kokobaba:


I am currently targeting fbnh cos this rare opportunity must not pass me by. Even if it entails borrowing money to buy I will buy @ N10. No shaking

Ok..but hope you know the risk in borrowing to buy shares?

passwelle:

My Oga, hindsight they say is 20/20. Diamond folks are presently in the same category as for example the 2007 Transcorp IPO folks. However, the loyal shareholders of Access who believe in the stock, can simply mop up at a faster rate now to their desired position, than take up any future rights at 8.90.

I can never forget transcorp IPO..chai..my old man na im suffer pass for their hand then.

Charlesnerd:


Diamond seems to have loyal shareholders.

The volumes traded so far might not be enough to arrive at a conclusion.A panic stricken investor just offloaded 200,000 units.

I am suspecting a Nairalander just offloaded those units sharp sharp.

Excellent7:


Don't be to so sure!
This market as I see it has become one crazy bitch!!
With the way I am saying it, many stocks are going to go below their year lows pretty soon.
Folks should be careful of falling knives (until they are on the ground)

Do you think anyone can really tell when these stocks have gotten to their lowest lows? I have no doubt that the all share index will go lower,but one thing I know is that it's decline will affect all stocks differently. Some stocks will be more battered than others and some will not even be battered at all and might even gain, in all we just keep looking for fundamentally good stocks where the irrationality of the market has pushed it to down to very attractive prices and take advantage of it. As long as you are a long term investor,you need not worry so much. This present market phase does not look to me like it really favors short term trading.

feelamong:
sharp reversal by FBN....
anyway I go still dey wait for am for the junction

Reversal reversed. Caveat emptor, falling knives abound! We havent seen the last of this bear.

passwelle:
Q3 Results rolling in ...
http://www.nse.com.ng/Financial_NewsDocs/7544_FORTE_OIL_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

The fear of "non-controlling interest" ehn ......na wa o.

Food for thought:

"You don’t need to be an expert in order to achieve satisfactory investment returns... Focus on the future productivity of the asset you are considering.. If you instead focus on the prospective price change of a contemplated purchase, you are speculating.. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard... " - Warren Buffett

look at the scoreboard once in a while sha...lol

FranklinRich:


Do you think anyone can really tell when these stocks have gotten to their lowest lows? I have no doubt that the all share index will go lower,but one thing I know is that it's decline will affect all stocks differently. Some stocks will be more battered than others and some will not even be battered at all and might even gain, in all we just keep looking for fundamentally good stocks where the irrationality of the market has pushed it to down to very attractive prices and take advantage of it. As long as you are a long term investor,you need not worry so much. This present market phase does not look to me like it really favors short term trading.

u re correct

passwelle:
Q3 Results rolling in ...
http://www.nse.com.ng/Financial_NewsDocs/7544_FORTE_OIL_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

I was expecting this result to be released on Friday. The dudes at Forte keep over-delivering.

Disclosure: I own substantial units of this stock.

carpenter:
Food for thought:
"You don’t need to be an expert in order to achieve satisfactory investment returns... Focus on the future productivity of the asset you are considering.. If you instead focus on the prospective price change of a contemplated purchase, you are speculating.. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard... " - Warren Buffett
look at the scoreboard once in a while sha...lol

The above is very valid my Oga, in the clime where it was postulated. Pray, do tell me one company on our own bourse that you are completely confident in its future productivity and can afford to take your eyes off the scoreboard (volume and price) for a while.

It is normal for investors to be bearish in a bear market and bullish in a bull market

@Dexter; bros I dey naija o. Trying to relearn a few ways of surviving here after descending from the twin hills of Mercy

passwelle:

The above is very valid my Oga, in the clime where it was postulated. Pray, do tell me one company on our own bourse that you are completely confident in its future productivity and can afford to take your eyes off the scoreboard (volume and price) for a while.

In my opinion the phrase "complete confidence" does not even exist when the asset we are talking about is my humble self. So I would not have complete confidence in anyone not to talk of companies. I do hope and we can only hope. Nothing is promised or guaranteed.

The saying does makes sense for me though...maybe because I am not trying to time the market and be a millionaire overnight.
I just dey waka jejely.

carpenter:
Food for thought:

"You don’t need to be an expert in order to achieve satisfactory investment returns... Focus on the future productivity of the asset you are considering.. If you instead focus on the prospective price change of a contemplated purchase, you are speculating.. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard... " - Warren Buffett

look at the scoreboard once in a while sha...lol

Once thing I have learnt over the years is to try not to take all this quotes hook,line and sinker. Warren Buffet has never invested in Nigeria and so might not know how we operate here. I do biz in both environments and one thing I have learnt to do is to drop my sanity once I get into muritala Muhammed airport and assume a different personality. It took me a while to learn this but I must say I learnt this the very hard way. For me I will look at both the playing field and scoreboard and even the referee to know when they want to blow their whistle.

Dexterax:


I was expecting this result to be released on Friday. The dudes at Forte keep over-delivering.

Disclosure: I own substantial units of this stock.

Over delivering with a drop in their EPS?

Issokay!

carpenter:

In my opinion the phrase "complete confidence" does not even exist when the asset we are talking about is my humble self. So I would not have complete confidence in anyone not to talk of companies. I do hope and we can only hope. Nothing is promised or guaranteed.
The saying does makes sense for me though...maybe because I am not trying to time the market and be a millionaire overnight.
I just dey waka jejely.

My Oga hen, no be small thing. It also makes sense for me, I am just saying our bourse get as e be no be small. Anyway sha, do remember that hope is not an investment strategy. Na hope carry people enter Jos Breweries, na dat same hope still carry person enter DAAR today .

FranklinRich:

Once thing I have learnt over the years is to try not to take all this quotes hook,line and sinker. Warren Buffet has never invested in Nigeria and so might not know how we operate here. I do biz in both environments and one thing I have learnt to do is to drop my sanity once I get into muritala Muhammed airport and assume a different personality. It took me a while to learn this but I must say I learnt this the very hard way. For me I will look at both the playing field and scoreboard and even the referee to know when they want to blow their whistle.

Interesting points but all that happens there also...it is the very nature of the market.

passwelle:

My Oga hen, no be small thing. It also makes sense for me, I am just saying our bourse get as e be no be small. Anyway sha, do remember that hope is not an investment strategy. Na hope carry people enter Jos Breweries, na dat same hope still carry person enter DAAR today .

Abeg no make me laff too much. Na people wey enter those buses know wetin dem dey look for. In sincerity, we all gamble once in a while and I could have been in any of those buses...but they didn't appeal to me then.

feelamong:


Over delivering with a drop in their EPS?

Issokay!

I was expecting this result to be released on Friday. The dudes at Forte keep over-delivering.

monkey hunters

...............and nobody is willing to buy even with the good result @ FO. Now trading N200. #Monkeyhunters

Its in the English. FO's submission of results prior to most other companies on the bourse is commendable.

feelamong:


Over delivering with a drop in their EPS?

Issokay!

-19% drop in EPS..Dexter want to offload.

Things might change positively in the coming days.

FO coperate governance is commendable unlike NEM plc.

passwelle:
Its in the English. FO's submission of results prior to most other companies on the bourse is commendable.

Very simple!

Born2berich:


-19% drop in EPS..Dexter want to offload.

Hehehe...my oga, Otedola has something in the pipeline as usual.

Thankfully, he has the ripple effects of the current oil price decline to look at for some perspective on the issue of Forte Oil swimming to the upstream section of the energy value-chain.

@nitrogen

I see you mehn.

Dexterax:


Hehehe...my oga, Otedola has something in the pipeline as usual.

Thankfully, he has the ripple effects of the current oil price decline to look at for some perspective on the issue of Forte Oil swimming to the upstream section of the energy value-chain.

True..Once FO seal the acquisition, the company will be the largest downstream company in West Africa.

Otedola is a smart man.

And for Wema
http://www.nse.com.ng/Financial_NewsDocs/7547_WEMA_BANK_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

FBNH is the worst HIT stock in banking sector, i just can't believe the price

Excellent7:


Perhaps in addition to traders fleeing to cash positions, the politicians are liquidating their positions to "prosecute" their political "games".
I agree with you that the bearish season will be around for a while.

word

Aks:
FBNH is the worst HIT stock in banking sector, i just can't believe the price

Maybe foreign investors have large shareholdings in FBNH. Moreover, the liquidity ratio of FBNH is very high, hence it is easily susceptible to volatility

Aks:
FBNH is the worst HIT stock in banking sector, i just can't believe the price

It could have been worse.The intra day volatility is a clear indicator of some sort of panic selling; maybe because of the news of the syndicated loan loss in Sierra leone.