myjoy08:

jamace:

mystockyear:

Godisfaithful:

i

currentprice:

myjoy08:

spicytayomic:

http://businessdayonline.com/2015/08/uproar-at-exchange-as-union-diagnostics-withdraws-proposed-dividend/

Things dey happen oooo

Excellent7:
This market is really tricky.
Can't believe what I am seeing.
If this is correct; total offer of about 500 million (over 50 million available) offer for Access with no bid as at 12.25 hrs.
Seems like massive dumping to me.
Does anyone have any info we do not know about?
Are we getting less than expected performance in their H1 results?

Probably Amcon is dumping.................Just a thought..................

Investmind:
http://businessdayonline.com/2015/08/uproar-at-exchange-as-union-diagnostics-withdraws-proposed-dividend/

Things dey happen oooo

Did they not have a meeting before declaring dividend? Why rwithdraw it after declaration? Which kind mago mago country be this self.

bigass:


i don tire for all of una. if price fall una go shout bear oooo if price go up una go shout trap. na wa ooo

Dear the best thing to do at times is to keep mute and smile regardless of whatever u see here.Just stick to what work for u after doing ur dd by weighing d negative and positive of ur intended final decision before the eventual activation of ur final decision.

Investmind:
http://businessdayonline.com/2015/08/uproar-at-exchange-as-union-diagnostics-withdraws-proposed-dividend/

Things dey happen oooo

Na wa for NSE sha...

Born2berich:
Did they not have a meeting before declaring dividend? Why rwithdraw it after declaration? Which kind mago mago country be this self.

According to the NSE, “although the company recorded a profit for the half-year ended 30 June 2015, its revenue reserve is still in the negative as the interim profit could not wipe off the negative reserve.” Did the shameless NSE not see this before approving and publishing the dividend on their website? We should only buy into reputable blue chip coys because dis our NSE has magical powers.

lancee:

Elai147:


According to the NSE, “although the company recorded a profit for the half-year ended 30 June 2015, its revenue reserve is still in the negative as the interim profit could not wipe off the negative reserve.” Did the shameless NSE not see this before approving and publishing the dividend on their website?

Elai147:


According to the NSE, “although the company recorded a profit for the half-year ended 30 June 2015, its revenue reserve is still in the negative as the interim profit could not wipe off the negative reserve.” Did the shameless NSE not see this before approving and publishing the dividend on their website? We should only buy into reputable blue chip coys because dis our NSE has magical powers.

Useless deem fit coys my foot.I invest only in reputable coys.All technically dead and scam bait stocks are all out of my trading and investing cache.

Born2berich:
Did they not have a meeting before declaring dividend? Why rwithdraw it after declaration? Which kind mago mago country be this self.

Hope say zenith no go change their mind , access not declaring interim div and also gtb and my oando ''joke of the yr ''with no dividend .wonder what will happen next

All the money o

bigass:


fbnh 2.11 exit price target 17.81
ubcap 0.51 exit price target 3.81
zenith 7.11 exit price target 42.11
GTB 10.11 exit price target 37.11
Access 1.51 exit price target 15.11

THIS IS MORE LIKE IT

Madam biggy, why your own come be missile.

This your missile fit kill 40% of people in this country and render our economy useless.

Choi you wicked ni

9free:

According to Oga oracle of SMN; "Your portfolio is just like your wife, you don't go to the market to make a public announcement whenever she is on her period."
Peace....

You're partially right.

This NSE na jazz.

[quote author=Youngzedd post=36957069]This NSE na jazz.

It seems all our banks has d same mission.: To cause HBP.

Nigeria Central Bank Chief Risks Reputation With Naira Plan
Daniel Magnowski
August 13, 2015 — 6:00 PM EDT Updated on August 14, 2015 — 7:38
Nigerian central bank Governor Godwin Emefiele says he’s on a mission to transform the economy. That’s not what investors are seeking.
While the collapse of oil revenue in Africa’s biggest crude producer has limited the bank’s ability to prop up the currency, Emefiele, 54, has resisted pressure to devalue the naira. Instead, he has imposed foreign-exchange restrictions on imports, risking growth in the continent’s largest economy as retailers and manufacturers struggle to source the funds needed to run their businesses.
Emefiele has deflected criticism of his performance 14 months into the job by highlighting the central bank’s need for an expanded mandate on monetary policy. He wants the bank to play a more developmental role, including creating jobs and facilitating loans to “productive” industries. Investors say he’s neglecting his main job.
“The tragedy is that over the past few years, the Central Bank of Nigeria built up credibility for reforming, for inflation targeting, establishing itself as one of the more orthodox central banks in Africa,” Holger Siebrecht, an associate portfolio manager at Acadian Asset Management LLC, said by phone from Boston. “Now it is at risk of gambling this reputation away.”
In a Bloomberg survey of nine economists carried out between July 30 and Aug. 4, two-thirds rated Emefiele’s record on managing the naira as either ‘very poor’ or ‘poor,’ and only one respondent judged his overall performance as better than ‘fair.’
Oil Slump
A former chief executive officer of Zenith Bank Plc, Emefiele took office in June last year, pledging to lower interest rates and opposing calls to devalue the naira. Five months later, he raised the benchmark rate to a record 13 percent and lowered the naira peg by 8.4 percent to a midpoint of 168 per dollar. In February, he scrapped the peg.
Since then, Nigeria has elected a new president, Muhammadu Buhari, oil prices have dropped below $50 a barrel, the government is struggling to pay its workers’ salaries and pressure is mounting for another devaluation. While the central bank is happy with the naira trading at about 199 to the dollar on the interbank market, black market dealers are selling the U.S. currency at closer to 225.
“Governor Emefiele continuously denies that the currency is overvalued, and pushes back from devaluation, when market forces are quite clearly saying something completely different,” said Siebrecht.
Sanusi’s Legacy
Emefiele’s predecessor, Lamido Sanusi, had won acclaim from investors for cleaning up a banking industry near collapse in 2009, bringing inflation below 10 percent and keeping the currency stable.
Ibrahim Mu’azu, a spokesman for the central bank, denied that the currency policy is muddled, saying by phone from Abuja, the capital, that the regulator has been consistent in its “demand management” approach.
Buhari, who took office on May 29, has yet to name a finance minister or articulate his economic plan for Nigeria, where growth is forecast by the International Monetary Fund to slow to 4.8 percent this year from 6.3 percent last year.
“Emefiele seems unable or unwilling to sell the economic case for devaluation to the country’s political leaders,” Alan Cameron, an economist at Exotix Partners LLP, said by phone from London.
Currency Curbs
“He wants to portray the CBN as a source of economic stability in a time of political change, even though in reality he might be doing quite the opposite,” he said.
Recent comments suggest Emefiele sees his job as unconfined to the narrow disciplines of traditional central banking.
“Central banks in developing countries like ours cannot sit idly by and concentrate only on price and monetary stability,” he said in a June 24 speech in Abuja.
In June, he stopped importers from using official foreign-currency channels to pay for about 40 types of goods including steel products, furniture and textiles. If he had the authority, he would have banned their import outright, he said.
The naira has weakened 7.8 percent against the dollar on the interbank market this year, pushing inflation outside the central bank’s 6 percent to 9 percent target band for a second month in July. The currency was trading at 199.05 per dollar as of 12:36 p.m. on Friday in Lagos, the commercial capital.
Emefiele’s development goals mean very little if they distract from more pressing economic issues, said John Ashbourne, an economist at Capital Economics in London.
“If, as looks likely, inflation continues to rise, it will not be very comforting to hear about his vision of a new Nigeria,” he said in an e-mailed response to questions. “Investors are going to judge him by the here and now, which isn’t particularly impressive.”

[quote author=Youngzedd post=36957069]This NSE na jazz.
hello myjoy what's happening with Niger insurance. Did U notice recent transactions?

Agbalowomeri:


Depends on your plan; we will all read this thread in two years and some people will regret all these short term focus. In an averagely priced market stocks with a ROE of 20% sell at P/E of 10-15, dividend yield of around 5%, P/B of 2

I believe in the phenomenon of 'regression to the mean'

Thank for this, but traders cannot appreciate the current situation in the market.

stokfrick:
psycologically, short term traders like some of us here have been programmed to do short term jijo which is only viable during bull or sideways period and as such are being forced 2 develope d quality of patience, a rare virtue. For medium to long term investors, bearish periods such as these r seen as answers to their prayers as these r opportunities for them to make money cos all they need do is just invest more to average down.

You are correct.

Can one make withdrawals on Saturday from Morgan, since the wire withdrawals as opposed to normal bank teller deposit. Been trying to make withdrawals since Tuesday, up till now,nothing. The customer care sucks.

Na so you need money pass me

Youngzedd:
Na so you need money pass me

lol, its just crazy bro.

Hi everyone, i dont know if here is the best place for this, but figuring its a place for like minds in the investment world of corporate Nigeria, here i go: I am an Economics graduate from the Lagos state University, School of part time studies(had a 2.2), and also a student of the Chartered Institute of Stockbrokers(wrote the final exam for the Diploma in Investment and Securities early this month), and trusting God for a good result. I just want to start "spreading my tentacles" in search of a job in the investment world. Would really love to join up with you gurus in the house making calls on stocks and other financial instruments here. pending when the result is released, just wanted to make my intention known. thanks in anticipation

angelo82:



This is not emotional attachment but fact.........How can FBNH trade at 2Naira?.........What kind of theory is that?............That guy should get off his med............

Look.


FBNH made a fundamental mistake with their core business model. They exposed thems3lves to bad loans in the oil/gas sector.


No matter how big you are, if you fail at your core business, you're dead.

Ogas in d house that uses TRW stock charts. Pls what's d full meaning of these symbols among the list of stocks under the section ticker symbols- NSELOTUSISLM and NSECNSMRGD ?

stokfrick:
Ogas in d house that uses TRW stock charts. Pls what's d full meaning of these symbols among the list of stocks under the section ticker symbols- NSELOTUSISLM and NSECNSMRGD ?

NSE Lotus Islamic Fund Index &
NSE Consumer Goods Index

Hello everyone, any news about the recent transactions in Niger insurance?

PETERiCHY:




One thing most investors fail to understand is that over 95% of fund that is meant to exit the market has been pulled by last week. This week we should expect a sideway trading then after the election come and see the great grand father of BULL which last the rest of 2nd quarter then market correction will set in between 3rd and 4th quarter that's when a lot of pigs will get slaughtered.

*ThE OcToPuS*

I gave the above prediction on 23rd March 2015,

Likewise since mid-last year i ve been screaming that short term traders should stay off the market.

Well one good thing about the BEAR is that it humbles the doubting Thomases and move them closer to GOD.

Above all it creates a wonderful BARGAIN opportunity for long-term investors, @ this junction I will still advise short term traders to cut and run with their losses because we are still on a long scary ride

*ThE OcToPuS *

PETERiCHY:



I gave the above prediction on 23rd March 2015,

Likewise since mid-last year i ve been screaming that short term traders should stay off the market.

Well one good thing about the BEAR is that it humbles the doubting Thomases and move them closer to GOD.

Above all it creates a wonderful BARGAIN opportunity for long-term investors, @ this junction I will still advise short term traders to cut and run with their losses because we are still on a long scary ride

*ThE OcToPuS *

From the above quote,how low do you think Access,UBA and FBNH will reach?..................

Somebody gimme my meds!