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Nigerian Stock Exchange Market Pick Alerts - Investment (7567) - Nairaland 4h1xu

Nigerian Stock Exchange Market Pick Alerts (13089820 Views)

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ositadima1(m): 10:12am On Feb 02, 2024
defebe:


https://www.ceicdata.com/en/united-kingdom/bpm6-balance-of-payments/bop-financial--portfolio-investment

Is this the net flow of investment capital in and out of the UK? What does this have to do with earnings and repatriated funds?
BullBearMkt(m): 10:16am On Feb 02, 2024
kalkah:
I was suprise by the previous post. UK import most of their foods and fruits - Banana, shrimps, fish, etc. The question how are they defending their currency?

Reflected in their currency
grin grin grin grin grin

1 Like

yMcy56: 10:16am On Feb 02, 2024
KarlTom:
FBN
No gree for anybody grin grin grin
N5Bn don enter that side sharp sharp @ today's high, 26.20........N8.8Bn!
Someone or an entity just crossing chains of 50m bulk units grin

Market up today again.......

Some stocks on full bid as at now....

NEw GOLD @28,000, 31,000, 54,000 or so! shocked
How dem dey take trade that stock self?
We go dey manage our own JAPAUL Gold for our own corner..... grin

2 Likes

defebe: 10:16am On Feb 02, 2024
ositadima1:


Is this the net flow of investment capital in and out of the UK? What does this have to do with earnings and repatriated funds?

Let's end the discuss here. Its a waste of time...
KarlTom: 10:17am On Feb 02, 2024
Ote$ or Oba is 'packing' the FBN shares.
We're in for a looong ride... grin

KarlTom:
I thought of this too especially now that Barbican/Oba is 'officially' back in the mix grin
I sincerely hope he will allow Ote work his magic...

However, that amount is HUGE!
Whatever the financial instruments are needs to be revealed...

ositadima1(m): 10:18am On Feb 02, 2024
Mpeace:
Lol. How much did they repatriate.
Dangote cement as a company has a total (home and abroad)revenue of less than $1billion

Even if it is $1 million, it is commendable. If we had many indigenous companies like that repatriating funds from foreign operations, Nigeria would be in a much better position.

5 Likes

Mpeace(m): 10:23am On Feb 02, 2024
ositadima1:


Even if it is $1 million, it is commendable. If we had many indigenous companies like that repatriating funds from foreign operations, Nigeria would be in a much better position.
It is no droubt commendable, and I cannot in anyway criticise dangote for that. I only have reservations on the fact that our biggest export is not substantial enough as to affect the exchange rate.
It also goes to the question of why the british pounds is valued higher than our currency. British companies bring in over 50billion pounds per year while ours is less than 3billion pounds.
Willie2015: 10:25am On Feb 02, 2024
yMcy56:

N5Bn don enter that side sharp sharp @ today's high....
Someone or an entity just crossing chains of 50m bulk units grin

Market up today again.......

Some stocks on full bid as at now....

NEw GOLD @28,000, 31,000, 54,000 or so! shocked
How dem dey take trade that stock self?
We go dey manage out our JAPAUL Gold for our own corner..... grin

It reach above 100k ..last week
U trade it ...
Just like the normal stock u buy..on Morgan..
I always hold a fee units...
Just to balance my portfolio...

2 Likes

OrgasmDonorxoxo: 10:36am On Feb 02, 2024
#DangoteSugar

Do you have a net benefit on the margin given the charges on sale and purchase?

vacanci:


In my own case, i sometimes take my loss when i sight potential elsehwere.

yesterday the UACN i bought for 14.95 was sold at less than 14.2 when i sighted UCAP on full offer at N20.

i sold all UACN and entered UCAP because i think with those prices, i should get better value for my money with ucap whose dividend will be more than UACN. Although UACN report was good but i fancy better growth in UCAP.

today UCAP is 23.2 while UACN is 14.05

Also yesterday i found that DANGOTE SUGAR was about to go down and i quickly sold all my dangote shares for N74 and queued up again to buy with all the proceed at N68. I was luck i bought it.

Today it went on full bid.

This kind JIJO good sometimes. someone was said it was risky but i say make i try am

2 Likes

ositadima1(m): 10:40am On Feb 02, 2024
BullBearMkt:

Reflected in their currency
grin grin grin grin grin

It's possible that the USD is moving up in general.

BabsO2(m): 10:40am On Feb 02, 2024
Oando on full throttle.
At N14
ositadima1(m): 10:43am On Feb 02, 2024
Mpeace:
It is no droubt commendable, and I cannot in anyway criticise dangote for that. I only have reservations on the fact that our biggest export is not substantial enough as to affect the exchange rate.
It also goes to the question of why the british pounds is valued higher than our currency. British companies bring in over 50billion pounds per year while ours is less than 3billion pounds.

Abeg o, don't quote that number ooo. grin lipsrsealed
kalkah: 10:43am On Feb 02, 2024
@Willie2015, is it good for a long term holding, kindly advise.
Willie2015:


It reach above 100k ..last week
U trade it ...
Just like the normal stock u buy..on Morgan..
I always hold a fee units...
Just to balance my portfolio...

Hustle1: 10:53am On Feb 02, 2024
BabsO2:
Oando on full throttle.
At N14

Now full bid @ 14.05
BenNigeria: 10:53am On Feb 02, 2024
Oando and the court case how far? Why the rush hour there?
stronglink: 10:54am On Feb 02, 2024
Streetinvestor2:
SMN =stock market nigeria. It was the forum here on nairaland whr the real ogas and gurus contributed to stock market. Then the thing scattered and was removed as a thread .Some ogas here are well known of smn

Afolabi units originated over thr and monkey hunting. Plenty chairman be dey the thread

Afolabi units is a way of describing your buying in a humble way based on your capacity without mentioning the units because of different reasons. That was how I saw it then.A moniker started using it not to showoff his capacity and the forum adopted it
Thanks
essentialone(m): 10:58am On Feb 02, 2024
essentialone:
Every stock is on Fire and moving up, except for companies like

Etranzact
Fidson
Guinness
Meyer
MRS
NB

Meyer at 4.30 but Bids and Offer still weak. Less than 2 million units each. Highly illiquid. Stocks that are difficult to buy, today may also be difficult to sell off tomorrow.
mikeapollo: 10:59am On Feb 02, 2024
BabsO2:
Oando on full throttle.
At N14

Please let us allow Oando rest small. Today Oando, tomorrow Oando. The noise don too much.
Enough of both convictions and doubts had been expressed about Oando.
Let interested parties take a decision and then wait and see what happens.

Just kidding, lol
Streetinvestor2: 10:59am On Feb 02, 2024
We the locals they try for this nse.If government gets it right and foreign investors come really the market. Na shout of joy go full everywhere.

On another note transcorp go be something else in 5 yrs from now.i have a feeling the government will get it right with time on this forex thing. The black market will then die a natural death.

Naija my country is destined for greatness. I have faith in her for turn around. It will be a gradual process. Never a fan of this government but it can't be as bad as pmb government

4 Likes

Streetinvestor2: 11:01am On Feb 02, 2024
I was expecting some kind red/pull back today Friday. That is how I normally view Fridays but today wan dey different
Zagee: 11:05am On Feb 02, 2024
Could we be seeing stashed dollars coming into the market??
Harvestock01(m): 11:07am On Feb 02, 2024
Streetinvestor2:
We the locals they try for this nse.If government gets it right and foreign investors come really the market. Na shout of joy go full everywhere.

On another note transcorp go be something else in 5 yrs from now. [/b]i have a feeling the government will get it right with time on this forex thing. The black market will then die a natural death.[b]

[/b]Naija my country is destined for greatness. I have faith in her for turn around. It will be a gradual process.[b] Never a fan of this government but it can't be as bad as pmb government

"Progress happens too slowly to notice but setbacks happen too quickly to ignore" Morgan Housel

5 Likes

KarlTom: 11:10am On Feb 02, 2024
Monday 5 February grin

BenNigeria:
Oando and the court case how far? Why the rush hour there?
Zagee: 11:14am On Feb 02, 2024
..
vacanci: 11:17am On Feb 02, 2024
OrgasmDonorxoxo:
#DangoteSugar

Do you have a net benefit on the margin given the charges on sale and purchase?


My total units increased by about 7%

1 Like

yMcy56: 11:24am On Feb 02, 2024
Streetinvestor2:
On another note transcorp go be something else in 5 yrs from now.
Entered Full bid @15.40.......some offers available now again at 15.40
I just dey sense say Tony has a plan for that stock but we don't know what they are up to yet....

Btw, NESTLE self don the bull gbe body with +10 so far..... smiley
Princkez: 11:29am On Feb 02, 2024
yMcy56:

Entered Full bid @15.40.......some offers available now again at 15.40
I just dey sense say Tony has a plan for that stock but we don't know what they are up to yet....

Btw, NESTLE self don the bull gbe body with +10 so far..... smiley
TRANSCORP on full bid now....#15.40
vacanci: 12:05pm On Feb 02, 2024
truly this life no balance.

Neimeth and International Breweries posted huge losses yet bids plenty for queue and price is in green currently. Upon say this is period for taking position for dividend.

What is causing this?

1 Like

Streetinvestor2: 12:14pm On Feb 02, 2024
yMcy56:

Entered Full bid @15.40.......some offers available now again at 15.40
I just dey sense say Tony has a plan for that stock but we don't know what they are up to yet....

Btw, NESTLE self don the bull gbe body with +10 so far..... smiley
Madam check that cornerstone results. I don try search the thing but no see the result.I no understand watin Meristem dey send as earning flsh.The eps tire me,lol....I dey see 8.64
ogoo4real: 12:16pm On Feb 02, 2024
yMcy56:

Entered Full bid @15.40.......some offers available now again at 15.40
I just dey sense say Tony has a plan for that stock but we don't know what they are up to yet....

Btw, NESTLE self don the bull gbe body with +10 so far..... smiley

How I wish Transcorp will improve on dividends payout!!!

1 Like

222Martins(m): 12:17pm On Feb 02, 2024
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some people rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me grin grin grin grin grin,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

23 Likes 3 Shares

4tunebest(f): 12:20pm On Feb 02, 2024
222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some fools rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me grin grin grin grin grin,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

Chai, oga, you have spoilt some people's market o. Only a few discerning ones know about this trick. we just laugh when we see those fake bids

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