₦airaland Forum

10million man is back on the wapco matter.

UBA seen at 5.90 hmmmm

The 10milliin guy on wapco's matter might have taken a break. Now the stock is moving slow & steady.

Princkez:
That 10million unit guy in WAPCO has showed up again but now at #14...i wonder why he didn't offer it @his usual #13

He is not interested in selling. All he wants to do is create fake offers to subdue the price until he is done buying lows.

Mcy56:
Lol.
It's VAP or VWAP joor.......Volume Adjusted Price.
He talked about Weighted Average Price too.......if I could recollect well.

lol. You know say my head no dey fit carry heavy something. Thank you jare for de correction. MVP

Wapco now 12.8. So happy the 10million guy didn't show up today. Let's just hope he is don't buying.

Sabiboy99:
Heehe... 9# not any time soon hanty...Opportunist everywhere....
Every sticker una go hunt for Bargain chai...

If you know you know. VMP abi na wetin them call'm sef

Mcy56:
Lancee Imagine Zee that still sold for 16.05 yesterday, It's 17.20 now.
If to say you had panic and sell, now you'll be regretting it.
Better stick to your plan on it.
Don't be surprised if you see them rolling offers out again.......but las las, Zee go still move.

IN MESHPIPS voice, we waiting for zenith at 9

ositadima1:
At d time I wasnt sure of it my self , I sold my FCMB at 1.98 .

what is moving fcmb now is simply unknown. On a good day, fidelity should be going along.

ositadima1:
You guys have been busy looking at WAPCO when NB is showing love. For the record i didnt benefit from it sha . But, if I had applied my strategy (Buy when Pinky line crosses over Redy line then sell when Redy line crosses over Pinky line) to it from April on-wards I would have been sitting on about 80% today .

We are looking at fundamental analysis while you just did technical analysis. All Join sha

Wapco moving up but praying the 10million offerer don't show up.

That yeye 10milion offer in wapco has shown up again. Anytime the stock wants to go up, the offer just shows up.

Massive bidding on the Access 43million bid vs 6mill.

World stock fell, NSE fell . World stock rose, NSE refused to rise. Now world stock is falling again and yeye NSE want to join them.
BuBuNaija the economics of destruction

Meanwhile, that 10milliin offer is back again.

GudluckIBB:
was it before the market opened?

After market opened. I sold fbnh and used the proceeds to bid for wapco but failed to adjust the bid price. So I had to go back to raise the bid.

GudluckIBB:
Anyone noticed you cant amend Order in Morgan Capital Itrade ?

I amended my order this morning

ukay2:
Once you know what you bought.....forget the daily movements

The heards will soon start to rush us.....

nna777:
It's today I really noticed . I will set my trap below 11 so that when him vex offload that offer, I will partake of the overflow

Something tells me the 10million offer is a fake offer meant to keep the price down while the suspected buyer continues to enjoy a relatively low price.

Q3 holds a lot of promise for this company and they are trying to get in before the results.

nna777:
It's not normal for Wapco to trade over 3M shares and no price movement. I think a big player was trying to play smart.

Buying below the 100k unit on the offer side for price change thinking that people will start bidding higher then selling to back to. But e no work.

Anyway I see it retesting #11 again b4 q3 comes out. We patiently wait.

Lol is it today you noticed. Somebody is buying and he wants to buy low. They just fixed a single offer of 10million units at the end of the table to bring up the number of units on offer and prevent the stock from going on full bid. We are inside and just watching.

Mcy56:
Lol.
Fidelity is a tier two leader but Fcmb may take over the mantle if Fide is not careful.
N1.8 is a good entry around this time. I entered @1.76 with my tashere units.
Let's see how it goes sha.

fcmb took me from 1.68 to km 2. I never knew it would go further. But no regrets.

Mcy56:
I don come back small...

Mpeace did you see FCMB's earning forecast for Dec. 2020?
I saw it before now but didn't pay attention to it. Just rechecked.
Seems this guy's are serious and FCMB may touch N2.70/3 the way it's going................or maybe I didn't understand it well.

Fidelity..........

I don't know why I prefer fidelity to fcmb. But I did regret earlier selling my fcmb at 2.00 in to fidelity at 1.8. The recently released result seem to be a reprieve though.

Justcul:
This thread is being derailed..

How? All I see is UGAZ and fidelity result comments.

dharpzee:
That is what is called LIFO, Last in, first out

But why is it so? Why (sic)LIFO

I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

Mcy56:
Boss are you talking about UBA?
Q2 is what we're expecting and it's out with 0.17kobo proposed interim dividend.

Hmm UBA result not too impressive oh. PAT fell. Hope Access won't do worse after bearing the stamp duty charges of their customers.

Mcy56:
Okay. We don't know what FCMB is coming with in their Q2 result.
If you've made considerable profit you may sell and wait for pullback..........it's just my opinion but just follow your instinct anyway.

FCMB q2 has being released since naa.

PETERiCHY:
The way minority shareholders will be waiting for GUINNESS mgt at their next AGM

U don finally sell abi?

IYGEAL:
So in the case of UBA, it's not CBN delaying the 2020 H1 Result

It CBN oh. That's why they used the words "necessary regulatory approval"

I just wonder why it takes the CBN too much time to approve audited results. Its so unfortunate

Irrespective of the impending recession, companies in NSE will certainly do well. Aleast the H1 results already released show that.

dipoolowoo:
FY202: FCMB Anticipates 75% Drop in Earnings, 76% Fall in Profit
https://businesspost.ng/banking/fy-2020-fcmb-anticipates-75-drop-in-earnings-76-fall-in-profit/

Red Star Express Declares N469m Profit, to Share N324m as Dividend
https://businesspost.ng/economy/red-star-express-declares-n469m-profit-to-share-n324m-as-dividend/

CAP, GTBank Lead Equities Market Back to Growth by 0.02% Friday
https://businesspost.ng/economy/cap-gtbank-lead-equities-market-back-to-growth-by-0-02-friday/

Crude Sustains Fall after Hurricane Effects Pass
https://businesspost.ng/economy/crude-sustains-fall-after-hurricane-effects-pass/

Harassment of Nigerians: FG Gives Ghana Last Warning
https://businesspost.ng/general/harassment-of-nigerians-fg-gives-ghana-last-warning/

Nigerian Businesses to Regain Normalcy August 2021—Report
https://businesspost.ng/economy/nigerian-businesses-to-regain-normalcy-august-2021-report/

Zenith Bank GMD Seeks Expansion of Nigeria’s Non-Oil Exports
https://businesspost.ng/banking/zenith-bank-gmd-seeks-expansion-of-nigerias-non-oil-exports/

I think you got the bolded news all wrong. What FCMB put out is not the full year earnings projections/expectations, but just the projection/expectation for q4 alone.
Their H1 earnings already surpassed the figures contained there.
Eg H1 gross earnings is already 98billion, and they only projected 45billion for q4 alone not full year. Gross earning cannot fall like that naa. Pls cross check and redo ur news before people see.

For those of us that think its peculiar to Nigerian companies, pls note that it happens everywhere.

Sabiboy99:
You go old be dat o

Thanks man. Me no fit die young