PETERiCHY:
USD now #650 heading to #1000 while some are busy calculating dividend yield
PENNY WISE POUND FOOLISH

ositadima1:
The line-up with regards to upside potential, I am about 65% sure :

1. Fidelity
2. FBNH
3. ZENITHBANK
4. FCMB
5. GTCO
6. UBA

After arranging the stocks using the 4 reasons in the previous post it surprisingly matched their PE ratios - Fidelity with d least and UBA the largest!

Mpeace:
For the past 3 trading days, mtn has been collecting. Hmmm hope some have not seen the result. But they no suppose post bad result. Am expecting an excellent result from them sha.
N195 at the moment. From 230 of last week.

ernie4life:


N192.5 at the moment

Mpeace:
Mtn will end the day on full offer.

Mpeace:
Mtn will end the day on full offer.

Slimdove:

International breweries on full offer at #5

sonofElElyon:


https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/amp

Slimdove:

International breweries on full offer at #5

rmx:

Toor

Ask am o , have all the trapped fpis of 2 years ago left ? Read somewhere airlines have 300m $ they can’t repatriate as of April , you have a huge differential between the official rate of 420 and blackmarket rate of 590 . Even the so called commodity of oil we can’t produce the normal 1.8/1.9m bpd , probably at 1.3m or less due to so many issues and theft , add subsidy , huge govt debt and maybe present political climate , people must be cautiously optimistic

IgiveLadiesBj:
Guys where can I short Nigerian stocks. Which platforms do you guys use?

What's the max leverage one can use?

Zagee:
We can't deny the fact that those numbers where factors born out of this mis-ruling party's policies.

Ades1:
NSE don officially mad like the rest of the world markets. Watched my 2m naira profits turn to big fat 0 in like 5 months. Time to find and raise money to buy more. We die here!

sonofElElyon:


https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/amp

kolaish:
At least, the investment is there for everybody to see and not inside Peter Obi's bank account. You and I know how the capital markets works. It goes up today and go down tomorrow. Up and down market is not exclusive to International Breweries (IB) stock alone, even worldwide, stocks are falling.

The source fail to let us know the worth of the investment when IB was N9 two months ago. Do try and give us reports of the investment when the same IB price go up in the months or years to come.

sonofElElyon:


There were safer stocks available.. anyway let's leave the matter before we convert here to politics thread

sonofElElyon:


https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/amp

sonofElElyon:


Obi should've been more calculating in risk taking with anambra money. Why not more secure stocks?? Anyway let's not turn this place to politics thread

kolaish:
At least, the investment is there for everybody to see and not inside Peter Obi's bank account. You and I know how the capital markets works.......
The source fail to let us know the worth of the investment when IB was N9 two months ago....

Mpeace:
Mtn will end the day on full offer.

Dum20:


Bro,

The investment entailed building a brewery in Anambra state which created jobs for its citizens, stimulating the value chain. It created an industry of farmers that grow the inputs that are used in making alcoholic drinks, suppliers, taxes to the state government. That brewery is still existing and producing drinks, paying taxed to the state government, employing both expatriates and locals. This is what every economy needs. Because the people that work at the brewery will need housing, food, clothing, schools, light....... so it was a wise investment.

The state has benefited more than 100% of what was invested.

It is ignorant people that look at only the share price. We saw the effect of portfolio investors on NSE in 2015, when they pulled out their money, the NSE crashed.

But those that build factories are the ones that are good for the economy. That investment is the type of investment Nigeria economy needs to save the naira.

If Toyota had a factory in Nigeria, there will not be any need to look for dollars to buy Toyota cars.

If all the things Nigeria imports are produced in Nigeria, there will be less pressure on the naira and our economy will be booming and there will be lots of jobs.

It was a wise decision he took to make that investment.

On the bolded, He also bought Eurobonds and had savings in dollars for the state.

onegentleguy:
I just published an article with the title:

"INTL BREWERIES: SETTLING THE ANAMBRA DEBATE"

...an in-depth analysis, review and follow-up inference on the debate surrounding the Anambra state govt "adventure" in international breweries Nig Plc; What you should know!

It's published on booksie, the U.K blog, medium and the personal finance section of some select Nigerian dailies.
You may wish to read through by using the link below.

https://www.booksie.com/675166-intl-breweries-settling-the-anambra-debate

Regards.

sonofElElyon:


There were safer stocks available.. anyway let's leave the matter before we convert here to politics thread

yMcy56:

MTNN was seriously battered. One would wonder what its sin was........
Bargainers are watching it like halk sha.

Market was generally bloo.dy yesterday........
Watching how today's own go be......it is well

Mpeace:
Mtn fall started on friday or there about. I just did averaging down sha. Let the result come sowe know if its result induced. The next 3day lots of results will be released. We see how it goes.