Nigerian Stock Exchange Market Pick Alerts - Investment (1954) - Nairaland
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| Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:38am On Dec 18, 2016 |
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| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:19am On Dec 18, 2016 |
Beware ''Easier to sit in a losing trade than winning. Hope emotion stronger than fear.'' 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:27am On Dec 18, 2016 |
Trade Tip ''Your trades should end in 1 of 4 ways: Big win Small win Small loss Even Remove big losses as a possibility. '' @SJosephBurns 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:42am On Dec 18, 2016 |
"At your fear climax buy, in terror buy more. At your euphoric high, sell slowly." - Jesse Livermore 3 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:47am On Dec 18, 2016 |
fxuser: bro. do u trade forex?, i want learn more from you |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:07am On Dec 18, 2016 |
Zenith (wkly chart ) - pull back almost over (since touching N17/N18 in June) Daily Chart - big red candle on friday ! opened on optimism , but profit takers came in - next trading day will be key - prev macd buy crossover sig was at N13.50 (12 days ago) - Unlike Zenith , GTB - its been rally , pullback , rally from N13 (after final dividend in April) breaking 50dma all the way to N30 in Sept - Pull back from N30 resistance (sell zone) to N20 - N22 support (buy zone ) RSI over sold for first time in months) - bounced back gaining +20 / 25% (Nov to date) - another trade will come #JustObservingCharts |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:10am On Dec 18, 2016 |
currentprice: No boss 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:16am On Dec 18, 2016 |
Oando faithfuls - did you see wale Tinubu's tweet ?? asper the NNPC cash call agreement - Oando SP carries emotions - wont be surprised if there is a reaction link https://twitter.com/AdewaleTinubu/status/809438776409911296 ff |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:21am On Dec 18, 2016 |
For those interested #oil Sector Quote: …IOCs AGREE TO ARREARS REPAYMENT FRAMEWORK AS NET REVENUE IS EXPECTED TO INCREASE TO $14B BY 2020 In a move which will restructure the financing template for oil earnings, increase investments and boost government revenues, the Minister of State, the Federal Government has reached agreement on a new cash call exit policy with the international oil companies (IOCs). The historic agreement which will bring clarity and stability to the management of the country’s main revenue source was announced by the Minister of State, Petroleum Resources while giving an account of key achievements of the Ministry in 2016 yesterday has already received the approval of the Federal Executive Council. It is part of new measures and strategies aimed at eliminating the burden of Joint Venture Cash Call arrears and securing future funding for the Upstream Petroleum Sector. These strategies which are fully supported by the National Economic Council (NEC) will lead to an increase in national production from the current 2.2mbpd to 2.5mbpd by 2019, as well as reduction in Unit Technical Costs from $27.96/Barrel Oil Equivalent (boe) to $18/boe. The net payments to the Federation Account is expected to double from about $7Billion to over $14Billion by 2020 and the immediate effect of the new cash call policy will increase net FGN Revenue per annum by about $2billion. Dr. Kachikwu outlined other innovations and initiatives championed by the ministry over the past year which have revamped the sector, restored investors’ confidence which was at an all-time low and positioned Nigeria’s Oil and Gas value chain for profitability. It would be recalled that based on historical records, the current Cash Call system has been structurally defective and has failed to address the perennial Joint Venture funding challenges being experienced in the industry where the Federal Government underfunding of the industry through JV Cash Calls stood at $9.125 billion by September 2016. This arrangement will guarantee payments of statutory Oil and Gas Royalties and taxes by NNPC and its JV partners as well as profit from its investments in the Joint Ventures. At US$42.5 per barrel Oil price which the 2017 budget is predicated on and US$24 per barrel fiscal cost recovery proposed for 2017 in FGN Medium Term Expenditure Framework (MTEF) recently submitted to NASS, over US$13 per barrel will accrue to Government as Royalties & Taxes from Joint Venture Oil and Gas Production apart from US$2.8 per barrel estimated as Government share of profit, at 57% equity. This will restore investors’ confidence and achieve accelerated production growth in the Joint Ventures. New Governance processes will also be introduced. The negotiation on behalf of the Federal Government of Nigeria which was led by Dr. Kachikwu resulted in a remarkable agreement by the IOCs who have agreed to be paid their accumulated arrears up to December 2015, payable over the period of about five years. It is important to note that this will not be a cash burden on the Federal Government as payments will be made via incremental production from each JVC. Aside this key agreement on Joint Venture Cash Call Arrears Payment and Future Funding Mechanism signed today, it would be noted that under the stewardship of Dr. Emmanuel Ibe Kachikwu as Minister of State for Petroleum Resources and leadership of President Muhammadu Buhari, the Ministry has also made considerable accomplishments in the international frontiers through maintaining robust relationships and strengthening linkages within and outside the petroleum producing community. Achievements recorded in 2016 include the following: 1. Successful tenureship and handover of the Presidency of four key international energy organisations namely: - The Gas Exporting Countries Forum (GECF) - Organisation of Petroleum Exporting Countries (OPEC); - African Petroleum Producers Association (APPA); and - West African Gas Pipeline Authority (WAGPA). 2. Successful election of Mohammed Sanusi Barkindo of Nigeria as the Secretary - General of the OPEC 3. Successful mobilization of OPEC members and Non-OPEC Oil Producers to dialogue on the stabilization of the global market in Doha; Algiers which culminated into the achievement of freeze on production at the 171st conference in Vienna 4. Rise in oil prices to US$55/per barrel for the first time in 16 months after negotiations with non-OPEC producers 5. Nigeria's successful negotiation of an exemption from the production freeze; 6. Successful hosting of the 52nd Conference of Ministers of African Petroleum Producers Association in March 2016 (APPA); 7. Provided leadership and support to other APPA members in the development of legislation, institution and systems for local content in Africa Finally, The Minister of State pledged that the Ministry will continue to drive innovation and change in its approach to delivering an oil and gas industry that is internationally competitive and is governed by open and transparent processes to ensure security of investment for both domestic and international investors. Idang Alibi Director, Press Ministry of Petroleum Resources December 15, 2016 end Quote Link: https://www.facebook.com/FMPRng/posts/289002688163575 Pls the finance people shud summarise for us  |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:31am On Dec 18, 2016 |
Most trading errors arise from emotional mistakes: -Greed trades too big -Fear exits winners fast -Hope holds losing trades too long ff @SJosephBurns Personally, cutting losing trades and honouring stop losses is tough but a necessary step ! #tough 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 11:48am On Dec 18, 2016 |
fxuser: What are we buying tomorrow? |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:05pm On Dec 18, 2016 |
DeRuggedProf: dont know yet ! let see if pull back turnup i'm holding fcmb, ucap and Gunpowder - CASH |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:21pm On Dec 18, 2016 |
Sterln Bank - positive macd divergence (daily chart) - SP found support at .70 levels - RSi moved up , SP still flat '( +ve RSI divergence ) - but this stock is not liquid - but last trading 2 days +10m traded - Weekly chart - sterln was at dis level in Jan 2012 - rallied to N3 by Mar 2013 - its bleed out for 3 years back to a possible all time RSI low (weekly chart oh) - interesting #JustObserving |
| Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:23pm On Dec 18, 2016 |
fxuser:My brother pls clarify, is the $775million going to oando alone(as its share of the larger sum), and when? If yes then something is about to happen. |
| Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 12:44pm On Dec 18, 2016 |
Don't just buy shares, buy companies! 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 12:59pm On Dec 18, 2016 |
fxuser: Whats your take on VITAFOAM? |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:14pm On Dec 18, 2016 |
angelo82: - not liquid -in the last 3 months , only traded over a 1 million units 3 times -however its at a 5 yr low, all time RSI low on weekly chart -watch for RSI brk above 50 on daily chart |
| Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 1:15pm On Dec 18, 2016 |
fxuser: What about the eps?is it enough to pay the usual 25k? |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:16pm On Dec 18, 2016 |
Mpeace: Don't know oh ! the finance gurus in d hse will hopefully shed some light ! im only looking forward t price/vol reaction |
| Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:26pm On Dec 18, 2016 |
Looking back - 01 Nov 2015 trading ard $50/bbl - 22 Dec 2015 down to ard $35/bbl (red flags) - in a matters of days, dropped further and by 19 Jan, oil was $27/bbl - since then Oil has rallied to $55/bbl but a lot of damage done to d economy , our health and wealth is hinged on d barrel Whats your Jan outlook ? Is the worst over? |
| Re: Nigerian Stock Exchange Market Pick Alerts by SWG1: 1:26pm On Dec 18, 2016 |
cadno: I'm still watching, since u said I'm a trader. times are changing if u must know 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 2:56pm On Dec 18, 2016 |
Thunderlicious: He claimed to have made money from Skye bank even when the price was falling. 2 Likes |
| Re: Nigerian Stock Exchange Market Pick Alerts by MonitorinSpirit(m): 5:30pm On Dec 18, 2016 |
Thunderlicious: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: godlyguy: 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:06pm On Dec 18, 2016 |
@MonitorinSpirit Ur Wicked..But it could be ur turn tomorrow...@godlyguy Did u sale ur FBNH? Or Skye bank? U don't post too much after the skye bank saga. 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 6:26pm On Dec 18, 2016 |
Monitorinspirit 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 7:00pm On Dec 18, 2016 |
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| Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:35pm On Dec 18, 2016 |
fxuser:All those holding our ucap for this long.u better drop it willingly for boys to buy or ucap will force u to drop it.starting frm tomorrow ucap i command u START FALLING,FALL,FALL please how many people are shouting AMEN? |
| Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:54pm On Dec 18, 2016 |
| Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 7:58pm On Dec 18, 2016 |
DOLLARTEX:Can you buy like the million units masters? Dont command the price will go down below #2 . |
| Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 8:01pm On Dec 18, 2016 |
Mpeace:What are you thinking that will happen? |
| Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 8:19pm On Dec 18, 2016 |
Looking at FCMB full time now for a pull back to enter. K 1 Like |
| Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:21pm On Dec 18, 2016 |
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