₦airaland Forum

Locodemus your result is here!


http://www.nse.com.ng/Financial_NewsDocs/15742_FCMB_Q3_SEPT_2016_FINANCIAL_STATEMENTS_NOVEMBER_2016.pdf

lancee:
Sir Angelo ,pls is meritade working this morning ..have been trying to buy/sell no way

The platform is doing some crap by signing you out when you are going to buy or sell.

fxuser:
market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

Remember this is the only time in a year that some stocks will go lower.An opportunity to buy while some people will be looking away.

jideflash:
is this good or bad for the market?

Not so good but at least market will have a direction from now on.

Thank God the 1kobo per value of stock was suspended, if not most stocks may be trading near that bottom for now.

feelamong:
SKYE BANK FINALLY AT 50K BUS STOP...

WHO IS NEXT? FIDELITY, STERLING OR DIAMOND?

The funny thing about this banks when result is released they may move up but suspicion of skye is people who are eyeing takeover may want to intentionally drag it down there for a while.

ExLaidback:
I won't rule anything out cos in business world nothing is impossible. But their predicament is caused primarily by FX troubles and devaluation not foolish spending like Skye (they have some huge liabilities denominated in dollars but they can reduce their exposure by FX swaps) . So ordinarily I think they are more likely to recover faster than Skye even if they post loss now. Just my opinion though

Diamond is as reckless as skye and they may go the way of skye at last.The good thing is skye has already declared loss but Diamond is still struggling with the situation but to get out of the wood they will also declare loss at a point.

Godisfaithful:
Sir, you asked a very serious question? I don't think so. The president is in charge of everything...Remember the case of DSS harassing and arresting the BDC Operators... Let's wait and see!

Hypocrisy of Buhari might make him to allow full float of Naira because of Egyptian success.

fxuser:
- umm
- its at a new 52-week low of 0.53kobo
- so there is nothing to fear technically
- but with 3 quarters missing , the oil loans , directors loans , devaluation from 280 to 305 yet to be reflected , irregular account concerning mainstreet buyout + d general bearish times
- its a tough one boss

You should consider sale of foreign assets might boost their balance sheets.I am just thinking apart from restructuring of their shares which is the main risk but not much risky buying a bank like that at 53k after all thing will get better.Oando is still going up and down, .

fxuser:
Skye bank . . um
- posted N40.73 Billion Loss in 2015 FYE
- Announcement was late July, ard 29th . SP closed at 70kobo
- but rewind to July 01, Skye SP dropped from N1.05 to 58 kobo by July 15th
- only to rebound from 58 kobo to 90 kobo in 6 days ( both movements clearly speculative)
- since that flash rally, its been on d down trend.
- asper results , not expecting it to be good at all (IMO)
- the former chairman shud be jailed honestly

Result may not be bad as the previously declared loss for 2015 because the new management may want to proof that they are on top of the game.At least Skye may be good for speculation.

Justcul:
Is it possible to get DIAMOND at a price less than its current selling price in december? like to get some units..gurus pls

The funniest part is market may go north by December.

fxuser:
IMO
- index is still on a long term bearish trend
- no need to be aggressive

NSE30
- look at the 5 year chart for say NSE 30
- index was at ard 900 in Jan 2011
- index sustained to bull run still July 2014 (making 3 tops Jun 2013, Jan 2014 & Jul 2014) hitting above 1,900
- index started a free fall after july 2014 breaking below prev pull back low
- index found some support at 1,200 and a mini rally in Feb 2015 - Mar 2015 ... down trend continued
- index hit another support Jan this year ard 1,000 mark (remember d Jan sell off)
- another mini rally wh ended ard Jun (wh is actually a long term pull back depending on the time frame)
( remember the guy that kept shouting May , wh i felt Sell in June seemed more accurate)
- anyways we are still on the long term down ward trend while the market is short term oversold
- don't be in a hurry to average down or mop aggressively , buy small small like recharge card i guess.
- i not a long term investor , let d 50dma and 200 dma guide you in d prevailing trend sir

Can you recall how much SKYE was trading before the last result and how much higher it traded after the result?,and what do you think about expected result from SKYE as in when and expectation.

GudluckIBB:
I'm with them already but their services is not as morgan when it comes to live trading.

I'm not too happy with them at the moment.

I pray morgan comes back on time and better,

Non can be compared to morgan live trade

NONE!

I use them for long term trading and I somehow like their ethics.They are not very good for JIJO.

stokfrick:
Bro I did exactly so yesterday! Now I see reason y many brokers come under suspension by sec every now and then! If they are left they will treat investors any how they like!

Also they only pay after settlement of trade.If that is not the case then you should protest.

stokfrick:
They have refused to obey my cash withdrawal mandate.
Even after repeatedly mailing and calling them, all they keep saying is technical issue. That is not a genuine reason at all!
This is d 2nd time I am experiencing this with them. I am no longer comfortable with this.
I should be able to have my money any time I want it!

You can only withdraw by sending them mail about your request.

stokfrick:
Pls is any body experiencing difficulties withdrawing his money from LeadCapital?

Why the question?

fxuser:
was thinking about that all last week
the mother bear will have more baby bears lol

It seems cluelessness of CBN has changed market trends and don't be surprised there may be tiny volatility by JAN/FEB 2017.

If market is this bearish now, whats going to happen by January/Feb 2017?

currentprice:
bro. are they analog broker?

Advance analogue, .I think they are digital broker but life trade is only viewed by clicking on the stocks and then you can seek current offer/bid plus instant trade recorded.

currentprice:
there e-trade platform doesn't work

No trading platform but just the data overview and the commission is good too.

currentprice:
leadtrader also

What do you mean?

ExLaidback:
Na wa.

Even the Meristem that has a much better customer service (though higher commission) now seems to have an e-trade platform that doesn't work well. I don tire.


$$$

True,it goes off anyhow and their commission is back to normal again after two days reduction.

fxuser:
FCMB
- long legged bullish hammer today ! umm

There is no sign of any bull today concerning FCMB.

Seems someone has seen Skye result.

currentprice:
we are waiting at N60 junction

You could still be a Monkey at N60 junction.Maybe is going back to 5Naira like Oando .

locodemy:
since you said 'news'.not from your mouth......i will pardon you........Any bank that operates as a national bank is not allowed to have many branches and they are restricted to operate in some capital cities....Example of national bank is jaiz bank.......my brother you can tell me that skye bank wants to do share reconstructions,close some branches,sell some of their assets,reduce workforce or raise capital but for going back to operate as a national bank is understatement.

Thats regional bank but National bank can operate nationwide, example of national Bank is STANBIC.

locodemy:
my bro,if diamond is now #1.00,i wonder where i will place fcmb.............it means i should set another entry target at 0.90kobo........i wan stay off from market now to avoid HBP.

Market will bounce back by next week.

locodemy:
Heyiiiiiii! I hope this will be the last blood bathe for this year.........i don sink oo.........na only my hand remain

FCMB is there for you!

Godisfaithful:
Sir, it is not an excuse...Morgan should take absolute responsibilities of their action. They are the cause!

You have a point.