Elai147:

@ihedioramma, CRR is the amount of money that banks have to keep with CBN as cash. CBN has increased it from 12% to 50% because there is too much liquidity in the banking industry. For example, if a bank’s deposit is N100 the bank will have to hold N50 with CBN as cash and will only be able to use the remaining N50 for investments and lending. So generally it means banks will have less funds available to them and therefore the money in circulation is reduced. This is my layman understanding of it... Someone should correct me if I'm wrong.

i thank you the NL way

obadiah777: what lagos needs to do is to censor that loquacious and belligerent jagaban

WELL DAYUUM

Nigerian Stock Exchange:

1. NAICOM Meets Insurers over Delayed Financial Reports

2. SEC Urged to Approve Wema Bank’s N40bn Capital

3. Investors start week on pessimistic note as stocks plunge further

4. Stockbrokers’ll be ready for new trading platform –ASHON

5. AIICO Insurance Plc declares 8kobo dividend for the year ended 31st Dec, 2012

6. MORISON declares N19.2m loss in Q2 '13 result

7. FLOURMILL declares N3.63b PAT in Q1 '13 result

8. MCNICHOLS declares N8.4m PAT in Q2 '13 result (oga 9free and oga Elai transport allowance pass this sef )

9. MOBIL records increased Post-Tax Profit; DLM upgrades to HOLD

10. ARM upgrades Oando to NEUTRAL even as topline decline continues (am waiting at N9)

11. International Breweries’ shareholders endorse 0.25k dividend (watch out for this stock)

12. Ethiopia, Tanzania hail Dangote’s new cement plants

13. Inflation rises to 8.7% in July 2013


source: www.proshareng.com


Enjoy.

Elai147: Oga b2br welcome back sir. We missed ur posts...


AIICO Insurance Plc
Proposed Dividend: 8 kobo
Proposed Bonus : Nil
Closure Date: 2nd– 6th September, 2013
AGM Date: 17th September, 2013
Payment Date: 18th September, 2013
AGM Venue: Ochid Hotels Limited- Plot 3, Dreamworld Africana way,
Immediate right turn, right after the 2nd toll gate, Ikota-Epe Expressway, Ikota- Lekki, Lagos.

Source: Proshare

Oga Elai, i hail o..missed u guys too.
Thanks for posting the breakdown.. you too much.

mercylicious:
Aiico pays 8k per share

thanks alot oga mercylicious..u too much..abeg can somebody post the breakdown as i am findin it difficult to do so at the moment

presiade: Please what's happening to bloomberg since last week

u can also use ft.com however, i noticed that both website hav nt updated the price list for today.

stanchuks: Hello Ogas,

I have an issue and would appreciate anyone that must have had same experience
I purchased courtville before the markdown, which means i qualify for its dividend and bonus
I am in the process of changing my broker for reason i would not like to start explaining,
My question is, would i have a problem getting my dividend and bonus, since this stock was bought by my former broker, or do i need to do some documentation to specify that i am still same person from the other broker?

Thanks

oga stanchuks, changing ur stockbroker shouldnt affect u frm getting ur dividend n bonus

stockbull: the goal is not only doing the good work but training minds of good nigerians to hold the paddle.those days when i begin following the financial market,many complained but here today.it's all for good brothers.am proud to be a farmer though,an industrial farmer

finally, our big boss came out of his closet..u are welcome back to the house bro..ur stock analyses nd picks are highly needed

ihedioramma: WHO BE YOUR OGA? pls teach us stockbull don enter farm we no dey get his reply like befor, teach us what crr or what cbn call it ? is it in all banking? so you want to tell me gtb is not banking stock, i se it in your portfolio why?

Lol..na u be my oga nw..so stockbull don enter farm? Lol..
BTW has anybody recieved their sterling bank dividend warrant cos i am yet to recieve mine

9free:
Oga B2bR, abeg no put ''katakata'' where me and Oga Hispy dey oh. Everybody knows him level for where Mercy dey. Oga Hispy na her first Love while me as small boy just the love from distance.
#hides behind sofa#

LOL

question:

Why, please explain?

well boss like oga 9free said, one of the reason is the negative perception of SLS CRR policy in banking sector which we all saw the negative effect it had in the nse this wk...secondly, while i was away, i thought to myself and asked how many banking stock has given investors 100% appreciation and above this yr wen compared to other non banking stock? I believe that am still blaming myself for nt buying some non banking stock that caught my radar this yr and nw has given about 300% appreciation..
Anyways that is just my own coconut way of thinking

9free:
It may not be far from fear of the perceived negative effects of Sanusi's CRR policy on banks profitabilty ratios.

yes boss..this is one of the reason..also imagine having alot in firstbank since ending last year and up till nw no better returns in investment while other sectors are giving wonderful returns.

ihedioramma: WHY DID YOU SAY SO? FOR EXAMPLE SO IF GO TO YOUR PORTFOLIO I WILL NOT SE 1000 FBNH,UBA OR ACCESS? IS THAT WHAT YOU ARE TRYING TO TELL US?

well my oga..i have ported out of banking stocks for nw..if u see any banking stock 4my portfolio nw, make u mace me.

mercylicious: @b2br,
We missed u too. It seems u went to spend ur loot in the caribeans.

my only sister on NL and SMN. ur boy miss u and everybody.

hope say oga hisp* or 9free don drop the expected kola and wine for ur head (abi una still dey play boju boju)

Caribeans ke?

if na there i go ,i doubt if i will return back to naija...lol

9free:
Welcome back Chairman, missed ur contributions both here and SMN.
Where went thou?
What did you bring back for the boys?
Welcome.

My Oga i dey dobale mode o...
i go on small family time with my peeps.
bros no vex sha, na groundnut and chin chin na im remain, unless u wan make we branch mama ejiro joint later this evening.

i have really missed alot on this forum

long pages to read

Elai147:

The thing tire me too. Na wait and see mode I dey now. Just take a look at a penny stock like Champion Breweries being technically tagged as " The Champions of NSE"- the best stock so far in this year... More than 46% gain in 4 days... This was a penny stock that posted a negative PAT for 2012 audited result and even for 2011. Does anyone know exactly what is happening here...?

Champion brewies has made an amazing 270% gain within 3months and 440% with the past one year . no fundamentals, no positive result, nothing good, yet the stock is the champion of this year.

It is as if the stocks without strong fundamentals(Jos, champion, WEMA,FO,etc) are the ones making gains while the ones with strong fundamentals( first bank and co) are still dancing makosa in one spot.

God help us

mercylicious:

Hahah. U don see how aiico release good result, nem come enter bid instead of aiico. The market is irrational at times. I no blame person wey talk say na prophecy or juju wey ppl fit take invest in times like this. But are we still expecting div frm aiico abi no div? Nem is grossly undervalued though, but if I comot from aiico, bye bye for insurance.

Sumone actually mention sumtin abt zenith result and crr, the effect of the crr is expected to be seen in the 3rd quarter result as the banks were debited on 8th aug for the first time. So for now, we just invest with care in dt sector.

As for me and my house we have removed our hands from banking stocks till further notice.

Elai147: AIICO declares N1.32b PAT in '12 Audited result
http://www.proshareng.com/news/20737

This is good news relatively to Q2 2012.


TOTAL PLC: a diamond in the rough
http://www.proshareng.com/news/20734/TOTAL-PLC--a-diamond-in-the-rough

I can't stop loving this stock- one of my favourites...

Any coperate action from AIICO

mercylicious: Ive seen the results.
Thank God.
Atleast i should be able to recover my money.

Finally..waiting patiently for NEM. but make i check Aiico result first

9free:
You go wait tire!!!!! Stock way I enter @N12 na him you want make e fall to N5 abi?
E no go work for you walahi.......

I am serious praying for Oando to collapse to around N4.50 to enable me do enuff cherry picking.

BTW no be you dey pray make other stock to dey fall.

Omexonomy: why no. I know first bank will soon bounce back but as for oando i have nothing to say.

firstbank will definately bounce back but nt in the short term and that is the basis why oga 9free said NO...anybody investing in first bank and oando should zero his mind for long term investment

seangy4konji: did he dieded

Na wah for english o

Only in Nigeria you will see a man playing footbal with agbada and walking stick..LOL....

FINMGR:
This will need a lot of explanation. you can PM for a tutorial on buying and selling of shares on the NSE.

Also it is advisable for the individual to go through the beginning of this thread for further understanding.

Nigeria Stock Exchange:

1. Despite valuation boost, Okomu Oil Palm is still expensive, SELL rating

2. ARM cuts Fidelity Bank’s fair value and rating to NEUTRAL

3. VITAFOAM declares N480.4m PAT in Q3 '13 result,(SP:N4.4k)

4. Recent decline triggers ARM’s NEUTRAL rating for Skye Bank from last review

5. Nigerian Equities Market Outperforms SA, Egypt, Others

6. CADBURY records modest Revenue increase; DLM recommends SELL

7. DLM maintains BUY recommendation on WAPCO on positive expectation

8. Berger Paints floats N543.42m rights issue

9. Dip in Banks’ Profitability Underway


Source: www.proshareng.com

So-brit:
Wish the money i'd put in oando nd oceanic was in ap oil

Thats the stockmarket for you bro...thats why nobody can accurately predict the stock market..BTW has anybody noticed too that IPWA has already made over 100% price appreciation in less than 2weeks...

jideflash: Who can borrow me 1 billion naira, make I use am buy okomu, courtville, nem, 1stbank, afripud and ubacap for now.

My name is Jide Buffet.

So u don join mercylicious were like money like dis...chia

but why Jide Buffet and not Jide Dangote

Nigeria Stock Exchange:

1. BERGER declares N100.9m PAT in Q2 '13 result

2. SKYESHELT declares N63.1m PAT in Q2 '13

3. Ecobank clears air on allegation of financial probity against ETI's chairman

4. TRANSEXPR declares N28.04m PAT in Q2 '13 result...(this one na oga 9free transport allowee )

5. Inflation falls to 8.4% in June 2013


Source: www.proshareng.com

jideflash: this is the best thread ever on NL, filled with matured intellects. May God bless our Investments

Amen bro

saanil:

When is GTB reporting their 2Q results?

We have to wait until is it officially published on the nse website