Mcy56:

Chai!!
This stock was begging buyers up till this morning when trading started but they were looking away. It sold down to 1.41 as at yesterday before bouncing back to close at 1.51.
It was even shouted enough here.
Hhmmm, it's well.

Yuzxy:
Please, I bought zenith at 19.50
I'm thinking of selling it now at35% loss and rebuying when it tanks again. Do you think it's financially wise?

ebuka1997:
I just got the money I wanted to use to trade, it was tied up previously unfortunately

leo1234:
But chief,
It is not logical.
How can a company that made profit of 200 billion sell for 150 million.

RabbiDoracle:


If you are lucky to buy at this multi year low, you will think twice before taking profit.

Now is time to hold.

All the coronavirus issues have peaked in EU avd US. So soon everyone will return to work.

Lifestyle will change though. We have been mandated to wear mask anywhere you go. How dem go take identify robbers from ordinary people?

DeRuggedProf:

Now, which spirit come cause this one now, that of Loco, we know, that of Richy, we can identify, that of Mcy has repented. But this one is Novel, maybe Corona spirit....

onegentleguy:


I can't agree more.

Dude is good. ...I am privileged to know him on a personal level.
But beyond been good, he is very open-minded.
I also like the fact that he does things with honesty and sincerity of purpose.
...which is why u'll often find that he preaches what we does and act out what we preaches !!

Regards

Mcy56:

I will say don't sell it. If you have fund buy more to average down your cost price.
OR:
Just leave it and use the fund to key-in to another good stock which can appreciate to reduce the loss. Zenith will still go up, it may not be on straight line, but gradually.

NB: This is my opinion.

DeRuggedProf:



Now, which spirit come cause this one now, that of Loco, we know, that of Richy, we can identify, that of Mcy has repented. But this one is Novel, maybe Corona spirit....

onegentleguy:


The thing about failure to lead a life of the path in bold, is why Manchester City and England left back, Kyle Walker has now been suspended from Intl duty after preaching to his followers to observe stay at home protocols and going ahead to do the s*x thing with some call girls, and why renowned Nollywood actress Funke Akindele and hubby were both fined and sentenced to a 14-day community service by the LASG after going against what they preach and profess(on covid-19) by holding a house party.

...though these punitive measures might seem minot @ the surface, the bigger impact should come with the likely dent that this would have on their celebrity status.

Moral: It can be hugely unrewarding when u seek to deceive people by acting out the opposite of what u preach or preaching the opposite of what u do.
Like I've always said here in past; better to remain quiet and do ur thing(silently) than to seek to guide with a motive to deceive.

If not for anything; do things because u know thst God in heaven is watching u and can very well reward u according to ur deeds !!

Regards

onegentleguy:


I second this post.
...but I'll be more to adhering more to the part in bold than the 1st.
Everything will depend on one's investment personality, strategic play and investment horizon though.

Regards

DeRuggedProf:
https://www.nairaland.com/5779755/wike-shuts-down-caverton-helicopters

Mcy56:

Seems you don't get what Pa Emma was saying there. I even had to share it for reference purpose.
He was actually addressing those waiting at N5 junction sarcastically. Read it again. At least that was my interpretation of it.

leo1234:


But chief,
It is not logical.
How can a company that made profit of 200 billion sell for 150 billion.
Even those waiting for WAPCO at 6 naira are happily buying above 10 naira with celebration.
Anyways, I wish those waiting at 5 naira junction good luck.

veecovee:


You are doing well

Kudos !!

Mcy56:

The crossings created panic but they'll move the price once they're done.......moneybags at work.

Mcy56:

I replied your mail since day one but you never get back to me.

Full bid means buyers wanted to buy a particular stock at the highest price trading for the day but there are no sellers.

onegentleguy:


Helicopter chatter and other related services was part of essential services mandated by the FG to work at this time.
...which was why most of the company's fleet had been working all along. I mentioned it here back then(more money for the coy)
Unless there was a suspected case of the said pilot(who was arrested) bringing in a suspected carrier expatriate or other individuals... otherwise, the company is binded by law to carry on with its usual offshore and onshore oil & gas related services.

Anyway, this one na very small 'akamu' case.
...the matter will be swiftly sorted out/settled !!
Watch out.

It is well.

leo1234:


Even pastor don confirm our Oracle.

onegentleguy:


Me gov't ke?
...Abeg oo bros. No come talk the one wey some persons go begin look for me to kidnap oo.

I am just a small fellow, who lives on the same minimum wage u know. ...I have not even be paid for the month of March(2020) sef.
I hope to get a better job in future though. ...Pls do u know of any available job application?

We dey your back, nobody fit kidnap you....stay humble sir

Regards

onegentleguy:


Me gov't ke?
...Abeg oo bros. No come talk the one wey some persons go begin look for me to kidnap oo.

I am just a small fellow, who lives on the same minimum wage u know. ...I have not even be paid for the month of March(2020) sef.
I hope to get a better job in future though. ...Pls do u know of any available job application?


Regards

veecovee:



But I really thought they would have released their result by now

billtommy:



We dey your back, nobody fit kidnap you....stay humble sir

RabbiDoracle:


The low seems to have passed. All it needs to do now is to stay up at a level. Most stocks worldwide are doing same. The wealth transfer has happened.

So na to siddon inside plane and be reading newspaper.

The money printed worldwide must enter NSE. A friend showed me the loan that his banks are offering him. It was at 0.01% per month. This is a wicked money. Money that can cause excessive price rise.

veecovee:


No be today I confirm him, if you have been here

But, you know say small iyanga too day follow people way sabi something . Na that one I dey fight

onegentleguy:
http://www.nse.com.ng/Financial_NewsDocs/29601_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

FBNH YE 2019 financial print.

Highlights;

• Improved indices accross several key revenue and earnings line.

• 38k dividend proposed(up 52% from prev yr)

• Planned divestiture. ...the group plans to divest from its 65% holding in FBN INSURANCE.
Sale shall be to the core investor, SANLAM pty ltd who already holds the balance of 35% stake in FBN INSURANCE.
I believe that this was the same group that recently bought over Continental Re from minority investors.
For emphasis, SANLAM Pty Ltd owns a majority stake in SAHAM FINANCES which owns CRe AFRICA(continental Re africa) that bought over Continental Re Nig.
...so FBNH is likely to get a good deal from the divestment.

Is FBNH a good buy @ current price?
...I'd answer in the affirmative.
However, I believe there are BETTER coys in the bourse right now !!

I shall review the report a bit more in due course.

Selah

Mcy56:

Seems you don't get what Pa Emma was saying there. I even had to share it for reference purpose.
He was actually addressing those waiting at N5 junction sarcastically. Read it again. At least that was my interpretation of it.

Justcul:
I look forward to buy back the Zenith I sold today at 13. I hope to get in again tomorrow