₦airaland Forum

kolaish:
where is FCMB Q3 that is supposed to be released on or before Nov 25.

@intendy, where are you. Hope all is well?

Jejebabaa:
Thanks sir, how long can they defend the price. We await the result for final decision.

Mpeace:
FCMB result this week. Hmmm breeze go blow this week oh.

Mpeace:
Bros which one be FFS again.

Agbalowomeri:
I can also be wrong about that

Mpeace:
Its normal for fcmb to release q3 audited result in the last week of nov.

Godson201333:
Thank you very much for your response sir,Yeah i read that they have been in loss since last year and I am currently thinking of investing in them as a penny Stock?

what do you think?

currentprice:
last week i predicted the sales of fcmb might be related to closure of books and they might buy back by new month

pple i discus this with on whatzup can confirm

fact and figure behind fcmb doesnt warrant the sell off. imagine diamond selling above 1.40, sterling selling at 1.60

sterling Q3 eps is 28k fcmb yet to release Q3 but it Q3 was same 28k

maishai:
Yeild on 1yr treasury bills is now 14.4%, might increase more in months to come.....I sha know that dividend paying banks will match the price of their stock with this......Stock prices about to fall

locodemy:
where is that guy that needed fidelity at 2 yesterday.you can have it in abundance now but my advice is WAIT and get it at 20% discount from today's price.

arduino:
FCMB dey fear me..... No result, No buying

currentprice:
brov pls help me do this calculation fidelity at N2 if it move to N6 what is the % increase

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/24059_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

hammer6F:
Oshiomhole THE APE...


AS A PARTY CHAIRMAN, OSHIOMOLE CANNOT ACHIEVE ANYTHING.

AS EDO GOVERNOR, HE COULD NOT EVEN DELIVER HIS STATE TO BUHARI.

HE JUST WANT TO MAKE NOISE AND PROMOTE HIMSELF, AS HE DID DURING HIS UNION DAYS.

OSHIOMOLE IS A SELF CENTERED GLORY SEEKER.

TLAX:
Positive or negative?

awesomeJ:
[color=#000000][/color]
The major reason why it's so is cos the bulk of the items we consume come directly or indirectly from the international markets, and are priced in USD.

When the dollar exchanged for 199, 10m was $50,000.00
Now that it trades at 360, thesame 10m is less than $28,000

There wouldn't have been any problem if your Honda Accord, LED TV, fuel, wheat or raw sugar were all sourced locally, but since they rather come from the international markets, the implication is that the 10m that could buy 2 units of the Accord sedan just some few months back, can now barely buy just 1.

awesomeJ:
You can never go wrong with diversification.
Some who know their onions in real estate, could easily make double the returns on T-bills.

As per the issue with holding naira assets, when I start seeing the signs of an imminent currency crisis. I'll switch to eurobonds ASAP. 6% guaranteed with a potential for much more.
For now, there's some comfort.

musty00:
This sell off was across board o, not only Zenith. I only pulled out Zenith because we were talking about Zenith. It was a massive sell off by FPI's, irrespective of quarterly performance. It was transfer of wealth.

I won't miss out of this bonanza this year (buy 1, get 2 free).

We (Nigerians) know that elections will come and go without any war and all those election hypes, but the FPI's won't take any chances, they will still sell. The sell off might not be as bad this year though, no one knows.

I plan to be in full cash before August, IF I'm able to exit my remaining stocks (Zenith inclusive).

musty00:
Here's how some selected stocks were battered in 2014 before election. The highs and lows are closing prices. Most of the lows here were attained in December 2014.

awesomeJ:
Bonds are kinda sold in units with each unit having a face value.
so if you buy a 15% APR 2023 FGN bond with 10m at its original price, you'd be having 100,000 units of the bond, and since the coupon is 15%, your annual interest would be 1.5m

Now when you buy at the secondary market, you often don't buy at the original unit price. You may get to buy at say N90 per unit, which implies that you'd only be paying 9m to get thesame 100,000 units.

But at the end of the year, both you who bought at 9m and the other person that bought at 10m, you'd each get 1.5m as interest, because you hold the same number of units. But while his own yield is 15%(1.5m on 10m input), yours is 16.67%(1.5m on 9m input)

So coupon rate indicates the rate at which interest is paid on a bond based on its face value, while yield indicates the actual rate of returns to an investor.

The coupon rate is always indicated in the name of most bonds, and it doesn't change throughout the lifetime of the bond.

Only changes in purchase prices bring about changes in yields to bond investors.

Bonds bought at prices below their face values have higher yields, and vice versa.

Kindly ask for any further clarification if....