4willer:
Hello all, with the upcoming Dangote refinery take-off this month, Eterna Oil and OANDO are part of the major suppliers to the public. Would that positively impact their share prices in any way? It has been in the air for some time now...

4willer:
Hello all, with the upcoming Dangote refinery take-off this month, Eterna Oil and OANDO are part of the major suppliers to the public. Would that positively impact their share prices in any way? It has been in the air for some time now...

mikeapollo:


Eterna Oil is a downstream (marketing) company and sells refined products in naira
Oando is an upstream company, and exports crude oil and gas for revenues in US dollars. If they are to sell to Dangote in dollars, it would affect the price at which Dangote can supply the local market.
Hence, govt may have to find a way to supply crude to Dangote in naira.
Companies that hitherto benefitted from subsidies may be negatively affected.

Agbalowomeri:


Have they resolved the crude supply? The date shifting is unending

iHaveMadeiT2:
Agba don change mouth and CP don appear, so it seems the worst is over

KarlTom:
Maybe.
I read the news when it was released last year. I think only MRS and ETERNA are the listed companies of the 10+ that were engaged as major distributors of Dangote Refined Products...

Hold your kettle very well...

bovali:

No, leverage in simple terms is debt.
Now, imagine you want to buy 100 chocolates, but you only have enough money for 10 chocolates. Your friend offers to lend you the money to buy the remaining 90 chocolates. This is called "leverage."

Leverage means borrowing money to trade more chocolates than you could with just your own money. So, with leverage:

If you have money for 10 chocolates and your friend lends you enough to buy 100 chocolates, you are using leverage to trade more chocolates.
In summary:

Lot size is the number of chocolates you trade at once.
Leverage is borrowing money to trade more chocolates than you could with just your own money.

Also to add, that's why you get charged for holding positions overnight that were bought using leverage

GracefulLau:
Please can you guide me on how to do that? @adding the Mag7 or S&P 500 NYSE to your portfolio
Thanks

Mankind2024:
I began investing in the NYSE in April 2021. I was one of the fortunate followers of the US stocks pick alert who successfully opened an account with Trading 212 (T212). Unfortunately, they no longer allow Nigerian investors to open accounts with them. T212 offers free buying and selling on their platforms.
My greatest regret was panic-selling and liquidating my NYSE portfolio at the peak of the Covid-19 pandemic; I sold my investments at a terrible low price.
I'm referring to Berkshire B, Tesla, and S&P; if I had held onto those stocks until now, they would be worth around $150,000. However, my instinct led me to bet on the NGX market recovery, which resulted in my current holdings in Transcorp plc, Ikeja Hotel, UCAP, UBA, Zenith, NAHCO and others small capitalised stocks on NGX. Even after rebalancing and profit-taking, my current NGX p[s]ortfolio balance is more of profit.
My goal in NYSE is to achieve a $1 million portfolio balance by 2030. Currently, I'm in my Early 40s and aiming to (FIRE) by 55.[/s]

thebargainhunte:


I am inspired, thank you for sharing. Please, how did you start your NYSE? Are u above 30 yrs?

seyisanya:

He started investing in the NGX in 2008 so he's most likely above 30 except he started investing at the age of 14.

Lexzokomo:
Hi Bovali good evening, hope you are fine? wanted to ask a question again, is it possible to get a high leverage but trade smaller lots, sorry to bother you

KarlTom:
Exactly!

Dangote is a very shrewd business mogul.
If there is a regulatory loophole in his favour, he won't complain.
If there is a cover up somewhere in his favor, he wont talk.
However, if anyone does anything to harm his business, he will voice out and play dirty.

He seems to enjoy power and media play with his competitors. Recall the recent cement pricing war between DANGCEM and BUACEM?

Recently, he has spoken up about the IOCs frustrating his efforts with crude supply.
I'm sure there are many more cans of worms he will open before the refinery commences full operations.

He is a man with friends on both sides of the divide so it will be interesting to see how this 'drama' plays out...

nosa2:


Guy, I no dey understand all these acronyms

nosa2:


Dem dey type am as if we get one meeting wey we dey share acronyms

KarlTom:
What was I saying earlier today...

PRESS RELEASE

NNPC Ltd Declares State of Emergency on Crude Oil Production
...Calls for Collaboration to Reduce Production Cost

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.

Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja, on Tuesday.

“We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production. War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation,” the GCEO declared.

According to him, a detailed analysis of assets revealed that Nigeria can conveniently produce two million barrels of crude oil per day without deploying new rigs, but the major impediment to achieving that remains the inability of players to act in a timely manner.

He said the “war” will help NNPC Ltd. and its partners to speedily clear all identified obstacles to effective and efficient production such as delays in procurement processes, which have become a challenge in the industry.

On medium to long-term measures aimed at boosting and sustaining production, Kyari said NNPC Ltd. would replace all the old crude oil pipelines built over four decades ago and also introduce a rig sharing programme with its partners to ensure that production rigs stay in the country for between four and five years which is the standard practice in most climes.

Ginalex:
Good Afternoon my ogas. Please what study materials/courses would you recommend that can help me improve in the art stock valuation? I believe there's a lot I can achieve in the remaining half of this year and beyond if I'm armed with this skill... Please help a baby in the industry trying to find her footing. Thank you

Mankind2024:
https://www.pdfdrive.com/hot-commodities-how-anyone-can-invest-profitably-in-the-worlds-best-market-d185425878.html

https://www.pdfdrive.com/benjamin-graham-the-intelligent-investor-e42921207.html

https://www.pdfdrive.com/one-up-on-wall-street-by-peter-lynch-e200970372.html

eziokwunwoko:
Access Bank Right is out https://businessday.ng/news/article/recapitalisation-access-holdings-plc-offers-n17-77bn-ordinary-shares-to-shareholders/

Streetinvestor2:
Another nice right issue. Right Issue that is more expensive than current mark price.This guys are doing well for minority shareholders..... madness is not only when you remove cloth

Streetinvestor2:
Lol, Break even price .

thebargainhunte:

Truly you are so fortunate to be among those that opened an account with them. I have been looking for a way to start trading NYSE then, but I couldn't find. I am okay with NSE now. You are doing very well already, with the funds at your disposal, I believe $1 million is feasible with proper trading skill. You are ahead of me, I am in my early thirties and I would like to FIRE by 50 or 45 although, I am still praying for funds to start my journey.

Ginalex:
Good Afternoon my ogas. Please what study materials/courses would you recommend that can help me improve in the art stock valuation? I believe there's a lot I can achieve in the remaining half of this year and beyond if I'm armed with this skill... Please help a baby in the industry trying to find her footing. Thank you

nosa2:


To be honest I don't really chase the fine details like that. I bought some units last week at abour N44 and I bought more at N46.

So In my head I'm looking at like 46. Though I am looking to raise funds to buy some more later in the month/next month (Assuming price stays in this range).

But guy reason am oh! How on earth could I have known you meant Break Even Price?

nosa2:


To be honest I don't really chase the fine details like that. I bought some units last week at abour N44 and I bought more at N46.

So In my head I'm looking at like 46. Though I am looking to raise funds to buy some more later in the month/next month (Assuming price stays in this range).

But guy reason am oh! How on earth could I have known you meant Break Even Price?

Mankind2024:
Trading
My intrinsic mentality is investing for future wealth.
NSEMPA investors should consider investing in the Magnificent 7. Limiting oneself to NGX could lead to financial constraints. The impact of the ongoing right issues on the value of the Naira and overall portfolio outlook by 2025 remains uncertain.


https://www.youtube.com/watch?v=zMCrzNUMUag?si=VT0XtNyDEGKYat8H

seyisanya:

He started investing in the NGX in 2008 so he's most likely above 30 except he started investing at the age of 14.

BabsO2:


Had to look up who these magnificent 7 are

Microsoft Corp. (MSFT)
Amazon.com Inc. (AMZN):
Apple (AAPL):
Meta Platforms (formerly Facebook) (FB)
NVIDIA (NVDA):
Alphabet (GOOGL)
Tesla (TSLA):

They all look heavily overpriced inside a bubble right now

Any small correction, those buying now can lose so much money.

Mankind2024:
There's no bubble in sight, as the fundamentals are incredibly strong. The Magnificent 7 (Mag7) are the foundation of the 5th Industrial Revolution. Just wait until fully autonomous self-driving taxi services become a reality. They're already 100 miles ahead of their closest competitors.
All the forecasters, anticipators, and analysts who predicted a bubble have been humbled by the resilience of the S&P 500 and NYSE.
Now, they are working on possible China vs US War, Nuclear War with Russia. Until then, enjoy the ride. The next time I flash NGX portfolio Vs NYSE, the growth disparity would be clearer.
Volatility, yes👍An opportunity to buy more.
This is where investment research meets future expectations and anticipated actions.

eziokwunwoko:
Access Bank Right is out https://businessday.ng/news/article/recapitalisation-access-holdings-plc-offers-n17-77bn-ordinary-shares-to-shareholders/

BabsO2:





These PE's are scarily high. Any slippage in anticipated growth due to the so called 5th industrial revolution and there will be major price correction.

39 Microsoft Corp. (MSFT)
55 Amazon.com Inc. (AMZN):
34 Apple (AAPL):
29 Meta Platforms (formerly Facebook) (META)
71 NVIDIA (NVDA):
28 Alphabet (GOOGL)
53 Tesla (TSLA):