₦airaland Forum

@Justcul, sorry I am nothing against him as I don't know him in person. I only hate pretense and deceit. You must not be victim to know that many hapless newbies are enticed to make awful investment. We must be very careful on what news or information we give out, we should not claim to have inside information while in reality we know nothing. We must have a check to move forward.

Meanwhile, myjoy085 belongs to me and only me.



It is well..

Born2berich, locodemy et al. we must be very cautious about this FO. I don't know of any strong fundamental driving the price. As far as I know it is the most expensive stock in nse with P.E of over 95. I am not saying you should not risk but we must be very careful because we will not know when the bubble will burst. tread with utmost care.

It is well

pythondjango:
whaw hu!! Greetings to this gr8t platform,its bn long,i wanna wish u happy xmas in retrogress if u permit me to use it like that.Also,happy new year in advance to you all.

Thanks, happy Christmas in arrears too and happy new year in advance.

Remain blessed...

Godisfaithful:
Mà, let's take note of this. Happy New Year and see u when I come back from my Christmas and New Year holiday.

Kindly take the advice from Miss glogirl, that is the only way to save your battered face. " GO BACK" to myjoy083.

Changing to Godisfaithful is not your saviour. You have misled newbies here to awful investment with your sweet talking words coloured with your religious prepositions. We are more than that here, we are intelligent . I can not sit idly by to watch you continue with your clandestine and nefarious activities. Go and recover your myjoy083, you can never deceive any one here anymore! Go and come back after ur new year holiday, we are waiting for you.

Born2berich:
The account Myjoy085 is an impostor and an impersonator to the real myjoy /myjoy084 here on this forum. Thereby misleading members if his posts are really from the real myjoy or not.

Real: myjoy / myjoy084

Fake/Impostor: myjoy085

See previous post below and a member showing his surprise






Full conversation between him and members are on page 1231

cc: MrKnowitall , dominique

If you are well intelligent enough , then you should be able to know the difference between A and B. Tell me how 084 and 085 relate mathematically?

Impersonation? I pity for some people..

Intendy:
http://nairametrics.com/forte-oil-fined-n4-2-million-for-hoarding-petroleum-product/
#4.2m pere

Well, the fine (4.2m naira)is insignificant enough to cause panic.


It is well.

locodemy:
when 2016 comes but people have made over 45% from yet it is still on full bid.what else are we looking for if not money.Are we going to sleep on top of unity bank.leave matter jare.very soon wapic will join.NSE is the more you look the less you see.

If you are not well informed , don't buy this bank. Things will happen in some of these banks but no body knows when. If you are on jijo you must be careful so you will not get entrapped sometime in the process.

Mfunkynation:
unity bank rise to N1.02..... very big surprise

Please "run run run" as if their is no tomorrow from this bank! Forget those magic...keep calm, you will observe the true nature of event later in 2016!

Dollar Restrictions Will Remain Till Reserves Rise To $200billion - CBN

This means our industries will not be revive soon. Do you know how long it will take Nigeria to shore up her reserve to 200 billion dollars before dollar restrictions will be removed.

Nigeria has never shore up their reserve beyond 65 billion dollars even in oil boom. That can never happen now in crises.

It is difficult years ahead. It is well.

MonitorinSpirit:
Myjoy085 is not Locodmy. The person behind the moniker: either Franktalk1 or Angrybull.

I am not any of those monikers. I am myjoy085. Moreover, focus on your investment strategy.

It is well..

zendi:
my dear, 083, 084 and Peterichy we know.
it is 085 and his mission we're still trying to fathom.

Plz, leave me out of ur forensic conjure. I am who I am, not myjoy083 or myjoy084. I am not great Peterichy. I am myjoy085 it is different persons from the aforementioned monikers. Focus on important information that will add value to ur investment strategy and plz leave the messenger. Myjoy083, myjoy084 and Godisfaithful are same person and many of us know he doesn't have portfolio. He is just here to e- massaging his ego. Some people are like that here and they must be made public in the nearest future.

Nevertheless, never loose hope in investment in NSE. We all know that things are just not alright. Our economy is in messy situation. Invest wisely and never listen to any body that tell you that our economy will stabilize soon. We are in a very mighty mess!!! Soon many people will begin to conform with me.


It is well....

zendi:
On the flip side, and curiously glossed over in this analysis, Transcorp controls 20% of the nation's electricity, a business that cannot be obsolete in the foreseeable future, selling utilities that people must buy no matter the state of the economy.

Transcorp is however vulnerable to the overly influence of cowboyism from the camps of africapitalism.

You very correct my bro, the chunk of their investment in electricity can never be underrated and it will have + ve impact in the overall profit. The issue is that, most of their business is under pressure because of foreign exchange and poor state of economy.


They will survive the hit, that I know.

It is well....

Zendi and currentprice I wonder why you choose to correlate my moniker with locodemy. We are two different people with not the same opinion.

I am here just to debunk all the bundle of lies being peddled by the impostors in the name of optimistic gesture. Many of them don't have any stock! They spend most of their time here in this forum peddling innuendos in the guise of telling thel newbie what they want to hear.


It is well....

Union Bank faces likely drops in revenue, profit at full year




Union Bank faces the challenges of inability to grow revenue and that could lead to a drop in gross earnings for the bank at full year. Rising interest cost is hurting profit capacity and the bank isn’t likely to achieve up to one-half of its preceding year’s profit based on the third quarter growth rate. Revenue is constrained by non-interest income, which declined by 13% year-on-year at the end of the third quarter while interest income has slowed down due to a continuing drop in the investment portfolio.
Interest cost is growing rapidly against the slowdown in interest income. Rising interest expenses have depressed net interest margin and claimed an increasing proportion of revenue at the end of the third quarter. Interest expenses rose by over 50% at the end of the third quarter compared to an increase of 19.3% in interest income.
The good news however is that the bank has successfully contained the problem of rising credit losses, which enabled it to improve the bottom line at the end of the third quarter. Net loan loss expenses dropped by 20.4% at the end of the third quarter and that moderated the impact of rising interest expenses on the income statement.
There was a slip in customer deposits during the period and the bank had to depend more on expensive liabilities to maintain earning assets. Rising cost of funds is a general trend in the banking sector as well as the larger economy. The bank closed third quarter operations with an interest income of N66.64 billion year-on-year at the end of the third quarter, which was accounted for exclusively by earnings from loans and advances.
Its net credit portfolio grew by 15.6% over the opening figure for the year, which was moderated by a decline of 9.9% in investment securities. The bank’s investment assets have been declining since 2013, which is affecting interest income from that source. Inability to grow the principal liabilities has constrained growth is earning assets generally.
The bank generated gross earnings of N84.72 billion at the end of the third quarter, which is an increase of 6.4% year-on-year. Based on the third quarter growth rate, gross income is projected at N114.2 billion for Union Bank at the end of 2015. This will be a drop of 16% from the gross earnings of N135.80 billion the bank posted at the end of 2014.
Another major area of favourable cost behaviour is in respect of operating expenses, which increased slightly at 1.1% at the end of the third quarter. Compared with an increase of 6.4% in gross earnings, the bank reduced its operating cost margin from 55.5% in the third quarter of last year to 51.6% at the end of September this year. This is still well above the average banking industry operating cost margin of 44.6%.
The bank closed third quarter trading with an after tax profit of N9.34 billion, which is an increase of 15.5% year-on-year. The improvement came from moderation of operating cost and the drop in loan loss expenses over the review period. This improved net profit margin from 10.2% to 11% over the review period.
The full year profit outlook isn’t that promising to maintain the growth seen at the end of the third quarter. On full year basis, the bank has lost profit margin and that has undermined profit capacity for this year. Net profit margin is down from about 20% at the end of last year to 11%. Based on the third quarter performance, after tax profit is projected at N12.8 billion for Union Bank at the end of 2015. This is a likely drop of 52.2% from the after tax profit of N26.82 billion it reported at the end of 2014.
The bank improved earnings per share from 44 kobo to 55 kobo over the review period. The full year expectation is 76 kobo per share at full year, which would be a sharp drop from earnings per share of N1.52 at the end of 2014.
The bank carries a large retained deficit of nearly N250 billion, which is a big mountain on the way to resuming dividend payment. The retained deficit black hole will have to swallow up profits of many years to come to level up.
PZ Cussons heads for another profit drop
PZ Cussons lost profit for the second year at the end of its 2015 financial year ended May and it is headed for yet another profit drop in the current financial year ending May 2016. The company lost one-third of the after tax profit on year-on-year basis at the end of its first quarter operations in August. The margin of profit drop is expected to widen at full year if the current growth rate is maintained. Profit drop accelerated in 2015 and looks likely to speed up further in the 2015/16 financial year.
The company’s weakening profit capacity reflects its inability to grow sales revenue for the fourth year running. The company has not been able to push sales revenue reasonably above the figure it posted in 2012 and the revenue weakness has continued to register adversely on profit performance.
It closed first quarter operations with a turnover of N14.92 billion, which a slip over the revenue figure in the same period last year. Based on the first quarter growth rate, turnover is projected at a little over N62 billion for PZ Cussons at the end of the 2015/16 financial year. This would be a drop of about 15% from the sales revenue of N73.13 billion it reported in 2015.
The company’s sales revenue has been virtually stagnant over the past three years. Flat revenue and rising cost have been the challenges facing the company. This year, the prospects for a drop in turnover have increased the operating pressure.
Given the inability to grow sales revenue, the company’s profit capacity has continued to weaken under rising costs. The company is able to keep all other major costs under control except interest expenses, which soared by about 504% to N164 million at the end of the first quarter. The company has lost profit margin from 4.3% in the first quarter of last year and from 6.3% at full year to 2.9% at the end of the first quarter of the current year.
The company reported an after tax profit of N428 million at the end of the first quarter, which represents a drop of 33.3% year-on-year. Based on the first quarter performance, after tax profit is projected at N2.6 billion for PZ Cussons at full year. This would be a drop of 43.1% from the after tax profit of N4.57 billion the company reported at the end of the last financial year. This will be an accelerated drop compared with the profit drops of 10% and 4.5% the company recorded in the preceding two years.
The company’s profit performance has followed a pattern of rise and fall over the past six years.  Its after tax profit of N5.32 billion in 2013 was a recovery after two years of drops. The peak profit record remains the N5.58 billion it posted at the end of the 2009/10 financial year.
Earnings per share declined from N1.16 in the preceding year to N1.02 in 2015. It paid an interim dividend of 20 kobo per share last year and has announced a final dividend of 61 kobo per share. The company’s register is scheduled to close between 14th and 18th September while payment is slated for 30th September 2015.

http://www.vanguardngr.com/2015/12/union-bank-faces-likely-drops-in-revenue-profit-at-full-year/

ufotty2001:
thanks but which penny shares do u think will be OK at 1st quarter..

Buy ubcap sir, but do your due diligence.

It is well.....

.

ufotty2001:
seriously waiting for transcorp@ 1.20k.. after this public holiday ..

Currently, Nigeria economy is in a very serious problem because of uncertainty surrounding world oil price.

Transcorp is deeply involved in this oil conundrum ,remember they have an oil rig which is yet to be developed. They have debt with some bank and depends on foreign exchange to finance some of their imports which is used for raw materials for their finished products ie fruit concentrate, tourism industries will perform very poor in 2016 because of customers weak purchasing power hence the revenue in their hotel industry will drop drastically.
Nevertheless, follow the best strategy that works for you.

My target for transcorp in 2016 is less than 1 naira. It sounds funny but that is the bitter truth.

It is well.....

myjoy084:
Since u have decided to compromise by name (moniker), I leave u for God. He shall judge you and reward you. And this will be my last post on this name, MyJoy084!

I can see how desperate one can be. How many moniker do you have? Who have Godisfaithul and for what purpose ? Why do you change from myjoy083 to myjoy084? Be very truthful next time and to be frank and to tell your followers that you have no stock in Nigeria stock market.
stop being deceptive. You use people to massage your battered ego. It will never be allowed by honourable men of integrity in this forum. Tell me ur Facebook name to check you up to know how mature you are. Learn your lesson and never play with our intelligence. For me I will never leave this moniker for any body. It has come to stay.

It is well.....

Chibuking81:
will myjoy084 and myjoy085 declare dividend this year?

You can not be pursuing rat when you house is on fire. Many companies will not declare dividend as a result of poor state of the economy, that is simple truth.
Nevertheless, never loose hope. Invest wisely.


It is well

ihedioramma:
myjoy084 has declare christmas and new year blessings .myjoy085 is not a good stock they dont have any thing to offer only looking for old news and long bad news to post here .

What Christmas blessing are you talking about in Stock market Pa Ihedi?. Stock market is all about being pragmatic and real but not based on religious assumptions and prepositions. The truth is that you must rack your brain wella to make it here.


It is well

[quote author=Krisuba post=41367604][/quote]Thank you sir

It is well

EDUECO:
Stop this quasi impersonation of our legendary myjoy084! 'It is well' and 'buy more' is a special trade mark of 'the real' myjoy084.

There is nothing legendary in the character that makes up myjoy084. He is just deceptive personality. Do you know why that character migrated from his previous myjoy083 to myjoy084, the real legends like Peterichy, manie, Angelo, born2berich know what I am talking about.
meanwhile, I am not here to flex muscles with any body but to tell people the truth regarding sorry state of Nigeria economy and it's stock market. Myjoy is just nomenclature and no body owns it. It belongs to United Kingdom.
Never forget, we are here to make money.

It is well.

myjoy084:
Sir, if you think i'm here to exchange words (confrontation) or flex muscles with you, you are absolutely wrong. Keep doing what you know how to do best. May the good God reward us all.

Confrontation ke? Not me my bro. I am peace loving and God fearing. I am not here to drag over the ownership of moniker but here to make money.

Remember we are making money this year.
It is well.

myjoy084:
Sir, why not use another built name of yours (moniker) to prank instead of using myjoy085? May the good Lord reward your thoughts and mine!

I wonder what makes you believe that myjoy is patently and exclusively yours? As far as I know myjoy is a word in English so perish your thought.

Meanwhile we are here to make money not possession and obsession of moniker.


It is well.

currentprice:
fear first catch me when i read this post with myjoy handle until i realize it is a fake myjoy,,,,,,,it is end of the year enjoy your moment of craziness brother

There is nothing fake about the name current price. We are about to make money big time this year 2015. Have you forgot that we are yet to make money this year? It is well.

I encourage everybody to invest massively in oando, tiger head brand, honey flour,unity bank and Wema bank. What I know is that money must be made this year.
It is well..