₦airaland Forum

Mpeace:
Notore is not doing bad today despite being on full off

Can same be said of the company when Dangote Fertiliser comes on stream?

Tolktob:
As of last trade, Oando PLC (OANDO:LAG) traded at 6.20, 51.22% above the 52 week low of 4.10 set on Jan 08, 2019.

As at now it's trading at 6.30. That's a 53.6% increase.

Benz101:
. Thanks a lot for the clarification and enlightenment. I am still a learner here. Highly appreciated.

Mpeace:
We are both learners.

We are all learners.

My gut feeling is that we are going to have a bull in the post presidential election period. If Atiku wins, bull would be a massive one compared to that which may occur if Buhari wins. Prices might be seen at levels were they were during the last general bull period. Selah.

Is this a pointer to what to expect after election fears are allayed and elections are over? Noting that both countries in red for 2019 returns are having elections in the first half of the year.

Some few days ago it was Zenith, FBN and Access with the volume. Yesterday, it was UBA. Today, it is GTB. Is FUGAZ trying to tell us something?

PharmAlfred:
Nobody wants to talk today abi?

How is the market playing out?

Full bid loading on the F banks

Chibuking81:
FCMB is seriously going down

Na price manipulation things. If you know, you know. Watch out closing bell

lafencer:
It is a shakeout I think. Few bids, plenty offers. Opposite of what happened on Friday.

FCMB shakeout of laive!

Mcy56:
Indecision and mixed reaction this early trading hours......
[s]the bull doesnt seems to be done but it market reaction could go either way[/s].

It is a shakeout I think. Few bids, plenty offers. Opposite of what happened on Friday.

onegentleguy:
The concern of Morgans operational bank A/C as raised by @ Yayira has just been addressed.
The MD/CEO has just informed me that there are plans in place to open up an alternative bank A/C for those who might not be comfortable with Polaris(formerly Skye bank).
...that [b]A/C shall be ZENITH BANK .
According to him, the process to have that in place is already in motion and should be finalized in a space of a few weeks or even less !![/b]

On the concern of the N2500 yearly charge as raised by Sir Freeman67, I shall also put out a call to try and get the needed feedback from them and revert back to the house.
Had to quickly get busy on other matters.

Regards.

Morgan Capital had a Zenith Bank account before na. What happened to it?

wanaj0:
Nice one. However, there are many factors at play so difficult to distinguish the main contributing factors.

For example, the 2015 issue has more to do with the shock in the economy than election fever itself. A situation were oil price crashed and the reserve was falling at an alarming rate. Even if there is no election, the outcome I believe would have been the same.

In 2018, I doubt that election again is the main issue. I think it has more to do with what is going on external to Nigeria. Most emerging markets are either devaluing their currency or watching the markets take a beating. RSA is in recession! Even Asia companies are not left out. Most emerging market funds have lost like 10% in the last 6 months.

The political risks associated with election is understood and most times exaggerated.

Perhaps the foreign guys are waiting on the sidelines for this, since oil price is not that stable. Global trade tensions plus Brexit dey there sef.

BullBearMkt:
...I did some studies about market reactions in the election year sometimes, it will be great to look into it again. Who knows, similar thing could happen

Your feedback on this will be highly appreciated. I will also need specific studies in days/weeks for pre and post election period to enable me plan my trade and trade my plan. Thanks.

maishai:
After the general elections, the next thing on the financial community mind is the next CBN governor....House abeg o.....Update us on the rumor,,,, If na Wigwe go succeed emefiele make i PUt my kife savings for access merger

Since it is been rotated, it could be a northern person. My mind goes to Sarah Alade or the female ED from Diamond who replaced her. That's another angle.

BullBearMkt:
Will NSE Index behave like Diamond Stock?
After forcing many shareholders to sell their holdings in panic, Diamond stock rallied from a low at 0.66 to a high at 2.39 within a space of 2 weeks. This happened after Diamond broke a long time support located at 1.08. As that was not enough, it later created a lower low signalling that all may not be well with the stock. But all of a sudden, gbam! we saw a rejection candle, a higher - high and and and over 200% increase.

Just looking at the NSE index, I noticed it just broke a long term support; fell a bit and for the past 7 trading days, it's been bull upon bull. Now, I am wondering, could this be Diamond in the making? If yes, then I need the index to create a "high" or break exiting swing high at around 32000 and then we could have Diamond bank behaviour in the making . If I didn't see these features, then, I want to stay aside...

PLAN YOUR TRADES AND TRADE YOUR PLANS

Should we still look forward to this kind of behavior next week?

currentprice:
i think i will ring BELL today, this weekend just too much for me. money day flow from nse. ££ don full ground for oyel on the other side.

chaiiii!!!!

Closing time. Let's say the grace and fellowship.

jideflash:
hmm caverton...

baba wey like to dey trade not-too popular stocks to get uncommon profits

Agbalowomeri:
Na wetin I dey bank on on the long run be that

And if it does not go that way, na japaa things oh

swilo:
FCMB... hope we can sail through and remain above #2.00 mark.

Where is FXuser??

Seen on full bid some few minutes ago @ 2.15

Agbalowomeri:
Lol small bull una don dey shine teeth
Election bear still dey come o

Na here we dey na. Perhaps recent buyers feel post-election prices might be beyond reach, hence the current bull

Michael11stock:
What I believe is at this junction access and diamond will keep moving together. What really crashed the price of Access was fear by their shareholders, but now they believe all is well. Though this is subject to both shareholders to approve the merger during their meeting. Which we all know it is 80% approved already.

If their industry leaders move upwards, what do you expect?

Mcy56:
Chai! The bull dey vex today o. I pray this continue to next week too.

T-bills yields are crashing. Make of it what you will.

swilo:
FCMB... hope we can sail through and remain above #2.00 mark.

Where is FXuser??

sighted at 2.06 few minutes ago

rebekah2011:
Not to be caught in the euphoria of a big bank ni. Access Bank will have a lot to battle with come 2019/2020. Maybe CBN will come to their aid for short term loan

looking forward to their merged results FYE 2019 to 2021. CBN could help sha since na dem be the midwife.

rebekah2011:
The combination of Diamond and Access Bank is going to throw up a lot of surprises going forward. The NPLs of Access Bank at Q3 is around 4.7% and that of Diamond is around 40%. I wonder what it will be by Q4. By Q3 2019 both banks would have been consolidated and they expect the Npls to come down to around 14.1%. Access Bank may likely not pay dividend in 2019 because of high Npls. Anyway we have been told that the Access guys are great managers who can always turn around a bad business. I await to see their results going forward.

https://www.proshareng.com/news/Stock---Analyst-Updates/Key-Takeaways-from-Access-Bank-Diamond-B/43683

what type of surprises? kindly share please

lancee:
20 something days to election ..Are pple taking position or waiting for First week in Feb ..market maybe on a sideline cruise feb or bearish cruise

we wait and see ..watching

pls not a recommendation

Bought some last week/this week

Aim and obj is all to make money

the volume in FUGAZ and other tier 2 banks is something of note

currentprice:
it painful when some guru keep[b] over analyse [/b]some stock thereby confusing newbie to buy stock earlier at a better price.

some stock already given sure gain even before buying the stock - access especially @ 5.3 is a grave rubber price

the bolded results in analysis paralysis

Seems UCAP and AFRIPRUD might deliver above average results, noting their recent rise in price.

mendes911:
If DangCem mistakenly reflect that N170 as closing price, we might be looking at below 29k today. Thank God that hasn't happened.

Now 170.2

fxuser:
they just need a fresh mobile app to take it to d next retail level , they maintain top 10 in total trnx but total value controlled by the whales:
Stanbic and rencap

they also need to change company bank accounts from POLARIS

fxuser:
Access bank CP closes today
Tenor 91 days
Discount rate 12.5% (dis part )
Yield 12.90%


FMDQ can't complain dis yr and going forward. Dem mkt cap is keeps growing , index is now a small boi .
CBN's CP buying programme is d new medium steak , equities is not on d main course sef . lolx

Let me chk Eurobond yields sef !

With regards to the part in bold, DangCem, Stanbic, Lafarge. Now Access. How can one get a taste of the pie? What are the implications for the stock market?