Omo....I just saw today's price list, i tried to look away today
Are we going to see a new low on this one? and Dangcem rarely does !% gain/loss... it leaps +6/+9 gain/loss.

ositadima1:
All the gains in DANGCEMENT is almost gone o. I just tire, whether na to sell or buy more. What kind of market be this na?

CashDiMkpa:


Are you done with Sterling? Hope you have a target holding period there?

Still holding all my stock positions...but no new funds going into the market for now.

Thanks @Onegentleguy

onegentleguy:


It also Impacts on COST.
Although the border closure mainly impacts Import, Export will also come at a higher cost(COSG) as it means that they'll likely spend a little more pushing for sales.
...the result is a pressure in GROSS MARGIN and eventual decline in NPM.

I do understand the reason for ur question though. ...guess the motive behind it is that FCMGs are infact, suppose to benefit from the border closure.
There are 2 ways to that though;
1) Where their revenue margin(greater sales in view) tilts between exports and local sales.
2) To what extent/degree they rely on import of raw materials.(Import substitution/backward integration in view)

Coys that will be highly favoured by the border closure are those those whose revenue build-up relies far more on local sales than export with point No 1... and those who rely less on import of raw materials for their goods with point No 2.
Where the 2 criterias are met, u should expect nothing short of an acceleration in NPM.(the 1st entails higher gross margin while the 2nd betters EBIT/operating margin)

This is why coys like DANGOTE SUGAR, OKOMU OIL and FMCGs like UACN and FLOURMILL will be better positioned than the likes of UNILEVER, CADBURY and PZ.
The 1st 2(DS and OKOMU are in line for bigger gains)... while UACN and FLOURMILLS are the best placed in FMCGs.

Beyond the matter of border closure, UNILEVER had other issues. ...signs to their worries were there before then.

It is well.

RabbiDoracle:

The truth is that most of you that do JIJO only come to say it when you successfully exit. When you get trapped, you become ghost

Absolute truth, Peter has also been quiet for sometime now. If it's before you would hear things like " Guinness and UACN are picking passengers at K12, heading to km 20". The Current lull don humble everybody. A good time for Dividend investors to buy though.

ositadima1:

Funny thing is that it doesn't seem like this downturn is ending anytime soon, prices may revisit the previous lows.

Quote me in the future, prices are not going back to the march low for now even if most companies declare losses. Unilever should have declined by 10% today if poor results will lead to low prices.

I have said it before and I will say it again, as soon as this Forex disparity is resolved the market will move. It may happen earlier but not later.

Mcy56:

Lol. Nothing do you bros. Na Siddon look many people dey now, including jijoists self.
Hope you're good.

Am good sis . Make I run go meet my buddy buddy jejebabsy and Oga mi R .. onifa to bail me out

RabbiDoracle:


Hope you now see the problem with JIJO?

Are you not vomiting your gains now?

Oga mi I Dey humble oo

RabbiDoracle:


Not true.

You are not prepared for it. You got trapped

Loco got trapped in Fidelity at 1.70 and he kept quiet.

The truth is that most of you that do JIJO only come to say it when you successfully exit. When you get trapped, you become ghost

You are right Oga mi R onifa .. Na after the thing trapped me I con prepare for it Worst case scenario

ositadima1:


I no too blame my self sha, I bought it for long term back then. Plus, Afriprudential registrars refused to process my e-mandate and dividends on time. Imagine, I was just receiving my dividends a few days ago.

United Securities not Afriprudential Registrars. I have this Registrars mixed up, lol.

The directors mopped up all shares from Sterling bank cooperative

Meanwhile, Tony keeps buying.

http://www.nse.com.ng/Financial_NewsDocs/30960_U_B_A_PLC-UNITED_BANK_FOR_AFRICA_-_NOTIFICATION_OF_INS.pdf

Ibrahim505:
US stocks are more volatile compared to Nigerian stocks. Imagine, gaining over 200% by a penny stock in a single trading day.

Lol I rode the Novan wave team NOVN, results/news impact stock prices unlike in Nigeria a company would release something stock price would hardly budge

bigjay01:
Meanwhile, Tony keeps buying.

http://www.nse.com.ng/Financial_NewsDocs/30960_U_B_A_PLC-UNITED_BANK_FOR_AFRICA_-_NOTIFICATION_OF_INS.pdf

Better days ahead.

Believe in yourself gang.....

Meanwhile, when was the last time Tony sold UBA?

Some of us might find these interesting
https://www.fsdhgroup.com/research

Jaiz bank alsmost doubled their profit in their Q2 2020 financials

http://www.nse.com.ng/Financial_NewsDocs/30961_JAIZ_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_202.pdf

ositadima1:
Not me.

Okay. Sorry.

ebuka1997:


Lol I rode the Novan wave team NOVN, results/news impact stock prices unlike in Nigeria a company would release something stock price would hardly budge

I did too. That is how an efficient market works unlike our NSE.

With depreciating level of naira, i am tempted to hold my investment in usd by selling off most of my stocks on nse and focus on us market.

Heishere:
Jaiz bank alsmost doubled their profit in their Q2 2020 financials

http://www.nse.com.ng/Financial_NewsDocs/30961_JAIZ_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_202.pdf

Full Bid loading...Looking like they would run it upto N1.00

That is why buy low (good ones) chop dividend, wait for price appreciation works in NSE unlike volite markets,

I see investment more of NSE but with this devaluation, USD asset class is the way to go. Please is there away to get cheap Dollar instead of
this cut throat price in black market?

Coolcash1:


I did too. That is how an efficient market works unlike our NSE.

With depreciating level of naira, i am tempted to hold my investment in usd by selling off most of my stocks on nse and focus on us market.

sellydion:
That is why buy low (good ones) chop dividend, wait for price appreciation works in NSE unlike volite markets,

I see investment more of NSE but with this devaluation, USD asset class is the way to go. Please is there away to get cheap Dollar instead of
this cut throat price in black market?

Look for diaspora funds. I mean people abroad who want to send money home. They most times sell at discounted rate.

stcool:


Full Bid loading...Looking like they would run it upto N1.00

It's already moving. It's a pity I'am out of funds at the moment.

Heishere:
Jaiz bank alsmost doubled their profit in their Q2 2020 financials

http://www.nse.com.ng/Financial_NewsDocs/30961_JAIZ_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_202.pdf

Despite all the lockdowns. Banks may not do so bad this q2

Guys, i need your candid advice.

Direct cash settlement vs Stockbroker cash account which is better?

I noticed Direct cash settlement always delay at times it takes more a week for payments .

Mpeace:
Despite all the lockdowns. Banks may not do so bad this q2

I knew before now that banks made a lot of profit during the lockdown. I didn't know Jaiz was among them.

I can't access Morgan here ... how are ur ends folks

OBAGADAFFI:
Guys, i need your candid advice.

Direct cash settlement vs Stockbroker cash account which is better?

I noticed Direct cash settlement always delay at times it takes more a week for payments .

The difference between the two is that when you sell, your bank account gets credited with the proceeds and not your brokerage account. This means you will have to be transferring back to your brokerage account every time you want to buy. I have tried DCS before and had to switch back to brokerage account funding to reduce the impact of bank charges.

So, DCS is not advisable for traders but good for long term investors.

RabbiDoracle:


Then imagine if the stock does 98% in reverse?

Tell him o.

stcool:
I have started investing heavily into Crypto...

This NSE dey dull, I cannot have all the patience and still watch Naira mess up my investment

The remaining half of the year is me & crypto...NSE can hold the one I have given them

Going forward na observe mode I dey for NSE...Full playing crpto

There are 2 types of traders
Those that are HUMBLE and those that will be HUMBLED.
With the little time I have been on NSEMPA, I have seen the market sending many on permanent EXILE.

Jejebabaa:

There are 2 types of traders
Those that are HUMBLE and those that will be HUMBLED.
With the little time I have been on NSEMPA, I have seen the market sending many on permanent EXILE.

Ododo Oro.

True talk

Please guys any recommendations on how I'm going to buy metal futures. A little bird told me that gold might hit 4000usd per ounce before the end of the year

lancee:



Am good sis . Make I run go meet my buddy buddy jejebabsy and Oga mi R .. onifa to bail me out

I Dey loyal boss. If he no poo, he go vomit as per our Oracle.

The way NSEMPA now view thread

Let's EXPECT an AUGUST visitor

BARGAIN HUNTERS TAKE NOTE!