₦airaland Forum

ojesymsym:
Who are the markers of indomie, I want to believe they will be raking in a lot of profits this period as lots of people will be relying on it for their stable food.

Dufil prima subsidiary of tolaram group... they’re not listed on NSE but I think they’re listed on NASd otc but liquidity is very low there.

Bomboclad:
I only focus on summary, balance sheet and cash flow statement; i no be accountant or finance guru!

I try to check notes to financial statement for some explanation sometimes but some can cause headache

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/29715_GUARANTY_TRUST_BANK_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf

Unaudited results only 80 pages nawa for GTB was oh how would someone read this one now

RabbiDoracle:
Brent has broken down.

The government will need to learn the hard way.

They have been paying lip service to diversification.

There should be another devaluation in my opinion . Maybe to N500.

An article on this https://www.ccn.com/oil-price-apocalpyse-will-bankrupt-nigeria-africas-richest-nation/

RabbiDoracle:
Then shut in Wells. Supply will reduce as storage spaces are full. All of them can't keep pumping.

Lol according to their ‘capitalism’ they don’t do market colluding supply would only reduce when most go bankrupt

emmanuelewumi:
The CEOs salary increased from N42 million in 2018 to N147 million in 2019.Higher than the pay of the CEOs of FBN, Access Bank and UBA, about the pay of the CEO of Zenith. This is a red flag for a struggling business that is about to be turned around

The new core Investors might not be different from the guys who wrecked Oando.

Investors should be cautiously optimistic, avoid company's that are managed by Wizkid young CEO.

In another news the CEO worked for some years at Ocean and Oil

The Wale Tinubu connection

DeRuggedProf:
Go and see the offers, I will invite NCDC to visit that place......
He posted when people were trying to logon, Offers then were around 10m, the offers are fighting and attracting attention, Now over 16m and most people never logon ooo. Panic never start oo.
Chai, UACN = U Are Covid Now......

Lmao this cracked me up

wuwu2:
I am just trying to learn TA having followed @bbm and @fxuser on this forum for a year now. I just looked at zenith charts and my impressions;
After a serious gap down in March, it had since formed a strong support at 10.64. From April, however, it has been on an uptrend. This differs from the general downtrend @meshpips showed. The current most likely support, should it fall again, is at 13.48 and 12.62 respectively.
The current uptrend should it continue, should reach a decision point at 16.98 (I suppose that's why @oracle expects price to reach 17.
Now from here, the possibilities are to break the resistance, which if it does, it's likely to have a consolidation around there, with a gradual continuation pattern for the uptrend. The other possibility is 16.98 forms a new resistance, and it reverts to support at 13.48.
What do you think? @meshpips, @oracle, @bbm, @fxuser
NB...strictly for academic purposes

How do you determine the support and resistance? Using the moving averages?

aremso:
Nigeria in a entity, the death of Abba does not affect Nigeria in any form. Life continues, we have great problems facing us already.

We all saw how policy changed after the death of Yaradua and Kyari was well known as the strongman at Aso rock

DrAwo:
Most of the bad q1 we've seen so far are from companies that were struggling even before now...

Africa prudential registrar q1 wasn't that bad at all... I expect the q1 from the blue chips to start rolling in next week...

That might be a better measure of how things go...

Yeah they may not be too bad considering the operating environment but I think only few companies might do well

RabbiDoracle:
The NSE index should have a powerful breakout.

Have you seen some q1 results coming out they don’t seem too good

How does kyari’s death affect Nigeria and NSE abeg regarding policy and decision making...

Truth234:
Are you a journalist? Can you do business/finance related articles/analysis?

If you’re looking for I can do that, thanks

https://www.energymixreport.com/oil-firms-n4-58tn-loan-repayment-to-nigerian-banks-under-threat/

I don’t know whether this has been posted here

Mcy56:
Something is up at BUA cement, up with 95kobo and much cross deals... Up with 2.40 now.....

First bank falling hands.....they kept on dragging the price down ......

How can you spot cross deals?

seyisanya:
Sir, so many events happened between the time it sold at that high price and the current price. Examples are share bonus, dividend payout, dividend yield increase etc.

Consequently, smart long term investors who study financial statements of the companies they are invested in and pay attention to the figures will see the sign and bail out before the tsunami .

Pa Emma(@emmanuelewumi) is a long term investor, and I hope he will shed more light on this.

Another thing if I may add is management... the new md of Cadbury seems to be solid

seyisanya:
Sir, I doubt if you have access to their FY report 2019. Recovery check is not about stock price difference, else 90% of coys on NSE will be a no go area!. I think they're not doing badly at the moment. WAPCO, UACN etc are also examples of companies on a good path after the storm.

It’s actually one of the company’s financial statements I read... it’s a company I like for no particular reason... I’m just thinking of the long term shareholders that have been holding for years, do you ever see it rebounding in the mid term like the likes of uacn and Wapco are

1kinggy:
Bunmi oni did me strong thing with his stunts at Cadbury.

Cadbury hasn’t still recovered, from 55 naira to struggling at 7 naira

As I’m at home, I’ve been studying the history of the NSE and came across the fraud in Cadbury... who knows the story of Bunmi oni first hand please. I would like to learn a little more to expand my knowledge.

OBAGADAFFI:
GSK and MAY & BAKER : you have done well for the past two weeks.

Continue.

Wonder why Fidson is not in this bus too

PETERiCHY:
WAPCO journey to kilometer 18 about to commence.

BARGAIN HUNTERS TAKE NOTE!

thought you had jumped out oga

Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now .......waiting for 100k to move ...

I have been waiting for this report, I was already afraid today was bearish

Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now .......waiting for 100k to move ...

javascript:void(0);
have been waiting for this report, I was already afraid today was bearish

seyisanya:
The stock market generally responds to likely future events, not necessarily about the present. The very reason why markets around the world tanked heavily at the wake of COVID-19 and responded positively when government interventions started trickling in. I think the market will generally continue to travel north but will definitely make slight pullbacks here and there as the news of economies re-opening, and the flattening of curves of COVID -19 continue to happen. My advice: Let's stay invested!

true, and also as countries gradually start opening up and activities resume. I heard spain is opening up cautiously setting up a template for how countries apart from China can open up. https://www.mercurynews.com/2020/04/13/spain-cautiously-begins-to-exit-coronavirus-lockdown/

How would the market respond to the extension of lockdown or was it already priced in?

DeRuggedProf:
I am 100% sure you are leaving this bus later TODAY 14TH APRIL 2020 and you will leave before 1pm. Blind passengers, take note.

That man na oga... a great hunter

RabbiDoracle:
Singapore index
Niffty India
NSE Bank Nigeria
Zenith Bank Nigeria

Spot the difference.

Not a chart guy but This is very detailed, thanks

yom2:
na u dey quote that won

no be our commander-in-chief

yom2:
but america get power o..naija no fit influence this kind deal

Saudi Arabia are their allies and know that if USA pull out of middle east, Iran is coming for them straight.... as long as USA intervened they were bound to comply.