Agbalowomeri:
Abeg this market should just cruise slowly
We don't want anymore swings of full bids and full offers

Take your time ooo. Na that one we take dey chop nawww.

Flour Mills to Restructure Balance Sheet With N40b Rights Issue
https://www.businesspost.ng/2018/02/02/flour-mills-restructure-balance-sheet-n40b-rights-issue/

A very very decent start to the month !
Good weekly consolidation with growing bullish appetite
Great stuff ! !

.

RabbiDoracle:


Hmmm... Veecovee come ooo!!!

from what you've learnt from veecovee, teach him

leo1234:




Btc is over 60% down from last year's all time high.


All these losses can reverse within days.

HODL IS THE NEW COOL

RabbiDoracle:


What are they buying sef??

Some people just no get sense.

OGA WE GET SENCE O!

AGBASI OSO..AGUA MILE

#BUY THE DIP

feelamong:


HODL IS THE NEW COOL

Really very cool. where is the dividend to maintain the coldness?

feelamong:


OGA WE GET SENCE O!

AGBASI OSO..AGUA MILE

#BUY THE DIP

Bros you still dey buy the dip? Me think it has entered a long bearish mood na. If at all why no wait for bottom?

Agbalowomeri:


Bros you still dey buy the dip? Me think it has entered a long bearish mood na. If at all why no wait for bottom?

we go dey still earn from our trading portfolio....we use trading bots

bears and bulls make money ...only pigs get slaughtered

sellydion:


Really very cool. where is the dividend to maintain the coldness?

am sure you have never heard of Proof of Stake (masternodes) or Proof of work (Mining)

we earn dividends too in our way in Cryptos

feelamong:


am sure you have never heard of Proof of Stake (masternodes) or Proof of work (Mining)

we earn dividends too in our way in Cryptos

Dividend from bubbles.

The major problem with Cryptos is the accessibility and Shitcoins.

Facebook just sent them packing.

OBAGADAFFI:


Dividend from bubbles.

The major problem with Cryptos is the accessibility and Shitcoins.

Facebook just sent them packing.

by year end we will know which is the bubble....

feelamong:


by year end we will know which is the bubble....

Oga it has alway been a bubble....

There is no product behind CRYPTO unlike Stock where you invest in real companies.

That's why i only play with ETH, BTC,XRP and XLM, all other coin are shitcoins.

feelamong:


am sure you have never heard of Proof of Stake (masternodes) or Proof of work (Mining)

we earn dividends too in our way in Cryptos

I am informed. That one naa for miners Okay. My problem with Cryptos is legality and illegality ?

feelamong:


HODL IS THE NEW COOL

I was not even bothered by the price crash.
Recovery is certain.

OBAGADAFFI:


Oga it has alway been a bubble....

There is no product behind CRYPTO unlike Stock where you invest in real companies.

That's why i only play with ETH, BTC,XRP and XLM, all other coin are shitcoins.

You called all cryptos a bubble yet you say you only paly with ETH, BTC etc

well....if you call other coins shitcoins..you are not very wrong. many of them are....But many are absolutely wonderful too

Sam Loco peeping from inside flourmill bus

wanaj0:


Which boom in the oil sector is affecting Eterna Oil? Ok ooo

We are getting to the era where every 'oil' company is expected to benefit from high oil price (including Okitipupa Oil)

Where is Afro Oil again self

Only those that do their DD and those who work in spirit can see it for now. Time is coming and it's almost at hand when both those that wear glasses and those who did not wear will see it clearly.

Then I will remind you of today.

Don't forget so soon, that they are among 2017/2018 indigenous company that won contract award to lift oil. Afro and Okitipupa oil were not among.
https://www.vanguardngr.com/2017/01/nnpc-names-39-crude-oil-off-takers-20172018/

Last year when there was red oil boom, you need no prophet to tell you that Okomu oil and Prosco will move up, Okomu oil moved from #27 to #60/#70.

Crude oil move from 27 dollars per a barrel to 69 per a barrel within 2 years. ( https://www.oil-price.net ) premium motor spirit pump price move from #145 to #200/#250

feelamong:


You called all cryptos a bubble yet you say you only paly with ETH, BTC etc

well....if you call other coins shitcoins..you are not very wrong. many of them are....But many are absolutely wonderful too

Well there is nothing wrong in playing with Bubbles , its called experimenting.

But it's important we play safe with the bubble, if the bubble bust you can't hold anyone accountable.

That's why stock are pretty safer, we could shake Tinubu when Oando bubble busted.

Chibuking81:

Only those that do their DD and those who work in spirit can see it for now. Time is coming and it's almost at hand when both those that wear glasses and those who did not wear will see it clearly.

Then I will remind you of today.

Don't forget so soon, that they are among 2017/2018 indigenous company that won contract award to lift oil. Afro and Okitipupa oil were not among.
https://www.vanguardngr.com/2017/01/nnpc-names-39-crude-oil-off-takers-20172018/

Last year when there was red oil boom, you need no prophet to tell you that Okomu oil and Prosco will move up, Okomu oil moved from #27 to #60/#70.

Crude oil move from 27 dollars per a barrel to 69 per a barrel within 2 year. ( https://www.oil-price.net ) premium motor spirit pump price move from #145 to #200/#250

Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U. Others are NorthWest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy. The international beneficiaries are Trafigura, ENOC Trading, BP Trading, TOTAL Trading, UCL Petroenergy, Mocho, Tevier Petroleum, Heritage Oil, Levene Energy, Glencore and Latasco Supply and Trading. The five foreign refineries are Hindustan Refinery, Varo Energy, Sonara Refinery, Bharat Petroleum and Cepsa while the NOCs are India Oil Company, China (Sinopec) and South Africa (Saccoil). The NNPC trading arms are Duke Energy and the Carlson Hy

For those asking if Eterna will benefit from oyel boom.

Thermis capital management and Stanbic nominees limited now own 8% each in UACN. Blakeney GP 111 limited also owns 6% in the company..

Thermis capital management is a foreign investor, I don't know if they are Portfolio investors or long term investors in the company.

emmanuelewumi:
Thermis capital management and Stanbic nominees limited now own 8% each in UACN. Blakeney GP 111 limited also owns 6% in the company..

Thermis capital management is a foreign investor, I don't know if they are Portfolio investors or long term investors in the company.

Our Investment Criteria

We are focused on building a highly-concentrated portfolio of companies with the following characteristics:

Market leading positions in consumer facing sectors
Strong, credible and aligned management
Strong operating platforms capable of supporting additional scale
Strong governance frameworks and internal controls
Significant ability to influence outcomes

Thermis capital management

emmanuelewumi:
Thermis capital management and Stanbic nominees limited now own 8% each in UACN. Blakeney GP 111 limited also owns 6% in the company..

Thermis capital management is a foreign investor, I don't know if they are Portfolio investors or long term investors in the company.

Not surprised that Stanbic is there - I hope they are able to shake things up - UACN/LIVESTOCK!

Chibuking81:

Only those that do their DD and those who work in spirit can see it for now. Time is coming and it's almost at hand when both those that wear glasses and those who did not wear will see it clearly.

Then I will remind you of today.

Don't forget so soon, that they are among 2017/2018 indigenous company that won contract award to lift oil. Afro and Okitipupa oil were not among.
https://www.vanguardngr.com/2017/01/nnpc-names-39-crude-oil-off-takers-20172018/

Last year when there was red oil boom, you need no prophet to tell you that Okomu oil and Prosco will move up, Okomu oil moved from #27 to #60/#70.

Crude oil move from 27 dollars per a barrel to 69 per a barrel within 2 years. ( https://www.oil-price.net ) premium motor spirit pump price move from #145 to #200/#250

I hope you know how crude oil lifting contract works? How does an oil trader benefit from increase in crude oil price?

Anyway, CONTINUE

emmanuelewumi:
Thermis capital management and Stanbic nominees limited now own 8% each in UACN. Blakeney GP 111 limited also owns 6% in the company..

Thermis capital management is a foreign investor, I don't know if they are Portfolio investors or long term investors in the company.

Stanbic nominees limited and thermis capital management each owns about 230 million shares of UACN, while blakeney GP 111 limited owns 137 million shares of UACN

OBAGADAFFI:


Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U. Others are NorthWest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy. The international beneficiaries are Trafigura, ENOC Trading, BP Trading, TOTAL Trading, UCL Petroenergy, Mocho, Tevier Petroleum, Heritage Oil, Levene Energy, Glencore and Latasco Supply and Trading. The five foreign refineries are Hindustan Refinery, Varo Energy, Sonara Refinery, Bharat Petroleum and Cepsa while the NOCs are India Oil Company, China (Sinopec) and South Africa (Saccoil). The NNPC trading arms are Duke Energy and the Carlson Hy

For those asking if Eterna will benefit from oyel boom.

How will someone with a 'lifting contract' benefits from the increase in the price of crude oil? Where is the link?

wanaj0:


How will someone with a 'lifting contract' benefits from the increase in the price of crude oil? Where is the link?

If there is an increase in lifting operations

Inflation to Drop to 15.04% in January on Slower Food Index Growth—FSDH
https://www.businesspost.ng/2018/02/02/inflation-drop-15-04-january-slower-food-index-growth-fsdh/

Agbalowomeri:


If there is an increase in lifting operations

NNPC names 39 crude oil off-takers for 2017/2018 ON JANUARY 4, 201710:38 AMIN NEWSCOMMENTS Abuja – The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division NNPC, Mr Mele Kyari, said the contract would run for one year effective from Jan. 1 for consecutive 12 circles of crude oil allocation. The list comprises 39 winners with 18 Nigerian companies, 11 International Traders, five foreign refineries, three National Oil Companies (NOCs) and two NNPC trading arms. It said all the contracts were for 32,000 barrels per day except Duke Oil Ltd, an oil trading arm of the NNPC, which shall be for 90,000 barrels per day. It would be recall that during the bid opening on Nov. 26, 2016, the Group Managing Director of the corporation, Dr Maikanti Baru, assured the public that NNPC would ensure due process, transparency and fairness in the selection process. Also, a total of 224 bids were submitted by companies[b] seeking to purchase and lift Nigerian crude oil grades for the period 2017/2018[/b]. The indigenous beneficiaries are Oando, Sahara Energy, MRS Oil and Gas, AA Rano, Bono, Masters Energy, Eterna Oil and Gas, Cassiva Energy, Hyde Energy and Brittania U. Others are NorthWest Petroleum, Optima Energy, AMG Petroenergy, Arkiren Oil and Gas Limited, Shoreline Limited, Entourage Oil, Setana Energy and Prudent Energy. The international beneficiaries are Trafigura, ENOC Trading, BP Trading, TOTAL Trading, UCL Petroenergy, Mocho, Tevier Petroleum, Heritage Oil, Levene Energy, Glencore and Latasco Supply and Trading. The five foreign refineries are Hindustan Refinery, Varo Energy, Sonara Refinery, Bharat Petroleum and Cepsa while the NOCs are India Oil Company, China (Sinopec) and South Africa (Saccoil). The NNPC trading arms are Duke Energy and the Carlson Hyson

Read more at: https://www.vanguardngr.com/2017/01/nnpc-names-39-crude-oil-off-takers-20172018/

Agbalowomeri:


If there is an increase in lifting operations

It also involve buying and selling. There is increase, i.e more gain accrue to the participating companies.
https://www./process-buying-nnpc-off-opec-nigerian-crude-oil-gabrich-global

Tolktob:


Our Investment Criteria

We are focused on building a highly-concentrated portfolio of companies with the following characteristics:

Market leading positions in consumer facing sectors
Strong, credible and aligned management
Strong operating platforms capable of supporting additional scale
Strong governance frameworks and internal controls
Significant ability to influence outcomes

Thermis capital management

The past MD/CEO of UACN didn't create value for investors in the company, to make matter worse the MD/CEO made himself the chairman of all UACN subsidiaries eg UAC property, CAP plc, Livestock feeds, MDS logistics, Portland paints, Grand cereals and oil and numerous unquoted companies like Warm spring waters limited, UNICO CPFA, UAC foods and UAC restaurants limited.

I was in the front row at the AGM of UAC property @ Golden Tulip Festac Lagos, but the chairman did not call me. I sent my thoughts via mail to the company secretary on how I think they can turn around the fortune of the company.

UACN is a N50 company if only the managers can make the assets sweat and create value for investors. Since Actis left, the company started going down the drain.

I hope the new core investors who will have a representative on the board will not embark on asset striping.