abeg let me know when the pull back is strong enough

Willie2015:


This is what I was waiting for initially... just need strong pull back for tier one banks
Access
GTB
Zenith

zendi:


prospectiveclient@morgancapitalgroup.com

thanks for the info... i sent them a mail since yesterday but they are yet to reply me.

please is there anyone here that is based in benin city? i would have love to meet the person one on one because i stay in benin city too....

mimi2015:
please is there anyone here that is based in benin city? i would have love to meet the person one on one because i stay in benin city too....

Mimi my sister, I will advise you to be very mindful of how you make your online social request because this forum is anonymous and some dubious character among us will like to take an advantage of your naivety to manipulate and dupe you of your hard earned currency. Pls exercise extremely caution in the way u conduct yourself, so to avoid telling us the stories that touch the heart.
You have written to Morgan capital? I will advise you to wait patiently for their reply and follow all their instructions. Being a young lady, I will advise you to shun any physical contact with characters you barely know too well.

It is well..

myjoy085:


Mimi my sister, I will advise you to be very mindful of how you make your online social request because this forum is anonymous and some dubious character among us will like to take an advantage of your naivety to manipulate and dupe you of your hard earned currency. Pls exercise extremely caution in the way u conduct yourself, so to avoid telling us the stories that touch the heart.
You have written to Morgan capital? I will advise you to wait patiently for their reply and follow all their instructions. Being a young lady, I will advise you to shun any physical contact with characters you barely know too well.

It is well..

thank you so much for the advice!

myjoy085:


Mimi my sister, I will advise you to be very mindful of how you make your online social request because this forum is anonymous and some dubious character among us will like to take an advantage of your naivety to manipulate and dupe you of your hard earned currency. Pls exercise extremely caution in the way u conduct yourself, so to avoid telling us the stories that touch the heart.
You have written to Morgan capital? I will advise you to wait patiently for their reply and follow all their instructions. Being a young lady, I will advise you to shun any physical contact with characters you barely know too well.

It is well..

nice advice

myjoy085:


Mimi my sister, I will advise you to be very mindful of how you make your online social request because this forum is anonymous and some dubious character among us will like to take an advantage of your naivety to manipulate and dupe you of your hard earned currency. Pls exercise extremely caution in the way u conduct yourself, so to avoid telling us the stories that touch the heart.
You have written to Morgan capital? I will advise you to wait patiently for their reply and follow all their instructions. Being a young lady, I will advise you to shun any physical contact with characters you barely know too well.

It is well..

Bros U took this from my mouth.
The way she was excited abt investing and this forum almost made me to call her attention...Nice advice Bro

An attempt to establish a connection between human stature and investment decision making.

http://www.marketwatch.com/story/why-fat-and-short-investors-struggle-in-the-stock-market-2016-10-07?link=sfmw_fb

I really hop n prayed dat dis week wil bring gud returns to us in d haus. Hapi investi n trading 2 u

I wonder what this week holds for Oando faithfuls!!!

The fundamentals for OANDO are not good, but you never know what they might spring up.Not a recommedation to buy or sell.

NSE gives 142 companies Oct. 31 deadline on earnings report
http://thenationonlineng.net/nse-gives-142-companies-oct-31-deadline-earnings-report/

The Nation’s investigation at the weekend showed that of the 144 companies that are expected to submit their reports, only two have done so. The early filers were United Capital Limited and Infinity Trust Mortgage Bank Plc.

cadno:

See how United capital Ucap take rush out their good Q3 result...lol

OBAGADAFFI:


Skye bank is the Oando of the banking industry. Until they settle their bad loans, noting good will come from Skye bank

Sirs you are on point

mimi2015:



thanks for the info... i sent them a mail since yesterday but they are yet to reply me.

Hopefully you will get a reply today, you hardly get replies on weekends generally.

Proj Q3 pbt

- GTB >100bn
- Zenith >100bn
- Access > 50bn
- UBA <40bn

#imo #safeHaven

fxuser:
Proj Q3 pbt
- GTB >100bn
- Zenith >100bn
- Access > 50bn
- UBA <40bn

#imo #safeHaven

hello chief

what informed ur opinion that UBA wld ve <40b for q3 result when it already has 32.6b PAT and 88.78b total comprehensive income as at q2?

wld appr8 if u share so i wld not be blind sided

fxuser:
Proj Q3 pbt

- GTB >100bn
- Zenith >100bn
- Access > 50bn
- UBA <40bn

#imo #safeHaven

is this what you see the time you are sleeping? zenith and gtb are not upto 80bn .

Oga @FXUSER perhaps you're envisaging high net gain through FX transactions? But if that's the case why you go put UBA at less than N40B, they have good net FX Asset like the rest.






$$$

ExLaidback:
Oga @FXUSER perhaps you're envisaging high net gain through FX transactions? But if that's the case why you go put UBA at less than N40B, they have good net FX Asset like the rest.

$$$

- yes ur right on fx gain. if we rank fx gains, UBA will be 4th
- also with fx gains comes NPL growth too.
- its just a conservative projection ! cud be very wrong

http://www.bloomberg.com/news/articles/2016-10-10/nigerian-banking-industry-seen-in-full-blown-financial-crisis

I dont seem to get the full gist in this news. Is FBNH going kataput? Or it is just noisemaking as usual.

rebekah2011:
http://www.bloomberg.com/news/articles/2016-10-10/nigerian-banking-industry-seen-in-full-blown-financial-crisis

I dont seem to get the full gist in this news. Is FBNH going kataput? Or it is just noisemaking as usual.

Indeed, the banks are bleeding. No thanks to the harsh TSA policy of the FG. To avert looming financial and economic disaster, the CBN needs to bring back public deposits mopped away under TSA guise to strengthen the system. There is no sense in keeping the funds in JP morgan (yielding benefits to US economy) when our banks are on life-saving machine due to weak deposits. Besides, when the funds are returned it will enable the banks to play their role effectively as growth-engine and economic booster through credit mechanism. Thus, i will suggest the CBN (just like prof SOludo did) allocate at least 5-10% of our reserves to local banks for keep while the rest can be kept offshore.

My take.

rebekah2011:
http://www.bloomberg.com/news/articles/2016-10-10/nigerian-banking-industry-seen-in-full-blown-financial-crisis

I dont seem to get the full gist in this news. Is FBNH going kataput? Or it is just noisemaking as usual.

bro nothing strange in the report.my only issue is fbnh will hardly go bankrupt but it's possible.

I've been exiting most banks @ good profit.
better miss the dividend and capital appreciation than loose your cash.

when the coast isn't clear you either don't commence the journey or retract your step.

only gtb and zenith qualify now.but both are still expensive to me

Coolcash1:


Indeed, the banks are bleeding. No thanks to the harsh TSA policy of the FG. To avert looming financial and economic disaster, the CBN needs to bring back public deposits mopped away under TSA guise to strengthen the system. There is no sense in keeping the funds in JP morgan (yielding benefits to US economy) when our banks are on life-saving machine due to weak deposits. Besides, when the funds are returned it will enable the banks to play their role effectively as growth-engine and economic booster through credit mechanism. Thus, i will suggest the CBN (just like prof SOludo did) allocate at least 5-10% of our reserves to local banks for keep while the rest can be kept offshore.

My take.

CBN needs to do some tweaking like you've said.

Moody's: Top five Nigerian banks face common credit challenges ahead

London, 10 October 2016 -- While Nigeria's five biggest banks share common credit challenges related to the slowdown in Nigeria's oil and gas dependent economy, their ability to withstand weak economic growth and volatile monetary conditions varies, Moody's Investors Service said in a report published today.

The banks -- Zenith Bank Plc (Zenith) (B1 stable, b1), Guaranty Trust Bank Plc (GTBank) (B1 stable, b1), Access Bank Plc (Access) (B1 stable, b2), United Bank for Africa Plc (UBA) (B1 stable, b2) and First Bank of Nigeria Limited (FBN) (B2 negative, b3) -- have all been affected by the weakening domestic operating environment following the prolonged period of lower oil and gas prices.

The more challenging environment, coupled with Moody's view of the high likelihood of support from the Nigerian government (B1, stable), largely explains the narrow range of issuer ratings of the five banks.

"However, despite shared credit challenges, there are differences among the banks in terms of their respective abilities to withstand weak economic growth and volatile monetary conditions, which are reflected in their differing baseline credit assessments (BCAs) that range from b1 to b3," said Akin Majekodunmi, a Moody's Vice President -- Senior Analyst and co-author of the report. "Overall, Moody's views Zenith and GTBank as best placed to cope, followed by Access and UBA, and then FBN."

The publication of the peer comparison report follows Moody's announcement on 15 September that the ratings agency has assigned first-time ratings to Zenith, GTBank, UBA and FBN, which account for approximately 48% of Nigeria's banking assets.

Looking across the whole of the Nigerian banking sector, Moody's expects non-performing loans (NPLs) to increase to around 12% over the next 12 months, compared to the 5% as of December 2015 recorded in central bank data. The forecast rise in NPLs stems from lower oil prices, a weakening naira, slower GDP growth and rising inflation.

Likewise, the agency expects foreign currency deposits, which have fallen around 30% since the start of 2015, to stabilise over the next 12 to 18 months as the impact of lower oil prices and the central bank's adoption of a Treasury Single Account fades.

Moody's expects loss-absorbing capital buffers to hold steady on account of muted loan growth of around 5-10% over the next 12 to 18 months. However, as a result of this weak loan growth, net interest income and fee and commission income will remain depressed.

On the upside, Nigeria's economic potential remains strong and continues to attract investment. Depositor confidence and local currency buffers at the banks also remain robust.

The report, "Zenith, GTBank, Access, UBA and FBN -- Peer Comparison of First Tier Nigerian Banks -- Challenging Operating Conditions Ahead", is available on www.moodys.com. Moody's subscribers can access this report using the link at the end of this press release. The research is an update to the markets and does not constitute a rating action.

End Quote

Link:
https://www.moodys.com/research/Moodys-Top-five-Nigerian-banks-face-common-credit-challenges-ahead--PR_355842?WT.mc_id=AM~UmV1dGVyc05ld3NfU0JfUmF0aW5nIE5ld3NfQWxs~20161010_PR_355842


- #NothingNewHere

Putin Says Russia Ready to Freeze or Even Cut Output With OPEC

http://www.bloomberg.com/news/articles/2016-10-10/president-vladimir-putin-says-russia-ready-to-freeze-or-even-cut-oil-output?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

and the game continues...

Oando oya...

Brent Crude at 52.65

stocks with new 52 weeks low
paint and coating #0.88k
Vitafoam #2.65k
ccnn #5.70k
Guinness #79.83k
no new 52 weeks high

feelamong:
Putin Says Russia Ready to Freeze or Even Cut Output With OPEC

http://www.bloomberg.com/news/articles/2016-10-10/president-vladimir-putin-says-russia-ready-to-freeze-or-even-cut-oil-output?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

and the game continues...

Oando oya...

Brent Crude at 52.65

Now brent crude oil. ..$53,83

50 Customers own Nigerian bank's 5.23 Trillion, CBN . not only FBNH .

On Thursday/Friday when UCAP may trade at it's lowest price for the next 2 months (at a likely price of N2.3x), you may want to buy. This is taking into consideration, the improving energy price situation worldwide and assuming Niger Delta Avengers will calm down at least for now.

Also most stocks that would produce good Q3 would not trade as low as they are trading now till late December or early next year i.e. you may be seeing their lowest prices for a full quarter.

This is a buy recommendation for UCAP. Yes. Please buy it let it swell. Thank you.
Short to mid-term traders kindly take note.

#ForecastofLife

Where's The $7billion Placed In 14 Banks By Soludo? Henry Boyo

https://www.nairaland.com/3398899/wheres-7billion-placed-14-banks


E Don be......