fxuser:


d vol caught your attention

Is this the chart?...
Why must you first expose Oga?
Even VCV does not live by bread alone, but add volume at times......

fxuser:


recent filings been so distractive to price action
if he was buying , they will shout manipulation
if price breaks below N10 , na manipulation
if price holds support at N10 , na still manipulation
if price breaks above N10.80 now , na manipulation
any which way , d shout will be ''na manipulation''
d mind needs dots to connect, dots full grd well well loll

Disclosure wahala.

NSE ALLSHARE INDEX UPDATE FOR CLOSE OF BUSINESS 24 JAN 2020

Gain for the week: 0.03%
Gain for the year: 10.38%

This is a fair performance for the week in the absence of MSCI, No market moving news and Brent crude retracing in price. Seems equity investors in Nigeria are die-hard type?

Happy weekend to everybody.

N:B- There may be slight difference between the above and the official figures from the Nigeria Stock exchange due to approximations


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 source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

fxuser:


recent filings been so distractive to price action
if he was buying , they will shout manipulation
if price breaks below N10 , na manipulation
if price holds support at N10 , na still manipulation
if price breaks above N10.80 now , na manipulation
any which way , d shout will be ''na manipulation''
d mind needs dots to connect, dots full grd well well loll

All adds to the proverbial "noise" those who know what they want quietly avoid.
When he is done like the Zenith seller, people who picked at the depressed N10 and under will chop clean mouth.

The last disclosure was for deals dated 22nd Jan. but itchy fingers would have seen it and commanded their sell button thinking it was done today.

TLAX:


I think this is the reason why the country is where we are. Civil servants that really don't know what they are doing. Please sir, if what you said (bolded) is true and you people suspended the audit because of that, that means no company in the country should pay tax because they all employ Nigerians. I thought the proper thing to do is to ask Unilever to provide the act or legislation that exempts them from paying tax.

Obviously you don't work for FIRS and have no business visiting that company in the first place to audit their tax books. You probably work for Revenue Mobilization and Fiscal Allocation Commission. You guys are all over the place with no clear mandate and don't understand tax laws.

Cool down. First, I'm not working in Revenue bla bla as you suggested. Board members are politicians. The work is for beaurocrats who are supposed to educate and advise the board members . I said in my post above that we are taking the matter up in our office because their tax exemption is an anormally and can't be justified.

I stated the constitutional responsibilities, amongst others, of the institution that i was talking about, as agaist the one you claim has no clear mandate. This one has a clear mandate. This is not the forum for a comprehensive discussion of government policies and and departmental mandates. I only intended to make a little reference. You cant take me up here. A company is unjustifiable exempted from taxation and my office is trying to address the issue as i posted and i cant really fathom the reason for your outburst.

Please Guys is VITAFOAM good to buy at current price ?

Actually, we don't monitor companies revenue remission, we monotor customs and other revenue collecting agencies. What we went to Unilever to do was not to monitor them but to verify what Customs collected from them against what is in the Customs books. We wanted to check Customs transparency. We jave been recovering trillions of Naira into the Federation Accounts. We dont publicize our activities. We shouldn't. Thanks.

author=Toluway post=86070594]
Thank you for this clarification.
I work in a Federal Extra-Ministerial Commission who is responsible for Revenue Allocation to the Three Tiers of Government, Expanding sources of Internally Generated Revenue, and monitor revenue accruals into the Federation Accounts.
Last December, some of our officials including me, paid official visit to Unilever to verify what they paid into the account of Nigeria Customs Service, withe the aim of confirming what the Customs remitted into the Federation Accounts.
We held a meeting with the Management and Accountants of the organisation, who told us to our utter chagrin that the organisation doesn't pay tax and they proved it.
Two members of the Board of our Commission who expressed their annoyance that we didn't do our due diligence before visiting the organisation, also confirmed that Unilever is exempted from paying tax. Why, Because they provide jobs to Nigerians. These Board Members retired from the private sector. We had to apologise and take our leave.
We are currently taking up the issue in our organisation, which i will not mention here. OFFICIALLY, Unilever does not pay tax.
Sorry for the poor quality of my write-up, as it is hurriedly done on transit. I have to pack and hurriedly send you this.[/quote]



They pay corporate tax on their profits, which is about 30% of the company's profit

fxuser:


u dont need chart sef , just look at daily closures (morgan got monthly price reports)
- been closing at 2.40 every day since 15 jan

Thanks.

I actually need the charts just for educational purpose.
I have done my findings with FA and it is a buy and I have also been accumulating at N2.4.
I need to determine what size of it should be in my portfolio, reason for asking for TA angle.

Mcy56:

Boss, sorry, I don waka as itrade no gree work.
Nna777 has done justice to it.

Final closing
Access finally closed at 10.35.........up with 25k.........very interesting.
Wapco 17.20...........up with 40kobo............let that person that said Nsempas are the ones influencing prices come out and talk again.
It's a clear indication now that some other houses and analysts are seeing what my Nsempa bosses are seeing in Wapco too. It's going up.
UBA .....8.65.............down with 10k.....................still a stock to be .......................in my opinion.
Unilever 19.45................up with 1.45
Transcorp 1.08............up with 5kobo
Oando 3.86............up with 16k
MTN 127.....................down with 1.2
GTB...........down with 10k
FCMB N2.....................up with 5k
Fidelity 2.3..............up with 10k
Dangcem 174.90..............up with 2.1
Cap 27.5 ........up with 2.5
Buacem 37.8 ...............up with 80k

Quite a lot of UPs.

Stay Alert...
CASH TIMING

What's happening @ Caverton? Any new info? Volume there today is suppicious.

you-win-some-you-lose-some

Thank you for taking the time to educate us on some of the activities your department do to ensure that waivers, exemptions unnecessarily granted to companies are recovered. politicians in the name of many things do suspend the law to favour some companies illegally and I am 100% for recovery of such funds. But I think we have agreed that Unilever do pay tax.

Toluway:

Cool down. First, I'm not working in Revenue bla bla as you suggested. Board members are politicians. The work is for beaurocrats who are supposed to educate and advise the board members . I said in my post above that we are taking the matter up in our office because their tax exemption is an anormally and can't be justified.

I stated the constitutional responsibilities, amongst others, of the institution that i was talking about, as agaist the one you claim has no clear mandate. This one has a clear mandate. This is not the forum for a comprehensive discussion of government policies and and departmental mandates. I only intended to make a little reference. You cant take me up here. A company is unjustifiable exempted from taxation and my office is trying to address the issue as i posted and i cant really fathom the reason for your outburst.

http://www.nse.com.ng/Financial_NewsDocs/28639_SECURE_ELECTRONIC_TECHNOLOGY_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
There is no need for ONIFA or prophet to tell the shareholders of this company that there will not be dividend at the end of 2019. They may wish to stay to enjoy the rally that is coming.

Why are these results being selectively posted on the NSE website? Why are Ucap, Africa Prudential, Nestle, etc not being hosted on the website.

rebekah2011:
Thank you for taking the time to educate us on some of the activities your department do to ensure that waivers, exemptions unnecessarily granted to companies are recovered. politicians in the name of many things do suspend the law to favour some companies illegally and I am 100% for recovery of such funds. But I think we have agreed that Unilever do pay tax.

The Company's Management has declared in official capacity that it doesn't pay tax. And it is not only Unilever that is not. There are also some others.

Toluway:

The Company's Management has declared in official capacity that it doesn't pay tax. And it is not only Unilever that is not. There are also some others.

There is no way the company won't pay tax, personal income tax of the employees, withholding tax from the directors fee, corporate tax from the company's profit. FIRS, Internal Revenue Service of Lagos State and Ogun State are in a better position to tell you if Unilever does not pay taxes.
The company might be exempted from certain levies, duties and charges, but taxes are paid.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28639_SECURE_ELECTRONIC_TECHNOLOGY_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
There is no need for ONIFA or prophet to tell the shareholders of this company that there will not be dividend at the end of 2019. They may wish to stay to enjoy the rally that is coming.

Why are these results being selectively posted on the NSE website? Why are Ucap, Africa Prudential, Nestle, etc not being hosted on the website.

They are not selectively posted. Any result you see on the NSE website is made available by the company concerned. NSE is just to broadcast what is made available to them.

Pls apart from investing.com, can anyone pls suggest a good website for stock technical charts??

godlyguy:
WAPCO to hit km20+ from MONDAY onwards... FEBRUARY is the real DEAL in WAPCO

THE BIG SMART GUY

abeg boss it should come down small let me pick some before the journey onwards.

emmanuelewumi:



You must be madly in love with penny stocks

[quote author=Mcy56 post=86065167]Mopping ongoing in Dangcem.......... 179.90 now
**Not an update for anyone to rush in, buy at your discretion if you want to......... and as you're led.....try and get at bargain price if possible..

Updating...........[/quote
The real accumulation was actually around 155,then later 140.

ONIFA and his WAR MONGERS sneaking into the MARKET

Please is Dangcem good to buy at current price?

Toluway:

The Company's Management has declared in official capacity that it doesn't pay tax. And it is not only Unilever that is not. There are also some others.

I was once in a class when I heard the teacher say, most companies especially banks keep 36 separate books for all states in the federation in which they operate in..... This is so as to take advantage of tax incentives that each state has granted according to law, he went as far as saying that it is legal for a company to keep different books say income statement, one for the federal govt, one for the state govt, one for firs, one for state Firs, one for Creditors and one for NSE................ I'm like this people like work, they would just end up confusing the owners.......he quickly reminded me that most corporations run on borrowed money

Toluway:

The Company's Management has declared in official capacity that it doesn't pay tax. And it is not only Unilever that is not. There are also some others.

You guys didn't ask the right questions that is why you got wrong answers. How can they not pay tax? And somebody has posted their AFS here but you are still arguing.

DeRuggedProf:


When the consolidation is done by using Elephant Supaset Cement, you don't wait for long before CONSTRUCTION continues....


https://trwstockbrokers.files./2020/01/13059-fbnquest-capital-nigeria-outlook-2020-proshare.pdf

Thanks for the report.

stokfrick:
Pls apart from investing.com, can anyone pls suggest a good website for stock technical charts??

Tradingview.com

Stock with new 52 week lows
NCR #3.31k
Stock with new 52 week highs
Lafarge wapco #17.50k

DeRuggedProf:


When the consolidation is done by using Elephant Supaset Cement, you don't wait for long before CONSTRUCTION continues....


https://trwstockbrokers.files./2020/01/13059-fbnquest-capital-nigeria-outlook-2020-proshare.pdf

Thanks for the report too.

So unofficial for UACN holders, we are looking at a dividend yield of 17% . we load some more hopeful when it touches @10 again.

For WAPCO, you need not be told .

pluto09:
https://www.thisdaylive.com/index.php/2020/01/24/cbn-raises-banks-crr-to-27-5/

So banks go tank be that
On the other hand, CBN wants them to give loan to the private sector
Why raise the CRR?