₦airaland Forum

As it is written :
Many bulls have compassed me;
strong bulls.... (led by fbnh) - Ps 22:12.
In early trading at least.

MiCarino:
Well, mainly because since the bears started ravaging, even when other stocks try to stay strong, Uba and Oando somehow always seem to falter.

Both are doing Rights Issue. The present trend is that stocks must trade below their Rights price until the exercise is over. Watch access too. Mr Market has vowed to make all Rights Issues fail until further notice. When you reduce offer price to woe investors as in oando and uba, mr market will downprice the stock correspondingly. It is the collective behaviour or psychology of us market players trying to outwit each other that creates this unseen entity we call mr market. Oando and uba will come out of that phase of their troubles when their rights issues are confirmed over.

Market closed positive today. A mini bull?

immanuello:
wow,its so serious!
got nem@51kobo today but by tomorrow i must get it by 50kobo.Next is aiico at perhaps@55kobo b4 March 12.
Very soon,gtb maybe #13,zenith@9,at this point i hope to c custodian hit to #1.60 b4 March 12.

You must be buying for your state govt.

immanuello:
wow,its so serious!
got nem@51kobo today but by tomorrow i must get it by 50kobo.Next is aiico at perhaps@55kobo b4 March 12.
Very soon,gtb maybe #13,zenith@9,at this point i hope to c custodian hit to #1.60 b4 March 12.

Therefore buying nem is like buying iron, when gold is becoming heaped on the floor.

Born2berich:
What if they postpone the elections again, what do you think will happen to the market?

Mr Market will drop his fear of election armageddon (real or imagined), and move on with what remains of his life.

zendi:
l used to see these your grave robber's price junctions as hopelessly unrealistic, but not now, with this disastrous long postponement. By the look of things, i refuse to even utter how low i believe prices can drop unless there is market intervention.

however, there could be a sweet surprise, and the market pulls out of it at some point,

immanuello:
what might be the behavioral pattern of our bourse tomorrow, most importantly on stocks like gtb which dipped to newest low #16.69 b4 closing at #17 on Friday.
Also,can we c nem at 51kobo and aiico @ 67kobo b4 d new week runs out.
My eagle eye is on:transcorp@1.85,sterling@2. 09,oando @11.50 if perhaps i could be fortunate.

l used to see these your grave robber's price junctions as hopelessly unrealistic, but not now, with this disastrous long postponement. By the look of things, i refuse to even utter how low i believe prices can drop unless there is market intervention.

ihedioramma:
Thank's for asking, i day o my broker no day try at all but this time stock way i tell him to buy for over five days he never buy what makes me happy now is that more good stocks are down but no big capital.

Smile, brother, your broker loves you. He or she is a caring person, trying to protect you from a falling market, and from your impulsive buying. But buying/selling decisions na your own o.

Kagame:
Where are oil futures really headed?

Brent at $61.52 and still bullish.

A big relief it's no longer crashing to $30-$20 as feared. But it should not be allowed to get above $70 to not revive the shale industry which is right now on life-support.

jarkbauer:
the guy above me will enter Transasia airline or Malaysian airline

Why? Did he cause the bear? Or mismanage your portfolio for you? You did that by yourself.

olire:
lol eleyii gidi gan

meaning what, ore mi?

zendi:
Their production technology is expensive and market prices have now crashed below what it costs them to produce a barrel. As against the conventional producers that can still scrape profits at present or even lower prices.

We OPEC want them to leave the market for the likes of Oando and Seplat, hence we are crashing price below their production cost. Business is war, not a missionary affair.

olire:
How does the reduction in oil price affect shale producers

Their production technology is expensive and market prices have now crashed below what it costs them to produce a barrel. As against the conventional producers that can still scrape profits at present or even lower prices.

janykute:
I will suggest you just keep quiet with all these your rubbish.
Your write ups are becoming very very annoying.

If we should describe his posts as bolded, I wonder what to call this your own, brazen intolerance?. Remember he is not the cause of the bear. And if anybody's write up is annoying (to you), why not ignore it and pass to the next, or even better, post your own opinion. This forum shall not be governed by one person's emotional swings. I just beg us to allow all opinions here. I am sure nobody is going out of the way to wilfully mislead. But always bearing in mind that, regarding your investment decisions, you are on your own.

Agbalowomeri:
Una go shock self say na the month of Match real bear go start

And what will be remaining of the market by then, at this rate of meltdown, for the match bear to work on? My own speculation is that the king of bulls might appear in march. Three forces coincided to bring the market to it's knees. (1) Christmas sell down (2) Crude Oil Price Crashing and (3) Election "Fever". By the end of Feb, nos. 1 and 3 would have been over. Actually it's the Feb 14th Presidential poll that matters. Regarding no. 2, going by the present trend of crude oil price rout, by march the international oil market would be flooded with NEWS of Shale oil producers shutting down one after the other UNLESS the US Govt comes up with some kind of bailout for them. Even now it has started, but in the financial markets short term price movements, it is the news that matters more than the events. US Shale Production is the cause of oil oversupply/glut, and the news of it's demise will trigger the rebound of oil price. My estimation is that the conclusion of our election in Feb may coincide with the beginning of this crude price recovery (late feb/early march), unleashing a monstrous bull in our market. But the big question is what will remain of the market by then. At the present rate of decline where would most prices be, at the car park? I foresee the application circuit brakers at some point. In that case banks should be asked to withhold their results/corporate actions to help relaunch and prop up the market after the removal of the brakers. Please note that I don't like circuit brakers because it conveys the idea of a manipulated market.

kotlass:
Welcome the new kid on the block.......TRANSCORP HOTEL Plc (Ticker: TRANSCOHOT). N10.00 only

They should rename that thing TRANSHOT. More concise. Somebody help pass the suggestion.

If you ask me, these stocks are now all tired of falling. Today's losses are all so negligible. Just that election fever and plunging crude oil are two monster headwinds too unnerving.

walcolm:
You don't have to sell to lafarge...you can sell on the floor of the exchange or wait for when ashaka will be wound down and your 50k per share will be mailed to you by the registrar

Investing in ashaka has even turned to a wanton exposure to Boko Haram. The jihadists have stormed in and out of the factory at will of recent to take Hilux vehicles and other things they wanted.

ihedioramma:
Amen. may we remember to keep the LORD'S laws and follow his teachings this christmas.

Jah Bless !

OBSERVATION :
Oil nosedives,
Naira depreciates,
Forex reserve plummets,
Scary outlook.

MEDITATION:
Fear thou not.
My soul be strong.
IT IS WELL.
Time to make money.

Krisuba:
FRAUD in high places. NSE is scam. I wonder y people still buy shares.abeg them like make them put fire inside the market.

But, Chris, you wicked o. Abi no be you be the Anambra Godfather/Warlord+ wey carry Gov Ngige stark naked go swear for Okija shrine make him dey loyal to you? Which schemes and stratagems you dey nowadays?

Dexterax:
There's something called Creative Accounting. I'm not sure exactly what it means but I'm sure it has something to do with playing games with numbers.

Even, Account Doctoring, Book Cooking and, generally, Voodoo Accounting. I too have no idea of their exact meanings, or who is doing what.

There is a semblance of Divine alchemy going on in the Nigerian Financial Sector.
Isaiah 60:17= For brass I will bring gold, and for iron I will bring silver; and for wood brass, and for stone iron..Simply put, I will replace your wood with gold, and your stone with silver OR I will turn your wood to gold, and your stone to silver.
Now please come back to Earth, and to the Nigerian Financial Sector. A moribund Insurance Co buys a Junk Bank. The Junk Bank is transformed into a Regional Bank, and Regional Bank now buys a National Bank, albeit rescued.
My thought is that even if this insurance co, the regional bank, or both are fronting for a ghost investor somewhere in the shadows, and most probably in high places, there is no way the whole involvement will not rub off positively on the quoted insurance co which mr market had for long benched in the car park.

Elai147: How you take dey know 'successful looking' person?

Like that BITL, or Dude wey dey inside the mirror.

bigass: dragonking: tall fine light[b] pot belly but villager looking[/b]

If you were not out to pull the leg of the dragon, then remove the bolded and sbstitute fit and outgoing, by my own imaging.
Btw the easiest person to picture here is bigass herself. All a cartoonist needs is a marker pointed on paper and a quick glance at your moniker. The part to balloon out is quite clear.

bigass: i don't know if this happens to any other person here. I tend to visualize the physical appearance of forumites.

Mercy :Tall light bursty tones but not bleaching

4dchairman:dark muscular hairy

Myjoy08:light chubby buttie tushh fineboy

Dexter: short big muscular and hairy.

Ewumi: Old bald slim ugly and wicked looking


more later

Hilarious...but wrong on Ewumi. He is not that old. More like middle aged. I have a dim memory of his photo I saw in the papers a while back. Black, burly and successful looking. Mind you Emmanuel Ewumi, I think, is his real name. A known motivational speaker in investment seminars and the like. It was a half picture so no idea wether tall or shot. As for wicked looking, far be it from Emma. You get "busy body" imagination.

Dragonking: Mention 10 of her posts that has enriched your life?..I will be waiting

Bro, I said bigass' posts had enriched thread, and you are demanding I should testify to how her posts had enriched my life. Well, my life was super rich before even the internet was invented. And in case you have become my Bro Pastor Dude, I have not learnt to give testimonies under duress.
Sis Bigass is anything but a perfect being. She can be abrasive, and prone to poking hard jibes at people. But somebody like me will only see the veiled humour in such "attacks" and chose to laugh it off ( "you wan kee mee with laff " is a good one from Dexterax ) rather than flying off to anger and demanding for apologies in an anonimous forum as some do. I am not also comfortable with her body-centric moniker. But all these aside, I have benefited from her sharp and marketwise insights on stocks, antics of broking firms and the general ways of mr Market.
On the matter of your philanderous posts, on further reflection, I have become a bit remorseful bicos it may be the case that you really are a determined bachelor looking to link up with one of our single sisters here for something serious, in which case accept my apology. If it ends well, that too will enrich the thread. Sorry to have kept you waiting. Reason is that I post only at day times.

Dragonking: My love and heart now belongs to azytech.

Methinks this thread has actually been better enriched by bigass' posts than by your flirtations with female monikers.

Speculation tough o. So many unknowns, hence the dire need for insider info. On eterna for intance, has eterna really joined the elite clique of crude oil lifters as reported? The current NNPC Crude Lifting Term Contracts took effect from 1st June 2014. So, has eterna indeed been lifting 30,000 bpd crude since 1st June? That is one full month of crude oil marketing in Q2. So, what might be the impact, if so, on eterna's expected Q2 result? I have taken position in eterna based on these conjectures. However, I have no share in anybody's loot, and therefore no share in the blame for any burnt fingers, God forbid.

natruetalk: to buy oando no be problem now. have we factor the possibility of future share reconstruction

You no worry about transcorp wey get 40b shares, e come be oando with tasere 8b. You no see dangcem with 17b shares de do fine. When we get near the bridge we go begin talk of how to cross am. Most of us na chronic speculators. We somersault with the market as situation warrants.

Btw, if they're sharp, and announce cop deal asap, they'll do the rights issue at a much higher price, occasioning minimal dilution.

4dchairman: What happened? Is the result below expectation? Can't just understand.

The result met the exact expectation, which had long been priced in, but did not surpass it. So, no new surprise to scramble for, at least to traders. It had set the bar high for it's self in Q1 and has not created any new surprise with this Q2, although superb.