₦airaland Forum

Mcy56:
Lol. See my mood now....

Hehehehehehehe.

Hope you are having fun this easter holiday?

Mcy56:
My luv talk not too much.
Allow the oga do his marketing in peace. Dont let anyone come for your head. Dont you notice that he loves to promote his stock biz once he enters anyone?
Hope you are feeling much better dear.
Na you and my ogas I come greet here. Happy Easter, may the season usher in abundant blessings, peace and joy to us all IJN.

Amen dear. and same to you.

And thank you, I feel so much better now. I now have strength for performing my duties if you know what I mean.

swilo:
Since Oracle wrote on a likely recession sequence, I have been trying to understand how the previous recession in 2008 really happened. Nigeria had to shore up the global financial crises amidst the confidence in its system only because of our dependence on the USD cum crude oil.

Would that mean that once the US economy shakes then we know that an impending crash in NSE is near?

For the Nigerian Economy, your concern should not even be US economy or their dollars, it might affect us, but will come slowly like a ripple effect and might not hit us as strong as those around the US.

What I do know that decides the strength of everything in our economy is the price of crude oil. If you check the charts you will see it clearly.

swilo:
"...He would have been right if the Nigerian Capital market was also not in a bubble; engineered by the banks themselves who had granted margin loans to their customers to buy their shares in the stock exchange which made their stocks quickly appreciate, even without any corresponding improvement in fundamentals.

Soludo would also have been right if the Nigerian economy was (and still is) not overly dependent on crude oil exports for foreign exchange earnings and revenue; thus making the economy vulnerable to “oil shocks”. As the global demand for crude oil retreated and prices succumbed to speculative pressures, the economy started caving and Soludo’s statement ended up being only a damp squib.



Were these the true reasons for the Nigerian financial / economic recession in 2008?

Yep. A major part of it.

DOLLARTEX:
see ooo,my boss is truly in love.let me come and be going before they say I am jealous!

Hahahahaha.

Is love not sweet?

Godlylifeoneart:
fellow investors, has any1 observed the DEPRIVATION melted at us by JUMIA NG
One would have expected this company to list on NSE but the opportunity was taken to the US BOURSE NYSE
A company valued at $2.5 Billion would have had an instant impact on the Nigeria bourse.
A company that made almost 70% of its earning from Nigeria economy.
The company that will still make 90% of its future profits from the same economy
TO me ,the listing has more disadvantages. and the disadvantages outweighed the narrow and imaginary benefit they might have conceived
THE DIGITAL GOLD RUSH OF JUMIA AKA AFRICAN AMAZON HAS BEEN TAKEN AWAY FROM US
I WISH A TRUE NIGERIACENTRIC START UP COMPANY CAN EMERGE AND RELEGATE JUMIA TO KENYA
DESPITE ALL THE ODDS,THE UNFAVOURABLE BUSSINESS CLIMATE,THIS COMPANY STARTED FROM GROUND ZERO AND ATTAINED THE CLIMAX OF DIGITAL GOLD RUSH IN SAME ECONOMY.
I WILL NOT BE SUPRISED,IF THE LISTING IS SHORT LIVED,THEY MAY COME BACK TO LIST THE SCRAP ON NSE.
WHAT IS YOUR VIEW ?
The available information at public disposal was that the company was never incorporated in Africa
This imply an identity theft
they stole the african name, capitalised on weak regulatory activities and off they go
African countries are not good enough to be part of their success stories
in other word ...USED AND DUMPED

Jumia is an overvalued tech company living in a bubble, Nigerians should be happy they didn't list it here. The only position to take with Jumia is a short-selling position.

Godlylifeoneart:
STERLING BANK PLC
Hmmmmm
What a focus team!
Accolades
Bravo
The bank that outperform the NSEASI 2018
Innovative and disruptive product is their order of the day
This bank is out to disrupt the deposit money banks, the savings attitudes of Nigerians.,should the DOUBLE BY STERLING SUCCEEDS

https://techpoint.africa/2019/04/03/sterling-bank-launches-doubble-nigerias-fastest-investment-portal/

THE BANK AT A GLANCE
Current Price.. 2.74 NGN
52 week price range N1.20 to N2. 74
Average monthly volume 25 million +
Shares outstanding 28.74 billion
Market Cap... NGN 78 billion +
EPS. 0. 32
P/E ratio 8.45
Price to Book Ratio. 0.8066
Price to Sales Ratio. 0.5184

1 YEAR RETURN 64.14%

2018 (Billions NGN)
Revenue 152.0 billion
Net Income. 9.0Bilion
Profit Margin 11.20%

Total Assets 1,103.0
Total Liabilities 1,005.0
Debt to Assets 18.69%

CASH FLOW (BILLION)
Operating -17.0
Investing -66.0
Financing 51.0

OPINION.. STERLING CHART IS NOT FORMING A SUPPORT SOON. MAY CROSS THE N3. 00 by may if the Q1 report is fantastic like the Q4 2018
The bank is on course to beat the NSEASI again in 2019
The good... So far, STERLING offers capital appreciation
The ugly... Poor historical dividends yield
A good product for investors and traders
Future value(2020 jan .... N4. 10
based on present key statistics and sentiments
The renew interest by Indian investors and NSEMPA
The vision of the current management and executives to grow the bank
The innovative products DOUBLE by sterling (I am yet to see a product that matches it in the domestic market) It might disrupt the MMF....
I am somehow scared of the product coz it sound too good to be true
Hope we are not being sold another MMM (lol)
The product targets Nigerians both at home and abroad, ease of opening xplesavings and domicilary accounts, and the potential on investment returns
Might turn sterling into a big player if well managed.


Verdict...... Hmmmm.... Not to late to join the bus
2019 investment return... 40 to 60% in horizon
Disclosure... I have 100,000 units and hope to get more dz month. A worth risk.
No more room for bargain hunters and short sellers in sterling Bank Nigeria plc for now, however the bank seems to welcome traders and investors with holding period of 3 to 9 months or more. This deduction was made with 5 years in depth observation of the charts.
Mark down price is a rare occurrence in sterling Bank



NEXT PUBLIC ANNOUNCEMENT for 2019 Q1 26/04/2019

Loool!

P/E ratio of 8.45 and with price to book and price to sales of below 1
Hahahahahahahahaha.

Let me not talk too much.

dipoolowoo:
Nigeria Still Safe to Borrow Additional N7.9trn—FSDH
https://businesspost.ng/2019/04/18/nigeria-still-safe-to-borrow-additional-n7-9trn-fsdh/

Buhari Signs New Minimum Wage Bill Into Law
https://businesspost.ng/2019/04/18/buhari-signs-new-minimum-wage-bill-into-law/

People happy about minimum wage are not doing the proper maths.

Mcy56:
You funny.
Nobody dealt with me but I'm no longer interested in protracted argument with anyone, so if you step on my toes now I can even say sorry to you, i want to be focused and whosoever interprete my harmless comments negatively, its his/her own cup-cake. I'm of few words in reality actually, forget this online shakara upandan.
Anyway, my luff can only tell me to let go, not to be joined in any insult and abusive words with anyone.
Thanks anyway, this type of thing makes someone to know the kind of people you're surrounded with.

I am so Proud of you (chop kiss... ), we understand ourselves too well.

Happy to be back. Still reading through the logs I missed sha.

DOLLARTEX:
all these fake husbands we get here self!a man like you dealth with your wife left right and center,you just dey one corner pretend say you travel!na DAT time you go forget your nairaland password!after some time,you show face like say nothing happen!make I hear any darling sweetie talk for here again!Agba carry goooooo

Is this supposed to be addressed to me? Lmao!

I am here to make money, learn from others and advise when I can. Lastly I am also here for love, yes sweet sweet loving with my woman Mcy56, lol!

I have been quite ill and stressed for a while and was struggling to read past the pages I missed. I am sure my love will understand.

And as for dealing with anyone here left, right and center lol! I trust my woman, it's nothing. If I am here I will have her back. If I feel she is wrong I will tell her also. That is the person I am and I know she luffs me like that.

Someone was asking about Eurobond fund a while back or how to invest in dollar assets?

Check this out if you are that person...

https://www.nairaland.com/4667123/eurobond

phemmie06:
Spiritual appearance (e-appearance) is what I don't like o, it is one of the way of skipping responsibilities. If she need money you can do transfer but if she need you to follow her to the saloon will you do that in the spirit, if she need you in the oza rhum will it be in the spirit, are you addicted to spiritualism ni? Pls a beg appear physical.

Lol. Okay sir...

Point taken.

Mcy56:
Lol.... and that fear used to cause mistakes for me. I sold a part of it already.
More reason I'm really eyeing the "Investors group" these days. I need to know who their Nsempa leader is so I can fill a form.
I wish you had bought all between 5.85 and 6....but its still good. Let's just hope that good news will come NSE's way soonest.
That my luff ehnnn, he no follow me go church and I don dey suspect him already.
Happy Sunday Sir.

My dear, I am always with you in spirit.

Mcy56:
They have arrived.
Be reading your stock comments for one side make we dey one side too. You never even read half of the posts on stocks self.
Okay let me deputize for my Economics tisha. Answer these kwesions:
1. What did godlylifeoneart says about owning a house? 15mrks
2. What is the Key point in Oga Oracle's lecture if you want to keep your name in the registrar's book at all times? 15Mrks
3. What is Capitulation? 70Marks ...Na my luff's subject be that

You must get at least 85% and above before you could convice us that you are actually following the thread.

My own part 70 marks? Chai. The angel in my life.

Mcy56:
That's good to hearing but may you not have OCD IJN.

Amen.

tritritri:
Mrcy u and Gon Free css1 fit una self ooh.. .... c as ur baby hold dat tin wit his hand kai men...



@GonFreecss1 R u here for stockpick abi for mrcy ..

e remain mende & ndidigood ..

For both boss.

aremso:
we go soon attend u na wedding!

Yes o. I no mind. Hahahahahaha

Our wedding gifts will be stocks and all other forms of assets and securities from bonds, tbills and Eurobond funds (infact we will prefer this).

Mcy56:
Now this is the part I dislike most. I hate to see my portfolio, email inbox or what have you looking messy.
I requested for my cscs statement and saw Academy Press there, I was very surprised cos I cant see it in my portfolio, could have been a bonus issue, I sold it off almost immediately.

Hehehehehehe. I am exact like that. It's like I have OCD. Everything must be pristine and perfect, or else my mind will not be at rest.

Mcy56:
I don give you one like for smiling. I love to see my luff smile.

I love it too when you do. thanks baby.

gamaliel9:
That is the word...because i could not go to Lagos,i had to use Redstar Express and paid through my nose.Those working at Redstar at Awka know me that time[nwoke shares abiago-man of shares has come]..If you are not determined..you cannot pull through...The day my old dividends started coming...i was nearly mad with joy...though not much but that week was very sweet...not ony that my money was coming in..BUT IT CONFIRMED TO ME THAT DETERMINATION BRINGS RESULTS...

This actually made me smile.

I am happy your issue was resolved.

DeRuggedProf:
Yahoo boys don collect your bread for road.
As I carry d tin 4 black nylon bag dem come tink say na deepsky's hanging rope I dey return from.....

Lol. Good to see you posting once again man. E don tey.

Deadlytruth:
Exactly. We are virtually running a monoproduct economy. And the most interesting Irony of that is that in the international market we don't have the leverage to dictate the price of that product on which we so depend like oxygen.... meaning that we don't have comparative advantage on it in a sense. So whenever there is a hiccup in its prices our soft underbelly shows as our economy begins to bleed.
Until we fundamentally address the deficiencies which put pressure on the Naira (e.g. Exodus to foreign universities, importation of what we can actually produce, exportation of what we have very limited quantities of their raw materials, etc) the vicious cycle of devaluation will continue amidst the delusion that a floating of the Naira will perform the much needed magic.

Well said.

RealityShot:
I check my account monthly, and sometimes longer. (like when I want to top up)


I remember the information when I subscribed to Stanbic MMF said:

"interests are paid QUARTERLY"


before they started showing his daily interest thing.


All I do is use the average for the month to check what was added for that month.


It always checks out correct.


I see NO need for all this "MAD" daily monitoring; THIS IS NOT AN EQUITY FUND OR STOCK MARKET


Just saying my mind/attitude to MMF.. No "beef" intended O

You have said it all. Some people don't know what regulation means. Lol!

Deadlytruth:
To me, those arguments on floating versus non-floating are tantamount to focusing on the symptoms rather than on the fundamentals of the problem which remain a combination of factors like infrastructural deficit, abysmal records on ease of doing business especially in the Southern States of the country, intractible power failure, hopelessly moribund refineries, extractive industry failure, etc which all result in our net importer status.

I agree, it's a case of being caught in the corner with any direction full of bloodbath.

One thing is certain, our economy is currently dependent on the price of crude oil and that is very dangerous to all of us.

locodemy:
You self no get Choice..........
You don fall in love with a new long epistle writer aby?
Do you know if na veecovee mentor you dey fall in love this time?

Lol. I even if I am a long epistle writer, I make sure whatever I say is logical and factual.

PS - Mcy56 is my lady, please put some respect on her name. Lol!

Mcy56:
Na so

Hehehehehehe.

Facts baby. You are the only one.

Mpeace:
This one wey I dey see uniondac at .23, did it get marked down for .07dividend?
Chai Peterichy no go send person go villa.

Hahahhahahaha. Una wan finish this guy sha.

Mcy56:
Dont mind him, who go luv Sniper? He's same person as Python. He's dangerous, I never ready to die na.
Na you be my one and only luv........for now.

My luff.

That is how it should be. Only me. Just as it's only you in my life.

Mcy56:
Iffa I hear say you dey use my luff's line!

Don't mind him dear. Doesn't he know you can only have one daddy?

Michael11stock:
who be your love

Lol. She knows herself.

Deadlytruth:
They are actually not members here let alone being newbies. Rather, they are pugilists and gladiators from other sections of NL that have to do with politics and economy. They found their way here through tagging by one of them who discovered this thread accidentally, hence they had a field day on a tangential topic without knowing the real essence of this thread.

Essence or not, that argument is very important especially in the light of recent events. One thing I have learnt in the financial markets is they are all connected.

swilo:
Very informative write-ups but for me I enjoy these when I am jobless. The pipo that shud be having this kind of debate and enlightenment are busy thinking of how to loot. Don't even tell me that the CBN governor does not know this.. or the minister of finance doesnt... or the senate President doesn't... The only one I can exempt is Oga at the top. The others know all these details.

Lol. As investors we all have to understand this things as a whole. What many of you fail to understand is that if the price of a stock remains the same in naira after the naira has lost some value to the dollars, indirectly you have lost money too and your buying power has been attacked. Why? We are really import dependent, that is a fact none of us here can argue against. So trust me, the argument of whether we float or not is needed on this thread to make investors informed.