₦airaland Forum

TeamUCAP the bears are not leaving us out of the contagion
Sp broken N2.40 support , next support N2.35
Offers > bids
Q2 likely to be announced ard 20th (next week wed)
na siddon look i de

Mfunkynation:
pls any hope for dem to bounce back immediately

no one knows what will happen in d short term
however up till now, we are yet to see the 2015fye , 2016q1 and soon the 2016q2
therefore hope is not the strategy to employ , Hope is never a strategy

cut losses , average down , stay in cash blah blah . . just preserve capital. Other opportunities will come bro

Mfunkynation:
diamond n fcmb........ y una do me like dis now...

d Skye bank contagion & CBN also didnt act on time. A lot of prudential guidelines were broken months ago ! smh
dis Emefiele shud just go !

UBA jumps to full offer . .
any break below N4.00 is a MOP up

debeey87:
OOOOOOOOOOOOOOOAAAAAAAAAAAAAANNNNNNNNNNNNNNNDDDDDDDDDDDOOOOOOOOOOOOOOO

calm

bearish start as expected !

SKYEBANK -9.20%
FCMB -8.45%
DIAMONDBNK -4.98%
OANDO -4.97%
HONYFLOUR -4.93%

Tier 2 banks will be under d fire first

Opportunities will surely develop

kentoto:
Its earnings months, the few good result should lift the affected stocks at least and again i think investors that dump skye and etc, will quickly want to position in the remaining stocks with better prospects.

yes its earnings season. most q2 results don't come till August. Flourmill & Ucap shud release in July. Afriprud early August, others later in August
its a long time, much patience needed

tough July
sceptical Q2 results loading wt one eye on inflation / GDP /Brent
those in d mkt shud sit tight
those in cash shud also sit tight
a likely bearish week (& month) loading

cadno:
Wonders shall never end...how can u list the whole NSE stocks ..

shud be called NSE 19 Index

The chaps shouting Sell in May missed the call badly, I think sell in July would have been more appropriate
#rants

feelamong:
why is UCAP so stubborn?

why is it not crashing like the others??

TeamUCAP are very stubborn (me too), the technically bullish posture has long come to an end.
MACD is indicating a sell, been under the signal line a while now forming a negative divergence if u look at prev MACD highs.

However the holders may have taken a fundamental stance from a bargain posture perspective on d basis of a projected strong Q2. This expectation may have already been priced in therefore expecting a rally after announcement may be disappointing to new entrants at this current level. (Mr mkt will decide later)

To those gambling on a dividend play possibility, they can only wait till month end to find out. That's not my position for holding but I do hope they are right

Dis:
very heavy here but avg cost under N2 but gradually inching up

ufotty2001:
oooohhhh my God what is really going on! market have crashed.. my money in diamond bank and Fcmb!

hope u have a stop loss point . preserving capital is key
I think the capital adequacy risk is what is on the minds of bank investors before Q2
Market can over exaggerate fears and greed

binaflexia:
Why is everyone seriously dumping TRANSCORP.
Is there something wrong with the company?

called taking profit

locodemy:
#8.00 is the closing price of oando for the week..........more rally expected next week.

KM10 is close and i can say goodbye to the beloved stock.

few offers pouring in
9.7m bid
1.6 offer

some newbies will want to get in here , ur coming very late to d party
there will be many other parties. caution

Zenith also looking for support (ard N15+) after Double Top wt pull backs !

UBA desperately looking for support

Teechawa:
ANY INFO ON Flour,ill dividend?

patience ..maybe in another 2wks

Market opens
Oando up 10%

dis:
don't hav any

#NoteToSelf

''
few important principles by P Brandt

-Money management is job #1 for a trader.
-Keeping your pile of chips intact is the only thing that really matters at the end of the day. (Risk Management)
-If you think you know what a given market is going to do, you are only fooling yourself.
-Trading a market with expanded volatility but reduced liquidity is a demonstration of arrogant insanity.
-Being flat is a position.
-An obsession to always be in the market will lead to disaster – it is only a question of when.
-Being short volatility (short gamma) is akin to picking up pennies in front of a steam roller.
-Of what value is market analysis and trade selection once a trader has lost his or her trading capital. ''

End

Kagame:
Information filtering in - CBN is likely to intervene in a bank today. which bank could that be?

usual suspects
skye , keystone, heritage ?

Shud be a quiet day with low vols

Market starts

SKYEBANK -9.52%
AIICO -4.05%
TRANSEXPR -3.73%
TRANSCORP -0.56%

Oando +10%

DeRuggedProf:
http://leadership.ng/news/540421/hong-kong-oil-investment-company-plans-nigerias-2nd-largest-refinery

Good for the d industry space. The more serious players wt Alhaji in play will help the d downstream ss gap.

DeRuggedProf:
TODAY IS TODAY......

a very short week
Mon
Thrus
Fri

makashava:
good question!

Refinery biz is a thin margin biz. Add the Nigeria uncertainty and semi-deregulated/ govt patronage of doing things, best to stay away from it. Ordinary JV is a headache for IOC's.

On the other hand, Dangote has very very good govt patronage, tax breaks, unlimited capital and political influence on a massive level to sway policies and bills to ensure when he fills the gap. He will dominate it like cement.
Good for everyone for now

mrsage:
What companies do we consider from next week?

Is flour mills and Ucap still good for short term @ current price?

guess ur chasing a dividend play surge at a very very 'late' hr with limited upside.
ur jijo skills need to be on point.

Cyriacusifeco:
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.“ -Buffet's letter to shareholders 2000.

By continuing to speculate on companies with questionable characters and corporate governance, you are not only dancing in a room which the clock has no hands but also participating in the dance of spirits.

umm . . Nothing sedates rationality like large doses of effortless money '' #word

everyone is a winner in a bull mkt

[quote author=DeRuggedProf post=47136908][/quote]
i remember dis post

cadno:
Spot on, I was actually searching for this quote since yesterday....thankyou

absolutely spot on

735i:
I've missed the oando train

other trains will come.
protect capital

otokx:
There is quietness in the house.

and on d xchange floor too, volumes are 'quiet
holiday mode?

Godisfaithful:
http://www.nse.com.ng/Financial_NewsDocs/14130_OANDO_PLC_-_Q1_MARCH_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

N13 billion Loss pere !