Chibuking81's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:13am On May 25, 2018*

Mpeace:
I don't agree with the parts in bold. If the naira strengthens against the dollar, ie if the dollars weakens, it would be of greater advantage to the foriegn investor as it means more dollars profit and value for their investments in the country.
Example: if they have a unit of seplat at 720, that is $2 when converted at an exchange rate of 360 to a dollar.
Assuming the dollar weakens against the naira and 1dollar becomes 180naira, it then means that they have made more money by investing in the naira since that seplat at 720 which was $2 now becomes $4 at the new exchange rate.

You may no see or understand what am seeing and saying for now but later you will. But fact still remain that foreign investors are taking their gain. Converting 100 billion in dollar now, at current primary and secondly market will be more valuable when converting back to naira later to buy again when naira strengthen, and it will buy more units of share later when naira strengthen to #190 per a dollar.

( I.e 100 x 360 = 36000) ( 100 x 190 = 19000) https:///dollar-to-naira-exchange-rate-today-black-market/
still leave the money in naira Zenith at 25, how many units will each buy?

Or are you one of the agent of foreign investors

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:02am On May 25, 2018

Agbalowomeri:
Chibubear returning gradually

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:02am On May 25, 2018

Just to make common sense.

Oil price recovery from 27 dollars, to 45 dollars, to 65 dollars, now at 78 dollars per a barrel, it is a good news to the Nigeria economy.

But good and bad news to foreign investors.
Good news, as they have pump the stock price to above 100% with announcement of Nigeria coming out from recession, they will sell now and convert the money to dollars, to invest elsewhere, or to come back later.

Bad news; If they fail to sell now, they will be at losing side, because very soon, with rising of crude oil price, more dollars will troop inside the country from sales of crude, the price of dollars both in primary and secondly market will reduce drastically. Dollar will not be scarce again. Naira will be strengthen.

For instance, if dollar to naira is 1 dollar to 380 naira, if the price reduces to 1 dollar to 190 naira, that means the value of dollar for that foreign investors who wishes to sell his stake in Nigeria equity market to convert it to dollars has reduces by half.

One should not be surprise these days to see more offer building up, even when one assumed that price has bottomed out.

Foreign investors are cashing out, they are smart, but we need to also follow them with smartness by preserving our cash, because very soon, the price of naira will appreciate greatly. Economy will be stabilize again and then they will come in again. Stock market this days is just like game, it make one paper billionaire today, tomorrow it will still step him/ her back to millionaire, if not more lower than before.
Dividend and bonus use to be onions for ones investment, but today mode of trading has turn stock market more of gambling field.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:31am On May 25, 2018*

gamaliel9:
Treasury bill falls=bulls
Treasury bills rises=bears

So what is happenning now brothers and sisiters in NSE?

I am not understanding
Its like i will jaaaaaaaaaaaaaaa tomorrow

Election draw nearer = bear
Election finishes peacefully = bull

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:59pm On May 24, 2018

Today price seen so tempting to enter tomorrow, but its good for one to cast and bind every monitoring spirit from village first, before transmitting, to avoid transfusion.
As you enter a stock this day hoping to balance for upward movement, immediately you will see full light head lamp negotiating south. You jump out with little injury, only to jump in with hope that this time the coast has clear, the more offer you see, one will jump out again with more injury.

I hope people are not gradually vomiting what the ate during January bull ?.

If the MM scare people away from the market, Market participants will leave the market for them. Ihedioramma and Locodemy, has left, Peterich wanted to join them, but he want to recover some losses before biding good bye to friends till election or after election period.
Many more will join them if bear continues tomorrow. cool

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:00pm On May 24, 2018

Stock these days, the more you look, the less you see.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:12pm On May 24, 2018*

Coolcash1:
Election bear or not money will still be made...Just be patient....

Is good to be patient in other to enter at good price, most especially during election. Preserved cash can buy times two unit of any fundamental stock.

Patient mode activated. cool

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:08pm On May 24, 2018

Peter please remind me when ASI reaches 37000

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:58pm On May 24, 2018

Mcy56:
E be say the transmitter you sent confusedly transmit it to another person. I no see anything o
With this bear self, I no believe you, whether NSE don woundjure you already self.

Bear new manufactured language woundjure.
In fact someone should not transwoundjure, due to bear confujure.
grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:51pm On May 24, 2018

Coolcash1:
I think we need this bear for us to re-enter some of the buses we missed... What you are seeing is another transfer of wealth that is about to happen.

Just sharpen your cutlass....

That has been people anticipation. But only to enter hoping that particular stock has bottom out, but to end up discovery new low every day.

How far is the low, Chibuking don't know. The worse will happen, if this current bear ended up in handing over to election bear, that should be the end of discussion.

Like our brother Ihedioramma was knockout by this, he enter hoping that bull will surface the next day, only for grand papa of bear to surface, he left the market, and face his business like our brother Loco deed.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:46pm On May 24, 2018

kolaish:
Where is Ibeto listed please

He want to make more money from America.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:45pm On May 24, 2018

Mcy56:
Stones don dey fly upandan here o, chai! Make una take am easy o....... but Peter you get double mouth sha

Let me come and be going before one hits me, I don get Fide wound already

Fide injured people no be small grin

What of Flourmill? grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:44pm On May 24, 2018

William has his own theory, through his experience, our members will create their own. Be fearful when others are fearful, to avoid more injury.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:41pm On May 24, 2018

Market close, let people share their today experience, many entered some vehicle today, aiming northern movement, only for the vehicle to turn southern with high speed.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:34pm On May 24, 2018

Flour mill even @ #30.80 no one want to buy. This bear really mean business.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:24pm On May 24, 2018

Thank God for Morgan capital, their little commission fees has save a lot from been trap. At least some might forgo their commission to cash out, on time.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:16pm On May 24, 2018

Ikeja hotel door, now close.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:08pm On May 24, 2018

There is still small open door for escape, for those in FCMB.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:06pm On May 24, 2018

Mcy56:
Anyone in IkejaHotel that doesnt bail out on time is on his/her own o. The stock sabi trap people.
E no concern me self, na to say I just dey imagine the kind confusion wey go follow its full offer............ afterall, I dey nurse my own wound from Fidelity too.

Is like their market makers are creating artificial price of #2.35, if anyone eventually enter Ikeja hotel at this #2.35, I will not beg Peter to open the door till it get to #1.4 and start competing with Transcorp.
Anytime their door closes, and you are in as their passenger, see you at #1.4.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:20pm On May 24, 2018

locodemy:
Na only me and you get the heart to talk here now o.

Where our members na? This week bear don't have part 2.
All parts are in one, is like seasonal movie.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:18pm On May 24, 2018

Agbalowomeri:
Woundjurement ongoing; I am still limping

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:06pm On May 24, 2018

Flour mill and Fidelity are seriously dealing with their passengers grin

How far is the low, some are still looking for low. ( bottom out)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:04pm On May 24, 2018

locodemy:
chai chachacha chai.
who is not drowning?
pls show ur hand lets see.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:35am On May 24, 2018

wanaj0:
Any available money now is for ELECTION. Good time to be cash RICH.

That's it, bear continues

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:13am On May 24, 2018

Which direction will this over 700 billion share by FAAC push the market to?

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 10:05am On May 24, 2018

https://googleweblight.com/i?u=https://www.vanguardngr.com/2018/05/fg-states-lgs-share-n701-022bn-for-april/&hl=yo-NG

FG, States, LGs share N701.022bn for April
FG, States, LGs share N701.022bn for April
ON MAY 24, 20187:17 AM//IN BUSINESS, NEWSCOMMENTS

By Emmanuel Elebeke & Ene Ocheme
Abuja – The Federation Accounts Allocations Committee (FAAC) distributed the sum of N701.022 billion to the three tiers of government for the month of April.

Briefing journalists after the monthly FAAC meeting on Wednesday, in Abuja, the Permanent Secretary in the Ministry of Finance, Mahmoud Isa Dutse, who represented the minister of Finance, Mrs. Kemi Adeosun attributed the increase to the improvement in the price of crude oil globally.
Recall that global oil price is close to $80 per barrel following the dispute between US and Iraq on the one hand and the trade war between China and the US on the other hand.
According to the Permanent Secretary, the gross statutory revenue distributed was higher than the N480.559 billion received in the month of March by N132.458 billion.
A breakdown of the figures showed that the FG got N276.535 billion, the States went home with N140.262 billion while the Local Governments took N108.136 billion.

Also distributed to the oil producing States was the 13 per cent derivation mineral derivation of N49.756 billion and the NNPC refund of N11/269 billion. Added to that is the cost of collection/Transfer/FIRS refund of N38.368 billion.
After several years, the Committee (FAAC), remitted the sum of N24.5 billion to the Excess Crude Account (ECA), leading to the ibcrease of the ECA to $1.99 billion.
According to Mr. Isa Dutse, all the revenue lines recorded increase, especially remittances coming from the FIRS.
On his part, Chairman, Commissioners Forum, Mahmoud, while acknowledging the increase said that the increase was less than the committee’s target of N1 trillion.
He added that the states were discussing with the federal government on how to review the revenue sharing formula.
Meanwhile, the Petroleum Profit Tax (PPT) now stands at $0.133 million.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:04am On May 24, 2018

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:41am On May 24, 2018

lmm4real:
I háve lost #1 already from Df, dont know if i should sell off or buy more.

Please don't look back, sell, cash is king. The stock is heading back to #5/7 its fair Price.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:47pm On May 23, 2018*

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:38pm On May 23, 2018

ihedioramma:
The bulls are back

This was our brother last post, does it mean that he meant opposite.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:19pm On May 23, 2018

It has been a long time I see our brother Ihedioramma post, I hope all is well?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:16pm On May 23, 2018

The bear is not smiling at all, it also tied female scarf and wear koi koi.

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