Lamps08:


Oga emma, anybody don buy the car and plot of land. I am interested.

Badt man

Aks:
@angelo82 - Take it easy, this is an unusual time where global recession is hitting ALL especially with the continuous dwindling price of Oil, Commodities and economic downturn of China (Ripple effect across all nations). In our case, the wrongs of the past are being corrected at the moment and we have to endure b4 things take shape.

Smart Investors will still make money in this yuletide season as stocks are now recording RECORD LOW prices in 52 weeks : FBNH - N4.96, DIAMOND -N2.60, OANDO - N6.65, TRANSCORP -N1.85 etal

For now forget everything about oil related stocks because their near-future is very very bleak.

Am grateful to God, because I followed my heart, I opted out on time, and I will still follow my heart to move back again, at the right time.

A coalition of over 60 Civil Society Organisations, CSOs, in Nigeria, yesterday, decried what they termed “steady and continuous decline of the Nigerian economy” under the watch of President Muhammadu Buhari.

The groups, at a strategy meeting they held in Abuja yesterday under the aegis of ‎Nigeria Civil Society Situation Room, said there was urgent need for President Buhari to evolve a sustainable economic plan that will attract foreign investors into ‎the country.


He said: “The major challenge we are currently facing is that we cannot see the urgency of ‎this administration to improve the situation.

It was unfortunate that after the six months that it took to come up with list of proposed Ministers, those we saw are those that have always been around the hood.

“Why it took so long to forward their names to the National Assembly is quite a puzzle to us.
“Why Ministers who have been cleared have not been sworn in is also a puzzle to us. We are almost in the first week of November.

The laws are clear that government should have submitted its budget projections for 2016 by now.

He said: “Using six months just to share portfolios is not how to go about it. ‎Currently, there is fiscal disconnect. The revenue of the government has declined, relative to the Gross Domestic Product.

“Currently Nigeria has not been attracting foreign investment, we urge this administration to make the economy more attractive. Steady currency regime is required to spur growth”, he added.

[http://www.vanguardngr.com/2015/10/nigeria-economy-collapsing-gradually-csos-tell-buhari/]

PETERiCHY:


I said this sometime ago I foresee the ELEPHANT drinking the same bitter water UBN drank in 2009.

Above all STOCK MARKET of the 1990 analog era is far different from this current digital mago-mago era in other words thinking of selling your property to invest in stock without a first hand insider information is a GROSS idea.

*ThE OcToPuS*

First Bank of Nigeria Ltd., the country’s biggest lender by assets, paid a fine of 1.88 billion naira ($9.4 million) relating to a directive for banks to transfer deposits of state companies and entities to the central bank, the third major company to run foul of Nigerian regulators this week.

[http://www.bloomberg.com/news/articles/2015-10-29/nigeria-s-biggest-bank-fined-1-9-billion-naira-by-central-bank]

someone should assist me on how ton withdraw from morgan capital am not seeing anything on withdrawer on their platform

Raider76:
Market still dropping badly. It is not only Oando. What's happening?

The fall in Oando's price has to do with it's recently released results while that of UBA and FBNH is linked to the recent CBN fines. There are other banks involved but I'm not sure if their names have been revealed yet. Impairment charges everywhere... All these can create negative market sentiment.

Aks:
@angelo82 - Take it easy, this is an unusual time where global recession is hitting ALL especially with the continuous dwindling price of Oil, Commodities and economic downturn of China (Ripple effect across all nations). In our case, the wrongs of the past are being corrected at the moment and we have to endure b4 things take shape.

Smart Investors will still make money in this yuletide season as stocks are now recording RECORD LOW prices in 52 weeks : FBNH - N4.96, DIAMOND -N2.60, OANDO - N6.65, TRANSCORP -N1.85 etal

Five-year Low actually.

BUHARI is the one killing this economy.....#babagoslow

specialmati:
someone should assist me on how ton withdraw from morgan capital am not seeing anything on withdrawer on their platform

Send them an email stating your CSCS account number, the amount you wish to withdraw and your bank details.

Elai147:


Five-year Low actually.

OK...we dey wait for lower lows!

Omo... Una done see Stanbic IBTC Q3 results?
521.34% increase in impairments!

735i:
Omo... Una done see Stanbic IBTC Q3 results?
521.34% increase in impairments!

RIP Jesus

hbrednic:


RIP Jesus

What has the quote got to do with Jesus my brother?
Exodus 20:7

Aks:






Above is my response to Manie and FranklinRich on their posts as at Oct 11 wooing people to BUY stocks at that period.

Una dey make me laff.

This market is poised to continue its volatility. the economy is not in a good state and the volatility of crude oil prices will continue to impact the market. You just have to be very strategic and calculative when investing now. Anyone expecting the market to fly up with gains might be disappointed. If my brain serves me right, I remember saying that the market might still decline before this year runs out.

People can choose to sell off which is fine, for me I have been waiting for this decline since after the last one in August. Will be adding to my UBA position.

What is funny is that the same people attacking the market will come here in the next 2 to 3 months to start saying they want the market to fall so they can buy. Now that the market is giving them an opportunity they are bad-mouthing it. I guess it's different strokes for different folks!!!!

On one hand am happy the market is falling so that I can buy and on the other hand am worried about the leadership of the country as most norther president always set the country backward..................Buhari seems to be treading that path..............

PETERiCHY:
OANDO now @ N7:35k with no bid.

When i keep saying that STOCK MARKET is one the most organized gambling platform some keep arguing now we can all see for ourselves.

May GOD give those in that bus the fortitude to bear the loss.

"Those in that bus" kee!! Oga seems like you have sold your oando!! Na wa ooo after all the preaching about "safe heaven". I hope you told people when you were selling.

paulcube:


What has the quote got to do with Jesus my brother?
Exodus 20:7

It means I am shocked, a common slang where I live nothing to do with religion

https://www.nairaland.com/2699526/investors-losing-faith-buharis-govt

the end of all these is not in sight

Born2berich:
So no final dividend? I just checked the result again and noticed that. What kind of company pays interim dividend but no final dividend?

Did you receive the interim dividend?

Bros pity them na, see the huge negative retained earnings.

PETERiCHY:

The kind of debts and fine that OANDO is owning I dont think Federal Government can afford it.
I bite the bullet on first week of Sept but I'm better off now.
Dont worry by july 2016 when they are through with their share reconstruction couple with all their yeye forward looking statements we go come back.

FranklinRich:

"Those in that bus" kee!! Oga seems like you have sold your oando!! Na wa ooo after all the preaching about "safe heaven". I hope you told people when you were selling.

The Agric sector is doing well. Okomu Oil and now Presco posting good results. Government policies and drive are huge incentives. Can the likes of Livestock and FTN Cocoa exploit this opportunity?

passwelle:

Yes naa when I discovered there was no hope of getting dividend in the next 3yrs make I come die put

735i:
Omo... Una done see Stanbic IBTC Q3 results?
521.34% increase in impairments!

Chai... South African businesses dey hear am this year.
MTN - N1.4T fine
Stabbic - 521.34% increase in impairment
Dstv - coming soon
Shoprite - coming soon

let the dude above 9free day deceive himself thinking he is deceiving someone else,,,,,when we all know what he said shortly before oando result on planning to average up at 7 naira when it get there. so magic don sell his holding as thing turn bad now

PETERiCHY:


Yes naa when I discovered there was no hope of getting dividend in the next 3yrs make I come die put

Receive common sense!!

1) !! today you Red , tomorrow you Blue , cold today , hot tomorrow

Stockmarket don cause wahalaooo ..So no be only me lost tasere money

Thank God for past postings /comments

2 ) Chai !! that boss no show face again for days now ..he was blaming oando ..immediately they dug his past postings.. . We no hear comments anymore

i just dey laugh

PETERiCHY:
Some food for thought

This is the performance of First Bank from 2000 to date.

100k will buy 20,000 units of FBN shares in 2000.


Year Bonus Units
2000 20,000
2001 1 for 4 25,000
2002 1 for 5 30,000
2003 1 for 6 35,000
2004 1 for 8 39,375
2005 1 for 4 49,218
2006 1 for 25 51,186 ( Special distribution)
2006 1 for 1 102,372
2007 1 for 6 119,433
2008 1 for 4 149,291
2009 1 for 6 174,171
2010 1 for 8 195,000 units


Valued at over N3.8 million Naira

This post was made by our pa ewunmi over 2 years ago, when FBNH was 17 naira. At 5.47 naira, this same quantity is now worth just over 1.2 million naira (excluding dividends). All of a sudden is the investment made in year 2000 worth it??

Lesson: Buy and Hold may not always be the best

Culled.

Being a long term investors does not mean you invest and go to sleep, you need to keep on monitoring the fundamentals of of your company. I was an investor of Oando for about 20 years before selling all my holdings in 2013.

.................................................. ................................................


This is the dividend payment history of First bank from 2000 to date.


Year end Units Dividend Total dividend paid less WHT
Mar 2000 20000 N1.25 N22,500
Mar 2001 25000 N1.30 N29,250
Mar 2002 30000 N1.30 N35,100
Mar 2003 35000 N1.50 N47250
Mar 2004 39375 N1.55 N54,928
Mar 2005 49218 N1.60 N70,874
Mar 2006 51186 N1.00 N46,067
Mar 2007 102372 N1.00 N92,135
Mar 2008 149291 N1.20 N161,234
Mar 2009 174171 N1.35 N211,617
Dec 2009 174171 N0.10 N15,675
Dec 2010 195000 N0.60 N105,300
Dec 2011 195000 N0.80 N140,400
Dec 2012 195000 N1.00 N175,500
Dec 2013 195000 N1.10 N193,050
Dec 2014 195000 N0.10 N17,550




Total dividend earned between 2000 and 2003 is over 134k, which is already more than the 100k invested in 2000.


Total dividend earned from 2000 to date is N1,418,430, the investor could have used the dividends earned to increase his holdings, buy others shares, invest in treasury bills or real estate.

Lol that Peter dude is a funny individual. After all the divine manifestation and bible quotes about Oando getting to N1000 in 5 years, he's here trying to use comic relief to validate his nonsense guesses and conjecture. He repletes nothing but the highest degree of lies and hypocrisy.

lancee:
confusion !! today Red , tomorrow Blue

Stockmarket don cause wahala

The concern is new low might create new high.................Which means stocks like Access/Fbnh may never reach 10naira again..........That will wipe most people who are not trading their stock on daily basis............That will be too bad.............

PETERiCHY:


For now forget everything about oil related stocks because their near-future is very very bleak.

Not totally true, most oil companies on stock exchange are operating in the down stream sector.

The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals.

And they are all making profit from the oil price drop, because they are selling overpriced products to Nigerians even with subsidy .

The problem with Oando is overpaying for useless assets and going into the uncertain upstream sector.

Apart from Oando can you show us any other Oil company on the floor, with so much loss.