DeRuggedProf:



If you are interested in joining the party early, do it cos irts not late yet and find out reasons later why the drums are beating hard and fast. The trend is on..... .
FXUSER has always pointed the way.
NOTE: FXUSER never recommends. He only weighs the scales.... .
I leave us with quote below:

Vincent5231:
2500$ bitcoin for sale. At 490/$


What'sap 08145492860

fxuser:

Zenith board meeting to hold on the 24th
http://www.nse.com.ng/Financial_NewsDocs/16116_ZENITH_BANK_PLC_BOARD_ANNOUNCEMENT_CORPORATE_ACTIONS_JANUARY_2017.pdf

stokfrick:


I believe this trend of early board meetings is in response to the renewed enforcement of the NSE guidelines on publishing of results. And with d banks setting d pace as usual, others r most likely to follow. Meaning that we r most likely to see results earlier than normal on the NSE!

Godisfaithful:


I greet all my NSEMPAs' family. I hope everyone enjoy there Christmas and New Year holiday. Certainly, this year must remains favor to us and our household. Back to business, Concerning stock market, everyone (Including me) opinion is neither right nor wrong when emotions, fate, fear, and fortune are involved. My only simple advise is that let's thread carefully with all this companies especially the banks before making our BUY decision. The coast is not that clear when it comes to our(NIGERIA) economic policy. Remember, there's always a BULL market somewhere when your entry price is right so you don't have to be worry. "DON'T RUSH A BUY DECISION THAT MIGHT COST YOU...WE STILL HAVE A LONG WAY TO GO"

Once again, I'm wishing us all blessed and favorably 2017!!!

Godisfaithful:


I greet all my NSEMPAs' family. I hope everyone enjoy there Christmas and New Year holiday. Certainly, this year must remains favor to us and our household. Back to business, Concerning stock market, everyone (Including me) opinion is neither right nor wrong when emotions, fate, fear, and fortune are involved. My only simple advise is that let's thread carefully with all this companies especially the banks before making our BUY decision. The coast is not that clear when it comes to our(NIGERIA) economic policy. Remember, there's always a BULL market somewhere when your entry price is right so you don't have to be worry. "DON'T RUSH A BUY DECISION THAT MIGHT COST YOU...WE STILL HAVE A LONG WAY TO GO"

Once again, I'm wishing us all blessed and favorably 2017!!!

locodemy:
Good day fxuser.pls i will like you to display the technicals and bullish sentiments on these two banks.........sterling and Diamond bank.i am really in need of both.thanks.

Coolcash1:
@holms, impressive narrative as always and you never disappoint me...

I quite agree that the boisterous risk-free rate on guilt egde securities is adequate for deposit money banks in not creating credit...Its suffient for any bank to just turn it into ATM because of the guaranteed huge return. Although the objective of CBN coming up with such policy was to woo foreign portfolio investors, to me has been defeated..Thus, there is need for Emefiele to sit back and retrace his steps by changing the policy to a favourable and growth-induced one that aligns and support various fiscal measures of the government.

You said only banks will be profitable to invest in this year, this is wrong. Not all of them are healthy for Investment because some are down and only drastic Strategic measure in form of M&A, share reconstruction, etc can revive them...Don't forget also that cetris paribus, cement manufacturing, oil and gas including agric would IMMENSELY be profitable... Thus, I see them as game changers too.

Again, i say nice post.


the elephant in the room remains the fx policy !

fxuser:


Sterln & Diamond

both are bearish
both are trading below below 200 dma (long term trend)
both are trading below below 50 dma (short term trend)

both show a positive divergence
- sp is making lower lows but RSI / Macd is not. (This may take days or weeks or months to fully materialise

Set up
-diamond has a better set up
- RSI is sloping upwards, coming from an oversold region but still below 50


Charts
- charts may clog up the screens here oh.

locodemy:
Good day fxuser.pls i will like you to display the technicals and bullish sentiments on these two banks.........sterling and Diamond bank.i am really in need of both.thanks.

ExLaidback:


To fully understand whats happening to Sterling and Diamond, you have to consider their fundamentals and not even technicals, though both are required on the long run.

Sterling's TCI (Total Comprehensive Income) is in a loss position while Diamond is feared to produce a bad result, maybe even a loss in their FY2016. I'm of the opinion that any rally there can easily result in a trap, so until insider news filters in of their results, one may not expect a true change in their SP position. I also expect them to be among the banks that would delay their result this year. Lastly there are fears that there may be mergers or restructuring in the banking sector this year so...traders should tread carefully...

Since banks results (good ones) are going to come in much earlier this year going by the trend being set by Access, GTB, Zenith et al, I guess then that FCMB would rally much much earlier than I previously anticipated, hence time to reload.

locodemy:


Hm! This is nice article.i think i have to stay clear from some of these tier2 banks until the coast is cleared.For fcmb,everyone is aware of its recent fortunes and thats why the volume and price actions speaks for it.thanks sir.

angelo82:


I think you should stay away from Diamond but sterling just don't buy more than 1M units and you could make 100% on it.That stock is a solo/juju stock.

locodemy:


observed but what of if it doesnt respond as you supposed?
secondly,what of the illiquidity of the stock?

angelo82:


Illiquidity is not the problem but market maker has created a margin that you can sell because is very hard to sell at a prevailing rate.The good thing is to buy it low and sell in the medium term higher.The fundamentals of the stock is not as bad as that of Diamond but don't expect the level of activity of fcmb in Sterling.

Coolcash1:
@holms, impressive narrative as always and you never disappoint me...

I quite agree that the boisterous risk-free rate on guilt egde securities is adequate for deposit money banks in not creating credit...Its suffient for any bank to just turn it into ATM because of the guaranteed huge return. Although the objective of CBN coming up with such policy was to woo foreign portfolio investors, to me has been defeated..Thus, there is need for Emefiele to sit back and retrace his steps by changing the policy to a favourable and growth-induced one that aligns and support various fiscal measures of the government.

You said only banks will be profitable to invest in this year, this is wrong. Not all of them are healthy for Investment because some are down and only drastic Strategic measure in form of M&A, share reconstruction, etc can revive them...Don't forget also that cetris paribus, cement manufacturing, oil and gas including agric would IMMENSELY be profitable... Thus, I see them as game changers too.

Again, i say nice post.

holm:



Thanks for the compliment, My Oga,

My bad, the bolded is what i summarized in this hashtag ( #i-pity-fringe-players-in-all-sectors-of-our-economy ) I should have explained. Big players in individual sectors will devour all fringe players, please watch Access bank director say they have gotten more corporate accounts from fringe banks in 2016. Will MTN, Cocacola, Dangote babies keep account in the likes of Skye bank and be rewarded with maybe 50,000 cash back if the bank goes under; D ( I laugh in CAPSLOCK )

Market leaders such as Flourmill gained market share as alluded to by the CEO in 2016. Dangote Flour/Sugar is big players in the North. With BH decimated, and, Buhari/CBN/Osinbajo in the "President to the President & Governor to the Governor" pocket (Dangote). If they don't play, Dangote will just announce that the refinery will not be ready till after election in 2019 (as they say, the rest is history: D ).

My Oga, the list goes on and on. Total Petroleum will win in 2017, it will wipe out all fringe guys in due time( Ayo petroleum, Aruna petroleum and Uche petroleum). Our laws are great for entrenching monopoly.

To be clear, only FCMB, amongst the tier 2 names, is where i'll place my bet for the FY16 result.

http://www.cnbcafrica.com/video/?bctid=5215929981001

locodemy:
i have made up my mind to buy a particular stock on monday after 3 hours proper due diligence.......it is a tier2 bank.........it is not as risky as skye bank.....my stock broker has also recommend it .........if i perish i perish..........my people i wont hide anything..........it is STERLING BANK or nothing.

i nominate fcmb,sterling bank as winners come 2016 fye results for tier2 banks and juju bank stocks for 2017.

DeRuggedProf:


Your broker will make you go broke....
NB: Just joking. I have no idea here.

locodemy:


No,they dont deceive.

locodemy:
i have made up my mind to buy a particular stock on monday after 3 hours proper due diligence.......it is a tier2 bank.........it is not as risky as skye bank.....my stock broker has also recommend it .........if i perish i perish..........my people i wont hide anything..........it is STERLING BANK or nothing.

i nominate fcmb,sterling bank as winners come 2016 fye results for tier2 banks and juju bank stocks for 2017.

holm:

#
http://www.cnbcafrica.com/video/?bctid=5215929981001

fxuser:

+++


Fav: '' The strong will get stronger in times of crises ''

#WOW