₦airaland Forum

lancee:
Was wondering , well mkt was fair ..beta than last week

Wanted to ask abt Fbnh script u posted in oct , regarding to loan restructuring by dec [if am correct] , pls can u help me post it if u have it again i didn't really go thru it then

lancee:
Was wondering , well mkt was fair ..beta than last week

Wanted to ask abt Fbnh script u posted in oct , regarding to loan restructuring by dec [if am correct] , pls can u help me post it if u have it again i didn't really go thru it then

lancee:
Sir Ange are u here today ?

princemolak:
I dont think Angelo is joking and its probably the truth because a little is known about his Father, all we knew was that his father died when he was 4, aside that, his father was said to have twenty something children, but I dont think I've ever heard of any of them or any of his family aside his wife and children unlike that of GEJ, probably that's because they arent in Nigeria

yom2:
oga which one be armenian again?

richie9093:
this is the first time I'm seeing this. you have articles I can read this from?

I've tried googling but nothing came up.

Godisfaithful:
Not only the capital market sir, he doesn't understand how economy(free market) works...That shouldn't surprised you. I hope the defendant of this clueless president can point to one positive thing the country has enjoyed since his emergence as Nigeria President? Even those that doesn't depends on government have already turn to beggar. Poverty upon poverty is increasing daily...people are finding it difficult to feed themselves, family are separating because of their policy, increment in crime and mortality rate, tribalism, herdsmen taken over the city,...Within 1 and half years Naira had lost more than 60% of its original value, etc. One thing is very certain, this government is a complete disaster in waiting...


Firms expect higher inflation, further fall in Naira value — CBN report
http://www.vanguardngr.com/2016/11/firms-expect-higher-inflation-fall-naira-value-cbn-report/

No (foreign)investors will invest in a controlled economy like ours...even the local investor are running away!

Godisfaithful:
Sir Lancee, this government is not helping the matter. I don't think the cluelessness of this government would stop when Naira to a $$$ hit 500. That's what we said when $$$ was 200 something trying to crosss 300. Today we are saying same, same, and same thing... Thank God i bought some small $$$ when my BDC still have many. It shouldn't had get to this but this government escalate the situation...

Very very unfortunate...

locodemy:
This is the only oil company i like to do jijo with..........i hope to do jijo with oando to invest the proceeds in fcmb......my target is 20m units before march 2017.........i want to see how much dividend i will pocket from fcmb for the first time.

locodemy:
Another oportunity for people like me fighting for a seat in the nearest future.

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/15774_MOBIL_OIL_-_DIVESTMENT_CORPORATE_ACTIONS_NOVEMBER_2016.pdf


from this valuation..NIPCO is paying about N438 per share...

I hope we dont finally have another Oando/Conoco phillips on our hands soon!

If I had this coy in my portfolio..i will be looking to exit now

holm:
We are all right, to call out Emefiele and Buhari( worst combo that poverty can bestow on a nation), but what amuses me most is the way the VP, who you would think is well educated, and full of great ideas, open his mouth to make pronouncement on issues purely in the purview of CBN is ridiculous. You can give order and send message to your boys (The gang at CBN) without telling it to the world that you control CBN.

We know the Buhari is intellectually disadvantaged but how about a learned person in the mould of Pastor Osinbade. Can't he deliver the message with some wisdom?

This MISFORTUNE(Buhari and his gang) has proven a simple thesis; corruption destroys a Nation but incompetence is faaaaaarrrr worse than corruption.

Foreign investors have since realised that Buhari has not Changed. They will be measured in coming to Nigeria under him. He has that tendency to bring you into Nigeria in a crate(Dikko style. If you know what i mean).

OBAGADAFFI:
Oga, ask LOCO, we have heard this same new some months ago and nothing changed.

what's the quantity of oil we are exporting, Focados and most export lines are down, PMB is planning to start importing from Niger Republic.

How do we benefit if we're not shipping enough crude

OBAGADAFFI:
This oil won't benefit Nigeria!!!
Remember Nigeria is not pumping enough oil due to the Niger-delta crisis.

If we're doing 2million barrels par day @$40, we will be ok our way our of this economic crisis.

Godisfaithful:
If the government float the damn foreign exchange rate today, so many investors will be confident to bring in their currency and we will see tremendous FDI and FPI...

ExLaidback:
You really believe this govt will float the naira, ok o I hope so.

The OPEC agreement is very good news for banks cause their NPLs must have been restructured towards crude price of $4x - $50 per barrel

Coolcash1:
Unfortunately, it won't extend to NSE in the short term. However, if the oil price rally continues and sustained and full floating exchange rate policy is adopted come Q1 next year, the effect on the market will become evident as from early Q2-2017 ...

ExLaidback:
Well in summary according to them,

They understand that revaluation gains from FX at this magnitude is not long-term sustainable,

So knowing this they took advantage of a recent CBN circular to make additional provision on collective and specific impairment as a form of prudence. In other words they probably didn't have to provide as much as they did.

This act offers up two advantages,

1.) They were able to knock off a significant portion of their NPLs and bring the ratio down within regulatory approved limits (and also improve CAR?) while still spotting some decent profits
2.) The thing with provision for loan loss as against loan loss charges is that in subsequent accounting periods it can be brought back in to income when they recover the loan - right? So they are kind of preparing for a drop in future income with this too.

This is my layman understanding.

lancee:
No sir , i still dey kampe.. meant buying more/cherry pick agst next yr

The morgan suspension gave me a blow , so i just dey look how am going to start buying and when

lancee:
..i dey sit for bench dey watch all the analysis

OBAGADAFFI:
Your link isn't working .

sirflav:
Is anyone seeing the trade live?

fxuser:
#Throwback

'' FCMB Group Plc issued a profit warning in expectation of its delayed third quarter (Q3) 2015 earnings before the end of Jan 2016. ''

- remember we have seen this Q3 delay before ! only for them to surprise mkt with dividend ! Let it happen again

OBAGADAFFI:
Not a bad result

EPS(company) -from 0.5 to 0.12

EPS (Group) -from 0.67 to 0.87