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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:25pm On Jul 05, 2016 |
Abeg who get details of the fact behind the figures presentation by Oando yesterday. I been think say NSE go publish am. |
Re: Nigerian Stock Exchange Market Pick Alerts by myjoy085: 12:35pm On Jul 05, 2016 |
“It is important to reiterate the fact that Skye Bank is not in distress and remains a healthy bank in the system. The CBN hereby assures depositors, shareholders and all relevant stakeholders that there is no reason for concern or panic as we seek their continued cooperation at this time.” ----CBN Above quote was an extract from CBN as regards their position on Skye Bank organizational and financial quagmire. While I don't want to join issues with CBN but I want to reject in entirety their assertion that shareholders of Skye bank need not to panic as their investment is safe. What will happen to skye bank will be akin to what happened to afribank and resultant manifestation was now moribund Enterprise bank. The depositors need not to panic because their money is protected but if you are an investor, Pls you still have narrow window for a cosmetic escape. CBN position is just damage and panic control. Massive Harm has been done to this bank . My stake in nse at the moment is little above 600 thousand. I escape in time and I warn you but many refused to heed to that advice. Few companies will have problem, it is not yet uhuru. Peterichy and few others I salute you for refusing to be silenced. For me I refused to join we must make money this year singers, I remained in the sideline. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 1:10pm On Jul 05, 2016 |
kentoto: You just hit the nail on the head with the bold. Amongst all the banks only GTB can boost of sound fundamentals not even Zenith. But some of us will still do buying and selling on these others banks if there is a sign on making profit. For example, I won't look away from Skye Bank if it IS selling at 0.10k on full bid. As at today, fundamentally sound stocks are scarce on the floor of our NSE. The only fundamentals for me is cashing out my little profits. |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 1:26pm On Jul 05, 2016 |
i canT view the market what is going on! morgan capitAL |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:33pm On Jul 05, 2016 |
PETERiCHY: Your wish!!! You refused to accept that I'm smarter than u ![]() ![]() ![]() No time for useless talk jare 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:36pm On Jul 05, 2016 |
ufotty2001: Oga are u viewing from Ouagadougou? |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 1:38pm On Jul 05, 2016 |
Today no be holiday for where you dey? ![]() ufotty2001: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 1:39pm On Jul 05, 2016 |
THE STOCK MARKET is simply a place for the LARGE HEARTED... STAY OFF if you are EMOTIONAL... Don't buy or sell because you were told to by anyone as you are solely responsible for the consequences of your ACTIONS. Always do your DD before Jumping In/Jumping Out on A STOCK! THE BIG SMART GUY |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 1:42pm On Jul 05, 2016 |
Agbalowomeri:viewing from ndibuhari market... have forgetten that today is public holiday... ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by uzoboy86yahoo(m): 1:50pm On Jul 05, 2016 |
Should I buy ucap |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 3:26pm On Jul 05, 2016 |
uzoboy86yahoo:ucap buy i should? |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 3:35pm On Jul 05, 2016 |
Market won't open until Friday as FG has extended the public holiday to Thursday....I am tired of this our penchant for holidays... |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 4:11pm On Jul 05, 2016 |
Coolcash1: http://www.dailytrust.com.ng/news/general/fg-extends-public-holidays-for-eid-el-fitr-celebration-till-thursday/153964.html |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 4:15pm On Jul 05, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 4:21pm On Jul 05, 2016 |
oghenebiko: till Friday. but WT bleeped up. A question was raised that why should a deferred tax be reported as a PAT for unaudited quarterly result. was it to deceive investors? he dodged it. 2)a question was also raised about the auditors comment (Ernest and young) of oando being a going concern and he tactical dodge as well not providing any answer 3)on the fund raised 'via our banks' with 3 year 'grace' how does he intend to repay if oil remain below 60$ pb,those he continue asset stripping.like the wale I know he kept on blabing. so traders enjoy,investors better loosen your seat belt and look for the nearest exit. |
Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 4:26pm On Jul 05, 2016 |
OBAGADAFFI:Transcorp is still a good performing business. |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 4:27pm On Jul 05, 2016 |
OBAGADAFFI: bro I believe u meant there are still many fundamentally sound stocks BUT overpriced from your perspective. we have over 250 stocks listed on the exchange and around 50 with good fundamentals and 30 of the 50 with also good cooperate governance. though numbers change from time to time. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 4:33pm On Jul 05, 2016 |
Intendy: My oga intendy... Please name 20 of those good companies so that newbies like us will know them... Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 4:43pm On Jul 05, 2016 |
Intendy: Yea there are fundamentally sound stocks on the floor, but they're scarce/overpriced. And at times thier figures can be inconsistent. Most of these stocks are in the FMCG, Building, conglomerates and Energy sectors. But in the :- Insurance - 0 Banking-1 Investment - 2 |
Re: Nigerian Stock Exchange Market Pick Alerts by seemples(f): 4:53pm On Jul 05, 2016 |
DeRuggedProf: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 5:27pm On Jul 05, 2016 |
locodemy: Where is that Big Smart Guy ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:17pm On Jul 05, 2016 |
Wapco or Floormill ? should i go for wapco? |
Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 7:52pm On Jul 05, 2016 |
Tritri:you don't have to use that approach.if you can study and understand your market behaviour. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:59pm On Jul 05, 2016 |
I have but left with both choice ..for long term that why am looking at wapco |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 9:14pm On Jul 05, 2016 |
leo1234:you get some ogogoro, orijin and alabukun for him? ![]() locodemy harsh no be small. ![]() make big smart guy no vanish like evansmed guy. ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by ibe9ja: 11:21pm On Jul 05, 2016 |
leo1234: zendi: He will resume his monkey hunting as soon as skybank starts to rise again. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 11:39pm On Jul 05, 2016 |
zendi: The big smart guy is now advising people to avoid Skye bank ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:50am On Jul 06, 2016 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 2:39am On Jul 06, 2016 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 4:43am On Jul 06, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by Kashif(m): 9:59am On Jul 06, 2016 |
kentoto: That's it! I don't understand fundamentals as well as I understand technicals so, most of my trades are off technicals. When fellas quote PEs etc, I only look. I have some shares in Skye which I bought on technicals. Will feel bad if it goes under, but won't lose a minute's sleep over it. Here, I see everybody is singing Skye as if somebody died. It may or may not be the beginning of the end. Ka Chinese mezie okwu |
Re: Nigerian Stock Exchange Market Pick Alerts by spinoff: 10:00am On Jul 06, 2016 |
Fingers crossed. http://stocksng.com/skye-bank-plc-technical-interpretation-cbns-action-every-stock-investors-know/ SKYE BANK PLC: Technical Interpretation of CBN’s Action And What Every Stock Investors Should Know. The Godwin Emefiele led Central Bank of Nigeria might not have acted like a ‘commando’ in the case of Skye Bank Plc. Many for sure would term the removal of the bank’s entire board of directors and the highest ranks of the management as nipping the evil in the bud but truth is that the ultimate impact on the Nigerian investor is more than grievous. Let’s learn to call a spade, spade. What’s the technical interpretation of CBN’s move? When a regulator takes charge: 1. When a regulator moves to effect a change in the board of directors and the management of any institution, it is like a military takeover of a democratically elected government. In other words, in Skye Bank Plc as I write this, the board of directors and management that were duly elected and ‘sworn in’ by the bank’s shareholders are gone and since he that pays, in this case appoints, the pipers- board and management, dictates the tune; in the real sense of it, the new board of directors and management of Skye bank Plc are not responsible to the bank’s shareholders but the Central Bank of Nigeria. Simply stated, responsibilities, loyalty, focus, purpose, strategy, aspirations and targets of the new board and management are bound to be totally different from the previous hence, the Skye Bank Plc as you read this, is different from the Skye bank Plc that lived until 9a.m of Monday July 04, 2016. Of course, the new board and management of Skye bank Plc could and will definitely hold meetings with existing shareholders but under the supervision of the CBN. Such meetings would not also be to discourse investors’ benefits but how more funds could be injected to safe the institution from total collapse. Now, how much funds are we looking at here? Do the investors really have that kind of funds? In the Buhari’s Nigeria of 2016? Even if the investors do, will they be willing? If it is so easy to raise funds, why didn’t the Tunde Ayeni led board do so? Hmmmmn! 2. When a regulator, like the CBN changes the board of directors of an institution, it is not always primarily with the interest of the shareholders at heart but the depositors. The CBN wasn’t established to protect investors’ interest but depositors’ funds in banks. Please note that investment in a company- bank or otherwise is a risk. It is a pity but it is the truth that at a time, such as this, shareholders are simply ‘on their own’. Perhaps, if the Securities and Exchange Commission had moved in first, shareholders’ protection and interest would have been the top priority but not so with the CBN whose primary objective is to ensure the safety of deposits no matter how little. Technically, as at today, every investor in Skye Bank Plc stands to lose except for strokes of luck. Alas, it saddens but the reality is that these new men at the helms of affairs in Skye bank Plc aren’t appointed to ensure that dividends are paid but to ensure that depositors’ funds are protected. Thanks to the CBN for the maturity displayed. We know that the entire board of directors and top management of the bank weren’t sacked but they all magnanimously resigned. Hmmmn. We know but then, we also know that Skye Bank Plc is simply taken over. It is true that Skye Bank Plc wasn’t nationalized. The CBN hasn’t said that the bank’s shareholders’ fund is at a zero level. That would have been an auto piloted end to shareholders possibilities in the bank but if care isn’t taken, at this juncture, the distance to a total loss of investment in Skye Bank Plc is nearer than realized. What are the tasks before the new men at the helms of affairs in Skye Bank Plc? CBN’s pronouncement could be coined in whatever tongue, dialect and language but the major task before the new men in Skye Bank Plc is to protect depositors’ funds in the bank by recapitalization and really, that’s where the major issue is- what manner of recapitalization? Let me show you the available options. Please note that the very first step is to subsequently make open the real state of affairs in Skye Bank Plc. Now we shall know all the hidden figures and the facts behind them. That, which has been kept secret from public glare will sure come into the open. Can of worms is about to be released. We will now know how well the shareholders’ funds had been eroded relative to what we’ve been made to believe in the books of accounts over the years. Assets valuation and revaluation will now be carried out to see the exact position. Thereafter, the amount required to resuscitate the institution will be stated. From that point, every investor should know what he or she stands. 1. Existing shareholders will be approached to increase the bank’s share capital by the injection of fresh funds. Public offering, rights issue and other forms of instruments might be suggested. If this is successful, the bank sure gets back into the hands of the shareholders. What if not? 2. If there is much delay in raising funds from the existing shareholders, the CBN might inject own funds to bail out the bank. At that, it is bye-bye to shareholders as the CBN thereafter reserves the rights to transfer ownership to desired buyer. 3. The CBN might also through the newly constituted board, as the last available option, search for a core investor. Expectedly, due diligence will be conducted by the core investor and offers made. Please note that at that level, existing shareholders’ don’t have any say. It is also pertinent to state that such funds as will be generated from the core investor are primarily meant for the recapitalization of the bank. A new name might emerge, the existing name might also be retained but direct financial benefits can only accrue to existing investors if the core investor is interested in buying existing shareholders out. Going by precedence in our market, the core investor, on the strength of the funds injected will come out with a ridiculously low valuation in favour of existing shareholders in the new and now recapitalized institution. Lest we all forget, what such arrangements had always brought the Nigerian investors had been frustration. So, the next time you check your post office box, don’t be surprised to see a certificate bearing your name with say like 10 units from your previous holdings of 2,500 units of Skye Bank Plc shares. Hmmmn, such is life. Skye Bank Plc….. Still Hacuna matata? How I wish but I don’t think so because I’m now very worried. Life is really transient. Investment in the stock market is such a lesson in life. Let’s hope for the best. Long live the Nigerian stock market! |
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