Time to buy OANDO because subsidy will soon die a natural death.

*ThE OcToPuS*

ufotty2001:
please nairalanders, is it possible for me to buy shares today and sell it immediately next day or any website where I can buy and sell Nigeria company shares.... plz help reply

yes, register with morgancapitalgroup...visit: http://morgancapitalgroup.com

Oh no! Someone has forgotten to take medication today again

buy skaei bank

Hello every trader in the house,i just need some information about stock training school or seminar maybe i can attend.

tunapa4dem:
Hello every trader in the house,i just need some information about stock training school or seminar maybe i can attend.

stock training school?wonders shall never end.

tunapa4dem:
Hello every trader in the house,i just need some information about stock training school or seminar maybe i can attend.

you are already in the school, Stockbull is the VC, while BITL Ihedioramma is the headmaster. Just settle down and pay more attention, you will receive the whole training and seminar you want in this forum, once again you are welcome.

stcool:


yes, register with morgancapitalgroup...visit: http://morgancapitalgroup.com

PLEASE SIR, plz how can I register for morgancapitalgroup.. plz email me unanghope@gmail.com

tunapa4dem:
Hello every trader in the house,i just need some information about stock training school or seminar maybe i can attend.

Self Education is the best way to become a good Equity/Stock Investor or Trader,it is more challenging than Medicine/Dentistry, Engineering,Pharmacy, Law,et cetera combined together because there is no Formal School where one can go to study Equity Investment! The real Equity Education begins the moment you start to buy and sell shares of companies. The first step in the Equity Education begins with learning the numerous terminologies. If you are tenacious and consistent in your Equity Education,in 2 to 3 years you would have learnt the fundamentals of Equity Investment! The journey of a thousand miles begins with a step(Chinese Proverb). Rule 1,don't lose money;rule 2,don't forget rule 1(Warren Buffett)!

ufotty2001:
please nairalanders, is it possible for me to buy shares today and sell it immediately next day or any website where I can buy and sell Nigeria company shares.... plz help reply

It is possible, but that would be counter productive cos you will loose money due to taxes (charges) like 3% unless you stock performs magic over night.
Be rest assured the stock market is very liquid, you can easily sell and buy, faster than selling or buying recharge card

Year 2015 has been a journey of reflection tour and tremendous ride that's full of many challenges, happiness, conjecture, pressure, blessings, experiences and many lessons attached to developing our instincts and maturity as humanity. We have every reasons to praise the name of the Lord for his faithfulness, either when we are walking through the valley of uncertainties, climbing mountain of mission to nowhere, and aspiring a mission to somewhere with hope in our heart that by tomorrow, there will be a sunshine. As we are approaching year 2016 in the next 14 days, let us design the type of life we want with the assurance that everything shall ends in happiness and thanksgiving. And let us remember the world and our dear country Nigeria in prayer and in everything we do.

Tips- Don't be scared of temporary pain, it comes with everlasting gain. And don't give up in your trying...tomorrow shall be another day!

bigass:
buy skaei bank

So you've time for someone his destiny has been reset by Skyebank.

PETERiCHY:
Time to buy OANDO because subsidy will soon die a natural death.

*ThE OcToPuS*

http://www.proshareng.com/news/Oil%20Sector/Forte-Oil-Oando-win-Nigerias-2016-Crude-Oil-Contracts/29580

Indigenous companies, Forte Oil Plc and OANDO Plc were among 21 companies handed crude oil term lifting contracts for 2016 by the Nigerian National Petroleum Corporation.

21 companies handed crude oil term lifting contracts for 2016 by the Nigerian National Petroleum Corporation.

The contracts cover 991,000 barrels per day (bpd) of oil, worth US$13.5 billion at current crude oil prices, which is roughly half of Nigeria's crude oil production of around 2 million bpd.

The list includes refiners such as Spain's Cepsa, Italy's Saras, India's IOC and ENOC of the United Arab Emirates, as well as trading houses - Trafigura, Mercuria and Vitol and international oil companies - ENI, Total, Exxon and Shell.

The list is pared down from the final 2015 contract list, which comprised 43 companies and did not include any global traders.

The news i have been waiting to hear is finally out.Oando shares directs nse market prices.Two months ago,oando released a loss results which reflected on every stock prices if anyone is observant.This particular contract placed on oando for 2016 crude oil lifting will not only lift the price of oando but the entire nse.I expect this stock to click to#8.00- #10.00 before the year runs out.Other stocks one should consider for good returns are eterna oil and transcorp.i am positioning myself for these 3 stocks today.i am now happy.The future is very bright for oando,eterna and transcorp.

Good news for Oando, FO, MRS and Eterna.
NNPC 2016 Crude Oil Lifting Term Contract Winners;
List reduced drastically from 43 to 21.

http://www.proshareng.com/news/Oil%20Sector/Forte-Oil-Oando-win-Nigerias-2016-Crude-Oil-Contracts/29580

zendi:
Good news for Oando, FO, MRS and Eterna.
NNPC 2016 Crude Oil Lifting Term Contract Winners;
List reduced drastically from 43 to 21.

http://www.proshareng.com/news/Oil%20Sector/Forte-Oil-Oando-win-Nigerias-2016-Crude-Oil-Contracts/29580

Jegede dey sleep when others dey apply for this contracts?

There is nothing new about this. It is like contract renewal. Oando after the COP deal had her capacity increased to 60000 BPD.

locodemy:
The news i have been waiting to hear is finally out.Oando shares directs nse market prices.Two months ago,oando released a loss results which reflected on every stock prices if anyone is observant.This particular contract placed on oando for 2016 crude oil lifting will not only lift the price of oando but the entire nse.I expect this stock to click to#8.00- #10.00 before the year runs out.Other stocks one should consider for good returns are eterna oil and transcorp.i am positioning myself for these 3 stocks today.i am now happy.The future is very bright for oando,eterna and transcorp.

you wey say you no go buy anything again until oil and naira recover.
if pesin follow una mouth.....

There is nothing new about this. It is like contract renewal. Oando after the COP deal had her capacity increased to 60000 BPD.

Most of the company has been in the contract already, this is just like renewal. The gain from the contract is always part of their income, main while the price of clude oil determine the increase and decrease in the price of share for now, if the price of clude oil increase next year to atleast, 48 to 50 dollar per a barrel, Oando price might reach #10, likewise if the price of oil fall to 30 dollar per a barrel the price might get to #3.5.

bigass:
There is nothing new about this. It is like contract renewal. Oando after the COP deal had her capacity increased to 60000 BPD.

Is contract renewal not an achievement?
Reduction of contract holders from 43 to 21 means more business for the winners.
The problem of oando is that its messy debt situation neutralises every good news that comes its way.
But this is big for eterna, plus the 403b subsidy reimbursement loot
right now being dished out to the petroleum products imports cabal.


(modified)

Anticipation of good income sharing in terms of dividend/ bonus make companies share rise, as a result of the decrease in revenue of many companies due to 2015 Nigeria economic melt down, makes companies like Oando to sack their workers massively, to the level of looking for 80 billion from the hands of the public inform of right issue to pay part of their debt. We should not expect much dividend from companies this year, but with all things been equal, next year end of the financial year will be better than this year. Share price might start picking up between 2nd / 3rd quarter of the year 2016 if oil price stop dropping .

zendi:
Is contract renewal not an achievement?
Reduction of contract holders from 43 to 21 means more business for the winners.
The problem of oando is that its messy debt situation neutralises every good news that comes its way.
But this is big for eterna, plus the 403b subsidy reimbursement loot
right now being dished out to the petroleum products imports cabal.


(modified)

On eterna, Chibuking, no call me monkey dealer o
Facts are facts, and information is power.
To foresee is to rule. My monkeys are not for sale.

Make una no forget fundamentals oh... Corporate governance is very, very important.
Even if Oando reach 50kobo I no go buy. Not with WT and his cohorts still at the helm of affairs.

735i:
Make una no forget fundamentals oh... Corporate governance is very, very important.
Even if Oando reach 50kobo I no go buy. Not with WT and his cohorts still at the helm of affairs.

735i is just a figure that can crash the price of oando.pls pls i beg you to stay away from the PEOPLES stock.i am taking my own position in it for 2016 rally today.stocks like japaul,Afroil and beco will be good for you to trade.

locodemy:


735i is just a figure that can crash the price of oando.pls pls i beg you to stay away from the PEOPLES stock.i am taking my own position in it for 2016 rally today.stocks like japaul,Afroil and beco will be good for you to trade.

Lmao.... BITL.... I have neither the capacity nor the intention to crash your beloved stock. I'm just airing my own opinion. My apologies....if I touched a sore nerve.

zendi:
On eterna, Chibuking, no call me monkey dealer o
Facts are facts, and information is power.
To foresee is to rule. My monkeys are not for sale.

Where man's treasure lie there lies his interest, without been told, I know that you have a good percentage in Eterna, I like Eterna but as for now I don't have any percent with them, one bad thing about them is that they eat alone, they never declared dividend. I wanted to start taking position in the stock this year, but with current happening in crude oil price, I am patiently waiting for the price of crude oil to bottom out, if possible stable. Iran may start their oil supply by January 2016 and this will push oil price further down, thereby affecting Nigeria economy and the stock exchange market, but if their participation is been perfectly handle by OPEC, at least economy will be improving gradually.

zendi:
On eterna, Chibuking, no call me monkey dealer o
Facts are facts, and information is power.
To foresee is to rule. My monkeys are not for sale.

on Eterna, I know that Agbalowomeri use to have great interest in Eterna, but since he obtain his PhD in NSE, is like his interest has declined, BITL Ihedioramma is not true?.

locodemy:


735i is just a figure that can crash the price of oando.pls pls i beg you to stay away from the PEOPLES stock.i am taking my own position in it for 2016 rally today.stocks like japaul,Afroil and beco will be good for you to trade.

Is like you have never bought a dead company's shares before? To the newbies, always buy shares based on positive quarterly financial results of companies! Stock Investment is never a lottery game or football betting!

locodemy:


735i is just a figure that can crash the price of oando.pls pls i beg you to stay away from the PEOPLES stock.i am taking my own position in it for 2016 rally today.stocks like japaul,Afroil and beco will be good for you to trade.

What of intercontinental and oceanic bank that makes many billionaire and others poormanaire, can people still buy them, is like you forgot to mention Dunlop, what of unity bank, are they fundamentally sound and recommendable? .

Ihedi you are right.you predicted skye weekend bear at #1.18 and there you are.excellent.pls how will next week be?

Mergers, acquisitions likely for banks
Six commercial banks are likely to seek mergers and acquisitions in the New Year – no thanks to the shock created in their assets and balance sheet sizes in the face of declining oil prices.

Crude oil prices have fallen to as low as $37.11 per barrel from over $110 per barrel a year ago. This has adversely affected banks’ oil assets.

Besides, the level of non-performing loans in the sector has risen.

The Managing Director, Sterling Bank Plc, Yemi Adeola, who disclosed this yesterday said he envisaged possible shrinking in the number of local banks in the New Year. There are already moves suggesting that trend, he said, but did not name any bank.

Speaking at an end-of-year media briefing in Lagos, the bank chief said two international banks were discussing with local lenders on possible acquisition. He said the year has been a challenging one for the economy and the banking sector, adding that banks are now finding ways to wriggle out of these challenges, including a tough regulatory environment.



He said oil price could also come further down, and called for a more efficient tax system, blocking of revenue leakages and focus on areas neglected in the past – “from agric to solid minerals and other commodities we have in abundance. We also need to support Small and Medium Enterprises to create opportunities that will create jobs,” he said.

Adeola said the Nigerian banking industry was the most regulated sector in the country thereby affecting banks’ performance.

“To say that everything will be rosy in 2016 will be deceiving ourselves. I think if the opportunities arise for banks to pursue further consolidation, we could see two or three. I also know that one or two international banks are interested in pursuing acquisitions in Nigeria and they are indeed having discussions already,” he said.

“So, you could see a combination of one or two international banks taking over one or two Nigerian banks or merging with them. And nothing also stops two or three Nigerian banks having merger discussions in 2016.”

Adeola said Sterling Bank is ready for either a merger or an acquisition, provided it will add value to stakeholders. “For us at Sterling Bank, we are always open to mergers or acquisitions. We are open to anything that can give us scale. Whether it is a merger or acquisition, we are open, but the synergy must be there. We must see the benefits clearly. Any merger must be one that ensures stakeholders will benefit more; otherwise it will not be worthwhile,” he said.

Adeola added: “We have every cause to remain optimistic in 2016, despite the fact that it is going to be a challenging year for the banking sector. We are determined to keep the momentum going. We first started a merger of five banks, and all the consultants predicted that all the entities will struggle for the next 10 years. It was challenging but we got out of it. Experience has shown globally, that mergers don’t work, especially when you are merging five institutions.”

Adeola said Sterling Bank did first merger in 2006 and ran as a bank from day one, despite the fact that five banks came together. “In 2011, we did another merger with Equitorial Trust Bank (ETB), and was done in record time and you will never see cultural differences. We are one bank, and it means we have perfected the act of acquisitions. Could there be an opportunity to pursue an acquisition again, we will try,” he said.

Adeola said the foreign exchange challenge remained a tough one for banks and the economy. “You can only spend what you have and if our reserves are at $29.4 billion as at December 15, there will barely fund four to five months of import. The options are usually two: to adopt capital control and focus on key sectors. In other words, you determine where you want the forex to go to in order to curb wastages,” he said.

In Adeola’s view, Nigeria cannot sustain capital controls for so long. He said the government does not want the forex to be used for speculative purposes. “But it is a double edged sword. If you adopt capital controls, investors are reluctant to come in, because if they bring their money in at N200 to dollar, they will not be able to know what rate when they are going. So, you shut your door to new money coming in. The other option, is let the naira find its true value. The question is what is the true value for the naira?”

To Adeola, the right thing to do is find the true value of the naira and devalue it from there. “Some will suggest the street value, while others will suggest the Central Bank of Nigeria rate. But it is also not the true value. The true value of the naira is between the CBN rate and the parallel market rate. But there are ways we can find the true value of the naira and devalue to that extent. If people are sure, they are getting true value for their dollars, then the dollars will come down,” he said.

Adeola said Sterling Bank continued to survive in spite of such tough regulations because it plays by the rules. “We do not flout regulations. We keep strictly to regulations. We will continue to face challenges that come our way with maturity. He said the bank desires to be a top six bank, from top 10 currently, and also be a leading consumer banking franchise,” he said.
http://thenationonlineng.net/mergers-acquisitions-likely-for-banks/