Mcy56:
https://nairametrics.com/2021/01/29/ecobank-nigeria-has-stable-outlook-quality-management-fitch-rating/

Also secured a huge fund recently to boost operation.
I think these are reasons we didn't or won't see from fall in that Stock. Some huge investors don't look the way we look sometimes.
I may be wrong though.

DrAwo:

I understand perfectly well...
Its a simply sign of where we currently are in the grand scheme of things (market cycle)...

For the NSE, another 2008 loading...

9free:

I no go mind make NSEMPA-Reddit group help me pump Zenith to N100

DrAwo:
It's indeed amazing how discussions on this thread has gone from investing to gambling...

Is that what we have become now? Maybe I am being too critical though...

Happy investing...

Sorry... My mistake...
Happy gambling...

yMcy56:

You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

Harvestock01:
You have everything to lose because the new price will obey the law of gravity!

nessot:
You want enter Forbes list

Mcy56:

Oga mi, don't know if you're referring to my post on HWF.......
Well, Bigjay answered you right sir.
As for HW, it's a penny stock and I know Nsempa old wines especially are not favourably disposed to it.......BUT, boss, just know I did some background checks on it before posting it here......and the word gamble doesn't really mean "gamble" in it's real sense, but to absolve myself of at blame from whosoever wants to take risk in the stock..........so he/she would know that risk is involved.

** As for Honeywell, the stock exited its loss position and now in profitability......going by the Q3 released result.
** It's a stock in consumer goods and the sector is performing well....... Covid-19 lockdown also helped the coy in launching into profit zone.
** If performance continues to improve, then the stock will likely continue its Northward movement.
** Also the gurus who can conveniently predict some of these stock were on sabbatical. So do you blame someone like me (and Megawealth) using the word "gamble" ?
** Also remember I'm a "daily market observer", sometimes some pre-market/market activities may point to something suspicious.
** Anyway, Mcy is not here because of oldbies, they can as well stay off my posts.

You're too much jare. Our jewel of inestimable value. God blesses you for your selfless contributions. (signed)

Mcy56:

Oga mi, don't know if you're referring to my post on HWF.......
Well, Bigjay answered you right sir.
As for HW, it's a penny stock and I know Nsempa old wines especially are not favourably disposed to it.......BUT, boss, just know I did some background checks on it before posting it here......and the word gamble doesn't really mean "gamble" in it's real sense, but to absolve myself of at blame from whosoever wants to take risk in the stock..........so he/she would know that risk is involved.

DrAwo:
OluwaMercy...
How dare I refer to you? Not at all...
I was just pointing out the state of things generally on the thread...

I totally understand why everyone uses the word gamble. We are all trying to absolve ourselves of blame if things go wrong as they sometimes do...

The word in itself just proves that there is a lot of speculation in the market now which is a sign of impending "financial endtime".

The drumbeat being loud and strong does not mean that the dancers aren't tired...
#Selah......

ositadima1:


A bachelor's degree in electrical engineering, do you want to offer me a job

DrAwo:
The word in itself just proves that there is a lot of speculation in the market now which is a sign of impending "financial endtime".

The drumbeat being loud and strong does not mean that the dancers aren't tired...
#Selah.......

DrAwo:
It's indeed amazing how discussions on this thread has gone from investing to gambling...

Is that what we have become now? Maybe I am being too critical though...

Happy investing...

Sorry... My mistake...
Happy gambling...

DrAwo:

The word in itself just proves that there is a lot of speculation in the market now which is a sign of impending "financial endtime".

hmohammed:
Anybody with hint about Zenith bank results. I understand they have submitted to CBN already.

hmohammed:
Anybody with hint about Zenith bank results. I understand they have submitted to CBN already.

jideflash:
Sovereign Trust Insurance 2020FY result wasnt bad. No dividend should be expected with their negative retained earnings and recapitalization pursuit. this is a stock i will like to re-enter but at 20kobo .

9free:

I no go mind make NSEMPA-Reddit group help me pump Zenith to N100

jideflash:
Sovereign Trust Insurance 2020FY result wasnt bad. No dividend should be expected with their negative retained earnings and recapitalization pursuit. this is a stock i will like to re-enter but at 20kobo .

Danniee:
10M supplier in Transcorp in batches preventing its nothern movement, na wa oooo.......

Tvegas:
I Just wanted to add that 2008 is different from 2021. I lost a lot of funds in 2008 so i have an idea of what you are saying. The guys gambling with penny stocks right now know what they are getting into, in 2008 we were just following the likes of Stockswatch buying up dead stocks that had no office address . Quick information and enlightenment was scarce back then. Presently Selling or Buying is at the tip of their fingers.

I also think the market will never be complete without the gamblers. If you look at the volume done on many of these penny stocks there is really nothing much to lose if things go south. Sir also consider the recent spate of inflation, cement was 2600 six months ago presently its 3600. These inflationary trend should Reprice all classes of assets including stocks. So i wont be suprised if we see the re-pricing of some stocks, i mean new highs becoming lows. (Though this is NSE where commonsense doesnt apply most times)

Finally the Fixed income market is presently unattractive with poor returns, i think funds will stay in this market much longer. I also think the Bull will keep moving some stocks while leaving some behind but anyone expecting the Covid drop seen in March 2020 is on a long journey. I for one sold off my stakes months ago but there is no attractive fixed income investments right now hence i am back in the market again putting some funds into WAPCO and VITAFOAM.

Meanwhile is this Dr Awo, my old friend whose activist Dad was a celebrated lecturer in Unilag?

nessot:
Not sure you will get it at .20kobo

Signed,
CHI + STI

Mcy56:

Sir, reading this part again, I'll say I don't really understand it.
What makes the dancers to be tired?
Do you think the stocks are over-priced?

maishai:


Sir, kudos to your good works, different strategies are rife in here.....,

I'm currently sitting on over 100% profit on all stocks I bought during covid saga

Please help me and the house by announcing stocks that are overpriced as the reports starts churning in

I still see a little steam in the engine of some stocks notably wapco grazing #40,zenith smelling 30 bucks, uba kissing #10

Cc
All nsempa nembers

maishai:


I still see a little steam in the engine of some stocks notably wapco grazing #40,zenith smelling 30 bucks, uba kissing #10

megawealth01:
Insurance won't repent