OBAGADAFFI:


The number One cause of NSE bearish market is the uncertainty from the Current Government.

Even traders/Market people are complaining of low patronage

Still connected to the Petrodollar and crude oil......... If u watch even in the uncertainty of Government, NNPC and its cohort have been very vocal

Intendy:
Stocks with new 52 week lows

Fbnh #5.00k

Transcorp #0.89k

Zenith Bank #16.80k

Eterna oil #2.60k

Livestock #0.41k

Continental reinsurance #1.27k

Law Union #0.39k

Uacn properties #1.12k

Ucap #1.90k

Guinness #41.40k

Chai see as mendes911 stone me oo

Zenith Oil Exploration Company seriously digging for oil.

maishai:


Still connected to the Petrodollar and crude oil......... If u watch even in the uncertainty of Government, NNPC and its cohort have been very vocal

The government still enough money to run the country for long.

The Budget oil benchmark is $60 per barrel, which means the government should have excess .

OBAGADAFFI:


The government still enough money to run the country for long.

The Budget oil benchmark is $60 per barrel, which means the government should have excess .

Which money?
We have been living on borrowed fund even when oil was above $60

pluto09:



Which money?
We have been living on borrowed fund even when oil was above $60

Lets just call them wasters.

If you know how much the Government is generating, they dont need to borrow any dime.

Infinitisi:


Zenith Oil Exploration Company seriously digging for oil.

the 3 days bonanza trigger on d stock today. fear no more the end is here.

always good to target 2nd day of bonanza but those who loaded today cos of 2morrow fear will smile soon

Airtel to Begin Banking Services in Nigeria Soon
https://businesspost.ng/2019/08/08/airtel-to-begin-banking-services-in-nigeria-soon/

MTN Raises $140m, To Redeem Preference Nigerian Shares
https://businesspost.ng/2019/08/08/mtn-raises-140m-to-redeem-preference-nigerian-shares/

OBAGADAFFI:


Lets just call them wasters.

If you know how much the Government is generating, they dont need to borrow any dime.

This was what those in APC were saying before they got into power.

Truth be told ,what we are generating as revenue is well too low for our population.

Have you guys seen this?

https://nairametrics.com/2019/08/08/multichoice-mtn-shoprite-others-given-7-days-to-stop-operation-in-nigeria/

735i:
Have you guys seen this?

https://nairametrics.com/2019/08/08/multichoice-mtn-shoprite-others-given-7-days-to-stop-operation-in-nigeria/

Another economic war........

maishai:
My Opinion in what is currently Happening

Going by the Hierarchy of money.........The Ultimate money currently in Nigeria is Crude oil controlled by the Nigerian Government... Below Crude oil we have US dollar( CBN reserves), all US dollar in relation to Nigeria are just promises to supply crude oil..... Below the US dollar we have Naira controlled by the CBN in conjuction with Nigerian Banks, all Nigerian Naira are just promises to pay US dollar........Below the naira we have securities like stocks bonds and bank deposits, all securities are promises to pay naira

In times of crises especially world crises as is happening now, You will now understand the value of each one in relation to the other, The current trade war between the US and China is treatening our main money, China has built itself up as a low Cost manufacturing Power house and Trump is going right to the heart of this matter, the US wants to take manufacturing off China not back to the US but to other low cost countries like vietnam,sri lanka and India,the rate manufacturers are moving out of China currently is alarming...... The Chinese Government has to respond by devaluing the yuan to keep manufacturers moving out

What has these got to do with Nigeria and our Money.......It is our money(crude oil) that powers manufacturing, the fall out between US and China is slowing down manufacturers as they contemplate moving out of China or Staying back, many have cut production quotas, and building new facilities dont just pop out in a day slowing down the demand for Oil

Finally as God always bless this our Country, the fall out of all international politics always plays out in the end to our advantage long term.......where ever manufacturing is going, It will still be powered with our money (crude oil) and demand will still come back to optimum levels.........All our economic institutions even the CBN are powerless in the ongoing saga as such They are all Price takers......

As an Individual retail Investor, the higher up the chain in the hierarchy of money you hold the better for you , right now in the short term, but long term prices will still come back to normal, you can start converting higher money back to lower money......


Zenith and GT are definitely going lower, They let you take the temprature of international Politics as many foreign institutional investors are here.........How Low I dont know but they will bend very low.........If you are buying stocks right now please have in mind to cash out in 5 years time




Caveat.......I'm PRO US and would love to see a Pro China analysis

In addition to the above, the current quagmire in Europe and the real threat of a no deal Brexit is a major cause for alarm in NSE

Una well done. Just keep digging for bad bad news and be bringing here, nothing will make me sell my transcorp at loss by God's grace. If Peter likes, let him go and dig news from the moon self.
After the reggae comes the blues.

currentprice:
Ruggedprof kept in NL custody

He don confuse and vex the bot with his big big grammars.

Tomorrow Fri...when will any of these big banks release results..Atleast div go console small
B4 averaging down continues. for Team AD

lancee:
Tomorrow Fri...when will any of these big banks release results..Atleast div go console small
B4 averaging down continues. for Team AD

I dey suspect say some people don see zenith results

Intendy:
Stocks with new 52 week lows

Fbnh #5.00k

Transcorp #0.89k

Zenith Bank #16.80k

Eterna oil #2.60k

Livestock #0.41k

Continental reinsurance #1.27k

Law Union #0.39k

Uacn properties #1.12k

Ucap #1.90k

Guinness #41.40k

Chai see as mendes911 stone me oo

You don't meaniit...next level reset!
I am gradually pulling out all my funds from the market into $ for next 4years.

The only thing remaining for our economy to go into full panic mode is free float!

Agbalowomeri:


I dey suspect say some people don see zenith results

No be only zenith, some people don see all the bank result.
I have mentioned it here before, something might be wrong with zenith that is not known to the public yet........

Mcy56:
Una well done. Just keep digging for bad bad news and be bringing here, nothing will make me sell my transcorp at loss by God's grace. If Peter likes, let him go and dig news from the moon self.
After the reggae comes the blues.

As long as you no need the money urgently.
Transcorp na only 40 kobo fit tempt me

^
^^

the thing is one can buy transcorp @ 40k and still loss to share reconstruction

currentprice:

^
^^

the thing is one can buy transcorp @ 40k and still loss to share reconstruction

At least the risk is much reduced
I won't get dividend, come dey get sleepless night on top wetin Lol

Agbalowomeri:


I dey suspect say some people don see zenith results

You may be right..the dumping today dey scary..Maybe the result no good as expected

Banks may have a tough Yr end results 2019...No free Tbills money like before

Agbalowomeri:


I dey suspect say some people don see zenith results

GTB is attempting to cross a major support line of 26.6 with impunity. This spells disaster oh! I would have to visit Okija this weekend to consult the oracle.

Bomboclad:
GTB is attempting to cross a major support line of 26.6 with impunity. This spells disaster oh! I would have to visit Okija this weekend to consult the oracle.

Inevitable

Agbalowomeri:


Inevitable

With the way that guy was shouting his N19 naira, he seemed very certain so I have decided to wait it out.

This will be me when it finally gets to N19

How do you guys get these hilarious pics.....

rationalmind:


With the way that guy was shouting his N19 naira, he seemed very certain so I have decided to wait it out.

This will be me when it finally gets to N19

Looking at my portfolio and the market generally, Some moments I am sadly happy and other times I am happily sad.

Bomboclad:
How do you guys get these hilarious pics.....

Peter will be in the best position to answer, he has a lot up his sleeve

rationalmind:


With the way that guy was shouting his N19 naira, he seemed very certain so I have decided to wait it out.

This will be me when it finally gets to N19

That will be me when FBNH gets to N2.8�‍♂️

currentprice:

^
^^

the thing is one can buy transcorp @ 40k and still loss to share reconstruction

Share reconstruction: is true or a joke

pluto09:



If oil price stays low for a very long time, it will be a difficult time for NSE o..

But wait oo, with all the panic and the brouhaha that may follow the fall in crude oil prices, what will likely be Dangotes wish as and when his refinery commences full operation. Will he likely pray for a high or low oil price vis a vis his margin of profit and Nigeria economy. Am just thinking out loud.

Union Bank Recovers N5bn Debts from Customers
https://businesspost.ng/2019/08/09/union-bank-recovers-n5bn-debts-from-customers/

Free Float Deficiency: Medview Airline to Engage Stockbroker
https://businesspost.ng/2019/08/09/free-float-deficiency-medview-airline-to-engage-stockbroker/

Caverton Eyes Positive Returns for Shareholders
https://businesspost.ng/2019/08/09/caverton-eyes-positive-returns-for-shareholders/

Nestlé Nigeria Mulls Local Sourcing for Affordable Nutrition
https://businesspost.ng/2019/08/09/nestle-nigeria-mulls-local-sourcing-for-affordable-nutrition/

FG Frustrating CBN’s Efforts to Spur Economic Growth
https://businesspost.ng/2019/08/09/fg-frustrating-cbns-efforts-to-spur-economic-growth/

Buying Interest in 9 Stocks Lift NSE Index by 0.05%
https://businesspost.ng/2019/08/09/buying-interest-in-9-stocks-lift-nse-index-by-0-05/

Crude Oil Prices Reverse Losses to Appreciate Thursday
https://businesspost.ng/2019/08/09/crude-oil-prices-reverse-losses-to-appreciate-thursday/

One-Year T-Bills Yield Rises to 13.09% on Thursday
https://businesspost.ng/2019/08/09/one-year-t-bills-yield-rises-to-13-09-on-thursday/