http://abokifx.com/naira-pressure-may-resurface-as-declining-external-reserves-poses-risk-businessday/

The pressure on the local currency which had received some breath following slight improvement in foreign reserve and oil prices may resurface as the development bounces back, BusinessDay findings revealed.

The foreign reserve which improved to $27.871 billion as at March 24, 2016 has declined further to $27.864 as at March 31, 2016 according to a data on the website of the Central Bank of Nigeria (CBN)

OBAGADAFFI:


I understand your point

Nestle (-1.43%) 10N
NB (-3.6%) 3.8N

The percentage loss in NB is more than NESTLE. But the volume loss in NESTLE will hurt any portfolio.

A 5% loss in FCMB and FBNH won't move me much. But 2.5% loss in Seplat or NESTLE will drive me crazy.

Just check the price decline in NESTLE vs FBNH from last year.


You will understand why most penny stocks are better

i still do not get you. The price of 1 Nestle stock is about N700, while the price of some penny stock is 70k.

1 Nestle stock has the same value with about 1000 penny stocks.

5% loss in price of Nestle and 5% loss in price of the penny stock is the same, the value of both stocks will be the same after the 5% depreciation in their prices.

Eventhough 5% loss in Nestle stock is N35 and 5% loss in the penny stock is 3.5k

What no one can tell you, - when to go in for the buy and best time to exist...

The person who can tell you that, is the guy with enough cash in his account...

Give me a billion bucks.... And see how I manipulate the prices... Hehehehe.....while people scream insider information and all. In the end its just demand and supply... The guy /institutions with ample cash always win the day.

That is why some of us do not invest in penny stock for the sake of being penny stocks, but for the sake of the fundamentals, liquidity, growth potential and managerial competence.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales#44416224

Get ready for real bargains/real deals on the floor. good morning

nairametrics.com/alert-oando-confirms-its-auditors-have-issues-with-its-financials/ This company's bad condition/image is probably irredeemable in the short or long run!

manie:




Thanks for the insight, it is not enough to keep on praying or singing " we are making money this year", we need to be informed about the fundamentals behind the stocks we are investing in and be knowledgeable about the relevant news and information about our companies.

Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

zendi:


Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

The guy offend you before? He is not the one looking to sell.

For those concerned, keep your phones close by in anticipation of GTB and Wapic dividends today.

PLEASE CAN SOMEONE IN THE HOUSE TELL ME THE REASONS WHY DIAMOND BANK CAN NOT GO ABOVE 1.20K SINCE LAST WEEK AFTER CLOSING WITH FULL BID EVERYDAY...

ufotty2001:
PLEASE CAN SOMEONE IN THE HOUSE TELL ME THE REASONS WHY DIAMOND BANK CAN NOT GO ABOVE 1.20K SINCE LAST WEEK AFTER CLOSING WITH FULL BID...

Relax... All the gra gra will end when accounts are published. I won't be surprised insiders are using the current low prices to increase their holdings (side-eyes FBNH)

Disclosure: I entered at N1.10K...

Anytime from now... firstbank, will either ; rocket upward or downward... all eyes on lastbank

This market is funny....this same oando that i made 9% in one day is now falling 5%...Thank God i didnt stay long in the bus...

OBAGADAFFI:


I understand your point

Nestle (-1.43%) 10N
NB (-3.6%) 3.8N

The percentage loss in NB is more than NESTLE. But the volume loss in NESTLE will hurt any portfolio.

A 5% loss in FCMB and FBNH won't move me much. But 2.5% loss in Seplat or NESTLE will drive me crazy.

Just check the price decline in NESTLE vs FBNH from last year.


You will understand why most penny stocks are better

This guy is still a learner!

Trade with caution on FBNH

zendi:


Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

Please read, understand and digest my post before making comments or mentioning me, I do not own Equity Assurance stock.

A guy wanted to sell Equity Assurance on another thread, and another guy wanted to buy on from this thread.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales




https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483

Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.


The person who wanted to buy was Kaboninc and the seller was edwardaigb.

Godisfaithful:
Trade with caution on FBNH

Some folks wanna buy! #We Know How This Game Is Played.

EDUECO:
Some folks wanna buy! #We Know How This Game Is Played.

You may be right sir. Please trade with caution and carefulness . Best of luck!

Godisfaithful:
Trade with caution on FBNH

EVERY TIME TRADE WITH CAUTION BUT THE BANK HAVE GONE 9% UP

http://nairametrics.com/alert-oando-confirms-its-auditors-have-issues-with-its-financials/



Oando Nigeria Plc issued a press release last week that it will not be able to release its 2015 Annual Reports on schedule because of a clause in Rule 5 of the Financial Reporting Council of Nigeria.

The Management of Oando PLC would like to advise our valued shareholders, key stakeholders, and wider investor community that from available indications we are unlikely to complete our 2015 audit and issue our audited accounts on 31 March, 2016, as required by The NSE Rules (the Rules). We have worked diligently with our external auditor, Ernst & Young (“EY”) to ensure a swift conclusion to the audit process. However, after reviewing the financials, EY indicated that the Accounts may likely need to be referred to the Financial Reporting Council of Nigeria (“FRC”) pursuant to Rule 5 of the recently publicised FRC Rules. We expect the process to be concluded on or before 31 May, 2016, however this is dependent on the completion of the external review process as referred to above.

http://www.dailytrust.com.ng/news/business/access-bank-seeks-505m-to-settle-debt/140958.html

Access bank plans to raise 100B

manie:



i still do not get you. The price of 1 Nestle stock is about N700, while the price of some penny stock is 70k.

1 Nestle stock has the same value with about 1000 penny stocks.

5% loss in price of Nestle and 5% loss in price of the penny stock is the same, the value of both stocks will be the same after the 5% depreciation in their prices.

Eventhough 5% loss in Nestle stock is N35 and 5% loss in the penny stock is 3.5k

Thanks for that clarification

Chibuking81:
if you use the same amount to invest or trade, whether, 50 kobo or 700 naira stock, the one with the highest percentage of loss, losses much. For instance you buy first Bank at #15 * 100,000 unit of share = #1,500,000. Then with the same amount you buy Nestle #1,500 * 1,000 unit of share = #1,500,000. For the period of one year if first bank losses 80%, it's price will come down to #3 * 100,000 unit of share = #300,000, compare it with Nestle when it's losses 60% for the period of one year, it's price will go down to #600 * 1000 unit of share = #600,000.(if Nestle losses the same 80% like first Bank for the period of one year, it's price will go down to #300 * 1000 unit of share = #300,000) in conclusion percentage are all the same and matters a lot. Thanks for your understanding.

Great Analysis.

Will bookmark this for better days.
Thank you

if i say make God punished diamand bank market maker... it will look as if am wicked... trap my money just for nothing! stocks that ends with full bid everyday (two weeks now) @ 1.20k ... but cant go above 1.20k everyday!

Godisfaithful:
Trade with caution on FBNH

Any jist on fbn

Abeg, make we see d bid and offer for today.

manie:




Please read, understand and digest my post before making comments or mentioning me, I do not own Equity Assurance stock.

A guy wanted to sell Equity Assurance on another thread, and another guy wanted to buy on from this thread.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales




https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483

Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.


The person who wanted to buy was Kaboninc and the seller was edwardaigb.

people find it hard to read..why bother explain? He may not read this either

manie:




Please read, understand and digest my post before making comments or mentioning me, I do not own Equity Assurance stock.

A guy wanted to sell Equity Assurance on another thread, and another guy wanted to buy on from this thread.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales




https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483

Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.


The person who wanted to buy was Kaboninc and the seller was edwardaigb.

I'm sorry regarding equity assurance.......I read that upside down.
You're my man.

But we really are making money this year.

zendi:


I'm sorry regarding equity assurance.......I read that upside down.
You're my man.

But we really are making money this year.

No problem, definitely we are making money but we should not rely solely on the stockmarket. The stockmarket is just one of the vehicles that will take us to our wealthzone.

Godisfaithful:
Trade with caution on FBNH

do you know that too much analysis can make you miss an opportunity!

ufotty2001:
do you know that too much analysis can make you miss an opportunity!

Okay sir!

The equity price of TRANSCORP HOTELS PLC was adjusted today 5th of April, 2016 for a dividend of N0.41 as declared by the board of directors. The last close price was N5.00, hence the ex-div price N4.59.