₦airaland Forum

anjilgreat:
Wow!, What happened? You sold your stock at a loss?

einsteine:
What do you consider fair price for the dollar?

If you think it is 380, provide as much dollar at that price and I will find you all the Naira you want.

As usual, you are allowing your desires speak as opposed to the situation on ground. A higher oil price may increase the reserves but it does not improve confidence in the Naira which is what is responsible for the continuous fall of the Naira.

People do not have confidence in the management of the economy and in the currency. Even at $100 per barrel, the Naira would still come under speculative pressure as more people continue to prefer to hold HARD currency and digital currencies with relative scarcity and deflation (Ether, BTC).

Your failure to understand this is rooted in the fact that your preference is for a strong Naira. Let go of your bias and analyze objectively

Kelvinhunta:
Am willing to pay school fees. Please how do I do so

locodemy:
Buy mcy56.
Sharp sharp

talk2tonie:
Poor portfolio analysis.

talk2tonie:
Morgan capital trading platform is very terrible. Not good for a newbie. I use them only to play around stocks.

Lazyyouth4u:
No long term bond today will yield 20% annually for 43 years. Even with compounding, there is no way 10k can turn to USD24m in 40 years. It is impossible.

Lazyyouth4u:
It’s not that easy to just ramp up and produce an additional 650k bpd. It takes years and lots of cash investments and buy-in from oil majors.

ChybuzzDD:
This is a very stupid statement. There won't be any war in the middle east, you selfish Nigerian. OPEC is not giving the quotas based on population. If you like, don't start preaching in favour of birth control. Continue giving births indiscriminately until you hit 1billion so that OPEC will allocate 500M bpd to you. You should be happy those countries agreed to stick to their various quotas, despite the fact they can still live very well if crude crashes to below $30 pb. Can Nigeria survive if it sells at below $30, which is what you'll get when those countries decide to go against OPEC and start producing in full capacity? To an average Nigerian, the whole world is conspiring against us.

Lazyyouth4u:
Nigeria spent around USD10bn to export refined products last year. Dangote will help Nigeria save that USD10bn. But nobody is thinking about the fact that Nigeria will also forgo close to USD10bn if it sells 650,000 bpd of oil to Dangote every year at around USD45 per barrel

TransAtlanticEx:
Yes it is.
But it is only because of exchange rate fluctuations now.
If rice persist at this price,watch how people will switch to pasta,garri,wheat and other things.
It has always been about the price bros.
Let's be honest,semo and garri,which is better and tastier to eat?
I guess semo abi?
Why don't people eat as much of it like garri?price.

TransAtlanticEx:
Rice is cheap,that's why.

Lazyyouth4u:
Due diligence to buy a bag of rice? Very soon we will be doing DD to buy yam. This country sef

Grupo:
I want to venture into stocks. Is there a thread here on nairaland where I can learn the basics?

maishai:
I was so shocked at the rate of Naira today, Naira now exchanges for about #470, ........................ Seriously If one does not cash out at 100% profit, I guess one is running at real loss, especially when one has held for 2 years prior........when dollar enters this market, CIRCUIT BREAKER will trip every hour

Jochez15:
Please which value is used as risk free rate of return for NSE

onegentleguy:
I knew u will want to carry GSK in ur head. …but as I told u then, u will not see what I see in that coy.
It will probably be too deep for u. …because u would only draw ur judgement from the surface, with indicators like Groses, nets, PEG, PE, EPS, ROE, ROA, NAV, Cash stand etc.
But Extreme fundamentals have gone past that stage. ..as it takes into consideration, several inputs that looks at the overall health of a coy, value accretion and feasible reward discounting risk !!

Let me give u a small hint:
Go and read about coys with –EV/negative enterprise value, CGPR, AER and how value can be taped from looking at the financial print of a company as a collective. …the only exception to this rule(where its not applicable) are coys in the financial services sector.(banks and insurance coys) There are other very powerful indicators though.

I’ll say it again; unless u have a broad knowledge of extreme fundamentals(FA), u can not see what I see in GSK !! …Its very similar to what I saw in NEIMETH before it delivered over 650% ROI.

If u still have doubt on GSK, then lets do a bet in the 7 digit figure(N1M and above), and I’ll put out an in-depth and comprehensive analysis here to show u why it is no doubt, grossly undervalued.
I would’ve just put it up, but I will be given out a few of my FA tips using one of my models. …so I need to be sure that I can make something off it. So that next time, u will stop been a doubting Thomas.

I am waiting bro !!

As I’ve always said in times past, I like it when folks like u have doubt. …but for anything, it helps better my bargaining power over strategic positioning. I am presently on the queue to acquire more GSK, and I will acquire even more. Na make my Oga pay me my minimum wage for last month 1st.
btw, I don't think u understand the melody that's been played in GSK.

Regards

TransAtlanticEx:
Is that why you had to pose with someone's grandmama's asoebi
So Eric worre said it's normal for a 35yr+ man to pose with their grandma's obituary cloth as their christmas cloth?
You for tell Eric Worre to try buy you cloth atleast na,so thatwhen you dey represent him,people fit give you audience.
Because anybody weh see you pose with obituary jumper like this go think say you don craze ooo..
Pig.

bigjay01:
They'll all be shouting oversold

arduino:
I jumped into Dangcem today at 200 as nothing dey available again to buy. Make this bull just carry reach N250 for me

4tunebest:
Thought about this yesterday. Had to go through Rabbi's recent posts on his profile to have an idea.
Oga Rabbi, we need your expertise here. When should we run?

husu:
All these green horns analysing stocks. Zenith was sold for 66naira per share in 2008

ositadima1:
As for FBNH, the current pattern looks like an ABC (not sure if it is a zigzag or flat but definitely not a triangle) . Ok, so I overlapped the Fibonacci for the Internal retracement (0.382, 0.5, 0.618, 0.786), External retracement (1.272, 1.618, 2.618) and 3 point projection (0.618, 1, 1.618).

I found this price zones as high probability targets for wave C

Zone 1 : 8.46 to 9.12 (about 56% gain from current price)
OR
Zone 2 : 9.74 to 10.28(about 80% gain from current price)

Mind you, this values will take about 4 to 5 months to attain. Very possible gamble for midterm players.

Again do ur DD i may be very wrong.

Note, after point C a major price reversal usually occurs.