₦airaland Forum

Mcy56:

I no breach anything, oga chibuking81 never sign my form, he's busy fighting for position of chairman in the ghost section.

He never sign ur form, yet you come be women leader? Classmte ur leg long oh. From today, I go start copy ur ansa again.

Mcy56:
Not much jare classmate, if to say I get mind enter at 62k when it got there, e for pay me much.
Btw, wetin Pastor go take that tashere tithe do when you, OGG, CP, Agba and all other oyel moguls are still there and never pay?

But bonanza gang are not happy with you. You breached the bonanza code of conduct that says buy only after elections.




#except you buy secretly like agba

Mcy56:
Lol. He sold on Friday already na. He mentioned it here.
I sold part on Friday, will sell remaining on Monday, God willing.

You booked profit friday and u did not do something?
Where is pastor veecovee sef. He better come and book his tithe before...

https://www.proshareng.com/news/STOCK%20&%20ANALYST%20UPDATES/FCMB-Group-Q3-2018-Results-Review--Stellar-YoY-Earnings-Growth-Driven-By-FX-Gains/43067
In Q3 2018, FCMB delivered triple digit (+154% y/y) PBT growth to N7.7bn. The marked earnings growth was mainly driven by a 183% y/y growth in non-interest income, on the back of fx revaluation gains of N9.0bn in Q3 2018 vs. N428m for the comparable quarter of 2017.


But for the 9billion fx revaluation gain PAT might have been only 3billion.

swilo:
Oga Mpeace.... long time. Dont tell me you bought DB..

I did not buy DB oh. Na fidelity I dey buy, and waiting for fcmb to fall further. That their result is clearly suspect.
I kw say u dey eye DB, wait small, my classmate go soon dump on u.

Agbalowomeri:
Go to club man

I kw say na you go first talk. The way u like oil ehhh.

This oil better return to 85$
60million Oando today. Ok na.

Mcy56:
Lol. I dey write wetin tisha talk na, that gut feelings na one of the analysis that biology tisha dey use.
I hear you anyway. Village people don fail IJN.

Amen. Village pple mata don end this year.

Mcy56:
I admit.
Bia, what did I know about TA or FA? Mine na Gut feeling analysis o.

Classmate, na de bolded make me stop to copy your answer. Before before, i been think say you dey write wetin teacher talk for class. I no kw say na guts.
Classmate, no let village pple do you something like them do my friend loco.

DeRuggedProf:
We never pump Diamond do?

Abeg, just one more pumping make my classmate chop 10%. She just dey enter the bus.

Mcy56:
Lol. Na risk I take jor, afterall my classmate talk say make we dey take calculated risk.
Diamond must give me my own santa gift too......baring any unfortunate news
28.4M bid against 8.3M offer now....

Check de bids well, e fit be village pple's bid.

DeRuggedProf:
Your village people must be the strongest in Africa.....

Those bids @ 77k should tell you something.....
Be mindful that this stock gapped up across a resistance ON THE FOURTH DAY!!!
I smell 'ABANDONED BOARD (BABY)'

Them strong no be small. Just at the dumping point, they called...

DeRuggedProf:
https://trwstockbrokers./2018/12/06/fcmb-receives-3mln-9mobile-debt/

These pple should read before posting.
First City Monument Bank (FCMB) said on Wednesday that it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors.

In November, Teleology completed a takeover of 9mobile, the country’s fourth biggest operator, ending a long bidding process for the debt-laden company that started a year ago. FCMB has around $4 billion exposure to 9mobile, the bank said. Which kind $4billion

mendes911:
Make you no dey lie joorrr. See your statement attached.

Three taaaazan naira portfolio. No be small something.

Is what am seeing on FCMB for real? 34million offer vs 39million bid. Abi na system malfunction

BullBearMkt:
...my dear, if you are referring to my posts above, then let me categorically tell you that I AM NOT SOMEONE THAT DANCE TO 1 OR 2 DAYS MKT REACTION. If ever I sing, my songs usually have melody and the lyrics are with TA vocals and I tell you - they are dance-able too. I tell you the way professionals view the market (which may be wrong a times).

When I talked about Diamond Bank, luckily over the weekend 2 members on this forum asked about my opinions on the stock & 1 of them who is currently active can testify to my candid advise that I gave before market opened on Monday.

I am sorry if my opinion is contrary to your expectations and I cannot help about it. Best of luck.

I also remember it was u who gave an indication on fidelity. That was when the stock was at 1.52. The rest is now history.
But I rejoice cos I followed you indication and got enough before it got to where it is today.

rebekah2011:
This is too small for the cash they need. This company is not serious.

I don't think so. Lafarge debt is seriously falling. This is a quote from them, sometime in May this year:
According to Balogun, its total debt dropped to about $600m from more than $1bn after using funds, including the proceeds of a N131bn ($361.7m) rights offer, to curb liabilities.

The company’s Chief Financial Officer, Bruno Bayet, said in April that the company planned to raise an additional N100bn when necessary.
This rights issue, if successful will place the company in a very good position.

The Irony of NSE, Diamond bank performs better, with news, than fcmb, with result. Work of sentiment.

yak:
so ontop all this Wahala, una still get time for comedy

Lol. This your comedy comment make me laf wella.

FCMB just dey there pple just dey watch.

This yok guys don hammer. They bought 7.5million Diamonds last friday alone. Chai.

Qatar just pulled out of opec. This pple no want make we enjoy oil money.

Yayira:
I can’t wait for Monday to call someone on this diamond bank least..
Trying not to jump into conclusions to avoid burning my fingers again..

Cash from UK subsidiary coming in
National license with 5% off
Dozie sounds very confident about their Eurobond
Hmmm something tells me this bank ain’t dying anytime soon.. infact if pascal and his son can inject some cash, bank will be right back on track sooner.
...plus most their debtors are into oil and gas, with the recent rise in oil paying part should be a problem..
Can’t wait for their q4

@Jejebaba you said the stock is undervalued pls what’s the fair price?

fxuser:
- u get d feeling a new level of perception management push from d bank wt CBN blessing
- friday price action in support

Friday's volume also was an indication of something positive. 121million shares sold.

yom2:
what's d difference between 15% and 10%? was that the reason they were making losses all this while? this is simply staging a drama to draw attention and remain relevant idiots.

That 5% could be a whole lot of cash. I no kw sha, let the pple wey kw educate us.

maishai:
There is something about this Eurobond debt that makes all Nigerian banks shiver except Gtbank....The worst part of most Nigerian bank debt is that they are all oil and gas based...Which Oil and gas companies did diamond bank borrow money o! after Japaul

If not for those eurobonds, virtually all nigerian banks including GTB would have found it difficult doing business. In 2007 gtb had $800million Gdr, and as at 2016 they had eurobond of about $500million outstanding.https://www.gtbank.com/investor-relations/investor-news/gtbank-redeems-500-000-000-eurobond Zenith bank also does the same from time to time.
Oil is the main stay of the economy. Oil business is highly dependent on promisory notes, future payments and loans. Oil debts are relatively easier to recover compared to others.
Nig. Govt has contributed greatly to the current huge oil sector bad loans by delays or failures to repay fuel subsidy obligations.

tritritri:
Even fidelity i guess 0.15k

Those two better improve.

DOLLARTEX:
we will not take this standing,if our FCMB is not included here,then I call for probe!you are welcome back boss!

FCMB with their usual 10kobo yearly dividend. Well, they have room to improve on their dividend payout.

Agbalowomeri:
Lol so fear fit catch u

Small dear na. I go use fear risk diamond bank on monday if it remains less than .66

When I opened morgan platform this noon, I notice fidelity at 1.81. I surprise oh. I also fear small. It good to know that it finally closed at 1.98. Cool gain for those that logged in on time.

Mcy56:
I hope you made such calculated risk too, seeing all stocks that performed well shedding price daily.
Those that sold might have their reasons for selling too.
Imagine someone with 5M unit of diemond @1.30, calculate his loss as of today. Now imagine same person having 3M of FCMB with all uncertainties surrounding the result, do you think such will not panic sell his holdings?
It's only large investors whose sole aim is to invest, not minding any outcome can wait to see what FCMB was cooking o.

Don't use diamond as example, use fidelity instead. Mist of us entered at average 1.6. Since then it has moved up to 2.08. Even with the shedding we are not in any loss. The most important thing is entry price. My stop loss on fidelity is 1.70, and that is not even a loss. [s]My transcorp is presently at my purchase price 1.11[/s]

Mcy56:
Such is life classmate. If it's the other way round dont you think it would have been bloody?
That is one aspect of "Uncertainty" being referred to in Prof's "trading wisdom book". It is well.
Truth is, only lucky few that didnt have it in their portfolio will actually make gain with the rise in price considering the height of the story building it was falling from before.

Business is all about risk. Calculated risk. Fcmb look good to go. Their NPL and other ratios balanced well. But the so called heavy seller made pple entertain so much fear.
Any way the bull in fcmb doesn't seem like one that would last for too long. They can reenter at 1.65- 1.7