₦airaland Forum

Sterling Bank has announced plans to raise up to N30 billion in its series 1&2 commercial paper program. The series 1 &2 are with a tenor of 177 and 260 days respectively, with an effective yield of 7.5percent and 8percent while the discount rate stands at 7.23percent and 7.56percent respectively.

According to the bank, the offer opened on Wednesday 25 March and would close on Monday 30th March 2020.
The bank has a long term rating of BBB from Global Credit Rating (GCR) and a BBB+ rating from DataPro Limited. Also, a short term rating of A3 from CGR and A2 form DataPro.
Sterling Bank joins the list of corporates taking advantage of low-interest rates to raise cheaper short term debt.

https://businessday.ng/companies/article/sterling-bank-commences-n30bn-commercial-paper-programme/amp/

BARGAIN HUNTERS TAKE NOTE and DON'T BE LEFT OUT!

Bomboclad:
For those who don't understand how market sentiments work, look @ the rise in Sterling Bank even after a 3kobo dividend announcement that some think is very disappointing.

Sterling Bank has announced plans to raise up to N30 billion in its series 1&2 commercial paper program. The series 1 &2 are with a tenor of 177 and 260 days respectively, with an effective yield of 7.5percent and 8percent while the discount rate stands at 7.23percent and 7.56percent respectively.

According to the bank, the offer opened on Wednesday 25 March and would close on Monday 30th March 2020.
The bank has a long term rating of BBB from Global Credit Rating (GCR) and a BBB+ rating from DataPro Limited. Also, a short term rating of A3 from CGR and A2 form DataPro.
Sterling Bank joins the list of corporates taking advantage of low-interest rates to raise cheaper short term debt.

https://businessday.ng/companies/article/sterling-bank-commences-n30bn-commercial-paper-programme/amp/

BARGAIN HUNTERS TAKE NOTE and DON'T BE LEFT OUT!

DeRuggedProf:
WAPCO is holding BOARD MEETING on Monday, the way the stock has traded since morning is most suspicious.
Who knows if these guys may want to handsomely share the little they have MADE SO FAR, then let the stock price do a real slide when the mess start coming up later towards year end, then use the same money they have ARRANGED AS DIVIDENDS to mop up, then later ESCAPE totally, wiping the DIVIDEND HUNTERS and OLD SQUAD?

NB: just thinking out aloud, don't take me serious....

You are wise what happened to UNIONDAC faithfuls will happen to WAPCO faithfuls.

84% OS already in their pocket.

They device means of squeezing the hell out of minority shareholders so they will gladly admit to their BUY OUT price..

Timeframe=9mths from now.

BARGAIN HUNTERS TAKE NOTE!

WAPCO management taking their shareholders to their quarantine centre

RabbiDoracle:
Break above 23,600. If it starts to trade flat once above this level for an extended period(in weeks) without falling below it, then it means we passed the bottom (18K+). It shows that all indices worldwide must have done same.

Lots of stocks and indices are having the same pattern if you have noticed.

Stocks surged for a third straight day Thursday as investors shrugged off the release of record-breaking initial jobless claims while the Senate passed a massive economic stimulus bill amid the coronavirus outbreak.

The Dow Jones Industrial Average jumped 1,351.62 points, or 6.4%, to close at 22,552.17. The Dow capped off its biggest three-day surge since 1931. Over the past three days, the Dow is up more than 20%.

https://www.cnbc.com/2020/03/25/stock-market-futures-open-to-close-news.html?__source=newsletter%7Cbreakingnews

yom2:
please any stimulus package for nigeria

Former Vice President Atiku Abubakar has asked the Federal Government to pay each household in ten thousand naira (N10,000) as a supplement for foodstuff within the period in which many are confined to their homes.

The presidential candidate of the Peoples Democratic Party (PDP) made this call on Wednesday when he donated N50million as relief fund to support the Federal Government’s battle against the coronavirus pandemic in the country.

https://www.channelstv.com/2020/03/25/covid-19-atiku-asks-fg-to-pay-each-household-n10000/amp/

America $2Ttillion Stimulus package mode of payment

The moment Dividend Hunters discover AGMs postponement

"If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done-kenny Rogers

BARGAIN HUNTERS TAKE NOTE!


https://www.youtube.com/watch?v=MN1AtzLrW4Y

Tribute to a music icon Kenny Rogers the Godfather of BARGAIN HUNTERS

https://www.dailymail.co.uk/news/article-8137345/Country-music-icon-Kenny-Rogers-dies-aged-81.html

After 9yrs of prodigal spending Transcorpse is finally coming home to Mama

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29404_UNION_DIAGNOSTIC_-ACQUISITION_OF__CORPORATE_ACTIONS_MARCH_2020.pdf

Hope rising

Been trapped here for nearly 3 yrs.

Finally, I will exit with tashere 5k/share profit (I bought at 30K/share)

Most Nigerian CEOS are heartless criminals. This was a stock that was enlisted at N3 per share on Sept 2008 and they ONLY pay 8k dividend in 2009.

Now 11yrs down the lane they want to buy out investors at a paltry 35kobo per share.

Tejuosho should fear God ooo

PETERiCHY:
Wale and his crooked gang are systematically off-loading their OVER BLOATED and debt ridden 12billion units OANDO @N2.70k.

Note whereever the offers are bought another set of offers will appear

So don't be deceived by the DECOY BIDS.
Buy @circa N2 and sell at circa N2.40k

BARGAIN HUNTERS TAKE NOTE!

Congrats to BARGAIN HUNTERS that took our candid advice OANDO now on full bid at N2.21k

Rightnow newbies that recently joined NSE with hope of striking gold

Coolcash1:
....changed my usd to massively mop up these stocks. I am loving this bear...

Better don't change your USD (safe haven) yet because stocks will still get cheaper and devaluation is inevitable.

BARGAIN HUNTERS TAKE NOTE!

NSEMPA rightnow after a hectic week

RabbiDoracle:
They want to take BTC to 3,400.

So if the crash continues tomorrow and Monday it trades below 3,400, then that is the trigger.

I no know who dey do this thing worldwide. But we don catch them. Everything is accelerating downwards very fast. This can't be a chance happening.

If cure for Coronavirus is not found BTC will soon drop below it 2014 price of $250.

BARGAIN HUNTERS TAKE NOTE!

emmanuelewumi:
Nigerian banks have mastered the art and science of making money in the country no matter the direction of the economy.

The dividend paids by Zenith bank increased by 56% between the last recession of 2016 and 2020

That was because NAIRA was devalued from N165 to N365 and their shareholders will be jumping at dividend yield forgotting that their purchasing power has been halved.

See another devaluation coming soonest that will stimulate the economy then banks will discount their Forex gain to up their PAT to thw delight of their shareholders..

The circle goes on and on

The USD hoarding has started in earnest.

BARGAIN HUNTERS TAKE NOTE!

NSE is the original PEPPER DEM GANG

ojesymsym:
Hahaha. Make una calm down before blood pressure rise. Nigeria went through one of her worse patch in 2015/16, it's just that this Corona virus just came from no where to be distorting things around the world. Brent fell drastically yesterday because Saudi and Russia decided to be doing negative bidding. ( Who e oyel cheap pass). If Nigerian situation gets bad, it will not be in isolation, it will be because the global economy went bad also.
Somehow we now know how China stands in the world economy. They seem like the highest direct and indirect buyers of oil.na wa

In this oil price war era

Russia has $570Billions reserve to defend their economy

Saudis has $501B reserve to defend their economy.

What does Nigeria have to defend theirs aside Naira devaluation

Mcy56:
GT and Zenith pre-market is looking scaryyyyy

I thought you have joined PA Emma long term gang

Why bother about daily price movement abeg close your eyes and ears to market noise and chop your dividend in peace

PETERiCHY:
Wale and his crooked gang are systematically off-loading their OVER BLOATED and debt ridden 12billion units OANDO @N2.70k.

Note whereever the offers are bought another set of offers will appear

So don't be deceived by the DECOY BIDS.
Buy @circa N2 and sell at circa N2.40k

BARGAIN HUNTERS TAKE NOTE!

LOCO hope took our advice on OANDO or are you trapped at your N2.70k projection

OANDO now on full offer @ N2.19k

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
Which audio earning?
Anyway, Zee has passed your N16 junction, don't come and go and tell us that you didn't buy again.

Zenith target price N9
GTB target price N10

GTB now on full offer of 325m units @ Meshpips N19 junction

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
Something is definitely wrong somewhere with the two stocks especially.
Fcmb, fidelity and few other stocks didn't have much volume in premarket, but the fact that those two has heavy offers will make people to be bringing out their wares in other stocks too.

All thanks to Corona
All the audio earnings being declared by our financial institutions will soon come to limelight .and the market will push stocks to their true value.

Patience is KEY

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Blood of Nebuchadnezzar
400m units of Zenithbk on full offer @#13.05

Agbalowomeri:
Are these breakeven crude prices?
I am not sure you have the right figures
The last I know, Saudi breakeven was less than 20

Even Nigeria breakeven price is around $13 it's greedy and corruption that is killing our leaders.

RabbiDoracle:
Russia has released funds to support their economy from the oil crash.

$150b.

We will see what the Saudis will do.

Today is holiday in Russia, so we will see what they will do tomorrow and how much discount they intend to sell oil.

Once the gidigbo starts, it is for us to send delegation to Putin to go and postrate.

Russia has released $150b to stabilize their economy Saudi has over $500b in reserve meanwhile after 5yrs Bubu is still looking for whom to borrow from and mortgage the lives of his subjects

locodemy:
Offers are scary.Think of loosing another 10% tomorrow.

If they don't pause trading tomorrow,people will be loosing appetite in stocks when market stablizes.

Even to make 10% becomes a big war.

Market will stabilize a bit mid trading on thursday.for now it's on a free fall.
BARGAIN HUNTERS TAKE NOTE!

Mpeace:
Aswear Wapco is an evil spirit. I the thing no even fall 1kobo. Chai

84% of WAPCO OS in the hands of their parents coy. Last last they will buy out minority shareholders

Mcy56:
I've never seen this kind of offers in NSE before.
Well, we may wake up tomorrow and another good news will surface again. The thing is, we should try and be reducing out exposure in NSE. Maybe move to much safer investments such as mutual funds, treasury bills and govt bonds.

If 16million is quarantine in Italy that has a population of 60million. That means China with a population of 1.3 billion is not telling us the truth.

Biafran4life:
Pls zenith @#5 and get bank at #10.Then my retirement has finally come very early.Then projected 30 million in dividend yearly.Is only God that has answered my prayers.Pls baba God make this happen for your children and let this hustle reduce.Oil pls go below $20 dollars I beg you .

In 2008:Nigeria faced a GLOBAL RECESSION.

In 2016: Nigeria faced OIL CRASH and ECONOMIC RECESSION.

This time around Nigeria is facing the trio of ECONOMIC RECESSION. O I L CRASH and GLOBAL EPIDEMIC. Coronavirus.

Even Brent at $20 FG will still profit $7 per barrel but na person wey survive global epidemic go buy shares.

locodemy:
Yes,that Uacn is a stock to watch if not the current situation of the market

The market isn't recovering anytime soon except Emefiele comes to their rescue with NAIRA DEVALUATION.

BARGAIN HUNTERS TAKE NOTE!