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Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:45am On Jun 07, 2017 |
On my way to FLOUR MILLS NOW not dangote flour o . My followers let's make cool money not loot or what ever . So i am in FLOUR MILLS/FBNH/OANDO please . 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 9:50am On Jun 07, 2017 |
BullBearMkt: |
Re: Nigerian Stock Exchange Market Pick Alerts by soloniger(m): 9:57am On Jun 07, 2017 |
fxuser:which one are you buying, flour or sugar? |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:57am On Jun 07, 2017 |
By Babajide Komolafe
The Central Bank of Nigeria (CBN)
Monday injected $190 million into the
foreign exchange market even as the
naira remained stable at N371 per dollar
in the parallel market. Meanwhile the apex bank said that banks
can sell their excess foreign currency
trading positions to one another without
seeking its prior approval. Acting Director, Corporate
Communications department, CBN, Mr.
Isaac Okorafor confirmed the dollar
injection. He said the CBN offered the
sum of $100 million as wholesale
interventions and allocated the sum of $50 million to the Small and Medium
Enterprises (SMEs) forex window.
Customers requiring forex for Business/
Personal Travel Allowances, tuition and
medical fees, among others, got $40
million. On its part, Director, Financial Markets
Departments, Dr. Alvan Ikoku announced
the decision of the CBN to allow banks
sell their excess foreign currency trading
positions to one another. In a circular titled: Further Liberalisation
of the interbank . |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:59am On Jun 07, 2017 |
ihedioramma: When i was about taking profits for FMN. Sorry, you are coming in late. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:01am On Jun 07, 2017 |
ihedioramma: These picked are robust enough. We are making money both in the short and long run. No room for JIJO. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:04am On Jun 07, 2017 |
fxuser: The stock is not ready to go on that 'explosive' journey yet. Best decision was to enjoy the rally that went and then plow back profits to this train. Market timing is impossible but why hang in there when some other stocks couldn't wait to give of their goodies. Personally, I needed Dangsugar to move before taking position in Dangflour. When I saw the bid at N8.21 for the former, I took position at N4.30 for the latter. Hoping the market retracement won't affect significantly, else... |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:13am On Jun 07, 2017 |
soloniger: i like dangflour and flourmills too (but nice wk +ve charts) i prefer the liquidity in dang |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:15am On Jun 07, 2017 |
Manonamission: i feel you similar thots too ! lol d Dang index have a way of moving together somehow somehow . |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:15am On Jun 07, 2017 |
umm seems invest one down ! ! |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:21am On Jun 07, 2017 |
World Bank raises forecast for Nigeria’s economic growth to 1.2%: The World Bank yesterday upgraded its forecast for Nigeria’s economic growth to 1.2 per cent for 2017, citing improved oil production due to decreased militant activities. (Source: Vanguard) Comment: In line with World Bank’s projection, we expect Nigeria’s GDP growth to turn positive in 2017 given continued support from improved oil production due to reduced militants’ activities in the Niger Delta. This, in addition to pick up in manufacturing and construction sector activities on account of FX sales by the CBN and government capex spending should bode well for improved GDP performance in 2017 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:21am On Jun 07, 2017 |
fxuser: Dang Sugar breaks N9 ETI breaks N13 FBN profit taking ongoing (still long term bullish) Zenith finds support at N20 |
Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 10:28am On Jun 07, 2017 |
There is FIRE on the MOINTAIN. |
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 10:38am On Jun 07, 2017 |
fxuser: Hahaha. FBNH!!! The greed of later entries killed it. Knew this would happen. Leave once you get ur target profit. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:42am On Jun 07, 2017 |
sellydion:ONE LOVE . JAH BLESS . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 10:44am On Jun 07, 2017 |
oga fx, pls whats ur take on forte oil..... |
Re: Nigerian Stock Exchange Market Pick Alerts by feelaaG: 10:44am On Jun 07, 2017 |
STNWAUME: Loads of panic sellers everywhere... |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:49am On Jun 07, 2017 |
OBAGADAFFI:As you think, you may bought below #20 and your profit is not upto #10 now and you are out BUT i will make more than #20+, get interm diviidend and last dividend this year |
Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 10:53am On Jun 07, 2017 |
feelaaG: The DREAM is OVER..... |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 10:57am On Jun 07, 2017 |
STNWAUME:...COMMON!!! Keep your dream alive! It's given you ample opportunity to buy at a lower price |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 11:01am On Jun 07, 2017 |
Meritrade having issues since yesterday,? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:04am On Jun 07, 2017 |
STNWAUME:your dream or mine? God forbid,my dream is contineous. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 11:11am On Jun 07, 2017 |
Coolcash1: Flesh and blood did not reveal this to you. This is a spiritual revelation. Be decieving people while you mop up at 4.40. I am seeing your handwork. Later you come and tell us cock and bull story of how you quickly mopped up this morning when you saw the prospect last week. |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 11:12am On Jun 07, 2017 |
That moment when you buy fidelity @ 1.42 thinking its heading KM 2 only to see it trading @1.23 with @ possibility of it trading lower 24hrs later. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 11:14am On Jun 07, 2017 |
locodemy: A bird at hand is worth 2million in the bush so keep dreaming |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:15am On Jun 07, 2017 |
freeman67: They are pursueing fcmb come enter gutter.They better live fcmb alone make it go ahead of them o. hahaha..............na joke ooooooooo.....All are heading to KM2.Market does not go on a straight line.The bull has to drink water. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:15am On Jun 07, 2017 |
ihedioramma: I have been collecting FMN dividend for the past years and i won't miss the one for this year. |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 11:20am On Jun 07, 2017 |
jideflash: Yeah, their site is all messed up. Though, I expect it to be up shortly. For new orders, send email to "contact@meristemng.com." 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 11:23am On Jun 07, 2017 |
freeman67: |
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 11:29am On Jun 07, 2017 |
Coolcash1: Dangote Flour Mills: Operators weigh impact of divestment on shareholders By Nkiruka Nnorom THE divestment of Dangote FlourMill Plc from its noodles business will result in more value accretion to its shareholders, operators in the Nigerian capital market have said. According to them, selling the noodles business will allow the company to concentrate on the pasta and flour businesses where it has efficiency and competitive advantage. Dangote Flourmills had said last week it has sold its noodles business to Dufil Prima Foods Plc, makers of the Indomie Noodles. The company said it took the decision after a regular portfolio review revealed that Dangote Noodles was not strategic to its vision. According to the company, the divestment was part of strategies of focusing on core areas of flour and pasta production where the company has substantial market share. With the divestment, Dangote Flour will now focus on its strengths in flour and pasta and become more profitable by improving in areas of quality, distribution and marketing. Financial Vanguard analysis of the income stream of the company showed that the noodles business represents only a minute portion of the company’s operation. In the year ended December 31, 2016, it contributed only N8.14 billion, representing 7.7 per cent to the company’s total revenue for the year. Dangote FlourMills raked in N105.77 billion in 2016. According to Tola Odukoya, the Chief Executive Officer of FSL Asset Management, shareholders will still get value since the company would rake in more money from the sale. “Based on whatever due diligence they must have done, they are letting go of a division of their business that they believe they cannot make more efficient now under their own management,” he said. Odukoya noted that based on the greater efficiency they will get from the divestment by concentrating only on the flour and pasta business, shareholders will still get more value at the end of the day. “By the divestment, they are simply saying that in terms of noodles business, they do not have the competency and efficiency to run the business and rather than using shareholders fund to continue to run the business, let us sell it to somebody who can do it better and get value for it, which means that shareholders’ value has increased in that regard.” Johnson Chukwu, Managing Director/CEO, Cowry Asset Management Limited, said: “If a company is divesting, two may happen. One is that the company can pay special dividend to its shareholders from the proceeds of the divestment and it can also decide to reinvest the proceeds of that divestment into its operation to drive its core business. “If the company decides to reinvest the proceeds of the business and that reinvestment leads to higher profitability from its core business, then we will see an improvement in the stock price, but if in the alternative, the proceeds of the divestment will be shared to the shareholders as special dividend, then you are going to see a downward correction in the stock price of Dangote FlourMill share price.” Link: http://www.vanguardngr.com/2017/04/dangote-flour-mills-operators-weigh-impact-divestment-shareholders/ 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by EduC(m): 11:31am On Jun 07, 2017 |
freeman67: Aren't you guys seeing a reversal? Don't sell off your stocks. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:31am On Jun 07, 2017 |
swilo: Live chat is available as well |
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