₦airaland Forum

valacious:
Heavyweights are too heavy to jumb ...to think that they plenty here humbles my two kobos...

When they, jump the stock either goes full bid or full offer.

onegentleguy:
Not exactly my Oga.
For while any bank(s) can voluntarily decide to tour that early path, they are not compelled to take full impairment at the quarterly stage.
However, they must do so at the end of each financial year.
I think the rule is simple;
- At the quarterly stage, full disclosures are voluntary and at the discretion of the banks. …however the CBN would still do some needed check to ascertain the level of impairment from disclosures made, where necessary.
- At year end, full disclosures are compulsory.

But pls don’t take my word for it. Take instead the words from the CBNs recent guideline on financial reporting standards for banks.
…because this is Nigeria. …where policy flip ups seem to be the order of the day. Particularly with this current administration.
Just 2 days ago, I heard that some banking heavyweights and their cronies at the helm of power are already secretly calling for a scrap or at the very least a delay in the implementation of the new guideline.
Bottomline: This is still Nigeria. But I sincerely hope that the CBN will do well to stick to their guns.

Btw, I already gave my honest take on the likely expectations and impact that adopting the new IFRS 9 guideline would have on the banks.

Thanks a lot for this clarification.

valentinenwoko:
Correct me ,2018 stocks: Transcorp, CILEASING, Wema
bank ,Custodian, Oando

For transcorp and oando, the year holds lots of promise.
According to nairametrics, oando's PAT for 2017 rose by 405%. Bulls Bulls Bulls all the way this monday.

locodemy:
If you dont have any of GUZ,your list is incomplete or may not yield good fruits.

Na hu Guz hep. My guy if u want make money for nse just sgine ur eye thats all. Before guz move 10% we don do 100%.
This month alone I have made over 60% of my floating cash from Eterna, transcorp and oando. Their
fundamentals might seem bad but na returns I need.
My regrets are not making anything from skye and japaul which have no fundamentals at all

Chibuking81:
Please is it 113 kobo?

Yes its N1.13. They are back in business. Let the bulls return. 396% Increse in PAT.

swilo:
Bros,

The day may start with full bid sef.

#OANDO MAGIC

That person that dropped over 100million units on us to end our bull early this week will not see the way back in.

FBNH result not as good as last years.

If you are not in oando you are wrong. Just negodu result. Monday bulls loading. 247% Rise in PAT. My guys we making money here. Like I said, only selective bull can occur this year, and its for companies with excellent result like this.

swilo:
Diamond Bank...

I have so looked at this ticker and the charts, now the ticker is looking at me .

Best place to be at the moment.

Eterna oil PAT also fell.

IFRS, who knows its requirements as it relates to banks. A source said it places a duty on banks to take the full year's impairment in q1. How true is that.

gloriousdawn:
My fair value for FCMB is N2.6.
This is subject to the decision of Mr. Market.

The manipulators better raise it to 3. That is my target exit.

Jejebaba:
Ten Orijin for u. (PAT CI =2,551,268,000/19,802,710,754 gives 13k)

Far better result than last year.

DOLLARTEX:
Chai,you don mean it,lol

The magic wand is now with agba. But he knows not how to use it.

DOLLARTEX:
I remember those days,far far back,cp will just talk to a stock and it will start this movement!cp wetin happen? wetin you touch?make friend with mr time?

They collected the magic wand from him and gave him a bell. He is now our official bell ringer. Lol
Cp #jokes #nostonesintended

PETERiCHY:
STOCK TRADING doesnt work that way. the 12% profit you made from NSE within 2wks is equivalent to NTB interest rate for 364days tenor that's a whooping (52wks)

So first and foremost give yourself a TREAT and take TIME to STRATAGISE else you are bound to lose that profit and part of your capital because the MARKET is UNFORGIVING.

For NOW alot of HUNGRY BEARS has laid ambush. the next sweet spot my crystal ball is showing for TRANSCORP is buying @circaN1:45 and selling @circa #1:60.

NSE is a DANGEROUS terrain if you CAN'T take the HEAT better stay off the KITCHEN.

*ThE OcToPuS*

My brother the type of bear I see on NSE fear me oh. I doubt if it is not connected with the recent political events and impeachment news.

onegentleguy:
Just got an info that the new Director-General of SEC Mrs Mary Uduak and his NSE counterpart Mr Oscar Onyema are currently collaborating with other Capital market regulatory bodies and operators to adopt the use Electronic Initial Public Offerings (E-IPOs).

Maybe the expected upcoming $5.2 billion IPO from MTN within the 3rd to 4th quarter of this year will come in that format. ...only time will tell.

Yet another unconfirmed Info is that the forensic audit report of OANDO will soon be made public. ...from what I hear, the content therein wouldn't change much from the original statuesque.
NOTE: While this post is real, it should never be interpreted to mean any kind of investment advise.

What else do you expect. Oando is highly protected and a safe place to invest until APC leaves.

Thinkbigga:
I sold my diamond yesterday at 2.00, no loss no gain. I have a feeling the price will drop further, after release of results, then I can reenter

Nice one. We are the managers of our various portfolios and the basic rule is SAFETY FIRST. For me, My average purchase price is 1.55 I will only sell if it goes below 1.7. else I wait till q2 result. I have learnt from fbnh to be a patient investor.

Agbalowomeri:
That is almost in a year's time? I haven't seen that in any chart. Anyway, when people talk this way it confirms the bull in lurking around the corner

I pray so. But as soon as results are out I will just leave the market (save for fbnh) for good until March next year.
I expect individual bulls from Oando, Diamond, transcorp and FBNH. Fcmb with the usual manipulations might follow diamond. I will buy fbnh for long term but as for the rest, i sell in july. Buying transcorp today.

Something tells me there would be no other bull like the one of January, until after elections. All we will have is individual bulls based on results of each company as they are released.

PETERiCHY:
Without SELF DISCIPLINE one won't be able to make a DIME from the market.

Based on my CRYSTAL BALL Transcorp REAL SUPPORT is N1.45k

Though their MM are only trying to pegged it @ N1:60k..

All said and done the CHIOCE is YOURS.

*ThE OcToPuS*

NSE is highly manipulated. The support is what the manipulators(mm) say it is. Me think they will not let it go lower than 1.65

Thinkbigga:
Diamond approaching full bid. What is happening?

Cc: Mpeace, onegentleguy, Loco

Just wait for their result. With the recent update on sale of their UK subsidiary, you can also expect q2 2018 to be good.

kolaish:
@Mpeace: Were you able to make your 20% in transcorp or you changed your mind. The bus is going back to the mid 160k region to reload new set of passengers.

I didn't oh. Just made 12%. But I will re-enter today and sit for my remaining 10%.

Just completed my ban on nairaland by antispam bot. I was banned for posting a link from nairametrics.

Thinkbigga:
So what should we expect? I have it in my portfolio

My brother I don't know oh. Ordinarily we should expect an excellent 2017 full year result due to sale of foreign assets, but that might not be the case. since this Dozie guy took over from oti, he has been pushing everything including dividends to provision/ impairment for bad loans. No body knows what he would do this time around. But I expect a fantastic q12018.
Fingers crossed

swilo:
I am patiently trying not to be impatient.

I feel like loading Diamond bank but assumption is not a strategy

Result is tomorrow

gloriousdawn:
Net impairement loss on Loan & Receivables for banks is droping significantly.
Remember that this line item have been a major bleeding item for the banks.
2018 looks promising.

Why do you think some of us are buying fbnh and diamond. These banks took the highest impairments and suffered greatly in terms of price depreciation. They are set to enjoy some reprieve by way of reduction in provisions, write-backs and recoveries. These will also affect their share price.

Everything fell in lafarge, including asset. Net asset fell from 253 billion to 156billion. Hmm this confirms someone's assertion on this forum that management is stripping this company of its assets and using the carcass to collect loans. https://www.proshareng.com/news/Corporate-Results/WAPCO-Declares-N2.0bn-Loss-in-Q1-2018-Re/39638

FBNH full bid also.

I doubt if this transcorp bull will last.

samzepaparazi:
Looks like its only me and you that patronise transcorp in this entire thread.

Lol

It was on full bid at a point today o.

Blink and open some people had put up offers again. I tire

Bros, weep no more

Mpeace:
Transcorp. Eventhough I don't know why its on full bid, I can only thank God. My 20% loading.
Why is that my fellow transcorpian that almost lost hope in transcorp.
Waiting on Oando, diamond and fcmb. We making money this year.