₦airaland Forum

FBNH on green. It didnt even wait till monday to make panicers regret. I wish I had more money to enter this bus at 5.59.

So happy I was able to sell to sell my FCMB today at a good price. Till September as oga Loco talk. I actually expect their result to be like that of FBNH,and the usual panic sellers.

fxuser:
Bullish
- Prices even when they pull back make higher lows . They dont fall to prev or most recent lows
Ex: see GTB . . when it pulled back, it stopped ard 30 and cud not find its way to 25 , making a higher low)

Bearish
- prices break below prev lows and when they bounce , they make lower highs


We have to identify and treat them differently

Thanks. U are always there for we the newbies.

fxuser:
DangFlour
Weekly
Link: https://invst.ly/4md86
Once u see price break a lower high (trend), u know what to do.

Chief, abeg explain. Me no sabi read charts and graphs. Is it bearish or bullish?

stcool:
https://sterlingbankng.com/assets/usercontents/STERLING_BANK_INTERIM_FINANCIAL_STATEMENT_JUNE_2017.pdf

FBNH does not have any excuse really to report a decline QoQ.

I beg to differ. Their results are almost the same. Sterling half year 2016 was 4billion, 2017half year 3billion. Like I said, all banks will experience lower foreign exchange income.

stokfrick:

Wetin dey make you shine teeth. The only thing wey make fbnh result bad na foreign exchange gain of last year 55billion and this year 5billion. Everybank go face the same thing. Look at profit after impairment it was just excellent. Make una try dey look result deeply na if not una go make we newbies begin panic. No laugh me again.

Some pple will hurry and sell fbnh tomorrow, then on monday market will make them regret. Those pple that took fbnh price to where it is today are not expecting an excellent result at this time, if not you for see volume. FBNH's excellent result will come when they stop taking impairment for certain loans and when provisions already made are written back. The men in black know when this would happen. You and I do not kw, we only feel its soon thus we move by the volume. I know that when the said events occur FBNH would really pay so I will wait for the sellers to conclude, then I will enter and stay long term. They took impairment of 62billion and still made a profit. Pls dont compare Dang flour with fbnh. Dangflour will not survive that.
That not withstanding, and with all due respect, my heart is with Mr ihedioramma at this very moment.

When CBN gov said NSE might be in a bubble, I think he was looking at GTB. 41naira, for what. Can they pay N5 dividend by year end? If not then I see no justification for the hike.

So after every, the said dang flour finished on red. That earlier volume at 5.55 must be crying by now. I know say when them see result (without reading deeply) them rush go buy, thinking of hw them go sell at 11-15 . Well an old man once said "the market has a mind of its own" Loco might just be correct. One thing I noticed since buhari is that price moves before the result. They all take position them release result and then dump on pple.

currentprice:
Thank God for you my brother
was wondering when u kept complaining of DF. it seems you don't know what you bought,

with this report i will be surprise if DF is not selling above DS soon

with this half year result fair price now is N11

What makes you think its fair price is N11, the esp is just 1naira 15kobo.

This transcorp pple sef. With bid of 3million and offer of 19million una no want reduce price abi. No worry.

Oga Loco must be smiling by now his bank is seriously on the move.

Y is transcorp on red after green of yesterday. Hmm market, so unpredictable

sellydion:
This is from investment one: Buyers beware.

As the half year result for quoted companies continues to roll in and corporate actions are declared, see below our top picks and our economic reasoning which resulted in us taking this position.

Going into the second half of the year, we envisage a pick-up in global economic output with support from growth momentum in emerging economies as well as in commodity exporters.
In Nigeria, we expect the ongoing economic recovery to continue on a positive trajectory given relative peace in the Niger Delta, supported by offshore borrowing (Eurobond and Multilateral institutions), as well as recent reforms in the foreign exchange market through the creation of the I&E window for investors.
In our opinion, sustained Foreign exchange sales by the CBN and an improved liquidity injection through the implementation of the 2017 budget, will bode well for both the construction and manufacturing sectors.
Given this, we anticipate the stock market performance to see support from the impact of improving macro-economic environment on the earnings scorecards; recent reforms in the FX market; and the revised PFA investment guideline which mandates an increased allocation to equities from Pension Fund Administrators.
Going forward, we expect the positive trend in the NSE-ASI to continue in anticipation of positive H1 2017 earnings.
Downside risk to our outlook on equities however remains from volatility in Brent oil price given its impact on reserve accretion, exchange rate stability as well as offshore investors’ confidence.
Our TOP PICKS are: Access, Dangote Cement, GTB, NB, Nestle, UBA and Zenith Bank.

We will be happy to take your mandates as you position for H2.

After them done buy finish dem come they pick for us. Me no fit buy GTB, Nestle and NB at that price oh, they can only come down.

dipoolowoo:
OPEC Caps Nigeria’s Oil Output at 1.8m bpd
http://www.businesspost.ng/2017/07/24/opec-caps-nigerias-oil-output-1-8m-bpd/

Hmm they better not lead us into another recession. I winder how the naira will react.

Abeg make I ask, Is there anything wrong with Eterna oil? Its q1 result showed an over 180% increase in profit, with eps of 52k. and a projected year end eps of 220k yet no one seem interested and the share price does not really move despite its free float being just above 500 million. I too done follow dey run from this stock even though I no kw wetin dey pursue us. And even though every stock broker dey call him name.

Just looking at bid/offer for Daarcom see one guy wey offer 50,000,000 units for sale. i can only imagine how much loss. human being dey see something oh.

see as morgan capital pple just line up for Dangflour. #Nairalandhasahandinthis#

flexshop:
I couldn't sell. I'll wait till it gets back to normal and offload. Oando and manipulation be like bread and beans

Offer closed

Na lie. U no get Oando.

fxuser:
Diamond
- wicked market maker / broker must have sold one'e client holdings at N1.19 ! ! ! #SMH
- thats wat is called Slippage (Alexander Elder)

Now its at 1.27 lol.

As usual, FBNH turns green as oando goes on full bid. folo folo

Its like skye bank result will soon hit the mart. they are still talking of raising cash and at the same time saying they have recovered 60billion from debtors and another 6billion from sale of subsidiaries. The result is said to be at cbn for approval. 2016 result too.

Abeg morgan dey work for una side?

Pls when are the results coming.

Eterna hmm I no fit shout.

PharmAlfred:
But nobody can truly say why the stock is sliding down. I think it is beyond the sentiments we are expressing now. Conoil share price rose 100% after it declared dvidend last year. This year, it is been bashed right, front and centre. I think we will know the true worth in the next 6months. Let's see what its q2 will look like as it is likely to give an idea of the company's direction.

May be the share is going back to its true price. It was N20 around 2012-2013. Maybe that is its true price.

If Jonathan's regime did not indict oando and even went ahead to approve COP deal, I do not see much coming out of SEC investigation. People dont even consider the likely punishment which might be a fine or even a warning, theM just dey run to go sell others dey de wait at N1. Una go wait til oil finish for naija.

mendes911:
Is SEC also investigating FBNH?

FBNH has a special relationship with oil companies especially oando. When oil price rises it rises and when the oil companies catch any kind of cold, it snizzes.

So result don start show. Hmm time to position

Morgan capital. They have gone again like NEPA.

Make una give us link naa make we fit see as una dey make money since morgan in there usual way done shut us out.

jamace:
Have not received my 2015 & 2016 FYE dividends. Have you received yours?

My own is last year's bonus. I have not seen it oh. Over 20000 units. Them don pay me dividend but not for the bonus.