₦airaland Forum

From Atedo Peterside: I attended an economic outlook session with top economists and top CEOs today and thought to share some of the perspectives. The session looked at Nigeria's economic direction for 2017. The summary: 2017 will be tougher than 2016. The economy will not recover until 2018, even 2019. Inflation will continue to be high (hovering around 20%)and Naira to dollar will remain in the 450s. With money scarce many more businesses will fold up, leading to job losses and more poverty. With inflation and high exchange rate the banks will not be able to give loans and when they do the interest rate will be too high to afford. With high inflation those with paid salaries are now actually earning less, that is if they will be lucky to keep their jobs... The presentation shows that all sectors of the economy (not just oil) are either falling or already in recession (below zero). Signs are all over: British Airways just converted it's Nigerian office into an agency; almost all foreign airlines now fuel in Ghana; many people now smuggle crops and raw materials out to earn dollasrs; 75% of vacant houses in Ikoyi and VI don't have buyers; Shoprite that opened in Ajah in August is still 70% empty as dollars to bring in goods is scarce and customer count is poor; 5 other big supermarkets in Lagos have closed shop etc.
The experts' advice:
1. Cash is going to be King and whoever has it or has access to it should preserve it.
2. Spend less than you earn; SAVE for the rainy day.
3. Cut down on avoidable merriment.
4. Expect the worst Christmas in 20 years.
4. Look for dollar or pounds-earning businesses if you can.
This is a privileged info, I hope it's useful to you.

Good morning all

Born2berich:
I didnt want to say anything but this post made me think and decide that it is unfair to keep this from fellow NSEMPA while making money via other means.

Currently, it is obvious that the stock market is no longer favourable due to several bad policies by the government. A lot of people are pulling out their monies to look for other avenues to make wealth.

It is high time we do the same.

The major currency in vogue is cyptocurrency(eg. Bitcoin).. We are gradually entering an era where you can use various cyptocurrencies to make payment, perform transactions and also to invest.

The reason why I have been silent here in NSEMPA is because I have moved out of the NSE for some months and currently involved in cyptocurrency investment.

Currently I make 100% monthly on what i invest in, which is very lucrative considering the current wave of recession, constant increase in inflation and job loss.

I do not want to derail this thread so whoever is interested can send me a PM or a mail to born2berich007@gmail.com for further details.

PS, my account is not HACKED.

This is the current situation in the country. http://www.vanguardngr.com/2016/11/prices-goods-services-hit-time-high-October/

Lets accept the fact and realize that we have to look for other medium to make some cash. Prices of food stuff is on the rocket high while earnings is reducing.

This is time to think outside the box and grab the little opportunity around.

Like i said yesterday, a lot of movers and shakers in the stock market are pulling out their funds as the economy is no longer favorable. It is high time people, it is high time.

Tritri:
Where are the WE're making money this year CREW ?

I guess most has gone to get a real life job ... because this thread isn't as before.

As for me.I don't know which of my problem to think Nigeria problem? / pregnant wife problem / Morgan capital problem or The daily red of stock price...don't quote me pls am just reminiscing jare.

I didnt want to say anything but this post made me think and decide that it is unfair to keep this from fellow NSEMPA while making money via other means.

Currently, it is obvious that the stock market is no longer favourable due to several bad policies by the government. A lot of people are pulling out their monies to look for other avenues to make wealth.

It is high time we do the same.

The major currency in vogue is cyptocurrency(eg. Bitcoin).. We are gradually entering an era where you can use various cyptocurrencies to make payment, perform transactions and also to invest.

The reason why I have been silent here in NSEMPA is because I have moved out of the NSE for some months and currently involved in cyptocurrency investment.

Currently I make 100% monthly on what i invest in, which is very lucrative considering the current wave of recession, constant increase in inflation and job loss.

I do not want to derail this thread so whoever is intrested can send me a PM or a mail to born2berich007@gmail.com for further details.

PS, my account is not HACKED.

cadno:
I think...Intendy, Agba..., CooCash....are my pick for now. They have tried.
Oga Born2Brich Na only Oando news him de appear.. even the creator...Oga StockBull no show face again

Lol, but when I dey give stock picks Una no see that one?
But why oando dey vex you? Don't tell me you are still in the bus.

locodemy:
You dey mind him........last week and week before last,FBN traded above 3.40........is he trying to tell us he bought at 3.30 which is today's price?........na people like intendy,goodisfaithful and few others i dey follow for here o

other advice wey you dey hear here na OYO.

Chia. That means say I no follow for the people were you dey listen to their advice for here because you no listen to me when you would have sold oando at N7 above. It is well.

PETERiCHY:
At the beginning of 2016 we strictly warned them to stay away from NSE and invest either in DOLLAR or AGRICULTURE them no gree.

Again we asked them to Sell in MAY and go away they called us pessimists.

Now they are gnashing teeth and learning the hard way.

While the obedient ones are enjoying the blissful Dollar ride

For the patience ones that boarded the ELEPHANT @circa N3:30k we should the first significant rally after the September school fees paying period.

*ThE OcTOPuS*

You want people to listen to your advice when even you didn't heed your own advice. I thought you made some FBNH purchase about last week ago?
Abi, no be your post be this?

PETERiCHY:
Since CBN head don finally correct.

I've made my first purchase of the year with my forex loot.

loaded some FBNH @t give away prices

And ready to bail out during dec/Jan rally.

*ThE OcToPuS*

Intendy:
http://nse.com.ng/Financial_NewsDocs/14650_OANDO_PLC_HALF_YR_JUNE_2016_FINANCIAL_STATEMENTS_AUGUST_2016.pdf

Since my 10years in the nse, this is the first time I am seeing this useless company release result on time. As for the result, we all knew that they will declare huge loss again.. I am waiting for the day this useless stock will be delisted.Its just a matter of time.

binaflexia:
Why is DIAMONDBNK on full bid?

Thats the wonders of the NSE. A company declares drop in PAT or doesnt even release result at all and still goes on full bid. E.g Diamond and skye bank.

While companies that released good results are on offer. E.g Aiico, presco, okumuoil and FO.

Watching in 3D

Mfunkynation:
Bros, is it GREEN

The result is good

9free:
Where the cash wan come from? FBNH don cease all my idle Funds.

You can take a loan from skye bank na. Highest dem go add your name join debtor list.

https://trwstockbrokers./2016/07/28/breaking-mtn-to-list-on-nigerian-stock-exchange-in-2017-thecable/

Get your cash ready.

EDUECO:
https://www.skyebankng.com/docs/Combined%20list%20of%20NPLs%20for%20Publishing.xlsx (A total of N9,375,276,467.72 Non Performing Loans)

Skye bank shareholders, come and check the list of debtors owing your bank.

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14455_ZENITH_BANK_-_LATE_FILING_OF_ACCTS_CORPORATE_ACTIONS_JULY_2016.pdf

Approval for Extension of submission to Aug 31st 2016

and the wait kontinus

From what I have read here, I expect this result to drop any time from now..

Intendy:
http://nse.com.ng/Financial_NewsDocs/14462_FORTE_OIL_PLC_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

megainvest:
And AIICO is not left out of the insurance party either!

http://www.nse.com.ng/Financial_NewsDocs/14441_AIICO_INSURANCE_PLC_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

Despite the harsh economy, they still made profit.. Am impressed and expect both stocks to be on bid tomorrow

megainvest:
http://www.nse.com.ng/Financial_NewsDocs/14447_JULIUS_BERGER_-_HALF-YEAR_JUNE_201_FINANCIAL_STATEMENTS_JULY_2016.pdf

A miss ... as expected

Intendy:
http://nse.com.ng/Financial_NewsDocs/14448_DIAMOND_BANK_-_HALF-YEAR_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

Disappointing results..Not interested in any of them

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14449_AFRICA_PRUDENTIAL_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

These guys need to rejig their Investment team...

OK..the first 3 - 4 months of the year had very poor rates on Treasury Bills

We should expect a lot better now as the rates on Tbills are on the high

Disappointing result.. This will meet me at the N2 junction... UCAP is next

Thunderlicious:
skye bank on full offer. END OF QUOTE...

THE BIG SMART A$$

That godly guy should be playing baba ijebu instead of the stock market..All his stock predictions are epic fail back to back.

Thunderlicious:
GTB: Three consecutive doji candles. there is a tendency of reversal on this one on Monday. However, upside may not be much as the market is still bearish in the mid/long term. will be watching from the sidelines.

What about that of FO and WAPCO? Both have been on full offer for over a week now.

Raider76:
Looks like it oo. I don tire.

Morgan is up

Born2berich:
A lot of people want to get out of FO while a lot of people want to rush into skye bank. This NSE ehn.

Now, alot want to get out of Skye bank while many want to enter oando.. The game continues.

FO is still on full offer for a whole week.

A lot of people want to get out of FO while a lot of people want to rush into skye bank. This NSE ehn.

Thunderlicious:
you are very funny. @Coolcash has Wapco in his portfolio. E no easy to do analysis when your portfolio dey red. Imagine somebody like Locodemy typing long analysis on a stock. For where him wan get that kind motivatation with the current O and O situation? Unless him na skye beneficiary like u said

I was trying to avoid talking about oxygen but this your post just pushed me.

Oando is a JIJO stock and once you have made little gain of 10%-20% na to pick race run because you dont know the next killer news that will crash this stock. Oga Proshare was a strong oando supporter and i can vividly remember him defending oando some years back on SMN...After last year tsunami, proshare has learnt his lesson and avoids posting any related news on this stock(mostly are just result or normal updates, nothing like grab oando while its hot ). Even our very own OcToPuS AKA Peterichy don learn im lesson for oando hand .. I wish anyone in the stock good luck because they will really need it now.
#jokeoftheyear

Thunderlicious:
abegeeee, how do we identify those with genuine information? until monkey hunters cause people to comit suicide before we learn our lessons abi? Saibuhari had first hand information but didn't distinguish his post from that of monkey hunters. his info on the twin reward (div + bonus) materialised but vitafoam didn't give 100% as he claimed (instead it retrogressed). Saibuhari is not a monkey hunter but a victim of circumstance and we miss him.

but @forbes30 and @bolabiyi are right. monkey hunting should be discouraged on this thread. @godlyguy should not be given a second chance to deceive gullible investors. I call on all those who are the founding fathers of this thread...Born2beRich, Stockbull, Pastor Ihedio, etc., to come out and protect newbies

You have said it all sir and i really appreciate the good works you and the rest are doing in ensuring monkey hunters are kept at bay. The only problem is distinguishing between monkey hunters and someone giving genuine info like you have rightly said. I have always voiced out against monkey hunting and will continue to do so.

megainvest:
Joke of the century!!!

http://www.nse.com.ng/Financial_NewsDocs/14281_OANDO_PLC_PROFIT_WARNING_Q2_2016__CORPORATE_ACTIONS_JULY_2016.pdf

I warned them, but they refused to listen. Oando has been tagged #Jokeoftheyear for about 4 years straight.

Infact they tried as they are now communicating with shareholders. So i dont expect it to fall so much like last year.

Waiting patiently at KM2 junction.

NB: This is not a buy or sell recommendation.

binaflexia:
http://nairametrics.com/electricity-tariff-annulment-list-of-banks-that-are-exposed-to-the-power-sector/

FCMB, skye, UBA, fidelity, diamond and Sterling bank involved with huge loans to the power sector..

I can't see stocks like FO and Skye on trade.. Anyone else experiencing the same? What's the way out?

Manonamission:
I missed the show. What was the bid size (approx.)?

I think the total bid was around 24m units.. Not sure again.

mercylicious:
DTS why we say u are d master of your portfolio.

Another strategy DT works especially if you are a medium term to long term investor is to buy active stocks that are on their year low after dd. Most times, there is always rebound.

Exactly and well said. I for kiss you for this comment but I don't want Agba to wake up from hibernation.

Raider76:
Fear no allow me go in full force but I bought something. Monday will tell who is right.

You did the right thing because if you loaded more and it went southwards or placed on suspension, you will still be regretting..This NSE is just a GAME.. Learn how to play it wisely.

Skye bank now on full bid..This NSE is nothing but a game.

I hope some people will not blame others for not allowing them JI to the bus.

locodemy:
You have been warning people about oando and people have been jumping in and out of oando making cool cash..........oga leave matter........ooooooo .who be small pikin here self?..........who told you he is in love with oando?if you no dey find money......me i dey find oo.........na so we go enter skye bank very soon jack am up........take our loot comot......oga pls calm down and make cash.......Quality stocks on NSE no dey give money ooooooo unless you dey like dividend.

Ok sir.

Thunderlicious:
The guy is just monkey hunting for oando. It is not impossible for oando to get to Km10 but that does not mean it's a safe stock. People need to be vigilant since this is coming from the auditors of oando. Only a foool will take the auditor's warning for granted. This does not mean we cannot jijo with the stock but with our eyes wide open. That guy wale...his look is somehow. There is something not right about him but i cant say what.

Gbam! You said it all.. Infact one carton of origin for you