₦airaland Forum

RealityShot:
please kindly explain the difference.

Scratch that.. Wikipedia clarified that.

My apologies to the house.

Thank you all for teaching me great stuff.

(but seriously: fundamental investing is hard in a country where th most profitable companies are kept private while the struggling ones are made public! Chai)

Conoil PLC is just filling station, or refine crude market outlets.
It's like a child of Conoil producing.

In a summary, they are different body .
Even the Conoil producing still received some returns from the little the Conoil PLC earned in a year.

https://www.reuters.com/finance/stocks/company-profile/CONOIL.LG
Conoil PLC, is quoted in NSE, while the juices Conoil producing is not quoted.

Conoil PLC, is just like Eterna oil, they are oil marketers.

http://www.conoilproducing.com/about/about-us

Conoil producing is;
One of the primary equity holder in one of the leading companies in refined products marketing in Nigeria ( Conoil PLC)

BullBearMkt:
...well, from the current outlook, the stock is not looking good, what I still see is lower-low. The outlook may change tomorrow. Sooner or later is left to market participants

On Fidelity, bullbear is of opinion of the stock moving downward, except otherwise.

fxuser:
Fidelity
- already shared by bullbear
- looking at dis weekly again and its warning dat things can ''possibly'' turn messy
- caution to holders carrying drawdowns
- its in dire need of a bounce next week else . . . um

Are you of the opinion that one should not buy Fidelity at the current price or the opposite ?

locodemy:
Dear chibuking.I get all your points.You are looking at this market with past experiences.Remember we dont use to have bull in January but 2018 bull started in january instead of the earning period(march/April).I strongly believe we will have a repeatation of January bull before july/August which you are seeing as a bull time.There will be bull between now and ending of next month.By july the prices of stocks will be overprice(another bear time).

Pls kindly respond your contrary view to this post lets put heads together and see if we can sight this bull.

If the MMM guys that enter January come back again this May/ June, yes they will come with bull.
But the questions still remain, did they make it during their January game?

Nigeria are smart, some people exist the market with gain, while some losses little more than they gain.

If the MMM group know what is good for them, the should not near the market this year, if they do, they will lose out, because many will enter and move out with little gain before their targeted period, and that will take the MMM guys into election bear period.

Main while, do you see Fidelity testing 2 next week, or has it bottom out at #2.15?

locodemy:
If you no dey for trap already then you go soon enter a very big one.

Trap is always there for investors to enter, most especially within this period, Politician are getting ready for 2019 election, and most are converting their money to cash, and sending it to their hiding area, this present government will be monitoring the movement of fund, very soon if they have not started.
Anticipation of election crises use to usher in bear, but I believed that 2019 will come with a little crises, not much as some are thinking, but intimidation using security agency will be on the increase.

For now no good news to drive the market up, only q2 2018, which should be around July ending been next two months.
Mr president assent to the budget will not even move the market as such, recently Nigeria population was estimated to be over 196 million http://countrymeters.info/en/Nigeria , oil is rising, the level of corruption is on the increase, the money that suppose to be remitted to the federal account is been diverted to personal pockets ahead of upcoming 2018 primary election, and 2019 General election.
For some months now the NNPC and Nigeria Finance ministry usually have unreconciled account at every FAAC meeting.

You will buy a particular stock today thinking that you enter at a very good price, only to check again to discover that the millions of offer roadblock has build up and has pass your assumed bottom out level.

This month and next month is for bear, stocks will be dancing one step forward and three step backward.

Bear period is usually a good time to buy, at a very good price, but remember that good price might be towards this month ending and next month, ahead of q2 2018 anticipation of result bull, thereafter introducing election bear.

Mpeace:
Oh sorry. Its 10.5at the moment. Dangflourers dont want to save it oh.

Hard truth, Dangote Flour is heading to #8

Agbalowomeri:
Watchout for the bull that sneaketh at noonday

Even if bull sneak in, it will sneak out next week.
We are in bear period.

Hope Fidelity will finish today on #2.11

Zenith bank still forming boss at #27.97 but will soon visit #27.50, then will proceed to sub #27
There is no news around to bring in bull, q2 is still far.

BullBearMkt:
...Fidelity has almost similar story, but in this case, there are more room to fall.
Expecting some bull reaction btw 1.5 - 1.7, then a low below 1.2 will definitely drag in sentiment sellers and buyers.

As I mentioned some weeks back, monthly outlook of NSE index is not looking good, so long-term investors should waiting for opportunities lurking around

Do you see fidelity going down below 2 soon?

mendes911:
Based on your new findings Sir, can you kindly tell us your price in view?

Still on review

Mcy56:
Oga Gentleguy, let's leave story. Those that have listened to his past speeches confirmed he was fluent with speech reading and that nothing was wrong with him; he's not suffering from any dylexia.
If he were to be suffering from this, it would have been discovered earlier and he wouldn't have been allowed to mount that podium.
I learnt he had issues with the Senate and we should know that politics in Nigeria is just too dirty. Just looking for ways to discredit and deal with him. Nigeria my country!
Maybe we should just stop discussing this here jare. A thread is currently trending on that same issue.

Supported, the IG is sound. He is a good man, he is welcoming.
I met him one on one inside his office in kano state, when he was still commissioner of police Kano state, sometime around 2011.

currentprice:
brov, check the eps very well Q1 2018 is 3.4k

Diamond mgt themself knows they are in mess so they wanted to confuse you pple. why did they reported annualized 2018 eps along side actual Q1 2017

Agreed, they are confusion specialist.

currentprice:
brov, check the eps very well Q1 2018 is 3.4k

Good to share views, it seems to be annualized.

cancelled

Comment withdrawn

With the attractive current price, which of these three will have faster capital appreciation, in the next 3 - 6 months. Also will be good to enter at its current price?
1 Fidelity
2. Zenith
3. UBA

OBAGADAFFI:
I give you A1 in Market-volatility 101

aremso:
House, why is CCNN on full offer?

Because it was once on full bid, that's market, over price.

Yayira:
Is very possible.. I think brokers communicate and they know which firm got the faint-hearted traders
They be like “Hey Morgan can you switch off your online trading access today ?” “Your people are at it again oo” and MorganCapital will respond “Yes I know.. some are even buying and selling the same day now”

just kidding

Or maybe other stockbroker want bear to continue.

debenzd:
TRW not working either. It looks like an NSE issue.

But CSL is working.

adetope22:
real time trade not working.. any help

Did Morgan capital think that passing of budget news by the Senate will bring in bull, forgetting that Mr president have to study it before his assent.

They should better fix/ solve the problem.

http://www.nairalovers.com/we-are-ready-for-war-if-buhari-does-not-win-in-2019-election/

https://www.herald.ng/if-buhari-loses-the-2019-election-we-will-fight-miyetti-allah-fulani-herdsmen/

All this bitter word should stop, before it will affect the market

Eterna, MRS and Oando are the quoted coy that made the list.
Which means, they still maintain the previous years contract winners, and added new foreign and local coy.

http://allafrica.com/stories/201805160094.html

Nigeria: NNPC Doubles Local Firms in Crude Lifting Contract List


The Nigerian National Petroleum Corporation (NNPC) has awarded 50 companies with contracts to buy Nigerian crude and more than half of them are local firms, foreign and Nigerian trading sources told Reuters.

Of the total, 32 were local companies, doubling the number of awards to Nigerian firms compared to 2017. NNPC also awarded contracts to supply crude to 12 governments, although it was not clear how many of the deals would be handled by the companies already on the list of awards.

NNPC awards the oil purchase contracts annually, but sources said the deals this year were for two years not one year. Contract awards were announced in January last year. Sources said the government may have delayed an announcement this time by several months as it sought to line up more local firms for awards, so it could drum up support for next year's election.

The sources said a partial list of firms awarded deals emerged on Monday, with a final list coming out on Tuesday.

This year's overall total of 50 foreign and local firms was more than the 39 listed in 2017. The list last year also included three bilateral government deals.

NNPC did not respond to calls and emailed requests for comment.

Nigeria's oil ministry said it produced more than 2 million barrels per day of crude and condensate in April. Exports were expected to average 1.8 million bpd in the first half of 2018, up from to 1.6 million bpd in 2017, loading programmes showed. The following is a preliminary list of winners: International trading firms and refiners: Augusta - Switzerland , BB Energy -Lebanon; Cepsa -Spain; Glencore - Switzerland based; HPCL - Indian refiner; Litasco -Trading arm of Russia's Lukoil; Mocoh -Switzerland; Petraco -Switzerland; Petrobras - Brazil; Sacoil- South Africa; SEER -South Africa's SacOil; Energy Equity Resources Ltd; Socar-Trading arm of Azerbaijan's Socar; Total- France.



Others are : Trafigura -Switzerland; Vitol- Britain; Calson - Vitol/NNPC joint venture; Sonara Cameroon refining co; and ZR Energy .

Nigerian companies are: AA Rano; Aipec; AMG; Arkleen; Barbedos; Bono Energy; Casiva; Cretus Emadeb; Eterna; Gladius Commodities; Hinstock; Leighton; Levene; Masters Energy; Matrix; MRS; North West; Oando; Sahara Group; Ocean Bed (Sahara trading subsidiary); Propetrol; Prudent; Setana; Setraco; Shoreline; Ultimate Gas; Voyage; West African gas; Zitts and Lords; Obat Oil & Gas; Duke Oil (NNPC subsidiary).

On the deals with governments the countries in the deal are: China; India; South Africa; Turkey; Ivory Coast; Ghana; Liberia; Niger; Sierra Leone; Senegal; Togo and Malawi.

Meanwhile, Brent crude yesterday hit a new high of over US$79 a barrel on data about higher demand in key markets such as China and OPEC's bullish Monthly Oil Market Report, which indicates that the global overhang in oil inventories is all but gone. The pending U.S. sanctions against Iran have also contributed to the price rise. Reuters

Agbalowomeri:
1.8

You want kill their passengers, that will discourage people from waiting for dividend qualification date, people in Eterna, should be worming up?

The more low, Zen and Fide go, more better their PE become.
Which of one these three will attain Kilometer 20/50 in both shot and long term, and is good to make 90% portfolio.
1. Zenith
2. Fidelity
3. Flour Mill of Nigeria (FMN)

2zona:
U are not alone brother, but when I see d price of fcmb, I always believe their must be green light at the end of the tunnel. Its only a matter of time. Zenith bank too was also punished like this after release of result and mark down b4 bounce back. Moreover some folks here predicted fidelity is going to 3 to 5 after release of the FY17 result but then may be Mr market wants to take it to 2 naira first b4 resuming its journey to 3.

What will be fide bottom out?
I think 2.20/ 2.25 will not be too bad, if ...