₦airaland Forum

ihedioramma:
That's good . and some of the bank will go up in price you sell it, hope you will not be angry? because the people that buy from you will all so make profit .

lancee:
Sir Ange, do u think there may be a serious /minor pull back before results refgards access/uba

ihedioramma:
You are Mr. jijo

locodemy:
We shall know who is right and who is wrong with time............na so they warn pa Emma on skye bank and he was defending the stock as you are doing now.Today,pa Emma is missing in our midst...........who knows how much he invested there?

You still have the opportunity of walking away with a hair cut or yo go for 50 50.........you may also choose to call a friend(peterichy) to help you out................

pluto09:
What valuation method did you use in arriving at a fair value for total and fo or you just assign a figure that suit your fantasy? And for anybody to think that whatsoever we say here about a stock has a bearing on the share price on NSE is sheer pettiness.

currentprice:
bro. Total is one of the stock in my portfolio and am still planning to buy more above N200 range if I see,,,, as for FO I can not put my money at the currentprice but I will do JIJO at the right price because FEBRUARY is very important month for FO

currentprice:
my own even lower

though the company will report profit for the year, declare dividend but will struggle to pay the dividend. according to their Q3 they have negative Free cash

locodemy:
pop corn

locodemy:
i no fit hide it from you.Fair value is 30.00.i dont know peterichy's fair value for FO.It's better we listen to him for assesment before buying.........

lancee:
U meant 2016 3quarter eps was greater than 2015 3 quater

lancee:
Do you think so sir Ange ,I think the 3rd quater result was not too good ..what do u think

lancee:
ok , like how much div u think this yr ..think last yr was better 3.50 or so

locodemy:
As you supposed,if the result no show face by month end,make you know say there is fire on the mountain and make you begin run like fowl for escape.Better tell him the result should be out before April.

lancee:
Sir D'angelo , do u know the current eps of FO..Any idea when the result will come out

locodemy:
You have to be very very careful with that stock.All is not well with the owner of the company at the moment and its also affecting his company.

secondly,the stock took off from 7.00 to 300 within a short period and everyone were shouting FO FO.If i should buy the stock,i will wait to see their result first and know their latest EPS.

I dislike the stock because of the manipulations(juju) which doesnt allow one to know the true value...............Be careful,it may be another OANDO of the year.They are not even among the companies selected by NNPC to lift crude oil in 2017.

you better seek the way of oando and eterna oil among the oil companies becos most of them are out of investors choice as a result of high prices.

fxuser:
Total
bearish

Oando
daily chart consolidating, looks neutral


Nse Oil& G index
bearish
after crossing 340 on 15 dec , rsi kept making lower highs
Macd sell signal was 22 dec , still facing downwards for now (-ve sentiments )
RSI facing towards 40
weak sentiments for now

fxuser:
loll

OBAGADAFFI:
GTB and Conoil is the next of my radar.

Just waiting for the price to drop further.

Manonamission:
Q4 is considered the FYE where audited results for the whole year is declared with or without corporate action (for companies with December year end). The rule permits listed companies 90 days to file AUDITED ANNUAL REPORTS which is what the investing community is expecting now.

The 60 days filing requirement is for companies that chose to audit quarterly results that are otherwise expected in 30 days from end of respective quarter.

The implication of these rules is that a company is not penalized for releasing the result earlier than required or within the stipulated number days. Therefore, March 31 remains the deadline. In fact, the rule permits additional 30 days (i.e till April 30) if a company requests additional time for result filing before the initial due date.

Manonamission:
Apparently, you didn't read the "new" rules. Open the link nah and acquaint yourself with the rules nah. The information I shared earlier is the rules for filing of results.
Other info such as application for extension, penalties are contained in the doc for those that might be interested.

Manonamission:
Which new rules? When were they made? Do you have a reference?

http://www.nse.com.ng/regulation-site/IssuersRules/Rules%20on%20Filing%20of%20Accounts%20and%20Treatment%20of%20Default%20Filings.pdf

Manonamission:
Which new rules? When were they made? Do you have a reference?

http://www.nse.com.ng/regulation-site/IssuersRules/Rules%20on%20Filing%20of%20Accounts%20and%20Treatment%20of%20Default%20Filings.pdf

Manonamission:
Actually, it is 30 days after end of quarter for quarterly results i.e Q1, Q2 and Q3. March ended Q1 results are due latest April 30, June ended Q2 results are due July 31 etc.

Audited Quarterly results are due latest 60 days after relevant quarter. Applicable to the likes of Access, GTB and Zenith that regularly audit H1 results.

FY results or audited annual results are due 90 days after end of year. So companies with final year end Dec 31 have until March 31 of the following year to file results.

Coolcash1:
Concerning the bolded, here was my advice then;

quote author=Coolcash1 post=52620579]

Are you sure your broker is not trying to use your funds to bail out a trapped client.... ..Coz I discount whatever advice they give me.

For me, I now have two brokers. I give mandate to one while I used the trading platform of the other to trade myself.

megainvest:
Is there a new NSE guideline on latest date for submission of FY results?

locodemy:
Sterling likely to have a better result than the both.