RabbiDoracle:
Q2 Q2 2020 GDP vs Q2 2019 GDP

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)

US GDP numbers: analyst are forecasting - 34.1% (minus 34.1%)

This looks like the developed economies are going to have a big bang! If you are there, brace for impact.

Unfortunately, summer is about to end after August and most countries that are dependent on tourism saw very few numbers of arrivals. Greece, Spain, France, Turkey, Malta, Australia, South Africa etc could be impacted harshly by slowdown in tourism.

We will see more as we enter into August.

Updates

2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)
USA - 32.9%
Spain - 18.5%
France - 13.8%
Italy - 12.4%
Portugal - 14.10
EU area. -12.1%
Belgium - 12.2%
Mexico - 17.2%
Singapore -12.6

China +3.2%

EU and the Americas (US & Mexico) are officially in recession.

Hmmm..... Developed economies seem to have underlying health conditions

If there is no recovery in consumption or/and economic activities between July 2020 till September 2020 (Q3) and October 2020 till December 2020 (Q4), then these economies are gradually walking into the worst Great Depression in human era.

MTN to Pay N3.50 Interim Dividend Amid 4.7% Drop in Profit
https://businesspost.ng/economy/mtn-to-pay-n3-50-interim-dividend-amid-4-7-drop-in-profit/

UBA Denies Involvement in N41bn NITEL Liquidation Scam
https://businesspost.ng/banking/uba-denies-involvement-in-n41bn-nitel-liquidation-scam/

Chams to Raise N500m Rights Issue, Convert Loans to Equity
https://businesspost.ng/economy/chams-to-raise-n500m-rights-issue-convert-loans-to-equity/

Cornerstone Insurance Shareholders to Get 7 Bonus Shares for 30
https://businesspost.ng/economy/cornerstone-insurance-shareholders-to-get-7-bonus-shares-for-30/

Consolidated Hallmark Insurance Offers Bonus Shares to Investors
https://businesspost.ng/economy/consolidated-hallmark-insurance-offers-bonus-shares-to-investors/

Ecobank Offers Loans to Female Entrepreneurs at 1% Interest Rate
https://businesspost.ng/banking/ecobank-offers-loans-to-female-entrepreneurs-at-1-interest-rate/

Can't wait to sink some funds during this bang

RabbiDoracle:
Q2 2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)

US GDP numbers: analyst are forecasting - 34.1% (minus 34.1%)

This looks like the developed economies are going to have a big bang! If you are there, brace for impact.

Unfortunately, summer is about to end after August and most countries that are dependent on tourism saw very few numbers of arrivals. Greece, Spain, France, Turkey, Malta, Austria, South Africa etc could be impacted harshly by slowdown in tourism.

We will see more as we enter into August.

Godlylifeoneart:
https://nairametrics.com/2020/07/30/warning-why-you-should-avoid-investing-long-term-in-nigerias-stock-market/



https://nairametrics.com/2020/07/30/warning-why-you-should-avoid-investing-long-term-in-nigerias-stock-market/





WARNING: Why you should avoid investing long term in Nigeria’s stock market.

The part of the story in your link which reads : "The early signs that this was a bubble was when spare part traders abandoned their trade to get in on the gold rush" got me rolling on the floor.

Long terming in NSE is surest route back to one's village.

RabbiDoracle:


Updates

2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)
USA - 32.9%
Spain - 18.5%
France - 13.8%
Italy - 12.4%
Portugal - 14.10
EU area. -12.1%
Belgium - 12.2%
Mexico - 17.2%
Singapore -12.6

China +3.2%

EU and the Americas (US & Mexico) are officially in recession.

Hmmm..... Developed economies seem to have underlying health conditions

If there is no recovery in consumption or/and economic activities between July 2020 till September 2020 (Q3) and October 2020 till December 2020 (Q4), then these economies are gradually walking into the worst Great Depression in human era.

And what effect should we be expecting from this to our own economy as our economy is not isolated from the world

Biafran4life:
And what effect should we be expecting from this to our own economy as our economy is not isolated from the world

The world is a global village.
All the economies of the world are interconnected by trade. Even the FPI’s that are the major drivers of our NSE are from these countries.
When they’re faced with not just a recession but the possibility of a “Great Depression” then your guess is as good as mine.
Let me leave you with some food for thought.
The last Great Depression happened in the 1930’s and it lasted for a whole decade.

Biafran4life:
And what effect should we be expecting from this to our own economy as our economy is not isolated from the world

There is an unwritten rule that when the developed markets are in recession or depression, investors should spread out to emerging markets where their money will keep working. Money must continue to do work. Where there is uncertainty, investors tend to move into areas of certainty (economies that are not affected).

Those in developed markets are faced with the options of holding cash under a very painfully low yield of close to zero interest or investing in bonds with negative interest. Since more of their companies will be closing down or going into bankruptcies (this has actually started), performance in their stock market will be below par.

On NSE front, we are faced with painfully low yields in the fixed income space or wonderful dividends in good companies. Some may want to hold cash, but for how long? So try reading about recessionary investing and act accordingly.

We will be watching to see what happens.

RabbiDoracle:


There is an unwritten rule that when the developed markets are in recession or depression, investors should spread out to emerging markets where their money will keep working. Money must continue to do work. Where there is uncertainty, investors tend to move into areas of certainty (economies that are not affected).

Those in developed markets are faced with the options of holding cash under a very painfully low yield of close to zero interest or investing in bonds with negative interest. Since more of their companies will be closing down or going into bankruptcies (this has actually started), performance in their stock market will be below par.

On NSE front, we are faced with painfully low yields in the fixed income space or wonderful dividends in good companies. Some may want to hold cash, but for how long? So try reading about recessionary investing and act accordingly.

We will be watching to see what happens.

Naturally those funds should be moving to Nigeria, but CBN capital controls is not helping matters.

FPIs can no longer move funds in and out of the country easily anymore.

RabbiDoracle:


There is an unwritten rule that when the developed markets are in recession or depression, investors should spread out to emerging markets where their money will keep working. Money must continue to do work. Where there is uncertainty, investors tend to move into areas of certainty (economies that are not affected).

Those in developed markets are faced with the options of holding cash under a very painfully low yield of close to zero interest or investing in bonds with negative interest. Since more of their companies will be closing down or going into bankruptcies (this has actually started), performance in their stock market will be below par.

On NSE front, we are faced with painfully low yields in the fixed income space or wonderful dividends in good companies. Some may want to hold cash, but for how long? So try reading about recessionary investing and act accordingly.

We will be watching to see what happens.

The bold phrase is quite interesting.

Thanks Rabidoracle

Greeting everyone,

I just checked the chart for NAHCO and saw a spike to a high of 5.00 NGN on the 23rd of July.

Knowing that price can't trade more than 10% range each day, I wonder whether this truly happened.

Can anyone here kindly help verify if you've got a paid version of tradingview?

Thanks.

Don't know how I feel for this guy

meshpips:
Greeting everyone,

I just checked the chart for NAHCO and saw a spike to a high of 5.00 NGN on the 23rd of July.

Knowing that price can't trade more than 10% range each day, I wonder whether this truly happened.

Can anyone here kindly help verify if you've got a paid version of tradingview?

Thanks.

It was an error from the site.

On that day it showed all stocks as trading at N5 including Dangote Cement

This has left the chart distorted if you use ichimoku cloud.

stcool:
Don't know how I feel for this guy

Thanks for sharing

Lutexx:


Thanks for sharing

Thanks Stcool. The mad guy was still saying he has piles of cash and he doesn't need more. His village People really meant business on his case.

meine:
Thanks Stcool. The mad guy was still saying he has piles of cash and he doesn't need more. His village People really meant business on his case.

From Knight of Delta (KOD) a MAN I respect so much in the investment world.

When he was shouting buy crypto...

Shows that NSE is not for long term!!!

Crypto is the Future

" Take your country out of your money " ~ Knight of Delta (KOD) 2020

stcool:
Don't know how I feel for this guy

Investors/ traders should learn to move on. I am sure when he sold for $600, he sold at a profit.

Just like someone who bought N1 million worth of Okomu at N5.00 per share in 2003 and sold for N2 million at N10.00 in 2005, now lamenting if he had held on and kept his bonuses, his N1 million would have grown to over N40 million in 2020 excluding the dividends earned.

We lose some, we gain some. The most important thing is that our gains should be more than our losses.


A stock trader should not be envious of stock Investors, same way a stock Investor should not be envious of a stock trader.

Pls house I need answer to this question. Is it a must that Bank Confirmation of signature for estate account must be up to 6 months before transmission of shares especially for Guinness and Nigerian Breweries?
This is frustrating and I need a way out.

emmanuelewumi:

A stock trader should not be envious of stock Investors, same way a stock Investors should not be envious of stock traders.

Words of wisdom.

RabbiDoracle:


It was an error from the site.

On that day it showed all stocks as trading at N5 including Dangote Cement

This has left the chart distorted if you use ichimoku cloud.

Okay, thanks sir!

Jymsyno:
Pls house I need answer to this question. Is it a must that Bank Confirmation of signature for estate account must be up to 6 months before transmission of shares especially for Guinness and Nigerian Breweries?
This is frustrating and I need a way out.

Generally that is the usual practice an account must be six months or more old before confirmation of signature can be issue on it.
It's not because it's estate account.

emmasoft:


Generally that is the usual practice an account must be six months or more old before confirmation of signature can be issue on it.
It's not because it's estate account.

Are you sure this position has not changed? A friend got confirmation after 2 months plus and Veritas took it.

Jymsyno:

Are you sure this position has not changed? A friend got confirmation after 2 months plus and Veritas took it.

Well it's a possibility but I know it has always be the stand on such transactions and processes involving e mandate and signature confirmation.

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Pls can you Gerrout of here...

17lee:
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17lee:
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Guy , go and open your own thread. You entered a lion s den here.

Please, house assist with this decision.
I have UACN and UCAP in my portfolio but I need to sell one this August for a need.
I am having difficulty deciding which to sell as UCAP gives me good dividend and UACN has underlying promise based on the coming unbundling which I don't want to miss out.
Please, I need your advice .
Ofcourse,I take responsibility of making my final decision.

Mcy56:

Mcy did not see anything wrong from my layman's angle but let's wait for the boss' response and analysis on it.

From my research of the bank, I think it looks more attractive to buy @ current price. ETI is planning to commence dividend payment from 2021 and from some experts forecast (FA), the lowest fair price is put at N7.62.

However, technically, its recent pullback from May's high looks too dip! Maybe you want to see a bit of strength on the price first before buying, but a rejection at daily support at the current price might also be good to key into the stock.

I'll discuss this in my weekly YT video on NSE Outlook - watch out!!!

sky2891:
Please, house assist with this decision.
I have UACN and UCAP in my portfolio but I need to sell one this August for a need.
I am having difficulty deciding which to sell as UCAP gives me good dividend and UACN has underlying promise based on the coming unbundling which I don't want to miss out.
Please, I need your advice .
Ofcourse,I take responsibility of making my final decision.

...A good problem there! If you needed cash urgently & not ready to loose out on both stocks, why not dispose off part of the 2 stocks to get the amount needed! In answer to your riddle lies in your heart

BullBearMkt:

...A good problem there! If you needed cash urgently & not ready to loose out on both stocks, why not dispose off part of the 2 stocks to get the amount needed! In answer to your riddle lies in your heart

Thank you so much but if I am ready to loose out on one, which do you think?

sky2891:

Thank you so much but if I am ready to loose out on one, which do you think?

UACN, thank me later

sky2891:
Please, house assist with this decision.
I have UACN and UCAP in my portfolio but I need to sell one this August for a need.
I am having difficulty deciding which to sell as UCAP gives me good dividend and UACN has underlying promise based on the coming unbundling which I don't want to miss out.
Please, I need your advice .
Ofcourse,I take responsibility of making my final decision.

Sell your laggards and keep your winners