COVID-19 Scare: 16 Stocks Hit 52-Week Lows at NSE Monday
https://businesspost.ng/economy/covid-19-scare-16-stocks-hit-52-week-lows-at-nse-monday/

Crude Oil to Rally This Week as OPEC+ Meets
https://businesspost.ng/economy/crude-oil-to-rally-this-week-as-opec-meets/

Unlisted Securities Market Flat for 9th Straight Day on Monday
https://businesspost.ng/economy/unlisted-securities-market-flat-for-9th-straight-day-on-monday/

Oil Jumps 5% to $52 on Hopes of OPEC Cut
https://businesspost.ng/economy/oil-jumps-5-to-52-on-hopes-of-opec-cut/

mendes911:


Are you a trader or an investor? How long do you intend to hold this stock? Sincerly speaking, nobody here is sure of what will happen after markdown and also performance of UCAP this year. I don't know much about UCAP but I read a report saying that drop in T-Bills and its likes will affect their revenue going forward.

But if you are trader, buying into UCAP for the sole purpose of getting dividends and then japaa after that might be a wrong move. It might be possible for UCAP to gain 10% before markdown and traders usually benefit from such (if 10% shows up and they sell before markdown) but with the present condition of our market, nothing is certain.

Thanks Mendes for your succinct analysis.
I’m actually a trader.
And my sole aim was jump in for the dividend and jump out immediately after the qualification date.
It seems the dividends for this year will be a bone in our throats.
Let’s continue to watch keenly.

dinyelutochukwu:


Thanks Mendes for your succinct analysis.
I’m actually a trader.
And my sole aim was jump in for the dividend and jump out immediately after the qualification date.
It seems the dividends for this year will be a bone in our throats.
Let’s continue to watch keenly.

Am not a soothsayer but am 90% sure that this jump you just narrated will break your waist!

mendes911:
Am not a soothsayer but am 90% sure that this jump you just narrated will break your waist!

What if it doesnt?

http://www.nse.com.ng/Financial_NewsDocs/29267_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf
This one is going too. I wonder how much they will be paying minority shareholders to buy out and delist.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29267_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf
This one is going too. I wonder how much they will be paying minority shareholders to buy out and delist.

No be small thing
It was always on the table

Market opened calmly, looks like it's going to react to the positive news, investors still cautious.
Let's remember what Oga Onifa said, if it recovers a little for few days, we should not be carried away.
Bids are higher than offer in some stocks.....

UCAP traded for 1.79 just last year. Is it possible to trade at this level in the coming months? The possibility is very strong. However, companies will always devise new ways of making money. But like you have been told JIJO may surely set you back a bit but the dividend can help you to buy back later when the price crashes if it will because no one is sure that it will.

mendes911:


Am not a soothsayer but am 90% sure that this jump you just narrated will break your waist!

Market really looking up this morning. Well, I guess the bloodletting has gone on for too long long, so it is time for the market to make adjustments.

Meanwhile, these mushroom banks will always delay filings and dividend declaration.

market showing sign of recovery:
Access sighted at N8.....up with 30k..
UBA at 6.80..........up with 35k.....
GT sighted at 23+............
Nestle, afraid to fall below N1000....
FBNH on the move...........
Zee 18.30...........up with 25k
.
.

mendes911:


Are you a trader or an investor? How long do you intend to hold this stock? Sincerly speaking, nobody here is sure of what will happen after markdown and also performance of UCAP this year. I don't know much about UCAP but I read a report saying that drop in T-Bills and its likes will affect their revenue going forward.

But if you are trader, buying into UCAP for the sole purpose of getting dividends and then japaa after that might be a wrong move. It might be possible for UCAP to gain 10% before markdown and traders usually benefit from such (if 10% shows up and they sell before markdown) but with the present condition of our market, nothing is certain.

I attempted same with UCAP.
Bought at N3.35 with the hope of selling before mark down in anticipation of a 10% gain.
I am out with a nice head cut.
The market is not smiling and things might get worse after the earning season I.e post mark down.

Mcy56:


What if it doesnt?

What does 90% mean ma? That remaining 10% is the likelihood that he won't break his waist and the decision is all his to make.

I have ONLY explained what I myself will do. I have never seen a trader that buys a stock with the intention of selling after markdown!

pluto09:



I attempted same with UCAP.
Bought at N3.35 with the hope of selling before mark down in anticipation of a 10% gain.
I am out with a nice head cut.
The market is not smiling and things might get worse after the earning season I.e post mark down.

Boss, you know that if not for the present condition of markets, you woudn't have seen UCAP to buy at N4.00. Once a good result is released (Zenith no follow here ooo), it usually rallies immediately, does a small pullback and then do another small rally when dividend hunters surfaces towards markdown date.

Corona don change am for us this year.

GTB on steroid...........24 now and still trying to climb higher.........24M bids to 1.2M offers
Zenith 18.70 now......................22M bids against 1.9M offers...........
Fidelity, fbnh, UBA joined in the race........
Ucap getting set...........

Mcy56:
GTB on steroid...........24 now and still trying to climb higher.........
Zenith 18.70 now......................22M bids against 1.9M offers...........
Fidelity, fbnh joined in the race........
Ucap getting set...........

Seriously am tempted to bail out with this small recovery oooo

If you are out,you can safely come in now.na God do am for you.#zenith

2zona:
Seriously am tempted to bail out with this small recovery oooo

Wait it out first and see how it goes.......
Zenith is over 19naira now, GTB over 24, 24.50...........

DOLLARTEX:
If you are out,you can safely come in now.na God do am for you.#zenith

Do you think this bullish recovery is sustainable? or strategy to pump and then dump??

mendes911:


Boss, you know that if not for the present condition of markets, you woudn't have seen UCAP to buy at N4.00. Once a good result is released (Zenith no follow here ooo), it usually rallies immediately, does a small pullback and then do another small rally when dividend hunters surfaces towards markdown date.

Corona don change am for us this year.

That was my calculation, to buy the pullback and sell to the rally that usually follows....
That corona is a bad somebody That being said, I think Nigeria (NSE) gets her peculiar problems.

were is FBNH dividend ooo

pluto09:



That was my calculation, to buy the pullback and sell to the rally that usually follows....
That corona is a bad somebody That being said, I think Nigeria (NSE) gets her peculiar problems.

So you an investor wanted to come and chop from the plate of traders. God haff caught you. LOL.

GTB still setting the pace............

Mcy56:
GTB still setting the pace............

Setting the pace or setting the trap?

#Heels.

mendes911:
Setting the pace or setting the trap?
#Heels.

Lol abeg make we enjoy this few days rally nah.
But GTB is not bad at 24naira for dividend lovers......... So also Zenith at 18/19

2zona:

Do you think this bullish recovery is sustainable? or strategy to pump and then dump??

we will know by 1pm.But the market is ripe for a rebound.

mendes911:
What does 90% mean ma? That remaining 10% is the likelihood that he won't break his waist and the decision is all his to make.
I have ONLY explained what I myself will do. I have never seen a [b]trader that buys a stock with the intention of selling after markdow[/b]n!

Boss, people do this.
In a situation where market is going up, it used to pay well.

mendes911:


So you an investor wanted to come and chop from the plate of traders. God haff caught you. LOL.

Stocks still moving.....
UACN trying to join the race, sighted at 8.10...........
As for Ucap, they will still move it up............to make room for markdown

Mcy56:

Lol abeg make we enjoy this few days rally nah.
But GTB is not bad at 24naira for dividend lovers.........

I swear, this rally is very highly needed. At least this will assist to create lower lows afterwards and we come in again after a day of panic. Merry go round.

BTW, if I am after dividends, why should I leave Zen and go for GTB? Just thinking out loud.

DOLLARTEX:
we will know by 1pm.But the market is ripe for a rebound.

my advice is that no newbie should put head now ooooo

aremso:



my advice is that no newbie should put head now ooooo

yeah,that #19 junction is where they ruled the line.#zenith

mendes911:
I swear, this rally is very highly needed. At least this will assist to create lower lows afterwards and we come in again after a day of panic. Merry go round.
BTW, if I am after dividends, why should I leave Zen and go for GTB? Just thinking out loud.

Very correct sir.
I'll rather go for Zenith than gtb too..............but you know gt is highly favoured, its just like IBTC too.