Opportunities in a Bear Market
https://www.businesspost.ng/2018/08/30/opportunities-in-a-bear-market/

Brent Crude Oil Gains 0.6% to Trade at $77.60 Per Barrel
https://www.businesspost.ng/2018/08/30/brent-crude-oil-gains-0-6-to-trade-at-77-60-per-barrel/

BREAKING: Saraki Declares to Run for President 2019
https://www.businesspost.ng/2018/08/30/breaking-saraki-declares-to-run-for-presidency-2019/

hyness:

Its like Mtn is contesting the claim by CBN that they did not illegally repatriate the said sum, $8.1b back then.
https://punchng.com/mtn-refutes-claims-of-illegal-repatriation-of-8-1bn/

They should and also provide proves. there wasn’t enough evidence when Dino first raise the issue and senate at first did not find MTN guilty of anything so they tossed it out but e bi like say someone did not receive enough settlement and the matter was raised again but this time they hand it over to CBN for future investigation and do the needful. (So I was told oo.. I was not there)

Anyway I know all this story go turn wind.. their leader Stanbic don set meeting sharp sharp..

dipoolowoo:
Yes, it is a refund, not a fine, but when the money is refunded, it would be subjected to tax, which I believe MTN wants to escape.

OK. so its the tax they are running away from. You can imagine how our own country men will connive with foreigners to surcharge their own country! becos if that money was truly taken out illegally, there was collusion somewhere with my people.
Anyway, all we want is for those in authority to always do the right thing so that this country can develop and move forward like other countries we all admire.
Meanwhile oando forensic auditing is still pending till now#SEC, it may not see the light of day, and shell-holdings continue after them eat clean mouth. just soliloquizing jare, i just want us all to succeed because we are really trying hard to make our lives better genuinely!

hyness:

OK. so its the fine they are running away from. You can imagine how our own country men will connive with foreigners to surcharge their own country! becos if that money was truly taken out illegally, their was collusion somewhere with my people.

It takes 2 to tango.. who gave MTN go ahead na him I won know.. and the banks involved who or what gave them the morale to do such a thing ? (if it’s true)
This people came to your country to make money and you help them get it out of the country without following normal procedures?!
Killing your own country?! Do they know that the tax on that amount will go a long way ?

Whenever MorganCapital takes this long to send closing prices, i go just know say index dey on red.
Please how much my zenith close today ?

swilo:
I will still buy Diamond Bank shares in December whether NSE likes it or not.

Lol gamblers according to Wanaj0

dipoolowoo:
Yes, it is a refund, not a fine, but when the money is refunded, it would be subjected to tax, which I believe MTN wants to escape.

Agree with you. We all pay 10% tax on our dividends. Maybe they didn't pay theirs, hence one of the reasons for asking them to return it.

Am impressed Chibuking is yet to make any comment. I mean, there's been enough bullets for him to drive home his bear bear saga, still nothing yet.

EQUITY REPORT 30th AUGUST 2018

NSE ASI Down 0.77%

The NSE ASI (-77bps) settled at 35,086.67 and the market capitalization lost N99.40 billion to close at N12.81 trillion.

ACTIVITY LEVEL:
Was mixed as Volume traded decreased by -17.52% to 284.59 million units and Value traded increased by 51.94% to N3.44 billion.

SENTIMENT:
Remained negative, as the market breadth (Advancers-Decliners Ratio) settled at 0.4x (vs. 0.7x previously), following price gains in 11 stocks against losses recorded in 27 stocks.

TOP GAINERS:
NEM (10.00%), LIVESTOCK (9.26%) and JAPAULOIL (8.00%).

TOP LOSERS:
MANSARD (-9.80%), INTENEGINS (-9.52%) and DIAMONDBNK (-9.35%).

SOURCE: Leadcapitalng.com

austinkenneth:


Agree with you. We all pay 10% tax on our dividends. Maybe they didn't pay theirs, hence one of the reasons for asking them to return it.

They will only pay that "7.5%" when the funds is taken out of the company and back to investors in SA, hence it ought to have been paid before they repatriated the cash.

Company's don't get to pay that WHT on retained earnings.

dipoolowoo:

BREAKING: Saraki Declares to Run for President 2019
https://www.businesspost.ng/2018/08/30/breaking-saraki-declares-to-run-for-presidency-2019/

It is well oo. In a sane society, whether all the allegations on him are all false, or some of these allegations were squashed by the law court (no smoke without fire), this oga is suppose to even resign as senate president, but here he is wanting to preside over the affairs of the entire country!
Meanwhile take a trip to Kwara state, his own state that he governed for 8yrs (which his family still hold bound), nothing, i mean nothing to show! How can we move forward as a country like this, because these political parties are the ones that choose candidates for us, whether we like or not, we are forced to vote for whoever they present (maybe till whenr they give us law that allows a candidate to contest without party affiliation).
Sorry i deviated to politics, my mood is not just ok today thinking about how i so wish for things to be normal in this country because we have so much potentials.

mendes911:


They will only pay that "7.5%" when the funds is taken out of the company and back to investors in SA, hence it ought to have been paid before they repatriated the cash.

Company's don't get to pay that WHT on retained earnings.

OK

mendes911:

Am impressed Chibuking is yet to make any comment. I mean, there's been enough bullets for him to drive home his bear bear saga, still nothing yet.

He doesn't usually appear until there is beer bear.

hyness:

It is well oo. In a sane society, whether all the allegations on him are all false, or some of these allegations were squashed by the law court (no smoke without fire), this oga is suppose to even resign as senate president, but here he is wanting to preside over the affairs of the entire country!
Meanwhile take a trip to Kwara state, his own state that he governed for 8yrs (which his family still hold bound), nothing, i mean nothing to show! How can we move forward as a country like this, because these political parties are the ones that choose candidates for us, whether we like or not, we are forced to vote for whoever they present (maybe till whenr they give us law that allows a candidate to contest without party affiliation).
Sorry i deviated to politics, my mood is not just ok today thinking about how i so wish for things to be normal in this country because we have so much potentials.

Let Bubu first resign since he is yet to show us his waec certificate that qualifies him to contest. I think saraki has already been cleared by the Supreme court of any such allegation and is thus within his rights to contest. It is now up to Nigerians to vote for or against him. It would be wrong to give bubu the presidency come 2019 without any contest.
Bubu's effect on the value of naira since 2015 and his many unnecessary battles with saraki and the opposition has affected NSE in a very negative way.

Mpeace:
Let Bubu first resign since he is yet to show us his waec certificate that qualifies him to contest. I think saraki has already been cleared by the Supreme court of any such allegation and is thus within his rights to contest. It is now up to Nigerians to vote for or against him. It would be wrong to give bubu the presidency come 2019 without any contest.
Bubu's effect on the value of naira since 2015 and his many unnecessary battles with saraki and the opposition has affected NSE in a very negative way.

oga, take all una politics discussion to political thread and make u na stop the rubbish here abeg,

fxuser:
Ucap
- to d brother dat asked

Trend
- SP still under the 50dma (meaning bearish trend persits where sellers are more eager to let go blah blah)
- in summary downside risk shud nt be ignored, shii can happen

Price action
- last 4 weeks hv been '' hammer candles '' (meaning SP closing above wkly lowest price wh shows buyers exist at d lower end )
- but d buyers are below N2.80 for now (dis is a very important area to watch)
- daily chart shows +ve RSI div , so bears are getting tayad but its gradual (dis is ur calm panadol)

Outlook
- expect further consolidation moves btw 3.30 to 2.80 , a break above or below dis range changes things
- let me stop here

Rec:
sit still and be at peace
but if d position is still giving u heachaches or emotional trauma, den sell a lil to find peace

Dis:
TA is not certainty its just probability or possibilities , we all cud be VERY wrong

I really appreciate this. It is very enlightening.

I think I'll just be hopeful that I am able to have some spare cash ready in case the bears decide to have a lavish feast (the uncertain side).

God bless you sir

deepsuk:
Am not suprised by the pumping that diamond bank is receiving on this forum...


usual scammers, frauders and financnial criminals that reside on this forum have come out of the woodwork.



so alot of fake fake news dey fo dis page....dis small buys dey collect 500 naira daily to come and pump useless stocks wey be future shellholder


be careful....whever u see any 1 asking u to buy caverton oando diamond bank transcorp....they are all scams not to say japaul and all dis useless insurance companies wey be shellholder companies that dey for dis stock exchange since lord lugard times



pray to jesus and stay away from any advice you receive on this forum from these criminal so called financial oracles that do turn you into shellholder or into prostitution and crimes because u wil b broke mhen

True talk. Since you don't want us take any advice from this forum, then your epistle or speech is useless, cos it is also an advice

Mcy56:
U cant stop deep*** from posting such comments o. Wetin you expect? Whether market no sell well well around this period.

Hmmmmmm. Ọlọ́run á mú ajé wá

Mcy56:

I don prepare my mind say I no go talk if someone dey rain insult.

Truly you never talk.

Godisfaithful:


These are the villages people who handle Agba case

. My oga we be sey village people don de try tete, he Kom go visit them himself.

Mcy56:

I don prepare my mind say I no go talk if someone dey rain insult.

Truly you never talk.

This emerging market crisis is getting worse oh.
-Argentina slides into second recession in three years.
-US promise most severe sanctions on Iran(this would have a serious impact on price of crude oil)
Caution now key even in the international realm.

currentprice:
those that thought Agba post here affect the stock price should have a re-think. Agba can not post over few days now yet mkt fall
[b]
Agba is coming back 2morrow [/b]and the fun continues

Thanks for the bolded info. It means I have to sell my transcorp tomorrow cos that guy go carry vex come with mega bear. I just hope he doesn't come before 2.30

hyness:


Why wait till December, why not start watching for from now, when it starts trading below N1 (sorry those that have it in portfolio) you begin to buy, cos i have a hunch you may even get it cheaper before that December if they do not have any positive news to cushion all these negativity trailing them now.

I pray o that it should reach my junction at the right time. No sorry to those who have it in their portfolio o. The cry of members of NSEMPA all this while should make even an ignorant man to run from DB. Even my direct Mentor (Mpeace) on DB sef sold.

Yayira:


Lol gamblers according to Wanaj0

By December the walls should have finally crumbled. Then we will go in and amend the walls from within.

https://www.businessinsider.co.za/mtn-investors-lost-billions-in-less-than-an-hour-2018-8


SOUTH AFRICAN MEDIA WAGING WAR AGAINST FGN
THREATENED MTN MIGHT EXIT NIGERIA

https://www.bloomberg.com/news/articles/2018-08-30/argentina-hikes-interest-rate-to-60-to-stem-peso-plunge

Argentina in financial imbrogilo

phemmie06:
Hmmmmmm. Ọlọ́run á mú ajé wá

phemmie06:
Truly you never talk.

Abi I don talk ni?

phemmie06:
. My oga we be sey village people don de try tete, he Kom go visit them himself.

Lol. Na im carry himself go by himself. Keep throwing stone ehn.

Godlylifeoneart:
Argentina in financial imbrogilo

This oga just dey make person fear with all these bad news.
Naija go still weather am sha, bad news no new again but we go keep on praying for God's divine intervention, make He help the country ward off all evil reports and bad leaders working against her peace and unity in Jesus name. Amen.

aremso:



oga, take all una politics discussion to political thread ...

Sorry Sir, its because the political info was posted on this thread up there on this page, and am sure he posted it here cos its an important info that could affect the country's perception and in extension, the economy.
In my post i actually did apologized for the slight deviation becos i got carried away by it.

Mpeace:
Thanks for the bolded info. It means I have to sell my transcorp tomorrow cos that guy go carry vex come with mega bear. I just hope he doesn't come before 2.30

No be him carry bear come market jare.
Try and sell anyway and dont forget to pay your tithe.