₦airaland Forum

Elections have been successfully held and winners declared. Why should anyone think May 29 has uncertainties?

Streetinvestor2:
What happens if the brokerage company is affected by what is happening to the bank. That is if thr main account enter voice mail .Will you be able to recover your money thr in full.That is in a situation you don't want to buy stocks because of the crash happening thr too.

Never heard of that. I believe most people will be speaking about it and the news will filter to clients. There must definitely be a heads-up.

There are some monies you can't keep under the pillow. It must be banked. So one needs to be aware of events happening around and you do you due diligence in selecting a good form to trade with.

RabbiDoracle:
Never heard of that. I believe most people will be speaking about it and the news will filter to clients. There must definitely be a heads-up.

There are some monies you can't keep under the pillow. It must be banked. So one needs to be aware of events happening around and you do you due diligence in selecting a good form to trade with.

I was going to ask a similar question. The slight difference is, mine is with the broker instead. What happens if the broker have issues and you have some balance you have not used to buy shares in your account with them. Something similar happened with Cash Craft. I know you can get the shares you already have through CSCS which was what I did with Cash Craft. What if I had money in my investment account? I am not sure the money would have come out because there were other customers that had other investments with them that are still struggling to get back their money.

Agbalowomeri:
Elections have been successfully held and winners declared. Why should anyone think May 29 has uncertainties?

This is a very nice and patriotic question.

There are 1 or 2 pointers around that may suggest why such insinuation is still coming up at this time when ordinarily everyone should be preparing to welcome a new government and adapt to a new style of doing things. One of such is the concern raised below:

https://www.nairaland.com/7627814/dss-raises-alarm-over-plot

There maybe several others but I can't delve into them because I am not a "politician" and this is not a politics thread.

Ordinarily, those discussions should not come up here on this thread. However, it can not be totally avoided because, when there are monetary decisions to be made, there is the need to consider all probable and even improbable cause of events that could happen and how it may affect your investment before committing your fund. We should leave gaslighting for politicians whose money are directly involved and focus more on how navigate situation when ever and however it comes.

We should just to take some statements here on face value and stop reading deeper meaning into them. Delving deep might raise some political discourse which will not be healthy for the thread.

With at least Five notable financial institutions either folding up or forced to merge in Q1 2023, one can but wonder what's to come in the rest of the year.

Agbalowomeri:
Elections have been successfully held and winners declared. Why should anyone think May 29 has uncertainties?

Comforting to see the number of likes here. I have added mine . It means that line of uncertainty is ruled out ! And my recent UBA buy basis is ok.

The remaining uncertainties are what the impact of currency shortages may have on Q1 & no surprises from Q4. As the NSE awaits a bull run while the US gets a bear run this year. China is already in a bull run.

Ire O.

BabsO2:
Comforting to see the number of likes here. It means that line of uncertainty is ruled out ! And my recent UBA buy basis is ok.

The remaining uncertainties are what the impact of currency shortages may have on Q1 & no surprises from Q4. As the NSE awaits a bull run while the US gets a bear run this year. China is already in a bull run.

Ire O.

Attached are the Chinese indexes (Shangai, Shenzhen and Hong Kong). These don't look bullish.

From these current levels, these Chinese indexes need to drop at least 45% to attract rapid interest. And that is towards 2008 low.

delvzy:
With at least Five notable financial institutions either folding up or forced to merge in Q1 2023, one can but wonder what's to come in the rest of the year.

On Friday, it was reported that US commercial banks borrowed $475B in just 1 week from Fed amid the banking crisis.

Almost half a trillion in 1 week!

Ike gwuru

Agbalowomeri:
Elections have been successfully held and winners declared. Why should anyone think May 29 has uncertainties?

I must respectfully disagree, as the fact that the presidential election is being contested on two fronts indicates that the situation is not yet stable.

Even after the handover, I anticipate that Mr. Tinubu administration will not be able to operate at full capacity until the lawsuits have been resolved.

While INEC has declared him the winner, the upcoming court proceedings will determine whether he was truly elected by the electorate. As such, the foundation is still unstable, and we will have to wait and see what the court proceedings reveal in the coming weeks and months.

In another news, some people are busy lamenting over banks in far-away America borrowing billions. Na your billions?

RabbiDoracle:
Attached are the Chinese indexes (Shangai, Shenzhen and Hong Kong). These don't look bullish.

From these current levels, these Chinese indexes need to drop at least 45% to attract rapid interest. And that is towards 2008 low.

My understanding is China will not join in having a market crash like the US in 2023.

If I find the basis for the expect non bearish run in China will revert. .

UBA Dividend??

BabsO2:
I think Naija's issue i.e. risk is currently more around politics than what is happening in the US. As a lot of the FPI's have repatriated their funds in 2020/2021. And because US assets are currently over priced while NSE stocks have relatively far lower PE's.

If May 29 doesn't sail through smoothly the NSE will most likely go down because investors don't like uncertainty. Apart from that it could drag businesses and the economy downwards and show up in NSE companies recording losses in year 2023. Hence justifying the market going down if a severe political turbulence occur.

As many or is it some have said if Q2 sails through smoothly the NSE will likely become bullish. Perhaps a weak bull due to the issues you noted in US and Europe. But this US/Europe issue is not impacting China drastically. Their GDP may drop from double digits of the last decade to about 6% as projected by them. Hence oil prices may remain at current levels or even go higher as less investments poured into ramping up production. And Nigeria has recovered slightly from the very low oil prod of 2022. This will support the NSE bull.

Also, if Q2 progresses smoothly politically in Naija, there is a likelihood the small net buy seen in 2022 from FPI's will become a bigger net buy as more FPI managers try to take positions in NSE in 2023. As Nigeria remains a growth area. The snag of devaluation will however make them cautious and not be too aggressive. For local investors an easy option open to mitigate devaluation is holding quality NSE stocks that may ride the inflation in Nigeria. At least mitigate it better than cash or Naira bonds.

The impact of the CBN Naira redesign will become clear next month when companies start releasing Q1 results. Not sure if it will impact banks negatively. But will likely have no impact on companies like Transcorp, Presco etc. If it impacts banks negatively. Bank share prices will start a race downwards and seem to align with what's happening in the US. But driven by entirely different issues.

Thr will be no bull run anytime soon.The locals can not sustain any bull run.The foreign investment listen to foreign media and they are not reporting anything good now about the country. Nevertheless, you will enjoy div in your uba be expecting nothing less than #1.00. The uncertainty is garnished in huge corruption. The weather is misty and cloudy. I won't be surprised if it rains soon.The political environment and the economy work hand in hand
If things go well in nigeria, I see what is happening in America as good news to our economy because the dollar will weaken against naira.Moreso with the removal of the corrupt subside if the fund could be channeled into better use.The biggest problem is the wolves holding the country by the neck

ositadima1:
In another news, some people are busy lamenting over banks in far-away America borrowing billions. Na your billions?

You don dey find trouble again
Whether konji don dey hol you again

Agbalowomeri:
You don dey find trouble again
Whether konji don dey hol you again

He follow pain you?

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ositadima1:
I must respectfully disagree, as the fact that the presidential election is being contested on two fronts indicates that the situation is not yet stable.

Even after the handover, I anticipate that Mr. Tinubu administration will not be able to operate at full capacity until the lawsuits have been resolved.

While INEC has declared him the winner, the upcoming court proceedings will determine whether he was truly elected by the electorate. As such, the foundation is still unstable, and we will have to wait and see what the court proceedings reveal in the coming weeks and months.

Just dey play!

BabsO2:
My understanding is China will not join in having a market crash like the US in 2023.

If I find the basis for the expect non bearish run in China will revert. .

Here is one of the expectations for China

Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023. “We believe the principal theme in the stock market will gradually shift from reopening to recovery,” Goldman Sachs said in a Monday note. As of Friday's close, the MSCI China index had lost about 8% since its Jan.20 Feb 2023

https://www.cnbc.com/2023/02/20/goldman-sachs-sees-china-stocks-surging-by-end-2023.html#:~:text=China%20Markets-,Reopening%20to%20recovery%3A%20Goldman%20Sachs%20sees%20China%20stocks%20surging%20as,24%25%20by%20end%20of%202023&text=%E2%80%9CWe%20believe%20the%20principal%20theme,about%208%25%20since%20its%20Jan.

RabbiDoracle:
Attached are the Chinese indexes (Shangai, Shenzhen and Hong Kong). These don't look bullish.

From these current levels, these Chinese indexes need to drop at least 45% to attract rapid interest. And that is towards 2008 low.

Below is the expectation for China.
Quote:
Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023. “We believe the principal theme in the stock market will gradually shift from reopening to recovery,” Goldman Sachs said in a Monday note. As of Friday's close, the MSCI China index had lost about 8% since its Jan.20 Feb 2023
Unquote:
https://www.cnbc.com/2023/02/20/goldman-sachs-sees-china-stocks-surging-by-end-2023.html#:~:text=China%20Markets-,Reopening%20to%20recovery%3A%20Goldman%20Sachs%20sees%20China%20stocks%20surging%20as,24%25%20by%20end%20of%202023&text=%E2%80%9CWe%20believe%20the%20principal%20theme,about%208%25%20since%20its%20Jan.

China will not follow the US bubble burst in 2023 is the consensus of most analysts.

.

RabbiDoracle:
Attached are the Chinese indexes (Shangai, Shenzhen and Hong Kong). These don't look bullish.

From these current levels, these Chinese indexes need to drop at least 45% to attract rapid interest. And that is towards 2008 low.

Thanks for sharing and dealing with the misinformation, bull run my a**...

https://twitter.com/quansimodo/status/1640099640849694720?t=sNWBOiNa7H_sJbyWuqDOUw&s=19

Here's a rundown of what happened in the stock market last week and what to expect this week.

pls which registrar has NAHCO? Thanks

toyeoye:
Thanks for sharing and dealing with the misinformation, bull run my a**...

Do you know how to read chart?
Can you see the hammer formation on the monthly?
Can you see a semblance of double-bottom?
Read these up and revert

Greetings to everyone,
Happy week of Audited accounts

To those looking for stock recommendations, different brokers issue theirs. IBTC Stockbrokers have three banks on their buy recommendation list with a bullish target price appreciation of 50%. Due diligence is required to follow these brokers as they could be unduly bullish or bearish sometimes. Now them no put Transcorp. Perhaps it's when the price reaches N2 or 3 that they will be bullish to recommend it

https://dailytrust.com/oil-production-rises-to-1-7m-bpd-fg/ This should be supportive to the economy and NSE
The Minister of Defence, Major General Bashir Magashi has said the onslaught launched against crude oil theft by the Nigerian Navy and other sister security agencies led to increased oil production of 1.7m bpd a step further from what was obtained in July 2022.

https://www.vanguardngr.com/2023/03/budget-2023-fears-as-oil-price-drops-3-to-73-87-per-barrel-2/ This counters any support from higher oil prices but good for the economy in that diesel & petrol prices will not be excessively high
There were fears, weekend, as the price of Nigeria’s premium oil grade, Bonny Light, dropped to $73.87 per barrel, from $76.37, recorded last week, indicating a fall of three per cent. The Federal Government had benchmarked the 2023 budget at $75 per barrel and 1.8 million barrels per day, bpd, including condensate, which Nigeria has the capacity to produce between 300,000 – 400,000 barrels per day, bpd.

Mfunkynation:
pls which registrar has NAHCO?
Thanks

CardinalStone...

ositadima1:
I must respectfully disagree, as the fact that the presidential election is being contested on two fronts indicates that the situation is not yet stable.

Even after the handover, I anticipate that Mr. Tinubu administration will not be able to operate at full capacity until the lawsuits have been resolved.

While INEC has declared him the winner, the upcoming court proceedings will determine whether he was truly elected by the electorate. As such, the foundation is still unstable, and we will have to wait and see what the court proceedings reveal in the coming weeks and months.

I dont agree...

Nothing tangible is coming out of the process...

Falae lost in court in 99.....Ojukwu in 2003...Pa Buhari in 2003, 2008, 2011.

Plus Atiku in 2007.......

Even the 1979 case btw Awolowo and Shagari was sent packin...

with simple technicality...

SC admitted that the judgement should not be taken as a legal precedent...
(That was Obasanjo arrangement)

Those folks know what to do if the need arise..

Willie2015:
CardinalStone...

I have sent mail to them one week ago but the are yet to reply my mail.

Mfunkynation:
I have sent mail to them one week ago but the are yet to reply my mail.

Is your enquiry on dividend mandate?

Willie2015:
I dont agree...

May I ask, what specifically do you disagree with? Is it that a legal case was filed by the other contestants, or that the court will sit?