.

The BEAR that is supposed to bring the BULL is already showing face . I was expecting him next week o.

onegentleguy:
As Expected. ...Pre-market opened !!

Sir OGG, I noticed this today too. It commenced as you earlier mentioned. How's this going to be interesting? Just a harmless question.

Modified: Does it mean price cannot move up or down during these periods - cos only the lowest offer will show.

umm more death crosses

fxuser:
umm more death crosses

In English sir....

Mcy56:


Sir OGG, I noticed this today too. It commenced as you earlier mentioned. How's this going to be interesting? Just a harmless question.

So 2 :15pm is for market makers??

fxuser:
umm more death crosses

Hmm all these colorful phrases

mendes911:


In English sir....

its just TA jargon sir
but if u feel like chking :
https://www.investopedia.com/terms/d/deathcross.asp

Mcy56:


Sir OGG, I noticed this today too. It commenced as you earlier mentioned. How's this going to be interesting? Just a harmless question.

Modified: Does it mean price cannot move up or down during these periods - cos only the lowest offer will show.

1st it started with an opening Auction period at btw 9.30 - 10 am.
Next the basic market activity commenced at btw 10 am - 2.15 pm. ...after the 1st MM activity window/period at btw 10 - 10.15 am.
Next the market automatically switched to a 2nd(closing) Auction period at btw 2.15 - 2.30 pm.
...with an option for the last 2 minutes btw 2.28 - 2.30 pm for the MM folks. (this was after the MM folks had their 1st period at btw 10 - 10.15 am)
Note that while the 1st MM period(10 - 10.15 am) is non-optional, the 2nd(2.28 - 2.30 pm) is optional. ...which means that the MM folks can decide not to take part in the 2nd period.
Again, also note that during the 2nd/closing Aution period, only the highest bid and lowest offer will be shown. (every other bid and offer not yet filled/executed at 2.15 pm, will automatically be annulled)
...different bids and offers of same prices will be put up together as a block.
But of course the price of any coy will move as usual. ...as long as the volume required to effect a given change in price direction is met.

On how it will be interesting?
...read btw the lines and try to figure that out.
Though there is a bit more from a market perspective !!

Krisuba:


So 2 :15pm is for market makers??

No my dear !!
...read this again, and note the parts in bold.

Earlier today I had the privilege to discuss with a few top guns in the NSE and the CEOs of 2 leading brokerage firms.
It looks like we are going to be in for some much better experience in the NSE in a couple of weeks.

Begining from the 18th of June 2018, a few of these changes are expected which the likes of Morgancapital, Meristem, leadcapital, Stanbicibtcstockbrokers to mention but a few are expected to all implement.
I'll concentrate on Morgan 'cause for me, its currently the best i-trading platform.
1st there'll be a re-introduction of the Market Auction period (also known as premarket).

Here are a few highlights;

-1st pre-market/auction period- 9.30am to 10am.
-Likely MM activities(...both from the primary & secondary MM)- 10am to 10.15am.
-Basic market opening period will now be from- 10am to 2.15 pm.
-2nd pre-market/auction period- 2.15 pm to 2.30 pm (with an optional 2 minutes before closure for the MM folks).

Note however that unlike before, only the highest bid, and lowest offer will be shown during the auction periods. ...different bids and offers of same prices will be put up as a block together.

Barring any last minute change, some of these and maybe more will later be made public.

NOTE: This is strictly for informational purpose only.

Regards.

fxuser:
umm more death crosses

Bros another person don die on the cross apart from Jesu Kristi?

Agbalowomeri:


Bros another person don die on the cross apart from Jesu Kristi?

\




No any other person than Jesu Kristi oo

The way CP is now viewing Cileasing.
2moro better don't come and tell us you have reenter.

PETERiCHY:
The way CP is now viewing Cileasing.
2moro better don't come and tell us you have reenter.

i hve said it before and continue saying it cileasing is very likely going to be among best stock of the year. watch out

congrats in advance to those who hear the call and bought below N1.40 pls hold tight,,, you have gold.......cileasing is too much undervalued.

IchimokuPilot:


Let it not just kiss, but hug it tightly and take it to the alter, Veecovee is on 24/7 standby....
@Veecovee, ye shall not tarry, here cometh the bride and groom, ye shall soon bore us with 'for better for worse', even though ye know in thy heart that ye only need to say 'for worse'. For the year of the locusts is at hand and the brothers have turned one against another with different logos and slogans, chanting new songs with old intentions ...
The monkeys are vanishing and humans are now sold in monkey attires in desperation...
Though one may sight the sun very early, one may miss the heavy clouds that may soon cover it, weather is such an unreliable friend
....

Ye are witnesses, and God also, how holily and justly and unblameably we behaved ourselves among you ...

www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/14#68533504

onegentleguy:
1st it started with an opening Auction period at btw 9.30 - 10 am.
Next the basic market activity commenced at btw 10 am - 2.15 pm. ...after the 1st MM activity window/period at btw 10 - 10.15 am.
Next the market automatically switched to a 2nd(closing) Auction period at btw 2.15 - 2.30 pm.
...with an option for the last 2 minutes btw 2.28 - 2.30 pm for the MM folks. (this was after the MM folks had their 1st period at btw 10 - 10.15 am)
Note that while the 1st MM period(10 - 10.15 am) is non-optional, the 2nd(2.28 - 2.30 pm) is optional. ...which means that the MM folks can decide not to take part in the 2nd period.
Again, also note that during the 2nd/closing Aution period, only the highest bid and lowest offer will be shown. (every other bid and offer not yet filled/executed at 2.15 pm, will automatically be annulled)
...different bids and offers of same prices will be put up together as a block.
But of course the price of any coy will move as usual. ...as long as the volume required to effect a given change in price direction is met.
On how it will be interesting?
...read btw the lines and try to figure that out.
Though there is a bit more from a market perspective !!

Okay. It means its only MM that can trade within the period -2.15 to 2.30, uhmmm, stock manipulations made easy ..... but I saw quite a lot of small volumes traded around that time, could it be MMs trading those low volumes as well? Anyway, we'll be understanding it the more as time goes on. Thanks sir.

I dey your back for the C&I motor. @CurrentPrice
My average entry has been N1.55

Heavy recent investment to gain/boost long term contract flows
Oversubscribed bond issue

The high leverage/gearing is an issue sha


C&I and Caverton.....................hmmm

Ogas,

What will likely be the effect of this budget signing thing from Mr. President?

Mcy56:


Okay. It means its only MM that can trade within the period -2.15 to 2.30, uhmmm, stock manipulations made easy ..... but I saw quite a lot of small volumes traded around that time, could it be MMs trading those low volumes as well? Anyway, we'll be understanding it the more as time goes on. Thanks sir.

The said time u mentioned (2.15 - 2.30 pm) is the 2nd Auction or post-market period. ...and just like the 1st Auction or pre-market period (9.30 - 10 am), it is for all investors and NOT necessarily for the MM folks.
In principle, the MM folks can only (if they wish to) operate in the last 2 minutes of that timeframe. ...which is btw 2.28 - 2.30 pm.

Like I said ealier, the period for the MM folks are:
1st period; 10 - 10.15 am. ...this is non-optional.
2nd period; 2.28 - 2.30 pm. ...this is optional, and so the market makers may decide not to get involved in the 2nd period whenever they wish to.

Note how the time/duration for the1st Auction/pre-market coincides with the 1st/non-optional MM period, while the 2nd Auction/post-market also coincides with the 2nd/optional MM period.
...so invariably, u can now operate within the same window period as the market makers.
Try to use ur sixth sense and instinct to decipher the rest.

#thedevilwearsprada
#andthentheangelswithin
#deeperandsumptuousmarket
#themoneybaggame
#interestingtimesahead
#wearehere

Has anyone receive a notification mail from EDC registrars as regards the Dangote flour mills AGM?

Where are the picks?

phemmie06:
Has anyone receive a notification mail from EDC registrars as regards the Dangote flour mills AGM?

yes....22/6/18, venue: Oriental hotel.

Princkez:
yes....22/6/18, venue: Oriental hotel.

Thanks I know, but I am yet to receive notification mail from the registrars.

phemmie06:

Thanks I know, but I am yet to receive notification mail from the registrars.

u can still attend with out the notification

the only concern I have on cileasing is the massive loan from abraag group.abraag group is presently having serious issues based on trust in Dubai.

onegentleguy:
The said time u mentioned (2.15 - 2.30 pm) is the 2nd Auction or post-market period. ...and just like the 1st Auction or pre-market period (9.30 - 10 am), it is for all investors and NOT necessarily for the MM folks.
In principle, the MM folks can only (if they wish to) operate in the last 2 minutes of that timeframe. ...which is btw 2.28 - 2.30 pm.
Like I said ealier, the period for the MM folks are: 1st period; 10 - 10.15 am. ...this is non-optional.
2nd period; 2.28 - 2.30 pm. ...this is optional, and so the market makers may decide not to get involved in the 2nd period whenever they wish to.
Try to use ur sixth sense and instinct to decipher the rest.

Thanks for the clarification sir. Its clearer now.
At the bolded though. Chai!

Hello house, has this group gone for public holidays, since 9:58pm yesterday till now, no comment.
OK Mercy has broke the silent.

Anxiety as Buhari Signs 2018 Budget Today
https://www.businesspost.ng/2018/06/20/anxiety-as-buhari-signs-2018-budget-today/

A Neighbouring Country Destroying Our Economy—FG
https://www.businesspost.ng/2018/06/20/a-neighbouring-country-destroying-our-economy-fg/

Nigeria May Not Improve Ability to Generate Revenue—Moody’s
https://www.businesspost.ng/2018/06/20/nigeria-may-not-improve-ability-to-generate-revenue-moodys/

DOLLARTEX:
the only concern I have on cileasing is the massive loan from abraag group.abraag group is presently having serious issues based on trust in Dubai.

The massive loan refers to the $10m convertible debt note held by Abraaj.

A little game theory here.

The options are Abraaj either redeems or converts to shares.

Abraaj is cash strapped and needs cash while C&I Leasing just raised N7bn from its bonds sale. Buying back the bonds is a good option for current shareholders of C&I leasing (including Management) as it avoids the potential dilutive effects of conversion to shares at the current price which grossly undervalues the Company.

Abraaj could however get bought over by Cerberus (talks are under way to buy to buy Abraaj Asset Management business for $165m). If this happens, the best option for Cerberus is to convert the bond to shares at the present market value as they are not under pressure to raise cash and will look for ways to optimize their investment portfolio. This will however shortchange current shareholder's due to the dilution of shares from the conversion.

The best option for the shareholders (including management) is for the share price to rise to a level reflective of the value in the company at which point they will be glad to have Abraaj convert debt to share as they plan to raise additional equity of N25bn in the near future anyway. This will also be fair to Abraaj givenn the growth potential of the company. From the document below, it is obvious that they intend to raise additional equity at about N3 per share (based on the amount to be raised and the shares available to be sold) so I suspect the share price will rise to at least N3.50 in the near future

https://www.c-ileasing.com/wp-content/uploads/2016/10/NOTICE-OF-EXTRAORDINARY-GENERAL-MEETING.pdf

Chibuking81:
Hello house, has this group gone for public holidays, since 9:58pm yesterday till now, no comment.
OK Mercy has broke the silent.

It is world cup season
which team are you supporting

Agbalowomeri:


It is world cup season
which team are you supporting

Am supporting Nigeria, wearing life jacket.

Which team is Bull and Bear supporting?
Is like bull left for Russian, to watch world cup yesterday, and many of our members joined him to watch live matches.
Hope they will return to witness signing of 2018 budget by Mr President, or did Mr president left with them too?