₦airaland Forum

Coolcash1:
Guinness is a falling knife. I pity anyone buying now with the "HOPE" of it rising in future- you can get burnt!

With this kind of astronomic fall, its better to allow it bottom out before entry else it will be an endless average down.

stcool:
Guinness that I will buy @N9.00

emmanuelewumi:
1000 units grew to over 25,000 units between 1980 and 2020.


N100,000 invested in 1980 must be worth over N1 billion Naira and dividends of about N400 million in the last 40 years

lancee:
Time to start adding to some stocks lil by lil

Uchetoba:
Those that will listen to disceivers like emmanuelewumi and meine will come back to complain again after the unbundling, just as they complained after the merger of ccnn and obu cement.

fxuser:
- the joy of seeing price moving away from your entry and the discomfort of watching price come back to your entry are both distractions to your plan (if u had one in the first place)

- stay calm , don't be distracted

E Ku Mkt

fxuser:
UACN
- quickly found support at N6 , also a prev level last yr (important level)
- dis dilly dally under N7 , with last min vols i dont get
- the weekly macd histogram (Oracle likes d histogram ) suggest bears are losing dis battle
- i wud like to see a weekly close abv N7
- but looks ai

Guinness
- ummm catching a falling knife is not easy

fxuser:
FUGAZ
- up +30 - 40% from year lows
- if u bought the bottom , ure doing well #oooin
- if u didnt , ure still doing well

nna777:
Thank God for online trading ooo to monitor one's portfolio. imagine if it was in the era of analogue trading. Brokers will intentionally put their phone on voicemail, they will buy high and sell lower low for you to the point when they send you your statement, you will begin to ask God why he made you a human being . Chai!!!

koonbey:
I feel obligated to give a report here, especially because of all the alarmism and negativity. I remember getting very scared when someone kept posting news and guvjng analysis about how supply is increasing and price will go to 5000 and people will make losses.

Well, turns out it was nonsense. I stored a substantial amount bought at 7,500 and sold at 11,000. Same town/ no interstate travel or any major costs beyond bringing from firm into town. That's more than 30% profit - We've seen better but considering that treasury bills (my default investment is giving returns of about 5% per anuum now, I'm a very satisfied man).

I don't know what will happen this/next year, but I'm definitely doing palm oil again. Returns might increase or decrease but I know I'll not make a loss. The key thing is to diversify and hold other commodities. There's Maize, Egusi (past ideal buy period), sorghum etc.

In short, don't allow anyone tension you. If you 1. Buy high quality; 2. Buy when appropriate; 3. Store Properly and 4. Sell when appropriate, you'll definitely make some profit.






P. S. This should not be construed as financial advice. I'm speaking in personal capacity.

locodemy:
Do you trade Wapco regularly?
Let it not be assumptions you are making.
There is no pullback in the stock as at now.
I like upward and also utilise pullback to book my profit.

Wapco will either close flat or 15.75 today.

megamart247:
The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country.

The CBN Governor, Mr Godwin Emefiele, unveiled the strategies while speaking during a meeting with stakeholders in the Palm Oil Value Chain.

The meeting, which was held at the headquarters of the CBN, was attended by Governors of Akwa Ibom, Edo and Abia states and chief executives of companies operating in that sector of the economy.


Emefiele said as part of the apex bank’s Anchor Borrowers Programme and its Commercial Agriculture Credit Scheme, the CBN would work with large corporate stakeholders and smallholder farmers to ensure availability of quality seeds for this year’s planting season and agro-chemicals in order to enable improved cultivation of palm oil.

In addition, he said the bank would also work to encourage viable off-taker agreements between farmers and large-scale palm producing companies.

He noted that loans would be granted through the ABP and CACS programmes at no more than nine per cent per annum to identified core borrowers.


With an estimated three million hectares of land under cultivation and abundance of suitable arable land, the CBN governor said the bank would need the cooperation of state governments in the oil palm producing zone.

He said their cooperation would make land available to investors with proven financial and technical capabilities, who will be able to support developments of large scale palm oil plantations in the country.

He announced that all the states in the South-South and South-East regions had agreed to provide at least 100,000 hectares for the initiative.


The programme, he stated, was also expected to accommodate the smallholder farmers.

He said, “This renewed focus by the CBN to support improved growth in the agriculture and manufacturing sectors in Nigeria, is clearly in line with the Federal Government’s determination to diversify the base of Nigeria’s economy away from a reliance on crude oil, so as to insulate our economy from the vagaries and shocks associated with volatility in crude oil prices

“Let me stress that we are not unmindful that our current focus to make life difficult for smugglers of the products being targeted under our intervention will be resisted by unpatriotic and recalcitrant beneficiaries of the status quo.


“We will not be deterred by their criticisms but will appeal to Nigerians to support these initiatives.

“No doubt, there will be initial pain caused by this new focus, but the medium and long run benefits remain unassailable and glorious for our dear country.”

Emefiele said that resuscitating the country’s palm oil sector was vital to the government’s growth objectives as it would assist in creating jobs for Nigerians.


He said the meeting was an important one as it brought together key players across the palm oil value chain, state governments, banks, and officials of the CBN, in order to examine the challenges faced by palm oil operators.

He said the need to meet the stakeholders in the sector was borne out of the conviction that revitalising the sector would enable Nigeria to regain its position as one of the leading global producers of palm oil.


He said currently, Nigeria still expended close to $500m on oil palm importation annually, adding that time had come to change the narrative.

He said the apex bank would support improved production of palm oil to meet not only the domestic needs of the market but to also increase exports in order to improve forex earnings.

https://punchng.com/cbn-plans-single-digit-interest-loan-for-oil-palm-producers/amp/?__twitter_impression=true

A word is enough for the wise!

megamart247:
The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable the sector to generate foreign exchange and reduce the level of unemployment in the country.

The CBN Governor, Mr Godwin Emefiele, unveiled the strategies while speaking during a meeting with stakeholders in the Palm Oil Value Chain.

The meeting, which was held at the headquarters of the CBN, was attended by Governors of Akwa Ibom, Edo and Abia states and chief executives of companies operating in that sector of the economy.


Emefiele said as part of the apex bank’s Anchor Borrowers Programme and its Commercial Agriculture Credit Scheme, the CBN would work with large corporate stakeholders and smallholder farmers to ensure availability of quality seeds for this year’s planting season and agro-chemicals in order to enable improved cultivation of palm oil.

In addition, he said the bank would also work to encourage viable off-taker agreements between farmers and large-scale palm producing companies.

He noted that loans would be granted through the ABP and CACS programmes at no more than nine per cent per annum to identified core borrowers.


With an estimated three million hectares of land under cultivation and abundance of suitable arable land, the CBN governor said the bank would need the cooperation of state governments in the oil palm producing zone.

He said their cooperation would make land available to investors with proven financial and technical capabilities, who will be able to support developments of large scale palm oil plantations in the country.

He announced that all the states in the South-South and South-East regions had agreed to provide at least 100,000 hectares for the initiative.


The programme, he stated, was also expected to accommodate the smallholder farmers.

He said, “This renewed focus by the CBN to support improved growth in the agriculture and manufacturing sectors in Nigeria, is clearly in line with the Federal Government’s determination to diversify the base of Nigeria’s economy away from a reliance on crude oil, so as to insulate our economy from the vagaries and shocks associated with volatility in crude oil prices

“Let me stress that we are not unmindful that our current focus to make life difficult for smugglers of the products being targeted under our intervention will be resisted by unpatriotic and recalcitrant beneficiaries of the status quo.


“We will not be deterred by their criticisms but will appeal to Nigerians to support these initiatives.

“No doubt, there will be initial pain caused by this new focus, but the medium and long run benefits remain unassailable and glorious for our dear country.”

Emefiele said that resuscitating the country’s palm oil sector was vital to the government’s growth objectives as it would assist in creating jobs for Nigerians.


He said the meeting was an important one as it brought together key players across the palm oil value chain, state governments, banks, and officials of the CBN, in order to examine the challenges faced by palm oil operators.

He said the need to meet the stakeholders in the sector was borne out of the conviction that revitalising the sector would enable Nigeria to regain its position as one of the leading global producers of palm oil.


He said currently, Nigeria still expended close to $500m on oil palm importation annually, adding that time had come to change the narrative.

He said the apex bank would support improved production of palm oil to meet not only the domestic needs of the market but to also increase exports in order to improve forex earnings.

https://punchng.com/cbn-plans-single-digit-interest-loan-for-oil-palm-producers/amp/?__twitter_impression=true

A word is enough for the wise!

megamart247:
Those still thinking of going into oil storage in this jet age should stop deceiving themselves. With Presco . Okomu oil,Malaysia oil and the maasive investment some state govts are making in palm production oil price will remain still go below N5k and stay there for long time

Tarabye:
She's half Nigerian and Ghanaian, she's been to places
Argue with your ancestors

Tarabye:
Going to Dubai is now something special? I've been there so many times, Nigerians have turned Dubai to Lagos nothing to brag
Those endorsements are too cheap cuz I didn't see it anywhere on social media
Common you can't compare that broke ass man to my Baby, you know that

veecovee:
Polygamy is suicidal, both in this life, and in the life after this.

Though, they don't marry in the life after this, however, whatever you do in this life will affect you over there.

meshpips:
When a young lad is felling a tree, it is the elderly person that knows where the tree will land.

I dey wait una. Small by small una don dey reach the same page with me.

I will be patient with you guys. My people say person wey dey stammer sabi him papa name, just give am time, he go pronounce am fully.

I will be patient and wait. I understand as e dey do una.

megamart247:
Those still thinking of going into oil storage in this jet age should stop deceiving themselves. With Presco . Okomu oil,Malaysia oil and the maasive investment some state govts are making in palm production oil price will remain still go below N5k and stay there for long time

donparosky:
damn........its well o. wished you were a lil patient. I saw a place in Zaria selling first grade for 15k precisely bassawa axis and I asked the woman cos I pretended to be a buyer...... is that your last price, she responded b4 nko. my brother oil is too cost. I smiled and continued my journey sha.

RabbiDoracle:
PMB is still the president o.

Why don't you wait till he steps down?

onegentleguy:
This world is indeed a funny place.
So u are now seeking advise(even thru pms) from someone u once mocked, called a loser, a deceptive fellow and a club twerker masquerading as an analyst.
Just why would u possible wanna do that? ...it's not normal.

Anyway, ur sins are forgiven. ...to err is human, to forgive devine.
There's absolutely no need to hold anything against u or anyone else for that matter.
I hope u learn a lesson from this going forward.

As for ur question, I think u should 1st ask why u bought the stock, and what u really want out of it.
The 1st question defines ur PERSONALITY, while the 2nd sets out ur GOAL/TARGET. ...and somewhere in between should lie ur investment HORIZON.
It's very important to lay out these factors before u consider buying any stock. I can assure u that when u do, u'll ask less of the question u just did.
The effective combination of all 3 factors and efficient use of them is what makes u a STRATEGIC market player. ...which is a very pivotal step for any investor/trader, if u intend to WIN more and lose less in the stock market.
But before then, u also need this;

"To find out if u can SUCCEED more in the stock market,1st find out if u have the RIGHT TOOLS that can navigate through the worst of times and which can stand the test of time.
...otherwise, go and 'buy' it."
~Sinclair

I once wrote an article on this. ...take ur time to read thru it using the link below;

https://www.booksie.com/554210-strategy-a-powerful-tool-to-successful-investing

Regards.

megamart247:
Those still thinking of going into oil storage in this jet age should stop deceiving themselves. With Presco . Okomu oil,Malaysia oil and the maasive investment some state govts are making in palm production oil price will remain still go below N5k and stay there for long time

iHart:
Presco and Okomu can not serve the ever increasing demand for oil. Despite the huge investment, demand is still high and will continue to increase because population is exploding everyday. even in Malaysia, price of oil is not static. Try to understand the dynamics, world wide the price changes with season. Price can't even remain at 5k for long because cost of processing the oil increases with time.

Agbalowomeri:
Twerk twerk twerk

megamart247:
WISE DECISION
By Friday you will get more units with same proceed.
while the stubborn ones will watch their paper profit and investment go up in flames.

At the end of the day they will secretly struggling to BREAK EVEN all year round.

Yet they shows up on this forum consoling themselves and deceiving NEWBIES with words like "I'm a LONG TERM INVESTORS. I'm only after DIVIDEND. BELIEVE. BLA BLA BLA. whereas they are slowing dying inside....

Chibuking81:
Every investors and traders were affected, Zenith might enter #19 today, FCMB #1.6, Transcorp #1.05 if Zenith and GTB drop to #19 and #33, other stocks will follow. But they will soon build their support, and wait for q1 to move up.
Market will bounce back before the end of this month, and this year will end with bull. If you are inside sound fundamental stock already, just balance well don't panic, buy more to average down, because you must surely smile by the end of this year.

I still maintain, you must smile