Wonder what would happen if a couple of African countries dependent on the dollar, like Nigeria, demand its transactions in their currency?

Boom!take it. https://www.channelstv.com/2020/03/09/breaking-buhari-sets-up-committee-to-assess-coronavirus-impact-on-nigerias-economy/

Finance Minister, CBN in Crucial Meeting Over Economy
https://businesspost.ng/economy/finance-minister-cbn-in-crucial-meeting-over-economy/

Access Bank Introduces TraderLite for Micro SMEs
https://businesspost.ng/banking/access-bank-introduces-traderlite-for-micro-smes/

Rates to Slightly Fall as CBN Sells N72bn T-Bills Wednesday
https://businesspost.ng/economy/rates-to-slightly-fall-as-cbn-sells-n72bn-t-bills-wednesday/

Acting SEC DG Advises Women to Break Stereotypes
https://businesspost.ng/general/acting-sec-dg-advises-women-to-break-stereotypes/

TLAX:


Nothing to fear o. Just observing with no skin in the game.

I know say you de pray for it to play out so that you go load. It won't.

My Oga its not praying to. i had neva believe in others being miserable for me to make money

im abt 60% in the market however i am just somebody who is brutally honest with himself

its better to die once than die a miilion times (via unnecesary delay)

If UBA keep losing 10% everyday, what will be the price by Friday?

DOLLARTEX:
Boom!take it. https://www.channelstv.com/2020/03/09/breaking-buhari-sets-up-committee-to-assess-coronavirus-impact-on-nigerias-economy/

Another committee...

Whatever happened to the economy ones he set up earlier #Clowns

PETERiCHY:


Russia has released $150b to stabilize their economy Saudi has over $500b in reserve meanwhile after 5yrs Bubu is still looking for whom to borrow from and mortgage the lives of his subjects

Nigeria don’t have a president. We have a babysitter in Aso-Rock. So forget about calling bubu to your rescue, he has to save himself first before he saves anyone

dipoolowoo:
Finance Minister, CBN in Crucial Meeting Over Economy
https://businesspost.ng/economy/finance-minister-cbn-in-crucial-meeting-over-economy/

Access Bank Introduces TraderLite for Micro SMEs
https://businesspost.ng/banking/access-bank-introduces-traderlite-for-micro-smes/

Rates to Slightly Fall as CBN Sells N72bn T-Bills Wednesday
https://businesspost.ng/economy/rates-to-slightly-fall-as-cbn-sells-n72bn-t-bills-wednesday/

Acting SEC DG Advises Women to Break Stereotypes
https://businesspost.ng/general/acting-sec-dg-advises-women-to-break-stereotypes/

The only solution they have now is to devalue the currency if this persist. They have no other tools. Nigeria with slowpoke and sucker rulers

leo1234:
If UBA keep losing 10% everyday, what will be the price by Friday?

N4.15

RabbiDoracle:


N4.15

Target price is N3 or N3+ below

leo1234:
If UBA keep losing 10% everyday, what will be the price by Friday?

On Friday,many stocks ended on strong bids.
Just this morning,stocks lost 10% and ended on full offers.

It was so because Brent lost a whooping 10% of its value.

Stocks to continue 10 10% lost depends on the % Brent will continue to loose.

Today's lost and huge offers is very scary.Zenith bank marking down tomorrow may bring most banking stocks down tomorrow.

Paradventure,If Brent looses another 10% tomorrow,it will bring the price to $20+ which is the worst that can happen and the fear becomes greed to those who understand.

By Wednesday/Thursday,you will see a reversal.UBA can only trade maybe @ 5.90 and reversal sets in.

RabbiDoracle:


N4.15

That will give a dividend yield of over 19%.

RabbiDoracle:


N4.15

Hoping to buy more by Thursday or friday.

RabbiDoracle:


N4.15

Maybe by April/May

Stocks with new 52 week lows
Infinity Trust #1.36k
Upl #1.00k
Lasaco #0.22k
GSK #3.45k
Cadbury #7.35k
Honeywell #.0.87k
Transcorp #0.77k
Unity bank #0.48k
NB #36.75k
GTB #22.15k
Ibtc #31.50k
Unilever #11.70k
Oando #2.43k

leo1234:

Hoping to buy more by Thursday or friday.

When are they marking down?

Godisfaithful:


Target price is N3 or N3+ below

Wealth transfer.

locodemy:


When are they marking down?

Qualification date is 13th been Friday.
Mark down will be next week monday.

Hope I am right.

locodemy:


On Friday,many stocks ended on strong bids.
Just this morning,stocks lost 10% and ended on full offers.

It was so because Brent lost a whooping 10% of its value.

Stocks to continue 10 10% lost depends on the % Brent will continue to loose.

Today's lost and huge offers is very scary.Zenith bank marking down tomorrow may bring most banking stocks down tomorrow.

Paradventure,If Brent looses another 10% tomorrow,it will bring the price to $20+ which is the worst that can happen and the fear becomes greed to those who understand.

By Wednesday/Thursday,you will see a reversal.UBA can only trade maybe @ 5.90 and reversal sets in.

It is the russian response tomorrow that will show the direction. They may give discount far greater than that of Saudi and oil Market will tank 40% in 30 minutes .

Funny enough, Trump said he loves the low oil price.

leo1234:


Wealth transfer.

Action and reaction are equal and opposite.

By the time UBA trades at 3+,stocks like nedtle,my,Dangote cement and other big cap stocks will be attracting investors.

Those who buy UBA at 3 will remain there for a while.

What's delaying WAPCO from releasing their result?

locodemy:


Maybe by April/May

This is by Friday this week if it continues on the 10% loss trajectory.

We will see how it trades on Friday.

locodemy:


Action and reaction are equal and opposite.

By the time UBA trades at 3+,stocks like nedtle,my,Dangote cement and other big cap stocks will be attracting investors.

Those who buy UBA at 3 will remain there for a while.

Dow currently losing 2,000 points now. 8%+ decline.

There is trouble o.

leo1234:


Qualification date is 13th been Friday.
Mark down will be next week monday.

Hope I am right.

If you are buying,it must be for dividend yield purpose but remember UBA will trade lower for a longer time when compare price with big cap stocks.

Better not to enter and get trapped cos of dividend

DOLLARTEX:
Boom!take it. https://www.channelstv.com/2020/03/09/breaking-buhari-sets-up-committee-to-assess-coronavirus-impact-on-nigerias-economy/

Medicine after death. Other president's have been on top of their game and he's only setting up a committee.

God should just fold and store away this country called Nigeria.

RabbiDoracle:


This is by Friday this week if it continues on the 10% loss trajectory.

We will see how it trades on Friday.

Sad

locodemy:


If you are buying,it must be for dividend yield purpose but remember UBA will trade lower for a longer time when compare price with big cap stocks.

Better not to enter and get trapped cos of dividend

Yes I am buying for dividend yield.
No body can predict market direction accurately.
If you are waiting for the lowest price to enter the market, you will likely miss out.

RabbiDoracle:


Dow currently losing 2,000 points now. 8%+ decline.

There is trouble o.

People should stop bringing out there stocks to sell at this rediculous prices.what are they going to do with the money after selling at huge loss?

Mendes is even tired of holding cash.Me self don't know what I can use the cash I have to buy again outside stocks.

Those saying that currency will be devalue , am asking them, Is it only naira as currency will be devalued or including other currency? The crude oil price affected almost the whole country in the world. Most countries who buy oil also market the different product of refined crude to most country, and when there is no availability of money to buy this product those country economic will be affected too.

Minus the huge drop in share price, I support the drop in crude price, many non- OPEC oil producing countries leave the burden of oil cut to OPEC members. By the time crude drop to $10 Russia, Mexico, USA will be the one looking for solution. Most European country are depending on corruption in most oil producing country who dump their money in their countries to grow their economic. When this money will stop flowing in their country as usually, their next visitors will be recession.

I believed that crude oil will bounce back soon, the price drop was to show other non- OPEC oil producing countries that have their budget benchmark on oil at $40, that it's very possible for crude to visit $20.

locodemy:


[b]People should stop bringing out there stocks to sell at this rediculous prices.[/b]what are they going to do with the money after selling at huge loss?

Mendes is even tired of holding cash.Me self don't know what I can use the cash I have to buy again outside stocks.

Is this not what you have been praying for?

leo1234:

Yes I am buying for dividend yield.
No body can predict market direction accurately.
If you are waiting for the lowest price to enter the market, you will likely miss out.

I will chop a big frog.
UBA to me is like Japaul oil.
Time for Loco to be a big time shareholder in companies like Mtn,Dangote cement,Gtb,etc

locodemy:


I will chop a big frog.
UBA to me is like Japaul oil.
Time for Loco to be a big time shareholder in companies like Mtn,Dangote cement,Gtb,etc

Good luck.