comes out and price drops,I keep buying. Anybody willing to take over must pay above N45 in the future.

sellydion:
Put in your bid, no go get at those prices. At least I tried one. Peter don tell you say naa cross trade.

Put in your offer they would nap it

For me its time to buy...I don't put a bid at low when buying.

I just buy once I am convinced. Even if you buy at high of today and the stock gains 10% next day it means a lot.

rebekah2011:
if they have not sold and it is not a borrowed fund. Then they will be alright. No need to panic. Staying with 50m or 100m in the market for 3 years will turn great at some point.

The fact is that some of the present government's policies are not favourable to the stock exchange. However, I think this is the best time to buy, cause the another regime is coming after this.

veecovee:


Yes! He got it right, he tried, but ... what I really want to correct is repeating victory song over and over again

I understand the feeling.

emmanuelewumi:


Property developers build and sell, property investors build for steady cash flow.

UAC Property Development Place builds and sells, UPDC REIT buys investment property for cash flow.

Sir, I understand you, howbeit, it's apparent that you and I are not Property developers. The banks and other companies should be likened as (property developers) those that build the house. While you and I ... as buyers.

For sure, it takes the builders a lot of time to build, like wise we buyers needs time to recoup our investment

stcool:
Peter you have a point....the way price goes down and closes same price says a lot.
Time to start accumulation, tomorrow Lego!
At this point... Worst that can happen is Parent company makes a take over offer.
Even if after result comes out and price drops,I keep buying. Anybody willing to take over must pay above N45 in the future.

Tone don change. Well-done Sir.
Well, Wapco sold down to day's low of 13.95 and still closed 15.50 for the 2nd day. Some people picked at 13.95 junction today.
We're awaiting result with expectation of lots of improvement all things being equal.
CP identified this stock. OGG as well.
I think whosoever is interested should start looking this side small small.

Caveat: Na my own I talk, barring any unforeseen circumstance.
Peter come and take over your marketing, I don try, even if you no send me.

bisiki2:


They did not pay N1.50k last year. The payment was made in 2018 for 2017 FYE. I stand to be corrected.

No Sir. They paid #1.05k for 2017 FYE and then #1.50k for 2018 FYE. Do check and reconfirm.

Kashif:


Tough to imagine how you always carry other people's issues on your head like gala. Don't you get tired?

Same people different monikers
Una no dey tire to dey duplicate monikers

PETERiCHY:
You sold your FCMB. HONEYWELL and WAPCO at loss . So better deal with it and move on.

Meanwhile let the CROSS DEALS and FINISHING TOUCHES going on WAPCO keep getting you and Stcool confused till they released FY result.

You get bad mouth.

Mcy56:

Tone don change. Well-done Sir.
Well, Wapco sold down to day's low of 13.95 and still closed 15.50 for the 2nd day. Some people picked at 13.95 junction today.
We're awaiting result with expectation of lots of improvement all things being equal.
CP identified this stock. OGG as well.
I think whosoever is interested should start looking this side small small.

Caveat: Na my own I talk, barring any unforeseen circumstance.
Peter come and take over your marketing, I don try, even if you no send me.

Nobody is talking about good or bad...or are stocks like uba, gtb and zenith not good stocks.

We are talking about depressing price. Nobody said Peter bought a good or bad stock.

veecovee:


The fact is that some of the present government's policies are not favourable to the stock exchange. However, I think this is the best time to buy, cause the another regime is coming after this.

what of if you have exhausted all your bullets, wetin u go take buy again？ I invest with common sense, those that bought later will still make money more that someone who does average down stuff. I have practised it before at the end those that sold off and re enter later even made more money more than me. How will i grow my portfolio by not been dynamic in my approach to investment？ Who knows how long is going to take before market stabilise wth our fx reserve tanking everyday FPIs must be sure they dont caught in cross fire where no fx to repartrate their money back home so best bet to me stay out of market and watch the dust settles. I almost bought uba at N7.6 thinking it may not fall futher now if i had bought at 6.7 i will be making more more money than if bought at 7.5 so i must invest wt common sense！

stcool:
Nobody is talking about good or bad...or are stocks like uba, gtb and zenith not good stocks.
We are talking about depressing price. Nobody said Peter bought a good or bad stock.

Yessa.
....but I'm not talking about good or bad either. Just pointing out that you changed your tone again. Earlier you're waiting btw 10-13, but now you're ready to accumulate.
You have your reasons for your decisions but eerrmmm........not to sound too certain as if something is impossible some other time.....for the benefit of some other people.

Chai!! Make Una no vex, y'all will soon be seeing less of me in the forum.

aremso:


what of if you have exhausted all your bullets, wetin u go take buy again？ I invest with common sense, those that bought later will still make money more that someone who does average down stuff. I have practised it before at the end those that sold off and re enter later even made more money more than me. How will i grow my portfolio by not been dynamic in my approach to investment？ Who knows how long is going to take before market stabilise wth our fx reserve tanking everyday FPIs must be sure they dont caught in cross fire where no fx to repartrate their money back home so best bet to me stay out of market and watch the dust settles. I almost bought uba at N7.6 thinking it may not fall futher now if i had bought at 6.7 i will be making more more money than if bought at 7.5 so i must invest wt common sense！

No one knows tomorrow. It could have continued appreciating after you bought. Have a long term plan before buying

veecovee:


No one knows tomorrow. It could have continued appreciating after you bought. Have a long term plan before buying

This thing still dey pain you.

emmanuelewumi:
The most important thing is to know what you have bought and why you have bought, don't let the noise in the market place confuse you.

It is very possible that you have bought right and yet the share price can still depreciate, it is almost impossible to time the market. Trying to time the market, might make you miss opportunities in the market.

AP

I took a screenshot of the above. I need to internalize the wisdom in it. Eventually I have to invest in stocks that yield good dividends, as I age. What better time than a bear market to get such @ good prices!!! The challenge is that price fluctuations can be alarming. I need to work more on my self-control because there will always be noise.

Mcy56:

Yessa.
....but I'm not talking about good or bad either. Just pointing out that you changed your tone again. Earlier you're waiting btw 10-13, but now you're ready to accumulate.
You have your reasons for your decisions but eerrmmm........not to sound too certain as if something is impossible some other time.....for the benefit of some other people.

Chai!! Make Una no vex, y'all will soon be seeing less of me in the forum.

Mcy 10-13 na accumulation range na...

I don't even know if it would get to N10 that is why I will buy in tranches from tomorrow.

veecovee:


No one knows tomorrow. It could have continued appreciating after you bought. Have a long term plan before buying

What I know for sure is that if there are no day traders, long-termers will not be able to buy in order to keep for a life-time ! There is no right or wrong strategy in investment, just do what works for you depending on your situation/cash flow.

veecovee:


Easier said than done.

We've tried some of those stuffs my dear. There's no yardstick to measure the low.

He may have bought, sold at lost, buy again, sell at lost and again and again, while trying to buy low.

IF YOU DON'T FEEL COMFORTABLE OWNIING A STOCK FOR 10:YEARS, YOU SHOULDN'T OWN IT FOR 10 MINUTES ...Warren Buffet.

Stop deceiving people here with your hit and run concept.

10 years? When you read these investment books, try and adapt it to your locality o.

leo1234:


I understand the feeling.

You no well o U come dey talk say e pain am
Pastor, sorry eh. E pain u, mmm, we know Oya take leavened puff puff, chu something.

veecovee:


Easier said than done.

We've tried some of those stuffs my dear. There's no yardstick to measure the low.

He may have bought, sold at lost, buy again, sell at lost and again and again, while trying to buy low.

IF YOU DON'T FEEL COMFORTABLE OWNIING A STOCK FOR 10:YEARS, YOU SHOULDN'T OWN IT FOR 10 MINUTES ...Warren Buffet.

Stop deceiving people here with your hit and run concept.

Pastor Vee, u dont know Oracle strategy and stop guessing please. I am privileged to know his strategy, he buys at a very low price with good margin of safety, even if market drops further after buying, he keeps buying and getting dividends. Then when the market euphoria comes and people start giving ridiculously high prices stocks will get to, then he start to sell and handover his kaya to the market optimist that are waiting for wapco to hit 3 euros.
He is not a trader and doesn't look for 10-20% capital gain. He enters stocks at a ridiculous low price that can give him atleast 100%. A case study was the fidelity he bought at 80 Kobo and sold for 224% gain. He is someone I am privileged to know and also learn from his strategy. He has saved me millions of naira in terms of capital loss. He asked me to sell my uba during the last bull and told me my entry price of 7 naira was too high. Thank God I sold then, if not my uba would have gone back to a loss position in my portfolio.
He is of the strategy of if it doesn't poo, it must vomit but his point has always been buy low with good margin of safety as preached by the intelligent investor by Prof Ben Graham.

Jejebabaa:

Pastor Vee, u dont know Oracle strategy and stop guessing please. I am privileged to know his strategy, he buys at a very low price with good margin of safety, even if market drops further after buying, he keeps buying and getting dividends. Then when the market euphoria comes and people start giving ridiculously high prices stocks will get to, then he start to sell and handover his kaya to the market optimist that are waiting for wapco to hit 3 euros.
He is not a trader and doesn't look for 10-20% capital gain. He enters stocks at a ridiculous low price that can give him atleast 100%. A case study was the fidelity he bought at 80 Kobo and sold for 224% gain. He is someone I am privileged to know and also learn from his strategy. He has saved me millions of naira in terms of capital loss. He asked me to sell my uba during the last bull and told me my entry price of 7 naira was too high. Thank God I sold then, if not my uba would have gone back to a loss position in my portfolio.
He is of the strategy of if it doesn't poo, it must vomit but his point has always been buy low with good margin of safety as preached by the intelligent investor by Prof Ben Graham.

This is the kind of testimony I love to read. Only a few Nigerians show appreciation, they will still throw "olumo" at you even if they quietly learn from you. This is how it should be, not the unnecessary "rock" throwing. God bless you, sir!

Jejebabaa:

Pastor Vee, u dont know Oracle strategy and stop guessing please. I am privileged to know his strategy, he buys at a very low price with good margin of safety, even if market drops further after buying, he keeps buying and getting dividends. Then when the market euphoria comes and people start giving ridiculously high prices stocks will get to, then he start to sell and handover his kaya to the market optimist that are waiting for wapco to hit 3 euros.
He is not a trader and doesn't look for 10-20% capital gain. He enters stocks at a ridiculous low price that can give him atleast 100%. A case study was the fidelity he bought at 80 Kobo and sold for 224% gain. He is someone I am privileged to know and also learn from his strategy. He has saved me millions of naira in terms of capital loss. He asked me to sell my uba during the last bull and told me my entry price of 7 naira was too high. Thank God I sold then, if not my uba would have gone back to a loss position in my portfolio.
He is of the strategy of if it doesn't poo, it must vomit but his point has always been buy low with good margin of safety as preached by the intelligent investor by Prof Ben Graham.

E be like you go kee me today!

PETERiCHY:


While some of us are patiently waiting for Zenith @#16

Why not leave DIVIDEND HUNTERS and join BARGAIN HUNTERS so you can your PEACE of MIND.

JiJO is the best thing after slice bread.

CASH IS THE PRIORITY FOR NOW. Trade Carefully

RabbiDoracle:


The redness in your portfolio dey vex you abi.

Oya collect another red.

Sir, I think you are older than this taunting lifestyle