billtommy:


Sir, are you saying it is too late to load more? Especially on the likes of zenith, wapco, gtb, fbn??

Good question

Depends on what returns u want , where u are coming from , other streams of income available , what time frame you have etc

For me It’s simple really from where I am coming from , deploying funds from fd , mmf , treasury bills , and with horizon of 9 to 12 month , I will still be going for some of the stocks you mentioned

It wont be unreasonable to expect 15 to 25 % returns or more in that time frame , that’s much better than current fd , mmf and treasury rates for a year and also above inflation rate

Do you proper diligence however , I for example won’t be moved in any away if things don’t go as expected in that time horizon with my invested fund

OakPearl:


Your brokers must be very proud of you.

Loooooool

OakPearl:


Your brokers must be very proud of you.

onegentleguy:


Helicopter chatter and other related services was part of essential services mandated by the FG to work at this time.
...which was why most of the company's fleet had been working all along. I mentioned it here back then(more money for the coy)
Unless there was a suspected case of the 2 pilots(who were arrested) bringing in a suspected carrier expatriate or other individuals... otherwise, the company is binded by law to carry on with its usual offshore and onshore oil & gas related services.

Anyway, this one na very small 'akamu' case.
...the matter will be swiftly sorted out/settled !!
Watch out.

It is well.

OFFICIAL STATEMENT FROM CAVERTON GROUP...

“At the start of the COVID-19 lockdown, we received a letter from our client stating that they have been given approval/ exemption to fly and continue operations.
We (Caverton along with three other companies) also received approval from the Minister of Aviation to fly only essential services, mainly in the Oil and Gas industry”.

“Lastly, we got another approval from the Nigeria Civil Aviation Authority (NCAA) to fly for this same oil and gas sector. We have been flying along with these guidelines for the past seven days”.

“Today, we were informed that the Governor of Rivers State, Mr Nyesom Wike was coming to address the operators in Port Harcourt and our people waited. But on arriving, the governor directed two of our pilots to be taken to CID where they were told to write statements".

“Despite all pleas by our lawyers who showed all the relevant documents, they were taken to the magistrate court and charged. At the court, our lawyers also presented all the documentations approving us to fly by the federal government but the case was closed and the pilots have been remanded in Port Harcourt prison till the 19th May.”

“We appeal to the federal government to urge the Rivers State government to release our pilots who violated no law and are being unduly punished for reasons we still do not understand.”

https://www.vanguardngr.com/2020/04/breaking-caverton-appeals-to-fg-to-prevail-on-wike-to-release-its-detained-pilots/

It was just as expected.
Like I said before; this is a very minor matter. ...so there's absolutely NO need to fret.
It will be sorted out.

Selah

cc: @DeRuggedProf

OakPearl:


Your brokers must be very proud of you.

Trust i will be waiting at a value entry

Wike can be irrational in the kind of decision he takes sometimes.

onegentleguy:


OFFICIAL STATEMENT FROM CAVERTON GROUP...

“At the start of the COVID-19 lockdown, we received a letter from our client stating that they have been given approval/ exemption to fly and continue operations.
We (Caverton along with three other companies) also received approval from the Minister of Aviation to fly only essential services, mainly in the Oil and Gas industry”.

“Lastly, we got another approval from the Nigeria Civil Aviation Authority (NCAA) to fly for this same oil and gas sector. We have been flying along with these guidelines for the past seven days”.

“Today, we were informed that the Governor of Rivers State, Mr Nyesom Wike was coming to address the operators in Port Harcourt and our people waited. But on arriving, the governor directed two of our pilots to be taken to CID where they were told to write statements".

“Despite all pleas by our lawyers who showed all the relevant documents, they were taken to the magistrate court and charged. At the court, our lawyers also presented all the documentations approving us to fly by the federal government but the case was closed and the pilots have been remanded in Port Harcourt prison till the 19th May.”

“We appeal to the federal government to urge the Rivers State government to release our pilots who violated no law and are being unduly punished for reasons we still do not understand.”

https://www.vanguardngr.com/2020/04/breaking-caverton-appeals-to-fg-to-prevail-on-wike-to-release-its-detained-pilots/

It was just as expected.
Like I said before; this is a very minor matter. ...so there's absolutely NO need to fret.
It will be sorted out.

Selah

cc: @DeRuggedProf

Investors Rush United Capital's N5.3bn Commercial Paper
https://businesspost.ng/economy/investors-rush-united-capitals-n5-3bn-commercial-paper/

Oil Falls on Inventory Build, Demand Worries
https://businesspost.ng/economy/oil-falls-on-inventory-build-demand-worries/

Unlisted Stocks' Traders Gain N50m Tuesday
https://businesspost.ng/economy/unlisted-stocks-traders-gain-n50m-tuesday/

MTN Nigeria, Lafarge Africa Put NSE on Cloud 9
https://businesspost.ng/economy/mtn-nigeria-lafarge-africa-put-nse-on-cloud-9/

IMF Looks into Nigeria’s Request for Financial Help
https://businesspost.ng/economy/imf-looks-into-nigerias-request-for-financial-help/

Nigeria's External Reserves Now $34.7bn
https://businesspost.ng/economy/nigerias-external-reserves-now-34-7bn/

Caverton Says Pilots Unduly Punished by Wike, Seeks FG’s Help
https://businesspost.ng/travel/caverton-says-pilots-unduly-punished-by-wike-seeks-fgs-help/

Good day people, please I want to ask. Is Oando suspended from trading? If not, can there be possible turn around for them in the next one year in terms of capital appreciation so far they are not likely to pay dividend?

PETERiCHY:


Yesterday i dreamt WAPCO dropped a BANGER result.

WAPCO published Q4-19 and 2019FY audited financials this morning. The result showed that the company’s 2019FY EPS settled NGN7.15/share, up from a loss position in the previous year. The positive outturn was driven by the one-off gain from the sale of Lafarge South Africa Holdco. (LSAH) in Q3-19.

WAPCO’s core earnings got a lift from the material decline in finance charges (-51.5% y/y) as the company reduced its total debt outstanding to NGN37.1 billion, from NGN288.9 billion in the prior year. Overall, the company returned to profit, as PBT settled at NGN17.89 billion, following two consecutive years of pre-tax losses. Also, PAT grew by 91.6% y/y.

we expect investors’ reactions to remain positive in the near term. Our last communicated fair value estimate was NGN26.22/share. Our estimates are under review.

https://investadvocate.com.ng/2020/04/06/wapco-returns-to-profitability-with-pat-growth-of-91-6-y-y/

BARGAIN HUNTERS TAKE NOTE!

onegentleguy:


OFFICIAL STATEMENT FROM CAVERTON GROUP...

“At the start of the COVID-19 lockdown, we received a letter from our client stating that they have been given approval/ exemption to fly and continue operations.
We (Caverton along with three other companies) also received approval from the Minister of Aviation to fly only essential services, mainly in the Oil and Gas industry”.

“Lastly, we got another approval from the Nigeria Civil Aviation Authority (NCAA) to fly for this same oil and gas sector. We have been flying along with these guidelines for the past seven days”.

“Today, we were informed that the Governor of Rivers State, Mr Nyesom Wike was coming to address the operators in Port Harcourt and our people waited. But on arriving, the governor directed two of our pilots to be taken to CID where they were told to write statements".

“Despite all pleas by our lawyers who showed all the relevant documents, they were taken to the magistrate court and charged. At the court, our lawyers also presented all the documentations approving us to fly by the federal government but the case was closed and the pilots have been remanded in Port Harcourt prison till the 19th May.”

“We appeal to the federal government to urge the Rivers State government to release our pilots who violated no law and are being unduly punished for reasons we still do not understand.”

https://www.vanguardngr.com/2020/04/breaking-caverton-appeals-to-fg-to-prevail-on-wike-to-release-its-detained-pilots/

It was just as expected.
Like I said before; this is a very minor matter. ...so there's absolutely NO need to fret.
It will be sorted out.

Selah

cc: @DeRuggedProf

Wike want his 1 Billion.

He is Angry that people are still doing business in oil rich Rivers, while others Lagos with no business is getting the billions.

OBAGADAFFI:


Wike want his 1 Billion.

He is Angry that people are still doing business in oil rich Rivers, while others Lagos with no business is getting the billions.

f
Imagine, Amechi not helping matters and coming back home.........This gives credence to d tune that Caverton is heavily supported by guys in current administration........

maishai:
f
Imagine, Amechi not helping matters and coming back home.........This gives credence to d tune that Caverton is heavily supported by guys in current administration........

Yes,

The VP helicopter that crash is from Caverton.

Apart from Amechi, I learnt Caverton Choppers are still moving Oil workers from Rig locations.

OBAGADAFFI:


Yes,

The VP helicopter that crash is from Caverton.

Apart from Amechi, I learnt Caverton Choppers are still moving Oil workers from Rig locations.

Not only Caverton. Did you read the report from caverton. About 4 operators were given permission by the ministry of Aviation and NCAA. They are under essential services

emmanuelewumi:



Not only Caverton. Did you read the report from caverton. About 4 operators were given permission by the ministry of Aviation and NCAA. They are under essential services

Wike might be claiming that he was the one that declared lockdown in the state and not the federal government. And as such, any exemption must come from him.

If that is his thinking, then it will be very sad. I wonder how some people cannot do anything without giving it a political colouration

pluto09:



Wike might be claiming that he was the one that declared lockdown in the state and not the federal government. And as such, any exemption must come from him.

maishai:
f
Imagine, Amechi not helping matters and coming back home.........This gives credence to d tune that Caverton is heavily supported by guys in current administration........

Ok... na naw u dey know about the part in bold?
It's alright.

onegentleguy:
https://nairametrics.com/2020/03/20/fg-closes-3-airports-over-coronavirus/

...more earnings accrual for CAVERTON as their helicopters fleet serve as an alternative means to certain select class of air transportation.

Around my home, I have observed that the No of helicopter movements to and fro the Naval Air force base in PH(where CAVERTON has their zonal office) has more than tripled !!

...it'd be interesting to see how their Q1 2020 result will look like. YE 2019 FP should come in good, given that the company was already ahead of estimate as at Q3 2019 compared to YE 2018.

CAVERTON is one of the few coys I consider antifragile (can benefit from) in light of the current event from covid-19.

OBAGADAFFI:


Yes,

The VP helicopter that crash is from Caverton.

Apart from Amechi, I learnt Caverton Choppers are still moving Oil workers from Rig locations.

Absolutely !!
See past post above.

rebekah2011:
If that is his thinking, then it will be very sad. I wonder how some people cannot do anything without giving it a political colouration

It is really unfortunate that he is trying to politicise the issue, some of his utterances are to say the least disappointing.

DAILY STOCK MARKET GUIDE FOR 8 APRIL
Bulls about to show up. Market now optimistic on OPEC production cut, with shale producers & other oil producing Countries likely to agreed. This is a game changer for the market, probability of this #week ending on the positive side is high.

MSCI still around the corner, but transaction volume is still low.

Other data as at this morning 8 April 2020:
Loss for the week: -0.80%
Loss for the Month: -1.76%
Loss for the Qtr: -1.76%
Loss for the year: -22.04%

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
(Modify) (Quote) (Report) (Share)

E Ku market o
Wapco at 11.80 is still a good deal, especially for medium/long termers....my opinion.
Not an advert.

Updated: now on full bid. Moneybags are reasoning its matter

Eku fcmb o.
A good buy at current price

pluto09:



Wike might be claiming that he was the one that declared lockdown in the state and not the federal government. And as such, any exemption must come from him.

The pilots will be kept in the prison for another 12 days, while the police is continuing with their investigations. And the magistrate granted their request without giving them the option of bail while the investigation is going.

The judiciary in Rivers is something else, we know what happened between Kemi Olunloyo and a Popular in that same Rivers State

locodemy:
Eku fcmb o.
A good buy at current price

Marketing strategy.

This one wey oga yok don show again, bull don land b dat. Mini-bull or mega-bull, bull nah bull.

yok:
DAILY STOCK MARKET GUIDE FOR 8 APRIL
Bulls about to show up. Market now optimistic on OPEC production cut, with shale producers & other oil producing Countries likely to agreed. This is a game changer for the market, probability of this #week ending on the positive side is high.

MSCI still around the corner, but transaction volume is still low.

Other data as at this morning 8 April 2020:
Loss for the week: -0.80%
Loss for the Month: -1.76%
Loss for the Qtr: -1.76%
Loss for the year: -22.04%

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
(Modify) (Quote) (Report) (Share)

leo1234:


Marketing strategy.

Abi naah. Abeg leave oga Loco make he sell market

Is their hope for capoil gurus as I mistakenly buy 500k units before doing my research that it was in second tier

Market is paying handsomely.
This is one of the reasons I leave cash in my trading account.

What could I have done now if I didn't have money and some stocks to rebalance portfolio at this time.

Those analog traders that always carry cash at hand will be looking for a way to credit their trading acct but no bank is working now.

Believe me,noboby expected any bull at this time and few people are benefitting it now especially those of us always on this thread listening to Onifa

onegentleguy:
I endorse this post.
...but I'll be more inclined to adhering to the 2nd part in bold than the 1st.
Everything will depend on one's investment personality, strategic play and investment horizon though.
Regards

Well said sir. Thanks for the insight.

abuhusna1:
Is their hope for capoil gurus as I mistakenly buy 500k units before doing my research that it was in second tier

My oga, if you continue like this, your shirt go tear ooo

OBAGADAFFI:


Wike want his 1 Billion.

He is Angry that people are still doing business in oil rich Rivers, while others Lagos with no business is getting the billions.

Like I said; the matter is a very minor one.
...It will be resolved in earnest !!

CAVERTON remains a strong BUY. ...in fact, accumulate !!

It is well.

seyisanya:
My oga, if you continue like this, your shirt go tear ooo

What of a whole peterichy that despised the caution/ red flag given by pa Emma on Uacn few days ago and he proudly grabbed a copy yesterday for the sake of dividend and unbundling.

Leave the capoil guy alone.Afterall he hasn't paid any school fees before.

locodemy:


What of a whole peterichy that despised the caution/ red flag given by pa Emma on Uacn few days ago and he proudly grabbed a copy yesterday for the sake of dividend and unbundling.

Leave the capoil guy alone.Afterall he hasn't paid any school fees before.

I still have some shares of UACN

Their 2019 financial report will give us an idea of what to expect from the business.