₦airaland Forum

rebekah2011:
When I saw the profit warning, I also went into panic mode but I checked on the figures for 2018 and 2017 and Q2 2019. The turnover for the 3 periods are as follows 2.3b, 1.8b, and 1.65b. How they ended up budgeting 2.6b turnover for Q3 was totally ridiculous. As of Nov 2019, the turnover is 1.8b meaning that Q3 2019 may likely end around 1.85b, higher than full year 2017. It must also be stated that the expenses of the coy have gone up and the profit for 2020 Q4 may likely end in a marginal loss or lower profit of 109m declared in full-year 2019. 50kobo will be overkill as UPDC and many other bad stocks are not even selling below N1. If it gets to N1 or below, I will try and buy more. But the price must definitely go lower between now and next week.

My average is currently N2, i'll begin averaging down to the 1.5 region at the slightest sign of overkill.

How many companies listed on NSE issues profit warnings? even the ones on live support!

Speaks +vely about the management

Jejebabaa:
Mine is 60 months (5 years) though, I think most forex loans are in those time range 36 months to 60 months more or less.

i was referring to money transfer credit cards at 0% interest for 3 years.
Ex a CC with £20K limit will generally allow you to draw about £18k (90%) with a one off fee of 2.99% (£540).
Do the maths!
Barclays is offering me one at the mo, with 2.99% fee.

RabbiDoracle:
It can't meet it. Even your DY sef will beat the interest + part of the devaluation.

so true! unless they do 15%+ devaluation.

Lots of 0% 36mths money transfer CCs about in this neck of the woods.

Am just maxed out on equities!

fxuser:
um
dec tinz

was always the reverse, when people come home during Dec, Naira would always be marginally strong due to supply tinz

RabbiDoracle:
The upwards rise starts today.

This is close to 99% chance that banks will start to rise. And rise fast.

O boy you have balls to make such a bold call.

currentprice:
we dont talk, when we are chopping oyel money

Ekuu mkt o

The bear is very much around!

Agba how far na?

mendes911:
No Sir.

You can on Morgan, until 2.28pm.

Ok, I will attempt it later this pm

mendes911:
Market enters imbalance trading period from 2.20pm and you still get to put up buy/sell positions until 2.28pm.

Then the xgen system will match all qualifying orders and do closure by 2.30pm (that's when you see market activity pouring in like water). This is also the period MM decides on where they want prices to be.

I have also noticed that one doesn't have this option on all brokers platform. I might be wrong though.

Definitely not on Morgan iTrade. After 2:19pm Chikena. Though one can still edit orders already entered before this time.

owoblow77:
Sir Loco, all 3 stocks; FCMB, FIDELITY, & UACN, have delivered about 30% in the last 3 months. Also, no share price moves in a straight line. Even if a stock will deliver 1000%, it's price will move in a zig zag manner. So all stock prices move "irrationally". Also, when you say "oxygen" , do you mean cash? UACN simply wrote-off a bad debt in UPDC, on which they may still get some cash back. Banks carry NPLs too. Provided current assets can meet liabilities, the company is not a going concern. I own all the 3 stocks, just trying to provide some perspective. All prices are right per time, they are largely influenced by perceptions, speculations.

unless you mean they are going under!

PETERiCHY:
OANDO will close the year @ circa N5 so wait except you are in dire need of cash.

As for HONEYWELLl na LOCO be their bus conductor so he's in a better position to answer

Nna m, you know well enough that you never make absolute statements in stock markets in general never mind Nigerian stock market particularly.

Mpeace:
Lol. I had to read the post again to see where he was mentioned, but couldn't.
Now I know...

That is definitely not the OGG I have come to respect. A million miles far from it!

Loco, OGG, CP - please remember the 1st topic in DE-ESCALATION 101 is Hold your counsel!

millennium2012:
The Alert I received from Meristem Research team concerning FCMB is SELL, (with UPP of -15% ) since 25th Nov. I offloaded all my stakes @N2 on Thursday.

Just waiting for reaction based on the released Result, and may be I will re-enter.

Better safe than sorry

DeRuggedProf:
Which Pilot carry Zenith pierce clouds?
Caverton must pay for this.....

IchimokuPilot

onegentleguy:
Sharp man !!

Seplat's been ranging, bought at £2.2 on listing, costs me £5 monthly to maintain my account. I didn't want to commit new funds into the market. Hence the sell.
I could have arbitraged by buying locally and saving N50 per share, but UACN presented more upsides.

OakPearl:
Solid!
At some point I got tired of shouting "buy UACN".

been buying all the way from 9s last year down to lower 5s a few months ago.

This last purchase though at 7.5 has dragged my average up to 7. i am done buying unless I see it in the 6s.

no wahalla!

OakPearl:
UACN being raided!
Small, small oh...no be fight.

Just sold Seplat to load more! Target reached!

RabbiDoracle:


Very romantic explanation

I'll say, a very sexy explanation, very succinct

pluto09:
It is OK if you have checked their financial result.
My sincere advice, most of the people you see here who claim to use spiritual, sentimental or gut analysis are well grounded in both FA and TA.
Somebody like Agba will use 8 months to study/analyze stocks/market before using gut.

The famous prophet Utuocha of SMN got his fingers burnt severally with his direct vision from heaven in picking stocks

Do your home work and know the reason you are buying a stock.

The same utuocha may have made a killing, buying FO @8 only to see it @300+ about 12months later.

Mpeace:
FBNH can only go up. They have substantially written off their NPLs. Impairments should reduce, going forward. PAT can only go up.

that is what we thought 18mths ago!

owolabi5:
But someone quoted #5.00 IF, they win the court case, Now I think that is high.

I did!

The #5+ will depend on how much they get awarded from the court action (If they do).

owolabi5:
Someone predicted #1.00 bus stop

Wonders can happen here

Watch this space!

If the court rules against MC, N5+ may not be far fetched. Then again, it is a big If

PETERiCHY:
UAC of Nigeria Plc closed at N7.60 in yesterday’s trading session on the Nigerian Stock Exchange (NSE), down 0.65%. Year to date, the stock is

Investors that have held the stock, in the last 5 years, have lost a key chunk of their holdings. In April 2014, the stock was trading at N53.78. Investors that have held since then, have thus lost over 85% of their holdings, in terms of share value.

https://nairametrics.com/2019/04/04/uac-of-nigeria-hits-10-year-low/amp/

Let me help someone's ministry if you know you know.

BARGAIN HUNTERS BETTER FOLLOW THE MONEY & DONT BE LEFT BEHIND!

*ThE OcToPuS*

As per you meme:

Onye kpu igu ka ewu na-eso.

if you don't understand, translate.google.com is your portion

Valueinvestor:
OK noted,i just guess, all i do is check, a few indices on the quarterly report,however i find it hard to take my eyes off,a troubled stock showing some improvements.Getting the stock at the right price,will surely pay off.i narrowly missed it at 0.54 (limit order) some weeks back.

with over negative #338B retained earnings?

rebekah2011:
Learn Africa this year is not looking promising. The last 2 quarters are going to end in losses. Ditto for UPL but the figures for UPL are better this year than last year. 48k eps for Lear Africa as against 74k for UPL

shhhhhh

onegentleguy:
CONOIL has already gone on full bid?
...it's alright.

And so shall FO when the time of reckoning comes !!

Back to watching NG STOCK MKT NEWS, CNBC and BLOOMBERG on TV.
...there'll be plenty of news this month.

It is well.

just had my last top up on Thursday!

I romance the unpopular but good. Chai!

TraDeRR:
Lol why you asking?

the quoted statement (amongst others) implies otherwise!

TraDeRR:
The news that would have propel the price was this power news but that while the government took to appoint ministers kidda killed the vibe.. I heard a minister’s signature was required but that office was empty.. “I heard oo”
I just pray bubu will give us our money or say something about it and the power sector to gear up price again. LOL

thought you are not a Nigerian?

currentprice:
thatz true bro. reason i use to say, uba shareholders should be happy the more Access price rise

u will see magic soon

for the same reason on 08/11/19 I said ...

bigjay01:
eventually it will get to Mr As territory. Time!

If you know, you know!

rebekah2011:
I have collected dividend twice now. 10kobo plus 15kobo. But my average cost is still high. N2.16. i do not know if I will still get 15kobo this year again or more.

Mine is down to 2.11

Next attack will bring it down to N1.7 then I'll sit back.

Happy to be collecting dividend until ...

yok:
rebekah2011 post=84025208]ETI that the legacy debts inherited from Oceanic Bank wan kill. The way of that Bank is not pure.

Today I am posting as myself yok.

I love this comment by Rebekah, I will support her. Our expired 3rd qtr forecast (which was was close to actual supported this). When there are better bush meat (stockfish) in the market, why do yo want to be eating PONMO!!!

I just want to say like Agba, who may be enjoying bushmeat somewhere by now, but we are enjoying our stockmeat or is it stockfish here.

EKU BULL MARKET OOO, YAKPO TUBA (that is my own Ibo and my own spelling or is it ibibio)

when Obi was a boy, this speak/lingo meant a lot of things ooo

rebekah2011:
ETI has been enmeshed in one controversy with PIC (one of its majority shareholders) Not sure of the financial state of the coy. They are always turning out fantastic financial print but no cash to back it up and always fond of raising capital as they need it in perpetuity. No dividend now for many years. The rule is if the price no rise at least someone must chop dividends to calm fray nerves.

no dividend, no capital appreciation = run 440 (as we used to say back in the day)

eziokwunwoko:
Thanks for the information.
i should buy UBA, IS IT OK

oh boy na waaa.

even if you get a 'yes' for an answer you'll always come back to ask 'do you mean yes'?
o di egwu really