₦airaland Forum

Tritri:
@FXuser do you think the ASI will get to 22k ? Am i right if i say last year scenario is about to repeat again?

Thats how you keep asking for info and after you will put the blame on the person.You should learn how to do your own due diligence and also give advice too.

Zhirinovsky:
Story!
You think otedola will fold his hands and watch his company become that worthless? And watch his billionnaire status dissappear? You think some pple don't manipulate and pump upp the stocks? All those rallies FO went thru late last year, you think they were ordinary?What if Fg reviews petroleum pump price 2mao. Am currently trapped in FO, but I don't panic because pple that has more to loose if the sp crashes won't allow it to crash!

True and consider their Outstanding shares is small for the price to fall to that extent.It will rebound.

locodemy:
Do you mean you listened to angelo82 for FO.I hope this should teach you a big lesson...........They don dey tell about flour mill.You can also put your money their and thank bears or stagnancy later.

Grow up!.

feelamong:
i just took some time off to look at the Forte Oil result once again..

Its not as bad as its made to look here.

Clearly their problem is net Finance cost...no wonder they have proactively gone ahead to raise bond in the Capital market. That should enable them to pay off some of the expensive loans they are presently carrying....I also like the fact that they did not go the route of paying dividends this year!

I will be watching closely to see how low it falls...

19% growth in Revenue in these difficult times is not a a joke! (although their cost of sales is also not very good)

I observed the same thing and also agree with the notion of not paying dividend.

fxuser:
bears came in fully after FO result !

Whats your take on the result?

OBAGADAFFI:
Wahala dey o.

The drop in EPS serious.

It seems this may be the new trend except for few.

lancee:
That will be too bad , we ll see

He can only trade penny stock hence his recomendation.

locodemy:
ok sir.Expect a loss in Q1 and we will downgrade it to 10.00 and finally 7.00 last bus which it took off then.

Goodluck with that.

locodemy:
we who understand this market better than you saw all these losses coming and we cleaved on fcmb,ucap,uba,Afriprud,Eterna oil,oando,Access ,zenith etc.

Will you say you were not warned.what we are not seeing here are faces but experienced ones full here gberekete.Always pay attention and know exactly what is wrong/right with a company they tell you not to invest and the one to invest.

Anyway,i am sorry for the loss and you are involved.

You don't have what it takes to warn me.I knew they had debt and I also knew they have potential.Market has priced in all these and thats why it fell to this level.I made money on this same stock within short time twice.

locodemy:
Only if you can hear.........run away from FO.......its repeating oando scenario while oando is set now to move.
No be today we dey for this market..........2006 till date no be moi moi.

Before then we will ride both the bull and bear together.This is what the market is all about, profiting from good and bad.You should know more bad results will come considering the current state of Nigeria economy.

locodemy:
The one you get,nobody go buy from you until it drops to a certain level.

Dont worry I have more experience than you know even loss making companies are money making asset.The market is for someone who has cash and when it reach my desire target, all I will do is to accumulate.

locodemy:
Turnover.....ok,
profit after tax.....confused?
eps.....not up to 2.00,how much is dividend expectations here?
Guess......1.20k,
share price above 70.00 300 naira here we come.....

In case you have some units, go and dump yours and we will buy from you.

Tritri:


Them warn U.

Why are you worried about me.I am up to the task and mind you,I will still sell at profit.

Tritri:
FORTE OIL PLC AUDITED RESULTS AT DECEMBER 31 2016:
FINANCIAL HIGHLIGHT:

(N'000) (N'000)
DECEMBER 2016 DECEMBER 2015
TURNOVER N148,605,261 N124,617,238

COST OF SALES (N128,021,347) (N106,255,812)

GROSS PROFIT N20,583,914 N18,361,426

PROFIT BEFORE TAX N5,340,244 N7,012,442

TAXATION (N2,449,814) (N1,218,387)

PROFIT AFTER TAX N2,890,430 N5,794,055
EARNINGS PER SHARE(K) 199 413

Final eps went down that much.

Tritri:
Today na today na...

Is there anyone who has seen the result?

Tritri:
Did u notice FO is now Full offer...Guess it a bad result.

How can you guess what you haven't seen?This market is full of magic.

FO result is out but its not opening.

nio68:
People's risk appetite and trading strategy differ ... would rather go for Total ... at the end of the day as long as money is made thats d koko

Total is a good stock also and I am on the bus.

Coolcash1:
I think it's better you stop responding to comments on FO again. You have said all what needs to be said about people joining the bus. Just ignore any sarcastic post and move on...

To people who are still sitting on the fence whether to buy Fo or not, remember you are the manager of your own portfolio...Chikena!

I was right about FO moving after this 22nd and subsequent release of result.I think I have to ignore some people as you said.

agisky1975:
E be like say fuel don finish for FO bus

Watch and learn from Mr.Market.FO did 12% for the week and thats a buy signal.

lancee:
When do u think the results will cost me out sir Angelo

For banks I think by march.

I am expecting massive supply of bank shares come Feb and most bank stocks may fall a little.

feelamong:
@ForteOilNg holds board mtng: 30th

is that the reason for the rally yesterday

I believe rally has to do with the debt payment by FG.

Coolcash1:
@angelo82, hope you are still inside FO bus? Because the ride will be so so interesting...

I dey kampe.

The Committee’s Decisions

The Committee, in consideration of the headwinds in the domestic economy and the uncertainties in the global environment, decided by a unanimous vote to retain the MPR at 14.0 per cent alongside all other policy parameters. In summary, the MPC decided to:

(i) Retain the MPR at 14 per cent;

(ii) Retain the CRR at 22.5 per cent;

(iii) Retain the Liquidity Ratio at 30.00 per cent; and

(iv) Retain the Asymmetric corridor at +200 and -500 basis points around the MPR

Intendy:
the probability of going that way is less than 10%

I know and thats why I said the best will be to do that but Emefeile will never respond to market demand.

fxuser:
gbaghaun
gbaghaun
gbaghaun

What will CBN do this time ard?

The best will be to reduce interest rate.

Oil cut on course.
http://www.opec.org/opec_web/en/press_room/4062.htm

Tritri:
@angelo82

Am with you on this FO. But am 10% negative and it affecting me...am losing hope...how about you?

Every stock has the time to move but I believe Oil stocks will start to move soon.I am in FO and also in Mobil and Total.I think you should calm your nerve and wait for the result.