₦airaland Forum

@Biggie

Abeg which hemisphere you dey wey polar bear attack you ni?

Elai147:
Hmmm, Pissure of ur account statement or...

Wicked.

feelamong:
So they came to the market and took more funds from us, increased their OS and then not increase their earnings in proportional terms and its ok?

Oga, name one company that has achieved a proportional increase in EPS based on increase in OS within a year of a Rights' Issue.

I need to be wrong right now.

The cover page of the Africa Prudential Registrars' Rights' Issue circular has transaction dates that coincide with the release of its 9 months results. It is logical to conclude that 1bn shares were used in calculating the 9 months results for 2013.

passwelle:
I laugh in 3D . Its in the detail Sir. What was the OS used in calculating EPS for Q3 last year?

Dexter likes Africa Prudential Registrars!

@Moneysage

I agree.

Another way to think about JIJO too is based on time-frames. Those aware of the MT4 platform for currency trading know that 4-hour and daily time-frames are well exploited by day-traders; these time-frames still fall under the JIJO class, only that some interesting transactions would hold for overnight holding periods.

PW could actually exploit these bigger time-frames based on the statistical betting patterns of market makers who work over-time to maintain assets within bands (think about what the CBN does with the naira... )

Dexter likes Africa Prudential Registrars

Hehehe...

Market making is a very HARD business area apparently.

Remember what was going down at Access and Wapic 3 months ago (those volume correlations), see all the trouble the market is causing for Access Bank's market makers and AIG proxies...

Contrast this with the diligent Forte Oil market makers who keep over-delivering on their KPIs. Coming into the market at 1427 -1429 hours and still over-delivering.

In the end you see that on the NSE, fundamentals count for less when it comes to the business of determining the price behavior of a financial asset.

You'd win more if you combined say 15% fundamental analysis, 35% technical analysis and 50% smart statistics (like PW) than good-ol' fundamental analysis, 99% purity. I'm just being honest.

Moneysage:
@Dexterax: You are sharing your wish, yet again ; later we will be told of how another revered member of this forum advised you not to take-on Emma.

Nna ehn, you made me lose my temperature But you can mend things the covert way...lest thou see me in thy dreams.

#a slight (?quasi) pullback on the rally, though.

Oga mi, no vex (overt). Meanwhile abeg contact Emma if he's in that your chilly zone.

A friend and I were discussing the dynamics of influencing a rally on select stocks today. Based on the financial resources required and the stocks involved, this is very achievable.

^^^

Expect a proshare/BusinessDay upbeat report on Access Bank in the VERY near term.

The monkeys must be offloaded to a greater fool.

#TheGreaterFoolTheory

Hehehe...

It's the market makers of Access Bank AGAINST the market...

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

Ogbeni no vex... But based on the last trading price @ the time of this post, the markets have ensured that Access Bank shareholders do not enjoy any RIGHTS to the stock.

In other words, non-holders of the stock are now the ones who really have RIGHTS. Hehehe...

You might as well purchase the piece of ownership from the secondary market.

I wonder how Emmanuel Ewumi's portfolio is doing now.

Mr. Value Investor. I feel like having a 5 to 10-page debate with him now mehn.

chukyjones:
u no be better person

Oga no vex. I was actually dissuaded by a member of this forum from going ahead with the post, for cogent reasons, which I'm not at liberty to type about.

Hopefully things will crystallize in good time.

My apologies sir.

Dexter likes Africa Prudential Registrars.

soloniger:
wey dexter:
COSTAIN sustains reversal trend, breaks
away with 10.00% gain
http://www.proshareng.com/news/24744

Dexter is on FULL BID abeg.

Monday is one of the most deceitful days both for 9 to 5 jobs and market activities on the Nigerian Stock Exchange.

For 9 to 5 jobs, its on Mondays that peeps look so serious but really accomplish nothing. Cos 90°.

On the NSE, this is the day that monkey hunters succeed the most, especially after a bear market.

Even the highest rate of suicides happen on Mondays.

passwelle:
But why people wicked like this na? Na only the man wey sell this 1 share of Ikeja waka come today! When CSCS go charge am NGN4.00 before SEC add them own join! haba mana.

...and it was quickly mopped up at a faster rate!

This stock has caught the eye of the institutional investors!!! Watch out!!

Moneysage:
There is this guy called PW on NSEMPA. He easily passes for the highest number posts/day. But his comments are VERY incisive. In short, he has been "killing me softly" with astute erudition. Thumbs up, man! (I can almost bet you're not married, though)

@Dexter: Only your highly-rated and awaited CWA stalking report can prevent this dude from displacing your seat in my mind.

Hehehe my oga...

PW is definitely in a class of his own. The guy na chairman, he's the kinda dude who can play this Prediction Market with great success and humility, considering the weight of intellectual resources he's exposed himself to.

E be like sey Tony don enter market.

Captain America tinz

I remember switching between teasing those on the oxygen train, defending the train and then teasing them again. I've really had fun I swear.

passwelle:
Sir it is due to the fact that the dudes at Forte keep over-delivering.


{hides behind the sofa for Dexter}

Damn market makers!

passwelle:
Pls did anyone notice the last trades of FO in the dying minutes of the market yesterday? It was trading at c. NGN202 up till 2.26pm if memory serves me right and I missed the last few trades. Or did they come with market makers?

Your eyes mehn....

@nitrogen

I see you mehn.

Born2berich:
-19% drop in EPS..Dexter want to offload.

Hehehe...my oga, Otedola has something in the pipeline as usual.

Thankfully, he has the ripple effects of the current oil price decline to look at for some perspective on the issue of Forte Oil swimming to the upstream section of the energy value-chain.

passwelle:
Its in the English. FO's submission of results prior to most other companies on the bourse is commendable.

Very simple!

feelamong:
Over delivering with a drop in their EPS?

Issokay!

I was expecting this result to be released on Friday. The dudes at Forte keep over-delivering.