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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 5:39am On Dec 24, 2016

OBAGADAFFI:
When did Morgan came back online?

This surveys are usually done around the last quarter of the year.

Morgan isn't qualified for the survey.

It's unfortunate still, I use all three platforms meritrade, easytrade and itrade and itrade is miles ahead

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:26pm On Dec 23, 2016

The price of crude this coming January is likely to be about twice the price last January...

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 5:14pm On Dec 21, 2016

https://trwstockbrokers./2016/12/20/meritrade-emerges-best-online-trading-platform-new-telegraph-nigerian-newspaper/

Obviously Morgan wasn't included in the survey. Besides the survey was wrongly executed.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:17pm On Dec 21, 2016

Thinking of selling some UCAP for FCMB...

Meanwhile I'm gradually relocating my portfolio back to Morgan. Once you go Morgan you never go back (I hope they are not reading this)

$$$

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:08pm On Dec 18, 2016

fxuser:
Sterln Bank
- positive macd divergence (daily chart)
- SP found support at .70 levels
- RSi moved up , SP still flat '( +ve RSI divergence )
- but this stock is not liquid
- but last trading 2 days +10m traded
-

Weekly chart
- sterln was at dis level in Jan 2012
- rallied to N3 by Mar 2013
- its bleed out for 3 years back to a possible all time RSI low (weekly chart oh)
- interesting

#JustObserving

But was it posting losses in it's Total Comprehensive Income then like it is now?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 5:02am On Dec 17, 2016*

Before I post this, let me say that I know this thread is for stocks investing, but it's also good we are aware of other legitimate trends unfolding around us. Emphasis on legitimate. Especially those that may affect the institutions which we invest in and may be investment vehicles themselves. For me who's particularly concerned about financial institutions this is very important

So the link below verifies all I said in my earlier post about Bitcoins. How I came close to buying some in 2014 as a hedge but the fluctuations dissuaded me etc.

So this post is meant to enlighten.

https://www.bloomberg.com/news/articles/2016-12-16/bitcoin-s-rally-crushed-every-other-currency-in-2016-here-s-why?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:18am On Dec 14, 2016

Coolcash1:
I give up on FO chase...onto the next one

Of course. Can't possibly be chasing FO. That ship sailed a long time ago. I'm just upset that I didn't board. But then again NSE magic...

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:11am On Dec 14, 2016

I hate Forte Oil.

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:04am On Dec 14, 2016

OBAGADAFFI:
Bitcoin business going-on is an MLM scheme, it's even worse than MMM, how many people on this forum have made 100 Bitcoin since they started.

We should be careful with all this stuffs.

Main while, is seems their is a strategic investor coming to WEMA Bank.

I don't know how to stress this enough o, Bitcoin is an emerging e-currency. Fraudsters are only using it as the means of exchange on their fraudulent schemes.

I've been asking about Wema since last week o, no body answer. Now it's diamond bank I'm seeing offer = N3.1M, bid = 32.8M. I talk am last week too o, didn't expect it to be this soon.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:00am On Dec 14, 2016

40manlappy:
@OBAGADAFFI, ExLaidback, Intendy, Godisfaithful

Please assist me with the quoted request

Results of quoted companies are always available on NSE's website. Cheers

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:34pm On Dec 13, 2016

ExLaidback:
The more I see the trend in digital currency and mobile money wallets the more I worry about the near future of our banking institutions.

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:10pm On Dec 13, 2016

Meanwhile, Ibrahim has said that the emergence of Bitcoin transactions is an advanced “Wonder Bank” and for that reason, it has established a joint committee with the CBN to have a holistic study of this phenomenon.

Although he acknowledged that it is going to radically transform the banking and the entire financial system space, he said that very soon there would be regulations, if not legal framework to manage this emerging instrument.

“Some big banks in the United States have developed their own Bitcoins. Now, this has compelled regulators over there to wake up.”

http://guardian.ng/business-services/cbn-ndic-plan-amcons-replacement/

The part of the quote in bold above is borne of ignorance. An MLM scheme using bitcoins as it's payment currency may be a fraudulent scheme just like one using a regular currency like Naira or Dollar. Bitcoin is an emerging payment system and they should study and create policies to manage it just like I warned in my post a few days ago. It is good he acknowledged this important issue.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 4:39pm On Dec 09, 2016

Godisfaithful:

Oga sir, why you dey laugh? Share the wisdom

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 3:40pm On Dec 09, 2016*

9free:

Second time I missed another golden opportunity. I just hope the next one I plan entering no go be one chance

Of the few stocks I'm following on the NSE only Forte and Afriprud easily do this kind of instant reversal, but I'm suspecting Diamond next maybe early year - though it's price hasn't fallen enough yet. To catch this kind of bus is 30% skill and 70% luck. Just saying

binaflexia:
Bros, I thought stocks in nse doesn't exceed 10% profit/loss daily. 10 x 8 = 80%

Yeah, actually the correct math is 1.1^8 (i.e. 1.1 raise to the power of 8 = 2.14 or 114% increase) its more like compound interest not simple interest

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:49am On Dec 09, 2016

FV*K!!!

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:45am On Dec 09, 2016*

That moment when you realize while you were feeling funky, Forte Oil just did 100% return in 8 days!!!! and you no chop one ~~naira~~ kobo inside angry

It is well...

It is...

No really it is.
$$$

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 12:57pm On Dec 08, 2016*

IMHO, only one thing can possibly be making FBNH rise apart from blind hope. One or both of their previously Non Performing Loans, having been restructured are now performing and this news leaked through insider info otherwise this one na gra gra....

N3.7/N3.8 ---> N4 ---> N4.4/N4.5 break those barriers first before dreaming of N10

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:17am On Dec 08, 2016

fxuser:
remember this :

''The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship upon them. Explanations bind facts together. They make them all the more easily remembered; they help them make more sense. Where this propensity can go wrong is when it increases our impression of understanding.''

—Nassim Nicholas Taleb, The Black Swan

Sorry, but I'm not too sure why you're making this quote on Mpeace's explanation which to me is completely on point. He nailed it in my opinion.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:39pm On Dec 06, 2016*

[quote author=angelo82 post=51699005][/quote]No Sir, without them plenty can be done.

I wanted to buy bitcoins in 2014 and keep for investment purposes so i can sell when it increases in value, but at the time, the future value of Bitcoins was still in question. The opinion was that it may rise in value or fall or disappear all together. So i forgot about it. Well wrong move. They're highly sought after now.

Bitcoins are not produced or monitored by any bank but by a consortium of physical and human internet resources. I guess you're aware of the trending online Ponzi schemes, MMM et al. While I'm happy that the non-interest (fee and commission) income of banks is going to increase significantly this quarter due to MMM and related transactions, the fact is a (little) portion of the income supposed to accrue to banks is currently being lost to the the use of bitcoins as an alternative means of payments in these schemes. The demand for bitcoins as a result increased dramatically in Nigeria recently and this demand is only likely to increase further. However like I said earlier, they are not controlled, issued or produced by banks, local or overseas.

So after the initial transaction of exchanging regular currency for bitcoins, subsequent transactions using those bitcoins do not have to involve currencies. Even Amazon is - through a 3rd party i think - now capable of accepting bitcoins. This is a big deal. Now bitcoins are just one type as there are other types of digital currencies. Soon there would be standardization so except the central bank is given the mandate to issue the digital currencies, once regular currency has been converted to digital, subsequent transactions are out of the control of a regular bank.

N.B. There are also intra-community currencies whereby a social media community like Facebook can have it's own token for use in transaction between members and with facebook. For now this can be seen in most games like Candy-crush etc. At some level this can represent a considerable loss of revenue to banks.

This is my thinking

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:34pm On Dec 06, 2016

The more I see the trend in digital currency and mobile money wallets the more I worry about the near future of our banking institutions.

$$$

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:28pm On Dec 03, 2016

Adesiji77:
http://nairametrics.com/who-is-off-loading-wema-bank-over-a-billion-shares-sold-in-one-week/

Is it that someone is dumping the stock or it's that someone is mopping them up? Is it possible to tell the difference by looking at the trade volumes alone? I know that the Bank was rated well along side GTB, Zenith and UBA though in the last Fitch ratings - if I remember correctly.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:38pm On Nov 30, 2016

angelo82:
VP has hinted a more flexible exchange rate coming soon.

Godisfaithful:
Well, let's make it probability not possibility though lol. I just hope this government listen

I hope so ooo. The NSE needs a break grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 8:01pm On Nov 30, 2016

angelo82:
I think December will be good for NSE and that rally will extend to Oil stock on NSE but full flexible exchange rate policy will emerge by early next year.

You really believe this govt will float the naira, ok o I hope so.

The OPEC agreement is very good news for banks cause their NPLs must have been restructured towards crude price of $4x - $50 per barrel

2 Likes

Celebrities › Re: Kemi Olunloyo Praises Olajumoke's Ability To Speak Fluent English by ExLaidback: 2:09pm On Nov 30, 2016

All I want to know is what type of person feels what that woman says is relevant and so makes an effort to re-post or quote it? Who?

...

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 8:47am On Nov 30, 2016

So I've just been been made to understand OPEC might not cut output due to disagreements between Iran and Iraq. I'm shaking at the bear that's about to hit the Nigerian market between now and early next year if there's no reduction in crude oil output with possibility of $20/b oil to follow.

E no go funny. Save your cash first o. No stock go survive that bear.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:23pm On Nov 29, 2016*

For me FCMB is very simple.

It is a very good buy at N1.0x. Should it fall well below N1.00 to maybe 80k, then it becomes an even better buy. In fact a must buy (for me).

Strictly speaking, there's nothing super fantastic about GTB's current fundamentals compared to say FCMB, UBA or Zenith. They are struggling with NPLs just like everyone else, but have a strong online presence (and this significantly helps their fee and commission income). Well, they also have a consistent track record in their favour which spurs NSE sentiments which in turn makes some difference - especially for a short term investor. But that's it. (Caveat: I get beef for GTB, cos they're over hyped in my opinion grin

)

So while the NSEASI might be expected to drop further with lower highs this coming year, the rough place FCMB found themselves last year where they couldn't release 3rd QTR 2015 till Jan 2016 and almost made loss, is not what they have this year. They've recovered considerably. So while they'll still drop like everyone else in the Jan/Feb bear, I don't expect it to be too much compared to others.

Summary: The market remains king. My analysis remains an opinion.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:32pm On Nov 28, 2016

fxuser:
looks like a fake out !
bids dried up
we wud know by 2.29pm

Yeah but even at that it's still out performing the current market trend, there's something the strongmen know that we don't

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 12:50pm On Nov 28, 2016

Dwizeone:
its high though, 1.35 on both but you can negotiate the commission down if you command high volume, they usually consider HNIs and institunioal investors.

Thanks, in Morgan we trust then

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 12:49pm On Nov 28, 2016

currentprice:
brov,,, it pain me I too slow to enter the stock was watching and praying to touch N2 with the market condition as quoted above after their Q3 released... but no I missed it at N2.49

I still say it Apriprud is undervalued compare to UCAP which is rightly price.

in fact I don't even know again sef... Afriprud has not been on my primary radar to be frank, I was targeting them for q1 next year, but it now seems that then may be too late...Anyway we are watching

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:18am On Nov 28, 2016

fxuser:
Afri-Prud
- jumps back above N3

I saw it at 2.94 last week and my jaw dropped. While people were obsessing with UCAP et al this one was just slowly inching up. Na wa

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:03am On Nov 28, 2016

Dwizeone:
The saying that you don't value what you have until you loose it holds true for Morgan itrade.

Having said that, they desperately need to improve on their customer care services. I think traders in this forum can help them too. Let's send them mails demanding an improvement in their services not that we are obliged to but out of necessity. My two cents.

I use Morgan itrade and wstc-etrader- very good also betters Morgan itrade in my opinion.

Hi,

Please whats their commission for WSTC, i.e. buying and selling

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:04am On Nov 28, 2016

fxuser:
FCMB says plans 7.5 bln naira Tier-II debt issue
http://af.reuters.com/article/nigeriaNews/idAFL8N1DQ3BF

Yeah I heard the news earlier, in fact they've gone far in the process but I'm still yet to fully understand how exactly his will impact on their result, I know it's meant to improve their CAR though.

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