akinola98:
Hello People

Is it time to sell off acquired FGN bond ?? Since the FGN claims they are broke so we do not start hearing stories about unpaid coupons

What is your opinion on this pls Thanks

Lol. That's the inherent risk in bonds, also the sky high inflation rates is another. Decision to buy or sell is yours alone to make. Nigeria has not defaulted and is not currently considered high risk for default ( she is definitely high risk for investment though at this time). My question to u is if u decided to sell your bonds now, are u going to save the money in the bank (18 percent inflation rates)? Or do you have another vehicle that guarantees capital preservation at this time?

emmasoft:


Yes. It was listed last Friday 1st April 2022

Oh okay. Thanks man

emmasoft:
[b]

NPF MICROFINANCE BANK PLC

Proposed Dividend: 0.00
Proposed Bonus: 1 FOR 9
Qualification Date: 5/27/2022
AGM Date:
Payment Date:
Closure of Register Date: 5/30/2022

NPF MICROFINANCE BANK

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 5/6/2022
AGM Date: 5/26/2022

PLS has NPF shares from last year issue being listed?

otokx:


No it has not, they said waiting for some approval, it is taking too long.

Okay. Thanks so much for your response.

Please any update on the public offer/rights issue of NPF earlier in the year? Has it been listed?

[b][/b]

DaBillionnaire:
Where is MannaBbQ, Slawormir, Enupandan and Righteousness89




Food don land

IYGEAL:


The ones that were not filled won't be sold. It's that simple. You'd see the money equivalent of the filled ones in your trading account after reconciliation at the close of market.

okay. Tnx a bunch. I appreciate your response.

Quick one please,....what happens when one cancels a partially filled sell order

talk2me2:
The stock suppose to taste between 4 & 5 before the unbundling.

Would you mind to provide a logical explanation why?....

A quick look at the market today, the slow down in the market does not quite seem like a proper bear, more like a pull back. observe very low volumes of trend throughout the current periods. The market needed to create a support after relative bullish periods. the current levels of the market is however quite significant. If index goes lower than present levels, it will begin a downtrend. the more likely situation however, is a ranging market or a very gradual bullish return like @bbm mentioned in his video 2 days ago.
the index should however be watched for a clear break in current support levels, that may be a signal to clear bearish reversal.

Mcy56:

Thanks dear. May God honour you too by His mercies.
You're well aware that this issue had generated lots of controversies in the past and allowing him to post links was just a way to rest the matter.
Let's allow it be like that so we can focus on the theme of the thread. Nagode.

Pls madam, we cannot allow it. Even though we shouldn't allow him derail out thread through his false and fraudulent claims. We must continue to point out to him that what he is doing is a sin before God and man. Should we, because he is a fanatic, permit him to continue to pour hatred and falsehood into other people?.... Now, you allowed him and he has obviously grown into a God deciding who is holy and who is a sinner, who is a Christian and who is not.... Isn't there a formal channel to actually report him on nairaland?
He peddles lies, condemns people at will, disobeys rules, breaks order and has now delved full on into hate speech against the very people who brought that Christianity to him.
If this should be allowed, then in all honesty and fairness, no post on this thread should ever be called out again, including the guys that aim to defraud others because they aren't a lot of differences btw him and those guys!

RabbiDoracle:


So if you are to place your money based on your analysis, where do you place it?

Buy with the possibility of it going to 16.98 and higher? Or not buy with the possibility of it falling below 13.48?

That is why when you are in the market with cash, you must think while standing. And you must think fast!

Well, based on my analysis, the current recommendation will be a hold rather than a buy.
Definitely not a sell
In any case, stop loss at 13.48
NB: strictly for academic purposes

RabbiDoracle:


I saw bank stocks drinking Redbull

And Redbull gives wings.

Lol, well the oracle has spoken.

RabbiDoracle:




I'm thinking that once it breaks 16.90 (stays comfortably at N17), it starts to fly from there. Worst case it stays there (at 17)and consolidates but won't fall lower anymore.

I expect 17 and above this week amigo.

GTB close to 26

UBA 7.10

NSE ASI 24K

Boss, Could you explain why it should fly at 17?
My impressions from the chart is a consolidation or a very gradual uptrend as there are multitudes of strong resistances from 17 to 21.
Moreover this is Zenith we are talking about. Flying no Dey him spirit.
Any technical explanation for your expectation? Would love to know
Tnx boss

RabbiDoracle:




I'm thinking that once it breaks 16.90 (stays comfortably at N17), it starts to fly from there. Worst case it stays there (at 17)and consolidates but won't fall lower anymore.

I expect 17 and above this week amigo.

GTB close to 26

UBA 7.10

NSE ASI 24K

I am just trying to learn TA having followed @bbm and @fxuser on this forum for a year now. I just looked at zenith charts and my impressions;
After a serious gap down in March, it had since formed a strong support at 10.64. From April, however, it has been on an uptrend. This differs from the general downtrend @meshpips showed. The current most likely support, should it fall again, is at 13.48 and 12.62 respectively.
The current uptrend should it continue, should reach a decision point at 16.98 (I suppose that's why @oracle expects price to reach 17.
Now from here, the possibilities are to break the resistance, which if it does, it's likely to have a consolidation around there, with a gradual continuation pattern for the uptrend. The other possibility is 16.98 forms a new resistance, and it reverts to support at 13.48.
What do you think? @meshpips, @oracle, @bbm, @fxuser
NB...strictly for academic purposes

ernie4life:


I have replied, Check your email

Thanks boss. On it rt away

ernie4life:


send me a pm

Not sure I know how to but I have tried to

ernie4life:


Contact your broker or you can send me a pm

Hi,@ernie4life
Hope you are doing great? Please which investment firms do you know that can accept to buy eurobonds for 10k dollars.... I believe you have mentioned in the past you have such info.
Thnks a lot for anticipated response

Anyone aware of any bank or financial institution that can help purchase fgn/corporate bonds at minimum investment of say a million? (besides fgn savings bonds of course)

Hi,@ernie4life
Hope you are doing great? Please which investment firms do you know that can accept to buy eurobonds for 10k dollars.... I believe you have mentioned in the past you have such info.
Thnks a lot for anticipated response

This union bank bond. What was the minimum amount that can be invested. 5 mil?

mukina2:
Ok Guys the new FPL season > http://fantasy.premierleague.com/



Couldn't save last season standings so we will only have the main league and
Fa Cup
Carling
Conference

first come first serve, active players only as i cant remember positions.


[s]all those who wanted to create their own wont be given codes[/s]


last season > https://www.nairaland.com/4607298/nairaland-fantasy-premier-league-2018

Pls send me the codes... League and H2H
tee uch
tachukwu@yahoo.com
Thanks. A very active player. 3rd season on fpl now

ernie4life:



Its also a way of differentiating savings bonds from it

for me, the fgsb is not useful. The 2 and 3 yr tenure makes no sense for bonds that are in the first place designed to be long term vehicles. I could as well go for treasury-bills with roll over. I even hate the quarterly payouts more. Interests become so watered down, they seem quite negligible and disposable. I think we should be allowed to choose what we want regardless of our purchasing power. Isn't that the idea of a free market?

ernie4life:
There will be an auction tomorrow

5 years - 12.75%
10 years - 14.55%
30 years - 14.80%

This 50m benchmark is so unfortunate. It completely deprives we the masses an opportunity

unite4real:


Got my letter today. How about urs.

Not yet bro. I bought through my stockbroker. I will call tomorrow

unite4real:


Halve u gotten it's yet? Me am still hopeful

No. Net yet. Still watching and waiting

Anybody got a proof or notification of investment yet?

oludy:


I read today a total of N100b has been handed over to the Works Minister. That means allotment must have been concluded, yet to notice yet. And what happens to the N32b excess?

There is little information out there about this particular bond. It wasn't the situation with the last sukuk bf this. A proof was in within a week
Some info though....
https://www.dmo.gov.ng/news-and-events/dmo-in-the-news/opening-remarks-by-the-hmf-at-the-ceremony-for-the-presentation-of-symbolic-cheque-of-n100bn-sovereign-sukuk-proceeds-to-the-fmp-w-h

unite4real:
Let's keep this thread updated from time to time as it appears only a few of us investment in this security, SUKUK. @wuwu2 , @oludy

No probs boss

oludy:


Agreed. Let's wait patiently. I had contacted Lotus Capital who did the transaction on my behalf and they equally mentioned we should see updates going into the second week in Jan 2019.

Ok great. Tnx for the info

unite4real:


I did but I have not gotten any information yet.

Do u have updates

No I don't and its a bit unusual thats why I am asking. The transaction ought to have rounded up by 28 december as contained in the offer curcular. Even on the DMO website, I saw no info as to the outcome

Please anybody here who invested in the recent fgn sukuk bonds? Have you gotten any evidence of investment?