₦airaland Forum

The influence of US and Russia on OPEC is too strong.

I believe the Saudis are US mole in OPEC, they seems to agree with US on everything.

dipoolowoo:
SEC Clarifies Ban on Gifts Sharing at AGMs
https://businesspost.ng/economy/sec-clarifies-ban-on-gifts-sharing-at-agms/

No more hamper @AGM

emmanuelewumi:
Pfizer left Nigeria many years ago, management bought the holdings of the core investors through a Management Buyout and then changed the name to Neimeth

Oh, Neimeth took over Pfizer operation in Nigeria.

Thanks

TraDeRR:

Interesting.

Is Pfizer still in Nigeria?

I learnt they had a deal with GSK

https://punchng.com/gsk-pfizer-to-merge-consumer-healthcare-units/

gabscity:
Boss, i think Honyflour is the bear in itself. The price has been down for a while and cash is trapped here. Lolz. But, FMN has been very resistant.

Yes, FMN

RabbiDoracle:
Food, drinks, banks, FMCG, Telecos.

People will drown themselves in beer highness to reduce coro panic.

You must eat and stock up anything. So more sales for the food companies. Same with FMCG that a member mentioned here. You must keep lots of toothpaste, soap, cleaning substances. While others are not making it, these companies will make it.

And above all, you need to be swiping in stores to buy things. So you must spend the one you have in thd bank. Banks are still in business in this time.

Ha, now i see why HONEYWELL and FMN has been resisting the bears.

RabbiDoracle:
Contrarian approach.

If you see the rate at which they are buying Schweppes Tonic all around the world eh.... You go fear. Because they read it has Quinine. So instead of swallow chloroquine, they drink Schweppes Tonic.

Now I can't make my gin-tonic because there is no tonic. I'm just stuck with my gin.

Soon dem go start with Orijin, Stout because e bitter like quinine

In all these covid 19 issues, all I just focus on is which company is making the money and you buy their stocks low. Expect extraordinary sales from food processors.

People who go to shelves to buy food don't look at brand names anymore. They grab what they see.

Can we add pharmaceuticals to the list?

stcool:
I have been saying it since last week. If you are yet to enter the market. Keep your CASH.

Things will get worst before normalcy returns. NSE is worst as CBN won't inject a penny. This is not FED!

The Govt is even recalling money from IMF...tells you the Govt is struggling with cash.

Next earning season is March 2021...tomorrow you see same people shouting, had I known!

Winter is here

Lockdown might be extended .

Cash is the king.

stcool:
Q1 and Q2 results will be bad...stop hoping!

Even the banks will take a hit...most loans will default. Especially petroleum marketers and other manufacturers that are sitting on huge loans and businesses are yet to restart

I don't see much profit coming from Coy on the NSE for 2020. With Lockdown extension things could kick start in Q3-Q4

Hopefully Q4.

The Federal Inland Revenue Service (FIRS ) has collected the sum of N338.1 billion revenue for January 2020 as against N620.2 billion tax target for the month.

https://www.vanguardngr.com/2020/03/firs-collects-n338-1bn-revenue-in-january/

March and April will be bad

Mcy56:
NorthEastern you get bad mouth o!
You should have corrected him since you know better.
I wonder how many insults I /some of us would have received from OGG and few ogas here if they were like you, but they correct instead.
If I have kid brother that addresses people the way you do, I for dey beat non.sen.se out of his body ni. Lol.
Dear, learn how to address people properly, it can only do you good.

Mcy56 don't bother about NorthEastern, i am used to guys gbas! gbos! here.

Even Ugodre (nairametrics) won't say Kalu Aja is not an authority in finance.

Everything he said here is correct.
Bond= borrow
Leverage= Borrow
Short= sell
Long= buy
Quantitative Easing=Buy
Stimulus=spend
Shares=own
TBills=borrow short term
CD=lend to bank

Northeastern:
Oga, the message is what I am debating.

I just checked the messenger and can conclude that he is not an authority in finance. That is someone with a disjointed career financial services. No one will pay him a dime for investment advice.

If you call that one an authority in finance, what will you call the MIT alum that is a regular on this thread? I know many other guys here that Kalu does not compare to professionally and otherwise. So, how did he become an authority?

https://www.linkedin.com/in/kalu-aja-553a51


Nobody is in competition here, we are just sharing ideas.

Northeastern:
So Twitter is now the new authority of finance/economics lexicon. Go to investopedia and look up the specific meanings of those words and see how poor a job you did in rushing to make this post.

You qualified tbills with short term borrowing, but left bond and leverage.

How can qe be a buy and stimulus be a sell? Are you not aware that qe is a form of stimulus?

The SCO is an oil etf that profits from fall in oil prices. How would you describe a long position in the etf vis-à-vis oil prices?

Many of the words here are rarely used in the Nigerian market and nobody takes the posts here seriously else what you have done is not different from touting a wrong prescription as cure for an ailment.

Kalu Aja is an Authority in Finance.

You can debate the Massage, but don't throw away the messenger.

From Twitter friend.

There is nothing new in economics or finance..it's just how its said..

It's made to sound sophisticated so you can be charged a fee

Bond= borrow
Leverage= Borrow
Short= sell
Long= buy
Quantitative Easing=Buy
Stimulus=spend
Shares=own
TBills=borrow short term
CD=lend to bank

Lovinwa:
Thank you Mcy56, I appreciate.

I registered my displeasure through calls and mails. All they know how to do is to acknowledge my requests. Though they treated my requests last week but nothing this week for three days.

I use United Capital. I requested for their online platform and they told me to fill update forms as they claim not to have my email address with them ( same mail they send daily market updates to o).

I'm yet to send the forms as I recently did name change. I will try and get necessary documents as the surname on BVN has changed and send to them to show evidence of name change on Tuesday so that they can creat me on their online platform. Thank you dear

I also use investnow.ng(United Capital), their online process is simple if you have completed your KYC.

Just go to https://investnow.ng/, and have a chat with the customer service representative.

seyisanya:
How many people who bought at this price still have it in their portfolio? Very few. Most that bought at this bargain price have jijo'd with it when oga Agba announced his exit. . Like sir Oracle stated yesterday, the wealth transfer has already happened!

Let me ask you, if you buy @10 and sell @12, what will your profits, minus brokage fees.


Well I still have it in my portfolio.

4 year dividend will cover the cost.

I learnt some freshers wants to start JIJO, you are gifting Stockbroker your money.

If got Zenith @ N10 don't JIJO with it o.

ZikkyChops:
Meme

That is Peter's trademark.

copyright-protected

lexy2lexy:
Please which website is the best to monitor live transactions in NSE? Do I need to register

You don't need to register.


https://leadtraderng.com/security-overview/

onegentleguy:
Like I said; the matter is a very minor one.
...It will be resolved in earnest !!

CAVERTON remains a strong BUY. ...in fact, accumulate !!

It is well.

I agree

sellydion:
Dangsugar on full bid too

Results loading

emmanuelewumi:
Not only Caverton. Did you read the report from caverton. About 4 operators were given permission by the ministry of Aviation and NCAA. They are under essential services

Yes i noticed that.

maishai:
f
Imagine, Amechi not helping matters and coming back home.........This gives credence to d tune that Caverton is heavily supported by guys in current administration........

Yes,

The VP helicopter that crash is from Caverton.

Apart from Amechi, I learnt Caverton Choppers are still moving Oil workers from Rig locations.

onegentleguy:
OFFICIAL STATEMENT FROM CAVERTON GROUP...

“At the start of the COVID-19 lockdown, we received a letter from our client stating that they have been given approval/ exemption to fly and continue operations.
We (Caverton along with three other companies) also received approval from the Minister of Aviation to fly only essential services, mainly in the Oil and Gas industry”.

“Lastly, we got another approval from the Nigeria Civil Aviation Authority (NCAA) to fly for this same oil and gas sector. We have been flying along with these guidelines for the past seven days”.

“Today, we were informed that the Governor of Rivers State, Mr Nyesom Wike was coming to address the operators in Port Harcourt and our people waited. But on arriving, the governor directed two of our pilots to be taken to CID where they were told to write statements".

“Despite all pleas by our lawyers who showed all the relevant documents, they were taken to the magistrate court and charged. At the court, our lawyers also presented all the documentations approving us to fly by the federal government but the case was closed and the pilots have been remanded in Port Harcourt prison till the 19th May.”

“We appeal to the federal government to urge the Rivers State government to release our pilots who violated no law and are being unduly punished for reasons we still do not understand.”

https://www.vanguardngr.com/2020/04/breaking-caverton-appeals-to-fg-to-prevail-on-wike-to-release-its-detained-pilots/

It was just as expected.
Like I said before; this is a very minor matter. ...so there's absolutely NO need to fret.
It will be sorted out.

Selah

cc: @DeRuggedProf

Wike want his 1 Billion.

He is Angry that people are still doing business in oil rich Rivers, while others Lagos with no business is getting the billions.

I just got Continental reinsurance "Cash consideration" payment.

I thought they cancelled the deal.

What happened.

Guys, subsidy has been totally removed.


Downstream sector players will be waiting for Post COVID-19 strategy.

https://nairametrics.com/2020/04/07/fg-abolishes-fuel-subsidy-regime-as-full-deregulation-sets-in/

http://www.nse.com.ng/Financial_NewsDocs/29575_NEM_INSURANCE_PLC._CORPORATE_ACTIONS_APRIL_2020.pdf

dividends will be paid
electronically to shareholders whose names appear on the Register of Members as at
Thursday, 30th of April 2020

Intendy:
Stocks with new 52 week lows

NB #22.00k

Lafarge #8.95k

Stock with new 52 week highs

Uniondac #0.28k

Some people held on Lafarge @%30 gain till the current price.

pluto09:
Yes, I agree there is money to be made in those stocks but people should not expect something tangible from them.

Ride on the sentiment, make your money and run.

Now you get it

pluto09:
It is their financial results that will tell if they are doing well or not.
Bad companies have also been known to enjoy good capital appreciation for a season.

Oga, Capital appreciation is what i am looking fro this season.

Will you keep holding Zenith @ %100.

Some held on to Zenith from N23 to Currenprice

pluto09:
I hope many are not following audio money into pharmaceutical.
Banks especially the GUZ are still the sure bet.

GSK - %12.61

May - %6.53