fxuser:
In other news

'' The benchmark EGX 30 Index has surged 55 percent since the currency float in local currency terms. ''

link
https://www.bloomberg.com/news/articles/2017-02-08/inflows-inflation-and-imf-egypt-s-economic-overhaul-in-charts?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

Just imagine this Emefiele allows d currency to just find its level . . .

Parisfran:


I am a big admirer to your work but sadly I don't agree with you. Egypt is not better off because of the float.

Taking a look at the article.
Yes, foreign investors came in and bought tbills.
The EGX 30 has surged 55 percent
Loans and aids from imf and foreign governments increased

But on the other hand all the above doesn't do anything for the average Egyptian. Leave foreign media to portray themselves as the saviour of the world
From same article.

They floated the EGP and it hit 18/usd. However since float the thing has not fallen instead expected to rally about 7 percent.

Inflation rose fast to 25.86percent. Showing no signs of recovery. Putting pressure on households which are generally on the poverty line.

Non-Oil business has refused to show any growth instead it is contracting. IMF pointed this as what will lift the country out of its recession, the same IMF that gave them 12billion dollars loan o. Now the miracle sector has since refused to pick up.

Honestly, I don't agree the float is the solution to our problem as the common Egyptian man has since realised and you can check their own media for proof of how bad some things have gone.

The solution to our problem is to do what the Asian Tigers did. Already from the brexit and trump's election, you will see that western governments are now thinking more of Me against others. They are cutting ties and reducing allegiances but western media wants us to believe they want to dash us aid.

Drops Mic.

fxuser:


Nice one.
I'm very neutral on both perspectives. I hold no strong views on what will work or not.
I simply adjust to realities as they occur and change.
If the economy for some reason decides to float , i will adjust my books to be slightly bullish. (PLS i don't mean float is d answer)
If the economy maintains stauts quo , i will stay on the side of caution (the index is proof of the bleeding)
If they try some things else like ''Asia Tiger model'' , we would adjust our expectations accordingly
Our common goal here is to make good returns on investment , reduce risk and trade better for the long run.

For more on Egypt:
Egyptian pound strengthens as foreign investors return
http://af.reuters.com/article/egyptNews/idAFL5N1FU68H

Egypt's fuel subsidy bill jumps after currency float
http://af.reuters.com/article/egyptNews/idAFC6N1BK020

Remittances from expatriate Egyptians rise after pound float
http://af.reuters.com/article/egyptNews/idAFL5N1FR4EO

Egypt's foreign currency inflows rise, investors still need reassurance
http://af.reuters.com/article/egyptNews/idAFL5N1FM576

DeRuggedProf:



Recommendation:


https://www.youtube.com/watch?v=wkrbbkU9xds

Parisfran:


I'm totally with you on the fact that a change is needed rather than just remain status quo.

Generally I'm not comfortable with the conclusion that more remittance is better for the country as a whole. In reality it just ends up widening the gap between the rich and the poor. But that's a conversation for another day.

Our solution is to have a lot of economic and legislative reforms that will make trading with the Naira attractive to foreign investors. This just reminds me of FG raising USD bonds and clapping for themselves that it was over subscribed forgetting that they will payback that money in a currency they have no control over. Not to talk of the fact that most of the money will be sent back abroad by our executive thieves. Honestly this country tire me.

fxuser:


Nice one.
I'm very neutral on both perspectives. I hold no strong views on what will work or not.
I simply adjust to realities as they occur and change.
If the economy for some reason decides to float , i will adjust my books to be slightly bullish. (PLS i don't mean float is d answer)
If the economy maintains stauts quo , i will stay on the side of caution (the index is proof of the bleeding)
If they try some things else like ''Asia Tiger model'' , we would adjust our expectations accordingly
Our common goal here is to make good returns on investment , reduce risk and trade better for the long run.

For more on Egypt:
Egyptian pound strengthens as foreign investors return
http://af.reuters.com/article/egyptNews/idAFL5N1FU68H

Egypt's fuel subsidy bill jumps after currency float
http://af.reuters.com/article/egyptNews/idAFC6N1BK020

Remittances from expatriate Egyptians rise after pound float
http://af.reuters.com/article/egyptNews/idAFL5N1FR4EO

Egypt's foreign currency inflows rise, investors still need reassurance
http://af.reuters.com/article/egyptNews/idAFL5N1FM576

Parisfran:


I'm totally with you on the fact that a change is needed rather than just remain status quo.

Generally I'm not comfortable with the conclusion that more remittance is better for the country as a whole. In reality it just ends up widening the gap between the rich and the poor. But that's a conversation for another day.

Our solution is to have a lot of economic and legislative reforms that will make trading with the Naira attractive to foreign investors. This just reminds me of FG raising USD bonds and clapping for themselves that it was over subscribed forgetting that they will payback that money in a currency they have no control over. Not to talk of the fact that most of the money will be sent back abroad by our executive thieves. Honestly this country tire me.

Intendy:
http://nse.com.ng/Financial_NewsDocs/16336_SKYE_BANK_-_RESIGNATION_OF_EDS_CORPORATE_ACTIONS_FEBRUARY_2017.pdf

Parisfran:


I'm totally with you on the fact that a change is needed rather than just remain status quo.

Generally I'm not comfortable with the conclusion that more remittance is better for the country as a whole. In reality it just ends up widening the gap between the rich and the poor. But that's a conversation for another day.

Our solution is to have a lot of economic and legislative reforms that will make trading with the Naira attractive to foreign investors. This just reminds me of FG raising USD bonds and clapping for themselves that it was over subscribed forgetting that they will payback that money in a currency they have no control over. Not to talk of the fact that most of the money will be sent back abroad by our executive thieves. Honestly this country tire me.

PRD:

I was shocked as well to see them celebrating on oversubscription which seem more of a political gain than economical. If they have done their maths and felt all they needed was $1bn then what they have to play with on the table of negotiation is the rate. I would have expected the economic team to tinker with rates bringing it lower to see the reactions of the bid until they come up with a total bid close to what they went to the market for. If they came back with a $1.8hn at 4%, they would have been professionally successful and even saved the nation a lot of money in the future.

Parisfran:


I am a big admirer to your work but sadly I don't agree with you. Egypt is not better off because of the float.

Taking a look at the article.
Yes, foreign investors came in and bought tbills.
The EGX 30 has surged 55 percent
Loans and aids from imf and foreign governments increased

But on the other hand all the above doesn't do anything for the average Egyptian. Leave foreign media to portray themselves as the saviour of the world
From same article.

They floated the EGP and it hit 18/usd. However since float the thing has not fallen instead expected to rally about 7 percent.

Inflation rose fast to 25.86percent. Showing no signs of recovery. Putting pressure on households which are generally on the poverty line.

Non-Oil business has refused to show any growth instead it is contracting. IMF pointed this as what will lift the country out of its recession, the same IMF that gave them 12billion dollars loan o. Now the miracle sector has since refused to pick up.

Honestly, I don't agree the float is the solution to our problem as the common Egyptian man has since realised and you can check their own media for proof of how bad some things have gone.

The solution to our problem is to do what the Asian Tigers did. Already from the brexit and trump's election, you will see that western governments are now thinking more of Me against others. They are cutting ties and reducing allegiances but western media wants us to believe they want to dash us aid.

Drops Mic.

fxuser:
FCMB
- support line moved up luring profit takers out
-

UCap
- opened higher, pull back ongoing
- new entrants waiting


Cadbury
- break below N9

Mpeace:
Morgan capital pple just dey pull weight for ths FCMB oh. More than 2,000,000 of the bid for the stock are from morgan capital clients.

fxuser:


how can u tell !
i'm part of the guilty. kept some bids in at .24 and .25
#avgUp

OBAGADAFFI:
UACN and Flourmill just dancing up and down since morning.

OBAGADAFFI:
UACN and Flourmill just dancing up and down since morning.

Willie2015:

OBAGADAFFI:


LOL,
I think PZ seem to be bottoming out

But for UACN and Flourmill i need good Sniper to catch them in position .

Willie2015:


I only trade in financial services stocks ..... I just dey watch your stocks with long camera..

OBAGADAFFI:


I target this three stocks for good dividend payout.