₦airaland Forum

Momoney54:
Some of us have comfortably covered the loss we made earlier this year, while you are still waiting for Bonanza. I remember mentioning Transcorp and fidelity to you and you were saying wait till they go further down. I have gone on transcorp rides a couple of times now, and made some cool cash. Just cashed out of fidelity that I entered at 1.70, so all good. If bonanza comes it will be an opportunity to buy more if it doesn’t come will still go along with my strategy. All good....

Is alright, have you paid your tithe?
Bonanza presence always come by surprise, in which all the door will be shut down, one may likely pay more than he/she gain in jijo period, back to bonanza unannounced first visit.
Main while remember to pay your tithe

Friends how market? Cash is king. Bonanza journey loading

Cownu:
Sorry , but I think your argument about that guy is baseless . I’ve bookmarked this thread and followed it for over a year as a guest on Nairaland .and since I joined and then followed the thread ive not made a single comment here . The fact that he hasn’t made any comment on the thread doesn’t mean he is not following . And wtf is “member” ?
I thought this was a public forum or something Wtf!

I doubt it, please friends let's check his profile post page, he is an active member of nairaland but not in stock forum. You will agreed with me after you verified his profile post. He is not a ghost type. Some time I choose to enter ghost mode like my good friend Ihedioramma, but sometimes some post will usher you in as life member before moving back to ghost.

Main while our business in this forum is stock and situation affecting stocks
Someone was asking whether cash still King at this stage, my answer still remain yes, because bonanza period of early next year is going to come.

Friends let us verify these two people, Alepa and Cownu, both of them seems to be politicians, and at this period importing politics in different nairaland forum.

Politics should be directed to politics section, I have check the previous post of the moniker owner ALEPA he is not our member, from his profile post page, he has never talk of stock.
We are in this group to discuss stock, to know what and when to buy and sell to make profit. Also to invest for long term period for both dividend, bonus and capital appreciation.
This days I talk more of bonanza, in the next two months I will be talking more of the good stock to pick from bonanza store.

Alepa:
God bless you!
Atiku aren’t winning jackshit!

Please if it's a joke stop it, to avoid you having heart attack because change of government next year is inevitable.
Atiku will be Nigeria president come 29th May, 2019.

Bonanza must come January/February 2019, and it will pave way for 2019 bull's family.

ihedioramma:
My brother, stop all this o . Remember the guy that predict skyebank, were is the guy and skybank to day ? we NIGERIAN'S don't want ATIKU he is among NIGERIAN'S problem today .

Long time brother

currentprice:
in my own opinion,,this result is not that good o , eps is 2.57 as against 5.04 pple looking at

their last Q was even better than current Q

fairprice is N25

We compared q3 2017 with q3 2018, on that ground they maintained a better result in q3 2018. As election year draw nearer they will get pay for their ongoing project with more contract award from both state and Federal government. Their 2018 final quarter will be far better when compared with 2017. If the incoming government that will take over from the incumbent government come 2019 favour them, their ride will commence and continue immediately after the bonanza period.

https://www.thisdaylive.com/index.php/2018/10/26/again-the-economist-says-buhari-will-lose-in-2019-predicts-victory-for-atiku/?amp
Change of government all the way

Yayira:
Wehdone oo
I know you’ll hijack the post
Kedu ka i di ?

Darling, adi mu mma. Good morning this morning.

Bishopking:
Bonanza is not coming o. Fidelity might hit naira before December.

Watch and see. There are abundant food in NSE, even if Fide fly, it will still come back during bonanza period. ASI by then will drop to sub 30,000.
Many will still join their vehicle them. Our next vice president is a stake holder in Fide, his participation in the next year election will bring down Fide to bonanza group.

Julius Berger, is one of the bonanza gift come January/February.
Nice EPS

swilo:
You have not still told me why I am laughing..

Please tell me

https://www.vanguardngr.com/2018/10/black-friday-jumia-declares-90-discount-on-over-four-million-products/

The above will be the style of January/ February bonanza NSE 2019 sale, black January/February, coincidentally February is my birthday month, enough birthday bonanza gift will land directly from NSE

Yayira:
If not for next years election, weytin for happen for NSE the whole world go hear am.. That January bull will be learner..
chai all this sweet results go just waste because election fear..

A well said, but reverse is the case, election bear will not allow it, 2019 general election campaign will start on November 18 next month.
It will come with high tension, the building up has scared the foreign portfolio investors out, and the remaining foreign portfolio investors will start bailing out immediately after this q3 result , the ruling party are seriously having great challenge after their primary, most of APC strongholds state are in deep problem with their National chairman/executive, the likes of Zamfara, Ogun, Imo, are still struggling out with their national chairman, then Rivers, Adamawa, and so many others state are in great dispute.

After this q3 result, the q4 result been the final year result will start coming out by February with most companies releasing theirs towards end of March, that is 90 days from December ending. Which is long after election.
February will be a good time to take position, bonanza must surely come.

gsm88:
are u not tired of this small salary?

Did you know that it's better for this government to take us back to the year we started this work without increasing minimum wage, then dollar was #180 per a dollar, bag of rice was #8,000, but today dollar is #360 per a dollar ( times two) rice #16,000 ( times two)
This shows that if one is receiving
#120,000, its equivalent as of when we started this work was #60,000,
#100,000 its equivalent as of then was #50,000,
#80,000 its equivalent as of then was #40,000,
#60,000 its equivalent as of then was #30,000.
We are witnessing the government that is insincere to the need of their workers, emerging #30,000 minimum wage was not up to 70% increment and federal government are still showing their muscle by refusing, where things has change more than 100% over time.
When you consider it with our basic salary, the increment is not up to 35%, Seriously the payment compared with work is not encouraging.

Lemon1:
,good friend am absolutely sure that is the most irrelevant part of the message,one would expect u to call ur principal n ask if the names of those affected in ur school were sent in a bid to see if we would be paid.....I can delete that part of the message if u want,but then someone might think it's hearsay...I try to show how authentic the message is and u pick on that n leave the main info..


....

Nice information, I was affected, February 2016 unpaid salary.

https://www.premiumtimesng.com/news/top-news/292592-nigerian-govt-states-lgas-share-n698-7-bn-for-september.html

Nigerian Govt, States, LGAs share N698.7 bn for September
October 25, 2018Bassey Udo
Finance minister, Zainab Ahmed.
The federal, states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account for September 2018.
The funds were distributed during the meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja on Thursday.
The meeting was the first presided by the Supervisory Minister of Finance, Zainab Ahmed, who underscored the need for the three tiers of government to save.
“In view of the situation of the economy at the moment it is important to restate the need for governments at all levels to maintain transparency and instill a saving culture for the rainy day. We have to save, not only saving for today, but for tomorrow,” the minister said in a brief introductory remarks.
A communique by the Technical Sub-Committee of FAAC after its meeting held on Wednesday and signed by the Accountant-General of the Federation, Ahmed Idris, gave details of the revenue allocations.
According to the document, gross statutory revenue for the month of about N569.281 billion was lower by N57.858 billion than about N627.139 billion shared in August.
Total distributable revenue for the month was about N698.7billion.
Details from the document showed crude oil export sales increased by 0.17 million barrels resulting in increased revenue earnings for the month to the Federation of $8.48 million.
However, the average unit price per barrel dropped marginally from about $77.10 tto $75.69.
Due to the shutdown of pipelines in the Niger Delta during the month, production shut ins were reported at various locations in the region.


Other details showed that revenue from royalties increased significantly during the month, while value added tax (VAT), petroleum profit tax (PPT) and companies income tax (CIT) decreased significantly.
The breakdown of the figures showed gross revenue realised from VAT at about N79.154 billion as against N114.542 billion realised in the preceding month, a decrease of about N35.388 billion.
The Federal Government got about N277.197 billion, the States about N172.810 billion and local governments about N130.534 billion, while the nine oil producing States received about N52.596 billion as 13 per cent derivation.
About N15.572 billion was paid to the Federal Inland Revenue Service (FIRS) as refund for cost of collection/transfer.
Meanwhile, the report of the committee on the Excess Crude Account (ECA) earlier scheduled for presentation was stepped down to allow the committee to rework and represent it at the next meeting.
Spokesperson to the minister, Paul Abechi, told reporters the next FAAC meeting is scheduled during National Council of Finance and Economic Development (NACOFED) proposed for November 28 in Kaduna.

https://politicsngr.com/breaking-aisha-buhari-stops-oshiomhole-entering-presidents-house/

https://punchng.com/theres-a-gang-up-against-me-oshiomhole-cries-out/

Where is that friend who said change of government and February bonanza period is not certain/ sure?

http://saharareporters.com/2018/10/21/gunshots-bonfires-kaduna-erupts-flames-despite-24-hour-curfew
Evil on the increase, may good God save us.

http://guardian.ng/news/minimum-wage-labour-threatens-indefinite-nationwide-strike/
Government that don't care about the improvement of their civil servant and their entire citizens

gold360:
this yeye labour union with their one step forward, two steps backwards strikes, make them better wait make month finish and workers get paid before embarking on this their yeye rubbish.

Unlike NUT, NLC is trying, at least by November 6th strike will commence, and government don't have any excuse of not to pay October salary.
2019 campaign will officially kick off by November 18th or thereabout, while on strike let us see what the seating president and governors will use for their campaign.
Seriously this strike is coming at appropriate time.

Let us see what their party manifesto will talk about.
1. It might talk about eradicating poverty, while their employees are on strike because of poor minimum wage, and poor payment.
2. Some party will be emphasising on promotion at due time, while for last ten years at teachers side no promotion in Rivers state.
3. Some will talk on improving the standard of living of their people, while many civil servant standard of living is at great reverse gear.

The November strike is a welcome development.

gold360:
this yeye labour union with their one step forward, two steps backwards strikes, make them better wait make month finish and workers get paid before embarking on this their yeye rubbish.

http://thenationonlineng.net/minimum-wageorganised-labour-threatens-strike-nov-6/

Minimum Wage:Organised Labour threatens strike Nov. 6
Posted By: Agency Report On: October 21, 2018 In: News, News Update

The Organised Labour says it will embark on nationwide strike on November 6, if the Federal Government fails to meet its demand on the new National Minimum Wage of N30,000 agreed upon.

Mr Ayuba Wabba, President, Nigeria Labour Congress (NLC) made this known in a statement signed with its counterparts, Mr Bobbio Kaigama, President, Trade Union Congress (TUC) and Mr Joe Ajaero, President, United Labour Congress (ULC) on Sunday.

The News Agency of Nigeria(NAN) recalls that the Organised Labour had said that the Tripartite Committee on the New National Minimum Wage had concluded its negotiations and agreed on N30, 000 following an appeal made by Organisation Private Sector (OPS) as what they could afford.

NAN also reports that the Minister of Labour and Employment, Sen. Chris Ngige at the end the Federal Executive meeting, while briefing newsmen, had said that the Tripartite Committee on the National Minimum Wage was yet to conclude its negotiations.

NAN recalls that the Governors had made a proposal of N20,000 while the Federal Government had offer of N24,000.

The Federal Government had also initiated a clause “No work, No pay” during strike.

According to Wabba, we the organised labour in Nigeria having not seen any sign that this government is willing to demonstrate honour and integrity in relating with Nigerian workers and masses.

“So, we have resolved to organise a one-day of National outrage and mourning, which would be used to sensitise Nigerians on our plight and on the issues at stake.

“This shall take place in all states of the federation including Abuja on Tuesday, the 30th day of October, 2018 and a meeting of various organs of the Unions will hold as appropriate.

“On Friday, Nov. 2, a Joint Central Working Committee (CWC) meeting of all the Labour Centres in Nigeria shall hold to receive reports and make final preparations for our ultimate engagement with the Federal Government on this matter.

“ This is the first time in the history of this nation in recent times that such meeting will take place and this goes a long way to show the seriousness with which Nigerian workers and its leadership hold this matter.

“If nothing is responsibly done by the Federal Government to meet our demands, on Monday, Nov.6 we shall embark on a nationwide strike,’’ he said.

He added that this would compel government to show more sensitivity to the plight of Nigerians and the suffering that is decimating our people on daily basis.

Wabba also called on Nigerians and workers not to be discouraged in the struggle for the new National Minimum Wage.

He explained that it was not true that organised labour had proposed N30,000 as the new national minimum wage.

“It is also not true that the committee did not agree on a figure during its last sitting. We accepted N30,000 as a compromise to demonstrate the willingness of Nigerian workers to make sacrifices towards nation building.

“ Anything to the contrary no matter the quantum and character of the din or how well couched it may appear cannot be true.

“ Resorting to Goebbelsianism at this time of national emergency, which requires men and women of integrity is rather unfortunate and cannot suddenly make the brazen falsehoods truths.

“’We believe that it has become necessary for the Organised Private Sector (OPS) as represented in the Tripartite Committee to speak up on this matter.

“ Keeping silent in the face of this apparent mischief does our nation no good. It can only help mischief, dishonesty and impunity to grow,” Wabba said.

The NLC president, however, said it was time for the OPS to rise to the occasion by telling Nigerians what transpired in that meeting.

Wabba added that they should tell Nigerians whether there was a motion that was seconded on a final figure.

“ If there was a document signaling this agreement that had already been signed by some parties?

“ If also the N30,000 figure was ours or a compromise figure based on proposed scenarios,”’ he said.(NAN).

Even the banking sectors are afraid of election as foreign investors, and will reduce the level of loan they give, or may even stop giving till after election.
This is a sign of 2019 change of government which is inevitable.

http://thenationonlineng.net/banks-cut-lending-over-election-fears/

Banks cut lending ‘over election fears’
Posted By: Collins Nweze On: October 17, 2018

Many commercial banks will restrict lending plans ahead of the 2019 general elections, the Managing Director, Afrinvest West Africa Limited, an investment and research firm, Ike Chioke, said yesterday.

Speaking during the release of the 2018 ‘Nigerian Banking sector Report’ in Lagos, he said lenders are already cutting loans to key sectors of the economy, due to the need to reduce the political risks and ensure safety of their funds.

Chioke, who released the report with the theme: ‘An Economic Agenda for A New Government’ said banks are afraid of taking risks with their funds.

He said: “ Four years after the 2015 general elections, Nigeria proceeds to the polls again in 2019 to determine its leadership for Sub-nationals and the Presidency. In predictable fashion, the political environment is heating up, new alliances are emerging and defections across the biggest parties have punctuated the polity. These events are evidence of the prevailing political risk factor in Nigeria, creating uncertainty in the environment, with potential impacts on business and investor confidence”.

He said the election fears have also led to drop in foreign direct investments entering the country.

He projected that growth would reach 2.1 per cent year-on-year in 2018, revised downwards from initial expectation of 2.6 per cent, given the slower than expected recovery in the non-oil sector.

“To achieve this, we believe that increased spending ahead of the 2019 elections will support non-oil sector activities, while increased oil output due to an additional 0.2 million barrels per day from the Egina Oil Field will drive oil sector growth,” he said.

Continuing, he said economic performance so far reveals that it continues to trail its long-term growth performance and levels seen prior to the recession.

“Indeed, more worrying is the fact that growth remains below population growth, which indicates that people have grown poorer on average, and this trend will persist into 2020. In our opinion, breaking out of this cycle requires structural reforms, without which investment and growth will remain poor,” Chioke stated.

On the state of the banks, he said the banking sector proceeded into 2017, on the back of successive years of growth in revenues and earnings. With economic conditions deteriorating, the expectation was that the industry was entering a low-growth phase when strong Return on Equity (ROE) performance of the past would drop. However, the industry remained resilient in the face of significant pressure,” he said.

He said that banks’ ROE rose as revenue and profits accelerated, while banks’ capitalization was stronger, with average capital adequacy ratio rising to 20 per cent in 2017 from 18.4 per cent in the previous year.

However, despite improving micro-economic fundamentals, banks’ asset quality deteriorated, further in 2017, with industry non-performing loans increasing to 9.3 per cent.

Chioke said the financial performance of the sector was driven by the tight monetary policy of the Central Bank of Nigeria (CBN), which with its overreaching responsibility for price stability, kept rates high and system liquidity low, by conducting consistent open market operations.

“Consequently, at the start of the years, banks were able to lock in high yield investments, which crowded out private sector borrowing, while in the latter part of the year, market volatility allowed some operators to record substantial trading gains,” he said.

swilo:
Sir OGG,

I have some questions, I have asked before but didn't get practical response:

1. will the OS double?
2. will the PE remain the same?
3. if question 1 is yes, is N3.40 FP with respect to the N1.85 post bonus issue?
4. if it were a stock split, how would it be different from this?
5. Lastly, why give dividend if the bonus is suppose to be an added advantage?

Please, use this CUTIX as a direct reference so it will be clear to me.

Soon it will go down to #1, they intentionally pump it to #4, in order to divide it into two, by giving 1 for 1 bonus.
Cutix always like their stock price to hover around #2, both during the bull and bear. It will go down to #1 even below, watch and see. Notwithstanding they always maintain good result.

[quote author=Yayira post=72114833][/quote]

As foreign investors bailed out, the money in circulation reduced, even the money that suppose to increase as a result of rise in crude oil price are been embezzled by public office holders, including those in presidency, governorship seat and others, most of them dump it abroad, some dig ground and dump it underground, the money is not rotating, no new company or factory build in Nigeria with those money, instead companies and factories are liquidating on daily basis.
The civil servants minimum wage has not been increased, instead wage bill of states are been reduced by number of retirees, resign and discovered guest workers.

Nigeria has turn to poverty head quarter. Civil servants money does a lot in the system for those who care to understand, business man perform well when civil servants are living well, as God being so kind I have tested both, business and civil service.

A man that consume four cartoon of indomie in two weeks will hardly comsume two now, a man that change clothes every month will hardly change it again even in three months, a man that change his vehicle tyre in 6 months, will manage the tyre for 12 months, and so on, we are living in the system, and the experience will tell you that many companies, especially those in consumers goods angle will loose heavily when compared with other years, we are on paper officially out of recession, but we are just really officially into recession

A bag of rice was sold for #8,000 when dollar was #180, now bag of rice is now #17,000 to #18,000
more than times two and dollar #360 and above times two of past few years, and civil servants some experience pay cut, while others salary remain stagnant.

Don't be surprise when companies start releasing bad result.
Bonanza period must come.
Change of government next year is inevitable and unavoidable
New government will bring positive change, through restructuring with good policy.
Then bull will return.

gsm88:
wike is a wicked man,pls gov wicked should not be allowed to rule us for the second term.

I concur

currentprice:
the first Q report was not that good, may be the reason price continue slide. would like to wait and see 2nd Q in few days time

-84% Very bad result

Yayira:
Oh okay.. I remember that juicy bonus . Thanks




You are right.. those that bought below today’s opening price are the winners.
Wow so cutix is trading at 84% discount ?
So many awof on NSE oo

3.90 ÷ 2 = 1.95 (1 for 1 with dividend) meaning that at current #2 plus, it is already above last closing price.