Manonamission:


Are you implying those of us that didn't join you in that bus ain't astute? Take your time o. Actually, why it seems most people focus on the likes of Transcorp, Oando, FBNH, Access, Zenith etc is because of their volatility and huge volumes. Easier and faster to make (and lose money ) trading those stocks, especially the first 3.

The period you referenced for PZ, i.e Monday - Friday, PZ traded a total of #26,700 units @N27.55 on Monday and #154,589 @N34.51 on Friday. So if you gained 25% (actually less and not more), then the max you bought on Monday is #26,700 units. Haba! That bus no fit contain us na. By the time you and Python sit for front, Pa Ihedi n co for back, bus don full na. You can't compare that to the BRT/train that the likes of Transcorp are. Sitting dey, standing dey, lapping dey, hanging sef join (Mercilicious dey pursue bus hang for door. She no dey even wait for bus to stop when she wan comot sef. Na for motion she dey take jump. I thought that was the worst she could do until she confessed yesterday night say she dey drive smaller buses sef.

So Sister, there are diverse routes/vehicles to our destination.

Born2berich:
You forgot to add forte oil. Most people arent looking towards the coy. But wait oooO, since when did you become a female

Born2berich:
You forgot to add forte oil. Most people arent looking towards the coy. But wait oooO, since when did you become a female

Agbalowomeri:
Crude oil still digging deep! ISIS abeg blow some pipelines

myjoy08:
For TRANSCORP FANS...


http://www.nse.com.ng/Financial_NewsDocs/10599_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC_CORPORATE_ACTIONS_AUGUST_2015.pdf

mercylicious:


Please, what will be the impact of this merger?
Does it mean the power sector acquisatn has not been included in the transcorp result so far?

Join me on this link, learn how to use candle stick to trade the stock market

Aks:
Great guys, una well done oo. #JUSTPASSINGBY and i decided to say Hello.

Have a great weekend y'all

Michael11stock:


What do you know abeg go sleep

Agbalowomeri:
Crude oil still digging deep! ISIS abeg blow some pipelines

myjoy08:
For Zenith bank Fans...

http://www.thisdaylive.com/articles/zenith-bank-mulls-interim-dividend-payment/216829/

SMC:


Ok SMC

So hilarious!

Abeg cool down o.... I was saying that there are bargains to be had and money to be made on other stocks (not just the usual suspects).




I took a note of Forte Oil. The margins were not as juicy as PZ for this week but I have had my eye on it for yonks and I watch it like a hawk. I am still kicking myself for missing the opportunity to grab some when it was circa N150. The stock had taken off by the time my dough was ready. Finally, I have always been female o...ALWAYS. No Bruce Jenner/Caitlyn sex change operation going on here.

FranklinRich:


Nice move by zenith. Still waiting for access bank.

zendi:
But, may people in the know kindly explain, regarding this oando hedging thing. Does it mean some customers are committed to lift their products at $65 for the hedge period regardless of how low crude oil digs?
Pls note I'm not an oando fanatic. I have only recently taken some token position, just to see how things pan out around this August.

Agbalowomeri:


Bros na TGIF? This is not SWG oooooooo

SMC:
Finally, I have always been female o...ALWAYS. No Bruce Jenner/Caitlyn sex change operation going on here.

SWG1:


SMC has a share in SWG. That's why both of us are watching PZ with the eyes of a hawk

Born2berich:


Ma bad...So sorry I mistook you for Oga SWG. Am glad to see your post. We need more female contributions here.

angrybull:


Bros, check the above statement, I didn't give that advice

angelo82:


What's up with you?.........Thesame thing with Angrybull and Me............Is it the Bear,that is driving you crazy?............Dont worry Bull is around the corner.............After a Bear,there will always be a Bull...........

Born2berich:
No vex, na bear cause am.

PETERiCHY:
https://www.nairaland.com/2501718/naira-appreciation-why-nigerians-should

Is the value of the Naira really appreciating in the real sense or the CBN and the FG are playing pranks on Nigerians? Why are commodities still high in the market?

Ideal Situation
Ideally, customers operating domiciliary accounts will go to the banks, deposit their dollar and through that account they do whatever transaction that they deem necessary. The Banks inturn will take the dollars(and other foreign currencies) to the CBN.

The Buhari/Emefiele Situation
1. The CBN has stopped receiving dollars from banks, as a result the banks has stopped accepting dollars at the counter because their vaults are full.

2. Because of the restriction at 1(above) the demand for dollar reduces in the BDC. The BDCs seek every means to trade the currency including reducing the cost at the black market. The CBN will go to the press to scream "NAIRA IS APPRECIATING."

3. As a result of 1(above) the banks also refuse to request dollars from the CBN's foreign exchange reserve. The CBN will then come out to scream "RESERVE IS GROWING".

Is that the best way to manage the naira?

Salient Question and Effects:
1. What happens to a businessmen with domiciliary account seeking to deposit dollars and transfer to their partners abroad after buying the dollar from BDC or Bank?

he doesn't have to buy from the black market when the cost at banks are lesser and pegged, except it's elicit funds and they waant to move it into the system by force, otherwise load naira and allow the banks to use their dollar reserves to pay the client abroad- my opinion- enough of the BDC turn dirty bloody money into clean money

2. The bank's refusal to accept dollar deposit means business transaction on that will be halted. Because no domiciliary account holder will be willing to withdraw from his account when he knows that he won't be able to make further deposit due to the CBN's policy except if his intention is solely for converting the dollar to naira for local transaction.

on the contrary they are withdrawing so they don't have to pay charges on the dollars of above $10k in their domiciliary accounts, I was aat ecobank yesterday and people are withdrawing heavily

3. Instead of doing transactions from domiciliary account, businessmen will be left with no choice but to operate domiciliary account in neighbouring countries where they will be making transactions or resort to wiring money via Western Union in neighboring country.

so it may seem but how do they get the money their in the first place when, now they have to disclose the money to the customs and suddenly the customs, ndlea etc have just woken up from der slumber - or do you think they would want to risk smuggling it abroad by road? Theives and MOPOL, would be on their case, and do the laws over their allow free flow of funds into their system like nigeria?

4. As a result of 3(above) the cost of commodities will go UP because businesses will make up for the extra expenses. Also, that will mean reduction in business activities in the banks.

yes initially but If they sustain it, it's what I call the modern form of structural adjustment that "May" happen

5. Should the above persist it will get to a certain point where there will be scarcity of the dollar in the market. When it get to that point, the dollar rate is astronomically shooooooot up in the market because demand will outweigh supply. At this point, the naira problem will be worse than it was.

in as much as we have the naira and we can think of export creating activities, foreign direct investment - I doubt we would get to that level

Is The Naira Really Appreciating?
Make no mistake, the naira-dollar rate is yet to appreciate in the international market. As at May 29 the naira/$ rate was N199 in the market. The rate as at today Aug 5, 2015 is still N199. You can't appreciate a currency via the backdoor. Even the black market rate cannot be regulated through the back door.

I agree with you, it's not appreciating truly but it's really looking for its true worth, and not what we peg it at or choose it to be

What "Sane" Countries Does:
The CBN Governor Godwin Emefiele made it look like one can't deposit foreign currencies in cash in another country. This is contrary to the facts on ground. No country will shut down foreign currencies transactions in banks. Let me give two instances...

On February 27, 2015, the Central Bank of Egypt instituted a new policy to help the Egyptian pound. As part of the policy, Individuals and businesses are allowed a maximum of $10,000(or equivalent) deposit daily and $50,000(or equivalent) monthly. The measure would stop companies from buying large amounts of dollars from the black market and then depositing them briefly in banks in order to open letters of credit for imports.

the difference is most of the foreign currency coming into the financial system is not really accounted for by the government, ie you trade in Egypt they can see the money coming in and if you choose to hold cash and transact, its your choose but in nigeria someone would steal crude oil sell, use his private jet to fly it into nigeria so they can take advantage of the higher rates, open a BDC load the money their and start to trade it by moving the money gradually into the system so how do you explain that?
In China the maximum daily deposit/withdrawal of foreign currencies is $10,000(or equivalent).

Is it not better to place a transactional limit for foreign currencies than discourage deposit completely(that will solve nothing)?
We don't produce, we import, we have no policy to promote local production nor infrastructures in place toencourage manufacturers, yet we expect the naira to appreciate. That's is no done anywhere.

angrybull:


I dey ur side Bros, this bear is capable of throwing one into unimaginable confusion. But chill, we all are going to be happy in no distance time

taiwoliu:
I was in the bus 2days ago thinking about NSE and its drama wen I saw a notice DT read CHILDREN FOR SALE . I suddenly turned around to read again, only den did I realize it ws actually CHICKEN FOR SALE.......
NSE: The wait on Buhari
Season 15, episode 8.

#money must b made