₦airaland Forum

Fidelity

- N3.18 last calling lollx

mendes911:
This might do FULL BID today.

below that N11 is decent entry area, close to a support
but awon mkt commanders hv gathered there
and even moped their own early lolx

fxuser:
FBN
- pre mkt down -9.40%
- kilode !
- dis dividend matter na wa lolx

over 20m traded already
a very sweet spot

FBN
- pre mkt down -9.40%
- kilode !
- dis dividend matter na wa lolx

fxuser:
Afriprud
- weekly looks very very good
- but daily brings light concern with -ve rsi & macd divergence

Similar observation with dangFlour

Afriprud
- weekly looks very very good
- but daily brings light concern with -ve rsi & macd divergence

rationalmind:
You are not a fan of their volume behaviour

Fxuser 2017

loll
#opari

Agbalowomeri:
Go beg village people

lollxxxx OMG Agba

Int Brew
- some serx above avg volume dis yr
- N3.2 bln worth traded on friday
- N5.3 bln turnover Feb to dat
- N3.8 bln turnover in Jan
- the broker be smiling this yr


#JustObserving

fxuser:
lollx im a TA learner ohh

Let looks at it again for d sake of newbies

Fidelity (example)

If Avg holding cost above N4 , the position will be down about -20% (ooouch)

What shud such a person (or newbie) do ?

a - avg down ?
b - reduce position ?
c - cut losses ?
d - or do nothing ?

pluto09:
I am sure the head of TA in the house (fxuser) would not have bought fidelity at N4.33.
When the same stock was selling below N2 some months ago they didn't buy, they could only buy when it was already overhyped. Sure, the smart ones made cool money on it why some are only holding the can.

lollx im a TA learner ohh

DAng flour

- very tight day range

Zenith
- most of the trades at N32 in a tight day range

FBN
- busy mkt maker , N12.30 not bad

Transcorp
- buyers hv moved to mid-field

Ucap
- grad ff its brother ! another N5 stock ??

Fidelity
- firmly above N3 , u know it going to hit N4 in d short term , but where next after ??
umm

AfriPrud
- testing n5

Transcorp
- buyers parked above N2 support lollx
- sellers at 2.20 region
- issa showdown

FBN
- likely to break back above n13

NB
- pre mkt bids lining up at 137.90
- another gap up

#JustObserving

Agbalowomeri:
Is anyone thinking fidelity will pay more than 25kobo? Go look at the year they made 65kobo

yhuup i think so or more importantly i think more people expect them too which is good for FOMO . .

fxuser:
FBN

https://trwstockbrokers./2018/02/15/fbn-holdings-plc-regaining-its-mojo-upgrade-to-strong-buy/
umm this people can like to change mouth ! More to come
lolx

Their Summary :

Overall, we forecast 2018F EPS of N3.18 (+85% YoY) and DPS of N1.43. FBNH trades at a P/B of 0.7x compared to peer average of 1.4x with FY 17 P/B of 0.4x at a discount to peer average of 0.9x.

Furthermore, at current pricing, its 2017E dividend translates to dividend yield of 6.4%. Our FVE of N16.69 translates to a 32% upside from current pricing.

Consequently, we rate the stock a STRONG BUY, reflecting attractive valuation and a view that fundamentals will improve going forward

+++
end quote lolx

FBN

https://trwstockbrokers./2018/02/15/fbn-holdings-plc-regaining-its-mojo-upgrade-to-strong-buy/


umm this people can like to change mouth ! More to come

lolx

EuroBond

- book building for the Eurobond issuance kicked off today in the US and London, with total bid volumes reported to be greater than ca $11billion. - eurobond is to be issued in 2 tenors - 12 year and 20 year in equal volumes of $1.25 billion each, wt yield levels expected to be at ca 7.14% and ca 7.70%, respectively.

Dangflour

- testing and breaking above that N16 level .. very weak pull back compared to others !

akinssan:
fxuser, pls which time frame do you use to make decisions? thanks

All 3 sir (Monthly, weekly ,daily)

But If i had just 1 choice , will take the Weekly ff by d monthly.

Which do u use mostly ?

ihedioramma:
FMN ?

Buyers camped at N32 region VS Sellers camped at N33 region

#tight

FBN

- buyers pushing sellers to highest day range at N12.70
- is dat full bid loading ??

RabbiDoracle:
Olongbo to ku, to tu ta dide!

lol . . a ma bomb en gbeyin gbeyin lollxx

mendes911:
You misunderstood my post. They are two separate lines.

1. That N1B suspended on Oando stock could help boost the market (buyers waiting to buy Oando, hence this large chunk of money can't go to any other equity.

2. Seems like a lot of traders were trapped last time and seriously bailing.. (Am talking about general market mode. I had expected this rebound to immediately make 18% - 20% gain but seems like a lot of people are selling. Though it's early to call on this).

argggh very true sir ! we are not out of the woods indeed !

mendes911:
That N1B suspended on Oando stock could help boost the market. Seems like a lot of traders were trapped last time and seriously bailing..

- there are more buyers dan sellers daily
- in fact there are no sellers willing to accept 5.99 tech suspension fixed price
- call it manipulative , but no one is trapped unless they don't want 5.99 for the share
- interesting

mendes911:
Market markers will always adjust DangCem price at market close. LOL.

looking at the weekly, d support is ard N245 region !

DangCem

- price is in a quagmire and its distorting the index

- i prefer ff banking index for clarity

OBAGADAFFI:
I think they are also planning to tweak the platform.

watever allows liquidity and transparency is a positive ., some lower trnx fees in d future wud also help market development

OBAGADAFFI:
Notice to all NSE Dealing Members: Changes to the Equities Market Microstructure As part of our ongoing efforts to improve service delivery to our clients, The Nigerian Stock Exchange will be introducing changes to its Equities market microstructure that will improve trade execution and enhance market efficiency. The functionality enhancements will seek to reduce spreads and boost liquidity by enabling further market participation and increasing order matching opportunities through the trading day. In order to ensure that all dealing members are aware of the coming changes and have hands-on experience on these new functionalities, the NSE will be scheduling a training for all dealing members. The training will cover all the coming changes for the new Market Structure ?i.e. the changes which have been summarized above. The Training is scheduled to take place from 10.30am till 1pm daily between February 21, 2018 to March 13, 2018. All dealing members should please send their preferred slots to NSE Contact Center via contactcenter@nse.com.ng. For questions or queries please do not hesitate to contact any of the following recipients; productmanagement@nse.com.ng; marketcontrol@nse.com.ng; or marketservices@nse.com.ng. We thank you for your continued co-operation.

- umm NSE means business
- anyone going here ??