mercylicious:
fbn on 7.25%
any news?

It's the leftover bids from Friday.
Until we see the outcome of the board meeting.

COSTODIAN AND ALLIED
CORPORATE ACTION: INTERIM DIVIDEND (PAID): 6 KOBO
FINAL DIVIDEND (PROPOSED): 14KOBO
QUALIFICATION DATE: APRIL 13, 2016
CLOSURE OF REGISTER: APRIL 14, 2016 TO APRIL 20, 2016 (BOTH DATES INCLUSIVE)
PAYMENT DATE: MAY 3, 2016
AGM DATE: MAY 3, 2016 AGM
VENUE: THE CIVIC CENTER, OZUMBA MBADIWE AVENUE, VICTORIA ISLAND, LAGOS

NuttyChoky:


Negative Mercy...

I would stay off Oil & Gas downstream stocks at the moment. I have voiced this sentiment earlier.

As at today, NNPC is the sole importer of petroleum products (because of our senseless exchange rate policy & Kachikwu's price modulation) so expect the earnings of downstream companies to be VERY poor in 2016... If you look closely at their 2015 numbers you would see that was the same e.g. remove other income and finance income from Total earnings last year and their performance was terrible...

I believe Forte Oil might be trying to increase their downstream distribution infrastructure but I read some release where they are talking about investing in Upstream assets (I come dey wonder weda their sense complete).

Basically, if they are not raising funds to build a refinery, my hand no dey...

My 2 cents...

This information might not be correct. Second quarter allocation for the NNPC is just 41.74%. Other oil marketing companies including Oando have the rest. Oando is the only listed company of this "others" (I stand to be corrected). So it is not a given that 2016 results will be poor based on your assumption except for other unknown factors.

FBNH is a stock that is going to pay nothing less than 50Kobo as dividend,and some investors expect it to be stagnant in price!

Manonamission:


This information might not be correct. Second quarter allocation for the NNPC is just 41.74%. Other oil marketing companies including Oando have the rest. Oando is the only listed company of this "others" (I stand to be corrected). So it is not a given that 2016 results will be poor based on your assumption except for other unknown factors.

So... I generally ignore the PPPRA allocation quotas and focus on the reality on ground... If you look at the FX utilization reports for most banks (and I have been monitoring those for a bit) you don't see the Oil guys (MRS, ETERNA, TOTAL, MON, FO) featuring for gasoline imports... Kachikwu also said last week that the NNPC was currently the sole importer and that he had approval from the president to increase the crude oil volumes allocated to the SWAP contracts to ensure the country is wet.

Me sha I have talk my own... 2015 was a better year for the downstream oil & gas companies and 2015 was bad

DIAMOND BANK MARKET MAKERS THIS IS ABSOLUTELY UNFAIR TO US.. EVERYDAY DIAMOND BANK ENDS WITH 1.20K @ FULL BID .. BUT IT CANT GO MORE THAN 1.20K EVERYDAY... I NEED TO JO @ 1.30K... NOW DIAMOND BANK IS ON FULL BID @ 1.20K WHEN IT GET TO TOMRRW THE SAME DIAMOND BANK WILL UNABLE TO GO ABOVE 1.20K

NuttyChoky:


So... I generally ignore the PPPRA allocation quotas and focus on the reality on ground... If you look at the FX utilization reports for most banks (and I have been monitoring those for a bit) you don't see the Oil guys (MRS, ETERNA, TOTAL, MON, FO) featuring for gasoline imports... Kachikwu also said last week that the NNPC was currently the sole importer and that he had approval from the president to increase the crude oil volumes allocated to the SWAP contracts to ensure the country is wet.

Me sha I have talk my own... 2015 was a better year for the downstream oil & gas companies and 2015 was bad

The reports you are referring to were for Q1. You can't extrapolate Q1 to full year 2016. A system that didn't work in Q1, aggravating the fuel scarcity all over the country. That was the reason for the reversal.

PETERiCHY:


Since the beginning of Buhari regime we've been hearing all sort of story
Abeg let me laugh this Monday afternoon

PETERiCHIIIIIII ! what made you go dig up that post this morning? (its morning here o).
That was way back when we were still waiting for the ministerial list.
You and dragonking see nothing good in this government, but it's your democratic right.
A democratic govt should not expect everybody to sing its praise.
Enjoy your laugh, but we will make money this year.

https://trwstockbrokers./2016/04/04/banks-channel-forex-to-investors-exiting-equities-bond-markets-the-nation-nigeria/

JPM London secured $3,331,564.24 from Stanbic IBTC for its divestment of equities and Federal Government of Nigeria (FGN) Bonds. There was also $2,010,690.01 disbursed to State Street/Stanbic Nominees-E by the lender for the same purpose.

BP2S/BNP Pribas obtained $130,167.61; Standard Bank of South Africa, $541,671.31; Merrill Lynch International $63, 767.89; HSBC Funds Services London, $394,210.30; and The Bank of New York Mellon 2, $206,317.82.

The foreign investors have been pressurising the Central Bank of Nigeria (CBN) to devalue the naira, which it has vehemently resisted. Last week’s repatriation of investments is expected to continue in the months ahead as the margin between the official exchange rates has continued to widen.

Manonamission:


The reports you are referring to were for Q1. You can't extrapolate Q1 to full year 2016. A system that didn't work in Q1, aggravating the fuel scarcity all over the country. That was the reason for the reversal.

I totally respect your opinions on the NSE & investing but for downstream O&G leave this matter... ... I can comfortably extrapolate based on this govt. tendencies, other policies and of course the Nigerias populace's aversion to market based economics.

I worked in that space for a bit and I know how tough it is. High turnover, low margins then complicate with over regulation.

I am also VERY sure that you don't have your money in that sector ... you are much too savvy for that.

If the sector is fully liberalized, I will remove all my money from stocks and go and start my own company

Life is too short to stress...

please house when will fidelitybank close their register....

NuttyChoky:



I totally respect your opinions on the NSE & investing but for downstream O&G leave this matter ... ... I can comfortably extrapolate based on this govt. tendencies, other policies and of course the Nigerias populace's aversion to market based economics.

I worked in that space for a bit and I know how tough it is. High turnover, low margins then complicate with over regulation.

I am also VERY sure that you don't have your money in that sector ... you are much too savvy for that.

If the sector is fully liberalized, I will remove all my money from stocks and go and start my own company

Life is too short to stress...

Okay o. I rest my case.

I have just taken my greatest financial risk ever! Siddon look mode activated.

megainvest:
I had to throw Fidelity under the bus!

That will amount to murder, why throw someone's BRAINCHILD under the bus

I need someone to share an opinion on why bids for Transcorp are increasing.

FCMB making money for awon boiz..

40% and counting....Baba God no allow Greed mess person up again o!

to shoot or not to shoot??

make I go consult Ifa...

Manonamission:
I need someone to share an opinion on why bids for Transcorp are increasing.

Men in Black...led by Tony himself....mopping up to sell back to you at 1.15

what is happening

PLZ SHARE D RISK, WE WOULD LIKE TO KNOW

megainvest:
I have just taken my greatest financial risk ever! Siddon look mode activated.

http://nairametrics.com/nigeria-is-becoming-the-next-venezuela/

President Buhari’s Socialist welfare leanings could be shaping Nigeria up to become the next Venezuela.

In his second stint as president, Muhammadu Buhari is still not realizing that mere will-power or ‘body language’ will not win against the force of free market.

His preference for sticking with controlled markets, rather than accelerating reforms towards freely determined markets show that he is not quite the messiah that Nigerians have come to expect. These controlled and distorted markets, with their artificial prices are bringing Nigeria’s economy down to its knees.

A key feature of a distorted market is the existence of two prices and two markets for one product, which create arbitrage opportunity. People buy in one market (often the lower-priced govt controlled one) and sell in the other, for a higher price.

The second market often exists because supply and demand at the original market does not match. It doesn’t match because there is either way too much demand because price is low, or supply is too little because price is not competitive enough.

Although petrol prices have been pegged at N86 (or 43 cents) a litre, consumers have found it increasingly difficult to get the commodity at that price. Over the last few days prices have hovered at between N150 and N200, more than double the price fixed by the government.

Norway, the 3rd largest energy exporter in the world sells petrol to its citizens at $1.63, almost 4 times what is sold in Nigeria. The US sells for 66, cents nearly double that price.

Nigerian petrol marketers would often happily hoard the product whenever the opportunity arises, and wait for better conditions to sell at a higher price.

The smarter ones take products destined for Nigerian market to sell to neighboring countries where prices are higher.

Because of Nigeria’s distorted market and pricing system, the country is suffering an incomprehensible scarcity of petrol, while the rest of the world is drowning in too much oil.

In the same way a black market for foreign exchange was strengthened after government tightened its grip on the exchange rate, the black market for petrol is now taking over the streets.

Somehow, the government still thinks that the way boost supply of the product is to interfere even more and squeeze the independent/private suppliers out of the market, rather than release its chokehold on the product’s price. It now plans to allocate 78% of import quotas to the state oil company. A move that has irked the independent marketers.

Right now, there is a tussle for market share in the petrol distribution industry between the government and private individual suppliers which has further constricted supply. The consumers who continue to suffer scarcity as sellers refuse to sell, are the only victims in this fight.

The effect of controlled markets is having even more dire consequences for the country.

Nigeria has remained in perpetual darkness as gains in the amount of electricity generation steadily fall.

Independent electricity generation and distribution companies are refusing to produce more power because the prices at which they can sell their electricity has been fixed by the government. An attempt to increase the prices to make them more economically viable met with resistance and a summon to the senate.

The price for gas, an indispensable input for power generation is also fixed. Gas producers are pussy-footing with regards to capacity expansion even though the potential market is humongous, and the business case for investment in gas is as clear as sky.

As much gas as they already produce is snapped up by gas hungry plants and manufacturing companies seeking to reduce costs.

Although the gas companies can expand and sell much more, they are hesitating because there is little incentive.

There is also a lack of investment in electricity transmission because it is still being fully controlled by the government. Meanwhile, the blackouts linger.

Last Thursday, electricity generation at the main grid fell to zero due to system collapse that has become a rathe regular occurrence.

All these mean that productivity is plunging, fuel queues are longer, frustration is rising, companies are shrinking, and unemployment is rising.

feelamong:


Men in Black...led by Tony himself....mopping up to sell back to you at 1.15

Where are those that said transcorp will go down to 0.5k

http://nse.com.ng/Financial_NewsDocs/FinancialStatementFull_C%20and%20I%20LEASING%20PLC._2016-03-31.pdf

leo1234:

Where are those that said transcorp will go down to 0.5k

I believe you've been to a beach. everything is possible.

pls now tell us what you did. is it fbn?

megainvest:
I have just taken my greatest financial risk ever! Siddon look mode activated.

http://www.businessinsider.com/oil-prices-april-4-2016-4?r=UK&IR=T

Oil took a big dive on Monday morning as Iran announced its latest figures on oil production, and a series of familiar problems weighed on the price of the world's most crucial commodity.

Over the weekend, Iran announced that production of oil in the country has passed two million barrels per day since sanctions by Western nations lifted in January. That increase in production – around 250,000 bpd since March 1 — has helped increase the already huge oversupply in the market, and sent oil lower on Monday.

PETERiCHY:
http://www.businessinsider.com/oil-prices-april-4-2016-4?r=UK&IR=T

Oil took a big dive on Monday morning as Iran announced its latest figures on oil production, and a series of familiar problems weighed on the price of the world's most crucial commodity.

Over the weekend, Iran announced that production of oil in the country has passed two million barrels per day since sanctions by Western nations lifted in January. That increase in production – around 250,000 bpd since March 1 — has helped increase the already huge oversupply in the market, and sent oil lower on Monday.

Brent Currently 38.77

where is the big dive?

http://www.euroinvestor.com/exchanges/gtis-energy/brent-oil/2327059

My stock pick for April.. Skyebank @ 0.86k, transcorp N1, zenithbank 10.75k, UBA 2.95k.. Do ur dd

Off market transaction

This is to inform all NASD Brokers that a total of 110,000 units of Niger Delta Exploration and Production Plc (SDNDEP) valued at 12,100,000 Naira, was executed today at N110 per share as a negotiated crossed deal by Vetiva Securities Ltd. Please be guided accordingly.

http://nse.com.ng/Financial_NewsDocs/13160_ALUMINIUM_EXTRUSION_-_2015_AUDITED_FINANCIAL_STATEMENTS_APRIL_2016.pdf
ALEX
DIVIDEND:8.5 kobo per share

Intendy:
http://nse.com.ng/Financial_NewsDocs/13156_ASHAKA_CEM_-_CORPORATE_ACTION_CORPORATE_ACTIONS_APRIL_2016.pdf

this ashaka cement was it not bought by lafarge wapco or did the deal not go through

mercylicious:


i wonder if there is any news in short term that will move transcorp. a coy dt did not deem it fit to give the shareholders even 1kobo as dividend.

What will 1k dividend do to you, but the company still gave a bonus of 1 for 20.