₦airaland Forum

Chibuking81:

Remaining foreign investors are bailing out, to stay by the side. They don't joke with their money, bonanza period is the period for brave heart ( the risk takers, it's mainly a good time to buy sound fundamental stocks)

Many people will be changing their handle in their computer gadgets keyboard, placing buy order and cancelling it, to enter more better one. Zenith was sighted at #20.10 today, GTB at #32, Access tested #5.30 yesterday, many more good opportunities to show face in the days ahead. Many will be confused on what to buy, because prices are coming down at platter of gold.

Smart money is also moving in to pick up the opportunities. From now to Feb 15.....Uncertainty will reign supreme but the big positions of tomorrow will be taken this period.

Eku Market oooo

Ladies and Gents, sorry for asking again, IS IT POSSIBLE THAT THE TERMS OF THE ACCESS BANK-DIAMOND DEAL COULD BE REVISED?

onegentleguy:
As stated yesterday, the said huge volume of WEMA BANK(from the purported seller) is now gradually been taken up.
...over 650,000 million unit has already exchanged hands.

It's clear that the said seller doesn't know the VALUE of what they hold. ...let the investment firm help them with holding it.
A renowned investor once said; "For every buyer, there is a seller... only the future shall prove which one of them had made a mistake !!"

DISCLAIMER: This should NOT be interpreted to mean any sought of recommendation. When in doubt, pls kindly consult a reputable investment manager for advise.

Regards.

What's very good about Wema. Pls let us know.

WTF is happened to NEM insurance today? Massive number of shares cross-dealed.

Raider76:
Meaning the market MAY push it to at least N3 b4 the shareholders vote.

In my humble opinion, there is every possibility of a deadlock.

The shareholders will go for a higher price.

Access may not want to pay the higher price given that they have already offered ~30% of book value and Access itself is trading at ~50% book value.

this deal has a 50% chance of going through. IF it doesn't go through, I expect Diamond to drop down to 80K.

The diamond deal will not fly at N3.13 because it is at huge discount to the net asset value of the company.

The shareholders know more better than that and will not approve the deal..Carlyle owns more than 17% which they purchased at about N9.00

Without their approval, the deal will be dead on arrival.

The legal battle involved will take at least a year.

Good news for some SANs.

Deadlytruth:
They are keenly observing the market to be able to discern the seeming arrival of.......

Lol... it seems the rain that is falling has fallen on even the bargain hunters and bonanza gang....Eku Market oooo

Why is there radio silence here?

Radio silence! I hope say una never go board diamond bus? Hence the silence because of its today performance. Because so many bagholders are in the making on this stock.

Smart money that bought at low prices have booked profits already.

DeRuggedProf:
I have been in the stock market for a while, a very good while, I have experienced three intensively brutal reconstructions. That experience made me to vow NEVER TO TRADE STERLING BANK. And I have NEVER touched it since that time. Even when the stock is SHOUTING BUY BUY BUY, I laugh and walk away.....
I may not be fair to myself, but at least I am sticking to my rules.....

No reconstruction ended up as soothing as a curse. Heavy objects always penetrated the ceiling and decisively pinned me to my couch.

Most curses take a while to be decisively punitive.
The reconstructions evoked immediate and sustained capital erosion.

The stocks seemed to always prefer their initial prices before the reconstruction.

Where they failed to descend rapidly, illiquidity took over their dynamic chart patterns and the candles emaciated and lost their bodies and wicks...

I hope this turns out to be different.

Personally, I will never again be sleeping inside a bedroom that Julius Berger's cranes are crossing heavy equipments over its roof.....

Immediately I sight cranes, I hurriedly relocate. Even if it is under the bridge, I prefer to wait there, even for a year....

stcool:
Bargain hunters....that did not enter FCMB today.
@Peterrichy @Chibuking ...see you all in January!

The rain that is falling will fall on all and sundry

The bear will visit every stock irrespective of fundamentals

Have you looked at Oil prices? Have looked at the exchange rate that is getting to N367?

It is still a January matter for me. That may be the best time to pick the pieces.

maishai:
if diamond does not go below 50k I will never buy,, all this hope of capital injections are fairy tales,look @ union bank, even after being rescued cannot oay dividend for years, Right now I will rather buy wema than buy diamond.....The true story of diamond is unfolding slowly, Market markers are making their money b4 the bank finally collapse......Remember someone warehoused skye shares that is now defunct

My own target price is 80 kobo. Above that I wouldn't even touch it with a long pole. Rubbish people.

tritritri:
10 ? U're wicked ooh.

All it'll take is a bad quaterly result which can happen in a low profit margin company.

stcool:
Oga OGG & fxuser...who did Flourmill offend is it FA or TA or the milling biz is no longer favourable in Nigeria. I don't own any unit here but have been keeping an eye here considering it's selling below the last rights issue price.

Anticipating your response.

I'm with you on this one. Would be nice to go in at N10

swilo:
This is what makes charts interesting. See volume in the wrong direction.

Some big guys must have seen fire on the mountain.

Yayira:
Hope this is not another Stanbic and Access going on in FCMB ‘Cause the person come across like one entity..

What happened to Stanbic and Access?

Yayira:
Jesus!
The guy don drop over 20 million units @ 1.55 again

Deep pockets.

Chibuking81:
https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Tank-Amid-Global-Stock-Market-Rout.html

Na wa ooo. Saudi no dey try ooo.

ok

God save us

Good one

na wa oo

After recording a 50% gain in Union Dac. You guys have moved over to Cutix to scalp out gains.

I pity those wey dey follow una wey no no when to take off.

This market is suffering from ELEPHANTIASIS

I now believe Zenith is suffering from ELEPHANTIASIS

32,000 here we come.

stcool:
its ok if it goes below 30,000 and I cant predict how low it will go. I cant time the market but getting Zenith below N20 is good for me.

stcool:
una go dey alright las las...zenith N9 GTB 15 patience is a virtue. Na today! 2 days bull we would near different story here

I don enter zenith today, countdown to my exit begins (Sept-Mar)

two more days of bears like this and the index goes below 30,000

33,000 here we come. The bear market can only but continue. The MSCI guys have paused their activity. This means a drop to 30,000 is likely.

Mcy56:
Oh, so it's paining some people now that Aiico's reversal was been discussed...... but when it was Uniondac reversing after gaining 100%, some of these people were the ones running it down with mouth and making jest then.
Why the double mouth? Abeg make una allow person wey wan comment do so in peace o.
Yesterday, I wanted to post that anyone doing jijo on aiico should sell it but I changed my mind cos of those who might quickly tagged it otherwise.
I know it would drink water at N1.00 junction and the total bid was equally very lean xtyday.

mendes911:
Keep talking anyhow Sir.

He asked a question and a very matured answer could simply be "No, it doesn't affect Diamond in anyway because Diamond doesn't earn any income from MTN, etc", considering the possibility that he might not be learned as per any relationship between Diamond and MTN.

My 2kobo shaaa.

Don't mind him. He thinks he is in the politics section of Nairaland where a thousand and one people throw tantrums 247.