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Nigerian Stock Exchange Market Pick Alerts - Investment (8262) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 12:20pm On Oct 09
Agbalowomeri:


How we no go mention your name


Abeg did that college Abdul with plenty book head die in the aacident?? Undead. Abeg tell us oo

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:21pm On Oct 09
The tasere 1.3billion we are sharing has been decimated sad

I want to believe that the owners are stylishly buying back their shares.
Possibly planning for a delisting or total buyout... wink

yMcy56:

Needs to update myself on the Tantalizer info and shareholding structure self...

Think the total OS is 5bn, GTL picked 1bn now.....
Will try and check other metrics as well.

Re: Nigerian Stock Exchange Market Pick Alerts by Yemy3m: 12:29pm On Oct 09
get ready. important news out .soon.
Yemy3m:
eterna is after .board meeting.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:37pm On Oct 09
Krisuba:
Abeg did that college Abdul with plenty book head die in the aacident??
Lol 😁
Market is generally waiting for Q3 I guess.
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:38pm On Oct 09
Same ETERNA that is drilling for crude

Yemy3m:
get ready. important news out .soon.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:39pm On Oct 09
KarlTom:
The tasere 1.3billion we are sharing has been decimated sad

I want to believe that the owners are stylishly buying back their shares.
Possibly planning for a delisting or total buyout... wink
Nothing is impossible...
Only one Nsempa can even buy the 1.3bn units self. 😊
Let's keep it on watchlist at least.
Na Megawealth01 stock... smiley
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:41pm On Oct 09
On a more serious note, ETERNA has been playing around ₦30, ₦27, now it's currently at ₦24.70 angry

Any sort of good news will definitely come as a much needed reprieve...
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:44pm On Oct 09
Krisuba:



Abeg did that college Abdul with plenty book head die in the aacident?? Undead. Abeg tell us oo

Let there be no vawulence grin
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 12:54pm On Oct 09
KarlTom:
On a more serious note, ETERNA has been playing around ₦30, ₦27, now it's currently at ₦24.70 angry

Any sort of good news will definitely come as a much needed reprieve...

What good news? Was it not the news of Eterna being approved as dealer for Dangote refinery that caused the rally in the first place? Now that anyone can go and buy from the refinery it should go back to its #13.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:01pm On Oct 09
Raider76:


What good news? Was it not the news of Eterna being approved as dealer for Dangote refinery that caused the rally in the first place? Now that anyone can go and buy from the refinery it should go back to its #13.

You are a Real Tomb Raider. hahahhaha N13 position From Thirty to Thirteen. Lol

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 1:09pm On Oct 09
essentialone:


You are a Real Tomb Raider. hahahhaha N13 position From Thirty to Thirteen. Lol

Actually the rally started when it was #11 back in May this year. Give it another 6 months it can retrace back to #13.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 1:13pm On Oct 09
I think people are overly optimistic about Eterna. Given that the downstream sector is a low-margin business, any success there heavily depends on who can save cost the best and who has the largest network to reach end users and take advantage of higher prices. Total is by far the best company in that sector. For context, they have over 500 retail stations nationwide, whereas Eterna only has 60. Btw, I bought at 20.7 and more units at 21, but sold at 30 after a 40% gain. I personally don’t see much in it. Just my opinion
KarlTom:
On a more serious note, ETERNA has been playing around ₦30, ₦27, now it's currently at ₦24.70 angry

Any sort of good news will definitely come as a much needed reprieve...

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 1:15pm On Oct 09
Please when is the qualifications/marked down date for Uba interim dividend
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:18pm On Oct 09
Locotrader:


There is still hope for IB but long term.
Both champion and Golden Guinea in better position to do #10 and above before IB

After exactly 14 months stagnant at one spot, Golden Guinea Breweries gains price...
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 1:21pm On Oct 09
ELLAHLAKES | ELLAH LAKES PLC on full offer. embarassed embarassed embarassed
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:46pm On Oct 09
... grin
Zegra:
ELLAHLAKES | ELLAH LAKES PLC on full offer. embarassed embarassed embarassed

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 1:49pm On Oct 09
ogoo4real:
Please when is the qualifications/marked down date for Uba interim dividend
October 14th I think
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:49pm On Oct 09
megawealth01:
Our refinery was built without any government incentive – Dangote 

https://nairametrics.com/2024/10/08/our-refinery-was-built-without-any-government-incentive-dangote/
Gbas Gbos.
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:49pm On Oct 09
You're on point.

It is one of my JIJO stocks so I need it to rise more grin

I also see potential in ETERNA beyond JIJO...

Sunrisepebble:
I think people are overly optimistic about Eterna. Given that the downstream sector is a low-margin business , any success there heavily depends on who can save cost the best and who has the largest network to reach end users and take advantage of higher prices. Total is by far the best company in that sector. For context, they have over 500 retail stations nationwide, whereas Eterna only has 60. Btw, I bought at 20.7 and more units at 21, but sold at 30 after a 40% gain. I personally don’t see much in it. Just my opinion

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 1:56pm On Oct 09
Ginalex:
October 14th I think

Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:05pm On Oct 09
OandO. -3.45%
ETERNA. -8.52

sad

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 3:14pm On Oct 09
megawealth01:
Our refinery was built without any government incentive – Dangote 

https://nairametrics.com/2024/10/08/our-refinery-was-built-without-any-government-incentive-dangote/

https://nairametrics.com/2024/10/09/again-nnpc-raises-petrol-price-in-lagos-abuja/

Petrol prices have gone up today again , yet crude supply is now in naira , game wey clear since grin grin grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 3:42pm On Oct 09
rmx:


https://nairametrics.com/2024/10/09/again-nnpc-raises-petrol-price-in-lagos-abuja/

Petrol prices have gone up today again , yet crude supply is now in naira , game wey clear since grin grin grin

Oil is benchmarked in dollars.
Any arrangements that will bring down the price of petrol when price is still high at international market and the naira keeps losing value will involve subsidy

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 4:02pm On Oct 09
If Alhaji Aliko Dangote run his companies the way some Nigerians want him to run it, all the companies will collapse in less than three years. People always forget that he technically does not own these companies 100%. He is responsible for whatever happens to investors money.

Instead of us to owe our wicked government accountable, we shout Dangote here and there. I am sure many clueless people will blame him to today's hike in pump price now. No business gets free money, only government does.

Whenever the government mention that they generated xxxx in xxxx month, people should endeavour to ask how much Dangote's subsidiaries/companies paid out of that amount.

Government technically want the prices of his products to be high, so that he can make more profits and pay more taxes in return.

We should probably find out/calculate how much tax is paid on a bag of cement. I am not sure he enjoys any tax relief from his new refinery also.

As someone mentioned above, and I have said it several on another platforms, either naira for crude or whatever we call it, DR is not getting crude for free nor is government giving DR at discounted price. Then, what magic do we expect DR to perform? We should just pray and hope (as usual) that the crises in middle east end soon. Otherwise, I wonder what we are going to say and how we will live, if crude price get to 100 dollars, and above.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 4:08pm On Oct 09
pluto09:


Oil is benchmarked in dollars.
Any arrangements that will bring down the price of petrol when price is still high at international market and the naira keeps losing value will involve subsidy

Said all this before, read my past comments , the determinants are oil price and exchange rate , exchange rate even more , oil price is at not at highest this year , check the charts . The point is people expecting prices to come down by dangote were living in hopeville , should be very clear to them by now

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:20pm On Oct 09
rmx:


Said all this before, read my past comments , the determinants are oil price and exchange rate , exchange rate even more , oil price is at not at highest this year , check the charts . The point is people expecting prices to come down by dangote were living in hopeville , should be very clear to them by now

The argument is to allow free market. With good competition, price can trend downwards if international crude prices crash
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 4:23pm On Oct 09
olig:
If Alhaji Aliko Dangote run his companies the way some Nigerians want him to run it, all the companies will collapse in less than three years. People always forget that he technically does not own these companies 100%. He is responsible for whatever happens to investors money.

Instead of us to owe our wicked government accountable, we shout Dangote here and there. I am sure many clueless people will blame him to today's hike in pump price now. No business gets free money, only government does.

Whenever the government mention that they generated xxxx in xxxx month, people should endeavour to ask how much Dangote's subsidiaries/companies paid out of that amount.

Government technically want the prices of his products to be high, so that he can make more profits and pay more taxes in return.

We should probably find out/calculate how much tax is paid on a bag of cement. I am not sure he enjoys any tax relief from his new refinery also.

As someone mentioned above, and I have said it several on another platforms, either naira for crude or whatever we call it, DR is not getting crude for free nor is government giving DR at discounted price. Then, what magic do we expect DR to perform? We should just pray and hope (as usual) that the crises in middle east end soon. Otherwise, I wonder what we are going to say and how we will live, if crude price get to 100 dollars, and above.

Is Dangote Refinery liable to local tax? Is it not operating in a free trade zone?
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:23pm On Oct 09
rmx:


Said all this before, read my past comments , the determinants are oil price and exchange rate , exchange rate even more , oil price is at not at highest this year , check the charts . The point is people expecting prices to come down by dangote were living in hopeville , should be very clear to them by now

Give it time; the price will come down as the exchange rate drops, Shebi one analyst said that 1,000 naira per dollar is the the sweet spot , Also, the pressure on dollar reserves will ease, and hopefully, crude production will increase to offset the dollar lost by selling part of it in naira. I believe in the next six months to a year, we will see the naira appreciate.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 4:30pm On Oct 09
Agbalowomeri:


The argument is to allow free market. With good competition, price can trend downwards if international crude prices crash
And when the price of crude falls considerably it provides the government with the right excuse to defend its failures. Its a zero sum game for the Nigerian masses, as either way they are losers in the gaame

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 4:44pm On Oct 09
Agbalowomeri:


The argument is to allow free market. With good competition, price can trend downwards if international crude prices crash

Free market dictates petrol prices to be higher , subsidy was distorting it , but people expecting prices to be lower and dangote to be the savior at the current exchange rate don’t know nothing about business or economics ,just look at the price of deregulated diesel by both dangote and importers , waiting for price to crash is wishful thinking also , just use the average for this year , and that’s around 75$ or so , at that price , it can’t be less than we have it now
Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 4:50pm On Oct 09
ositadima1:


Give it time; the price will come down as the exchange rate drops, Shebi one analyst said that 1,000 naira per dollar is the the sweet spot , Also, the pressure on dollar reserves will ease, and hopefully, crude production will increase to offset the dollar lost by selling part of it in naira. I believe in the next six months to a year, we will see the naira appreciate.

I pray so ,for the sake of Nigerians , but I have been operating long enough to know the probability of this happening is low
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 4:54pm On Oct 09
ositadima1:


Give it time; the price will come down as the exchange rate drops, Shebi one analyst said that 1,000 naira per dollar is the the sweet spot , Also, the pressure on dollar reserves will ease, and hopefully, crude production will increase to offset the dollar lost by selling part of it in naira. I believe in the next six months to a year, we will see the naira appreciate.

I actually can see the naira appreciating.
The only way I think it can happen is by increasing oil production and not all this dangote refinery of a thing.

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