₦airaland Forum

GonFreecss1:
Many always forget that a bull market happens because many people are not selling and more people are buying. The opposite for the bear market, many are selling and few are buying. This stuff is all about being emotionally balanced and having a plan.

So?

Mcy56:
Lol. NSE dissapointed people this year now.
Imagine good results with no effect on share prices. Its that bad.
Seems joining bonanza gang is the sure thing now.
Oga chibuking81, lets roll out forms o.

Disappointment? On top all that early year bonus? Well, I guess greed got the better part of most of us. I hope we have all learnt our lessons.

Funny enough, this scenario will most likely repeat itself next year and many will still stay back and watch their profit get eroded.

Agbalowomeri:
Abeg where the mosque dey located? I am very prayerful on Fridays

Are you her one and only Prof.? She's not tripping for you joorrr.

Agbalowomeri:
Any investor wey still buy Transcorpse based on oil exploration story is on a long thing

You will still buy when they garnish the food finish. LOL. Grave robber like you.

Jejebabaa:
U are even talking of 2 naira sir when Vetiva deceived a lot of people to even buy at 3 naira thinking it will go to the moon.

Why would anyone blame Vetiva? Vetiva is in this business to make money. Everyone on his/her own..... Why would one believe Transcorp was headed for the moon when Vetiva made those recommendations? We have to be realistic most times. There are stocks you can always predict their movement. Transcorp is one of them. After all euphoria, they always head back to around it's current position. Transcorp will still take off again. I believe they have packaged their proposed oil exploration as the next catalyst and after a couple of months, will still return to it's rightful position.

arduino:
And I entered at N1.30 thinking I have successfully robbed a Gold filled Grave.
NSE na bad somebody

LOL. It is well. Some people entered at N2.00! In every situation, be happy for it could have be worse.

rebekah2011:
I pray that some people will not be lost in this boat.

The good part is that there's still room for people to bail out! It's not that horrible, YET.

Mcy56:
You're right.
Morgan's restriction has its own advantage sometimes too..... for those of us with itchy fingers.

FCMB 14M bids, zero offer so far.

Which restrictions? You can still bid during pre-market.

yom2:
which one is the group? which one is the bank? which one is listed? which one are we trading everyday? make them no use grammer dabaru everybody o

We are trading the HoldCom which is the group. The bank and other subsidiaries makes up the group, FCMB Group.

Parisfran:
It's unaudited

FCMB stated on their website that the group's result will be unaudited but the bank will be audited. Unless this was changed later. Let me go and peep at the result self.

Mpeace:
But CP, on strength of this result alone, fidelity is still cheaper than fcmb. Eps for fidelity is .62 fcmb. 57. They are both cheaper than any other bank on NSE.
Congrats FCMB, nice result.

CP is looking at FY. FCMB bank is audited and impairment provision made up to Q3. Fidelity might disclose their own impairment by FY (unless Fidelity's Q3 is also audited).

arduino:
How that wicked man push me enter Jaiz and AIICO is still a mystery

Which man sir?

DeRuggedProf:
I am keenly watching this one now.....
My speculative antenna is receiving mixed signals now.

Pls this is just a neutral comment....

You are not alone but you can't afford to jump in blindly or on hope. That will be a suicidal move.

rebekah2011:
They have already recouped their investments in the bank. They are also sure that no one will prosecute them. I think it was time CBN allowed some banks to go down. It will reshape the sense of everyone.

Don't be so sure that they have recouped their investment in the bank and have nothing more to gain, else they wouldn't be fighting tooth and nail to hold on to control. Most times, people recoup only to turn around and reinvest.

I don't think they will entirely want the bank to go down. I doubt! That's Paschal's legacy.

talktokenny:
please what's wapco trading symbol on morgan platform ?

WAPCO but it's under PREMIUM.

Mcy56:
My sincere sympathy goes to all those losing money in Diamond bank.
When it seems respite is coming its way and the bids exceeds offer, one wicked person just came and cleared all the bids.
This is not fair on retail investors at all.

If it gets near 50k, Uzoma will be forced out. Just watch what will happen. Dozie's family can't take everybody for a ride. They will have to bow at a point.

Let me keep quiet. I can't report what I just saw!

Agbalowomeri:
Mpeace ya oyel is coming home for you
Coming home for Christmas Lol

I was wondering why he didn't report on oyel when he reported on DOW.

Yayira:
na diamond bank matter go kill you.. while you put all your attention and giving updates just to look for trouble, you’ll miss better opportunity..
Please don’t use it to distract me.. I’m up for something large..

DBN matter never kill you wey dey inside, na me e go kill ni?

I wasn't trying to distract you and I promise not to talk about DBN if it's a distraction to you. I know you are on top your game. Well done...

Opportunities never get finished. It's a cycle. Whenever you wake up, that's your morning!

BTW, if we all stop talking about DBN, a newbie might come on board and jump in. Wouldn't that be a disservice to the newbie?

Mcy56:
Diamond is 73k 76k now. 2.4M bid against 14M offer.

If it gets to 30k, maybe I might get a seat (with funds I can afford to loose though, so that I can beat my chest one day and say that I once bought DBN at 30k). I might also change my mind and use the funds for a betnaija game. I might have more guarantee playing betnaija than having hopes on DBN.

kolaish:
for me, WAPCO has no fair price for now because of their debt burden, only Sentimental, Emotional and Solidarity Price

cc: currentprice

What about Diamond's fair price?

#RunsAway!

OBAGADAFFI:
It will be the one of most undervalued stock on the NSE.

Most undervalued stock in terms of their present loss position or the huge debt they have??

You could say that the stock is a highly speculative stock in the sense that it's usually FPI's toast and they will rush such stock whenever they return to the market. Other than that and going by what they presently face, it's a NO NO. Going into WAPCO is a gamble and we better know that before diving in.

Am also very much interested in this stock and have been following the movement daily for a while now.

swilo:
What can turn around the predicament of Diamond Bank from bad to good?

Even CBN governor may not be able to answer this question.

tritritri:
Fear no go allow me buy yet..i go suspend mine to december.. I'm not yariya wey get mind.

I understand sir. Am only picking some of the ones that have gone far lower than they were in October while am on queue (eg. Access) on some.

tritritri:
Am waiting for you oga sir. abi u dan suspend ur november buyin?

You no see where I carry bag yesterday go Lagos? Kadan Kadan, na that level I dey now.

Diamond Bank - Digging deeper and searching for oil in Sambisa Forest!

swilo:
Like Pluto09 will say, who are their competitors? Are they the market leaders? Do they have a monopoly of the market? Have you entered UD outlet lately to see for your self?

Can someone help with these cos I have never been to UD before.

Pluto or Wanaj0?

PETERiCHY:
Considering developments in the company and strategies to drive expansion and growth, we foresee a higher earnings power at the end of 2018 that would drive the price and offer dividend to shareholders in the coming years.
The stock is currently selling at 42 kobo, indicating a huge intrinsic value for discerning investors, especially considering that the Book Value is currently N1.26 per share, while Price/Book Value of 0.38. This means that investors are paying less for the company’s intrinsic value.

With the progress recorded in recent years and the first quarter 2018 earnings report, there is an indication that the company would beat its earnings forecast for 2018. This is based on the fact that government at federal and state levels are eager to concentrate efforts on improving the nation’s health care system.
The current Book Value at N1.26 per share and profit margin of 22.42% signify that the stock is undervalued, just as its Net Profit Margin of 22%, indicates that from every Naira generated from sales, 22 kobo is retained as profit.

https://investdata.com.ng/2018/06/union-diagnostic-set-dividend-payment-accumulated-losses-decline/

If the above report is TRUE
then their shareholders should be ready to kill cow and cook new soup come July 2019.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

OhOk. Summary - Sir Peter is in Union Diagnostics. I pity the traders here with you.

Agbalowomeri:
Next time no follow woman
Let women follow u

He should rather learn from you. You have been following women since 1968 and you never followed them enter any stock.

arduino:
Me too don dey collect small woundjurement from AIICO.... Wetin drag me enter insurance bus again, i can't tell. But I dey suspect one of my uncles from village

You go follow follow woman (Mcy56), come land for AIICO. Kpele.

Mpeace:
I think say he dey bonanza gang, which portfolio he come dey watch again.

For starters, AIICO....

GonFreecss1:
But it's what I have always told people. If you were happy buying something at 1 naira, you should be happier x 2 to buy more at 50 kobo. If you are scared to buy, then it means you are not confident in the valuation you did to buy at 1 naira, it also means you have no confidence in that company again or it's ability to do better than now. My recommendation for anyone in this situation is to sell, because your holding it is only dependent on hope, and this is something I have learnt the hard way, hope is not a strategy. Guessing that something will be better is not a strategy.

I feel many here do guesswork and don't screen this companies enough. Why do people get MBA's? CFA's? Higher degrees? Why do people learn communication skills? Interview skills? Why do companies screen people to get the best ones to pick? Why don't people behave like that when picking this assets in return? Companies see their people as assets, and go to lengths to screen them, you should do the same too when you want to pick them as assets. Give them your own exams to write, your own interviews. Satisfy yourself and get that intrinsic value. If I wanted my company to be the best, would I allow all my workers to be given to me with just recommendations? Wouldn't the wise thing to do be to test them with things similar to the actual job?

I want to say more... I honestly do, but I will leave it at this for now.

Anybody can fall mugu in this our market. Leave all these turenchi. It takes a second only for all those valuations to turn sour!.

The question here is knowing when to count your losses and run.