RabbiDoracle:
Reverse wetin.

Mcy, don't start o.

Chibuking is yet to sell his stocks . Fear go dey too much, he will sell and we go buy am.

Lol. Oga Chibu said he's not selling to you nah.

TraDeRR:
Ok time to close down NSE

Hope you're doing fine ma.

TLAX:


Here...

http://www.nse.com.ng/regulation-site/Documents/guidance/Interpretative%20Guidance%20on%20the%20Index%20Circuit%20Breakers%20Rule.pdf

May soon be invoked

let the market fall o. some stocks are still high.

My brother the impact is grave. Not yet very grave, we can not sell oil weting remain

Vessel owners are jittering of Virus, Job loss in IOC , no contracts for oil servicing companies.

We are hit below the belt.

RabbiDoracle:


The impact will not be grave for Nigeria.

They didnt even stop companies in Nigeria. Work still going on.

The only problem for Nigeria is the trade. Those who trade with Chinese will be impacted. But with China gradually coming back onstream, things will look up.

Only EU and US are where the challenge is now.

But you look am na... DOW has gone too far. It needs to have a major correction.

After that, all of us go dey well las las.

RabbiDoracle:


If the offer continues into next week Friday at 10% full offer, at a point the supplier will stop. You can't supply Zenith at N1 nauw.

Then wetin be his profit.

At N5 sef, Zee has a PE of 0.72

Lol at least the offer will dried up when attaining the point of 9. And start going up a little and stable for sometimes if there’s no other shock in global market. Next week will throw a clearer picture on market direction

TraDeRR:
I am dying here oo

Sorry, I just saw this.
Pls, remain calm, tough time will definitely not last forever.

Mcy56:

Hope you're doing fine ma.

I’m dying oo my sister

onegentleguy:


But remember what I told u in our chat.
Something else is also going on in our local bourse.

...it's important to play it to one's advantage.

Regards

Yes o.

I can feel the effect.

Thank you.

RabbiDoracle:


The impact will not be grave for Nigeria.

They didnt even stop companies in Nigeria. Work still going on.

The only problem for Nigeria is the trade. Those who trade with Chinese will be impacted. But with China gradually coming back onstream, things will look up.

Only EU and US are where the challenge is now.

But you look am na... DOW has gone too far. It needs to have a major correction.

After that, all of us go dey well las las.

The Market Operations department of the Nigerian Stock Exchange will be organizing an awareness workshop on the Exchange Index Circuit Breaker and its functionalities. This is designed to sensitize stakeholders on the current framework/mechanism. The event is scheduled to take place as follows: Date: Thursday, 12th March, 2020 Time: 2:45pm -4:00pm Venue: Event Centre, 20th Floor, Stock Exchange House, 2/4 Customs Street, Marina, Lagos.

RabbiDoracle:


Do you know what 26% DY is?

It needs to fall to N5 (50% DY) sef so that we can load everything loadable

By that time, will borrow money to buy o.

Agbalowomeri:
Zenith at 10.85 here I come
If I drown, Mendes call my mama
She be friends to mama ejiro

Don't buy with all your money o.

Small small. Keep doing your DY calculations.

If tomorrow dem show at 9.8, buy again.

At a point it will be a loss making venture selling.

Please how long did it take the market to recover from 2008 crash.. I want to start having that in mind

RabbiDoracle:


9.8 will be the least price

We keep watching it ..anything can happen

RabbiDoracle:


Don't buy with all your money o.

Small small. Keep doing your DY calculations.

If tomorrow dem show at 9.8, buy again.

At a point it will be a loss making venture selling.

My brother I dive in with all my capital
That's how we roll
With an annual dividend of 25%, who cares about capital appreciation which will come anyway

TraDeRR:
Please how long did it take the market to recover from 2008 crash.. I want to start having that in mind

please relax and stay calm.... This won't last forever!

Valueinvestor:


I will prefer to buy FCMB or FIDELITY at that time cos the price of those ones should be around 0.20. Am on the floor already

Mcy56:

It just looks too good to be true @10.85.
It may reverse anytime sha. Let's keep watching...

This may be the best time for you to make that investor transition and start cherry-picking in bits. If it likes, let it fall to #2, Zenith bank, we are falling this fall together. Whatever it is you're digging for, baring any new fundamental development, I want to see it personally. I don't want reported speech

Am trap in this market already..... but Zee is making me to be looking at my Akant n MC Akant details...

Godisfaithful:


Oracle with the way global market is going, don’t bet against Zenith coming down low to 8. Never say never

If what I am looking at is correct, I expect a rebound when Fed and theur gangs introduce the unprecedented stimulus.

I want to see what Jay will do. If he will be the one flying the helicopter.

2020 ... horrible year!

Again, which offense did Zenith actually commit? The people selling don't even to back down. The offers are in multi millions.

TraDeRR:


You know every every.. my house dey hot like dis

Chai.... Tell am to relax too na. E go better.

Agbalowomeri:


My brother I dive in with all my capital
That's how we roll
With an annual dividend of 25%, who cares about capital appreciation which will come anyway

If it crashes to N5, how are you sure ZENITH will pay N2.8 total dividend? what if they reduce it to N1?

This is the time to stick together o. Temperature and BP would be going over the roof now. Relax, na money loss no be human live. You don't lose until you sell.

PharmAlfred:
Again, which offense did Zenith actually commit? The people selling don't even to back down. The offers are in multi millions.

Thats the same thin that happened to GT...
Now its Zenith time ...

TraDeRR:
I’m dying oo my sister

The bad news distrupted many things but we will all survive this time too by God's grace.

.....i need money oh, i dey find wetin i wan sell!!!

PharmAlfred:
Again, which offense did Zenith actually commit? The people selling don't even to back down. The offers are in multi millions.

RabbiDoracle:


If what I am looking at is correct, I expect a rebound when Fed and theur gangs introduce the unprecedented stimulus.

I want to see what Jay will do. If he will be the one flying the helicopter.

Even if there is a rebound in US, Nigeria might not recover fast.

Nigeria Q1 and Q2 GDP will not be good.

They are selling down Zenith because they could not get enough prior to dividend.
They now want to initiate panic sale in order to buy for a cent on the dollar thereby making much more gains than dividends would have offered.

My thoughts.

chillykelly86:
This may be the best time for you to make that investor transition and start cherry-picking in bits. If it likes, let it fall to #2, Zenith bank, we are falling this fall together. Whatever it is you're digging for, baring any new fundamental development, I want to see it personally. I don't want reported speech

Lol.
I'm looking at picking few units tomorrow by God's grace, all things being equal.
It's looking too good to be true.

RabbiDoracle:


If what I am looking at is correct, I expect a rebound when Fed and theur gangs introduce the unprecedented stimulus.

I want to see what Jay will do. If he will be the one flying the helicopter.

Uncle Powell still brainstorming. I know another interest rate cut is coming. Not sure about the stimulus packages. Maybe middle of the year when election is closer. Fingers crossed