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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:05am On Mar 27, 2020
stcool:
So I am reading a thread on Twitter, this whole COVID-19 is an attack by China on US.
I strongly believe... And China would pay! The world should force China to release the antidote.
......and European countries.
Some people discovered this long before now..... unfortunately, the attack extends beyond their targets.
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:10am On Mar 27, 2020
stcool:


China & US in a long trade battle... China releases a Virus

Russia disagrees with OPEC, Saudi cuts price and increases production, Oil price plunge!

People are dying from the Virus, Financial markets is in turmoil

They should continue acting their script. My prayer is that the poor masses not be caught in the crossfire!

I think US debunked that claim that the virus was made in China lab. There are so many conspiracies concerning the virus and we might not know the truth until it is checkmate, the chess game continues.
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 8:19am On Mar 27, 2020
decargne:
hello all, please what type of stock can I buy with about 10000 naira? I have a stock broking acct with that amount lying fallow there. help a novice please.

Boss, take the first advise, you can look into GTbank, Zenith, Fidelity, Afriprud, UBA or UCAP.. with such stocks the probability for an upside is higher. Do not buy into illiquid stocks ooo. i speak from experience.. when i started i also thought penny stocks was the way, that was my greatest undoing, i wouldnt want you to experience same.

N.B. you are the CEO of your portfolio. not a recommendation to buy or sell grin grin

5 Likes 2 Shares

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:25am On Mar 27, 2020
stcool:
So I am reading a thread on Twitter, this whole COVID-19 is an attack by China on US.

I strongly believe... And China would pay! The world should force China to release the antidote. They have it!

Interesting read:

https://twitter.com/TheSkandar/status/1243390164803522563?s=09


There must be a huge bill the Chinese will pay for this.

The question I am asking is : when it was discovered that many people left Wuhan before the lockdown started, why were there no increasing cases in Beijing? Instead most cases were limited to just Hubei Province.

After US emerges from this crisis, it may not be easy for China.

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:30am On Mar 27, 2020
stcool:


China & US in a long trade battle... China releases a Virus

Russia disagrees with OPEC, Saudi cuts price and increases production, Oil price plunge!

People are dying from the Virus, Financial markets is in turmoil

They should continue acting their script. My prayer is that the poor masses not be caught in the crossfire!

All I can predict is that instead of the world to grind to a halt, they will start a war. They will look for a scapegoat grin grin just for manufacturing to continue.
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:33am On Mar 27, 2020
RabbiDoracle:


There must be a huge bill the Chinese will pay for this.

The question I am asking is : when it was discovered that many people left Wuhan before the lockdown started, why were there no increasing cases in Beijing? Instead most cases were limited to just Hubei Province.

After US emerges from this crisis, it may not be easy for China.
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:34am On Mar 27, 2020
RabbiDoracle:


All I can predict is that instead of the world to grind to a halt, they will start a war. They will look for a scapegoat grin grin just for manufacturing to continue.

We hope for the peace of the world after all these.
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 8:47am On Mar 27, 2020
Re: Nigerian Stock Exchange Market Pick Alerts by kayuscares4u(m): 8:49am On Mar 27, 2020
I want to invest in Nigeria stock, I am looking for a reliable broker that will give me stable online platform.
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:59am On Mar 27, 2020
RabbiDoracle:


There must be a huge bill the Chinese will pay for this.

The question I am asking is : when it was discovered that many people left Wuhan before the lockdown started, why were there no increasing cases in Beijing? Instead most cases were limited to just Hubei Province.

After US emerges from this crisis, it may not be easy for China.

This has always been my line of thoughts.
Considering the population of China and how they live and work, I was so Amazed that this Virus operated in China as if it had a terms of reference.... grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:00am On Mar 27, 2020
Mcy56:

Wapco better deliver cos you're their promoter that dragged some people into it.
Hope you and currentprice already quarantine yourselves too. grin

No doubt, WAPCO's performance has been disappointing for years now, majorly as a result of the acquisition of the loss making South African operation. However, after the disposal of that venture, as at Q3 they had posted PAT of N20.5bn from continuing operations. Most importantly they posted another Profit after tax from discontinued operations of N99.5bn, which i think they will either use for Share buy back or pay as special dividend. Just my opinion though.
Greetings house!

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:34am On Mar 27, 2020
lexddon:
However, after the disposal of that venture, as at Q3 they had posted PAT of N20.5bn from continuing operations. Most importantly they posted another Profit after tax from discontinued operations of N99.5bn, which i think they will either use for Share buy back or pay as special dividend. Just my opinion though.
Greetings house!
Greetings B-or-SitL,
Thanks for this comment, the special dividend will be very good and highly welcome. grin
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:02am On Mar 27, 2020
Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.
Mcy56:

Greetings BorSitL,
Thanks for this comment, the special dividend will be very good and highly welcome. grin
Re: Nigerian Stock Exchange Market Pick Alerts by DexterousOne(m): 10:12am On Mar 27, 2020
Mcy56:

......and European countries.
Some people discovered this long before now..... unfortunately, the attack extends beyond their targets.

Its not an attack on America


Trump's foolishness and non challantness is largely to blame for these deaths and the spread

From the way he handled the issue ab initio

To allowing under your watch 90% of your medical supplies and drug come from China (which btw you have marked as a trade adversary and slammed tariff after tariff)
To refusing to invoke the defence production act
To disbanding the medical emergency response team

To defunding the CDC

And the list is endless


May God never allow a demagogue like Trump lead my Nigeria

Now he is saying that things should be normal by Easter Sunday even when his medical advisers are singing the opposite
He is still insisting


May God be with America sha

Germany is doing a good job in containing this.
And Britain to an extent

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:19am On Mar 27, 2020
DexterousOne:


Its not an attack on America


Trump's foolishness and non challantness is largely to blame for these deaths and the spread

From the way he handled the issue ab initio

To allowing under your watch 90% of your medical supplies and drug come from China (which btw you have marked as a trade adversary and slammed tariff after tariff)
To refusing to invoke the defence production act
To disbanding the medical emergency response team

To defunding the CDC

And the list is endless


May God never allow a demagogue like Trump lead my Nigeria

Now he is saying that things should be normal by Easter Sunday even when his medical advisers are singing the opposite
He is still insisting


May God be with America sha

Germany is doing a good job in containing this.
And Britain to an extent

And you Blame Trump for a China's crime.

When was insisting US should stop Manufacturing in China people were wailing.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:19am On Mar 27, 2020
kayuscares4u:
I want to invest in Nigeria stock, I am looking for a reliable broker that will give me stable online platform.
Morgan Capital
Mytradebook
Meristem
InvestOne or so

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:20am On Mar 27, 2020
Some crossings done in Wapco at 9.10...still getting more attention...
We are observing....
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:26am On Mar 27, 2020
Mcy56:
Some crossings done in Wapco at 9.10...still getting more attention...
We are observing....

If that crossings last longer than expected,buyers go park for #8 cos of fear.

But I think it gonna break out soon
Re: Nigerian Stock Exchange Market Pick Alerts by DexterousOne(m): 10:28am On Mar 27, 2020
OBAGADAFFI:


And you Blame Trump for a China's crime.

When was insisting US should stop Manufacturing in China people were wailing.

China crime my black ass


Trump allowed this disaster happen

He has not been, and still has refused to be proactive
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:28am On Mar 27, 2020
locodemy:

If that crossings last longer than expected,buyers go park for #8 cos of fear.

But I think it gonna break out soon
Buyers already queued at N9 and below, it may or may not get there.
Those buying since yesterday may have sighted the result.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:31am On Mar 27, 2020
FCMB still looks cheap to me at 1.50.
If the result is good like that of fidelity, it will close the gap btw them. I got small units at 1.43 during the panic.
About to go below 1.50 again, wouldn't be bad to pick some units below 1.50 for those interested..... that's if it goes below.

NB: Just my opinion and observation.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by CashDiMkpa: 10:31am On Mar 27, 2020
http://www.nse.com.ng/Listings-site/corporate-disclosure-site/Documents/Market%20Bulletin%20-%20Listing%20of%20Additional%20Shares%20of%20Golden%20Guinea.pdf

Is this about to come back to life?
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:36am On Mar 27, 2020
DexterousOne:


China crime my black ass


Trump allowed this disaster happen

He has not been, and still has refused to be proactive


Oh really, were did the Virus started ?

Why the China cover up since last year.

When WHO warned China, instead of taking actions. They shut down the news, arrested Doctors that leaked the news.

Well , this is stocks market thread, no need for this here.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:39am On Mar 27, 2020
Mcy56:

Buyers already queued at N9 and below, it may or may not get there.
Those buying since yesterday may have sighted the result.

Sighted result for good or bad?

Why I guess breakout,the stock touched #10 yesterday but the buyer at sub #9 is not yet done.

It may also be a two side of a coin.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:41am On Mar 27, 2020
locodemy:
Sighted result for good or bad?
Why I guess breakout,the stock touched #10 yesterday but the buyer at sub #9 is not yet done.
It may also be a two side of a coin.
Could be either way......but don't you think it will be dumping instead if the result is bad?
Some of the transactions were not on the floor.
Anyway, fingers crossed. grin
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:44am On Mar 27, 2020
Wait, why are people not considering the healthcare coys around this time self?
Saw Fidson transactions now and remembered them. grin

PS: Not saying it's good or bad for pick ooo. Just observation.
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:45am On Mar 27, 2020
Mcy56:

Could be either way......but don't you think it will be dumping instead if the result is bad?
Some of the transactions were not on the floor.
Anyway, fingers crossed. grin

If Dangote cement drops further,na to begin to pick race be that o.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 10:48am On Mar 27, 2020
Madam, with what is going on in the economy would not it be better if you align yourself with Tier 1 banks that their heads are correct. Not many will be able to withstand the shock of oil price and economy lull for the rest of the year. We may just see Fidelity, FCMB, Sterling go below N1 in 2020.
Mcy56:
FCMB still looks cheap to me at 1.50.
If the result is good like that of fidelity, it will close the gap btw them. I got small units at 1.43 during the panic.
About to go below 1.50 again, wouldn't be bad to pick some units below 1.50 for those interested..... that's if it goes below.

NB: Just my opinion and observation.

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:48am On Mar 27, 2020
@rebekah, you always mention debts, which company does not have? Moreso how much at the end of q3 2019. tell sir grin

See reduction in OPEX. I am even expecting a buy back from WAPCO grin

rebekah2011:
Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:49am On Mar 27, 2020
locodemy:
If Dangote cement drops further,na to begin to pick race be that o.
Seems dangcem have an agenda.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:54am On Mar 27, 2020
rebekah2011:
Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.
What about UACN that still paid dividend despite their debts?
I will see what is pursuing me before I flee in this one, I've kept it for longer than I used to do. smiley
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:59am On Mar 27, 2020
Mcy56:

Could be either way......but don't you think it will be dumping instead if the result is bad?
Some of the transactions were not on the floor.
Anyway, fingers crossed. grin

The buyer is done and yet no more price action on Wapco.

One thing I know is Wapco result could be of help to drive the price.
From all indications including the sales of subsidiary and Q3 result,the financial year end result will be fantastic.

Anything 8.50 is ok for now until we hear from zenith Bank to adjust price again for Wapco.

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