₦airaland Forum

kryptem:
Stocks are really bottoming out!
Interesting moments indeed!!!

It has started bottoming out since January, only few has bottomed out, the like of CORNERST, COURTVILLE, CAPOIL, JAPAULOIL, AND NSLTECH has bottom out, while, UNIONDAC , CHAM PLS are approaching their bottom. Any stock above 20 kobo has not bottom out.

Godlylifeoneart:
Worldwide, investors are running to the safest asset at the moment... The greenback
I received a promotional e- mail from kiakia FX. Com today, they are offering to buy 1$ at 360.
Could there be an underlying motivation for dz?
I think, adding $ as an hedge bet over a long term is a worthy risk.
In South Africa, investors are dumping bonds for US $
The story is not different in Argentina.
BY the time the NSE breeches the sub 25k,Something might happen to the Naira.
The dollar custodian certificate issued by Rand merchant bank is on steroid. Unfortunately, it is not available for Nigerian investors.
The irony of it all, the strength of US dollar is the NYSE backed by the treasury. The NYSE is falling, the 10yrs treasury bill yield is also falling, but the dollar is rising.

Between opening Domicile account to keep dollars and going for 3-6 months treasure bill, I think treasure bill will be better.

Every member here has paid by force 2019 school fees both to NSE and stockbrokers.

https://www.vanguardngr.com/2019/08/why-we-stopped-forex-for-food-import-buhari/
Does this help our economic in short run or long run? Did our dear president consult his economic team or his cabinet? Country make money from exporting than importing that is understandable. What effect will this have in the NSE?.

Willie2015:
Dont think result or interim dividend can help this.....
SEPLAT grew PAT by 152.6% in their half year results and yet no positive sentiments....
Ve reduce my holdin in GT, Zenith & Nestle....
Moved fund back to 3 - 6 months TBills to reduce my loss in equity...
We hope for better days in this PMB era....

Nice move

PETERiCHY:
Don't fall for dividend yield stories.
Zenithbk @sub N10
GTB @sub N15
are BARGAINS!

PATIENCE is KEY!

With current global condition your quoted price is achievable in no distance time. No team since May 29, heading to 3 months, I believed no cabinet meeting since them. No vision or direction yet, our economic condition due to influence of globally happening is even worsen by internal factors due to lackadaisical approach of administration.

Assuming that all companies has released their result with current happing ASI will be dancing around 23,000. Even if the result are released, it might not resist the downtrend.

If stock keep on losing massively as of today, Argentina experience might be a child play. Stocks that shaded above 5% today are many, more than 10.

pluto09:
Just forget about the government.

If oil price dey alright, we go dey alright las las but if oil price no dey right na double wahala o

Interesting and supported. Our economic team is oil price, it sound funny but it's true. If global oil price move up our economic will be sound, but when it goes down our economic will melt down.
Other countries became economical super without oil, country like Japan and China, but with their brain and government support. But ours is different, it will even be better if our ministers are from country like China, Japan, USA, Israel, our country will be better than it's now, or is there any law stopping Mr president from hiring people from those country as Nigeria ministers?

Who are even Our ( Nigeria) economic team?

Agbalowomeri:
Soon person no go sabi which one to pick again sef Lol

One will be leaving one vehicle to another, and another to previous one, at end he will discover that he is still standing in the same place with serious hair cut, but those that stand a little while before chosen the one to enter will get more unit.

Infinitisi:
Ha. At those prices what will Japaul, Daar Communications, Union Diagnostics etc be doing

Japaul will be signing welcome senior brother, while Union will be signing welcome uncle

https://oilprice.com
Crude oil reverses earlier gain back to below 60

Harvestock01:
I will wait for FBNH at N2.8

This period is seriously downsizing everyone with serious hair cut, and no remedy in sight. In more days the injury might be deeper.

Many country has cheaper stock as compare with that of Nigeria considering the environment. As every drop of good stock attract attention so also fall in stock price in country with investors friendly attract attention.

mendes911:
Sir ChibuKing has just sold his stocks. Let the Bear Bear Bear shout start.

LOL.

Obene!

I have not sold, I belong to investors group. as for now I will wait to see how the event unfold before buying more.

Stocks are falling seriously, and it's global

Crude oil price are coming down again

It's well

[quote author=daddy001 post=81190336][/quote]

[b]Egbule explained that the current demand of the labour unions would raise the total wage bill too high and that was why government could not accept their proposed salary adjustments.

“Labour is asking for consequential adjustment and government in its wisdom had made budgetary provision for an adjustment of N10, 000 across board for those already earning above N30, 000 per month".

I think on the above quote, it means that any person receiving above 30,000 currently and above, if the above option is apply will get addition of 10,000, whether level 2 or level 17. One in level 4 receiving 40,000 will start receiving #50,000 and one in level 17 receiving #400,000 will start receiving #410,000.
On level 4, it's 30% ( thirty percent), while on level 17 it's 2.5% ( two and half percent)

Egbule said that "at the last meeting between the Federal Government and the labour unions, the government proposed a 10% increment for level seven to 14 and a 5.5% increase for level 15 to 17"

From above statement, level 7 and above to 14 will get 10%, if calculated on the gross on anyone in level 7 receiving #50,000 , it will be addition of #5,000. If calculated base on basic and some others allowance, it will be about #3,000.

While those in level 14 that received 180,000 will get addition of #18,000, and those in level 15 on 5.5% that received #200,000 will receive addition of #11,000.

Plus and minus, first option of #10,000 seems to be better than the second option. In first option it's balance, but still not good,
while the second option it favor those below the minimum wage and those in any level receiving above hundred k.

It would have favour those whose their current basic are below the minimum if considered, because it will be addition of 66.66% on their basic before adding allowance. Calculating based on their basic will give them times two of what calculating based on 10% of their gross, which include basic and other allowance.

Minimum wage is a scam

Godlylifeoneart:
Investors should remain patient and avoid the perils of performance-chasing.
The best performing stock today could be the worst tomorrow, and vice-versa.
"the investor of today does not profit from yesterday’s growth"warren buffet.
investing is a marathon and not a sprint. If you have a five-year investment horizon, remember to keep a long-term view – don’t worry too much about your returns for the first few years. When it comes to investing, patience is rewarded.
The NSE has been one of the best in the past and now one of the worst in the world.
The market will surely return to it is peak. When?
No one can tell, Not even the crystal ball analysts.
No graph or waves could.
It could get worse, it could get better.
The intelligent thing anyone could do is to stay invested, accumulate more if you could.
Wishing you all a joyful trading week ahead.
HAPPY to announce the birth of my beautiful daughter.She arrived yesterday @23hr00.Both mum and baby are fine. A sign of the arrival of fruitfulness in Nigeria and NSE as revealed by Jehovah . May God bless our hussling. Our Labour in life shall not be in vain. Amen.
Help us to thank Jehovah Almighty for the beautiful gift from God.

Congratulations dear.

My question is this, 10% across all board on those receiving above #30,000 as their wage and 10% increment are they the same?

Nigeria technically tested recession last week, and currently with little margin moves out from it. One may wonder what I mean by these.
1. 2019 budget kept crude oil bench mark at 58 dollar per a barrel, these means both capital project and wage bill allocation has to come from 58 dollar per a barrel.
2. Crude oil price visited 56 and 57 dollar per a barrel last week, meaning that Nigeria visited recession zone. Has it been that crude oil price remains in that 56 zone or even go below that, the implication is that Nigeria will find it difficult to fund their project and to pay wage bills. The money shared monthly during the FAAC meeting will reduce.

But as crude oil is moving up again, company that losses last might gain this new week.

China does currency devaluation, and Nigeria is doing stock devaluation, even crude oil seems not to be helping issue.

When two elephant fight the grasses suffer. But after the fight the survivals grasses rises. It is clearly now that the down tone in NSEM was as a result of trade war between US and China. Us is trying by all possible means to maintain number one best economy in the whole world, by suppressing fast growing China economy, which is second in the world. This fight is affecting so many world economy, including oil producing Nation.

This war should not continue to avoid 2015 saga of oil visiting 27 dollar. But I strongly believed that Nigeria stock shall bounce before 2020 January.
https://www.aljazeera.com/ajimpact/china-surprises-export-growth-march-imports-fall-190808062930298.html

Chibuking81:
https://community.oilprice.com/topic/7005-china-devalues-currency-to-lower-prices-to-counter-new-trump-tariffs-but-doesnt-help-here-is-why/
What direction will China devaluation of currency affect Nigeria economy, will it be negative or positive?

US should also devalue their currency

lancee:
https://www.bloomberg.com/news/articles/2019-08-07/saudis-are-discussing-options-to-halt-oil-slide-with-producers

That's nice move, at least oil is moving up again gradually.
https://oilprice.com
Brent is now 57.79 dollar per a barrel

https://community.oilprice.com/topic/7005-china-devalues-currency-to-lower-prices-to-counter-new-trump-tariffs-but-doesnt-help-here-is-why/
What direction will China devaluation of currency affect Nigeria economy, will it be negative or positive?

https://oilprice.com
This falling in crude oil price , call for concern, if oil price fall below 50 dollar per a barrel, that mean there will be fire on the mountain, because it will definitely affect Nigeria economy and stock exchange market. If crude oil price pick up this week and move back to above 60 dollar, that mean there is no cause for alarm, but if it keep on falling, and goes down below, dear friends cash will be the king, because part 2 of bonanza period will be loading. Naira will be facing another challenge of devaluation, because with lower amount of dollar that will be generating from sell of crude oil will force dollar to be scarce..

The best solution is to reduce the influence of dollar, by engaging in currency swap, and make other currency to same popularity like dollar, most especially in the international exchange market and transaction.

I pray for oil price to rise again.

megamart247:
ESP 2k

http://www.nse.com.ng/Issuers-section/listed-securities/company-details?symbol=UNIONDAC

Please gurus in the house based on this Q2 is Union Diagnostic a good buy at 20k?

cc: BBM.NOMONEY. AGBA.MEMPHIS. CP. PETERICHY. CHIBUIKING. OGG. MRCY. LOCODEMY.TRITRI and at ALL

As for me is not good, because there dozen of better stocks compare with it.
Consider
1. 22 kobo current price times 10 = #2.20
2. 2 kobo EPs times 10 = 20 kobo.

There are a lot of stock that within that range that have and can earn close to times two of that. Also consider the merging of their growth from 2.02 kobo 2018 q2 to 2.22 kobo 2019 difference of 0.2 kobo.

Jejebabaa:
My boss, stop comparing stocks in different sector together. How can you be comparing FMCG EPS with Banking EPS, its not done sir.
Different fundamentals drives them. Banking sectors are always known to have low PE ratio compared to other sectors. If you keep doing like this, you might not see any reason to diversify to other sectors other than banking.

That was during the time of ignorance Earning is earning, EPs is EPs likewise PE.
Can you answer me this simple question.
1. If FMCG company Earn #1 per a share at final quarter, will they pay #2 as dividend?
2. If bank in banking section earn #6 will they regulator stop them of paying #3 as dividend?

Note
1.Even when a company pay above their earning, or all their earning, it's abnormal.
2. Any company that paid above their earning do so from their previous positive retain earning or from the sales of their assets, which they decides to share the proceed among the shareholders, this happened once in a while.