₦airaland Forum

Nigeria’s newly sworn-in Minister of Finance, Mrs Zainab Ahmed, has warned that the Nigerian economy could go into fiscal crisis if the country fails to increase its revenue.

Mrs Ahmed disclosed this at the headquarters of the ministry shortly after the inauguration of the new ministers by President Muhammadu Buhari yesterday.

She said, “As you know, our nation is facing a near fiscal crisis, and it is up to us to make sure that it is arrested and ensure that we don’t slip into a crisis.

https://businesspost.ng/2019/08/22/nigerias-on-verge-of-crisis-economy-still-fragile-finance-minister/[/quote]The same FG that is planning to inject an imaginary 600B naira into the power sector

Well after 4yrs of promise and fall ANYONE that will still make investment decision based on govt pronouncements got themselves to BLAME

locodemy:
If I were those holding Transcorp shares,I will not listen to what peterichy is saying.The stock looks very attractive @ the 600B naira the Fg wants to inject into the power sector.Transcorp must surely get a good portion of the money to boost the bottom line at year end.Patience is only the key in that stock.Just my own observation

So you ain't holding Transcorp shares again while you want to use Mcy56 as scapegoat.?

By the way where FG see 600B naira to inject into power sector.

We are mostly blinded by sentiments that why most keep losing money on NSE.

PETERiCHY:
There's OPPORTUNITY to BAIL out of TRANSCORPSE @#1:04 niw because SEPTEMBER's SCHOOL FEES is around the corner.

Don't say you arean't WARNED!

BARGAIN HUNTERS TAKE NOTE!

TRANSCORPSE passengers don't be catch unaware . Someone bought at circa80k and started offloading at circaN1:10 that's over 30% profit within a week in this BUHARI era.

SEPTEMBER SCHOOL FEES is around the corner. The DUMPING no go get part 2.. after this WARNING and you are caught in the CROSSFIRE then you have YOURSELF to blame and not your VILLAGE PEOPLE.

*ThE OcToPuS*

735i:
What of holders of Uniondac? Huna no go pay sku fees?

Oga keep kwayet. It's FPI money that moves this market. Not the 20k school fees that you remove.

Throw in your OFFER @22k and forget the 5m barrier OFFER we created at 24k

Mcy56:
We wouldn't see Peter now. Na when market cough small he go show up with his 'bargain hunters' campaign.

There's OPPORTUNITY to BAIL out of TRANSCORPSE @#1:04 niw because SEPTEMBER's SCHOOL FEES is around the corner.

Don't say you arean't WARNED!

BARGAIN HUNTERS TAKE NOTE!

DOLLARTEX:
uniondac going back to carpark! *bargain hunters take serious note*

Like I predicted since last year the SWEETSPOT is and still remains N0:23k
BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

CARVETON aircraft is crash-landing with no respite in sight,
Now on FULL OFFER @#2:07K .

BARGAIN HUNTERS TAKE NOTE!

RabbiDoracle:
We will see where the market direction goes.

From what I am seeing, there is going to be a recovery in September 2019 onwards.

So of all months it's SEPTEMBER when more stock position will be LIQUIDATED by parents to pay school fees you foresee RECOVERY

NSEMPA rightnow

mendes911:
What about Union Diagnostics Sir?

He that is down needs no fear

mendes911:
And 40k to 80k will be 100% (before fees).

Yeah that's exactly the WEALTH TRANSFER we are talking about.

PATIENCE is KEY!

BARGAIN HUNTERS TAKE NOTE!

Infinitisi:
At what junction should we enter Zenith and GTB

Don't fall for dividend yield stories.
Zenithbk @sub N10
GTB @sub N15
are BARGAINS!

PATIENCE is KEY!

PETERiCHY:
It's seems you are scared of BUHARI NEXT LEVEL and we still have 4yrs and 3months to Go. So fasten your SELTBELTS and watch out for ALL TIME YEAR LOW.

It's only PESSIMISTS that will benefit from this regime while the OPTIMISTS will bit off their fingers.

BUHARI already told his subjects to EXPECT TOUGH TIMES AHEAD before he retires to DAURA.

Welcome to THE NEXT LEVEL.

*ThE OcToPuS*

My comment on March 11th 2019.
The WEALTH TRANSFER will favor the ONLY the PESSIMIST while the OPTIMIST are already biting their fingers and blaming it on global event

Ask yourself why NSE wasn't booming when global stocks were booming.

I repeat this GOVT will only make the PATIENT BARGAIN HUNTERS richer. Of which I'm a benefactor during the 2016-2017 Dollar brouhaha. when it shuttled between N250 and N520 due to BUBU inaction.

History is about repeating..........

BARGAIN HUNTERS TAKE NOTE !

*ThE OcToPuS*

lancee:
Zenith back to 16.50..Public offer price 06

Point of correction

Zenith BANK ALERT!

2004 IPO done @#10:90k.
2006 PO done @#16:90k.
2016 hit ALL TIME LOW @sub #9:00k.
Current price N#16:35k.

BARGAIN HUNTERS TAKE NOTE!

currentprice:
^
^^
peter peter 30% yield

Of course the yields are getting better day by day. Zenithbk now #16:80k with over 30m offer.

RabbiDoracle:
At N18, the dividend yield after deducting WHT is 14%.

This is more than what you will get in Tbills.

I won't be surprised if smart monies start moving in to lock into the yields.

The truth remains that you can't outbuy the foreigners once they start to buy. We can only be chasing daily tops to see what we fill our orders when they are in.

Like I always say, as we are obsese, gentle dey crawl enter the event hall before slim people start to come. Take your seat and relax. When it is time, the door go close by itself.

Now that Zenithbank is @N17 what their current dividend yield ?

Well some of us we start taking position when their dividend yield gets to 30%

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
No be this NEXT LEVEL era
Zenithbk that will still come to beg us #11 junction.
Go and mark it.

When Zenithbk was selling for N28 people were jumping in shouting dividend yields! dividend yield!!.
It came down to #24 they kept shouting dividend yield! dividend yield!.
It came down to N20 the shout of dividend yield increased.
Now @#18 we no longer hear the story of dividend yield!!!

This life self

Mcy56:
Upon what now? Its taking longer than necessary. I just feel more for those whose livelihood depends on the market.
Peter should not come and tell me about bubu or any of such story o. Think it's more than that.
Let me come and go and check betting section out, I know I'll learn fast with the help of bitL Ihedi.

So you ain't happy that the NEXT LEVEL Agenda is now making stocks CHEAPER and AFFORDABLE for the MASSES.

Then you must be among those SABOTAGING the good effort of this GOVT

Mpeace:
Dangflour u no fit kee me. I rather dig it out with registrars than collect N20 with is a 20% discount. Its like doing short term tbills at 20%. I rather wait.

Why will one sell Dangflour @#20
Even TB is now 11% on 364days tenor

Intendy:
Stocks with new 52 week lows

Zenith Bank #18.25k
Transcorp #0.93k
Fbnh #5.40k
ETI #7.20k

Stocks with new 52 week highs

Dangote flour #20.35k
Boc gases #5.57k

See what NSE has turned investors to

PETERiCHY:
Some bargain Hunters comfortably boarded @ Sub #10:90k today another round tripping loading.....

Abeg Tritri,Coolcash and CP make una come help us push Alhaji Private jet ooo

*ThE OcToPuS*

http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf.

PETERiCHY:
One Forbe Richest African Guy is baking a very DELICIOUS CAKE.
DON'T be left OUT!

*ThE OcToPuS*

http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf

PETERiCHY:
It's such ANALYSES that's leads to PARALYSES .
If have DANGOTE FLOUR close hold tight till it gets to N26 .BARGAIN HUNTERS TAKE NOTE.

Meanwhile CP rightnow after missing out the jolly rides on Cileasing , Diamondbk. Chams and now DangFlour

http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf.

PETERiCHY:
DANGFLOUR holders DONT BE DECEIVED by those that have little stake or no stake.

By the time we disembark at circa N26 junction then use part of the PROFIT to patiently wait for FLOURMILL @sub N10.00

The competition in FLOUR business is now killing more reason DANGOTE gave up while others rival coys are declaring losses

BARGAIN HUNTER TAKE NOTE!

http://www.nse.com.ng/Financial_NewsDocs/27306_DANGOTE_FLOUR_MILLS_PLC_CORPORATE_ACTIONS_AUGUST_2019.pdf.

They should come and raid NSE too

PharmAlfred:
This group is drying up. So much next level.

We NEVER see SOMETHING ;
Welcome to the NEXT LEVEL. aka
TAKE A BOW & GO SENATORS !

My candid advice for BARGAIN HUNTER'S is to jealously GUARD their FUNDS!
WEALTH TRANSFER LOADING......

*ThE OcToPuS*

Mcy56:
We shouldnt see PMB's list as his making alone.
That's one of the ills of democracy, party and corrupt system.
I wasnt expecting any miracle to happen with the nominees list, its same old politicians recycling themselves, but one thing is that they'll at least give the country a 'direction'.

So you knew all this and still choose to remain in the market. afterwards you blame it on VILLAGE PEOPLE.

maishai:
my ogas.....im still a wapco hopeful.......loaded substantial units @ #10 to average down my cost of entry.....i would love critical commentry on the result

Better don't be like LOCO.
SHOOT if you want to SHOOT,
and STOP inviting VILLAGE PEOPLE!

PETERiCHY:
It will take more 4YEARS for market to bottom out. Buhari isn't contesting again so he got nothing else to prove if not to keep accumulating more DEBTS for whoever will take over.

In no time the ECONOMY will BOMBERANG. the
STOCK market will bear the BRUNT while the MONEY MARKET will keep SMILING.

FG said we should be prepared for tougher days aheads Oyo govt already declared their state is technically bankrupt, Expect more states to follow suit.

It's now left for BARGAIN HUNTERS to jealously guard their funds and stop building CASTLES in the AIR.

I rest my case!

*ThE OcToPuS*

The face you make when prices are gradually coming down to PATIENCE BARGAIN HUNTERS JUNCTION.
All thanks to BUBU inaction

Newbreed2018:
The ship is coming.

you are a badt person

Godlylifeoneart:
https://www.nairaland.com/5313374/cabinet-delay-may-send-nigeria




https://www.nairaland.com/5313374/cabinet-delay-may-send-nigeria

According to Buharieconomics when ministerial appointment is delayed it will help save cost. During BUBU first tenure he saved Nigeria the cost of 5months salary for his ministers. Isn't that great

This time around is not even up to 2mths and some are already complaining.

PETERiCHY:
TRANSCORPSE never DISAPPOINT.
70kobo loading...........
BARGAIN HUNTERS TAKE NOTE!

TRANSCORPSE coming home to MAMA.
Now 95kobo.
Patience is KEY.
Based on their latest result fair price now 20kobo
BARGAIN HUNTERS TAKE NOTE !

*ThE OcToPuS*