₦airaland Forum

People watching FO should note that its reversal may not be as sharp as people think,
being that many people may still be having the bonus shares to sell, and it's still attractively pricey.

On eterna, please, I say please does it mean nobody knows the closure date for the said corporate action,
or it has not been disclosed?

soloniger:
let me help as this one of the lessons i learnt here
it is the taking of loan of a certain number of shares from your broker and return same at a later date taking the profit/loss accrued
hope i am right

Okay. If you're right, can you quickly return the borrowed shares ANYTIME you see
the market going contrary to your expectation?
Or MUST you hold to a certain agreed period?

OBAGADAFFI:
Chai investors are vexing no be small o.

A source at Forte Oil says that the drop in the company’s share price is not unconnected to massive sell-offs of bonus shares from some of the company’s retail investors. Last year, Forte Oil offered investors a bonus of 1 new share for every 5 ordinary shares they held. In total, Forte Oil declared roughly 216 million bonus shares for the 2014 business year. The bonus shares were only issued to investors a couple of weeks ago and they have been scrabbling to sell off their bonus shares on the market to cash in. This mass sell-off has precipitated the drop in the share price.

Otedola himself may even have unwittingly triggered the sell off,
trying to dump his own 170m bonus shares, at the price peak of 300+,
in order to buy more later at cheaper price to further tighten his grip on the company.
If so, then, contrary to the suggestion from this story, he is actually making more money and not losing it,

rocasmilatos:
House, this is my first time of posting here, but i have been following everyone's post for sometime. Pls why are my not seeing any post on short selling. Forte oil drop would have been a good news for short sellers.

Welcome! Now that you've come out of the shaddows,
please explain short selling to a layperson.

Nem insurance no go kee pesin for this market..................
Posting bigger Q1 Profit than FCMB.

http://nairametrics.com/did-nem-insurance-misrepresent-its-2015-q1-results/

mercylicious:
i see opportunity! fidelity 2nd quarter result should be very very good.

Fidelity did not do what other banks are not doing. Imagine you are an MD of a bank and the petroleum minister of the ruling party that doesnt even have account in your bank invites you. trust me- you will wake up infront of her gate the next morning waiting for when she will let you in. The money was for election. This is not the first time money is being shared for election in this country. in my ward, apc shared 3500 while apga/pdp shared little money. Nobody is investigating the money shared by apc...el rufai came to anambra to share money but was locked up. amaechi shared money. now, they are saints just because apc is in power. The MD is not even the target. The major target is dieziani and jonathan.



Fidelity now has an hausa guy as an acting MD. That is expected to calm some frayed nerves. Anyway, what do i know? i am only out to make money in this market.

in another news, skye bank result is expected between today and tommorow. cheers!

Corruption is culture in the land, but when your own is foolishly documented, and the opposition comes to power, sorry.
As for APC playing saints, well, when a war is over, its the victors that write the history.

I just hope the ex MD has held on to that $26m gifted to him for the job. Imagine! $26m just for one transaction!
No wonder bank MDs leave banking to go and contest for Governorship.

Coolcash1:
Oh my Tigerbrand, I just love you. Thank you Sir, Alhaji Aliko Dangote...

Nestle, i came here expressing worry about the fall but today you have vindated my trading strategy which is; invest in defensive stock, hold on and watch your capital appreciate.

Eterna oil, I am happy i positioned myself on time and didn't listen to the prophet of doom.

Follow @coolcash1 for advance, solid and technically sound investment advice.

Coolcash when is eterna mark down? although I've not even seen where the said dividend was posted.

Cover your favourite Bank MD with The Blood o,
against the demon of Diezani transactions.

Intendy:
http://www.punchng.com/efcc-arrests-fidelity-bank-md-receiving-diezanis-115m/

though not only him there are others.eg skye,

I didn't finish reading the story. I stopped when I saw a £600,000 wrist watch seized from the ex minister.
The Gulf States Opec Princes must be green with envy.
And I heard some people in the story wondering why the MD allowed himself to be so used, when he is said to have received $26m personally for being a good boy.
Obviously we still have a lot more Dasuki-type songs to hear in this country, out of the albums of our past lootocratic dispensation.

debeey87:
I have been wondering if there is any correlatn btw rise in oil price and d profitability of downstream companies like Eterna and MRS

Both are crude oil marketers for nnpc, a.k.a crude liftlng term contract holders.
Of course not all downstream cos belong to this tight clique .

ufotty2001:
am expecting skyebank dividend to be 0.10k @ 0.95k current price than diamond bank that is already overvalue to give 0.10k @ 1.45k

Just bear in mind that Skye has been frustrated trying to raise money for long, therefore dividend, though possible, is by no means sure.

Locodemy abeg help me edit my post you quoted above, to correct my messed up spelling of debt.
Na the small Orijin wey I.......

locodemy:
And if oando finally settle its debts...........all of them go fly.......i am really getting this interesting

loco...loco ! long time no hear the noise of that your vuuuuuuuuuuuuum!
Na fuel scarcity ?

For sure oando will settle its debts. Crude oil is still the black gold.

The only problem is, will shareholders really know when the debt is paid up?
Or shall we remain in endless debt repayment while some peop's army of shell companies, courtsey of panama papers, turn oando plc into an empty shell of a company?

Loco, I'm not demarketing your oando o. I'm jijoing it too.

Raider76:
You are right. That's why I am not expecting Zenith to go beyond N12 if GTB does not break away from N16.

And they will not make any meaningful move until the fate of fbnh is decided.

Incidentally, Diamond Bank and UBA reminded me of my own birthday on 18th April.
God bless them, and us all.
BnsiTL, lets all meet at Mama Ebere Kitchen this evening.

mercylicious:
Guess what? Today is my bday.

Happy birthday !
And more successes.

mercylicious:
UBA - target price raised above N7 by analyst on Q1
http://www.easykobo.com/News.aspx?id=19389

Forget about that... na today?
Bank prices generally go together.

Godisfaithful:
Sir, this is not monkey hunting. We choose what we ought to believe. There's a very strong signal that offshore investors are taken position ahead of the local investors. One just has to trade with caution and not wait after the cup is full before one keep sharing (proverb)

Myjoy, thank you for updating us.

Godisfaithful:
According to CSL, there was a block trade (Zenith bank) of c.8.8m units at N11.32 valued at c.N100mn. Participation involved offshore investors. There were multiple cross trades (GTBank) with total of 16m units at avg. of N15.63. Participation involved offshore investors. And there was a block trade (UBA) of c.46m units at N3.24 valued at c.N149mn. Participation involved offshore investors. Best of luck!

The monkey dealers are
welcome back.
We dey !

Godisfaithful:
According to CSL, there was a block trade (Zenith bank) of c.8.8m units at N11.32 valued at c.N100mn. Participation involved offshore investors. There were multiple cross trades (GTBank) with total of 16m units at avg. of N15.63. Participation involved offshore investors. And there was a block trade (UBA) of c.46m units at N3.24 valued at c.N149mn. Participation involved offshore investors. Best of luck!

Tired of waiting for devaluation, they're sneaking back in.
This time I will be the one dumping on them.

Godisfaithful:
Sir, I guess Sir Peterichy had been dealt with by NSE in a very harsh and unprepared way. He should remember that whatever break one in life should be an opportunity for one to make a very undefeated comeback. He should not rejoice in what break him rather than look forward to the strength of his comeback! Seriously his individual personality and mode of his judgement is questionable. I wonder how he's going to be dealing with life unforeseen contingency when it arises? I'm learning so many things in this forum outside of stock market? May the good God continue to bless all our struggles and reward our trying for best!

Wether it relates to Peterichy or not, I'm inspired by the boldened line.

Courage is not in never falling, but in getting up (stronger) each time you fall.

BMZK:
Oando on full bidding!!!
Any news?

dancing to the drumbeats of doha.

PETERiCHY:
BREAKING NEWS

http://www.vanguardngr.com/2016/04/fg-plans-new-prices-fuel-scarcity-lingers/

http://www.thisdaylive.com/index.php/2016/04/06/nlc-to-declare-nationwide-strike-against-electricity-tariff-hike-fuel-scarcity/?utm_source=twitterfeed&utm_medium=facebook

http://www.vanguardngr.com/2016/04/labour-buhari-nigerian-economy-verge-total-collapse/

http://www.punchng.com/fuel-scarcity-no-respite-in-lagos-others/

https://www.nairaland.com/3032893/buhari-end-fuel-scarcity-within

http://www.punchng.com/blackout-shiroro-sapele-power-plants-shut/

Peter's dawn offensive !
We will prevail.

The bolded in this Reuters report echoes my thought on the crude oil price crisis.

The shale industry is the problem of crude oil, the main cause of the oversupply, the reason the present oil glut cannot abate like past ones, not Iran or whatever.
But shale is high cost production that is being hurt badly by the present low prices.

Shale production is right now in coma because of the low prices, and for oil to regain some kind of balance,
shale production has to die completely. Business is war, not a missionary affair.

Zendi thinks that forevermore, oil price has to remain under the shale oil break-even price,
formally said to be around $70 but now coming down due to production tech improvements.



Related: RUSSIA
Exclusive: Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze deal - sources
MOSCOW | BY VLADIMIR SOLDATKIN

Russia believes an oil price at $45-$50 per barrel is acceptable to allow the global oil market to balance, as it prepares to meet leading oil producers in Doha later this month, sources familiar with Russian plans said on Wednesday.

Leading oil producers plan to meet in Doha on April 17 to cement a preliminary deal reached between Russia, Venezuela, Qatar and Saudi Arabia in February to freeze oil output at levels reached in January, to curb a surplus on the oil market.

"Now there is discussion of how long production will be frozen and ways to monitor the agreement," one of the sources said.

"The level of $45-50 (per barrel) is acceptable from the point of view of market balance: if prices go higher shale oil production could start to recover."

A Russian Energy Ministry spokeswoman confirmed that the information provided by the sources was correct.

Oil producers such as Russia and Venezuela are highly dependent on energy revenues, with their state budgets at risk after global oil prices fell to under $40 per barrel from over $115 in June 2014.

The Doha meeting is expected to bring together major oil producers, including the ex-Soviet nations Kazakhstan and Azerbaijan, which along with Russia have seen their currencies falling sharply on weak oil.

The key question concerns Iran, which saw its oil output curtailed for years by sanctions that have been lifted this year, and wants to bring its output to pre-sanctions levels before sticking to any agreement. Tehran plans to attend the Doha meeting, Russian Energy Minister Alexander Novak said this week.

The sources who discussed Moscow's position said they believed Iran would struggle to quickly reach levels it has announced. They said Iranian growth is now coming mostly from selling oil from storage and putting easy-to-launch fields on stream.

"A freeze without Iran is being discussed. At the moment we don't see tough conditions (from others) for Iran to join," one of the sources said.

The sources added that 17 countries in total could take part in the Doha meeting. They said Russia was considering a number of options to deepen its cooperation with OPEC, but they don't include joining the organization.

PRODUCTION, NOT EXPORTS

The Russian sources said that the deal to freeze oil output is expected to speed up rebalancing of oil supply and demand by around half a year.

Russia was pumping at a 30-year high last month of 10.91 million barrels per day (bpd), even higher than its previous record in January. <O/RUS1> The sources said the agreement in Doha is set to cover production, not exports.

They said Russia would not put new projects on hold as part of the freeze deal, and may use other methods to regulate its production, including technical ones. They did not elaborate.

Last month, industry sources told Reuters that Rosneft (ROSN.MM), the world's top listed oil company by output, was floating the idea of a domestic production cut to balance the global market and as the firm faces a natural decline this year.

"A cut in production was not discussed as it is hard to implement and may lead to a sharp jump in prices, causing a new wave of output activation at more costly fields," one of the sources said.

bolabiyi:
people find it hard to read..why bother explain? He may not read this either

Dear nsempa professor of reading culture,
Consider that I learnt my reading in evening school,
And that English was never my native tongue.
Therefore let your mercy arise and your anger destool.

manie:
Please read, understand and digest my post before making comments or mentioning me, I do not own Equity Assurance stock.

A guy wanted to sell Equity Assurance on another thread, and another guy wanted to buy on from this thread.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales




https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483

Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.


The person who wanted to buy was Kaboninc and the seller was edwardaigb.

I'm sorry regarding equity assurance.......I read that upside down.
You're my man.

But we really are making money this year.

manie:
Thanks for the insight, it is not enough to keep on praying or singing " we are making money this year", we need to be informed about the fundamentals behind the stocks we are investing in and be knowledgeable about the relevant news and information about our companies.

Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

PETERiCHY:
Since the beginning of Buhari regime we've been hearing all sort of story
Abeg let me laugh this Monday afternoon

PETERiCHIIIIIII ! what made you go dig up that post this morning? (its morning here o).
That was way back when we were still waiting for the ministerial list.
You and dragonking see nothing good in this government, but it's your democratic right.
A democratic govt should not expect everybody to sing its praise.
Enjoy your laugh, but we will make money this year.

ORAGBON:
Pls can you help with step by step guide how to do a dd?

Just any Research or Investigation b4 you buy, that will make you not to blame anybody when you find your investment inside One Chance.

georgesylva:
I would really like to trade Nigerian stocks but the more I look the less I see. Damn slow, payment structure and stuff.
Are there manipulations? From some of what I read there might a possibility. Forex seems safer, but stocks should be. Hmm...
If anyone could clarify how it works I would appreciate it.

How it works is to buy sheep and sell deer....................
Or buy good, quality stocks, and wait for dividend.
Under most market conditions, there're stocks going down and others going up;
people losing money and others making it.
What we're all trying to do here-and many are succeeding-is to be in the later group most times.