₦airaland Forum

locodemy:
Got 1.2m units @0.77.it's not bad if i leave @ 0.90 kobo.

locodemy:
Diamond bank on the run.......Oga Tritri don hammer.

duni04:
Can i pick your brain on PZ and FIDSON. Are they reasonable buys at this time, fundamentally and technically.

IdrisAdebiye:
My thoughts on FCMB:

1. By end of this month, FCMB will release their 1st Quarter result which most likely wont be a bad one (remember that the anticipated bad result is for 2015 year end).

2. What some investors are doing is called Positioning. That is, buying now at N0.68k (and some are praying it will crash further to sub N0.60k) not because they are buying to get dividend but only buying against the future -half year (which is in 4 months time)

3. By half year, EPS (earning per share) would be in the range of 50k and the price would move to about N1.30k which is almost 100% return for the investors that would enter after now.

Note, the Bank will not die, its a going concern. They have a challenge with bad loans and they'll take the provision and move on.

Ask yourself, those that would wait for 6 months and make 100% or more, are they really 'stupid'?

This is not a 'buy' recommendation in any way. I just wanted to add my voice to the on-going discourse.

Thank you

locodemy:
Buying back fcmb at 1.15 is not bad since i have some units sold at 1.28..........

DeRuggedProf:
WELCOME!!!!!!

See as buyers and sellers park dey look each other.....

locodemy:
i expect it to stand firm at 1.20 until news of results surface.......tnx

locodemy:
surely,market sentiments and rumours of results will take it above 50 RSI

locodemy:
pls fxuser,pls post the current market activities in both fcmb and sterling bank for me.tnx

locodemy:
pls fxuser,pls post the current market activities in both fcmb and sterling bank for me.tnx