₦airaland Forum

yok:
MSCI ADDITION FOR 9 MAY 2018/GENERAL MARKET COMMENT

Yesterday’s disposal by MSCI has put paid to my intention of buying ant stock for this week. As a participant in the market, I cannot argue with the market. Therefore, temporarily I switch back to selling mode again.

If it was prior to my following the fund, by now I will be thinking some stock are cheap due to the fact that they are trading at a lower price, now I know better. For today, may be for the next 3 working days, I see Unilever Nigeria going under heavy firing.

Market always tell us what it will do. For example this year 2018 financial year end is not for Dangote Flour Mills, except something exceptional happens, at a point in time those of us holding this equity just have to sell, best selling time should be prior to the release of the 2nd Quarter result.

This is not time for panicking just wait for your favourite stock to hit a good support level and buy. This time around fundamentals matter.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

men this msci red corresponds with bears abi are they the biggest sellers in the system

dipoolowoo:
Photos from Ongoing Wema Bank AGM in Lagos
https://www.businesspost.ng/2018/05/09/photos-from-ongoing-wema-bank-agm-in-lagos/

ICPC Files Charges Against Former SEC Boss Mounir Gwarzo
https://www.businesspost.ng/2018/05/09/icpc-files-charges-against-former-sec-boss-mounir-gwarzo/

CHAI no item 7 @ wema agm, must be a very broke company, no hamper, shareholders are not looking fresh, pls keep up d good works, may be one day I will base my investment analysis on how fresh the shareholders look.......

kolaish:
Send them an email attaching your evidence of payment and they will activate your account within hours. info@cscsnigeriaplc.com

How long do they take to reply

Has anyone paid for cscs online and got registered without visiting their office. I have paid and they have not still activated my acc

Black man mentality, We cant keep official things official.....

wanaj0:
Selling their Noddles division to Dufil. They are in need of CASH!

Dufil has turn monopoly on processed flour( chin chin, pasta, noodles) business, i just wish they were traded publicly

gift01:
You got me there. Did I just say Morgan Stanley?

OBO, 30 billion in d accant ehhh!!!!!!

gift01:
what do u advice I do apart from being careful?

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmm, dont join the statistics

onegentleguy:
The number of commercial transactions that are now denominated in foreign easily convertible currencies, especially the US Dollar, has astronomically increased in the last decade. ...mostly due to the benefit of retaining earnings in US Dollars, as opposed to the Naira, which is the national currency in Nigeria. One of such opportunity is the benefit of quick arbitrage that comes with shorting the system with a view to making some gains from FX differential. ...and since the managers of companies are increasingly becoming smarter/wiser, they've sought some of these means in their many quest to explore several channels to increase their earnings.

Again the International Financial Reporting Standards (...I think IFRS IAS 21) requires a foreign currency transaction to be recorded, on its initial recognition, in the functional or national currency of the concerned company, applying the spot FX rate at the date of the transaction.
IFRS IAS 20 goes further to require that at the end of each reporting accounting year-end, the foreign currency monetary items are required to be converted into the functional or national currency using the closing FX rate for the currency of the transaction.

Any resulting exchange rate difference (ie the FX rate at the date of the transaction and the FX rate at the close of the transaction) whether a profit or a loss, are required to be recognized in the Accounting Books of the company at the date when they each arise. ...and where the transaction is a continuing one, IFRS requires such investment to be initially recognized under Other Comprehensive Income and reclassified to a profit or loss position on the disposal or completion of the transaction or investment.

In summary, assets and liabilities are required to be translated and booked at the FX rate, at the end of the accounting period of each transaction. ...Income and expenses are required to be translated at the FX rate existing on the dates of each of these events. And lastly, FX rate differences are recognized under Other Comprehensive Income and subsequently reclassified to the Profit and Loss Account on the disposal or completion of the FX related transaction.

Hope this helps.

Regards.

Hmmmmmmmmmmmm

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/21992_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

why all of a sudden this guys now have huge foreign exchange gains, when they are not banks.......

cc current price

TLAX:
Shareholders of MRS, FO, ETERNA, Mobil etc. take note. Trend will likely continue in a rising oil price environment till the issues around subsidies are tackled once and for all.

This is the chance for total to become cheap b4 election bruhaha does the killer blow then we load and pray PDP wins, Apc regime does this s3ctor no good

@ fx user: how possible is it to get fbnh @ #2 b4 july dis year

yok:
MSCI ADDITION FOR 20 TO 24 APRIL 2018/GENERAL MARKET COMMENT


MSCI has dropped Forte Oil from its portfolio. This joins the like of PZ, Seplat etc which were formerly in the portfolio, but have now been dropped. We do not need to panic about this, it has been in the fund’s agenda for a long time, FCMB was equally dropped before being added again. To refresh our memory look at this: [url]http://www.punchng.com/msci-review-forte-oil-fbnh-guinness-pz-others-dropped/
[/url]
Going back Forte oil was added into the fund around 2014- [url]https://www.proshareng.com/news/Investors%20NewsBeat/Forte-Oil-and-ETI-Plc-included-in-MSCI-Frontier-Market-Index/23222[/url]

Then for those who are afraid of OANDO going down, just put a limit order to sell at NGN9.14 immediately this morning I such that if the order is already sitting in the market before the open, you will be able to sell.

Was the fund the Jonah in the bull “boat” for Forte oil? We fold our arms to watch.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

I would love to know who might have bought the FO they disposed of cos they are big institutional investors and will only sell to big institutions like themselves

Transcorp has started this non controlling interest rubbish, What could be the reasoning behind this, As the business starts becoming profitable, non controlling interest rears their ugly heads....Who else should be the non controlling interests other than the ordinary shareholders

I forsee massive dumping when fbnh results finally comes out

Pa ihedi, whats up with FBNH results, q1 for the FUGAZ banks r out o!!!!!

onegentleguy:
...Its difficult because of the now very peculiar nature that surrounds the price movement of coys.
Another reason is that nowadays we have more of traders than investors 'within the NSE room'

...Possible but with a very slim chance of success.

most times i sell during earning season to rebuy bck later @ lower price...I have always imagined that most buyers during earning season buy for dividend as price starts to fall rapidly bck to support level after exdiv date for most stocks....

Hello house, Has anyone implemented a strategy to collect all dividends announced during earning season like " I have #1 million naira & with it I collect total, zenith, gt, seplat ,flour mills, NB etc dividend and my #1 million will still remain intact after earning season, pls share

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/21683_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/21685_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/21686_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_APRIL_2018.pdf

All this cost running riot in admin expenses, are they trying to settle everybody first b4 the owners of the company, hmmm any way Cutlass sharpened as i wait for it @sub #28

TLAX:
Dangote Sugar

http://www.nse.com.ng/Financial_NewsDocs/21464_DANGOTE_SUGAR_REFINERY_PLC_CORPORATE_ACTIONS_MARCH_2018.pdf

DPS - N1.25k/share

Sir, I still have a question, last year i had a substantial holding here before 60k dividend was declared, fast forward to this year and i have sold all my holdings and yet to receive my 60k dividend, I dont qualify for this year dividend, BUT HOW DO I RETRIEVE LAST YEARS DIVIDEND NOW I HAVE SOLD ALL MY HOLDINGS

RabbiDoracle:
Some things don't add up in the report. Is this FORTE OIL or FORTE POWER?

Let's look at the breakdown of the revenue and cost of sales .

For Power generation:
Revenue=N 36.613b
Cost of sales= N23.648b

Then gross profit= N12.965b

For Fuel, chemical, lube and grease(core business):
Revenue=N92.83b
Cost of sales= N81.679b

Then gross profit= N11.151b

From the P & L account,

Non- controlling interest =N8.458b (after tax deduction ooo)

And on notes 21, non- controlling interest means that for Geregu power plant, Bureau of Public Enterprise has 49% stake. For Amperion Power Distribution, BSG Resources Limited has 38% stake and Shanghai Municipal Electricity Power Company has 5% stake.

So in both cases Forte oil should have more than 50% stake in the operation of the power plant and the distribution company.

Now if the non-controlling interest is 8.458b after tax, this is 65% of the gross profit from power generation. Where is Forte oil's stake in the power generation?

If the bulk of the PAT goes to non-controlling interest, this shows that much of the profit is from power generation. How about the fuel, chemical,lube and grease?

Do we still need to call this company Oil? It should be POWER!!!

Current price, fx user, Pa elewumi, manni,Agba,wannajo et al abeg make una comment o! I am heavily pregnant here o!

Pls house help me on this, going through forte oil 3rd quarter,they allocated more than 85% of profit after tax to non controlling interest, WHO are this non controlling interest guys ??

Why does every1 blame the unemployed for Unemployment..... If what u preach is real,word of mouth will spread it like wild fire, I can still remember the MMM era, b4 it made news on the web and nairaland, people have been making money giving and receiving help months b4 it became a national phenomenon.......

Go to Owerri zoo and see the lions there, far worse than this elephant, we should stop copying white people, Black people dont value zoos, where white see tourism, we see pepper soup, just free the elephant

RabbiDoracle:
Sharpen your cutlasses.

Diamond around N1
FCMB around N1
Fidelity around N1.3
Zenith around N16
UBA around N6
Access around N5

GTB: you are in a class of your own!!!

Once any gets there, woundjure the stock.

I, I sir!!!!!!!!!. Na my loot for Dan sugar, I go pour there.......I pray the bears can work it down back to #7 region

You will mostly see the differences in this oil@ cold temprature but here in Nigeria where temprature rarely goes below 23c, there is really no difference, in fact thats even when u need more viscosity in d oil else the oil evaporates easily

You will mostly see the differences in this oil@ cold temprature but here in Nigeria where temprature rarely goes below 23c, there is really no difference, in fact thats even when u need more viscosity in d oil

Durhleepee:
The last picture would make a good meme.

Dangote be like that man also wants to know the secrets of billionaires..... Ok collect expo na!!!!!!!

RabbiDoracle:
Bros, you get information. You be encyclopedia.

Man need to dey go AGMs o! I believe thats where the hottest gossip on stocks is served...You just listened to a life time of AGM experience....

emmanuelewumi:
Lafarge Africa will declare a paltry dividend of between N1.50 and N2.

The impacts of the fund raising exercise should be felt in their financial performance this quarter.

Then the market reacts and sends the price lower probably to #28 region, then I move in with my funds

By the time mosanto is through with Nigeria, coupled with our decayed medical system, we will know what this unholy aliance is about, Go through out the developed world, every1 now wants to eat organic ("that chicken that goes about eating shit it can find, cows fed on grass, foods grown without farm chemicals")..... All this we have in abundance and nobody thanks and appraise the poor farmers in our rural areas....But very soon we shall have rice, meat , milk(all GMO) etc probably farmed by an individual making him stupendously rich and then we wonder where the diseases ravaging our world is coming from

freeman67:
It operates through three segments: Refreshment Beverages, Confectionery and Intermediate Cocoa Products. The Refreshment Beverages segment includes the manufacture and sale of Bournvita and Hot Chocolate. The Confectionery segment includes the manufacture and sale of Tom Tom and Buttermint. The Intermediate Cocoa Products segment includes the manufacture and sale of cocoa powder, cocoa butter, cocoa liquor and cocoa cake. The Refreshment Beverages' brands include CADBURY BOURNVITA and CADBURY 3-in-1 HOT CHOCOLATE. The Confectionery's brands include TOMTOM CLASSIC, TOMTOM STRAWBERRY and BUTTERMINT. The Intermediate Cocoa Products' brands include COCOA POWDER and COCOA BUTTER.

I meant like cadburys product u use every day,for me none, compared to nestle that at all at all, I must use maggi cook