₦airaland Forum

WOWUUUU!!!

OIL CAN HIT $20 soon...Saudi Arabia increasing production

Nigeria downgraded to Negative...

FG wants to borrow $22 billion...

FACT:

Devaluation looming!!! Avoid NSE for now.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN20R1ZU

(Reuters) - Russia has opposed Saudi Arabia's plan to deepen OPEC+ cuts by 1.2 million barrels per day, a Wall Street Journal reporter said in a tweet here on Wednesday, citing sources.

US treasury yield selloff intensifies.... Fed shocker

Most of this funds has to find a safe haven

Gold not coming down anytime soon this year.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-03/fed-cuts-rates-half-point-in-emergency-move-amid-spreading-virus

OSUSU just enter for my $ sell

@Oracle...is this positive of negative for emerging markets like NSE.

Since we expect more cuts, with this emergency rate cut the Fed seems to be ahead of the market with this move.

Double Wahala...devaluation looming!

Stable to Negative...

https://businessday.ng/breaking-news/article/sp-downgrades-nigerias-credit-rating-on-foreign-exchange-reserves/

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-02/boj-boe-pledge-to-ensure-market-stability-as-virus-fears-mount


Markets see Fed cutting rates by 50 basis points this month
Goldman suggests central banks could coordinate cuts

The prospect of central banks’ action sent U.S. stocks headed toward their first gain in eight sessions.

I hope Veecovee is OK. This thing get as e be.

veecovee:
Those that wrote the investment books (foreign investors) are the movers and shakers of our local market sir.

Veecovee...I don't understand the loss that is making you argue with Oga Oracle like this.

If na another person I for doubt. You no be today person for NSE.

This one must be serious oh!

I understand the pain, that a lot of people waited and plan to sell in May as usual and refused to sell when Oracle was shouting Sell..Sell...Sell.

Oracle to a reasonable extent know this NSE. This your argument is somehow.

seyisanya:
This is the kind of testimony I love to read. Only a few Nigerians show appreciation, they will still throw "olumo" at you even if they quietly learn from you. This is how it should be, not the unnecessary "rock" throwing. God bless you, sir!

Na person way no know Oracle dey throw am rock....

Once I check say na new comer for NSE dey throw the rock, I just ignore.

Those that know, will argue and still learn. The rest argue and stay loosing.

Jejebabaa:
Pastor Vee, u dont know Oracle strategy and stop guessing please. I am privileged to know his strategy, he buys at a very low price with good margin of safety, even if market drops further after buying, he keeps buying and getting dividends. Then when the market euphoria comes and people start giving ridiculously high prices stocks will get to, then he start to sell and handover his kaya to the market optimist that are waiting for wapco to hit 3 euros.
He is not a trader and doesn't look for 10-20% capital gain. He enters stocks at a ridiculous low price that can give him atleast 100%. A case study was the fidelity he bought at 80 Kobo and sold for 224% gain. He is someone I am privileged to know and also learn from his strategy. He has saved me millions of naira in terms of capital loss. He asked me to sell my uba during the last bull and told me my entry price of 7 naira was too high. Thank God I sold then, if not my uba would have gone back to a loss position in my portfolio.
He is of the strategy of if it doesn't poo, it must vomit but his point has always been buy low with good margin of safety as preached by the intelligent investor by Prof Ben Graham.

E be like you go kee me today!

Mcy56:
Yessa.
....but I'm not talking about good or bad either. Just pointing out that you changed your tone again. Earlier you're waiting btw 10-13, but now you're ready to accumulate.
You have your reasons for your decisions but eerrmmm........not to sound too certain as if something is impossible some other time.....for the benefit of some other people.

Chai!! Make Una no vex, y'all will soon be seeing less of me in the forum.

Mcy 10-13 na accumulation range na...

I don't even know if it would get to N10 that is why I will buy in tranches from tomorrow.

Mcy56:
Tone don change. Well-done Sir.
Well, Wapco sold down to day's low of 13.95 and still closed 15.50 for the 2nd day. Some people picked at 13.95 junction today.
We're awaiting result with expectation of lots of improvement all things being equal.
CP identified this stock. OGG as well.
I think whosoever is interested should start looking this side small small.

Caveat: Na my own I talk, barring any unforeseen circumstance.
Peter come and take over your marketing, I don try, even if you no send me.

Nobody is talking about good or bad...or are stocks like uba, gtb and zenith not good stocks.

We are talking about depressing price. Nobody said Peter bought a good or bad stock.

sellydion:
Put in your bid, no go get at those prices. At least I tried one. Peter don tell you say naa cross trade.

Put in your offer they would nap it

For me its time to buy...I don't put a bid at low when buying.

I just buy once I am convinced. Even if you buy at high of today and the stock gains 10% next day it means a lot.

PETERiCHY:
*LAFATGE/WAPCO raised N140B in 2017 @42.50 per share via RIGHT ISSUE which happen to be to he biggest right issue in the history of NSE

*Raised another N89B in 2019:via RIGHT ISSUE.

*Raised another $316million via sell of their SA lose making SUBSIDIARY.

*Their 2019 Q3: result shows a TREMENDOUS IMPROVEMENT.

* Do you now need a SOOTH SAYER to tell you their 2019 FY result will be a BANGER or are you minding LOCO that sold his holdings for a PLATE of PEPPER SOUP

Peter you have a point....the way price goes down and closes same price says a lot.

Time to start accumulation, tomorrow Lego!

At this point... Worst that can happen is Parent company makes a take over offer.

Even if after result comes out and price drops,I keep buying. Anybody willing to take over must pay above N45 in the future.

WAPCO...N13.95

Buy Zone is N10-N13

This was long overdue!

https://punchng.com/nerc-puts-limits-on-discos-estimated-billing/

The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers.

It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption of unmetered customers by the Discos.


NERC disclosed this in its order on the capping of estimated bills in the Nigerian electricity supply industry which it said took effect from February 20, 2020.

The commission said all unmetered R2 and C1 customers should not be invoiced for the consumption of energy beyond the cap stipulated by it.

R2 customers are residential customers who consume more than 50 kilowatt-hour in a month (single phase and three-phase), while C1 customers are small businesses (single and three-phase)

“A consumer of XYZ Disco resident in White Acre under R2 (single phase) tariff class has an energy cap of 78 kilowatt-hour per month and a tariff of N42 per kilowatt-hour. The maximum that XYZ Disco can invoice such a customer is 78kWhr x N24/kWhr = N1,872 per month,” NERC said.

It said all other customers on higher tariff classes must be metered by Discos no later than April 30, 2020, adding customers would not be liable to pay any estimated bill issued if the Disco failed to supply meters.

“The customer shall remain connected to supply without further payment to the Discos until a meter is installed on the premises under the framework work of MAP Regulations or any other financing arrangement approved by the commission,” NERC said.

According to the order, energy consumed for the purpose of estimated billing is capped during the transitional period till the customers are metered but the actual amount payable shall vary in the event of any approved tariff reviews affecting their customer class.

“Discos shall ensure that all customers on tariff class A1 in their franchise areas are property identified and metered by April 30, 2020,” NERC said.

Devaluation is inevitable this year...

The sign are clear, the FDI knows this and have started bailing out as usual not minding dividend and low price.

But individual investors want to average down based on hope...

Well get ready, cos next earning season is 2021 a lot can happen.

Else

Mcy56:
Chai!! Peter is coming for you.
....but do you think he would have waited when Wapco went below N15? I don't think so. He must have sold already.

Sell ke...Peter can't still understand what happened today.

CashDiMkpa:
Na so e dey be once price start to fall for NSE. By Wednesday, if price trend persist, or tomorrow sef, people go begin fight for NSEMPA. Normal, normal.

This your monicker...na die

Agbalowomeri:
It appears some dollar restrictions on the horizon

CBN is working for PMB ....reserves are falling.

We always knew further devaluation looming.

WAPCO N14.80

wait for N10-N13...this is NSE no need to catch a falling knife.

Banking stocks will most likely fall further.

The real news is coming...

WAPCO coming to N10.00 and below

The dumping on Banking stock is real. Buying today is not advisable.

It can get lower.

PETERiCHY:
Trapped in WAPCO when we've gone on a succesful first TRIP and embarked on 2nd trip @N15:00k whereas our BREAK-EVEN price is N15.33lk

Well UACN will soon hit N8.00k our SWEETSPOT for a third 3rd trip.

Also waiting for FBNH to hit N4.50k for a 2nd TRIP and

ZENITHBK @#N16.00k for a 2nd trip.

For the NEWBIES in JiJO business DONT EVER test the RIVER with both feet rather split your ARMIES/JiJO CAPITAL into 9 or 10 BATTALION.

So you can COMFORTABLY sleep well at night and also be able to REINFORCE/AVERAGE DOWN when the need calls.

As for ME and my HOUSEHOLD "Long Term Investment in NSE is DEAD and BURIED with our BANKPHB shares on 5th AUG 2011.

*ThE OcToPuS*

You are quick to show us...if it gains 20k on Monday and falls to N13 you will say you have off loaded.

Keep same energy.

COMPENGRFRANK:
HELLO MY GOOD PEOPLE I WANT TO START TRADING STOCK BUT I DONT HAVE THE CAPITAL IF YOU ARE TOUCHED AND U WANT TO HELP ME THIS IS MY NO 07033091522,THE TRADITIONAL MARRIAGE I JUST DID TOOK ALL THE MONEY IN MY BANK ACCOUNT.PLS MY PEOPLE I WANT TO GO INTO STOCK INVESTMENT PLS HELP A BROTHER THANK YOU ALL.

So that you will sell it and marry another wife.

After marrying wife you want to use another mans sweat to live large!

Agbalowomeri:
Someone is offloading UACN skilfully Lol

Another is buying

You guys should continue enriching brokers...

The only stock that interest me now is UACN and offsprings!

UACN over +14M single trade @N10...reminds me of DF