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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:37am On Dec 29, 2015

http://mobile.reuters.com/article/idUSKBN0UB01X20151228

Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering dried up and players worried that crude prices had more room to swoon in the new year.

Brent settled down $1.27 at $36.62 a barrel, after falling to a session low of $36.52. It hit $35.98 on Tuesday, its lowest since 2004.

Brent also settled below U.S. crude's West Texas Intermediate (WTI) futures for a fourth straight day, showing its waning influence over WTI after this month's decision by the United States to lift a 40-year ban on U.S. crude exports.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:09am On Dec 29, 2015

http://www.vanguardngr.com/2015/12/2016-economic-growth-fg-world-bank-disagree-over-budget-target/

Contrary to the projections of the World Bank that pegged the Gross Domestic Product growth rate at 3.7 per cent, the Federal Government economic agenda as contained in the 2016 budget breakdown insisted on GDP growth rate of 4.37 per cent thus making it ambitious.

Earlier this year IMF cut its growth forecasts for the global economy on the back of a slowdown in China, looming recession in Russia and continuing weakness in the eurozone.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:06am On Dec 29, 2015

http://www.vanguardngr.com/2015/12/cbn-now-to-allocate-forex-to-end-users/

ABUJA—The Central Bank of Nigeria, CBN, is now to allocate foreign exchange to end-users, with priority given to matured Letters of Credit, importation of petroleum products, raw materials and machinery.

This is in a bid to effectively manage the nation’s depleted foreign reserves.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:49am On Dec 29, 2015

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.

4 Likes 2 Shares

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:38am On Dec 29, 2015

http://saudigazette.com.sa/saudi-arabia/up-to-50-hike-in-fuel-prices-from-today/

RIYADH The Council of Ministers on Monday decided to increase petrol prices by more than 50 percent for some products from Tuesday.

The price of lower-grade petrol (Octane 91) for a liter was increased to 75 halalas from the current 45 halalas, a 67 percent rise, while the price of higher-grade unleaded petrol (Octane 95) was hiked to 90 halalas from 60 halalas, a hike of 50 percent.

Prices will also increase for electricity, water and sewage, diesel and kerosene, the Saudi Press Agency reported quoting a Cabinet statement.

Saudi Aramco said in a statement it was immediately closing petrol stations until midnight on Monday, when it will resume sales at new prices.

According to the Cabinet decision, prices of natural gas, kerosene, Arabian light and heavy crude oil, heavy fuel oil, ethane, and butane have also been revised. The new prices for these products will be effective from Jan. 11.

The Cabinet also approved revision of electricity tariff.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:12pm On Dec 28, 2015

ufotty2001:
are u telling me that out of 11yrs in NSE it is only 2011 and 2015 that u did not favour you.... nawahoooooooooo!!!!!!! l must invest in 2016 and make 1m per 3mths start up cost 100k... so that I will be like u

I wasn't in the market 2008 and 2009 and if at all I will trade in 2016 it will be in the beginning of the 4th quarter.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:49pm On Dec 28, 2015

http://www.cnbc.com/2015/12/27/oil-prices-weaken-post-christmas-us-crude-defends-premium-over-brent.html

Crude prices fell 3 percent on Monday with Brent back near 11-year lows and trading lower to U.S. crude,

pressured by weak Japanese consumption of oil and renewed worries about oversupply.

U.S. gasoline also fell about 3 percent.

Crude futures slumped in Asian trading as Japanese data showed a 46-year low in oil sales in the world's fourth largest crude buyer.

They slid more in the New York session,

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:16pm On Dec 28, 2015*

Agbalowomeri:
Hahaha so u made huge loss in your save haven and last week u came out shouting buy 'Oando" because fuel subsidy will be removed

#OlodoRabata

Well in all my trading years only 2011 and 2015 didn't favor me.

Mr 200% profit you sound like someone NSE favoured this year.

Honestly I'm happy for you and I pray may subsequent years favor you the way 2015 did.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:58pm On Dec 28, 2015*

Bloomberg - The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere http://bloom.bg/1IxRzpo

It's the worst year for asset allocation funds since 1937.

The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015.

In fact, if you judge the past year by which U.S. investment class generated the largest return, a case can be made it was the worst for asset-allocating bulls in almost 80 years, according to data compiled by Bianco Research LLC and Bloomberg.

After embracing everything from Treasuries to high-yield bonds and technology shares amid seven years of zero-percent interest rates, investors found themselves with nowhere to run at a time when the Federal Reserve’s campaign of stimulus drew to an end.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:14pm On Dec 28, 2015

And let me chip this in most of this people you see that register with multi usernames and keep shouting buy buy buy are under a stock brokers payroll. So if people don't buy stock how will their management make money to pay their salary.

Likewise they use those multiple usernames to generate likes for their selfish purpose.

This almost my 11yrs in NSE, believe it or not STOCK MARKET is a side attraction and a gambling bisness.
So don't invest what you can't afford to lose.

Last year overall i made good profit while this year I still thank God for being able to starve my huge OANDO losses down to around N1.1million deficit .

So NEWBIES its better you know what you are getting into and don't be deceived.
14days from now the picture will get clearer.

*ThE OcToPuS*

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:47pm On Dec 28, 2015*

duni04:
Very shameful that someone will give this kind of analysis in the 21st century. I shouldn't invest in the stock market in 2016 because corrupt politicians will sell their assets, how ridiculous!

Don't worry in 2016 if you don't sell all you have and put in the stock market then the shame will be on you.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:45pm On Dec 28, 2015

duni04:
Very shameful that someone will give this kind of analysis in the 21st century. I shouldn't invest in the stock market in 2016 because corrupt politicians will sell their assets, how ridiculous!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 2:07pm On Dec 28, 2015

http://www.punchng.com/businesses-have-lost-n1-46tn-to-forex-shortage-lcci/

The Lagos Chamber of Commerce and Industry said private operators have lost about N1.46tn as a result of the foreign exchange constraints being experienced in the country over the last six months.

This is coming just as the Federal Inland Revenue Service has hinted the citizens will pay higher taxes from next year as a means of shoring up the nation’s revenue.

Politics › Re: Military Release Statement Over Clash With Boko Haram Members In Maiduguri by PETERiCHY(m): 11:21am On Dec 28, 2015

The Nigeria army are not telling us the truth. I heard from a reliable source yesterday that 4 armies were killed and 3 witj bullet wounds are receiving treatment.

So it's better they keep quite and do their job than all this propagandas.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:46am On Dec 28, 2015

Justcul:
sir, is this a personal opinion or what? remember, thi is a public forum..

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 huh

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:23am On Dec 28, 2015*

ufotty2001:
thanks but which penny shares do u think will be OK at 1st quarter..

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*

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:16am On Dec 27, 2015

PRAY FOR NIGERIA!

If oil drops to $20 next year, there would be dire consequences on the economy.

(1) Oil revenue will drop from N820bn to under N300bn, since cost of oil production is above $15/bbl.

(2) Tax Revenue will drop by a significant amount - since Petroleum Profit Tax (PPT) and Company Income Tax (CIT) of oil companies contribute a lot to Tax Revenue.

(3) Foreign Reserves will drop under $20bn.
(4) Naira will collapse to around N300/$ officially.

(5) Budget deficit will either increase or govt won't be able to implement it's budget.

(6) Many states will not be able to pay salaries or do any capital projects.

(7) Unemployment will increase, GDP will shrink and Nigeria will officially be in a recession.

(8.) Rating Agencies (like Moodys) will downgrade the country to Junk status.This will increase the yield (interest) on our debts.

(9) The Stock Market will crash as investors run away from the country's financial assets

(10) Pension Funds who invest in the capital market will have their assets drop in value, thereby putting the funds of pensioners at risk.
etc.

https://www.youtube.com/watch?v=Z4jDP2d5vjo

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:58am On Dec 26, 2015

angelo82:
Don't be too sure................Devaluation could be done by January.............

Yes devaluation is inevitable will happen anytime soon so for those their fund is trapped in Naira the best bet for now is to buy more landed property before the inevitable come.

Wait till mid-Jan by then everywhere don red. Infact that will be my no1 project next year.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:23am On Dec 26, 2015

http://www.punchng.com/nigerias-gas-revenue-drops-by-50/

The dip in gas revenue was partly as a result of the sustained fall in global natural gas prices since last year and increased supply in the market.

From a peak of $6 per million British thermal unit last year, the natural gas price has fallen below $2 per mmBtu this year. It was trading around $1.98 per mmBtu.

The NLNG Limited had recently warned that its revenue was being threatened at the international market amid the fall in global oil prices.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:10am On Dec 26, 2015

locodemy:
Dear Peterichy,all you could do is to wake up this morning,created a new user account tagged 'MONITORINSPIRIT' and wish your fellow nigerian bearish season.i am very very sure you are the one manipulating this.One thing i will tell you is you must reap what you sow.

What do i stand to gain by using an anonymous account huh

Yes whatever a man sows, he shall reap and thats exactly the fruit Nigeria is now reaping,

During the oil boom the past leaders never made provision for the future rather they we busy siphoning the oil wealth.

Look at smaller nations like UAE that are now leveraging on the massive infrastructures they built with their oil wealth and even went ahead to removed fuel subsidy this year due to falling oil price.

So the situation on ground is not what one can wish away instead we should expect the ground tilling to start by next year.

1 Like

Nairaland General › Re: Nairalanders Share Your Xmas Selfies by PETERiCHY(m): 7:44am On Dec 26, 2015

Merry Christmas and a blissful new year to all Nairalanders.

*ThE OcToPuS*

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:39am On Dec 26, 2015

http://www.bloomberg.com/news/articles/2015-12-24/oil-bankruptcies-reach-highest-quarterly-level-since-recession

Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas.

At least nine U.S. oil and gas companies that accounted for more than $2 billion in debt have filed for bankruptcy in the fourth quarter, the bank said Wednesday in its energy economic update for the final three months of the year.

"Lower oil prices have taken a significant financial toll on U.S. oil and gas producers, in part because many face higher costs of production than their international counterparts do,"

"If bankruptcies continue at this rate, more may follow in 2016."

Since peaking in October 2014, U.S. oil and gas employment has fallen by 70,000 jobs, the analysts wrote in the report.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:30am On Dec 26, 2015

http://www.vanguardngr.com/2015/12/imf-predicts-oil-price-slump-to-20-in-2016/

THE days ahead may just be harder than envisaged as the International Monetary Fund (IMF) yesterday, said crude oil prices may slump to as low as $20 per barrel in 2016.

Following the release of the “IMF Executive Board Concludes 2015 Article IV Consultation with Iran” report, the body highlighted that the price of crude oil could drop between $5 and $15 in 2016.

*NOTE*
IRAN cost of production is around $1.5 per barrel while
SAUDI ARABIA cost of production is around $2 dollar per barrel.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:20am On Dec 26, 2015*

myjoy084:
Sir, If that's what you wish for yourself, good-luck! Do you think if there's a complete crash of our economy(market) you will survive it? Always be careful of what you wished for. Anyway, as for me and my house, 2016 is our year of many blessings, breakthrough, victory, happiness, good health, and a year of positive turnaround for our dear country Nigeria. With God, Nigeria shall overcome its present challenges and you will be disappointed!

Oga Myjoy, i dont know the owner of that moniker but you overlooked the message and was attacking the messenger.

Yes Nigeria will be great again agreed.

Even the bible made us to understand that as long as the earth remain
"SEED"
"TIME" and
"HARVEST"
shall never cease.

2016 and 2017 is the TIME it will take for the Nigeria SEED to germinate.

In other words it will be a very trying period and Nigerians will go through excruciating pain of pregnancy before the NEW NIGERIA will be birth.

All tose looking for quick and easy money will be highly DISAPPOINTED e.i STOCK MARKET.

That was why i have been laying emphasis on AGRICULTURE since middle of this year because the era of OIL MONEY which happen to be the CHIEF BEDROCK of corruption is DEAD and BURIED.

*ThE OcToPuS*

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 5:33am On Dec 26, 2015

MonitorinSpirit:
Merry Xmas. I wish u all a bearish 2016; a year of mergers & acquisitions, and a complete market crash of a crumbled economy.

He that has ears let him hear what that SPIRIT is saying because flesh and blood didn't reveal it to him.

*ThE OcToPuS*

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:39pm On Dec 23, 2015

https://www.thecable.ng/december-salaries-under-threat-as-state-allocations-drop

Some states may have difficulty paying Christmas salaries as a result of the drop in federal allocation. At the December meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja, Kemi Adeosun, the minister of finance, revealed that the statutory allocation to the three tiers of government declined by N103.95 billion.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 4:13pm On Dec 23, 2015

http://www.zerohedge.com/news/2015-12-23/someone-bets-big-15-crude-opec-forecasts-oil-demand-slumping-until-2020

Someone is betting that OPEC will be woefully wrong in its price forecasts, and is buying puts that see oil plunging as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return to the market and the resilience of production from countries such as Russia raise the prospect of a prolonged global oil glut.

http://www.bloomberg.com/news/articles/2015-12-23/opec-sees-demand-for-its-crude-oil-falling-for-rest-of-decade

OPEC said demand for its crude will slide to 2020, though less steeply than previously expected, as rival supplies continue to grow.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:45pm On Dec 23, 2015

http://www.cnbc.com/2015/12/23/oil-back-at-95--but-only-in-24-years-time-opec.html

Oil prices will take decades to recover and will still not reach the peak seen in recent years, according to the latest World Oil Outlook (WOO) from OPEC.

In the group's latest outlook on supply, demand and prices to 2020 and 2040, OPEC predicted that a barrel of oil would cost (in real terms) around $70 by 2020 and $95 by 2040,

A far cry from a high point of $114 a barrel last seen in June 2014 before prices began to plunge on oversupply.

On Wednesday, a barrel of benchmark Brent crude cost $36.51, a shade above WTI at $36.47.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:11am On Dec 23, 2015

http://www.vanguardngr.com/2015/12/immigration-arrests-man-29-with-870-atm-cards-in-kano/

Suspect of the presidential task force on money laundering and illegal movement of foreign currency, Tukur Ibrahim, informed Vanguard that Immigration operatives at the airport arrested the young man in his late 20s when he was singled out for scrutiny.

Tukur Ibrahim disclosed that the suspect lost his composure and psychological make up at that moment and on frisking a total of 870 ATM cards were found on him.

While noting that the suspect concealed the ATM cards under his groin, Tukur gave the breakdown of seized ATM cards as

Ecobank, 24;
GT Bank, 118; Access Bank, 170; Diamond Bank, 71; Sterling Bank, three; Keystone Bank, nine; Skye Bank 34 and UBA Plc, eight.

According to the Immigration official, other confiscated ATM cards also include
Wema Bank, three; Zenith Bank, 20; Heritage Bank, 21; Standard Chartered Bank, 10;
First Bank, 42;
Union Bank, 26; Stanbic IBTC, 30; Unity Bank, 45; Fidelity Bank, 40 and FCMB, 196.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:59am On Dec 23, 2015*

Born2berich:
Click like if you are ready for a mini bull.

Buhari wasted a whooping 7months just to reward his party faithfuls with ministerial post,

He's likely to use the whole of 2016 for his phoney corruption fight and as well try to claim some of the oil producing state for APC.

So expect countless court cases and counter court cases,

That's aside oil price that's heading towards $20 soonest and you are here still talking about mini bull huh

Well na the way to take repatriate my money wey NSE chop remain I dey find since CBN don block our forex card.

Wish you guys Goodluck.

*ThE OcToPuS*

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 8:11am On Dec 23, 2015

http://www.thestreet.com/story/13405763/1/oando-energy-resources-enters-into-agreement-with-oando-plc-for-oando-plc-to-acquire-oer-minority-shares-for-a-consideration-of-us120-per-share-in-cash.html

Oando Energy Resources Inc. (" OER" or the " Company" wink

(TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced that it has entered into a definitive agreement (the " Arrangement Agreement" wink

with Oando PLC and Oando E&P Holdings Limited, a private company incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of Oando PLC (the " Purchaser" wink

, under which the Purchaser would acquire all of the issued and outstanding common shares of OER (the " Common Shares" wink

, excluding the Common Shares held by Oando PLC and those held by M1 Petroleum Ltd., West African Investment Ltd. and Southern Star Shipping Company Inc. (collectively, the " Institutional Shareholders" wink

(such Common Shares, excluding those of Oando PLC and the Institutional Shareholders being the " Minority Shares" wink

, pursuant to a plan of arrangement (the " Plan of Arrangement" wink

for cash consideration of US$1.20 per share (the " Consideration" wink

, subject to the receipt of relevant lender consent and regulatory approvals.
Oando PLC holds, either directly or indirectly, 746,107,838 of the Common Shares, representing approximately 93.7% of the issued and outstanding Common Shares.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 7:19am On Dec 23, 2015

http://www.cnbc.com/2015/12/21/us-crude-futures-jump-ahead-of-peak-winter-demand.html

U.S. crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report of a surprise dip in U.S. inventories and the potential for more exports in an oil market which still suffers from ballooning oversupply.

Front-month U.S. West Texas Intermediate (WTI) crude futures were trading at $36.38 per barrel at 0340 GMT, up 24 cents from their last settlement.

Brent crude earlier traded as low as $36.28 a barrel, briefly flipping WTI from a long-standing discount into a slight premium over the international benchmark for the first time since a short period in November 2014. Brent edged back to $36.44 by 0340 GMT.

Except for November last year, WTI has traded at a discount to Brent since 2010.

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