PETERiCHY:
While some of us are patiently waiting for both Fidelitybk and Diamondbk @t their normal 80kobo junction,

Alot of manipulations is taking place so drive carefully because MANY have GONE.

*ThE OcToPuS*

I don laugh tire...

FO I see u

jinnyz:
Please can someone recommend a good stock broker that their charges are quite competitive. I think EDC Securities is on the high side, they charge about 1.73% when you buy and almost 2% on sales.

Pls can someone answer me!!!

https://brandspurng.com/banks-remove-1-2b-9mobile-debt-from-books/

Diamond the only serious bank not exposed to this one.
As for fbnh, any tale of bad lending without its mention is fake news.

jinnyz:


Pls can someone answer me!!!

The charges are almost the same for most stockbrokers.
Morgan is the only exemption i know.

stcool:


I don laugh tire...

FO I see u

Nothing to be surprised about FO is simply heading back to where it came from N8.

The era of oil is dead and buried, those in OANDO should be ready for share reconstruction.

*ThE OcToPuS*

PETERiCHY:


Nothing to be surprised about FO is simply heading back to where it came from N8.

The era of oil is dead and buried, those in OANDO should be ready for share reconstruction.

*ThE OcToPuS*

Our bearish commentator doing a great job...

No market direction is exempted from gathering momentum.
Be vigilant.

https://www.nairaland.com/3991134/diamond-bank-replies-nigerian-guy#59516468

Has he not earned the Diamond Extra Salary4Life?

pluto09:


I am in the market today for fidelity
Will like to buy at 1.26 and below.

crowds gather at d support levels

DeRuggedProf:
No market direction is exempted from gathering momentum.
Be vigilant.

1Peter 5:8
replace D wt Bear

fxuser:


I'm interested in Diamond at N1.18 and below

what of transcorp

Dealing with a pull back
- prices must retrace , its normal
- a retrace is not a reversal , learn to differentiate
- no likes to see paper profit disappear (don't work ur self up, it happens)
- wen paper profits become paper loss it causes emotional discomfort (deal with it early on)
- if u are hating ur position, reduce it, if u still dont like d position , keep reducing it
- if your plan was to hold forever , den u shud not be looking at prices
- fret not ! pull backs dont go on forever , however they provide great entries
- remain patient

fxuser:
Dealing with a pull back
- prices must retrace , its normal
- a retrace is not a reversal , learn to differentiate
- no likes to see paper profit disappear (don't work ur self up, it happens)
- wen paper profits become paper loss it causes emotional discomfort (deal with it early on)
- if u are hating ur position, reduce it, if u still dont like d position , keep reducing it
- if your plan was to hold forever , den u shud not be looking at prices
- fret not ! pull backs dont go on forever , however they provide great entries
- remain patient

How I wish we will be able to administer this in form of a tablet or injection...

swilo:


what of transcorp

lets observe at 1.26

DeRuggedProf:


How I wish we will be able to administer this in form of a tablet or injection...

i wud prefer a dose with orijin bitters

fxuser:
Dealing with a pull back
- prices must retrace , its normal
- a retrace is not a reversal , learn to differentiate
- no likes to see paper profit disappear (don't work ur self up, it happens)
- wen paper profits become paper loss it causes emotional discomfort (deal with it early on)
- if u are hating ur position, reduce it, if u still dont like d position , keep reducing it
- if your plan was to hold forever , den u shud not be looking at prices
- fret not ! pull backs dont go on forever , however they provide great entries
- remain patient

fxuser:
Dealing with a pull back
- prices must retrace , its normal
- a retrace is not a reversal , learn to differentiate
- no likes to see paper profit disappear (don't work ur self up, it happens)
- wen paper profits become paper loss it causes emotional discomfort (deal with it early on)
- if u are hating ur position, reduce it, if u still dont like d position , keep reducing it
- if your plan was to hold forever , den u shud not be looking at prices
- fret not ! pull backs dont go on forever , however they provide great entries
- remain patient

Hello Chief

i guess your above comments speaks to the chart in link below (also by you some few weeks back)

are we to take it that the "retracement" had turn to "reversal" if the 36000 level is broken?

https://tvc-invdn-com.akamaized.net/data/tvc_77eb8632382a8c9d9729dee4fb7b3d16.png

N.B i had not seen anything from the fundamental side (macro economy) which indicates that the drivers of recent rally had failed or is failing, just want to feel what the technical side is indicating

Zee still going down

please when will zenith and UBA declare dividend for second quarter?
through out this year , I've only received dividend once. not cool

[quote author=robobo post=59528190]
ps:
update may not be clear , will adjust and re-post later.
sorry about that

What we are witnessing now is known as SCHOOL FEES BEARS.

It normally show between AUGUST 15th and SEPTEMBER 15th of every year.

It's the most dangerous species of BEARS, So better don't dare it.

[quote author=fxuser post=59528569][/quote]

ok i wld expect

school fees bears indeed

[quote author=fxuser post=59528569][/quote]

Dangflour below 6.00, is that a good entry point?
@ fxuser, @Deruggedprof, all please help a newbie

Jeez2:
Dangflour below 6.00, is that a good entry point?
@ fxuser, @Deruggedprof, all please help a newbie

Wait for stability...

fxuser:

.




thank you boss

u confirmed what i am looking at

which is that a break below 36000 wld b steep (32000) so it wld b better to get out of the market if that happens

as for the 4 weeks break (if 36k is not broken) i think that also speak to the fundamental side (macro economy). i think it shld be more like min of 4 weeks max of 8 weeks which wld tie in with 3rd quarter result / positioning for end year result/ MSCI final decision on Nigeria reclassification/ getting out of recession / and possibly unification of fx rate (if the fuel importation imbroglio can be resolved).

once again thank you i appreciate

Danfla !

Dangote to sell N200b shares in block divestment

Posted By: Taofik Salako On: August 16, 2017 In: Business
0
Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement.

DIL is owned by Africa’s richest man, Alhaji Aliko Dangote, with over 90 per cent majority equity in Dangote Cement, Nigeria’s most capitalised company.

A document obtained by The Nation showed that Dangote Cement has secured regulatory approval for block divestment of 852.03 million ordinary shares of 50 kobo each. Dangote Cement opened yesterday at N235 per share at the Nigerian Stock Exchange (NSE). The block divestment represents 5.0 per cent of the issued share capital of Dangote Cement.

Dangote Cement’s issued share capital consists of 17.041 billion ordinary shares, which were valued at N4.004 trillion at the opening of the stock market yesterday. Dangote Cement accounts for more than 30 per cent of the total market capitalisation of quoted equities.



A source in the know said the DIL plans to undertake the block sale in tranches and the recent sale of 416 million ordinary shares was the first tranche of the N200 billion divestment. About 2.44 per cent equity stake in Dangote Cement was swapped under pre-arranged transactions earlier this month. A report on the transactions indicated that six deals were struck for the transfer of 416 million ordinary shares of 50 kobo each at a below-the-market price of N210.

The deals, according to the report, were done through the off-market, negotiated cross deals window of the Exchange and as such was not subjected to the dynamics of price discovery for the particular period. Off-market trade implied that the deal was sealed outside the floor of the NSE.

The negotiated cross deal platform of the Exchange is a special-purpose trading platform that is meant for voluminous transaction. By the cross deal, it implies that the buyer and the seller had been prearranged and the transfer at the stock market was a mere perfection of the agreement between the two. The negotiated cross deal allows the parties to the deal to close the deal at reduced cost.

While the details of the new major investor are still unknown, Meristem Stockbrokers Ltd sold the shares to Stanbic IBTC Stockbrokers Ltd, both stockbroking firms obviously acting on behalf of third party investors.

Stanbic IBTC Stockbrokers is a subsidiary of Stanbic IBTC Holdings, a member of South Africa’s Standard Bank Group. Stanbic IBTC is known to act on behalf of foreign portfolio investors.

South African government had in June 2013 bought into Dangote Cement. The South Africa’s government, through its wholly owned investment company, Public Investment Corporation of South Africa (PIC), had acquired 1.5 per cent equity stake in the Nigerian cement group to emerge the second largest equity investor.

A reliable source said the block divestment might not be unconnected with a regulatory requirement to free more shares of the cement company for ownership and trading by minority investors.

All companies listed on the NSE are required to have a certain minimum percentage of their shares in the hand of the general investing public, otherwise known as free float or public float.

Free float refers to the number of shares of a quoted company held by ordinary shareholders other than those directly or indirectly held by its parent, subsidiary or associate companies or any subsidiaries or associates of its parent company; its directors who are holding office as directors of the entity and their close family members and any single individual or institutional shareholder holding a statutorily significant stake, which is 5.0 per cent and above in Nigeria.

Thus, free float’s shares do not include shares held directly or indirectly by any officer, director, controlling shareholder or other concentrated, affiliated or family holdings.

Stock markets maintain minimum public float to prevent undue concentration of securities in the hands of the core investors and related interests, a situation that can make the stock to be susceptible to price manipulation. Besides, it provides the general investing public with opportunity to reasonably partake in the wealth creation by private enterprises.

Companies listed on the Exchange are required to maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market in their securities. The free float requirement for companies on the premium and main boards is 20 per cent while companies on the third tier board, otherwise known as Alternative Securities Market (ASEM) are required to have 15 per cent free float. Dangote Cement is listed on the premium board of the Exchange. Meanwhile, the NSE allows a minimum free float valued at N40 billion for large-cap companies on the premium board.

Failure by any company under free float deficiency to restructure its share capital at the expiration of the deadline usually issued by the Exchange or secure extension of the deadline may lead to delisting of its shares from the NSE.


http://thenationonlineng.net/dangote-sell-n200b-shares-block-divestment/

Good afternoon all. I have learnt a lot about investing by Robert Kiyosaki and Warren Buffet. But my problem has been applying the things I have learnt in the local Nigeria context. I have been unable to get good historical information (like what you have on MSN money) that will help in making good investment decisions.

I also wish to know the good stock brokers available here and if registration and investment can be done solely online. Thanks

PETERiCHY:
What we are witnessing now is known as SCHOOL FEES BEARS.

It normally show between AUGUST 15th and SEPTEMBER 15th of every year.

It's the most dangerous species of BEARS, So better don't dare it.