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Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 9:01am On May 26, 2020 |
DAVIDOLAWALE: Best time as you have missed the march entry is to wait till October to cherry pick good stocks like zenith, gtb, nestle, access, uba, dangote cement, wapco, mtn at bargain prices ahead of earning season. However, if you are a long term investor, that is you plan to hold for 5years in return for yearly dividend, you can buy any of the ones i have mentioned now. 4 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 9:01am On May 26, 2020 |
emmanuelewumi: Can I buy through Morgan capital? |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 9:03am On May 26, 2020 |
emmanuelewumi: Oh I see. Thanks for the insight 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:04am On May 26, 2020 |
Julius Berger will be marked down on June 1 2020. We will revisit this. I have not factored the effect of wht in my calculation. onegentleguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:11am On May 26, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by Bengurion1: 9:23am On May 26, 2020 |
onegentleguy: Welcome back bro!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 9:41am On May 26, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by samzepaparazi: 10:08am On May 26, 2020 |
onegentleguy: Every I think of wema, I remember you. Welcome back. Still gladly on my drug of patience. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:15am On May 26, 2020 |
emmanuelewumi: Thanks for this info, just discovered my brokers Is eligible. https://nasdng.com/investors/full-list-of-brokers/ https://nasdng.com/prices-markets/otc-securities-categorization/ 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:18am On May 26, 2020 |
onegentleguy: Welcome Back! |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:24am On May 26, 2020 |
rebekah2011: Ok let me give a fine example... Let's use a company that declared both a bonus and dividend in the past, since that's what fits in. For the 2018 calendar year, VITAFOAM declared a 25k dividend and a bonus of 1 for 5. Qualification date at the time was 15th Feb, 2019 while CDR(closure date of register) was 18-22 of Feb, 2019. VITAFOAM closed on Friday 15th of Feb, 2019 @ N4.78. ...and opened after mark down on the 18th of Feb, 2019 @ N3.78 (17th & 18th of Feb was a Saturday and Sunday) So Mark down price was N3.78 Now let's extrapolate with these figures to see if we'll arrive at the same 3.78 mark down price... Using my formula; Mark down price(Mp)= Pbm- [Pbm[Br/(Br+1) + Dd] Pbm= N4.78, Dd= 25k and Br= 1/5 And substituting figures, Mp= 4.78- [4.78 [1/5(1/5+1)] + 0.25]= 4.78- [4.78 [1/5(5/6))] + 0.25]= 4.78- [4.78(1/6) + 0.25]= 4.78- [~1.0467]= 4.78-1= N3.78. ...and that was exactly the opening price of VITAFOAM on the mark down date(18th Feb, 2019) Note how the 1.0467 figure was approximated to 1. Coys can't pay u in "decimal figures". Again, equities are traded in Naira and KOBO and since 0.0467 is less than 1kobo, that 1.0467 figure has to be rounded off to 1. If u understand the formula, u'll know that its just the price of a stock before mark down/qualification date(the 1st Pbm part) deducted from the summation of the bonus ratio(the Pbm[Br/(Br+1) part) and dividend declared(the Dd part), which gives u Mark down price(Mp)= Pbm- [Pbm[Br/(Br+1) + Dd] I simply used a combination of logic, variation and basic algebra to derive it. Friday May 29th is the qualification date for JULIUS BERGER, so I'll do this again using the closing mkt price on that day. (Monday June 1st is the mark down date) The formula is absolutely correct. Just ensure u note how each symbol are put in the brackets and do ur computation well. ...and dont forget to also respect Mr BODMAS !! Still in doubt? U can pm me for a side bet of any amount... let me use ur money to take Nkwobi and a bottle of non-acoholic wine. Selah 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 10:30am On May 26, 2020 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by naturalflow: 10:31am On May 26, 2020 |
good money ooo,please how do I apply stop lose(SL) on Morgan system? |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 10:32am On May 26, 2020 |
Justcul: I just went to the official website of NASD. I could see Afrinvest, Investment-One, Greenwich and a few others as brokers. Apparently Morgan Capital is not on the list. You can send them an email to find out. My only surprise is that Cash Craft is there 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by gabscity(m): 10:36am On May 26, 2020 |
IYGEAL: Check well. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 10:46am On May 26, 2020 |
emmanuelewumi: Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:04am On May 26, 2020 |
samzepaparazi: U mean u haven't sold down(even if its a part of ur holding) since then? Are u sure u have not been taking "more than the required dose of patience"? Sometimes u need to sell a stock when it rides up to a great premium above ur entry price and buy back when u see it "persecuted" for no just cause. "The reason why discerning men sometimes fight and run away, is so they could live to fight another day" While WEMA is a great pick @ the current mkt price, take note to learn from the writings herein. The KEY is NOT with having the required PATIENCE, but having the RIGHT DOSE OF IT !! "In the stock market, the BRAVE ONES often "fight and continue to do so", but the SHREWD ONES know when to "fight on" and when to "fight and run away". ...the problem is that the market usually prefer to award "the WINNING medal" to the latter group." ~Sinclair "When the stock market request for 'a drink' from u, give to it but ONLY if its a sound but cheap one. ...and when it offers u 'a drink', take a sip, then drink a bit more but try NOT to get intoxicated. It's a great way to benefit more from 'him' over TIME." ~Sinclair "If ur answer to weather u've experienced more losses than wins in the stock market is YES. Then FIND OUT if ur answer to weather u've grown with different INSIGHT at different STAGES of ur development is also a YES. ...but before then, ENSURE that that growth was BUILT on the REQUIRED FOUNDATION." ~Sinclair "If u plan well ur VISION, u will often times execute ur MISSION. But in between that planning and execution MUST come KNOWLEDGE, STRATEGY and DISERNMENT. ...otherwise u might well be 'a prisoner of war' to the stock market and the intelligent few in it." ~Sinclair "If u want to KNOW if u can SUCCEED in the stock market, then 1st find out where u fall in between SMART, INTELLIGENT and DISCERNING. ...but remember that the market has been CONFIGURED to have and work with all 3 attribute as a collective." ~Sinclair "The market will sometimes present a discerning investor with 'souvenirs'. ...often times, they are even 'bigger gifts' for lesser monies. The problem however, is with knowing when to indulge it on an exchange. ...for therein lies ur pathway to success !!" ~Sinclair Do well to note these 6 nuggets. It will help u !! 6 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by billtommy(m): 11:29am On May 26, 2020 |
Coolcash1: Boss can you break it down to the understanding of newbies? What will depress the prices of stocks come october? |
Re: Nigerian Stock Exchange Market Pick Alerts by afroxyz: 11:32am On May 26, 2020 |
onegentleguy: How does one trade in bitcoins? |
Re: Nigerian Stock Exchange Market Pick Alerts by Justcul(m): 11:37am On May 26, 2020 |
IYGEAL: Its there bro, scroll to the next page and you'll find it there. I don't know if I need to ask them to open an account in that regard. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:40am On May 26, 2020 |
Justcul: Admittedly, I didn't check if there was a next page. That's why my assertion wasn't authoritatively conclusive. These days, making straightforward statements are quite risky I will check again. But if you found it there, that's fine. You'd need to send them an email to open the account for you and proceed from there. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:46am On May 26, 2020 |
IYGEAL: I was reading from my mobile phone. Now checked with pc, and almost all traditional stockbrokers are listed as eligible. Morgan Capital is on number 61. Good to go. https://nasdng.com/investors/full-list-of-brokers/ |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 11:46am On May 26, 2020 |
gabscity: You're right. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chibjohn(m): 12:13pm On May 26, 2020 |
onegentleguy:It's nice to have you back. I tried reaching out to you. Sent you a WhatsApp message as well as SMS. Tried calling too but couldn't get through. It's good to know you are ok. |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 12:35pm On May 26, 2020 |
After more research and analysis with insiders and external resources on Caverton. Its clear Caverton will take abit of beating this 2020 FY. Large FX liabilities/expenses and lower Revenue expected with oil major slowing down operations. With cash reserve, we don't expect a loss yet. It will be advisable to watch from the sidelines. I'm Out!! 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 1:00pm On May 26, 2020 |
emmanuelewumi: Some stockbroking firms that can trade NASD stocks: Investment One Morgan capital CSL stockbrokers Currently for Investment One, you can't trade on NASD platform as a client like is done on the NSE main stream, and I think it's same with others as well. If you wish to buy NASD stocks like CSCS, Afriland, WAMCO (Peak milk), etc you give instruction through mail and your order will be executed. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:01pm On May 26, 2020 |
emmasoft: My NASD account is domiciled at United Capital Securities 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 1:07pm On May 26, 2020 |
emmanuelewumi: That is why I said some. The list is not a full list. I just gave the ones that came to mind Sir. |
Re: Nigerian Stock Exchange Market Pick Alerts by ZikkyChops(m): 1:08pm On May 26, 2020 |
Mine is with Meristem |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:16pm On May 26, 2020 |
ZikkyChops: What stocks do you have on NASD? I have four stocks namely CSCS, Friesland Wamco, Afriland Properties, Niger Delta Exploration and Petroleum Development 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by otomatic(m): 1:18pm On May 26, 2020 |
Coolcash1: Certainly. But defaulting will still have the same effect. Even worse when the instrument is denominated in your own currency. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 2:00pm On May 26, 2020 |
Thanks to everyone for the warm welcome and love. ...I heart u all !! This is wishing us a blissful week ahead. ...and of course a corona-free and healthy life to our families and everyone we hold dear !! Regards 8 Likes |
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