ihedioramma:
LOCODEMY HOW MARKET?

Ihedi, long time no see. Good to always hear from the veteran of this forum. ONE LOVE.

@emmanuelewumi, you are good. Old man with wisdom and knowledge. When will you open your stockbroking firm

SonofElElyonRet:

There you go again.. just pointing out to mr Emmanuel that the broker's recommendations were a bit surprising with regard to presco.. you too talk.. abi you be woman? Chochochochocho

You dey mind am? I think the guy is a juvenile, mamaa na boy type that mistakenly finds himself in the midst of elders with wisdom. I've resolved not to read his post again, I think he has the same xteristics with @sboga

Mankind2024:
The government is handicapped. 90% of stolen crude oil ends up in European refineries, while 10% is smuggled to African nations. Breaking binding contracts will lead to severe consequences, similar to Venezuela's experience when Hugo Chavez seized foreign oil companies' assets via forceful nationalization, resulting in the country's current worsened state.

Commendation for the write-up. But then, the bolded can only take place if the government is part of the corruption circle. Every contract/agreement has a clause and ways to nullify it legally. Simply put, the present government is a part of the corruption circle, hence the continuation of the status quo.

Streetinvestor2:
Let him hate nigeria as long as his investments are in nigeria. The ones that love nigeria have investments in Malta,dubai and other countries. His investments are putting food on tables for many Nigerians directly and indirectly. I have not seen his employees complain of not being paid well or being owed.iF I may ask how many Nigerians do you employ in your own capacity

On point. Thanks

BullBearMkt:

@ndept, I was about to fulfill my promise to you during the week, but when I checked your profile, I realised you are more of FA guy. In order not to waste my time, let me know your thoughts on ETRANZACT.

It is good to follow who know road and you have a sharp eye for seeing DB.

crownprince2017:
See the screenshot below

@streetinvestor2 is right with the questions he has been asking so far. Ellah Lakes has been doing audio farming for some years now without any feasible plant on the ground. If you talk about Okomu and Presco, you can visibly see their farms in Edo State with lots of palm and rubber trees. Investors will reckon with Ellah lakes stock when the activities of their farms start reflecting in their financial result. Period.

PETERiCHY:


This time around OANDO will break the #16 barrier.

LOCO rightnow
He's twice bitten thrice shy


BARGAIN HUNTERS TAKE NOTE!

lol. @locotrader, wetin you buy from peterichy's market wey you no pay?

megawealth01:


I don't think he has ever said anything about OANDO...

I think Oando dey im own class sha...

He once expressed his personal opinion that he thinks Oando will delist.

But then, with the way I am seeing things, I doubt if Wale has the intention to delist Oando from NGX. The Wale that I know would have had no problem delisting Oando if he want to do it because he would have hasten/fast track the court processes towards it, remember this is Nigeria and the person we are talking about is a close ally of the presid...

In addition, if Oando still want to delist in the near future, they wouldn't have made any effort/statement to release the 2022 & 2023 AFS after they were suspended by the JSE.

immortalcrown:
It depends on your alma mater.

My secondary school alumni association donates money for sick members and for members hosting events. Those hosting events are not mandated to give the association anything. Accept the alumni's donation and serve the alumni whatever you can afford.

This is the most meaningful contribution of alumni association.

I finished secondary school in the early 80's, so my secondary school alumni association is a very strong one. We have done so many meaningful projects for our secondary school, like sinking of borehole, renovating dilapidated school building, providing textbooks for the school library, standard lockers/chairs for classrooms, donation of sport wears for the school football/volleyball team amongst other things.

In addition, we attend wedding ceremonies organized by members for their children and provided moral and financial support to each other in the areas of job employment, award of contracts. The house I built in Ibadan last year was given to an alumni member... in fact the list of help we render is endless.

olujaidi:


So its like peer to peer trading? If yes, does it mean those trading parties negotiate their prices outside of the market? Also, how come the market price of the stock isn't affected?

Most of those cross deals are done at current market price of the stock. However, this is not to discountenance some variations in price due to system/human factor.

wanaj0:
Eku market ooo

"Oga at the top" it's been a while. You are highly welcome

emmaodet:


Madam Mercy, please how do you identify a cross deal

As a layman, the best way to identify cross deal for example is:

If you are using morgan itrade platform, You check the total offer of a company and you see 10 million units, while Bids amounts to 7 million units. Then from nowhere you start to see deals of 24 million units, 30 million units etc taking place that were not placed on the offer/bid board of that same company and also without any of the current offer/bids being touched, that is surely cross deals

Princkez:
ACCESS BANK to pay #1.80k dividend....

Quite an improvement. Bringing the total dividend for 2023 financial year to 210k as against 150k paid in 2022. This is a good omen for the banking sector. But then, the market has its own mind to say if the increase in dividend is sufficient enough to sustain the price!

If you are making huge financial progress as a boss, you owe it a duty to carry your workers along. If you build castle, try and build at least a bungalow for your workers. The idea of you not owing them salary does not hold water. Salary are not meant to make someone rich but to sustain his living.

Frangel:


Note that the fx revaluation gains are largely unrealized.

How is it unrealized? Some of the banks have already included it in their EPS. That is what probably makes UBA to have EPS of about N12.93 in Q3. I stand to be corrected on this assertion though.

https://www.nairaland.com/8031235/cbn-insists-banks-cant-pay

This has been the pattern and policy of CBN when banks is about to release, or has released their result indicating forex gains. Thereafter, this news will depress the market (especially banking stock) for a while before picking up again. The coming week will indicate if the same scenario will repeat itself.

Kwibaba:


Please explain more... price may recover a day or 2 after Mark down

This simply means that for example: if Zenith Bank close at N46 today and declare N2 as dividend with same today as qualification day. By tomorrow, Zenith will open trading @ N44 meaning that NGX has removed the N2 dividend from Zenith stock share price. Then by the close of market same tomorrow, Zenith was able to gain N2 to close @ N46, that means all the Zenith bank shareholders that received the N2 dividend just got like awoof money because the N2 dividend they received as dividend was recovered by the stock that same tomorrow to close at same N46 it initially open trading in the morning.

Nvestor02:


I hate it when a religion slave reply me.... What was the 1947 peace cord that you were talking about?

The 1947 peace cord doesn't give the Palestinians the right to stand alone... It only give them the border and make them live under Israel rule.

No matter what how you delay it, Palestinians will be free with the large percentage of land.

This is the biggest nightmare and truth that Israel hate hearing.

Put aside religion and answer my question. Who are the ancestors of the Palestinian that were occupying the land before the advent of the Jews? I already told you that Abraham, Isaac, Jacob, Moses (All Jews) were all connected to that land, before Joshua and other Jews went to occupy the land more than 2000 years ago. Who and what are the names of the Palestinian ancestors and descendant occupying it before the Jews were there? Give us their names. I challenge you to answer this question because you seem not to know history. As a matter of fact, Israel was the one permitting them to stay where they never belongs. If I were Israeli leader, I will push all of them to Jordan and Iran where they belong.

Nvestor02:
Ever since the bible days, The terrorist Jews has been stealing, Fighting and killing people for land.

If you allow them to settle in your place... They will soon claim that God has given your land to them and try to overturn the history in the name of their imaginary God.

We need a new planet when there will be no most powerful country or race.... A planet where everyone will be equal.

God himself destroy this planet in the first place According to bible, when he said the so called Israel is superior. ( Anyway sha, I stopped believing this nonsense when I stopped being a Christian)

This is the reason why I don't really blame hamas, you cannot beat people and don't want them to cry. You keep stealing Palestinians land everyday.

Build illegal house in the west bank that everybody recognized as Palestinians land..... When you know that this will invoke the Palestinians to fight back in protection of their land.

When they fight back like this.... You will call it terrorism, kill more of them and take more land. (They are recycling this nonsense for almost 100 years now.)

If I'm a Palestinians, I'm sure I would have die by now.... Because I will never live and watch some people taking over our land.

Palestinians has every right to exist... Israel can only delay it.... They cannot deny it.

You must be an extre.mist to still utter this comments taking into consideration that knowledge is free and at the palm of your finger but you blindly refused to learn. Did the palestinian tell you they want a land of their own and were they not given a nation in the 1947 peace accord and they refused. All they want is to destroy the Jews. We know Abraham, Isaac and Jacob as the ancestor of the Jews, down to Moses, king David and others that are connected to that land dating to more that 2000 years ago. I challenge you to mention the names of the ancestors of the palestinian that were occupying that land from time immemorial. Go and read history, nobody has ever succeeded in destroying the Jewish people. From the Persian, to the Roman etc, the Jews has always come out victorious because they are God's people. Be careful about your utte.r.ance against them because you will also meet your disas.ter if you don't stop.

ositadima1:
How is closing Binance and other crypto trading platforms

The measures to restrict the bolded may lead to more cash flow into the NGX, coupled with the fact that the AFS of some companies will be released from next week.

As for the naira/dollar discussion, it is relative and has much to do with where you are coming from, and your current position. For example, from 1st January 2023 till 30 January 2024, my portfolio in stocks appreciated by 384%. During same period (January 2023 - 30 January 2024) the dollar appreciated by less than 200% (from around N700/$ to N1,500/$). So, with this narrative, I am better with my stock investment than being on dollar holding.

Moving forward, the dollar is now selling @ N1,600/$, and the highest price I see the dollar in January 2025 is N3,000/$, which is less than 100% appreciation. The crucial question to ask is, if one can make more than 100% appreciation in its portfolio between now and January 2025. As for me, I think I can make it. So, I don't need any dollar investment for now.

* dollar rate quoted is more of black market rate

Boshins:
what is d advice? That I'm here wasting my time is d advice? Oga, park well...

Thank you for the bolded. God bless you. But one thing I like you to know is that there is little sense in every non.sen.se. It now depends on how you view it.

Boshins:
stop posting this nonsense on this forum...we r not babies here....

With due respect, stop quoting someone's post as non.sen.se especially when it is an advice. It is not a good and polite way to reply one's post, you can bring your advice/suggestions politely to counter what he/she has said. Though a faceless forum, but let's respect each others view.

@Greenvaiper, @Ballzproblem2 and others. With due respect, I want to let you know that this forum is a noble forum founded to create wealth through the capital market for all members. Please try as much as possible to admonish each other with peaceful words full of wisdom, rather than abuses and derogatory words. It takes virtually nothing away from you to correct each other peacefully. If those that founded this platform and other members have been using those abusive words repeatedly, this platform wouldn’t have lasted this long. It is due to abuses and derogatory statement that we have been losing some resourceful members on this platform and for your information, some members here are over 50 years and detest those languages.

Please let’s stay focused on making money and keep aside grudges. Wishing you all a nice weekend and Good Luck in all that you lay hands upon.

PuristForest:
I think nascon will touch 40 region before a rally..

Thanks for your submission, I appreciate. In the NGX, never say never. That is why I will not argue your position. The price touching N40 may happen if the NGX as a whole is bearish for days. But personally, I doubt if it will go lower than N48 until the consumation of Dangfoods. In addition, I see NASCON coming out with good Q4 result that will sustain the price above N50.

Those that doesn't want to miss opportunities are silently buying NASCON at current price. Though I am yet to get all the units I want, but I intend to wait for the release of DS result which in my opinion may likely bring the price of both DS and NASCON down a little, by then I will buy DS and more NASCON. As a reminder, don't forget @customstreet submission on both stocks. Therefore, I advise that you strategically position yourself for the harvest.

Locotrader:


It wasn't easy for me to pull off yesterday.
After looking at right, left, front, back, up and down,I decided to back out of the contest and never in this life to talk or trade on oando.

I wish everyone in the boat success in all their endeavor including you my friend.

lol @ the bolded. So loco could be afraid of some stock afterall.

But I know you very well, you will still jump at Oando if you see glaring opportunity to make money there.

Locotrader:


You should have done more practices of that and keep it to yourself.Maybe it will be helping you to build wealth in the future if you have the cash to do so.It is a criminal act to me when you let it known at a public domain like this.
Nigerians like to learn bad bad things than the good.

Do you know some people wanted to use a similar strategy just as you stated it to crash our market this time.They only said prepare for bears when nothing is wrong in the market, the next thing we saw was massive selloff but thank God for CBN intervention....

Peace

It was actually the CBN that started the commotion with their policy on forex to banks. The memo leaked to market operators early in the week and that was why the insiders rushed to sell their holdings. If you could remember that the same scenario played out when banks released 3rd Quarter result and CBN brought instruction about not paying divident with forex gains. The market is controlled by demand and supply. Many people also rushed to sell too after seeing massive supply. It was after the banks responded well to the memo that the market rebounds. But then, not all is uhuru yet because we don't know the policy guidelines CBN will still come out with on a later day.

222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution............

Well said. You have passed your message. Personally, I do not see anything fake in what you have done. They do that during public auction too. You can only do that in stocks that are not particularly liquid. Why not go and put fake offers in Dangcem now or banking stocks and see how far.

Beside that, there are times I will try and buy a stock and see another good opportunity somewhere, then withdraw my offer and take the money somewhere, will you call that fake offers too?

.

@ all. It is no gainsaying that most of the tier one banks may likely report huge earnings due to forex gains. Banks like UBA may report +N15 eps. Same with Zenith and GTB. One crucial question I am yet to see being discussed is: what becomes of the huge earning that is earned by majority of banks taking into consideration that the CBN instructed them not to pay dividend from forex gains.

Will the banks go out of the way to pay dividends from the forex gains or keep the forex gains in their retained earnings or invest it in other instruments like bonds etc? The answer to this question may shape the directions of banks earning in 2024 and market directions in coming weeks.