₦airaland Forum

I like to share your optimism. Moreso we are in earnings month that could change a lot of the dynamics...honeywell already post good result...More to come!
Happy new week.

ZikkyChops:
The Cable
Gross earnings amounted to N141.30 billion for FBN Holdings at the end of the first quarter, a year-on-year growth of 31.3

the stock go blow out dis wk b dat.

It is relatively anticipation for this stock to move to #1.. people are not considering it #aiico. Just sharing my view.

Pls what's the latest information on Aiico Insurance.
Thank You.

zendi:
Please where does the Abayomi write now? I miss stockswatch. The Earning Reports summary on the back cover would show me at a glance where the next scramble or stampede would occur.

He manages Stockwatch Magazine.

I did warn of the bear to come! Now it has come....tread wisely.

sellydion:
There was cause for celebration Monday, when the federal government issued its first diaspora bond in the international capital market, raising the sum of $300 million at coupon rate of 5.625 per cent for a tenor of five years.

The Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, explained in a statement Monday that the diaspora bond, which was 130 per cent subscribed, was targeted principally at Nigerians abroad, to provide them with the opportunity to contribute to national development.

According to Nwankwo, the bond was structured as a retail instrument to appeal to a wide range of investors and was offered through private banks and wealth managers, rather than institutional investors, which normally deal in large volume transactions.

He revealed that there was considerable interest from investors from all over the world, with the issue attracting initial orders of about 190 per cent of the offered amount.
Final subscriptions were about 130 per cent of offer at the final price for the transaction.
“The diaspora bond has opened a new source of financing for the Federal Government of Nigeria for funding projects for the development of the country.

“This new window further enhances funding liquidity and flexibility of the Nigerian economy, which are necessary characteristics as the country gathers momentum towards the attainment of advanced economy status,” he said.
Nigeria is the first African country to issue a bond targeted at retail investors in the United States, a market highly regulated by the United States Securities and Exchange Commission (U.S. SEC).

The only previous U.S. SEC registration for an African country was targeted at institutional investors.
The issuance of a bond registered by the U.S. SEC provides an opportunity to access a wide range of investors, Nwankwo explained.
With this development, Nigeria can now routinely access funds from private banks and wealth managers in the U.S. and European markets: this opportunity is not available to other developing countries that have only issued Eurobonds.

Reacting to the successful debt raising, the Minister of Finance, Mrs. Kemi Adeosun, said: “To have received the approval of the U.S. SEC was indicative that the highest level of transparency and accountability in the economic process has been attained.”
She explained that the bond should positively impact the country’s credit rating, transparency rating and financial market development index rating.

“The Diaspora Bond is the first bond issued by an African sovereign registered with both the U.S. SEC and the United Kingdom Listing Authority (UKLA) and targeted at retail investors,” she stressed.

With the successful issuance of the debut Diaspora Bond, Nigeria will establish a programme for raising funds from Nigerians and Friends of Nigeria in Diaspora, as an avenue for continuous participation in the development of the economy.
Market experts also hailed the move by the country, pointing out that Nigeria was able to raise the sum under the very restricted U.S. retail market.

This, according to experts, opened new window for programmed sourcing of diaspora funds.
“Unlike the Eurobond which restricts you to only institutional investors, to be authorised by U.S. and European regulators to issue a retail product means you can now approach wealth managers and private banks. In short, you have no more real restrictions,” one analyst who preferred not to be named, explained.

The international Joint Lead Managers to the issue were Bank of America Merrill Lynch and the Standard Bank of South Africa Limited.
The Nigerian Joint Lead Managers were First Bank of Nigeria Limited and United Bank for Africa Plc.
Prior to its issuance, the presidential aide for foreign affairs and diaspora, Hon. Abike Dabiri-Erewa, had urged all Nigerians to take advantage of the first ever diaspora offer by buying into the bond.

She said her office and Nigerians in the diaspora were excited about the offer, adding that it was a unique way of lubricating the interest of Nigerians abroad to participate in the development projects being carried out by the Muhammadu Buhari administration.

Preparatory to the debt issuance, Nwankwo had led the federal government delegation, comprising officials of the DMO, Ministry of Finance, Central Bank of Nigeria (CBN), and the Budget Office of the Federation on investor roadshows that took place in major cities of the world, including London, New York, Miami and Geneva.

this is a postive news pronouncement to cause uptrend in the economy. Fundamentals will determine what next.

eazyway212:
Thanks @ Chibuking for the clarification

he's unbundling transcorp gradually.

moseys2003:
Any news? should we sell?

Will ad ice you to sell b4 it's too late

9free:
Only those in OandO, Forte Oil, Transcorp and FBNH will understand this.

I expect price to come down.

In Skye bank train eventually....hoping for a voyage.

The bear is near...trade cautiously.

At least Transcorp finally close above 1.3 the journey begins......

Any info on transcorp bull rejection syndrome?

stokfrick:
Bro, why transcorp now! This same transcorp that has refused to obey d almighty bull!

I don't know d game behind transcorp too,it use to be a power house! Tony common now,Wake UP.

PharmAlfred:
I will encourage to hold on to wat we already have. We may never see these stocks at the prices we use to know.

It seems to me Diamond bank will enrich people this year.

if diamond make a mistake to #3 price I don hammer b dat!

lancee:
This bull will leave u confused , not easy to sit down and looking at the way the prices of stocks are goin higher , sold uba took my looted funds But had to join again now with some profit
If u re not careful , u will sell and later join again ..AT the same time anything can happen like the case of zenith @ 20.90

Missed Access at 7 , before i knew its gone , Can u imagine some pple are still ready to buy fbnh @ 6.42 after a heavy dumping

No one knows the way the thing dey go , Honestly tothe FPI"s if u convert thos eprices of stocks to $$ its kind of cheap with the exchange rate of 380 to 400 plus at the Fx window

Like i said before we may not see those cheap prices for the a while , like Oga Bullbear mkt said ""NSE IS BLOWING THROUGH MAJOR RESISTANCE WITH EASE"

in the case of fbnh,there was a time it did #10 maybe this is another repeat in view,so I'm not gonna sell for Now.

Zhirinovsky:
Jordan Belfort once told a client " your only regret would be that you didn't buy more".

truely if the money is available y Not

Just thinking out loud...can this house look into the prospect in Skye bank difficult times,for recovery gains. Most assuredly the bank can not remain dead for ever.

Watching Transcorp to respond to the bull pressure in price movement.

It needs to make the #2.00 price rally.

Diamond bank will make minimum #1.5 price

My opinion.

binaflexia:
Which higher price. Do you know how much the foreign guys paid per share. At 1 Naira, it's even nonsense to them

why do we sell Stocks we should Hold, and hold what we should sell? The paradox of investment!

sky2891:
FBNH reminds me of an eagle. Takes time to rejuvenate itself; facing realities and causing itself pains in removing dead feathers and beaks (painfully writing off it's impaired loans) to allow the restoration of youthful vigour and strength. When it's done, a youthful vigour gradually appears and flying above the highest mountains as ever before even more. Eaglephant

you write like a poet. It's really mounting!

Cadillac15:
Heard a rumour that diamond bank might likely do a 6month half year audit with the posibility of declaring dividend to appease their shareholders.

Who can confirm?

I cannot confirm it but one thinks the bank will find means to make impression and advance it's share price.

Diamondbank may rally up with this week momentum. But don't see it going past #1 only if it can close above #1 a sure thing for a tier 2bank.

ihedioramma:
How can you ask me to sale cattle and buy dog ? .

you mean...selling Elephant to buy Goat?

I like to see what response will follow from transcorp. In the GREEN zone.

Coolcash1:
OANDOOOOOOOOOOOOOOOOOOOOO..... ...Honestly, Wale is a cowboy.. Confirmed!

Wale go wound...No,Kill people for NSE

EduC:
Exactly my thoughts, we may not have seen the end of this bull just yet.

when does these guys say it's time to go? We know the cowboys are around but for howlong? Else you got trapped in thier intrigues. #oando,#fbnh.....

Hope the House exit oando asap. Ok

People need to know that News drive the NSE more than anything! So dig the News follow it's path.

PETERiCHY:
LOCO sell your fcmb now and join FIDELITY,

Thank me later.

*ThE OcToPuS*

this week is hot already stocks are raving up momentum. Osinbajo factor inclusive?