₦airaland Forum

ahiboilandgas:
The name digital agriculture alone look like scam to me very unreal .....if we want to dp agric let cultivate 1 hectar of rice for x amounts,harvest x amounts of rice , mill and purity and make sale ....remove cost of production of the rice from sale to get profit ....if its 30 percents r.o.i then a firm can issue profits of 12 percenct to investors .....but any thing can happen ...flood ,pest , drop in price ,earthquacks etc ....so return is not guaranteed unless insured ....

That is how it is...sharing profit will be more realistic.
Nothing is guaranteed in agriculture in Nigeria.

emmanuelewumi:
Try forex or Digital agricultural if you get the liver.

Not for me sha

Most of those digital agriculture are ponzi scheme in disguise.
Anyone who has been into practical agriculture in Nigeria will know tha the returns they are promising are not realistic and not sustainable.

As for forex, if he can trade himself, good but if it is about giving money to some group of people claiming to be experts in forex trading, I will say no.

MrTour:
Do you mean cash withdrawals at the bank?

The amount you can spend with your card.

olujaidi:
I gather GT is rationing dollars now to $1.5k. can someone please confirm?

I don't understand your question.
If you are talking about limit, I think it is now $500 per month. Same with zenith and fbn.

BullBearMkt:
I suggest he should talk to you guys - The Fundamentalists, to know if the company's book & managements are still trustworthy...

You presented a balanced TA. That is why I always look forward to your analyses.

BullBearMkt:
If I may add 1 or 2 things to the earlier contributors, technically DANGCEM is closer to a long-term than when you bought it. There is no need selling it now. However, a break below 110 will be more dangerous, in that case the stock price might re-visit below 100.

And if it breaks below 110, what should he do

leo1234:
They didn't do anything different. All banks have been doing the deduction silently without alerts.

https://www.nairaland.com/5956839/access-bank-reverses-decision-stamp


Useless bank.

sophy17:
They are doing some things differently that calls for concern. Maybe not with you.
They have been deducting atm card maintenance fee from my account that I do not possess atm card. On one occassion that I went to my branch for another lingering complaint, I seized the opportunity to drop a letter of complaint. My money was refunded aftet 48 hrs only for them to deduct it again after 24 hrs.
Anyway, I am not surprised, as it has been their way. I stopped using my access bank ac many years ago. I only find myself in their trap again after they merged with Diamond and I immediately stopped funding the ac so they are only deducting the change left in my account.
I blame CBN for this mess. They are only quick to saction banks when it will generate income for CBN as against when it will benefit bank customers.

I was also with diamond back before access came.
I have not been enjoying their services since the merger. It is just unfortunate that I have most of my dividend mandated with the account.

leo1234:
Access bank trending on Twitter over stamp duty charges deduction.
Imagine getting debit alert of 10k for accumulated stamp duty charges.

They sent me that useless message that they did not pass on the stamp duty deductions to my account for the month of February to April.
They want to deduct the money now and I should therefore found my account.

Payunsin:
I have uba, zenith, fcmb, fidelity, jberger, wema, wapco, chams, ardova, wapic , honflour almost all at various losses in my portfolio. I am thinking about 2 options either I sell all, count my losses and run or sell all and use the proceeds to gamble only on Uacn. Pls advise.

I don't think you are ready for stocks.

Care4:
I'd be busy tomorrow in a remote location, is it possible to place an order this night or tomorrow before the market opens?

How do I do that on Morgan. I do it on my other platform, IOFS.


@mcy56 and other Morgan Capital user, please.

I don't use Morgan but I will make a suggestion.
Place your orders with your limits, adjust the number of days the orders are supposed to lapse from a day to at least two days.

NL1960:
Yes now but people that want to hype will tell you it is $1 to 1 GHS.

H

emmanuelewumi:
It is now C5.80 to $1.

Even though it was C1.00 to $1 about 13 years ago.

When the old C10,000 was redenominated to C1

OK.
That means the cedi is also depreciating.

ojesymsym:
@the bolded, is that the case? Did you check the historical decline even after their redenomination against the USD?

I have not been following the exchange rate in Ghana.
Someone said 1cedi = 1 dollar and that was why I put the 'if' in my statement.

GonFreecss1:
The fact that people keep forgetting this and think Ghanian currency is stronger than ours is funny.

After Rand, Naira is the next best thing in Africa.

Strong is a relative term.
Investors are more interested in the stability of currencies than the nominal value attached.

If Ghana cedi is 1 cedi to a dollar since they removed those zeroes till now,then they must be doing something that Nigeria is not doing with the way our currency has depreciated over time.

ositadima1:
The point I was try to make was that some FPIs and other deep pockets can enter the market codedly without announcements expecially for highly liquid stock that trade large volumes on d daily basis.

Zenith and some other stocks can swallow 10 million usd in the space of three months without raising price considerably. That is what I assume, I may be wrong.

When FPI enter the market, the brokers will know and once the brokers are aware it cannot be a secret again.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/30612_JAPAUL_PLC_-_AGM_CORPORATE_ACTIONS_JUNE_2020.pdf

Japaul the Gold digger.

lol, japaul gold

ojesymsym:
I do not see how Nigeria can ever have a unified exchange rate, people who move in illegal money will always need the backend exchangers as well as those who are not necessarily doing anything evil but not want to be tracked.

Unified exchange rate does not involve the black market..It will only reduce the spread between the official rate and the black market rate.
It is about all the Windows where CBN intervenes in one capacity or another.
We had about 5 before, I think it is about 3 now.

ahiboilandgas:
i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

That is what the IMF has been advocating.
We are shortchanging ourselves with multiple exchange rates.

BullBearMkt:
Most Sectors Are Performing Below The Market Index, But Not Insurance Sector

Insurance sector on NSE ASI index has been performing very well in 2020. However, in this recent decline in the market, Food and Beverages/Tobacco sector - WHITE LINE (along with Consumer Goods Sector - LIGHT GREEN) has stated to turn upside while the general market is falling.

I think these 2 sectors may likely perform better than the market going forward. The insurance sector (PUrPLE LINE) is still doing well, as it's already above the market (BLUE LINE). Get some "perceived" good fundamental stocks in these sectors to start aligning with as the market declines.

Sector analysis sometimes gives better market breadth which we can use to gauge the market.

Best of luck.

Youtube

https://www.youtube.com/watch?v=i33DJWo6pd8

PLAN YOUR TRADES AND TRADE YOUR PLANS

Well done

ojesymsym:
But with the price of crude crashing this year being our only major income source why the surprise?
Look at it like this, if crude oil increases the revenue side will increase so that the debt to revenue ratio will also begin to reduce. In my opinion, it was bound to happen being a mini economy.

If you want to borrow money,one important factor to consider is the ability to pay the loan back.
We have taken too much loan in recent years than what our revenue can cope with.
Before the recent fall in oil price,we were already using more than 50% of our revenue to service our debt. We keep increasing our debt everyday while revenue was not increasing.

To make matter worse, pmb advisers said borrowing in dollars was better than in naira and they kept increasing foreign denominated loans at alarming rate.
With a fall in oil price,we had no option than to devalue our currency.
That official movement of naira to dollar exchange from about 305 to about 360 increased the cost of servicing our dollar denominated loans by about 15%.

I don't know how this will end but I know Nigeria economic situation is in a very bad shape.

GonFreecss1:
Bros. I am one of the pioneers of buy Eurobond funds or USD assets to save your investment. We will still be here and nothing will happen. Crude oil price went below 20 usd per barrel. What did we expect?

But for the government to start defaulting on Bonds. Lol! I say no more.

I am not saying people should not invest. I am an investor myself.
I am only saying that our economy is not in good shape and cannot be compared to that of USA

GonFreecss1:
What will make “Nigeria” start defaulting on bonds, then the next target will be Tbills, which if it happens I can guarantee your money in your bank account is also as good as not being able to be withdrawn.

All this fear will just make people not to invest, even the USA has massive debts. Better Economy? Still massive Gargantuan debts.

Does this mean people should rush and buy crypt0? Bt1c and the rest? Or Gold? And become speculators?

Don't compare USA economy with Nigeria o.
They can continue to print dollars to run their economy, Nigeria cannot print dollars to service her foreign denominated loans.

And talking about debt to GDP, that is not a good metric to measure debt sustainability.
Debt to revenue will be more appropriate. In q1 2020, Nigeria used about 99% of her revenue to service her debts. Q2 figures will likely be worse .Who does that and survive?

BullBearMkt:
Higher Time Frame Indicates Next Resistance Level To Be At 26,200

NSE next strong resistance level is at 26200 but recent weekly selling pressures on the index could mean a possible decline to a support level before market finally hit the resistant. A 50% fib level decline rejection is what we will be looking at, however, market may continue going up (not falling to 50% fib level) or declining even much below. A rejection at a good level is the key strategy!

Youtube Analysis

https://www.youtube.com/watch?v=zHbLL-VQkwE

PLAN YOUR TRADES AND TRADE YOUR PLANS

Good to see you here again sir.
Welcome back

DexterousOne:
The game is changing?

I doubt sha.
But that's me.

Certain things are still sacrosanct


Bullish run with no fundamentals is like walking on quick sand
Las las it will always end in tears.

I was looking at financials of some US companies yesterday and was not impressed.
Prices have run ahead of earnings and most of their stocks are overpriced.
Is like people no longer care about earnings again.

talk2tonie:
5% was charged outrightly.
#2,500 was charged maybe for administrative fees
Which is a total of 22,500+2,500= 25,000. Hence you were credited with 425k
425k divide by 12= 35,417 monthly.
I maybe wrong but this is what I was able to come up with. I will advice you contact the concerned financier for more clarification.

There should be a moratorium of about 3months.
The guy should go and read the offer letter.
It is most unfortunate that many who collect loans from financial institutions in Nigeria don't read the offer letter.

PharmAlfred:
Wow! That's a big red flag.

It is one of the cheapest stocks on NSE right now.
Liquidity is however a major issue.
They have not been paying dividend for sometimes which explains investors apathy against the stock thou that is understandable given the fact that they need to shore up their capital to meet required capital base.

Going forward, I think it is a good stock for those who can be patient.

DexterousOne:



Trader and investor no be same
You know how it is sir.

Traders will trade
Investors will invest

At the end of the day
Who gets burned will be burned

And who smiles will smile

Yes sir, both traders and investors will make money.

emmanuelewumi:
There is a reason why my mentor is the most consistent member of the Forbe league table, bring on the table for close to 4 decades

DexterousOne:
Brother Powell has distorted the markets

Even companies wey suppose don die are rallying at unbelievable percentages

Na siddon look I dey

All the yoyo traders are now claiming experts, telling us that the Oracle of Omaha is old school for selling some of his stocks and staying on cash.

GonFreecss1:
Print money, dash people and then people buy stocks just because. If care is not taken, it will end in tears.

It will most likely end in tears.
When price are up with no underlying fundamental to support it that is not the best time to buy unless one is a trader.