emmanuelewumi:


What stocks do you have on NASD?


I have four stocks namely CSCS, Friesland Wamco, Afriland Properties, Niger Delta Exploration and Petroleum Development

Wamco, afriland properties, cscs and MiXreal

jideflash:
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!!

You did this to "Cumbersome"?
What Caverton is doing to it's passengers right now...

otomatic:


Govt cannot default on Naira denominated instruments. They will simply print more money. Default can be on the Foreign currency instruments like Eurobond, as they have no control over those currencies (they need to earn it as against printing it).

Countries default on their own currency. Though it is usually rare but it does happen.

Argentina in 2001.
Venezuela in 1998
Russia in 1998
Ukraine in 1998
Ecuador in 1999
Jamaica in 2010 and 2013.

RabbiDoracle:


Countries default on their own currency. Though it is usually rare but it does happen.

Argentina in 2001.
Venezuela in 1998
Russia in 1998
Ukraine in 1998
Ecuador in 1999
Jamaica in 2010 and 2013.

They need Chinese Economists...

Coolcash1:


Printing money as logical as it may sound comes with grievous economic and financial implications for the government. It simply gives government security bad rating,causes panic, and discourages investors to hold such investment. The other implications that come with QE for such an unproductive and debilitating economy like ours will further send it into comatose and possibly nail it to the coffin.

I doubt if they will just print Naira. Economists surrounding the president will not allow that. So count that out as a possibility. Instead the country will continue to borrow and the citizens will hear weeeeeen!

onegentleguy:
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

I'm late to the party!

I join the others to tell you welcome.

ZikkyChops:

Wamco, afriland properties, cscs and MiXreal

Mixta Rea estate, former ARM Properties.


What was the dividend declared last year

Dow, S & P and NASDAQ are all flying.

News of having a vaccine around December.

DeRuggedProf:


They need Chinese Economists...

RabbiDoracle:
Dow, S & P and NASDAQ are all flying.

News of having a vaccine around December.

We are still waiting for the bottom...

emmanuelewumi:



Mixta Rea estate, former ARM Properties.


What was the dividend declared last year

Afriland Properties paid 20k this year

CSCS paid 86k this year

Friesland Wamco paid N7.80k last year

Niger Delta paid N10.00 last year

lol, no be so. depending on your entry price + dividend, we should all be good. i entered bulk of my holdings at N1.7 ( i have been giving update from 90kobo), and the company has been growing steadily in revenue and stock price. so no doubt its a solid company with new contracts signed recently. Moving forward, the company has completed setup of their MRO center and should launch the Training facility within the next 12 months ( with its 1st of the kind in Africa worldclass flight simulator on its way to Nigeria), their income will be better diversified.

But as you see we here are just minority holders, we cant afford to suffer the coming market blow like them (majority shareholders), as Capital preservation is key. We shall return once the storm is clear. We are here to be our brothers and sisters keeper.

DeRuggedProf:




You did this to "Cumbersome"?

jideflash:
lol, no be so. depending on your entry price + dividend, we should all be good. i entered bulk of my holdings at N1.7 ( i have been giving update from 90kobo), and the company has been growing steadily in revenue and stock price. so no doubt its a solid company with new contracts signed recently. Moving forward, the company has completed setup of their MRO center and should launch the Training facility within the next 12 months ( with its 1st of the kind in Africa worldclass flight simulator on its way to Nigeria), their income will be better diversified.

But as you see we here are just minority holders, we cant afford to suffer the coming market blow like them (majority shareholders), as Capital preservation is key. We shall return once the storm is clear.

So you have joined Warren Buffet to flee the promised land waiting for the Giants to be killed first....
I like how nimble you are.
You can still re enter below N2.
The stock market is like Nigerian politics, hunger can teach you disloyalty.

onegentleguy:


I had to advise him to take a chill pill and relax because it would still rise back above his entry peg.
...my projection is a near $14,730 price.

Expect a massive sell off on BTC within the coming days.

RabbiDoracle:


Countries default on their own currency. Though it is usually rare but it does happen.

Argentina in 2001.
Venezuela in 1998
Russia in 1998
Ukraine in 1998
Ecuador in 1999
Jamaica in 2010 and 2013.

Hmm. Then no investment is guaranteed/secure, maybe low risk

emmanuelewumi:



Afriland Properties paid 20k this year

CSCS paid 86k this year

Friesland Wamco paid N7.80k last year

Niger Delta paid N10.00 last year

Update: Niger Delta Exploration has proposed N17 this year. AGM and payment is 17th June. Qualification date is 29th May 2020

Prof you whats up. Yes o, we cant be the victims when the giants are crying. What is the essence of been in a forum like this, if i wont learn from the many experience of traders here as well.
Buy low, sell High.
Loyalty doesnt always make you win. Imagine those who bought Gtb, Fbn and Zenith at their record High back in 2007/8. now add the loss due to yearly inflation and FX devaluation.

Profit you make can be kept and still be loss. But Loss is Loss. Never Lose you capital. #playsmart and wait for the best opportunity. Nigeria is in trouble right now, our second highest source of FX ( the diaspora) are also struggling. by august the crisis will become clearer.


For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

DeRuggedProf:


So you have joined Warren Buffet to flee the promised land waiting for the Giants to be killed first....
I like how nimble you are.
You can still re enter below N2.
The stock market is like Nigerian politics, hunger can teach you disloyalty.

otomatic:


Hmm. Then no investment is guaranteed/secure, maybe low risk

Risk is low.

In safety, you can't have a zero risk. I believe same goes with finance. You can only reduce risk to As Low As Reasonably Practicable (ALARP).

DeRuggedProf:




You did this to "Cumbersome"?
What Caverton is doing to it's passengers right now...

What is that ?

Any hope for my transcorp?

For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

emmanuelewumi:


What stocks do you have on NASD?


I have four stocks namely CSCS, Friesland Wamco, Afriland Properties, Niger Delta Exploration and Petroleum Development

Please Is NASD PLC stock still unavailable for trading?

RabbiDoracle:


Countries default on their own currency. Though it is usually rare but it does happen.

Argentina in 2001.
Venezuela in 1998
Russia in 1998
Ukraine in 1998
Ecuador in 1999
Jamaica in 2010 and 2013.

Thanks for the input. You know people get carried away by the fact that its government, so default risk is zero forgetting that our economy which is heavily driven and dependent on export of primary commodity does not support such assertion.

Let him that has ear let him hear.

RabbiDoracle:


I doubt if they will just print Naira. Economists surrounding the president will not allow that. So count that out as a possibility. Instead the country will continue to borrow and the citizens will hear weeeeeen!

....that may be escape root since they always boast that our debt to gdp is the lowest in Africa.... They will continue to borrow until creditors put for sale on the country....

RabbiDoracle:
Dow, S & P and NASDAQ are all flying.

News of having a vaccine around December.

Hope NSE go respond well tomorrow ooo...

jideflash:
For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

Audio EPS.
A stock that you their chief auditor saw the results and mistakenly sold.

A stock that traded at sub 80k when there was no Coronavirus let alone now that airline stock are taking a hit due to Coronavirus.

Even our almighty Buffett turn to JiJOist due to the pandemic.

WARNING! WARNING!! WARNING!!!
Anyone buying CARVETON above N1.00k is doing so at his or her own risk.

BARGAIN HUNTERS TAKE NOTE

arduino:

Hope NSE go respond well tomorrow ooo...

I believe it should. Because it responded during the worst of news in April and May. Why won't it now that data coming out seems better than previous months.

Everything is just liquidity driven.

Though fundamentals of all economies have not yet aligned with reality.

The way i am looking at CSCS eee...it is an institutional stock. It is registrar of stocks.. it cannot go down unless NSE disappears...and it is constantly making money from fees and commissions.

Bros, na oil and gas industry you de?

RabbiDoracle:


Risk is low.

In safety, you can't have a zero risk. I believe same goes with finance. You can only reduce risk to As Low As Reasonably Practicable (ALARP).

onegentleguy:
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

WELCOME COME BACK BOSS

NA U BIKO OOOOOOOO

ODOGWU!!!!

jideflash:
Prof you whats up. Yes o, we cant be the victims when the giants are crying. What is the essence of been in a forum like this, if i wont learn from the many experience of traders here as well.
Buy low, sell High.
Loyalty doesnt always make you win. Imagine those who bought Gtb, Fbn and Zenith at their record High back in 2007/8. now add the loss due to yearly inflation and FX devaluation.

Profit you make can be kept and still be loss. But Loss is Loss. Never Lose you capital. #playsmart and wait for the best opportunity. Nigeria is in trouble right now, our second highest source of FX ( the diaspora) are also struggling. by august the crisis will become clearer.


For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

FOOD FOR THOUGHT


In 1982
$1.42 sold for N1.00

In 2020
$1.00 is now selling for N460

NAIRA has lost 99.85% against USD while USD has gained a whooping 65220% in value against NAIRA


BARGAIN HUNTERS TAKE NOTE!

onegentleguy:
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

Bros you don show, welcome.Abeg no dey try this kind expensive play next time ...this na money matter,lol