₦airaland Forum

Just Rants
-The corporate debt market is busy, PFA's will be smiling. wacking 17%- 22% interest on govt & corporate debt instead of waiting for unknown dividend

Forte Oil
-drops further to N67.35
- some serz sell off ongoing

market health check

Worst performers YTD Bottom 10
Forte Oil -77.39%
Skye bank -67.72%
Portland Paints -63.30%
Sterling -61.75%
Diamond -60.43%
GSK -60.41%
Caverton -59.51%
UACN Prop -56.16%
Ashaka -56%
Transcorp -55.82%

the bears have been busy and well feed by buharinomics

heard best performing PFA's have no holding in equities.
its all fixed income game for now and going forward
low volumes will persist for a while longer
Emefiele will likely maintain this forex status quo going into the new year
investors will also maintain siddon look

Mpeace:
Somebody kindly assist with meristem regisrtrars address and phone number.

Meristem Stockbrokers Limited
Phone: +234(1)2717353, 2717354, 2717355, 0800MERISTEM
SMS Only: 08076767606

Skye Bank may sell subsidiaries to boost capital
http://af.reuters.com/article/nigeriaNews/idAFL8N1DN4VM

we heard this before

Godisfaithful:
The road ahead is far...The CBN (Monetary policy maker) is not transparent in dealing with Nigeria situations at the moment. As long as they still pegged the Naira, we would continue to see the market tanked and stagnancy of the economy. No investors (foreign) would bring their currency to a country where the federal government is contrarian. This government don't get it at all

Yhuup

[quote author=Intendy post=51269047]stocks with new 52 weeks low
sterling bank #0.70k
transcorp #0.67k
PZ #14.49k
Wema bank #0.51k


Wema SP just dropped below Unity bank loll !

Forte Oil

no bids
sp drops to 78.54

FBNH

-back at the N3 region
- always find good support ard this price level
- a safe entry from long term fbn lovers (bid below , u might be lucky )

Early volume leaders

Diamond 9.7m
Access 4m
Unilever 2.8m

market remains oversold

Zenith testing N14

Brent
USD/bbl. 49.52

Index
- bears still in charge , index well oversold
- drops below 25,500
- bloody november

no longer technical depression

binaflexia:
....and diamondbnk with 35m

thats how some are waiting for fcmb to just try itself . . .
cant break 1.04 since this bear attack !

fxuser:
FBNH jumps to top vol trades wt 26m traded

Diamond jumps ahead wt 34.8m trades

Oando

- 2 hammer candle stick back to back
- now on full bid , no offer

fxuser:
Top 3 financial services volumes

Access 22m
Sterlnbank 14m
Diamond 4.6m

#weak volumes generally

FBNH jumps to top vol trades wt 26m traded

Top 3 financial services volumes

Access 22m
Sterlnbank 14m
Diamond 4.6m

#weak volumes generally

Index
- needs support at this 25,600 level
- RSI don dey reach 14
- macd remains below signal line (still bearish)
- market was here on the 04 - 12 May before breaking out
- if no support , next stop 24,700 before 23,900
- cheap can be much cheaper


#nawa oh

Skye bank
- finally finds 50 kobo

ExLaidback:
Meanwhile I did small analysis on Diamondbnk recently and it seems too early to purchase as they are likely to post a loss by the end of this year if care is not taken. So their price might still fall far below what it is now before finding support

yhhup . . Pascal Dozie is clearly not smiling

bloody Novemeber , market down -5.95% this month and its not over yet

#nawa

Fidelity
- full bids , no offer

Post currency float in Egypt is attracting inflows unlike our Kite held mago-mago float !

http://www.bloomberg.com/news/articles/2016-11-17/world-beating-egypt-stocks-defy-trump-slump-as-foreigners-return
-Equities rise more than 20% in dollar terms since Trump win
-Overseas investors add $163 million to Egypt stocks in Nov.

Skye bank
- on full offer , no bids

angelo82:
The funniest part is market may go north by December.

Diamond
- on full bid , no offer

angelo82:
Result may not be bad as the previously declared loss for 2015 because the new management may want to proof that they are on top of the game.At least Skye may be good for speculation.

- umm
- its at a new 52-week low of 0.53kobo
- so there is nothing to fear technically
- but with 3 quarters missing , the oil loans , directors loans , devaluation from 280 to 305 yet to be reflected , irregular account concerning mainstreet buyout + d general bearish times
- its a tough one boss

angelo82:
The funniest part is market may go north by December.

i hope so , before this wicked bears wipe the index back to Jan levels

angelo82:
Can you recall how much SKYE was trading before the last result and how much higher it traded after the result?,and what do you think about expected result from SKYE as in when and expectation.

Skye bank . . um
- posted N40.73 Billion Loss in 2015 FYE
- Announcement was late July, ard 29th . SP closed at 70kobo
- but rewind to July 01, Skye SP dropped from N1.05 to 58 kobo by July 15th
- only to rebound from 58 kobo to 90 kobo in 6 days ( both movements clearly speculative)
- since that flash rally, its been on d down trend.
- asper results , not expecting it to be good at all (IMO)
- the former chairman shud be jailed honestly

Tritri:
@fxuser

From the way market is failing , do you think we should hold back till 2017 before buying again ? For long term investors.

IMO
- index is still on a long term bearish trend
- no need to be aggressive

NSE30
- look at the 5 year chart for say NSE 30
- index was at ard 900 in Jan 2011
- index sustained to bull run still July 2014 (making 3 tops Jun 2013, Jan 2014 & Jul 2014) hitting above 1,900
- index started a free fall after july 2014 breaking below prev pull back low
- index found some support at 1,200 and a mini rally in Feb 2015 - Mar 2015 ... down trend continued
- index hit another support Jan this year ard 1,000 mark (remember d Jan sell off)
- another mini rally wh ended ard Jun (wh is actually a long term pull back depending on the time frame)
( remember the guy that kept shouting May , wh i felt Sell in June seemed more accurate)
- anyways we are still on the long term down ward trend while the market is short term oversold
- don't be in a hurry to average down or mop aggressively , buy small small like recharge card i guess.
- i not a long term investor , let d 50dma and 200 dma guide you in d prevailing trend sir