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

bigass:
With so much drama in the LBC. ........

fxuser:

MRS down -9.73%

cadno:

But this is not showing on either FT or marketwatch Ng...why is it not

Manonamission:


I don't think buying MRS is a good idea. The stock wasn't punished due to it's illiquidity. So it is quite expensive compared to other oil and gas stocks. I don't own this stock and have no plans to buy. It is on full offer because the holders have had their capital preserved and now want to take advantage of the rally in the sector. They can't eat their cake and have it jare.

fulfillment2020:
Bros is eterna oil on bid or offer? That stock too yeye.

Manonamission:


If it is good for the oil coys, then it is good for the banks.

MRS is actually on full offer. Yeye stock

ufotty2001:
all oil companies upstream and down stream on full bid... even palm oil and groundoil toooooo dey on full bid...

mercylicious:


Transcorp formed a doji on Thursday as seen by the tech indicators.

When u are considering the traded volumes, also consider the untraded vols.
That stock was on full bid for the most trading time on Friday.
Fingers crossed. We will watch and see how things unfold. Am not a fan of transcorp though but want to profit from the volatility. Transcorp have many oil wells already acquired. Why are the curbing out such results with all the assets already in their possession?

yrmybank:
Wema Bank plc yesterday sought shareholders approval to enter into discussions, negotiations, and or agreement with any bank, financial or non-financial institution locally or internationally for the purpose of acquisition, merger, and equity investment in such bank or institution or undertake any business combination beneficial to the bank.

The bank also sought the approval of its shareholders to raise additional capital of such amount as shall be appropriate for the business of the bank either locally or internationally through the issuance of tenured bonds, irredeemable preference shares, notes, equity or debts (or a combination of both) loans in any currency, whether or not convertible to shares, or any other methods in one or more tranches and at such interest rates, pricing and terms to be determined by the directors as they deem appropriate.

http://businessdayonline.com/2016/05/wema-bank-positions-for-acquisition-merger-equity-investment/


What will be the effect of this on wema bank's shares. Should we expect it to hit 50kobo?

megainvest:
Follow uncle Tony!

Aks:
Can somebody help me with the current price of FO? I Can't view NSE data where i am @ d mo

phemmie06:
What on earth is delaying the result of conoil and oando, even companies that have regulators have filed in their result for Q1. Shame on them

mercylicious:
Guess what? Today is my bday.

angelo82:


Recoup your losses from other stocks while waiting for Oando to break even.............Oil price will surely rise as soon as a new American president is elected............

Godisfaithful:




http://marketwatch.ng/Stock/Market.aspx#tab_10




Note: Some of the prices takes some time to update

lancee:
ANGOLA, HIT BY COLLAPSE OF OIL PRICES , SEEKS IMF AID

Angola has just sold its soul to the devil. After giving you these funds, the IMF would force you through its terms to devalue your currency, thereby instantly doubling what you would have to repay to them. Instant slavery!

The above is what most Nigerians are unknowingly clamouring for by shouting that Buhari has no policy direction. Foreign investors are running away because Buhari has no 'policy direction,' when in the real sense, the 'policy direction' which the exploiters are citing as their basis to run away is nothing but devaluation of the Naira. The only policy direction they want is an outright devaluation so they can rush in and rake in mega profits irrespective of the detriments to Nigerians in form of inflation. The bait is simple, 'if you devalue and allow us access to your forex reserves at will, we will invest in your country and bring in more forex to help your country.' But it is all scam, this same excuse has been used since the 80's when N1=$2, but the benefits of devaluations never worked in Nigeria. But today, Nigerians are about to play into the hands of these hawks again by accusing the CBN of not devaluing.



This comment is from a nairalander

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

Manonamission:


According to the last communication from the bank and following the profit warning, result should be out latest by Thursday.

ufotty2001:
guys if I see diamond bank @ 1.15k tomorrow I will load... I pray it end up with full offer today.. forget abt the profit warning .. do ur dd

Intendy:
hammer don visit diamond bank and mansard

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