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Nigerian Stock Exchange Market Pick Alerts - Investment (5656) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:14pm On May 13, 2020
lancee:
Bought @ 4.75 ..will continue to observe if i need to buy more
Okay.
It's back to 4.80 now self.
Re: Nigerian Stock Exchange Market Pick Alerts by gamaliel9: 2:16pm On May 13, 2020
OBAGADAFFI:


Ideally, dividends should be paid into your bank account, not your wallet.

I have chopped all my dividends and cleaned mouth

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:19pm On May 13, 2020
Mcy56:

Okay.
It's back to 4.80 now self.

Yeah ..hopefully it will move one day grin
Think some pple re trying to frustrate sellers to sell @ cheaper prices
Bid dey strong for now

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 2:25pm On May 13, 2020
lancee:


Yeah ..hopefully it will move one day grin
Think some pple re trying to frustrate sellers to sell @ cheaper prices
Bid dey strong for now
any info on FBNH unbundling of their insurance company....what will be the faith of shareholders...will they receive special devidend from the insurance sales??
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:29pm On May 13, 2020
Princkez:
any info on FBNH unbundling of their insurance company....what will be the faith of shareholders...will they receive special devidend from the insurance sales??

Hmm ..i don't think ther is any info yet ..maybe some pple may know about it ..sis mcy56 any info
Re: Nigerian Stock Exchange Market Pick Alerts by Umargarr(m): 2:43pm On May 13, 2020
Afternoon guys, please when qualification day fall on a public holiday what really happened traditionally. @Mcy56 and co please help out.
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 3:04pm On May 13, 2020
Reps Seek ‘Bailout Out’ for Access Bank, Others to Prevent Mass Sacking
https://businesspost.ng/general/reps-seek-bailout-out-for-access-bank-others-to-prevent-mass-sacking/
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:17pm On May 13, 2020
*Edited*
Re: Nigerian Stock Exchange Market Pick Alerts by Umargarr(m): 3:31pm On May 13, 2020
Mcy56:

Not common. Almost impossible by my own understanding.
However, if qualification date falls on public holiday by error of commission or omission, grin the following trading day would be the markdown.
In actual fact, public holiday makes no difference here because no trading will take place on public holiday. So it's still same thing. Just like weekends.
In another thought, if qualification date falls on public holiday, the coy would be notified and an amendment may be done to the date.

Thanks, it's likely that 25th and 26th May, are gonna be public holidays for Sallah, the qualification date for DANGcem is 25th May, So impliedly, markdown will be extended to Wednesday.
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:31pm On May 13, 2020
rebekah2011:
I have been looking at the market in the last 3 trading days. It has been difficult to pick my targets. Dangote Cement at N130, MTN at N108, Africa Prudential at N3.50, Ucap at N2.25, and Zenith below N14

shift your goal post ma'am ... Oh! Sir grin
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:35pm On May 13, 2020
Mcy56:

No idea sir.
This is where we'll miss OGG the more. He's always having these kind of privileged info.
I wonder what anyone will gain by attacking him.
Even if he's helping himself, he's still helping Nsempas the more. He's such an invaluable member here.

I really wonder why somebody who has a portfolio here should attack such helful fellow

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:44pm On May 13, 2020
Umargarr:
Thanks, it's likely that 25th and 26th May, are gonna be public holidays for Sallah, the qualification date for DANGcem is 25th May, So impliedly, markdown will be extended to Wednesday.
We'll use this to know how it works better.
Re: Nigerian Stock Exchange Market Pick Alerts by Alaska90(m): 3:56pm On May 13, 2020
yok:
UPDATE ON STOCKS TO BE AVOIDED BY NEWBIES

Please I still look forward to our contributions on the above. We want to list "COVID STOCK". These are equities that will deliver pain to buyers in the long to medium term. I have stated my own conditions which I refer to as test kits.

Let us contribute to this, we do not want people to buy stocks like Skye bank, probably after buying on Wednesday, only for you to hear on Saturday that FGN has liquidated the bank and unfortunately you have nobody to come to your rescue. However a list like this can be a preventive measure to help our fellow investors from falling into some of the traps in the market.

To be frank, there are bad equities that I know, but due to some connections I have, it will be technically inappropriate for me to mention in a public forum like this (no wonder the likes of "Stocklook", let us just assume that is the name, I am taking clue from advise I received from onegentleguy sometimes in the past of those days, have nobody watching them again" as the advertisers know what to do if they are mentioned in this type of list).

Please below is still the current list (I am not the originator of the list ooo, the list was just compiled by me after verifying most of the list using reports on NSE website), before you rely on the list you can equally do your own additional due diligence). But what I see is that some of the lists are already confessing on their own. I saw one hitting a new low and another giving update on a foreign popular news website).

Caveat Emptor



Can I DM you please?
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:15pm On May 13, 2020
lancee:


Yeah ..hopefully it will move one day grin
Think some pple re trying to frustrate sellers to sell @ cheaper prices
Bid dey strong for now

Banks suppose don begin move.

If you noticed, they are all reading within a narrow band. They seem to be gathering energy.

Today there seem to be unwillingness to sell sef. This could be seen in the volumes transacted.

May and June should see a rise, IMO.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:33pm On May 13, 2020
Mcy56:

Lol. The remote is still with the ogas on top, they're controlling it from under the mango tree.
We will need to hear what they are planning from the Oracle ma.....we just hope they'll release it. grin

Just hold tight.

I don't see any major selloff.

Definitely there will be frustrating trades( up today and down tomorrow ) so that people will be tired and sell off. It happens.

The reason is because the price candles are still in the cloud with exception of FCMB.

See the screenshot of the chart sent earlier. There I explained the possible path the stock price could take.

If it had taken the bolder arrow path, it will be short and quick to eject from the cloud.

But it is taking the longer path: a horizonal travel which will be followed by quick vertical rise.

Attached is the current chart of GTB showing the horizontal travel first.

I am expecting some vertical movement starting maybe tomorrow or Friday.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Tvegas(m): 4:51pm On May 13, 2020
RabbiDoracle:

Definitely there will be frustrating trades( up today and down tomorrow ) so that people will be tired and sell off. It happens.
This is why i am a believer of emmanuelewumi's Long-term investment school of thought, i dont bother tracking things daily anymore. There is an adrenaline that comes when you are online, you will be tempted to buy or sell something. This was how i sold 100k unit of Zenith that i bought at N11 for N13. I still cant forgive myself till now. Bless your soul Rabbidoracle, you are good at what you do.

10 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:56pm On May 13, 2020

https://www.youtube.com/watch?v=NlB7HReFejE


Listing carefully, in the beginning... grin cheesy undecided

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by okmedics: 5:04pm On May 13, 2020
Please house,
What's your opinion on mobile banks like opay, vfd microfinance and kudda bank.
They are licensed by cbn but is it safe to leave a large sum of money with them?
Their interest rates on savings account are reasonable.
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:15pm On May 13, 2020
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 5:27pm On May 13, 2020
RabbiDoracle:


Banks suppose don begin move.

If you noticed, they are all reading within a narrow band. They seem to be gathering energy.

Today there seem to be unwillingness to sell sef. This could be seen in the volumes transacted.

May and June should see a rise, IMO.


I did notice that as well ..A rise what we re waiting for grin
Re: Nigerian Stock Exchange Market Pick Alerts by YesWeCan11: 5:27pm On May 13, 2020
ojeysky:


Yes it is possible, so long as it has not been executed

Ok. Thanks.
I was told to send mail before they can reverse the order that has not been bought.

Please how do you do yours?
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 5:32pm On May 13, 2020
YesWeCan11:


Ok. Thanks.
I was told to send mail before they can reverse the order that has not been bought.

Please how do you do yours?

I use my meritrade app, I go to orders and then hit cancel
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 6:03pm On May 13, 2020
Tvegas:
This is why i am a believer of emmanuelewumi's Long-term investment school of thought, i dont bother tracking things daily anymore. There is an adrenaline that comes when you are online, you will be tempted to buy or sell something. This was how i sold 100k unit of Zenith that i bought at N11 for N13. I still cant forgive myself till now. Bless your soul Rabbidoracle, you are good at what you do.

After you chop N2 margin...
U come dew write ...
If Zenith com reverse to N9 nko....
U like money 2 much ... cheesy grin wink

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by creategist: 6:07pm On May 13, 2020
@deebee87 & @emmanuelewunmi your input about CHN and CSCS across multiple brokers is well received. Thank you sirs.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 7:13pm On May 13, 2020
Tvegas:
This is why i am a believer of emmanuelewumi's Long-term investment school of thought, i dont bother tracking things daily anymore. There is an adrenaline that comes when you are online, you will be tempted to buy or sell something. This was how i sold 100k unit of Zenith that i bought at N11 for N13. I still cant forgive myself till now. Bless your soul Rabbidoracle, you are good at what you do.
I understand the feeling but you don't need to be too hard on yourself. Zenith is still a good buy at N15 if you really need to buy it back. I also bought Zenith and GTB at the March low prices, and I already disabled the sell buttons for these two giants.

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 7:15pm On May 13, 2020
Tvegas:
This is why i am a believer of emmanuelewumi's Long-term investment school of thought, i dont bother tracking things daily anymore. There is an adrenaline that comes when you are online, you will be tempted to buy or sell something. This was how i sold 100k unit of Zenith that i bought at N11 for N13. I still cant forgive myself till now. Bless your soul Rabbidoracle, you are good at what you do.

This is what I call careless JIJO.

I avoid JIJO with any stock in the following categories :-
1. Pays good dividends.
2. Doesn't reverse to previous low price.

JIJO is good on Stocks with high Volatility

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 8:24pm On May 13, 2020
rebekah2011:
Hello ooooo, this is not correct

Except am not understanding the meaning. please help me explain the narrative below. thanks

SMEs (small enterprise- turnover of less than NGN25 million annually, medium enterprise- turnover between NGN25 million and NGN100 million annually) constitute the bulk of businesses operating in Nigeria. The Bill proposes a number of incentives to encourage growth of SMEs in Nigeria, as follows:

Profits made by small scale businesses are to be exempted from tax. Furthermore, dividends received from small companies in the manufacturing sector are exempt from tax.
Re: Nigerian Stock Exchange Market Pick Alerts by gabscity(m): 8:52pm On May 13, 2020
seyisanya:
I understand the feeling but you don't need to be too hard on yourself. Zenith is still a good buy at N15 if you really need to buy it back. I also bought Zenith and GTB at the March low prices and I already disabled the sell buttons for these two giants.

When @Stcool still waiting for Zenith @ 9.
#CashIsKing grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 9:16pm On May 13, 2020
Stocks with new 52 week highs
Mobil 9eleven #176.90k
M & B #2.94k
Npf microfinance Bank #1.48k

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 9:25pm On May 13, 2020
CBN Increases Treasury Bills Stop Rates at PMA
https://businesspost.ng/economy/cbn-increases-treasury-bills-stop-rates-at-pma/

FEC Approves $25 as New Crude Oil Benchmark for 2020 Budget
https://businesspost.ng/economy/fec-cuts-oil-benchmark-for-2020-budget-to-25/

COVID-19: Nigeria Will Need N10trn Stimulus Package—NESG
https://businesspost.ng/economy/covid-19-nigeria-will-need-n10trn-stimulus-package-nesg/
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 9:25pm On May 13, 2020
gabscity:


When @Stcool still waiting for Zenith @ 9.
#CashIsKing grin grin grin
The same cash is king cliché that made so many miss Zenith, GTB, UBA, Nestle, DANGCEM, MTN etc when they bottomed out in March. Well, I'm also waiting for Zenith at N5 and GTB at N7 or even 20kobo( grin ). However, note that before this scenario plays out, some of us would have increased our cash reserves and join the #CashIsKing geng later in the year. cool

3 Likes

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