₦airaland Forum

BullBearMkt:
...I beg to disagree DeRuggedProf. Technically, Daily price chart for Transcorp is bullish and its weekly is attracting lot of accumulation from its seemingly bearish status. Could be one of the stocks that "This easter period can resurrect..."

locodemy:
when someone's portfolio is in RED,it makes people to hate every stock but when in GREEN or signs of GREEN,it makes people to reason well.Transcorp is now on track,our brother peter is now a born again.No more USD say USD no say.

PETERiCHY:
https://www.businessdayonline.com/update-1-world-bank-lists-conditions-release-1bn-funding-nigerias-power-sector/

Nigeria would need to enforce corporate governance from power sector operators, make a definite policy statement on tariff, see to market discipline and develop a coherent strategy to resolve militancy, to secure the $1 billion funding it seeks for the power sector from the World Bank.

These conditions, among others, form the basis of the action plan developed by the Federal Ministry of Power, Works and Housing (FMoPWH) in the Power Sector Recovery Implementation Programme (PSRIP) recently approved by the Federal Government, seen by BusinessDay.

In an earlier report, BusinessDay stated that the Federal Government plans to raise $7.6 billion through the sale of NIPPs ($2.1 billion), World Bank ($1 billion) and AfDB ($1 billion) loans.

The Federal Government would also make budgetary allocations for $3.5 billion within five years, to pay its share in the cost required to fix power.

The World Bank Group says the boards of the Nigerian Bulk Electricity Trader (NBET), Transmission Commission of Nigeria (TCN), Nigeria Electricity Liability Management Company (NELMCO), Niger Delta Power Holding Company Limited (NDPHC), Rural Electrification Agency (REA) and Bureau of Public Enterprises (BPE) must be appointed.

They also demand the appointment of BPE professional directors on electricity distribution companies (DisCo) boards.

On tariffs, the lenders demand that the Federal Ministry of Power issue a policy statement on cost-reflective tariff, or subsidy path endorsed by the Federal Ministry of Finance, (FMoF).

They are also calling on the government to update Multi-Year Tariff Order (MYTO) methodology and make it consistent with policy, as well as carry out a review, in line with the MYTO review schedule.

Other conditions listed, are that the budget contain provision for approved MDA debts, put in place institutional arrangements for oversight, implementation and monitoring of the PSRIP, implement approved actions to reduce gas pipeline vandalism and communicate strategy appropriately.

Others are the conduct of legal review of sector contracts including Performance Agreements, Vesting Contracts and PPAs, to facilitate hitch-free contract activation, review by BPE/NERC of Disco investment/performance improvement plans, as well as the timing of projects in preparation, and issuance of policy for competitive procurement.

The World Bank funding would be applied in support of loss reduction, procurement of meters, rural electrification initiatives, financing programmes for TCN priority programmes, solar projects and investments in electricity generation.

According to the PSRIP, the government has commenced action on some of these conditions, after developing an action plan with clearly defined roles and responsibilities, action items and target dates for delivery for operators, regulators, government ministries, departments and agencies and the Office of the Vice President.

The Federal Government is carrying out a financial analysis of DisCos and GenCos, working on DisCo recapitalisation plan, verifying MDA’s debts and quantifying potential private sector investments.

The FG is also developing and implementing measures to enforce market discipline, mapping out infrastructure gap analysis among operators across the value chain, legal review of market contracts and privatisation agreements, developing a standard template for reporting and monitoring MDA PSRIP tasks and creating a communications strategy.

The action plan seen by BusinessDay, runs from March 22 to July 31, 2017 and ongoing activities indicate that the FMoPWH is trying to tackle the core issues while working on the quick wins.

“Gas production has increased 30% since the VP’s visit to the region in November 2016. The VP’s visit was the first of the FGN’s five-pronged strategy of active engagement in the Niger Delta to curb gas pipeline vandalism,” says the PSRIP.

fxuser:
FO
- is this the bottom ??
- looking at the FO weekly chart, current SP level used to be a major resistance in 2010
- hence the reason for a support ! will it hold ? that another question for another day
- back to 2010 , FO got failed to cross this same level and was rejected multiple times. This led to a bear run which saw SP drop to below N10 by 2012
- By 2013, (macd crossed zero line) a bull run started , SP had jumped above N30 , took a break rallied above N200 by 2014
- It looked like magic , wish i knew TA then lol..(pple where still asking questions)
- FO kept within a range btw 2014 -to late 2015, oscillating btw 150 - 200 and then rallied to an all time high by 2016 hitting above N340
- Since then its been on a corrective path.
- The correction has taken back a 3 year gain in just 1 year ! #wicked
- MACD on d weekly dropped to all time lows

IMO
- This stock knows how to rally and how to fall ! You don't want to bet against its major trend


#justObserving

fxuser:
Fidelity
- probably almost half a billion units traded this week ! a sure record week in a long while
- all the support will be needed at 88 kobo opening on Tuesday !

fxuser:
30m plus traded on top full offer !
D support is in ghost mode

fxuser:
Zenith is about to enter 14.50 exam test

fxuser:
lolllzz

This Fidelity Supply never runs dry !
The more the market wants , the more the market gives !
Post Ex-Div will be interesting

Lighter Note
After today , FCMb will take its rightful place as the chief pennystock leader loll
#kidding

fxuser:
FBNH
- now now now 57m units ! !
-

duni04:
There's a very strong possibility that Fidelity's q1, will be spectacular. Left the bus today to wait at the <0.87 junction

locodemy:
Dont buy today.You can join the train again with us at 1.00 starting from next week.It will take off again against Q1 result.Expect a major rally in fcmb next month.

holm:
Bought some today. We'll see by next week if I sat on any mine

holm:
Very true. However, in the search for Gold, Brothers on NSEMPA have been stepping on dangerous mines. (Gold + Mines = bad combination)

holm:
Transcorp, Oh Transcorp.

The godly version of the Satanic Oando

fxuser:
- if it closes at N3.10 , that wud be another inverted hammer back to back

Tritri:
Well what if FBNH result is better dan fidelity? dat means fcmb will drop to 0.80

fxuser:
- we await markdown tomorrow and stay objective with watever comes with it !
- u shud have a meme for dis

Tritri:
U said u will collect the dividend by fire by force right? Are you still on that stand?

fxuser:
- na so we see am
- all d hunters de Fidelity junction
- Exdiv will throw RSI into oversold region tomorrow !

Coolcash1:
Bid: 9.35M/ Offer: 2.4M

Coolcash1:
3.83M @ N0.99/ Ask: N5.7M @N1.00...The guy no gree sell o..

Discl: Yours truly cancelled his bid at N0.95

Coolcash1:
Bid 45M/ Offer 42.6M; Last selling price N0.99