Agbalowomeri:


Na witches and wizards

funnnyy

pls any problem with ZENITH? r pple dumping it? todays trading value is higher than GTB

Mfunkynation:
pls any problem with ZENITH? r pple dumping it? todays trading value is higher than GTB

Maybe my own time to join at 8.0 junction

leo1234:


This one the price is falling.
Hope nothing is wrong.

Opportunity to park the stock with Parker.

leo1234:


Why didn't you sell @ 0.98 since you need the money urgently?

Wickedness

locodemy:
Are people still doing JIJO at NSE?

Ask Madam Mercy, She's the secretary general of JIJO group of companies.


I am just an ordinary member.

Youngzedd:



Opportunity to park the stock with Parker.

People are dumping it and you want to park?
Maybe they are anticipating poor financial result.

Youngzedd:



Wickedness

I am not wicked o
Many people were ready to buy FCMB @ 0.98 just last week. I regretted not dumping it then. But I am for long term.

leo1234:


I am not wicked o
Many people were ready to buy FCMB @ 0.98 just last week. I regretted not dumping it then. But I am for long term.

fcmb may likely merge or raise funds tru Public offer, or reconstruction...

locodemy:


Maybe my own time to join at 8.0 junction

na so yu talk n no get any last tyme opportunity presented it self

http://mobile.reuters.com/article/idUSKCN0VO01K

Oil prices surged to their highest levels in more than a week as news of a meeting of top officials from the world's biggest oil producers spurred speculation of an eventual deal to tackle a deep supply glut.

U.S. crude CLc1 was up $1.43 at $30.87 by 0330 GMT as the market reopened following a shortened holiday session. The contract rose by as much as $1.50, or 5.1 percent, to $30.94, the highest since Feb. 8, building on Friday's more than 12 percent surge.

Brent crude for April delivery LCOc1 was up $1.21 at $34.60 a barrel. It rose as high as $34.72, the highest level since Feb. 5, after rising 11 percent on Friday.

The world's top two oil exporters, Saudi Arabia and Russia, will hold talks together with their counterparts from Venezuela and Qatar in Doha on Tuesday, sources told Reuters.

The meeting is the latest effort by some members of the Organization of Petroleum Exporting Countries to join with non-OPEC producers in curtailing output. By cutting back production, they hope to reduce the existing supply glut that has pushed prices to the lowest in more than a decade.

Analysts remain cautious, however, that the meeting will result in an agreement.

good morning everyone, pls i just need some little advices on how to go about buying stocks in the Nigerian market. what is the the lowest amount i can invest with? do i have to renew this amount on an annual basis? is it advisable for a student that i am to go into stock trading? and many more questions.

thanks in anticipation sir/ma.

PETERiCHY:
http://mobile.reuters.com/article/idUSKCN0VO01K
Oil prices surged to their highest levels in more than a week as news of a meeting of top officials from the world's biggest oil producers spurred speculation of an eventual deal to tackle a deep supply glut. ...

Great news.

oluwadanie1:
good morning everyone, pls i just need some little advices on how to go about buying stocks in the Nigerian market. what is the the lowest amount i can invest with? do i have to renew this amount on an annual basis? is it advisable for a student that i am to go into stock trading? and many more questions.

thanks in anticipation sir/ma.

Before i joined this forum,i first went thru the previous posts of the active members.most of the questions people keep on repeating are already answered.pls go thru the back posts and that will help you alot.

Mfunkynation:
pls any problem with ZENITH? r pple dumping it? todays trading value is higher than GTB

There could be a number of reasons for the drop in Zenith share price including:

1. Rumours of a poor result (My opinion: I dont think so)
2. Rumours of a poor dividend but with fair result (My opinion: Maybe)
3. Foreign Institutional shareholders reducing exposure to the naira due to the state of Nigeria's macro economy (My opinion: Highly probable. Zenith is very exposed to these guys. A whooping 15.82% of Zenith shares is owned by these guys. They caused the January bleeding Zenith suffered according to NSE boss. They may be at it again.)
4. Automatic Stop loss triggered at N12. Many investors may have considered N12 as a key support point below which a stop-loss trigger is activated. You will notice that the bleeding of yesterday coincided with the N12 price. (My opinion: Very likely scenario)

I DO NOT have any inside information from Zenith so these are just scenarios I am painting. But if scenarios 1 or 2 are valid, we have a real problem. If scenarios 3 and 4 are valid without 1 or 2 being true, there is no cause for alarm because water will always find its level. I think the picture will be clearer during today's trading.

locodemy:


Before i joined this forum,i first went thru the previous posts of the active members.most of the questions people keep on repeating are already answered.pls go thru the back posts and that will help you alot.

okay, thanks sir. i'll do just that.

megainvest:


There could be a number of reasons for the drop in Zenith share price including:

1. Rumours of a poor result (My opinion: I dont think so)
2. Rumours of a poor dividend but with fair result (My opinion: Maybe)
3. Foreign Institutional shareholders reducing exposure to the naira due to the state of Nigeria's macro economy (My opinion: Highly probable. Zenith is very exposed to these guys. A whooping 15.82% of Zenith shares is owned by these guys. They caused the January bleeding Zenith suffered according to NSE boss. They may be at it again.)
4. Automatic Stop loss triggered at N12. Many investors may have considered N12 as a key support point below which a stop-loss trigger is activated. You will notice that the bleeding of yesterday coincided with the N12 price. (My opinion: Very likely scenario)

I DO NOT have any inside information from Zenith so these are just scenarios I am painting. But if scenarios 1 or 2 are valid, we have a real problem. If scenarios 3 and 4 are valid without 1 or 2 being true, there is no cause for alarm because water will always find its level. I think the picture will be clearer during today's trading.

tanks for this.... i like it

.

BSITL, Please is there a place in Nigeria where Gold bars are sold?

Shout out to old members of this thread.....Please dont 4get to remind us when this market would bottom out, there are so many juicy stocks out there but I find out that as each month passes by,my money should be able to buy more......Averaging down is not in my books o!!!!!

megainvest:
BSITL, Please is there a place in Nigeria where Gold bars are sold?

yes ooo.
Its sold in Kano, but u will get it cheaper in dubai.
I used to have a friend that was into it while we were in school. Please note that demand for gold in Nigeria has decreased, so selling might be a problem, unless u have in mind to buy and keep for abt 10 years (which many do). Keep safe in a banks vault and pay yearly fees (insurance and safe custody fees).

I also heard gold is sold in commodity mkt ( though u dont see d physical gold). Its just like stock mkt where u buy stock but dont see it physically. feelamong and others, throw in more light on the commodity mkt things or refer to a thread if there is already one for it.

God, i need like 5 streams of viable income.

Thanks mercylicious. I know Meristem has a commodity trading platform MeriFX but I don't like it because as you said, you do not really own the gold. It is even worse because, unlike stocks you cannot even take delivery of the hard gold if you want to. You only earn by placing a bet on the price. I prefer to keep the gold in my vault!

Meanwhile, SEPLAT has been on full bid for days now. I'm feeling on top of d world right now!

Dangote Cement is probably going up for the now! It would probably get to at least N180 before the end of February! The trend is always your friend,don't fight it(Jesse Livermore).

EDUECO:
Dangote Cement is probably going up for the now! It will probably get to at least N180 before the end of February! The trend is always your friend,don't fight it(Jesse Livermore).

That will be a good one

megainvest:
Thanks mercylicious. I know Meristem has a commodity trading platform MeriFX but I don't like it because as you said, you do not really own the gold. It is even worse because, unlike stocks you cannot even take delivery of the hard gold if you want to. You only earn by placing a bet on the price. I prefer to keep the gold in my vault!

Meanwhile, SEPLAT has been on full bid for days now. I'm feeling on top of d world right now!

You should. I sold mine at N236.09, about 50% gain and can only watch now. Lol. It might touch N300 the way it is firing up. NOT a BUY recommendation for anyone.

Manonamission:


You should. I sold mine at N236.09, about 50% gain and can only watch now. Lol. It might touch N300 the way it is firing up. NOT a BUY recommendation for anyone.

sold mine 246 and 247.75. it was my best jijo so far this year. 3days kill.

I buy in tranches and sell in tranches. Sold some at 264.71 yesterday and more at 274.37 today. I still have enough for the harvest ahead.

fo on full offer. last price was 230.
Any news?

EDUECO:
Dangote Cement is probably going up for the now! It would probably get to at least N180 before the end of February! The trend is always your friend,don't fight it (Jesse Livermore).

You are on your own!

davide470:
You are on your own!

Dangote Cement is everywhere! Aliko Dangote is officially the richest man in Africa, I believe you already know what this portends for Dangote Cement at the moment! Never try to fight the trend.

mercylicious:
fo on full offer. last price was 230.
Any news?

Do you mean N330? This FO may not fall below N300 until first week of March!

EDUECO:
Do you mean N330? This FO may not fall below N300 until first week of March!

yes ooo.

also zenith is digging for crude oil.
It may close at n11 today