₦airaland Forum

Bomboclad:
The guy na coward, he better give us our N9.8 Zee, we have already sent money to broker.

My Oga hin own pass COWARD self

im sure he his here.

IF YOU ARE NOT A COWARD PLEASE BE PROVOKED AND DO THE NEEDFUL

WE ARE NOT MANY YET WEY NEED AM AT THAT PRICE

IT IS JUST 48M U KNOW SAY NA 240M U WAN SELL YESTERDAY

SO 40M NA CHICKEN CHANGE FOR YOU

I DEY BEG UUUU OOOOOOO

Mcy56:
The 9.80 supplier changed it to N11? Why nah?
Guess they have ghost reps here

IF NA 11 HIN GO TANDA.

NA DAT LOAD WEY HIN CARRY FOR HEAD GO YAMATU AM

HE BETA COME TO OUR YUNCTION (9.80) SO DAT WE GO RELIEVE AM OF HIN LOAD

seyisanya:
He's done!

what do you mean? i go naked fight u oooooooooooooooooooo

dont play with bad thing ooooooooooooooooo

HOW CAN HE BE DONE?

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

i beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

RabbiDoracle:
How can you increase capacity when OPEC wants to cut bone join?

but the news is thsat all man is free to pump as hin like from April 1

OBAGADAFFI:
CBN said no to devaluation

Really to be fair i dont think devaluation is warranted at this time and if any it shld be quite minimal (5-10%)

From my night school analysis brent had average a price of abt 35 since this crisis erupt which wld mean a loss of 22 from budgeted 57, which is abt 40%, if this is view against the 1.7m production cap in place at 57 it wld mean that to be back at the budgeted equillibrum the country could increase production to 140% of 1.7m which is abt 2.4m. the next question is does the country has capacity for 2.4m bpd, while i am not sure of 2.4 at least by antecedent 2.2. - 2.3 is sure that leaves us at 0.1m short of being back at equillibrum. so the question is; is 0.1m bpd short should warrant devaluation, apparently it does not however given that the fact that the country goodwill in international market seems to be at an all time low then one could probably say some devaluation (5-10%) could cometo play

However if the country goodwill (in international markets) is high the talk of devaluation should not have even came to the table

RabbiDoracle:
Read about Spanish Flu pandemic.

At a point, they wrote that the virus goes from places to places and stays there for 1 month and if successfully contained, it kills all it wants or the people resist it. After that it is gone.

Now China and South Korean cases are drastically reduced. They have started closing all those makeshift hospitals.

EU problem was their free border policy. Now they are closing borders to contain it.

The fall is stocks worldwide is to price in the effect of the economic damage the virus will cause on companies books. After that government will support them and distribute me. Na that one my eye dey and not all these virus stories.

Once you start seeing reduction of cases on EU and US probably end of this March, market will look up. And those who I bought from will come and buy from me

Please tell the seller to come out today. and place at 10% offer. All I know is that if Zenith gets to N5, UBA will trade at 50kobo.

My Oga na the bold i like pass for all this your turenchi

me my prognosis is simple since na night school i attend

if the corona bring armegeddon as some are speculating both cash and stock (and all assets) wld have the same value (which is zero)

if that is the case then wetin be my own problem

i beg make d man carry kaya come for 10% less yesterday closing

after all las last we go all dey alright

RabbiDoracle:
Surprisingly, it may cause a bull o.

The dislocation the world market is having has been attributed to him.

u have a point

i wasnt looking at that angle

RabbiDoracle:
https://www.investing.com/news/politics/brazil-minister-who-met-trump-tests-positive-for-coronavirus--reports-2108536

My Oga shey no be wahala be this

Make POTUS no get the thing ooooooooo

because the quake wey the thing go cos hennnnnnnnnnnnn

he no go get part 2

RabbiDoracle:
That is what I am waiting for.

If after breaking below 27 and it goes up or The oil price war is resolved , then everything for this world na script. Nothing more.

the thing go come

u know Russia never officially given response to the trade war started by MBS. i think that might be the trigger

RabbiDoracle:
This is the bigger leg.

My Oga he never complete

he remain make oyel test 27 (wti)

mayb that wan go be 2moro or on monday

Hurrayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

Zenith is going to close at 10.85 todayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

dey should bring more market tomorrowwwww oooooooooooooooooooooooooooo

mendes911:
Bros, how I wan take call your mama? Me don dive in already, na small part of my body remain outside
"What is dead, may never die again".

Oracle and CP already gave me all the assurance I need.

My oga all die na die

Nothing do us

it either we kill or we are killed

Any which way what is the purpose of a man that does not experience adrenaline rush

this is my own Formula 1

again all die na die

RabbiDoracle:
9.8 will be the least price

my oga i dey w8 that price level

though i don chop half of my guage level already

so anywhere d tin face na win win for me whether down or up

but i wld really like to see it at that price level by 2moro
though i wld expect div reinvestment gang to not let that price level hold for long (if it is attained) cos 2moro is payment

rebekah2011:
Are we sure that the same level of dividend will be possible come next year? I am not that optimistic.

High probability of not being attained

but i think worst case scenario 60-70% of prior year shld be achievable by the bank, and tehy wld fully bounce back by 2021 barring any other major world dislocation

Agbalowomeri:
Well maybe if you are talking about open trade excluding institutional cross deals

yes i mean excluding institutional cross deals

chillykelly86:
The words of the minister doesn't in anyway express dissatisfaction with the status quo; he is simply not foreclosing future cooperation and collaboration with OPEC. The low prices are exactly what Russia wants and their aim is to force US Shale producers out of the market/business.

The earlier we get acclimatized to this, the better. Its a long road ahead.

.

oil dey your head

i wld also tell folks that when they are calculating forwards EPS / DY they shld be marking down by at least 30% cos there is over 90% chance that
numbers wld come in lower at the end of the year (though it might not show in Q1 yet cos we are not that hit by coro and the pass thru effect of lower oil price wld have some lag).

that being said it doesnt mean folks shld not buy at this level. all above wld just make sure that we are opening our eyes very well while doing the buying. i myself bought some stocks today and im still also in the market but doing so with a clear eye

mendes911:
Am not entirely convinced that all those funds are local. Some FPI's might be buying already. Money don too much ooo.

Either way, like you said, they have gotten the message loud and clear.

My Oga

All na local

PFA only hold abt 5-6% of total asset under management (>10Trillion) as equities whereas regulation allows them to hold as much as 15-20%.


That mean extra ammunition of over 1 trillion not yet used

so what u see today is chicken change if PFA (the big masquarede) decides to dance

currentprice:
at least we hav some green

tomorrow will be better

That is what is called green offshoot

but as someone said Egungun be careful ooooooooooooooooooooooooo

otokx:
it appears to be stabilizing at $35, safe to say its $30 ~ $35 range.

Temporarily until Putin strikes

mendes911:
GTB and Zen has done sales of N10Billion and counting.

Obene Kwa Kwa x3...

i like the battle of 12-1pm it send a clear and loud message to the FPI that there is liquidity within the country if they want to exit

my prayer is for such liquidity to exist at the ultimate point (FX)

if that happens then its a big positive for the country because after the dust of coro and price war settle u can be rest assured that they wld come back in drove because a major fear they have up until this week (i.e. ability for seamless exit) would have been adequately addressed

DOLLARTEX:
Zenith going back up.The selling is done.

its PFA and some deep pockets

the PFA had been wanting to enter market but were sceptical price were too high but with the kind of prices saw yesterday

All die na die

mendes911:
Locals like Mendes are worse than FPI's.....

Oga u no well at alllllllll

lolllllll

Mcy56:
GT: 272M units and Zee 215M units sold so far and still counting.....
Today na today.....

Today na Today

All die na die

PFA vs FPI

who blinks first

Dwizeone:
Don't think the dip is over o, whoever targets the "cheap" just want a good bargain which is not far insight... This market no be emotional thing

ur head dey dir

the closer i am to d ground. the less the impact when i fall

RabbiDoracle:
Those bidding banks should place their bids low. Don't chase prices.

After taking it up, they will still sell it down.

That way you don't get to lose when prices reverse

oil dey ur head

in short big Heineken for you

MTN at IPO price

where are those pursuing the moving train den

food don ready ooooooo

make una beware oooooooooo

oyinbo dey set trap for all of unaa oooooo

by midday dem go supply avalanche ooooo

oil price don dey go dwon again ooooo


lollllllllllllllllllllllllllll

why this FPI dey do like this naaaaaa


Make dem sell all thier kaya make dem go their contri naaaaaaa

27m unit of Zenith naaa dem no wan sell

48m of GTB naaa dem no wan sell

so dem sef get fear for bodi abiiiiii

All die na die i beg we must close today at the day lowwwwwwwwwwww oooooooooo

RabbiDoracle:
I didn't say Putin will prostrate o.

A delegation of nations (Nigeria, Angola, Venezuela etc) that are affected by the oil decline will go and beg Chief Putin. They will go and meet Otunba MbS.

Abeg and prostrate.

it is starting gradually

though i doubt the efficacy because Putin ultimate target is to beat back the Americans thwarting of his building of dependency of western Europe energy source on Russia (a la Nordstrom pipeline).


https://www.reuters.com/article/us-global-oil-mexico-herrera/citing-past-success-mexico-seeks-to-mediate-russia-saudi-arabia-oil-row-idUSKBN20X2X0