₦airaland Forum

chigo4u:
I won’t call them criminals and stupid. These are smart people taking advantage of loopholes and it is not illegal. I’d rather blame cbn for taking this long to notice these loopholes or rather I want to believe cbn has long been aware of this and only acting now to save Nigeria economy from collapsing at this critical stage.
People really made serious money off this, I wish I was aware lol

They are not diff from yahoo yahho guys

locodemy:
There are signs market bears will take a breath today.The indicator is pointing green for today's trading session.

We would know by 1:30pm

pluto09:
But who are the people selling

Those that bought over 300m units the other day....lol

Homextras:
Good day house, does attached mean FG is banning sales of Treasury bills to individuals?

I think treasury bill thread would answer your questions thoroughly

Nigeria IMI is trading at 4.8x 12m, thus making the country assets cheaper than ever a Fund Manager EFGHermes has said in what it called Nigeria Strategy note to investors. It said that Nigeria assets are on an all-time low. Our analysts forecast 14% earnings CAGR for 2019-21e with non-banks’ earnings recovering strongly in 2020 after a difficult 2019, and a 2019 of 10 per cent (11.2% for banks). Despite this, policy uncertainty makes it very difficult to become bullish. The latest government moves include the impossible-to-enforce closure of land borders to all trade and the CBN’s increase in minimum LDRs to 65%.

The latter policy may support earnings growth for stronger banks, but it is hard to reconcile policies that force private sector lending with those that severely restrict trade. These factors keep us UW on Nigeria relative to FEM peers – our preferred stock remains GTB, whose 3Q19 results demonstrate its ability to generate solid returns through thick and thin. We remain cautious on non-financials given valuations and current macro settings, with Nigeria Breweries being our preferred non-bank name. Flow data shows that foreigners have been net sellers for much of the year, totalling $106m YTD, though foreigners were net buyers of $16 million in August when MTNN was added to MSCI indices. More surprisingly, local pension funds have kept cutting their exposure to equities after a regulation change in early 2019 that eliminated minimum allocations to variable return assets. The falling equity share in pension AUMs is not just about poor market performance – comparing the profiles of equity AUMs and total returns from the NGSE Index suggest that pension funds are either: i) allocating no fresh funds to stocks, despite strong flows into pension funds N681 billion in 12 months ending June 2019; or ii underperforming the local index by a wide margin.

We understand foreigners’ reluctance to engage. However, even given high yields on government paper, we are surprised that locals with LT NGN liabilities are shying away from inexpensive stocks that offer good dividend yields and the potential for LT capital gains. We believe this could be because current incentives for pension funds do not reward managers for outperformance. Meanwhile, investors are asking again about the outlook for USD/NGN – almost unchanged for over two years – after the recent reserve burn. Current gross reserves of $40.0 billion (mid-October) are down $4 billion from the 2019 high, though they are still equivalent to a respectable nine months of imports. The fall in reserves seems only partly due to portfolio outflows: CBN data shows foreign holdings of CBN OMOs – the main carry trade vehicle – down just $600 million from their July high of $17.23 billion at end-August, though anecdotal evidence hints at a bigger outflow $2 billion.

We had wondered if the CBN was allowing USD swaps with local banks to lapse, contributing to the reserve burn, but the recent drop in banks’ NFAs appears to rule this out. Recent reserve and NFA declines likely have as much to do with the falling trade balance (latest 12m sum down to$10 billion in July 2019 from U$18 billion a year previously. Portfolio flows may still be a challenge in the near term: $15.4 billion in OMOs mature in the current quarter, around $5.3 billion of which may be foreign-owned (using August CBN data as a guide to total foreign OMO holdings). Maturing OMOs will have to be financed with rollovers or reserve/NFA drawdown. We note that previous stock market rallies have been associated with NFA growth and significant pressure on reserves and/or NFAs could mean another leg down for this already-inexpensive market. Meanwhile, the importance of portfolio investment for reserves mean that policy rate cuts, that could support equities, seem highly unlikely this year.

RealityShot:
join what exactly?

akawo?
contribution?
trade union?
mutual fund?

what is this mba thing?

what do you all do with the money to guarrantee 90% profit in six months?

Take a trip to their office they will tell you the details

Barrytone:
Was thinking the 20m is rent, i can understand outright sale. Truly I'm not a fan of buying and selling, am an engr as per training and career and my business line will definitely be production, even its tooth pick and by then I will have enough savings for risk tolerance. It will be my hobby and activity to keep me busy after I leave my present job.

Love your style! Am not an engineer but I love production wella am even planing to start one next year buy God grace.

My people I still dey on top tree oo wetin be current zenith price?

captainking:
Bro...trust me....i do..just chill till that day..you know the day am talking about nah

OK. We may see this weekend.

captainking:
My man too dey fear....we wey don go many circle and will keep going

U can't understand my reasons for the initial fears

contumely2:
What type of biz naa

Oga plenty, do the search yourself!

contumely2:
Don please, what can give someone with 10m money in this country oo?
.Give a clue please.

If you are ready to take business risk plenty things in the country 10m can give more money the fear of taking risk is our problems

TheYoda:
GbpUsd

Ok

alphaNomega:
Cable making everybody rich again

$630 this morning, high lot. Will resort to ultra low lots for the rest of the week

Which cable am a newbie here pls

RealityShot:
so what do they do it the money?

and how long have they been operating?

Oga, u can call them pls they will give u audience

currentprice:
the 2 banks Q3 numbers release so far looks attractive. the more mkt fall the more attractiveness

GTB based on q3 FP N48 if all things being equal N64 by year end
FBN based on q3 FP N13 if all things being equal N17 by year end

in peter voice; Bargain hunters take note

Is fbn q3 out? Pls check ur mail

RealityShot:
the way big boys are entering this thing eh...


one thing i noticed is... They set such a gigh entry level that cuts off must small holders and

thus reduce the chances of panick witdrrawals by those ones cause they lack shock absorber...

lolzz.... Till february :O

Panic withdrawal has been taken care of cos of 6months stuff. If you are terminating say before DEC 25th your roi not fall on that 25 u want your money, u will get your money but without profit for that month since u didn't wait till 30days grace. And this is not like mmm. One thing is certain by God grace they will not fail till am done with my targets

RealityShot:
oya educate me on this thing i beg...
what if someone wants to do more than 360? Dem go gree?

Locked huge money already my my targets is much so I told God my tithe would be constant till the target is met

RealityShot:
ok oo..

thats if you can see them to sue naa

i remember mustard seed was sued by ex-shell guys... Nothing come out even with efcc hands...

all na high risk lol

What is the mode of operations of muster seed?

RealityShot:
if that happens, me self fit risk till august lol!

I don do dey wait for Roi for on the 4th of Nov. Plus I don pray to the God of heaven say the tin must not fail oo till am done with my targets

RealityShot:
if you have not done it..
Better wait till February..
Let's see if they can survive through this season (remember HMMM crashed in this season after paying through out the year lol... )

Oga I don start ooo can't Wait till February all na risk. Their MOU States that they would be responsible for the loss Incase the trade goes South and both party can sue or be sued. I don't think any online business in Nigeria has done that kind of MOU for their investor. All na risk

RealityShot:
lets wait till february naa..

no hurry

So if the tin no fail by February, wetin we go do to you eh!

Calebbold:
I think oracle is right; he is actually speaking from experience. Q3 result would gradually be released from next week.. market would gradually become stable as heavy pockets key into sound stocks of their choice in expectation of FY result.

If it's based on q3 then I concur

RabbiDoracle:
I believe the panic @mendes was talking about just passed (today) . It didn't even dent stocks to August low.

Market is looking up. The weak hands have sold and they will buy higher

If prices reach August low, buy more. But I doubt it.

Words of consolation all the time!

Agbalowomeri:
November bawo
Everything is collapsing in November

Make i still hang on top tree be that oo

C505:
Morning house.
Please can anyone kindly help my kid brother calculate how much he'll get as he decides to invest his yearly contribution of 460'900 in tbills. He said he'll do this for 15yrs meaning by 15th yr, his face value would be 6'913'500

In all sincerity, I would have done the maths but everything in my head seems to be black this morning. Something is really bothering me ATM

But rate is not going to be stable in the next 15yrs and also u can't predict what may likely happen before then as only thing that is constant is change

igbizen:
Hello house,
I have two Tbills dropping tomorrow at stanbic. What time of the day is it suppose to hit my account. I want to merge and add a little amount before subscribing tomorrow.�

Latest by noon

Equity investors should brace up for a rough ride in Q4
businessday.ng Oct 7, 2019 4:39 PM
Equity investors should brace up for a rough ride in Q4
Equity investors should brace up for a rough ride in Q4
Equity investors should brace up for a rough ride in Q4
As we enter into the last quarter of the year, an equity report by EUA Intelligence, a Lagos based investment advisory firm, showed that in the past decade, the Nigerian All Share Index has declined in 7 of the last 10 years, sending jitters through the spine of investors.

Investors who have already seen the stock market decline by 14.14 percent year to date were hoping to enjoy a Q4 stock or Santa rally but the report by EUA Intelligence shows that investors should put little faith in the expectation of any market rally in the last three months of the year.



Since the market meltdown in 2008, the stock market has declined 70 percent of the time in Q4 increasing the likelihood that investors may see something similar this year with the market trend already titling downwards.

Analysts say sell pressure from investors who are looking to liquidate some of their investments to enjoy the holiday season may be what to blame for this trend.




In the past decade, the only years when the stock market rallied in Q4 were in 2012, 2013 and 2017. All were years when the stock market was already trending higher during the year at double digit growth in the first 9 months of the year. In the first 9 months of 2012, the stock market rallied about 25 percent before enjoying another 6 percent gain in the last 3 months of the year.

In 2013, the stock market had already rallied about 15 percent in the first 9 months of the year before the market gained another 10 percent in the final quarter of the year. In 2017 as well, the stock market had gained as much as 36 percent in the first 9 months before adding another 4 percent gain in the last quarter of the year, according to the report by EUA.

The worst Q4 stock market performance during the period was recorded in 2014, after rapidly declining crude oil prices led to a deep selloff in the final quarter of the year. With crude oil prices declining by around 20 percent over the past 2 weeks, investors are now wondering if Q4 2019 could be a repeat performance of Q4 2014.

“I think we will have to wait and see how the market performs in the final quarter this year. We expect corporate earnings to be better than they were last year but the economic fundamentals in the country continues to deteriorate which is a major concern for investors. Lower crude oil prices and the stagnant inflation will definitely be on the minds of the investors who will be trading very cautiously in this period. There is perhaps a higher chance of a decline than a rally in Q4 as we can see that is what history and our current economic situation is pointing to,” Obinna Uzoma, chief economist at EUA Intelligence told BusinessDay during a telephone chat

Thisnut:
fiscal year starts October 1st,Calendar year is January 1st. It's already a new FY for the banks

Whatever! Those that are vast in stock investment knows what am talking about. FY = financial yr end which is usually December for banks and they start to roll out their year end result for the previous ur in the current yr. Eg 2019 financial result would be out for most bank from march next yr. Can't understand your fiscal October whatever

Lessonnn:
Why do you guys living in Lagos always think everybody lives in Lagos?
It should start with “if you live in Lagos”
You guys are the Americans of Nigeria always thinking no where exist beyond Lagos.

Oga, am not under obligation to ask if he stays in Lagos or not this is an information age and the Google is there for him to search for whatever he wants to know about. I have given bone he should add flesh to it. Mind you, am not based in Lagos am in PHC

Kojiek:
Pls how can I convert my access bank shares to cash. I want to sell it off.
Pls an experienced one here should advice me on how to go about it. It's been 12 years now since I bought it. My dividend warrants are no longer coming for the past 2 yrs.

With the permission of people here I will answer your question cos this is not the right thread.Go to united security I think they are in Victoria island or Goole them to get their details, take along with you the copy of the form filled during the purchase and if you can't get it just go there they will tell you what to do to reclaim your dividend. For the sales, register with a stock brocker then cscs account would be opened for you then give them the certificate to be verified into your cscs account when that must have been done, instruct them to sell it. I would advice you to do this very timely before January or prior to the release of their FY result cos price may likely rally before then which would be to your advantage, I perceived u bought @ #14 during public offer. So act on time