Dangote is only speaking for himself............He makes no sense..........He is one of the few benefiting from subsidy handout..............I just want the old man to start doing something or else the 84 scenario will repeat itself...............

thorland:
http://www.vanguardngr.com/2015/07/if-theres-no-subsidy-well-end-up-buying-a-dollar-at-n500-dangote/

Dangote should point out how many Nigerians are benefiting from the subsidy? The subsidy is a scam and only meant for the oil and gas cabal. It is high time will view things and stand for the truth. Saying Dollar will be exchange for 500 Naira is just a bogus anticipation of creating fear for the new government. Anyway, Let's see what the president we do. The fact that majority of Nigerians support the need to remove the oil subsidy and use the fund for something productive...Anyway, we are waiting to hear from the President

@ myjoy, from my own understanding. Dangote was not siding the government rather he was trying to caution them on the need to block all the loopholes and make subsidy payment more beneficial to downtrodden masses. It is the duty of the government to pay the subsidy & monitor to see that subsidy is judiciously used.

I am not for or against Dangote or our corrupt government but policy that will benefit me as a citizen.

angrybull:
@ myjoy, from my own understanding. Dangote was not siding the government rather he was trying to caution them on the need to block all the loopholes and make subsidy payment more beneficial to downtrodden masses. It is the duty of the government to pay the subsidy & monitor to see that subsidy is judiciously used.

I am not for or against Dangote or our corrupt government but policy that will benefit me as a citizen.

Absolutely right sir. As u said, irrespective of which decision the government take, i just want to see that Nigerians benefiting most not the few and selfish class of people.

Justcul:
@stockbull, pls can you list atleast 3 stocks you think would out parfom the market in the next 12 months?

Leave dd to me! Thanks

uac-prop @9 ,fbnh @6.50 ,skye bank @1.90 ! You will get them at the prices!

Thank goodness... I'm making money while I sleep. Care to join me in the world of MAPs where money never sleep, then chat me up on whatsapp via 08068677508. Financial Freedom Activated........ #OnlyIfYouCanPertake

Phlaser:
Thank goodness... I'm making money while I sleep. Care to join me in the world of MAPs where money never sleep, then chat me up on whatsapp via 08068677508. Financial Freedom Activated........ #OnlyIfYouCanPertake

You are on wrong thread, this will not fly here.

Phlaser:
Thank goodness... I'm making money while I sleep. Care to join me in the world of MAPs where money never sleep, then chat me up on whatsapp via 08068677508. Financial Freedom Activated........ #OnlyIfYouCanPertake

Try and locate urself. Ure lost here. Find ur level.

Someone should please explain EPS very well for me. Am seeing Oando EPS in -ve.

manie:



You are on wrong thread, this will not fly here.

boss have been a follower of you right from the teaching job. honestly most your post have been inspiring nd educative.
am follow you bumper too bumper also looking to share a better testimony than this in the nearest future.
you can as well take me as one of your apprentice.

manie:



You are on wrong thread, this will not fly here.

Pls help me out .I don't know any thing about this stock market,believe is what I refer as shares. My problem is that my dad has shares in different oil company like Oando, conoil and others but he does not have a stock broker and don't follow his dividends. He don't receive any dividends. Maybe coz of the postal address he use. Now he is late and I want to go about all his share so it will stop wasting. I have al the share certificate.........pls I need advice

stockbull:
i dont always go with clear contrast between the idea of fundamentally strong and weak companies because there's no collective parameters or components of financial stability set aside as standard measure to justify a company being strong or not;therefore,it's subjected to perception,the analyst's knowledge and experience and philosophy as per,how the company should manage its resources to increase productivity and also,the understanding of the nature of the company's business,their policies,government's policies towards the sector in which the company operates e.t.c in predicting the prospective impacts these would make(usually known as future growth).
With the aforementioned,i could say costain is not fundamentally strong compared to other stocks that are better.

All this English to answer if a stock is fundamentally sound or not? There is fire on the mountain!

NextProdigy:


All this English to answer if a stock is fundamentally sound or not? There is fire on the mountain!

Smh!

Primetech where art thou? You are our costain recommender in-chief. If you're not out to mislead, present your costain case now.

stockbull:
i dont always go with clear contrast between the idea of fundamentally strong and weak companies because there's no collective parameters or components of financial stability set aside as standard measure to justify a company being strong or not;therefore,it's subjected to perception,the analyst's knowledge and experience and philosophy as per,how the company should manage its resources to increase productivity and also,the understanding of the nature of the company's business,their policies,government's policies towards the sector in which the company operates e.t.c in predicting the prospective impacts these would make(usually known as future growth).
With the aforementioned,i could say costain is not fundamentally strong compared to other stocks that are better.

Any of the bnsitl who knows where dexterax is? Or is he among those that absconded from Nigeria for fear of post election violence? I can remember vividly his obsession for okomu oil before d preelection mkt crash. The mkt really has a mind of its own. Or has he lost confidence on the NSE? Who knows! That dude really spoke like he was invincible. If any of my fears about him is true, then Little wonder its said that tough times never last but tough people do! Cos despite prevailing MKT conditions there r still winners.

stokfrick:
Any of the bnsitl who knows where dexterax is? Or is he among those that absconded from Nigeria for fear of post election violence? I can remember vividly his obsession for okomu oil before d preelection mkt crash. The mkt really has a mind of its own. Or has he lost confidence on the NSE? Who knows! That dude really spoke like he was invincible. If any of my fears about him is true, then Little wonder its said that tough times never last but tough people do! Cos despite prevailing MKT conditions there r still winners.

He a politician. He's now a senator. NSEPA is the least of his worries.

stockbull:
uac-prop @9 ,fbnh @6.50 ,skye bank @1.90 ! You will get them at the prices!

Sir... ...



I can't see the prices clearly


Fall from mango tree.

ogoo4real:
Please house what can u pple say about Unilever stocks

l read an article online and in the article it said that u should never sell your unilever stock.
permit me to add NB as well.
let's suggest others. Thanks

stokfrick:
Any of the bnsitl who knows where dexterax is?

He features regularly on radio and has a weekly column on nairametrics.com

Base on d economic stance of naija,wat do we expect from d market? Is it time to run away, i d fear 2008 oo

cruzclinton1:
Pls help me out .I don't know any thing about this stock market,believe is what I refer as shares. My problem is that my dad has shares in different oil company like Oando, conoil and others but he does not have a stock broker and don't follow his dividends. He don't receive any dividends. Maybe coz of the postal address he use. Now he is late and I want to go about all his share so it will stop wasting. I have al the share certificate.........pls I need advice

Get a reliable stock broker who will explain to you what you will do

For stockbul to put those price limits, there is fire on the mountain.

' oku no n'agbada.'

Hello people. Another week of permutation on the way. Beware of analysis paralysis. Cheers.

stokfrick:
Any of the bnsitl who knows where dexterax is? Or is he among those that absconded from Nigeria for fear of post election violence? I can remember vividly his obsession for okomu oil before d preelection mkt crash. The mkt really has a mind of its own. Or has he lost confidence on the NSE? Who knows! That dude really spoke like he was invincible. If any of my fears about him is true, then Little wonder its said that tough times never last but tough people do! Cos despite prevailing MKT conditions there r still winners.

Dexterax finally attained GOD status, contrary to your fears, banal statements and clichés. Unfortunately.

He now runs a very long, short term hedge fund in Lagos, makes cheese from the ensuing management fees and like passwelle typed, runs a radio show on Smooth-FM 98.1 every Thursday with UgoDre of Nairametrics and also runs a weekly column on www.nairametrics.com.

Yem0350:

Get a reliable stock broker who will explain to you what you will do

. Dear I don't know any stock broker,am residing at aba abia state. Thanks

Dexterax:


Dexterax finally attained GOD status, contrary to your fears, banal statements and clichés. Unfortunately.

He now runs a very long, short term hedge fund in Lagos, makes cheese from the ensuing management fees and like passwelle typed, runs a radio show on Smooth-FM 98.1 every Thursday with UgoDre of Nairametrics and also runs a weekly column on www.nairametrics.com.

yeeee pa, Dexter comes out of hiding. despite all those schedules you should give your bnsitl a little of your time, welcome

Investors see growing risks in devaluation delay

July 3, 2015 | Filed under: Investor | Author: Editor


International investors, dismayed by Nigeria’s decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa’s biggest economy.

The afterglow from March, when Goodluck Jonathan handed over power after what was seen as Nigeria’s freest ever election, is dissipating as new leader Muhammadu Buhari shows little sign of following up on promises of economic reform.

Markets have moved sharply in the past week in particular after the central bank announced curbs on dollar funding for investors, as well as for importers of goods ranging from toothpicks to private jets.

The move, meant to conserve foreign exchange, has dashed widely held expectations of a naira devaluation – the central reform that investors had been banking on.

Since then 10-year bond yields have jumped 1 percentage point to almost 15 percent, stocks have fallen and the naira’s value is plunging in the parallel market, down about 7 percent from early June levels.

A devaluation to restore the economy to competitiveness is a matter of time, fund managers still believe. In the meantime, they are unlikely to bring back cash they pulled out before the election.

“It will take a combination of weaker currency and higher interest rates to get us back to Nigeria,” said Kieran Curtis, a bond fund manager at Standard Life Investments. “When we compare Nigeria to other oil exporters it hasn’t had enough of a currency adjustment.”

With oil exports providing 70 percent of budget revenues, Nigeria can certainly use a cheaper currency.

Most had reckoned on a 10-15 percent devaluation at least and some such as Curtis estimate a 20-25 percent move is probably needed.

The naira fell 20 percent in the year to February. Even so its real exchange rate, against currencies of trade partners and adjusted for inflation, is up than 50 percent in the past decade.

In real terms, currencies of oil-exporting peers Russia and Colombia are 5 and 17 percent respectively below long-term averages. African oil producer Angola also recently devalued its kwanza, which is down 15 percent to the dollar this year

And the price for supporting the naira is high – the central bank has spent at least $3.4 billion since fixing the exchange rate in February and reserves have fallen below $30 billion for the first time since 2005. http:link.reuters.com/huf76v

Devaluation expectations continue to mount. Non-deliverable forwards, derivatives used to hedge against future exchange rate moves, reflect expectations of currency weakening: six-month NDFs price the naira at 225 per dollar, while a week ago the forward price was around 215.

“To me, (central bank measures) are doing more harm than good: you are putting off the inevitable and the reaction you are seeing on rates markets and the NDF shows that,” said Kevin Daly, a fund manager at Aberdeen Asset Management.

“Effectively the bond market is starting to price in a much wider move on the currency.”

INEVITABLE

Curbing access to dollars may briefly stabilise reserves and constrict imports but pent-up demand for hard currency will eventually weaken the exchange rate and drains central bank coffers.

It may also stoke inflation if importers are forced to pay more for dollars. The naira trades at 230 per dollar in the black market, some 14 percent below the official rate.

With oil revenues down and borrowing costs rising, the 2015 budget is already 3.2 percent smaller than last year’s. By early May, the government had already exhausted half its borrowing allowance for the year.

Ten-year yields at almost 15 percent, 250 basis points above post-election lows, will raise borrowing costs for the government and the private sector.

“Ultimately (devaluation) will become more of a fiscal necessity than an external necessity. The longer they will take to do the adjustment, the bigger the adjustment would have to be,” said Antoon de Klerk, portfolio manager at Investec’s African Fixed Income Fund.

And crucially for investment flows, Nigeria’s place in the GBI-EM local currency debt index looks increasingly precarious.

JPMorgan warned in June it could eject Nigeria from its benchmark index by year-end unless it restores liquidity to currency markets in a way that allowed foreign investors to transact with minimal hurdles.

Nigeria has a 1.8 percent share in the $220 billion index, suggesting $4 billion in inflows, Morgan Stanley estimates, a major offset to its current account deficit.

“Were Nigeria to be removed from the index as a result of the dry-up in liquidity as forewarned by the index provider, upside risks to our naira forecast of 200-205 (per dollar) over the next 12 months could crystallise immediately, especially if one considers that its (annual) current account deficit could be up to … $10 billion,” Morgan Stanley said.

REUTERS

Bokoharri well done.

Dollar selling for 232 naira
Fuel scarcity persists
boko haram continues massacre
Investors continue to pull out funds/ huge capital flight
Salaries owed by 23 states
No ministers, no political direction
Military attacks in the SS
Biafra agitation in the SE
Threat of violence in the SS

Before May 29th, BH was confined to Sambisa.... Fast ward to 5 weeks and same BH has unfettered access from Maiduguri, through Yobe and Zamfara down to Jos

But the new govt is more interested in senate and house leadership tussles while grinding the country's economy to a halt.

'An attack on Bokoharam is an attack on the north'. - PMB

what are the rules of engagement?