₦airaland Forum

fxuser:
FCMB
- rejected at 1.40 halting the bulls
- yesterday's price action looks like '' an abandoned baby ''
- SP closed at Monday's price level 1.28 , SP needs to break this b4 it turn to new resistance
- RSI & Macd still in bullish support
- those who bought the N1.00 support , shud be over 25% up

#justObserving

Godisfaithful:
Sir, they might be right or wrong but history always repeat itself. They projected last year (420 Naira to $1) and i heed to their advise with my own due diligence. They are projecting between 632-650 Naira to $1(6-12 months horizon). And the government is not helping the situation at the moment .


Note: This is just their opinion not a recommendation to buy $$$ and hold. Current average price base on their recommendation last year is 256 Naira to $1 and don't trust most of our Nigerian banks.

currentprice:
bro... the stock is not in oil or bank sector. the stock is not liquid but am ready to roll with it unless somethings change

fully loaded with plus 36% paper gain so far

the stock is among top gainers today

do your DD

currentprice:
aagreed bro,,,,, but there is still one unpopular stock missing on your list which is likely to be among the best performing stock this year. bonus and dividend very likely

do your DD

feelamong:
Please Brethren......is this a good time to take Margin Loan to mop up UBA and FBNH?

My brokers have just dangled that bait to me now..

holm:
Thanks for the compliment, My Oga,

My bad, the bolded is what i summarized in this hashtag ( #i-pity-fringe-players-in-all-sectors-of-our-economy ) I should have explained. Big players in individual sectors will devour all fringe players, please watch Access bank director say they have gotten more corporate accounts from fringe banks in 2016. Will MTN, Cocacola, Dangote babies keep account in the likes of Skye bank and be rewarded with maybe 50,000 cash back if the bank goes under; D ( I laugh in CAPSLOCK )

Market leaders such as Flourmill gained market share as alluded to by the CEO in 2016. Dangote Flour/Sugar is big players in the North. With BH decimated, and, Buhari/CBN/Osinbajo in the "President to the President & Governor to the Governor" pocket (Dangote). If they don't play, Dangote will just announce that the refinery will not be ready till after election in 2019 (as they say, the rest is history: D ).

My Oga, the list goes on and on. Total Petroleum will win in 2017, it will wipe out all fringe guys in due time( Ayo petroleum, Aruna petroleum and Uche petroleum). Our laws are great for entrenching monopoly.

To be clear, only FCMB, amongst the tier 2 names, is where i'll place my bet for the FY16 result.

http://www.cnbcafrica.com/video/?bctid=5215929981001

fxuser:
+++


Fav: '' The strong will get stronger in times of crises ''

#WOW

Coolcash1:
@holms, impressive narrative as always and you never disappoint me...

I quite agree that the boisterous risk-free rate on guilt egde securities is adequate for deposit money banks in not creating credit...Its suffient for any bank to just turn it into ATM because of the guaranteed huge return. Although the objective of CBN coming up with such policy was to woo foreign portfolio investors, to me has been defeated..Thus, there is need for Emefiele to sit back and retrace his steps by changing the policy to a favourable and growth-induced one that aligns and support various fiscal measures of the government.

You said only banks will be profitable to invest in this year, this is wrong. Not all of them are healthy for Investment because some are down and only drastic Strategic measure in form of M&A, share reconstruction, etc can revive them...Don't forget also that cetris paribus, cement manufacturing, oil and gas including agric would IMMENSELY be profitable... Thus, I see them as game changers too.

Again, i say nice post.

Godisfaithful:
I greet all my NSEMPAs' family. I hope everyone enjoy there Christmas and New Year holiday. Certainly, this year must remains favor to us and our household. Back to business, Concerning stock market, everyone (Including me) opinion is neither right nor wrong when emotions, fate, fear, and fortune are involved. My only simple advise is that let's thread carefully with all this companies especially the banks before making our BUY decision. The coast is not that clear when it comes to our(NIGERIA) economic policy. Remember, there's always a BULL market somewhere when your entry price is right so you don't have to be worry. "DON'T RUSH A BUY DECISION THAT MIGHT COST YOU...WE STILL HAVE A LONG WAY TO GO"

Once again, I'm wishing us all blessed and favorably 2017!!!

feelamong:
Oga go and post those jargons in the Politics section....

we are trying to seperate serious fight between bulls and beers here

bolabiyi:
Compliments..pls can someone help me wit d price of zenith...tanks

foandt:
Academy press resembles your moniker now

currentprice:
leave coolcash ,, man can not eat all alone. he already in TOTAL and MOBIL train

currentprice:
no be only deposit,,,,what of withdraw brother

9free:
My People, lately I have been unable to access SMN.
Seems that site is down.

kam045:
Ladies $ Gentlemen,
Morgan capital group e-mail addresses seems to be bouncing back. I have sent mail severally but keep bouncing back. I need to withdraw my cash resident in my stock broking account with Morgan.
Any information to the speedy resolution of this issue will be highly appreciated.

Coolcash1:
Are you tired of the roller coaster ride?

rebekah2011:
Sir, just be careful. some did this with skye and oando. They are currently on the mountains fasting and praying

angelo82:
You might take your words back concerning the VP because he seems to be the only one who cares and who forced the devaluation somehow because Buhari was not ready to neither float nor devalue and beside that he is the one in charge of the economy.

glogirl:
But I have a question ....
When foreign investors were pouring into the country in the last few years, the exchange rate was still pegged by CBN,no ?
I truly don't recall in the history of this country a floating exchange rate .
Why the sudden pressure from the foreign investors for Nigeria to float it's currency? Isn't this a legal form of blackmail because they know our reserves can never match our consumption?
Even if the currency is floated and it goes upto 1000, what guarantees do we have from them? Our currency went from 160 to 480 in one year and they still didnt come.
I bet you at 1000 they won't come too, if I were them I will wait for your reserve to deplete... it's getting there steadily.
I am not an economics scholar but we must solve our problems at the Fundamental level... refine crude, reduce imports, produce rice, in general drop our consumption of dollar. That is the only genuine and long lasting solution to our problem.

lancee:
http://abokifx.com/interview-nigeria-finish-eurobond-sale-end-q1-make-currency-flexible-vice-president-reuters/

angelo82:
They have no choice other than float the currency fully but Emefeile must go to restore confidence in our economy.

ExLaidback:
Apparently, FCMB's 3rd quarter loss is 'artificial'. Makes all the difference.

How is the loss Artificial? And how does it make the difference?



$$$

OBAGADAFFI:
Your link isn't working .

OBAGADAFFI:
EQUITY REPORT

Nigerian Equities Market Closes the Week Bearish… NSE ASI down 62bps
The Nigerian bourse closed the last trading day of the week bearish as the Industrial Goods Index dampened market performance significantly. The NSE ASI fell 62bps to settle at 25,333.39 points, whilst Investors lost N54.04 billion as market capitalization dipped to N8.70tn. The negative performance in the market was due to profit taking in FO (-8.99%), OKOMUOIL (-9.68%), DANGCEM (-0.93%), WAPCO (-3.17%) and JBERGER (-3.05%). Consequently, YtD loss fell to -11.55%, whilst Volume and Value appreciated by 48.41% and 88.00% to settle at N144.16 million and 2.14 billion respectively.

Industrial Goods Index Dampened Market Performance
Most sector Indices closed positive save for the Industrial Goods Index (-1.71%) which lost the most consequent on profit taking in DANGCEM (-1.51%) and WAPCO (-3.17%). The Banking Index (-0.71%) followed suit due to sell down pressure in STANBIC (-3.62%), ETI (-3.06%) and ZENITHBANK (-1.43%). On the flip side, the Oil & Gas (0.39%) and Insurance (0.11%) Indices gained as a result of bargain hunting in TOTAL (10.25%), MOBIL (5.00%) and CONTINSURE (1.01%), whilst the Consumer Goods Index (0.06%) gained on account of positive sentiments in PRESCO (0.50%), DANGSUGAR (3.16%) and VITAFOAM (4.80%).

Market Breadth Turns Negative
Investors’ sentiment remained positive as market breadth (A-D Ratio) settled at 0.8x (vs 1.2x previously) following price appreciation in 15 stocks against losses recorded in 20 stocks. TOTAL (10.25%), MOBIL (5.00%) and VITAFOAM (4.80%) were top gainers, while OKOMUOIL (-9.68%), FO (-8.99%) and OANDO (-5.00%) were top losers.

Profit taking in FO