₦airaland Forum

BullBearMkt:
NGX ASI AT A CRITICAL POINT: A MAKE-OR-BREAK MOMENT
The Nigerian Exchange All-Share Index (NGX ASI) is now at a critical point. The weekly structure continues to deteriorate, forming higher lows (HL) and lower lows (LL). A close below 96,961.25 in the coming week could make the Nigerian stock market increasingly vulnerable to decline across many stocks. Hence my previous post to be cautious in the market.

However, looking at last week's closing volume on the Nigerian Stock Exchange, it seems the momentum to drive the index further down is waning. If the volume continues to decrease as index declines, we may likely witness a false breakout.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Our index declines further today,will it affect Oando that we have not seen their result . A close below 96,961.25 in the coming week could make the Nigerian stock market increasingly vulnerable to decline across many stocks .TA Oga bullbearmrk ,OGG,Current price & I am not forgetting Oga Agba ,Pa Emma etc give us more insight what we should expect.

yMcy56:
E ku market o.

So our bros didn't come to shout "e don cast" for OANDO today?
Shey e no come cast again ni?

My bros don bad mouth so tey and as e come reach his junction, he jejely loaded and relax. Chai!! 😁 😁

When we saw thru them and raised objections, some people thought we don't know anything or what we are saying.......our "e don cast" Oga don cast himself. 😁

Osita even said I don't know past PAT and EPS.......
I hope you also missed the opportunity, so that next time you'll weigh options, do proper DD and let your ChatGPT or whatever lead you in the right direction, so also Choiceguy. 😁
Don't worry, just wait at your N5KM and keep dreaming...... 😊
We go all dey alright las las.....

I can't buy Oando @ N50,I rather wait and know why I should buy at N100.if it worth buying it then I can buy. entry point for me Oando 10-20 (30) and 100.

My point is those of us that are still in Oando bus should at least sell @ 40-50 to recover their invested capital why they keep watching the gamble game.we should not be extreme greedy.

mikeapollo:
No one should be scared even if Oando wants to delist. The least that they will have to pay to each shareholder is N49 per share if they decide to delist within the next 6 months.. And if they deliver good results by that time, the price may even go higher than that.

It depends on your strategy tiring down your money for long while hoping to get N49.when there's other stocks you can play and make better money,without taking risk.

mikeapollo:
Lol! Anything is possible. Don't be surprised if you see the Ondo's price going down towards N10. There are people that would want that to happen so they can buy more, and I am one of them.
What matters now is individual preferences and focus. Short term gains/gamble; or long term massive profits?

The industry/sector that Oando belongs to is the money-spinning one, if one allows his/her investment to mature.

It is unfortunate that most of us fail to listen to that call of 400% even when they were seeing it on paper profit. Oando on a free fall by next week will be selling below 30

Now everyone is shouting I will load more if
price goes beyond a particular amount.

That's how gamble stock behave

undead:
Braking news from facebook. Happy Happy!!

Oga it seems you borrowed to invest in Oando,this one you are disturbing up and down.i will advise you reach out to pastor vee for counselling.

Pastor v come and carry your member

yMcy56:
I don't think I get you right.....but nevermind explaining further.
Blames and insults are expected and it's all part of the game.....We are used to it. 😊
I'm sure someone sitting on +200% gain or more would see it differently.
We are all here, I hope some monikers won't disappear when the odds are against them again.

* For those in OANDO let's be patient.
For those replying Streetinvestor, I think it's not necessary.

Some people needs to relieve stress and feel like a champion sometimes even without anything to prove it, so it's allowed.
Pls ignore him for the sanity of this great forum that has helped a lot of us,including him.
We will all be alright las las. 😊

Oando that will still sell below 30 to await the outcome of their result by ending of August.i only pity those that fail to sell after making paper profit of over 200%.

Mama is not about consoling.but they have learn their lesson of not being too greedy.some want to make 1000% profit once.

The outcome of the result by inside information,determines the movement of the stock from first week of Sept. Those thinkin it will continue its movement to the north are day dreamers.

undead:
I want opinion. you no sell, everybody no sell, Oando good. Investor happy.

Oando paper profit continue to go down. nobody want to buy again even the gamblers

currentprice:
15 - 16 is TA good support entry zone here...

can the on going capital raising allow it to reach the zone?

Time will tell

[right]patience is the key no rushing [/righ

Nice one @ Oga CP

Streetinvestor2:
Dey look for spelling since na English class we dey.Don't be trying to read in-between the lines so that you can really follow the money. If you know why oga emmanuelewumi is my highest oga for this forum. And I don't joke with his post because I try to understand both the plain and hidden meaning in his post.And I have not seen whr he went wrong.
I wish I could even write in igbo na watin for dey happen. You go tell me how many way dey right in queen English for naija be billionaire which is my target soon.
All my post na from my phone because I have plenty active business join.

OANDO don cast. Pls make your decision. I forgot you bought because one prophet asked you to buy.Then why you come they Para for my post...lol

Some people just made paper profit and they can't behold it going down.a stock that have not published result and speculation/ assumption just pushed the stock to over 200% and they refused to sell.

like the lady that advised we should hold that the price will appreciation but the problem is when to jump out.
In my veiw Oando go know where again until after Aug. ending When inside information will tell us how their result be.

stronglink:
I don finally drop from eterna bus with 41% profit banked. Safe journey to those still in the bus.
Holding time: Two months and nine days

My guy it seems your village people is after you. For those us that believe that capital preservation is more important than capital appreciation.eterna will still move beyond that price you sold.

SonofElElyonRet:
20% hmmmm...

What's the implication to unity bank share holders. please explain

chimex38:
He has also exported some if not of the refined crude to ready markets in Europe.
He has also been selling diesel and other distilled products in Nigeria.
Na the almighty Fuel remain
The raw crude never finish so?..

That refinery needs a guaranteed Long-term crude agreement n supply, no be to dey go market every four market days dey fain crude.

But dangote denied the news of selling imported crude.let keep our fingers cross,he promised mid of Aug. Let's wait and see how it plays out.

chimex38:
NUPRC Vs Dangote Rift
One Week.. One Trouble

The 'sanctity of contract' principle means that legally binding contracts must be honored and upheld by all parties involved, ensuring the integrity and enforceability of agreed-upon terms and obligations.

In normal language you would also say "contract sacredness" instead of "sanctity of contract"
Source:https://www.legalbriefai.com/legal-terms/sanctity-of-contract.

Obvious our Crude Oil had been contracted out.. Especially from the Afriexim bank $3bn loan.

Implication of The Released Statement:

We may not have PMS (Petrol) supply in August from Dangote Refinery (My Opinion

I thought dangote have already imported crude from US and Brasil. I expected him to start sell from those refinered crude pending supply from NNPC

PETERiCHY:
DANGOTE SUGAR made a HUGE LOSS of 144B in their Q2 2924 results compared vs 28B loss they made in Q2 2023.

SHARPEN your CUTLASSES and WAIT for it @ circa #10

BARGAIN HUNTERS TAKE NOTE!

I will never joke with the prophet again.his spiritual insight cannot be compared

mikeapollo:
OANDO!
Money spinner in Town!
Sighted @24.55! Full bid

Shhhhh!
Why are you making noise about Oando? It may sound very irritating to non-gamblers
Please let us just keep quiet and watch how it goes until el-dorado!

Let us also respect ProphetUtuocha. His ministry and prophecies may not be fake, even if he doesn't have the real anointing!

Village people is after my me.
Pastor Agba, what is going on Oando.bullbearmk is the man that deprived me this opportunity because of the wrong court date he posted.i was waiting to re-enter Oando later.the rest is history.

thebargainhunte:
https://www.thecable.ng/breaking-tinubu-directs-nnpc-to-sell-crude-oil-to-dangote-refinery-in-naira/amp/

Good move by fg

This is great news to dangote refinery,consistent supply of crude is very important.

megawealth01:
And it entered full bid fast fast... Bonus things who will be held responsible now?

The market might punish AFRIP for this miscommunication abi na mistake sef

That's why we are preaching you should always confirm what is on the table before jumping.

Mpeace:
Seplat result will be released tomorrow. Webcast follows immediately at 12noon.

I just dey wonder why they decided to follow this procedure for release of q2 result.
Are we expecting a horrible or wonderful result?

from every indicaion you will know that they will produce a good result.

Raider76:
When is Oando next results expected please?

30th Sept wale promised he will publish up to date result.

mikeapollo:
Oando's next financial results expected by end of Sept 2024.
But I guess there are some developments in the company that are making the price to rise in recent days.

There's no development but speculation,which is part of the game.only know when to jump out.

Can a company share price start rising without good result.

mikeapollo:
The big people here have been with Eterna Oil for some time. They know themselves ( I no go mention any name)
Only some ''small boys'' like myself have been making noise and doing strong head about Oando.

Oando full bid is getting stronger.if you missed Oando don't miss Eterna Oil

Streetinvestor2:
Onado can you give me the second target of #30 this week on different portfolio bet.We watch and wait....lo

Oando to the moon.#30 is possible any moment but if you miss Oando don't miss eterna oil .

SonofElElyonRet:
But you didn't cancel the name of the director of Oando in the second place it appears in the screenshot

To me na just speculation .it might not be coming from him,but speculation is part of the game.untill Oando publish result and wale says he is no longer delisting then the game will change. It is still a gamble,stock price does not move in a straight line.

megawealth01:
OANDO still remains a GAMBLE...

Nothing anybody go tell me

currentprice:
EKUU mKT O

EKUU weekend too

You are sighted boss,anything for the boyz

Bagwa:
Transcorp plc proposed Declaration of Interim Dividend of 10 kobo per 50 kobo ordinary share for the period ended June 30, 2024, was approved

https://doclib.ngxgroup.com/Financial_NewsDocs/41778_TRANSNATIONAL_CORPORATION_PLC-NOTIFICATION_OF_OUTCOME_OF_BOARD_MEETING_CORPORATE_ACTIONS_JULY_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/41780_TRANSNATIONAL_CORPORATION_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

@ Bagwa,When is the next court date for Oando,abi the case has ended.

sterlingD:
TRANSNATIONAL CORPORATION PLC Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41780_TRANSNATIONAL_CORPORATION_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

Nobody they discuss about result.the forum is gradually changing unlike before.nawaoo

Streetinvestor2:
You dey mind the yeye government. They have borrowed life out of the economy without anything to show for it.They are looking inward to steal from us via 50%on forex,dormant accounts and unclaimed dividend..what a useless minister of finance and half baked cbn governor. This was actually they stopped bank from paying dividend from it and part of recapitalisation fund.

Have increased rate which you said they will maintain

onegentleguy:
One may assume the latest monetary policy decision by the Apex bank to be a relaxation in policy direction, but that's not the case.
It seems the regulator still sees an aggressive rate expansion as a "bullet-proof" means to tame surrounding risk/inflation.
The minor 50bps/0.5% increase in MPR (compared to past average upward revisions) is the CBN trying to mask her aggressive hawkish stance when in fact, the adjustment on the asymmetric corridor suggest otherwise.

For context, a 400bps/4% increase in the SLF-side of the corridor from +100 to +500 and corresponding disproportionate review in the SDF-side from -300 to -100 clearly infers that the CBN believes in, and is continually looking or should we rather say-- HOPING that an upward adjustment in rates can cover up for the negative real return created by the heightened surrounding risk/inflation and Naira asset pricing.
The problem with this sought of "hope" is that the apex bank might be neglecting the base effect these upward reviews have on funding cost and by extension, the real side of the economy which this so-called policy seeks to protect.

An asymmetric corridor of +500/-100 is the CBN effectively telling DMBs that we can afford to lend you money @ 31.75% but borrow from you @ 25.75% (ref: +5/-1% around the MPR)
That 2--6% min/max spread skewed in favour of the SLF-side of the corridor (above previous guide) clearly suggest that the bank may aside looking to speed-up liquidity sweep from the system, continues to attach a high risk premium to Naira assets, hence the disproportionate margin btw the SLF and the SDF.

It looks like the Apex bank is "trying to fight a battle but also instigating one at the same time".
I dare say that the CBN can not win this "war". ...not with this approach! And especially NOT when the fiscal side is playing dumb!

Possible implication and inference:

-- More pressure on CoF.... likelihood of further increase in surrounding risk/inflation. Could be marginal MoM in Q3, but broader in Q4.

-- DMBs with pre-existing healthy loan book and whose operating business model is investment driven than loan-based will do well.

-- From the micro-end, investing in coys/businesses with a "hedged capital structure" can not be overemphasized. At this point, the need for capital preservation is just as important as the quest for it's growth.

-- Rates in the FII market may remain elevated in the near term. Right now it's not just the banks that need your money, the CBN and in recent time the govt, also needs it!

-- Increased awareness and participation in investable securities as the quest to bridge the widening gap/disequilibrium btw purchasing power and surrounding risk widens. (one of the key reason the equity market may not reprise downward... driven by select anti-fragile coys and supported by favourable asset pricing)

-- Select healthy equity names from sectors that are bound to benefit from the "dislocation" in macro-end will do well.

It is well

Thanks OGG,remain blessed.

sky2891:
• The benchmark interest rate (MPR) was raised by 50bps to 26.75%.
• The asymmetric corridor was adjusted to +500/-100 bps around the MPR.
• The cash reserve ratio is retained at 45.00%.
• The Liquidity Ratio retained at 30.00%.
The next MPC will be held on September 23 – 24, 2024

Thanks ,it will help so many people to take investment decision

BullBearMkt:
Kindly disregard the date. My eyes dey see "double" that day. The year of the report wasn't 2024!
My bad!!!

You for notify your students when you later find out. It is well

SpaceX:
Hello folks!! I know a lot of people have missed me judging from the bombardment of messages i have received. How are you all?

This week have been tremendous and blissful, so much was accomplished for my weekly target. Happy to be here once again.

I can see all my friends smiling and joyful what a wonderful week!!

I will be having a FREE master class tomorrow by 11:00 am right here. Get your note books out with your pen and I promise this will be your LAST bus stop in learning how to trade effectively. It will be fun that I promise. I will also invite my friends from Top financial institutions to drop some knowledge it's going to be phenomenon. Get ready to network with top financial gurus and work your way up.

I have finally have the time to squeeze a little bit of time out of my busy schedules and present an amazing gift for everyone. Remember we are all one big family.

Get ready, be energized future billionaires!!!!!

It seems I missed the class