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 Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 9:58am On Oct 11, 2014 |
Charlesnerd:All you have stated above is correct. On a broader note, the introduction of the 33.3% cap on T2 capital is the game changer here. It means your numerator will reduce and hence a lower ratio. The focus here is on T1 capital since it is devoid of manipulation, at least to some extent. Imagine issuing a convertible debt and you are allowed to use it 100% in calculating the CAR. See here for the omponents of T1C http://www.cenbank.org/out/2013/bsd/2guidance%20notes%20on%20regulatory%20capital.pdf |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 3:09pm On Oct 10, 2014 |
passwelle:My oga, good day. There was nothing wrong with the movement in the price of both stocks today. Maybe you should present your concern in figures so I can explain. For the records, the previous close of 7up was 147.73, the ref price at today's session was 155.11. Though the stock traded at a high of 162.86 during the continuous trading session, the trading band for the day was between 147.35 and 162.86 - 5% down and up the ref price. For UBCAP, it has a previous close of 2.15, ref price today was unchanged at 2.15, and the trading band was between 2.05 and 2.15 - 5% down and up the ref price. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 8:52pm On Sep 28, 2014 |
mercylicious: What exactly is capital base requirement of stock houses?It simply means your shareholders fund should be at least the required minimum amount. In the case of banks that is at least 25billion naira, when you net off liabilities from the total assets, you should have a net assets or SHF of at least 25billion naira always. What it tells is that the shareholders committed that amount to the business. Imagine stockbroking firms having billionaire clients with a biz that the owners only committed 70 million naira. I hope skye will fly sky high soon. 2 Likes |
| Business › Re: Football Betting Season 8...AGE!!! by omaojo1: 1:52pm On Sep 28, 2014 |
BroJ: BOOOOOOOOOM!!!!!!Oga, na small pikin rant be all this one. It is this mentality that will never make you Nigerians see beyond your nose. Guys are looking for ward to hitting 100k and above in dollars and you are here boasting with this pure water money. Some people here can not descend low to post their winnings here, but trust me, there are big stakers here. Not this your 5 naira stake to win less than 7k dollars. As for the bolded, ignorace is indeed bliss. A member did better than that and humbly so. See his winnig from WH on the 23/12/13 here. https://www.nairaland.com/betbuddie/posts/1 Plus @ all, you may wish to look at Volleyball, FIVB international women. Mara priced Kazakhstan to win Thailand at 1.35, B365 at 1.25, WilliamHill at 1.3 and our very own Merrybet priced theirs at 7.4. Is there what they are seeing that others are not? 5 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:50pm On Sep 23, 2014 |
omaojo1: If Alibaba cannot become a Microsoft or Wal-Mart, I will regret it for the rest of my life - Jack MaAlibaba's IPO became the biggest ever at $25 billion, after the compay’s bankers exercised an option to boost the deal size by 15 percent. “Expectations for this company are sky high.” “The market seems to be using Alibaba as a proxy for the macroeconomy and consumer economy.” Today the financial market is not good, but the money is there - Jack Ma. Alibaba’s underwriters earned $300 million in fees, taking home 1.2 percent of the proceeds, according to a filing today. Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley each earned 15.7 percent of the fees, while Citigroup Inc.’s share represented 7.9 percent, the filing shows. Alibaba’s 28 other underwriters received 1 percent or less apiece. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:27pm On Sep 23, 2014 |
passwelle: I take it Oando is the bus? hahaha  2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:26pm On Sep 23, 2014 |
stokfrick: the problem i have with most peeps in ds foum is that if they r not in a particular hot bus and others r, they must find a way to water it down. that is how it happened in FO and today they r licking their wounds for not boardind dat bus. that is how dey analyse heaven and earth on smn, then if them analyse finish d market go do him mind. then them go begin dey reanalyse again from under! omaojo1: Last bullet: no one will be talking down a coy without reason. Forget emotion and ur bias and add 2 to 2 and see if you can get 22. Indirect interest is over 500million units and he is here spewing all this against himself. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:00pm On Sep 23, 2014 |
UkwuAmu: Now Oando is venturing into upstream, they need a lot of cash from what we can see from the financial statement yet they are giving away cash in form of dividends. We also hear they might also do a right sales to raise capital . Is everything going okay here?Bros, them don borrow that rights money since July. What they want to do now is to get the money and repay the lenders(that is what they are telling the lenders for now). It is actually a convertible debt they issued. I think they'll take the rights money and use it to meet other needs and leave those guys with no option but to convert. By the time all this transactions settle eh, OS in issue go near 20billion. Last bullet: no one will be talking down a coy without reason. Forget emotion and ur bias and add 2 to 2 and see if you can get 22. Indirect interest is over 500million units and he is here spewing all this against himself. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 3:45pm On Sep 23, 2014 |
Aks: @mpi210 - but you have google by your side even if you are not privy to the info. Btw- you can check this out http://businessdayonline.com/2014/09/forte-oil-aiteo-group-others-scramble-to-acquire-oandos-downstream-assets/#.VCGCQFekrxUOga, all this media propaganda no go work. Please don't fail to get today's Thisday, see page vii for aiteo's position. Amongst others, it stated that: -The Aiteo Group did not bid nor has it indicated any interest to bid for the OandoPlc downstream assets. -The Aiteo Group has no intent to purchase the said Oando downstream assets. The situation as it is is that there is only one interested party and the outcome is still probabilistic for now. 3 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 1:02pm On Sep 23, 2014 |
mpi210: Hmmmm!!!8,869,060,738. That is the OS that was used to reach an EPS of 1.23 using a profit of 8,980,014,000. #oandonoknowmaths |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 12:50pm On Sep 23, 2014 |
Mpeace: I'm begining to understand myjoy08's believe in oando, and I now see some sense in the believe that they may post a very impressive result(whenever they decide to) and even pay dividends. I just did a personal analysis of the whole COP deal, and my conclusion is that the whole sum spent in the purchase would not reflect in the profit and loss analysis. They may only appear in the liabilities column, and almost every company on the exchange do have liabilities(large or small). For instance, the sum borrowed from several financial institutions by FO and Transcorp to finance their power sector acquisitions did not reflect as losses in their results. Although there are outstanding payments to be made on the COP deal, the proceeds of the acquired company's buisness may just be used to defray the outstanding sum while that of the rights issue would go to the settlement of liabilities to financial institutions. I also think that the delays in releasing the result and the whole hide and seek game are justa n attemt at making investors to sell in frustration, while WT and friends mop up and accumulate more shares. Just an opinion(I might be wrong). omaojo1: This post only shows how ignorant you are when it comes to understanding the basics of a Balance Sheet and Income Statement. Keep living in fantasy island. Oma ya e lenu. Mpeace: I'll just reserve my comment, as only time(and WT) will tell. It will look like magic to many. Oga, I still stand by my earlier position irrespective of what you are shown in this market. There is always the true position and the position you outsiders are meant to see. Where have you seen a coy with an EPS of 23kobo paying 30kobo. Have you seen the qualification date for the 70kobo dividend? Expect the rights to come before that date. Did you see the current liabilities (borrowing) of 188bn of Dec'13 that reduced to 175bn in June'14. What is the definition of current liabilities again pls? I will say the same thing if I were in your shoes. But me I know the actual deal and will never be deluded. This our market is just a joke. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 12:37pm On Sep 22, 2014 |
Dexterax: I'm actually thinking these StanbicIBTC guys listed this ETF just to establish some market benchmark. We both appreciate that there'll be a flurry of market activities after the elections.The NSE 30 is what they will be tracking, so it is an established benchmark already. The total amount they are seeking to raise is 1 billion naira. Yes, they are expecting allocation by funds and retail investors, but it is what they can always provide and ask those 'dudes at BusinessDay' to report it as oversubscribed. I think they are taking after Vetiva. "If Vetiva can, why can't we? After all, we are the market leader". |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 11:52am On Sep 22, 2014 |
Dexterax: Alibaba came to the markets at the right time.That is it my Oga. The Stanbic IBTC ETF 30 readily comes to mind. Why should I be buying into the 30 most capitalized stocks on our bourse at this time? I will only buy into it after the general elections. And if you ask me, that is the time they should have come for listing. When I say after the general elections, I do not mean to say the elections will not be successful, it is that the guys in Aso Rock will not be needing our votes again and will therefore do the needful economically. This needful economic measures will all thing being equal, adverse to the stock market. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 10:32am On Sep 22, 2014 |
omaojo1: "There are very few companies that are this big, grow this fast, and are this profitable."Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent in its debut on Friday. That prompted underwriters to exercise an option to sell an additional 48 million shares, a source with direct knowledge of the deal said. The IPO surpassed the previous global record set by Agricultural Bank of China Ltd in 2010 when the bank raised $22.1 billion. Under the option, Alibaba agreed to sell 26.1 million additional shares and Yahoo Inc 18.3 million, netting the two companies an extra $1.8 billion and $1.2 billion respectively. Alibaba's Jack Ma agreed to sell an extra 2.7 million shares and company co-founder Joe Tsai agreed to sell 902,782 additional shares, according to the prospectus. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:49am On Sep 20, 2014 |
mercylicious: i dont understand how IPO'S work in nyse. ALIBABA gained today. it rose to abt $97 . I tot ipo price is fixed? sumbody plz explain.BABA was listed on Thursday at $68. BABA opened for trading on Friday at 92.7 and closed at $93.89. 15 years ago I only earned $15 a month, I think it will give a lot of people inspiration-Ma. 15 years ago I told people that if Jack Ma can be successful, 80% of people in China can be successful-Ma. One of the reasons that e-commerce in China grew faster than the U.S., is that it was so far behind-Ma. CEO Jack Ma says his hero is Forrest Gump and watches the movie regularly. Now what we are seeing is 200 million packages a day-Ma. Hehehe, this BABA is a mystery o. We hope in the next fifteen years, the world changes because of us, we want to be bigger than Wal-Mart, we want to learn from Wal-Mart, says Ma. Ma tells the story about his conversation with his wife 15 years ago: I asked my wife, do you want me to be rich or to be respected? She said of course a businessman will be respected, she did not expect me to be rich. Japan’s richest man, Softbank CEO, Masayoshi Son is a big investor in Alibaba, he says “we have lots of ideas and dreams and we will continue to own Alibaba.” - Masayoshi Son holds the distinction of losing the most money in history - approximately $70 billion during the dot com crash of 2000). #BABAmadejapan'srichestman #BABAmadechineserichestman 1 Like 1 Share |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:12am On Sep 20, 2014 |
Agbalowomeri: Don't u think it might follow the facebook fate?After pricing at $68 a share on Thursday night, Alibaba’s shares opened sharply higher on Friday and finished the day up 38 percent, at $93.89. To truly appreciate how enormous Alibaba is, consider that its market value is nearly as big as the market value of the entire American initial public offering market so far this year. At its offering price, Alibaba’s market value was about $168 billion. The combined market value of the other United States companies that have gone public this year is $180.5 billion, according to Standard & Poor’s Capital IQ, a research firm. Alibaba Group Holding Ltd. surpassed Facebook Inc. (FB) by market capitalization on its first day as a public company right from the minute it started trading and closed with a valuation of more than $231 billion. Alibaba’s public-market debut contrasts with Facebook’s May 2012 sale. Facebook, which was valued at $104 billion at its IPO, lost half that in the following months, and the stock took more than a year to close above its IPO price. While Alibaba has risks related to corporate governance and the Chinese government’s unpredictability, that hasn’t stopped investors. “There is much more of an ignorance-is-bliss attitude, there’s much more of a feeding frenzy where investors are afraid to miss out on the next big thing.” #BABAwaslisted@11,000naira #BABAclosedat15,000naira |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 5:17pm On Sep 19, 2014 |
Agbalowomeri: Who is boarding the 'BABA' trainWho else than the torch bearer? He will be leading other hunters. However, I can only join this train a week from today as that is when it will be available to be traded as a derivative instrument. #'BABA'israising3.5trillionnairainipo |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 5:09pm On Sep 19, 2014 |
"There are very few companies that are this big, grow this fast, and are this profitable." “What a change, going from a very modest equivalent of a garage to the other end of the scale in Midtown Manhattan in 15 years.” By selling shares at $68, Alibaba will hit the top end of that modified range(66-68), a sign of strong investor interest the most-anticipated public stock debut of the year and the largest in U.S. history. That title was previously held by Visa , which raised $17.9 billion in its 2008 offering. The Agricultural Bank of China holds the record for the largest global IPO ever after its $22.1 billion debut in 2010 on the Hong Kong Stock Exchange. The company’s initial public offering on the New York Stock Exchange will bring in a haul of some $21.8 billion — bigger than Facebook’s — and values Alibaba at $168 billion — four times more than Yahoo. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 4:31pm On Sep 18, 2014 |
nitrogen: Dear Sellydion, |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 3:47pm On Sep 18, 2014 |
Dexterax: NGN 13.67 in view. Dexterax: "Impossibility is nothing." dsonofmaan: You still have'nt said what exactly changed your mindReason: omaojo1: The unheard and invisible state Dexterax: I was never asked by anyone my oga. I was congratulated for my patience and long-suffering instead. 1 Like 1 Share |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 3:11pm On Sep 18, 2014 |
Dragonking: The market is really bleeding.Why not? After all, it is written in the holy book that to him that is joined to the living there is hope: a living dog is better than a dead lion. The unheard and invisible state is a malady of gargantuan proportion to say the least. However, there are tailwinds(like the one released by FO today) that will keep helping the price until the true state of affairs become public. Any investment here for me will be when it is beaten to levels unexpected with a target exit period of H2'15. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 1:28pm On Sep 18, 2014 |
Best bid on Oando seen at 23.91, currently trading at 24. "We respect Hong Kong's decision…. Hong Kong shouldn't change its principle for one company,"-Jack Ma on why Alibaba is not listed on the Hong Kong Exchange. #nsechangedtheruleforaccess |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 12:19pm On Sep 17, 2014 |
UBA seen below 7 naira, FTNCocoa seen at 51 kobo. The bull is back |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 3:14pm On Sep 15, 2014 |
passwelle: Confirmed. Up till 2.28pm, WAvg for FCMB was 4.00.Your head is there. I for show you another one but no need. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 11:51am On Sep 15, 2014 |
passwelle: My Oga, that is the official take. Did Diamond not do rights recently?The know what they are doing. That is why foreign investors will never take us serious. Dexterax: Bruv you see that highlighted word? Expand your set of meanings of it. Also consider that various members possess various voting rights.Was told they've borrowed the proceeds of the rights in advance already. As for the date of the rights, NO RESULT, NO RIGHTS. Aks: @Dexterax@omaojo1 - Bottom line is Due process was not followedYes, but with these guys, any process is due process so long as it doesn't run counter to their interest. 2 Likes |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 11:18am On Sep 15, 2014 |
Dexterax: It is clear that the next decade will see an increase in the business of financial engineering and the floating of cash shells (in good time, some cash shells will even be listed on the NSE!)This poster was referring to things like this. Expect more. Please when is the result of Oando coming out? That is the next in line. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 11:14am On Sep 15, 2014 |
Aks: @Omaojo1 - you no too well that it's coined in an official language But i've de-mystified the reason behind it. This is a right issue that has not been approved by shareholders and the last thing to do is coming first via suspension. You'll see more of these infractions when AIG finally assumed office as NSE presidentI was only submitting the official position. And for your info, it not because of any manipulation. There is nothing wrong in closing the price that way. CSL does it for FCMB, we do it for one coy, so go demystify further. The bottom line is that, these guys will always do what they want. When you say it is manipulation in the price, is it SEC or the NSE that will investigate them? Onyema and Oteh answer sir with pleasure before these guys. |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 11:07am On Sep 15, 2014 |
passwelle: My Oga, that is the official take. Did Diamond not do rights recently?It is this underground play by some powers that I was trying to point out to the other guy over the weekend and he was arguing amiss. This is daylight robbery to say the least. i hope it does not hold. I was telling someone on this forum the other day that this market is run by vested interest and it their interest that will always hold. Forget Onyema, Forget Arumah, what you have are not regulators that protect the interest of the unsuspecting investor on the street. 3 Likes 1 Share |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 10:46am On Sep 15, 2014 |
Aks: The suspension is as a result of insider trading/manipulations done on the share's price by some bad guys in past 10 days and has nothing to do with the rights issue perse. @Passwelle - you kept on monitoring the situation and informing us on this thread.It is a result of the rights sir. This is the message from the exchange. September 15, 2014 The Nigerian Stock Exchange Approves Technical Suspension of the Shares of Access Bank Plc The Nigerian Stock Exchange has granted anticipatory approval for the shares of Access Bank Plc (“the Bank”) to be placed on Technical Suspension. The approval follows the application made by the Bank to The Nigerian Stock Exchange. The Bank will hold an Extraordinary General Meeting on Monday, October 13, 2014 to seek its shareholders’ authorization for the Board of Directors to raise additional equity capital in the sum of up to NGN 68 billion by way of a Rights Issue. The Board believes that the Technical Suspension is in the overall interest of the Bank’s shareholders and will preserve shareholders’ value, on account of the proposed corporate action. The Technical Suspension will be lifted on January 27, 2015 and the normal trading activities will resume on January 28, 2015. Is this market not a joke? 4 Likes |
| Business › Re: Football Betting Season 8...AGE!!! by omaojo1: 9:06pm On Sep 13, 2014 |
edenhazard:Bhad bhoy |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by omaojo1: 9:02pm On Sep 13, 2014 |
Dexterax: It is clear that the next decade will see an increase in the business of financial engineering and the floating of cash shells (in good time, some cash shells will even be listed on the NSE!)The dimension and manner in which we are going about it is crazy to say the least. Even the guys at WS that taugth us the trade will be amazed of how good a-student we are. They'll even start coming to us for ideas Think about us teaching the guys at silicon valley what tech is. Our yeye de smell. 1 Like |
| Business › Re: Football Betting Season 8...AGE!!! by omaojo1: 8:50pm On Sep 13, 2014 |
edenhazard: [size=20pt]IT THE MADRID DERBY GUYS 11 cards and the match is yet to end. |
