₦airaland Forum

fxuser:
interesting chart developing here !

mercylicious:
Transcorp formed a doji on Thursday as seen by the tech indicators.

When u are considering the traded volumes, also consider the untraded vols.
That stock was on full bid for the most trading time on Friday.
Fingers crossed. We will watch and see how things unfold. Am not a fan of transcorp though but want to profit from the volatility. Transcorp have many oil wells already acquired. Why are the curbing out such results with all the assets already in their possession?

tunene66:
The bank had already paid interim dividend , so the final dividend will be 1.52 naira, which when taken against the market price is about 9.2%, but if you compare that of UBA 40K dividend, which when taken against the market price gives a yield of about 10.7%. So expect the price of GTB to go down and that of UBA to rise. Indeed i expect GTB price to go to b2w 15.50 and 16.00

duni04:
Oga stop confusing people. You can go short on a stock for 6 months or even more. Shorting means buying a stock in anticipation of falling price. I can borrow fbnh shares from my broker at N3.7 in anticipation of the price falling to N3.2, sell at a cheaper price after the price would have plummethed and then return the same quantity of units I borrowed to my broker with profit. And FYI I know brokers in Nigeria that give stocks to people to short and retrieve them back after the prices would have fallen.

megainvest:
Ha ha ha ha.

1. Average cost of producing oil in Nigeria is $13/bbl. It is less than $10 for majors producing from onshore fields. Ask any informed person in the oil industry. Here is some proof: http://guardian.ng/news/nigeria-ll-still-make-profit-on-oil-at-20-says-kachikwu/

2. What is important is that Nigeria's budget benchmark is $38. As long as oil is above $38, Nigeria will keep rising! Some more proof: https://www.thecable.ng/hurray-oil-prices-beat-budget-benchmark

My money is growing like grass.

carpenter:
It will not be a wise decision as the cost of the loan will out weigh the profits you get.

hypothetically, I think you won't get the loan of 1m (if you want less, yes) because you would be owing the bank more than 1m and if you default, they may get all their principal back but not the interest. Still not a good move

carpenter:
It will not be a wise decision as the cost of the loan will out weigh the profits you get.

hypothetically, I think you won't get the loan of 1m (if you want less, yes) because you would be owing the bank more than 1m and if you default, they may get all their principal back but not the interest. Still not a good move

Thanks a lot @ carpenter...I hope to plug the loan into agro business; fish farming and plantation plantation & vegetatables from which I am projecting @ least 70% profit in 12months...But the real question is; do banks accept mutual funds as collateral for loans

megainvest:
April 11

http://www.nse.com.ng/Issuers-section/corporate-disclosures/corporate-actions/closure-of-register

ogoo4real:
Morgancapital platform is not working nah. Which platform re u using.