₦airaland Forum

lancee:
and his other friend ..they re waiting for the price of oil to come down again before they post

Bear i beg no come tomorrow or else we go hear word tomorrow ''I warned u guys to sell all your stocks '' and come back Dec

They know the actual day/mth/year and what time to come backto the mkt

Someone that bought OANDO N3:45 based on just oil that jump 5% some few minutes ago and somebody that bought N6 last week based on buy buy analysis which of them took a wise decision ?

http://mobile.reuters.com/article/idUSKCN0UX02J

Oil prices rose more than 5 percent on Tuesday as investors viewed bullish Chinese oil demand data as a buying trigger, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this year.

Brent crude futures, the global benchmark, posted their strongest daily gains in four months, trading up $1.55, or 5.4 percent, at $30.10 a barrel by 1149 GMT.

U.S. crude futures were up 66 cents at $30.08 a barrel, reverting to a discount to Brent prices.

http://www.vanguardngr.com/2016/01/economy-hasnt-collapsed-transport-minister/

Same way he denied ever collecting bribe

Born2berich:
But you also predicted oando selling above Nn100 - N1,000.

Yes of course that will after their heart wrecking share reconstruction. a type of reconstruction that will send some to early grave.

*ThE OcToPuS*

http://m.khaleejtimes.com/business/energy/oil-sucks-stocks-down-global-recession-feared

Cheap oil has become too much of a good thing for global equities judging by the way the two markets have tanked since the start of the year, with investors becoming more alarmed by the deflationary effects of crude below $30 a barrel.

Crude has been on a downward spiral for the last 1-1/2 years, losing 75 per cent of its value, but the latest spin towards the plughole late last year has sucked stocks down with it.

"$28 oil is fantastic for importers," said Josh Crabb, head of Asian equities at Old Mutual Global Investors in Hong Kong. "But in the short term it really comes down to sentiment, which means that oil down is bad because it means inflation is bad. It just creates a whole lot of issues for the economy."

http://www.independent.co.uk/news/business/news/all-the-things-that-cost-more-than-a-barrel-of-oil-including-a-barrel-a6818786.html


Not everyone agreed with the RAC when it said that petrol could become cheaper than bottled water.

RAC wagered that if the price of oil slid below $20 barrel, it could push petrol prices to 90p a litre - while a fall to $10 a barrel or less could see petrol sold at 86p a litre, or cheaper than a bottle of water.

But only if you are a water snob, according to the Hydration Council, who emailed us to say that the average price of a litre bottle of water, purchased in a multi-pack, is 38p. Take that, Perrier drinkers.


The oil price has continued to slide after the lifting of economic sanctions against Iran. The newly liberated country is expected to pump fresh reserves of oil into an already oversupplied market, making oil even cheaper.

On Monday, the price of a barrel of Brent Crude dropped below $28 and Twitter started fighting over things that are more expensive than a barrel of oil, including a barrel.

Intendy:
when?
next recession or next week,this week

Like I said last yr another global meltdown is already staring at us but this time around its on a slow and steady basis.

Which happens to be the most dangerous kind of global meltdown.

"The house has fallen apart due to bad foundation and for it to stand again there will be a TOTAL WRECKAGE for a new foundation to be laid.

Ignore my warnings at your own peril.

*ThE OcToPuS*

Mfunkynation:
wat of GTB.....

GTB will settle below N8. Bookmark it.

Same way I predicted OANDO will trade @N3.50 some moons ago. Doubting thomases laughed over it.

Mfunkynation:
@ Godisfaithful n others,
pls is Zenith a gud stock to pull in as it bottom out

Go and Mark my word time will come Zenith will sell for N5 and with no bid.

Very soon its the CIRCUiT BREAKER that will be ringing the closing bell.

MARKET CAP will tank below 5Trillion.

ALL SHARE INDEX will sink below 15000 basis point.

OIL price will be struggling at $10.

He that has ears let him hear.

*ThE OcToPuS*

http://www.bloomberg.com/news/articles/2016-01-18/the-north-dakota-crude-oil-that-s-worth-less-than-nothing

Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude.

Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch’s industrial empire, said it would pay -$0.50 a barrel

Friday for North Dakota Sour, a high-sulfur grade of crude, according to a list price posted on its website. That’s down from $13.50 a barrel a year ago and $47.60 in January 2014.

http://www.cnbc.com/2016/01/18/oil-under-30-some-are-getting-closer-to-10.html


An end to sanctions on Iran has driven global crude futures to 12-year lows and brought sub-$20-a-barrel oil in sight, although for some producers that is already a painful reality.

This unfortunate group sells some physical crude cargoes at prices that are closer to $10 a barrel, thanks to an abundance of the "sour" grades they produce and a consumer base that favors higher-quality "light" oils from other origins.

Producers of certain crudes from Mexico, Venezuela, Canada and Iraq are bracing for worse to come as Iran - now free of international sanctions - prepares to offload hefty supplies of heavy sour grades onto export markets.

Some cargoes of heavy Mexican crude are trading for less than $13 a barrel, and downside price momentum for hard-to-refine grades looks set to intensify.

debeey87:
Baba Richy,
Biko explain this ASI at 20,000 nau. I have been asking this question for over a week nau but it seems people are hoarding info . What happens when ASI reaches 20k.

http://www.bloomberg.com/quote/NGSEINDX:IND

The above link is the all Share Index it's currently @22700 basis point.

PETERiCHY:
First and foremost I want you to get a bottle of chilled wine then brood over the following scenarios.

1.Oil revenue which accounts for about 90% of the economy is down.

2. Most foreign investors has left the market.

3.Ouite a number of states are owning workers salary.

4. CBN stringent rules is seriously telling on the bottomline of the banking sector which accounts for over 60% of the market capitalisation.

5.To now add salt to the injury CBN has blocked all access to Visa and MasterCards.


*Now tell me where will the fund to prop-up the market come from

I repeat even if you have lost 90% of your portfolio, its still 100% better you pull the remaining and look for a better venture because 2008 meltdown will be a child's play compared to what we are going to witness this year

2008 FG still have a buffer of $60billion but this time around we can't pinpoint what is left in the reserve.

DON'T SAY I DIDN'T WARN YOU.

*ThE OcToPuS*

[Live: Oil tanks as sanctions lift against Iran] is good,have a look at it! http://www.cnbc.com/2016/01/18/live-oil-tanks-as-sanctions-lift-against-iran.html

Our live blog tracked reaction to the lifting of sanctions against Iran, which some analysts said could worsen a global oil supply glut. Brent crude briefly dipped below $28 dollars per barrel overnight, marking its lowest level since 2003.

PETERiCHY:
From 1st to 3rd quarter of next year NSE will be on slow and steady decline.

Those that think they are more optimistic than nature should remember that this govt no1 agenda is to fight CORRUPTION and those corrupt elements will start selling off their assets to bail out or go for plead bargain.

All this development will surely have a negative effect on the stock market.

So relax, sit back and plan wisely on where to invest your hard earned money because bcuz 2016 will be a terrible year for foolish investors.

Betterstill you can buy a piece of land from Pa.Emma.

As per the STOCK MARKET it is capital ZERO for now.

*ThE OcToPuS*

On 28th dec i dish the above words of knowledge for the discerning investors.

But one Sabinus tagged it a shameful analysis of the 21st century less than 3wks we can now see who is burying his head in shame

That's why the good old book says "My people perish due to lack of knowledge"

Patiently waiting at sub 20000 junction.

*ThE OcToPuS*

megainvest:
Brent crude now $28.94/bbl where is PETERiCHY with the news?

Sanctions lifted after Iran found in compliance on nuclear deal
http://www.cnn.com/2016/01/17/middleeast/iran-iaea-nuclear-deal/index.html

One week one trouble,
May God deliver Nigeria economy.

Even GTB now on full offer @N13:77 this was a stock some called a gift @ #18:50 just 2wks ago.

I hope it's now crystal clear to all why I do reffer the stock market as one of the most organized gambling platform.

2014 i made a kill, last year I couldnt break even while this year i hope for the BEST Still patiently waiting at 20000 ASI junction

*ThE OcToPuS*

http://www.cnbc.com/2016/01/15/wall-street-looks-to-dudley-speech-data.html?__source=newsletter|breakingnews

U.S. stock index futures indicated a lower open on Friday after the Chinese stock market and crude prices plunged.

Brent and WTI futures both held below $30 a barrel, down 3.4 percent and 4.7 percent, respectively.

Agbalowomeri:
But you were waiting at 3 naira to sell at 4 naira to recoup ur 1million loss? Wetin come happen? Are u a moving average?

http://mobile.reuters.com/article/idUSKCN0UT018

Stocks, commodity currencies slide as oil falls back below $30 http://mobile.reuters.com/article/idUSKCN0UT018

[Oil price: sell 'any and all rallies' as Iran prepares to pump http://www.theweek.co.uk/oil-price/60838/oil-price-breaks-below-30-with-no-end-to-slump-in-sight

Hopefully before Monday Iran will start pumping

And if at all I will key in for the earnings season it will be only STANBIC BANK because of their low OS.

But for now we are on the sideline watching those that are dancing the dance of death.

PETERiCHY:
After the SHARE RESCONSTRUCTION is when their real success story will start.

*ThE OcToPuS*

OANDO now on full offer @N3:80.

Like i said last year the best and safest period to buy OANDO is a week after they release their 2015 world record breaking loss result. this time around it might be in trillions.

So even if WALE and his fellow CROOKS decide to release it in 2020 better wait till then.

Note: This warning is only meant for the discerning investors and not the buy buy team.

*ThE OcToPuS*

http://qz.com/593893/investors-are-dumping-nigerian-stocks-as-sub-30-oil-looms-and-the-naira-tanks/

An economic crisis is brewing in Nigeria as the stock market fell to its lowest point in three years this week. Investors have dumped stocks in reaction to uncertainty in Africa’s biggest economy leading to a 3.6% drop yesterday (Jan. 13).

The reaction has been mostly triggered by the continuing fall in oil prices. On Tuesday (Jan. 12) oil prices fell below $30 per barrel for the first time in twelve years. Nigeria has been particularly hit by the oil price crisis as the resource contributes more than 70% of its earnings.
“The major factor is the oil price that has weakened further,” Pabina Yinkere, analyst at Vetiva Capital Management Ltd told Bloomberg.

“That has implications for the nation as an oil-dependent country. It has created a heightened risk environment.”
The ‘heightened risk environment’ has been exacerbated by Nigeria’s Central Bank’s currency policies. Faced with falling external reserves, the apex bank set up strict foreign exchange restrictions which were criticized as they badly affected lives of Nigerians.

Those restrictions were lifted recently but the Central Bank’s decision to stop selling dollars to foreign exchange local dealers has resulted in even more instability in the market.

The stock market crash will, again, raise questions on Nigeria’s economic policies over the last few months as the Central Bank governor, Godwin Emefiele, is thought to base key monetary policy decisions on political preferences of the government rather than economic realities.

A key example is that Emefiele has so far put off a currency devaluation—a policy decision championed by president Muhammadu Buhari.
However, with parallel market rates now hitting 300 naira per dollar, as opposed to the official bank rate of 199 naira, the Central Bank will come under renewed pressure to devalue its currency. “With pressure on foreign reserves and oil prices at $30 per barrel, devaluation is now unavoidable.” Samir Gadio, head of strategy at Standard Chartered

http://www.cnbc.com/2016/01/14/us-crude-falls-as-market-braces-for-more-iranian-oil.html

U.S. crude oil futures fell in early Asian trade, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market.

West Texas Intermediate (WTI) was down 46 cents at $30.74 a barrel at 0249 GMT.

On Thursday the contract rose 72 cents, or 2.4 percent, to settle at $31.20.
It hit a 12-year low of $29.93 earlier this week.

WTI is on track to post a third consecutive weekly loss, down more than 6 percent.
The contract is down nearly 18 percent from a 2016 high on January 4.

Brent crude was down 10 cents at $30.78 a barrel.

megainvest:
OK back to the topic of "Stock Picking"

Economic gurus please which companies will gain from these different scenarios:
1. A low oil price and high dollar exchange rate (devaluation).
2. A low oil price and fixed official exchange rate below 200 but high black market rate.

For sure devaluation will favour commodity export companies while those that are import dependent will suffer. However, PMB seems determined to avoid devaluation at all cost.

Share your views pls

Godisfaithful, locodemy, mercylicious, born2berich, coolcash1, chibuking81, youngzedd, deruggedprof,ufotty2001, ihedioramma, dragonking, intendy, peterichy, chibuking81, everybody

Buhari govt No1 agenda is to fight corruption, So we shouldn't expect any black money to prop-up the market rather the remaining one will continue to leave.

After the stock market crash what will follow next is hyperinflation,

So the best asset for a Naira holder now is LAND or PROPERTY before inflation sets in which will make the prices of property rise.

Mind you during 2008 meltdown property prices crashed as well because our foreign reserve of $60Billion acted as a buffer for NAIRA but this time around Naira don't have support, even as at today UAE dollar rate is N305.

In other words property/Land will act as a sort of buffer for the anticipated inflation.

http://www.bloomberg.com/news/articles/2016-01-14/for-real-oil-prices-the-crash-is-even-bigger-as-china-fizzles

While oil prices flashing across traders’ terminals are at the lowest in a decade, in real terms the collapse is even deeper.

West Texas Intermediate futures, the U.S. benchmark, sank below $30 a barrel on Tuesday for the first time since 2003.

Actual barrels of Saudi Arabian crude shipped to Asia are even cheaper, at $26 -- the lowest since early 2002 once inflation is factored in and near levels seen before the turn of the millennium.

PETERiCHY:
FOOD 4 THOUGHT

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water. Just when the water is about to reach boiling point, the frog cannot adjust anymore.

At this point the frog decides to jump out. The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature.

Very soon the frog dies.
What killed the frog?
Think about it!
I know many of us will say the boiling water.

But the truth about what killed the frog was its own inability to decide when to jump out.

We all need to adjust with people & situations, but we need to be sure when we need to adjust & when we need to move on.

There are times when we need to face the situation and take appropriate actions.

If we allow people to exploit us physically, emotionally, financially, spiritually or mentally they will continue to do so.

Let us decide when to jump!
Let's jump while we still have the strength.

I don't have a single pity for any short term player trapped in this market after all the RED FLAGS I 've been raising since mid 2015.

The experience will teach you to make a an informed decision next time rather following buy buy analysts.

*ThE OcToPuS*

PETERiCHY:
I will advice you wait but if at all there will be any euphoria due to the dollar unrestriction news then @sub N15 STANBIC is the place to be bcuz DOLLAR is their area of strength.

Sometime in 2012 they did a sort of divestment and share reconstruction from around 19billion down to 10billion Outstanding Shares been the lowest in the banking sector.

That i see as a buffer and was the rationale behind the link I post last week while some myopics were busy spilling rubbish.

http://developer.investadvocate.com.ng/2012/08/10/stanbic-ibtc-shareholders-endorse-holdco-structure-2/

http://nairametrics.com/nigerian-stocks-lose-n300-billion-today-asi-index-down-3-6/

(ASI) dipped by 3.6% on today’s trading to close at 25,103.05, which translates to a loss of about N300 billion.

Here is a snapshot of today’s trading;

ASI: 25,103.05

DEALS: 2,887

VOLUME: 369,233,091.00

VALUE: 1,689,219,209.70

CAP: 8,633,406,943,196.17

A total of 3 stocks appreciated in value, while 34 stocks depreciated.

http://nairametrics.com/boom-dollar-hits-n301-analysts-suggest-things-could-get-worse-before-it-gets-better/

Nigeria’s currency woes took a turn for the worse after the exchange rate between the dollar and the naira crossed the N300 mark to close at N301 in a cross section of the parallel market on Wednesday. The rate on the average was about N298 if you wanted to buy.

The exchange rate depreciated massively on Tuesday after the CBN announced that it was no longer going to sell forex to the BDC’s blaming them for round tripping and causing more harm that good.

http://www.bloomberg.com/news/articles/2016-01-13/brent-oil-falls-below-30-for-the-first-time-since-april-2004

Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.

Crude fell 1.8 percent in London while West Texas Intermediate oil was little changed in New York.

A nuclear deal between Iran and world powers may be implemented by the time markets open on Monday, triggering sanctions relief for the Islamic Republic that paves the way for a surge in oil exports.

Henceforth we are going to witness some sort of stability which will create an avenue for the discerning investors to bail out before the finally ARMAGEDDON will take place.

*ThE OcToPuS*

http://www.cnbc.com/2016/01/13/wall-street-seen-higher-as-oil-gains.html

Oil prices rose as much as 3 percent on Wednesday as positive Chinese trade data and an unexpected draw in weekly U.S. crude oil inventories gave investors reasons to buy crude futures.

U.S. West Texas Intermediate crude (WTI) was up 91 cents, or 3 percent, at $31.35 a barrel at 9:30 a.m. (1330 GMT). On Tuesday, it fell 97 cents to close at $30.44 a barrel, after touching a low of $29.93, which was last seen in December 2003.

Brent crude, the global benchmark, was up 72 cents, or 2.3 percent, at $31.58 a barrel. The contract fell 69 cents to settle at $30.86, after bottoming at $30.34, on Tuesday.

Wale and the GANGS has been short-changing their shareholders since 1992,

Then Conono-Philips pay them pay them back in their own coins,

OANDO currently on full offer @ N4.46k with no single bid.

With market cap of less than N6Obillion and oil heading toward $10.

We can all see that BANKRUPTCY is not far-fetched.

I might even be the person to buy all those his so called oil investments as scraps and resell it to those Abokis at ALABA RAGO junction