₦airaland Forum

Forte Oil
- major bounce still ongoing
- over +70% gain since nov 30
- markets

Mpeace:
So you think oando will just pay everything at once even if they have the money? My broda the loan is structured they will only pay the part that is due, depending on whether their arrangement is for monthly or quarterly or even yearly payments. Mind you oando has many projects and capital issues to deal with.
FBNH has bigger debtors than even the oando. Atlantic oil and AITEO are their major debtors and reason for high NPL.

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

Loss aversion bias

''The loss aversion bias psychologically forces many investors in the panic-stricken stage to sell just when they should be buying. Studies have shown that investors feel losses about two and one half times as much as they do gains. In other words, if you have two stocks, one a 20% loss and the other a 20% gain, the 20% loss will feel like 50% loss compared to the 20% gain stock. ''


umm

'' An anchoring bias is the tendency to rely too heavily on the first piece of information provided and then make judgments on other information provided based on the anchor information. ''


#SelfAnalysis

Forte Oil
- dat rebound nbst
- from 52 week low to be testing N90 , dats over 50% jump !
- kudos to those who braved it

locodemy:
i am not scared of fcmb .......I now have 15 m units of fcmb bought at good prices..........i must see this stock at #2.00 before june 2017..........

umm nothing is impossible
but last time it touched N2.00 was Nov 2015

Ucap
- re-testing 2.50 again !
- failed yesterday to close at 2.48
- that man wey de cash out 2.50 for the last few weeks suppose don sell finish nah
- if price closes here for the year not bad.

Fcmb
- if u bought the N1 support, just siddon look

Coolcash1:
Huge volumes traded in diamond and Wema bank...Is like there is a block trade or what?

maybe a change in strategic investor

FBNH

- JIJO's who bought at N3 support will be looking to take some profit soon

Coolcash1:
CBN should just nationalise the bank or dispose it. The former board and management killed the bank while Emefiele helped in burying it.

Even AMCON will reject Skye. They can't afford it for now

fxuser:
FCMB
- 0.99 / N1.00 support still holding
-

-Vol traded jumps to 25m
- the sellers yet to be exhausted , buyers holding the line

Total
- breaks back above N300
- on full bid
- this oil better hold above $50 till jan ending

FCMB
- 0.99 / N1.00 support still holding
-

UCAP
- very reluctant buyers
- slight bids above 2.50 wt weak volumes !
- buyers and sellers have a stalement at this 2.50 junction

FBNH
- breaks out
- macd breaks above zero line

PETERiCHY:
Its crystal clearly the current Morgan capital management is now playing pranks with investors fund.
I sold all my stocks last week and my payment date was due yesterday.
Last night I was told that my account has been funded but Uptil now I haven't receive any alert.
Upon all the countless phone calls and email I have been sending since last week.
Today they came up with any story that my fidelity bank account is rejecting their payment.
God bears me witness just I received over 1million Naira through the same fidelity account about 2weeks ago and with the same account I got paid on 2 occasion when the owner was still alive.
I had operated the same account for about 10yrs all of a sudden it's rejecting MORGAN CAPITAL PAYMENT.
WELL WHOEVER KNOW THE CURRENT MANAGEMENT SHOULD BETTER WARN THEM NOT TO DARE JOKE WITH MY FUND.

Nawa

angelo82:
This is it and you should read it carefully as it will give you a glance of what to expect.

http://ir.fbnholdings.com/wp-content/uploads/2016/11/9M-2016-Conference-Call-Transcript-26-October-2016.pdf

Nice one

Primetech:
FBNH @ 3.25...Mehn!!! Dec. is sure to be BULLISH. How I wish my creditors can be patient till Jan. 2017

FBNH
- SP crosses above 50dma
- macd crosses zero line
- RSI 71.7 (last time RSI crossed 70 was in May )
- positive sentiments persist

Nig Brew
- big volumes
- Over a billion worth traded

FYI:
Investment One bid/offer data is still from friday !

Vol leaders so far

fbnh 11.5
fcmb 8.6m
Gtbank 7.2m
NB 5.7m
Fidelity 5.1m
Oando 5.0m

Ucap
- still testing and trying to break 2.50 resistance (wait for it )

fxuser:
FBN
- moderate break out
- charts showing change of sentiments
- still within accumulation stage

now testing 3.20
vol leader

Has Forte Oil found the bottom??

locodemy:
The downside risk of oil companies investments in 2017 is minimal.
Many investors has started taking positions in oil stocks since the OPEC deal is announced.
Investors are also waiting for another announcement this week from opec if their meeting with the non opec members is up to expectations.
The upstream companies and their financers(Banks) are the stocks to watch in 2017.
Those of you in OANDO,FBN,FCMB,UCAP and Eterna oil,sit tight for the time of risk is over.
Crude oil rise in 2017 is part of agendas in fixing the economy and getting out of recession(65%)

I See most of the oil companies especially the exporters going on bid again this week......

Week of investors appetite renew
Week of volume watching mode

2017.........year of wiping away of tears.......rolling

FBN
- moderate break out
- charts showing change of sentiments
- still within accumulation stage

NSE Oil&Gas Index will likely be on the green !

debeey87:
We will be competing with Ivory coast when it gets to that time.

Not likely, probably get much worse so the Emefiele scam crew can buy at 305 and sell at N100 plus premium with ease ! On a every 10 million usd sold, they make 1 billion Naira easy.

FBH
- N3.00 support done and dusted (if u came in ard here, just maintain siddon look jeje)
- next support / resistance N3.10 ( testing ongoing)

Index
- weekly charts still bearish
- dis fx fiasco is albatross on d economy's neck

FX Holders
Those in dollar, stay in your dollar jeje. N500/$ is not too far away.
#sigh !

Top Volume today
Wema 542m
Diamond 81m
Access 36m
GTbank 23m
Fcmb 17m
Fbn 17m
UBA 11m
Transcorp 7.5m



#byeBloodyNovemeber

currentprice:
let see opec agreement in 7 minute

brent $50.10/bbl
up +8.02%
(e no concern Emefiele's naira)


#postOPEC

OBAGADAFFI:
Will Nipco name replace Exxon's on the NSE

umm ! not sure
the stations will change for sure

umm FCMB
- back at prev support
- d game setup is in play

FBN
- survived that N3 support , testing 3.10 !

UCAP
- 2.50 resistance is not made of bricks , na full concrete
-

a November to remember