₦airaland Forum

binaflexia:
You will see a lot of offers soon.
Without reasonable Qt3 result, no news can significantly push Oando

Those offers may not come today unless a new altercation breaks out at Algiers.
The pessimists' offers were rushed out in early trading and taken up.
Further offers will remain on the sideline waiting for the final outcome of Algiers meeting.
When I heard that Saudi had softened their stance towards Iran, I funded my account overnight thro laptop banking, and got in a few more units this morning at 5.04.
Debts and bad results not withstanding, oando sits on a large chunk of the nations oil reserve.

cadno:
Oando just took off like a rocket !!

Offers gone now.................you go flash teeth tire today.

cadno:
Excellent News...Oando oya move ,

U don hammer !!!

zendi:

The arrogance of Saudi Arabia.
The recalcitrance of Iran.
The suffering of Crude Oil.
The recession of Nigeria.

Sorry, Saudi, for this post, now that you have done the needful .

OBAGADAFFI:
https://www.dailyfx.com/forex/technical/home/analysis/usoil/2016/09/27/Crude-Oil-Price-Forecast-Oil-Drops-on-Signs-of-Failed-Accord-TYOIL.html

Oando hopefuls are you watching

The arrogance of Saudi Arabia.
The recalcitrance of Iran.
The suffering of Crude Oil.
The recession of Nigeria.

PETERiCHY:
The broad effects of low oil prices and production disruptions, which have resulted in a significant reduction of foreign exchange earnings, have raised concerns about some banks’ ability to honour their Eurobond obligations upon maturity.
Some of the offshore funds that were raised by the banks to expand operations and finance foreign currency infrastructure projects would mature between 2017 and 2021.
For instance, Access Bank will have to raise $350 million for its maturing Eurobond due in July 2017; Fidelity Bank’s $300 million Eurobond would be due by May 2018; Guaranty Trust Bank’s $400 million will be due in May 2018; Zenith Bank has an outstanding debt obligation of $500 million; Diamond Bank also has a $200 million Eurobond; while First Bank of Nigeria Ltd has two Eurobonds – $300 million and $400 million – maturing in 2020 and 2021.
All the Eurobonds issued by the banks with different coupon rates that must be paid annually before maturity, are also callable before maturity.


http://www.thisdaylive.com/index.php/2016/09/26/fx-scarcity-heightens-concern-over-banks-eurobond-obligations/

congrats to 'Africa's Global Bank', UBA.
its name is missing here.

OBAGADAFFI:
@ZENDI

HOPE YOU TOOK PROFITS FROM OANDO YESTERDAY

Honest, i didn't....was not smart like locodemy.
And now the picture is not looking too good.
Anyway, still hoping that Iran and Saudi can put aside their ancient sectarian rivalry to allow a last minute deal in Algeria to prop up oil price.

locodemy:
Algeria meeting on 27th in action.........

My brother, if meeting goers are not tired of meeting going...
Speculators will not be tired of speculating on the outcome.

We're making money this year.....ask team conoil.

Anybody with liver for oando should look hard now that 'long throat' profit takers are shaking it because of the 6.00 mark.
The outcome of next week's Algeria meeting could set energy stocks around the world on fire.

Again, buyer beware ooo............caveat emptor !!!

zendi:
Profit taking. Oando closed 4.76 on 02/09/16, so its trending up.
For today, some jijoists are cashing out.
This could be entry opportunity, reference my post above.

Buyer beware.

ObaGadaffi you manage see oando buy today?
I tell you say yesterday na profit taking and loading opportunity.
I mean for jijo o........nobody say make you sleep there till they settle their gbese finish.

feelamong:
http://www.premiumtimesng.com/business/business-news/210821-guinness-nigeria-records-n2-billion-loss-blames-economic-environment.html

U guys dont drink Guiness stout and Orijin anymore?

The drinking masses are guzzling cheaper brands.
Low-end competition is sqeezing guiness out of the market, simple.

sirflav:
Sir what is tarry or do you mean tally?

my brother, obviously you're a newbie here.
that poster is a PhD oo for your info, and not one to come here confusing tally with tarry.
tarry in that post simply means the vision or prophecy could DELAY b4 it comes to pass.

OBAGADAFFI:
Oga false hope is delusion .

The profits coming to CONOIL and other Oil marketers today, are majorly from Oil marketing business within the country.

Like i said earlier Oando most do something about their debt profile, before they can restore confidence .

Higher crude prices will help in this regard if a deal can be reached at the Algeria meeting.
So hope arising therefrom is not false hope.

OBAGADAFFI:
Oando closing -0.22 (4.11%)

Profit taking. Oando closed 4.76 on 02/09/16, so its trending up.
For today, some jijoists are cashing out.
This could be entry opportunity, reference my post above.

Buyer beware.

OBAGADAFFI:
One day, one day monkey go go market e nor go come back

My Brother some people just like hoping against hope

It has also been said that when there is life there is hope.
Take away hope and somebody may die b4 his miracle reaches him.

And for the sake of the Nigerian economy, there are sounds of hope coming out of the crude oil producers' camp, ahead of next week's Algeria meeting.
Even the spoiler Iran has signaled interest in an output freeze/cap/cut deal to stabilize price.

The oando bus engine is already revving in anticipation of good news.

Buyer beware.

phemmie06:
http://investadvocate.com.ng/2016/08/26/uba-says-h1-2016-pretax-profit-rise-3-1-n40-3-billion/
And what will you say about ETI?

Yes, I forgot to specifically mention the trans african bank.
Even Access is said to have strong operation in Ghana.
Imagine, just one million cedi earned translates to 100 million naira, according to 40manlappy's post above.
So some stocks offer the discerning investor platforms to play above the Nigerian economy.

Chibuking, your upsides ambitions are too ambitious.
You have swung from extreme pessimism to excessive optimism.

Mfunkynation:
NAIRA EXCHANGE RATE
vs AFRICAN COUNTRIES:
South Africa: Rand 1 = 13 Naira
Angola: 1 kwanza = 2 Naira
Botswana: 1 Pula = 18 Naira
Cape Verde: 1 Escudo = 2 Naira
Algeria: 1 Dinar = 2 Naira
Egypt: 1 Pound = 25 Naira
Eritrea: 1 Nakata = 13 Naira
Ethiopia: 1 Birr = 9 Naira
Ghana: 1 Cedi = 50 Naira
Gambia 1 Dalasi = 5 Naira
Kenya: 1 shilling = 3 Naira
Liberia: 1 Dinar = 4 Naira
Lesotho: 1 Loti = 14 Naira
Libya: 1 Dinar = 146 Naira
Morrocco: 1 Dirham = 146 Naira
Madagascar: 1 Ariary = 4 Naira
Mauritius: 1 Rupee = 6 Naira
Malawi: 1 kwacha = 11 Naira
Mozambique: 1 Metical = 4 Naira
Namibia: 1 Dollar = 12 Naira
Seychelles: 1 Rupee = 12 Naira
Sudan: 1 pound = 32 Naira
Swaziland: 1 Lilangeri = 13 Naira
Tunisia: 1 Dinar = 100 Naira
Zambia: 1 kwacha = 18 Naira
Even the worst economies of Africa now have more valuable currencies than us.
As at today $1 = N425.
8 months ago it was N200.
N1,000,000 is less than $2,300
I pray for my Country...
It is well with Nigeria

Then invest in UBA, Dangcem, Dangsugar, and other stocks operating in those african countries.
They will be reporting higher profits after currency conversions or am I wrong ?

this man funny no be small.................there is even laughter in his eyes.

has he satisfied local demand ?

http://punchng.com/plateau-begin-rice-export-2017-2/

jideflash:
don't mind them o. haba. not even one person wan port out at higher price. there is God o.

conoil had v scanty shares circulating in the first place.

robobo:
.

i cant possibly ACCUMULATE ALL THE BARGAINS IN THE SECTOR. if i can i wont be here.

only pointing out that his post could possibly move the cheese before i can shoot.

i stick with what works for me.

to each man its own.

Okay....and my own point seems to suggest the bargains are so abundant,
and daily getting even better, that you need not worry about that prey even stirring b4 you're ready.

robobo:
you are a bad somebodi. why are you letting out this zenith secret. you wan put sand for my garri abi (i still dey look for money to accumulate it). and please dont mention any other bank with same secret oooooooo. at least not until i get money to accumulate.

To maximally accumulate all the bargains abundant in the banks sector right now,
you need to start breaking the very banks one by one.

mercylicious:
Mercy kwa?
Mercy is back. but partly.

Missed u guys oooo
Was very busy with trad things.
Wedding coming soon - Oct 1.

Pastor ihediomma, wish to see u there. Bethany hall.
@ph ppl will join u guys soon. I will be needing biz DT move well there both online and offline.

More green to ur portfolio. I checked my fcmb this morning, infact, I haf died.

Well, locodemy has said it all.
Did you say PH ? Chibuking will represent me there.
I feel honoured you used my post to announce the good news.
Your marriage be blessed in Jesus' Name.

ihedioramma:
my brother dont you no that peterichy is a woman?

But there is bracket 'm' attached to his moniker.
The 'm' is for male, not madam.
So brother, pleez, just desist.
one love.

ihedioramma:
That is big eyes . and fbnh have not die . Madam Peterichy did you say (we)? (fbnh #2.01)? Why do you want to buy the stock? I think you said Nigeria is about to die? .

Ihediora, enough of that provocation.......calling a man madam.
Allow peace to reign here.

locodemy:
E....yaaaa!.......oga na people's stock you dey butcher like meat o.........your idea is not bad.....me too dey wait at a good junction.

but this fbn self........you don killed plenty people due to price crash.........i remember one landlady in lagos who sold one of her houses to buy fbn public offering at #33.00 in 2007 but died of heart attack in 2008 as a result of economic meltdown which led to stock crashes.

Sorry, that madam couldn't take it, and keeled over, but, at least, she invested in a real bank.
Many people sold houses, shut down businesses, and invested in wonder banks that, you trust, crashed.
And they still live to tell the story.
Zendi lost life savings to 'Planwell' wonder bank, serving in a Fed Govt Dept in Benin City in those days.
You see, it is just COURAGE that gives life a meaning.
And one major plank of courage is the ability to forgive your own mistakes and go on living and striving.
'Life Goes On' is one of my favourite thoughts in any situation.
In fact, I'm almost tempted to blame some dead for letting themselves go so cheaply,
seeing how people hustle for food and drink, instead of weeping, at their funerals.
May God have mercy on me.

zendi:
Stupid telling your enemy how he's hurtiing you.

When hurting you and destroying you is his mission and his success.

fxuser:
Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

Stupid telling your enemy how he's hurting you.

Willie2015:
Most of the Banking stocks will go down after the euphoria of interim dividend, it is natural as there is no news to drive prices up.
Most of them will hit their year low btwn (Sept - to 1st Week of Jan), my watch start from now;

GTB -13.80
Zenith - 9.50
Access - 3.80

So you believe whatever forces carrying GTB up now despite prevailing market apathy
will suddenly let it drop to this your ridiculous price, and remember Q3 earning season is a few weeks away.

daemperor1:
I'll surely be at the exit when the euphoria ends.

Abeg no kee me wit laff.........this market don teach everybody wisdom.
And thank God for itrading, which enables us to do the needful when we need to.

godlyguy:
Waiting for ZENITH @the usual bus/stop... This Zenith has joined the billionaires' stock list!

THE BIG SMART GUY

Which bus stop again, for Zenith? You better start loading it now.

If this GTB bubble sustains, I don't think Zenith has any choice but to start heading north soon,
to start narrowing this stubbornly widening gap between the two banks.
And if that happens, should Access not follow too?
This could even trigger some moderate bandwagon upwards correction among the banks.
All of which are partly the wishful thinking product of my speculator's imagination.

But what exactly is pushing GTB ?

daemperor1:
I think both FCMB and Diamond have reversed yesterday, but the sentiment behind the former is stronger.

Note: Though i'm in both and heavier on FCMB, this is not a buy recommendation.

They responded to the CBN's lifting of suspensions,
but when that little euphoria dies out.......................