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  • Re: Nse daily bid/offer status Post #249585
    Posted at: 10:21 pm, 4th May 2015
    by yemo. SMN . Joined: 21st February 2009. Thanked 244 times.

    4 May 2015 Market Close


  • Re: State of the Nation Post #249584
    Posted at: 9:51 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.


  • Re: Breaking News!!!!!!!!!! Post #249583
    Posted at: 9:51 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.

    FG, oil marketers meet, resolve subsidy debt controversy

    The Federal Government on Monday met with the Major Oil Marketers Association of Nigeria with an assurance that the fuel scarcity, being experienced in some parts of the country, would be over within the next few days.

    The meeting, presided over by the Minister of Finance, Dr Ngozi Omonjo-Iweala, was held at the headquarters of the Ministry of Finance in Abuja.


    It was also resolved at the meeting, which was attended by representatives of MOMAN and some senior officials in the finance ministry, that outstanding subsidy claims would be paid even after a new government takes over power.


    At the end of the meeting, which lasted over four hours, Okonjo-Iweala, who briefed journalists in company with the Executive Secretary, MOMAN, Mr. Thomas Olawore, said the issues that led to the scarcity had been resolved.


  • Re: Unity Bank Post #249582
    Posted at: 8:45 pm, 4th May 2015
    by manemi. SMN . Joined: 22nd April 2010. Thanked 56 times.

    mecatchcha;249576 wrote:
    Lie Lie oooo. Let it get to N1.50 before reversal. I will like to see people make 100% when it reverses.

    Hmm... I see more people getting sucked into a trap...


  • Re: State of the Nation Post #249581
    Posted at: 8:40 pm, 4th May 2015
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 99 times.


    Yahoo yahoo govt.:rolleyes:


  • Re: State of the Nation Post #249580
    Posted at: 8:38 pm, 4th May 2015
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 99 times.


    No wonder.... Oga Kayode has suddenly had a brindled tongue.
    Karma is a bitch.


  • Re: State of the Nation Post #249579
    Posted at: 8:33 pm, 4th May 2015
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 99 times.


    As much as I try to be apolitical after the elections in order not to allow emotions to becloud my sense of judgement I must confess I keep loving APC seeing them do political Mukhina salto while PDP falls apart.


  • Re: State of the Nation Post #249578
    Posted at: 8:24 pm, 4th May 2015
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 99 times.


    PDP should stop crying over spilled milk. The blame game is nauseating.


  • Swing or day trading systems? Post #249577
    Posted at: 8:15 pm, 4th May 2015
    by mbrowne29. SMN . Joined: 4th May 2015. Thanked 0 times.

    Can anyone recommend any good S&P, DOW or NASDAQ swing or day trading systems?
    I found these and wondered if anyone else has tried them.

    www(dot)sp500tradingsystems(dot)com

    1. BOB DYLAN collective2(dot)com/cgi-perl/system46106678

    2. THE ROLLING STONES collective2(dot)com/cgi-perl/system75421760

    3. THE BEATLES collective2(dot)com/cgi-perl/system81411332

    4. DAY TRADE emini collective2(dot)com/details/91269133


  • Re: Unity Bank Post #249576
    Posted at: 8:06 pm, 4th May 2015
    by mecatchcha. SMN . Joined: 19th November 2007. Thanked 21 times.

    Valuefront;249571 wrote:
    Expect a reversal on Friday

    Lie Lie oooo. Let it get to N1.50 before reversal. I will like to see people make 100% when it reverses.


  • Re: State of the Nation Post #249575
    Posted at: 7:43 pm, 4th May 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 59 times.


  • Re: State of the Nation Post #249574
    Posted at: 6:08 pm, 4th May 2015
    by emmanuel ewumi. SMN . Joined: 13th February 2008. Thanked 102 times.


  • Re: Universal Insurance Company PLC and Investment & Allied Assurance Company PLC Post #249573
    Posted at: 6:02 pm, 4th May 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 59 times.


  • Re: Continental Re Post #249572
    Posted at: 5:58 pm, 4th May 2015
    by shigidi. SMN . Joined: 6th July 2007. Thanked 21 times.


    Ol boy you dey try o :D. You don pass Oga salida for activity.

    Not sure its a wise decision paying dividend from retained earnings. Not a good 2014 year end result IMO. BUT WE GO STILL SWALLOW AM :)


  • Re: Unity Bank Post #249571
    Posted at: 5:55 pm, 4th May 2015
    by Valuefront. SMN . Joined: 2nd July 2013. Thanked 61 times.

    Gengen;249569 wrote:
    Unity bank price dropped 9.5% today from N3.89 to N3.52
    Total % drop since re-construction = 29.6%

    No. of deals = 6
    Total units traded = 251500
    Value of units traded = N885,370
    Average Price = N3.52

    Further drop still expected.

    Expect a reversal on Friday


  • Re: State of the Nation Post #249570
    Posted at: 5:52 pm, 4th May 2015
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 30 times.


  • Re: Unity Bank Post #249569
    Posted at: 5:45 pm, 4th May 2015
    by Gengen. SMN . Joined: 4th June 2007. Thanked 58 times.

    Unity bank price dropped 9.5% today from N3.89 to N3.52
    Total % drop since re-construction = 29.6%

    No. of deals = 6
    Total units traded = 251500
    Value of units traded = N885,370
    Average Price = N3.52

    Further drop still expected.


  • Re: Unity Bank Post #249568
    Posted at: 5:17 pm, 4th May 2015
    by chrischigoz. SMN . Joined: 27th December 2008. Thanked 2 times.

    Freshestboy;249530 wrote:
    Unity Bank's management DID NOT get approval from shareholders before reconstructing to N5 per share. Shouldn't Henry and his team be made to account for this? Unity Bank never had a real value of N5 per share and the fact that Unity Bank's board priced their shares this high shows the bank's management and board were planning something that they knew would ultimately put shareholders at a disadvantage. I don't believe Henry has the best interest of shareholders at heart.
    Personally, I don't think that unity bank shares reconstruction has clandestine undertone. I also strongly believe that unity bank has investors nod for reconstruction action. You will find out after diligent investigation.
    Prior to reconstruction unity bank shares outstanding was 116,893,379,420 which presently stood at 11,689,337.942 post reconstruction after 1new share for10 previously held.
    The motive for this is quite simple. To reduce the huge number if shares outstanding thereby strengthen the shareholders stock value. The free fall of the stock at the moment is handwork of demand and supply imperfection and correction of value market dynamism.


  • Re: Unity Bank Post #249567
    Posted at: 5:09 pm, 4th May 2015
    by chrischigoz. SMN . Joined: 27th December 2008. Thanked 2 times.

    Freshestboy;249530 wrote:
    Unity Bank's management DID NOT get approval from shareholders before reconstructing to N5 per share. Shouldn't Henry and his team be made to account for this? Unity Bank never had a real value of N5 per share and the fact that Unity Bank's board priced their shares this high shows the bank's management and board were planning something that they knew would ultimately put shareholders at a disadvantage. I don't believe Henry has the best interest of shareholders at heart.
    Personally, I don't think that unity bank shares reconstruction has clandestine undertone. I also strongly believe that unity bank has investors nod for reconstruction action. You will find out after diligent investigation.
    Prior to reconstruction unity bank shares outstanding was 116,893,379,420 which presently stood at 11,689,337.942 post reconstruction after 1new share for10 previously held.
    The motive for this is quite simple to reduce the huge number if shares outstanding thereby strengthen the shareholders stock value. The free fall of the stock at the moment is handwork of demand and supply imperfection and correction value market dynamism.


  • Re: The Banks Post #249566
    Posted at: 5:03 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.

    Carl Icahn gave a wide-ranging interview on Sunday's Wall Street Week, and he was more bearish than Business Insider has heard him in some time.


    He told hosts Anthony Scaramucci and Gary Kaminsky that his portfolio was hedged for a correction.

    "I'm very concerned about the market," he said. "I think that you have a situation where this market keeps going up ... and yet a lot of the economic news isn't all that good, and also more importantly, earnings aren't good."

    The bottom line, to Icahn, is that some stocks are trading at 17 and 18 times the S&P. Those same stocks are going to whiff earnings. What rational person would buy that?

    But that form of irrationality is not the worst thing to Icahn.

    "What's even more dangerous than the actual stock market," he said, "is the high-yield market. Junk bonds. "

    http://finance.yahoo.com/news/havent-heard-carl-icahn-bearish-135555073.html


  • Re: The Banks Post #249565
    Posted at: 5:01 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.

    http://finance.yahoo.com/news/bill-gross-ending-130946669.html

    But now, successful, neither perma-bearish nor perma-bullish managers have spoken to a "sense of an ending" as well. Stanley Druckenmiller, George Soros, Ray Dalio, Jeremy Grantham, among others warn investors that our 35 year investment supercycle may be exhausted. They don't necessarily counsel heading for the hills, or liquidating assets for cash, but they do speak to low future returns and the increasingly fat tail possibilities of a "bang" at some future date. To them, (and myself) the current bull market is not 35 years old, but twice that in human terms.

    "Asset prices may be past 70 in 'market years,'" he added.

    Gross slammed the idea that central banks could continue to sustain their economies and fix debt crises with more debt. He noted that the US had not seen real growth above 2% since the crisis, despite the Fed's "trillions of dollars of monetary lighter fluid." And that's bad news for Japan and the eurozone.

    For money managers, their tactics for the past 35 years — focusing on areas where the most capital gains can come from — will no longer work.

    http://finance.yahoo.com/news/havent-heard-carl-icahn-bearish-135555073.html

    The dollar joins the currency wars - MarketWatch


  • Re: State of the Nation Post #249564
    Posted at: 4:50 pm, 4th May 2015
    by Salida. SMN . Joined: 11th July 2010. Thanked 255 times.


  • Re: The Banks Post #249563
    Posted at: 4:45 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.

    Hogwash. This is all ending. The successful portfolio manager for the next 35 years will be one that refocuses on the possibility of periodic negative annual returns and miniscule Sharpe ratios and who employs defensive choices that can be mildly levered to exceed cash returns, if only by 300 to 400 basis points.

    My recent view of a German Bund short is one such example. At 0%, the cost of carry is just that, and the inevitable return to 1 or 2% yields becomes a high probability, which will lead to a 15% “capital gain” over an uncertain period of time. I wish to still be active in say 2020 to see how this ends.

    As it is, in 2015, I merely have a sense of an ending, a secular bull market ending with a whimper, not a bang. But if so, like death, only the timing is in doubt. Because of this sense, however, I have unrest, increasingly a great unrest. You should as well.

    http://www.zerohedge.com/news/2015-05-04/bill-gross-all-ending


  • Re: Unity Bank Post #249562
    Posted at: 4:44 pm, 4th May 2015
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 30 times.

    oyo;249554 wrote:
    Oga Value, make unah free this Oga nah:) He just through caution into the winds, despite the overbearing consensus of opinions against his misadventure.:eek:
    He will eventually come to terms with his emotions.....and only then that he would have have paid some "dues" in this business:cool:
    I vividly recall he said his broker warned him to desist from UnityBank.
    Well if such opportunity don't call how can one easily make 100% on NSE. Buying 70kobo and selling #1:50kobo won't be a bad idea. (COOL)


  • Re: The Banks Post #249561
    Posted at: 4:44 pm, 4th May 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 37 times.

    Bill Gross: "This Is All Ending" | Zero Hedge

    But for the global economy, which continues to lever as opposed to delever, the path to normalcy seems blocked. Structural elements – the New Normal and secular stagnation, which are the result of aging demographics, high debt/GDP, and technological displacement of labor, are phenomena which appear to have stunted real growth over the past five years and will continue to do so.

    Even the three strongest developed economies – the U.S., Germany, and the U.K. – have experienced real growth of 2% or less since Lehman. If trillions of dollars of monetary lighter fluid have not succeeded there (and in Japan) these past 5 years, why should we expect Draghi, his ECB, and the Eurozone to fare much differently?

    Because of this stunted growth, zero based interest rates, and our difficulty in escaping an ongoing debt crisis, the “sense of an ending” could not be much clearer for asset markets.

    Where can a negative yielding Euroland bond market go once it reaches (–25) basis points? Minus 50? Perhaps, but then at some point, common sense must acknowledge that savers will no longer be willing to exchange cash Euros for bonds and investment will wither


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