Mpeace:
NSE is highly manipulated. The support is what the manipulators(mm) say it is. Me think they will not let it go lower than 1.65

STOCK TRADING doesnt work that way. the 12% profit you made from NSE within 2wks is equivalent to NTB interest rate for 364days tenor that's a whooping (52wks)

So first and foremost give yourself a TREAT and take TIME to STRATAGISE else you are bound to lose that profit and part of your capital because the MARKET is UNFORGIVING.

For NOW alot of HUNGRY BEARS has laid ambush. the next sweet spot my crystal ball is showing for TRANSCORP is buying @circaN1:45 and selling @circa #1:60.

NSE is a DANGEROUS terrain if you CAN'T take the HEAT better stay off the KITCHEN.

*ThE OcToPuS*

currentprice:


@ loco how mkt ?

compare this with japaul and decide which risk worth taken

Is Japaul Q1 result out?
I cant compare the numbers in japaul to the one of cileasing.
Japaul has no number but can give me a better returns than cileasing.
There is no good report in Japaul except that money is sighted there hence the foreign investor is interested in the company.

Good morning bro.

locodemy:


Is Japaul Q1 result out?
I cant compare the numbers in japaul to the one of cileasing.
Japaul has no number but can give me a better returns than cileasing.
There is no good report in Japaul except that money is sighted there hence the foreign investor is interested in the company.

Good morning bro.

Why are you soliloquising?

locodemy:


Is Japaul Q1 result out?
I cant compare the numbers in japaul to the one of cileasing.
Japaul has no number but can give me a better returns than cileasing.
There is no good report in Japaul except that money is sighted there hence the foreign investor is interested in the company.

Good morning bro.

PETERiCHY:


STOCK TRADING doesnt work that way. the 12% profit you made from NSE within 2wks is equivalent to NTB interest rate for 364days tenor that's a whooping (52wks)

So first and foremost give yourself a TREAT and take TIME to STRATAGISE else you are bound to lose that profit and part of your capital because the MARKET is UNFORGIVING.

For NOW alot of HUNGRY BEARS has laid ambush. the next sweet spot my crystal ball is showing for TRANSCORP is buying @circaN1:45 and selling @circa #1:60.

NSE is a DANGEROUS terrain if you CAN'T take the HEAT better stay off the KITCHEN.

*ThE OcToPuS*

My brother the type of bear I see on NSE fear me oh. I doubt if it is not connected with the recent political events and impeachment news.

Agbalowomeri:

Why are you soliloquising?

eeeeeh pls simplify the grammar abeg u.

locodemy:


Is Japaul Q1 result out?
I cant compare the numbers in japaul to the one of cileasing.
Japaul has no number but can give me a better returns than cileasing.
There is no good report in Japaul except that money is sighted there hence the foreign investor is interested in the company.

Good morning bro.

good luck bro

DOLLARTEX:
HE said he was going,allow him to go now.

The guy is just a fanatic and members would do well to ignore his ignorance.

currentprice:

good luck bro

Thank you. I hope you discovered custodian?

currentprice:


@ loco how mkt ?

compare this with japaul and decide which risk worth taken

Still doing Full Bid.

stockish:
You too should make sure you don't talk about women, romance, etc here. Generation of sodomy, and vipers.

lol ,so you even have a lot of monikers on this platform and you called yourself a christian

dominique:


He has, we hope he doesn't derail the thread again when he returns

@dominique.......Banning veecovee and leaving the second moniker stockish will not help us here.
kindly do the needful lets just be free from this religion of a thing

I remember those days,far far back,cp will just talk to a stock and it will start this movement!cp wetin happen? wetin you touch?make friend with mr time?

DOLLARTEX:
I remember those days,far far back,cp will just talk to a stock and it will start this movement!cp wetin happen? wetin you touch?make friend with mr time?

They collected the magic wand from him and gave him a bell. He is now our official bell ringer. Lol
Cp #jokes #nostonesintended

DOLLARTEX:
I remember those days,far far back,cp will just talk to a stock and it will start this movement!cp wetin happen? wetin you touch?make friend with mr time?

my ogas don hold him for gborokos.

Mpeace:
They collected the magic wond from him and gave him a bell. He is now our official bell ringer. Lol
Cp #jokes #nostonesintended

Chai,you don mean it,lol

locodemy:

my ogas don hold him for gborokos.

No be small thing o!

DOLLARTEX:
Chai,you don mean it,lol

The magic wand is now with agba. But he knows not how to use it.

Mkt
- buses cant go far on low fuel
- dilly dallying

ETI
- in TA terms its called a weekly breakout

Mpeace:
I didn't oh. Just made 12%. But I will re-enter today and sit for my remaining 10%.

I wouldnt advice you enter on friday. I noticed the market comes with fresh sentiments on mondays.

So ill play safe by waiting to see what mon has to offer

Transcorp

Patiently waiting.

May/june bull should be around the corner

Perfect timing is necessary

Following historical charts

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/21992_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

why all of a sudden this guys now have huge foreign exchange gains, when they are not banks.......

cc current price

maishai:


why all of a sudden this guys now have huge foreign exchange gains, when they are not banks.......

cc current price

The number of commercial transactions that are now denominated in foreign easily convertible currencies, especially the US Dollar, has astronomically increased in the last decade. ...mostly due to the benefit of retaining earnings in US Dollars, as opposed to the Naira, which is the national currency in Nigeria. One of such opportunity is the benefit of quick arbitrage that comes with shorting the system with a view to making some gains from FX differential. ...and since the managers of companies are increasingly becoming smarter/wiser, they've sought some of these means in their many quest to explore several channels to increase their earnings.

From the little I know, the International Financial Reporting Standards (...I think IFRS IAS 21) requires a foreign currency transaction to be recorded, on its initial recognition, in the functional or national currency of the concerned company, applying the spot FX rate at the date of the transaction.
IFRS IAS 20 goes further to require that at the end of each reporting accounting year-end, the foreign currency monetary items are required to be converted into the functional or national currency using the closing FX rate for the currency of the transaction.

Again, any resulting exchange rate difference (ie the FX rate at the date of the transaction and the FX rate at the close of the transaction) whether a profit or a loss, are required to be recognized in the Accounting Books of the company at the date when they each arise. ...and where the transaction is a continuing one, IFRS requires such investment to be initially recognized under Other Comprehensive Income before been reclassified to the profit or loss position on the disposal/completion of the transaction or investment.

In summary, assets and liabilities are required to be translated and booked at the FX rate, at the end of the accounting period of each transaction. ...Income and expenses are required to be translated at the FX rate existing on the dates of each of these events. And lastly, FX rate differences are recognized under Other Comprehensive Income and subsequently reclassified to the Profit and Loss Account on the disposal or completion of the FX related transaction.

Hope this helps.

Regards.

Mpeace:
My brother the type of bear I see on NSE fear me oh. I doubt if it is not connected with the recent political events and impeachment news.

Really...its like the shares i am interested in no dey experience this bear. May bears fall on them.

Hi onegentleguy,

What is your day job? Are you a stockbroker/investment banker?

onegentleguy:


The number of commercial transactions that are now denominated in foreign easily convertible currencies, especially the US Dollar, has astronomically increased in the last decade. ...mostly due to the benefit of retaining earnings in US Dollars, as opposed to the Naira, which is the national currency in Nigeria. One of such opportunity is the benefit of quick arbitrage that comes with shorting the system with a view to making some gains from FX differential. ...and since the managers of companies are increasingly becoming smarter/wiser, they've sought some of these means in their many quest to explore several channels to increase their earnings.

Again the International Financial Reporting Standards (...I think IFRS IAS 21) requires a foreign currency transaction to be recorded, on its initial recognition, in the functional or national currency of the concerned company, applying the spot FX rate at the date of the transaction.
IFRS IAS 20 goes further to require that at the end of each reporting accounting year-end, the foreign currency monetary items are required to be converted into the functional or national currency using the closing FX rate for the currency of the transaction.

Any resulting exchange rate difference (ie the FX rate at the date of the transaction and the FX rate at the close of the transaction) whether a profit or a loss, are required to be recognized in the Accounting Books of the company at the date when they each arise. ...and where the transaction is a continuing one, IFRS requires such investment to be initially recognized under Other Comprehensive Income and reclassified to a profit or loss position on the disposal or completion of the transaction or investment.

In summary, assets and liabilities are required to be translated and booked at the FX rate, at the end of the accounting period of each transaction. ...Income and expenses are required to be translated at the FX rate existing on the dates of each of these events. And lastly, FX rate differences are recognized under Other Comprehensive Income and subsequently reclassified to the Profit and Loss Account on the disposal or completion of the FX related transaction.

Hope this helps.

Regards.