emmanuelewumi:


That was around 1983, a range rover was about N17,000.

His annual salary I was told was about N12,000 but thank God for Coop Bank which later became part of the defunct Skye Bank now Polaris Bank That gave him a loan and the staff thrift society

So the money was not easy at that time either.

On the long run good investment will hedge against currency devaluation

Some stocks bought cheaply during the indigenization policy of Obasanjo were also sold at huge profits to pay back his debts

Permit me to make a recommendation to those willing to learn technical analysis.

Try open an account with TRW stockbrokers. That company has got two very solid technical analysts. When I say solid, I mean it in every sense of the word.

Do your findings and thank me later.

All the best everyone.

meshpips:
Permit me to make a recommendation to those willing to learn technical analysis.

Try open an account with TRW stockbrokers. That company has got two very solid technical analysts. When I say solid, I mean it in every sense of the word.

Do your findings and thank me later.

All the best everyone.

TRW Stock broker is not bad, is Mr Rasheed still with them

emmanuelewumi:


TRW Stock broker is not bad, is Mr Rasheed still with them

Yes he is sir. He actually is one of the two people I am referring to. The second is an Engineer.

X21:


this generation will.
principles hardly change
As it was in the beginning,
so shall it be,
world with out end.

You contradict yourself.
Matthew 24 vs 14 overrides your statement
Principles change often in Nigeria.
Our President promised 1$ for 1N, now it was in the beginning.. 1$ at N400+
https://allafrica.com/stories/201512281977.html
It is not a crime to dream. We are all stakeholders and wish things could return to Normalcy.
Nigeria will be grate again is nothing but a future impossible tense. .
$1 for N1 Future impossible and unthinkable tense.

meshpips:
Permit me to make a recommendation to those willing to learn technical analysis.

Try open an account with TRW stockbrokers. That company has got two very solid technical analysts. When I say solid, I mean it in every sense of the word.

Do your findings and thank me later.

All the best everyone.

@meshpips, with all the wisdom and knowledge of trading activities at your disposal, You should not be the one recommending analysts and brokers. It should be the other way round or better still, you can pioneer a firm, and we will thank you plenty.

Justcul:


Then he has not learned anything yet, trust me

One of the best ways to learn in the market is to keep replaying the losses/mistakes you've made in your mind over and over again

Godlylifeoneart:

@meshpips, with all the wisdom and knowledge of trading activities at your disposal, You should not be the one recommending analysts and brokers. It should be the other way round or better still, you can pioneer a firm, and we will thank you plenty.

HBP is real o.

Best article of the day.
https://finance.yahoo.com/news/william-blair-commentary-nonlinear-thinking-231625474.html



The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom," wrote science fiction writer Isaac Asimov--a thought that rings true today as policymakers struggle to catch up with what's occurring in the world.

In respect to both the pandemic and its economic and market impact, we are dealing with a situation that is nonlinear. The coronavirus pandemic has been growing at a tremendous pace, and the resulting movement of economic realities is mostly without precedent.

It is difficult for humans, who tend to be linear thinking, to adapt. But if we can think in a nonlinear way, I believe we can find investment opportunities.

A Nonlinear World

The classic example of linear versus nonlinear thinking is asking if you'd prefer $1 million today or a penny now that doubled in value every day for a month. The correct choice (if you like wealth) is the penny because you would end with more than $5 million.

The virus is also nonlinear. Thinking in a linear manner, we would have expected the same number of new virus cases each day. But that is not how the virus works; it's exponential. Ten new cases are added one day, then 20 the next, then 40 the next, then 80, then 160, and so on.

It is very difficult to grasp, and we do not have many examples to guide us. We have to look at what is endogenous to this situation to really understand it, and that is very difficult. But it guides our thinking.

Consider jobless claims. There were 6.6 million claims for unemployment insurance in the week ending March 28, and more than 3 million the week before. Fast forward to mid-April, and claims have surpassed 22 million over the past month.

We have not seen anything like this in the history of the data. We are talking about more than 10% of the U.S. workforce being unemployed--all within a few weeks. This is a once-in-a-quadrillion-year type of development in terms of standard deviation. It is challenging to analyze or even comprehend the numbers.

At the same time, we have seen a very large fall in purchasing managers indices (PMIs) across the world. When this data is off the charts relative to their history, it is hard for the market to interpret them and use them as guides for growth implications.

Looking at this data, we can see that as a society we may suffer more as a result of quarantine than we would by getting the virus. Closing the economy creates externalities.

On the other hand, fiscal responses by governments around the world are linear. They can be better quantified, at least as a fraction of what gross domestic product (GDP) was a few months ago.

A Linear Response

Governments roll out policies as quickly as they can manage--but sometimes, even before these policies can be implemented, they start to look inadequate because they are linear responses to nonlinear problems. So then the government needs a new linear response.

That leads to more erratic public policies. It's a little bit like flying an airplane and oversteering it. Each time the plane does one thing, you oversteer it, and the oscillations get bigger and bigger and bigger.

We saw an example recently when eurozone leaders gathered virtually to organize their response to the economic fallout of COVID-19. One idea proposed was the issuance of "corona bonds"--joint or mutualized debt--issued by the European Investment Bank and taken collectively by all member states of the European Union.

These corona bonds would have a lower cost to countries that are most affected by the pandemic and have experienced a rise in their borrowing costs (such as Italy and Spain), and a higher cost to countries that are least affected by the pandemic, such as Germany and the Netherlands.

But eurozone leaders cannot sign off on that idea at this stage. Not surprisingly, Italy and Spain are in favor, and Germany and the Netherlands are opposed. It's the same problem that has ruled out any mutualization of sovereign debt since the inception of the European Monetary Union.

It also reveals what happens when a linear negotiation process meets a nonlinear situation--in this case, a crisis for which the only global response, other than monetary stimulus, has been to switch off the global economy.

Where Does It End?

The main question on everyone's mind, though, is, "Where does all of this end?"

Conventional wisdom seems to be that within about a month or two, many countries will start lifting the curtailment on activity. Some are attempting small relaxations already, although others are only just implementing states of emergency and lockdowns now, so nothing is highly synchronized about this.

Thus, looking at conventional wisdom, we can say that the looming recession is more likely to lengthen than shorten from where it is now.

But conventional wisdom is linear, and the underlying influences that are feeding into conventional wisdom expectations are not linear. We are seeing an increased state presence, wildly disrupted resource allocation, and other changes in behavior about which we don't know a great deal just yet. And they could endure. How do we add them to our analysis?

For example, how do we extricate ourselves from the downstream effects of policymakers' response to this crisis?

Populations are declining in much of the developed world. How do we unwind the fiscal largesse that we now have in place when there are fewer and fewer workers to pay into the system?

Meanwhile, we have used virtually every public policy tool in the known toolkit to respond to this crisis. Having said that, there may even be more tools yet to be deployed. How do we eventually unwind those policies so we can continue to allow market prices rather than central governments to allocate resources?

So, I think what we see now is small compared with the ultimate reckoning that we will face as a society. That doesn't mean everything is going to collapse tomorrow; it means that over the long term things could be much more sluggish then we otherwise would have expected. We will likely experience an economic and market decline, or a very long period of stagnation--think of the Japan syndrome.

This is indeed a global financial crisis.

Investment Implications

But all is not doom and gloom. Nonlinear thinking can uncover opportunities that the markets' linear thinking may miss vis-a-vis the anticipation of not just virus case counts but the anticipation of public policy decisions.

We are near our lowest historical risk levels in our portfolios, but at the same time, our opportunity set is large. When there are massive mispricings, there are opportunities, and we anticipate that the amount of risk we take will ebb and flow based on behavioral considerations in the marketplace.

And that brings us back to Asimov: "The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom." Truth is truth, but perception is reality, and right now we are navigating perception, trying to determine when it gives us the most attractive point to step in and take more risk.

Brian Singer, CFA, partner, is a portfolio manager on and head of William Blair's Dynamic Allocation Strategies team.

emmanuelewumi:


They should consider Julius Berger. Lagos State is a major shareholder of Julius Berger through Ibile Holdings, but it is unfortunate that most road constructions go to Hitech a company owned by the national leader of the ruling party

I know that Lagos and Plateau states are major shareholders.

arduino:

I know that Lagos and Plateau states are major shareholders.

Mike Adenuga is the largest shareholder

I don't know of Plateau State.

Julius Berger gets more contracts from Federal government and other states governments than from Lagos State

Godlylifeoneart:

@meshpips, with all the wisdom and knowledge of trading activities at your disposal, You should not be the one recommending analysts and brokers. It should be the other way round or better still, you can pioneer a firm, and we will thank you plenty.

You need to understand that I am an autodidact finance personnel. Mr Rasheed on the other hand is a chartered stockbroker.

When it is my time, others will recommend me. Also remember that I have mentioned time and again that I do not trade equities as non - leveraged market instruments are not attractive in my sight.

Oga, this grammar you wrote here, assuming I want to explain it to my grandma, what do I say. Those terminologies are confusing.
Am asking for a friend.

meshpips:


You need to understand that I am an autodidact finance personnel. Mr Rasheed on the other hand is a chartered stockbroker.

When it is my time, others will recommend me. Also remember that I have mentioned time and again that I do not trade equities as non - leveraged market instruments are not attractive in my sight.

pluto09:



There is nothing in DC financials to show that the company is investing the retained earnings in securities..
The latest result only showed that they generated a paltry 2.2b as finance income while they spent over 8b as interest expenses.

They returned 7.6b as interest income, where is this interest coming from? Please read the first sentence under the table

They also got interest expended of about 44b making net negative as seen below.

You can download the full statement here
http://www.dangotecement.com/investor-relations/financial-reports/

ojesymsym:
Oga, this grammar you wrote here, assuming I want to explain it to my grandma, what do I say. Those terminologies are confusing.
Am asking for a friend.

He is saying that he like trading with borrowed money, like in the forex market, $100 fit they control $10000. Our local stockbrokers don't lend such leverage.

ositadima1:


He is saying that he like trading with borrowed money, like in the forex market, $100 fit they control $10000. Our local stockbrokers don't lend such leverage.

He can if has collateral. He can trade N 3 million with N1 million.

emmanuelewumi:


TRW Stock broker is not bad, is Mr Rasheed still with them

He still there o!

ositadima1:


They returned 7.6b as interest income, where is this interest coming from? Please read the first sentence under the table

They also got interest expended of about 44b making net negative as seen below.

You can download the full statement here
http://www.dangotecement.com/investor-relations/financial-reports/

The result I referenced is the 2020 q1

And with the one you posted which is fy 2019 it was clearly stated that the interest income is from cash balance and not from securities.
The over 44b is money used in servicing the company debt.
With over 900b in retained earnings the interest on this should have been more than 7b if it was invested in securities.

atere4ever:
@Mcy, plz help with this. How do I withdraw fund from my MorganCapital portfolio? I'm yet to get used to the platform.
To be candid, Morgan is good for traders. I like the Price-Volume relationship menu.

Simply send email to them stating the amount you wish to withdraw with your account details sir.
They will reply and credit your bank account. Just ensure you give them the account number registered with them i.e. the one filled in your acct opening form.

Lol. Thanks for coming to the rescue.

ositadima1:


He is saying that he like trading with borrowed money, like in the forex market, $100 fit they control $10000. Our local stockbrokers don't lend such leverage.

emmanuelewumi:



Naso my old man built his first house at a total cost of about N40,000, but currently gets N2.4 million rental income from the property.


But dividends sweet pass rent

Good one there but most of here know that his ₦40,000 of yesteryears was way more powerful than the ₦2.4M of today.

Did you see what Uncle Sam's dollars is currently being to our underaged almajiri Naira?

Mk

Valueinvestor:

Spotting a good stock is not that difficult(just some fundamentals needed),but making money from a good stock is the ultimate(thats where some technicals/gut analysis is needed)
Even the average trader/investor can make a list 15 good stocks on NSE, but that does not mean he/she would eventually make money from these stocks.ENTRY POINT AND EXIT POINT determines this and thats where technicals come in.

No matter how nice a bus is, if you come down at the wrong bus stop or you got carried away and the bus did a round trip to where it took you, na pain dey follow the sweet trip.

emmanuelewumi:


Julius Berger constructed third mainland bridge and the bridge is about 30 years old.

A Chinese firm constructed a bridge over a canal between Iba and idimu. The bridge did not last 2 years before a section of the bridge caved in

[/b] Made In China [b]

People that are expecting Tony's dividend next week, hope we know it's only UBA that's paying.

UCAP and Afriprud are pretending as if they have never heard of AGM by proxy. So they're not paying except I missed a memo or notification, if so someone should please enlighten me. So people don't go and wait in vain then now start another insult/fight lasting several threads when alert no show.

Just a PSA.

Exactly , I sold my zenith and I was criticized for selling too early but now I hv joined back the bus and we are off to the same destination happily

1kinggy:
Mk

No matter how nice a bus is, if you come down at the wrong bus stop or you got carried away and the bus did a round trip to where it took you, na pain dey follow the sweet trip.

ExLaidback:
People that are expecting Tony's dividend next week, hope we know it's only UBA that's paying.

UCAP and Afriprud are pretending as if they have never heard of AGM by proxy. So they're not paying except I missed a memo or notification, if so someone should please enlighten me. So people don't go and wait in vain then now start another insult/fight lasting several threads when alert no show.

Just a PSA.

All of them are having their AGMs by proxies.

So they are expected to pay next week

emmanuelewumi:



All of them are having their AGMs by proxies.

So they are expected to pay next week

Really Sir? Wow, good news. Thanks a lot for the clarification, I must have missed the announcement for the rest.

ExLaidback:


Really Sir? Wow, good news. Thanks a lot for the clarification, I must have missed the announcement for the rest.

Check your mail with them and even your phone.. There should be a message from UBA,UCAP,APR and Afriland too.

gamaliel9:



Check your mail with them and even your phone.. There should be a message from UBA,UCAP,APR and Afriland too.

Thanks a lot Sir

There's actually a mail from Afriprudential sent on the 9th of April, which I missed.

RabbiDoracle:


Na during ward-round, procedures or consultations you go learn am?

I charge in USD anyway.

E no matter oh. Some of us wouldn't mind paying in pounds even

SUNDAY TONIC

A father before he died said to his son: “this is a watch your grandfather gave and this is more than 200 years old, but before I give it to you go to the watch shop on the first street, and tell him I want to sell it, and see how much it is”.
He went and then came back to his father, and said, "The watchmaker wanted to pay 5 dollars because it's old”.
Then he said to him: “Now go to the coffee shop”.
He went and then came back, and said: “He wanted to pay $5 father”. “Now go to the museum and show that watch”.
He went then came back, and said to his father “THEY OFFERED ME A MILLION DOLLARS FOR THIS PIECE!!!”.
The father said: “I wanted to let you know that the right place will recognize your value. Don't put yourself in the wrong place and get angry if you're not appreciated according to your worth. He who knows your value is he who appreciates you. Don't stay in a place that doesn't suit you".

KNOW YOUR WORTH..

ukay2:
Hope ogas like...
Ihedioramma Angeloe Bigjay Manonamission Currentprice Stockbull Fxuser BullBearMkt

Etc
Are fine
It's being long hearing from them
We are brothers and sisters in the Lord (BNSITL)

YES . Thank's, one love .