The investment awareness in Nigeria is still very very low. It has more to do with lax regulations and the selfish nature of the managers of quoted companies. Oga Loco, has advised us to get a minimum of N5m to play the market. I am looking for my own N4.8mm to complete my seed money.

Chibuking81:

That's act of wickedness, for selfish purpose, then tell me if new comers will not see NSE as gambling. Let new comers see stock market as an investment arena, where payment of dividend is priority, with that ideology they will save and make huge amount of money in future, than seeing it first from nairabet ideology.

Your head is too correct Sir.

CashDiMkpa:


Many of the companies that went out of business did'nt fold up for economic reasons. They folded up because they were run by crooks. Some of these are however still around.

Many of the business with better structures and ownership also experienced downturns due to combination of economy and crooked leadership e.g. Unilever, Cadbury, NB etc. but they are still around and doing business.

LESSON: If you want to invest for the long term, its still a viable strategy but select your companies carefully and always track company news as well as management news.

Oga mi Sir. do you have 5m that you are not using. My portfolio no even reach quarter of this big amount.

locodemy:


The Koko be say make Nsempa members try to get a minimum of 5m naira for trading.We can never be a victim to any stock hence we are satisfied with 10%.

If they manage to declare 40kobo dividend, the price will not drop but rise to something like N3.5

Mcy56:

Noted sir.....if you said so.
Why are you looking like that? Village People abeg oooo, make Una allow us to dey do our jijo in peace.
Chai!! I missed ucap jijo, risky to buy at this high price again, they may start dumping it again tomorrow.

There will not be much divergence. There will always be a way.

CashDiMkpa:


Lets see the divergence from AFS first then we will know if that initiative is being manipulated.

United Capital has 6b shares outstanding. Dividend at 40k will give N2.4b, can they pay out this amount? anything is possible.

ndidigood:
u know y.
Last year l bot reasonable unit @3 +
And I sold 2+ after chopping div.l lost so much because l jumped in when they announced div hoping it will apr8.
I no carry last this 2020 especially on the ones that l jumped in.I will not think twice

" kama efi m ya agbanahu m egbubirim ya odu.

United Capital Plc or what stock again? Madam, it gained 26kobo today. maximum of 10%.

Mcy56:

No sir. It's 2.76 for today. Previous close was 2.60.

Payment of 30kobo like they did last year is possible. Do not also forget that the excess tax dividend which also restricted them from paying more has been abolished. In fact I will not be surprised if they pay 35kobo. EPS at Q3 is already 46kobo

thebargainhunte:
Adjudging from previous released results, I doubt fantastic result from UCAP. This pure manipulation

Madam, you mean 2.86?

Mcy56:

It's good then sis.
Good to be at safer side at least.
It closed 2.76. Chai! I was away from market since.

the meeting is tomorrow. if the result is super good. It will be released tomorrow but if not good, sometimes next week the result will drop. They have swallowed the offers finished.

Mcy56:

Lol. This is the kind of thing half info can cause....but It appreciated in price.
At least whosoever sighted it first should have put small note on EPS and proposed div.
Let me go and check it self.......

http://www.nse.com.ng/Financial_NewsDocs/28738_UNITED_CAPITAL_PLC_CORPORATE_ACTIONS_JANUARY_2020.pdf
Some people are expecting the same 30k dividend as declared last year.

DeRuggedProf:
UCAP

Likely to be dumped on people VERY VERY VERY soon. WATCH N2.80 - N2.85 JUNK YARD...

NB: I have been severally VERY WRONG.

This room is full of too many comedians.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/29068_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC_CORPORATE_ACTIONS_FEBRUARY_2020.pdf

This one TOE babes are taking over!

Obene Kwa Kwa. Bottom power ati take over.

Agba, come and see the babes we should go after henceforth. These are the real slay mama's.

They will be fine. I even see the thing touching N5. No one should come for my head ooooo.

Mcy56:
Hope say Una don see Japaul bah?
If you get stuck there, next time you go dey respect JP core jijoist's opinion.
Make Una wait for the next news to bail out, we may never know, you may be lucky too.

Oga, how did you get 1.5%? consideration, in this case, is 7250000 plus the charges it increased to 7315245.20. The % increase is just 0.00906. and the sell side will give you 1.234%

Biafran4life:
Pls I decide to download my statement from Morgan.I thought it was said here that both buying and selling with Morgan is like 2 percent.How is 50,000 of dangota buying at #145,00 arrive at #7,315,254.20 using this commission.This is above 1.5 percent alone for buying

Oga mi, how can you call that a good result? In life, lessons must be learnt. It depends on an individual to choose the method he/she wants to learn.

pluto09:



They published a very good result but the problem is how believable is what was reported......

Those who have access to the inner workings of the company will know better.

Whether is pumping or dumping oooo. I do not care, the price moved today.

mendes911:


I wouldn't call that P& though...

It was not a stupid decision, you only had itchy fingers.

Jejebabaa:

Thanks sir for checking on me but unfortunately i am still stuck in the market as i used the uba proceeds to buy zenith bank due to greed of dividends yield in Zenith. It was a stupid decision i made though as i could have waited for zenith to bottom and buy lower with more units.

I thought the coy was happy with border closure. Just N595,254,000 PAT

Agbalowomeri:


Which kain thing be this?
Just to submit something haba
Some people need to be flogged Lol

http://www.nse.com.ng/Financial_NewsDocs/28969_OKOMU_OIL_PALM_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf
This Okomu unaudited na real wa oooo

Oga Oracle, nothing go happen wey never happen before. we are here gidigba.

RabbiDoracle:


Brace for impact guys!

These ones are better. Allow your tracker to hit these

eziokwunwoko:
Awaiting for UBA, NAHCO, JB TO DROP FURTHER TO RELOAD.

Oga please allow your tracker to miss its target ooooo

eziokwunwoko:
I AM TRACKING THE STOCK( I DONT SHARES IN OANDO).

what do you want to do with this result? They will pay penalties. The result will still go to FRC( Financial Reporting Council. Coys that have going concern issues must always get clearance for the FRC before the accounts are released to the public.

eziokwunwoko:
Please OANDO result unaudited Q4/FYE 2019, has it been released?

mendes911 and Mcy56, you people will not kill someone with laughter.

He has not said anything that should not be said now. Sir, put out your own views too.

veecovee:


What if it fails to happen exactly as you said

Pls stop playing God. No one knows it all.

Try to be using words like "I think"

Beeni Sir

emmanuelewumi:



That should be Ibrahim Boyi.

He left a long time ago. But one of their guys also was in Eterna Oil before he went to PAN in Kaduna to run things. Those guys are not fit to head any business. Corporate scammers lawon boys yen. Employees to take over coy and now became richer even than the company.

emmanuelewumi:




The trio that run the show at Ocean and Oil, Oando are Wale, Mofe and Jite.

Jite still has his shareholdings in Ocean and Oil, the parent company of Oando. Jite left Ocean and Oil about 3 years ago or thereabout to start Notore Chemical

They were introduced to the market at N62.50 by reputable market players. Those are the real crooks.

aPharmAlfred:
This Notore Chemical people have not made a dime since they listed on the stock exchange. Loss every time. The promoters of the company must be very fraudulent or iioutright crooks

too early now.

bigjay01:


I have bought back @9.15 a portion of what i sold @10.5

It is a function of how you see this market. If I do not sell, I have only lost the opportunities that I could have derived if the cash was invested elsewhere. when I will say I have lost completely is when there is no recovery for the stock. UPL, if the price goes lower, it is just an opportunity to average down because I know the cash position is not bad. with the right focus of government on education, it will spur the industry again and I can bail out and never look back into that industry again. The banking sector is just the best in this market. Buy right and you will just relax and be enjoying nice dividends.

Chibuking81:

I doubt it , except those that fail to answer bonanza call. Those who answer the call will at this point only lose some percentage of their earning. Like Fidelity/FCMB @ #1.40, Zenith at #16, GTB at #26 and many more. The like of Zenith and GTB will still rise above #24 and #35 soon. One can bail out if you see a good stock that loose more, and you feel that you can make more gain from it, one can come down from his vehicle and enter that one.

Ohhhhhhh. this your stone is too big now. Thank God I dodged it.

mendes911:


UPL, abi?

what of the oldies that are still paying school fees? who will console them? make everyone just carry his/her kaya jejely.

Jejebabaa:
Please we need to console the newbies and co that were asked to buy access at 12, UBa at 9.25, zenith at 23 ati bebelo. This time shall pass. It's all part of tuition fees.