Cuteboy2's Posts
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 Car Talk › Re: Nissan Rolls Out First 'Made-In-Nigeria' Cars (Photos) by cuteboy2: 12:52am On Feb 21, 2015 |
Goddex:I wonder! Punch is so anti-GEJ, it makes Nation owned by Tinubu look tame in comparison. The commissioning of 4 naval ships yesterday, was tucked away in page 7 of today's (20/2/15) Punch. They made sure no pictures of the warships are shown. By every standard of measure, this purchase is the biggest single investment in the Nigerian Navy for over 30 years. The Chief Naval Staff confirmed this during the ceremony that the last time the Navy got 3 warships was during Shehu Shagari's government. 2 Likes |
| Politics › Re: APC Lied Again - Buhari Not Listed As A Speaker In Chatham House by cuteboy2: 2:41pm On Feb 20, 2015 |
I really cannot see the point in all these elaborate deception. Makes me begin to wonder that North is in for another round of a grand set-up by Tinubu. Since the North will not agree for Osibanjo to take their "slot", a constitutional crisis is gradually brewing and we are not even aware. |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 2:17pm On Feb 20, 2015 |
GodMode:Even the title of the 2013 Business Day article you posted states clearly : "omotosho-geregu-power-plants-remain-uncommissioned" The reason they were not commissioned was because there were no gas pipelines to the plants. OBJ hurriedly organised bogus commissioning ceremonies when the hue and cry to show evidence of the $16b expended on them became too much. GEJ has since built gas pipelines to supply Geregu and Omotosho, and both plants have since been commissioned by GEJ. These are the kinds of actions I expect from a leader - clean up the mess you meet, and build on the works others started. 3 Likes |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 1:56pm On Feb 20, 2015 |
AiyekotoIII:Yes, GEJ built pipelines to supply gas from Itoki Gas Booster station, off Escravos-Lagos Pipeline (ELPS). Gas is supplied to both Phase-1 and Phase-2 plants. At commissioning today if you had watched the AIT event, the gas turbines could clearly be heard running with steam billowing from all the cooling towers. The MD of NPHC also made this point, that unlike phase-1 that OBJ commissioned even though it was not running, Phase-2 ran from day-1. 3 Likes |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 1:50pm On Feb 20, 2015 |
LordCenturion:Yes! OJB (sic) project indeed. Since you worked there, perhaps we should call it Lord Centurion Project If we should follow your logic, non of the projects in Lagos should be called Fashola project. We should call them Jakande's projects, since Alhaji Lateef Jakande conceived all of them, including the Lagos Metroline project that General Buhari cancelled. 7 Likes |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 1:44pm On Feb 20, 2015 |
lekside071: So what is precisely your point? OBJ completed Phase-1. Even though he commissioned it, there was no gas to enable it supply power. GEJ came, ensure gas pipelines to Olorunsogo are built, enabling Phase-1 to begin to run. He then proceed to implement Olorunsogo Phase-2, which more than doubles the capacity to 750MW, and he ensured that Phase-2 runs on the day he goes to commission it. Is that not a better deal for the country? 4 Likes |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 1:30pm On Feb 20, 2015 |
anonimi:[size=14pt]LASG under the "wise" guidance of Tinubu has spent over N300 billion just to dualise an existing Lekki-Epe Expressway. No sub-base work is done. They just scrap the shoulder to widen the road, put a median, build two toll gates, 2 foot bridges between Tinubu's Oriental hotel at Maroko and VGC, Ikota. They put stone-age round-abouts instead of flyovers at junctions, causing severe traffic jams. Rather than build flyovers, they put cheap roundabouts so they can siphon more cash into Tinubus pockets, and so they can have space to erect giant APC billboards with Ambode's face on them. Eight (  years after Fashola assumed office, the road has not passed Ajah roundabout, a distance of less than 8 km. They people are suffering daily on this road. Innocent lives of hapless pedestrians are daily being cut short by people trying to cross this highway of death due to lack of foot bridges.Since last year they have stopped work altogether on the road. The few rickety construction company's (HITECH) equipment have been removed from site. HITECH is another of the many companies Tinubu uses as fronts to siphon money from Lagos State. *** WHEN WILL ALL THESE DECEPTION AND SOPHISTICATED CORRUPTION END? ****[/size] 3 Likes 1 Share |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 1:13pm On Feb 20, 2015 |
ZACHIE:OBJ did phase-1 delivering 335MW. GEJ started and completed Phase-2 using combined cycle technology which is far more efficient, effectively adding 750MW. Is this not what we all want? Large scale government projects are multi-year in nature. Due do huge amount of capital involved, and the long gestation period, they are usually executed in phases. Before advent of Jonathan's administration, this has been the bane of development in Nigeria, where a new government destroys what they met on the ground. Sometimes they start all over again, wasting precious public funds. At times they don't start anything to replace what they have halted. The later was certainly the case with Lagos intra-city train system planned by Governor Lateef Jakande during the second republic, but was cancelled by General Buhari when he came to power. Lagosians and Nigerians are bearing the brunt of that short sighted and callous decision. Where you expecting GEJ to come and scrap the NIPP programme, stop ongoing power projects, and conceive new ones? I really can't understand how some Nigerians reason. 9 Likes 1 Share |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 12:53pm On Feb 20, 2015 |
I have videos of this event, but they are too large. Exceeds the 4Mb limit set by NL. How can I reduce the size of these files? The format of the video is mp4, and size range from 120Mb to 38Mb |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 12:30pm On Feb 20, 2015 |
The 750MW Olorunsogo NIPP is the 3rd IPP built by Niger-Delta Power holding Company (NDPHC) to be commissioned by President Goodluck Jonathan since assuming office 6 years ago. The others were Geregu (Kogi State) and Omotosho (Ondo State). Gas for this new plant is supplied from the Itoki gas booster station and comes the Escravos-Lagos Pipeline System. 6 Likes |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 12:12pm On Feb 20, 2015 |
The plant is actually running, and already delivering power to the grid. You can see steam from all the cooling towers, and the usual high pitch sound of running gas turbine can be heard. This is quite commendable. 69 Likes 4 Shares |
| Politics › Re: Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 11:55am On Feb 20, 2015 |
More Pictures of the commissioning. 19 Likes 2 Shares
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| Politics › Commissioning Of 750MW Olorunsogo Power Plant: Showing Live On AIT by cuteboy2(op): 11:48am On Feb 20, 2015 |
[size=18pt]Commissioning of the 750MW Olorunsogo NIPP currently ongoing on right now. AIT showing the event live this morning. Pictures attached. More to follow.[/size] https://www.youtube.com/watch?v=eZWFUEQEmws 26 Likes 4 Shares
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| Politics › Re: Jonathan Commissions 4 Navy Warships (Photos) by cuteboy2: 10:48pm On Feb 19, 2015 |
itetemi:[size=18pt]Please post the pictures and names of the warships that OBJ and Buhari bought for the navy so we see how they compare with the ones GEJ commissioned.[/size] ** We are waiting *** |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 11:00pm On Feb 17, 2015 |
mercylicious:Are you telling me?!!!!!  . The div alone kept me smiling for days....I gobbled NASCON up once when it was beaten down. I was shocked that a stock that pays 90k div, was ignored by people when the price sagged to N4-5. It has remained a darling in my portfolio ever since. Up till tomorrow morning, pharmaceuticals and food processing companies cannot do without salt. Same thing with sugar (DangSugar). This is how Warren Buffet invests. People will always shave every morning, so he buys Gillette. People will always buy insurance, so he looked for one that is well managed, has good product mix, and the price was beaten down, so bought Geico. Ditto for Washington Post. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 10:51pm On Feb 17, 2015 |
mercylicious:On FBHN: Sure, I know about their Petroleum sector exposure, but most of it is for upstream oil business which is more robust and sustainable business, than the many fly-by-night briefcase fuel importers. Exposure to downstream is well within thier risk capability - just a few of the good things Sanusi Lamido put in place as Head of Risk at FBN, before moving to CBN. Compare their petroleum portfolio to that of the likes of Unity Bank (mostly product importers). They had to take newspaper adverts to beg their debtors to come and settle. The big boys among, also took their own full page adverts telling Unity to go to the moon, that it is actually the bank that owes them . They also called their SANs to dust up their briefs.The difference between FBN and the likes of Unity is the strength and size of the balance sheet, and how much shock they can take without going under. Remember during the early days of telecom sector privatization, FBN financed IIL purchase of Nitel. The deal went sour, and FBN took a massive hit. Then Bernard Longe was the MD. It cost him his career. The financial world was amazed at how quickly FBN shook off that lose in a few quarters and still declared profit and dividend. Smaller banks would not have survived the IIL fiasco. UBA is OK oooooo. I like their spin offs even better, UBA Cap and Afriprudential Registrars, since these businesses are pure play, and balance sheets are more transparent. And, off course, they have excellent dividend yield even at 2013/2014 prices. So also Skye bank @ N2. Just depends on your investment strategy and time frame. Diamond is an excellent pick @N3.6. When it recovers, it must chase N12. Div policy & yield history also excellent. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 10:20pm On Feb 17, 2015 |
bigass:@bigass. Indeed. Precisely, my point on these banks. One needs to be careful. However, one has to define ones strategy, investment goals and time frame. Once that is done, then pick stocks that fit these objectives, and monitor. Once you realise your objectives, simply exit. No sentiments. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 9:43pm On Feb 17, 2015*. Modified: 10:23pm On Feb 17, 2015 |
myjoy08:Very correct. This market is a buyers market. So many stocks with good fundamentals are beaten to the ground. Contrarian investors are spoilt for choice. Which one to pick, which one to drop. It feels like a kid in a candy store. Too much of a good thing creates confusion. The only small problem is will all these companies post pre-$1:N160 type of earnings in a $1:N220-N250 world?The current naira depreciation may sink some companies with excessive import inputs, and heavy dollar/Euro denominated debt. Companies some large import inputs who produce goods, with little or no alternatives, and with little competition will successfully pass on the cost to their customers (NASCON, Dangote Sugar, etc). Hence they will bounce back Banks are worst hit in this market, and understandably so. Many have large portfolio of foreign denominated bonds and other debts. Some are highly exposed to petroleum sector debts. If the foreign debtors call in the debts they are in trouble. If the heavy indebted petroleum customers default, and are too highly connected politically to make recovery difficult, the banks who serviced them will go down as well. That is why one has to be very careful with the banks. There is a reason why UBA is so heavily hammered down to N3, while UBN still stuck in their pre-consolidation archaic ways is staying high at >N8. If you must play the banks, stay with banks with good fundamentals, strong governance structure, and history of healthy returns (div). Apart from obvious FBHN, GTB, Zenith and Diamond are sure bets to recover fast in NSE and still deliver good returns in 2014 yr end. More analysis later as a separate post. 5 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 2:25pm On Feb 17, 2015 |
immanuello:Looks like you are coming from day trading perspective, or at most very short window of reaping quick gain and jumping out. If this looks like your strategy, before the election, it might not be realizable as the market will keep fluctuating until after the election. Even the earning season announcements by end Q1 will not help the market much. However, if you are following the Contrarian doctrine, and looking at medium to long term prospects when all election matters would have been dispensed with say end Dec-15, then you cannot go wrong with GTB and UBA Cap. Transcorp is more of a long term stock. Even though rebound is expected when market recovers, bounce back momentum might not be as strong as GTB. Oando is another animal altogether. It is highly leveraged with huge debt they took to buy Conoco Phillips. That is why it is trading below it's rights issue price, even after adjustment downwards in the middle of the offer. Very funny situation. I refused to take my rights as well, I bought it cheaper at the market!!! It is quite cheap at sub #12 considering rights offer price of #13 and price of peers like Conoil @ #32. Oil price firming up again to >#60. You need to be careful though with petroleum stocks, if you do not understand their fundamentals. There is a real reason there is such wide variations between Seplat (385), CapOil (0.5), Oando (13), Conoil (32), Mobil (150), Total (134), Forte Oil (212). ** In Petroleum segment, All animals are equal, but some are more equal than others **Have you looked at UAC Properties, Berger Paints, NASCON, Dangote Sugar and Flour Mills? These stocks will pay you good dividend, prices will recover, they are generally cheap, and there are no unusual dramas with them. 1 Like |
| Investment › Re: Stock Market Tips For Nigerians by cuteboy2: 1:17pm On Feb 17, 2015 |
[size=14pt]Where is everybody  [/size]It's lonely in here!!!!
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| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 1:14pm On Feb 17, 2015 |
Aks:Got into some Oando as well today. Still watching Diamond to meet me at N3 or there about. |
| Investment › Re: Stock Market Tips For Nigerians by cuteboy2: 12:59pm On Feb 17, 2015 |
This thread is so quiet. Everyone is so focused on politics, they can't see buy opportunities in the market begging to be taken. FBN at 6.48 NASCON at 7 Dangote Sugar at 5.9 Flour Mills at 27.7 Arrrrrggggghhh |
| Investment › Re: Stock Market Tips For Nigerians by cuteboy2: 12:53pm On Feb 17, 2015 |
LondonCool:True. That's when FBN did a public. Bought my 1st unit of FBN then. Never regretted decision. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 12:42pm On Feb 17, 2015 |
Akinmail:Gbam!!! I like the way you look at the underlying factors driving SEPLAT. People think it is a petroleum marketer. SEPLAT is the real McCoy. What Oando is trying to become. Upstream E&P is pure play, devoid of the drama and malfeasance of subsidy in downstream. Even if oil price stagnates at sub $40/bbl, SEPLAT will still pay handsome returns. They have topped 70k bbl/day last year and are currently hovering. Recently snapped up OML 52/53 from Chevron. Valuation at IPO without the Chevron assets was over N600. SEPLAT can easily do 100k bbl/day in 18-24 months. And that is nothing to sniff at. This stock will easily price higher than Nestle in in 18-24 months. ** Hope someone is listening ** |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 12:28pm On Feb 17, 2015 |
Processor01:WEMA is a sentimental stock. People glance at it once in a while because their grandfather's retirement account is domiciled there. If you want serious return on a banking stock when market recovers after elections, and assurance that current slide in oil price, and declining exchange rate will not severely erode the bank's balance sheet, preventing div payments, take a close look at Tier-1 banks (First Bank, GTB & Zenith). If you have a little more risk appetite in same banking sector, look at Diamond and Skye. A word is enough for the wise. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cuteboy2: 12:18pm On Feb 17, 2015 |
cadno:WEMA what LWKMD52 wk hi for dat stock is N1.21, and it is currently trading at 94k. Where is the momentum going to come from Where is the fundamental to back it up If you are interested in beaten down stock in banking sector that will easily bounce back, better line up following: FBHN, Diamond and Skye in that order. |
| Politics › Re: FG Unveils Take-off Of High Speed Train From Abuja To Lagos by cuteboy2(op): 8:28pm On Feb 11, 2015 |
gists:Apparently, not much progress was made during OBJ's time to actualize the project. The 20 year Masterplan or framework was agreed with the Chinese during OBJ's govt. GEJ government went ahead to award specific design and procurement contracts for specific lines in the Master Plan in 2012. See Vanguard report: www.vanguardngr.com/2012/09/fg-approves-n1-3bn-for-design-of-5-fast-train-lines/ In my opinion this sort of continuity in large multi-year programmes and projects is good for Nigeria. Unlike in the past, when every new regime will simply throw all the good concepts and plan of previous governments into the dust bin. Sometimes, they will not even propose an alternative, and the nation will be the ultimate loser. This is what happened to Lagos Metroline project, that was stopped by Buhari regime. |
| Politics › Re: Did Pastor Adeboye Intentionally Did This To Jonathan? by cuteboy2: 8:07pm On Feb 11, 2015 |
In 2010 the pastor blessed him with right hand. In 2015 he blessed him with left hand In 2019, he will bless him with right leg While in 2023, he will bless him with left leg In my opinion, these four limb, four fold blessings adds up to ALL ROUND BLESSINGS!!! NL una no go kill me with laughter, reading meanings into everything!!! Very hilarious |
| Politics › Re: FG Unveils Take-off Of High Speed Train From Abuja To Lagos by cuteboy2(op): 7:55pm On Feb 11, 2015 |
seunlayi:They achieved the Gombe-Kafanchan-PH link with new coaches on schedule. This was commissioned last week by Gov Dankwabo of Gombe. See link: http://www.voiceofnigeria.org/nigeria/gombe-kafanchan-portharcourt-train-service-flagged-off.html They seem to be working quietly, until some significant milestone is achieved. I can't wait to see the East-West rail link completed. A lot still has to be done. |
| Politics › Re: Nigeria Completes 1st Standard Gauge Railway Modernization Project: KADUNA-ABUJA by cuteboy2(op): 7:39pm On Feb 11, 2015 |
lilbabyak:The people are set to make that decision in March, namely, who should complete the tracks in current Master Plan, and possibly extend to your village as well. If only INEC will achieve same PVC distribution percentage in Lagos and all Southern States, as they have mysteriously achieved in Boko Haram ravaged states in North East. |
| Politics › Re: FG Unveils Take-off Of High Speed Train From Abuja To Lagos by cuteboy2(op): 3:53am On Feb 11, 2015 |
Pictures do not lie |
| Politics › Re: Nigeria Completes 1st Standard Gauge Railway Modernization Project: KADUNA-ABUJA by cuteboy2(op): 3:50am On Feb 11, 2015 |
IGBOSON1:Five (5) 68-seater air-conditioned coaches were luanched last week for the Gombe-Kafanchan-PH service. See attached picture. Just in case you missed the news. 1 Share
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