₦airaland Forum

Yem0350:
If FBNH shld pay #1 as dividend next year, it means it is 12.83 % div yield. The question is, will they b able to pay it.
One nid to invest in div paying stock with @ least 12% div yield, now dat d market is not friendly.

FBNH might not be able to pay up to N1 dividend. They plan to retain as much earnings as possible to meet up with the minimum CAR for Basel 2/3 compliance.This was revealed in their last conference call.

I think anything between 0.5 to 0.8 might be ideal.

stcool:
May be if u don't buy now, FBN Capital and IBTC would sell it to you later at N12, and you will be buying with all smiles...just saying

Is it permissible for FBN capital to trade on the shares of FBNH?

kotlass:
Master, you lost me here. Mathematically, it will.

Elai147:
I agree with you since it is cheaper to buy on the floor (except there is something else we're missing). However, if the right issue were to be a normal one unlike Oando's own, buying the equivalent units of your right from the floor @market price will not stop the dilution on your previous holding.

Mathematically,it will. Just that you would have to pay more than you would, if you had gone for the rights which normally trades at a discount to the market price.

Dbboy:
I FORGOT TO LAUGH SORRY,I GUESS YOU LOVE BEEN NOTICED YOU GOT MY ATTENTION ON THAT.

I thought you guys were cool with each other.His comment was a bit harsh if you ask me..

bigass:
@chibuking pls shut up

I liked your post big "something"

Dude forgot its still possible to "buy low and sell high", even in a bearish market!

makashava:
Xpect fbnh resurgence today.........watchout.

Resurgence ke.Did you buy at N13.5 ?

The events of the past few weeks have brought about mutual distrust and suspicion.

Aks:
I'm out of Oando and Transcorp with approx 30% gain on each

That's some cool business. At least you have every reason to be cheerful now.

carpenter:
I find this place comical also...not that I havn't picked up some knowledge though.

This is Nollywood!!!

The emotional outbursts are normal,its an expression of our humanity. Everyone wants to win,not loose.

Kieldgreat:
Who are the people u claim that sees beyond what CBN and FMF is saying? Really who do you think that knows better than what them?? The price of crude, not minding how much crash it has seen in recent times, is still way bigger than the benchmark for crude for this fiscal year. Does guys are trying to keep the economy stable. It amazes me when i see people who are supposed to know better say stuffs like this.

Please advise all your "iku na ibe" to sell off their stocks now, we are waiting to buy...remember only juicy ones oo

Nwanne take a chill pill you hear.

The risks are real and you should know better. The CBN Gov or Finance minister can only reel out the statistics,but its left for the discerning mind to make his/her deductions.

How it affects quoted companies vis-a-vis their FY 2014 is another subject for discussion.

sellydion:
I hail you!!!. How you take see one day index?

I use bloomberg tickers to track the indexes.

sellydion:
Why are we saying bull when the indexes are down. The market must move ZIG ZAGER .

Study the indexes before any comment

Most of the indexes on the NSE are on the green side today. The NSE ASI would have been a lot greener save for the southward movement of large cap Dangcem.

In another news,its interesting to see all of Tony's interests edging to close above 9.9%. It looks like following the "cowboys" is the fastest route to recovery from a market crash.

Some people have made good money off oando in two trading days.

Aks:
Some advice (BAD & GOOD) on this forum can be deadly/Life saving. I want to appeal to all to make decision based on your findings, Risk apetite and determine not to follow crowd. I made few mistakes last week and i've learnt my lessons.
Be the MD of your portfolio, NOBODY, i repeat NOBODY can give you any ADVICE on STOCK TRADING (Majority na guess work cos FUNDAMENTALS/ANALYSIS hardly work on NSE)

I know you wish you hadn't sold your UBA.

Like you said,you are the MD of your portfolio and no one can really predict the market.

Agbalowomeri:
Interesting times indeed

What is a stampede?

#Group of people running when nothing is chasing
#We are here just observing
#Teacher don't teach me nonsense

Bros you can't blame people that much,2008 things. No one wants to get the short end of the stick,so every information is over analysed and every commodity price adjustment is over scrutinised.

Funny enough,some bnsitl have been praying for some stocks to approach their junction,but when God rewarded them with their xmas gifts in November,they were too scared to accept.

The market is deeply in the oversold region, peeps buying right now might not care whether they are buying at the lowest possible price or not. All they care is that they are buying devalued assets at attractive prices.

A stock by stock evaluation would show that some stocks were beaten more than the others so its not out of place to see Dangote sugar or UBA open with a 9% gain.

Josh121:
Please house watch , Morgan login portal cause i think there is problem there dont try to login , your password maybe stolen if you try . Morgan should do something about this .

Well,like someone has said,their certificate probably expired and has not been renewed,hence the prompt about the site being unsecure and untrusted.

Believe me,there isn't much cause to panic. Majority of the sites you visit on a daily basis are not secured,some broking firms among the top 10 still run their portal on http and not ssl but no one has heard of a hack of their trading systems.

That is not to say you shouldn't escalate the issue to Morgan,but its not enough to stop you from logging in to place your buy or sell mandates.

kotlass:
This is ridiculous. Tell me you were just joking. This is another type of Monkey Hunting o. Just that this time around na followers you dey find.

The second coming of the prophet .

mpi210:
I don't think so. This will be a bad time to come out with right issue. Tony knows better and I don't think he'll try it.

Even the CBN might have to shift its date for Basel 2/3 compliance.

bigass:
What's your gut feeling telling you will happen today?
Will the NSE be flat Red green or BLOODY

Bloody as usual.

Titbits from one of my brokers:

- NSE ASI closed today’s trading at 34,494.93 points, declining by 4.07% - the highest single loss in 5years.
-While we expect the bearish mood to be sustained in the last trading day of week, we see a moderation in losses.

Dexterax:
I don't know how old you are sir but this is going to be very difficult to achieve.

Consider that there are more dollars in circulation outside the United States. Even terrorists transact their business in US dollars.

Its difficult but with the right motivation ,it can be achieved.And there is no greater motivation than the events of 2008 and current happenings around the world.

Dexterax:
Like I've typed somewhere else, the agenda for that meeting should be the DISSOLUTION OF OPEC.

OPEC has truly lost its grip on the energy markets and the member nations seems to be gradually coming to terms with that grim reality, hence the scramble for self-preservation.

While they are at that (ie dissolving OPEC) , I would also like to see in my lifetime foreign trades transacted in another currency other than the dollar.

jarkbauer:
This is the week of Golden opportunities..... Take Positions

Oga mi ,the opportunities are abundant but one might need to tarry a while to understand the actual direction of the Nigerian economy ; emphasis on the Nigerian economy.

There is a crisis of confidence at the moment and it seems to be gradually permeating every fabric of the economy. I sent an email to my account officer informing her of my intention to liquidate my tashere foreign currency FD investment but she has been very slow to act,which I find unusual.She even tried to entice me with a rate increase of 0.1% if I rollover on maturity. That is a sign that all is not well.

The outcome of the upcoming OPEC meeting is very crucial ..ie if OPEC still matters.

duni04:
Is this a joke?

Sir I am not joking,just watch out!!!!

Foreign Investors will be mopping up very soon and faster than you can imagine.

Dexterax:
@Myjoy08

Please gimme your stock picks for next week.

Sir, don't trust me but believe me there is nothing to fear about. The major issue behind this is the fall in crude oil and it is just a temporary issue. Nothing, I said nothing to fear about. Just be buying a good fundamentals stock in tranches if the means is there. Sir, once again, there is nothing to fear about. When election is over, I will like to see another gospel of fear that will be disseminated....

Well,my top stock picks are........

MULTIVERSE
IKEJA HOTELS
UBA
OANDO
TRANSCORP
FBNH
DANGSUGAR
FIDSON
FLOURMILL

As an insider,I cannot say everything I know but you can never go wrong sir.

NASDAQ = Maddoff
NSE= Ololo
NSEMPA=

God bless you all!!!

Currentprice you are always on time!

Dividend and long term investors are currently being pushed into a "spiral of silence" by day traders - a classic case of "tyranny of the majority" .

When the bears are biting hard,day traders remind you of how good it is to be good at JIJO. When the bulls go on rampage,long term investors remind you of how they resisted the urge to sell at a loss when everyone was dumping.

Reading from the bosses on NSEMPA who have actively been in this business longer than myself,I think its important that any investor should have a healthy mix of all three :

- A long term portfolio of consistent dividend paying stock (s). This is your cash cow that keeps you going,even in a market downturn.
- A short term portfolio of stock (s) that can give a good return within a short period of time. Any profit made from here (JIJO things) would be used to fortify your long term portfolio.
- A healthy reserve of cash invested in TBs or other high yield fixed instruments.These positions can be liquidated and used for equity purchases during a market downturn as is the case presently. If the market rebounds, some equities could be sold off to enhance your liquidity position ,while the residual equities could be moved to your long term portfolio.

In this way one can hedge against risks and maintain a healthy,profitable portfolio.

Born2berich:
Very correct but many of them will not be able to do so as they are currently and hugely trapped.

I call it #Restricted dynamism

Oga, we no wan catch falling knives.

We are at the bus stop,observing proceedings from afar.

The NSE ASI currently stands at 37550.24.During the major sell off in march 2014 by FPIs due to QE tapering,the NSE ASI dipped to 37274.04.

If the ASI drops further to 37,000,either of two things could happen; attractive dividend yields might awaken investors appetite and drive the index a bit higher or the fear of the unknown might drag the index further down the hill.

mrikay:
Hello all.... Please is Access Bank still doing the Rights Issue? Because I no com hear anything again.

Looooooool.

Sorry, am not laughing at you but the last sentence struck me in a funny way.

To answer your question,they will still do.