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 Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:33am On Aug 12, 2014 |
ifeykay: BnSITL, Greetings to you all. After months of peeping and nodding my head on the wealth of experience on this thread, I have decided to become full member. I have enjoyed all the posts, the good the bad and the ugly. Indeed we are BnSitL. Hoping to contribute my quota. Wishing you all a bullish days ahead! #kk5050u welcome sir |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:33am On Aug 11, 2014 |
PunchAM You are here: Home / Business / Foreign investments in NSE rise to N705bn Foreign investments in NSE rise to N705bn In spite of the activities of the extremist religious sect, Boko Haram, in Nigeria, foreign investors are showing increasing interest in the Nigerian Stock Exchange. Investigations by our correspondent showed that in the past few months, there have been increasing transactions by foreign investors in Nigerian shares and stocks. At the beginning of the year, analysts had raised concerns that the growing level of insecurity in the country might affect investments by the foreign investors, but the reverse seems to be the case. At the end of the first six months of this year, foreign investments in the NSE stood at N705.15bn, representing 60.84 per cent of total transactions in the period. The NSE said, “Foreign Portfolio Investments increased by 31.59 per cent from N89.67bn in January 2014, to N118bn in June 2014. This was just as domestic investors ceded about 4.64 per cent of trading to foreign portfolio investors as domestic transactions decreased from 50.72 per cent to 48.87 per cent over the same period.” Between January and March 2013, the foreign transactions on the NSE totalled N217.57tn, representing 42.7 per cent of the total N510.1bn worth of transactions recorded in the three months under review. The April to June period in the same year witnessed a total of N365.07bn worth of foreign transactions, bringing the total investment by foreign investors as of June 2013 ending to N582.64bn. A breakdown of the NSE data made available to our correspondent on Friday by the NSE showed that the lowest transactions by foreign investors occurred in January this year, as N89.67bn was invested by foreign investors that month. In February, N136.28bn was invested by the foreigners, while N130.55bn was staked March 2014. The data showed that in the months of April and May, N138.79bn and N91.86bn was invested, while N118bn was invested in June, bringing the total to N705.15bn as of the first half of the year. The amount is almost twice N453.91bn invested by domestic investors for the same period. The Chief Executive Officer, NSE, Mr. Oscar Onyema, confirmed that the foreign investors were showing increasing interest in the Nigerian market, notwithstanding the security challenges and other issues affecting the economy. This, he noted, was as a result of various steps taken by the market regulators to ensure that investments were protected. He explained that while the improved regulatory environment had impacted the market positively, retail investors were not as active as they were before the financial crisis. “We have seen strong and improved participation from foreign investors and local institutional investors, but local retail investors are not as active as they used to be,” Onyema said. He said that the NSE was trying all it could to ensure that domestic investors also showed matching interest in the market. “In line with one of our core strategic pillars for enhanced market performance and growth, that is instituting a strong investor protection framework, we have reconstituted the Board of Trustees for the Investor Protection Fund to protect local 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:43pm On Aug 08, 2014 |
myjoy08: Sir, sometimes, the market we are in together can not fulfilled or dance to our personal desire or self-wishes. This is stock exchange market where things are predicted by external forces not our own imaginations or thought. As for Oando, he might have disappoint so many investors/traders in the past, but things are gradually changing when it comes to corporate governance. The season of shareholders' smiles is around the corner. As i stated earlier, any investment made in Oando presently can never go wrong.Thanks sir , lets hope so , we dey watch closely 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:28pm On Aug 08, 2014 |
Dragonking: the thing don tire me no be small..ministeral approval came but the rally was short lived, cop deal was sealed yet no rally..if the last news doesnt make the stock rally then na sorry be their name.Oando ,oando u don show person oo  ... since 2010, if person build house , Rent go don come 4 times well ain't over till it's over 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:10am On Aug 08, 2014 |
[quote author=Elai147]Not true bro. Oga Yem0350, sometimes when you double-click on a stock you wish to trade on, you don't find bids/offers. Why? Morgan really need to work on their iTrade platform. I was unable to trade a stock this morning because there was no offer/bid displayed when I double-clicked on the stock. I had to place the order with Meristem and it got executed within a sec. If you fill the Buy/Sell order form, nothing happens except you follow up with a call. I don't understand why a client must place a follow up call before Morgan can execute an order. It is supposed to be an automated process. Sometimes, even if you do a follow up, orders still don't get executed. This does not happen with Meritrade. I really don't know what else to say. I have now resorted to using Morgan iTrade to know the current prices of stocks and placing my orders with Meritrade. What an inconvenient way to trade, thanks to Morgan Capital. I really don't know what is so fantastic about Morgan iTrade. It needs to be worked on. That is what I do , use Morgan to check prices , buy /sell using meritrade 1 Like |
| Politics › Re: Two Die As Military Officers Clash In Lagos by lancee(m): 12:26pm On Aug 06, 2014 |
Generalkorex: Why will a man die because of lady.now after some months the lady wil marry another guy.hmmmmmHmmm !!!!!! |
| Travel › Re: Beautiful Pictures Of Most Nigerian Cities by lancee(m): 7:24am On Aug 06, 2014 |
tonychristopher: Owerri city is so beautiful that its known as the last Vegas of the east . I was born and schooled there but recently I couldn't trace roads againI agree with you , have been to some places and i still appreciate Naija , Surely we wld get there Lets appreciate what we ve got |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 3:50pm On Aug 01, 2014 |
jarkbauer: how do i connectEnded |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 3:46pm On Aug 01, 2014 |
myjoy08: Conference about to start. The CEO is talking presently...Thanks .i connected |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:43pm On Aug 01, 2014 |
myjoy08: Oando Conference call start in 3:00pmThanks |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:17pm On Aug 01, 2014 |
SKYEBANK .. now 3.02 what happened ? some of the Top analysts that bought 4 naira and 3.50 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:51am On Aug 01, 2014 |
Durotoye stated that OER expects its shareholders to see a year-end profit after tax in the region of $150 million, following from similar closing balance sheet of ConocoPhillips which last operated the assets and gained that much in 2013. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:50am On Aug 01, 2014 |
ThisDay Live HOME > NEWS Oando Ups Oil Production to 50kbpd with Acquisition of ConocoPhillips 01 Aug 2014 OANDO PLC Chineme Okafor Oando Energy Resources Incorporated (OER), a subsidiary of Oando Plc, yesterday announced a swift rise in its total crude oil production capacity from just about 4,500 barrels per day (bpd) to 50,000bpd following its acquisition of the Nigerian upstream oil and gas assets of ConocoPhillips for a total cash consideration of $1.5 billion. The Chief Executive Officer of OER, Mr Pade Durotoye said at a press briefing in Abuja, that the acquisition of ConocoPhillips now transformed it as a leading indigenous Nigerian oil and gas operator. Durotoye stated that OER expects its shareholders to see a year-end profit after tax in the region of $150 million, following from similar closing balance sheet of ConocoPhillips which last operated the assets and gained that much in 2013. According to him, the acquisition includes its interests in six oil fields; four of which are currently producing, 12 production stations, Brass River terminal with a capacity of 3.6 million barrels (mmbbls), three gas plant facilities, 1490 kilometres of pipeline network and the 480 megawatts (MW) Kwale Okpai Independent Power Plant (IPP) ConocoPhillips’ Nigerian oil and gas businesses consist of onshore and offshore businesses. The onshore business consists of Phillips Oil Company Nigeria Limited, which holds a 20-per-cent non-operating interest in Oil Mining Leases (OMLs) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Limited (NAOC) Joint Venture (NAOC JV). The other co-ventures are the Nigerian National Petroleum Corporation (NNPC), with a 60 per-cent interest and NAOC, which is the operator with 20 per cent interest. The offshore business consists of Conoco Exploration and Production Nigeria Limited, which holds a 95 per cent operating interest in OML 131 located 70 kilometres offshore in water depths of 500 metres to 1,200m and Phillips Deepwater Exploration Nigeria Limited, which holds a 20-per-cent non-operating interest in Oil Prospecting Licence (OPL) 214 located 110 kilometres offshore in water depths of 800m to 1,800m. The other co-ventures are ExxonMobil, which is the operator with 20 per cent interest, Chevron (20 per cent), Svenska (20 per cent), Nigerian Petroleum Development Company (15per cent) and Sasol (5per cent). Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, had in June 2014 approved the conversion of OPL 214 to OML 145 for an initial period of 20 years. “This transaction was made possible due to the overwhelming support from our shareholders, the Federal Government of Nigeria, Nigerian National Petroleum Corporation (NNPC) and the international and local financial institutions that assisted with the necessary debt funding. “The acquisition speaks to our inorganic growth strategy of acquiring choice assets with good production rates, a large two key reserve base and two sea resource potentials for future developments,” Durotoye said. He added that: “Oando Energy Resources as a consolidated entity now has working interests and investments in 16 licenses that produce about 45,000 to 50,000bpd equivalent per day with 2P reserves of 230 millions of oil and 2C resources of 536 million barrels; our team is well positioned to develop these assets and unlock values for our shareholders.” Durotoye noted that OER has the right mix of capacities to operate the acquired assets. “We are committed to playing our role as a leader in this industry and look forward to transactions of this nature to promote Nigerian grown companies to prominent positions internationally,” he said. On the expectations of OER’s shareholders, he said: “With regards to the balance sheet, the acquisition was $1.5 billion, which was financed by a combination of equity and debt ratio of 50/50 and that essentially modified the balance sheet. “We have identified that the asset is in production and cash supportive and it can support this structure of financing. That speaks directly of what it does to our shareholders.” “The previous owners in the year 2013 generated a profit after tax that was $150 million, I will also like to point out that year was one that started on a little bit on the slow side because of a unique flood at the end of 2012 down south of Nigeria that severely affected the facilities and production of oil companies in Nigeria. “Directionally, we expect for our shareholders to see profit after tax in that region; the business continues to grow and there are significant growth opportunities that we are able to see already manifesting in the production, which will be immediately generative and additive to our shareholders.” 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:47am On Aug 01, 2014 |
27.26 @ the moment |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:17am On Aug 01, 2014 |
passwelle: Yes here I am. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:15am On Aug 01, 2014 |
stokfrick: guy, u don com again oh. na 4 where u see when d cow boys dey position? e b like say you dey inside this bus 4rm d way u r yanning. abi make we com follow u and cow boys position? dis kind of position wen e be say if u position am finish, u no go fit run commot. na for middle of election wen u go see yourself. person go wan sell, e no go fit sell. one chance. ego mmadu ewelu gbauka. na wa oh. even if person wan enter sef. how e wan take enter we all im moni dey inside oando. u want make we position but u no want make we sell this kind oando. and by the way sef, where u 4 take see d rally wen u dey talk about? even stock them wen do pass 200% don tire sef come dey busy dey rally for the opposite direction. ;, Trapped in the closet all d money !! Good night my people |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 9:52pm On Jul 31, 2014 |
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| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 7:26pm On Jul 31, 2014 |
nitrogen: Move on to where? Bros, nawa for you o, one person here has 2m units of Oando, u dey talk say make him move on, bros many people emptied their portfolio on top this Oando matter, u dey take say make them move on, if I hear! |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 4:45pm On Jul 31, 2014 |
stokfrick: guy, this stock matter nobi beans oh. the tin don tire me. i been no dey 4 ds bus oh. unlike my usual self, i follow people wen first hear d news na him i say make i just enter with 40% of my portfolio. if to say person no dey inside now na so the tin go dey fly like wintch. oluwe na omume now, ogbotoa. na so every body wen de smn go dey claim fake analysts. de talk nonsense. wen d chips are down dem go dey chop d shit wen dem don analyse and d stock go dey busy dey do wtin dey 4 im mind. wen d stock mis-behave, dem go find a different xplanation give am. the simple rule wen i don finally se 4 dis tin be say find strong stock wen dey liquid(liquidity depends on the amount u r buying), buy low. sell at a non greedy target.shikenah!Too much analysts oando no go get ministerial approval cos of wale Tinubu related to APC Tinubu After ministerial approval , now Oando no get money to finalize the deal thats was why they kept postponing After the deal again , dem Analysist don start , it will take 20 year for them to start OML , ABC , WYZ etc Now Oando no get money to start and they re in DEBT i taya oo , everybody just dey Analyse anything !!!! I no no how WT self dey sleep 7 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:56pm On Jul 31, 2014 |
Aks: The drag-feet of the stock is likely to do with people trying to await the outcome of conference call on the deal tomorrow and the direction of the coy.Thanks brv |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:37am On Jul 31, 2014*. Modified: 12:55pm On Jul 31, 2014 |
Aks: @all, i'm surprised Oando is dragging feet @ d moment, by my calculation, i expect it to get to N33 b4 exhibiting this behaviour. BTW, i still dey inside and if i have small change, i'll still buy more. Peeps are now coming out that 'i know it'll drop today', nobody except BIGASS mentioned it yesterday (Small Gain not drop in price).Am surprised as well , am in already ,i know its a long journey Deal was sealed yesterday, lets keep watching 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:17am On Jul 31, 2014 |
BANKS MAY REDUCE DIVIDEND PAYOUT TRANSCORP NO WAN MOVE AFTER RESULT , BANKS RESULTS ? .. OANDO AFTER DEAL ? First Bank By Obinna Chima In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues, a report has stated. Another alternative, according to the report is for the financial institutions to stop growing loan books, the report added. CSL Stockbrokers, a division of First City Monument Bank (UK) Limited, stated this in its latest report on Nigerian banks titled: “The Capital Cycle.” The report covered Nigeria’s five largest banks –First Bank, Zenith Bank, United Bank for Africa Plc, Guaranty Trust Bank Plc and Access Bank Plc. It stated that banks could supplement Capital Adequate Ratios (CARs) by issuing tier-2 capital (subordinated, long-term debt), noting that the financial institutions are restricted to using an amount no more than 25 per cent of tier-1 equity and, in practical terms, encounter tough conditions in the international debt markets. Since the banking crisis of 2009 Nigeria’s largest banks have enjoyed four years of asset growth, with loan growth pronounced from 2011 onwards. “Capital is the main constraint, we believe, and is becoming an issue much sooner than non-performing loans (NPLs),” it stated. The report showed that aggregate gross loans of the five largest banks listed above grew by a CAGR of 15.7 per cent between 2010 and 2013. Furthermore, it estimated it would have grown by a CAGR of 16.4 per cent between 2010 and 2014 ending. This growth, it pointed out had put pressure on banks’ capital base, given the Central Bank of Nigeria’s (CBN) requirement that the principal banks keep total CAR of 16 per cent. “The key metric is how quickly banks can internally grow capital bases, that is, how quickly they can replenish equity capital with retained earnings. The weighted Returns on Average Equity (RoAE) of the five banks were 24.5 per cent in 2012; 20 per cent in 2013; and we forecast 19.3 per cent in 2014e. “However, after paying dividends, the weighted average rates at which equity capital was retained were 13.8 per cent in 2012, 9.8 per cent in 2013, and we forecast 9.2 per cent in 2014 estimates. “Growth in equity is not keeping up with customer loans and risk-w 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:32am On Jul 31, 2014 |
dsonofmaan: Oando opened weak, it might drop today.think so , or flat |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:16pm On Jul 30, 2014 |
passwelle: It is finished.CONGRATULATIONS TEAM OANDO !!!!! 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:10pm On Jul 30, 2014 |
Wale Tinubu @AdewaleTinubu 17m User Actions Follow Wale Tinubu @AdewaleTinubu Congratulations to Team Oando on our acquisition of ConocoPhillips Nigeria! #BeAudacious #OandoisNigeria @Oando_PLC Reply Retweet Favorite More 5:50 AM - 30 Jul 2014 3 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:45am On Jul 30, 2014 |
Ess: I don't understand, who is selling his oxygen at this moment?Not everyone will hear the News, i guessed |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 7:35am On Jul 30, 2014 |
bigass: click on this and tell me what you seeI think very soon , oando pple will soon get their password 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 3:33am On Jul 30, 2014 |
myjoy08: http://businessdayonline.com/2014/07/oando-conoco-close-1-65bn-deal-as-fcmb-capital-markets-emerges-lead-arranger/#.U9hFAvldVSIThanks for the info 1 Like |
| Education › Re: Difference Between Center And Centre by lancee(m): 1:32pm On Jul 26, 2014 |
There is no difference , center used by Americans and centre used by the British Just like cheque used by Nigerians and british and check used by the Americans |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:50am On Jul 25, 2014 |
Born2berich: Market has opened.Thanks brv. . connected |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:19am On Jul 25, 2014 |
Good morning house ,don't think market has opened , pls can anyone confirm |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 3:04pm On Jul 24, 2014 |
Dragonking: E bi like say myjoy08 eye don dey shook for bigass chai 1 Like |
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