So the bulk of petroleum products imported into the country is consumed by neighboring countries......... It's a pain I wasn't in this ship during the subsidy years

maishai:


Chai,,,,, border closure has finished petroleum marketing business........Management will never come out to say this but if u map out the route of major tanker drivers u will understand....

Borders were not closed in the first half of the year......
The problems with petroleum marketers started before border closure.

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27878_CADBURY_NIGERIA_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Na wa o. Is it possible for a company not to have any interest expense for 9 months despite the existence of short term bank liabilities?

Its a flat result if you adjust for zero interest expense in first nine months of this year.

pluto09:



Borders were not closed in the first half of the year......
The problems with petroleum marketers started before border closure.

Hmmmm......pls feel free to drop ur perspective on the issue

rebekah2011:
Zenith Bank Q3 results EPS N4.80. How are these banks making monies?

Audio MONEY

Drop in Local Sales Shrinks Okomu Oil's Q3 Turnover, Profit
https://businesspost.ng/economy/drop-in-local-sales-shrinks-okomu-oils-q3-turnover-profit/

Former Minister Leaves Board of UACN Property
https://businesspost.ng/jobs/former-minister-leaves-board-of-uacn-property/

Nigerian Consumers Expect Rise in Inflation, Naira—CBN Survey
https://businesspost.ng/economy/nigerian-consumers-expect-rise-in-inflation-naira-cbn-survey/

owoblow77:
People on this thread are now becoming spoilt. Pastor Vee must hear this

Generation of fo...

locodemy:
A time like this Loco is online 24hrs looking for new/fresh bottoms.

The rise will be fast and furious!

Those in space will see it.

Igi gogoro ma gun mi l'oju.

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27877_TOTAL_NIGERIA_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

I am not surprise by the result because the environment is not conducive for downstream coys. Like i asserted in my last post on the company where i stated that the chairman has warned of massive retrenchment should the poor run continue into the year. This could also indicate possibility of divestment towing the same way like mobil.

We are watching.

http://www.nse.com.ng/Financial_NewsDocs/27887_FORTE_OIL_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf ok

Aglevente http://www.nse.com.ng/Financial_NewsDocs/27891_A.G._LEVENTIS_NIGERIA_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27887_FORTE_OIL_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf ok

Interesting...will it now go on bid....

Border closure should favour Okomu oil and Presco. I see them doing well in the short term.

Transcorp is that child you know will not do well in school but you still have to keep paying his fees hoping that things might change. With all the gist and buzz around transcorp, it is not supposed to be a penny stock.

Problem is that, transcorp doing well is too dependent on govt policies and actions. With the instability in this govt, one should not expect much.

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27887_FORTE_OIL_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf ok

Audio TAKEOVER

veecovee:


Generation of fo...

Abi you wan take over forte oil

Hello everyone,

GTBank has 41 kobo down move to make a new 52 week low.

Remember where I called the Volume Adjusted Price many months ago?

Time tells the whole story.

Let's allow the markets be the final arbiter.

Enjoy the season everyone.

daddytime:
Gurus in the house, I've got some 300k to play around with. What stocks should I look at with a guidance from you guys. I'm a neophyte and oldskool na under bed we dey hide money...

Contact me, I will tell you where to buy the New Zealand Dollar and hold for a very decent profit.

@daddytime,pls run away from meshpips.
Stories already heard does not approve him worthy on people's money.

Be warned.

locodemy:
@daddytime,pls run away from meshpips.
Stories already heard does not approve him worthy on people's money.

Be warned.

Lol...thanks a bunch for the heads up..

I wasn't going to contact him anyways...

locodemy:
@daddytime,pls run away from meshpips.
Stories already heard does not approve him worthy on people's money.

Be warned.

Haba boss, if you know how Meshpips de look you now, just take a look he is not wishing you happy birthday.

phemmie06:

Haba boss, if you know how Meshpips de look you now, just take a look he is not wishing you happy birthday.

Very funny.

Man has the freedom to choose.

It is not a big issue.

^
^^

CBNs new directive to DMBs and other operators on OMO auctions.

I believe this move by the CBN is aimed @ easing off pressure on the reserve while keeping rates at attractive runs for FPIs, as a way of incentivizing them to stay put(not repatriate) and possibly roll over their funds @ maturity.

Elsewhere, there will now be even more excess liquidity that should find its way outside the fixed income space(particularly the equities market) as more fund from Individuals and cooperate investors(including certain class of DPIs) seek alternative channels for returns @ maturity of their current OMO play.
With this directive, I believe the DMBs(banks) will make so much returns in Q4 given that there should now be a wider pool of arbitrage to tap from.
YoY return will most definitely come in higher as interest income(from trading gains) surges up.

It's a strong POSITIVE for the equity market space !!

It is well.

maishai:


Chai,,,,, border closure has finished petroleum marketing business........Management will never come out to say this but if u map out the route of major tanker drivers u will understand....

Not exactly. Company repatriated profit from topline. Single line item of of N2b. Called Technical assistance and management fees.

onegentleguy:
CBNs new directive to DMBs and other operators on OMO auctions.

The banks will make a killing from this in Q4. Them Stanbic and Zenith will be smiling now.

MOST CHURCH FOUNDERS OF THIS AGE HAVE DECEIVED BILLIONS OF PEOPLE AND
CAUSED THEM TO CONTINUE IN SIN, WITH THE: "WE ARE NOT UNDER THE LAW," WE
ARE UNDER GRACE," AND "IT DOES NOT MATTER" SYNDROMES. THEY CUNNINGLY
PREACH AND ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/26#83414713

END TIMES WATCHERS TAKING ANOTHER LOOK AT MALACHY’S PROPHECY OF THE LAST
POPE AS POPE FRANCIS CONTINUES TO RADICALLY CHANGE THE CATHOLIC CHURCH

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/26#83415579

onegentleguy:
CBNs new directive to DMBs and other operators on OMO auctions.

I believe this move by the CBN is aimed @ easing off pressure on the reserve while keeping rates at attractive runs for FPIs, as a way of incentivizing them to stay put(not repatriate) and possibly roll over their funds @ maturity.

Elsewhere, there will now be even more excess liquidity that should find its way outside the fixed income space(particularly the equities market) as more fund from Individuals and cooperate investors(including certain class of DPIs) seek alternative channels for returns @ maturity of their current OMO play.
With this directive, I believe the DMBs(banks) will make so much returns in Q4 given that there should now be a wider pool of arbitrage to tap from.
YoY return will most definitely come in higher as interest income(from trading gains) surges up.

It's a strong POSITIVE for the equity market space !!

It is well.

I will not be surprise if the equity market participation by domestic investors comes higher in October.(MoM run in view)
The 3-month trend showed that foreign play had grown faster and ahead domestic participation.
With this directive, the latter play should gradually begin to crop up.
...and ur guess is as good as mine on what would be the likely result, should the current tempo from the FPIs(especially from the last 2 months) be maintained.

It is well.

if you are thinking which one to buy either ZENITH or UBA

my opinion is buy UBA UBA and UBA

reason: uba appears to have the best numbers so far

@ mendes its about time o, if u know u know