₦airaland Forum

I would say that I have been following your posts and I admire your broad knowledge so far,more grace to your elbow !!

I would like to get some insight from you my broda,I bought some shares in 2001 at the defunct Oceanic bank which is now ecobank during their IPO sales and I haven't followed up on how the shares have been faring because I have no dedication to it but presently I want to build up my portfolio through stocks and I'm now willing to buy more shares mostly penny stocks and blue chips,I want to trade in medium and long term. I would need your advice as to what best I can do to achieve my goals in succeeding. I await your response, God bless ad happy Sunday !!

ikofageorge1:
Happy Sunday to you beloved mercylicious,I'm intending to get serious with stock market trading and I am in need of advice as to which companies are reliable at the moment. I'm planning to invest on medium and long term stock. I'm considering penny stocks and blue chip stocks. IS THERE ANYONE ON THIS THREAD THAT CAN OFFER ANY RELIABLE ADVICE?

God bless Nairalanders !!!

You already mentioned the names...

its building up from last week . . see volume trend

Mon 152 million
Tues 170 million
Wed 588 million
Thurs 618 million
Fri 628 million

Mon20th: ?? million

fxuser:
its building up from last week . . see volume trend

Mon 152 million
Tues 170 million
Wed 588 million
Thurs 618 million
Fri 628 million

Mon20th: ?? million

What stock are u referring to pls...

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/14017_ECOBANK_PRESS_RELEASE_CORPORATE_ACTIONS_JUNE_2016.pdf

"A separate Extraordinary Meeting saw various other resolutions passed. With regard to the consolidation of shares, a resolution was passed authorising that the nominal value of the ordinary shares of the company be increased from 2.5 US cents per share to 50 US cents per share. This would be done by consolidating every 20 ordinary shares held into one new ordinary share each, and issuing in replacement, new ordinary shares of 50 US cents each."

The fear of ETI is the beginning of informed investing.

cadno:
What stock are u referring to pls...

Daily NSE total transaction volume

Wednesday is the day.


To those who understands.

Youngzedd:
Wednesday is the day.


To those who understands.

For those who don't nko?

Godisfaithful:
As foreign exchange flexibility programs take off on Monday, June 20th, 2016; know as the banks stand...

Best of luck!

Good evening Godisfaithful,
Happy Father's Day sir.

Please are we likely to experience upward swing in prices of stocks in this new week, or week after?
Thank you

ORAGBON:
Good evening Godisfaithful,
Happy Father's Day sir.

Please are we likely to experience upward swing in prices of stocks in this new week, or week after?
Thank you

Sir, Happy Father's Day to you and all the good and wonderful fathers out there. There should be reprice of stocks and other financial markets across the board when a country currency is devalued! Best of luck to us all!

Godisfaithful:
Sir, Happy Father's Day to you and all the good and wonderful fathers out there. There should be reprice of stocks and other financial markets across the board when a country currency is devalued! Best of luck to us all!

Thank you sir

Godisfaithful:
Sir, Happy Father's Day to you and all the good and wonderful fathers out there. There should be reprice of stocks and other financial markets across the board when a country currency is devalued! Best of luck to us all!

boss, reprice hw? pls kindly xplain it. like d price of zenith bank @16.65 will go down?

Mfunkynation:
boss, reprice hw? pls kindly xplain it. like d price of zenith bank @16.65 will go down?

Don't worry yourself too much sir. Stocks will reprice upwardly lol

Oga peter.i have caught you.so this is the time you normally come online to peep..........we have been thinking that you travelled...........so do we buy stocks now the economy is trying to be stable or do we wait till 2018?

PETERiCHY:
Myjoy, This not the best time to quit your job because this gambling business called STOCK MARKET,

Most the so called investors are dying slowly, they only come here to console themselves with the slogan "We are making money this year.

Better safeguard your savings in USD bcus the nigeria economy is about to blow up.

*ThE OcToPuS*

http://punchng.com/economy-floodgates-breached/

investment values in the stock market will depreciate from over $45bn when N200=$1 to less than $25bn with N300=$ exchange rate.

Indeed, the value of our houses and all naira denominated assets, including the cash in our pocket and savings accounts have all now lost up to 50 per cent of the previous dollar value, while the oppressive burden of paying outstanding import bills, and other dollar denominated loans may send these debtors to their early graves.

Frankly, our collective net worth and the value of all naira denominated assets have now been cut in half, with just a stroke of the pen,

Hello, feelamong what do you have for the octo pus?

davide470:
For those who don't nko?

There are JI and JO days in NSE.


That's it.

Godisfaithful:
Don't worry yourself too much sir. Stocks will reprice upwardly lol

boss, kindly b seriou now. thankz

Mfunkynation:
boss, kindly b seriou now. thankz

why troubling yourself?it is either it goes up or down.......chikina..........but come ooo i hope this is not the only investment you have?better do because repricing in the stock market takes weeks or months.......b4 positive signs are seen.lets hope it goes up this time around

Nigerian Naira: The misfortune of its people is the glee of foreign portfolio investors.

Details available at http://www.judefejokwu..com

locodemy:
why troubling yourself?it is either it goes up or down.......chikina..........but come ooo i hope this is not the only investment you have?better do because repricing in the stock market takes weeks or months.......b4 positive signs are seen.lets hope it goes up this time around

hmmmm, d way u talk seems to me to bail out of all my portfolioz n enter afta repricing.....

Mfunkynation:
hmmmm, d way u talk seems to me to bail out of all my portfolioz n enter afta repricing.....

patience needed or OYO

locodemy:
patience needed or OYO

biko, explain the impact it wil make in d market

Mfunkynation:
biko, explain the impact it wil make in d market

If this exchange policy favours foreign investors as we will see the reactions today,my brother the ones you sold will be difficult to get and if they see it as a failure, it will be ok for you if you sell now and come back later......it is a two sides of coin........for me i am not selling anything because i may not see those good stocks i have now again to buy at a reduced price.............bros abeg dont panic.....good signs ahead

locodemy:
If this exchange policy favours foreign investors as we will see the reactions today,my brother the ones you sold will be difficult to get and if they see it as a failure, it will be ok for you if you sell now and come back later......it is a two sides of coin........for me i am not selling anything because i may not see those good stocks i have now again to buy at a reduced price.............bros abeg dont panic.....good signs ahead

Thankz

...........be fearful when other are greedy.....and greedy when others are fearful......
...what is the mood of the forum and nigeria stock exchange sector as a whole....
.....greedy....or fearful.....?......

PETERiCHY:
http://punchng.com/economy-floodgates-breached/

investment values in the stock market will depreciate from over $45bn when N200=$1 to less than $25bn with N300=$ exchange rate.

Indeed, the value of our houses and all naira denominated assets, including the cash in our pocket and savings accounts have all now lost up to 50 per cent of the previous dollar value, while the oppressive burden of paying outstanding import bills, and other dollar denominated loans may send these debtors to their early graves.

Frankly, our collective net worth and the value of all naira denominated assets have now been cut in half, with just a stroke of the pen,

I tire for these analysts. You dont devalue you are wrong, you devalue you are wrong. Very soon the prices of equities will reach the roof top now. The people I pity are those that have their cash sitting in their bank accounts and not ready to take any risk.

4. Bad news for banks and businesses with forex loans
The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel. Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

The oil and gas industry is Nigeria's main foreign exchange earner. Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory. A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.

locodemy:
If this exchange policy favours foreign investors as we will see the reactions today,my brother the ones you sold will be difficult to get and if they see it as a failure, it will be ok for you if you sell now and come back later......it is a two sides of coin........for me i am not selling anything because i may not see those good stocks i have now again to buy at a reduced price.............bros abeg dont panic.....good signs ahead

You spoke my mind...short, succinct and brilliant analysis...well done.

Youngzedd:
4. Bad news for banks and businesses with forex loans
The CBN says that 10.1% of all the loans in Nigeria's banking system have gone bad. A lot of these loans are foreign currency loans extended to local oil and gas companies when crude oil prices were $100 per barrel. Between 2012 and 2014, an estimated $10bn was lent to local oil companies to purchase assets from foreign oil majors.

The oil and gas industry is Nigeria's main foreign exchange earner. Once the naira starts to float, banks will have to adjust the value of these loans on their books. In turn, the increased burden on the borrowers is likely to push more of them into bad loan territory. A couple of weeks ago, the Nigerian government bizarrely asked banks to stop sacking workers. More bad loans will almost certainly trigger more sackings.

It remains to be seen how the government will react to more sackings if and when they happen. Or perhaps the banks will use it as a bargaining tool to extract another round of bailouts from the government.

Let me put the source for you...

http://www.bbc.com/news/world-africa-36561237

This Analysis Of What Floating The Naira Means For These Stocks Is A Must Read.

http://nairametrics.com/this-analysis-of-what-floating-the-naira-means-for-these-stocks-is-a-must-read/