₦airaland Forum

KarlTom:
VFD and NASCON bonus have been added to my Portfolio

I can't find mine on the Bamboo app.

Panadee:
It happens to many of us.

Self-forgiveness dey help well well o, especially when you realize that some others here have stated how they lost massive 'potential' gains e.g. Transcorp, Oando, etc. Keep moving

I wanted to purchase First Bank shares but after reading back and forth arguments about Oba Otedeko and Otedola fight over the control of First Bank on this thread I became scared to buy it. Though their arguments and counter arguments are well grounded.

My gut and inner chi said to me, forget these arguments.. buy the stock.. I bought First Bank shares eventually... Today it has delivered almost 50% ROI in less than 45days.

These days, I lookout for a company last financial report and if good and the stock is undervalue... I just enter. Same thing I did with NASCON several weeks back.

One stock picked on this forum I regretted not joining was Caverton. Somebody mentioned it on this thread when it was still very cheap and ripe for entry, I just placed it on my watchlist without investing some money on it.

This morning, I reviewed my watchlist, and I was shocked Caverton has done over 80%.

dapix:
https://nairametrics.com/2024/09/17/court-dismisses-shareholders-petition-against-fbn-holdings-agm-rules-case-as-academic/

I see First Bank doing another full bid today

I have noticed that the bamboo app doesn't update or refresh Nigeria stock prices on their platform during trading hours.

Sometimes the prices update after the market closes. For today, the app has not updated stock prices and prices might not be updated again today.

Sunrisepebble:
So it is still rumor but with the equity related transaction that concerns FMN and what I’m hearing they’re planning to do at completion of the exercise, it will definitely affect HONEY due to the significant stake. They are doing a consolidation. FMN had a predetermined price of about #70, but with recent share price appreciation and activity I believe that will now be revised upwards, to the displeasure of the people at FMN. With regards a target price for HONEY I am still unaware of the happenings there. Will drop more info as it becomes available

What is FMN?

Ginalex:
The movements in Nascon and Dangsugar is lovely to see. Nascon already on full bid

I told them but they said it won't. Sentiment is everything in the market.

megawealth01:
The possibility of NS/DS to continue going south is still viable until a major development happen for them...
Bargain hunters be prepared for a kill
We go dey load am at every giving opportunity

@megawealth01 is one of my favorite person on this thread... I made some real cash from his picks and cautions.

Abeg should I sell my FirstBank stocks now? I have already made almost 40% on the recent rally. I can't seem to find why FBNH has been rallying and I doubt if the recent price can be sustained.

OakPearl:
No doubt about him doing business of scale, but I don’t think it’s the refinery that slowed the other businesses down.
He is organized enough to multitask his vision for the group. For cement, I think it will take some time for us to see what Otedola saw and racked up the much he invested that ballooned the price from around N300 to N700+ between last quarter of 2023 and February 2024.
Upscaling vision for Sugar and Nascon businesses (Dangfoods) slowed because of the hitches with SEC on the merger approval. That in itself is now only a delay that will soon be done with as I hear there’s enough reason to include rice in the deal. They are dotting the i’s and crossing the t’s.
I won’t be surprised if supplies for both stocks begin to wane.

I strongly believe there is something about to happen to Dang Sugar and Nascon, hence I have been stocking up both stocks whenever I have spare funds.

OakPearl:
Whenever you hear Dangote Sugar, stop thinking of cubes of sugar. Remember you are talking about a refinery!

That is what most people here don't know. Dangote does business of scale and the singular reason the cement, sugar and salt businesses slowed was because Dangote Refinery.

PuristForest:
https://ewnation.com/nascon-after-a-60-correction/
https://ewnation.com/fidelitybk-a-corrective-phase-with-reversal-potential/
What can we expect next?

Sentiment favors a NASCON rally this week due to the Dangote refinery success. NASCON is Dangote third most important company after Dangote Cement.

Dangote intend merging the Dangote Sugar and Dangote Rice with NASCON though the mergers failed.

NASCON will rally at least 25% this week due to positive market sentiments and expectations for the Dangote Group.

megawealth01:
NNPCL confirms buying 16.8 million litres of petrol from Dangote at N898 per litre

https://nairametrics.com/2024/09/15/nnpcl-confirms-buying-16-8-million-litres-of-petrol-from-dangote-at-n898-per-litre

Our true national daily consumption of petrol is between 20million to 25million litres.

BullBearMkt:
NEXT SUPPORT IN SEARCH, AS PZ SELLING PRESSURE INCREASES
With the new low created in the last trading week, PZ is now in search of a new support level in order to hold the falling price. IF 14 level cannot hold the price, then PZ may likely drop to between 10.10 - 13.12.

PLAN YOUR TRADES AND TRADE YOUR PLANS

What is fuelling this massive selloff?

Richtaiwo:
You actually wish it doesn't happen, because there is no any news coming from the refinery that "doesn't seem like it is going to happen today."

I seriously want it to happen as it will ease things and start a chain reaction for the recovery of the Nigeria economy

Tankers are currently been loaded with petrol in the Dangote Refinery.

History is been made

Yesterday Dangote refinery promised that by 12noon today, they will start loading petrol to tankers but news coming out from the refinery doesn't seem like it is going to happen today.

Are we expecting another date?

KarlTom:
₦776 is a massive gain for Nigeria (that's circa ₦341 savings per litre).

Aren't these the same 'marketers' fighting to be allowed to continue importation at ₦1117 per litre?

Yeye dey smell...

Things are gradually looking positive for Nigeria and hopefully listed companies on the NGX will benefit from this positive economic outlook.

Companies within the Dangote Group will tremendously benefits from this breakthrough. I am buying

1. DANGOTE Cement
2. Dangote Sugar
3. Nascon

Sentiment favors these stocks... Market will respond positively to these stocks.

Raider76:
What is the good news for Eterna? The situation is going to be the same. Only instead of some marketers importing on behalf of NNPC it is now Dangote supplying NNPC. People just want to create a sense of rally. If I have Eterna I will rush to damp it on Tuesday.

Is there no market on Monday? Is the NGX closed for Monday?

unite4real:
That's not how we go about it here.
You may disagree with him but not an insult, rather you should give your own reason and make your contributions so that everyone can learn and also contribute to the discussion.

I hope I won't be insulted as well?

You ought to have ignored him. He is probably new to this thread and brought the regular vawulence to this thread.

We are here to learn and make money not for banters and rants.

Choiceguy:
Fg for now NNPC is the sole distributor of dangote refinery pms,with time other marketers will key in.it is really good news for eterna and other marketers,I am expecting a rally across all the marketers.

Tomorrow Sunday will determine if markets will rally. If Dangote really supply the 25million litres tomorrow, many stocks will rally.

megawealth01:
How exactly?

I still sent dollars home last week and the rate never change

By next week rates will be low if Dangote refinery is able to deliver the promised daily 25million petrol supply.

Sentiment favors stronger naira in the coming week

The Dangote Refinery is really gradually having effect on the Nigeria FX market

megawealth01:
One of my best investments in this market at around $15

I look forward to the day they will start paying me that 15 as dividends per share

JB is a great stock but it has been dropping in price

tefund:
Are you aware Dangote refinery imports the bulk of its crude?NNPC can only meet a fraction of its total need..

Nigerians don't consume more than 30million litres of petrol per day. Dangote is going to supply 25million litres while the balance will be imported.

What will be the impact of Dangote Refinery petrol supply to Nigerians on the NGX.

Will this event boost investors confidence and drive a more robust activities on the NGX. Will this improve liquidity in the NGX?

Will Dangote Sugar, Dangote Cement, NASCON benefits from a Dangote Refinery?

kolexy:
What is not clear? If Dangote should release the actual price to the public, people will come for him. This arrangement allows the government takes care of the difference between the actual cost and the pump price i.e subsidy.

Exactly... Dangote actual price cannot be less than ₦1,000.

The advantage with local production is that, the subsidy is easier to pay as Dangote will pay tax and FG is also a co-owner of the refinery.

Eventually subsidy on petrol will be totally removed as Naira strengthens. With local petrol production, the pressure on the Naira will moderate allowing Naira to exchange around ₦1,000 - ₦1,200 to a dollar in the near future. This implies a 30% reduction in the cost of petrol.

The focus should be how local petrol production eventually stabilise the Naira-Dollar exchange rate.

Without a subsidy on petrol, price per litre might go as high as ₦1,100 and this will spell doom for the government and APC. The opposition wants petrol to sell above ₦1,000 and this will be a template for civil unrest.

The best option is to subsidize petrol for now using Naira and also doing crude-petrol swap with Dangote Refinery.

This way, we can reduce the pressure of the Dollar allowing Naira to exchange around ₦1,000 to ₦1,200. Also inflation will gradually reduce.

A stronger naira means cheaper petrol. Within the next 6months the economy will greatly stabilise.

miiraaj:
Which kind confusion be this?

In another news, it says DANGOTE will sell PMS to only NNPC. What are these marketers saying again?

I'm tired oooo.

https://www.nairaland.com/8212900/dangote-refinery-sell-petrol-only#131992954

This news came later in the evening after announced Dangote-NNPC-FG meeting. NNPC will be the sole offtaker of Dangote petrols for now.

Dollar will moderate at N1,200 and the economy will get very stable.in 6months

Raider76:
"These marketers have written to the president that they have lots of old stock that they bought at higher prices they need to import and sell. So, they ask why they are been forced to exclusively buy from Dangote."

And all along we were told that NNPC was the SOLE importer. Kai!!

It is crazy how they weave lies. We don't know what to believe anymore. The president has not also shown readiness to tackle the petrol crisis

Today was a very positive trading day. A lot of Nairaland most discussed stocks grew.

My portfolio grew by over ₦240k today.

Princkez:
Who mentioned ELLAHLAKES here.....hmmmm

What happened to Ellah Lakes? Any update?

First bank has been giving us Oando vibes... The daily movement is fantastic but can this price range be sustained?

Do we sell or wait?