Forte Oil

no bids
sp drops to 78.54

fxuser:

Forte Oil

no bids
sp drops to 78.54

NSE is a Fraud !!
Imagine FO , from N340...

cadno:

NSE is a Fraud !!
Imagine FO , from N340...

Don't blame NSE, most of these companies got bad corporate governance

Remember Oando was once selling high until Tinubu started venturing into other things.

Intendy:
The equity price of ETERNA PLC was adjusted today 22nd of November 2016 for a dividend of N0.25 as declared by the board of directors. The last close price was N3.15, hence the ex-div price N2.90. Please be guided accordingly.

Is It safe to JumpOut of ETERNAL today?

OBAGADAFFI:


Is It save to JumpOut of ETERNAL today?

I don't think I will exit eterna for now (to go where), the 25k div they paid now is for 2015 financial year. With a good Q3 2016 (1.29k), I will still stay and probably buy more (when Morgan comes back after their long and compulsory vacation).

My opinion though.

OBAGADAFFI:


Is It save to JumpOut of ETERNAL today?

like itslate bro.u are most likely going to vomit the dividend before u can disembark,except u have "agbero" broker

strictly from trading or perspective

Intendy:


like itslate bro.u are most likely going to vomit the dividend before u can disembark,except u have "agbero" broker

strictly from trading or perspective

Oga i have started vomiting the dividend o.

Its below N3 already.

kolaish:
I don't think I will exit eterna for now (to go where), the 25k div they paid now is for 2015 financial year. With a good Q3 2016 (1.29k), I will still stay and probably buy more (when Morgan comes back after their long and compulsory vacation).

My opinion though.

Oga, My stop-loss on this stock is 10%, anything more than that is bad.

stocks with new 52 weeks low
sterling bank #0.70k
transcorp #0.67k
PZ #14.49k
Wema bank #0.51k
uac properties #2.67k
FO #74.62k
stock with new 52 weeks high
Mobil #195.01k

CBN just retained MPR @14%

is this good or bad for the market?

OBAGADAFFI:
CBN just retained MPR @14%

jideflash:
is this good or bad for the market?

Not so good but at least market will have a direction from now on.

jideflash:
is this good or bad for the market?

BAD.

It means interest rate is not coming down, and inflation will remain high.

It has totally lost control of the economy.

[quote author=Intendy post=51269047]stocks with new 52 weeks low
sterling bank #0.70k
transcorp #0.67k
PZ #14.49k
Wema bank #0.51k


Wema SP just dropped below Unity bank loll !

angelo82:


Not so good but at least market will have a direction from now on.

OBAGADAFFI:

BAD.
It means interest rate is not coming down, and inflation will remain high.
It has totally lost control of the economy.

The road ahead is far...The CBN (Monetary policy maker) is not transparent in dealing with Nigeria situations at the moment. As long as they still pegged the Naira, we would continue to see the market tanked and stagnancy of the economy. No investors (foreign) would bring their currency to a country where the federal government is contrarian. This government don't get it at all

Godisfaithful:


The road ahead is far...The CBN (Monetary policy maker) is not transparent in dealing with Nigeria situations at the moment. As long as they still pegged the Naira, we would continue to see the market tanked and stagnancy of the economy. No investors (foreign) would bring their currency to a country where the federal government is contrarian. This government don't get it at all

Yhuup

yom2:
meanwhile i learnt that this new sec e dividend arrangement supercedes d former where u ll need to visit every registrar where u have shares. I was at my bank dis morning:; and all u are required is to.: list those registrars where u have shares, your share id number,your clearing house number and a passport photograph

It's easy that way if you bought through the primary market.

hello every1, i will need an assistance from any stockbroker in the house. My dad has a lot of share certs lying wasteful @ home and i am a novice in the stock market. I would really like to make them resourceful but don't know how to start...looking forward to a reply, THANKS

OBAGADAFFI:


BAD.

It means interest rate is not coming down, and inflation will remain high.

It has totally lost control of the economy.

With this decision interest rates are definitely not going to come down, however there is an inverse relationship btw interest rates and inflation.

Seeing that the high inflation is largely due to the Forex crunch, reducing the MPR, hence other rates, only fuels higher inflation because we'll have more liquidity chasing fewer goods

One can argue that a rate reduction will reduce the cost of fund to manufacturers which in turn reduces the cost of production (and products) and ultimately reduce inflation.

However, I don't think this move will do much to ease the rising inflation given that we are talking about a 3,000+ basis point INCREASE in cost of foreign currency (devaluation) compared to a 200 basis point DECREASE in cost of fund.

These are my thoughts.

All you need is to open a cscs account with a stockbroking firm for your Dad. Investment one, csl, cashcraft, leadcapital are few examples you can PICK the necessary forms for your dad If he is the type that can not go himself, attached the usual kyc requirements - utility bill, means of id. then you need to take all the physical certificates to the stockbroking firm after the account is opened for verification and then with the stocks in the cscs you can do whatever with it - sale and get your money, trade or keep.
email me if you need further clarification. emmaowes@yahoo.com

emmasoft:
All you need is to open a cscs account with a stockbroking firm for your Dad. Investment one, csl, cashcraft, leadcapital are few examples you can PICK the necessary forms for your dad If he is the type that can not go himself, attached the usual kyc requirements - utility bill, means of id. then you need to take all the physical certificates to the stockbroking firm after the account is opened for verification and then with the stocks in the cscs you can do whatever with it - sale and get your money, trade or keep.
email me if you need further clarification. emmaowes@yahoo.com

thanks for the insight. will contact you now

Skye Bank may sell subsidiaries to boost capital
http://af.reuters.com/article/nigeriaNews/idAFL8N1DN4VM

we heard this before

Somebody kindly assist with meristem regisrtrars address and phone number.

Mpeace:
Somebody kindly assist with meristem regisrtrars address and phone number.

Meristem Stockbrokers Limited
Phone: +234(1)2717353, 2717354, 2717355, 0800MERISTEM
SMS Only: 08076767606

heard best performing PFA's have no holding in equities.
its all fixed income game for now and going forward
low volumes will persist for a while longer
Emefiele will likely maintain this forex status quo going into the new year
investors will also maintain siddon look

market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

fxuser:
market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

That's the change they voted for sir. It is very very unfortunate that since election, nothing good has come out from this government

fxuser:
market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

Remember this is the only time in a year that some stocks will go lower.An opportunity to buy while some people will be looking away.

fxuser:
market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

Only one stock is attractive here - GSK

Forte Oil
-drops further to N67.35
- some serz sell off ongoing

MAY & BAKER NIGERIA PLC. UNAUDITED FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2016. SEPTEMBER 2016 SEPTEMBER 2015 N'000 N'000 REVENUE: 5,944,052 5,283,825 COST OF SALES: (4,239,851) (3,530,963) PROFIT BEFORE TAX: 66,238 60,628 TAXATION (21,841) (19,401) PROFIT FOR THE YEAR: 44,397 41,227 EARNINGS PER SHARE (K) 4.53 4.21

fxuser:
market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

Ordinarily, I would buy Skye since it's now 50k but I remember that's exactly how I lost my savings back in 2011 through Starcomms (bought it at 50k and said what's the worst that could happen? Well the worst happened, company did share restructuring then disappeared till today) . So for now, have to look elsewhere...