₦airaland Forum

Yayira:
Stanbic brokers were busy selling access early this year that they almost drown our Prof in the wicked sell off. If not for my lifebuoy, Only God know where Prof for dey by now..

Any time I see Stanbic brokers selling, I still reach for your life gadgets.
Those guys can Khashoggically end your trading career ...

Bids are gradually picking up in JB.
THE ATIKU CHALLENGE.
I listened to Lai Mohammed's on AIT today and concluded that JB has a good time ahead.
Projects must keep up with campaign pace.
The government is being forced to borrow to sustain projects....

fxuser:
FCMB

- 48 mln vol traded

rather

My snipping tools are yet to locate target..

DOLLARTEX:
this coy is out of the woods at last.

It takes only a second's decision to enter back into the woods.
The woods are still too enticing and close by.

BullBearMkt:
...unfortunately, there is no real time data (not referring to individual broker) to help decode MM activities. We can however be able to see what daily, weekly etc data is saying:
-Stock seems to have found a daily bottom at 1.54 though
-Weekly & Monthly still looking around for a bottom
-Interestingly, a good monthly support is situated 1.49 - 1.55
-If I have a spare loan, MM is in trouble around the monthly support
-A weekly or monthly rejection candle is highly desirable

God bless you.
Teaching me patience once more.
I will find out who is in charge of the stop watch before jumping the gun...

Agbalowomeri:
Do you need assistance in examining the head? Afterall dem say doctor na doctor

No wonder..

Agbalowomeri:
Hopefully we can have a green October month to continue the ride down Golgotha

I appreciate anyone who give me a meal when I am hungry.
I never blame them THE NEXT TIME HUNGER CALLS....

Mcy56:

Abeg dey fire them prayer from town ni o, no be by gun or mouth dem dey take do their own.
Make e no be say you enter village come dey meet only toddlers moving around or seeing everyone looking exactly like you.

Mcy56:
Dont know what they are up to self.

BBM/FX,
Kindly intercept/decode FCMB MM's coded astral vibrations for us...
We can't be buried alive. Biko.

FCMB MM

stcool:
So happy I exited Diamond bank and moved funds into Fidelity... the rest is history

Without telling me?
What are friends for?
Next time, be like OGG.

Yayira:
Ok... so this was the move that will make that my 3 naira dream come to pass..
please dey should hurry up and kick that guy and his group of failure out..
my title must change from Shell to Share
IJN Amen

I can supply a bus for free to move that guy's load to his village, even if it is located deep inside Sambisa forest....
I love companies that make retail investors and old pensioners smile.
I hate legally regulated robbery...

fxuser:
Fidelity
- opens higher, breaking N2


FCMB
- 10m traded early at dat same 1.55 , dis MM ehn

Village people made me to wait for Fidelity's Bonanza
I will visit village this week. I pity any elder that is older than me that I meet on ground...

onegentleguy:
I have heard a little bit of some pros and a bit of cons with respect to the anticipated investment.
However, one of the positive for those in the ship (investors) is that the CEO, Mr Uzoma is expected to fellow through with his own resignation after a smooth transition to the new management of the core investor on or before June 2019.
...u cant have a blind fellow leading the affairs of the bank again. The past management under him were to say the least terrible !!

We continue to observe.

TERRIBILITIFYING....
Uzoma is the worst tragedy that befell Diamond bank..
His absence alone counters every other negatives in their multitudes.
This bank has survived by the whiskers.
I am 99.99 percent sure that this move has become inevitable in order to avoid DIAMONIZING of the bank in the POLARIZED atmosphere, which would have likely taken place before Emefiele's exit.
The SHELLING of the bank was attaining exponential levels. The decay function here was being rapidly transmogrified into an evaporating function.

veecovee:
Has anyone here experienced this from Morgan, it's my first time though.

I demanded for payment today, and I waited for bank alert to no avail. I had to called Ogochukwu.
But she said the finance team are working on my withdrawal. As I'm writing now, my bank account is
yet to be credited. And they've already debited my account with them. I've been dealing with them for
many years and this is my first experience. Can someone help me here. The worst is that I am at a remote
village on missionary trip. I needed the money so much today.

And you went to a remote village without even a little faith?

fxuser:
happens at times, usually get credited d ff day

The preacher had little faith .....
Prayers can recover even polarised cash, even if the matter reach that point....
Your cash is safe.

currentprice:
profit taken

now let go and see what some of latest NSE results is saying

Let your soldiers rest and the enemy get exhausted first.
You may then need a very few soldiers to conquer much territory...
Keep spying at the moment. Few men are needed for a spying job, while you train your snippers...

mendes911:
Where is Sir Loco?

He is building female hostels....

BullBearMkt:
...I no fit abandon my people, just been concentrating on Forex lately & active on investing.com chat. Will do check my email. Sorry for the delay

Only you dey chop Forex, Gold, Silver, Copper etc etc....
Why are you scared of Aluminum
Our own Aluminum don knock engine after a quack mechanic serviced the nozzles and forgot the air filters....
Don't look for it at the car park, the mechanic took it for testing to Ajegunle and it got knocked there, 33KM away.
The towing van that was going to bring it back got knocked along the way...
The mechanics have since absconded...

STNWAUME:
What is HONEYWELL fair based on their 3rd result?
Is it a good buy at N1
House please advice.

If honey loses its taste, it no longer has a price. Fair is thus, not applicable....

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/23966_AFRICA_PRUDENTIAL_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Frat Lesult....

Mcy56:

Using Morgan Capital's commission rate:

1,250,000units *0.40 = N500k
Broker's commision: 0.25% of N500k = N1,250
Add: CSCS Trade Alert charges: 4.20 *1250000
Add: Sec Charges (No % idea )
Add: Stamp Duty Charges ....... (No % idea)

Chai! Gbese don full ground o.

There are some very clever ways to lose money...
The cost (N4.20) of each transaction alert for each single unit purchased can buy you 10 UNITS...

Mcy56:
60s is becoming visible on the board of Aiico, we are patiently waiting.

In another news, someone just bought 1unit of wapic now @40k.

Mathematicians here,
Assuming you have N500K to buy WAPIC and you decide to buy each unit in a separate transaction, what will be the worth of your total units by the time you are done buying?

Godlylifeoneart:
http://www.businessjournalng.com/afdb-approves-50m-to-fidelity-bank-for-sme-support-in-nigeria

N18,023,500,000.00

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/23955_SECURE_ELECTRONIC_TECHNOLOGY_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Waste of data...
Is this company operating in somalia

MayBaker Bonanza loading?

prof2007:
SOURCE (abridged): nairametrics.com

BUY/SELL/HOLD ANALYSIS FOR WEEK OF 26TH OCTOBER 2018
By Onome Ohwovoriole - October 19, 2018

Buy/Sell/Hold is picked from top gainers and losers of the previous week as well as various analyst reports.

(1). WEMA BANK: SELL
It reported net interest income ₦9.09 bn for Half Year ended 30 June 2018, vs ₦8.48 bn for H1-2017. PBT was ₦1.81 bn for the period, 27% increase from ₦1.43 bn for H1-2017. PAT for H1-2018 was ₦1.57 bn, vs ₦1.22 bn in H1 2017.

Price Info:
Current Share Price: ₦0.63
Price to Earnings Ratio: 9.32X
Price to Book Ratio: 0.47
Year to Date Return: 21.15%
One Year Return: 26%

External View:
Analysts at Afrinvest have a ‘Hold’ recommendation on the stock. They have a one-year target price of ₦0.57, a 1.8% upside from stock’s price of ₦0.56, as at when the report was prepared.

Our View:
Wema Bank is a SELL in Nairametrics’ opinion. It is trading at a PE ratio much higher than its tier two peers such as Fidelity Bank trading at 1.38 times earnings and Sterling Bank trading at 3.91 times earnings. It has also outperformed the All Share Index which is down 14.4% YTD. Investors would be better off selling now, then re-entering at a lower price.


(2). CAP Plc: HOLD
H1 ended June 2018 revenue increased from ₦3.4 bn in 2017 to ₦3.8 billion in 2018. PBT also grew from ₦1 bn in 2017 to ₦1.3 bn in 2018. PAT rose from ₦696 mn in 2017 to ₦917 mn in 2018.

Price Info:
Current Share Price: ₦31
Price to Earnings Ratio: 14.4X
Price to Book Ratio: 9.6
Year to Date Return: -8.82%
One Year Return: 0.70%

External View: None

Our View:
CAP Plc is a HOLD in Nairametrics’ opinion. While the stock is trading 22.5% below its year high of ₦40, possibility of further sharp decline is low due to the Illiquid nature of the stock.


(3). CUTIX Plc: HOLD
Q1 ended July 2018 revenue increased from ₦1.2 bn in 2017 to ₦1.3 bn in 2018. PBT increased from ₦160 mn in 2017 to ₦171 mn in 2018. PAT increased from ₦104 mn in 2017 to ₦111 mn in 2018.

Price Info:
Current Share Price: ₦2.20
Price to Earnings Ratio: 4.29X
Price to Book Ratio: 1.30
Year to Date Return: 9.45%
One Year Return: 10.81%

External View: None

Our View:
Cutix Plc is a HOLD in Nairametrics’ opinion. This week, the stock was marked down for a one for one bonus and a ₦0.20 dividend. The stock has since rebounded, gaining in the last two trading sessions.


(4). OKOMU OIL: SELL
H1 ended June 2018 revenue increased from ₦12.4 bn in 2017 to ₦12.9 bn in 2018. PBT dropped from ₦7.8 bn in 2017 to ₦6.9 bn in 2018. PAT also dropped from ₦6.2 bn in 2017 to ₦5.9 bn in 2018.

Price Info:
Current Share Price: ₦79.8
Price to Earnings Ratio: 8.59X
Price to Book Ratio: 2.75
Year to Date Return: 17.89%
One Year Return: 27.23%

External View:
Analysts at FBN Quest have an ‘Underperform’ rating on the stock. They have a target price of ₦88, indicating potential upside of 11.3% from the stock’s price of ₦79.8 as at when the report was prepared.

Analysts at United Capital have a BUY rating on the stock. They have a target price of ₦99.8, indicating potential upside of 25% from ₦79.8 as at when the report was prepared.

Our View:
Okomu Oil is a SELL in our opinion, as the stock is trading at a PE ratio of nearly 3 times its peer, Presco Plc, which is trading at 2.2 times earnings.

Who should we sell to if ALL of us are asked to sell?
Someone must buy....

stcool:
Na so I make noise buy Zenith below 20Naira ...now I don dey make noise for fidelity.

Still call me noise maker next week if Fidelity cross N2.00

You bought too early....
Na dem go rush us...
Bonanza is still doing press up....

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/23946_R_T_BRISCOE_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Real Trouble Briscoe Listed on Sambisa stock exchange....

Sometimes I wish I had the powers to shut down the market and ask everybody to go home and make up their minds and return after two weeks

The crowd is really a bunch of indecision..
Buy, no. Sell, no.Sit on the fence, no. Leave the market, no. The Crowd wants to do ALL of the above at the same time..

Agbalowomeri:
Hope you will still be standing when the harvest comes in 2020

Parables....