₦airaland Forum

RabbiDoracle:
Remember people bought at N2.5 to N3. So they will keep selling to quickly take profit even if it is N1 gain that they made. This is because they will be comparing withe dividend with their gains.

Correct, baby and mother approach ( what is this 40k compare to my N1.50k capital appreciation)

O boy let go south

DeRuggedProf:
FMN fighting with its chart....

B4 the storm!

wanaj0:
Crude swap can be done but it will be denominated in 'dollars' even if there is no exchange of cash.

Dangote has interest in some oil fields so supply is more or less secured. Transaction will still be done in dollars.

On landing cost, yes it should reduce BUT a lot has to do with pricing. The experience with cement should be a guide. Local production is yet to bring down the price of cement.!

The formula for transactions in Oil and gas industry is 60% Dollar and 40% Naira.

locodemy:
Hello.
Hello,Peter.........
Are you very sure this is not a day bull seven days bears?
Are you sure people's finger wont get burnt in days to come?
Anyway loco is still carrying his portfolio at hand because there is no evidence of bull now.

Game is changing!!!!! Results bull are taking over.

Zhirinovsky:
That report is false and meant to deceive. Yok should stop bringing such nonsense here!!! Those guys didn't even state the main stocks msci are currently offloading.

Please we need Yok, His report is okay for some analysis. It is like commitment of trader report. What is the

fund doing to the stocks in their numbers is what matter which you have to see if it is correlated with the market overview.

They should not be the only fund on NSE. But when there is sustain move of the fund in one direction in line with the general market. This could call for action to a discerning investor. Obviously the fund is not NSE

Mpeace:
yes I can, N12. no jokes. Just look at the impairment charge so far taken, 35billion. add that to their profit so far= 41billion. On a good day, diamond bank should be just under Access bank. They just need to clear their NPL which ratio stands at 9.5% with the bulk of it (52%) in the oil sector(which is recovering) They should also make something good out of their recent divestments which is aimed at converting ti a national bank . Mind you the CAR for national banks is 10% as against 15% CAR for international banks. This would free up alot of cash for the bank.

fxuser:
Just Before Noon
Day low N2.96
Opening Price N3.11
Day High N3.19
WAvg N3.05

Interesting support build up

Dis
bought some early , stop loss N2.50

Sir,
Probability is very much against this trade. I could be wrong shaa

TLAX:
Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

This is expected. The coy is not only creating monopoly in this industry ,it is being extended to

pastry business. Chin-chin is no longer ordinary business for common men.

mendes911:
The question we should all ask is why all these positive news on some stocks since the removal of 50k support line. Coincidence? That's one thing I don't believe in.

It is not different in time immemorial, same way, same stuff.

TLAX:
The store in VI is already open at Akin Adesola Street.

Sumitomo Rubber South Africa(PTY) Limited (SRSA) in partnership with Tyre Express Nigeria Limited has opened a Dunlop Zone store in Victoria Island, Lagos. The opening of the store will help them in the expansion strategy which sees them focusing on key African countries with great growth potential and expanding markets. “In Nigeria, SRSA has already opened four stores in Lagos, through our partnerships with our distributor. With the city’s population estimated at 21 million, this store is strategically located to service a range of customer needs including and not limited to ancillary services such as balancing, alignment, brakes, batteries, shock absorbers, exhausts and tow bars”. Through market engagements based on SRSA’s success in various distribution channels, they have introduced the Tyre Retail model to the African continent which is a maturing industry with growing potential. This new world class retail centres will aim to offer a different experience to the customer, with high levels of service, comfortable lounges, free Wi-Fi zone and more. “Our aim and vision is to change the experience of buying tyres in Nigeria”, said Govind Ram, Director of Tyres Express Nigeria. “We are taking a long-term investment approach to this partnership, and have therefore made sure that we do not cut any corners. The Tyre Express we are opening in partnership with SRSA is of global standards and I am confident that it would stand high against any others in the world”, said Jaber Abbas, MD of Tyres Express Nigeria. Riaz Haffejee CEO of Sumitomo said “It is our vision and aim to enhance the safety for all road users, and reduce the risk of accidents and loss of lives on the road. Motorists must be given readily-accessible choice of high quality new tyres at affordable prices to ensure the right product, is on the right vehicle and fits the right terrain.”

Read more at: https://www.vanguardngr.com/2017/10/dunlop-expands-nigerian-business/

Chibuking81:
FMN has a lot of passengers, many are doing monkey hunt for the company. Their upward movement may not be now, because they still have months for the declaration of their result, may be then if election bear did not surface.

Many passengers with almost sure bet.

DF

HF

FMN naa Baba . DD

Willie2015:
Hope this GTB support will hold oooo, picked up some decent units at 45.60

You get mind o . Okay it is good to hunt dividend thingz

Actually many things are going good for FMN

1. Stability of Forex and accessibility

2. Down trend in the price of wheat

3, Quarter to quarter growth of EPS

4. Reduction of debts in normal course of operation.

5. Well diversified company

6. Best company in payment of dividend

7. Peer review suggests that, number one could not be left behind.

strategy in case of unexpected

Average Down

RabbiDoracle:
Be ready to keep buying down

Agree with you. Market knows why it is selling down aggressively. More down to go.

Chibuking81:
Chief monkey hunter, I remember you want it at 1.50, so that you will see enough money to share drink.
If Peterich group should help you, they will help you to drag it to 80 kobo.

Then currentprice will ring the stop bell

ukay2:
Most of us use NSE as part time leisure

Yes o, Patience is golden. There must always be a time to fold it and a time to unfold.

Zhirinovsky:
It's high time I left this NSE hussle and find some other profitable venture

Talk to feelamong. No delay o

Invest is based on risk appetites.

Market closed positively

If there is any one stock IMO I could try

it is going to be NASCON.

Thinkbigga:
Some moniker are prominent during bears and disappears/scarce during bull, and vice versa

Once beaten twice shy.

Hum Hum,

People should tread with caution. The Market health is weak.

Hopefully the tide may turn. Don't be the first and get slaughter

patience is virtue.

Bears on rampage. Please call 911! to stop this madness

Toluway:
Don't pretend that you don't know what I'm talking about my Oga. You are brighter than that. Fortunately for you, the majority is not getting what I'm driving at, and helping you to attack me instead of giving me a well deserved award for my timely discovery and courageous exposing.
Now, this is a private and secret discussion between you and I. You and I know that the bear all over the world for about three weeks now was caused by sentiment and sentiment alone. This has been proved worldwide since three days ago.
Efforts have been made worldwide expecially in U.S . to attenuate this herd scenario. Veteran traders in America has had the cause to address traders, telling them to be patient, that the economy and the fundamentals are strong.

BUT Sir, on the contrary, what have you been doing here? I put it to you that you have been doing all you could to promote and exacerbate the bearby adding petrol and gas to the herds scenario for obvious selfish reasons.
Rabbi, my jolly jolly Oga, I hereby appeal to you to repent and apologise to this heavenly ordained forum, to promote the cause of stock trading in Sub-Saharan Africa.

Tolu's man,
Humm, anything can cause bear. as well anything can cause bull. It all depends on market sentiments. Anyway if you have a system in place I do not think you will have problem with Oracle's posts. You are rubbing oracle with oil then little by little you set fire on it . Oracle is not the only person that sense danger. He tried as a mother hen to protect the chicks, but most of us still did not hear.

We all are actually not meant to hear depending on your investment philosophy. AS bulls cycle will not last forever, so the bears cycle.

PharmAlfred:
Herdsmen have invaded NSE. Killing and maiming any stock in sight.

With the way market closed today, selling pressure may continue.

Let's see how events proceed from this point. I see another opportunity though.

Bro there is no opportunity now. May be latter sha. This is very deadly.

So... bears enter the market. Hope it is not a crash again?

Agbalowomeri:
I no ask you to buy, but come open door for this Aiico

Agba weting dey happen. Them trap you for there?

Dsugar is getting very interesting

market most likely ends in green

mendes911:
I know naww. That's why I was vocal against forum members that were churning out all manner of prices for some stocks.

Shebi Sam Loco don run comot from Transcorp. Same stock he exchanged words with me when I cautioned him about his price prediction. Likewise OneGentleGuy (abi na GodlyGuy, I don forget self) on Skye Bank and Dangote Flour.

Funny enough, the bears are not yet here. This is just knee jerk reaction to DOW and other markets. We will understand more when the market goes for correction. I pity the newbies though.

We keep watching shaa.

Sure bears never come. This is a sympathy move to other exchanges.
However, who knows what follows

@Oracle

I dey enjoy you ojare. I lost a lot in 2008 due to trading on margin.

I bought fundamentally sound stocks, but my impatient broker sold them to

offset the margin. Kai I came up with rule 2. Never borrow money to trade.

Time is always a good friend to those that bought and hold below the fair

value.

Opportunity to load more, when the coast is clear.

This sell off wont last IMO.