₦airaland Forum

FBNH max of 6 days to go

Dum20:
You noticed too?

It should be all transactions dating back to whenever. That is why they are selling the service i think.

Did not notice every stock have transactions captured. Surely there will be limitations on database capacity/architecture if all transactions dating back to whenever are to be made viewable. Thus some data histories will be truncated automatically after some xyz activity or time or something.

Will take a closer look next time I log in. And check how much historical transactions are there and if it's on all stocks or some.

Dum20:
Thank you for the feedback.

But you can actually see transaction history of all your buy and sell, purchase or sell price, quantity purchased or sold, date of purchase, price bought or sold.

That is why it is CSCS( Central Securities Clearing System) they clear all trades on the NSE and keep the records.

That is why when we go to our brokers, the print our CSCS statements for us.


I decided to renew mine and I could see all my trade history for some of my stocks and could not see for the others.

I wonder if anyone has had that experience.

I noticed too that for some stocks one can see the transactions in ones CSCS account when logged-in. Could it be time related?. That is last x weeks transactions. Or is stock related ?

BabsO2:
I am waiting for FBNH extended audit and dividend info to be released to the market

Apart from waiting to see what FBNH dividend will look like post extended audit, I am also waiting for Q1 results generally to see how the companies are growing faster in underlying book value and earnings power than their share prices which seem to have been muted because of the political-economic environment. Sometime I feel some potential risk of disaster has been priced-in to many share prices. And the reason people are not ready to buy with bullish emotions.

robobo:
Ok thanks i now understand your point

However given all the above i would rather take it to be a floor that the MM is not willing to let it go for now (instead of outrightly looking at it as manipulative) but if any supplier (particularly institutional investor) feel the MM is wrong they can always dismantle the wall considering that they (institutional investor) typically have more than the wall holding. My take though might be naive

Thank all the same, appreciate

What I can see as the issue is there are not enough people holding UBA shares that are ready to part with it cheaply. Especially those holding very large quantities of UBA are not ready to dispose it at low prices. On the other hand there are bargain hunters ready to buy it only at discount prices to the last sale price. These bargain hunters could be small hunters and others could be big over prudent institutional investors perhaps with various discount threshold prices they are ready to deal on. And this happens for all stocks in the game of demand and supply.

In FBNH the price was low like UBA or even lower until a loaded strategic investor became very bullish about FBNH.

At the moment even with the bargain prices on many stocks, many fat cats are bearish on Nigeria's political issues. Hence prices are haggled without any bullish fire untill the political environment becomes clear.

GANDALF1:
https://www.sunnewsonline.com/just-in-central-bank-of-nigeria-makurdi-branch-benue-state-on-fire/

Good to read it was limited to the fuel area. The wahala of poor power supply.

GANDALF1:
Its been selling for between 7.95 and N8 since morning, with enough offers to satisfy you.

Why are you not clearing everything

Why are there still offers on the floor sir?

Monkeyhunter

I am waiting for FBNH extended audit and dividend info to be released to the market

GANDALF1:
The most manipulated banking stock on NGX

Are you referring to the price as manipulated or the quarterly and annual reports ?

Assuming audited annual reports are okay and they should be fairly okay. At N8 UBA is one of the best picks amongst bank stocks on the NSE. Dividends paid twice a year, with at least 20 kobo dividend due in 5 months time vs (30 kobo from Zenith and GTCO). It ranges at the top in dividend yield and earnings yield. I am looking forward to buy more at N8 or less.

***CAVEAT**** This is not investment advice. DD.

Mpeace:
I just dey look fidelity now at 4, hmmm where is it headed? UBA and co better move to and maintain the gap.

Mfunkynation:
Good morning,


Just discovered that my dead analog Stockbroker move my shares to Meristem with no information about it.
Now Meristem wants me to open a trading account with them.
but CSCS Statement from Meristem and Morgan Capital has two different Account Number but CHN is the same.

please how do I know my CSCS account number?
an confused

Account numbers with different brokers will always be different just as account number with different banks will be different for an individual. It is excellent the CHN is the same as that should be a unique identifier for an individual (just like BVN is to Banks for individual identification, CHN is supposed to do the same for individuals on the NSE).

Calebbold:
United Capital Q1 2022 result

https://doclib.ngxgroup.com/Financial_NewsDocs/35674_UNITED_CAPITAL_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FO.pdf

Is this not too fast

sonofElElyon:
Dead wrong bro.. regretting I panic sold but win some lose some.. friesland wamco is my comforter.

I voted to Hold and watch as the underlying earnings has remained strong since 2021Q1 and continued gathering momentum till Q4. It was just the dividend that was painful.

Market looks good

yMcy56:
E Ku Market o.
E Ku earning season.

FIDELITY : Sighted @3.68........and the strength is still there......
NAHCO:. Sighted @5.40......and doesn't seems tired yet.......this coy gave one of the juiciest reward to shareholders this earning season......
WAPCO : Touched below 22 after markdown........sighted @22.95 as at now.....so far...
UCAP: Looks like any portfolio without this stock is now incomplete.........sighted @13.50..so far....
ZENITH : Gradually arriving KM 24..........
GTCO: Much accumulation ongoing .........presently @23.......touched 21.50 Ex-Div....
FCMB If you see Fidelity running Northwards, just know that FCMB will somehow give a chase.......... Qualification Date for Dividend is Thur 14th April.....
NGXGROUP : Lots of accumulation ongoing in this stock by some entities......

Last week dividends payout trickling into the market bargain hunting, thereby lifting the market lightly as postulated early last week.

GANDALF1:
I no sabi talk too much. Lets wait and see

We may talk and talk and create probable scenarios, only a prophet can predict its certainty. Better to have spare cash in case of a market dip which is a very possible scenario indeed.

dharpzee:
GTCO Dividend landed safely!!!!!!!!

Wapgod:
Is there a website that i can use to check the PE and PB of stocks listed on the NGX and the NASD?

Google for morning star website. They have a lot of free data on many liquid Naija stocks.

It's also very good to calculate yourself for stocks you want to buy.

https://nairametrics.com/2022/04/06/aieto-loans-uk-court-rules-in-favour-of-shell-afc-gtb-zenith-first-bank-others/

This looks like good news for these banks.

GANDALF1:
Wait until Tinubu is confirmed as the candidate of APC and potential president of Nigeria, then you will see the real pricing in.

I don't really think it's the confirmation of Presidential candidate for APC or PDP that will cause a downwards re-pricing. But rather further breakdown of law and order beyond what we are currently experiencing. There are more chances the atmosphere will improve.

Watching Ogun State Transportation Master plan live on Channels TV. The future is bright.

Looking closely at GTCO it may stay low till Q1 results comes out this month. If the results look good and departs from the poor outcome of last year, the price will not stay low again. If the Q1 is not exciting, it is bound to go further down till those dumping it finish (suspect 1 or 2 FPI's is dumping). If Q1 turns out good despite the election brohaha it will resist major price drop and instead creep up slowly as local bargain hunters cherry pick.

Generally, I think the election brohaha and the current country outlook is already priced into the current depressed valuation of most stocks, resulting in very low PE's and PB's. Should outlook change prices will start creeping up slowly. Pray outlook changes for the better and does not deteriorate further.

gbengafaro1986:
is there any possibly information about the delay in FBNH Audited 2021??

Only Unity, Union and FBNH outstanding.

Despite FBNH submitting since last week of January, CBN has not yet approved it.

Maybe it will be released with Q1.

arduino:
I go collect my own GTCO dividend from the market. Got some Afolabi units @N22.00

Some have started buying with reserve money since last week. As the reserve will be replenished from tomorrow.

lancee:
Payment Dates

Zenith ..6th Apr 2022 --- Sends N89 billion to shareholders

Uba ....7th Apr 2022 ----- Sends N27 billion to shareholders

Gtco ----8th Apr 2022 ----- Sends N79 billion to shareholders

This can cause the market to go up slightly as some investors try to use their dividends to go bargain hunting.

GANDALF1:
Visiting EFCC and taking naps there

Chai.

BabsO2:
A bull lifted the price

Where did this last hour FBNH bull of the first quarter go

GANDALF1:
Nnamdi Okonkwo held the Executive Director position until January 1, 2014, when he was appointed the Managing Director/CEO of Fidelity Bank. As the Managing Director, he oversaw the bank’s general activities. His tenure ended on December 31, 2019.

That means the good tide started with him. Where was he in the last two years ?

emmanuelewumi:
Looking at the annual report of Fidelity, earning growth is about 40% per annum from 2017 till date.


Dividend growth is about 24% per annum from 2017 till date.

This is awesome.

Is it the CEO under which this occurred that is crossing over to FBNH ?

Mpeace:
UPDCREIT: since those guys took over this company, it has been falling. Now they have declared a serious loss.
Once highly profitable company under UACN. Chai.

It started making very heavy losses under UACN. Looks like something is not really right in profitability of the property sector especially from their end. Perhaps smaller players under cutting them or the sector has issues with profitability.

Princkez:
What just happened in FBNH by 2.19pm

A bull lifted the price

GANDALF1:
if you are asking me for name, then my post is obviously not for you.

Zenith is on sales someone is dumbing. I guess remnants of FPI's whom still have a high proportion of Zenith shares.
Sales is going on in GTCO too.
UBA is not on sales as it seems no one is dumping persee. If dividend markdown is taken into view. It's like trading at N8.5 But Zenith post markdown has gone on sales. let me look for that website that has % of FPI. The last time I looked Zenith was the highest. Followed by GTCO with UBA following closely.

Mpeace:
Total have since released unaudited result which was quite fantastic. 711% increase in profit after tax. With eps moving from 6naira to 49naira. Its hard to tell why they are leaving. Something tells me its the foreign investors leaving after the terrorist attack on rail stations, airports etc and nature of things in the country.

That should present more buying opportunities for local investors then. Especially those that were praying for the price not to leave the N240 range. Their prays may have been answered. And may even get it lower

pizapato:
Total on full offer.

Could it been that some people have seen the result

Not impossible

Looking at the price trend of Transcorp. The Price went up the whole of February. With a peak of N1.34 during the day of Thursday the 24th. As if the word was oozing out that a good result has been baked. Could crystal ball gazers using TA with or without connection to stock-trade execution systems spot this apart from those acting on any spills from internal accountants and external auditors.

But by Monday the 28th of February the price started going down. The board meeting that was to hold the next day 1st of March was cancelled. The public were notified I guess at the close of business on Tuesday that the board meeting was cancelled. But somehow the price even started dropping a day ahead of this notification to the public.

The price continued it's downward journey till Friday the 25th of March with a closing price of N1.07. The public got the results and dividend announcement after the close of business of this Friday the 25th of March.

For Transcorp, seems some people acted on the good results that was not yet released to the public that they got wind of using TA or whatever. And also acted to exit on the poor dividend payout proposed by management somehow ahead of notification to the public.

For Total perhaps some have got wind of not too good results or are just speculating using TA etc.