₦airaland Forum

Born2berich:
@saibuhari @myjoy, any info on oando? The wait is getting strenuous as I don't wanna sell at a wrong time.

I said it from onset OANDO is strictly for long term idle fund and that we should should expect their 2014 F/Y and 2015 H/Y results in August.

Bear in July 31st will make it exactly 1yr their sealed the COP deal and whatever they are cooking will be ready by August 2015.

thorland:
I don't think that dude is a product of any educational system at all.

Yes that Pa iheodioara might even be a PHD holder.

Don't be deceive by his sense of humour. I suspects his Pa Migiet of SMN.

Krisuba:
Did i hear somebody saying oando result is ready. Abeg if na fifty kobo make them bring i go manage like dat!!

Expect OANDO result around august by then they would have finish cooking whatever they are cooking and as well the new government would have settle down.

davide470:
Have you all seen this!!!!

Par value now 0.01NGN (1kobo) as against 50kobo..

That's the game changer and the best news in the history of NSE.

http://www.forumspotz.net/see-list-of-46-bills-the-nigerian-senate-passed-yesterday/

Here are the 46 bills passed by the senate:

1. Tertiary Education Trust Fund (Establishment etc) Act (Amendment), 2015;

2. Office of the Nigerian Financial Ombudsman Bill;

3. Institute of Chartered Trustees of Nigeria Bill;

4. National Convicts and Criminal Records (Registry) Bill, 2015;

5. Community Service Bill;

6. People’s Bank of Nigeria Act (Repeal) Bill

7. Nigerian Bank for Commerce and Industry Act (Repeal).

8. National Commission for Rehabilitation Act (Repeal) Bill;

9. Maintenance Orders Act (Repeal) Bill, 2015;

10. Federal Saving Bank Act (Repeal) Bill 2015;

11. Loan (State Development) Act (Repeal), 2015;

12. Nigerians in Diaspora (Establishment) Commission, 2015;

13. Electronic Transactions Bill, 2015;

14. Chartered Institute of Statiscians of Nigeria, 2015

15. Nigerian Metallurgical Industry Bill, 2014,

16. Federal Audit Commission Bill, 2015,

17. National Centre for Agricultural Mechanisation Act (Amendment,) Bill,

18. Nigerian International Financial Centre (Establishment, etc) Bill,

19. Investment and Securities (Amendment) Bill

20. Nigerian Communications Satellite, Bill,

21. Federal Capital Territory Education Resources Centre (Establishment) Bill;

22. Labour Institutions (Establishment);

23. Witness Protection Programme Bill;

24. Institute of Mediators and Conciliators Bill;

25. Legal Education Act (Establishment) Bill;

26. National Health Insurance Commission Bill;

27. National Economic Intelligence Committee (Establishment) Act (Repeal) Bill.

28.Federal College Dental Technology and Therapy Bill,

29. Federal Capital Territory College of Nursing and Midwifery Bill,

30. Oaths Act (Amendment) Bill,

31. Federal Capital Territory Hospital Management Board (Establishment) Bill,

32. Passport (Miscellaneous Provisions) (Amendment) Bill,

33. Chartered Institute of Management Accounts of Nigeria

34. Federal Capital Territory Water Board (Establishment) Bill,

35. Institute of Local Government and Public Administration Bill,

36. Whistle-blower Protection Bill,

37. Family Economic Advancement Programme (Establishment, etc) 2015,

38. Family Support Trust Fund Act (Repeal) Bill,

39. Nigerian Industrial Development Bank (Guarantee) Act (Repeal) Bill,

40. Treasury Management Bill 2015;

41. Legislative Powers and Privileges Act (Repeal and Re-Enactment) Bill,

42. Anti-Torture Bill, 2015;

43. Lobbyist (Registration and Regulation) Bill,

44. National Hospital for Women and Children, Abuja (Establishment, etc) Act (Amendment) Bill,

45. Nigerian Prisons Act CAP, P29 LFN 2004 (Repeal and Re-Enactment) Bill 2015 and

46. Nigerian Oil and Gas Industry Content Act 2010 (Amendment) Bill 2015.

angelo82:
If you have been following the stock market very well for the past 7yrs now,you will understand this weird movement is mostly for round tripping of returns aimed at looting the gullible ones............They will go down,come up,go down again,come up and so on and so forth until they dry the liquidity from the market but sometimes they can fail as well due to positive information flowing into the market.................The dynamics can change.........

Now you re begining to get the drift and that was the reason i said don't invest what you can't afford to lose.

So that when your fund is gone you can easily recoup and come back with the experience you've gained.

Believe it or not STOCK MARKET is one of the most organised gambling platform and your chances of making profits is 10/90

Dont buy the faces people come here to make bcuz all of them has lost huge fund at one time or the other.

So Newbies beware.

Moneysage:
If you like call it HYPOCRISY, if you like call it HOLIER THAN GOD; the fact remains that people should not wash their dirty linen in the public. When they do so and they get bashed heavily (like Bash Ali), that doesn't mean their bashers don't have dirty linen.

Someone said something 'funny' and you're giving him 'thumb'. Does the corrupt nature of OBJ, Tinubu... mean that 99% of Nigerians are like that? Does that mean we should tolerate 'dirty linens' on NSEMPA? Did you ask yourself why the moniker deleted his post?

No wonder someone said: "Welcome to Nigeria where stupidity and mediocrity are celebrated"

#Lordhavemercy

I don't like joining issues or blowing my trumpet but for clarity sake. God bears me witness on August 22nd 2013.

That i was among those that got a certificate of appreciation from the COMMUNITY DEVELOPMENT AUTHORITY (CDA) its an organisation under Dubai govt.

That being said till we deal decisively with the issue of HYPOCRISY i don't see Nigeria moving forward. thank you.

Agbalowomeri:
Did u return it?

Good question, and the more reason I went with Cadno's submission.

PETERiCHY:
Yes cash is king till 22nd of this month and thank God the doubting thomases are now seeing the effect of "Sell in May and Go away"

As Oga B2R and coy no gree the price reach #15k for me leverage very very well I kuku loaded OANDO on Friday @ #17:75k.

Now my total average cost is down to #20:50. after 11months of waiting though dey gave us #1 dividend last yr to buy Kulikuli

angelo82:
If you have fresh 15Million Naira to inject into your portfolio,what stock in the manufacturing sector do you think can deliver at least 12-15% monthly?.........

First and foremost for your health benefit don't play the market with an amount you can't afford to lose.

Betterstill invest 90% of that fund in property and reserve 10% for this certified gambling business.

If you know your way that 10% can give you a whooping1000% in the nearest future while on the other hand the property will be laying the slow and steady golden eggs for you.

Abeg dont let the SPiRiT of Stock Market blindfold. Many have gone.

I rest my case.

lancee:
skye bank on bid.. NSE

Its all part of the manipulations. The more you look the less you see, Better stay away from banking stocks till after MPC next week.

9free:
Are you from Otuoke in Bayelsa? In GEJ voice: Stealing isn't Corruption!

@Cadno even though i don't condole evil but I will give you a thumb for atleast being sincere.

One of the main problem that becloud our society from moving forward is HYPOCRISY.

OBJ, Tinubu, Buhari, Sanusi, Amechi, Oby Ezikwesili and coys are all shouting GEJ is corrupt! GEJ is corrupt!!

The same Oby Ezekwesili was ask by interviewer in London if Obasanjo regime was corrupt she couldn't come up with a straight answer.

Sanusi on the other hand has been claiming money was missing in NNPC while he's yet to challenge the fraudulent charges that lead to his dismissal as CBN boss instead he was busy seeking for court injuction to stop his prosecution.

OBJ, Tinubu, Buhari, Oby Ezikwesili and coy are all shouting GEJ is corrupt! GEJ is corrupt!!

Somebody gave his opinion and you all shouted him down claiming to be holier than God

While Im quite sure that less than 1% of Nigerians Will ever think of returning such amount if it was in their care.

Plz tell can somebody tell me any of our past president that is not corrupt?

Sokijosh:
sir, it is not a joke. Cash is king and am positioning for a major kill.

Yes cash is king till 22nd of this month and thank God the doubting thomases are now seeing the effect of "Sell in May and Go away"

cadno:
OandO !!!,,...

I repeat dnt put yourself on the high jump. if you buy OANDO above #15naira u re on ur own. forget all their abracatabra.

I will advice you keep half of fund for jijo and the other for longtime incase they decide to fly.

With this strategy you will be paying urself dividend and at the same time, you won't miss out on the big fry.

Else tomorrow let's hear someone come here to blame Oga Wale for result delay or whatever.

Disclosure:I ve paid myself dividend on 2 occasion this yr alone.

FOOD FOR THOUGHT

Gaddafi's Last Speech.

For 40 years, or was it longer, I can't remember, I did all I could to give people houses, hospitals, schools, and when they were hungry, I gave them food. I even made Benghazi into farmland from the desert,

I stood up to attacks from that cowboy Ronald Reagan, when he killed my adopted orphaned daughter, he was trying to kill me, instead he killed that poor innocent child. Then I helped my brothers and sisters in Africa with money for the African Union.

I did all I could to help people Understand the concept of real democracy, where people's committees ran our country. But that was never enough, as some told me, even people who had 10 room homes, new suits and furniture, were never satisfied, as selfish as they were they wanted more.

They told Americans and other visitors, that they needed "democracy" and "freedom" never realizing it was a cut throat system, where the biggest dog eats the rest, but they were enchanted with those words, never realizing that in America, there was no free medicine, no free hospitals, no free housing, no free education and no free food, except when people had to beg or go to long lines to get soup.

No, no matter what I did, it was never enough for some, but for others, they knew I was the son of Gamal Abdel Nasser, the only true leader we've had since Salah-al-Deen, when he claimed the Suez Canal for his people, as I claimed Libya, for my people, it was his footsteps I tried to follow, to keep my people free from colonial domination - from thieves who would steal from us.

Now, I am under attack by the biggest force in military history, my little African son, Obama wants to kill me, to take away the freedom of our country, to take away our free housing, our free medicine, our free education, our free food, and replace it with American style thievery, called "capitalism" ,but all of us in the Third World know what that means, it means corporations run the countries, run the world, and the people suffer.

So, there is no alternative for me, I must make my stand, and if Allah wishes, I shall die by following His path, the path that has made our country rich with farmland, with food and health, and even allowed us to help our African and Arab brothers and sisters.

I do not wish to die, but if it comes to that, to save this land, my people, all the thousands who are all my children, then so be it.
Let this testament be my voice to the world, that I stood up to crusader attacks of NATO, stood up to cruelty, stood up to betrayal, stood up to the West and its colonialist ambitions, and that I stood with my African brothers, my true Arab and Muslim brothers, as a beacon of light.

When others were building castles, I lived in a modest house, and in a tent. I never forgot my youth in Sirte, I did not spend our national treasury foolishly, and like Salah-al-Deen, our great Muslim leader, who rescued Jerusalem for Islam, I took little for myself...

In the West, some have called me "mad", "crazy", but they know the truth yet continue to lie, they know that our land is independent and free, not in the colonial grip, that my vision, my path, is, and has been clear and for my people and that I will fight to my last breath to keep us free, may Allah almighty help us to remain faithful and free.

-Mu'ummar Qaddafi.



Libya during gadaffi.

(1) there was no electricity bill in Libya; electricity was free and uninterrupted for all its citizens

(2) There was no interest on loans, banks in Libya are state-owned & loans given to all its citizens at 0% interest by law

(3) Home considered a human right in Libya – Gaddafi vowed dat his parents would not get a house until everyone in Libya had a home. Gaddafi’s father has died while him, his wife & his mother are still living in a tent.

(4)All newly weds in Libya receive $60,000 Dinar (US$50,000) by d government to buy their first apartment so to help start up the family.

(5) Education & medical treatments are free in Libya. Before Gaddafi only 25% of Libyans are literate. today the figure is 83%

(6) Should Libyans want to take up farming career, dey would receive farming land, a farming house, equipments, seeds & livestock to kick-start their farms –all for free

(7) If Libyans can't find the education or medical facilities they need in Libya, the government funds them to go abroad for it – not only free but dey get US$2,300/mth accommodation & car allowance

(In Libya, if a Libyan buys a car, d government subsidized 50% of d price

(9) D price of petrol in Libya is $0.14 (N22) per litre

(10)Libya has no external debt & its reserves amount 2 $150 billion – now frozen globally

(11)If a Libyan is unable 2 get employment after graduation d state would pay d average salary of d profession as if he or she is employed until employment is found.

(12) A portion of Libyan oil sale is, credited directly 2 d bank accounts of all Libyan citizens every month you will just get an alert

(13) A mother who gave birth 2 a child receive US$5,000

(14) Gaddafi carried out d world’s largest irrigation project, known as d Great Man-Made River project, to make water readily available throughout the desert country.


With all this some of them still asked for change now they got change, they cant even walk on the streets anymore.

PETERiCHY:
Oga Myjoy. I bet you can't be more optimistic than me but atimes when have to read between the lines and separate realities from dreams.

Presently there is nothing good about the Nigeria economy, everything is simply being stage managed.

I live & work in Dubai and from the look of things i smell another Naira devaluation.

God's bears me witness that the money I remitted back home last Sunday was at the rate of #57naira per 1diahram while before the 1st Naira devaluation last year Nov. The exchange rate used to be #43naira per diahram.

In other words I see AGRICULTURE as the way forward for Nigerians. As per NSE you are on your own for now.

http://nairametrics.com/nigerian-forex-dealers-are-hammering-out-a-proposal-that-could-usher-in-another-valuation/


Reports suggest foreign exchange dealers in Nigeria are drawing up a proposal that will persuade the CBN to ease some of the restrictions it placed on forex trades. If this happens, it could lead to a drop in the value of the naira and potentially another devaluation of the naira.

The move amongst others is perhaps to ensure that the secondary market is revived and liquidity is re-injected into the market.

With the secondary market basically dried up, operators are likely to run out of business if things don’t change soon enough.

The CBN had late 2014 and early 2015 issued several policy circulars aimed at curbing speculation and pressure on the naira, a situation that had caused them to devalue the currency.

One of the policies circulars issued was a restriction of dollar sales at the interbank market, a move that had JP Morgan threaten to yank Nigeria off its index.
According to Reuters;
Two members of Nigeria’s Financial Market Dealers Association (FMDA) said they were finalising proposals “to find a way to resolve the problem of liquidity and curb speculation.” Another source with direct knowledge of the matter said that the central bank was aware of the talks by the dealers.
Analysts predict any relaxation of the current restrictions placed by the CBN will ultimately result in a drop in the value of the naira, making us wonder whose interest the dealers are really protecting.

However, if speculation is indeed curbed then one will hope that the anticipated slide in the value of the naira will not lead to a further devaluation.

Agbalowomeri:
I can buy Oando at 12-13 and when I do I rarely stay in the train for more than 2 weeks, 20-30% and I'm off

Instead of your 20-30% @ #13. Is it not better you bring it down to #9. atleast from that point we can easily make 100% or what do you think?

Born2berich:
I dont think oando will fall to N15 again for now. Currently it has been battered by the men in black (according to myjoy)from N19 down to N17.

I might be wrong though.. The cheaper the better.

When the money bags visit the market. they will release most of their holdings whuch will create a massive offer and in turn cause a panic sell off and sharp drop in price within 3 to 4days then they will take a choice position before the real journey will begin.

*ThE OcToPuS*

Chibuking81:
FBNH at #8.80 and below; Dangote sugar at #6.10 and below; Diamond #4.80 below, Transcorp anything below #3.20 is a good buy; cutix at #1.5; Oando is also good, what I experience today during trading today show me that Oando might fall to #16 or #15, before moving up again, but it is a very good stock and majority has interest in it; Eterna at #2.65; julius Beger at #50.

"Sell In May and Go away" is a idiom but some didn't get the drift.

Well if you buy OANDO above #15naira you are on your own.

inviix:
So does this mean you have sold your entire Oando holdings?

I have held it for 1yr and more 4yrs to go.

myjoy08:
Sir, sell in May doesn't apply to every markets especially emerging market with African inclusive. Sell in May and go to sleep, wake up in September and buy in premium...lol. Ambush Oando ke? Anyway, the men in black are already waiting to ambush before u do...lol

Oga Myjoy. I bet you can't be more optimistic than me but atimes when have to read between the lines and separate realities from dreams.

Presently there is nothing good about the Nigeria economy, everything is simply being stage managed.

I live & work in Dubai and from the look of things i smell another Naira devaluation.

God's bears me witness that the money I remitted back home last Sunday was at the rate of #61naira per 1diahram while before the 1st Naira devaluation last year Nov. The exchange rate used to be #43naira per diahram.

In other words I see AGRICULTURE as the way forward for Nigerians. As per NSE you are on your own for now.

Krisuba:
@ what should i ambush oando. 15 or 16.?how low will it come.! Is like sell in may is making sense

When I said they should sell in May and Go away. Somebody called it Tumbum Tumbum analysis while others were busy shining teeth.

Make them no worry when the time reach we go know who go shine the finally teeth.

megainvest:
My interpretation therefore is that 90% of the people in the market are impatient, ignorant and / or unfortunate.

For the benefit of doubt, the All Shares index is now around 34,500 points by the end of September it will be trading below 30,000, Except for one or two stocks others will definitely come home to Mama and the journey will start all over again.

FOOD FOR THOUGHT

I want all the newbies to always have this at the back of their mind.

Globally 90% of those that invest their money either in Stocks, Commodities or currency trading mostly ends up losing their funds. 6% flourish on insider trading while the remaining 4% are die-hard investors.

*ThE OcToPuS*

inviix:
Baba what's your current position on oando? Are you still strong on it? Will next week be a good time to buy some?

Best time to buy OANDO is from 22nd of this month. Then immediately after hand over it will definitely perform some stunts.

This una Vitafoam some will definitely go with the money which is vital while others will be left with the foam.

Better don't chase a moving train. NSE is the more you look the less you see. i kuku don talk my own.

angelo82:
And what would you do with the money in your broking account.....Just leave it till September?......

A bird at hand is worth 2million in the bush.

The last professional fight Mayweather had was in last yr sept but he just fought Pacman last Saturday being 2nd of May and and made a whopping $180 million Dollars in less than 60mins.

So its not about been in the market all year round rather it's all about knowing the trend and striking when the iron is hot.

Now is the time to enjoy your loot, take a break and come back in September during school fees palaver, you will buy one and get one free,

Is that not 100% while most of the investors that remained in the market will be trying to break. You will be busy cherry picking.

I've been in this game for over a decade. Adopt this strategy and thank me later.


http://bloom.bg/1QbcePr

angelo82:
Very hard to buy anything right now...........

Sell In May And Go on summer vacation, come back in September and cherry pick.

http://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp


DEFINITION OF 'SELL IN MAY AND GO AWAY'

A well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings in May and gets back into the equity market in November - thereby avoiding the typically volatile May-October period - would be much better off than an investor who stays in equities throughout the year.

INVESTOPEDIA EXPLAINS 'SELL IN MAY AND GO AWAY'

This strategy is based on the historical underperformance of stocks in the six-month period commencing in May and ending in October, compared to the six-month period from November to April. According to the Stock Trader's Almanac, since 1950, the Dow Jones Industrial Average has had an average return of only 0.3% during the May-October period, compared with an average gain of 7.5% during the November-April period.

There are limitations to implementing this strategy in practice, such as the added transaction costs and tax implications of the rotation in and out of equities. Another drawback is that market timing and seasonality strategies do not always work out, and the actual results may be very different from the theoretical ones.

While the exact reasons for this seasonal trading pattern are not known, lower trading volumes due to the summer vacation months and increased investment flows during the winter months are cited as contributory reasons for the discrepancy in performance during the May-October and November-April periods, respectively.

Born2berich post=332745[b:
[/b]15]

True but i have a gut feeling oando is heading to its planned right offer of N22 at DEC before they re-adjusted it downwards to N16 becuase of the bearish market. For example, UBA came out with its right at N4 then re-adjusted it downwards to N3.5 due to the perceived negative sentiments in the market at that time but since then it has currently touched the N6 mark. Oando will want to attain a more positive price before releasing result. These are my 5kobo thoughts.

NB: This is not a buy or sell recommendation to anybody. BUY or SELL at your own discretion

Yes that dream can only be achieve on the euphoria of a successful hand over come May 29th but for now the pendulum will continue the to and fro swings.

Born2berich:
You forget that it has already broken the N20.50 barrier about a week plus.

It was just an intraday price but wasnt sustainable that's why it's going back for refuelling.

Their right was #16:50k and money bags are very good bargain hunters..If you know what I mean.

Born2berich:
I doubt if it touches N15 for now.

I was able to buy more oando at N17.40 . I hope i made the right move.

Bear in mind the support its trying to build is the one that will break the #20naira barrier and they will need some money bags so time will tell.