Intendy:
zenith @ 11 d price the institutional investor bought about 2 weeks ago
so no shaking for those buying but may still get lower

Better look less and see more.....

megainvest:
FBNH and Zenith bids increasing with fewer offers left. Are we close to the bottom? Do your DD

know that zenith loss -40k, tomorrow will continue!!! Foreign investors selling off their stocks.. Waiting @ N10!!! If naira continue to depreciate..

newdada:


Wasn't there a certain institutional investor that bought millions of units of Oando at 16naira some months back?

of cause when they were buying @ 16 it was trading @ around 20 same with zenith d investors bought @ 11 when it was @ #13+
they may have more money than an individual investor but not always the intelligence.

locodemy:


Better look less and see more.....

please, explain abeg

locodemy:


Better look less and see more.....

there is no point rushing.and its not compulsory one must buy everytime there are many opportunities out there.
That's why I'm easy,easy like sunday morning.

http://nigerianow.news/nigeria-four-oil-exporters-hit-by-falling-currency-value-says-opec/

Africa’s largest economy was hard hit by the falling oil prices. The national currency, the naira, dropped against the dollar by more than 50 per cent over the past year.

On January 20, the Federal Government requested $3.5 billion loan from the International Monet6ary Fund(IMF) and the African development Bank to plug its $15billion budget gap.

The country’s oil revenues are expected to fall by 70 percent in 2016, while the hard currency reserves almost halved from $50billion to $28billion and the state’s emergncy fund went from $2 billion in 2009 to $2.3billion currently.

Intendy:

of cause when they were buying @ 16 it was trading @ around 20 same with zenith d investors bought @ 11 when it was @ #13+
they may have more money than an individual investor but not always the intelligence.

Means institutional investors may be currently buying at N9

PETERiCHY:
http://nigerianow.news/nigeria-four-oil-exporters-hit-by-falling-currency-value-says-opec/

Africa’s largest economy was hard hit by the falling oil prices. The national currency, the naira, dropped against the dollar by more than 50 per cent over the past year.

On January 20, the Federal Government requested $3.5 billion loan from the International Monet6ary Fund(IMF) and the African development Bank to plug its $15billion budget gap.

The country’s oil revenues are expected to fall by 70 percent in 2016, while the hard currency reserves almost halved from $50billion to $28billion and the state’s emergncy fund went from $2 billion in 2009 to $2.3billion currently.

Better sell all the shares you have now. This is not going to get any better. if foreign stocks do go down with oil, I wonder what people will expect Nigerian stocks to do with oil. It'll just sink with it..... It is just a matter of time.

Foreign investors a bailing out only slowly so as not to allow their own exit to sink prices because anyway they'll be restricted by the limited forex window

Team Seplat, I dey envy sorry hail una o

Which stock is the next big thing after Seplat?

Oil is now $35.3. If you are afraid, sell all your stocks and leave the market for us who are not afraid.

Intendy:

there is no point rushing.and its not compulsory one must buy everytime there are many opportunities out there.
That's why I'm easy,easy like sunday morning.

bros, shld i sold off my Zenith... cos i dnt understand this down trend oooo...

megainvest:
Oil is now $35.3. If you are afraid, sell all your stocks and leave the market for us who are not afraid.

Whatever, it can't go above $50. And as long as it remains below $50 for an extended period, there is bound to be trouble. There is just no way there won't be trouble.

I'm even looking for a way to liquidate my real estate.

Mfunkynation:
bros, shld i sold off my Zenith... cos i dnt understand this down trend oooo...

I don't know the reason why u bought?
but its still good @ this price.
it will be under buy and hold recommendation but under sell if you need money badly

Mfunkynation:
bros, shld i sold off my Zenith... cos i dnt understand this down trend oooo...

na fall in price make my oga mis yarn english

Zenith bears are still very much around but they are not in a hurry to sell. Millions on offer waiting to offload.

austinkenneth:


Whatever, it can't go above $50. And as long as it remains below $50 for an extended period, there is bound to be trouble. There is just no way there won't be trouble.

I'm even looking for a way to liquidate my real estate.

Oil at $50 per barrel is not ideal but if it's stable at this price, then the volatility and unpredictability of markets should abate. I dare say, there won't be any trouble at that price. A lot of producers will produce profitably at that price, sweet relief for countries with budget deficits already. The volatility of crude price and exchange rate(especially in Nigeria) is the major problem.

Just make sure you don't liquidate yourself too

Intendy:

I don't know the reason why u bought?
but its still good @ this price.
it will be under buy and hold recommendation but under sell if you need money badly

i want to hold on d quantity i have.... hope is a good idea?

Mfunkynation:
i want to hold on d quantity i have.... hope is a good idea?

good

What will happen to fbnh loan impairment now. oh boy, time to bail out of the stock. crashing to N1 soon


The NNPC boss said the firm would also restructure Strategic Alliance Agreements (SAA) held by Atlantic Energy to raise funds for oil blocks sold by Royal Dutch Shell.
NNPC, according to him, is expected to conclude a deal within two months for a new partner to pay up to $1.3 billion to take over the Atlantic agreements. The blocks were originally sold to indigenous oil companies by Shell.
“I’m saying to Atlantic, sorry, you’re out because there’s been a breach,” he said. “Whoever comes in has to give a sign-in fee almost equivalent to what I’ve lost ... we’ll have a massive increase in volume out of those fields, we’re going to have 150,000 to 200,000 bpd from the current 40,000 to 50,000 bpd.”

Read more at http://www.dailytrust.com.ng/news/business/nnpc-begins-concessions-for-pipelines-depots-in-march/133985.html#I4rKwWuAqCMAXsrh.99

Manonamission:


Oil at $50 per barrel is not ideal but if it's stable at this price, then the volatility and unpredictability of markets should abate. I dare say, there won't be any trouble at that price. A lot of producers will produce profitably at that price, sweet relief for countries with budget deficits already. The volatility of crude price and exchange rate(especially in Nigeria) is the major problem.

Just make sure you don't liquidate yourself too

Even $50 is now what we are praying for
The era of high oil prices is over. At $50 a fracklog of over 4000 wells drilled but not yet completed will kick in.
We are talking about Iran, lets not forget libya which will come in when they resolve their crisis.

I've thought hard about it. Something really has to give and I think what'll give is the economy of the oil producers.

If the economy is giving, you'll see it give first on the banks.

The bottom should be about 19000 in NSE All share index and/or NSE banking index of <180

THESE ARE WHAT I NEED TO COMPENSATE ME FOR THE RISK

austinkenneth:


Even $50 is now what we are praying for
The era of high oil prices is over. At $50 a fracklog of over 4000 wells drilled but not yet completed will kick in.
We are talking about Iran, lets not forget libya which will come in when they resolve their crisis.

I've thought hard about it. Something really has to give and I think what'll give is the economy of the oil producers.

If the economy is giving, you'll see it give first on the banks.

The bottom should be about 19000 in NSE All share index and/or NSE banking index of <180

THESE ARE WHAT I NEED TO COMPENSATE ME FOR THE RISK

At all, at all...na him bad pass
I am not predicting oil will sell at $50 per barrel but that a stable price is what the markets needs. How can you plan with a variable that is unstable? Imagine working in an organisation where your salary is as unpredictable as the oil price. Just when you think ...oh my salary is 50k monthly, your credit alert at the end of the month is 40k And then you think.....ok, I don't have a choice.....let me plan my life with 40k, only for the salary to drop to 30k the following month. Crazy right? This stability is also needed in our FX market, unfortunately, I don't see that happening until we earn enough forex (whether through non-oil or oil exports) to meet essential demand.

Nestle coming out with a poor result. the result is poor from my own point of view

Intendy:
Nestle coming out with a poor result.
the result is poor from my own point of view

Have you seen the result already? Pls share with us.

megainvest:


Have you seen the result already? Pls share with us.

Wife wey dem dey carry come meet you, person no dey stretch neck dey look am from afar.

Going, going, gone!!!!

megainvest:


Have you seen the result already? Pls share with us.

my oga just relax.I wouldn't create problem for myself and the ----- cause this is a public forum and could as well be monitored.
it against sec and NSE rules.
insider trading or info.
don't take offence

Final boarding call for Zenith?

Do your DD

Intendy:
Nestle coming out with a poor result.
the result is poor from my own point of view

Please don't just come here and spew unconfirmed news or say things to misinform people. I can tell you that your alarm is false and full of mischief. Nestle 2015 results would be fantastic and impressive based on Q3-2015 report and YoY result. However, for Q1-2016 result, i suppose, from current trends might be the one investors need to be worried about for obvious reasons...Nevertheless, my recommendation is still....b...and h....

megainvest:
Final boarding call for Zenith?

Do your DD

Zenith ended on full bid today

Coolcash1:


Please don't just come here and spew unconfirmed news or say things to misinform people. I can tell you that your alarm is false and full of mischief. Nestle 2015 results would be fantastic and impressive based on Q3-2015 report and YoY result. However, for Q1-2016 result, i suppose, from current trends might be the one investors need to be worried about for obvious reasons...Nevertheless, my recommendation is still....b...and h....

hahahaha is okay.

mercylicious:


haahahaha.
I like the back to back bullish news (agba, dont come here)
May back to back hit news follow my portfolio till end of april.
Amenoooooooooooooo.....................


@b2br, how far? u don sow finish, come relax dey watch in 3d.

I dey watch in 3D my sister but e still get one more stock i need to load. Na money yab man. Hopefully by next week i will load.