₦airaland Forum

Fxuser, Bullbearmkt, ruggedprof

If you have 1000 units each of dangote flour and FBNH and you have a need that requires you to sell from either.

Fbnh BEP is 7.12 hence a sell at the current price of 5.78 will bring a loss of about 1500NGN.

Dangflour is currently gold and is expecting a rally soon coupled with the year end dividend in view. Profit already made but target price not met yet.

Which will you recommend a sell on?

stcool:
Mr. Cadillac, kindly take a walk.
I don't preach anyone into buying any stock because I am holding the stock or asked anyone to sell.
I wont be as foolish as you to advise anyone to put their funds inside sterling bank.

Leave my funds, its not yours. How I trade with it none of your business. If you have so much sterling you think the Q2 would move it, then you better choke on it.

My instincts tell me you are the same person as locodemy. And my instincts doesn't fail me.

Continue with your follies. God will catch you soon

locodemy:
I am sorry.I must tell you when i am buying and use wisdom to sell.For instance,i am planning to enter fcmb again.its gonna be when it is bottoming out in price.The chart will direct you on how to know.If i and you enter at a good price,pls begin to use wisdom to know how you will exit yours.
i am telling you now because i will still use any way to sell mine.The [b]pattern to use to dump stocks are confusing,afterall analysts,brokers and players are also involved [/b]in this act.pls note it now.

See justification � It is well indeed. Thats why i never take anybody serious here again. This thread is just what it is now, a Bragging Joint �

locodemy:
Dont let the market confuse you.The PAT does not matter when comparing fcmb to diamond bank.what matters is who pays dividend to shareholders.
secondly,remember that fcmb surprises the market anytime any moment.They can use only one quarter to improve in earning and profits.Now you are biased on fcmb,you might see a surprise from it come october when the Q3 result will be out.I am telling you this now to start using wisdom to make decisions before you regret any choice you made for yourself.Start now to pray for God to show you which among the Tier2 banks will outperform the market.

For me,i will continue using fcmb.knowing when to enter and when to exit is the koko and i am sure of collecting another dividend next year no matter how small it will be.volume will speak for me by then.

Just to comment on your post and to remind you of using wisdom.

Whats all this non.sense talk about wisdom? That word is mostly used by cheats and 419ers

locodemy:
If i no sell make i drop dead.
what is my gain if i die now and another eats my sweat.
The money i have been carrying is the sales proceeds from fcmb.Now i am happy to see a drop in PAT so i can make my holdings at least 30m units by september without adding extra money.
Tritri,i told you to email me privately yesterday but you refused.
wisdom is needed to make money.

I sorry for those who take you serious going forward. Deceiving people and also rubbing it in their face that you are wiser than them? Man, you are a heartless MBAISE man

stcool:
Nothing but a vacuum

Are you peterichy? You are just everywhere blabbing as if your fund can bring down the price of japaul oil.

If you are looking for cheap shares, continue bidding with the change in your pocket. Hopefully, one slowpoke will carelessly click the sell button to you.

But until thst happens, take a chill pill and stop this monkey hunting nonsense please.

I need an HP Pavillion DV6700 motherboard. Whats the cost?

Intendy:
http://nse.com.ng/Financial_NewsDocs/18916_UBA_PLC-BOARD_APPROVAL_OF_Q2_ACCT_CORPORATE_ACTIONS_JULY_2017.pdf

Uba is paying interim dividend.

Those waiting for stocks at very ridiculous prices are just wasting their time. Recession is almost over, inflation rate is dropping M-o-M, and we are not expecting any political crisis at the moment except bad news filters in from London and even that will behandled appropriately as we have been there in the past.

I re-entered FBNH at 7:15 and i am not selling until Km 10, so you wont see my unit to buy in the market

My dangote flour lost an appreciable sum in terms of profit, but you also will not see it in the market soonest. Dangote flour is the most defensive stock i have experienced in NSE and that part of my portfolio makes me happy whenever i look at it. It H1 results will be like that of Kano in the last presidential election. It will determine the President!

Dangote Flour Mills: Building profit for the second year

Dangote Flour Mills is building profit for the second year after returning to profit at the end of 2016 from many years of sustained losses. The company’s first quarter report for the 2017 financial year shows a strong growth in revenue and a shift of the bottom line from red in the first quarter of the preceding financial year into a deep blue at the end of March.

The company had run a 15-month financial year that ended in December 2016, changing its accounting date from September to December. The first quarter of the current year shows an impressive beginning for the company, strong enough to raise revenue and profit over the 15-month records of last year.

Dangote Flour Mills has successfully restructured its operations, pruning costs and strengthening revenue, thereby stretching out margins and reinforcing profit capacity. This is a strong indicator that the return to profit last year isn’t a one-off reaping of a windfall but an outcome of a new cost-income structure with an enlarged room for value creation.

The company’s first quarter trading ended with a turnover of N29.05 billion, which is close to three times the sales revenue of N10.67 billion it posted in the first quarter of the preceding financial year. The two quarters however belong to different calendar months, which warrants that the comparison be read with caution.

Based on the first quarter figure, sales revenue is projected at N120 billion for Dangote Flour Mills at full year. This will be an increase of over 13% over the 15-month turnover figure of N105.76 billion in 2016. The ability to push sales has added a new momentum to the company’s operations.

After tax profit amounted to N2.6 billion for Dangote Flour Mills at the end of the first quarter. Its first quarter operations last financial year had ended in a loss of N901 million. Improving revenue and moderating cost profiles explain the company’s increased profit capacity.

The full year outlook indicates an after tax profit in the region of N11 billion for Dangote Flour Mills in 2017. This will be a 6% increase up on the 15-month profit figure of N10.6 billion the company recorded in 2016.

One of the major favourable developments that have taken place in the company’s operations is in respect of cost of sales, which has moderated significantly. Cost of sales claimed 85% of sales revenue in the first quarter of last year but has dropped to 76% at the end of the first quarter of the current year. This has stretched out gross profit margin from 15% to 24% between the two periods.

Another favourable cost behaviour has come from distribution/administrative expenses, which have moderated significantly relative to sales revenue. Distribution/administrative cost claimed 21% of sales revenue in the first quarter of the last financial year while the margin has dropped to below 10% at the end of March this year. This has lifted the company’s position from a marginal operating loss in the first quarter of last year to N4.43 billion at the end of the first quarter of the current year.

The company’s cost management success has also registered in the area of interest expenses. Net interest cost dropped at the end of the first quarter from N936 million in the first quarter of last year to N455 million.

With the new strength in revenue growth and the significantly moderated cost behaviour, Dangote Flour Mills has stretched out profit margin and improved profit capacity. Net profit margin has improved from negative in the first quarter of last year to about 9% at the end of the first quarter of 2017.

The company earned 52 kobo per share at the end of the first quarter against a loss of 17 kobo per share in the first quarter of 2016. Earnings per share is projected at N2.20 for Dangote Flour Mills at the end of 2017. The company earned N2.12 per share in 2016 but could not pay any cash dividends as the entire profit for the year was swallowed up by accumulated losses – which still stand at close to N10 billion.

Source: https://www.thecable.ng/dangote-flour-mills-building-profit-second-year

sexyboocalher:
I won't change it!
So it was right for him to have brought curses on his generation?
I have made my point and Tade would bear me witness went the time comes!

Nobody should go to Cotonou with Tade cos u will regret it!

Madam, you are Guilty in this matter. Apologise to tade for slandering him.

yok:
MARKET RETRACES- FIBONACCI COMES TO PLAY- WATCH 31,887.96 LEVEL

This week ended the recent bullish run in the market. But, the general uptrend is still on. The next determinant point will be the above level of 31,887.96, if market refuses to bounce back at that point, the index may go down further.

Likewise, I am keeping Dangote Flour under close watch, once it goes below 4.50 I will sell for a minimal loss of about 5%.

BAD ADVICE. WILL DEFINITELY BURN YOUR FINGERS

I expect this to retrace to about NGN3.65 To 3.85 which will be a fantastic entry point again. The chart for this is shown below.

Never going to happen in the next 3 months. Results will be out in less than 4weeks from now. The mine is already ripe for gold production.

laydap:
https://www.proshareng.com/news/Reviews---Outlooks/FBN-Outlook-Revised-to-Stable---B-and-B-/35258

Men! FBNH is the place to be in the long term. Wish i can own 10m units of this stock by year end.

fxuser:
um
- plenty big vols
- professional shakers

My brother. Thats why i laugh at comments about three months bear run. Such big volumes traded today should send a message that the king of bulls is coming.

Effective mopping up taking place. I pity those selling out of fear.

Not selling, not buying, not changing my position.

valacious:
Party is over for May and Baker. Very happy for those that just sat down tight in the bus refusing to at least shift for others, over 350% in this recession....

Same way i pity those with CCNN. The wise ones are selling now that its still on full bid. When it suddenly turns to full offer tomorrow, the queue will get to London.

veecovee:
Dangflour is really strong, I like this stock

Its a resistant stock. The best place to hide your loot in a market pull back.

But i must give it to FBNH. The resilience of the stock despite the battering by profit takers is a true representative of their 2017 symbol - The Spring.

I have rejoined the bus again. This time, its gonna be long term.

rahjan:
@intendy, bros pls what is going to happen eventually to Mobil minority shareholders who bought after the qualification date for nipco mandatory bid?

We are on our own bro.

TRANSCORPSE. Back to business

locodemy:
Oga i wonder why you talk about this Wema bank everytime.
How many experts/analysts have you seen talking about this stock?
Did you buy it just because the market is on the move or what purpose?
Stocks without fundamentals,no good market sentiments are too risky to discuss about now.
I am even selling off my skye bank today to hold my cash at hand.

Loco, Pastor veecovee is monkey hunting. Needs people to help him exit wema bank position.

veecovee:
I'm not loco, if I was him, I'll wait till N1. I don't think that skye can go back to .50k in a month time. I think, the only thing that can trigger wicked bear again, is bad 2nd qtr results from the market in general, which I think will be hard. Oga Loco, pls all these are my opinions, pls

Bro. Not frightening you but hope you are aware that the release of their 2016 results has been postponed again even after the extension granted by NSE.

veecovee:
Wema! pls look at Skye on the sky...abeg no fall my handoooooo

This skye pie is looking tempting. But my spirit man is telling me its poisoned.

BullBearMkt:
...this got me thinking

Market price does not move because of fundamentals, rather market price moves because of perception of fundamentals by investors
- Steve Bigalow

True

sky2891:
https://nationalwire.com.ng/fbnhs-five-major-none-performing-accounts-to-drop-off-sooneke/

Thanks. Exactly what i was waiting for.

stcool:
Sometimes we are our own problem...someone asked a question another person willingly gave an answer, another person made a hasty conclusion without facts. That is the problem we have in this country people sit in their homes and offices, come up with assumptions and spill it out without any concrete evidence setting the country on fire.

Kindly read my initial post that she referred to if i mentioned her in anyway. I made a post about what i feel and she jumped on me like a hungry cat from nowhere.

I am not sorry if she feels that my post was directed to her (someone i dont know from adam nor have discussed with previously)

Anyway, she is still highly IGNORED.

Mizwisdom:
Do you want to buy books?

Please post your list or contact me: Orderbooksng@gmail.com

In need of the following books (hardcopy):

1. The potters wheel

2. The madness of didi

3. Mr Johnson

4. Anthills of the savannah

Can you get it?

vivie01:
Wow! You just confirmed my thought about you since Ive been reading your vain, monotonous and emotion laden posts - that you are selfish and shallow minded. You lost out on an opportunity in a stock and has since then been trying hard with no single fact to make sure others did not benefit from it despite all facts presented by prinkez, ihedi and others. What a mean person you are!

Again, for your miopic brain to process, im not a broker. I just helped out someone in need of moderate broking firm. So convenient for you to tag my post with that!

B4 you could even think of coming to stock market, I've been there and I've seen the good, the bad and the ugly, thus coming out strong. Also b4 you could even think of browsing and locating this thread, I've been here. Its not everybody that will be running mouth like you do. Just keep your ranting to yourself and go get life.

BLABLABABLABER STOCKBROKER. YOU ARE HIGHLY IGNORED

vivie01:
Mytradebook of Greenwich Trust Limited (gtlgroup) is a very good and reliable online trading portal. Minimum trading amount to start with is 10k and they have a live data exactly like that of Meritrade. They recently upgraded their portal and included some features like direct funding (using mastercard, verve etc.) and withdrawal from the portal as well as other features which makes the site easily accessible and user friendly

Someone asked question regarding mytradebook as well but I cant locate the post. I hope this answer your question partly. Also, you can just engage their customer rep online on live chat and they'll respond to all your enquiries, or still, send a mail to them.

I noticed that I've not seen much of their mention in this thread but I can tell you they've always been good and has really upgraded based on my experience with them. (**Pls note: this is purely based on my experience with them).

Morgan Capital too is very good only that they have customer relations issues. I hope they work on it soonest.

They have started marking attendance. Guilty conscience.

When i post, i give facts and i am open to learning and correction. Forget my banters with ihedioramma and locodemy. Its just to hear their thoughts.

Continue advertising your firm (Greenwich). Thats what you are good at.

Very funny how some stock brokers stay glued to this thread from 9am to 3pm every weekday without posting anything.

They will only post when they want to mop up a particular share by creating fear in the minds of the shareholders to sell.

I dey see una from feelamong seaside mansion. Hailings

hrhjnr:
Very good deal

2.5 sir

ihedioramma:
FBNH about to go . OANDO/FLOUR MILLS on the road now .

Opportunity for you to offload now before it goes on full offer.

Manonamission:
Nothing in particular. Comment based on the saying Buy the rumour, Sell the news.

Dont mind them. They will continue to ask even when its glaring. Done explaining anything to anybody.

Somebody is silently mopping up all the available shares at 5.15. It will definitely close on bid today.

bestidafa:
Pls what does it mean when a stock is on full offer. I see it's used here frequently

Every body wants to sell but nobody is buying. Simple