I want to JIJO but network is frustrating...

yMcy56:
Dull market today...

KarlTom:
I want to JIJO but network is frustrating...

The network is very bad
Affecting many things including bank operations as learnt.
Hopefully, repairs will be finalize by weekend

https://www.nairaland.com/8030527/internet-outages-experienced-nigeria-over

https://www.bloomberg.com/news/articles/2024-03-14/ngn-usd-naira-official-black-market-rates-converge-goldman-sachs-sees-gains

Abeg make the naira start gaining quickly

BabsO2:
https://www.bloomberg.com/news/articles/2024-03-14/ngn-usd-naira-official-black-market-rates-converge-goldman-sachsI-sees-gains

Abeg make the naira start gaining quickly

Just wait and see what will happen if dollars goes down by #200.The panic sell it will trigger go be another level....na naija we dey

By December na 1k .let government close all those BDC and the banks should handle all foex transactions. The bdc guys should all go and farm to increase food productions

Who provoked GT and ZEE towards COB?
GT closed @48.45!
Up with +10% ....gained +N4.40

ZEE closed @39.70!!
Gained +N1.20

FBNH closed @37!! Gained +N2

Elephant pursuing ZEE

yMcy56:
Who provoked GT and ZEE towards COB?
GT closed @48.45!
ZEE closed @39.70!!

way my oga agba.Not like I believe he is not already in the market long.

Streetinvestor2:
way my oga agba.Not like I believe he is not already in the market long.

Agba go just dey vex within himself anyhow......
Chai!! More days of Garri drinking!!

GT about to touch 50!
The resilience of those stocks were top notch!

yMcy56:
Who provoked GT and ZEE towards COB?
GT closed @48.45!
Up with +10% ....gained +N4.40

ZEE closed @39.70!!
Gained +N1.20

FBNH closed @37!!

Elephant pursuing ZEE

Is this increase based on sentiment or value. Will it be okay to sell now and then wait for the price to ful then buy again?

What do you advise?

Gtbank will touch #60 and zenith #50 after another round of revaluation by first quarter of 2024 results.
The only problem is cbn restrictions on what the banks can do with the gains.Going forward they will be allowed to use them when naira appreciate and long time stability is achieved in forex
And some of this gains are nolonger paper gain as banks whr force to sell off a ratio of thr forex holdings

Streetinvestor2:
Gtbank will touch #60 and zenith #50 after another round of revaluation by first quarter of 2024 results.
The only problem is cbn restrictions on what the banks can do with the gains.Going forward they will be allowed to use them when naira appreciate and long time stability is achieved in forex
And some of this gains are nolonger paper gain as banks whr force to sell off a ratio of thr forex holdings

The CBN is in order not to allow banks use forex revaluation gains to pay dividends or for opex. It should be in a reserve account. This is because the exchange rate is not fixed and when naira stengthens, such reserves will come in handy to avoid rocking the boat. It's still part of equity and can be used to make money but shouldn't be seen as profits attributable to stakeholders.

Kwibaba:
Is this increase based on sentiment or value. Will it be okay to sell now and then wait for the price to ful then buy again?

What do you advise?

This question is honestly meant for my Ogas on top.
They're in better position to advice at this point.
*Modified*

BHG:
https://www.bloomberg.com/news/articles/2024-03-15/massive-africa-internet-outage-could-takes-weeks-months-to-fix?srnd=homepage-uk

Streetinvestor2:
way my oga agba.Not like I believe he is not already in the market long.

@Currentprice told him he exited much earlier...... additional N12+ now.....on top the price he probably sold

FBN I hope your dividend go hold this high price
JB if you touch #100 na japa to another stock with the money oh .Make dividend reach #4

chillykelly86:


The CBN is in order not to allow banks use forex revaluation gains to pay dividends or for opex. It should be in a reserve account. This is because the exchange rate is not fixed and when naira stengthens, such reserves will come in handy to avoid rocking the boat. It's still part of equity and can be used to make money but shouldn't be seen as profits attributable to stakeholders.

for me the bolded is the key, imagine 500bn revaluation gain from UBA being invested in TB at current rate of over 20%, that is an assured 100bn profit for 2024 FY without any cost involve (no depositor to pay interest on the capital because it is part of equity)

chillykelly86:


The CBN is in order not to allow banks use forex revaluation gains to pay dividends or for opex. It should be in a reserve account. This is because the exchange rate is not fixed and when naira stengthens, such reserves will come in handy to avoid rocking the boat. It's still part of equity and can be used to make money but shouldn't be seen as profits attributable to stakeholders.

Note that the fx revaluation gains are largely unrealized.

robobo:


for me the bolded is the key, imagine 500bn revaluation gain from UBA being invested in TB at current rate of over 20%, that is an assured 100bn profit for 2024 FY without any cost involve (no depositor to pay interest on the capital because it is part of equity)

D rate is a plus for the banks..
Q1 2024 should look nice..
My portfolio is leaning towards Banks...

https://www.nairaland.com/8031235/cbn-insists-banks-cant-pay

This has been the pattern and policy of CBN when banks is about to release, or has released their result indicating forex gains. Thereafter, this news will depress the market (especially banking stock) for a while before picking up again. The coming week will indicate if the same scenario will repeat itself.

yMcy56:

This question is honestly meant for my Ogas on top.
They're in better position to advice at this point.
*Modified*

...more upside potentials for some banks

Willie2015:


D rate is a plus for the banks..
Q1 2024 should look nice..
My portfolio is leaning towards Banks...

The rates increase is the upside, the CRR increase is the downside.

**Above are for the banks. But, I believe both are good for stabilizing the economy and even putting it on better footing.

yMcy56:

Agba go just dey vex within himself anyhow......
Chai!! More days of Garri drinking!!

GT about to touch 50!
The resilience of those stocks were top notch!

No be Oga Agba fault ooo, Na Ichimoku strategy and Fibonachi retracement cause confusion in d midst of Elliott wave.
The confusion generated by these technical waves made Oga Agba indecisive for too long.
He believes, Zenith is going to crash to Km 17,
GTB @km 18.
From all indication, his last investment in NGX was June 2023.
The dead bone shall rise again.
Agba will deal a major blow to NGX when the index obeys Ichimoku strategy at ASI of 45,000 by 2038.
Lol

Frangel:


Note that the fx revaluation gains are largely unrealized.

.How? Didn't cbn ask them to sell down composirly this yr.The ratio is what I don't know but it was significantl and has remained a policy.I believe they should have 50% or above real gain and not paper profit

And this bank ceos are part of the government. They will never allow thr paper gains to turn to paper lose without taking action

Mankind2024:


No be Oga Agba fault ooo, Na Ichimoku strategy and Fibonachi retracement cause confusion in d midst of Elliott wave.
The confusion generated by these technical waves made Oga Agba indecisive for too long.
He believes, Zenith is going to crash to Km 17,
GTB @km 18.
From all indication, his last investment in NGX was June 2023.
The dead bone shall rise again.
Agba will deal a major blow to NGX when the index obeys Ichimoku strategy at ASI of 45,000 by 2038.
Lol

Na my oga you dey talk to like this....haba 2038

ndept:
NGX would soon come and carry you from your house to be ringing opening bell for start of trading on the floor

You can say that again

Streetinvestor2:
.How? Didn't cbn ask them to sell down composirly this yr.The ratio is what I don't know but it was significantl and has remained a policy.I believe they should have 50% or above real gain and not paper profit

And this bank ceos are part of the government. They will never allow thr paper gains to turn to paper lose without taking action

You're right. With the sell down and gain realized, should be part of distributable profit/working capital. For the 2024 financial year. Not 2023 FYE benefits.

Looking like Q1 2024 financials for some of them would be very good.

Oak and Saffron Limited acquires Presco Plc’s owners, SIAT Group https://nairametrics.com/2024/03/15/oak-and-saffron-limited-acquires-presco-plcs-owners-siat-group/

What is likely to be the impact of this on shareholders of presco.

Locotrader:
Deadly truth & other investors of IEI,

I am still waiting for the answer of the question I asked yesterday.

IEI will be trading at a bargain junction today.The stock is likely to touch #1.21 today.

If they still have their minority shareholders in mind, buying at the lowest price of #1.21 today shouldn't be neglected.

My worries
I learned the core investor bought the company 100% at 1.60 per share.Based on their latest report, the core investor has 50.6% of the total shares.From my findings, the core investor has applied for a mandatory takeover bid of the remaining 49.4% which belongs to the minority shareholders but at what price?

Whichever way, the stock at #1.21 down to #1.00 is a win win and I will be entering the stock at it's 10% loss today.

Still expecting your views/opinions on this matter.

Which one is IEI bro? Couldn't find it on investing.com app
Have been following your contributions on the thread and I will say kudos to you.
Have bought some champions and tip stocks after checking their fundamentals which kind of suite me aside champions free cash flow report.

megawealth01:
.......

Pls check your mail

Mankind2024:
The confusion generated by these technical waves made Oga Agba indecisive for too long.
He believes, Zenith is going to crash to Km 17,
GTB @km 18.
Agba will deal a major blow to NGX when the index obeys Ichimoku strategy at ASI of 45,000 by 2038.
Lol

2038? Lmao 🤭
Chai!! Oga Agba don do Garri strong thing ooo
Since he started patronizing this common man's food, the price just dey jump up and up

Good day guys, I'm new here...

I'm but a humble student who's interested in learning all i can about proper investment as i will soon be graduating from the university.

Nairaland had played a big role in my life in terms of guidance and advice from well experienced superiors, i wouldn't be where i am today if not for some wise advise from fellow nairalanders, currently in school and doing well (at least better than most of my mates ), trying to set a good foundation for my future after school.

i'm 25 and i am interested on starting a journey on investing and would really appreciate any advice that will help me succeed in this path.

Thanks in advance.

sirrotex:
CSCS

. Please send an email to the registrar again and copy Sec.provided you have done the needful I e completion of dividend mandate form ,your dividend will be paid fast.