dipoolowoo:
Thanks all for the birthday wishes. I really appreciate them. God bless you all more.

... my good wishes to both of you

dipoolowoo:
Resort Savings and Loans Secures $10m from Milost for Recapitalisation
**As Board Wants Suspension Lifted to Enable Release of Funds
https://www.businesspost.ng/2018/09/21/resort-savings-and-loans-secures-10m-from-milost-for-recapitalisation/

This is another bomb waiting to explode.

dipoolowoo:
Thanks all for the birthday wishes. I really appreciate them. God bless you all more.

Happy belated birthday Oga and thanks for all your financial news update. Wishing you all the Good things you heart desire..

wanaj0:


Exactly. Same way you should ignore when people start to laugh at your losses or gains

yes ooo. Make we no d loose forget our calling and the Identity we portray because of losses in particular because we all laugh with people that laugh at us when in gains.

Good morning.


We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).


Pre market runs from 9.30 to 10am daily on the NSE.


During this period, investors can place orders, but no trade occurs.


Figures will take the format Bid(k) vs Offer(k).


Bid represents the amount of stocks people want to buy.


Offer the number of stocks, people wish to sell.


K represents thousands.


Net bid means there are no offers for a stock.


Net offer means there are no buyers for a stock as at pre market.


Bid vs Offer figures are subject to change all through the day.


Access Bank 210k bid vs 300k offered


Dangote Cement 1k bid vs 9k offered


FBN Holdings 200k bid vs 78k offered


Seplat 90 units bid vs 60 units offered


UBA Plc 314k bid vs 603 units offered


Wapco 10 units bid vs 50k offered


Zenith Bank 2k bid vs 540 units offered


Dangote Flour 20k bid vs 13k offered


Dangote Sugar 1k bid vs 30k offered


Guaranty Trust Bank 12k bid vs 20k offered


Guinness 9k bid vs 1k offered


International Breweries 2k bid vs 285k offered



Nigerian Breweries 2k bid vs 800 units offered



PZ Cussons Nigeria 150k bid vs 55k offered



Unilever Nigeria 21k bid vs 3k offered




Visit Nairametrics.com for more news.

moneywoman74:


But is deepsuck actually a woman? The name and what comes out from the mouth does't sound like a woman.

She is a man

swilo:


Happy Birthday Dipoolowoo.. LLNP.

HBD, May you stumble on huge stolen funds in the course of your work and blow your whistle...

All fingers busy

Yayira:
Agba and Chibuking waiting for

Diamond 50kobo
Zenith N13
Guaranty N18
Fidelity 70kobo
Fcmb 70kobo
Ucap N1.80k
Afriprud N2.50kobo
Honeywell 80kobo
Dangote Flour N4
Flourmills N12
Conoil N10
Uba N4
FBNH N4
Access N4
Aiico 20kobo
Nem N80kobo
Continsure N1
Constodyn N3
Skye bank 20kobo

Nothing is impossible..

DeRuggedProf:


Nothing is impossible..

Reccesion prices.

fxuser:
Skye
- still doing skye tinz



a decent MTD . .

opened d month at 51kobo !
Sellers be eager a lil now

fxuser:
Oando
- peeping above n5 to see were dem Manga people de hide
hehehe

Oando
still a good structure here

E PAIN AM

MonkeyHunter:


Dear Deepsuk,

While repeatedly calling on God to punish people, please note the following as written in the scriptures

1)Thou shall not call the name of thy Lord in vain.
2)The foundation of the lord stands sure bearing this seal God knows those that are his so let everyone that calls the name of the Lord depart from iniquity
3)You can't serve both God and Mammon.
4) Shall we continue in sin and pray that grace should abound, God forbid.

You might want to retrace from the current path on which you are on or else it might be satan that will end up punishing you


Now at no point did I request that anybody should buy the stock. I only requested that the financials should be consulted before making a decision. I however might have erred in calling out other peoples recommendations as having been made without consulting the financials.

I have further consulted the financials and noted the following.

The main issue with First Aluminium is surprisingly not the negative retained but the capital structure. First Aluminium largely uses expensive debt in its operations and had debt of about N2.5 to N3bn as at year end 2017 at an effective rate of 24%. It paid interest of about N750m and tax of N350m during the year to give a profit of N209m. It's EBIT (Earnings before Interest and Tax) was therefore N1.3bn. If it had additional equity of N3bn it would have declared profit of almost N1bn as it would have avoided the interest payment. It therefore needs a capital raise through a rights or public issue to help ensure it works for the shareholders instead of the banks. Mgt tend to be interested in the share price of their companies when they need to raise capital and if possible help to give the share price a boost to what they think is a fair valuation for the company

It is also interesting to note that it obtained a 2.5b BOI this year as shown in the 2nd quarter 2018 results which should help reduce the interest expense as these loans are typically at single digits as opposed to the current cost of funds which is at 24%.

The business is a stable franchise with N10b in turnover annually which is approximately 800m monthly or 40m in sales every working day at 20 working days in a month.

I once again apologies to Wanajo and others for calling their recommendation out as I believe people should be free to give their recommendations on this forum wthout any fear of backlash.

Ssociety always scared by an outspoken woman...na we get women calling me man....its d convenient way sha...even in bible the woman mary is supressed. but she don rise up now

make i show u toto like lady gaga had to do on camera ....ptheww u dont deserve it.


weak women always livin on mercy of others....

Zenith

- yet to break free from the series of lower highs and lower lows on all frames . .
- wud be nice to see price test this month opening price at N21
- however its forming a Doji week , first green week after 6 red weeks , pulling d brakes on d bears has nt been easy
- i like the oversold rejection on d weekly RSI
- d problem is the reward bounce is short lived , prev highest weekly closing high is at 23.85 (14%'ish away )
- its cooking

#patience

dis:
watching this consolidation closely for positioning rather dan swing

moneywoman74:
Good morning House. Today is my birthday. I need all prayers and best wishes!

Happy birthday moneywoman and dipoolowoo,
May the good Lord journey with you and be gracious to you this new year and beyond.
Seems this is the month of the super rich people......money-woman, dipo-olowoo. Chai!
Maybe I will add money to my moniker too.

fxuser:
Zenith

- yet to break free from the series of lower highs and lower lows on all frames . .
- wud be nice to see price test this month opening price at N21
- however its forming a Doji week , first green week after 6 red weeks , pulling d brakes on d bears has nt been easy
- i like the oversold rejection on d weekly RSI
- d problem is the reward bounce is short lived , prev highest weekly closing high is at 23.85 (14%'ish away )
- its cooking

#patience

dis:
watching this consolidation closely for positioning rather dan swing

thanks

MonkeyHunter:


Dear Deepsuk,

While repeatedly calling on God to punish people, please note the following as written in the scriptures

1)Thou shall not call the name of thy Lord in vain.
2)The foundation of the lord stands sure bearing this seal God knows those that are his so let everyone that calls the name of the Lord depart from iniquity
3)You can't serve both God and Mammon.
4) Shall we continue in sin and pray that grace should abound, God forbid.

You might want to retrace from the current path on which you are on or else it might be satan that will end up punishing you


Now at no point did I request that anybody should buy the stock. I only requested that the financials should be consulted before making a decision. I however might have erred in calling out other peoples recommendations as having been made without consulting the financials.

I have further consulted the financials and noted the following.

The main issue with First Aluminium is surprisingly not the negative retained but the capital structure. First Aluminium largely uses expensive debt in its operations and had debt of about N2.5 to N3bn as at year end 2017 at an effective rate of 24%. It paid interest of about N750m and tax of N350m during the year to give a profit of N209m. It's EBIT (Earnings before Interest and Tax) was therefore N1.3bn. If it had additional equity of N3bn it would have declared profit of almost N1bn as it would have avoided the interest payment. It therefore needs a capital raise through a rights or public issue to help ensure it works for the shareholders instead of the banks. Mgt tend to be interested in the share price of their companies when they need to raise capital and if possible help to give the share price a boost to what they think is a fair valuation for the company

It is also interesting to note that it obtained a 2.5b BOI this year as shown in the 2nd quarter 2018 results which should help reduce the interest expense as these loans are typically at single digits as opposed to the current cost of funds which is at 24%.

The business is a stable franchise with N10b in turnover annually which is approximately 800m monthly or 40m in sales every working day at 20 working days in a month.

I once again apologies to Wanajo and others for calling their recommendation out as I believe people should be free to give their recommendations on this forum wthout any fear of backlash.

Oga, you should not have replied her post.

You are not a newbie here.

Continue your good work.

Parisfran:
I'm surprised you don't know who this MAN is. Maybe I read this thread too much cus I actually think it's glaring.
Please let's be civil, like seriously this thread is for all our benefit. Let's encourage discussions, pros and cons. I "liked" all the comment regarding First Aluminum because they are good. This is what we came here for.
MonkeyHunter keep being the optimist, Wanaj0 thank you for putting fear of God in our body, Mcy56 thank you for always bringing up kobostock discussions. Without you, I won't even remember that NSE has stocks below N1. TGIF baby...

This is lovely! Thanks so much dear sis.

leadcapital trading platform has been disappointing since their recent upgrade.

Krisuba:
See me oo.I quickly sold mine as he bring that news.now Skye don't become best performer

Lol. There'll be another opportunity.
Sold my tashere units too but bought some back again when I noticed price resistance at 64k

random quote

Law 28

'' If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

#mindset

DeRuggedProf:
HBD, May you stumble on huge stolen funds in the course of your work and blow your whistle...

swilo:
This is another bomb waiting to explode.

Let milost remember Japaul too o.

dipoolowoo:
Resort Savings and Loans Secures $10m from Milost for Recapitalisation
**As Board Wants Suspension Lifted to Enable Release of Funds /

......Checked the news now. It's not that Resort Savings & Loans secured the loan facility yet self.
These media guys just like to trend anyhow.
So they 'want suspension lifted to enable release of funds' ..... Lol. Election time is approaching.
If it were not to be on suspension, bids for don queue up there by now.

OBAGADAFFI:
leadcapital trading platform has been disappointing since their recent upgrade.

It's been a massive disappointment for the last few years to be honest...I wonder what made me stick to them for so long. Glad to be out now though

GTay:


It's been a massive disappointment for the last few years to be honest...I wonder what made me stick to them for so long. Glad to be out now though

Really disappointing

DeRuggedProf:


Nothing is impossible..

zero conscience

deep.suk:
E PAIN AM

Saw this now. Monkeyhunter, see the person you dey reply.

If you choose to embrace a pig, you must not complain of being dirtied.

dipoolowoo:
Zenith Bank's Earnings Will Remain Broadly Stable, Upgrade Remote—S&P
https://www.businesspost.ng/2018/09/20/zenith-banks-earnings-will-remain-broadly-stable-upgrade-remote-sp/

S&P Sees “Very High Levels of Corruption” in Nigeria, Affirms Ratings
https://www.businesspost.ng/2018/09/20/sp-sees-very-high-levels-of-corruption-in-nigeria-affirms-ratings/

Hello house, it is my birthday today.

May the Good Lord continually shine the light of his countenance on you in Jesus Name - Amen

Zenith at 21 again.

Mpeace:
Zenith at 21 again.

a close above wont be bad, dat wud make a nice green weekly hammer formation

Eni & Shell: Italian court convicts two in Nigeria oil corruption case


A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said. The judge also ordered the seizure of millions of dollars and Swiss francs from the pair, who acted as go-betweens in the attribution of Nigerian oil exploration rights worth hundreds of millions of dollars. Nigerian Emeka Obi and Italian Gianluca Di Nardo had requested an accelerated trial, which took place behind closed doors and allowed for lighter penalties if they were found guilty. The main trial of Eni and Shell for corruption opened in Milan in the spring. Both oil companies deny any wrongdoing. Italian magistrates suspect the two oil groups used bribes to obtain rights in 2011 to OPL245, an offshore oil block estimated to hold nine billion barrels of crude, for $1.3 billion (1.1 billion euros). Of that amount, $1.092 billion is believed to represent bribes paid to a London bank account that ended up going to various Nigerian politicians, including former oil minister Dan Etete. The Nigerian government received only $210 million. On Thursday, the Italian judge ordered $98.4 million seized from Obi, and 21 million Swiss francs ($21.8 million, 18.6 million euros) from Di Nardo after finding them guilty of “international corruption”. Their four-year prison sentences were slightly less than the two five-year terms sought by the prosecutor. But Barnaby Pace, a campaigner at anti-corruption group Global Witness, nevertheless hailed the convictions. “Today sees the first men fall in the murky Malabu scandal,” he said in a statement issued Thursday. “As Shell and Eni’s trial looms, time will tell whether it’s just the middlemen who pay the price for this epic crime against the Nigerian people,” he added. “But one thing’s for certain: this judgment will send shivers down the corporate spines of the oil industry — and will surely alarm Shell and Eni employees and shareholders who have been repeatedly told that there was nothing amiss with the OPL 245 deal.” According to Radiocor, the Italian economics information agency, Obi unwittingly revealed the affair by suing Etete in a London court for payment of his commission for setting up the deal. He won that case in 2013, receiving $114 million, of which $24 million was paid to Di Nardo. The main trial brought by Nigeria against Eni and Shell has scheduled its next hearing on September 26. A total of 13 people face charges, including Etete, Eni boss Claudio Descalzi and his predecessor, Paolo Scaroni.

Read more at: https://www.vanguardngr.com/2018/09/eni-shell-italian-court-convicts-two-in-nigeria-oil-corruption-case/