₦airaland Forum

TheCabal:
I am always amazed with the average south easterners obsession with the idea that; someday someway the nation will set ablaze and the south east will remain unscathed like Shadrach, Meshach, and Abednego in old testament.

I know you feel powerless and worthless like a reject and that somehow the "hungry northerner" whom you supposedly lord over is responsible for your inability to pacify you earthly desires.

You blame everyone but yourself for all the wrong decisions you have made from the day you were born till this moment. In light of this, I fail to see how this collective delusion you and your kind are passing through will result in negative consequences for Nigeria and Nigerians when you turn to the west for a piece of bread, purified bottled water and sackcloth to cover you unclothedness.

When I read posts like these or meet people like you; I see an ideology that translates into slavery; slaves chained at the hands, feet and neck, walking in a single file through the streets of western nations. If you listen carefully; you can hear a whip crack on their backs, the smell of fear pulsating from their breath as they scream in anguish.

You find them standing when they should sit, laughing when they should be crying, smiling when they should complaining, and running when the majority is dancing.

OGO32:
A group of Christians in the North, under the aegis of Arewa Christians and Indigenous Pastors Association has solicited the help of International bodies to help rescue Nigerians from the "bad leadership" of President Muhammadu Buhari.

Among the global bodies from which the association.......Read more: http://www.giftnaija.com/2018/02/northern-christians-plead-with.html?m=1#ixzz58F90E0FR

[/quote]austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.

[quote author=austinkenneth post=57127308]Remember the above post. At least followers of this forum can not say they were not alerted about this current bull, laying credence to the relevance of this chat forum which I think is the best in the country.

While reading through this forum, we all need to filter out the key thing we need.

The effect of currency floatation after a period of peg or currency devaluation, has been there for everyone to see. It has happened in Russia, Sweden, Indonesia, Argentina, Venezuela where their stock markets gained massively. It happened more recently in nearby Egypt where where their index rose by 50% one month after currency floatation.

It was only matter of time before the same situation replicated itself here. Stocks markets worldwide are devaluation hedges.

It only pains me that when advice is given at the end of a painstaking research, it is not heeded to.

Some people in my office thought I had lost my mind when i shared with them that I borrowed money this year to buy shares. Some of them are coming back to ask me where they should enter.

I think the market will keep shooting up until around at least until index value of 38000 before stabilising. That is another 20% upside from current levels.

kolaish:
Over 99m units traded so far. The coy closing date for 3k div is 19th Jun, probably there is something the buyer is seeing more than the div alone. we are watching silently. But, I don't know why I still have apathy towards insurance coy.

IdrisAdebiye:
Zenith Bank’s Eurobond Four Times Oversubscribed

https://www.thisdaylive.com/index.php/2017/06/05/zenith-banks-eurobond-four-times-oversubscribed/

austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.

Cadillac15:
Diamond bank is the most stupid share on NSE. I made a loss of N300k on that stock last week and i have sworn never to buy it again.

I didnt know much about the fundamentals of the company before i sank my fund there but after my loss, i had to research and my findings revealed i was foolish from the word Go.

Diamond sold about 20% of their equity to a foreign partner two years ago in order to get the necessary funds to boost their Tier 1 & 2 capital. That partner has been trapped in the Nigerian market since then and has been desperate to leave.

Hence, the profits of the company for the past two years has been channeled towards paying off the partner and this is expected to continue for the next two years. This same partner has fund managers in the country who manage their holdings and they have been divesting from the company gradually which is why you will notice heavy dumping whenever the share price gets close to N1.

They applying a two pronged approach in leaving the Nigerian market:

1. Sell back shares to the company in return for profits declared ( hence no dividend to other shareholders)

2. Sell shares to uninformed and stupid shareholders whenever the price is right, to reduce their holdings

http://thecitizenng.com/carlyle-group-buys-into-diamond-bank-as-nestoil-fails-to-acquire-block-shares/
2014 news

http://www.vanguardngr.com/2013/06/foreign-investors-shun-diamond-banks-550m-bonds/
2013 news

http://www.gulfafricareview.com/07/12/2014/business/carlyle-group-acquires-18-stake-in-nigerias-diamond-bank/
2014 news

Like i said, only a fool will venture into that waters and i have learnt the hard way.

JAHBLESS

holm:
https://twitter.com/DiamondBankNG/status/868028774125887488

Ishould sell my Diamond bank on Tuesday

No wonder te bank rarely pays dividend

austinkenneth:
Progress in currency liberalization has always happened when Buhari was away.

Now he is away and people are are anticipating that the system has been loosed from its strong moorings (shackles).

Lets all stay put. We may have an Egypt loading. I'm disappointed mainly because the lower the index stays the better for me so that I can load more before the eventual devaluation. But all the same, lets enjoy the ride.

A pullback may happen if the foreign investors are not Ok with the floatation.

But see below what happened in Egypt and judge for your self whether it is not worth it playing this MMM.

Don't come here to say you JOed and missed out.

Egypt

1st Nov. 2016: EGX 30: 8,448
3rd Nov. 2016: Egypt devalues/floats currency
13th Nov. 2016: EGX 30: 10,917
30th Nov. 2016: EGX 30: 11,453
Current EGX 30: 12,934

Being in the market 2 weeks after devaluation/ floatation is key.

This is going to happen here in naija and is going to be the most important event this year.

OBAGADAFFI:
JIJO seems to be difficult o.

If you Jump out, Jump in will be difficult. Ask GTB

locodemy:
Most brothers here hardly comment these days.The reason be say.......they rush go sell last week when the market was down hoping to buy back cheaper than what they sold.Now they are finding it difficult to buy back and if they manage to buy back now,the little profit they made in the last sales will enter for the new purchase.............Tritri & co,i am talking to una.............

Imagine one who sold his fcmb last week at 1.15 hoping to buy back at 1.10 or 1.05 is now buying it back at 1.15 with i beg o.The least it attained was 1.10 and the number of offer at 1.10 wasnt much............so whats the gain?stop panickkkkkking brthren

feelamong:
There are loads of thread out there.. This is the one i opened for cryptos

https://www.nairaland.com/3657807/bitcoins-all-bitcoins-investment-bitcoin

The returns there are like Blood money!

I make 100% in 3 days at times

makashava:
I cannot confirm it but one thinks the bank will find means to make impression and advance it's share price.

Cadillac15:
Heard a rumour that diamond bank might likely do a 6month half year audit with the posibility of declaring dividend to appease their shareholders.

Who can confirm?

hotcake:
My brother, history is about to repeat itself. Na so small small they come destroy SMN totally with politics, and things have never been the same again. We sit down dey look.

PETERiCHY:
Oga this your theory doesn't apply to MAY/SEPT BEARS.

This year the wicked MAY BEAR actually knew that alot were prepared for him.

So he used a RAGING BULL as an undercover agent

feelamong:
"He noted that the group has deleveraged its balance sheet through the divestment of its upstream services company, Oando Energy Services and embarked on the expansion of its retail and gas footprint through a strategic partnership with Helios Investment Partners and Vitol Group to recapitalise its downstream business for $210 million and the $115.8 equity buy-in of its Gas and Power business by Helios Investment Partners".

He said the company was considering raising some N40 billion in new capital.

PETERiCHY:
Bought FIDELIBK last week Wednesday being 3rd of MAY @80kobo and disposed today @#1:08k.

Netted 31%profit and even indirectly alerted others to take decision when the iron was still hot.

2Moro now one physcho will come to ask when did i sell