₦airaland Forum

Agbalowomeri:
Next Diamond......

wanaj0:
Well, it gain 4% today. Will be good to see what the charts are saying so as to plan the trades for Monday. NSE should not suspend trading on the shares yet ooo

maishai:
pls o who know the people that wrecked skye bank o

wanaj0:
Well, shsreholders of Skyebank will be left with nothing! Hmmmm.

lagbaja:
Wondering the bulls on skye bank stocks in the past days, well some people were already in the know. CBN Takes over Skye Bank


The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according the CBN. Details later…


https://www.businessdayonline.com/exclusives/article/cbn-takes-skye-bank-new-bridge-bank-polaris-manage-assets/

tritritri:
I have my company account here. hope am not in trouble...just spoke with the acct offr who still not aware of the news.

Yayira:
Agba and Chibuking waiting for

Diamond 50kobo
Zenith N13
Guaranty N18
Fidelity 70kobo
Fcmb 70kobo
Ucap N1.80k
Afriprud N2.50kobo
Honeywell 80kobo
Dangote Flour N4
Flourmills N12
Conoil N10
Uba N4
FBNH N4
Access N4
Aiico 20kobo
Nem N80kobo
Continsure N1
Constodyn N3
Skye bank 20kobo

swilo:
Happy Birthday Dipoolowoo.. LLNP.

fxuser:
FCMB
- if ur buying here , where u wan put ur stop loss ?

#patience

Mcy56:
Sir, now you are not been fair to me.
I wasn't in any way referring to you but those that were name calling MH as monkey hunter without having any cogent reason for saying so.
I wouldn't have even hailed your counter argument if it were to be so.

Well, it's one of those things......but I must commend you for your posts meant to inform the forum on why investing in Firstalum is a risky venture at this point in time. I've gained quite a lot within this short period. Thanks sir.

fxuser:
Transcorp
- defense hv moved above 1.20
- consolidation ongoing
- out of entry zone , entries here can be shaken out


#spectator

fxuser:
FO
- sp breaking above prev month close & testing 50dma (10wkMA)
- wkly RSI finds its way above oversold levels
- bears taking a much needed break
- next comes d ''lower high''

wanaj0:
I do own First Aluminium when they were 'profitable' and sold leaving a little so as to continue to 'check' what is happening. Nothing has changed in that sector. Competition is stiff. ALSCON is still moribund. First Aluminium is struggling!

So what are the number's sayings?

MonkeyHunter:
What's FB?

MonkeyHunter:
I will help out with the assignment.

Issued Shares 2.1bn
Market Cap @ 30k N630m
Shareholders funds N5.162bn
2017 PAT N209m
Total Assets: N9.884bn
Retained Earnings (1.5bn) negative

Four year profit history
2017 : N209m
2016 : N175m
2015 : N169m
2014 : N29m

EPS
2017 : 9.92k
2016 : 7.71k
2015 : 5.18k
2014 : 1.37k


Book Value per share
EPS
2017 : 244.6k
2016 : 234.3k
2015 : 227.5k
2014 : 219.8k

In my opinion it is not the dead company as previously portrayed. Profits is steadily growing but the negative retained earnings will prevent it from paying dividends for a while. The PE is around 3 so valuation wise it is pretty cheap and if it had sufficient float might make a very good takeover candidate (N31m gets your 5% of the company). Today's trade was like 1.6% of the company. I might study the financials thoroughly over the weekend and provide further info on the company and its prospects.

Yayira:
This man na real monkey hunter
Why is it always partially resurrected kobo kobo stocks you only preach about ?
Even if the company got some good going now, wouldn’t it be wise to wait and see if the progress continues ?

As for Yayira, she don know how una pocket deep for this blog.. she no dey follow una do stocks wey una money fit control.

onegentleguy:
This new deal Honeywell Aerospace Inc. is a double win for CAVERTON !!
...there are 2 clear POSITIVES here:

1) It will boost their earnings through income generated from servicing of helicopter and military avionics within the region. ...the company shall be the sole dealer in west Africa !!
2) It will provide another great means of saving cost as CAVERTON will be hedging against any unforeseen or unexpected rise in annual maintenance cost ...they've already done great on this line (of cost saving), and they're still doing more !!

Expect the 1st positive to aid their TOPLINE while the 2nd shall boost their BOTTOM LINE. ...which should naturally reflect in key indicators like EPS, EM, and ROAE.

However, if u still wish to disagree, then feel free Sir !!

NOTE: STILL NOT a BUY recommendation.

onegentleguy:
That's a good one my dear !!
...BEST to always try to align with WHAT IS (the present) and NOT WHAT WAS (the past).
Current Nos are usually a better guide to drawing true inferences.
It's safe to say that the Nos are improving with First Aluminium !!
However, I do have my small reservation about the company.

Mcy56:
Chai! I thought you have better info for me.
What if a new investor bought into the co.?

Mcy56:
Chai!!!
Na the volumes changing hands this morning dey tempt me. Lol. Who knows maybe something is brewing there.

yok:
MSCI PORTFOLIO MOVEMENT- AS AT 19 SEPTEMBER 2018/GENERAL COMMENT


Fund continues to by OANDO. With the Oil price
still above NGN70, except the unexpected happens,
good result is a forgone issue.

onegentleguy:
That company (CAVERTON) is currently damn too CHEAP. ...presently about the cheapest stock on the Nigeria Stock Exchange !!

Remember:

"One of the most powerful weapon of SUCEESS or failure within the stock market is with the ability to take advantage of the 'gap' between current perception and REAL VALUE.
...knowing how and when to align with that 'gap' is the core 'survival mark' of a WINING INVESTOR !!"
~Sinclair

fxuser:
- price is breaking below the 200dma for the 1st time in over 2 yrs ! !
- also unable to hold above the 10wk ma (50dma)

swilo:
Derugged,

I was just about to post this (I quoted you so I can extend my greetings):

Remember, TA based trades are short term, in case the trade goes sour, do remember to cut the losses and move on to identify another opportunity... Infinitisi zerodha series

Some people place trades based on TA, follow the trade with FA while forgetting there was an initial TA setup (this is where hope usually takes charge) and exit the market based on GA.

My special greetings to Derugged.

Chibuking81:
Including the people below

locodemy:
Hmm.For where?
I need to know if all these noise i hear on UD worth it.
Transcorp,fcmb and caverton are my top picks for now.
Will consider Aiico and UD if I see and study their latest results.

rahjan:
UBA interim dividend payment is today. Has anyone received it here?

locodemy:
pls post the latest earning report of union diagnostic.With 3.5B OS,I need to study their financials.The shareholding structure is good.