₦airaland Forum

UBA
- big volumes

rebekah2011:
Ucap at this level. I doubt it for now. I suspect that the company will want to also push out good news that will excite and sustain the interest of shareholders in the company.

- d bears have been pushed back
- see that fresh 1m units bid at 2.94 #chai

FBNH

- early minor pull back

Ucap
- will break N3


Zenith
- will retest N15 again ! watch for breakout

ExLaidback:
But was it posting losses in it's Total Comprehensive Income then like it is now?

charts just reflect price and volume actions of participants sentiments !
(there is no rational correlation with earnings or other factors in lots of cases)

DOLLARTEX:
All those holding our ucap for this long.u better drop it willingly for boys to buy or ucap will force u to drop it.starting frm tomorrow ucap i command u START FALLING,FALL,FALL please how many people are shouting AMEN?

lol join the train !
some say 50kobo div is too conservative , in time we wud know

Looking back

- 01 Nov 2015 trading ard $50/bbl
- 22 Dec 2015 down to ard $35/bbl (red flags)
- in a matters of days, dropped further and by 19 Jan, oil was $27/bbl
- since then Oil has rallied to $55/bbl but a lot of damage done to d economy , our health and wealth is hinged on d barrel

Whats your Jan outlook ?
Is the worst over?

Mpeace:
My brother pls clarify, is the $775million going to oando alone(as its share of the larger sum), and when? If yes then something is about to happen.

Don't know oh !
the finance gurus in d hse will hopefully shed some light !
im only looking forward t price/vol reaction

angelo82:
Whats your take on VITAFOAM?

- not liquid
-in the last 3 months , only traded over a 1 million units 3 times
-however its at a 5 yr low, all time RSI low on weekly chart
-watch for RSI brk above 50 on daily chart

Sterln Bank
- positive macd divergence (daily chart)
- SP found support at .70 levels
- RSi moved up , SP still flat '( +ve RSI divergence )
- but this stock is not liquid
- but last trading 2 days +10m traded
-

Weekly chart
- sterln was at dis level in Jan 2012
- rallied to N3 by Mar 2013
- its bleed out for 3 years back to a possible all time RSI low (weekly chart oh)
- interesting

#JustObserving

DeRuggedProf:
What are we buying tomorrow?

dont know yet ! let see if pull back turnup

i'm holding fcmb, ucap and Gunpowder - CASH

Most trading errors arise from emotional mistakes:

-Greed trades too big
-Fear exits winners fast
-Hope holds losing trades too long

ff @SJosephBurns


Personally, cutting losing trades and honouring stop losses is tough but a necessary step !
#tough

For those interested

#oil Sector

Quote:

…IOCs AGREE TO ARREARS REPAYMENT FRAMEWORK AS NET REVENUE IS EXPECTED TO INCREASE TO $14B BY 2020

In a move which will restructure the financing template for oil earnings, increase investments and boost government revenues, the Minister of State, the Federal Government has reached agreement on a new cash call exit policy with the international oil companies (IOCs).
The historic agreement which will bring clarity and stability to the management of the country’s main revenue source was announced by the Minister of State, Petroleum Resources while giving an account of key achievements of the Ministry in 2016 yesterday has already received the approval of the Federal Executive Council.
It is part of new measures and strategies aimed at eliminating the burden of Joint Venture Cash Call arrears and securing future funding for the Upstream Petroleum Sector.
These strategies which are fully supported by the National Economic Council (NEC) will lead to an increase in national production from the current 2.2mbpd to 2.5mbpd by 2019, as well as reduction in Unit Technical Costs from $27.96/Barrel Oil Equivalent (boe) to $18/boe.
The net payments to the Federation Account is expected to double from about $7Billion to over $14Billion by 2020 and the immediate effect of the new cash call policy will increase net FGN Revenue per annum by about $2billion.
Dr. Kachikwu outlined other innovations and initiatives championed by the ministry over the past year which have revamped the sector, restored investors’ confidence which was at an all-time low and positioned Nigeria’s Oil and Gas value chain for profitability.
It would be recalled that based on historical records, the current Cash Call system has been structurally defective and has failed to address the perennial Joint Venture funding challenges being experienced in the industry where the Federal Government underfunding of the industry through JV Cash Calls stood at $9.125 billion by September 2016. This arrangement will guarantee payments of statutory Oil and Gas Royalties and taxes by NNPC and its JV partners as well as profit from its investments in the Joint Ventures.
At US$42.5 per barrel Oil price which the 2017 budget is predicated on and US$24 per barrel fiscal cost recovery proposed for 2017 in FGN Medium Term Expenditure Framework (MTEF) recently submitted to NASS, over US$13 per barrel will accrue to Government as Royalties & Taxes from Joint Venture Oil and Gas Production apart from US$2.8 per barrel estimated as Government share of profit, at 57% equity.
This will restore investors’ confidence and achieve accelerated production growth in the Joint Ventures. New Governance processes will also be introduced.
The negotiation on behalf of the Federal Government of Nigeria which was led by Dr. Kachikwu resulted in a remarkable agreement by the IOCs who have agreed to be paid their accumulated arrears up to December 2015, payable over the period of about five years. It is important to note that this will not be a cash burden on the Federal Government as payments will be made via incremental production from each JVC.
Aside this key agreement on Joint Venture Cash Call Arrears Payment and Future Funding Mechanism signed today, it would be noted that under the stewardship of Dr. Emmanuel Ibe Kachikwu as Minister of State for Petroleum Resources and leadership of President Muhammadu Buhari, the Ministry has also made considerable accomplishments in the international frontiers through maintaining robust relationships and strengthening linkages within and outside the petroleum producing community.
Achievements recorded in 2016 include the following:
1. Successful tenureship and handover of the Presidency of four key international energy organisations namely:
- The Gas Exporting Countries Forum (GECF)
- Organisation of Petroleum Exporting Countries (OPEC);
- African Petroleum Producers Association (APPA); and
- West African Gas Pipeline Authority (WAGPA).
2. Successful election of Mohammed Sanusi Barkindo of Nigeria as the Secretary - General of the OPEC
3. Successful mobilization of OPEC members and Non-OPEC Oil Producers to dialogue on the stabilization of the global market in Doha; Algiers which culminated into the achievement of freeze on production at the 171st conference in Vienna
4. Rise in oil prices to US$55/per barrel for the first time in 16 months after negotiations with non-OPEC producers
5. Nigeria's successful negotiation of an exemption from the production freeze;
6. Successful hosting of the 52nd Conference of Ministers of African Petroleum Producers Association in March 2016 (APPA);
7. Provided leadership and support to other APPA members in the development of legislation, institution and systems for local content in Africa
Finally, The Minister of State pledged that the Ministry will continue to drive innovation and change in its approach to delivering an oil and gas industry that is internationally competitive and is governed by open and transparent processes to ensure security of investment for both domestic and international investors.

Idang Alibi
Director, Press
Ministry of Petroleum Resources
December 15, 2016

end Quote

Link: https://www.facebook.com/FMPRng/posts/289002688163575

Pls the finance people shud summarise for us

Oando faithfuls
- did you see wale Tinubu's tweet ?? asper the NNPC cash call agreement
- Oando SP carries emotions
- wont be surprised if there is a reaction


link
https://twitter.com/AdewaleTinubu/status/809438776409911296

ff

currentprice:
bro. do u trade forex?, i want learn more from you

No boss

Zenith (wkly chart )
- pull back almost over (since touching N17/N18 in June)

Daily Chart
- big red candle on friday ! opened on optimism , but profit takers came in
- next trading day will be key
- prev macd buy crossover sig was at N13.50 (12 days ago)
-

Unlike Zenith , GTB
- its been rally , pullback , rally from N13 (after final dividend in April) breaking 50dma all the way to N30 in Sept
- Pull back from N30 resistance (sell zone) to N20 - N22 support (buy zone ) RSI over sold for first time in months)
- bounced back gaining +20 / 25% (Nov to date)
- another trade will come




#JustObservingCharts

"At your fear climax buy, in terror buy more. At your euphoric high, sell slowly." - Jesse Livermore

Trade Tip


''Your trades should end in 1 of 4 ways:
Big win
Small win
Small loss
Even

Remove big losses as a possibility. ''

@SJosephBurns

Beware
''Easier to sit in a losing trade than winning. Hope emotion stronger than fear.''

stokfrick:
Union bank ehh!
4rin investors r gradually coming back!

600mln units traded PRE-Rights issue.
Seems Atlas Mara wants to take up more board space

Ucap
closing on full bid wt 1,243,687 left unfilled ! umm

Fcmb
survives 1.10

Zenith
bears wont let go

Eti
bullish

Guinness / Sterlnbank
full bid , no sellers left

locodemy:
we need someone to throw a bid @ 1.20 let us sing halleluya chorus today...

-bearish pull back building up !
- sellers are doing press ups (see offers taking position above 1.12 levels )
- brace for the pull back
- resistance wall forming

Sterlnbank
- sellers have finished
- support in place at .70
- +ve rsi divergence (making higher lows)
- macd showing buy sig also
- big vols last 2 days

#JustObserving

locodemy:
we need someone to throw a bid @ 1.20 let us sing halleluya chorus today...

arrgh that will be too sudden, lets go there gradually and let some get off the bus . journey still far

Tritri:
Most stock seems to be stangnant / reversing back ,everyone want to take 10-15% profits..Is this the investment people r talking about i want 100% profit or should i wait till next year? NSE place a trade...watch for good news ..hope...high blood pressure..stock pick going up 15% profit and everyone selling?

wat if you make 10 - 15 % , 3 to 5 times within the time frame plus or minus losses , will dat be an option or u want 1 stock that will do 100% ! !

#ummVeryTough

FCmb
- finds good support above 1.10 !
- we need to break dat 6m offer at 1.14

BMZK:
UCAP is on fire!!!

yes boss !

fxuser:
Ucap
- SP to open at 2.80
- interesting to see how mkt reacts , last time it was a rejection
- its a full brk out

#TGIF

UCAP
-SP Breaking out further
-full bid , no offer
- new 52 week high

Ucap
- SP to open at 2.80
- interesting to see how mkt reacts , last time it was a rejection
- its a full brk out

#TGIF

Dec month end Profit takers will soon start turning up as usual

Access
- SP has been moving above and below 20dma since pre interim till post interim
- looks like accumulation stage , stayed above N5 for months but never breaking up to test N6
- na to wait for those here

GTB
- very strong bullish sentiment remains