fxuser:
FO
- is this the bottom ??
- looking at the FO weekly chart, current SP level used to be a major resistance in 2010
- hence the reason for a support ! will it hold ? that another question for another day
- back to 2010 , FO got failed to cross this same level and was rejected multiple times. This led to a bear run which saw SP drop to below N10 by 2012
- By 2013, (macd crossed zero line) a bull run started , SP had jumped above N30 , took a break rallied above N200 by 2014
- It looked like magic , wish i knew TA then lol..(pple where still asking questions)
- FO kept within a range btw 2014 -to late 2015, oscillating btw 150 - 200 and then rallied to an all time high by 2016 hitting above N340
- Since then its been on a corrective path.
- The correction has taken back a 3 year gain in just 1 year ! #wicked
- MACD on d weekly dropped to all time lows

IMO
- This stock knows how to rally and how to fall ! You don't want to bet against its major trend


#justObserving

PETERiCHY:


https://www.businessdayonline.com/update-1-world-bank-lists-conditions-release-1bn-funding-nigerias-power-sector/

Nigeria would need to enforce corporate governance from power sector operators, make a definite policy statement on tariff, see to market discipline and develop a coherent strategy to resolve militancy, to secure the $1 billion funding it seeks for the power sector from the World Bank.

These conditions, among others, form the basis of the action plan developed by the Federal Ministry of Power, Works and Housing (FMoPWH) in the Power Sector Recovery Implementation Programme (PSRIP) recently approved by the Federal Government, seen by BusinessDay.

In an earlier report, BusinessDay stated that the Federal Government plans to raise $7.6 billion through the sale of NIPPs ($2.1 billion), World Bank ($1 billion) and AfDB ($1 billion) loans.

The Federal Government would also make budgetary allocations for $3.5 billion within five years, to pay its share in the cost required to fix power.

The World Bank Group says the boards of the Nigerian Bulk Electricity Trader (NBET), Transmission Commission of Nigeria (TCN), Nigeria Electricity Liability Management Company (NELMCO), Niger Delta Power Holding Company Limited (NDPHC), Rural Electrification Agency (REA) and Bureau of Public Enterprises (BPE) must be appointed.

They also demand the appointment of BPE professional directors on electricity distribution companies (DisCo) boards.

On tariffs, the lenders demand that the Federal Ministry of Power issue a policy statement on cost-reflective tariff, or subsidy path endorsed by the Federal Ministry of Finance, (FMoF).

They are also calling on the government to update Multi-Year Tariff Order (MYTO) methodology and make it consistent with policy, as well as carry out a review, in line with the MYTO review schedule.

Other conditions listed, are that the budget contain provision for approved MDA debts, put in place institutional arrangements for oversight, implementation and monitoring of the PSRIP, implement approved actions to reduce gas pipeline vandalism and communicate strategy appropriately.

Others are the conduct of legal review of sector contracts including Performance Agreements, Vesting Contracts and PPAs, to facilitate hitch-free contract activation, review by BPE/NERC of Disco investment/performance improvement plans, as well as the timing of projects in preparation, and issuance of policy for competitive procurement.

The World Bank funding would be applied in support of loss reduction, procurement of meters, rural electrification initiatives, financing programmes for TCN priority programmes, solar projects and investments in electricity generation.

According to the PSRIP, the government has commenced action on some of these conditions, after developing an action plan with clearly defined roles and responsibilities, action items and target dates for delivery for operators, regulators, government ministries, departments and agencies and the Office of the Vice President.

The Federal Government is carrying out a financial analysis of DisCos and GenCos, working on DisCo recapitalisation plan, verifying MDA’s debts and quantifying potential private sector investments.

The FG is also developing and implementing measures to enforce market discipline, mapping out infrastructure gap analysis among operators across the value chain, legal review of market contracts and privatisation agreements, developing a standard template for reporting and monitoring MDA PSRIP tasks and creating a communications strategy.

The action plan seen by BusinessDay, runs from March 22 to July 31, 2017 and ongoing activities indicate that the FMoPWH is trying to tackle the core issues while working on the quick wins.

“Gas production has increased 30% since the VP’s visit to the region in November 2016. The VP’s visit was the first of the FGN’s five-pronged strategy of active engagement in the Niger Delta to curb gas pipeline vandalism,” says the PSRIP.

DeRuggedProf:



Nice one from you.

locodemy:


when someone's portfolio is in RED,it makes people to hate every stock but when in GREEN or signs of GREEN,it makes people to reason well.Transcorp is now on track,our brother peter is now a born again.No more USD say USD no say.

fxuser:
FO
- is this the bottom ??
- looking at the FO weekly chart, current SP level used to be a major resistance in 2010
- hence the reason for a support ! will it hold ? that another question for another day
- back to 2010 , FO got failed to cross this same level and was rejected multiple times. This led to a bear run which saw SP drop to below N10 by 2012
- By 2013, (macd crossed zero line) a bull run started , SP had jumped above N30 , took a break rallied above N200 by 2014
- It looked like magic , wish i knew TA then lol..(pple where still asking questions)
- FO kept within a range btw 2014 -to late 2015, oscillating btw 150 - 200 and then rallied to an all time high by 2016 hitting above N340
- Since then its been on a corrective path.
- The correction has taken back a 3 year gain in just 1 year ! #wicked
- MACD on d weekly dropped to all time lows

IMO
- This stock knows how to rally and how to fall ! You don't want to bet against its major trend


#justObserving

wamiikechukwu:




thanks a lot i really really appreciate your help

but I wish to know about stock brokerage company in Nigeria?
do they offer an online platform where you can trade, place order and do analysis on the market?

DeRuggedProf:



This easter period can resurrect anything that had no life before....

TRANSCORPSE's GRAVE IS SHAKING TECHNICALLY...

BullBearMkt:

...I beg to disagree DeRuggedProf. Technically, Daily price chart for Transcorp is bullish and its weekly is attracting lot of accumulation from its seemingly bearish status. Could be one of the stocks that "This easter period can resurrect..."

Hayyee2002:
My people, abeg after a long break hibernating away the fierceful bear that gripped the market in the past few months. I suddenly noticed how Fidelity has hopped to over 1naira region.

Can someone help with factor behind it's jet-like propulsion?

Also any analysis on it's coming Q1 results ?

I get good stake in ds stock

Thanks all

DeRuggedProf:


@BullBearMkt,
- Happy Easter.
- We are saying the same thing.
- This grave is supposed to be quiet, but it is SHAKING (CHART is cool) to resurrect this LAZARUS....
- That means something is alive behind the rock...

DeRuggedProf:



...and when it starts blasting NORTH, it does so with ALL PASSENGER DOORS CLOSED and its BUS STOPS are MOONS APART...
A rose full of thorns...

BullBearMkt:

...Happy Easter!!!

currentprice:


bro do you trade foreign stock?

BullBearMkt:

Yes. NYSE, NASDAQ and LSE...

currentprice:


i guess as mush,,,, u be the trader i knew then

u based in netherland before right

BullBearMkt:

...though I've been to Netherlands few times, but not my base

agisky1975:
Is the result Good, Bad or Ugly?

Raider76:


https://leadership.ng/news/581567/forte-oil-boosts-profit-by-97-5-in-q1-2017

agisky1975:
Thanks, really appreciate

agisky1975:
Is the result Good, Bad or Ugly?

debeey87:
They gave an impressive FY16 result at least in terms of their loan book compared to their counterparts in the same tier plus a dividend high enough for the price at which it was when the result was released.

Manonamission:
http://nse.com.ng/Financial_NewsDocs/PRESCO%20PLC%20DEC%202016.pdf

Div: N1.50