ExLaidback:
..

Even analysts forecasts for both of them favours FCMB more than FBNH... FCMB SP also has more potential upside...For me o, for the next 3 to 6 months, FCMB >> FBNH Except maybe the price of FBNH fall below N2.50 or less sef...

locodemy:


Bros there is no going back to that decision.All i am waiting for is to see a pull back in fcmb between now and next week,i will even sell off my entire portfolio for fcmb and that will give me great and great volume and my dividend next year will enrich my pocket.

sorry sir,i am no more interested in fbn.i expected about #65 billion PAT..........With that result,Fbn is in a loooooong thing........sell yours and follow me now before it trades at #2.00.

davide470:
FBNH is on a slow and steady path to revovery. They had their Analyst presentation/call today and part of the key points noted was: Replacement of their Chief Risk Officer and drastic remedial measures are being taken against their NPL's.

Nevertheless, on a 2 - 3 years investment horizon, i would gladly go for FCMB as against FBNH based on the upside potential and capital appreciation.

davide470:
FBNH is on a slow and steady path to revovery. They had their Analyst presentation/call today and part of the key points noted was: Replacement of their Chief Risk Officer and drastic remedial measures are being taken against their NPL's.

Nevertheless, on a 2 - 3 years investment horizon, i would gladly go for FCMB as against FBNH based on the upside potential and capital appreciation.

kentoto:



People,

Not happy about FBNH results but I suspected. My average is 3.03 (3.05 and 3.01), as for me and my household, we leaving FBNH.

The trip about the useless bank be say it will now trade heavy volumes, which confuses people the more. at any price people still like it.

Please is itrade back ? Men wan leave FBNH.

Let's be careful with the remaining banks, they are all operating in the same economy.

K

Intendy:
http://nse.com.ng/Financial_NewsDocs/15273_LIVESTOCK_FEEDS_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

kentoto:



People,

Not happy about FBNH results but I suspected. My average is 3.03 (3.05 and 3.01), as for me and my household, we leaving FBNH.

The trip about the useless bank be say it will now trade heavy volumes, which confuses people the more. at any price people still like it.

Please is itrade back ? Men wan leave FBNH.

Let's be careful with the remaining banks, they are all operating in the same economy.

K

currentprice:

_{^{fbn,,, past elephant}}

ihedioramma:
Any how cow sick it can't be like goat .

locodemy:


you have reminded me those days unity bank was about to do reconstructions,people were saying the bank will bounce back........up till now,unity bank is still sick........brother,i will advice you to cut your losses no matter how big the loss is.........The stock is in a long run.........

locodemy:


you have reminded me those days unity bank was about to do reconstructions,people were saying the bank will bounce back........up till now,unity bank is still sick........brother,i will advice you to cut your losses no matter how big the loss is.........The stock is in a long run.........

locodemy:


Thank you all.....i am now ok.

ihedioramma:
am not in any losses with FBNH bought at 3.08 and 3 . It is FCMB,DIAMOND,FIDELITY,SKYE AND WEMA am thinking that will do share reconstruction, and many people has said it last month .

Mopolchi:
guy I can't part with fbhn, I buy am 33 Naira and I go sell am above that price or it will forever remain with me.

locodemy:


okokobioko eeeeeeeh!..............my brother leave matter............you are out of the world to come back in 10 years time.

Mopolchi:
guy I can't part with fbhn, I buy am 33 Naira and I go sell am above that price or it will forever remain with me.

Mopolchi:
I believe as far as it's the Elephant.

locodemy:


is this the elephant you are talking about?............collapsed..........speed on my feet.

carpenter:


You have taken a stand, abeg try buy more now and average down.

locodemy:


is this the elephant you are talking about?............collapsed..........speed on my feet.

locodemy:


ok o.your name is ihedioranma meaning what pleases everyone...........i want to tell you that fbn pleases everyone before not now...........i will like us to mark FBN and FCMB and watch them for six months from now and see the one that will give the highest return to shareholders.

kolaish:
Bros, take am easy o. The elephant is only sleeping. it will surely wake up one day. Though this sleeping elephant is not good for jijo guys.

Intendy:
http://www.dailytrust.com.ng/news/business/jaiz-to-list-30bn-ordinary-shares-on-nse/168769.html

Mopolchi:
I need you to explain more on this "average down". I recently bought 300 units at 3 Naira.

carpenter:


DEFINITION of 'Average Down'

The process of buying additional shares in a company at lower prices than you originally purchased. This brings the average price you've paid for all your shares down.

http://www.investopedia.com/terms/a/averagedown.asp

say you bought 1,000 units @ 33 naira...costing you about 33,000 excluding fees and taxes.

Since you have taken a stand not to sell at less that 33, you can buy more say another 1,000 at 3 naira and your average cost of the stock will go down. That way you don't have to wait till it gets to 33.

1. 1,000 units @ 33=33,000
2. 1,000 units @ 3 = 3,000

TC=36,000
AC=36,000/2000= 18

So now only need to wait for 18 and not 33 to break even (fees and taxes not included)

The more you buy now, the better for you.