₦airaland Forum

kotlass:
I can imagine, the name "Beco Petroleum" alone would have got you thinking "Oyel" money Crazy times mehn. African Paints, Afroil (made a fortune here though), UNhomes, Grommac (God forgive me - what was I thinking?)

I took some awful decisions o. I dey shame sometimes if my broker wan check portfolio in my presence then.

it was like anything with 'oyel' in its name

9free:
Thinking I was the only with some yeye stocks in his portfolio; Daarcom, Multiverse, Mutual Benefits, Beco Pet, Japual. Fully represented in my Longest time portfolio.

welcome to the club

... plus LASACO, STACO, UNIONDAC, ASOSAVINGS etc a result of the madness of 2006-2008, difficult lessons learnt!

natruetalk:
i c sir Agba don see dis result long term ago

if you read in between the lines of his posts, you'd have deciphered that he knows more about APR than the regular Joe

myjoy08:
http://www.nse.com.ng/Financial_NewsDocs/8686_AFRICA_PRUD._REGISTRS_2014_AUDITED_FINANCIAL_STATEMENTS_MARCH_2015.pdf


Sir Agba, over to you...

all this one na turenchi!

nyem dividend m biko

valacious:
thought i was the only one that saw this o! can anyone explain why?

Skyebank at the moment has 11.9m+ on bid / 1.9m+ on offer. What is going on!

Well, I have always believed in the banks, regardless of the noise. Seems I'll be smiling big!

Disclosure - I am HEAVILY invested in the banks. Have been since 2007!

myjoy08:
My Oga, banking sector is where to be now not the dead cat. Sir Agba..., should say more about UBCAP and AFRIPRUD!

I laugh in Swahilli!

been there, done that and got the T-shirt.

Reminds me of 2007/2008

myjoy08:
Some people have seen this results sha...No be small thing at all at all! Anyway let's go there! We are all making money this year!

as regards which company?

Kagame:
Oga say something

9m+ units of Skye on bid, Nada/ziltch on offer. Go figure!

natruetalk:
bro dis na 3Q report now

I never said it was anything else!

Listen to the presentation to help moderate your expectation of dividends come FY results

chillykelly86:
Oga, abeg give me the link to the conference call if its online... I can't afford to "fit shout"

Here you go ...

http://ir.fbnholdings.com/wp-content/uploads/2014/02/videos/FBN%20Holdings%2030.10.14.mp3

teezpee:
FBN might make people happy. They won't want to pay less than N1 considering GTb and Zenith.

be prepared for anything!

you might want to spend some time listening to their Q3 2014 analyst conf. call then make inferences from it.

Funny market!

Thanks to all those who sold me their Elephant at 6.39 and wise man's bank at 2.97 etc at ridiculous prices

indeed Audaces fortuna iuvat

GT baba!

http://www.nse.com.ng/Financial_NewsDocs/8635_GUARANTY_TRUST_BANK_AUDITED_2014_FINANCIAL_STATEMENTS_MARCH_2015.pdf

duni04:
This is indeed remarkable! Why didn't they let their shareholders know they were not exposed to the oil price slump like everyone had assumed?

They did, they were the 1st to let us know of their hedging strategy. Anyway, I have always been aware of their hedge!

immanuello:
Comrades,please what is nem bid price and offer price.

Its seems this market has refused to go down again as anticipated profiteering this week is not coming to fruition atleast for now. The much inflow is entering this market thereby making any little profit taking negligible.House what is your view please!

thought you are a Morgan client?

immanuello:
Yeah I agreed with you that both don't fall anyhow especially custodian but i still prefer custodian to afriprudential at #3.67 downward but most loved buying point is #3.35/#3.45 for me o.Well for transcorp d play is to buy at possibly next new low or #2.20.Sir afolabi,what is ur insight on ubcap that dropped to #1.32 today,inspite of poor eps of 8kobo at third quarter, 2014.do you think this stock can get lower than d new low it had on monday (#1.27).

their Q3 2014 eps was 28k not 8k!

got on MAYBAKER yesterday @1.29. Let's see where we'd run out of gas!

cuteboy2:
On FBHN: Sure, I know about their Petroleum sector exposure, but most of it is for upstream oil business which is more robust and sustainable business, than the many fly-by-night briefcase fuel importers. Exposure to downstream is well within thier risk capability - just a few of the good things Sanusi Lamido put in place as Head of Risk at FBN, before moving to CBN.

Compare their petroleum portfolio to that of the likes of Unity Bank (mostly product importers). They had to take newspaper adverts to beg their debtors to come and settle. The big boys among, also took their own full page adverts telling Unity to go to the moon, that it is actually the bank that owes them . They also called their SANs to dust up their briefs.

The difference between FBN and the likes of Unity is the strength and size of the balance sheet, and how much shock they can take without going under. Remember during the early days of telecom sector privatization, FBN financed IIL purchase of Nitel. The deal went sour, and FBN took a massive hit. Then Bernard Longe was the MD. It cost him his career. The financial world was amazed at how quickly FBN shook off that lose in a few quarters and still declared profit and dividend. Smaller banks would not have survived the IIL fiasco.

UBA is OK oooooo. I like their spin offs even better, UBA Cap and Afriprudential Registrars, since these businesses are pure play, and balance sheets are more transparent. And, off course, they have excellent dividend yield even at 2013/2014 prices. So also Skye bank @ N2. Just depends on your investment strategy and time frame.

Diamond is an excellent pick @N3.6. When it recovers, it must chase N12. Div policy & yield history also excellent.

you mean 'non dividend policy'? I believe they only paid dividend last year so as to attract better take-up of their just concluded rights

Aks:
I entered Oando this morning @ N12.91 and it's making a lot of sense. A diamond bank entry @ less than N3.64 will be a good 1 too, i entered Diamond few mins ago @ N3.57, finger XXXX

siddon look mode activated at the end of last week with diamond @ 3.57, skyebank @ 1.77, fbnh @ 6.39 ...

i might indulge in some sugar at about sub 5.5

MiCarino:
Well, that's just a little over 100%, I'm sure there can be better bargains within that three years.

FBNH comes to mind! Also waiting for FMN at sub20

Born2berich:
You be chairman na!!! abeg remember you boyz during this harsh period oooO...

BTW, did you notice that oando is now N14?

13.92

bloody!

Born2berich:
You really tried in averaging down all the way from N11..I wont be surprised when it touches the N6 mark..Patience is really a virtue.

I guess the age old advice "don't attempt to time the market" does not apply in our clime.

all the same no shaking as kids school fees, mortgage money, chop money etc are all unthreatened. summer holidays will have to be redefined sha

feelamong:
The next weeks in this market will be make or burst for many people.....

I have decided to just wait out the storm but with an eye on FBN only and also on FCMB just in case I can take my tasere 10% profit earlier marked

oh boy this thing no get part 2 ooo.

started buying FBN at 11.82, been averaging down like there is no tomorrow. Anyway, my holding period is eternity!

looks like the Elephant is loosing its N7.00 support! currently at N6.8.

N6.00 may not be a dream afterall

immanuello:
please has anyone witness any problem with morgan itrade cos i couldn't log-in, it kept on telling me another user with the same username have logged in so i couldn't understand this again.

you may not have properly logged out from a lparticular session before attempting to initiate a new session! probably closed a browser? you'd have to wait for the system to time you out

Chibuking81:
If your buying must be now, buy first bank at #7.50 or below, for two days now UBA seen to be high at #3.85, but if you see it at #3.60 and below, then buy first bank with half of the money and UBA with half of the money, Okomo oil at #23.90 below and Dangote sugar at 5.20 below, both are also ok. Buy now and sell by next week, but if you can wait till begining of second week of february, more better. (the best time to buy at cheaper rate is usually toward the end of the market period, between 1:30 pm and 2:30 pm)

may not always be true if the market markers are interested in the closing price!

gentop1:
house,pls who knows the registrar for CUTIX

I believe it is EDC Registrars (former Oceanic registrars)

FrankTalk1:
You can consider Cashcraft Asset Management Ltd. I have been using them for several years now. They also have online trading platform for you.

Cashcraft? u get liver oooo!

ifeykay:
Bnsitl, Is anyone able to trade on the Morgan Itrade? Am unable to do anything, it comes with the error message "Session NSE Fix not connected"

it gets automatically disconnected from the trading engine at 2.30pm local time

chukyjones:
not bad... not bad at all. Abeg which one be FMN?

Flour Mills of Nigeria Plc

chukyjones:
you for sell at N4.00 like some dudes did some few weeks ago. my thought though..

was gonna hold it a bit longer! bought at ~N1 sold at N3.70. Fairly tidy in my opinion. This is the second stock I have ever sold since 2006! (In 2009 or thereabout, I bought FMN at N13 and sold at N27 ...)

Most probably, will move the proceeds to FMN

Just sold off my IkejaHotel, then read read the brouhaha surrounding the AGM today!

http://www.dailytimes.com.ng/article/sheraton-forces-over-200-shareholders-hold-agm-outside

e no de hard 'Ihe mmadu aghoro ihe onye ozo'