Tried getting Skye @ 0.56 today but couldn't. That was the price I got it last time and made something out of the trade. Will try again Monday.

zendi:

Sabbath and Cherubim & Seraphim members, over to you,
just grab Access Bank.

Sir, why you dey name my church for NSEMPA?

PETERiCHY:



http://in.mobile.reuters.com/article/idINL8N1B72SR?irpc=932

LAGOS, Aug 26 (Reuters) - Nigeria's naira was quoted at an all-time low of 412 per dollar on the parallel market on Friday as a dollar shortage persists, traders said.

Traders said some bureaux de change operators have been finding it difficult to access their forex account and get dollar supply after the central bank suspended nine commercial lenders from the market, putting further pressure on the local currency.

N500 here we come

The problem CBN wanted to solve by banning the banks might boomerang.

phetty:


The problem CBN wanted to solve by banning the banks might boomerang.

Might boomerang or has boomerang

PETERiCHY:


Might boomerang or has boomerang

I have a brother that wanted to pay his school fees through form A via diamond bank. His account officer has told him the process has been placed on hold due to the ban.

He called a contact in GTB, the guy said he would have to wait for 6 weeks before it gets to his turn cos there are several applications on ground already, and there's also shortage of FX supply.

phetty:


I have a brother that wanted to pay his school fees through form A via diamond bank. His account officer has told him the process has been placed on hold due to the ban.

He called a contact in GTB, the guy said he would have to wait for 6 weeks before it gets to his turn cos there are several applications on ground already, and there's also shortage of FX supply.

What about withdrawers from ATM in Europ with your GTB MASTER CARD..my friend is not withdrawing much, she just need 500 Euro which she has been having difficulty getting here in Naija.I hope she wont have issues withdrawing money from GTB her account while in Europe?though we understand the limit is 300 Euro per day.

Guys is Fidelity a good buy.Just got mine at I.3 yesterday and 0.97k today.

omoharry:
What about withdrawers from ATM in Europ with your GTB MASTER CARD..my friend is not withdrawing much, she just need 500 Euro which she has been having difficulty getting here in Naija.I hope she wont have issues withdrawing money from GTB her account while in Europe?though we understand the limit is 300 Euro per day.

It's an online masters degree. So he pays from Nigeria.

I welcome all the Newbies in the house to this wonderful forum. I can see the rate at which we are having new posts from new monikas...this is the place to be...
Meanwhile, am eyeing UCap, FBNH, OANDO, eternal oil, this is for medium term , just increasing my stakes in them...

cadno:
I welcome all the Newbies in the house to this wonderful forum. I can see the rate at which we are having new posts from new monikas...this is the place to be...
Meanwhile, am eyeing UCap, FBNH, OANDO, eternal oil, this is for medium term , just increasing my stakes in them...

at what price sir? .

The stocks you mentioned, ucap, fbnh oando are all good for long term, certainly not medium term

Please im a new bee and i need a good site where i can buy stokes, need someone to mentor/tutor me too

TIMELY ADVICE...

If you are a newbie stay far away from OANDO and ETERNA OIL... They are stocks used as consolations in the game! If the gamemasters loss funds, they make gains from those stocks... The newbies bear the loss... BE SMART!!!

THE BIG SMART GUY

omoharry:
Guys is Fidelity a good buy.Just got mine at I.3 yesterday and 0.97k today.

Fidelity is cool, at least you have averaged down reducing your cost basis..

the week ahead would show if 0.97 is its support.

k

TRANSCORP and CADBURY, I'm still patiently waiting @ #0.90k and #10 respectively... As for UCAP, I can only consider it @ #1.50 or below... Watching with my eyes wide open!!!

THE BIG SMART GUY

godlyguy:
TRANSCORP and CADBURY, I'm still patiently waiting @ #0.90k and #10 respectively... As for UCAP, I can only consider it @ #1.50 or below... Watching with my eyes wide open!!!

THE BIG SMART GUY

how many units are you buying?

ihedioramma:
how many units are you buying?

The guy dont know how to study stocks........His predictions will disappoint him and he will not be able to buy anything.most stocks especially the bank stocks will trade at their lowest next week and may not deep further after the week.The reason i am saying this is because of GTB which has attain a new high when other bank stocks are falling.I think there are other experts in the house who can explain this better than me.......if they truely understand my point.

[color=#550000][/color]
Please, anybody, help a new guy out. Please

omoharry:
What about withdrawers from ATM in Europ with your GTB MASTER CARD..my friend is not withdrawing much, she just need 500 Euro which she has been having difficulty getting here in Naija.I hope she wont have issues withdrawing money from GTB her account while in Europe?though we understand the limit is 300 Euro per day.

Point of correction ; GTBank is equivalent of $100/day for ATM withdrawals and $1000 for POS/Online but please note that cummulative limit accross all channels per month is $1000 meaning if you decide to do $1000 PIS /online first day of the month, you card is technically useless till the next month.

locodemy:


The guy dont know how to study stocks........His predictions will disappoint him and he will not be able to buy anything.most stocks especially the bank stocks will trade at their lowest next week and may not deep further after the week.The reason i am saying this is because of GTB which has attain a new high when other bank stocks are falling.I think there are other experts in the house who can explain this better than me.......if they truely understand my point.

yes . he is happy that he bought dangote flour at #3.98

locodemy:
oga Nuttychoky.......how far? your wapic nko?hope you have some cash now to draw water?

Nna loco... the reason I like this forum is that it makes person to cross check any assumption... Once you and Intendy pointed it out and I saw the mistake in my model, I sold EVERYTHING the next day, half at 0.52 and half at 0.50...

Man no die, man no rotten

drdams:


Point of correction ; GTBank is equivalent of $100/day for ATM withdrawals and $1000 for POS/Online but please note that cummulative limit accross all channels per month is $1000 meaning if you decide to do $1000 PIS /online first day of the month, you card is technically useless till the next month.

thanks for the clarification, you sound like an insider.
pls what is the update right now? is gtb meeting small forex demands, given the prevailng forex scarcity?
i'm looking for a means to make online payments, although not currently a gtb acct holder.

I'm ready to continue bailing out SKYE BANK until it gets to my targeted sell price... I got additional more than a million units of First Bank on Friday... I have equally set a sell target for First Bank!!!

THE BIG SMART GUY

Godisfaithful:



Sir, why you dey name my church for NSEMPA?

your church needs to invest in the candle making business
because they're net consumers of the product.

FBN Eurobond yields have dropped from 22% (junk status/high risk) to 16%
#rebound

FYI
By their yield you shall know . .
GTB 2017 +5.99%
Access 2017 +6.94%
Zenith 2019 +7.73%
Access 2021 +14.2%
FBN 2020 +16.21% (used to be ard 22%)
Fidelity 2018 +20.62%
Diamond 2019 +22.49%


- fidelity & diamond have taken over from FBN in terms of risk perception
- both banks under bearish pressure / sell off
- FBN rebounded in d past weeks gaining over +6%
- eurobond is a good hedge against naira but min required is $200k FV , most pay interest half yearly

for further info on closing rates
chk: http://www.fmdqotc.com/wp-content/uploads/2016/08/FMDQ-DQL_-Aug-26-20161.pdf


#justObserving

another observation


-NGE ETF cash position has been growing in the last week.
-shares held has been on d increase across portfolio
-I chk from time to time. Esp when mkt is somewhat bearish but volumes are growing and above average for some coy (d MIB way)


FYI chk:
http://www.globalxfunds.com/funds/nge/

godlyguy:
I'm ready to continue bailing out SKYE BANK until it gets to my targeted sell price... I got additional more than a million units of First Bank on Friday... I have equally set a sell target for First Bank!!!

THE BIG SMART GUY

Set your First Bank sell target to 2.00
Will be ready to buy your one million units at that price .

fxuser:

FBN Eurobond yields have dropped from 22% (junk status/high risk) to 16%
#rebound

FYI
By their yield you shall know . .
GTB 2017 +5.99%
Access 2017 +6.94%
Zenith 2019 +7.73%
Access 2021 +14.2%
FBN 2020 +16.21% (used to be ard 22%)
Fidelity 2018 +20.62%
Diamond 2019 +22.49%


- fidelity & diamond have taken over from FBN in terms of risk perception
- both banks under bearish pressure / sell off
- FBN rebounded in d past weeks gaining over +6%
- eurobond is a good hedge against naira but min required is $200k FV , most pay interest half yearly

for further info on closing rates
chk: http://www.fmdqotc.com/wp-content/uploads/2016/08/FMDQ-DQL_-Aug-26-20161.pdf


#justObserving

Talking bonds, I seriously would not mind a 20% paying bond, I have tried so many times on meritrade platform but the deal does not sail through..... mind putting me thru

locodemy:


both stocks you mentined are not in my list for now.........my top list:FBN,UBA,DANGOTE FLOUR,TRANSCORP,FCMB and UCAP but they are not yet at my junction......

I already have oando.bought at #5.00 months back.

You should consider selling it the moment it crosses your cost price

godlyguy:
TIMELY ADVICE...

If you are a newbie stay far away from OANDO and ETERNA OIL... They are stocks used as consolations in the game! If the gamemasters loss funds, they make gains from those stocks... The newbies bear the loss... BE SMART!!!

THE BIG SMART GUY

Thanks bro. Good advice. Those who do no know will end up holding the short end of the stick in Eterna

hmmm...