stcool:


Exactly...but the guy wants me to paint a slight picture.

You are selling @$12 with no single buyer and its cost you about $30 to produce same barrel

Tell me where you are heading...recession is an understatement unless the unexpected happens!

Worst is our leaders don't even know warris happening... The governors are waiting for month end to rush to Abuja to share money. Until dey will hear no money one day!

You can't keep money in the bank if the country goes down. Banks will be wiped off as well

So where do you keep the money? You want to heap money under MATTRESS?

Nigeria will not learn from this event. Though this event is worst than 2014 to 2016 oil price decline. I must confess.

Ghana lift lockdown.. as workers to go back to work.. but schools and religious centers remain under lockdown.. Oga president can’t stand anymore red I guess

TraDeRR:
Ghana lift lockdown.. as workers to go back to work.. but schools and religious centers remain under lockdown.. Oga president can’t stand anymore red I guess

Germany, Spain, Austria, Italy. They are all opening up.

Hunger wan finish them.

They are saying all die na die.

RabbiDoracle:


You can't keep money in the bank if the country goes down. Banks will be wiped off as well

So where do you keep the money? You want to heap money under MATTRESS?

Nigeria will not learn from this event. Though this event is worst than 2014 to 2016 oil price decline. I must confess.

Oga Oracle my point is better to hold Cash both in Naira and $...becos once e don red...

NSE is always first to get hit hard! You can't hold unto a Zenith @N12 and watch it go down to N8 when you could have easily kept your cash and buy later at N9 when its all over.

Remember in a crisis...Shares can even trade at zero...but the entity may survive or get a bailout. Just saying.

abuhusna1:

Bro we understand what you mean but please let us think straight cos you are causing panic for real. Not every stock would be immediately affected. You may warn those with oil and gas first cis they will be the first to feel the heat rather than tell us all to sell sell as if NSE wants to crash

This isn't panic na. So don't shout down at people who share their own opinions.

Countries are opening up for companies to start production and I expect manufacting to gradually pick up.

After this, a serious risk analysis will be done and human element will be eliminated or reduced from production of goods and services.

Una go soon dey wage war against machines that will take over your jobs soonest.

RabbiDoracle:


You can't keep money in the bank if the country goes down. Banks will be wiped off as well

So where do you keep the money? You want to heap money under MATTRESS?

Nigeria will not learn from this event. Though this event is worst than 2014 to 2016 oil price decline. I must confess.

Dem say weytin you no know no go kill you na true oo..
Something like this happened in 2014-16 and I was living my life peacefully but now that I’m in the game I don drink 1kg coffee finish under 2 weeks just to keep me woke .. fx and stock double wahala.. I want my life back!!!

stcool:


Exactly...but the guy wants me to paint a slight picture.

You are selling @$12 with no single buyer and its cost you about $30 to produce same barrel

Tell me where you are heading...recession is an understatement unless the unexpected happens!

Worst is our leaders don't even know warris happening... The governors are waiting for month end to rush to Abuja to share money. Until dey will hear no money one day!

Stop saying what you do not understand.

RabbiDoracle:


Germany, Spain, Austria, Italy. They are all opening up.

Hunger wan finish them.

They are saying all die na die.

Lol

stcool:


Oga Oracle my point is better to hold Cash both in Naira and $...becos once e don red...

NSE is always first to get hit hard! You can't hold unto a Zenith @N12 and watch it go down to N8 when you could have easily kept your cash and buy later at N9 when its all over.

Remember in a crisis...Shares can even trade at zero...but the entity may survive or get a bailout. Just saying.

You have overflogged this issue. Considering most people on here did not ask for your opinion when they wanted to build their portfolio, making it sound like Armageddon has arrived won't help to push your case. Why not let it rest? Moreso, not everyone here is a trader. So, giving a blanket advice of SELL (mostly unsolicited) gives the impression that you might have an agenda. Let everyone stick to their plan. If you're in cash, we are happy for you. If you are in sound coys, we are happy for you.

leo1234:


Stop saying what you do not understand.

https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/Nigeria-Boasts-Oil-Production-Cost-of-23-Per-Barrel.amp.html

$23 average as at 2019...so what are you saying. Do we have current official figures for 2020?

stcool:


Oga Oracle my point is better to hold Cash both in Naira and $...becos once e don red...

NSE is always first to get hit hard! You can't hold unto a Zenith @N12 and watch it go down to N8 when you could have easily kept your cash and buy later at N9 when its all over.

Remember in a crisis...Shares can even trade at zero...but the entity may survive or get a bailout. Just saying.

Where you go hold am? For pocket? E get cash wey no fit enter pocket o.

The panic was in March 2020. I could be wrong o if there is another one loading. But in my opinion, it isn't going to be earth-shattering like that of March.

abuhusna1:

You will only be able to log in after filling and sending all the necessary documents to them

I'm a registered and frequent user of the website for trading. However, yesterday, i could not gain access. I tried this morning same issue.

thesilentone:


You have overflogged this issue. Considering most people on here did not ask for your opinion when they wanted to build their portfolio, making it sound like Armageddon has arrived won't help to push your case. Why not let it rest? Moreso, not everyone here is a trader. So, giving a blanket advice of SELL (mostly unsolicited) gives the impression that you might have an agenda. Let everyone stick to their plan. If you're in cash, we are happy for you. If you are in sound coys, we are happy for you.

Stcool See your stone

BAMOFIN1:


Dear Oga Onegentleguy, it not very satisfactory for you not to DIRECTLY address the issue of the competence, integrity and ultimate aim of the new investors of Uac as repeatedly mentioned by Mr. Emmanuelewumi while you continue to paint Uac as desirable. We all know that a management with ulterior motive and personal interest will soon decimate the interest of retail investors. Such managers render all analyses and assessment of fundamentals, such as yours, irrelevant. Pa Ewumi has opined that the new investors are self centred corporate raiders from the same stable as oando's former management whose sole interest is make profit from Uac for themselves and not to turnaround the company. Example was given of how their first act was to triple the salary of the manager. Sir, it is desirable for you and Mr Oakpearl to inform us whether you think the new investors are OK to achieve the dreamed Uac and whether you have factored in these concerns into your accumulation position.

1st off, I'd like to commend ur manner of approach.
...it's indeed worthy of emulation, and why for the uptenth but maybe the last time, I'll talk about UACN.

When the said discuss on concerns surrounding management intent on value creation over planed divestitures as well as that of the group's 'black sheep' UPDC was 1st raised by Mr TLAX, I addressed the matter here.(refer to link below)
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5511#88100250

If u also dig back to the past, u'd find several post(a whole lot) I made on UACN right from when the coy was selling for N4.50 !!(issued a buy recommendation then before it rose to a yr high of N11+)
I followed that up with several analysis on VALUATION(looking at all possible divestures with certain subsets of the group) and the benefits from the proposed unbundling. ...KEY determinants like the Altman z-score, Petroisky f-score, Barniesh m-score, Sum of the parts technique, EM bootstrapping and Unbundling margin(to mention a few) were all used at the time.
...I have done enough my dear.
At this point, I do not intend to convince anyone over anything.

Its really funny that some folks quickly relate asset divestiture to value stripping without PROPERLY looking at how such assets(being divested) equate to value for the group.
Wonder if it would have been better for UACN to continue to accommodate loss making business entities like UPDC or other less progressive subsets like MDS logistics when infact they clearly feed off the VALUE drive of the group.
Its important to look to divest from entities that are parasitic and build on the ones that are symbiotic as u focus on ur areas of business strength.
...that's what the group(UACN) has set out to do !!
What is more? They are doing it, returning a part of those 'disposals' to stakeholders unlike what the likes of some like TRANSCORP did with the hospitality business arm.
And I laugh when people compare UACN to OANDO. There's a world of difference my dear !! ...a very big one at that.

Finally, except the intent from those screaming is machiavellian, there's ABSOLUTELY nothing outside the ordinary with the just released UACN report.
The group witnessed an appreciable growth in revenue and PAT MARGIN. ...with PAT from continuous operation up 28% and EPS up by above 37% to N1.32. Both growth pegs are higher than the acceleration in admin expense where concerns were recently raised.
For emphasis, what magt did was to cut down on the initially high workforce and increase the pay of those who they think can deliver. While I am also critical of the surge on the CEO remuneration in particular, I understand why QUALITY should be prioritized ahead of quantity at this time.
Then there are also other clear improvement seen accross several key indices. ...with certain positive items in the YE report that I'd prefer to leave for latter.
That, plus the accrued benefits from valuation and unbundling is the area u should FOCUS on.
The stock is a strong BUY even @ the current mkt price.
The thing about loss from discontinued operation was already 'a requisite part of the books'.

On the 2nd part in bold, I can see reward in the report so am clinging thight to this coy.
I wonder how some folks interpret financial prints, unless they aren't seeing and where necessary, computing certain figures.

UACN is just one stock out of so many quoted coys on the exchange, yet it's on everybody's lips.
U should know why.
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5534#88266191

Like I said; I am also waiting to ACCUMULATE much more as price drops.

NOTE: NOT to be infered as any sought of recommendation.
My advice: Pls follow ur instinct.

TraDeRR:


Dem say weytin you no know no go kill you na true oo..
Something like this happened in 2014-16 and I was living my life peacefully but now that I’m in the game I don drink 1kg coffee finish under 2 weeks just to keep me woke .. fx and stock double wahala.. I want my life back!!!

In 2014 to 2016, the slide took months till it got to 27. But this is happening under 2 months.

Don't worry, it will pass too.

I said instead of make K-leg dey production, the world will choose sides and pick a fight. E don dey set, accusations and counter accusations.

RabbiDoracle:


Where you go hold am? For pocket? E get cash wey no fit enter pocket o.

The panic was in March 2020. I could be wrong o if there is another one loading. But in my opinion, it isn't going to be earth-shattering like that of March.

My point is the possibility of FBHN trading @N1 on the NSE while the entity survives a crises and your money will be intact in your account.

Off course FBHN can't be wiped out unless Nigeria seizes to exist.

Anyways let me stop here! They are already crying that I am predicting doom

Southern journey has begun.

stcool:


My point is the possibility of FBHN trading @N1 on the NSE while the entity survives a crises and your money will be intact in your account.

Off course FBHN can't be wiped out unless Nigeria seizes to exist.

Anyways let me stop here! They are already crying that I am predicting doom

FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

stcool:


https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/Nigeria-Boasts-Oil-Production-Cost-of-23-Per-Barrel.amp.html

$23 average as at 2019...so what are you saying. Do we have current official figures for 2020?

So how did you get $30 as cost of production.

TraDeRR:


FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

lol

TraDeRR:


FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

With N30 billion you will own 100% of FBN, what are you waiting for?

emmanuelewumi:


With N30 billion you will own 100% of FBN, what are you waiting for?

Pa Emma oooooo

Brent below $20

The ASI has resumed its downward drive, following after the retracement in Banking Stocks like i announced last week. There is a possibility of rebound by Friday but with the move in oil prices, we cannot be certain. Let us be careful not to lose money, this is not the best time for same.

TraDeRR:


FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

Not necessarily

My point is if you have funds in the market...take profits as they come unless you have a 5yrs horizon

But if you are putting new funds now with all that is happening and you expect bumper harvest...apply caution.

There is a divergence in the chart. If prices move back upwards before Friday, that would be a good sign. Else.....

thebargainhunte:
Brent below $20

TraDeRR:


FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

Not necessarily

My point is if you have funds in the market...take profits as they come unless you have a long term horizon

But if you are putting new funds now with all that is happening and you expect bumper harvest...especially JiJo apply caution.

When you buy always bear in mind that official last price is 20k

That save yourself a whole lot of trouble.

TraDeRR:


FBHN at 1 please don’t tell me I will have to go to luth to look for Transcorp.. I don die oo ! Ha!

emmanuelewumi:


With N30 billion you will own 100% of FBN, what are you waiting for?

You.. I’m waiting for you.. after you don buy I will submit application letter as your personal cleaner..

Sabiboy99:
Good Morning Investors

The future is green

where is STOCK BULL @feelamong @Borntoberich @jamace and @Meshpips...

I am here sir.

Passengers....

Bomboclad:
After the markdown, FBNH would reverse @ N4.2 ...passengers take note!

Bomboclad:
There is a divergence in the chart. If prices move back upwards before Friday, that would be a good sign. Else.....

Brent trading below $20 is dangerous.It is over 20 yrs Brent retest this kind zone. I hope that it moves up above $20 soonest.