₦airaland Forum

Born2berich:
Am surprised that the prophet has decided to keep mute unlike b4 that you will see him giving hope..this xmas is going to be a blue Christmas for some people that were forming Rambo when the warning bells were rung.

angelo82:
FBNH will never do such share reconstruction but I don't trust UBA much because they seems to always give peanuts to shareholders....Dont panic on FBNH but UBA am not sure and as regard UBA you should buy as much as you can if their price eventually reach 2.5naira......I don't have any idea about Skye Bank....Anything Ecobank should be a no no to any investors......Any investment in Ecobank is a useless investment.......

FranklinRich:
What if your aim is to enter the crashing plane to help guide it's crash landing

FranklinRich:
Oga 9free, I feel you men...me sef had NEM for a while but dumped it a couple of months ago when I started to question the company's corporate governance.

your stock picks are spot on especially in regards to the banks. I think they are the cheapest in the market presently in regards to valuation. Uba's forward PE ratio is getting close to 2.5 times earnings. With this decline, we might see it below 2 soonest.

FranklinRich:
It seems like we are gradually approaching the all share index low of 2009. . The stock market as a leading technical indicator seems to be telling us how challenging the economy is going to be in 2015.

Born2berich:
I guess that year might soon repeat itself

Yem0350:
If FBNH shld pay #1 as dividend next year, it means it is 12.83 % div yield. The question is, will they b able to pay it.
One nid to invest in div paying stock with @ least 12% div yield, now dat d market is not friendly.

chukyjones:
men and brethren, with the way the market is sinking, is there any hope left? oga myjoy08

janykute:
Market is doing well as you can see.We do not need your prophesy please we have had enough of it.

myjoy08:
Oga Sir, well as for me, am buying presently but in tranches as usual. When is a question of risk? How is matter of making it happened. So before or after is a matter of self-assessment and judgement that is not backed up by facts (sometimes). My advise is don't play a smart move by timing the market, it will come like a shock and caught so many people unaware!

myjoy08:
Pass me not by gentle Savior...this kind of opportunity only comes in decades!

FranklinRich:
Maybe oga Nkpokiti from SMN is accumulating

FranklinRich:
“If you don’t know who you are, the stock market is an expensive place to find out.”

Born2berich:
Results can't save the market now.

chukyjones:
MEHHNNN, Cash is KING now oo.

he that has cash currently has the power cos he will ultimately cherry-pick in due season..

Chibuking81:
Oil sales at $63 per barrel against it former price of $80 per barrel , and will soon fall to $45 per barrel, with lower demand of purchase from the global community. He that buy dollar at #150 per a dollar and sales at #180 or #200, can little be compare with him that sell his stock now , and buy the bigger amount of unit latter. Remember we are still in the bearish season four, heading to the grand papa of bearish season five. I will be glad to pick enough unit of Nestle, Seplat, 7up, Okomu oil, Oando, FBN, UBA, TRANSCORP, CUTIX, DANGOTE SUGAR and ASHAKA CEMENT, come next year at good junction, that's why if you are interested to join me, keep your money cash, do not leave your huge amount of money in stocks, before the drop in oil price, fear of general election and austerity measure will reduce the money to nothing. Cash is king for those that should wait for the proper time, come next year.

Elai147:
@angelo, share buyback is as beneficial to the company itself as it is to the shareholders. Companies may use market downturn as an opportunity to buy back some of thier shares which will create an incentive for investors to have more confidence in them. Whether the buyback is for manipulative reasons or not, at least, making such announcement shows the company believes the stock is cheap. How does buyback affect the principle of FBN shares? Maybe they are waiting for it to get to 50 kobo before they buy as suggested by @carpenter. But I think Nigerian companies are scared of buying back their shares, even if the stocks get to 0.50

@All, those that are moping up banking stocks for long term should consider imminent share reconstruction in this sector. Some share reconstructions can be very beneficial (e.g. Stanbic) while some can be detrimental to investment portfolio (e.g ETI). This is not to scare anyone but to create awareness / reminder.

Note: I will be buying one or more banking stocks.

Chibuking81:
what of, if you will be the one to testify about what I have said, when that time come. it is only the insiders, those at the helm of their company affairs that knows about their company, most of the stock you think that are fundamental are not, many things we see in this country are only on paper and fake, not the truth fact of the company record. Main while, I still maintains that, the best time to buy is next year february and march.

feelamong:
GOOD!! N3 WILL BE A GOOD PRICE TO JUMP IN..

primed:
If we're going to think in that line, In 2008, it crashed from 42naira. Between then and the time it slightly stabilized, it had lost some 75% in value.
The 2014 downtrend started at about 15naira, it's has lost about 40% of it's value so far; so technically, we still have about another 35% depreciation to go.

#5Naira in view

Bwave:
pls where do you get the bid and offer info

mpi210:
44m on offer vs 16m on bid....

The people fighting to keep it at N9 go tire

sellydion:
The least in the last 10 year is between N7- N8 . I notice that traders are vigorously defending N9 level.

Let us see how market unfold today.

omosuji:
The house is quiet. Na wa for bear o.