₦airaland Forum

locodemy:
Use fcmb to be wise and wiser.
Do you know if the purpose of the meeting is to use your head(shareholders) as sacrifice?
Enjoy the price now and wait and see what happens after meeting.

8.00-6.50=1.50.This is a big money to my kind of investment.That is why I don't regret selling a stock even if price continue soaring.

PETERiCHY:
UAC of Nigeria Plc closed at N7.60 in yesterday’s trading session on the Nigerian Stock Exchange (NSE), down 0.65%. Year to date, the stock is

Investors that have held the stock, in the last 5 years, have lost a key chunk of their holdings. In April 2014, the stock was trading at N53.78. Investors that have held since then, have thus lost over 85% of their holdings, in terms of share value.

https://nairametrics.com/2019/04/04/uac-of-nigeria-hits-10-year-low/amp/

Let me help someone's ministry if you know you know.

BARGAIN HUNTERS BETTER FOLLOW THE MONEY & DONT BE LEFT BEHIND!

*ThE OcToPuS*

locodemy:
Honeywell ministry is not disappointing.
You can remain there while I remain here for my usual 15%.

Mcy56:
UACN on fireeeee............. 8naira now

RealityShot:
What if dollar falls next year?

locodemy:
I am not a greedy type.You can taste the waters.

zamirikpo:
my boss...small thing Don enter for Xmas ooh. AM done for the year.

Hopefully rates would climb back up before 2nd quarter 2020.

A friend was telling me that the border closure is helping the govt save A lot of money in subsidy payment cos the amount of petroleum pdts bunkered into Benin, Ghana,etc was becomiing alarming.

Nigeria was subsidizing fuel for Benin Ghana Niger but all that money will be saved now and redirected.

This he said has empowered the CBN to cut rates. So by the time they open the border things may begin to worsen for the govt , thereby increasing rates to attract fdi.

What's ur thought on this

locodemy:
Yesterday,I placed Uacn on sale at 7.30 and today I am off completely at 7.40 and some sold at 7.45.

I have my cash resting at trading acct.
Tomorrow,I will make a choice on the two stocks I feel is good to replace Uacn in my portfolio.

The main interest in stocks is SOLELY making money and nothing else.

DigitalMallam:
Copied online,
Indept analysis of how Onyema made his money...

THE SECRET HISTORY OF MR ALLEN ONYEMA’S WEALTH

Ata Ikiddeh

I have taken out time to research into Mr Allen Onyema’s past and what you will read here should be of interest to every Nigerian. You will decide on the guilt or innocence of Mr Allen Onyema.

Article:
In 2007 when Yar’Adua mounted the rock, the Niger Delta was no man’s land, it was a region devouring itself. The Niger Delta was a warring nation and Nigeria the occupying force sponsored by neo colonial imperialist oil companies, according to the agitators. Militants who branded themselves freedom fighters had shut down the region, no barge, oil tanker or oil pipeline was off limit.

Kidnapping was no longer a menace it became a nuisance, neighbours were kidnapping one another making quick easy money. It was a miracle Nigeria was still pumping crude oil. Before the elections in 2007, production had dipped to 680,000 barrels per day, from 2.2 million barrels, just over 25% of its original output. President Obsanjo a civilian President a relic of Nigeria’s military dictatorships wanted peace but hated the word diplomacy. I had this ‘ they will see me’ attitude.

But Yar’Adua was different, he was desperate for peace but had no road map. But he had heard of a certain Robinson Crusoe / Rambo type man, a man who was virtually living in the creeks, in no man’s land. This man was living in the war torn mangrove swamps, a weird nutter who was friends with the soldiers, the militants and the oil companies.

He was making a living being the only mediator in the creeks. The militants would only listen to him and no other. He was the one who convinced the militants and told them Amnesty did not mean Surrender but Development That man’s name was Allen Onyema, a lawyer. He this crazy idea that PEACE was possible.

It is not clear when Mr Allen Onyema started the Foundation of Ethnic Harmony in Nigeria (FEHN). But FEHN’s tremendous growth was as result of his unusual patriotism. Barr. Allen Ifechukwu Onyema was a lawyer who had graduated from the law school in 1989. He had a stint at law practice for a few years but was strangely drawn to conflict resolution, he was passionate about Peace. He is one of the few Africans and perhaps the only Nigerian who has been given the prestigious much coveted Martin Luther King Award.

He facilitated Peace and Reconciliation during the Idiaraba Ethnic violence in Lagos 2003. During the same period he brought Peace between the warring Yorubas and Hausas over the Lagos abattoir. In 2004 he sponsored a project called Nigeria Forever Project in the 36 States between 2004 and 2005 to promote a broad based Nationalism as against Ethnic Nationalism, it was a huge success.

These early forays on various peace projects prepared him for the Niger Delta bloody imbroglio. He waded in when there was a red line between battle hardened Nigerian soldiers and amulet wearing militants who believed their skins had been transformed to steel by black magic.

Onyema used his own funds to sponsor youths to the Nonviolence training and transformational programmes long before the Oil Companies, Federal Government and International Community began to partner with him and invest in his training programmes. The impact of success which FEHN had with the transformation of restive youths drew the attention of Shell. Prior to their encounter with FEHN, they had constantly experienced shutdowns of their operations due to the violent activities of restive youths.

These endless disruptions came to an end when FEHN trained and transformed several youths, soon other Oil Companies like Chevron, Afren Oil etc, joined in the sponsorship of youths to the FEHN training. Onyema’s method had stopped a complete shut down of the oil industry and the oil companies were happy pay him for his services.

Onyema’s methods caught the attention of not just the International Communities, but President Yar’Adua; Onyema was the nexus of Peace and Diplomacy the Federal Government had been looking for. Chief Timi Alaibe with the NDDC , got Barrister Allen Onyema and his organization - The Foundation for Ethnic Harmony in Nigeria (FEHN), to train and transform over 600 youths of the Niger Delta.

It was the success of this program that finally convinced the Yar’Adua to declare the Presidential Amnesty which was granted to Niger Delta Militants. Mr Allen Onyema’s hard work had finally paid off - he landed the biggest contract in Nigeria - FEHN was given the sole responsibility to rehabilitate, train and transform over 30,000 ex-militants.

He oversaw the disarmament and demobilization of over 30,000 ex-agitators and he superintended in the skilling and reintegration of these youths into the civil society in an ongoing reintegration programme. Thousands of militants were flown abroad for various kinds of training in non-violent Conflict Resolution, Aviation and Deep Sea Welding.

Here was a remark by an article at the time, “A seemingly insurmountable task which posed impossible for several years finally generated positive results at the intervention of FEHN.

This incredibly remarkable achievement is one of the most laudable landmarks of FEHN for not only the Niger Delta but also the Nation in its entirety. The acheivement of this feat helped to rebrand the face of the Nigerian Nation before the entire world. FEHN successfully trained the Ex-militant leaders on the Kingian Nonviolence Philosophy. This laudable occurrence could not have come at a better time, as the Leaders are not just embracing the Peace culture, but are already training others.

Barrister Allen Onyema, National Chairman of FEHN achieved this feat against all odds, at a time when it seemed impossible. It was so rewarding to see the commitment and enthusiasm which the leaders displayed as they began to chart the noble cause. Among the Ex militant leaders present at the training are Farah Dagogo, Boy loaf, Sele etc”.

When Jonathan took over in 2011 he appointed Kingsley Kuku as SA, Niger Delta and Chairman of the Amnesty Programme in January 2011. He spent billions to stop the violence and fund FEHN. The NSA budget in 2011 for the Amnesty programme was - feeding allowance (N48 billion), operations cost (N20.796 billion), reintegration of transformed Niger Delta ex-militants, 2010 arrears (N4.174 billion) and reintegration of Niger Delta ex-militants (N925 million.

In 2012 Kuku’s Amnesty Programme controlled a N60 billion budget about $350 million USD). President Jonathan was determined to rescue the dwindling oil revenue - he spared no cash and this time FEHN was given the sole responsibility to rescue the nation and save Jonathan’s government from siege in the creeks. Onyema was successful. He did a job and got well paid for it.

People who may wonder why his outfit was the only Social enterprise contracted to oversee the entire multi billion naira programme can take that question up with the former President, it has nothing to do with Mr Allen Onyema. He was a man doing a job and got paid for it.

By January 2012 Allen Onyema had made a tidy pile for himself he paid tens of thousands of dollars to the Obama campaign support.

In January 2013 he was invited for an Obama victory party and was honoured with an exclusive photo-shoot with President Obama, Vice President Joe Biden and their wives.

That same year he laid out plans to invest his fortune and Air Peace was established. A symbol of his years of non violent Peace projects in Nigeria.

Toluway:
The market is simply telling us to be patient. Even gt has been awfully slow, which is not a problem though.

hisexcellency34:
Serious manipulation going on in Oando....Thunder punish Wale Tinubu. The stock is trading at 3.85 but they have been selling for people at 3.50 while buying at 4.30

locodemy:
Does it mean the guy no like capital appreciation?
Why do people think there will be rally in zenith after that heavy offload?

The only good thing I understand in zenith now is the 2.50kobo dividend(good dividend yield) but does it means the guy still don't like to collect 2.50 as usual?

If eventually disappointed,goodbye Janet.

Some stocks have finally cycled financially and the insiders understand.

Tier2 banks still have more growth to record now and future.

onegentleguy:
UACN is now the new Mr slow and steady(with reference to prise rise)
The stock will be doing some folks maradona... as they may sell into the 'shake-off prank', but come back to buy higher.

Better to hold ur UACN.
A word they say...

Topson88:
Good afternoon,

I intend to buy a stock with intention to sell after dividend payment in April 2020 with less risk of capital depreciation. GTB comes to mind...
Is it okay to buy GTB at current price I will appreciate your response.
Thanks

PETERiCHY:
UAC of Nigeria Plc closed at N7.60 in yesterday’s trading session on the Nigerian Stock Exchange (NSE), down 0.65%. Year to date, the stock is

Investors that have held the stock, in the last 5 years, have lost a key chunk of their holdings. In April 2014, the stock was trading at N53.78. Investors that have held since then, have thus lost over 85% of their holdings, in terms of share value.

https://nairametrics.com/2019/04/04/uac-of-nigeria-hits-10-year-low/amp/

Let me help someone's ministry if you know you know.

BARGAIN HUNTERS BETTER FOLLOW THE MONEY & DONT BE LEFT BEHIND!

*ThE OcToPuS*

chillykelly86:
With due respect, Sir, if you're comparing Oando with "Diamond & Dangflour", then you're accepting the company is troubled and needs rescue. And unless you're privileged to have preknowledge of such rescue plans, any position in Oando is speculative.

You cannot, on one hand, use companies that were obvious going concerns before a "saviour" showed up to justify a buy recommendation on Oando and on another hand, argue that all is well with the same Oando. Its like speaking from both sides of the mouth.

Mcy56:
E ku Market o.
Zenith fighting hard to rise to the challenge, let's hope the big guy didnt show up to dump this week again........
Wema gaping up so far.......
Chams, Lasaco on full bid.........
Fidelity on the move. Will FCMB follow suit? We're observing.....

Godlylifeoneart:
OANDO is still a going concern, not just the debt issue alone but the shareholding structure.
Should the company report a good performance, the way at which those majority shareholders would dump the shares will be faster than the speed of light.
Many people are trapped in this company.
Many people acquire the shares at >N100. 00
Imagine if all or one of the following companies decide to dump 4bi units of Oando in the market?
What would be the effect? The share would trade @sub N2. 00
We have not included the minority shareholders with portfolio of about
3bil plus.
It will be a magic of the century for Wale to turn things around. The honorable thing for him is to do the needful.
What many optimists do not know is that people like Wale did help in scaring away the foreign investors due to corporate misgovernance, not just the buharinomic economy policies.
CONOCO assets acquisition was not the reason for OANDO dismal performance.
The bulk lies on Wale table.
The optimist can wait for 10 to 15 yrs if they really want to taste an unpoisoned chalice from Wale et al

Ocean & Oil Development Partners Ltd. 7,131,736,673 57.4%

Mangal Group 1,980,224,041 15.9%

Ocean & Oil Holdings Ltd. 159,701,243 1.28%

Global X Management Co. LLC 68,262,754 0.55%

Franklin Templeton Investments (ME) Ltd. 60,253,134 0.48%

Parametric Portfolio Associates LLC 33,434,052 0.27%

AllianceBernstein LP 20,520,040 0.17%

Allan Gray (Pty) Ltd. 20,259,691 0.16%

BlackRock Fund Advisors 16,745,631 0.13%

T. Rowe Price International Ltd. 16,214,646 0.13%

Chibuking81:
How did they pay their debt? By selling most of their subsidiaries and their assets, not mainly from their gain. Anyway it's good to settle their debt, but in raising fresh money will be in the way of right issue, and will neutralize their price the more immediately after the offer, because the number of their outstanding share will rise.

Their debt is still huge 300 million dollar.
300 million dollar is equivalent to 108,750,000,000.00 Nigerian Naira ( one hundred and eight billion, seven hundred and fifty million naira)

bigjay01:
The same utuocha may have made a killing, buying FO @8 only to see it @300+ about 12months later.

maishai:
how are we going to key in to this................. There is definitely money to bemade here short term

BullBearMkt:
Now In Short Term Rally...
Couple of stocks have gone really high while some are gearing up to start the same fit. One of such preparing the momentum to rally is IBTC. Last week ended very bullish having created a higher-low. Now the stock is targeting to create a higher-high on the weekly. At the current price the value price is below 39 but higher than 38 (highlighted zone)

If interested also: Check out DangSugar, OANDO, NASCON etc

PLAN YOUR TRADES AND TRADE YOUR PLANS

otokx:
How will this trending news affect the stock market? it appears some Nigerian banks have weak internal controls. Does anyone know the bankers of Air Peace?

Coolcash1:
I have said it that Zenith is not a reliable stock. When the noise was too much here about how the stock will rally, i gullibly entered at N19.50....

but when I saw that, on same day, it has started reversing I quickly jumped out atN19.20... and the remaining unit at N19.05...

After this “Bruce lee” exit of mine, it has continued on a downward trend....

Immediately I sold and cut my loss, I just carry my Kaya enter Dangote sugar, more wapco, and Access ....

Zenith fit give person heart attack...

I wish you dividend lovers and biased analysts (I won’t mention names because of stone.... ) good luck as me I don vamuuuussse...

Toluway:
I checked this stock at Bloomberg yesterday, even at the present price, the p.e. and the e.p.s are still fantastic !

I intended selling, but i couldn't, because the momentum is still very strong!!

onegentleguy:
Sure u can relate to life lessens !!
...even with one's adventure in the stock market.