₦airaland Forum

DeRuggedProf:
This market is presently confusing me.... . IS THE NAIRA A FAILED CURRENCY?

Naira is yet to find equilibrium, its a painful reset button

DeRuggedProf:
where do we expect the bottom of first bank?

we are here already . .
are u part of the team waiting for N2.00??
#harshpeople lol

Access bank

-4 red candlesticks back to back !
-hugging the zero line
-wt below average volumes
- smh

feelamong:
initia gra gra..

we saw same with Access then..

umm u can say that again !

UBA on pre-market bullish sentiment

maslong:
https://uk.m.yahoo.com/w/legobpengine/frontpage/uk.news/man-accurately-predicted-4-market-063000480.html?.b=%2Findex&.intl=gb&.lang=en-gb

Interesting observations on global market
http://video.cnbc.com/gallery/?video=3000545847

(DOW , GOLD , OIL )

Raider76:
MTN to the rescue. ..

umm . . MTN market Cap is $16 billion (220bn rand)

We shud have an Index ex-DangCem !
really . . .

Fidelity breaks below N1
Next Diamond , FCMB possibly?

#watchZone

we have Emefiele to thank for this opportunity !

dear Newbies,
Fear not, this is wat u have been reading & asking about.
A man opens his mouth, spooks the market
Creating panic just to please his oga when there are facts that have been ignored
Crazy times we live in

kentoto:
Them must pay oh, Tony had better go look for am.

People (including myself have been waiting).

No story

lol

Raider76:
Chance of a quick 10% JIJO be dat...

u know d drill too well

angelo82:
But UBA on bid.

UBA did everything possible to ensure market was aware they had sorted the issue.

umm Emefiele curve ball !

barred banks on full offer
liquidity is key here

soloniger:
thanks for the TAs

UW boss

Question: Has $nge bottomed ??

looking at the ETF:
- d etf is trading above that hit a all time low of $4.13
- nge index was worse off in dollar terms compared to Jan (float effect)
- nge hit a all time low of $4.13
- closed yesterday at $4.44
- Macd crossed signal line but under zero line , RSI sloping upwards from oversold region
- Naira hit N365/$ last week but closed stronger due to CBN injections
- parallel market seems more stable in the last 10days trading within 395-400/$ unlike d interbank
- that gap in btw is a big problem
- brent back below $50/bbl (sigh!!!)
-$nge top holdings remain d same: (NB 19.49% , GTbank 12.11% , Nestle 2.53% , Zenith 7.26%, DangCem 5.42% , Access 5.11%, UBA 4.81%)


#justObserving

penny stock players must be watching:
fidelity, sterln, fcmb & diamond closely
all trading at potential support levels

(skye is yet to release 2016 results)


A blessed and fruitful week ahead folks

Revisiting Access (Post Q2)
- +ve Q2 beating estimates
- immediate bullish posture from dividend & Q2 results
- Simple dividend logic applying here. Dividend Na Dividend, so price is key (GTB N25.62 & Zenith N15.77)
- all indicators turned +ve
- prev 52 week high was N6.50 .
- mkt will be watching that level . . . along with closure & post closure
- #bargain

Note:
UBA is enjoying a speculative ride along

Revisiting Transcorp

- opened higher and closer higher on a 30m + volume (above avg)
- money flow spiking up
- bearish pull back slow down
- all signs of reversal
- JIJO players in full game mode here !
- not for kids

Note:
- offers can turn to full bid & vice versa in a blink of an eye
#caution

FO Fans
- some good news , a developing positive divergence over the last 4 months
- SP forming lower lows , while MACD forming higher lows.
- MACD also sloping towards to zero line
- RSI also out of oversold region and sloping upwards
- the bearish momentum or sentiment is at its tail end
- recent entrants et al shud be patient
- low downside risk but not a guarantee towards a bullish
- This is not a bullish signal also
- SP is still below major MA's and zero line (wh is bearish)

#justObserving

Disclosure:
- This is not a buy signal , I do not have any FO shares

kolaish:
Good talk. I don't see FBNH going down that much. It has been punished enough by the market. The only way now may likely be UP, marginally though.

TA thots on FBN
- investors are eager for a breakout or reversal
- SP touched 52 week low on Aug 15 but closed higher forming a hammer indicating a possible reversal
- FF days were full of indecision forming some level of support above N3.00
- Strong volumes 2 trading days
- MACD is tending towards signal line but trading below zero line (bearish zone)
- RSI indicating its oversold supporting a long position
- Last time FBN touched N3.00 was ard March 31. Its found support & cruised its way to N4.50 levels were it met strong resistance
- It's back at the same support level .I'm not sure it going to drop below N3.00 but we wait and see.

My advise: buy the support , sell the resistance (gradually ohh)

#justObserving

disclosure
Nothing significant

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14788_ACCESS_BANK_AUDITED_Q2_JUNE_2016_FINANCIAL_STATEMENTS_AUGUST_2016.pdf

best result i have seen in the banking Industry so far...

thank God I kept faith ..now on to UBA

yhuuuuuuuup

angelo82:
Contrary to your analysis,I believe Access will move upward by at least 20%.

A big amen & I can understand why.
After seeing that N50bn PBT and Total income puts Access in an extremely undervalued position
That q2 just pushed it to d lowest p/e in bank sector !
#cheap

kentoto:
UBA on full bid, maybe results are close.

this Access sef , they posted interim before results !
#cowboy

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14791_ACCESS_BANK_PLC_Q2_AUDITED_JUNE%2716_CORPORATE_ACTIONS_AUGUST_2016.pdf

The usual 25kobo

Was busying looking at charts since ! so the result is out

Access
- cheap no doubt !
- no upside momentum
- even if they give 30kobo sef , upside reversal is not likely
- interim dividend effect has been nullified by economic uncertainties
- Moving average is indicating SELL or a bearish posture
- will interim dividend swing a reversal ? IMO - not likely much
- its a premium stock like zenith and GTB. (premium) (you sell only to come back higher kinda of thing)
- the major players here are foreign investors. But they are buying Emefiele's confused invitation .
- forex gains + oando restructure shud play a very decent Q2

#JustObserving

Disclosure:
Own some

Transcorp
- This is for JIJO masters , NO Grand Masters
- caveat emptor to newbies
- SP after hitting N2 in June, has found its way back down to JIJO territory
- JIJO peeps are not interested in power supply or hotel buhaha, just sentiments and timing
- No macd crossover yet, but u can bet once they smell sub N1 , its first come - first serve
- bid and offer still playing musical chairs
- late comers are not sure wether to cut losses or average down
- JiJO masters are waiting
- Transcorp behaves like Oando IMO, lots of sentiment at play.
- must watch if u want to play in dat game #caution

#JustObserving

Disclosure:
Don't have any at d moment

Diamond bank
- still oversold in d bearish zone
- The pull towards N1.00 is losing steam
- Bargain hunters have been busy
- will it find support above N1.00 junction
- similar behaviour wt Fidelity
- RSI peeps will be happy with the strong oversold posture

#justObserving

Fidelity bank
-doji posture (possible reversal)
-Support is forming
-Lower downside risk
-Deep in d bearish zone wt oversold posture
-bids ranging from 0.96 - 1.01


IMO:
Plenty patience needed here , if ur looking for a sudden reversal.
The sell off don calm small

#JustObserving

Brent $49.93 /bbl

#+ve

kentoto:
It had better find the support oh.. I no get cash to follow am further.

After support we should enter accumulation .
Is there a mini bull anytime soon.?

K

no catalyst in sight yet
at least Tbill stop rates lower dan prev
but eyes on d strongly oversold plays

Union Bank set a new 52-week low
SP N3.95