swilo:
Mcy, these guys are distracting u o.
you no longer update us on insurance stocks. All things being equal... I believe the next DB will be in the insurance sector. From my observation...
Maybaker Japaul Skye DB
next will be insurance..

Bros I hope so too...... and Uniondac.
I want to enter mutual benefit at 20k but that bus-stop come dey fear me when I checked their q3 audit report.

Mcy56:

It says they never near deal na.

https://www.nairaland.com/4806753/worst-days-over-nigerias-economy

Elumelu, who said this in an interview monitored on CNN yesterday, also disclosed that his Group would in the next few weeks, close a $2.5 billion oil asset acquisition deal in the country.
https://www.google.com/amp/s/punchng.com/heirs-holdings-signs-600m-loans-with-afrexim-bank/amp/
Just put these together.

ndidigood:
My56,the insurance guru/queen
I Dee gbaduu una from the back

you dey gbadun her from the back? omyyyyyy geeee

Mpeace:
https://www.nairaland.com/4806753/worst-days-over-nigerias-economy

Elumelu, who said this in an interview monitored on CNN yesterday, also disclosed that his Group would in the next few weeks, close a $2.5 billion oil asset acquisition deal in the country.
https://www.google.com/amp/s/punchng.com/heirs-holdings-signs-600m-loans-with-afrexim-bank/amp/
Just put these together.

I regret not selling transcorp at loss to enter diamond at 0.68kobo I had the chance oooo chai.

Transcorp just doing like ashewo wey them dey toast come na, bring am na she go say noooo shake again lol

Michael11stock:
you dey gbadun her from the back? omyyyyyy geeee

Chai! Una don come ooo, na back seat she dey sit na, she dey avoid front seat for class cos she no dey like to write notes

Michael11stock:
I regret not selling transcorp at loss to enter diamond at 0.68kobo I had the chance oooo chai.
Transcorp just doing like ashewo wey them dey toast come na, bring am na she go say noooo shake again lol

Stay inside your transcorpse bus, its own time too will come.
My classmate dey on the street looking for all information on the oyel deal with Shell.

WAPCO inching up !

Michael11stock:
I regret not selling transcorp at loss to enter diamond at 0.68kobo I had the chance oooo chai.

Transcorp just doing like ashewo wey them dey toast come na, bring am na she go say noooo shake again lol

How are you sure the investment vehicle will be transcorp ?

talktokenny:
WAPCO inching up !

So also FBN, Mobil......

Diamond shareholders are stingy oooo. So no one fit drop 100k units to move the price up. They are all waiting to bail out at N3.50. They forget that someone must pay the price.

how low can Access drop to ?

@Akinssan, it seems that fcmb glue na magnetic one too.

talktokenny:
how low can Access drop to ?

They are defending it at 7.00, let's hope it doesnt go beyond that.

Agbalowomeri:
Brent seen at 52

Hahahahahaha. Sounds like music to my ears.

Mcy56:
@Akinssan, it seems that fcmb glue na magnetic one too.

Omo the tin don dey waka back in reverse..kilode, l just need make hin touch 2.00

Wetin l sabi self?

cc; fxuser, Bullbearmkt,cp,Ogg

Michael11stock:


you dey gbadun her from the back? omyyyyyy geeee

waaat?

ndidigood:
waaat?

Mcy ,2019 lgo follow u put my eyes for these kobo stock,ibi like say na there money dey,abeg teach me ur method.

Yayira:


Hahahahahahaha For sure! I’ll revisit that room again by the grace of almighty God..
God saw how you took your time to help me, read chats at late hours for me, gave me a best entry and exit price (little did we know He got His own exist price )
I’ve asked Him to reward you for me.. Greatly!

Thank you once again boss..

Wishing you and your family a Merry Christmas

Bisous !

...Thanks my Sister. Wishing you and yours Merry Christmas too. Best of luck.

Mcy56:

They are defending it at 7.00, let's hope it doesnt go beyond that.

- SP is just 2.94% above its 52-week low of N6.80, set on Nov 29, 2018 . .
- cud be a second kiss goodbye or a fresh low

akinssan:


Omo the tin don dey waka back in reverse..kilode, l just need make hin touch 2.00

Wetin l sabi self?

cc; fxuser, Bullbearmkt,cp,Ogg

Like play, like play even Unity Bank go come overtake FCMB
FCMB MM should wake up!!!

Mcy56:

https://www.thisdaylive.com/index.php/2018/09/05/shell-to-sell-2bn-oil-blocks/

If this news no move Transcorp, I wonder what will....

BullBearMkt:

...Thanks my Sister. Wishing you and yours Merry Christmas too. Best of luck.

How i wish i b female , i for like follow u to dat room as well.

Merry Xmas oga...

fxuser:


- good ff thru from yesterday hammer , positive move ... needs to retest N23 prev support wh may act as resistance
- weekly looking like a hammer


#watchlist

dis:
no holding yet

- very positive weekly price action , closure above N23

arduino:
Like play, like play even Unity Bank go come overtake FCMB
FCMB MM should wake up!!!

Lol. Dont know their issue these days. See Unity at 96k today. Maybe they invested in diemond for now, will come back to it after the party is over.

arduino:
If this news no move Transcorp, I wonder what will....

Sometimes, market just do what it will do .....in fxuser's voice.
But if the deal sails through, market might respond positively to it.

Ekuu mkt o

tritritri:



How i wish i b female , i for like follow u to dat room as well.

Merry Xmas oga...

...your mind is so corrupt! Merry Christmas to you and yours

I am always weary when international companies want to sell of assets,none of them sell off their cash cows, for shell to willingly dispose of an oil bloc that other foreign international companies are not jostling to bid on sends a signal that its probably an asset in distress....Oando comes to mind, when they wanted to acquire the much celebrated conoco philip asset, we thought we were heading to the next level, but hind sight now tell us that oando was duped in broad day light

https://www.bloomberg.com/news/articles/2018-12-17/rout-could-continue-after-year-to-forget-africa-markets-in-2019


There Are Signs Africa’s Market Rout Is Not Over Yet
By Paul Wallace
18 December 2018, 00:00 GMT+2
Updated on 18 December 2018, 16:33 GMT+2
Continent’s stocks, bonds did worse than EM average in 2018
Risks for next year include elections in South Africa, Nigeria.
Traders in African markets have had a year to forget, and there are signs the rout’s not over yet.

The continent’s stocks and bonds have performed worse than those of all other emerging-market regions in 2018, reversing their outperformance of last year.

Hit Hard
African assets performed worse than the EM average this year


Source: Bloomberg, MSCI

Note: All returns are in dollars

The sell-off has left equities in nations such as South Africa, Egypt, Nigeria and Kenya at or near their cheapest levels in years. And the yields of Eurobonds issued by governments have soared to a point last seen in early 2016, when investors fretted China’s economic slowdown was gaining momentum.



But bargain-hunters won’t necessarily jump in next year. Risks abound from tense elections in the two biggest economies -- Nigeria and South Africa -- to low oil prices, potential credit-rating downgrades and the prospect of sovereign defaults.


Here’s what investors should look out for:

Angola
The OPEC member is desperate to boost an economy that will contract for the third year running in 2018, according to the International Monetary Fund. This month, the government signed a $3.7 billion three-year loan with the Washington-based lender that it hopes will end severe shortages of foreign exchange, which have forced the central bank to devalue the kwanza by almost 50 percent against against the dollar since January. State energy company Sonangol, meanwhile, is trying to attract foreign investment in oil fields and increase production that’s at the lowest in about a decade.

Egypt
The central bank took a big step early this month when it ended a repatriation mechanism guaranteeing foreign-exchange availability for overseas investors. That will leave the Egyptian pound more exposed to market forces next year as bond and stock traders switch to using the interbank market. Their response so far has been “extremely positive” and few are exiting their positions, according to Citigroup Inc., which recommends that clients buy three-month T-bills yielding almost 20 percent. With a fiscal deficit of about 10 percent of gross domestic product, Egypt needs the investment.

Ethiopia
Abiy Ahmed has pledged a raft of reforms since becoming prime minister in April, including opening up the telecommunications and power industries to private investors. That could further boost an economy that’s already the fastest-growing in sub-Saharan Africa. Still, foreign-exchange shortages are acute, putting pressure on the birr. Issuing another Eurobond would increase the Horn of Africa nation’s low reserves, but the IMF warned this month that it’s at high risk of debt distress.

Ghana
West Africa’s second-biggest economy is set to exit a bailout program with the IMF at the end of this year. That’s helped fix the nation’s finances and drive the inflation rate down to its lowest since 2013. Still, investors are wary about the finance ministry’s plan to sell billions of dollars of century bonds and hope it isn’t a sign the government will revert to unsustainable spending without the guiding hand of the IMF.

Kenya
With growth of around 6 percent expected next year, the Kenyan economy remains one of Africa’s most buoyant. But Moody’s Investors Service has warned about the government’s rising debt levels and said they’ll probably reach 60 percent of GDP in the medium term. The IMF has also said that, due to central bank meddling, the shilling is almost 20 percent overvalued and no longer a floating currency, which Governor Patrick Njoroge has denied.

Mozambique
The southern African country may have been in default for almost two years, but its Eurobonds are the best performers in emerging markets in 2018, making a price return of 15 percent. Much of that’s down to the government agreeing, in principle, a restructuring deal with most of its bondholders. If other investors give their consent early in 2019, it could pave the way for Mozambique to get an IMF bailout, tiding it over until it starts exporting liquefied natural gas in the middle of the next decade.

Nigeria
Nigerians go to the polls in mid-February, with 75-year-old President Muhammadu Buhari trying to fend off a challenge from Atiku Abubakar, 72, a former vice president. Buhari says he’ll continue to fight against corruption. Abubakar’s long been dogged by allegations of graft. But many foreign investors think his policies -- including ending a system of multiple exchange rates and selling part of the state oil company -- are more likely to revive an economy still reeling from the 2014 crash in crude prices.

Senegal
The West African nation has presidential elections in late February but investors aren’t perturbed, given its history of political stability. That’s one reason, along with economic growth of 7 percent, why Citigroup says its Eurobonds could be in for a rebound after selling off heavily this year. The Wall Street bank’s analysts recommended to clients on Dec. 11 that they buy the government’s 2024 dollar notes, which yield 6.8 percent.

South Africa
South Africa faces a bumpy 2019, not least because of general elections in May. Should President Cyril Ramaphosa’s African National Congress fail to win a significant majority, he may be forced to delay market-friendly reforms such as revamping debt-laden state companies by retrenching workers or selling assets. Conversely, he could accelerate others that investors are nervous about, including changing the constitution to make land expropriation easier. Crucial, too, will be an assessment by Moody’s -- the last ratings company to judge South Africa as investment grade -- soon after the February budget. A downgrade to junk would trigger the country’s exclusion from the World Government Bond Index and outflows of as much as $7 billion, according to Citigroup.

Zambia
Next year could be make or break for Zambia, whose Eurobonds have tanked more than those of any other sovereign in emerging markets in 2018 and trade at spreads of around 1,200 basis points above U.S. Treasuries. Bank of America Merrill Lynch says there’s an “increasing risk” it’ll be forced into a debt restructuring if it can’t negotiate friendlier terms on bilateral loans from China or get an IMF bailout.