₦airaland Forum

Northeastern:
Me and my household have settled for Fidelity and Flourmill, that is where the value is for us.

Flourmill: it is trading around 50% of its 52 weeks high, the effect of its deleveraging - using about 75% of it 40bn naira rights issue proceeds to retire part of its debt, and high cost to low cost debt swap - about 70bn naira, is expected to have material impact on the bottom line this year.

Fidelity: TTM EPS of 1.1 naira vs FCMB's 0.61 naira, the lowest P/E in the banking sector, fairly liquid.

Investment horizon is 15+ months

You say what?

locodemy:
If you are eyeing AIico,you should have gotten yours at 78/80kobo as others are doing right now.The outcome of the meeting tomorrow will decide the movement of the stock either up or down.if they okay the 1.20 right issue,mehn............it's going straight to 1.30 or 1.50.on the other side Aiico will package a decent result @q3 to gain investors for the right issue.

Aiico that is planning to raise a total of 25billion? I wonder what their outstanding shares would be at the end of the day. This one of tomorrow is just the first tranche to raise 5billion by creating 4.4billiin new shares and raising OS to over 10billion. By the time they are done raising 25billion naira their OS go done reach 30billion. You can then imagine what the share price would be.

swilo:
Seems there is a magnet attracting insurance stocks to 20k.

Is there any news of mergers or acquisitions yet within the insurance sector?

What is the outcome of MBenefit's right issue over/under/not subscribed?

Where will Aiico fall after the sorting T1 or T2?

Cc: OGG and Mcy56

They whole recapitalization thing has been suspended na. https://nairametrics.com/fg-follows-court-order-suspends-insurance-firms-recapitalisation/
I don't even know which direction Insurance sector is heading.
I have always seen the 20kobo rule as one designed to enable easy/aggressive takeovers. Pple will buy off some insurance companies soon. They are now so cheap.

Mcy56:
This poetic lines get as e be..... but I understood the re-enter aspect sha.
I will feel as an outsider in a relationship that is mutually exclusive o.
I sure would re-enter anyway, only that it didn't come to my bus-stop today.
Tomorrow is another day God willing. Thxs.

better re-enter sharply. I no dey play with that Prof classes.

DOLLARTEX:
just say it- who be the baba?

We keep our words If they repeat their q2 in q3 hmm things go happen oh, lol. But FCMB mm too much sha. Anywhere fidelity go, fcmb follow.

mendes911:
You really believe the storm is over?

Well, let it be as you wish for yourself.

I think q3 results are closeby prices will certainly move up, no matter how small. I don't like zenith that much cos its not a penny stock. I love penny stocks cos they can do 100% easily.

fxuser:
FCMB
- d mm is nt done at dis level

Those three brothers(diamond, fcmb and fidelity) need to part ways. Them no be mate again.

Zenith 22.40. Slow and steady. Bonanza gang will be looking at their bonanza price list right now and asking... Who did We offend?

Mcy56:
Lol. Na so..... but this period is somehow na, much indecision in the market.

No doubt. But make I gamble small for Oando with crude oil price and debt reduction, make I see where them fit take me to.

Mcy56:
How was it a bad jijo if you say it reaches your target sale price? I'm not understanding....

bad in the sense that it took over 2weeks. Jijo should be short term. The shorter the term, the better.

Yayira:
Oga the same way you bought and kept quiet go and sell that way..
if say e no move we for no know say you too trap inside this market for one month..

Anyway I like your style

I did not buy and keep quiet. I made it very clear here. The other day I wanted to jump out at 1.31 I also made it clear but could not do so as prices fell immediately.
Everyone has his own way of investing. Whenever I buy, I make it know here so that the house will criticize. It helps me gather as much info on the company.
When I started buying fidelity I said it here. I also told loco thereafter that I would add more of fidelity and then wait for uniondac at. 25 rather than enter aiico or prestige.
My sister, I always talk. If u no want hear, na for ur own pocket.
Meanwhile I am loading Oando.

locodemy:
I am with you in Transcorp.loosing now on a thin volume.i am watching the volume you will offload today at 1.33 which is your desired junction to offload.

My average purchase was below 1.11. I always jijo for 20%.

Zenith touches 22.
Transcorp reaches my target sale price, time to offload, but I must confess it was a bad jijo. Traped in here for over a month.

currentprice:
this one and prestige is for Loco

Village pple bad o. Of all the stock in nse... Make I close my mouth joor.

currentprice:
it another day to chop oyel money. oil likely to start falling today according to the chart, the inventories data released with increase output

I doubt if it will fall. Inventory data may just slow the pace of its rise. Rise in oil price has been fuelled by the US sanction on iran which takes effect from 4th Nov this year.

currentprice:
@ vecovee how far? fidelity is 15% up while WEMA continue struggling to shake body at same price since our last post on this

You no add aiico. Lol

Gtb at 37

talktokenny:
Transcorp on the move!

We are waiting for bonanza prices.

locodemy:
hmm fx.its just 1.75.
Too much comment on it sounds like MHing......

lol. You can't compare fidelity with aiico. Fidelity is one of the best so far in the market. Aiico has lots of question marks.
Sentiment is very important in nse. Fidelity get sentiment come carry baba result join. Fidelity fair value will surprise you.
Not Mhing not a buy recommendation.

locodemy:
$85.20.some stocks will be on bid tomorrow

This na serious mata. The bull must come out sooner than later.

Mcy56:
If oil should be going at this pace then bull self should be getting closer be that o.
We suppose benefit from this upward swing na, even if na for just two weeks.

Surely. Whether the bulls like it or not, it must react sooner than later, and when it does it would be great.
Disclaimer: Buyer beware, don't blame me if it fails to show. I no be herdsman wey dey move bulls cows.

84.23 Oil moving too fast.

Someone just round his missing twin. Congrats

Mcy56:
This place is dry o, is it that some people are practicing for Oct. 1st march-past or some are been interrogated by our detecthief deepsuk or some have traveled to the village for the holiday? Or......?
E be say na only me waka come this time of the day.......

Dr. took his students to the bar to teach them the other side of the curriculum.

Oil now 83.03. Journey to $100 well on course. Might just get there before the November sanctions starts fully.

Ugosample:
police detector

Common spelling u no fit spell. it is detecThief not detector.

DOLLARTEX:
agba don chop ban again?September to Remember.

wetin him do dis tym. Maybe na over beer bear talk. What of chibu? Its a while since I heard bear bear bear.

Agbalowomeri:
I no chop ban jare
I dey palm wine corner for village

But u need ban sha.

mendes911:
Nairametrics come put FirstAlum on full offer today. Maybe people are yet to digest that long post that MonkeyHunter made yesterday.

#OnMyHeels.....

I hope say my classmate no dey inside
Cc: Mcy56

DeRuggedProf:
Sooner than most people here will expect.
I gamble on NSE a lot, but this one is a classic case of a time bomb with a lost remote...

The remote fit dey boko hand. You kw say boko no dey joke with boom!!!

DeRuggedProf:


Access and Diamond will polarize it soon...

Very very soon. They (japaulians) are living on borrowed time. Japaul's birth certificate has expired already.

Blackethics:
Heard vetiva chief economist this morning saying investors are hoping that Fidelity bank may likely give bonus or interim dividend

They did extremely well but I doubt that they will give bonus(huge OS) or interim dividend

Yayira:
Japaul ? Una no dey hear word for this blog.. Skye never teach una enough lesson..
The spirit of gambling need to be seriously prayed against on this blog

My sister, gamble is good oh. But you gamble wisely.
A company that makes loss yearly in billions but has over 40billion in debt at huge interest yet operates in a highly competitive business environment that guarantees little revenue and profit.
Them go just dey use their profit to service debt.
If japaul was a bank, cbn would have polarised it since before skye. Infact it would have been in BankPHB, Spring bank set.