toyeoye:


The market is unfortunately not yet flooded.

You're right, oil and gas is 89% of our exports o. If action is not taken and CBN keeps paying subsidies on FX, it will go back up sooner or later.

I'm not holding my breath

How much fx do we spend importing refined petroleum products?

Laso09:


It might be too early to start celebrating.
A lot still need to be done.

Are you a Celebration Police?

Ballzproblemm:
stupid agenda merchant,by Dec dollar will be over #2000 your naira will keep depreciating while those with sense that invested in dollars will be smiling to the bank 😒.

inflation will erode your naira finish .

How did you arrive at N2000 to the USD? What events have you identified to bring this about? I am only interested in the reasoning behind your conclusion. Bien venue.

Prof Aluko and Prof Awojobi were arguably the two most illustrious economists to have ever come out of Nigeria. When they both lived, they never agreed to the same economic direction for the country. All their economic propositions were born out of deep and rigorous thought processes rather than random ideas and offhand comments.

debeey87:
https://docuhub3.nibss-plc.com.ng/edmms/self-service

Link to mandate your shareholding for any company in Nigeria.

I completed the required information in the portal and it's been more than 2 weeks without any update.

Locotrader:


If #16,many will like to japa today.
The way the oando is trading now is telling me some are bailing out

Nobody will be able to bail out without people willing to bail in.

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

InvestmentOne is already doing that. You can only cancel your order between 4.00 pm and 7.00 am the following day. I am not sure if other brokers are implementing such restrictions.

Streetinvestor2:
We the locals they try for this nse.If government gets it right and foreign investors come really join the market. Na shout of joy go full everywhere.

On another note transcorp go be something else in 5 yrs from now. [/b]i have a feeling the government will get it right with time on this forex thing. The black market will then die a natural death.[b]

[/b]Naija my country is destined for greatness. I have faith in her for turn around. It will be a gradual process.[b] Never a fan of this government but it can't be as bad as pmb government

"Progress happens too slowly to notice but setbacks happen too quickly to ignore" Morgan Housel

PETERiCHY:


You crash out at #13.80
Don't worry we will remind you when it get to #500 since you don't know that OANDO now run the affairs of NNPCL

BARGAIN HUNTERS TAKE NOTE!

Is there anything stopping it from reaching N1,000?

PETERiCHY:


USD sighted @#1451

BARGAIN HUNTERS TAKE NOTE!

Premium tears loading for hoarders

BabsO2:


Looking at the trends of FCMB price and underlying growth in earnings and Book Values over the last 10 years .

Shareholders selling it anyhow below current prices based on perceptions of previous prior year low prices will be taking a loss. Especially if the economy continues on a growing path in Naira terms plus if bank assets are not severely damaged but safeguarded from poor lending practices.

The people buying and selling don't have the same investment objectives. Some are trading to make a few coins by 230 while others may be buying to keep for dividend. What about those who may be selling to pay their rent, buy a new car etc. Their entry prices and targets are equally different. That's the psychology of investment

Mpeace:
Oando is really doing well today.

Too early to call. The closing price on Friday would provide a clearer indication of where it is headed

@Locotrader, Mercy and Ors.

I listened again to one of the presentations by the MD of Multiverse and I concluded that they need to raise his so called "patient capital" to take advantage of the opportunity that they have identified. My issue however is what would be the most probable mode of capital raising - RI, PO, Placement or a mixture of all the above?

The company's outstanding shares is very low (below 500 million) and issuing additional one billion shares shouldn't be a problem.

I don't currently own the shares of Multiverse but I have my eyes on it provided there are more clarity.

essentialone:
which stocks will be on Full Bid today?

You don't want to listen to the Duke of Shomolu? OYO is your name

BullBearMkt:

Whoever is "Duke of Shomolu" seems to have overlooked the true essence of the stock market.

While macroeconomics does play a significant role in influencing the stock market, it is far from the sole determinant of market movements. Factors like supply and demand, company-specific news, geopolitical events, and even investor sentiment can have a major impact on stock prices and the index invariably.

If had written that the market would gain 5% in the next few days, nobody would have responded to him.

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

The market is for both optimists and pessimists but the pessimists command our attention more.

Mfunkynation:

Uncle Loco...
no be this same TIP you were praising before!
chai!!

😉😉😉

https://www.vanguardngr.com/2024/01/fg-meets-elumelu-dangote-over-public-private-partnership/

Let the House rats tell the Bush rats 🐀

Ginalex:
I did

Lucky you. Please don't be angry if it tests that price again because it is just some people's prayers answered 🙏

Ginalex:
Took your advice. Thank you. Oga Loco thank you sir

I hope you were able to buy?

chibaby1985:


I wish they can play like the US stocks

Extreme risk taking always ends in ruins

ekkywolex:
https://leadership.ng/odua-investment-moves-to-list-on-ngx/

Time to socialise the inefficiency

Agbalowomeri:


You lose it big if you made it big via risky trading

Luck and Risk are co-equal in importance 😊

ositadima1:


You are right, shelf companies and overseas assets may be out of reach, but any substantial assets he owns in the USA, he would be forced to vomit.

In the event of a margin call, will the assets outside of the margin facility still be affected? For example if he owns a USD200 million property that was not used as a collateral?

ositadima1:


However, in late March, after shares of ViacomCBS plummeted, banks demanded their money from Hwang's company, Archegos. As Archegos couldn’t pay, they seized its assets and sold them off, eventually wiping off Hwang's $20 billion net worth. -- Copied.

The whole story is in the link provided - are we afraid to follow links?

What was the total losses for those who granted the margin loan?

123ABCXYZ:
I agree with your analysis on inflation but not on positive sentiments. The exit of large global corporations from the country is one big negative, no improvement of the security situation and distrust in the judiciary are serious negatives for any sentiment analysis performed by anyone and there has not been serious efforts to reform the country so I disagree. In my organisation here in the UK, we downgraded Nigeria this year in comparison to other african countries when looking at possible emerging market investment destinations.

I suppose one other factor driving investment in the stock market is the fall of the naira which has seen most financial institutions post massive forex gains and profits, providing the opportunity for short term profit hunters to take advantage of that value. I foresee a retraction post April 2024 except, inflation continues to rise and the naira continues to fall at rapid speed.

Analysis paralysis. That was how MTN got into Nigeria when Vodacom was hesitation. Today, between MTN and Vodacom, one is better for it while the other is worst off.

Zagee:
BLACKROCK IS IN NIGERIA!!!!

Media is awashed with too many positive economic news and photo ops. More money incoming!!!

The type of structural changes in the economy that will lead to parabolic changes in the NGX has not taken full hold.

Locotrader:
My people, inasmuch as all of us are believing this is not a planting season,I totally agree but there is only one sector I am seeing this time as the planting season.This sector will be going up even when other stocks are pulling back.

The brewery sector.If you have a spare fund, invest there now.
NB
Guinness
IB
Champion.

All are in loss and no figure backing them up but they are grossly underpriced based on the present bull hitting the bourse.

Loco is taking position after making some researches about the brewery sector from my my own ogas outside here.

My trading these days are on stocks with small free floats and I pointed one here 2 days ago.With time we will see the one that will give the best returns.

The same is true for the Pharmaceutical sector where you have the likes of M&B and Neimeth among others

yMcy56:

Hhmmm.........
Closed on full bid @19

https://doclib.ngxgroup.com/Financial_NewsDocs/Eterna_Plc_-_Announcement_on_Dangote_Refinery.pdf

I hope they will not be coming to raise funds.

megawealth01:


Na part of my Anambra project... What next after the storm

It is called home bias investing 👍

Zagee:

For a company with a small float, this RI get as e be oh!!

With a float of 12.61%, the float percentage will only go further south after the RI.

unite4real:


I hope you understand what a target of N22.6 Billion naira share capital of 50kobo each mean? When you divide this, you have over 45B units.

Or

Fidelity bank is considering a capital raise through a public offer for up to 10 billion ordinary shares and rights issues for up to 3.2 billion ordinary shares.
This is a total of 13.2B shares. Add it to existing 32B shares and you are back to the same answer.

Let us see how you got your own answer

Is the banking doing Rights Issue and Public Offer at the same time? If the Rights Offer is N10 what is the PO price?