₦airaland Forum

'' Let the market inform one's opinion and avoid imposing one's opinion upon the market. Being open minded is a "MUST" quality for a trader. '' -‏
@PeterLBrandt

angelo82:
Next week could be bullish.

index cud break 26,000
its been higher highs & higher lows

Agbalowomeri:
Instead of the post to be titled; PROFIT WARNING

Wale and his gang wrote; LATE FILING OF RESULTS

And added the main story down down knowing Nigerians no dey read

External communications guy should be given an Oscar

Manonamission:
http://nse.com.ng/Financial_NewsDocs/13137_OANDO_PLC_-_LATE_FILING_ACCOUNTS_CORPORATE_ACTIONS_APRIL_2016.pdf


"NOTIFICATION ON THE RELEASE OF OANDO PLC’s 2015 AUDITED FINANCIAL
STATEMENTS
The Management of Oando PLC would like to advise our valued shareholders, key stakeholders,
and wider investor community that from available indications we are unlikely to complete our
2015 audit and issue our audited accounts on 31 March, 2016, as required by The NSE Rules
(the Rules).
We have worked diligently with our external auditor, Ernst & Young (“EY”) to ensure a swift
conclusion to the audit process. However, after reviewing the financials, EY indicated that the
Accounts may likely need to be referred to the Financial Reporting Council of Nigeria (“FRC”)
pursuant to Rule 5 of the recently publicised FRC Rules. We expect the process to be concluded
on or before 31 May, 2016, however this is dependent on the completion of the external review
process as referred to above.
The company’s management would also like to bring to the attention of its shareholders and
the investor community that the accounts of the company at FYE 2015 will be in line with its Q3
2015 performance. The expected decline is attributable to the industry’s downturn, prevalent
economic headwinds, as well as fiscal and monetary restrictions driven by a challenging
macro environment.
While we are actively restructuring the business to adapt to this difficult period, we are optimistic
and steadfast in our commitment to return to profitability in 2016.
For further information, please contact:
Ainojie ‘Alex’ Irune
Head Corporate Communications
T: +234(1)4484500 Ext 6270
E: airune@oandoplc.com
Yours sincerely,
For: Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary"

The Spin Doctors .
You got to love how Oando tells you black is looking like white
caveat emptor

safepaulooo:
Please can someone remind me the closure date for Zenith?

3 days ago

On Full offer
Transcorp
Skyebank
GTbank

iyb:
do you think it will go under 10

No . .

BUY Radar
Zenith
Any price under N11
Under N10 even better

zenith inverted hammer
possible reversal

donmarshia:
Truth is, you can't predict the market. Before, we have had seasons when immediately after ex div (Mark down), prices recovered same day. So capital was preserved why dividend was earned.

I feel an increase in short termers in the market is affecting us. If we still had huge impact from Foreign investments, which most times are long termers, they would not be thinking of playing short term. A typical huge fund manager buys in, earns a div yield of 11-12% which is cool, waits close to one year to review if the investment should be disposed of, expecting that at least capital should be preserved within the period. So in essence you have more buyers before dividend mark down date and less sellers immediately after.

We just need to understand the times and play.

Sure . the economy desperately needs a more flexible exchange mechanism

leo1234:
I am no longer moved by those bull traps.
The funny thing is that even if FCMB declare 20% dividend @ current price the share price will still go down.
NSE is no longer interesting

absolutely

22 Bad Trading Habits
What is one of your bad trading habits that causes you to lose money?


1)Underestimating the possibility of volatility expansion at times and taking too big a position size.
2)Overly optimistic that the market will trend well… only to reverse.
3)Averaging in on losing positions.
4)Not studying more.
5)Not following the trend and trying to predict the top or bottom.
6)Following other’s trades.
7)Deviating from positive expectancy models.
“Fighting” back instead of taking the loss/killing a bad trade (bad trade = against the plan)…
9)Trading too large for my account size.
10)Overtrading.
11)Starting the day “looking” for something to trade like a trading addict.
12)Wishful thinking for big profits.
13)Taking trades that aren’t “my” trades.
14)Focusing on returns instead of risk-adjusted returns.
15)Closing trades too soon.
16)Not being consistent in daily activity but being inconsistent is not something I do consistently.
17)Going all in.
18)Probably tweaking my strategy too much during drawdowns.
19)Moving my stop up too quickly.
20)Not being patient.
21)Feeling like I have to do something.
22)All of the above.

culled: http://www.newtraderu.com/2016/03/29/20-bad-trading-habits/

Disclosure: Thot to share , I'm guilty of many here.

Manonamission:
Notin o ji e. Same thing wrong with UBA, Afriprud, GT and what will befall UCAP after markdown. Investors often sell off after qualifying for dividends.

Market trend can reverse anytime though.

best to sell before closure for short term players ! IMO (cash in 10 - 20% after fees)
else its a liquidity trap cause of d rush for the exit pre closure date & post closure.
your patience will be tested with capital tied up pending supposed div payments
we keep learning

avoid taking losses personal.

#tough

ufotty2001:
thanks... be like say people no like dividend again ooooohhhh

poor economy outlook outweighs any dividend yield or any good fundamentals.

UCAP on full offer
no bids !
interesting

UBA closure date is tomorrow

me3000:
what of diamond bank too loaded on that stock over 5m

diamond will join fcmb, skye below N1
consistent lower lows

''Overcoming the emotional pulls of fear, greed and false hope requires constant vigilance and self-awareness.''
- @PeterLBrandt

ufotty2001:
Guys do u think that FCMB will declare a loss 2015 @ YEFS.. if not, have FCMB give profit warning!!..

strong possibility or very low PAT
2016Q1 seems more like a loss

[quote author=spinoff post=44102777][/quote]very true . .
a recent example is NB
Closure was 03 March, SP marked down & closed N98.2
Traded sideways after and a bullish momentum kicked in on d 17th, SP crossed N100 and kept d momentum till yesterday closing at N117.7 way above pre-closure date.


disclosure: have no NB shares. just observing

Agbalowomeri:
So you think FBNH cannot report a loss?

No Loss
PAT Btw N60 - N70 billion as someone said earlier
that's very poor for FBN
Impairments more like N40bn upwards
Seems all priced in already but Mr market has d last say

fxuser:
expected .. beers would be happy

bears ! oops

holm:
http://www.nse.com.ng/Financial_NewsDocs/12838_SKYE_BANK_PLC_PROFIT_WARNING_CORPORATE_ACTIONS_MARCH_2016.pdf

expected .. beers would be happy

Raider76:
Practically today since it is the last day to buy.

that's true ! too many public holidays

Krisuba:
Updated on ucapism please

6m bid (1.95 - 1.98)
10m offer (> 2.00

profit taking ongoing , new comers loading

interesting

ufotty2001:
with your two eyes open you will see ucap @ full offer today..

never say never
its indeed happening . . na wa
economic uncertainties ti take over, cbn not helping matters only adding to situation
u can sense zero confidence in d economy in the short term to medium term
preservation of capital is utmost priority
u get that feeling that govt is out of their depth
if you can't stomach volatility , stay in cash
na real wa

megainvest:
SEPLAT result is out.

EPS down by 76%

Final dividend: US$0.04 per share

Oando full year wont be pretty

Diamond bank sets new 52 week low

iyb:
Kai stockmarket bad the ucap that everyone was trying to get now look at it full offer

like someone said . . one day at a time . .

feelamong:
Ok.....the Men in Black finally have decided to sell down on UCap today...

Omo see Offers everywhere

N2.09 . . umm 16.75% div yield

ORAGBON:
Good morning dear friends, I need your help as always.
I have unclaimed dividend with Cardinal Stone Registrars, income from NAHCO PLC I bought last year.
I called them(Cardinal Stone) after filling the e-dividend mandate form and getting all the necessary things done with my bank, but was asked to get a banker's confirmation along with it. I did all that and took it myself to their office at Yaba.
I was told my account will be credited in three weeks after due confirmation. I later received the dividend warrants via Cardinal Stone dispatch two weeks after I visited them. i lodged the cheque into my bank account only to discover it's a stale cheque. I called them up, but was asked to write a letter instructing them to credit my account(which they should have done instead of sending a cheque).
I have done that and sent to them but was told on phone when i called to confirm receipt,that it going to take them another six week before my account will be credited, because they have to do another confirmation.
Does it take this long for dividend to be credited to one's account? I need your candid advice

sadly yes !
Some registrars are more efficient than others.