locodemy:


What of the drop in both revenue and PAT as the audited result will soon be released?
Fcmb will be facing double issues very soon and I see the price dropping the more.
Q1 will bring the bank to its foot.I will take position before Q1 result.......

Chief monkey hunter, I remember you want it at 1.50, so that you will see enough money to share drink.
If Peterich group should help you, they will help you to drag it to 80 kobo.

Then currentprice will ring the stop bell

cha! person must not joke with Tolu today o, eyes day red

FLOURMILLS on full bid while UACN is 'trying to dance to the same melody'
...it's alright.

Just warming up.

#THEFLOURMILLUACNSPEEDLANE
#BELIEVE
#ANDKEEPBELIEVING

locodemy:


A welcome development.Do you think you will not make it big as this is happening?
#1.50 is a good entry point.

lol, I don't think it will trade below #9. If I had spare cash, I'll pick some units today.

onegentleguy:
FLOURMILLS on full bid while UACN is 'trying to dance to the same melody'
...it's alright.

Just warming up.

#THEFLOURMILLUACNSPEEDLANE
#BELIEVE
#KEEPBELIEVING

I just paid for my FMN rights today...

rationalmind:


lol, I don't think it will trade below #9. If I had spare cash, I'll pick some units today.

why in a hurry when plenty time still day
go look for cash or borrow my own cash with interest for 2 month

Chibuking81:

Chief monkey hunter, I remember you want it at 1.50, so that you will see enough money to share drink.
If Peterich group should help you, they will help you to drag it to 80 kobo.

Then currentprice will ring the stop bell

Princkez:
I just paid for my FMN rights today...

Good for u my dear !!
...I assure u that u shall not regret 'Flouring ur Mill'.

#BELIEVE

onegentleguy:
FLOURMILLS on full bid while UACN is 'trying to dance to the same melody'
...it's alright.

Just warming up.

#THEFLOURMILLUACNSPEEDLANE
#BELIEVE
#ANDKEEPBELIEVING

Flourmills Renounced Rights now trading at N4. Highest so far. Hmmm....

TLAX:


Flourmills Renounced Rights now trading at N4. Highest so far. Hmmm....

Those who sold their fcmb this week will still be on profit next week/upper. 2.40 minus 1.50. Just do the needful now and dont remember when it traded at 3.65.
@Oracle.......na you hit this 3.65 and stepped out bringing janet to the market.

onegentleguy:


Good for u my dear !!
...I assure u that u shall not regret 'Flouring ur Mill'.

#BELIEVE

thanks brother.

onegentleguy:

You must talk o

currentprice:


why in a hurry when plenty time still day
go look for cash or borrow my own cash with interest for 2 month

Maybe its a good thing I don't have spare cash.


Use the money to buy it and make the interest yourself

rationalmind:


lol, I don't think it will trade below #9. If I had spare cash, I'll pick some units today.

Be ready to keep buying down

locodemy:
Those who sold their fcmb this week will still be on profit next week/upper.
2.40 minus 1.50.
Just do the needful now and dont remember when it traded at 3.65.

@Oracle.......na you hit this 3.65 and stepped out bringing janet to the market.

I sincerely hope that for ur sake, u won't be disappointed come next week.
...for just like the SKYE, FCMB might also surprise u with 'some dignified dance steps'.

...We always like to wait for Mr TIME.

#BELIEVE

DD always advised pls.

Transcorp
- dis support area (1.90 - N2 ) is key to d med and long term
- stop loss remains at 1.90 levels
- lowest price in 6 weeks is N1.85
- i'm a holder here and a buyer at dis region


dis:
my avg cost is much lower

locodemy:
Those who sold their fcmb this week will still be on profit next week/upper.
2.40 minus 1.50.
Just do the needful now and dont remember when it traded at 3.65.

@Oracle.......na you hit this 3.65 and stepped out bringing janet to the market.

My hand no dey o.

I don't do bear / bull talk

#StayCalmFolks

This FMN bid of 8m units is Scarry ooo,what is cooking

locodemy:


You people never know the good work YOK is doing here.
Keep your eyes on MSCI,You will know where diamond bank,fbn,fidelity and Transcorp is heading to.
For diamond bank,#7 is sure and fcmb #5.

Just one month ago, you postulated N5.00 for FCMB, now it just turned to N1.50.

Kontinue....

RabbiDoracle:


Be ready to keep buying down

Agree with you. Market knows why it is selling down aggressively. More down to go.

mendes911:


Just one month ago, you postulated N5.00 for FCMB, now it just turned to N1.50.

Kontinue....

i pity you if you still take that dude serious .

Note to Self
- a good buy is most uncomfortable


DangFlour
- not really moving away from N16, very tight day range & 6 week range
- no 2 pull backs are d same
- all consolidations are not created equal


Zenith
- similar to dang flour , very tight 6 weeks consolidation ongoing
- its easier to set a stop loss and just stay calm

#JustObserving

TLAX:


Japaul on full bid. 26m+

54m

twice as nice

Princkez:
This FMN bid of 8m units is Scarry ooo,what is cooking

...'For the cooking shall surely be done for those who headed the early call to 'Flour their Mill, and join the United Army Of Concentrated Nonsense'
...and 'we strongly believe that the cook shall prepare us a very delicious meal'
...For the appointed time shall soon come to pass !!

#BELIEVE
#ANDKEEPBELIEVING

NOTE: This is not an investment advise. ...DD always advised pls.

Tolktob:


i pity you if you still take that dude serious .

You don't know me at all if you think I ever took him serious.

For those who like 'news' analysis:

Quote from Rencap

+++
Nigerian banks : CBN includes additional provision for dividend pay-outs

A local newspaper reported today that CBN released a circular barring banks with significant NPL ratios from paying dividends. While a circular was indeed released recently, unlike what the news article suggests, this banis not a new development. It was originally implemented on 8 October, 2014 in a circular which stipulated that a bank’s ability to pay dividend is based on;

NPL ratio ; where banks with NPL ratios above 10% shall not be allowed to pay dividend.
Capital position ; where banks which do not meet the minimum capital adequacy ratio shall not be allowed to pay dividend.
Credit risk ratings (CRR) ; which are not typically disclosed by the banks.

The revised circular, however, includes an additional provision; banks that have capital adequacy ratios (CAR) of at least 3% above the minimum requirement, CRR of “Low” and NPL ratio of more than 5% but less than 10%, shall have a dividend pay-out ratio of not more than 75% of profit after tax. These restrictions only apply to the banking entity, and not the group ; FBNH for instance paid out ₦0.20k per share (51% dividend pay-out) in FY16, despite an NPL ratio of 24.4%. This was paid out of the other non-banking subsidiaries within the group.

Based on our conversations with management, we think that a 75% pay -out ratio is highly unlikely. We note that the highest dividend pay-out ratio for the banks in our coverage universe in FY17E is c. 50% (GTBank and Zenith). We expect the banks to take a conservative stance on dividend pay-out in light of IFRS 9 capital requirements, which could reduce CAR by as much as 150bpts in a worst case scenario. Zenith, UBA and Fidelity offer attractive dividend yields of 7-8% based on our FY17 estimates while GTBank and Access stand closer to 5-6%. Dividends will be declared with the release of FY17 numbers, which we expect in about twoweeks.

bank /FY 16 /FY17E
Access 26% / 30%
Diamond 0% / 0%
ETI 0% / 10%
FCMB 14% / 10%
Fidelity 42% / 40%
FBNH 51% / 20%
GTB 45% / 50%
UBA 37% / 35%
Zenith 49% / 50%
++++

End Quote

IMO:
people shud not based their decision on panic / fear ! this same people will change mouth every quarter.

RabbiDoracle:


Be ready to keep buying down

This game is crazy.
I wish I had sold all my Fcmb, FBNH, Fidelity and Diamond first week of this month.
See FBNH that overtook Access bank doing boy boy.
Even UBA is afraid of meeting Access, why?
They kept saying it will reach five 5.naira.

I am not buying again till all some results are out.

This game hard small.
I thought it was a game of profit everyday..

FlourMills

- full bid on pre - closing day

Our People should be very careful with FBN.
They are not out of the wood yet.

Princkez:
This FMN bid of 8m units is Scarry ooo,what is cooking

we almost went deaf with onegentleguy shouting about the sweetness in FMN on this forum . Thought it would have made you look that way if previously ignored