₦airaland Forum

The question we should all ask is why all these positive news on some stocks since the removal of 50k support line. Coincidence? That's one thing I don't believe in.

onegentleguy:
No my dear. ...on the contrary, its time to invest in the bank.
...Just try and do ur homework well.

DD always advised pls.

Hmmm...Like you always say, MR Time will tell in less than 45 days. We are watching.

mendes911:
The question we should all ask is why all these positive news on some stocks since the removal of 50k support line. Coincidence? That's one thing I don't believe in.

It is not different in time immemorial, same way, same stuff.

TLAX:
Look before you leap....

You may be investing in a shell company. The original Dunlop is dead and buried. All known assets including its Head Office in Oba Akran and its factories have been seized by Banks through the court of law. They made attempt to shift production of tyres to Ghana but i am sure that did not work out well.

They had a public offer a few years ago and there is no result on how that went. Again, typical case of bad policy affecting coys. They invested a huge sum of money building a new facility after the ban on importation of tyres and as soon as they were done, the ban on new and second tyre importation was lifted by the government of the day.

Gracias. Need for caution.

Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

TLAX:
Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

This is expected. The coy is not only creating monopoly in this industry ,it is being extended to

pastry business. Chin-chin is no longer ordinary business for common men.

Toluway:
After you've vomited everything?
Who won ? Toluway
Who chased the Bear away ? Toluway
Who won against the herds attack? Toluway.
Who kept Oracles mouth shot? ( abeg adey joke o. You be my Oga) Toluway.
Songs of victory in the house of the righteous


32 Likes

Egbo Tolu still winning.

(I say make I find trouble small)...

onegentleguy:
I also got an unconfirmed Info that DIAMOND BANK is in the process of spinning off yet another of its asset outside Nigeria.
...this, in line with part of the banks restructuring plan to boost their CAR.
Following from the 1st 97.7% equity divestment from its South African arm to Manzi Finances SA for €61M, the bank plans to also divest from its UK arm DIAMOND BANK UK which is presently valued at over N7.9 billion.

Disclosure: Onegentleguy currently holds a Minot vol of shares in DIAMOND BANK.

NOTE: This is also for informational purpose, and never a recommendation to buy, sell or hold.
DD always advised pls.

I think the sale of the banks UK arm if allowed to materialize would be a very healthy move.
the 1st part of the divestment is for the West Afrian subsidiaries.
...DIAMOND BANK has banking operations in Cote d'voire, Benin, Togo and Senegal.
...The Idea is to divest from arms that had been less effective in other to improve on the efficiency of the bank.
This is part of the banks restructuring plans.

Dont forget that the proceeds from the already sealed recent divestment is expected to have a positive impact of over 200 bps on DIAMOND banks CAR by 2017 yr end.
...and so I believe that the proceeds from further divestment especially the less proactive arms is a cost effective move that will further help in aiding Managements mission of an aggressive expansion of its retail banking franchise in Nigeria. ...Overall, I expect an improvement in the banks bottom line going forward.

I recall that the likes of UBA, FCMB, ACCESS and probably GTB had tour a similar path in the past.

leo1234:
Where is the bear with bear bear that you promised us

Thank God I didn't sell my little holdings.

I thank God for your life oooo.

leo1234:
Those that sold on Monday and Tuesday successfully sold the bottom and will come back to buy the top.
Money must change hands.

Toluway did you use your spare money to accumulate more?

Money is already changing hands.

sellydion:
You get mind o . Okay it is good to hunt dividend thingz

Dis one no be dividend things oooo
Gt is a premium stock and any rally in dis sector starts with Gt.
I don't think there should be a problem for it to make N50 and above
It's already above N47, that's a good sign
just need a decent spread of N5 to N10 from my entry price of 45.60
We are almost into d earning season of banks, hope good result from tier one banks can do the magic

IchimokuPilot:
Balance your greed and fear and few businesses are better than stocks. - No multiple taxes. - No area boys. - No PHCN officials. - No known address to suffer harassment. - No credit to friends and family members. - No police visits. - No rushing to the bathroom by 4am - No queueing in traffic to get to office.
Etc etc etc.

Practical experience. Excellent

TLAX:
Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

Dufil is quoted on NASD. Last time I checked a few weeks back it was around N9 if I'm not mistaken.

NCO123:
https://thenigerialawyer.com/n3-1bn-subsidy-fraud-how-eterna-oil-md-others-forged-30-documents-to-defraud-fg-witness
N3.1bn Subsidy Fraud: How Eterna Oil MD, others forged 30 documents to defraud FG- WitnessByUnini Chioma-Nov 27, 20170Arisekola's son trial on subsidy[Photo Credit:Whats up IbadanShareTweetA prosecution witness, Abdul-rasheed Bawa, has told Justice Hakeem Oshodi of the Lagos State High Court in Ikeja, Lagos, how Mahmud Tukur, Abdullahi Alao and Ochonoghor Alex and their companies, Eterna Plc and Axenergy defrauded the Federal Government of the sum of N3,121,393,098.The witness, an investigator with the Economic and Financial Crimes Commission (EFCC), in his testimony, told court how the accused had forged over 30 documents and submitted same to the Petroleum Products Pricing Regulatory Agency, PPPRA, to fraudulently obtain the subsidy for importation of PMS in 2011.Led in evidence by the prosecution counsel, the witness said: “The owner of the vessel, MT Deepwater EX MT Valle Di Castiglia, and the claimed tank farm of discharge, First Deep Water Discovery Limited, denied the usage of their vessel for the transaction and, also confirmed forgery of documents submitted by Eternal to PPPRA.“The EFCC had access to Lloyds List Intelligence and search conducted for themovement of MT Valle Di Castiglia revealed that the vessel was at the Republic of Turkey all through the period that Eternal claimed to have taken PMS from it with MT Deepwater. So, how can a vessel that was in Turkey give products to another vessel in offshore Cotonou?”Giving further evidence on MT Fulmar, Ex MT Emirates Star and MT Panther EX MT Emirates Star, the witness said the modus operandi employed by the defendants to defraud the government was alteration of bills of lading dates resulting in higher costs of importation.He said: “The claimed MT Emirates has a bill of lading dated 28 April, 2011, which gave Eternal a loading cost of about N151.“However, investigation revealed that the actual mother vessel for the transaction is MT GonHild Kirk, which had a bill of lading date of April 3, 2011, with landing cost of about N141.“The government, acting on forged importation documents indicating MT Emirates Star, paid Eternal about N3.3bn instead of N2.9bn. Thus Eternal was overpaid about N300, 000,000.”He added that search on LLyods Intelligence on Emirates Star indicated that the vessel sailed out of Doven Strait, United Kingdom and arrived New York, USA within the period that the Eternal documents claimed that the vessel was discharging its products into MT Fuliman and MT Panthern.The defendants had previously been arraigned before Justice Lawal Akapo on December 10, 2015 for allegedly diverting the money obtained from the FederalGovernment for the purpose of importing Premium Motor Spirit, PMS.Counsels to the accused had subsequently filed a joint application seeking to quash the charge preferred against their clients by the Commission.They argued that the State High Court lacked jurisdiction to entertain the matter on the grounds that the allegations against them were oil and gas related, which could only be heard by a Federal High Court.The accused, through their counsel, had also argued that the prosecution could not establish a prima facie case against them.Ruling, Justice Oshodi dismissed the application and upheld the argument of the prosecution.The judge also held that the prosecution had successfully established a prima facie case against the accused persons and described the application as “premature”.The defence, again, argued that the prosecution did not have the fiat of the Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, SAN, to prosecute the case.Responding, the prosecution counsel, Rotimi Jacobs, SAN, however, submittedthat he did not have to show the defence if he had the fiat of the AGF to prosecute them.Jacobs further submitted that he could only show his client, the EFCC and the court the fiat rather than the defence counsel.Justice Oshodi upheld the argument of the prosecution counsel, thereby setting the stage for the prosecution witness, Bawa, to give his evidence against the accused.The accused, among others, claimed that they had imported and discharged PMS sometime in September, 2011 at a tank farm in Lagos, First Deep Water Discovery Limited, for which they were paid the sum of N626m subsidy.Also, the accused was said to have received the sum of N595m from the government after claiming to have imported and discharged PMS at the same tank farm in Lagos sometime in October, 2011.Meanwhile, the case has been adjourned to February 26, 2018 for continuation of trial.

court case comes up on 28th February, 8 more days for the court case, this might soon affect their price.

Why is this bad news coming at this time?. This bad news want to spoil our show .

mendes911:
The question we should all ask is why all these positive news on some stocks since the removal of 50k support line. Coincidence? That's one thing I don't believe in.

all d siphoning and underreporting, they have decided to reduce hand to save them from imminent sack.

dipoolowoo:
Nigerian Pension Funds Post 16.37% Gains in 2017—Report
**As APT RSA Pension Fund Leads Peers Again
https://www.businesspost.ng/2018/02/20/nigerian-pension-funds-post-16-37-gains-2017-report/

Since FCMB acquired Legacy, hope this will be a plus to them.

ihedioramma:
If you have change buy livestock feeds .

I don't just like that stock.

onegentleguy:
I also got an unconfirmed Info that DIAMOND BANK is in the process of spinning off yet another of its asset outside Nigeria.
...this, in line with part of the banks restructuring plan to boost their CAR.
Following from the 1st 97.7% equity divestment from its West African arm to Manzi Finances SA for €61M, the bank plans to also divest from its UK arm DIAMOND BANK UK which is presently valued at over N7.9 billion.

Disclosure: Onegentleguy currently holds a Minot vol of shares in DIAMOND BANK.

NOTE: This is also for informational purpose, and never a recommendation to buy, sell or hold.
DD always advised pls.

Correct guy.

Chibuking81:
Why is this bad news coming at this time?. This bad news want to spoil our show .

Not to worry. Your show is intact. The expected rise in price has nothing to do with dividend or fantastic result. Dividend being paid since 2015 FY is a side show. Remember, there is some OANDO DNA in that coy.

Infinitisi:
Dufil is quoted on NASD. Last time I checked a few weeks back it was around N9 if I'm not mistaken.

Thanks mate!

RabbiDoracle:
I saw it ooo... 111m units sold.

Who is buying and who is sell?

Watching in 3D. The market will prove someone to have made a mistake.

I exited all my FBN today leaving just 5% to see if the bus still have destination or is going backwards... FBN is just not fully healthy until they release their RESULT...

THE BIG SMART GUY

leo1234:
I don't just like that stock.

Just do like say you no see am .

Cadbury Nigeria Announces Closed Period
https://www.businesspost.ng/2018/02/20/cadbury-nigeria-announces-closed-period/

Hopefully JAPAUL will give me 40% before month end... LIVESTOCK, AGLEVENTIS and CHAMPIONS also expected to help the money making ministry...

THE BIG SMART GUY

see as Janet dey throw people up and down. one day bull ,seven days bear......... hmmmm.........loco hold your cash tight.

onegentleguy:
I think the sale of the banks UK arm if allowed to materialize would be a very healthy move.
the 1st part of the divestment is for the West Afrian subsidiaries.
...DIAMOND BANK has banking operations in Cote d'voire, Benin, Togo and Senegal.
...The Idea is to divest from arms that had been less effective in other to improve on the efficiency of the bank.
This is part of the banks restructuring plans.

Dont forget that the proceeds from the already sealed recent divestment is expected to have a positive impact of over 200 bps on DIAMOND banks CAR by 2017 yr end.
...and so I believe that the proceeds from further divestment especially the less proactive arms is a cost effective move that will further help in aiding Managements mission of an aggressive expansion of its retail banking franchise in Nigeria. ...Overall, I expect an improvement in the banks bottom line going forward.

I recall that the likes of UBA, FCMB, ACCESS and probably GTB had tour a similar path in the past.

Pls hold this news till I'm done with buying.

Mpeace:
Pls hold this news till I'm done with buying.

so na you hold patience Jonathan money?
I know when you started to average down.
Till now you are still averaging?
Continu.........money wey you no stress for.

godlyguy:
Hopefully JAPAUL will give me 40% before month end... LIVESTOCK, AGLEVENTIS and CHAMPIONS also expected to help the money making ministry...

THE BIG SMART GUY

This reminds me of AIICO....
Aiicolized Japaulitics...
As Mendes911 most rightly pointed out, why is every poison receiving a sugar coating all of a sudden.
I wish the rule will be further strengthened to ensure every stock that reaches 1K, it will be buy one get 1 free paid for by management......

locodemy:
so na you hold patience Jonathan money?
I know when you started to average down.
Till now you are still averaging?
Continu.........money wey you no stress for.

Hustle must pay. I don invest "money you can afford to lose" finish. Now na "money you cannot afford to lose I dey enter"

godlyguy:
Hopefully JAPAUL will give me 40% before month end... LIVESTOCK, AGLEVENTIS and CHAMPIONS also expected to help the money making ministry...

THE BIG SMART GUY

baba ijebu things ....

Please house i need your urgent advice, This afternoon i signed up with CSCS online, to my greatest surprise all my stock/portfolio with my broker non is recorded with CSCS even nothing to show that i have a single investment

Note: the question is being ask on behalf of a sister who is outside of Nigeria.

Please house should help to torch on this.

Chibuking81:
What is really happening in the market, see blood everywhere. What do we call this bear period?
Maybe CBN policy bear.

We have so far witnesses; Dow bear, Fall in crude oil bear, and after this CBN policy bear, then election bear will surface.

Did you see the bear - bear?