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KarlTom's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:45pm On Feb 19, 2024
grin grin

Mfunkynation:
so you want us to help push the keke down the hill for it to start so that you can excape!
dey dia with your loot, we no go start am...
Na dividend we dey find with our loot this period!
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:34pm On Feb 19, 2024
grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:01am On Feb 19, 2024
Ding! grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:06am On Feb 17, 2024
When subsidy is removed, estimated billing will be abolished. For now it has been capped at a reasonable level.
There's a news of several DisCos who were given hefty fines for 'overcharging customers with estimated bills'
I'm not saying it will be a perfect landing but it'll definitely be better than the current state... grin

WantsandMore:
will this improve service delivery too? What's the fate of customers on estimated billing?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:14pm On Feb 16, 2024
NB... grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:03pm On Feb 16, 2024
huh

Greenvaiper:
Go back to school and learn financial and risk management. If you give dangote this advice, he will hang you by your ballz
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:02pm On Feb 16, 2024
Let me expound
Transmission Company of Nigeria (TCN) is fully owned and controlled by the FG. TCN is responsible for electricity transmission and electricity trading amongst other tasks.
Removal of subsidy will involve the unbundling of TCN (this is in the pipeline).

Current rate of power to end users is cheap. The FG is subsidizing yet still owing GenCos.
When subsidy is removed, GenCos will fix their rates (in line with NERC guidelines) and get to trade with (and get paid by) DisCos directly.

This will improve revenue and profit... grin

Same scenario is applicable to the downstream oil industry...

Mpeace:
How does fg subsidy affect power generating firms.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:36am On Feb 16, 2024
Every Musa has his own kettle... grin grin

Ballzproblem2:
never invest borrowed money,no matter what .
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:35am On Feb 16, 2024
On BUA Foods, when thy complete their Sugar Estate project in Kwara State, we'll feast.

For now we wait for DF announcement... grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:25am On Feb 16, 2024
On Transcorp: When FG removes subsidy in power sector, we'll feast.

For now, we wait... grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:03am On Feb 16, 2024
Ding! grin
Politics › Re: CBN Discontinues Payment Of BTA/PTA In Cash by KarlTom: 7:50pm On Feb 15, 2024
Excellent move!
Cash is not traceable.
I only hope the embargo will be lifted so naira debit cards can be used for foreign transactions
Politics › Re: CBN Discontinues Payment Of BTA/PTA In Cash by KarlTom: 7:49pm On Feb 15, 2024
People buy it

nedekid:
Who even buys bta again? All these stories are just diversion army. undecided
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:32pm On Feb 15, 2024
I don't think there should be a limit.
Processing time might vary depending on the amount being withdrawn... grin

essentialone:
Is there a limit amount you can withdraw from your stock trading account?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:17pm On Feb 15, 2024
This matter is waiting for SEC at 'Aluta' junction.

essentialone:
Most stockbroking firms now can be rated less than 30% in Efficiency and Effectiveness. NGX, SEC, and CSCS will pretend that they are not aware.

Soon, they will no longer be able to pretend about it.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:12pm On Feb 15, 2024
No be everything be court grin

Let's wait for SEC approval before the HC will order a shareholders meeting

vacanci:
should there not be a court ordered shareholders meeting first?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:04pm On Feb 15, 2024
Definitely! grin

tayejay:
I expect a rise after the AFS is released... grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:46pm On Feb 15, 2024
This too... grin

KarlTom:
The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has disclosed that two companies in the Dangote Industries Group will be listed on the exchange soon.

Kwairanga made this revelation on Tuesday during a closing-gong ceremony in honour of the Senate Committee on Capital Market and Institution’s visit to the NGX headquarters in Lagos.

He said, “As at last week, the president of Dangote assured me that the Dangote Refinery is going to be listed on this market very soon. He also said that apart from the refinery, he is going to list the fertiliser company (Dangote Fertiliser Limited). This is a commitment from the private sector... grin

https://punchng.com/dangote-to-list-refinery-fertiliser-companies-ngx-group-chair/
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:43pm On Feb 15, 2024
Very correct!
Everything seems to indicate that NASCON and Rice have already been absorbed (just waiting for official declaration).
Even DS did not release UFS for Q4 2023.
Let's wait for the outcome of the Board Meeting on 28th Feb... grin

yMcy56:
NASCON
So far, there's no published newsletter on NGX for Board Meeting....
Can we say there won't be any more Board Meeting from NASCON, and that, the final dividend from NASCON will come from DANGFOODS as Interim Div.....together with that of DANGSUGAR?
Let's be watching sha....
The Board Meeting of Sugar will throw more light on this.
Just thinking out loud ni o. smiley
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:00am On Feb 15, 2024
Ding! grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 9:54am On Feb 15, 2024
Japan economy officially enters RECESSION... shocked
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:37pm On Feb 14, 2024
FX losses will only adversely affect coys without foreign links (branches, assets, etc). Yes the big players will record 'FX losses' but they will also capitalize on these 'losses'.

FBNH did just that and I believe other big players like the Dangote Group will do likewise... grin

Mpeace:
But fx losses for nigerian companies will continue even in q1 2024 due to continuous devaluation of the Naira.
So its really hard to say what happens after AFS. But I expect them to be consistent in dividend payout.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:21pm On Feb 14, 2024
Possible. Someone's head might roll for such an error...

Man's shocked being a newbie... grin

Frangel:
More likely human error inputting the wrong bid units than hacking. Example, broker keys in the CSCS account number in the volume field instead. Not new.

Looks like they sold directly from your friend's account. He should check his statement so they don't pass any of the costs to him.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:06pm On Feb 14, 2024
I expect a rise after the AFS is released... grin

Mpeace:
Airtel equally did 10% today. I don't know why mtn is just fallung in price
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 3:02pm On Feb 14, 2024
Same question I have been asking.
Could be hackers too... grin

Tpharell:
How does such ‘mistake’ happen when the system is automated?
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:41pm On Feb 14, 2024
Let me shed more light on this so it doesn't send a wrong message across.

Over 24m units of Ellah were 'mistakenly' credited to a friend's account by his brokers... shocked

What we observed today was the broker trying to offload those units. I believe it'll continue tomorrow... grin

KarlTom:
Ellah!

If you need some, put in a bid at 310k... wink
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 2:36pm On Feb 14, 2024
grin grin

ndept:
Call MPeace. He is a director in Seplat grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:16pm On Feb 14, 2024
Any news from Unity Bank? huh
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:27pm On Feb 14, 2024
You understand the game... grin

ndept:
Well said. For the purpose of education, so many people don't know the numerous benefits accrue from being a director or majority shareholder in a company. Some of these includes the power to influence the choice of contractors supplying goods to the company, power to appoint people into juicy positions in the company etc. Why do you think Tony quickly fend off Otedola from transcorp. Same reason Jim Ovia, Otedola and others have been busy acquiring the shares of their various banks in every slight opportunity in order to have controlling power in their banks.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:21pm On Feb 14, 2024
Over 20m available... grin

ndept:
for the market makers in charge of Ellah Lakes, una well done o. I see una hands. Over 3 million units bought at N3.10 and yet they did not allow the price to go down by buying in tranches less than 99,000 units on each occasion.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:53am On Feb 14, 2024
Ellah!

If you need some, put in a bid at 310k... wink
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:17am On Feb 14, 2024
Currently being mopped up @27.2

The soul of FBNH has too many interested parties... grin

Princkez:
FBNH seen @#27.20 this morning....any news?

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