saanil: Guys any ideas on the exchange rate? It has been quite volatile in the past few weeks - any idea where it is headed in coming time?

Naira to devalue more. Nigeria produces/supplies less oil now due to vandalism. The value of our currency in the medium term depends on the amount of oil we supply.

frond:

Naira to devalue more. Nigeria produces/supplies less oil now due to vandalism. The value of our currency in the medium term depends on the amount of oil we supply.

Isn't the devaluation cause for concern? Do you see it going to 165 versus the dollar?

saanil:

Isn't the devaluation cause for concern? Do you see it going to 165 versus the dollar?

Cause of concern? Yes for the importers and people that use their products. Good news for the exporters which means they can get more naira. 165 in the short and medium term is very real unless government decides to prop up naira as usual by depleting their foreign exchange. Politically, you can't predict what the government can do at this time. However it doesn't make economic sense for the government to defend naira at 165.

frond:

Cause of concern? Yes for the importers and people that use their products. Good news for the exporters which means they can get more naira. 165 in the short and medium term is very real unless government decides to prop up naira as usual by depleting their foreign exchange. Politically, you can't predict what the government can do at this time. However it doesn't make economic sense for the government to defend naira at 165.

Face of Frond, Voice of Oga Nosa2. By their posts you shall know them.

9free:
Face of Frond, Voice of Oga Nosa2. By their posts you shall know them.

100% sure not him.

Omexonomy: i have made up to 65% since january this year. So 100% might be possible.

Thats incredible..

i would be happy to make 15% here in the U.S. Please can someone tell me how to get involved in the NSX, can you do it online w/ dollars or do you have to be in Nigeria?

[quote author=pleep] Thats incredible..

i would be happy to make 15% here in the U.S. Please can someone tell me how to get involved in the NSX, can you do it online w/ dollars or do you have to be in Nigeria?[/quot

1.You need to open a stockbroking account with a reputable firm
2.Pay in money to the account, then issue mandate for them to purchase on your behalf
3.Join discussion forums like this and SMN to follow trends on the NSE, and also to learn about investing in nigeria

N.b.
1.u can do it online, the broker u choose will determine the currency

pleep: Thats incredible..

i would be happy to make 15% here in the U.S. Please can someone tell me how to get involved in the NSX, can you do it online w/ dollars or do you have to be in Nigeria?

come to nigeria and invest you will never regret it.

pleep: Thats incredible..

i would be happy to make 15% here in the U.S. Please can someone tell me how to get involved in the NSX, can you do it online w/ dollars or do you have to be in Nigeria?

you want to compete with us with ur dollars i hate it. NONE THE LESS YOU CAN STILL JOIN US. I believe allmost All the traders in this forum do it on line both paying and withdrawing are being done online. The last time i saw my stockbrocker was early 2010 and i herd they had move from their last location. If you are intrested ask the house to to recomend a reputable stockbroker to you for my own rank fourth in nigeria.

it's clear that money was pumped into our capital market and now we really see how well we really look.the market must be steady and controlled by indigenous companies and investors if we want to be on safer side. Another fear now is the issue of dangote giant coy with heavy chain mend with the stock market and dragging the market.what will happen if dangote leave office,if his giant coy is heavily staked by foreigners as they're really blowing eyes on it.more big companies need to join the market to balance this potential threat

every company wants to issue rights.they dont want to be chased by interest rate.it will strengthen the market in the future but the implication is that, there may not be consciousness in the companies management to make the best use of the instrument.

[quote author=stockbull]




it's clear that money was pumped into our capital market and now we really see how well we really look.the market must be steady and controlled by indigenous companies and investors if we want to be on safer side. Another fear now is the issue of dangote giant coy with heavy chain mend with the stock market and dragging the market.what will happen if dangote leave office,if his giant coy is heavily staked . HELLO MY BROTHER WHAT IS THE BUSINESS OF NASD? AND HOW STRONG IT IS?.

now we want to trade on the counter. The speculators lounge.let's see how we will develop this to attract the world

I hear our friend the bear is now on steroids. Ready to give the bull another pummeling.

stockbull:




it's clear that money was pumped into our capital market and now we really see how well we really look.the market must be steady and controlled by indigenous companies and investors if we want to be on safer side. Another fear now is the issue of dangote giant coy with heavy chain mend with the stock market and dragging the market.what will happen if dangote leave office,if his giant coy is heavily staked by foreigners as they're really blowing eyes on it.more big companies need to join the market to balance this potential threat

'the market must be steady and controlled by indigenous companies and investors if we want to be on safer side'

What we need in the nse is for intense involvement of Nigerians and the only way this will happen is by 1) the market staying steady and without the media screaming "investors lose billions in the stock market today" 2) the listing of more indigenous companies like in telecommunications and power.

'what will happen if dangote leave office,if his giant coy is heavily staked by foreigners as they're really blowing eyes on it'

this statement is unfounded!

i also suggest the max loss per day should be pegged at 5percent while max gain should be 10percent per day. Is that a tall dream? I think this might stimulate growth too.

hello stockbull, you know say i day for car park day sleep as i was sleeping i come se you looking at fbnh and flour mills stock, pls stockbull what do you want to do with that stock? i all so se 9free buying uba stock .

frond:
However it doesn't make economic sense for the government to defend naira at 165.

Why? The CBN always wanted the exchange rate to be between 150-160. Now that exchange rate is moving further away from that range the CBN should be more hungry to protect it. Even I am wondering what actually CBN wants to do.

ihedioramma: hello stockbull, you know say i day for car park day sleep as i was sleeping i come se you looking at fbnh and flour mills stock, pls stockbull what do you want to do with that stock? i all so se 9free buying uba stock .

My Oga na B2bR you see oooo......na him like exceptional items for balance sheet pass me.
Meanwhile my broker couldn't get the additional units of Diamond bank I bidded for at sub N6.00.
Now I don't know which stock to sink this teshere money at hand.
Any suggestions my Ogas?

stockbull:


now we want to trade on the counter. The speculators lounge.let's see how we will develop this to attract the world

Great! This is what I have been waiting for.

Good morning House.

I have been looking at Courtville lately. At the current price of .78k, by next Tuesday, if you invest in it, you will be making at least[b] 25% profit[/b] on your investment. Someone please double check for the house. That is an awesome package by any standard...5k dividend and 1 for 5 bonus.

My traders at GTL should be busy today

9jaCrusade: Good morning House.

I have been looking at Courtville lately. At the current price of .78k, by next Tuesday, if you invest in it, you will be making at least[b] 25% profit[/b] on your investment. Someone please double check for the house. That is an awesome package by any standard...5k dividend and 1 for 5 bonus.

My traders at GTL should be busy today

you may be right with d below report " div & bonus", but when i saw 1st quarter report with higher pe i sold mine @82k

fxisreal:

you may be right with d below report " div & bonus", but when i saw 1st quarter report with higher pe i sold mine @82k

Thanks. I personally think the stock has a lot of potential in the medium and long term. One just wonders what is holding shares like this down at such a cheap price. They have been declaring profits for over 4 years straight and going through Lagos life everyday, you can see their products every where...they are really expanding their business and moving into new territories... they are even contemplating the carribeans now, after West Africa.

Also their Profitability to Revenue ratio has been steadily on the rise for the past years coming. Their CEO was bold enough to say on the floor of the NSE that their current price does not reflect their performance, when he last visited in May i think. He was unequivocal about > N1. I like such statements. Shows he knows what he's doing.

I am def. moving there.

UACN acquires 51% equity stake in portland paints and product plc. ( Source - www.proshareng.com )
Guys, what do you think about this news, this kind of announcement was made on livestock some few months and we can all see the performance.
Moi wan order PPNL tomorrow oo

jossy26: UACN acquires 51% equity stake in portland paints and product plc. ( Source - www.proshareng.com )
Guys, what do you think about this news, this kind of announcement was made on livestock some few months and we can all see the performance.
Moi wan order PPNL tomorrow oo

this looks like gambling

^^^ why do you say so?

jossy26: ^^^ why do you say so?

because you did not show us any fundamentals

otokx:

because you did not show us any fundamentals

But livestock didn't have any fundamentals either except for investors interest in agricultural stocks and market sentiment on UACN as a company cos of it history over a long period of time. I may be wrong in my judgement but I do know great news like this affect NSE. My 2cent, I be otondo for stockmarket

Guys, just foun this trend that will be useful for traders. I just read d trend dt stock prices move up month end and 1st week of the month.
http://trwstockbrokers./2013/07/02/will-typical-month-end-market-strength-show-up-by-sy-harding/

9free:
My Oga na B2bR you see oooo......na him like exceptional items for balance sheet pass me.
Meanwhile my broker couldn't get the additional units of Diamond bank I bidded for at sub N6.00.
Now I don't know which stock to sink this teshere money at hand.
Any suggestions my Ogas?

SO U WAN TELL ME SAY U NO BE OUR OGA AT THE TOP? and u wan tell me say u be two in one? why not try oando or buy more uba?

ihedioramma: SO U WAN TELL ME SAY U NO BE OUR OGA AT THE TOP? and u wan tell me say u be two in one? why not try oando or buy more uba?

Oando gini? When analyst have recommened sell for Oando. It has nt demonstrated any growth and has negative turn over. I put bid for portpaints 2moro, it has gained 10% already, I just hope my brokers will see to buy for me. Another one dt am looking at is Nahco. Diamond has slipped off my finger, I didn't buy d time I was to buy as I had a family issue dt wiped d whole cash. Thank God for money- it speaks. I also thank God for my job, I wonder what mum wuld hv done if myself and siblings were nt working. We just shared d required money and paid.
There will always be another opportunity to invest.