What is that bid on transcorp.. I came to bail out some funds but looking at that bid hmm.. is somebody trying to trap people?

emmanuelewumi:


With N30 billion you will own 100% of FBN, what are you waiting for?

You.. I’m waiting for you.. after you don buy I will submit application letter as your personal cleaner..

stcool:


My point is the possibility of FBHN trading @N1 on the NSE while the entity survives a crises and your money will be intact in your account.

Off course FBHN can't be wiped out unless Nigeria seizes to exist.

Anyways let me stop here! They are already crying that I am predicting doom

FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

thesilentone:


You have overflogged this issue. Considering most people on here did not ask for your opinion when they wanted to build their portfolio, making it sound like Armageddon has arrived won't help to push your case. Why not let it rest? Moreso, not everyone here is a trader. So, giving a blanket advice of SELL (mostly unsolicited) gives the impression that you might have an agenda. Let everyone stick to their plan. If you're in cash, we are happy for you. If you are in sound coys, we are happy for you.

Stcool See your stone

RabbiDoracle:


Germany, Spain, Austria, Italy. They are all opening up.

Hunger wan finish them.

They are saying all die na die.

Lol

RabbiDoracle:


You can't keep money in the bank if the country goes down. Banks will be wiped off as well

So where do you keep the money? You want to heap money under MATTRESS?

Nigeria will not learn from this event. Though this event is worst than 2014 to 2016 oil price decline. I must confess.

Dem say weytin you no know no go kill you na true oo..
Something like this happened in 2014-16 and I was living my life peacefully but now that I’m in the game I don drink 1kg coffee finish under 2 weeks just to keep me woke .. fx and stock double wahala.. I want my life back!!!

Ghana lift lockdown.. as workers to go back to work.. but schools and religious centers remain under lockdown.. Oga president can’t stand anymore red I guess

stcool:


Exactly...but the guy wants me to paint a slight picture.

You are selling @$12 with no single buyer and its cost you about $30 to produce same barrel

Tell me where you are heading...recession is an understatement unless the unexpected happens!

Worst is our leaders don't even know warris happening... The governors are waiting for month end to rush to Abuja to share money. Until dey will hear no money one day!

Chai !

Trump turn caramel as indices crash not because TraDeRR got some positions in S&P but because himself got some positions.. ofc e no go use him name

rebekah2011:
Sir, this is what is expected to happen but you can not be too sure that everyone adhere to this. One of my senior colleagues once told me about how he discovered that all his bosses were active investors in the NSE through blind trust companies. This was in the 70's.

Lol na today yansh dey back ?

emmanuelewumi:



That is the truth, you can do your findings.

With the blind trust managed by the Trustees, you don't trade online, you don't give purchase or sale mandates, you don't get dividends, you don't know the stock bought on your behalf. You only get you yearly performance of your investment at the end of the year and can make withdrawals.

Just as you don't know the stocks you Pension Fund Managers is buying for you in your retirement savings account

Ok this is where the smartness comes in.. you are her friend right ?
Lol even Trump owns shares

I want to watch NSE film today.. yesterday was oil

ZikkyChops:

When was that

.


Lol sht! sorry my time.. Im 1 hour ahead..

Let me be working in NSE and make I hear say I no invest in NSE

emmanuelewumi:


I think they have to inform their employers, who will inform NSE.

I have a friend who works in NSE, she said they are not allowed to invest on NSE. They can only invest in mutual funds, Treasury Bills, money market funds, bonds, Commercial papers. Their husbands, wives and children can invest in shares.

If they must invest on NSE, they must inform their employer. And the investment will be through a " blind trust", to be managed by a Trustees.

She is either telling you story story or she is not smart..

Why is NSE close?

stcool:


Panic ke...is like you don't know warris going on

This is how low Bonny light is...no single buyer yet!

Wahala dey oo..

RabbiDoracle:


Everything is affected so long as there are forced closure of businesses.

Na only stock market dey open.

How your end na? Hope not much in your city?

I Dey oo.. not much in my city..

emmanuelewumi:


Passive income is also affected, 6 of my old man's tenants have not paid their rents which should have been paid since January. But on the worst scenario they would have paid since March.


Passive income in form of dividends will also be affected in 2020 and 2021.

The only thing is ti have money than enough cash reserves in money market funds and other near money assets.

I want to believe he’s referring to something like supermarkets or food selling but if it is His hostels or house rentals, then he should get ready for story.. Divorce and lack of house rent payment are the new C-19

Northeastern:


Chief, what you are saying here is just theory.

An economy is on lockdown and you are here talking about passive income. Please mention the passive income streams that are lockdown-proof.

While at it, you may do well to note that one man's passive income is another man's main source of earning.

His hostels

Chai shey I no go wake up one day begin find transcorp for nse ? My God!

Those that bought at 18 now -50% already ! So fast! Nawah oo..

Even stocks with good Fundamentals follow.. nawah

Zenith at 10

Nawah oo the blood never stop

Godisfaithful:
Bitcoin is getting crushed. We will reload it again below $3K lol �

Danm ! $3k ! I have CAC on my radar too but I must wait all the dust settles first

A rate cut from the Euro zone is inevitable today.. let me go and look for how I can make money there.. to cover for my transcorp loss

arduino:

I hope the market never swallor your Diamond/Access loot.

Everything even dey pinch my capital join slowly.. I’m dead arduino. Chai !

RabbiDoracle:



Then and now are not the same.

Then there was no QE. Ben Bernanke started it afterwards. They even introduced the TARP.

All those were to stabilize the market.

Breaking news : Circuit breakers activated in US futures.

Jay Powell will shout Jehova soon.

Menh!

emmanuelewumi:


Why are you asking for circuit breaker?

There was non during the bull market frenzy.

This is a phase of the market, enjoy it and make good use of the opportunities this season has given us

This sell off na! I can’t think of anything other than something to halt ! This crazy fall

I know I’m in a big mess and not in any place to give advice.. but I’ll post anyway
nobody should buy until they announce cure for this virus and Saudi and Russia stop their oil war..
play safe guys.. it’s far better to miss some kobo when everything return back to normal than to try to catch the bottom..