₦airaland Forum

BullBearMkt:
...Equally important!

Wisdom. It's alright sir.
Thanks.

zionaigbokhan:
Good Morning all, I'm wondering what to do with my Access bank? It's too sluggish.

You're not serious.
Donate it to charity nah.....at least they'll pray for you.

locodemy:
It's obvious fcmb will close at 1.95 and that will be 10% full bid.

Fidelity will close above 1.80 today and may go for full bid tomorrow.

Just focus and see things with your eyes.

FCMB closed 1.9
Fidelity: 1.80........some kobos to cover and overtake. Lol.

Zenith is really struggling at 16.60......
Could this be skepticism?

Updated: closed at 16.65....

FCMB: 1.90....

Fidelity: Bids building up.......some heavy crossings today again.

Just focusing more on the duo....and GTB, the sector leader. Don't mind me.
I want to prove Loco wrong.....that fidelity will overtake fcmb ...... lol.

Bargain hunters queued for Fidelity at sub 1.75......las las they will shift their goal posts to 1.80.....

UBA afraid to move......waiting for Access to lead the way first......

veecovee:
Abeg wetin dey pursue you

S007:
Meshpips own is VAP if I remember correctly.

I think both have their place and equally important

Okay. Thanks.

S007:
When you start seeing this format you know it's a bullish day.

Lol.
Market looking up.
People should trade with caution cos there might likely be lots of ups and downs around this time.
Mr. Market dealing with each stock as they bring it.........meaning, Mr. market responding to each stock according to their results. It's my opinion pls. Lol.

GTB arrived KM 22.
Zee lifting body small small.

Think this has to do with the expectation of interim dividend.

Fidelity: 31M bids vs. 4.8M offers
FCMB: did 1.81 already....

UBA, Fbnh, Access.....lifting body small small

BullBearMkt:
Billionaire fundamentalists uses the help of chartists on the day they want to enter and exit the market (using VWAP)

Meshpips' VWAP. Lol.
Does it means TA is more important boss?

OBAGADAFFI:
You are correct SHARE DILUTION will crash the price.

We see how far the crash can go, shebi Peter said below N10.........seems I'm interested in seeing how this will follow suit with previous share dilution/price crash.
In the meantime, let me carry my JB defense and step aside while watching and learning from the elders......

PETERiCHY:
Now watch how SHARE DILUTION will crash JULIUS BERGER to sub N10 before any MEANINGFUL CONSOLIDATION will take place..!

Peter did you factor in various other factors that played out in the crash of those stocks mentioned - guinness, wapco and CI leasing over the period of years in view (2017 to 2020)?

You can't just generalize like that. You need to consider the industry each belongs to and various other things.

JB is a toast of elites and deep pockets of Lagos Island......they have solid backing of men that matters in govt......etc.

Anyway, JB is on full bid...... I'm still watching....

locodemy:
Expect two or three banking stocks to go on full bid.
Just watch.......

Don't know why my mind still don't trust Mr. Market at this time........
Let's wait and see anyway......

Loco, I can see GTB responding +vely ........slowly....
Bids outweighs offers in most of the banking stocks.....
Wapco full bid.....
JBerger ......up with 1.50k.....17.20 now.....

locodemy:
Hope you saw 2m crossdeal at 11 and lots of them within that range?

There's 10M single bid at N10 self...

.....but still watching out for the market strengthening.....

Wapco ....

arduino:
If it continues this free fall to Thursday, I may likely move the Fund for trading Jaiz to JB.

Lol.
JB is solid, cant do free fall like Peter's Guinness. To me, getting it cheaper at 15 or thereabout is a plus.

locodemy:
It's a lie o.
We must finish this work.
Attach Loco in your posts.
I no go vex

This got me lmao

locodemy:
Just minus mcy and address to Rabbi for this.

My sister is so precious to me.

Lol.
@smitten99 visit US stock thread for easy/quick response.
The Thread OP is cashdimkpa or Oakpearl.

Coolcash1:
Technically, i knew it was heading south and touched support level @N14.90 (where yours truly picked some units) before bouncng back to close higher.

Again, i will advise to add some TA skills to your FA knowledge. It has really helped me a lot.

You're right but that technical aspect used to look like jargons to me.
I tried learning but it's just not sinking.
Why don't you alert the house about the support anyway?

Care4:

That's the problem of faceless platforms. na everybody be mate

And you blvd Loco...
Though you're right about faceless platforms, it's also the beauty of it if you ask me.
You can relate freely with even your boss unknowingly without fear of being fired or queried. Big ogas dey this thread o. Lol.

RabbiDoracle:
You are just noticing the change of colours abi?

Boss compliment sir.

akinssan:
Sista mcy.

Lol. Dont mind Loco.
He was right though. I don pay school fees tired for NSE and I don dey wise now.

ukay2:
I thought JB reduced the dividend payment after declaration?

Yes. From 2.75 to 2 .......and they still issued the bonus shares in addition.
Declaration of profit warning?

locodemy:
But they notified Nse and the investing public concerning the challenges they will encounter in the remaining session of the year.I remember that of Julius Berger too

When did JB issue warning? Wasn't aware of any.
The thing is, even if a coy issue a warning, does that automatically means they'll underperform?
I thought it's just a way to prepare shareholders mind for eventualities.....but people are always quick to run.
What if coy pretend, will they panic?

Krisuba:
Mehn . I bought at predivident at 26. My aim was growth oo. No fund to average down!!

I don't think it's advisable to sell at current price. JB disappointed her shareholders cos me that I dont have self, I don't expect it to be trading less than 30........but this is Mr. Market for you.
Some illiquid stocks, such as JB are good for long termers.

Krisuba:
Kai. Seriously bleeding. Will this ever stop or I should just sell at d loss??

JB wasnt expected to shed this much but like other good ones, it did.
Anyone entering JB bus is not expected to do so for short term.
My own advice:
Leave it. Don't sell. If you have extra fund buy more to average down your cost price.
Also keep abreast of news around it.

Zenith hit resistance at 16.20 again.....

Fidelity: Lots of transactions and crossings at 1.70.....

locodemy:
Fidelity as a bank has a stronger earning(top/bottom lines) than fcmb HOLDINGS.

Legacy pension acquired by fcmb last year has failed to boost fcmb earnings as expected.Fcmb acquiring Aiico pension this year is a good news which will allow fcmb price to rise on sentiments.Fcmb overtaking fidelity in earnings is another thing here..........

You just confirmed what I said too.
EOD. Let's see how the game plays out.
I agreed on the sentiment aspect of fcmb anyway.

Anyone looking for bargain should keep eye on JBerger......
Some investors can be so impatient.......
Maybe some people sighted result already or it's itchy fingers.....

locodemy:
I don't think fidelity will overtake fcmb in this financial year but the recent changes in the board(the new chairman) may have an impact on the share price.I am waiting for that heavy cross deals that use to follow to have a new guage.

Why did you say so?
Fide will overtake fcmb.
........also, going by the recent plan to buy over AIICO pension arm, if it scale through, it will impact on their bottom line.
.....but let's wait and see anyway.