₦airaland Forum

If you bought transcorp under 1.00, I suggest you laminate the contract note and hang on your wall.
You will derive pleasure admiring it for years to come.

locodemy:
pls let someone post for us the latest price of crude oil.

no matter what is happening to crude oil right now,
our market was oversold and needed some upward correction.

I suggested yesterday that oil would tumble this morn.
So those who wish to follow the moment by moment flip flops of oil had better stay out of the market.
However, I'm expecting market to go up today.
I believe our market has already priced in the absence of oil boom.

megainvest:
I have a question.

Where has all the Iranian oil been going to? Yes they were sanctioned from the global market but does it mean their oil was not going anywhere? Ever heard of the black market?

The big oil producing companies and major oil importing nations left them because of sanctions.

zendi:
I think market improved because it became oversold. Precious stocks became too cheap. I saw early sign of it yesterday when elephant's glut dried up. Plus global stocks were upbeat today on positive China news.
God forbid that our market should look to the daily gyrations of oil, the most fickle commodity traded, for directions.

Because by that reasoning we'll be expecting the market to tumble tomorrow morning with oil.

PETERiCHY:
Remember few months ago I promised you i will get it at N3:50k.

For the confused ones that don't know how the market works.

Oil price rose about 5% midway into trading thats what actually changed the market direction today.

Atleast after the deal was done its evident that i was still able to post the NEWS before close of trade.

I think market improved because it became oversold. Precious stocks became too cheap. I saw early sign of it yesterday when elephant's glut dried up. Plus global stocks were upbeat today on positive China news.
God forbid that our market should look to the daily gyrations of oil, the most fickle commodity traded, for directions.

24 gainers today, as against, was it 3, yesterday. Not bad.

PETERiCHY:
http://mobile.reuters.com/article/idUSKCN0UX02J

Oil prices rose more than 5 percent on Tuesday as investors viewed bullish Chinese oil demand data as a buying trigger, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this year.

Brent crude futures, the global benchmark, posted their strongest daily gains in four months, trading up $1.55, or 5.4 percent, at $30.10 a barrel by 1149 GMT.

U.S. crude futures were up 66 cents at $30.08 a barrel, reverting to a discount to Brent prices.

Good one, Peter. Do bring this type sometimes.

Godisfaithful:
I assume our one and only sir Peterichy has not come across this news you posted sir

He doesn't post that type.

The BP of bleeding Mr Market looks better today than yesterday.
But no noise o yet, make we no wake the attacking sellers.
If you like just flash your white teeth at the market for speedy recovery.

Godisfaithful:
UNITY BANK: RELOCATION OF CORPORATE HEADQUARTERS


http://www.nse.com.ng/Financial_NewsDocs/11869_UNITY_BANK_CORP_HQ_RELOCATION_CORPORATE_ACTIONS_JANUARY_2016.pdf

Helps make it look less like an Arewa bank.

All mopped up now, but dont clap for the elephant yet...........
lest new suppliers shouldst emerge from the shaddows.

BnsiTL in fcmb, It Is Well O !

bigjay01:
We have all read how the N120b was not paid

In fact paid with mainstreet's money from amcon, which was smart of skye if true.

Manonamission:
You need to consider the value chain in the electricity business to understand the problem bedeviling that industry. Transcorp pays for the gas feed stock it uses to power its turbines in USD. There is an intermediary between Gencos and Discos for bills settlement. A lot of delays are encountered before Gencos receive payment for electricity generated. Gencos are owed billions of naira as at today. Hence, the need to resort to debt for opex and capex. Also note that machinery costs are dollar denominated so Gencos suffer the same problem manufacturing companies are currently groaning under. The Discos are suffering losses because of inefficient revenue collection from end users. They are also owed billions by govt agencies. The industry is highly regulated.

Even though Transcorp hotels plc is listed seperated, its result is incorporated in the Transcorp plc result. Believe me, any luxury hotel in Naija that is not running at a loss should probably have its finance director fired now. The guy no sabi book be that. Lol. Luxury hotels import almost everything. The CBN is not the source of their forex following the import prohibition list.

I wouldn't be surprised if a share reconstruction is in the offing too. The board might want to restructure capital to make the stock attractive to investors. Remember the board announced a merger of TUPL and UP plc all in a bid to create value. So restructuring is an agenda of the board BUT it might not involve a share reconstruction. Just saying it is a possibility.

Teragro should be the bride in the group now but it's still at its infancy. The deal with Cocacola to supply concentrates for the 5-Alive pulpy orange is a huge positive. Going forward, Teragro contribution to the group's top line and bottom line should improve.

Transcorp is still a good buy for the long term, as many other stocks are today. So I am just saying there are still hurdles to cross for transcorp because issue raised are still a source of concern. The business is good same way banking, oil n gas, services are. Na condition make crayfish bend.

This type of informed analysis is needed often here. You've
really strpped, disected and reassembled transcorp and their headaches.
Nevertheless, at present price............ !
Chai!! you no even bother to mention their undeveloped oil well(s).
crude oil don become worthless commodity! double chai!!!

Mfunkynation:
thanks boss, pls am kinda dnt understan d bold statement... kindly put it to me in a simple xplanation. Thankz..God bless

I'm sorry, that 'dip' should've been spelt 'deep', by which I mean to buy when the price has taken a significant dive from its last resistance (high point).
Then by the other part I mean that the market bear makes nonsense of all fundamentals, at least in the short term.

Mfunkynation:
@Zendi,Godisfaithful, LOcodemy n others....... pls how do see ucap, eterna afriprud.. kindly need yur 1derful advices... Thankz

You cant go wrong in any of these three. Many eyes are on them because of high expectation of dividend, yes, from even eterna. Try to enter at their dips, but note that general market bearishness overrules all other forces.

I wonder why anybody who calls himself an investor would still be waiting to start sinking money in transcorp at present price levels.
Is it for the fear, that electricity could suddenly go out of style just because your money has gone into its stock?
Even if our petrodollar revenue should dry up completely, people will still be needing and using and paying for electricity.
However, if you are an acute short termite, perhaps gambling with school fees, or madam's meeting money,
having gotten all of your JIJO funds trapped in unlucky JIs, then this thought does not apply o.
Transcorp can still go down another 20-30 percent o.

angelo82:
Wrong,they have suspended their capital raising until market condition improves.

Which leaves them cash strapped.
So dont base any decision on the eps you're seeing, because they will need every kobo in their hand.

Godisfaithful:
All this too shall pass. Don't let the temporary challenges of life take away your biggest goal or idea. Your are not far from getting to your destination. Remember, there's always a rainbow after the rain. Invest in your biggest idea and this will pave way for you as you travel through the journey of life. Have a blessed weekend!

Toyrem:
Wao, Devil that sound like ANGEL.

Toyrem, when you have time, pls tell me exactly what this brother has done to you.

Another horror is that Fbnh, with all its Nigerian and African branches, may indeed dip below N3/unit (and it tends to drag the whole market down with it), b4 it finally bottoms out.

manie:
Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

i know say your eye dey for this bolded one, to collect the whole thing put for your pocket.
Impossible is nothing! Its a small thing to some people, like me and Aliko.

manie:
Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

Manie, do you know if Skye Bank has been able to raise the N30b they're looking for?
They will need to create 30b or more new shares to raise that money in present market condition, and where will that leave the present shareholders?
That is the main reason skye is sinking towards unitybank in the car park area, on top of the general down market

9free:
Chai.......... I think it's high time we up North starts hoarding our Crops, Vegetables and Livestocks.
Just as the Niger Deltans and Easterners were shouting OUR OYEL. We must start shouting OUR FOODS.

zendi:
i no hear noise about resource control again now wey ragolis water, sorry pure water wan cost more than the oyel.
man fit even come up north come join una dig zinc and other stones for Jos area.

But O, Gboko Haram!

carpenter:
Circuit Breakers exist in most or all advanced countires also...where do you think Nigeria got it from? Whether it is effective is another thing entirely.

I would think if everything is going down, and you stop it...you may be lucky that sentiments have changed by the time you resume as against allowing it to continue going down with no end in sight.

modified*** http://www.sec.gov/investor/alerts/circuitbreakersbulletin.htm

Okay, the info is noted. Like you said, its all from the west.
I just pray we rarely have to resort to it.

9free:
Chai.......... I think it's high time we up North starts hoarding our Crops, Vegetables and Livestocks.
Just as the Niger Deltans and Easterners were shouting OUR OYEL. We must start shouting OUR FOODS.

i no hear noise about resource control again now wey ragolis water, sorry pure water wan cost more than the oyel.
man fit even come up north come join una dig zinc and other stones for Jos area.

chillykelly86:
Copied:-

In Zimbabwe, a man appeared and announced to the villagers that he would buy monkeys for $20.00 each. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $20.00, and as supply started to diminish, the villagers reduced their effort.
He further announced that he would now buy at $30.00. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $40.00 each and the supply of monkeys became so little that it took so much effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $100.00! However, since he had to go to Jo'burg on some business, his assistant would now buy on his behalf. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in this big cage that the man has collected. I will sell them to you at $80, and when the man returns from the city, you can sell them to him for $100.00 each." The villagers came together with all their savings and bought all the monkeys.
Then they never saw the man or his assistant, only monkeys everywhere!

You have just been given a free lecture on how the stock market works!!!

and why did they choose an African country for the setting of this monkey scamming fable? must anything about monkeys be associated with Africa? is it only in Africa that monkeys are found? mgbo piapu ha isi !!!

angelo82:
Do you mean the rule is bad for the market or what?

It leads to more panicky dumping when the breaker is removed, because it sends the message that things have become terribly bad with the market. Remember, people are hyper nervous and trigger happy over their money.
Also it conveys the idea of artificially manipulated market. Do you go to Balogun, Alaba or Onitsha mkts and set off alarm for trading to stop because prices have gotten too low?
People want to trade in as natural a market as possible. So let prices find their level, whatever level.
It may get real scary but ultimately will engender supreme confidence in the market.
I dont remember hearing of circuit breaking in the advanced markets of the western world.

Here is the last straw, the final blow on Nigeria's oil economy.
Oil may now drop to $20, and Nigeria's oil costs $20/barrel to produce.

http://www.reuters.com/article/us-iran-oil-exports-idUSKCN0UT098