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  • Cadjpy Post #289341
    Posted at: 1:41 pm, 23rd Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    Upward movement is expected to continue on this pair. The wave 4 retracement has been completed and halted at 86.04 and more importantly the pair has move back upwards and close above the 38.2 fibo region on 4h and daily.

    we would now shift our sight towards the 87.45 region where the asset has been encountering some minor resistances before we take our sight upwards.


  • Market Update:Sugar Post #289340
    Posted at: 10:35 am, 23rd Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    This asset seem to have completed the long downward move withnessed by the head and shoulder formation in order to correct the upward 5 wave movement upwards withnessed earlier.

    We would now be looking to buy into this commodity. we would be expeting the price of this asset to move upward to the 15.39 point so as to validate the retracement competion and the uptrend resumption for the intermediate wave 3.

    We would consider this position valid as long as the 12.48(in Red) price point is respected.


  • Greetings. Post #289334
    Posted at: 12:08 pm, 21st Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    Hi everyone,

    How was the weekend,hope it was splendid?Do have a beautiful week ahead,stay cool.

    From everyone @ astute financials we say have a great week.


  • Market Update: Copper Post #289330
    Posted at: 10:36 am, 16th Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    With the 5th wave completed on the weekly timeframe for this metal, a serious sell opportunity is brewing. We would now be shifting our focus towards the downside for the price retracement. We will, however, wait for the close of the week trading on this asset to verify our analytical position on the metal.

    Get comprehensive analytical perspective from professionals to complement your views regarding the financial market by subscribing to our market analysis service at Astute Financials and become an advantage trader


  • Re: The Right Time To Trade! Post #289328
    Posted at: 11:20 am, 15th Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    The candle formation at the end of last weeks trading on the EXY gives more credence and reliability on our previous position on EUR.
    We will be looking forward to more downward trend towards the wave 4 correction as earlier stated as long as 1.1920 point remains valid.
    Happy trading week
    .............................................................................................
    Get more comprehensive insight regarding the financial market by subscribing to our Comprehensive market analysis. call/whatsapp 07051013333


  • The Right Time To Trade! Post #289325
    Posted at: 11:09 am, 14th Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    The right time to trade!


    When we observe the trend of trades, we see that timing is of essence to the success of a trade. Many traders have faced major losses in a trade due wrong timing. They have traded currency pairs at times when the price charts are against them.


    Study the Markets
    It is a fact that not all hours of the day are suitable for trading. When the market is most active and when there is least fluctuation in the market, it is the safest to open a trade. When more than one market is open, then there is greater fluctuation in price movements. It can be more than 70 pips north. However, when only one market is open, the price gets locked into a static zone with a change of around the 30 pip range. Moreover, you need to study the New York Stock exchange (NYSE) because the US dollar is involved in 90 percent of all trades and it is the biggest trading platform in the world. You also need to have an in depth knowledge of the market you are going to trade in before making a trade or you’re just handing your fate to luck and that isn’t what experienced traders do.


    Overlap timing
    When the markets overlap then there is an equal chance of greater risks and profits. As mentioned earlier the markets move significantly when more than one market is open. The biggest overlap in the US/ London markets occurs from 8 am to noon and as we know that the dollar and euro are the hottest currencies to trade and this is the optimal time when the volatility is really touching the roofs , this would be the time to start a trade. The 2am to 4am time in the Sydney and Tokyo market overlap isn’t as volatile as the above market but it still gives you a higher pip fluctuation and greater opportunity in the market. The London Tokyo overlap which happens between the 3am to 4 am mark sees the least volatility in the market and lower opportunities as compared to the above two markets.


    News Trading
    Big trading news can change the whole outlook of the market in no time at all. However, you shouldn’t be basing your decisions on every outbreak because that will ultimately will not benefit you. You need to be on the lookout for news on the following topics such as CPI data, trade deficits, consumer consumption, GDP data, unemployment rates, retail trade, Central bank meeting and many other types of similar news which can have a greater impact on the market.


    The bottom line is to keep in mind the above aspects. Even if you are a part time trader and you take your eyes off the market, if you know about the times when the market is highly volatile and you are aware of the economic data which is being released in the news, you will not miss out on anything and you can make serious profits.


  • Re: Mobil Oil Post #289324
    Posted at: 10:15 am, 14th Aug 2017
    by chachamalingo. SMN . Joined: 14th August 2017. Thanked 0 times.

    I got an alert for about 25% of my shares. Also got a 25% increase in my equity units. Any one with a similar experience?


  • How to trade reliably Post #289319
    Posted at: 9:11 am, 8th Aug 2017
    by Astutefi. SMN . Joined: 2nd August 2017. Thanked 0 times.

    3. - How can i trade reliably?: This is a question that all traders ask at inception and even during the course of their trading career, You ask this question every time you have a losing trade or after consecutive losing trades, writing down different set of rules and regulations that are supposedly needed to help you trade successfully, these set of Rules are often changed to something else after another set of losses.While rules are good because they help in instilling discipline in a trader, they do not need to be of long list to make a trader successful, which brings us back to the question How can i trade successfully.

    There are so many versions to peoples perspective about successful trading, some would insist that all you need is Strict money management and you would be successful,they say gradual and consistent portfolio is the key through money management, before we go further, let us look at this analogy:
    A Trader X with a very functional system that gives 50% win ratio decided to fund his account with $1000 with a strict promise that he would never use more than 1% of his account per trade. That is $10 per trade in a $1000 account with 50 pips as stop loss i.e 50% of his invested amount per trade

    After 10 trades he has 5 losses and 5 wins lets say his wins are 50 pips each at closing thats 50% of his invested capital. That would be
    Profits : 0.1 per pip 50 pips = $5 the 5 trades = $25
    Losses : 0.1 per pip 50 pips = $5 the 5 trades = $25.

    Going from this analogy we can see that even with a 50% win ratio and strict money management with a fixed stop loss point, Trader X following his Rules to the letter has not been able to make any profit to his account.
    Now as a trader you can all agree with me that predicting a 50 pip trade every time is not an easy feat not to talk of a trading system with 50% win ratio. From the above example we can see that having a good money management strategy is not the Holy Grail to making money consistently in the financial market. Don't get me wrong, having good money management is very important if you want to succeed in the financial markets, thing is , from the example above we can see that its not everything.

    What then can be the most important thing in financial market success you may ask? Its the thing that most Nigerian traders never talk about, most have probably never heard of this atall. Its called MARKET TIMING.

    Now What is Market Timing? Market timing can be defined as the top down view of the market and its prospects

    Notice the bolded in the definition, they are the most important thing an analyst needs to have before a proper market timing can be achieved.

    How do you achieve having an accurate top down view of the market, remember in the previous post we spoke about how fractal the market is, how a certain system might work with th market for sometime then seem useless some other time.

    To always achieve a proper top down view of the market, a trader must also be fractal as the market. How you would ask, a trader can only be fractal by accumulating as much trading tools as possible, this can only be achieved through constant studying and training. In Nigeria, we prefer mostly to speak about the number of years we have been in the financial market than the amount of knowledge we have, you hear them say i have been trading for 6 years,8 years, some 15 years and so on, yet some have not even mastered the art of common divergence in the financial market not to talk of the complex methods and then they speak of having experience, begs the question, experience in what?. Trading the financial market is not a child's play and this is why most traders, not only Nigerian traders has a larger number of losing traders than the winning ones. There could be a time in the market whereby the only thing needed is trend line analysis while sometimes you might have to use harmonics,some other time it might be Fibonacci or Elliot wave while other times simple Support and Resistance point would be all needed, now supposing you are only fluent in one or two and you find yourself in a market situation whereby non of your tools are applicable or does not offer convincing view as regards the markets direction for a day you can be on the side line how about for weeks or months what do you do? There is no simple way to financial market trading, it requires hard work and absolute dedication, no holy grail, always remember, to trade the fractal market successfully, you need to be as fractal as the market, then you can achieve proper Market Timing!.


  • Re: GTBank Post #289296
    Posted at: 7:37 am, 4th Aug 2017
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 441 times.

    arostuff;289294 wrote:
    Thanks Oga docjuli for reminding us of this line. although I somehow forsaw this one reaching #40.00, I have not yet bailed out yet , I don't know where we are in this market, whether we are at the end or middle of the rally. I hope Ogas in the house would weigh in so that I can know whether to bail out or not.

    We are in recovery, so expect some exuberance, before things settle down.


  • Re: Mobil Oil Post #289295
    Posted at: 7:31 am, 4th Aug 2017
    by waaan5. SMN Forum Moderator. Joined: 14th June 2007. Thanked 441 times.

    overload;288606 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/15774_MOBIL_OIL_-_DIVESTMENT_CORPORATE_ACTIONS_NOVEMBER_2016.pdf


    i hope these Nipco guys didnt over pay for this sha!

    $301M for 216M shares

    that is about N438 at Official market

    Hope they are not having BUYERS REMORSE sha. I have been waiting for the alert on the Mandatory offer of my own Mobil units they are obligated to BUY as part of the transactions. They keep changing the dates. Anyways Oba no dey go transfer, as my Bini people say. We are waiting for them.


  • Re: GTBank Post #289294
    Posted at: 4:31 pm, 3rd Aug 2017
    by arostuff. SMN . Joined: 25th September 2010. Thanked 5 times.

    docjuli;289291 wrote:
    And it hit N40, 41, and finally 42. Now, coming down

    Thanks Oga docjuli for reminding us of this line. although I somehow forsaw this one reaching #40.00, I have not yet bailed out yet , I don't know where we are in this market, whether we are at the end or middle of the rally. I hope Ogas in the house would weigh in so that I can know whether to bail out or not.


  • Re: GTBank Post #289291
    Posted at: 3:30 pm, 2nd Aug 2017
    by docjuli. SMN . Joined: 5th March 2008. Thanked 5 times.

    arostuff;289070 wrote:
    GTB Q1 result

    Q1 PAT = 41billion, EPS = 1.47

    whao whao !!!!!!
    what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

    at this rate the price of GTBank would soon reach 40 naira

    I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace :D:D

    And it hit N40, 41, and finally 42. Now, coming down


  • Re: 7up Post #289282
    Posted at: 10:12 am, 20th Jul 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    chudinho;289279 wrote:
    Why is this stock trading at such high price despite the huge loss the made in their last Audited financials?

    Bluechip track record perhaps ?


  • Re: 7up Post #289279
    Posted at: 11:56 am, 18th Jul 2017
    by chudinho. SMN . Joined: 11th December 2009. Thanked 58 times.

    Why is this stock trading at such high price despite the huge loss the made in their last Audited financials?


  • Re: Red Star Express Post #289269
    Posted at: 6:15 pm, 3rd Jul 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    _REDSTAR_EXPRESS-AUDITED_MARCH_2017_FINANCIAL_STATEMENTS_JUNE_2017

    Even if SMN itself disappoints, Redstar no dey disappoint. :D


  • Re: Monitoring Your Account - CSCS Details 26156677 Post #289266
    Posted at: 4:31 pm, 29th Jun 2017
    by dabai52@gmail.com. SMN . Joined: 29th June 2017. Thanked 0 times.

    I want daily online access to my cscs-nse account number 26156677.


  • Plaza at Oceanside Post #289265
    Posted at: 2:47 am, 21st Jun 2017
    by edcookrealestate. SMN . Joined: 21st June 2017. Thanked 0 times.

    Ed Cook is a real estate professional specializing in oceanfront and Intracoastal luxury condominium sales and rentals in Pompano Beach, as well as throughout Broward and Palm Beach County. Ed owns, invests, lives, works and plays at the fabulous Plaza at Oceanside in Pompano Beach. Give him a call, text or e-mail today to answer your questions, show you The Plaza or any other top-of-the-line condo property or help sell your condo at 732-997-8620.


    edcookrealestate.com


  • Re: MarketWatch Post #289264
    Posted at: 2:56 pm, 17th Jun 2017
    by Ninos. SMN . Joined: 17th June 2017. Thanked 0 times.

    Few details. And the opinion of experienced brokers I would like to read.


  • Re: MarketWatch Post #289263
    Posted at: 2:54 pm, 17th Jun 2017
    by Devlin. SMN . Joined: 2nd June 2016. Thanked 0 times.

    I also read summaries from popular brokers. Itself while on a demo account I am engaged in trading. But I'm looking for a good broker here https://topbrokers.com/ to entrust my finances to him. It's much more profitable than a deposit in a bank.


  • Re: Universal Insurance Post #289262
    Posted at: 8:12 pm, 16th Jun 2017
    by bangeasdarkay9825. SMN . Joined: 16th June 2017. Thanked 0 times.

    ; wrote:
    fx-brokers-review.com/index_jp.html 信頼できる最高の外国為替ブローカーの概要と比較


  • Re: Forte Oil Post #289259
    Posted at: 10:12 am, 13th Jun 2017
    by Sean12010. SMN . Joined: 15th February 2014. Thanked 3 times.

    baotoghile;289258 wrote:
    Forte Oil Woos Foreign Investors on Proposed N20 Billion Fresh Capital







    By Peter OBIORA InvestAdvocate

    Lagos (INVESTADVOCATE)-Oil marketing major, Forte Oil Plc on Friday said its wooing foreign investors in its proposed N20 billion fresh capital drive for the expansion of its operations.

    Julius Omodayo-Owotuga, group executive director, Finance and Risk Management of the company made this disclosure at a media parley with capital market journalists’ in Lagos.

    According to him, there are lots of foreign interest in the shares of Forte Oil Plc which he attributed to the company’s diversification strategy; operating in the downstream, upstream and power sectors of the Nigerian economy.

    He disclosed the oil marketing firm has approached the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to seek approval for the proposed N20 billion fresh fund raising.

    “We said to ourselves, because of the margin in downstream business, we cannot continue to use only debt; we have to bring in additional equity and we have started the process, we have approached SEC and the NSE, the GCEO is not here, he is meeting with some investors outside the country in respect to our N20 billion capital raising,” Omodayo-Owotuga said.

    In November 2016, Forte Oil announced it successfully raised N9 billion from a bond offering, which will be used to refinance existing short term bank loans and fund retail outlet expansion.

    “With the raising of this initial capital which has been fully underwritten shows the confidence the investing public has in Forte Oil Plc as an investment of choice,” Akin Akinfemiwa, group CEO of the company said.

    Akinfemiwa said the N9 billion five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

    Late February this year, the NSE said it has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company.

    According to the company, the proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.


    Omodayo-Owotuga said that the proceeds from the N20 billion fresh capital will be used to enhance Forte Oil’s working capital, business expansion and downstream businesses.

    Forte Oil’s group executive director, Finance and Risk Management disclosed that shareholders of the company had earlier issued a mandate to raise fresh funds of up to N100 billion; out of which N9 billion has only been raised.

    Omodayo-Owotuga further disclosed that Forte Oil’s future plans are geared towards five (5) pillars to grow revenue and add value to its shareholders.

    He affirmed that the oil marketing firm will deepen its focus on high margin products such as lubricants, Liquefied Petroleum Gas (LPG) and power to drive revenue generation.

    “We grew the lubricants business by 62 percent in 2016, to 21 million litres from 13 million litres recorded in 2015,” he added.

    According to him, the second pillar is to strengthen the company’s balance sheet through enhancement of working capital and efficient management of inventory and trade account receivables.

    “Another major pillar the company is moving its plans towards is the acquisition of the right upstream assets at the right price to increase market share,” he added.

    Omodayo-Owotuga further affirmed that Forte Oil would focus on mergers and acquisitions within the industry to increase its downstream business by looking at refineries.

    He said that the company would optimise distribution channels as well as partner with telecommunication firms and financial institutions for effective distribution of its services.

    He disclosed in terms of revenue contribution to the operations of the company in 2016, the upstream business has contributed 1.5 percent, power nine percent (9%) and the downstream 89.9 percent.

    “In terms of gross profit, power has contributed 20 percent, upstream five percent (5%) and the downstream contributed 75 percent,” he noted

    What a time to release their dumb ass story!


  • Re: Forte Oil Post #289258
    Posted at: 6:57 pm, 11th Jun 2017
    by baotoghile. SMN . Joined: 20th October 2007. Thanked 107 times.

    Forte Oil Woos Foreign Investors on Proposed N20 Billion Fresh Capital







    By Peter OBIORA InvestAdvocate

    Lagos (INVESTADVOCATE)-Oil marketing major, Forte Oil Plc on Friday said its wooing foreign investors in its proposed N20 billion fresh capital drive for the expansion of its operations.

    Julius Omodayo-Owotuga, group executive director, Finance and Risk Management of the company made this disclosure at a media parley with capital market journalists’ in Lagos.

    According to him, there are lots of foreign interest in the shares of Forte Oil Plc which he attributed to the company’s diversification strategy; operating in the downstream, upstream and power sectors of the Nigerian economy.

    He disclosed the oil marketing firm has approached the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to seek approval for the proposed N20 billion fresh fund raising.

    “We said to ourselves, because of the margin in downstream business, we cannot continue to use only debt; we have to bring in additional equity and we have started the process, we have approached SEC and the NSE, the GCEO is not here, he is meeting with some investors outside the country in respect to our N20 billion capital raising,” Omodayo-Owotuga said.

    In November 2016, Forte Oil announced it successfully raised N9 billion from a bond offering, which will be used to refinance existing short term bank loans and fund retail outlet expansion.

    “With the raising of this initial capital which has been fully underwritten shows the confidence the investing public has in Forte Oil Plc as an investment of choice,” Akin Akinfemiwa, group CEO of the company said.

    Akinfemiwa said the N9 billion five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

    Late February this year, the NSE said it has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company.

    According to the company, the proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.


    Omodayo-Owotuga said that the proceeds from the N20 billion fresh capital will be used to enhance Forte Oil’s working capital, business expansion and downstream businesses.

    Forte Oil’s group executive director, Finance and Risk Management disclosed that shareholders of the company had earlier issued a mandate to raise fresh funds of up to N100 billion; out of which N9 billion has only been raised.

    Omodayo-Owotuga further disclosed that Forte Oil’s future plans are geared towards five (5) pillars to grow revenue and add value to its shareholders.

    He affirmed that the oil marketing firm will deepen its focus on high margin products such as lubricants, Liquefied Petroleum Gas (LPG) and power to drive revenue generation.

    “We grew the lubricants business by 62 percent in 2016, to 21 million litres from 13 million litres recorded in 2015,” he added.

    According to him, the second pillar is to strengthen the company’s balance sheet through enhancement of working capital and efficient management of inventory and trade account receivables.

    “Another major pillar the company is moving its plans towards is the acquisition of the right upstream assets at the right price to increase market share,” he added.

    Omodayo-Owotuga further affirmed that Forte Oil would focus on mergers and acquisitions within the industry to increase its downstream business by looking at refineries.

    He said that the company would optimise distribution channels as well as partner with telecommunication firms and financial institutions for effective distribution of its services.

    He disclosed in terms of revenue contribution to the operations of the company in 2016, the upstream business has contributed 1.5 percent, power nine percent (9%) and the downstream 89.9 percent.

    “In terms of gross profit, power has contributed 20 percent, upstream five percent (5%) and the downstream contributed 75 percent,” he noted


  • Re: Forum Member Missing Post #289257
    Posted at: 8:15 pm, 9th Jun 2017
    by shigidi. SMN . Joined: 6th July 2007. Thanked 28 times.

    donchisel;289256 wrote:
    May we plead with all forumites not to allow whatsapp take our SMN away

    Come to think of it. Forming a whatsapp group will actually be a good idea. With all old members of SMN. :)


  • Re: Forum Member Missing Post #289256
    Posted at: 1:18 pm, 9th Jun 2017
    by donchisel. SMN . Joined: 28th June 2007. Thanked 3 times.

    mercylicious;289240 wrote:
    Don't mind me. We chat daily on wassap.
    Rotfl

    May we plead with all forumites not to allow whatsapp take our SMN away


  • Re: Economicwatch Post #289252
    Posted at: 5:18 pm, 8th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.


    The guy really nailed it.

    Btw, i know the guy personally. You know say i be Security Guard on minimum wage. :D:D:D


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