please post here when NSE FIX back

Born2berich:


There is a general problem on NSE FIX and it is also affecting morgan from the comments i am viewing here.

to no where

http://nairametrics.com/p-a-n-i-c-nigeria-stocks-fell-the-most-in-the-world-today/yesterday
Naira again Devaluation Is Inevitable investor beware

[quote author=Akinmail post=30673044]


If Dangcement gets to 100 naira which can happen, then the gods of you village wants to make you rich!

See Foreign Investors dislike us now... WE seem to be scuttling Democracy and the rest of the story that we know.......

So institutional investors that normally are the big players in dangcement are out. Dangcement is gonna go down as expected. That’s not rocket science...

But once election holds and The Economist, Financial Times, CNN, JP MORGAN, are all happy with Nigeria again, the scramble for dangcement by institutional investors who have deeeeep pockets will drive prices up.

All of this off course depends on our FEAR and your ability to conquer it. Nigeria will survives 2015 (which I think it would) and you sit on a pile of value. The opposite happens and you stand to lose all your investments. It also depends on timing and your ability to determine whether to buy now or wait in the hope that the prices will fall further, n the hope that whichever decision he takes is correct.

Like Warren Buffet will say, he is greedy when the market is fearful and fearful when the market is greedy. If your greed pays off amidst this fear your reward will wait for you on the other side of 2015 when the market will be waiting to buy from you.

GudluckIBB:


Emefiele has failed.he stopped banks from selling dollars to BDC operators using the interbank window.see what that action has caused the Economy. Before month end,it will hit 250...its a pity!!

CBN Reviews Weekly Cash Sales to BDCs to $30,000
Friday, January 23, 2015 6.15PM/CBN
This is to inform Bureau De Change (BDC) Operators and the general public that as part of the ongoing review of developments in the foreign exchange market and in order to deepen the BDC's segment, the weekly forex cash sales to BDCs have been reviewed upward from $15,000.00 to $30,000.00 per BDC, with effect from Wednesday January 28, 2015 auction. While, the CBN will sell to BDCs weekly at the prevailing interbank rate, the BDCs are expected to sell to the public at not more than 3.5% above the CBN selling rate.
Consequently, all BDCs are to ensure that the designated accounts in the CBN are duly funded with the equivalent Naira proceeds not later than 48 hours before the bidding date.
Operators are hereby advised to ensure strict compliance with provisions of the extant regulations on the disbursement of forex cash to their respective customers, as any case of infraction will be appropriately sanctioned.

adekitan13:
Thanks a lot

how come no body here

this may interest people here

Nigeria’s budget crisis is further stressed with active capital flight in the country, driven by steady decline of investors’ confidence. Despite the country’s growth potential, there has been little on-the-ground in the face of several actions taken by the government over the years to improve infrastructures, etc.



Foreign investors are sell-down mission as the country and the economic outlook appear unstable. It is estimated that foreign investors pulled N793 Bn out of the stock market in 2014, which is the highest in three years - on the back of a weak Naira and falling oil prices.



However, it is not all bad, since there are rays ofhope, post the belt tightening exercise, the long term growth prospects of the country are not impaired.


Many companies are trading at below book value today, presenting good buying opportunity for value investors. The manufacturing and industrial activities have been declining, but we believe that the government (whichever party wins post the elections) will have to take drastic measures to kick start economic activities - be it through rate cuts, or encouraging FDI



In our view, there is a lot of critical infrastructure to be built in the country, and quoted companies in this line will be benefited through 2015.

Oil companies will have to upgrade their systems to reduce the cost of production to bring back profitability into operations - this will result in demand for steel, software, etc. We believe that in the current year, investors can select stocks/companies that are positioned for infrastructure projects, and FMCG companies - which are normally known as the defensive sector - economic slowdowns do not affect them too much.

The banking and insurance sector are also likely to perform well during the year, since they are looking at growing their rural distribution network, as well as increasing the use of technology (e.g. Mobile banking). Healthcare providers are also likely to do well in the current year, since this is another sector that does not have elastic demand.

On the other hand, there are likely to be several losers in the current year, ranging from auto manufacturers to hospitality to tourism. These sectors will be hit by the double whammy of lower consumer patronage and the increased tax surcharge on various luxury goods. In our view, companies in this space can be tracked, but any investments in these sectors can be done closer to the second half of the year, post the elections.

UBKtech:
Hello mate,

Can someone please post a workable phone number to contact Morgan Capital on, I applied to open an online trading account with them since December 22, uptill now nothing from them.

Please my people help me, I don't want to be left behind when the NSE market starts moving again.

Thanks for your assistance.

Morgan capital 08107596134

otokx:
Still observing.

I am look at price, what going on with the nse

otokx:


3.71 - 3.80

thanks

Aks:
FCMB now N2.03. I bought some units yesterday too

how is uba doing today?

MiCarino:


Lool, This has to be the joke of the week.
imagine nse actually closing down

this your joke nobody want to think go there, if nse close down many will cry ooo

me3000:
[hello everyone

anyone here using Morgan capital?

[hello everyone