₦airaland Forum

pluto09:
What is happening in Diamond bank in my own opinion is more than good or bad result.
Something is going on that we don't know of yet.

In my own judgement, Diamond at N1 is a bargain.

My broda, de thing be like 'try your luck'. In my opinion, anything can happen. The result may be very ugly or very good. This is one that can make a person instantly rich or instantly poor.

Ekpoma25:


2 billion units ke? How? please show workings. I doubt if its upto a billion in the last one month. Pls show data.

I dont know how to upload those data but calculate by your sef. Monday they sold over 300mil, yesterday 205mill, today 232mill. Take a look at last week and see.

Manonamission:
On the Diamond brouhaha, I'm inclined to believe the post from Rebekah2011 about StanbicIBTC offloading 500m units of Diamond on behalf of a client. It is possible the seller has placed a 'Fill or Kill' sale order. In which case, if you don't bid for the exact order size the deal doesn't go through. Any other seller without this condition, will and can jump the queue in this case. Also note that the 500m volume is not placed in a single trade on the floor except via a crossed deal. Could it be that StanbicIBTC couldn't get a willing buyer to cross the volume with?

Over 2billion units of Diamond Bank sold in the past two weeks. If the Story is true then it is clear that it is more than one "investor" selling off. I hope its not a sign of bad result to be released. Moreso, the timing of the sale- it commenced just before the closed period, when results must have been done (and seen by a few)

rebekah2011:
Stanbic stockbrokers selling on behalf of a foreign investor. Over 500m of diamond on offer. But why do some people want to die with a bad investment. They believe some magicians will come around to turn around the fortunes of the bank. Oando and Etisalat loans loading. I am interested in seeing the Q3 of this Bank.

You think the bank is involved in Etisalat stuff? Think twice. Diamond is not one if them. They put most of their eggs in oil. Banks that are in etisalat mess are doing so well eg gtb, zenith, uba, access, fbnh...

205million units of diamond traded already. Hmm wetin dey shele. I will enter now and just take it as betnaija. What ever happens, where ever the result goes, I can cry later.

For the second week in a row, someone has been mopping shares of Diamond bank. Whether its MM or not, I no know. But I kw that the stock has only 1.2billion shares floating and is therefore capable of fast movement(up or down) If they release a good result, this stock will certainly move. If not it will fall. For the past 2yrs or more, they have taken serious impairments in q3 after posting good results in q2, thus leading to less impressive q3s. One wonders if same thing will happen this year. From the foregoing, it becomes clear that amount of impairments taken, ultimately determines performance and price appreciation. Bearing in mind that amount of impairment is relatively up to management, it therefore gives them serious and unfair advantage. Even though I do not believe in the so called (closed period) It is my humble opinion that closed periods should be made to start a month before the end of the quarter or in the alternative, banks wishing to take impairments at the end of each quarter should be made to disclose the amount to be taken, this would create a level playing ground and enable investors take informed decisions.

Dont be decieved by those diamond offers. They are fake. Some are just being repeated. Most(if not all) has since been filled. Somebody is busy loading the thing. Its been manipulated. Watch carefully and observe the deals, u will see that almost all of that offer has actually been filled.

This forum sef. De guy ask simple kwesion, if u know stock wey go give good return u say, if not make u kukuma leave mata naa.

stockbuego:
Both stocks are wonderful with alot of inherent and hidden values. Dangote companies are very good and well managed but I have observed that they are highly inertia in price fluctuations and volatility hence making it highly recommendable for investors not traders as exemplified by Pa.Ewumi. .
Pls Pluto, where were your perceived observations you were not comfortable with in q2 of DF result as I have a substantial amount that I have designated and placed for long term.

I will buy dangflour when they complete the sale of their noodle factory.

Godisfaithful:
...What about the referee? Lol

weLcum

Hm. result don dey show small small. UCAP, una well don. Not a very bad result(if u remove profit from sales) although its not that good. I will buy this one for dividends.

Intendy:
stocks with new 52 week lows

Mobil #161.72k

MRS #28.88k

Acorn petroleum #0.27k

Cappa and D Alberto #45.93k

no new 52 week highs

Where is the said acorn petroleum listed.

Coolcash1:
Just the same way some people also worry why is difficult to buy Cileasing with over 6b units in float...

Same way pple wonder why its too easy to buy Diamond bank with only 1.2billion units in float. But wait oh, dangote flour should be eyeing km10 by now na abi de dream done fade?

PharmAlfred:
From Nairametrics, the affected banks are likely Skye, Unity, Union and Diamond Bank.
I don't think is something to worry too much about, every year, this kind of story comes up and in the end not much happens.

https://nairametrics.com/mpc-members-signal-some-banks-may-facing-capital-and-liquidity-challenges/

Diamond bank ke. Those pple no kw anything. So because de bank wan sell some assets na him be say them get liquidity problem. Abegi.

Agbalowomeri:
Waiting for GTB at 15 between now and election

This guy where u go since.

Nairaruky:
No one has come out to tell us about the financial crisis in fbnh.The debt profile of fbnh is rising in geometrical progression while the asset is rising in overvalued arithmetical progression.
The stock is a big disappointment. It is going yo face massive dumping from November /DEC
Value in d region of 2.50 to 3.50
Objective analysis shows dt d bank is now on the rope of asking the federal govt of the north for a bail out on acct of non performing loans

From where did u get this info. FBNH is not that bad. It has been releasing result, and with not so bad revenue and profit after tax. Some of its NPL should start performing sooner than later. Aitoe for instance which is one of its key oil and gas debtor has recovered greatly, giving hope that its loan would soon be removed from NPLs(same with oando) When these loans are removed, impairments(which has been taking much of the banks profit) will equally reduce, there by increasing the banks profit ratio.

ihedioramma:

You dey shine teeth abi, when e reach 2naira na him your eye go open.

https://www.businesspost.ng/2017/09/13/aviation-firm-files-45m-suit-diamond-bank/ wahala dey oh. 45million dollars no be beans oh.

Diamond is coming from one side, while fidelity comes from the other. The question now is "where would they meet"

I thought its exlusive to ipobs

dipoolowoo:
Stock Recommendation For The Week (September 11)
https://www.businesspost.ng/2017/09/12/cbn-reviews-limits-mobile-money-wallets/

Wey de recommendations naa

leo1234:
Alert!!!!
The octopus' account has been hacked.
I know he can't buy Diamond bank for 1.17.

lol dont mind him. He said he was waiting at sub 1or even 80k but is now angry that we refused to sell to him at 1.15. Shebi he said he would buy at 80k, We will not sell to him ontill that price. I done belle full for diamond. Just waiting for q3 result and the rally that would follow. They are sure to make over 500% growth in profit after tax. The will do dangflour by q3 result.
NOT A BUY RECOMMENDATION, JUST A PERSONAL OPINION.

fxuser:
diamond
- +ve div on d hourly

I don enter well last week. Will sell only at N3.

fxuser:
FCMB
- all d wicked hunters are at 1.05 and below ! loll

I am waiting for it at 80k. ie after q3result.

Jasmine17:
You don't need a prophet to tell you that the recession is over.

Its over on paper. Every pther thing is still on recession.

You guys should stop comparing FCMB with fidelity. Fidelity is far better than FCMB and should only be compared with diamond bank which is even better than both. NB fidelity has a higher OS than Diamond bank.
And as for that person that says FCMB makes better profits in q3, look well and see that they actually made a loss last q3. qoq.

it seems like FCMB will hit 1.08 today oh

BMZK:
From my WO (Watching Observations) not TA, something is being cooked at Fidelity and it is likely going to be delicious meal.

In Ihedi's voice: are you loco?

Wey that guy wey say him miss fcmb at 1.11. Food done land o. Fcmb dey wait for u at 1.10.

OBAGADAFFI:
STANBIC IBTC HOLDINGS PLC AUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2017 June 2017 June 2016 N'million N'million GROSS EARNINGS: 97,198 71,320 PROFIT BEFORE TAX: 29,169 15,682 TAXATION: (5,057) (4,365) PROFIT FOR THE PERIOD: 24,112 11,317 EARNINGS PER SHAREK) 230 95 PROPOSED DIVIDEND (K) 60.00 0.00

Wow. 60k dividend? Incredible. Gtb should be ashamed of itself.

Fidelity fidelity. When you want release result na.

theVision:
please what is happening?....why are majority of shares going down in price today

Buharibull is tired. The man failed to impress. Its back to square one.