₦airaland Forum

Intendy:
http://abokifx.com/analysts-raise-concerns-tier-2-banks-health-thisday/

“The bank has significant exposure to the oil and gas sector (37% of gross loans) and general commerce sectors (16% of gross loans), two sectors that have been hard hit by current macro-economic conditions.”

This quote from the link you shared above also featured in the ARM report i talked about, but your brother say he no see any sensible thing for my post o. I don't want to be the party pooper so...

locodemy:
Bros dont panic......all of them are about to take off no matter the odds..........think of economy,think of banks.......think of bouncing back,think of banks too........i no see any reasoble thing in that writeup.

Ok No Wahala, It's noted.

locodemy:
Nice one.......we all will do the monkey hunting together for fcmb from next week .........i am currently loading more at 1.06 and 1.07 since the thing no gree come down........

LOL...So you just reduce everything wey i write there to monkey hunting...even with the potent warning about Diamond and Access. ok o. I actually exited my Diamond today at a small loss...I think it is a serious matter

There is an ARM Investment report that was released in June this year on the effect of FX devaluation on some key players in the NSE. In it, it ranked the stocks most and least expected to be affected by FX devaluations. FCMB was the least negatively affected of the bigger banks. Access was supposed to be among the most affected. Apparently Access Bank released a report earlier in the year saying a 10% devaluation could lead them to a bit of a loss in FY 2016. Anyway as we know, since then the Naira has been officially devalued by roughly 60%!

Diamond Bank is another one expected to be highly negatively affected. So being that the FX situation is likely to be a big factor on the Q3 results of these banks, I think one should be cautious or what do you think? FCMB, FBNH, GTB, ZENITH & UBA were all above board according to the report. Skye wasn't mentioned though.

EDIT: This post is meant for those trading for very the short term (including JIJO)

Intendy:
what a pity

Interesting. Why are their finance and administrative expenses so high though?

megainvest:
FO moves with 10,000 units.

Oh I see, Thanks.

kinda thought as much.

But they might want to consider value instead.

locodemy:
it means that what you sold is not up to 50,000 units.......price change at NSE starts from 50,000 and above..........if dont understand what i mean then you need more ellaborations from others still on the point i have figured out........

THis is one policy I think is wrong on the NSE. They ought to use volume and value of trade. Imagine someone trading say 20,000 units of Forte Oil at N160 per share. This is worth about N3,200,000 yet the price won't move because its not up to 50,000. Yet that same amount will control over 3,000,000 units of say FCMB. It does not give a true picture of investor interest in a particular stock over time and the chart for these kind of stocks are usually full of dots.

Then again I have a feeling this issue might have been discussed here and elsewhere in the past.

This is a last boarding call for FCMB as it heads to the land of dreams. last boarding call no say we no tell you. 1.15 to 1.20 in view.


All these fear fear profit takers sef

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ihedioramma:
Exlaidback, So na you day stop me and peterichy prayer? i think you are my brother ?

Ah no you na My senior brother na (on NSEMPA). But when we enter room na to fire prayer against every power pushing stock price in 'wrong' direction.

But seriously we no say the stock price should not move, but it should move with permission and approval.

FBNH, everyday it closes in red yet the price is still going up. I am not understanding. Whoever is dragging and sneaking that stock price up the stairs, wo kontinue o. The earthquake that will shatter it and crash it for us to enter is still doing bench press. Shuo!



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FCMB reversal very likely headed to 1.15 if not above - i.e. conservative estimate




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Abeg chairmen in the house, I was going through the Income Statement of some companies, just trying to understand some of the fundamentals better, so I saw under 'other comprehensive income' for FBNH FY 2015, the amount there was unusually high - N40.7B. Please how's this likely to affect their 2016 result if at all? Or put differently how does the 'other income which may be reclassified into p/l' for a year, affect the next year's income?

Secondly wht's the difference between 'Exchange difference on translation of foreign operations', which is listed under Other Comprehensive Income and 'Net gains on Foreign Exchange', which is listed under profit and loss

I know it might have been discussed on this forum during earnings season earlier in the year, but if you don't mind reiterating it, I'll be glad.

Since this is a public forum, I guess it's expected to crawl with an idiot or two every now and then...

jideflash:
don't mind them o. haba. not even one person wan port out at higher price. there is God o.

DOLLARTEX:
Pls house:when is the close of register for conoil.

Let me even add to that question: has anybody been able to get any units since yesterday? All these Conoil shareholders too like better thing sef kai

Depending to much on FBNH was the single biggest mistake I made this year, and with that mistake I lost a significant amount of money. 2016 has proven so far not to be FBNH's year. Maybe later this year and certainly next year after FY2016 results things will turn around for the stock though. Since I dumped it and moved on, I can now think better and make better moves. Despite this I'm sure a lot of people still made money from the stock so...

This is certainly not a buy or sell recommendation biko

locodemy:
Ok o........i see........you mean no further fall?...........After buying oando last week at 4.87, the price is now 4.72.....and you said the outlook of the recession is already factored in the stock prices.........i am now praying for us not to enter depression because if we do,most stocks will trade at 0.01 prices including oando.............so our president should be very fast to return the country to the standard.

Surely you and I know that prices always fall and rise generally. Now news emanates everyday, I don't know what unexpected news will emerge tomorrow, e.g. unexpectedly bad Q3 results, but for now, the exchange has since taken into cognizance the fact that we are in a recession and that we would be for a while. Depression? I no know about that one o

EDIT: Let me put it another way, I expect the ASI to find support at 27000 within the next 3 months.

rebekah2011:
It is becoming increasingly wise for one to exit all postions where one have experienced gains however little it may be. The outlook for this economy is not looking rosy at all. The recovery of the economy is looking like exploring for crude oil in the Lake Chad basin.

I am locked in with losses all over my portfolio. Which way Naija

The fact that we are in a recession and to a large extent the economic outlook for the midterm has already been factored into the prices you're seeing on the exchange.

Tritri:
Am currently number 2 on easykobo stock trial. But when i trade with real cash i lose . i dont know why.

Your emotions. On trials you have nothing to lose, you think clearly, devoid of greed or fear. The reverse is the case when you commit cash. 70% of stock price movement is human psychology in action according to my observations.


In other news I sold some Dangflour and FBNH at a loss last week to jump onto FCMB, and it has paid off so far. We are getting a little better at this by the day.

So this is how they'll use mago mago to prevent the masses from cashing in on good deals or getting out of bad ones. Which kind country be this?




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fxuser:
Diamond bank
- still oversold in d bearish zone
- The pull towards N1.00 is losing steam
- Bargain hunters have been busy
- will it find support above N1.00 junction
- similar behaviour wt Fidelity
- RSI peeps will be happy with the strong oversold posture

#justObserving

Weldone Sir. Your observations are appreciated, wrong or right.

Wow,

@biola42 I just stumbled on this post now and looking back I guess every concern raised here has been justified. Nice one.



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feelamong:
Some people are gradually mopping up Champion breweries..

and they are making sure that the price does not appreciate just before close of market...

then they start the next day to mop all over again...

interesting days ahead

I observed the same thing happening to a number of very promising stocks on the NSE now, not just Champion Brew.

kentoto:
I agree, though the market is slow these days, it has the potential anytime form next week .

What about zenith bank results? Can't remember seeing it, or have they moved to september too. If so, it means bargain hunting will continue till the end of the month.

K

Yeah Zenith, GTB and UBA postponed their results because of audit or so...But the postponement seems in perspective, to be indefinite (the wait is kinda long), hence the market direction on the three stocks is somewhat indecisive as to resistance levels but it's still ultimately bullish. However Zenith and GTB have already gone through the process that I now envisioned for UBA which is a temporary, strong bull.

I hope their results don't get to September sha. That one too far jo...

Anyway like I said earlier it's just my opinion which may or may not be wrong, it doesn't matter much. What matters more is what strategy one has in place to handle the outcome...

otokx:
N5 this week!!! Are you for real?

Edited:

Yes bros. That's largely dependent on when they release result according to my own DD. The only thing delaying it is the release of results other wise it has shown every sign of a sustained bull. However if it doesn't pull through this week, it's likely to do so early next. In fact for obvious reasons i'm more sure of a bull on UBA to happen before that of UCAP (which i expect NOT to close below N2.30 again before it finally touches N3.00 some time later, can't say when, hence my small warning yesterday)

But you see when i express any opinion, I do so knowing fully well that the market is king and that I may be completely off

kentoto:

I've been studying this one since last week and frankly I'll be surprised if it doesn't cross N5.00 this week even though the Q2 result may still be far.

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ukay2:
If the price enter N3.50. , I go offload and ran with my loot to NTB asap

We are making money this year...

Bros for this NSE? Abeg make e touch N3.00 first biko before imagining N3.50...

feelamong:
Sharp man....

Been waiting for this stock but decided to go in when i saw what Tbills and OMO rates have been doing...

These guys and some banks are minting cash now...while not taking any risk!

just take a look at the assets under management....

Bros I'm learning from you . I like the angle from which you did your analysis.

I have a feeling the price would definitely exceed N3.00 well before year end, but as usual the market is king.

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People waiting for UCAP at sub N2.00, no surprise if it reaches N3.00 before it's body kull down small o. That stock looks like it's headed for KM3, so after my small analysis yesterday, I had to jump in at N2.42.

This is not a recommendation at all o.

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ukay2:
Leave vitafoam to N1.45k

N1.45 ke? You're kidding right? Or did something happen in Vitafoam that I missed? Bros the lowest Vitafoam has closed in 10 years is N2.47. Presently it's selling well below book value according to the report recently published by Thomsom Reuters. As a matter of fact, I expect a turn around any time from now, but then again the market decides so...

A situation where the State govt or FG/CBN is too willing to rescue a mismanaged and potentially distressed bank without imposing very stiff sanctions on the execu-thieves does not bode well for our banking industry. It may come across as an invitation to bank execs to toy with depositors funds and take unnecessary risks. Personally I find Emiefele too frigging weak and maybe even complicit




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