Manonamission's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:07pm On Jul 13, 2016

gbolah4real:
Did anyone here receive invitation from Morgan Capital to participate in the Greenwich Money Market Fund??

Yeah, I did. What about it?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:05pm On Jul 13, 2016

ihedioramma:
Did i hear you say fo by now(#100+)? brother fo is going down well, well is not good to now . but why not cool down . i hope by next month or two if you buy one they will give you four free . remember fo was at #300+ .

It is quite funny or should I say interesting how you come up with these ridiculously low price targets. How come your projections for Oando were more positive even encouraging us to board at N8 before it zooms off? Do you sell monkeys too? grin

One love

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:21pm On Jul 08, 2016

megainvest:
NIG. STOCK EXCHANGE Retweeted
Boason Omofaye ‏@BBoason 26m26 minutes ago
HAPPENING NOW: New @SkyeBankNigeria Management Board now at @NSEcontact HQ in Lagos @channelstv

SkyeBank men in black don come market!!!

The CBN is just as irresponsible as the board of SKYE. They are desperate to limit the damage caused by the announcement and board changes made. Panic withdrawals and cheque rejections plaguing SKYE bank now while investors scamper for safety on the NSE.
It would have been better if the CBN forced a merger (behind the scene) between SKYE and another bank. That I think would not have led to this bloodshed.
They had better not tow that line of action for any other SIB. Let's see what the outcome of the arrangee meeting with Oscar will be. My thoughts.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:17am On Jul 08, 2016

locodemy:
i wan carry my oando loot enter transcorp..........so make it dey drop as oando dey rise.........too much much to be made this second half year.

I think Transcorp will report a high Forex loss. Just an opinion. I can't tell the direction of this stock. NSE has a mind of its own.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:10am On Jul 08, 2016

Expect more profit warning for Q2. Forex loss is real.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:33am On Jul 08, 2016

bejay247:
Can someone explain the rational behind the north movement of oando shares? Am getting confused, should I join the train or wait? Please gurus in the house, help!

Check the bids again. Some folks just withdrew their bid at N8.11

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:44pm On Jul 04, 2016

duni04:
So I'm guessing the next step is for the NSE to place Skye shares on technical suspension till further notice?

I should think so. It's not a good news for the industry at all. Should we expect the market to react negatively across the sector? A SIB bank going down.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:08pm On Jul 04, 2016

feelamong:
@BBoason: Sources say @cenbank to lay-off all @SkyeBankNigeria Directors, except the three execs that joined the lender about a year ago

https://pageone.ng/2016/07/04/cbn-sacks-entire-board-skye-bank-plc/

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 4:02pm On Jun 30, 2016

So not even a forward looking statement or another press release to expect result on or before July 31st? huh

Skye, Oando and Stanbic, there is God o.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:23pm On Jun 27, 2016

Primetech:
Has Stanbic vs. FRCN case been resolved??

I don't think so.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:31am On Jun 27, 2016

Results due this week - Oando, Skye and probably Stanbic. Not sure, but it seems Flourmills result might not be released until mid July to early August.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:37am On Jun 24, 2016

Godisfaithful:
Sir, stocks performances goes beyond upgrade or downgrade. It had to do with the forces behind it when it comes to NSE! Don't be carried away by those downgrade or upgrade. Just use it as your own yardstick! Best of luck

I know you have positions in FCMB and Diamond. But not to worry, like I posted initially, the downgrade is not news to the market. That was why I mentioned that of FCMB being next in line. My point is, the audited result, the basis of the downgrade just announced is known to everyone. So it shouldn't come as a surprise to anyone. It is not breaking news.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:26am On Jun 24, 2016

Is the NSE trying to stage a comeback? cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:12am On Jun 24, 2016

No one knows for sure, the ramification of Brexit. A lot of speculations out there and largely negative too. We wait on world leaders to share their next line of action. Thank God it's a weekend. Hopefully, the markets will be calm by Monday when leaders that matter would have doused the tension with whatever they got.

End of a 40yr EU relationship is no joke

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:06am On Jun 24, 2016

debeey87:
How does that affect our market

Investors convert position to cash, grab popcorn and a bottle of coke, watch in 3D.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:02am On Jun 24, 2016

OBAGADAFFI:
Guys more trouble for first bank, they have just been downgraded.

https://nationaldailyng.com/2015/firstbank-plc-in-trouble-says-global-rating-agency/

Also be careful with Zenith.

The downgrade was just announced. Meanwhile it happened long before now when the profit warnings hit the market. Same applies to Diamond, Skye. FCMB's will be announced shortly. Thank you. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:57am On Jun 24, 2016

Primetech:
what else can it be?

Brexit!!!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:50pm On Jun 23, 2016

ihedioramma:
Price?

Between 30k to 150k (probably). Depends on your JIJO proceeds. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:46pm On Jun 23, 2016

Having dropped several places on the Forbes ranking since the Naira was floated against the Dollar, oga Dangote is on a quest to reclaim his enviable position. The obvious vehicle is Dangotecement where he owns c.90% of its listed shares. I wish him good luck.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:29pm On Jun 23, 2016

ukay2:
Why zenith bank no wan come down despite FAYOSE INDICTMENT...

I THINK SAY ZB go come down make I buy more...

Oga mega invest... Please drag the prices of GTB and ZB down for me...

Oga Peterichie Don run? 2 weeks I never see am ....CBN Don devalue naira.....make him bring his dollars come drag the prices down...

If your instinct tell you say ASI go touch 15000 and the thing dey above 31,000 now, you no go run huh

Make una fear God o. Do unto others as you want them to do to you o. cheesy

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:26pm On Jun 23, 2016

valacious:
GSK is selling its drinks business(ribena, lucozade) for $79.2million,and also paying dividend, that i think is the reason for this bull...
http://www.gsk.com.ng/common/pdf/Shareholders%20Letter%20-3rd%20June%202016.pdf

The initial reaction when the news was released on the floor was a sell off. Stock bottomed and reversed. N21 to N14.13

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:18pm On Jun 23, 2016

Mfunkynation:
hmmmmm, miss out on uba, but ok wit fcmb n diamond. pls wat r dia close price?

I recommend you BUY a device you can use to monitor your trading activity. No DD required.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:22pm On Jun 23, 2016

http://nse.com.ng/Financial_NewsDocs/14039_FIDSON_-_OPENS_NEW_FACILITY_CORPORATE_ACTIONS_JUNE_2016.pdf

The race of the pharmaceuticals is set to begin.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:10am On Jun 23, 2016

lancee:
Fbnh , fidelity ..yeye stocks

No wonder they bt started with F Fuc...ing pple up

Well, they present opportunities for those that missed the early fliers. It's just a matter of time. Na turn by turn.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:44am On Jun 23, 2016*

An announcement might be due from Transcorp. There is something about this solo bull. Beefing this stock right now..........bailed out at N1.34 cry

JIJO don tire me. I need to be more patient. cheesy

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:01pm On Jun 22, 2016

I am not sure how the UK's EU referendum will affect other markets but I'll bet it will in some way. Tomorrow is the d-day and there just might be volatility. I expect a "Remain" victory might usher in the bulls in the following trading days. Reason is, foreign investors have more reasons to wait on the sidelines until after the dust settles before a decision can be taken. In order words, they have other things on their mind apart from Naira devaluation.

Meanwhile, Guaranty enjoyed patronage from some deep pockets yesterday and today. Infact they bought at inta-day high of N23.20 today. I hope they consider other stocks in the coming days. Na beg I dey beg o cheesy

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:43am On Jun 22, 2016

DeRuggedProf:
PRICE?

N23.09
Bid size 17.7m
offer size 2.2m
Time 11:43am

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:29am On Jun 22, 2016

Serious money chasing Guaranty- a top pick for foreign investors.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:57am On Jun 22, 2016

Shey na like this Transcorp go dey rise? Failed to take position when I should have. cry

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:39pm On Jun 20, 2016

uzoboy86yahoo:
Break it down for me to understand apply in stock market and what's the merit and demerit of this

The market will revalue listed stocks following the change in monetary policy. In other words, when the true value of the Naira is determined by market forces, stock prices will readjust to reflect this change.

Look at it this way, A bottle of coke sold for N150 when the Naira exchanged to the dollar at N150/$1. The Naira was then devalued to about N300/$1. You would probably not get same bottle for N150 again especially if its cost component is foreign denominated. The new price will largely depend on market forces. On the NSE, Foreign investors control a large percentage of trades. When they change their dollar to naira, they have more naira to spend and our stocks appear cheap. We should have more naira chasing stocks eventually. In fact, some countries devalue their currency to make their products appear cheap.

That said, if you have positioned already please don't be in a hurry to sell. It just doesn't seem to make sense now. I feel this is that time to wait.

Caveat: I am not a prophet.

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:31am On Jun 20, 2016

uzoboy86yahoo:
Pls whats the meaning of repricing

When you go to the market and Tomato is no longer the same amount you bought it on your last visit. cheesy

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:03am On Jun 20, 2016

I can feel the enthusiasm of traders on the exchange. Play your game well.

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