Manonamission's Posts
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 Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:10am On Jun 18, 2016 |
ihedioramma: ihedioramma:  Pa Ihedioramma is back. ROTFLOL  2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 4:48pm On Jun 17, 2016 |
angelo82: FBNH is eager to break previous resistance but UBA is the stumbling block. UBA and Access should get their acts together abeg otherwise...........  2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:53pm On Jun 17, 2016 |
UBA should just cooperate with FBNH abeg.  |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:44pm On Jun 17, 2016 |
ASI spotted at 29,176.88 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:56pm On Jun 16, 2016 |
DeRuggedProf:I am tempted to think some big investors are exiting. It is always the first to go on massive offer when the bulls lose steam. About 350mil in 2 days now. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:46pm On Jun 16, 2016 |
Godisfaithful:Hmm... I expect SKYE to track FCMB not Fidelity. But I think Fidelity has more upside potential considering that FCMB just rallied to its current price and is expected to find a strong support first. Fidelity is yet to rally, besides based on current result, Fidelity is a better buy (or so I think). To buy FCMB at current price dey do my body one kain |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:55pm On Jun 16, 2016 |
kenmaro:Hard to say. If SKYE declares a similar result to FCMB's, then expect the price to track that of FCMB too. Similar result in this case means - not a loss but meager profit. It's a gamble. Are you willing to gamble? The choice is yours. OYO I think FCMB is expensive at N1.7X. However, the stock has strong market makers. They are well able to drive it to their target price. I would prefer Fidelity at N1.3X. Please, I shall not be held accountable for the outcome of any decision you make based on this post. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:53am On Jun 16, 2016 |
Thunderlicious:Your head is there 3 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:52am On Jun 16, 2016 |
forbes30:Okay o. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:18am On Jun 16, 2016 |
forbes30:I beg to differ but stand to be corrected. It is neither a downgrade nor does it have anything to do with the companies' performances. The index is composed of stocks that give a close representation of other stocks within the same sector on the exchange. What is considered is attributes of the "stock" and its trading pattern on the exchange not performance of the "company". 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:15pm On Jun 15, 2016 |
ogoo4real:"Non-oil exporters are allowed unfettered access to export proceeds via the interbank rates" An highlight from the press briefing. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 3:10pm On Jun 15, 2016 |
Joysmart:http://nairametrics.com/its-official-cbn-floats-the-naira-the-implications-for-you-and-i/ "The Central Bank Governor has just announced a full float of the Naira in a press conference in Abuja. The CBN Governor informed a stunned audience that the exchange rate will be market determined and that the CBN will also participate in the market occasionally. The CBN also maintained that the 41 items banned last year for for access to forex for imports remained banned. The CBN has also appointed primary dealers for the first time which is expected to help boost FX liquidity in the market. In a remarkable turn on events for a CBN Governor and Government that have for months held tightly to an artificial exchange rate, the CBN Governor also revealed that we will be operating a single market suggesting that we will no longer have two windows. The CBN also introduced a two way quote which basically means that the market will act like the stock market where buyers and sellers will state price and quantity they are willing to sell. The CBN Governor also confirmed that all the “pent up” demand awaiting to be filled (for example airlines looking to repatriate their dollars) will be met at the interbank market but advised caution for buyers looking to rush demand. In what was quite remarkable he clearly stated that the CBN has enough reserves to meet demand and is willing to put its reserves on the line. The market will also include financial products such as futures where businesses who need dollars in the near distant future can now hedge buy buying at a price today but get the dollars delivered when they actually need it. As per the new price of the Naira, the CBN Governor mentioned that the price will be known when the market opens officially on Monday. The implication of this could be wide-ranging and we will know more as more details emerge after the press briefing. However, we can only but conclude that the end of the black market is near as anyone and everyone can not buy dollars at any bank or with authorized dealers at a price that is market determined. Nairametrics had reported severally that the black market rates might drop if the CBN announces a float as investors and businesses who refused to import dollars into Nigeria can not bring in their forex at a price they believe is market determined. This might take some time at the worst but we believe the market will be flooded with liquidity in due course. Indeed we anticipate some volatility as the market takes shape and tracks how liquid the market will be. In other countries where a full float was launched, the value of the home country did plummet woefully before it found its level. However, the rates between the interbank market and the parallel market did narrow which we expect will also replicate in Nigeria. The CBN Governor did not dwell on the controls currently in place such as limits to withdrawals of dollars from your bank domiciliary accounts or spending limits when abroad. However, we believe these limits will be removed in due time as the market becomes more liquid. More updates on this page soon…. Key highlights of the press briefing. Market moving to single market through interbank via a Reuters / FMDQ order matching system with 10 primary dealers (2 way quote mechanism) and other secondary detailers. Primary dealers will operate the interbank market. CBN may intervene from time to time Proceeds of FDI shall be purchased by authorised dealers at the daily interbank rates Non-oil exporters are allowed unfettered access to export proceeds via the interbank rates 41 items formerly constrained by CBN will still not be eligible for trade on interbank To enhance liquidity, CBN may offer long dated 6 – 12 months forwards to authorised dealers. Forwards must be traded backed with no authorised spreads New product : Now authorized NGN futures on the FMDQ OTC – which will allow non-standardised amounts, no fixed dates or tenors. Will allow businesses to hedge. Futures will be NGN settled. CBN says they have enough liquidity to play in the market (it surpasses pent up demand) Detailed Guidelines to be released The new guidelines for FX dealers and market structure will be circulated after the meeting. Selected primary dealers will be notified by the 17th of June. Primary dealers must be able to trade sizes of at least $10m Interbank trading will start on Monday the 20th of June Tenors / rates on NGN futures will be announced on 27th of June" |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:29pm On Jun 15, 2016 |
Very irrational market. UBA that was on offer suddenly has 63M bids. Investors can be crazy sha. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:26pm On Jun 15, 2016 |
735i:You would do the same thing if you were in his shoes. A devaluation(rumoured) announcement is due by 2pm that might probably lead to the dollar crashing in the parallel market. Why would he wanna buy the dollar at an expensive price only to sell lower after the announcement? It is being speculated that the devaluation should lead to increased supply of the dollar when the N197-N199 peg is raised. It is the same effect playing out in the stock market. Investors will bring in forex in order to buy stocks on the NSE. The unfavourable forex regime is what kept them back in the first place. "Black market operators believe that the Naira could appreciate in value to N300 to $1 if the CBN officially devalues the Naira. Speculations are also rife that the CBN could reintroduce a dual exchange rate system that will see the interbank trade at an official window while the CBN sticks to its official peg. The disparity between the fixed peg and the interbank is also expected to be narrowed after this announcement suggesting that the CBN will shift its official rates upwards." http://nairametrics.com/official-details-of-flexible-exchange-rate-policy-will-be-announced-today-1562016/ |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:37am On Jun 14, 2016 |
@ Locodemy: with love from M&B http://nse.com.ng/Financial_NewsDocs/FinancialStatementFull_MAY%20MAKER_2016-04-29.pdf |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:35am On Jun 14, 2016 |
http://nse.com.ng/Financial_NewsDocs/13968_AG_LEVENTIS_PLC_CORP_ACTION_CORPORATE_ACTIONS_JUNE_2016.pdf http://nse.com.ng/Financial_NewsDocs/13971_LEVENTIS_PLC_AUDITED_DEC_2015_FINANCIAL_STATEMENTS_JUNE_2016.pdf Div: 10k Qualification: 19/8/2016 Closure: 22-26/8/2016 DD advised |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 3:14pm On Jun 07, 2016 |
davide470:The question on my mind is this: Is it that the banks see light at the end of the tunnel or they are about to embark on another reckless lending spree? If it is the former, then Oando could be included in my watch list. Sustained oil price above $50 might could have been the major contributing factor to the success of this loan syndication/restructuring in addition to divestment conditions given to Oando. Sentiments around this company are still very strong hence the reason for its share price volatility. What am I saying? This stock should be good for JIJO so for JIJO only will I play this stock if and/or when I decide to. I am still skeptical about the viability of the upstream business of Oando. How is the insecurity in the Niger delta affecting their production? How will the company benefit from the price recovery if production is hampered? Make I keep watching for entry sha. I hope WT releases the audited first make price crash well well before releasing the rumoured positive Q1 result......meanwhile someone should please call NDA make them them allow me chop "oyel" money through Oando. Disclaimer: The above exists only as thoughts. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:46pm On Jun 07, 2016 |
DeRuggedProf:What if the fellow is shy? |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:45pm On Jun 07, 2016 |
NuttyChoky:Lol. True. Make Baba God pick my call tomorrow. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:17pm On Jun 07, 2016 |
Expecting the bulls tomorrow. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:14pm On Jun 07, 2016 |
Skye bank's result is pending with CBN. Stanbic's result with FRCN and Oando's with Ernst & Young. Their results may be released in this order: Skye, Oando and Stanbic. The banks are awaiting regulatory approval while auditors are battling to understand WT's maze of a result. Disclaimer: Not a statement of fact. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:50am On Jun 03, 2016 |
RedCapChief:I so much agree with you. I don't know the value TUC brings to the board of Unity. Majority stake for that matter. How organised is the group sef. Anyway, lets see how market players will play this stock. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 11:11pm On Jun 02, 2016 |
PETERiCHY:Please, are we to reset the counter? Market lost for 2 days but gained on the 3rd. Check with your 3rd eyes please. I dey fear "STOCKARMEGGEODON" abeg. 4 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 2:16pm On Jun 01, 2016 |
[quote author=ogbs2020love post=46155677][/quote]Amen. You are blessed. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:12pm On May 30, 2016 |
ogbs2020love:No. Register was closed for 18th (till 22nd). If you bought before closure (say 17th) you would have qualified. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:00pm On May 30, 2016 |
angelo82:I was referring to the general market bull actually not specifically to the 3 stocks in my post. Don't have the details but I think Stanbic has more corporate shareholders that most banks and the percentage held by them is high. Brand might truly be overvalued. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 6:26pm On May 30, 2016 |
Primetech:Skye and Oando results should be released tomorrow going by their "forward looking" statements Stanbic is still on a long thing with FRC.I am inclined to think that the recent bull witnessed was as a result of the new forex policy. A more affirmative release is rumoured on the 1st of June and I won't be surprised if the bulls rage from thence till the end of the week. Disclaimer: An opinion and not a statement of fact. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:09am On May 26, 2016 |
davide470:http://nairametrics.com/cbn-extends-c-a-r-deadline-for-systemic-important-banks/ 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:44pm On May 25, 2016 |
kolaish:Bros help me buy nau. We no see am buy like that. Powder don cost for market. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 5:39pm On May 25, 2016 |
IHelp:At current prices, that's about 24% gain for Ashaka cement shareholders who subscribe to this offer. The gain could be more if the new Lafarge shares qualify for the N3 div and 1:10 bonus already declared by Lafarge (Qualification date is 15/6/2016). I wouldn't want to assume that the new shares will qualify just because the tender offer closes before this date. The c.24% gain is expected to whittle as the bulls attack Ashaka except there is a commensurate increase in the price of Lafarge, which I doubt would happen. I hope the merger spree Lafarge has embarked on lately will lead to efficiency in operations and increased margins otherwise, at the rate the issued shares is increasing, valuation might keep dropping. I don't think the merger of the Nigerian operations with that of SA had any positive effect on the NSE, rather it decreased and it's yet to recover. #Norecommendations |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 4:57pm On May 25, 2016 |
Intendy:http://watchdogreporters.net/13626-2/ "The Managing Director/CEO of FTN Cocoa Processing PLC,Abiola A.Aderonmu has disclosed that it has invested additional N6billion into the company in order to bring the cocoa producer back to activity on the floor of the Nigerian Stock Exchange(NSE). According to him despite the effort by the board and management of the cocoa producer, more funds are needed to ensure that FTN PLC returns to productive activity. Aderonmu who was speaking on the back of the company’s facts behind restructuring at the NSE presented by its Executive Director,Akin Laoye Tuesday said the company is on the threshold of bouncing back given the various improvements in its operation of late, saying that the onus is on the nation to ensure that the manufacturing sector which FTN PLC represents is given a pride of place. At the event, NSE Director General Oscar Onyema had said that the event was planned to enable the company to inform the market on its activities as it concerns its on- going restructuring in the overall interest of the market, adding that the hope is that the company would soon return fully to the market. He reminded them that full disclosure is required in the market as it has zero tolerance for poor corporate governance, maintaining that credible and timely information are vehicles that make for good capital markets. Laoye had informed the gathering that the company has entered into a partnership of sort with Transma Commodity Group and that the off take agreement signed by them has ensured that yearly 31% of its produce is bound to be taken up by the American Company. According to him this amounts to N6.7billion revenue yearly. He also maintained that its cocoa powder are usually taken up by Nestle and Promassedor while the cocoa butter would be taken up yearly by the American company, adding that the agreement with Transma has already been approved by Security and Exchange Commission(SEC) and its shareholders. As well he disclosed that FTN PLC new plant is all set and ready for production activity but that they ardently require working capital to kick off operations, revealing that they are working the issues out with Bank of Industry(BOI) and others." Make una help me buy my monkey o........N0.50k only 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 12:50pm On May 25, 2016 |
sirflav:Haba! Chill out. Just watch the gradual recovery. It is going to be gradual. At par with Zenith?? For tomorrow, I expect it to be bullish yet again. AGM is tomorrow and the enthusiasm of the event will drive it. Dividend payment is on Monday. All na speculation. Don't take my word for it. 2 Likes |
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