₦airaland Forum

RabbiDoracle:
"52 weeks low begets more 52 weeks low."

~Anonymous

in fxuser's voice. lolllllllll

My people nobody is talking about the fact that it was at this junction (42K) that ASI turned back in 2014 and also earlier this year (January).

Are we at another of such turnback junction or we are about to move to the next junction of 44k.

where are all our Technical Ogas (BullbearMkt/fxuser e.t.c).

gbengafaro1986:
it is extremely possible for UCAP to pay N1 end of year

highly likely or something very close to it.

RabbiDoracle:
Cliff ahead.

Hello Chief, long time,

Whats ur rational for d cliff? wld appr8 if u share your thinking

phemmie06:
Qualification date: September 10
Payment date: September 20

Thank you

Jerekre:
Payment Date: 20th September
Qualification Date: 10th September

Thank you

phemmie06:
https://doclib.ngxgroup.com/Financial_NewsDocs/34028_ZENITH_BANK_PLC%20ZENITH_BANK_PLC_%20__CORPORATE_ACTION_CO.pdf


Zenith cooperate action.
Interim dividend of N.30

when are they paying?

Agbalowomeri:
Sell it and let's take the proceeds to a long vacation in the Caribbean

I know say na dis kind talk go bring Agba come out

Agbalowomeri:
UCHENSON has bounced back o. He is now the Obi CUBANA 1 of ANAMBRA

lollllllllllllllllllllllllll

i know say na this kind talk go bring Agba come out

OBAGADAFFI:
I hope some people won't get their fingers burnt with this OANDO HYPE.

Newcomers should read this thread from the beginning, OANDO has a terrible history here.

Chief there is no hyping in what i stated. it is black and white, see where i mentioned that that some people were trapped at 7 and 12 junction, also see the fact that from the information i have whenever oil goes below 70 they wld be cash negative. Plus the fact that their Debt load is killing.

Any newbie that see above and still decided to plunge in would have him/herself to blame and not anybody on the Forum.

zendi:
With the entrance of climate-obsessed far left govt in Washington, it's not going to be well with US oil and Gas.
US over-production and exportation caused the oil price crash.
US Oil and OPEC are at each other's throats and when US Oil is hurting, OPEC will be thriving.
Right now OPEC is even boosting production to stop oil price from rising too fast so US Shale will keep suffering.
This is only the tip of the iceberg of my reason for optimism on Oando.
There's much much more thoughts to share when I've made significant progress loading.
Oando will be earning more to pay off debts faster.
And I'm not assuring you of angelic corporate governance, but hopefully the regulators will keep an eye on things judging from the lesson it has just been thought by SEC.
I will share more when I'm done loading, and remarks are welcome as to what I'm missing

Ok Chief thanks for your response. i remember Wann5 stating that the COP deal was done base on Oil Break Even Price of 60-70 range, hence Oando wld only become cash positive when Oil Price goes beyond 70 as it is presently, but that Debt load is killing they would need the price above 70 for more than a year to be able to make an appreciable dent on the debt load.

Also there would be quite some setback arnd 7 and 12 naira (if it ever get to those junction) because the last batch of people trapped boarded arnd that price range.

wld appr8 if u keep me posted when you finish loading

zendi:
Not gambling, brother.
Money is not for throwing away wantonly.
I know betking/9ja if that be my want.
There's real solid reasoning for my bullishness on Oando at this moment.

Hello Chief, wld appr8 if you share your reasoning

Raider76:
Thanks @bigjay01. I actually saw this Press Statement by Oando, and I am not doubting it. But I thought SEC too should issue a statement. This will prevent the claims and counter claims. When two parties come to such agreements they usually issue joint statements, or separate supporting statements.

Chief SEC also issued, you might want to check Proshare for the SEC issuance

maishai:
Just like NSE that we all learnt by getting burnt at times same with real estate and rental properties..,,,,

I know many that swear to live by it, u learn the ropes too.......

Exactly what i am trying to say by "proper dimensioning"

OBAGADAFFI:
It is a serious bubble, with huge expenses.

Most of them are now converting their properties into the hotel business.

Boss i dont totally agree with this. Real Estate just like NSE had some end of it that is junk while some even in present situation is still hot cake. it depends on proper dimensioning before you go into it.

e.g. doing anything on the high end of the real estate now (whether buy or rent) could be a recipe for disaster because d major thing fueling that end is corruption / enbezzlement proceeds

what just happened on Zenith

wow

yMcy56:
Still awaiting Zee's Q1....

i no know wetin dey delay Zee like this ooooo

Mayb it want to come with a corporate announcement (quarterly dividend/ merger / acquisition)

it was the first to publish full year result which even required Auditing

so i dont undertsnad the delay in 1st quarter which does not require any auditing

Hello my people

i beg has zenith published 1st quarter result

jideflash:
fbnh no fall again. why na, was holding my cutlass at 7naira. oh well, make i manage the units i still have there, plus the newly added uba i chopped at 6.90.

Dont be in a hurry

The night is still long

rebekah2011:
https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results
https://doclib.ngxgroup.com/Financial_NewsDocs/32876_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20CORPORATE_ACTIONS_A.pdf

Appreciate Sir

yMcy56:
I don't have it again.
No site to get such info for now.......NSE site is offline.
We've been posting different 2020 FYE results at different times here, you may do some search.

okay, thanks, appr8

yMcy56:
Yes.
45kobo dividend for 2020 FYE.

Thanks Sis

Can u please share the result (if per chance you have it)

Good Morning oooo my people

Has firstbank released its 2020FY result?

nna777:
2 Big Cap coys heralded the last bull we had last quarter of last year to early this year. MTN & DANCEMENT.

Good volumes have been building on both coys especially MTN with price uptrend. Are we to see another bull shortly?

IF the trend continues to next week

Also keep an eye on the index, IF we retest 40k next week too,

My Oga that late last year bull was not a bull ooooo.

It was a Forbes induced bull (BUA nd Dangote)

As for whether another one is coming i doubt cos no Forbes in sight except the Fixed income space help by rate not moving up further if not what we are seeing cld be a dead cat bounce. Although last last and deep down within me i pray it is not.

emmanuelewumi:
2020 was a good year for fund managers, that might not happen in 2021. It is prudent to under estimate your expected gains

Thank you Chief.

I appreciate

zimams:
Nothing major..
I've assumed 'per chance' reduction in dividend from 70k to 50k going fwd which is a 20k drop (with recent experience with UBA & Afriprud in mind) .
This amounts to approx. 28.57% reduction. Working out Div yield at current price with this provision will be 11%. If you work it out with 70k div, then Div Yield = 14% approx which is still below 15%.
In my books UCap will need to trade at 3.30 for me to expand my holding, giving me 15% Div Yield with my risk provision. And I'm patient... it's a long game...
If they repeat 70k dividend for 2021 FYE , that will put me at 21% Div Yield with my risk provision.


These are strictly my permutations for UCap.... DD is advised as usual.

Thank you Chief.

I appreciate

zimams:
I haven't mentioned UCAP cos I approach it with a 'risk provision' of 28.57% reduction in future dividend. And when I do this.... its Div Yield is 11% which falls short of the 15% target I have.

Hello Chief,

WHY did you make the above Risk Provision, and

HOW did you arrive at the percentage?

i would appreciate if you share your thinking

thank you

yazga:
It will go lesser 15

we are going back to 10-11

lollllllllllllllllll

PharmAlfred:
Are the people mopping UBA at N7.20 tired?

lollllllllllll

There is a need to test the resilience and depth of the sellers also, so the test point has been moved to maximum loss of 2moro (6.50).

emmanuelewumi:
At N6.50k

After which it wld fight its way back to N7+ again WHEN/IF the reason behind the drastic cut is OK with the institutional investing public, failure which you can expect further deterioration / cut

robobo:
abt 70m unit already exchanged hand

we might be seeing up to 100m units exchange hand today

nd possibly another 50m 2moro den calm might set in

old boiiiiiii

my 100m sales forecast already bursted

we might be doing the 150m sales today

a single sale of 7.5m unit just happened now

Mcy56:
Tony and his guys in action!!!
He always come to save/stabilize this kind of situation.......
It's Tony against dumpers today......

abt 70m unit already exchanged hand

we might be seeing up to 100m units exchange hand today

nd possibly another 50m 2moro den calm might set in