₦airaland Forum

Afriprud is stepping up its game little by little. Certainly its Q3 is gonna be impressive.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19743_AFRICA_PRUDENTIAL_-_CLOSED_PERIOD_CORPORATE_ACTIONS_OCTOBER_2017.pdf

Why single out this among others on the NSE website, any news? Should we buy now?

FCMB, they just created an enabling environment to cross deal and do their thing and in a way that suits both the seller and the buyer.

fxuser:
if compared to d results with d one-off income !

Exactly, income that was realized from sale and disposal of their asset.

shigidi:
Dumping in UCAP. I Wonder what's happening here.

its obvious that their Q3 earnings will be less impressive when compared with 2016 Q3 and the Q3 result may soon hit the market.

pluto09:
Thanks. Is like Afriprud is finally crawling out of its hole.

u think so? Me am thinking it's a fake breakout oo. Any counter opinion and why

rebekah2011:
I think it is good for long term at any price below #3. But if it does not come to that price before the release of Q3, then it is goodbye because it may likely touch #4 and beyond

Thanks bro. Other views and counter views from other bnstil is most welcome.

Please bnstil, whats ur take on Afriprud, seems its about breaking out though the volume is not encouraging. Should one jump in now or could it be a fake break out
Cc: fxuser.

DOLLARTEX:
Nigeria is out

Alert: NBS set to announce Nigeria's GDP result for 2nd quarter on tuesday by 10am. Stay tuned for confirmation of whether recession is over or not. Mr market most likely to react to the news.
(Modify) (Quote) (Report) 1 Like (Share)

Gbagaun!!! Alleluia somebody!!!

Alert: NBS set to announce Nigeria's GDP result for 2nd quarter on tuesday by 10am. Stay tuned for confirmation of whether recession is over or not. Mr market most likely to react to the news.

Zhirinovsky:
After watching 'Money Monster" I get nervous when I hear the word "glitch"
thanks Boss

Hahaahaahaa, ok i retract the term glitch, lets say, downtime or temporarily out of service.

Zhirinovsky:
morgan have started this morning

I dont think its from morgan this time, seems the glitch is from the NSE XGEN.

Coolcash1:
Don't be fooled by the report...The analyst must be on Osogbo weed...

Lols, bro i ve grown past that level, am sure they may have been trapped and are looking for naive investors to fool and dump on.

Mpeace:
That person asking me for projections on diamond bank, pls check this list of recommendations. I simply said I prefer it to zenith, even though zenith is equally good. You can see that diamond has a higher target price and its projected return in terms of percentage 177% is equal to none on that list. I just love penny stocks.

Is that not 3.55 that am seeing as target price for diamond. If true, then that must be target price for next generation.

emmanuelewumi:
The higher your volume of shares the juicier the dividend earned, UBA should pay an interim dividend higher than the 20k paid last year.

True, but at the same time, the higher the volume of shares and the higher the dividend, the juiciest. I pray UBA pays more than 20k.

emmanuelewumi:
Jim Ovia will earn N736.5 million from this 25k dividend.

hhahaha, and u forgot to put ONLY after the million. My brother when you are big, you are big. We will get there one day by His grace.

PharmAlfred:
I think 25K is poor. Where is there result?

Agreed, the dividend is not juicy may be cos its called interim but i think the whole H1 result is impressive.
Mr Market over to you.

DeRuggedProf:
How come over 10m units of AFRIPRUD exchanged hands this early....

This company has already made 85% of their 2016 full year earnings within the first half of this current year. No doubt their 2017 earnings is already poised to surpass 2016 earnings.

https://www.google.com.ng/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwiW2I3ygZrVAhVDJ1AKHfiMDyoQFggrMAE&url=http%3A%2F%2Fwww.vanguardngr.com%2F2017%2F07%2Fcorrigendum-africa-prudential-registrars-acquires-6-uba-shares%2F&usg=AFQjCNGU6bQB_fsL0oX4fTOClBVZgG6V1w Nawaoo naija media and their unverified reporting. if they sue this one to court now..

https://www.google.com.ng/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwjE-JCFvZLVAhUOLVAKHYRYAJ0QFggrMAE&url=http%3A%2F%2Fwww.vanguardngr.com%2F2017%2F07%2Foando-naoc-nnpc-express-commitment-rehabilitate-refineries%2F&usg=AFQjCNHXa_LrEHAzC5TY2kuD0uEoBjcUPw

So finally, Ucap and Afriprud is set to clash tomorrow closing today at 3.01 and 3 respectively. We wait and see who overpowers who.

Mr Brent crude is few cents away from 50 dollars. A good way to end the week and likely a good tonic for NSE next week and certainly more gun powder for Emefiele and his forex reserve.

fxuser:
quietly breaking out !
#swing

Seated gently and observing. Next task ahead is to determine what could be the resistance point this time around. The last resistance was 67. Hopefully H1 result may be a great boost this period.

DeRuggedProf:
These men are carefully mopping FO to avoid price rise....

Bro are you really sure is mopping and not the other way round (pump and dump) ?

fxuser:
Leave those things to Mr Market to decide !
A higher opening above yesterday's close is most welcomed

OK bro, well noted.

FO pre market looks set and ready to break away from sub 50. Could it be sustainable

AFRIPRUD still dont know why it has failed to break the 3 naira resistance which it has formed for several weeks now. Could it be that their half year result will not be impressive compared to half year 2016

Morgan is back pple!!!!

Wen is d Ngr half year GDP report to be released?

Please brethren, who in dis house attended d forte oil's AG meeting held yesterday. Was their any positive-looking statement made at d meeting cos I noticed dat suppliers are no more willing to sell below 50 naira at today's trading which traded only about 55K in volume.

Most times wen a stock goes on full offer especially in d early hours of trading, what I do is to monitor the volume traded at the time just before it goes on full offer. Then give it time say 30 or 45 minutes and check back the volume traded. If the volume has changed significantly from what it was, then it's most likely those huge volume on offer may not be what they seem, and some one may actually be mopping the offers and the stock may later return to bid b4 close of trading