₦airaland Forum

http://www.bloomberg.com/quote/ZENITHBANK:NL

Zenith bank is finally back to it first IPO price N10:90k in 2004.

Now deduct 50% from that current price then it becomes a bargain.

*ThE OcToPuS*

[Stock Market Shareholders Lose N108billion to Forex Suspension - http://www.financialwatchngr.com/2016/01/12/apply-cbn-agricultural-loan-2016/

Abeg Pa.Bubu should continue to crash the stock market with his Buharinomics when the All-Share index drops below 20000 basis we come and cherry pick

Sai-Buhari

Born2berich:
Baba God I thank you for this opportunity...I will load my Morgan account before the week runs out

Better load the money you can afford to lose, Shekina.

Oil's slide below $30 sends shockwaves far and wide http://mobile.reuters.com/article/idUSKCN0UR03220160113

U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions.

A seven-day losing streak fueled by concerns about a continued supply glut and fragile demand from China, the world's No. 2 consumer, wiped out almost a fifth of crude prices CLc1 this year and 70 percent since mid-2014.

Traders have all but given up attempting to predict where the new-year rout will end, with momentum-driven dealing and overwhelmingly bearish sentiment engulfing the market.

Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

http://www.punchng.com/naira-crashes-to-300-against-dollar/

Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja.

Financial experts said the naira would decline further, while private sector operators described the move as a welcome development.

Sai-Buhari

http://www.premiumtimesng.com/news/196643-shocking-2016-budget-documents-stolen-from-national-assembly.html


http://www.zerohedge.com/news/2016-01-12/nigerian-currency-collapses-after-central-bank-halts-dollar-sales-stall-hyperinflati


I hope by it's crystal clear to all that dollar is heading towards N500 Just like Dangote predicted,

And all-Share Index is crashing below 20000basis point just like i predicted

while Oil is heading down to $10 just like Paul horsnell of standard chaterered Predicted.

The doubting thomas can continue to boiling themselves in the hot water of NSE gambling business PLC.

Even if you have lost 90% of your portfolio it's still early and better to take the remaining 10% bcuz at all at all na him bad pass

*THE OcToPuS *

http://www.zerohedge.com/news/2016-01-12/forget-20-oil-stanchart-says-prices-could-fall-low-10-barrel

A little over a year ago, Paul Hodges was roundly mocked when in December 2014 he made a drastic call that "Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers." After oil got as close as 40 cents away from the dreaded 2-handle, Paul had the last laugh.

But the bigger point is that not only is $20 oil not a shocker any more, it is largely expected and could be indeed welcomed, as first Goldman, then practically everyone else has now admitted it is just a matter of time before oil trades to levels not seen since the 20th century.

So, perhaps to make a name for himself, the head of commodity research at Standard Chartered, Paul Horsnell decided to lower the bar into even more dramatic territory, and overnight suggested that oil prices could drop as low as $10 a barrel.

"Given that no fundamental relationship is currently driving the oil market towards any equilibrium, prices are being moved almost entirely by financial flows caused by fluctuations in other asset prices, including the USD and equity markets,” Horsnell said. "We think prices could fall as low as $10/bbl before most of the money managers in the market conceded that matters had gone too far."

http://www.cnbc.com/2016/01/11/crude-oil-continues-fall-in-asia-weighed-by-strong-usd-china-market-volatility.html

Already weak oil prices extended their decline overnight, nearing $30 a barrel, with a stronger dollar and jitters over volatile Chinese markets weighing on sentiment.

U.S. WTI light sweet crude oil was 2 percent lower at $30.46 a barrel by 9:00 a.m. London time, while Brent crude oil futures were 1.4 percent lower at $31.11 a barrel. Both grades' prices were near 12-year lows.

Justcul:
Oga Peterichy, give us your stock recommendations at this state of the market

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://www.cnbc.com/2016/01/11/us-markets.html?__source=newsletter|breakingnews

U.S stocks traded lower Monday, struggling to stabilize after posting their worst week since 2011, as declines in commodity prices weighed.

U.S. crude oil briefly fell 6.5 percent to dip below $31 a barrel. Brent also fell below $32 a barrel to trade near 12-year lows.

I said this earlier all the discerning investors should keep off the market and be patience, forget all the buy buy analysis for now.

Just keep Sharpening your cutlasses bcuz 20000 ASI is not far-fetched.

Then we are going to rape NSE big time this year.

*ThE OcToPuS*

http://www.cnbc.com/2016/01/10/us-crude-oil-prices-drop-over-2-percent-as-market-loses-faith-in-rebound.html

Oil prices fell for a sixth session to trade at almost 12-year lows on Monday as slowing growth in China rattled investors' hopes for demand this year and traders increased bets against any near-term recovery.

Brent crude futures were down by 38 cents at $33.17 a barrel by 8:26 a.m. EDT (1326 GMT), while U.S. West Texas Intermediate (WTI) crude was down 14 cents at $33.02 per barrel.

http://m.ndtv.com/profit/oil-prices-in-india-now-officially-cheaper-than-mineral-water-1264383

The continued softness in global crude prices and the relative stability in the rupee-dollar exchange rate means oil in India now costs less than a bottle of mineral water.

However, the drop in domestic petrol and diesel prices has not kept pace with global prices because the government has repeatedly hiked excise duty on petrol and diesel to increase its revenues.

http://www.cnbc.com/2016/01/10/us-crude-oil-prices-drop-over-2-percent-as-market-loses-faith-in-rebound.html

Crude oil prices fell over 2 percent on Monday as China's economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery.

Global benchmark Brent was down 89 cents, almost over 2.6 percent, to $32.66 per barrel at 0319 GMT, and U.S. West Texas Intermediate (WTI) crude was down about 2.3 percent to $32.39.

Monday's decline adds to last week's more than 10 percent drop in both Brent and WTI prices to start the year.

Traders and investors have wondered how long and deep the slide may go with Goldman Sachs saying oil could hit $20 a barrel.

http://mobile.reuters.com/article/idUSKBN0UM01520160108

Oil prices rose more than 2 percent on Friday, following China shares higher after Beijing deactivated a circuit breaker mechanism that was blamed for aggravating equity market crashes, although a persistent global crude surplus kept a lid on gains.

Tracking this, Brent LCOc1 rose 75 cents to $34.50 a barrel by 0243 ET, near an intraday high of $34.72. It was more than $2 away from Thursday's $32.16, a level last seen in 2004.

U.S. West Texas Intermediate (WTI) CLc1 was up 68 cents at $33.95 a barrel. In the prior session, it hit its lowest since late 2003 at $32.10.

True definition of SUCCESS

http://www.bloomberg.com/news/articles/2016-01-07/opec-crude-oil-plunges-below-30-for-first-time-since-2004

The price of crude sold by OPEC members slid below $30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout.

The daily basket price of crudes produced by the 13 members of the Organization of Petroleum Exporting Countries fell to $29.71 a barrel on Wednesday, down from $31.21 the previous day, the group said in an e-mailed statement.

That’s the lowest level since February 2004, according to data compiled by Bloomberg.

Manonamission:
Bros, this news item was 3 yrs old as at August 10,2015. In order words, the changes have long been effected. You can check the NSE website for the fully paid up shares of Stanbic IBTC.

If you don't know the rationale behind the link i posted you either you ask or kept mute.

Then those of you that has been financially bankrupt by NSE whose only job now is to come online and look for who to vent their frustrations on.

Bring it on, its part of my ministry.i pray may GOD heal your demented souls

http://www.bloomberg.com/news/articles/2016-01-07/oil-producers-have-100-billion-wiped-out-in-worst-start-to-year

Crude’s plunge keeps piling on the bad news for oil producers, who are having the worst start to a year on record.

More than $100 billion has been wiped off the 61-company Bloomberg World Oil & Gas Index this year as it plunged to the lowest since August 2004.

It has dropped 5.6 percent, making it the worst opening to the year since the index started in 2003.

http://www.cnbc.com/2016/01/07/wall-street-set-for-tumble-on-china-turmoil-oil.html

U.S. stock index futures indicated a sharply lower open on Thursday after China news overnight added to concerns about global economic growth. Oil continued to slide, with U.S. crude hitting a 12-year low.

U.S. crude hit a 12-year low and continued to hold just above those levels, off more than 3 percent near $32.90 a barrel as of 8:16 a.m., ET.

Brent crude was also off more than 3 percent, struggling to hold $33 a barrel.

ogoo4real:
Peterichy Stanbic is not a good option at all.

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

The statement added that other resolutions passed at the Extra-Ordinary Meeting was the reduction of the bank share capital by a total of N7.5bn as a result of cancellation of 15 billion out of the 18.75 billion ordinary shares.

It said, The holding company will have 10 billion issued and fully paid up shares of 50 kobo each.

Following the share reduction, the number of shares held by a shareholder will accordingly change as four out of every five shares will be cancelled.

http://www.punchng.com/external-reserves-lose-112m-in-five-days/

The nation’s foreign reserves have fallen by $112m in five days to $28.960bn; the latest figures obtained from the Central Bank of Nigeria have shown.

The loss, recorded between December 31 and January 6, was the biggest in Nigeria’s reserves since the CBN implemented the use of Bank Verification Number in the forex trading.

BUHARI-ECONOMICS

http://www.bloomberg.com/news/articles/2016-01-06/oil-trades-near-34-as-record-cushing-stockpiles-exacerbate-glut

Turmoil in China’s markets is pushing oil closer to $30 a barrel.
Futures slid as much as 4.3 percent in London on concern the economic slowdown in the world’s biggest commodity consumer is worsening.

Brent for February settlement fell as much as $1.48 to $32.75 a barrel on the London-based ICE Futures Europe exchange and was at $32.87 at 2:43 p.m. Hong Kong time.

The contract dropped 6 percent to $34.23 on Wednesday, the lowest close since June 2004. The European benchmark was at a premium of 18 cents to West Texas Intermediate.

Bloomberg - China Halts Stock Trading After 7% Rout Triggers Circuit Breaker http://bloom.bg/1ZOCiok

Chinese stock exchanges closed early for the second time this week after the CSI 300 Index plunged more than 7 percent.

Trading of shares and index futures was halted by automatic circuit breakers from about 9:59 a.m. local time.

Stocks fell after China’s central bank weakened the currency’s daily reference rate by the most since August.

Oil price falls below $35 a barrel to fresh 11-year low http://www.bbc.com/news/business-35243442

Oil has continued its rollercoaster ride into the new year, with Brent crude falling below $35 a barrel for the first time in 11 years.

Brent crude sank by 4.2% to $34.88 a barrel, surpassing its late December fall, and taking the price to its lowest level since 1 July 2004.

The price of US crude dropped 3.3% to $34.77 a barrel.
The sharp falls followed a short-lived rally on Monday after Saudi Arabia broke diplomatic ties with Iran.

Goldman Sachs has warned that oil prices could go as low a $20 a barrel, but most analysts are expecting the price to stabilise in the second half of the year as supply from non-Opec nations slows and demand remains relatively robust.

ogoo4real:
Please name one or two stocks for short term profits of about 10% and above.

If you have the nerves try STANBIC.

http://www.cnbc.com/2016/01/05/oil-prices-edge-higher-after-dropping-to-near-11-year-lows.html?__source=newsletter|breakingnews

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely.

The furor over Saudi Arabia's execution of a Shi'ite cleric has stripped nearly 8 percent off the price of oil in the last three trading days alone and has killed speculation that OPEC members might agree on production cuts to lift prices.

Benchmark Brent crude futures were at $34.60 a barrel, down 5 percent on the day, and at their lowest since early July 2004, having staged their largest one-day drop in percentage terms in nearly five weeks.

U.S. crude futures were down $1.42 at $34.55 a barrel after already slipping 79 cents the previous day.

http://www.telegraph.co.uk/finance/oilprices/12084237/saudi-arabia-iran-tensions-brent-crude-oil-hits-11-year-low.html

Brent crude hits a fresh 11-year low as Iran says oversupply, rather than a new Middle East war, is the biggest threat to prices

Brent crude has slumped to below $35-a-barrel as the world's record oil supply glut weighs on traders.

The price of a barrel of the world's benchmark fell by more than 2pc to $34.83 in early trading on Wednesday, extending a third consecutive day of losses and hitting lows not seen since 2004.