RabbiDoracle:


No effect.

US must cut that their production.

Ours is Bonny Light.

Mcy56:

OK. Thanks sir.
Wrong info is currently trending cos some people don't know the difference btw the US shale oil and our brent. At least this clarifies it.

RabbiDoracle:


If NBrew goes to 36.50 tomorrow without Profit taking, this is 62% gain from the low of 22.50.

stcool:
This week presents the last opportunity to bail out from the market...

Reality kicks in from next week until yr end.

A word is enough....CASH is KING

NSE is not NYSE...CBN is not FED!

BAMOFIN1:


This post by stcool needs to be taken seriously. It is common knowledge that the current bull in the Nyse is artificial as it is the handwork of the Feds buying shares and bonds to delay market crash before the US election. Most enlightened investors are sitting on cash knowing that the fed's effort cannot be sustained to November. Buffet is currently sitting on billions of dollars in cash and he is selling some of his holdings. We have no Cbn cash to prop our exchange. May be instead of cashing out as suggested by stcool, we should from fresh investment and be very very watchful as the repercussion of the events of the last two months begins to manifest.

Mcy56:

OK. Thanks sir.
Wrong info is currently trending cos some people don't know the difference btw the US shale oil and our brent. At least this clarifies it.

handsomebolanle:


Its actually serious.... There are future concerns on mitigation ..But will it work??.. Storage cost is piling up even for Nigeria....
OPEC can keep doing the cut and cut....

The real issue is the fundamental *Until there is [/b]Demand[b]*
How this will cause a ripple effect to us...analysts will have their views and opinion...
But this I say is the current reality...

RabbiDoracle:


Then shut in Wells. Supply will reduce as storage spaces are full. All of them can't keep pumping.

RabbiDoracle:


Then shut in Wells. Supply will reduce as storage spaces are full. All of them can't keep pumping.

Mcy56:

There's nothing special about it. You seems not to understand my point here.
There was no block sale of 100k units, hence the price didn't change; that was what I implied.
Even if there's something special, the usual dumping will still occur in response to the poor dividend payout.

PETERiCHY:


From January to December CASH is KING
When do you now put your CASH to use

IYGEAL:


The part in bold points to what Sinclair (OGG) said about offers not coming from heavy holders.

dinyelutochukwu:

@IYEGAL, flesh and blood did not reveal this to you sir.
I have been on this platform long enough not to doubt the technical analysis of OGG. Not like he is infallible, but when the outcome of his analysis turns out correctly 99% of the time, why doubt?
Even if UACN goes to the abyss (20k) I’ll HOLD. I may not amass more but I’m surely not selling my stake.
@Peterichy, this may be a long ride o!

RabbiDoracle:


No effect.

US must cut that their production.

Ours is Bonny Light.

OBAGADAFFI:


The solution is to start opening up the Economy.

stcool:


I keep shouting until reality sets in...I will just laugh!

Its shale oil falling, it's not Nigeria Brent.... wait for the weeks ahead all will follow suit.

Even the stimulus to small businesses from FED is currently exhausted. Once it comes to a point the market says FED can't fix it...that is the real crises for the market...how long can FED keep pumping before the market says this is not working.

Hold CASH in coming months...I rest my case!

Nigeria has not been able to offload cargoes for weeks now even at $9 discount from price.

PETERiCHY:


From January to December CASH is KING
When do you now put your CASH to use

stcool:
I told you this week is last opportunity to sell off and hold cash...till Q4 2020

Its OK to ignore...A lot of money will be wiped off from NSE!

Be wise...Bailout now or get wiped out!

RabbiDoracle:
Singapore index
Niffty India
NSE Bank Nigeria
Zenith Bank Nigeria

Spot the difference.

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/29707_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

63% increase in PAT from 2019 to 2020. I am impressed!

Godisfaithful:


AUDIO

Justcul:


There is no Audio here, the bank and its group have been on recovery since the new management took office, FBNH is 24% green in my portfolio. Second only to UBA.

Value is found when you buy a stock, I'm not selling anytime soon.. I intend to HOLD and accumulate if the price eventually drop below 4.

FBNH is trying to recover its lost glory in my opinion and the present management is doing far better than the previous.

Not a buy or sell recommendation but I'm happy with recent improvements in FBNH's Fundamentals..