Stats: 3,190,564 members, 7,941,147 topics. Date: Thursday, 05 September 2024 at 06:16 PM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11481905 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
(1) (2) (3) ... (7579) (7580) (7581) (7582) (7583) (7584) (7585) ... (8125) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 5:02pm On Feb 06 |
mikeapollo:My only fear is that the case will linger for longer time. Except their is a settlement out of court, be sure that the case won't be concluded this year. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:03pm On Feb 06 |
Mpeace: Make I go buy 10 units of Oando come join myself for the petition |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:07pm On Feb 06 |
Mpeace: Very loooooong thing. My suggestion still stands |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 5:08pm On Feb 06 |
Streetinvestor2: Am not a good chartist, I use it in it's most crude and elementary form, avoiding all the high sounding terms. I was navigating some stocks inside Ichimoku cloud and I now know better when the weather man tells me the clouds are very thick and I should be careful below them... ![]() Oracle used TA to personally inform me that Transcorp was heading to N15. I vehemently disagreed with him. He said I should just know. He said he does not know the event that will make this happen, but it will definitely happen. Transcorp was selling at 95kobo when we discussed. He told me to just get some units and forget about them. The rest is history... ![]() 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:15pm On Feb 06 |
Mpeace:Honestly, this was what I'd expected.....either the Court strike out the case or the parties agree to settle out of court. We may never know what could still happen sha. From the stock body language, there seems to be more than the court case we are seeing. |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 5:16pm On Feb 06 |
yMcy56:Looking at today's price, salt is seriously lagging behind. Am begining to think there's something we do not know |
Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 5:19pm On Feb 06 |
yMcy56: |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:21pm On Feb 06 |
veecovee:This market is the more you look, the less you see. ![]() It could be the activities of some investors, brokers, MM or insiders to depress the share price, so they can pick cheaper for their pot belly clients. Many things do happen behind curtains. * As it is, based on today's closing price, Salt is cheaper to pick. A difference of around 14naira btw the two now.... Also, from past reports, NASCON's report is more healthier than that of SUGAR...... We'd expected that NASCON's report will cover for SUGAR self..... * The ratio has been communicated already, except there's now going to be an amendment or whatever. We'll see how it all pans out anyway. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:23pm On Feb 06 |
yMcy56: It lost a whooping 1.20kobo today.Are you saying it's going back to 7.07? This is the language I understand following your write up. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:24pm On Feb 06 |
PuristForest: Ranges bawo High net worth buys also shows on the charts as unusual volume and that usually precede a long bull. A ranging stock is undergoing consolidation which might breakout or breakdown depending on preceding price action 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PuristForest: 5:25pm On Feb 06 |
Streetinvestor2:These people are market makers, they may not draw a bunch of lines on a chart but they do not also buy on a whim, they make the markets, they are slow and methodical, they are called the composite investors. They are slow to make the market because they cannot drop all their monies in the market as it will spook the market as there will not be enough liquidity to match their offers, so they (and their friends) will buy OTC and spread their buys over a long period of time usually months and years. In any case, as an professional analyst, you are trained to understand market makers in action, this is when the market is at its most boring moments, the price is not going up nor going down for a very long long time, the price remains in a range, usually months. Why? The reason is because the market makers want to accumulate as much as they can at those levels so that their average price will be the lowest. IF Ote for instance makes it public that he will be entering a 1B position in Transcorp for instance, what do you think will happen in the market, guess what, everybody will start buying transcorp and eventually his average price will be higher than desired. The thing about accumulation is that is so boring many retail investors are not really interested because there is little or no movements, the truth is that when the movement starts, the composite investor is already in the market and has taken his position and this is when retail investors see the movements and then jump in (to make him richer). The best time to get in the market is the ranges. I tell my friends Ranges are your best friends!!! There is more to it but this is the abridged version. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 5:27pm On Feb 06 |
yMcy56: Well if oando declares hefty profit during the pendency of the court case it would definitely shoot up the price astronomically... have you considered this? |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:32pm On Feb 06 |
Locotrader:Opposite! I don't personally see OANDO going back to below 10 again. The activities today was normal, a reaction from disappointed minority investors whose high hopes were dashed due to the adjournment again. I stand to be corrected anyway.....as we hand over the situation to Mr. Market to take care of .....in its own way. ..but we must know that those guys have plans, what was in their mind we don't know. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:32pm On Feb 06 |
SonofElElyonRet: Do you think these results you are waiting for are not calamity waiting to befall on shareholders? What makes you think oando will release a good result in the midst of court case? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:34pm On Feb 06 |
yMcy56: What will help oando sustain it's price before the next hearing is corporate actions which must be positive. I am equally a shareholder and my prayer is let God see us through in this menace. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:38pm On Feb 06 |
Locotrader:The result will be much better compared to the previous ones.........if we consider some factors ooo.... including the last result released. * One of it is the NNPCL's payment of N144bn or so, for the retail outlets. Not saying they'll pay investors from this but, it can be used to offset some debts.....I think it's a plus for O&O. I'm not their spokesperson anyway......just following on news and updates. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:38pm On Feb 06 |
KarlTom:What this simply means is wale wants to delist. This second set of shareholders is still wale just like the first that has refused to sell at #14 on the free Market thereby ending court wahala. He has seen the #7 plus is no longer feasible to real minority shareholders. He wants to use this second group to call for another round of negotiations / offer using the court as cover That means my #20 target is now guaranteed.Fear any company being run by a fraudulent lawyer as ceo 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:43pm On Feb 06 |
SonofElElyonRet:Yes, because the last released improved report assisted in moving the share price above 7.....up to the 10naira region. All these ones we are saying self, if we hear say Ote$$ entered OANDO, people go throway court case for one side first.... ![]() Make we just know say wetin I dey talk na "if" ooo, I never reach Wale's mind to know what his plan was/is......this is Caveat... ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:46pm On Feb 06 |
Streetinvestor2: Your own wahala be say make them just pay you #20 and your heels will touch your head |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 5:47pm On Feb 06 |
veecovee: People might be looking at time factor. DS shareholders will have their share automatically converted to DF while those in NASCON might have to wait for theirs to be listed which might take some time. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 5:49pm On Feb 06 |
yMcy56: Do you have Ote$$'s phone number? There is need I book him for discussion on this oando issue. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:55pm On Feb 06 |
Locotrader:Lol. Make the papa come bail the minority shareholders out. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:55pm On Feb 06 |
With the expectation that the interest on 365 day Treasury Bill will rise to between 18% and 19% in the primary market tomorrow, there is a high probability that this week will close in red 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 5:56pm On Feb 06 |
Laso09:I don't think so, I think the 3 of them (rice, sugar and salt) would be listed as dangfood in a day. ... let me be corrected if am wrong pls |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 5:58pm On Feb 06 |
Laso09: is that how it works? are u saying that dangote Sugar will become Dangote food while Nascon and Rice investors will be waiting for some time for conversion to take place? i will love to know how you come about this |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:04pm On Feb 06 |
Streetinvestor2: There is no need spreading rumours or fake news. The new Oando shareholders are genuine shareholders. I got to know about this new case when someone mentioned it on Nairametrics. I google searched and I found the names of some of the new shareholders who have asked to be joined in the case. The details are online. Just search for it and read. They are not from Wale or anybody. They are Oando shareholders like you and I who may have the privilege and capacity to join the court case because they know what is at stake and want to prevent cheating. It is not every time we come up with warped conspiracy theories against some ''rich'' or ''powerful'' men whenever something goes wrong. It distorts the capacity to do meaningful analysis sometimes. You may be right to say that those earlier shareholders that requested for the buyout were from Wale, but the new set that have requested to join the case to oppose the delisting are genuine shareholders. 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:11pm On Feb 06 |
yMcy56: The 2022 result was very poor too! There were hints to that effect in the 2021 accounts. Oando will only turnaround with the release of 2023 results. |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 6:12pm On Feb 06 |
dapix: It's like me and you will be doing this 20% together whenever our fellow minority shell holders go to court. Oando creating Jijo opportunities in 2024 |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 6:13pm On Feb 06 |
You want to pay your own school fees at all cost ![]() ![]() ![]() Wale Wale Wale...chai ![]() mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 6:14pm On Feb 06 |
mikeapollo: Was the sell of Oando filling stations done in 2023? What makes you to feel the 2023 audited result which will be release in 2026 will be okay? |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 6:21pm On Feb 06 |
yMcy56: Make Ote$ quick enter |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 6:26pm On Feb 06 |
Locotrader: The sale of Oando filling stations happened in 2022 (if I am not mistaken) The 2021 result was released in 2023, and it contained some info on ''events after the balance sheet date'' where major issues that had occurred between the financial year end (Dec2021) and the date of release of the financial results (2023) are discussed briefly. It was also mentioned in the 2021 accounts that the company would likely turnaround in 2023. However, the new ENI acquisitions and other developments from 2023 (e.g. 98% of all revenue/receipts in dollars) would impact positively going forward. The ENI acquisition was not captured in the 2021 results In fact, I am expecting Oando share price to skyrocket when results for Q1/Q2 2023 are released 1 Like |
(1) (2) (3) ... (7579) (7580) (7581) (7582) (7583) (7584) (7585) ... (8125) (Reply)
Viewing this topic: Ades1, jamace(m), HesInMe, Saybal(m), Hotsemo, GeneralDae, Agbalowomeri, Coolcash1, megawealth01, Megapower, godlyguy(m) and 5 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 73 |