maishai:
Shout out to old members of this thread.....Please dont 4get to remind us when this market would bottom out, there are so many juicy stocks out there but I find out that as each month passes by,my money should be able to buy more......Averaging down is not in my books o!!!!!

If you are waiting to know when the market to bottom out, you may wait for ever. It's better you evaluate the stocks on an individual basis and choose the ones that fit your investment profile now. Some results will soon hit the market and there will be no room enough to contain them. Do your due diligence.

http://www.bloomberg.com/news/articles/2016-02-16/saudi-arabia-and-russia-agree-oil-output-freeze-in-qatar-talks

What do all ya think?

Manonamission:
http://www.bloomberg.com/news/articles/2016-02-16/saudi-arabia-and-russia-agree-oil-output-freeze-in-qatar-talks

What do all ya think?

A disgruntled Iran coming in from the cold holds the ace here and is still good for a million more bpd. Iran's response more likely to unravel whatever they agree to. The Gulf jokers and foxy Russia can conveniently freeze all they like. Highly squeezed Venezuela is the only adult in the room right now. Fingers crossed 4 us all.

Manonamission:
http://www.bloomberg.com/news/articles/2016-02-16/saudi-arabia-and-russia-agree-oil-output-freeze-in-qatar-talks

What do all ya think?

If Iran and Iraq are not
a part of the agreement, it’s not
worth much -- and even then
there is still a question of
compliance
the real truth from the quote

spinoff:


A disgruntled Iran coming in from the cold holds the ace here and is still good for a million more bpd. Iran's response more likely to unravel whatever they agree to. The Gulf jokers and foxy Russia can conveniently freeze all they like. Highly squeezed Venezuela is the only adult in the room right now. Fingers crossed 4 us all.

my thoughts exactly.
Iran holds the key

i got more zenith today. they better dont fall ma hands
uba is on d move, afriprud on d move. what is their brother transcorp waiting for? even ucap their sis is doing some baby steps.

amcon set to sell keystone bank.
https://trwstockbrokers./2016/02/16/amcon-set-to-sell-keystone-bank/

lets know the bidders and know how to position.

for the lazy ones like me;

The Asset Management Corporation of Nigeria on Monday said it was seeking prospective investors to buy Keystone Bank Limited, the last of the three nationalised banks yet to be sold.

This came a year after the corporation had sold Mainstreet Bank Limited to Skye Bank Plc, and Enterprise Bank Limited to Heritage Bank.

The Federal Government had in 2011 nationalised Afribank Plc, Spring Bank Plc and Bank PHB and changed their names to Mainstreet Bank, Enterprise Bank and Keystone Bank, respectively.

AMCON said in a public notice that it had decided to divest its 100 per cent interest in the bank and asked prospective buyers to submit their bids by March 4, 2015

The corporation has appointed Citibank Nigeria and FBN Capital as financial advisers to manage the Keystone Bank sale process.

The bad debt manager has also asked prospective investors to submit bids, showing evidence of credibility and eligibility for the transaction.

Based on audited account as of June last year, Keystone Bank has total assets of N317.6bn ($1.60bn), equity of N18.9bn and a loan portfolio of N98.2bn, according to Reuters report.

By December 31, 2015, the bank had 156 branches across the country with four subsidiaries, two of which are international, AMCON said in the notice.

Sterling Bank Plc told Reuters on Friday it was aiming to buy one or two mid-sized commercial lenders as sharp falls in the value of the naira and increased regulatory pressure were forcing banks to recapitalise.

AMCON was set up in 2010 to absorb non-performing loans in exchange for government bonds, after the Central Bank of Nigeria had injected $4bn to rescue nine banks from collapse
Punch

Nigeria’s revenue to rise as Russia and Saudi Arabia agree to cut back supply

Government revenue will enjoy a boost as crude oil prices are set to rise following agreement reached by Saudi Arabia and Russia to cut back oil output after talks in Qatar today. Russia and Saudi Arabia has agreed to fix production at January levels on the condition that other nations agree to participate. Saudi Arabia…

source- http://businessdayonline.com/2016/02/nigerias-revenue-to-rise-as-russia-and-saudi-arabia-agree-to-cut-back-supply/

mercylicious:
Nigeria’s revenue to rise as Russia and Saudi Arabia agree to cut back supply

Government revenue will enjoy a boost as crude oil prices are set to rise following agreement reached by Saudi Arabia and Russia to cut back oil output after talks in Qatar today. Russia and Saudi Arabia has agreed to fix production at January levels on the condition that other nations agree to participate. Saudi Arabia…

source- http://businessdayonline.com/2016/02/nigerias-revenue-to-rise-as-russia-and-saudi-arabia-agree-to-cut-back-supply/

Iran go gree?

10 Reasons why I bought Access bank shares last week.

Reason No. 3: Good fundamentals. Access has an EPS of N2.30, PE of 1.77 and ROE of 17.96%. These are relatively good compared to peers in the banking sector.

Do your due diligence.

megainvest:
10 Reasons why I bought Access bank shares last week.

Reason No. 3: Good fundamentals. Access has an EPS of N2.30, PE of 1.77 and ROE of 17.96%. These are relatively good compared to peers in the banking sector.

Do your due diligence.

continue!! Remaining 7

Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

megainvest:
10 Reasons why I bought Access bank shares last week.

Reason No. 3: Good fundamentals. Access has an EPS of N2.30, PE of 1.77 and ROE of 17.96%. These are relatively good compared to peers in the banking sector.

Do your due diligence.

When done, we await your 10 Reasons why OANDO is NOT a buy

megainvest:
Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

good..

megainvest:
Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

@Mega, What next aftet closure of register. You go run commot and pack your loot to DangoteSugar abi?

DeRuggedProf:


@Mega, What next aftet closure of register. You go run commot and pack your loot to DangoteSugar abi?

I plan to collect ALL my profit few days before closure of register. The dividend is just a bait for capital appreciation. No time for kobo!

megainvest:
10 Reasons why I bought Access bank shares last week.

Reason No. 3: Good fundamentals. Access has an EPS of N2.30, PE of 1.77 and ROE of 17.96%. These are relatively good compared to peers in the banking sector.

Do your due diligence.

so n1 fit drop as dividend. Did they pay interim?

for zenith, its
CURRENT P/E RATIO (TTM)
3.27
EARNINGS PER SHARE (NGN) (TTM)
3.54

source- http://www.bloomberg.com/quote/ZENITHBA:NL

BREAKING: Saudi and Russia Just Agreed To Freeze Crude Oil Output.

Brent 9.89%

Chai!

Youngzedd:
BREAKING: Saudi and Russia Just Agreed To Freeze Crude Oil Output.

Brent 9.89%

Chai!

read my post above n d comments. There is a condition to the agreement.
Anyway, lets go there.

megainvest:


I plan to collect ALL my profit few days before closure of register. The dividend is just a bait for capital appreciation. No time for kobo!

why is seplat the only oil coy performing stunts? is it not the same biz others are doing that they are doing? The bull for that stock no be here.

megainvest:


I plan to collect ALL my profit few days before closure of register. The dividend is just a bait for capital appreciation. No time for kobo!

Professor, your ruggedity is second to none!

Zenith must drop dividend .. i don prep myself ready at worrse 75k with the 25k inter div

The only prob be say the stock will not move up till next yr if such dividend is declared


But i think they shld do more ..but if dem no pay at all ..then i don't know what other banks go do

mercylicious:



read my post above n d comments. There is a condition to the agreement.
Anyway, lets go there.

there is more to all this their(Russia and Saudis) noise making that meets the eye.
its just an opportunity for a click to do d needful.
Brent currently loosing.
http://www.bloomberg.com/energy
its like their secret has been known
keep watching the space

@ megainvest I need your advice please.
Mother bought shares in forte oil(AP) long time ago. She has not been getting the warrants too.
Now I to transfer her shares to my account(Morgancapital). I was asked to go with her to the registrars office.
Do you know the possible documents they will require from us?
I called their office the man answered just asked me to come with her. I was the one asking him if I should come with this or that.
Thank you.

http://mobile.nytimes.com/2016/02/16/business/dealbook/paragon-offshore-is-latest-of-about-60-oil-firms-to-file-for-bankruptcy.html?_r=0

Yet another oil company has filed for bankruptcy, as the energy industry and its lenders brace for a prolonged slump.

Paragon Offshore, which operates offshore drilling rigs from the Gulf of Mexico to the North Sea, filed for Chapter 11 bankruptcy protection Sunday evening, the latest filing in a painful shakeout buffeting the oil industry.

Over the last 16 months, about 60 oil and gas companies have filed for bankruptcy as commodity prices slide, and that figure is expected to double in the coming months if prices remain low.

All told, analysts say as much as a third of the sprawling oil and gas industry in the United States could be consolidated as a result of the downturn.

INVESTORS FASTEN YOUR SEATBELT ANOTHER FINANCIAL HOLOCAUST IS ON THE WAY

leo1234:
@ megainvest I need your advice please.
Mother bought shares in forte oil(AP) long time ago. She has not been getting the warrants too.
Now I to transfer her shares to my account(Morgancapital). I was asked to go with her to the registrars office.
Do you know the possible documents they will require from us?
I called their office the man answered just asked me to come with her. I was the one asking him if I should come with this or that.
Thank you.

I do not know much about the transfer of shares but I will advise you to call Morgan Capital. They will be willing to help and should have all the info you need. Are you based in Lagos?

megainvest:


I do not know much about the transfer of shares but I will advise you to call Morgan Capital. They will be willing to help and should have all the info you need. Are you based in Lagos?

I contacted them through mail. They asked me to go to the registrar's with my mother for verification.
I am in Anambra State for now.
I just want to idea of the processes involved so that I won't go there twice.
Thanks.

megainvest:
Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

Brother....e be like say you sabi the true reason why Access train go speed up soon... All this reasons na just secondary.. their FY15 result go make sense...**clears throat**
That's all!!

mercylicious:


why is seplat the only oil coy performing stunts? is it not the same biz others are doing that they are doing? The bull for that stock no be here.

IMHO, I think the momentum we saw over the last few weeks is so strong because they had 3 different bullish news hitting the stock back to back. ie
* The press release by SEPLAT that indicated strong production growth and very good revenue forecast. This raises hopes for good 2015 FY results and possibility for handsome dividend of over 10%. Truly the stock was seriously undervalued.
* Winning the Case against Britannia U. Those fields are very large and strategic ones. (Believe me!)
* Positive Oil recovery news over the weekend.

However, I think this bull will get weaker from today due to the "oil freeze" news that hit the market yesterday. It will likely pick u again after results are published.