Saudi has cut down oil prices

http://www.telegraph.co.uk/business/2016/07/31/texas-shale-oil-has-fought-saudi-arabia-to-a-standstill/

so what's next again

Oando...Eternal Oil...Transcorp....all on BID this afternoon..what is happening...I be don raise my cutlass awaiting good entry point....this NSE Na wa..

sirflav:
EXTORTION

As you think, over .

cadno:
Oando...Eternal Oil...Transcorp....all on BID this afternoon..what is happening...I be don raise my cutlass awaiting good entry point....this NSE Na wa..

This three stocks dont work with news, you need to have them allways with you .

Pls which sin did Vitafoam and Wapco cement committed that NSE is punishing them with this downward motion...I want to know because these 2 stocks are dividend paying stocks..

Cc
Intendy
Godisfaithful
Manie
Ihelp
Angeloe
Feelamong
Zendi
Rebecca
Mercylicious
Peterichie.... Hope you will comment like an old veteran here

Etc

I need to write to WAPIC oh... they have to explain all the rubbish numbers they have put out this year

People waiting for UCAP at sub N2.00, no surprise if it reaches N3.00 before it's body kull down small o. That stock looks like it's headed for KM3, so after my small analysis yesterday, I had to jump in at N2.42.

This is not a recommendation at all o.

$$$

no ucap offers !

ukay2:
Pls which sin did Vitafoam and Wapco cement committed that NSE is punishing them with this downward motion...I want to know because these 2 stocks are dividend paying stocks..

Poor results. vitafoam is more generous with dividends but I think investors don't just like the stock. they often punish any stock that fail to meet up to any quarterly expectation without regard to the underlying fundamentals that resulted in the loss. wapco has always been big for nothing because they are always stingy with dividends. now the market is pricing it as it deem fit because when they are making profit they pay tashere dividend let alone now that they have been making huge losses QoQ.

ExLaidback:
People waiting for UCAP at sub N2.00, no surprise if it reaches N3.00 before it's body kull down small o. That stock looks like it's headed for KM3, so after my small analysis yesterday, I had to jump in at N2.42.

This is not a recommendation at all o.

$$$

Sharp man....

Been waiting for this stock but decided to go in when i saw what Tbills and OMO rates have been doing...

These guys and some banks are minting cash now...while not taking any risk!

just take a look at the assets under management....

ukay2:
Pls which sin did Vitafoam and Wapco cement committed that NSE is punishing them with this downward motion...I want to know because these 2 stocks are dividend paying stocks..

Cc
Intendy
Godisfaithful
Manie
Ihelp
Angeloe
Feelamong
Zendi
Rebecca
Mercylicious
Peterichie.... Hope you will comment like an old veteran here

Etc

The outlook for Wapco is just not looking good... They have been suffering from gas shortage due too militancy for some time now..devaluation loss seems to be the final knock on their grave...

i should be looking at N35 for it now..

As for Vita foam, seems the bears suddenly remembered it..as for me i have never been a fan of their merger with Vono...i did not see any value except for a bigger empire for the management and bigger salaries

Time will tell

feelamong:


Sharp man....

Been waiting for this stock but decided to go in when i saw what Tbills and OMO rates have been doing...

These guys and some banks are minting cash now...while not taking any risk!

just take a look at the assets under management....

Bros I'm learning from you . I like the angle from which you did your analysis.

I have a feeling the price would definitely exceed N3.00 well before year end, but as usual the market is king.

$$$

stocks with new 52 weeks low
Ikeja hotel #1.80k
Vitafoam #2.90k
lafarge wapco #53.07k

stocks with new 52 weeks high
Total #200.40k

ExLaidback:


Bros I'm learning from you . I like the angle from which you did your analysis.

I have a feeling the price would definitely exceed N3.00 well before year end, but as usual the market is king.

$$$

If the price enter N3.50. , I go offload and ran with my loot to NTB asap

We are making money this year...

ukay2:

If the price enter N3.50. , I go offload and ran with my loot to NTB asap

We are making money this year...

Bros for this NSE? Abeg make e touch N3.00 first biko before imagining N3.50...

Flour Mills of Nigeria plans 40 bln naira share sale

http://af.reuters.com/article/nigeriaNews/idAFL8N1AJ4IR

feelamong:

Flour Mills of Nigeria plans 40 bln naira share sale

http://af.reuters.com/article/nigeriaNews/idAFL8N1AJ4IR

Pls oga what does it mean for retail investor like me....

#OnTheNews
DMO plans to raise N245.18 bln in TBills.

Indicative rates:
16% for 3-month,
18%r 6-months
18.5% for 1-year bills

link
http://af.reuters.com/article/nigeriaNews/idAFL8N1AJ41I

fxuser:
#OnTheNews
DMO plans to raise N245.18 bln in TBills.

Indicative rates:
16% for 3-month,
18%r 6-months
18.5% for 1-year bills

link
http://af.reuters.com/article/nigeriaNews/idAFL8N1AJ41I

18.5%, men I salute NTB

feelamong:

Flour Mills of Nigeria plans 40 bln naira share sale

http://af.reuters.com/article/nigeriaNews/idAFL8N1AJ4IR

At what price sir ?

Intendy:
stocks with new 52 weeks low

Ikeja hotel #1.80k

Vitafoam #2.90k

lafarge wapco #53.07k


stocks with new 52 weeks high

Total #200.40k

Bros, good work. This partnership and rate of consistency between vitafoam and wapco is quite interesting on this your table. I think the two coys need to form a merger.

ukay2:


Admin pls ban oga forcefulbull for 2weeks ASAP for derailing this honourable nsepa forum...

Pls all politics should go to politics forum to preserve the integrity of this forum...
Nothing concern us with importation car business here...car talk/autos guys are waiting for you in their fora...

He shouldn't be banned in my opinion. What he mentioned has a great bearing in the economy which you're investing into. At a time that companies and people are struggling, taxes are being raised.
That tells you somehow the attitude of the government to business. Imagine the impact this would have on the cost of replacement of company vehicles.

Mfunkynation:
TRANSCORP OOOOOOOOOOOO

What happen boss?

ABC TRANSPORT PLC
Closure of Register for Year Ended 31 December 2015
Proposed Dividend 2 Kobo per share
Proposed Bonus Nil
Closure Date 8th -12th August 2016
AGM Date 19th August 2016
Payment Date 5th September 2016
AGM Venue Mayfair Suites and Conference Centre, Egbu Road, Owerri

I am now waiting for some stocks @ my new junction, like Nestle @#700, Oando @#4.90 or #5, Transcorp 90kobo, FBNH #3, FCMB #1, Zenith bank #15, CCNN #6, Eterna #2. Dangote Sugar #6.

Started heading NN n was on full bid yestaday

makashava:
What happen boss?

https://www.fitchratings.com/site/pr/1009704

Nigeria's banks are likely to face more challenges as interest rates continue to rise, says Fitch Ratings. The central bank's benchmark interest rates, which hovered around 6% from 2001 to 2011, have risen steeply. The latest increase came on 26 July, bringing rates up to 14% in a move to curb inflation and strengthen the naira.

Rising rates are likely to put additional pressure on banks' asset quality. Almost all lending is extended at floating rates and banks should be able to reprice their loans quite quickly but borrowers will face more difficulties in servicing their debts. Impaired loans are already high in the Nigerian banking sector, where average non-performing loan ratios reached 6.2% at end-March 2016, partly reflecting the impact of currency depreciation on businesses as well as higher oil-related problem loans at some banks.

We also expect loan growth (excluding foreign-exchange translation effects) to slow during 2H16 and into 2017. Banks have already tightened underwriting standards as economic conditions in the country worsen. GDP contracted by 0.4% year on year in 1Q16 and we forecast GDP growth to fall to 1.5% in 2016 (2015: growth of 2.7%).

With rising rates, excess liquidity in the banking sector is, in our opinion, likely to flow into additional holdings of higher-yielding government debt. Government securities represent about 16% of total Nigerian banking sector assets and 10-year senior bonds yield about 15.3%. Despite the rate rise, real interest rates remain negative when considering inflation, which reached 16.5% in June 2016. Nevertheless, for the domestic banks government bonds represent low-risk, low capital intensive investments. Lending, particularly in foreign currency, carries higher risks.

The rate increase will also lead to higher funding costs for the banks. This and the switch away from loans and into fixed-income government bonds are likely to squeeze Nigerian bank net interest margins. We also expect operating costs and loan impairment charges to rise but still expect Nigerian banks to remain profitable in 2016.

We downgraded Nigeria's sovereign rating to 'B+' in June and various bank ratings were downgraded in July. The challenging and volatile operating environment in Nigeria, as well as such factors as the banks' financial profiles, mean Nigerian bank standalone Viability Ratings (VR) are in the highly speculative 'b' category. Nigerian bank VRs are sensitive to a prolonged economic downturn and depressed oil prices, and to materially weaker asset quality.