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Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 1:58pm On Jul 12, 2016 |
Born2berich:And if they are not?. thank's for the info but you people dont talk about FO, FO is going down oooo km 20 . |
Re: Nigerian Stock Exchange Market Pick Alerts by courage89(m): 2:53pm On Jul 12, 2016 |
I hope those people clamoring for devaluation are happy. They've helped increased the complexity within and created more problems for our financial system. Because of the devaluation, banks will witness more problems because of their exposure to and servicing foreign loans. Government will have similar challenges, servicing foreign debt. Inflation and interest rate will continue to trend higher. How do you build a manufacturing economy when interest rate and inflation are above 15%. How do you grow the economy in the wake of all these crisis. I don't know if I should blame the federal government or blame CBN governor for incompetence. I am yet to see the positive impact of devaluation on our economy. We are still losing more jobs than we are creating. The stock market is still loosing money. I hope these speculators (bastards) are happy... |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 2:53pm On Jul 12, 2016 |
stocks with new 52 weeks low Vitafoam #3.59k Sterling bank #1.35k Forte oil # 163.13k Skye bank #0.73k No new high. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Thunderlicious: 3:54pm On Jul 12, 2016 |
courage89: Blame it on Peterichy 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chukzyfcb(m): 4:23pm On Jul 12, 2016 |
Intendy:Forte oil 163? Damn! Early this year the share price was about 340naira. Forte plc share increased from 9 naira in 2012 to 342 in dec 2015, thats why it has been regarded as Lord in the stock market because it defies 9ja market principle. While the market be going south, its prices went up, sending femi otedola name back into the FOrbes list radar.......... Damn, That's over 50% drop, damn! ...........Investing in the oil sector is deadly! I swear |
Re: Nigerian Stock Exchange Market Pick Alerts by Chukzyfcb(m): 4:35pm On Jul 12, 2016 |
courage89:not true bro regarding Government....Government are the biggest gainers when it comes to devaluation. This was why I often told people that if Buhari refused to devalue the naira , he shouldn't be criticised because his govt would benefit much from it. So he refusing it means starving his govt of possible wealth. Govt still export oil which can be used to servive debt plus selling 1 barrel of oil means extra money when brought back to nigeria because the dollar exchange rate is higher. Investors wanting to leave 9ja will need to part with more naira, gifting the govt more money. Mehn the advantage for them is humongous. I dnt see why you say govt will find it hard, they are the biggest gainers in the devaluation game 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by eipreel(f): 5:12pm On Jul 12, 2016 |
davide470:Chai lemme start fasting and prayer for my guy |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 5:30pm On Jul 12, 2016 |
Chukzyfcb: What of FGN servicing external debts in dollars?? |
Re: Nigerian Stock Exchange Market Pick Alerts by Chukzyfcb(m): 6:02pm On Jul 12, 2016 |
ukay2:Devaluation according to my own knowledge has little or nothing to do with external debts. External debts has close ties with government export earnings, which in our case is OIL. The only way Govt will find it hard in servicing external debts is if its foreign exchange earning decreases (Ie decrease in Oil prodduction which is our major commodity for forex) so once again bro, devaluation has lil or nothing to do with paying external debts 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mrsage(m): 6:43pm On Jul 12, 2016 |
What stocks do we consider for short to medium term? Is ucap and uba good @ current price? |
Re: Nigerian Stock Exchange Market Pick Alerts by courage89(m): 6:45pm On Jul 12, 2016 |
Chukzyfcb: I agree that they will have more naira conversion...this should provide more naira cash flow to meet wages and other naira liabilities. My argument lies in the foreign denomination debt on government books. The northward trajectory of this debt has been a source of concerns even before devaluation. It's like we just compound our problems with devaluation. |
Re: Nigerian Stock Exchange Market Pick Alerts by courage89(m): 6:58pm On Jul 12, 2016 |
Chukzyfcb: Don't forget that our budget is quoted in naira. Debt servicing has to be accounted for in the budget in naira, and later converted to foreign currency equivalent. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chukzyfcb(m): 7:18pm On Jul 12, 2016 |
courage89:I still maintain my stance bro. The upward trajectory of our debt has been because of reduced revenue. Oil price reduced by 50% so funding budget will be tough, that's why people suppprted devaluation. In devaluation govt can make up for the loss of revenue from Oil price. Currently 1barrel of Oil trades for $49 & we export bout 1.9-2.3million barrels per day whereas the 2016 Budget projections say we need 2.2million barrels & a price of $38 per barrel. So as you can see we are even doing better than the projections, with the profit from devaluation it means we should even meet the demands. Don't forget our GDP-Debt ratio according to kemi adeosun is among the lowest in the world, so it gives them more leverage to borrow more 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 7:24pm On Jul 12, 2016 |
eipreel:He will be fine. This is just Initial gra-gra.. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by courage89(m): 9:01pm On Jul 12, 2016 |
Chukzyfcb: Based on the federal government's 2016 budget, they proposed to spend about ~1.5 trillion naira to service our debt. I'm not exactly sure of the breakdown of the debt, what is local or foreign. My point is that at the end of the day, we will spend more than 1.5 trillion to service our debt. The dollar denomination part will have to be adjusted based on devaluation. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 10:15pm On Jul 12, 2016 |
People, What did i miss? i could not monitor the market today, plenty work. Just reviewing it now, IMO. i think UBA is warming up oh, three Jodi in 4 trading days, last call oh, we are driving out straight to KM 6. Tigerbrand - Trading sideways for a while now, shows resistance/support around 4.60 ish band . na one thing go break am out. FBNH, SKYE BANKS. Going south men at least for this week. OandO type weak result will most likely safe FBNHs free fall. FO plc. its overdue, after dividend and bonus, its finding its real value. Lets see who among the Banks will relase result first. ( just to prove that they are ok and not like skye) Gnite. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 10:19pm On Jul 12, 2016 |
TOMORROW'S TRADING is expected to be GREEN all the way until FRIDAY... YOU are free to sell your appreciated stocks then check back on MONDAY to consider buying more equities... I advice the newbies to STAY CLEAR EQUITIES with technicalities this month! THE BIG SMART GUY |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:43pm On Jul 12, 2016 |
''Caution goes out to traders who have a windfall day. The markets can serve up heaping portions of humble pie cooked in a variety of ways'' - PB 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:55pm On Jul 12, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:58pm On Jul 12, 2016 |
'' A trading truth: When you're right, you never have enough on. When you're wrong, your position is always too big. '' - SIGH 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:00pm On Jul 12, 2016 |
'' Sometimes no position is the best position. A compulsion to trade leads to disaster. '' #NoteToSelf 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:03pm On Jul 12, 2016 |
Why much fuss about MRS. ABi them wan tell say the result they posted isn't real after paying dividend consistently since 2012 OBAGADAFFI: |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:08pm On Jul 12, 2016 |
A reality of trading -- A trader always has too much size on when wrong, too little on when right. #UrNotAlone 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 11:29pm On Jul 12, 2016 |
let them free the Skye o for the birds to fly http://nairametrics.com/from-bad-to-worse-sp-says-skye-bank-could-default-in-6-months/ |
Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 3:25am On Jul 13, 2016 |
fxuser:Don't joke with a stock with STRONG fundamental. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 5:55am On Jul 13, 2016 |
davide470:http://investadvocate.com.ng/2016/07/12/mrs-placed-review-following-latest-court-filing-amcon/ so no alternative way of resolving this, like O&O's |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:35am On Jul 13, 2016 |
Thunderlicious: https://www.nairaland.com/3222479/buhari-appoints-hadiza-usman-npa We foresee the future and strictly warned them about General BUBU but they kept chanting CHANGE! CHANGE!!. Well this a tip of the iceberg just 1year down and 3 or 8more years to go. So let's sit tight and enjoy the CHANGE, those that areant comfortable can relocate to BENIN REPUBLIC or LAKE CHAD. As for me and my household we are enjoying this CHANGE big time. *ThE OcToPuS* 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:43am On Jul 13, 2016 |
PETERiCHY: What does the HEADLINE AND THE STORY IN IT has to do with change and chains as you mentioned?i am suspecting you are a teenager or you are not a mature man. 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by duni04(m): 8:07am On Jul 13, 2016 |
locodemy:You messed up. If you'd just ignored him, his post would've just fizzed into oblivion without even a notice. Now he'll want to come back and reply you with his childishness. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 8:17am On Jul 13, 2016 |
fxuser: A sensible trader never risks more than 2% of his equity on any one trade." Alexander Elder #TimeToTakeStocks |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:27am On Jul 13, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 8:32am On Jul 13, 2016 |
PENGASSAN has called off the strike. Will FO take the bull by the horn? |
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