Agbalowomeri:


Burial of Dangote grandmother

Not sure about Christmas rally if that is what you're alluding to

Mpeace:
Market will surely move as 15th December gets closer. Everyone will taste it.

thesilentone:
Not sure about Christmas rally if that is what you're alluding to

If you are current with the latest developments in Nigeria, you will surely know what will happen on December 25th 2022

I see you're referring to the currency swap, I won't be hanging my hopes of a rally on that premise.

There are too many official non-happening policies that it would be surprising if this swap happens. There is enough time for the regulators to change their minds.

Don't get pulled in or out of the market because you think something will happen. There is enough time to partake IF it happens.

Mfunkynation:

If you are current with the latest developments in Nigeria, you will surely know what will happen on December 25th 2022

thesilentone:
I see you're referring to the currency swap, I won't be hanging my hopes of a rally on that premise.

There are too many official non-happening policies that it would be surprising if this swap happens. There is enough time for the regulators to change their minds.

Don't get pulled in or out of the market because you think something will happen. There is enough time to partake IF it happens.

100%% boss!! You see this country Nigeria, I don't believe anything until I see it! Even dividends that I am owed, I remain skeptical until that money hits my account. This is the way in Nigeria, you're almost never disappointed when they let you down

Learn Mandarin Chinese at your spare time

RabbiDoracle:
Learn Mandarin Chinese at your spare time

Ment

Same population as India

RabbiDoracle:
Learn Mandarin Chinese at your spare time

When the Naira appreciates, you don't hear a peep. Always silent. Even a 25% change?

Flying Fish...
Fish about to re-enter water...

ImperialCovfefe:
When the Naira appreciates, you don't hear a peep. Always silent. Even a 25% change?

Exactly what crossed my mind. They are only good at reporting doom and gloom

DeRuggedProf:
Flying Fish...
Fish about to re-enter water...

Please, what do we expect?

Phlinx:
Exactly what crossed my mind. They are only good at reporting doom and gloom

They won't post such reports since it's not beneficial to their personal selfish interests......

Think I posted something similar 2 days ago, that there are quite a large activities in the financial sector especially, as the Naira keeps appreciating against Dollars.......
The pot bellies seems to be running Helter skelter to secure their funds in commodities and equities ahead of the new notes introduction in Dec 15 2022 and deadline of 31st Jan 2023.....

Some Reports also have it that US may cease to use the Dollars printed before 2021, with Jan 31st as deadline...... double wahala for rich ogas and hoarders...
(*Though there was denial but, it's not impossible)

Some strange things are happening in the financial sector of the world in general...

https://www.vanguardngr.com/2022/11/naira-rebounds-as-new-currency-notes-introduction-draws-closer/

ImperialCovfefe:
When the Naira appreciates, you don't hear a peep. Always silent. Even a 25% change?

It's only profit taking
We will be back there next week Lol

sky2891:


Please, what do we expect?

A rebounce from today...

DeRuggedProf:


A rebounce from today...

The-Rugged-Prof nice to see your chart pattern

Agbalowomeri:


It's only profit taking
We will be back there next week Lol

...I agreed. No story to tell on naira 1 - 2 day appreciation, when fundamentally nothing to back it up. We depend largely on importation, low productivity, high inflation, corruptions, bad economic policy implementations etc I will be surprised if the rate is not >N1,000 to $1 in the next few days. Not a gloom or doom; it's the reality

BullBearMkt:

The-Rugged-Prof nice to see your chart pattern

Thanks Boss. Respect.

If you have CSCS Subscription, please login and check your portfolio, something is not quite right with mine (first issue since I subscribed). I've gone from double digit companies to just one

Laughter is my only reaction

thesilentone:
If you have CSCS Subscription, please login and check your portfolio, something is not quite right with mine (first issue since I subscribed). I've gone from double digit companies to just one

Laughter is my only reaction

Really ?

ImperialCovfefe:
When the Naira appreciates, you don't hear a peep. Always silent. Even a 25% change?

It's only speculators cashing out on their profits (profit taking) via the appreciation we saw. The fundamental factors affecting the devaluation over the years are yet to be resolved and the CBN still maintains its foreign exchange control policy so we will be back there gradually.

A quick review on how long it takes to get BTA or payment for school fees should give you an idea that it's just a pit stop.

ololufemi:


It's only speculators cashing out on their profits (profit taking) via the appreciation we saw. The fundamental factors affecting the devaluation over the years are yet to be resolved and the CBN still maintains its foreign exchange control policy so we will be back there gradually.

A quick review on how long it takes to get BTA or payment for school fees should give you an idea that it's just a pit stop.

I want to believe the recent depreciation of the naira is fuelled by speculation and not much by economic fundamentals......

pluto09:


I want to believe the recent depreciation of the naira is fuelled by speculation and not much by economic fundamentals......

Do you operate a Dom account? Have you tried to withdraw dollars in recent time?

Agbalowomeri:


Do you operate a Dom account? Have you tried to withdraw dollars in recent time?

The same inability to withdraw forex occurred in 2009 - 2010, 2015 - 2016, 2021 - 2022. So it is a cycle that will pass and USD/NGN will revert to 415 if not lower.

This too shall pass.

RabbiDoracle:


The same inability to withdraw forex occurred in 2009 - 2010, 2015 - 2016, 2021 - 2022. So it is a cycle that will pass and USD/NGN will revert to 415 if not lower.

This too shall pass.

The scarcity is still there and until it is out, we will still have to deal with scarce supply

Just checked my small 52 MTN shares and all I can say is Omo.
Something that was so high middle of the year is dropping like a man that just cum.
I just dey laugh.

bennyflipy:
Just checked my small 52 MTN shares and all I can say is Omo.
Something that was so high middle of the year is dropping like a man that just cum.
I just dey laugh.

remaining chinkili thing let mtn get to N100 less than that high youbtalked about.

Agbalowomeri:


The scarcity is still there and until it is out, we will still have to deal with scarce supply

On point

Why do Nigerian companies not buyback shares? Or am I looking in the wrong places?

Mpeace:
remaining chinkili thing let mtn get to N100 less than that high youbtalked about.

I am thinking was selling everything, but I am holding till end of Dec.

bennyflipy:

I am thinking was selling everything, but I am holding till end of Dec.

I am holding long term.

thesilentone:
Why do Nigerian companies not buyback shares? Or am I looking in the wrong places?

I believe Dangote did a lot of buyback during the first half of the year.

Imagine if the big banks did the same thing and used all that dividend money to buyback some of their shares!

A lot of people/retirees will not like this but I personally will not mind. That’s 10% less taxes shareholders will need to pay to the crooked government