₦airaland Forum

onegentleguy:
FO... FO... FO !!

...that over 2.7M executed @ N16.35

I am calmly watching 'them' in 8D.

#SittingPretty

Mr Truth

Goodmorning House.
Please comment on CONOIL PLC: BUY/AWAIT RECCOMMENDATION. I am interested in this stock.

Na waaa oooo. Everytime tell me what to buy, tell me what to buy.
What if you buy whatever the person tells you and the next day the stock performs Skye-to-Polaris transmutation nko?

Anyway I get plenty LASACO to sell

leo1234:

What happened to all her plots of lands?
Cc: Locodemy

What a question

Since you asked, she took them with her.

mendes911:
Pumping777...
FO2.
Sir Waan$$$.
And ....

Nosa (aka Sabinus)

kolaish:
That is the problem with UBA. Though the bank always have good numbers to back it up, but when it comes to capital appreciation, it could be frustrating for the holders. FCMB and other small bank would have returned 150% appreciation before UBA will be struggling to give you 75%.

The market is not very happy with her exceptional items of 07/08 era

PharmAlfred:
What is CBN trying to achieve with this? First is was proposed increase in VAT. Looks like the country is broke and the govt is now looking for every means to earn money.

short term pain, hopefully long term gain

OakPearl:
Suddenly, those of us who were busy cherry-picking and accumulating juicy stocks with mouth-watering dividend yields at give-away discounts when the market appeared endlessly stagnant now look like geniuses.
Keeping it simple does it.
It's not rocket science after all.

#CongratsToAllYouDiligentCherry-Pickers

Not yet uhuru IMHO

onegentleguy:
Those lower price trades were mostly executed @ less the single block vol required to capture them on the trade book.
...which in this instance, should be 50,000 units.(category B coys)

No need to fret at all.
FO will move when it will !!
Those who have a sound reason for buying should know better.

Cheers.

naaaaaa

i jumped with both eyes wide open

it has its rightful place in my portmanteau (aka 'potumantum')

onegentleguy:
No.
It actually closed above N16. ...N16.35 to be precise(a 20k loss from PC of 16.55)

oh thought it closed @15.7.

all well ...

Princkez:
after buying 17.35...

yours sincerely put in a cheeky bid @ 16 when it was 17+. came back 2hrs later and saw a green line. The thing come close for sub 16

locodemy:
We need more clarifications on this.It is somehow contradictory now.

Where is the contradiction?

You need to understand the difference between issued shares and share capital.

As clear as daylight
The matter is str8 forward. (O kwu oto ka utu)

eziokwunwoko:
IS THERE A POSSIBILITY THAT UACN WILL DO A RIGHT ISSUE TO SUPPORT UPDC RIGHT ISSUE.IF THEN OS WILL INCREASE.
I MISSED THE OPPORUNITY TO BUY @ 4.5. I AM CONFUSED.
PLS WILL DANGOTE SUGAR FALL TO N6.00 because N8.O0 PLUS IS EXPENSIVE
CAVERTON ; what is the ideal price to buy, can they pay 40k dividend

Chai, even the JAMB wey I write in 87 easy pass these ones.

robobo:
exactly my tot also that is why i referred to it as flagship. though i wasnt aware of the PF angle u just brought in.

i pose the scenario / question to oga bigjay so he cld look at those scenario versus his gut feeling. Also i wanted to be sure i am not being blindsided

thanks appr8, so oga bigjay we go to the next one since HF is out of it

where lies the next outsize movement oin NSE?

Is his investment in HF performing optimally? Honeywell is a conglomerate, are there other businesses in the group that can do better with more cash?
Will the competition and choke hold of Crown and FM in the flourmillig space be suffocating?

#RandomThoughts

Mpeace:
Don't worry ur sef. We miss some, we hit some. Na de next carcass stock we dey find after dangflour.
Something tells me its in the banking sector. (Emefiele recapitalization)

don't know why i keep thinking it will be HF

Spiritual aka Xtal ball analysts wey una

Mpeace:
Dangflour has reached my Target price, but I done beg village pple to allow me hold until the deal is done.
I concluded my E-dividend mandate already.

the best play would have been to sell DF @ N21 and collect the balance from UACN at 4.5.

then again, i no get xtal ball

OakPearl:
Na drinking water levels na.
As for holders like me, we dey for the long term.
Drop further, we buy further.
It will be interesting to start earning N1 dividend in the next 2 yrs from a stock accumulated between N5 and N6 each.

we buy on the dip indeed. Our killing is made in the buying.

If you are a long term player, no shaking (no be for kwaa kwaa companies ooo)

The bear was only taking a break to drink water

UACN how far na?

phemmie06:
Thanks, I once visited the firm last month before then I made I sent a mail and I was called by someone from the firm asking me if I have filled a form for the conversion? I was surprised but when I got to their office, I was asked to forward the mail I sent to the registrars to them and which I did. The mail was forwarded to the registrar through them alongside with my transfer form. But till date I am yet to hear from them. I sent another mail last week to united securities but they told me they want to confirm my transfer form.
Thanks

Were the holdings in your name in CSCS? If yes, then the transfer malerky is utter BS.
Wetin concern stock wey already dey 4 CSCS with transfer form when there is no beneficial party...

The same reason why I will sell all my DF if it ever hits N23ish (greed?) before the take over

Jejebabaa:
Oga mi sir. I am shocked to hear this from you oo especially knowing that you earn in forex and your expenses are in pounds. I hope you are doing the true yield (in GBP) on your investment sha. If someone whose expenses is in Naira, i might decided not to reply but coming from a person in diaspora, we need to keep things in the right perspective.

To an extent you are right.

In 2007, I exchanged £1=N250 ish. Today £1=£440, this implies ~44% exchange loss.

I have a few shares bought in 2007 that have done more than 4 baggers.

I am currently holding Nascon I bought May and Aug 09 for an average of N3.50. No amount of xchange loss can wipe away all the baggers (for now anyway)
I am currently holding truck loads of NEM at an average of 56k.
etc

There are also a few not-so-good moves (aka school fees) Big treat, Oceanic, Multiverse, Chams, Dunlop and a few other insurance stocks

Dividend-paying long termers still pays (for me anyway)

aremso:
But in my own view the personal bailing out and re entering at lower prices would still accumulate more wealth than you even with all the dividend. Just my own opinion though cos I have practically done both

As I no ve technician nko. Am not schooled in the art of timing the market, so lately I only pick fundamental stocks at my comfortable junction and not worry so much about highs and lows etc. I just de chop dividend de go.

Witches:
you mean you did not take profit at 9 naira? why ?

do you regret not selling high?

Regret ke? Me na loooong term I de dooo ooo. What of all the divs I have collected since? My UBA holdings is sitting on a very +ve position.

My old man is 83, he still has a lot of shares bought in the 70s.

I can preach a very good sermon on long term holding

Coolcash1:
I still can’t understand the sense in the fight between yayira and mcy56. Like @currentprice said having such unstoppable e-fight on a faceless forum like this and without knowing each other from Adam is really amusing.

I think you ladies are just infantile and really need to grow up. Even when we offend our creator he forgives us. So I don’t know why the duo find it very difficult to bury the hatchet.

Let peace reign. We are here to only make money that’s all!

With access' aggressive ambition, one day they'll come knocking.

Impossible is nothing

onegentleguy:
On the part in bold, u may not be far from the truth !!

I did mention in my analysis of the coys 2018 YE financial print that over 41% of key loans could not be accounted for in that result.
The bank(FBNH) was the only 1st tier entity to get a forbearance from the CBN on the implementation of IFRS 9 guideline, yet its qualifying capital benchmarked against its total loan portfolio(CAR) has been CONTRACTING. ...YE 2018, Q1, 2019 and H1, 2019 all witnessed series of contractions.

Fresh findings;

Looking @ their H1, 2019 report last night, I noticed that the slight decline in NPL(to circa 14.5%) was mainly because the loan to Atlantic Energy(a key exposure) has been written off(probably effective from prior yr). ...that write off alone was over 126B. ...which was why there was a reduction in gross loan.
However, net loan grew by near 44B(QoQ), perhaps from the pressure of trying to meet up with the CBN requirement on LDR. ...and since prior net loan position hasn't delivered any noticeable return, pressure from LDR may likely persist in the short to mid term.

2 things are @ play here;

1) Prior provisioning(huge as it seems) hasn't come off with any impactful recoveries. As a result, higher loan portfolio have majorly brought about higher risk assets.

2) The bank has not managed to tweak their investment drive to help aid the shortfall of their unhealthy loan portfolio.

This 2 can only happen because management have either been playing pranks with the banks capital or are grossly INEFFICIENT !!

FBNH should be 'approached' with CAUTION !! ...AsY and AsQ has underperformed and @ the moment, there is no clear direction to growth trajectory.

Enough said.

read sub 3

currentprice:
woman eenh ^{yeriya v mercy}

funny be say both never meet before o, never see each other pic. even if they waka beside each other on the road today they will not recognize each other. i wonder y the bitter

Women - can't live with them. can't live without them.

pluto09:
It was not only FBN that had that run in price at that period of time.
Some stocks with worse fundamental even did better in term of price appreciation.

For now , FBN is still lagging behind.
Among the first tier banks, they have the worse fundamental. And why would anyone buy now when we have better options if not because of the name and sentiment. This however does not mean FBN cannot return a higher percentage in term of capital appreciation.

Bottom line, we must all be able to define what we are to buy...we could be fundamentally, technically, sentimentally, spiritually driven...

Didn't they take a hit on seawolf loan of over 150m USD (N99B) a few years ago. I fact, rumours had it that ogas chop clean mouth on that one

Nigerian CEO looking after themselves since 1914

http://odili.net/news/source/2010/jan/21/403.html

Valueinvestor:
The stock na real juju stock o,imagine some years back i was doing shakara with this stock at 2.97, when our oga even sold a property to buy at #3 +, the rest na story,this stock actually got to #9 +,abi na 11 sef in recent times,infact i just dont want to do the math.
When you ever think that this same stock has gotten to around #70 in the past(when nse was still nse) ,the laws of attraction cant but set in ,in ones mind.

Indeed old wine tastes better.

Caveat : Not a buy recommendation(not my style anyway),just playing around my watchlist

I still have UBA bought at 2.95 on 12/02/15

Me I be hoarder ooo. Na so I still de hoard 200k units of Big treat to mention but a few. All na school fees receipt of 10yrs+

Mpeace:
Mine did not reflect until I called Morgan Capital. They did the reflection within 30mins of my call.

Maybe the manner in which i was paid!

initially they wouldn't pay the cash consideration unless i fill out the form. I refused to fill out the form (and never did).

my argument - the shares were properly mandated and deposited with CSCS since 2007. Why was I required to to repeat the whole process? Never mind that i am offshore, so physical representation is a non-starter! So I wrote directly to the registrar and presented same argument. He didn't reply, however, about 1 week later I received a few bank deposit alerts for all my share accounts (3 brokers hahaha).

I have always thought that the share deposit would be automatic at some point.

Maybe it is time to open my email again worse case scenario, i pick up the phone and jand up!

Which number did you call pls?

Mpeace:
Nice one from Access. 25k interim dividend, not bad too.
PAT (2019) 63billion, (2018) 34 billion
EPS (2019) 1.93, (2018) 1.38

Cheapest Company On NSE I Guess.

another GT in the making. (IMO)

onegentleguy:
It(the swap for diamond by the equivalent proportion of access) was done almost immediately DIAMOND was delisted from the exchange.
In principle, the delisting pulled off every OS of DIAMOND from all investor holders CHN(the warehouse) and replaced them with ACCESS @ a 7 for 2 exchange ratio.

So unless, there is a problem with ur A/C or broker, u ought to have been credited with ur equivalent vol of ACCESS long before now.

I'll advise u try comparing the vols of ACCESS u had in ur entire portfolio JUST BEFORE and AFTER the delisting of DIAMOND. ...and see if there was an increment by a 2/7 proportion to the total vol of DIAMOND u held post merger(assuming u had some access prior to then)
Sometimes u may never really take notice of the change in vol.

Alternatively, u can check with ur CSCS statement of A/C just before and after the delisting for proper verification.

Hope this helps.

OGG, I asked because it hasn't reflected on my CSCS though I was paid the cash consideration on 19/07

Has anyone had his/her scheme of merger access Bank shares credited to their CSCS?

Agbalowomeri:
Oga Bigjoy u stilll dey count pounds this night

No be small thing ooo