Diamondbank
- opens above N1.00 for the first time in a long while
- sellers have shifted their goal post

Fidelity
- still testing 90kobo resistance
- 20dma just about to cross 50dma
- rsi above 50
- umm


FCMB
-pull back in play
- new support at 1.20 region

Average up winners not losers

fxuser:

Diamondbank
- opens above N1.00 for the first time in a long while
- sellers have shifted their goal post

Fidelity
- still testing 90kobo resistance
- 20dma just about to cross 50dma
- rsi above 50
- umm


FCMB
-pull back in play
- new support at 1.20 region

Buying back fcmb at 1.15 is not bad since i have some units sold at 1.28..........

fxuser:
Average up winners not losers

locodemy:


Buying back fcmb at 1.15 is not bad since i have some units sold at 1.28..........

seems support is ard +1.20

fxuser:

seems support is ard +1.20

pls kindly help us downgrade it..............i need it 100% portfolio soonest.

OBAGADAFFI:


Special account is also from CSCS.

You can only sell through the account.

https://www.cscsnigeriaplc.com/home/specialaccount

Special Account

Investors are able to have special stock accounts separated from those under the stockbroking firms through which they can have full control and management of their shareholdings in CSCS System…


Account Opening
A shareholder can become a member of special account holder in cscs System by collecting a free Special Account Form from CSCS office. The Form is filled and submitted to CSCS with the required fee of =N=5,000.00 for individual stock account or =N=10,000.00 for Corporate stock account or Family account. A signature mandate card is required to be completed by the investor for future transactions or correspondences with CSCS. These arrangements ensure that the special account can only be operated strictly on the owner's instruction through the mandate instruction in CSCS

At the point of opening the account in CSCS System following the submission of the completed form, the investor's stockholding under different stockbroking firms are consolidated in to the special account, using the detachment form containing the various stocks and duly signed by the resident stockbroking firm(s) and the investor.


Subsequent Sales
An investor intending to sell parts or whole shares in the special account is expected to communicate to CSCS by filling the sale detachment form. Only the signature(s) on the mandate card is/are to be appended on this, specifying the only quantity of shares expected to be moved and also stating the selling stockbroking firm of the investor's choice. The form must also be signed by the selling stockbroking firm.


Subsequent Buys
Subsequent purchases of stocks are made by the stockbroking firms according to the mandate of the investor. Such buys can be moved into the investor's special account by the stockbroking firm or alternatively via a completed detachment form, jointly signed by the two parties and submitted to CSCS by either party for processing.

Benefits

Various shares bought from different stockbroking firms are consolidated into one account.
Shares are now under the control of the investor only.
The Brokers can only have access to the quantity the investor wants him to see or have access to.
Brokers can make purchase on behalf of their clients and instruct CSCS to move same to the special accounts of the investors. Note that only the investor can move shares out of the special account.
Stock positions of special account holders can be sent directly to investors by CSCS

As in it's different from The normal cscs account which most investors have

Who will cross 90 kobo first ?
a) Transcorp b) Fidelity c) Sterling bank

Elume !!

Oando
- on full BID for now

N499 to $1 at the moment...

IdrisAdebiye:
My thoughts on FCMB:

1. By end of this month, FCMB will release their 1st Quarter result which most likely wont be a bad one (remember that the anticipated bad result is for 2015 year end).

2. What some investors are doing is called Positioning. That is, buying now at N0.68k (and some are praying it will crash further to sub N0.60k) not because they are buying to get dividend but only buying against the future -half year (which is in 4 months time)

3. By half year, EPS (earning per share) would be in the range of 50k and the price would move to about N1.30k which is almost 100% return for the investors that would enter after now.

Note, the Bank will not die, its a going concern. They have a challenge with bad loans and they'll take the provision and move on.

Ask yourself, those that would wait for 6 months and make 100% or more, are they really 'stupid'?

This is not a 'buy' recommendation in any way. I just wanted to add my voice to the on-going discourse.

Thank you

This chap had some super banter
FRIDAY #Throwback
FCMB banter March 2016
Page 1370 - 1375

Godisfaithful:
N499 to $1 at the moment...

my08joy ..chopping $$

Nigerian Brew
- leading d Volume charts
- +19m units traded (N2,76bln )

lancee:



my08joy ..chopping $$

Stressfree money my brother

Godisfaithful:



Stressfree money my brother

BDC

lancee:



BDC

Sir Lancee, don't forget what the former CBN governor (Sanusi) said sometimes last year; He said the current CBN policy on foreign exchange market is creating emergency billionaires in Nigeria and something fast needs to be done. And believe me, this government wouldn't listen. They should continue...

market closes

Fidelity
- unable to break over the 90kobo fence after 16m units
- to continue next week

Diamond
- breaks into 1.10 on buying pressure

Ucap
- back and forth but buying pressure pushing price back to 3.30 levels

UBA
- increased buying pressure , testing 5.00

Zenith
- dropped to 15.26 , buyers came in later to push back above 15.50 ,

GTB
sellers in control

Pls fxuser.........check to see if sterling bank is likely to close @0.80kobo today.......
i asked my broker not to buy above 0.75.......i dont know if they are the one bidding this stock or other brokers

i confirmed 1m units bought for me yesterday @0.77 kobo.

stocks with new 52 week lows
Guinness #73.02k
JB #34.83k
stocks with new 52 week highs

tourist company #3.68k
access bank #6.69k

fxuser:
Who will cross 90 kobo first ? a) Transcorp b) Fidelity c) Sterling bank

what does the chart say about the three?

look deep pls
top 10 movers by volume for today
NB 19,639,720 avg dly vol 13 wk 1,791682.71

fidelity 16,970,610 avg" " 13 wk 6,377,233.37

diamond 13,013,110 " " " 13 wk 15,681,110

ucap 10,991,583 " " dly vol 13 wk 5,516,857.10

Transcorp 10,121,159 " " 13 wk 10,073,426.02

fbnh 10,012,674 " " " 13 wk 12,003,896.87

Uba 8,607,644 " " " 13 wk 13,106,349.92

air service 7,749,715 " " 13 wk 374,957.55

access 6,514,206 " " 13 wk 10,395,909.82

cap 6,314,489 " " 13 wk 323,725.77

watch some volume growing.

look deep pls
top 10 movers by volume for today
NB 19,639,720 avg dly vol 13 wk 1,791682.71

fidelity 16,970,610 avg" " 13 wk 6,377,233.37

diamond 13,013,110 " " " 13 wk 15,681,110

ucap 10,991,583 " " dly vol 13 wk 5,516,857.10

Transcorp 10,121,159 " " 13 wk 10,073,426.02

fbnh 10,012,674 " " " 13 wk 12,003,896.87

Uba 8,607,644 " " " 13 wk 13,106,349.92

air service 7,749,715 " " 13 wk 374,957.55

access 6,514,206 " " 13 wk 10,395,909.82

cap 6,314,489 " " 13 wk 323,725.77

watch some volume growing.

i thought FO will be down today so i can mopp.

Intendy:
look deep pls

top 10 movers by volume for today

NB 19,639,720 avg dly vol 13 wk 1,791682.71


fidelity 16,970,610 avg" " 13 wk 6,377,233.37


diamond 13,013,110 " " " 13 wk 15,681,110


ucap 10,991,583 " " dly vol 13 wk 5,516,857.10


Transcorp 10,121,159 " " 13 wk 10,073,426.02


fbnh 10,012,674 " " " 13 wk 12,003,896.87


Uba 8,607,644 " " " 13 wk 13,106,349.92


air service 7,749,715 " " 13 wk 374,957.55


access 6,514,206 " " 13 wk 10,395,909.82


cap 6,314,489 " " 13 wk 323,725.77


watch some volume growing.

Intendy pls where do u get average daily volume from?

fxuser:
Access
- since breaking prev resistance at 5.80
- broke thru another resistance at 6.50
- a close above 6.50 is positive
- expect pull back next week
- RSI in the 70 , strong +ve sentiments
- 20dma well above 50dma
- sit tiight

I need Access in =N=8 to =N=9.00 region, holding tight and strong faith that it can reach that price.

Intendy:
look deep pls

top 10 movers by volume for today

NB 19,639,720 avg dly vol 13 wk 1,791682.71


fidelity 16,970,610 avg" " 13 wk 6,377,233.37


diamond 13,013,110 " " " 13 wk 15,681,110


ucap 10,991,583 " " dly vol 13 wk 5,516,857.10


Transcorp 10,121,159 " " 13 wk 10,073,426.02


fbnh 10,012,674 " " " 13 wk 12,003,896.87


Uba 8,607,644 " " " 13 wk 13,106,349.92


air service 7,749,715 " " 13 wk 374,957.55


access 6,514,206 " " 13 wk 10,395,909.82


cap 6,314,489 " " 13 wk 323,725.77


watch some volume growing.

FO Giving people high bp since 1900.i had the canadian sisters are about to release the nudes of femi otedola?will this affect fo' currentprice?currentprice over to u.

DOLLARTEX:
FO Giving people high bp since 1900.i had the canadian sisters are about to release the nudes of femi otedola?will this affect fo' currentprice?currentprice over to u.

i hope it get down to 50$.

DOLLARTEX:
FO Giving people high bp since 1900.i had the canadian sisters are about to release the nudes of femi otedola?will this affect fo' currentprice?currentprice over to u.

DOLLARTEX:
FO Giving people high bp since 1900.i had the canadian sisters are about to release the nudes of femi otedola?will this affect fo' currentprice?currentprice over to u.

Hello passwelle