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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:16pm On May 03, 2022 |
RabbiDoracle: The statement simply means N590 now would have a purchasing power of N360, which is clearly a decrease in power for N590 prior to devaluation. Thus your math is wrong the percentage devaluation is not 39% but 63.89%. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 7:01am On Jun 20, 2019 |
DOLLARTEX: Forward ever, backward never! |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 6:58am On Jun 20, 2019 |
stcool: LOL! Temper temper |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:28am On May 17, 2019 |
Mcy56:That's right! Let's create our own bull run joor since we can't get a piece of the MTN action The only time they will give us chance is at the end like Dangflour 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:32pm On May 16, 2019 |
aremso: We might actually see a general bull run in the stock market 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:18pm On May 16, 2019 |
Chibuking81:The joining is where the problem will be. Already 10% up and being chased by N6.5 billion |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 4:21am On May 08, 2019 |
Mcy56:Not only kwesion, what of kweyri At 7pm shouldn’t you be in the kitchen doing your job; preparing to make dinner? I figured Dipo’s heading was a bit too alarmist and not mentioning some other details. The Mareva Injunction obtained by Access bank since January was an abuse of judicial process and has been lifted by the high court of Justice Aneke. This is obviously what is causing the Japaul rally. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 6:38pm On May 07, 2019 |
tritritri:Read it carefully, better still read from PROSHARE, their article is more detailed and less sensational. Japaul Plc’s Access Bank Burden: Excessive Charges Unhinge Relationship As FHC Vacates Mareva Order https://www.proshareng.com/news/Frauds---Scandals/Japaul-Plc%E2%80%99s-Access-Bank-Burden--Exces/45215 The case of Japaul Oil & Maritime Services Plc, who acknowledges the debt owed its bankers, Access Bank Plc but has a higher counter-claim as evidenced by the forensic report is the latest. The company has been under a MAREVA order obtained by the bank since January 15, 2019 that has all but crippled the ability of the listed entity to function as a viable going concern. Today, the Federal High Court (FHC) in the Lagos Judicial Division before Justice C. J. Aneke, recently won a court judgment against its banker Access Bank Plc over wherein it challenged the MAREVA order successfully. Enter The Forensic Audit To validate its internal accounting findings, the board of Japaul approved for a forensic audit to be commissioned and engaged the services of the reputable firm of Messrs Forensic Consulting whose report was received in July 2018. The report according to the marine service company showed that Japaul had been the subject of alleged excessive bank charges to [b]the sum of N18.7bn and $94m [/b]through a review of its transaction history with the bank. Matters in Contention Japaul claimed in the court papers that it had approached Access Bank to complain about the exorbitant charges it noticed in its corporate account with the bank after an internal financial audit. The company requested that the excess charges be reversed and duly credited back into its account. Recall that in Guaranty Trust Bank Plc v. Innoson Nig. Ltd. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 9:24pm On May 03, 2019 |
Mcy56: Written January 3rd Wow good call. Prophet mercy 3 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:58pm On May 03, 2019 |
A strange rally. Always knew this wasn't THE PARTY but never expected such a short abrupt rally. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:32pm On May 03, 2019 |
kolaish:Let O and O wait small when we finish from the other wards we will enter it 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:25pm On May 03, 2019 |
Mcy56:Yep! It's over 72M bids in total and rising! 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:16pm On May 02, 2019 |
locodemy:And that is the same "fundamentally sound" Zenith that was selling for N34.00 almost 2 years ago! 3 Likes
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:55pm On May 02, 2019 |
Mcy56: Yes o. Nice one Getting attention from genuine analysts that are relevant! What is the opposite of MH? LOL |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 11:50am On May 02, 2019 |
rebekah2011:Exactly my point. So many stocks here just bring out a little news and kalokalo starts Seems to be the name of the game Let’s just be wise in whatever we do. Make sure to measure your reach whenever you enter any stock even the ones with so called “good fundamentals” #KalokaloEverywhere. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:34am On May 02, 2019 |
Coolcash1: Japaul’s result is not too shabby at all! Turnover increased by 30% and all costs reduced drastically. Mr Jegede seems to have turned a new leaf |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 10:31am On May 02, 2019 |
Mcy56: Maybe not as high as you think. Doubt if it will reach 1.70 before “the wise” start bailing out! |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 3:35pm On Apr 26, 2019 |
Mcy56:Is it Oando or DF we are discussing? Anyway why won't he run (who go see masquerade stand LOL ) Masquerades here were chasing him and chief among them; you their high priestess!! I will look for your picture and show you! 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:53pm On Apr 25, 2019 |
Mcy56: 1 Like
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:45pm On Apr 25, 2019 |
ukay2:The dreaded Morgan Capital LOL |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:44pm On Apr 25, 2019 |
Mcy56:Then the most likely scenario will be a repeat of what happened in September 10, 2012 only this time we would expect it to be better |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:40pm On Apr 25, 2019 |
I put up bid for Dangflour @ 14.15. I saw my bid at around the first 1.7 million quantity! The market has closed and over 2.7 million shares have been sold. My bid still remained unsold at the first 1.7 million shares . Don't get it. The trades today mostly OTC? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:31pm On Apr 25, 2019 |
locodemy:I have. Why else do you think ..... We know what will happen when information gets out that BPE has awarded to Transcorp. We know around what date this will occur We definitely don't know who will win the bid So what we are saying is what if Transcorp does not win the Bid? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:27pm On Apr 25, 2019 |
Mcy56:LOL I say Odabor you say Dalu. Only hunting for |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:22pm On Apr 25, 2019 |
locodemy:Yes we realise this - but 51% of Afam is not the birth right of Transcorp so there is no guarantee that the company will win the bid. It is a bid right? So there are other companies bidding as well, yeah? Diamond and Unicorn. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 2:13pm On Apr 25, 2019 |
Mcy56:Really cracked my head on this, don't get it at all. Anyway are you seeing Japaul and Chams? Try to decipher and decode what's going to happen as the days go by. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:56pm On Apr 25, 2019 |
Mcy56:Don't get |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:50pm On Apr 25, 2019 |
Mcy56:Your baby? Cute. By the way Odabor to you too. Lucky Thursday. You would would would have received a #StillNoLove |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 1:47pm On Apr 25, 2019 |
Mcy56:LOL We are watching now |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:49pm On Apr 25, 2019 |
mendes911:For the umpteenth time my friend there is no error and definitely no bow legs here |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:46pm On Apr 25, 2019 |
PharmAlfred:Colorful scenario my friend but hardly practical |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by cornwall: 12:40pm On Apr 25, 2019 |
mendes911:A typo? Come on now |
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