₦airaland Forum

samguru:
we shall see

Mr Anthony has given you his fake information again abi?

Monkey CI Leasing Hunter

RabbiDoracle:
This is too raw..mind what you guys say.

Don't you think you guys should open a new thread to discuss this?

I have noticed that guys who chase money like agba love women scarra

Agbalowomeri:
they still fit allow us 15-20rounds
Their mama dey usually follow them do three-some; if na sugar mummy you prefer

Afriprud, Ucap, Uba

Agbalowomeri:
I just dey try recall the guy's analysis. Are you sure 1k can replace 5% rule? Aren't they independent?

It has already. If you place a bid that is not in multiples of 0.5 on any stock 5-100, you will get an error message.

It was designed to allow the stocks go to 1k park and thats their destination

Smaller priced stocks will grow at outrageous percentages until they can produce a 1k at 5% multiple

Agbalowomeri:
Someone did an analysis and said it is not possible for any stock to go below 20kobo, can't remember the basis; or is it 19kobo
1kobo is more than 5% of 19kobo
Stocks in that category can only move 1kobo; not a fraction.
Stocks in nse cannot move more than 5% of reference price.
So we might not see 1kobo stocks

Thats means you didnt quite understand the 1k rule.

For stocks less than N5, the ticker is 1k meaning you can bid prices in 1k additions or subtractions.

So when it gets to where 5% has been exhausted, the stock starts loosing 1k daily until its settles at the 1k bus stop.

Have you noticed you can only add multiples of 5k to your bids of UBA, FBNH, DF, etc. You cant bid 16.01 on DF. Try it on Monday.

RabbiDoracle:
FMN will not pay dividends in their year ending this 2018. The cashflow is negative and they are needing capital. Paying will mean borrowing from the bank just to satisfy shareholders.

This may depress share price in a short term.

Experience talking. I have looked at their financials over and over again. Nothing impressive compared to their peers in the short term.

RabbiDoracle:
You sound like KOD or Dr.Abraham

I may be wrong sha.

Its not hard to investigate.

THIS IS RUGGEDPROF

IchimokuPilot:
Many are trapped and waiting to use result euphoria as a parachute to quietly say 'BYE JANET'...
We are still cruising close to ground level, but many are still thinking of parachute.
Wait until we reach 33K Feet above sea level, then you will envy your previous levels.....

....A lesson acquired through regrets is ever more cherished in markets...

Bros, speak English. I no understand you

yok:
MSCI MOVEMENT FOR 15 FEBRUARY 2018/GENERAL COMMENT

The coast is now getting clear. seems is time to get ready for the second bullish ration for 2018.

With the situation for the past 2 days, there is high probability for the market to be bullish next week. I am already factoring in the fact that today will be a bullish day. For the Oando Audit, it is possible that the company will get away with just some sanctions which is not likely to impact negatively on the organisation.

Caution: This information is for educational purpose only and not an investment advise. For any clarification you can e-mail me via this forum or contact an investment adviser.

I dont trust this report anymore. They will sell without updating it soon.

Agbalowomeri:
Time for stock prostitution loading
If you can jump like a monkey, let's go there

You go jump enter mud soon o

Jejebaba:
You meant Access has already rallied boss?

Go get a new lens. You have made enough money this year

Jejebaba:
I pray it carries UBA along oo.
Disc: I have 90% exposure here.

Uba has already rallied. Might not move until results show.

Access Bank.

Its now that this bank wants to rally its own.

The dumping is over.

2m units traded

Full bid. No offer

RabbiDoracle:
Thanks BBM.

However this isn't a true correlation.

There are some parts they move off together, there are some parts NSE deviates from the oil price.

Noticed it too. But the similarity is greater than 60%.

Really learning this period

GTay:
I put down my observation in my original post...
Its not common place to see it push towards Full Bid, taking into consideration its recent history of persistent dumping and even more so not especially during this bear era, [and on a day that its FUGZ brothers suffered hits (including GTB with Full Offer)]
When I made that post there was a bid:offer ratio of 11m:500k units (2:15pm) but at market close, there was only about 12k offers left...

There could be something or there could be nothing

#justobserving

Ok. The results has been submitted to CBN for validation since 28/01/18 and is due for release anytime soon.

Its possible the CBN inspectors have seen a fantastic result and decided to load up for themselves. Remember how oando dried up 3days before the emir reconciliation news broke out.

Its also possible that the dumper has been exhausted and its now time for the stock to reprice itself.

GTay:
No worries then...its clear you didn't observe what went down towards the last trading hour on this stock.
I did, and that's why I asked...

#cheers

Bros. What went down jare?

currentprice:
ok bro no prob.

Good

currentprice:
individual with different ways of handling their emotions
tritri have hundred of millions in this market but i have never see him angry with anyone during any bear. he don't even show face during bear and if he show face he come to seek opinion on which stock is good to add

look at how he manage his emotion when he was trap with loss in Oando during which some other stock moving 10% up daily

i learn different things from diff pple

Tritri that fought ihedioranma all thru that period. Guy, check again


He also renamed that smart guy, the Big Foolish Guy

currentprice:
good one again, whether u are good in fundamental or technical. d need to study TIMING is also essential

i saw access this morning so attractive but looking at my timing i just forget it to agree with my patient

You have started with all this your fake prophesies again.

I PUT IT TO YOU THAT YOU DIDNT SEE ACCESS AND CANT TIME IT

RabbiDoracle:
Bear lies

Cc Cadillac

This forum like every other forum i belong to is very resourceful and filled with gurus of different temperaments.

We (including me) should learn to accommodate ourselves and all information we hear with an open heart.

I have learnt alot this past 2weeks than i might learn in my lifetime of trading stocks so i can say this particular bear is a blessing to me.

When you plan a trade and it fails, just learn how to perfect the trade next time and move on. Afterall, you have not made a loss or profit except you buy or sell.

Toluway my oga, kaa kaa (abeg abeg), sheath your sword and learn from this experience. U be our brother here.

RabbiDoracle:
Are you the same as Tolu?

Noooooooo. That na egbon civil servant o

OPEC President Says Shale Surge Won't Thwart Plan to Clear Glut
By Mahmoud Habboush
, Wael Mahdi
, Salma El Wardany
, and Tamim Elyan
February 12, 2018, 12:03 PM GMT+1
Updated on February 12, 2018, 10:00 PM GMT+1

U.S. shale won’t be ‘huge distorter’ for oil market: Mazrouei
Stronger demand, compliance with oil cuts seen to buoy prices

OPEC's Control of the Oil Market Is Running on Fumes

Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.

The market should re-balance this year, given robust demand and producers’ compliance with their pledges to curtail supply, United Arab Emirates Energy Minister Suhail Al Mazrouei, currently the president of the Organization of Petroleum Exporting Countries, said Monday in an interview in Dubai. The market is “on course to restoring balance” for the first time since 2014, OPEC’s Secretary-General Mohammad Barkindo said at a conference in Cairo.

Oil demand is set to grow by 1.6 million barrels a day in 2018, the same level as last year, and crude inventories are continuing to dwindle as OPEC and other producers pursue their output cuts until the end of the year, Barkindo said Monday. Venezuela is proposing that OPEC seek a five-year deal for cooperation on output with allied producers beyond 2018, he said.

“Venezuelans see that the cooperation with non-OPEC producers shouldn’t end,” Barkindo told reporters in Cairo. “They have put forward a proposal for the time frame of the cooperation, and that was five years. But this proposal isn’t final, and it’s a work in progress.”
Inventories in Focus

Oil was rebounding from its biggest weekly decline in two years, though gains were limited due to concerns over a resurgence in U.S. shale. The U.S. oil rig count rose last week by 26, the most in a year, to 791, Baker Hughes data showed on Friday. American weekly crude output topped 10 million barrels a day for the first time on record, and the U.S. government forecasts it will balloon to 11 million later this year.

Such an increase would complicate efforts by OPEC, Russia and other producers to prop up crude prices by curtailing supply. The producers agreed in November to extend self-imposed limits on output until the end of this year, seeking to counter a glut fed partly by U.S. shale drillers.

“Shale is coming and the expectation is that it will come stronger than in 2017, and this is something that we have to watch,” Al Mazrouei said. “But considering all factors, I don’t think it will be a huge distorter of the market.”

“What concerns us today is the level of inventories that we need to achieve the five-year average, and I see the market going in that direction and achieving balance,” he said. “How long it will take depends on how long the increase in shale production will take.” Participants in the oil-cuts accord aim for global crude inventories to fall to the average level of the past five years.
‘Unprecedented Conformity’

“Demand for this year is expected to be good, if not better than 2017,” Al Mazrouei said. This, together with “good” economic indicators and compliance with output cuts, indicate that the crude market will balance within the year, he said.

Barkindo said producers’ “unprecedented conformity” with their targets for reducing output is driving progress toward a balance market. Compliance reached a record level of 129 percent in December, for a monthly average of 107 percent last year, and preliminary estimates show that compliance in January will surpass December’s level, he said.

Oil prices are currently at less than half their 2014 peak, with benchmark Brent crude futures up 1.2 percent at $63.53 a barrel in London at 4:06 p.m. local time. Brent tumbled 8.4 percent last week, in the second consecutive weekly loss.

“It’s a correction only. It will come back,” Kuwaiti Oil Minister Bakheet Al-Rashidi told reporters in Kuwait City. Kuwait expects cooperation on oil policy to continue beyond 2018, he said. “We will look for criteria to make sure the market is stable at all times.”

— With assistance by Fiona MacDonald


https://www.bloomberg.com/news/articles/2018-02-12/opec-president-says-shale-surge-won-t-thwart-plan-to-clear-glut

mendes911:
So una dey discuss for "the other room"? Oya make una confess, wetin una be talk about?

So Oracle is a very big monkey hunter and he discussed this plan with Toluway long time ago. Choi. Kai. More disclosure to emerge. We are waiting.

#CorporateDisclosure. #ForumDisclosure.

Dem go tell us everything soon

Oando audit and the Gwarzo-Adeosun face-off

There is no doubt that President Muhammadu Buhari is bent in ensuring corporate governance in all sectors of the economy to build investors’ confidence and protect the integrity of Nigeria’s investment atmosphere against corporate abusive conducts.

What is indeed doubtful is whether his appointees are on the same page with the president in executing that daunting task.

Recent happenings in the Security and Exchange Commission (SEC) are disturbing to all stakeholders in the capital market. To say the confidence President Buhari has been trying to build is being eroded by the needless crisis at the SEC is simply calling a spade by its name.

I have been painstakingly observing the drama at the capital market regulatory body since the Oando scandal broke, the statutory steps taken by SEC to remedy the situation, the apparent interference by the Minister of Finance Kemi Adeosun, and the House of Representatives committee hearing on the issue.

Not to miss any aspect of the drama, I personally attended the hearing by the House of Representatives committee on capital markets, to hear first-hand, all the submissions by the various stakeholders.

In the last two years, the SEC conducted five major investigations on some erring companies in the market.

The SEC investigated BGL Asset Management company limited, and sacked its management, and banned its principal promoters from operating in the Nigerian Capital Market and occupying any public office. The two principal officers of the company are Mr. Albert Okumagba and Mr. Chubundo Edozien.

Oasis Insurance Plc was also investigated and stopped from making a public offer. The company requested for a refund of the non-refundable fees and SEC said by law that could not be refunded. But Minister Adeosun insisted that the company must be refunded. The chairman of the company is Mr. Adenrele Tokunbo Kehinde while the MD is Mr. Babatunde Oshadiya.

Ikeja Hotels Plc has been in crises for so many years and a settlement agreement was reached but SEC had to come in to ensure the agreement was implemented, also ordered a forensic audit. The principal promoters of the company are the Ibru Family.

Partnership Investments Limited is a capital market operator and several complaints were lodged with SEC and after investigation, the company and its principal officers were sanctioned. The MD of the company is Mr. Victor Ogiewonye.

Oando Plc is a public quoted company that was investigated by the regulatory body. The SEC received a petition from Ansbury Investment Inc an indirect shareholder of Oando and another petition from another shareholder of Oando Plc Alhaji Dahiru Mangal, on May 2 and May 4, 2017, regarding Oando Plc.

The SEC reviewed the petitions and constituted a technical committee to examine the conflicts, which recommended a forensic audit of the activities of Oando Plc.

Gwarzo told the House hearing that the Minister orally queried what power he has as DG of SEC to undertake such an exercise. At the meeting, the Minister threatened to relieve the SEC DG of his job.

Mounir Gwarzo, the SEC Director General responded that the SEC was statutorily empowered to conduct the exercise in line with its statutory mandate.

Again, on 20 October 2017, at about 9 am, the Minister summoned the SEC DG over the same Oando Plc issue. The Minister verbally, as Gwarzo told the hearing, instructed the SEC DG to lift the technical suspension placed on the shares of Oando Plc.

But the SEC DG explained to the Minister why the technical suspension should remain in the very best interest of protecting the integrity of the investments market and of protecting investors.

After series of back and forth, the DG received a letter on November 29, 2017, suspending him from office. Surprisingly, the issue of Oando Plc was not mentioned in the letter, instead, it contained three allegations which the Minister used in attempting to intimidate him into submitting to her verbal directive to discontinue the Oando audit.

The above Oando timeline as revealed during the House committee hearing brought to bear so many things.

From all the submissions, five major investigations were conducted by SEC in the last two years when Mrs Adeosun was the minister of finance.

But the Minister only decided to intervene on two, allowing due process to take its course on the remaining three. The promoters of the Oasis and Oando share the same ethnicity with the finance minister. Therefore, they must be protected at all cost and at the detriment of the companies’ investors.

The three other companies, promoted by people outside the Minister’s ethnic group were allowed to face the full wrath of the law without any interference by the finance minister.

This development is indeed a dent in President Buhari’s concerted effort in building investors’ confidence in the capital market. It is by this, that the Minister’s action portends a grave danger to the integrity of the capital market and the market outlook in the international scene.

From the submissions at the National Assembly hearing, I was wondering how the minister tried to accuse the DG of receiving severance allowance and payment of special early retirement package (Golden handshake) which policies approved by the board of SEC years before he started working there.

It is also curious how the Minister, who is deeply involved in this matter, hurriedly set up an administrative panel of inquiry populated by her appointees who are also party to the Oando issue, to probe the DG. Like the DG said at the hearing, “as a regulator, I don’t have a political platform, and as such, black, white, religious and secular, rich and poor, man and woman, disabled and able, are all equal in my eye and should be treated fairly as humans.”

It is time President Buhari act to salvage the capital market from total collapse, by insisting that the institution is bigger than any individual in the country. The choices, therefore, are two: allow the Oando’s investigation to continue to maintain the integrity of SEC and the market; or stop the Oando’s investigation and allow the integrity of SEC and the market to be rubbished.

Williams wrote this piece from Ikeja, Lagos

Source: https://www.dailytrust.com.ng/oando-audit-and-the-gwarzo-adeosun-face-off.html

Toluway:
@Currentprice, I'm very annoyed for the way you refer to my name this evening. Please never you make reference to me anymore and I would never make reference to you. What the ..eck do you take me to be? An ignoramus? An illiterate ? I ask a lot of funny questions here, which you don't help out, just because I want to learn the minutest rudiments of the trade, from does of you who happen to be gifted. That doesn't mean that I'm a fool.
Are you saying that I don't know that there is a bull whose end nobody knows? Do you think I can buy the idea that any of you here knows that things will turn out this way or knows what will happen tomorrow ?
Everyone says a lot of things everyday, out of which any can manifest.
I'm so disappointed that you could pick the precise message that I was trying to put across in my several posts asking people, who because they have earlier chickened out, coming to the forum every minute to gloat on other investors emotions, and bring an avalanche of reasons why this is the beginning of amaegedon! Instead of educating people against panick selling as being done in U.S. and our local fora here by experienced traders. Is Currentprice demonstrating that he couldn't read between the lines to pick the essence of my posts but could only feel edified by feeling he could put my sincere principle into derison?
Even as you're appearing to be Oracle's bootlicker, can you tell me you've sold all your holdings?
Can't. ...

AK 49 + Berretta

kolaish:
Meanwhile, the banking stocks are not breathing well at the moment.

They will breath well

currentprice:
too early to start getting hit with stones the quoted post still remain my opinion.

note ; i don't see any mkt crash but if you are still liquid not time to buy yet but if you are fully in the mkt don't rush to sell but don't expect price to move above high of few week ago

Una Don dey come out from una hole again. Day Don Break #HUNTERS

DOLLARTEX:
SO Far so good oo,everything is rebounding.oil price,asian mk,euro mkt,sugar,wheat,ginger,plantain...what is pre-market saying,abeg.

What about Maggi?

Oil price check: $64.02 stable increase/recovery

9:59AM 12.02.2018

Oil price check: $63.52 stable increase

8:34AM 12.02.2018

It's just like every market that opens today goes into green immediately.

The Turkish market is every pulling a record recovery meaning people are realizing their mistake.