Mcy56:

You jumped out of UBA and other ones too quickly and threw money away in the process but no need to feel bad, i blvd you still made something on them regardless.

I agreed with Sir OGG that its somehow difficult to advice on what to buy now, prices have jumped up...... however, there's pullback ongoing, maybe you just keep monitoring market to know when major reversal will occur.

Thsnk you mcy. I'm observing closely

GonFreecss1:



Very important questions.

10% every month? - hahahahaha. I am too sceptical.

10 million will give me 1 million every month? I go just quit my job. I no go read again sef.

It sure would be a scam !!
The "quit my job" part was very funny though.

Dfavouredone:
Dear Fellow Investor,

At this time of low rate, one is looking for an alternative investment with a good rate and this is what I found.

Returns Market Investment Nigeria Limited (RC: 1621572), they promised 10% ROI monthly for 300k minimum investment.

Their claim is too good to be true, so I brought it here for fellow investors to help look into it to see if this will not turn to another MMM.

Below is their site to use check them out, let evaluate them to see if this is a big breakthrough to be happy about or a bubble that will soon burst to run from.

https://returnsinvestmentnigerialimited.com/

https://www.facebook.com/Returnsinvestmentnigerialimited/

Another thing is, I message them online that this their claim of 10% ROI monthly is too good to be true and that how secure is the capital and I hope this will not be like MMM where people lost their capital after some time. And this is was their response, "There is 100% security of every capital invested with us we are registered firm and also regulated by Security Exchange Commission SEC".

Is this their response enough security and guarantee for our hard earn capital?
Fellow investors lets discuss this opportunity and see the pros and cons.

Stop spamming Investment threads looking for who to scam. Do not let me report you for a ban ooo. You posted this same thing on treasury thread and you were told to how to verify a genuine Investment. You still came here still to lure people there.

Oga Emmanuelewunmi has tried in answering you sef. I can assure you that you will not get any traffic to that thread. You will also not see anyone foolish here to dupe.

RabbiDoracle:


So in your own analysis, you see June 2020 as having a fall towards March low.

Kai, I don suffer.

June that is wickedly bullish. There is nothing someone will not see on this Nairaland.

Person no japa since, na June the person wan japa?

Good evening house. Please I need some clarification. I sold my JB on the 28th and today I received a mail from the registrar stating my invite to the AGM... bla bla bla..
Is that a pointer to the fact that I'm shortlisted for div payments knowing that 29th was qualification date? Thanks.

onegentleguy:


It sure would be a scam !!
The "quit my job" part was very funny though.

Hahahaha! What else will man do?

But yep! It’s most definitely a scam. Most people here don’t give a Bleep and won’t even look at it twice.

rebekah2011:
Closed at N27.5 today, it will open on Monday at N21.25

I have strong feeling that would be the price on Monday morning.

Spanish La Liga to resume June 11.
English Premier League to resume June 17.

Inter state flight will start June in Nigeria.

Normalcy is back.

Money will chase equities. Uptrend is on.

onegentleguy:

As promised, let me add more credence to the accuracy of the formula above.
Today is the qualification date(pre mark down date) of JULIUS BERGER and the coy closed @ N27.50

To derive the mark down price, simply substitute the N27.20 price used in the illustration above(upper post) with today's closing price of N27.50.
When u do the maths, u 'll arrive at a Mark down price(Mp) that's approximately N20.90
i.e. Mark down price(Mp)= Pbm- [Pbm[Br/(Br+1) + Dd]
So Mp= 27.5- [27.5[1/5÷(1/5+1)] +2]= 27.5 - [27.5(1/5÷6/5)] + 2]= 27.5 - 27.5[(1/5×5/6) +2]= 27.5- [27.5(1/6) +2]... which simplifies as 27.5- [(~4.58) +2]= approx N20.92
Which ordinarily would be N20.90 as mark down price given that JB is a category B stock.(quoted price band must range at +/-5k or N0.05)

However, because there is a high fractional shares as seen from the bonus part of the formula(Pbm[Br/(Br+1)), we will have to assume a range.
In retrospect that bonus part which is approx 4.58 connotes an over 0.58 in fractional shares, so the coys registrar will have to assume a peg in line with the company's previous OS.
A lot will depend on whether they decide to round up or round off that fraction. If they round up, that 4.58 will be 4.6 or 5. ...and if they round off, it would be 4.6 or 4.
Either way, the answer will range somewhere btw N20.50 and 21.50

Hence, Mark down price for JB given the 1 for 5 bonus plus a N2 dividend at N27.50 will be btw N20.5 and N21.50
...so I expect JULIUS BERGER to open for trading on Monday @ a price within that range.

cc: @ MishdaFish, rebakah and Krusiba

Hello folks, a top registrar official just chated me to inform that the part I highlighted in bold is usually no longer considered when adjusting for price on mark down date.(this place has some big people oo)

This has now informed the need for me to further simplify the formula above as;
Mark down(Mp)= (Pbm-Dd)/(1-1/Br)
...where Pbm as always, is the coys price before mark down, Dd the dividend declared, while Br is the bonus ratio.

While the 1st formula is also accurate, there might be intricacies with deriving the final answer especially where the closing price of the stock before mark down(i.e on qualification date) is a value in fraction(i.e 26.7, 30.4, 10.5 and todays N27.5 closing price of JB etc)

And using this formula, Mp= (Pbm-Dd)/(1-1/Br), where Pbm= 27.5, Dd= 2 and Br=1/5.
Therefore, Mp= (27.5-2)/(1-1/5)= 25.5÷6/5= 25.5×5/6(math rule of inverse reciprocal)
So Mp= 25.5x5/6= 21.25.
Hence, JB should open on Monday @ N21.25 following the discount(markdown) for bonus and dividend.
Pls take note and be guided accordingly.

cc: @ MishdaFish, rebakah and Krusiba

Selah.

Stocks with new 52 week highs
Neimeth #1.13k
Bua #42.00k

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/30231_DANGOTE_SUGAR_REFINERY_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

N1.10

Qualification date: June 19.

And somebody panic sold today to depress the price without reading the financials properly. That's why it's good to get accurate info before taking decision.

We go join the June bull reach the promise land.

onegentleguy:

Hello folks, a top registrar official just chated me to inform that the parts I highlighted in bold is usually no longer considered when adjusting for price on mark down date.(this place has some big people oo)

This has now informed the need for me to further simplify the formula above as;
Mark down(Mp)= (Pbm-Dd)/(1-1/Br)
...where Pbm as always, is the coys price before mark down, Dd the dividend declared and Br the bonus ratio.

While the 1st formula is also accurate, there might be intricacies with deriving the final answer especially where the closing price of the stock before mark down(i.e on qualification date) is a value in fraction(i.e 26.7, 30.4, 10.5 and todays N27.5 closing price of JB etc)

And using this formula, Mp= (Pbm-Dd)/(1-1/Br), where Pbm= 27.5, Dd= 2 and Br=1/5.
Therefore, Mp= (27.5-2)/(1-1/5)= 25.5÷6/5= 25.5×5/6(math rule of inverse reciprocal)
So Mp= 25.5x5/6= 21.25.
Hence, JB should open on Monday @ N21.25 following the discount(markdown) for bonus and dividend.
Pls take note and be guided accordingly.

cc: @ MishdaFish, rebakah and Krusiba

Selah.

sellydion:
N21.25 is the ideal price for it to open,

however OGG has another price ( fingers crossed)

Not really.
I had to further dymisify the initial formula to arrive at a new one after a chat with a top registrar official.(see post above)
...so @ rebakah's estimate on JB is also correct !!

Note however that the previous formula is also accurate. But like I said, it might be more complex for folks to derive a finite answer if the closing price before markdown(on qualification date) is a fraction(in decimal).

Bottom line: Both formula' can be used, but for simplicity, use the new one above.

Selah

RabbiDoracle:


So in your own analysis, you see June 2020 as having a fall towards March low.

Kai, I don suffer.

June that is wickedly bullish. There is nothing someone will not see on this Nairaland.

...now that's the problem !! The part in bold is what he is seeing. It's funny how a TA person would be seeing evidences of a retrogression where there is a progression.

That last part though is why I said I sometimes laugh over his assertion.
Dude is good. But he needs to refine that his VAP model.

And using this formula, Mp= (Pbm-Dd)/(1-1/Br), where Pbm= 27.5, Dd= 2 and Br=1/5.
Therefore, Mp= (27.5-2)/(1-1/5)= 25.5÷6/5= 25.5×5/6(math rule of inverse reciprocal)
So Mp= 25.5x5/6= 21.25.
Hence, JB should open on Monday @ N21.25 following the discount(markdown) for bonus and dividend.
Pls take note and be guided accordingly.

cc: @ MishdaFish, rebakah and Krusiba

Selah.[/quote]
Thank you sir for the guidance, the formula you worked finally would be use for educational purposes. I have benefitted from you immensely. Thanks @rebekah also! I took a decision this afternoon not to participate in the dividend, hence sold at 27.45, would re-enter at a later date.

Intendy:
Stocks with new 52 week highs

Neimeth #1.13k

Bua #42.00k

NEIMETH has now returned approx 200% gain from the time we called it out here @ 38k !!
...yet it appears unready to "rest on its laurel".

We think that a 230 to 279% gain is feasible in the near term.
However, all those in might gradually consider booking their profit in line with their investment personality, horizon and goal.

It is well.

cc: @ OBAGADAFFI, Chibjohn, Charlesnipy and others.

Dfavouredone:


So you think...

Of course.... Or are you getting positive feedback?

Service is the pathway to everything you need in life and service is your life signature in time.

Dfavouredone:


I don suffer on top question I'm trying to reason. Me, looking for who to scam?

To be honest eh, I'm a very humble person and I don't like showing myself because of how far God has brought me. But you that is taking about scam people, I'm not sure you earn as much as I used to do give away just this month, is that the person someone will scam.

If you fail to report eh, shame on you.

I am not in competition with anybody. It may be true that I may not even earn what your servants earn. That does not disturb me in anyway.

What disturbs me is why a very rich man like you will want to lure other people to a corner where you can trickishly obtain from them under pretence of introducing Investment to them.

Mcy56:
@Peterichy
Caverton was up with 18kobo today to close at 2.58.
About 7M bids chasing 1M offers or thereabout.
Hope you and those bad-mouthing the stock were able to pick some units at 2.35 or you're still waiting at N1 junction.
Like I said, Mr. Market will do what Mr. Market will do.

So the Management is also doing same with their business guidance?

I still have some Caverton that I bought at N1.78, but I still say N2 and below is only separated by time!...
Can't deceive myself.

This new rule of stamp duty on receipt of any type of fund alert......Frequent traders should update us o!!!!! I have removed all forms of sms alert on my acct cos y should a bank wish me happy birthday and charge me for it.....I tot I have escaped this form of charge now we have stamp duty on email alert

I'm the favoured one.

Good evening my people.

The week was a good one, stock wise. I do hope you all traded appropriately.

While it would be intellectually relieving to assume that we all have common interests, may I unapologetically state that not all posts here are worth your time. Some post are mischievous, phishing and deliberately misleading. Some are crafted to ride on the sentiment of the momemt with underlying intent to deceive. Also, some are righteously informative.

Please, always do your due diligence. You can not be too careful in this matter.

May you all have a great evening and happy weekend.

PharmAlfred:
Spanish La Liga to resume June 11.
English Premier League to resume June 17.

Inter state flight will start June in Nigeria.

Normalcy is back.

Money will chase equities. Uptrend is on.

Maybe, just maybe, Nigeria might escape going into a recession afterall.

Given the drawback from the month of April and May, Q2 GDP will almost certainly be poor, but Q3 may likely peg higher than Q2(but lower than Q1). ...and all things been equal, ride on another inflection point to growth off from Q2(albiet slowly)
This might help dislocate a back to back run in negative Nos.

The month of June ends Q2. Would be nice to see what the PMI will highlight for June following the strain witnessed in the last 2 months.
Should there be a reversal on certain key derivatives in the PMI in June and it is maintained in July, then that would be some good start.
More importantly, if our reserve peg stays above current level(the offshot of oil prices hovering above benchmark), CoG pruned, and the border is reopened, then maybe the country can escape a recession.

That part in bold is where the problem will lie !!
Only if our leaders can take certain decisions. Some policy decisions ought to have been taken ealier.(particularly on the fiscal side)
But Nigeria is never a serious place. ...it's just a portfolio country !!

It is well.

DeRuggedProf:
Oracle threw a challenge here that had far reaching implications.
He summarized by coming out boldly to say he will STATE THE TIMEFRAME for the realisation if the projected prices..

Think deep about this.

When will Guiness hit N15?

I have the feeling that Guinness will still go lower too.
What magic will they do in q4?

locodemy:


Oga onifa,you should know better nah.I have been making my 10% even before match till now.if I tell you the % I have made this year even when you started telling us to prepare for 10 10%.Some people have been there since March till date.

I have done jijo on zenith, wapco,fcmb,Afripfud,ucap,mbaker, neimeth, fidson etc severally this year alone and the last one is fidson which I exited at almost 55% and still counting.

In your presence I will enter fcmb and exit again peacefully and you will continue counting on March entry.

My oga,this jijo is now my twin brother and I will misunderstand you going forward hence I can prove jijo goes no error at my end since I started trading online without broker.Gone are those days I relied on advice to invest.

Hope you check your BP as you jijo

Think of future, if the Lord tarries to come, will you live long to enjoy ur jijo money?

Alcohol even worsen BP

Nahco 2019 year end result is finally out!!!
.30k dividend declared.

Hmm people saw this result before close of trade hence last minute rush for it today.

Many shits happens while some are busy analysing!!!

Naija we hail thee.

DeRuggedProf:
I still have some Caverton that I bought at N1.78, but I still say N2 and below is only separated by time!...
Can't deceive myself.

Prof, Caverton plc poo and vomitus are usually scanty

sophy17:
Nahco 2019 year end result is finally out!!!
.30k dividend declared.

Hmm people saw this result before close of trade hence last minute rush for it today.

Many shits happens while some are busy analysing!!!

Naija we hail thee.

Source?

onegentleguy:


Chai God !!
NEIMETH has now returned approx 200% gain from the time we called it out here @ 38k !!
...yet it appears unready not "rest on its laurel".

We think that a 230 to 279% gain is feasible in the near term.
However, all those in might gradually consider booking their profit in line with their investment personality, horizon and goal.

It is well.

cc: @ OBAGADAFFI, Chibjohn, Charlesnipy and others.

Chief,
Please what is your opinion on GSK?