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Re: Nigerian Stock Exchange Market Pick Alerts by Abiodunhezekiah(m): 6:51am On Nov 22, 2020 |
E 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:55am On Nov 22, 2020 |
As NBS report says economy shrank by 3.62% in Q3 •Rising debt profile, inflation, unemployment worsen economic woes •Experts blame COVID-19, #EndSARS violence, others for crisis Okechukwu Nnodim, Nike Popoola, ’Femi Asu and Tunde Ajaja Amid rising debt profile, inflation and unemployment, Nigeria, Africa’s biggest economy, has entered its second recession in five years as official figures published on Saturday showed that the economy shrank again in the third quarter of this year. This year’s recession is the worst in 36 years as data obtained from the World Bank showed that the country’s GDP dropped by 10.92 per cent in 1983 and 1.2 per cent in 1984. For the first time in more than three years, the Nigerian economy shrank in Q2 as the GDP fell by 6.10 per cent, compared with a growth of 1.87 per cent in Q1. The World Bank said in June that the collapse in crude oil prices, coupled with the COVID-19 pandemic was expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”. Total public debt, constituting both the federal and state governments’ external and domestic debt, in the first half of 2020 stood at N31.01trillion Inflation rate in the country jumped to 14.23 per cent in October from 13.71 per cent in September, according to the NBS https://punchng.com/nigeria-suffers-worst-economic-recession-in-36-years-wbank-data/?utm_source=Smartech&utm_medium=web-push-notification&utm_campaign=Recession&__sta=%7CHUJQ&__stm_medium=bpn&__stm_source=smartech BUHARI has done it again CASH IS KING BARGAIN HUNTERS TAKE NOTE! 3 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by vinco82(m): 7:56am On Nov 22, 2020 |
If I catch you!
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Re: Nigerian Stock Exchange Market Pick Alerts by Abiodunhezekiah(m): 7:56am On Nov 22, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by vinco82(m): 7:58am On Nov 22, 2020 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 8:09am On Nov 22, 2020 |
sirleke: I confirm that Get Rich Quick schemes that always end in tears are a real feature of an economy in recession! 12 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Valueinvestor: 8:24am On Nov 22, 2020 |
sirleke:What confirmation do you need again, that's a whooping 300% ROI in 1 single year.Just check if that name is on the Forbes list and that's all the confirmation you need 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Gee64: 8:59am On Nov 22, 2020 |
Please who's into Addy FX or Yellow Traders here? Please confirm if they are paying promptly. I need honest review please because I wouldn't want my hard-earned money to be at their mercy oh. I know it's Ponzi but I want to take calculated risk. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:00am On Nov 22, 2020 |
zimams:You guys have tried with various aspects of viewing the topic at hand......Recession ........and I particularly love your perspective. Let me remind us that Nigeria entered into recession before now........but worsen in Q2 cos of Covid-19 pandemic. In quote: "Nigeria economy shrank in the 2nd quarter of this year as GDP fell by 6.10% compared with a growth of 1.87% in Q1". The question is: Did banks/coys made profits during this period despite the global events? Did some people made fortune out of other's panic selling (at loss)? The same Q2 when the economy plunged into recession, some still made considerable profits. Most stocks appreciated by +100% or more in the said period. in essence, there's always opportunities presenting itself in any of these events. I think you needed to re-assess your reasons for being in this market and not just be there because someone encouraged you to do so. Let's remember that during recesion, investors tends to look for safe haven to hide.........and this is mostly in dividend yielding investments such as stocks, bonds, money market funds or any of such. While I'm not saying you should not do portfolio re-balancing, remember not to panic unnecessarily if you're in good dividend yielding stocks. You know why? Some bargainers such as Peter are already lurking in a strategic corner with their sharpened cutlasses to make a kill from your panic. When there's recession, efforts seems to be in top gear to stem or find solutions to it, this may in turn be followed by a recovery in which stock market especially won't be left out. If you are sitting on a good profit, you may sell to re-enter at much lower prices SHOULD stock prices fall beyond expectations. Bargain investors always make good use of the opportunity too.......as could be seen in March/April 2020 when prices were very low but appreciated when activities picked up in the economy,coupled with reduced fixed income rates, etc. If you're not in profit, try not to sell at loss. Dividends will take care of things till economy recovers or things normalize. If you have steady flow of income, it could be a good time to wait for bottom prices and average down......good example is Zimams Zenith holding up here. The much noised recession might not even be as worst as portrayed, social media has a way of blowing things out of proportion......and may not be as simple/good as it may seems. This is Mcy's perspective too. Make Una no vex for the epistle. 14 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:13am On Nov 22, 2020 |
Expect more positive news once Peter is able to enter market at bargain prices again........before then, brace up for more negative news. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:18am On Nov 22, 2020 |
currentprice:Lol. I'm not disturbed, just curious. CP, I can easily get the moniker, I just don't want to stress myself by checking thru 2018 posts and matching Megawealth's posts with the old moniker, no time for that. If you know say it. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:22am On Nov 22, 2020 |
cucumbar:Click on the moniker and send them private message (PM). Remember to mention it here so they can know it's you cos they receive uncountable numbers of PMs and may not be attending to all. Some just send PM for sending's sake. No tangible reason for doing so. |
Re: Nigerian Stock Exchange Market Pick Alerts by S007: 9:24am On Nov 22, 2020 |
The ponzi schemers are even trying to invade this place. Na war o. Patronizing then always end up in premium tears. � 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:27am On Nov 22, 2020 |
arduino:Lol. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:29am On Nov 22, 2020 |
debeey87:No wonder the share price went up. Any info on Royalex too ? |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 9:36am On Nov 22, 2020 |
zimams: Thanks for this analysis Bro Greatly appreciated (100%) ���� Will do more research and DD on my end also �������� |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:46am On Nov 22, 2020 |
Nigeria Economy Picks Up As Rate Of Negative GDP Growth Rate Reduces Gradually From -6.10% in Q2 2020 to -3.62% In Q3, 2020........NBS https://www.nairaland.com/6271138/nigerian-economy-picks-up-rate#96301967 So Peterichy which one do we believe now. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 9:52am On Nov 22, 2020 |
Mcy56: Mehn no vexing at all Oooo rather kudos This has benefited me greatly (100%) and am sure many newbies like me have picked up a thing or two as well. I thought this year alone was the year for greater analysis and calculations based on events but it seems next year too will be the same if not requiring more looking before leaping Thanks a lot ���� 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 10:15am On Nov 22, 2020 |
[quote author=S007 Some friends did The Map stuff ,right now na prayer to receive payment!! |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 10:28am On Nov 22, 2020 |
sirleke: Na wa for you oo. are you a learner? You don't need to dignify some messages with a response or mention 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sincerelymine(f): 10:33am On Nov 22, 2020 |
emmanuelewumi: What if he is the same person.....engaging himself for attention 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 10:36am On Nov 22, 2020 |
3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by lostinHeaven: 10:37am On Nov 22, 2020 |
sirleke: Someone should confirm rubbish for you abi ? 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 11:26am On Nov 22, 2020 |
emmanuelewumi:please sir based on FBNH q3 2020 results...what is there fair price |
Re: Nigerian Stock Exchange Market Pick Alerts by arduino: 11:32am On Nov 22, 2020 |
Krisuba:Hehehehe..... Premium tears. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 2:11pm On Nov 22, 2020 |
RECESSION Rebalance your portfolio. At this time, you are not to quit investing rather rebalance your portfolio- real estate, stocks, fixed income, mutual funds etc. Try and align with sectors that have businesses not affected seriously by the recession or have great prospects after the recession. At this time, you can take advantage of fall in fundamentally sound stocks prices and accumulate. There could be distress sales in some real estate, there are still some mutual funds that guaranteed capital and interest. Do a proper rebalancing Economic sense needed to be gotten/acquired. Get economic sense. It’s time to get economic news, information that will enhance your investment decision, you can get a mentor at this time, instead of lamenting about recession and just talking about it get economic sense out of it. Cast out non profitable investment quickly. Recession is is a ship in the sea that is trying to sink as a result of overload (remember the ship where Jonah was travelling in what the occupants did). To avoid the sinking of the ship the best thing to do is to throw away excess goods to save the most valuable ie life. If you have investment that gone sour instead of just looking at it to sink salvage the one you can and move on. Endeavor to be realistic with your financial status, present and future. No need to live in denial or think you are insolated from the recession. Select carefully what you commit your money into during recession. Don’t throw your money around be careful. It is good to take risk but during recession the risk should be seriously calculated before it’s taken i.e. if you must take the risk at all. Yes, rates are low in fixed income instruments but if you are risk averse there is not point to give yourself high BP just be realistic. What you cannot handle do not venture into it. Stop and analyse to see what exactly how recession affects your business/work or income flow; do not be in the bandwagon; if you can get opportunity during recession grab it. Do not be carried away by hearsay or the news on social media. Analyse the situation and apply it to yourself personally to see exactly how the recession affects you. Yes, recession is seen to be generally a bad time but analyse carefully it may not all be bad going by our different dispositions and investment inclinations Information must be well filtered before acting. In recession you hear of business or investment that looks too good to be true. Look critically. Do not be carried away by the promised returns. Always consider the safety of your funds/capital because if you lose your capital your own recession will get deeper than the general recession in the economy. ONLY you have absolute power over your investment. Whatever happens to your investment only you can do the needful. Do not rely only on what you hear or read rather be yourself and do your due diligence. Analyst are good when it comes to analyzing but at the end you are the only one that is affected by your decision not the analyst No excuses take responsibility of all your financial decisions it will help you so that you can easily retrace your steps if you have made wrong financial or investment decision or pursue your decision to the end without allowing distractions. In conclusion, the news of recession should not make you lose sleep. It is not time to only talk about the government or shift blames rather take advantage of it and do something for yourself. it is not strange after all the experience of 2016 is still fresh. Note also recession is just a state of the economy at a particular time it is not permanent. The best thing to do is make sure you learn one or two things as we move on. It is well with all of us. 17 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:43pm On Nov 22, 2020 |
stockish:Lol. Is ETI JIJO friendly? As for me, I don't think so. FCMB - Yes. ETI - No. My list: Sterling, Unity, Zenith, UBN, Japaul and Royalex. They required patience for the round trips. *Updated* 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 3:53pm On Nov 22, 2020 |
There Q3 result was good o. EPS between 20-30k not sure again. Not sure of RoyalEx sha Mcy56: |
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