₦airaland Forum

rebekah2011:
N0.32k EPS as at Q3 15. Pls dont mislead people

Aunty are we talking about the same company (MAYBAKER)

http://www.nse.com.ng/Financial_NewsDocs/MAY%20BAKER%20Q3%20SEPT%202015.pdf

So I know weda I need glasses in this old age

betcindy:
Ucap is good for investment returns with ur dd.

Im moving straight to may&baker
no harm in trial .

N0.04k EPS as at Q3 '15? Do your DD sha

Izzlike the Oando bull trap have catch some people?

holm:
http://www.nse.com.ng/Financial_NewsDocs/12604_ETI_-_PROFIT_WARNING_CORPORATE_ACTIONS_MARCH_2016.pdf

Wait! Wait !! Wait!!!

"we expect our full year 2015 profit in US dollar terms to be lower than the nine-months to 2015 reported profit."

We need either the ability to short stocks or the SEC needs to sit up... Management and Directors are really taking shareholders for a ride

Manonamission:
The forum is quiet even with this corporate action from UBA. I hope the market won't react this way tomorrow .

We don't trust them... but >10% yield is not something to be sniffed at sha... falls within my JIJO spectrum *thinks*

jp130:
eyes de red, men r observing wher d nxt target shud b?

Nna let me know when you lock target... me sef dey find... I have too much exposure to banking industry now so can't load more Zenith

Just invested my fuckit money into Access Bank...

Anyway it goes I wont lose much

Me sha... I cannot buy GT Bank for more than N15.00 as it will be against my religion...


On the bright side there are currently 18million sellers vs 4million buyers so it is probably heading to full offer soon

Hehehe... e be like the market don calm down the early morning exuberance because except my eyes are paining me I can see people dumping

feelamong:
Every broker does this na..

ALL THEY HAVE TO DO IS TO PUT IN YOUR SELLING PRICE N THEIR TRADING MACHINE..

once it gets to that price it goes on sale...but pray that the day it gets there is not the day the stock is on offer and there are no bids..

How can I do this with Morgan Itrade? Didn't see the option online... Do I have to call them or send an email?

Morning House,

Please who knows of any Nigerian broker that does Stop Loss Orders?

* I'm trying to reduce how much time I spend monitoring the market.

wizdonnel:
Nice one Chief... It would really be great if you share a list of Nigerian brokers that offer Margin Facilities and short selling here.

More Gizzards to our Chickens This week!

Investment One offers Margin Facilities limited to 50% of your portfolio's realisable value with an APR of about 30%. I don't know of any brokers that offer the ability to short sha.

WeNigerDelta:
Thanks for your reply chairman....Please can you give me a list of brokers that let folks short stocks....I will really appreciate it, you can pm me it you don't want to make it public.
That's been the only the holding me back from trading the NSE...

Please share the information with me as well... I would like to participate in Short Selling one or two stocks as well...(they know themselves)

jarkbauer:
what do u mean by this. I bought a stock recently and sold same day. Made 12%

That is not short selling, that is called day trading.

Short selling is when you borrow stocks from you broker and sell them, you are betting that the stock price will go down (not up) and then you can buy them back cheaper and return to the broker while you keep your profit.

WeNigerDelta:
I think I understand what JIJO means, it's pretty much what we call trading the MOMO, follow the trend of a stock for a quick 5, 10, 15 or 20% profit, it's also called scalping.
Short selling on the other hand is the opposite of a long position. In a long position you want the stock to go up and you make money when that happens. Short is the reverse, you want the stock to go down and make money when it does...

No Nigerian broker currently does short-selling because the SEC expressly forbids it...

Even order types are very limited (<10)

When I run from UBA on Monday everybody dey say bros izz too early

I don use my money plus acceptable N0.40k capital gains secure more AFRIPRUD and FIDELITYBK since...


Zenith do release result make I sell after the rally and load more AFRIPRUD... Na recession we dey so!

Pesuzok:
with 3.9m bids @1.26?

36 million bids... Yesterday over 110million units were traded

Insider trading sure wallahi

talk2me2:
Those of us buying oando well done I know wale tinubu very well he will recover the over N200 billion loss and even make more profits. You will see the magic that will happen on the 2015 audited result. I expect N1 dividend from oando before may 2016. Do due diligence.

So they will reverse their Q3 15 YTD loss of about N48billion in just one Quarter, and do well as to pay N1? Thank you for this information sir!

mercylicious:
Am out of uba, 3.46. I hope I didn't undersell.

You didn't... I'm sure you made at least N0.50k per share... I suspect the price will go down again and one can re-enter before their result hits the exchange

Please does anyone know what's triggering the huge activity volumes on FIDELITYBK today?

95million units just got traded

Who are all those trying to dump FCMB?

Zenith Bank! Zenith Bank! Hmmm

I wonder why people are buying Oando sha...

If they have a hedge in place then the increases in the oil price below the hedge price will not affect them (fundamentally)...

Anyway, maybe I will enter in two years if they are still around

lancee:
I think People don take position taya , they re selling again ..getting too late for them ..Na only uba dey go CBN

We need new /good results to trigger bull

When I sold my UBA yesterday to lock in my gains... I was looking foolish... Toh

I see 11 million shares on offer and only 4million bids

ExLaidback:
Hmmm at what price did you get into NEM please?

I entered at N0.73K and I will buy more when people start offering... I am willing to buy up to N0.80k

*Not an investment advice, ensure you do due diligence*

Nigeria is currently in a recession... at least as far as the latest NBS GDP numbers show...

All I'm thinking about is recession-proof investments that come rain come sun will give me my required return on capital...

So far I'm long on AFRIPRUD and NEM ...

Can the house share any other suggestions I can do DD on?

Thanks

ufotty2001:
I have notice something in this Nse.. Do u know that it is possible for you to make 100% with small stocks or penny stocks than all this big once... The only problem dey have is that they are not fundamentally sound but with good DD u can enter @the bottom

I think the main two lessons I have learnt are;

1) Buy you a good stock and you can go to sleep regardless of market direction

2) JIJO is stressful

After experiencing 2008 sha... my greed get limits

Hello All,

So I have been having some thoughts on valuations...

How can FBNH and AFRIPRUD be having similar share prices - ie. N3.7 vs N3.4?

Does it have to do with the outstanding shares?

I'm asking because FBNH has full ownership of a slew of businesses including FBN Registrars (which can go head to head with AFRIPRUD), a profit making banking subsidiary, one of the largest insurance companies (after they bought Oasis insurance) as well as FBN Capital

Or am I missing something?

ufotty2001:
it is too early for him to sell... Don't come here and cry when it get to our Junction..

I have set a investment threshold... I'm not too greedy... Once I hit my set premium, I exit... I have exited AFRIPRUD, TIGERBRANDS and now UBA...

Waiting for the rest...

After earnings season I put my money in bonds or Afriprud... Shikena

veecovee:
wat is ur bet on fidelitubnk? i just bought some units today

Expecting FY div to come in at N0.15K

ufotty2001:
I wonder, cbn should be fast!!! Because I need to sell off uba when it get to my Junction and enter another good bus!!!

I don sell my UBA today... I am not greedy afterall (although I bought at N2.X)

Let me look for the next stock to enter for earnings season

ExLaidback:
Hey house!


I recently stumbled upon the results of some Insurance Companies for last year and they did rather well especially the following:-

Custodian & Allied
Law, Union & Rock
Mansard
N.E.M.
Unity Kapital
Niger Insurance

But I then went to their stock history and was disappointed. Some of them seem to have paid dividend in the recent past like Custodian, N.E.M. and Niger yet they still had poor stock price trade and history. So what gives? Please anyone who knows more about the insurance sector should help out in explaining what would seem like an enigma to a newbie like me.

Responses would be appreciated.

I honestly don't know the reason why, but on a hunch I have loaded on Mansard and NEM.

NEM's cash balance as at Q3 per share was almost equal to the SP then... then it's P/E also looks good

But I think someone mentioned that they have tight hand when it comes to dividends