₦airaland Forum

Please a Microfinance Bank is offering me 24% interest per annum for a fixed deposit, does anyone know any market fund that offers better than that?
Secondly, the dollar denominated investment I asked for last time highest interest rate I have seen is 3%, can anyone suggest any better offer?

GeeKudi:
Just imagine OANDO getting the nod to run any of Nigerian refineries? The noise, the protest, the cries!
Even with a refinery in a far away country, Nigerians are still insinuating corruption.

Oando should build a refinery from scratch, since investors are now having a positive view about the company they should raise money from local and foreign investors. Did you hear how many trillion that DMO returned as oversubscription for the last treasury bills auction? Why should that size of money be chasing T-BILLS instead of getting invested into our productive sectors to grow real GDP instead of this growth by GDP rebasing shit.
If Tinubu sells part of any of Nigerian refineries to his Nephew Nigerians won't take it. However, our existing refineries should be unbundled and privatized at 40/50 ratio between NNPC and foreign investors.
We can only experience true freedom from both refined products importation and price stability when we have foreign investors competing Alhaji and other local investors in that sector.

PuristForest:
oando is not done yet guys, zenith headed for 39...

You mean down to #39 for real?

Raider76:
The following is from Meta AI:

The Pointe-a-Pierre Refinery, also known as the Pierre Refinery, is located in Trinidad and Tobago. It was once the country's largest refinery, operating for over 100 years before its closure in 2018 ¹.

The refinery was initially built by Trinidad Leaseholds Ltd in 1917, with a production capacity of 75,000 barrels of oil per day. Over the years, it underwent several upgrades and expansions, including a major refurbishment that took seven years to complete and was officially opened in 2000 ².

At its peak, the refinery had a capacity of 190,000 barrels per day and was equipped to produce various petroleum products, including liquid petroleum gases, unleaded motor gasoline, and aviation gasoline ¹. However, due to significant financial losses, lack of competitiveness, and declining production, the Trinidad and Tobago government announced its closure in 2018, resulting in approximately 5,500 job losses ¹.

Since its closure, there have been efforts to sell the refinery, with the Trinidad and Tobago government negotiating with potential buyers.

My only interest here is the 5,500 jobs a third world country will export to a second world country despite having a better comparative advantage in the sector in question.
It is only when Nigerians ( both leaders and the led) start reasoning like that in all our decisions that we can have a country but for now oke n'ohia ngwere n'uzo.

yMcy56:
Iffahia! Lol
....but not long ago, the same T.gain dey make you feel like a market pro.
Na so humans be.

.....but honestly, today's market get as e be, should be getting to the peak.....
This is earning season, this type of red is not expected at this time, maybe it's human induced red who knows...

Na sarcasm level the guy dey o!

[quote author=Payunsin post=134293030]Yes o.
I count myself lucky though, I thank God.
What I made in the capital market from Tinubu perceived 2 worst policies not that much but enough for my entire life if well managed .
U have asked me before about my sector n I swear as a poultry farmer, I can't complain about the present administration.
I thank God n I count myself lucky though definitely the economy is not smiling


This reasoning is selfish, you benefitted but more Nigerians lost. The actual fact here is that so many subsistent poultry farmers had to shut down their farms because they could no longer afford the continuously rising cost of feeding and because Nigerian agric sector is more subsistent inclined, it caused a drastic reduction in the supply of chicken in the market which caused a spike in the prices.
When we analyse Tpain policies or any other government, a wholistic approach is better because it takes everybody into consideration.

Emir01:
People taking profit is not a bad thing. Some has to sell to prepare for fasting as well.

Fasting ke?
I thought stock is Haram?
Pls teach me I am only asking?

Princkez:
I saw OKITIPUPA OIL trading at #182 on NASD....is this true? hmmmm ELLAHLAKES

That's from #9 last year they listed o!
The way these oil people grow is crazy.
Although, Okitipupa oil have decades of experience in the business and that distinctly separates them from ELLAHLAKES.

Let's keep watching to see if ELLAHLAKES gets it right, if they do the outcome should be the same.

PuristForest:
Ellalakes, - that sell off is not very consistent with abc correction which is eexpected..EL may see further weakness to 1.7 regions

Did you mean to say 2.7 or 1.7 for real?
Pls kindly clarify.

mikeapollo:
Yes, true they can weigh the market down.
But I doubt beating inflation; the recent rebasing not withstanding.
The inflation being experienced is mostly cost-push inflation, which is more difficult to tame.

Being this technical will most likely put all these Tpain paid e-rats here where they belong than ranting with them at same level.
Many economists and analysts are not talking about this. We have a cost-push inflation and the economy managers are applying solutions for demand pull inflation. More like using amplicox to cure headache. The reason why a sizeable tuber of yam transported from Benue to Lagos is selling at 4,000 is not because there's too much purchasing power in the hands of the buyer at Lagos (demand pull), but rather because the farmer in Benue bought fertilizer and other agro chemicals at 200K instead of 40k he used to buy them and also the trader that bought the yam from Benue had to pay #2million for trucking to Lagos instead of the #700k he was paying before Tpain (cost push).
Now instead of the managers of the economy to think of how to reduce these costs for producers so that they will inturn reduce prices, they are rather increasing interest rates in order to mop-up excess liquidity thereby putting more pressure on the producers to whom interest rate is a cost also that must be pushed back to consumers thereby increasing inflation the more.

What's happening to PZ? I thought the management promised that even if they will delist the minority shareholders will be adequately compensated through good buy out prices. Why is everybody quickly selling?

Is it sell or hold at this point?

yMcy56:
Yes. Better days ahead.
Many left and never come back nor want to hear anything NSE again after the event.....it's unfortunate.
* I believed you're registered with a broker with live trades, and where you can trade by yourself.
* Try and follow some monikers here, so you can be getting a copy of their posts anytime they make a post.
* We have some ogas-on-top here, try and follow them for FA and TA as well....
* Visit some of their pages to learn more......Ogas like: Emmanuelewumi, WanajO, Onegentleguy, BullBearMrk, Currentprice, Aj8, RabbidOracle, and some others
* This thread is full of great information about investing and stock market, do find time to be reading thru the past pages, sieve and skip jokes, vawulence and some irrelevances. 😊
* There are investment books that can help shape your investment journey, try and lay hands on some to get yourself equipped
* You've been doing well, it can only be getting better. 😎

Thanks so much for the info, you are highly appreciated.
I am learning seriously, when I grow up I go like to be like una

Please what's your advice for PZ and soon Unity Bank. Load or watch first?

yMcy56:
Right!
But must it be monotonous to the extent of derailing this thread we all valued?
No matter how you try to call a spade a spade, person that will hear will do, and the ones that won't change will not.
Say it, move on.
At the end of the day, Mr. Market will justify everyone, either you make the right or wrong (investment) decision.
That's where Oga Emma used to have the utmost respect no matter what the differences may be.
Just saying from my own point of view anyway.

** Oga Street say: Make everybody dey your dey, make una no dey stir vawulence again....including himself. 😁

YMcy Crownprince just said that you were instrumental (among others) in guiding him to secure the bag when he was new here, I beg I am new here no w o! please come to my aid I want to secure the bag like him too. Thanks in advance.
However, I appreciate the contributions of all the FA and TA gurus here, God bless all of you and give you big bags this year in Jesus name - Amen.
If I had discovered this group earlier after events of 2008 made me give up on Nigerian stock exchange I would have done a lot better in the area of investment decisions but I believe better days are ahead.
ONE LOVE!!!

Streetinvestor2:
stanbic

Thanks for this bro, let me check them out quickly.

Please who knows any money market fund that has dollar denominated investment. In other words, that accepts investment in US dollars?
Kindly help a brother if you know any.

Abeg if we try to collect this Oando 'dividend' will the profit takers allow us to enjoy it in peace. The way the price has been moving up and down within these few days I was thinking that 'dividend' lovers will buy it up hasn't been encouraging.
In other words fake 'dividend' is really different from real dividend.

megawealth01:
The quantity of Okitipupa I bidded for has not been fully filled for over a year now although it's my brokers helping me buy in available prices

I think the scarcity is expected because according to reliable information only 115.32 million shares were listed and that perhaps should be what is largely contributing to the price rally.
Meanwhile, their financials are not bad at all, I think they made 2billion revenue in 2023 out of which 1billion was declared as PBT that's 50%, very massive.
These oil businesses are replicating same kind of result everywhere. Is there any reason to believe that Ellah Lakes will be a different case scenario.
Professionals like Oga Emma, Emmaodet, Streetinvestor, Ymcy(if I didn't spell the moniker wrongly), Locotrader etc please what's your advice concerning the future of Ellah Lakes so that we the newbies will know wether we can park our bus there before it is too late?

jp130:
How can one access this NASD?

I don't think there's any difference. It should be same process via your stock broker because it is still CSCS that handle their operations too.
In fact CSCS is also quoted there.

essentialone:
This place is for Premier League, not 2nd Division League

But some premier league level teams are there o! Like Mobil (11Plc), Access Bank, Friesland and Campina (Wamco), Nipco oil and gas and Dufil Prima Foods, etc.
For instance, Okitipupa oil Plc has done over 850% there in a space of 1yr and few months so if the insights are being shared here too many members of the group would have benefitted from the price rally.

unite4real:
the name of the forum is NIGERIAN STOCK EXCHANGE MARKET PICK ALERTS.

and Not NASD.

I supposed the difference is clear.

You can start a thread for NASD

NASD is also a NIGERIAN STOCK EXCHANGE because they are regulated by same SEC.
Except if the group is meant for NGX quoted stocks only.
I stand to be corrected though.

I am surprised nobody makes mention of stocks that are on NASD on this forum, is it largely because there are just few companies there for now?

Locotrader:
Thank you my oga.
It's in my blood to drop a winning stock but can only come out once in a while to do it henceforth.

The ingrets here want to spoil show for people but because of the good ones,we move

Please don't mind the ingrates, many of us appreciate your contributions here. Especially we the newbies, pls keep giving us insight.

Locotrader:
Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

Welcome back our Locomotive Loco, we have missed you so far.
It seems I will look for cash to add CWG and E-tranzact to my portfolio too.

Locotrader:
I always know when my stocks are bought or sold through the volume traded.I don't even need any update from the broker as regards to my transactions.Its something I see instantly on the screen

This is only possible in 3 case scenerios:
You are the only one that bought for the day and the total traded was within what you bought, you know all the people that bought and the units they bought same day Or your order was filled with a single trade.
Am I wrong?

Locotrader:
I always know when my stocks are bought or sold through the volume traded.I don't even need any update from the broker as regards to my transactions.Its something I see instantly on the screen

With the cash balance I am still seeing on my account my order was not filled. Only what I received through text was bought and I believe it was because of time not that the supply wasn't enough.

Locotrader:
You mean your order at 2.14 and 2.18 is not yet filled?

I don't believe it.
Show screenshots let's arrest the matter along

I am serious.
I couldn't screenshot because Morgan is yet to upload my today's purchases on my portfolio but judging from text messages from CSCS that I received only less than 2,500m units has been filled out of my request.
Except it was time constraint because some of the ones that got filled happened after 2pm

KarlTom:
MTNN MM doing all they can to prevent a price drop...

I am surprised o! I placed a bid at 242 and Morgan purchased the bid at 235 saving me about 1.4m.
I don't know wether it is a buying or selling signal o!

But I think we are still at the rumour stage, the news stage will happen after we see the percentage increment in tariff.

Locotrader:
Looking at it in another angle.
Today the seller has refused to bring the usual 5m offers on the table.The offers available at 2.20 is below 1m units.If this continues till the end of trade,you will not be able to buy at 2.14 today.Buyers are watching the volume on the offers table to see if they can push above 2.20.

Just pray he supplies enough units today so you can have your way at 2,14

I actually placed the order between 2.14 and 2.18.
So far some million units has been filled at between 2.15 and 2.16.
It has hasn't touched both of my limits yet.

Locotrader:
Looking at it in another angle.
Today the seller has refused to bring the usual 5m offers on the table.The offers available at 2.20 is below 1m units.If this continues till the end of trade,you will not be able to buy at 2.14 today.Buyers are watching the volume on the offers table to see if they can push above 2.20.

Just pray he supplies enough units today so you can have your way at 2,14

I actually placed it between 2.14 and 2.18

Locotrader:
Aggressive buyers are ready to bid at 2.30 but the seller will return it back to 2.20.

The stock is always available from 2.14 to 2.20.

The trouble dey for above 2.20.Are you ready for the trouble?Just bid higher and see.

The seller is okay at the present situation of the stock.

I have submitted my bid already at 2.14 since after all said and done it will still close at 2.14.

Btw, what do you think might be the objective of the seller that keeps insisting on 2.14? You can see that the volume available at 2.14 is actually higher than the others asking for above 2.14 in your screenshot?

Locotrader:
The sellers of chams has succeeded in creating fear in aggressive buyers.
No aggressive buyer at the moment.

I don buy my value stock and siddon dey look them.Them go tire and we will have our way.

Do you think I can still get it at 2.14?
I want to become the aggressive buyer you are looking for.

Please who knows if Morgan Capital can match a volume order for me gradually until they achieve the target. I mean if I send the order by email instead of picking them myself on their platform?