Nigerian Stock Market Tips

[pumping]

Originally Posted by yodiyokun

Yeah I know it must have hit below the belt, I was shocked myself this morning, unbelievable.

The market is quite flat - I woner whats going on ?

Meanwhile I hear WEMA moved a lot a volume today? any feeelers?

For me it was worse because I noticed it instantly. I was trying to respond to the post by WindyWendy about the Ifeite which was misinterpreted. You can imagine my frustration when I could not respond!!

Yes, Wemas' volume is surprising. No idea.

Dangsugar also did over 140M units. What's cooking??

[BigJay01]

well, I am back to where I started from, initially I thought it was account that has its properties cut down.

[DProfit]

As per market being flat, my theory that it is most landers became jittery after site went on break and refused to go to market today.

On a serious note December is expected to be a quiet month for the market is it not? What with Hols fast approaching e.t.c

Is it too late to get into Dangote? I was waiting seriously for some depression before I got in but now I am not sure.

[pumping]

Originally Posted by BigJay01

well, I am back to where I started from, initially I thought it was account that has its properties cut down.

I started from here too

Like you, my first thought yesterday was that my account had been blocked by Ifeites

Ifeites: No mind them. You be my people any day.

[BigJay01]

@pumping et al

did you eventually sell your OandO shares, is a price of 120+ a very high price to enter. it has been moving up north on full throtle?

[Gengen]

Originally Posted by yodiyokun

Can Greed Save Africa?
High Returns—and Low Volatility?
Did you guys read this Business week article - its da bomb!
Easimoni Okare

This is similar to what an Oyinbo that has worked in Naija for 10 years said. And he is still working there. Anytime he has an oppurtunity, all he says are bad things about Naija. The question he was asked one day is this: "Since you have worked there for 10 years and you keep going back, is there nothing good about this Nigeria?" He could not respond.

What a lot of these foreign news media do is to publicly portray everything bad about any emerging market. This is also going on about India, China etc. Secretly, it is still them, through their multiple funds invest in these countries. They are trying TO BLOCK OTHERS FROM A GOOD INVESTMENT FIELD. In business, you carefully weigh the pros and cons, and finally make up your mind. If companies in Nigeria, despite the multiple problems, can still declare increasing profits, year by year, then somethings are still going fine. Why are the foreign companies still there and have not gone back?

What we need to do is to improve on the bad things. News reporting should be balanced. Mention also the other side of the coin.

[easimoni]

Okay people. I guess we have to park here for the forseeable future. Till Seun finds a co-moderator. I no blame the guy. Na only him. But he needs to pay someone.

[Guv007]

Originally Posted by pumping

For me it was worse because I noticed it instantly. I was trying to respond to the post by WindyWendy about the Ifeite which was misinterpreted. You can imagine my frustration when I could not respond!!

Yes, Wemas' volume is surprising. No idea.

Dangsugar also did over 140M units. What's cooking??

Isn't Wema under TS? or can one still buy?

[pumping]

Originally Posted by easimoni

Okay people. I guess we have to park here for the forseeable future. Till Seun finds a co-moderator. I no blame the guy. Na only him. But he needs to pay someone.

I had exactly the same thought about him paying someone. I suppose he makes money from running the website so he should not expect folks to moderate for free except they want to.

[Guv007]

Originally Posted by DProfit

As per market being flat, my theory that it is most landers became jittery after site went on break and refused to go to market today.

On a serious note December is expected to be a quiet month for the market is it not? What with Hols fast approaching e.t.c

Is it too late to get into Dangote? I was waiting seriously for some depression before I got in but now I am not sure.

My thoughts as well.

[pumping]

Originally Posted by BigJay01

@pumping et al

did you eventually sell your OandO shares, is a price of 120+ a very high price to enter. it has been moving up north on full throtle?

YES!! and at max price before yesterday it opened and closed with 5% gain.

Don't enter now. It is late. AP lost around 5% today and though OandO still closed 4.3% higher some folks sold less than my selling price yesterday. I expect OandO to pull back next week. The prices won't go back to the initial prices but they will shed some weight.

[yodiyokun]

Originally Posted by Gengen

This is similar to what an Oyinbo that has worked in Naija for 10 years said. And he is still working there. Anytime he has an oppurtunity, all he says are bad things about Naija. The question he was asked one day is this: "Since you have worked there for 10 years and you keep going back, is there nothing good about this Nigeria?" He could not respond.

What a lot of these foreign news media do is to publicly portray everything bad about any emerging market. This is also going on about the India, China etc. Secretly, it is still them, through their multiple funds invest in these countries. They are trying TO BLOCK OTHERS FROM A GOOD INVESTMENT FIELD. In business, you carefully weigh the pros and cons, and finally make up your mind. If companies in Nigeria, despite the multiple problems, can still declare increasing profits, year by year, then somethings are still going fine.

What we need to do is to improve on the bad things. News reporting should be balanced. Mention also the other side of the coin.

Gengen,

On the contrary I do not think that was a bad article at all.

That article was saying the level of returns investors are getting from the Sub-Sahara Regions inspite of the odds. To me I think it was a well balanced article and goes further to support the fact the NSE is gradually getting there.

[DProfit]

Yes o Wema is on Suspension.

Any takers on answering my Dangote Suga question?

Yeah I know, I am a bloody newbies with their 1 million questions again

[easimoni]

Originally Posted by Gengen

This is similar to what an Oyinbo that has worked in Naija for 10 years said. And he is still working there. Anytime he has an oppurtunity, all he says are bad things about Naija. The question he was asked one day is this: "Since you have worked there for 10 years and you keep going back, is there nothing good about this Nigeria?" He could not respond.

What a lot of these foreign news media do is to publicly portray everything bad about any emerging market. This is also going on about the India, China etc. Secretly, it is still them, through their multiple funds invest in these countries. They are trying TO BLOCK OTHERS FROM A GOOD INVESTMENT FIELD. In business, you carefully weigh the pros and cons, and finally make up your mind. If companies in Nigeria, despite the multiple problems, can still declare increasing profits, year by year, then somethings are still going fine.

What we need to do is to improve on the bad things. News reporting should be balanced. Mention also the other side of the coin.

I think the Business week articles ARE fairly balanced. A lot of discussion about the opportunities for business and investments. Also a lot about the challenges. How do you get more balanced than that? The article opens with a guy who needs 3 flight and long car rides to get to his remote factory. But then talks about how he is making money hand over fist.

I loved the article. Makes me proud to see exposed Africans taking our destiny into our own hands.

[yodiyokun]

Originally Posted by pumping

I had exactly the same thought about him paying someone. I suppose he makes money from running the website so he should not expect folks to moderate for free except they want to.

Are you sure he gets paid? from what na? adverts ?

Because I aint volunteering for free.

[pumping]

Originally Posted by Guv007

Isn't Wema under TS? or can one still buy?

Under TS stocks are still available for sale but officially at the TS price.