₦airaland Forum

lancee:
All these Big Banks refused to release results ..Don't know what they re hiding

Audited HY result for the big banks usually turn up towards end of August.

For Zenith Bank, CBN is yet to approve their result. Technically, CBN is responsible for the delay.

At this rate Fidelity might touch 90k ooooo.

Eti is even tending towards 15 years low.

LOL.

PETERiCHY:
Yeah that's exactly the WEALTH TRANSFER we are talking about.

PATIENCE is KEY!

BARGAIN HUNTERS TAKE NOTE!

What about Union Diagnostics Sir?

Agbalowomeri:
If it gets to 40kobo

And 40k to 80k will be 100% (before fees).

Agbalowomeri:
Who knows when we will get this kind of bear again, na patience get me as I dey so
Closely watching a possible ASI break of 20k

ASI at 20k? Never Say Never shaaa.

Imagine Zenith dropping a q2 result that's below that of last year. With the present market mood, N12 go catch am sharp sharp.

GTB is just too lazy. 350k to full offer and sellers can't even do it. Mtcheww.

Agbalowomeri:
Hopefully we can get FBNH at N2.50

Transcorp 40kobo, going going ........

Grave Robber. I thought you have repented!

Chibuking81:
At this junction cash is king, as I go through international news, from US and China trade war, with China devaluing their currency and and preparing for Its Nuclear option, https://oilprice.com/Energy/Energy-General/China-Prepares-Its-Nuclear-Option-In-Trade-War.html with European economic melt down, one can concluded that Nigeria stock surviving the bear soon might be far from achieving.

We might soon see ASI at 25,000. I think the best option is to stay behind and allow the current global trade war and crude oil influence to settle down.

https://my.liteforex.com/trading?type=index

Sir ChibuKing has just sold his stocks. Let the Bear Bear Bear shout start.

LOL.

Obene!

Agbalowomeri:
Sallah meat never digest

Which sallah meat? Investors still in the market no fit get appetite chop any meat ooooo.

GTB about to start it's own reggae dance.

Ice Water.....

See as everywhere quiet. Is it WINTER yet?

maishai:
My Opinion in what is currently Happening

Going by the Hierarchy of money.........The Ultimate money currently in Nigeria is Crude oil controlled by the Nigerian Government... Below Crude oil we have US dollar( CBN reserves), all US dollar in relation to Nigeria are just promises to supply crude oil..... Below the US dollar we have Naira controlled by the CBN in conjuction with Nigerian Banks, all Nigerian Naira are just promises to pay US dollar........Below the naira we have securities like stocks bonds and bank deposits, all securities are promises to pay naira

In times of crises especially world crises as is happening now, You will now understand the value of each one in relation to the other, The current trade war between the US and China is treatening our main money, China has built itself up as a low Cost manufacturing Power house and Trump is going right to the heart of this matter, the US wants to take manufacturing off China not back to the US but to other low cost countries like vietnam,sri lanka and India,the rate manufacturers are moving out of China currently is alarming...... The Chinese Government has to respond by devaluing the yuan to keep manufacturers moving out

What has these got to do with Nigeria and our Money.......It is our money(crude oil) that powers manufacturing, the fall out between US and China is slowing down manufacturers as they contemplate moving out of China or Staying back, many have cut production quotas, and building new facilities dont just pop out in a day slowing down the demand for Oil

Finally as God always bless this our Country, the fall out of all international politics always plays out in the end to our advantage long term.......where ever manufacturing is going, It will still be powered with our money (crude oil) and demand will still come back to optimum levels.........All our economic institutions even the CBN are powerless in the ongoing saga as such They are all Price takers......

As an Individual retail Investor, the higher up the chain in the hierarchy of money you hold the better for you , right now in the short term, but long term prices will still come back to normal, you can start converting higher money back to lower money......


Zenith and GT are definitely going lower, They let you take the temprature of international Politics as many foreign institutional investors are here.........How Low I dont know but they will bend very low.........If you are buying stocks right now please have in mind to cash out in 5 years time




Caveat.......I'm PRO US and would love to see a Pro China analysis

Chief,

All these are cycles. Nothing new. Before April, people will be bidding for this same Zenith at over N30. FPI's stopped buying our equities long before this US/China trade war.

Don't be surprised when all these offers vanishes tomorrow. This is NSE, anything can happen and always do happen!

Intendy:
Stocks with new 52 week lows



Chai see as mendes911 stone me oo

When I no get strength to type properly, na stone I go fit lift?

#BearInflictedInjuries.....

Agbalowomeri:
Na so the list long wey u take break to post Lol

Him go wear helmet first.

pluto09:
Ah ah, cheap good meat and bad cheap meat.....

But Transcorp will return far more than Zenith though.....

Intendy:
stocks with new 52 week lows

You better not say anything ooooo. Stones might land on you today.

pluto09:
How much are you ready to buy transcorp

When the likes of Zenith and Fidelity are there?

Well, maybe if Transcorp touches 60k around October. Things will reverse again after this incoming bull run.

Transcorp 84k.

Bomboclad:
I hope market reverses tomorrow for the sake of the salah. This kinda bear is unprecedented!

Let our Muslim brothers leave Ram and slaughter all the bears, then......

Agbalowomeri:
Badt guy
He is now pushing oil up

He will come back and say am part and parcel of his village people.

Sir 333 and Chief Loco, I hope you both knows that this too won't last! Don't rush and sell out of anger.

When gbedu begin enter ChiBuKing body......

Bears that he saw, takes a whole year to visit his portfolio.

Obene......

Heishere:
My patience finally pays of. Onto the next distressed stock. Anyone you know I can beam my searchlight on?

Dunlop and Bank PHB Sir. Come and lets do a cross deal.

@Agba,

See as ETI is struggling to hit your target of N4......

Do consult your calabash again. Shebi N4 is for sure?

Mpeace:
Yels, Mrs. Yayira should comeback lets celebrate this

http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf

N24 final payment.

Agbalowomeri:
You obviously didn't read and understand the post

You guys should quit patronising this guy. He shares same attitude as Veecove. Let us not waste our time and energy.

These Zenith offer stacks of 250k units at every 0.10 junction. Is this seller willing to sell or is the seller trying to instill fear?

NSE, I hail thee.

robobo:
im not really concerned about that particular order cos i know it wld break d price (ve got some other at lower prices)

i wld still appr8 if im schooled on how the order system

Bro,

In every system, there will always be someone in control. And those in control can afford to twerk the system at times. That's just the truth. I have noticed same concern that you raised in the past. This system is supposedly designed to be FIFO (First In, First Out) but........ You know the rest.

robobo:
House Please i wld appr8 if someone can help clarify this

Placed an order for UBA @ 5.50 early today, in fact after the placement i was number 4 on the 5.50 band

however about an hour into trading i noticed my order had been moved down to number 8 after which some units were filled

now i had noticed more than about 3 million unit done on the 5.50 price but my order is yet to be filled neither is any of the first 7 orders in front of me. Please note that all unit done within the 5.50 band were small disparate figure so cldnt have possibly been crosses

i wld appr8 if any1 can shed light on how this order system works so that it cld be factor into decision making

Not to worry. Somebody heard your cry and sold to ALL on #5.50.

currentprice:
Ekuu transcorp Q2 o

The time for transcorp to bend down low. ^{the mkt even try for he price for staying abov 1 since}

Remember what we discussed about this stock?

Interesting times ahead.

Agbalowomeri:
Oga this ya campaign has been from ASI 30K
So the market still never prove you wrong?

You can never wake a man pretending to be asleep. Leave him in peace.

I hope it's not just expectation of Q2 that's holding the market! Should we expect something worse soon?

Only time will tell.

In Sir Migi's voice, Obene Kwa Kwa X3.

tritritri:
My Oga u dey expect to see STEW EVERYWHERE ?

There's STEW everywhere already, just waiting for the rice to get done.