Born2berich:
I have been buying oando since from around N18 down to N12 but am already tired and running out of cash. The way oando is falling it might go below N10 soon.
#jokeoftheyear

Ahh Oga born2berich, you get serious liver oo. Averaging down on Oando is the greatest analogy for the catching a falling knife mantra.

Oando has broken my heart several times in the past but at this price, not sure it can break my heart that much.

myjoy08:



Examples of the Memo Sent by one of my bank Standard Chartered Bank...

Dear Valued Client,

Further to the communication to you on 29th July 2015, regarding the receipt of foreign currency into domiciliary accounts held with Standard Chartered Bank Nigeria Limited, we hereby inform you that due to supervening regulatory developments, we will no longer be able to accept your foreign exchange (FX) cash deposit with immediate effect.

However, please note that the Bank will continue to receive, into your domiciliary account, inward FX telegraphic transfers from other banks. You will also continue to have access to funds in your account(s).

We apologise for any inconvenience this may inadvertently cause you. Please be assured that we will contact you as soon as we are able to commence receiving foreign currency cash deposits...

Great!!! This should intensify the sell off in the parallel market and bring down the price of $$. The banks are indirectly telling us that Naira is gradually becoming king. Sai Buhari!!!!

Appreciating Naira, declining NSE.A match made in heaven for the astute investor.

myjoy08:
We are getting there slow and steady...


http://www.thisdaylive.com/articles/naira-rebounds-in-parallel-market-as-banks-reject-dollar-deposits/216163/

Yes oo Emperor Emiefiele and CBN are working. Let it come down to N200 fast fast Abeg I need to add to $$ stash.

Dr Agba Abeg allow Afriprud come down small to N2.50. Make I follow you enjoy this tasere dividends.

doublesugar:
What is happening to all the banks stocks, they are the worst hit by the bear today.

Great day to bring the briefcase into the market in search of good bank stocks. Got my first tranche of zenith at N16.06. Will reload again at around N15.50. . The hunting continues next week.

Aloaye:
http://www.nse.com.ng/Financial_NewsDocs/10403_FCMB_GROUP_HALF_YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

does FCMB look good?

In the city of the blind, the one-eyed man is king. The result is not too bad sha, a 48% increase in loan loss expense is not that terrible considering what other banks have put out already. A 14% decrease in PBT is still a bit manageable. In my opinion, not a bad buy around the N2.50 range.

ogoo4real:
So many company results are pouring out yet no result 4rm baba wale "Oando"

One of my Ogas called it #joke of the year and another Oga called it the promise land. Oando giving High BP since time immemorial.

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/10402_AFRICA_PRUDENTIAL_INTERIM_DIV_CORPORATE_ACTIONS_JULY_2015.pdf


Omo see groove on top APR!

17kobo as Interim Div!

If only I had been brave to increase my portfolio of this stock!

E be like say bros Tony need money to buy more transcorp shares as the stock dey fall so he has decided to bless mere mortals like us. Who am I to complain. I go chop like Dr Agba and clean mouth.

stockbull:
CBN will definitely devalue the naira.it's a sort of dilemma for the CBN gov. making decision but he cant continue to defend the reserve even if he's under influence of the presidency.As the gov. of the apex bank,you cant expect him to be telling the public that our currency is not strong and that,there's need to devalue it...get that picture.in fact,i'm expecting one devaluation this year and another one next year.the naira should be pegged at N220 to one dollar by next year end.

Well said Stockbull. I always laugh when people try to defend the CBN Governor when he keeps saying the Naira is appropriately priced. The man is doing his job by telling Nigerians what they want to hear. It's sad that we dnt have a definite plan on how to bring out the country from this present economic inertia.

In as much as I do not like this so called devaluation, it's one of those bullets we have to painfully bite. Nigeria seems to be gradually slipping into the stagflation zone and I just hope we dnt get there. Crude oil just broke its $50 support last week for the first time since April. The much talked about interest rate hike in the US might happen this September. Iran is about to open its taps and flood the already oversupplied crude oil markets with more oil despite the over 30 million barrels it has in tankers in the high seas that it is trying to dispose. I dnt see any respite for the Naira in the short term.

Well i wish the CBN governor good luck with trying to continue to defend.

myjoy08:


You can read these as well Sir...

http://www.vanguardngr.com/2015/07/we-wont-bow-to-pressure-to-further-devalue-naira-cbn/

Anyone that believes what the CBN is saying can virtually believe anything. What do we expect him to say, of course they have to make Nigerians believe that they are doing their work.

I dnt know how long we can continue to prop up a currency that is a product of an economy that is structurally weak. The spread between the official market and the parallel market is over 20% (a perfect environment for round tripping) and we are still trying to prop up the Naira, using our already scarce foreign reserves.This defense of the currency by the CBN looks more like an Ego trip than any clear-cut policy.

In as much as I do not support devaluation because it has not really helped the nation in the past and I do not see any advantages for its implementation at this time, our economy is stuck between a rock and a hard place and sometimes somethings have to give for other things to fall in place.

The CBN is living in illusion if they think all is alright. If Emeifiele knows he is sure of what he is doing/saying let's just float the currency and let the markets(demand/supply) dictate what the real value should be.

Moneysage:


Clown of life!

Oga moneysage you no go kee person with laff. . Even the main Cowboys are not finding this decline funny but MyJoy08 continues to give hope to the faithfuls!!! In the fullness of time, everybody's wishes will be granted.

myjoy08:
Note to Self: When it comes to bear, some analysts win. When it comes to bull, everybody win .

Yes oo That is when we all sing GODWIN!!!!

lancee:



That is daring the NSE , had it been the bull won could have been a different story now

Its part of the game

Yes boss. You win some, you lose some.

Agbalowomeri:
Anybody wey follow myjoy OYO, the ASI never even near its next support 27,500. We hope it breaks this support

Hahahaha but Oga Na true you talk oo. I am Yet to see anything that will give the market a breather in the short term. Just saw transcorp and NB's result and both recorded declines in PAT and their EPS. I dnt expect any fantastic result from most FCMG companies.

We are gradually heading into stagflation, inflation on the rise, we will soon hit double digits. Unemployment rate on the rise, misery index is high.

Exchange rate cotinues its volatility, crude oil price volatility heightened. To top it all, the economic activities inertia that the country is currently facing is not helping matters. Honestly as a nation, we are stuck between a hard place and a rock. The stock market been a leading indicator is just a reflection of all these uncertainties.

lancee:





I don use all money for emergency fund on stock I pray there won't be any emergency ..let the bull come 0

Chai !!!!NSE hard to predict , to get u na hardwork

Ahh bros, you get mind ooo. You put your emergency funds inside this our Danfo market.

myjoy08:


Babalawo

Chai. I go begin come your shrine for special intervention

Agbalowomeri:
Abeg dollar don reach 260?

Oga Agbalowomeri, Me sef dey wait oo but I never decide if that money go enter NSE or Na Ibeju lekki the money dey go. I need to go and join Pa Ewumi in some acquisitions down there. As money scarce for town, I might clinch some good deals

myjoy08:


The moment of many shinning teeth has arrived . Hope for the hopeless and strength for the weary! It is joy at last for those that defile the stubborn bear's instruction.

Abeg I wan ask, you be pastor or evangelist?

myjoy08:



I disagree sir. Expect the turnaround magic. These bear is ending tomorrow

Myjoy08 giving hope to all faithfuls since time memorial . carry go sir!!!!

megainvest:
What is happening in FO and FCMB?
8 to 9% 1 day gain in this bearish season cannot be by chance!

Trust the CSL Cowboys to play the 14:29 joker card with FCMB. They could not deliver yesterday but they made sure to deliver today. I am unsure for how long they will be keep it up. Na siddon look I dey!!!

Kai see as emotions dey fly up and down sha. Make una take am easy Na so market be.

While some people are praying for the market to go up, others are praying for the market to go down. In the fullness of time all prayers will be answered.

The people that have been praying for the market to come down are having a field day after that the people that having been praying for the market to go up will start enjoying too. Na turn by turn NSE dey reward people.

One love peeps!!!!

I just love this market cos it does what it wants to do at its own time. Now that the market is doing sales (buy one get one free)some people will not buy, later we will start seeing all kinds of prayer request for prices to fall. If you have been praying for prices to fall, this is your opportunity to buy everything .

In other news, U.S. Signing of the Iranian nuclear deal seems to be rattling the crude oil market. more oil glut to come, add that to reduced demand and see that crude oil price Will soon come under some pressure. Bring Naija into the equation and see that less revenue will be accrued to the govt.

Add that to the government's present financial woes and see that there are more woes to come. Now relate this to the Naira and see that N250/$1 and beyond is not far fetched. My brothers and sisters, Brace up for more austerity.

Born2berich:


I have said it severally that all banking stock follow themselves in ranking other. Have you noticed that since access bank started dropping from N6 down to N5.4, UBA had to give respect and also drop from N5 to N4.2? That is how the banks operate for now.

Zenith Q1 result and dividend payout was better than Guaranty's own yet it still couldn't catch up to GTB.

Unless UBA will release an extraordinary result that even the likes of GTB will tremble, it will still play second fiddle to access in terms of price.

Well said Oga Born2beRich; most times all the information we need from companies are inherent in their stock prices but most investors allow confirmation bias to get the best part of them.

Banks stock prices are reflecting what kind of results we should expect. subpar results looks like what most banks will release to the market in the next Couple of weeks. Stanbic has showed us the trend already. The bank's Loan loss expense increased by 449.3% YoY to N7.9 billion from N1.4 billion in H1 2014 thus resulting in a 40% decline in its PAT. Anyone expecting any fantastic results from the banks will have some rude awakening.

N/B: I have FCMB in my portfolio and I have no intention to sell. Will buy more at N2. If zenith bank meets me at the N17 junction, I will buy too.

Agbalowomeri:


Hahaha dream on brother. U go wake up by the time hunger wire your belle

Kai, my oga you are a wicked somebody. I sha hope this future is not synonymous with the #fullnessOfTime

ForcefullBULL:
Whether the dooms sayers like it or not, this is the time to buy. This market will jump very soon. select the best discounted stocks and PLUNGE in. You will be amazed. Let not this offer of buy 1 get 2 free elude you. JUMP IN























































FYI... I am swimmimg in NSE will all my funds.

While swimming with all your funds, always remember that the "NSE can remain irrational longer than you can remain solvent".

myjoy08:
CBN dismisses ‘parallel market’ role in determination of naira exchange rate...


http://businessdayonline.com/2015/07/cbn-dismisses-parallel-market-role-in-determination-of-naira-exchange-rate/#.VZ5v6_lViko

Someone needs to wake the CBN and Emeifiele from their slumber. This emotional attachment to our exchange rate has to reduce unless we might find it hard to progress economically as a nation. We need to adjust with the realities on ground. The true value of the Naira is what is obtainable in the parallel market and not the manipulated interbank/official market. Well Na siddon look I dey, dey watch Wetin go happen. **back to the sidelines**

Moneysage:


. Oga Agba! Immanuello has his TMs and you can distinguish him from the moniker in question by:

1. oga Immanuello often asks for his fathers/friends in the Lord, namely Agbalowomeri and Born2BRich

2. He is a shrewd investor with a huge appetite for penny stocks. You will rarely catch him dreaming about Total or Mobil.

3. Pythondjango does not appear like someone typing under duress or under the influence of Orijin

4. Immanuello often talks more about intentions, he rarely gives feed back about his loots or how he was looted. oh boy!

please le'mme add just one more

5. Immanuello uses decimal points in his posts. You won't catch him saying #2 for 'eternal'. He'd rather say #1.98 or less

oga Immanuello, abeg na joke o. But plenty truth dey inside. We're still BitL

Oga moneysage you no go kill me with laff.

Aloaye:
My thoughts is, many entered the market thinking it would replicate the bull effect of the March 28th election results and hence a lot selling started and eventually led to panic selling

The market should stabilize once the new govt's policies start taking shape, they should be fast though to avoid continued panic selling.

Buy the bear, Sell the Bull


God bless

If what I am hearing from the grapevines is true (might be false), then we might see some more days of this bear. For the astute investor no need to panic, just cherry pick good stocks and wait for the next bull. Myjoy08 will be able to tell us when next we should be expecting this bull

Chibuking81:
Today bear enter without notice, most of the stock did not survive today bear attack, pls who know how long this bear will last?, Hope it will not continue.

Was this account hacked ? if my memory serves me right you love the bears or have you joined the bulls camp now?

mercylicious:
'Real estate is not as easy as you think.........May God show us all the ultimate way to financial success........'

Amen oooo at the the quote above.
99% of ppl that sell land are dubious. No friendship in the business. Building is also not easy. The omonile wahala and the rest. You may also get tenants that are troublesome.

Last week, I went to a location I have property and what I saw there was not funny. Opposite our area, all d fence and properties were demolished. I found out that each property there has been sold to at least 3 ppl. The man i saw with the wife doing foundation opposite mine is no longer the owner of the property. Court cases will enter. Jazz things.

Asaba is even the worst. They will sell ur property to another person even if u have a gated fence and a security house with no tenant living. A day b4 they bring a prospective buyer to the place, they will break ur key and put their own. Once they arrive, they will use their key and open the padlock making the buyer believe its theirs . chikena.

No place like NSE. Just know when to cut your losses .

Hmmm. Very interesting. In as much as I do not want to credit/discredit any form of investment(real estate or stocks). I want to believe that both investment vehicles have different weightings in regards to how it affects your investment portfolio in the grand scheme of things.

A wise Egbon told me something a while back and it goes thus; "In the Nigerian justice system, if someone is convicted and been asked to bring a surety, the judge requests for a surety that has landed properties and not shares". This really got me thinking and even though I never really gave a lot of thoughts to real estate investments because of some of the disadvantages associated with it, I have started working on adding it to my investment portfolio. All na diversification noni

passwelle:

No idea Sir. May be non existent as the present full offer of the stock suggests .

Would be glad if this is pushed down below N1. Another company am keeping my eyes on this year. The pension arm seems to be growing stronger by the day. Their balance sheet looks cleaned out after all the provisioning done last year. They also seem to be getting things right considering their great market share in the insurance space(life insurance).

I won't be surprised if their share price starts to inch up in the next couple of months towards Mansard's price. After all, aiico is amongst the top four insurance companies (market share wise)but it's share price still lags that of mansard and custodian.

pdozie:


Do you still stronlgy believe FCMB is the way to go?

This is a stock to look out for in the next 12 to 18 months. Might have some challenges in the short term but the medium to long term prospects does not look bad.