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Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:30am On Feb 21 |
Mankind2024: It appears you are now acknowledging economic troubles, as I saw you previously claiming Mr. Tinubu had a masterful plan, supposedly evidenced by the bull in the NGX. If difficulties continue mounting in this manner, Mr. Tinubu may struggle finishing even his first term. Take to the streets and witness people barely managing; there are limits to tolerance before societal stability frays. Word is the Tinubu administration currently expends more on subsidies than its predecessor did. Leave my AREMA model alone o, and concentrate on bolstering your own strategy. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:02am On Feb 21 |
Overview of the Nigerian Economy: Attracting FDIs, ASI at 105.722, and Market Capitalization at 57.8 Trillion https://nairametrics.com/2024/02/21/overview-of-the-nigerian-economy-attracting-fdis-asi-at-105-722-and-market-capitalization-at-57-8-trillion/ Tinubu Admitted To Me He Had No Blueprints On How To Govern Nigeria https://saharareporters.com/2024/02/20/tinubu-admitted-me-he-had-no-blueprints-how-govern-nigeria-former-apc-campaign-director Tinubu: We Will Raise $10 Billion To Stabilise Naira, Boost FX Liquidity https://www.thecable.ng/tinubu-well-raise-10bn-to-stabilise-naira-boost-fx-liquidity/amp |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:05am On Feb 21 |
Ding! |
Re: Nigerian Stock Exchange Market Pick Alerts by femu(m): 10:32am On Feb 21 |
Olaide1295: When its was pegged it wasn't eligible to everyone. Ideally you need a Form A, M or Q to get it at the official rate 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by kalkah: 10:59am On Feb 21 |
You cannot imagine the magnitude of corruption that goes with pegged exchnage rate. Arbitrage was full in action. Whereas those that have genuine requirement for USD did not get it. I was once a victim, I applied in February 2023 through form A for BTA needed in April 2023, nothing was provided. A friend was expelled from a school in UK because the bank pay his school fees after the deadlines. Whereas exporter was selling at black market rate and getting USD at pegged rate. The solution is patriorism from all the citizen either politician or elite or even the poor. No system will work in the midst of corruption. femu: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:04am On Feb 21 |
kalkah: I think patriotism lives abroad |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:06am On Feb 21 |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:20am On Feb 21 |
Most Nigerians only condemn corruption/nepotism if it doesn't favor them... I doubt if Nigerians condemn the above when it's in their favor... I turned a particular age sometimes ago and so I no longer argue online... I just allow people to have their way while I have my peace... Truth is like pregnancy that's destined to mature... You certainly can't hide it forever... Happy Nigeria... 11 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:33am On Feb 21 |
owolabi5: A reminder of the danger in stock investing. Apart from mismanagement the company can fail and loose money especially with the head winds in Nigeria. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:41am On Feb 21 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:41am On Feb 21 |
owolabi5: The CBN needs to revert back to the so called unorthodox methods it reversed (even add more join) to trim demand. Pray the government tackles security to enable a prosperous farming season. All this are needed before the mess start reflecting in the stock market with sustained bears as more companies declare more losses than profits. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:48am On Feb 21 |
Laso09: Cardoso needs to revert back to the so called unorthodox methods he reversed and even add more join. Ban rice import etc. Even ban jeep importation etc join |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:58am On Feb 21 |
BabsO2: |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:01pm On Feb 21 |
essentialone: A more sustainable managed floating peg is looking like N1,500 and it needs to be supported with a couple of prohibited items for forex to curtail demand while encouraging local production of things like rice and palm oil production etc for export. As it appears too much money was printed in prior years, not under-pinned by production. Perhaps a stability like that of the Korean currency like that seen from the spike of Jannuary 1998 of 1,750 stabilizing to about 1,300 over two decades as seen in the picture below can be replicated. 3 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by Boshins: 12:09pm On Feb 21 |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 12:12pm On Feb 21 |
KarlTom:we know their type, they delist then miraculously start turning profitable. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:14pm On Feb 21 |
KarlTom: Ony for a while till improved security for example is established. |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:32pm On Feb 21 |
PZ says it is ready to issue new equity, convert debt into equity, launch rights issues, sell off assets, or undertake similar actions. Anything at all, just to generate the necessary funds it needs to be a going concern. The implications of such measures for existing shareholders could be severe, potentially leading to significant dilution of their shares or other impacts that would adversely affect their holdings. 😮 PZedians, over to you ooo. As expected, PZ on Full Offer at N24.60 hahahaha 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 12:53pm On Feb 21 |
BabsO2: This dispensation since Jonathan's era yearned for free float , doubt the managed floating idea will float ( no pun intended) in their sounding board room. Another area where CBN/ MOFI/NISA/ minning ministry can look into will be bolstering our gold reserves, like a quasi-gold standard backing -> This is more medium to long term though. Ghana can at least be useful for once as a neighbour in gold transaction between government agencies or whatever legal modalities available while we also get certain percentage or royalties or tax converted into reserve from our current local gold minning firms at fair pricing. This will work, the challenge is i am not sure any of our political leaders are willing to lose their life for gold backed or quasi gold-backed currency. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 1:05pm On Feb 21 |
essentialone: Disclaimer: i am exposed to PZ, but rational. Interesting the change in tone from delisting as only option to fx woes to now right issues and the likes. Ye Ye dey smell (In Anikulapo-kuti's words). The concern of dilution is the least of one's worry (caveat: speaking from the perspective of a long term player) , it will be chalked to another round of pricing like venture capitalist do in seed rounds through IPO. The board unintelligently looking for easy way out to repatriate funds. Interesting to see PZ has crazy chokehold on this sector with little to no competition in its space by it's peers. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:12pm On Feb 21 |
essentialone:It's easy for someone to have sensed that something is not right from the way PZ has been trading on the floor before now...... N23 was announced as exit price......just for the price to keep going up to N39 or thereabout. It's greed that would have kept some people inside it before this RI/Asset sales announcement again...... Na to say make Una dey pray make dem see the 23 pay una self. Make una no vex o. Maybe I looked at it from my own angle. Someone like me,whatever will make me to wait for exit payment go get strong reason. PZ holders must have thought they'll up the payout again.... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 1:13pm On Feb 21 |
FBNH on bid...#28.70 |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:34pm On Feb 21 |
Meanwhile, SUGAR and SALT met at same price junction earlier.....intra-day.....@61 Both now parting ways again......... SUGAR @64+ intra-day SALT @60.... I think SUGAR is cheaper when we compared the two ahead of the Merger..... The merger just putting people in suspense anyhow....let them do something about it soonest jorr.....the waiting is becoming frustrating. *Bargain hunters won't like this* 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:50pm On Feb 21 |
BabsO2: |
Re: Nigerian Stock Exchange Market Pick Alerts by WantsandMore: 1:52pm On Feb 21 |
Buy when everyone's selling. Sell when everyone's buying 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:58pm On Feb 21 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:08pm On Feb 21 |
Largely correct! Due diligence is needed though. Sometimes the reverse is the case... WantsandMore: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 2:08pm On Feb 21 |
yMcy56: Sista Mercy You forgot to add OANDO on full offer at #11.05k BARGAIN HUNTERS TAKE NOTE! |
Re: Nigerian Stock Exchange Market Pick Alerts by ttmax09(m): 2:13pm On Feb 21 |
Boshins:Boom, way to go, binance and other crypto currency exchanges need to start fixing the daily price limit according to the official exchange rate, if they can't then they should be banned from Nigeria alongside every other crypto site, the speculation is to much, even BDC guy will check binance before giving you a rate. |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:26pm On Feb 21 |
ttmax09: Una dey talk anyhow....is Binance the problem of Naira Okay now that they fixed the max sell price, Naira would drop to $1-NGN120 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ttmax09(m): 2:33pm On Feb 21 |
stcool:What you don't know, you don't know. Binance quickly acted to prevent issues with the government when they already started talking about a potential ban. |
Re: Nigerian Stock Exchange Market Pick Alerts by WantsandMore: 2:36pm On Feb 21 |
KarlTom:you're right. If an investment tumbles down to floor price & they still want to stay & fight, I'm buying |
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