Ucap
- opens higher 3.58 !
-

fxuser:
Ucap
- opens higher 3.58 !
-

A good dividend like 50k and moderate Q1 results will help sustain this stock at above N4.

PharmAlfred:
Morgan down!!!! Anybody having same issue?

Yes Morgan is down.
their commission is low but cost as a result their inefficiency is high!

rebekah2011:


A good dividend like 50k and moderate Q1 results will help sustain this stock at above N4.

umm thats just 10.5% away !

emmasoft:


Yes Morgan is down.
their commission is low but cost as a result their inefficiency is high!

i wonder if other brokers using Cadata back end is down
( trw , NISL , Sigma and co )

ucap on full bid
crossing N3.70

PharmAlfred:
Morgan down!!!! Anybody having same issue?

down here too

fxuser:
ucap on full bid
crossing N3.70

This Ucap sha! very soon its share price would trump that of even UBA

kai!!

Zenith
- some serz offer volumes , needs support

some body pls check offer and bid mansard for me...morgan is down here

veecovee:
some body pls check offer and bid mansard for me...morgan is down here

OFFER( 68,960 ) /BID( 0 )

The kind of incompetency I have witnessed in Morgan Capital in my short stay with them is second to none. Who even gave such a mediocre firm license to operate?v how can you make it a habit to be down on trading days during active trading hours?

NSE should just take those guys outta business before they wreck innocent traders.

OBAGADAFFI:

OFFER( 68,960 ) /BID( 0 )

thks

Zhirinovsky:
The kind of incompetency I have witnessed in Morgan Capital in my short stay with them is second to none. Who even gave such a mediocre firm license to operate?v how can you make it a habit to be down on trading days during active trading hours?

NSE should just take those guys outta business before they wreck innocent traders.

Remember some key staffs left during their crisis last year.

If you observed since they came back, their platform has been experiencing issues.

Zhirinovsky:
The kind of incompetency I have witnessed in Morgan Capital in my short stay with them is second to none. Who even gave such a mediocre firm license to operate?v how can you make it a habit to be down on trading days during active trading hours?

NSE should just take those guys outta business before they wreck innocent traders.

.

Why this Sir? How many down time have they had in your short stay with them that will warrant your recommending NSE withdrawing their licence. It is the communication that they lack. Please cool down.

NB. I dont work for them ooooo.

feelamong:


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/

Now tell me all the money ACCESS BANK has raised coupled with the billions of dollars FCMB partner in crime OANDO has also raised what is their achievements aside putting their shareholders in penury.

Morgan is back.
Hurry to your trading desks

Morgan is back.

Morgan is up but you can not trade or get live feeds. I can confirm that it is back

feelamong:


This Ucap sha! very soon its share price would trump that of even UBA

kai!!

Seems like some people have seen the results. 3.72 and some projecting a share price of 4.50.

PETERiCHY:


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*

Banks scramble for fresh capital as naira weakens further - Punch Newspapers
http://punchng.com/banks-scramble-fresh-capital-naira-weakens/

Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy, OYETUNJI ABIOYE writes

Palpable fear has gripped the chief executives of many large-tier and mid-tier Deposit Money Banks as an imminent fall in the naira exchange rate throws up a need for additional capital raising.

Checks by our correspondent show that the Capital Adequacy Ratio of a number of the country’s mid-tier and weak large-tier banks is currently at the threshold stipulated by the Central Bank of Nigeria.

This means that in the absence of additional capital raising, a slight depletion in capital will make a number of the banks to fall below the minimum CAR prescribed by the CBN.

Aside from mounting non-performing loans among the country’s lenders, findings by our correspondent showed that a possible fall in the official exchange rate of the naira would make at least five of the banks to fall below the 16 per cent minimum CAR stipulated by the apex bank.

“THE SITUATION IS A BIT TERRIBLE NOW.

Aside from the NPLs that are rising among a number of banks, any fall in the naira-dollar official rate will put many banks in trouble as far as the CBN’s CAR is concerned.

This is because many of us are already at the threshold. A slight fall in the value of the naira means not less than five banks will sink below the CBN’s CAR,” an executive director in one of the leading banks told our correspondent on Sunday on the condition of anonymity, because he was not officially authorised to speak on the matter.

The Central Bank of Nigeria has said it will penalise Deposit Money Banks that have liquidity challenges by way of temporary suspension from its lending window.

In a circular issued on Wednesday, the apex bank announced a change in its rules of engagement with the banks, spelling out new rules regarding how financial institutions could borrow cash from fellow banks or the CBN to cover their temporary shortfalls or meet their obligations.

The regulator declared that any commercial bank that failed to comply with the new directives would be suspended from its window for eight weeks.

The circular, dated February 1, 2017, with reference number, FMD/DIR/GEN/CIR/08/001, was signed by the Director, Financial Market, CBN, Mr. Alvan Ikoku.

http://punchng.com/cbn-penalise-banks-cash-problems/

Morgan back online

#FYI

FBNH

- 200dma flattens out
- finds good support at 3.50 (expected)
- good vol also , +20m units traded

fxuser:
FBNH

- 200dma flattens out
- finds good support at 3.50 (expected)
- good vol also , +20m units traded

- needs to CLOSE above 3.50 to b valid ++

PETERiCHY:
The Central Bank of Nigeria has said it will penalise Deposit Money Banks that have liquidity challenges by way of temporary suspension from its lending window.

In a circular issued on Wednesday, the apex bank announced a change in its rules of engagement with the banks, spelling out new rules regarding how financial institutions could borrow cash from fellow banks or the CBN to cover their temporary shortfalls or meet their obligations.

The regulator declared that any commercial bank that failed to comply with the new directives would be suspended from its window for eight weeks.

The circular, dated February 1, 2017, with reference number, FMD/DIR/GEN/CIR/08/001, was signed by the Director, Financial Market, CBN, Mr. Alvan Ikoku.

http://punchng.com/cbn-penalise-banks-cash-problems/

Guess the five.

UCAP..........

ukay2:
UCAP..........

UCAP 7.9m bids, no offer!!!

uacn
- looking to break below 15

the kind blood for market today...

Tritri:
the kind blood for market today...

If you only have Ucap in ur portfolio you will be popping champagne somewhere now

fxuser:
Morgan back online

#FYI

Oga, what is your take on Leadcapital SELL recommending for FCMB and FBN.