myjoy08:


Sir Peterichy, and u think your Octopus is right? Well, Octopus had been decieving its members since the day Oando closed the COP deal! Octopus needs some checkup and rebalancing of wheels...(kidding)! What is your joy if NSE fall into 20,000 range? Is it because you live overseas? Or is it because u are paid in foreign denomination? Or is it because you can take advantage of some of us? Chai, it is well!

MOG, if you think *ThE OcToPuS* Group dont make losses then you're dead wrong rather we try as much as possible to minimise, that's why we are patiently waiting for OANDO at sub N6.

On a more serious note for you to be a successful entrepreneur you ought to dissociate your emotions from business. That was the major reason Saul lost his kingdom. he was ask to destroy everything about the Amelekites but along the line he became emotional (1st Samuel:15vs1-28).

Hook on that and stay bless.

FranklinRich:


Interesting times ahead. I can't wait to see how this all plays out especially from the FX perspective.

If this leads to another bear run in the markets, I Will be waiting for Flourmills at a sub N20 price level.

so you are my problem? is over today let the market open self . i am waiting at #13 and you want to stop it at #20?

lancee:




mini -bull VS bear

No
mini-bull VS Grandpapa bear

PETERiCHY:


MOG, if you think *ThE OcToPuS* and group dont make losses then you're dead wrong rather we try as much as possible to minimise, that's why we are patiently waiting for OANDO at sub N6.

On a more serious note for you to be a successful entrepreneur you ought to dissociate your emotions from business. That was the major reason Saul lost his kingdom. he was ask to destroy everything about the Amelekites but along the line he became emotional (1st Samuel:15vs1-28).

Hook on that and stay bless.

hello, this not for oando that vs, is for unity bank but are you sleeping the time it was #9?. i think i was with you yesday how come you tell myjoy08 you are not in nigeria? or did you take okada after?.

myjoy08:


Why will he kill the market momentum when he got some stocks too. I'm very confidence with our current President, he will change the tides of Nigeria for BEST. My own Octopus keep telling me we are making money this year. Dr. Agba has already pocket 40% on UBA alone without factoring some dividends he had received and in his confer!

what did your noverpus say about this?. are there going to be bull or bear as at that time? .

[quote author=PETERiCHY post=37818381]

I see d spirit of chibubear has possess peter.may we not miss some killings dis days because of OCTOPUS!/!//

For now CASH is KING till November ending you can now buy one and get five free.

ihedioramma:
hello, this not for oando that vs, is for unity bank but are you sleeping the time it was #9?. i think i was with you yesday how come you tell myjoy08 you are not in nigeria? or did you take okada after?.

Pa ihedi abeg no let those in Unitybank catch you.

Well my last batch of OANDO was bought @N9:20k which brought my average to N13:28k but you ought to be sleeping by now coz we are 3hrs ahead Nigeria time and it's still 9am in this divide.

lancee:
Nse surviving before dem born some people

NSE giving investors sleepless night since 1961

which of the networks is able to open morgan itrade platform? atisalat has failed me here.

http://nairametrics.com/jp-morgan-index-list-of-possible-implications-when-nigeria-is-evetually-kicked-out/


The current Buhari Government has been taking credit for some of the policy initiatives carried out by Goodluck Jonathan Government such as stable power, the Treasury Single Account, tax initiatives, war on terror, renewal of strong diplomatic ties with the US etc. The Buhari Government is also not relenting in calling out the past government for its bad policies and alleged corruption. This development will now give critics of the current government, the opposition party and sympathisers of the past government enough armory to blame the current government.
They will surely blame the Buhari government for not acting swiftly enough to stop the decision of JP Morgan considering that it issued the threat about 9 months ago. They will also say it is because of the slow mode of operation of the current government (which for example has not announced a cabinet more than 100 days after being in office) that has made the CBN Governor act alone thus portraying the country as one without an economic direction. This will cost the president a lot of political capital as even his supporters must now be jittery.
Bond Yields
When Nigeria borrows money by selling bonds they pay investors based on the on prevailing bond yields. For example, a unit of a bond priced at N1000 may have been originally sold at an interest rate of 10%, that is N100 per N1000. With Nigerian thrown out of the index holders of that bond could dump it and sell for lower than N1000 per paper just to exit. If the average price drops to N800 due to high volume of sellers then that interest rate of 10% is now 12.5%, that is N100 dividend by N800.
This means the next time the Nigerian Government goes out to borrow it will no longer attract a 10% yield but will now borrow from investors at a yield of 12.5% or even more. This will cost the government more money in servicing interest thus taking money it could have used for capital projects for debt servicing.
Lack of foreign demand
By taking Nigeria off the index, there will be little or no demand for our bonds from foreign investors. Already, since JPM threatened to yank Nigerian off back in January, foreign holding of our bonds has dropped from a peak of $11 billion in 2013 to $3 billion today. It is therefore likely that this may even shrink further thus affecting the demand for our debts. A lack of demand for our debts means yields may even get higher as fewer investors will now sought for our bonds
Gain for other emerging markets
With Nigeria out of the scene, other emerging markets in Africa like Ghana, Kenya and even South Africa could now be more attractive to investors. They will simply now move their funds to competing countries leaving Nigeria in its wake. Since investors like to follow the money, it is also likely that other forms of investments may elude Nigeria because of this singular move.
Prestige and Clout
With the above happening, Nigeria will lose its prestige as not just the largest economy in Africa but the economy attracting the most foreign investments. This will be damaging to an economy that has been thumping itself as the destination to be for foreign investors.
Corporate Bonds
Local companies and banks also borrow money from foreign investors by selling foreign denominated bonds and also Naira bonds. Now that the Federal Government is likely to see their borrowing cost go up due to this development, it is likely that banks and other corporates seeking to borrow may have to pay more in interest as well. Some companies may not even have the courage to borrow with bonds again due to high lending rates and may result in some companies gets starved of funds so much that they may start to incur losses or even fold up. For those that have even borrowed refinancing such loans will now be expensive as yields have already gone up.
Higher lending rates
For the banks that are lucky enough to borrow, they will have to pass on that cost to someone else. Small businesses which rely on banks for small loans such as overdrafts, local purchase orders, letters of credit etc. may also see their borrowing rates rise even higher. For individuals with consumer loans they may also be expecting a letter from banks telling them that their loan rates have gone up.
Foreign Currency Cost
It is also likely that foreign currencies will cost more to use due to this action. Holiday makers or business travelers who use their cards abroad for foreign denominated transactions may also see themselves paying more whenever they spend their naira debit cards. Since some banks also channels some of their foreign borrowings in the forex market it is likely that they will charge end users more to recover the higher cost of borrowing.
Shallow market
With the exit of most foreign investors the long term plan of the Debt Management Office of ensuring that our bond market is deep is now in jeopardy. With little demand, it is unlikely that the government and other private companies seeking foreign currency loans will use the bond market as a possible source. This will make the market shallow and unattractive and could even throw some companies out of business. For example, Fund Sourcing Companies, Legal Advisers and other consultants may witness a huge reduction in deals thus affecting their revenues.
Ripple Effect
The Nigerian stock market which has seen some bullish trends in recent days may also be negatively impacted. With this announcement it is likely that this may hurt the confidence of foreign investors which make up about 45 to 50% of transactions in the Nigerian Stock Exchange. If they decide to exit the market because of this then the market may just be primed for another long bearish run.
Devaluation
If this situation is not handled properly it may also trigger another massive devaluation. This could be caused by foreign investors who have had enough and will now use this decision by JPM as a reason to pull out their funds. Pulling out their funds creates demand pressure on forex and may result in a devaluation of some sort.

http://nairametrics.com/why-these-stocks-are-set-for-a-bullish-run/


The ‘Forbes season’ – when African billionaires are valued by Forbes for its famous rich-list – is upon us, and the stock of the companies of Nigeria’s billionaires who are in contention, could be in play as they seek to drum up their net worth.
Some of the stocks have started gaining traction lately, as you may have already noticed.

Dangote Cement, owned by Africa’s richest man, who owns a large stake in the company. The stock has risen 2.9 percent since the end of last week. We believe that there isn’t any reason why he wouldn’t want to retain his top spot. We see limited downside to this stock.

Tony Elumelu has a controlling interest in Transcorp, Nigeria’s largest publicly-traded conglomerate; and a significant stake in the United Bank for Africa (UBA).

UBA has already gained 10.2 percent since the end of last week’s trading and it has surged 27 percent since Wednesday.

Transcorp on the other hand has gained 2.4 percent since last week, and 14 percent since Wednesday.

We think he will be too pleased to move up a notch higher on the list.

Forte Oil, owned by Femi Otedola who owns a 78 percent stake in the company. He is the 4th richest in Nigeria, and the 29th richest in Africa in 2014, according to Forbes. Forte Oil stock has bucked the trend all through the year. Although it has been flattish since the end of last week, it has returned 25 percent year to date, making it one of the best performers in a sinking stock market.

Zenith bank, with former chairman and founder, Jim Ovia as its largest individual shareholder with a 9.3% stake. He featured on number 30 in the last edition of the rich list. Zenith stock has gained 3.4 percent since the end of last week.

Other contenders are:

Honeywell – Oba Otudeko

Conoil – Mike Adenuga

MRS group – Alhaji Sayyu Dantata

Diamond bank – Pascal Dozie.

Forbes calculates the net worth of its candidates using stock prices and exchange rates between August and November. (In 2012 it measured it on November 9).end.


For me, I will go for Elumelu picks. He understands the game. Nov 9th and close by is the day to watch. Am still contemplating which Uba boy to buy; transcorp, afri,ubcap,Uba ?


Lets roll. See you at the top!

http://mobile.reuters.com/article/idUSL5N11E3Y320150908

JP Morgan will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October, the bank said on Tuesday, after warning the government of Africa's biggest economy that currency controls were making transactions too complicated.

The removal will force funds to sell Nigerian bonds, triggering potentially significant capital outflows and raising borrowing costs for the government.

Struggling with a plunge in vital oil revenue, Nigeria had imposed currency restrictions to defend the naira after the burning of dollar reserves failed to halt a slide.

The JP Morgan index tracks around $210 billion in assets under management.

Some bonds will be removed from the index by the end of September and the rest by the end of October, JP Morgan said.

The bank had warned Nigeria that to stay in the index, it would have to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.

PETERiCHY:


Pa ihedi abeg no let those in Unitybank catch you.

Well my last batch of OANDO was bought @N9:20k which brought my average to N13:28k but you ought to be sleeping by now coz we are 3hrs ahead Nigeria time and it's still 9am in this divide.

ok that's good. one love .

my forex robot is still making profits. A NL that bought it started with just 250 USD plus 100 percent brokers bonus, which equals 500 USD. Within two days, this guy is smiling with a clear profit of 54 USD. I know some gurus will tell you that is small, but do it yourself and see. Contact me on smartdebiz@gmail.com, 08165498163

[quote author=mercylicious post=37820909]http://nairametrics.com/why-these-stocks-are-set-for-a-bullish-run/


The ‘Forbes season’ – when African billionaires are valued by Forbes for its famous rich-list – is upon us, and the stock of the companies of Nigeria’s billionaires who are in contention, could be in play as they seek to drum up their net worth.
Some of the stocks have started gaining traction lately, as you may have already noticed.

Dangote Cement, owned by Africa’s richest man, who owns a large stake in the company. The stock has risen 2.9 percent since the end of last week. We believe that there isn’t any reason why he wouldn’t want to retain his top spot. We see limited downside to this stock.

Tony Elumelu has a controlling interest in Transcorp, Nigeria’s largest publicly-traded conglomerate; and a significant stake in the United Bank for Africa (UBA).

UBA has already gained 10.2 since the end of last .thank you sister. this is how we low memebers in the room want it .one love .

to buy on itrade is working now but you can't sell
hope the market will not come down today and one is unable to sell

it is not true ibb

Hi

I stopped investing on the stock market after been ripped off by brokering firms n also due 2 the delay it takes 4 dem to set a trade n release cash .... can an individual trade Now without a broker or firm
Thanks

Zenith on Full offer (-4.99%) c75million units.

#StupidMarket

davide470:
Zenith on Full offer (-4.99%) c75million units.

#StupidMarket

Sir, market can be funny sometimes. All this stock might close in green at the end of the day. One just have to stick to what works best for him or her!

davide470:
Zenith on Full offer (-4.99%) c75million units.

#StupidMarket

There would always be drawbacks due to profit takers...

I can't still place a sell order on itrade still keeps giving me the same message of insufficient balance. Is anyone experiencing sth similar ?

Same here. Can't sell since yesterday. Waiting for response from Morgan.

Jejebaba:
I can't still place a sell order on itrade still keeps giving me the same message of insufficient balance. Is anyone experiencing sth similar ?

The sell side on morgan is not working

FannySwindler:
Same here. Can't sell since yesterday. Waiting for response from Morgan.

Same thing here, how do we go about resolving this issue.

hbrednic:


The sell side on morgan is not working

MORGAN pls do something oh....JIJO masters are trapped.....JI but cant JO

davide470:
Zenith on Full offer (-4.99%) c75million units.

#StupidMarket

It is in line with my own expectation. I am stepping aside as I posted earlier. Let's see what the next few trading days will present. Another opportunity beckons.

hbrednic:


The sell side on morgan is not working

It is now working. Check again

Elai147:


It is now working. Check again

Still not working here