Presco and okomu are in full offer, for those that interested in okomu, Kindly take note.

PETERiCHY:


Small time you see headlines like TRANSCORP FINALLY COMPLETE PAYMENTS FOR THEIR AFAM SOUP blablabla...and the rush of madness and abracadabra will start all over again

BARGAIN HUNTERS better watch this SPACE!

Transcorp Power Consortium has emerged the bid winner for Afam Power Plc.

The consortium submitted a bid of N105.3bn to beat two other companies that wanted to acquire the electricity generation company (100 per cent equity).

The Vice-Chairman, Technical Committee of NCP, Dr Ayo Teriba, who chaired the ceremony, said the winning and reserve bids were subject to the approval of the NCP chaired by the Vice-President, Prof Yemi Osinbajo.

He said, “The transaction of the enterprises will legally come to a close with the signing of the Share Purchase Agreement and any other related documents by each preferred bidder as approved by the NCP.

“Payment will be made in naira through the Remita Retrieval Reference in favour of BPE; 25 per cent of the purchase consideration should be made within seven working days from the date of signing the Share Purchase Agreement.

“The remaining 75 per cent payment will be paid to BPE within 180 calendar days after signing of the Share Purchase Agreement.”

https://www.google.com/amp/s/punchng.com/transcorp-consortium-wins-bid-for-afam-power-plc/amp/

Based on the above publication TRANSCORP is EXPECTED to complete their AFAM POWER PAYMENT within 180days that should be on or before 30th November 2019.

So we shouldn't be DECEIVED by the 5million GANGS OFFERS which sole aim is to shake off weak hands.

BARGAIN HUNTERS mark this SPACE!

*ThE OcToPuS*

STOCK MARKET GUIDE FOR 18 OCTOBER 2019

MSCI Sold 34638 Guinness (what offence did this company commit?). To be successful in this market, we need to use the right tools to get the best result. One indicator will not work at all time for all class of equities/time frame.

Access bank is currently our target, other 2 equities are still not in buy zone.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

It's just a matter of time...so get prepared. Afterall it is now a Federal Government of Nigeria law since 2017.

veecovee:


Not applicable stock yet

Despite spending N1.5trillion on the country’s power sector in the last two years, the Federal Government yesterday said it is in the process of investing a fresh $3 billion (N915bn) World Bank loan into the sector.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this during an interview with journalists on the sidelines of the World Bank/International Monetary Fund (IMF) meetings holding in Washington DC, United States.

Vice President Yemi Osinbajo had in September said the federal government invested about N1.5 trillion in intervention fund in the Nigeria’s power sector in the last two years.

https://www.dailytrust.com.ng/fg-to-sink-fresh-n915bn-loan-into-power-sector.html

PETERiCHY:
Despite spending N1.5trillion on the country’s power sector in the last two years, the Federal Government yesterday said it is in the process of investing a fresh $3 billion (N915bn) World Bank loan into the sector.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this during an interview with journalists on the sidelines of the World Bank/International Monetary Fund (IMF) meetings holding in Washington DC, United States.

Vice President Yemi Osinbajo had in September said the federal government invested about N1.5 trillion in intervention fund in the Nigeria’s power sector in the last two years.

https://www.dailytrust.com.ng/fg-to-sink-fresh-n915bn-loan-into-power-sector.html

Seems you are now in this bus.
I will not be surprise to see this stock trading at 80kobo soon

locodemy:


Seems you are now in this bus.
I will not be surprise to see this stock trading at 80kobo soon

So you ain't happy we came to your RESCUE at 25% discount your ENTRY price

mendes911:
I have my way of getting the bottom. Just do a 20% markup to whatever price Agba quotes or I go verbatim with CP's own. I also do have my target stocks and just waits for the opinion of these two fine gentlemen to tally with mine (80% match is good enough for me).
Agba really knows how to predict the market but don't take his prices verbatim else you will never purchase any stock.
CP is also very good at pointing out "bottoms". He hardly quotes prices but whenever he does, the price sticks!

Bolded noted. Thks.

FCMB really knows how to shake and break off weak hands.

I wouldnt be surprised if GTB still close positive despite the bashing ongoing.

locodemy:
Seems you are now in this bus. I will not be surprise to see this stock trading at 80kobo soon

Its obvious nah.

Mcy56:
I wouldnt be surprised if GTB still close positive despite the bashing ongoing.

I comot yester..lets see if we can get a new Bot.../lower price i fit join

Watching ..Zee getting the bashing as well

Mcy56:
I wouldnt be surprised if GTB still close positive despite the bashing ongoing.

Don't mind them Sis. They are just manipulating the stock. Don't sell your shares oooo.


#BIKE!

https://www.abokifx.com/news/24203/details


MARKET NEWS
Foreigners Who Abandoned Lagos Stocks Have Few Reasons to Return - BLOOMBERG
OCTOBER 15, 2019
By Tope Alake
Weak economy, market-unfriendly policies deter investors
Better opportunities in eastern Europe, Asia, says Tellimer
Foreigners have deserted the Lagos stock market and “hostile” domestic policies combined with a gloomy outlook for the Nigerian economy suggest there is little chance they will return soon.
The country’s benchmark stock index has slumped 16% this year in local-currency terms, the third-worst performance worldwide among 94 markets tracked by Bloomberg as of Friday. That follows an 18% retreat in 2018.

Investors have been frustrated at the slow pace of economic reform, with President Muhammadu Buhari naming a cabinet six months after winning re-election in February. A decree forcing banks to expand lending has deepened concerns about their profitability, prompting a drop of almost 20% in an index of local lenders’ stocks this year.

“Investors are clearly concerned about the hostile regulatory environment the banks are facing,” said Andrew Lapping, chief investment officer at Cape Town-based money manager Allan Gray. “It is unlikely for Nigerian stocks to attain high ratings given the economic and regulatory environment.”
Read more here about Nigeria’s pressure on banks to lend
Nigerian stock exchange figures show that foreigners were net sellers of Lagos equities in the eight months ended August, for a second year in a row. Poor economic growth has resulted in a lack of enthusiasm among investors, Stockholm-based Tundra Fonder AB said in a monthly report on its website.
A government proposal to increase consumption tax to 7.5% from the current 5% to support the 2020 budget may batter already faltering consumer spending, according to Ayodeji Ebo, an analyst at money manager Afrinvest in Lagos. That’s just one piece of a weak economic picture: inflation has run beyond the central bank’s 6%-9% target band for three years, while economic growth slowed for the second con


Hope dey go return one day when they see anything juicy in the MKT

Banking index undergoing the double whammy experience

Agbalowomeri:
Banking index undergoing the double whammy experience

Part 1 ooohhh.

Seven Banks Make CBN's 'Too Big to Fail' List
https://businesspost.ng/banking/seven-banks-make-cbns-too-big-to-fail-list/

NSE Records Zero Incidents of Corruption
https://businesspost.ng/economy/nse-records-zero-incidents-of-corruption/

GTBank Q3 Results Show Brand’s Strength, Business Strategy Quality
https://businesspost.ng/banking/gtbank-q3-results-show-brands-strength-business-strategy-quality/

Zenith seen at 17 or my eyes never clear?

E ku market o.
Chai! Today red small ooo

Jejebabaa:
Zenith seen at 17 or my eyes never clear?

Baba your eyes are crystal clear

Bubu economic somersaults policies has so much messed up the market and investors portfolios.

To the extend that even if Oscar Onyema give an insider info nobody will buy it

mendes911:
Don't mind them Sis. They are just manipulating the stock. Don't sell your shares oooo.
#BIKE!

MARKET UPDATE- CLOSE OF BUSINESS ON 18 OCT 2019

The loss for the week and year:
Loss for the week- 0.32%
Loss for the year- 15.85

Time to run for cover.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

yok:
UPDATE FOR CLOSE OF THE WEEK 11 OCT 2019

Another week for the bear (NSE ALL SHARE INDEX):
* Loss for the week: 1.69%
* Loss for the year 2019: 15.58%

Last week, you posted this.

You didn't run last week. Now you are running.

Jejebabaa:
Zenith seen at 17 or my eyes never clear?

Yes ..was able to pick some ..Jejebabsy how re we going to rebalance zenith and uba ..Taatann ni o

Any amount of div must drop next yr

Oga mi R'R' Onifaa pls help re-confirm

yok:
MARKET UPDATE- CLOSE OF BUSINESS ON 18 OCT 2019

The loss for the week and year:
Loss for the week- 0.32%
Loss for the year- 15.85

Time to run for cover.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

I believe the panic @mendes was talking about just passed (today) . It didn't even dent stocks to August low.

Market is looking up. The weak hands have sold and they will buy higher

If prices reach August low, buy more. But I doubt it.

RabbiDoracle:


I believe the panic @mendes was talking about just passed (today) . It didn't even dent stocks to August low.

Market is looking up. The weak hands have sold and they will buy higher

If prices reach August low, buy more. But I doubt it.

Words of consolation all the time!

Transcorp Power Consortium and Quest Electricity Nigeria have won bid prices for the Afam Electricity Generation Company at N105.3 billion and Yola Electricity Distribution Company at N19 billion respectively.

The National Council on Privatisation announced that it approved Transcorp Power Consortium as the preferred bidder for the Afam Power Plc and Afam Three Fast Power Limited, and Quest Electricity Nigeria Limited as the preferred bidder for the re-privatized Yola Disco.
The Head, Public Communications, in the Bureau of Public Enterprises, Amina Othman, in a statement issued on Thursday, said the NCP approved the bids at its second 2019 meeting on Monday in Abuja.

The NCP is chaired by Vice-President Yemi Osinbajo. According to the NCP, the preferred bidder, Transcorp Power Consortium, plans to invest $350 million in the firm over a period of five years after taking over.

Background: The NCP had on April 12 granted approval to Diamond Stripes Consortium, Transcorp Power Consortium and Unicorn Consortium to proceed to the financial bids opening stage for the acquisition of 100% shares in the Afam Electricity Generation Company.

The three consortia had earlier met the benchmark score of 750 points after evaluation in accordance with the criteria set out in the Requests for Proposal.

Following the termination of the Share Purchase Agreement signed between Taleveras (the then preferred bidder) and the BPE in 2016, the NCP had on August 23, 2017, approved the privatization of the enterprise based on a strategy to be recommended by the transaction advisers.

Although the YEDC was successfully privatized and handed over to the core investor in 2013, it was repossessed by the Federal Government in 2015 after a force majeure was declared by the core investor, citing insecurity in the North-East region of the country.

The new successful bidders are expected to operate the generation and distribution companies in line with the objectives of the Federal Government as set out in the National Electric Power Policy.

It is expected that they will make necessary investments to improve generation and distribution networks, as well as customer service.

source: Nairametrics

aremso:


Words of consolation all the time!

I remembered around end of January 2018, when I told guys to sell that the market was falling, they all laughed and mocked me. They heard weeen afterwards

The reverse is what I am doing now. The market is bullish. Just for the weak hands to finish their sale.

When next I will post like this is when I will be begging people to sell after the bullish ride. I know that people will not listen and they too will hear weeen!

onegentleguy:
Transcorp Power Consortium and Quest Electricity Nigeria have won bid prices for the Afam Electricity Generation Company at N105.3 billion and Yola Electricity Distribution Company at N19 billion respectively.

The National Council on Privatisation announced that it approved Transcorp Power Consortium as the preferred bidder for the Afam Power Plc and Afam Three Fast Power Limited, and Quest Electricity Nigeria Limited as the preferred bidder for the re-privatized Yola Disco.
The Head, Public Communications, in the Bureau of Public Enterprises, Amina Othman, in a statement issued on Thursday, said the NCP approved the bids at its second 2019 meeting on Monday in Abuja.

The NCP is chaired by Vice-President Yemi Osinbajo. According to the NCP, the preferred bidder, Transcorp Power Consortium, plans to invest $350 million in the firm over a period of five years after taking over.

Background: The NCP had on April 12 granted approval to Diamond Stripes Consortium, Transcorp Power Consortium and Unicorn Consortium to proceed to the financial bids opening stage for the acquisition of 100% shares in the Afam Electricity Generation Company.

The three consortia had earlier met the benchmark score of 750 points after evaluation in accordance with the criteria set out in the Requests for Proposal.

Following the termination of the Share Purchase Agreement signed between Taleveras (the then preferred bidder) and the BPE in 2016, the NCP had on August 23, 2017, approved the privatization of the enterprise based on a strategy to be recommended by the transaction advisers.

Although the YEDC was successfully privatized and handed over to the core investor in 2013, it was repossessed by the Federal Government in 2015 after a force majeure was declared by the core investor, citing insecurity in the North-East region of the country.

The new successful bidders are expected to operate the generation and distribution companies in line with the objectives of the Federal Government as set out in the National Electric Power Policy.

It is expected that they will make necessary investments to improve generation and distribution networks, as well as customer service.

source: Nairametrics

Peterichy talk am o.

Hmmm....

lancee:


Yes ..was able to pick some ..Jejebabsy how re we going to rebalance zenith and uba ..Taatann ni o

Any amount of div must drop next yr

Oga mi R'R' Onifaa pls help re-confirm

Oga mi sir,
I don gba kamu, na to dey keep chopping dividends till I breakeven. My uba cost price is now 7 naira while zenith is now 18.55.
We die here.

Jejebabaa:

Oga mi sir,
I don gba kamu, na to dey keep chopping dividends till I breakeven. My uba cost price is now 7 naira while zenith is now 18.55.
We die here.

Waiting next week to fire small .. bt if it can go lower 5.5 & 17 lower
While waiting for the 3q results