alezzy13:


Is it being prorated as well?

No

Even oga BBM, our TA expert said it here that, there is no point running away from NSE at this time since its already at the bottom with high dividend yield.

Please see today’s Tbills rates below. Kindly choose your preferred tenor and also confirm if you want your interest re-invested or paid upfront.





Maturity

Tenor (Days)

Rate (%) p.a.

Yield (%) p.a.

12-Dec-19

37

9.00

9.08

30-Jan-20

86

9.50

9.72

14-May-20

191

10.50

11.11

13-Aug-20

282

11.20

12.26

29-Oct-20

359

11.50

12.97

Afrinvest

Is this true because some of us have jumped from the fence to top of the tree waiting for the bottom. Anyway, it's still IGG.

Healthserve,

I hope you have paid this your client his money
lekzytaker:

hello sir. I am not happy with you about how you are treating me. I wrote a 1.5-word article for you on the 7th of October. And you are yet to pay me. you are avoiding me on WhatsApp. and not updating me. this is my first deal with you, I don't know if I can trust you.

cc: lekzytaker

nofundforme:


Sir, with all due respect, can you talk about investments that can make someone rich. I know u wouldn't win this argument, it's a culture to scam in Nigeria. Crucify, but don't forget to provide solution. Youths of this country still need a favourable environment to thrive. When you separate favourable ground from a country, this is what you will get: scammers, arm robbers, thugs, ritualist, etc. The frustration in the country is overwhelming, and it needs to be addressed. No body is a saint as far this country is concerned. If you want to tackle all these criminal acts, you have to start from the root cause. The problem is not from the youths, but a failed system.

Sir, lets stop giving excuses to those who indulge in crime/fraud, its all about human greed and not the Nigerian factor. The biggest scam in history was perpetrated by an American, Bernie Madoff who scammed Americans to the tune of over 35 billion dollars. Can we blame such crime on American system too, was America not a favorable environment to thrive. The majority of the Nigerian guys in FBI 77 list live in USA with some of them having American passport, why do they still go into crime despite living in a country where they can thrive. This is to tell you that, criminals has nothing to do with nationality, race, gender and colour. Its all about poor parenting, human greed and lack of human values.

I think porating the amount is not a bad idea though than returning the entire amount completely. Atleast some profit has been locked down while using the remaining funds to chase other assets. Rates are expected to keep going lower considering this CBN OMO actions. From Oct 2019-Feb 2020 (4 months duration), 7-8 trillion naira are expected to mature from OMO bills. Most of this money will have to be chasing other assets class, which means demand will be more than supply and therefore rates will keep going lower in the money market.

Nnamz:

That Instagram clown has more money that you would or could ever make in your life time (your past, current and future earnings combined together). My advice to you is, don't hate on rich people. As I always tell people, do you want to be rich someday? If your answer is yes, then why hate rich people if you're going to be one some day?

Why are you spewing thrash all day. No one is hating on the rich, if you must be rich, do so without violating the right of other human beings. There is dignity in labour, anyway, this faceless forum and cheap data has been you the gut to relate with people you can never stand in real life considering their financial worth. The person you are referring to is a businessman and pouring out his concern on others than you decided to look at it with the wrong perspective. People like you encourage fraudsters /scammers but their end is usually brutal. Take a cue from Bernie Madoff pls, he was sentenced to 99 years in prison while 2 of his children had to commit suicides. What is the essence of the ill gotten wealth then.

Dear Valued Investor,


In the past two weeks the CBN has sent out a number of circulars regarding the modality of OMO auctions going forward.


To begin this discussion, we feel the need to first explain what an Open Market Operation (OMO) is. Going back to basic economics, it is simply a tool with which the monetary authority (CBN) uses to regulate the supply of money available in the economy or to regulate the supply of money that is on deposit in Nigerian banks. Going by this definition, an OMO auction should traditionally be between the Central Bank and the banks it regulates, in a bid to control money in circulation. However, other classes of investors, other than banks have been allowed to participate in the auctions, prior to the CBN’s circulars.


Now, these circulars released by the CBN have addressed various aspects of OMO participation:
1. The first circular which was released upper Friday required banks to be adequately funded ahead of the OMO auction result, which we believe was to help curb the appearance of padded demand at the OMO auctions.
2. The second circular prohibited bank customers with loans from participating in OMO and Treasury Bill auctions.
3. The third and fourth circulars which were the most important ones, effectively barred access to the local investor universe (Corporates, Individuals, Pension Fund Administrators, Asset Managers, Insurance companies etc) from participation in either the primary or secondary market of OMO bills. However, not excluding Foreign corporates and Commercial banks.

This means that the apex bank is telling all excluded parties to go and play in other asset classes (e.g T-Bills or bank placements), as a means of managing any short term liquidity needs . We opine that the raft of circulars from the CBN, point to its continued attempts to put a lid on the high interest expenses on the CBN’s balance sheet, associated with these OMO bills in the era when it was offering elevated interest rates to whet the appetite of Foreign Portfolio Investors (FPIs), in order to support FX reserves.


What Happens Now?


In the run up to Q4 2019, a major concern across the domestic fixed income market was how the CBN was going to handle the deluge of liquidity from maturing OMO bills. Between October 2019 – February 2020, scheduled OMO bill maturities are in the range of N7-N8trillion. So what is going to happen to all that liquidity?


In the near term, the impact of the OMO ban on local investors could play out in three folds:
· Firstly, it will drive a price rally (significant drop in yields) across debt instruments, as excess demand from building local liquidity chases the thin supply of available T-Bills.
· Secondly, the sudden closure of the large OMO bill market would lead into a drop in trading volumes across the front end of the NGN yield curve.
· Lastly, local investors would look to chase longer duration T-bills and would essentially sell off positions in short term T-bills.

Going forward, as more OMO bills mature (November – N1.45trillion and December N2.7trillion), excluded investors would have to find new outlets to pack these monies into, including:
1. Treasury bills – which we already mentioned is significantly smaller than the OMO market, advertently leading to further yield compression. We spotlight that at the T-Bill auction yesterday, the DMO sold N28.02billion, N10.62billion and N93.92billion of the 91-day, 182-day and 364-day bill respectively. The respective stop rates declined by 131bps, 55bps and 144bps to 9.49%, 10.45% and 11.50%, compared to the last auction.
2. FX – which could exert pressure on the Naira.
3. Bank deposits – the excess demand could also apply some downward pressure on deposit rates.
4. Equities – We have continued to spotlight the attractiveness of the equities market (down 16.29% YtD). Despite their recent apathy towards the local bourse, PFAs and other fund annuity fund managers may have no option but to reallocate funds in to the equities market, as opposed to T-Bills that would go well below inflation rate (11.24% y/y as at September 2019 versus 1yr T-Bill at 11.50%). On that note, our top picks remain DANGCEM, GUARANTY, MTN, SEPLAT, NESTLE, UBA, UNILEVER & ZENITHBANK.
5. Individuals and some corporates could also look to invest in money market funds like Abacus Money Market Fund currently offering 11.50% p.a






Warm regards,
Investment Management & Research
Research@investment- one.com

Akin3891:


Radarada, so people gat know say i wan invest in tbs, investment that ought to be private, now you will have to bring someone along each time you want to invest your hard earned money, like a kid that doesn't know his right from left ,this is so annoying. If my wife can't follow me down to the bank, so no tbs investments for me .i know banks are trying so hard to deter customers from investing in tbs,so they can lure you to do their own meagre fixed deposit. The new cbn policies on OMO is giving them new wings, forgetting that tbs investors are damn educated n can read in between the lines. Also, there is no how secondary markets will be scrap, how abt those that want to auction their tbs before maturity, who is going to buy from them? I know all these shakara from banks will pass soon, when they realize that investors stand their ground n even lecture them the difference between OMO n FG tbs.

I hope you know that banks also invested in tbills. It will be a good advantage for them to buy off from people that wants to sell prematurely in the secondary market and not sell it to individuals. Its not that there is no secondary market on going oo but the banks are buying it up since they have excess liquidity because people will always sell Tbills prematurely due to unforeseen financial obligations that just popped up.

He be like say the rejected Tbills money of 432B naira by CBN yesterday don they find their way enter NSE oo considering the kain volume/values traded so far today.

ahiboilandgas:
if I get the agric loan at 6 percent I go use am buy tb 12.5 ..i was also processing a huge morgate loan at 7 percent and my mind they bond at 14.5 God know I can't come kill my self i will not even buy truck

I hope you are not taking those loans from Nigeria, this was the same reason CBN crowds out everyone except FPI's and banks from investing in OMO bills and there next plan is not prevent people indebted to banks from investing in Tbills.

Dangcem share buyback and reconstruction
http://www.nse.com.ng/Financial_NewsDocs/28063_DANGOTE_CEMENT_PLC_CORPORATE_ACTIONS_OCTOBER_2019.pdf

locodemy:
Lol......market trying to reverse.
Those who got Gtb at 25.50 should jubilate.

When i am still waiting for top up at 25 and below.

So madam Teeonly still dey NSEMPA as i can see her viewing the thread and she stopped posting the NSE results for us to see. She was the most efficient person then in posting NSE results to NSEMPA. Welldone ma, you are greatly missed.

Its been long we heard from Senior Tolu, can someone who has his contact help us check on him. trust he is enjoying his retirement.

mendes911:

GTB about to set the downward pace. Long overdue oooo.

This will be good news especially if they can all retest the Aug low in order to buy them cheaper. The lower they get the more attarctive they become in CP's voice.

Is volume drying up as sellers are reducing?

So this is what Agba is trying to avoid

No matter how great a company is or how amazing their earnings, a bear market is like a hurricane, it damages all boats regardless of how great they are. Defense is the best policy until price action finds key support and makes higher highs.

----Steve Burns

locodemy:


Almost all the bids at 17 got filled except 312,998 units that were not filled.

Did you place your order good for a day or 7 days?

It wasn't filled yesterday and moreover I got it filled today at 17. Morgan doesn't have that option of placing trades for 7 days like meristem.

locodemy:


The last man for the day drop it to 17 dot.

I hope my order got filled at 17. We might revisit the 52 week low of zenith again if this just released good result can't still move the stock then it means the bear is still very much with us. We need to moderate our expectation of bull in Q4. Make I sidon they enjoy my over 16% dividend yield in zenith while waiting for the bull whenever it comes.

BullBearMkt:
...Really Messy Today
Sorry guys, this has nothing to do with stock market!!!
I felt like boarding public transport after soooo many years today, but as I got off from the last one - which happens to be "keke napep/marwa" I noticed that my body is a bit light. Checking my pockets, my phone (I tell you, it was my mobile office) could not be found.

Please, if I have your contact, take note & kindly don't respond to any "friendly request". It is definitely not from me.

Eyah, so sorry boss to hear about the loss of your phone.

lancee:


Yes ..was able to pick some ..Jejebabsy how re we going to rebalance zenith and uba ..Taatann ni o

Any amount of div must drop next yr

Oga mi R'R' Onifaa pls help re-confirm

Oga mi sir,
I don gba kamu, na to dey keep chopping dividends till I breakeven. My uba cost price is now 7 naira while zenith is now 18.55.
We die here.

Zenith seen at 17 or my eyes never clear?

lancee:



Ok oo As oga don dey ask me maybe na cooked one..we go wait till when they finish cooking all FY 19 div loading for jejebaba 80k

Oga mi sir, if I see 70k. I will be more than happy .

feelamong:


Boss....you really prepare wella come this time around around

abeg use that Heikin Ashin look UBA for us....any strong uptrend signal there?

Truly bull is here as all our oga dem don they show face small small.

currentprice:


which one be AD

Agba and his Advance decline ratio always.

BullBearMkt:

...my challenge on UBA weekly is the absence of volume. Momentum is rising what is left is to have increase in the participation of men-in-black. For now - 5.90 & 6.15 on mind

Ok sir, well noted. Thanks for the input/update.

lancee:




No worries ..u go dey smiling at the end ...Me self sold my access for uba ..and even collect tasere loan to load more ..Hopefully it must deliver
Access don waka ..i no even know how to join access

Thanks, oga mi sir.

Agbalowomeri:


He cannot confirm this one next week, maybe sometimes in late October or November
Whichever case, it is a good decision as far as you are giving it one year, 100% or more sure you for you

Amen oo. 100% will be too generous, imagine 4.96% APR to make 100% gain in a year. What else can someone ask for.

lancee:




Jeje himself loaded ..only 75% na to retire from ur job

Oga mi sir. I remain loyal ooo. This stock will either make me bankrupt or ..... For me to take forex loan to buy this stock while it is presently 75% of my portfolio and to even buy more next week once the bull is confirmed on the weekly by oga BBM and co.

kolaish:
That is the problem with UBA. Though the bank always have good numbers to back it up, but when it comes to capital appreciation, it could be frustrating for the holders. FCMB and other small bank would have returned 150% appreciation before UBA will be struggling to give you 75%.

Baba, if UBA can do 75% capital appreciation. Hmmmn.......