₦airaland Forum

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15223_PRESCO_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

banks have fx gains, palm oil producers have biological asset gains ! lol

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15223_PRESCO_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

WOW

currentprice:


the last late filing warning send this stock price below 70k.......what should we be expecting this time

u never finish mopping ?? abi

Tritri:
@fxuser

Are you sure ETI is not following the same route as FBNH?

umm
- very possible,
- d downside risk is very real here
- a poor Q3 will only vex d bears further

UCAP

- the bears won d day !
- bulls unable to break that 2.60 resistance
-

FCMB
- Q3 delayed till NOV month end
- http://nse.com.ng/Financial_NewsDocs/15222_FCMB_-_LATE_FILING_OF_Q3_ACCOUNTS_CORPORATE_ACTIONS_OCTOBER_2016.pdf

Intendy:
stocks with new 52 weeks low

ETI #9.96k
fidson #1.45k
PZ #16.65k
aiico #0.58k
cadbury #11.88k
No new 52 weeks high

ETI
- market already pricing in the upcoming dilution before d preference shares are even listed !

Cadbury
- will liekly join the sub-N10 grp at this rate

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/15209_ZENITH_BANK_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

No surprises here. We were expecting N100bn plus !
Next stop Access , shud be >N60bn

rebekah2011:
Yes. It is down. same here

yup it is

debeey87:
Why are they all divesting their stake

umm from Mobil to Total !
if they are cashing out then i'm sorry for d local buyers
these guys don't leave bread on the table

Mpeace:
I just wonder what would happen to Diamond Bank and Stanbic Ibtc shares today, as MTN admits transfering 13billion dollars illegally through them and two others.

MTN dropped last week on d SA index

Access
- fighting 5.60 resistance when the real psychological barrier is N6.00
- the late comers waiting for results will us get there so we can exit & come back in wen d ''late comers'' sell because they didn't get that 20% - 100% miracle jump in SP or some suuper bullish rally induced by earnings ! !

binaflexia:
Good to see AFRIPRUD selling below UCAP.

lol nice one
there is a first time for everything !

binaflexia:
Sold my UCAP today with tiny profit. It doesn't look like breaking the 2.60 resistance yet.

My mind on UBA or WAPCO, still undecided on which to average down.

dat 2.60 is one major resistance

NSE banking Index (NGSEBNK10!)
- is still bearish
- d shorter MA crossed below the longer MA
- BNK10 is trading both below 50dma and 20dma
- further down side risk is still present
- and bnk10 is tending towards oversold region but not there quite yet

#JustObserving

GTB
- impairments grew from N9bn to N57bn y/y (expected) ! Fitch and co have cried doom
- there is no commodity crash with out scars & causalities (see oceanic, intercontinental et al)
- some will survive the storms and some wont (GTB will)
- asper fx gains, GTB went very long on fx betting against the Naira (and stupidity) it was deliberate and they made this known
(our man in dubai did the same and advised others also but his communication methods were somewhat slightly dramatic)
- if you think GTB's results is below par for such a time like this , just wait see others first.


FBN
- this is d one people are waiting for !
- i think the market has priced in this NPL debacle already and now over reacting wh is good for traders


dis:
im a learner ohh

OBAGADAFFI:
Ok, tomorrow with give be GTB first litmus test.
Most investors won't put their monies in any stock with no immediate value.
It will be JIJO all the way.

-No surprises about GTB Q3
-also expect Zenith to deliver above N100bln

FBN
- after touching 52 week low psychological level (N2.95), its finding some lil support
- very lil trades , so no one is shifting grd lol
-interesting set up

UCAP
- buyers unable to break 2.60 resistance, full back hand slap
- but SP stays above major trend lines

dis: i'm long here

Transcorp
- dilly dally at dis N1 support junction


#justObserving

feelamong:
Oga what is the good news?
Meanwhile Forte Oil lost out in this sale of Mobil downstream...OteNAIRA must be really feeling sick now..
http://www.nse.com.ng/Financial_NewsDocs/15170_MOBIL_NIG_PLC_DIVESTMENT_OF_SHARES_CORPORATE_ACTIONS_OCTOBER_2016.pdf

And FO is down another -5%
dancing with d bears

ETI
- back below N11 junction wt some serz cross trades
- 82m units traded !
- always reminds me of Oceanic bank ! (nothing is too big to fail)

coruso:
Please, an Oga in the house help me with the contact number of Morgan capital. I sent a mail to them yesterday to tranfer the small money from my Morgan account to my bank. But unfortunately now no response no transfer. It urgent please. Thanks

Client Services
t: +234 1 4540114 / +234 1 3429613 / +234 8107596134

BMZK:
FBHN, the more you look, the less you see.

loll gbam

angelo82:
Market is foot dragging but quick release of results could trigger mini bull.

or halt d bearishness

fxuser:
- yeah, really really big red candle

FBN Watch
- N3.00 wh was prev support is looking like new resistance ! too early to tell
- a possible triple bottom is forming

kentoto:
People,
Technically, the support range so far has been 2.90- 3.00, I see it reversing this week.
Today's red candle is attractive, the stock might get some attention tomorrow.
K

- yeah, really really big red candle

The 3 to always keep in check:

-over confidence
-over trading
-over reacting

ExLaidback:
Sometime between now and end of the year, CBN is going to have to release it's grip on the Naira, allow it depreciate a little in order to allow some of these banks breath i.e. considering the rising NPLs.

We know that's why they devalued close to the end of June. Policies to favour the elite

highly probable
- the timing of the back log clearance
- the technical devaluation of allowing Travelex to sell to BDC at 375/$ (prev 358/$)
- reserves about to drop below $24 bln
- dem gat no choice, i think after banks Q3

DeRuggedProf:
They kept pushing out volumes @ N2.98.

-yeah, all the way to N2.95 !
-Interesting to see how it will further shake out those carrying drawdowns
-watching this closely

fxuser:
Transcorp
- buyers keeping that support line
- 49mln units traded

FBN

-Sellers are breaking the support !
-bottom fishers shud hav more patience
- 14m units traded
-macd crossing below zero line ! further downside probable
umm interesting

fxuser:
Like FBN ! Transcorp also looking for support at N1 !

- bottom fishers in d game

Transcorp
- buyers keeping that support line
- 49mln units traded

remember:
wait
watch
Trap

be patient, very patient like a predator

#NoteToSelf

fxuser:
FBNH

- looking for all d support at dis N3.00 junction
- wait for it !

Like FBN ! Transcorp also looking for support at N1 !

- bottom fishers in d game

GTB
- looking for support ard dat N24
- it may just hold