₦airaland Forum

Thats it for me on nse for the week. Till next week. I don't like trading on fridays and monthends. Thats when market makers(manipulators) usually raise price to make it look like the stock made too much gains for the week.

Godisfaithful:
Sir, they might be right or wrong but history always repeat itself. They projected last year (420 Naira to $1) and i heed to their advise with my own due diligence. They are projecting between 632-650 Naira to $1(6-12 months horizon). And the government is not helping the situation at the moment .


Note: This is just their opinion not a recommendation to buy $$$ and hold. Current average price base on their recommendation last year is 256 Naira to $1 and don't trust most of our Nigerian banks.

Mehn.. Thats money o. Once I dividends are declared I will cash out and maybe look for some dollars. But the problem is how one can get dollars in cash, I don't trust these bdc operators they may sell fake and one will just hold fake money for months only to...

Godisfaithful:
@SIR PETERICHY, what's your projected value for Naira to $$$ by second quarter of this year Trying to compare it with a report a firm sent to me about their perspective on foreign exchange market

Wetin the firm project sir.Make we know whether to follow you buy dollar.

I DO NOT UNDERSTAND MORGAN CAPITALS BOARD ON OFFER/BID OF ZENITH BANK. It looks very deceptive.

Chibuking81:
Oando should pay their debt first.

lol, but take it easy on them. There is no company on nse that is not indebted.

o boy e. person just dump oando now now.

While some ponder the outlook for 2017, others are praying for the carryover of what was or should have been. My heart goes out to all those members of this forum with their hard earned cash trapped in mmm, may 14th jan.bring you luck. What shall it profit a man to make 100% from stockmarket and have it all ''frozen''in...

E be like say oando go hit N5 before new year o.

I heard that the last auction was under subscribed. It means the next would be higher o.

fxuser:
Oando faithfuls
- did you see wale Tinubu's tweet ?? asper the NNPC cash call agreement
- Oando SP carries emotions
- wont be surprised if there is a reaction


link
https://twitter.com/AdewaleTinubu/status/809438776409911296

ff

My brother pls clarify, is the $775million going to oando alone(as its share of the larger sum), and when? If yes then something is about to happen.

Pls where can I get the outstanding shares of each company on nse.

Onboard1:
Must you have account with the bank(e.g: fcmb) before you can place your bid through them?

I am not too sure. I only know they have a form and you indicate mode of payment on it. I think there might be a column for cheques and other modes of payment, am not too sure. Just walk into the bank and ask them for the form.

Houstency:
Bank rates differs but CBN's rate is same for all banks. If you see from the rates people have been posting here since yesternight, some banks gave 18.5 like FCMB and some 17.5..

FCMB gave me 18.5% because they asked me to either choose their rate or my own rate. I chose my own rate and indicated 18.5. I woud have gone higher but I just wanted this one to go through. I didn't want to take risks.

sanerugwei:
The rates do not vary from bank to bank. It is the same across board. If you are bidding for yourself just study the trends and cast your net.

My broda, the rates should ordinarily not vary but it actually does. This is because some banks insist on selling from their secondary market. Those banks will never alow you bid at your own rate. Some like diamond bank do operate a secondary market thatis open aon a daily bases. One can therefore place a bid on any day of the month as long as you confirm the rates and tenor on offer by the bank.

I love FCMB. They just sent the alert. 364days @ 18.5%. What diamond bank refused to do for me, fcmb has done without any stress or call and at my own rate. Had I known I would have since gone with them and avoided diamond bank with their terrible customer relations.

The mini bull is simply down to oil price/opec agreement and also the budget presentation of today. When they are settled, will now kw thr real price of stocks and which to board.

locodemy:
Those NSE big sharks will grab the 4.93 billion units left for daily trading........This small quantity of shares left will put the stock on fuuuul bid for several days like what FO did........how i wish i bought it yesterday........

Pls hw many units does FO have floating?

locodemy:
Haaaaaaa! if it reaches #10.00 before this year ends,i go beat this my head like papa Ajasco.........because after the day i sold off mine,the rally commenced...

Abeg sell your Daar Com. make e rally too. Na beg I dey beg u.

sanerugwei:
This is very painful and lousy of them to do that.
Imagine saying your 18.5 was rejected because CBN rate was 18.69. What kind of useless explanation was that. Your bidded rate was obviously lower than CBN rate and should have been successful.
My thinking is that they forgot to put in your bid or someone is playing funny.

Try GTB or StanbicIBTC next time. If you have to move your account away, by all means do.
They should not be allowed to use their reggae to spoil your blues..

My broda thanks. I don't have an account with either gtb or stanbic. But I think its high time I opened one. Does Gtb alow one bid with hisbown rate?

olujaidi:
Follow up via customer service

My brother after your comment I followed up by calling diamond bank customercare. It turned out to be a waste of valueable airtime. After assuring me that they would investigate, they called back the next day to tell me that my 18.5% for 364days bid failed because the CBN rate was 18.69. I rejected that explanation and insisted that it was the more reason why my bid should have gone through. They just sent me a text later on to say my complaint has been reviewed and closed, whatever that means. I am not happy with them at all. I had already mapped out what to do with the interest. Just searching for a new bank that would alow me bid with my own rate. I wil just vlose my diamond bank account. Their fuckup these days is becoming too much.

ihedioramma:
forget about that . As oil is going up now, if oando pay up and they use the money for other business and make more profit . Keep this post well FBNH will pay more than #0.20kobo .

So you think oando will just pay everything at once even if they have the money? My broda the loan is structured they will only pay the part that is due, depending on whether their arrangement is for monthly or quarterly or even yearly payments. Mind you oando has many projects and capital issues to deal with.
FBNH has bigger debtors than even the oando. Atlantic oil and AITEO are their major debtors and reason for high NPL.

ihedioramma:
ok thats good . but fbnh may pay #1 dividend with bonus shares . for example if you buy fbnh now at #3.42 and it get to #5+ in two weeks or a month the profit there is more than what uba and ucap will pay you as dividend if you sell @5+, the two stocks dividend can't get to #1 .

If you listened to FBNH conference call you would have known that they will not pay more than 20kobo dividend. They said their banking arm will continue to retain there profit, meaning that dividends would only come from insurance and other minor businesses.

leo1234:
Just after selling my fbn @ 3.15 on Monday at a loss
Anyway I will use the money for a better deal. This NSE don tire me
Still keeping my uba and ucap.

lol. What of me that bought huge in oando @ N4.70 two days back only for the stock to start falling the next day ie. yesterday. I kw of someone that bought the same FBNH at 6 and has not sold. He told me he would only sell at 10. And you bet it might just get their someday.

spicytayomic:
Can someone please help me with Morgan Capital phone number apart from the following numbers 08107596134, 013429613, 014540114.
I made a request for my fund and yet to get a response from Morgan. Not even an acknowledgement of mail.

I doubt if they will help you. The last time I made such a request they said I should read from the beginning of the thread.

I am still wondering what happened to my 18.5% bid for 364days with diamond bank. They never debited and have no reply for me. Something I submitted a week earlier than auction. But their staff told me he submitted it to head office on monday before the wednesday auction, despite the fact that I submitted my application the thursday of the previous week. Don't know if that's why it didn't sail.

sanerugwei:
They will surely credit you today or next cause your bid was within limit. So do not fret.

Ameeeeen. I can't imagine waiting anothrer two weeks. Xmas preps suppose done start.

Jesusbabygirl:
The bank's rate...

No wonder. These bnks just want us to always follow their rates. Pls which bank alows customers the choice of their own rates?

Jesusbabygirl:
First bank has credited my account with interest...

Did you go wth their rate or you had you oen rate?

FIDELITY24:
my bid with diamond bank was successful... just received debit alert.

I did with diamond bank too 18.5% for one year. No alert yet o. What rate did you bid?

OBAGADAFFI:
That information has been posted many times here on NSEMPA, just search for it.

In other words, YOU DON'T KNOW. Pls does anyone have another of their contacts. Customer care is not picking.

Pls hw can I get the contacts of any one in morgancapital. They have started acting again.

ozymes:
I have said it before that this forum is wayyyyy too quiet! Please what are the stop rates for today?

Auction na today abi na tomorrow? When I placed my bid I wrote auction of 01/12/2016.