₦airaland Forum

OBAGADAFFI:
Offloaded all my Continental Reinsurance plc this morning.

No positive news from them for now

My Oga

D u mean the mgt is not going through on the delisting / capital restructuring again

i tot SEC only told them to do another Court Ordered Meeting, that shldnt be something be that hard to acheive naaa

wld appr8 ur thot

rebekah2011:
No deduction. straight 24 going to the shareholders

Thank you Chief

rebekah2011:
No deduction. straight 24 going to the shareholders

not even CGT?

onegentleguy:
That's cool !!
Any short term fund can be suited for a quick one here. ...as long as one has done the requisite with the registrars.
It's a great play given the current state of the market.
Again, duration on ACTUAL RETURN is less and also much better when compared to that in the fixed income space. ...which makes it a sensible play.

Regards.

Hello Chief

Any idea on the tax/ statutory deductions of this N24 payout by Olam?

Harvestock01:
10% WHT

Do u mean 10% WHT on the whole N24?? Haba na wetin no be dividend naaaa?

i wld appr8 if someone can enlighten me

wld this Dangflour payment by Olam be subject to any form of tax/dedcutions??

OakPearl:
On a scale of 1 to 10, Wall Street warns that China's new trade war retaliation is an "11" in terms of severity.

With world stock markets tumbling in reaction to this war, I wonder if our market can experience the (even if mild) recovery it so desperately yearns for.

Just thinking out loud.

i doubt cos d major driver of the Nigerian Economy (oil) is already feeling d brunt as it is set to breach the $60 mark

BullBearMkt:
... 0.50kobo. free fall. lol!

not a sell advise either if you have the stock. I'm just catching some fun

Dont have any. as stated just looking at it as a speculative play in the days ahead

meaning dat if it breached 7.02 den it wld be entering into uncharted territory? rite?

robobo:
My Oga i also agree that the story coming out of Eco is not that good plus the financial is just average and not in anyway excellent

But you can be rest assured that Eco won't be far from an acquisition / takeover with the current rate of its falling because of its pan african asset / franchise. who the acquired wld be is what cant be said at present but d franchise / asset looks quite enticing and wld make it a target of acquisition if the current downward trajectory does not abate

Chief BBM wld appr8 if i am on d mailing list on this


n.b i dont own any but wld seriously consider this in d coming days for speculative play purely

Chief BBM what cld be next buststop if the 7.02 is broken?

pluto09:
Na acquisition saved diamond o.
Story coming out from ETI is not encouraging at all or is another access in the waiting to bail out this one again

My Oga i also agree that the story coming out of Eco is not that good plus the financial is just average and not in anyway excellent

But you can be rest assured that Eco won't be far from an acquisition / takeover with the current rate of its falling because of its pan african asset / franchise. who the acquired wld be is what cant be said at present but d franchise / asset looks quite enticing and wld make it a target of acquisition if the current downward trajectory does not abate

Chief BBM wld appr8 if i am on d mailing list on this


n.b i dont own any but wld seriously consider this in d coming days for speculative play purely

Agbalowomeri:
Meanwhile, the naira is strengthening strongly against the pound
Any insights?

My Oga na d pound dey fall no be d Naira dey rise

Brexit thing

Bomboclad:
Looks like someone with over 169M got tired of the wait. Why wait this long when you can cash out and move with the moving trains...FO/WAPCO/etc..

dont look further than the person asking u d question

After Alhaji na only Oga 333 get that kind volume

BullBearMkt:
FUGAZ TECHNICAL ANALYSIS...
We have seen the outlook of the "G" part of the FUGAZ yesterday. Below are my observations for the remaining:


PLAN YOUR TRADES AND TRADE YOUR PLANS

Chief Thank you

God bless you plenty for this

But as human I (i.e. we the NSEMPA house) would like to do oliver twist

we would appr8 if you help us visit the NSE request again at your own convenience

Once again thank you

Agbalowomeri:
Averaging down in a bear could be very frustrating
You will soon become exhausted
Not only that, the emotional torture of waiting endlessly for the bull which could take several months to even break even. So, instead the wise thing to do is to wait out the bear. Trust me a market that has been bearish since February last year will not just turn bullish over night. The index go siddon yakata for ground well well first.
The people who know how to study bottoms know when the first sign of a bullish breakout announce. Then you buy your stocks and you continue to top it up even as prices move up, hence the phrase 'average up.
The good thing about waiting to trade in a bullish market is that you improve your efficiency, make your profit faster and get out near market tops.

Quintessential Agba again. more of this PLEASE

BullBearMkt:
...thanks sir. I wrote some comprehensive write up of general NSE outlook on Saturday, but the system removed it. Since I don't keep my posts personally, I can't get it back. However, on FUGAZ, I will take a look & provide my opinions on them.

Ok wld expect for the other FUGAZ but its sad that the system deleted the general NSE analysis that you did

Thank you

BullBearMkt:
MY TAKE ON GTB...
...I think the current situation on NSE should gladden investors cum traders alike, as stocks are now relatively cheap to buy. Looking at today's

Oga BullBearMkt

Welcome back once again

wld appr8 if u can help with dis type of TA for other FUGAZ also and possibly the NSE in general

Intendy:
Stocks with new 52 week lows

Gtb #27.90k
International breweries #12.00k
NCR #5.30k
Eterna oil #2.70k

I can NOW believe we are entering bear bear
Na NOW d thing just dey start
GTB don join but d haircut still small
we are gradually getting to the END

Agbalowomeri:
My brother, I don't know anything about ETI o
It's purely gut, from the way the thing dey dig into hell fire

Thank u appr8

Agbalowomeri:
Clearly ETI is poised to win the next 200% race for us
We watch carefully like the Felis catus

Boss

Whats ur take vis - a vis the PIC / NEDBANK scandal currently in play in SA abt d same firm

wld appr8 ur perspective

BullBearMkt:
...lol! why asking people who are gurus in stock market this kind of question? You will do well to ask the Forex gurus in the appropriate section your "pips" question.

welcome back chief

The person wey dey offload this UBA na lily livered person oooooo

he shld demolish this walls at 5.55 and 5.50 fast naaaaa

DeRuggedProf:
When your vehicle chooses to respond only to the reverse gear, let your driver remember to face the car in the opposite direction of your journey and proceed....

This is NEXT LUNACY...

we (NSE) are definitely stuck with low / lacklustre performance growth (with GDP growth not likely to exceed the range of 2-3.5% per annum) for the next four years. The only game in town as per NSE wld be to chop dividend and occasional volatility induced JIJO


hmmmmmm we are on a long thing

lancee:
How far sir ..Next week na first week August ..everyday dey go fast these days

My Oga me sef no know. i was just relying on past trend of interim payment for the FUGAZ falling within the stated period.

it might or might not be d same this year

Jejebabaa:
Hope some people have not seen UBA result or its IGG.

result still far away (same as interim dividend which wnt be paid until late August / early September)

its just closing the gap between its brother and co musketeer (Access)

expect similar thing from FBNH if the other two musketeers are able to hold thier new prices otherwise they are coming back to thier third brother

OakPearl:
Waited at this junction all day.
Phew!

got some at 5.50 today and some at 5.55 / 5.60 earlier in d week

UBA lets go there

u can sure do 5.40 today

try harder baby

OakPearl:
What is going on with Oando?

Someone had been fighting to ensure the price does not go below N4

and the person had been quite consistent since abt a week or two

either its the market maker or an insider who is see some value at dat price

cos if person is an outsider and not either a market maker/insider then that person sure has a heart of steel for the units he had mopped up at dat price (abt 10-20m units)

mendes911:
Not to worry. Somebody heard your cry and sold to ALL on #5.50.

im not really concerned about that particular order cos i know it wld break d price (ve got some other at lower prices)

i wld still appr8 if im schooled on how the order system

House Please i wld appr8 if someone can help clarify this

Placed an order for UBA @ 5.50 early today, in fact after the placement i was number 4 on the 5.50 band

however about an hour into trading i noticed my order had been moved down to number 8 after which some units were filled

now i had noticed more than about 3 million unit done on the 5.50 price but my order is yet to be filled neither is any of the first 7 orders in front of me. Please note that all unit done within the 5.50 band were small disparate figure so cldnt have possibly been crosses

i wld appr8 if any1 can shed light on how this order system works so that it cld be factor into decision making

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/26731_UNITED_CAPITAL_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf

Thank you

paulcr7:
Earnings Flash (United Capital Plc)
H1:2019 Unaudited Results: Revenue fell 16.5% Y-o-Y to N3.2bn from N3.9bn; PAT declined 17.0% Y-o-Y from N2.0bn to N1.7bn

Transcorp, now UCAP. "My" companies are not doing well.

Hello Chief

would appreciate if you oblige the UCAP result