Mcy56:


*No one should quote me* At owner's risk. Also do not ask me for chart on this.

Mercy, are you scared?

Mcy56:

Issokay.
Can someone learn it online and understand it just like that?

Oh, sure. I learnt it through you tube. There are loads of quality videos on TA for beginners you can watch. Please use this lockdown period to add this skill to your FA knowledge on stock business...

Mcy56:

You're right.
Honestly, there's nothing as good as this if one wants to do well in this market.
Though the market or some stocks defies TA and FA sometimes.

Of course nobody can predict the market with certainty even the chartists till lag in this regard. But one thing you will appreciate learning charts is that entry into the market is not based on hope or herd mentality but strategic, tactical and risk based approach. though at times this can fail but with stop loss active one can quickly cut one's loss and exit.

I will encourage you to try and learn it too.

locodemy:


Na so we see am o.Learning it from tradingview.com and it's working o.

Have done jijo on Afriprud,Maybaker,neimeth,fidson and ucap with what I learnt so far.

Now I am watching this 50% coming using same TA.

Nice one loco. You can also try investing.com

Mcy56:


When did you become a Tech analyst?

When the market has turned you to ATM, you have no choice than to learn TA.

So leave loco alone. Loco you are not alone.

stcool:
Cash is KING...
Overall sentiment in the market is still a downtrend!

Good entry at strong support level/zone for upward journey won’t be a bad idea.

This is the time for those that miss the lockdown bear to sharpen their cutlass.

Princkez:
FBNH sighted @4.90...47m bid 12m offer

needs to retest N4.95 and retrace before the upward journey can begin.

emmanuelewumi:




They need an Indian CEO in First Bank, he will save costs. I won't be surprised if he gives us a profit after tax of N300 billion from the over N600 billion revenue of First Bank. That will be an EPS of about N8.00.

First Bank is too wasteful with resources and opportunities.

A lot of banks GTB, Zenith inclusive are praying to have the opportunities and customer loyalty of First Bank

you know that will never happen. FBN is an heritage of our financial system and the national pride to have it manned by a Nigerian is ingrained int he fabrics of the bank's culture.

I agree with you that financial recklessness and gross inefficiency is clutching the bank's ability to take back its position as true market leader in the banking industry. To achieve this feat, the board needs some serious rejigging.

jideflash:
Caverton's revenue is contract based with fresh contracts signed with Chevron + Shell and other upstream oil and gas clients. We havent heard of any upstream oil and gas company shutting down their crude production. so caverton will continue to operate and earn. Again caverton contracts are based in dollars. Nahco operations is totally different from caverton.

Upstream companies are currently renegotiating all contracts as part of cost optimization measure to protect margins and guarantee business continuity in view of the lull in the international oil market.

Thread carefully on the stock.

Mpeace:
If polaris latest result is anything to go by, then we can conclude that the bank has fully recovered. They reported PAT that is even more than what FCMB and Fidelity reported.https://www.google.com/amp/s/www.vanguardngr.com/2020/04/polaris-bank-records-impressive-2019-financial-results/amp/

I will take the news with a pinch of salt. NPL is still high and until it is crashed it remains toxic for FBNH considering its heavy exposure to the O&G sector.

maishai:
Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

Weak bank acquiring a dead bank. This is will be bad business for their shareholders.

Please I need the phone number of GTB registrars. I am yet to receive my dividend.

Thanks.

My take on Access Bank 2019 personnel cost;

I just did an analysis of the bank’s personnel cost and realized that the cost went up by 35% compared to 2018. While gross income rose by c.40%, net interest income went up by 59.3%. In effect, the effective upside recorded considering surge in staff cost is just 5% increase in gross income and 24% in net interest income.

Further breakdown of the personnel cost showed that 70 persons were recruited/promoted into management cadre and over 2000 staff recruited in last one year. Thus, number of employees alone last year rose from 3998 to 6553 whilst management increased from 275 to 345.

The cost implication of this distribution is that, Access bank is bottom heavy meaning that if it doesn’t shed weight, efficiency will be eroded and might die natural death with time.

This however does not mean the top management and board should not be touched. There is need for some salary cut and reduction in the number of managers and board directors to complement the gain from the staff reduction.

For instance, I don’t know what the bank is doing with 10 GM, 18 DGM and 33AGM. This is just excess load on the bank’s profitability.

In the end, i think the step that the bank is taking is tough, painful and hard but justified. However, as a modification, it should consider salary reduction, rather than send over 4900 staff into the labour market to further worsen unemployment in the country.

Also, beyond top management pay cut, the bloated perks enjoyed by them should be reduced drastically as part of the rescue plan.

CashDiMkpa:


http://www.nse.com.ng/Financial_NewsDocs/29319_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf

Werey ma ni Caverton yi ke...What is all this nonsense!

I might just take some heat and move on abeg.

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/29806_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf

How are the mighty fallen. Will IB ever rise again?

lexy2lexy:
https://nairametrics.com/2020/04/26/banking-crisis-imminent-in-nigeria-due-to-debts-by-independent-oil-producers/

This is a sensational news.

The great prophet. CAC members will say Olorun Ayo Baba wa Babalola.....

May God continue to rest his soul

RabbiDoracle:


Everything will reverse.

Brent will trade higher. NSE will fire up. And we go all dey alright.

That's the prayer. So that we can all be laughing to the bank....

onegentleguy:
Amid COVID-19 impact, Nigeria’s bond auction for April oversubscribed by 459%, says DMO.


https://www.premiumtimesng.com/coronavirus/389393-amid-covid-19-impact-nigerias-bond-auction-for-april-oversubscribed-by-459-says-dmo.html

Let them not expect interest payment this year because government is broke.

smart investors cherry picking

Ehuatamuigunisi:


Not everyone can read and interpret financial statements. There are many in the market who rely on financial experts to give summary of the numbers from those companies before making their financial decisions.

Then i will advise you steer clear of long term investment.

seyisanya:

Sir, so many events happened between the time it sold at that high price and the current price. Examples are share bonus, dividend payout, dividend yield increase etc.

Consequently, smart long term investors who study financial statements of the companies they are invested in and pay attention to the figures will see the sign and bail out before the tsunami .

Pa Emma(@emmanuelewumi) is a long term investor, and I hope he will shed more light on this.

Not many of the long term investors are like Emmanuel because most Nigerians have terrible reading culture, even reading a small page quarterly financial statements they find it difficult regardless of bulky year end financials. We have even seen it here where some members will be waiting for summary and analysis of financial results from others who have taken precious time to read and digest the document.

The point is if you are not ready to create enough time to pore over numbers, invest aggressively in information sourcing, track industry and macro economic events including being a voracious reader, i am sorry, long term investment is not for you.

See how directors and employees are taking positions in their companies....smart investors.

http://www.nse.com.ng/Financial_NewsDocs/29659_GUARANTY_TRUST_BANK_PLC._CORPORATE_ACTIONS_APRIL_2020.pdf

https://businesspost.ng/banking/female-director-pays-n345m-for-300-million-sterling-bank-stocks/

http://www.nse.com.ng/Financial_NewsDocs/29658_UNITED_CAPITAL_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29650_STANBIC_IBTC__HOLDINGS_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

thesilentone:


That's more like 103 naira to 7 naira.

That's why long term investment in NSE is bad! 93% crash! Crazy!!

Do it at your own peril!

Dsticks47:


Requirement.
You must have an account with investment one

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Thanks for choosing Investment One financial Services.

To Open an account with Investment One check my signature.

Their charges are too much. It will erode little profit of the 10% geng....

Please i need list of delinquent debtors published then by former skye bank in 2015 or 2016.

@dipoolowo and others kindly assist.

Thanks.

dipoolowoo:
We Won’t Accept Buying Stocks With Fake Names—SEC
https://businesspost.ng/economy/we-wont-accept-buying-stocks-with-fake-names-sec/

Do people still use pseudo names to buy stocks in this mordern era...Government should just sack the SEC board....gosh!

PharmAlfred:


If you have reached your target , you can sell

20percent is decent enough this season.

20% ke? when a lot of people entered the bus at N15. There is no need to rush out when one is even still far from breakeven. Though yours truly had to average down by picking up more units at N9.70. Indeed there will be pull backs due to PT but not as serious as experienced before.

Wapco is now a goldmine!

Mcy56:
Shout out to Oga RabbiDoracle

Yeah..he is doing well. Ooin!

emmanuelewumi:


Yes

I have few units, but I am not up to date with happenings in the company



How much did they realise from the sale of the South African business?

Proceeds was US$317M resulting in a gain of N108.9B

..