₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/16264_INTERNATIONAL_BREW_Q3_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

Impressive Revenue Growth..but Finance cost hitting dem hard! Nice Profit for the Quarter!!

http://www.nse.com.ng/Financial_NewsDocs/16262_SEVEN-UP_BOTTLING_Q3_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

more losses for this side sha!

Godisfaithful:
http://www.herald.ng/sola-david-borha-resigns-as-ceo-stanbic-ibtc-holdings/

http://www.herald.ng/we-will-not-pressured-to-change-our-forex-policies-cbn/

For those still waiting for devaluation...

http://www.vanguardngr.com/2017/01/forex-naira-appreciation-forwards-market-indicates-rising-confidence/

According to analysts at Cowry Assets Management Limited, the naira appreciation in the forwards market suggests future stability in the foreign exchange market amidst rising foreign reserves. The nation’s foreign reserves have been an upward trajectory since October 18th 2016 courtesy of increase in crude oil prices inspired by the production cut deal agreed by OPEC members.

Read more at: http://www.vanguardngr.com/2017/01/forex-naira-appreciation-forwards-market-indicates-rising-confidence/

zamirikpo:
nice guyz......am waiting for channels 10.am business news.....to find out if the CBN is gonna do the OMO feelamong talked about....anyone with better info, should pls feed the house.

Channels wont tell you until maybe a day after..

If you want real time info on OMO..open a communication channel with an investment banker that works in Treasury

zamirikpo:
@40manlappy........ i also read that update on liquidity dis morning. i dey vex oh. taking 18.28%, would reduce my interest ooh, in this economy every penny is important.

anyways....with the level of liquidity its wise to be conservative.

fingers are still crossed until tomorrow morning......i will decide in the morning. i need more info.


where is uncle........... feelamong ..............

I think the most important info to look out for on monday/tuesday is if the CBN would conduct any OMO!

Once OMO is done, this fear of excess liquidity and drop in rates would be removed...

Let's also look at the secondary markets trades come monday/tuesday...it will show d direction of d markets

who just crossed those Champions Breweries shares?

@BBoason: JUST IN: #NGRs total exports stood at N2.31trn in Q3 while total value of imports was N2.41trn, increases of 29% QoQ & 6% QoQ respectively.


JUST IN : #Nigeria posts trade deficit of N104bn in 3Q, which compared with N482bn in Q2

No wonder Emefiele Reserves are growing

@ForteOilNg holds board mtng: 30th

is that the reason for the rally yesterday

http://www.worldeconomics.com/SMI/Nigeria-SalesManagersIndex.efp


Nigerian Economy Close to Growing out of Recession

Rate of market growth continues to improve to highest level in 9 months
Monthly sales pick up sharply
Rate of price inflation remains substantial in January


January data for the Nigeria Sales Managers’ Index (SMI), which measures growth across the country, reflects a continued change in fortunes with the Market Growth Index (48.7) improving steadily for the 3rd consecutive month. The economy remains in recession but managers are reporting renewed business confidence on the back of improving sales as represented by the Sales Growth Index. Price inflation for January, which is tracked by the Prices Charged Index, remained very high at 62.0. Overall, conditions in Nigeria remain challenging but managers are expressing optimism that the[b] country will pull out of its yearlong recession within the next few months.
[/b]

ogoo4real:
Hmmm but Gtb is already set to fly high

any insider news on GTbank?

fxuser:
​Guinness Nigeria Plc released its Q2 2017 (Year-end June) results today.

· Revenue increased by +19.4% y/y to N59.5bn
· Guinness recorded loss before tax of c.-N4.66b
· A loss after tax of c.-N4.67b

#from investmentOne

whats wrong with Guiness Plc?

aside their finance costs wich went up from N2.2B to N6.1B which we all know is due to Forex devaluation..

why is their cost of sales up by more than 50% from N28.4 to N43.9B?

the only bright spot in their improved Revenue....

Retweeted Central Bank Nigeria (@cenbank):

xi.Nigeria’s Foreign Reserve now $28.9 billion


Those holding dollars can kontinue shaa!!

Those of you buying UCAP are very stubborn sha!!

0m00:
@Feelamong and everyone

Thank you for your contribution to this thread. Please do you reckon it would be wise to invest from Europe? That is, converting to naira, buying Treasury Bills and then converting back when the funds are returned by the bank?

Your thoughts will be highly appreciated.

Yes Bro...It makes a whole lot of sence to convert your Euros to Naira and invest in Treasury Bills.... most especially as you will be getting value in the Black Market,..

However do note that any further devaluation of the Naira by the time your investment matures... would mean that those ur gains in interest would be wiped off by the echange rate loss when and If you decide to convert back to Euros...

So you need to also keep an eye on the Exchange rates

Prince081:
@PaulWallace123
South Africa's biggest bank, #FirstRand, tells @business it's considering buying a mid-sized lender in #Nigeria. @TheTerminal @KatiaPorzo

https://twitter.com/PaulWallace123/status/822114401910136832

How many times have we heard this from First Rand Bank? They should have bought Sterling bank since but their Ijebu too much!

Anyway I will be looking at Heritage bank for theem now...cos those ones are really really distressed...

pyramid777:
i bidded for 182 days at 17.3%... i guess i didn't make the cut. what are my options guys ?

You could either go to the secondary market or wait for the next Auction in the next 2 weeks

fxuser:
Top Active
Access 31m (N7 support in play)
Diamond 28.3m
Ucap 24m (found some support ard 3.35)
Okumu 19.6m (cross deals )
Transcorp 11.8m (sellers come inn play)
Fidelity 10m (.90 support , sellers still in d game)
Zenith 10m ( touched 15.61 still found buyers, closed at 15.84 )
UBA 6.8m (opened at 5.1 , closed higher )
FBN 4.6 (opened 3.51 , closed higher)
FCMB 4.6m

This UBA photo finish.....is it for real?

locodemy:
Today's market na Bleep up o...........back to my biz to check back by 2pm...

na wa for you o!!

market just dey open na...

ejighi ututu ama njo ahia

Dear Feelamong,

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%

ETHIX:
We are waiting for feelamong to furnish us with the rate

Auctions were done today....

lets expect the rates by Morrow..

ukay2:
Nawaooo....the way myjoy (Godisfaithful ) de carry negative news these days like oga Peterooo.........na because of your dollar business with your abokI friends ?

I think you will do well if you open a new thread with NAIRA DOLLAR ABOKI THREAD ALERT....lol

...We are still in NSEPA......BNSITL

http://www.thisdaylive.com/index.php/2017/01/18/nigerias-external-reserves-hit-27-2bn/?utm_source=&utm_medium=twitter

Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according to latest figures on the Central Bank of Nigeria’s (CBN) website.

The growth in the reserves, derived majorly from the proceeds of crude oil sales represented an increase by $1.380 billion or 5.3 per cent in the last 17 days, compared with the $25.843 billion that it was as at December 30, 2015.

let dem continue to post the bad news...we will continue to post the good ones..

http://www.worldeconomics.com/SMI/Nigeria-SalesManagersIndex.efp

Nigerian Economy Close to Growing out of Recession


Rate of market growth continues to improve to highest level in 9 months
Monthly sales pick up sharply
Rate of price inflation remains substantial in January


January data for the Nigeria Sales Managers’ Index (SMI), which measures growth across the country, reflects a continued change in fortunes with the Market Growth Index (48.7) improving steadily for the 3rd consecutive month. The economy remains in recession but managers are reporting renewed business confidence on the back of improving sales as represented by the Sales Growth Index. Price inflation for January, which is tracked by the Prices Charged Index, remained very high at 62.0. Overall, conditions in Nigeria remain challenging but managers are expressing optimism that the country will pull out of its yearlong recession within the next few months.


For those still holding Dollars..........KONTINU!!!

http://nairametrics.com/egypt-shows-just-how-bad-a-free-float-can-be-after-years-of-currency-pegs/?utm_source=&utm_medium=twitter


For those asking for Free Float...Egypt is a good example

OBAGADAFFI:
[/b]

Not when you are expecting result.

Most investors will hold till they see the result.

I made that mistake once...

Now I will always set a target..get to that mark ..exit and wait for a draw back to come in..

more like buy on the rumour then sell on the news

Willie2015:
Access hit =N=7.00, you can do better than this!!

WOW! Access dey vex today sha..7.07

Profit taking time is riping o

Mopolchi:
I am happy for Ucap for removing shame from me.

Bros no be only you o!

I invested the funds I borrowed from my wife in UCAP...

Thank God o! them for don pursue me comot for house if to say the investment go belly up

Godisfaithful:
Stressfree money my brother

https://www.nairaland.com/3575128/foreign-reserve-hits-26.9bn-value


Continue Holding dollars...e go do you like Film very soon....

DeRuggedProf:
I may withdraw my bid and leave them at full offer soon.....

When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower." - Al Rizzo

http://independentnig.com/world-bank-forecasts-nigeria-to-exit-recession-in-2017/

The best time to buy stocks for the best returns is shortly before the recovery or at d tail end of any recession!

For those still holding dollars....

Good Luck to You!

Alert: The @nsenigeria will on the 31st of January list shares of Med-View Airline Plc by introduction.