mendes911:

Japaul

http://www.nse.com.ng/Financial_NewsDocs/23215_JAPAUL_-_HALF-YEAR_JUNE_2018_FINANCIAL_STATEMENTS_JULY_2018.pdf

No surprises. Just as expected.

My eyes just dey see double here, na negative equity or na wetin

TLAX:

BelowExpectation

Nagode

TLAX:


This is called Proprietary Trading.

You don't need get any broker/dealer licence from SEC/NSE or any agency for that matter. Just open an account with brokers that can give you online access to trade your accounts. Many abound and have been mentioned here several times.

I think he means trading with his own engine, and avoiding brokerage fees.

In my opinion,

A dealing member license should cut it. It should be easier to get than a broker dealer license too.

Uncle Agba, how's you're trap doing? Looks like you'll have to reset it at some higher junctions. FCMB is back to #2.

I know that cutix will double their earnings for them to confidently pay out such a handsome dividend. thumbs up to them. the only indigenous company paying dividend consistently for 20years through thick and thin no be beans.. most of their contemporaries from the second tier listing has withered away.this team of managers has proved themselves to be first class and honest to some extent

awesomeJ:


I think he means trading with his own engine, and avoiding brokerage fees.

In my opinion,

A dealing member license should cut it. It should be easier to get than a broker dealer license too.

Uncle Agba, how's you're trap doing? Looks like you'll have to reset it at some higher junctions. FCMB is back to #2.

They are all coming home to roost

Greetings from IchimokuPilot

Agbalowomeri:
Greetings from IchimokuPilot

lollx
u've gone TA gaga

above the kumo is where all d good things happen !

fxuser:
lollx
u've gone TA gaga above the kumo is where all d good things happen !

Lol. Agba just dey pretend ni o. Na expert he be.

Mcy56:


Lol. Agba just dey pretend ni o. Na expert he be.

Lol
Expert ko, Expatriate ni

yom2:
I know that cutix will double their earnings for them to confidently pay out such a handsome dividend. thumbs up to them. the only indigenous company paying dividend consistently for 20years through thick and thin no be beans.. most of their contemporaries from the second tier listing has withered away.this team of managers has proved themselves to be first class and honest to some extent

I wish the 2 people here that spot this stock are still there.. lol they ran out before all this goodies started flowing in..
fear
Tho they made something sha

currentprice:

welldone oga wanaj0
it always pay at the end to listen when elders are talking

what do you mean sire ?

mendes911:
Honeywell.

http://www.nse.com.ng/Financial_NewsDocs/23184_HONEYWELL_FLOUR_MILL_PLC_FINANCIAL_STATEMENTS_JULY_2018.pdf

Shakabula....... And we were complaining about DBN.

And I have plenty holdings in Honeywell o

FOOD 4 THOUGHT

The Chairman of Zenith Bank Plc, Mr. Jim Ovia, has advised budding entrepreneurs not to be dissuaded by whatever challenges they might be facing presently, just as he narrated how he founded a bank with N20 million in 1990, despite the uncertain business environment during the military era.
Speaking in an interview on Bloomberg TV at the weekend, about his new book, ‘Africa Rise And Shine: How a Nigerian Entrepreneur from Humble Beginnings Grew a Business to $16 billion,’ he urged entrepreneurs to be responsive to opportunities lurking around.
Specifically, Ovia advised foreign investors not to be deterred by negative news and commentaries about Africa.

He explained: “We started the business with N20 million at an exchange rate of N5 to a dollar. So, we actually started the business with $4 million in 1990, and it has now blossomed.
“We now have a total asset base of $16 billion. If you look at the arithmetic, there have been over 1000 per cent growth. You can’t get that anywhere.

Even in the best economies in the world, you are not going to get that type of benefit. “So, that is the kind of risk entrepreneurs, businesses or international investors must take in Nigeria or any other African country and reap tremendously in terms of quantum growth in their business.”
According to him, just as he saw opportunities in the banking sector at the time Zenith Bank was set up, there were other opportunities that some other persons had in other industries.

“It was a matter of time and chance,” he insisted.
“Time and chance at that time because at that time, many people were scared to invest in Nigeria. We are talking about late 80s and to be precise, in 1990, many international investors were scared to invest, simply because we were under military rule.

“So, you could imagine the tremendous opportunities that existed in Nigeria and some other African countries, but because we were indigenous people, we knew that, that meant nothing.
“We had lived through that and we knew it doesn’t really affect the economy tremendously. Definitely, it was a matter of understanding what you do, because the corporate governance issue had improved significantly,” he said.

“So, we were able to invest at a time when international investors were terribly scared to invest. But we were patient and we waited very patiently to reap the benefits,” Ovia said.

The Zenith Bank chairman ruled out political uncertainty as a factor responsible for the downturn in the Nigerian Stock Exchange (NSE).

Ovia attributed the uninspiring performance of the NSE in recent time to the normalisation of interest rates in the United States and some other developed market.

“The capital market in Nigeria mimics the international environment also. Nigeria is not an isolated country. It is a country where we have international investors and interest rate is rising in the United States of America.

“Of course, there is capital flow to the US economy and that has absolutely nothing to do with politics.

“You will see that the that the capital markets in some other jurisdictions are also beginning to drop, just because interest rate is expected to rise in the US and other well-developed economies and that is what is affecting it. It is the same audience, its same market international market,” he explained.

https://www.google.ae/amp/s/www.thisdaylive.com/index.php/2018/07/30/ovia-recounts-how-zenith-bank-was-established-with-n20m/amp/

FOOD 4 THOUGHT.

Days before rubbing elbows with global business titans in Davos in January, Arif Naqvi set out to charm another circle of friends—Gulf Arab tycoons—in a last-ditch attempt to save his Dubai private equity firm.

But things were already on the cusp of spiraling out of control. Dogged by allegations Abraaj had mismanaged investors’ money, Dubai’s star financier soon couldn’t pay the rent.

After Naqvi, 58, surrendered control of Abraaj in June, it was revealed that for years, its main revenues didn’t cover operating costs. Abraaj borrowed to fill the gaps and now owes creditors over $1 billion. Once lenders turned off the taps, the firm collapsed, leaving losses, lawsuits and shattered reputations in its wake.

Abraaj’s reliance on multiple levels of leverage created a “highly unstable” business model that’s unusual for the private-equity industry, the court-appointed liquidators that are dismantling the firm said in a report dated July 11 and seen by Bloomberg.

Abraaj’s spectacular demise has dealt a severe blow to Dubai’s reputation as a global financial center. It rattled the trust of investors who included Bill Gates, the International Finance Corp. and U.S. and U.K. government agencies, triggered defaults on loans from at least 10 sources and set off lawsuits in the United Arab Emirates and Turkey.

The chronology of the collapse, drawn from conversations with about a dozen people with direct knowledge of the company, lays out how rapidly things fell apart for Naqvi, the suave Pakistani entrepreneur who built Abraaj from the ground up in the past 16 years only to see it crumble in under 10 months.

A fixture at the annual World Economic Forum in Davos, Naqvi had crafted Abraaj’s image as the face of Middle East private equity. Starting with $3 million of capital and $60 million of assets under management in 2002, it grew by leaps and bounds. At one point it managed almost $14 billion of assets for investors like the Bill & Melinda Gates Foundation and the retirement fund for teachers in the state of Texas.

Abraaj oversaw funds from 18 offices in emerging markets spanning Latin America, Africa and Asia—a network that several U.S. investors have since tried to buy at fire-sale prices.

Former employees said Naqvi did everything he could to portray Abraaj as a powerhouse. He lavished staff with big salaries, had generous budgets for travel and leased a private corporate jet. He sponsored events like Abraaj Week, an annual business conference that featured gala dinners at Dubai’s luxury Armani hotel in the world’s tallest tower, the Burj Khalifa. An avid art collector, Abraaj even financed a coveted annual art prize that furnished the winner with a $100,000 grant.

But the firm’s foundation was shaky: fees earned from managing investments between 2014 and 2017 at some points barely covered half of costs, according to numbers released in the liquidators’ report.

While it’s true that the world’s private equity firms thrive by borrowing money to fund acquisitions, they don’t typically use debt to pay for basic expenses, according to Ludovic Phalippou, associate professor of finance at Oxford University’s Said Business School.

“It is unusual for any PE firm to finance operations with a loan,” said Phalippou, author of Private Equity Laid Bare. “We could see this as Abraaj applying what they preach to themselves. In contrast, several major PE firms are actually publicly listed and have no leverage, the exact opposite of what they preach.”

Naqvi’s house of cards began teetering last September when investors in a $1 billion health care fund raised in 2016—including the Gates Foundation—asked questions about what happened to their money, according to four of the people.

In the course of monitoring investments, they grew suspicious that not all proceeds were deployed and wanted to know why because a clause in the fund stipulated that any extra cash would be returned to them, one person said. A spokesperson for the Seattle-based charity declined to comment.

Starting about a year earlier, Abraaj did in fact begin pulling tens of millions of dollars from at least one flagship fund—the Abraaj Private Equity Fund IV—to prop up its finances, three people said. By the early months of 2017, it was moving money out of the health care fund, too, they said. Abraaj then deposited borrowed cash into both funds’ accounts just before the auditors, KPMG, compiled subsequent quarterly earnings statements, they said.


Some former employees said the speed of the demise didn’t surprise them. They described Naqvi as “aggressive” and “competitive” and said he ran Abraaj like he was a king; little could happen without his approval and attempts to question his actions often drew furor.

Abraaj disputed the idea that Naqvi was that influential. In its statement, it said the firm “has always been run as a partnership” and that “dialogue and engagement has always been encouraged, both internally and externally.”

PwC said key financial statements were either missing or non-existent. In particular, the company produced only consolidated financials, not separate ones for the asset management and holding companies, making it difficult to analyze how money moved between the two.

https://www.bloomberg.com/news/features/2018-07-30/behind-the-spectacular-collapse-of-a-private-equity-titan

currentprice:


welldone oga wanaj0

it always pay at the end to listen when elders are talking

Wetin I do oooo

You only need to go to SHOPRITE to analyse some stocks/sector Flour Business is going to be tough! Na corn we dey chop now abeg

I am waiting for Dangote to use his magic wand to deliver the 2017 year on year growth for Dangote Flour that we were promised.

Godlylifeoneart:
https://www.marketwatch.com/story/this-prophet-of-doom-predicts-stock-market-will-plunge-more-than-50-2018-07-30?mod=ampfoot_mostpop

...if S & P could loss up to 64% then NSE is in trouble!

MSCI- NIGERIA MOVEMENT FOR 30 JULY 2018/GENERAL COMMENT

MSCI- seems to have stepped down the selling substantially. This will give the opportunity for those stocks that have been held down due to selling pressures to move higher.

Above is a good development for the market, at least the bleeding will stop for now?

I have removed my trap as, prices are not likely to come to levels that are too low, since the bear flight is now experiencing some bad weather.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate so

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

Pfarealbilliona:
http://www.nse.com.ng/Financial_NewsDocs/23242_TANTALIZERS_PLC_FINANCIAL_STATEMENTS_JULY_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/23174_EQUITY_ASSURANCE_PLC._FINANCIAL_STATEMENTS_JULY_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/23241_MUTUAL_BENEFITS_ASSURANCE_PLC._FINANCIAL_STATEMENTS_JULY_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/23163_PRESTIGE_ASSURANCE_PLC_FINANCIAL_STATEMENTS_JULY_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/23164_N_NIG._FLOUR_MILLS_PLC._FINANCIAL_STATEMENTS_JULY_2018.pdf

Please I need a valid link to the corporate disclosure on NSE website.
Thanks

Diamondbank on full offer @1.25.
Bargain hunters waiting @ 70kobo junction..

*ThE OcToPuS*

PETERiCHY:
Diamondbank on full offer @1.25. Bargain hunters waiting @ 70kobo junction..
*ThE OcToPuS*

Pfarealbilliona:
http://www.nse.com.ng/Financial_NewsDocs/23241_MUTUAL_BENEFITS_ASSURANCE_PLC._FINANCIAL_STATEMENTS_JULY_2018.pdf

this coy going for rights with losses.you will eat that your rice.

PETERiCHY:
Diamondbank on full offer @1.25.
Bargain hunters waiting @ 70kobo junction..

*ThE OcToPuS*

wicked people.. smh

Yayira:


wicked people.. smh

Don't take Peter serious when the price reverse na him go quote destination b/stop for you without him entry price.

With this diamond bank result shouldn’t one be scared of buying ?
I was hoping to see an improvement

cc bargain hunters

Zenith.... Will it answer those at N22 today. Watching in 3D.

Yayira:


wicked people.. smh

Wicked ke. them be Dozie

Yayira:
With this diamond bank result shouldn’t one be scared of buying ?
I was hoping to see an improvement

cc bargain hunters

Lowest I expect is 1.09-1.30 range, i.e. If we can break 1.19 within here I would most likely add some units.

The Memes wey follow the Q2 result heh, no be here. Hilarious.

I will just wait to see where the price tank and then add. Although my entry point no too bad sha.