₦airaland Forum

Mpeace:
Pa Emma, what in your opinion could be the implication of the over $461mil (90billion naira) helios/vitol JV deal and why did they deliberately refuse to include it in the released results. WT remains unpredictable and unworthy of trust. In my opinion, this result was released to make some pple sell their holdings while WT and co mop them up before releasing the 3rd qrt result. I wouldn't advise anyone to sell, until the 3rd qrt result is out. Wt that I have come to kn would not just release such a bad result. It is either he wants to declare for bankruptcy (after laundering all the company's money) or he is planning some grand scheme. Only time will tell.

Their next result will probably take another 1yr before coming out.

For those of you that didnt invest your "LONG TERM IDLE FUND" It's still better for you to sell off and have your peace of MIND.

Like I said about 4months ago, OANDO admin is as confused as the present Nigeria govt bcuz they don't know how to recoup the money they spent on campaign due to fallen oil price.

What's actually happen was devious Wale and cabals has initially wanted to use the COP deal noise to short-change the ordinary investors

But GOD proved to those crooks that he knows the end from the begining since the deal was sealed on 31th of july 2014. Oil price has been on steady decline from $115 to below $50 now. So that put them in dilemma.

Infact it got to a point I uploaded a movie called "WOLFS of the WALLSTREET" on this forum for investors to see what exactly is going on in OANDO but some still ignored it.

The BITTER TRUTH is OANDO is now in a state of BANKCRUPCY and their ONLY chances of survival will be if WALE and his fellow crooks decide to vomit all the funds they siphoned from the company of which i know they will never ever be in a haste to take such action.

All those huge cross-deals your guys see from time to time is been done among themselves to prop-up their daily average trade for it to look as if something is happening.

Note:
From onset I never advice anyone to buy OANDO with a long-term fund but with a "LONG TERM IDLE FUND"

The above information is the true state of the company he that has ears let him hear.

*ThE OcToPuS*

manie:
I also experienced what you guys suffered, I guess investors are now wise. I hope to join the train, if it touches N4 and below.

Even if OANDO sell for 50kobo before devaluation GOD knows I won't touch it.

angelo82:
There are better things to do with idle funds but not catching a falling knife.......................

History always have a way of repeating itself.

Before in your widest imagination will you believe that FO will go back to N300 from N9 after many years in the wilderness ?

Likewise TRANSCORP went back to N7 it IPO price from 50kobo also after 5yrs. Of which I benefited from it having bought mine @53kobo.


Well i only pity those invested there short term fund,

As for me and my household we are waiting for OANDO @N6 after NAIRA DEVALUATION.

*ThE OcToPuS *

Born2berich:
Bros, you don start....Remember that 2 years has already been wiped out of the 5years remaining 3 years left and you originally stated that it will reach N1,000 in 5years time and not N100.

Mind even one month is enough for a stock to appreciate 2000%.

WALE and his colleagues are very greedy set of species.

They will make sure they use every available means to scare away the ordinary investors then buy cheap before the stock can make any meaningful progress.

FO is where it is today bcuz the owner has a very substantial amount of it.

Agbalowomeri:
Who wan stink?

Typo error. I meant stinkingly rich

myjoy08:
I just hope Sir Peterichy will understand that the "Cowboys, Shark, and The Men in Black" don't give a damn about your emotion or what you feel about the company. My heart is just bleeding and worrying concerning the innocent investors/traders who used their hard earned money to buy this company shares. Only God know what you are feeling right now...

I still maintain my stand that OANDO will make long termers stinkingly.

From onset i issued a very loud and scary warning that OANDO is strictly meant for "LONG TERM IDLE FUND"

And that those with short term fund of any sort should stay out off the kitchen.

Imagine grabing it @N6 now only to end up selling @ above N100 in 4yrs time

* ThE OcToPuS*

More than four months after his inauguration in late May 2015, President Muhammadu Buhari finally submitted his list of ministerial nominees on 30 September.

Currently undergoing a vetting process by the Senate, candidates are yet to be assigned their cabinet portfolios, but Buhari has already appointed himself minister of the most lucrative, opaque, and corrupt ministry of all: petroleum resources.

Although this could prove to be a positive step following Buhari’s recent overhaul of the state-owned Nigerian National Petroleum Corporation (NNPC), much is yet to be done to address pending corruption probes and reform of a sector that constitutes about 11% of GDP, 94% of export revenues, and 70% of government income.

Tackling the prevalence of oil theft and insecurity in the Niger Delta, as well as the approval of the Petroleum Industry Bill (PIB) that has been stuck in parliament since 2009, will be crucial for the recovery of a sector that is proving to be a strain on the Nigerian economy.

In the absence of an economic policy team, investors are becoming increasingly weary of Abuja’s ability to address downside risks.
Although Buhari is implementing encouraging reforms in the oil sector at a time when the non-oil sectors are gaining ground,

investor confidence may plummet further if the government continues to drag its feet.
Crude troubles
Although decreasing, the weight of oil on the Nigerian economy is still too important to be neglected.

The previous administration proved to lack the necessary resolve to address the two most important phenomena affecting crude production and revenue: oil theft and misappropriation of funds.

For years, and particularly during the Jonathan administration, oil has been stolen from export terminals, pipelines, and tanks – sold thereafter in foreign black markets.

In addition, oil funds have recurrently gone missing, as first evidenced when the former central bank governor Lamido Sanussi denounced $20 billion in misplaced oil receipts from the NNPC, only to be sacked as a result.

To add fuel to the fire, former militant leaders of the Niger Delta have threatened to resume agitation in the country’s oil epicentre at a time when Buhari has terminated the petroleum pipeline protection contracts with companies owned by ex-militants ahead of an imminent expiration of the amnesty program for former insurgents this December.

The politicisation of the oil industry has therefore proven to be a fundamental hindrance to its progression.

[http://www.businessinsider.com/investors-weary-of-nigerias-oil-trouble-2015-10] is good,have a look at it!

angelo82:
You know November is around the corner.........I hope you are ready to cherry pick..............

That will only be possible after DEVALUATION.

For now CBN can go on with their SHENANIGANS

[http://www.foxnews.com/world/2015/10/21/imf-calls-for-nigeria-to-allow-its-troubled-naira-currency-to-continue-to-drop/] is good,have a look at it!

The IMF is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy.
Analysts said there's disappointment that President Muhammadu Buhari's long-awaited Cabinet list includes no economic stars.

The naira has lost 25 percent of its value in the past year and the stock market has plummeted because of political uncertainty and halved prices for oil that provides most government revenue.

Nigeria's Central Bank has defended the naira by restricting access to foreign currency and banning a long list of imports.

The International Monetary Fund's Africa director, Antoinette Sayeh, said those measures are "quite detrimental." At the IMF meeting that ended in Peru this week she called for Nigeria to leave the naira to the marketplace.

http://www.vanguardngr.com/2015/10/breaking-tribunal-orders-re-run-in-akwa-ibom-gov-election/

This River State and Akwa ibom state oil APC are seeking by force will soon set the country on FIRE.

Investors should take note.

*ThE OcToPuS*

NextProdigy:
I bought at 4.30.
Bought more at 4.25
Bought more at 4.21
Have BUY mandates to buy more at 4.17 and 4.12 today.

Will only SELL when prices start going up.

You can NOT time the market. The only SURE thing is that prices GO UP and GO DOWN.

Have a strategy that BUYS when prices go down and SELLS as prices go up.
This has worked for me for over 10 years of my foray in investing in the Nigerian Stock Exchange.

Wish y'all the BEST investing.

Cheers.

Where were you 2 months ago when it was selling for N3

http://www.bloomberg.com/news/articles/2015-10-19/opec-brings-oil-price-war-home-in-pursuit-of-asia-s-cash

When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition.
Suppliers from the Organization of Petroleum Exporting Countries have long moved in lockstep, raising or lowering prices in tandem.

Now, Kuwait is undercutting Saudi Arabia by the most on record and Iraq is also selling its oil more cheaply than the group’s biggest member. Qatar is pricing cargoes at the biggest discount in 27 months to competing crude from the U.A.E.’s Abu Dhabi.

“It’s a full-on fight for market share within OPEC,” said Virendra Chauhan, a Singapore-based analyst at industry consultant Energy Aspects Ltd.

“That’s even as the group tries to fend off a rise in non-OPEC production from countries such as Russia, Brazil and the U.S.”
The battleground is the Asia-Pacific region, which will account for about 34 percent of global oil demand in 2015,

Kuwait’s official price for its Export Blend crude to Asia was a record 65 cents cheaper than Saudi Arabia’s similar-quality Arab Medium crude in October and 60 cents for November. The difference has widened from 40 cents at the beginning of 2014.

Iraq’s selling its Basrah Heavy grade $3.70 a barrel below Saudi Arabia’s Arab Heavy variety, the biggest discount since April when Iraq started marketing the oil.

Qatar Land crude is $1.20 a barrel cheaper than Abu Dhabi’s Murban, the most since official selling prices were set for June 2013, according to data compiled by Bloomberg.

The spread was as narrow as 40 cents in May.
As they seek to cement relationships with long-term customers, OPEC producers including Saudi Arabia are competing among themselves, as well as with suppliers from outside the group,

While OPEC predicts improving demand for its oil next year, there may be more supply from one member. Iran, OPEC’s fifth biggest producer, may boost output to 3.6 million barrels a day within six months if international sanctions against the country are eased, the IEA said on Oct. 13.

The nation pumped 2.8 million barrels a day in September, data compiled by Bloomberg show. The additional supply may end up replacing similar grades from Saudi Arabia, Iraq or Russia, the agency said.

“There will likely be much more competition within OPEC when Iranian exports increase,” said Ehsan Ul-Haq, a London-based analyst

Elai147:
This post is not specifically for The Octopus but the general house, especially the MHs. I hate it when people post statement like the above. What if the opposite had happened? What if the President had agreed to further devaluation and the market continued in the direction of its current trend, would you have come out to say that what you predicted didn't happen? The answer is NO. We come out to make noise only when the market trends in the direction of our prediction. If it trends against our prediction we'll automatically go incommunicado regarding the issue. We need Change!

Mind you I'm affected too, its just that I've stop injecting fresh fund into my portfolio for some months now.

angelo82:
Volume is abnormally low............

Some moons ago i said DEVALUATION is the CATALYST that will set the market back on track but some of you termed it a selfish interest.
Now what is happening?

Well you cannot display your GOODS and be the one to buy it at the same time.

We are keenly waiting for CBN to say the TRUTH till then investors will continue to bear to the BRUNT.

ukay2:
Good morning stock gurus..


Is Nigeria Flour mills stock good to buy @ N20 or N21 for short to medium term investment?

Cc:
My joy
Peterich
Manie
Feelamong
Angry bulls
Etc

Thanks

Well all I can say is that FLOURMILL is a PYRAMID of WEALTH.

Sub N21 is a bargain. looking forward to their FY result come APril 2016.

FOOD FOR THOUGHT

A stressed man was in his office thinking
deeply. Suddenly one man ran inside. shouting
"Paul, Paul, Paul your daughter Swanta just had an
accident and died"

Shocked and confused, he jumped out of his
office through the window. As soon as he
does, he remembered his office is on the 7th
floor, as he descends lower, he remembered he
doesn't have a daughter called Swanta, still
descending, he remembered he's not even
married, just 2 floors b4 he hits the ground,

he
remembered his name is not Paul...!
Luckily for him, he fell on a Lorry carrying foams.

MORALS
...
Stop thinking too much in this world of troubles..
God is always in control.. Relax, Grab a glass of
chilled Juice, and also......
Keep praying until something happens.

dappy22:
House,

Whats going on in Okomu Oil Plc. Its has appreciated significantly in the last 3 days.

CC
Myjoy08
Agbalowomeri
Mercilicious
Peterrichy

DEXTER should be in a better position to answer that question

Above all its all part of the AGRICULTURAL stock I ve been talking about.

Though bear in mind its has gain 100% frm a low of #19 on AUG 27th to today's intra high of #39. So it may likely dip below #30 before making another meaningful progress.

Some bank currency dealers, who spoke to Vanguard yesterday, said that the Central Bank of Nigeria, CBN, has tightened noose on their foreign exchange transactions with customers by reducing amounts available to individuals.

According to them effective November 1, they will effect a reduction in the annual international spending limit on Naira debit cards from USD50,000 to USD25,000.

Consequently, for customers requiring transaction spending above the limit, they will be required to obtain a dollar debit card by opening an individual domiciliary account funded by electronic transfer to ensure continued card usage abroad.

This would effectively curtail usage of foreign exchange reserves by individual travellers as they would be required to fund such accounts from sources other than the official foreign exchange windows.

It would also track usage of the Naira debit cards for illicit funds movements out of the country.

http://www.vanguardngr.com/2015/10/more-forex-restrictions-coming-nov/

And they want us to believe that Dollar rate is rightly priced

FOOD 4 THOUGHT

bigass:
I saw Oando in my dreams. It reached 6.78K

seemples:
How come Amechi resemble PETERiCHY?? ..chief noisemaker

MENTAL SLAVERY is the worst form of slavery.
It gives you the illusion of freedom, makes you trust, love and defend your oppressors while making an enemy of those who are trying to free you.

Those are APC change agents

.

ihedioramma:
yes now. if not were is our brother's and sister's ? .

Some dey mountain while others go vacation

ihedioramma:
Myjoy08 who pass here now?

Pa ihedi you mean say people dey hide comot from market now Abi wetin

http://af.reuters.com/article/nigeriaNews/idAFL8N1274UQ20151007


Barclays will consult with its index users on whether Nigeria's sovereign debt should remain in its emerging market local currency government bond benchmark, the bank said on Wednesday.

Barclays listed the "eligibility of Nigeria for inclusion in the EM Local Currency Government Index" among the primary topics to be considered in its annual review process, according to a statement, though it give no additional details.

Africa's largest economy has taken a hammering from the steep drop in oil prices since mid-2014. An exclusion by Barclays could add to its list of financial headaches after rival index provider JP Morgan announced in September it would drop Nigeria from its index, citing a lack of liquidity and currency restrictions.

Barclays said the consultation would run through October and results will be published shortly afterwards. Nigeria is one of 19 countries which make up the index and the only one from Africa apart from South Africa. According to Barclays, Nigeria's bonds had a weighting of 1.2 percent on Oct. 6.

Bloomberg - Saudi Cash Burn Drives Foreign Reserves to Lowest Since 2013 http://bloom.bg/1PdkZcK

The biggest Arab economy is showing signs of strain after oil prices tumbled about 50 percent over the past 12 months, pushing authorities to search for savings and sell bonds for the first time since 2007. The government, so far, has been short on specifics on how it will reduce spending, though planners are said to be considering measures long viewed as off-limits or unnecessary, including phasing out fuel subsidies and investing in renewable energy.

Bloomberg - Abu Dhabi Said to Explore Asset Sales After Slump in Oil Price http://bloom.bg/1MdWreD

Abu Dhabi is reviewing its largest state-owned companies as the slump in crude oil pressures the emirate’s finances, four people with knowledge of the matter said.
Abu Dhabi National Energy Co. and International Petroleum Investment Co. are in talks with banks on options including strategic partnerships, share sales and asset disposals, the people said, asking not to be identified because talks are private. Mubadala Development Co., an investment fund, is considering further divestments after selling most of the assets in its joint venture with General Electric Co., according to the people.

[Oil price fall may continue till 2017 – OPEC] is good,have a look at it! http://www.punchng.com/business/business-economy/oil-price-fall-may-continue-till-2017-opec/

Why is everybody hiding i thought you are waiting for the ministerial list and the Saints are finally here.

Enjoy the CHANJI

PETERiCHY:
For now even if Buhari appoints all his cabinet members from West Germany including President Mitchell as chief of staffs, it will no longer cause any rally.

The tempo is already down its only a superlative results that can trigger the market.

[http://www.bloomberg.com/apps/quote?ticker=NGSEINDX:IND] is good,have a look at it!

Saudi Arabia cut pricing for November oil sales to Asia and the U.S. as the world’s largest crude exporter seeks to keep its barrels competitive with rival suppliers amid sluggish demand.

Saudi Arabian Oil Co. reduced its official selling price for Medium grade crude to Asia next month to a discount of $3.20 a barrel below the regional benchmark, compared with a $1.30 discount for October sales, the company said Sunday in an e-mailed statement. The discount for the Medium grade to Asia, the main market for Saudi crude, widened by the most since the state-owned company made a $2 a barrel cut in February 2012, according to data compiled by Bloomberg.

Bloomberg - Saudi Aramco Cuts Crude to Asia, U.S. Amid Weak Demand http://bloom.bg/1M3uf2e

CRUDE OIL will rebound in 3years time.

Those betting on it now will lose their shirts. except it's your "IDLE FUND"

*ThE OcToPuS*