₦airaland Forum

Zenith has sent approval to CBN for payment of interim dividend. E remain UBA

Pls what is the reason behind Cutix rally?

DeRuggedProf:
It is always wise to first lie flat on the ground, when you hear a gunshot...
If you just start running, you may be running into the arms of the Gunman...
Brokers hate indecision on the part of investors, they always want some investors to be running while the other group is chasing, then they whisper to the running group to halt, then turn around and tell the chasing group that the runners are after them.....
The cycle continues like two lizards running round a palm tree, you cant tell which is chasing which..

lol. You and your parables.

I'm naturally not impulsive. So, right now I'm kinda the third lizard watching the other two run round the palm tree...

pluto09:
Fidelity stands out as the bank to be least affected.
There is a high possibility of a reduction in profit of some of the tie 1 banks most especially zenith.
It might be time to reduce exposure to banking stocks as i see the policy hurting some of them.
Banks will rather allow CBN to have their capital than giving out unnecessary loan.

This is the analysis I got from my broker:

The central bank of Nigeria released a circular yesterday, mandating banks to maintain a minimum of 60% loan to deposit ratio (LDR) by September 30, 2019, subject to quarterly review. Also, to directly focus the funds to specific sectors, the apex bank attached a weight of 150% to loans disbursed to SMEs, Retail, Mortgage and Consumer Lending in computing the LDR. Further expressing its resolve to ensure compliance to the minimum LDR by the specified date, the apex bank shall impose a levy of additional Cash Reserve Requirement (CRR) equal to 50% of the lending shortfall of the target LDR. The revised LDR is above the previous maximum regulatory ratio of 80%. Going by Q1 2019 unaudited numbers of our coverage banks, only Access (66.3%), FCMB (73.9%) and Fidelity (95%) are above the new minimum requirement. However, GTB, Zenith, Stanbic, UBA, FBNH and Union are currently below revised minimum requirement.

On impact, our assessment suggests that additional N1.1 trillion in loans will have to be created by the 6 banks to meet up with the revised guideline. Individually, GTB, Zenith, Stanbic, UBA, FBNH and Union will have to extend N105 billion, N350 billion, N30 billion, N120 billion, N436 billion and N25 billion respectively. However, if the current loan book of our coverage banks is adjusted for the new weight of 150% attached to loans disbursed to SMEs, Retail, Mortgage and Consumer, we note that the ratios across our coverage banks could improve on average by 3%.

While the new policy signals a move towards the banks focus on core operations, we believe this will support interest income on loans over the medium term. However, given the current state of the economy, we expect the drive to meet up with the deadline to result in a jump in Non-performing loans for the 6 banks below the minimum requirement in the short term. Conclusively, given the quantum of the additional credit to be created, we believe the apex bank will extend the timeline until December 31, 2019.

Source: Company Financials, ARM Research

bojbest:
Bro Morgan capital site is not secured. Are you using them?

No. I use ARM

bojbest:
Bro please. How do I get started trading NSE. Can it be traded online? If yes, please which broker can I use. Also How do I read charts of what investors are doing( Mt4 or What.)
Please

If you are ready to loose some cash without committing suicide in the hope that you will gain in the future, you can try Morgan Capital for less fees or ARM Securities for variety of portfolios. Both have online platform where you can trade. Contact them and they will tell you the requirements. Good luck...

pluto09:
I can't see the offer and bid sizes on meristem and cardinalstone .
Anyone experiencing same?

I think the problem is coming from NSE's API cos it's the same with ARM

https://nairametrics.com/2019/06/17/nse-has-placed-these-34-companies-on-red-alert/

Companies on red alert for delaying their Q1 2019 financial result. Prices are about tank further.

maliyu777:
I have a question. I bought capoil some months ago at 0.21. It reduced to 0.20 and since then, there hasn't been any change in the stock price. What does this signify?

It means the stock is not attractive to buyers

RabbiDoracle:


He is now seeing that it is costlier to hold the stock.

It is o. but we go dey alright.

stcool:
Continue buying and you will smile at last...
Or you sell now and have peace of mind...
The choice is yours!

Mcy56:
Can't stop laughing at Mgmt reshuffle. Chai!
Continue to follow that oga at owner's risk, he already gave you two options anyway, choose wisely.
I no wan put mouth for this chams matter, I no get strength to fight.

I no dey following am o. I do JIJO with a certain percentage of my funds on volatile stocks within three weeks max. I was trying to see if I should hold on a bit.

DOLLARTEX:
eya,I belief chams has done like 4 trips between 0.33-0.36.the best bet is for you to take the first hit,and sell at 0.36,then set your trap at 0.33 then when it gets to 0.36 you sell the rabbit.wait again at the usual junction buy and ofload.follow it like that till it gets to 0.20 kobo buy moreeeeee!the maga that started the show in the first place must come back!cheeeeeerrrrrs

I will still hold on a bit. The loss(if it happens) has already been factored in my risk profile. Thanks bro.

stcool:
How much is your average cost per unit?
Depends on what price you entered...my exit is until above N1.00 and could hold longer depending on what I see.
So far I think the current management are on the right track!

I bought at 0.37. Ever since I entered it has been hovering between 0.32 and 0.36. Was there a reshuffle of their management?

stcool:
The way I am buying CHAMS...

Afraid dey catch me o!

Any info because I'm thinking of dumping mine? I entered with JIJO strategy in mind but the stock no gree give me value for three weeks now.

735i:
How you take bid?

Something wey go begin trade by 1.30pm

Meant placing a bid with my broker before the trading started on NSE. He ended up not getting me any...

millennium2012:
I got a very sketchy info on them.

Site has been only 173 days old online and
due to expires on 2019-11-24.

No info on physical address or contact info.

Only two images on fb page without any friends.

I seriously doubt if they're really serious.

Better still there are countless big brokers in US or Europe that has platform for
global stocks, foreign and crypto currencies e.g Tradeview, Etoro etc. just google it.

Finally, run away from any brokerage firm without any good review from recognized forum online.

my 2 cent though.

Bros is using style to advertise his startup and you dey write epistle. He should go and get licence first

I have already bidded for MTN with my small mite. Let's see how it goes...inserts prayer emoticon

Like play like play Zenith stock is gradually swallowing my Japaul loot! The stock that is supposed to act as shock absorber is the shock now. SMH

stcool:
Confirm one chance bus....CHAMS spirit dey rub-off. People still rushing CHAMS, selling this stock below N1.20 means your village people have an upper hand, cos you will buy higher.

Their q1 financial looks bettter than Chams?

wanaj0:
Maybe a plan to pump and dump

This days those are what I look out for. I wish I can get in right now. No risk no reward...

What is going on with Courtvielle? 54M bids and nobody is selling?

gamaliel9:
We missed you Sir... thank God you came on board. What do you think of Japaul? What is cooking there? Do i jaaaaaaa?

When it's still waxing strong?

What is paining me is that my stock broker was feeding me with the wrong data and I bought CHAMS using the data only for me to see a different price in my portfolio. I just don't understand it.

Mcy56:
Their financials looks good to me too..... dont know why it's still trading at range.
You may queue up between 43-46, think that price range is safer and good, baring any unforeseen circumstance.
Purely talking SA here.

Thanks. You have been helpful.

I'll like to queue up for Jaiz bank this morning. So far their latest financials look good to me. Is their any hidden shock I am not seeing? Will appreciate some help guys...

veecovee:
Some dead would soon be buried.

Don't perch on them!

Else ..

las las they become fertilizer

DOLLARTEX:
game of thrones!the season 8 is out oo!

Yeah. I have seen the two episodes already. No dulling o

Michael11stock:
Hope some people no go dey buy dead stock hoping to rise

What is dead will never die again...

DOLLARTEX:
eyaaa school fees paid!this might be the time,the momentum this time is strong!90 million traded today with 34million left on full bid.is just that the company is not helping the moneybag,japaul would have gone far!you see chams,they first released 3k with improvement in result just to calm world people before they start there pumping.in japauls case no positive news,people are eager to dump.watch your back anyways.

I will be on alert. Already seeing 4% profit. Will sell at 20-30% profit.

DOLLARTEX:
I fear nsempa ooo,you mention one stock here,the next moment people from the other side go even first you queue up,easy oooo!

I know you are referring to Japaul. My brother that stock finished me. I first bought their IPO in 2007 at around 3Naira. Now my stock is non existence. I have been looking for an opportunity to make that money back from them. It looks like that opportunity is now...

Just queued up Japaul. Hope I'm not about to gamble too much on that one?