9free:

I no go mind pick up JB @N10 sha.....

When it goes to N50, do not ask yourself where was I. The best investing is investing in what no one wants to invest in.

onegentleguy:


To the average Nigerian;
FCMB- N3.61
DIAMOND- N3.47
FIDELITY- N3.99
ACCESS- N12.50

To our foreign hot money brothers;
FCMB- $0.0103 (...so just $10m can buy over 1 billion unit of FCMB ...which is more than a 10% stake in FCMBs current total free float).
DIAMOND- $0.0099
FIDELITY- $0.0114
ACCESS- $0.3571 ...N350/$ exchange rate used.

...In case u have any doubt, go back and take a cursory look at sir yoks regular update of the MSCI index stock purchases. ...except for seplet, observe very closely and u would notice the peanuts that this guys spend in mopping and loading some of our coys.
So it makes sence for all of us to use our sixth sense so as to reap from this 'present circle of affairs'
...Remember, this sort of circle play don't come all the time. ...and need I remind u that the very heavy volume of trade u see everyday is not for nothing u know. ...more shall come !!.
For my close observation of the 'black room affairs' and 'some cloud tips' leaves less room for doubt, and like I always say, some things are better left unsaid.

In all, I do not know about u but as for me and my household, we have decided to dance to the 'rhythm of this melody accordingly'.

NOTE: This post should not be seen as an investment advise. ...Pls kindly carry out ur own due delligence.

Foreign investors have a minimum market capitalization screen for stocks in countries. Only Access survives this initial screening. It is not about the price per share but the market value of the company as an INITIAL filter when it comes to foreign institutional investment. Be informed.

onegentleguy:


The expectation of the 1st bolded above was one of the 3 core ingredient of the current BULL. ...Should the 2nd bolded come to fruition, it will bring about a RAGING BULL. ...And should the 3rd bolded follow thru, then expect a THUNDER BULL.
It's clear that with the Nigerian state, upside ROI potential is becoming bigger, while downside risk is fading with each passing day.
...And for those who think we are close to the saturation point, well, I sincerely hope u are not mistaking that with our starting point.
We ain't seen nothing yet folks. ...For in time, our dear Mr TIME shall surely put things in their right perspective !!.

Companies have to defend their prices; company performances will NOT be able to defend the high share prices. This is MOMENTUM driven and not fundamental driven. Play loosely and get burned all of a sudden.

When everything and anything goes up, everything ad anything will come down, ESPECIALLY those that did not have any logical basis to go up in the first place.

locodemy:
seems fcmb will touch #3.00 tomorrow leaving diamond behind.
The gap up today is much oooo.............gained 25kobo today.
will shareholders of this stock still wait for result/dividend?

FCMB price is being managed; there is an agenda. When the agenda is achieved...

The result will not be able to justify even its current price. Be vigilant.

Igbos are relatively few in GT Bank. Less than 10% of the workforce. And lawsuits can follow there. Beware of slippery slopes. This is a corporation and not a person. The approach to deal with issues should never take on a personal vendetta. The corporation will lose once all is said and done.

ProWalker:


Igbos are the most clannish people on the surface of this world.
If I were Gtbank, for every account closed by an Igbo, an Igbo will get the boot out of the bank.

EPS that is already struggling will be heavily discounted and the share price will be unaffected. The price you see today will become a lot more expensive after the share dilution and EPS drop. I am not saying that paying off debt is bad.

RabbiDoracle:


I don't think it is a bad idea to raise money cheaply (via rights) to reduce expensive debts. This will help alleviate the finance cost pressure holding down profitability. Guinness did it. Lots of companies do that.

If you look at the numbers for their report, you will not be compelled to buy because profitability ratios will be negative. However, a contrarian investor can actually buy and make projections that if they pay down debts, finance costs will reduce, then the company will return to profitability. He may stay longer.

People will argue about opportunity cost of tying money down.

For me, looking at the reports, it isn't good. If the price can hit N15 , then I can say that the upside will be better for me at that price and I will see value in it.

I advise everyone with sincere profit motives to avoid WAPCO that increased its outstanding shares by 50% and most of the proceeds is needed to reduce debt overhang, not to grow the business! The same issue plagues UACN. These companies use this to increase their market cap but, their prices are thereof indefensible.

Best wishes

People be informed. Harvard does not have an EMBA. Neither does Stanford or Tuck. She also did nor get into their MBA program as she has already stated that it is an executive study.

This is likely what she got admitted for. Click link below. It is a Program for Leadership Development. I am just clarifying and not downgrading her achievement.

https://www.exed.hbs.edu/about-us/Pages/emba.aspx

PeaceisLife is a SCAMMER! Confirmed! Do you not fall for the antics and send money out of pity.

There are sincere people out there who genuinely need help and this does not help their case at all! This ATHEIST has come here with devilish mind to receive GOOD while doing EVIL.

This peaceislife is a SCAMMER. Confirmed! I hope no one sent money under false pretenses.

I am not responding based on emotion. Logic is N10.00. Anything beyond that is unjustified momentum based on current realities. By the way banks such as Stanbic & Access are manipulating their share prices.

ihedioramma:
Not #10, #20+ .

FBN will reach N10.00 before the end of August. People took position for different reasons.

locodemy:


No,my capital is not vapourising and cant.What is happening now is market reactions towards the poor dividend.Fcmb is not the first to witness this.....Access and zenith are typical examples.I see the dwindling in price as another opportunity of loading more.The man who drove the bank to this extent is still having a greater shares of the bank till now.you can check it in fcmb report booklet.
I know you are concern over friends investment but bear in mind that this is capital market where one reaps where he/she did not sow.Market sentiments abound in the market.fcmb is the best place to be among all the tier2 banks.

Watch the dividends that will be paid by other banks and judge fcmb by their results.

Zenith's stock price movement post dividend had nothing to do with its dividend announcememt which is very impressive by any standard in any market cycle.

locodemy:


This is wonderful.sometimes i see you as a twin brother who i share same feelings with.God has promised us a bountiful 2017.Those who sows in sorrow shall reap in joy.

Even as at now i am still making profit in fcmb not to talk of the 10kobo dividend.100% profit and above is my goal.

Remember God you are calling now when you throw "shade" at someone on this discussion board. God is not an on and.off switch that we manipulate to suit our desires. Best wishes

spartan117:
I'm a Christian but not a catholic so I don't belief in d worship of mary.
However, God can Speak to his people thru different means in d old testament he caused a donkey to Speak in order to warn the errant Prophet balam

But dis statue though looks like dat of a demonic spirit it doesn't depict mary in Anyway

Catholics do not worship Mary. She is honored and deserves to be. I am not asking you to change your view, just to be duly informed while holding your errant view.

Secondly, Mary does not have her photograph available for people to create statues of. Some statues (big or small) will be more aesthetically appealing than others just like all paintings are not the same. Its all about the talent of the craftsman.

locodemy:


Sorry brother! which Doctor comot your real eyes carry snake eyes put for your body?
Better look for your eyes o.......

When nothing proper to say, the improper becomes necessary to make a point in the world of most Nigerians using the internet...

FCMB does not have the necessary market cap to even pique the curiosity of MOST foreign investors. If Nigerians do not see value in the stock to take a sizable position, then, best wishes. Foreign investors will not bail you out on this one. Good luck in seeking alpha.

Engrdavo:


He confessed bcs he did it OK? Mumu......

So, people that don't admit stuff means that they did not do it? Most people that do bad/negative things confess? Be careful what you call others; you may just be exposing yourself.

iamexcelblog:
All these useless attacks on Suleiman will fall and fail vigorouly. Christians, this is a moment of test for all of you. Forget all that bullshyt talk of "playing religious card." I am in the North and I can authoritatively tell you that Muslims and their clerics are the worst hypocrites. They engage in all kinds of atrocious stuffs including drugs and homosexuality. Yet none of them is called out. Does it not suprise all of you that this is coming at a time when Apostle Suleiman called on all Christians to rise up and defend there faith.

Left for me, I may say that Apostle Suleiman backslided. But who doesnt? Abraham backslided and gave us Ishmael that brought about this demonic religion that is troubling the world. David backslided by sleeping with Barthsheeba. Samson backslided. Even Noah backslided by spilling his seed. Yet God forgave all of them. You See?

SO PASTOR, IF YOU ARE READING THIS, WE FULLY SUPPORT YOU AND YOU ARE FORGIVEN WHETHER YOU DID IT OR NOT. AM A CATHOLIC BUT I FORGIVE YOU SAME WAY I PRAY GOD FORGIVES YOU. THAT IS IF YOU ARE GUILTY OO. DAVID DID WORST AND WAS FORGIVEN.

Personally, am not interested in whether Apostle Suleiman did it or not. Am just after the timing of the event. Something is not adding up. These Muslims are Criminals. Same with this useless Buhari government. They are doing everything to silence this great man.But ask yourself, after him, WHO IS NEXT?

For that Worthless and Hopeless Otobo to open her devilish mouth to say that Pastor Suleman licks her worthless and useless Duri to speak in tongues is a pointer that this girl is shameless and hopeless. She has backing by powerful forces!

CHRISTIANS BE CAREFUL. MUSLIMS ARE TRYING TO TAKE THIS MAN DOWN. ESPECIALLY THE KADUNA MAFIA AND THE KADUNA STATE worthless Power brokers. THEY HAVE LOTS OF MAN POWER AND FINANCES AND CAN PULL IT OFF. IN THE COMING DAYS, YOU WILL BE SEEING LOTS OF FAKE VIDEOS AND PICTURES.

I have taken my time to watch the worthless video uploaded here by Kaduna media centre and none of them has evidence or anything relating to sexual immorality. CHRISTIANS WISE UP. AFTER SULEMAN, IT MAY BE A CATHOLIC BISHOP OR ANOTHER POWERFUL PROTESTANT PASTOR.

BEFORE YOU CALL ME A SHEEPLE OR RELIGIOUS FANATIC, GO THROUGH MY PROFILE AND SEE TOPICS WHERE I CRITISCIZE RELIGION EVERY TIME. I EVEN DECLARED ATHEISM ONE TIME.

Quote me and die.

David confessed in case you forgot.

Equal2DeTask:


point of modification. I'm nt his church member

what do u gain in speaking against a clergyman
When the bible told u nt to do so...
Wether the Man of God is real or fake...

#DntJudgeAnyManofGod

The Bible also warned about fake prophets! Calling you self something REAL does not make you something. REAL.

My post had no insult. A little bit of a lecture that's all. Address your concern to the other guy who I will no longer engage going forward anyway. Once is enough.

Tritri:



@MYMINDER
@BullBearMkt

Everyone has a right to share dere opinion ...dere is no need for insult aberg.

Typical Nigerian fight back when they want to suppress what they do not LIKE. They have to go on a tirade of some sort.

More detailed focus on your part instead of being eager to rebuke and retort, you will notice that as at May 2015, Skye Bank had not released its 2014 financials; the last audited result available then was 2013 which was handled by Deloitte.

No where in the write-up did it say other audit firms have clean hands. The focus here is on Deloitte simple.

No one likes their profession to be excoriated; nonetheless, if we want things right, we need to address what is wrong and not embellish. The TRUTH is usually bitter; this does not in anyway infer the TRUTH is not fit for consumption.

Best wishes

123ABCXYZ:


Rubbish... Very biased and uninformed write up. PWC and EY have also been fined this year and KPMG Nigeria is still battling with the FRC with respect to stanbic. PWC has been d auditor of Skye bank since 2014 that is in d trenches and not Deloitte as mentioned in d artice. The problems of auditor independence is an issue dat cuts across audit firms.

I have worked in a big 4 firm before (not deloitte) and to be honest, it would most times take d grace of God to discover fraud committed at d mgt or board level. That is why sometimes wen i see people open their mouths and blame auditors i just laff. If an organisation wants to fool an auditor, it will most likely succeed if it knows wat it is doing.

I believe dat wat we need in Nigerian entities is proper corporate governance which is lacking EVERYWHERE...

You get defensive with abusive words to distract and deflect. Find your sparring partner and find DECORUM while at it. It is clearly not me. The anonymity of the internet should not be a base for uncouth manners.

Best wishes

BullBearMkt:


Unfortunately, I'll not have change of words with "a pure illiterate" like you. All my contributions are directed to people that want to learn trading in a professional way and not the so called experts that make people loose their hard-earned money.

Wrong! The stock's price is ex-div. Anyone buying yesterday or today... will NOT get the dividend. Be careful with your posts.

DeRuggedProf:
A THOUGHT:

ZENITH BANK: 13.76 (CLOSE TODAY) + 1.77 (DIVIDEND) = 15.53

You clearly invest with a gambling mentality. I am not saying you cannot make money. I am appealing that you do not spread this hapahazard logic as sacrosanct. There has to be a method to the madness even if the madness does not always win the MAD award.

BullBearMkt:


Kudos!!! Many investors/traders come up with their analysis (fundamental/technical) and belief a stock should rise, but instead of rising, the stock price continue to fall. Many will add to their position believing their analysis is correct! This is totally WRONG! As someone put it, why do you want to catch a falling knife... all you'll get is BLOOD on your hands. At this point forget about fundamentals, forget about technical, forget about what you think is correct, what matters is how the market sees the stock... Market will dictate the right price for that stock.

TAKE: Never add position to a losing trade.

I agree.

adepiero:
Don't be ignorant. And please do not insult my religion.

If you have eyes, you'll know that nuns also wear things like that yet they are not harassed.

Nuns do not cover their faces. Don't grasp at the air while looking for a tree branch. Catholic Nuns faces are in full view. Their body is fully covered up to below the knee.

Be educated accordingly.

EARN a living while working on MAKING a living.

Best wishes.

She is suffering from a disease called Enuresis. She needs to see a Urologist to examine her bladder and related organs.

The less water intake is not a cure, it can only ameliorate. In the interim, put on your alarm for 1am and wake her to go to the bathroom and empty her bladder even if she is not pressed.

A second one by 330pm that she take her to morning.

I don't believe it is spiritual, this is just usual talk by Nigerians because we live in a very diabolical environment. She should pray nonetheless because whatever you seek in life, go to God in supplication.

She was desperate to get married and avoided what would likely be a deal breaker. The Enuresis may be one of the reasons she was not yet married in her latter thirties until you met her and she succeeded in getting married to you by avoiding sleep over under the likely guise of morality.

Best wishes.

My Mind

luvinhubby:
Incompetent economic management occassioned by shallow minded politicians who will rather want to be seen as welfarists than anything else.

First step should have been, raise VAT to between 7.5 - 10% & reduce govt. borrowing but hell no, they will borrow N2 trillion & spend 70% of it on recurrent expenses added to the extra N1 trillion of last half of 2015 & a projected N1 trillion from further collapse of oil price coupled with the unrealistic N1.2 trillion projected non-oil exports in 2016 which will further drive up our budget deficit to around N4 trillion in the next 10 months.

At this pace, Nigeria will spending 40-45% of our annual earnings 3yrs from now servicing debts.

How did we get here?

APC should not destroy Nigeria biko.

Correction since you had to go into politics. The ruling government (APC) should not make an already BAD situation from the previous government WORSE!

Tamee:


No! You don't know anything at all, except you are the Ops alternate. What if the story was garnished huh.
See, this could be SuperStory but I will use the opportunity to decry violation of Human rights and the use of drugs to subdue people(esp women).

I insist the easiest way is walking out of the relationship and insisting on non-reconciliation except the test is taken(by valid clinical tests) not some wacky kit

Do NOT drug your girlfriends!
Do NOT engage in Pre-marital sex, unprotected!
Do Not get in a relationship if you don't have common sense!

I'm done.

Cc Ronald4lif ..How have you been? Your holidays? Hope you ain't shacking with some babes heh

Do not have sex without disclosing your HIV status beforehand with medical verifiable evidence.

Are you a female chauvinist? Would you have been so passionate if the woman did this to her guy? I will never know but I won't bet against it.

Lastly, spare me the jibes. When people find it hard to debate they start throwing personal snowballs. I will take a rain check.

Tamee:


I know. It is easier for Ops friend to have ended the relationship than drugging his girlfriend. Knowing the kind of half-baked education people get, they will start to copy Op if we don't address this matter from all sides; and people do react to pills differently. So, we shouldn't make it seem like drugging people and drawing their blood while they sleep is okay.
The gf may/may not know her status but then, slow people shouldn't be in relationships in the first place

I believe she does know for the following reasons

1. High level risk taker, she wants to always have sex raw and insisted on it. Why? Because there is no need to be cautious anymore. The harm has already been done.

2. She showed she is not pregnant but did not want to show she is HIV negative. He wanted to go to pay for both tests and she declined to go but she wants to have raw sex. She is not innocent.

3. The way she sheepishly walked away in the morning with that guilty mannerism.

I believe if you tell yourself she willingly wanted to spread HIV as a revenge for someone infecting her then you may end up softening your stance a bit. Sometimes you have to go an extra mile just to walk a mile. It's called circumstances.

My mind