₦airaland Forum

The only stock on full bid so far is loco's japaul

Mm never wake from sleep.

Dwizeone:
Hehehe ... E be like say you too busy too

Them go soon leave them inside trap.

Yayira:
Wow what a busy Index this morning.. I like that.. whether it closes on red or green I like the activities. Meanwhile Diamond is on full bid !

Transcorp too

Chibuking81:
Maybe they want to introduce pump and dump bull ,
But I doubt, am still seeing more southern pole

Bros, which market are you watching

dipoolowoo:
Sell-Off Across African Markets as Foreign Investors Cut Exposure
https://www.businesspost.ng/2018/05/27/sell-off-across-african-markets-as-foreign-investors-cut-exposure/


Fidelity Bank Plans Acquisition of Other Banks for Tier-1 Status
https://www.businesspost.ng/2018/05/25/fidelity-bank-plans-acquisition-of-other-banks-for-tier-1-status/

This might just be true because there is no other justification for the selloff.

swilo:
With the new market trend, I observe diamond bank faithfuls are no longer complaining...

Even coys with far better fundamentals have been hit worse than DiamondB.

lol We are nit complaining because diamond is now longest term for us.

Mcy56:
You fit comot eyes for market? Okay. Observing.....

Lol. No dey expose my man na. He is fully in the market. I know what he is doing. Denial is whay they call it in psychology, one very effective way of dealing with loss.

locodemy:
I am now out of stock trading.I will not buy any more.Just watching the three i have in portfolio.Transcorp,zenith and upl.I am selling all once zenith trades around 30 again.upl 2.30 and Transcorp 1.70.I just pray for these prices to resurface again.I will be totally out.Bears will take lead for a very long time.

PAYING MORE ATTENTION IN MY BUSINESS IS MY PRIORITY NOW.

locodemy:
who go wake you when I dey for your back.
Mpeace ,the average man can help wake us when the bear is done.

Ok Sir. go and sleep.

Chibuking81:
Even if it reverses today, that means, they want to set another trap to cash another set of people, truly is not me and Loco they see, till election period.

So because of election, all stocks must crash. Bros. This one done become reverse monkey hunting.

locodemy:
Mpeace well done o.

L. No be me oh. That bank has alot of foreign loans to pay in the nearest future. Its a time bomb while time is yet to come. It will soon be like oando and diamond.

Trust fcmb mm. They might end in bull today.

Trust fcmb mm. They might end in bull today.

Chibuking81:
Just to make common sense.

Oil price recovery from 27 dollars, to 45 dollars, to 65 dollars, now at 78 dollars per a barrel, it is a good news to the Nigeria economy.

But good and bad news to foreign investors.
Good news, as they have pump the stock price to above 100% with announcement of Nigeria coming out from recession, they will sell now and convert the money to dollars, to invest elsewhere, or to come back later.

Bad news; If they fail to sell now, they will be at losing side, because very soon, with rising of crude oil price, more dollars will troop inside the country from sales of crude, the price of dollars both in primary and secondly market will reduce drastically. Dollar will not be scarce again. Naira will be strengthen.

For instance, if dollar to naira is 1 dollar to 380 naira, if the price reduces to 1 dollar to 190 naira, that means the value of dollar for that foreign investors who wishes to sell his stake in Nigeria equity market to convert it to dollars has reduces by half.

One should not be surprise these days to see more offer building up, even when one assumed that price has bottomed out.

Foreign investors are cashing out, they are smart, but we need to also follow them with smartness by preserving our cash, because very soon, the price of naira will appreciate greatly. Economy will be stabilize again and then they will come in again. Stock market this days is just like game, it make one paper billionaire today, tomorrow it will still step him/ her back to millionaire, if not more lower than before.
Dividend and bonus use to be onions for ones investment, but today mode of trading has turn stock market more of gambling field.

I don't agree with the parts in bold. If the naira strengthens against the dollar, ie if the dollars weakens, it would be of greater advantage to the foriegn investor as it means more dollars profit and value for their investments in the country.
Example: if they have a unit of seplat at 720, that is $2 when converted at an exchange rate of 360 to a dollar.
Assuming the dollar weakens against the naira and 1dollar becomes 180naira, it then means that they have made more money by investing in the naira since that seplat at 720 which was $2 now becomes $4 at the new exchange rate.

https://www.nairaland.com/4522781/president-buhari-receive-2018-budget
This one should help.

kolaish:
Where is Ibeto listed please

If ibeto comes back, other cement companies would feel the heat. Ibeto was the preferred choice for block moulders and builders until Buhari came into power and shut the company, in a move perceived by many to have been done to favour dangote.

DeRuggedProf:
Some useless stocks that never benefited from the bulls are now joining the race with the bears...

Maybe they want to join the next bull.

If 2018 budget is signed by Mr. President and nothing happens, then be sure that its bye bye to bulls till next year.

Zenith 27.40, fcmb 2.28. See gobe.

currentprice:
i have never buy or look at transcorp before,

let forget about expecting Q2 result for now.. based on Q1 numbers performance relative to their CP, if i have to chose btw DF and transcorp.

i will pick transcorp

Q2 will send the real signal. Q1 2018 pat already surpassed q2 of 2017.

Mcy56:
After the darkest night comes the dawn of a new day.

Na so them don dey talk since, yet money still dey burn.

Mcy56:
Fidelity on full offer, Diamond on full offer, Transcorp on full offer.
Will FCMB go on full offer as well? Let's wait for Mr. Time.

There is fire on the mountain. Run run run run.

fxuser:
CBN MPC outcome
- maintains status quo
- MPR 14%, CRR 22.5%, LR 30%

Thise pple sef.

IchimokuPilot:
MSCI buys today, sells tomorrow at a loss, then buys again....
Na wao....

You have noticed what we have been saying since. Their brokers are making money sha.

samguru:
very little talk because the outcome will not be different from the former outcomes

So its on. I expect some changes this time around.

Very little talk on MPC. Was it shifted or is it on?

tiar:
Many people on this board lack patience. Of course this is good business for the brokers who will happily take your trades every day if you wish.

Let me kindy remind all of you that Diamond Bank (dishonest mgt) has more gross earnings than Stanbic that is a Holding Company... Diamond was already close to its bottom point before the shock result came out. It frankly does not have a lot more room on the downside hence, the surprise upturn. Lastly stock prices are all about the near term future and not the past. Wapco is trading at N40 with a loss... Diamond had a loss in FY 2011 and was trading around N7 then. Go figure.

Cheers

Chai, where were u all this while I have been taking the heat alone. Pls tell them, there is something in the diamond. Diamond and Access are supposed to be in tue same category.

yom2:
pls when is oando forensic report due? what's d status of ikejahotels, have they turned a new life?

Pls oh ni shout. That report don enter cupboard. Unless tinubu miss behaves, the report may never be released.

Chibuking81:
Are you in their bus?

My brother is. Bro loco.

I almost entered fcmb at 2.52 last friday but they refused to sell to me. See their life now, they might be heading to fidelity.

Who is japaul mm. The guy is just...