So, you may call them whatever derogatory label your liberal mind can conjure, but this man gets close to explaining why Trump voters voted for him, but which the media would not tell you. Not that they knew or bothered to find out anyway.
DropShot: You should be knowledgeable enough to know the meaning of "we all". @topic, Only the genuinely ignorant ones and those blinded by hatred, bigotry and ethnicity will dispute the fact that high crude price was the only reason GEJ was able to record any growth.
The moment oil price crashed to $75 pb, they started borrowing money to pay workers salaries.
And how much was the oil prices during OBJ regime.
Igboid: Clinton's ties to Gilbert Chagoury, a prominent Nigerian businessman and Clinton Foundation supporter, have prompted at least one member of Congress to question the motives behind her decision not to slap Boko Haram with a Foreign Terrorist Organization classification.
Sen. David Vitter, R-La., wrote a letter to Kerry in March asking the State Department to turn over emails in which Clinton discussed Boko Haram.
"[G]iven the drastic foothold Boko Haram was allowed to gain prior to being designated an FTO, the nexus between the Department's decision against designating Boko Haram as an FTO and connections to outside groups should be brought forward," Vitter wrote.
Vitter questioned whether the Clinton's relationship with Chagoury influenced her decision against labeling Boko Haram a terrorist group.
He noted Bill Clinton had participated in events with Chagoury while his wife was secretary of state, and that the Nigerian land developer had "previously agreed to a $66 million plea deal during international investigation into corruption charges against him."
fxuser: yes ohh very hard to mop without causing a price movement cant blame the holders , shaking them out of position is a tough I like fcmb (or most banks) for the liquidity , u can mop & dump a million units plus no shakes
FCMB . . - wont sit in one place ! touching 1.01 for barely a few seconds yesterday - u wud notice it opens lower each day and closes below prev day close #bearish move - we de wait at N1
ndcide: People will surely get over this Trump issue.
Meanwhile, those ladies on Nigeria info Fm Lagos, morning talk show, should stop being unnecessarily emotional about the victory of Trump and get to their lives.
Especially that Tolu, with her ITK and her ihavebeento attitude.
trexlewis: gibberish, where is my account name and account number in the nonsense you posted? That is the question now how is cbn going to find out I did a transaction on MMM without my login details.
They don't need your login details
Didn't you see the hosting servers address.
All your information and bank accounts details are inside that server.
Any good government hackers can RIP that site and download the whole site to another computer.
The Deputy President of the Senate, Senator Ike Ekweremadu, who raised a point of order when the lawmakers began to treat the bills during Wednesday’s plenary, pointed out that the Senate lacked the powers to deal with matters that are on the Concurrent List, except on the Exclusive List.
Godisfaithful: Sir, from NSE perspective, Morgan Capital had been cautioned since July 28th 2016 on Rule 17.16 (b) but they never adhere to it. They see it long coming. I'm very very sorry for those being hurt by this. God will restore back what had been lost and restore our market back to a platform of comfort. It is very unfortunate indeed!
Rule 17.16 (b) (formerly Article 104A, Amendments and Additions Part I) - Churning; Fictitious or Deceptive Trading Patterns
This means they might be trading through proxies.
Some corrupt politicians might be laundering money through Morgan Capital.
debeey87: Brethren in the Lord like Pastor Ihedi will say, I greet from the other side of the Niger today. To all the Morgan faithfuls, I've got some news. It's true that Morgan was suspended by NSE as that was the confirmation I got from SEC this morning http://nse.com.ng/dealing-members-site/BrokerTraX/Other%20Regulatory%20Sanctions.pdf . Their name is the last on the list
Anyone with links to call NSE can upload, I can give them a call and get back to the huz. The numbers on their website isn't working.
You can visit the SEC stand at the on going Lagos international trade TBS.
Headwinds weigh on earnings forecast Cadbury Nigeria’s (Cadbury) Q3 2016 sales beat our forecast by 15.5%. In addition to base effects, our channel checks indicate that the company likely gained some share following price increases by close competitor Nestle for its Milo product during the quarter.
However, the company recorded losses compared with our forecast of profits as a result of significant gross margin contraction. Cadbury, like most consumer goods firms, is yet to overcome the negative impact of macro headwinds. The continued devaluation of the naira which moved further down to c. N305/US$ as of end-September (having fallen to N280/US$ as of end-June from N199/US$) weighed.
Production inputs such as sugar and milk are mostly imported. While sugar prices increased by 11.1% in Q3 (40.4% ytd), dairy prices rose by 11.3% (17.8% ytd) during the quarter. The impact of the reduction in gross margin neutralised the effect of cost savings the company has been able to achieve this year.
Operating expenses have declined y/y every quarter in 2016 to average -15.0%. On the back of the results, we have cut our 2016-17E EPS forecasts by 76% on average, and reduced our price target by 10.0% to N13.2 (implying a potential upside of 2.2%).
Cadbury shares are currently trading on a 2016E P/E multiple of 157.1x for EPS growth of 25.5% in 2017E. Although valuation is demanding, the cut to our price target is modest as we expect the company’s fundamentals to improve in the long term. The stock has shed -24.5% ytd (vs NSE ASI: -5.8%). We rate Cadbury Underperform.
Q3 2016 results recap Cadbury’s Q3 2016 results showed that while sales of N7.4bn grew by 6.8% y/y due to base effects, the company recorded pre and post-tax losses of –N1.1bn and –N989m respectively.
The losses were driven by a gross margin contraction of -2,709bps y/y to 5.8%, offsetting a -22.3% y/y decline in opex to N1.5bn. On a q/q basis, sales were up 9.0% q/q while the pre and post-tax losses mirrored, although to a greater magnitude, the –N477m and –N526m losses on the PBT and PAT lines in the prior quarter. Moving on to the 9M 2016 numbers, sales grew marginally by 1.2% y/y to N21.3bn.
However, the company recorded losses before and after tax of -N842m. Although opex declined by -14.5% y/y to N5.5bn, a -939bp y/y contraction in gross margin to 21.0% had a more significant impact on profits.