₦airaland Forum

Michael11stock:
Anytime wey proshare praise any stock too much the next day na red u go see

This one is different..........Most newspapers yesterday and today praised ACCESS bank because of the right issue that they completed..........I think is wrong to exit,you entered at a less risky price...........Why worry yourself?.............

Michael11stock:
Thank God was able to jump out from Access i suspect something

Suspect what?...............

lancee:
MY FBNH ..I don't even know what to say about that one now ..I have hope in uba , access ..FO not bad either

I sold my after dividend was declared at 21% profit and I re-entered after and I bought some more...............My FBNH is down 10% as at now which is ok for me but I am still going to buy some more as the price continue to shed..................Everytime that I look at my FO,I just smile.............FO is a good stock.............

lancee:
Just for capital appreciation ..geting out at 22 to 24 ain't bad

Am more loaded in FBNH,UBA,ACCESS and FO................

lancee:
shaving anywhere shavable

lancee:
Good for u ...ambuying more uba and access , zenith on longterm

Me too but not Zenith.........I dislike their business model.............

.........Shave where?............Oando na P..U..N..K............

lancee:
Am on 23% now .. trying to average down more to 20% ..i may be changing from medium to longterm now

Not too bad because there is possibility of a bullish market by next month..................I am pumping money everyday not just to average my lost but to take advantage of low prices....................I have bought today and I will buy tomorrow till the end of the month...............

lancee:
Sir , i agree with u ...na to dey pray to breakeven now ... Profit ke ..Unless u re for longterm

Even for long term,60% will be hard to recover...............So many people didn't recover from 2010 market crash till today..................

lancee:
..hehehe NSE ...some people still dey pretend as if they never lost money on NSE

You can loose money but 60% is way too much..........................Anything above 20% is a crisis...............I just hope that Buhari will make a sound economic policy that will shape Nigeria's economy but I don't trust him................

passwelle:
Some folks dont believe in using stop losses. You Sir sound like one. The 60% loss in your portfolio would have taken at least 6 trading days to incur, and will take more than that to recover. A stoploss of c. 15% would have saved you from this predicament.

I agree to this.............60% is abnormal and it will take time to recover the loss talkies of making profit................

FBNH,UBA and ACCESS are forming equal pattern..............I hope the pattern is for these stocks to ascend................

Access bank today is 250.33 to 1Euro via european ATM(Withdrawal)................

Below is the reason why Access is on the rise again.................


http://af.reuters.com/article/nigeriaNews/idAFL5N10T2TE20150818

lancee:
Sir Angelo82 we re still loading the $$$, waiting for devaluation @ 250

At the same time we re not praying to get to that value

Loading $$$ might be a mistake because that Pa Buhari likes shinning like a small kid...........He may perform the Ghana magic which will make 1naira equal to 1$.................The whole system is jagajaga for now and the policies are not coherent enough so thats why too much panic and uncertainties...................

So many people got used to buying Nigerian asset cheap with foreign currencies and seems they can't afford it anymore................................No more cheap stocks....................

Michael11stock:
i just boarded Access who is with me?

Boarding at this junction means you are the luckiest man..............I am on board too..............

.............I just see a sign above me that the bears will be over this week...............

UBA still going down below 3.................Access is resisting further downtrend.............

Elai147:
Yes e be like say dat one go soon start e journey. If Stanbic reach 15, e for no bad at all.

It will touch 15...................

.............I believe it will end soon..............

myjoy08:
Really? Sir, don't let these bear cause something else ooooo. What's robot has to do with the current trend of the market? Seriously, i understand why BNSITL are not smiling. Everything will turn around soon. We should just be careful what we wish for. It is well

Just kidding.................

Elai147:
With all the opportunities presented by the bears so far, I just dey imagine one guy wey go come NSEMPA come dey say:

...may I use this opportunity to appeal to you all to sell more Oando this week to enable my company acquire 3% of Oando before the end of this year. Our aim is to transform Oando. Please help us by selling your Oando this week, you can still buy it back when it is cheap. Thanks for being a partner in progress.

I am not going to be surprised if that guy is a robot.............Even MYJOY08 won't surprise me if he is a robot.................

Elai147:
We are talking about All-time low (not year low). All-time low is All-time low weda intercontinental merger or not. Did Access not acquire Marina Bank some years ago before intercontinental merger? Bros be kiaful of dis ya investment emotions ooo . You don transfer emotions from FBNH to Access abi.

I didn't know you were talking about all time low..............I am not emotional about Access at all,I am just stipulating the obvious fact...........My investment strategy is one of the best and thats why its hard to see -20% in my portfolio.............My point about the merger is previous access bank is smaller to the new one.................We will be witness to events as they unfold.................

Elai147:
Bros check your record well. Access was listed on the NSE in 1998. Are you saying they listed at above N4.00? I'm not sure about their all-time low but during the last market crash Access traded around N3.50.

Access Bank one year low was 4.50 before today's new low...............Mind you,take into consideration that the new Access Bank is a combination of old Access and old intercontinental..................

angrybull:
Do any body know how low access has ever gone since listed on the floor of NSE?

Previously 4.50 but factoring their right issue,I think Access new low will be 3.50 and that will happen this week/next week............After that the highest it can reach would be 7 t0 8naira.................

spicytayomic:
Does anyone have information on ACCESS ?, the bashing is getting too much

The bashing will continue until it reach half of their right issue.................Apart from that factor,nothing is wrong with Access Bank..........Their business model is still super.................

PETERiCHY:
Well one of my main yardstick for measuring Stocks is via their year lowest lows bcoz i believe history has a way of repeating itself.

In Feb 2012 after the Fuel subsidy removal palaver UBA traded below #1:70k.

While that of FBNH since Arisekola who happen to be their major shareholder died, I see their case turning to the likes of UBN.

And if what I'm thinking happens to the Elephant it will definitely drag Access and every other banks down.

Bottomline if you areant in for a long term atleast 2yrs and above better pack ur bags and baggages. So you can always have a pleasant night rest . I rest my case.

*ThE OcToPuS *

I used their 52weeks low to measure my risk on equity but 2years,come on is too long but it could drag till middle of next year because I don't understand the body language of Buhari and I hope he has no grudge against Nigerian stockmarket.............If he can articulate his economic agenda and if its private sector driven then things will change for good............Lets see,Buhari is the main guy giving uncertainties to our economy even though we know the economy is not in good shape but at least we must have a plan to strive economically.................

You are not vindicated yet..........Its normal for Access and UBA to touch a new low because of the right offer that they did but FBNH won't go that low even with the bonus declared for 2014 financial year...............2Naira dream is unrealistic................Get off the meds(Na joke).............

PETERiCHY:
I gave the above prediction on 23rd March 2015,

Likewise since mid-last year i ve been screaming that short term traders should stay off the market.

Well one good thing about the BEAR is that it humbles the doubting Thomases and move them closer to GOD.

Above all it creates a wonderful BARGAIN opportunity for long-term investors, @ this junction I will still advise short term traders to cut and run with their losses because we are still on a long scary ride

*ThE OcToPuS *

From the above quote,how low do you think Access,UBA and FBNH will reach?..................

Excellent7:
This market is really tricky.
Can't believe what I am seeing.
If this is correct; total offer of about 500 million (over 50 million available) offer for Access with no bid as at 12.25 hrs.
Seems like massive dumping to me.
Does anyone have any info we do not know about?
Are we getting less than expected performance in their H1 results?

Probably Amcon is dumping.................Just a thought..................

Agbalowomeri:
Loss is a result of diversification. Some of us who concentrate have no loss to report but it is well

Targeting just one of these;

fbnh 5.11 exit price target 7.81
ubcap 1.11 exit price target 1.81
zenith 12.11 exit price target 22.11
GTB 14.11 exit price target 27.11
Access 3.51 exit price target 5.11

Wear your glasses and do your due diligence again............That Ubcap don fault your forecast..........That stock can never reach 1.81......Maybe after some years though................