GTB will likely pullback to N21 next week...

DeRuggedProf:
GTB will likely pullback to N21 next week...

On what basis? Hope you are not trying to monkey hunt oohhhh

Skye Bank Plc has notified the
Nigerian Stock Exchange (NSE)
of the voluntary resignation of
four of its Executive Directors
from the services of the bank. This is contained in a notification
letter signed by the bank’s
Company Secretary / General
Counsel, Mr Babatunde Osibodu
pasted on the NSE website on
Friday. The letter stated that the affected
directors were Mr Idris Yakubu,
Mrs Markie Idowu, Mrs Abimbola
Izu and Mr Bayo Sanni. It said that the directors had
served in the executive
management capacity for nearly
two years and had been part of
the new board of the bank which
came into being following the intervention of the Central Bank
of Nigeria on July 4 2016. The letter quoted Mr Tokunbo
Abiru, the bank’s Group
Managing Director, as saying that
the executive directors had
contributed immensely to the
successful leadership transition which commenced last year. The bank also “announced that
the new development does not in
any way affect the smooth
running of the bank .

safepaulooo:


On what basis? Hope you are not trying to monkey hunt oohhhh

I cant monkey hunt...I am always real....I am telling you 'HUNCHISTICALLY' where the SHAKERS (MEN IN BLACK..... ) are focusing to make the DIVIDEND and CAPITAL APPRECIATION make sense after they displace men of little faith from their positions. At times they take just 10mins in a trading session to achieve this and you never live to see that DIP again for months .... .
Hope you know it came below N23.00 during trading on friday.....Prepare for surprises ahead... .
Supports and resistances will be severely tested severally in strong stocks before that div is MERITED....
Fasten you seat belt...

DeRuggedProf:


Supports and resistances will be severely tested severally in strong stocks before that div is MERITED....
Fasten you seat belt...

lol at HUNCHISTICALLY but Spot on sir

GTB
- N21 is the next support to be tested
- Macd is dropping below Zero sig bearishness
- RSI dropped below 40 on Friday- bearish
- RSI broke a prev support trend line (line joing recent lows)
- big red candle with above avg volume on friday
- 20 dma is crossing below 50dma
- All this started after a failed breakout attempt at N26 levels , market pull a a FAKE OUTwen it opened at 25.60 (chk 27jan)

You are right , short term players shud BRACE indeed. Will d new support hold ? We wait and See

nice one

On my focus tomorrow:
- Diamond bank - No man dies twice, except a coward. I am not one.
- Zenith - dividend expectation, though too early, further pullback may occur.
- Transcorp - Purely speculative. I wish to find out if this is TRANS-CORP or TRANS-CORPSE ( the heat is different when your cash is involved)

THIS:

'' Supports and resistances will be severely tested severally in strong stocks before that div is MERITED...''
- @DeRuggedProf


#valid #FebOutLook

DeRuggedProf:
On my focus tomorrow:
- Diamond bank - No man dies twice, except a coward. I am not one.
- Zenith - dividend expectation, though too early, further pullback may occur.
- Transcorp - Purely speculative. I wish to find out if this is TRANS-CORP or TRANS-CORPSE ( the heat is different when your cash is involved)

Diamond has killed a lot of portfolios ohh !
the recent JIJO rally wa another sucker punch
that rally started when price broke out above 0.94 (2 doji's and 4 big green candles to 1.25)
Macd is back below Zero again ! the 4hr chart shows a better picture

fxuser:


Diamond has killed a lot of portfolios ohh !
the recent JIJO rally wa another sucker punch
that rally started when price broke out above 0.94 (2 doji's and 4 big green candles to 1.25)
Macd is back below Zero again ! the 4hr chart shows a better picture

what is your dividend outlook for FCMB?

fxuser:


Diamond has killed a lot of portfolios ohh !
the recent JIJO rally wa another sucker punch
that rally started when price broke out above 0.94 (2 doji's and 4 big green candles to 1.25)
Macd is back below Zero again ! the 4hr chart shows a better picture

The CASINO MACHINE has been reset abi.....

safepaulooo:


Perfect time for newbie. Get a good stockbroker for good transactions but don't trust any broker for decision making. If you follow this thread you'll see very good recommendations of stocks to buy now. Remember not to be controlled by greed when making a sell decision

Good evening Sir, please can you recommend a good stockbroker or advisor?? thank you

Nigerian mid-tier lender FCMB has sold 5.1 billion naira ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent,
http://af.reuters.com/article/nigeriaNews/idAFL5N1FO3LO

#banks #news #debt

Did you see my brother ?

manie:


.

hello sir, I sent you a mail.

Pls FXuser, whats the charts saying about SEPLAT.

Happy trading week beloved of the Lord

fxuser:

Nigerian mid-tier lender FCMB has sold 5.1 billion naira ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent,
http://af.reuters.com/article/nigeriaNews/idAFL5N1FO3LO

#banks #news #debt

Hmmmm same SKYEBANK same FCMB same MUSHROOM BANKS same MMM.

One day they will end up selling the banks.

TAKE NOTE discerning investors and don't say you were not STRICTLY WARNED.

*ThE OcToPuS*

PETERiCHY:


Hmmm same SKYEBANK same FCMB same MUSHROOM BANKS

One day they will end up selling the banks.

Discerning investors TAKE NOTE don't say you were not WARNED.

*ThE OcToPuS*

To raise funds now na crime??

feelamong:


To raise funds now na crime??

@17.25% interest in this longterm reccession and low oil price and high inflation era.

Now tell me which business will they do to cover it

debeey87:
Pls FXuser, whats the charts saying about SEPLAT.

Happy trading week beloved of the Lord

not liquid enuf for TA

PETERiCHY:


@17.25% interest in this longterm reccession and low oil price and high inflation era.

Now tell me which business will they do to cover it

Are you a learner?

what is the cost of funds now?

how much do you think people lend in the retail end?

Give me just $1M of your money at 20% per annum and see the wonders i would do with it for you in one year!

feelamong:


Are you a learner?

what is the cost of funds now?

how much do you think people lend in the retail end?

Give me just $1M of your money at 20% per annum and see the wonders i would do with it for you in one year!

And what percentage of these loans end up going bad...
I love this debate.....

DeRuggedProf:



And what percentage of these loans end up going bad...
I love this debate.....

you should be asking what percentage end up being stolen by the bank officials

feelamong:


you should be asking what percentage end up being stolen by the bank officials

I think I will have to agree with Peterrichy on this one. Oga Feelamong, this is desperation on the part of the bank. How much do other banks raise their own funds? I mean GTB, Access, First Bank and Zenith.

umm morgan platform not werking this am ! !

rebekah2011:


I think I will have to agree with Peterrichy on this one. Oga Feelamong, this is desperation on the part of the bank. How much do other banks raise their own funds? I mean GTB, Access, First Bank and Zenith.

Access bank recently raised N35B funds via CPs ....

They actually matched the 18% discounted rate as is being offered by FGN in the treasury bills in this offer

did anyone say they were desperate?

http://www.financialwatchngr.com/2017/01/09/access-bank-boosts-liquidity-n35bn-commercial-paper/

Zenith
- opens lower on big volume

Morgan down!!!! Anybody having same issue?