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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:50am On Jan 05, 2016 |
bigass:why only one bottle?bros drink as much as you want.i will pay 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:06am On Jan 05, 2016 |
mercyful ........ |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 9:48am On Jan 05, 2016 |
FOOD 4 THOUGHT By Dele Sobowale If you see a banker jump out of the window; follow him. There must be money in it. Anonymous.Once upon a time, that was considered good advice. Bankers, in those halcyon days, could do no wrong. They had a sure nose for sound investments from which to profit. For decades in Nigeria the wisest investment a banker could make was in oil and gas. So, bankers literally jumped out of the window to get their own pieces of the action in oil and gas. Money in local and foreign currency flowed into their coffers; so much so, they could, like Gowon in the 1970s say Money is not our problem, but, how to spend it. What better way was there to spend it than to invest in more oil and gas ventures? If one goose lays a golden egg a day, surely two birds will lay two eggs a day; three layers will produce three eggs ad infinitum.Unfortunately, life does not always move in straight lines. Sometimes it is like a boomerang; the stuff you throw out, turn your back and which returns to crack your skull. It was one of our brightest and best bankers, Mr Atedo Peterside, who during the debate on banking Con-SOLUDO-tion, who warned his fellow bankers, lining up to support Professor Soludo, that it is easier for an economist to understand banking than for a banker to understand economics. He earned my everlasting gratitude for that frank admission as an economist naturally. Economics is full of paradoxes. At least two of them are responsible for the dire situation facing the banks in 2016. The first is the idea of economic cycle. Plainly stated, it means that nothing lasts for ever neither good times nor bad periods. When global or national economic boom occurs the incentive is there for more investors to enter the key sectors and for those already there to expand. When the global price of crude, driven by double digit GDP growth in China, India, Russia and near eight per cent in Brazil, Indonesia and South Africa, shot up to $145 per barrel in 2008/9 there were speculations that it might eventually reach $200 per barrel. The frenzied search for more oil deposits globally was only equaled by the famed search for gold in Colorado in Americas early days. Every puddle containing a spoonful of crude became valuable and more crude oil was pumped into the world than ever in history. Even the export embargo placed on Iran and Libyas inability to produce were unnoticed by a world swimming in the black gold. Come to think of it, when was the last time oil was called black gold? Crude started to lose steam as several countries in Europe went into economic recession and Greece twice threatened to default on loans. This was followed by economic slowdown in other countries as well Nigeria is as good an example as one can get. From annual growths of 6.5% to 7.2% in 2008 to 2014 the best racer on the continent during the period our country crawled to 2.8% growth in the first three quarters of 2015. China is expecting less than 5% growth, Brazil and Russia are in recession and Saudi Arabia has a $200bn budget deficit to manage. Suddenly, the gold had become dross on our hands globally. Another economic principle which explains why all the banks might suffer the consequences of Group Think is called the Fallacy of Composition. Again simply explained, it warns economic units that if one or two profit from a venture and later everybody else joins disaster will follow. We are all familiar with drivers on Nigerian roads in a hold up. Suddenly, one driver peels off and goes down the wrong way which is free and beats the traffic jam. Then two others follow down the wrong way. Soon every vehicle is going down the wrong way and standstill occurs until Road Safety comes to restore sanity. When all the banks in Nigeria jumped out of the window in pursuit of oil and gas companies, a good economist could have told them that financial paralysis would follow eventually. Financial paralysis is round the corner because the investments in oil and gas, which made sense at $145-90 per barrel, are now threatening to result in bankruptcy as the price of crude dives closer to $30 per barrel. Production has been halted in many rigs, meaning no money flowing in. When oil companies fail to pay, bankers are in a fix. But, not just bankers; we are all in a fix. Shareholders of Nigerian banks, already waving off a bad 2015, will again have to endure two economic woes low or no dividends and plummeting share prices. Currently, only two banks shares are above N15 per share: ECOBANK and GTB. None of the others is above N6 per share. These are shares that were eagerly purchased at N40-70 per share when Professor Soludo assured Nigerians that we could put our money in banks and go to sleep with our eyes closed. Nobody is sleeping now because the economic wolves at the gate are set to swallow what is left of bank share prices and, perhaps, the banks themselves. Unfortunately, for the banks and the rest of us, returning to base meaning a more diversified client base will not be easy. The easy money available in oil and gas rendered Nigerian banks lazy and, to some extent, unprofessional. It will not be easy for them to identify the next golden opportunities; and they might not even have the funds to lend. Turning back from the wrong road takes a lot of time and eats up your fuel. http://www.vanguardngr.com/2016/01/banking-blues-in-2016/ 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 10:36am On Jan 05, 2016 |
What makes a man is his tenacity to his ideals and principles in the face of adversities ...myjoy085 Remain resolute PeterRichy, I dey your back! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 11:00am On Jan 05, 2016 |
myjoy085:this forum have been hijack by unknown people... the purpose of this forum has been duly derailed by unknown persons... nobody talks about stocks again why trading is going on now! people now believe that it is during the bull time u can make money! people are now waiting to hear from buhari as if he is the cause of the problem before making a decision... a good trader trade both during the bull and bear time...i always say it, there is opportunities in both directions if only u can see it.... 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 11:15am On Jan 05, 2016 |
PETERiCHY:For as long as she is coming with only Corruption Adjustment Programme (CAP) and Wailers Denouncement Programme (WDP) templates, she is highly welcomed. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by gbolah4real: 11:34am On Jan 05, 2016 |
PETERiCHY: Thank you for pasting the link to the article it was a good read. ...."if one or two profit from a venture and later everybody else joins disaster will follow." 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 11:38am On Jan 05, 2016 |
9free:you cannot tell a child not to cry after beating him/her but you can tell the child not to make noise after the cry gets to an unbearable level |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:06pm On Jan 05, 2016 |
see as all of una dey silent like say tomorrow no dey.oya make una collect one one bottle of origin coolu temper. |
Re: Nigerian Stock Exchange Market Pick Alerts by gbolah4real: 12:13pm On Jan 05, 2016 |
locodemy: my friend this no be orijin matter o looks like the market overall is getting ready for a nosedive 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 12:38pm On Jan 05, 2016 |
gbolah4real: The market needs to nosedive right now. That will be the last boarding call for the season. Bear = opportunity. |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 12:43pm On Jan 05, 2016 |
megainvest:bear= opportunity looking for the right stock to enter... which stock do u suggest? |
Re: Nigerian Stock Exchange Market Pick Alerts by gbolah4real: 1:01pm On Jan 05, 2016 |
megainvest: Precisely. with the present low volume now, when it goes down china-style everyone will rush in to buy. But at what price do you rush in? Let us use UBA whenever it hits 3.60 ppl start selling which means the general consensus is 3.60 is the price. so it should plunge to N2.40 before investors see an opportunity. Same seems with Transcorp and Skyebank N1.00 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 1:49pm On Jan 05, 2016 |
cadbury finally answering the call of God.
still overvalued |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:01pm On Jan 05, 2016 |
UCAP is a good stock sha. |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 2:30pm On Jan 05, 2016 |
GAMBLERS, HOW ARE YOU FARING? |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 2:32pm On Jan 05, 2016 |
BUHARI MUST GO, WHO CAN BELL THE CAT? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 2:45pm On Jan 05, 2016 |
Some one shld help me with the closing price of Ucap, Uba & Afriprud. |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 2:45pm On Jan 05, 2016 |
Intendy:and the coughing continues |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 3:14pm On Jan 05, 2016 |
ogoo4real: UBA 3.38 AFRIPRUD 2.60 UBCAP 1.37 |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 3:33pm On Jan 05, 2016 |
Godisfaithful: Thanks Godisfaithfful |
Re: Nigerian Stock Exchange Market Pick Alerts by Youngzedd(m): 6:11pm On Jan 05, 2016 |
Hmmmmmm What I am seeing is too heavy for my mouth to say. There's always an option to JI and JO. |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 7:02pm On Jan 05, 2016 |
Youngzedd:ahahh I no fit laugh wetin my eye dey follow see! na only jijo masters go understand.. today I ji transcorp @ N1.48 Jo @N1.51 at least N7k gain enter my pocket... bearish now for market self dey fear me enter |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 7:13pm On Jan 05, 2016 |
ufotty2001:based on what u posted #1.51-#1.48=#0.07k okay kontinu |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 7:16pm On Jan 05, 2016 |
Intendy: N7k= N7, 000.00k |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:20pm On Jan 05, 2016 |
The market is PREGNANT again.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:36pm On Jan 05, 2016 |
DeRuggedProf: wetin e go born?boy or girl? |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:40pm On Jan 05, 2016 |
Manonamission:k.but with that swing he posted,didn't he pay commission. |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:40pm On Jan 05, 2016 |
Manonamission:k.but with that swing he posted,didn't he pay commission. if he ji @ #1.48 his BEP estimate is #1.54 no profit no loss |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:46pm On Jan 05, 2016 |
i sold my 500,000 units of oando today at 5.99.Atleast i made a hundred and twenty k after removing charges.The market took in today,i am waiting to join fbn with the sales proceeds.i will still come back to oando at a reasonable price. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 9:05pm On Jan 05, 2016 |
locodemy:enjoy your loot |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:15pm On Jan 05, 2016 |
Intendy: This one no be anything to compare with what i thought to make in oando b4 now.seriously this market is in trouble.i think the best time to enter the market should be february ending against march which is the due time for results. |
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