₦airaland Forum

kolaish:
And the bid keep mounting for FO

bears take a rest for today !
someone actually called N50 target !
but wat a bloody ride !

[quote author=OBAGADAFFI post=51507426]60% (buying out Exxon's)

Forte Oil jumps to full bid early

Nipco paid $1.39 per share (based Exxon mobil deal)

ExLaidback:
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.

nbst
the deep pockets will remain on the side for much longer ! Fixed income will continue to soak liquidity

Volume leaders Top 5

Wema 356m
diamond 63.5m
fcmb 14.6m
Eti 9.4m
wapic 6.0m

fxuser:
FCMB
bears turn up
on full offer
sweet spot is N1.00

1.02 support turning up

FCMB
bears turn up
on full offer
sweet spot is N1.00

Some J.Livermore Trading reminders

-Nothing new ever occurs in the business of speculating or investing in securities and commodities.
-Money cannot consistently be made trading every day or every week during the year.
-Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.
-Markets are never wrong – opinions often are.
-The real money made in speculating has been in commitments showing in profit right from the start.
-At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
-One should never permit speculative ventures to run into investments.
-The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
-Never buy a stock because it has had a big decline from its previous high.
-Never sell a stock because it seems high-priced.
-I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.
-Never average losses.
-The human side of every person is the greatest enemy of the average investor or speculator.
-Wishful thinking must be banished.
-Big movements take time to develop.
-It is not good to be too curious about all the reasons behind price movements.
-It is much easier to watch a few than many.
-If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.
-The leaders of today may not be the leaders of two years from now.
-Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
-Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.


Good Morning

Intendy:
don't use good money to chase bad money.
but opinion differ bro.
enjoy yourself.

It’s important to remember that just because we know that a strategy/system has a positive expectancy, we don’t know what path must be taken to get there. Cos large drawdowns can be mentally challenging esp over a long period of time.

[quote author=Intendy post=51453390]stocks with new 52 weeks low



FO N59.66 !


bears need no explanation

Willie2015:
Zenith is still coming down to that =N=9.00, patience is a virtue only few can practice it.

chai ! haba

fxuser:
Zenith
- drops to a 3 month low , breaking below N14
- further down side in play

bears no gree !
SP drops further
bargain hunters will be watching this very closely if there are any left sef

Forte Oil
- full offer , no buyers .
- drops below N60

#nawa who Otedola offend ?

ExLaidback:
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

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

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.

AfriPrud got just a 3rd of UCAP's SO.
Dem be sisters

Access
- crosses 5.80 !
- wit above avg vol

Afri-Prud
- jumps back above N3

Cadbury
-full bid on friday and today

Zenith
- drops to a 3 month low , breaking below N14
- further down side in play

Born2berich:
From Atedo Peterside: I attended an economic outlook session with top economists and top CEOs today and thought to share some of the perspectives. The session looked at Nigeria's economic direction for 2017. The summary: 2017 will be tougher than 2016. The economy will not recover until 2018, even 2019. Inflation will continue to be high (hovering around 20%)and Naira to dollar will remain in the 450s. With money scarce many more businesses will fold up, leading to job losses and more poverty. With inflation and high exchange rate the banks will not be able to give loans and when they do the interest rate will be too high to afford. With high inflation those with paid salaries are now actually earning less, that is if they will be lucky to keep their jobs... The presentation shows that all sectors of the economy (not just oil) are either falling or already in recession (below zero). Signs are all over: British Airways just converted it's Nigerian office into an agency; almost all foreign airlines now fuel in Ghana; many people now smuggle crops and raw materials out to earn dollasrs; 75% of vacant houses in Ikoyi and VI don't have buyers; Shoprite that opened in Ajah in August is still 70% empty as dollars to bring in goods is scarce and customer count is poor; 5 other big supermarkets in Lagos have closed shop etc.
The experts' advice:
1. Cash is going to be King and whoever has it or has access to it should preserve it.
2. Spend less than you earn; SAVE for the rainy day.
3. Cut down on avoidable merriment.
4. Expect the worst Christmas in 20 years.
4. Look for dollar or pounds-earning businesses if you can.
This is a privileged info, I hope it's useful to you.

Good morning all

cheers for share, my sentiment

ExLaidback:
I know the result wasn't bad. I previously thought it was bad when they brought out the one with the wrong figures. When they corrected it and I listened to their call, I realised the loss isn't that bad. That's what I've tried to explain by calling it artificial

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

angelo82:
Previous result had error and this is the updated version.

http://www.nse.com.ng/Financial_NewsDocs/15756_FCMB_GROUP_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_NOVEMBER_2016.pdf

yeah , kept wondering where they got 11bn for 2015Q3 !

currentprice:

Forte Oil falling off the cliff ! who pulled out ??

Willie2015:
Quarter 4 is going to be tough, thats why I always stay with the big guns, GT, Zenith & Access. No matter how bad it is, they will still weather tough times than 2nd tier banks.

fav in that grp is Access in terms of value for money but sentiment driven , u cant beat GT. Its d XO , while others are VSOP

ExLaidback:
By the way to me, this FCMB result was a good result but it wasn't fantastic. (UCAP was fantastic for comparison). They actually made a loss in Q3 and except there's a devaluation before the end of the year, they'll likely make a loss in Q4 too - I'm just speculating here but the conference call today should clarify this premise hopefully. What that means is that the EPS declared now may reduce in the FY 2016.

Be that as it may there's still tremendous upside potential within the next 4 - 5 months if they don't do too badly in Q4 and dividend next year should still be much much higher than this year.

tough Q3
Diamond made -5bn loss , Sterln +1.5bn profit , Fidelity +3.2bn profit , FBN 6.7bn profit unlike d big boys Zenith made 55bn in same Q3!
interesting

serz d award for Most Stubborn stock goes to UCAP

angelo82:
Seems the have turned the table around and they might have actually audited the account just to be sure that every thing is ok without releasing to the market.I think instead of profit warning expectation they might actually surprise the market with a better dividend.Seems like they had it all planned but just that most people are not really selling their stock like the previous sell off.

yeah cud barely break N1 even in this bearish wicked november

umm FCMB
- 15.3m units traded already

rebekah2011:
FCMB said the Q3 will be delayed because they wanted it to be audited. Why this unaudited report now? The banking segment is looking increasingly shaky.

#Throwback

'' FCMB Group Plc issued a profit warning in expectation of its delayed third quarter (Q3) 2015 earnings before the end of Jan 2016. ''

- remember we have seen this Q3 delay before ! only for them to surprise mkt with dividend ! Let it happen again

Coolcash1:
FO on my mind but won't touch it until it reaches N5....

wicked lol

binaflexia:
TOTAL @230 now.
I'm not sure it will be heading to 500 dis year!

yhuup